Transactions Rumors | Hoops Rumors

Raptors Waive Armoni Brooks

July 30th, 2022 at 4:00pm CST by JD Shaw

4:00pm: The move is official, according to NBA.com’s transactions log.

2:39pm: The Raptors are waiving shooting guard Armoni Brooks, according to Blake Murphy of Sportsnet.ca (Twitter link). Brooks was only guaranteed $50K of his $1.75MM salary for next season, but that partial guarantee would’ve increased to $250K if he wasn’t waived on or before August 1.

Murphy expects Brooks to join another NBA team for training camp this fall. Brooks averaged 6.2 points per game in 41 outings with the Rockets last season, then was waived in February. He signed two 10-day deals with Toronto after that, later signing a two-year deal with the organization.

Brooks established himself as a sharpshooter during his first NBA stint in 2020/21, but he only shot 30% from three-point range last season. At 24 years old, he could certainly attract interest as the offseason moves on.

Brooks went undrafted in 2019 after spending four years at the University of Houston. The Raptors now have 16 players on standard contracts, plus two-way players Ron Harper Jr. and Jeff Dowtin. The team also hasn’t yet signed second-round pick Christian Koloko.

Timberwolves Sign Eric Paschall To Two-Way Deal

July 30th, 2022 at 8:16am CST by Luke Adams

JULY 30, 8:16am: Paschall’s two-way contract with the Timberwolves became official on Friday, per NBA.com’s transactions log.

JULY 29, 1:49pm: Paschall will be signing a two-way contract with Minnesota, according to Darren Wolfson of 5 Eyewitness News and SKOR North (Twitter link). Paschall and A.J. Lawson will occupy the Wolves’ two-way slots.

JULY 29, 11:55am: The Timberwolves have reached an agreement on a one-year deal with free agent forward Eric Paschall, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

The No. 41 pick in the 2019 draft, Paschall began his NBA career with the Warriors and had an impressive rookie season in Golden State in 2019/20, averaging 14.0 PPG, 4.6 RPG, and 2.1 APG in 60 games (27.6 MPG). His role declined in his second season and he was traded in the 2021 offseason to Utah, where his minutes dipped further.

In 58 appearances last season for the Jazz, the 25-year-old averaged 5.8 PPG and 1.8 RPG on .485/.370/.767 shooting in 12.7 MPG. He was eligible for restricted free agency at season’s end, but didn’t receive a qualifying offer from Utah and became unrestricted.

Terms of Paschall’s new agreement with the Wolves aren’t known, but it may resemble the deals the club completed with free agents Austin Rivers and Nathan Knight. Both received minimum-salary contracts with partial guarantees for the 2022/23 season.

Prior to reaching a deal with Paschall, Minnesota had been carrying 12 players on guaranteed contracts, two (Rivers and Knight) with partial guarantees, and one (Jaylen Nowell) on a non-guaranteed pact, so a spot on the 15-man regular season roster shouldn’t necessarily be viewed as a lock for the newcomer. The terms of Paschall’s contract should help clarify where he stands in the Wolves’ roster hierarchy.

Magic To Sign Zavier Simpson To Exhibit 10 Deal

July 29th, 2022 at 5:27pm CST by Rory Maher

5:27pm: Simpson will indeed be signing an Exhibit 10 deal, tweets Khobi Price of The Orlando Sentinel.

5:08pm: The Magic are signing free agent Zavier Simpson, his agent Daniel Hazan tells Chris Haynes of Yahoo Sports (Twitter link).

While the terms of Simpson’s deal were not disclosed, it’s probably going to be a non-guaranteed contract, possibly an Exhibit 10 deal. As shown by our roster count page, Orlando already has 15 players on guaranteed contracts and both two-way slots filled, and once the contracts for Simpson and Drake Jeffries (Exhibit 10) become official, the Magic will have a 20-man roster, which is the maximum an NBA team can carry during the offseason.

Simpson, 25, went undrafted out of Michigan in 2020 and spent his first two pro seasons with the Thunder’s G League affiliate, the Oklahoma City Blue. In 35 regular season games (32.4 MPG) with the Blue in 2022, the 6’0″ point guard averaged 14.6 PPG, 5.1 RPG, 6.5 APG and 1.8 SPG on .488/.350/.692 shooting.

The Thunder signed Simpson to a 10-day hardship contract to finish out last season as the team dealt with several injuries. In his first taste of NBA action, he averaged 11 PPG, 5.3 RPG, 7.5 APG, 1.3 SPG and 1.0 BPG on .365/.125/1.000 shooting in four games.

Simpson most recently suited up for the Magic during Summer League in Las Vegas, appearing in five games (three starts, 22.6 MPG) while averaging 8.2 PPG, 4.2 RPG, 6.2 APG, 2.0 SPG and 1.0 BPG on .357/.286/.600 shooting, per RealGM.

Given the Magic’s lack of open regular season roster spots, the most likely outcome for Simpson is that he’s waived before the regular season begins and subsequently joins Orlando’s G League team in Lakeland as an affiliate player. In that scenario, he’d receive a bonus worth up to $50K if he spends at least 60 days with Lakeland.

Gabe Brown Signing Exhibit 10 Deal With Nuggets

July 29th, 2022 at 4:00pm CST by Luke Adams

Undrafted free agent rookie Gabe Brown is signing an Exhibit 10 contract to go to training camp with the Nuggets, according to Adam Zagoria of NJ.com (Twitter link).

Brown, who declared for the draft this spring after spending four years at Michigan State, became a full-time starter for the Spartans as a senior in 2021/22, averaging 11.6 PPG and 3.8 RPG with a .382 3PT% in 36 games (28.9 MPG). His performance earned him a spot on the All-Big 10 Third Team.

Brown suited up for the Thunder‘s Summer League team this month, recording 11.0 PPG and 3.5 RPG on .421/.370/1.000 shooting in four Las Vegas contests (21.8 MPG).

Zagoria reported last month that Brown would be signing a “partially guaranteed” contract with Oklahoma City and Jake Weingarten of StockRisers.com later said it would be an Exhibit 10 deal, but based on Zagoria’s newest report, it seems as if that deal fell through.

An Exhibit 10 is a one-year, non-guaranteed minimum-salary contract that counts toward a team’s 20-man offseason roster limit, but doesn’t count against the cap unless the player makes the regular season roster. It can be converted into a two-way contract or can make a player eligible for a bonus worth up to $50K if he’s waived and joins his team’s G League affiliate.

Denver doesn’t currently have a two-way slot available, so the team may envision Brown as an affiliate player for the Grand Rapids Gold.

Kings Sign Matthew Dellavedova

July 29th, 2022 at 2:03pm CST by Luke Adams

2:03pm: It’s a one-year, partially guaranteed contract for Dellavedova, reports Michael Scotto of HoopsHype (Twitter link).

1:59pm: The Kings have signed free agent guard Matthew Dellavedova, the team announced today (via Twitter).

Dellavedova, who will turn 32 in September, has 447 regular season NBA appearances under his belt, having spent eight years playing for the Cavaliers and Bucks. However, he was limited to just 13 games with Cleveland in 2020/21 (his last NBA season) due to various health issues, including a concussion and an emergency appendectomy.

The Australian guard returned home to play for Melbourne United this past season and had a solid season with the club, averaging 10.6 PPG, 4.9 APG, and 3.0 RPG on .407/.380/.756 shooting in 27 contests (25.3 MPG).

Dellavedova reportedly worked out for the Kings and new head coach Mike Brown – who coached the veteran in Cleveland – in Las Vegas earlier this month in the hopes of earning a camp invite. Sacramento has been on the lookout for point guard depth, having also been linked to Quinn Cook.

While the terms of Dellavedova’s new contract aren’t yet known, it will almost certainly be worth the veteran’s minimum. It’s possible his salary won’t be fully guaranteed, but I expect he’ll have an opportunity to earn a regular season roster spot this fall.

Warriors Sign Ryan Rollins To Three-Year Rookie Contract

July 28th, 2022 at 6:27pm CST by Alex Kirschenbaum

6:27pm: Rollins’ contract with Golden State is now official, the team announced in a press release (via Twitter).

4:35pm: The Warriors are set to sign 2022 second-round pick Ryan Rollins to a three-year rookie contract, agents Brandon Grier and Mike Silverman have informed Shams Charania of The Athletic (Twitter link).

According to Charania, Rollins’ new contract is fully guaranteed through the 2023/24 NBA season and includes a “significant” partial guarantee in the third year of the deal. Charania adds that the wing would earn $4.8MM in total should the third season of the agreement become fully guaranteed — that suggests it’s a minimum-salary agreement, which would be worth precisely $4,757,344.

Anthony Slater of The Athletic tweets that Golden State will use a portion of its mid-level exception to add a third year to Rollins’ contract.

The 6’4″ shooting guard was selected with the No. 44 pick out of Toledo. This multiyear signing had been widely expected and will make Rollins the 12th player with a guaranteed salary on the Warriors’ 15-man roster. JaMychal Green is expected to become the 13th once he officially signs with the club.

Across 34 games during his 2021/22 All-MAC NCAA season, Rollins posed averages of 18.9 PPG, 6.0 RPG, and 3.6 APG. He logged shooting splits of .468/.311/.802.

Rollins was diagnosed with a stress fracture in his foot in June, but he’s expected to be healthy this fall.

Raptors Sign Juancho Hernangomez To One-Year Deal

July 28th, 2022 at 8:38am CST by Luke Adams

JULY 28: The Raptors have officially signed Hernangomez, the team announced today in a press release.

JULY 26: Free agent forward Juancho Hernangomez is finalizing a one-year agreement with the Raptors, according to ESPN’s Adrian Wojnarowski (via Twitter).

Hernangomez has been on the open market since being waived by the Jazz on June 30. Utah released him before his $7.3MM salary for the 2022/23 season became guaranteed. While terms of the veteran’s new deal with Toronto aren’t yet known, it’s a safe bet it’ll be worth less than that — I’d expect a minimum-salary contract.

Hernangomez, 26, has flashed the ability to contribute as a stretch four over the course of his six NBA seasons, but didn’t stay in one place for long during the 2021/22 league year. He was traded from Minnesota to Memphis last August, then to Boston in September, to San Antonio in January, and to Utah in February.

In total, Hernangomez averaged 3.3 PPG and 2.5 RPG in 40 games (11.1 MPG) for three teams last season, posting a shooting line of .415/.348/.559. He’s perhaps most recognizable to many NBA fans for starring as Bo Cruz in the Netflix film Hustle.

The Raptors currently have 18 players under contract, with second-rounder Christian Koloko and Hernangomez likely to fill out the team’s 20-man offseason roster.

It’s possible that Hernangomez – like D.J. Wilson, Dalano Banton, Armoni Brooks, and Justin Champagnie – will get a partially guaranteed contract and will have to earn for a spot on the 15-man regular season roster.

James Harden Re-Signs With Sixers On Two-Year Deal

July 27th, 2022 at 4:13pm CST by Rory Maher

JULY 27: Harden’s new contract is official, the Sixers announced on Twitter.

“This is where I want to be. This is where I want to win, and I think we have the pieces to accomplish that goal,” he said in a statement. “From my first day with the 76ers organization, the team and the fans have helped me feel at home here in Philadelphia. I’m excited to build off of last season and I can’t wait to get out on the court with the guys and start this journey.”

JULY 20: James Harden is re-signing with the Sixers on a two-year, $68.6MM deal that includes a player option in year two, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

Wojnarowski reports (via Twitter) that Harden will earn $33MM in 2022/23 and the player option is worth $35.6MM for ’23/24. The former league MVP will have the opportunity to enter free agency again next summer and possibly negotiate another contract.

It was viewed as inevitable that Harden would re-sign with Philadelphia, it was only a matter of when, not if. By agreeing to a one-plus-one contract structure, it will also give him veto power on any trade during the ’22/23 league year.

According to John Hollinger of The Athletic (Twitter link), with Harden on board at $33MM, the Sixers are approximately $3.4MM below the tax apron for ’22/23. The 76ers incurred a hard cap when they signed P.J. Tucker to the full mid-level exception and Danuel House to the bi-annual exception, so they cannot exceed the $156,983,000 tax apron at any point during the league year.

Both players were signed due to the flexibility Harden gave Philadelphia when he agreed to a pay cut — he previously declined his $47.4MM player option to sign a new deal. Harden recently explained the reasoning behind his decision to Chris Haynes of Yahoo Sports.

“I had conversations with (president of basketball operations) Daryl (Morey), and it was explained how we could get better and what the market value was for certain players. I told Daryl to improve the roster, sign who we needed to sign and give me whatever is left over,” Harden said. “This is how bad I want to win. I want to compete for a championship. That’s all that matters to me at this stage. I’m willing to take less to put us in position to accomplish that.”

Harden, who turns 33 next month, had a down season by his lofty standards, appearing in 65 regular season games (37.2 MPG) with averages of 22.0 PPG, 7.7 RPG, 10.3 APG and 1.3 SPG on .410/.333/.877 shooting. Those averages dipped to 18.6 PPG, 5.7 RPG and 8.6 APG on .405/.368/.893 shooting in 12 postseason games (39.9 MPG) with the Sixers last season.

He was reportedly hampered by a hamstring injury for much of the season, the same issue that plagued him in the playoffs last year with Brooklyn. Harden famously requested a trade from the Nets ahead of the deadline in February in a deal that sent Ben Simmons, Seth Curry and other assets to Brooklyn.

When Harden officially signs his new deal, Philadelphia will have 12 players on the 15-man roster signed to guaranteed deals, as shown by our roster count. He was ranked No. 3 on our list of the top 50 free agents this summer.

Lakers Sign Jay Huff To Exhibit 10 Contract

July 27th, 2022 at 3:17pm CST by Luke Adams

The Lakers have officially signed big man Jay Huff to an Exhibit 10 contract, the team announced today (via Twitter).

Huff, who went undrafted out of Virginia in 2021, spent the first couple months of his rookie season on a two-way contract with the Lakers and appeared in four NBA games before being waived. The 7’1″ center continued to play for the South Bay Lakers in the G League after being released by the NBA team, averaging 15.7 PPG, 6.1 RPG, and 2.5 BPG in 28 regular season NBAGL games, all starts (25.9 MPG).

Huff suited up for the Lakers’ Summer League teams in San Francisco and Las Vegas this summer and played well, averaging 10.5 PPG, 4.8 RPG, and 3.0 BPG in four appearances (18.4 MPG).

The Lakers now have 19 players under contract. Of those, 12 have guaranteed deals, two (Austin Reaves and Wenyen Gabriel) have standard non-guaranteed contracts, and two (Cole Swider and Scotty Pippen Jr.) are on two-way deals. Huff joins Fabian White and Javante McCoy as the players on Exhibit 10 pacts.

Simone Fontecchio Signs Two-Year Deal With Jazz

July 27th, 2022 at 2:06pm CST by Alex Kirschenbaum

JULY 27: After formally parting ways this week with Baskonia, Fontecchio has officially signed with the Jazz, the team announced today in a press release.

JULY 17: Italian small forward Simone Fontecchio is signing a two-year, $6.25MM contract with the Jazz, Fontecchio’s agent Sam Goldfeder informs Adrian Wojnarowski of ESPN (Twitter link). News of the deal was first reported by Cesare Forgione of EuroDevotion.

Fontecchio is considered the top international free agent prospect at his position by ESPN’s Jonathan Givony (via Twitter). Givony opines that Fontecchio possesses enough positional versatility to also play at shooting guard or power forward.

Fontecchio, then with Italian club Virtus Bologna, first declared for the 2015 NBA draft before ultimately withdrawing his name from consideration. He worked out for the Celtics, then led by current Jazz president Danny Ainge, during that initial process in 2015. He later went undrafted in 2017.

The 6’8″ wing most recently joined Spanish club Baskonia for the 2021/22 season. During 31 ACB League contests with Baskonia, he averaged 12.4 PPG, 3.9 RPG, and 1.7 APG. The 26-year-old also posted shooting splits of .465/.410/.851 last season.

Fontecchio has also suited up for Italian clubs Olimpia Milano and Reggio Emila and German team Alba Berlin.

EuroHoops reports that Fontecchio’s three-year contract with Baskonia includes an exit clause, expiring this month, that allows him to sign with an NBA team. EuroHoops adds that the Lakers had also been considering tendering an offer to Fontecchio.

Thanks to their trade of All-Star center Rudy Gobert to the Timberwolves and current rumblings that All-Star shooting guard Donovan Mitchell could be next, the Jazz have been quite active during the 2022 offseason. That said, the Fontecchio signing will mark the team’s first actual free agent addition this year.

Utah will likely use a portion of its mid-level exception to sign Fontecchio.