Transactions Rumors | Hoops Rumors

Hornets Waive Duane Washington

October 9th, 2024 at 8:59am CST by Luke Adams

One week after acquiring him via sign-and-trade in the three-team Karl-Anthony Towns blockbuster, the Hornets have waived guard Duane Washington, the club announced today in a press release.

The move had been expected, since Washington was only included in the Towns trade for salary-matching purposes — if he hadn’t been part of the deal, New York would have had to add another player from its active roster to the deal to make it a legal trade. Even though he never actually appeared in a game for them, the Knicks were able to sign-and-trade Washington because he finished last season on a two-way contract with the club.

Prior to being signed-and-traded from New York to Charlotte, Washington had been playing for KK Partizan in Belgrade, Serbia. The Knicks had to pay Partizan a buyout (believed to be worth $850K) to free him up for the Towns deal. The expectation is that the 24-year-old will now rejoin the Serbian club on a new contract.

Washington’s $2,162,607 salary for 2024/25 was fully guaranteed and will remain on the Hornets’ books for the rest of the season. However, Charlotte acquired more than enough cash from New York in the Towns trade ($7.2MM) to cover the salaries for Washington and the two others players sent to the Hornets (DaQuan Jeffries and Charlie Brown).

The second and third years of Washington’s contract were non-guaranteed, so they’ll come off Charlotte’s cap now that he has been placed on waivers.

As a result of the transaction, the Hornets are now carrying 15 players on fully guaranteed contracts, with Taj Gibson on a minimum-salary contract that’s partially guaranteed for about $1.08MM. In all likelihood, Charlotte will end up waiving at least one of Jeffries or Brown prior to opening night in order to make room for Gibson on the team’s 15-man regular season roster.

Celtics Sign Jay Scrubb, Waive Tristan Enaruna

October 9th, 2024 at 7:51am CST by Luke Adams

The Celtics have made a change at the back end of their 21-man preseason roster, signing free agent guard Jay Scrubb and waiving forward Tristan Enaruna, according to the official transaction logs at RealGM and NBA.com.

Bobby Manning of CLNS, who first reported during the offseason that Boston was expected to sign Scrubb to an Exhibit 10 contract once he had fully recovered from his ACL injury, confirms (via Twitter) that the 24-year-old did in fact receive an Exhibit 10 deal.

A second-round pick in 2020, Scrubb appeared in 24 games for the Clippers and Magic across his first three NBA seasons. He signed a two-way contract with the Celtics last July, but tore his right ACL during a practice during the preseason and was waived before the regular season began. The 6’5″ shooting guard announced on Instagram on Tuesday that he has been “fully cleared,” approximately a year after sustaining that knee injury.

Scrubb remains eligible for a two-way contract, so his Exhibit 10 deal could be converted before opening night. However, it’s more likely that he’ll be waived and will report to the Maine Celtics, Boston’s G League affiliate. Maine acquired Scrubb’s returning rights from the South Bay Lakers last month.

If Scrubb is waived and then spends at least 60 days with the Celtics’ NBAGL team, he’ll earn an Exhibit 10 bonus worth up to $77.5K.

Nuggets Sign Richardson, Funk, Bediako To Exhibit 10 Deals

October 8th, 2024 at 5:42pm CST by Dana Gauruder

The Nuggets have signed Will Richardson, Andrew Funk and Charles Bediako, according to a team press release. All three players signed Exhibit 10 deals, according to the Denver Gazette’s Vinny Benedetto (Twitter link).

The Nuggets made room for the trio by waiving Gabe McGlothan, Jaylin Williams, and Jahmir Young.

Richardson went undrafted in 2023 before signing with the Grand Rapids Gold last season. The former Oregon guard averaged 7.0 points, 2.1 rebounds and 2.9 assists in 17.8 minutes per contest for Denver’s G League affiliate.

Funk also went undrafted last year before joining the Nuggets during training camp. Funk, who played college ball at Bucknell and Penn State, also appeared in four of the Nuggets’ Summer League games in 2023. He eventually signed a two-way contract with the Bulls in February, but was waived in July.

The seven-foot Bediako played two college season at Alabama. Bediako, who was also undrafted in 2023, has appeared in Summer League games for both the Spurs and the Magic. Denver’s intent to sign Bediako was previously reported.

It’s likely all three will be waived. They’ll each be eligible for a bonus worth up to $77.5K if they join the Gold and remain with the G League club for at least 60 days.

Jazz Cut Max Abmas, Taevion Kinsey, Isaiah Wong

October 8th, 2024 at 2:21pm CST by Luke Adams

The Jazz have trimmed their preseason roster from 21 players to 18, announcing today in a press release that they’ve waived camp invitees Max Abmas, Taevion Kinsey, and Isaiah Wong.

Abmas, Kinsey, and Wong joined Utah in September on non-guaranteed Exhibit 10 contracts. They remained on the roster through training camp and a pair of preseason games, but none of them saw any action in either of those contests.

In all likelihood, the trio is now headed for the Salt Lake City Stars, the Jazz’s G League affiliate. Hoops Rumors can confirm all three players received maximum Exhibit 10 bonuses, so as long as they spend at least 60 days with the Stars, they’ll earn $77.5K apiece on top of their standard G League salaries.

Utah is now carrying 15 players on guaranteed standard contracts and three on two-way deals. The team will likely enter the regular season with those 18 players, but could continue to shuffle others in and out of the final three spots on its 21-man preseason roster for G League rights/bonus purposes during the next couple weeks.

Mavericks Waive A.J. Lawson

October 8th, 2024 at 12:31pm CST by Luke Adams

The Mavericks have waived shooting guard A.J. Lawson, the team announced today (via Twitter).

Although Lawson was on a non-guaranteed contract, his release is a little more notable than many roster cuts this month, since he was on a standard multiyear deal that had carried over to this season, rather than an Exhibit 10/training camp contract.

Lawson, 24, signed a two-year, two-way contract with Dallas back in December 2022, shortly after being waived by Minnesota. He remained on that deal until March 2024, when he was promoted to the standard roster on a new four-year contract that was only guaranteed for the remainder of the 2023/24 season.

Lawson appeared in a total of 56 NBA games for the Mavericks during his two seasons with the team, including 42 in 2023/24. He averaged 3.4 points and 1.3 rebounds in 7.4 minutes per contest and posted a shooting line of .457/.307/.548 at the NBA level. The former South Carolina standout also played seven times for the Texas Legends in the G League last season, averaging 20.7 PPG and 7.0 RPG with a .530 FG%.

Dallas is carrying 14 players on guaranteed contracts. Veteran forward Markieff Morris, who has a non-guaranteed salary, is considered the heavy favorite to claim the 15th standard roster spot, assuming the team carries a full roster to open the season.

It’s worth noting that the Mavs do have a two-way slot available, so if they still like Lawson and want to bring him back, they could re-sign him to a two-way contract as long as he clears waivers — his multiyear deal wasn’t eligible to be directly converted into a two-way.

Hawks Sign, Waive Tony Bradley

October 8th, 2024 at 9:11am CST by Dana Gauruder

OCTOBER 8: The Hawks have put out a second press release indicating that Bradley has been waived.

The quick turnaround signals that he was signed for G League purposes and will receive an Exhibit 10 bonus if he spends at least 60 days with the Skyhawks, as noted below.

OCTOBER 7: The Hawks have signed center Tony Bradley, according to a team press release.

Bradley, a six-year NBA veteran, has appeared in 179 NBA contests (18 starts) over the course of his career with Utah (2017-20), Philadelphia (2020-21), Oklahoma City (2020-21) and Chicago (2021-23), averaging 4.4 points and 4.1 rebounds in 11.1 minutes.

He was signed and waived by the Mavericks during training camp last season. He then spent the 2023/24 campaign with the Texas Legends, the Mavericks’ affiliate in the NBA G League. He appeared in 17 games (10 starts), averaging 14.0 points, 9.4 rebounds, 1.9 assists and 1.7 blocks in 21.3 minutes.

The signing of Bradley brings Atlanta to full training camp roster of 21 players. It’s likely to be an Exhibit 10 deal, which would make him eligible for a bonus up to $77.5K if he’s waived and then spends at least 60 days with the College Park Skyhawks, who acquired his returning rights from the Legends last month.

Nuggets Waive Three Camp Invitees

October 8th, 2024 at 7:11am CST by Luke Adams

The Nuggets have waived forwards Gabe McGlothan and Jaylin Williams, along with guard Jahmir Young, according to NBA.com’s official transaction log. McGlothan, Williams, and Young were in camp with Denver on Exhibit 10 deals.

With the Nuggets carrying 15 players on guaranteed contracts and three on two-way contracts, it always appeared the plan was to have the trio eventually report to the Grand Rapids Gold, Denver’s G League affiliate. That’s likely to be the next stop for all three players, who will receive Exhibit 10 bonuses worth $77.5K apiece if they spend at least 60 days with the Gold.

Young got a chance to play 14 minutes in the team’s second exhibition game in Abu Dhabi against Boston on Sunday and delivered eight points, two rebounds, and two assists. However, Williams (not to be confused with the Jaylin Williams in Oklahoma City) didn’t see action in either of those preseason contests and McGlothan appeared only very briefly in Friday’s game, checking in with three seconds left in the fourth quarter.

The cuts leave Denver with 18 players on its roster, three shy of the preseason limit. The Nuggets have reportedly reached an agreement to sign big man Charles Bediako and it wouldn’t be a surprise if they rotate other players in and out of those back-end roster spots before the season begins, primarily for G League purposes.

Signing and waiving players on Exhibit 10 contracts before the season allows teams to secure players’ NBAGL rights and/or ensure those players will receive bonus money for spending 60+ days with the team’s G League affiliate.

Bulls Sign, Waive Ben Coupet Jr.

October 8th, 2024 at 7:09am CST by Alex Kirschenbaum

OCTOBER 8: As expected, Coupet has officially been waived, according to the transaction log at NBA.com.

OCTOBER 6: Free agent shooting guard Ben Coupet Jr. has signed an Exhibit 10 contract with the Bulls, according to Michael Scotto of HoopsHype (Twitter link).

The 6’7″ swingman, a Chicago native, went undrafted out of Southern Illinois in 2022. He averaged 11.0 points on .449/.411/.761 shooting, along with 4.6 rebounds, 0.9 assists and 0.5 steals per game during his 2021/22 senior season with the Salukis.

Coupet has since been plying his trade for Chicago’s G League affiliate squad, the Windy City Bulls, for the past two years. Across a total of 52 regular season bouts (16 starts), Coup has averaged 6.9 PPG, 2.5 RPG, and 0.7 APG with a shooting line of .446/.377/.793.

Scotto notes that Coupet is expected to be waived ahead of Chicago’s 2024/25 regular season, and rejoin Windy City as an affiliate player.

Should he remain with Windy City for at least 60 days, Coupet will be eligible for a bonus worth as much as $77.5K as a result of his Exhibit 10 deal.

Wendell Carter Signs Three-Year Extension With Magic

October 7th, 2024 at 9:17pm CST by Dana Gauruder

Wendell Carter Jr. has signed a three-year, $58.7MM contract extension with the Magic, Shams Charania of ESPN tweets. The Magic confirmed the signing in a press release.

Carter is entering his third year of a four-year, $50MM contract that was front-loaded. The new deal will begin in 2026 and will keep him under contract through the 2028/29 season.

According to ESPN’s Bobby Marks, Carter will make approximately $18.1MM in 2026/27, $19.6MM in 2027/28 and $21MM in 2028/29 (Twitter link).

It’s the most money Carter could have received for a three-year extension — his 2025/26 salary is below the estimated average salary, so he was eligible for up to 140% of the average. Given the rising salary cap, Carter’s salary is a reasonable cost for a starting center.

The Magic now have both of their top big men under long-term deals. Franz Wagner signed a five-year, maximum-salary extension in July. By signing the extension at this time, Carter will be ineligible to be traded this season due to extend-and-trade rules.

This is Carter’s seventh NBA season, but he’s still just 25. He has averaged 12.5 points and 8.5 points in 27.6 minutes through 315 regular-season games. Carter has battled a variety of injuries throughout his career — he’s never appeared in more than 62 games in a season.

Carter played 55 times last season (48 starts), averaging 11.0 points and 6.9 rebounds in 25.6 minutes. He also made his playoff debut earlier this year, averaging 7.6 points and 6.3 rebounds in 26.4 minutes over seven games.

Carter underwent surgery on his left hand after the postseason. The preventive procedure involved inserting a plate at the site of a fracture on Carter’s hand. He suffered the fracture in early November and had it surgically repaired at the time. He also missed some games last season due to right knee inflammation.

As our extension tracker shows, Carter’s contract is essentially identical to those signed in recent months by Pacers guard Andrew Nembhard and Clippers center Ivica Zubac, though Carter’s will begin a year later.

Knicks Sign Boo Buie On Exhibit 10 Deal

October 7th, 2024 at 8:11pm CST by Dana Gauruder

The Knicks have added Boo Buie on an Exhibit 10 contract, the team’s PR department tweets.

Buie was expected to sign a similar contract with the Suns after he went undrafted in June but it never became official. Buie did appear in five Summer League contests for Phoenix, averaging 9.0 points, 2.0 assists and 1.4 rebounds in 21.1 minutes per game.

Buie, a 6’2″ two-time All-Big Ten guard, scored a total of 2,187 points during his five seasons with Northwestern. In 2023/24, he posted a career-high 19.0 points per game on .438/.434/.858 shooting. His 5.0 assists, 3.3 rebounds, and 1.4 steals per game in 34 appearances last season also represented career highs.

Exhibit 10 agreements are non-guaranteed, but can be converted into two-way contracts before the start of the regular season. If Buie is waived and then remains with the G League’s Westchester Knicks for at least 60 days, he’s eligible to earn a bonus up to $77.5K.