Transactions Rumors | Hoops Rumors

Kevin McCullar Signs Two-Way Deal With Knicks

August 5th, 2024 at 5:55pm CST by Arthur Hill

5:55pm: The signing is official, the team’s PR department tweets.

11:59am: The Knicks have reached an agreement with second-round pick Kevin McCullar on a two-way contract, league sources tell Michael Scotto of HoopsHype (Twitter link).

The 23-year-old small forward out of Kansas was selected with the 56th pick in this year’s draft. He was held out of Summer League due to a knee issue.

McCullar earned first-team All-Big 12 honors last season while averaging 18.3 points, 6.0 rebounds and 4.1 assists as a super senior for the Jayhawks. In 2023, he was named to the Big 12 All-Defensive team and earned third-team all-conference honors. He played three seasons at Texas Tech before transferring to Kansas in 2022.

New York will have a two-way opening left after McCullar’s deal becomes official. Ariel Hukporti is also on a two-way contract with the Knicks. The team also still has a two-way qualifying offer on the table for Jacob Toppin.

McCullar is among a handful of 2024 draft picks who are still without a contract. Utah’s Kyle Filipowski, Atlanta’s Nikola Djurisic, Indiana’s Enrique Freeman and Golden State’s Quinten Post still remain unsigned.

Heat Sign Zyon Pullin To Exhibit 10 Contract

August 5th, 2024 at 2:37pm CST by Luke Adams

Zyon Pullin has become the first player from the 2024 draft class to sign his second NBA contract, having returned to the Heat on a non-guaranteed deal. The team officially announced the signing on Monday, with Anthony Chiang of The Miami Herald reporting that it’s an Exhibit 10 agreement (Twitter links).

A 6’4″ guard out of Florida, Pullin played for UC Riverside from 2019-23 before transferring to the Gators for his super-senior year. He was an All-SEC honoree in 2023/24 after averaging 15.5 points, 4.9 assists, 3.9 rebounds, and 0.9 steals per contest in 33 games (27 starts), with a shooting line of .444/.449/.847.

Pullin quickly agreed to terms with the Heat after going undrafted in June, officially signing a two-way contract with the team on the first day of the new league year on July 1. However, he didn’t see much playing time for Miami’s Summer League squad and was waived on July 25 when the club needed to open up a roster spot to sign Summer League standout Josh Christopher to a two-way deal.

Pullin’s new deal signals that the Heat still view him as a prospect they want in their system. He could be converted back to a two-way deal anytime up until the day before the regular season if he impresses in camp, but the more likely scenario is that he’s waived and becomes an affiliate player for the Sioux Falls Skyforce, Miami’s G League team.

A player on an Exhibit 10 contract can earn a bonus worth up to $77.5K if he’s waived by his NBA team and then spends at least 60 days with his club’s G League affiliate.

Cole Swider Agrees To One-Year Contract With Pacers

August 3rd, 2024 at 11:16am CST by Dana Gauruder

Cole Swider has agreed to a one-year, non-guaranteed contract with the Pacers, Shams Charania of The Athletic tweets.

Swider played on a two-way contract with the Heat last season. He became an unrestricted free agent when Miami withdrew its two-way qualifying offer.

Despite that, Swider was a member of the Heat’s Summer League squad. The 6’9” forward played well in the Heat’s run to a Las Vegas title, averaging 13.5 points while shooting 49.1% on 3-point attempts.

The Heat filled their two-way slots with three other players and don’t want to add another player to the official roster during the offseason due to second tax apron restrictions.

Swider, who played seven games with the Lakers in 2022/23, saw action in 18 Heat games last season.

His stints were mostly cameos but he saw extensive action in the G League. He impressed with his long-distance marksmanship, averaging 24.5 points, 7.5 rebounds and 2.9 assists on .485/.471/.846 shooting in 21 Showcase Cup and regular season contests for the Sioux Falls Skyforce (38.3 MPG).

The addition of Swider will give the Pacers 18 players on the roster, including 16 on standard contracts, though four of those deals are partially or non-guaranteed. They have two players signed to two-way deals.

Additionally, the Pacers have an unsigned draft pick in Enrique Freeman as well as restricted free agent Oscar Tshiebwe, who was on a two-way deal last season. Josiah-Jordan James and Keisei Tominaga are also expected to sign Exhibit 10 contracts.

Mavericks Sign Spencer Dinwiddie To One-Year Deal

August 3rd, 2024 at 10:07am CST by Dana Gauruder

The Mavericks have officially signed veteran point guard Spencer Dinwiddie to a one-year contract, according to a team press release. The agreement was previously reported on July 22.

“We welcome having Spencer back with us in Dallas,” Mavericks GM Nico Harrison said in a statement. “Spencer is an experienced teammate, who understands what we are trying to accomplish. His energy, versatility, and playmaking from the guard position adds invaluable depth to our roster and leaves us well positioned going into next season.”

The terms of the Mavs’ agreement with Dinwiddie have yet to be reported. While Dallas could technically offer more than the veteran’s minimum using the mid-level or bi-annual exception, the team doesn’t have a ton of wiggle room below the first tax apron, so a minimum-salary deal seems more likely.

Dinwiddie, 31, was previously a Maverick from 2022-23 for almost exactly one year. He was traded from Washington to Dallas at the trade deadline in February 2022 as part of the return for Kristaps Porzingis, then was sent to Brooklyn at the 2023 deadline as part of the package for Kyrie Irving.

Dinwiddie played well during his first stint in Dallas, averaging 17.1 points, 4.9 assists, and 3.1 rebounds in 32.3 minutes per game across 76 outings (60 starts). He posted a shooting line of .466/.404/.788 during that time — those field goal and three-point percentages are well above his career marks.

The veteran guard was less effective in 2023/24 across 76 appearances (52 starts) for the Nets and Lakers, posting averages of 10.5 PPG, 4.7 APG, and 2.7 RPG in 28.3 MPG while shooting .392/.337/.805.

The hope is that a return to Dallas will help fuel a bounce-back season for Dinwiddie, who still has a home in Texas and whose partner is from the state, according to Brian Lewis of The New York Post (Twitter link). The move also reunites Dinwiddie with Irving — the two guards played together in Brooklyn from 2019-21.

Assuming Dinwiddie’s salary is fully guaranteed, he’d be the 14th Maverick on a guaranteed contract for 2024/25. A.J. Lawson, the 15th man, has a non-guaranteed deal and would need to be waived in order to make room on the regular season roster for veteran forward Markieff Morris, whose return is considered likely.

Mavericks Sign Jamarion Sharp To Training Camp Deal

August 3rd, 2024 at 9:53am CST by Arthur Hill

AUGUST 3: The signing is official, according to a team press release.

AUGUST 2: Former Mississippi center Jamarion Sharp has agreed to a one-year contract with the Mavericks, agent Scott Nichols of Rize Management tells Chris Haynes of TNT and Bleacher Report (Twitter link).

Sharp, the tallest player in college basketball at 7’5″, was a part-time starter with the Rebels last season, averaging 3.3 points, 4.1 rebounds and 2.4 blocks in 31 games while playing 15.8 minutes per night. He spent the previous two seasons at Western Kentucky, where he blocked 4.4 shots per game and was named Conference USA Defensive Player of the Year in both 2022 and 2023.

Sharp, 22, played for Dallas in the Las Vegas Summer League, averaging 2.6 points, 4.6 rebounds and 2.6 blocks in five games.

The Mavericks already have 13 fully guaranteed contracts, along with A.J. Lawson on a non-guaranteed deal and the expected signing of Spencer Dinwiddie, so Sharp will be a long shot to make the roster in training camp. Assuming his contract contains Exhibit 10 language, he will have the opportunity to earn a bonus worth up to $77.5K by staying with Dallas’s G League affiliate for at least 60 days.

Raptors Sign Bruno Fernando

August 2nd, 2024 at 9:30pm CST by Luke Adams

9:30pm: The Raptors have officially signed Fernando, according to NBA.com’s transaction log.

7:11am: The Raptors have agreed to terms on a contract with free agent big man Bruno Fernando, a source tells Blake Murphy of Sportsnet.ca (Twitter link).

According to Murphy, it’ll be a non-guaranteed deal that will give Fernando a chance to compete for a spot on Toronto’s 15-man regular season roster. He would assure himself of some guaranteed money by making the team.

The contract won’t include Exhibit 10 language, Murphy adds, so Fernando wouldn’t be ticketed for the Raptors 905 in the G League if he’s waived before the season.

A five-year veteran who was a second-round pick in 2019, Fernando began his NBA career with the Hawks before being traded to Boston in August 2021 and then to Houston in February 2022. He was dealt back to Atlanta in February 2023.

After playing eight games for the Hawks down the stretch of the 2022/23 season, Fernando didn’t play much at all in the first half of ’23/24, appearing in just 13 of Atlanta’s first 49 games for an average of 6.5 minutes per contest. However, he was thrust into a larger role in the second half due to a series of frontcourt injuries, averaging 7.6 PPG and 5.2 RPG while shooting 59.4% from the floor and 70.1% from the line over his final 32 games (18.7 MPG).

Fernando, who will turn 26 later this month, was waived by Atlanta earlier this week before his $2.7MM salary for 2024/25 could become guaranteed.

The Raptors are currently carrying 14 players on guaranteed standard contracts, plus Jamison Battle on an Exhibit 10 contract. Once Fernando’s deal is official, the club will have 19 players under contract, including its three on two-way deals.

It wouldn’t be surprising to see Toronto bring in another veteran or two besides Fernando to compete for that 15th regular season roster spot.

Celtics Sign Anton Watson To Two-Way Contract

August 2nd, 2024 at 3:38pm CST by Arthur Hill

3:38pm: Watson’s two-way contract with the Celtics is official, according to the team (Twitter link).

12:39pm: Second-round pick Anton Watson will sign a two-way contract with the Celtics, a league source tells Adam Himmelsbach of The Boston Globe (Twitter link).

The 23-year-old small forward was the 54th selection in this year’s draft after playing five seasons at Gonzaga. He averaged career highs of 14.5 points, 7.1 rebounds and 2.6 assists last season while shooting 57.8% from the field and 41.2% from three-point range.

Watson played for Boston’s entry in the Las Vegas Summer League, putting up 11.8 points and 5.2 rebounds in five games.

Watson is eligible to appear in up to 50 NBA games on his two-way deal, but he’ll likely spend most of his rookie season in the G League given the quality of the Celtics’ roster. Once Watson’s signing is complete, he’ll join JD Davison and Drew Peterson as Boston’s two-way players.

TyTy Washington Signs Two-Way Contract With Suns

August 2nd, 2024 at 2:34pm CST by Arthur Hill

2:33pm: Washington’s contract is official, the Suns announced (via Twitter).

10:12am: Free agent guard TyTy Washington will sign a two-way contract with the Suns, agent Kevin Bradbury of Lift Sports tells ESPN’s Adrian Wojnarowski (Twitter link).

Washington, 22, appeared in 11 games with Milwaukee last season on a two-way deal, averaging 1.3 PPG in 5.1 minutes per night. He spent much of the season in the G League with the Wisconsin Herd.

Washington was a first-round selection out of Kentucky in the 2022 draft, taken by Houston with the 29th pick. He was limited to 31 games as a rookie while also splitting time in the G League.

The Rockets shipped Washington to Atlanta last summer as part of a complex five-team deal. Four days later, the Hawks moved him to Memphis, which eventually waived him, and he signed with the Bucks in late August.

The addition of Washington will fill Phoenix’s last open two-way slot. Collin Gillespie and Jalen Bridges were signed to two-way deals last month.

Cavs Sign Jarrett Allen To Three-Year Extension

August 2nd, 2024 at 1:22pm CST by Luke Adams

AUGUST 2: Allen’s extension is official, the Cavaliers announced in a press release.

“We couldn’t be more excited that Jarrett Allen chose to extend in Cleveland for the prime of his career,” president of basketball operations Koby Altman said. “Jarrett’s growth as a player, at just 26 years old, was accelerated when he earned his first All-Star selection in 2022. He is the anchor of our core group of players and his presence fits our vision for sustainable success. Jarrett also embodies the culture and values of our organization, and we look forward to achieving even greater things together.”

JULY 31: The Cavaliers and center Jarrett Allen have agreed to a three-year extension that will begin in 2026/27, when the big man’s current deal expires, agent Derrick Powell tells Adrian Wojnarowski of ESPN.

According to Wojnarowski, the deal will be worth the maximum that Allen can receive on a veteran extension, which is just shy of $91MM over three years.

Players are permitted to receive up to 40% raises in the first year of an extension and Allen will make $20MM in 2025/26. That means he’ll earn $28MM in the first year of his new deal, followed by salaries of $30.24MM in ’27/28 and $32.48MM in ’28/29, for a total of $90.72MM.

Allen, 26, has spent the past three-and-a-half seasons in Cleveland, emerging as one of the NBA’s most reliable starting centers during that time. After starting his career in Brooklyn, he became a Cavalier as a result of the four-team blockbuster trade in January 2021 that sent James Harden to Brooklyn, then re-signed with the Cavs on a five-year, $100MM contract during the summer of 2021.

Allen was named an All-Star in 2022 and has averaged 15.1 points, 10.3 rebounds, 2.0 assists, and 1.2 blocks in 31.8 minutes per game with a .642 FG% across 252 outings (241 starts) since arriving in Cleveland. He established new career highs in PPG (16.5) and APG (2.7) this past season, but a rib injury in April ended his season early, sidelining him for the Cavs’ last eight playoff games, including the entire second-round series vs. Boston.

Allen is the third Cavaliers starter to agree to a lucrative multiyear contract extension this offseason, joining Donovan Mitchell and Evan Mobley. Cleveland will now have its top four players – Mitchell, Mobley, Allen, and Darius Garland – under contract through at least 2027 — Mitchell holds a player option for 2027/28.

While Allen has been the subject of some trade speculation in recent years – the Pelicans are known to have significant interest in him – signing this extension will make him ineligible to be dealt for six months.

Unless he waits until August 7 or later to sign his new contract, Allen will become trade-eligible prior to the February 6 trade deadline.

Bucks Waive Jaylin Galloway

August 1st, 2024 at 7:18pm CST by Alex Kirschenbaum

The Bucks have waived two-way player Jaylin Galloway to create a roster spot for reported new two-way addition Anzejs Pasecniks, per Keith Smith of Spotrac (Twitter link).

An Australian-born swingman, Galloway opted to forgo college in favor of playing for the Sydney Kings in Australia’s National Basketball League as a developmental prospect beginning in 2020. He eventually won a championship with Sydney in 2022 and has also played for a pair of NBL1 North semi-pro teams, the Mackay Meteors and Ipswich Force.

Galloway, 21, inked a two-way deal with the Bucks in March this past season. However, he didn’t appear in a game for Milwaukee during his tenure with the team.

Across seven contests with the Bucks’ NBAGL affiliate squad, the Wisconsin Herd, Galloway averaged 4.7 points on a .406/.143/.667 shooting line, along with 3.4 rebounds, 1.4 assists and 1.3 blocks per game.

In Galloway’s stead, Pasecniks now joins the Bucks’ two remaining two-way players, point guard Ryan Rollins and shooting guard Stanley Umude.