Transactions Rumors | Hoops Rumors

Knicks Waive Obadiah Noel

September 6th, 2023 at 5:05pm CST by Rory Maher

The Knicks have released Obadiah Noel, according to NBA.com’s official transactions log (hat tip to Blake Stern of ldsport.com).

The move was expected. Noel was signed to an Exhibit 10 contract, which means he’ll earn a bonus if he spends at least 60 days with the Westchester Knicks, New York’s NBA G League affiliate.

Noel went undrafted in 2021 after four college seasons at UMass-Lowell. Since turning pro a couple years ago, the 6’4″ guard has been playing in the NBAGL.

Noel, 24, spent the 2022/23 regular season with Westchester, averaging 10.6 points, 2.9 rebounds, 2.1 assists and 1.4 steals on .487/.382/.689 shooting in 29 games (26.8 minutes).

By waiving Noel, the Knicks have created a roster opening, which will most likely be used to sign more players to Exhibit 10 deals. They now have 20 players under contract, one shy of the offseason maximum.

Christian Wood Signs Two-Year Contract With Lakers

September 6th, 2023 at 4:07pm CST by Dana Gauruder

SEPTEMBER 6: Wood is officially a Laker, the team announced (Twitter link via Jovan Buha of The Athletic).

SEPTEMBER 5: Unrestricted free agent Christian Wood has agreed to a two-year contract with the Lakers, ESPN’s Adrian Wojnarowski tweets. The second year includes a player option.

The Lakers’ interest in Wood was reported weeks ago and now the two parties have finally come to an agreement. Wood and the Mavericks failed to reach an extension agreement last season and Wood wound up on the open market. However, he didn’t get the type of offers normally conveyed to players who averaged 16.6 points and 7.3 rebounds during their walk year.

He had to settle for the veteran’s minimum, which is all the Lakers could offer. As ESPN’s Bobby Marks notes (Twitter link), Wood will make $2,709,849 this upcoming season and $3,036,040 in 2024/25, if he doesn’t opt out.

Wood gives the Lakers 14 players with guaranteed contracts and there’s a good chance they’ll leave the other roster spot open to maintain roster and financial flexibility.

Los Angeles already looked solid in the frontcourt and the addition of Wood gives the Lakers plenty of quality depth. He joins Anthony Davis, Jarred Vanderbilt, Jaxson Hayes and Rui Hachimura at the power forward and center spots. LeBron James and Taurean Prince could also see minutes at the ‘4’ position.

Wood appeared in 67 games, including 17 starts, in his lone season with the Mavericks. He was acquired in an offseason deal from Houston.

Wood put up big numbers during his two seasons with the Rockets, including a career-high 21.o points per game during the 202o/21 season. He signed a three-year, $41MM contact with Houston in 2020 after a breakout season with Detroit.

The Lakers will be the eighth NBA franchise on Wood’s resume.

Nets Sign Harry Giles To Non-Guaranteed Deal

September 6th, 2023 at 10:20am CST by Luke Adams

SEPTEMBER 6: The signing is official, the Nets announced today in a press release.

SEPTEMBER 2: The deal between Giles and the Nets is a one-year, non-guaranteed contract, according to HoopsHype’s Michael Scotto (Twitter link). Scotto adds that Giles will compete for a roster spot in training camp.

SEPTEMBER 1: The Nets and free agent big man Harry Giles are in agreement on a one-year deal, agent Daniel Hazan tells Chris Haynes of TNT and Bleacher Report (Twitter link).

The financial terms of the deal have yet to be revealed, but it’s a safe bet it will be worth the veteran’s minimum and it’s extremely unlikely to be guaranteed.

Giles was the 20th overall pick in the 2017 draft. He missed his entire rookie year due to knee issues, then appeared in 142 regular season games for the Kings and Trail Blazers from 2018-21, averaging 5.9 points and 3.8 rebounds in 12.9 minutes per night, with a .511 FG%. He suited up for the Clippers’ G League affiliate in 2021/22, but suffered a season-ending injury and didn’t play anywhere last season.

A top recruit in high school, Giles played limited minutes during his lone season at Duke due in part to his knee problems, which have continued to plague him during his professional career. However, he’s still just 25 years old and appears to be healthy entering training camp, having worked out for several NBA teams – including Brooklyn – earlier this offseason.

It’s worth noting that a change to the Collective Bargaining Agreement has made Giles eligible for a two-way contract in 2023/24 despite the fact that he has four years of NBA service, since he missed the entirety of one of those four seasons due to an injury. So if his deal with the Nets includes Exhibit 10 language, Giles could have it converted to a two-way contract before the season begins. Brooklyn currently has one two-way opening.

Bucks Sign Marques Bolden To Camp Deal

September 5th, 2023 at 11:19am CST by Luke Adams

The Bucks have agreed to sign free agent center Marques Bolden to a training camp contract, reports Eric Nehm of The Athletic (Twitter link). The move is official, per RealGM’s transaction log.

Bolden, 25, appeared in seven NBA games for Cleveland in 2020 and 2021, but has spent the majority of his professional career in the G League, including the last two seasons with the Salt Lake City Stars. Although he was a regular starter for Utah’s G League affiliate in 2021/22, averaging 11.7 PPG and 8.5 RPG in 21 regular season NBAGL games (30.1 MPG), the former Duke Blue Devil was limited to six total appearances for the Stars last season due to a shoulder injury.

The Bucks have 15 players on guaranteed standard contracts, so they likely don’t envision Bolden having a spot on their regular season roster. Assuming his contract includes Exhibit 10 language, it could be converted to a two-way deal before the regular season begins, though Milwaukee doesn’t currently have a two-way opening either.

Exhibit 10 signees often end up being waived and then reporting to their team’s G League affiliate, earning a bonus worth up to $75K if they spend at least 60 days with the NBAGL club. But assuming the Stars still hold Bolden’s returning rights, which appears to be the case, then the Wisconsin Herd – Milwaukee’s affiliate – would need to trade for those rights in order for the big man to receive a bonus from the Bucks.

Milwaukee had been carrying 20 players on its offseason roster, leaving one open spot, so no cut is necessary to make room for Bolden.

Javonte Cooke To Sign Exhibit 10 Deal With Timberwolves

September 4th, 2023 at 12:38pm CST by Rory Maher

Free agent Javonte Cooke is signing an Exhibit 10 contract with the Timberwolves, agent Jerry Dianis tells Michael Scotto of HoopsHype (Twitter link).

Cooke, 24, went undrafted last year out of Winston-Salem State. As Scotto notes, the 6’6″ guard spent his first professional season playing for Minnesota’s NBA G League affiliate, the Iowa Wolves.

In 25 regular season games (20.3 MPG) with Iowa in 2022/23, including five starts, Cooke averaged 8.0 PPG, 3.0 RPG and 1.6 APG on .424/.308/.773 shooting splits.

Given his relatively modest contributions, it’s highly likely that Cooke will be waived by Minnesota before the ’23/24 season starts. In that scenario, if he spends at least 60 days with Iowa, he could earn a bonus of up to $75K.

As our roster count tracker shows, the Timberwolves currently have 14 players on guaranteed standard contracts and a pair of players on two-way deals, along with a two-way qualifying offer out to restricted free agent Matt Ryan. Since they’re below the offseason maximum of 21 players under contract, they won’t have to make another roster move to sign Cooke.

Bucks Sign, Waive Iverson Molinar

September 3rd, 2023 at 8:27am CST by Luke Adams

The Bucks signed combo guard Iverson Molinar to a contract on Friday and waived him on Saturday, according to RealGM’s official NBA transaction log.

Molinar, who went undrafted out of Mississippi State in 2022, spent his first professional season with the Wisconsin Herd. He averaged 10.1 points, 2.6 rebounds, and 2.5 assists in 22.4 minutes per game across 23 regular season appearances with Milwaukee’s G League affiliate in 2022/23.

Since Molinar played for the team last season, the Herd will hold his returning rights, so the Bucks’ decision to sign and waive him wasn’t related to securing his G League rights. Instead, it was likely about making sure he earns a bonus for returning to the NBAGL club in 2023/24.

It’s safe to assume that Molinar received an Exhibit 10 contract, which will put him in line to receive a bonus worth up to $75K if he spends at least 60 days with the Herd this season. Those Exhibit 10 bonuses typically exceed the full-season G League salary, so they provide a good incentive to get a player to stick with an NBAGL affiliate rather than seeking out an opportunity in an international league.

Molinar temporarily filled the Bucks’ 21st and final offseason roster spot, but the club’s roster count is back down to 20 following his release. Milwaukee also recently signed and waived Alex Antetokounmpo, who figures to return to the Herd too.

JaVale McGee Signs With Kings

September 2nd, 2023 at 9:09pm CST by Tristan Tucker

SEPTEMBER 2: The signing is official, tweets Jason Anderson of The Sacramento Bee.

SEPTEMBER 1: McGee is signing a guaranteed minimum-salary contract, reports ESPN’s Adrian Wojnarowski.

AUGUST 31: Free agent center JaVale McGee is signing with the Kings, according to Chris Haynes of TNT and Bleacher Report (Twitter link). The Mavericks officially waived McGee on Tuesday and now he’s set to join another Western Conference contender.

McGee, 35, signed with Dallas last year on a three-year, $17MM deal and opened the year as a starter, but quickly fell out of the rotation altogether. In all, McGee averaged 4.4 points and 2.5 rebounds in 42 games (career-low 8.5 minutes) with the Mavericks. Once it was clear McGee was no longer in the team’s future plans, Dallas cut him loose this offseason and is stretching his remaining salary over the next five years for roughly $2.35MM through 2027/28.

The Kings will hope McGee, a three-time champion, has enough left in the tank to help contribute to a team that ended a 16-season playoff drought last year. McGee is just one season removed from averaging 9.2 points and 6.7 rebounds in Phoenix, where he played in 74 games and made 17 starts.

Sacramento’s interest in McGee was reported shortly after he was waived by Dallas. It’s unclear what kind of deal he’s signing, but it likely isn’t for more than the veteran’s minimum and may not be fully guaranteed.

Sacramento’s roster is stacked with backup centers. Nerlens Noel, Neemias Queta, Alex Len and Skal Labissiere (reported) are likely to compete with McGee for minutes and/or a roster spot. Queta and Noel are in more direct competition with McGee for a roster spot. Len’s roster spot appears safe and Labissiere is joining on a training camp deal with the goal of him playing for the Stockton Kings next year. Meanwhile, Noel has a $300K partial guarantee and Queta has a $250K partial guarantee.

Bucks Sign Drew Timme; Sign, Waive Alex Antetokounmpo

September 2nd, 2023 at 10:34am CST by Luke Adams

SEPTEMBER 2: The Bucks have officially waived Alex Antetokounmpo, per NBA.com’s official transaction log.

The Bucks retain Antetokounmpo’s G League rights and he’ll receive a bonus if he spends at least 60 days with Milwaukee’s G League affiliate, the Wisconsin Herd. The Athletic’s Eric Nehm first reported that the team would waive Antetokounmpo on Friday.

SEPTEMBER 1: The Bucks have added a third Antetokounmpo brother to their offseason roster, according to RealGM’s official NBA transaction log, which lists Milwaukee as having recently signed Alex Antetokounmpo to a one-year contract.

While terms of the deal aren’t known, it will almost certainly be a non-guaranteed contract, likely with Exhibit 10 language. Such a deal could be converted to a two-way contract or would make Antetokounmpo eligible for a bonus worth up to $75K if he’s waived before the regular season and then spends at least 60 days with the Wisconsin Herd, the Bucks’ G League affiliate.

Antetokounmpo, 22, has played in the G League since going undrafted in 2021. The 6’8″ forward spent the 2021/22 campaign with the Raptors 905, then played in Wisconsin last season. In 32 regular season G League games with the Herd in ’22/23, he averaged 5.8 points and 3.0 rebounds in 22.3 minutes per night, with a subpar shooting line of .372/.247/.559.

Antetokounpmo joins his older brothers Giannis Antetokounmpo and Thanasis Antetokounmpo on the Bucks’ roster, which has now reached its 21-man offseason limit. The club is carrying 15 players on guaranteed deals, three on (presumed) Exhibit 10 contracts, and three on two-way pacts.

To get to 21 players, Milwaukee also officially signed undrafted Gonzaga forward Drew Timme, whose Exhibit 10 agreement with the team was reported back in June.

Timme spent four college seasons at Gonzaga, building an impressive résumé before declaring for the 2023 draft as an early entrant. He was a three-time consensus All-American and won the WCC Player of the Year award in both 2022 and 2023.

In his final year with the Bulldogs, the 6’10” big man averaged 21.2 points, 7.5 rebounds, and 3.2 assists in 31.5 minutes per game across 37 appearances, making 61.6% of his shots from the floor.

Celtics Sign Svi Mykhailiuk To One-Year Contract

August 31st, 2023 at 6:30pm CST by Rory Maher

6:30pm: The signing is official, the Celtics announced in a press release.

3:28pm: The Celtics are signing free agent swingman Svi Mykhailiuk to a one-year contract, sources tell Michael Scotto of HoopsHype (Twitter link).

A second-round pick (47th overall) back in 2018, the 26-year-old Ukrainian has bounced around quite a bit over his five NBA seasons, having played for six different teams over that span. Mykhailiuk spent most of 2022/23 with the Knicks prior being traded to Charlotte at the February deadline in the four-team deal that sent Josh Hart to New York.

While Mykhailiuk rarely saw action with New York, appearing in just 13 games for 40 total minutes, he played well for the Hornets down the stretch last season. In 19 games (22.5 MPG) with Charlotte, he averaged 10.6 PPG, 2.7 APG and 2.4 RPG on .441/.404/.676 shooting.

Mostly known as a solid outside shooter (36.0% career from deep), Mykhailiuk has appeared in 252 regular season games for the Lakers, Pistons, Thunder, Raptors, Knicks and Hornets. He also brings plus size on the wing, standing 6’7″ and weighing 205 pounds.

A report last month indicated that Greek club Panathinaikos was interested in Mykhailiuk’s services, but the veteran guard/forward was reportedly focused on finding another NBA opportunity, which has now come to fruition.

Boston, meanwhile, has been scouring the free agent market for wing depth, reportedly holding workouts with at least four veterans over the past week-plus. Mykhailiuk wasn’t among the players named, but obviously he was on the team’s radar.

The Celtics only have 13 players on standard contracts (11 guaranteed), so they won’t have to make a roster move to sign Mykhailiuk, though it’s unclear if he’ll receive a guaranteed deal.

Hornets Waive Kobi Simmons

August 31st, 2023 at 5:07pm CST by Tristan Tucker

The Hornets have waived guard Kobi Simmons, according to a team press release.

Simmons, 26, signed a two-way contract with the Hornets in March after spending most of the season with the team’s G League affiliate, the Greensboro Swarm. The former Arizona guard then saw his two-way contract converted into a standard deal in April. His minimum salary for ’23/24 was fully non-guaranteed.

Simmons averaged 19.2 points, 4.5 assists and 4.3 rebounds in 46 regular season and Showcase Cup games for the Swarm in 2022/23, shooting 38.1% from deep. Last season was actually Simmons’ third playing for the Swarm. However, Simmons only made five NBA appearances in ’22/23, scoring just five total points in that span of time.

Simmons is a seasoned G League veteran, having played in 159 games in the NBA’s developmental league since going undrafted in 2017. The 6’5″ guard began his career with the Grizzlies on a two-way deal back in the ’17/18 season, averaging 6.1 points in 32 games (12 starts) with Memphis. However, the Grizzlies cut ties with him following the season.

The next year, in ’17/18, the Cavaliers signed Simmons to a 10-day contract and he appeared in a single game, but he didn’t stick around in Cleveland. After that, Simmons played for the Swarm in three of the next four seasons before landing his two-way deal with the team.

After signing P.J. Washington to a deal, Charlotte’s roster quickly became crowded. Having cut Simmons, Charlotte is down to 15 players on standard contracts (JT Thor and Frank Ntilikina have non-guaranteed or partially guaranteed deals). The Hornets also have two players on two-way deals (Leaky Black and Amari Bailey) and four more who are reportedly joining the team for training camp (R.J. Hunter, Angelo Allegri, Nathan Mensah and Tre Scott).

The team drafted James Nnaji with the No. 31 overall pick this year but he has yet to sign and may be stashed. Theo Maledon remains a two-way restricted free agent.