Transactions Rumors | Hoops Rumors

Bucks Sign Georgios Kalaitzakis To Three-Year Deal

August 11th, 2021 at 2:40pm CST by Luke Adams

2:40pm: Kalaitzakis‘ three-year, minimum-salary deal with the Bucks is currently 50% guaranteed ($462,629) in year one and will become 50% guaranteed ($781,759) for year two if he remains under contract through August 25, 2022, tweets Keith Smith of Spotrac.

12:44pm: The Bucks have officially signed Georgios Kalaitzakis, the last pick in this year’s draft, to his first NBA contract, the team announced today in a press release. According to Eric Nehm of The Athletic (Twitter link), it’s a three-year deal.

A 6’8″ guard/forward from Greece, Kalaitzakis has been under contract with Panathinaikos since 2016, having spent four seasons with the Greek club and one year on loan to Nevezis Kedainiai in Lithuania in 2019/20. The Pacers drafted the 22-year-old with the No. 60 pick on behalf of the Bucks, sending his rights to Milwaukee in a trade involving the No. 31 selection.

Assessing the pick on draft night, ESPN’s Jonathan Givony praised Kalaitzakis’ physical tools, positional versatility, and “terrific” frame, but cautioned that he’s an average decision-maker and shooter whose stock leveled off over the last couple years due to his lack of playing time for Panathinaikos. Kalaitzakis averaged just 2.6 PPG and 1.0 RPG in 27 Greek League and EuroLeague games in 2020/21.

Milwaukee used a portion of its mid-level exception to complete the signing, which allowed the team to offer Kalaitzakis more than just two years. The Bucks, who also used $4MM of their mid-level on George Hill, aren’t hard-capped because they haven’t spent more than the $5.89MM taxpayer portion of the MLE.

Unlike a veteran or undrafted free agent, Kalaitzakis will only count for about $926K for tax purposes, assuming he signed for the rookie minimum, which should help keep the Bucks’ year-end tax bill in check.

Pistons Re-Sign Rodney McGruder

August 11th, 2021 at 12:26pm CST by Eli Cohen

AUGUST 11: McGruder’s one-year deal is worth the veteran’s minimum and is fully guaranteed, tweets Michael Scotto of HoopsHype.

AUGUST 10: Free agent swingman Rodney McGruder has re-signed with the Pistons, according to NBA.com’s official transactions page. It’s a one-year deal, per RealGM’s transactions log.

McGruder came over to Detroit during the 2020 offseason in the trade that sent Luke Kennard to the Clippers. The 29-year-old only played 16 games for the rebuilding team, averaging 5.7 PPG, 1.4 RPG and 1.0 APG in 12.1 minutes a night. His inclusion on a rebuilding Pistons’ roster would likely be in large part to serve in a mentor role to the team’s many young players.

Financial details of McGruder’s deal aren’t yet known. However, the Pistons waived him on Friday to avoid having his $5MM salary for 2021/22 become guaranteed, so it’s a safe bet his new salary will come in below that number.

The Pistons are currently carrying 14 players on guaranteed contracts, not including McGruder, restricted free agent Hamidou Diallo, or the team’s unsigned second-round picks (Luka Garza and Balsa Koprivica). As such, McGruder’s new deal may not come with any assurances of a regular-season roster spot.

Like McGruder, Cory Joseph has also re-signed with the Pistons just days after being released by the team. His deal is official now too, per NBA.com.

Jazz Re-Sign Trent Forrest To Two-Way Contract

August 11th, 2021 at 11:42am CST by Luke Adams

Trent Forrest is back under contract with the Jazz on a new two-way contract, according to the official transactions log at NBA.com.

Forrest, 23, initially signed a two-way deal with Utah last November after going undrafted out of Florida State. The 6’4″ guard appeared in 30 games for the team as a rookie, averaging 2.9 PPG, 1.5 APG, and 1.5 RPG in 10.1 minutes per contest.

Prior to free agency, the Jazz issued qualifying offers to both of their two-way players, Forrest and Jarrell Brantley. Because Brantley had spent two seasons on a two-way contract with Utah, his qualifying offer – which he accepted – was equivalent to a one-year, minimum-salary deal with a partial guarantee. Forrest’s was for another two-way deal, so it’s possible he just accepted that QO rather than negotiating a new two-way agreement.

As our two-way contract tracker shows, the Jazz still have one open two-way slot with Forrest back in the fold.

Knicks Officially Sign Kemba Walker

August 11th, 2021 at 10:55am CST by Luke Adams

10:55am: Walker’s new deal is worth $18MM over two years, sources tell Mike Vorkunov and Shams Charania of The Athletic (Twitter link).

9:40am: The Knicks have officially signed free agent point guard Kemba Walker, the team announced today in a press release. It’s a homecoming for Walker, who was born and raised in the Bronx.

“We are beyond thrilled to bring native New Yorker Kemba Walker back to the city he’s proud to call home. He’s a tremendous talent whose skill and leadership will be a huge addition to our organization,” Knicks president of basketball operations Leon Rose said in a statement. “We’ve already seen how well he performs on The Garden stage and can’t wait to witness it on a nightly basis in front of his family, friends, and the best fans in the league.”

Word first broke last Wednesday that Walker had agreed to a buyout with the Thunder and was planning to sign with the Knicks. Oklahoma City officially placed the Walker on waivers on Friday after the two sides finalized a buyout agreement that saw the 31-year-old give up $20MM of the $73MM+ left on his contract.

Walker’s new deal with the Knicks is expected to cover two seasons and be worth about $8-9MM annually, as reported last week by Ryan McDonough of NBC Sports Boston (Twitter link).

Walker, who was traded from Boston to Oklahoma City in June, was limited to 43 games for the Celtics in 2020/21 due to knee issues, but put up strong numbers in the games he played, averaging 19.3 PPG, 4.9 APG, and 4.0 RPG on .420/.360/.899 shooting in 31.8 minutes per contest.

The four-time All-Star will join a Knicks backcourt that also features Derrick Rose, Immanuel Quickley, Alec Burks, and second-round pick Miles McBride.

New York has been a little slower than some teams in finalizing the free agent deals it agreed to during the moratorium — the order of operations is crucial for the Knicks, who are completing most of their signings using cap space. The team officially completed Nerlens Noel‘s deal on Tuesday and have now finalized Walker’s too. The others – including Rose, Burks, and Evan Fournier – will likely be announced soon.

Magic Sign Ignas Brazdeikis To Two-Way Deal

August 10th, 2021 at 9:44pm CST by Eli Cohen

AUGUST 11: The Magic have officially announced that they’ve inked Brazdeikis to a two-way contract, per a press release (Twitter link).

AUGUST 10: The Magic plan on signing Ignas Brazdeikis to a two-way contract, reports Josh Robbins of The Athletic.

The 6’6 lefty was originally drafted with the 47th pick by the Knicks during the 2019 draft, but failed to crack New York’s rotation before being traded in a three-team deal that sent George Hill to the Sixers and two second-round picks to the Knicks.

Despite his difficulty carving out a spot in either New York or Philadelphia, Brazdeikis has a versatile offensive game and a propensity for making big shots going back to his time at Michigan. The 22-year-old wing played eight games at the end of last season for the Magic after being waived by the Sixers, and averaged 11.1 PPG, 5.1 RPG and 2.0 APG while shooting 40.7% from three.

As per the rules on two-way contracts, Brazdeikis will be limited to a maximum of 50 games with Orlando, and will likely spend some time with the team’s G League affiliate, the Lakeland Magic. He should help shore up Orlando’s wing depth during his time in the NBA.

Brazdeikis is the first reported two-way signing for the Magic in 2021/22, so the team still has another slot to fill.

Pelicans Sign Trey Murphy III To Rookie Contract

August 10th, 2021 at 4:24pm CST by Eli Cohen

The Pelicans have officially signed No. 17 overall pick Trey Murphy III to his rookie scale contract, according to the team’s transactions page at NBA.com.

The 21-year-old wing, who was selected by the Pelicans after the team traded back from the 10th pick, was a highly-coveted prospect in the middle of the first round due to his combination of athleticism, size, defense, and shooting.

After transferring from Rice University to Virginia, Murphy averaged 11.3 PPG and 3.4 RPG while posting a hyper-efficient 43.3/50.3/92.7 shooting line. While there were questions about Murphy’s ability to create his own shot, the 6’9″ combo forward was a perfect fit for a Pelicans team desperate for shooting and defense.

Murphy had maybe the most impressive rookie debut of the Las Vegas Summer League on Monday, putting up 26 points, nine rebounds, two assists, and no turnovers while shooting six of nine from three, all in just over 27 minutes.

As our breakdown of 2021 rookie salaries shows, assuming he signs for 120% of his rookie scale amount, Murphy’s four-year contract should be worth about $14.8MM, with a first-year salary of $3.05MM.

Thunder Sign Jeremiah Robinson-Earl To Four-Year Deal

August 10th, 2021 at 4:03pm CST by Luke Adams

6:11pm: The Thunder’s deal with Robinson-Earl is now official, the club announced in a press release.

4:03pm: The Thunder and second-round pick Jeremiah Robinson-Earl have agreed to a four-year deal, according to Shams Charania of The Athletic (Twitter link).

Charania reports that the agreement is worth $8MM, which is a big number for a player picked in the second round. A four-year, minimum-salary deal for Robinson-Earl would be worth approximately $6.3MM, so it sounds like he’ll earn more than the minimum in at least the first and second years of the deal. It’s unclear how many of the four years will be fully guaranteed.

Robinson-Earl, a 6’9″ forward, averaged 15.7 PPG, 8.5 RPG, and 2.2 APG in 25 games (34.5 MPG) for Villanova as a sophomore in 2020/21, earning Big East co-Player of the Year honors.

Robinson-Earl was selected with the 32nd pick in the draft by the Knicks on behalf of the Thunder. Oklahoma City paid a significant price to move up two spots to nab the 20-year-old, sending New York the 34th and 36th overall picks in the deal.

Although the Thunder could open up a huge chunk of cap room by renouncing their various cap exceptions, it looks like they intend to operate as an over-the-cap team for the time being, which means Robinson-Earl will be signed using a portion of the club’s mid-level exception.

Wizards Sign Jay Huff To Exhibit 10 Contract

August 10th, 2021 at 3:44pm CST by Luke Adams

The Wizards have officially signed undrafted rookie free agent Jay Huff to a one-year contract, according to RealGM’s transactions log. Fred Katz of The Athletic previously reported that the deal will be a non-guaranteed Exhibit 10 contract.

A 7’1″ forward/center, Huff spent his college career at Virginia and was a full-time starter for the first time as a senior in 2020/21. He averaged 13.0 PPG, 7.1 RPG, and 2.6 BPG with a stellar .585/.387/.837 shooting line in 25 games (27.0 MPG).

Huff, who won a national title in 2019, made the All-ACC Second Team and the ACC All-Defensive Team in 2021.

Washington has also reportedly agreed to sign former Saint Louis guard Jordan Goodwin to an Exhibit 10, but there’s no indication that deal is official yet.

Hawks Sign Johnny Hamilton To Exhibit 10 Deal

August 10th, 2021 at 11:04am CST by Alex Kirschenbaum

11:04am: It’s an Exhibit 10 contract for Hamilton, according to Chris Kirschner of The Athletic, whose tweet indicates that the signing is finalized.

2:26am: The Hawks have agreed to a one-year deal with 27-year-old center Johnny Hamilton, per Emiliano Carchia of Sportando. Terms of the contract have yet to be disclosed.

The seven-footer most recently suited up for both EuroLeague club Fenerbahçe and Adriatic Basketball Association club KK Mornar Bar during the 2020/21 season.

After going undrafted out of UT Arlington in 2018, Hamilton played for the Pistons’ then-G League affiliate, the Grand Rapids Drive, for the 2018/19 season. Hamilton averaged 11.2 PPG, 8.7 RPG and 2.4 BPG across 49 games with Grand Rapids.

Following his tenure in the G League, Hamilton next traveled overseas. He first played with Turkish Basketball Super League club Darüşşafaka during the 2019/20 season before joining Fenerbahçe in 2020.

Wizards Sign Isaiah Todd To Four-Year Deal

August 10th, 2021 at 10:46am CST by Luke Adams

AUGUST 11: Todd’s deal is now official, according to NBA.com’s transactions log.

AUGUST 10: The Wizards have reached an agreement with No. 31 overall pick Isaiah Todd on a four-year contract, agents Wallace Prather and Steve Haney tell Shams Charania of The Athletic (Twitter link). According to Charania, Todd’s four-year deal will be worth $7MM and will include three guaranteed seasons.

As our chart of multiyear minimum-salary contract values shows, a four-year minimum deal for a rookie would be worth about $6.3MM, so it sounds like Todd’s first-year salary will be higher than the minimum. Washington will complete the signing using a portion of the team’s mid-level exception, which allows the club to offer up to four years.

[RELATED: 2021 NBA Draft Pick Signings]

Todd, 19, was one of the prospects who opted to join the G League Ignite for the 2020/21 season rather than playing for a college program or going overseas. While he was overshadowed to some extent by teammates Jalen Green and Jonathan Kuminga, Todd posted solid numbers in his first professional season, averaging 12.3 PPG and 4.9 RPG on .437/.362/.824 shooting in 25 games (24.4 MPG).

The 6’10” forward, who was the first player drafted in the second round, was technically selected by the Bucks on draft night on behalf of the Wizards. Milwaukee traded his rights to the Pacers, who subsequently flipped them to Washington in the five-team Russell Westbrook/Spencer Dinwiddie trade.