Transactions Rumors | Hoops Rumors

Spurs Re-Sign Joe Wieskamp To Two-Year Deal

August 24th, 2022 at 12:21pm CST by Dana Gauruder

AUGUST 24: The Spurs have officially re-signed Wieskamp, the team announced today in a press release.

AUGUST 22: Free agent swingman Joe Wieskamp is re-signing with the Spurs on a two-year, $4.4MM contract, his agents Kyle McAlarney and Mark Bartelstein told ESPN’s Adrian Wojnarowski.

Wieskamp, 22, appeared in 29 games as a rookie last season, averaging 2.1 PPG in 7.1 MPG. The University of Iowa product was the No. 41 overall pick of the 2021 draft.

Wieskamp was a restricted free agent after receiving a qualifying offer. He spent the bulk of the season on a two-way contract but was signed a standard contract in early March.

He was ruled out of Summer League action due to an ankle sprain.

On a rebuilding team, Wieskamp will fight for minutes at both wing spots. He was a 41.2% 3-point shooter in three seasons with the Hawkeyes and could be a rotation factor if he provides that threat in the NBA.

The terms of Wieskamp’s contract indicate he’ll be earning more than the minimum on his new deal, but it’s unclear whether both years are fully guaranteed.

Udonis Haslem Re-Signs With Heat For 20th, Final Season

August 23rd, 2022 at 3:26pm CST by Alex Kirschenbaum

AUGUST 23: The Heat have officially re-signed Haslem, the team announced today in a press release.

“From the first day that I saw him compete, to the last day when we retire his jersey at our FTX home, UD will go down in our team’s history as one of the best to ever play for the Miami HEAT,” team president Pat Riley said in a statement.

AUGUST 21: Veteran Heat power forward Udonis Haslem announced on Sunday at his Miami-based youth basketball camp that he will return for a 20th and final NBA season with the club, reports Tim Reynolds of The Associated Press. Earlier this week, Haslem had indicated he would reveal his decision on his playing future at the camp.

“Got one more in me for Pop,” Haslem said, referencing his late father, as Reynolds tweets. “Got one more in me for the city. Got one more in me for the team.”

Per Anthony Chiang of the Miami Herald (via Twitter), the 6’8″ big man out of Florida is set to retire from the league following the 2022/23 season. “One more year,” Haslem said.

Chiang adds (Twitter link) that Haslem’s father, who passed away last August, had long hoped his son would suit up for 20 NBA seasons.

After four productive collegiate seasons with the Gators, Haslem went undrafted in 2002. He headed overseas for his first professional basketball experience, joining French club Chalon-Sur-Saône during the 2002/03 season. Haslem joined Miami for the ’03/04 campaign, with his play netting him a spot on the 2004 All-Rookie Second Team.

Only eight players in league history have played for 20 seasons or more. Haslem will join his former Heat teammate, current Lakers All-Star forward LeBron James, as the ninth and tenth such players to reach that benchmark. Additionally, Haslem will become just the third player ever to suit up for just one team for 20 seasons, joining Kobe Bryant and Dirk Nowitzki.

Haslem has long since transitioned from being a key rotation player with Miami to taking on a far more limited role. The 42-year-old has appeared in just 58 regular season contests since the start of 2016/17, serving as more of a valuable locker room voice and practice player. Last year, Haslem played 13 times in the regular season, averaging 2.5 PPG and 1.9 RPG in 6.4 MPG. He hasn’t appeared in a playoff game since 2016.

For his career, Haslem boasts averages of 7.5 PPG, on 48.9% shooting, and 6.6 RPG. He was a crucial role player on five Miami teams that made the Finals between 2006-14, winning championships in 2006, 2012 and 2013. In his current role as essentially a player-coach, Haslem helped guide the Heat to another Finals appearance, his sixth with the team, in 2020.

By latching on with Miami for a veteran’s minimum contract, Haslem will be the 14th player signed to the team’s standard 15-man roster. Ira Winderman of the South Florida Sun-Sentinel tweets that the addition of Haslem will put Miami just $200K beneath this season’s $150,267,000 luxury tax line.

As Bobby Marks of ESPN adds (via Twitter), the Heat will probably leave their final 15-man roster spot unfilled to avoid the tax, unless they can cut costs elsewhere. They’ll be able to sign a 15th man late in the season when the prorated minimum salary dips below $200K.

Timberwolves Sign Luka Garza

August 23rd, 2022 at 11:28am CST by Luke Adams

The Timberwolves have officially signed free agent forward/center Luka Garza, the team announced today in a press release. The Wolves also confirmed the previously reported signing of CJ Elleby, which was made official a couple weeks ago.

Garza, 23, was selected by the Pistons with the 52nd overall pick in the 2021 draft and spent his rookie season in Detroit, averaging 5.8 PPG and 3.1 RPG in 32 games (12.2 MPG). He was a standout for the Motor City Cruise, Detroit’s G League affiliate, putting up 20.6 PPG and 9.5 RPG in 16 games (29.8 MPG) and earning a spot on the All-NBAGL Third Team.

Garza’s contract with the Pistons was for two years, but the 2022/23 season was a team option, which Detroit declined, making him an unrestricted free agent.

The former Iowa star is now on track to attend training camp with Minnesota, though it’s unclear if there will be any room for him on the club’s 15-man roster. The Timberwolves currently have 12 players on guaranteed contracts, with Austin Rivers, Jaylen Nowell, and Nathan Knight seemingly the frontrunners to fill out the regular season squad.

If Garza doesn’t make the Timberwolves’ 15-man roster or end up on a two-way deal, he could become an affiliate player for the Iowa Wolves, Minnesota’s G League team. Terms of his contract aren’t known, but if it includes Exhibit 10 language, he’d be eligible for a bonus worth up to $50K if he spends at least 60 days with Iowa.

Counting their two-way players, the Timberwolves now have 19 players under contract.

Hawks Sign Tyson Etienne To Exhibit 10 Contract

August 22nd, 2022 at 6:32pm CST by Dana Gauruder

The Hawks have signed rookie guard Tyson Etienne, according to a team press release.

Atlanta’s decision to give Etienne an Exhibit 10 contract was reported one day after the June draft and it’s finally official.

Etienne joined the Hawks’ Summer League team after the agreement and he averaged 10.2 PPG and 1.6 RPG in 16.7 MPG over five games in Las Vegas.

Etienne went undrafted after playing three seasons for Wichita State. The American Conference Player of the Year in 2021, he averaged 14.9 PPG, 2.9 RPG and 2.0 APG in 27 appearances (34.3 MPG) as a junior in 2021/22 before declaring for the draft as an early entrant.

Etienne is a talented three-point shooter, making 2.2 three-pointers per game at a 41.1% rate last season, though he was far less effective from inside the arc, converting just 32.6% of his two-point attempts.

Etienne is the nephew of former NBA player Marcus Camby and a cousin of Nuggets center DeAndre Jordan.

An Exhibit 10 deal is a one-year, minimum-salary contract that counts toward a team’s 20-man offseason roster limit, but doesn’t count against the cap unless the player makes the regular season roster. Etienne can earn a bonus of up to $50K if he’s waived and then joins the College Park SkyHawks, Atlanta’s G League affiliate.

The Hawks now have 17 players on their camp roster, including two-way players. They can add three more players before camp.

Celtics To Sign Denzel Valentine To Exhibit 10 Contract

August 22nd, 2022 at 10:48am CST by Luke Adams

The Celtics have agreed to a deal with free agent swingman Denzel Valentine, sources tell Shams Charania of The Athletic, who reports that Valentine will be signing an Exhibit 10 contract with Boston and will compete in training camp for a spot on the regular season roster.

The 14th overall pick in the 2016 draft, Valentine spent the first five years of his NBA career in Chicago before signing last offseason with the Cavaliers. He played a minor role in 22 games for Cleveland, then was dealt in January to the Knicks, who waived him. Following a 10-day contract with the Jazz, Valentine played in the G League for the rest of the 2021/22 season.

Considered a strong three-point shooter, Valentine has made 36.0% of his attempts from beyond the arc in 256 NBA appearances (18.8 MPG). He has also knocked down 41.2% of his three-pointers in a small G League sample (16 games). Valentine appeared in 12 games (31.9 MPG) last season with the Maine Celtics, Boston’s G League affiliate, filling up the box score with 14.6 PPG, 10.3 RPG, and 7.0 APG.

The Celtics have at least 11 players expected to make their regular season roster, with Luke Kornet viewed as a strong candidate to be the 12th. The team has reportedly reached deals with Valentine, Bruno Caboclo, and Noah Vonleh to compete for the 13th and 14th spots — free agents like Brodric Thomas and Justin Jackson are also expected by local reporters to vie for a spot on Boston’s roster.

Because Valentine has been in the NBA for five seasons, he’s ineligible to have his Exhibit 10 contract converted into a two-way deal, but he could earn a bonus worth up to $50K if he’s waived and reports back to Maine for at least 60 days.

Raptors Give Jalen Harris Qualifying Offer

August 20th, 2022 at 10:05am CST by Dana Gauruder

The Raptors tendered a two-way qualifying offer to Jalen Harris, according to RealGM’s transactions log. That makes Harris a restricted free agent.

Harris was reinstated by the league earlier this week. He was dismissed and disqualified from the NBA on July 1, 2021 for violating the terms of the league’s anti-drug program, then became eligible to apply for reinstatement last month.

Harris was still under contract with Toronto at the time of his suspension and the Raptors had 30 days to tender him a one-year, two-way qualifying offer.

The Raptors already have 19 players under contract, with second-round pick Christian Koloko still unsigned and a two-way qualifying offer out to another restricted free agent, David Johnson.

Jarrett Culver also might also be added to the camp roster, Blake Murphy of The Athletic tweets. The 2019 lottery pick played 37 regular season and three postseason games for the Grizzlies last season. He became an unrestricted free agent this summer.

Teams are permitted to carry up to 20 players until the day before the regular season begins.

The 59th overall pick in 2020, Harris spent his first professional season on a two-way contract with the Raptors, then signed with Vanoli Cremona in Italy for the 2021/22 campaign following his suspension from the NBA. This May, he joined the Scarborough Shooting Stars of the Canadian Elite Basketball League as he prepared to apply for reinstatement to the NBA.

Harris averaged 7.4 PPG on .500/.472/.778 shooting in 13 NBA games (13.2 MPG) and put up 17.6 PPG on .457/.500/.667 shooting in seven NBAGL contests (29.4 MPG) as a rookie in ’20/21.

LeBron James Signs Extension With Lakers

August 18th, 2022 at 3:10pm CST by Luke Adams

AUGUST 18: The Lakers have officially signed James to an extension, the team announced (Twitter link via Marc Stein).

AUGUST 17: Superstar forward LeBron James has agreed to a contract extension with the Lakers, agent Rich Paul of Klutch Sports tells Adrian Wojnarowski of ESPN.

It’ll be a new two-year, maximum-salary deal that includes a second-year player option, per Wojnarowski. That means James is now under contract with the Lakers through at least the 2023/24 season, with an option on ’24/25. The agreement also includes a 15% trade kicker, Woj adds.

James is earning $44,474,988 in 2022/23, which exceeds the standard maximum of $43,279,250 for a player with 10-plus years of NBA experience. Because he’s still eligible for a 5% raise on a new extension, LeBron’s 2023/24 salary will likely be $46,698,737. His ’24/25 player option will be worth $50,434,636, an 8% raise on the first year of his extension, for a total two-year value of $97,133,373.

The value of James’ extension could increase further if the NBA salary cap for ’23/24 comes in higher than anticipated. The cap is currently projected to be $133MM, but if it ends up exceeding $133,425,000, LeBron’s starting salary on the extension would instead be worth 35% of the cap.

James became eligible for a new two-year extension on August 4. He was ineligible to sign a deal longer than that due to the NBA’s Over-38 rule.

Despite his new eligibility, there was a sense that James wouldn’t rush into a new deal right away. The four-time MVP would have been able to retain leverage and perhaps wield more influence on the Lakers’ roster moves by holding off on that commitment. Taking that route would also have given LeBron a chance to assess the team’s roster additions – and new head coach Darvin Ham – during the 2022/23 season.

However, it appears that James was comfortable renewing his commitment to the Lakers despite last season’s disappointing 33-49 showing and lingering questions about the roster. The new deal will give LeBron the opportunity to become an unrestricted free agent at age 39, at which point he’s expected to try to team up with his son Bronny James, who would be draft-eligible no earlier than 2024.

While the Lakers almost certainly wouldn’t have considered moving him anyway, James’ extension will make him ineligible to be traded during the 2022/23 season — he can’t be dealt for six months after signing the contract, since it exceeds the NBA’s “extend-and-trade” restrictions.

As Bobby Marks of ESPN (Insider link) previously noted, the Lakers’ potential 2023 cap room won’t be affected in any real way by James’ new extension, since his free agent cap hold would have been equivalent to his extension salary. Los Angeles projects to have over $20MM in room next summer when several contracts – including Russell Westbrook‘s – expire, which will open up some options for the team but won’t be enough for another maximum-salary player.

James’ new deal makes him the highest-paid player in NBA history in terms of total earnings, at least for the time being, Marks tweets. Assuming LeBron’s deal ends up being worth $97.1MM, he’ll be at $532MM in career earnings, surpassing Kevin Durant‘s $508MM.

Pacers Sign Deividas Sirvydis

August 18th, 2022 at 11:12am CST by JD Shaw

AUGUST 18: Indiana has officially signed Sirvydis, the team announced today in a press release.

AUGUST 4: The Pacers have agreed to a one-year deal with swingman Deividas Sirvydis, according to Michael Scotto of HoopsHype (Twitter link). Scotto adds (via Twitter) that Sirvydis will compete for a roster spot in training camp, which suggests his deal is likely either partially or non-guaranteed.

Sirvydis, 22, was the No. 37 pick in the 2019 draft. Born in Lithuania, he holds two years of NBA experience with the Pistons and most recently played summer league with the Pelicans. Scotto notes he averaged 19.7 points per game during those summer league outings.

Across his two seasons with Detroit, Sirvydis only appeared in 23 games. He did play in 21 regular season contests in the G League this year, averaging 12.5 points per game on 45% shooting from the floor.

Once they officially sign Sirvydis, the Pacers will have 15 players under contract. That count doesn’t include unsigned draft pick Kendall Brown or the four players the team has reportedly agreed to sign to Exhibit 10 deals.

Tyler Hall Signs Exhibit 10 Contract With Mavs

August 16th, 2022 at 5:49pm CST by Dana Gauruder

Tyler Hall has signed a contract with the Mavericks, Spotrac contributor Keith Smith tweets. It’s an Exhibit 10 deal, JD Shaw of Hoops Rumors tweets.

The 6’5” Hall had a cameo appearance with the Knicks last season on a 10-day hardship exception contract. He started 25 games last season for the G League Westchester Knicks, averaging 15.5 PPG, 4.1 RPG and 4.2 APG while draining 41.5% of his 3-point attempts.

Hall, 25, attended Dallas’ mini-camp for free agents in late June and apparently made enough of an impression to get a training camp invite. He also appeared in three Summer League contests for the Wizards last month.

His Exhibit 10 contract puts him in line for a bonus worth up to $50K if he’s waived during the preseason and then spends at least 60 days as an affiliate player for the Mavs’ G League affiliate, the Texas Legends.

The Mavs now have 18 players officially under contract and one more reported deal — Marcus Bingham‘s Exhibit 10 agreement.

Bulls Sign Carlik Jones To Exhibit 10 Contract

August 16th, 2022 at 4:04pm CST by Luke Adams

The Bulls have signed guard Carlik Jones to a training camp contract, as tweeted by Keith Smith of Spotrac and confirmed by Jones himself.

The deal is a one-year, non-guaranteed contract that includes Exhibit 10 language, Hoops Rumors has learned. That means it could be converted into a two-way contract before the regular season begins or it could put Jones in line for a bonus worth up to $50K if he’s waived and then spends at least 60 days with the Windy City Bulls, Chicago’s G League affiliate.

Jones, 24, went undrafted out of Louisville in 2021 and spent most of his first professional season with the Texas Legends, Dallas’ G League team. He made the All-NBAGL Third Team and the All-NBAGL Rookie Team by averaging 21.1 PPG, 7.5 APG, and 4.7 RPG in 33 regular season G League contests (35.6 MPG).

Jones also signed a 10-day contract with the Mavericks and another with the Nuggets, appearing in five NBA games as a rookie. He subsequently suited up for the Bulls in last month’s Las Vegas Summer League, registering 11.6 PPG, 6.2 APG, and 2.2 SPG with a scorching hot .548/.667/.846 shooting line in five appearances (24.7 MPG).

Chicago is carrying 15 players on guaranteed contracts, so there likely won’t be room for Jones on the regular season roster. However, the team has one two-way slot open and its only current two-way player, Justin Lewis, is facing ACL surgery, meaning there may be a path to a two-way deal for Jones.