Transactions Rumors | Hoops Rumors

Pistons Sign Jaylen Nowell To Second Hardship Deal

April 13th, 2024 at 5:17pm CST by Luke Adams

APRIL 13: Nowell’s signing is official, the Pistons announced in a press release.

APRIL 12: The Pistons will re-sign Jaylen Nowell to a second hardship contract following the expiration of his first 10-day deal, league sources tell Michael Scotto of HoopsHype (Twitter link).

Nowell’s initial contract will expire after Friday’s game, so Detroit figures to re-sign Nowell on either Saturday or Sunday in advance of Sunday’s regular season finale. Since it will be completed using a hardship exception, the deal will technically be considered a 10-day contact, but it will expire immediately after Sunday’s game.

A 24-year-old shooting guard who spent his first four NBA seasons with the Timberwolves from 2019-23, Nowell was on a pair of 10-day contracts with the Grizzlies earlier in the season, but has spent most of the year out of the NBA. He has performed well for the Pistons since signing with the team last week, however, averaging 8.7 points and 2.7 rebounds in 16.7 minutes per game and making 57.9% of his field goal attempts across three appearances off the bench.

The Pistons qualified for a hardship exception because they have four players (Isaiah Stewart, Ausar Thompson, Quentin Grimes, and Stanley Umude) who are out for the season. That allows them to carry an extra player beyond the 15 on their standard roster, but they won’t have any form of Bird rights on Nowell this offseason as long as he’s signed to a hardship contract and not a standard deal.

Matt Ryan Gets Standard Contract From Pelicans

April 13th, 2024 at 4:12pm CST by Arthur Hill

The Pelicans have converted Matt Ryan‘s two-way contract to a standard deal, the team announced (via Twitter).

No details were provided on whether Ryan’s new contract will extend beyond the rest of this season, but the signing makes him eligible for postseason play. New Orleans had been carrying an open roster spot, so no corresponding move was necessary.

The 26-year-old forward has appeared in 27 games in his first season with the Pelicans, averaging 5.6 points and 1.5 rebounds in 14.4 minutes per night while shooting 43.4% from the field and 45.1% from three-point range. He underwent elbow surgery in December that sidelined him for a significant part of the season.

New Orleans claimed Ryan off waivers in October, inheriting the two-way contract he signed with Minnesota shortly before the start of training camp. He also had brief stints with the Celtics and Lakers earlier in his career.

The move leaves the Pelicans with a full 15-man roster, along with Dereon Seabron and Malcolm Hill as two-way players. The deadline for signing two-way contracts was in March, so New Orleans won’t be able to fill Ryan’s spot.

Sixers Sign Ricky Council IV To Four-Year Contract

April 13th, 2024 at 12:32pm CST by Tristan Tucker

12:32pm: Council’s promotion to the Sixers’ 15-man roster is official, the team announced today in a press release. His four-year deal will be non-guaranteed after this season and will feature a team option for 2026/27, reports Michael Scotto of HoopsHype (Twitter link).

11:47am: The Sixers are signing two-way wing Ricky Council IV to a new four-year, $7.4MM standard contract, adding about $864K in new money for this season, according to The Athletic’s Shams Charania (Twitter link). The Sixers have an open roster spot, so no corresponding move is necessary to promote Council.

Council went undrafted in 2023 but quickly caught on with the Sixers on a two-way deal. He has impressed in limited time this season, averaging 5.5 points in 9.1 minutes across 31 games.

Council played three collegiate seasons — two with Wichita State and his final year with Arkansas. He averaged 12.5 points across 85 college games, including averaging 16.7 PPG in his final season.

The athletic wing didn’t play much to begin the season, but earned more minutes as the season progressed and has averaged 8.1 points from early February to March. He was also impressive at the G League level, averaging 23.8 points and 5.3 rebounds while shooting 47.6% from the floor and 37.8% on three-pointers in 27 regular season and Showcase Cup games with the Sixers’ G League affiliate, the Delaware Blue Coats.

Council is now eligible for the playoffs under his new standard contract and at 22 years old, he has room to develop as an inexpensive rotation option for the Sixers down the line.

The exact details of Council’s contract – which will come out of Philadelphia’s mid-level exception – are unclear. However, it’s unlikely to include much, if any, guaranteed money beyond this season, given that the Sixers are preserving cap flexibility for the summer and are giving the rookie a substantial salary for the final two days of this season.

The Sixers now have a full 15-man roster, and just one player, Terquavion Smith, on a two-way contract. The Sixers recently promoted Jeff Dowtin from a two-way deal as well.

Celtics Sign Jrue Holiday To Four-Year Extension

April 11th, 2024 at 12:15pm CST by Rory Maher

April 11: Holiday’s extension is now official, the Celtics announced in a press release.

“In addition to being one of the more accomplished players in the league, Jrue is an elite teammate and competitor,” said president of basketball operations Brad Stevens. “He is simply a person who raises everyone’s level around him. He combines an unselfishness to do whatever is best for the team with an edge to take on any challenge at any time. We are grateful that Jrue is a Celtic.”

April 10: The Celtics are signing Jrue Holiday to a four-year, $135MM contract extension, agent Jason Glushon tells ESPN’s Adrian Wojanrowski.

A source tells Adam Himmselsbach of The Boston Globe (Twitter link) that the final season (2027/28) of Holiday’s new deal is a player option.

As Wojnarowski writes, Holiday is declining his $37.3MM player option for 2024/25 in order to sign a long-term deal with Boston that will save the team “several million dollars” toward next season’s salary cap.

According to ESPN’s Bobby Marks (Twitter links), Holiday’s extension will pay him $30.1MM next season, reducing the Celtics’ projected luxury tax bill by over $35MM. There’s also a scenario in which Boston could get under the second tax apron next season if the club trims payroll this summer, Marks adds.

The old Collective Bargaining Agreement did not permit players to decline an option and replace it with a lower salary via an extension, making Holiday the first player to utilize the change in the new CBA, notes cap expert Yossi Gozlan (via Twitter).

Holiday, who was traded from Milwaukee to Portland in late September before being re-routed to Boston on October 1, is a two-time All-Star and five-time All-Defensive team member. The Celtics were limited to offering Holiday a two-year extension until April 1, when the six-month post-trade restriction lifted.

Chris Mannix of SI.com hears (via Twitter) the Celtics and Holiday “have been thrilled” with their partnership, and Boston knew it would take a lucrative long-term deal in order to retain the veteran guard and have him avoid free agency.

Interestingly, Holiday’s new extension is essentially an exact replica of the four-year, $135MM extension he signed three years ago with Milwaukee, per Wojnarowski. Holiday, 33, becomes the fourth player in league history to sign a guaranteed $100MM+ contract at 33 years old or older, joining LeBron James, Stephen Curry and Al Horford.

Since he’s often a fourth or fifth option on offense for Boston, Holiday’s scoring (12.5 PPG) and assists (4.9 APG) are down this season. However, he’s averaging a career-high 5.4 rebounds per game while shooting a career-best 43.1% from deep in 68 games (32.9 MPG).

The Celtics are currently 62-17, holding by far the best record in the NBA. They’re 14 games ahead of the East’s No. 2 seed, Milwaukee, and lead the top Western teams by seven games.

Suns Sign Isaiah Thomas For Rest Of Season

April 9th, 2024 at 12:47pm CST by Rory Maher

APRIL 9: Thomas’ rest-of-season contract with the Suns is now official, per NBA.com’s transaction log.

APRIL 8: The Suns intend to make veteran guard Isaiah Thomas playoff-eligible by signing him for the rest of the 2023/24 season, reports Shams Charania of The Athletic (via Twitter).

Thomas signed a pair of 10-day contracts with Phoenix, the second of which expires tonight. The 35-year-old will fill the 15th and final spot on the Suns’ standard roster.

A former two-time All-Star, Thomas had been out of the NBA for a couple years prior to getting another shot with Phoenix. He has only played 14 minutes of garbage time across four appearances this season, but he has reportedly played well in practices and has drawn praise from head coach Frank Vogel for being a good locker room presence.

Thomas, who has played for 10 different teams in his 12 seasons, will be an unrestricted free agent this offseason.

John Gambadoro of Arizona Sports 98.7 first reported around the time that Thomas signed his first 10-day deal last month that he was expected to eventually get a rest-of-season commitment from the Suns.

The move signals that Saben Lee and Phoenix’s other two-way players will remain on their current contracts and won’t become playoff-eligible.

Grizzlies Sign Zavier Simpson, Jack White Via Hardship Exceptions

April 9th, 2024 at 9:58am CST by Luke Adams

The Grizzlies have re-signed guard Zavier Simpson following the expiration of his initial 10-day contract, the team announced today in a press release (Twitter link).

Simpson, 27, appeared in three games during his first 10 days with Memphis, averaging 5.3 points, 3.7 assists, 2.3 rebounds, and 1.7 steals in 24.0 minutes per night. He made just 22.7% of his field goal attempts, though he did knock down 3-of-8 three-pointers (37.5%).

The Grizzlies have also signed forward Jack White, according to today’s announcement. It will be White’s first time back on an NBA roster since he was waived by Oklahoma City in October.

White, who appeared in 17 NBA regular season games in 2022/23 as a member of the Nuggets, has spent this season with the South Bay Lakers in the G League. In 29 total appearances for the Lakers’ NBAGL affiliate, he averaged 9.6 PPG, 6.2 RPG, and 1.8 APG on .442/.321/.595 shooting.

Both Simpson and White were technically signed to 10-day contracts via hardship exceptions, which the Grizzlies qualified for due to the number of injured players on their roster. The deals will cover only the six days left in the regular season, however, before both players return to free agency. The club won’t hold any form of Bird rights this offseason on either player.

White will take Maozinha Pereira‘s spot on Memphis’ roster. Like Simpson, Pereira was on a 10-day contract that expired overnight on Monday, but it was his second 10-day deal with the Grizzlies, so he was ineligible to sign another one. The team is now carrying three extra players beyond its standard 15, with Simpson and White joining hardship signee Timmy Allen.

Celtics Promote Neemias Queta To Multiyear Standard Contract

April 8th, 2024 at 8:42pm CST by Rory Maher

8:42pm: While the terms of the deal were not disclosed, a source tells Brian Robb of MassLive that Queta received a multiyear contract. Since the Celtics don’t have their mid-level exception available, the deal can’t cover more than two seasons.

7:16pm: The Celtics have promoted center Neemias Queta from a two-way deal to a standard contract, the team announced in a press release.

Converting Queta makes him eligible for the postseason, and the move also completes Boston’s 15-man standard roster.

The NBA’s first player from Portugal, the Lisbon native was the 39th overall pick of the 2021 draft after playing three years of college ball at Utah State. He spent his first two seasons on two-way deals with Sacramento, but he was released in September and signed with the Celtics a few days later.

Queta, 24, has been a standout at the G League level over the past three seasons, including helping lead the Maine Celtics to their first ever appearance in the NBAGL Finals. Maine will face the Oklahoma City Blue, the Thunder’s affiliate, in a best-of-three series that begins on Tuesday.

In 26 games with Boston in 2023/24, Queta has averaged 4.6 points and 4.1 rebounds while shooting 61.4% from the field in 11.4 minutes per contest.

Grizzlies Sign Timmy Allen To 10-Day Contract

April 6th, 2024 at 6:29pm CST by Arthur Hill

The Grizzlies have signed G League forward Timmy Allen, the team announced (via Twitter). The signing was billed as a 10-day contract, but with the regular season ending next Sunday, Allen will only get nine days, including tonight.

After going undrafted out of Texas, Allen signed with Memphis in October so the team could obtain his G League rights, and he was only on the roster for two days before being waived. He joined the Grizzlies’ G League affiliate, the Memphis Hustle, where he appeared in 46 games during the Showcase Cup and regular season, averaging 9.5 points, 4.1 rebounds, 2.7 assists and 1.o steals in 26.4 minutes per night.

Allen joins the Grizzlies via the hardship exception, which they also used to add Zavier Simpson and re-sign Maozinha Pereira to 10-day deals last week. Both of those deals will expire Monday. Memphis has a full roster, but the team has been hit hard by injuries throughout the season.

As Damichael Cole of The Memphis Commercial Appeal notes (via Twitter), another roster addition was necessary so the Grizzlies would have the league minimum of eight active players for tonight’s game with Philadelphia. Jake LaRavia and Lamar Stevens are both out of the lineup after playing last night, while Brandon Clarke is returning to action.

Wizards Sign Jared Butler To Three-Year Deal

April 5th, 2024 at 4:20pm CST by Luke Adams

4:20pm: Butler has officially been promoted and Livers has been released, the Wizards announced in a press release.

2:33pm: The Wizards intend to waive Livers to make room on the roster for Butler, confirms Josh Robbins of The Athletic (Twitter link).

2:21pm: The Wizards and third-year guard Jared Butler have reached an agreement on a three-year contract, agent Mark Bartelstein tells Adrian Wojnarowski of ESPN (Twitter link). The deal will promote Butler to the 15-man roster and will keep him under team control for two seasons after this one.

While the exact details aren’t yet known, Butler’s new contract will likely feature little to no guaranteed salary beyond 2023/24. The Wizards will use a portion of their mid-level exception to give him a deal that covers more than just two seasons.

The No. 40 overall pick in the 2021 draft, Butler began his NBA career in Utah but was waived ahead of his second season in October 2022. He finished the ’22/23 season on a two-way contract with the Thunder, then signed a two-year deal with Washington last July.

In 35 games as a Wizard, Butler has averaged 5.6 points, 2.9 assists, and 1.3 rebounds in 13.0 minutes per contest, with a shooting line of .490/.313/.885. He has been a regular part of the rotation in recent weeks, appearing in each of Washington’s last 13 games and averaging 21.3 minutes in those outings.

The Wizards currently have a full 15-man standard roster, so someone will need to be waived in order to make room for Butler. Isaiah Livers, who is on an expiring contract and is out for the season due to a hip injury, is the likeliest candidate.

Since the deadline to sign a player to a two-way contract passed last month, Washington won’t be able to fill Butler’s two-way slot once he’s promoted.

Jeff Dowtin Signs Rest-Of-Season Deal With Sixers

April 5th, 2024 at 6:44am CST by Alex Kirschenbaum

APRIL 5: Dowtin’s promotion to the standard roster is official, the team announced in a press release.

APRIL 4: Point guard Jeff Dowtin will sign a rest-of-season standard contract with the Sixers, sources have informed Tim Bontemps of ESPN (Twitter link).

Dowtin is currently on a two-way contract with Philadelphia. Across the seven contests he has played with the Sixers this season, he has averaged 4.4 PPG on .550/.500/1.000 shooting, along with 2.4 APG and 1.6 RPG.

Dowtin has had a larger role – and posted considerably more impressive numbers – with the Delaware Blue Coats, Philadelphia’s NBAGL affiliate team. In 20 games for the Blue Coats, including 18 starts, Dowtin has averaged 19.1 PPG (.491/.387/.906 shooting), 5.3 APG, 2.8 RPG and 1.2 SPG.

Since going undrafted out of Rhode Island in 2020, Dowtin has been fairly well-traveled. He began his pro career plying his trade for the Lakeland Magic, Orlando’s G League squad, in 2020/21. The team won a title that season. During the ’21/22 season, the 6’3″ guard played for three separate NBA clubs — he suited up for the Warriors on a two-way deal but was later cut and signed 10-day deals with the Bucks and Magic.

The 26-year-old is a frequent flyer with now-Philadelphia head coach Nick Nurse. He suited up for Nurse’s last squad, the Raptors, in 2022/23, also on a two-way agreement.

Following the expiration of D.J. Wilson‘s 10-day contract, the 76ers had two open spots on their 15-man standard roster, so no one will have to be waived in order to promote Dowtin and the club will still have one opening remaining. Philadelphia will be able to add a 15th man at some point between now and the end of the regular season, but won’t be able to sign another two-way player, since the deadline for two-way signings passed last month.