Transactions Rumors | Hoops Rumors

Heat Trade Victor Oladipo To Thunder

July 6th, 2023 at 12:24pm CST by Alex Kirschenbaum

JULY 6: The Heat have officially traded Oladipo to the Thunder along with Miami’s own second-round picks in 2029 and 2030, the team announced (via Twitter). According to the Thunder’s own press release, Miami acquired cash in the deal.

JUNE 30: The Heat are offloading reserve shooting guard Victor Oladipo to the Thunder, sources inform Shams Charania of The Athletic (Twitter link).

The Thunder will receive a pair of second-round picks from the Heat as part of the trade agreement, tweets Ira Winderman of The South Florida Sun Sentinel.

The Heat, meanwhile, will net a $9.45MM trade exception by flipping his salary. Miami also still has a $4.7MM trade exception from its February deal of big man Dewayne Dedmon.

Earlier this week, the injury-plagued former All-Star picked up his player option for the 2023/24 season. Oladipo tore his left knee patellar tendon during Miami’s first round matchup against the Bucks.

As Bobby Marks of ESPN details (via Twitter), the Thunder will absorb Oladipo’s salary into its available cap space. After the deal, Oklahoma City should still have an estimated $7.2MM in available money at its disposal, as well as the $7.8MM room exception. The club currently has 16 players under contract, and will need to make more moves to reduce its head count to 15 for its standard roster this fall.

With 11 players currently signed, meanwhile, the Heat now have $172MM in committed salary. While Miami is in the luxury tax, this move shifts the team $6.5MM beneath the highly punitive second tax apron. As Yossi Gozlan of HoopsHype (Twitter link) notes, the team is in better position to use its $5MM taxpayer mid-level exception, but still may have to shed a little salary to do so.

Should the 31-year-old Oladipo remain with the Thunder, it would represent his second tour of duty with the team. After being drafted by the Magic with the second overall pick out of Indiana in 2013, he spent three seasons with Orlando before being dealt to Oklahoma City in 2016. The Thunder flipped him to the Pacers as part of the Paul George trade the following summer. With the Pacers, Oladipo blossomed into a two-time All-Star thanks to a versatile scoring touch and stellar perimeter defense.

His major lower body injury issues first began to plague him in Indiana, and he has since been trying to find his footing as a defense-first role player with the Rockets and Heat. During his 42 healthy regular season contests with Miami in 2022/23, the 6’4″ vet averaged 10.7 PPG, 3.5 APG, 3.0 RPG and 1.4 SPG in 26.3 MPG, mostly off the Heat bench.

Mavericks Trade Davis Bertans, Cason Wallace To Thunder

July 6th, 2023 at 11:46am CST by Dana Gauruder

JULY 6: The Mavericks have officially acquired Lively’s rights in exchange for Bertans and the rights to Wallace, the team announced today (via Twitter).

JUNE 22: The Mavericks and Thunder have agreed to a trade, according to Shams Charania of The Athletic, who reports (via Twitter) that Davis Bertans and the No. 10 pick are headed to Oklahoma City in exchange for the No. 12 pick.

The Thunder selected Kentucky guard Cason Wallace at No. 10, Charania adds, while Dallas will get off Bertans’ pricey multiyear contract. The No. 12 pick that Dallas acquired was used on Duke big man Dereck Lively II, Shams Charania of The Stadium tweets.

The Mavericks will generate a $17MM trade exception with this trade, according to Yossi Gozlan of HoopsHype (Twitter link). They’ll now be approximately $74MM under to projected luxury tax line, which will help them make other moves, such as re-signing Kyrie Irving.

[UPDATE: Mavs to use trade exception to acquire Richaun Holmes]

The Mavs were looking to move down in the lottery, get off a bad contract and acquire a veteran starter, according to Tim MacMahon of ESPN (Twitter link). They accomplished the first two goals with this deal. They also add a promising young rim protector in Lively, who will fill a hole in the Dallas frontcourt with the team considered unlikely to re-sign big man Christian Wood.

Bertans had a career year in 2019/20 with the Wizards and cashed in with a five-year, $80MM deal. Dallas acquired Bertans as part of the Kristaps Porzingis trade with Washington.

The Thunder now pick up the two remaining years left on his deal — $17MM next season and $16MM in 2024/25 with an early termination option. The final year is only partially guaranteed for $5MM.

Oklahoma City’s desire to move up was motivated by the concern that another team might jump the Thunder by making a trade with Orlando, which held the No. 11 pick, Jeremy Woo of ESPN tweets. The Raptors, who held the No. 13 selection, were a potential trade-up suitor for Wallace.

Nets Trade Joe Harris To Pistons

July 6th, 2023 at 11:39am CST by Luke Adams

JULY 6: The trade is official, the Nets and Pistons confirmed in a pair of press releases. Detroit received Harris, the Mavericks’ 2027 second-round pick, and the Bucks’ 2029 second-rounder from Brooklyn in exchange for cash ($110K).

JUNE 30: The Nets have reached an agreement on a trade that will send Joe Harris to the Pistons, reports Shams Charania of The Athletic (Twitter link).

According to ESPN’s Adrian Wojnarowski (Twitter links), Brooklyn will also send two second-round picks to Detroit in the deal and will generate a traded player exception worth $19.9MM, the amount of Harris’ 2023/24 salary.

The picks being acquired by the Pistons are the Mavericks’ 2027 second-rounder and the Bucks’ 2029 second-rounder, per Charania (Twitter link).

No players are going from Detroit to Brooklyn in the trade, tweets James L. Edwards III of The Athletic. The Pistons are instead sending the Nets $110K to complete the deal, per Edwards (Twitter link). That’s the minimum amount of cash a team can include in a trade.

While the deal looks like a simple salary dump on the surface, it’s a fascinating agreement that will have a major ripple effect on both teams’ offseasons. The Pistons had frequently been cited as a potential suitor for Nets restricted free agent Cameron Johnson in the weeks leading up to free agency and there had been a belief that they could make life difficult on Brooklyn by signing the forward to a lucrative offer sheet.

By convincing the Pistons to take Harris instead, the Nets will gain more financial flexibility to re-sign Johnson and stay out of luxury tax territory. They also may take their biggest competitor for Johnson’s services out of the mix, since Harris will take up a significant chunk of Detroit’s cap room and will reduce the need for the Pistons to go out and acquire another sharpshooter.

It’s not a bad arrangement from the Pistons’ perspective either. Rather than potentially overpaying Johnson on a four-year, nine-figure offer sheet and hoping the Nets won’t match it, they’ll get one of the NBA’s best outside shooters on a short-term contract, retaining long-term flexibility and picking up a pair of future second-rounders in the process.

[UPDATE: Nets, Cameron Johnson agree to four-year deal]

Injuries limited Harris to just 14 games in 2021/22, and he played a reduced role when he returned to action this past season, averaging just 20.6 minutes per game, his lowest mark since ’15/16. However, he remains as effective as ever from beyond the arc, knocking down 42.6% of his three-point attempts in 74 games last season. He has now hit at least 42.4% of his threes in five straight seasons, leading the NBA in three-point percentage twice during that time.

A.J. Green Re-Signs With Bucks On Standard Deal

July 6th, 2023 at 9:36am CST by Arthur Hill

July 7: Green’s standard deal is official, per NBA.com’s official transactions log.

July 6: A.J. Green will remain with the Bucks on a multi-year contract, tweets Shams Charania of The Athletic. Only the first year of the deal is fully guaranteed, Charania adds. It’s a three-year deal, tweets Michael Scotto of HoopsHype.

The 23-year-old shooting guard will receive his first standard NBA contract after playing on a two-way deal last season. He signed with Milwaukee last July after going undrafted out of Northern Iowa.

Green appeared in 35 games for the Bucks during his first NBA season, averaging 4.4 points and 1.3 rebounds in 9.9 minutes per night. He underwent surgery for a nasal fracture in October that kept him out of action for close to a month.

Green is the fourth Bucks free agent to agree to re-signed with the team, joining Khris Middleton, Brook Lopez, and Jae Crowder. The team has also reached deals with Malik Beasley and Robin Lopez.

Trail Blazers Re-Sign John Butler To Two-Way Contract

July 6th, 2023 at 6:57am CST by Luke Adams

The Trail Blazers have re-signed big man John Butler to a two-way contract, according to the official transaction log at NBA.com.

Butler, 20, initially signed with the Blazers on a two-way deal last October after going undrafted out of Florida State. He appeared in 19 NBA games as a rookie, averaging 2.4 points and 0.9 rebounds in 11.6 minutes per night.

Because Portland didn’t have a G League affiliate last season, Butler didn’t get much of a chance to develop at the NBAGL level, appearing in just six games for the Stockton Kings, Sacramento’s affiliate.

However, the Blazers liked what they saw from Butler enough to issue him a two-way qualifying offer in June. Now that he’s back on a second two-way deal, he should have an opportunity to get regular playing time this fall for Portland’s new G League team, the Rip City Remix.

Butler and Ibou Badji are currently on two-way deals with the Blazers, leaving one open slot.

Nuggets, Hunter Tyson Agree To Four-Year Deal

July 5th, 2023 at 9:33pm CST by Rory Maher

The Nuggets are signing rookie second-round pick Hunter Tyson to a four-year, $7.7MM contract, reports Mike Singer of The Denver Post (Twitter link). The first three seasons are guaranteed, according to Singer, with a fourth-year team option.

As with Jalen Pickett, a fellow rookie second-rounder, the Nuggets are using the new second-round pick exception to complete the signing. That enables them to offer a four-year deal.

Tyson spent five college seasons with Clemson before Denver selected him 37th overall in last month’s draft. The 23-year-old had by far his best season in 2022/23 as a “super senior,” averaging 15.3 points and 9.6 rebounds on .479/.405/.835 shooting in 34 games (34.7 minutes) for the Tigers.

The Nuggets will have 15 players on standard deals once their third draft pick, first-rounder Julian Strawther, signs his rookie scale deal, Singer notes (via Twitter). Collin Gillespie, who missed his entire rookie season following a leg fracture last summer, is expected to return on a two-way deal and play regularly, per Singer. Gillespie is a restricted free agent after he was given a qualifying offer.

Mavs To Sign Thybulle To Offer Sheet; Blazers Will Have Right To Match

July 5th, 2023 at 8:30pm CST by Luke Adams

8:30pm: Sean Highkin of The Rose Garden Report believes there’s a “strong chance” the Blazers will match the offer sheet (Twitter link).

8:20pm: Thybulle will sign the offer sheet on Thursday, Haynes reports (via Twitter). Sources tell Shams Charania of The Athletic that it will be a three-year, $33MM deal (Twitter link). Jake Fischer of Yahoo Sports was first to report that the Mavs would likely pay the 26-year-old slightly below the full mid-level exception.

With the Mavs poised to land Grant Williams in a sign-and-trade deal involving Reggie Bullock, team salary projects to be above the $172.3MM hard cap based on the salary figures reported for Thybulle and Williams, notes Yossi Gozlan of HoopsHype (Twitter link). Either some of Dallas’ signings will come in lower than reported or the team would have to shed some salary if it lands Thybulle.

11:18am: Restricted free agent forward Matisse Thybulle intends to sign an offer sheet with the Mavericks, league sources tell Chris Haynes of Bleacher Report and TNT (Twitter link). The Trail Blazers will have the right the match the offer to retain Thybulle.

One of the NBA’s best perimeter defenders, Thybulle has earned two All-Defensive nods during his first four years in the league. However, he has struggled to make an impact on the other side of the ball.

In 245 games with the Sixers during his first three-and-a-half seasons in the league, Thybulle averaged just 4.4 points per game on .448/.325/.667 shooting. He bumped those numbers to 7.4 PPG on .438/.388/.625 shooting in 22 contests with the Blazers following a February trade that sent him to Portland.

The Mavericks don’t have any cap room available, but they haven’t used any of their $12.4MM non-taxpayer mid-level exception, so their offer sheet for Thybulle will presumably come out of that figure. While the terms of the offer aren’t yet known, it will have to cover at least two seasons.

Marc Stein, who previously reported Dallas’ interest in Thybulle, said at the time that Portland has sent “behind-the-scenes signals” that it will match any reasonable offer sheet on the restricted free agent wing. It appears the Mavs are prepared to test the Blazers’ commitment to the 26-year-old, perhaps hoping that the uncertainty surrounding Damian Lillard‘s future will cause the team to waver on locking in Thybulle.

The two teams could theoretically still negotiate a sign-and-trade agreement, but that won’t be possible once Thybulle officially signs his offer sheet. At that time, the Blazers would simply have to decide whether to match it or whether to let him go to Dallas.

If Thybulle formally signs an offer sheet and Portland receives it before the July moratorium ends on Thursday at 12:00 pm Eastern time, the Blazers will have until 11:59 pm on Friday to make their decision. Players can sign offer sheets during the moratorium, but the clock on the matching team doesn’t start ticking until the moratorium is over.

Under the new Collective Bargaining Agreement, teams have one full day to match an offer sheet received before noon and two full days to match an offer sheet that comes in after noon. For example, if the Blazers were to receive Thybulle’s signed offer sheet at 3:00 pm ET on Thursday, they’d have until 11:59 pm on Saturday to make their decision.

The Mavericks were also said to have interest in restricted free agent forward Grant Williams.

Nuggets To Sign Jalen Pickett To Four-Year Contract

July 5th, 2023 at 7:45pm CST by Luke Adams

The Nuggets have reached an agreement with second-round pick Jalen Pickett on a four-year contract that will be worth $8.4MM and will be guaranteed for the first three seasons, sources tell Michael Scotto of HoopsHype (Twitter link).

A 6’4″ guard, Pickett played three college seasons at Siena, then transferred to Penn State for two years. As a “super-senior” in 2022/23, he filled up the box score with 17.7 points, 7.4 rebounds, and 6.6 assists per game with a .508/.381/.763 shooting line in 37 contests (36.6 MPG). He was a consensus second-team All-American and made the All-Big Ten first team.

Denver put itself in position to draft Pickett by reaching a deal with the Pacers to acquire the No. 29 and No. 32 picks in the draft in exchange for No. 40 and a 2024 first-rounder. The Nuggets used the 32nd overall pick on Pickett, whose extensive college experience should put him in position to compete for a spot in the second unit as a rookie.

The Nuggets are using their taxpayer mid-level exception to sign Reggie Jackson, but are able to sign Pickett to a deal worth more than the minimum – and covering four seasons – thanks to the NBA’s new second-round pick exception. The final year on his contract will be a team option.

Warriors Sign Trayce Jackson-Davis To Four-Year Deal

July 5th, 2023 at 6:29pm CST by Luke Adams

JULY 6: The Warriors have officially signed Jackson-Davis, the team announced today (via Twitter).

JULY 5: The Warriors are signing second-round pick Trayce Jackson-Davis to a four-year contract, agents James Dunleavy and Max Lipsett tell Adrian Wojnarowski of ESPN (Twitter link). The first two years will be guaranteed, according to Wojnarowski.

The 57th overall pick in last month’s draft, Jackson-Davis is coming off an impressive four-year college career at Indiana. As a senior in 2022/23, the 6’9″ forward averaged a double-double (20.9 PPG, 10.8 RPG) with 4.0 APG and 2.9 BPG in 32 contests (34.5 MPG).

Jackson-Davis was a consensus first team All-American and an All-Big Ten player in 2023, earning the Karl Malone award as college basketball’s top power forward.

Golden State acquired Jackson-Davis’ draft rights from the Wizards in exchange for cash considerations.

The Warriors have no cap room and no mid-level exception available this offseason, so they would’ve been limited to offering Jackson-Davis a two-year, minimum-salary contract if not for the NBA’s new second-round pick exception, which allows them to go up to four years. The final year of the deal will be a team option.

Pelicans Waive Garrett Temple

July 5th, 2023 at 4:57pm CST by Rory Maher

4:57pm: Temple has officially been released, per NBA.com’s transactions log.

4:19pm: The Pelicans plan to waive Garrett Temple before his $5.4MM salary for 2023/24 becomes guaranteed, reports Michael Scotto of HoopsHype (Twitter link).

As our list of early salary guarantee dates for next season shows, Temple’s salary would have been fully guaranteed on July 7. As of right now, it is fully non-guaranteed — New Orleans won’t incur a cap hit for releasing him.

While I’m sure the Pelicans valued Temple’s locker-room presence, his on-court production was quite limited in ’22/23, so the move isn’t surprising. Despite the team dealing with significant injuries throughout last season, the veteran wing only appeared in 25 games for a total of 162 minutes.

Temple, 37, has played for 11 NBA teams over his 13 seasons. He had been with New Orleans since 2021. He holds career averages of 6.2 PPG, 2.3 RPG and 1.7 APG on .402/.345/.740 shooting across 716 regular season appearances (288 starts, 20.9 MPG).

Assuming he clears waivers in a couple days, which seems highly likely given his prior salary, Temple will become an unrestricted free agent and able to sign with any team.