Transactions Rumors | Hoops Rumors

Heat Sign Kel’el Ware To Rookie Scale Contract

July 1st, 2024 at 11:13pm CST by Luke Adams

The Heat have officially signed first-round pick Kel’el Ware to his rookie scale contract, the team announced today in a press release. Ware becomes the first player selected in the 2024 draft to formally sign his first NBA contract.

Considered one of the top centers in this year’s rookie class, Ware transferred to Indiana a year ago after spending his freshman year at Oregon. He enjoyed a breakout year for the Hoosiers, averaging 15.9 points, 9.9 rebounds, and 1.9 blocks in 32.2 minutes per game (30 contests), earning All-Big Ten and Big Ten All-Defense honors.

As the No. 15 pick in this year’s draft, Ware will earn a first-year salary of approximately $4.23MM. His four-year deal with Miami, which includes team options on the third and fourth seasons, will be worth about $20.47MM.

While teams can’t complete trades or certain signings until July 6, they’re allowed to sign first- or second-round picks to contracts during the moratorium period, so the Heat didn’t have to wait until Saturday to have Ware put pen to paper.

Heat Officially Sign Keshad Johnson To Two-Way Deal

July 1st, 2024 at 9:42pm CST by Luke Adams

The Heat have become the first NBA team to officially fill all three of their two-way contract slots for the 2024/25 season after announcing in a press release that they’ve signed forward Keshad Johnson to a two-way deal.

A 6’7″ swingman who went undrafted last week out of Arizona, Johnson played for San Diego State across his first four seasons of NCAA eligibility before using his “super-senior” season to transfer to the Wildcats.

In 2023/24, he posted averages of 11.5 points, 5.9 rebounds, 1.8 assists, 1.0 steals and 0.7 blocks per game, with a shooting line of .530/.387/.710. He reached a two-way agreement with the Heat shortly after the end of Thursday’s draft.

Johnson joins Zyon Pullin and Dru Smith as Miami’s two-way players, with all three formally signing their contracts today. While the July moratorium prevents teams from officially finalizing trades and some forms of signings, two-way deals can be completed during the moratorium period.

Since two-way contracts don’t count against the salary cap and carry little guaranteed money, it’s not a lock that Johnson, Pullin, and Smith will still occupy those slots by opening night — especially since Miami still has two-way qualifying offers out to Cole Swider and Alondes Williams. But it looks like the trio currently under contract should at least have an opportunity to begin the season on Miami’s 18-man roster.

Clippers To Sign Kris Dunn

July 1st, 2024 at 8:36pm CST by Luke Adams

8:36pm: The Clippers are exploring possible sign-and-trade scenarios to bring in Dunn from the Jazz, reports Jake Fischer of Yahoo Sports (Twitter link). A sign-and-trade would open up a wider salary range for Dunn.

7:38pm: The Clippers have agreed to sign free agent guard Kris Dunn, league sources tell Chris Haynes of TNT and Bleacher Report (Twitter link).

The fifth overall pick in the 2016 draft, Dunn didn’t live up to his draft billing in Minnesota or Chicago during the early years of his career, but has evolved into a solid rotation piece in recent years. He spent the past two seasons in Utah, where he provided solid, versatile defense in the Jazz’s backcourt and earned praise from head coach Will Hardy for his voice in the locker room.

In 88 total appearances (35 starts) across two seasons in Utah, Dunn averaged 7.4 points, 4.3 assists, and 3.3 rebounds in 20.6 minutes per game, with a shooting line of .497/.395/.741.

Dunn was frequently mentioned within the last week as a potential free agent target for the Suns, with Gerald Bourguet of PHNX Sports reporting (via Twitter) that the 30-year-old was atop the club’s wish list as it sought a point guard. Instead, he’ll head to one of Phoenix’s division rivals, joining a Clippers team that seems prepared to move on from backup point guard Russell Westbrook.

While the details of Dunn’s contract aren’t known, the over-the-cap Clippers are believed to be devoting most of their mid-level exception to Derrick Jones and their bi-annual exception to Nicolas Batum. Unless Los Angeles plans to negotiate a sign-and-trade deal for one or more of its free agent additions, that would leave either the leftover portion of the MLE or a minimum-salary contract for Dunn.

Heat Re-Sign Dru Smith To Two-Way Contract

July 1st, 2024 at 7:03pm CST by Luke Adams

The Heat have re-signed guard Dru Smith to a two-way contract, the team announced today in a press release.

Smith, who began last season on Miami’s 15-man roster, appeared in just nine games before a major ACL injury cut his season short and led to his eventual release. Smith suffered that injury in Cleveland when he fell awkwardly into the bench area, prompting the Heat to contact the NBA to express concerns with what they viewed as an unsafe drop-off along the sidelines.

Smith was playing well in limited minutes prior to the injury, averaging 4.3 points, 1.6 assists, and 1.6 rebounds in 14.6 minutes per game, with a shooting line of .455/.412/1.000. He also appeared in 15 NBA regular season games in 2022/23 with the Heat and Nets.

Outside of his half-season stint in Brooklyn to close out the ’22/23 season, Smith has spent much of his professional career bouncing on and off the Heat’s roster since going undrafted out of Missouri in 2021. He has been waived by Miami four separate times since 2021, but is back under contract with the team heading into ’23/24.

The Heat also officially signed undrafted rookie Zyon Pullin to a two-way contract today. Another undrafted free agent, Keshad Johnson, is expected to occupy Miami’s third two-way slot.

Mavericks To Acquire Klay Thompson In Three-Team Sign-And-Trade

July 1st, 2024 at 6:49pm CST by Luke Adams

6:49pm: The Warriors will receive a pair of second-round picks from Dallas to complete the Thompson sign-and-trade, according to reports from Shams Charania of The Athletic and Wojnarowski (Twitter links).

One of those picks will be the Mavs’ own 2031 second-rounder, Woj adds (via Twitter). The other will be the least favorable of the Sixers’ and Nuggets’ 2025 second-rounders, tweets Anthony Slater of The Athletic. That 2025 pick belonged to the Hornets, so it appears one of the second-rounders Charlotte is sending to Dallas is immediately being rerouted to Golden State.

Combining all of today’s reporting, it sounds like the trade will break down as follows:

Mavericks to acquire Thompson (via sign-and-trade) and a future second-round pick (from Hornets).
Hornets to acquire Green (into cap room).
Warriors to acquire either the Nuggets’ or Sixers’ 2025 second-round pick (whichever is least favorable; from Hornets) and the Mavericks’ 2031 second-round pick, in addition to generating a trade exception worth about $16MM.

1:34pm: After spending his first 13 NBA seasons with the Warriors, Klay Thompson is reportedly headed to Dallas. Thompson intends to sign a three-year, $50MM contract with the Mavericks, according to Adrian Wojnarowski of ESPN (Twitter links).

As Wojnarowski outlines, the plan is for the Mavs to acquire Thompson from Golden State in a three-team sign-and-trade, with swingman Josh Green heading from Dallas to the Hornets in the deal.

The Warriors and Mavericks are still working through the sign-and-trade details, according to reports from Chris Haynes of Bleacher Report and Anthony Slater of The Athletic (Twitter links), who both say that the deal isn’t considered done from Golden State’s perspective.

Jake Fischer of Yahoo Sports tweets that there’s a framework in place for a deal sending Green to Charlotte, while Rod Boone of The Charlotte Observer (Twitter link) also hears that the Hornets are in agreement on their part of the deal.

As Marc Stein tweets, it sounds like Thompson, the Mavs, and the Hornets are all on board, with just the Warriors left to sign off. Golden State doesn’t want to take back salary in the transaction, Stein adds.

Wojnarowski reports (via Twitter) that the Hornets will be sending Dallas a pair of second-round picks for Green and that one of those second-rounders may be rerouted to Golden State.

The 11th pick of the 2011 draft, Thompson is one of the most accomplished shooters in league history, ranking sixth all-time in three-pointers made. The 34-year-old, who has knocked down 41.3% of his attempts from long distance over the course of his career, made five All-Star teams and won four championships with the Warriors.

While Thompson has remained an extremely productive rotation player, averaging 17.9 points per game with a .387 3PT% in 77 games (29.7 MPG) this past season, he has lost a step since suffering a torn ACL in 2019 and a torn Achilles in 2020. He was removed from the starting lineup in Golden State this season and his relationship with the franchise appeared to fray leading up to the expiration of his contract, resulting in Saturday’s news that he intended to leave the Warriors for a new team.

Thompson reportedly intended to talk to the Lakers, Clippers, and Sixers in addition to the Mavs when free agency opened on Sunday, with the Magic among the other teams said to have interest in the veteran sharpshooter. According to Wojnarowski (Twitter link), Thompson had four-years offers worth more overall money available, but the opportunity to win another championship and the difference in state taxes were among the factors that made him choose Dallas.

Thompson will give the Mavs another shooter on the wing alongside star guards Luka Doncic and Kyrie Irving. So far this offseason, the team has essentially swapped out three wings – Tim Hardaway, Derrick Jones, and now Green – for three new ones: Thompson, Naji Marshall, and Quentin Grimes.

Assuming the deal is completed as reported, the Mavs’ team salary will be a few million above the tax line and about $3MM below the first apron, which will be their hard cap, per cap experts Bobby Marks of ESPN and Yossi Gozlan (Twitter links).

The Hornets were interested in Green back at the trade deadline when they worked out a separate deal with Dallas involving P.J. Washington, notes Fischer (via Twitter). They’ll get their man now and – based on the details reported so far – figure to operate as an under-the-cap team in order to take the incoming salaries of both Green and Reggie Jackson, whom they’re acquiring in a trade with Denver.

The Warriors, meanwhile, will be in position to create a trade exception worth Thompson’s new salary if they don’t take back any contracts in the deal. With Thompson and Chris Paul off their books for 2024/25, the Dubs have some newfound financial flexibility and appear poised to use their full mid-level exception to sign free agent guard De’Anthony Melton.

Hinton, Samuels Rejoining Rockets On Exhibit 10 Deals

July 1st, 2024 at 6:16pm CST by Dana Gauruder

Nate Hinton and Jermaine Samuels Jr. have agreed to Exhibit 10 deals with the Rockets that are expected to eventually be converted to two-way deals, according to Jonathan Feigen of the Houston Chronicle.

They were on two-way deals with Houston last season, then briefly became unrestricted free agents when Houston didn’t extend a qualifying offer to either player.

Hinton appeared in 15 games with Houston last season but only averaged 5.0 minutes in those outings. He’s also played for Dallas (21 games) and Indiana (two games) after going undrafted out of the University of Houston.

Samuels played 14 games as a rookie last season but only averaged 4.3 minutes. He went undrafted out of Villanova.

Both players spent a chunk of time last season with the G League Rio Grande Valley Vipers.

An Exhibit 10 contract is a non-guaranteed minimum-salary deal that doesn’t count against a team’s cap unless the player makes the regular season roster. It can be converted to a two-way contract before the season begins or can put a player in line to earn a bonus if he’s waived and then spends at least 60 days with his team’s G League affiliate.

Hinton got a “max” Exhibit 10 deal, Kelly Iko of The Athletic tweets, meaning he could earn a bonus of $77.5K. The maximum Exhibit 10 bonus, which was $75K last season, increases at the same rate as the salary cap.

Magic Re-Sign Goga Bitadze On Three-Year Deal

July 1st, 2024 at 5:10pm CST by Dana Gauruder

JULY 6: The Magic have officially re-signed Bitadze, the team announced today in a press release.

JULY 1: The Magic have reached a three-year agreement with one of their own free agents, center Goga Bitadze, ESPN’s Adrian Wojnarowski tweets. The contract will be worth $25MM.

Orlando signed Bitadze midway through the 2022/23 season after the Pacers waived the former first-round selection. The Magic then exercised their $2.07MM team option on him last summer.

Bitadze started 33 games last season, appearing in 62, and averaged 5.0 points, 4.6 rebounds, 1.3 assists and 1.2 blocks per contest.

Bitadze has a minimum cap hold that will put the Magic in position to go over the cap to re-sign him with his Early Bird rights, cap expert Yossi Gozlan tweets. That would allow the Magic to preserve their remaining $27MM in cap space and still have the $8MM room exception at their disposal.

The Knicks were viewed as a possible suitor for Bitadze, but reporting earlier today indicated that the Magic were prepared to offer more for him that New York could realistically put on the table.

Bitadze figures to once again back up Wendell Carter Jr. Orlando declined its team option on Moritz Wagner but could still work out another contract with the 27-year-old big man.

Thunder To Add Buddy Boeheim On Exhibit 10 Deal

July 1st, 2024 at 4:49pm CST by Dana Gauruder

The Thunder have agreed to an Exhibit 10 contract with wing Buddy Boeheim, The Athletic’s Shams Charania tweets.

Boeheim cleared waived on Monday after the Pistons cut him loose over the weekend. He had a two-way contract that ran through next season.

Boeheim, 24, appeared in 10 games for the Pistons last season, averaging 3.4 points per contest on .310/.320/.800 shooting. He appeared in 31 games for the G League Motor City Cruise, averaging 17.2 points, 4.1 rebounds and 2.0 assists while draining 43.1% of his 3-point attempts.

The son of longtime Syracuse coach Jim Boeheim also appeared in 10 games with Detroit during the 2022/23 season.

An Exhibit 10 contract is a non-guaranteed minimum-salary deal that doesn’t count against a team’s cap unless the player makes the regular season roster. It can be converted to a two-way contract before the season begins or can put a player in line to earn a bonus if he’s waived and then spends at least 60 days with his team’s G League affiliate.

Jazz Waive Omer Yurtseven

July 1st, 2024 at 3:55pm CST by Dana Gauruder

JULY 1: The Jazz have officially waived Yurtseven, the team announced today in a press release. He’ll become a free agent on Wednesday if he goes unclaimed.

JUNE 30: The Jazz are planning to waive center Omer Yurtseven, ESPN’s Adrian Wojnarowski tweets.

Yurtseven, who spent one season with Utah after two years with the Heat, had a non-guaranteed $2.66MM contract. Yurtseven appeared in 48 games this past season, including 12 starts, and averaged 4.6 points and 4.3 rebounds in 11.4 minutes per game.

With the Jazz drafting Kyle Filipowski in the second round, Yurtseven became more expendable, though it’s certainly not out of the question they could re-sign Yurtseven on a more cap-friendly deal. A new minimum-salary pact would have a lower cap hit than his previous contract.

Yurtseven became an unrestricted free agent last summer when the Heat opted not to give him a qualifying offer. He had a promising rookie year, but was limited to nine games in 20222/23 after undergoing ankle surgery.

With a glut of centers on the free agent market, it wouldn’t be surprising if he looked at overseas options. He received interest from two Turkish teams before deciding to sign with the Jazz last year.

Heat Officially Sign Zyon Pullin To Two-Way Contract

July 1st, 2024 at 3:52pm CST by Luke Adams

The Heat have officially signed undrafted rookie free agent Zyon Pullin to a two-way contract, the team confirmed in a press release. Reporting after last week’s draft indicated the two sides had reached an agreement.

A 6’4″ guard out of Florida, Pullin played for UC Riverside from 2019-23 before transferring to the Gators for his super-senior year. He was an All-SEC honoree in 2023/24 after averaging 15.5 points, 4.9 assists, 3.9 rebounds, and 0.9 steals per contest in 33 games (27 starts), with a shooting line of .444/.449/.847.

Miami also reportedly reached a two-way agreement with Arizona forward Keshad Johnson, so he and Pullin appear poised to fill two of the team’s three two-way slots heading into the fall.

While many transactions can’t be completed during the NBA’s ongoing moratorium period, two-way signings are among the moves that can be officially finalized, so we’ll likely see plenty of them announced in the coming days.