Transactions Rumors | Hoops Rumors

Thunder Waive Daniel Theis

February 6th, 2025 at 2:43pm CST by Rory Maher

The Thunder have waived Daniel Theis, the team announced in a press release.

Oklahoma City acquired Theis and a 2031 second-round pick in a trade with New Orleans on Wednesday. The pick will be either the Pelicans’ or Magic’s, whichever is least favorable.

It was a salary-dump move for the Pelicans, and obviously Theis wasn’t in the Thunder’s plans either. The eight-year veteran appeared in 38 games for New Orleans in 2024/25, averaging 4.3 points, 4.3 rebounds and 1.6 assists in 16.3 minutes per contest, with a shooting slash line of .473/.243/.838.

At 6’8″, Theis is undersized for a center, which has been his primary position in the NBA. Still, the 32-year-old German could provide some depth in the middle for a team seeking a reserve big man.

Theis was on a minimum-salary contract, so the Thunder will carry a dead-money cap hit of about $2.1MM if he passes through waivers. Assuming he goes unclaimed, he’ll be an unrestricted free agent in a couple days and will be able to sign with any team except New Orleans.

Oklahoma City now has 14 players on standard contracts. Rookie center Branden Carlson has signed a pair of 10-day deals with the Thunder and can only be re-signed if he’s given a rest-of-season standard contract or is brought back on a two-way deal, the latter of which would require OKC to either release a player or promote one.

Wizards Waive Reggie Jackson

February 6th, 2025 at 2:26pm CST by Arthur Hill

The Wizards are placing veteran guard Reggie Jackson on waivers after acquiring him from the Sixers earlier today, the team announced (via Twitter).

Jackson is on a one-year, minimum-salary contract, so Washington won’t be on the hook for any dead money beyond this season after letting him go. Assuming he clears waivers, he’ll be free to sign with anyone except Philadelphia for the rest of the season.

The Wizards were able to acquire a 2026 first-round pick from the Sixers, which was their motivation for the deal. They now have a roster opening, along with a vacant two-way slot after sending Jared Butler to Philadelphia.

The 34-year-old Jackson signed with Philadelphia as a free agent last summer, but he averaged just 4.4 points and 1.5 assists in 31 games while playing 12.4 minutes per night. Still, he may find some interest on the open market from teams looking for veteran backcourt help.

Pistons To Acquire Dennis Schröder

February 6th, 2025 at 1:49pm CST by Arthur Hill

The Jazz agreed to take Dennis Schröder in the four-team Jimmy Butler trade, but he’s expected to wind up with the Pistons, sources tell Omari Sankofa II of The Detroit Free Press (Twitter link). Jake Fischer of The Stein Line and Chris Haynes both confirm Sankofa’s report.

Utah will receive KJ Martin, Josh Richardson and a 2028 second-round pick in return, a source tells Fischer (Twitter link). The Pistons initially took Richardson from Miami in the Butler deal and agreed to acquire Martin from the Sixers on Wednesday.

It’s possible the Martin deal with Philadelphia will get folded into the Butler trade. Otherwise, it appears the Pistons will complete their acquisition of Martin first, taking him into cap room. Once that’s done, Detroit, Utah, Golden State and Miami can officially pull the trigger on the Butler deal.

Counting the Jazz, this will be the fourth team of the season for Schröder, who was traded from Brooklyn to Golden State in mid-December. The Warriors were counting on him to stabilize their backcourt, but he turned out to be an unreliable shooter, connecting at just 37.5% from the field and 32.2% from three-point range in 24 games.

Schröder had been expecting to stay in the Bay Area and recently signed a new lease, according to Marc J. Spears of Andscape (Twitter link). He learned that he had been traded after Wednesday’s pre-game warm-up, and now he’s on the move again.

He should have an opportunity to play a regular role in Detroit, where the Pistons have been on the lookout for another ball-handler and play-maker since Jaden Ivey broke his fibula last month.

Schröder’s $13MM contract is expiring, so the Pistons will have to decide this summer whether to make a long-term commitment. Richardson’s $3MM deal is also expiring, while Martin has an $8MM non-guaranteed contract for next season.

Sixers Trade Reggie Jackson, First-Round Pick To Wizards For Jared Butler, Four Second-Rounders

February 6th, 2025 at 1:20pm CST by Luke Adams

1:20 pm: The trade is official, according to a press release from the Sixers. Philadelphia waived two-way player Pete Nance in order to complete the deal.

9:19 am: The Sixers and Wizards have agreed to a trade, according to Michael Scotto of HoopsHype, who reports (via Twitter) that Washington will acquire a 2026 first-round pick from Philadelphia in exchange for four second-rounders.

A pair of players will also be involved in the deal, per Marc Stein of The Stein Line (Twitter link), with veteran guard Reggie Jackson headed to the Wizards and two-way player Jared Butler going to the 76ers.

According to Stein (Twitter links), the 2026 first-rounder Washington is acquiring will be the least favorable of the Thunder’s, Rockets’, and Clippers’ picks for that year. Houston’s first-rounder is technically top-four protected, though that’s extremely unlikely to affect which pick the Wizards receive.

Philadelphia, meanwhile, will receive second-rounders in 2027 and 2028, along with two in 2030, Stein adds. Here are the exact details on those four second-rounders, per Adam Aaronson of PhillyVoice (Twitter link):

Either the Warriors’ or Suns’ 2027 second-round pick (whichever is most favorable).
The Warriors’ 2028 second-round pick.
The Wizards’ 2030 second-round pick.
Either the Suns’ or Trail Blazers’ 2030 second-round pick (whichever is most favorable).

It’s a consolidation trade for the Wizards, who are taking on a little extra salary (Jackson is on a one-year, minimum-salary contract) and dipping into their huge collection of excess second-round picks in order to add a guaranteed first-round selection. Washington will still have 14 second-rounders at its disposal going forward.

As for the Sixers, they’re sacrificing a first-round pick that will likely end up in the 20s — or even at No. 30, if the Thunder are as good next season as they’ve been this year. They’ll also still control their own first-rounder in 2026 (assuming their top-six protected 2025 pick conveys this year) and have now replenished their collection of second-rounders going forward.

On top of that, Philadelphia will create a little extra financial flexibility below the luxury tax line – they’re now $3.5MM below that threshold, according to ESPN’s Bobby Marks (Twitter link) – and will get a chance to take a flier on Butler, who has been solid in a limited role in Washington.

Butler has averaged 6.9 points, 2.6 assists, and 1.3 rebounds in 11.3 minutes per game, with a shooting line of .483/.366/.778, across 32 appearances off the bench this season. The former No. 40 overall pick could be a candidate for a promotion to the Sixers’ standard roster, since he’s nearing his 50-game NBA limit for the season.

Conversely, I wouldn’t expect Jackson to factor into the Wizards’ rest-of-season plans. The veteran guard is averaging just 4.4 PPG and 1.5 APG in 12.4 MPG (31 games) this season, with a .391/.338/.778 shooting line. Josh Robbins of The Athletic confirms (via Twitter) that Jackson will likely be traded or waived by Washington.

Having waived Sidy Cissoko earlier today, Washington has an open spot on its standard roster to take in Jackson. The move will create an open two-way slot for the Wizards.

The Sixers will create another opening on their 15-man roster – they’ll have three once this deal and their KJ Martin trade are official – but will need to cut a two-way player to acquire Butler.

Sixers Sending Second-Rounder To Mavs In Caleb Martin Deal

February 6th, 2025 at 12:15pm CST by Rory Maher

The Sixers are amending their trade with the Mavericks and will now send Dallas a second-round pick in 2030 in addition to Caleb Martin, league sources tell Marc Stein (Twitter link).

According to Keith Pompey of The Philadelphia Inquirer (Twitter link), the 76ers are trading their own 2030 second-rounder to the Mavs. Philadelphia will control multiple 2030 second-round picks after officially completing its trade with Washington.

As Stein explains, Martin has been dealing with a right hip sprain and was believed to be nearing a return, but his physical was flagged due to the injury (Twitter links). Both teams consulted with the league office and Philadelphia agreed to send Dallas a second-round pick as a result.

Stein clarifies that the Mavericks don’t have any long-term concerns about Martin’s hip, though a return timeline for the veteran swingman has yet to be established.

Dallas sent impending restricted free agent Quentin Grimes and Philadelphia’s 2025 second-rounder, which the Mavs controlled from a previous deal, to the 76ers in the trade.

Bucks Trading Patrick Baldwin Jr., Cash To Spurs

February 6th, 2025 at 11:27am CST by Rory Maher

The Bucks are trading forward Patrick Baldwin Jr. and cash to the Spurs, according to Shams Charania of ESPN (Twitter link).

Moving off Baldwin’s $2.45MM contract will give Milwaukee more breathing room below the second tax apron.

It’s possible the deal will be folded into the larger trade that will send Khris Middleton to the Wizards and Kyle Kuzma to the Bucks, as that’s how Milwaukee acquired Baldwin in the first place. In that scenario, he’d technically just go straight from Washington to San Antonio.

The Spurs have an open roster spot after sending out multiple players in the De’Aaron Fox blockbuster, plus enough space left in their room exception to acquire Baldwin outright without having to send anything back in return.

The 28th overall pick of the 2022 draft, Baldwin spent his rookie season with Golden State prior to being traded to the Wizards in the Jordan Poole/Chris Paul deal back in July 2023. Baldwin’s role has been extremely limited through three NBA seasons. He has appeared in just 22 games in 2024/25 for a total of 101 minutes.

Baldwin also appeared in seven G League games with the Capital City Go-Go this season, averaging 15.0 points, 6.0 rebounds and 1.9 assists on .494/.349/.571 shooting in 27.3 minutes per contest.

Still just 22 years old, Baldwin had his rookie scale team option for ’25/26 declined last fall, which means he’ll be an unrestricted free agent this summer. He may not be in San Antonio’s plans either, so he could potentially hit free agency sooner than that if the team decides to release him in the coming days.

Celtics Trade Jaden Springer, Second-Round Pick To Rockets

February 6th, 2025 at 10:54am CST by Luke Adams

FEBRUARY 6: The trade is official, the Celtics and Rockets announced today. In addition to the terms outlined below, Houston is also receiving a protected 2027 second-round pick.

Based on the draft assets Boston controlled, per RealGM, that ’27 second-rounder figures to be either the Trail Blazers’ or Pelicans’ pick (whichever is least favorable; top-55 protected). In other words, the Rockets will only get that pick if either Portland or New Orleans is among the NBA’s top five teams in 2026/27.

FEBRUARY 5: The Celtics have agreed to trade guard Jaden Springer and a 2030 second-round pick to the Rockets in a cost-cutting move, sources tell Shams Charania of ESPN (Twitter link).

According to Charania, the two teams will also swap heavily-protected second-rounders. Kelly Iko of The Athletic reports (via Twitter) that Houston will send Boston a top-55 protected 2031 second-round selection.

A salary-dump deal involving Springer had long been anticipated for the defending champions, who had been operating well beyond the luxury tax line and had a projected end-of-season tax bill of about $65.6MM prior to this trade, according to ESPN’s Bobby Marks (Twitter link).

Moving off Springer’s expiring $4.02MM contract will reduce that projected tax payment to approximately $50.2MM, per Marks, while also opening up a second spot on Boston’s 15-man roster. It doesn’t impact their tax apron position — they remain over the second apron.

Teams can’t carry fewer than 14 players for more than 14 days at a time, so the Celtics will have up to two weeks to re-add a 14th man once their deal with the Rockets is official. Signing a replacement for Springer will bump the team’s tax bill back up a little, but the newcomer figures to be on a prorated minimum-salary deal and will have a far more modest cap hit than Springer did, so the accompanying tax penalty won’t be substantial.

As for the Rockets, they entered the day with more than $10MM in breathing room below the luxury tax line, so absorbing Springer’s $4.02MM salary doesn’t materially change their cap situation. They also have an open spot on their 15-man roster, meaning no one will have to be waived to finalize the deal.

Houston doesn’t have any trade exceptions available, but they can use a portion of their mid-level exception to take on Springer’s salary without sending out a player for matching purposes.

Springer was the 28th overall pick in the 2021 draft, but never developed into a reliable rotation player for the Sixers and was traded to the Celtics at last season’s deadline. The 22-year-old played sparingly in Boston too, appearing in just 43 games over the past year and averaging 1.9 points and 1.0 rebound in 6.3 minutes per contest.

Although Springer will be eligible for restricted free agency at the end of his contract, he’s not expected to receive a qualifying offer. In fact, he may reach unrestricted free agency before season’s end — if the Rockets want to use their 15th roster spot on another player, he’ll likely be the odd man out.

Raptors Trading Davion Mitchell To Heat For P.J. Tucker, Second-Rounder, Cash

February 6th, 2025 at 10:36am CST by Luke Adams

The Raptors appear to be getting involved in the multi-team Jimmy Butler blockbuster after all.

Initially thought to be involved in the deal as a facilitator to take on Kyle Anderson, Toronto is instead acquiring veteran forward P.J. Tucker, who was being sent from Utah to Miami as part of the Butler trade, reports Shams Charania of ESPN (Twitter link).

According to Charania, the Raptors will also get a second-round pick and cash from the Heat in the swap, which will send guard Davion Mitchell to Miami. The second-rounder is the Lakers’ 2026 pick, per Blake Murphy of Sportsnet.ca (Twitter link).

While Charania doesn’t explicitly say so, this agreement will likely be folded in the larger framework of the Butler trade, with Tucker going directly from the Jazz to Toronto in the multi-team deal.

It’s a financially motivated maneuver for the Heat, who will take on Mitchell’s $6.45MM expiring contract instead of Tucker’s $11.54MM expiring deal. That will allow them to duck below the first tax apron by about $1.96MM, according to ESPN’s Bobby Marks, who adds (via Twitter) that Miami remains above the luxury tax line by approximately $2.8MM.

It remains to be seen if the Heat will hang onto Mitchell or if they have additional moves to come. The former ninth overall pick is a talented point-of-attack defender who has a limited offensive game. In 44 games (22 starts) for the Raptors this season, he averaged 6.3 points and 4.6 assists in 24.5 minutes per night, with a .434/.359/.676 shooting line.

Mitchell will be eligible for restricted free agency at season’s end, though he seems unlikely to receive a qualifying offer.

Tucker has some history in Toronto — he was drafted by the franchise in 2006 and spent his rookie season with the Raptors, then was traded back to the team in 2017. However, his third stint with the organization will likely be a brief one, as he’s a virtual lock to be bought out or released outright.

Toronto still had a fair amount of breathing room below the luxury tax line after agreeing to acquire Brandon Ingram from New Orleans, which is why the club is willing to accommodating a salary dump. The second-round pick and cash they’re getting in the deal incentivized the Raptors to swap out Mitchell for Tucker and his pricier contract.

The Raptors could use Mitchell’s salary for matching purposes to complete the trade or could utilize its untouched mid-level exception to absorb Tucker’s incoming salary. In the latter scenario, the team would create a new trade exception worth Mitchell’s outgoing $6.45MM salary.

Wizards Waive Sidy Cissoko

February 6th, 2025 at 8:55am CST by Luke Adams

The Wizards have requested waivers on forward Sidy Cissoko, the team announced today (via Twitter).

It has been an eventful week for Cissoko, who was traded from the Spurs to the Kings in the De’Aaron Fox/Zach LaVine multi-team blockbuster, then was flipped to Washington in Wednesday’s Jonas Valanciunas deal. Now, assuming he clears waivers on Saturday without being claimed, he’ll be seeking a new home.

Cissoko, 20, was the 44th overall pick in the 2023 draft. Although he signed a three-year contract that included two guaranteed seasons, the French forward played an extremely limited role during his season-and-a-half with the Spurs, appearing in just 29 NBA games, averaging 2.3 points and 1.1 rebounds in 6.7 minutes per night.

Cissoko saw more action in the G League with the Austin Spurs, San Antonio’s affiliate. He made 34 total appearances for the club last season and 11 more in 2024/25. In those 11 games this season, he averaged 16.3 points, 4.1 rebounds, and 3.2 assists per contest, with a shooting line of .489/.264/.595.

It’s unclear if Cissoko will catch on with a new NBA team or if a return to Europe, where he began his professional career, could be in the cards. He’s still just 20 years old (21 in April) and is eligible to sign a two-way contract, so I’d expect some NBA clubs to have some level of interest in him.’

Because the Kings were the last team to trade Cissoko before he was cut, Sacramento won’t be eligible to re-sign him, but San Antonio would be.

The Wizards, meanwhile, will open up a spot on their 15-man roster as a result of the move, which could come in handy if they have any additional pre-deadline moves on tap. They still need to officially finalize their Kyle Kuzma/Khris Middleton deal with Milwaukee today.

Knicks To Trade Jericho Sims To Bucks For Delon Wright

February 5th, 2025 at 9:26pm CST by Arthur Hill

The Bucks will acquire backup center Jericho Sims from the Knicks, sources tell Shams Charania of ESPN (Twitter link). The move will be folded into a deal between Milwaukee and Washington that was reported earlier today.

New York will receive Delon Wright and cash in return, Charania tweets. The Bucks will be permitted to send out cash because they will be below the second tax apron once the deal is finalized.

According to Stefan Bondy of The New York Post (Twitter link), the Knicks will also part with the draft rights to French big man Mathias Lessort in exchange for the draft rights to French guard Hugo Besson.

The Bucks were among the teams said to have interest in Sims, along with both L.A. clubs, in a Tuesday report from Michael Scotto of HoopsHype.

Sims, 26, is in his fourth season with the Knicks after being selected with the 58th pick in 2021. He has appeared in 39 games so far this season, but his playing time declined to a career-low 10.8 minutes per game and he was averaging just 1.6 points and 3.3 rebounds. He has a $2.1MM expiring contract and will be an unrestricted free agent after the season.

The move raises speculation that New York will try to add another big man before Thursday afternoon’s trade deadline. Mitchell Robinson remains out of action while recovering from offseason ankle surgery, although he’s reportedly making progress toward a return.

Wright, a 32-year-old guard, was in his first season with the Bucks after signing as a free agent in July. His shooting has been an issue as he’s connecting at 26.8% from the field and 24.5% from three-point range while averaging 2.5 PPG in 26 games.

Wright is on a one-year, $2.1MM contract and is also headed for free agency at season’s end. The expectation is that the Knicks will hang onto the veteran guard for now rather than flipping him or waiving him, tweets Bondy.