Transactions Rumors | Hoops Rumors

Sixers Waive Anthony Tolliver

August 27th, 2021 at 2:38pm CST by JD Shaw

The Sixers have waived veteran big man Anthony Tolliver, the team announced on Friday (Twitter link). Tolliver’s $2.69MM contract would’ve become fully guaranteed if he wasn’t released today.

The move opens up a roster spot for Philadelphia, which now has 15 players officially under contract (14 on standard contracts and one on a two-way). The team will also sign Grant Riller to a two-way contract and Haywood Highsmith to an Exhibit 10 deal, leaving three spots available on the 20-man offseason roster.

In addition, Philadelphia has yet to sign second-round draft pick Charles Bassey, who was selected No. 53 overall by the team last month.

Assuming he clears waivers on Sunday, Tolliver will reach free agency after concluding his 13th NBA season. The 36-year-old signed two ten-day contracts and a rest-of-season deal with the Sixers in 2020/21, appearing in a total of nine contests.

Knicks Sign Julius Randle To Four-Year Extension

August 27th, 2021 at 8:44am CST by Luke Adams

AUGUST 27: Randle’s extension is official, the Knicks announced (via Twitter).

“Julius Randle embodies everything you want your star player and leader to be about, and we couldn’t be happier about the long-term commitment we made to each other,” said team president Leon Rose. “His hard work and dedication to his craft are second to none and what he did last season won’t be forgotten by New Yorkers any time soon. We can’t wait to see what’s next for him.”

AUGUST 5: The Knicks have agreed to sign forward Julius Randle to a contract extension, tacking on four years to the one season left on his existing contract, agents Aaron Mintz and Steven Heumann tell ESPN’s Adrian Wojnarowski. The deal will include a player option for 2025/26, per Wojnarowski.

While Wojnarowski reports that the four-year extension will be worth $117MM, that figure includes some incentives — the extension will have a base value of about $106.4MM and could max out at just over $122MM if Randle earns all of his bonuses in every season of the deal (which is very unlikely). It’s the most the Knicks could have offered Randle this season.

As Bobby Marks of ESPN notes (via Twitter), the incentives in the contract are related to making the playoffs, earning an All-Star nod, and making the All-Defense team. Randle earned the first two in 2020/21.

Randle, 26, had his best year as a pro this past season, establishing new career bests in PPG (24.1), RPG (10.2), APG (6.0), and 3PT% (.411), among several other categories.

The former seventh overall pick appeared in all but one regular season game, averaging an NBA-high 37.6 minutes per contest and helping to lead the Knicks to a No. 4 seed in the East and their first playoff berth since 2013. He was named Most Improved Player for the 2020/21 season and made the All-NBA Second Team.

Because Randle would be eligible for a longer, more lucrative contract if he waited until 2022 to reach free agency, there was some uncertainty about how willing he’d be to discuss an extension with the Knicks this summer. However, Wojnarowski writes that the former Laker and Pelican was eager to commit long-term to a team and city “he has come to adore.”

Randle also wanted to give the Knicks some financial flexibility rather than pushing for a higher salary in a year, per Marc Berman of The New York Post and Ian Begley of SNY.tv (Twitter links). Of course, locking in a new deal now gives him some security in the event of an injury or regression next season.

It has been a busy week for the Knicks, who agreed to multiyear deals with free agents Evan Fournier, Alec Burks, Nerlens Noel, and Derrick Rose. All of those players are signing either three- or four-year contracts with team options in the final season. The club also intends to sign Kemba Walker, who should hit waivers soon after reaching a buyout agreement with the Thunder.

Randle’s deal represents one of several lucrative contract extensions agreed to around the NBA this week. Stephen Curry (Warriors), Trae Young (Hawks), Jimmy Butler (Heat), and Shai Gilgeous-Alexander (Thunder) have all agreed to long-term deals worth well into the nine figures, while Luka Doncic (Mavericks) is set to finalize an extension following the Olympics.

Suns Waive Ty-Shon Alexander

August 26th, 2021 at 7:43pm CST by Dana Gauruder

The Suns have waived Ty-Shon Alexander, Duane Rankin of the Arizona Republic tweets.

Alexander, 23, played on a two-way contract last season. He went undrafted out of Creighton in 2020.

Alexander appeared in 15 regular-season games but he only averaged 3.1 MPG in those outings and scored a total of nine points. The 6’3” guard made a cameo appearance in Game 3 of the Finals against Milwaukee and also appeared in 15 G League games, averaging 9.3 PPG and 1.9 APG in 23.7 MPG.

In his last college season, he averaged 16.9 PPG, 5.0 RPG, and 2.3 APG on .431/.399/.860 shooting.

Having parted ways with Alexander, the Suns now have both of their two-ways slots open. The team is carrying just 14 total players, all on guaranteed contracts.

Hawks’ Skylar Mays Signs Two-Way Qualifying Offer

August 26th, 2021 at 11:38am CST by Luke Adams

Restricted free agent shooting guard Skylar Mays has signed his qualifying offer to return to the Hawks, reports Chris Kirschner of The Athletic (via Twitter). Since Mays spent his rookie season in 2020/21 on a two-way deal, his QO was another two-way contract, with a $50K partial guarantee.

The 50th overall pick in the 2020 draft out of LSU, Mays appeared in 33 games for the Hawks last season, averaging 3.8 PPG, 1.1 RPG, and 0.9 APG on .449/.350/.880 shooting in 8.2 minutes per contest.

Atlanta signed 2021 second-round pick Sharife Cooper to a two-way contract earlier this month, but the team’s other two-way slot had been open, so Mays will fill it, at least for the time being. Given that his new deal only includes a small guarantee of $50K, the Hawks aren’t necessarily locked into Mays for the coming season, but he has an inside track to a spot on the 17-man regular season roster for now.

The Hawks now have 14 players on guaranteed contracts, two on Exhibit 10 deals, and a pair on two-way pacts, giving them two openings on their 20-man offseason roster.

Spurs Sign Bryn Forbes

August 25th, 2021 at 2:29pm CST by Alex Kirschenbaum

AUGUST 25: Three weeks after agreeing to a deal with the Spurs, Forbes has formally signed his new contract, he told Jeff McDonald of The San Antonio Express-News (Twitter link).

“It was a great year (in Milwaukee),” Forbes told McDonald. “But I’m happy to be home.”

The terms of Forbes’ contract still aren’t known, but they should surface soon now that the deal is done. The Spurs have used up their cap space, so they may use the room exception to pay Forbes more than the minimum.

AUGUST 4: Free agent shooting guard Bryn Forbes is expected to return for a second stint in San Antonio. Per Shams Charania of The Athletic (Twitter link), the Spurs have agreed to ink old friend Forbes, hot off a championship run with the Bucks, to a new contract. The terms of the agreement have yet to be disclosed.

After going undrafted out of Michigan State in 2016, Forbes impressed San Antonio during a Summer League run with the club.

He then signed on with the Spurs for the start of the 2016/17 season and had been with the team for his entire NBA career, until departing for Milwaukee on a two-year, $4.79MM deal in free agency during the 2020 offseason.

Earlier this summer, Forbes declined the player option on the second year of his Milwaukee deal after proving himself as a solid offensive contributor during the Bucks’ 2021 postseason run.

Forbes, 28, appeared in 70 games with the Bucks during the abbreviated 72-game 2020/21 NBA season. In 19.3 MPG, the 6’2″ wing averaged 10.0 PPG and 1.6 RPG, with a stellar shooting line of .473/.452/.770.

The Spurs have been active in free agency thus far. The team has also added Doug McDermott, Zach Collins and NBL big man Jock Londale in free agency. San Antonio also moved 2020/21 leading scorer DeMar DeRozan in a sign-and-trade deal that will net them future draft equity, plus veteran forwards Thaddeus Young and Al-Farouq Aminu.

Photo courtesy of USA Today Sports Images.

Grizzlies Waive Sean McDermott To Complete Trade With Wolves

August 25th, 2021 at 1:44pm CST by Luke Adams

In order to create room on their 20-man roster to accommodate a one-for-two trade with the Timberwolves, the Grizzlies have waived wing Sean McDermott, the team announced today in a press release.

McDermott, who went undrafted out of Butler in 2020, quickly caught on with the Grizzlies, signing a two-way deal with the team last November. He appeared in 18 NBA games during his rookie season, averaging 2.2 PPG and 1.1 RPG in limited action (8.8 MPG).

Because McDermott’s two-way contract covered two seasons, he had remained under team control to start the 2021/22 league year, but it looks like he’s no longer in the team’s plans for the time being.

Memphis now has an open two-way contract slot, with Killian Tillie occupying the other one. Yves Pons, who is on an Exhibit 10 contract, looks like a candidate to claim the second two-way deal before the regular season, notes Chris Herrington of The Daily Memphian (Twitter link).

Besides Tillie and Pons, the Grizzlies’ other 18 players are on guaranteed contracts. That includes Juan Hernangomez and Jarrett Culver, who were acquired from Minnesota in exchange for Patrick Beverley in the trade that was completed today, and Rajon Rondo, whom Herrington doesn’t expect to still be on the team when the season begins (Twitter link).

Grizzlies Trade Beverley To Wolves For Culver, Hernangomez

August 25th, 2021 at 1:42pm CST by Luke Adams

AUGUST 25: Over a week after agreeing to terms, the Grizzlies and Timberwolves have completed their trade, according to press releases sent out by both teams. Memphis waived Sean McDermott in order to make room on the 20-man roster for the extra incoming player.

AUGUST 17: A day after acquiring him from the Clippers, the Grizzlies have lined up a deal to flip veteran guard Patrick Beverley to the Timberwolves, reports Adrian Wojnarowski of ESPN (Twitter link).

According to Wojnarowski, Memphis will receive wing Jarrett Culver and forward Juan Hernangomez from Minnesota in the trade.

As Wojnarowski observes (via Twitter), Timberwolves president of basketball operations Gersson Rosas worked in the Rockets’ front office when Beverley was in Houston and appreciates the toughness and leadership he can bring to a young team. Minnesota lost some point guard depth when the team shipped Ricky Rubio to Cleveland, so Beverley will help fortify that position.

Beverley, 33, averaged 7.5 PPG, 3.2 RPG, and 2.1 APG on .423/.397/.800 shooting in 37 games (22.5 MPG) for the Clippers in 2020/21 and is considered a strong perimeter defender.

Moving Hernangomez will reduce the Wolves’ options at an already-thin power forward spot, but it may have been a necessary move. There was reportedly tension between the player and the team after Minnesota’s medical staff prevented the 25-year-old from representing Spain at the Tokyo Olympics last month due to a shoulder injury.

Culver, meanwhile, was the No. 6 overall pick in the 2019 draft. One of Rosas’ first moves after being hired by the Wolves was to trade Dario Saric and the No. 11 pick (Cameron Johnson) in order to move up for Culver, but he struggled during his first two years in the NBA, putting up a modest 7.8 PPG and 3.3 RPG on .406/.288/.503 shooting in 97 total games (20.7 MPG).

After taking on some extra 2021/22 money in their trade with the Clippers, the Grizzlies will reduce this year’s team salary a little in this deal — the combined salaries for Culver ($6.4MM) and Hernangomez ($6.9MM) come in slightly lower than Beverley’s cap hit ($14.32MM). Neither player is owed any guaranteed money in 2022/23 yet either, though Culver has an $8.11MM team option and Hernangomez has a $7.42MM non-guaranteed salary.

It’s unclear how Culver and Hernangomez fit into Memphis’ plans. The deal certainly doesn’t help the Grizzlies’ roster crunch — they already had 17 players on guaranteed contracts before swapping out Beverley for two new players, and will actually have to waive someone from their 20-man roster in order to complete the one-for-two trade.

There are likely more moves to come for the Grizzlies, so we’ll have to wait to see what they have in mind for Culver and Hernangomez, but it’s worth noting that Culver is still just 22 years old — the club may seem some untapped potential there. Memphis will have to make a decision on his $8.1MM option for 2022/23 this fall.

Rockets Sign Daishen Nix, Tyler Bey To Exhibit 10 Deals

August 25th, 2021 at 10:18am CST by Eli Cohen

AUGUST 25: The Rockets have officially signed both Nix and Bey, the team announced today in a press release.

AUGUST 24: The Rockets have agreed to Exhibit 10 training camp deals with undrafted rookie Daishen Nix and 2020 second-round pick Tyler Bey, reports Jonathan Feigen of The Houston Chronicle.

Nix was a highly-ranked point guard prospect before joining the G League Ignite last season, where he showcased impressive passing instincts and size, but struggled with his shot. He averaged 8.5 PPG, 5.3 RPG and 5.3 APG in 26.5 MPG with the Ignite, but shot just .384/.176/.714.

Nix played Summer League with the Sixers, averaging 5.2 PPG, 1.8 RPG, 1.8 APG and 1.6 SPG in just 11.5 MPG, but only connected on one-of-five three-point attempts in over 57 total minutes.

Bey was selected with the 36th pick in the 2020 draft by the Sixers and was included in the deal that sent Josh Richardson to the Mavericks for Seth Curry. Bey only played 18 games with the Mavs, and averaged just 3.9 minutes a game in those 18 contests, though he recorded 15.1 PPG and 9.2 RPG in the G League.

The Rockets have no shortage of guards on their roster, but few true point guards, especially if the team is able to move one or both of John Wall or D.J. Augustin, so there’s a chance Nix could find a home if he proves himself in training camp. However, both players face steep competition on a roster full of young, hungry prospects. Unless one earns a two-way contract, they’re more likely to end up playing for the Rio Grande Valley Vipers, Houston’s G League affiliate.

Celtics Sign Robert Williams To Four-Year Extension

August 24th, 2021 at 6:21pm CST by Luke Adams

August 24: The Celtics have officially extended Williams, per a team press release.

“Rob has embraced being a Celtic from day one,” team president Brad Stevens said in a statement. “He is a great teammate and is completely committed to getting better. We’re excited that he will continue to do so here in Boston.”

August 20: After agreeing to a four-year contract extension with Marcus Smart earlier this week, the Celtics have reached a deal to extend another rotation player through 2025/26. The team is in agreement with big man Robert Williams on a four-year, $54MM deal, agent Kevin Bradbury tells ESPN’s Adrian Wojnarowski.

Williams, who will turn 24 in October, saw limited playing time in his first two NBA seasons, partly due to injuries, but emerged as a regular contributor for Boston in 2020/21. In 52 games (18.9 MPG), including 13 starts, he averaged 8.0 points, 6.9 rebounds, and 1.8 blocks per contest. His impressive .721 FG% was right in line with his career rate (.720).

Despite only having appeared in 113 regular season games to date, Williams has flashed promise on both ends of the court and brings plenty of athleticism to the Celtics’ frontcourt.

As Wojnarowski notes, the new four-year deal will put the former Texas A&M standout in the top half of NBA centers by annual salary, but he has the potential to outplay it if he stays healthy and continues to improve.

The timing of the deal is interesting. Typically, players eligible for rookie scale extensions reach deals closer to the October deadline, unless they’re obvious max-salary players like Luka Doncic, Trae Young, and Shai Gilgeous-Alexander. Williams – the fourth player to receive a rookie scale extension in 2021 – is the first one of those four to agree to a deal worth less than the max.

The fact that the Celtics were willing to sign off on a new deal for Williams nearly two months ahead of the deadline suggests they were eager to get the young center locked up and were comfortable with the price point.

The extensions for Smart and Williams all but assure Boston will enter the 2022 offseason as an over-the-cap team, barring some major roster moves between now and then.

Pacers Sign DeJon Jarreau To Two-Way Deal

August 24th, 2021 at 4:14pm CST by Arthur Hill

August 24: The Pacers have made the two-way signing of Jarreau official, per a team press release. The club also confirmed that Brimah has been waived in a corresponding move.

August 21: Free agent guard DeJon Jarreau will sign a two-way contract with the Pacers, a source tells Scott Agness of Fieldhouse Files.

Jarreau had an impressive performance with the Heat‘s Summer League team and was considered a strong candidate to sign with Miami. However, it wasn’t clear if the Heat were planning a two-way or Exhibit 10 deal for Jarreau, so he intends to take the offer from Indiana.

Jarreau, 23, is coming off a Final Four season with Houston in which he was named Defensive Player of the Year in the American Athletic Conference and the Most Outstanding Player in the Midwest Regional. He joined the Heat after going undrafted and put up 11.6 points, 6.6 rebounds, 5.8 assists and 1.4 steals per game in Las Vegas.

The Pacers already have a two-way deal in place with rookie shooting guard Duane Washington, so Jarreau would fill the other slot. Amida Brimah technically holds that spot for now, but Indiana doesn’t intend to bring him back. A qualifying offer to Cassius Stanley, who played 24 games last season, was withdrawn last week. It would have amounted to another two-way contract with a $50K guarantee.