Robert Covington reportedly switches agents ahead of contract year with Sixers

Robert Covington reportedly switches agents ahead of contract year with Sixers

As Robert Covington is set to enter a contract year with the Sixers, the three-and-D wing has reportedly decided to switch agents.

According to a report on Monday from the Sports Business Journal, Covington has switched agencies to CAA Sports, where he will be represented by a team led by agent Drew Morrison. Joel Embiid, Karl-Anthony Towns, Chris Paul and Paul George are among those represented by CAA agents. 

The Sixers last month picked up an option for the fourth and final year of Covington's current deal. With that option having a price tag of $1.57 million attached to it, Covington is playing on one of the biggest bargain deals in the NBA.

After mostly being known as a three-point shooter during his first two seasons in Philadelphia, Covington amped up his defense in 2016-17 and established himself as one of the better three-and-D wings the league has to offer. Covington finished first in deflections per game (4.2) and tied for second in steals per game (1.9) en route to a fourth-place finish in Defensive Player of the Year voting.

Covington will be in line for a substantial raise next summer when he becomes an unrestricted free agent. And that raise could come even sooner if the Sixers want to lock up Covington before he hits the open market.

Beginning on Nov. 15, Covington's three-year anniversary date of signing here, the Sixers will have the ability to renegotiate and extend Covington's contract. In this scenario, the Sixers would utilize their available salary cap room (which currently sits at around $15 million) to raise Covington's sub-$2 million salary for the 2017-18 season and extend him for an additional three years.

This would be a win for both sides, as it prevents Covington from leaving the Sixers in unrestricted free agency while considerably increasing his salary for next season. Both Brett Brown and Bryan Colangelo have identified Covington as a valued part of the Sixers' young, promising core, so it wouldn't be a surprise if the Sixers aggresively pursued that route. 

Regardless of when it happens, a big payday awaits Covington within the next year. 

NBA Notes: Derrick Rose, Cavs reach agreement on 1-year deal

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NBA Notes: Derrick Rose, Cavs reach agreement on 1-year deal

CLEVELAND -- For the moment, the Cavaliers have one content, proven point guard.

Free agent Derrick Rose agreed Monday to sign with Cleveland, a person familiar with the decision told The Associated Press. Rose, a former NBA MVP who has struggled with knee injuries, will get a one-year contract at the veteran's minimum of $2.1 million, said the person who spoke on condition of anonymity because the team has not announced the agreement.

The deal is expected to be finalized and announced Tuesday.

Rose played for the New York Knicks last season and averaged 18 points and 4.4 assists. The 28-year-old Rose's role with the Cavs is still to be determined. He could be used as a backup or even start depending on what the team does with All-Star Kyrie Irving, who recently asked for a trade.

Irving's demands have complicated things for the defending Eastern Conference champions, who were beaten by Golden State in the Finals. They'll certainly find interest in Irving, but it may be challenging to find comparable talent in return.

That's where Rose comes in. If healthy, Rose is a dynamic scorer capable of taking over a game, and paired with LeBron James, he could be even more dangerous (see full story).

Spurs: Gasol signs 3-year deal
SAN ANTONIO -- The San Antonio Spurs have signed Pau Gasol to a three-year contract.

The Spurs announced the signing on Monday. Gasol opted out of the two-year deal he signed last summer to give the Spurs more salary cap flexibility to supplement the roster in free agency. But he always intended to re-sign with San Antonio, where he averaged 12.4 points and 7.8 rebounds in just over 25 minutes per game last season.

Gasol played 64 games, filling a starting role and coming off the bench for a team that won 61 games and lost to Golden State in the Western Conference finals.

Gasol's help allowed the Spurs to add Rudy Gay and Brandon Paul in free agency.

Cavaliers: Altman officially named full-time GM
CLEVELAND -- Koby Altman's summer job has turned into something permanent.

The Cavaliers, who have had a bumpy few weeks since losing in the NBA Finals, named Altman their full-time general manager on Monday. Altman's promotion had been expected for days and is a reward for the 34-year-old, who has been serving as Cleveland's interim GM this summer after David Griffin parted ways with the club.

Altman came to Cleveland in 2012 and was promoted to Griffin's assistant last summer after the Cavs won the championship. He will be the fifth GM for owner Dan Gilbert since 2005.

Gilbert said he's been impressed with the job Altman -- and other members of Cleveland's front office -- have done over the past five weeks.

"Koby Altman has led our front office group through this transition period, impressing many inside the franchise and outside the organization, as well," Gilbert said in a statement. "We are very excited that he will now be officially leading the basketball side of our franchise. Koby has the credentials, knowledge, experience and instincts to be an outstanding general manager. In addition to these positive attributes and outstanding relationships around the league, Koby will inspire and impact the best possible culture throughout the organization" (see full story).

Pistons: Montego inks 2-way contract
AUBURN HILLS, Mich. -- The Detroit Pistons have signed Luis Montero to a two-way contract.

The team announced the deal Monday. The 6-foot-7 Montero played 49 games last season for the Sioux Falls Skyforce and Reno Bighorns of the NBA G League. He played in 12 NBA games with the Portland Trail Blazers in 2015-16, averaging 1.2 points, 0.3 rebounds and 0.1 assists.

NBA teams are allowed two two-way players on their roster at any time, in addition to the 15-man, regular-season roster.

Report: Former Villanova star Ryan Arcidiacono signs 2-way deal with Bulls

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Report: Former Villanova star Ryan Arcidiacono signs 2-way deal with Bulls

Ryan Arcidiacono is getting another shot to stick in the NBA.

According to a report on Monday by Sean Highkin‏ of TheAthletic.com, Arcidiacono has signed a two-way contract with the Chicago Bulls. Highkin reports that the deal is for one season.

Arcidiacono, the former Villanova star and champion, played for the Bulls during the Las Vegas Summer League. The point guard averaged 5.8 points on 41.7 percent shooting from the field and 44.4 percent shooting from three-point range. Arcidiacono also recorded 3.2 rebounds and 2.8 assists in five games (three starts) for the Bulls in Vegas. 

Earlier this month, Arcidiacono signed with Juve Caserta in Italy's Lega Basket Serie A. However, Highkin writes that the club was “recently excluded from the Italian league Serie A due to financial concerns.”

After going undrafted in 2016, Arcidiacono joined the Spurs for summer league and preseason action. He was waived during the preseason but was able to latch on with the Austin Spurs, San Antonio’s G-League affiliate.

In 47 games (34 starts) for the Austin Spurs in 2016-17, Arcidiacono averaged 6.5 points, 3.8 assists and 3.7 rebounds in 27.5 minutes a night. He shot 47.2 percent from the field, 42.1 percent from three-point range and 81.4 percent from the free throw line.