Transactions Rumors | Hoops Rumors

Cavaliers Re-Sign RJ Nembhard To Two-Way Deal

July 2nd, 2022 at 6:12pm CST by Luke Adams

The Cavaliers have re-signed free agent shooting guard RJ Nembhard to a two-way contract, according to NBA.com’s transactions log.

After going undrafted out of TCU in 2021, Nembhard spent his rookie season with the Cavs. He joined the team for training camp on an Exhibit 10 contract, had it converted to a two-way deal, was promoted to the 15-man roster in March, then was waived and signed another two-way contract near the end of the season.

Nembhard only played 63 total minutes across 14 appearances at the NBA level for the Cavs, but was a key member of the Cleveland Charge in the G League, averaging 24.5 PPG, 8.2 RPG, and 5.3 APG in 15 regular season games (38.3 MPG).

The Cavs liked what they saw from Nembhard enough to issue him a two-way qualifying offer earlier this week. It’s possible he simply accepted that QO, which is for another two-way deal with a $50K guarantee.

Nembhard and second-round pick Isaiah Mobley now hold the Cavs’ two-way contract slots.

Keegan Murray Signs With Kings

July 2nd, 2022 at 6:00pm CST by Arthur Hill

Keegan Murray, the No. 4 pick in this year’s draft, has officially signed with the Kings, tweets James Ham of ESPN 1320.

Assuming Murray receives the standard 120% of the rookie scale, he will make approximately $8MM during his first season and $36.4MM during the four-year contract.

Murray was a first-team All-American as a sophomore at Iowa, averaging 23.5 points and 8.7 rebounds per game. He was also a first team All-Big 10 selection and was named MVP of this year’s conference tournament.

Murray, who will turn 22 next month, was among the oldest prospects in this year’s draft and there was some speculation that his age might work against him. The Kings weren’t concerned, however, and selected Murray ahead of Purdue guard Jaden Ivey, who had been projected as a top-four pick.

“Keegan is an incredibly versatile, well-rounded player with a high basketball IQ,” said Sacramento general manager Monte McNair. “He will be a tremendous asset to our team, and we are excited to welcome him to the Kings family.”

Heat Sign Nikola Jovic

July 2nd, 2022 at 5:06pm CST by Arthur Hill

First-round pick Nikola Jovic has officially signed with the Heat, the team announced in a press release.

The Serbian forward was the 27th pick in this year’s draft. Assuming he receives the full 120% of the rookie scale, which is standard, Jovic will earn approximately $2.2MM in his first season and $11.5MM across the four-year deal.

The 19-year-old averaged 11.7 points per game this season while playing for Mega Basket in Europe’s ABA League. He was named the league’s top prospect for the just-completed season and was Junior ABA League MVP in 2021.

Jovic is making his debut with Miami in today’s Summer League California Classic in San Francisco.

Cavaliers Sign Ochai Agbaji, Isaiah Mobley

July 2nd, 2022 at 3:58pm CST by Luke Adams

The Cavaliers have officially signed 2022 draft picks Ochai Agbaji and Isaiah Mobley, the team announced today in a press release.

The 14th overall pick in last week’s draft, Agbaji received the rookie scale contract that is standard for first-round picks. Assuming he signed for the full 120% of the rookie scale, which is the norm, he’ll earn approximately $3.9MM in year one and $18.7MM across four years.

The 22-year-old Agbaji won an NCAA championship with Kansas as a senior in 2021/22 and enjoyed his best college season, averaging 18.8 PPG and 5.1 RPG with a shooting line of .475/.407/.743 in 39 games (35.1 MPG).

Mobley, the brother of rising Cavaliers star Evan Mobley, signed a two-way contract. Isaiah, who played alongside Evan at USC in 2020/21, stuck with the Trojans for another year and averaged 14.2 PPG, 8.3 RPG, and 3.3 APG in 32 games (34.1 MPG) as a junior before declaring for the draft. He was the 49th overall pick last Thursday.

The Cavs’ other draftee, No. 56 overall pick Luke Travers, remains unsigned. It’s unclear if he’ll be stashed overseas for the 2022/23 season or if he’s in the mix for Cleveland’s other two-way slot.

Hornets Re-Sign Cody Martin To Four-Year Deal

July 2nd, 2022 at 2:35pm CST by Luke Adams

JULY 6: The Hornets have officially re-signed Martin, the team announced in a press release.

“Re-signing Cody was one of our offseason priorities, and we’re excited to have him return to the Hornets,” president of basketball operations Mitch Kupchak said in a statement. “He is an exceptional defender, plays hard at both ends of the floor and has improved all aspects of his game since entering the NBA. Cody will continue to be a valuable member of our team as we move forward.”

JULY 2: The Hornets and restricted free agent Cody Martin have reached an agreement on a multiyear deal, reports Rod Boone of The Charlotte Observer (via Twitter). According to Shams Charania of The Athletic (via Twitter), Martin is signing a four-year, $32MM contract to remain in Charlotte.

Martin, 26, has spent his first three NBA seasons with the Hornets and emerged as a key part of the team’s rotation in 2021/22. He averaged an extra 10 minutes per game and improved his numbers across the board, setting new career highs in PPG (7.7), RPG (4.0), APG (2.5), SPG (1.2), FG% (.482), and 3PT% (.384).

A second-round pick in 2019, Martin earned a total of $4.47MM in his first three years in the NBA, so his new deal represents a major pay increase. Because the Hornets held his Bird rights, they won’t need to dip into their mid-level exception to complete the signing.

The deal with Martin is the first move of what has been a relatively quiet free agent period in Charlotte so far. In the weeks leading up to free agency, it was assumed that sorting out Miles Bridges‘ contract situation would be the Hornets’ top priority. However, Bridges was arrested and charged with felony domestic violence this week.

With Bridges’ NBA future up in the air, the Hornets shifted their focus to re-signing their other key restricted free agent wing. It’s unclear to what extent Martin explored the open market, but Charlotte would have had the ability to match any offer sheet he signed. The two sides avoided any drama by negotiating a new directly.

Martin’s twin brother Caleb Martin is one of the top free agents still on the board. Cody and Caleb ranked 28th and 29th, respectively, on the final iteration of our list of this year’s top 50 free agents.

Thunder Sign Eugene Omoruyi To Two-Way Contract

July 2nd, 2022 at 2:34pm CST by JD Shaw

2:34pm: The Thunder have officially signed Omoruyi to a two-way deal, per a team press release.

2:11pm: The Thunder are signing free-agent swingman Eugene Omoruyi to a two-way contract, his agent Mike George of One Legacy Sports told ESPN’s Adrian Wojnarowski (Twitter link). Oklahoma City now has both of its two-way spots filled, as the other is occupied by Lindy Waters III.

Omoruyi went undrafted in 2021 and spent time with the Mavericks on a two-way deal last year. He suffered a season-ending injury in December and was subsequently waived. The 25-year-old averaged 15.8 points and 6.6 rebounds in eight G League games, shooting 45% from the floor.

Omoruyi spent three seasons at Rutgers and one season at Oregon before declaring for the 2021 NBA Draft. At 6’6″ and 235 pounds, he has the ability to play and defend multiple positions for the Thunder and their G League affiliate.

Hornets Sign Mark Williams, Bryce McGowens

July 2nd, 2022 at 12:30pm CST by JD Shaw

The Hornets have signed center Mark Williams to his rookie contract, the team announced in a press release today. Williams was drafted No. 15 overall by the club in this year’s draft. Charlotte also announced the team’s second-round pick, Bryce McGowens, has officially signed his two-way deal.

Assuming the typical 120% of the rookie scale, Williams’ deal will be worth $18MM across four seasons. He’ll make $3.7MM in his first year with the team. The 7’0″ big man averaged 11.2 points, 7.4 rebounds and 2.8 blocks in 23.5 minutes per game at Duke last season.

McGowens, a 19-year-old guard, started in all 31 games he played with Nebraska last year. He averaged 16.8 points and 5.2 rebounds per game, shooting 40% from the floor and 27% from deep.

Both Williams and McGowens will play for Charlotte during the Las Vegas Summer League, which begins next week. The Hornets missed the playoffs last season and finished with a 43-39 record.

Buddy Boeheim Signs Two-Way Deal With Pistons

July 2nd, 2022 at 11:33am CST by Alex Kirschenbaum

JULY 2: The Pistons have officially signed Boeheim to a two-way contract, according to a team press release.

JUNE 24: Former Syracuse guard Buddy Boeheim has agreed to a two-way contract with the Pistons, reports Dave McMenamin of ESPN (via Twitter).

The 6’6″ wing played for four seasons with the Orange, under the tutelage of his father, legendary coach Jim Boeheim. McMenamin adds that Boeheim was the ACC’s leading scorer during the 2021/22 college season. He was named to the 2022 All-ACC First Team.

In his senior season, the 22-year-old averaged 19.2 PPG, 3.4 RPG, 3.1 APG, and 1.5 SPG in 38.0 MPG while starting in all 32 games he played. He was a full-time starter during his final three college seasons. He sported shooting splits of .406/.341/.884.

Beyond the addition of new rookie Boeheim, Detroit has had a busy draft night. The Pistons selected two lottery players, Purdue guard Jaden Ivey (No. 5) and Memphis center Jalen Duren (No. 13), and the draft rights to a high second-round pick, Fortitudo Bologna guard Gabriele Procida, thanks to a trade with the Trail Blazers that netted Detroit the No. 36 selection.

Pistons Sign Lottery Pick Jaden Ivey

July 2nd, 2022 at 11:16am CST by Dana Gauruder

The Pistons have signed lottery pick Jaden Ivey to his rookie scale contract, the team tweets.

The Purdue point guard was chosen with the No. 5 overall pick. Ivey’s deal, assuming the usual 120% of the rookie scale, will be for four years and $32,951,083. His first-year salary, under those terms, will be $7,252,200.

Ivey is expected to jump right into Detroit’s rotation and pair up in the backcourt with last year’s No. 1 overall pick, Cade Cunningham.

Detroit is also acquiring No. 13 overall pick, center Jalen Duren, from a draft-night trade. However, it cannot officially sign Duren until that trade becomes official.

Grizzlies Sign Three Draft Picks, Kenneth Lofton Jr.

July 2nd, 2022 at 10:27am CST by Dana Gauruder

The Grizzlies have signed first-round draft picks Jake LaRavia and David Roddy to multi-year contracts, the team tweets.

LaRavia, who played for Wake Forest last season, was acquired by Memphis with the No. 19 overall pick pursuant to a draft-night trade with the Timberwolves. His rookie scale contract, under the latest salary cap, could go four years and can be worth up to $14,763,367.

Roddy, who played for Colorado State last season, was acquired by the Grizzlies with the No. 23 overall pick after a trade with the 76ers. His rookie scale deal can go four years and be worth up to $12,985,886.

The Grizzlies also announced that wing Vince Williams Jr. and big man Kenneth Lofton Jr. have signed two-way contracts (Twitter link).

Williams Jr., the No. 47 overall pick of this year’s draft, was selected to the 2021/22 All-Atlantic 10 First Team during his senior year at VCU.

The Grizzlies’ decision to give Lofton a two-way deal was previously reported. He was named to the All-Conference USA First Team during his sophomore year at Louisiana Tech last season but went undrafted.

With Williams and Lofton on two-way deals, the Grizzlies have waived guard Tyrell Terry, who signed a two-year, two-way contract last season. Terry, drafted by Dallas in 2020, appeared in two games with Memphis in ’21/22.

The Grizzlies still have one unsigned draftee, No. 38 pick Kennedy Chandler. His deal will likely be completed once the July moratorium ends.