Transactions Rumors | Hoops Rumors

Nets Sign Lonnie Walker To One-Year Deal

July 2nd, 2023 at 3:50pm CST by Dana Gauruder

JULY 10: The signing is official, according to a team press release.

JULY 2: The Nets are signing free agent swingman Lonnie Walker on a one-year contract, ESPN’s Adrian Wojnarowski tweets.

The Lakers were interested in re-signing Walker but he could find more playing time in Brooklyn. Walker made $6,479,000 in his one season with the Lakers and he became an unrestricted free agent after the season.

The 24-year-old Walker, who played four seasons with San Antonio, appeared in 56 regular-season games (32 starts) with the Lakers. He averaged 11.7 points, 1.9 rebounds and 1.1 assists in 23.2 minutes. He also appeared in 13 postseason contests, averaging 6.2 points in 13.8 minutes.

How exactly Walker slots into Brooklyn’s rotation remains to be seen. The Nets have a glut of wings, so the addition of Walker could signal some other moves.

The team has also parted ways with Patty Mills and Joe Harris this offseason, so there could be a path to minutes even without further roster shuffling, though fellow newcomer Dennis Smith Jr. also figures to have a role in the backcourt.

Eric Gordon Signs Two-Year Contract With Suns

July 2nd, 2023 at 3:05pm CST by Dana Gauruder

JULY 6: The Suns have officially signed Gordon, the team announced in a press release.

“Eric is a winning player who will make our team more dynamic and help us in our pursuit of an NBA championship,” general manager James Jones said in a statement.

JULY 2: The Suns have reached an agreement with free agent guard Eric Gordon, Shams Charania of The Athletic tweets. Gordon had multiple suitors and turned more lucrative offers to join one of the prime contenders for the 2024 championship, Charania adds (Twitter link).

It’s a two-year contract with a player option, Duane Rankin of the Arizona Republic tweets. Due to its salary-cap issues, Phoenix could only offer Gordon the veteran’s minimum after he passed through waivers.

Gordon became a free agent when the Clippers declined to guarantee his $20.9MM salary for next season. The Clippers had luxury tax issues and decided to give Gordon’s minutes to younger players.

Gordon now becomes at least a key second-unit performer on a potentially powerhouse team. He could be the leading scorer off the bench while playing alongside Cameron Payne or Damion Lee in the backcourt. It’s conceivable Gordon could slide into the starting unit with Devin Booker and Bradley Beal at the wing positions. He’s been a starter in 627 of 818 career NBA regular-season games.

After clearing waivers, Gordon had narrowed his choices to the Suns, Warriors and Rockets, according to Kelly Iko of The Athletic (Twitter link). The Warriors had made Gordon their top backcourt target on the free agent market via a veteran’s minimum deal, Anthony Slater of The Athletic tweets. However, the pathway to minutes in Golden State’s backcourt — with the addition of Chris Paul — would have been murkier than the Suns’ current situation.

L.A. acquired Gordon from the Rockets in a three-team deal at the trade deadline. He averaged 11.0 PPG and shot 42.3% from three-point range in his 22 regular season games with the Clippers and put up similar numbers in the playoffs.

Gordon joins a host of other free agents who have reached agreements with the Suns in the early days of free agency. The Suns have also secured the services of Drew Eubanks, Keita Bates-Diop, Josh Okogie, Lee, Yuta Watanabe and Chimezie Metu.

The addition gives Phoenix a full 15-man roster. The Suns’ roster now exceeds $250MM in total payroll and luxury tax penalties, Yossi Gozlan of HoopsHype notes (Twitter link).

Luka Garza Returns To Timberwolves On Two-Way Deal

July 2nd, 2023 at 3:01pm CST by Dana Gauruder

The Timberwolves have re-signed big man Luka Garza on a two-way contract, Michael Scotto of Hoops Hype tweets. The signing is official, according to the NBA’s transactions log.

Garza was also on a two-way deal last season. Entering his third NBA season, Garza received a qualifying offer from Minnesota prior to the start of free agency, making him a restricted free agent. Minnesota has a full 15-man roster after reaching agreements with three free agents and adding two rookies via the draft.

While Garza didn’t get a standard contract from the club, he’ll now fill one of the Timberwolves’ three two-way slots for the coming season. Garza appeared in 28 games for the Timberwolves last season, averaging 6.5 points and 2.3 rebounds in 8.7 minutes per game off the bench.

He spent his first NBA season with Detroit after being selected with the No. 52 pick of the 2021 draft. He played 32 games for the Pistons, including five starts.

Under the new CBA, two-way players can now negotiate to receive $75K immediately upon signing, and they can negotiate that 50% of their salary is guaranteed if they are on the roster on the first day of the regular season.

Pelicans Sign Cody Zeller To One-Year Contract

July 2nd, 2023 at 2:59pm CST by Rory Maher

JULY 6: The Pelicans have signed Zeller, according to an official announcement from the team.

JULY 2: The Pelicans are signing free agent center Cody Zeller to a one-year, $3.1MM contract, agent Sam Goldfeder tells Adrian Wojnarowski of ESPN (Twitter link).

Zeller just completed his 10th season, so he’ll be receiving the veteran’s minimum for a player with his experience. As our minimum-salary projections for 2023/24 show, he’ll actually be making just under $3.2MM.

The Pelicans chose not to bring back Willy Hernangomez or Jaxson Hayes, so Zeller will help fortify the team’s frontcourt depth. Hernangomez might be headed back to Europe, where he started his pro career, while Hayes is signing a two-year deal with the Lakers.

Zeller, 30, was the fourth overall pick of the 2013 draft after two college seasons at Indiana. He spent his first eight NBA seasons with Charlotte, averaging a combined 8.7 PPG and 6.0 RPG over 467 contests (22.7 MPG).

The 6’11” big man spent the past two seasons with Portland and Miami, respectively. He was a mid-season addition in ’22/23 for the Heat, who went on to make the NBA Finals as the East’s No. 8 seed.

Zeller averaged 6.5 PPG and 4.3 RPG in 15 regular season games for the Heat (14.5 MPG). He appeared in 21 of the club’s 23 postseason games, though his minutes were reduced to 8.3 per night.

The addition of Zeller means, at least for now, that the Pelicans will be above the ’23/24 luxury tax threshold, tweets Christian Clark of NOLA.com. A cost-cutting move could be in store to dip under the tax line.

Rockets To Acquire Patty Mills, Flip Him To Thunder

July 2nd, 2023 at 1:00pm CST by Alex Kirschenbaum

JULY 2, 1:00pm: Mills will be heading to the Thunder, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that Oklahoma City will receive unspecified draft compensation as part of the deal.

JULY 2, 8:58am: Mills’ eventual destination remains a mystery for now. Chris Herrington of The Daily Memphian (Twitter link) says his understanding is that the veteran guard won’t be headed to the Grizzlies.

According to Jonathan Feigen of The Houston Chronicle, the Rockets traded for Mills in order to acquire an extra second-round draft pick. That’s not quite the same as saying the Nets are sending a single second-rounder to Houston as part of the deal, but that’s our working assumption for now.

JULY 1, 9:02pm: Mills won’t be staying with Houston, according to Iko, who tweets that the veteran guard will be included in an expanded version of the Brooks sign-and-trade and will be rerouted to a different team. It’s not clear at this point if that team will be the Grizzlies or another club.

JULY 1, 5:39pm: The Rockets continue to fill out their previously youth-heavy roster with more seasoned additions early in the 2023 offseason.

Shams Charania and Kelly Iko of The Athletic report (Twitter link) that Houston is putting the finishing touches on a trade for sharpshooting Nets veteran combo guard Patty Mills.

It’s unclear exactly what the Rockets are sending to Brooklyn in the deal, but the Nets aren’t taking back any players, per NetsDaily (Twitter link).

The 6’1″ vet remains a reliable catch-and-shoot option even 14 years into his NBA career. Last season for a playoff-bound Brooklyn team, the 34-year-old Saint Mary’s alum averaged 6.2 PPG on .411/.366/.833 shooting splits, 1.4 APG and 1.1 RPG across 14.2 MPG, his lowest output since the 2012/13 season.

Mills was a huge bench contributor on two NBA Finals-bound Spurs clubs in 2013 and 2014, winning it all in ’14. A deal for him would mark just the latest move clearly made with an eye towards expediting Houston’s timeline.

The Rockets, a team already loaded with recent lottery picks, have also inked experienced free agents Fred VanVleet, Dillon Brooks, and Jock Landale during this free agency period. Houston also signed controversial former Celtics head coach Ime Udoka with an eye toward professionalizing its locker room identity.

Wizards Sign Bilal Coulibaly To Rookie Contract

July 2nd, 2023 at 12:05pm CST by Luke Adams

The Wizards have officially signed first-round pick Bilal Coulibaly to his rookie scale contract, according to NBA.com’s transaction log.

Coulibaly, who wasn’t originally projected to be a lottery pick in the 2023 draft, saw his stock rise over the course of the 2022/23 season as he submitted a strong performance alongside Victor Wembanyama for Metropolitans 92 in his home country of France.

Coulibaly put up modest numbers in 27 games in the French LNB Pro A league, including 5.0 points and 3.1 rebounds in 18.1 minutes per contest. However, he showed intriguing upside as a shooter (.452 3PT%) and defender, and he’s still just 18 years old (19 later this month).

The Wizards ended up sending two future second-round picks to the Pacers in order to trade up to No. 7 to snag Coulibaly. That means, as our breakdown of this year’s rookie scale salaries shows, he’ll be in line for a first-year salary of $6.6MM and a four-year deal worth $30MM.

Pistons Sign Ausar Thompson, Jared Rhoden, Malcolm Cazalon

July 2nd, 2023 at 11:14am CST by Arthur Hill

The Pistons have signed Ausar Thompson to his rookie scale contract, the team announced (via Twitter).

The fifth overall pick in this year’s draft, Thompson is eligible to receive $7,977,480 in his first season and can make $36,246,405 over the four-year contract, as our breakdown of rookie scale salaries shows.

Thompson, 20, was named MVP and Finals MVP last season in the Overtime Elite league. The versatile small forward averaged 17.5 points, 6.7 rebounds and 5.8 assists as the City Reapers captured the championship.

Detroit also announced the signing of guards Jared Rhoden and Malcolm Cazalon to two-way contracts (Twitter link).

Rhoden was a two-way player last season with the Pistons’ G League affiliate, the Motor City Cruise, and played 14 games in the NBA. He received a two-way qualifying offer to make him a restricted free agent.

Cazalon spent the past three seasons with Mega MIS in Serbia. In 25 games last season, he averaged 11.3 PPG, 3.4 RPG, and 2.6 APG with a .462/.337/.800 shooting line in 25.5 minutes per night. He’s still just 21 years old.

The Pistons still have one two-way slot open.

Darius Days Re-Signs With Rockets

July 2nd, 2023 at 10:51am CST by Arthur Hill

The Rockets have re-signed Darius Days to another two-way contract, the team announced today in a press release.

Houston claimed Days last October after he was waived by the Heat and inked him to a two-way contract. He spent almost the entire season with the organization’s G League affiliate in Rio Grande Valley, earning second team all-league honors by averaging 24.4 points, 9.8 rebounds and 4.0 made three-pointers per game.

The 23-year-old forward also saw minimal playing time in four NBA games.

The Rockets submitted a two-way qualifying offer to Days earlier this week, which serves as another one-year contract as a two-way player with a small financial guarantee attached.

Houston has also re-signed Trevor Hudgins, its other two-way player from last season. The club still has an open two-way slot, since teams can carry up to three players on two-way deals starting in 2023/24.

Alex Len Signs One-Year Deal With Kings

July 1st, 2023 at 9:33pm CST by Arthur Hill

July 10: Len’s new deal is official, the Kings announced (Twitter link via James Ham of TheKingsBeat.com).

July 1: Alex Len will stay with the Kings on a one-year, veteran’s minimum contract, tweets Shams Charania of The Athletic. It will pay him $3,196,448.

The 30-year-old appeared in just 26 games last season, averaging 1.7 points and 2.3 rebounds in 6.2 minutes per night. He claimed a role as the team’s backup center late in the season, but his playing time was sporadic in the seven-game playoff series against the Warriors.

There may be a clearer path to regular minutes for Len in 2023/24 following Sacramento’s trade of Richaun Holmes and the free agent departure of Chimezie Metu.

However, with the offseason far from over, the team also may still bring in another big man to be Domantas Sabonis‘ primary backup.

Len was the fifth pick in the 2013 draft, but he has never been able to live up to that status. He returned to the Kings as a free agent in 2021 after briefly playing for them during the 2019/20 season.

Ibou Badji Re-Signs With Trail Blazers On Two-Way Deal

July 1st, 2023 at 9:12pm CST by Rory Maher

Restricted free agent center Ibou Badji has re-signed with the Trail Blazers on a two-way contract, per NBA.com’s official transactions log.

It seems likely that Badji simply accepted the two-way qualifying offer that Portland issued him a couple days ago in order to secure the right of first refusal.

A 7’1″ Senegalese center with a 7’9″ wingspan, Badji played in Spain from 2019-22 and joined the Wisconsin Herd (the Bucks’ G League club) to begin the 2022/23 campaign after going undrafted last year.

In seven games with the Herd, Badji averaged 7.4 points, 6.6 rebounds, and 2.4 blocks in 17.6 minutes per contest, impressing the Blazers with his ability to protect the rim. Portland signed him to a two-way deal in November.

The Blazers didn’t have a G League affiliate of their own last season (they do now), so Badji didn’t play any more NBAGL games after joining Portland.

The big man could have suited up for the Blazers or been assigned to another team’s G League affiliate, but he was listed on the team’s injury report for a few months with left knee soreness before undergoing surgery in March. He was expected to be out for eight weeks, so he should be go to go for training camp this fall.