Transactions Rumors | Hoops Rumors

Pelicans Claim Brandon Boston, Give Him Two-Way Deal

October 21st, 2024 at 4:24pm CST by Dana Gauruder

The Pelicans have claimed swingman Brandon Boston Jr. off waivers, Michael Scotto of HoopsHype tweets.

Boston spent the past three seasons with the Clippers and averaged 6.2 points in 12.9 minutes per game. He appeared in 32 contests last season, averaging 5.2 PPG in 10.8 MPG in a reserve role.

Boston became a free agent in late June when the Clippers didn’t extend a qualifying offer. He was waived by the Spurs over the weekend.

Boston had an Exhibit 10 contract with San Antonio and New Orleans is converting that contract to a two-way deal, ESPN’s Shams Charania tweets. That transaction is official, according to NBA.com’s transaction log.

The Pelicans have an open two-way slot, having made their corresponding roster move earlier in the day by waiving Malcolm Hill. Forward Jamal Cain and center Trey Jemison hold New Orleans’ other two-way deals.

The Pelicans will enter the regular season with 14 players on standard contracts and all three of their two-way spots filled.

Magic Sign Jalen Suggs To Five-Year Extension

October 21st, 2024 at 4:08pm CST by Luke Adams

4:08pm: Suggs’ extension with the Magic is official, according to a press release issued by the team (Twitter link).

The $150.5MM deal is fully guaranteed, with no options, according to NBA reporter Jake Fischer and The Orlando Sentinel’s Jason Beede (Twitter links).

3:37pm: The Magic have agreed to sign guard Jalen Suggs to a five-year rookie scale extension worth $150.5MM, sources tell ESPN’s Shams Charania (Twitter link).

According to Charania (via Twitter), Suggs’ agent Darren Matsubara and team officials held a series of meetings in Orlando leading up to Monday’s extension deadline in order to finalize the terms of the deal.

Suggs’ NBA career got off to a bit of a slow start after he was selected fifth overall in the 2021 draft, as he battled injuries and struggled with his shot during his first two seasons. However, he enjoyed an impressive breakout year in 2023/24, averaging a career-high 12.6 points per game with a .471/.397/.756 shooting line and earning a spot on the All-Defensive Second Team. He also showed up on Most Improved Player and Defensive Player of the Year ballots.

With Markelle Fultz no longer in the point guard picture in Orlando, Suggs will likely be given more offensive responsibilities in his fourth NBA season and is poised to improve upon his career averages of 11.5 PPG and 3.2 APG while continuing to play lock-down defense on the other side of the ball.

As we wrote multiple times earlier in the offseason, Suggs’ camp likely viewed the five-year, $131MM extension Jaden McDaniels signed last fall as a point of reference for the Magic guard’s new deal. Like Suggs, McDaniels was considered one of the NBA’s top perimeter defenders and showed off an improved three-point shot in his third season before signing his second contract.

However, Suggs has a bigger offensive role than the Timberwolves forward and was able to secure an annual salary exceeding $30MM on his extension (assuming that $150.5MM total isn’t being inflated by incentives) compared to $26.2MM per year for McDaniels.

Suggs is the second core Magic player to sign a lucrative rookie scale extension this offseason, joining teammate Franz Wagner, who got a five-year, maximum-salary contract. Paolo Banchero is the next man up — he’ll become eligible for his own rookie scale extension in 2025.

Jonathan Isaac and Wendell Carter Jr. also signed long-term veteran extensions with Orlando this offseason and are each under contract through at least 2028.

Warriors’ Moses Moody Signs Three-Year Extension

October 21st, 2024 at 4:06pm CST by Dana Gauruder

OCTOBER 21: Moody’s extension is official, the Warriors confirmed in a press release (Twitter link).

OCTOBER 20: The Warriors and guard Moses Moody have agreed to a three-year, $39MM rookie scale contract extension, Klutch Sports CEO Rich Paul told ESPN’s Shams Charania (Twitter link).

A Friday report by Charania suggested that a Moody extension was more likely than one for teammate Jonathan Kuminga, who is seeking a more lucrative contract. The deadline for rookie scale extensions is Monday at 6 p.m. ET.

Moody hasn’t been able to crack the starting lineup during his three seasons, except as a fill-in, but he’s established himself as a reliable reserve. He has appeared in 181 regular season games (23 starts), averaging 5.9 points in 14.3 minutes.

Last season, he appeared in 66 games (nine starts), posting averages of 8.1 points, 3.0 rebounds and 0.9 assists in 17.5 minutes per night. He shot 46.2% from the field and 36% on 3-point attempts.

The No. 14 pick of the 2021 draft, Moody is still just 22 years old and continues to develop his overall game. How Moody slots into the Warrriors’ rotation this season remains to be seen. He’ll be battling Brandin Podziemski, Buddy Hield and De’Anthony Melton for backcourt minutes, with Stephen Curry the only surefire starter.

Moody will make $5.8MM this season before the extension kicks in. He’ll be the fifth 2021 first-rounder to agree to an extension, joining Cade Cunningham, Evan Mobley, Scottie Barnes and Franz Wagner, as our tracker shows.

The contract will be fully guaranteed, The Athletic’s Anthony Slater tweets. He’ll still be trade-eligible this season but his outgoing salary would count as $5.8MM (this season’s salary) while his incoming number for a new team would be $11.2MM, due to the poison pill provision.

Rockets Sign Jalen Green To Three-Year Extension

October 21st, 2024 at 4:05pm CST by Luke Adams

4:05pm: The Rockets have officially signed Green to his extension, according to NBA.com’s transaction log.

According to NBA reporter Jake Fischer (Twitter link), Green’s new deal features a 10% trade kicker. Meanwhile, the year-by-year breakdown provided by Marks (Twitter link) suggests the exact value of the contract is right around $105.3MM.

2:48pm: The Rockets and guard Jalen Green have agreed to terms on a three-year rookie scale extension worth $106MM, agents Aaron Mintz, Andrew Morrison, and Shakira Wardally tell Shams Charania and Bobby Marks of ESPN (Twitter link). The deal will include a third-year player option.

The No. 2 overall pick in the 2021 draft, Green has averaged 19.8 points, 4.1 rebounds, and 3.3 assists per game in his 225 NBA outings (all starts).

Green’s shooting percentages during his first three seasons have been modest (.421/.337/.794) and his defense has been inconsistent, but he has shown tantalizing flashes of putting it all together, including during a 15-game stretch near the end of the 2023/24 season when he averaged 29.2 PPG on .488/.422/.782 shooting and led the Rockets to 13 wins in 15 games to keep them in the play-in hunt.

The terms of Green’s new deal are quite unusual for a few reasons. For one, most rookie scale extensions cover at least four seasons and those that don’t are typically far less lucrative contracts signed by role players.

Based on our research, the largest three-year rookie scale extension signed prior to this year was the $52.5MM contract Caris LeVert received in 2019. Green’s contract will more than double the annual average value of LeVert’s.

Green also received a player option, which has become a rarity for rookie scale extensions. Of the 31 rookie scale extensions completed since 2022 prior to this deal, just one featured a player option, and that contract (for Nuggets big man Zeke Nnaji) was for four years. Green’s option will be for the 2027/28 season, allowing him to potentially reach unrestricted free agency at age 25.

As Bobby Marks of ESPN observes (via Twitter), because Green’s new contract is for just three years instead of four or five seasons, he’ll also become eligible for his next extension earlier than most rookie scale extension recipients. He’ll be able to sign an extension worth up to a projected $227MM+ over four years as of October 26, per Marks.

While it remains to be seen whether or not the Rockets will try to become a cap-space team during the 2025 offseason, Green’s new contract won’t necessarily affect their ability to do so, since he would’ve had a significant cap hold (exceeding $37MM) as a restricted free agent. His first-year salary on his new deal will be $33.5MM, per Kelly Iko of The Athletic (Twitter link), which is a little more than $5MM below his projected max.

Timberwolves Waive Keita Bates-Diop

October 21st, 2024 at 3:08pm CST by Rory Maher

The Timberwolves have set their 2024/25 regular season roster by waiving veteran forward Keita Bates-Diop, the team announced in a press release.

A report over the weekend stated Minnesota was looking to move off Bates-Diop’s $2,654,644 salary, which is fully guaranteed, but clearly the Wolves were unable to find a suitable trade. Assuming he goes unclaimed, Minnesota will now carry that figure as a dead-money cap hit for ’24/25.

According to Keith Smith of Sporac (Twitter link), Bates-Diop’s salary will cost the Wolves a projected $14.8MM when accounting for their luxury tax payment, though that’s a tentative figure that won’t be finalized until the season concludes.

The Wolves didn’t need to finalize their opening night roster until Monday evening. Bates-Diop wasn’t in attendance for Saturday’s practice, indicating that he was likely the odd man out. Removing him from the roster allows the club to hang onto PJ Dozier, whose salary is partially guaranteed.

A former second-round pick (No. 48 overall in 2018) who starred in college at Ohio State, Bates-Diop is a six-year veteran who holds career averages of 6.0 points and 3.0 rebounds on .474/.333/.751 shooting in 283 regular season games with Minnesota, Denver, San Antonio, Phoenix and Brooklyn. He signed a two-year, minimum-salary deal with the Suns last season before being traded to the Nets at the February deadline.

Bates-Diop was sent to New York in the Mikal Bridges trade and then was re-routed to Minnesota as a throw-in for salary-matching purposes in the Karl-Anthony Towns blockbuster, so it makes sense that he’s not in the Wolves’ plans.

The 28-year-old will become an unrestricted free agent on Wednesday if he clears waivers.

Jazz Pick Up 2025/26 Options On Four Players

October 21st, 2024 at 2:10pm CST by Luke Adams

The Jazz have exercised their 2025/26 rookie scale team options on four players, the team announced today in a press release. Those four players and their accompanying options are as follows:

Taylor Hendricks (third year, $6,127,080)
Walker Kessler (fourth year, $4,878,938)
Keyonte George (third year, $4,278,960)
Brice Sensabaugh (third year, $2,693,760)

After an impressive rookie season in which he finished third in Rookie of the Year voting, Kessler didn’t take a real step forward as a sophomore in 2023/24, with his averages slipping a little in categories like PPG (8.1), RPG (7.5), and FG% (.654). However, he’s still just 23 years old and is on an extremely team-friendly contract. He’ll now be eligible for a rookie scale extension in 2025 and will become a restricted free agent in 2026 if he doesn’t sign a new deal next offseason.

Hendricks, George, and Sensabaugh were first-round picks in the 2023 draft. Of the three, George saw the most significant role as a rookie, starting 44 of his 75 games and averaging 27.0 minutes per night. While he struggled to score efficiently, making just 39.1% of his shots from the floor (33.4% from beyond the arc), he showed real promise in his age-20 season, averaging 13.0 PPG and 4.4 APG.

Hendricks averaged 7.3 PPG and 4.6 RPG on .450/.379/.793 shooting in 40 games (23 starts) in his rookie year, while Sensabaugh had 7.5 PPG and 3.2 RPG on .390/.296/.902 shooting in 32 outings (11 starts). Both players only really saw significant playing time down the stretch after the Jazz fell out of the play-in race, but they should get an opportunity to earn more regular roles from day one in 2024/25.

The Jazz will have to make fourth-year option decisions on Hendricks, George, and Sensabaugh by October 31, 2025.

Pelicans Waive Malcolm Hill

October 21st, 2024 at 12:48pm CST by Luke Adams

The Pelicans have made a minor move ahead of Monday’s regular season roster deadline, announcing in a press release that they’ve placed swingman Malcolm Hill on waivers.

Hill had been on a two-way contract, so his release doesn’t affect New Orleans’ standard roster, which still features 14 players. The team has now opened up one its three two-way slots, however, with Jamal Cain and Trey Jemison occupying the others.

Hill, who will turn 29 on Saturday, has bounced around the basketball world since going undrafted out of Illinois in 2017, suiting up for teams in the Philippines, Germany, Kazakhstan, and Israel from 2017-21 before spending the last few years stateside.

While Hill has appeared in a total of 24 regular season games for the Hawks and Bulls since 2021, he has spent a significant portion of the past three years with the Birmingham Squadron, New Orleans’ G League affiliate. Last season, the 6’6″ wing appeared in 46 games for the Squadron, averaging 21.9 points, 6.2 rebounds, 2.9 assists, and 1.5 steals in 34.4 minutes per contest while posting an excellent shooting line of .476/.417/.899.

Although Hill finished the season on a two-year, two-way contract that he signed with New Orleans in February, he didn’t see any action at the NBA level with the Pelicans.

It wouldn’t be a surprise if the Pels have their eye on a specific player to fill their new two-way opening in the coming days, but there’s also nothing stopping them from holding that slot open to start the season.

Pistons Sign Cole Swider To Two-Way Contract

October 21st, 2024 at 9:49am CST by Luke Adams

As expected, the Pistons have filled one of their open two-way slots by signing forward Cole Swider to a two-way contract, the team announced today in a press release (Twitter link).

Reporting on Saturday indicated that Detroit planned to sign Swider and Alondes Williams to two-way deals after they were waived by the Pacers and Clippers, respectively. Swider cleared waivers on Sunday, while Williams will do so later today, assuming he goes unclaimed.

Swider, 25, played his college ball at Villanova and Syracuse before going undrafted in 2022. He spent his rookie season on a two-way contract with the Lakers and the 2023/24 campaign on a two-way deal with the Heat, appearing in 25 total NBA regular season games during that time.

Although the 6’8″ forward didn’t see much NBA action in his first two professional seasons, he excelled in the G League. In 21 outings last season for the Sioux Falls Skyforce, he averaged 24.5 points, 7.5 rebounds, and 2.9 assists per game on .485/.471/.846 shooting, knocking down an impressive 4.7 three-pointers per contest.

Swider was in camp with the Pacers this fall on a non-guaranteed deal and appeared to have a shot to make the team’s regular season roster. However, Indiana – without much breathing room below the luxury tax line – opted to keep its 15th roster spot open to begin the season, which freed up Swider to join the Pistons.

Swider and Williams will join Daniss Jenkins as Detroit’s two-way players to open the 2024/25 season.

Grizzlies Cut Four Camp Invitees

October 19th, 2024 at 5:15pm CST by Luke Adams

As expected, after promoting Yuki Kawamura to a two-way contract, the Grizzlies waived their four other players on Exhibit 10 contracts, Miye Oni, Maozinha Pereira, Armando Bacot, and Miles Norris, per NBA.com’s official transaction log.

Oni, Pereira, Bacot, and Norris were all in the mix for Memphis’ open two-way contract slot after Scotty Pippen Jr. was elevated to the standard roster, but once Kawamura got the nod, hitting waivers was the likeliest outcome for all four players.

Oni, the 58th overall pick in the 2019 draft, appeared in 80 NBA games across two-and-a-half seasons with the Jazz before being traded to the Thunder, who waived him. The former Yale star signed a 10-day contract with the Pelicans in February 2022, but didn’t play a game for the team and hasn’t been in the NBA since then. He spent the 2022/23 season with the London Lions in the British Basketball League and ’23/24 with the Osceola Magic in the G League.

Pereira, a 24-year-old forward from Brazil, signed a pair of 10-day contracts with the Grizzlies last season and and appeared in seven games for the club, averaging 6.9 points and 5.3 rebounds per contest with a .514/.385/.700 shooting line. He spent most of the season with the Mexico City Capitanes in the NBAGL.

Bacot is coming off a decorated five-year college career at North Carolina, where he became the men’s basketball program’s top rebounder for both a single season (511 in 2021/22) and a career (1,715). He averaged 13.9 PPG and 10.1 RPG over the course of 169 college games for the Tar Heels and earned All-ACC honors four times, including First Team nods in 2022 and 2023.

Norris, 24, signed a two-way contract with Atlanta last summer after going undrafted out of California-Santa Barbara. He was waived in December and joined the Hawks’ G League team in College Park, where he averaged 11.6 PPG and 6.0 RPG in 45 games (29.2 MPG). Norris also played for Atlanta in the Las Vegas Summer League the past two years.

The Grizzlies’ G League team – the Memphis Hustle – traded for the returning rights to Oni, Pereira, and Norris during the offseason and can make Bacot an “affiliate player,” so all four players will likely end up with the Hustle. If they spend at least 60 days with Memphis’ NBAGL affiliate, they’ll earn Exhibit 10 bonuses worth $77.5K apiece.

The Grizzlies’ roster now appears set for the regular season, with 14 players on standard contracts and three on two-way deals.

Minor Moves: Thunder, Raptors, Celtics, Lakers, Bucks

October 19th, 2024 at 5:01pm CST by Luke Adams

The Thunder have waived forward Malevy Leons, the team announced today. Leons went undrafted in June out of Bradley and signed an Exhibit 10 contract with Oklahoma City in September. His next stop will likely be with the OKC Blue, the Thunder’s G League affiliate. If he spends at least 60 days with the Blue, Leons will earn an Exhibit 10 bonus worth $77.5K.

Meanwhile, the Thunder’s roster is now regular season compliant. They’re carrying 13 players on standard guaranteed salaries, a pair on non-guaranteed deals, and three on two-way pacts.

Here are a few more minor transactions completed on Saturday around the NBA:

The Raptors signed and subsequently waived forward Kevin Obanor, according to Blake Murphy of Sportsnet (Twitter links). After going undrafted out of Texas Tech in 2023, Obanor spent his rookie season with the Raptors 905. Today’s sign-and-waive transaction suggests he’ll be returning to the 905 this fall — Toronto already held his returning rights, but today’s moves will allow the 25-year-old to cash in on an Exhibit 10 bonus if he spends at least 60 days with the 905.
The Celtics signed Jordan Schakel to an Exhibit 10 deal on Friday, tweets Keith Smith of Spotrac, and waived him on Saturday, according to NBA.com’s official transaction log. As with Obanor, the moves were simply designed to get Schakel a bonus for returning to the Maine Celtics, the team he played for last season. Boston also signed and waived Schakel in September, so it’s unclear why the club did so again a month later.
The Lakers have cut former Belmont standout Grayson Murphy after signing him to an Exhibit 10 contract this week, the team announced on Saturday (Twitter link via Jovan Buha of The Athletic). The 25-year-old point guard spent the past two seasons competing in Germany, but appears ticketed for the South Bay Lakers to open the 2024/25 season.
The Bucks waived center Jalen Lewis after having signed him to an Exhibit 10 contract on Friday, per NBA.com’s transaction log. Lewis, who spent multiple years in the Overtime Elite program, will likely begin the season with the Wiscon Herd, Milwaukee’s G League affiliate.