Transactions Rumors | Hoops Rumors

Spurs Release Dewayne Dedmon

February 9th, 2023 at 4:17pm CST by Alex Kirschenbaum

4:20pm: The Spurs have officially waived Dedmon, according to a press release from the team.

4:17pm: Veteran journeyman center Dewayne Dedmon will be waived by the Spurs just days after San Antonio acquired him via trade, per Shams Charania of The Athletic (Twitter link).

The Heat flipped a 2028 second-round draft pick to the Spurs to get off of Dedmon’s money earlier this week, while the Spurs sent Miami back $110K.

The 33-year-old seven-footer was in the midst of his third season with the Heat after inking a two-year, $9MM free agent deal to return in 2022. He had been squeezed out of the rotation by the emergence of two-way big Orlando Robinson in recent weeks. A minutes-related squabble on the bench prompted Miami to take the extreme step of suspending Dedmon for a game.

Provided Dedmon clears waivers, he will become an unrestricted free agent, and be free to latch on with any team besides the Heat.

Across his 30 games behind All-Star Heat center Bam Adebayo this season, Dedmon averaged 5.7 PPG and 3.6 RPG, while posting shooting splits of .496/.297/.727.

Pacers To Waive Serge Ibaka, Terry Taylor

February 9th, 2023 at 3:44pm CST by Rory Maher

The Pacers will waive veteran big man Serge Ibaka, according to Shams Charania of The Athletic (Twitter link). Scott Agness of Fieldhouse Files (Twitter link) first reported that Indiana was expected to cut Ibaka.

Indiana is also expected to waive second-year forward Terry Taylor, per Jake Fischer of Yahoo Sports (via Twitter).

The Pacers are acquiring Ibaka as part of the three-team deal that is sending Jae Crowder to the Bucks, but he will never officially suit up for Indiana. Assuming he clears waivers, Ibaka might find some suitors amongst the contenders, though he was just on one of the best teams in the league and struggled to receive playing time.

The 33-year-old unfortunately hasn’t looked the same after having back surgery a couple years ago. He appeared in 16 games for the Bucks this season, averaging 4.1 points and 2.8 rebounds in 11.6 minutes per contest.

After going undrafted out of Austin Peay in 2021, Taylor had a solid rookie season once he cracked Indiana’s rotation, averaging 9.2 points and 5.2 boards while shooting 61.4% from the field in 33 games (21.6 minutes). However, he hasn’t played much in year two, averaging just 8.8 minutes per night across 26 games in 2022/23.

Taylor’s deal for next season is non-guaranteed, so waiving him will only affect this season’s cap.

If our math is correct, the Pacers will still need to waive one more player as part of the trade with the Bucks — they’re adding three players, but had a full 15-man roster, and only two from the pre-trade roster (Taylor and Goga Bitadze) will reportedly be released. The team has to open up a spot for all three incoming players even though Ibaka will be waived.

Lakers, Jazz, Wolves Complete Three-Way Trade

February 9th, 2023 at 2:16pm CST by Arthur Hill

FEBRUARY 9: The trade is now official, the Timberwolves have confirmed in a press release. As expected, Minnesota waived Bryn Forbes to open a spot on their roster to complete the deal.

FEBRUARY 8: A three-team deal involving the Lakers, Jazz and Timberwolves is in the process of being finalized, tweets ESPN’s Adrian Wojnarowski.

The trade will send Minnesota guard D’Angelo Russell to L.A., along with Utah’s Malik Beasley and Jarred Vanderbilt.

The Wolves will get point guard Mike Conley, Nickeil Alexander-Walker, the less favorable of the Wizards’ and Grizzlies’ second-round picks in 2024 (from the Lakers) and Utah’s second-round picks in 2025 and 2026, sources tell Wojnarowski (Twitter link).

Utah will receive Russell Westbrook and a 2027 first-round pick from the Lakers that is top-four protected. In addition, the Jazz will acquire Juan Toscano-Anderson and Damian Jones.

After months of searching, the Lakers found a way to unload Westbrook’s $47.1MM contract and only had to part with one of their two tradable future first-rounders. Westbrook has adapted well this season to a sixth man role under new head coach Darvin Ham, but his contract was still considered a burden and his lack of outside shooting made him a poor fit for L.A.’s offense.

The Jazz are expected to pursue a buyout with Westbrook once the trade is official, tweets Chris Haynes of Bleacher Report. If an agreement is reached, the Clippers would be interested in signing Westbrook, according to Haynes (Twitter link). He adds that the Bulls are also considering Westbrook, which would reunite him with Billy Donovan, his former coach in Oklahoma City (Twitter link).

The Lakers were able to add the shooters they had been seeking in Russell and Beasley, along with a versatile frontcourt addition in Vanderbilt. Russell, whom L.A. selected with the second overall pick in the 2015 draft, is connecting at 39.1% from three-point range this season, while Beasley is shooting 35.9% from long distance, providing two new weapons to space the floor around LeBron James and Anthony Davis.

Russell will be an unrestricted free agent this summer, Beasley has a $16.5MM team option for 2023/24, and Vanderbilt’s $4.7MM salary for ’23/24 is mostly non-guaranteed, so the Lakers will still have the flexibility to create significant cap room in the offseason if they so choose. They could also operate over the cap by hanging onto Beasley and Vanderbilt and attempting to re-sign Russell and Rui Hachimura, whom they acquired last month.

The Wolves, who have encountered difficulty incorporating Rudy Gobert into their offense, should benefit by reuniting him with Conley, his former Jazz teammate. Conley also brings a veteran presence that was lacking on a young Minnesota team — he’ll be charged with helping to make the Wolves’ Twin Towers approach work once Karl-Anthony Towns returns from his calf injury.

Unlike Russell, Conley is under contract for next season — his $24.4MM salary is partially guaranteed for $14.3MM. That will reduce the Wolves’ cap flexibility this offseason, but also ensures they won’t have to worry about losing their starting point guard for nothing in free agency.

As Wojnarowski points out (via Twitter), by acquiring the Lakers’ lightly protected 2027 first-rounder, the Jazz are adding another valuable piece to their collection of draft assets. Utah will have 15 first-round picks with little or no protections through 2029, along with a talented young core to build around and possibly more than $60MM in cap space this summer.

Even before a potential Westbrook buyout, the deal will open up a roster spot for the Jazz, who are sending out four players and only taking three back. The Wolves, who are acquiring two players for one, will have to waive a player from their 15-man roster to accommodate the extra newcomer.

Lakers To Send Beverley To Magic For Bamba

February 9th, 2023 at 1:26pm CST by Arthur Hill

The Lakers will acquire center Mohamed Bamba from the Magic in exchange for veteran guard Patrick Beverley, tweets Shams Charania of The Athletic.

Orlando will also receive a second-round draft pick and cash in the deal, according to Tim Reynolds of The Associated Press (Twitter link).

Bamba will take the place of Thomas Bryant, who was traded to Denver earlier today, alongside LeBron James and Anthony Davis in L.A.’s frontcourt. Bamba signed a new two-year deal with Orlando over the summer, so he’s under contract for one more season at $10.3MM.

Through 40 games this season with the Magic, the 24-year-old averaged 7.3 PPG, 4.6 RPG and 1.0 BPG on .495/.398/.686 shooting. After starting 69 of his 71 games in ’21/22 and averaging 25.7 minutes per contest, Bamba saw his role reduced in ’22/23, only receiving six spot starts and 17.0 minutes per game.

Moving off Bamba creates a more clear-cut rotation for Orlando and picking up a second-round pick helps somewhat, but it’s hard to say that his tenure with the Magic was anything but a disappointment. He was selected sixth overall back in 2018, ahead of players like Collin Sexton, Mikal Bridges, Shai Gilgeous-Alexander, Michael Porter Jr., Kevin Huerter and Robert Williams, among others.

Bamba is currently serving a suspension as part of his role in an altercation with the Wolves, so he will be ineligible to play for two more games.

As Reynolds notes, the 34-year-old Beverley is unlikely to remain with the Magic, who have a slew of young guards. He’s making $13MM in the final year of his contract.

Beverley will have suitors if he’s bought out or waived by Orlando. He isn’t the defensive player he once was, but he plays hard and with a lot of energy, so contenders will be interested in his services.

In addition to saving a significant amount of money in luxury tax payments with the trade, the Lakers continue to add younger players. They had their own backcourt logjam to deal with, and moving Beverley helps in that regard as well, though he was arguably the team’s best perimeter defender (which, frankly, isn’t saying much given the team’s lack of talent on that end — the Lakers are 20th in the league in defensive rating).

Adding Bamba’s $10.3MM salary for ’23/24 is further evidence that the Lakers are unlikely to operate as an under-the-cap team in the offseason. However, his deal is non-guaranteed, so they could still go that route by waiving or renouncing the cap holds for all of the players they acquired ahead of the deadline (Bamba, Davon Reed, Rui Hachimura, Jarred Vanderbilt, Malik Beasley and D’Angelo Russell). Only Vanderbilt has guaranteed money next season, and it’s a very small ($300K) partial guarantee.

Rory Maher contributed to this post.

Nuggets To Trade Bones Hyland To Clippers

February 9th, 2023 at 12:58pm CST by Luke Adams

The Nuggets have agreed to trade second-year guard Bones Hyland to the Clippers, reports ESPN’s Adrian Wojnarowski (via Twitter). Denver will receive L.A.’s 2024 and 2025 second-round picks in the swap, according to Wojnarowski (Twitter link).

Hyland had been on the trade block in Denver in recent weeks due in part to tension between the 22-year-old and the Nuggets’ coaching staff about his playing time. Multiple reports indicated that Hyland would welcome a change of scenery if it gave him the opportunity to take on a more significant role elsewhere.

He’ll get his change of scenery, though it’s unclear whether Hyland will get a significant bump in minutes on a deep Clippers team that has championship aspirations. Still, L.A. had been in the market for another play-maker in the backcourt and will acquire a promising one in Hyland, who averaged 12.1 PPG and 3.0 APG on .399/.378/.866 shooting in 41 games (19.5 MPG) for the Nuggets this season.

Because he’s only in the second year of his rookie contract, Hyland will remain under team control for two seasons beyond this one at a very reasonable rate ($2.3MM in 2023/24; $4.2MM in ’24/25). He’ll be eligible for a rookie scale extension during the 2024 offseason and would be a restricted free agent in 2025 if he hasn’t signed a new deal by that point.

The Nuggets had been hoping to acquire a first-round pick or a defensive-minded wing in exchange for Hyland, but will have to settle for a pair of second-rounders for an asset whose value may have dipped as of late. Hyland was a DNP-CD in Denver’s last four games leading up to the trade deadline.

The Clippers have an open spot on their roster and have a trade exception available to absorb Hyland’s $2.2MM salary, so they won’t have to send a player to the Nuggets to complete this deal. That means Denver should open up a spot on their own 15-man squad.

Timberwolves To Waive Bryn Forbes

February 9th, 2023 at 12:52pm CST by Dana Gauruder

The Timberwolves are waiving guard Bryn Forbes, Jon Krawczynski of The Athletic tweets.

Minnesota needed to open up a roster spot to complete the agreed-upon three-team trade with the Lakers and Jazz. The Timberwolves are trading D’Angelo Russell to Los Angeles and bringing in guards Mike Conley and Nickeil Alexander-Walker,

Forbes was on a one-year, veteran’s minimum contract, so waiving him will not have any implications beyond this season.

The 29-year-old hadn’t seen much playing time with Minnesota. He appeared in 24 games off the bench, averaging 3.3 points in 10.6 minutes. Forbes appeared in a combined 75 regular season games with San Antonio and Denver last season.

A career 40.9 percent 3-point shooter, Forbes could be an interesting option for a contender looking for bench help once he clears waivers.

Raptors Acquire Jakob Poeltl From Spurs

February 9th, 2023 at 12:07pm CST by Arthur Hill

FEBRUARY 9: The trade is now official, the Raptors have announced in a press release.

FEBRUARY 8: The Spurs have agreed to trade center Jakob Poeltl to the Raptors in exchange for Khem Birch and draft assets, tweets ESPN’s Adrian Wojnarowski.

Sources tell Wojnarowski that San Antonio will receive the Raptors’ protected first-rounder in 2024, along with two future second-round picks. According to Michael Scotto of HoopsHype, the 2024 first-rounder will be top-six protected through 2026, while the second-rounders will be Toronto’s own in 2023 and 2025.

The ninth overall pick in the 2016 draft, Poeltl began his career in Toronto before being included in the blockbuster deal that sent Kawhi Leonard to the Raptors during the 2018 offseason.

He has spent the last four-and-a-half seasons in San Antonio and has steadily grown into a more well-rounded big man during that time, showing the ability to protect the rim on defense and to be a solid screen-setter and complementary scorer on offense.

Poeltl has played his best basketball since the start of the 2021/22 season, averaging 12.9 points, 9.2 rebounds, 2.9 assists, and 1.5 blocks per night in 113 games (27.8 MPG) during that stretch.

The center’s strong play made him a popular trade candidate this season for the Spurs, who are in the midst of a rebuild and are very much lottery-bound — their record dropped to 14-41 on Wednesday as a loss in Toronto extended their current losing streak to 10 games.

San Antonio was said to be seeking a pair of first-round picks for Poeltl, but will have to settle for a single first-rounder and two seconds for the 27-year-old, who will be an unrestricted free agent this summer after earning $9.4MM this season and is considered likely to warrant a commitment in the range of $15-20MM per year.

According to Wojnarowski (via Twitter), the Raptors – who have been in the market for a reliable center since the departures of Marc Gasol and Serge Ibaka in 2020 – intend to sign Poeltl to a new contract this summer. They’ll control his Bird rights, giving them the ability to offer him any amount up to the maximum without any cap restrictions.

It’s a fascinating move for a Raptors team that has been widely considered a probable seller leading up to Thursday’s trade deadline, with veterans like Fred VanVleet, Gary Trent Jr., and OG Anunoby frequently mentioned in trade rumors.

Previous reports had indicated that Toronto was generating some confusion among rival teams who were trying to figure out the club’s path at the deadline, and there was a sense that Masai Ujiri and his front office wouldn’t completely hit the reset button on the current roster.

More trades could come, since VanVleet and Trent can reach free agency this summer and the Raptors still have a glut of wings, but for now, they’ve at least addressed their hole at center and don’t appear prepared to throw in the towel on this season.

As for the Spurs, they continue to stockpile future first-round picks after acquiring a few last offseason as part of the return for Dejounte Murray. The expectation is that they’ll gather even more draft assets before Thursday’s deadline arrives, per Wojnarowski (Twitter link). Josh Richardson and Doug McDermott are among the veteran trade candidates still on the roster.

It’s unclear whether Birch will be part of the Spurs’ plans going forward. The 30-year-old center has appeared in just 20 games this season, averaging career lows in points (2.2), rebounds (1.3), and minutes (8.1) per contest. He’s earning approximately $6.7MM this season and has a guaranteed salary of nearly $7MM for 2023/24, so even if he’s waived before the fall, he would cut into San Antonio’s projected ’23 cap room.

Following the deal, the Spurs remain $25.6MM below the cap and $15.7MM under the salary floor for this season, according to ESPN’s Bobby Marks (Twitter links).

Luke Adams contributed to this story.

Matisse Thybulle To Blazers, Jalen McDaniels To Sixers In Three-Team Trade

February 9th, 2023 at 11:40am CST by Luke Adams

The Trail Blazers are in the process of finalizing a trade for Sixers defensive ace Matisse Thybulle, reports Chris Haynes of Bleacher Report (Twitter link).

According to ESPN’s Adrian Wojnarowski (Twitter links), it’ll be a three-team deal that also includes the Hornets, with forward Jalen McDaniels headed to Philadelphia and Charlotte acquiring multiple second-round picks. Veteran wing Svi Mykhailiuk, whom the Blazers agreed to acquire in the Josh Hart trade with New York, will be flipped to the Hornets in this deal, Woj adds (Twitter links).

Bobby Marks of ESPN (Twitter links) provides the full breakdown of the agreement:

Sixers to acquire McDaniels, the Knicks’ 2024 second-round pick (from Charlotte), and the Trail Blazers’ 2029 second-round pick.
Blazers to acquire Thybulle.
Hornets to acquire the most favorable of the Hornets’, Hawks’, and Nets’ 2023 second-round picks (from Philadelphia), the most favorable of the Pelicans’ and Blazers’ 2027 second-round picks (from Portland), and Mykhailiuk (from Portland).

In addition to adding a couple of second-round picks and a versatile forward in McDaniels, the Sixers will also dip under the luxury tax line with this move — they were previously $1.1MM over, but by swapping Thybulle ($4.38MM) for McDaniels ($1.93MM), they’ll now be about $1.35MM under.

McDaniels, 25, is having the most productive season of his four-year career. Through 56 games with Charlotte (21 starts, 26.7 MPG), he held averages of 10.6 PPG, 4.8 RPG, 2.0 APG and 1.2 SPG on .447/.332/.846 shooting. The former 52nd overall pick will be an unrestricted free agent in the summer, but the Sixers will hold his Bird rights if they want to re-sign him.

Jake Fischer of Yahoo Sports reported last month that the Blazers were targeting players athletic players with size and 3-and-D wings. While Thybulle isn’t a great shooter, he is a terrific athlete and was named to the All-Defensive Second Team in two of his first three seasons, so he fulfills some of what they were looking for.

Like Cam Reddish, whom the Blazers acquired in the Josh Hart deal, Thybulle will be a restricted free agent in the summer if Portland extends him a qualifying offer. The defensive stalwart was the 20th overall pick back in 2019.

Evidently the Hornets decided they didn’t want to pay McDaniels in the offseason and instead chose to add a couple of second-round picks. While they did give up one (New York’s 2024 pick), they also received two in return, with their own pick almost certain to come back to them (the Sixers controlled it from a previous trade). That pick will land in the early 30s, so it has solid value.

Mykhaliuk was also sent to Portland in the Hart deal and will now be rerouted to Charlotte. He has hardly played this season, but the Hornets will get a cheap flyer on him if they want to keep him around — he was drafted by GM Mitch Kupchak back in 2016 when the two were with the Lakers.

Rory Maher contributed to this post.

Lakers To Trade Thomas Bryant To Nuggets

February 9th, 2023 at 11:10am CST by Luke Adams

The Lakers and Nuggets have agreed to a trade that will send center Thomas Bryant to Denver in exchange for swingman Davon Reed and three second-round picks, reports Adrian Wojnarowski of ESPN (Twitter link).

According to Wojnarowski (via Twitter), the second-round picks are Denver’s own in 2025, 2026, and 2029. The Nuggets have now traded away all their second-rounders between 2025 and 2029.

Bryant, who signed a minimum-salary contract with the Lakers in the offseason, has filled in admirably as the Lakers’ starting center during Anthony Davis‘ injury absences this season, but has only played a modest backup role when Davis is healthy.

In 41 games (25 starts), Bryant has averaged 12.1 points and 6.8 rebounds in 21.4 minutes per contest. His .654% FG% is a career high, as is his .440 3PT% (albeit on limited volume).

Still, as long as Davis stays healthy, Bryant’s value to the Lakers wasn’t substantial, especially with newly acquired forward Jarred Vanderbilt expected to spend some time playing as a small-ball five. Los Angeles also has veteran big man Wenyen Gabriel for depth purposes up front and would have been limited in its ability to give Bryant a raise as a free agent this summer since the team only controlled his Non-Bird rights.

On top of all that, Bryant hadn’t been thrilled with his reduced role following Davis’ return, according to Ramona Shelburne of ESPN, who tweets that he asked the Lakers to look for a better situation for him.

It’s unclear if Reed will be in the Lakers’ plans going forward. He’s on a minimum-salary contract with a non-guaranteed salary in 2023/24 and hasn’t played much in Denver this season, averaging 2.3 PPG and 1.6 RPG on .313/.364/.750 shooting in 35 appearances (9.0 MPG). The second-round picks are the primary return for L.A. in the deal, essentially replacing the three second-rounders the club gave up for Rui Hachimura last month.

As for the Nuggets, they’ve been in the market for a reliable backup center behind two-time MVP Nikola Jokic, since offseason signee DeAndre Jordan hasn’t been a regular part of the rotation. Bryant should fill that role nicely, giving the team some extra frontcourt depth as it focuses on making a deep playoff run this spring.

As Bobby Marks of ESPN tweets, both teams will create small trade exceptions equivalent to the salaries of their outgoing players ($1.9MM for Denver; $1.84MM for L.A.). Neither the Nuggets nor the Lakers have to worry about salary-matching in the deal, since both players can be absorbed using the minimum salary exception.

Nets, Suns Agree On Kevin Durant Trade

February 9th, 2023 at 12:11am CST by Arthur Hill

The Suns will acquire Kevin Durant from the Nets in exchange for Mikal Bridges, Cameron Johnson, four first-round picks and more draft consideration, tweets Shams Charania of The Athletic.

Jae Crowder, who has been sitting out since training camp in hopes of being traded, will also go to Brooklyn in the deal, Charania adds (Twitter link).

ESPN’s Adrian Wojnarowski reports (via Twitter) that Nets forward T.J. Warren will be part of the trade as well, and the additional draft consideration is a first-round pick swap in 2028. According to Woj, Durant wanted to be dealt to Phoenix, and new Suns owner Mat Ishbia pushed to get the deal completed tonight.

Brooklyn will receive unprotected first-rounders in 2023, 2025, 2027 and 2029, a source tells Wojnarowski. The trade will help to replenish the Nets’ draft assets after they sent multiple picks and pick swaps to Houston to acquire James Harden in 2021.

The Suns were on Durant’s short list of preferred destinations when he issued a trade demand last summer. Although Phoenix was among the teams that submitted offers to Brooklyn, no progress was made at the time and Durant eventually rescinded the demand before the start of training camp.

At age 34, Durant remains among the league’s best players, averaging 29.7 points, 6.7 rebounds and 5.3 assists per game while lifting the Nets into a tight race for the best record in the East before suffering a sprained MCL in his right knee last month. Durant is expected to be sidelined until after the All-Star break, but Brooklyn coach Jacque Vaughn said he received “a really good report” from doctors this week.

Durant still has three seasons remaining on the four-year extension he signed with the Nets in 2021, which led to speculation that the team didn’t feel any immediate pressure to trade him. Brooklyn had reportedly been telling teams that have called about Durant that he wasn’t being made available before the deadline.

A 13-time All-Star, Durant will earn $46.4MM, $49.9MM and $53.5MM over the next three seasons. He will team with Devin Booker, Chris Paul, Deandre Ayton, and the Suns’ remaining assets in hopes of bringing a title to Phoenix. Ironically, there was a report earlier this week that the Suns offered Paul to Brooklyn in hopes of landing Kyrie Irving.

The Durant-Irving pairing that seemed to make the Nets an instant contender when they both signed as free agents in 2019 will officially end with trades just a few days apart. Injuries limited their time on the court together, even when Harden was added to form a Big Three, and they managed to win just one playoff series as teammates, although they had a narrow loss to the eventual champion Bucks in 2021.

The Nets no longer have elite talent on their roster, but Bridges and Johnson have both been valuable during their time in Phoenix, and they join a team that has managed to remain competitive even with Durant and Irving in and out of the lineup.

Bridges, 26, is a strong defender and long-distance shooter and is under contract for three more years at a total of about $70MM. Johnson, also 26, is an elite three-point shooter who is headed for free agency this summer. The Nets can make him restricted with a qualifying offer worth around $8MM.

The trade ends Crowder’s long standoff with Phoenix, but Brooklyn may not be his final stop before the deadline. Wojnarowski tweets that the Nets plan to explore opportunities to move him to other teams.

The deal provides a homecoming for Warren, who spent his first five seasons with the Suns. He signed with Brooklyn in July and has managed to bounce back after missing most of the past two seasons with left foot issues.