Transactions Rumors | Hoops Rumors

Taurean Prince Signs Two-Year Extension With Timberwolves

June 30th, 2022 at 4:47pm CST by Dana Gauruder

JUNE 30: Prince’s extension is now official, according to the Timberwolves (Twitter link).

JUNE 28: Taurean Prince is returning to the Timberwolves on a two-year, $16MM extension, ESPN’s Adrian Wojnarowski tweets.

Prince was headed to unrestricted free agency but had expressed a strong desire to remain in Minnesota, and the team is locking up to an extension that will keep him off the market.

Shortly after the season, Prince said he planned to return, adding that the strong camaraderie in the Wolves’ locker room is something he hasn’t experienced since college. He praised head coach Chris Finch, comparing him to Mike Budenholzer, who coached Prince in Atlanta at the start of his NBA career.

The second year of Prince’s new contract will be non-guaranteed, Jon Krawczynski of The Athletic tweets. It’ll represent a slight pay cut for Prince, who signed a two-year, $25.25MM contract with Brooklyn in 2019 and earned $13.3MM this past season.

Prince averaged 7.3 PPG and 2.5 RPG on .454/.376/.756 shooting in 69 regular season games (17.1 MPG) during his first year in Minnesota. The Wolves held his Bird rights, so they had the ability to go over the cap to re-sign him without using any other exceptions.

Jazz Waive Juancho Hernangomez

June 30th, 2022 at 4:03pm CST by Dana Gauruder

4:03pm: The Jazz have officially waived Hernangomez, the team announced in a press release.

3:01pm: The Jazz are waiving forward Juancho Hernangomez, according to The Athletic’s Shams Charania and Tony Jones (Twitter link).

His $7,307,130 salary for next season would have fully guaranteed if he had remained on the roster beyond Thursday. The move was expected and gives Utah more room to manuever as it reshapes its roster.

Hernangomez, 26, played for three teams while getting dealt four times last season. He played 18 games with Boston, five with San Antonio and 17 with the Jazz. He saw action in 17 games with Utah, including nine starts, and averaged 6.2 PPG and 3.5 RPG in 17.5 MPG.

Spurs Expected To Waive Danilo Gallinari

June 30th, 2022 at 2:47pm CST by Dana Gauruder

The Spurs are expected to waive forward Danilo Gallinari now that their blockbuster trade with the Hawks is official, Adrian Wojnarowski of ESPN tweets.

Gallinari is part of the Dejounte Murray deal. His partial guarantee was increased in order to complete the trade.

His $21.45MM salary next season had only been partially guaranteed for $5MM. His partial guarantee is believed to have been increased by an additional $5-6MM or so to match Murray’s incoming salary. San Antonio will get some cap relief by waiving him before his full salary becomes guaranteed.

Gallinari, 33, is expected to draw interest from contenders in both conferences. The Bulls, Celtics, and Heat are among the teams that have already been linked to him, and Gallinari has interest in those clubs, according to Dave McMenamin of ESPN, who tweets that the forward will be seeking mid-level type money.

Gallinari is a 38.1% career 3-point shooter and has averaged double digits in points since his second NBA season. He averaged 11.7 PPG and 4.7 RPG in 25.3 MPG over 66 regular season games (18 starts) last season.

Spurs Trade Dejounte Murray To Hawks

June 30th, 2022 at 2:39pm CST by Luke Adams

JUNE 30: The trade is official, the Hawks announced in a press release.

“The opportunity to acquire a player of Dejounte’s caliber, just entering his prime, doesn’t come along too often,” Hawks president of basketball operations Travis Schlenk said in a statement. “He has developed into one of the elite two-way guards in the league and we’re thrilled to add him to our group.”

In addition to the pieces detailed below, Atlanta also acquired big man Jock Landale from San Antonio. As Yossi Gozlan of HoopsHype tweets, in order to complete the trade before the new league year began, the Spurs needed to add a little more salary to match Gallinari’s $21.45MM incoming figure, even though it’s not fully guaranteed.

According to Kirschner (Twitter link), it’s not clear yet whether the Hawks plan to keep Landale, whose minimum-salary contract for 2022/23 isn’t fully guaranteed.

JUNE 29: The Spurs have reached an agreement to trade guard Dejounte Murray to the Hawks for a package that includes Danilo Gallinari and multiple first-round picks, reports Adrian Wojnarowski of ESPN (Twitter link). San Antonio will receive three first-rounders and a draft swap, tweets Shams Charania of The Athletic.

According to Wojnarowski and Chris Kirschner of The Athletic (Twitter links), the three picks going to the Spurs will be Charlotte’s 2023 first-rounder (top-16 protected) and the Hawks’ own 2025 and 2027 first-rounders. San Antonio will also have the right to swap first-round selections with Atlanta in 2026.

Those 2025 and 2027 picks – along with the 2026 swap – will be unprotected, tweets John Hollinger of The Athletic.

Marc Stein first reported (via Twitter) that momentum was building toward a Murray trade, noting that the Knicks and Timberwolves were also among the guard’s known suitors. Atlanta has been the team most frequently linked to Murray though, having reportedly explored deals for him dating back to February’s trade deadline.

The deal represents a major backcourt upgrade for the Hawks, who will add an All-Star – and one of the league’s best perimeter defenders – to complement All-NBA guard Trae Young without giving up any players from their projected 2022/23 roster.

It’s not clear if trade candidate John Collins will still be in Atlanta when the ’22/23 season begins, but he’s not part of this deal after having being included in earlier Murray-related rumors.

Murray enjoyed a breakout season in 2021/22, averaging 21.1 PPG, 9.2 APG, 8.3 RPG, and a league-leading 2.0 SPG with a shooting line of .462/.327/.794 in 68 games (34.8 MPG). The 25-year-old was the runner-up for the Most Improved Player award.

Murray’s ability and versatility on defense make him an ideal backcourt partner for Young, who is said to be “ecstatic” about the move, according to Chris Haynes of Yahoo Sports (Twitter link). Murray is under contract for the next two seasons and is owed just over $34MM during that time.

The Spurs’ motives for making the deal are a little less obvious than the Hawks’, since it’s not as if Murray was on an entirely different timeline than the team’s young core, but perhaps he wasn’t part of the club’s plans beyond his current contract. San Antonio’s decision to accept a package heavy on distant draft picks rather than current players signals that short-term contention probably isn’t in the cards as the front office looks toward the future.

The Hornets’ 2023 pick will be lottery-protected in 2024 and 2025 if it doesn’t convey next year, then would turn into two second-round picks if it hasn’t conveyed by that point. The Hawks’ own picks – and the 2026 swap – could be more significantly more valuable, especially if the team takes a downturn within the next few years.

Gallinari’s $21.45MM salary had only been partially guaranteed for $5MM and was set to become fully guaranteed if he remained under contract through today.

The veteran forward probably isn’t in the Spurs’ plans at that full $21.45MM figure, so the most likely outcome is that he’ll have his partial guarantee increased by another $6MM-ish in order to legally match Murray’s salary, then will be waived. Gallinari may agree to push back his salary guarantee date in order to give the teams time to complete the trade and ensure that he receives that extra money, though that’s just my speculation at this point.

Pistons, Kemba Walker Finalizing Buyout Agreement

June 30th, 2022 at 8:05am CST by Arthur Hill

For a second straight summer, Kemba Walker is on track to be bought out. ESPN’s Adrian Wojnarowski reports (via Twitter) that the Pistons and Walker are finalizing a buyout agreement that will pave the way for him to become a free agent.

Technically, Walker isn’t even a Piston yet. The Knicks have agreed to a deal that will send him to Detroit, but it’s not official and likely won’t be until after the July moratorium ends next week, so the veteran point guard will have to wait a little longer to officially become a free agent.

Still, if he and the Pistons have a buyout agreement in place, the team presumably won’t stand in the way of him talking to potential suitors in the hopes of lining up a new deal.

Walker is under contract for $9.2MM next season. The veteran’s minimum salary for a player with more than 10 years of experience projects to be just shy of $3MM, according to Bobby Marks of ESPN (Twitter link), so Walker is likely to give up roughly that amount in his buyout with Detroit.

The Pistons intend to leave Walker’s dead money on their 2022/23 cap rather than stretching it across three seasons, tweets James L. Edwards III of The Athletic.

A four-time All-Star, the 32-year-old guard has been hampered by knee injuries the past two years. He appeared in 37 games for the Knicks this season, but was benched for a while in November and December and was eventually shut down in mid-February. He was limited to 25.6 minutes per night and averaged 11.6 points, 3.0 rebounds and 3.5 assists.

Walker also reached a buyout with the Thunder last August after the Celtics traded him to Oklahoma City. He signed with the Knicks four days later.

Thunder Decline Muscala’s Team Option, Pick Up Roby’s

June 29th, 2022 at 9:14pm CST by Rory Maher

The Thunder have declined their 2022/23 team option on Mike Muscala and exercised their option on Isaiah Roby, according to Michael Scotto of HoopsHype and Keith Smith of Spotrac (Twitter links).

Muscala’s option was worth $3.5MM and declining it makes him an unrestricted free agent. Roby’s $1,930,681 contract for next season is currently non-guaranteed, but will become fully guaranteed on July 3, per Smith.

Muscala, 30, had arguably the best season of his nine-year career in ’21/22, averaging 8 PPG and 3 RPG on .456/.429/.842 shooting in 43 games. While those figures are relatively modest, he averaged just 13.8 MPG, so he was quite productive on a per-minute basis.

Ankle surgery in March ended Muscala’s season prematurely, which is why he only appeared in 43 contests last season. Teams looking for a reserve big man capable of making three-pointers (37.7% career) could do worse than Muscala, who will likely be pretty affordable.

In his third season with Oklahoma City, the 6’8″ Roby averaged a career-best 10.1 PPG along with 4.8 RPG on .514/.444/.672 shooting in 45 games (21.1 MPG).

His season was a study in halves, as Roby rarely saw action before the All-Star break (22 games, 15.1 MPG) and spent time in the G League. In the second half of the season when most of the Thunder’s roster was decimated by injuries, Roby averaged 13.1 PPG, 5.9 RPG, 2.4 APG, 1 SPG and 1 BPG in 23 games, including 20 starts (26.8 MPG).

Wolves Pick Up Team Options On Naz Reid, Jaylen Nowell

June 29th, 2022 at 6:27pm CST by Rory Maher

The Timberwolves are picking up the 2022/23 team options on Naz Reid and Jaylen Nowell, sources tell Jon Krawczynski of The Athletic (Twitter link).

Both players will earn $1,930,681 next season, and both deals are non-guaranteed. Reid’s contract will become guaranteed on July 20, while Nowell’s guarantee date is in January.

As Krawczynski notes (via Twitter), both reserves were productive last season, but were essentially depth pieces in the postseason, so neither player has a clear-cut standing on Minnesota’s roster going forward. However, head coach Chris Finch recently praised Nowell, according to Chris Hine of The Star Tribune.

“We saw in short stints out there what he’s able to do,” Finch said of Nowell. “He’s an x-factor, he’s a game-changer. I think everybody needs that. He has the ability to create his own basket, he has the ability to attack switching. He’s actually an underrated play-maker.”

Finch added that the Wolves wants to find regular minutes for him going forward.

“… But now we’re trying to figure out how to get a role, a more consistent role, for him, and we want him to feel as a part of our young core as anybody else that’s here,” he said as part of a larger quote.

Both Reid, a center, and Nowell, a guard, will turn 23 this summer. In 77 games (15.6 MPG) last season, Reid averaged 8.3 PPG and 3.9 RPG on .484/.343/.765 shooting, with his minutes, points and rebounds all declining from ’20/21.

Nowell averaged 8.5 PPG, 2.0 RPG and 2.1 APG on .475/.394/.783 shooting in 62 games (15.7 MPG) in ’21/22. Both players are entering their fourth seasons and have spent their entire careers with Minnesota.

Celtics’ Sam Hauser To Become Restricted Free Agent

June 29th, 2022 at 5:31pm CST by Rory Maher

The Celtics are declining their $1,563,518 club option on Sam Hauser and instead will make him a restricted free agent, a source tells Keith Smith of Spotrac and CelticsBlog (Twitter link).

While Smith doesn’t outright state that Hauser has been given a qualifying offer, that’s the likely outcome given that he says Hauser will become a RFA. According to Smith, Boston plans to work out a longer contract with Hauser in free agency.

Hauser, 24, signed a two-way contract with the Celtics last August after going undrafted out of Virginia. He was promoted to the 15-man roster in February after trades created multiple roster openings.

The 6’8″ forward played limited minutes in 26 NBA games with Boston, but did convert an impressive amount of his three-point attempts (19-44, 43.2%). Hauser was a G League standout for the team’s affiliate in Maine, putting up 20.2 PPG, 6.2 RPG, 2.9 APG and 1.1 SPG on .460/.408/.800 shooting in 13 regular season contest (35 MPG).

Hauser will reportedly be among the young players on Boston’s Summer League roster next month.

Thunder’s Luguentz Dort To Become Restricted Free Agent

June 29th, 2022 at 4:50pm CST by Rory Maher

The Thunder are declining the $1,930,681 team option on Luguentz Dort, making him a restricted free agent, sources tell Shams Charania of The Athletic and Stadium (Twitter link).

A report last week indicated that Oklahoma City would pick up the option, with GM Sam Presti telling Joe Mussatto of The Oklahoman that was the likely outcome.

“Obviously it’s our plan to exercise that pending anything different,” Presti said.

Evidently Presti has reevaluated that decision, which isn’t very surprising considering Dort would have drawn considerable interest on the open market as an unrestricted free agent in 2023. Declining the option and making him restricted gives the Thunder the ability to match any offer sheet he receives in a free agent market where not many teams have cap space.

The barrel-chested Dort, who turned 23 in April, has showed continuous improvement after going undrafted out of Arizona State in 2019. He averaged 17.2 PPG and 4.2 RPG on .404/.332/.843 shooting in 51 games (32.6 MPG) last season while playing solid, switchable defense.

Given his rate of improvement and the NBA’s ever-growing need for wings who can contribute on both ends of the court, it wouldn’t be surprising to see Dort sign a contract in the range of $15-20MM annually. Dort is ranked No. 9 on our list of top 50 free agents.

Patty Mills Declines Player Option, Becomes Free Agent

June 29th, 2022 at 4:31pm CST by Rory Maher

Nets guard Patty Mills has declined his $6.2MM player option for next season in order to become a free agent, league sources tell Brian Lewis of The New York Post (Twitter link).

Mills, 33, had a solid season in his first season with Brooklyn in 2021/22, averaging 11.4 PPG, 1.9 RPG and 2.3 APG on .408/.400/.814 shooting in 81 regular season games (48 starts, 29 MPG). He averaged career-highs in three-point makes and attempts, with 2.8 and 7.0, respectively.

Last season was the 13th of Mills’ lengthy NBA career, spending his first couple of seasons with Portland before a 10-year run with the Spurs that included an NBA Championship in 2014. The veteran guard also led the Australian national team to a Bronze Medal at the Tokyo Olympics last summer.

While Mills isn’t quite as quick as he once was, he holds a career three-point percentage of 38.9% and figures to draw plenty of interest from contending teams. He should receive a contract similar in annual value to the one he declined (taxpayer mid-level exception), but he’ll likely be looking for a multiyear deal to maximize his earnings.