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Knicks Waive Landry Shamet, Chuma Okeke, T.J. Warren

October 19th, 2024 at 3:53pm CST by Luke Adams

3:53pm: The Knicks announced that they’ve officially waived Shamet, Okeke, and Warren (Twitter link).

Okeke and Warren were always considered long shots to make the team once Shamet emerged as the frontrunner, but if Shamet requires a lengthy recovery process, it’s possible one of them could return to the Knicks 14 days into the season when they need to add a 13th man (Ariel Hukporti is expected to be promoted from his two-way deal to become the 14th man).

Warren plans to join the Westchester Knicks and will be a candidate for a promotion at some point this season, Ian Begley of SNY.tv confirms (via Twitter).

3:44pm: The Knicks are waiving injured guard Landry Shamet, sources tell Shams Charania and Bobby Marks of ESPN (Twitter link).

As we covered in detail this week, Shamet left Tuesday’s preseason game against Charlotte with an injury and was subsequently diagnosed with a dislocated right shoulder. Prior to going down in that game, he appeared on track to make the Knicks’ roster on his non-guaranteed minimum-salary contract, having enjoyed a solid preseason in which he averaged 10.8 points per game in four appearances.

However, the Knicks have very little roster and financial flexibility — after accounting for their 12 players on guaranteed contracts, they’re only about $3.58MM away from their hard cap, which they can’t surpass at any point during the 2024/25 season. As such, hanging onto Shamet and continuing to pay him while he recovers from his shoulder injury isn’t the best use of the team’s limited resources.

According to Charania, the Knicks will likely open the season with just their 12 players on standard guaranteed contracts. They’re allowed to carry fewer than 14 players for up to two weeks at a time and for up to 28 total days during the 2024/25 season, so they’ll have to add 13th and 14th men during the first week of November. They’d like to eventually bring back Shamet when he recovers from his shoulder injury, Charania adds.

Because Shamet had Exhibit 9 language in his training camp contract, the Knicks were protected in the event of a preseason injury and will only owe the 27-year-old just $15K rather than having to continue to pay his minimum salary until he’s healthy.

While Charania and Marks didn’t explicitly report it, Charania’s claim that New York will likely open the season with just 12 players on standard deals suggests that the team will also waive Chuma Okeke and T.J. Warren, the other veterans on non-guaranteed contracts.

Clippers Convert Kai Jones To Two-Way Contract

October 19th, 2024 at 1:58pm CST by Tristan Tucker

3:05pm: Jones’ two-way deal is official, per NBA.com’s transaction log.

1:58pm: The Clippers are converting big man Kai Jones to a two-way contract from his previous Exhibit 10 pact, according to NBA insider Chris B. Haynes (Twitter link).

Jones, a former 19th overall pick, impressed in recent weeks. He averaged 8.0 points, 5.0 rebounds and 2.4 blocks in five preseason games, serving as L.A.’s primary backup center while Mohamed Bamba dealt with an injury. Head coach Tyronn Lue recently made sure to note Jones’ importance to the team.

The 6’11” Texas product spent the first two years of his career with the Hornets, but didn’t crack the rotation. That, paired with a personal mental health struggle, led to his release. He signed a 10-day contract with the Sixers in March but wasn’t brought back after it expired.

Jones then landed with the Clippers at the end of the regular season. He didn’t appear in a game last season, however. He had a team option for 2024/25, which was declined this offseason, before he was brought back on the Exhibit 10 contract.

The Clippers are still at the offseason limit of 21 players, but Jones being converted likely means we will see all of Elijah Harkless, Braxton Key and Alondes Williams — their other Exhibit 10 players — waived in the coming hours. The Clippers don’t have a vacant spot on their 15-man roster and they have all three two-way slots filled. They’re also reportedly planning on signing Tosan Evbuomwan, presumably to an Exhibit 10 deal in order to subsequently waive him and have him join their G League affiliate.

Bulls To Retain Talen Horton-Tucker

October 19th, 2024 at 1:14pm CST by Luke Adams

Talen Horton-Tucker will open the season with the Bulls, according to Jamal Collier of ESPN, who reports (via Twitter) that the sixth-year guard has made the team as its 15th man.

The 46th overall pick in the 2019 draft, Horton-Tucker spent his first three NBA seasons with the Lakers and his last two in Utah. While he showed some promise with each team and logged regular rotation minutes in each of the past four seasons, he hadn’t taken a significant step forward during that time — his 39.6% field goal percentage last season represented a career low.

Still, Horton-Tucker is just 23 years old (24 in November) and made a strong impression this fall in Chicago on a non-guaranteed Exhibit 10 contract.

The 6’4″ guard averaged 13.0 points per game in five preseason outings despite playing just 17.8 minutes per contest. He also took good care of the ball (0.8 turnovers per game) and knocked down three-pointers at a better rate (33.3%) than he has in any of his five NBA seasons.

Horton-Tucker is on a minimum-salary contract that will pay him $2,425,403 and will count against Chicago’s cap for $2,087,519 if it becomes fully guaranteed. For now, he’ll earn $13,939 for each day he spends on the roster, with the Bulls having the option of waiving him on or before January 7 to open up that 15th spot and avoid paying his full-season salary.

Barring any last-minute moves, the Bulls’ roster looks ready for the regular season, with 14 players on guaranteed contracts, Horton-Tucker on his non-guaranteed deal, and three players occupying the two-way slots.

Horton-Tucker is the first player on an Exhibit 10 contract confirmed to be making his team’s standard opening night roster.

Magic Converting Mac McClung To Two-Way Contract

October 19th, 2024 at 12:50pm CST by Luke Adams

2:18pm: McClung has been officially converted to a two-way deal, per NBA.com’s transaction log.

12:50pm: The Magic are filling one of their open two-way slots by converting Mac McClung‘s Exhibit 10 contract to a two-way deal, reports Shams Charania of ESPN (Twitter link).

A 6’2″ guard, McClung is the reigning G League Most Valuable Player and a two-time dunk contest champion. In 41 Showcase Cup and regular season games for the Osceola Magic last season, he averaged 25.5 points, 6.5 assists, and 4.6 rebounds in 35.5 minutes per contest, with an excellent shooting line of .492/.380/.846.

Despite excelling in the G League and showing off impressive athleticism in the last two dunk contests, McClung has struggled to break through at the NBA level. Since making his regular season debut nearly three years ago, he has appeared in just four NBA games — one for the Bulls in December 2021, one for the Lakers in April 2022, and two for the Sixers in April 2023.

McClung will now have a chance to suit up for the Magic this fall as one of the team’s two-way players, alongside Trevelin Queen.

Orlando still has one more two-way slot available, with Exhibit 10 camp signees Jalen Slawson, Ethan Thompson, and Alex Morales all eligible to be converted by Monday. The team could also decide to look outside the organization to fill that final two-way opening.

Celtics Waiving Lonnie Walker IV

October 19th, 2024 at 11:51am CST by Tristan Tucker

The Celtics are waiving Lonnie Walker IV, according to ESPN’s Bobby Marks (Twitter link). Instead of keeping a full 15-man standard roster, Boston will head into the season with an open slot.

There was some speculation that Walker had done enough to make the team. He played well in the preseason, averaging 7.3 points in 16.4 minutes per game across four appearances. He’s also a young, six-year NBA veteran who holds career averages of 9.8 PPG and 2.3 RPG.

However, the Celtics are about $7MM over the second tax apron, so keeping Walker without trimming salary elsewhere would have resulted in about $8.8MM in extra projected tax penalties on top of his $2.1MM cap hit, meaning it would have cost about $11MM in total to keep him for the season.

As we mentioned earlier Saturday, the Celtics could have kept Walker on the 15-man roster and tried to reduce their tax payment later in the season with a trade or two. Instead, they’re opting to move on from the veteran guard, at least for now.

Walker is a candidate to be claimed off waivers by a team with an opening on its roster and a need for a high-scoring guard. The Celtics’ decision to waive Walker could be an indication that they don’t view that as a likely outcome — or they’re fine if it does happen. The Miami product didn’t agree to a deal until late August, sitting on the free agency market for about two months. So if guaranteed offers didn’t materialize then, they may not this time around either.

Walker was signed to an Exhibit 10 contract, so he’ll be eligible for a bonus worth $77.5K if he spends at least 60 days with Boston’s G League affiliate in Maine. Over the course of his career, Walker has been a proven commodity, so if he doesn’t get claimed or signed by another team at this time, the Celtics could revisit him later while keeping him in their system. Of course, even if he plays in Maine, Walker would be free to jump ship for another NBA team at any point this season.

Walker was not eligible for a two-way contract because he holds six years of NBA service.

By waiving Walker, the Celtics regular season roster looks set. They have 14 players on standard contracts and three on two-way deals.

Wizards, Bucks, Wolves Among Teams Exploring Roster-Trimming Trades

October 19th, 2024 at 11:28am CST by Tristan Tucker

With teams finalizing rosters ahead of Monday’s cut-down deadline, there could be a flurry of activity from teams exploring avenues to keep players on crowded rosters. According to Spotrac’s Keith Smith (Twitter link), several luxury tax teams are exploring moving off salary in an effort to keep other players they like.

While the Wizards aren’t a luxury tax team, they’re one of the many teams looking to make a move before Monday’s roster deadline. As NBA insider Jake Fischer reports (Threads link), the Wizards want to keep Jared Butler around on the 15-man roster. Butler is on a non-guaranteed contract, which made him a release candidate, but he played well in the preseason, averaging 6.8 points and 4.2 assists in 14.3 minutes per game across five outings.

That could lead the Wizards to explore trading or even cutting former No. 10 overall pick Johnny Davis, according to Fischer. The Wizards aren’t expected to exercise Davis’ fourth-year option and while he hit a clutch shot in Friday’s preseason finale, he struggled this preseason and through his two NBA years with shooting efficiency.

However, outright cutting Davis would mean not being able to use his $5.3MM salary to help facilitate trades later down the road. It’s possible Washington agrees to a bigger trade before the beginning of the regular season or considers waiving another player.

As we outlined earlier today, it’s important to note that while most teams will make cuts Saturday, that’s not really an issue for the Wizards. The main wave of cuts today are mostly going to be non-guaranteed contracts and since teams like the Wizards cutting guaranteed salary would be eating dead money anyway, they have until Monday’s deadline to come to a decision.

We have more trade rumors from around the league:

The Bucks have informed rival teams of early interest in trading third-year wing MarJon Beauchamp, according to Fischer (Threads link). Beauchamp was the 24th overall pick in 2022 by the Bucks, so their willingness to move him is noteworthy. Across his first two seasons in the league, he’s averaged 4.8 points and 2.1 rebounds. While Fischer suggests the Bucks could be looking to acquire a defensive-minded wing, Smith notes via Twitter that Milwaukee has also expressed interest in re-signing Thanasis Antetokounmpo — moving Beauchamp without taking a player back would open up that opportunity. Antetokounmpo is expected to miss the season while recovering from an Achilles tear, so signing him would be for his locker room presence, which Smith says is “prized” by both the franchise and his brother Giannis.
The Timberwolves have looked into trade options for recently acquired forward Keita Bates-Diop, according to Fischer (Threads link). Bates-Diop was rerouted a couple of times this summer, going from the Nets to the Knicks in the Mikal Bridges trade before landing with Minnesota in the Karl-Anthony Towns blockbuster. Bates-Diop is set to make just under $2.7MM this season and with the Wolves already about $17MM over the second tax apron, they’d prefer to move off his salary rather than eating it. Moving Bates-Diop is also about finding a way to keep PJ Dozier on the roster. The Wolves have 15 players on guaranteed salaries, plus Dozier on a partially guaranteed deal. Dozier is a favorite of president of basketball operations Tim Connelly.
Celtics guard Lonnie Walker IV‘s Exhibit 10 status is noteworthy, as he was seen as a bargain signing by the reigning champions at the time, but they have tight finances as a team well over the second apron. Still, Walker’s impressive preseason puts Boston in an interesting position, and Fischer indicates the Celtics have considered keeping him around. If they retained Walker through the season and made no other changes, Boston would have to make approximately $9MM in projected tax payments on top of Walker’s minimum-salary contract due to their position against the second apron. However, that amount isn’t calculated until the end of the season, so the Celtics may explore trading Jaden Springer as late as February’s trade deadline so they can keep Walker, Fischer reports.
[UPDATE: The Celtics are waiving Walker.]
The Pistons may be the primary contact for any team looking to make salary- or roster-trimming trades, Smith notes (Twitter link). The Pistons have an open roster spot and $10.2MM in cap space, putting them in position to accommodate players like Davis, Beauchamp, Bates-Diop or Springer if their teams were willing to attach draft capital.

Heat Waive Nassir Little, Three Others

October 19th, 2024 at 11:23am CST by Luke Adams

The Heat have requested waivers on Nassir Little, Zyon Pullin, Isaiah Stevens, and Warren Washington, the team announced today (via Twitter).

All four players were in camp with Miami on non-guaranteed contracts. Little had an Exhibit 9 deal, while Pullin, Stevens, and Washington each had Exhibit 10 language in their agreements. That means those latter three are good candidates to land with the Sioux Falls Skyforce, the Heat’s G League affiliate, whereas Little – who wouldn’t earn an Exhibit 10 bonus with the Skyforce – may seek out another opportunity.

Little is the most notable name in the group, having been a first-round pick in 2019 who has 237 career NBA regular season appearances under his belt. After spending his first four seasons in Portland, he was traded to Phoenix in last year’s Damian Lillard blockbuster, but struggled for his new team, averaging a career-low 3.4 points per game with a .300 3PT% in just 10.2 minutes per game.

Little, who has battled injuries since entering the league and has never played more than 54 games in a season, was waived by the Suns in August with three years and $21.75MM left on his contract. He had a chance to make the Heat’s regular season roster, but the odds were against him, given that retaining him into the regular season would have pushed Miami’s team salary above the restrictive second tax apron.

The Heat now have 14 players on standard contracts and three on two-way deals. Barring some last-minute moves for G League purposes, their roster could be set for opening night.

Bulls Convert E.J. Liddell To Two-Way Deal

October 19th, 2024 at 10:52am CST by Rory Maher

OCTOBER 19: Liddell’s conversion to a two-way contract is now official, the Bulls announced in a press release.

OCTOBER 18: The Bulls are converting E.J. Liddell‘s Exhibit 10 contract into a two-way deal, league sources tell Michael Scotto of HoopsHype (Twitter link).

Chicago currently has an open two-way spot, so no corresponding move will be necessary to promote Liddell.

An Illinois native who starred in college at Ohio State, Liddell was selected with the 41st pick of the 2022 draft. Unfortunately, he missed his entire first season with the Pelicans after tearing his ACL in Summer League, but the team kept him on a two-way deal for the 2022/23 campaign.

Liddell, a 6’7″ forward, was promoted to a multiyear standard deal in July 2023. He spent most of last season in the G League, only making eight NBA appearances for 23 total minutes with New Orleans in ’23/24.

Liddell was traded twice during the offseason, first to Atlanta in the Dejounte Murray deal, then to Phoenix in a salary dump by the Suns (former first-rounder David Roddy was sent to Atlanta). Phoenix subsequently waived Liddell, making him a free agent until he signed a training camp deal with Chicago.

Since the Bulls didn’t release anyone, they still have 18 players under contract, which is the regular season limit.

As we previously relayed, it seems like the team plans to keep Talen Horton-Tucker into the regular season after waiving Onuralp Bitim and Kenneth Lofton, though that could change before Monday’s final cut-down deadline. Horton-Tucker, who has been a standout in preseason, was signed to an Exhibit 10 deal but is ineligible for a two-way contract due to having five years of NBA experience.

Nets Convert Tyrese Martin To Two-Way; Waive Killian Hayes, Amari Bailey

October 19th, 2024 at 9:42am CST by Tristan Tucker

The Nets have converted forward Tyrese Martin to a two-way contract and waived guards Killian Hayes and Amari Bailey, according to HoopsHype’s Michael Scotto and New York Post’s Brian Lewis (Twitter links).

Brooklyn’s roster now stands at the regular season limit of 18 players, with 15 on standard contracts and all three two-way slots filled.

Martin, the No. 51 overall pick in the 2022 draft, spent the first year of his career with the Hawks. He only saw action in 16 games and was waived the following offseason. Martin played last season for the Timberwolves’ G League affiliate in Iowa, averaging 16.9 points and 7.7 rebounds in 39 games.

A former UConn standout, Martin signed to an Exhibit 10 deal with Brooklyn this offseason. He stood out in four preseason appearances with the Nets, averaging just 4.8 PPG but often receiving playing time alongside the Nets’ bench players and other two-ways. He was ahead of Bailey and the other non-guaranteed training camp invitees in minutes.

Hayes spent the first four seasons of his career in Detroit after being drafted with the No. 7 overall pick in 2020. He showed chops as a play-maker, averaging 5.2 assists per game across 210 career appearances, but he only shot 38.2% from the field in those games. After being waived by the Pistons at last season’s trade deadline, he didn’t catch on with another team for the rest of 2023/24.

This offseason, Hayes signed an Exhibit 10 deal with the Nets. While his four years of NBA service made him ineligible for a two-way deal, he’ll still qualify for a bonus worth $77.5K if he spends at least 60 days with Brooklyn’s G League affiliate in Long Island.

Hayes didn’t suit up in a preseason game with the Nets while dealing with a hip injury. According to Charania, he’ll rehab the injury in the G League this season.

Bailey was a one-and-done prospect after suiting up for UCLA in 2022/23. He was the 41st pick in the 2023 draft by the Hornets and spent last season on a two-way deal. However, Bailey only got into 10 NBA games and the Hornets opted not to bring him back in free agency, leading to him signing an Exhibit 10 deal with the Nets.

He played more extensively in the G League as a rookie, averaging an impressive 18.8 points and 4.3 assists on a .452/.358/.705 shooting split. Like Hayes, he’ll be eligible for a $77.5K bonus if he winds up spending at least two months with Long Island.

Given that both players are 23 or younger, there’s a chance the rebuilding Nets could revisit one or both if they open up roster spots via trade this season.

Blazers’ Thybulle Out 3-4 Weeks Due To Knee Procedure

October 18th, 2024 at 7:34pm CST by Luke Adams

Trail Blazers swingman Matisse Thybulle will miss the start of the regular season after undergoing a procedure on Thursday to address inflammation in his right knee, the team announced (via Twitter).

According to the Blazers, Thybulle will resume rehabilitation work on the knee and is expected to be sidelined for three or four weeks.

Thybulle, who was acquired by the Blazers in a trade at the 2023 deadline, appeared in 65 games in his first full season in Portland in 2023/24, making 19 starts and averaging 22.9 minutes per night. His contributions on offense were modest (5.4 PPG on .397/.346/.759 shooting), but he’s a talented, versatile wing defender, having made a pair of All-Defensive Second Teams during his time in Philadelphia.

Even if Thybulle is only out for the next three weeks, he’ll miss the first 10 games of Portland’s season, so the team will need to get by without him on the wing until then. The Blazers will also be without Shaedon Sharpe to open the season due to a shoulder injury.

With Thybulle on the shelf, second-year forward Toumani Camara should play more minutes behind veteran starters Deni Avdija and Jerami Grant, or even alongside them. Camara has impressed during the preseason and was pushing for a bigger role before Thybulle’s injury, as Sean Highkin of The Rose Garden Report details in a Substack article.

Reserves Jabari Walker, Kris Murray, and Dalano Banton are among the other candidates to move up the depth chart in Thybulle’s absence.