Transactions Rumors | Hoops Rumors

Celtics Waive A.J. Reeves

October 12th, 2022 at 9:13am CST by Luke Adams

The Celtics have waived guard A.J. Reeves, shortly after signing him to an Exhibit 10 contract, per the official transaction log at NBA.com.

Reeves went undrafted in June after playing four college seasons at Providence, where he averaged 9.9 points, 2.8 rebounds and 2.0 assists in 28 games (25.3 MPG) last season. He was one of the Friars’ best shooters, knocking down 2.1 three-pointers per game at a 37.3% clip.

After playing for Boston’s Summer League team in Las Vegas, Reeves now appears likely to join the Maine Celtics in the G League as an affiliate player. His Exhibit 10 contract will ensure he receives a bonus of $50K if he spends at least 60 days with Maine.

The Celtics now have one spot available on their 20-man preseason roster.

Bulls Sign, Waive Henri Drell

October 12th, 2022 at 9:02am CST by Luke Adams

The Bulls signed and then waived Estonian swingman Henri Drell, according to the official transaction logs at RealGM.com and NBA.com.

Drell, 22, went undrafted this year after joining the Windy City Bulls during the 2021/22 season. He appeared in 29 games for Windy City, averaging 5.2 PPG, 3.0 RPG, and 1.0 BPG with a shooting line of .372/.308/.500 in 17.9 minutes per contest.

Despite Drell’s underwhelming numbers last season, the Bulls seem to like what they’ve seen from him. He suited up for Chicago’s Summer League team and now appears likely to head back to Windy City to begin the 2022/23 season.

Drell presumably signed an Exhibit 10 contract, which will allow him to earn a bonus worth up to $50K if he spends at least 60 days with the Windy City Bulls this season.

After signing and waiving Drell, Chicago is still carrying 19 players on its preseason roster.

Trevelin Queen Signs Two-Way Deal With Pacers

October 11th, 2022 at 9:00pm CST by Dana Gauruder

9:00pm: Queen’s two-way contract with the Pacers is official, per NBA.com’s transaction log.

4:43pm: Guard Trevelin Queen is signing a two-way contract with the Pacers, Shams Charania of The Athletic tweets.

It’s a quick turnaround for Queen, who was just waived by the Sixers over the weekend.

The 25-year-old shooting guard had a two-year, minimum-salary contract with a $330K guarantee for the upcoming season. He was named G League MVP with Rio Grande Valley last season and appeared in 10 games with the Rockets after signing a two-way contract in December.

The Pacers have an open two-way slot, so they won’t have to make a corresponding move. Kendall Brown holds the other two-way contract.

Suns Sign Adonis Arms, Saben Lee

October 11th, 2022 at 8:26pm CST by Dana Gauruder

The Suns have signed guards Adonis Arms and Saben Lee, according to a team press release relayed by Gerald Bourguet of PHNX Sports (Twitter link).

Arms went undrafted this year out of Texas Tech, then played for the Nuggets’ summer league team. He was also on Denver’s training camp roster but was waived on Sunday. In his last college season, he averaged 8.6 PPG on .448/.308/.744 shooting, along with 4.4 RPG, 2.8 APG and 1.0 SPG.

Lee played the past two seasons with the Pistons. He was included in the Bojan Bogdanovic trade with the Jazz, who waived the former second-round pick on Sunday. Lee appeared in 85 total games for Detroit, averaging 5.6 points, 2.9 assists, and 2.4 rebounds in 16.3 minutes per contest, with a shooting line of .434/.265/.731.

The Suns no longer have a G League team, so the club has no need to sign-and-waive players to secure their NBAGL rights. We’ll see what Phoenix’s plans are for Arms and Lee, who are both eligible to sign two-way contracts.

Rockets Sign Trhae Mitchell

October 11th, 2022 at 7:23pm CST by Dana Gauruder

The Rockets have signed Trhae Mitchell, Jonathan Feigen of the Houston Chronicle tweets.

While Feigen didn’t specify, it’s likely an Exhibit 10 deal.

The 6’6” Mitchell, 25, played for Houston’s G League team, the Rio Grande Valley Vipers, last season and averaged 10 points, 7.4 rebounds and 2.5 assists in 28 games, including 23 starts. He also appeared in five games for the Rockets’ Summer League team.

It’s likely Mitchell will soon be placed on waivers, then return to the Rio Grande team. If he has an Exhibit 10 deal, he could earn a bonus up to $50K.

Nate Pierre-Louis Signs Exhibit 10 Deal With Lakers

October 11th, 2022 at 6:01pm CST by Dana Gauruder

Guard Nate Pierre-Louis has signed an Exhibit 10 contract with the Lakers, Adam Zagoria of NJ.com tweets.

Pierre-Louis was a member of Los Angeles’ Summer League squad and appeared in seven games. He averaged 4.4 points, 4.1 rebounds and 1.9 assists in 16.1 minutes in those contests.

He played for the Lakers’ G League team, the South Bay Lakers, last season and started 28 of 32 games. He averaged 9.3 points, 4.5 rebounds and 2.8 assists in 32 appearances.

He’ll likely be waived soon, then return to the South Bay club with the possibility of earning a bonus up to $50K if he sticks with that team for at least 60 days.

Pierre-Louis played three seasons at Temple and went undrafted in 2020.

The Lakers waived Bryce Hamilton to create an opening on the 20-man roster for Pierre-Louis, according to NBA.com’s transaction log. Hamilton’s next step is probably South Bay as well.

Frank Jackson Waived By Suns

October 11th, 2022 at 5:05pm CST by Dana Gauruder

The Suns have waived guard Frank Jackson, Michael Scotto of HoopsHype tweets.

Jackson signed a non-guaranteed contract with Phoenix last month. He appeared in two preseason games.

Jackson, 24, has five years of NBA experience, though he missed his entire rookie season due to a foot injury. He was an early second-round pick in 2017 and spent his first three NBA seasons with the Pelicans. He played the last two seasons with the Pistons.

Jackson averaged 9.8 PPG in 40 games during his first season in Detroit and made 40.7% of his 3-point tries. He averaged a career-best 10.6 PPG in 53 games last season but his 3-point shooting cratered to 30.8%.

Jackson became a free agent in late June when Detroit declined its $3.15MM option on his contract. He’ll return to the open market later this week, assuming he clears waivers.

Rockets Release Theo Maledon

October 11th, 2022 at 5:00pm CST by Rory Maher

5:00pm: The Rockets have officially waived Maledon, per NBA.com’s transaction log.

3:53pm: The Rockets are releasing guard Theo Maledon, sources tell Kelly Iko of The Athletic (Twitter link).

Like Maurice Harkless, Maledon was acquired by Houston as part of the eight-player swap with the Thunder, and will now be waived as the team eats his $1.9MM salary for 2022/23, which is fully guaranteed.

Once the two transactions are complete, the Rockets will still have 16 players on guaranteed standard deals and Willie Cauley-Stein on a non-guaranteed contract, and they’ll need to reduce the standard roster down to 15 players before the regular season starts.

Maledon, 21, was the 34th overall pick of the 2020 draft. He appeared in 116 regular season games (56 starts, 23.3 MPG) with the Thunder over the past two seasons, averaging a combined 8.8 PPG, 2.9 RPG and 2.9 APG on .371/.322/.766 shooting.

Evidently neither the Thunder nor the Rockets were high enough on the French point guard to keep him around, despite his above-average size (6’4″) and youth. Since he only has two years of NBA experience, Maledon is eligible to sign a two-way deal if and when he clears waivers on Thursday, and that might be more likely than another guaranteed standard contract at this point considering a couple of rebuilding clubs decided not to retain him.

Rockets Claim Ex-Heat Forward Darius Days

October 11th, 2022 at 4:55pm CST by Dana Gauruder

The Rockets claimed forward Darius Days off waivers and may give him their available two-way contract, Jonathan Feigen of the Houston Chronicle reports.

Days was waived by the Heat on Sunday, right after his two-way contract was converted to an Exhibit 10 deal. Miami was hoping Days would clear waivers and that he’d join its G League affiliate in Sioux Falls. However, the Rockets had other plans for him.

Days was given a two-way contract in mid-July after a strong Summer League showing with the Spurs. The strong play of rookie Jamal Cain this season led Miami to give him the two-way slot Days previously held.

Days, a 6’7″, 245-pound forward, played four seasons at LSU and averaged 13.7 points and 7.8 rebounds for the Tigers last season.

Rockets Waive Maurice Harkless

October 11th, 2022 at 4:30pm CST by Rory Maher

4:30pm: Harkless has been officially waived by the Rockets, according to the transaction log at NBA.com.

3:33pm: The Rockets intend to waive veteran forward Maurice Harkless, according to Shams Charania of The Athletic (Twitter link).

Harkless was traded three times during the offseason. The first deal saw him head from Sacramento to Atlanta as part of the Kevin Huerter deal, then he was dealt to the Thunder in a cost-cutting move that put the Hawks under the luxury tax, and finally he was part of the eight-player trade that saw Derrick Favors land in Houston.

The Rockets have 18 players on guaranteed standard contracts, so they were facing a roster crunch, because the regular season limit is 15 players. They decided that having a 29-year-old on the roster when the rebuilding club’s depth chart is already overflowing with forwards didn’t make a lot of sense, so they’re cutting Harkless and eating his $4,564,980 salary for 2022/23, which is fully guaranteed. Harkless will clear waivers on Thursday, assuming the move is made official today.

A 10-year veteran, Harkless has played for the Magic, Trail Blazers, Clippers, Knicks, Heat and Kings since being selected with the 15th overall pick in 2012. Known as a solid defender, Harkless hold career averages of 6.9 PPG, 3.5 RPG and 0.9 SPG on .474/.320/.624 shooting in 621 regular season games (371 starts, 22.6 MPG).