Transactions Rumors | Hoops Rumors

Suns Officially Sign Terrence Ross

February 15th, 2023 at 11:19am CST by Luke Adams

The Suns have officially signed free agent swingman Terrence Ross, the team announced today in a press release.

Ross reached an agreement to join the Suns after finalizing a buyout agreement with the Magic, so today’s announcement had been expected. He cleared waivers on Tuesday, paving the way for him to join Phoenix just before the All-Star break.

Ross had been with the Magic since being traded from Toronto to Orlando at the 2017 deadline. He had been considered a trade candidate for the last couple years, but ended up staying put — with his contract set to expire at season’s end, the team agreed to set him free a little early by completing a buyout.

The 32-year-old averaged 14.4 points in 27.2 minutes per game in 220 contests during his first four full seasons with the Magic, but has seen his role cut back in the last two seasons as Orlando has gone through a rebuilding process. He has averaged just 9.2 PPG in 22.8 MPG across 105 appearances since the start of last season, though he’s knocking down 38.1% of his three-point attempts in 2022/23.

The Mavericks reportedly pursued Ross along with the Suns and believed they were poised to sign him. Instead, the veteran wing chose the opportunity to compete for a title in Phoenix alongside Devin Booker, Chris Paul, and new Sun Kevin Durant. With Mikal Bridges and Cameron Johnson having been sent to Brooklyn in the Durant trade, the door is open for Ross to earn a rotation role.

Ross surrendered $918,516 in his buyout agreement with the Magic, Hoops Rumors has learned. That’s the equivalent of his minimum salary for 55 days. There are now 54 days left in the regular season, so if he received a minimum-salary deal from Phoenix, Ross will earn slightly less than what he gave up. His contract details aren’t yet known.

Since the Suns had a pair of open spots on their 15-man roster, no corresponding move was necessary to officially add Ross. The team still has one roster opening available.

Cavaliers Sign Danny Green

February 15th, 2023 at 8:05am CST by Alex Kirschenbaum

FEBRUARY 15, 8:05am: The Cavaliers have officially signed Green, the team confirmed in a press release.

FEBRUARY 12, 3:04pm: The Cavaliers and Green have reached an agreement, according to Wojnarowski (Twitter link). The deal will be worth $2MM for the rest of the season, Shams Charania of The Athletic reports (via Twitter).

That’s more than a prorated minimum-salary contract for Green would be worth, so it’ll come out of Cleveland’s mid-level exception — the team only used a portion of the MLE to sign Ricky Rubio last summer.

The agreement will leave the Cavs’ team salary about $471K below the tax line, tweets Yossi Gozlan of HoopsHype.

FEBRUARY 12, 12:21pm: After reaching a buyout agreement with the Rockets earlier today, free agent swingman Danny Green is “nearing an agreement” to sign with the Cavaliers, his Roc Nation Sports agent and attorney Raymond Brothers informs Adrian Wojnarowski of ESPN (Twitter link).

Cleveland, who has needed help stabilizing its small forward position, could benefit from the influence of Green. When healthy, he’s a still-impactful 3-and-D vet who has won three titles for three different clubs.

Woj tweets that Green’s representatives and the Cavs are still sussing out the terms on an agreement.

Green, 35, is recovering from ACL and LCL tears he suffered while in the playoffs with the Sixers last season. He only appeared in three games with Memphis.

For what it’s worth, the 6’7″ wing has tweeted, “It’s not done yet…,” presumably in reference to the impending new contract with Cleveland.

Reggie Jackson Signs With Nuggets

February 14th, 2023 at 11:02pm CST by Arthur Hill

FEBRUARY 14: Jackson has signed with the Nuggets, the team tweets.

FEBRUARY 11: Former Clippers guard Reggie Jackson is finalizing a buyout agreement with the Hornets and intends to sign with the Nuggets after clearing waivers, tweets Shams Charania of The Athletic.

Denver had been hoping to land the 32-year-old guard, who was traded to Charlotte on Thursday, but wasn’t required to report to the team. The Nuggets have an opening in their backcourt after sending Bones Hyland to the Clippers in a four-team deal. The Suns also were reported to be heavily interested in Jackson as a buyout candidate.

Denver has an open roster spot, so Jackson can be added without making another move.

Jackson has strong ties to Colorado, notes Harrison Wind of DNVR (Twitter link). He was named Mr. Colorado Basketball as a high school player in 2008 and always has a large cheering section of family and friends whenever he plays in Denver.

Jackson spent the past four years with the Clippers and was the team’s starter at point guard last season. He was taken out of that role this year and saw his playing time cut to 25.7 minutes per night in 52 games.

Assuming Jackson winds up in Denver, other teams in need of a point guard will have to look elsewhere. Russell Westbrook, Patrick Beverley and John Wall are among the players traded this week who are considered strong candidates to become free agents soon.

Those players – and any other buyout candidates – must be waived by March 1 to be eligible for the playoffs with their new teams.

Charles Bassey Signs Four-Year Deal With Spurs

February 14th, 2023 at 4:08pm CST by Luke Adams

4:08pm: Bassey’s deal with the Spurs is now official, the team confirmed in a press release.

3:23pm: Spurs big man Charles Bassey isn’t just having his two-way contract converted into a rest-of-season deal with the team. He’ll sign a four-year, $10.2MM pact with San Antonio, agents Adie von Gontard and Daveed Cohen tell Shams Charania of The Athletic (Twitter link).

Bassey, who joined the Spurs in October on a two-way contract after being waived by the 76ers, has appeared in 25 games for the club so far this season, averaging 4.7 points and 5.3 rebounds in 13.6 minutes per night. The 22-year-old was the 53rd overall pick in the 2021 draft.

Bassey is in position to take on a more significant role following the trade that sent starting center Jakob Poeltl to Toronto. A report on Sunday indicated that he was expected to be promoted to the standard roster to fill the open roster spot created when Stanley Johnson was waived.

The Spurs still have a ton of available 2022/23 cap room and are well below the salary floor, so they’ll be incentivized to front-load Bassey’s contract. We don’t know the exact structure yet, but San Antonio could construct a descending four-year, $10.2MM deal that is worth Bassey’s minimum (about $2.26MM) in year four.

According to Bassey’s agents, the contract will include $5.2MM in guaranteed money, which suggests it’ll probably be guaranteed for this season and 2023/24.

Sixers Sign Mac McClung To Two-Way Contract

February 14th, 2023 at 2:50pm CST by Luke Adams

2:50pm: The Sixers have officially signed McClung to a two-way contract and waived Champagnie, according to a press release from the team.

12:04pm: Mac McClung is getting a call-up from the G League to the NBA, according to Shams Charania of The Athletic, who reports (via Twitter) that the Sixers are signing the 24-year-old guard to a two-way contract.

Philadelphia will waive current two-way player Julian Champagnie to create an opening for McClung, sources tell Charania (Twitter link).

Undrafted out of Texas Tech in 2021, McClung signed a pair of 10-day contracts with the Bulls in his first professional season and then inked a two-way deal with the Lakers in April, appearing in one game with each club. He spent the majority of his rookie year in the G League with the South Bay Lakers – earning NBAGL Rookie of the Year honors – and has been playing for the Delaware Blue Coats in 2022/23.

In 18 regular season appearances for the Blue Coats this season, McClung has averaged 19.1 points and 4.7 assists in just 25.9 minutes per game, posting a shooting line of .579/.500/.844.

McClung was poised to become the first G League player to participate in the NBA’s dunk contest, but assuming the 76ers officially sign him this week, he’ll now have an NBA job when he competes in that event. He’ll have a busy weekend in Salt Lake City, since he’s poised to take part in the Rising Stars event and the G League’s Next Up game as well.

Champagnie, a rookie out of St. John’s, logged just seven total minutes in two games at the NBA level while on a two-way deal with Philadelphia. He has spent most of the season playing with McClung in Delaware, recording 14.3 PPG and 5.7 RPG on .419/.352/.875 shooting in 18 regular season games (28.7 MPG) for the Blue Coats.

Mavericks Release Chris Silva

February 14th, 2023 at 12:32pm CST by Luke Adams

The Mavericks have released Chris Silva, terminating his 10-day contract with the team several days before it would have expired, the club announced today in a press release.

The move had been anticipated, since the Mavericks reached an agreement to sign Justin Holiday once he clears waivers and Silva was occupying the 15th spot on Dallas’ standard roster. The Mavs play on Wednesday for the last time before the All-Star break and Holiday is on track to clear waivers that afternoon, so it’s possible he could join the team in time for that game.

Silva had been on his second 10-day contract with the Mavs, though he only appeared in a single game during his stint with the club. He’s now ineligible to sign another 10-day deal with Dallas for the rest of the season.

Before joining the Mavs, Silva had been playing for Atlanta’s G League affiliate, the College Park Skyhawks. The 26-year-old averaged 13.5 points, 9.4 rebounds, 3.0 assists, and 1.6 blocks per game in 18 Showcase Cup appearances (26.0 MPG) for the Skyhawks.

Since the G League’s regular season began, Silva has recorded 14.2 PPG, 7.6 RPG, 2.3 APG, and 0.9 BPG in 11 contests (22.4 MPG). If he doesn’t get another NBA offer right away, he’ll presumably report back to College Park.

Silva’s 10-day contract had been set to run through February 19. He’ll still receive his full 10-day salary ($109,318) even though the deal was terminated early.

Sixers Sign Dewayne Dedmon

February 14th, 2023 at 9:31am CST by Arthur Hill

FEBRUARY 14: The Sixers have officially signed Dedmon, the team confirmed in a press release.

FEBRUARY 13: Former Heat center Dewayne Dedmon has agreed to a contract with the Sixers for the rest of the season, tweets ESPN’s Adrian Wojnarowski.

Philadelphia wasn’t able to find a backup center before last week’s trade deadline, so the team is turning to Dedmon, who has filled that role for numerous clubs throughout his 10-year NBA career. The 33-year-old has played for seven franchises, including an 11-game stint with the Sixers in 2013/14.

Dedmon began this season as the reserve center in Miami, but things turned sour after he lost that role to two-way player Orlando Robinson. In January, Dedmon was suspended for one game after a sideline incident with coach Erik Spoelstra and assistant Caron Butler. He apologized to the team, but only appeared in one game after that confrontation.

Last week, the Heat traded Dedmon to the Spurs along with a 2028 second-round pick in exchange for cash considerations. San Antonio waived him two days later.

Dedmon will try to revive his career in Philadelphia, where management had been seeking a veteran big man to back up Joel Embiid. Dedmon was averaging 5.7 points and 3.6 rebounds with Miami this season in 11.7 minutes per night.

Magic Sign Former Pacer Goga Bitadze

February 13th, 2023 at 7:41pm CST by Dana Gauruder

7:41pm: Bitadze received a two-year deal with a team option for next season, Michael Scotto of HoopsHype tweets.

6:26pm: The Magic have signed former Pacers center Goga Bitadze, according to a team press release.

Bitadze was waived when Indiana needed to create roster space in the four-team blockbuster trade that sent Kevin Durant to Phoenix. The Pacers acquired Jordan Nwora, George Hill, Serge Ibaka in the deal, though Ibaka was later waived.

Bitadze played in 21 games this season with Indiana, averaging 3.3 points and 2.3 rebounds in 9.6 minutes. He was in the final season of his rookie scale contract when Indiana let him go.

The 18^th overall pick of the 2019 draft, Bitadze has played in 170 career games (21 starts), averaging 4.8 points and 2.8 rebounds in 11.5 minutes.

Orlando had some open roster spots after waiving Terrence Ross and recently acquired Patrick Beverley. The Magic also traded a big man, Mohamed Bamba, to the Lakers, so that may open up some playing time for Bitadze.

Pacers Re-Sign James Johnson

February 13th, 2023 at 3:05pm CST by Rory Maher

The Pacers have re-signed James Johnson, the team announced in a press release. Johnson’s contract covers the rest of the 2022/23 season, per Michael Scotto of HoopsHype (Twitter link), so he will be an unrestricted free agent in the offseason.

Indiana waived the veteran forward as part of the four-team blockbuster trade that sent Kevin Durant to Phoenix. The fact that the Pacers decided to bring him back isn’t a surprise, as Dustin Dopirak of The Indianapolis Star reported a few days ago that Johnson was expected to re-sign with Indiana after clearing waivers.

Johnson, 35, is a well-traveled veteran — the Pacers are his 10th NBA team in 14 seasons. He hasn’t seen much on-court action this season, appearing in just 12 games for a total of 98 minutes, but the Pacers value his leadership in the locker room.

Boban Marjanovic Re-Signs With Rockets

February 13th, 2023 at 9:39am CST by Arthur Hill

In a move that was expected when he was waived on Thursday, the Rockets announced (via Twitter) that they have re-signed Boban Marjanovic for the rest of the season.

Marjanovic was released because the team needed an open roster spot to complete a three-team trade that sent Eric Gordon to the Clippers. The 34-year-old center became a free agent after clearing waivers, and Houston had two roster openings available after completing a buyout with Danny Green and waiving John Wall.

Marjanovic, who was acquired in a trade with the Mavericks last summer, has seen limited playing time with the Rockets. He appeared in 17 games before being waived, averaging 2.8 points and 1.5 rebounds in 4.2 minutes per night.

Although Marjanovic likely doesn’t have much of a future in Houston, he can serve as a mentor to the team’s young big men and is considered one of the best teammates in the league. He will become a free agent again after the season.