Transactions Rumors | Hoops Rumors

Rockets Sign Alperen Sengun, Josh Christopher To Rookie Deals

August 7th, 2021 at 3:06pm CST by Luke Adams

The Rockets have signed first-round picks Alperen Sengun and Josh Christopher to their rookie scale contracts, according to NBA.com’s official transactions log.

Sengun, a 19-year-old forward/center from Turkey, was named the Turkish League MVP in 2021 after averaging 19.2 PPG, 9.4 RPG, 2.5 APG, and 1.7 BPG in 29 games (28.3 MPG) for Besiktas. Houston traded a pair of protected future first-round picks to acquire the No. 16 pick to select Sengun on draft night.

Christopher is a 6’5″ guard who played his college ball at Arizona State and declared for the draft following his freshman year. He was selected 24th overall after averaging 14.3 PPG and 4.7 RPG in 15 games (29.7 MPG) for the Sun Devils.

The Rockets, who drafted four players in the first round last Thursday, have already locked up No. 2 pick Jalen Green to his rookie contract as well. No. 23 pick Usman Garuba is the only one of the four still unsigned, likely due to the complications created by his expensive buyout with Real Madrid. We’ll have to wait to see if the Rockets are able to get him stateside for the 2021/22 season.

Bucks Acquire Grayson Allen From Grizzlies

August 7th, 2021 at 2:11pm CST by Dana Gauruder

AUGUST 7: The trade is now official, the Grizzlies announced in a press release. While Merrill’s salary for 2021/22 is not yet fully guaranteed, Memphis intends to guarantee his deal and keep him on the roster, reports Tony Jones of The Athletic (Twitter link).

AUGUST 6: The Grizzlies have agreed to deal guard Grayson Allen to the Bucks for guard Sam Merrill and two future second-round picks, ESPN’s Adrian Wojnarowski tweets.

Allen, who is entering his fourth NBA season, had a breakout year for Memphis in which he started 38 of 50 games and averaged 10.6 PPG, 3.2 RPG and 2.2 APG. The former Duke star has knocked down 38.1% of his 3-point attempts during his three-year career and will give the Bucks another perimeter option.

Milwaukee will absorb Allen’s contract using a $4.89MM traded player exception generated by a deal this past winter that sent guard D.J. Augustin to the Rockets, according to Bleacher Report’s Jake Fischer (Twitter link).

Allen has an expiring $4.1MM contract and is eligible for a rookie scale extension. Merrill has a $500K guarantee on his contract and his $1.5MM deal will become fully guaranteed if he’s on Memphis’ roster through Sunday, ESPN’s Bobby Marks tweets. It’s uncertain whether Memphis plans to keep Merrill, a 2020 second-pick who appeared in 30 regular season games with the Bucks.

Milwaukee’s projected luxury tax bill will jump via this acquisition. The team’s luxury tax penalty will increase from $36MM to $44MM, Marks notes in a separate tweet. Milwaukee is right at $200MM in salary and luxury tax, Marks adds.

Warriors Trade Eric Paschall To Jazz

August 7th, 2021 at 12:52pm CST by Luke Adams

AUGUST 7: The trade is official, the Warriors announced in a press release. As detailed below, the deal sends Paschall to Utah in exchange for the Grizzlies’ 2026 second-round pick, which the Jazz had just acquired in a separate deal. That pick reportedly has top-42 protection.

AUGUST 4: The Warriors have agreed to trade forward Eric Paschall to the Jazz in exchange for a future protected second-round pick, reports Adrian Wojnarowski of ESPN (Twitter link). That pick will be Memphis’ 2026 second-rounder, with top-42 protection, per Anthony Slater of The Athletic (Twitter link).

Paschall, 24, has spent his first two NBA seasons in Golden State after being selected with the 41st overall pick in the 2019 draft and has been a regular rotation player for the team during that time. In 100 career games with the Warriors, he has averaged 12.2 PPG and 4.0 RPG on .497/.301/.755 shooting in 23.5 minutes per contest.

After a strong rookie year, Paschall’s numbers dipped a little in 2020/21 and he missed a chunk of the season due to a hip injury. Slater suggested in May that the big man’s future with the organization might be “tenuous,” and it looks like he was right. The deal will open up a roster spot and should create a small amount of tax savings for the Warriors.

Paschall will get a chance for a fresh start in Utah, providing frontcourt depth and playing alongside his close friend Donovan Mitchell. The two players grew up together in Westchester County, New York.

Paschall is technically earning the veteran’s minimum this season, but he can’t be absorbed using the minimum-salary exception because his contract was a three-year deal. Since Utah isn’t sending out any salary in the deal, the team will use one of its trade exceptions to take on Paschall’s $1.78MM salary. The exception created in last year’s Tony Bradley trade still has $2MM+ left on it and will expire soon, making it the best fit.

Tony Jones of The Athletic first identified Paschall as a Jazz trade target on Monday.

Grizzlies Acquire No. 30 Pick Santi Aldama From Jazz

August 7th, 2021 at 12:17pm CST by Arthur Hill

AUGUST 7: The draft-night trade between the Jazz and Grizzlies is now complete, per a team release from Memphis. The two teams had to wait until the Grizzlies officially acquired the rights to No. 40 pick Jared Butler from New Orleans before they could officially complete this deal.

As detailed below, the final trade is the Grizzlies receiving Almada’s draft rights in exchange for the rights to Butler and two future second-round picks. Those second-rounders heading to Utah are Memphis’ own selections in 2022 and 2026, per Chris Herrington of The Daily Memphian (Twitter link).

JULY 29: The Jazz will send the 30th pick to the Grizzlies, tweets ESPN’s Adrian Wojnarowski. Memphis will select Loyola Maryland forward Santi Aldama, Woj adds (via Twitter).

Utah will receive the 40th pick and two future second-rounders in return, according to Chris Herrington of The Daily Memphian (Twitter link). The 40th pick was part of a trade with the Pelicans earlier this week that won’t become official until the moratorium ends.

The Grizzlies believed the Thunder were targeting Aldama in the second round, so they thought they had to trade up ahead of the 34-36 range to make sure he didn’t go to OKC, tweets Jeremy Woo of Sports Illustrated.

The 6’11” Aldama turned down an invitation to the combine and didn’t conduct any publicly-known workouts before the draft, notes Jonathan Givony of ESPN. Aldama said he preferred to play in his native Spain and discouraged teams from drafting him. That led many people around the league to believe he had a promise from somebody, and Memphis likely shut him down several months ago.

Clippers Acquire No. 51 Pick Brandon Boston From Pelicans

August 7th, 2021 at 12:06pm CST by Arthur Hill

AUGUST 7: The trade is official, according to a press release from the Pelicans.

New Orleans announced that the second-round pick it received in the deal is the Kings’ 2022 second-rounder. However, that pick was top-54 protected when it was initially sent to the Clippers and is unlikely to convey, so the cash included in the deal is the primary return for the Pels.

JULY 29: The Clippers are adding a late-round selection by trading with the Pelicans for the No. 51 pick, tweets Shams Charania of The Athletic. L.A. is using the pick to draft Kentucky guard Brandon Boston Jr.

New Orleans will receive cash and a future second-round choice in return, according to Andrew Lopez of ESPN (Twitter link).

The pick originally belonged to the Grizzlies and was included a trade that was agreed to earlier this week, but can’t be finalized until after the moratorium ends. The Clippers also acquired the No. 33 pick tonight in a trade with the Magic.

Boston, 19, played just one season with the Wildcats, averaging 11.5 points and 4.5 rebounds in 25 games.

Heat Sign P.J. Tucker

August 7th, 2021 at 11:47am CST by Luke Adams

AUGUST 7: The signing is official, according to a team press release.

“P.J. Tucker is the perfect addition to this team,” Heat president Pat Riley said. “He brings both shooting and most importantly, the ability to defend a lot of perimeter players. We love his versatility in order to put a defensive team on the court, where all five guys can defend, while also having enough shooting and scoring to win games.”

AUGUST 2: The Heat have agreed to a deal with free agent forward P.J. Tucker, sources tell Shams Charania of The Athletic (Twitter link).

According to Charania (Twitter link), Tucker will get a two-year, $15MM contract from Miami, which suggests the team is putting a chunk of its mid-level exception toward the signing. The deal will feature a player option in year two, Charania adds (via Twitter).

Tucker doesn’t bring much to the table on offense besides the occasional corner three (he’s a career 35.9% shooter from beyond the arc), but he’s a physical, versatile defender who is just as willing to battle in the post with centers as he is to guard quicker guards and wings on the perimeter.

Tucker will fit in nicely on a Heat squad that already features tough defenders like Bam Adebayo, Jimmy Butler, and Kyle Lowry.

The Heat had been looking to address their power forward position with their mid-level exception and will likely remain on the lookout for at least one more player who can play minutes at the four, though their cap flexibility is now limited. Barry Jackson of The Miami Herald reports (via Twitter) that the club has an offer out to veteran forward Markieff Morris.

Hornets Sign Kelly Oubre To Two-Year Deal

August 7th, 2021 at 11:36am CST by Luke Adams

AUGUST 7: Oubre and the Hornets have now finalized a two-year, $25MM contract, agent Torrel Harris tells Chris Haynes of Yahoo Sports (Twitter link). Charlotte announced the signing in a press release.

It appears Oubre’s starting salary will come in slightly lower than initially expected after Charlotte took on Wesley Iwundu in a trade with New Orleans.

The deal won’t feature any options, per Michael Scotto of HoopsHype (Twitter link). However, Rod Boone of SI.com (Twitter link) says the second year will be partially guaranteed and Anthony Slater of The Athletic provides the specifics, tweeting that $5MM of Oubre’s $12.6MM salary for 2022/23 will be guaranteed.

AUGUST 5: The Hornets and free agent wing Kelly Oubre are in agreement on a two-year deal that will be worth $26MM+, sources tell Shams Charania of The Athletic (Twitter link).

David Aldridge of The Athletic reported earlier on Thursday that the Hornets and Oubre had engaged in discussions, while Chris Haynes of Yahoo Sports was first to report that the two sides were finalizing a multiyear deal expected to exceed $12MM per year.

Charlotte, one of the only NBA teams that still had the cap room necessary to make an offer worth more than the full mid-level exception ($9.5MM), had also reportedly been mulling an offer sheet for Lauri Markkanen. However, the Hornets’ agreement with Oubre will eat up most – if not all – of their remaining cap room, presumably taking an aggressive bid for the Bulls‘ restricted free agent forward off the table.

Oubre, 25, has spent time with the Wizards, Suns, and Warriors since entering the league as the 15th overall pick in the 2015 draft. In 2020/21, he averaged 15.4 PPG and 6.0 RPG on .439/.316/.695 shooting in 55 games (30.7 MPG) for Golden State.

While Oubre possesses good size and athleticism for a three-and-D wing, his three-point shot has been inconsistent over the course of his career (32.6%).

Charlotte will be hoping to get the 2019/20 version of Oubre, who averaged 18.7 PPG with a .352 3PT% for the Suns. The former Kansas Jayhawk will join a talented group of Hornets forwards that includes Gordon Hayward, Miles Bridges, and P.J. Washington.

Since the Hornets have the ability to sign Oubre outright using their cap room and his new contract will only be for two years, it won’t be a sign-and-trade deal involving the Warriors.

Hornets Waive Caleb Martin

August 7th, 2021 at 10:57am CST by Dana Gauruder

The Hornets have waived shooting guard Caleb Martin, according to a team press release.

Martin had a $1,782,621 salary for next season that was due to guarantee on August 15. By releasing him now, Charlotte won’t carry any dead on its cap for him in 2021/22.

Martin averaged 5.0 PPG, 2.7 RPG and 1.3 APG in 15.4 MPG while seeing action in 53 games. Martin, who went undrafted in 2019, appeared in 71 games the last two seasons.

The move clears some additional cap space for Charlotte to officially sign Kelly Oubre Jr., who agreed to a two-year deal on Friday.

Jimmy Butler Signs Max-Salary Extension With Heat

August 7th, 2021 at 9:38am CST by Dana Gauruder

AUGUST 7: Butler has officially signed the extension, according to a team press release.

“Jimmy is the anchor and face of our franchise along with Bam (Adebayo) and Kyle (Lowry),” Heat president Pat Riley said in a statement. “With Jimmy, we get an All-NBA player, an All-NBA Defensive player, tough as nails and a complete player across the board. He’s very deserving of this contract as he continually puts himself at the top of the league at his position. Having him in the HEAT organization has been a great, great coup for us.”

AUGUST 6: The Heat and Butler are in formal agreement on a new four-year extension, reports Ira Winderman of The South Florida Sun Sentinel.

The extension will include a player option for the 2025/26 season, according to Winderman, who says the deal is worth a projected $184MM.

AUGUST 2: Jimmy Butler is expected to sign a four-year max extension with the Heat, Jon Krawczynski and Shams Charania of The Athletic report (Twitter link).

Butler can officially sign the extension on Friday. Based on the projected 2022/23 salary cap, the extension will be worth approximately $186.6MM.

The acquisition of Butler in a sign-and-trade with Philadelphia in 2019 propelled the club to the 2020 Finals and he’s looked upon as the leader of a team built on toughness and defense.

There was growing optimism that Butler and the franchise would agree to an extension and that has apparently come to fruition. Butler’s extension is part of a frenzy of planned moves designed to get Miami back to the Finals next season, according to Marc Stein of Substack.

Miami is also acquiring veteran point guard Kyle Lowry and re-signing sharpshooting wing Duncan Robinson.

Injuried limited Butler to 52 regular season games this past season but he still put up big numbers — 21.5 PPG, 6.9 RPG, a career-high 7.1 APG and 2.1 SPG.

Pelicans Officially Acquire Valanciunas, Graham In Three-Team Trade

August 7th, 2021 at 9:28am CST by Luke Adams

The Pelicans have officially announced a pair of previously–reported trades, having combined their acquisitions of center Jonas Valanciunas and point guard Devonte’ Graham into a single transaction involving both the Grizzlies and Hornets. Memphis and Charlotte have put out press releases as well.

The details of the three-team deal are as follows:

To Pelicans:
- Valanciunas (from Grizzlies)
- Graham (sign-and-trade; from Hornets)
- The draft rights to Trey Murphy (No. 17 pick; from Grizzlies)
- The draft rights to Brandon Boston (No. 51 pick; from Grizzlies)
  - Note: Boston will be rerouted to the Clippers in a subsequent trade.
To Grizzlies:
- Eric Bledsoe (from Pelicans)
- Steven Adams (from Pelicans)
- The draft rights to Ziaire Williams (No. 10 pick; from Pelicans)
- The draft rights to Jared Butler (No. 40 pick; from Pelicans)
  - Note: Butler will be rerouted to the Jazz in a subsequent trade.
- The Lakers’ 2022 first-round pick (top-10 protected; from Pelicans)
To Hornets:
- Wesley Iwundu (from Pelicans)
- The Pelicans’ 2022 first-round pick (top-14 protected; from Pelicans)
  - Note: If the Pelicans’ 2022 first-rounder falls in the top 14, the Hornets will instead receive New Orleans’ 2022 and 2024 second-round picks, per Rod Boone of SI.com.
- Cash (from Pelicans)
- The draft rights to Tyler Harvey (from Grizzlies)

The details of the three-team trade essentially line up with what was previously reported, with two new pieces added — Iwundu going from New Orleans to Charlotte and Harvey’s draft rights going from Memphis to Charlotte. Harvey was presumably only included to ensure that the Grizzlies and Hornets were “touching,” since otherwise Memphis would only have been exchanging assets with the Pelicans.

Looping their sign-and-trade acquisition of Graham into the trade suggests the Pelicans will operate over the cap, using Bledsoe’s and Adams’ outgoing salaries in order to match both Valanciunas and Graham instead of signing Graham into cap space.

As Bobby Marks of ESPN notes (via Twitter), it also allows New Orleans to generate a $17MM+ trade exception in the deal. Only Bledsoe’s and Iwundu’s outgoing salaries are needed for matching purposes to take on Valanciunas and Graham, meaning the Pelicans’ new TPE is worth Adams’ salary ($17,073,171).

Graham reportedly signed a four-year, $47MM contract with the Pelicans as part of the trade. He and Tomas Satoransky appear set to play the majority of the minutes at point guard in New Orleans, barring further roster changes. The team is sending Lonzo Ball to Chicago in a separate sign-and-trade deal.

Graham made just 37.7% of his field goal attempts in 2020/21, but his three-point mark was a very respectable 37.5%. In addition to his ability to make threes, Graham is an above-average play-maker (6.5 APG over the last two seasons) and a respectable defender.

Swapping out Adams for Valanciunas should allow the Pelicans to improve their frontcourt spacing. Valanciunas isn’t exactly a long-distance marksman, but has a solid mid-range game and will shoot the occasional three-pointer, which should create more room for Zion Williamson to operate. The former No. 5 overall pick averaged an impressive 17.1 PPG and 12.5 RPG with a .592/.368/.773 shooting line in 62 games (28.3 MPG) this past season.

From the Grizzlies’ perspective, the deal was a way to improve their draft assets in both 2021 and 2022 as a result of their willingness to take on Adams’ and Bledsoe’s pricey contracts. The team moved up from No. 17 to No. 10 to snag Williams, and later flipped the No. 40 pick (Butler) to Utah in a separate trade to move up to No. 30 for Santi Aldama.

[RELATED: 2021 NBA Offseason Trades]

The Hornets, meanwhile, decided to move on from Graham and got a protected first-round pick from New Orleans in exchange for waiving their right to match an offer sheet for the restricted free agent. Iwundu’s guaranteed $1.82MM salary for 2021/22 will eat up a small amount of Charlotte’s cap room, but the team will still have enough flexibility to complete its signing of Kelly Oubre to a two-year deal in the range of $12-13MM per year.