Transactions Rumors | Hoops Rumors

Knicks Officially Complete Three Roster Moves

November 5th, 2024 at 2:06pm CST by Luke Adams

The Knicks have formally completed a trio of roster moves, per the NBA’s official transaction log. The three moves, which were previously reported, are as follows:

Signed Matt Ryan to a standard contract (story)
Promoted Ariel Hukporti from a two-way contract to a standard contract (story)
Signed Boo Buie to a two-way contract (story)

As we detailed in our individual stories on the signings, the Knicks had been carrying 12 players on standard contracts and had to get to 14 by Tuesday, since teams are only permitted to carry fewer than 14 players on their standard rosters for up to 14 days at a time. New York had done so since the regular season begin two weeks ago.

Elevating Hukporti from his two-way deal to the standard roster created a two-way opening, which the Knicks filled by signing Buie. The team now has 17 total players under contract.

Ryan’s new deal with the Knicks is a one-year, minimum-salary contract that is non-guaranteed, per Ian Begley of SNY.tv and Stefan Bondy of The New York Post (Twitter links). The first year on Hukporti’s new contract, previously said to be a two-year deal with a second-year team option, is also non-guaranteed, Begley adds (via Twitter).

Ryan’s prorated cap hit is $1,919,558, while Hukporti’s is $1,064,049. Those two cap charges bump the Knicks’ total team salary to $188,350,128, giving the team nearly $581K in breathing room below its $188,931,000 hard cap.

New York could swap in a new 14th man by waiving Ryan before his salary becomes fully guaranteed on January 7. If Ryan remains on the roster and the team doesn’t make any trades, the front office will have to wait until February 25 to be able to squeeze in a 15th man on a veteran’s minimum contract below the hard cap, tweets ESPN’s Bobby Marks.

Landry Shamet is a player to watch over the course of the season, since he appeared to be on track to claiming a roster spot out of training camp before dislocating his shoulder. If he recovers from that injury in the coming months, he could eventually supplant Ryan as the 14th man or fill the open 15th slot (after Feb. 25).

Knicks, Boo Buie Agree To Two-Way Deal

November 5th, 2024 at 8:46am CST by Luke Adams

The Knicks have agreed to sign rookie guard Boo Buie to a two-way contract, sources tell ESPN’s Shams Charania (Twitter link). He’ll fill the two-way slot that is opening up as a result of Ariel Hukporti‘s promotion to the standard roster.

Buie, a 6’2″ guard, went undrafted in June after spending his entire five-year college career at Northwestern. As a super-senior in 2023/24, he averaged 19.0 points, 5.0 assists, 3.3 rebounds, and 1.4 steals in 36.9 minutes per game across 34 starts, posting a shooting line of .438/.434/.858. He was named to the All-Big Ten first team in both 2023 and 2024.

Reporting on draft night indicated that Buie would sign an Exhibit 10 contract with Phoenix, but he ended up signing an Exhibit 10 deal with the Knicks instead. He was in camp with the team just briefly and reported to the Westchester Knicks – New York’s G League affiliate – this fall.

While Buie will likely still spend plenty of time in Westchester, his new two-way deal will also allow him to play for the Knicks’ NBA squad and will give him a significant salary bump. Assuming the signing is officially finalized on Tuesday and he spends the rest of the season on that two-way contract, the 24-year-old will earn $532,025.

Signing Buie to a two-way contract means the Knicks intend to sign Matt Ryan to a standard deal. Word broke on Monday that New York had agreed to sign Ryan, but it wasn’t clear if the veteran sharpshooter would be added to the main roster along with Hukporti or if he’d fill the open two-way slot. We know now it’s the former.

The Knicks’ other two-way players are Jacob Toppin and rookie Kevin McCullar.

Knicks To Sign Matt Ryan

November 4th, 2024 at 12:43pm CST by Rory Maher

The Knicks and free agent forward Matt Ryan have agreed to a contract, reports Michael Scotto of HoopsHype (Twitter link).

ESPN’s Shams Charania (Twitter link) and Ian Begley of SNY.tv have confirmed the news (via Twitter).

According to Begley, while Ryan will definitely be signing with the Knicks, the terms of the contract have yet to be finalized. The 27-year-old could fill New York’s open two-way spot once Ariel Hukporti is officially promoted to a standard deal, or he could be signed to a standard non-guaranteed contract.

New York is currently carrying 12 players on standard contracts to open the season and needs to get to at least 14, the league-mandated minimum, by November 5.

Charania reported just before the season began that Ryan was on the Knicks’ radar, and their G League affiliate in Westchester made him the No. 1 overall pick of the 2024 NBAGL draft a few days later.

A native of White Plains, New York, Ryan spent almost the entire 2023/24 season on a two-way deal with the Pelicans before being converted to a standard multiyear deal on the final day of the regular season. Over the offseason, he waived by New Orleans, re-signed on a new non-guaranteed deal, and then waived again, making him an unrestricted free agent.

Ryan is mostly known for his outside shooting ability, having converted 41.1% of his three-point tries in 63 career games with the Celtics, Lakers, Timberwolves and Pelicans (11.2 MPG). 2024/25 will be his fourth NBA season.

Knicks To Promote Ariel Hukporti To Standard Roster

November 4th, 2024 at 8:40am CST by Luke Adams

The Knicks and Ariel Hukporti have reached an agreement on a new standard contract that will promote the rookie center from his two-way deal to the 15-man roster, reports Shams Charania of ESPN (Twitter link).

According to Charania, Hukporti will sign a two-year contract that includes a team option for the 2025/26 season. While Charania doesn’t specify the financial terms, it figures to be a minimum-salary deal.

The 58th overall pick in this year’s draft, Hukporti logged 12 minutes in last Monday’s loss to Cleveland but has otherwise only seen garbage-time action in the early going this season. The 22-year-old has grabbed seven rebounds and blocked four shots in 29 total minutes across four appearances.

Under normal circumstances, the Knicks likely would’ve kept Hukporti on his two-way contract for most or all of his rookie season, but his promotion had been expected for a few weeks due to the team’s hard cap situation.

New York is carrying 12 players on standard contracts to open the season and needs to get to at least 14, the league-mandated minimum, by November 5. However, the team doesn’t have enough flexibility below its hard cap to simply sign two veteran free agents to minimum-salary contracts, meaning at least one of those two roster additions has to be a rookie who was on a two-way deal with the Knicks or whose draft rights the Knicks held. Hukporti had been viewed as the leading candidate since training camp.

If his promotion becomes official on Monday, Hukporti’s first-year cap hit will be $1,070,699, leaving the team approximately $2.5MM below the hard cap, with one more roster addition to come. If the two sides don’t finalize the rookie’s new deal until Tuesday, his 2024/25 cap hit would be $1,064,049.

While the Knicks will have to add one more player to their standard roster by Tuesday, Hukporti’s promotion opens the door for the club to make two additional signings, since it creates a two-way opening. Matt Ryan is considered a strong candidate to join the NBA squad in some capacity, perhaps filling that open two-way slot.

Landry Shamet was expected during the preseason to be part of the Knicks’ regular season roster, but his dislocated shoulder has complicated that plan — it’s possible the team will sign a healthy player to a non-guaranteed contract as its 14th man for now and pivot to Shamet later in the season if and when he has recovered. The veteran wing is currently rehabbing with the Westchester Knicks, New York’s G League affiliate.

Whether the Knicks exercise or decline Hukporti’s 2025/26 option at the end of this season, they’ll be able to make him a restricted free agent when his current contract expires, putting them in position to lock him up to a longer-term contract at that time if his development is trending in the right direction.

Jaylen Nowell Signs With Pelicans

November 3rd, 2024 at 11:49am CST by Arthur Hill

NOVEMBER 3: The signing is official, the Pelicans announced in a press release.

NOVEMBER 2: The Pelicans will sign free agent guard Jaylen Nowell, sources tell Michael Scotto of HoopsHype (Twitter link). It’s a non-guaranteed contract, according to Will Guillory of The Athletic (Twitter link).

New Orleans has been hit hard by early-season injuries, so Nowell will provide some much-needed depth. The team announced Friday that Herbert Jones will miss two-to-four weeks with a right shoulder strain and low-grade tear in his rotator cuff, while CJ McCollum will be sidelined two-to-three weeks with a right adductor strain.

That’s in addition to the loss of Dejounte Murray, who’s expected to miss three-to-five more weeks with a broken hand he suffered on opening night, and Trey Murphy, who’s out with a hamstring strain.

Nowell, 25, was in training camp with the Wizards on an Exhibit 10 contract, but was waived last month. He was listed on the camp roster for Washington’s G League affiliate, the Capital City Go-Go.

Nowell played nine games for Memphis last season on a pair of 10-day contracts he signed in late November and early December. He spent most of the year with the Stockton Kings in the G League before returning to the NBA on a pair of two-way deals with Detroit in April.

Nowell was drafted by the Timberwolves with the 43rd pick in 2019 and played his first four NBA seasons in Minnesota. He holds career averages of 8.9 points, 2.2 rebounds and 1.8 assists in 197 games.

The Pelicans have a roster spot open, so they won’t need a corresponding move before finalizing the contract with Nowell. The team has been using a 14-man roster because it’s operating above the luxury tax line and about $4.4MM below its hard cap.

Grizzlies’ LaRavia, Pistons’ Moore Have 2025/26 Options Declined

October 31st, 2024 at 11:36pm CST by Luke Adams

The Grizzlies have opted not to exercise Jake LaRavia‘s rookie scale team option for the 2025/26 season, according to Drew Hill of The Daily Memphian (Twitter link).

LaRavia is currently earning $3.35MM in his third NBA season. His fourth-year option would have been worth $5,163,127, but the Grizzlies will turn it down, putting the forward on track for unrestricted free agency next summer.

As Hill explains, Memphis is “encouraged” by the progress LaRavia has made and have interest in retaining him beyond the current season, but want to retain some roster and cap flexibility. The Grizzlies already have 12 other players on guaranteed contracts for 2025/26.

LaRavia, who will turn 23 on Sunday, has appeared in 75 NBA regular season games since being drafted 19th overall out of Wake Forest in 2022. He has averaged 6.9 points, 2.9 rebounds, and 1.3 assists in 17.9 minutes per game, with a shooting line of .393/.335/.780.

LaRavia was one of four players selected by the Grizzlies in the 2022 draft. Memphis has since traded David Roddy and waived Kennedy Chandler, making No. 47 overall pick Vince Williams the team’s most successful selection in that class — Williams was elevated from his two-way contract to the standard roster last season, agreeing to a four-year deal with the Grizzlies.

The deadline for teams to exercise 2025/26 rookie scale team options was 11:59 pm Eastern time on October 31. Pistons wing Wendell Moore was among the other players who had his option declined, confirms Michael Scotto of HoopsHype (Twitter link).

Detroit had five players with rookie scale options for ’25/26 and announced on Oct. 21 that they’d exercised four of those options. That was a very strong signal they weren’t picking up the fifth one, Moore’s, which was worth $4,574,283.

A former No. 26 overall pick, Moore was acquired from the Timberwolves by the Pistons in a salary-dump deal during the offseason and has essentially only ever played garbage-time minutes at the NBA level, logging just 229 total minutes in 55 appearances.

Like LaRavia, Moore will be an unrestricted free agent in the summer of 2025 if he plays out his current contract. The teams that have those players on their rosters at season’s end will be prohibited from offering them starting salaries exceeding what their options would have been worth.

You can view all of this year’s rookie scale option decisions right here.

Lakers Declining Third-Year Option On Hood-Schifino

October 31st, 2024 at 1:45pm CST by Rory Maher

The Lakers are declining their third-year team option on 2023 first-round pick Jalen Hood-Schifino, according to NBA insider Chris Haynes (Twitter link). The former Indiana guard will now be an unrestricted free agent in 2025.

The option, which was for the 2025/26 season, was valued at $4,064,640. The Lakers — or whichever team Hood-Schifino finishes this season with — will be limited to offering him that figure in free agency, but rival suitors could theoretically exceed that total.

The No. 17 overall pick of last year’s draft, Hood-Schifino battled injuries to open his rookie campaign and had very little NBA run last season, only playing 109 total minutes in 21 games (5.2 MPG). He struggled in the games he did play, going just 10-of-45 from the floor (22.2%) and recording more turnovers (nine) than assists (eight).

Hood-Schifino put up much better numbers in the G League in 15 games with the South Bay Lakers, averaging 22.0 PPG, 4.7 RPG and 5.3 APG on .473/.432/.800 shooting, though turnovers were again an issue (3.3 per game).

Hood-Schifino has not been in the Lakers’ rotation to open the ’24/25 season, having played zero minutes to this point.

With the benefit of hindsight and the caveat that he’s only 21 years old, Los Angeles’ decision to draft Hood-Schifino at No. 17 doesn’t look great right now. The three players selected directly after him — Jaime Jaquez, Brandin Podziemski and Cam Whitmore — are playing rotation minutes for competitive teams, with UCLA’s Jaquez and former Santa Clara guard Podziemski earning spots on the All-Rookie First Team in ’23/24.

Decisions on ’25/26 rookie scale team options are due today. We’re tracking all of those decisions right here.

Bucks Declining 2025/26 Option On MarJon Beauchamp

October 31st, 2024 at 1:23pm CST by Rory Maher

The Bucks are declining their fourth-year team option on wing MarJon Beauchamp, reports Shams Charania of ESPN.

As our tracker shows, October 31 is the deadline for teams to make decisions on 2025/26 rookie scale team options.

The No. 24 overall pick of the 2022 draft, Beauchamp has yet to establish himself as a reliable rotation player over the course of two-plus seasons. Beauchamp, who turned 24 years old earlier this month, will be an unrestricted free agent next summer after Milwaukee declined next season’s option, which was valued at $4,781,276.

In 104 career regular season games, including 12 starts, Beauchamp has averaged 4.7 points and 2.1 rebounds on .431/.353/.716 shooting in 12.7 minutes per contest.

As ESPN’s Bobby Marks tweets, the Bucks still have $170MM in salary committed to their roster next season, and three players — Khris Middleton, Bobby Portis and Pat Connaughton — hold player options for 2025/26. Declining Beauchamp’s option will save money against the luxury tax in ’25/26.

Two reports from Jake Fischer of Bleacher Report — one in February and one a few days before the ’24/25 season began — stated the Bucks were willing to trade Beauchamp, so it’s not a total surprise that his option was declined. Still, it’s certainly a noteworthy development, particularly for a team that has needed athletic wings for a few seasons.

Whichever team Beauchamp finishes this season with will be limited to offering him up to the value of the declined option in free agency. Rival teams could exceed that figure if he has a breakout third season, though that seems fairly unlikely at the moment.

Thunder Add Malevy Leons, Cut Reese

October 31st, 2024 at 9:55am CST by Dana Gauruder

The Thunder have signed big man Malevy Leons to a standard contract and waived Alex Reese, according to a team press release.

Leons went undrafted in June out of Bradley and signed an Exhibit 10 contract with Oklahoma City in September. He was waived on Oct. 19.

Leons appeared in four preseason games and averaged 5.0 points, 3.8 rebounds and 1.50 steals in 13.5 minutes per game. In his last college season, he appeared in 35 games (all starts) with the Braves and averaged 13.8 points, 7.1 rebounds, 1.5 blocks, 1.5 steals and 1.3 assists while shooting 49% from the floor.

Reese was signed to a non-guaranteed contract less than two weeks ago. He made a two-minute cameo in one game.

The Thunder are dealing with frontcourt injuries. Isaiah Hartenstein is recovering from a hand fracture, while Jaylin Williams is out at least a month with a strained hamstring. That could open up the door for some playing time for Leons.

Considering Reese’s short stint, it’s uncertain how long Leons will remain on the roster. He’ll fill the 15th spot for the time being, but his contract will likely be non-guaranteed, so the Thunder could continue to look at other options in the coming weeks.

Rockets Exercise Contract Options On Four Players

October 31st, 2024 at 8:05am CST by Dana Gauruder

The Rockets have picked up their 2025/26 four-year options on Jabari Smith Jr. and Tari Eason’s contracts, as well as their third-year options on Amen Thompson’s and Cam Whitmore’s contracts, according to the Houston’s Chronicle’s Jonathan Feigen.

None of the moves are surprising, considering Smith is a starter and the three others are second-unit players. Smith, the third pick of the 2022 draft, will make $12,350,392 next season. Eason, the 17th pick of the same draft, will bring in $5,675,766. Both will be eligible for rookie scale extensions next offseason.

Thompson, the fourth pick of last year’s draft, will make $9,690,212 next season. Whitmore, the No. 20 pick in that draft, will earn $3,539,976.

Houston has been busy making commitments to its young players. Alperen Sengun signed a five-year extension on Oct. 21, while Jalen Green inked a three-year deal on the same day.

Smith is currently averaging 11.5 points and 9.0 rebounds per game with Eason, Thompson and Whitmore are contributing a combined 21.6 PPG off the bench.