Transactions Rumors | Hoops Rumors

Pelicans Sign Adonis Arms To Camp Deal

October 1st, 2024 at 12:29pm CST by Luke Adams

The Pelicans have made a minor change to their 21-man training camp roster, announcing today in a press release that they’ve signed guard Adonis Arms and waived guard Izaiah Brockington.

Arms, 26, has played in the G League since going undrafted out of Texas Tech in 2022, spending time with the Nuggets’ and Grizzlies’ affiliates in his first two professional seasons. In 42 total Showcase Cup and regular season NBAGL games last season for the Memphis Hustle, he averaged 16.0 points, 6.0 rebounds, and 3.2 assists per contest, with a shooting line of .458/.399/.720.

The Birmingham Squadron announced last month that they’d acquired Arms’ returning rights from the Hustle in a five-team trade, which is a signal that the Pelicans’ plan is to waive him before opening night and have him report back to the G League this fall. Assuming Arms spends at least 60 days with the Squadron, he’ll earn an Exhibit 10 bonus worth up to $77.5K.

That figures to be the plan for Brockington too. He signed an Exhibit 10 deal with New Orleans last week after spending the 2023/24 season with Birmingham.

Suns Sign, Waive David Stockton

September 30th, 2024 at 8:41pm CST by Arthur Hill

SEPTEMBER 30: The Suns have waived Stockton, according to NBA.com’s official transaction log. His next stop is expected to be with the Valley Suns later this fall.

SEPTEMBER 28: David Stockton has signed an Exhibit 10 contract with the Suns, a league source tells Keith Smith of Spotrac (Twitter link).

Phoenix’s new G League team acquired the 33-year-old point guard’s returning player rights in a trade on Friday, so the Valley Suns will likely be his next stop. If he spends at least 60 days with the G League club, he’ll be eligible for a bonus worth up to $77.5K.

Stockton has played extensively in the G League since his college career with Gonzaga ended in 2014. His NBA experience consists of three games with Sacramento during the 2014/15 season and three games with Utah in 2017/18. He has also played in Croatia, New Zealand, Germany and Puerto Rico.

Stockton’s last NBA opportunity came two years ago when he signed an offseason contract with Indiana.

The Suns had 20 players on their offseason roster, so no corresponding move was necessary to make room for Stockton.

Pelicans, Jose Alvarado Complete Two-Year Extension

September 30th, 2024 at 7:47pm CST by Luke Adams

SEPTEMBER 30: The Pelicans have issued a press release officially announcing Alvarado’s extension.

SEPTEMBER 28: The Pelicans and guard Jose Alvarado have agreed to a two-year contract extension worth $9MM, agent Ron Shade tells Shams Charania of The Athletic (Twitter link).

Alvarado is earning $1,988,598 in 2024/25 in the final year of his current minimum-salary contract. That salary, which had been non-guaranteed, will become fully guaranteed as part of the agreement, tweets ESPN’s Bobby Marks.

The new extension will begin next July and will include a player option for the ’26/27 season, according to Charania.

Alvarado, 26, has spent the past three seasons in New Orleans after going undrafted out of Georgia Tech in 2021. He emerged as a regular contributor for the Pelicans as a rookie free agent in 2021/22, earning a promotion from his two-way contract to the standard roster near the end of that season, and has maintained his place in the team’s rotation since then.

In 2023/24, Alvarado averaged 7.1 points, 2.3 rebounds, 2.1 assists, and 1.1 steals in 18.4 minutes per game across 56 appearances off the bench. Nicknamed “Grand Theft Alvarado” for his habit of making highlight-reel steals, the Pelicans guard posted a shooting line of .412/.377/.673 and finished sixth in Sixth Man of the Year voting last season.

The maximum extension that Alvarado could have signed would’ve been similar to the one Andrew Nembhard received from Indiana, worth over $18MM in 2025/26. While that would’ve been an overpay, the Pelicans did very well to lock up the reserve guard for an additional season at just $4.5MM, a bargain for any effective rotation player. If he continues to produce in New Orleans, Alvarado could opt out in 2026 and seek a more lucrative deal at that time.

The Pelicans now have seven players on guaranteed contracts for the 2025/26 season, with Jordan Hawkins likely to join that group in the next few weeks when the team exercises his rookie scale team option. Brandon Ingram (unrestricted) and Trey Murphy (restricted) will be among New Orleans’ 2025 free agents if they don’t sign extensions of their own.

Sixers Sign Isaiah Mobley, Jordan Tucker To Exhibit 10 Deals

September 30th, 2024 at 12:33pm CST by Arthur Hill

12:33pm: In addition to confirming their deal with Mobley, the Sixers announced in a press release that they’ve officially signed free agent forward Jordan Tucker, who will fill the final spot on the team’s 21-man training camp roster.

Tucker, who played for Philadelphia’s Summer League team in Salt Lake City and Las Vegas, has bounced around since going undrafted out of Butler in 2020, playing in the G League, Bulgaria, North Macedonia, and France.

While the Sixers didn’t explicitly confirm it, it’s safe to assume Tucker also inked an Exhibit 10 deal.

9:55am: Isaiah Mobley has agreed to an Exhibit 10 contract with the Sixers, sources tell Tim Bontemps of ESPN (Twitter link).

The 25-year-old power forward spent the past two seasons on two-way deals in Cleveland, where he played alongside his younger brother, Evan. He appeared in 22 total games for the Cavaliers, averaging 2.5 points and 1.4 rebounds in 7.1 minutes per night. He was selected with the 49th pick in the 2022 draft.

Mobley also has experience in the G League, where he played part of the last two seasons. The Exhibit 10 deal means he’ll be eligible for a bonus worth up to $77.5K if he’s waived and spends at least 60 days with Philadelphia’s affiliate in Delaware.

The Sixers have 13 players with fully guaranteed contracts, along with Ricky Council on a non-guaranteed deal. The team’s two-way slots are filled by Justin Edwards, Jeff Dowtin and Lester Quinones, but Mobley might be able to compete for one of those with an impressive camp.

Mobley’s signing will bring Philadelphia’s roster to 20 players, one short of the offseason limit.

Alondes Williams Signs Camp Deal With Clippers

September 30th, 2024 at 12:29pm CST by Luke Adams

SEPTEMBER 30: Williams was included on the training camp roster officially announced today by the Clippers, signaling that his camp contract with the team is now official (Twitter link).

SEPTEMBER 17: Former Heat guard Alondes Williams is set to join the Clippers on a training camp contract, according to Ira Winderman of The South Florida Sun Sentinel (subscription required).

Williams, who played college ball for Triton College, Oklahoma, and Wake Forest, went undrafted in 2022 and spent his rookie season with the Nets and their G League affiliate in Long Island. Last August, he signed an Exhibit 10 contract with the Heat and opened the season with the Sioux Falls Skyforce, Miami’s G League affiliate, before signing a two-way contract with the Heat in February and finishing the season on their 18-man roster.

Although Williams has only played 21 total minutes across eight appearances for Brooklyn and Miami at the NBA level, he’s coming off a big year in the G League. In 43 Showcase Cup and regular season appearances for the Skyforce in 2023/24, he put up 20.3 points, 7.1 assists, and 5.3 rebounds in 37.4 minutes per game, with a shooting line of .499/.369/.742. The 25-year-old also helped the Heat win a Summer League title this summer, averaging 12.0 PPG and 4.8 APG with a .480 3PT% in five games in Las Vegas.

The Heat initially tendered Williams a two-way qualifying offer to make him a restricted free agent, but they withdrew that QO in July after filling their two-way slots, freeing him up to sign outright with any team.

Williams will likely sign an Exhibit 10 contract with the Clippers and could be a candidate to have it converted to a two-way deal, since Los Angeles has a two-way slot open alongside Jordan Miller and Trentyn Flowers.

Since Sioux Falls still controls Williams’ G League returning rights, he wouldn’t be eligible for a $77.5K Exhibit 10 bonus with L.A. unless the San Diego Clippers acquire his rights from the Skyforce.

Pacers Waive Josiah-Jordan James

September 29th, 2024 at 3:00pm CST by Alex Kirschenbaum

The Pacers have announced in a press statement that they’ve waived guard Josiah-Jordan James just ahead of training camp.

The 6’6″ Tennessee alum agreed to an Exhibit 10 training camp deal with Indiana shortly after he was skipped over in this year’s draft, but the deal wasn’t officially completed by the team until this week.

James enjoyed a successful 144 contests in Tennessee from 2019-24 and was a key part of the Vols’ Elite Eight squad this past spring. Across 36 contests (all starts) in 2023/24, James averaged 8.4 points, 6.4 boards and 1.9 assists per contest, with a shooting line of .402/.341/.831.

Reporting in June indicated James would have a chance to earn a two-way contract with the Pacers, but now that he’s been cut, it seems likely he’ll suit up for the team’s NBAGL affiliate squad, the Indiana Mad Ants.

As an Exhibit 10 signee, James will be able to earn a bonus worth as much as $77.5K should he stick with the Mad Ants for at least 60 days.

Pacers Adding Jahlil Okafor On Training Camp Deal

September 28th, 2024 at 7:01pm CST by Arthur Hill

Jahlil Okafor has reached an agreement with the Pacers on a training camp contract, agent Daniel Hazan of Hazan Sports tells Shams Charania of The Athletic (Twitter link).

The 28-year-old center, who was selected by Philadelphia with the third pick in the 2015 draft, gets a chance to return to the NBA after three years away. Pacers officials watched him in workouts over the summer and were impressed by his conditioning level, Charania adds.

Okafor has been out of the NBA since the 2020/21 season, when he appeared in 27 games with Detroit. He was traded to Brooklyn that summer and later signed with Atlanta, but wasn’t able to win a roster spot with either team.

Okafor resumed his basketball career overseas, playing in China and Spain before signing with a Puerto Rican team in February. He also spent time in the G League and was among the players selected by Phoenix’s new affiliate at the expansion draft in June. The Pacers’ affiliate, the Indiana Mad Ants, acquired Okafor’s rights in a G League trade on Friday.

Okafor averaged 17.5 points and 7.0 rebounds in his first season and finished fifth in the Rookie of the Year voting, but he wasn’t able to sustain that level of success. He was traded to Brooklyn after a little more than two seasons with the Sixers, and played two years in New Orleans before moving on to Detroit.

The Pacers only have 12 players in camp with fully guaranteed contracts, so Okafor should have an opportunity to compete for a roster spot. They will be at the offseason limit of 21 players once his signing becomes official.

Kings Sign Brodric Thomas To Camp Deal

September 28th, 2024 at 5:08pm CST by Luke Adams

5:08pm: The signing is official, tweets James Ham of The Kings Beat.

4:00pm: The Kings are adding free agent shooting guard Brodric Thomas to their training camp roster, reports Jason Anderson of The Sacramento Bee (Twitter link).

While Anderson doesn’t specify what type of contract Thomas will sign, it will almost certainly be a non-guaranteed Exhibit 10 deal, which won’t count against Sacramento’s cap.

Thomas appeared in a total of 44 NBA regular season games for the Rockets, Cavaliers, and Celtics from 2020-22, but has mostly played in the G League since going undrafted out of Truman State in 2020. Last season, he appeared in 22 games for the Clippers’ G League affiliate, averaging 11.0 points, 3.6 rebounds, and 3.1 assists in 24.9 minutes per contest, with a shooting line of .387/.357/.750.

The 27-year-old also represented the G League United earlier this month in exhibition games against Serbian team KK Mega Basket.

Although Thomas has only made 18-of-68 (26.5%) three-point attempts at the NBA level, he’s known as a talented shooter and has made 38.9% of 373 career outside shots in the G League.

Assuming Thomas signs an Exhibit 10 contract, he could have it converted to a two-way deal before the regular season or he could be eligible for a bonus worth up to $77.5K if he’s waived by Sacramento and then spends at least 60 days with the Kings’ G League affiliate. However, the Stockton Kings would have to acquire his returning rights from the San Diego Clippers for that latter scenario to happen.

Once Thomas’ deal is official, Sacramento will have a full 21-man preseason roster.

Knicks Waive Marcus Morris, Chuma Okeke

September 28th, 2024 at 4:48pm CST by Arthur Hill

The Knicks have placed forwards Marcus Morris and Chuma Okeke on waivers, the team announced on Twitter.

Both players had non-guaranteed camp contracts, so New York won’t have any future financial obligations to either of them. Morris signed an Exhibit 9 deal two weeks ago, while Okeke inked an Exhibit 10 contract in August.

The moves are a prelude to the looming Karl-Anthony Towns trade with Minnesota. As our Luke Adams explained this morning, the Knicks’ financial situation will likely require multiple sign-and-trade deals before Towns can be acquired, so roster spots had to be opened to make those moves possible.

Morris, 35, is a 13-year NBA veteran. He split last season between Philadelphia and Cleveland, averaging 6.4 points and 2.7 rebounds in 49 total games.

Okeke, 26, spent the past four season with Orlando after being selected with the 16th pick in the 2019 draft. He averaged 2.3 points and 1.7 rebounds in 47 games with the Magic last season.

It’s unclear whether or not the Knicks plan to bring back Morris and/or Okeke after the Towns trade is officially completed.

Timberwolves Waive Chasson Randle

September 28th, 2024 at 4:22pm CST by Arthur Hill

The Timberwolves have parted ways with veteran guard Chasson Randle, the team announced in a press release.

Randle, 31, officially signed an Exhibit 10 contract with Minnesota on Friday, although the move had been rumored for several weeks. He’ll have an opportunity to earn a bonus worth up to $77.5K if he spends at least 60 days with the team’s G League affiliate in Iowa.

Randle played for five teams in four NBA seasons before heading overseas in 2021. He spent last season with AEK Athens in the Greek Basketball League, averaging 8.8 points, 2.5 rebounds and 2.7 assists in 21 games.

Waiving Randle leaves the Wolves with 20 players, one short of the NBA’s offseason roster limit. They’re reportedly taking back three players from New York in the Karl-Anthony Towns trade, so at least one more spot will have to be opened before that deal can be completed.