Transactions Rumors | Hoops Rumors

Celtics Land Jrue Holiday In Trade Involving Robert Williams, Malcolm Brogdon

October 1st, 2023 at 3:33pm CST by Arthur Hill

3:33pm: The Celtics have officially announced the acquisition of Holiday in a press statement.

11:02am: The Celtics will acquire Jrue Holiday from the Trail Blazers in exchange for Robert Williams, Malcolm Brogdon and draft assets, tweets ESPN’s Adrian Wojnarowski.

The draft picks are Golden State’s first-rounder in 2024 and Boston’s unprotected first-rounder in 2029, sources tell Wojnarowski. The Warriors’ pick is top-four protected.

The Celtics were among Holiday’s preferred destinations after he was sent from Milwaukee to Portland in the Damian Lillard deal, Woj adds. He notes that Boston had to make a significant offer to beat out several teams that were pursuing the 33-year-old guard.

Holiday will make roughly $35MM this season and holds a $37.4MM player option for 2024/25. The Celtics are believed to want to work a long-term deal, and he will become eligible for an extension during the second half of the season, tweets Bobby Marks of ESPN.

Marks also points out that the trade with Portland wouldn’t be permitted next year because Boston will be above the second apron. He notes that teams in that position have an incentive to maximize their assets before the strictest provisions in the new CBA take effect.

The addition of Holiday provides the Celtics with an emphatic answer to the Bucks’ acquisition of Lillard on Wednesday. Those two trades position Boston and Milwaukee as the clear favorites for the top seed in the Eastern Conference.

Holiday will help replace the tough defensive presence the Celtics lost when they traded Marcus Smart to Memphis. He can share ball-handling duties with Derrick White and won’t have to be a full-time point guard like he was with the Bucks.

Boston has a hole to fill with the loss of Williams, but the team holds a $6.2MM trade exception that it could use in its search for a replacement, points out Yossi Gozlan of HoopsHype (Twitter link). If the Celtics can’t find a big man they like, they could use they exception on another player and try to use him in a trade for a center in two months.

After facing a limited market for Lillard throughout the summer, the Trail Blazers have radically reshaped their roster with a pair of deals. In addition to Brogdon and Williams, Portland also acquired Deandre Ayton and Toumani Camara, along with three total first-rounders and a pair of pick swaps with Milwaukee.

Brogdon has two years left on his contract at $22.5MM each season, while Williams will make $11.6MM and $12.4MM over the next two years. Portland plans to hold onto Williams and pair him with Ayton in the frontcourt, Wojnarowski tweets. He adds that teams have expressed interest in Brogdon throughout the summer, and he seems to be a logical trade candidate with the Blazers committed to their young guards.

The Clippers, who nearly traded for Brogdon when the Celtics acquired Kristaps Porzingis, are an obvious choice to pursue him now, tweets Andrew Greif of The Los Angeles Times. Greif also hears that the competition for Holiday came down to L.A. and Boston.

Clippers Waive Jason Preston

October 1st, 2023 at 2:40pm CST by Alex Kirschenbaum

Clippers point guard Jason Preston is being waived by L.A., reports Law Murray of The Athletic (Twitter link). The team has officially confirmed the move.

Preston’s $1.8MM non-guaranteed salary for 2023/24 would have become fully guaranteed had he remained with the club through Sunday. Earlier this week, team president of basketball operations Lawrence Frank had indicated that the Clippers were still considering whether or not to retain Preston into training camp.

John Hollinger of The Athletic tweets that this move had been anticipated given that L.A. already has 15 players on guaranteed standard contracts. Hollinger adds that the 6’4″ guard may have intriguing upside as a two-way signing somewhere. The Clippers currently have all three of their two-way slots occupied.

Preston, 24, was selected with the No. 33 pick in the 2021 draft out of Ohio, but missed the entirety of what would have been his rookie campaign in 2021/22 after undergoing a preseason foot surgery. He appeared in a scant 14 games for the Clippers in 2022/23, averaging 2.9 PPG, 1.9 APG and 1.6 RPG across 8.9 MPG.

That said, Preston showed some promise with his club’s G League team in 2022/23. In 21 games with L.A.’s NBAGL affiliate, the Ontario Clippers, Preston averaged 16.7 PPG, 6.7 APG, 5.2 RPG and 0.7 SPG. He posted a shooting line of .486/.372/.844.

Kings Sign, Waive James Akinjo

September 30th, 2023 at 10:00pm CST by Rory Maher

10:00pm: The Kings have waived Akinjo, per RealGM’s transactions log.

3:02pm: The Kings have signed free agent guard James Akinjo to a training camp deal, a league source tells Keith Smith of Spotrac (Twitter link). The signing is official, according to RealGM’s transactions log.

The terms of the deal were not disclosed, but training camp contracts typically feature an Exhibit 10 clause. If that’s the case here, Akinjo would receive a $75K bonus if he’s waived before the season starts and spends at least 60 days with the Sacramento’s NBA G League affiliate in Stockton.

A couple weeks ago, Stockton acquired Akinjo’s returning player rights in a G League trade with the Westchester Knicks. That strongly suggests his new contract was designed for him to head to Stockton in 2023/24.

A 6’1″ point guard, Akinjo played four college seasons with Georgetown, Arizona and Baylor, respectively, prior to going undrafted in 2022. He signed an Exhibit 10 deal with the Knicks last fall and was waived prior to ’22/23.

Akinjo, 22, averaged 14.4 PPG, 6.3 APG, 3.3 RPG and 1.3 SPG in 20 regular season games (29.4 MPG) with Westchester last season, posting a .439/.340/.769 shooting line.

The Kings now have 20 players under contract.

Grizzlies Sign Mulder, Hurt; Waive Christopher, Todd

September 30th, 2023 at 6:32pm CST by Arthur Hill

The Grizzlies have signed guard Mychal Mulder and forward Matthew Hurt, the team announced on Twitter. Guard Josh Christopher and forward Isaiah Todd were waived to make room on the roster.

Mulder, 29, has 84 games of NBA experience with the Warriors, Magic and Heat. He spent last season in the G League with Sioux Falls, where he led the league by making 129 three-pointers.

Hurt, 23, played for the Grizzlies’ G League affiliate last season, averaging 13.9 points, 3.9 rebounds and 1.3 assists in 45 G League Showcase and regular season games with the Memphis Hustle.

The Grizzlies acquired Christopher from the Rockets in the five-team trade in July that sent Dillon Brooks to Houston. Christopher, 21, was the 24th pick in the 2021 draft and averaged 6.9 points, 1.9 rebounds and 1.6 assists in 138 games during his two seasons with the Rockets. Christopher’s $2.5MM salary for the upcoming season is guaranteed, so Memphis will be on the hook for the full amount unless he’s claimed on waivers.

Todd, 21, spent the past two seasons with the Wizards and came to Memphis in July in a trade with the Suns. His $1.8MM salary for 2023/24 is also guaranteed.

Today’s moves should clarify the Grizzlies’ roster situation heading into training camp. With Christopher and Todd gone, Memphis is down to 15 fully guaranteed contracts.

Spurs Buy Out Reggie Bullock

September 30th, 2023 at 6:23pm CST by Arthur Hill

6:23pm: The Spurs announced that Bullock has been waived, McDonald tweets.

4:09pm: The Spurs and veteran swingman Reggie Bullock have reached an agreement on a contract buyout, tweets Shams Charania of The Athletic. Several contending teams are expected to pursue Bullock once he clears waivers, Charania adds.

There’s no word on how much money Bullock gave up in the buyout, but he had one year remaining on his contract at $10.5MM.

There was speculation that Bullock might be competing for a roster spot with Cedi Osman, who was acquired from the Cavaliers during the offseason, according to Jeff McDonald of The San Antonio Express-News. Bullock’s departure seems to increase Osman’s chances of staying with the team, McDonald adds.

San Antonio acquired Bullock in July as part of the three-team deal that sent Grant Williams from Boston to Dallas. The Spurs also received the option to swap first-round picks with the Mavericks in 2030. Because of the trade, Dallas is the only team that won’t be eligible to sign Bullock once he becomes a free agent.

Bullock, 32, spent the past two seasons with Dallas, serving as a part-time starter. His scoring average fell to 7.2 PPG last season, the lowest since 2018/19, but he still shot 38% from three-point range. It’s his ability to stretch defenses that will make him popular on the open market.

The Spurs were Bullock’s seventh team in his 10 NBA seasons. The Clippers made him the 25th overall pick in 2015, but the only place he stayed for more than two years was Detroit.

The move eases the roster crunch for San Antonio, which has 16 players remaining on guaranteed contracts. At least one of them will have to be waived or traded before opening night.

Pacers Sign, Waive Elfrid Payton, Jordan Bell

September 30th, 2023 at 3:00pm CST by Rory Maher

SEPTEMBER 30: The Pacers have waived both Payton and Jordan Bell, per a press release. Bell was also signed to an Exhibit 10 contract. Indiana now has 18 players on its roster.

SEPTEMBER 29: The Pacers have signed free agent point guard Elfrid Payton, the team announced in a press release.

While the terms of the deal were not disclosed, Scott Agness of Fieldhouse Files tweets that the deal was designed for Payton to return to the Mad Ants, Indiana’s NBA G League affiliate. That strongly suggests Payton received an Exhibit 10 contract, which would entitle him to a bonus worth up to $75K if he’s waived before the season starts and spends at least 60 days with the Mad Ants.

A former lottery pick (10th overall in 2014), Payton appeared in 500 regular season games over eight seasons with the Magic, Suns (twice), Pelicans and Knicks. His last NBA stint came back in 2021/22 with Phoenix, when he averaged a career-low 11.0 minutes over 50 games with the Suns.

Last season, Payton had a brief stint playing professionally in Puerto Rico before joining the Mad Ants to finish out the campaign. In 10 regular season games (20.5 minutes) with the Mad Ants, the 29-year-old averaged 7.9 points, 6.0 assists, 3.9 rebounds and 1.4 steals, with a subpar .424/.286/.333 shooting line.

Payton reportedly had workouts with the Hornets and Timberwolves this offseason, but was unable to find an NBA contract. Instead, he’ll reportedly be heading back to the Mad Ants to open ’23/24.

The Pacers now have 20 players under contract, including 15 on guaranteed standard deals and all three two-way slots filled.

Pelicans Sign Malcolm Hill, Four Others

September 30th, 2023 at 9:11am CST by Tristan Tucker

9:11am: The Pelicans announced the signings of Hill, Jones, Jemison and Robbins, along with Nolley.

New Orleans also confirmed the signing of Kaiser Gates to a two-way contract, which became official earlier in the week. The Pelicans’ offseason roster now stands at 21.

8:18am: The Pelicans have officially signed Malcolm Hill, Tevian Jones, Trey Jemison and Liam Robbins, according to RealGM’s transaction log. We previously wrote that New Orleans had agreed to sign Jones, Jemison and Robbins, but the Hill signing hadn’t been covered.

Hill, 27, has 24 games of NBA experience across stints with the Hawks and Bulls holding averages of 3.2 points and 1.6 rebounds. Most recently, Hill spent time with Chicago on a two-way contract, but was waived in February.

A product of Illinois, Hill has received more extensive playing time in the G League. In 32 regular season and Showcase Cup appearances last season with the Windy City Bulls (Chicago’s affiliate) and Birmingham Squadron (New Orleans’ affiliate), Hill averaged 15.4 points, 5.7 rebounds and 1.6 steals.

It was reported in August that Jemison would be receiving an Exhibit 10 contract, and it’s likely safe to assume that’s the type of deal Hill, Jones and Robbins received from the Pelicans as well. If that’s indeed the case, all four players would be eligible for a bonus of up to $75K if they are waived by the Pelicans before the season begins and spend at least 60 days with Birmingham.

The signings of all four players brings New Orleans to 20 players under contract, one short of the offseason maximum. New Orleans has 14 players on standard contracts and two players signed to two-way deals. However, New Orleans is a bit over the tax and isn’t likely looking to keep a 15th standard player on the opening night roster in case they can duck under the tax. That means filling out the final open two-way spot is likely their primary goal, and one of these players could fill that spot.

It’s important to note that Landers Nolley was also reported to be joining New Orleans, but that deal has yet to be made official. It’s possible Nolley will fill the 21st and final spot on the team’s offseason roster.

DJ Steward Signs Training Camp Deal With Celtics

September 30th, 2023 at 7:25am CST by Arthur Hill

SEPTEMBER 30: Steward’s contract with Boston is now official, according to RealGM’s transaction log.

AUGUST 12: The Celtics have reached an agreement on a training camp contract with former Duke guard DJ Steward, tweets ESPN’s Adrian Wojnarowski.

Sources tell Wojnarowski that Steward will be given a chance to earn a two-way contract. Boston has one spot open, with JD Davison and Jay Scrubb already holding two-way deals.

Steward signed with the Kings in 2021 and 2022 and wound up in the G League both years. In April, he joined the Vancouver Bandits in the Canadian Elite Basketball League.

The 21-year-old played for the Sixers in the Las Vegas Summer League, where he averaged 16.2 points, 2.8 rebounds and 2.8 assists in five games.

Steward’s signing will give the Celtics 16 players under contract, five short of the offseason limit.

Clippers Sign Joshua Primo To Two-Way Contract

September 29th, 2023 at 6:16pm CST by Luke Adams

6:16pm: Primo’s two-way deal is official, the Clippers announced (via Twitter).

3:23pm: The Clippers have reached an agreement to sign free agent guard Joshua Primo to a two-way contract, sources tell Adrian Wojnarowski of ESPN (Twitter link).

The news comes on the heels of the NBA’s announcement that Primo will be suspended for four games for conduct detrimental to the league. An investigation into the circumstances that led to Primo’s release from the Spurs nearly a year ago found that he “engaged in inappropriate and offensive behavior by exposing himself to women,” per a statement from the NBA.

One of those women, Dr. Hillary Cauthen, was a sports psychologist who was employed by the Spurs at the time. She filed a lawsuit against Primo and the Spurs that accused the team of being “willing to tolerate abhorrent conduct” by prized athletes.

While that lawsuit was settled a few weeks later, a spokesperson from the Bexar County Sheriff’s Office tells Tom Orsborn of The San Antonio Express-News that it filed an indecent exposure case against Primo with the district attorney’s office in May after having interviewed Cauthen. Indecent exposure is a misdemeanor that is punishable by a maximum of 180 days in a state prison and a maximum fine of up to $2,000, per Orsborn.

According to Wojnarowski, Primo has been undergoing therapy since being cut by the Spurs and that treatment will continue in Los Angeles. Wojnarowski adds (via Twitter) that the Clippers organization was comfortable giving the 20-year-old this opportunity after he was evaluated by specialists who consult with the team.

Primo, the 12th overall pick in 2021, was the youngest player drafted in his class. He averaged 5.8 points, 2.3 rebounds and 1.6 assists in 50 games (16 starts; 19.3 minutes per night) as a rookie, but struggled with efficiency, posting a .374/.307/.746 shooting slash line.

He will be ineligible to play in the first four games of the Clippers’ regular season while he serves his suspension.

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.