NBA Rumors - HoopsRumors.com

Suns Re-Sign Damion Lee To One-Year Contract

July 3rd, 2024 at 7:16pm CST by Rory Maher

7:16pm: Lee has officially re-signed with the Suns, per NBA.com’s transaction log.

1:04pm: Lee’s new deal is for the veteran’s minimum, tweets Gerald Bourguet of PHNX Sports. He’ll earn slightly less ($2.8MM) than he would’ve on his option, while the Suns’ cap hit will be just $2.09MM instead of $2.85MM, saving them some additional money in tax penalties.

11:23am: Free agent guard Damion Lee is re-signing with the Suns on a one-year contract, tweets ESPN’s Adrian Wojnarowski.

Lee became an unrestricted free agent when he declined his $2.85MM player option for 2024/25 on Saturday. However, he’s returning to Phoenix on a new one-year deal.

A former undrafted free agent who played college ball at Drexel and Louisville, Lee missed the entire ’23/24 season after suffering a meniscus tear in his right knee, which ultimately required surgery.

Lee, 31, initially signed a one-year, minimum-salary contract to join the Suns in the summer of 2022. He then inked a one-and-one contract with Phoenix last summer. During his healthy season with the Suns in ’22/23, Lee averaged 8.2 PPG and 3.0 RPG on a .442/.445/.904 shooting line across 74 contests (20.4 MPG).

Lee started his professional career in the NBA G League before signing a pair of 10-day deals and then later a rest-of-season contract with Atlanta in 2018. He spent the next four years with Golden State, winning a championship with the Warriors as a role player in 2022. He holds career averages of 8.2 PPG and 3.4 RPG on .436/.379/.878 shooting in 290 games, including 58 starts (20.8 MPG).

Rockets Re-Sign Jeenathan Williams To Two-Way Contract

July 3rd, 2024 at 6:39pm CST by Tristan Tucker

The Rockets have re-signed guard Jeenathan Williams to a two-way contract, according to the NBA’s official transaction log. Williams spent the 2023/24 season with Houston on a two-way deal.

In addition to confirming they have re-signed Williams, the Rockets also announced they’ve officially re-signed Jermaine Samuels and Nate Hinton, who each last season on a two-way deal alongside Williams (Twitter link via The Houston Chronicle’s Jonathan Feigen).

It was previously reported that Samuels and Hinton were rejoining the team on Exhibit 10 contracts. So Williams, the only one of the three who received a two-way qualifying offer, is the only one on a two-way deal for now, but Samuels and Hinton are both candidates to be converted at some point, as Feigen previously reported.

In 22 games with Houston last season, Williams averaged 2.9 points. He spent five games at the end of the ’22/23 season with Portland, scoring 10.6 points per game with four starts. Williams played in 11 games (10 starts) with Houston’s G League affiliate — the Rio Grande Valley Vipers — last year, averaging 16.3 PPG and 5.6 RPG.

Hinton played in 15 NBA games, averaging 2.2 points last year. In 37 G League games, he averaged 13.7 PPG, 7.2 RPG and 5.1 APG.

Samuels appeared in 14 games with Houston, averaging 1.4 PPG. Like Williams and Hinton, he played more in the G League, averaging 19.6 PPG and 7.8 RPG in 38 games.

Undrafted center N’Faly Dante is expected to sign a two-way contract from the Rockets, so if he and Williams make it to the opening-night 18-man roster, that would leave just one two-way slot for Samuels, Hinton, and any other Houston camp invitees.

Creighton’s Trey Alexander Signs Two-Way Deal With Nuggets

July 3rd, 2024 at 6:26pm CST by Alex Kirschenbaum

JULY 3: Alexander has officially signed his two-way contract with Denver, per NBA.com’s transaction log.

JUNE 27: Creighton guard Trey Alexander has agreed to sign a two-way deal with the Nuggets, sources tell Harrison Wind of DNVR Sports (via Twitter).

The 6’4″ guard was named a Big East All-Freshman with the Bluejays in 2021/22 and made the All-Big East Second Team in 2023/24. This past season, his best individually in college, the junior averaged 17.6 points per game on .446/.339/.824 shooting splits. He also chipped in 5.7 rebounds, 4.7 assists, and 1.1 steals per bout. Alexander started in all 72 games he played across his final two NCAA seasons.

Denver also agreed to a two-way deal with former Clemson center PJ Hall, a player whom the Nuggets projected as a first-round talent. The team now has just one of its three two-way slots available to be used on another free agent.

It has been an eventful day of roster activity in Denver, as word also broke that the Nuggets are on track to lock up starting point guard Jamal Murray to a four-season, $208MM+ extension once he’s eligible to sign in July.

Nuggets Notes: Caldwell-Pope, Braun, CBA, Westbrook

July 3rd, 2024 at 6:15pm CST by Tristan Tucker

For the second straight summer, the Nuggets lost key pieces to free agency. In 2023, it was Bruce Brown and Jeff Green who departed for paydays after winning a championship with Denver. This offseason, Kentavious Caldwell-Pope left the Nuggets for Orlando.

Losing Brown and Green eventually caught up to the 2023/24 Nuggets, who didn’t see their young bench pieces take the steps forward they’d hoped for. Losing Caldwell-Pope is a massive blow, as he’s proven to be one of the best perimeter defenders in the league, Tony Jones of The Athletic writes.

While replacing Caldwell-Pope isn’t an easy task, it seems like the franchise is eyeing 2022 first round pick Christian Braun for that role. Braun is a solid defender, Jones notes, but he isn’t yet close to what Caldwell-Pope was as a shooter. Elevating 2023 first round pick Julian Strawther to the starting lineup instead while playing Braun starter minutes off the bench could be an option, but he’s not a good enough defender to stay on the floor for long as of yet.

In short, the Nuggets are in a similar place as last season, but have lost Caldwell-Pope and backup point guard Reggie Jackson, Jones observes. They’ll likely target help via the trade market or with small veteran contracts, but the Nuggets still need young players like Braun, Strawther, Peyton Watson, Hunter Tyson, Jalen Pickett and 2024 first rounder DaRon Holmes to show development sooner rather than later.

We have more on the Nuggets:

Braun might be ready to step into the starting lineup, Bennett Durando of The Denver Post writes. While he’s a different player than Caldwell-Pope, Braun is bigger, can hold his own in the post and could reasonably be on his way to being recognized in the same category of defender as KCP. Durando observes that Braun — a career 37.3% shooter from deep — is actually a solid above-the-break shooter, but in order to replace KCP offensively, he’ll have to specifically improve his corner outside shot.
Every team is navigating the new CBA landscape and Denver is no different. Speaking to reporters during free agency’s moratorium period, assistant general manager Tommy Balcetis cited the complications the new CBA provides. “I think it’s going to be a fun challenge for a lot of teams,” Balcetis said, via Durando. “We’re trying to be ahead of it in so many ways. I think that there’s going to be missteps along the way for every team really, to kind of start to calibrate where the CBA is going to lead us. … That’s why I think this particular free agency and draft period is a little different for everybody. Because all of a sudden, now there are going to be rules and regulations in place that are going to make teams find an edge that maybe they weren’t able to find before.“
One option rumored in recent days for the Nuggets to shore up their point guard play would be a trade for Russell Westbrook, which Nikola Jokic has reportedly advocated for. Durando makes the case for Westbrook in a separate Denver Post story, writing that he fills a positional need and is affordable, though he doesn’t space the floor.

Celtics Re-Sign Drew Peterson To Two-Way Contract

July 3rd, 2024 at 4:24pm CST by Luke Adams

The Celtics have re-signed forward Drew Peterson to a two-way contract, per NBA.com’s transaction log.

Peterson, 24, went undrafted in 2023 after spending two seasons at Rice and three at USC. He signed an Exhibit 10 contract with Miami and began the season in the fall with the Sioux Falls Skyforce, the Heat’s G League affiliate, before signing a two-way deal with Boston in December.

Although Peterson remained under contract with the Celtics for the rest of the season, he appeared in just three games at the NBA level, spending most of the year in Maine with Boston’s NBAGL team. In 51 total games for Sioux Falls and Maine, he averaged 15.5 points, 6.6 rebounds, and 5.1 assists in 34.3 minutes per contest, posting a shooting line of .474/.373/.836.

Peterson was among the players to receive a two-way qualifying offer ahead of Saturday’s deadline, making him a restricted free agent. He likely simply accepted that qualifying offer – equivalent to another one-year, two-way contract – rather than negotiating a new deal.

With Peterson back on the roster, the Celtics are poised to bring back at least 14 of the 17 players who finished the season on the 18-man roster. Only Oshae Brissett, Svi Mykhailiuk, and JD Davison are unsigned.

Stanley Johnson Joining Turkish Club Anadolu Efes

July 3rd, 2024 at 4:09pm CST by Tristan Tucker

Former NBA forward Stanley Johnson has agreed to a contract with Anadolu Efes, Michael Scotto of HoopsHype reports (Twitter link).

As Scotto observes, the Turkish club has won two of the last four EuroLeague championships, with former NBA players like Shane Larkin, Daniel Oturu, Vincent Poirier and Ante Zizic among the key contributors across that stretch.

Johnson spent last season in the G League with the Stockton Kings after having been in the NBA for the previous eight years. In 34 G League games in 2023/24, Johnson averaged 14.4 points per game and shot 39.5% from deep. Now, he’s heading overseas for the first time in his career.

The No. 8 overall pick in 2015, Johnson spent the first three-and-a-half years of his career with the Pistons. He bounced around the league after that, going through stints with the Pelicans, Raptors, Lakers and Spurs. In 449 career games (104 starts), the 28-year-old Johnson holds career averages of 6.2 points and 3.1 rebounds.

Warriors Sign Reece Beekman To Two-Way Contract

July 3rd, 2024 at 3:43pm CST by Alex Kirschenbaum

JULY 3: Beekman’s two-way contract has been officially completed, according to the transaction log at NBA.com.

JUNE 27: The Warriors are signing former Virginia point guard Reece Beekman to a two-way contract, sources inform Shams Charania of The Athletic (via Twitter).

Last season, the 6’3″ senior posted averages of 14.3 points, 6.2 assists, 3.6 rebounds, 2.0 steals and 0.5 blocks per night while starting all of his 34 games.

The 22-year-old was twice named the ACC Defensive Player of the Year across his past two seasons with the Cavaliers, and was a three-time ACC All-Defensive player overall. He was named to the All-ACC Second-Team in 2024 and the All-ACC Third-Team in 2023.

However, Beekman’s jump shot could use some work. For his entire collegiate career, he averaged shooting splits of .429/.319/.767. Only once did he connect on at least 35% of his three-point tries, as a junior in 2022/23. That year, Beekman shot 35.1% from long range on a fairly modest 2.4 attempts per game.

After not making a pick on day one of the draft, the Warriors added Boston College center Quinten Post at No. 52 on day two before heading to the undrafted free agent market and reaching a deal with Beekman.

Mason Plumlee Signs One-Year Deal With Suns

July 3rd, 2024 at 3:41pm CST by Dana Gauruder

JULY 3: Plumlee has officially signed with the Suns, according to NBA.com’s transaction log.

JUNE 30: The Suns have reached a one-year agreement with free agent center Mason Plumlee, ESPN’s Adrian Wojnarowski tweets. He’ll be signing for the 10-year veteran’s minimum worth approximately $3.3MM, Michael Scotto of HoopsHype tweets.

Phoenix entered the market looking for frontcourt depth after Drew Eubanks declined his player option in order to test the free agent waters.

Plumlee will be playing for his seventh team since entering the league during the 2013/14 season. He has had stints with Brooklyn, Portland, Denver, Detroit, Charlotte and the Los Angeles Clippers.

The Hornets dealt him to the Clippers at the 2023 trade deadline. This past season, Plumlee appeared in 46 games (11 starts) and averaged 5.3 points, 5.1 rebounds and 1.2 assists in 14.7 minutes per game.

Plumlee is a traditional center who doesn’t venture outside the arc but he’s always been a solid rebounder, passer and screener. A notoriously poor free throw shooter, he’s improved in that aspect during the last two seasons. Plumlee sank 70.7% of his attempts last season.

Phoenix is operating over the second tax apron and can only offer minimum deals to free agents. The Clippers will now be looking for a replacement for Plumlee.

Timberwolves Sign Joe Ingles To One-Year Contract

July 3rd, 2024 at 2:34pm CST by Luke Adams

JULY 6: The Timberwolves officially confirmed in a press release that they’ve signed Ingles.

JULY 3: Free agent forward Joe Ingles has an agreement in place with the Timberwolves on a one-year contract, reports Adrian Wojnarowski of ESPN (Twitter link).

While Wojnarowski doesn’t specify the financial details, Minnesota’s position relative to the second tax apron means the team an only offer the veteran’s minimum, so it’ll be a one-year, minimum-salary deal for Ingles.

Ingles spent last season in Orlando following eight years in Utah and one in Milwaukee. He averaged 4.4 points, 3.0 assists, and 2.1 rebounds in 17.2 minutes per game across 68 appearances off the bench for the Magic in 2023/24, becoming an unrestricted free agent after the club declined his $11MM option on Saturday.

Ingles, who will turn 37 before opening night, is unlikely to play big minutes in Minnesota, but he brings value as a shooter (.410 career 3PT%), a secondary ball-handler and play-maker, and as a veteran leader who has the size to defend forwards and bigger wings.

That skill set made Ingles a top target for Tim Connelly and the front office with the team set to lose Kyle Anderson in free agency, tweets Jon Krawczynski of The Athletic. Moving to Minnesota will give Ingles the opportunity to reunite with Mike Conley and Rudy Gobert, his former teammates with the Jazz.

A minimum-salary contract will pay Ingles a salary of $3,303,771 in 2024/25 while the Wolves take on a cap hit of $2,087,519.

FA/Trade Rumors: Sixers, Heat, DeRozan, Warriors, Markkanen, Lakers, More

July 3rd, 2024 at 2:14pm CST by Luke Adams

Signs are pointing toward Paul Reed being traded or waived rather than returning to the Sixers, according to Keith Pompey of The Philadelphia Inquirer, who notes that waiving Reed or using his pseudo-expiring $7.7MM contract as a trade chip would allow the team to maximize its cap room. Pompey adds that Philadelphia has had discussions with free agent forward Haywood Highsmith, while Barry Jackson of The Miami Herald tweets that the 76ers have also “poked around” on Caleb Martin.

Although the Heat remain in the mix for both of their free agents and could technically make Martin and Highsmith big offers, they’ve told people they don’t intend to surpass the second tax apron due to the roster-building restrictions that second-apron teams face, says Jackson (Twitter link). That limits Miami’s ability to make a competitive offer to either player.

Despite the Heat’s financial restrictions, Jovan Buha of The Athletic has heard from league sources that Miami is viewed as the “slight” favorite to land DeMar DeRozan. The team doesn’t have the spending flexibility to make it work without additional moves, but DeRozan likes the idea of playing for the Heat and the two sides have remained in touch, tweets Jackson.

Here are a few more rumors and notes related to the trade and free agent markets:

The Warriors and Spurs are considered the most serious suitors for Jazz forward Lauri Markkanen, according to Chris Haynes of Bleacher Report (video link), who says Golden State has been the most aggressive team in its pursuit of Markkanen.
Appearing on SportsCenter on ESPN (Twitter video link), Adrian Wojnarowski said the Lakers aren’t interested in using their tradable draft picks just to move off contracts, but would be open to including draft assets for a quality player. However, they’re not pursuing a deal for a high-salary impact player, since they’re skeptical the three-star model is feasible under the new CBA, Wojnarowski explains.
While a report on Monday suggested the Nets are open to reuniting with Lakers guard D’Angelo Russell, sources tell Brian Lewis of The New York Post that’s not expected to happen.
In an appearance on Sactown Sports 1140 (YouTube link), Sam Amick of The Athletic said that he’s skeptical the Kings will land Markkanen or Pelicans forward Brandon Ingram, noting that Sacramento still appears to be taking a hard line in its desire to keep Keegan Murray off the table in trade talks. “I don’t know how long the list of guys is that they would give Keegan up for, but it’s not anybody currently available on the market,” Amick said.