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Magic Trade Three Second-Rounders To Suns For 2026 Pick Swap

July 17th, 2023 at 1:05pm CST by Luke Adams

JULY 17: The draft-pick trade is now official, the Magic announced (via Twitter).

JULY 16: The Magic and Suns have agreed to a draft-pick trade that will send three second-rounders from Orlando to Phoenix in exchange for a 2026 first-round pick swap, reports ESPN’s Adrian Wojnarowski (Twitter link).

The Suns have already given the Wizards the right to swap first-round picks in 2026 as part of their Bradley Beal blockbuster, so the Magic will get the opportunity to swap their own 2026 first-rounder for the least favorable of Phoenix’s and Washington’s two picks. The Suns will end up with the worst of the three picks.

The three second-round picks headed to Phoenix in the trade are as follows, per Wojnarowski and ESPN’s Bobby Marks (Twitter link):

The Nuggets’ 2024 second-rounder.
The least favorable of the Magic’s, Pistons’, and Bucks’ 2026 second-rounders.
The Celtics’ 2028 second-rounder (top-45 protected).

It’s a fascinating deal, and the third one of its kind that we’ve seen made this offseason. The Suns and Grizzlies completed a similar trade involving three second-rounders and first-round pick swaps in 2024 and 2030. The Spurs gave up multiple second-rounders in a three-team deal with Dallas and Boston in order to gain the right to swap 2030 first-round picks with the Mavericks.

The Suns are essentially betting on their own continued success in order to replenish their collection of second-round picks, which was depleted in the Beal trade. As long as Phoenix is among the NBA’s best teams, those swaps should’t amount to much, in which case the Suns are essentially adding second-round picks for free.

The Magic, meanwhile, are betting on their own ascent, and gambling against the sustained success of the Suns and the retooling project in Washington. The hope in Orlando is that the Magic will have moved up far enough in the standings by 2026 that they’ll get to take advantage of their swap rights in order to move up at least a few spots in the first round of the draft.

Sixers Sign Filip Petrusev

July 17th, 2023 at 9:57am CST by Arthur Hill

The Sixers have signed draft-and-stash prospect Filip Petrusev, the team announced (via Twitter). Terms haven’t been released, but it will be a standard contract rather than a two-way deal, tweets Keith Pompey of The Philadelphia Inquirer.

Philadelphia selected the 6’11” center with the 50th pick in the 2021 NBA draft. He made a positive impression during Summer League after spending the last two years playing for teams in Turkey and Serbia.

Petrusev, 23, was named West Coast Conference Player of the Year with Gonzaga in 2020 and earned second-team All-American honors from the NABC. He was a member of the EuroLeague champions in 2022 and the Serbian League and Serbian Cup winners this year.

Petrusev is the latest backup center to be added to a Sixers team that recently signed Mohamed Bamba, matched an offer sheet for Paul Reed and is expected to re-sign Montrezl Harrell. Once the deal with Harrell becomes official, Philadelphia will have 14 players with standard contracts.

Sixers Add Council, Tubelis, Smith On Two-Way Deals

July 17th, 2023 at 9:15am CST by Dana Gauruder

JULY 17: The two-way deal for Tubelis is official, the team announced in a press release.

JULY 1: The Sixers have officially signed Council and Smith.

JUNE 23: The new CBA will allow for three two-way contracts and the Sixers wasted no time filling those spots.

Philadelphia are offering contracts to three undrafted players. Arkansas guard Ricky Council IV will take one of those spots, Shams Charania of The Athletic and The Stadium tweets. Arizona big man Azuolas Tubelis and North Carolina State Terquavion Smith are also being signed on two-way deals, Kyle Neubeck of PhillyVoice.com tweets.

Council, a 6’6” guard, averaged 16.3 points for the Razorbacks last season after transferring from Wichita State. His spotty perimeter game (3o.3% on 3-point tries in his college career) hurt his draft stock.

Tubelis, a three-year starter for the Wildcats, averaged 19.8 points and 9.1 rebounds last season. Smith averaged 17.9 points and 4.1 assists for the Wolfpack in his sophomore season.

Additionally, the Sixers are signing Arizona State forward Marcus Bagley on an Exhibit 10 contract. Bagley played only five games the past two seasons due to injuries and a suspension.

Mavericks’ Olivier-Maxence Prosper Becomes Final First-Round Pick To Sign Contract

July 17th, 2023 at 7:56am CST by Arthur Hill

The Mavericks have signed Olivier-Maxence Prosper to his rookie-scale deal, the team announced in a press release early Monday morning. His signing means all the first-round picks in last month’s draft are now under contract.

As the 24th selection, Prosper is eligible to receive $2,733,720 in his first season and can earn $13,870,583 over the four-year contract, as our breakdown of rookie scale salaries shows.

The 21-year-old forward was one of the top beneficiaries of this year’s pre-draft process. A strong showing at the NBA Combine in Chicago, followed by impressive individual workouts, moved him into the first round.

Prosper was officially selected by the Kings, but Dallas acquired his rights in a draft-night trade that didn’t become official until the moratorium was lifted on July 6.

“O-Max was considered one of the best wing defenders in college basketball last year and plays with tremendous energy,” said Mavericks general manager Nico Harrison. “We are excited to put pen to paper and officially sign him.”

Prosper played his first collegiate season at Clemson before transferring to Marquette in 2021. He averaged 12.5 points and 4.7 rebounds per game last season.

Dalano Banton Joins Celtics On Two-Year Deal

July 16th, 2023 at 5:17pm CST by Arthur Hill

JULY 16: The Celtics have officially signed Banton, the team announced today in a press release.

JULY 3: The Celtics will sign free agent point guard Dalano Banton to a two-year contract, tweets Shams Charania of The Athletic. It’s likely a minimum deal, and Adam Himmelsbach of The Boston Globe reports that the second season will be a team option (Twitter link).

Banton became an unrestricted free agent last week when the Raptors decided not to tender a qualifying offer.

Toronto selected Banton with the 46th pick in the 2021 draft and signed him for two years. He appeared in 64 games as a rookie, but saw his role decrease in his second NBA season. Banton averaged 4.6 points, 1.5 rebounds and 1.2 assists in 31 games last season and spent part of the year in the G League.

Banton met with Celtics officials shortly after free agency began on Friday. The 23-year-old will provide some backcourt depth for the team, with Marcus Smart heading to Memphis.

Darius Bazley Signs One-Year Deal With Nets

July 16th, 2023 at 4:53pm CST by Rory Maher

JULY 16: Bazley has officially signed with the Nets, the team’s PR department tweets.

JULY 14: The Nets are signing free agent big man Darius Bazley to a one-year contract, reports ESPN’s Adrian Wojnarowski.

Bazley was the No. 23 overall pick of the 2019 draft. He spent his first three-plus seasons with the Thunder prior to being traded to Phoenix at the February deadline.

Like all former first-round picks who have all four years of their rookie scale contract exercised, Bazley was eligible for restricted free agency had the Suns given him a $6.2MM qualifying offer.

They chose not to, making him unrestricted and free to sign with any team. It wasn’t surprising given that Bazley had limited role with Phoenix, only appearing in seven games and a total of 61 minutes down the stretch.

Overall, the 6’8″ forward/center has averaged 9.1 PPG and 5.3 RPG on .411/.310/.673 shooting in 218 career games (118 starts, 3.6 MPG) with the Thunder and Suns. Bazley is still just 23 years old, a high leaper, and has shown flashes defensively. He also handled his inconsistent playing time last season with Oklahoma City very professionally.

Brooklyn technically hasn’t used any of its mid-level exception or bi-annual exception, but I’m guessing Bazley will be on a minimum-salary deal, given the timing of it (two weeks into free agency) and the Nets’ proximity to the luxury tax.

The Nets have focused on youth and athleticism this offseason, also signing Lonnie Walker and Dennis Smith Jr., two more former first-round picks.

As Brian Lewis of The New York Post writes, Bazley will fill Brooklyn’s 15th and final standard roster spot for now. However, the Nets could have another spot open soon. Guard Edmond Sumner, whose non-guaranteed contract becomes fully guaranteed tomorrow after he agreed to push back the guarantee date, sent out a tweet talking about overcoming adversity.

Bulls Sign Torrey Craig

July 16th, 2023 at 10:11am CST by Rory Maher

JULY 16: The Bulls have officially signed Craig, the team announced today (via Twitter).

JULY 3: The Bulls are signing free agent forward Torrey Craig to a two-year contract that includes a player option, according to Adrian Wojnarowski of ESPN (Twitter link).

A six-year NBA veteran, Craig is a hard-nosed defensive player often tasked with defending opposing teams’ best players. He’s coming off a solid season with the Suns, averaging 7.4 PPG, 5.4 RPG, 1.5 APG and 0.8 BPG in 79 games, including 60 starts (24.7 MPG). All of those figures represented career highs.

Craig, who also shot a career-best 39.5% from deep in 2022/23, just completed a two-year, $10MM contract. It will be interesting to see what he signed for, as Wojnarowski did not initially report a salary figure.

Craig went undrafted in 2014 after four college seasons at the University of South Carolina Upstate. He spent his first three pro seasons playing in Australia before returning stateside in ’17/18, making his NBA debut as rookie for the Nuggets.

The 32-year-old has also had stints with Milwaukee and Indiana, in addition to Phoenix and Denver. Craig was No. 41 on our list of 2023’s top 50 free agents.

Jay Scrubb Signs Two-Way Contract With Celtics

July 15th, 2023 at 8:43pm CST by Arthur Hill

8:43pm: The signing is official, the Celtics confirmed in an email.

5:17pm: The Celtics have reached an agreement on a two-way contract with Jay Scrubb, tweets Chris Haynes of TNT and Bleacher Report.

The 22-year-old guard impressed team officials with his performance during Summer League, averaging 16.5 points, 3.8 rebounds and 1.8 assists in four games.

Scrubb finished last season with the Magic after signing a two-way contract in late March, but he was waived in June. Scrubb appeared in two games for Orlando late in the season, but spent most of his time in the G League. He has also played for the Clippers, appearing in a combined 22 games over two seasons.

The Celtics also have JD Davison signed to a two-way contract, so the team will have one two-way slot open once Scrubb’s deal become official.

Nets Waive Edmond Sumner

July 15th, 2023 at 11:15am CST by Rory Maher

JULY 15: The Nets have confirmed that they’ve waived Sumner (Twitter link).

“When they counted me out, Brooklyn gave me a shot to prove myself again,” Sumner said in a tweet of his own. “For that it’s always love. Had a ball hooping again! Story continues.”

JULY 14: The Nets are expected to waive guard Edmond Sumner before his non-guaranteed deal becomes fully guaranteed tomorrow, sources tell Michael Scotto of HoopsHype (Twitter link).

As our tracker shows, Sumner would have locked in his $2,239,943 salary for 2023/24 had he remained with the Nets beyond July 15.

Sumner recently sent out a tweet talking about overcoming adversity, which was a hint this news was coming. However, he played pretty well last season for Brooklyn after missing all of 2021/22 following a torn Achilles tendon. The 27-year-old averaged 7.1 PPG, 1.5 RPG and 1.3 APG on .461/.356/.917 shooting in 53 games (13.9 MPG) with the Nets.

An athletic combo guard, Sumner showed he still had his quickness in ’22/23 following the major injury, and he’s expected to draw interest on the open market, according to Scotto.

Assuming he clears waivers without being claimed, Sumner will become an unrestricted free agent. Any team interested in placing a claim could do so using the minimum salary exception, but would have to be willing to fully guarantee his 2023/24 salary.

Sumner is a former second-round pick, selected 52nd overall in 2017. He spent his first four seasons with the Pacers, first on a two-way deal before he was promoted to a standard contract. He played his college ball at Xavier.

Mavericks Sign Mike Miles To Two-Way Deal

July 14th, 2023 at 9:57pm CST by Alex Kirschenbaum

JULY 14: Miles’ two-way deal with the Mavs is official, the team announced (via Twitter).

JUNE 23: The Mavericks have agreed to ink undrafted TCU point guard Mike Miles Jr. to a two-way deal, sources inform Shams Charania of The Athletic (Twitter link).

The 6’1″ Miles averaged 17.9 PPG, 2.7 APG, 2.7 RPG and 1.2 SPG during his third and final year with the Horned Frogs in 2022/23. He also posted an encouraging slash line of .497/.362/.749.

A two-time All-Big 12 Second Team selection, as well as a two-time All-Big 12 Tourney pick, Miles will be an interesting project on a guard-heavy Dallas club.

While still at TCU, Miles also played for gold-medal Team USA in the 2021 FIBA Under-19 World Cup in Latvia.

The Mavericks submitted an active draft night, trading the No. 10 pick and the contract of power forward Davis Bertans to the No. 12 pick to select Duke center Dereck Lively II, as well as acquiring big man Richaun Holmes and the rights to No. 24 pick Olivier-Maxence Prosper, out of Marquette, from the Kings.