Transactions Rumors | Hoops Rumors

Hornets Re-Sign Cody Martin To Four-Year Deal

July 2nd, 2022 at 2:35pm CST by Luke Adams

JULY 6: The Hornets have officially re-signed Martin, the team announced in a press release.

“Re-signing Cody was one of our offseason priorities, and we’re excited to have him return to the Hornets,” president of basketball operations Mitch Kupchak said in a statement. “He is an exceptional defender, plays hard at both ends of the floor and has improved all aspects of his game since entering the NBA. Cody will continue to be a valuable member of our team as we move forward.”

JULY 2: The Hornets and restricted free agent Cody Martin have reached an agreement on a multiyear deal, reports Rod Boone of The Charlotte Observer (via Twitter). According to Shams Charania of The Athletic (via Twitter), Martin is signing a four-year, $32MM contract to remain in Charlotte.

Martin, 26, has spent his first three NBA seasons with the Hornets and emerged as a key part of the team’s rotation in 2021/22. He averaged an extra 10 minutes per game and improved his numbers across the board, setting new career highs in PPG (7.7), RPG (4.0), APG (2.5), SPG (1.2), FG% (.482), and 3PT% (.384).

A second-round pick in 2019, Martin earned a total of $4.47MM in his first three years in the NBA, so his new deal represents a major pay increase. Because the Hornets held his Bird rights, they won’t need to dip into their mid-level exception to complete the signing.

The deal with Martin is the first move of what has been a relatively quiet free agent period in Charlotte so far. In the weeks leading up to free agency, it was assumed that sorting out Miles Bridges‘ contract situation would be the Hornets’ top priority. However, Bridges was arrested and charged with felony domestic violence this week.

With Bridges’ NBA future up in the air, the Hornets shifted their focus to re-signing their other key restricted free agent wing. It’s unclear to what extent Martin explored the open market, but Charlotte would have had the ability to match any offer sheet he signed. The two sides avoided any drama by negotiating a new directly.

Martin’s twin brother Caleb Martin is one of the top free agents still on the board. Cody and Caleb ranked 28th and 29th, respectively, on the final iteration of our list of this year’s top 50 free agents.

Thunder Sign Eugene Omoruyi To Two-Way Contract

July 2nd, 2022 at 2:34pm CST by JD Shaw

2:34pm: The Thunder have officially signed Omoruyi to a two-way deal, per a team press release.

2:11pm: The Thunder are signing free-agent swingman Eugene Omoruyi to a two-way contract, his agent Mike George of One Legacy Sports told ESPN’s Adrian Wojnarowski (Twitter link). Oklahoma City now has both of its two-way spots filled, as the other is occupied by Lindy Waters III.

Omoruyi went undrafted in 2021 and spent time with the Mavericks on a two-way deal last year. He suffered a season-ending injury in December and was subsequently waived. The 25-year-old averaged 15.8 points and 6.6 rebounds in eight G League games, shooting 45% from the floor.

Omoruyi spent three seasons at Rutgers and one season at Oregon before declaring for the 2021 NBA Draft. At 6’6″ and 235 pounds, he has the ability to play and defend multiple positions for the Thunder and their G League affiliate.

Hornets Sign Mark Williams, Bryce McGowens

July 2nd, 2022 at 12:30pm CST by JD Shaw

The Hornets have signed center Mark Williams to his rookie contract, the team announced in a press release today. Williams was drafted No. 15 overall by the club in this year’s draft. Charlotte also announced the team’s second-round pick, Bryce McGowens, has officially signed his two-way deal.

Assuming the typical 120% of the rookie scale, Williams’ deal will be worth $18MM across four seasons. He’ll make $3.7MM in his first year with the team. The 7’0″ big man averaged 11.2 points, 7.4 rebounds and 2.8 blocks in 23.5 minutes per game at Duke last season.

McGowens, a 19-year-old guard, started in all 31 games he played with Nebraska last year. He averaged 16.8 points and 5.2 rebounds per game, shooting 40% from the floor and 27% from deep.

Both Williams and McGowens will play for Charlotte during the Las Vegas Summer League, which begins next week. The Hornets missed the playoffs last season and finished with a 43-39 record.

Buddy Boeheim Signs Two-Way Deal With Pistons

July 2nd, 2022 at 11:33am CST by Alex Kirschenbaum

JULY 2: The Pistons have officially signed Boeheim to a two-way contract, according to a team press release.

JUNE 24: Former Syracuse guard Buddy Boeheim has agreed to a two-way contract with the Pistons, reports Dave McMenamin of ESPN (via Twitter).

The 6’6″ wing played for four seasons with the Orange, under the tutelage of his father, legendary coach Jim Boeheim. McMenamin adds that Boeheim was the ACC’s leading scorer during the 2021/22 college season. He was named to the 2022 All-ACC First Team.

In his senior season, the 22-year-old averaged 19.2 PPG, 3.4 RPG, 3.1 APG, and 1.5 SPG in 38.0 MPG while starting in all 32 games he played. He was a full-time starter during his final three college seasons. He sported shooting splits of .406/.341/.884.

Beyond the addition of new rookie Boeheim, Detroit has had a busy draft night. The Pistons selected two lottery players, Purdue guard Jaden Ivey (No. 5) and Memphis center Jalen Duren (No. 13), and the draft rights to a high second-round pick, Fortitudo Bologna guard Gabriele Procida, thanks to a trade with the Trail Blazers that netted Detroit the No. 36 selection.

Pistons Sign Lottery Pick Jaden Ivey

July 2nd, 2022 at 11:16am CST by Dana Gauruder

The Pistons have signed lottery pick Jaden Ivey to his rookie scale contract, the team tweets.

The Purdue point guard was chosen with the No. 5 overall pick. Ivey’s deal, assuming the usual 120% of the rookie scale, will be for four years and $32,951,083. His first-year salary, under those terms, will be $7,252,200.

Ivey is expected to jump right into Detroit’s rotation and pair up in the backcourt with last year’s No. 1 overall pick, Cade Cunningham.

Detroit is also acquiring No. 13 overall pick, center Jalen Duren, from a draft-night trade. However, it cannot officially sign Duren until that trade becomes official.

Grizzlies Sign Three Draft Picks, Kenneth Lofton Jr.

July 2nd, 2022 at 10:27am CST by Dana Gauruder

The Grizzlies have signed first-round draft picks Jake LaRavia and David Roddy to multi-year contracts, the team tweets.

LaRavia, who played for Wake Forest last season, was acquired by Memphis with the No. 19 overall pick pursuant to a draft-night trade with the Timberwolves. His rookie scale contract, under the latest salary cap, could go four years and can be worth up to $14,763,367.

Roddy, who played for Colorado State last season, was acquired by the Grizzlies with the No. 23 overall pick after a trade with the 76ers. His rookie scale deal can go four years and be worth up to $12,985,886.

The Grizzlies also announced that wing Vince Williams Jr. and big man Kenneth Lofton Jr. have signed two-way contracts (Twitter link).

Williams Jr., the No. 47 overall pick of this year’s draft, was selected to the 2021/22 All-Atlantic 10 First Team during his senior year at VCU.

The Grizzlies’ decision to give Lofton a two-way deal was previously reported. He was named to the All-Conference USA First Team during his sophomore year at Louisiana Tech last season but went undrafted.

With Williams and Lofton on two-way deals, the Grizzlies have waived guard Tyrell Terry, who signed a two-year, two-way contract last season. Terry, drafted by Dallas in 2020, appeared in two games with Memphis in ’21/22.

The Grizzlies still have one unsigned draftee, No. 38 pick Kennedy Chandler. His deal will likely be completed once the July moratorium ends.

Suns Sign Damion Lee To One-Year Deal

July 1st, 2022 at 10:27pm CST by Rory Maher

The Suns have signed Damion Lee to a contract, per NBA.com’s official transactions log.

Because the deal is already official, we can deduce it’s a minimum-salary pact, since those can be signed during the July moratorium. The contract will be for one year, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

Lee, 29, went undrafted out of Louisville in 2016. He made his rookie debut with the Hawks in 2017/18, first signing a 10-day deal and then a rest-of-season contract, appearing in 15 games for Atlanta.

Lee has spent the last four seasons with the Warriors, winning a title with Golden State this season. In 201 regular season games (20.6 MPG) with the Warriors, Lee averaged 8.1 PPG and 3.4 RPG on .437/.366/.880 shooting.

While Lee isn’t a great defensive player, he is an impressive shot-maker when he gets rolling, capable of scoring points in bunches. Lee joins Gary Payton II, Otto Porter, Nemanja Bjelica and Juan Toscano-Anderson as role players who are departing the defending champions.

Phoenix gets a decent depth piece at shooting guard, although Lee probably won’t receive many minutes behind star Devin Booker.

Thunder Sign Chet Holmgren, Jalen Williams To Rookie Deals

July 1st, 2022 at 9:30pm CST by Rory Maher

The Thunder have signed a couple of their first-round draft picks, Chet Holmgren and Jalen Williams, according to NBA.com’s official transactions log.

Holmgren was the second pick of the draft after spending one season with Gonzaga. In 32 games (26.9 MPG) for the Bulldogs, the 7’0″ Holmgren averaged 14.1 PPG, 9.9 RPG and 3.7 BPG on .607/.390/.717 shooting.

Williams was the 12th pick of the draft after three seasons with Santa Clara. In 33 games (34.8 MPG) as a junior for the Broncos, the 6’6″ wing averaged 18 PPG, 4.4 RPG, 4.2 APG and 1.2 SPG on .513/.396/.809 shooting.

Oklahoma City has been in rebuilding mode for a couple of seasons now, but the influx of young talent should help accelerate the team’s progression. Holmgren was considered the top prospect in the draft by many talent evaluators, while Williams was a draft riser after strong athletic testing numbers and standout scrimmage performances at the combine in Chicago last month.

Assuming Holmgren and Williams sign for 120% of the rookie scale, which virtually every first-rounder does, they’ll be in line for first-year salaries of $9.89MM and $4.34MM, respectively.

Wizards Sign Anthony Gill To Two-Year Deal

July 1st, 2022 at 8:48pm CST by Dana Gauruder

JULY 1: Gill has officially signed his contract, according to NBA.com’s transactions log. That signals that his two-year deal is worth the minimum, since minimum-salary contracts can be finalized during the July moratorium.

JUNE 30: The Wizards are re-signing forward Anthony Gill to a two-year contract, ESPN’s Adrian Wojnarowski tweets.

Gill was a restricted free agent after Washington extended a qualifying offer. It’s most likely a veteran’s minimum deal, though terms have not been disclosed.

The 6’8″ Gill, 29, went undrafted out of Virginia in 2016 and spent most of his professional career overseas. He signed a two-year contract with the Wizards in November 2020.

Gill came off the bench in 44 games last season, averaging 4.1 PPG and 1.9 RPG in 10.5 MPG.

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.