Transactions Rumors | Hoops Rumors

Wizards To Acquire Spencer Dinwiddie Via Sign-And-Trade

August 4th, 2021 at 11:56pm CST by Luke Adams

11:56pm: The Spurs are sending the draft rights to 2015 first-round pick Nikola Milutinov to the Nets in the five-team trade, according to Fred Katz of The Athletic (Twitter link). That will satisfy the “touching” requirements we outlined below and allow the deal to be officially completed once the moratorium ends on Friday.

Katz adds (via Twitter) that the Wizards have also agreed to trade one more second-round pick (Chicago’s 2023 selection) to the Lakers. Washington is giving up five second-round selections in the deal (three to the Lakers, one to the Spurs, and one to the Nets), as well as a second-round swap (to the Nets).

Finally, Katz reports that the third year of Dinwiddie’s contract will be partially guaranteed (Twitter link).

5:04pm: The Wizards and Spencer Dinwiddie are in agreement on a three-year, $62MM deal that will land the veteran point guard in Washington, reports Shams Charania of The Athletic (Twitter link). The club will acquire Dinwiddie from the Nets via sign-and-trade.

That $62MM figure had been expected for Dinwiddie’s deal with the Wizards, since it’s the most the team could pay him by looping his sign-and-trade into the larger Russell Westbrook deal with the Lakers, notes Fred Katz of The Athletic (Twitter link).

According to Charania (Twitter link), the Nets will receive a second-round pick and a draft-pick swap from the Wizards in the sign-and-trade agreement. The move will also create an $11.5MM trade exception for Brooklyn.

Additionally, the Wizards will trade Chandler Hutchison and a second-round pick to the Spurs as part of the multi-team deal, Charania reports (via Twitter). Moving Hutchison’s $4MM+ salary will allow Washington to remain out of tax territory for now, tweets ESPN’s Bobby Marks.

Adrian Wojnarowski of ESPN (Twitter link) provides the details on the draft assets, reporting that the Wizards are sending a 2022 second-rounder to San Antonio and a 2024 second-rounder to Brooklyn, as well as a 2025 second-round pick swap to the Nets.

The 2022 second-round pick headed to San Antonio will be the most favorable of the Lakers’, Bulls’, and Pistons’ second-rounders, tweets Fred Katz of The Athletic.

That 2025 swap will give Brooklyn a chance to send Golden State’s second-rounder to Washington in exchange for the Wizards’ 2025 second-rounder, tweets Tim Bontemps of ESPN. The 2024 second-rounder will be the more favorable of the Wizards’ and Grizzlies’ selections, Bontemps adds.

In total, Wojnarowski tweets, the deal will include five teams: the Wizards, Nets, Spurs, Lakers, and Pacers. The Westbrook trade agreement and the Wizards’ deal for Aaron Holiday will become part of this larger deal once it’s officially completed after the moratorium lifts on Friday.

Here’s what the full trade should look like, based on the details reported to date:

Wizards to acquire Dinwiddie (via sign-and-trade), Kyle Kuzma, Kentavious Caldwell-Pope, Montrezl Harrell, Holiday, and the draft rights to Isaiah Todd (No. 31 pick).
Lakers to acquire Westbrook, either the Wizards’ or the Grizzlies’ 2024 second-round pick (whichever is less favorable; from Wizards), and the Wizards’ 2028 second-round pick.
Nets to acquire either the Wizards’ or the Grizzlies’ 2024 second-round pick (whichever is more favorable; from Wizards) and the right to swap their the Warriors’ 2025 second-round pick for the Wizards’ 2025 second-round pick.
Spurs to acquire Hutchison and either the Bulls’, Lakers,’, or Pistons 2022 second-round pick (whichever is most favorable; from Wizards).
Pacers to acquire the draft rights to Isaiah Jackson (No. 22 pick).

As Eric Pincus of Bleacher Report points out (via Twitter), there will likely be at least one more piece involved between the Nets and Spurs in order to satisfy the rule that every team in a multi-team trade must “touch” two other teams in the deal. As reported so far, Brooklyn and San Antonio are each only receiving assets from (or sending an asset to) the Wizards. That last piece would likely be something minor, such as cash or the draft rights to a stashed player.

In Dinwiddie, the Wizards are getting a 28-year-old point guard who is coming off a lost season. He appeared in just three games before missing the rest of the 2020/21 campaign due to a partially torn ACL. However, Dinwiddie was reportedly cleared for all basketball activities in June and the expectation is that he’ll be good to go for the fall.

In his last full season, Dinwiddie averaged 20.6 PPG and 6.8 APG on .415/.308/.778 shooting in 64 games (31.2 MPG) for Brooklyn in 2019/20.

Word broke on Monday night that the Wizards and Dinwiddie were nearing an agreement, but the club didn’t have the cap space necessary to acquire him without getting the Nets’ cooperation in a sign-and-trade. Because Brooklyn didn’t want to take on any salary but wanted an asset or two for agreeing to play ball, it took all involved parties a couple days to work out the details of the deal that would get the point guard to D.C.

Sixers Re-Sign Danny Green

August 4th, 2021 at 11:25pm CST by Luke Adams

AUGUST 7: The Sixers have officially re-signed Green, the team announced today in a press release.

“Bringing Danny back was a top priority for our organization this offseason,” president of basketball operations Daryl Morey said in a statement. “He has proven to be an important leader on and off the floor, and he knows what it takes to win an NBA title as a three-time champion. We are very happy that he’ll continue to remain a crucial part of the 76ers.”

AUGUST 4: The Sixers have agreed to terms with veteran swingman Danny Green on a two-year deal that will bring him back to Philadelphia, according to his Inside The Green Room podcast co-host Harrison Sanford (Twitter link). A league source confirms the news to veteran NBA reporter Marc Stein (Twitter link).

Because the 76ers have Early Bird rights on Green, they won’t need to use their mid-level exception to complete the signing.

Agent Raymond Brothers tells ESPN’s Adrian Wojnarowski (Twitter link) that the 34-year-old’s new deal won’t include any options. However, a follow-up tweet from Sanford suggests the second year will be non-guaranteed, with a July 1, 2022 guarantee date.

According to Sanford (Twitter link), Green had discussions with the Nets, Celtics, Bucks, Bulls, and Warriors, among other teams, during free agency this week. He turned down a two-year offer from the Cavaliers, Sanford adds.

A 12-year NBA veteran who has won titles with three different teams, Green started all 69 games he played for Philadelphia in 2020/21, averaging 9.5 PPG, 3.8 RPG, and 1.3 SPG with a .412/.405/.775 shooting line in 28.0 MPG.

Green has long been a reliable three-and-D wing, having knocked down 40.1% of his career attempts from beyond the arc.

The Sixers waived George Hill this week and lost Dwight Howard to the Lakers, but have now lined up deals to bring back both Green and Furkan Korkmaz. The club also signed Andre Drummond to a minimum-salary contract on Wednesday and has agreed to a deal with forward Georges Niang.

Thunder Rescind Sviatoslav Mykhailiuk’s Qualifying Offer

August 4th, 2021 at 9:55pm CST by Arthur Hill

The Thunder have pulled their qualifying offer for Sviatoslav Mykhailiuk, tweets Michael Scotto of HoopsHype. The third-year swingman will now be an unrestricted free agent.

The offer was valued at about $2.08MM and it covered just the upcoming season. By rescinding it, Oklahoma City no longer has the opportunity to match any offer that Mykhailiuk might receive in free agency.

The Thunder acquired Mykhailiuk in a March trade with the Pistons. He appeared in 30 games for OKC, starting nine, and averaged 10.3 points and 3.0 rebounds per night.

Nuggets Ink Bones Hyland To Rookie Deal

August 4th, 2021 at 9:36pm CST by Arthur Hill

Bones Hyland, taken with the 26th pick in last week’s draft, has signed a rookie contract with the Nuggets, according to the NBA.com transactions page.

Hyland was a high-scoring guard who spent two years at Virginia Commonwealth. He earned Atlantic 10 Player of the Year honors as a sophomore, averaging 19.5 points, 4.7 rebounds, 2.1 assists and 1.9 steals per game.

Most first-year players receive 120% of the rookie salary scale, so Hyland will likely earn a little more than $2MM in 2021/22 and can get up to $10.76MM over the next four years. We track all of this season’s rookie scale salaries here.

Warriors Sign Jonathan Kuminga To Rookie Contract

August 4th, 2021 at 9:32pm CST by Luke Adams

Seventh overall pick Jonathan Kuminga formally signed his rookie scale contract with the Warriors on Tuesday, per NBA.com’s transactions log.

Kuminga made it official with Golden State a day before making his pro debut at the California Classic Summer League in Sacramento. He scored 18 points on 7-of-14 shooting against Miami’s Summer League squad on Wednesday.

As our breakdown of this year’s rookie scale salaries shows, Kuminga – the No. 7 overall pick in last Thursday’s draft – is projected to earn $5.47MM in his rookie season, assuming he signed for the maximum allowable amount (120% of the rookie scale). His four-year deal will be worth nearly $25MM in total.

The Warriors haven’t made an official announcement yet about signing Kuminga — they’ll likely send out a press release in the coming days to announce his deal and Moses Moody‘s at the same time.

Corey Kispert Signs Rookie Deal With Wizards

August 4th, 2021 at 9:23pm CST by Arthur Hill

The Wizards have signed Corey Kispert to a rookie contract, according to NBA.com’s transactions page.

Kispert, 22, was the 15th pick in this year’s draft. He earned first-team All-America honors at Gonzaga and helped the Zags reach the national championship game. Kispert put up career-best numbers as a senior, averaging 18.6 points and 5.0 rebounds per game while shooting 52.9% from the field and 44.0% from three-point range.

Assuming he received 120% of the rookie salary scale, Kispert will earn about $3.38MM in his first season and can make up to $16.36MM over the four-year deal.

Hawks Sign Sharife Cooper To Two-Way Contract

August 4th, 2021 at 9:18pm CST by Luke Adams

The Hawks have signed second-round pick Sharife Cooper to a two-way contract, according to the official transactions log at NBA.com.

Cooper, the 48th overall pick in last Thursday’s draft, had a brief college career, playing just 12 games in his freshman year for Auburn before a left ankle injury derailed his season. He looked good in his limited action though, averaging 20.2 PPG, 8.1 APG, and 4.3 RPG in 33.1 minutes per contest for the Tigers.

Signing Cooper to a two-way contract means Atlanta won’t have to save a spot for him on the 15-man regular season roster. He’ll occupy one of the team’s two-way slots instead and will be eligible to appear in up to 50 NBA games while on that contract.

It remains to be seen who will join Cooper on that second two-way deal in Atlanta. The team has a qualifying offer out to Skylar Mays, one of its two-way players from 2020/21, but so far he hasn’t accepted it.

Wolves Sign Nathan Knight To Two-Way Deal

August 4th, 2021 at 9:16pm CST by Eli Cohen

AUGUST 4: Knight’s two-way contract with the Timberwolves is now official, according to NBA.com’s transactions log.

AUGUST 3: The Timberwolves have agreed to a two-way deal with Nathan Knight, reports Michael Scotto of HoopsHype.

Knight, a 6’10” undrafted free agent out of William & Mary, played well in limited minutes for the Hawks last season, showcasing impressive athleticism, motor, and rebounding, and even hitting six of his 33 threes over the course of the year.

Knight averaged 20.9 PPG and nearly 10 RPG in his final two years at William & Mary, and capped off an impressive senior year by being named CAA Player of the Year and CAA Defensive Player of the Year.

According to Darren Wolfson of SKOR North, the Wolves beat out the Thunder and Warriors to land Knight, who will join McKinley Wright IV as the Wolves’ second two-way contract.

Raul Neto Re-Signs With Wizards

August 4th, 2021 at 7:48pm CST by Arthur Hill

AUGUST 7: Neto has officially re-signed, according to a team press release.

“We are very pleased to bring Raul back after the career year he had for us last season,” Wizards GM Tommy Sheppard said. “He was one of our most consistent players with a toughness and tenacity on both ends of the floor that allowed him to lead our second unit and step in when called upon as a starter.”

AUGUST 4: The Wizards will re-sign free agent guard Raul Neto, tweets Shams Charania of The Athletic.

Neto, 29, signed with Washington as a free agent last November. He averaged 8.7 points, 2.4 rebounds and 2.3 assists as the primary backup to Russell Westbrook, but also made 22 starts. He figures to keep the same role this season now that the Wizards have a sign-and-trade agreement for Spencer Dinwiddie, although Aaron Holiday will be in the mix as well.

A native of Brazil, Neto was drafted in 2013, but didn’t come to the NBA until two years later. He spent his first four seasons with the Jazz before signing with the Sixers in 2019.

Saben Lee Re-Signs With Pistons

August 4th, 2021 at 6:32pm CST by Arthur Hill

AUGUST 6: Lee’s new deal with the Pistons is now official, per NBA.com’s transactions log. We’re still waiting on the exact terms of the contract.

AUGUST 4: After a promising rookie season, Saben Lee will sign a three-year contract to stay with the Pistons, tweets ESPN’s Adrian Wojnarowski. The deal includes a team option on the third year, according to Omari Sankofa II of The Detroit Free Press (Twitter link).

The 22-year-old guard was part of a strong rookie class that Detroit put together last season. Selected with the 38th pick, he was acquired from the Jazz in a draft-night trade. He earned a spot in the Pistons’ rotation and averaged 5.6 points, 2.0 rebounds and 3.6 assists in 48 games.

Lee, who spent last season on a two-way contract, was a restricted free agent after receiving a qualifying offer over the weekend. Because he spent a year on that two-way deal, Detroit had Non-Bird rights on Lee and was able to do the three-year deal without using cap room, tweets Bobby Marks of ESPN.

While the exact financial details aren’t yet known, the Non-Bird exception would allow the Pistons to give Lee a starting salary worth no more than 120% of the minimum.