David Aldridge: Source confirms four-year, $50M deal fo…

David Aldridge: Source confirms four-year, $50M deal for Kelly Olynyk in Miami (@Adrian Wojnarowski first). Deal includes fourth-year player option, per source.

More on Kelly Olynyk Free Agency

Barry Jackson: Heat ultimately thought Olynyk was better player than Gay at that money. Concerns with Gay on several issues, including Achilles return.
Albert Nahmad: Waiters gets 4-years, $52M. Olynk gets 4-years, $50M. Including Ellington, McRoberts and Babbitt, Heat would have up to $6M cap room left.
Adrian Wojnarowski: Free agent Kelly Olynyk has agreed to a four-year, $50M-plus deal with the Miami Heat, agent Greg Lawrence tells ESPN.
Mike Fisher: #Cowboys fans, if you don't mind, a #FishTips #Mavs TweetStorm a'comin: 1) Olynyk 'wants more $ than (Dallas) wants to pay.' - Source
Boston has already renounced its rights to Kelly Olynyk, a key offensive spark off the bench with his ability to score from the perimeter. Now it looks as though the Celtics will have to trade away one of its elite defenders in order to continue shedding salary. And the three targets most teams have focused on, are Avery Bradley, Jae Crowder and Marcus Smart. Terry Rozier is also available, but the market for the aforementioned players has been much stronger.
Adrian Wojnarowski: Boston has renounced restricted free agent Kelly Olynyk, allowing him to become an unrestricted free agent, league sources tell ESPN.
Adrian Wojnarowski: There will be a strong market for Olynyk, whose cap hold needed to leave Boston payroll to create space to sign Gordon Hayward.
With Gordon Hayward now agreeing to a four-year $127M max contract, Celtics management now has a series of transactions to do in order to create cap space. The Celtics would have to pull the qualifying offer on Kelly Olynyk, renounce free agents Jonas Jerebko, James Young, Gerald Green and waive the contracts of Jordan Mickey and Demetrius Jackson (or trade).
Adam Himmelsbach: According to a league source, the Celtics have extended a qualifying offer to Kelly Olynyk.
Steve Bulpett: Celtics will give the qualifying offer to Olynyk. He would still likely be gone if the C's reach agreement w/Hayward. They'd need the space.
Kelly Olynyk understands the Boston Celtics' salary-cap situation will loom over his restricted free agency this summer, but said he will not worry about how the team's pursuit of top targets could impact his future. "It is what it is," Olynyk said Thursday afternoon after appearing at a Shamrock Foundation carnival for students who achieved perfect attendance throughout the school year, boosted their grades considerably or won one of the Celtics' annual writing or art contests. "I love that we have so much that can go on. (Celtics president of basketball operations Danny Ainge has) put our team in a position where that's the case, and that's why we were No. 1 in the East, that's why we're still trending upwards. And hopefully we can do something this summer that keeps us trending that way."
Jay King‏: Olynyk on FA: "I haven't thought a lot about it, but we'll see what happens." Said he would love to return. Doesn't know what to expect.
Big man Kelly Olynyk, who rescued the Celtics with Game 7 heroics against Washington, is a restricted free agent, and while Boston does not want to lose him outright, a sizable offer from another team could price him out of the Celtics’ range. If possible, too, the Celtics would like to find a taker for big man Tyler Zeller, who is owed $8 million next season.
The Celtics also were unable to agree on a contract extension with fourth-year forward Kelly Olynyk. Ainge said he met with the 7-footer’s agent Monday, as the sides tried to finalize a deal before the midnight deadline. Ultimately, though, maintaining salary-cap flexibility that will allow the Celtics to pursue a maximum-contract free agent remained the top priority. “If we didn’t have max cap flexibility next summer and the possibility to land a superstar-type player, an All-Star-caliber player, it might have been different in our negotiations,” Ainge said. “But because we still are there, with where we are in cap management, there was no reason to rush into it.”
“Once we sort of use that flexibility, we may not have it again,” Ainge said. “So there’s two ways to look at that. You see a lot of teams that are just going and signing extensions with players they have and sort of closing that door on that flexibility, but we’re not there yet. I think, as an organization we want to maintain that flexibility, and Kelly is part of our long-term plan as well.”
Forward/center Kelly Olynyk is eligible to sign a long-term deal before the Oct. 30 deadline but the Celtics are likely to wait until next summer to determine whether to invest in him long term. This is a critical season for Olynyk, who is coming off shoulder surgery. He will be depended on to be the floor-stretching sharpshooter the Celtics have desired the past three years. Olynyk has missed 43 games over his first three seasons, primarily because of injuries. The Celtics want more toughness and consistency from their former first-round pick .
Storyline: Kelly Olynyk Free Agency
More HoopsHype Rumors
August 1, 2021 | 9:39 am EDT Update
Hollinger: I’ve heard a lot of different stuff, but if I had to bet on one outcome, I think it ends with an offer sheet from the Bulls that the Pelicans decide to match after Kyle Lowry signs with the Mavericks. At the end of the day, Ball is both young and good, and having him on a multiyear deal on the same timeline as Zion and Ingram is still New Orleans’ best option. Keeping him also lets them re-sign Hart and use their full mid-level exception — and hopefully build the team in a more organic way than relying on the cap-space fairy to save them.
With Ball’s ties to the Los Angeles area, there will always be speculation about him making a potential return to the West Coast. With Russell Westbrook going to the Lakers, the Clippers are obviously the only team we should focus on here. There have been some rumors about the Clippers having interest in Ball to fill their hole at point guard. Reggie Jackson was incredible during their playoff run last year, but I’d imagine the Clips have some interest in getting younger and a little more athletic in the backcourt.
Tatum is healthy now and is also coming off his best game in a Team USA uniform, with 27 points and five 3s in a 35-point win over the Czech Republic Saturday night. Tatum was terrible in that exhibition win over Spain (3-of-9 shooting) and in the Olympics-opening loss to France (3-of-9 shooting); he scored 17 but was 2-of-7 from 3 in the 54-point win over Iran. “I don’t know,” Tatum said Saturday night, when asked why he thought he’d gotten off to a slow start. “New environment, new basketball, different style of basketball, the rules are different, playing on a new team, it’s a lot of things. But I was never worried, never concerned. I knew that shots would fall eventually and start to feel good about yourself, and then it’s just basketball.”
Storyline: Olympic Games
Spain is much closer in that department and has the discipline to run an offense that could exploit some of Team USA’s defensive switches. Unless Tatum is back to his old self, and the Americans we’ve seen in the last two games are the collective pieces of a set that is not going to suffer another setback. Any more of those, and the gold medal chase is over. These games really count now. “Our confidence never wavered,” Tatum said. “We understood that it wasn’t gonna be easy. We didn’t have our full team until four days ago, five days ago, so we knew that we had a lot of challenges ahead of us. And we also know that we would continue to get better every day, we would get better from each game, each practice, just the more time that we spent together, we were never going to be the same team, from day one, that we are now. And hopefully we’re better this time next week than we were today.”
August 1, 2021 | 7:33 am EDT Update