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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.

Grizzlies Trade Ziaire Williams, Second-Rounder To Nets For Diakite

July 19th, 2024 at 1:54pm CST by Rory Maher

1:54pm: The trade is now official, the Grizzlies announced in a press release (Twitter link).

12:25pm: The Grizzlies have agreed to a trade that will send Ziaire Williams and a 2030 second-round pick (via Dallas) to the Nets for Mamadi Diakite and the draft rights to Nemanja Dangubic, sources tell ESPN’s Adrian Wojnarowski.

It’s essentially a salary dump for Memphis, which had been looking to move Williams due to the team’s financial situation. The 22-year-old will earn $6.13MM in 2024/25, which is the final season of his rookie scale contract. The Grizzlies will generate a trade exception worth that amount.

After the transaction is complete, the Grizzlies project to be about $10MM below the luxury tax line and $14MM beneath the first apron, tweets ESPN’s Bobby Marks. The Nets will acquire Williams using one of their outstanding trade exceptions, Marks notes. It’ll likely be the one worth $9.5MM from sending Royce O’Neale to Phoenix in February.

According to Damichael Cole of The Memphis Commercial Appeal (Twitter link), the Grizzlies are likely to use their new cap flexibility to re-sign veteran sharpshooter Luke Kennard, who remains an unrestricted free agent. Wojnarowski confirms Memphis is working to bring back Kennard.

As for the rebuilding Nets, they’ll be taking a low-risk flyer on a former top prospect in Williams, who was selected 10th overall in the 2021 draft. And as a sweetener for taking on his salary, they’ll also add a future second-round pick.

Williams has averaged 7.5 points and 2.6 rebounds per game on .426/.301/.803 shooting over the past three seasons with Memphis (150 games; 20.4 minutes per contest). He’s eligible for a rookie scale extension until the day before the 2024/25 season begins; if no deal is reached, he’ll be eligible for restricted free agency in 2025.

Diakite, a forward/center who was sent from New York to Brooklyn in the Mikal Bridges trade and is now being re-routed to Memphis, could be waived. His salary for next season is only partially guaranteed for $1.39MM, and Cole recently reported that the Grizzlies want to keep an open roster spot entering the regular season; re-adding Kennard and retaining Diakite would push their standard roster count up to 15 players.

Diakite, 27, has bounced around the NBA over the course of his four seasons, suiting up for the Bucks, Thunder, Cavs, Spurs and Knicks. Overall, the Guinea native has appeared in 55 regular season games, with career averages of 3.1 points and 2.3 rebounds in 9.6 minutes.

Magic Sign Cory Joseph

July 19th, 2024 at 1:27pm CST by Luke Adams

July 19: Joseph’s contract is now official, the Magic announced in a press release.

July 17: The Magic and free agent point guard Cory Joseph have agreed to a deal, reports Michael Scotto of HoopsHype (Twitter link). According to Scotto, Joseph’s new contract will cover two seasons.

A first-round pick in 2011, Joseph has spent 13 seasons in the NBA, playing for the Spurs, Raptors, Pacers, Kings, Pistons, and Warriors since entering the league.

The veteran guard, who will turn 33 next month, averaged just 11.4 minutes per contest in 26 appearances for Golden State last season before being dealt to the Pacers in February in a salary-dump trade. He was subsequently waived by Indiana.

Though he wasn’t effective in 2023/24, Joseph has a solid career résumé as a backup point guard. The Canadian has averaged 6.9 points, 3.0 assists, and 2.5 rebounds in 21.7 minutes per game across 816 regular season outings, with a shooting line of .441/.349/.786.

While the exact terms of Joseph’s agreement haven’t been reported, I’d expect it to be a veteran’s minimum deal.

It’s also unclear whether or not the first year will be fully guaranteed. It seems safe to assume that the second year, at least, will be non-guaranteed, as Orlando has made a habit in recent years of tacking on second-year team options for many of its signees — Gary Harris and Moritz Wagner both got them earlier this month.

[Update: Jason Beede of The Orlando Sentinel (Twitter link) confirms that the second year of Joseph’s contract will be a team option.]

The Magic entered the day with 14 players on standard guaranteed contracts for 2024/25, so Joseph looks like the leading candidate to fill the 15th spot on the club’s standard roster for now.

Assuming he makes the regular season roster, Joseph will provide depth and veteran leadership in a young backcourt that includes Jalen Suggs, Cole Anthony, and Anthony Black. It looks increasingly unlikely that former No. 1 overall pick Markelle Fultz is in Orlando’s plans going forward. Fultz remains an unrestricted free agent.

Clippers, Jazz Complete Trade Involving Westbrook, Dunn

July 18th, 2024 at 8:04pm CST by Rory Maher

8:04pm: The trade is official, according to an announcement from the Jazz, who also acquired the draft rights to Balsa Koprivica (the No. 57 pick in 2021) in the deal.

1:33pm: The Clippers are sending Russell Westbrook, a second-round pick swap, and cash to the Jazz in order to acquire free agent guard Kris Dunn via sign-and-trade, sources tell ESPN’s Adrian Wojnarowski (Twitter links). The second-round swap will be for 2030, tweets Tony Jones of The Athletic.

Westbrook is expected to reach a buyout agreement with Utah and eventually sign with the Nuggets once he clears waivers, according to Wojnarowski.

Chris Haynes of Bleacher Report (Twitter link) hears that Dunn will sign a three-year, $17MM contract. The final season of Dunn’s deal with Los Angeles will be a team option, per Woj (Twitter link).

Strangely, this will be the second time that Westbrook will be traded to — and then waived by — Utah in 17 months, with the first instance coming in February 2023. In this case, the Jazz are acquiring a second-round swap and some cash in exchange for using a small chunk of their cap room to take Westbrook’s salary off L.A.’s books.

The 35-year-old will earn a little over $4MM this season, while the minimum salary for a player with his amount of experience will earn about $3.3MM. We’ll have to wait and see how much he gives up in the buyout, but it’s safe to assume he’ll be on a minimum-salary deal with the Nuggets — it’s all they can offer due to their financial situation.

Westbrook exercised his player option this summer but reports came out almost immediately saying the Clips were working with him on a trade. He has essentially only been linked to Denver, which has an opening at backup point guard after salary dumping Reggie Jackson to Charlotte.

Three-time MVP Nikola Jokic is reportedly a fan of Westbrook, who also received an endorsement from veteran center DeAndre Jordan. The nine-time All-Star and former MVP averaged 11.1 points, 5.0 rebounds, 4.5 assists and 1.1 steals on .454/.273/.688 shooting in 68 games with the Clips last season (22.5 minutes per contest).

Haynes reported on July 1 that Dunn would sign with the Clippers, with Jake Fischer of Yahoo Sports later stating that the two sides were working on sign-and-trade scenarios to open a wider salary range for the 30-year-old guard. It took a few weeks, but a deal has finally come to fruition.

The fifth overall pick in the 2016 draft, Dunn didn’t live up to his draft billing in Minnesota or Chicago during the early years of his career, but has evolved into a solid rotation piece in recent years. Dunn spent the past two seasons in Utah, where he provided solid, versatile defense in the Jazz’s backcourt and earned praise from head coach Will Hardy for his voice in the locker room.

In 88 total appearances (35 starts) across two seasons in Utah, Dunn averaged 7.4 points, 4.3 assists, and 3.3 rebounds in 20.6 minutes per game, with a shooting line of .497/.395/.741.

Spurs Re-Sign Charles Bassey On One-Year Contract

July 17th, 2024 at 3:25pm CST by Dana Gauruder

JULY 17: Bassey’s new deal has been officially completed, the Spurs announced in a press release.

JULY 16: The Spurs are re-signing center Charles Bassey to a fully guaranteed one-year, $2.2MM contract, Shams Charania of The Athletic tweets.

Bassey has played with San Antonio the past two seasons. The addition of Bassey will give San Antonio a full 15-man roster. San Antonio also reached an agreement with Sandro Mamukelashvili on Tuesday.

San Antonio waived Bassey earlier this month in order to complete the three-team trade with the Kings and Bulls highlighted by DeMar DeRozan and Harrison Barnes.

Bassey, 23, suffered a torn left ACL in December while playing for San Antonio’s G League affiliate, the Austin Spurs. Bassey was averaging 3.3 points and 4.0 rebounds in 10.8 minutes per game with the NBA club in 19 appearances prior to the injury. He made $2.6MM last season.

There haven’t been any updates on Bassey’s condition but obviously the Spurs felt comfortable enough about his rehab to give him a guaranteed deal. The terms reported by Charania suggest it’ll be worth the minimum — for a player with Bassey’s three years of service, that would be $2,162,606.

The big man was drafted by the Sixers in the 2021 second round and spent one year in Philadelphia.