Latest news with #contractbuyout
Yahoo
3 days ago
- Business
- Yahoo
Beal agrees to Suns contract buyout with Clippers next: reports
Three-time NBA All-Star guard Bradley Beal has agreed to a contract buyout by the Phoenix Suns that opens the door to joining the Los Angeles Clippers, according to multiple reports on Wednesday. The 32-year-old American was the third overall pick in the 2012 NBA Draft by Washington and traded to Phoenix in 2023 but struggled in two seasons with the Suns, setting the stage for his departure. After clearing waivers, Beal plans to sign a two-year deal worth $11 million with the Clippers, his agent told ESPN and the Arizona Republic, with a player option for the 2026-27 campaign that could make him a top free agent next year. The Suns had the NBA's most expensive roster last season but finished 36-46 and missed the playoffs for the first time since 2020. Beal's buyout marks the latest move to revamp the roster. Phoenix fired Mike Budenholzer as coach in April, replacing him last month with Cleveland assistant coach Jordan Ott. The Suns also traded star forward Kevin Durant to the Houston Rockets as part of a seven-team deal earlier this month. Beal battled injuries in his two seasons with the Suns, playing 53 games in each. Last season, Beal averaged 17.0 points, 3.7 assists, 3.3 rebounds and 1.1 steals a game. It was his lowest point-per-game production since the 2014-15 campaign. Beal would join a Clippers lineup that includes guard James Harden, forward Kawhi Leonard and center Brook Lopez. A handful of NBA rivals reportedly made pitches for Beal, whose new club has enough money below the league salary cap to compete in the free agent market for the next two years. js/aks
National Post
3 days ago
- Sport
- National Post
Bradley Beal agrees to buyout with Phoenix Suns, set to join L.A. Clippers
Three-time All-Star guard Bradley Beal and the Phoenix Suns agreed to a buyout on the two years remaining on his contract, a person with knowledge of the deal told The Associated Press on Wednesday. Article content The person spoke to the AP about Beal's buyout on condition of anonymity because the deal hasn't been officially announced. Article content Article content The move paves the way for Beal to sign a two-year, $11 million deal with the Los Angeles Clippers that includes a player option after he clears waivers, ESPN reported. Article content Beal is expected to give back $13.9 million of the $110 million he's owed from the Suns, which allows Phoenix more flexibility as it tries to rebuild its roster. Article content It's been a busy summer for the Suns, which also dealt 15-time All-Star Kevin Durant to the Houston Rockets for a package that included Jalen Green, Dillon Brooks and the No. 10 overall pick in this year's draft, which the Suns used to select Duke centre Khaman Maluach. Article content The 32-year-old Beal would join a veteran Clippers roster that includes James Harden and Kawhi Leonard. Beal averaged 17.6 points over two disappointing, injury-filled seasons with the Suns. Article content Article content BREAKING: Three-time NBA All-Star Bradley Beal has agreed to a contract buyout with the Phoenix Suns and plans to join the Los Angeles Clippers on a two-year, $11 million deal with a player option after clearing waivers, Mark Bartelstein of @PrioritySports told ESPN. — Shams Charania (@ShamsCharania) July 16, 2025 Article content Beal averaged a career-high 31.3 points per game during the 2020-21 season for the Washington Wizards, but his production has slowly declined since that point as injuries have taken a toll. He's missed at least 29 regular-season games with various ailments in each of the past four seasons. Article content
Daily Mail
3 days ago
- Business
- Daily Mail
BREAKING NEWS Phoenix Suns star Bradley Beal agrees to contract buyout and signs with new team in stunning move
Phoenix Suns shooting guard Bradley Beal has agreed to a contract buyout with the team and intends to sign with the Los Angeles Clippers, according to multiple reports. Beal's agent told ESPN's Shams Charania that the 32-year-old guard will ink a two-year, $11million deal with the Clippers. Beal will have to clear waivers in order to sign with the Clippers.
Yahoo
5 days ago
- Business
- Yahoo
Milwaukee Bucks officially release backup point guard
The Milwaukee Bucks made an official announcement regarding backup guard Vasilije Micic. On July 7, the pair agreed to a contract buyout. Micic was brought from the Hornets to the Bucks as part of the trade that sent Pat Connaughton and two second-round picks to Charlotte. Now, he'll be a free agent. Advertisement In the aftermath of the buyout, Micic has surveyed his options overseas rather than continue to pursue an NBA career. Micic previously played in the EuroLeague from 2014-23, averaging 13.8 points, 2.4 assists and 4.8 rebounds per game before venturing into NBA. In the NBA, after initially landing with the Oklahoma City Thunder — and not being part of the rotation — Micic landed with the Charlotte Hornets, where over the next season and a half he averaged 9.0 points and 4.7 assists per game in 66 appearances (37 starts). Per The Athletic's Eric Nehm, the decision was made in connection to the team waiving Damian Lillard in an effort to reduce the Bucks' cap hit for next season. 'As part of a buyout, Micić agreed to give back $6.1 million, which shrunk the Bucks' cap hit on his contract from $8.1 million to only $2 million,' Nehm said. ' That move enables the Bucks to stretch the contracts of both Lillard and Micić and avoid crossing over the stretched money threshold laid out in the NBA's collective bargaining agreement. No team is allowed to have more than 15 percent of its salary cap taken up by stretched money, and those two moves would help the Bucks avoid that next season.' The Bucks will now look to get busy on the market after the financial gymnastics they've done as they try to build a contender while Giannis Antetokounmpo is still in town.
Yahoo
5 days ago
- Sport
- Yahoo
Cole Anthony to sign with Bucks after contract buyout with Grizzlies
The post Cole Anthony to sign with Bucks after contract buyout with Grizzlies appeared first on ClutchPoints. Cole Anthony won't be a member of the Memphis Grizzlies. Instead, he will represent the Milwaukee Bucks. Advertisement Anthony intends on signing with the Bucks this summer after accepting a contract buyout with the Grizzlies, per ESPN's NBA insider Shams Charania. Memphis acquired him and Kentavious Caldwell-Pope from the Orlando Magic in exchange for Desmond Bane. 'Cole Anthony has agreed to a contract buyout with the Memphis Grizzlies and plans to sign with the Milwaukee Bucks after he clears waivers, sources tell ESPN. Grizzlies finalized the buyout with Jeff Schwartz and Javon Phillips of Excel Sports for Anthony's new opportunity,' Charania said. What's next for Bucks after landing Cole Anthony © Daniel Dunn-Imagn Images Anthony spent the first five years of his career with the Magic. Throughout 320 appearances, he averaged 12.5 points, 4.3 rebounds and 3.8 assists per game. He shot 41.9% from the field, including 34.5% from beyond the arc, and 84.7% from the free-throw line. Advertisement Despite being active in the Magic's rotation throughout each regular season, his presence in the playoffs wasn't as frequent. Playing 24.8 minutes in each regular-season contest, his playing time goes down to 12.8 minutes per game in the playoffs. Anthony's role wasn't going to fit with Memphis considering the logjam at the point guard position. The Grizzlies already have star guard Ja Morant and have found a noteworthy young player on the rise in Scotty Pippen Jr. This would have reduced Anthony's role, making the contract buyout a reasonable one. The Bucks do improve at the guard position. After waiving and stretching the remainder of Damian Lillard's contract, they had an open spot available. This granted the chance for Anthony to enter the equation and take the spot. Milwaukee now has a backcourt featuring Anthony, Kevin Porter Jr. and Gary Trent Jr. The trio will look to assist Giannis Antetokounmpo in making noise in the Eastern Conference. The squad is coming off a first-round exit to the Indiana Pacers for the second consecutive year. Related: Bucks HC Doc Rivers makes big declaration about NBA parity Related: Myles Turner gets real on 2025 return to Indiana with Bucks
