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Grizzlies’ Derrick Rose Gave Up Full Salary

September 24th, 2024 at 3:03pm CST by Luke Adams

Veteran point guard Derrick Rose won’t receive any of his $3,356,271 salary for the 2024/25 season after being waived by the Grizzlies, reports Tim MacMahon of ESPN (Twitter link). According to MacMahon, the full amount will come off Memphis’ books, leaving the team with no cap hit for Rose.

It’s a little surprising that Rose – who will turn 36 next Friday and has been limited to 77 total games over the past three seasons due to injuries – would opt to forfeit a guaranteed $3.3MM+ salary. However, it was reported at the time of his release on Monday that the Grizzlies were letting him go at his request, so it makes sense that the team wasn’t prepared to grant that request and pay him his full salary.

Getting that $3.36MM off the books is important for the Grizzlies, given their proximity to the luxury tax line. Without a cap hit for Rose, Memphis is now approximately $5.98MM below the tax threshold with 13 players on standard contracts. Rose’s buyout will allow the club to carry a full 15-man roster without going into the tax — with his contract on the books, the Grizzlies would’ve gone into tax territory by signing two new players to minimum-salary deals.

That doesn’t mean the Grizzlies will definitely make two roster additions in the coming weeks, as carrying a 14-man standard roster into opening night in order to create some additional in-season flexibility remains an option for the team. However, that extra financial breathing room should come in handy sooner or later. It also gives Memphis the option of using a portion of its mid-level exception to offer more than the veteran’s minimum to a 14th man without going into the tax.

Rose is the second player in 2024/25 to give up his entire remaining salary as part of a buyout agreement. Sasha Vezenkov surrendered his $6.66MM salary with the Raptors in order to return to Europe on a lucrative long-term deal with Olympiacos.

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Raptors Sign, Waive Quincy Guerrier

September 24th, 2024 at 2:59pm CST by Luke Adams

2:59pm: The Raptors have waived Guerrier, putting him on track to become an affiliate player for the Raptors 905, tweets Murphy. The team once again has an open spot on its 21-man preseason roster.

10:49am: Nearly three months after his agreement was initially reported, undrafted free agent forward Quincy Guerrier has officially signed an Exhibit 10 contract with the Raptors, tweets Blake Murphy of Sportsnet.ca.

Guerrier spent two years at Oregon and two more at Syracuse before finishing out his college career by playing for Illinois as a “super-senior” in 2023/24. In 38 games (all starts) for the Fighting Illini last season, he averaged 9.6 points and 6.1 rebounds in 24.1 minutes per game, posting a shooting line of .476/.374/.569.

After going undrafted in June, Guerrier quickly agreed to terms on a training camp contract with the Raptors and joined the club for the Las Vegas Summer League. He played a limited role in three games in Vegas, averaging 4.7 PPG and 4.7 RPG in 12.9 MPG.

In all likelihood, Toronto expects Guerrier to suit up this season for the Raptors 905, their G League affiliate. Assuming he’s waived before the NBA season tips off and then spends at least 60 days with the 905, his Exhibit 10 deal will entitle him to a bonus worth up to $77.5K on top of his standard NBAGL salary.

The Raptors now have a full 21-man roster, though there’s still plenty of time to continue making tweaks before training camp gets underway next Tuesday.

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Celtics Notes: Porzingis, Tillman, Kornet, Tatum, Brown, Horford

September 24th, 2024 at 2:08pm CST by Luke Adams

After undergoing surgery in June to address a torn retinaculum and dislocated posterior tibialis tendon in his left leg, Celtics big man Kristaps Porzingis was ruled out for the start of the 2024/25 season, with an expectation that he’d be sidelined for at least five or six months. On Tuesday at the team’s media day, he offered an update on his recovery progress, telling reporters – including ESPN’s Tim Bontemps – that he’s “doing pretty good” and has increased his basketball activities ahead of training camp.

“Walking obviously with (no limp),” Porzingis said when asked about what he’s been able to do. “I’m running, I’m on the court, shooting normal. … I’m doing a lot of stuff honestly. I was already kind of with some live contact, doing some stuff and, yeah, it felt really good afterwards.”

Although Porzingis didn’t offer a specific target date or return timeline during his media day session, he recently told ESPN’s Ramona Shelburne that he’s aiming to make it back in December if his recovery continues to progress as planned. According to Shelburne, the Celtics are constantly evaluating his progress and will err on the side of caution when it comes to reinserting him into the lineup.

“I don’t know that we’re interested in putting a timeline on him because the injury is unique,” president of basketball operations Brad Stevens said on Tuesday, per Bontemps. “But as far as how he feels and the progress that he’s made, I’d say we’re very, very pleased with where he is, and maybe a little surprised.”

Here’s more on the Celtics:

  • Porzingis isn’t the only Celtics big man to have undergone surgery this offseason. According to Stevens, Xavier Tillman had a knee scope in July and Luke Kornet underwent a procedure on his wrist right after the season, but both players are recovered and good to go for camp, tweets Jared Weiss of The Athletic.
  • Star forward Jayson Tatum joked on Tuesday that no one was happier than Celtics head coach Joe Mazzulla that Tatum wasn’t named Finals MVP and then was held out of two Olympic games, since both experiences could provide added motivation heading into 2024/25, Weiss writes for The Athletic. Still, Tatum said he didn’t need any extra motivation and that he enjoyed his Olympic experience as a whole despite the “unique circumstance” of being benched for two games.
  • While Tatum downplayed his Olympic role (or lack thereof) as a source of motivation for the coming season, teammate Al Horford said he “personally was not happy about” Tatum’s sporadic minutes and Jaylen Brown‘s omission from the U.S. roster, according to Shelburne. “Those guys, they’re very special to me. And even though it was nothing against me, it motivated me and all of us for this season,” Horford said. “I know that they handled it well. They’re fine. But when you see those two guys, the amount of work that they’ve put in, the sacrifices they have made. To be on the top of their games and that happened to them, it was hard to watch (the Olympics) and not see them in the position that we would’ve hoped to see them in.” Brown, who expressed his displeasure in the summer after not being named to Team USA, added on Tuesday that he’s “extremely motivated” heading into the 2024/25 season “for obvious reasons.”
  • As Weiss relays, Tatum told reporters on Tuesday that he has been making some mechanical tweaks to his jump shot this offseason after struggling with it at the Olympics and in the 2024 postseason. “There (are) some things I could’ve fixed (earlier), but just in the midst of the playoffs trying to manage your rest and things like that, it’s a little tougher,” Tatum said. “I was still playing well, just wasn’t shooting the ball as well as I would have liked. And obviously, we were winning, so it wasn’t the time or place to try to fix things in that moment.”
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Southwest Notes: J. Smith, H. Jones, Grizzlies, Edey

September 24th, 2024 at 12:20pm CST by Luke Adams

Paolo Banchero, the No. 1 pick in the 2022 draft, won the NBA’s Rookie of the Year award in 2023, while the No. 2 pick in the ’22 class, Chet Holmgren, would have claimed the award in 2024 if not for Victor Wembanyama‘s historic season.

However, Rockets forward Jabari Smith – the third overall pick in 2022 – struggled in his first professional season, and while he improved his shooting percentages in year two, he hasn’t yet shown the kind of All-NBA potential that Banchero and Holmgren have displayed.

As Jonathan Feigen of The Houston Chronicle writes in a subscriber-only story, Smith just turned 21 in May and has intriguing tools to go along with a strong work ethic, seemingly making him a strong candidate for a breakout season in 2024/25.

Still, as Feigen acknowledges, the Rockets will want to make sure players like Alperen Sengun, Jalen Green, Fred VanVleet, and Amen Thompson have the ball in their hands frequently, which may not leave a ton of opportunities for Smith to create his own scoring chances. He’ll still be relied upon largely as an off-ball floor spacer on offense, Feigen adds, so while a third-year leap is a possibility, it might be more realistic to expect continued steady growth from the former No. 3 overall pick.

Here’s more from around the Southwest:

  • Herbert Jones admitted it was a great feeling to make the NBA’s All-Defensive First Team last season, but the Pelicans forward doesn’t want to get complacent after earning that honor for the first time in 2023/24, writes Christian Clark of NOLA.com (subscription required). “It felt amazing,” Jones said. “At the same time, you are always trying to reach for more. After I saw the news, my initial thought was, ‘You have to do it again.'”
  • Will any of the Grizzlies players currently on Exhibit 10 contracts – Miye Oni, Yuki Kawamura, Maozinha Pereira, and Armando Bacot – stick with the team into the regular season? Damichael Cole of The Memphis Commercial Appeal explores that question, suggesting that the team’s relative lack of depth in the frontcourt could make Bacot the best bet to make the 18-man roster. If the Grizzlies were to promote a two-way player like Scotty Pippen Jr. to the standard roster, it could open up a two-way slot for a camp invitee such as Bacot, Cole notes.
  • In a separate story for The Commercial Appeal, Cole spoke to Purdue assistant coach Brandon Brantley about what to expect from former Boilermakers star Zach Edey, whom the Grizzlies selected with the ninth overall pick in this year’s draft. While there are questions about how some aspects of Edey’s game will translate to the NBA, the big man’s rebounding definitely won’t be an issue at the next level, according to Brantley. “Memphis is going to have a dude in that paint that’s going to hold that paint down,” Brantley said. “Usually guys that size will try to rebound their area. He rebounds outside of his area. It means something to him.”
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Pre-Camp Roster Snapshot: Southeast Division

September 24th, 2024 at 9:35am 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 continuing our pre-camp Roster Snapshot series today with the Southeast Division. Let’s dive in…

Atlanta Hawks

There are some non-essential pieces on the Hawks‘ 15-man roster — Zeller was acquired via sign-and-trade as a necessary salary-matching piece in the Dejounte Murray deal, while Atlanta traded for Roddy because Phoenix wanted to get off his salary. Still, waiving either of them (or anyone else) in order to sign a new minimum-salary player doesn’t make sense for the Hawks, since doing so would push their team salary into tax territory.

More Exhibit 10 signees are likely coming in order to help fill out the College Park Skyhawks’ roster, but the biggest question here is what happens with Djurisic, the second-round pick who is coming off a foot surgery that will sideline him well into the fall.

Djurisic had been playing in Serbia, so there has been speculation that he’ll remain overseas as a draft-and-stash prospect. However, Nebojsa Covic – the president of Crvena Zvezda, one team linked to Djurisic – denied that his club has any plans to add him, noting that the 20-year-old is “in America.”

My best guess is that the Hawks plan to have Djurisic start the season with their G League affiliate and will consider promoting him to the 18-man roster (either on a standard or two-way contract) later in the season, once he’s fully recovered.

Charlotte Hornets

It seems safe to assume Gibson will make the Hornets‘ opening night roster, but that still leaves an open spot on the projected 15-man standard roster. Charlotte doesn’t need to fill that spot, but the club’s salary is so far below the luxury tax line that it would make sense to add a 15th man on a non-guaranteed deal.

There are plenty of free agents still available who would be fits in Charlotte. Some of the team’s camp invitees could be in the mix for that spot too, though they may also be battling for the final two-way slot alongside Diabate and Simpson.

Of the current Exhibit 10 players on the roster and those who have been reported, only Giles has too many years of NBA service to qualify for a two-way deal, so he’s a possible candidate for the standard roster.

Miami Heat

Reports throughout the offseason have indicated that the Heat aren’t interested in carrying a full 15-man roster into the regular season since doing so would push their team salary above the second tax apron. So it came as a bit of a surprise on Monday when word broke that the team had agreed to a deal with Little.

Moving slightly above the second apron isn’t that big a deal though — based on reports out of Miami, it sounds like Little’s contract will be either non-guaranteed or partially guaranteed, allowing them to waive him in a month or two (or even earlier) and duck back below the second apron if they so choose.

Plus, while teams above the second apron aren’t permitted to aggregate salaries in a trade, the Heat would still be able to do so if they’re below the second apron upon completion of the deal. So if they were operating above the second apron by $1MM and made a trade in which they aggregated three contracts in order to take back two while shedding $3MM in salary, that’d be permitted.

While the 15th spot is the bigger story to watch here, it’s also worth keeping an eye on the two-way slots. The Heat already made one change to those spots this offseason when they waived Pullin in order to sign Christopher. Stevens and Pullin (who is back on an Exhibit 10 contract) could make cases to be converted to two-way deals with strong performances in camp and the preseason.

Orlando Magic

The Magic‘s 15 players on standard contracts look set, but with only one two-way slot filled so far, they could put the other two spots up for grabs in a camp competition.

McClung is reportedly viewed as a good candidate to claim one of those two-way deals. Of the current camp invitees, only Culver – who has four years of NBA service – is ineligible to be converted to a two-way contract.

Washington Wizards

Butler appeared in 40 games for the Wizards last season, but the only way he’ll be part of this year’s opening night roster is if the team trades or waives a player on a guaranteed contract. That’s not out of the question — Baldwin is probably the player whose roster spot would be most in jeopardy, since the former first-round pick has yet to establish himself as a reliable rotation player and didn’t look great in Summer League.

Interestingly, Lewis and Nowell agreed to Exhibit 10 deals with Washington despite being ineligible for two-way deals, so they’ve either resigned themselves to joining the Capital City Go-Go or were promised a shot to compete for a standard roster spot.

Black could be in the mix for the open two-way slot here. Butler would also be two-way eligible, but he’d have to be waived and re-signed. The Wizards could also look outside the organization to fill that spot, perhaps targeting a player from another roster who’s cut during or after the preseason.

Previously:

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Spurs Sign Jameer Nelson Jr.

September 24th, 2024 at 7:48am CST by Luke Adams

The Spurs have signed free agent guard Jameer Nelson Jr., according to Paul Garcia of The Spot Up Shot, who cites the team’s official roster page.

While the terms of the agreement aren’t known, it’s likely a non-guaranteed Exhibit 10 contract. An Exhibit 10 contract can be converted to a two-way deal prior to the regular season (the Spurs have one open slot) or can make a player eligible to earn 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 (in this case, the Austin Spurs).

The son of longtime NBA point guard Jameer Nelson, Jameer Jr. spent his first two college seasons at George Washington, followed by two years at Delaware and a single season at TCU in 2023/24. As a super-senior for the Horned Frogs, he averaged 11.2 points, 3.3 assists, 2.6 rebounds, and 2.1 steals in 25.0 minutes per game across 34 appearances (22 starts), with a shooting line of .434/.306/.738.

After going undrafted in June, Nelson caught on with the Spurs for Summer League play, appearing in eight total games with the team in the California Classic and Las Vegas leagues. He struggled with his shot (.277/.267/.600) in a limited role (11.2 MPG), but it appears the Spurs still envision him having a spot on their G League team.

San Antonio now has a full 21-man roster, though more moves are expected in the coming days and weeks.

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Warriors Sign Blake Hinson To Exhibit 10 Contract

September 24th, 2024 at 6:30am CST by Luke Adams

SEPTEMBER 24: The Warriors have officially signed Hinson, per RealGM’s NBA transaction log.

SEPTEMBER 19: The Warriors and free agent wing Blake Hinson have agreed to terms on an Exhibit 10 contract, league sources Michael Scotto of HoopsHype (Twitter link).

Hinson began his college career at Ole Miss in 2018 and spent two years with the program before transferring to Iowa State. He never ended up playing for the Cyclones, transferring again to Pittsburgh, where he played from 2022-24. The 24-year-old put up impressive stats in his super-senior year in ’23/24, averaging 18.5 points and 4.4 rebounds per game. He was one of the NCAA’s best outside shooters, making 42.1% of 7.9 three-point attempts per game.

After going undrafted in June, Hinson signed a two-way deal with the Lakers during the first week of July and played for the team at the Las Vegas Summer League. However, he was waived on Monday when Los Angeles needed to open up a two-way slot for big man Christian Koloko. Hinson, who cleared waivers on Wednesday, chose Golden State over “several” interested clubs, according to Scotto.

While Hinson’s Exhibit 10 deal will make him eligible to be converted to a two-way contract before the regular season begins, the Warriors have no shortage of candidates for those spots — all three two-way slots are currently occupied and second-round pick Quinten Post is still expected to sign a two-way deal, supplanting one of the current players.

Hinson may end up being waived and then earning an Exhibit 10 bonus worth up to $77.5K by spending at least 60 days with the Santa Cruz Warriors, Golden State’s G League affiliate.

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Suns Sign Moses Wood To Exhibit 10 Contract

September 24th, 2024 at 6:15am CST by Rory Maher

SEPTEMBER 24: The signing is official, according to RealGM’s transaction log.

SEPTEMBER 23: The Suns plan to sign Moses Wood to an Exhibit 10 contract, league sources tell Michael Scotto of HoopsHype (Twitter link).

Wood went undrafted in June, making him an unrestricted free agent. He played five college seasons with Tulane, UNLV, Portland and Washington from 2018-24. As a “super senior” with the Huskies in 2023/24, the 6’8″ forward averaged 11.9 PPG and 4.5 RPG while shooting 39.6% from three-point range in 32 games (32.5 MPG).

Wood is a strong outside shooter, having made 40.4% of his career three-point attempts in college. The 25-year-old suited up for the Hawks’ Summer League team in July, Scotto notes, though he struggled with his shot in four appearances, going 6-of-21 from behind the arc (28.6%). Overall, he averaged 5.5 PPG and 3.0 RPG in 22.4 MPG with Atlanta in Las Vegas.

The transaction is almost certainly designed to give Wood an opportunity to earn a bonus worth up to $77.5K if he’s waived before the season begins and spends at least 60 days with Phoenix’s new NBA G League affiliate, the Valley Suns.

The Suns currently have 18 players under contract, with Wood joining several players who have reportedly agreed to Exhibit 10 deals that are not yet official.

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Pistons Announce Coaching Staff Under Bickerstaff

September 23rd, 2024 at 10:46pm CST by Dana Gauruder

The Pistons have officially announced new head coach J.B. Bickerstaff’s staff via a press release.

Luke Walton, Sidney Lowe, Fred Vinson, Vitaly Potapenko, Kevin Burleson, Jerome Allen and Josh Estes have been named as assistants.

Walton’s decision to join Bickerstaff was reported in mid-July. The former Kings and Lakers head coach comes to Detroit after spending the last two seasons in Cleveland on Bickerstaff’s staff. Lowe’s decision to join Bickerstaff was also revealed in July. This will be his third stint in Detroit, where he served as an assistant during the 2005/06 season and again from 2018 to 2021.

Vinson was hired in June prior to the Pistons’ decision to fire Monty Williams with five years remaining on his contract. Vinson spent 14 years with the Pelicans organization and is highly regarded for his expertise as a shooting instructor.

Potapenko spent the last six years with Memphis, while Burleson had been the head coach of the Rockets’ NBA G League affiliate, the Rio Grande Valley Vipers, the last two seasons. Allen was a candidate for the head coaching job after Williams’ dismissal and spent two seasons on Dwane Casey‘s staff in Detroit. He served as a pro personnel scout for the Celtics last season.

Estes spent the last four seasons as a coaching analyst and analytics coordinator in Cleveland under Bickerstaff.

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