Transactions Rumors | Hoops Rumors

Gary Harris Signs Two-Year Extension With Magic

June 30th, 2022 at 7:59pm CST by Alex Kirschenbaum

7:59pm: The Magic have officially issued a press release announcing that the team’s contract extension with Harris is done (Twitter link).

7:53pm: Veteran Magic shooting guard Gary Harris will return to Orlando, per Jeff Zillgit of USA Today Sports (via Twitter). Agents Austin Brown and Aaron Mintz inform Adrian Wojnarowski of ESPN (Twitter link) that the two sides have agreed to a two-season, $26MM contract extension.

The 27-year-old spent his first 6.5 NBA seasons in Denver after the Nuggets traded for his draft rights in 2014. Harris quickly became a valuable two-way starter with the Nuggets beginning in the 2015/16 season. His availability began to be hampered by injury issues towards the end of his Denver tenure. The 6’4″ wing holds career averages of 11.8 PPG, 2.5 RPG, 2.1 APG, and 1.2 SPG, plus shooting splits of .448/.363/.812.

Denver eventually included Harris in its 2021 trade for forward Aaron Gordon. During his first full season with a lottery-bound 22-60 Magic club in 2021/22, Harris proved to be a solid veteran presence on both sides of the ball, averaging 11.1 PPG, 2.0 RPG, 1.8 APG and 1.0 SPG, plus a .434/.384/.874 slash line.

Because the calendar has yet to roll over to July 1, the NBA technically remains in the 2021/22 season. Thus, Harris was still extension-eligible today and won’t actually become a free agent. He’ll also remain trade-eligible after signing the extension, since it doesn’t exceed the CBA’s extend-and-trade limits.

Harris had previously been signed to a four-year, $84MM extension deal while with the Nuggets.

Timberwolves Sign Kyle Anderson

June 30th, 2022 at 7:44pm CST by Luke Adams

JULY 8: The Timberwolves have officially signed Anderson, according to the transactions log at NBA.com.

JUNE 30: The Timberwolves and free agent forward Kyle Anderson have agreed to a two-year, $18MM deal, agents Thad Foucher and Joe Smith tell Adrian Wojnarowski of ESPN (Twitter link).

The terms of the contract suggest Minnesota will be using part of its non-taxpayer mid-level exception to sign Anderson. Both years will be guaranteed, tweets Darren Wolfson of 5 Eyewitness News.

After enjoying a career year in 2020/21 with 12.4 PPG and a .360 3PT%, Anderson failed to match those numbers in ’21/22, but he remains a solid defensive wing who rebounds well for his size and can act as a secondary play-maker.

Anderson averaged 7.6 PPG, 5.3 RPG, 2.7 APG, and 1.1 SPG on .446/.330/.638 shooting in 69 games (21.5 MPG) for Memphis this past season.

According to Dane Moore of Bring Me The News (Twitter link), the Wolves “really wanted” to add a player who could create his own shot and put pressure on the rim. They believe Anderson fits that bill.

Clippers Re-Sign Amir Coffey To Three-Year Contract

June 30th, 2022 at 7:26pm CST by Alex Kirschenbaum

JULY 6: The Clippers have officially re-signed Coffey, according to NBA.com’s transactions log.

JUNE 30: The Clippers will re-sign 25-year-old restricted free agent shooting guard Amir Coffey to a three-year, $11MM contract, agents Bill Duffy and Marlon Harrison have revealed to Adrian Wojnarowski of ESPN (via Twitter).

After going undrafted out of Minnesota in 2019, Coffey joined L.A. on a two-way contract. He played sparingly at the NBA level during the 2019/20 and 2020/21 seasons, averaging 3.2 PPG across 62 total contests.

Coffey initially returned to the Clippers on a two-way deal in 2021. In five games with the Clippers’ NBAGL club, the Agua Caliente Clippers, Coffey averaged 19.6 PPG, 5.8 RPG, 2.8 APG and 1.2 SPG. He was ultimately promoted to the club’s 15-man roster in March.

In 69 games with Los Angeles during the 2021/22 season, including 30 starts, Coffey averaged 9.0 PPG, 2.9 RPG, 1.8 APG and 0.6 SPG in 22.7 MPG. He posted shooting splits of .453/.378/.863. Presumably, the 25-year-old’s minutes and touches may be reduced with the full-time returns of All-Star wings Kawhi Leonard and Paul George next season.

Los Angeles has been making sure it re-signs several key role players already during free agency, anticipating a deep postseason run in 2022/23. The team will reportedly extend center Ivica Zubac on a three-year, $33MM deal, and also is set to bring back forward Nicolas Batum on a two-season, $22MM agreement.

JaVale McGee Joins Mavericks On Three-Year Contract

June 30th, 2022 at 7:03pm CST by Alex Kirschenbaum

JULY 9: McGee’s contract is official, the Mavericks confirmed (via Twitter).

JUNE 30: The Mavericks have been adding some size this offseason. After trading for big man Christian Wood earlier this month, Dallas is set to sign journeyman veteran center JaVale McGee to a three-year contract, according to Chris Haynes of Yahoo Sports.

Shams Charania of The Athletic tweets that the deal is a three-year, $20.1MM agreement, and the final season is a player option.

That figure suggests the Mavs are using their full taxpayer mid-level exception on McGee, but Marc Stein tweets that the team intends to preserve some of that MLE to sign second-round pick Jaden Hardy to a three-year contract. If that’s the case, McGee’s three-year deal will be worth about $17.2MM, tweets Yossi Gozlan of HoopsHype.

McGee expects to start at the five for Dallas, per Tim MacMahon of ESPN (Twitter link). MacMahon adds that this signing will reunite McGee with former Lakers comrades Jason Kidd, now the Mavericks’ head coach, and Dallas assistant coach Jared Dudley. Kidd served as an assistant coach under Frank Vogel and Dudley was a reserve on a title-winning 2020 Los Angeles team along with McGee.

The seven-footer, a three-time NBA champion, raved about his on-court fit with Mavericks All-Star guard Luka Doncic. “I saw some opportunities out there where I was like, ‘Oh yeah, if they had a rolling big, they could dominate in a different aspect,'” McGee said.

After being selected with the No. 18 pick by the Wizards out of Nevada in 2008, the seven-footer flashed plenty of promise with Washington as a hyper-athletic, rim-rolling center, but was ultimately dealt to the Nuggets in 2012. He was re-signed to a pricey extension in Denver, only to be dealt again, this time to the Sixers, in 2015.

McGee then enjoyed an initial one-year stint with Dallas during the 2015/16 season. He only really blossomed as one of the best low-usage centers in the league after signing with the Warriors in 2017, winning two titles with a star-studded Golden State franchise. McGee then joined the Lakers in 2018, eventually winning his third championship in 2020. The Lakers sent him to the Cavaliers during the following offseason, before he was dealt to the Nuggets and once again became a valuable reserve on a playoff contender. He spent last-season with yet another starry postseason club, the 64-win Suns, on a one-year, $5MM deal.

In 74 games with Phoenix, McGee averaged 9.2 PPG, 6.7 RPG and 1.1 BPG across just 15.8 MPG. The 34-year-old connected on an excellent 62.9% of his 6.2 field goals per night.

Lakers To Sign Lonnie Walker, Damian Jones, Troy Brown Jr.

June 30th, 2022 at 6:28pm CST by Rory Maher

The Lakers are signing Lonnie Walker to a one-year, $6.5MM deal, Damian Jones to a two-year, minimum-salary deal with a player option, and Troy Brown Jr. to a minimum deal, according reports from Shams Charania of The Athletic and Adrian Wojnarowski of ESPN (All Twitter links here). Brown’s contract is for one year, tweets Dave McMenamin of ESPN.

Walker, 23, was the 18th pick of the 2018 draft and spent his first four seasons with the Spurs. He’s a very athletic guard and has shown glimpses of potential, but struggled with efficiency last season (.407/.314/.784 shooting line).

In 70 games (23 MPG) with San Antonio last season, Walker averaged 12.1 PPG, 2.6 RPG and 2.2 APG. The Spurs decided to withdraw his qualifying offer just before free agency opened, making him unrestricted and free to sign with any team. The move wasn’t very surprising considering the Spurs were better with him off the court (+2.1 net rating) than on it (-3.0), so he’ll be looking to build up his value in Los Angeles after an up-and-down tenure in San Antonio.

Jones, who turns 27 today, had a solid season with the Kings in 2021/22 after struggling to find a standard roster spot in ’20/21. In 56 games this season (18.2 MPG), Jones averaged 8.1 PPG and 4.4 RPG while shooting 65.8% from the field and 71.8% from the line.

After being drafted 30th overall in 2016 by the Warriors, Jones spent his first three seasons with Golden State but struggled to find a consistent role. He’s long and athletic, but was raw coming out of college. He made stops in Atlanta, Phoenix and L.A. from 2019-21 before landing with Sacramento, where he developed into a solid backup center.

Brown, 22, was the 15th pick of the 2018 draft and spent his first two-plus seasons with Washington before being traded to Chicago last year. The Bulls declined his qualifying offer after he struggled to make an impact this season, averaging 4.3 PPG and 3.1 RPG on .419/.353/.769 shooting in 66 games (16 MPG).

By using the taxpayer mid-level exception to sign Walker, the Lakers will be limited to a minimum contract for Max Christie, whom the team selected with the 35th pick of the draft last week. Christie’s deal will be limited to two years, as ESPN’s Bobby Marks relays (via Twitter).

Pistons Re-Sign Marvin Bagley III To Three-Year Contract

June 30th, 2022 at 6:24pm CST by Alex Kirschenbaum

JULY 6: Bagley’s contract is now official, per NBA.com’s transactions log.

JUNE 30: The Pistons have agreed to bring back restricted free agent power forward Marvin Bagley III on a three-year, $37MM contract, writes Chris Haynes of Yahoo Sports.

After being selected by the Kings with the second pick in the 2018 draft over multiple future All-Stars, Bagley struggled through erratic playing time and a variety of injuries with Sacramento, but produced on offense when given some leeway by the team. He holds career averages of 13.6 PPG, on 50.1% shooting, and 7.4 RPG.

Bagley was traded to the Pistons in a four-team deal this February. In 18 games with Detroit, Bagley averaged 14.6 PPG, 6.8 RPG, 1.1 APG and 0.7 SPG across 27.2 MPG. The 6’11” big man, still just 23, has yet to become a plus defender, but has value as a scorer on a rebuilding young Pistons team.

Detroit has already enjoyed a busy 2022 offseason. In this year’s NBA draft lottery, the club selected guard Jaden Ivey and center Jalen Duren. The team also traded for veteran shooting guard Alec Burks and reserve center Nerlens Noel from the Knicks. These new additions will join Bagley, 2021 No. 1 pick Cade Cunningham, an All-Rookie First Team selection, promising young center Isaiah Stewart, and former lottery pick Killian Hayes as the Pistons continue to look toward the future.

Rockets Re-Sign Jae’Sean Tate To Three-Year Deal

June 30th, 2022 at 6:15pm CST by Luke Adams

JULY 6: Tate’s new deal is now official, according to NBA.com’s transactions log.

JUNE 30: The Rockets have reached an agreement to re-sign forward Jae’Sean Tate to a three-year contract, agents E.J. Kusnyer and Jordan Cornish tell Shams Charania of The Athletic (Twitter link). Tate’s new deal will be worth $22.1MM.

Houston made the unusual decision to turn down Tate’s minimum-salary team option for 2022/23 this week, despite the fact that he still would have been a restricted free agent a year from now if that option had been exercised.

The move signaled that the Rockets were confident in their ability to lock up Tate to a new multiyear deal — tonight’s news confirms it.

The former Ohio State standout began his professional career overseas in Antwerp in 2018 after going undrafted, then joined the Sydney Kings in 2019 before eventually making his way to Houston in 2020.

While Tate’s three-point shot (31.0%) could use some work, he has showed an impressive ability to score (11.6 PPG on 50.1% shooting), rebound (5.4 RPG), set up teammates (2.8 APG), and defend during his two years with the Rockets and appears to have a place in the club’s plans going forward.

Bucks Re-Sign Joe Ingles, Wesley Matthews, Jevon Carter

June 30th, 2022 at 6:04pm CST by Luke Adams

JULY 6, 6:38pm: The Bucks’ deal with Ingles is now official, the team announced in a press release.

“Joe is a proven shot maker who will add great depth to our roster,” general manager Jon Horst said. “He is a terrific person and teammate who will fit in well with our team and community. We’re thrilled to welcome Joe and his family to Milwaukee.”

JULY 6, 2:29pm: The Bucks have issued a press release announcing their new deal with Carter and have also officially re-signed Matthews, per NBA.com’s transactions log. The Ingles signing figures to be formalized very soon.

JUNE 30, 6:04pm: Free agent forward Joe Ingles has agreed to a one-year contract with the Bucks worth $6.5MM, agent Mark Bartelstein tells Michael Scotto of HoopsHype (Twitter link). Ingles’ wife Renae first broke the news on Twitter.

The Bucks have also agreed to bring back a pair of their own free agents, agreeing to a one-year deal with swingman Wesley Matthews and a two-year pact with guard Jevon Carter, according to Shams Charania of The Athletic (Twitter links).

The $6.5MM salary for Ingles indicates he’ll be getting the team’s taxpayer mid-level exception. Carter’s deal will be worth $4.6MM over two years, with a player option on year two, tweets Michael Scotto of HoopsHype. That figure suggests Carter may be getting slightly above the veteran’s minimum using his Non-Bird rights.

It’s a somewhat surprising use of Milwaukee’s taxpayer mid-level exception, given that Ingles just underwent surgery on a torn ACL in February. The 34-year-old seems extremely unlikely to be ready to go by the fall and may not get back on the court until 2023. If and when he’s healthy though, he’ll be a nice fit for a Bucks team that could use his ball-handling, shooting, and defensive versatility.

As for Matthews and Carter, they played modest reserve roles for the Bucks in 2021/22, but should be useful depth pieces. Matthews, in particular, had a strong playoff run, starting all 12 of the Bucks’ postseason contests and making 40.0% of his threes.

Clippers Re-Sign Nicolas Batum To Two-Year Contract

June 30th, 2022 at 5:59pm CST by Alex Kirschenbaum

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

“Nico is a selfless vet and a winning player whose intelligence, versatility and skill have lifted our team for the past two years,” president of basketball operations Lawrence Frank said in a statement. “We wanted to keep building with him and are honored he wanted the same.”

JUNE 30: Veteran Clippers forward Nicolas Batum has agreed to return to Los Angeles on a two-season, $22MM contract, according to Chris Haynes of Yahoo Sports.

After being selected with the No. 25 pick in 2008, Batum first established himself as a switchable, reliable 3-and-D wing with the Trail Blazers. After becoming a full-time starter on multiple Portland playoff teams, Batum was eventually traded to the Hornets in 2015.

Following a lackluster run with the Hornets on a lucrative five-year, $120MM deal, Batum was waived by Charlotte ahead of the 2020/21 season, which would have been the final year on his deal. Batum joined the Clippers on a minimum contract in 2020, and promptly rebuilt his NBA value as a solid forward on both ends of the floor, capable of playing either small or power forward.

During the 2021/22 season, Batum averaged 8.3 PPG, 4.3 RPG, 1.7 APG, 1.0 SPG and 0.7 BPG for the Clippers across 59 games, including 54 starts. He posted a shooting line of .463/.400/.658. Batum declined a $3.3MM player option with L.A. ahead of the start of free agency today.

Los Angeles is gearing up for an anticipated deep playoff run, with All-Star wings Kawhi Leonard and Paul George both projected to be healthy during the 2022/23 season. In addition to bringing back 33-year-old Batum, the Clippers also are set to add 31-year-old former five-time All-Star John Wall to a team-friendly contract as they shore up veteran depth.

The Clippers are re-signing Batum using the Early Bird exception, which requires the deal to be for at least two years, with no options.

Sixers Sign P.J. Tucker, Danuel House, Trevelin Queen

June 30th, 2022 at 5:42pm CST by Luke Adams

JULY 6: With the moratorium lifted, the Sixers have now made their deals with Tucker and House official as well.

“P.J. Tucker is one of the most respected and relentless competitors in our game and is the type of competitor our fans will love and embrace,” Morey said in a press release announcing the signing of Tucker. “We’re excited to add his leadership, toughness, defensive versatility and championship pedigree to our roster. P.J. wants to deliver an NBA title to Philadelphia and his work ethic and mentality make him an impactful addition to our team and city.”

JULY 1: Queen’s deal is now official, the Sixers announced in a press release. Minimum-salary contracts can be officially completed during the July moratorium.

JUNE 30: It’s fair to say Sixers president of basketball operations Daryl Morey has a type. Philadelphia has reportedly agreed to terms with three players who used to play for Morey’s former team in Houston.

Free agent forward P.J. Tucker is finalizing a three-year, $33.2MM fully guaranteed deal with the 76ers, agent Andre Buck tells Shams Charania of The Athletic (Twitter link). That long-rumored agreement will use the team’s full non-taxpayer mid-level exception.

The Sixers have also agreed to sign free agent forward Danuel House, tweets Charania. House is getting a two-year, $8.5MM deal, per Adrian Wojnarowski of ESPN (Twitter link).

House’s deal, which will be completed using the bi-annual exception, has a second-year player option, league sources tell Michael Scotto of HoopsHype (Twitter link).

Finally, Philadelphia has reached a deal with G League MVP Trevelin Queen, according to Wojnarowski (Twitter link). The guard will sign a two-year, minimum-salary contract with a partial guarantee ($300K) in year one, tweets Derek Bodner of The Athletic.

As a result of using their full MLE and BAE, the Sixers will be hard-capped for the coming season.

The 76ers were able to use those exceptions in full due to James Harden opting out of his contract and planning to accept a lower first-year salary on a new deal with the team. If Harden’s $47MM+ option had been on Philadelphia’s books, the club would’ve been hard-pressed to remain under a hard cap.

The Sixers have been mentioned as Tucker’s most likely landing spot for much of the last week. Star center Joel Embiid singled out Tucker in his comments to the media after the team lost to Miami in the playoffs, stating that Philadelphia needed a tough, versatile player like that in its frontcourt. Needless to say, Embiid will be happy that the Sixers went out and got the 37-year-old.

House, 29, helped shore up the Jazz’s perimeter defense and hit 41.5% of his three-pointers in a 25-game stint with the club this past season. He’ll give the Sixers another three-and-D rotation player.