Hornets Trade Delay Is Holding Up More Than Fans Realized

Amid a flurry of complex trade negotiations and free agency maneuvers, the NBA landscape remains in suspense as major deals hinge on financial intricacies and pending investigations.

The NBA’s offseason logjam is finally starting to move, but a few big pieces are still waiting on the same domino to fall.

The Hornets’ trade involving LaMelo Ball and Naz Reid is expected to be officially wrapped up sometime Friday, according to Rod Boone of The Charlotte Observer. The expectation is that the deal will be folded together with the Timberwolves’ separate three-team Julius Randle trade with the Nets and Bulls, creating one four-team transaction for salary-matching purposes.

That matters beyond just the teams directly involved. Phoenix has been sitting on its own business until that trade clears, because a draft pick the Suns are getting from Charlotte in the Miles Bridges deal is tied to a pick Charlotte is receiving from Minnesota. John Gambadoro of Arizona Sports 98.7 reported that the Suns expect to finish both the Bridges trade and their signing of Luke Kennard early next week.

Kennard’s deal is one reason the timing is so delicate. Even though free agent signings usually aren’t blocked by pending trades, Phoenix can’t sign him until the Bridges trade is finalized because it plans to use the taxpayer mid-level exception. That exception hard-caps a team at the second tax apron, and the Suns are too close to that line to make Kennard’s contract work until they replace Royce O’Neale’s and Grayson Allen’s combined $29MM with Bridges’ $22.8MM salary.

Around the league, Nuggets restricted free agent Spencer Jones says he’s still in the middle of the market. In a video posted to social media, Jones said he’s “currently fielding offers, as we speak,” and added that his agent is speaking with teams other than Denver.

Jones filmed the video while walking to the Nuggets’ practice facility and said, “Any of these days could be the very last time I’m going to this facility,” before adding, “Or not. We’ll see.”

Darren Wolfson of 5 Eyewitness News and SKOR North reported that the Timberwolves have checked in on Jones, though their cap situation likely leaves them without a realistic path to sign him.

There’s also still uncertainty surrounding Kawhi Leonard’s trade situation. Jake Fischer of The Stein Line reported that the Clippers explored Leonard’s trade market for several weeks before reaching an agreement with Toronto, and that L.A. believed the league office had indicated the NBA’s Aspiration investigation wouldn’t affect a possible deal.

According to Fischer, it wasn’t until the teams were set to hold a trade call this week that the NBA informed the Raptors they would take on the risk of any penalties Leonard might face from the probe, separate from any sanctions involving the Clippers. That development is what led Toronto to pause before officially completing the trade, though both sides still expect it to get done eventually.

ESPN’s Bobby Marks also weighed in on the broader offseason picture, looking at 10 unresolved storylines. His rundown includes how LeBron James’ free agency has rippled across several teams and players, a look at the top restricted and unrestricted free agents still available, possible extension candidates, and which teams still have roster spots to fill.

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