Transactions Rumors | Hoops Rumors

Sixers Waive George Hill

August 3rd, 2021 at 5:40pm CST by Luke Adams

5:40pm: The Sixers have officially waived Hill, announcing the move in a press release.

12:12am: The Sixers are planning to waive veteran guard George Hill, according to Shams Charania of The Athletic (Twitter link).

Hill, acquired by Philadelphia at the trade deadline in March, is currently under contract for 2021/22 with a cap hit of $10.05MM. However, only about $1.28MM of that salary is guaranteed, so the Sixers can save some money and generate a little extra cap flexibility by releasing him before his salary guarantee deadline this week.

Hill, who began the 2020/21 season with Oklahoma City, averaged 8.7 PPG and 2.4 APG on .482/.388/.800 shooting in 30 total contests (22.4 MPG) for the Thunder and Sixers. He didn’t make much of an impact in the postseason for Philadelphia, with just 4.7 PPG and 1.5 APG in 12 playoff games (17.1 MPG).

While Hill wasn’t exactly a bargain on his $10MM salary, he’d be a worthwhile investment at a lower rate. If and when he clears waivers, he should receive interest from teams looking to add an affordable veteran guard to their bench.

Hornets Sign Ish Smith To Two-Year Deal

August 3rd, 2021 at 5:32pm CST by Luke Adams

AUGUST 7: The Hornets have officially signed Smith, the team announced today in a press release. Based on the order in which Charlotte completed its roster moves this week, it looks like the team signed Smith using its room exception after using up all its cap space.

AUGUST 3: The Hornets have agreed to sign free agent point guard Ish Smith, sources tell Shams Charania of The Athletic (Twitter link).

Charania reports (via Twitter) that it’s a two-year deal, with a team option on the second year. Smith will earn $4.5MM in the first year, Charania adds.

Smith, a Charlotte native, has spent the last two seasons in D.C. as a backup point guard for the Wizards. The 33-year-old averaged 6.7 PPG, 3.9 APG, and 3.4 RPG in 44 games (21.0 MPG) in 2020/21, with a shooting line of .434/.367/.576.

While the Hornets have LaMelo Ball atop their point guard depth chart and Terry Rozier as a strong second option, those two guards often share the court, so Charlotte needed to add a reliable backup after agreeing to send Devonte’ Graham to New Orleans in a sign-and-trade deal. It looks like the team has landed on Smith to fill that role.

The Wizards, meanwhile, are making major changes to their point guard position this offseason, as Russell Westbrook will be traded to the Lakers and Smith won’t be back. Washington has agreed to acquire Aaron Holiday from Indiana and is also finalizing a sign-and-trade deal to acquire Spencer Dinwiddie.

Markieff Morris Signs With Heat

August 3rd, 2021 at 5:31pm CST by Luke Adams

AUGUST 6: The Heat’s flurry of Friday press releases continued with an announcement of Morris’ new deal with the team.

“Markieff Morris has been a player that we’ve followed closely for a number of years,” Heat president Pat Riley said in a statement. “He can play multiple positions, shoot the three, defend and post-up. To be able to add him to our nucleus was a big move. I want to thank Markieff for coming to Miami.”

AUGUST 3: Veteran forward Markieff Morris has agreed to a one-year deal with the Heat, reports ESPN’s Adrian Wojnarowski (Twitter link). It’ll be worth the veteran’s minimum, according to Anthony Chiang of The Miami Herald (Twitter link).

A report on Monday indicated that the Heat had made a contract offer to Morris. A day later, he has accepted it, becoming the latest free agent to make a commitment to Miami this week.

The Heat have focused on adding tough, savvy veterans, having reached deals with Kyle Lowry and P.J. Tucker in addition to Morris. The club also reached an agreement to re-sign sharpshooter Duncan Robinson and is bringing back center Dewayne Dedmon.

Morris, who figures to share minutes with Tucker at the four, spent the last two seasons with the Lakers, playing a rotation role on the championship roster in 2020. This past season, he averaged 6.7 PPG and 4.4 RPG on 4.05/.311/.720 shooting in 61 games (19.7 MPG). He’s typically a slightly more reliable three-point shooter, having made 34.5% of his career attempts prior to 2020/21.

The Heat still have some of their mid-level exception and their full bi-annual exception available, but they don’t have a ton of breathing room below their hard cap to fill out the roster, so they may prefer minimum-salary signings.

Cavaliers Sign Evan Mobley To Rookie Contract

August 3rd, 2021 at 5:02pm CST by Eli Cohen

The Cavaliers have officially signed No. 3 overall pick Evan Mobley, per a team press release.

The former Trojan averaged 16.4 PPG, 8.7 RPG, 2.4 APG and 2.9 BPG in his lone season at USC, showcasing impressive versatility on both ends of the floor. His combination of ball handling and passing ability, flashes of shooting potential, and general defensive dominance firmed up his status as a top-three pick early in the year.

The Cavaliers, after agreeing to sign Jarrett Allen to a five-year, $100MM contract, are locking in their long-term core around Mobley, Allen, Darius Garland, Isaac Okoro and Collin Sexton.

Mobley’s rookie contract is expected to start at around $8.075MM in year one, and the deal is expected to pay him upwards of $36.6MM through its duration.

Raptors Waive Hood, Bembry, Watson

August 3rd, 2021 at 4:29pm CST by Eli Cohen

The Raptors have waived DeAndre’ Bembry, Rodney Hood, and Paul Watson, according to a team press release. All three players had non-guaranteed contracts for the 2021/22 season.

According to Josh Lewenberg of TSN Sports, the Raptors had always planned to waive Hood, who was acquired as part of the team’s trade of Gary Trent for Norman Powell, unless they could use his contract as filler in another trade. Lewenberg also suggests the decisions to waive Watson and Bembry indicate the team is either looking to create added cap flexibility or will simply go elsewhere with its end-of-bench roster spots.

Hood has been a productive player since being drafted 23rd in the 2014 draft by the Jazz, but staying healthy has been a challenge for the 6’7 lefty. Hood fractured his hand after coming over to Toronto, putting an early end on the least productive season of his career.

As we relayed earlier today, Hood already has a deal lined up with the Bucks, who are looking to add more shooting for next year’s playoff run.

In a separate tweet, Lewenberg reports that Toronto’s plan is to waive backup center Aron Baynes before his guarantee deadline tomorrow unless his money is needed in trades, and will retain Chris Boucher through his Sunday guarantee date.

Baynes came over as a free agent in the hopes that he would help stabilize the center position upon the departure of Serge Ibaka and Marc Gasol, but his lone year with the Raptors was a disappointment, with the 34-year-old Australian unable to carve out a role for himself. Boucher, meanwhile, has been a massive development success for the Raptors, turning into a solid rim-protector and three-point shooter in his fourth season.

Lakers Sign Kendrick Nunn

August 3rd, 2021 at 4:15pm CST by Luke Adams

AUGUST 6: The Lakers have made it official with Nunn, announcing his new deal in a press release.

AUGUST 3: The Lakers and point guard Kendrick Nunn are in agreement on a two-year contract with a player option in year two, reports ESPN’s Adrian Wojnarowski (Twitter link).

Agent Adam Pensack tells Shams Charania of The Athletic (Twitter link) that the two-year deal will be worth $10MM, an indication that the Lakers are using the taxpayer mid-level exception to complete the signing.

Nunn turned down more money from the Knicks and other suitors in order to join the Lakers, according to Charania (Twitter link). He should get the opportunity to be Russell Westbrook‘s primary backup at the point on the new-look Lakers in 2021/22.

After beginning the free agency period as a restricted free agent, Nunn had his $4.7MM qualifying offer rescinded by the Heat once it became clear that there wouldn’t be room under the team’s hard cap to fit in a new deal for the 6’2″ guard. That made him unrestricted, opening the door for him to complete a contract agreement with the Lakers.

Nunn, who is celebrating his 26th birthday today, was out of Miami’s rotation at times in 2020/21, but played well when he saw regular minutes, averaging 14.6 PPG, 3.2 RPG, and 2.6 APG on .485/.381/.933 shooting in 56 games (29.5 MPG).

Having committed to using their taxpayer MLE, the Lakers now have a projected tax bill of $42.3MM, notes ESPN’s Bobby Marks (via Twitter).

Lakers Re-Sign Talen Horton-Tucker To Three-Year Deal

August 3rd, 2021 at 4:04pm CST by Luke Adams

AUGUST 6: The Lakers have officially re-signed Horton-Tucker, the team confirmed today in a press release.

AUGUST 3: Restricted free agent guard Talen Horton-Tucker has agreed to a three-year, $32MM deal to return to the Lakers, agents Rich Paul and Lucas Newton tell ESPN’s Adrian Wojnarowski (Twitter link). The deal includes a third-year player option, according to Broderick Turner of The Los Angeles Times (Twitter link).

Horton-Tucker, a second-round pick in the 2019 draft, averaged 9.0 PPG, 2.8 APG, and 2.6 RPG on .458/.282/.775 shooting in 65 games (20.1 MPG) for the Lakers in 2020/21.

Those numbers don’t exactly jump off the page, but Horton-Tucker is being paid more for his potential than his past performance. He won’t turn 21 until November, making him one of the youngest free agents on the market this summer. The Lakers expect him to take a big step forward in 2021/22, according to Wojnarowski (Twitter link).

The Lakers had Early Bird rights on Horton-Tucker and will take full advantage of those rights to re-sign him. The Early Bird exception allowed the team to go up to about $10.4MM for the first year in the 20-year-old’s new contract, and it appears his salary will be something close to that.

With a player option in the third year of his new deal, Horton-Tucker will have the opportunity to hit the open market again at age 22 as an unrestricted free agent. If he takes a major step forward in the next two years, he’ll be in line for a substantial payday at that point.

Blazers Sign Tony Snell To One-Year Deal

August 3rd, 2021 at 3:39pm CST by Luke Adams

AUGUST 10: The Blazers have officially signed Snell, the team announced today in a press release. Portland is now carrying 12 players on standard contracts, with Trendon Watford on a two-way deal and second-round pick Greg Brown still unsigned.

AUGUST 3: The Trail Blazers and free agent wing Tony Snell have agreed to a one-year contract, agent Austin Brown tells Adrian Wojnarowski of ESPN (Twitter link).

Snell, 29, will provide additional shooting on the wing for a Portland team that also reached deals with Norman Powell and Ben McLemore early in free agency.

Snell shot an otherworldly 56.9% on three-point attempts in 47 games (21.1 MPG) for Atlanta in 2020/21, albeit not on a particularly high volume (2.3 attempts per game). He has now knocked down at least 40% of his three-point attempts in four of the last five seasons, and narrowly fell short of that mark in 2018/19 (39.7%).

Terms of Snell’s new deal aren’t yet known, but I’d be a little surprised if it’s worth more than the veteran’s minimum.

Bulls To Acquire DeMar DeRozan From Spurs Via Sign-And-Trade

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

Free agent wing DeMar DeRozan is expected to sign a three-year, $85MM contract with the Bulls, reports Shams Charania of The Athletic (Twitter links).

According to Charania, the Bulls and Spurs are finalizing a sign-and-trade deal that will send DeRozan to Chicago in exchange for Thaddeus Young, a future first-round pick, and two second-round picks. Al-Farouq Aminu will go to San Antonio in the deal too, per ESPN’s Adrian Wojnarowski (Twitter link).

Wojnarowski also provides the details on the draft picks headed to the Spurs, reporting (via Twitter) that the future first-round pick will convey in 2025 at the earliest, since the Bulls owe their 2023 first-rounder to Orlando. The second-rounders Chicago is sending to San Antonio are the Lakers’ 2022 pick and the Bulls’ own 2025 pick, Woj adds.

Chris Haynes of Yahoo Sports (Twitter links), who first reported DeRozan was nearing a deal with Chicago, says his three-year deal will be fully guaranteed.

It’s a fascinating turn of events for the Bulls and for DeRozan, who had reportedly been planning to meet with the Clippers despite their limited cap flexibility. Because acquiring a player via sign-and-trade hard-caps a team at the tax apron, a sign-and-trade for DeRozan likely wasn’t an option for the Clippers, who project to be taxpayers.

However, the Bulls, who had already agreed to acquire Lonzo Ball via sign-and-trade and had two sizeable – and expendable – expiring contracts belonging to Young and Aminu, were in a far better position to make DeRozan an aggressive offer. And they did just that, agreeing to a deal that will add DeRozan to a core that now includes Zach LaVine, Nikola Vucevic, and Ball.

While DeRozan’s lack of a three-point shot (he has made 35 in the last three seasons) is an oddity for a wing in the modern NBA, his mid-range game is deadly and he has become a legitimately dangerous play-maker, averaging a career-best 6.9 assists per game in 2020/21. Opponents will have a tough time stopping lineups featuring him, LaVine, and Vucevic, though it won’t be the most stout group defensively.

Based on their reported moves, the Bulls still have about $19.5MM in breathing room below the tax and $26MM below the hard cap, according to ESPN’s Bobby Marks, who notes (via Twitter) that the team still holds Lauri Markkanen‘s Bird rights.

The Spurs, who have free agent deals in place with Zach Collins and Doug McDermott, still have about $6MM in projected cap space to work with, Marks adds.

Lakers Sign Malik Monk

August 3rd, 2021 at 2:11pm CST by Luke Adams

AUGUST 6: The Lakers have officially signed Monk, per a team release.

AUGUST 3: The Lakers are poised to add another sharpshooter to their roster, having agreed to a deal with free agent guard Malik Monk, according to ESPN’s Adrian Wojnarowski (Twitter link). It’s believed to be a minimum-salary contract, tweets Keith Smith of Spotrac.

Monk, a former 11th overall pick, struggled in his first three NBA seasons, making just 32.2% of his three-point attempts and serving a drug-related suspension in 2020. However, he emerged as a reliable role player in 2020/21, averaging 11.7 PPG on .434/.401/.819 shooting in 42 games (20.9 MPG).

The Hornets opted not to tender Monk a $7MM+ qualifying offer over the weekend, making him an unrestricted free agent and ensuring that a team like the Lakers can sign him outright without having to worry about an offer being matched.

After nearly acquiring Buddy Hield in a trade with Sacramento last week, the Lakers pivoted and agreed to acquire Russell Westbrook instead, creating a major need for shooting on the wing.

The team began to address that need by agreeing to minimum-salary deals with Wayne Ellington, Kent Bazemore, and Trevor Ariza on day one of free agency. Monk will give the Lakers another option for spacing the floor around their stars.