Transactions Rumors | Hoops Rumors

Jerami Grant Signs Five-Year Deal With Trail Blazers

July 9th, 2023 at 7:05pm CST by Rory Maher

JULY 9: Grant has officially signed the contract, the team tweets.

JUNE 30: Jerami Grant is re-signing with the Trail Blazers, having agreed to a five-year, $160MM contract, sources tell Shams Charania of The Athletic (Twitter link).

Grant reportedly turned down a four-year extension worth nearly $113MM from Portland during the 2022/23 league year. According to Jake Fischer of Yahoo Sports, a primary reason the veteran forward decided to wait until free agency was to add the fifth year onto the end of the deal, significantly increasing its total value (Twitter link).

As Yossi Gozlan of HoopsHype tweets, Portland projects to be $21MM below the luxury tax line when accounting for Grant’s new contract. The Blazers will still have the non-taxpayer mid-level exception (which starts at $12.4MM) and a $8.3MM trade exception at their disposal in an effort to build around star Damian Lillard, Gozlan adds.

Grant is in the middle of his prime and was one of the top free agents in the 2023 class. The 28-year-old combo forward averaged 20.5 PPG, 4.5 RPG, 2.4 APG, 0.8 SPG and 0.8 BPG on .475/.401/.813 shooting in 63 games last season (35.7 MPG).

While Grant is a talented two-way player who brings valued versatility, a five-year deal worth $32MM annually is obviously an enormous commitment — both in years and dollars — to a player who has never been an All-Star.

Grant is a developmental success story, slowly working his way up the ranks with the Sixers, Thunder and Nuggets before breaking out as a 20-point scorer with the Pistons, who traded him to Portland last summer. He entered the NBA with a poor jump shot, but has continued to improve his game year-over-year.

Grant is the third former second-round pick (39th overall in 2014) to land a nine-figure deal this summer, joining Draymond Green and Khris Middleton.

Celtics Sign JD Davison To Two-Way Deal

July 9th, 2023 at 7:03pm CST by Dana Gauruder

The Celtics have signed guard JD Davison to a two-way contract, according to a team press release.

Davison was chosen in the second round of the 2022 draft (No. 53 overall). He was on a two-way deal last season and appeared in 12 games during his rookie campaign, averaging 1.6 points and 0.9 assists in 5.5 minutes. Boston extended a qualifying offer to Davison last month, making him a restricted free agent.

Davison spent most of last season in the G League with the Maine Celtics. He appeared in 44 games and averaged 13.2 points, 4.5 rebounds, 7.7 assists, and 0.8 steals while shooting 49.7 percent from the field.

Davison attended Alabama during his college career and he’s still just 20 years old. He played just one season for the Crimson Tide, averaging 8.5 points, 4.8 rebounds and 4.3 assists per game and earning a spot on the SEC All-Freshman Team.

The Celtics still have two other two-way spots available.

Mavericks Re-Sign Dwight Powell

July 9th, 2023 at 1:54pm CST by Arthur Hill

JULY 9: Powell has officially re-signed, the Mavericks announced (via Twitter).

JULY 1: Dwight Powell will remain with the Mavericks on a three-year, $12MM contract, tweets ESPN’s Adrian Wojnarowski. The new deal represents a significant pay cut for Powell, who earned more than $11MM in each of the last three seasons.

Dallas views Powell as part of a center platoon and a mentor for first-round pick Dereck Lively II, according to Tim McMahon of ESPN (Twitter link).

The 31-year-old big man served as Dallas’ main starting center the past two years, although he frequently played less than half the game. He averaged 6.7 points and 4.1 rebounds in 19.2 minutes per night last season while shooting a career-best 73.2% from the field.

Powell is one of the few remaining NBA players to be drafted by the Charlotte Bobcats, who took him with the 45th pick in 2014. He was traded on draft night and then was dealt two more times during his rookie season before winding up in Dallas, where he has remained ever since.

The Rockets had interest in Powell and were hoping to set up a meeting with him on Friday. However, the Mavericks were determined to re-sign Powell and were able to keep him at a bargain price.

Chris Livingston Signs Four-Year Deal With Bucks

July 9th, 2023 at 1:35pm CST by Arthur Hill

JULY 9: Livingston’s contract is now official, according to Eric Nehm of The Athletic (Twitter link).

JULY 8: The Bucks will sign Kentucky forward Chris Livingston to a four-year deal worth $7.7MM, tweets Shams Charania of Yahoo Sports. The first two years are guaranteed, Livingston’s agents tell Charania, who points out that it will be the largest contract ever given to the final pick in the draft.

Livingston was the subject of some draft-night intrigue, as Rich Paul of Klutch Sports reportedly called several teams and asked them not to select his client. Livingston appeared to have a pre-arranged deal with the Bucks, who held the 58th pick. He canceled several scheduled workouts two weeks before the draft.

The 19-year-old earned SEC All-Freshman honors during his lone season with the Wildcats. He appeared in 34 games, averaging 6.3 points and 4.2 rebounds in 22.4 minutes per night.

The signing will give Milwaukee 13 players on its standard roster — that doesn’t include an expected deal for Jae Crowder still waiting to be finalized.

Jae Crowder Signs One-Year Deal With Bucks

July 9th, 2023 at 1:08pm CST by Alex Kirschenbaum

JULY 9: Crowder’s new contract is official, tweets Eric Nehm of The Athletic.

JULY 1: Free agent forward Jae Crowder will return to the Bucks, according to Chris Haynes of Bleacher Report and TNT (Twitter link), who reports that Crowder has agreed to a one-year deal with Milwaukee.

Milwaukee shipped out five second-round draft picks to acquire the 32-year-old vet in a three-team exchange with the Suns and Nets in February.

Exact terms of the agreement have yet to be reported. In any deal with an outside free agent, the Bucks will be limited to the veteran’s minimum after having committed big money to free agent starters Khris Middleton and Brook Lopez. However, because Milwaukee possesses Crowder’s Bird rights, the team could sign him to a contract above the standard minimum.

A journeyman 3-and-D role player for several high-level postseason teams, the 6’6″ power forward appeared in 18 contests for the Bucks as a reserve last year, averaging 6.9 PPG on .479/.436/.833 shooting splits, 3.8 RPG, 1.5 APG and 0.7 SPG.

He was cut from Milwaukee’s healthy playoff rotation by former head coach Mike Budenholzer during its five-game first round series loss to the Heat. Budenholzer reinserted the Marquette alum in limited minutes after All-NBA power forward Giannis Antetokounmpo injured his back in Game 1.

The Bucks’ salary obligations have them headed for the league’s new second luxury tax apron, which means they don’t have access to the taxpayer’s mid-level exception, valued at $5MM this year, or their bi-annual exception, worth $4.5MM.

Re-adding Crowder, who served as the starting four on consecutive Finals teams in 2020 (the Heat) and 2021 (the Suns), could be the kind of buy-low move that Milwaukee needs to nail if it hopes to return to playoff glory next spring.

Sixers Sign Mohamed Bamba To One-Year Deal

July 9th, 2023 at 12:52pm CST by Rory Maher

JULY 9: Bamba’s deal is official, the Sixers announced on Twitter.

JULY 5: Mohamed Bamba is signing a one-year deal with the Sixers, reports Adrian Wojnarowski of ESPN (Twitter link). It will be for the veteran’s minimum, according to Kyle Neubeck of PhillyVoice (Twitter link).

The 76ers still plan on keeping restricted free agent Paul Reed, according to Wojnarowski, who notes that Bamba will be an insurance policy at backup center if Reed were to depart.

The sixth overall pick of the 2018 draft, Bamba spent his first four-plus seasons with the Magic, who sent him to the Lakers ahead of the trade deadline. He sprained his ankle shortly after being moved to L.A. and rarely played for the Lakers off the bench even before the injury. They wound up waiving his $10.3MM contract for 2023/24 before it became guaranteed.

In total, Bamba appeared in 49 games in 2022/23, averaging 6.6 points and 4.6 rebounds in 15.7 minutes per contest. He posted a shooting line of .485/.387/.661.

Although he has flashed the ability to stretch the floor and protect the rim, he hasn’t done either very consistently. Despite being 7’0″ with an enormous 7’10” wingspan, Bamba is very much a jump shooter offensively, rarely finishing in the paint or getting to the free throw line. He also makes a lot of mistakes in attempting to block shots he shouldn’t defensively, leaving the weak side open behind him.

Bamba saw his role with the Magic decline last season after the team added Wendell Carter and Paolo Banchero. He was outplayed by Moritz Wagner for the backup center job (Wagner re-signed with the Magic on a two-year, $16MM deal), and that’s partly why they moved Bamba.

Still just 25, Bamba could have some untapped upside. He’s blessed with enviable physical tools and he’s a low-risk signing at the league minimum.

Even if Reed does return, it’s possible Bamba could outplay him and become the team’s backup center behind Joel Embiid, though based on playing style, I would favor Reed’s aggression for the job, especially with Nick Nurse as head coach.

Patrick Beverley Signs One-Year Deal With Sixers

July 9th, 2023 at 12:34pm CST by Luke Adams

JULY 9: The signing is official, the Sixers announced (via Twitter).

JULY 1: Free agent point guard Patrick Beverley is joining the Sixers. The news was broken by Beverley himself, via his podcast’s Twitter account, with Kyle Neubeck of PhillyVoice.com reporting (via Twitter) that it’ll be a fully guaranteed one-year, minimum-salary deal.

A former second-round pick out of Arkansas, Beverley has enjoyed a productive 11-year career in the NBA by thriving as a perimeter defender and solid three-point shooter (.373 PT%).

While his shooting has been up and down in recent years (33.9% since the start of the 2021/22 season), Beverley still has a reputation as a terrific veteran leader and a strong defender. After signing with Chicago on the buyout market in February, he helped stabilize the Bulls’ point guard rotation and drew praise from his teammates for his presence in the locker room.

Splitting his 2022/23 season between the Bulls and Lakers, the 6’1″ vet averaged a modest 6.2 PPG on .400/.335/.723 splits, 3.7 RPG, 2.9 APG and 0.9 SPG, across 67 contests. Until his Chicago stint, he had qualified for the playoffs in all of his first 10 NBA seasons.

Though the upper echelon of the Sixers’ roster is currently very much in flux with starting guard James Harden having requested a trade out of town earlier this week, Beverley seems likely to be a stabilizing energy bench piece. He can operate as a supplemental point-of-attack defender who remains a threat on the perimeter. Philadelphia recently lost another rotation guard, Shake Milton, who inked a two-year deal to join the Timberwolves.

As Kyle Neubeck of PhillyVoice.com notes, Beverley will join several former Rockets teammates in Philadelphia. Team president Daryl Morey served as the head man in Houston when Beverley and Harden were Rockets. Sixers power forward P.J. Tucker, wing Danuel House, and center Montrezl Harrell were also rostered with both squads.

Beverley may no longer be the three-time All-Defensive talent he was in his prime, but even during his age-35 season, he still seems very capable of being a two-way contributor on a playoff club.

Alex Kirschenbaum contributed to this post.

Mavericks Sign Dereck Lively II To Rookie Contract

July 8th, 2023 at 10:08pm CST by Arthur Hill

Dereck Lively II has inked his rookie scale contract with the Mavericks, the team announced along with a video of the signing.

As the 12th pick in this year’s draft, Lively is eligible to receive $4,775,640 in his first season and can make $22,282,690 over the four-year contract, as our breakdown of rookie scale salaries shows.

The Duke center took advantage of a strong showing during the pre-draft process to rise up draft boards. Dallas had considered taking him at No. 10, but was able to trade down two spots and still get its preferred selection.

That trade sent Davis Bertans into Oklahoma City’s cap room, so it couldn’t be completed until after the July moratorium, which likely delayed Lively’s signing by a few days.

Lively was one of the top recruits out of high school last year, but injuries slowed him down during his lone season at Duke. He earned spots on the ACC’s All-Freshman and All-Defensive teams while averaging 5.4 points and 5.0 rebounds in 32 games.

Dallas’ No. 24 overall pick, Olivier-Maxence Prosper, is one of three first-rounders who have yet to officially sign their rookie contracts.

Second-Round Pick Leonard Miller Signs With Timberwolves

July 8th, 2023 at 9:50pm CST by Arthur Hill

The Timberwolves have reached a four-year deal with second-round pick Leonard Miller that contains a full guarantee on the first two seasons and a partial guarantee beyond that, tweets Darren Wolfson of 5 Eyewitness News. Wolfson doesn’t provide dollar amounts for the contract, but the signing is also confirmed by NBA.com’s transactions page.

Miller was selected by the Spurs with the 33rd pick in last month’s draft before being traded to Minnesota for future draft assets. He was considered a potential first-round selection after a strong performance with G League Ignite.

The Wolves’ signings of Shake Milton and Troy Brown are also official, according to the transactions log. Minnesota used portions of its mid-level exception to add both players.

Milton, who spent his first five NBA seasons with the Sixers, reportedly received a two-year, $10MM contract, while Brown, a part-time starter with the Lakers last season, will get $8MM over two years with a team option on the final year.

The re-signing of shooting guard Nickeil Alexander-Walker, who is being paid $9MM for two years, still isn’t official.

Anthony Edwards Signs Five-Year Max Extension With Timberwolves

July 8th, 2023 at 8:06pm CST by Luke Adams

JULY 8: The extension is official, the Wolves confirmed on Twitter (video link).

JULY 3: The Timberwolves and rising star Anthony Edwards have reached an agreement on a five-year, designated rookie extension that will pay him the maximum salary, agents Bill Duffy and Joe Branch tell Adrian Wojnarowski of ESPN (Twitter link).

Wojnarowski reports that the deal can be worth up to $260MM, though that would hinge on Edwards making an All-NBA team in 2024 and the salary cap rising by the maximum 10% for the 2024/25 league year. With a 10% cap increase and no All-NBA spot for Edwards, the five-year extension would be worth $217MM.

It will be a straight five-year contract with no player or team option, reports Jon Krawczynski of The Athletic (Twitter link).

“I’m humbled, appreciative and excited to remain in Minnesota as a part of this incredible Timberwolves organization,” Edwards said in a statement to Wojnarowski (Twitter link). “It’s amazing to see where hard work can take you.”

The No. 1 overall pick in the 2020 draft, Edwards has increased his scoring average and efficiency in each of his NBA seasons to date. He averaged 24.6 points, 5.8 rebounds, 4.4 assists, and 1.6 steals with a .459/.369/.756 shooting line in 79 games (36.0 MPG) in 2022/23, earning his first All-Star nod.

Even though the Wolves also have Karl-Anthony Towns and Rudy Gobert on maximum-salary contracts, there was a strong belief entering this offseason that Edwards, the player the franchise will likely build around for years to come, would get a max deal of his own. He looks poised to officially sign it as soon as he becomes eligible to do so later this week.

Edwards will play one more season on his rookie scale contract, which will pay him in $13.5MM in 2023/24, before he receives a massive raise. If the cap increases by 10% to $149.6MM in ’24/25 and Edwards makes an All-NBA team, he, Towns, and Gobert would earn a combined $141MM that season, and that number would only increase further in ’25/26.

While those three max deals – and a potential extension for Jaden McDaniels – figure to hamper the Timberwolves’ financial flexibility going forward, any eventual moves made to address that issue are more likely to involve Towns or Gobert than Edwards.

Edwards is the third 2020 first-rounder to agree to a “Rose Rule” rookie scale extension that can start at up to 30% of the cap instead of 25%. Tyrese Haliburton of the Pacers and LaMelo Ball of the Hornets will also reportedly sign those deals, while Desmond Bane of the Grizzlies is getting a rookie scale extension worth the standard 25% max.