Transactions Rumors | Hoops Rumors

Nets Re-Sign Kessler Edwards

July 6th, 2022 at 11:37am CST by Luke Adams

The Nets have officially signed free agent wing Kessler Edwards to a new multiyear contract, the team announced today in a press release. Exact terms of the deal aren’t yet known, but Michael Scotto of HoopsHype (Twitter link) reports that it’s a two-year agreement with a second-year team option.

The 44th overall pick in the 2021 draft, Edwards spent most of his rookie year on a two-way contract, then was signed to a standard deal right before the end of the regular season in order to make him playoff-eligible.

Edwards showed promise in his first NBA season, averaging 5.9 points and 3.6 rebounds per game in 48 appearances (20.6 MPG). The former Pepperdine standout posted a .412/.353/.842 shooting line and even made 23 starts when the team’s depth was impacted by injuries and COVID-19.

The Nets declined Edwards’ minimum-salary player option last week in order to give him a qualifying offer and make him a restricted free agent. That QO was later rescinded, making him unrestricted, but it appears Brooklyn’s interest in bringing back the former second-round pick never wavered.

The Nets have now signed or agreed to terms with three free agents in the last two days, having also struck deals on Tuesday with forward T.J. Warren and guard Edmond Sumner. The club now projects to have 13 of its 15 standard roster spots filled, though obviously trades involving Kevin Durant and/or Kyrie Irving could change that.

John Wall Signs Two-Year Deal With Clippers

July 5th, 2022 at 8:33pm CST by Luke Adams

July 8: Wall’s deal with the Clippers is now official, the team announced (via Twitter). “John is one of the great downhill drivers and shot creators of his era,” said president of basketball operations Lawrence Frank. “He will add depth to our backcourt with his initiating, passing and point-of-attack defense.”

July 1: The Clippers and point guard John Wall have formally agreed to terms on a two-year contract worth $13.2MM, according to a tweet from Klutch Sports Group.

Wall reached a buyout agreement earlier in the week with the Rockets and was officially cut on Tuesday, clearing waivers on Thursday. Reporting at the time of his agreement with Houston indicated that he intended to join the Clippers, likely on a deal worth the taxpayer mid-level exception. His agency has now confirmed that’s the case.

Wall gave back a reported $6.5MM of his $47MM+ salary for 2022/23 in his buyout with the Rockets. That’s almost the exact amount the taxpayer MLE is worth for 2022/23.

Wall has played in just 72 regular season contests since the 2017/2018 season. Much of that missed time was due to injuries, including heel surgery and a ruptured Achilles tendon. However, he was believed to be healthy last season when he and the Rockets reached an agreement to keep him away from the team as Houston focused on developing its young backcourt.

Wall put up solid numbers during 40 games with the Rockets in 2020/21, averaging 20.6 PPG and 6.9 APG, though he shot a career-worst 40.4% from the field. His production peaked in ’16/17, when he averaged 23.1 and 10.7 APG for Washington.

The 31-year-old, who has five All-Star appearances on his résumé, will join a veteran-heavy Clippers team that aims to compete for a title in 2022/23 with a healthy Kawhi Leonard and Paul George back in the lineup. Wall will likely share ball-handling duties with guards like Reggie Jackson, Terance Mann, and Norman Powell in addition to those star forwards.

The Clippers have 11 players on guaranteed contracts, with Wall, Nicolas Batum, and Amir Coffey set to sign new deals. That leaves just one open spot on the club’s projected 15-man regular season roster.

Grizzlies Sign Kennedy Chandler To Four-Year Deal

July 5th, 2022 at 7:02pm CST by Rory Maher

JULY 6: The Grizzlies have officially signed Chandler, according to the transactions log at NBA.com.

JULY 5: The Grizzlies are signing second-round pick Kennedy Chandler to a four-year, $7.1MM contract, his agent Ryan Davis tells Shams Charania of The Athletic and Stadium (Twitter link).

According to Charania, Chandler’s rookie contract contains $4.94MM in guaranteed money, which is the most an American second-rounder has ever received.

A four-year, minimum-salary contract would have been worth $6.94MM, so Chandler will likely receive a little more than the minimum in his rookie season.

The Grizzlies acquired Chandler in a draft-day trade from the Spurs in exchange for the Lakers’ 2024 second-round pick and cash. He was the 38th selection of the 2022 NBA draft.

Chandler was ranked 20th on ESPN’s big board prior to the draft, so he slid a bit to fall into the second round. The Memphis native averaged 13.9 PPG, 3.2 RPG, 4.7 APG and 2.2 SPG on .464/.383/.606 shooting in 34 games (30.8 MPG) as a freshman for Tennessee this past season.

Although he stands just 6’0″, Chandler is an excellent athlete and has a reputation as a strong defender. The 19-year-old recorded the highest max vertical leap (41.5″) and the second-fastest shuttle run (2.89) among all participants who were tested at the NBA draft combine in May.

Chandler is a true point guard, capable of distributing and getting to his spots at a high level. He’s currently starting for Memphis’ Summer League squad against Philadelphia in Salt Lake City, recording six points, three rebounds, three assists, two steals and two blocks through nearly three quarters of action, per ESPN.

As Chris Herrington of The Daily Memphian observes (Twitter links), Chandler’s deal is pretty similar to the contract Xavier Tillman received from the Grizzlies as the 35th pick in 2020 ($6.5MM over four years, with $4.6MM guaranteed). The Grizzlies had to use part of their mid-level exception to give Chandler a four-year deal, Herrington notes.

Mavericks Sign Jaden Hardy To Three-Year Deal

July 5th, 2022 at 6:46pm CST by Rory Maher

JULY 7: The Mavericks have officially signed Hardy, per NBA.com’s transactions log.

JULY 5: The Mavericks are signing second-round pick Jaden Hardy to a three-year contract, league sources tell longtime reporter Marc Stein (Twitter links).

As Stein explains, the Mavs had hoped to sign Hardy to a four-year deal, but because they project to be a taxpaying team next season, they will be limited to three years instead of four. According to Stein, Dallas is using slightly more than $1MM of its taxpayer mid-level exception to sign Hardy, the portion the team withheld in its deal with veteran JaVale McGee.

Hardy, who turns 20 today, was the 37th overall pick of the June 23 draft. The Mavericks traded their 2024 and 2028 second-rounders to move into the draft and acquire Hardy, whom the Mavs reportedly had 19th on their board, per ESPN’s Tim MacMahon.

A five-star recruit exiting high school and at one point a projected top-five pick, Hardy spent last season with the G League Ignite, posting solid averages of 17.7 PPG, 4.6 RPG and 3.2 APG in 12 games (32.2 MPG). However, his offensive efficiency (3.5 turnovers per game and .351/.269/.882 shooting splits) and lackluster defense caused his draft stock to slide, as he was rated as a late first-rounder by ESPN before being selected 37th overall.

Once the signings of Hardy, McGee and Theo Pinson become official, the Mavs will have 14 of their 15 standard roster spots filled.

Lester Quinones Signs Two-Way Deal With Warriors

July 5th, 2022 at 6:28pm CST by Dana Gauruder

JULY 5: Quinones’ two-way deal with the Warriors is now official, the team announced (via Twitter).

JUNE 23: The Warriors are adding Memphis guard Lester Quinones on a two-way contract, Shams Charania of Stadium tweets.

Quinones averaged 10 PPG, 3.5 RPG, 1.3 APG and 1.2 SPG during his junior season. He shot 44.9% from the field and 38.9% on 3-point attempts.

Golden State had guards Chris Chiozza and Quinndary Weatherspoon on two-way deals at the end of the season, but Chiozza is no longer eligible for a two-way contract and there’s no guarantee Weatherspoon will be back.

Bucks Waive Rayjon Tucker, Luca Vildoza

July 5th, 2022 at 5:11pm CST by Rory Maher

The Bucks have waived Rayjon Tucker and Luca Vildoza, reports Michael Scotto of HoopsHype (via Twitter).

The three-year, minimum-salary deal that Tucker signed with the Bucks at the end of last season was non-guaranteed entering the offseason, as was the two-year deal that Vildoza signed, so Milwaukee won’t face any financial penalties for releasing either player. Vildoza’s contract would have been partially guaranteed for $500K had he made it to the start of the 2022/23 regular season with the Bucks.

The 24-year-old Tucker went undrafted out of Little Rock in 2019 and spent most of the 2019/20 season with the Jazz, then signed a two-way contract with the Sixers in January 2021 and got a 10-day deal from the Nuggets in December 2021. Tucker was signed by the Bucks with a couple of days left in the ’21/22 regular season and played in two games, plus eight postseason appearances at the end of lopsided games.

Tucker has appeared in a total of 39 NBA games across three seasons, averaging 3.0 PPG and 1.0 RPG in just 7.7 minutes per contest. He has been much more active in the G League during that span, having played for the Salt Lake City Stars, the Wisconsin Herd, and the Delaware Blue Coats. In 27 regular season games this past season for the Herd (the Bucks’ NBAGL affiliate), the wing averaged an impressive 21.1 PPG on 53% shooting. He also chipped in 7.6 RPG, 3.8 APG, and 1.2 SPG.

Vildoza, 26, played internationally in Spain for several seasons prior to reaching a buyout to sign with the Knicks in May 2021. His four-year deal with New York was non-guaranteed beyond the end of that season, and the team ended up waiving him before he underwent foot surgery last October.

The Argentinian guard is reportedly fully healthy and recovered from the surgery, but he has yet to make his regular season debut. He did, however, make seven very brief postseason appearances with the Bucks, his only official NBA action to date beyond Summer League.

After re-signing the majority of their own free agents and agreeing to a deal with Joe Ingles, the Bucks will tentatively have 14 players on their roster once first-round pick MarJon Beauchamp is signed to his rookie deal. The 15th spot could be reserved for restricted free agent Jordan Nwora, assuming the two sides can find a deal that works for both parties.

Spurs Claim Isaiah Roby Off Waivers

July 5th, 2022 at 4:08pm CST by Rory Maher

The Spurs have used a waiver claim to add Isaiah Roby to their roster, a source tells ESPN’s Adrian Wojnarowski (Twitter link).

Veteran NBA reporter Marc Stein was the first to report (via Twitter) that there was a “strong expectation leaguewide” that Roby would be claimed on the waiver wire.

As Eric Pincus of Bleacher Report previously noted, Roby earned more than the minimum salary in the first year of his four-year contract with the Thunder, so the Spurs will have to use some of their cap space to absorb his $1,930,681 salary for 2022/23. Waivers claims are rare for non-minimum players, but Roby has shown some promise, so San Antonio will be taking a relatively cheap flier on him contributing next season.

In his third season with the Thunder in ’21/22, 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). Oklahoma City had previously picked up his club option, but then the Thunder waived him before his contract would have become fully guaranteed. Because his salary guarantee deadline was July 3, his $1.93MM will now be fully guaranteed.

The Spurs recently agreed to sign Gorgui Dieng and now added Roby, so clearly adding frontcourt depth was a priority with their final roster spots. Once all of San Antonio’s first-round picks are signed to their rookie deals (only Blake Wesley has been signed thus far, but the other two should be formalities), the Spurs will tentatively have a full 15-man roster.

Even accounting for the new additions, the Spurs still have well over $30MM in cap room this offseason, so they have plenty of options to work with going forward.

Thunder Sign Ousmane Dieng To Rookie Contract

July 5th, 2022 at 3:56pm CST by Luke Adams

The Thunder have officially signed No. 11 overall pick Ousmane Dieng to his rookie contract, the team announced today in a press release.

Oklahoma City’s announcement also confirmed the signings of the team’s other first-rounders – No. 2 pick Chet Holmgren and No. 12 pick Jalen Williams – which we wrote about on Friday.

Dieng was the first top European prospect to take advantage of the National Basketball League’s Next Stars program. The French forward spent the 2021/22 season with the New Zealand Breakers in Australia’s NBL, averaging 8.9 PPG and 3.2 RPG in 23 games (20.3 MPG) against professional competition.

The Thunder sent three protected future first-round picks to the Knicks in order to land the No. 11 pick and select Dieng on draft night.

As our chart of 2022/23 rookie salaries shows, Dieng is on track to earn $4.57MM as a rookie and $21.17MM across four years, assuming he signed for the maximum allowable 120% of the rookie scale.

Blake Wesley Signs Rookie Contract With Spurs

July 5th, 2022 at 1:07pm CST by Arthur Hill

The Spurs have signed first-round pick Blake Wesley, the team announced in a press release.

Assuming Wesley receives the standard 120% of the rookie scale, he will be paid approximately $2.39MM in his first season and $12.24MM over the life of the four-year contract.

[RELATED: 2022 NBA Draft Pick Signings]

The 19-year-old guard out of Notre Dame was the 25th pick in last month’s draft. He averaged 14.4 points, 3.7 rebounds and 2.4 assists during his lone season with the Fighting Irish and was a second-team All-ACC selection.

Wesley was one of three players selected by the Spurs in the first round of the June 23 draft. There have been no announcements yet on Jeremy Sochan and Malaki Branham, but it likely won’t be long before they sign their own rookie contracts.

Nets Sign Edmond Sumner

July 5th, 2022 at 10:58am CST by Luke Adams

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

JULY 5: After reaching a contract agreement with T.J. Warren earlier in the day, Brooklyn is set to sign another former Pacer who missed the entire 2021/22 season due to an injury.

According to Adrian Wojnarowski of ESPN (Twitter link), the Nets and free agent guard Edmond Sumner have agreed to a deal. Sumner tore his left Achilles tendon last September and was sidelined all of last season as he recovered.

Prior to the injury, Sumner enjoyed a career year in Indiana in 2020/21, playing a career-high 16.2 minutes per game and earning 24 starts in 53 contests. The 6″4″ guard averaged 7.5 PPG and 1.8 RPG with an impressive shooting line of .525/.398/.819, and projected to be part of the Pacers’ rotation for ’21/22.

The Nets actually acquired Sumner in a trade with the Pacers during the 2021 preseason, following his Achilles tear, but that was a salary-dump deal that sent a future second-round pick to Brooklyn. Sumner was waived a few days later.

While the terms of the agreement between Sumner and the Nets have yet to be reported, it’s almost certain to be a minimum-salary contract.

Brooklyn’s roster remains in flux due to the unresolved Kevin Durant and Kyrie Irving situations, so Sumner’s exact role remains to be determined, but he’ll likely be a depth piece in the backcourt.