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Pelicans Sign Jalen Crutcher To Exhibit 10 Deal

September 25th, 2024 at 3:00pm CST by Luke Adams

Free agent guard Jalen Crutcher has signed a contract with the Pelicans, according to RealGM’s official log of NBA transactions. It’s a non-guaranteed Exhibit 10 deal, tweets Keith Smith of Spotrac.

Since going undrafted out of Dayton in 2021, Crutcher has spent three seasons in the G League, including two with the Greensboro Swarm and one with New Orleans’ affiliate, the Birmingham Squadron.

In 49 total games for the Squadron last season, Crutcher averaged 17.0 points, 5.6 assists, and 3.3 rebounds in 35.4 minutes per game and shot the ball well, with a 40.5% mark from beyond the three-point line and 86.3% from the free throw stripe. His strong play in Birmingham earned him a 10-day contract with the Pelicans in February — he appeared in just one game for the team, making his NBA debut on Feb. 27.

A player who signs an Exhibit 10 contract can have it converted to a two-way deal before the regular season or can qualify for a bonus worth up to $77.5K if he’s waived and then spends at least 60 days with his team’s G League affiliate.

Given that the Pelicans don’t have a two-way opening and the Squadron already hold Crutcher’s NBAGL returning rights, the latter scenario appears more likely for the 25-year-old.

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Raptors Sign, Waive Kennedy Chandler

September 25th, 2024 at 2:58pm CST by Luke Adams

2:58pm: As expected, the Raptors have waived Chandler, according to Murphy (Twitter link).

12:33pm: The Raptors have signed former second-round pick Kennedy Chandler to an Exhibit 10 contract, tweets Blake Murphy of Sportsnet.ca.

A 6’0″ point guard, Chandler was selected 38th overall out of Tennessee in the 2022 draft and played for the Grizzlies as a rookie. However, he had a disappointing first season, averaging 2.2 points and 1.6 assists in 7.8 minutes per game across 36 outings while shooting just 42.2% from the floor (including 13.3% on three-pointers) and 46.2% from the free throw line.

Memphis waived Chandler in April 2023 even though he still had two fully guaranteed years left on his contract.

Chandler spent the 2023/24 season with the Long Island Nets in the G League, appearing in 49 total Showcase Cup and regular season contests for Brooklyn’s affiliate. He averaged 13.9 PPG, 5.1 APG, and 3.3 RPG with a shooting line of .477/.361/.758.

The Raptors have been signing and quickly waiving free agents in recent days in order to put them in line for Exhibit 10 bonuses worth up to $77.5K if they spend at least 60 days this season with the Raptors 905, Toronto’s NBAGL team. That may be the plan for Chandler too, though the 905 will have to acquire his returning rights from Long Island to make that happen.

Toronto, at least for now, once again has a full 21-man preseason roster.

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Timberwolves Sign Guard Trevor Keels

September 25th, 2024 at 2:38pm CST by Dana Gauruder

SEPTEMBER 25: The Timberwolves have officially signed Keels, the team confirmed in a press release. The Wolves also formally confirmed three other recent signings.

SEPTEMBER 24: The Timberwolves have agreed to a contract with Trevor Keels, Michael Scotto of HoopsHype tweets.

The 21-year-old guard played three games for the Knicks in 2022/23. Keels, who was the 42nd overall pick of the 2022 draft out of Duke, was waived by New York after his rookie campaign.

Keels participated in Minnesota’s training camp last season but he was waived before the opener. He spent the season with Minnesota’s G League club, the Iowa Wolves, where he averaged 13.5 points and 3.7 assists per game.

Terms of the contract have not been disclosed but it’s likely an Exhibit 10 contract. Assuming that’s what Keels signs, he’ll be eligible for a bonus worth up to $77.5K if he’s waived and then spend at least 60 days with Iowa again.

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Southwest Notes: Monroe, Pelicans, T. Allen, Klay, Mavs

September 25th, 2024 at 1:33pm CST by Luke Adams

Longtime NBA center Greg Monroe is joining the Pelicans‘ coaching staff in a player development role, according to Christian Clark of The New Orleans Times-Picayune.

The seventh overall pick in the 2010 draft, Monroe averaged 13.0 points and 8.2 rebounds per contest in 646 regular season games across 10 NBA seasons with the Pistons, Bucks, Suns, Celtics, Raptors, Sixers, Timberwolves, Wizards, and Jazz. He last played in the league during the 2021/22 season, when he spent time with four different teams from December to April. The 34-year-old has also competed in Germany, Russia, China, and Puerto Rico.

As Clark observes, Monroe is a native of Baton Rouge, Louisiana who attended high school in the New Orleans area and won Louisiana’s Mr. Basketball Award in 2007 and 2008 before playing college ball at Georgetown. Monroe told The Times-Picayune in 2023 that he was living in Metairie – which is where the Pelicans’ practice facility is located – when he wasn’t playing overseas.

Here’s more from around the Southwest:

  • Word broke back in May that the Grizzlies would retire Tony Allen‘s No. 9 jersey during the 2024/25 season. Now there’s an official date for the ceremony. According to a press release from the team, Allen’s No. 9 will be retired on Saturday, March 15 after the Grizzlies’ game against Miami. The former defensive standout will be the third player in team history to have his jersey hung in the rafters, joining Zach Randolph (No. 50) and Marc Gasol (No. 33).
  • Appearing on The TK Show with Tim Kawakami (Spotify link), Warriors head coach Steve Kerr said he believes Klay Thompson will benefit from a fresh start with the Mavericks, as Grant Afseth of The Dallas Hoops Journal relays. “We all wanted him to stay. I wanted Klay to be a Warrior for life, it felt like the right thing. (But) you never really know what the right thing is for someone else, only that person knows,” Kerr said. “And I think by the end of the year, I think Klay knew for his own sake that he wanted to leave. … I’m happy for him, I think this will be a great move. He’s going to play for a great team, two high-level creators, he should get a lot of open shots. I think sometimes a career change, a late-career change can refresh and recharge you.”
  • Although the addition of Thompson might increase the Mavericks‘ ceiling in 2024/25, repeating as Western Conference champions won’t be an easy feat, according to Eddie Sefko of Mavs.com, who looks at some of the challenges standing in the way of another trip to the NBA Finals for Dallas.
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Rockets Notes: Fertitta, Adams, Griffin, Sengun, Green

September 25th, 2024 at 11:02am CST by Luke Adams

The Rockets endured a miserable stretch from 2020-23, when they won just 59 total games across three seasons, but they bounced back to .500 in 2023/24 and appear to be on the upswing. Speaking to reporters on Tuesday, team owner Tilman Fertitta expressed optimism about what the future holds, though he knows that more patience will be required, as Jonathan Feigen relays in a subscriber-only Houston Chronicle story.

“Last night I was (viewing) our roster,” Fertitta said. “Our 14th player, whoever that is, would be in the continuous rotation of any team out there. There is no deeper team in the NBA than us. But we’re still very young. As we watch all the greats that played the game, you’re not great until your third, fourth, fifth, sixth, seventh year. I don’t think Michael Jordan won his first championship until his seventh year.”

Fertitta made his comments at the opening of the Rockets’ new practice facility alongside several current and former Houston players, including two-time Finals MVP Hakeem Olajuwon, who won a pair of titles with the franchise in the mid-1990s. Asked by the Rockets’ owner how long it took him to win his first NBA championship, Olajuwon acknowledged that it happened in year 10.

“We don’t want to wait that long,” Fertitta said. “We plan on winning more than one or two. The point is we’re very young. There’s high expectations. But to be great, we have to get a little older. We’re expecting a great year.”

Here’s more on the Rockets:

  • According to Feigen, Fertitta admitted that bottoming out and going through a multiyear rebuild wasn’t easy for him and that he frequently considered the idea of accelerating that process. However, his son Patrick and general manager Rafael Stone convinced him to stick with the plan. “Patrick and Raf came to me and said, ‘We can go to NBA purgatory, which is seed seven, eight or nine with no shot of even getting to the second round, or we can do this the right way,'” Fertitta said. “You look at the seven (drafted) guys we have from the last three years, it’s unbelievable, mixed in with some great veterans. We decided to do something that’s going to pay off for the next 12 years.”
  • Every Rockets player worked out or scrimmaged at the team’s new practice facility either last week or this week (or both), per Feigen, who notes that that group includes center Steven Adams. After missing all of 2023/24 due to knee surgery, Adams has been cleared to fully participate in scrimmages and looked “outstanding” in last week’s games, a source tells The Houston Chronicle.
  • Keith Smith of Spotrac (Twitter link) clarifies that AJ Griffin gave up all but $250K of his salary for 2024/25 in his buyout agreement with the Rockets, reducing his $3,889,920 cap hit by more than $3.6MM. Feigen had previously mentioned that $250K figure, but didn’t specify whether Griffin surrendered that amount or surrendered all but that amount — we now know it’s the latter. Those savings will create additional spending flexibility for the Rockets, who are now operating below the luxury tax line by over $10MM.
  • Although Alperen Sengun and Jalen Green both displayed star potential during the 2023/24 season, they rarely excelled at the same time, with Green’s best stretch of the season coming in the second half when Sengun was injured. In a separate story for The Houston Chronicle, Feigen explores why the two former first-round picks may not have been at their best together and what it would take for that to change in 2024/25.
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Kings Signing Justin Powell To Exhibit 10 Contract

September 25th, 2024 at 10:00am CST by Luke Adams

The Kings have reached an agreement with free agent shooting guard Justin Powell on an Exhibit 10 contract, agent George S. Langberg tells Michael Scotto of HoopsHype (Twitter link).

Powell, who went undrafted out of Washington State in 2023, signed an Exhibit 10 deal with the Cavaliers last September and was with the team for training camp and the preseason before being waived and joining the Cleveland Charge as a G League affiliate player.

In 44 Showcase Cup and regular season games for the Charge as a rookie, Powell averaged 6.7 points, 3.2 rebounds, and 1.5 assists in 23.9 minutes per game, posting a shooting line of .421/.368/.824.

Powell, 23, had his G League returning rights traded from the Charge to the Stockton Kings in a three-team deal earlier this month, so assuming he’s waived by Sacramento and then spends at least 60 days with Stockton, he’ll be eligible for an Exhibit 10 bonus worth up to $77.5K on top of his NBAGL salary.

The Kings currently have 19 players on their 21-man preseason roster, meaning no corresponding move will be necessary in order to make room for Powell.

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Pre-Camp Roster Snapshot: Southwest Division

September 25th, 2024 at 8:00am CST by Luke Adams

Hoops Rumors is in the process of taking a closer look at each NBA team’s current roster situation, evaluating which clubs still have some moves to make and which ones seem most prepared for training camp to begin.

This series is meant to provide a snapshot of each team’s roster at this time, so these articles won’t be updated in the coming weeks as more signings, trades, and/or cuts are made. You can follow our roster counts page to keep tabs on teams’ open spots as opening night nears.

We’re wrapping up our pre-camp Roster Snapshot series today with the Southwest Division. Let’s dive in…

Dallas Mavericks

Although Morris’ salary isn’t guaranteed, I’d expect him to fill the 15th spot on the Mavericks‘ opening night roster. His non-guaranteed contract should give them some additional flexibility during the season — for instance, they could waive him ahead of the January 7 league-wide guarantee date, re-sign him to a couple 10-day contracts, then bring him back on a rest-of-season deal after February 6 once they know they won’t need that 15th roster spot for a trade acquisition.

With one two-way slot still available, the Mavs could hold a camp competition for that opening. In addition to their three Exhibit 10 players, Lawson would also be two-way-eligible, though he’d have to be waived and re-signed rather than directly converted.

Houston Rockets

After buying out AJ Griffin, the Rockets have an open spot on their projected 15-man standard regular season roster. They’re well below the luxury tax line, so they’d have no issue carrying a 15th man on a minimum-salary contract (or even something more lucrative than that, if they so choose). Still, with so many players on the roster who have a case for rotation minutes, Houston may not be in a rush to fill that spot by adding someone who won’t play.

Even though the Rockets’ three two-way slots are currently occupied, I’d expect Hinton and/or Samuels to receive consideration for a two-way deal if they impress in camp. Houston also has room on their roster to bring two more players to camp.

Memphis Grizzlies

The Grizzlies opened up a pair of standard roster spots within the last month by waiving Mamadi Diakite and Derrick Rose. Because they stretched Diakite’s partial guarantee and got Rose to agree to give up his full salary, they’re nearly $6MM below the luxury tax line, giving them more than enough breathing room to carry a full 15-man roster into the season if they want to.

I’d expect Memphis to peruse the free agent market for a 14th man, but it’s worth noting that Pippen – who played a rotation role for much of last season – is a strong candidate to be promoted from his two-way contract to the standard roster sooner or later. If that happens before the season, there would be an opening for one of the Grizzlies’ Exhibit 10 signees to have his contract converted to a two-way deal.

Like Houston, Memphis has enough room on its 21-man preseason roster to bring two more players to camp.

New Orleans Pelicans

Alvarado is a lock to make the roster, and the Pelicans – who never pay the tax – are already hovering a little above the luxury tax line, so I’d bet on them leaving their 15th roster spot open to start the season in order to save some money.

The only wild card there could be if the team makes a preseason trade. I wouldn’t necessarily count on that, but New Orleans remains on the lookout for a starting-caliber center and Brandon Ingram‘s future with the team is still in question.

After signing and waiving Galen Robinson Jr. on Tuesday, the Pelicans have an open spot on their 21-man roster to finalize Payton’s deal, though they may rotate other players in and out of that spot before camp begins next week for G League/Exhibit 10 bonus purposes.

San Antonio Spurs

Barring a preseason trade, the Spurs‘ projected standard roster looks set with their current 15 players on guaranteed contracts.

It’s unclear whether there will be an open competition for the final two-way contract or if San Antonio has someone specific in mind for it. Boston would be a good candidate — he has over 100 games of NBA regular season experience on his résumé and has one more year of two-way eligibility left. Flynn, on the other hand, is ineligible for a two-way deal.

I’d expect the Spurs to cut Minix or Nelson at some point in the coming days to make room for Mensah, though it’s possible his Exhibit 10 deal won’t be completed until later in October.

Previously:

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Cavaliers Sign Jacob Gilyard, Zhaire Smith

September 25th, 2024 at 7:14am CST by Luke Adams

SEPTEMBER 25: Gilyard and Smith have each officially signed with the Cavs, per RealGM’s transaction log.

Having cut Tomlin and Osabuohien on Tuesday, Cleveland is back up to 21 players under contract, with Nance’s deal now official too.

SEPTEMBER 24: Free agent guards Jacob Gilyard and Zhaire Smith are signing Exhibit 10 contracts with the Cavaliers, reports Chris Fedor of Cleveland.com (subscription required).

Gilyard, 26, spent last season on two-way deals with the Grizzlies and Nets, appearing in a total of 41 games for the two teams. The 5’9″ point guard held his own in a rotation role for Memphis, averaging 4.7 points and 3.5 assists with a .425 3PT% in 17.7 minutes per game across 37 outings (14 starts).

However, two-way players can’t be active for more than 50 NBA games, so with Gilyard just about at that limit, the Grizzlies opted to waive him rather than promote him, putting him on track to finish the season in Brooklyn. He became an unrestricted free agent this summer after the Nets opted not to tender him a two-way qualifying offer.

As for Smith, the former No. 16 overall pick spent most of last season with the Cleveland Charge in the G League, briefly earning an NBA call-up on a 10-day contract with the Cavaliers in February. In 47 Showcase Cup and regular season games for the Cavs’ NBAGL affiliate, the 6’4″ guard averaged 13.3 points, 4.1 rebounds, and 1.8 assists in 33.0 minutes per contest, posting an impressive shooting line of .539/.394/.836.

Since Cleveland controls Smith’s G League returning rights and recently acquired Gilyard’s rights in a trade with the Memphis Hustle, the plan will likely be for both players to report back to the Charge this fall. Their Exhibit 10 contracts will make them eligible for bonuses worth up to $77.5K as long as they spend at least 60 days with the Cavs’ G League team.

According to Fedor, before they’re waived, Gilyard and Smith will get the opportunity to attend training camp with the Cavs along with fellow invitees Pete Nance and Jules Bernard. A report on Monday indicated that those two players, along with Nae’Qwan Tomlin and Gabe Osabuohien, had agreed to Exhibit 10 deals with Cleveland. Fedor confirms that reporting, but says Tomlin and Osabuohien are expected to be waived before camp begins.

The Cavs’ deals with Bernard, Tomlin, and Osabuohien are now official, per RealGM’s transaction log.

The Cavs are already carrying 14 players on standard contracts and three on two-way deals, so they’ll be at the 21-man limit once their back-of-the-roster transactions are complete.

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Knicks Notes: Sims, Hypothetical Trades, Bridges

September 24th, 2024 at 10:44pm CST by Dana Gauruder

With Mitchell Robinson sidelined for the start of the regular season, Jericho Sims will likely be in the Knicks’ rotation unless they make a trade. Sims is taking steps to earn Tom Thibodeau‘s trust and another NBA contract, according to Stefan Bondy of the New York Post.

Sims has been at the Knicks training facility since mid-August under the tutelage of assistant coach Mark Bryant, who specializes in developing frontcourt talent, Bondy writes.

Sims, who will be a free agent after the season, had a healthy and productive offseason after rehabbing the last two summers from surgeries to his thumb and shoulder. The 2021 second-round pick appeared in 45 games, including 11 starts, last season.

We have more on the Knicks:

  • After naming Pistons’ Isaiah Stewart as a potential trade target to fortify the middle. James Edwards III of The Athletic explores three hypothetical trades the Knicks could make, including one that sees the Knicks acquire Stewart and two future second-round picks from Detroit for Robinson, Miles McBride, and the 2025 first-round pick the Pistons already owe them. Edwards also considers what potential trade packages for Utah’s Walker Kessler and Charlotte’s Nick Richards might look like.
  • Mikal Bridges is surprised he’s been part of two blockbuster deals in the last two years. “I would’ve thought I was the last person to be traded all the time,” Bridges told Spencer Davies of RG.org. “It kinda started when I was in Phoenix. I thought I probably never was gonna leave Phoenix. Being the type of player I am, I feel like I’m kinda in a glue role usually a team would trade for or would trade to give up [a lot]. But once that starts, once you get traded once, now it’s like it’s gonna be continuous. But hopefully, things go great [in New York] and I don’t gotta keep moving teams.”
  • What does the Knicks’ roster look like heading into camp? Get the details here.
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Pacers GM Hoping To Retain Turner Beyond This Season

September 24th, 2024 at 9:07pm CST by Dana Gauruder

The Pacers are hoping to re-sign starting center Myles Turner next offseason, general manager Chad Buchanan told the media on Tuesday.

“We’re big believers in Myles,” Buchanan said. “We want him to be here.”

Turner, who will make $19,928,500 this season, will be an unrestricted free agent next summer. Complicating matters for Indiana is that Turner will not become extension-eligible before free agency.

As Dustin Dopirak of the Indianapolis Star points out, when Turner signed a two-year contract extension in January 2023, he and the Pacers also renegotiated of the final year of his previous contract. Typically, players become extension-eligible on the two-year anniversary of their previous signing, but renegotiating a contract pushes that timeline to three years.

The Pacers will have a small window after the NBA Finals to negotiate with Turner before other teams can come calling, thanks to a new rule allowing teams to exclusively negotiate with their own free agents between the end of the Finals and June 30.

Turner is an impact player at both ends of the floor. He averaged 17.1 points, 6.9 rebounds, and 1.9 blocks per game last season. He has led the league in blocks twice and is also a respectable three-point shooter (35.4% for his career).

“His development fit with (coach Rick Carlisle’s) system,” Buchanan said. “He fit with our point guards. Fit with Pascal. You see how he seamlessly fits into the way we play.”

Re-signing Turner may not be a simple process, as Indiana has long-term salary cap concerns. Tyrese Haliburton and Siakam are on maximum-salary contracts, while forward Obi Toppin and guards Andrew Nembhard and T.J. McConnell each signed long-term deals worth eight figures annually this offseason.

The Pacers will likely have to exceed the luxury tax threshold in 2025/26 to pay Turner market value and retain their core group.

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