Transactions Rumors | Hoops Rumors

Second-Round Pick Mogbo Agrees To Three-Year Deal With Raptors

July 4th, 2024 at 8:50am CST by Dana Gauruder

The Raptors have agreed to a three-year, $6.11MM contract with forward Jonathan Mogbo, Michael Scotto of HoopsHype reports (Twitter link).

It’s the maximum amount allowed under the current CBA’s second-round exception, as our breakdown shows. Mogbo will earn about $1.86MM as a rookie, which is equivalent to this year’s minimum salary for a player who already has one year of NBA experience. The third year will be a team option.

Mogbo played last season with San Francisco, averaging 14.2 points, 10.2 rebounds, 3.6 assists, 1.6 steals and 0.8 blocks. With the draft split into two rounds last month, Mogbo was the first pick of the second round.

Toronto resisted offers for the pick because they liked Mogbo’s versatility. He’s also a childhood friend of franchise player Scottie Barnes.

Under the previous CBA, over-the-cap teams would have needed to use a chunk of their mid-level exception to give a second-round pick like Mogbo a third year, as we outline in our glossary entry on the second-round pick exception.

Bulls Re-Sign Adama Sanogo To Two-Way Deal

July 3rd, 2024 at 10:30pm CST by Luke Adams

JULY 6: Sanogo has officially signed his two-way contract with the Bulls, per a team press release.

JULY 3: After spending the 2023/24 season on a two-way contract with the Bulls, forward/center Adama Sanogo has agreed to return to Chicago on a new two-way deal, reports Chris Haynes of TNT and Bleacher Report (Twitter link).

Sanogo, who won a national championship with UConn in 2023, declared for the draft as an early entrant that spring. While he wasn’t selected on draft night, he quickly caught on with the Bulls, signing a two-way contract last July.

Sanogo appeared in just nine games at the NBA level as a rookie, but he was productive in his limited action, racking up 36 points and 36 rebounds in 66 total minutes. He also played well in the G League, averaging a double-double (20.4 points, 12.0 rebounds) in just 29.2 minutes per game across 45 total appearances for the Windy City Bulls. He earned a spot on both the NBAGL All-Rookie Team and the All-NBAGL Third Team.

The Bulls issued a qualifying offer to Sanogo last week, making him a restricted free agent. That QO was equivalent to another one-year, two-way contract, so the 22-year-old will likely just accept that offer.

Once Sanogo officially signs, Chicago will have two of its three two-way slots filled, with Andrew Funk‘s deal from February having carried over for a second season.

Hornets’ Tidjane Salaun Signs Rookie Contract

July 3rd, 2024 at 9:12pm CST by Luke Adams

The Hornets have signed lottery pick Tidjane Salaun to his rookie scale contract, the team announced today in a press release.

Salaun is headed to Charlotte after spending the past two seasons with Cholet Basket in France’s top basketball league (LNB Elite). In 54 games with the team in 2023/24, the 6’9″ forward averaged 9.7 points, 3.9 rebounds, and 1.1 steals per contest.

The No. 6 overall pick Salaun was one of three French prospects selected in the top half of the 2024 lottery, joining countrymen Zaccharie Risacher (No. 1) and Alex Sarr (No. 2). He’s also one of the youngest players in this year’s draft class — he won’t turn 19 next until next month.

As our breakdown of rookie scale salaries show, Salaun will earn nearly $7.5MM in 2024/25 and approximately $34MM over the next four years, assuming he signed for the usual 120% of the rookie scale amount and eventually has his third- and fourth-year options exercised.

Heat Re-Sign Thomas Bryant

July 3rd, 2024 at 7:54pm CST by Luke Adams

7:54pm: Bryant has officially re-signed with the Heat, the team confirmed in a press release.

12:49pm: The Heat and Thomas Bryant have reached an agreement on a new one-year contract for the free agent center, league sources tell Marc Stein (Twitter link). The deal will be worth the veteran’s minimum, tweets Anthony Chiang of The Miami Herald.

Bryant, who initially signed a two-year, minimum-salary contract with the Heat last summer, averaged 5.7 points and 3.7 rebounds in just 11.6 minutes per game across 38 appearances.

Miami had envisioned him as the backup at the five behind Bam Adebayo, but the fit wasn’t quite as smooth as either side has hoped, and the 26-year-old was in and out of the rotation for much of the season.

Because the second year of that initial contract was a player option (worth $2.85MM), Bryant was able to opt out and talk to other potential suitors on the open market. However, it seems as if he wasn’t offered any opportunities he liked more than one to remain in Miami for another season.

Bryant will earn slightly less ($2.8MM) on his new contract than he would have on his option, while the Heat’s charge for cap and tax purposes will be just $2.09MM. He’ll join a group of centers that features Kevin Love (who also agreed to a new deal with the Heat) and rookie Kel’el Ware.

Orlando Robinson also remains on the roster on a non-guaranteed contract, but the new deals with Bryant and Love, along with the selection of Ware, make it less likely that he’ll be back, tweets Ira Winderman of The South Florida Sun Sentinel.

Clippers, Mo Bamba Finalize One-Year Deal

July 3rd, 2024 at 7:17pm CST by Luke Adams

JULY 3: Bamba has officially signed with the Clippers, according to the transaction log at NBA.com.

JULY 1: The Clippers and free agent center Mohamed Bamba have reached an agreement on a one-year deal, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

It’ll be worth the veteran’s minimum, tweets Law Murray of The Athletic. That’ll work out to a $2.61MM salary for Bamba and a $2.09MM cap hit for the team.

Bamba, the sixth overall pick in the 2018 draft, spent his first five-and-a-half seasons in Orlando before being traded to the Lakers at the 2023 deadline. After finishing that season in Los Angeles, he signed with the 76ers last summer and averaged 4.4 points, 4.2 rebounds, and 1.1 blocks in 13.0 minutes per game across 57 appearances (17 starts) for Philadelphia. He’s a career 36.1% three-pointer shooter on 2.3 attempts per game.

Ivica Zubac is the Clippers’ starting center, but both of the team’s backups at the five – Mason Plumlee and Daniel Theis – entered free agency this weekend. While Theis remains unsigned, Plumlee has committed to join the division-rival Suns, so L.A. had been in the market for at least one big man.

Outside of the 2021/22 season, when he started 69 games in the middle for Orlando, Bamba has primarily played a modest reserve role across his six years in the NBA, with a career average of 17.2 minutes per contest.

The Clippers have been busy during the first couple days of free agency, reaching contract agreements with James Harden (two years, $70MM), Derrick Jones (three years, $30MM), Nicolas Batum (two years, $9.6MM), Kevin Porter Jr. (two years, minimum salary), and Kris Dunn (terms unknown). They’re also reportedly scouring the market for a possible Russell Westbrook trade and, of course, saw Paul George depart for Philadelphia.

Suns Re-Sign Damion Lee To One-Year Contract

July 3rd, 2024 at 7:16pm CST by Rory Maher

7:16pm: Lee has officially re-signed with the Suns, per NBA.com’s transaction log.

1:04pm: Lee’s new deal is for the veteran’s minimum, tweets Gerald Bourguet of PHNX Sports. He’ll earn slightly less ($2.8MM) than he would’ve on his option, while the Suns’ cap hit will be just $2.09MM instead of $2.85MM, saving them some additional money in tax penalties.

11:23am: Free agent guard Damion Lee is re-signing with the Suns on a one-year contract, tweets ESPN’s Adrian Wojnarowski.

Lee became an unrestricted free agent when he declined his $2.85MM player option for 2024/25 on Saturday. However, he’s returning to Phoenix on a new one-year deal.

A former undrafted free agent who played college ball at Drexel and Louisville, Lee missed the entire ’23/24 season after suffering a meniscus tear in his right knee, which ultimately required surgery.

Lee, 31, initially signed a one-year, minimum-salary contract to join the Suns in the summer of 2022. He then inked a one-and-one contract with Phoenix last summer. During his healthy season with the Suns in ’22/23, Lee averaged 8.2 PPG and 3.0 RPG on a .442/.445/.904 shooting line across 74 contests (20.4 MPG).

Lee started his professional career in the NBA G League before signing a pair of 10-day deals and then later a rest-of-season contract with Atlanta in 2018. He spent the next four years with Golden State, winning a championship with the Warriors as a role player in 2022. He holds career averages of 8.2 PPG and 3.4 RPG on .436/.379/.878 shooting in 290 games, including 58 starts (20.8 MPG).

Rockets Re-Sign Jeenathan Williams To Two-Way Contract

July 3rd, 2024 at 6:39pm CST by Tristan Tucker

The Rockets have re-signed guard Jeenathan Williams to a two-way contract, according to the NBA’s official transaction log. Williams spent the 2023/24 season with Houston on a two-way deal.

In addition to confirming they have re-signed Williams, the Rockets also announced they’ve officially re-signed Jermaine Samuels and Nate Hinton, who each last season on a two-way deal alongside Williams (Twitter link via The Houston Chronicle’s Jonathan Feigen).

It was previously reported that Samuels and Hinton were rejoining the team on Exhibit 10 contracts. So Williams, the only one of the three who received a two-way qualifying offer, is the only one on a two-way deal for now, but Samuels and Hinton are both candidates to be converted at some point, as Feigen previously reported.

In 22 games with Houston last season, Williams averaged 2.9 points. He spent five games at the end of the ’22/23 season with Portland, scoring 10.6 points per game with four starts. Williams played in 11 games (10 starts) with Houston’s G League affiliate — the Rio Grande Valley Vipers — last year, averaging 16.3 PPG and 5.6 RPG.

Hinton played in 15 NBA games, averaging 2.2 points last year. In 37 G League games, he averaged 13.7 PPG, 7.2 RPG and 5.1 APG.

Samuels appeared in 14 games with Houston, averaging 1.4 PPG. Like Williams and Hinton, he played more in the G League, averaging 19.6 PPG and 7.8 RPG in 38 games.

Undrafted center N’Faly Dante is expected to sign a two-way contract from the Rockets, so if he and Williams make it to the opening-night 18-man roster, that would leave just one two-way slot for Samuels, Hinton, and any other Houston camp invitees.

Creighton’s Trey Alexander Signs Two-Way Deal With Nuggets

July 3rd, 2024 at 6:26pm CST by Alex Kirschenbaum

JULY 3: Alexander has officially signed his two-way contract with Denver, per NBA.com’s transaction log.

JUNE 27: Creighton guard Trey Alexander has agreed to sign a two-way deal with the Nuggets, sources tell Harrison Wind of DNVR Sports (via Twitter).

The 6’4″ guard was named a Big East All-Freshman with the Bluejays in 2021/22 and made the All-Big East Second Team in 2023/24. This past season, his best individually in college, the junior averaged 17.6 points per game on .446/.339/.824 shooting splits. He also chipped in 5.7 rebounds, 4.7 assists, and 1.1 steals per bout. Alexander started in all 72 games he played across his final two NCAA seasons.

Denver also agreed to a two-way deal with former Clemson center PJ Hall, a player whom the Nuggets projected as a first-round talent. The team now has just one of its three two-way slots available to be used on another free agent.

It has been an eventful day of roster activity in Denver, as word also broke that the Nuggets are on track to lock up starting point guard Jamal Murray to a four-season, $208MM+ extension once he’s eligible to sign in July.

Celtics Re-Sign Drew Peterson To Two-Way Contract

July 3rd, 2024 at 4:24pm CST by Luke Adams

The Celtics have re-signed forward Drew Peterson to a two-way contract, per NBA.com’s transaction log.

Peterson, 24, went undrafted in 2023 after spending two seasons at Rice and three at USC. He signed an Exhibit 10 contract with Miami and began the season in the fall with the Sioux Falls Skyforce, the Heat’s G League affiliate, before signing a two-way deal with Boston in December.

Although Peterson remained under contract with the Celtics for the rest of the season, he appeared in just three games at the NBA level, spending most of the year in Maine with Boston’s NBAGL team. In 51 total games for Sioux Falls and Maine, he averaged 15.5 points, 6.6 rebounds, and 5.1 assists in 34.3 minutes per contest, posting a shooting line of .474/.373/.836.

Peterson was among the players to receive a two-way qualifying offer ahead of Saturday’s deadline, making him a restricted free agent. He likely simply accepted that qualifying offer – equivalent to another one-year, two-way contract – rather than negotiating a new deal.

With Peterson back on the roster, the Celtics are poised to bring back at least 14 of the 17 players who finished the season on the 18-man roster. Only Oshae Brissett, Svi Mykhailiuk, and JD Davison are unsigned.

Warriors Sign Reece Beekman To Two-Way Contract

July 3rd, 2024 at 3:43pm CST by Alex Kirschenbaum

JULY 3: Beekman’s two-way contract has been officially completed, according to the transaction log at NBA.com.

JUNE 27: The Warriors are signing former Virginia point guard Reece Beekman to a two-way contract, sources inform Shams Charania of The Athletic (via Twitter).

Last season, the 6’3″ senior posted averages of 14.3 points, 6.2 assists, 3.6 rebounds, 2.0 steals and 0.5 blocks per night while starting all of his 34 games.

The 22-year-old was twice named the ACC Defensive Player of the Year across his past two seasons with the Cavaliers, and was a three-time ACC All-Defensive player overall. He was named to the All-ACC Second-Team in 2024 and the All-ACC Third-Team in 2023.

However, Beekman’s jump shot could use some work. For his entire collegiate career, he averaged shooting splits of .429/.319/.767. Only once did he connect on at least 35% of his three-point tries, as a junior in 2022/23. That year, Beekman shot 35.1% from long range on a fairly modest 2.4 attempts per game.

After not making a pick on day one of the draft, the Warriors added Boston College center Quinten Post at No. 52 on day two before heading to the undrafted free agent market and reaching a deal with Beekman.