Transactions Rumors | Hoops Rumors

Seth Curry Signs Two-Year Deal With Mavericks

July 14th, 2023 at 9:21pm CST by Alex Kirschenbaum

JULY 14: Curry’s contract with the Mavericks is now official, per the team (Twitter link).

JUNE 30: Former Nets combo guard Seth Curry is inking a new two-year contract to return to the Mavericks, CAA agent Austin Brown informs Adrian Wojnarowski of ESPN (Twitter link).

Per Tim MacMahon of ESPN, Curry will join Dallas’ roster via the team’s $4.5MM biannual exception.

It represents a reunion with the Duke alum’s former 2022/23 Brooklyn teammate All-Star point guard Kyrie Irving.

Across his 61 contests for Brooklyn last season, Curry – a 6’2″ combo guard – averaged 9.2 PPG on excellent .463/.405/.927 shooting splits, along with 1.6 RPG and 1.6 APG.

The 32-year-old, a career 43.5% three-point shooter, will help stretch the floor around Dallas’ All-Star backcourt of Irving and Luka Doncic.

This agreement with Curry will now hard-cap the Mavericks at the $172.3MM first tax apron, per Yossi Gozlan of HoopsHype (via Twitter). The club is currently about $9MM below the luxury tax line and $16MM below that hard cap.

If Dallas, which finished as the No. 11 seed in the West last season, wants to use the full $12.4MM mid-level exception to sign another rotation player this summer, the team will need to shed a little salary, Gozlan adds.

This actually marks Curry’s third separate run with the Mavs. He previously played for the club in 2016/17, prior to Doncic’s arrival, and in 2019/20, alongside Doncic. In a journeyman decade-long NBA career thus far, Curry has also played for the Grizzlies, Cavaliers, Suns, Kings, Trail Blazers, and Sixers.

Dante Exum Signs With Mavericks

July 14th, 2023 at 2:14pm CST by Rory Maher

JULY 14: Exum has officially signed with the Mavericks, the team announced today (via Twitter).

JULY 1: Free agent guard Dante Exum is signing a guaranteed contract with the Mavericks, reports ESPN’s Adrian Wojnarowski (Twitter link). According to veteran NBA reporter Marc Stein (via Twitter), Exum will be receiving a one-year deal for the veteran’s minimum.

As Tim MacMahon of ESPN tweets, former Jazz GM and current Mavs front office adviser Dennis Lindsey drafted Exum No. 5 overall back in 2014.

Exum, who turns 28 in a couple weeks, battled major injuries during his NBA career and was limited to just 245 regular season appearances across seven years (2014-21) in Utah and Cleveland. He spent the past two seasons playing internationally after being cut by the Rockets in October 2021.

Known as a strong defensive player, Exum helped Australia win a bronze medal in the 2020 Tokyo Olympics, which actually took place in 2021 due to the pandemic. He struggled with his shot throughout his NBA career, posting a .407/.305/.764 slash line, but that has changed in Europe.

In 18 EuroLeague games with Spanish club Barcelona in 2021/22, Exum averaged 6.8 PPG and 2.6 RPG on .500/.526/.837 shooting in 17.8 MPG. He had a larger role this past season with Serbian squad Partizan, averaging 13.3 PPG, 2.8 APG and 2.4 RPG on .544/.424/.859 shooting in 33 EuroLeague contests (22.9 MPG).

Exum reportedly sustained a ruptured tendon in his toe in late April during the EuroLeague playoffs after being slammed to the court by ex-NBA player Guerschon Yabusele, who plays for Real Madrid. Yabusele received a five-game suspension. Partizan was up 2-0 in the best-of-five series, but wound up losing the next three games without Exum. Madrid went on to narrowly win the championship.

Presumably Exum has recovered by now. If he maintains his shooting turnaround, his defensive versatility could be a nice fit for Dallas if he can stay healthy.

Hornets Sign Amari Bailey To Two-Way Contract

July 14th, 2023 at 1:34pm CST by Luke Adams

The Hornets have officially signed second-round pick Amari Bailey to a two-way contract, the team announced today in a press release.

A one-and-done college player, Bailey spent his lone NCAA season at UCLA, averaging 11.2 points, 3.8 rebounds, and 2.2 assists in 26.9 minutes per game (30 contests) before declaring for the NBA draft as an early entrant.

The 6’5″ shooting guard was the 41st overall pick last month, drafted by the Hornets with a pick they acquired from Oklahoma City. Of the eight players selected in the 2023 draft who have officially signed two-way deals in the last two weeks, none were picked higher than Bailey.

[RELATED: 2023 NBA Draft Pick Signings]

Bailey’s two-way contract will pay him just shy of $560K (half of the rookie minimum) and will allow him to be active for up to 50 regular season games as a rookie. The 19-year-old will likely see plenty of action with the Greensboro Swarm, Charlotte’s G League affiliate.

The Hornets now have 14 players on standard contracts and a pair on two-way deals, with Leaky Black also expected to join the team on a two-way pact.

However, there will likely be more roster shuffling to come, given that P.J. Washington and Theo Maledon are still restricted free agents, No. 31 pick James Nnaji remains unsigned, and JT Thor and Kobi Simmons are on non-guaranteed contracts.

Sasha Vezenkov Signs Three-Year Deal With Kings

July 13th, 2023 at 11:00pm CST by Rory Maher

JULY 13: The signing of Vezenkov is now official, per the NBA’s transactions log.

JULY 1: EuroLeague MVP Sasha Vezenkov is signing a three-year, $20MM contract with the Kings, who held his draft rights, his agents tell Adrian Wojnarowski of ESPN (Twitter link).

Reports over the past couple months have indicated that Sacramento was determined to bring Vezenkov stateside and would renew contract talks with the European star once they were permitted to following the draft. Harry Stavrou of Greek outlet Sport24.gr reported last week that the Kings offered the European star a contract for “slightly lower” than the $8.4MM Keegan Murray will make in 2023/24, and that figure turned out to be accurate.

Given his reported salary, Vezenkov will either be receiving part of the Kings’ full mid-level exception if they operate as an over-the-cap team, or he could receive most of their room exception if they choose to use cap room. Both options are on the table based on their previous moves this offseason.

Vezenkov, 27, is under contract with Olympiacos through ’24/25, but has a buyout clause believed to be worth approximately 1.5 million Euros. He talked about being “ready for new challenges” after his Greek club lost in the EuroLeague final.

The 6’9″ Bulgarian forward averaged 17.6 points, 7.0 rebounds and 1.9 assists on a sparkling .546/.398/.857 shooting slash line in 33 EuroLeague games this past season (28.7 MPG). Wojnarowski says (via Twitter) the former second-round pick is expected to have a “formidable role” for Sacramento.

Suns Re-Sign Saben Lee To Two-Way Deal

July 13th, 2023 at 7:41pm CST by Alex Kirschenbaum

The Suns are bringing back point guard Saben Lee on another two-way deal, having officially signed him to a new contract, the team announced in a press release (Twitter link via Gerald Bourguet of PHNX Sports).

Lee inked his first two-way contract with Phoenix in January of this past season.

“Saben plays with toughness and aggression on both ends of the court,” team president James Jones is quoted as saying in the press statement. “His point guard instincts and ability to attack the rim are critical traits for us as we seek to build a better team.”

This move was not entirely unexpected, as the 6’2″ vet received a two-way qualifying offer from the Suns earlier this summer, effectively giving the club extra optionality to retain him as a restricted free agent.

Across 23 regular season contests with the Suns last year, the 24-year-old out of Vanderbilt averaged 6.3 PPG on .393/.379/.737 shooting splits, along with 2.8 APG, 2.0 RPG and 0.8 SPG. This will be the last season that he’s eligible to play on a two-way contract.

The Suns still have a pair of two-way slots available after re-signing Lee.

Warriors Sign Dario Saric To One-Year Deal

July 12th, 2023 at 4:47pm CST by Luke Adams

JULY 12: Saric is officially a Warrior, the team announced (via Twitter).

JULY 8: The Warriors and free agent forward Dario Saric have reached an agreement on a one-year contract, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

While Wojnarowski doesn’t specify the financial terms, the Warriors’ cap situation means they’re limited to minimum-salary offers for free agents who weren’t with the team last season. As a seven-year veteran, Saric will earn $2,709,849 on a minimum deal, while Golden State will take on a cap hit of $2,019,706.

Saric missed the entire 2021/22 season due to an ACL tear, but returned to action this past season. He appeared in 37 contests for Phoenix and – following a trade-deadline deal – 20 for Oklahoma City, averaging 6.4 points and 3.6 rebounds in 14.1 minutes per game with a shooting line of .458/.391/.829.

A 6’10” forward who has made 36.0% of his career three-pointers, Saric is known for his ability to stretch the floor from the frontcourt. In Golden State, he may take on a role similar to the one JaMychal Green played this past year.

The Warriors were named by multiple reporters as Saric’s most likely landing spot in the hours leading up to free agency last week. Marc Stein indicated on Friday that the 29-year-old may have been waiting to see if offers worth more than the veteran’s minimum materialized before agreeing to join Golden State.

With Saric and Draymond Green set to officially sign contracts, the Warriors’ roster count is up to 13 players on standard contracts. That leaves two openings on the 15-man roster and three available two-way slots.

The club may just roll with 14 players on standard deals to open the 2023/24 season for financial and flexibility reasons. Lester Quinones is a good candidate to return in some form — he’s a restricted free agent after being issued a two-way qualifying offer.

Celtics, Kristaps Porzingis Finalize Two-Year Extension

July 12th, 2023 at 3:44pm CST by Luke Adams

JULY 12: Porzingis’ two-year extension with the Celtics is official, per NBA.com’s transaction log.

The deal, which is worth exactly $60MM, will pay the big man approximately $29.3MM in 2024/25 and $30.7MM in ’25/26, Hoops Rumors has learned.

JUNE 30: The Celtics and newly acquired big man Kristaps Porzingis are expected to finalize a two-year contract extension worth $60MM, reports Chris Haynes of Bleacher Report and TNT (Twitter link).

Porzingis, who was acquired by Boston in a trade last week, is extension-eligible but can only tack on a maximum of two new years to his current deal due to the NBA’s extend-and-trade restrictions. Marc Stein reported multiple times that Porzingis was likely to receive an extension from Boston.

A former All-Star with the Knicks, Porzingis has dealt with a series of injuries throughout his career, including a torn ACL that sidelined him for the entire 2018/19 season. However, he enjoyed his finest NBA season in ’22/23 with the Wizards, averaging 23.2 PPG, 8.4 RPG, 2.7 APG, 0.9 SPG and 1.5 BPG in 65 games (32.6 MPG).

In addition to his strong rim protection at 7’3″, Porzingis was also a very efficient scorer last season, posting a .498/.385/.851 shooting line, good for a 62.7% true shooting percentage, which accounts for twos, threes and free throws. He isn’t a traditional back-to-the-basket big man, but he excelled in the post in ’22/23 by using his size to shoot over opponents.

While the 27-year-old had a great season, it’s a major risk to add another $60MM to Porzingis’ contract. With Jaylen Brown highly likely to receive a super-max extension this summer (it will kick in next year) and Jayson Tatum certain to receive the same in 2024 (it would start in 2025), the Celtics are looking like a repeat taxpayer for the foreseeable future.

Still, if they can break through and win a title (or titles) in the coming years, I’m sure ownership will be happy to foot the bill.

Rory Maher contributed to this story.

Bulls Sign Second-Round Pick Julian Phillips

July 12th, 2023 at 2:47pm CST by Luke Adams

The Bulls have officially signed second-round pick Julian Phillips to his first NBA contract, the team announced today (via Twitter).

There’s no word yet on the terms of Phillips’ deal, but players drafted as high as he was (No. 35) typically sign standard contracts, and the Bulls’ announcement doesn’t say anything about it being a two-way pact. I imagine the club used the new second-round pick exception to sign him to a three- or four-year contract that includes at least one or two guaranteed seasons.

[RELATED: 2023 NBA Draft Pick Signings]

A 6’8″ forward, Phillips spent just one year in college before declaring for the draft as an early entrant. As a freshman at Tennessee in 2022/23, he averaged 8.3 points, 4.7 points, and 1.4 assists in 24.1 minutes per contest (32 games), earning SEC All-Freshman honors.

Phillips ‘ shot needs work (he made just 11-of-46 three-pointers at Tennessee), but he possesses intriguing length and athleticism.

Assuming Phillips signed a standard contract, the Bulls will have 13 players on their 15-man roster once Torrey Craig officially completes his reported deal with the team. That roster count includes Carlik Jones‘ non-guaranteed contract, but doesn’t include Ayo Dosunmu, who is still a restricted free agent.

Mavs Acquire Grant Williams In Three-Team Sign-And-Trade

July 12th, 2023 at 2:40pm CST by Rory Maher

JULY 12: The Mavericks, Celtics, and Spurs have put out press releases officially confirming that their three-team deal is official. The terms of the deal are as follows:

Mavericks acquire Williams (via sign-and-trade), the Spurs’ 2025 second-round pick, and the Spurs’ 2028 second-round pick.
Spurs acquire Bullock and the right to swap 2030 first-round picks with the Mavericks.
Celtics acquire either the Pelicans’ or Bulls’ 2024 second-round pick (whichever is more favorable; from Spurs), the Mavericks’ 2030 second-round pick, and the right to swap the most favorable of the Wizards’, Warriors’, and Pistons’ 2025 second-round picks with the Mavericks’ 2025 second-round pick.

JULY 5: The Mavericks, Celtics and Spurs are finalizing a three-team trade that will send restricted free agent forward Grant Williams to Dallas, sources tell Shams Charania of The Athletic (Twitter links).

According to Charania, the Spurs will receive Reggie Bullock and an unprotected 2030 pick swap from the Mavs, while the Celtics will receive multiple second-round picks.

Charania hears Williams will receive a four-year, $54MM contract as part of the transaction, while ESPN’s Adrian Wojnarowski has heard (via Twitter) it’s $53MM. The deal is fully guaranteed and does not feature any options, sources tell Michael Scotto of HoopsHype (Twitter link).

The Celtics and Mavericks will each receive two second-rounders as part of the trade, Wojnarowski reports (Twitter link). According to Adam Himmselsbach of The Boston Globe, the Celtics will also receive a 2025 second-round pick swap (Twitter link).

Interestingly, the reported figure Williams will receive is the value of the non-taxpayer mid-level exception, which will be worth $53.34MM over four years. However, since the Mavs are acquiring him via sign-and-trade, they will preserve their MLE and still have “strong interest” in using it to sign restricted free agent Matisse Thybulle to an offer sheet, per Marc Stein (Twitter links). Dallas will be hard-capped at the first luxury tax apron due to the sign-and-trade, Stein notes.

ESPN’s Bobby Marks has a detailed list of the cap complications from the deal (via Twitter). The Mavs are approximately $9MM below the first apron, so they’ll have to clear some additional cap space to have access to the full MLE, which starts at $12.4MM in 2023/24.

They could open up an additional $3.4MM — the exact difference between those two figures — by releasing JaVale McGee and using the stretch provision on his contract, Marks adds. Dallas will also generate a $10.5MM trade exception, equivalent to Bullock’s outgoing salary.

The Celtics, meanwhile, will create a $6.2MM trade exception of their own, which is half of Williams’ projected salary. It would have cost Boston $40MM against the luxury tax to pay Williams’ salary, per Marks.

As for the Spurs, they’ll use some of their cap room to accommodate Bullocks’ $10.5MM salary, according to Marks, who notes they’ll have about $12.5MM in space remaining after the deal.

Himmelsbach was the first to point out (via Twitter) that Williams’ contract is right in the ballpark of what he was rumored to be seeking in an extension before the ’22/23 season started. Jared Weiss of The Athletic hears (Twitter link) the Celtics were willing to meet Williams’ asking price in the fall, but only if the deal included incentives.

Williams, 24, just completed his rookie scale contract and hit restricted free agency after four seasons with Boston. He turned himself into a valuable 3-and-D player in recent years, playing an important role in helping the Celtics make the Finals and Eastern Conference finals the past two seasons.

Since the start of ’21/22, Williams averaged 8.0 PPG and 4.1 RPG on .464/.403/.829 shooting in 156 games (44 starts, 25.1 MPG). His versatile defense was particularly essential in the postseason, and he could be a nice complementary fit next to Luka Doncic and Kyrie Irving, who aren’t known for their play on that end. It’s also worth noting that Williams is from Houston, about 240 miles from Dallas.

Veteran wing Bullock, 32, is another 3-and-D player who often guards top perimeter players, though his defense slipped a bit last season to my eyes (Bullock’s 116.5 defensive rating was 0.4 worse than the team’s 25th-ranked D at 116.1). He has been a rotation regular over the past two seasons for Dallas and is a career 38.4% shooter from behind the arc.

As Marks noted, paying Williams would have been exorbitantly expensive, but he will be missed. His departure seemed likely after the Celtics acquired Kristaps Porzingis and his $36MM deal in a trade. They’ll reportedly receive some draft compensation to try and recoup some value in the sign-and-trade (they were rumored to be looking for a first-round pick).

Raptors Sign Dennis Schröder To Two-Year Contract

July 12th, 2023 at 2:23pm CST by Rory Maher

JULY 12: The Raptors have officially signed Schröder, the team confirmed today in a press release.

“Dennis is fierce, he’s creative, and above all, he’s competitive,” Raptors president Masai Ujiri said in a statement. “We’re excited to welcome Dennis to Toronto, and are looking forward to seeing him on the Scotiabank Arena court.”

JUNE 30: After losing Fred VanVleet to Houston, the Raptors have moved quickly to add a point guard in free agency. Toronto has agreed to sign Dennis Schröder to a two-year, $26MM contract, agent Mark Bartelstein tells ESPN’s Adrian Wojnarowski (Twitter link).

The terms suggest that the Raptors will be signing Schröder using their full non-taxpayer mid-level exception, which would be worth about $25.4MM over two years. The deal is fully guaranteed, per Michael Grange of Sportsnet.ca (Twitter link).

As Yossi Gozlan of HoopsHype tweets, the Raptors are about $10MM below the luxury tax line after the signing, with 14 players on standard deals. Toronto could choose to waive Thaddeus Young‘s partially guaranteed contract (it’s only guaranteed for $1MM but has a total value of $8MM — the guarantee deadline is today) to create more flexibility, but they’ll still have the bi-annual exception to work with, Gozlan notes.

Schröder brings plenty of experience to table, having just completed his 10th NBA season. The veteran guard is still only 29 years old, however, and won’t turn 30 until September.

The 17th pick of the 2013 draft out of Germany, Schröder spent his first five seasons with the Hawks. He’s bounced around quite a bit since then, playing for the Thunder, Lakers (twice), Celtics and Rockets over the past five seasons.

While Schröder isn’t a great outside shooter (33.7% from three career), he’s solid from mid-range, has a nice teardrop floater, can draw fouls, and is a good pick-and-roll ball-handler. He also played excellent on-ball defense with the Lakers in 2022/23, playing an important role during the club’s run to the Western Conference Finals.

Still one of the quickest players in the league, Schröder averaged 12.6 PPG, 4.5 APG and 2.5 RPG on .415/.329/.857 shooting in 66 games (30.1 MPG). Those numbers don’t tell the whole story, as the Lakers were much better when he was on the court in both the regular season and the postseason.

Schröder was playing on a minimum-salary deal last season, so he got a nice raise for his solid second stint with Los Angeles.