NBA Rumors - HoopsRumors.com

Hornets Sign Edmond Sumner, R.J. Hunter To One-Year Contracts

September 29th, 2023 at 5:18pm CST by Rory Maher

5:18pm: Sumner and R.J. Hunter, whose deal was previously reported, are officially members of the Hornets, according to a press release.

As we previously noted, the team waived three players to create roster space for Sumner, Hunter and Theo Maledon, who is back with Charlotte on a two-way deal. The Hornets are still at 21 players under contract — the offseason maximum — following the transactions.

4:12pm: The Hornets are signing free agent guard Edmond Sumner to a one-year contract, reports Adrian Wojnarowski of ESPN (Twitter link). Sumner will be vying for a roster spot in training camp, Wojnarowski adds.

According to Rod Boone of The Charlotte Observer, Sumner’s contract will be non-guaranteed (Twitter link).

Sumner, 27, is a 6’4″ combo guard who played college ball at Xavier. He holds six years of NBA experience — five with Indiana and one with Brooklyn.

The 2022/23 season represented a comeback year for Sumner, who missed all of ’21/22 with a torn Achilles tendon. He appeared in 53 games (13.9 MPG) for the Nets last season, averaging 7.1 PPG on .461/.356/.917 shooting.

The Nets waived Sumner in July before his salary for ’23/24 became fully guaranteed. HoopsHype’s Michael Scotto previously reported that the Hornets were interested in adding Sumner to their roster.

The Hornets’ roster is currently full, and Theo Maledon is returning to the team on a two-way deal. That means Charlotte will have to release two players to make room for Sumner and Maledon.

Hornets Sign Theo Maledon To Two-Way Deal, Waive Three Players

September 29th, 2023 at 4:58pm CST by Rory Maher

4:58pm: Maledon’s contract is official, according to NBA.com’s transaction log.

In order to make room for Maledon and Edmond Sumner, who is signing a non-guaranteed one-year deal, Charlotte released Angelo Allegri, Tre Scott and Jaylen Sims. All three players were on Exhibit 10 contracts and will likely be heading to the G League.

4:17 pm: Free agent guard Theo Maledon is returning to the Hornets on a two-way contract, sources tell Rod Boone of The Charlotte Observer (Twitter link).

ESPN’s Adrian Wojnarowski confirms the news (via Twitter).

The Hornets gave Maledon a two-way qualifying offer at the end of June, making him a restricted free agent. He was the last restricted free agent left on the board this offseason, and likely just accepted his QO ahead of training camp.

The French point guard was the 34th overall pick of the 2020 draft. He spent his first two NBA seasons with the Thunder, but was traded to Houston prior to last season. The Rockets waived Maledon, and he signed a two-way deal with Charlotte a few days later.

Maledon averaged 6.7 PPG, 3.5 APG and 2.8 RPG in 44 games for the Hornets in 2022/23 (19.4 MPG), posting a .402/.297/.851 shooting slash line. Overall, he has appeared in 160 NBA games.

The Hornets will have to release someone to make room for Maledon, as their roster is currently at the offseason maximum of 21 players under contract. The 22-year-old will fill the team’s final two-way spot.

Rockets Sign, Waive Joshua Obiesie

September 29th, 2023 at 4:35pm CST by Tristan Tucker

SEPTEMBER 29: Obiesie has been waived, per NBA.com’s official transactions log.

AUGUST 1: The Rockets officially signed Joshua Obiesie to a one-year contract, having completed the move last Friday, according to RealGM’s NBA transaction log.

According to Keith Smith of Spotrac (Twitter link), it’s a non-guaranteed training camp deal that includes Exhibit 10 language.

Obiesie has played the past six seasons for teams in Germany. The 6’6″ wing declared for the 2019 NBA draft but ultimately went undrafted. Still just 23 years old, Obiesie averaged 12.1 points and 3.2 assists per game last year for the Fraport Skyliners.

Obiesie is the first reported training camp contract for the Rockets, who have one two-way contract roster spot open. The signing gives Houston 16 players on its roster — 12 on guaranteed standard contracts, one on a partially guaranteed deal, a pair on two-way pacts, and now Obiesie on an Exhibit 10 contract.

Obiesie’s contract is eligible to be converted into a two-way deal, which could be in play if he impresses in camp. If he’s cut, clears waivers, and remains stateside, the Rockets would control his G League rights. In that scenario, Obiesie could earn a bonus worth up to $75K if he joins Houston’s G League affiliate, the Rio Grande Valley Vipers, and spends at least 60 days with the club.

Suns Rumors: McConnell, Johnson, Ishbia, Ayton, Lowry

September 29th, 2023 at 4:00pm CST by Luke Adams

The Suns are believed to have maintained their interest in Pacers guard T.J. McConnell, Jake Fischer of Yahoo Sports said in the latest episode of the No Cap Room podcast (YouTube link).

Phoenix’s interest in McConnell was reported by multiple outlets earlier in the summer, but at that time, the team had no clear path to acquiring him due to his $8.7MM cap hit. Following their trade of Deandre Ayton and Toumani Camara for four players, the Suns have more potential pathways to acquiring McConnell, with either Nassir Little ($6.25MM) or Grayson Allen ($8.93MM) as a logical salary-matching piece.

While Fischer points out that the Suns are extremely short on point guard depth, he admits he’s not sure if the team will be eager to sacrifice its wing depth by moving a player like Little or Allen. Allen, in particular, had been on Phoenix’s radar for a while, as Fischer noted on Wednesday.

Here’s more on the Suns:

During the same podcast, Fischer reiterated that Keon Johnson‘s days in Phoenix are likely numbered. “I don’t think they’ve officially waived Keon Johnson yet, but from my understanding, they plan to waive him,” Fischer said. The former first-round pick was sent from Portland to the Suns in Wednesday’s blockbuster deal.
Suns owner Mat Ishbia was “very involved” in the trade that landed Allen, Little, Johnson, and Jusuf Nurkic in Phoenix, according to Sam Amick of The Athletic. As Amick explains, the Suns view the move as one that not only adds depth but gives them players who better fit around their stars. Nurkic was a longtime target for the club, which is “thrilled” to have landed him, Amick adds.
While he’s not an All-Star like Damian Lillard and Jrue Holiday, Ayton is the only player in Wednesday’s blockbuster who is a former No. 1 overall pick, so his departure represents the end of an era, of sorts, in Phoenix. Doug Haller of The Athletic and Gerald Bourguet of GoPHNX.com take a look back at Ayton’s tenure with the franchise and, in Bourguet’s words, the “polarizing, complicated” legacy he’ll leave behind.
John Gambadoro of Arizona Sports 98.7 has shot down a report claiming that the Suns had interest in acquiring Kyle Lowry from the Heat as part of a three-team trade if the Trail Blazers had decided to send Lillard to Miami. There’s “absolutely no truth” to that claim, according to Gambadoro (Twitter link), who says Phoenix was “totally focused” on Nurkic and the smaller pieces they could get with him.

Raptors Sign, Waive Darryl Morsell

September 29th, 2023 at 3:54pm CST by Luke Adams

3:54pm: The Raptors have waived Morsell, according to Murphy (Twitter link). They once again have an open spot on their 21-man roster.

9:48am: The Raptors have signed free agent shooting guard Darryl Morsell to an Exhibit 10 contract, per Blake Murphy of Sportsnet.ca (Twitter link).

Morsell played for the Salt Lake City Stars and Raptors 905 in the G League last season after going undrafted out of Marquette in 2022. In 44 total games for the two teams, he averaged 7.3 points, 3.7 rebounds, and 1.8 assists in 18.2 minutes per contest, with a shooting line of .393/.220/.750.

While Morsell’s offensive numbers have never jumped off the page, dating back to his college years, he’s a talented perimeter defender who earned Big 10 Defensive Player of the Year honors in 2021 while playing for Maryland.

As Murphy explains, Morsell may be in training camp with Toronto, but appears likely to return to the Raptors 905 once the regular season begins. Assuming he’s cut and then spends at least 60 days with the Raptors’ NBAGL affiliate, he’ll earn an Exhibit 10 bonus that can be worth up to $75K.

The Raptors waived Kevin Obanor on Thursday in order to make room on the roster for Morsell.

Hawks Sign Jarkel Joiner, Keaton Wallace

September 29th, 2023 at 3:03pm CST by Luke Adams

The Hawks confirmed a pair of additions to their training camp roster on Friday, issuing a press release to announce that they’ve signed guards Jarkel Joiner and Keaton Wallace to contracts.

Joiner’s agreement with Atlanta was reported in June shortly after he went undrafted out of North Carolina State. The 24-year-old averaged 17.0 points, 4.8 rebounds, 3.6 assists and 1.3 steals per game in his lone season with the Wolfpack after transferring from Mississippi. Joiner, a second-team All-ACC selection last season, suited up for the Hawks at the Summer League in July.

Wallace, 24, was on a two-way contract with the Clippers for about a week last season, but has spent most of his two professional seasons playing for Los Angeles’ G League affiliate, the Ontario Clippers. In 49 games at the NBAGL level last season, he averaged 13.9 PPG, 4.5 APG, 3.6 RPG, and 1.7 SPG with a shooting line of .463/.382/.745.

Joiner and Wallace will almost certainly be waived at some point before the regular season starts and report to the College Park Skyhawks, Atlanta’s NBAGL team. College Park acquired Wallace’s returning rights from Ontario this summer, while Joiner will be a newcomer to the G League, meaning he can be designated as an affiliate player.

Assuming Joiner and Wallace both signed Exhibit 10 contracts, which is expected, they’ll be eligible to earn bonuses worth up to $75K if they spend at least 60 days with the Skyhawks.

Atlanta now has 20 players under contract with training camps around the corner.

Hoops Rumors Glossary: Minimum Salary Floor

September 29th, 2023 at 2:37pm CST by Luke Adams

The NBA’s salary cap primarily serves as a way to restrict the amount a team can invest in player salaries in a given year. However, because the league has a soft cap rather than a hard cap, there’s technically no specific figure that clubs are prohibited from exceeding once they go over the cap to re-sign players. As long as a team doesn’t use certain exceptions or acquire a player via sign-and-trade, that team doesn’t face a hard cap.

There is, however, a specific threshold on the lower end that teams must meet in each NBA season. The league’s minimum salary floor requires a club to spend at least 90% of the salary cap on player salaries. For instance, with the 2023/24 cap set at $136,021,000, the salary floor for this season is $122,418,000.

For the purposes of calculating whether a team has reached the minimum salary threshold, cap holds and international buyouts aren’t considered, but players who suffered career-ending injuries or illnesses are included in the count, even if they’ve since been removed from the club’s cap.

Under the NBA’s previous Collective Bargaining Agreement, the penalties levied against a team whose salary was below the minimum floor at the end of the season weren’t very harsh — the franchise was simply required to make up the shortfall by paying the difference to its players.

However, the new Collective Bargaining Agreement has made those penalties for teams below the minimum salary floor significantly more punitive. Here are the changes introduced in the latest CBA:

A team is now required to reach the minimum salary floor by the start of the regular season, rather than the end of the regular season.
A team whose salary is below the minimum floor at the start of the 2023/24 regular season will only be entitled to 50% of its end-of-season share of the NBA’s luxury tax payouts. Beginning in 2024/25, a team whose salary is below the minimum floor at the start of the regular season won’t receive a share of the end-of-season luxury tax payouts.
A team whose salary is below the minimum floor at the start of the season will have a cap hold added to its salary in order to reach the minimum floor. For instance, a team with a $117,418,000 salary on opening night in 2023/24 would have a $5MM cap hold added to its salary to reach the $122,418,000 floor and would be unable to immediately access that $5MM of cap room.
A team that begins the season below the floor cannot reduce the shortfall amount it will owe at the end of the season by spending on player salaries during the season. For example, a team that starts the season $5MM below the floor would owe no less than $5MM at the end of the season. The shortfall amount that club owes could increase if its team salary dips further than $5MM below the floor by the end of the season.

As noted above, the previous CBA called for a team that finished the season below the floor to pay the shortfall to its own players. Under the new agreement, however, that shortfall money is sent to the NBA, which then redirects it to all players. That shortfall money will generally be disbursed to each player in the league in proportion to his salary for that season.

Based on these changes, it’s easy to understand why all 30 of the NBA’s teams have already surpassed the minimum salary floor in 2023/24 and it’s probably safe to assume that trend will continue in future seasons.

After all, essentially every incentive a team has to remain below the floor by the time the regular season begins has been eliminated. A team in that boat wouldn’t be able to access all of its cap room, would forfeit an end-of-season tax payment, and wouldn’t even be able to award its shortfall amount exclusively to its own players.

Note: This is a Hoops Rumors Glossary entry. Our glossary posts will explain specific rules relating to trades, free agency, or other aspects of the NBA’s Collective Bargaining Agreement. Information from ESPN’s Bobby Marks and Larry Coon’s Salary Cap FAQ was used in the creation of this post.

Earlier versions of this post were published in 2018, 2020, and 2021.

Celtics Notes: Brogdon, Holiday, Porzingis, Defense

September 29th, 2023 at 2:01pm CST by Luke Adams

After a three-team deal that would have sent Malcolm Brogdon to Los Angeles fell through in June, the Clippers have continued to engage the Celtics in trade discussions for the veteran guard throughout the offseason, league sources tell Jared Weiss of The Athletic.

Weiss’ report comes within an article exploring whether it might be possible for the Celtics to obtain trade candidate Jrue Holiday. As Weiss writes, Brogdon would almost certainly have to be included in a deal for Holiday, and the Clippers are the one team known to have serious interest.

However, the Clippers may be more inclined to make a play for Holiday themselves – or to try to work out a three-team trade with the Sixers involving James Harden – than they would be to participate in a multi-team deal that sends Holiday to Boston and Brogdon to Los Angeles. As Weiss notes, adhering to the new salary-matching rules will also be a challenge for the Celtics if they pursue Holiday, since they can’t take back more than 110% (plus $250K) of their outgoing total.

Here’s more out of Boston:

Multiple executives and coaches who spoke to Steve Bulpett of Heavy.com about the Brogdon situation believe that being honest and transparent with the 30-year-old will be crucial if he remains on the roster and there are fences in need of mending. “The one thing that characterizes (Brogdon) more than anything is his intelligence, his intellect,” one front office source told Bulpett. “If you appeal to him on that basis, if you appeal to his rationality, then he’ll understand. I have no doubt that (president of basketball operations Brad) Stevens will handle this the right way — and he has to, because Boston needs Brogdon even more than they did last year.”
Kristaps Porzingis took part on Wednesday in his first scrimmage since he was shut down due to the plantar fasciitis in his foot, a source tells Adam Himmelsbach of The Boston Globe (Twitter link). According to Himmelsbach, Porzingis looked good and didn’t experience any setbacks.
Jared Weiss of The Athletic outlines the effect that the offseason departures of Marcus Smart and Grant Williams will have on the Celtics’ toughness and defense, and considers how the team might try to fill that void.

Warriors Sign Jerome Robinson To Two-Way Deal

September 29th, 2023 at 12:01pm CST by Luke Adams

The Warriors have signed free agent guard Jerome Robinson to a two-way contract, the team announced today in a press release (Twitter link). Golden State now has a full 21-man roster.

The 13th overall pick in the 2018 draft, Robinson appeared in 113 regular season games for the Clippers and Wizards from 2018-21, averaging 4.5 points, 1.8 rebounds, and 1.2 assists in 14.2 minutes per night. He hasn’t played an NBA game since the 2020/21 season, when he made 17 appearances with Washington.

Robinson has spent the past two seasons playing for the Santa Cruz Warriors, Golden State’s G League affiliate. In 2022/23, he averaged 14.6 PPG, 4.6 APG, and 4.1 RPG with a .455/.353/.909 shooting line in 38 games (29.4 MPG) for Santa Cruz.

Robinson’s agreement with Golden State was initially reported back in July, over two months ago. At that time, the expectation was that he’d sign a training camp deal. Instead, he’ll fill out the 21-man preseason roster by claiming the team’s third two-way slot alongside Lester Quinones and Usman Garuba. However, Anthony Slater of The Athletic suggests (via Twitter) that Robinson may have to battle in training camp to hang onto that spot.

Two-way deals only come with a small partial guarantee, while players on Exhibit 10 contracts can be converted to two-way contracts prior to the regular season, so it would be simply enough for Golden State to make a preseason change.

Pelicans Notes: Alvarado, Nance, Zion, Big Three

September 29th, 2023 at 11:43am CST by Luke Adams

Pelicans guard Jose Alvarado and forward/center Larry Nance Jr. won’t be able to participate in training camp next week, the team announced in a press release on Thursday.

According to the team, Alvarado is expected to resume basketball activities in approximately two or three weeks after spraining his right ankle during an offseason workout. Alvarado’s ankle injury was reported earlier this month.

As for Nance, he received a biologic injection to stimulate the healing process in his left ankle, according to the Pelicans. Nance, who missed the final game of New Orleans’ 2022/23 season (a play-in loss to the Thunder), is expected to make a full recovery before the ’23/24 season begins, per the team, and should also return to basketball activities in two or three weeks.

Here’s more on the Pelicans:

Andrew Lopez of ESPN.com explores what the Pelicans should expect from Zion Williamson in 2023/24, citing multiple sources who say the former No. 1 overall pick was playing pickup games with teammates earlier this month and that he has been working with trainers this summer to get his lower body ready for the 82-game season.
Lopez also writes that some people around the Pelicans organization are hoping that the embarrassment from being at the center of some off-court drama this summer will provide extra motivation for Williamson to have a big year on the court.
Williamson, Brandon Ingram, and CJ McCollum have only been on the court for 172 minutes together as Pelicans. William Guillory of The Athletic considers what the club should expect from its big three, assuming they stay healthy.
The odds of Giannis Antetokounmpo remaining with the Bucks beyond his current contract look better following the club’s trade for Damian Lillard. However, if things go south in Milwaukee, the Pelicans stand to benefit, notes Christian Clark of NOLA.com. As a result of 2020’s Jrue Holiday trade, the Bucks still owe the Pelicans first-round pick swaps in 2024 and 2026, along with an unprotected first-rounder in 2027. New Orleans would also get Milwaukee’s 2025 first-rounder if it lands in the top four, which is a long shot.