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Sources: Jonas Valanciunas to Decline Player Option, to Pursue Long-Term Deal with Grizzlies

Basketball Insiders

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Memphis Grizzlies center Jonas Valanciunas is declining the $17.6M player option on his 2019-20 contract, clearing the way to become an unrestricted free agent this summer, league sources told ESPN.

Valanciunas’ primary intention will be to negotiate a new longer-term deal with the Grizzlies, league sources said. In the post Marc Gasol-era, Valanciunas remains the franchise’s focus to continue as its starting center.

Memphis VP of Basketball Operations Zach Kleiman and Valanciunas’ agent, Leon Rose of CAA, are expected to work aggressively on finding the pathway to a new deal, sources said.

Source: Adrian Wojnarowski of ESPN

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2019 Free Agency Diary

Sources: Ben Simmons, 76ers Agree to Five-Year Max Extension

Basketball Insiders

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Philadelphia 76ers star Ben Simmons has agreed to a five-year, $170 million maximum contract extension, agent Rich Paul tells
@TheAthleticNBA @Stadium.

Source: Shams Charania on Twitter

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2019 Free Agency Diary

Sources: Cavaliers Waive JR Smith

Basketball Insiders

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Sources: The Cleveland Cavaliers have waived JR Smith, making him a free agent. Cavs had been attempting to move Smith all the way up until the 5 p.m. ET waiver deadline today.

Source: Shams Charania on Twitter

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2019 Free Agency Diary

Sources: Reggie Bullock, Knicks Agree to Re-Worked Deal

Basketball Insiders

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Free agent Reggie Bullock has signed a new two-year deal with the New York Knicks, agent David Bauman tells
@TheAthleticNBA @Stadium. Bullock and the Knicks reworked his agreement over the last week after unanticipated health issues.

Source: Shams Charania on Twitter

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