Transactions Rumors | Hoops Rumors

Magic Re-Sign Trevelin Queen On Two-Way Deal

July 5th, 2024 at 5:53pm CST by Luke Adams

JULY 5: Queen’s deal is done, according to the NBA’s official transaction log.

JULY 4: The Magic will bring back free agent guard Trevelin Queen on a two-way contract, league sources tell Chris Haynes of TNT and Bleacher Report (Twitter link).

Queen, 27, has spent much of his time in the G League since going undrafted out of New Mexico State in 2020, though he has also had stints with Houston, Indiana, and Orlando at the NBA level. He appeared in 14 NBA games while on a two-way deal with the Magic in 2023/24, averaging 2.9 points, 1.4 rebounds, and 1.3 assists in 11.8 minutes per night.

Although he’s been buried on NBA depth charts, Queen has been a star in the G League in recent years. He won both the regular season and Finals MVP awards in 2022 and made the All-NBAGL Second Team in 2024 in addition to earning MVP honors in this year’s G League Next Up Game at All-Star weekend. In 35 total games for the Osceola Magic this past season, he put up 23.2 PPG, 7.3 RPG, 5.0 APG, and 2.4 SPG with a .493/.313/.816 shooting line.

Queen received a two-way qualifying offer from the Magic last week to make him a restricted free agent, so in all likelihood, he’ll simply accept that offer.

Orlando will still have a pair of two-way open slots after officially signing Queen. Admiral Schofield and Kevon Harris were their other two-way players last season, but Schofield signed a deal with a French team and Harris is an unrestricted free agent.

Clippers Sign Cam Christie To Four-Year Deal

July 5th, 2024 at 4:08pm CST by Rory Maher

4:08pm: Christie has officially signed with the Clippers, per NBA.com’s transaction log.

10:34am: The Clippers plan to sign second-rounder Cam Christie to a four-year, $7.9MM contract, sources tell Michael Scotto of HoopsHype (Twitter link).

The 46th overall pick of June’s draft, Christie was one of the youngest players selected, as he won’t turn 19 until later this month. He averaged 11.3 points, 3.6 rebounds and 2.2 assists while shooting 39.1% from three-point range in his lone college season at Minnesota (33 games, 30.1 minutes per contest).

The Clips will be using the second-round pick exception to sign the 6’5″ guard, with the fourth year being a team option. Based on the reported terms, Christie will almost certainly receive a rookie minimum — a four-year, minimum-salary deal for a rookie would work out to $7,895,796.

Christie is the younger brother of guard Max Christie, who agreed to a four-year, $32MM deal to return to the Lakers.

Bucks Sign AJ Johnson To Rookie Contract

July 5th, 2024 at 3:57pm CST by Luke Adams

JULY 7: Johnson’s contract with the Bucks will pay him approximately 114% of the standard rookie scale amount in the first season of the deal, a notch below the 120% max allowed, per Keith Smith of Spotrac (Twitter link). He’ll make $2,795,294 instead of $2,943,120, netting the Bucks nearly $150K in savings.

JULY 5: Bucks rookie AJ Johnson has officially signed his first NBA contract, according to the NBA’s transaction log.

A 6’5″ guard, Johnson was born and raised in California but opted against playing college basketball stateside. He spent the 2023/24 season in Australia’s National Basketball League, playing for the Illawarra Hawks as part of the NBL’s Next Stars program.

Johnson’s playing time was limited as a Hawk — he logged just 7.9 minutes per game across 25 contests, with averages of 2.8 points and 1.3 rebounds and a shooting line of .355/.286/.538. However, he had a strong showing at the draft combine, intriguing teams within his athleticism, and is viewed as a player with plenty of upside. He won’t turn 19 until December, making him one of the NBA’s youngest players heading into next season.

As the No. 23 pick in the draft, Johnson will have a first-year salary of about $2.94MM and a four-year total of approximately $14.76MM if he signed for the maximum allowable 120% of the rookie scale. While that has yet to be confirmed, it’s rare for a player to sign for less than 120%.

Half of this year’s 30 first-round picks have now formally signed their rookie scale contracts, as our tracker shows.

Pacers Sign James Wiseman To Two-Year Contract

July 5th, 2024 at 3:23pm CST by Luke Adams

JULY 5: The Pacers have officially signed Wiseman, according to the NBA’s transaction log.

The fact that the deal is official during the July moratorium is confirmation that it’s a minimum-salary contract. It’s partially guaranteed in year one, with a second-year team option, tweets Tony East of SI.com.

JULY 2: Former No. 2 overall pick James Wiseman is headed to Indiana, according to Adrian Wojnarowski of ESPN, who reports (via Twitter) that the Pacers and the free agent center have reached an agreement on a two-year deal.

Wiseman, 23, was selected by the Warriors one pick after Anthony Edwards and one pick before LaMelo Ball in the 2020 draft. However, he struggled to find his fit on Golden State’s veteran roster, then missed his entire 2021/22 second season due to a knee injury, which slowed his development.

The big man was traded to Detroit midway through his third season in 2023 and has spent the last season-and-a-half with the Pistons. In 2023/24, he appeared in 63 games (six starts), averaging 7.1 points, 5.3 rebounds, and 0.6 blocks in 17.3 minutes per night.

When Wiseman failed to meet the “starter criteria” entering his free agency, the value of his qualifying offer dropped from $15.8MM to about $7.7MM, but the Pistons still opted against tendering him a QO. That gave him the ability to sign with any team as an unrestricted free agent.

Wiseman will join a Pacers team coming off a trip to the Eastern Conference finals. He figures to slot in behind starting center Myles Turner and backup Isaiah Jackson on the depth chart this fall, vying with Jackson for rotation minutes and giving Indiana some additional depth at the five following the departure of Jalen Smith to Chicago.

While Wojnarowski’s report doesn’t provide any details on Wiseman’s salary, a minimum deal seems likely, given the Pacers’ proximity to the luxury tax. Indiana technically has the mid-level and bi-annual exception available, but using the full BAE or a chunk of the MLE would push team salary over the tax line and could create a hard cap at the first apron.

Jazz Sign Taevion Kinsey To Two-Way Contract

July 5th, 2024 at 3:22pm CST by Rory Maher

3:22pm: Kinsey has officially signed his two-way contract, according to the NBA’s transaction log. It’s a two-year deal, Hoops Rumors has learned.

8:08am: Free agent guard Taevion Kinsey has agreed to a two-way contract with the Jazz, sources tell Shams Charania of The Athletic and Stadium (Twitter link).

Kinsey, 24, went undrafted in 2023 after playing five college seasons at Marshall. As a “super senior” for the Thundering Herd in 2022/23, he averaged 22.1 PPG, 5.4 APG, 4.9 RPG and 1.7 SPG on .542/.404/.744 shooting in 32 games (37.8 MPG), earning Sun Belt Player of the Year for his efforts.

A 6’5″ wing, Kinsey signed a training camp deal with Utah last summer and was waived in October before the ’23/24 season began. He wound up signing a 10-day contract with the Jazz in March, but he didn’t appear in a game.

Kinsey spent the grand majority of his first pro season playing for the Jazz’s NBA G League affiliate, the Salt Lake City Stars. In 50 Showcase Cup and regular season games with the Stars (29.6 MPG), he averaged 10.8 PPG, 3.2 RPG and 2.1 APG while posting a strong shooting line of .555/.427/.780.

Raptors Re-Sign Garrett Temple

July 5th, 2024 at 2:57pm CST by Luke Adams

July 5: Temple’s minimum-salary contract is official, according to the transactions log at NBA.com.

July 1: Veteran swingman Garrett Temple is returning to the Raptors for the 2024/25 season, according to Adrian Wojnarowski of ESPN, who reports (via Twitter) that it’ll be a one-year deal for Temple.

While Wojnarowski’s report doesn’t provide any additional details on the agreement, it would be surprising if Temple signs for a salary higher than the veteran’s minimum.

Temple, 38, played for 11 teams across 13 NBA seasons before joining Toronto as a free agent last summer. He played sparingly for the Raptors, averaging 3.3 points, 1.7 rebounds, and 1.0 assists in 10.7 minutes per game across 27 appearances.

While Temple’s on-court contributions were modest, he was an “important voice in the locker room” for the young Raptors, says Josh Lewenberg of TSN.ca (Twitter links). With the club seemingly prepared to get even younger after drafting four prospects last week, Temple’s role behind the scenes will be “essential,” Lewenberg adds.

Over the course of his 14-year NBA career, Temple has averaged 6.1 PPG, 2.3 RPG, and 1.7 APG in 743 regular season games. He serves as a vice president on the National Basketball Players Association.

Pacers, Keisei Tominaga Agree To Exhibit 10 Deal

July 5th, 2024 at 6:56am CST by Luke Adams

Undrafted Japanese guard Keisei Tominaga has agreed to join the Pacers on an Exhibit 10 contract, reports Jonathan Givony of ESPN (Twitter link).

Tominaga, who initially declared for the draft in 2023 before returning to Nebraska for his “super-senior” season, averaged 15.1 points, 2.3 rebounds, and 1.4 assists in 26.1 minutes per game across 32 outings (all starts) for the Cornhuskers in 2023/24. A strong outside shooter, he made 37.6% of 6.3 three-point attempts per contest after knocking down 40.0% of his threes a year earlier.

An Exhibit 10 contract is a non-guaranteed minimum-salary deal that doesn’t count against a team’s cap unless the player makes the regular season roster. It can be converted to a two-way contract before the season begins or can put a player in line to earn a bonus of up to $77.5K if he’s waived and then spends at least 60 days with his team’s G League affiliate.

Tominaga is the second undrafted rookie to reach an agreement on an Exhibit 10 deal with the Pacers — they’re also bringing aboard Tennessee’s Josiah-Jordan James.

Raptors Announce Several Signings, Including First-Rounder Walter

July 4th, 2024 at 2:36pm CST by Luke Adams

The Raptors have announced a series of signings, confirming in a pair of press releases that they’ve signed second-round picks Jonathan Mogbo and Jamal Shead to standard contracts and undrafted free agent Branden Carlson to a two-way deal. Those agreements were all previously reported.

The team also announced that it has signed first-round pick Ja’Kobe Walter to his rookie scale contract.

The 6’5″ Walter was one of the top recruits in the nation heading into college. He made an immediate impact with the Bears as a freshman in 2023/24, starting all 35 games he played and averaging 14.5 points, 4.4 rebounds and 1.4 assists while shooting 37.6% from the field and 34.1% from three-point range. He was named Big 12 Freshman of the Year and earned third-team all-conference honors.

As the No. 19 pick in the draft, Walter figures to earn about $3.47MM salary as a rookie and $16.79MM across the entirety of his four-year contract. Those numbers assume he signed for 120% of the rookie scale amount, which almost every player does.

With Walter, Mogbo, and Shead all signed, the Raptors are up to 13 players on guaranteed standard contracts, with Immanuel Quickley and Garrett Temple expected to fill the 14th and 15th roster spots once their deals are official.

The team’s other draftee, No. 57 pick Ulrich Chomche, is considered likely to end up on a two-way deal, tweets Josh Lewenberg of TSN.ca. However, the team is still waiting to officially acquire Chomche and can’t complete that signing yet.

Knicks Sign Tyler Kolek To Four-Year Contract

July 4th, 2024 at 2:19pm CST by Rory Maher

The Knicks have signed rookie guard Tyler Kolek to a four-year, $9.06MM contract, a league source tells Fred Katz of The Athletic (Twitter link).

The transaction was completed using the second-round pick exception. Kolek will earn the maximum possible salary over the first three years, which are guaranteed, per Katz. The fourth year is a team option.

New York acquired the rights to Kolek, the 34th overall pick in last month’s draft, by trading three future second-rounders to Portland.

A 23-year-old point guard, Kolek had an impressive senior season for Marquette in 2023/24, averaging 15.3 PPG, 4.9 RPG, 7.7 APG and 1.2 SPG on .496/.388/.851 shooting in 31 games (33.0 MPG).

Sixers Sign Jared McCain To Rookie Scale Contract

July 4th, 2024 at 2:15pm CST by Luke Adams

The Sixers have officially signed first-round pick Jared McCain to his first NBA contract, the team announced today in a press release.

The 16th overall pick last Wednesday, McCain declared for the draft as an early entrant following his freshman year at Duke. In 36 games (all starts), he averaged 14.3 points, 5.0 rebounds, 1.9 assists, and 1.1 steals in 31.6 minutes per contest, with a shooting line of .462/.414/.885.

Assuming McCain signed for the maximum allowable 120% of the rookie scale amount for the No. 16 pick, he’ll earn about $4.02MM as a rookie and $19.45MM across a total of four seasons, assuming his third- and fourth-year options are eventually exercised.

Signing McCain before completing their other roster moves doesn’t affect Philadelphia’s cap room, since the team already had to account for a cap hold for the 6’3″ guard equivalent to 120% of his rookie scale amount.