Transactions Rumors | Hoops Rumors

Lakers Sign Ben McLemore To Rest-Of-Season Deal

April 6th, 2021 at 7:00pm CST by Luke Adams

7:00pm: The Lakers have issued a press release officially announcing the addition of McLemore.

2:14pm: Free agent guard Ben McLemore has reached an agreement to sign with the Lakers, according to Shams Charania of The Athletic (Twitter link). It’ll be a rest-of-season contract, Charania adds (via Twitter).

McLemore, 28, had been playing for the Rockets until he was released on Saturday. The former seventh overall pick cleared waivers on Monday, making him eligible to sign with any team, and Charania suggests (via Twitter) that he drew interest from a few other contenders, including the Bucks.

The Lakers make sense as McLemore’s destination, given that he’s a Klutch Sports client, like LeBron James and Anthony Davis, among others. The team was also said to be seeking a three-and-D wing after signing Andre Drummond.

McLemore had a strong season in Houston a year ago, averaging 10.1 PPG on .444/.400/.746 shooting in 71 games (22.8 MPG) for a Rockets team that made the postseason and won its first-round playoff series.

This year, playing for a squad that has undergone major roster upheaval and has been hit hard by injuries and COVID-19 protocols, McLemore’s numbers dipped across the board — he recorded 7.4 PPG on .357/.331/.719 shooting in 32 contests (16.8 MPG).

Since the Lakers have an open spot on their 15-man roster, no corresponding move will be required to make room for McLemore. The team also has enough space below its hard cap to finalize the deal immediately. If McLemore were to officially sign today, he’d earn just under $611K for the rest of the season, with L.A. taking on a $455K cap hit.

Photo courtesy of USA Today Sports Images.

Magic Sign Devin Cannady To 10-Day Contract

April 6th, 2021 at 8:12am CST by Luke Adams

Free agent guard Devin Cannady has signed a 10-day deal with the Magic, agent Jared Mucha of Excel Sports tells ESPN’s Adrian Wojnarowski (Twitter link). The club has issued a press release announcing the move.

Cannady, 24, went undrafted out of Princeton in 2019 and has spent the last two seasons in the G League. After playing for the Long Island Nets as a rookie, he joined the Magic for training camp in December, then suited up for Orlando’s G League affiliate, the Lakeland Magic, during the 2020/21 “bubble” season.

Cannady’s regular season numbers in 13 games (25.8 MPG) for Lakeland were relatively modest, as he averaged 11.7 PPG, 2.8 RPG, and 2.7 APG. However, he knocked down 40% of his three-point attempts and played a key part in the Magic’s postseason run, scoring 22 points in the team’s NBAGL championship win to earn Finals MVP honors.

The Magic had an open spot on their 15-man roster, so no corresponding move was required to make room for Cannady. He’ll earn $61,528 during his 10 days with Orlando and should get a chance to make his NBA regular season debut sometime in the next week-and-a-half.

Rockets Claim DaQuan Jeffries

April 5th, 2021 at 7:39pm CST by Dana Gauruder

7:29pm: The Rockets have officially claimed Jeffries, according to a team press release.

4:28pm: The Rockets will claim former Kings forward DaQuan Jeffries off waivers, Shams Charania of The Athletic tweets.

Jeffries, a 23-year-old shooting guard, is under contract through next season. He was placed on waivers Saturday by Sacramento.

The Rockets had an open roster spot after waiving Ben McLemore.

Jeffries signed a two-year, $3MM contract in November which included a $1.7MM team option on the second season. Houston can take a look at Jeffries the rest of this season and see if it wants to exercise that option.

Jeffries missed time this season due to a Grade 3 ankle injury and fell out of Sacramento’s rotation. He averaged 3.1 PPG and 1.6 RPG across 17 games for the Kings this season after appearing in 13 games as a rookie on a two-way contract last season.

He had a season-high 18 points against Milwaukee on February.

Clippers Sign DeMarcus Cousins To 10-Day Deal

April 5th, 2021 at 4:39pm CST by Luke Adams

APRIL 5: The signing is official, according to a team press release.

APRIL 4: The Clippers will add Cousins this week, provided he clears COVID-19 protocols, Charania tweets.

MARCH 31: The Clippers plan to sign free agent center DeMarcus Cousins, pending clearance of the NBA’s health and safety protocols, according to Shams Charania of The Athletic (Twitter link). Sources tell Charania that Cousins is in Los Angeles and is beginning to go through the testing protocols (Twitter link).

ESPN’s Adrian Wojnarowski first reported (via Twitter) that Cousins and the Clippers were discussing a 10-day contract, adding that a decision isn’t expected to be finalized until next week.

Los Angeles is currently carrying just 13 players on standard contracts, and the NBA’s required minimum is 14. However, the league allows teams to dip below that minimum for up to two weeks at a time, and the Clippers don’t have to add a 14th man until next Monday, so they may use that full two-week window before officially signing Cousins.

Cousins, 30, began the season with the Rockets after missing all of 2019/20 due to an ACL tear. The four-time All-Star didn’t exactly look like his old explosive self in Houston, averaging 9.6 PPG and 7.6 RPG on just 37.6% shooting in 25 games (20.2 MPG). He also wasn’t particularly mobile on defense. The Rockets ultimately decided to part ways with the veteran center, releasing him last month.

Still, Cousins has some remaining upside as last year’s ACL surgery moves further into his rear view, and the Clippers are in need of a third center behind Serge Ibaka and Ivica Zubac, as Wojnarowski tweets.

It doesn’t hurt that Cousins has long-standing relationships with a handful of Clippers players, including former teammates Rajon Rondo (Kings, Pelicans, Lakers) and Patrick Patterson (Kentucky, Kings), notes Charania (Twitter link).

Assuming Cousins and the Clippers officially finalize a 10-day deal, it’ll pay him nearly $176K, with the Clippers taking on a $111K cap hit. Cousins would be able to sign up to two 10-day contracts with L.A. before the team would have to either let him go or sign him to a rest-of-season deal.

Photo courtesy of USA Today Sports Images.

Knicks Sign John Henson To 10-Day Contract

April 5th, 2021 at 4:01pm CST by Luke Adams

4:01pm: The Knicks have officially signed Henson to a 10-day deal, the team confirmed today in a press release.

1:55pm: The Knicks are expected to fill the final open spot on their 15-man roster by signing big man John Henson to a 10-day contract, according to Steve Popper of Newsday (Twitter link).

Henson, 30, has a reputation as a defensive-minded center and a solid rim protector. The former 14th overall pick spent last season with the Cavaliers and Pistons, averaging 5.5 PPG, 4.1 RPG, and 1.1 BPG in 40 games (15.0 MPG). However, he hadn’t caught on with a new team since becoming a free agent in November.

Multiple reports in late March indicated that Norvel Pelle and Henson were among the top options the Knicks were considering as they sought additional frontcourt depth in the wake of Mitchell Robinson‘s foot injury. New York ended up signing Pelle on Friday, but apparently that won’t stop the club from adding Henson as well.

With 13 players on full-season contracts and Pelle and Henson on 10-days deals, the Knicks will be able to evaluate both centers and assess whether to commit to either one on a second 10-day contract and/or a rest-of-season agreement.

It’s not clear what stage of COVID-19 testing Henson is at, but he’ll have to clear the NBA’s protocols before officially signing with the Knicks. When the deal is finalized, it’ll pay him $158,907 for 10 days, with the team taking on a $110,998 cap charge.

Thunder Sign Jaylen Hoard To Two-Way Contract

April 5th, 2021 at 2:52pm CST by Luke Adams

A busy day of transactions in Oklahoma City continued this afternoon, as the Thunder announced in a press release that they’ve signed free agent forward Jaylen Hoard to a two-way contract.

Undrafted out of Wake Forest in 2019, Hoard spent his rookie season on a two-way deal with Portland, logging limited minutes in 13 games for the Trail Blazers. After reaching free agency in the fall, Hoard signed an Exhibit 10 contract with the Thunder, who released him after gaining his NBA G League rights.

Hoard, who turned 22 last week, subsequently suited up for the Oklahoma City Blue at the Walt Disney World bubble in February and March, averaging 9.7 PPG and 4.9 RPG in 15 games (22.0 MPG) off the bench for the Thunder’s NBAGL affiliate.

The Thunder had an open two-way contract slot after promoting Moses Brown to the 15-man roster — Hoard will fill that opening, joining Josh Hall as Oklahoma City’s second two-way player.

The Thunder also made a change to their standard roster earlier today, waiving Justin Jackson and signing Justin Robinson to a 10-day deal.

Thunder Sign Justin Robinson To 10-Day Deal

April 5th, 2021 at 2:42pm CST by Luke Adams

2:42pm: The Thunder have made it official, announcing in a press release that they’ve signed Robinson to a 10-day contract.

1:37pm: The Thunder are signing free agent guard Justin Robinson to a 10-day contract, according to Shams Charania of The Athletic (Twitter link).

Robinson, who went undrafted out of Virginia Tech in 2019, spent part of his rookie season with the Wizards, appearing in nine games at the NBA level in ’19/20. He saw more playing time in the G League with the Capital City Go-Go and – after he was waived by Washington – the Delaware Blue Coats, averaging 14.2 PPG and 5.5 APG in 33 total games (31.2 MPG).

Robinson rejoined the Blue Coats for the 2020/21 G League “bubble” season, recording 15.5 PPG and 5.9 APG on .389/.376/.629 shooting in 13 games (31.1 MPG). The 23-year-old was a full-time starter for a Delaware squad that made it to the NBAGL Finals.

Because the Thunder waived Justin Jackson earlier today, they have an open spot on their 15-man roster and won’t need to make another move to accommodate Robinson.

Robinson’s 10-day deal will pay him approximately $99K, with an identical cap hit. The Thunder remain well below the salary floor for 2020/21, so the contract won’t have any real impact on the club’s finances.

Thunder Release Justin Jackson

April 5th, 2021 at 10:13am CST by Luke Adams

10:13am: The Thunder have officially waived Jackson, the team announced in a press release.

10:04am: The Thunder are waiving fourth-year forward Justin Jackson, reports ESPN’s Adrian Wojnarowski (via Twitter). The move will open up a spot on Oklahoma City’s 15-man roster to go along with the team’s open two-way contract slot.

Jackson, who turned 26 in March, has appeared in 33 games (16.5 MPG) for the Thunder this season, averaging 7.2 PPG and 2.2 RPG on .406/.306/.857 shooting.

The former 15th overall pick began his career in Sacramento in 2017 and also played for Dallas before arriving in OKC in the 2020 offseason along with Trevor Ariza as part of a three-team trade that sent Delon Wright to the Pistons and James Johnson to the Mavs.

With a $5,029,650 cap hit for 2020/21, Johnson had been the third highest-paid player on the Thunder’s active roster. Although Oklahoma City will remain on the hook for that money, the club won’t owe the forward anything beyond this season, since he had been on track for free agency.

Jackson would have been eligible to be a restricted free agent if he had played out his contract, but clearly wasn’t in the Thunder’s long-term plans and always seemed unlikely to receive a qualifying offer. He’ll instead reach the open market later this week as an unrestricted FA, and will be able to sign with any team except the Mavs.

Jrue Holiday Signs Four-Year Extension With Bucks

April 4th, 2021 at 1:17pm CST by Arthur Hill

1:17pm: The Bucks have announced (via Twitter) that Holiday’s extension is now official.

11:34am: The Bucks have reached an agreement on a four-year maximum extension with guard Jrue Holiday, tweets Shams Charania of The Athletic. Agent Jason Glushon confirms the deal, which could be worth as much as $160MM.

Holiday has been considering the extension since being acquired in a November trade, Charania adds (via Twitter). He wanted to get more familiar with the roster, coaching staff and front office before making a commitment. Charania notes that Milwaukee now has long-term deals with its three stars: Holiday, Giannis Antetokounmpo and Khris Middleton (Twitter link).

The agreement means Holiday will bypass an opportunity to become a free agent this summer. His current contract contained a $26.765MM player option for next season.

Holiday, 30, has been considered one of the NBA’s top two-way players for several years, but Milwaukee provides his best chance to compete for a title since he entered the league in 2009. He’s averaging 17.0 points, 4.6 rebounds, 5.4 assists and a league-best 1.8 steals per game in his first season with the Bucks.

The first season of a veteran contract extension can have a starting salary worth up to 120% of the player’s previous salary. Although Holiday has a cap hit of just $25,876,111 in 2020/21 for the time being, that figure doesn’t account for a handful of incentives, which bump up his maximum starting salary further.

According to ESPN’s Adrian Wojnarowski, the four-year extension has a base value of about $135MM, which means it’ll start at approximately $30.13MM. It can be worth up to a total of $160MM with incentives, though Holiday is unlikely to earn all those bonuses.

Photo courtesy of USA Today Sports Images.

Rockets Sign Armoni Brooks To Two-Way Deal, Waive Justin Patton

April 4th, 2021 at 8:08am CST by Arthur Hill

APRIL 4: Both moves are official, the Rockets announced on Twitter.

APRIL 3: The Rockets will sign free agent guard Armoni Brooks to a two-way contract, tweets Kelly Iko of The Athletic. Houston will make room by waiving center Justin Patton, who is currently on a two-way deal, sources tell Iko (Twitter link).

Brooks, 22, played for the Rockets’ G League affiliate this season, averaging 16.8 PPG in 15 games in the Orlando bubble. He also played in the NBAGL last season after going undrafted out of the University of Houston. There was an announcement last week that Brooks was headed to France to join Orléans Loiret Basket, but those plans fell through.

“It’s just exciting,” Brooks told Mark Berman of Fox 26 in Houston. “It’s a dream come true to finally be able to play in the NBA and being able to do it in the city that I went to college in is just great” (Twitter link).

Patton, 23, appeared in 13 games with the Rockets after signing in mid-February. He averaged 5.4 points, 3.8 rebounds and 1.1 blocks per game, but fell out of the rotation when Christian Wood returned from an ankle injury. Houston was the fourth team in four years for Patton, who has struggled through injuries since being selected with the 16th pick in the 2017 draft.

The moves continue a roster overhaul for the rebuilding Rockets, who are also planning to waive Ben McLemore. The team doesn’t have any immediate plans to replace McLemore, according to Jonathan Feigen of The Houston Chronicle.