Transactions Rumors | Hoops Rumors

Nets Waive DeAndre’ Bembry

February 10th, 2022 at 8:50pm CST by Luke Adams

8:50pm: The Nets have officially waived Bembry, according to a team press release.

4:25pm: The Nets are waiving veteran swingman DeAndre’ Bembry, according to ESPN’s Adrian Wojnarowski (via Twitter).

Brooklyn was required to cut a player today in order to complete the team’s blockbuster deal with the Sixers. The Nets are acquiring three players – Ben Simmons, Seth Curry, and Andre Drummond – in that trade and only sending out two (James Harden and Paul Millsap).

Bembry, 27, has played well for Brooklyn in 2021/22, beginning the season on a partially guaranteed contract and earning a full guarantee based on his strong performance. In 48 games (19.8 MPG), he has averaged 5.8 PPG and 3.2 RPG on .568/.417/.600 shooting while providing defensive versatility.

Bembry will likely draw interest around the league as a free agent, or even before he clears waivers, since any team could claim his one-year, minimum-salary contract using a minimum salary exception. If Bembry goes unclaimed, Brooklyn will be on the hook for his full $1,669,178 cap hit.

Nets Trade James Harden, Acquire Ben Simmons

February 10th, 2022 at 8:34pm CST by Luke Adams

8:34pm: The trade is official, according to press releases from the Nets and Sixers. Nets general manager Sean Marks released this statement:

“We are thrilled to welcome Ben, Seth, Andre and their families to Brooklyn. Ben is an All-NBA and All-Defensive player with elite playmaking abilities, while Seth has proven to consistently be one of the league’s best 3-point shooters and Andre has been one of the league’s top rebounders for the last decade. Together, the three will enhance our core by providing versatility and depth on both ends of the floor while better balancing our roster.

“The decision to trade James was a difficult one, however after recent discussions with him and his representatives we felt that this move would be best for all involved, as it better positions us to achieve our goals this season and in the years ahead.”

Sixers co-owner Josh Harris released the following statement in Philadelphia’s announcement:

“James Harden is one of the truly elite players in the league. His career has been defined by incredible personal achievement, including honors as NBA MVP and three-time NBA scoring champion. We’re thrilled to pair him with Joel Embiid and this dynamic roster in our pursuit of an NBA title. I am proud to welcome James and Paul Millsap – a proven veteran and former All Star – to the 76ers, and can’t wait for what the future holds for the city and our fans.”

12:18pm: The Nets and Sixers are finalizing a trade that will send James Harden to Philadelphia, sources tell Shams Charania of The Athletic (Twitter link).

According to ESPN’s Adrian Wojnarowski (Twitter links), Brooklyn will receive Ben Simmons, Seth Curry, Andre Drummond, and two first-round picks, while the 76ers acquire Paul Millsap along with Harden.

Wojnarowski reports (via Twitter) that the first-rounders headed to the Nets are the Sixers’ unprotected 2022 pick and a protected 2027 pick.

Brooklyn will have the right to defer this year’s pick to ’23, according to Wojnarowski, who says (via Twitter) the ’27 pick will be top-eight protected. If it doesn’t convey in 2027, it will be top-eight protected again in ’28. If it falls in its protected range twice, the Nets would instead get a 2028 second-rounder and cash.

Although a potential Harden/Simmons swap was first mentioned as a possibility back in the fall, it hadn’t been viewed as something that could realistically happen during the season until the last week or so.

With Kevin Durant injured and Kyrie Irving only partially available due to his vaccination status, the Nets have been in a tailspin, losing their last nine games. Harden had looked increasingly unhappy during Brooklyn’s slide and was said to be frustrated by Irving’s off-and-on availability.

Rumors began swirling that Harden was interested in reuniting with Daryl Morey in Philadelphia, culminating in a report this morning that said the former MVP wanted to be traded to the Sixers, but hadn’t made a formal request.

It still seemed like a long shot that the Nets and Sixers would find common ground before today’s trade deadline, but both sides were ultimately motivated to get something done. Brooklyn didn’t want to risk an unhappy Harden leaving for Philadelphia for nothing as a free agent in the offseason, while the Sixers wanted to resolve their standoff with Simmons and maximize their ability to contend for a title this season by acquiring a legitimate star to pair with MVP candidate Joel Embiid.

Morey, the Sixers’ president of basketball operations, had maintained since Simmons first requested a trade last summer that the team wouldn’t give away the Defensive Player of the Year runner-up in a deal that didn’t bring back an All-Star caliber player. He took plenty of heat for that stance as the Simmons drama extended through the offseason, into training camp, and then well into the regular season, but it ultimately paid off. A year after missing out on Harden when the Rockets sent him to Brooklyn, Morey finally got his man.

Harden can become an unrestricted free agent this summer by turning down his $47.4MM player option for 2022/23 and would be eligible to sign a five-year contract worth up to about $269MM with the Sixers, tweets ESPN’s Bobby Marks.

Harden and Embiid will team up to lead a Sixers roster that still features Tyrese Maxey and Matisse Thybulle, both of whom reportedly drew interest from the Nets during trade talks.

Philadelphia maintained through the process that Maxey was off the table, but Brooklyn pushed for Thybulle up until today. Shortly before the two teams reached a trade agreement, Keith Pompey of The Philadelphia Inquirer reported (via Twitter) that the inclusion of Thybulle was the last remaining sticking point. The Nets ultimately relented on that point.

Simmons’ value took a hit as a result of his poor showing in last season’s playoffs and his subsequent holdout, but the Nets are getting one of the NBA’s best play-makers and defenders, albeit one who still lacks a jump shot.

They’ll also add a sharpshooter in Curry who will fill in nicely for Joe Harris, whose status for the rest of the season remains up in the air due to an ankle injury. Both players on on multiyear deals, with Simmons not eligible for free agency until 2025, while Curry’s contract expires in 2023.

Additionally, the Nets found a new home for Millsap in the deal. The team had agreed last month to trade or waive the veteran forward, who wasn’t satisfied with his role in Brooklyn. The Nets will replace Millsap and bolster their frontcourt depth by adding Drummond, who is on a one-year, minimum-salary contract.

The Nets created $15MM in tax savings as a result of the move, Marks notes (via Twitter).

The Nets will take their time getting Simmons acclimated, according to Chris Haynes of Yahoo Sports, who reports (via Twitter) that the former No. 1 overall pick welcomes the change of scenery.He has already spoken to Durant and they’re on the same page, Haynes adds.

Simmons, who said he wasn’t mentally ready to play for the Sixers this season, will continue to work with his therapist now that he has been traded, tweets Ramona Shelburne of ESPN.com. “It’s a work in progress,” a source told Shelburne.

While more deals will be made today, it’s safe to say none will be as impactful as this one, featuring two Eastern Conference rivals who hope to contend for a title this season. It will be fascinating to see how the Nets and Sixers look going forward.

Rockets Trade Daniel Theis To Celtics For Schröder, Two Others

February 10th, 2022 at 8:27pm CST by Rory Maher

8:27pm: The trade is official, according to press releases from both the Celtics and Rockets. As expected, Houston has officially waived guards D.J. Augustin and Armoni Brooks in order to complete the deal.

2:03pm: The Rockets are sending Daniel Theis back to the Celtics, Kelly Iko of The Athletic reports (via Twitter). Shams Charania of The Athletic tweets that it will be for a package including Dennis Schröder.

Sources tell ESPN’s Adrian Wojnarowski (Twitter link) that Enes Freedom and Bruno Fernando are also be headed to Houston in the deal. Woj reports that the Rockets will waive Freedom (via Twitter).

After sending Bol Bol and PJ Dozier to Orlando, agreeing to trade Josh Richardson and Romeo Langford to San Antonio in exchange for Derrick White, and now dealing three players for one, the Celtics have opened five roster spots today and figure to be aggressive on the buyout market.

Theis, 29, started his NBA career in Boston, appearing in parts of four season with the club prior to being traded to Chicago at last season’s deadline.

He signed a four-year, $35.6MM contract with Houston as a free agent last summer, with the 2024/25 season being a team option. It was a strange signing for a rebuilding Rockets team that had just used two first-round picks on young big men Alperen Sengun and Usman Garuba. Theis had fallen out of the team’s rotation as it prioritized youth, averaging 8.4 points and 5.0 rebounds through 26 games (22.5 minutes).

Theis will provide a major defensive upgrade over Freedom and should see some backup center minutes for his old team. Obviously, the Celtics have a high level of familiarity with the German big man, and he’s been teammates with the majority of the roster after just being dealt away last year.

For the Rockets, the move is mostly about clearing their books. Schröder is having another decent year, averaging 14.4 points, 3.3 rebounds, and 4.4 assists through 49 games (29.2 minutes), but he’s on an expiring $5.9MM contract, which was the main appeal. Freedom and Fernando are also in the final year of their respective deals.

Fernando can become a restricted free agent this summer if Houston tenders him a qualifying offer, but that seems unlikely given the limited contributions he’s provided this point in his career. Still, the Rockets get a look at 23-year-old big man to see if they want to keep him around beyond this season.

It will be interesting to see if a market develops for Schröder this summer after he failed to secure the large contract he was hoping for in 2021. I suspect he’ll still fall in the mid-level exception range, as not many teams will have cash to spend on free agents in 2022.

Nuggets Sign DeMarcus Cousins To Another 10-Day Deal

February 10th, 2022 at 8:02pm CST by Luke Adams

FEBRUARY 10, 8:02pm: The Nuggets have officially signed Cousins to a 10-day contract, Singer tweets.

FEBRUARY 10, 3:59 pm: Now that the trade deadline has come and gone without the Nuggets filling their open roster spot, they’ll move forward with their plan to sign Cousins to another 10-day contract, tweets Singer. The big man is expected to be available for Friday’s game vs. Boston, Singer adds.

FEBRUARY 7: The Nuggets will likely sign center DeMarcus Cousins to another 10-day contract, a league source tells Mike Singer of The Denver Post. However, it remains unclear when exactly that will happen.

As Singer explains, with the trade deadline just three days away, Denver is still assessing its options and determining whether to keep its 15th roster spot open to accommodate a potential deal. The Nuggets aren’t eligible for a hardship exception, so they’d have to use that lone roster opening to re-sign Cousins.

If they don’t bring back Cousins prior to Thursday’s deadline, the Nuggets will likely do so afterward. As Singer notes, the veteran big man earned praise from head coach Michael Malone and star center Nikola Jokic on Sunday after he grabbed nine rebounds in 16 minutes in a win over Brooklyn. His 10-day contract expired after that game.

In total, Cousins has appeared in five games with Denver, averaging 6.0 PPG and 7.0 RPG in 13.3 MPG while struggling with his shot (.257 FG%). He initially signed a 10-day hardship deal, which the team terminated early in order to give Cousins a standard 10-day contract after multiple players exited the COVID-19 protocols.

If Cousins signs another standard 10-day deal with the Nuggets, the team would have to either let him walk or sign him for the rest of the season once it expires. A player can’t sign more than two standard 10-day contracts with the same team in a season.

Suns Release Abdel Nader, Justin Jackson

February 10th, 2022 at 7:43pm CST by Luke Adams

The Suns have officially waived Abdel Nader, the team announced today in a press release (Twitter link via Duane Rankin of The Arizona Republic). Phoenix had to remove a player from its 15-man roster in order to accommodate its acquisition of Aaron Holiday.

Nader, 28, was sent from Oklahoma City to Phoenix during the 2020 offseason in the Chris Paul trade. Since then, he has appeared in 38 games with the team, averaging 5.1 PPG and 2.3 RPG on .457/.386/.723 shooting in 13.2 MPG.

Injuries marred Nader’s time with the Suns. He underwent arthroscopic surgery on his right knee in late April 2021, and while he returned from that injury in the playoffs and was available to start the 2021/22 season, that knee continued to give him problems. Nader hadn’t played for Phoenix since November and was being listed on the injury report as out due to right knee injury management.

The Suns will be on the hook for the rest of Nader’s $2MM this season, but won’t owe him any money beyond that. He had a $2.16MM team option for 2022/23.

Phoenix also terminated the 10-day contract of Justin Jackson, per today’s announcement. Jackson’s deal, signed last Tuesday, would’ve expired at the end of the day, so he’ll become a free agent a day early. Unlike Nader, Jackson won’t have to pass through waivers.

Pacers, Suns Swap Torrey Craig, Jalen Smith

February 10th, 2022 at 7:33pm CST by Arthur Hill

7:33pm: The trade is official, according to an announcement from the Suns.

3:57pm: The Pacers will receive the Suns’ 2022 second-round pick in the deal, according to Scott Agness of Fieldhouse Files (Twitter link).

1:03pm: The Pacers will send Torrey Craig to the Suns in exchange for Jalen Smith, tweets ESPN’s Adrian Wojnarowski. Indiana will also receive a future second-round pick in the deal.

Craig, 31, was part of the Phoenix team that reached the NBA Finals last season. He only got into 32 games with the Suns and left in free agency to find a team that would give him a larger role. He signed a two-year, $10MM deal with the Pacers and averaged 6.5 points and 3.8 rebounds in 51 games.

There has been speculation that Smith, a 21-year-old big man, would be moved ever since the Suns decided not to pick up his third-year option. The 10th pick in the 2020 draft, Smith got into 29 games this season, averaging 6.0 points and 4.8 rebounds in 13.2 minutes per night. He may get a larger opportunity on an Indiana team that traded away Domantas Sabonis this week.

Because Smith’s option for next season has already been declined, the Pacers can’t offer him a new contract starting at more than $4,670,160, which was the amount of the option.

DiVincenzo To Kings, Bagley To Pistons In Four-Team Trade

February 10th, 2022 at 7:14pm CST by Luke Adams

7:14pm: The four-team deal is official, according to a Kings press release.

A press release from the Clippers notes that L.A. also received the draft rights to Vanja Marinkovic from Sacramento in the deal, sending the draft rights to David Michineau to the Kings. The cash going to Milwaukee in the trade comes from the Clippers.

As we previously relayed, the Kings waived Jahmi’us Ramsey and Robert Woodard to complete the move.

10:47am: The Kings are trading former No. 2 overall pick Marvin Bagley III to the Pistons, sources tell Shams Charania and Sam Amick of The Athletic (Twitter link). According to ESPN’s Adrian Wojnarowski of ESPN (Twitter link), that move will be part of a four-team trade that sends Bucks wing Donte DiVincenzo to Sacramento.

The Clippers will be the fourth club involved in the deal, as Charania reports (via Twitter) that big man Serge Ibaka is headed to Milwaukee. Los Angeles is acquiring swingman Rodney Hood and forward Semi Ojeleye from the Bucks, tweets Andrew Greif of The Los Angeles Times.

Sacramento is receiving Pistons forwards Josh Jackson and Trey Lyles along with DiVincenzo, per Charania (via Twitter), while Detroit is also sending out multiple second-round picks, according to Wojnarowski (Twitter link).

Woj (via Twitter) breaks the deal down as follows:

Kings acquire DiVincenzo, Jackson, and Lyles.
Pistons acquire Bagley.
Clippers acquire Hood and Ojeleye.
Bucks acquire Ibaka, two second-round picks, and cash.

The Kings continue to reshape their roster after acquiring Domantas Sabonis, Justin Holiday, and Jeremy Lamb in a trade with the Pacers Tuesday. DiVincenzo ($4.7MM this season) is eligible for restricted free agency in 2022 if Sacramento chooses to give him a qualifying offer, while Jackson ($3MM) is on an expiring deal. Lyles, however, earns $2.5MM this season and has a club option for next season at $2.6MM, giving the Kings some added flexibility.

DiVincenzo has been a solid defender, rebounder, and has a knack for being in the right place at the right time. He’s had a slow start to this season after recovering from ankle surgery and then entering the health and safety protocols, but he’s a young, controllable asset who likely won’t be too expensive going forward. Sacramento tried to acquire him prior to last season in the botched sign-and-trade that would have sent Bogdan Bogdanovic to the Bucks, but the deal was nullified due to “gun-jumping.” The Bucks ended up forfeiting a second-rounder in the process.

The Kings had reportedly been shopping Bagley for well over a year, as he was drafted by the previous front office regime and was publicly unhappy with the franchise. As a three-for-one trade, the Kings will have to waive two players, unless they make subsequent moves prior to the deal becoming official.

The Pistons are taking a gamble on Bagley, a good athlete who failed to develop in his time in Sacramento. Still just 22, Bagley could have untapped upside and figures to see more minutes on a rebuilding Pistons team. Like DiVincenzo, Bagley will be a restricted free agent in 2022. He’s earning $11.3MM in the final year of his rookie contract this season.

James Edwards III of The Athletic (Twitter link) reports that the Pistons will be sending Sacramento’s 2024 second-round pick and either Cleveland’s or Golden State’s 2023 second-rounder (whichever is less favorable) to the Bucks.

For the Clippers, it’s a cost-cutting move that will save them approximately $30MM in luxury tax payments, per ESPN’s Bobby Marks (via Twitter). In order for the deal to work, Ibaka will need to amend a portion of his 15% trade bonus, Marks tweets, which Los Angeles will be responsible for.

Greif reports (Twitter link) that the Clips have been interested in Hood and Ojeleye in the past. Both players are on veteran minimum deals that expire this summer. Moving Ibaka gives more clarity to a crowded center rotation featuring Ivica Zubac, Isaiah Hartenstein, and newly-acquired Robert Covington (in small-ball looks).

By adding Ibaka’s $9.7MM contract and sending out three players, the defending champion Bucks will have three open roster spots (not including Greg Monroe, who’s on a 10-day deal) and add $6MM towards the luxury tax, Marks tweets. The cash they’re receiving will help offset the additional luxury tax payment. The Bucks had been searching for a center for a few months due to Brook Lopez‘s back injury; their starting center has suited for just one game this season.

Ibaka is having a down year after undergoing back surgery himself last summer, but he’s a smart, proven veteran who can space the floor and protect the paint when healthy. The two-second round picks will be key assets for a Bucks team that could be facing the repeater tax for multiple seasons as they contend for more titles.

Rory Maher contributed to this story.

Hornets Acquire Montrezl Harrell From Wizards

February 10th, 2022 at 7:08pm CST by Arthur Hill

7:08pm: The trade is official, according to a Wizards press release. The pick Washington is receiving is a conditional seconder (2023 or 2024 from Boston via Charlotte).

The Hornets’ announcement states that the Wizards will receive the Celtics’ 2023 second-rounder if it’s not in the top 45. Presumably, if that pick lands in its protected range, Washington would instead get Boston’s 2024 second-rounder.

1:26pm: The Wizards are finalizing a deal to send veteran center Montrezl Harrell to the Hornets, tweets Shams Charania of The Athletic.

Washington will get Vernon Carey and Ish Smith in return, according to ESPN’s Adrian Wojnarowski (Twitter link). The Wizards will also receive a second-round pick, per Chris Haynes of Yahoo Sports (Twitter link).

Harrell, 28, will provide a rugged interior presence for a Charlotte team that has been searching for help in the middle. He was acquired from the Lakers in the five-team offseason trade that sent Russell Westbrook to L.A., and averaged 14.1 points and 6.7 rebounds in 46 games with the Wizards.

Moving Harrell relieves the logjam in the middle that Washington has been dealing with ever since Thomas Bryant returned from an ACL injury last month. However, the timing of the move is interesting because Harrell talked publicly over the weekend about the negative mood in the team’s locker room.

Harrell has a $9.7MM expiring contract, and the Hornets will have early Bird rights on him this summer, tweets Bobby Marks of ESPN. Harrell is a North Carolina native, which may make him more likely to remain in Charlotte.

Smith, who played two seasons in Washington before going to Charlotte, has a $4.7MM non-guaranteed contract for next season. Carey will make $1.8MM next year and has a $1.9MM team option for 2023/24.

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.