Transactions Rumors | Hoops Rumors

Hawks, Rockets Finalize Four-Player Swap

February 9th, 2023 at 7:04pm CST by Dana Gauruder

7:04pm: The trade is now official, the Rockets and Hawks formally confirmed in a pair of press releases.

1:33pm: The Hawks are trading Justin Holiday and Frank Kaminsky to the Rockets for Garrison Mathews and Bruno Fernando, ESPN’s Adrian Wojnarowski tweets.

The Rockets are also acquiring two second-round picks that the Thunder owed the Hawks in 2024 and 2025, Kelly Iko of The Athletic tweets.

The trade provides some salary cap relief for Atlanta. Holiday is making approximately $6.3MM and Kaminsky is on a veteran’s minimum deal (approximately $2.46MM). Fernando ($2.7MM) and Mathews ($2MM) have non-guaranteed contracts for next season, Bobby Marks of ESPN tweets. There’s also a team option on Matthews’ contract for 2024/25.

None of the players in the deal were playing significant minutes. Holiday has played in 28 game this season, averaging 4.5 points in 14.7 minutes. Kaminsky has seen spot duty in 26 games.

Fernando has played 30 games (four starts) this season, averaging 4.0 points and 3.7 rebounds in 11.7 minutes. Mathews has appeared in 45 games off the bench this season, averaging 4.8 points in 13.4 minutes.

The 34th overall pick in 2019, Fernando spent his first two seasons in Atlanta, so the Hawks are familiar with him as a person and player.

Kevin Durant Trade Officially Completed As Four-Team Deal

February 9th, 2023 at 5:51pm CST by Luke Adams

Kevin Durant has officially been traded from Brooklyn to Phoenix, according to press releases from the Suns and Nets.

The blockbuster trade has been combined with the three-team trade agreement involving the Bucks, Nets, and Pacers that sends Jae Crowder to Milwaukee, turning the two deals into a single four-team transaction.

It breaks down as follows:

Suns acquire Durant and T.J. Warren.
Nets acquire Mikal Bridges, Cameron Johnson, the Suns’ 2023 first-round pick (unprotected), the Suns’ 2025 first-round pick (unprotected), the Suns’ 2027 first-round pick (unprotected), the Suns’ 2029 first-round pick (unprotected), the right to swap first-round picks with the Suns in 2028, the Bucks’ 2028 second-round pick, the Bucks’ 2029 second-round pick, and the draft rights to Juan Pablo Vaulet (from Pacers).
Bucks acquire Crowder.
Pacers acquire Jordan Nwora, George Hill, Serge Ibaka, either the Bucks’ 2023 second-round pick or the least favorable of the Cavaliers’ and Warriors’ 2023 second-round picks (whichever is most favorable), the Bucks’ 2024 second-round pick, their own 2025 second-round pick (from Bucks; it was traded away in a prior deal), and cash (from Nets).

“Today is a transformative day for this organization,” new Suns owner Mat Ishbia said in a statement. “We are thrilled to welcome Kevin and T.J. to the Valley as we build a championship culture both on and off the court.

“Not only is Kevin one of the greatest and most accomplished players in the history of the sport, but his character also embodies the world class commitment to excellence we are instilling across every facet of this organization. T.J. is a natural leader whose work ethic and commitment to getting better every day make him an important addition to the team as he returns to the Valley. Phoenix will be one of the best organizations in all of sports and we are so excited to start our journey with this incredibly dynamic team.”

Nets general manager Sean Marks offered a statement of his own in Brooklyn’s press release:

“After thorough evaluation of the best path forward, we believe making this trade now positions the franchise for long-term success. Mikal and Cam are elite, ascending, versatile wings, plus the draft capital provides us additional avenues to continue to acquire talent. We remain steadfast in our commitment to building the team Brooklyn deserves. We are excited to welcome Mikal, Cam and their families to Brooklyn and thank Kevin for the moments and memories he delivered our fanbase.”

As expected, the Pacers waived Goga Bitadze and Terry Taylor to accommodate their new additions. The team also waived veteran forward James Johnson, per a press release. All three players will become unrestricted free agents if they clear waivers this weekend. Indiana will also cut Ibaka, as we previously relayed.

Because they no longer have to take on Crowder’s salary, the Nets will create a trade exception worth $18MM+ for Durant instead of $8MM, notes Yossi Gozlan of HoopsHype (Twitter link).

For more details on the trade, be sure to read our previous stories breaking down the Durant and Crowder trades.

Lakers, Nuggets, Magic, Clippers Roll Three Trade Agreements Into Single Deal

February 9th, 2023 at 5:35pm CST by Luke Adams

5:35pm: The four-team trade is now official, according to a press release from the Magic.

4:46pm: The Lakers, Nuggets, Magic, and Clippers will combine three separately reported trade agreements into a single four-team trade, according to Khobi Price of The Orlando Sentinel (Twitter links).

As Price explains, the Patrick Beverley/Mohamed Bamba swap between the Lakers and Magic, the deal sending Bones Hyland from the Nuggets to the Clippers, and the Nuggets’ acquisition of Thomas Bryant from the Lakers are the trades affected. The new-look deal is as follows:

Lakers to acquire Bamba, Davon Reed, the Clippers’ 2024 second-round pick, and the Clippers’ 2025 second-round pick.
Magic to acquire Beverley, the Nuggets’ 2024 second-round pick, and cash.
Clippers to acquire Hyland.
Nuggets to acquire Bryant.

The original terms of the trades called for the Clippers to send their 2024 and 2025 second-round picks to Denver for Hyland, with the Nuggets sending their own 2025, 2026, and 2029 second-rounders to the Lakers for Bryant and the Lakers sending an unspecified second-round pick to the Magic in the Beverley/Bamba swap.

Under the new terms of the deal, the two Clippers picks will be rerouted from the Nuggets (for Hyland) to the Lakers (for Bryant). Denver will keep its 2025, 2028, and 2029 second-rounders. The third pick the Nuggets are sending out for Bryant is now Denver’s 2024 second-rounder — it will be flipped from the Lakers to the Magic for Bamba.

The Magic won’t require Beverley to report to the team, according to Price, which is a strong signal they intend to buy him out or simply waive him.

Trail Blazers To Waive Greg Brown III

February 9th, 2023 at 4:48pm CST by Rory Maher

The Trail Blazers intend to waive Greg Brown III, a source tells Chris Haynes of Bleacher Report (Twitter link).

Portland was very active ahead of the trade deadline, and while the team had an open roster spot, it is acquiring three players for one as part of the Josh Hart deal, so Brown will be the odd man out.

Still just 21 years old, Brown was the 43rd overall pick in 2021 after spending one college season at Texas. The raw, athletic forward has only made 16 appearances for a total of 93 minutes in 2022/23.

Brown was a highly touted prospect entering college, but hasn’t found much success in the pros in his first two seasons. He holds career averages of 4.0 PPG and 2.4 RPG on .422/.294/.636 shooting in 64 games (11.5 MPG).

Brown will receive his full $1.54MM salary for ’22/23, but his deal was non-guaranteed next season, so waiving him will only affect Portland’s cap for this season.

Boban Marjanovic To Be Waived, Re-Signed By Rockets

February 9th, 2023 at 4:38pm CST by Rory Maher

The Rockets intend to waive and then re-sign Boban Marjanovic, according to Jonathan Feigen of The Houston Chronicle (subscriber link).

Houston is receiving two players as part of the Eric Gordon trade and needs to release one from its current roster to finalize the deal, and Marjanovic will temporarily be the odd man out, Feigen writes.

However, assuming he goes through the waiver wire without getting claimed (which is a formality, as he makes $3.5MM and seldom plays), the Rockets will re-sign Marjanovic to a minimum-salary contract and retain his Bird rights, a person with knowledge of the situation tells Feigen.

The 34-year-old backup center will earn an additional $1MM this season as part of the moves, Feigen adds. Marjanovic has only appeared in 17 games for a total of 72 minutes this season, but he’s held in high regard as a locker room presence.

Bucks Acquire Jae Crowder In Three-Team Deal

February 9th, 2023 at 4:24pm CST by Rory Maher

[UPDATE: This trade was folded into the Durant blockbuster and turned into a four-team deal. It’s now official.]

4:24pm: Eric Nehm of The Athletic has the details on the second-round picks the Bucks are trading in the three-team deal. They are as follows:

To the Pacers:

Either the Bucks’ own 2023 second-round pick or the least favorable of the Cavaliers’ and Warriors’ 2023 second-round pick.
- Note: If the season ended today, the Bucks would get the Cavaliers’ second-round pick (which is less favorable than the Warriors’ pick) and then would send the Cavs’ pick to Indiana, since it’s more favorable than Milwaukee’s second-rounder.
The Bucks’ own 2024 second-round pick.
The Pacers’ 2025 second-round pick (which was traded to Milwaukee in a prior deal).

To the Nets:

The Bucks’ 2028 second-round pick.
The Bucks’ 2029 second-round pick.

As we relayed in a separate story, Terry Taylor is also being waived by the Pacers to help accommodate the incoming players.

11:05am: Veteran forward Jae Crowder is being traded to the Bucks, according to Shams Charania of The Athletic (Twitter link), who reports that the Nets have agreed to a trade that will send Crowder to Milwaukee, with the Bucks giving up a total of five second-round picks.

Sources tell Charania (via Twitter) that it will be a three-team trade, with Bucks forward Jordan Nwora and two second-round picks (via the Bucks) heading to the Pacers. Indiana is waiving reserve center Goga Bitadze to make room for Nwora, Charania adds (Twitter link).

In addition, the Pacers will receive guard George Hill, an Indianapolis native who had a previous five-year stint with Indiana, and a third second-round pick, ESPN’s Adrian Wojnarowski reports (via Twitter). Center Serge Ibaka will also be heading to the Pacers, per Charania (Twitter link). Both players were previously on the Bucks.

Here’s the deal as we know it so far, with bits and pieces coming in over time:

Bucks receive Crowder ($10.18MM)
Nets receive two second-round picks via Milwaukee (not confirmed), save a ton of money toward the luxury tax
Pacers receive Nwora ($3MM), Hill ($4MM), Ibaka ($2.9MM salary, $1.8MM cap hit) and three second-rounders (not confirmed) via Milwaukee; will waive Bitadze.

The Pacers are one of only two NBA teams with cap space available — the Spurs are the other — so they can take on money without having to worry about matching salaries. As the deal stands, Indiana will have to waive two more players and its cap space is down to $1.9MM, tweets Yossi Gozlan of HoopsHype. Only Nwora is under contract beyond this season — Hill and Ibaka are on expiring deals.

Crowder, 32, has sat out the entire 2022/23 season while awaiting a trade. He was sent to the Nets as part of the blockbuster trade that will send Kevin Durant to Phoenix, and now will be rerouted to Milwaukee.

The Bucks had been linked to Crowder for months in trade rumors — they were recently granted permission to speak with him, and now they are finally acquiring him.

In 67 games (28.1 MPG) with Phoenix in ’21/22, Crowder averaged 9.3 PPG, 5.3 RPG, 1.9 APG and 1.4 SPG on .399/.348/.789 shooting. He makes $10.18MM in the final year of his contract.

According to John Gambadoro of Arizona Sports 98.7 FM (Twitter link), Suns head coach Monty Williams spoke to Crowder over the summer to inform him that Cameron Johnson (who was also sent to the Nets in the Durant deal) would be the starting power forward in ’22/23.

Crowder responded by saying he would prefer a contract extension or a trade. Evidently Williams found the 3-and-D specialist “too difficult to manage” and preferred to have him away from the team, per Gambadoro.

Bitadze is earning $4.77MM in the final season of his rookie scale contract. The former 18th overall pick has only appeared in 21 games for an average of 9.6 minutes per contest this season. He will become an unrestricted free agent if he clears waivers.

Nwora, meanwhile, was the 45th overall pick of the 2020 draft. He re-signed with the Bucks on a two-year, $6.2MM contract in the offseason, but hasn’t played much, appearing in 38 games with averages of 6.0 PPG and 3.1 RPG in 15.7 MPG.

The 24-year-old has some offensive upside — he has converted 37.6% of his career three-pointers, including 39.2% this season. However, he’s a subpar defender and obviously wasn’t in the Bucks’ long-term plans. The Pacers will be taking a flyer on him in addition to adding a trio of second-rounders.

Ibaka seems likely to be bought out or waived by the Pacers and headed elsewhere as a free agent. Hill is less certain — as previously mentioned, he likely he has fans in the organization due to his previous run with the team.

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.