Transactions Rumors | Hoops Rumors

Elijah Hughes Joins Cavaliers On Exhibit 10 Contract

October 17th, 2024 at 3:00pm CST by Arthur Hill

OCTOBER 17: Hughes’ deal with the Cavaliers is official, per RealGM’s transaction log.

OCTOBER 16: Elijah Hughes has agreed to a contract with the Cavaliers, agent Daniel Hazan tells NBA reporter Chris Haynes (Twitter link). It’s an Exhibit 10 deal, according to Chris Fedor of Cleveland.com (Twitter link).

Hughes will play for the Cavs’ G League affiliate, the Cleveland Charge, Fedor adds. He will be eligible for a bonus of up to $77.5K if he spends at least 60 days with the Charge, who acquired Hughes’ rights in a G League trade earlier this month.

The 26-year-old swingman was selected with the 39th pick in the 2020 draft and spent the first season and a half of his career in Utah. A three-team deal at the 2022 trade deadline sent him to Portland, and he became a free agent after finishing out the season with the Trail Blazers.

Hughes signed with Milwaukee during each of the last two preseasons, but he hasn’t worked his way back into the NBA. He averaged 10.4 points, 3.2 rebounds and 2.1 assists in 29 regular season games with the G League Wisconsin Herd last season.

Cleveland has an opening on its 21-man roster, so another move won’t be necessary before finalizing the deal with Hughes.

Bulls Waive Onuralp Bitim, Kenneth Lofton Jr.

October 17th, 2024 at 10:30am CST by Dana Gauruder

The Bulls have waived Onuralp Bitim and Kenneth Lofton Jr., the team tweets.

Bitim was battling for the last spot on the roster on a non-guaranteed contract. The 25-year-old would have received $350K if he had made the opening night roster. He underwent surgery for a detached retina in the spring.

Bitim began last season on a two-way contract but was promoted to Chicago’s standard roster in February. After making his NBA debut on February 22, he appeared in 22 total games for Chicago, averaging 3.6 points and 1.5 rebounds in 12.0 minutes per contest, with a shooting line of .381/.273/.800.

Lofton, who signed an Exhibit 10 contract in August, began last season on the Grizzlies’ 15-man roster, but was waived in December. He spent a couple months on a two-way deal with Philadelphia, then was waived again in March and signed a rest-of-season contract with the Jazz, who cut him before his ’24/25 salary became partially guaranteed.

Assuming Lofton isn’t claimed, he’ll receive a bonus worth $77.5K if he joins the G League’s Windy City Bulls and remains with them for at least 60 days.

The Bulls camp roster now stands at 18, including a pair of two-way players.

These moves would seemingly improve the chances of Talen Horton-Tucker making the roster. He signed an Exhibit 10 contract last month.

Spurs’ McDaniels Among Wednesday’s Cuts

October 17th, 2024 at 9:37am CST by Dana Gauruder

The Spurs waived forward Jalen McDaniels on Wednesday, according to the NBA’s transactions log.

San Antonio acquired McDaniels earlier this week from the Kings in a salary dump. The deal sent McDaniels, cash, and the Kings’ unprotected 2031 second-round pick to San Antonio in exchange for the Bulls’ top-55 protected 2025 second-round pick.

At the time of the deal, it was reported the Spurs did not intend to keep McDaniels. San Antonio will be on the hook for McDaniels’ $4.74MM expiring contract, which it absorbed using its $8MM room exception. The Spurs have one of the lowest team salaries in the NBA and still have plenty of room below the tax line after eating his contract.

We have more waiver moves from Wednesday:

The Nuggets waived Andrew Funk, Will Richardson and Charles Bediako. That trio was signed to Exhibit 10 deals last week. They’ll each earn a bonus worth $77.5K if they join Denver’s G League club, the Grand Rapids Gold, and remain with the team for at least 60 days.
The Bucks waived guard James Akinjo. He was signed to an Exhibit 10 contract in late August. The guard split time last season between the Stockton Kings and Wisconsin Herd. He’ll be eligible for $77.5K bonus if he rejoins the Herd and remains with them for at least 60 days.

Kings Sign Doug McDermott

October 16th, 2024 at 10:34pm CST by Luke Adams

10:34pm: The signing is official, tweets Sean Cunningham of KTXL.

1:50pm: The Kings have reached an agreement on a one-year contract with free agent sharpshooter Doug McDermott, reports Shams Charania of ESPN (Twitter link).

While there has been no confirmation that McDermott’s contract is guaranteed, it likely won’t be the same sort of sign-and-waive Exhibit 10 agreement we’ve seen so often in recent weeks for G League purposes.

McDermott is a 10-year NBA veteran who appeared in 64 regular season games in 2023/24 and the Kings have a pair of openings on their projected 15-man regular season roster after trading Jalen McDaniels to San Antonio, so there’s a clear path for him to claim a spot on the opening night squad.

McDermott, 32, is a career 41.0% three-point shooter across 655 total contests with the Bulls, Thunder, Knicks, Mavericks, Pacers, and Spurs. He spent the first half of last season in San Antonio before being traded to Indiana in the three-team deadline deal that sent Buddy Hield to Philadelphia.

Although McDermott was part of his teams’ rotations for much of the season, he averaged just 14.1 minutes per game, his lowest mark since his rookie year in 2014/15. In his reduced role, he contributed 5.5 points per night on .433/.410/.579 shooting.

Sacramento sent out Harrison Barnes, Sasha Vezenkov, and Chris Duarte in a pair of offseason deals, so it certainly won’t hurt the team to add another reliable outside shooter at the back end of its bench.

Assuming McDermott signed for the veteran’s minimum (which is highly likely) and makes the regular season roster, he’ll count against the Kings’ cap for about $2.09MM, leaving the team’s salary roughly $3.74MM below the luxury tax line with 14 players under contract.

Sixers Waive Four Players

October 16th, 2024 at 10:10pm CST by Arthur Hill

The Sixers made four roster cuts after Wednesday’s preseason game, waiving Jordan Tucker, Isaiah Mobley, Judah Mintz and Max Fiedler, according to Keith Pompey of The Philadelphia Inquirer (Twitter link).

All four players were on Exhibit 10 contracts and are likely to wind up with the team’s G League affiliate in Delaware, where they can earn bonuses worth up to $77.5K if they remain there for at least 60 days.

Tucker and Mobley signed in late September, just before the start of training camp. Tucker was in the LNB Pro A League in France last season and has played in the G League and internationally since going undrafted out of Butler in 2020. Mobley, the brother of Cavaliers star Evan Mobley, had been with Cleveland on two-way deals the past two seasons.

Mintz, a former standout guard at Syracuse, inked an Exhibit 10 contract in early September, while Fielder, a rookie big man out of Rice, signed in late August.

The moves bring Philadelphia’s roster down to 17 players ahead of the upcoming cutdown date. The team has 13 players on fully guaranteed contracts, along with Ricky Council, whose $1.9MM salary for this season and $2.2MM for 2025/26 are both non-guaranteed.

Although there’s still a few days for the Sixers to make last-minute moves, it’s possible that the roster is set heading into the October 23 opener against Milwaukee.

Grizzlies Sign Miles Norris, Waive David Johnson

October 16th, 2024 at 9:43pm CST by Arthur Hill

The Grizzlies have signed power forward Miles Norris and waived guard David Johnson, the team announced in a press release (Twitter link).

Johnson signed with Memphis earlier on Wednesday, and although terms of the deals weren’t announced, it’s very likely that both players received Exhibit 10 contracts. That will make them eligible for a bonus worth up to $77.5K if they spend at least 60 days with the Grizzlies’ G League affiliate, the Memphis Hustle.

Norris, 24, signed a two-way contract with Atlanta last summer after going undrafted out of California-Santa Barbara. He was waived in December and joined the Hawks’ G League team in College Park, where he averaged 9.8 points and 6.8 rebounds in 16 Showcase Cup games. Norris also played for Atlanta in the Las Vegas Summer League the past two years.

Memphis remains at the offseason roster limit of 21 players.

Celtics To Sign Hason Ward To Exhibit 10 Deal, Waive Dmytro Skapintsev

October 16th, 2024 at 6:52pm CST by Arthur Hill

The Celtics will sign Hason Ward to an Exhibit 10 contract, sources tell Jay King of The Athletic (Twitter link).

The 6’9″ forward advanced to the NCAA Tournament’s Sweet 16 last spring with Iowa State. A super senior, Ward averaged 6.0 points and 3.8 rebounds for the Cyclones while shooting 62.8% from the field. He transferred two years ago after playing his first three collegiate seasons at Virginia Commonwealth.

Ward is likely headed for the Maine Celtics in the G League, and the Exhibit 10 deal makes him eligible for a bonus worth up to $77.5K if he spends at least 60 days with the team.

To make room on the roster, Boston has waived Dmytro Skapintsev, according to Keith Smith of Spotrac (Twitter link). The 26-year-old Ukrainian center also had an Exhibit 10 deal and is also expected to play in Maine.

The Celtics will be back to the offseason roster limit of 21 players once the addition of Ward is finalized.

Magic Sign Alex Morales, Waive Robert Baker

October 16th, 2024 at 2:39pm CST by Luke Adams

The Magic have made a pair of minor roster moves, signing free agent guard Alex Morales and waiving center Robert Baker, the team announced today in a press release (Twitter link).

The moves appear G-League-motivated. Like Baker, Morales figures to be cut by Orlando before the regular season begins. But because Baker was on an Exhibit 10 contract and Morales almost certainly will be too, they’ll be eligible to receive bonuses worth up to $77.5K apiece if they spend at least 60 days with the Osceola Magic, the team’s NBAGL affiliate, this season.

A 6’6″ shooting guard, Morales has played for the Magic’s G League team in each of the past two years while also suiting up for Osos de Manati in Puerto Rico during the NBA offseason.

In 49 Showcase Cup and regular season games in 2023/24 for the Osceola Magic, the former Wagner College standout averaged 9.0 points, 5.2 rebounds, and 3.3 assists in 23.9 minutes per contest, with a shooting line of .501/.252/.625.

Having added one player to their roster while removing another, the Magic still have the maximum allowable 21 players under contract.

Nets Sign, Waive K.J. Jones

October 16th, 2024 at 2:30pm CST by Dana Gauruder

OCTOBER 16: The Nets have waived Jones, the team announced today, putting him on track to report to Long Island this fall.

OCTOBER 15: The Nets have signed wing K.J. Jones to an Exhibit 10 contract, according to the RealGM transactions log.

Brooklyn’s agreement with Jones was first reported in late June, shortly after the draft. He appeared in one Las Vegas Summer League game for Brooklyn.

Jones played his college ball at Division II Emmanuel University in Georgia, where he averaged 26.2 points per game in back-to-back seasons. He scored more than 3,600 total points over the course of his five-year collegiate career and posted a shooting line of .482/.371/.868 across those five seasons, also logging career averages of 5.7 rebounds, 3.0 assists, and 1.6 steals per contest.

Jones was the only Division II prospect to receive an invitation to the Portsmouth Invitational Tournament this spring.

Jones will likely be waived and then join the G League’s Long Island Nets. He would be eligible for a bonus up to $77.5K if he stays with the G League team for at least 60 days.

Pelicans Cut Four Players

October 16th, 2024 at 12:46pm CST by Luke Adams

The Pelicans have removed four players from their preseason roster, announcing in a press release on Wednesday that they’ve requested waivers on Elfrid Payton, Keion Brooks Jr., Trhae Mitchell, and Josh Oduro.

All four players were on essentially identical non-guaranteed contracts with Exhibit 10 clauses and will now be eligible to earn bonuses worth $77.5K apiece if they reported to the Birmingham Squadron and spend at least 60 days with New Orleans’ G League affiliate.

Brooks and Oduro went undrafted earlier this year and have no prior G League experience, so they can be designated as “affiliate players” for the Squadron. Payton and Mitchell played for other NBAGL teams last season, but had their returning rights acquired by Birmingham in a pair of separate trades during the offseason.

The Pelicans now have 14 players on guaranteed contracts and three on two-way deals, for a total of 17 players on their preseason roster.

Those are the 17 players who appear likely to open the regular season with the club, though it’s possible New Orleans will continue shuffling Exhibit 10 players on and off the roster over the next few days for G League purposes.