Transactions Rumors | Hoops Rumors

Nets Sign Jordan Hall, Keifer Sykes

September 20th, 2023 at 12:40pm CST by Luke Adams

The Nets have signed a pair of free agent guards, the team announced today, adding Jordan Hall and Keifer Sykes to their 21-man offseason roster. Brooklyn now has 20 players under contract, leaving one roster spot open.

Hall, 21, signed a two-way contract with the Spurs last summer after going undrafted out of St. Joseph’s. He was waived during the first week of the regular season, then was brought back on a non-guaranteed contract about a week later before being cut again at the end of November.

Although Hall appeared in nine games for San Antonio, he spent most of his rookie season in the G League, averaging 10.4 points, 5.9 rebounds, and 4.8 assists in 29.5 minutes per game across 38 appearances for the Austin Spurs. He posted a shooting line of .357/.363/.750.

Sykes, 29, played in 32 games for the Pacers in 2021/22 but has spent the majority of his professional career since 2015 playing in international leagues or in the G League. In 33 regular season and Showcase Cup contests last season for the Motor City Cruise, he averaged 15.0 points, 7.8 assists, and 3.7 rebounds in 30.8 minutes per night, on .422/.279/.842 shooting.

As Brian Lewis of The New York Post tweets, Hall and Sykes will likely end up with the Long Island Nets, Brooklyn’s G League affiliate. Long Island acquired the returning rights to both players in NBAGL trades in recent weeks.

Assuming they both signed Exhibit 10 contracts, Hall and Sykes will be eligible to receive bonuses worth up to $75K if they’re waived by Brooklyn and then spend at least 60 days with Long Island.

Boban Marjanovic Re-Signs With Rockets

September 20th, 2023 at 8:14am CST by Dana Gauruder

SEPTEMBER 20: Marjanovic has officially re-signed with the Rockets, per NBA.com’s transaction log. Marjanovic’s deal reportedly features a partial guarantee.

SEPTEMBER 10: Free agent big man Boban Marjanovic is returning to the Rockets on a one-year deal, Adrian Wojnarowski of ESPN tweets.

A longtime fan favorite, Marjanovic is entering his ninth NBA season. He started his NBA career in San Antonio and has also played for Detroit, the Los Angeles Clippers, Philadelphia and Dallas.

The 7’4” center appeared in 31 games off the bench last season for Houston, averaging 3.3 points and 1.9 rebounds in 5.5 minutes per game.

In 317 career regular-season appearances, Marjanovic has averaged 5.6 points and 3.6 rebounds in 8.9 minutes.

He actually had two stint with the Rockets last season. He was acquired last summer in a trade with Dallas.

The big man was waived during a roster crunch after the February trade deadline, then was re-signed after clearing waivers.

As our roster count shows, the Rockets had 17 players under contract — outside of their two-way players — but only 12 possessed guaranteed deals. The addition of Marjanovic gives them a full training camp roster.

It’s safe to assume Marjanovic got the veteran’s minimum, and it’s unclear whether or not his deal will be fully guaranteed. He projects as the third center on the depth chart behind starter Alperen Sengun and Jock Landale.

Neemias Queta Signs Two-Way Deal With Celtics

September 19th, 2023 at 5:30pm CST by Rory Maher

SEPTEMBER 19: The Celtics have officially signed Queta to a two-way contract, the team announced on Tuesday in a press release.

SEPTEMBER 16: Free agent center Neemias Queta is signing a two-way contract with the Celtics, league sources tell Shams Charania of The Athletic and Stadium (Twitter link).

Queta played three college seasons at Utah State before Sacramento drafted him 39th overall in 2021. He spent his first two professional seasons with the Kings on two-way contracts, appearing in 20 total NBA games for an average of 7.5 MPG.

While his role with the Kings was modest, Queta excelled in the G League with their affiliate in Stockton. In 2022/23, he earned a spot on the All-NBAGL First Team and finishing second in MVP voting. He averaged 16.8 PPG, 8.7 RPG, 2.4 APG and 1.9 BPG in 27.7 MPG across 29 regular season appearances for the Stockton Kings.

Queta, who is the NBA’s first player from Portugal, was a restricted free this summer. He ultimately signed a partially guaranteed two-year deal to return to the Kings, but was waived this week after the team signed JaVale McGee to a guaranteed contract.

It’s worth noting that the 7’0″ big man sustained a stress reaction and sprain in his right foot during July Summer League action. However, that was more than two months ago, and clearly the Celtics are comfortable with Queta’s health.

As James Ham of The Kings Beat tweets, Boston could be a good landing spot for Queta. Kristaps Porzingis and Robert Williams have dealt with numerous injuries over the years, and Al Horford is 37. The only other big man on the roster is Luke Kornet, whose contract for 2023/24 is non-guaranteed.

Queta’s two-way deal will pay him $559,782 and will make him eligible to appear in up to 50 regular season contests. Once the signing is official, the Celtics will have 18 players under contract, with all three two-way slots filled.

Pistons Sign Jontay Porter To Exhibit 10 Deal

September 19th, 2023 at 11:29am CST by Luke Adams

The Pistons have signed free agent forward/center Jontay Porter to an Exhibit 10 contract, sources tell James L. Edwards III of The Athletic (Twitter link). Detroit now has a full 21-man offseason roster.

Porter, 23, is the younger brother of Nuggets forward Michael Porter Jr. Like his brother, Jontay dealt with injury issues early in his career, including a pair of ACL tears. However, he appeared in 32 G League games last season for the Wisconsin Herd, averaging 12.4 points, 10.1 rebounds, 3.1 assists, and 2.2 blocks in 28.2 minutes per contest, with a shooting line of .390/.341/.667.

While he got off to a hot start with Milwaukee’s G League affiliate, Porter’s shooting percentages fell off over the course of the season. He made just 35.2% of his shots from the field (28.7% of his three-pointers) in 17 NBAGL regular season games after converting 44.0% (41.1% of his threes) in 15 Showcase Cup appearances.

Although the Pistons only have 14 players on standard guaranteed contracts, Porter seems unlikely to open the regular season in the NBA. The Motor City Cruise, Detroit’s G League affiliate, announced today that they’ve acquired Porter from the Herd, which suggests the Pistons plan to have the former Missouri Tiger join the Cruise as a returning rights player.

Assuming Porter is waived by Detroit, his Exhibit 10 contract will make him eligible to earn a bonus worth up to $75K if he spends at least 60 days with Motor City. His Exhibit 10 deal could also be converted into a two-way contract if he impresses in camp.

Porter’s only previous NBA experience came in 2020/21, when he saw limited action in 11 games for the Grizzlies.

Lakers Waive Bryce Hamilton

September 19th, 2023 at 7:32am CST by Luke Adams

The Lakers have waived guard Bryce Hamilton, the team announced (via Twitter). The move opens up a spot on Los Angeles’ 21-man offseason roster, which had been full.

Hamilton, who will turn 23 in November, spent his rookie season in 2022/23 with the South Bay Lakers – L.A.’s G League affiliate – after going undrafted out of UNLV. He averaged 14.1 points and 4.6 rebounds in 28.2 minutes per game across 29 regular season appearances (27 starts) for South Bay, posting a shooting line of .514/.385/.679.

After playing for L.A.’s Summer League team in July, Hamilton was one of four players who signed Exhibit 10 contracts with the Lakers earlier this month, but it appears the club didn’t plan to have him come to training camp.

His signing was about ensuring that he’ll receive an Exhibit 10 bonus of $75K if and when he reports back to the Lakers’ NBAGL affiliate, which holds his returning rights. He’ll have to spend at least 60 days with South Bay to earn that bonus.

With 14 players on guaranteed contracts and three on two-way deals, the Lakers are unlikely to make any more major roster additions before training camp starts — Hamilton’s spot seems likely to be filled with another Exhibit 10 signing.

Lakers Sign Jarred Vanderbilt To Four-Year Extension

September 18th, 2023 at 1:05pm CST by Luke Adams

SEPTEMBER 18: The Lakers have put out a press release officially announcing Vanderbilt’s extension.

SEPTEMBER 15: The Lakers and forward Jarred Vanderbilt are in agreement on a four-year contract extension that will be worth $48MM, agents Rich Paul and Erika Ruiz tell Shams Charania of The Athletic (Twitter link). According to Charania, the deal will be fully guaranteed, with a fourth-year player option.

Vanderbilt, who became extension-eligible last week, was entering the final year of his current contract, a team-friendly deal that will pay him just shy of $4.7MM in 2023/24. The extension will keep him under club control through at least the 2026/27 season, with the player option applying to ’27/28.

The NBA’s veteran extension rules typically allow players to receive up to 140% of their previous salary in the first year of an extension. However, players like Vanderbilt who are earning less than the league’s estimated average salary are eligible to receive up to 140% of the average salary. That rule will allow him to receive an eight-digit starting salary in his extension, more than doubling his previous cap hit.

Vanderbilt, 24, has played for the Nuggets, Timberwolves, Jazz, and Lakers since being drafted 41st overall in 2018. He’s a relatively limited offensive player – his 7.9 points per game in 2022/23 represented a career high – but is a talented, versatile defender who rebounds well (7.5 RPG in 24.1 MPG last season).

Vanderbilt is expected to play a major rotation role for the Lakers again this season after being acquired along with D’Angelo Russell and Malik Beasley in the trade-deadline deal that sent Russell Westbrook to Utah. He started 24 of 26 regular season games for Los Angeles following that trade, averaging 24.0 minutes per night.

Having entered the offseason with only LeBron James, Anthony Davis, Vanderbilt, and Max Christie under contract for 2023/24, the Lakers have locked in several key players to multiyear deals this summer. Like Vanderbilt, Davis signed an extension that will be guaranteed through at least 2027, while Rui Hachimura, Austin Reaves, and Gabe Vincent all signed free agent contracts that include three guaranteed seasons.

Including James and Russell, who both have players option decisions to make next summer, the Lakers now project to have seven players earning eight-figure salaries in 2024/25, notes Yossi Gozlan of HoopsHype (Twitter link).

Since Vanderbilt’s new deal will exceed the extend-and-trade limits, he’ll be ineligible to be traded for six months, meaning the Lakers won’t be able to move him during the 2023/24 season.

Spurs Sign Javante McCoy To Exhibit 10 Contract

September 18th, 2023 at 11:41am CST by Luke Adams

The Spurs have signed free agent guard Javante McCoy to an Exhibit 10 contract, Hoops Rumors has learned. The move gives San Antonio a full 21-man offseason roster.

McCoy, 25, spent his rookie season in 2022/23 with the South Bay Lakers in the G League after going undrafted out of Boston University. He came off the bench in 26 regular season NBAGL games, averaging 14.2 points, 3.8 rebounds, and 3.5 assists in 25.8 minutes per contest. His shooting line was .524/.370/.767.

McCoy played for San Antonio’s Summer League team in Sacramento and Las Vegas this July, appearing in six total games for the club.

The Spurs are carrying 17 players on standard guaranteed contracts and three on two-way deals, so there likely won’t be a spot for McCoy on their regular season roster. The Austin Spurs – San Antonio’s G League affiliate – recently acquired McCoy’s rights in a trade with South Bay, which is a strong signal that he’ll end up reporting to Austin as a returning rights player.

Assuming McCoy is waived by San Antonio prior to the season and then spends at least 60 days with Austin, he’ll be eligible to earn a $75K bonus on top of his G League salary.

Spurs Sign Setric Millner To Two-Way Contract

September 18th, 2023 at 10:46am CST by Luke Adams

The Spurs have signed rookie free agent forward Setric Millner to a two-way contract, per NBA.com’s transaction log.

A report back in June indicated that Millner would be signing with San Antonio. However, that report stated that he’d be receiving an Exhibit 10 contract. It appears the former Toledo standout will fill the Spurs’ final two-way opening instead.

Millner, who began his college career with Cleveland State in 2018/19, spent his sophomore year with Northwest Florida State College, then transferred to Toledo, where he played his junior, senior, and “super-senior” seasons.

In 35 games (32.7 MPG) in 2022/23, Millner averaged 16.1 PPG and 5.9 RPG with a shooting line of .496/.420/.784, earning a spot on the All-MAC Second Team. He joined the Spurs for Summer League after going undrafted and appeared in five total games for the club in Las Vegas and Sacramento this July.

The Spurs now have 20 players under contract, including 17 on guaranteed standard deals and three on two-way pacts. They’ll need to reduce their standard roster count to 15 players (not counting two-ways) by opening night, but in the meantime, they’ll be able to carry up to 21 total players in training camp and the preseason.

Dominick Barlow and Sir’Jabari Rice are San Antonio’s other two-way players.

Timberwolves Sign Daishen Nix To Exhibit 10 Deal

September 18th, 2023 at 6:50am CST by Arthur Hill

SEPTEMBER 18: The signing is official, according to RealGM’s transaction log.

SEPTEMBER 17: Daishen Nix will sign a one-year contract with the Timberwolves, tweets Shams Charania of The Athletic. It’s an Exhibit 10 deal, according to Chris Hine of The Star Tribune (Twitter link).

The 21-year-old combo guard averaged 4.0 points, 1.7 rebounds and 2.3 assists in 57 games with the Rockets last season. Shooting has been an issue for Nix, who connected on just 34.2% of his attempts from the field and 28.6% from beyond the arc in 2022/23.

Nix earned a two-way contract with Houston in 2021 after playing one year with the G League Ignite. He spent most of his rookie season in the G League, where he helped the Rio Grande Valley Vipers capture the championship.

The Rockets decided to waive Nix in late June before his $1,836,096 for next season became guaranteed. Houston had a team option for Nix for 2024/25, but it was also non-guaranteed.

The Exhibit 10 clause in Nix’s new deal with the Wolves will allow him to earn a bonus worth up to $75K if he’s waived and spends at least 60 days with Minnesota’s G League affiliate in Iowa. Exhibit 10 contracts can also be converted into two-way deals.

Minnesota has 14 players with fully guaranteed standard contracts, plus one two-way spot open, so there’s an opportunity for Nix to make the roster if he’s impressive during training camp. Once Nix’s signing becomes official, the Wolves will have two openings left on their offseason roster.

Mavericks Re-Sign Markieff Morris

September 16th, 2023 at 12:29pm CST by Rory Maher

The Mavericks have re-signed free agent forward Markieff Morris, the team announced in a press release.

The terms of the deal were not disclosed, but given his modest role last season, it seems likely that the 34-year-old signed a one-year, minimum-salary contract. We’ll have to wait and see if he got any guaranteed money, but Morris, who is entering his 13th season, would earn just under $3.2MM on a minimum deal, while Dallas would carry a $2,019,706 cap hit.

Morris was sent to Dallas from Brooklyn in early February as part of the Kyrie Irving trade. He was averaging a career-low 10.6 minutes per game in 27 appearances for the Nets and said he was looking for an opportunity for more playing time after the deal, but Morris played even less for the Mavs, averaging just 8.8 minutes over eight appearances. That average is actually inflated — he played 26 minutes in the team’s final game, when Dallas was trying to lose to keep its lottery pick.

While he hasn’t found much individual success in recent seasons, Morris played all 21 playoff games for the Lakers in 2019/20 when they won the championship. The longtime veteran holds career regular season averages of 10.6 points and 5.0 rebounds in 750 games (378 starts, 24.1 minutes), with a shooting slash line of .446/.343/.778.

The Mavericks waived and then used the stretch provision on JaVale McGee to free up a roster spot for Morris. McGee later signed a guaranteed one-year, minimum-salary deal with the Kings after clearing waivers.

With Morris officially signed, the Mavs now have 20 players under contract, one shy of the offseason limit. They have one two-way slot open, as our tracker shows.