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Knicks Officially Complete Three Roster Moves

November 5th, 2024 at 2:06pm CST by Luke Adams

The Knicks have formally completed a trio of roster moves, per the NBA’s official transaction log. The three moves, which were previously reported, are as follows:

Signed Matt Ryan to a standard contract (story)
Promoted Ariel Hukporti from a two-way contract to a standard contract (story)
Signed Boo Buie to a two-way contract (story)

As we detailed in our individual stories on the signings, the Knicks had been carrying 12 players on standard contracts and had to get to 14 by Tuesday, since teams are only permitted to carry fewer than 14 players on their standard rosters for up to 14 days at a time. New York had done so since the regular season begin two weeks ago.

Elevating Hukporti from his two-way deal to the standard roster created a two-way opening, which the Knicks filled by signing Buie. The team now has 17 total players under contract.

Ryan’s new deal with the Knicks is a one-year, minimum-salary contract that is non-guaranteed, per Ian Begley of SNY.tv and Stefan Bondy of The New York Post (Twitter links). The first year on Hukporti’s new contract, previously said to be a two-year deal with a second-year team option, is also non-guaranteed, Begley adds (via Twitter).

Ryan’s prorated cap hit is $1,919,558, while Hukporti’s is $1,064,049. Those two cap charges bump the Knicks’ total team salary to $188,350,128, giving the team nearly $581K in breathing room below its $188,931,000 hard cap.

New York could swap in a new 14th man by waiving Ryan before his salary becomes fully guaranteed on January 7. If Ryan remains on the roster and the team doesn’t make any trades, the front office will have to wait until February 25 to be able to squeeze in a 15th man on a veteran’s minimum contract below the hard cap, tweets ESPN’s Bobby Marks.

Landry Shamet is a player to watch over the course of the season, since he appeared to be on track to claiming a roster spot out of training camp before dislocating his shoulder. If he recovers from that injury in the coming months, he could eventually supplant Ryan as the 14th man or fill the open 15th slot (after Feb. 25).

Knicks, Boo Buie Agree To Two-Way Deal

November 5th, 2024 at 8:46am CST by Luke Adams

The Knicks have agreed to sign rookie guard Boo Buie to a two-way contract, sources tell ESPN’s Shams Charania (Twitter link). He’ll fill the two-way slot that is opening up as a result of Ariel Hukporti‘s promotion to the standard roster.

Buie, a 6’2″ guard, went undrafted in June after spending his entire five-year college career at Northwestern. As a super-senior in 2023/24, he averaged 19.0 points, 5.0 assists, 3.3 rebounds, and 1.4 steals in 36.9 minutes per game across 34 starts, posting a shooting line of .438/.434/.858. He was named to the All-Big Ten first team in both 2023 and 2024.

Reporting on draft night indicated that Buie would sign an Exhibit 10 contract with Phoenix, but he ended up signing an Exhibit 10 deal with the Knicks instead. He was in camp with the team just briefly and reported to the Westchester Knicks – New York’s G League affiliate – this fall.

While Buie will likely still spend plenty of time in Westchester, his new two-way deal will also allow him to play for the Knicks’ NBA squad and will give him a significant salary bump. Assuming the signing is officially finalized on Tuesday and he spends the rest of the season on that two-way contract, the 24-year-old will earn $532,025.

Signing Buie to a two-way contract means the Knicks intend to sign Matt Ryan to a standard deal. Word broke on Monday that New York had agreed to sign Ryan, but it wasn’t clear if the veteran sharpshooter would be added to the main roster along with Hukporti or if he’d fill the open two-way slot. We know now it’s the former.

The Knicks’ other two-way players are Jacob Toppin and rookie Kevin McCullar.

Nuggets Have Interest In Lonnie Walker

November 4th, 2024 at 8:09pm CST by Dana Gauruder

The Nuggets could pursue Lonnie Walker IV at some point during the season, Marc Stein reports in his latest Substack article.

Walker chose to sign with Zalgiris Kaunas in the EuroLeague last week after he was waived by Boston.

The veteran swingman signed an Exhibit 10 contract with the Celtics in late August in hopes of winning a roster spot in training camp. He reportedly impressed team officials, but Boston is operating under second apron restrictions, so it would have cost roughly $8.8MM in luxury tax penalties to keep Walker, on top of his $2.1MM salary.

Walker’s agent, George S. Langberg, negotiated an unusual buyout in Walker’s contract with the Lithuanian club that enables him come back to any NBA team at a cost of $450K between now and Feb. 18. Real Madrid and Maccabi Tel Aviv were among the other EuroLeague clubs that pursued Walker, but Zalgiris‘ willingness to consent to that clause was a decisive factor for Walker, according to Stein.

The Celtics were hoping Walker would head to their G League affiliate in Maine, but Walker feels he has a better chance of impressing NBA teams by playing in the EuroLeague. Boston reportedly attempted to trade Jaden Springer before the end of camp to open up a spot for Walker.

The Nuggets have depth issues, so Walker could make an impact if they pivoted his way. Denver has a full 15-man roster and all of those contracts are guaranteed, so the Nuggets would have to trade or waive a player to make room for Walker.

Arbitration Hearing To Decide Timberwolves’ Ownership Dispute Begins

November 4th, 2024 at 6:38pm CST by Dana Gauruder

The arbitration hearing to decide the Timberwolves’ ownership dispute began on Monday and is expected to last most of the week. The decision by the three-person arbitration panel is expected to be announced next month, according to ESPN’s Brian Windhorst.

The dispute between minority owners Marc Lore and Alex Rodriguez and principal owner Glen Taylor moved to arbitration in July. A one-day mediation in the spring failed to make any progress, Windhorst writes.

The dispute has been ongoing since the tail end of last season. Taylor nixed the previous tiered payment agreement with Lore and Rodriguez, citing a breach of contract and a failure to meet a payment deadline. Lore and Rodriguez disputed that characterization, stating that they had the funds necessary to become majority owners but were awaiting NBA approval and should have been entitled to an extension.

The third payment in dispute would increase Lore and Rodriguez’ share from 36% to about 80% and the purchase agreement stipulates that they could buy out Taylor’s remaining 20% stake anytime before March 2025.

Windhorst and The Athletic’s Jon Krawczynski provided more details of the process:

If the arbitration panel rules in Taylor’s favor, the process essentially ends. Lore and Rodriguez could remain as limited partners or try to sell their shares. Taylor would have to approve the sale of their shares, according to Krawczynski. However, if Lore and Rodriguez get a favorable ruling. Taylor would be contractually compelled to sell them the controlling share for the previously agreed upon $1.5 billion valuation. The franchise’s value is substantially higher now, which is a major factor in Taylor’s decision to try to halt the sale. Lore and Rodriguez would still need 23 of 30 votes from the league’s owners to finalize the acquisition, since all team percentage transfers are subject to a vote, Windhorst notes.
Those transfer rules could present a sticky situation, due to Taylor’s long-standing relationships with the other owners and commissioner Adam Silver. There have been plenty of back-scene developments due to that possibility, according to Windhorst. Lore and Rodriguez have worked to meet with owners and the league office in recent months to demonstrate their position and attempt to shore up support in the event of a vote. It’s likely that Silver and BOG chairman Larry Tanenbaum will try to build a consensus in lieu of an owners’ vote.
Lore and Rodriguez have been firming up their finances by recruiting billionaires Michael Bloomberg, the former mayor of New York, and Eric Schmidt, the former CEO of Google, as well as private equity firm Dyal Homecourt Partners. They have amassed $950MM in an escrow account for not just the 40% needed to take majority control, but enough to give them 100% ownership of the team.
The team is facing a luxury tax bill of $100MM and total operating losses of more than $150MM this season, according to Krawczynski. That’s one reason why the Timberwolves moved Karl-Anthony Towns in a blockbuster trade with the Knicks.
Team president Tim Connelly could have opted out of his contract this year but agreed to defer the opt-out until the 2025 offseason. If he doesn’t like the direction the way things are going, he could choose to opt out this time around, regardless of who’s running the franchise at that time.

Veteran Guard D.J. Augustin Retires

November 4th, 2024 at 3:58pm CST by Rory Maher

Longtime NBA guard D.J. Augustin has decided to retire as a player, he announced Sunday on Instagram.

“Today, I’m officially announcing my retirement from the game I’ve loved for so long,” Augustin wrote in part. “Basketball has been more than a sport, it has been a journey filled with unforgettable memories, friendships, lessons and experiences beyond the court. … I’m grateful for every high and every low, every team, every city, and every fan who’s supported me and my family along the way.”

Augustin, 36, played two seasons of college ball at Texas prior to being selected No. 9 overall in the 2008 draft. He started his professional career with Charlotte (then called the Bobcats), the team that drafted him, earning a spot on the All-Rookie Second Team in 2008/09.

After spending his first four seasons in Charlotte, the 5’11” point guard became a journeyman, suiting up for the Pacers, Raptors, Bulls, Pistons, Thunder and Nuggets from 2012-16. He then had a productive four-season run with the Magic before bouncing around the league again, making stops with the Bucks, Rockets and Lakers.

Augustin’s career wrapped up in ’22/23, when he signed a rest-of-season deal with Houston, though he didn’t appear in any games during his second stint as a Rocket.

Overall, Augustin appeared in 976 regular season games (334 starts) over the course of his 15 NBA seasons, averaging 9.5 points, 1.8 rebounds and 3.5 assists in 23.4 minutes per contest. He posted a shooting slash line of .412/.381/.867.

Knicks To Sign Matt Ryan

November 4th, 2024 at 12:43pm CST by Rory Maher

The Knicks and free agent forward Matt Ryan have agreed to a contract, reports Michael Scotto of HoopsHype (Twitter link).

ESPN’s Shams Charania (Twitter link) and Ian Begley of SNY.tv have confirmed the news (via Twitter).

According to Begley, while Ryan will definitely be signing with the Knicks, the terms of the contract have yet to be finalized. The 27-year-old could fill New York’s open two-way spot once Ariel Hukporti is officially promoted to a standard deal, or he could be signed to a standard non-guaranteed contract.

New York is currently carrying 12 players on standard contracts to open the season and needs to get to at least 14, the league-mandated minimum, by November 5.

Charania reported just before the season began that Ryan was on the Knicks’ radar, and their G League affiliate in Westchester made him the No. 1 overall pick of the 2024 NBAGL draft a few days later.

A native of White Plains, New York, Ryan spent almost the entire 2023/24 season on a two-way deal with the Pelicans before being converted to a standard multiyear deal on the final day of the regular season. Over the offseason, he waived by New Orleans, re-signed on a new non-guaranteed deal, and then waived again, making him an unrestricted free agent.

Ryan is mostly known for his outside shooting ability, having converted 41.1% of his three-point tries in 63 career games with the Celtics, Lakers, Timberwolves and Pelicans (11.2 MPG). 2024/25 will be his fourth NBA season.

Gregg Popovich Away From Spurs Due To Health Issue

November 4th, 2024 at 10:23am CST by Luke Adams

Veteran head coach Gregg Popovich will remain away from the Spurs after suffering a health issue prior to Saturday’s game vs Minnesota, reports Shams Charania of ESPN. Assistant coach Mitch Johnson will continue to serve as the acting head coach during Popovich’s absence.

The Spurs confirmed the news, issuing a statement to say that Popovich isn’t traveling with the team on its current road trip to Los Angeles and Houston (Twitter link via Michael Scotto of HoopsHype).

San Antonio will face the Clippers on Monday and the Rockets on Wednesday before returning home to host the Trail Blazers on Thursday. It’s not yet known whether Popovich will be able to return to the sidelines at that time or Johnson will continue to coach the team beyond Wednesday.

A league source tells Tom Orsborn of The San Antonio Express-News (Twitter link) that Popovich is “OK” but “just needs rest.”

Popovich is the NBA’s all-time leader in head coaching wins, with a 1,391-824 regular season record (.628). He’s also the league’s oldest active head coach by a significant margin — he’ll turn 76 in January.

Johnson led the Spurs to a victory over the Timberwolves on Saturday as the team’s acting head coach and said after the game that he would stay prepared in the event Popovich wasn’t able to return right away, per Orsborn.

“Mitch did a great job, man,” Spurs point guard Chris Paul said following Saturday’s win, according to Charania. “I think our whole coaching staff (did). Things happen within this league all the time and just like with the players, it’s next man (up). So, shoutout to Mitch; he did a great job tonight.”

Knicks To Promote Ariel Hukporti To Standard Roster

November 4th, 2024 at 8:40am CST by Luke Adams

The Knicks and Ariel Hukporti have reached an agreement on a new standard contract that will promote the rookie center from his two-way deal to the 15-man roster, reports Shams Charania of ESPN (Twitter link).

According to Charania, Hukporti will sign a two-year contract that includes a team option for the 2025/26 season. While Charania doesn’t specify the financial terms, it figures to be a minimum-salary deal.

The 58th overall pick in this year’s draft, Hukporti logged 12 minutes in last Monday’s loss to Cleveland but has otherwise only seen garbage-time action in the early going this season. The 22-year-old has grabbed seven rebounds and blocked four shots in 29 total minutes across four appearances.

Under normal circumstances, the Knicks likely would’ve kept Hukporti on his two-way contract for most or all of his rookie season, but his promotion had been expected for a few weeks due to the team’s hard cap situation.

New York is carrying 12 players on standard contracts to open the season and needs to get to at least 14, the league-mandated minimum, by November 5. However, the team doesn’t have enough flexibility below its hard cap to simply sign two veteran free agents to minimum-salary contracts, meaning at least one of those two roster additions has to be a rookie who was on a two-way deal with the Knicks or whose draft rights the Knicks held. Hukporti had been viewed as the leading candidate since training camp.

If his promotion becomes official on Monday, Hukporti’s first-year cap hit will be $1,070,699, leaving the team approximately $2.5MM below the hard cap, with one more roster addition to come. If the two sides don’t finalize the rookie’s new deal until Tuesday, his 2024/25 cap hit would be $1,064,049.

While the Knicks will have to add one more player to their standard roster by Tuesday, Hukporti’s promotion opens the door for the club to make two additional signings, since it creates a two-way opening. Matt Ryan is considered a strong candidate to join the NBA squad in some capacity, perhaps filling that open two-way slot.

Landry Shamet was expected during the preseason to be part of the Knicks’ regular season roster, but his dislocated shoulder has complicated that plan — it’s possible the team will sign a healthy player to a non-guaranteed contract as its 14th man for now and pivot to Shamet later in the season if and when he has recovered. The veteran wing is currently rehabbing with the Westchester Knicks, New York’s G League affiliate.

Whether the Knicks exercise or decline Hukporti’s 2025/26 option at the end of this season, they’ll be able to make him a restricted free agent when his current contract expires, putting them in position to lock him up to a longer-term contract at that time if his development is trending in the right direction.

Paul George Expected To Make Sixers Debut On Monday

November 3rd, 2024 at 9:45pm CST by Dana Gauruder

Paul George, the most prominent free agent to switch teams this offseason, is expected to make his Sixers debut on Monday, The Athletic’s duo of Sam Amick and Jenna West report.

George has missed the first five regular-season games due to a hyperextended left knee he suffered during a preseason game on Oct. 14. George is officially listed as questionable, the Philadelphia Inquirer’s Keith Pompey tweets, while Joel Embiid remains out.

George, 34, averaged 22.6 points, 5.2 rebounds and 3.5 assists per game for the Clippers last season before joining Philadelphia on a four-year, maximum-salary contract. George was the Sixers’ No. 1 target in free agency after they opened up ample cap space to reshape their roster.

The Sixers sorely need a boost after losing four of their first five games, including home losses to Detroit and Memphis this past week. Philadelphia is embarking on a three-game road trip that begins in Phoenix on Monday.

George’s presence in the lineup will take some pressure off Tyrese Maxey, who is averaging 29.8 points per night.

Embiid has been held out of action due to left knee injury management, which has been a source of controversy. He had an altercation with a Philadelphia Inquirer columnist in the locker room after the Memphis loss.

Jaylen Nowell Signs With Pelicans

November 3rd, 2024 at 11:49am CST by Arthur Hill

NOVEMBER 3: The signing is official, the Pelicans announced in a press release.

NOVEMBER 2: The Pelicans will sign free agent guard Jaylen Nowell, sources tell Michael Scotto of HoopsHype (Twitter link). It’s a non-guaranteed contract, according to Will Guillory of The Athletic (Twitter link).

New Orleans has been hit hard by early-season injuries, so Nowell will provide some much-needed depth. The team announced Friday that Herbert Jones will miss two-to-four weeks with a right shoulder strain and low-grade tear in his rotator cuff, while CJ McCollum will be sidelined two-to-three weeks with a right adductor strain.

That’s in addition to the loss of Dejounte Murray, who’s expected to miss three-to-five more weeks with a broken hand he suffered on opening night, and Trey Murphy, who’s out with a hamstring strain.

Nowell, 25, was in training camp with the Wizards on an Exhibit 10 contract, but was waived last month. He was listed on the camp roster for Washington’s G League affiliate, the Capital City Go-Go.

Nowell played nine games for Memphis last season on a pair of 10-day contracts he signed in late November and early December. He spent most of the year with the Stockton Kings in the G League before returning to the NBA on a pair of two-way deals with Detroit in April.

Nowell was drafted by the Timberwolves with the 43rd pick in 2019 and played his first four NBA seasons in Minnesota. He holds career averages of 8.9 points, 2.2 rebounds and 1.8 assists in 197 games.

The Pelicans have a roster spot open, so they won’t need a corresponding move before finalizing the contract with Nowell. The team has been using a 14-man roster because it’s operating above the luxury tax line and about $4.4MM below its hard cap.