Transactions Rumors | Hoops Rumors

Trail Blazers Waive Norvel Pelle

September 4th, 2022 at 12:30pm CST by Alex Kirschenbaum

The Trail Blazers have opted to waive camp signing Norvel Pelle, the team announced in a press statement.

Pelle, who signed an Exhibit 10 deal with Portland last month, inked a pair of 10-day hardship deals – one with the Celtics and one with the Jazz – during the 2021/22 season. In three contests for Utah, the 29-year-old big man scored six points and six rebounds in 19 total minutes.

A 6’10” center who went undrafted in 2013, Pelle played off and on for several seasons with the Sixers’ Delaware affiliate, during the team’s tenures as the 87ers and Blue Coats. He also played internationally for clubs in Taiwan, Beirut, and Italy.

After spending some time with the Cavaliers’ G League affiliate, Pelle eventually made his NBA debut in 2019 with the Sixers. He has since played for the Nets, Kings and Knicks, appearing in a total of 40 games at the NBA level.

With Pelle off their roster, the Trail Blazers currently have 17 players heading into training camp. It was reported earlier today that the club is signing 23-year-old center Olivier Sarr to a training camp deal — he’ll join guards Jared Rhoden and Isaiah Miller as the Portland players on Exhibit 10 contracts.

Trail Blazers Signing Olivier Sarr To Exhibit 10 Deal

September 4th, 2022 at 8:54am CST by Arthur Hill

Free agent big man Olivier Sarr will sign an Exhibit 10 contract with the Trail Blazers, tweets ESPN’s Adrian Wojnarowski.

The 23-year-old center spent most of last season with the Thunder, signing a pair of 10-day deals starting in late December and then agreeing to a two-way contract in February. He was waived in April, four days before the end of the regular season. Sarr appeared in 22 games for OKC, making two starts, and averaged 7.0 points and 4.2 rebounds in 19.1 minutes per night.

He took part in a Lakers mini-camp in June and played for the Suns in the Las Vegas Summer League.

Sarr’s signing will bring Portland up to 19 players, one short of the offseason maximum, with training camp about three weeks away. The Blazers also have Norvel Pelle, Jared Rhoden and Isaiah Miller on Exhibit 10 contracts.

Knicks Officially Announce RJ Barrett’s Extension

September 1st, 2022 at 4:08pm CST by Luke Adams

The Knicks have officially signed forward RJ Barrett to a rookie scale extension, the team announced today in a press release.

While the Knicks’ didn’t specify the terms of the deal in their announcement, previous reports indicated that Barrett’s new four-year contract, which will go into effect in 2023/24, will include $107MM in guaranteed money and could be worth up to $120MM with incentives related to All-Star, All-NBA, and All-Defensive selections.

“We are thrilled to announce a well-deserved extension for RJ Barrett, a core piece of our team’s foundation,” Knicks president of basketball operations Leon Rose said in a statement. “At only 22 years old, he has elevated his game each season, solidifying himself as a force on both ends of the court. We believe he will continue to improve because of his passion for the game and dedication to his craft. We want to continue to build our team and culture around players like RJ who possess these values and qualities.”

Fittingly, the Knicks announced Barrett’s extension at almost exactly the same time word broke that the Jazz were trading Donovan Mitchell to Cleveland. The Knicks and Jazz reportedly had extensive discussions about Barrett as a possible centerpiece in a trade for Mitchell, with New York setting a Monday night deadline to either agree to a trade or extend the former No. 3 overall pick.

Barrett’s extension didn’t rule out the possibility that the Jazz and Knicks could work out a Mitchell trade, even one involving Barrett. However, it put those trade discussions on the back burner at least temporarily, opening the door for the Cavs to swoop in and finalize a trade for Mitchell themselves.

With Mitchell no longer available, it’s a safe bet Barrett will be a Knick in 2022/23. If he’s not included in another trade for a star down the road, he’s on track to remain in New York all the way through at least the ’26/27 season — his new deal reportedly doesn’t include any player or team options, so he won’t be eligible for free agency until the summer of 2027.

A former star at Duke, Barrett has steadily increased his scoring average in his three NBA seasons with the Knicks, registering a career-high 20.0 PPG in 70 games (34.5 MPG) in 2021/22. He also contributed 5.8 RPG and 3.0 APG while shooting .408/.342/.714 last season.

Those shooting marks were a step down from his career bests in ’20/21 (.441/.401/.746), but the presence of newly acquired point guard Jalen Brunson this season should help boost Barrett’s scoring efficiency.

Raptors Sign Josh Jackson To Non-Guaranteed Deal

August 31st, 2022 at 3:00pm CST by Rory Maher

3:00pm: Jackson’s contract is non-guaranteed, a source tells Blake Murphy of Sportsnet (Twitter link).

2:26pm: The Raptors have signed free agent swingman Josh Jackson, the team announced (via Twitter). While the terms of the deal were not disclosed, it would be surprising if Jackson received a fully guaranteed contract.

The No. 4 overall pick of the 2017 draft after one season at Kansas, Jackson has struggled to gain traction in the NBA after being a highly touted but raw prospect.

Jackson was drafted by Phoenix, where he spent his first two seasons, then was traded to Memphis in the 2019 offseason. Memphis declined the team option on the fourth year of his rookie contract, so despite being a high pick, he only spent three of a possible four years on his rookie deal.

Jackson signed a two-year, $9.77MM contract with Detroit ahead of the 2020/21 season, but his on-court results were a mixed bag. He was in and out of the Pistons’ rotation last season and was later traded to the Kings at the February deadline in the four-team deal that sent Marvin Bagley III to Detroit.

Unfortunately, Jackson played even less for Sacramento than he had for Detroit, appearing in just 12 games for a total of 123 minutes.

In 291 career games, including 92 starts (23.1 MPG), the 25-year-old holds averages of 11.3 PPG, 4.0 RPG and 1.8 APG on .416/.292/.680 shooting. Jackson has good size (6’8″, 207 pounds) and above-average athleticism for a wing, but struggles to score efficiently, turns the ball over a lot (two more turnovers than assists in his career), and isn’t a great defender even though he has the tools for it.

The Raptors currently have 17 players on standard deals, including 13 with fully guaranteed contracts, according to our roster count. Jackson will likely be among the group that includes Dalano Banton, Justin Champagnie and D.J. Wilson as players battling for the final spots on the 15-man roster.

Spurs, Jalen Adaway Agree To Exhibit 10 Deal

August 31st, 2022 at 8:22am CST by Luke Adams

The Spurs and undrafted rookie free agent Jalen Adaway are in agreement on an Exhibit 10 deal, reports ESPN’s Adrian Wojnarowski (via Twitter).

Adaway began his college career at Miami University in Ohio before transferring to St. Bonaventure. As a senior in 2021/22, the 6’5″ guard averaged 15.3 PPG and 5.9 RPG on .474/.376/.826 shooting in 32 games (37.8 MPG) for the Bonnies. He was named to the All-Atlantic 10 First Team.

Although he didn’t hear his name called on draft night in June, Adaway caught on with the Heat’s Summer League team, appearing in six total contests for Miami at the San Francisco and Las Vegas Summer Leagues. Now, it appears he’ll get an opportunity within the Spurs’ organization.

It’s unclear whether Adaway will get a legitimate chance to compete for a regular season roster spot on an already crowded San Antonio squad, but his Exhibit 10 contract would put him in line for a bonus worth up to $50K if he’s waived before the season and then joins the Austin Spurs as a G League affiliate player for at least 60 days.

Knicks Agree To Extend RJ Barrett, Complicating Donovan Mitchell Talks

August 30th, 2022 at 4:51am CST by Luke Adams

The Knicks and forward RJ Barrett are finalizing a four-year rookie scale contract extension that could be worth up to $120MM, agent Bill Duffy tells Adrian Wojnarowski of ESPN.

The exact base value of Barrett’s new deal isn’t yet known, but Ian Begley of SNY.tv reports (via Twitter) that there are bonuses tied to All-Star, All-NBA, and All-Defensive selections. In other words, it sounds like the former No. 3 overall pick would have to play at a very high level to earn the full $120MM.

A former star at Duke, Barrett has steadily increased his scoring average in his three NBA seasons with the Knicks, registering a career-high 20.0 PPG in 70 games (34.5 MPG) in 2021/22. He also contributed 5.8 RPG and 3.0 APG while shooting .408/.342/.714 last season. Those shooting marks were a step down from his career bests in ’20/21 (.441/.401/.746).

According to Wojnarowski, the Barrett extension will complicate the Knicks’ discussions with the Jazz about a potential Donovan Mitchell trade. Sources tell ESPN that those talks intensified over the weekend as the two teams made some progress, but there was still a gap between what each side was willing to do.

Knicks president of basketball operations Leon Rose set a Monday night deadline to either agree to a deal for Mitchell or commit to an extension for Barrett, per Wojnarowski, who notes that the “poison pill provision” will now almost certainly ensure that the former Blue Devil won’t be part of a package for Mitchell.

As we outline in our glossary entry, a player who signs a rookie scale extension but remains on his rookie contract has different outgoing and incoming salary-matching figures, which is referred to as a “poison pill” — in Barrett’s case, the gap between his outgoing and incoming figures will exceed $15MM, according to Wojnarowski. That would make it extremely challenging for both the Knicks and Jazz to send out and take back a legal amount of salary if Barrett is part of a package for Mitchell.

As Wojnarowski explains, Barrett was a “staple” in several of the proposals for Mitchell that the Jazz and Knicks discussed, with Utah highly valuing the 22-year-old. While New York had apparently been willing to include Barrett, the two teams were still at an impasse over the possible inclusion of Quentin Grimes and the number of unprotected first-round picks in the package, per ESPN.

It remains possible that the Knicks and Jazz will agree to a deal that doesn’t include Barrett, but that would require the Knicks to give up “far more” draft assets than they’ve been willing to surrender thus far, sources tell Wojnarowski.

For now, the two teams are backing off those trade talks, but the Jazz aren’t engaged in serious discussions with any other suitors about Mitchell, so neither they nor the Knicks have ruled out the possibility of resuming their talks before training camps begin in four weeks.

As Wojnarowski notes, Barrett’s extension will end an ignominious streak for the Knicks, as he’ll become the team’s first first-round pick since Charlie Ward in 1999 to sign a multiyear contract extension following his rookie deal.

Barrett will also become the fifth player to finalize a rookie scale extension this offseason. While his deal won’t be worth as much as the maximum-salary extensions signed by Ja Morant, Zion Williamson, and Darius Garland, it will exceed Keldon Johnson‘s four-year, $74MM contract.

Assuming Barrett’s new extension doesn’t include any options, it will keep him under team control through the 2026/27 season.

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.