Transactions Rumors | Hoops Rumors

Trail Blazers Waive Didi Louzada

August 29th, 2022 at 4:09pm CST by Dana Gauruder

5:12pm: The Blazers will use the waive-and-stretch provision to get under the tax threshold, Michael Scotto of HoopsHype tweets.

4:09pm: The Trail Blazers have waived wing Didi Louzada, according to a team press release.

Louzada was part of the blockbuster deal with New Orleans that sent CJ McCollum to the Pelicans. At the time, Louzada was recovering from meniscus surgery. He wound up making seven appearances for Portland late last season, averaging 5.0 PPG in 17.4 MPG.

Louzada was entering the second year of a four-year, $7,686,312 contract he signed with New Orleans. The Trail Blazers will take a cap hit of $1,876,222 this season but the last two years of the contract were not guaranteed.

Louzada, a 2019 second-round pick, was one of 15 players with guaranteed contracts on Portland’s roster. The Trail Blazers now have 18 players and can add two more before training camp.

The Blazers could elect to use the stretch provision, Bobby Marks of ESPN notes in a tweet. August 31 is the last day to use the waive-and-stretch provision and Louzada would count as $268,032 annually (over seven seasons) if the Blazers go that route. That would put Portland under the luxury tax threshold.

Raptors Waive Svi Mykhailiuk

August 29th, 2022 at 1:00pm CST by Luke Adams

1:00pm: The Raptors have officially waived Mykhailiuk, per NBA.com’s transactions log.

11:06am: The Raptors are waiving Svi Mykhailiuk, according to Shams Charania of The Athletic (Twitter link), who says the veteran shooting guard will seek a “fresh start” with a new club.

Currently suiting up for Ukraine’s national team, Mykhailiuk spent the 2021/22 season with the Raptors after signing a two-year, minimum-salary deal with the team last almost exactly one year ago.

The 25-year-old, who previously spent time with the Lakers, Pistons, and Thunder, played a modest role in Toronto, averaging 4.6 PPG and 1.6 RPG on .389/.306/.865 shooting in 56 regular season appearances (12.8 MPG).

Following his down year, Mykhailiuk exercised his player option for 2022/23, but his spot on the Raptors’ roster for the coming season always appeared tenuous. Toronto has a number of viable candidates for back-end spots on its 15-man regular season squad and has enough breathing room below the luxury tax line to eat Mykhailiuk’s $1,878,720 guaranteed salary and carry another player without becoming a taxpayer.

Once Mykhailiuk is officially waived, the Raptors will have 13 players on guaranteed contracts, with Dalano Banton, D.J. Wilson, and Justin Champagnie also vying for roster spots on partially guaranteed deals.

Additionally, Toronto still has two-way qualifying offers out to David Johnson and Jalen Harris, despite having filled its two-way slots with Jeff Dowtin and Ron Harper Jr. — it remains possible that Johnson and/or Harris will factor into the 15-man roster competition. Gabe Brown is also in the picture, but he’s on an Exhibit 10 contract and would probably need to have a huge preseason to earn real consideration for a regular season roster spot.

If the Raptors officially cut Mykhailiuk this afternoon, he’ll clear waivers and become an unrestricted free agent on Wednesday, assuming he goes unclaimed.

Nets Sign Yuta Watanabe

August 28th, 2022 at 4:34pm CST by JD Shaw

The Nets have signed free agent Yuta Watanabe, the team announced in a press release. The terms of the agreement weren’t revealed, but Michael Scotto of HoopsHype reports (via Twitter) that Brooklyn signed Watanabe to a one-year, non-guaranteed contract.

A 6’8″ forward, Watanabe has played in 121 NBA games across four seasons with the Grizzlies and Raptors. He appeared in 38 contests with Toronto last season, averaging 4.3 points and 2.4 rebounds in 11.7 minutes per outing. He also shot 41% from the floor and 34% from three-point range.

Brooklyn has 15 players on its 20-man offseason roster. One of those players (Alondes Williams) is on a two-way deal, while the other 14 are on standard contracts — in addition to the 12 with fully guaranteed salaries, Watanabe is now on a non-guaranteed deal and Edmond Sumner has a partial guarantee. Watanabe will presumably join the team for training camp with a chance to earn a roster spot this fall.

The Nets are coming off a tumultuous summer headlined by Kevin Durant‘s trade request. With Durant and the team recently agreeing to move forward with their partnership, the club is now focused on competing for a championship.

David Duke Jr. Likely To Return To Nets On Two-Way Deal

August 26th, 2022 at 4:43pm CST by Alex Kirschenbaum

Free agent guard David Duke Jr. will likely rejoin the Nets on his second two-way contract, sources tell Chris Milholen of NetsDaily.

The Nets tendered a two-way contract offer to Duke earlier this summer. Duke had initially passed on the proposal and was reportedly eyeing a spot on Brooklyn’s 15-man standard roster, but it sounds like he’s prepared to accept the two-way offer.

Duke would be Brooklyn’s second two-way player, joining former Wake Forest guard Alondes Williams. As Milholen notes, the 6’5″ guard will earn about $502K (half the rookie minimum) on the deal, and could have his two-way deal converted into a standard contract later on in the season.

After going undrafted out of Providence, Duke averaged 4.7 PPG, 3.0 RPG and 1.8 APG in 22 games with Brooklyn for the 2021/22 season. In Summer League play this year, he put up 19.0 PPG on 50% shooting, along with 4.6 RPG and 4.0 APG.

Duke’s return to the fold would bring the total sum of Nets players to 15 ahead of training camp. The team has 12 players inked to fully guaranteed deals, along with the partially-guaranteed contract of Edmond Sumner and the aforementioned duo of two-way players.

Brooklyn can still sign up to five players to its 20-man offseason roster and is reportedly considering some veteran big men for bench depth.

Raptors Sign Second-Rounder Christian Koloko

August 26th, 2022 at 4:11pm CST by Rory Maher

The Raptors have signed second-round pick Christian Koloko to a multiyear contract, the team announced today in a press release.

According to Blake Murphy of Sportsnet (Twitter link), Toronto used a portion of its mid-level exception to give Koloko a three-year contract. He’ll earn $1.5MM in 2022/23 and minimum salaries the following two seasons, Murphy reports.

Since the Raptors already gave Otto Porter Jr. $6MM of their mid-level exception in free agency, using an additional $1.5MM on Koloko will push them over the taxpayer portion ($6,479,000) of the MLE, so Toronto will be hard-capped for the rest of the season, meaning the team will be unable to surpass the tax apron of $156,983,000. Currently, the Raptors’ team salary is below the luxury tax line of $150,267,000, so the hard cap shouldn’t be a pressing issue.

The 33rd pick of June’s draft, Koloko was one of only three remaining players who was drafted, had yet to be signed, and wasn’t expected to play overseas. The other two players are Pelicans forward E.J. Liddell, who unfortunately suffered a torn ACL in Summer League, and Pacers forward Kendall Brown.

The long delay in Koloko’s signing was speculated to be tied to Kevin Durant‘s trade request out of Brooklyn, as the Raptors likely wanted to keep their options open in case of a deal. However, Durant and the Nets are said to be “moving forward” together, and now Toronto has signed its lone 2022 draft pick.

A 7’1″ big man from Cameroon, Koloko most recently played for the Raptors in Summer League, appearing in five games (22 MPG) while averaging 7.8 PPG, 4.2 RPG, 1.8 SPG and a team-high 2.2 BPG.

Koloko played three seasons of college ball at Arizona, earning numerous accolades for his breakout junior season in ’21/22, including Pac-12 Defensive Player of the Year, Most Improved Player, and first-team All-Pac-12. In 37 games (25.4 MPG) for the Wildcats last season, he averaged 12.6 PPG, 7.3 RPG and 2.8 BPG while shooting 63.5% from the floor and 73.5% from the line.

Spurs Sign Tommy Kuhse

August 26th, 2022 at 2:40pm CST by Luke Adams

AUGUST 26: The deal for Kuhse is now official, the Spurs have revealed in a press release.

AUGUST 25: The Spurs have agreed to sign free agent guard Tommy Kuhse, a source tells our JD Shaw (Twitter link).

Kuhse, 24, spent his five-year college career at Saint Mary’s, averaging 12.2 PPG, 3.7 APG, and 3.7 RPG on .494/.450/.808 shooting in 34 games (30.0 MPG) as a “super-senior” in 2021/22. He helped lead the team to a blowout victory over Indiana in the first round of this year’s NCAA tournament by racking up 19 points and six assists.

After going undrafted in June, Kuhse joined the Magic for the Las Vegas Summer League last month and performed admirably in his three appearances, averaging 17.3 PPG on .583/.400/1.000 shooting in just 23.2 minutes per contest.

Terms of Kuhse’s deal weren’t disclosed, but given the crowded state of the Spurs’ roster and the fact that he’s an undrafted rookie, the contract seems likely to be non-guaranteed. If it includes Exhibit 10 language, it would create a path for Kuhse to be converted to a two-way deal or to earn a bonus worth up to $50K if he becomes an affiliate player for the Austin Spurs, San Antonio’s G League team.

The Spurs currently have 18 players officially under contract, including 14 on guaranteed salaries. Keita Bates-Diop and Tre Jones are on standard deals that aren’t fully guaranteed, while Dominick Barlow and Jordan Hall are the team’s two-way players. San Antonio has also reportedly reached deals with Alize Johnson and Kyler Edwards.

Spurs Sign Alize Johnson To Camp Deal

August 26th, 2022 at 1:43pm CST by Luke Adams

AUGUST 26: The Spurs have officially signed Johnson, the team announced today in a press release.

AUGUST 16: The Spurs have reached an agreement on a one-year contract with forward/center Alize Johnson, agent George Langberg tells Adrian Wojnarowski of ESPN (Twitter link).

Wojnarowski says the deal is worth $2MM, which suggests it’s a minimum salary contract. Johnson’s minimum this season is $1,968,175. The contract will be a non-guaranteed camp deal, according to Jeff McDonald of The San Antonio Express-News (Twitter link).

Johnson, 26, has bounced around the NBA since being selected with the No. 50 pick in the 2018 draft, appearing in a total of 72 games for Indiana, Brooklyn, Chicago, Washington, and New Orleans, including 23 in 2021/22 for the Bulls, Wizards, and Pelicans. He averaged 1.8 PPG and 2.7 RPG in 7.2 minutes per contest last season.

The Spurs are already carrying 13 players on fully guaranteed contracts, with Keita Bates-Diop and Tre Jones also on standard deals. San Antonio would have to trade or release one of those 15 players in order to make room for Johnson on the regular season roster in October.

Nuggets Sign Justin Tillman

August 26th, 2022 at 10:47am CST by Alex Kirschenbaum

AUGUST 26: The Nuggets have officially signed Tillman, according to RealGM’s NBA transactions log.

The Grand Rapids Gold – the Nuggets’ G League affiliate – announced in a press release on Thursday that they’ve obtained Tillman’s returning player rights, signaling that they expect the big man to suit up for them in 2022/23.

AUGUST 12: The Nuggets have agreed to terms on a deal with free agent power forward Justin Tillman, agent Daniel Hazan informs Chris Haynes of Yahoo Sports (Twitter link).

Since going undrafted out of VCU in 2018, Tillman has played for clubs in South Korea, Israel, Italy, Turkey, and Puerto Rico. He also appeared in eight games for the Grizzlies’ NBAGL affiliate, the Memphis Hustle, during the 2018/19 season.

Haynes notes that Tillman was an All-G League First-Teamer for the 2021/22 season. The 6’8″ big man averaged 13.1 PPG, 7.6 RPG and 0.6 BPG for the Hawks’ G League affiliate, the College Park Skyhawks, in 14 games.

Denver is currently carrying 15 guaranteed contracts on its roster, meaning Tillman’s deal is most likely an Exhibit 10 training camp agreement. The Nuggets also have both their two-way player slots filled.

Hawks Sign Chris Silva

August 25th, 2022 at 6:15pm CST by Alex Kirschenbaum

The Hawks have signed free agent power forward Chris Silva, the team announced in a press release. Terms of the contract have not been disclosed.

Atlanta has 13 players signed to guaranteed contracts, plus Tyrese Martin on a partially guaranteed deal. Should Martin stick with the Hawks through January 7, his contract will become fully guaranteed for the rest of the 2022/23 season.

Since going undrafted in 2019, the 25-year-old Silva has played sparingly in 69 contests for the Heat, Kings, and Timberwolves. He holds NBA career averages of 2.9 PPG (on 60.6% shooting) and 3.9 RPG. In 29 NBAGL games with Iowa last season, the 2018 SEC Co-Defensive Player of the Year posted averages of 16.5 PPG and 10.2 RPG.

The Hawks have two players on two-way contracts, with former Wichita State guard Tyson Etienne on a training camp contract. Given the timing of Silva’s deal, it seems possible the 6’8″ big man out of South Carolina is also joining Atlanta on an Exhibit 10 agreement.

The Timberwolves’ G League affiliate, the Iowa Wolves, announced today that they’ve received the returning player rights to guard Nik Stauskas from the Hawks’ NBAGL club, the College Park Skyhawks, in exchange for Silva’s rights. That trade is a signal that Atlanta may plan on Silva heading to College Park to start the 2022/23 season.

Jazz Trade Patrick Beverley To Lakers

August 25th, 2022 at 2:10pm CST by Luke Adams

2:10pm: The trade is now official, the Jazz announced in a press release.

5:39am: The Lakers and Jazz are finalizing a trade that will send guard Patrick Beverley to Los Angeles in exchange for Talen Horton-Tucker and Stanley Johnson, reports Adrian Wojnarowski of ESPN. Sources tell Wojnarowski that the deal is on track to be completed on Thursday.

Beverley, 34, is a talented perimeter defender who can be a positive contributor on offense as well. He helped get the Timberwolves back to the playoffs last season, averaging 9.2 points, 4.6 assists, and 4.1 rebounds per game in 58 appearances (25.4 MPG). He’s also a career 37.8% three-point shooter across 10 NBA seasons.

Beverley, who is on an expiring $13MM contract, was traded from Minnesota to Utah as part of the Rudy Gobert blockbuster last month. However, he was always viewed as a candidate to be flipped to a new team, given that the Jazz are in retooling mode.

According to Wojnarowski, Beverley – who was in Los Angeles as a Clipper from 2017-21 – was enthusiastic about the idea of joining the Lakers in a trade and was “thrilled” to learn of the agreement between L.A. and Utah.

The Lakers had long been viewed as a potential suitor for Nets point guard Kyrie Irving, who was considered the team’s top trade target this offseason. However, once Kevin Durant withdrew his trade request and it became clear that Irving would likely remain in Brooklyn, Los Angeles pivoted to acquiring another point guard without having to include Russell Westbrook and draft compensation in the deal.

Johnson, who is on an expiring minimum-salary contract for 2022/23, is an NBA journeyman, so Horton-Tucker is the centerpiece of the package headed to Utah. The former second-round pick had an up-and-down 2021/22 season for the Lakers, averaging 10.0 PPG, 3.2 RPG, and 2.7 APG in 60 games (25.2 MPG), but struggling to score efficiently, with a modest shooting line of .416/.269/.800.

Horton-Tucker is still only 21 years old, so the Jazz presumably view the athletic wing as a player with some untapped potential. He’s under contract for $10.26MM in 2022/23, with an $11.02MM player option for the ’23/24 season.

Both the Lakers and Jazz are candidates to make additional deals before the season begins.

L.A. still has Westbrook and its 2027 and 2029 first-round picks to dangle in trade discussions, and the idea of making a play for the Pacers duo of Buddy Hield and Myles Turner is even more intriguing now that the club has fortified its backcourt by agreeing to acquire Beverley. For now, the Lakers have $34MM in cap room for the summer of 2023, per ESPN’s Bobby Marks (Twitter link), which will be a factor the team considers as its weighs additional trades.

In Utah, meanwhile, Donovan Mitchell remains a trade candidate, and the Jazz would likely be open to discussing deals involving veterans like Bojan Bogdanovic, Jordan Clarkson, Malik Beasley, Mike Conley, and Rudy Gay as well.