Transactions Rumors | Hoops Rumors

Sandro Mamukelashvili Returns To Spurs On One-Year Deal

July 22nd, 2024 at 2:35pm CST by Dana Gauruder

JULY 22: The Spurs have officially re-signed Mamukelashvili, the team confirmed today in a press release.

JULY 16: Sandro Mamukelashvili is re-signing with the Spurs on a one-year, $2.2MM deal, ESPN’s Adrian Wojnarowski tweets. That’s equivalent to Mamukelashvili’s minimum salary for 2024/25.

The Spurs pulled their $2.7MM qualifying offer to Mamukelashvili last week, making him a free agent. However, the two parties had interest in working out a new agreement.

Mamukelashvili, a 2021 second-round pick, signed a one-year, minimum-salary deal with the Spurs last July after becoming a free agent. He played one-and-a-half seasons with Milwaukee before joining San Antonio during the 2022/23 season.

Last season, Mamukelashvili appeared in 46 games (5 starts) and averaged 4.1 points, 3.2 rebounds and 1.1 assists in 9.8 minutes. He received extended playing time in April and averaging 11.6 points, 9.7 rebounds and 2.1 assists in 26.1 minutes over seven games.

The 25-year-old, who attended Seton Hall, joins the mix of players competing for playing time at power forward and center. His return gives San Antonio 14 players on the regular roster, one shy of the maximum for the regular season.

Raptors Buy Out Sasha Vezenkov, Waive Javon Freeman-Liberty

July 22nd, 2024 at 2:27pm CST by Luke Adams

The Raptors have cut a pair of players from their offseason roster, announcing today that forward Sasha Vezenkov and guard Javon Freeman-Liberty have been placed on waivers.

Vezenkov is the more notable name of the two. The 2023 EuroLeague MVP signed a three-year contract with the Kings last summer, but had an underwhelming NBA rookie season, logging just 12.2 minutes per game in 42 appearances off the bench. He averaged 5.4 points and 2.3 rebounds per game with a shooting line of .440/.375/.800.

Vezenkov, who will turn 29 next month, was traded from Sacramento to Toronto in June along with Davion Mitchell in a deal that created additional cap flexibility for the Kings.

Around the time of that trade, reports surfaced indicating that the 6’8″ forward had reached a lucrative long-term agreement to return to Olympiacos, his former team in Greece. However, he remained under contract with the Raptors on a deal that included a guaranteed $6,658,536 salary for 2024/25 (plus a team option for ’25/26).

The Raptors’ release of Vezenkov creates a path for him to rejoin Olympiacos once he clears waivers and also generates significant cap savings for the team. According to Blake Murphy of Sportsnet.ca (Twitter link), Vezenkov gave up his entire $6,658,536 salary for ’24/25 in a buyout agreement in order to facilitate his exit, leaving no dead money on Toronto’s books.

As for Freeman-Liberty, the former DePaul standout spent most of last season on a two-way contract with the Raptors before being promoted to the standard roster on March 1. He appeared in 22 games at the NBA level as a rookie, averaging 7.0 PPG, 3.2 RPG, and 1.8 APG in 18.3 MPG.

Freeman-Liberty’s minimum-salary contract for 2024/25 contained only a small partial guarantee, which would have increased from $100K to $150K if he had remained on the roster through July 23. Toronto will carry $100K in dead money after waiving the 24-year-old.

The Raptors now have 14 players on standard guaranteed contracts and about $11MM in breathing room below the luxury tax line, according to Murphy (Twitter link). Toronto’s newfound financial flexibility gives the front office the ability to spend more than the veteran’s minimum to fill the 15th roster spot or potentially to take on unwanted salary in a trade.

Sixers Officially Sign David Jones To Two-Way Contract

July 22nd, 2024 at 1:11pm CST by Luke Adams

As expected, the Sixers have signed undrafted rookie free agent David Jones to a two-way contract, according to a press release from the team.

Jones, a 6’6″ wing, had a highly productive junior campaign for Memphis in 2023/24, averaging 21.8 points, 7.6 rebounds, and 2.2 steals per game on .459/.380/.797 shooting in 32 contests (32.3 MPG). A native of the Dominican Republic, Jones had previous collegiate stops at DePaul and St. John’s before transferring to the Tigers.

Jones’ agreement with Philadelphia was reported shortly after the second round of the draft concluded on June 27. He subsequently suited up for the Sixers’ Summer League teams in both Salt Lake City and Las Vegas, averaging 9.1 PPG, 5.6 RPG, and 1.6 SPG in seven games (18.2 MPG). He had his best performance of the month on Sunday vs. Boston, racking up 23 points, eight rebounds, and three blocked shots.

The 76ers have now officially filled two of their two-way slots, adding Jones and fellow rookie free agent Justin Edwards after they went undrafted. The third slot will reportedly be taken by three-year veteran Jeff Dowtin, who agreed to a two-way deal with Philadelphia on Sunday.

Mavericks, Spencer Dinwiddie Agree To One-Year Deal

July 22nd, 2024 at 12:08pm CST by Luke Adams

Veteran point guard Spencer Dinwiddie is returning to Dallas, having agreed to a one-year contract with the Mavericks, reports Shams Charania of The Athletic (Twitter link).

Dinwiddie, 31, was previously a Maverick from 2022-23 for almost exactly one year. He was traded from Washington to Dallas at the trade deadline in February 2022 as part of the return for Kristaps Porzingis, then was sent to Brooklyn at the 2023 deadline as part of the package for Kyrie Irving.

Dinwiddie played well during his first stint in Dallas, averaging 17.1 points, 4.9 assists, and 3.1 rebounds in 32.3 minutes per game across 76 outings (60 starts). He posted a shooting line of .466/.404/.788 during that time — those field goal and three-point percentages are well above his career marks.

The veteran guard was less effective in 2023/24 across 76 appearances (52 starts) for the Nets and Lakers, posting averages of 10.5 PPG, 4.7 APG, and 2.7 RPG in 28.3 MPG while shooting .392/.337/.805.

The hope is that a return to Dallas will help fuel a bounce-back season for Dinwiddie, who still has a home in Texas and whose partner is from the state, according to Brian Lewis of The New York Post (Twitter link). As Lewis observes, the move also reunites Dinwiddie with Irving — the two guards played together in Brooklyn from 2019-21.

The Mavericks’ interest in Dinwiddie was reported earlier this month by Michael Scotto of HoopsHype and was reiterated over the weekend by Marc Stein.

The terms of the Mavs’ agreement with Dinwiddie have yet to be reported. While Dallas could technically offer more than the veteran’s minimum using the mid-level or bi-annual exception, the team doesn’t have a ton of wiggle room below the first tax apron, so a minimum-salary deal seems more likely.

Assuming Dinwiddie’s salary is fully guaranteed, he’d be the 14th Maverick on a guaranteed contract for 2024/25. A.J. Lawson, the 15th man, has a non-guaranteed deal and would need to be waived in order to make room for the club to re-sign veteran forward Markieff Morris, whose return is considered likely.

Spurs Add Minix, Warriors Sign Rowe On Camp Deals

July 21st, 2024 at 8:50pm CST by Dana Gauruder

The Spurs have signed undrafted Morehead State forward Riley Minix to a training camp contract and the Warriors have also added Jackson Rowe on a camp deal, according to Keith Smith of Spotrac (Twitter links).

Minix, 23, appeared in 35 games last season as a senior, averaging 20.9 points, 9.7 rebounds, 2.2 assists, 1.3 steals and 1.0 blocks in 33.8 minutes per game. Minix ranked among the top 20 in Division I in scoring. He appeared in three games with the Spurs’ Summer League team.

Rowe, 27, played regularly last season for Golden State’s NBA G League team, the Santa Cruz Warriors. He averaged 13.8 points, 7.0 rebounds, 2.5 assists and 1.4 steals per contest. He appeared in six Summer League games this month for the Warriors.

It seems safe to assume both players were added on Exhibit 10 deals.

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 the player can 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.

Sixers Sign Adem Bona To Four-Year Deal

July 21st, 2024 at 8:27pm CST by Dana Gauruder

JULY 21: The signing is official, according to a team press release.

JULY 14: Sixers second-rounder Adem Bona has agreed on a four-year, $8MM rookie contract, Shams Charania of The Athletic tweets. Bona was selected with the No. 41 pick in last month’s draft.

Philadelphia will be using the second-round exception to sign the former UCLA center, which means the fourth year will be a team option. A four-year, minimum-salary contract for a rookie would be worth about $7.9MM, so the terms reported by Charania are either rounded up or suggest Bona will earn a bit more than the minimum in year one.

Bona has averaged 6.3 points, 6.0 rebounds and 3.5 blocks in 22.7 minutes per night thus far for Philadelphia’s Summer League squad. In his final collegiate season with the Bruins, he averaged 12.4 points, 5.9 rebounds, 1.8 blocks, 1.2 assists and 1.1 steals in 33 games.

Bona is currently slotted in as the No. 3 center on the Sixers’ depth chart behind Joel Embiid and free agent acquisition Andre Drummond.

Nets Sign Keon Johnson To Two-Year Deal

July 21st, 2024 at 8:20pm CST by Alex Kirschenbaum

JULY 21: The signing is official, according to the NBA transactions log.

JULY 20: The Nets are re-signing free agent shooting guard Keon Johnson to a standard contract, sources tell Shams Charania of The Athletic (Twitter link).

According to Michael Scotto of HoopsHype (Twitter link), Johnson is inking a two-season agreement with the Nets. The contract is partially guaranteed for 2024/25 and will have a team option for ’25/26.

Johnson has enjoyed an outstanding run throughout this year’s Las Vegas Summer League thus far. He’s averaging 16.3 points, 5.8 assists and 4.8 rebounds per game for Brooklyn this offseason.

The 6’5″ swingman was selected with the No. 21 overall pick in the 2021 draft out of Tennessee. Johnson, then just 19, split his rookie season between the Clippers and Trail Blazers. He stayed with Portland for the 2022/23 season, but broke a finger midway through the year, cutting him off at just 40 games.

Johnson was shipped out to the Suns as part of the three-team deal that landed All-Star point guard Damian Lillard with the Bucks and was cut prior to the start of the 2023/24 season.

He ultimately landed with the Nets on a two-way deal last season, appearing in just five games for Brooklyn. Across those contests, Johnson averaged 6.2 points per contest on .381/.400/.917 shooting splits. He also chipped in 1.4 rebounds, 0.6 assists and 0.6 steals per night.

Bulls Sign DJ Steward To Two-Way Contract

July 21st, 2024 at 7:34pm CST by Arthur Hill

7:34pm: The signing is official, according to a team press release.

9:00am: Summer League standout DJ Steward has agreed to a two-way contract with the Bulls, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

The 22-year-old guard is coming off a 37-point performance in Friday’s win over Atlanta. He averaged 17.4 PPG in five Summer League games with Chicago while shooting 47% from the field and 40% from three-point range.

Steward is a Chicago-area player who was a highly regarded recruit out of high school in 2020. He played one season at Duke, then signed with the Kings after going undrafted in 2021.

Steward spent two years in the G League with Stockton before signing an Exhibit 10 contract with the Celtics last September. He played for Boston’s G League affiliate in Maine last season.

The addition of Steward fills the Bulls’ last two-way opening. Andrew Funk and Adama Sanogo are also on two-way deals.

Bucks Sign Gary Trent Jr.

July 20th, 2024 at 8:15pm CST by Luke Adams

JULY 20: The signing is official, the Bucks announced (via Twitter).

JULY 16: Free agent swingman Gary Trent Jr. has agreed to sign a one-year contract with the Bucks, agents Rich Paul and Lucas Newton tell Adrian Wojnarowski of ESPN (Twitter link). Shams Charania had reported on Monday that Milwaukee was among the contending teams pursuing Trent.

While Wojnarowski doesn’t specify the financial terms, Milwaukee is currently operating over the second tax apron and can only offer a minimum-salary contract to an outside free agent like Trent, so it seems safe to assume the deal won’t be worth more than that.

Trent is a talented scorer and shooter who averaged 16.4 points per game during his three-and-a-half seasons in Toronto and has made 38.6% of his career three-point attempts. He’s not much of a play-maker and is inconsistent defensively, but he’s opportunistic on that end of the court, having averaged 1.5 steals per contest across his past three seasons.

A 25-year-old player with that sort of résumé isn’t typically available for the veteran’s minimum, and reporting as recently as least week indicated Trent was reluctant to settle for an offer in that range, so it represents a coup for the Bucks to get him at that price.

Milwaukee had been in the market for help at shooting guard after losing starter Malik Beasley to Detroit earlier this month. According to Wojnarowski, the Bucks recruited Trent “hard” during his free agency.

Trent earned $18.5MM in 2023/24 and had reportedly hoped to earn a raise as an unrestricted free agent. While the Raptors are said to have a discussed the possibility of a deal in the $15MM range, they never formally put that offer on the table and essentially moved on from Trent in late June after drafting Ja’Kobe Walter, exercising Bruce Brown‘s team option, and taking on salary in a trade with Sacramento, as Josh Lewenberg of TSN.ca tweets.

Once they officially finalize their deal with Trent, the Bucks will have 15 players on standard contracts, including 14 on fully guaranteed salaries and Andre Jackson on a partially guaranteed deal.

The move to Milwaukee will reunite Trent with Bucks point guard Damian Lillard — the two were teammates in Portland from 2018-21.

Jazz Waive Russell Westbrook

July 20th, 2024 at 6:26pm CST by Arthur Hill

The Jazz have officially waived Russell Westbrook, the team announced in a press release. The 35-year-old point guard, who was acquired from the Clippers on Thursday, is expected to join the Nuggets after clearing waivers on Monday.

Westbrook was sent to Utah as part of a sign-and-trade involving free agent guard Kris Dunn, who reached an agreement with L.A. shortly after the start of free agency. The Jazz received a second-r0und pick swap and cash in the deal, which gave the Clippers the ability to remove Westbrook’s salary from their books while offering Dunn a higher salary than they otherwise could’ve.

This is the second time in 17 months that Westbrook has been traded to Utah and then released without playing a game. The Jazz also picked him up from the Lakers in a February 2023 deal before negotiating a buyout that enabled him to join the Clippers.

It’s not clear yet if there was a buyout involved this time or if Utah agreed to pay Westbrook his entire $4MM contract for the upcoming season. He’ll earn about $3.3MM with Denver, which is limited to offering him a veteran’s minimum contract due to apron restrictions.

Westbrook could have tested the free agent market this summer, but he opted to exercise his option and remain in L.A. The Clippers immediately began working with him to find a trade, and the Nuggets, who need a backup point guard after sending Reggie Jackson to Charlotte, quickly emerged as the most likely destination. Adding Westbrook as a free agent simplifies things for Denver, which doesn’t have to worry about matching salaries in a trade.

Westbrook, a nine-time All-Star and former MVP, settled into a bench role in his first full season with the Clippers. He appeared in 68 games and averaged 11.1 points, 5.0 rebounds, 4.5 assists and 1.1 steals on .454/.273/.688 shooting in 22.5 minutes per night.