Transactions Rumors | Hoops Rumors

Wizards Trade Aaron Holiday To Suns

February 10th, 2022 at 6:15pm CST by Alex Kirschenbaum

6:15pm: The trade is official, according to a Wizards press release. The Suns have to waive a player to complete the deal, but it appears we may need to wait for their announcement to confirm who will be the odd man out in Phoenix.

1:32pm: Wizards reserve guard Aaron Holiday is being sent to the Suns, per Shams Charania of The Athletic (Twitter link).

John Gambadoro of Arizona Sports 98.7 FM tweets that the Suns are trading cash considerations to the Wizards and will be paying Holiday’s $4.0MM contract via the disabled player trade exception they received due to power forward Dario Saric‘s ACL tear.

The Wizards appear to be open for business today, with star guard Bradley Beal now on the sidelines for the rest of the season due to a wrist injury. Washington is completely reshaping its roster, having also sent out guard Spencer Dinwiddie and power forward Davis Bertans to the Mavericks in exchange for former All-Star big man Kristaps Porzingis and some draft considerations.

Additionally, Washington is sending out reserve big man Montrezl Harrell to the Hornets. As part of the return package in the Harrell exchange, Washington is receiving backup guard Ish Smith, making Holiday expendable.

Phoenix, owner of the NBA’s best record at 44-10, is fairly stacked at the point guard position. The 6’0″ Holiday could compete with minutes as Chris Paul‘s backup with Cameron Payne (currently injured) and Elfrid Payton.

At 25, Holiday is the youngest member of a trio of brothers in the league. The Suns will be his third NBA club in four seasons. He is averaging 6.1 PPG on .467/.343/.800 shooting splits. The youngest Holiday is also notching 1.9 APG ad 1.6 RPG across 16.2 MPG thus far this year.

Thunder Sign Lindy Waters III To Two-Way Deal

February 10th, 2022 at 3:59pm CST by Rory Maher

The Thunder have signed Lindy Waters III to a two-way deal, the team announced. To make room for Waters, OKC waived Paul Watson.

Waters is a native of Norman, Oklahoma and attended Oklahoma State in college. He went undrafted after his senior season in 2020. Through 25 games with the Blue this season, OKC’s G League affiliate, Waters has averaged 11.7 PPG, 4.5 RPG, 1.6 APG, and 1.8 SPG on .548/.513/.941 shooting.

Watson, 27, has bounced around the past few years. He signed a 10-day contract with Atlanta in 2019/20 before catching on with the Raptors for a two-way deal. That deal was converted into a standard contract last season after Watson had a strong performance with the club, but he was waived in August 2021.

Through nine games with the Thunder this season, Watson averaged 3.4 PPG and 3.0 RPG. He struggled mightily with his shot, putting up a .343/.231/.500 shooting line in just 17.3 MPG.

Raptors Waive Drew Eubanks

February 10th, 2022 at 3:18pm CST by Rory Maher

5:40pm: The Raptors have officially waived Eubanks, according to a press release from the team.

3:18pm: The Raptors plan to waive big man Drew Eubanks, according to Adrian Wojnarowski of ESPN (Twitter link). Eubanks was just acquired as part of a trade that brought Thaddeus Young to Toronto.

Eubanks, 25, went undrafted out of Oregon State in 2018, but caught on with the Spurs. He was on a two-way contract his first couple seasons before signing a guaranteed deal in 2020, which ran through the end of this season. The Raptors will be on the hook for what’s left of his $1.76MM salary this season.

Eubanks could be a candidate for teams on the buyout candidate for looking for size, as he’s been productive in limited minutes during his career. Through 49 games this season, he averaged 4.7 PPG and 4.0 RPG in just 12.1 MPG.

Given Eubanks’ solid track record in limited minutes, the decision to cut him is a little surprising, but his release makes it clear the Raptors were solely targeting Young in their deal with San Antonio. GM Bobby Webster referred to Young as a “high-level professional” whose defensive versatility will fit well with Toronto’s aggressive, switching scheme, reports Tim Bontemps of ESPN (Twitter link). Webster also said the team has been interested in the forward’s services for a long time.

Webster also said the Raptors had multiple other options at the deadline, including taking on more money this season or beyond, but the deals fell apart for various reasons, Blake Murphy of Sportsnet tweets. Toronto still has a portion of the mid-level exception remaining to possibly dangle to a free agent, Webster notes. Murphy points out that the Raptors could opt to sign someone to a 10-day deal if they choose to go for maximum flexibility, since March 1 is the cutoff date for a player to be waived while maintaining his playoff eligibility.

As Josh Lewenberg of TSN Sports relays (via Twitter), trading Goran Dragic provided additional room under the luxury tax threshold, and waiving Eubanks will give them the flexibility to look for another player on the buyout market or convert Justin Champagnie‘s two-way deal into a standard contract. Lewenberg deems the latter scenario to be more likely.

Sources tell Michael Grange of Sportsnet (Twitter link) that the Raptors discussed the matter with Champagnie, but opted to wait until after the trade deadline. Grange notes that by taking on less money and waiving Eubanks, the Raptors can possibly convert Champagnie earlier and still have him be eligible for the playoffs without tax concerns.

Rockets To Cut D.J. Augustin, Armoni Brooks

February 10th, 2022 at 2:57pm CST by Alex Kirschenbaum

To carve out roster room to complete their one-for-three trade with Boston, the Rockets will waive reserve guards D.J. Augustin and Armoni Brooks, according to Jonathan Feigen of the Houston Chronicle.

Earlier this week, aware that his days in Houston might be limited, Augustin expressed an interest in remaining on the Rockets roster through the trade deadline, despite his awareness that the Rockets would be prioritizing the development of their younger players. The 5’11” point guard, a 14-year NBA veteran, averaged 5.4 PPG, 2.2 APG and 1.2 RPG across 15.0 in 34 contests with Houston this season.

The 23-year-old Brooks, a second-year player out of the University of Houston, also never carved out major minutes with the Rockets this year. The 6’3″ shooting guard averaged 16.8 MPG in 41 games this year. He scored 6.2 PPG on 34.7% field goal shooting, and also chipped in 2.0 RPG and 1.2 APG.

Brooks saw a far more robust role with the Rockets during his rookie season, albeit in just 20 games as a two-way contract signing. He averaged 11.2 PPG on 40.6% field goal shooting for the Rockets, along with 3.4 RPG and 1.5 APG.

Augustin’s $7.33MM salary for next season was partially guaranteed, but only for $333K. None of the remaining three years on Brooks’ contract beyond this season included guaranteed money.

Augustin and Brooks will become free agents on Saturday if they’re not claimed on waivers. Augustin could be a popular target for playoff teams looking to add backcourt depth.

Kings To Waive Jahmi’us Ramsey, Robert Woodard II

February 10th, 2022 at 2:49pm CST by Rory Maher

The Kings have informed Jahmi’us Ramsey and Robert Woodard II that they’ll be waived to make room for the newly-acquired trio of Donte DiVincenzo, Josh Jackson, and Trey Lyles, per James Ham of The Kings Beat (Twitter link).

Ramsey, 20, was the 43rd overall pick of the 2020 draft after one collegiate season at Texas Tech. As a raw rookie last season, he struggled at both the NBA and G League level, receiving sparse playing time. He still hasn’t played much for the Kings in his second season, but he’s performed well for the team’s G League affiliate in Stockton, averaging 19 points, 3.5 rebounds, and 2.5 assists on .549/.500/.833 shooting through eight games (32.6 minutes per game).

Ramsey’s contract for 2022/23 was non-guaranteed, but Sacramento will be on the hook for the remainder of his $1.5MM salary this season.

Woodard was the 40th overall selection of the 2020 draft after two seasons at Mississippi State. Like Ramsey, he’s barely played in the NBA, logging a total of 87 minutes across 25 games the past two seasons. In six games with Stockton this season, the 22-year-old averaged 19 points, 8 rebounds, and 2 assists on .523/.313/.571 shooting.

Woodard had a partial guarantee of $300K on his deal for 2022/23, so the Kings will still have to pay him that amount plus the remainder of the $1.5MM he’s owed this season.

Since neither player received regular minutes this season, waiving them won’t have an impact on Sacramento’s rotation. Ramsey or Woodard could catch on at the G League level or draw interest from NBA teams looking to take fliers on young players with upside. At 20 and 22, respectively, they still have plenty of time to develop.

Magic Waive PJ Dozier

February 10th, 2022 at 2:40pm CST by Arthur Hill

The Magic have waived combo guard PJ Dozier, who was acquired from the Celtics earlier today, the team announced (via Twitter).

Dozier, who will miss the rest of the season with a torn ACL he suffered in November, was traded along with Bol Bol as a way for Boston to trim salary. Dozier has a $1.9MM expiring contract and will be a free agent this summer.

Dozier played 18 games this season, all with the Nuggets before being traded to the Celtics in January, and averaged 5.4 points, 3.5 rebounds and 1.6 assists per night. He spent the past two and a half seasons in Denver after starting his career with short stays with Oklahoma City and Boston.

Raptors, Spurs Swap Thaddeus Young, Goran Dragic

February 10th, 2022 at 2:22pm CST by Luke Adams

2:22pm: The Raptors have issued a press release officially announcing the trade.

10:51am: The Raptors and Spurs have agreed to a trade that will send forward Thaddeus Young to Toronto in exchange for point guard Goran Dragic, reports Shams Charania of The Athletic (Twitter link).

According to Charania (via Twitter), big man Drew Eubanks and the Pistons’ 2022 second-round pick are also headed to Toronto in the deal, with the Raptors sending San Antonio their 2022 first-round pick (top-14 protected). That pick would be top-13 protected in 2023 if it doesn’t change hands this season, and would turn into two future second-rounders if it doesn’t convey in ’23.

The Raptors had been shopping Dragic and draft capital for much of the season as they looked to acquire a player who could step into their rotation. Dragic, who was part of the return in the Kyle Lowry sign-and-trade last summer, appeared in just five games with Toronto before leaving the team for personal reasons.

In Young, Toronto gets a tough, playoff-tested veteran who – like Dragic – was a throw-in for salary-matching purposes in an offseason sign-and-trade, having been sent from Chicago to San Antonio in the DeMar DeRozan deal. Young had a nice year in Chicago in 2020/21, averaging 12.1 PPG, 6.2 RPG, and 4.3 APG in 68 games (24.3 MPG), but wasn’t part of the Spurs’ plans and hasn’t played much this season.

Eubanks, 25, could also compete for minutes in Toronto after spending the first four years of his NBA career in San Antonio. He has averaged 4.7 PPG and 4.0 RPG in 49 games (12.1 MPG) this season.

[UPDATE: Raptors to waive Eubanks]

Young has an expiring $14.2MM contract, while Eubanks is earning the minimum this season, with a non-guaranteed minimum salary for 2022/23 before he becomes eligible for free agency. The Raptors will create some extra breathing room below the luxury tax line by swapping Dragic’s $19.4MM expiring deal for those two players.

Meanwhile, the Spurs – who have historically been quiet at the trade deadline – have now completed three in-season deals in 2021/22. Their goal in this deal was to continue stockpiling draft assets, so Dragic almost certainly won’t remain on the roster.

ESPN’s Adrian Wojnarowski (via Twitter) reports that Dragic and the Spurs are expected to negotiate a buyout, with the Mavericks, Bucks, Bulls, and Clippers among his potential suitors. Dallas is believed to be the frontrunner, according to Michael Grange of Sportsnet.ca and Chris Haynes of Yahoo Sports (Twitter links).

The Raptors have an opening on their 15-man roster, so they won’t have to waive a player to officially finalize the trade. They’ll also create a trade exception worth the difference between Dragic’s and Young’s salaries ($5.25MM).

Celtics Trade Bol Bol, PJ Dozier To Magic

February 10th, 2022 at 1:16pm CST by Luke Adams

1:16pm: The deal is official, according to a press release from the Magic. As expected, the team has waived Moore and Carter-Williams.

1:00pm: The Magic will acquire the Celtics’ 2028 second-round pick (top-45 protected) in the deal, while Boston will get the Magic’s 2023 second-rounder (top-55 protected), reports Price (via Twitter).

12:12pm: The Magic will waive veteran guard E’Twaun Moore as part of the deal, reports Chris Haynes of Yahoo Sports (Twitter link). Orlando is also cutting Michael Carter-Williams, tweets Khobi Price of The Orlando Sentinel. Both players have been out all season due to injuries.

Brian Robb of MassLive.com confirms (via Twitter) that the second-round pick headed to Boston in the deal will be heavily protected and likely won’t convey.

11:34am: The Celtics have reached an agreement to trade injured players Bol Bol and PJ Dozier to the Magic, according to ESPN’s Adrian Wojnarowski (via Twitter). It’s a cost-cutting move for the Celtics, who will dip below the luxury tax line as a result of the deal.

Boston is sending a second-round pick and cash to Orlando and will get a second-round pick in return, Wojnarowski reports. I’d expect the second-rounder headed to the Celtics to be heavily protected, but we’ll await further details.

Bol and Dozier were sent from Denver to Boston earlier this season in a three-team trade, but neither player was part of the Celtics’ short- or long-term plans. Bol underwent foot surgery that is expected to sideline him for most or all of the season, while Dozier is recovering from a surgery of his own to repair a torn ACL and won’t play until 2022/23.

Both players are on expiring deals, with Bol earning $2.2MM this season and Dozier making $1.9MM. Orlando will acquire both players using trade exceptions, while Boston will create a pair of new trade exceptions equivalent to their salaries.

The Celtics now have a pair of open roster spots and will remain out of tax territory even in the unlikely event that Jaylen Brown is named an All-Star replacement and earns a bonus. As Bobby Marks of ESPN notes (via Twitter), the C’s would’ve had a small tax bill of about $2MM if they hadn’t made a move, but they’re now in line to receive a potential eight-figure payout.

While Boston doesn’t have to make any more moves today, Adam Himmelsbach of The Boston Globe (Twitter link) hears that there are still three or four teams in the mix for Dennis Schröder, with one source estimating there’s a 50/50 chance of a deal.

The Magic have a full 15-man roster, so they’ll have to make at least one more move in order to accommodate the incoming players.

Jazz Acquire Nickeil Alexander-Walker, Juan Hernangomez In Three-Team Trade

February 9th, 2022 at 7:54pm CST by Luke Adams

7:54pm: The three-team trade is now official, the Jazz, Blazers and Spurs announced.

2:24pm: The Jazz are sending Memphis’ 2022 second-round pick to Portland in the trade and will send a 2027 second-rounder to San Antonio, reports Wojnarowski (via Twitter).

Utah has already traded away its own 2027 second-rounder, so the pick going to San Antonio will likely be the least favorable of Oklahoma City’s, Houston’s, Indiana’s, and Miami’s ’27 second-rounders. The Jazz previously acquired that pick from the Thunder in the 2021 offseason.

1:13pm: The Jazz, Spurs, and Trail Blazers have reached an agreement on a three-team trade, sources tell Adrian Wojnarowski of ESPN (Twitter link).

According to Wojnarowski, Utah will acquire Nickeil Alexander-Walker from Portland and Juan Hernangomez from San Antonio. The Spurs will receive Tomas Satoransky and a second-round pick, while the Blazers will get Joe Ingles, Elijah Hughes, and a second-round pick. Both second-rounders will be coming from the Jazz, Woj adds (via Twitter).

Even before Ingles went down with a season-ending ACL tear, the Jazz had been exploring the market to see if they could find an upgrade on the wing using his expiring contract and a draft pick. Following the injury, Ingles’ value dipped, and Utah apparently decided none of the options available for the forward’s expiring deal and a first-round pick were worth moving forward on.

Instead, the Jazz will make a move that sees them sacrifice a pair of future second-round selections – rather than a first-rounder – for two healthy players, while reducing their projected tax bill in the process. Bobby Marks of ESPN (Twitter link) estimates $11MM in tax savings. Utah should also create a new trade exception worth nearly $10MM by taking Hernangomez into an existing TPE.

Alexander-Walker, a third-year guard, had a promising sophomore season in 2020/21, but has struggled to score efficiently this season, averaging 12.8 PPG on .375/.311/.722 shooting in 50 games (26.3 MPG). He has spent most of the season in New Orleans, having been sent to Portland on Monday in the CJ McCollum trade. The 23-year-old has a $3.3MM salary this season and will make $5MM next season before becoming eligible for restricted free agency.

Hernangomez has had some success in the past as a stretch four, but has played poorly in limited minutes this season, putting up 1.1 PPG and 1.7 RPG on 21.2% shooting in 23 games (6.4 MPG). He was traded from Boston to San Antonio in last month’s three-team Bryn Forbes deal. Hernangomez is essentially on an expiring contract, since his $7.4MM salary for next season is non-guaranteed.

From San Antonio’s perspective, the deal is about picking up an extra draft asset. Neither Hernangomez nor Satoransky is in the team’s long-term plans, so the Spurs were rewarded for their willingness to add to this season’s payroll by taking on a slightly bigger contract (Satoransky has a $10MM expiring salary).

The Blazers, meanwhile, continue to wheel and deal, agreeing to their third trade in the last week. It appears they weren’t particularly high on Alexander-Walker, choosing to flip him right away in a deal that clears another $5MM off their books for 2022/23 and nets them another second-round pick.

Both Ingles and Hughes will be free agents this offseason. Ingles spoke last week about remaining in Utah to rehab his knee injury even if he were traded and said he’d be interested in eventually re-signing with the Jazz (Twitter links via Eric Walden of The Salt Lake Tribune).

Despite the fact that Satoransky, Alexander-Walker, and Hernangomez were recently traded, the NBA’s rules don’t prevent them from being moved again right away, since they’re not being aggregated with a second player for salary-matching purposes in this deal.

From Portland’s perspective, Satoransky’s salary is being used to match Ingles’ $13MM cap charge, with Alexander-Walker’s salary not required for matching purposes (the Blazers will create a trade exception worth his $3.3MM cap hit), since Hughes can be acquired using a minimum salary exception. San Antonio is trading Hernangomez on his own for Satoransky.

Heat Trade KZ Okpala To Thunder

February 9th, 2022 at 2:05pm CST by Luke Adams

2:05pm: As part of the deal, the Heat have amended their future draft obligations to the Thunder, the Heat announced in a full press release and the Thunder confirmed in a release of their own.

Instead of owing Oklahoma City their top-14 protected first-round pick in 2023, the Heat will now owe OKC their 2025 first-rounder (also top-14 protected).

That ’23 first-rounder would have been top-14 protected for three straight seasons before becoming unprotected in 2026. Now, the Heat’s ’25 first-rounder will be lottery-protected for just one year before becoming unprotected in ’26.

Essentially, the Thunder improved their odds of gaining a higher first-rounder by pushing the pick a couple years into the future (when the Heat could theoretically be less assured of having a playoff-caliber roster) and ensuring it has just one year of protection. Miami could also now trade its 2022 or 2023 first-round pick without running afoul of the Stepien rule.

The 2026 second-rounder the Heat acquired in the trade will be the least favorable of the Thunder’s, Mavericks’, and Sixers’ second-rounders that year, according to the Heat’s announcement.

Oklahoma City ended Mamadi Diakite‘s 10-day contract a day early in order to complete the trade, per the team. It’s not yet clear if the Thunder plan to hang onto Okpala, tweets Joe Mussatto of The Oklahoman.

1:50pm: The Heat have traded forward KZ Okpala to the Thunder in exchange for a 2026 second-round pick, Miami announced today (via Twitter).

While the Thunder, who have a massive collection of future draft picks, can certainly afford to give up a ’26 second-rounder, we’ll have to wait for their official announcement to see if there are protections on the pick or if the Heat are sending out any cash in the deal, since Okpala’s trade value is presumably limited.

The 32nd overall pick in the 2019 draft out of Stanford, Okpala has appeared in just 63 games across three seasons for Miami. In 2021/22, he has averaged 3.7 PPG and 2.0 RPG in 21 contests (11.6 MPG). Okapala hasn’t played since December due to a wrist injury. He’ll be eligible for restricted free agency at season’s end.

By moving Okpala, the Heat, who had been right up against the luxury tax line, open a second spot on their 15-man roster and now should be in a comfortable position to promote Caleb Martin from his two-way contract.

Miami may wait until after Thursday’s trade deadline to make that move in order to maximize its roster and financial flexibility. But it’s a safe bet Martin will be added to the 15-man roster sooner or later. If they don’t make any other trades, the Heat could go shopping on the buyout market with their other roster opening.