Transactions Rumors | Hoops Rumors

Jazz Waive Leandro Bolmaro

February 16th, 2023 at 7:30pm CST by Rory Maher

7:30pm: Bolmaro actually reached a buyout agreement with the Jazz, reports Eric Walden of The Salt Lake Tribune (via Twitter). Bolmaro wanted to return to Europe in order to get playing time and Utah accommodated his request, per Walden.

4:55pm: The Jazz have officially waived Bolmaro, per NBA.com’s transaction log. Utah now has 13 players on standard contracts and will have up to two weeks to add a 14th man.

2:24pm: The Jazz intend to waive Leandro Bolmaro, sources tell Shams Charania and Tony Jones of The Athletic (Twitter link).

Bolmaro, a 6’6″ guard from Argentina, was the 23rd overall pick of the 2020 draft, but wound up signing his contract a year later, so he’s only in his second NBA season. The Jazz declined their third-year team option on the 22-year-old before the 2022/23 season began, which indicated that he might not be in Utah’s long-term plans.

As Andy Larsen of The Salt Lake Tribune notes (via Twitter), the Jazz’s backcourt was shorthanded during Wednesday’s loss to Memphis — Russell Westbrook is away from the team as he explores his options, and Collin Sexton exited the game early with a left hamstring injury (Twitter link via Larsen). The fact that Utah opted not to use Bolmaro in that situation was a pretty ominous sign.

Larsen has heard the Spurs may have been interested in Bolmaro in the past. San Antonio’s 17-man roster is full at this point, however.

Bolmaro spent his rookie season with the Timberwolves, but was sent to Utah as part of the Rudy Gobert trade. In 49 career games, including 14 this season with the Jazz, Bolmaro has averaged just 6.3 minutes per contest.

If he clears waivers, the former first-round pick will receive $2,471,160 from Utah and will become an unrestricted free agent.

Julian Champagnie Claimed Off Waivers By Spurs

February 16th, 2023 at 6:02pm CST by Rory Maher

6:02pm: San Antonio confirmed in an email that it claimed Champagnie. He will wear No. 30 for the Spurs.

4:20pm: The Spurs have claimed Julian Champagnie off waivers, sources tell ESPN’s Adrian Wojnarowki (Twitter link).

An undrafted rookie out of St. John’s, Champagnie had been with Philadelphia on a two-way contract, but he was recently waived in favor of Mac McClung. The Spurs have an open two-way spot, so they won’t need to release anyone to acquire Champagnie.

The 21-year-old spent three college seasons with the Red Storm, averaging 19.2 PPG, 6.6 RPG, 2.0 APG, 2.0 SPG and 1.1 BPG on .414/.337/.781 shooting in 31 games (34.2 MPG) as a junior. He only appeared in two games with the Sixers for a total of seven minutes, having spent the majority of his first pro season with their G League affiliate, the Delaware Blue Coats.

The 6’8″ forward had an impressive run during the fall Showcase Cup, averaging 21.9 PPG, 7.0 RPG, 1.1 SPG and 1.2 BPG on .465/.347/.839 shooting in 14 games (35.1 MPG). His numbers have declined since the regular season began, with Champagnie recording 14.3 PPG, 5.7 RPG and 0.9 BPG on .419/.352/.875 shooting in 18 games (28.7 MPG) for the Blue Coats.

The Spurs now have a full 15-man standard roster and both two-way slots filled — Dominick Barlow occupies the other.

Kevin Love, Cavaliers Nearing Buyout Agreement

February 16th, 2023 at 12:11am CST by Alex Kirschenbaum

Longtime Cavaliers power forward Kevin Love is working toward a buyout agreement with the team, sources inform Shams Charania and Jason Lloyd of The Athletic.

Love is currently making $28.9MM in the final season of a four-year, $120MM contract extension he signed with the team in 2018. The deal kicked in the following season.

According to The Athletic’s writers, the Heat are already said to be interested in procuring Love’s services. Given Miami’s issues with floor spacing and its lack of traditionally sized power forwards, this would feel like a natural fit.

The 34-year-old big man has been with the Cavaliers since he was traded to the club by the Timberwolves ahead of the 2014/15 NBA season.

Love, a five-time All-Star, won a title in Cleveland in 2016 alongside All-Stars LeBron James and Kyrie Irving. As Charania and Lloyd note, the former No. 5 pick out of UCLA was the only remaining player from that title team who was part of the exciting ’22/23 club that is currently the fourth seed in the East.

The 6’10” vet had fallen out of Cleveland rotation last month around the same time Dean Wade returned from a shoulder injury. Love played what could be his last game for the team on January 24, a 105-103 loss to the Knicks.

Even before that, Love had taken more of a backseat to Cleveland’s starting frontcourt tandem of Evan Mobley and Jarrett Allen this season. 6’7″ Cedi Osman has taken on more minutes as the team’s de facto reserve power forward of late.

Across 41 games while still in the team’s rotation, Love posted averages of 8.5 PPG and 6.8 RPG, with shooting splits of .389/.354/.889.

Justin Holiday Signs With Mavs After Buyout With Rockets

February 15th, 2023 at 5:14pm CST by Rory Maher

FEBRUARY 15: Holiday’s new contract with the Mavericks is official, the team announced (via Twitter).

FEBRUARY 13, 9:05pm: Holiday has officially been waived by the Rockets, according to the NBA transactions log.

FEBRUARY 13, 12:17pm: Veteran swingman Justin Holiday has reached a buyout agreement with the Rockets and intends to sign with the Mavericks after he clears waivers, sources tell Brian Windhorst of ESPN.

Marc Stein reported Sunday evening (via Twitter) that the Mavs would be interested in Holiday if he was bought out by Houston. Dallas was also reportedly interested in Terrence Ross, who plans to sign with the Suns after being bought out by Orlando. However, according to Tim MacMahon of ESPN, Holiday was the Mavs’ top potential buyout target (Twitter link).

Holiday, 34, was sent to Houston from Atlanta as part of a cost-cutting trade by the Hawks. Now in his 10th season, Holiday didn’t get much playing time with Atlanta in 2022/23, making 28 appearances while averaging 4.5 points in 14.7 minutes per game.

A report after the trade indicated that the Rockets were interested in keeping Holiday around, perhaps even beyond this season. Obviously that didn’t work out, with Holiday spotted having an extended conversation with coach Stephen Silas during Monday’s shootaround (Twitter link via Kelly Iko of The Athletic).

The Mavs dealt away Dorian Finney-Smith as part of the Kyrie Irving trade, so Holiday will provide some additional depth on the wing. Dallas technically has a full 15-man roster, but big man Chris Silva is only on a 10-day deal — if Dallas wants to sign Holiday before the All-Star break, Silva’s contract would likely be ended early to make room for the newcomer.

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.