Transactions Rumors | Hoops Rumors

Pelicans Re-Sign Dereon Seabron To Two-Way Contract

April 9th, 2023 at 12:33pm CST by Luke Adams

Just three days after waiving rookie shooting guard Dereon Seabron, the Pelicans have re-signed him to a new two-way contract, the team announced today in a press release.

The move is an unusual one, since Seabron had already been on a two-way deal. It’s possible his new contract covers the 2023/24 season instead of just the rest of this season like his old one did — we’ll have to wait for confirmation on the details to be sure.

Seabron signed with the Pelicans last summer after going undrafted out of North Carolina State. He appeared briefly in just five games at the NBA level, but was a regular for the Birmingham Squadron, New Orleans’ G League affiliate.

Seabron played in 17 Showcase Cup games in the fall, averaging 14.3 points, 5.5 rebounds, and 3.6 assists with a .484/.227/.729 shooting line in 32.3 minutes per night. He bumped his scoring average to 18.4 PPG on .503/.375/.778 shooting in 27 G League regular season appearances, adding 5.5 APG and 5.0 RPG in 34.5 MPG.

The Pelicans, one of two teams that entered Sunday with an open two-way slot, now have a full 17-man roster as they prepare for a crucial regular season finale.

Rockets Sign Willie Cauley-Stein

April 9th, 2023 at 11:16am CST by Luke Adams

The Rockets have officially signed free agent center Willie Cauley-Stein, the team announced today (via Twitter).

Houston’s announcement doesn’t include any details on Cauley-Stein’s contract, so it’s unclear if it extends beyond this season at all or if it’s essentially just a one-day deal.

Cauley-Stein and the Rockets agreed to a one-year contract last offseason, but the big man’s salary was non-guaranteed and he was waived at the end of the preseason. He later rejoined the team on a 10-day deal near the end of February but has been an NBA free agent since that contract expired.

Cauley-Stein spent much of the season with the Rio Grande Valley Vipers, Houston’s G League affiliate. In 13 NBAGL regular season games, he averaged 8.8 points, 5.7 rebounds, 2.4 assists, and 1.5 blocks in 27.0 minutes per night. He also contributed 6.0 PPG, 6.4 RPG, 2.4 APG, and 1.0 BPG in 16 Showcase Cup contests (24.2 MPG).

The sixth overall pick in the 2015 draft, Cauley-Stein has appeared in 422 total regular season games for the Kings, Mavericks, Warriors, and Sixers, but is a borderline NBA player at this point, as his game isn’t an ideal fit for the league’s current style.

The Rockets were one of three NBA teams that entered Sunday with an open 15-man roster spot, so no one needed to be waived in order to make room for Cauley-Stein.

Knicks Sign Isaiah Roby To Multiyear Deal

April 9th, 2023 at 11:05am CST by Luke Adams

11:05am: The Knicks have officially signed Roby, the team confirmed in a press release (Twitter link).

9:32am: Roby is getting $400K for the last day of the 2022/23 season, reports Fred Katz of The Athletic (Twitter link). If he had received a minimum-salary deal, Roby would have been paid just $10,932 for the day, but New York was able to give him significantly more than that using a leftover portion of the team’s room exception.

Roby’s minimum salary for next season will be non-guaranteed, Katz adds.

8:40am: The Knicks have agreed to sign forward/center Isaiah Roby to a contract that covers the rest of the season and runs through 2023/24, agents Zach Kurtin and Mark Bartelstein tell Adrian Wojnarowski of ESPN (Twitter link).

Wojnarowski reports that the deal includes “significant” guaranteed money. It’s unclear whether that money will apply to this season’s cap hit (using the remainder of New York’s room exception) or if a portion of Roby’s ’23/24 salary will be guaranteed.

Roby, 25, spent most of the season with the Spurs after being claimed off waivers from the Thunder last summer. He was released just over a month ago when San Antonio needed a roster spot to accommodate its addition of Sandro Mamukelashvili.

In 42 games (11.3 MPG) this season as a Spur, Roby averaged 4.1 points and 2.5 rebounds per night, with a shooting line of .432/.300/.488. He was more effective in 2021/22 in Oklahoma City, averaging 10.1 PPG and 4.8 RPG on .514/.444/.672 shooting in 45 appearances (21.1 MPG) for the Thunder.

As we noted earlier today, the Knicks entered Sunday as one of three teams with a 15-man roster spot open, so no corresponding move will be necessary to make room for Roby. The Lakers and Rockets are the other two teams that still have openings on their standard rosters.

Because Roby was waived on March 3, he won’t be eligible to participate in the playoffs this spring.

Jazz Sign Vernon Carey Jr. To Multiyear Deal

April 8th, 2023 at 9:07pm CST by Alex Kirschenbaum

9:07pm: The signing is official, the Jazz announced in a press release.

1:01pm: Free agent center Vernon Carey Jr. has agreed to a new deal with the Jazz, according to Adrian Wojnarowski of ESPN (Twitter link), who reports that the agreement will run through the 2023/24 season.

It’s unclear at this time how much – if any – of next season’s money is guaranteed. Woj notes that Carey will also get in reps with Utah’s Summer League team this July.

The 6’9″ big man most recently played for the Wizards, though he failed to crack the club’s rotation before being waived last month. He appeared in just 11 games this season for the Wizards and 14 overall after joining the team at the 2022 trade deadline in the Montrezl Harrell deal with Charlotte.

The former Duke standout, who was drafted 32nd overall by the Hornets in 2020, played in 37 total games for Charlotte and Washington, with career averages of 1.9 PPG and 1.4 RPG in 5.1 MPG.

Carey enjoyed a far more expansive role with Washington’s G League affiliate, the Capital City Go-Go. He averaged 20.7 PPG on 61.9% field goal shooting, along with 8.3 RPG, 1.9 APG, 0.9 SPG and 0.9 BPG. Utah will be hoping that some of that promise translates to the NBA level.

The Jazz had an open spot on their 15-man roster, so no corresponding move will be necessary to sign Carey.

Grizzlies Promote Lofton, Waive Chandler, Sign Gilyard

April 8th, 2023 at 1:48pm CST by Alex Kirschenbaum

1:48pm: The Grizzlies have officially announced their series of roster moves, including a two-way deal for guard Jacob Gilyard, which was first reported by Wojnarowski (Twitter link).

An undrafted rookie in 2022, Gilyard spent the season with the Memphis Hustle in the G League and led the NBAGL in assists per game (9.7). He’ll occupy the two-way slot previously held by Lofton, while Lofton moves into the 15-man roster spot that had been held by Chandler.

12:39pm: The Grizzlies are promoting rookie two-way forward Kenneth Lofton Jr. to their standard roster, and will sign him to a four-year, $7MM contract, Lofton’s agent Mike George informs Adrian Wojnarowski of ESPN (via Twitter).

Lofton was recently named the 2022/23 G League Rookie of the Year. With the Grizzlies’ G League affiliate, the Memphis Hustle, he averaged 20.2 PPG, 10.5 RPG, 3.9 APG, 1.2 SPG and 0.6 BPG across 17 games, including 15 starts.

The 6’7″ power forward has appeared in 23 games for the Grizzlies proper, posting modest averages of 3.4 PPG, 1.6 RPG and 0.9 SPG in 5.9 MPG.

Woj notes that Lofton is being inked to Memphis’ standard 15-man roster in part to address the absence of center Steven Adams, who is reportedly likely to miss the entire 2023 postseason due to the lingering effects of his right knee injury. Adams is one of two key big men unavailable for the Grizzlies — reserve power forward Brandon Clarke tore his Achilles in early March.

Chris Herrington of The Daily Memphian tweets that Lofton, who would have entered restricted agency this summer if not for his new deal, has impressed the Grizzlies with his development thus far this season.

To carve out roster space for Lofton, Memphis is releasing rookie guard Kennedy Chandler, sources inform Shams Charania of The Athletic (Twitter link).

Chandler, 20, was selected with the No. 38 pick in the 2022 draft out of Tennessee. As Charania notes, Chandler had been on a long-term agreement with the club, and should now garner significant attention on the waiver wire or as a free agent if he manages to clear waivers.

Herrington adds (via Twitter) that Chandler flashed promise with his ball-handling and defense this season, and may be a better fit on a team that will have more patience as he develops. The 51-30 Grizzlies are clearly prioritizing win-now pieces.

Memphis will be on the hook for Chandler’s guaranteed cap hits in 2023/24 ($1.72MM) and ’24/25 ($2.02MM) if he goes unclaimed on waivers.

RaiQuan Gray Signs Two-Way Deal With Nets

April 8th, 2023 at 1:22pm CST by Alex Kirschenbaum

Free agent power forward RaiQuan Gray has signed a two-way contract with the Nets, the team announced in a press statement.

The Nets previously drafted Gray with the No. 59 pick out of Florida State in 2021. Ever since, the 6’8″ big man has been playing for the Long Island Nets, Brooklyn’s NBAGL affiliate.

Across 18 regular season games with Long Island this season, all starts, Gray averaged 15.4 PPG, 7.6 RPG, 2.6 APG, 1.6 SPG and 0.6 BPG. He boasted shooting splits of .578/.382/.629 in those contests.

The Nets had an open two-way roster spot after elevating David Duke to their standard roster on Friday, so no correlating move needs to be executed to accommodate Gray. He will join incumbent two-way player Dru Smith, a 6’3″ shooting guard who has appeared in 14 games with Brooklyn proper this season.

Gray could theoretically be promoted to the playoff-bound Nets’ standard roster until the last day of the 2022/23 regular season, which is tomorrow, but Brooklyn would need to cut a current player to make room for his addition.

Luka Samanic Signs Multiyear Deal With Jazz

April 7th, 2023 at 8:50pm CST by Alex Kirschenbaum

APRIL 7: Samanic’s new contract with the Jazz is official, the team announced in a press release.

APRIL 6: Jazz power forward Luka Samanic has agreed to a deal with Utah that will run through the 2023/24 season, Samanic’s agents Mark Bartelstein and George Roussakis inform Adrian Wojnarowski of ESPN (via Twitter).

Samanic is on the final day of a 10-day deal with Utah. According to Wojnarowski, the forward’s new agreement with the team includes some level of guaranteed salary for next season and trigger dates for his money to become fully guaranteed.

Even with Samanic joining the team for the rest of the season and potentially next year, the Jazz still have 14 of their 15 standard roster spots filled. As Bobby Marks of ESPN tweets, Utah is one of just five NBA clubs who still possess a roster opening.

Selected with the No. 19 pick by the Spurs during the 2019 draft, Samanic spent two seasons in San Antonio, but failed to make much of an impact. He had been out of the league before inking his 10-day contract with Utah in March.

Across four games with the Jazz so far, Samanic is averaging career highs of 7.3 PPG, 4.3 RPG and 0.8 SPG, plus 1.8 APG, in 17.5 MPG.

Celtics Sign Justin Champagnie

April 7th, 2023 at 10:04am CST by Alex Kirschenbaum

APRIL 7: The signing is official, the Celtics announced (via Twitter).

APRIL 3: Free agent small forward Justin Champagnie, currently with the Sioux Falls Skyforce of the NBAGL, is set to sign a deal with the Celtics, per Shams Charania of The Athletic (Twitter link).

The Celtics have both their two-way player slots occupied, but do still possess an opening on their standard 15-man roster. It seems likely they will add Champagnie to their standard roster for the 2022/23 season’s final week and possibly give him a non-guaranteed salary for ’23/24.

After going undrafted out of Pittsburgh in 2021, the 6’6″ swingman inked a two-way deal with the Raptors for the 2021/22 season. The team brought him back aboard for 2022/23, but after he had appeared in just three games for Toronto this season, he was cut in December. He has been with Sioux Falls ever since.

Champagnie holds career NBA averages of 2.2 PPG and 1.9 RPG across 39 pro games, while playing sparingly. In 23 games with the Skyforce this season, the 21-year-old has averaged 18.2 PPG, 8.1 RPG, 1.0 APG, 0.9 SPG, and 0.7 BPG.

Hornets Convert Kobi Simmons’ Contract, Sign Xavier Sneed To Two-Way Deal

April 7th, 2023 at 9:42am CST by Arthur Hill

The two-way contract that Kobi Simmons signed with the Hornets last week has been converted to a standard deal, the team announced in a press release, adding that Xavier Sneed will fill the newly created two-way opening.

Simmons, a 25-year-old point guard, has appeared in three games so far with Charlotte, averaging 1.7 PPG in 5.7 minutes per night. It marked the first NBA action for the long-time G-Leaguer since he played one game for the Cavaliers during the 2018/19 season.

Simmons received a multi-year contract, according to the press release, but terms weren’t revealed so it’s uncertain whether he has any guaranteed money beyond this season. He has spent the past three years with Charlotte’s G League affiliate and is the club’s career leader in scoring.

Sneed averaged 5.0 points, 1.3 rebounds and 1.3 assists in three games with Charlotte on a 10-day contract that expired Thursday. The 25-year-old small forward also had brief stays with the Grizzlies and Jazz last season.

David Duke Jr. Gets Standard Contract From Nets

April 7th, 2023 at 9:06am CST by Arthur Hill

9:25am: The move is official, the Nets announced (via Twitter).

9:06am: The Nets will convert David Duke Jr.‘s two-way contract to a standard deal, sources tell Brian Lewis of The New York Post. An official announcement is expected to be made later today.

The 23-year-old combo guard has appeared in 21 games in his second season with Brooklyn, averaging 3.1 points and 1.0 rebounds in 8.6 minutes per night. He emerged as a star in the G League, Lewis notes, finishing third in this year’s MVP voting.

Duke earned a two-way contract in 2021 after going undrafted out of Providence and got into 22 games last season. He had hoped to get a standard offer after a strong Summer League showing, according to Lewis, but he had to settle for another year on a two-way contract.

The Nets have a roster spot open after Moses Brown‘s second 10-day contract expired on Thursday. Brown played just six total minutes in two appearances with Brooklyn and wouldn’t have been eligible for the playoffs because the Knicks waived him past the March 1 cutoff point.