Transactions Rumors | Hoops Rumors

Bucks Sign Grayson Allen To Two-Year Extension

October 18th, 2021 at 5:52pm CST by Luke Adams

5:52pm: The Bucks have officially signed Allen to his extension, per NBA.com’s transactions log. The deal’s overall base value is lower than $20MM, according to Jim Owczarksi of The Milwaukee Journal Sentinel, who reports that it can be worth up to $19.5MM if certain team and player incentives are met.

4:16pm: The Bucks have reached an agreement on a two-year, $20MM rookie scale contract extension with wing Grayson Allen, agent Mitch Nathan of CAA tells Adrian Wojnarowski of ESPN (Twitter link).

Allen, who is entering his fourth NBA season, had the best year of his career for the Grizzlies in 2020/21, starting 38 of 50 games and averaging 10.6 PPG, 3.2 RPG and 2.2 APG. The former Duke star has knocked down 39.5% of his 3-point attempts over the last two years while steadily increasing his volume.

The Bucks acquired Allen from Memphis over the summer in exchange for Sam Merrill and a pair of future second-round picks. He’ll play a rotation role on the wing in Milwaukee this season and would have been eligible for restricted free agency in 2022 if he hadn’t worked out a deal with the team today.

Allen’s two-year contract will give the Bucks some insurance in the event that they can’t complete a new contract with Donte DiVincenzo, who is also on track for potential restricted free agency next summer if he doesn’t sign an extension today. Allen’s new deal will pay him approximately the equivalent of the full mid-level exception.

Allen will earn just over $4MM this season before his extension goes into effect in 2022/23.

Suns Sign Landry Shamet To Four-Year Extension

October 18th, 2021 at 5:49pm CST by Luke Adams

5:49pm: Shamet’s extension is official, according to NBA.com’s transactions log. The deal will include a team option in year four, says Michael Scotto of HoopsHype (Twitter link).

4:20pm: The Suns are signing guard Landry Shamet to a four-year, $43MM rookie scale contract extension, agent George Landberg tells ESPN’s Adrian Wojnarowski (Twitter link).

The deal is almost identical to what a four-year deal using the full mid-level exception is projected to look like in 2022/23.

Shamet has yet to appear in a regular season game for Phoenix, having been acquired from Brooklyn in an offseason deal. However, as Wojnarowski notes (via Twitter), head coach Monty Williams pushed for that trade and is planning on having Shamet play a big role for the Suns.

The 24-year-old has bounced around the NBA since entering the league as the 26th overall pick, having already spent time with the Sixers, Clippers, and Nets. However, he has been considered a positive asset each time he has been traded — the Suns gave up Jevon Carter and the No. 29 pick for him this summer.

Shamet has also been a reliable outside shooter for each one of his teams so far, knocking down 39.7% of his career three-point attempts in 193 games. In 2020/21, he averaged 9.3 PPG in 61 games (23.0 MPG) for the Nets.

Even though the Suns were said to be high on Shamet, it’s still a little surprising that the team completed rookie scale extensions with two players this offseason and former No. 1 overall pick Deandre Ayton wasn’t one of them. Mikal Bridges also received a four-year deal from Phoenix, but extension negotiations with Ayton stalled and ended.

Outside of Ayton, the Suns now have their entire core locked up for multiple seasons. Devin Booker is under contract for the next three years, while Chris Paul‘s contract covers four seasons.

Warriors Claim Dowtin, Make Him Two-Way Player

October 18th, 2021 at 5:07pm CST by Dana Gauruder

The Warriors have claimed Jeff Dowtin and converted his Exhibit 10 deal to a two-way contract, Anthony Slater of The Athletic tweets.

The Magic waived Dowtin on Saturday.

Dowtin, a 6’3” shooting guard, played for G League’s Lakeland Magic last season and was also a member of Orlando’s Summer League team. Dowtin, who went undrafted out of Rhode Island in 2020, averaged 6.5 PPG and 2.5 APG in 15 games (19.7 MPG) for Lakeland last season and 7.2 PPG in five games at Las Vegas.

He also saw action in three preseason games this month. Golden State’s other two-way deal is held by another guard, Chris Chiozza.

Rockets Claim Garrison Mathews, Waive Anthony Lamb

October 18th, 2021 at 5:02pm CST by Luke Adams

The Rockets have made a change to one of their two-way contract slots, waiving forward Anthony Lamb and replacing him with guard Garrison Mathews, reports Kelly Iko of The Athletic (Twitter links). According to Iko, Houston claimed Mathews off waivers and converted his Exhibit 10 contract to a two-way deal.

Mathews, who was on a two-way contract with Washington for each of the past two seasons after going undrafted out of Lipscomb in 2019, emerged as a regular rotation player for Washington in 2020/21, averaging 5.5 PPG in 64 games (16.2 MPG). The 24-year-old shooting guard has displayed a reliable outside shot since entering the NBA, making 38.9% of 244 total three-point attempts.

The Celtics signed Mathews to a training camp contract this offseason and he was a candidate to be converted to a two-way deal in Boston, but he reportedly asked the team not to do so. According to Jared Weiss of The Athletic, Mathews thought it was unlikely he’d be promoted to the Celtics’ standard roster during the season if he were on a two-way deal with the team. There’s a better path to a 15-man roster spot in Houston, where the Rockets will likely try to trade some veterans this season.

As for Lamb, he played in the G League bubble with the Canton Charge and Rio Grande Valley Vipers earlier this year after going undrafted out of Vermont in 2020. His solid showing for Houston’s G League affiliate (the Vipers) earned him a two-way deal with the Rockets in March. He averaged 5.5 PPG and 2.9 RPG in 24 games (17.3 MPG) for Houston, then accepted his two-way qualifying offer this offseason. He’s a candidate to return to the Vipers.

The Rockets also completed another minor transaction, quietly signing and waiving big man Mfiondu Kabengele, according to Jonathan Feigen of The Houston Chronicle. The sign-and-waive move ensures that Houston can make Kabengele an affiliate player for Rio Grande Valley, assuming he signs a G League contract.

Kabengele, 24, was the 27th overall pick in the 2019 draft, but barely played for the Clippers in his rookie year and had his rookie scale team option for the 2021/22 season turned down. He was traded to the Kings at the 2021 deadline, then caught on with the Cavaliers after being cut by Sacramento. The 6’9″ Canadian played in 16 games for the Cavs down the stretch, averaging 4.3 PPG and 2.9 RPG in 11.6 minutes per contest.

Because Kabengele signed his Exhibit 10 contract with Houston on Sunday and wasn’t cut until Monday, he’ll still be on waivers when the regular season begins. That means the Rockets will take on a small cap hit for a couple days worth of his minimum salary.

Spurs Claim Cacok, Hand Him Two-Way Deal

October 18th, 2021 at 4:30pm CST by Dana Gauruder

The Spurs have claimed former Lakers and Nets forward Devontae Cacok off waivers and converted his deal to a two-way contract, Shams Charania of The Athletic tweets.

Brooklyn placed Cacok on waivers over the weekend after choosing to sign David Duke Jr. to a two-way contract. Cacok was signed to a training camp deal last month.

Claims are relatively rare in the NBA, so the Spurs apparently believe Cacok, 25, could contribute this season. Swingman Joe Wieskamp has the Spurs’ other two-way deal.

Cacok, who went undrafted out of UNC Wilmington in 2019, spent his first two professional seasons on a two-way contract with the Lakers. He played sparingly as a rookie, but appeared in 20 regular season games in 2020/21, though his playing time was limited. He averaged 2.0 PPG and 1.6 RPG in 4.9 minutes per contest.

He excelled in the G League in 2019/20, putting up 19.3 PPG and 11.9 RPG with a .660 FG% in 33 games for the South Bay Lakers.

Brooklyn’s G League team, the Long Island Nets, acquired his rights on Friday. The Spurs’ two-way contract will override those returning rights. However, Long Island would still have his returning rights if he’s waived and signs a G League contract.

Spurs Exercise Options On Johnson, Vassell

October 18th, 2021 at 4:12pm CST by Dana Gauruder

The Spurs exercised their fourth-year option on forward Keldon Johnson, as well as their third-year option on swingman Devin Vassell, for the 2022/23 season, according to a team press release.

Johnson will make approximately $3.87MM next season, while Vassell will take in nearly $4.44MM.

Neither move came as a surprise.

Johnson has emerged as one of the team’s top players. He appeared in 69 games last season and averaging 12.8 PPG, 6.0 RPG and 1.8 APG in 28.5 MPG. Johnson, the 29th pick of the 2019 draft, was a member of this summer’s Team USA squad that captured the gold medal at the Tokyo Olympics.

Vassell, a lottery pick last year, averaged 5.5 PPG and 2.8 RPG in 17.0 MPG over 62 games during his rookie campaign. He projects to be one of San Antonio’s mainstays on its second unit this season.

Lakers Claim Avery Bradley Off Waivers

October 18th, 2021 at 4:10pm CST by Luke Adams

The Lakers have reunited with another old friend, having claimed guard Avery Bradley off waivers, according to Shams Charania of The Athletic (Twitter link). Bradley was released by the Warriors on Saturday.

Bradley was part of the Lakers’ championship team in 2019/20, averaging 8.6 PPG and 2.3 RPG on .444/.364/.833 shooting in 49 games (24.2 MPG) for the club. He signed with the Heat last offseason, then was traded to Houston at the March trade deadline. The Rockets turned down Bradley’s team option for 2021/22 and he subsequently joined the Warriors for training camp.

Bradley failed to earn the 15th spot on Golden State’s regular season roster, but will become the latest veteran to rejoin the Lakers after spending time away from the team. Dwight Howard, Rajon Rondo, Trevor Ariza, Wayne Ellington, and Kent Bazemore are among the others who fit that bill. Howard and Rondo, like Bradley, were members of the 2020 championship team.

The Lakers, who signed Jay Huff to a two-way contract earlier today, now have a full 17-man roster for the regular season. However, Bradley’s deal is non-guaranteed and Austin Reaves only has a small partial guarantee, so the team has the flexibility to make some changes in the coming days, weeks, or months, if necessary.

Knicks Pick Up 2022/23 Options On Barrett, Toppin, Quickley

October 18th, 2021 at 3:06pm CST by Luke Adams

The Knicks have picked up their fourth-year option on wing RJ Barrett, as well as their third-year options on forward Obi Toppin and guard Immanuel Quickley, reports Fred Katz of The Athletic (Twitter link). The three options are for the 2022/23 season.

As a result of the moves, all three players will now have guaranteed salaries for ’22/23. Barrett will make $10.9MM, Toppin will make $5.35MM, and Quickley will earn $2.32MM, as our tracker shows.

Barrett will now become eligible for a rookie scale extension during the 2022 offseason, while the Knicks will have to make decisions on Toppin’s and Quickley’s fourth-year options (for 2023/24) a year from now.

Toppin struggled to make an impact as a rookie last season, averaging just 4.1 PPG and 2.2 RPG in 62 games (11.0 MPG), but Barrett and Quickley played key roles for a Knicks team that ended a seven-year playoff drought.

Barrett put up 17.6 PPG, 5.8 RPG, and 3.0 APG in 72 games (34.9 MPG), while Quickley recorded 11.4 PPG with a .389 3PT% in 64 contests (19.4 MPG).

Hornets Release Wesley Iwundu

October 18th, 2021 at 2:44pm CST by Luke Adams

2:44pm: The Hornets have officially waived Iwundu, according to a press release from the team.

1:11pm: The Hornets will finalize their regular season roster by waiving swingman Wesley Iwundu, sources tell Shams Charania of The Athletic (Twitter link).

Iwundu, who will turn 27 in December, has been in the NBA for four seasons after being selected 33rd overall in the 2017 draft by the Magic. He spent his first three years in Orlando, then played for the Mavericks and Pelicans in 2020/21. In 223 total games (16.8 MPG), he has averaged 4.3 PPG and 2.4 RPG on .407/.286/.799 shooting.

The Pelicans sent Iwundu to Charlotte this summer as part of the Devonte’ Graham sign-and-trade. Iwundu was a late addition to the deal for salary purposes, as his inclusion allowed New Orleans to create a significant trade exception. With the Hornets carrying 16 players on guaranteed contracts this fall, Iwundu always seemed to be the likeliest victim of the club’s roster crunch.

Charlotte will take on a $1,824,003 cap hit for Iwundu, assuming he goes unclaimed on waivers on Wednesday. The Hornets now have 15 players on standard contracts and a pair on two-way deals.

Grizzlies Sign Jaren Jackson Jr. To Four-Year Extension

October 18th, 2021 at 1:55pm CST by Luke Adams

1:55pm: Jackson’s extension is now official, per NBA.com’s transactions log. According to ESPN’s Bobby Marks (Twitter link), the deal has a first-year salary of $28.9MM and declines annually from there. Marks also confirms that it’ll include prior injury exclusion (Exhibit 3) language related to Jackson’s left knee.

12:41pm: There will be injury protections in the deal, sources tell Joe Vardon of The Athletic. According to Vardon, if Jackson gets hurt again, the Grizzlies would have the ability to save some or all of the money they’d owe him.

We’ll have to wait for the specific details, but typically, that sort of contract language applies to a reoccurrence of a similar prior injury. For instance, the agreement might make Jackson’s future salaries non-guaranteed if he has more health issues related to his left knee.

Joel Embiid‘s rookie scale extension with Philadelphia had language along those lines. But again, we’ll have to wait for more specifics on Jackson’s deal.

10:40am: The Grizzlies and power forward Jaren Jackson Jr. have reached an agreement on a rookie scale extension, according to ESPN’s Adrian Wojnarowski. Agent Austin Brown of CAA Basketball tells Wojnarowski that Jackson is signing a four-year, $105MM extension with the team. It will go into effect in 2022/23.

Jackson, 22, was the fourth overall pick in the 2018 draft and started 113 of the 115 games he played for Memphis in his first two NBA seasons. In 2019/20, he averaged 17.4 PPG, 4.6 RPG, and 1.6 BPG on .469/.394/.747 shooting in 57 contests (28.5 MPG).

However, Jackson was sidelined for the majority of the ’20/21 campaign while recovering from surgery to repair a torn meniscus in his left knee. He returned late in the season for just 11 games and didn’t quite look like he was back up to full speed, averaging 14.4 PPG on a modest .424/.283/.833 shooting line.

Despite coming off a season nearly entirely lost to injury, Jackson remains a key part of the Grizzlies’ long-term plans, along with guard Ja Morant, who will be up for a rookie scale extension of his own in 2022.

As Wojnarowski writes, Memphis views Jackson as one of the more versatile and dynamic young bigs in the NBA. The team chose to lock him up now rather than risk paying an even higher price in restricted free agency a year from now.

Wojnarowski’s report doesn’t indicate that Jackson’s $105MM deal is fully guaranteed, so we’ll have to wait to see if that number is buoyed by incentives or whether the agreement includes some non-guaranteed money or injury language. Still, it’s a nice payday for a player who has only appeared in 126 total regular season games.

Jackson’s new deal puts this year’s crop of rookie scale extensions over the $1 billion mark, according to ESPN’s Bobby Marks (Twitter link). That figure includes massive, maximum-salary extensions for Luka Doncic, Trae Young, Shai Gilgeous-Alexander, and Michael Porter Jr., along with contracts ranging from $50-90MM for Mikal Bridges, Robert Williams, and Wendell Carter Jr.

The deadline to complete rookie scale extensions is at 5:00pm CT today, so more deals could still get done in the coming hours. We listed all the eligible players in an earlier story.