Transactions Rumors | Hoops Rumors

Wizards Sign Johnny Davis To Rookie Contract

July 1st, 2022 at 8:46pm CST by Luke Adams

The Wizards have signed first-round pick Johnny Davis to his rookie scale contract, according to NBA.com’s official log of transactions.

Davis, who averaged 19.7 PPG, 8.2 RPG, and 2.1 APG in 31 games (34.2 MPG) at Wisconsin as a sophomore in 2021/22, was the 10th player off the board in last Thursday’s draft.

He’ll join a Wizards backcourt that is undergoing some changes this offseason — while Bradley Beal will return on a five-year, maximum-salary contract, Ish Smith, Raul Neto, Tomas Satoransky, and Kentavious Caldwell-Pope are out, and Davis, Monte Morris, Will Barton, and Delon Wright are in.

Assuming Davis signs for 120% of the rookie scale, which virtually every first-rounder does, he’ll be in line for a first-year salary of $4.8MM and a four-year deal worth $21.9MM.

Lakers Officially Sign Jones, Brown, Toscano-Anderson

July 1st, 2022 at 8:21pm CST by Rory Maher

The Lakers have officially completed three signings, according to a team press release. The trio of players are center Damian Jones, wing Troy Brown and wing Juan Toscano-Anderson.

Jones, Brown and Toscano-Anderson were all signed to minimum-salary contracts. Both Brown and JTA received one-year deals, while Jones got a two-year deal with a player option.

Jones, 27, had a solid season with the Kings in 2021/22 after struggling to find a standard roster spot in ’20/21. In 56 games this season (18.2 MPG), Jones averaged 8.1 PPG and 4.4 RPG while shooting 65.8% from the field and 71.8% from the line.

Brown, 22, was the 15th pick of the 2018 draft and spent his first two-plus seasons with Washington before being traded to Chicago last year. The Bulls declined his qualifying offer after he struggled to make an impact this season, averaging 4.3 PPG and 3.1 RPG on .419/.353/.769 shooting in 66 games (16 MPG).

Toscano-Anderson, 29, spent the last three seasons with the Warriors and recently won a title. In 73 games (13.6 MPG) in ’21/22, he averaged 4.1 PPG, 2.4 RPG and 1.7 APG on .489/.322/.571 shooting.

Because the three players are on minimum contracts, the deals can be completed before the transaction moratorium ends on July 6.

Pacers Re-Sign Jalen Smith

July 1st, 2022 at 8:05pm CST by Luke Adams

JULY 6: The Pacers have made it official with Smith, according to NBA.com’s transactions log. Head coach Rick Carlisle said today at a media session that the plan is for Smith to be Indiana’s starting power forward in the fall (Twitter link via Scott Agness of Fieldhouse Files).

JULY 1: Free agent big man Jalen Smith has agreed to a two-year contract with the Pacers and will return to Indiana, sources tell Shams Charania of The Athletic (Twitter link).

Smith’s new two-year deal is worth $9.6MM, per ESPN’s Adrian Wojnarowski. That’s approximately the maximum amount the Pacers could offer over two seasons.

The 10th overall pick in 2020, Smith barely saw any action as a rookie in Phoenix in 2020/21, then found himself out of the Suns’ plans. They turned down his third-year rookie scale option for 2022/23 at the start of last season and traded him to Indiana at this year’s deadline.

With the lottery-bound Pacers, Smith began to flash the upside that made him a lottery pick two years ago, averaging 13.4 PPG, 7.6 RPG, and 1.0 BPG on .531/.373/.760 shooting in a part-time role (24.7 MPG).

There was a sense that Smith may be playing himself out of the Pacers’ price range — even though they hold his Bird rights, they were prohibited from offering him a starting salary higher than $4.67MM, the amount of his declined option. However, that limit didn’t stop the two sides from getting a deal done.

While it’s possible potential suitors were hesitant to invest too aggressively in Smith based on the numbers he was putting up for a team out of playoff contention down the stretch, he’s still just 22 years old and has the potential to continue improving.

Smith’s role and place on the 2022/23 depth chart will be determined in part by whether veteran bigs like Myles Turner and Daniel Theis remain on Indiana’s roster or end up elsewhere by the fall.

Warriors Sign Donte DiVincenzo To Two-Year Deal

July 1st, 2022 at 6:25pm CST by Luke Adams

JULY 8: The Warriors have officially signed DiVincenzo, the team announced today in a press release.

JULY 1: The Warriors and swingman Donte DiVincenzo are in agreement on a free agent deal, according to Shams Charania of The Athletic, who reports (via Twitter) that DiVincenzo will sign a two-year, $9.3MM contract with the team. It will include a second-year player option, Charania adds.

Given the Warriors’ cap situation and the numbers reported by Charania, it appears the club will use a portion of its taxpayer mid-level exception to complete the signing.

DiVincenzo was a full-time starter on the Bucks team that won a championship in 2020/21, averaging 10.4 PPG, 5.8 RPG, and 3.1 APG on .420/.379/.718 shooting in 66 games (27.5 MPG) during that regular season. However, a major ankle injury sidelined him for most of the postseason and for a chunk of the ’21/22 campaign.

The 25-year-old didn’t look like his old self when he returned to Milwaukee’s lineup, and the team traded him to Sacramento at the February deadline. DiVincenzo played better for the Kings, averaging 10.3 PPG, 4.4 RPG, and 3.6 APG with a .368 3PT% in 25 games (26.6 MPG).

Despite DiVincenzo’s solid play down the stretch, he didn’t receive a qualifying offer from the Kings, who shifted their focus to acquiring Malik Monk and Kevin Huerter to solidify their wing rotation. That decision made DiVincenzo an unrestricted free agent, meaning the former Villanova standout is free to sign outright with Golden State.

The addition of DiVincenzo will help make up for some of the rotation losses the Warriors have endured during free agency. Gary Payton II, Otto Porter, Nemanja Bjelica, and Juan Toscano-Anderson have all reached agreements with new teams since Thursday evening.

Based on the terms reported by Charania, the Warriors aren’t using the full amount of the taxpayer mid-level exception on DiVincenzo, so they’ll still have a small part of it available. They may use that leftover portion to sign second-round pick Ryan Rollins to a three-year contract instead of the maximum two years he could get using the minimum salary exception.

Rockets Sign Jabari Smith, Tari Eason, TyTy Washington

July 1st, 2022 at 4:56pm CST by Rory Maher

The Rockets have officially signed their trio of first-round picks, the team announced in a press release.

Jabari Smith, the No. 3 pick out of Auburn, averaged 16.9 PPG, 7.4 RPG, 2.0 APG, 1.1 SPG and 1.0 BPG in 34 games (28.8 MPG) as a freshman.

Tari Eason, the No. 17 pick out of LSU, averaged 16.6 PPG, 6.6 RPG, 1.9 SPG and 1.1 BPG in 33 games (24.4 MPG) as a sophomore.

TyTy Washington, the No. 29 pick out of Kentucky, averaged 12.5 PPG, 3.5 RPG, 3.9 APG and 1.3 SPG in 31 games (29.2 MPG) as a freshman.

Assuming the three players signed for the maximum allowable 120% of the rookie scale, which nearly every team gives to their first-round selections, Smith will earn $8,882,640 in 2022/23, Eason will make $3,359,160, and Washington will get $2,210,040.

Celtics Re-Sign Luke Kornet

July 1st, 2022 at 4:52pm CST by Luke Adams

JULY 9: The Celtics have officially re-signed Kornet, per a team release.

JULY 1: The Celtics are re-signing big man Luke Kornet, having agreed to terms with him on a new two-year contract, league sources tell Chris Haynes of Yahoo Sports (Twitter link).

Kornet, who will turn 27 later this month, has bounced around the NBA since making his debut in 2018 as an undrafted free agent out of Vanderbilt. The forward/center has averaged 5.5 PPG and 2.6 RPG in 148 total games (14.3 MPG) for the Knicks, Bulls, Celtics, Cavaliers, and Bucks.

Kornet finished the 2020/21 season with the Celtics following a deadline trade and then spent much of the ’21/22 campaign with the team’s G League affiliate, the Maine Celtics, before being promoted to Boston’s 15-man roster in February.

While Kornet hasn’t seen much action at the NBA level for the Celtics, he put up solid numbers for Maine, averaging 14.9 PPG, 6.2 RPG, 4.7 APG, and 1.9 BPG in 11 regular season NBAGL appearances this past season.

Terms of the deal aren’t known, but I’d be surprised if it’s worth more than the minimum, and it may not be fully guaranteed for both years. The Celtics opened up a series of roster spots for the coming season when they agreed to send five players to Indiana in exchange for Malcolm Brogdon.

Magic Sign Paolo Banchero

July 1st, 2022 at 4:26pm CST by Rory Maher

The Magic have officially signed Paolo Banchero, the first pick of last week’s NBA draft, the team announced in a press release.

In 39 games as a freshman for Duke this past season, the 6’10” Banchero averaged 17.2 PPG, 7.8 RPG, 3.2 APG and 1.1 SPG on .478/.338/.729 shooting. He helped lead the Blue Devils to a 32-7 record and a No. 2 seed in the NCAA tournament, where they ultimately fell to long-time rival North Carolina in the Final Four.

Banchero earned numerous accolades for his stellar season, including Consensus All-America Second Team, All-ACC First Team, and ACC Rookie of the Year, among others.

As the first overall pick, Banchero will earn $11,055,120 as a rookie in 2022/23 if he signs for the maximum allowable 120% of the rookie scale (nearly always happens). He’s eligible to make $50,158,769 over the four-year contract, assuming the Magic pick up his team options in years three and four, which is basically a lock given his draft status.

Banchero is expected to make his Orlando debut in the Las Vegas Summer League on July 7.

Cavaliers Sign Raul Neto To One-Year Deal

July 1st, 2022 at 3:47pm CST by Luke Adams

JULY 8: The Cavaliers have officially completed the signing of Reto, per a team press release.

JULY 1: Free agent point guard Raul Neto is signing with the Cavaliers, reports Shams Charania of The Athletic (Twitter link). Neto will receive a one-year, minimum-salary contract, according to Chris Fedor of Cleveland.com (Twitter link).

Neto, 30, spent the last seasons in D.C. as a backup point guard for the Wizards and acquitted himself well, averaging 8.1 PPG, 2.7 APG, and 2.2 RPG on .465/.349/.819 shooting in 134 total games (20.7 MPG). The seven-year veteran previously spent time with the Jazz and Sixers.

The Cavaliers reached an agreement on Friday to bring back veteran point guard Ricky Rubio to back up All-Star Darius Garland, but Rubio is recovering from a torn ACL and is unlikely to be ready to play this fall.

While Rubio works his way back, Neto should get a chance to be Garland’s primary backup. He’ll presumably shift a spot down the depth chart when Rubio returns.

In addition to agreeing to terms with Rubio and Neto today, the Cavaliers struck a minimum-salary deal with center Robin Lopez, as they continue to add veteran depth to complement their core.

Lakers Sign Scotty Pippen Jr., Cole Swider Via Two-Way Deals

July 1st, 2022 at 2:24pm CST by Alex Kirschenbaum

JULY 1: The Lakers have officially signed Pippen and Swider to two-way contracts, the team announced today (Twitter links).

JUNE 23: The Lakers are set to add undrafted former Vanderbilt point guard Scotty Pippen Jr. to a two-way contract, according to Bill Oram of The Athletic (Twitter link). Los Angeles will also sign undrafted Syracuse rookie forward Cole Swider into their second two-play player slot, reports Shams Charania of The Athletic (via Twitter).

The 21-year-old Pippen, son of Hall of Fame Bulls small forward Scottie Pippen, played for three seasons with the Commodores. The 6’1″ guard was named to the SEC All-Freshman Team in 2020, and was a two-time First-Team All-SEC selection in 2021 and 2022.

During his third NCAA season in 2021/22, the younger Pippen averaged 20.4 PPG, 4.5 APG, 3.6 RPG and 1.9 SPG across 36 games, all starts. He posted a slash line of .416/.325/.749.

Swider spent his first three college seasons with Villanova before finishing his NCAA career with Syracuse. For the Orange in 2021/22, Swider averaged 13.9 PPG, 6.8 RPG, 1.4 APG and 1.0 SPG. The 6’9″ forward started all 33 games during his final NCAA season, with solid shooting splits of .473/.411/.866.

Pippen and Swider will log some time with L.A.’s NBAGL affiliate, the South Bay Lakers, but could also help contribute to the depth-challenged NBA club.

Bulls Re-Sign Derrick Jones To Two-Year Deal

July 1st, 2022 at 1:39pm CST by Luke Adams

JULY 6: Jones is officially back under contract with the Bulls, according to a Twitter announcement from the team.

JULY 1: The Bulls and Derrick Jones have agreed to a new two-year contract that will keep the free agent forward in Chicago, reports Shams Charania of The Athletic (Twitter link). According to Charania, Jones’ two-year deal will be worth $6.6MM, with a second-year player option.

Chicago held Jones’ Early Bird rights, but a deal completed using the Early Bird exception can’t include a second-year option, so the team is likely renouncing its Early Bird rights and making Jones a Non-Bird free agent. The Bulls would then be able to complete the signing without dipping into their mid-level exception.

Jones, 25, appeared in 51 games for Chicago in 2021/22 after being acquired from Portland in an offseason trade. He averaged 5.6 PPG and 3.3 RPG on .538/.328/.800 shooting in 17.6 minutes per contest.

While Jones hasn’t made a major impact on the offensive end since entering the NBA in 2016, his athleticism and his ability to guard multiple positions on defense have continued to earn him regular minutes.

The Bulls now project to be about $3.5MM below the luxury tax line with 14 players under contract, tweets Yossi Gozlan of HoopsHype.