Transactions Rumors | Hoops Rumors

Grizzlies Sign Brandon Clarke To Four-Year Extension

October 16th, 2022 at 7:52pm CST by Alex Kirschenbaum

7:52pm: Memphis has issued a press release confirming Clarke’s extension (Twitter link).

5:34pm: The Grizzlies are signing fourth-year forward/center Brandon Clarke to a four-year, $52MM rookie contract extension, Clarke’s agents Mark Bartelstein and Andy Schiffman inform Adrian Wojnarowski of ESPN.

Chris Herrington of The Daily Memphian tweets that he anticipates $52MM is the highest possible salary Clarke could earn, implying that various likely and unlikely incentives could be baked into that figure.

Clarke was selected with the No. 21 pick in the 2019 NBA draft out of Gonzaga. Last season, his third in the league, the 26-year-old remained a reliable athletic reserve for the Western Conference’s No. 2 seed.

Across 64 games in 2021/22, Clarke averaged 10.4 PPG while nailing 64.4% of his field goals, along with 5.3 rebounds, 1.3 assists, 1.1 blocks and 0.6 steals in just 19.5 MPG.

Woj notes that Clarke finished within the NBA’s top five players in a variety of pertinent departments: paint points, second-chance points, and offensive boards.

Bobby Marks of ESPN adds (Twitter link) that this new deal, once it kicks in, will be pay Clarke 8.6% of the club’s projected 2023/24 available salary money under the league cap.

Memphis has already signed another of its extension-eligible players, veteran starting center Steven Adams, to a two-year, $25.2MM contract extension earlier this offseason.

A third Grizzlies player, 6’7″ swingman Dillon Brooks, has yet to sign a new deal with the Grizzlies. Should Memphis not reach an agreement with Brooks, his contract will expire in the summer of 2023, when he will reach unrestricted free agency. Brooks is currently set to earn $11.4MM this season.

Clarke is the eighth 2019 first-round pick to agree to a rookie scale extension, as our tracker shows. When our Rory Maher previewed Clarke’s case for an extension last month, he estimated a deal in the range of the four-year, $50MM contract Wendell Carter signed with Orlando a year ago.

E.J. Liddell Signs Two-Way Deal With Pelicans

October 16th, 2022 at 5:25pm CST by Alex Kirschenbaum

Rookie forward E.J. Liddell, who tore his right ACL during Summer League this year after being drafted 41st overall out of Ohio State, has signed a two-way contract with the Pelicans, the team announced in a press release.

During a 2021/22 NCAA season in which the 6’7″ forward was named a Third Team All-American, an All-Big Ten First Teamer, and a Big Ten All-Defensive Team honoree, Liddell averaged 19.4 PPG, 7.9 RPG, 2.5 BPG and 2.5 APG for the Buckeyes.

Though he will most likely not be healthy until at least 2023, the 21-year-old will join Dereon Seabron in filling the team’s pair of two-way player contracts heading into the 2022/23 season. Liddell figures to rehab his ACL injury with the Pelicans and the Birmingham Squadron, New Orleans’ G League affiliate.

Looking to capitalize on a promising postseason berth with a newly healthy Zion Williamson, New Orleans is now fielding a team with 15 players signed to its standard roster, plus a pair of two-way players.

Isaiah Joe Signs With Thunder

October 16th, 2022 at 4:57pm CST by Arthur Hill

OCTOBER 16: The Thunder have officially signed Joe, the team announced in a press release. Oklahoma City won’t have to finalize its cuts until Monday and has a full 20-man roster for now.

OCTOBER 15: The Thunder are finalizing a multi-year contract with Isaiah Joe, tweets Shams Charania of The Athletic.

Swingman David Nwaba will be among the players waived to make room on the roster, sources tell Charania (Twitter link).

Joe cleared waivers earlier today after being released Thursday by the Sixers, who selected him with the 49th pick in the 2020 draft. The 23-year-old shooting guard spent the past two years in Philadelphia and averaged 3.6 points and 1.0 rebounds in 55 games last season.

Nwaba was acquired from the Rockets in an eight-player trade in September after playing 46 games for Houston last season. Trey Burke and Marquese Chriss remain on Oklahoma City’s roster, but with more cuts remaining it’s possible that all eight players in that deal will end up on waivers.

Raptors Sign, Waive Saben Lee

October 16th, 2022 at 4:06pm CST by Luke Adams

The Raptors have signed and subsequently waived free agent guard Saben Lee, the team announced today.

The 38th overall pick in the 2020 draft, Lee spent his first two NBA seasons with the Pistons, first on a two-way contract and then on a standard deal. He appeared in 85 total games for the team, 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.

Lee was traded from Detroit to Utah last month in the Bojan Bogdanovic deal and was subsequently released by the Jazz. After clearing waivers, he signed a training camp contract with the Suns on Tuesday, but his stint in Phoenix was short-lived — he was cut by the team on Thursday.

Despite the fact that he spent time on three rosters leading up to the 2022/23 season, Lee’s G League rights weren’t held by any team until he signed with the Raptors, his fourth club of the last month. Toronto signed Lee to an Exhibit 10 contract that will ensure he receives a bonus worth up to $50K if he spends at least 60 days with the Raptors 905.

The Raptors didn’t have to make a corresponding roster move to make room for Lee, since the 15-man limit still won’t apply until after Monday’s cut-down deadline. Since Lee won’t clear waivers until Tuesday, Toronto will be on the hook for one day’s worth of dead money for him — that portion of prorated salary figures to be worth $10,552.

Warriors Sign Jordan Poole To Four-Year Extension

October 16th, 2022 at 1:06pm CST by Luke Adams

OCTOBER 16, 1:06pm: The Warriors have officially signed Poole to his four-year extension, the team announced today in a press release.

As we detailed in a separate story, Golden State also extended Wiggins for four years after reaching a deal with Poole.

OCTOBER 15, 2:14pm: The Warriors and Poole have now reached an agreement on the extension, reports Wojnarowski (via Twitter).

The four-year extension will include $123MM in guaranteed money, with an additional $17MM available via incentives, reports Anthony Slater of The Athletic.

OCTOBER 15, 10:51am: The Warriors are finalizing a four-year rookie scale extension with guard Jordan Poole, agents Drew Morrison and Austin Brown of CAA Sports tell ESPN’s Adrian Wojnarowski (Twitter link). The deal will be worth $140MM, according to Wojnarowski, who says the two sides are completing the final details and are expected to have a formal agreement soon.

Given that the $140MM figure is coming from Poole’s representatives, it’s possible that not all of that money is fully guaranteed and that a portion of it is only attainable through incentives. Still, it looks like it will be the biggest rookie scale extension signed this year outside of the maximum-salary deals completed by Ja Morant, Darius Garland, and Zion Williamson.

Poole’s huge new contract agreement comes on the heels of a breakout season, as he averaged 18.5 PPG, 4.0 APG, and 3.4 RPG on .448/.364/.925 shooting in 76 games (30.0 MPG) for the eventual champions.

The 23-year-old played an important role in Golden State’s title run, increasing his shooting percentages to .508/.391/.915 in 22 playoff contests (27.5 MPG) and averaging 17.0 PPG.

Poole was one of three members of the Warriors’ championship rotation who was extension-eligible and entering a potential contract year this fall. He was viewed as the team’s top priority ahead of fellow extension candidates Draymond Green and Andrew Wiggins.

A practice incident earlier this month that saw Green punch Poole seemed to add more urgency to the Warriors’ desire to get an extension done, since they wanted to affirm their commitment to Poole following that altercation, rather than having his contract situation hanging over his head all season.

Even if Poole earns a full $140MM over the next four years, that figure will fall just short of what a maximum-salary contract would’ve been worth as a restricted free agent next summer, based on the NBA’s latest salary cap forecast. As our max projections show, using a $134MM cap estimate, Poole would’ve been eligible for a four-year max worth about $150MM with the Warriors or approximately $144MM if he were to sign with another team.

It’s unclear what sort of impact Poole’s extension will have on Golden State’s extension negotiations with Wiggins and Green. Joe Lacob and the ownership group have paid record-setting amounts on player salaries and luxury tax penalties for the current roster, but the team has suggested there’s a ceiling on what ownership is prepared to spend going forward. Lucrative new contracts for both Wiggins and Green may push the cost of the Warriors’ roster beyond that ceiling.

Poole will be the seventh player to sign a rookie scale extension in 2022, joining Morant, Garland, Williamson, Tyler Herro, RJ Barrett, and Keldon Johnson. Seventeen players remain eligible to sign rookie scale extensions before Monday’s deadline.

Sixers Convert Michael Foster Jr. To Two-Way Deal, Waive Charlie Brown Jr.

October 16th, 2022 at 11:40am CST by Arthur Hill

11:40am: The Sixers have officially converted Foster’s deal to a two-way contract and waived Brown, the team announced in a press release.

9:36am: Michael Foster Jr. will receive a two-way contract with the Sixers, tweets ESPN’s Adrian Wojnarowski. Charlie Brown Jr. will be released from his two-way deal in a corresponding move.

Foster, a 19-year-old forward, joined the team in July on an Exhibit 10 contract after playing for G League Ignite last season. He appeared in three games during the preseason, averaging 1.7 PPG in 6.1 minutes per night.

Foster also played for the Sixers during Summer League and was considered to be one of the best players not selected in this year’s draft.

Brown, a 25-year-old shooting guard, signed a 10-day contract with Philadelphia in January and was given a two-way deal when that expired. He got into 19 games with the Sixers and averaged 1.5 points and 1.6 rebounds in limited minutes. Brown also played three games for the Mavericks last season and has spent time with the Hawks and Thunder as well.

The move likely sets Philadelphia’s roster ahead of Tuesday’s regular season opener, as the team now has 14 players on standard contracts and a pair on two-way deals. The Sixers are expected to keep one roster spot open, tweets Derek Bodner of The Athletic.

Timberwolves Sign-And-Waive Emmanuel Mudiay, Two Others

October 15th, 2022 at 8:12pm CST by Arthur Hill

The Timberwolves announced the signing of former lottery pick Emmanuel Mudiay, along with guard Matt Lewis and forward Phillip Wheeler. All three were later waived, the team tweeted.

Mudiay will join Minnesota’s G League team in Iowa, according to Jon Krawczynski of The Athletic (Twitter link), and Lewis and Wheeler will likely be headed there also. Krawczynski points out that new Timberwolves president Tim Connelly was running the Nuggets when they selected Mudiay with the seventh pick in the 2015 draft (Twitter link).

Mudiay, 26, was traded from Denver to the Knicks in 2018 and signed with the Jazz in 2019. He appeared in two games for the Kings last season after signing a 10-day contract in December and had a brief stay in Lithuania as well.

Lewis, 23, signed with the Timberwolves after going undrafted out of James Madison and played for Iowa last season. He averaged 11.1 points, 4.3 rebounds and 2.4 assists in 32 G League games.

Wheeler, 20, played eight G League games last season with Rio Grande Valley and Mexico City. He also spent part of the year in Puerto Rico. His agreement with Minnesota was originally reported in June.

Three Players Signed, Waived By Jazz

October 15th, 2022 at 7:34pm CST by Arthur Hill

The Jazz have placed forward Tyler Cook and guards Frank Jackson and Isaiah Miller on waivers, the team announced in a press release. Their signings were announced earlier today, as Andy Larsen of The Salt Lake Tribune tweets.

Cook, a 25-year-old forward, appeared in 20 games with the Bulls last season on a two-way contract. He entered the league with the Cavaliers in 2019 and has also played for the Nuggets, Pistons and Nets.

Jackson spent the past two seasons with the Pistons and played two years with the Pelicans as well. The 24-year-old guard was the 31st pick in the 2017 draft.

Miller, a 24-year-old point guard, was waived by the Trail Blazers earlier this week. He spent last season with the Iowa Wolves, Minnesota’s G League affiliate.

All three players are likely to end up with Utah’s G League team, the Salt Lake City Stars, once they clear waivers.

Raptors Sign, Waive Four Players

October 15th, 2022 at 7:00pm CST by Arthur Hill

The Raptors have signed and waived David Johnson, Reggie Perry, Christian Vital and Ryan Hawkins, tweets Blake Murphy of Sportsnet.ca. All four players got Exhibit 10 contracts and will be eligible for a bonus worth up to $50K if they spend at least 60 days with Raptors 905 in the G League.

Toronto selected Johnson with the 47th pick in the 2021 draft and signed him to a two-way contract last season. He saw minimal playing time in two NBA games, but averaged 11.5 points, 3.3 rebounds and 2.3 assists in 23 G League contests.

Perry played nine games for the Trail Blazers and one with the Pacers last season, all on 10-day contracts.

Vital joined the Raptors for Summer League action, and the team recently acquired his rights in a G League trade. Hawkins also played for Toronto’s Summer League team after going undrafted out of Creighton.

Pistons Waive Devontae Cacok, Stanley Umude

October 15th, 2022 at 6:33pm CST by Arthur Hill

The Pistons have waived forward Devontae Cacok and guard Stanley Umude, according to NBA.com’s official transactions log.

Both players held Exhibit 10 contracts and are likely to end up with Detroit’s G League affiliate, the Motor City Cruise. They will be eligible for a $50K bonus if they spend at least 60 days with the Cruise. Cacok signed with Detroit on Friday, while Umude joined the team in late September, shortly before the start of training camp.

The Pistons still have 16 players with fully guaranteed contracts, but they are expected to waive Kemba Walker before the deadline for rosters to be finalized Monday afternoon.