Transactions Rumors | Hoops Rumors

Wizards Re-Sign Tristan Vukcevic To Two-Way Deal

July 3rd, 2024 at 12:24pm CST by Luke Adams

The Wizards have re-signed center Tristan Vukcevic on a two-way contract, according to NBA.com’s transaction log. Michael Scotto of HoopsHype confirmed the move (Twitter link).

Washington drafted Vukcevic with the 42nd pick in 2023, but he spent most of the season with KK Partizan in Serbia before joining the Wizards in March. He started four of the 10 games he played during his brief time in the NBA, averaging 8.5 points and 3.6 rebounds in 15.3 minutes per night.

The Wizards held a $2.42MM team option on Vukcevic for the 2024/25 season and could have issued him a qualifying offer to make him a restricted free agent after declining that option. However, neither move was necessary to bring him back on a more team-friendly contract.

While the Wizards traded away starting center Daniel Gafford at last season’s deadline, they should have no shortage of options at the five heading into 2024/25. The club drafted Alex Sarr with the No. 2 pick and agreed to a three-year deal with Jonas Valanciunas in free agency. Richaun Holmes and Marvin Bagley are among the other big men on the roster, though neither is owed guaranteed money beyond this season, so they could be trade candidates.

Given Washington’s depth up front and Vukcevic’s two-way contract that allows him to be transferred freely back and forth from the G League, he could end up seeing a good deal of action for the Capital City Go-Go.

Jaylon Tyson Signs Rookie Contract With Cavaliers

July 3rd, 2024 at 11:53am CST by Luke Adams

Former Cal wing Jaylon Tyson has signed his rookie scale contract with the Cavaliers, according to NBA.com’s transaction log.

Tyson, who spent his three college seasons at three different schools – Texas, Texas Tech, and Cal – had a breakout year in 2023/24 for the Golden Bears. He declared for the draft following a junior season in which he averaged 19.6 points, 6.8 rebounds, and 3.5 assists in 34.3 minutes per contest (31 games), with a shooting line of .509/.360/.796.

As the 20th overall pick in the 2024 draft, Tyson should be in line for a contract that pays him about $3.3MM in his rookie year and $16.1MM for four seasons, assuming his third- and fourth-year team options are picked up down the road.

With Tyson signed, the Cavaliers are now carrying 12 players on standard contracts, including 10 fully guaranteed salaries (Craig Porter has a partial guarantee, while Sam Merrill‘s salary is non-guaranteed).

Hornets Waive Marques Bolden

July 3rd, 2024 at 10:51am CST by Luke Adams

The Hornets have waived center Marques Bolden, the team announced today (via Twitter). He had been occupying one of the team’s two-way slots.

An undrafted free agent in 2019 out of Duke, Bolden has bounced back and forth between the NBA and the G League over the past five years. In 2023/24, he began the season on a two-way contract with the Bucks. After being waived by Milwaukee, he signed a 10-day contract with the Hornets, then stayed with Charlotte on a two-year, two-way deal.

Bolden appeared in just 11 games at the NBA level last season, averaging 3.4 points and 3.1 rebounds in 11.0 minutes per night. In 31 G League games for the Bucks’ and Hornets’ affiliates, the 26-year-old put up 12.6 PPG, 7.6 RPG, and 1.6 BPG in 24.6 MPG with a solid shooting line of .548/.429/.769.

Bolden was listed on the Summer League roster recently announced by the Warriors (Twitter link), so this move had been anticipated. The Hornets now have a pair of open two-way slots, with Leaky Black filling the third.

Lakers’ Bronny James Signs Standard Contract

July 3rd, 2024 at 10:28am CST by Luke Adams

JULY 3: James has officially signed a four-year contract with the Lakers, Charania confirms (via Twitter). According to Charania, it’s a $7.9MM deal, which means it’s almost certainly worth the rookie minimum — a four-year, minimum-salary deal for a rookie would work out to $7,895,796.

According to Michael Scotto of HoopsHype (Twitter link), the first two years will be guaranteed, with a partial guarantee of $1.3MM in year three. The fourth year is a team option.

JULY 2: No. 55 overall pick Bronny James will sign a standard contract with the Lakers that includes multiple guaranteed seasons, sources tell Shams Charania of The Athletic.

This has been the expectation for James once it became clear that the Lakers were targeting him at No. 55 in last week’s draft. Reports ahead of the draft indicated that Rich Paul was focused on getting Bronny a guaranteed 15-man roster spot rather than a two-way contract, which the agent later confirmed on the record.

Additionally, as John Hollinger of The Athletic observes, it’s not uncommon for potential luxury tax teams to sign late second-round picks to standard contracts for money-saving purposes, since they only count for the rookie minimum (about $1.16MM this season) instead of the veteran’s minimum of $2.09MM.

The Lakers will almost certainly use the second-round pick exception to sign James to a contract that covers either three or four seasons. The deal will include a team option on the final year.

Knicks, Alex O’Connell Agree To Exhibit 10 Deal

July 3rd, 2024 at 10:25am CST by Luke Adams

The Knicks intend to sign former Duke and Creighton wing Alex O’Connell to an Exhibit 10 contract, reports Ian Begley of SNY.tv (Twitter link).

O’Connell, who went undrafted in 2022, spent his first professional season with the Stockton Kings, appearing in 48 G League games and averaging 9.1 points, 4.2 rebounds, and 1.7 assists in 21.7 minutes per contest, with a shooting line of .476/.379/.769.

The Westchester Knicks acquired O’Connell’s rights from Stockton last September, but he ended up playing in Italy with Reyer Venezia in 2023/24, competing in the Lega Basket Serie A (Italy’s top league) and the EuroCup.

The 25-year-old impressed the Knicks at a recent free agent mini-camp and will be with the team for Summer League play, according to Begley. O’Connell appears likely to end up with the Westchester Knicks as a returning-rights player, though if he continues to impress this summer and fall, he could be a candidate to have his Exhibit 10 contract converted into a two-way deal.

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 can put a player in line to 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.

Bulls Sign Matas Buzelis To Rookie Contract

July 3rd, 2024 at 10:10am CST by Luke Adams

Rookie forward Matas Buzelis, the No. 11 pick in the 2024 draft, has signed his first NBA contract with the Bulls, according to NBA.com’s transaction log.

A 6’10” forward who played for the G League Ignite in 2023/24, Buzelis averaged 14.1 points, 6.6 rebounds, and 1.9 blocks in 31.0 minutes per game across 34 NBAGL outings. While there’s optimism among NBA evaluators about his ability to improve as a shooter, he made a modest 45.3% of his field goal attempts and 26.1% of his three-pointers for the Ignite.

Viewed as a possible top-five pick, Buzelis slipped out of the top 10 and will head to a Chicago team that’s in the midst of retooling its roster. The Bulls have already traded Alex Caruso for Josh Giddey, are prepared to lose DeMar DeRozan in free agency, and are looking to move Zach LaVine.

As our breakdown of this year’s rookie salaries shows, Buzelis will earn approximately $5.2MM in his first NBA season and nearly $24MM over the course of four years, assuming he signed for the maximum allowable 120% of the rookie scale (which virtually every first-rounder does). The third and fourth years of the deal will be team options.

Suns Sign Jalen Bridges To Two-Way Contract

July 2nd, 2024 at 8:56pm CST by Rory Maher

JULY 2: Bridges has officially signed his two-way contract with the Suns, per NBA.com’s transaction log.

JUNE 27: Baylor forward Jalen Bridges, who was ranked No. 53 on ESPN’s big board but ultimately went undrafted, has agreed to a two-way contract with the Suns, sources tell Shams Charania of The Athletic (Twitter link).

Charania hears Bridges was coveted by “several” suitors before accepting a two-way deal with Phoenix.

Bridges, who spent his first couple seasons with West Virginia before transferring to Baylor in 2022, averaged 12.2 PPG, 5.7 RPG and 1.1 SPG while converting 41.2% of his three-point looks in 35 games for the Bears in 2023/24 (31.7 MPG).

According to ESPN’s Jonathan Givony, Bridges has a sturdy frame and solid potential as a three-and-D role player if he can continue to make shots at a high level while minimizing mistakes on both ends of the court. However, he doesn’t provide much as a ball-handler or passer.

Bridges was ranked No. 3 on ESPN’s best available list among players who went undrafted.

Jazz’s Williams, Collier Sign Rookie Scale Contracts

July 2nd, 2024 at 7:35pm CST by Dana Gauruder

The Jazz have signed first round picks Cody Williams and Isaiah Collier, according to a team press release.

The 10th pick in last week’s draft, Williams will make $5,469,120 in his first season, assuming the usual 120% of the rookie scale figure given out by most teams to first-rounders. He’s due to make $24,897,090 during his first four years in the NBA.

Collier, the 29th pick, is eligibile to receive $2,512,680 in his first year and a total of $12,903,788 through his first four seasons.

Rookie scale contracts are guaranteed for the first two years, with team options on the third and fourth years.

The 6’8” Williams posted averages of 11.9 points, 3.0 rebounds, and 1.6 assists in 28.4 minutes per contest as a Colorado freshman. The 6’5” Collier, a 2023-24 Pac-12 All-Freshman team honoree at USC, averaged 16.3 points, 4.3 assists, and 1.5 steals in 27 games.

Celtics Sign Xavier Tillman To Two-Year Deal

July 2nd, 2024 at 7:08pm CST by Luke Adams

7:08pm: Tillman has officially re-signed with the Celtics, the club confirmed in a press release.

“When we got Xavier at the trade deadline, he came with the reputation of a winner and great teammate,” president of basketball operations Brad Stevens said in a statement. “Xavier is a hard worker who brings grit, toughness, and a team-first mentality that we appreciate. We are excited that Xavier has chosen to come back to the Celtics.”

4:04pm: Another free agent center is returning to Boston, according to Adrian Wojnarowski of ESPN, who reports (via Twitter) that Xavier Tillman has agreed to a two-year deal with the Celtics. It’ll be a fully guaranteed minimum-salary contract, per Adam Himmelsbach of The Boston Globe (Twitter links).

Tillman is the third Celtics free agent big man to reach a contract agreement with the team since the start of free agency, joining teammates Luke Kornet and Neemias Queta. Thirteen of the 15 players who finished the 2023/24 season on the Celtics’ standard roster now appear poised to return for ’24/25, with only Svi Mykhailiuk and Oshae Brissett unsigned.

Tillman spent his first three-and-a-half seasons in Memphis before being sent to the Celtics at February’s trade deadline. The 25-year-old didn’t see a ton of action down the stretch in Boston, averaging 4.0 points, 2.7 rebounds, and 1.0 assist in 13.7 minutes per contest across 20 regular season appearances. He then logged just 69 total playoff minutes during the team’s title run.

Still, Tillman is a solid interior defender showed in Memphis that he was capable of playing a slightly larger role than the one he had in Boston.

While the Celtics will have no shortage of frontcourt options with Kornet and Queta also returning, Kristaps Porzingis is expected to miss at least the first month or two of the season while recovering from leg surgery and the team won’t want to lean too heavily on Al Horford, so there will be minutes available.

Luke Kornet Re-Signs With Celtics

July 2nd, 2024 at 7:06pm CST by Arthur Hill

JULY 2: The Celtics have re-signed Kornet, the team announced in a press release. Since free agent contracts worth more than the minimum can’t be finalized during the July moratorium, this is official confirmation that Kornet’s deal is a minimum-salary contract.

“Luke has been an integral part of our team over the past few years,” president of basketball operations Brad Stevens said in a statement. “He is the ultimate teammate and his attitude and spirit have a contagious effect on our team. On the court, Luke had his best season as a Celtic and played a big role in helping us win. We are excited about the impact he’ll have moving forward.”

JUNE 30: The Celtics have reached an agreement with Luke Kornet on a one-year contract, according to ESPN’s Adrian Wojnarowski (Twitter link).

Terms of the deal weren’t released, but given Boston’s financial restrictions, it’s almost certainly another veteran’s minimum contract. With seven years of NBA experience, Kornet is projected to make $2.8MM next season.

The 28-year-old center has played an important role off the Celtics’ bench over the past two seasons and saw regular rotation minutes throughout this year’s championship run. He appeared in 63 games during the regular season, making seven starts and averaging 5.3 points and 4.1 rebounds in 15.6 minutes per night.

Re-signing Kornet became a bigger priority after the announcement that Kristaps Porzingis will be sidelined five-to-six months after surgery, which means he’ll miss the start of next season. The team doesn’t want to overwork 38-year-old center Al Horford, so it needs productive big men off its bench.

Kornet began his NBA career with New York in 2017 and spent time with Chicago, Cleveland and Milwaukee before coming to Boston. He will be an unrestricted free agent again next summer.