Transactions Rumors | Hoops Rumors

Nets Sign, Waive K.J. Jones

October 16th, 2024 at 2:30pm CST by Dana Gauruder

OCTOBER 16: The Nets have waived Jones, the team announced today, putting him on track to report to Long Island this fall.

OCTOBER 15: The Nets have signed wing K.J. Jones to an Exhibit 10 contract, according to the RealGM transactions log.

Brooklyn’s agreement with Jones was first reported in late June, shortly after the draft. He appeared in one Las Vegas Summer League game for Brooklyn.

Jones played his college ball at Division II Emmanuel University in Georgia, where he averaged 26.2 points per game in back-to-back seasons. He scored more than 3,600 total points over the course of his five-year collegiate career and posted a shooting line of .482/.371/.868 across those five seasons, also logging career averages of 5.7 rebounds, 3.0 assists, and 1.6 steals per contest.

Jones was the only Division II prospect to receive an invitation to the Portsmouth Invitational Tournament this spring.

Jones will likely be waived and then join the G League’s Long Island Nets. He would be eligible for a bonus up to $77.5K if he stays with the G League team for at least 60 days.

Pelicans Cut Four Players

October 16th, 2024 at 12:46pm CST by Luke Adams

The Pelicans have removed four players from their preseason roster, announcing in a press release on Wednesday that they’ve requested waivers on Elfrid Payton, Keion Brooks Jr., Trhae Mitchell, and Josh Oduro.

All four players were on essentially identical non-guaranteed contracts with Exhibit 10 clauses and will now be eligible to earn bonuses worth $77.5K apiece if they reported to the Birmingham Squadron and spend at least 60 days with New Orleans’ G League affiliate.

Brooks and Oduro went undrafted earlier this year and have no prior G League experience, so they can be designated as “affiliate players” for the Squadron. Payton and Mitchell played for other NBAGL teams last season, but had their returning rights acquired by Birmingham in a pair of separate trades during the offseason.

The Pelicans now have 14 players on guaranteed contracts and three on two-way deals, for a total of 17 players on their preseason roster.

Those are the 17 players who appear likely to open the regular season with the club, though it’s possible New Orleans will continue shuffling Exhibit 10 players on and off the roster over the next few days for G League purposes.

Blazers Sign, Waive James Bouknight

October 16th, 2024 at 12:05pm CST by Luke Adams

OCTOBER 16: Bouknight has been placed on waivers, the Trail Blazers announced today (via Twitter). His next stop figures to be with the Rip City Remix, as outlined below.

OCTOBER 15: The Trail Blazers have signed free agent guard James Bouknight to a non-guaranteed Exhibit 10 contract, the team announced today in a press release.

According to Sean Highkin of Rose Garden Report (Twitter link), the plan is for Bouknight to be waived before the regular season begins and report to the Rip City Remix, Portland’s G League affiliate. His Exhibit 10 contract will make him eligible for a bonus worth up to $77.5K (on top of his standard NBAGL salary) if he spends at least 60 days with the Remix.

The 11th overall pick in the 2021 draft, Bouknight never developed into a reliable rotation player for the Hornets, averaging 4.8 points and 1.7 rebounds in 11.4 minutes per game across 79 career appearances. His shooting line during that time was just .363/.335/.762.

Bouknight also had some legal troubles after making his NBA debut, and battled injuries. The 24-year-old underwent surgery to repair a meniscus injury in his left knee last October and had his fourth-year option for 2024/25 declined a few weeks later. He was subsequently waived in February when the Hornets needed to open up roster spots to accommodate the incoming players in their Gordon Hayward and P.J. Washington trades.

Portland now has 20 players under contract, including 14 on guaranteed salaries, Devonte’ Graham and Dalano Banton on non-guaranteed deals, and three players on two-ways.

Jazz Sign, Waive Justin Lewis

October 16th, 2024 at 12:03pm CST by Dana Gauruder

OCTOBER 16: The Jazz, as expected, have waived Lewis, the team officially announced on Wednesday.

OCTOBER 13: The Jazz have signed forward Justin Lewis, according to a team press release.

It’s an Exhibit 10 contract, so the plan is for Lewis to be waived and then rejoin the Salt Lake City Stars, Andy Larsen of the Salt Lake City Tribune tweets.

Lewis appeared in 29 NBA G League regular season games during the 2023/24 season for the Stars, averaging 5.2 points and 3.2 rebounds in 14.3 minutes per contest. Lewis previously spent portions of the 2022/23 and 2023/24 seasons on a two-way contract with the Bulls. Chicago waived him in December.

The Baltimore native played two collegiate seasons at Marquette (2020-22).

Lewis will be eligible of a bonus worth up to $77.5K if he spends at least 60 days with the Stars.

Grizzlies Sign David Johnson

October 16th, 2024 at 11:02am CST by Luke Adams

The Grizzlies have signed free agent guard David Johnson, the team announced today in a press release (Twitter link). Memphis had an opening on its 21-man preseason roster, so no corresponding transaction was necessary to make room for Johnson.

The 47th overall pick in the 2021 draft out of Louisville, Johnson appeared in just two NBA games with Toronto as a rookie and has spent most of his three professional seasons in the G League, first with the Raptors 905 and then last season with the Memphis Hustle.

Johnson had his best season in 2023/24 for the Grizzlies’ NBAGL affiliate, averaging 17.0 points, 4.7 rebounds, and 3.8 assists in just 26.6 minutes per game across 24 appearances (nine starts). He converted 35.4% of 8.3 three-point attempts per contest.

Johnson also represented Team USA in the 3×3 U23 World Cup last month — he was one of the leading scorers in the FIBA tournament for the U.S. team that fell to the Germans in the gold medal game.

Given that Memphis still controls Johnson’s G League rights, it’s highly likely that the plan is for the Grizzlies to waive him in the coming days so that he can head back to the NBAGL and earn an Exhibit 10 bonus worth up to $77.5K for spending at least 60 days with the Hustle.

Thunder Sign Buddy Boeheim, Cut Alex Reese

October 16th, 2024 at 10:14am CST by Luke Adams

The Thunder have made a pair of roster moves, announcing today that they’ve signed forward Buddy Boeheim and waived forward Alex Reese. Oklahoma City is still carrying 20 players on its preseason roster, one below the limit.

The Thunder and Boeheim agreed to terms on an Exhibit 10 contract all the way back at the start of July, just a couple days after he was waived by the Pistons.

The son of longtime Syracuse coach Jim Boeheim, Buddy spent most of the 2023/24 season with the Motor City Cruise, Detroit’s G League affiliate, before being promoted to the Pistons on a two-way contract in February.

The younger Boeheim made just 10 NBA appearances last season and saw limited minutes, but played a significant role for the Cruise, averaging 15.6 points, 3.4 rebounds, and 1.5 assists in 26.8 minutes per game across 47 Showcase Cup and regular season outings. He made an impressive 41.9% of 8.0 three-point tries per game while also knocking down 86.0% of his free throws.

The Oklahoma City Blue – the Thunder’s G League affiliate – acquired Boeheim’s returning rights in a trade with the Cruise this offseason, so it appears the plan is to waive him before the NBA season begins and have him report to the Blue. That also figures to be the next step for Reese. Both players will earn Exhibit 10 bonuses worth up to $77.5K if they spend at least 60 days with OKC’s NBAGL team.

Hawks Sign, Waive Jarkel Joiner

October 16th, 2024 at 10:02am CST by Luke Adams

OCTOBER 16: As expected, the Hawks have waived Joiner, the team confirmed today in a press release. As detailed below, he’s now on track to earn an Exhibit 10 bonus (worth as much as $77.5K) if he rejoins the College Park Skyhawks and spends at least 60 days with the G League squad.

OCTOBER 15: The Hawks have reached the 21-man preseason roster limit by signing guard Jarkel Joiner to an Exhibit 10 contract, tweets Lauren Williams of The Atlanta Journal-Constitution.

It’s the second straight year in which Joiner has signed an Exhibit 10 deal with the Hawks. He joined the team for training camp last fall after going undrafted out of NC State in 2023, then was waived before the season began and spent his rookie year with the College Park Skyhawks, Atlanta’s G League affiliate.

Appearing in a total of 46 Showcase Cup and regular season games for the Skyhawks last season, Joiner averaged 9.9 points, 4.0 assists, and 2.9 rebounds in 26.9 minutes per game. The 6’1″ guard posted a shooting line of .437/.305/.793.

Joiner has also played for the Hawks’ Summer League team in Las Vegas in each of the past two years.

In all likelihood, the Hawks intend to have Joiner rejoin their NBAGL team this season, in which case they’ll waive him from the NBA roster before opening night. His Exhibit 10 contract will ensure he earns a bonus worth a maximum of $77.5K as long as he spends at least 60 days with the Skyhawks.

Pistons Waive Tosan Evbuomwan

October 16th, 2024 at 8:52am CST by Luke Adams

The Pistons have waived second-year forward Tosan Evbuomwan, reports Tim Bontemps of ESPN (Twitter link).

Evbuomwan had been on a two-way contract, so his release leaves Detroit with a pair of two-way openings. Daniss Jenkins is the only two-way player left on the roster.

After going undrafted out of Princeton in 2023, Evbuomwan spent his rookie season primarily with the Motor City Cruise, Detroit’s G League affiliate, though he signed 10-day contracts with the Grizzlies and Pistons midway through the year and then earned a two-way deal from the Pistons in February. That deal covered two seasons and kept him under contract with Detroit until now.

A 6’8″ forward, Evbuomwan averaged 5.9 points and 3.5 rebounds in 21.6 minutes per game in 17 total NBA appearances (eight starts) with Memphis and Detroit, posting a shooting line of .507/.375/.680. In 34 G League outings with the Cruise, he put up averages of 15.1 PPG, 8.6 RPG, and 3.8 APG on .554/.361/.754 shooting in 34.2 MPG.

The roster move suggests the Pistons may plan on converting one or two of their Exhibit 10 camp invitees to two-way contracts. Tolu Smith, Javante McCoy, Dereon Seabron, and Aaron Estrada are the candidates — Lamar Stevens is also in camp on an Exhibit 10 deal, but isn’t two-way eligible due to his four years of NBA service.

Detroit could also look outside the organization to fill one or both of those two-way openings.

Kings Trade Jalen McDaniels, Second-Round Pick To Spurs

October 16th, 2024 at 7:09am CST by Luke Adams

OCTOBER 16, 7:09am: The Spurs and Kings officially completed their trade on Tuesday, according to NBA.com’s transaction log.

As outlined below, the deal sent McDaniels, cash, and the Kings’ unprotected 2031 second-round pick to San Antonio in exchange for the Bulls’ top-55 protected 2025 second-round pick. Sacramento also created a $4.74MM trade exception.

The Spurs, who cut Isaiah Miller in order to complete the trade, also intend to waive McDaniels but haven’t officially done so yet.

OCTOBER 14, 5:15pm: The Kings are sending their 2031 second-round pick to San Antonio along with McDaniels and cash, Charania writes in his full story at ESPN.com.

The Spurs will send Sacramento the Bulls’ top-55 protected 2025 second-rounder, tweets Michael Scotto of HoopsHype. If it lands in the top 55, which is highly likely, San Antonio will keep the pick.

OCTOBER 14, 3:02pm: The Kings and Spurs have agreed to a trade that will send forward Jalen McDaniels and a second-round pick to San Antonio, reports Shams Charania of ESPN (Twitter links).

It’s a salary-dump deal for Sacramento, while San Antonio will take on McDaniels’ $4.74MM expiring contract in order to acquire that second-round draft pick. According to Charania, the Spurs intend to waive McDaniels after the trade is official, so his salary will remain on their cap as dead money for the rest of 2024/25.

The 52nd overall pick in the 2019 draft, McDaniels showed some promise during the first four years of his career, which he spent primarily in Charlotte. His height (6’9″), wingspan (7’0″), and athleticism made him a versatile piece on defense, and he displayed a little outside shooting ability, making 34.2% of his three-point tries with the Hornets. The Sixers traded for him at the 2023 trade deadline.

However, McDaniels’ production and playing time cratered last season in Toronto after he signed a two-year, $9.26MM contract with the Raptors. He was sent to Sacramento in another Kings salary dump at the start of the 2024 offseason — in that trade, the Kings sent Sasha Vezenkov and Davion Mitchell to the Raptors, trimming over $8MM in salary by moving off two players who were each due salaries over $6MM.

The Kings still had financial constraints entering the preseason though, with a total team salary of about $169.7MM for 14 players. That gave them just over $1MM in breathing room below the luxury tax line, making it impossible to open the season with a full 15-man roster while staying out of tax territory. They also have some players who have unlikely incentives in their contracts, so their team salary could rise higher if those bonuses are earned.

Last month, when we identified five teams who could make cost-cutting moves, we mentioned the Kings, singling out McDaniels as a trade candidate, given his contract situation and his place on the team’s depth chart. At the time, we suggested it would likely take a second-round pick to move off his deal, which turned out to be the case.

Once the trade is official, the Kings will be carrying 13 players on standard contracts (11 fully guaranteed) and will have enough spending room below the tax line to fill out their 15-man regular season roster with minimum-salary players. Of course, they could still choose to open the season with fewer than 15 players in order to maximize their flexibility, if they so choose.

Sacramento will also create a trade exception worth McDaniels’ $4.74MM salary.

For their part, the Spurs can comfortably take on McDaniels’ contract using a portion of their $8MM room exception, so no outgoing matching salary is required. The Spurs have one of the lowest team salaries in the NBA and will still have plenty of room below the tax line after eating that contract.

For their troubles, they’ll add another second-round pick to their growing collection of draft assets. The incoming pick from the Kings will be unprotected, while the Spurs will send back a heavily protected future second-rounder to make the trade legal, tweets Jeff McDonald of The San Antonio Express-News.

San Antonio has a full 21-man roster, so a player will have to be waived in order to make room for McDaniels — one of the Spurs’ camp invitees on an Exhibit 10 deal figures to be the roster casualty.

Grizzlies Convert Scotty Pippen Jr. To Four-Year Contract

October 15th, 2024 at 6:37pm CST by Dana Gauruder

6:37pm: Pippen Jr. has officially signed his new contract, the team’s PR department tweets.

5:02pm: The Grizzlies are promoting Scotty Pippen Jr. from his two-way contract to their standard roster and signing him to a new four-year deal, Michael Scotto of HoopsHype tweets.

Pippen appeared in 21 games for the injury-ravaged Grizzlies last season, including 16 starts, and averaged 12.9 points, 4.7 assists, 3.2 rebounds and 1.7 steals. He continued to play well in Summer League games, averaging 21.5 PPG, 8.7 APG and 5.0 RPG in six Las Vegas contests.

Pippen has the inside track at backing up Ja Morant if the club doesn’t acquire another point guard. Heading into camp, Pippen and Derrick Rose were the main candidates for that spot, but that changed quickly when Rose announced his retirement.

Pippen, 23, went undrafted in 2022. He signed a two-way deal with the Lakers that year and spent most of his time in the G League while appearing in six NBA contests. The Lakers waived him during training camp last October and he signed with the Grizzlies on that two-way contract in mid-January.

The Grizzlies will still have an open spot on their projected 15-man regular season roster, though they don’t necessarily need to add another player for opening night.