Transactions Rumors | Hoops Rumors

Wizards, Bradley Beal Complete Five-Year Max Deal

July 6th, 2022 at 2:48pm CST by Rory Maher

JULY 6: The Wizards have officially announced Beal’s new contract, putting out a press release to confirm the deal.

“I have been blessed to call the city of Washington my home and the Wizards organization and our fans my family for the last 10 years, growing as a player, a leader, a husband and a father along the way,” Beal said in a statement. “Today represents such a special moment in my life.

“I could not be more grateful to have the opportunity to continue to partner with (Wizards owner) Ted (Leonsis), (president of basketball operations) Tommy (Sheppard), (head coach) Wes (Unseld Jr.) and the entire organization in moving forward to achieve our dream of bringing championships to D.C. and, just as importantly, to help our community continue to accomplish amazing things together.”

JUNE 30: The Wizards and Bradley Beal have agreed to a five-year, maximum-salary contract that will keep the star guard in D.C., agent Mark Bartelstein tells Adrian Wojnarowski of ESPN (Twitter link).

Beal’s new contract will pay him a $251,019,650 over the five years. The most a rival team could have offered would have been $186,100,778 over four years.

Beal declined his $36.4MM player option for 2022/23 in order to become an unrestricted free agent and maximize his earnings. He indicated in both March and May that he was leaning toward re-signing with the Wizards, so the news is expected.

The 29-year-old missed the final 33 games of the season because of an injured left wrist. He recently said the recovery process is going well and estimates that 80-90% of his range of motion has returned.

A three-time All-Star, Beal has been the subject of trade rumors for years but has remained loyal to Washington. Now that loyalty has paid off in a major way. He’ll get a chance to play a full season with Kristaps Porzingis, who was acquired at the February trade deadline, for the first time next season.

Beal finished second in the NBA in scoring in both ’19/20 and ’20/21, averaging more than 30 PPG in each season, but slumped a bit last year by his lofty standards, averaging 23.2, 4.7 RPG and 6.6 APG in 40 games (36 MPG). One potentially alarming statistic is that Beal’s three-point percentage has declined each of the past three seasons, with a career-low 30% in ’21/22, although his 6.6 assists per game represented a career-high.

Beal’s contract will pay him through his age 33 season, at which point he’ll become a free agent. Given his mediocre defense, it’s fair to question whether he’s worth more than $57MM in ’26/27, but there was never any doubt that he’d receive a max contract this summer.

Lakers Officially Sign Lonnie Walker

July 6th, 2022 at 1:57pm CST by Luke Adams

The Lakers have officially announced the signing of swingman Lonnie Walker, confirming the move today in a press release. Walker’s agreement with Los Angeles was first reported last Thursday night.

It’s the fourth free agent deal the Lakers have made official since the start of free agency last week. Minimum-salary contracts, like the ones signed by Damian Jones, Juan Toscano-Anderson, and Troy Brown, can become official during the July moratorium, but Walker’s one-year, $6.5MM contract is being completed using L.A.’s taxpayer mid-level exception and had to wait until the moratorium lifted today.

Walker, the 18th pick of the 2018 draft, spent his first four seasons with the Spurs. The 23-year-old has displayed a ton of athleticism and has shown glimpses of potential since his entering the NBA, but struggled with his scoring efficiency last season, posting a .407/.314/.784 shooting line.

In 70 games (23 MPG) with San Antonio in 2021/22, Walker averaged 12.1 PPG, 2.6 RPG and 2.2 APG.

The Spurs decided to withdraw Walker’s qualifying offer just before free agency opened, making him an unrestricted free agent and clearing a path for him to sign with any team.

Walker should have an opportunity to play a regular rotation role on a revamped Lakers roster and will be looking to build his value back up before he returns to free agency in 2023. He said today that he’d welcome the opportunity to start for L.A., but his primary focus is winning (Twitter link via Kyle Goon of The Southern California News Group).

Hawks Trade Kevin Huerter To Kings

July 6th, 2022 at 12:52pm CST by Luke Adams

JULY 6: The trade is now official, according to a press release from the Hawks. Within the team’s announcement, president of basketball operations Travis Schlenk referred to Holiday and Harkless as “two defensive-minded, quality veterans who can help our team on the court and in the locker room.”

JULY 1: The Hawks and Kings have agreed to a trade that will send sharpshooter Kevin Huerter to Sacramento, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

According to Wojnarowski, Atlanta will receive forwards Justin Holiday and Maurice Harkless in the deal, along with a future first-round pick.

That first-rounder will be the Kings’ own 2024 selection and will be lottery-protected, reports Chris Kirschner of The Athletic (Twitter link). If it doesn’t convey immediately, it would be top-12 protected in 2025 and top-10 protected in 2026. If it still hasn’t changed hands by that point, the Hawks would instead receive two second-rounders, says Kirschner.

The Kings have clearly made it a priority this offseason to add reliable outside shooting to complement their two stars, De’Aaron Fox and Domantas Sabonis. Huerter made a career-high 38.9% of his three-pointers in 2021/22, attempting 5.6 per game.

Neither Fox nor Sabonis is a major threat from beyond the arc, but they should be surrounded by solid floor-spaces. In addition to striking a deal for Huerter, the Kings have also drafted Keegan Murray and agreed to sign Malik Monk since the offseason began.

The Hawks, meanwhile, will replenish their stash of draft assets slightly after giving up three first-round picks and a swap to acquire Dejounte Murray earlier in the week.

Atlanta will also move off Huerter’s four-year, $65MM contract, creating a little extra long-term flexibility and also shedding some salary in the short term. As Yossi Gozlan of HoopsHype tweets, Atlanta is hovering right around the tax line for 13 players.

While the Hawks will miss Huerter’s shooting, their first-round pick, AJ Griffin, was considered one of the top marksmen in this year’s draft class and should help make up for that loss. Assuming both are retained, Holiday and Harkless also offer some defensive versatility that Huerter lacked.

The Hawks have now agreed to acquire two of the Holiday brothers today — they also reached a deal to sign point guard Aaron Holiday.

Jazz Trade Rudy Gobert To Timberwolves

July 6th, 2022 at 12:22pm CST by Luke Adams

JULY 6: Gobert has officially been traded from Utah to Minnesota, the Timberwolves confirmed today in a press release.

JULY 1: The Jazz are trading three-time Defensive Player of the Year Rudy Gobert to the Timberwolves, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

According to Wojnarowski (all Twitter links), the Jazz will receive Malik Beasley, Patrick Beverley, Jarred Vanderbilt, Leandro Bolmaro, 2022 first-round pick Walker Kessler, and four future first-rounders in the deal.

Minnesota will send Utah unprotected first-round picks in 2023, 2025, and 2027, along with a top-five protected 2029 first-round pick and the right to swap first-rounders in 2026, reports Jon Krawczynski of The Athletic (Twitter link).

A major shake-up had been expected in Utah this spring and Gobert has been mentioned in trade rumors since the Jazz were eliminated from the postseason. On top of that, the Wolves were rumored to be in the market for a rim-protecting center to play alongside Karl-Anthony Towns, and had been linked to Gobert.

Still, the fact that the two division rivals were able to agree to terms on this blockbuster deal comes as a major surprise. It represents a huge home-run swing by new Timberwolves president of basketball operations Tim Connelly and incoming owners Marc Lore and Alex Rodriguez, and is the first significant roster move made by Jazz CEO Danny Ainge.

The move will cost the Timberwolves a good amount of their depth, but will create a loaded starting five. Towns and Gobert figure to be joined by point guard D’Angelo Russell, rising star Anthony Edwards, and one of Kyle Anderson, Taurean Prince, or Jaden McDaniels.

The Wolves will have Gobert under contract for several years — he’s owed a guaranteed $123MM over the next three seasons and has a $46.7MM player option for 2025/26.

Minnesota currently projects to be about $9.5MM below this season’s luxury tax line, with 11 players on their books, tweets ESPN’s Bobby Marks.

Meanwhile, of the players headed to Utah in this trade, only Kessler will have guaranteed money on his contract beyond 2022/23. Beverley is on an expiring contract, while Beasley, Vanderbilt, and Bolmaro all have team options for ’23/24.

The Jazz are currently $11MM below this year’s tax line for 13 players and should have significant cap flexibility in future seasons, says Marks.

Having also acquired a first-round pick from Brooklyn this week in exchange for Royce O’Neale, the Jazz are now loaded with draft assets and plan to retool their roster around Donovan Mitchell going forward, per Wojnarowski (Twitter link). Tony Jones of The Athletic confirms (via Twitter) that the team has no plans to trade Mitchell.

There could be an opportunity for the Jazz to turn around and immediately flip some of the picks they’ve accumulated for an impact player who will complement Mitchell.

For instance, John Gambadoro of Arizona Sports 98.7 reports (via Twitter) that Utah has some interest in exploring a sign-and-trade deal for Suns restricted free agent center Deandre Ayton, and Kevin O’Connor of The Ringer confirms (via Twitter) that the Wolves, Jazz, and Suns had discussed some three-team scenarios.

After seeing multiple unprotected first-round picks change hands this week in deals involving Gobert and Dejounte Murray, it’s safe to say the Nets’ asking price for Kevin Durant will be astronomical. Brooklyn is said to be seeking a “historical haul” for the former MVP.

Trail Blazers Acquire Jerami Grant From Pistons

July 6th, 2022 at 12:08pm CST by Arthur Hill

JULY 6: With the July moratorium over, the Trail Blazers and Pistons have officially completed the Grant trade, according to press releases from both teams.

“Jerami Grant is a dynamic two-way forward that can impact winning at a high level,” Blazers GM Joe Cronin said in a statement. “He fits seamlessly into Coach (Chauncey) Billups’ system on both sides of the ball. We could not be happier to have him in Portland.”

JUNE 22: The Pistons have agreed to trade forward Jerami Grant to the Trail Blazers, tweets Adrian Wojnarowski of ESPN.

In return, Detroit will receive the Bucks’ 2025 first-round pick, which is top-four protected, according to Wojnarowski.

The teams will also swap second-round picks in this year’s draft, with Detroit sending No. 46 to Portland in exchange for No. 36, sources tell Wojnarowski (Twitter link). Additionally, the Pistons will get their own 2025 second-round selection back from the Blazers, and Portland will send out either its own 2026 second-rounder or the Pelicans’ ’26 second-rounder (whichever is more favorable).

Portland will acquire Grant with the $21MM trade exception created in the CJ McCollum deal, and the Pistons will have about $43MM in cap space heading into free agency (Twitter link).

The Trail Blazers’ pursuit of Grant dates back to at least the trade deadline, and they were able to add him while holding on to the No. 7 overall pick in Thursday’s draft.

Grant averaged 19.2 points and 4.1 rebounds in 47 games this season and should help with Portland’s desire to rebuild quickly after a down season. He became a focal point of the offense during the last two seasons in Detroit after playing more of a secondary three-and-D role during previous stops in Oklahoma City and Denver. While the 28-year-old won’t be the go-to option in Portland, he should have an opportunity to be an important piece of the Blazers’ lineup alongside Damian Lillard and RFA-to-be Anfernee Simons.

Grant has one year left on his current contract at $20.955MM. He’s eligible for a veteran extension and the Blazers will likely pursue that possibility at some point before he reaches unrestricted free agency in 2023. Once the deal becomes official, Portland could only offer Grant up to $45.1MM for two years, but he’d become eligible for a four-year extension worth up to $112.7MM six months after the trade.

Nuggets Trade Morris, Barton To Wizards For KCP, Smith

July 6th, 2022 at 11:51am CST by Luke Adams

JULY 6: The trade is now official, according to a press release from the Wizards.

“We’re very excited to add Monte and Will as proven players at the point guard and shooting guard positions, two areas that were top priorities for us to address during this offseason,” president of basketball operations Tommy Sheppard said in a statement. “Monte has steadily improved his all-around game and is coming off a career year while Will has been a consistent scorer and three-point threat during his time in Denver, and both are obviously familiar with Coach Unseld’s system and style.”

JUNE 29: The Wizards and Nuggets have reached an agreement on a trade that will send point guard Monte Morris and wing Will Barton to Washington in exchange for swingman Kentavious Caldwell-Pope and point guard Ish Smith, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

Shams Charania of The Athletic (Twitter link) first reported that the two teams were nearing an agreement.

The Wizards, who had previously been linked to Morris, will get a much-needed point guard upgrade in the trade, adding a player who was considered one of the NBA’s best backups before being thrust into a starting role last season as Jamal Murray recovered from ACL surgery.

In his first year as a full-time starter, Morris averaged 12.6 PPG, 4.4 APG, and 3.0 RPG on .484/.395/.869 shooting in 75 games (29.9 MPG). The Nuggets received calls from more than 20 teams about the 27-year-old, per Mike Singer of The Denver Post.

Washington will also acquire Barton, a solid shooter and scorer who has averaged 14.0 PPG, 5.0 RPG, and 3.3 APG with a .362 3PT% in 479 regular season games for the Nuggets since arriving in Denver in 2015.

Wizards head coach Wes Unseld Jr. is very familiar with both players, having previously served as a Nuggets assistant.

The move reduces the likelihood of the Wizards seriously pursuing a point guard like Tyus Jones in free agency or Malcolm Brogdon via trade.

Meanwhile, the Nuggets will add a player they had been targeting since the trade deadline in Caldwell-Pope, according to Singer. Denver views Caldwell-Pope as a two-way upgrade on the wing, values his championship experience with the Lakers, and would be interested in retaining him beyond next season, Singer adds.

Caldwell-Pope, 29, averaged 13.2 PPG and made 39.0% of his three-pointers for the Wizards in 2021/22, while playing his usual strong defense.

As for Smith, he’ll provide depth at point guard for a Nuggets team that should have Murray back this fall and saw Bones Hyland enjoy a breakout season as a rookie. Assuming Smith plays in at least one game for Denver, it’ll be his 13th NBA team, breaking a league record, tweets Matt Williams of ESPN.

As Bobby Marks of ESPN notes (via Twitter), if no more players are added to the four-player deal, the two teams will have to wait until after the July moratorium to make it official, since the Wizards are taking on several million more dollars than they’re sending out, while the Nuggets save a little money on next season’s payroll.

Caldwell-Pope ($14MM) and Smith ($4.73MM) entered the offseason without fully guaranteed salaries for 2022/23, but Caldwell-Pope locked in his guarantee on Tuesday and Smith is on track to receive as well in order to adhere to salary-matching rules and make the deal legal. Non-guaranteed salary doesn’t count in trades for outgoing purposes.

Caldwell-Pope, Smith, and Barton ($14.38MM) will all be on expiring contracts next season and are eligible for unrestricted free agency in 2023. Morris will earn $9.13MM in ’22/23 and $9.8MM in ’23/24 before becoming an unrestricted free agent.

The Nuggets will likely absorb Smith’s incoming contract using part of the $8.2MM trade exception they created in last week’s JaMychal Green trade. That would allow them to create a new larger trade exception, worth at least Morris’ outgoing salary ($9.13MM), per Marks.

Nets Re-Sign Kessler Edwards

July 6th, 2022 at 11:37am CST by Luke Adams

The Nets have officially signed free agent wing Kessler Edwards to a new multiyear contract, the team announced today in a press release. Exact terms of the deal aren’t yet known, but Michael Scotto of HoopsHype (Twitter link) reports that it’s a two-year agreement with a second-year team option.

The 44th overall pick in the 2021 draft, Edwards spent most of his rookie year on a two-way contract, then was signed to a standard deal right before the end of the regular season in order to make him playoff-eligible.

Edwards showed promise in his first NBA season, averaging 5.9 points and 3.6 rebounds per game in 48 appearances (20.6 MPG). The former Pepperdine standout posted a .412/.353/.842 shooting line and even made 23 starts when the team’s depth was impacted by injuries and COVID-19.

The Nets declined Edwards’ minimum-salary player option last week in order to give him a qualifying offer and make him a restricted free agent. That QO was later rescinded, making him unrestricted, but it appears Brooklyn’s interest in bringing back the former second-round pick never wavered.

The Nets have now signed or agreed to terms with three free agents in the last two days, having also struck deals on Tuesday with forward T.J. Warren and guard Edmond Sumner. The club now projects to have 13 of its 15 standard roster spots filled, though obviously trades involving Kevin Durant and/or Kyrie Irving could change that.

John Wall Signs Two-Year Deal With Clippers

July 5th, 2022 at 8:33pm CST by Luke Adams

July 8: Wall’s deal with the Clippers is now official, the team announced (via Twitter). “John is one of the great downhill drivers and shot creators of his era,” said president of basketball operations Lawrence Frank. “He will add depth to our backcourt with his initiating, passing and point-of-attack defense.”

July 1: The Clippers and point guard John Wall have formally agreed to terms on a two-year contract worth $13.2MM, according to a tweet from Klutch Sports Group.

Wall reached a buyout agreement earlier in the week with the Rockets and was officially cut on Tuesday, clearing waivers on Thursday. Reporting at the time of his agreement with Houston indicated that he intended to join the Clippers, likely on a deal worth the taxpayer mid-level exception. His agency has now confirmed that’s the case.

Wall gave back a reported $6.5MM of his $47MM+ salary for 2022/23 in his buyout with the Rockets. That’s almost the exact amount the taxpayer MLE is worth for 2022/23.

Wall has played in just 72 regular season contests since the 2017/2018 season. Much of that missed time was due to injuries, including heel surgery and a ruptured Achilles tendon. However, he was believed to be healthy last season when he and the Rockets reached an agreement to keep him away from the team as Houston focused on developing its young backcourt.

Wall put up solid numbers during 40 games with the Rockets in 2020/21, averaging 20.6 PPG and 6.9 APG, though he shot a career-worst 40.4% from the field. His production peaked in ’16/17, when he averaged 23.1 and 10.7 APG for Washington.

The 31-year-old, who has five All-Star appearances on his résumé, will join a veteran-heavy Clippers team that aims to compete for a title in 2022/23 with a healthy Kawhi Leonard and Paul George back in the lineup. Wall will likely share ball-handling duties with guards like Reggie Jackson, Terance Mann, and Norman Powell in addition to those star forwards.

The Clippers have 11 players on guaranteed contracts, with Wall, Nicolas Batum, and Amir Coffey set to sign new deals. That leaves just one open spot on the club’s projected 15-man regular season roster.

Grizzlies Sign Kennedy Chandler To Four-Year Deal

July 5th, 2022 at 7:02pm CST by Rory Maher

JULY 6: The Grizzlies have officially signed Chandler, according to the transactions log at NBA.com.

JULY 5: The Grizzlies are signing second-round pick Kennedy Chandler to a four-year, $7.1MM contract, his agent Ryan Davis tells Shams Charania of The Athletic and Stadium (Twitter link).

According to Charania, Chandler’s rookie contract contains $4.94MM in guaranteed money, which is the most an American second-rounder has ever received.

A four-year, minimum-salary contract would have been worth $6.94MM, so Chandler will likely receive a little more than the minimum in his rookie season.

The Grizzlies acquired Chandler in a draft-day trade from the Spurs in exchange for the Lakers’ 2024 second-round pick and cash. He was the 38th selection of the 2022 NBA draft.

Chandler was ranked 20th on ESPN’s big board prior to the draft, so he slid a bit to fall into the second round. The Memphis native averaged 13.9 PPG, 3.2 RPG, 4.7 APG and 2.2 SPG on .464/.383/.606 shooting in 34 games (30.8 MPG) as a freshman for Tennessee this past season.

Although he stands just 6’0″, Chandler is an excellent athlete and has a reputation as a strong defender. The 19-year-old recorded the highest max vertical leap (41.5″) and the second-fastest shuttle run (2.89) among all participants who were tested at the NBA draft combine in May.

Chandler is a true point guard, capable of distributing and getting to his spots at a high level. He’s currently starting for Memphis’ Summer League squad against Philadelphia in Salt Lake City, recording six points, three rebounds, three assists, two steals and two blocks through nearly three quarters of action, per ESPN.

As Chris Herrington of The Daily Memphian observes (Twitter links), Chandler’s deal is pretty similar to the contract Xavier Tillman received from the Grizzlies as the 35th pick in 2020 ($6.5MM over four years, with $4.6MM guaranteed). The Grizzlies had to use part of their mid-level exception to give Chandler a four-year deal, Herrington notes.

Mavericks Sign Jaden Hardy To Three-Year Deal

July 5th, 2022 at 6:46pm CST by Rory Maher

JULY 7: The Mavericks have officially signed Hardy, per NBA.com’s transactions log.

JULY 5: The Mavericks are signing second-round pick Jaden Hardy to a three-year contract, league sources tell longtime reporter Marc Stein (Twitter links).

As Stein explains, the Mavs had hoped to sign Hardy to a four-year deal, but because they project to be a taxpaying team next season, they will be limited to three years instead of four. According to Stein, Dallas is using slightly more than $1MM of its taxpayer mid-level exception to sign Hardy, the portion the team withheld in its deal with veteran JaVale McGee.

Hardy, who turns 20 today, was the 37th overall pick of the June 23 draft. The Mavericks traded their 2024 and 2028 second-rounders to move into the draft and acquire Hardy, whom the Mavs reportedly had 19th on their board, per ESPN’s Tim MacMahon.

A five-star recruit exiting high school and at one point a projected top-five pick, Hardy spent last season with the G League Ignite, posting solid averages of 17.7 PPG, 4.6 RPG and 3.2 APG in 12 games (32.2 MPG). However, his offensive efficiency (3.5 turnovers per game and .351/.269/.882 shooting splits) and lackluster defense caused his draft stock to slide, as he was rated as a late first-rounder by ESPN before being selected 37th overall.

Once the signings of Hardy, McGee and Theo Pinson become official, the Mavs will have 14 of their 15 standard roster spots filled.