Transactions Rumors | Hoops Rumors

Suns Sign Elfrid Payton To One-Year Deal

August 9th, 2021 at 7:42pm CST by Dana Gauruder

AUGUST 10: The Suns have officially signed Payton, the team announced today (via Twitter).

AUGUST 9: Payton and the Suns have agreed to terms on a one-year contract, per Shams Charania of The Athletic (via Twitter). Gambadoro (Twitter link) confirms that the deal is for a veteran’s minimum salary, as he previously reported.

AUGUST 5: The Suns are close to an agreement on a one-year contract with free agent guard Elfrid Payton, Alex Kennedy of Basketball News tweets.

Evan Sidery of Basketball News broke the news on the Suns’ negotiations with Payton (Twitter link), while John Gambadoro of Arizona Sports 98.7 confirms (via Twitter) that the club has made a one-year, minimum-salary offer.

If the contract is finalized, Payton would be signing up for a second stint with the organization. He played 18 games with Phoenix during the 2017/18 season.

Payton started 63 games with the Knicks this past season but his production declined after the All-Star break and he was benched during the first-round playoff series against Atlanta. Payton averaged 10.1 PPG and 3.2 APG in 23.6 MPG during the regular season.

The Western Conference champions have reached agreements with their top two point guards, Chris Paul and Cameron Payne, so Payton would slot in as a third-stringer behind that duo if the two sides finalize a deal.

Mavs Add Sterling Brown, Re-Sign Boban Marjanović

August 9th, 2021 at 6:14pm CST by Alex Kirschenbaum

AUGUST 9: The signings of both Brown and Marjanović are now official, per NBA.com’s transactions log. Marjanović’s new contract with Dallas is worth $7MM over two years, reports Michael Scotto of HoopsHype (Twitter link).

AUGUST 2: The Mavericks are set to make a pair of bench signings as free agency begins in earnest.

As had been rumored, the Mavericks are opting to bring back center Boban Marjanović this summer. Shams Charania of The Athletic tweets that Dallas will be re-signing the reserve big man.

Tim MacMahon of ESPN reports (via Twitter) that the 7’4″ Marjanović will be signed to a one-year deal with the Mavericks, his third full season with the team. Dallas initially signed the big man to a two-year, $7MM deal in the 2019 offseason. The club will thus have the 32-year-old’s full Bird rights next summer, following three full seasons of service.

Marjanović made a big impact in limited this season, averaging 4.7 PPG and 3.9 RPG in just 8.2 MPG across 33 contests.

Charania also reports (via Twitter) that the Mavericks will also be signing a new addition, free agent guard Sterling Brown. Brown, 26, was most recently a reserve contributor for another Texas club, the Rockets, for the duration of the 2020/21 season.

Brown averaged 8.2 PPG, 4.4 RPG, and 1.4 APG in 51 games for the rebuilding Rockets, with a solid shooting line of .448/.423/.806.

Brown’s agent Mark Bartelstein has indicated that the 6’5″ vet will sign a two-year, $6.2MM contract with the club, per Marc Stein of Substack (via Twitter). There is no word as to whether both seasons will be guaranteed in the deal.

Photo courtesy of USA Today Sports.

Mavs Sign Tim Hardaway Jr. To Four-Year Deal

August 9th, 2021 at 4:25pm CST by Dana Gauruder

AUGUST 9: The Mavericks have officially re-signed Hardaway, the team announced today in a press release. Bartelstein tells Stein (Twitter link) that the total value of THJ’s four-year deal came in at $75MM.

Tim MacMahon of ESPN reports (via Twitter) that Hardaway’s new contract will decline in value across each of its four seasons. Hardaway will earn $21.3MM during the first year of the agreement, 2021/22, and that number will eventually dip to $16.2MM for Hardaway’s age-32 season, 2024/25.

AUGUST 2: The Mavericks and their top free agent, guard Tim Hardaway Jr., have agreed to a four-year, $72MM contract, Shams Charania of The Athletic tweets.

Agent Mark Bartelstein tells ESPN’s Adrian Wojnarowski (Twitter link) that the actual value is $74MM, so we may have to wait to see the official terms once it’s finalized. Marc Stein of Substack (Twitter link) first reported that the Mavs were expected to re-sign the veteran wing.

Hardaway is one of the top unrestricted free agents on the market and Dallas prioritized bringing back one of its primary offensive threats.

Hardaway, 29, averaged 16.6 PPG, 3.3 RPG and 1.8 APG last season while shooting 39.1% from the field. He also excelled in the postseason, then said after the season he was hoping he could work out a deal with his current club.

“If you were to talk to anybody in this organization and anybody that’s around me, they will definitely say that I love it here,” Hardaway said.

Hardaway’s four-year, $71MM deal he signed with the Knicks in 2017 expired at the end of the season.

Clippers Sign Jason Preston To Multiyear Deal

August 9th, 2021 at 12:32pm CST by Luke Adams

The Clippers have signed second-round pick Jason Preston, the team announced today in a press release. While the team didn’t disclose the terms of the contract, Andrew Greif of The Los Angeles Times (Twitter link) hears from a source that the deal includes two guaranteed seasons with a team option on year three.

It sounds like it’ll be the same as – or very similar to – Brandon Boston Jr.‘s new deal with the Clippers, which was also confirmed today by the team. Both signings were completed using a leftover portion of the club’s taxpayer mid-level exception in order to add the third year.

The Clippers sent a future second-round pick and cash to Orlando on draft night in order to secure the No. 33 pick and select Preston. The 6’4″ guard (and former basketball blogger) played his college ball at Ohio, filling up the box score with 15.7 PPG, 7.3 APG, 7.3 RPG, and 1.5 SPG on .514/.390/.596 shooting in 20 games (34.6 MPG) as a junior in 2020/21.

Interestingly, the Clippers now project to have 16 players on fully guaranteed salaries once Kawhi Leonard, Reggie Jackson, and Nicolas Batum officially sign their new deals. Since 15 is the regular season limit, a player with a guaranteed contract will have to be traded or cut before the regular season begins. It also doesn’t look like there will be room for Yogi Ferrell, who is on a non-guaranteed deal.

Kings Sign Neemias Queta To Two-Way Contract

August 8th, 2021 at 11:55pm CST by Luke Adams

Neemias Queta, the 39th overall pick in July’s NBA draft, has officially signed a two-way contract with the Kings, the club announced today in a press release.

Queta, 22, played his college ball at Utah State. As a junior in 2020/21, the young center averaged a double-double (14.9 PPG, 10.1 RPG) with an impressive 3.3 blocks per game in 29 contests (30.0 MPG).

The Kings carried over Louis King as a two-way player from last season, so King and Queta will occupy the team’s two-way contract slots.

Sacramento is currently carrying 12 players on guaranteed contracts, three players on non-guaranteed deals, and two on two-way pacts, for a total of 17. That number will increase to 20 (the offseason limit) if and when the Kings complete their previously-reported deals with Alex Len, Matt Coleman, and DJ Steward.

Bulls Acquire Lonzo Ball Via Sign-And-Trade

August 8th, 2021 at 11:07pm CST by Luke Adams

AUGUST 8: The Bulls have officially acquired Ball, the team announced late on Sunday night in a press release. As expected, the Pelicans acquired Satoransky, Temple, and a future second-round pick in the deal. The future second-rounder is Chicago’s 2024 selection, and New Orleans also received cash considerations.

This transaction continues to be investigated by the NBA due to possible “gun-jumping,” since it’s a complicated sign-and-trade deal that was reported as being done the minute that free agency opened on Monday.

The Pelicans and especially the Bulls may face discipline from the league based on that investigation’s findings. However, the fact that the trade was processed while the probe is ongoing is another sign the NBA isn’t going to disallow it.

Due to base year compensation rules affecting Ball’s new contract, neither the Bulls nor the Pelicans will create a trade exception in the deal.

AUGUST 2: The Bulls and point guard Lonzo Ball have agreed to a four-year, $85MM deal, Klutch Sports CEO Rich Paul tells Shams Charania of The Athletic (Twitter link). The contract will include a fourth-year player option, according to Michael Scotto of HoopsHype (Twitter link).

Ball is a restricted free agent, but the Bulls and Pelicans will work out a sign-and-trade to get him to Chicago, Paul tells ESPN’s Adrian Wojnarowski (Twitter link).

The Pelicans will receive Tomas Satoransky, Garrett Temple, and a second-round pick from the Bulls in the sign-and-trade agreement, according to Charania (Twitter link).

Temple is a free agent, so he’ll be signed-and-traded as well. He’s getting a three-year contract with the first two years guaranteed, according to David Aldridge of The Athletic, who adds that the deal is expected to be worth about $5MM per year (Twitter links).

It’s a major coup for the Bulls, who have been linked to Ball for the last several months. The team reportedly discussed a trade with the Pelicans at the deadline, but couldn’t reach a deal to land Ball at the time. Now, Chicago is in position to add the former No. 2 overall pick to a starting lineup led by Zach LaVine and Nikola Vucevic.

Ball, 23, had arguably the best season of his career in 2020/21, averaging 14.6 PPG, 5.7 APG, and 4.8 RPG in 55 games (31.8 MPG) and improving his shooting numbers to .414/.378/.781.

His deal is right in line with the four-year deals signed by fellow point guards Fred VanVleet and Malcolm Brogdon in recent free agencies.

While Pelicans stars Zion Williamson and Brandon Ingram expressed a desire to continue playing with Ball, the team’s front office never seemed sold on the idea of making him a long-term cornerstone. Adding Satoransky will give New Orleans some depth at the point, though the team will likely remain in the hunt for another point guard in free agency.

Clippers Sign Brandon Boston Jr. To Multiyear Deal

August 8th, 2021 at 10:53pm CST by Luke Adams

AUGUST 9: Boston’s deal is now official, according to an announcement from the Clippers.

AUGUST 8: The Clippers are signing rookie wing Brandon Boston Jr. to a multiyear deal, according to Shams Charania of The Athletic, who reports (via Twitter) that Boston will get two guaranteed years with a third-year team option.

In his single college season at Kentucky, Boston averaged 11.5 PPG, 4.5 RPG, and 1.6 APG on .355/.300/.785 shooting in 25 games (30.4 MPG) for the Wildcats. The 19-year-old is considered a raw prospect who is still adding bulk to his slender frame.

The Grizzlies technically selected Boston with the No. 51 pick on draft night, but by that point the selection had already been part of two trades agreed to before or during the draft. It was sent to the Pelicans as part of a bigger deal earlier in the week and then flipped to the Clippers for cash on draft night.

The Clippers’ willingness to buy their way back into the draft in order to nab Boston – and their willingness to give him two guaranteed years – signals how highly they regard him. According to Keith Smith of Spotrac (via Twitter), Boston’s $2.5MM in guaranteed money will be the most ever for a player drafted in the 50s who wasn’t stashed overseas before coming to the NBA.

Los Angeles will use a portion of its $5.9MM taxpayer mid-level exception to complete the signing. ESPN’s Bobby Marks reported on Instagram on Sunday that Justise Winslow got about $3.9MM of that exception, which leaves more than enough wiggle room to accommodate Boston’s first-year salary.

Grizzlies Sign Ziaire Williams, Santi Aldama To Rookie Deals

August 8th, 2021 at 10:09pm CST by Luke Adams

The Grizzlies‘ two first-round picks, forward Ziaire Williams and forward/center Santi Aldama, have officially signed their rookie contracts, the team announced today in a press release.

Williams, who spent a single season at Stanford before declaring for the draft, was the 10th overall pick on July 29. Memphis acquired the selection as part of the Jonas Valanciunas/Eric Bledsoe/Steven Adams deal with New Orleans, moving up from No. 17 in order to secure Williams.

Aldama, meanwhile, was the 30th overall pick in this year’s draft. The Grizzlies packaged the No. 40 selection with two future second-rounders in a deal with Utah in order to move up to the end of the first round to draft the 6’11” Spaniard, who played his college ball at Loyola (Maryland).

Assuming they both received the maximum allowable 120% of the rookie scale (which nearly all first-round picks do), Williams will earn $4.37MM in his first NBA season, while Aldama will make $1.99MM.

The Grizzlies now have 15 players on guaranteed contracts, meaning most of their offseason business is probably done. The team does still have one two-way slot open, with a two-way qualifying offer out to Killian Tillie.

Raptors Sign David Johnson To Two-Way Contract

August 8th, 2021 at 9:35pm CST by Luke Adams

The Raptors issued a press release on Sunday night announcing that they’ve signed former Louisville guard David Johnson to a two-way contract.

Johnson, the 47th overall pick in July’s draft, played college ball for the Cardinals for two years before declaring for the draft following his sophomore season. In 19 games (35.1 MPG) in 2020/21, he put up 12.6 PPG, 5.8 RPG, and 3.2 APG with a .411/.386/.700 shooting line.

The Raptors previously signed undrafted free agent Justin Champagnie to a two-way contract, so both of the team’s two-way slots have now been filled.

No. 46 pick Dalano Banton is the only one of Toronto’s three 2021 draft picks who remains unsigned, as Scottie Barnes finalized his rookie deal earlier today. The Raptors still project to have some openings on their 15-man regular season roster, so Banton seems likely to sign a standard multiyear contract at some point.

Nets Sign David Duke Jr.

August 8th, 2021 at 8:26pm CST by Luke Adams

The Nets have officially signed undrafted rookie guard David Duke Jr. to a contract, the team announced today in a press release. Duke first announced on Twitter shortly after the draft ended that he’d be joining Brooklyn — it appears it’ll be for more than just Summer League.

Duke, who declared for the draft following his junior season at Providence, averaged 16.8 PPG, 6.3 RPG, and 4.8 APG on .387/.389/.792 shooting in 26 games (37.1 MPG) in 2020/21.

The terms of Duke’s contract aren’t yet known, but it seems likely to be a training camp deal that includes Exhibit 10 language. Exhibit 10 contracts, which can be converted into standard or two-way deals, give players the opportunity to earn bonuses worth up to $50K if they end up joining the club’s G League affiliate after being cut.

The Nets now have 14 players under contract, with that total set to rise to 16 once Blake Griffin and Patty Mills officially sign. Three of Brooklyn’s second-round picks also remain unsigned, and the team has a two-way qualifying offer out to Reggie Perry.