Transactions Rumors | Hoops Rumors

Heat Sign Jaquez To Rookie Deal; Smith, Bouyea To Two-Ways

July 1st, 2023 at 5:06pm CST by Alex Kirschenbaum

The Heat have officially inked rookie small forward Jaime Jaquez Jr. to his rookie scale contract, the team has announced (Twitter link).

Jaquez, a 6’7″ swingman, was selected with the No. 18 pick out of UCLA in this summer’s draft. During his final season with the team in 2022/23, the 22-year-old averaged 17.8 PPG on .481/.317/.770 shooting splits, 8.2 RPG and 2.4 APG. He was a consensus All-American Second Team honoree during his last collegiate run with the Bruins, and a three-time All-Pac-12 Teamer.

Miami also just officially signed Dru Smith and Jamaree Bouyea to two-way contracts, according to the league’s official transactions log. Though there is a general NBA moratorium on signings between July 1-6, two-way and rookie signings are still permitted even during this period.

Smith, a 6’3″ shooting guard, initially inked an affiliate deal with the Heat’s NBAGL team, the Sioux Fall Skyforce, in 2021 after going undrafted out of Missouri in 2021. He signed two-way deals with Miami and the Nets last season. Across 22 total games between the Skyforce and Long Island Nets in 2022/23, Smith averaged 15.5 PPG on .482/.379/.682 shooting splits, plus 5.5 RPG, 4.8 APG, 2.0 SPG and 0.6 BPG.

Bouyea, a 6’2″ combo guard, played on separate 10-day contracts with the Heat and Wizards as an undrafted rookie last year, appearing in a total of five games between both clubs.

The two-way qualifying offers that the Heat previously extended to restricted free agents Jamal Cain and Orlando Robinson are still on the table, per Ira Winderman of The South Florida Sun Sentinel (via Twitter).

With word breaking that Trail Blazers All-Star point guard Damian Lillard would reportedly prefer to be dealt to Miami specifically, the Jaquez deal is a bit more notable, as it means that he now cannot be included as part of a trade for the next 30 days. That does not necessarily mean he cannot or will not be a part of a hypothetical package for Lillard, only that a move could not be officially finalized until July 31.

Pacers Sign Jarace Walker, Ben Sheppard

July 1st, 2023 at 5:00pm CST by Arthur Hill

The Pacers have announced the signings of first-round picks Jarace Walker and Ben Sheppard.

As the eighth overall choice, Walker will receive a little more than $6MM, which is 120% of the rookie scale, in the first season of his four-year contract. The 6’8″ power forward averaged 11.2 points and 6.8 rebounds during his lone season at Houston and was named Freshman of the Year in the American Athletic Conference.

The Pacers were believed to be targeting Walker at No. 7, but they selected Bilal Coulibaly in a pre-arranged deal with the Wizards and traded him to Washington for the No. 8 pick.

Sheppard made a strong impression during the pre-draft process and was able to work his way up to the 26th choice. He’ll be eligible to receive $2,537,160 in his first season of his four-year deal.

A 6’6″ guard, Sheppard averaged 18.8 points, 5.2 rebounds and 2.9 assists as a senior at Belmont and was a first-team All-Missouri Valley Conference selection.

Trail Blazers Officially Sign Kris Murray To Rookie Contract

July 1st, 2023 at 4:23pm CST by Alex Kirschenbaum

The Trail Blazers have officially inked new power forward Kris Murray to his rookie scale deal, per a team press release.

Terms of the agreement have not been released, but the deal will most likely pay him $2.8MM to start of his four-year deal.

Portland selected the 6’8″ forward with the No. 23 pick out of Iowa in this year’s draft. Though he wasn’t as starry a prospect as his Trail Blazers first round selection, third overall pick Scoot Henderson of the G League Ignite, the 22-year-old Murray is still an intriguing, decorated young player. Henderson also officially agreed to terms on his rookie scale deal with Portland recently.

A consensus All-America Third Teamer during his third and final season with the Hawkeyes in 2022/23, Murray averaged 20.2 PPG on .476/.335/.729 shooting splits, along with 7.9 RPG, 2.0 APG, 1.2 BPG and 1.0 SPG. He was also named to the All-Big Ten First Team for his efforts.

As is the case for all first-round draft picks, Portland will have team options on the third and fourth seasons of Murray’s rookie contract. Though most signings and trades cannot be completed during the league’s July moratorium as the 2023/24 season officially gets underway, rookie contracts are an exception to that rule.

Rockets Trading Garuba, Washington, Picks To Hawks

July 1st, 2023 at 3:21pm CST by Alex Kirschenbaum

The Rockets are shipping out two young players still on their rookie scale deals, center Usman Garuba and point guard TyTy Washington, plus two future second-round draft picks and $1.1MM in cash considerations, to the Hawks in exchange for the draft rights to 2017 No. 60 pick Alpha Kaba, per Shams Charania of The Athletic and Lauren Williams of The Atlanta Journal-Constitution (Twitter links).

The picks the Hawks will be receiving are the Timberwolves’ 2025 second-round selection and Houston’s own 2028 second-rounder, per Williams. Atlanta has trade exceptions available to absorb Garuba and Washington without sending out any of the team’s own players.

Garuba, 21, might be able to carve out legitimate rotation minutes for a reconfigured Hawks frontline missing longtime starting power forward John Collins, who is being sent to the Jazz. The 6’8″ big man appeared in 75 games off the bench for a rebuilding Houston team last year, his second NBA season. He logged averages of 3.0 PPG on .486/.407/.617 shooting splits, 4.1 RPG and 0.9 APG in 12.9 MPG.

Upon being drafted out of Kentucky with the No. 29 pick last summer, the 6’3″ Washington played sparingly for Houston as a rookie in 2022/23, averaging 4.7 PPG, 1.5 APG and 1.5 RPG in just 31 contests. He posted much more robust numbers with Houston’s G League affiliate, the Rio Grande Valley Vipers, averaging 26.6 PPG, 7.6 APG, 6.6 RPG and 1.6 SPG.

Kaba, a 6’10” power forward/center, is currently playing for Montenegrin club KK Budućnost and seems unlikely to ever play at the NBA level.

For Atlanta, this appears to be an asset-gathering move, as the team adds future draft equity and two intriguing young prospects under cheap team control.

As for the Rockets, Yossi Gozlan of HoopsHype tweets that Houston now has carved out $29MM in available space under the salary cap. The team also opens up a couple extra roster spots and now has 11 players on guaranteed contracts for 2023/24, including Fred VanVleet, whose deal isn’t yet official.

Lakers Re-Sign Austin Reaves To Four-Year Contract

July 1st, 2023 at 2:07pm CST by Luke Adams

JULY 6: Reaves is officially back under contract with the Lakers. The team issued a press release announcing the signing.

JULY 1: Restricted free agent guard Austin Reaves will be returning to the Lakers, per Shams Charania of The Athletic (Twitter link), who hears from agents Aaron Reilly and Reggie Berry that Reaves will be signing a four-year contract worth the full Early Bird amount to remain in Los Angeles.

The deal will be worth just shy of $54MM. It will include a fourth-year player option, per Michael Scotto of HoopsHype (Twitter link), and will feature a 15% trade kicker, according to Charania (Twitter link).

It’s a great outcome for the Lakers, who only held Reaves’ Early Bird rights and couldn’t legally offer him any more than approximately $54MM over four years. Because he was an Arenas provision free agent, Reaves would have been eligible for a back-loaded offer sheet worth in excess of $100MM from a rival suitor, which Los Angeles could have matched.

However, either that offer sheet didn’t materialize or Reaves simply opted to negotiate directly with the Lakers in order to stay with the club that helped facilitate his breakout season in 2022/23.

The No. 12 free agent on our top-50 list, Reaves averaged 13.0 points, 3.4 assists, and 3.0 rebounds in 28.8 minutes per game with an excellent .529/.398/.864 shooting line in 64 regular season appearances last season. He was a full-time starter in the postseason and played even better, putting up 16.9 PPG, 4.6 APG, and 4.4 RPG on .464/.443/.895 shooting in 16 contests (36.2 MPG).

It has been a busy 24 hours for the Lakers, who also reached agreements to re-sign D’Angelo Russell and Rui Hachimura and lined up deals with Gabe Vincent, Taurean Prince, Cam Reddish, and Jaxson Hayes.

Assuming they sign Maxwell Lewis to a rookie-minimum contract, the Lakers will be right up against the luxury tax line with at least one roster spot still to fill, tweets Yossi Gozlan of HoopsHype. However, they’ll have plenty of breathing room below the first tax apron ($172.3MM), which will be their hard cap for the season.

The Lakers will likely seek one more big man with their 14th roster spot and will plan on keeping the 15th slot open to begin the 2023/24 season, tweets Dave McMenamin of ESPN.

Bucks To Re-Sign Brook Lopez To Two-Year Deal

July 1st, 2023 at 1:39pm CST by Alex Kirschenbaum

The Bucks have agreed to terms on a new deal for All-Defensive center Brook Lopez, according to Shams Charania of The Athletic (Twitter link), who reports that the free agent big man will return to the team on a two-year, $48MM deal.

There had been rumblings leading up to free agency that the Rockets were preparing a two-year offer in excess of $40MM for Lopez, so the Bucks used their Bird rights to make an aggressive bid for the big man, ensuring that the Defensive Player of the Year runner-up will continue his career in Milwaukee. Charania confirms (via Twitter) that Houston had indeed made a similar offer.

Lopez, 35, has been a huge part of the Bucks’ recent success. After spending the first portion of his career as an old-school post scorer with an aversion to rim protection, he remade his game in Milwaukee, evolving into a 3-and-D center on a perennial title contender. He won his first NBA championship with the club in 2021.

In agreeing to re-sign Lopez and All-Star swingman Khris Middleton, the Bucks have now held onto their two most important free agents this summer. Milwaukee has thus far let two rotation players, reserve point guard Jevon Carter and backup forward Joe Ingles, walk during this free agent window.

Last year for a 58-24 Bucks club — the league’s top overall seed heading into the playoffs — Lopez averaged 15.9 PPG on .531/.374/.784 shooting splits, 6.7 RPG, 2.5 BPG and 1.3 APG. That block rate was third overall for the season.

Trail Blazers Sign Scoot Henderson To Rookie Deal

July 1st, 2023 at 1:35pm CST by Luke Adams

The Trail Blazers have officially signed Scoot Henderson to his rookie scale contract, according to NBA.com’s transaction log.

With Damian Lillard‘s trade request perhaps signaling the end of an era in Portland, the Blazers have formally locked up the player whom they’ll build around as they enter their next era. The No. 3 overall pick, Henderson is considered to have All-NBA potential and figures to be the team’s lead guard of the future.

Henderson will earn approximately $9.8MM in the first season of his four-year rookie scale contract, which will be worth over $44MM in total.

Although there’s a transaction freeze during the NBA’s July moratorium, which runs from July 1-6, there are a few kinds of moves that can still be completed during the moratorium period. Rookie contract signings are one of them, so many of this year’s first-rounders will likely ink their first NBA deals in the coming days.

Magic Sign Anthony Black, Jett Howard To Rookie Deals

July 1st, 2023 at 12:36pm CST by Alex Kirschenbaum

The Magic have officially signed rookie lottery picks Anthony Black and Jett Howard, the team has announced in a press release (Twitter link).

Based on the 2023/24 rookie scale, Black’s first-year salary is expected to be worth about $7.25MM, while Howard’s will be approximately $5MM. The first two years of both contracts will be guaranteed, while the Magic will hold team options on the third and fourth seasons.

The Magic selected Black, an SEC All-Freshman shooting guard out of Arkansas, with the sixth pick in last month’s draft. During his lone NCAA season, the 6’7″ swingman averaged 12.8 PPG, 5.1 RPG, 3.9 APG, 2.1 SPG and 0.6 BPG.

Howard, a 6’8″ wing out of Michigan, was drafted with the No. 11 selection. The 2022/23 All-Big Ten honoree averaged 14.2 PPG on .414/.368/.800 shooting splits, along with 2.8 RPG, 2.0 APG and 0.7 BPG, while a Wolverine under father and head coach Juwan Howard.

Heat Sign Thomas Bryant To Two-Year Contract

July 1st, 2023 at 12:25pm CST by Luke Adams

JULY 2: The Heat have formally announced Bryant’s deal with the team, issuing a press release to confirm that it’s official.

JULY 1: The Heat and free agent center Thomas Bryant have agreed to a two-year contract, agents Mark Bartelstein and Zach Kurtin tell Adrian Wojnarowski of ESPN (Twitter link).

It’ll be a minimum-salary contract with a second-year player option, according to Wojnarowski. The first-year cap hit will be about $2.53MM, then Bryant will make a decision on a $2.85MM salary for 2024/25.

Bryant, who will turn 26 later this month, signed with the Lakers in free agency a year ago after returning from an Achilles tear that limited him to 37 total games for the Wizards in the prior two seasons. He played well in Los Angeles, averaging 12.1 points and 6.8 rebounds in 41 games, including 25 starts. However, when his rotation role was cut back, he reportedly sought a change of scenery.

The Lakers acquiesced, sending him to the Nuggets in a trade-deadline deal. Bryant didn’t end up playing much in Denver either, averaging just 11.4 MPG in 18 appearances down the stretch, but he got to part of the team’s championship run this spring.

In Miami, Bryant figures to get an opportunity to play rotation minutes behind Bam Adebayo at center, with centers Cody Zeller and Omer Yurtseven both on the open market and seemingly unlikely to return. The Heat’s newest center will bring some floor-stretching ability, having made 36.6% of his career three-pointers.

A strong season would put Bryant in position to opt out and return to free agency a year from now.

Spurs Officially Sign Victor Wembanyama

July 1st, 2023 at 11:23am CST by Rory Maher

The Spurs have officially signed 2023 No. 1 overall pick Victor Wembanyama, the team announced in a press release.

While the terms of the contract were not disclosed, Wembanyama will have a $12,160,680 salary in 2023/24, which is the maximum he can receive in the first year of his rookie scale contract. As with all first-round picks, San Antonio will hold team options in years three and four.

Wembanyama, a 7’3″ big man, was MVP and Defensive Player of the Year of the LNB Pro A, France’s top basketball league. He averaged 21.6 points, 10.4 rebounds, 2.4 assists and 3.0 blocks in 34 games last season (32.1 minutes per contest).

The 19-year-old is widely considered to be the best NBA prospect since LeBron James was selected first overall 20 years ago. Wembanyama will participate in Summer League with the Spurs later this month, per the team.