Transactions Rumors | Hoops Rumors

Cavaliers Waive Kevin Pangos

February 19th, 2022 at 4:53pm CST by Arthur Hill

The Cavaliers have waived guard Kevin Pangos, according to the NBA.com transactions log.

Pangos, 29, played six seasons in Europe before earning a roster spot with Cleveland in training camp. He signed a two-year, $3.5MM contract in September, but only the first season was guaranteed at $1.67MM. Pangos saw spot duty in 24 games for the Cavs, averaging 1.6 points and 1.3 assists in 6.9 minutes per night.

A report earlier this month indicated that Pangos has an offer waiting from CSKA Moscow (hat tip to Alessandro Maggi of Sportando). The rumored contract would be worth $6MM and would run through the end of the 2023/24 season.

Cleveland had a full roster before unloading Pangos and may need the open spot to be active on the buyout market.

Pacers Waive Tristan Thompson, Who Plans To Join Bulls

February 17th, 2022 at 4:24pm CST by Arthur Hill

FEBRUARY 17: The Pacers have officially waived Thompson, according to a team press release.

FEBRUARY 16: The Pacers will waive veteran center Tristan Thompson, tweets Shams Charania of The Athletic. Thompson intends to sign with the Bulls once he clears waivers, Charania adds.

Indiana coach Rick Carlisle confirmed the upcoming move, which will be made on Thursday, in a session with the media after tonight’s game (video link from Alex Golden).

“We thanked him for what he has brought over the last six or seven days,” Carlisle said. “He brought a high level of professionalism and he’s done a really good job.”

The 30-year-old Thompson was acquired last week in a six-player trade with the Kings. He appeared in four games for the Pacers, including tonight when he posted 17 points and six rebounds in 21 minutes.

Thompson is making $9.72MM this season and the Pacers will keep that cap hit on their books once he clears waivers — if a buyout is involved, that charge will be lowered slightly.

The Bulls have a full roster, so another move will be necessary before Thompson can be added. Indiana’s roster is also full, so one opening will be available once he is released.

Chicago was among the teams mentioned as a potential landing spot for Thompson amid speculation over a possible buyout during the past week. The Lakers were also rumored to be interested.

Kings Waive Louis King

February 17th, 2022 at 1:18pm CST by Rory Maher

The Kings have waived two-way player Louis King, per Sean Cunningham of ABC10 (KXTV) Sacramento (Twitter link).

King, 22, went undrafted in 2019 after spending one season with Oregon. He caught on with the Pistons during his rookie year, signing a two-way contract and appearing in 10 games with Detroit, holding modest averages of 2.0 PPG and 1.0 in 6.2 MPG.

King signed a two-way contract with Sacramento at the end of last season, but he hasn’t made a significant impact at the NBA level. In 16 career games with Sacramento, including 10 this year, King averaged 5.6 PPG, 1.9 RPG, and 1.1 APG in 11.8 MPG. He holds a career shooting line of .392/.327/.684 in 251 total minutes.

King has received much more playing time in the G League, appearing in 58 games (45 starts, 29.1 MPG) while averaging 14.0 PPG, 5.4 RPG, 3.1 APG, and 1.4 SPG on .438/.349/.692 shooting. In 12 games with Stockton this season, Sacramento’s G League affiliate, he’s averaging 12.0 PPG, 6.0 RPG, 3.7 APG, and 1.2 SPG on .410/.269/.692 shooting.

The Kings now have one two-way spot available, but their 15-man roster is currently full.

Jazz Sign Xavier Sneed To Two-Way Contract

February 16th, 2022 at 3:37pm CST by Luke Adams

3:37pm: Sneed’s two-way deal is now official, the Jazz announced in a press release.

1:47pm: The Jazz are signing small forward Xavier Sneed to a two-way contract, agent Gary Durrant tells Chris Haynes of Yahoo Sports (Twitter link).

Utah has had an open two-way contract slot since waiving Malik Fitts last month, so no corresponding roster move will be necessary to complete the signing. Once the move is official, the Jazz won’t have any available two-way slots, but will still have one opening left on their 15-man roster.

Sneed, a 6’5″ wing who went undrafted out of Kansas State in 2020, played in 13 games for the Greensboro Swarm last season and returned to the Hornets’ G League affiliate for a second go-round this year. In 31 career G League games, he has averaged 10.0 PPG, 4.3 RPG, and 1.8 SPG in 25.6 minutes per contest.

The 24-year-old has improved his scoring efficiency significantly in his second NBAGL season. After making 36.0% of his field goal tries – including 27.9% of his threes – in 2020/21, he has knocked down 50.0% of his shots and 39.8% of his threes in ’21/22.

Sneed had a brief NBA cameo with the Grizzlies earlier this season, logging eight total minutes in two games during a hardship 10-day contract.

DeAndre’ Bembry Signs With Bucks

February 16th, 2022 at 1:39pm CST by Arthur Hill

FEBRUARY 16: The Bucks have officially signed Bembry, the team announced today in a press release. Bembry will earn just shy of $602K on his rest-of-season contract, while Milwaukee takes on a cap hit of about $518K. Since the Bucks are over the luxury tax line, their projected tax bill will also increase as a result of the move.

FEBRUARY 15: The Bucks are close to completing a deal with free agent swingman DeAndre’ Bembry, tweets ESPN’s Adrian Wojnarowski.

Bembry, who was waived by the Nets last Thursday to open a roster spot in the James Harden deal, will sign with Milwaukee for the rest of the season, according to Wojnarowski.

The deal will give Milwaukee some extra depth on the wing following last week’s trades of Donte DiVincenzo and Rodney Hood, as well as Pat Connaughton‘s subsequent hand injury.

Bembry, 27, was in his first season with Brooklyn after agreeing to a partially guaranteed contract heading into training camp. He eventually earned a fully guaranteed deal and appeared in 48 games with the Nets, starting 20. He averaged 5.8 points and 3.2 rebounds in 19.8 minutes per night.

Once the signing becomes official, the Bucks will be up to 13 players on their roster, plus a pair of two-way deals. They will need to add at least one more player to reach the league minimum and have been rumored as a possible location for Goran Dragic, who reached a buyout with the Spurs earlier today.

Patrick Beverley Signs One-Year Extension With Timberwolves

February 16th, 2022 at 6:02am CST by Dana Gauruder

FEBRUARY 16: Beverley officially signed his extension with the Timberwolves on Tuesday, according to NBA.com’s transactions log.

FEBRUARY 14: Veteran guard Patrick Beverley has agreed to a one-year, $13MM contract extension with the Timberwolves, ESPN’s Adrian Wojnarowski tweets.

Minnesota already had a projected $107MM in salary commitments next season, not including the cap hold for its first-round pick, Bobby Marks of ESPN tweets. The Timberwolves could still use their mid-level exception and remain below the projected $147MM luxury tax line.

Beverley is in the final season of a three-year $40MM contract he signed with the Clippers in 2019. The 33-year-old has made his mark in the league as a pesky defender but he has also posted some solid stats for Minnesota.

He is averaging 9.0 PPG, 4.9 APG and 4.4 RPG in 26.1 MPG in 38 games, including 34 starts. He’s shooting 34% from deep, which is below his 37.9% career average.

This leaves Taurean Prince ($13MM this season) as the only prominent member of Minnesota’s rotation heading into free agency this summer.

Beverley will be the 27th player to sign a contract extension during the 2021/22 NBA league year, including the 16th to finalize a veteran extension. Our extension tracker features the details on this season’s other 26 deals.

Javonte Smart Signs Two-Way Deal With Heat

February 15th, 2022 at 9:59pm CST by Alex Kirschenbaum

The Heat have signed free agent rookie guard Javonte Smart to fill their open two-way player slot, per a team press release.

Third-year combo guard Kyle Guy is Miami’s other two-way player. Former two-way player Caleb Martin was just elevated to the Heat’s main 15-man roster earlier today in order to make him playoff-eligible.

The Smart announcement marks the club’s second new player signing this week. Miami also added wing Haywood Highsmith via a 10-day contract.

After going undrafted out of LSU last summer, Smart played for the Heat during the 2021 NBA Summer League, and subsequently kicked off the 2021/22 preseason with a training camp contract on the Heat. He was ultimately released prior to the start of the year.

Smart later linked up with the Heat’s NBAGL affiliate club, the Sioux Falls Skyforce. Across 12 regular season contests with the Skyforce (including tonight), Smart is averaging 23.4 PPG, 4.9 RPG, and 3.7 APG. He is connecting on 43.4% of his field goal looks, including 34.7% of his long-range attempts. Anthony Chiang of the Miami Herald writes that Smart scored 40 points while shooting 11-of-18 from the floor tonight in a victory against the Rio Grande Valley Vipers.

The 6’4″ 22-year-old had a brief stint this season with the Bucks as a two-way player, suiting up for 13 contests with the reigning champs before being waived last month. In 12.3 MPG, Smart averaged 2.4 PPG and 1.5 RPG for Milwaukee.

Heat Promote Caleb Martin To 15-Man Roster

February 15th, 2022 at 1:08pm CST by Luke Adams

1:08pm: Martin’s new deal is official, the Heat confirmed in a press release.

11:23am: The Heat are signing forward Caleb Martin to a standard contract, reports Shams Charania of The Athletic (Twitter link). Martin had spent the 2021/22 season up until this point on a two-way deal, but wouldn’t be playoff-eligible without a promotion to the 15-man roster.

Charania says the Heat are signing the 26-year-old for “the remainder of the season,” suggesting there will be no additional years tacked onto his new contract, and Anthony Chiang of The Miami Herald confirms (via Twitter) it’s a rest-of-season, minimum-salary deal. That means Martin will be eligible for restricted free agency at season’s end.

Martin, who spent his first two NBA seasons in Charlotte, signed a two-way deal with the Heat in September and has emerged as a reliable rotation player for the club. In 44 games (22.9 MPG), he has averaged 9.5 PPG, 4.0 RPG, and 1.0 SPG on .506/.379/.739 shooting.

It has been a foregone conclusion for much of the season that Martin would eventually be promoted to the standard roster, but Miami’s proximity to the luxury tax line has delayed the move. After trading KZ Okpala to Oklahoma City last week, the Heat have more breathing room below the tax threshold, creating a path for Martin’s promotion.

Once Martin’s new deal is official, the Heat will have a full 15-man roster, at least for the time being. The team entered the week with two 15-man roster openings, but signed Haywood Highsmith to a 10-day contract. Martin’s promotion will open up a two-way contract slot for Miami.

Heat Sign Haywood Highsmith To 10-Day Deal

February 15th, 2022 at 11:12am CST by Dana Gauruder

FEBRUARY 15: Highsmith’s 10-day contract is now official, the Heat announced in a press release.

Highsmith’s contract will actually cover 11 days due to the All-Star break. Standard 10-day deals are required to cover either 10 days or three games, whichever comes later. Miami has two more games before the All-Star break, then doesn’t play again until February 25 — Highsmith would be eligible to play in that game before his deal expires.

FEBRUARY 14: The Heat are signing swingman Haywood Highsmith to a 10-day contract, agent Jerry Dianis told our JD Shaw (Twitter link)

Highsmith had a 10-day stint with Miami under the hardship exception in late December and early January. He appeared in four games, averaging 3.0 PPG and 1.3 RPG in 10.5 MPG. The Heat view him as a strong fit for the team’s culture.

As we noted earlier on Monday, Miami had two open roster spots after last week’s trade deadline and needed to fill at least one of them within two weeks. Highsmith’s versatility allows him to play shooting guard, small forward and power forward, something that could help Miami since the team traded KZ Okpala and still hasn’t cleared Markieff Morris.

Highsmith had a brief stint with the Sixers in 2018/19, appearing in five games for the club on a two-way contract. The 25-year-old also spent the 2020/21 season in Germany, but has otherwise played mostly for the Delaware Blue Coats, Philadelphia’s G League affiliate, since going pro in ’18. He has appeared in 17 games with the Blue Coats this season, averaging 13.6 PPG on 39% shooting from three-point range.

The 6’7” Highsmith also played on USA Basketball’s 2023 World Cup qualifying team in November.

Daishen Nix Signs Four-Year Deal With Rockets

February 15th, 2022 at 10:04am CST by Dana Gauruder

FEBRUARY 15: Nix’s promotion to the 15-man roster is now official, the Rockets announced today in a press release.

Nix is joining Houston on a four-year, $6MM deal, with only the first two seasons guaranteed, per Michael Scotto of Hoops Hype (via Twitter).

FEBRUARY 14: Point guard Daishen Nix has agreed to a four-year contract with the Rockets, Mark Berman of Fox 26 tweets.

The exact terms of the deal aren’t yet known, but it almost certainly won’t be fully guaranteed across all four years. Houston will use a portion of its mid-level exception to give Nix four years.

Nix was on a two-way contract with the club and will have it converted to a standard contract. The rookie has excelled against G League competition and Rockets GM Rafael Stone said the promotion was well-earned, Jonathan Feigen of the Houston Chronicle writes.

“He’s playing great,” Stone said. “He’s really happy, and he’s just developing at an awesome rate. I would imagine that at some point, he will be back (in the NBA). He’s been on the court with the Rockets already, so that’s not a secret, and I would imagine we’ll see that again. But there’s not, like, a firm plan that he needs to do this or that. We’re really, really happy with his development, and so there’s no need to interrupt that right now.”

Nix has played in eight games with the Rockets this season, averaging 3.8 PPG in 8.4 MPG. In 22 games with the Rio Grande Valley Vipers, he is averaging 24.5 PPG, 7.3 APG, 6.4 RPG and 2.6 SPG.

Nix was one of a handful of prospects who opted to forgo college ball in favor of a spot on the G League Ignite last season, but he went undrafted.

Houston won’t have to make another roster move to promote Nix to the 15-man squad, since the team waived Enes Freedom earlier in the day.