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Raptors Sign Jahmi’us Ramsey To Exhibit 10 Contract

September 26th, 2024 at 2:44pm CST by Rory Maher

The Raptors have signed free agent guard Jahmi’us Ramsey to an Exhibit 10 contract, reports Blake Murphy of Sportsnet.ca (Twitter links). The team confirmed the signing in a press release.

Ramsey, 23, was the No. 43 overall pick of the 2020 draft after one college season at Texas Tech. He spent the majority of his first two seasons with the Kings, but he didn’t receive much playing time (7.1 MPG in 32 total games), and Sacramento cut him loose in February 2022.

The 6’3″ shooting guard caught on with the Oklahoma City Blue, the Thunder’s NBA G League affiliate, following his stint with the Kings. Ramsey spent the entire 2022/23 season with the Blue and most of last season as well, having inked an Exhibit 10 deal with the Thunder last October before being waived to secure a bonus.

Ramsey, who earned a spot on the All-NBA G League Third Team in 2023/24, signed a pair of 10-day contracts with the Raptors in March. He appeared in seven games with Toronto, averaging 6.7 PPG, 3.1 RPG and 1.0 SPG on .439/.273/.833 shooting in 17.3 MPG.

As a three-year veteran, Ramsey remains eligible for a two-way contract for one more season. However, all three of the Raptors’ two-way spots are currently occupied, so they’d have to release someone for Ramsey to be converted.

If Ramsey is waived before the season begins and reports to the Raptors 905 (Toronto’s NBAGL affiliate) for at least 60 days, he could earn a bonus worth up to $77.5K on top of his regular G League salary.

The Raptors’ 21-man offseason roster is now full.

Heat Sign Caleb Daniels To Exhibit 10 Deal

September 26th, 2024 at 1:20pm CST by Rory Maher

The Heat have signed free agent guard Caleb Daniels, the team announced in a press release. While the terms of the deal were not disclosed, Anthony Chiang of The Miami Herald hears Daniels received an Exhibit 10 contract (Twitter link).

The news was anticipated, as Ira Winderman of The South Florida Sun Sentinel reported a couple weeks ago that Daniels would likely receive an Exhibit 10 deal. He’s expected to be waived before the 2024/25 season begins, putting him in line to earn a bonus worth up to $77.5K if he spends at least 60 days with Miami’s NBA G League affiliate, the Sioux Falls Skyforce.

Daniels, 25, went undrafted in 2023 after playing five college seasons. He started his collegiate career with Tulane before transferring to Villanova, spending his final three seasons with the Wildcats.

After signing an Exhibit 10 deal with Miami last summer and subsequently being waived, Daniels spent his first professional season with the Skyforce, appearing in 47 Showcase Cup and regular season games (30.1 MPG) while averaging 12.3 PPG, 5.0 RPG and 2.2 APG on .429/.368/.841 shooting. He also played for the Heat’s Summer League team in July.

The Heat now have a full roster ahead of training camp, with 21 players under contract.

Warriors Waive Plowden, Sign Post To Two-Way Deal

September 26th, 2024 at 12:55pm CST by Dana Gauruder

SEPTEMBER 26: Post’s two-way contract with the Warriors is now official, according to the NBA’s transaction log.

SEPTEMBER 24: The Warriors have waived two-way player Daeqwon Plowden, according to Michael Scotto of HoopsHype (Twitter link), and are signing second-round pick Quinten Post to a two-way contract, per Anthony Slater of The Athletic (Twitter link).

Golden State was expected to open a two-way spot for Post. Pat Spencer and Reece Beekman hold the other two-way slots.

Plowden was signed to a two-way deal after strong Summer League performances for the Warriors. He averaged 14.6 points and shot 39.6% from three-point range in eight Summer League games combined in the Las Vegas and California Classic leagues.

Plowden, who went undrafted out of Bowling Green in 2022, has spent his first two professional seasons in the G League, playing for the Birmingham Squadron in 2022/23 and the Osceola Magic in ’23/24. In 49 Showcase Cup and regular season outings for Osceola last season, he averaged 11.9 points, 4.2 rebounds, and 1.3 assists in 25.5 minutes per game, with a shooting line of .472/.397/.797.

According to Slater, the Warriors still intend to bring Plowden to camp to compete for a two-way spot, which suggests Spencer and Beekman aren’t entirely safe yet.

The Hawks’ G League affiliate, the College Park Skyhawks, recently acquired Plowden’s returning player rights, so if he doesn’t earn a roster spot with Golden State, he may end up with the Skyhawks.

As for Post, he spent his last three college seasons with Boston College. Post averaged 17.0 points, 8.1 rebounds and 2.9 assists per game last season. The 24-year-old 7-footer was selected with the No. 52 overall pick.

Pistons Sign Lamar Stevens To Camp Deal

September 26th, 2024 at 11:57am CST by Rory Maher

Free agent forward Lamar Stevens has signed a contract with the Pistons, according to his agency, Priority Sports (Twitter link).

Omari Sankofa II of The Detroit Free Press reports (via Twitter) that Stevens has agreed to a training camp deal, which means it will be a one-year, minimum-salary contract that is non-guaranteed and won’t count against the cap. It figures to include Exhibit 9 language and perhaps Exhibit 10 language too.

Stevens played for four years at Penn State prior to going undrafted in 2020. He spent his first three NBA seasons with the Cavaliers, initially on a two-way deal before receiving a promotion to a multiyear standard contract at the end of his rookie campaign.

Known for his strength, toughness, athleticism and defensive versatility, Stevens was traded from Cleveland to San Antonio last summer in the three-team deal that saw the Cavs acquire Max Strus from Miami. San Antonio waived Stevens last July, but he caught on with the Celtics last fall for training camp, and was one of three players on Exhibit 9 contracts to make an opening night roster in 2023/24.

Not only did Stevens make Boston’s opening night roster, but he had his salary fully guaranteed in January. However, he rarely received playing with the Celtics, who traded him to Memphis — along with two second-round picks — for Xavier Tillman at the February deadline.

The 27-year-old played pretty well for an injury-ravaged Grizzlies squad, averaging 11.5 PPG, 5.1 RPG, 0.9 SPG and 0.9 BPG on .446/.289/.791 shooting in 19 appearances with Memphis (23.0 MPG). The team chose not to re-sign him this summer, making him an unrestricted free agent.

Overall, Stevens has appeared in 203 regular season games over the course of his four seasons in the league, averaging 5.7 PPG and 2.9 RPG on .463/.286/.726 shooting in 15.7 MPG.

The Pistons currently have 13 players on guaranteed standard contracts, with big man Paul Reed on a non-guaranteed deal. Stevens will likely be vying for the 15th and final standard roster spot in training camp, assuming Detroit chooses to carry a full roster.

Junior Bridgeman Purchases 10% Stake In Bucks

September 26th, 2024 at 11:15am CST by Rory Maher

SEPTEMBER 26: Bridgeman has officially become a part-owner of the Bucks, the team confirmed in a press release (Twitter link via Eric Nehm of The Athletic).

“I’m overjoyed to return to the Bucks, where I spent the heart of my NBA playing career, to join their world-class ownership group,” Bridgeman said. “… I hope that my life journey serves as an aspiration to current and future players who dream of joining an NBA ownership group. I look forward to cheering the Bucks on this season alongside our great fans.”

SEPTEMBER 12: Junior Bridgeman, who played 12 NBA seasons from 1975-87, including 10 in Milwaukee, is purchasing a 10% stake in the Bucks, three sources familiar with the deal tell Michael Ozanian and Jessica Golden of CNBC.

According to CNBC’s report, the transaction values the Bucks at $4 billion but Bridgeman is receiving a “preferred limited partner discount” of 15%, or a $3.4 billion valuation. That means Bridgeman will pay approximately $340MM for his minority share.

Bridgeman, who turns 71 years old next week, starred in college at Louisville prior to being selected No. 8 overall in the 1975 draft. The 6’5″ wing averaged 13.6 points, 3.5 rebounds and 2.4 assists while shooting 47.5% from the floor and 84.6% from the line in 849 regular season games with the Bucks and Clippers (25.0 minutes per contest).

In late July, Baxter Holmes of ESPN wrote a feature story on Bridgeman and how he has built his wealth over the years. Bridgeman earned a total of just under $3MM in salaries during his playing career and has been extremely successful as a businessman, with a net worth of nearly $600MM.

As Ozanian and Golden observe, when the Haslam Sports Group purchased its 25% stake in the Bucks in April 2023, the team was valued at $3.2 billion. This new deal — which is the first time a portion of a team has been sold since the media rights agreements were announced — shows the franchise continues to increase in value.

Bridgeman was rumored to be interested in buying a stake in the Bucks back in 2014. His No. 2 jersey was retired by the Bucks in 1988.

Celtics Notes: Walker, Practice Methods, Kornet, Tillman

September 26th, 2024 at 10:31am CST by Dana Gauruder

Lonnie Walker IV made a surprise move when he signed an Exhibit 10 contract with the Celtics. It was an unconventional decision for a player with 322 regular season NBA games on his résumé, including 58 with the Nets last season.

Walker explains that he had limited options in free agency.

“I wish I had a clear-cut answer for that as to why I didn’t get a guaranteed deal,” Walker said, per Brian Robb of MassLive.com. “But it’s just the way the cards fall. As a man, good, bad or ugly, you got to accept what fate is given and continue to push. I’m not going to stop or put my head down because I’m not given what I expected.”

With 14 guaranteed contracts and a heavy tax burden, the Celtics are unlikely to carry a 15th man to start the season. Walker says if he’s waived and winds up on Boston’s G League team, he’ll handle it professionally.

“(Brad Stevens) also mentioned that there’s a possibility that I might spend some time in the G League with Maine, and honestly, I’m perfectly fine with that,” Walker said. “Because as a man, you’ve got to take it on the chin. You’ve got to continue to work. You have to continue to be prepared and just keep being ready. I think I’m mentally prepared for almost any outcome that may pop up, and I know sooner or later that the worm will turn and that the light’s still at the end of the tunnel.”

We have more on the Celtics:

Nobody could make a basket during the team’s first training camp practice. That was by design. The rims were covered with “bubbles” and the Celtics had to score “points” by other means. “You get your points based on rebounds, turnovers, blocks, steals, everything except putting the ball in the hole essentially,” Sam Hauser told Jay King of The Athletic. “I guess it makes you focus your energy on something other than trying to score, which is probably the (goal). It’s just a different emphasis which is great. But it was interesting for sure.” King details Joe Mazzulla‘s unconventional practice drills.
Luke Kornet re-signed with the Celtics on a one-year deal early in free agency. Kornet wasn’t looking to go elsewhere, he told Robb and other media members. “It’s just been an awesome to be able to play basketball here,” Kornet said. “In terms of every controllable of that side — the leadership, the teammates, just what Boston’s been like for me and my family — I knew that it was an awesome place to come back and stay. And I wanted to be able to do that.”
Xavier Tillman received a two-year deal to stay with the Celtics. Tillman has settled in with the franchise and the city of Boston since joining the team in a deadline-day deal last season, he told Robb. “We’re very, very comfortable,” Tillman said. “At first, when I got here, I didn’t know, because it was finishing up my contract, I didn’t know how it was all gonna pan out for me. But now as far as the city and everything, I feel like I know all the streets, and I know where I’m going. I know about them crazy potholes and stuff like that. Like I’m good now.”
Tillman underwent knee surgery in July but is a full go at camp, Robb reports. “Yeah it was the main reason I was out different periods last year,” Tillman said of the procedure. “My knee would just swell up really bad after a game. But it’s been recovering really well. Like, as far as my range of motion, as far as my strength and stuff like that, and just being able to have a hard day and not have it swell back up. So it’s been progressing really well.” Tillman and Kornet will play key roles while Kristaps Porzingis rehabs from surgery on his left leg.

Jordan Bowden Signs Exhibit 10 Contract With Hawks

September 26th, 2024 at 8:40am CST by Dana Gauruder

Jordan Bowden has signed a contract with the Hawks, according to RealGM’s transactions log. It’s an Exhibit 10 deal, HoopsHype contributor Cyro Asseo tweets.

Bowden most recently played for the Montreal Alliance of the Canadian Elite Basketball League, where he averaged 17.4 PPG, 4.5 RPG, and 3.1 APG.

Last season, Bowden played in the NBA G League for the Maine Celtics and College Park Skyhawks, Atlanta’s affiliate. He appeared in a combined 25 regular season games, averaging 13.6 PPG, 3.0 RPG and 1.8 APG in 27.7 MPG. From 2021-23, Bowden played for the Long Island Nets.

The 27-year-old guard played college ball for Tennessee from 2016-20.

Bowden would be eligible for a bonus worth up to $77.5K if he’s waived and then spends at least 60 days with the Skyhawks.

Harry Giles Signs One-Year Deal With Hornets

September 26th, 2024 at 8:03am CST by Arthur Hill

SEPTEMBER 26: Giles has officially signed with the Hornets, according to RealGM’s transactions log.

SEPTEMBER 22: The Hornets have agreed to sign Harry Giles to a one-year contract, agent Daniel Hazan of Hazan Sports tells Shams Charania of The Athletic (Twitter link). Giles will be given an opportunity to compete for a roster spot in training camp, Charania adds.

Giles was once considered one of the top prospects in the country, but his career has been plagued by knee injuries. He won a roster spot with the Nets last fall after joining the team on an Exhibit 10 contract, but he appeared in just 16 games before being waived in February.

He signed a two-way deal with the Lakers in early March and saw limited time in seven games. In total, he averaged 2.4 points and 1.3 rebounds in 4.3 minutes per night between the two teams.

As Charania notes, Giles will be returning to North Carolina, where he was once a high school star before signing with Duke. After one season with the Blue Devils, he was selected by Portland with the 20th pick in 2017 and traded to Sacramento on draft night.

The Hornets have 13 players on fully guaranteed contracts, along with Taj Gibson, who has a $1.1MM guarantee on his $3.3MM deal, so Giles will have a real chance to make the roster if he can put together a strong preseason.

Charlotte is carrying 20 players on its preseason roster, so no corresponding roster move will be necessary for Giles to be officially signed.

Derrick Rose Announces Retirement

September 26th, 2024 at 6:16am CST by Luke Adams

Former NBA Most Valuable Player Derrick Rose has announced his retirement as a basketball player.

Rose confirmed the decision in a post on Instagram and, according to Malika Andrews and Tim MacMahon of ESPN, by taking out full-page ads in local newspapers of the six NBA cities he played in: Chicago, New York, Cleveland, Minneapolis, Detroit and Memphis.

“Knowing that I gave my all to the game, I feel confident in my decision,” Rose told ESPN. “Basketball was just the beginning for me. Now, it’s important that I give my all to my family — they deserve that.”

Rose added in a statement to Shams Charania of The Athletic: “The next chapter is about chasing my dreams and sharing my growth. I believe true success comes from becoming who you were created to be, and I want to show the world who I am beyond basketball.”

Rose, who will turn 36 next Friday, was selected first overall in the 2008 NBA draft by his hometown Bulls. He earned Rookie of the Year honors in 2009 and was named an All-Star in each of his next three seasons, winning the MVP award in 2011. Over the course of that season, his third in the NBA at age 22, he averaged 25.0 points, 7.7 assists, and 4.1 rebounds per game across 81 starts, leading the Bulls to a league-best 62-20 record.

The fact that Rose won the MVP award while still on his rookie scale contract resulted in an NBA rule being unofficially named after him. As we’ve outlined in a Hoops Rumors Glossary entry, the “Derrick Rose rule” allows players coming off their rookie deals to sign maximum-salary contracts worth up to 30% of the salary cap instead of the typical 25% if they’ve earned a major award such as MVP, Defensive Player of the Year, or All-NBA.

However, Rose’s career hit a snag following his first four seasons in Chicago, as he missed the entire 2012/13 season due to an ACL tear and only played in 10 games in ’13/14 as he continued to recover from that injury.

The 6’3″ guard ultimately made it back to the court on a more regular basis in ’14/15, but he only appeared in more than 51 games in a season twice in his final 10 NBA seasons as he continued to be affected by health issues that sapped him of the speed and explosiveness he displayed in his first few years.

Rose was still an effective role player when healthy, earning Sixth Man of the Year votes in 2019, 2020, and 2021 for the Timberwolves, Pistons, and Knicks, but his injury woes prevented him from fully delivering on the potential to be a longtime NBA star that he showed early in his career.

Rose will call it a career with averages of 17.4 PPG, 5.2 APG, and 3.2 RPG in 723 career regular season games (30.5 MPG). He also made 52 postseason appearances and put up 21.9 PPG, 6.3 APG, and 4.3 RPG in those outings. He made the Eastern Conference Finals with the Bulls during his MVP year in 2011, though he never played in the NBA Finals. In addition to suiting up for the Bulls, Timberwolves, Pistons, and Knicks, he spent time with the Cavaliers and Grizzlies.

Rose had been under contract with Memphis for the 2024/25 season, but requested his release and gave up his full $3.3MM guaranteed salary for the year as part of that agreement.

As K.C. Johnson of The Chicago Sports Network tweets, there are no immediate plans for Rose to sign a ceremonial one-day contract with the Bulls, but the organization will almost certainly honor its former star at some point this season.

Thunder Notes: Expectations, Trade Philosophy, Jones, More

September 25th, 2024 at 10:50pm CST by Tristan Tucker

The Thunder are being projected to finish atop the Western Conference standings again this season after winning 57 games in 2023/24. However, general manager Sam Presti doesn’t think the team is simply entitled to the outside perspective on them; he knows they have to prove it, writes Joel Lorenzi of The Oklahoman.

“The difference is that external expectations are things that some people think should happen,” Presti said, “and possibilities are things that we feel could happen, but we have a lot of respect for how hard it is for those things to take place. We don’t think we’re entitled to start on third base.”

After adding Isaiah Hartenstein and Alex Caruso to their core, Presti knows they’ll have to sort out some wrinkles early in the season.

“We’re going to need some time with this particular group, especially because we’re not trying to wedge those guys in or have assumptions about how they’re going to fit with certain players,” Presti said. “We kind of have to allow that to take its course, and as a result I think our continuity will not be great early, but if you look at continuity in the NBA, continuity generally shows up, or lack thereof, early in the year.

“There’s certain things that we’re going to have to confront, even if that means not getting the immediate benefits or the numbers might not look particularly good, but ultimately we’re going to have to get good at addressing these particular situations, issues, whatever it might be.”

As Lorenzi writes, that could mean experimenting with Caruso playing alongside other talented defenders like Cason Wallace and Luguentz Dort, or going with a two-big look by lining up Hartenstein next to Holmgren.

We have more from the Thunder:

At the end of last season, Presti said he might need to reevaluate how he operates with in-season trades. When asked again on Wednesday about that philosophy by Daily Thunder’s Brandon Rahbar (Twitter link), Presti said he thinks it’s hard to get a player up to speed quickly in the middle of the season. He reiterated that continuity is important and that the Thunder’s new players are going to take time to fit in. Presti didn’t rule out in-season trades, but he did express the need to be patient with internal development and exercise caution when adding new players. “Everyone tends to, when there’s a team that’s in regression or plateau period or whatever you want to call it, the default is [to] hit the trade builder,” Presti said. “Because to really have a very nuanced conversation about the other things, the internal things, I think that gets a little hard for people, because there’s a lot more gray area there and probably a little more expertise on that, to be speaking that language, rather than hit the builder and flip people in and out, But every time you do that, you’re adding risk to your existing team.”
If Kenrich Williams‘ injury lingers into the regular season, the Thunder may need to rely on rookie Dillon Jones sooner than expected, Rylan Stiles of SI writes. Jones, a 6’5″ small forward, showed scoring and defensive prowess collegiately at Weber State. The 26th overall pick averaged 20.8 points, 9.8 rebounds, 5.2 assists and 2.0 steals in college.
In a mailbag, Lorenzi discusses several challenges the Thunder may face in 2024/25. For starters, the team may need to improve its three-point volume after ranking 16th in attempts but first in efficiency last season. Additionally, Oklahoma City will need to rely on Hartenstein to help defeat teams that pack the paint like Dallas did last year.