Transactions Rumors | Hoops Rumors

Knicks Sign Luca Vildoza To Four-Year Deal

May 6th, 2021 at 2:48pm CST by Luke Adams

MAY 6: The Knicks have officially signed Vildoza, the team announced in a press release. While the deal has been finalized, it remains unclear exactly when the 25-year-old will be able to report to the team.

New York now has a full 17-man roster.

MAY 5: The Knicks and Argentinian guard Luca Vildoza have reached an agreement on a four-year deal worth $13.6MM, agent Alex Saratsis of Octagon Sports tells Adrian Wojnarowski of ESPN.

According to Wojnarowski, Vildoza intends to fly to New York once he clears the immigration process, but it remains unclear exactly when he’ll complete his deal or whether he’ll be available for the Knicks at all this season. His exact timeline will depend on how long it takes him to go through the immigration process, to undergo a physical, and to clear the NBA’s health and safety protocols.

Wojnarowski reports that only the first year of Vildoza’s contract will be guaranteed. New York will have a chance to evaluate him in the Olympics, Summer League, and training camp before having to commit to a second-year guarantee, Woj notes.

Vildoza, 25, has been playing basketball professionally since 2012, having started his career with Quilmes in Argentina. He joined Baskonia in 2017 and has spent the last four seasons in Spain, playing a key role in the club’s backcourt. In 31 EuroLeague games in 2020/21, he averaged 10.1 points and 3.4 assists in 25.2 minutes per contest, posting a shooting line of .410/.376/.761.

Reports last week indicated that the Knicks were eyeing a deal with Vildoza, who had reportedly agreed to a buyout with Baskonia. The club still has cap room available, which will be used to accommodate a long-term contract worth more than the veteran’s minimum. The signing will push the Knicks above the minimum salary floor for 2020/21, Bobby Marks of ESPN tweets.

Once Jared Harper‘s 10-day contract expired on Sunday night, the Knicks had one open spot on their 15-man roster and one open two-way contract slot. The team announced that Harper received a second 10-day deal, but the league’s official transactions log showed that he was actually re-signed to a two-way contract, which Hoops Rumors has confirmed. As such, there’s an open spot on the 15-man squad for Vildoza.

Nets Expected To Sign Mike James To Rest-Of-Season Deal

May 6th, 2021 at 2:33pm CST by Luke Adams

Mike James‘ second 10-day contract with Brooklyn will run through next Wednesday, but there’s already an expectation that the Nets intend to sign him for the rest of the season when that deal expires, according to a report from Dionysis Aravantinos of Eurohoops.com.

James, 30, has appeared in seven games for the Nets so far, averaging 6.7 points and 3.6 assists in 16.1 minutes per contest. He had 11 points and eight assists in a win over Toronto last Tuesday, and put up 15 points in a loss to Portland on Friday.

Since there’s still nearly a full week before James will be eligible to sign a rest-of-season contract, it’s possible the Nets’ plans could change between now and next Thursday. However, the veteran guard has produced as expected so far, providing backcourt depth and knocking down 35.7% of his three-point attempts.

As Aravantinos notes, James is only in the NBA temporarily, as his rights will belong to CSKA Moscow in Europe for the next two seasons after 2020/21. So if and when Brooklyn re-signs him, he won’t be able to get a multiyear deal.

Magic To Sign Admiral Schofield Via Hardship Exception

May 6th, 2021 at 10:48am CST by Luke Adams

The Magic intend to sign free agent forward Admiral Schofield, according to Josh Robbins and Shams Charania of The Athletic (Twitter link). Orlando has been granted a hardship exception, so the team won’t have to waive anyone to open up a spot on its 15-man roster for Schofield.

A team can receive a hardship exception when it has at least four players who have missed three or more games due to injury/illness and those players are expected to remain sidelined for another two weeks (or, in this case, through the end of the regular season). Jonathan Isaac and Markelle Fultz have long been ruled out for the season, and the Magic have five other players who have missed at least three games and may not return before season’s end.

Schofield, 24, was selected with the 42nd overall pick in the 2019 draft, but lasted just one year with the Wizards. He was traded during the 2020 offseason to the Thunder, who subsequently waived him.

The former Tennessee standout signed a G League contract and was the first player selected in January’s NBAGL draft. He averaged a modest 10.1 PPG and 5.7 RPG in 14 games (26.2 MPG) for the Greensboro Swarm – Charlotte’s G League affiliate – and struggled with his shot, making only 38.2% of his attempts from the floor and 22.7% from beyond the three-point line.

Despite his inconsistent play at the Walt Disney World bubble, the Magic will take a flier on Schofield down the stretch. Robbins and Charania indicate he”ll receive a 10-day contract, which suggests the deal will be completed today — as of tomorrow, there will only be 10 days left in the regular season, so any standard contract signed after today would just be a rest-of-season arrangement.

Charlie Brown Jr. Inks Second 10-Day Deal With OKC

May 5th, 2021 at 5:45pm CST by Alex Kirschenbaum

The Thunder have signed guard Charlie Brown Jr. to his second 10-day deal following the expiration of his first one on Tuesday night, the team announced in a press release.

Since first joining Oklahoma City late last month, Brown has logged time in three games, including one start, and is averaging 5.0 PPG, 2.3 RPG and 1.0 SPG across 15.9 MPG.

Brown went undrafted out of Saint Joseph’s in 2019, and signed with the Hawks as a two-way player for 2019/20. This season, he appeared in 13 games with the Timberwolves’ G League affiliate, the Iowa Wolves, within the NBAGL’s “bubble” campus in Orlando. Brown averaged 12.5 PPG, 5.5 RPG, 1.9 APG and 1.69 SPG across 30.0 MPG for Iowa.

Brown’s new deal will run through May 14. The Thunder will have to decide after that whether to sign him to a rest-of-season contract that covers the club’s final game on May 16.

Magic Sign Sindarius Thornwell To Two-Way Contract

May 4th, 2021 at 10:42am CST by Luke Adams

The Magic have signed free agent guard Sindarius Thornwell to a two-way contract, the team announced today in a press release. Devin Cannady has been waived in a corresponding roster move.

Thornwell, 26, spent his first two NBA seasons with the Clippers after being selected 48th overall in the 2017 draft. He later caught on with the Pelicans for the 2020 summer restart and spent much of the 2020/21 season with New Orleans as well, first on a non-guaranteed contract, then on a pair of 10-day deals. The Pels didn’t re-sign him after that, largely due to luxury tax concerns.

In 153 career games, Thornwell has averaged just 2.5 PPG and 1.3 RPG in 10.3 minutes per contest. However, his shooting percentages (.414 FG%, .348 3PT%) haven’t been too bad, and he’s considered a solid perimeter defender.

Cannady recently underwent season-ending ankle surgery and was on an expiring deal, so there was no real incentive for the Magic to keep him under contract for the rest of the 2020/21 season. I’d expect Orlando to consider him for either a new two-way deal or a spot on the team’s G League affiliate once he fully recovers from his ankle injury.

Cavs Officially Sign Anderson Varejão To 10-Day Deal

May 4th, 2021 at 10:18am CST by Luke Adams

The Cavaliers have officially brought back longtime center Anderson Varejão, announcing today in a press release that they’ve signed him to a 10-day contract. The move had been expected once Cleveland was granted a hardship exception, which allows the team to carry an extra player.

If it feels like it’s been a while since you’ve seen Varejão in the NBA, you’re not wrong — the 38-year-old big man played his last NBA game on February 2, 2017 before being waived by the Warriors a day later. He spent two years playing professionally in Brazil after that, but has been inactive since 2019.

The Cavaliers view their reunion with Varejão as a “celebratory contract” for a player who spent over a decade with the franchise, as Chris Fedor of Cleveland.com wrote last week. It’s probably safe to assume Varejão won’t be a regular rotation player for the Cavs during the next 10 days, but he’s expected to see a little action before he officially calls it a career.

“Andy embodies all that the city of Cleveland stands for and beyond, and we couldn’t be more excited to bring his experience, leadership and character back into this locker room,” Cavaliers general manager Koby Altman said in a statement. “His infectious work ethic and commitment to our community have earned him his rightful place in the fabric of this organization and all of Northeast Ohio, and have established a genuine admiration that resonates strongly throughout our passionate fan base.

“There are not many athletes who can impact the game of basketball the way Andy has over his career, and I feel that our players will benefit greatly from their daily interaction with him. We are thrilled to welcome Andy and family back to the Cavaliers.”

Varejão, who put out his own statement expressing gratitude to Altman and team owner Dan Gilbert for the opportunity, spent 13 seasons in the NBA, including over 11 with Cleveland. In 591 career regular season games with the franchise, he averaged 7.6 points and 7.5 rebounds per contest. He also played in 71 postseason games with the Cavs before finishing his career with the Warriors.

Because a contract signed using a hardship exception can only be a 10-day deal, Varejão’s contract – which will pay him $175,668 – will only run through May 13. Assuming the Cavs still meet the criteria for the hardship provision, they could sign him to a rest-of-season contract after that if they want to retain him for the last two games of the season.

Photo courtesy of USA Today Sports Images.

Knicks Re-Sign Jared Harper

May 3rd, 2021 at 6:24pm CST by Dana Gauruder

The Knicks have signed point guard Jared Harper to a second 10-day contract, the team announced today (via Twitter). Harper had his two-way deal turned into a 10-day contract on April 23rd. That 10-day contract expired on Sunday night.

NBA.com’s official log of transactions lists Harper as having signed a two-way deal, but the Knicks’ announcement suggests he’s back on the 15-man roster. Assuming that’s the case, the team still has an open two-way slot.

Harper, 23, has made six brief appearances with New York in 2020/21 after seeing action in three games with Phoenix last season.

Harper was claimed off waivers in June. Though he hasn’t seen much NBA action, he excelled in the G League season at the Orlando bubble. In 12 G League contests this season, Harper averaged 21.3 PPG and 7.0 APG and was named to the All-NBA G League First Team.

Harper has received more money by having his initial two-way contract converted. He was earning $3,076 per day on his two-way, while a 10-day deal pays him $9,902 per day.

Harper spoke to Hoops Rumors earlier this season about his experience in the G League and the time he has spent on the Knicks’ roster.

Nets Sign Mike James To Second 10-Day Contract

May 3rd, 2021 at 10:19am CST by JD Shaw

MAY 3: The Nets have made it official, announcing in a press release that they’ve signed James to his second 10-day contract.

MAY 2: The Nets plan to sign guard Mike James to a second 10-day contract, Marc Stein of the New York Times tweets.

James’ initial 10-day deal with Brooklyn will expire on Sunday night, so he’ll be able to sign his new deal on Monday. The 30-year-old’s second 10-day would expire during the last week of the regular season, at which point he’d be eligible to sign a standard contract if the Nets want to keep him around for the playoffs.

James averaged 7.4 points, 4.2 assists and 19.6 minutes per game during his first 10-day deal, appearing in a total of five contests. He shot 36% from the floor and 27% from deep in those outings.

Brooklyn signed James to a 10-day deal last month after releasing veteran LaMarcus Aldridge, who retired after dealing with health concerns. The team owns the second-best record in the East at 43-22 and plays Milwaukee for a second straight game on Tuesday.

Sixers Sign Anthony Tolliver For Rest Of Season

May 2nd, 2021 at 10:19am CST by Luke Adams

MAY 2: The move is official, tweets Keith Pompey of The Philadelphia Inquirer.

APRIL 30: The Sixers intend to sign veteran power forward Anthony Tolliver for the remainder of the season once his current 10-day deal expires, sources tell Shams Charania of The Athletic (Twitter link).

Tolliver, who was out of the NBA for most of the 2020/21 season, signed a 10-day contract with Philadelphia on April 12, then got a second 10-day commitment from the team on April 22. That second deal will expire on Saturday night, so the 35-year-old’s rest-of-season deal figures to be finalized on Sunday.

Having made five appearances so far for the 76ers, Tolliver hasn’t exactly put up big numbers in his limited role, averaging just 1.6 points and 1.6 rebounds on .100/.143/.833 shooting in 12.4 minutes per contest. However, the 13-year veteran has a strong NBA track record, including a career .373 3PT%, and brings some playoff experience to Philadelphia’s roster.

Tolliver currently holds the 15th and final spot on the Sixers’ standard roster, and the team has also filled both two-way slots, so re-signing the former Creighton standout on Sunday could be the last roster move the club makes before the playoffs begin.

After earning $175,668 on each of his 10-day contracts, Tolliver will make $263,502 over the final 15 days of the regular season.

Photo courtesy of USA Today Sports Images.

Magic Sign Ignas Brazdeikis To 10-Day Deal, Release Donta Hall

May 2nd, 2021 at 8:33am CST by Arthur Hill

9:39am: The Magic announced the Brazdeikis signing (via Twitter) and have released Hall from his 10-day contract a day before it would have expired.

8:33 am: Ignas Brazdeikis will sign a 10-day contract with the Magic, tweets Josh Robbins of The Athletic.

Brazdeikis, 22, started the season with the Knicks, but only played four games before being traded to the Sixers in March. He got into one game for Philadelphia, but was waived last month to open a roster spot.

In two NBA seasons, Brazdeikis has played a total of 14 games, averaging 1.4 points in 4.9 minutes per night. Most of his action has come in the G League, where he averaged 20.9 PPG and 8.1 RPG in two seasons with Westchester.

Orlando has a full roster, with Donta Hall‘s second 10-day contract expiring later today, so it appears Hall won’t be signed for the rest of the season. The 23-year-old big man got into eight games for the Magic, averaging 3.1 points and 4.4 rebounds per night.