Newsstand Rumors | Hoops Rumors

Bucks Acquire Beverley From Sixers For Payne, Second-Rounder

February 8th, 2024 at 8:38pm CST by Rory Maher

8:38pm: The Bucks and Sixers have each put out a press release officially confirming the deal.

12:43pm: The Bucks are acquiring Patrick Beverley from the Sixers, he announced (via Twitter). Philadelphia will receive Cameron Payne and Milwaukee’s 2027 second-round pick, according to reports from Adrian Wojnarowski of ESPN and Shams Charania of The Athletic (All Twitter links).

Both players are on expiring minimum-salary contracts, so neither the Bucks nor the 76ers will have financial commitments to the veteran guards beyond this season.

The Bucks have reportedly been scouring the trade market in search of help on the defensive end. The team is currently 33-18, but Milwaukee ranks just 18th in the league in defense.

Beverley, 35, is a three-time All-Defensive team member, and while he’s no longer in his prime, he still ranks as a positive contributor on that end. It’s worth noting that Beverley previously played under new Bucks head coach Doc Rivers while they were employed by the Clippers.

As Ira Winderman of The South Florida Sun Sentinel tweets, sending out a defensive-minded veteran like Beverley might mean Philadelphia is confident about signing Kyle Lowry via buyout. Lowry is currently on the Hornets after being traded by the Heat.

Jake Fischer of Yahoo Sports reported (via Twitter) on Thursday afternoon that Milwaukee was looking at Jazz guard Kris Dunn and Pelicans wing Naji Marshall to improve its defense. Perhaps the asking price for Dunn was too steep, and the Bucks decided to pivot to Beverley.

Payne, 29, is a former lottery pick who didn’t find much success over his first four seasons, but he resurrected his NBA career after a solid multiyear stint with Phoenix. Payne was traded to San Antonio in the offseason, waived, and then signed a one-year deal with Milwaukee. He has averaged 6.2 points and 2.3 assists while shooting 39.7% from three-point range in 47 games this season (14.9 minutes).

Suns Acquire Royce O’Neale In Three-Way Deal

February 8th, 2024 at 7:22pm CST by Dana Gauruder

7:22pm: The trade is official, according to a press release from the Grizzlies, who classified the draft asset they’re getting from the Suns as a “future first-round pick swap.”

Memphis will be able to swap its own 2026 first-round pick for the least favorable of the Suns’, Wizards’, and Magic’s first-rounders that year, tweets Chris Herrington of The Daily Memphian.

As previously reported, Brooklyn waived Thaddeus Young and Memphis cut Victor Oladipo to make room on their respective rosters for the incoming players.

4:58pm: The Suns hung onto Boston’s 2028 second-round pick, tweets Gambadoro, which means the three future second-rounders they’re sending Brooklyn are as follows:

Either the Pistons’, Bucks,’ or Magic’s 2026 second-round pick (whichever is least favorable).
The Grizzlies’ 2028 second-round pick.
The Grizzlies’ 2029 second-round pick.

12:18pm: The Nets are finalized a trade to send forward Royce O’Neale to the Suns for matching salaries and three second-round picks, Shams Charania of The Athletic tweets.

Phoenix is also acquiring forward David Roddy from the Grizzlies in exchange for a pick swap, Charania adds. (Twitter link).

The Suns are sending out Keita Bates-Diop, Yuta Watanabe, Jordan Goodwin and Chimezie Metu, John Gambadoro of 98.7 FM Phoenix tweets. They are all on minimum salary deals.

Watanabe and Metu will head to the Grizzlies, while Brooklyn will acquire Bates-Diop and Goodwin, per Duane Rankin of The Arizona Republic (Twitter link).

O’Neale is in the final year of a four-year, $36MM contract and could enter unrestricted free agency this summer with full Bird rights. He’s making $9.5MM this season.

He’ll be extension eligible with the Suns for a maximum of two-years and $20.5MM, Yossi Gozlan of Hoops Hype tweets.

Roddy is making $2.72MM this season and already had $4.83MM option for next season picked up by Memphis. Phoenix can use the $4,975,371 traded player exception it generated in the Dario Saric trade with Oklahoma City last season to absorb Roddy’s salary. That exception expires on Friday.

The Suns were considered the top suitor for the Hornets’ Miles Bridges. However, Bridges reportedly told Charlotte’s front office he wouldn’t approve any trade. Phoenix pivoted to O’Neale, who will immediately jump into its rotation.

O’Neale gives Phoenix a playoff-tested, defensive-minded veteran. He has been coming off the bench most of this season but could slot into Phoenix’s star-laden lineup if the Suns want to use Grayson Allen in a sixth-man role.

O’Neale is averaging 7.4 points, 4.5 rebounds and 2.8 assists in 24.5 minutes per game this season. He’s a career 38.1% 3-point shooter and should get plenty of open looks playing with Phoenix’s stars.

Phoenix will see its luxury tax bill rise by $13.5MM, Gozlan tweets. Overall, the Suns will have a payroll and luxury tax penalty adding up to more than $254.5MM this season, Gozlan notes in another tweet.

By swapping out four players for a pair, Phoenix will also have to add another player to reach the league minimum or 14. That will also increase their tax bill.

Watanabe and Bates-Diop are signed through next year. Metu has an expiring contract and Goodwin’s contract includes a team option for next season.

Wizards Trade Daniel Gafford To Mavericks

February 8th, 2024 at 7:12pm CST by Arthur Hill

7:12pm: The trade sending Gafford to the Mavericks in exchange for Holmes and a 2024 first-round pick is official, the Wizards announced in a press release.

Washington will be receiving the second-least favorable of the Thunder’s, Clippers’, Rockets’ (top-four protected), and Jazz’s (top-10 protected) 2024 first-rounders.

12:11pm: The Mavericks will be acquiring the Thunder’s second-least favorable 2024 first-round pick in order to reroute it to the Wizards, reports Stein (Twitter link). Details on that separate deal can be found right here.

10:25am: The Mavericks are nearing a deal to acquire Daniel Gafford from the Wizards in exchange for Richaun Holmes and draft picks, tweets Adrian Wojnarowski of ESPN.

Dallas has been in the market for another big man and lands a reliable rim protector in Gafford, who has been Washington’s starting center for the better part of the last three seasons. The 25-year-old is posting career highs across the board with 10.9 points, 8.0 rebounds, 1.5 assists, 1.0 steals and 2.2 blocks through 45 games.

Gafford is under contract on a team-friendly deal at $12.4MM this season, $13.4MM next season and $14.4MM for 2025/26. He will fortify the Mavericks’ front court and will likely split time at center with rookie Dereck Lively II.

Holmes, 30, was acquired from the Kings last offseason but never established himself as part of the Mavs’ rotation. He appeared in 23 games, starting two, and averaged 3.4 points and 3.4 rebounds in 10.3 minutes per night. He’s making $12MM this year and holds a $12.9MM player option for next season.

The Mavericks are trying to acquire draft assets from other teams so they can send them to Washington to complete the trade, sources tell Marc Stein (Twitter link). Stein adds that Dallas is close to a deal with the Thunder for draft compensation that will be relayed to the Wizards (Twitter link).

Mavericks Acquire P.J. Washington From Hornets

February 8th, 2024 at 6:43pm CST by Arthur Hill

6:43pm: The deal is official, according to press releases from both teams. The Hornets’ announcement indicates that the two draft picks they sent to Dallas are second-rounders in 2024 and 2028.

Charlotte’s lone 2024 second-round selection is Boston’s pick, so that will presumably be the one headed to the Mavericks. The Hornets own the Clippers’ 2028 second-rounder as well as their own, so it’s unclear which of those was included in the deal.

The Hornets didn’t announce in their press release which player they waived to complete the one-for-two trade, but an earlier report stated that James Bouknight was being let go.

12:07pm: The Hornets will send P.J. Washington to the Mavericks in exchange for Grant Williams, Seth Curry and a first-round pick, tweets Shams Charania of The Athletic.

The pick will be Dallas’ 2027 selection, which will be top-two protected, Charania adds (Twitter link). In return, the Mavs will get two second-rounders from Charlotte.

Dallas was willing to part with its last tradeable first-rounder so it could keep Josh Green out of the deal, sources tell Marc Stein (Twitter link).

Washington provides Dallas with a reliable frontcourt scorer on a manageable long-term contract. He’s signed through the 2025/26 season with annual salaries of $16.8MM, $15.5MM and $14.1MM and has a bonus of $500K if he plays at least 74 games or 2,400 minutes, which is considered unlikely, according to Bobby Marks of ESPN (Twitter link).

The 25-year-old forward has been with Charlotte since being selected with the 12th pick in the 2019 draft. He was used mainly off the bench this year after starting last season and was averaging 13.6 points, 5.5 rebounds and 2.2 assists in 44 games.

The Mavericks find a way to move off the four-year deal they gave Williams last summer in a sign-and-trade with Boston. He’s making $12.4MM this year and is owed $13MM, $13.6MM and $14.2MM over the next three seasons. Williams, 25, hadn’t provided the fit that Dallas was hoping for and was averaging just 8.1 points and 3.6 rebounds in 26.4 minutes per night.

Curry, who heads to his hometown in the trade, is effectively an expiring contract as his $4MM salary for next season is non-guaranteed. The 33-year-old shooting specialist appeared in 36 games after signing with the Mavericks last summer, but was averaging just 4.3 PPG and playing 12.7 minutes per night.

Sixers, Pacers, Spurs Complete Hield, McDermott Deals As Three-Team Trade

February 8th, 2024 at 6:40pm CST by Luke Adams

The Pacers, Sixers, and Spurs have folded a pair of separate trade agreements into a single transaction, announcing in a series of press releases that the deals sending Buddy Hield to Philadelphia and Doug McDermott to Indiana have been officially completed as a three-team trade.

The Pacers initially agreed to acquire Marcus Morris, Furkan Korkmaz, three second-round picks, and cash from Philadelphia in exchange for Hield, then reached a deal to flip Morris, one of those second-rounders to San Antonio, and cash for McDermott. Those three pieces will go directly to the Spurs instead.

Here are the full details:

Sixers acquire Hield.
Pacers acquire McDermott, Korkmaz, the Raptors’ 2024 second-round pick (from Sixers), the Trail Blazers’ 2029 second-round pick (from Sixers), and cash (from Sixers).
Spurs acquire Morris, the Clippers’ 2029 second-round pick (from Sixers), and cash (from Sixers).

The 2024 second-round pick going from Philadelphia to Indiana technically includes “most favorable” language and could come from a different team, but there’s essentially no chance it won’t be Toronto’s second-rounder, given their place in the standings.

Folding the two trades into one deal doesn’t materially change much, but it will introduce one notable new wrinkle. If Morris had been traded to Indiana, then sent to San Antonio in a separate deal, he would’ve been eligible to re-sign with the Sixers in the event the Spurs buy him out. However, due to the structure of the deal, he now won’t be permitted to sign with Philadelphia if he’s waived by San Antonio.

A player is prohibited from rejoining a team that traded him if his new team waives him, but if he’s traded twice before being cut, he’s only ineligible to join the club that traded him most recently.

Korkmaz, who is being waived by the Pacers, will also be prohibited from re-signing with the Sixers, though as we noted in a separate story, that was never a likely outcome.

For more details on the Hield and McDermott deals, check out our full stories on the trade agreements.

Hornets To Cut James Bouknight

February 8th, 2024 at 4:55pm CST by Luke Adams

The Hornets have decided to part ways with former lottery pick James Bouknight, who will be placed on waivers, according to Shams Charania of The Athletic (Twitter link).

Charlotte has to make multiple cuts today, since the team agreed to trade Gordon Hayward for three players and P.J. Washington for two.

The 11th overall pick in the 2021 draft, Bouknight never developed into a reliable rotation player for the Hornets, averaging 4.8 points and 1.7 rebounds in 11.4 minutes per game across 79 career appearances. His shooting line during that time was just .363/.335/.762.

Bouknight also had some legal troubles after making his NBA debut and has battled injuries. The 23-year-old underwent surgery to repair a meniscus injury in his left knee in October, which delayed his debut this season.

The Hornets declined their fourth-year option for 2024/25 on Bouknight, so he’s on an expiring contract and will count against Charlotte’s cap for $4.57MM in ’23/24. The team won’t be on the hook for any money for him beyond this season.

Bouknight will be eligible to sign with any team after clearing waivers.

Pistons Waive Killian Hayes

February 8th, 2024 at 4:31pm CST by Luke Adams

4:31pm: The Pistons have officially waived Hayes, the team confirmed today (Twitter link).

12:57pm: Former lottery pick Killian Hayes will be released by the Pistons, according to a report from James L. Edwards III and Shams Charania of The Athletic (Twitter link).

The seventh overall pick in the 2020 draft, Hayes entered the NBA with a reputation for being a solid defender and passer whose offensive game was a work in progress. That’s essentially still the case, as his shooting percentages have increased only marginally over the course of his four NBA seasons.

Hayes averaged 6.9 points, 4.9 assists, and 2.8 rebounds in 24.0 minutes per game across 42 appearances (31 starts) this season, with a shooting line of .413/.297/.660. Those field goal and three-point percentages actually represent career bests.

The Pistons reportedly explored the trade market for Hayes prior to Thursday’s deadline – talking to the Grizzlies, among other teams – but apparently didn’t find a deal to their liking. The team agreed to a series of trades that will bring in seven players while sending out three, so the 22-year-old guard will be a victim of the roster crunch, joining Joe Harris among those waived.

Cutting Hayes and Harris will put the Pistons in position to complete at least one and potentially two of their three reported trade agreements. They’ll need to waive two more players to finalize all three deals, but those last two cuts could come from their group of newly acquired players.

Hayes will be eligible to sign with any NBA team if and when he clears waivers, since his salary is well shy of this season’s non-taxpayer mid-level exception.

Nets Waiving Thaddeus Young

February 8th, 2024 at 4:25pm CST by Tristan Tucker

The Nets aren’t keeping Thaddeus Young after acquiring him from Toronto in the swap that brought Dennis Schröder to Brooklyn. According to HoopsHype’s Michael Scotto (Twitter link), Brooklyn is waiving Young.

The move will clear the roster space necessary to complete Brooklyn’s Royce O’Neale trade. In that move, the Nets are bringing in Keita Bates-Diop and Jordan Goodwin, so they needed to make a cut to avoid exceeding the 15-man roster limit.

Young is on an expiring $8MM contract, meaning if he clears waivers, he’s among the appealing veteran options who are eligible to sign with teams over the tax apron since his contract fall short of the mid-level exception. He won’t be eligible to sign with the Raptors, but any other team could be an option.

Young, 35, averaged 5.0 points, 3.3 rebounds and 2.0 assists this season across 23 games (six starts) with the Raptors this season. Toronto originally acquired Young in a 2022 deadline deal, later re-signing him. He averaged 5.0 PPG in parts of three seasons with the Raptors.

Knicks’ Anunoby Out At Least Three Weeks After Elbow Surgery

February 8th, 2024 at 4:17pm CST by Rory Maher

Knicks forward OG Anunoby underwent right elbow surgery to remove a loose bone fragment and is out at least three weeks, sources tell ESPN’s Adrian Wojnarowski (Twitter link). The team confirmed the news (via Twitter), stating that Anunoby will be reevaluated in three weeks.

According to Woj, the procedure is considered relatively minor. Anunoby tried to see if rest would heal the injury, but it was determined surgery was ultimately the best route to take to be fully healed ahead of the playoffs (Twitter link).

Anunoby last played on January 27 and has missed the past five games with the injured elbow. Based on the three-week timeline, he will miss a minimum of eight more contests, including Thursday’s game vs. Dallas.

The good news is that the All-Star break is next week, and the Knicks don’t play from February 15-21.

Ian Begley of SNY.tv reported earlier today that New York was motivated to add wing depth in part due to concern over Anunoby’s injury. Prior to the deadline, the Knicks traded for Bojan Bogdanovic and Alec Burks.

Anunoby, 26, was acquired from Toronto in a previous in-season trade. The defensive stalwart had an excellent start to his Knicks career, averaging 15.6 PPG, 4.6 RPG, 1.8 SPG and 1.1 BPG on .516/.391/.842 shooting. He’s set to hit unrestricted free agency in the offseason.

With Anunoby and Julius Randle (dislocated right shoulder) sidelined, Josh Hart, Precious Achiuwa, Bogdanovic and Burks will likely receive the majority of the minutes at the two forward spots, though Burks also plays guard.

Pistons Trade Bojan Bogdanovic, Alec Burks To Knicks

February 8th, 2024 at 3:09pm CST by Rory Maher

3:09pm: The trade is official, per announcements from the Pistons and Knicks.

The two second-rounders headed to Detroit in the deal will be 2028 and 2029 picks, tweets Fred Katz of The Athletic. Those picks will be New York’s own, according to Omari Sankofa II of The Detroit Free Press.

The Pistons didn’t officially announce any cuts in their press release, but previous reporting indicated they’re waiving Killian Hayes, Joe Harris, and the newly acquired Danuel House. Arcidiacono will likely also be released after being acquired from New York, per James L. Edwards III of The Athletic (Twitter link).

10:27am: The Pistons and Knicks are finalizing a trade that will send Bojan Bogdanovic and Alec Burks to New York in exchange for Quentin Grimes, Evan Fournier, Malachi Flynn, Ryan Arcidiacono, and two second-round picks, according to Adrian Wojnarowski of ESPN (Twitter link).

Bogdanovic (41.5%) and Burks (40.1%) are two strong three-point shooters who will help bolster New York’s rotation, particularly when it comes to scoring and spacing the floor. Burks, 32, is an impending unrestricted free agent, while Bogdanovic’s $19MM salary for 2024/25 is only partially guaranteed for $2MM.

However, as Fred Katz of The Athletic tweets, the Knicks are expected to fully guarantee Bogdanovic’s contract for next season, possibly to flip him to a new team in the summer or during the ’24/25 season. Burks, meanwhile, was favorite of head coach Tom Thibodeau during his first stint in New York from 2020-22, Katz observes (via Twitter).

Once the deal is official, the Knicks will have two open roster spots and will be about $2.5MM below the luxury tax threshold, tweets ESPN’s Bobby Marks. They’ll have plenty of flexibility to sign players on the buyout market, Marks observes, since they’re well below the first tax apron.

Flynn cannot be aggregated with other salaries in a trade, but the outgoing contracts of Grimes, Fournier and Arcidiacono are just enough to cover the money owed to Bogdanovic and Burks. That means the Knicks will create a traded player exception worth $3,873,025, which is Flynn’s cap hit.

According to Ian Begley of SNY.TV (Twitter link), the Knicks were motivated to add depth on the wing in part due to concern over OG Anunoby‘s right elbow injury. As Begley notes, New York recently changed Anunoby’s injury status from elbow inflammation to bone spur irritation. Anunoby has missed the past five games with the injury and will miss his sixth straight contest tonight against Dallas.

As for the Pistons, they’ve been extremely active leading up to the 2:00pm CT deadline, and they will need to cut two players to complete this trade.

James Edwards III of The Athletic hears rival teams were unwilling to meet Detroit’s asking price for Bogdanovic, and the Pistons felt Grimes was more valuable than any picks being offered (Twitter link). According to Edwards, the Knicks “have been unwilling to trade firsts to any team,” with New York likely saving its draft arsenal to chase a star player in the future.

That reporting suggests the trade, from Detroit’s perspective, could be viewed as Bogdanovic for Grimes, with Burks netting two second-round picks.

Grimes, 23, is in the third season of his rookie scale contract, and was reportedly open to a change of scenery after having his role reduced in 2023/24. He showed plenty of 3-and-D upside last season, however, averaging 11.3 points, 3.2 rebounds and 2.1 assists while frequently defending opposing teams’ top perimeter scorers. He’ll make $4.3MM next season and will be eligible for a rookie scale extension in the 2024 offseason.

While Grimes was a regular contributor for New York, Fournier, Flynn and Arcidiacono hardly played at all for the Knicks. Fournier has been openly seeking a trade for well over a year — his wish was finally granted, but it’s unclear if he’ll have a role for the Pistons. They’ll hold a $19MM team option on his contract for next season, which could be useful for salary-matching purposes in the future, if they decide to retain him.