Transactions Rumors | Hoops Rumors

Heat Sign Josh Christopher To Two-Way Contract

July 25th, 2024 at 1:27pm CST by Rory Maher

The Heat have signed free agent guard Josh Christopher to a two-way contract, the team announced (via Twitter). To create a two-way roster spot, Miami waived undrafted rookie Zyon Pullin.

Christopher is a former first-round pick (24th overall in 2021) who spent his first two NBA seasons in Houston before being traded to Memphis last summer. The Grizzlies eventually waived Christopher and his guaranteed contract for 2023/24 in late September, which also effectively declined his fourth-year team option for ’24/25.

Christopher later caught on with the Jazz, spending a few months with Utah on a two-way deal before being released in January. Despite being eligible to, he did not appear in an NBA game last season, having split the campaign with the Salt Lake City Stars, Utah’s NBA G League affiliate, and the Sioux Falls Skyforce, Miami’s affiliate.

The 22-year-old Christopher is being rewarded for his standout playing during Las Vegas Summer League, which saw the Heat win the championship in dramatic fashion, an overtime finish over Memphis. Christopher was named the title game’s MVP after registering a team-high 24 points, including six 3-pointers. He also added four rebounds, one assist, three steals and two blocks.

“I think this Heat culture thing just brought the best out of me. I don’t think I’ve had a series of games better than this in my life, honestly,” said Christopher, who averaged 19.3 points, 3.0 rebounds, 1.8 assists and 2.0 steals on .541/.525/.1.000 shooting in his six appearances in Vegas (25.9 MPG).

As for Pullin, the 23-year-old point guard showed flashes during Summer League, but he also didn’t earn much playing time (11.9 MPG). The former UC-Riverside and Florida star will be an unrestricted free agent in a couple days if he clears waivers.

Dru Smith and Keshad Johnson occupy the Heat’s other two-way spots, as shown by our tracker.

Clippers Sign Trentyn Flowers To Two-Way Deal

July 25th, 2024 at 12:10pm CST by Rory Maher

The Clippers have signed undrafted rookie free agent Trentyn Flowers to a two-way contract, per NBA.com’s official transactions log.

A 6’7″ guard/forward, Flowers was reported in late June to be landing with L.A.. The type of contract was not specified at the time, but the 19-year-old was called by president of basketball operations Lawrence Frank, owner Steve Ballmer and head coach Tyronn Lue, indicating he likely agreed to something more significant than a summer league deal.

Flowers was considered a potential late second-round pick (No. 56) on ESPN’s big board before going undrafted in 2024. He was the fourth-best prospect available on the open market following the draft, per ESPN.

An American prospect who spent the 2023/24 season in the NBL’s Next Stars program, Flowers averaged 5.2 points and 2.9 rebounds on .458/.421/.613 shooting in 18 games (12.7 minutes) with the Adelaide 36ers. Flowers is considered a top-tier athlete with scoring upside, but the rest of his game isn’t very well rounded at this stage of his development.

As our two-way contract tracker shows, the Clips had a pair of two-way vacancies before signing Flowers — they now have one.

Bulls Waive Andrew Funk

July 24th, 2024 at 7:31pm CST by Arthur Hill

The Bulls have opened up a two-way roster spot by waiving Andrew Funk, the team announced (via Twitter).

The 24-year-old shooting guard signed a two-way deal with Chicago in late February after starting the season with Grand Rapids in the G League. He saw limited playing time in five games with the Bulls, going scoreless in 13 total minutes.

Funk’s contract ran though the 2024/25 season, but Chicago decided to terminate it and look elsewhere for a two-way player.

Funk was part of the Bulls’ Summer League team, averaging 2.4 points, 0.8 rebounds and 0.6 assists in five games in Las Vegas. He shot just 16.7% from the field and 17.6% from three-point range.

Chicago’s other two-way players are DJ Steward and Adama Sanogo.

DeAndre Jordan Re-Signs With Nuggets

July 24th, 2024 at 5:53pm CST by Arthur Hill

JULY 24: Jordan’s new contract is official, the Nuggets announced in a press release.

JUNE 29: Free agent center DeAndre Jordan plans to remain with the Nuggets on a one-year, $3.6MM deal, sources tell Chris Haynes of TNT and Bleacher Report (Twitter link).

Jordan, 35, will be committing to a third season with the Nuggets after signing as a free agent in 2022, just in time for the team’s championship run. His on-court presence has diminished from his peak years, but he’s still a strong locker room presence who can provide rim protection and a lob threat when needed.

Jordan appeared in 36 games this season, making two starts and averaging 3.9 points and 4.4 rebounds in 11 minutes per night. Operating exclusively near the basket, his shooting percentage remains high at 62.4%.

A second-round draft pick by the Clippers in 2008, Jordan had his best years in L.A., earning one All-Star appearance and becoming a central part of the “Lob City” teams. He had brief stays with the Mavericks, Knicks, Nets, Lakers and Sixers before coming to Denver.

The veteran’s minimum salary for a player with 10 or more years of experience is projected to be worth a little over $3.3MM, so it will be interesting to see whether Jordan’s new deal is actually worth $3.6MM or if it will come in as a minimum deal. Denver’s proximity to the luxury tax line and the aprons makes every dollar important, and a minimum salary would only count as $2.1MM for salary cap and tax purposes.

The agreement with Jordan takes care of one Nuggets question mark before the start of free agency on Sunday evening. The team’s priority is re-signing shooting guard Kentavious Caldwell-Pope, who declined his player option on Thursday. Vlatko Cancar and Justin Holiday are also unrestricted free agents.

Darius Bazley, Kenneth Lofton Jr. Waived By Jazz

July 24th, 2024 at 4:31pm CST by Arthur Hill

The Jazz have waived Darius Bazley and Kenneth Lofton Jr., the team announced in a press release.

Both players had upcoming salary guarantee dates, so it’s possible they could re-sign with Utah on new deals later in the offseason. They would have been guaranteed $400K apiece if they had remained with the team through Thursday and $600K if they had been on the opening night roster. Bazley was set to make $2.5MM this season, while Loften was signed for $2.1MM on their non-guaranteed contracts.

Bazley, a 24-year-old power forward/center, signed with Utah on March 12 and appeared in six games, averaging 8.0 points and 4.5 rebounds in 23.7 minutes per night. After being waived by Brooklyn in October, he spent most of last season with Delaware in the G League, other than a three-game stint with Philadelphia on a 10-day contract.

Lofton, a 21-year-old power forward, signed with the Jazz on March 11 and saw action in four games, averaging 13.8 points, 5.0 rebounds and 4.8 assists in 22.8 minutes per night. He appeared in 15 games with Memphis at the start of last season before being waived in December and got into two games with Philadelphia on a two-way contract.

Both players were part of Utah’s Summer League roster.

Grizzlies Sign Jay Huff To Two-Way Deal, Waive Trey Jemison

July 24th, 2024 at 1:00pm CST by Luke Adams

The Grizzlies have signed free agent big man Jay Huff to a two-way contract, the team announced today in a press release (Twitter link). In order to open up a two-way slot for Huff, Memphis waived center Trey Jemison.

Huff, who went undrafted out of Virginia in 2021, has bounced back and forth between the NBA and G League over the past three years, appearing in 31 regular season NBA games during that time, including 20 while on a two-way contract with the Nuggets last season.

Huff’s contributions at the NBA level have been modest (2.4 points and 1.2 rebounds in 5.3 minutes per game), but he has excelled in the NBAGL, earning Defensive Player of the Year and All-NBAGL First Team honors in 2023. In 18 games last season for the Grand Rapids Gold – Denver’s affiliate – he averaged 19.1 points, 8.0 rebounds, and 3.6 blocks in 28.9 minutes per contest, with a strong shooting line of .573/.390/.857.

The 7’1″ center was also impressive at the Las Vegas Summer League with the Magic this month, putting up 16.8 PPG, 5.0 RPG, and 2.2 BPG on .621/.357/.778 shooting in five outings (26.5 MPG).

Jemison signed a 10-day contract with the Grizzlies in January, then agreed to a two-year, two-way deal when that contract expired. He earned regular minutes down the stretch on a Memphis roster hit hard by injuries, averaging 7.4 PPG, 5.8 RPG, and 1.2 BPG in 23 games (24.9 MPG). However, it appears he’s not in the team’s plans going forward, at least for now.

Huff joins Cam Spencer and Scotty Pippen Jr. as the Grizzlies’ two-way players.

Sam Hauser Signs Four-Year Extension With Celtics

July 23rd, 2024 at 3:42pm CST by Arthur Hill

JULY 23: The Celtics have officially signed Hauser to his extension, the team confirmed in a press release.

“You can count on Sam. He comes to work every single day with the right mindset and attitude,” president of basketball operations Brad Stevens said in a statement. “His shooting gets most of the attention – but his feel for the game, defensive versatility, and his consistency as a teammate have allowed him to impact our team in the biggest of moments. We are excited Sam has decided to extend his contract with the Celtics.”

JULY 21: The Celtics have reached an agreement with Sam Hauser on a four-year, $45MM contract extension, agent Jason Glushon tells ESPN’s Adrian Wojnarowski (Twitter link).

It’s a significant raise for the 26-year-old forward, who will make a little more than $2MM for the upcoming season. Boston picked up its team option on Hauser’s contract in late June with the intention of signing him to an extension.

There are no options in the final year so the deal is fully guaranteed, a league source tells Adam Himmelsbach of The Boston Globe (Twitter link).

Hauser is coming off a career-best season in which he played an important role off the bench in the Celtics’ run to an NBA title. He appeared in 79 games, making 13 starts and averaging 9.0 points, 3.5 rebounds and 1.0 assists per night, with a .446/.424/.895 shooting line.

Hauser has become one of the NBA’s top three-point shooters since joining the Celtics on a two-way deal after going undrafted out of Virginia in 2021. He spent most of his first season in the G League, then signed a standard contract in the summer of 2022.

Hauser’s extension is the third of the summer for Boston, which also reached long-term deals with Jayson Tatum and Derrick White. In addition, the team has signed Jaylen Brown, Jrue Holiday and Kristaps Porzingis to extensions within the past year.

In a full story on the extension, Wojnarowski notes that the Celtics now have a projected $225MM payroll for the 2025/26 season, which would result in a $210MM tax penalty and create the largest combined salary/tax bill in league history. They are also in position to exceed the second apron for each of the next two seasons, which will prevent them from being able to trade their first-round picks for 2032 and 2033.

The franchise could be in new hands by then, as the majority ownership group announced earlier this month that it plans to sell its shares in the team.

Reggie Jackson To Join Sixers After Being Waived By Hornets

July 23rd, 2024 at 9:33am CST by Luke Adams

The Hornets are waiving veteran point guard Reggie Jackson, league sources tell Roderick Boone of The Charlotte Observer. Boone had previously reported that the move was expected, and it’s now official, per NBA.com’s transaction log.

According to Adrian Wojnarowski of ESPN (Twitter link), Jackson intends to sign with the Sixers once he clears waivers.

Prior to Wojnarowski’s report, Keith Pompey of The Philadelphia Inquirer had tweeted that the 76ers would have interest in Jackson, who played with Paul George in Los Angeles from 2020-23.

A 13-year NBA veteran, Jackson spent the 2023/24 season in Denver, backing up Jamal Murray at the point. He averaged 10.2 points, 3.8 assists, and 1.9 rebounds in 22.2 minutes per game, posting a .431/.359/.806 shooting line in 82 outings (23 starts).

Jackson exercised a $5.25MM player option in June, but the Nuggets wanted to go in a different direction with their backup point guard spot and traded the 34-year-old to Charlotte along with multiple second-round picks in a salary-dump deal. Denver is poised to sign Russell Westbrook to fill the backcourt hole created by that deal.

The Hornets, meanwhile, made their trade with Denver in order to acquire those future second-round picks rather than Jackson, who wasn’t in their plans for 2024/25. It’s the second time in the last two years that Charlotte has traded for Jackson and waived him shortly thereafter — it also happened in February 2023, when the Clippers sent him to the Hornets in a deal for Mason Plumlee. Jackson was cut three few days later and caught on with Denver on the buyout market at that time.

Waiving Jackson will create an opening on Charlotte’s 15-man roster, leaving the team with 13 players on fully guaranteed contracts and one (Taj Gibson) on a partially guaranteed deal.

The Sixers, meanwhile, figure to bring Jackson aboard on a minimum-salary contract, since that’s all they can offer to free agents after having used up their cap space and their room exception. The veteran guard will be the 13th man on Philadelphia’s standard roster, providing additional depth in a backcourt that includes rising star Tyrese Maxey, veterans Kyle Lowry and Eric Gordon, and rookie Jared McCain.

A minimum deal for Jackson will pay him about $3.3MM while counting against the 76ers’ cap for just $2.09MM.

Pelicans Sign Antonio Reeves To Three-Year Deal

July 23rd, 2024 at 4:13am CST by Dana Gauruder

JULY 23: Reeves’ deal is official, according to the NBA’s transaction log.

JULY 22: The Pelicans and second-round pick Antonio Reeves have agreed on a three-year, $5.41MM contract, Michael Scotto of HoopsHype tweets. The third year is a team option.

New Orleans likely used the second-round pick exception to sign Reeves at the minimum-salary level. A three-year rookie minimum deal this season is worth $5,408,801.

Reeves averaged 11.8 points, 2.4 rebounds, 1.6 assists and 1.0 steals per game in five appearances for the Pelicans’ Summer League team in Las Vegas.

Reeves was the No. 47 overall pick and was dealt by Orlando to New Orleans in a draft-night trade. The Magic acquired second-round pick swaps in 2030 and 2031 in the deal.

Adding Reeves puts the Pelicans at 14 standard contracts if Matt Ryan, whose deal becomes guaranteed on opening night, is included in that total, Christian Clark of the New Orleans Times-Picayune tweets.

A Chicago native who spent his first three college seasons at Illinois State, Reeves transferred to Kentucky in 2022 and spent his final two seasons with the Wildcats.

Reeves could emerge as an offensive spark-plug. The 6’4″ guard had a very efficient offensive season in 2023/24, averaging 20.2 points and 4.2 rebounds on .512/.447/.863 shooting in 33 games (31.4 MPG).

Cavaliers Sign Evan Mobley To Five-Year Max Extension

July 22nd, 2024 at 6:22pm CST by Arthur Hill

JULY 22: The signing is official, the team announced in a press release.

“We are thrilled to sign Evan to a long-term extension, solidifying his place as a cornerstone of our franchise,” team president Koby Altman said. “Evan has quickly established himself as one of the premier defensive players in the league, and we’ve only scratched the surface of his overall potential. Since drafting him, he only knows winning basketball and has proven to be pivotal to our team’s success. His exceptional work ethic, versatility, and commitment to excellence both on and off the court truly embody what it means to be a Cleveland Cavalier.

“We believe Evan’s best basketball is still ahead of him, and we couldn’t be more excited to continue building something special together for many years to come.”

JULY 20: Evan Mobley has agreed to a five-year, maximum-salary rookie scale extension with the Cavaliers, agents Joe Smith and Thad Foucher of Wasserman Basketball tell ESPN’s Adrian Wojnarowski (Twitter link). The deal includes $224MM in guaranteed money and contains Rose rule language that gives it the potential to be worth up to $269MM, Wojnarowski adds.

The extension will begin with a projected $38,661,750 salary for the 2025/26 season, according to Yossi Gozlan (Twitter link). Mobley’s salary will increase to $41,754,690, $44,847,630, $47,940,570 and $51,033,510 over the following four years while his percentage of the cap declines from 25% at the start to 22.5% in 2029/30.

Gozlan notes that the Cavaliers project to be over the tax threshold for 2025/26, but aren’t currently in danger of crossing into second apron territory.

Mobley has become one of the franchise cornerstones in Cleveland since being selected with the third pick in the 2021 draft. Although injuries limited him to 50 games last season, he scored 15.7 PPG and set career highs by averaging 9.4 rebounds and 3.2 assists while shooting 58% from the field and 37.3% from three-point range.

Mobley will earn $11.2MM for the upcoming season in the final year of his rookie deal.

It’s the second significant signing of the summer for the Cavs, who inked Donovan Mitchell to a three-year extension earlier this month. Cleveland now has about $125MM committed to Mobley, Mitchell and Darius Garland for the 2025/26 season, notes Bobby Marks of ESPN (Twitter link).

Mobley becomes the fourth member of the 2021 draft class to receive a max extension, following Toronto’s Scottie Barnes, Detroit’s Cade Cunningham and Orlando’s Franz Wagner. Teams can sign their 2021 first-round picks to extensions until the day before the start of the regular season. The full list of players eligible for rookie scale deals can be found here.