Transactions Rumors | Hoops Rumors

Cavs Sign Jeremiah Martin To Two-Way Contract

April 28th, 2021 at 10:21am CST by Luke Adams

APRIL 28: The Cavaliers have officially signed Martin to his two-way deal, a source tells our JD Shaw (Twitter link).

APRIL 22: The Cavaliers intend to fill their open two-way slot by signing free agent guard Jeremiah Martin to a two-way contract, sources tell Shams Charania of The Athletic (Twitter link).

Cleveland promoted two-way player Lamar Stevens to the 15-man roster last week, and a report at the time suggested that the club would sign a new two-way player soon.

Martin, 24, spent part of the 2019/20 season on a two-way contract with Brooklyn, averaging 7.1 points and 2.0 assists in nine games (11.0 MPG) for the Nets. He joined Brooklyn’s G League affiliate, the Long Island Nets, for the ’20/21 bubble season and played well, recording 18.5 PPG, 5.1 APG, and 2.3 SPG in 15 contests (31.8 MPG).

Once his deal with the Cavs is official, Martin will join Brodric Thomas as the team’s players on two-way contracts.

Pelicans Sign Didi Louzada To Multiyear Contract

April 27th, 2021 at 2:44pm CST by Luke Adams

The Pelicans have officially signed draft-and-stash prospect Didi Louzada to a multiyear contract, the team announced today in a press release.

A report earlier in the month indicated that the two sides were finalizing a deal, so this move was expected. Will Guillory of The Athletic said last week that Louzada’s first NBA contract is expected to be a two-year deal, though that’s not yet confirmed.

Louzada, who most recently played in Australia with the Sydney Kings, was the No. 35 pick in the 2019 NBA draft. The Brazilian guard averaged 8.8 points and 3.4 rebounds per game in 20 contests (24.1 MPG) with Sydney this season, shooting 39.1% from the field and 26.4% from behind the arc.

The Pelicans had been carrying 13 players on their 15-man roster since Isaiah Thomas‘ 10-day contract expired on April 13. Because teams are only permitted to dip below 14 players on standard deals for up to two weeks at a time, today was the deadline for New Orleans to re-add a 14th man. The club still has one open roster spot.

Magic Sign Moritz Wagner, Cut Robert Franks

April 27th, 2021 at 9:40am CST by Luke Adams

9:40am: The Magic have officially signed Wagner, the team announced in a press release. Franks has been released early from his 10-day contract in order to open up the necessary roster spot.

9:00am: The Magic have agreed to sign free agent big man Moritz Wagner, reports Adrian Wojnarowski of ESPN (Twitter link). It’ll be a standard contract for Wagner rather than a 10-day deal, Wojnarowski adds.

Wagner, who turned 24 on Monday, has already played for three teams since being selected with the 25th overall pick in the 2018 draft. He spent his rookie year with the Lakers, was traded to the Wizards in the three-team Anthony Davis blockbuster in 2019, then was flipped to the Celtics at this year’s deadline in a three-team deal that also involved the Bulls. Boston subsequently waived Wagner.

A 6’11” forward/center, Wagner has averaged 6.5 PPG and 3.2 RPG in 122 career games (14.1 MPG) as a pro. While the German has some potential as a floor-stretching big man, his three-point shot has been unreliable since he entered the NBA — he has made just 30.2% of his outside attempts.

Having shifted into rebuilding mode, the Magic will see what they can get out of Wagner down the stretch as he presumably auditions for a spot on next year’s roster. It’s not clear yet whether or not Wagner’s deal with the Magic will cover multiple seasons, but even if it’s just a rest-of-season pact, he’d be eligible for restricted free agency this offseason.

Orlando doesn’t currently have an open 15-man roster spot, but has two players on 10-day deals. As we noted earlier today, Robert Franks‘ and Donta Hall‘s 10-day contracts run through Saturday and Sunday, respectively. If the Magic want to officially sign Wagner before this weekend, they could terminate one of those two contracts early (the player would still be paid for 10 days of service).

Clippers Sign DeMarcus Cousins For Rest Of Season

April 26th, 2021 at 3:50pm CST by Luke Adams

3:50pm: The Clippers have made it official, announcing that they’ve signed Cousins to a rest-of-season contract.

12:04pm: The Clippers will sign big man DeMarcus Cousins to a contract that covers the remainder of the 2020/21 season, league sources Chris Haynes of Yahoo Sports (Twitter link).

Cousins previously signed a pair of 10-day deals with Los Angeles. The second of those contracts expired on Sunday night, and a team isn’t permitted to sign a player to a third 10-day pact in the same season, so the Clippers would’ve had to let Cousins go if they weren’t willing to commit to him for the rest of the season.

Cousins, who began the season with the Rockets, has now appeared in eight games as a Clipper, averaging 6.3 points and 4.5 rebounds in just 11.5 minutes per contest. He’s making 48.8% shots so far in L.A., scoring far more efficiently than he did in Houston, where he was converting just 37.6% of his attempts from the floor. He has also drawn six charges on the defensive end.

Although Cousins isn’t playing a major role for the Clippers, he has fit in well so far and has been an important depth piece with Serge Ibaka (back) sidelined. Head coach Tyronn Lue believes there’s room for him to continue improving and to perhaps play a larger role, as Mirjam Swanson of The Southern California News Group writes.

“Once (Cousins) learns the plays and sets, understands what we’re trying to do defensively, getting in a little better shape, I think he definitely can (help),” Lue said. “We have a month left before the playoffs start, and for him to get a month of just understanding what we’re trying to run, what we’re doing, I think it’ll make us so much better.”

If Cousins officially signs his new deal today, it would pay him $368,903 for the rest of the season, with the Clippers taking on a $233,095 cap hit.

Photo courtesy of USA Today Sports Images.

Charlie Brown Jr. Signs 10-Day Deal With Thunder

April 25th, 2021 at 1:37pm CST by Alex Kirschenbaum

Shooting guard Charlie Brown Jr. has inked a 10-day deal with the Thunder, according to an official team press release.

Brown, 24, went undrafted out of Saint Joseph’s in 2019, and began his NBA life as a two-way player for the Hawks for the 2019/20 season. Though he played sparingly for Atlanta (appearing in just 40 minutes across 10 games), Brown had a more robust output for Atlanta’s G League affiliate, the College Park Skyhawks. Over 29 games, he averaged 17.1 PPG, 6.7 RPG, 3.0 APG, and 1.52 SPG across 33.2 MPG.

Earlier this season, Brown signed a training camp contract with the Timberwolves, but was cut before playing any regular season games for Minnesota.

The 6’6″ second-year wing most recently suited up in 13 games for Minnesota’s G League affiliate, the Iowa Wolves, during the 2021 NBAGL “bubble” season in Orlando, averaging 12.5 PPG (on 44.7% field goal shooting), 5.5 RPG, 1.9 APG and 1.69 SPG across 30.0 MPG. Brown was among several Iowa Wolves players to be suspended for two games after violating the G League’s COVID-19 health and safety protocols while in Orlando.

The Thunder had an open spot on their 15-man roster after Justin Robinson‘s second 10-day deal with the team expired.

Knicks To Sign Simisola Shittu To Two-Way Contract

April 24th, 2021 at 9:09pm CST by Arthur Hill

The Knicks are expected to sign G League forward Simisola Shittu to a two-way contract, tweets Ian Begley of SNY.tv.

Shittu will become the third member of the team’s G League affiliate in Westchester to occupy that two-way slot. Jared Harper was signed to a two-way deal in November, but had his contract converted to a 10-day deal on Friday. He was replaced by Myles Powell, who was waived earlier today. Begley points out that the Knicks like to provide financial rewards for their G League players, so it’s not clear if Shittu will remain on the roster long or if he’ll have a short stay like Powell.

Shittu, 21, went undrafted out of Vanderbilt in 2019 and played for Windy City in the G League last season before joining Westchester this year. He averaged 12.8 points and 7.3 rebounds in 53 total G League games.

The signing will give the Knicks a full roster, with Shittu and Theo Pinson occupying the two-way slots, Begley adds.

Knicks Waive Myles Powell

April 24th, 2021 at 4:45pm CST by Arthur Hill

The Knicks have waived guard Myles Powell after signing him to a two-way deal on Friday, the team announced (via Twitter).

The 23-year-old was never expected to remain with the team, explains Ian Begley of SNY.tv (Twitter link). The Knicks signed Powell to give him some extra money for his contributions to their G League affiliate. He averaged 17.8 points, 3.4 rebounds and 3.8 assists for Westchester in 13 games in the G League bubble.

The move leaves New York with an open two-way spot. Former two-way player Jared Harper had his two-way deal converted to a 10-day contract on Friday.

Grizzlies Sign Tim Frazier For Rest Of Season

April 24th, 2021 at 3:51pm CST by Dana Gauruder

3:51pm: The team has confirmed the transaction via a press release.

3:15pm: The Grizzlies are signing reserve point guard Tim Frazier for the remainder of the season, ESPN’s Adrian Wojnarowski tweets.

Frazier’s second 10-day contract with the club expired on Friday night. He signed a 10-day with Memphis in January, then was re-signed in the middle of April.

Normally, teams can’t sign players to three 10-days in a season. Frazier would have be allowed to sign a third 10-day contract with Memphis because the first 10-day deal was completed using the team’s hardship exception and didn’t count toward the usual limit. However, the Grizzlies opted to give him a standard contract anyway.

He’s appeared in three games this season, averaging 1.3 PPG and 2.3 APG in 11.o MPG.

The well-traveled Frazier has also played for the Sixers, Blazers, Pelicans, Wizards, Bucks and Pistons. He went unselected in the 2014 draft.

Nets Officially Sign Mike James To 10-Day Contract

April 24th, 2021 at 6:52am CST by Luke Adams

APRIL 24: Not that there was any doubt, but NBA.com’s official transactions log confirms it was Aldridge waived to make room for James.

APRIL 23: The Nets have officially signed Mike James to a 10-day contract, the team announced in a press release. The move had been expected once James cleared the league’s coronavirus testing protocols.

James, who averaged 9.3 points and 3.5 assists in 36 total games for Phoenix and New Orleans during the NBA’s 2017/18 season, has been playing in Europe since then. He was having a big year for CSKA Moscow this season, racking up 19.3 PPG and 5.7 APG in 27 EuroLeague contests (31.2 MPG), but was suspended indefinitely by the club following an altercation with head coach Dimitris Itoudis in late March.

Although CSKA Moscow’s contract with James runs through 2023, the team announced this week that it had reached an agreement to allow him to become a free agent until the end of the 2020/21 season, clearing the way for him to sign with an NBA team.

While the Nets’ official release confirms that James’ 10-day deal has been finalized, it doesn’t mention who was released to make room for him on the 15-man roster. It seems safe to assume that LaMarcus Aldridge was the player waived — he announced his retirement as a player last week.

It’s also still not entirely clear how James’ agreement with CSKA Moscow will work. The team’s statement didn’t give any indication that his multiyear contract has been terminated, but a EuroLeague club loaning a player to an NBA team isn’t exactly a common occurrence. We should get more clarity soon on James’ situation.

Knicks Turn Jared Harper’s Two-Way Deal Into 10-Day Contract

April 23rd, 2021 at 6:09pm CST by Dana Gauruder

6:09pm: It’s official, the team’s PR department tweets.

4:20pm: The Knicks are converting Jared Harper‘s two-way contract into a 10-day contract, Steve Popper of Newsday tweets. Since New York has an open spot on its 15-man roster, no corresponding move is required.

It’s likely that Harper will eventually receive a second 10-day, which would last until the end of the regular season or very close to it.

It’s a nifty raise for Harper. He was making $3,076 per day on his two-way. He will make $9,902 per day on a 10-day contract.

The 23-year-old point guard out of Auburn has made four brief appearances with New York. He saw 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 spoke to Hoops Rumors earlier this season about his experience in the G League and the time he has spent on the Knicks’ roster.