Transactions Rumors | Hoops Rumors

Jazz To Waive Jason Preston

November 20th, 2024 at 4:49pm CST by Alex Kirschenbaum

The Jazz will waive two-way player Jason Preston, sources tell Michael Scotto of HoopsHype (Twitter link).

Utah had to make a move to open up a two-way roster spot after it was reported earlier today that the team would ink free agent rookie swingman David Jones to a two-way deal. Scotto notes that Preston has been sidelined due to a calf strain.

A 6’4″ point guard, Preston was initially selected with the No. 33 pick in 2021 out of Ohio University and began his NBA career with the Clippers. He missed his entire rookie season with a right foot injury and was cut ahead of the 2023/24 season after appearing in 14 NBA games in ’22/23.

Preston began last season with the Memphis Hustle, the Grizzlies’ G League squad, then caught on with the Jazz in January on a two-way deal. He spent the rest of the season shuttling between the NBA roster and the Salt Lake City Stars, Utah’s NBAGL affiliate.

Across 21 career NBA contests with the Clippers and Jazz, Preston has averaged 2.5 points, 2.0 assists and 1.9 rebounds per game.

In 52 G League regular season games with the Ontario Clippers, Hustle and Stars, Preston holds averages of 16.5 PPG, 8.6 APG, 7.7 RPG, and 1.2 SPG on .490/.406/.862 shooting. He recorded 10 triple-doubles with the Hustle and Stars last year, Scotto notes.

According to Tony Jones of The Athletic (Twitter link), it is anticipated that Preston will remain in Salt Lake City during his rehab from the calf strain. Utah is said to like Preston and has interest in potentially bringing him back in some capacity when he recuperates.

Jazz To Sign David Jones To Two-Way Contract

November 20th, 2024 at 2:57pm CST by Luke Adams

The Jazz and free agent wing David Jones have agreed to a two-way contract, agents Deirunas Visockas and Guillermo Bermejo tell Shams Charania of ESPN (Twitter link).

Jones had a highly productive junior campaign for Memphis in 2023/24, averaging 21.8 points, 7.6 rebounds, and 2.2 steals per game on .459/.380/.797 shooting in 32 contests (32.3 MPG). A native of the Dominican Republic, Jones had previous collegiate stops at DePaul and St. John’s before transferring to the Tigers.

Shortly after going undrafted in June, Jones agreed to an two-way deal with the Sixers and played for Philadelphia’s Summer League teams in both Salt Lake City and Las Vegas, averaging 9.1 PPG, 5.6 RPG, and 1.6 SPG in seven games (18.2 MPG). However, he was waived by the 76ers in September, just ahead of training camp, when the team needed to open up a two-way slot for Lester Quinones.

Jones began his first professional season playing for the Mexico City Capitanes in the G League this fall. He averaged 21.3 PPG, 6.3 RPG, and 3.5 APG on .475/.316/.789 shooting in his first four NBAGL outings.

Utah doesn’t currently have a two-way slot available, so the club will have to waive one of its current two-way players (Jason Preston, Micah Potter, or Oscar Tshiebwe) in order to make room for Jones.

Pelicans Sign Elfrid Payton, Waive Jaylen Nowell

November 20th, 2024 at 12:34pm CST by Luke Adams

12:34pm: The Pelicans have officially signed Payton and waived Nowell, the team confirmed in a press release. As expected, Payton’s deal is non-guaranteed, tweets Christian Clark of NOLA.com.

7:19am: The Pelicans and free agent guard Elfrid Payton have agreed to a deal, agent Darrell Comer tells Shams Charania of ESPN.

As Charania notes, the agreement will reunite Payton and Pelicans head coach Willie Green, who were teammates on the Magic during the 2014/15 season, Green’s last as a player — and Payton’s first.

The 10th overall pick in the 2014 draft, Payton has 500 regular season appearances under his belt across eight NBA seasons with the Magic, Suns, Pelicans, and Knicks. However, he hasn’t been on a regular season roster since suiting up for Phoenix during the 2021/22 season. The 30-year-old played in Puerto Rico in 2023 and then spent last season with the Indiana Mad Ants, the Pacers’ G League affiliate.

A Louisiana native who played college ball for the Ragin’ Cajuns in Lafayette, Payton has never been a great shooter, with career averages of 44.7% from the floor and 28.7% from beyond the arc. However, he’s a talented ball-handler and play-maker who averaged 10.1 points, 5.7 assists, and 4.0 rebounds in 26.8 minutes per game over the course of his NBA career.

Payton was briefly in camp with the Pelicans last month and joined their G League affiliate, the Birmingham Squadron, to start the season.

While it appears that New Orleans could qualify for a hardship exception as a result of injuries to Dejounte Murray (hand), Herbert Jones (shoulder), Zion Williamson (hamstring), CJ McCollum (thigh), Jose Alvarado (hamstring), and Jordan Hawkins (back), Charania reports that the team is waiving Jaylen Nowell in order to create a spot on the 15-man roster for Payton.

That suggests that the Pelicans either expect some of their injured players to return within the next couple weeks or want to avoid pushing their payroll into luxury tax territory.

Nowell averaged 8.4 points, 2.5 rebounds, and 2.3 assists in 21.0 minutes per game during eight outings with the Pelicans, posting a shooting line of just .356/.296/.636. He had been on a non-guaranteed contract, so the Pelicans will take on a modest cap hit for the time he spent on the roster. If he’s officially waived on Wednesday, Nowell’s cap charge will work out to $278,782.

The details of Payton’s deal have yet to be reported, but it will likely be a non-guaranteed minimum-salary contract like Nowell’s.

Pacers Sign Center Moses Brown

November 20th, 2024 at 9:43am CST by Dana Gauruder

NOVEMBER 20: The Pacers have officially signed Brown, per NBA.com’s transaction log. The expectation is that he’ll be active in Houston vs. the Rockets on Wednesday, tweets Dopirak.

NOVEMBER 18: The Pacers are filling their roster opening by signing center Moses Brown, Shams Charania of ESPN tweets.

Indiana has essentially been going with a 12-man roster, not including two-way players, after centers James Wiseman and Isaiah Jackson suffered season-ending Achilles tears. Brown will provide much-needed depth in that area. Starting center Myles Turner is currently dealing with calf soreness.

Brown is expected to join Indiana on Wednesday, Dustin Dopirak of the Indianapolis Star tweets. The big man’s contract will be non-guaranteed, ESPN’s Bobby Marks tweets, meaning he’ll make $13,939 every day he’s on the roster.

Brown had been on the roster of the Westchester Knicks, New York’s G League affiliate. Brown was signed and waived by the Knicks in October on an Exhibit 10 deal.

Brown hasn’t stuck with an NBA team for more than a single season since making his debut in 2019, but he has racked up 150 regular season appearances in stints with the Trail Blazers (twice), Thunder, Mavericks, Cavaliers, Clippers, and Nets. He holds career averages of 5.2 points and 5.0 rebounds in 11.9 minutes per game.

Brown spent the 2023/24 campaign under contract with the Trail Blazers, appearing in 22 games and posting averages of 3.4 PPG and 3.9 RPG in 9.1 MPG.

Thunder Sign Branden Carlson

November 16th, 2024 at 9:34am CST by Tristan Tucker

The Thunder signed Branden Carlson, according to a release from the team (Twitter link via NBA insider Marc Stein). The deal is a one-year standard contract, per HoopsHype’s Michael Scotto (Twitter link).

Carlson was suiting up for the Raptors 905, Toronto’s G League, to begin the season. The former Utah big man spent most of the offseason on a two-way contract with Toronto after going undrafted in 2024. However, he was waived in training camp to open up a two-way slot for Jamison Battle and wound up as a G League affiliate player. He averaged 14.3 points, 8.7 rebounds, 3.0 assists and 1.7 blocks per game while shooting 51.5% from the field in his first three outings with the Raptors 905.

This signing comes off the heels of Malevy Leons being waived on Friday. The Thunder are using their 15th roster spot to cycle through big men while dealing with injuries in their frontcourt to Chet Holmgren and Isaiah Hartenstein. Alex Reese opened the season on a standard deal before being waived in a favor of Leons. Now, the Thunder have swapped out Leons for Carlson.

It’s important to note that players and teams can’t agree to 10-day deals until January. So these signings are not official 10-day contracts, even if they’re being deployed in a similar fashion to them. Carlson’s deal is almost certainly structured like Reese’s and Leons’ were, making it a non-guaranteed, minimum-salary agreement. The Thunder had Reese on the roster from Oct. 22-29 and incurred a $79,804 cap hit for having him on the roster. Leons’ dead-money cap hit will come in a little above that.

Of course, the Thunder could opt to keep Carlson on the roster until or even after the league-wide salary guarantee date in January after he posted more than solid numbers in the G League. The 7’0″ center provides size and plenty of college experience as a five-year player at Utah, where he averaged 17.0 points, 6.6 rebounds and 1.5 blocks on a .501/.379/.714 shooting line in his final collegiate season.

Thunder Waive Malevy Leons

November 15th, 2024 at 10:55pm CST by Rory Maher

The Thunder have waived forward/center Malevy Leons, the team announced.

Leons, who went undrafted in June out of Bradley, initially signed an Exhibit 10 contract with Oklahoma City in September. He was waived on Oct. 19, but was re-signed on Oct. 31, when the Thunder cut Alex Reese.

Leons’ contract was a non-guaranteed one-year deal worth the prorated rookie minimum. OKC will carry a relatively small dead-money cap hit for waiving the 25-year-old, who was born in the Netherlands.

Leons appeared in five games for the Thunder, playing a total of 17 garbage-time minutes. He recorded two points, two rebounds and one assist in those contests.

It’s unclear why exactly the Thunder decided to sign and waive both Reese and Leons so early in the season, but from a big-picture perspective, it doesn’t change much about their cap outlook. They’re still $10MM+ below this season’s luxury tax line, which is set at $170,814,000.

The Thunder now have 14 players on standard contracts, with all three two-way spots filled.

Knicks Officially Complete Three Roster Moves

November 5th, 2024 at 2:06pm CST by Luke Adams

The Knicks have formally completed a trio of roster moves, per the NBA’s official transaction log. The three moves, which were previously reported, are as follows:

Signed Matt Ryan to a standard contract (story)
Promoted Ariel Hukporti from a two-way contract to a standard contract (story)
Signed Boo Buie to a two-way contract (story)

As we detailed in our individual stories on the signings, the Knicks had been carrying 12 players on standard contracts and had to get to 14 by Tuesday, since teams are only permitted to carry fewer than 14 players on their standard rosters for up to 14 days at a time. New York had done so since the regular season begin two weeks ago.

Elevating Hukporti from his two-way deal to the standard roster created a two-way opening, which the Knicks filled by signing Buie. The team now has 17 total players under contract.

Ryan’s new deal with the Knicks is a one-year, minimum-salary contract that is non-guaranteed, per Ian Begley of SNY.tv and Stefan Bondy of The New York Post (Twitter links). The first year on Hukporti’s new contract, previously said to be a two-year deal with a second-year team option, is also non-guaranteed, Begley adds (via Twitter).

Ryan’s prorated cap hit is $1,919,558, while Hukporti’s is $1,064,049. Those two cap charges bump the Knicks’ total team salary to $188,350,128, giving the team nearly $581K in breathing room below its $188,931,000 hard cap.

New York could swap in a new 14th man by waiving Ryan before his salary becomes fully guaranteed on January 7. If Ryan remains on the roster and the team doesn’t make any trades, the front office will have to wait until February 25 to be able to squeeze in a 15th man on a veteran’s minimum contract below the hard cap, tweets ESPN’s Bobby Marks.

Landry Shamet is a player to watch over the course of the season, since he appeared to be on track to claiming a roster spot out of training camp before dislocating his shoulder. If he recovers from that injury in the coming months, he could eventually supplant Ryan as the 14th man or fill the open 15th slot (after Feb. 25).

Knicks, Boo Buie Agree To Two-Way Deal

November 5th, 2024 at 8:46am CST by Luke Adams

The Knicks have agreed to sign rookie guard Boo Buie to a two-way contract, sources tell ESPN’s Shams Charania (Twitter link). He’ll fill the two-way slot that is opening up as a result of Ariel Hukporti‘s promotion to the standard roster.

Buie, a 6’2″ guard, went undrafted in June after spending his entire five-year college career at Northwestern. As a super-senior in 2023/24, he averaged 19.0 points, 5.0 assists, 3.3 rebounds, and 1.4 steals in 36.9 minutes per game across 34 starts, posting a shooting line of .438/.434/.858. He was named to the All-Big Ten first team in both 2023 and 2024.

Reporting on draft night indicated that Buie would sign an Exhibit 10 contract with Phoenix, but he ended up signing an Exhibit 10 deal with the Knicks instead. He was in camp with the team just briefly and reported to the Westchester Knicks – New York’s G League affiliate – this fall.

While Buie will likely still spend plenty of time in Westchester, his new two-way deal will also allow him to play for the Knicks’ NBA squad and will give him a significant salary bump. Assuming the signing is officially finalized on Tuesday and he spends the rest of the season on that two-way contract, the 24-year-old will earn $532,025.

Signing Buie to a two-way contract means the Knicks intend to sign Matt Ryan to a standard deal. Word broke on Monday that New York had agreed to sign Ryan, but it wasn’t clear if the veteran sharpshooter would be added to the main roster along with Hukporti or if he’d fill the open two-way slot. We know now it’s the former.

The Knicks’ other two-way players are Jacob Toppin and rookie Kevin McCullar.

Knicks To Sign Matt Ryan

November 4th, 2024 at 12:43pm CST by Rory Maher

The Knicks and free agent forward Matt Ryan have agreed to a contract, reports Michael Scotto of HoopsHype (Twitter link).

ESPN’s Shams Charania (Twitter link) and Ian Begley of SNY.tv have confirmed the news (via Twitter).

According to Begley, while Ryan will definitely be signing with the Knicks, the terms of the contract have yet to be finalized. The 27-year-old could fill New York’s open two-way spot once Ariel Hukporti is officially promoted to a standard deal, or he could be signed to a standard non-guaranteed contract.

New York is currently carrying 12 players on standard contracts to open the season and needs to get to at least 14, the league-mandated minimum, by November 5.

Charania reported just before the season began that Ryan was on the Knicks’ radar, and their G League affiliate in Westchester made him the No. 1 overall pick of the 2024 NBAGL draft a few days later.

A native of White Plains, New York, Ryan spent almost the entire 2023/24 season on a two-way deal with the Pelicans before being converted to a standard multiyear deal on the final day of the regular season. Over the offseason, he waived by New Orleans, re-signed on a new non-guaranteed deal, and then waived again, making him an unrestricted free agent.

Ryan is mostly known for his outside shooting ability, having converted 41.1% of his three-point tries in 63 career games with the Celtics, Lakers, Timberwolves and Pelicans (11.2 MPG). 2024/25 will be his fourth NBA season.

Knicks To Promote Ariel Hukporti To Standard Roster

November 4th, 2024 at 8:40am CST by Luke Adams

The Knicks and Ariel Hukporti have reached an agreement on a new standard contract that will promote the rookie center from his two-way deal to the 15-man roster, reports Shams Charania of ESPN (Twitter link).

According to Charania, Hukporti will sign a two-year contract that includes a team option for the 2025/26 season. While Charania doesn’t specify the financial terms, it figures to be a minimum-salary deal.

The 58th overall pick in this year’s draft, Hukporti logged 12 minutes in last Monday’s loss to Cleveland but has otherwise only seen garbage-time action in the early going this season. The 22-year-old has grabbed seven rebounds and blocked four shots in 29 total minutes across four appearances.

Under normal circumstances, the Knicks likely would’ve kept Hukporti on his two-way contract for most or all of his rookie season, but his promotion had been expected for a few weeks due to the team’s hard cap situation.

New York is carrying 12 players on standard contracts to open the season and needs to get to at least 14, the league-mandated minimum, by November 5. However, the team doesn’t have enough flexibility below its hard cap to simply sign two veteran free agents to minimum-salary contracts, meaning at least one of those two roster additions has to be a rookie who was on a two-way deal with the Knicks or whose draft rights the Knicks held. Hukporti had been viewed as the leading candidate since training camp.

If his promotion becomes official on Monday, Hukporti’s first-year cap hit will be $1,070,699, leaving the team approximately $2.5MM below the hard cap, with one more roster addition to come. If the two sides don’t finalize the rookie’s new deal until Tuesday, his 2024/25 cap hit would be $1,064,049.

While the Knicks will have to add one more player to their standard roster by Tuesday, Hukporti’s promotion opens the door for the club to make two additional signings, since it creates a two-way opening. Matt Ryan is considered a strong candidate to join the NBA squad in some capacity, perhaps filling that open two-way slot.

Landry Shamet was expected during the preseason to be part of the Knicks’ regular season roster, but his dislocated shoulder has complicated that plan — it’s possible the team will sign a healthy player to a non-guaranteed contract as its 14th man for now and pivot to Shamet later in the season if and when he has recovered. The veteran wing is currently rehabbing with the Westchester Knicks, New York’s G League affiliate.

Whether the Knicks exercise or decline Hukporti’s 2025/26 option at the end of this season, they’ll be able to make him a restricted free agent when his current contract expires, putting them in position to lock him up to a longer-term contract at that time if his development is trending in the right direction.