Transactions Rumors | Hoops Rumors

Lakers Release Quinn Cook

February 24th, 2021 at 12:38pm CST by Luke Adams

FEBRUARY 24: The Lakers have officially released Cook, the team announced today in a press release. He’s now on track to clear waivers on Friday, while L.A. will carry a cap hit of about $797K if he goes unclaimed.

FEBRUARY 23: The Lakers are waiving veteran guard Quinn Cook, sources tell Shams Charania of The Athletic (Twitter link). The move will leave the team with a pair of open spots on its 15-man roster.

Cook, who will turn 28 in a month, averaged 11.5 minutes per game in 44 regular season games for the Lakers last season, but has played even less of a role in 2020/21, logging just 62 total minutes in 16 appearances. He has played double-digit minutes just once.

As Charania explains (via Twitter), the Lakers valued Cook, but wanted to gain some extra roster and cap flexibility for possible upcoming moves, and his non-guaranteed contract made him the obvious roster casualty. Wednesday is the deadline for teams to waive a player on a non-guaranteed deal and avoid paying them his full-season salary.

Assuming Cook is officially released on Tuesday, his cap hit will dip from $1.62MM to about $785K, creating a little extra breathing room below the hard cap for Los Angeles. The Lakers will have up to two weeks to fill at least one of their two open roster spots to get back to the league-mandated minimum of 14 players on standard contracts, but could do so temporarily with a 10-day signing.

With two open roster spots, the Lakers will have some options on the trade market, but may ultimately focus on the post-deadline buyout market, as the defending champs will be a compelling destination for the top players who reach free agency.

Cook, meanwhile, would clear waivers and become an unrestricted free agent on Thursday if he goes unclaimed. According to Charania, the former Duke standout is expected to draw some interest around the league.

Photo courtesy of USA Today Sports Images.

Suns Release Damian Jones

February 24th, 2021 at 6:17am CST by Alex Kirschenbaum

FEBRUARY 24: The Suns officially waived Jones on Tuesday, per NBA.com’s transactions log.

FEBRUARY 23: Center Damian Jones is being cut by the Suns, per Shams Charania of The Athletic (Twitter link).

Jones signed a partially-guaranteed two-year deal with Phoenix during the 2020 offseason. He never cracked the team’s regular frontcourt rotation, averaging just 6.7 MPG in 14 contests.

The 6’11” big man was selected with the No. 30 pick in the 2016 NBA draft by the Warriors out of Vanderbilt. He won two titles with Golden State in 2017 and 2018 as a little-used backup, then played significant minutes as a reserve with the Hawks during the 2019/20 season, averaging 16.1 MPG across 55 games (including 27 starts). Jones holds career NBA averages of 4.3 PPG, 2.8 RPG, and 0.7 BPG in 13.3 MPG across parts of five NBA seasons.

With Jones gone, Phoenix now has an available roster spot to add a new player. As John Gambadoro of Arizona Sports 98.7 FM Phoenix tweets, no specific free agent targets have been rumored yet, but the opening allows Phoenix general manager James Jones to explore a variety of possibilities.

Nets Waive Roberson, Vonleh, Shumpert; Plan To Sign Cook

February 23rd, 2021 at 10:00pm CST by Alex Kirschenbaum

The Nets have announced via a press release that they have waived swingmen Andre Roberson and Iman Shumpert, as well as power forward/center Noah Vonleh.

Shams Charania of The Athletic tweets that Shumpert and Roberson intend to ink 10-day deals with Brooklyn should they clear waivers this Friday. Releasing this triumvirate of players now frees the Nets from having to guarantee their contracts for the whole season. This year, players must be cut by tomorrow, February 24, to beat the February 27 guarantee deadline.

Waiving players on non-guaranteed deals and subsequently adding them via 10-day contracts is common practice for teams looking to avoid a full-season cap hit.

Beyond hoping to retain Roberson and Shumpert through a string of 10-day contracts going forward, the Nets also intend to sign power forward Tyler Cook to a 10-day deal as a Vonleh replacement, per Adrian Wojnarowski of ESPN (via Twitter). Cook is averaging a stellar 20.6 PPG, 10.1 RPG, 4.6 APG, 0.7 SPG, and 0.6 SPG for the Iowa Wolves across seven games on the 2021 NBA G League Orlando “bubble” campus.

Vonleh was signed earlier this month to address the Nets’ shortcomings in their frontcourt. The well-traveled 25-year-old had suited up for the Hornets, Trail Blazers, Bulls, Knicks, Timberwolves and Nuggets across seven seasons before arriving in Brooklyn this year. Vonleh appeared in just four games for the Nets, averaging 2.8 MPG.

Rockets Waive DeMarcus Cousins

February 23rd, 2021 at 2:55pm CST by Luke Adams

2:55pm: The Rockets have officially waived Cousins, according to Jonathan Feigen of The Houston Chronicle (Twitter link).

7:56am: The Rockets have decided to release veteran center DeMarcus Cousins, sources tell Shams Charania of The Athletic (Twitter link). Assuming he clears waivers, Cousins will become an unrestricted free agent and will be able to sign with any team.

Houston and Cousins’ representatives reportedly decided over the weekend to end the relationship, with the Rockets said to be going younger and smaller in their frontcourt. The team explored the trade market in an attempt to get something in return for the 30-year-old, but today’s update suggests there were no deals out there worth making.

While he had a few big games for the Rockets, Cousins – who is coming off a series of major leg injuries, including a torn ACL – hasn’t looked like his old All-Star self this season, averaging just 9.6 PPG and 7.6 RPG on 37.6% shooting in 25 games (20.2 MPG). His limited mobility also reduced his effectiveness on the defensive end.

In a show of good will, the Rockets guaranteed Cousins’ full-season salary last week, so any team mulling a waiver claim on the big man would have to be comfortable taking on his full $1.62MM cap hit. If he clears waivers and signs a new minimum-salary contract, that deal would only be worth a prorated portion of the veteran’s minimum, while Houston would carry $1.62MM in dead money.

Cousins should generate some interest around the NBA as a backup frontcourt scorer, but it’s unclear which team might emerge as his top suitor. Although the Lakers had him on their roster last season as he recovered from his ACL tear and will have two open roster spots, multiple people with knowledge of the situation said they don’t expect a reunion between L.A. and Cousins, according to Dan Woike and Broderick Turner of The Los Angeles Times.

Cousins reportedly has some interest in the Heat, but it remains to be seen how seriously Miami will reciprocate that interest.

Once Cousins officially hits waivers, the Rockets will have an open spot on their 15-man roster.

Photo courtesy of USA Today Sports Images.

Pelicans Waive Sindarius Thornwell

February 23rd, 2021 at 5:30am CST by Luke Adams

FEBRUARY 23: The Pelicans officially waived Thornwell on Monday, per NBA.com’s transactions log.

FEBRUARY 22: The Pelicans intend to release guard Sindarius Thornwell, reports Will Guillory of The Athletic (Twitter link).

Thornwell appeared in 11 games for New Orleans this season, but saw limited action, averaging just 4.8 minutes per contest. In 53 total minutes, he scored 15 points on 6-of-13 shooting, chipping in four steals.

According to Guillory, the Pelicans were happy with Thornwell’s performance, but will make the move for financial reasons. The 26-year-old’s minimum-salary contract isn’t fully guaranteed, so by waiving him prior to Wednesday’s salary guarantee deadline, the club will save some money and create more breathing room below the luxury tax line.

Rather than counting for $1,620,564 against the Pelicans’ cap, Thornwell will have a cap charge of $721,484, assuming he goes unclaimed on waivers, as Bobby Marks of ESPN tweets. New Orleans will move approximately $1.4MM below the tax threshold, Marks adds (Twitter link).

Because the Pelicans already have an open spot on their 15-man roster, releasing Thornwell will reduce their total standard contracts to just 13. The league-mandated minimum is 14, but teams can dip below that number for two weeks at a time. New Orleans will have to add a 14th man within two weeks and will likely do so by utilizing a 10-day contract — 10-day deals can be signed starting on Tuesday.

Rockets Sign Justin Patton To Two-Way Deal

February 19th, 2021 at 3:35pm CST by Luke Adams

3:35pm: The Rockets have officially signed Patton to a two-way contract, the team announced in a press release.

7:15am: The Rockets will fill their open two-way contract slot by promoting a center from the G League, according to Michael Scotto of HoopsHype, who hears from agent Brian Jungreis that Justin Patton has agreed to a two-way deal with Houston.

Patton, 23, was the 16th overall pick in the 2016 draft, but was limited to just nine NBA games across his first three seasons in the NBA with the Timberwolves, Sixers, and Thunder due in large part to injuries, including broken bones in both feet.

The big man has seen more action at the G League level, appearing in 83 total NBAGL games since 2017/18. He was selected in the first round of this year’s G League draft by the Westchester Knicks and has played in four games for the club, averaging 10.0 PPG, 6.8 RPG, and 1.8 BPG in 21.5 minutes per contest.

The Rockets opened up one of their two-way spots earlier this week when they waived Ray Spalding, who suffered an Achilles injury in just his second game with the club. That was the latest blow to a Houston frontcourt that has had some bad injury luck lately — Christian Wood has been on the shelf with an ankle sprain for two weeks, while a quad issue has sidelined P.J. Tucker for the last two games.

It’s possible Patton will see some action in the Rockets’ depleted frontcourt in the short term. Once he officially signs, we should get a better sense of whether Houston intends to keep him with the NBA squad for a little while or if he’ll report to the Rio Grande Valley Vipers before the G League season ends in March.

Rockets Waive Ray Spalding

February 16th, 2021 at 6:20pm CST by Dana Gauruder

The Rockets are waiving forward Ray Spalding, Jonathan Feigen of The Houston Chronicle tweets.

Spalding suffered an Achilles injury in his second game with the team on Monday, when he logged 10 minutes against Washington.

The Rockets signed Spalding to a two-way contract on Friday.

Spalding, the 56th overall pick in the 2018 draft, spent time with the Mavericks and Suns as a rookie in 2018/19, then joined the Hawks for training camp in 2019 before being waived and claimed by Houston. After being cut again, he later signed a two-way contract with the Hornets.

He got off to a strong start with the Rio Grande Valley Vipers in the NBAGL bubble last week, averaging 18.5 PPG and 13.0 RPG in his first two games (27.5 MPG).

Nets Waive Norvel Pelle, Sign Andre Roberson

February 16th, 2021 at 1:03pm CST by Luke Adams

1:03pm: The Roberson signing is official, the Nets announced in a press release.

6:16am: The Nets have waived center Norvel Pelle, opening up a spot on their 15-man roster, the team announced in a press release issued early on Tuesday morning.

With that newly-opened roster spot, Brooklyn will sign free agent forward Andre Roberson, who has agreed to a deal with the club, according to Shams Charania of The Athletic (Twitter link). Marc Stein of The New York Times (Twitter link) initially reported that the Nets were “strongly considering” adding Roberson to replace Pelle.

Charania had said on Monday that the Nets mulled the possibility of signing Roberson last month before opting for veteran swingman Iman Shumpert instead. With so many non-guaranteed contracts at the back of their roster – including Pelle’s – the Nets ultimately decided to circle back to the former Thunder forward.

Roberson, who is limited on offense but has a reputation as a defensive stopper, returned last August during the NBA’s summer restart after having been on the shelf for two-and-a-half years due to knee issues. In his last full season, way back in 2016/17, he averaged 6.6 PPG and 5.1 RPG on .464/.245/.423 shooting and typically guarded opponents’ top perimeter threats.

Roberson’s defensive ability should be an asset on a Nets team that doesn’t lack offensive firepower, with Kevin Durant, James Harden, and Kyrie Irving leading the way. Roberson and Durant were teammates for three years in Oklahoma City.

As Bobby Marks of ESPN tweets, Brooklyn will carry a modest $217,845 cap hit for Pelle’s 22-day stint with the club. The big man, who logged limited minutes in just three games for the Nets, will clear waivers on Thursday and will be free to sign with any team, assuming he goes unclaimed.

If Roberson signs a guaranteed contract or is retained beyond the salary guarantee deadline of February 24, he’ll have a full-season cap hit of $998,978, the prorated portion of the veteran’s minimum, per Marks. Once the signing is official, the Nets will once again have a full 15-man roster, though they could make additional adjustments before next Wednesday’s salary guarantee deadline.

Photo courtesy of USA Today Sports Images.

Magic Sign Chasson Randle To Two-Way Contract

February 15th, 2021 at 3:40pm CST by Luke Adams

3:40pm: The Magic have officially signed Randle and waived Mason, the team announced in a press release.

12:24pm: The Magic intend to sign free agent guard Chasson Randle to a two-way contract, according to Josh Robbins and Shams Charania of The Athletic (Twitter link).

Randle, who made his NBA debut in 2017, has appeared in 78 total games since then for the Sixers, Knicks, Wizards, and Warriors, averaging 5.3 PPG and 1.7 APG in 13.9 minutes per contest. He was on a 10-day contract with Golden State last March when the season was suspended, but didn’t catch on with a new NBA team for the summer restart or for the start of the 2020/21 campaign.

Randle has been playing in the G League bubble this month for the Oklahoma City Blue, the Thunder’s affiliate. In two games (26.3 MPG), he has averaged 20.0 PPG on .556/.375/.667 shooting.

The Magic have been hit hard by injuries at the point guard position this season. After losing Markelle Fultz for the season with a torn ACL, the team recently saw Cole Anthony go down with a shoulder strain and Frank Mason suffer a strained groin. Michael Carter-Williams just returned on Friday after missing over a month due to a foot sprain and is the only healthy point guard on the roster for the time being, so Randle could get an opportunity to earn minutes immediately.

Mason currently occupies one of the Magic’s two-way contract slots and is the likeliest candidate to be cut to make room for Randle, according to Robbins. Karim Mane is Orlando’s other two-way player.

Timberwolves Waive Ashton Hagans

February 13th, 2021 at 3:40pm CST by Dana Gauruder

The Timberwolves have waived two-way player Ashton Hagans, according to a team press release.

Hagans was signed to a two-way contract in late November. The undrafted rookie out of Kentucky made two very brief appearances with the Timberwolves before joining the team’s G League squad, the Iowa Wolves, at the Orlando bubble.

Hagans was one of several Iowa players suspended two games without pay this week for violating the league’s health and safety protocols. That incident contributed to the team’s decision to cut ties with the 21-year-old point guard, as Jon Krawczynski of The Athletic tweets.

Hagans started two seasons for the Wildcats. As a sophomore, Hagans averaged 11.5 PPG and 6.4 APG in 30 regular-season games.

Jordan McLaughlin is Minnesota’s other two-way player. Along with the vacated two-way slot, the Timberwolves also have an opening on their 15-man roster, giving the team some flexibility to make moves.