Transactions Rumors | Hoops Rumors

Jazz Sign, Waive Justin Lewis

October 16th, 2024 at 12:03pm CST by Dana Gauruder

OCTOBER 16: The Jazz, as expected, have waived Lewis, the team officially announced on Wednesday.

OCTOBER 13: The Jazz have signed forward Justin Lewis, according to a team press release.

It’s an Exhibit 10 contract, so the plan is for Lewis to be waived and then rejoin the Salt Lake City Stars, Andy Larsen of the Salt Lake City Tribune tweets.

Lewis appeared in 29 NBA G League regular season games during the 2023/24 season for the Stars, averaging 5.2 points and 3.2 rebounds in 14.3 minutes per contest. Lewis previously spent portions of the 2022/23 and 2023/24 seasons on a two-way contract with the Bulls. Chicago waived him in December.

The Baltimore native played two collegiate seasons at Marquette (2020-22).

Lewis will be eligible of a bonus worth up to $77.5K if he spends at least 60 days with the Stars.

Grizzlies Sign David Johnson

October 16th, 2024 at 11:02am CST by Luke Adams

The Grizzlies have signed free agent guard David Johnson, the team announced today in a press release (Twitter link). Memphis had an opening on its 21-man preseason roster, so no corresponding transaction was necessary to make room for Johnson.

The 47th overall pick in the 2021 draft out of Louisville, Johnson appeared in just two NBA games with Toronto as a rookie and has spent most of his three professional seasons in the G League, first with the Raptors 905 and then last season with the Memphis Hustle.

Johnson had his best season in 2023/24 for the Grizzlies’ NBAGL affiliate, averaging 17.0 points, 4.7 rebounds, and 3.8 assists in just 26.6 minutes per game across 24 appearances (nine starts). He converted 35.4% of 8.3 three-point attempts per contest.

Johnson also represented Team USA in the 3×3 U23 World Cup last month — he was one of the leading scorers in the FIBA tournament for the U.S. team that fell to the Germans in the gold medal game.

Given that Memphis still controls Johnson’s G League rights, it’s highly likely that the plan is for the Grizzlies to waive him in the coming days so that he can head back to the NBAGL and earn an Exhibit 10 bonus worth up to $77.5K for spending at least 60 days with the Hustle.

Thunder Sign Buddy Boeheim, Cut Alex Reese

October 16th, 2024 at 10:14am CST by Luke Adams

The Thunder have made a pair of roster moves, announcing today that they’ve signed forward Buddy Boeheim and waived forward Alex Reese. Oklahoma City is still carrying 20 players on its preseason roster, one below the limit.

The Thunder and Boeheim agreed to terms on an Exhibit 10 contract all the way back at the start of July, just a couple days after he was waived by the Pistons.

The son of longtime Syracuse coach Jim Boeheim, Buddy spent most of the 2023/24 season with the Motor City Cruise, Detroit’s G League affiliate, before being promoted to the Pistons on a two-way contract in February.

The younger Boeheim made just 10 NBA appearances last season and saw limited minutes, but played a significant role for the Cruise, averaging 15.6 points, 3.4 rebounds, and 1.5 assists in 26.8 minutes per game across 47 Showcase Cup and regular season outings. He made an impressive 41.9% of 8.0 three-point tries per game while also knocking down 86.0% of his free throws.

The Oklahoma City Blue – the Thunder’s G League affiliate – acquired Boeheim’s returning rights in a trade with the Cruise this offseason, so it appears the plan is to waive him before the NBA season begins and have him report to the Blue. That also figures to be the next step for Reese. Both players will earn Exhibit 10 bonuses worth up to $77.5K if they spend at least 60 days with OKC’s NBAGL team.

Hawks Sign, Waive Jarkel Joiner

October 16th, 2024 at 10:02am CST by Luke Adams

OCTOBER 16: As expected, the Hawks have waived Joiner, the team confirmed today in a press release. As detailed below, he’s now on track to earn an Exhibit 10 bonus (worth as much as $77.5K) if he rejoins the College Park Skyhawks and spends at least 60 days with the G League squad.

OCTOBER 15: The Hawks have reached the 21-man preseason roster limit by signing guard Jarkel Joiner to an Exhibit 10 contract, tweets Lauren Williams of The Atlanta Journal-Constitution.

It’s the second straight year in which Joiner has signed an Exhibit 10 deal with the Hawks. He joined the team for training camp last fall after going undrafted out of NC State in 2023, then was waived before the season began and spent his rookie year with the College Park Skyhawks, Atlanta’s G League affiliate.

Appearing in a total of 46 Showcase Cup and regular season games for the Skyhawks last season, Joiner averaged 9.9 points, 4.0 assists, and 2.9 rebounds in 26.9 minutes per game. The 6’1″ guard posted a shooting line of .437/.305/.793.

Joiner has also played for the Hawks’ Summer League team in Las Vegas in each of the past two years.

In all likelihood, the Hawks intend to have Joiner rejoin their NBAGL team this season, in which case they’ll waive him from the NBA roster before opening night. His Exhibit 10 contract will ensure he earns a bonus worth a maximum of $77.5K as long as he spends at least 60 days with the Skyhawks.

Pistons Waive Tosan Evbuomwan

October 16th, 2024 at 8:52am CST by Luke Adams

The Pistons have waived second-year forward Tosan Evbuomwan, reports Tim Bontemps of ESPN (Twitter link).

Evbuomwan had been on a two-way contract, so his release leaves Detroit with a pair of two-way openings. Daniss Jenkins is the only two-way player left on the roster.

After going undrafted out of Princeton in 2023, Evbuomwan spent his rookie season primarily with the Motor City Cruise, Detroit’s G League affiliate, though he signed 10-day contracts with the Grizzlies and Pistons midway through the year and then earned a two-way deal from the Pistons in February. That deal covered two seasons and kept him under contract with Detroit until now.

A 6’8″ forward, Evbuomwan averaged 5.9 points and 3.5 rebounds in 21.6 minutes per game in 17 total NBA appearances (eight starts) with Memphis and Detroit, posting a shooting line of .507/.375/.680. In 34 G League outings with the Cruise, he put up averages of 15.1 PPG, 8.6 RPG, and 3.8 APG on .554/.361/.754 shooting in 34.2 MPG.

The roster move suggests the Pistons may plan on converting one or two of their Exhibit 10 camp invitees to two-way contracts. Tolu Smith, Javante McCoy, Dereon Seabron, and Aaron Estrada are the candidates — Lamar Stevens is also in camp on an Exhibit 10 deal, but isn’t two-way eligible due to his four years of NBA service.

Detroit could also look outside the organization to fill one or both of those two-way openings.

Kings Trade Jalen McDaniels, Second-Round Pick To Spurs

October 16th, 2024 at 7:09am CST by Luke Adams

OCTOBER 16, 7:09am: The Spurs and Kings officially completed their trade on Tuesday, according to NBA.com’s transaction log.

As outlined below, the deal sent McDaniels, cash, and the Kings’ unprotected 2031 second-round pick to San Antonio in exchange for the Bulls’ top-55 protected 2025 second-round pick. Sacramento also created a $4.74MM trade exception.

The Spurs, who cut Isaiah Miller in order to complete the trade, also intend to waive McDaniels but haven’t officially done so yet.

OCTOBER 14, 5:15pm: The Kings are sending their 2031 second-round pick to San Antonio along with McDaniels and cash, Charania writes in his full story at ESPN.com.

The Spurs will send Sacramento the Bulls’ top-55 protected 2025 second-rounder, tweets Michael Scotto of HoopsHype. If it lands in the top 55, which is highly likely, San Antonio will keep the pick.

OCTOBER 14, 3:02pm: The Kings and Spurs have agreed to a trade that will send forward Jalen McDaniels and a second-round pick to San Antonio, reports Shams Charania of ESPN (Twitter links).

It’s a salary-dump deal for Sacramento, while San Antonio will take on McDaniels’ $4.74MM expiring contract in order to acquire that second-round draft pick. According to Charania, the Spurs intend to waive McDaniels after the trade is official, so his salary will remain on their cap as dead money for the rest of 2024/25.

The 52nd overall pick in the 2019 draft, McDaniels showed some promise during the first four years of his career, which he spent primarily in Charlotte. His height (6’9″), wingspan (7’0″), and athleticism made him a versatile piece on defense, and he displayed a little outside shooting ability, making 34.2% of his three-point tries with the Hornets. The Sixers traded for him at the 2023 trade deadline.

However, McDaniels’ production and playing time cratered last season in Toronto after he signed a two-year, $9.26MM contract with the Raptors. He was sent to Sacramento in another Kings salary dump at the start of the 2024 offseason — in that trade, the Kings sent Sasha Vezenkov and Davion Mitchell to the Raptors, trimming over $8MM in salary by moving off two players who were each due salaries over $6MM.

The Kings still had financial constraints entering the preseason though, with a total team salary of about $169.7MM for 14 players. That gave them just over $1MM in breathing room below the luxury tax line, making it impossible to open the season with a full 15-man roster while staying out of tax territory. They also have some players who have unlikely incentives in their contracts, so their team salary could rise higher if those bonuses are earned.

Last month, when we identified five teams who could make cost-cutting moves, we mentioned the Kings, singling out McDaniels as a trade candidate, given his contract situation and his place on the team’s depth chart. At the time, we suggested it would likely take a second-round pick to move off his deal, which turned out to be the case.

Once the trade is official, the Kings will be carrying 13 players on standard contracts (11 fully guaranteed) and will have enough spending room below the tax line to fill out their 15-man regular season roster with minimum-salary players. Of course, they could still choose to open the season with fewer than 15 players in order to maximize their flexibility, if they so choose.

Sacramento will also create a trade exception worth McDaniels’ $4.74MM salary.

For their part, the Spurs can comfortably take on McDaniels’ contract using a portion of their $8MM room exception, so no outgoing matching salary is required. The Spurs have one of the lowest team salaries in the NBA and will still have plenty of room below the tax line after eating that contract.

For their troubles, they’ll add another second-round pick to their growing collection of draft assets. The incoming pick from the Kings will be unprotected, while the Spurs will send back a heavily protected future second-rounder to make the trade legal, tweets Jeff McDonald of The San Antonio Express-News.

San Antonio has a full 21-man roster, so a player will have to be waived in order to make room for McDaniels — one of the Spurs’ camp invitees on an Exhibit 10 deal figures to be the roster casualty.

Grizzlies Convert Scotty Pippen Jr. To Four-Year Contract

October 15th, 2024 at 6:37pm CST by Dana Gauruder

6:37pm: Pippen Jr. has officially signed his new contract, the team’s PR department tweets.

5:02pm: The Grizzlies are promoting Scotty Pippen Jr. from his two-way contract to their standard roster and signing him to a new four-year deal, Michael Scotto of HoopsHype tweets.

Pippen appeared in 21 games for the injury-ravaged Grizzlies last season, including 16 starts, and averaged 12.9 points, 4.7 assists, 3.2 rebounds and 1.7 steals. He continued to play well in Summer League games, averaging 21.5 PPG, 8.7 APG and 5.0 RPG in six Las Vegas contests.

Pippen has the inside track at backing up Ja Morant if the club doesn’t acquire another point guard. Heading into camp, Pippen and Derrick Rose were the main candidates for that spot, but that changed quickly when Rose announced his retirement.

Pippen, 23, went undrafted in 2022. He signed a two-way deal with the Lakers that year and spent most of his time in the G League while appearing in six NBA contests. The Lakers waived him during training camp last October and he signed with the Grizzlies on that two-way contract in mid-January.

The Grizzlies will still have an open spot on their projected 15-man regular season roster, though they don’t necessarily need to add another player for opening night.

Bucks’ Terence Davis, Cavs’ Zhaire Smith Waived

October 15th, 2024 at 6:07pm CST by Dana Gauruder

The Bucks have waived guard Terence Davis, Eric Nehm of The Athletic tweets.

Davis was signed to an Exhibit 10 contract on Oct. 3. He played three G League games last season with the Rip City Remix and then suffered a season-ending Achilles injury. Davis faced long odds trying to make the Bucks’ roster and now he’ll likely return to the G League. As Nehm points out, the Wisconsin Herd acquired his returning player rights earlier this month.

Davis, 27, last played in the NBA for Sacramento in 2022/23, averaging 6.7 points, 2.2 rebounds and 1.0 assists in 64 games. He began his NBA career in Toronto in 2019 and was dealt to the Kings at the 2021 trade deadline.

If Davis spends at least 60 days with the Wisconsin Herd, Milwaukee’s G League affiliate, he’ll be eligible for a bonus of up to $77.5K.

In another waiver move involving a Central Division team, the Cavaliers have waived Zhaire Smith, according to the NBA transactions log.

Smith signed an Exhibit 10 contract with Cleveland late last month. The former No. 16 overall pick spent most of last season with the Cleveland Charge in the G League, briefly earning an NBA call-up on a 10-day contract with the Cavaliers in February.

In 47 Showcase Cup and regular season games for the Cavs’ NBAGL affiliate, the 6’4″ guard averaged 13.3 points, 4.1 rebounds, and 1.8 assists in 33.0 minutes per contest. Like Davis, he’ll be eligible for a bonus up to $77.5K if he spends at least 60 days with the Charge.

Spurs Sign, Waive Isaiah Miller

October 15th, 2024 at 5:48pm CST by Luke Adams

OCTOBER 15: Miller has been waived, according to the NBA’s transactions log.

OCTOBER 14: The Spurs have signed free agent guard Isaiah Miller to a training camp contract, according to RealGM’s log of official NBA transactions.

Miller went undrafted out of UNC Greensboro in 2021 and was a G League player for his first three professional seasons, spending one year with the Iowa Wolves and two with the Salt Lake City Stars. In 49 games last season for Salt Lake City, the Jazz’s G League affiliate, he averaged 11.5 points, 4.6 rebounds, and 3.5 assists in 20.5 minutes per contest, with a shooting line of .486/.236/.676.

Over the summer, the 25-year-old suited up for the Grizzlies’ Summer League team that advanced to the championship game in Las Vegas. He subsequently signed with APR, a Rwandan team based in Kigali, and helped lead them to a title in the Rwanda Basketball League last month.

The Stars traded Miller’s returning rights to the Austin Spurs this offseason, lining him up to play for San Antonio’s affiliate if and when he returns to the G League. In all likelihood, the contract he signed with San Antonio is an Exhibit 10 contract that will entitle him to a bonus worth up to $77.5K if he’s waived before the NBA season and then spends at least 60 days with Austin.

The Spurs now have a full 21-man preseason roster, with another week to trim that total to 18 (15 on standard contracts and three on two-way deals) for the regular season.

Pacers Sign, Cut Jahlil Okafor; Kendall Brown Also Waived

October 15th, 2024 at 4:40pm CST by Dana Gauruder

The Pacers have signed veteran big man Jahlil Okafor to an Exhibit 10 contract and subsequently waived him, according to a team press release. The team has also cut Kendall Brown.

Okafor was the third pick of the 2015 draft and began his career in Philadelphia but never quite lived up to his draft status. The 28-year-old has been out of the NBA since the 2020/21 season, when he appeared in 27 games with Detroit. He was traded to Brooklyn that summer and later signed with Atlanta, but wasn’t able to win a roster spot with either team.

Okafor resumed his basketball career overseas, playing in China and Spain before signing with a Puerto Rican team in February. He also spent time in the G League and was among the players selected by Phoenix’s new affiliate in the expansion draft in June. The Pacers’ affiliate, the Indiana Mad Ants, recently acquired Okafor’s rights in a G League trade.

Indiana’s intention to sign Okafor was reported late last month. The fact that it didn’t officially happen until now signals he never had a chance to make the regular season roster and that it was exclusively about getting him a bonus if he reports to the G League. Okafor will earn a bonus worth up to $77.5K if he joins the Mad Ants and remains with them for at least 60 days.

As for Brown, he had his two-way contract with the team last season converted into a three-year standard deal in March. However, the last two seasons of the new contract were non-guaranteed. He would have received $250K if he had made the opening-night roster.

The decision on Brown improves the chances of Cole Swider securing the 15th spot on the regular season roster.

By waiving Brown and his $2.1MM salary, the Pacers are now $2.5MM below the luxury tax with an open roster spot, ESPN’s Bobby Marks tweets.