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The NBA offseason is in full swing. News of contract decisions, trades and cap clearing procedures are swirling. Don’t worry, we have you covered. Here is a look at the action that has unfolded so far today.
Fresh off of a run to the NBA Finals, the Miami Heat’s Kelly Olynyk has opted to remain with the team, picking up his $13.6 million player option for the upcoming season, reports Adrian Wojnarowski of ESPN.
Miami's Kelly Olynyk has exercised his $13.6M player option for the 2020-21 season, source tells ESPN
— Adrian Wojnarowski (@wojespn) November 19, 2020
Meanwhile, the New York Knicks declined to pick up the team option on Bobby Portis while waiving Elfrid Payton and Taj Gibson, reports Shams Charania of the Athletic. The move clears up considerable space for the Knicks.
The Knicks declined team option on Bobby Portis ($15.7M) and waived Taj Gibson ($10.29M) and Elfrid Payton ($8M), sources tell @TheAthleticNBA @Stadium. Frees up salary space for New York.
— Shams Charania (@ShamsCharania) November 19, 2020
In Oklahoma City, Mike Muscala has decided to stay with the Thunder for the upcoming season.
Forward Mike Muscala has exercised his player option to return to Oklahoma City this season, source tells ESPN.
— Adrian Wojnarowski (@wojespn) November 19, 2020
The Denver Nuggets are looking abroad in order to sign Argentinian point guard Facundo Campazzo, who plays in the EuroLeague for Real Madrid.
The Nuggets are clear frontrunners to sign Real Madrid and Argentina PG Facundo Campazzo based on all the latest indications from Europe
— Marc Stein (@TheSteinLine) November 19, 2020
Campazzo is scheduled to play in a EuroLeague game Friday but has maintained for months he is coming to the NBA as soon as the market opens
In Los Angeles, the Lakers waived Quinn Cook, who only played with the team for one season.
The Los Angeles Lakers are waiving guard Quinn Cook, sources tell @TheAthleticNBA @Stadium. Cook had a non-guaranteed season for 2020-21.
— Shams Charania (@ShamsCharania) November 19, 2020
The Brooklyn Nets will not be picking up the second year of Garrett Temple’s contract.
The Brooklyn Nets are declining Garrett Temple's option for the 2020-2021 season, source tells ESPN. He will become a free agent.
— Adrian Wojnarowski (@wojespn) November 19, 2020
The Bucks are parting ways with Ersan Ilyasova.
Milwaukee is waiving forward Ersan Ilyasova, sources tell @TheAthleticNBA @Stadium.
— Shams Charania (@ShamsCharania) November 19, 2020
JaVale McGee will stay with the Los Angeles Lakers.
Lakers center JaVale McGee will exercise his $4.2M player option for 2020-21 season, sources tell @TheAthleticNBA @Stadium.
— Shams Charania (@ShamsCharania) November 19, 2020
The Atlanta Hawks are trading Dewayne Dedmon to the Detroit Pistons for Khyri Thomas and Tony Snell.
Atlanta is trading Dewayne Dedmon to Detroit, sources tell @TheAthleticNBA @Stadium.
— Shams Charania (@ShamsCharania) November 19, 2020
Detroit is trading Khyri Thomas and Tony Snell to Atlanta for Dewayne Dedmon, sources tell ESPN.
— Adrian Wojnarowski (@wojespn) November 19, 2020
Austin Rivers has opted out of his contract with the Houston Rockets.
Rockets guard Austin Rivers has decided to opt out of his contract to become an unrestricted free agent, a source told @TheUndefeated.
— Marc J. Spears (@MarcJSpears) November 19, 2020
According to The New York Times NBA Insider Marc Stein, the Knicks are interested in acquiring Celtics forward Gordon Hayward.
The Knicks have been aggressive in their pursuit of Gordon Hayward all week, sources say
— Marc Stein (@TheSteinLine) November 19, 2020
Amid a growing belief leaguewide that Hayward will decline his $34 million player option for next season, New York may loom as Hayward's best option given all the Knicks' newfound cap space
Out in the Western Conference, it appears that the Suns are parting ways with sharp-shooting big man Frank Kaminsky.
The Phoenix Suns are declining the $5.2M team option on Frank Kaminsky, making him an unrestricted free agent, source tells ESPN.
— Adrian Wojnarowski (@wojespn) November 19, 2020
No surprise here, veteran forward James Johnson has decided to pick up the remaining $16 million option on his contract.
Timberwolves forward James Johnson has opted into his $16M deal for 2020-21 season, sources tell @TheAthleticNBA @Stadium.
— Shams Charania (@ShamsCharania) November 19, 2020
The Rockets are picking up the team option on David Nwaba’s current contract. The 27-year-old wing signed with the Rockets prior to the bubble.
The Rockets are exercising guard David Nwaba’s $1.8M team option for next season, sources tell @TheAthleticNBA @Stadium.
— Shams Charania (@ShamsCharania) November 19, 2020
Celtics forward Gordon Hayward is set to hit the open market.
Celtics’ Gordon Hayward has opted out of his $34M deal for the 2020-21 season and will become a free agent, sources tell @TheAthleticNBA @Stadium.
— Shams Charania (@ShamsCharania) November 19, 2020
Stay tuned for more updates in our late-afternoon, evening edition of offseason movement.