Transactions Rumors | Hoops Rumors

Pacers Sign James Wiseman To Two-Year Contract

July 5th, 2024 at 3:23pm CST by Luke Adams

JULY 5: The Pacers have officially signed Wiseman, according to the NBA’s transaction log.

The fact that the deal is official during the July moratorium is confirmation that it’s a minimum-salary contract. It’s partially guaranteed in year one, with a second-year team option, tweets Tony East of SI.com.

JULY 2: Former No. 2 overall pick James Wiseman is headed to Indiana, according to Adrian Wojnarowski of ESPN, who reports (via Twitter) that the Pacers and the free agent center have reached an agreement on a two-year deal.

Wiseman, 23, was selected by the Warriors one pick after Anthony Edwards and one pick before LaMelo Ball in the 2020 draft. However, he struggled to find his fit on Golden State’s veteran roster, then missed his entire 2021/22 second season due to a knee injury, which slowed his development.

The big man was traded to Detroit midway through his third season in 2023 and has spent the last season-and-a-half with the Pistons. In 2023/24, he appeared in 63 games (six starts), averaging 7.1 points, 5.3 rebounds, and 0.6 blocks in 17.3 minutes per night.

When Wiseman failed to meet the “starter criteria” entering his free agency, the value of his qualifying offer dropped from $15.8MM to about $7.7MM, but the Pistons still opted against tendering him a QO. That gave him the ability to sign with any team as an unrestricted free agent.

Wiseman will join a Pacers team coming off a trip to the Eastern Conference finals. He figures to slot in behind starting center Myles Turner and backup Isaiah Jackson on the depth chart this fall, vying with Jackson for rotation minutes and giving Indiana some additional depth at the five following the departure of Jalen Smith to Chicago.

While Wojnarowski’s report doesn’t provide any details on Wiseman’s salary, a minimum deal seems likely, given the Pacers’ proximity to the luxury tax. Indiana technically has the mid-level and bi-annual exception available, but using the full BAE or a chunk of the MLE would push team salary over the tax line and could create a hard cap at the first apron.

Jazz Sign Taevion Kinsey To Two-Way Contract

July 5th, 2024 at 3:22pm CST by Rory Maher

3:22pm: Kinsey has officially signed his two-way contract, according to the NBA’s transaction log. It’s a two-year deal, Hoops Rumors has learned.

8:08am: Free agent guard Taevion Kinsey has agreed to a two-way contract with the Jazz, sources tell Shams Charania of The Athletic and Stadium (Twitter link).

Kinsey, 24, went undrafted in 2023 after playing five college seasons at Marshall. As a “super senior” for the Thundering Herd in 2022/23, he averaged 22.1 PPG, 5.4 APG, 4.9 RPG and 1.7 SPG on .542/.404/.744 shooting in 32 games (37.8 MPG), earning Sun Belt Player of the Year for his efforts.

A 6’5″ wing, Kinsey signed a training camp deal with Utah last summer and was waived in October before the ’23/24 season began. He wound up signing a 10-day contract with the Jazz in March, but he didn’t appear in a game.

Kinsey spent the grand majority of his first pro season playing for the Jazz’s NBA G League affiliate, the Salt Lake City Stars. In 50 Showcase Cup and regular season games with the Stars (29.6 MPG), he averaged 10.8 PPG, 3.2 RPG and 2.1 APG while posting a strong shooting line of .555/.427/.780.

Raptors Re-Sign Garrett Temple

July 5th, 2024 at 2:57pm CST by Luke Adams

July 5: Temple’s minimum-salary contract is official, according to the transactions log at NBA.com.

July 1: Veteran swingman Garrett Temple is returning to the Raptors for the 2024/25 season, according to Adrian Wojnarowski of ESPN, who reports (via Twitter) that it’ll be a one-year deal for Temple.

While Wojnarowski’s report doesn’t provide any additional details on the agreement, it would be surprising if Temple signs for a salary higher than the veteran’s minimum.

Temple, 38, played for 11 teams across 13 NBA seasons before joining Toronto as a free agent last summer. He played sparingly for the Raptors, averaging 3.3 points, 1.7 rebounds, and 1.0 assists in 10.7 minutes per game across 27 appearances.

While Temple’s on-court contributions were modest, he was an “important voice in the locker room” for the young Raptors, says Josh Lewenberg of TSN.ca (Twitter links). With the club seemingly prepared to get even younger after drafting four prospects last week, Temple’s role behind the scenes will be “essential,” Lewenberg adds.

Over the course of his 14-year NBA career, Temple has averaged 6.1 PPG, 2.3 RPG, and 1.7 APG in 743 regular season games. He serves as a vice president on the National Basketball Players Association.

Pacers, Keisei Tominaga Agree To Exhibit 10 Deal

July 5th, 2024 at 6:56am CST by Luke Adams

Undrafted Japanese guard Keisei Tominaga has agreed to join the Pacers on an Exhibit 10 contract, reports Jonathan Givony of ESPN (Twitter link).

Tominaga, who initially declared for the draft in 2023 before returning to Nebraska for his “super-senior” season, averaged 15.1 points, 2.3 rebounds, and 1.4 assists in 26.1 minutes per game across 32 outings (all starts) for the Cornhuskers in 2023/24. A strong outside shooter, he made 37.6% of 6.3 three-point attempts per contest after knocking down 40.0% of his threes a year earlier.

An Exhibit 10 contract is a non-guaranteed minimum-salary deal that doesn’t count against a team’s cap unless the player makes the regular season roster. It can be converted to a two-way contract before the season begins or can put a player in line to earn a bonus of up to $77.5K if he’s waived and then spends at least 60 days with his team’s G League affiliate.

Tominaga is the second undrafted rookie to reach an agreement on an Exhibit 10 deal with the Pacers — they’re also bringing aboard Tennessee’s Josiah-Jordan James.

Raptors Announce Several Signings, Including First-Rounder Walter

July 4th, 2024 at 2:36pm CST by Luke Adams

The Raptors have announced a series of signings, confirming in a pair of press releases that they’ve signed second-round picks Jonathan Mogbo and Jamal Shead to standard contracts and undrafted free agent Branden Carlson to a two-way deal. Those agreements were all previously reported.

The team also announced that it has signed first-round pick Ja’Kobe Walter to his rookie scale contract.

The 6’5″ Walter was one of the top recruits in the nation heading into college. He made an immediate impact with the Bears as a freshman in 2023/24, starting all 35 games he played and averaging 14.5 points, 4.4 rebounds and 1.4 assists while shooting 37.6% from the field and 34.1% from three-point range. He was named Big 12 Freshman of the Year and earned third-team all-conference honors.

As the No. 19 pick in the draft, Walter figures to earn about $3.47MM salary as a rookie and $16.79MM across the entirety of his four-year contract. Those numbers assume he signed for 120% of the rookie scale amount, which almost every player does.

With Walter, Mogbo, and Shead all signed, the Raptors are up to 13 players on guaranteed standard contracts, with Immanuel Quickley and Garrett Temple expected to fill the 14th and 15th roster spots once their deals are official.

The team’s other draftee, No. 57 pick Ulrich Chomche, is considered likely to end up on a two-way deal, tweets Josh Lewenberg of TSN.ca. However, the team is still waiting to officially acquire Chomche and can’t complete that signing yet.

Knicks Sign Tyler Kolek To Four-Year Contract

July 4th, 2024 at 2:19pm CST by Rory Maher

The Knicks have signed rookie guard Tyler Kolek to a four-year, $9.06MM contract, a league source tells Fred Katz of The Athletic (Twitter link).

The transaction was completed using the second-round pick exception. Kolek will earn the maximum possible salary over the first three years, which are guaranteed, per Katz. The fourth year is a team option.

New York acquired the rights to Kolek, the 34th overall pick in last month’s draft, by trading three future second-rounders to Portland.

A 23-year-old point guard, Kolek had an impressive senior season for Marquette in 2023/24, averaging 15.3 PPG, 4.9 RPG, 7.7 APG and 1.2 SPG on .496/.388/.851 shooting in 31 games (33.0 MPG).

Sixers Sign Jared McCain To Rookie Scale Contract

July 4th, 2024 at 2:15pm CST by Luke Adams

The Sixers have officially signed first-round pick Jared McCain to his first NBA contract, the team announced today in a press release.

The 16th overall pick last Wednesday, McCain declared for the draft as an early entrant following his freshman year at Duke. In 36 games (all starts), he averaged 14.3 points, 5.0 rebounds, 1.9 assists, and 1.1 steals in 31.6 minutes per contest, with a shooting line of .462/.414/.885.

Assuming McCain signed for the maximum allowable 120% of the rookie scale amount for the No. 16 pick, he’ll earn about $4.02MM as a rookie and $19.45MM across a total of four seasons, assuming his third- and fourth-year options are eventually exercised.

Signing McCain before completing their other roster moves doesn’t affect Philadelphia’s cap room, since the team already had to account for a cap hold for the 6’3″ guard equivalent to 120% of his rookie scale amount.

Suns Sign Oso Ighodaro To Four-Year Contract

July 4th, 2024 at 1:58pm CST by Luke Adams

The Suns have signed second-round pick Oso Ighodaro to a four-year contract using the second-round exception, according to ESPN’s Bobby Marks, who reports (via Twitter) that the deal is worth approximately $7.9MM.

According to Michael Scotto of HoopsHype (Twitter link), the contract will be fully guaranteed for the first two seasons, with a partial guarantee in year three and a team option for year four. The $7.9MM total suggests it will be worth the minimum across all four seasons.

The No. 40 overall pick last week, Ighodaro was involved in a series of draft-night trades that ultimately saw him land in Phoenix. The Marquette forward, who spent four college seasons with the Golden Eagles, averaged 13.4 points, 6.9 rebounds, 2.9 assists, 1.3 blocks, and 1.1 steals in 32.5 minutes per game in 2023/24, starting all 36 games he played and making 57.6% of his shot attempts from the floor.

While the Suns are on track to pay a significant luxury tax bill next year, Ighodaro’s contract will create some savings for the team, since he’ll only count for $1,157,153 for cap and tax purposes. A veteran’s minimum-salary contract in that roster spot would have come in at $2,087,519, increasing Phoenix’s tax bill by a few extra million dollars.

Warriors To Acquire Buddy Hield In Sign-And-Trade With Sixers

July 4th, 2024 at 1:55pm CST by Rory Maher

1:55pm: The Hield acquisition will indeed be part of a five-team mega-trade involving Golden State, Dallas, Charlotte, Minnesota and Philadelphia, sources tell Anthony Slater of The Athletic (Twitter link).

1:19pm: The Warriors are acquiring Buddy Hield in a sign-and-trade with the Sixers, according to Shams Charania of The Athletic and Stadium (Twitter link).

Golden State will be sending Philadelphia a 2031 second-round pick (via Dallas) as part of the transaction, sources tell Charania (Twitter link).

The second-rounder being sent to the 76ers is being acquired as part of the Klay Thompson sign-and-trade with the Mavs. That suggests the series of moves could still be folded together into one multi-team mega-deal.

According to ESPN’s Adrian Wojnarowski (Twitter link), Hield will receive a four-year contract that will pay him a guaranteed $18MM over the first two seasons. The deal will reportedly feature an additional $3MM in guaranteed money, with a fourth-year player option that’s not fully guaranteed. It will start at $8.7MM in year one, per The Athletic, which suggests the total value will be over $37MM, assuming 5% annual raises.

Charania reported on Tuesday night that the Warriors were pursuing Hield, and now a sign-and-trade agreement has come to fruition.

In 2023/24, Hield appeared in a league-high 84 regular season games, exceeding the typical 82-game limit as a result of a midseason trade that sent him from Indiana to Philadelphia. He averaged 12.1 points, 3.2 rebounds, and 2.8 assists in 25.7 minutes per game for the Pacers and Sixers, with a .386 3PT%.

Hield, 31, has never been known for his defense, but he’s a top-tier floor spacer, with a career mark of 40.0% from long distance (on high volume). He ranked No. 24 on our list of 2024’s top 50 free agents.

The Warriors have been very busy this offseason, agreeing to sign De’Anthony Melton to a one-year deal and to acquire both Kyle Anderson and Hield in the wake of Thompson’s departure.

Hield is currently competing for his home country, the Bahamas, in an Olympic qualifying tournament in Spain. If the team wins the tournament (it has already advanced to the semifinal), the Bahamas would advance to the 2024 Olympics in Paris, which begin at the end of July.

Cap expert Yossi Gozlan projects the Warriors, who are hard-capped at the first tax apron, to be right near that salary threshold ($178.1MM) with 14 players under contract (Twitter link).

The Sixers won’t create a trade exception as part of the transaction, since they’re operating under the cap.

Knicks Sign First-Rounder Dadiet For Less Than Standard Rookie Scale Amount

July 4th, 2024 at 1:42pm CST by Luke Adams

1:42pm: Katz provides some additional details on Dadiet’s contract, tweeting that only the first year will be at 80% of the rookie scale amount, with years two through four jumping to 120%.

All told then, Dadiet’s deal will be worth $13,012,968 (instead of $13,917,008) over four years.

12:33pm: The Knicks have finalized a buyout with Ratiopharm Ulm, Pacome Dadiet‘s team in Germany, clearing the way for them to sign their first-round pick to his rookie scale contract, reports Michael Scotto of HoopsHype (Twitter link).

Interestingly, according to Fred Katz of The Athletic (Twitter link), the Knicks have signed Dadiet to a contract that will be worth 80% of the standard rookie scale amount for the No. 25 pick, instead of the usual 120%. That’s the minimum allowed for a first-round pick.

As our breakdown of rookie scale salaries shows, a “maximum” rookie scale contract for Dadiet would’ve started at $2,712,120. However, 80% of his rookie scale amount will work out to a first-year salary of $1,808,080. As Katz notes, that’ll give the team about $904K in extra spending flexibility below its second-apron hard cap for 2024/25.

An NBA team is permitted to pay up to $850K to a player’s international team as part of a buyout agreement in 2024/25 without that amount counting against its cap. The NBA club would be permitted to pay more than that, but any amount above $850K would count against the player’s cap hit. For instance, a $1MM buyout for a player who will earn a $2MM salary would result in a $2,150,000 cap hit.

League sources tell Ian Begley of SNY.tv (Twitter link) that the Knicks, not coincidentally, paid exactly $850K to Ratiopharm Ulm, meaning Dadiet’s cap hit will be equivalent to his salary and won’t include any portion of his buyout.

This is likely an arrangement the Knicks discussed with Dadiet and his representatives before selecting him rather than springing a lower offer on him after drafting him.

The 18-year-old French wing averaged 6.4 points and 1.6 rebounds in 14.9 minutes per game across 18 EuroCup appearances for Ulm last season.