Transactions Rumors | Hoops Rumors

Rudy Gobert Signs Five-Year Extension With Jazz

December 20th, 2020 at 11:00am CST by Arthur Hill

11:00am: Gobert’s extension is official, the Jazz announced in a press release.

“Rudy is such a special player,” new team owner Ryan Smith said in a statement. “He makes everyone on the court better. We couldn’t be more excited about his commitment to this team, to Utah, and most importantly, to keeping this unique culture together.”

9:13am: Rudy Gobert has reached an agreement on a five-year, $205MM extension with the Jazz, reports Tim MacMahon of ESPN. The final year of the deal will be a player option, according to Shams Charania of The Athletic (Twitter link).

“It means that they believe in me,” Gobert told MacMahon, confirming the agreement. “They believe in what we’ve been building over the years with this whole organization, with coach (Quin Snyder) and all the guys. For me, it’s an incredible blessing. It’s a very motivating feeling to know that we all share the same vision and we all share this goal for this state and for this franchise.”

The 28-year-old center was eligible to receive a super-max deal that would have been worth up to $228MM. He opted to take a little less so that Utah could have some financial flexibility to build the team around him and Donovan Mitchell, who also signed a five-year extension last month. There were reports of tension between Gobert and Mitchell after both players contracted COVID-19 in March, but they have now committed to a long-term future with the franchise.

Gobert’s new deal is the third-largest in NBA history, MacMahon notes. The only bigger contracts are the new $228MM super-max deal for Giannis Antetokounmpo and the five-year, $206.8MM super-max that the Thunder gave Russell Westbrook in 2017.

Gobert is currently in the final season of a four-year, $102MM arrangement, and Utah has some flexibility with the parameters of his new contract, tweets Bobby Marks of ESPN. The Jazz could start the deal at $35.3MM for 2020/21, which is $4MM below 35% of the salary cap, with 8% raises each year. They could also opt to give him the full 35% at the beginning, which translates to a $39.3MM salary with 2.2% annual raises.

Gobert, who faced a Monday deadline to get a five-year extension finalized, has become one of the best centers in the league during his seven seasons in Utah. He won Defensive Player of the Year honors in 2017/18 and 2018/19 and has been an All-NBA selection in three of the past four years. The only thing missing from his resume is a long playoff run, which he believes the Jazz can accomplish soon.

“I want to win, and I feel like leaving this money on the table for the team just to be able to have better talent around me and Donovan was really important,” Gobert said. “I want to win, and I believe in this group and I believe in this organization, and I was willing to leave that money on the table for them.”

Gobert’s new contract is the latest in a long line of lucrative extensions signed since the new league year began last month. Only three players – Anthony Davis, Brandon Ingram, and Gordon Hayward – signed free agent contracts worth more than $100MM this offseason, but Gobert is the seventh player to finalize an extension worth $160MM or more, as our tracker shows.

The deal also takes another marquee free agent off the market for 2021. Antetokounmpo, LeBron James, and Paul George are among the other stars who will no longer reach free agency next summer after signing extensions this year.

Photo courtesy of USA Today Sports Images.

Spurs Waive London Perrantes

December 20th, 2020 at 8:37am CST by Arthur Hill

The Spurs have waived point guard London Perrantes, according to NBA.com’s transactions page. San Antonio’s roster is now at 14, along with a pair of two-way players.

Perrantes, who signed with the team Saturday, was believed to have an Exhibit 10 contract, which makes him eligible for a bonus of up to $50K if he spends at least 60 days with the team’s G League affiliate. Perrantes finished last season with Capital City, which still owns his G League rights, so it appears the Austin Spurs would have to make a trade before he could join them.

Perrantes’ only NBA experience came during the 2017/18 season when he appeared in 14 games as a two-way player for the Cavaliers.

Grizzlies Waive Three Players, Set Regular Season Roster

December 19th, 2020 at 11:38pm CST by Luke Adams

The Grizzlies have made three roster cuts, announcing today in a press release that they waived forward Bennie Boatwright, along with guards Shaq Buchanan and Ahmad Caver.

Boatwright, Buchanan, and Caver each signed non-guaranteed Exhibit 10 contracts with the Grizzlies after playing last season for the Memphis Hustle in the G League. All three players are likely to rejoin the Hustle – the Grizzlies’ NBAGL affiliate – now that they’ve been waived, and should be in line for bonuses worth up to $50K apiece.

After today’s cuts, the Grizzlies’ roster is all set for the regular season. The team is carrying a full squad, with 15 players on fully guaranteed contracts and a pair on two-way deals.

Raptors Sign, Waive Breein Tyree, Tres Tinkle, Dewan Hernandez

December 19th, 2020 at 11:00pm CST by Luke Adams

The Raptors signed and waived guard Breein Tyree, forward Tres Tinkle, and big man Dewan Hernandez earlier today, according to Blake Murphy and Shams Charania of The Athletic (Twitter link).

Those moves were all made with an eye toward securing G League rights for the Raptors 905 and have no impact on Toronto’s regular season roster, Murphy confirms. The Raptors’ G League affiliate is expected to participate in the proposed NBAGL bubble, and it sounds like Tyree, Tinkle, and Hernandez will suit up for the team.

Tyree, who spent all four years of his college career at Mississippi, averaged 19.7 PPG, 3.7 RPG, and 2.5 APG on .427/.360/.822 shooting in 31 games (34.6 MPG) as a senior in 2019/20. He competed in training camp for a two-way deal with the Heat, but was released on Wednesday.

Tinkle, 24, averaged 18.5 PPG, 6.8 RPG, and 3.2 APG in 31 games (34.5 MPG) as a redshirt senior for Oregon State last season. He signed an Exhibit 10 contract with the Lakers (and was subsequently waived) after going undrafted, but L.A.’s G League team isn’t expected to take part in the G League bubble, so joining the Raptors 905 will give Tinkle a chance to play — and to potentially earn a $50K bonus.

Hernandez, meanwhile, was drafted 59th overall by the Raptors in 2019 and spent his rookie season with the club, recording 14 points and 14 rebounds in 28 total minutes across six NBA games. The former University of Miami standout also appeared in nine G League games for the Raptors 905, averaging 13.4 PPG and 9.6 RPG. However, he was sidelined for much of the season by an ankle injury and was cut last month.

Wizards Sign, Waive Jordan Bell

December 19th, 2020 at 11:00pm CST by marksuleymanov

11:00pm: Bell has been released by the Wizards and figures to play for the club’s G League team in the proposed bubble, tweets Fred Katz of The Athletic.

9:25am: The Wizards have signed veteran big man Jordan Bell, according to RealGM’s official transactions log.

Bell, 25, was waived by the Lakers in late November after L.A. acquired him as part of the JaVale McGee trade to the Cavaliers.

It’s likely that Bell’s deal with Washington is an Exhibit 10 contract, which is a non-guaranteed one-year, minimum salary pact that allows a player to make a bonus of up to $50K if he is waived and remains on the franchise’s G League squad for at least 60 days.

The Capital City Go-Go (the Wizards’ NBAGL affiliate) claimed Bell off waivers in March, so the team holds his returning rights for the upcoming season. He’ll likely report there after being waived by Washington, assuming the Go-Go participate in the proposed G League bubble. The Wizards and Pelicans have reportedly discussed combining NBAGL teams for that event.

The Los Angeles native started his career with the Warriors during the 2017/18 season. Golden State won the NBA championship that season with Bell as a key reserve for the team, averaging 4.6 PPG and 3.6 RPG in 57 games (13 starts).

Bell appeared in 68 games for the Warriors the following season but has since bounced around the league. After signing with the Timberwolves in 2019, Bell was traded as part of the four-team, 12-player trade in February and subsequently released.

Suns Release Johnathan Motley

December 19th, 2020 at 10:34pm CST by Luke Adams

The Suns have waived training camp invitee Johnathan Motley, according to Shams Charania of The Athletic (Twitter link). Motley had a non-guaranteed contract, so Phoenix won’t owe him his minimum salary.

Motley, 25, signed a camp deal with the Suns after playing on two-way contracts for the last three seasons, first with Dallas and then with the Clippers. Over the course of those three NBA seasons, he has averaged 4.9 PPG and 2.4 RPG in 46 appearances (8.1 MPG).

Motley has made a greater impact at the G League level, where he has been named to the All-NBAGL Second Team for three consecutive years. In 2019/20, he averaged 24.0 PPG, 7.9 RPG, and 2.8 APG on .518/.356/.753 shooting in 26 games (33.0 MPG) for the Agua Caliente Clippers of Ontario.

The veteran forward appeared in all four of Phoenix’s preseason games and performed well, with 24 points and 19 rebounds and 47 total minutes. However, he also racked up 10 personal fouls and six turnovers in those minutes.

The Suns’ roster now appears ready to go for the regular season, though the team could still make tweaks before Tuesday. Phoenix is carrying 12 players with fully guaranteed salaries, two with partial or non-guarantees (Damian Jones and Cameron Payne), and one on a two-way contract (Ty-Shon Alexander).

Cavaliers Cut Norvel Pelle

December 19th, 2020 at 10:21pm CST by Luke Adams

As expected, the Cavaliers have waived forward/center Norvel Pelle, according to a press release from the team. The move was completed before Saturday night’s waiver deadline.

Pelle just signed with Cleveland earlier today, but wasn’t a candidate to make the club’s regular season roster. He was signed and waived with the G League in mind, and is expected to eventually suit up for the Canton Charge.

Pelle, who will turn 28 in February, spent last season with the Sixers, first on a two-way contract and later on a standard deal. He averaged 2.4 PPG and 2.2 RPG in 24 games (9.7 MPG) for Philadelphia in 2019/20, then was waived in the offseason before his salary for 2020/21 became guaranteed.

The Cavaliers now have their roster set for the regular season, with 15 players on standard contracts and a pair on two-way deals.

Warriors Sign, Waive Elijah Pemberton

December 19th, 2020 at 10:14pm CST by Luke Adams

The Warriors signed and waived undrafted rookie wing Elijah Pemberton prior to Saturday night’s waiver deadline, according to Shams Charania of The Athletic and Marc Stein of The New York Times (Twitter links).

A team that signs a player to a non-guaranteed Exhibit 10 contract and then waives him secures that player’s G League rights, assuming those rights aren’t already held by another NBAGL team. Golden State had hoped to sign-and-waive Jeremy Lin for that purpose, but he didn’t receive a Letter of Clearance from China by tonight’s waiver deadline after playing last season in the Chinese Basketball Association.

Based on the reports from Charania and Stein, it sounds like the Warriors will no longer complete that deal with Lin, since doing so after today would require the team to pay him a prorated portion of his minimum salary while he’s on waivers, increasing Golden State’s projected tax bill.

The club instead turned to Pemberton, who spent his four-year college career at Hofstra and averaged 17.6 PPG on .450/.380/.854 shooting in 34 games (36.3 MPG) as a senior in 2019/20. He’ll report to the Santa Cruz Warriors after the G League finalizes its plan for a revamped ’20/21 season.

Rockets Sign, Waive Josh Reaves

December 19th, 2020 at 9:59pm CST by Luke Adams

The Rockets signed free agent wing Josh Reaves to a contract and waived him shortly thereafter, as our JD Shaw reports (via Twitter).

Reaves, 23, signed a two-way contract with the Mavericks in 2019 shortly after going undrafted out of Penn State. The former Big Ten Defensive Player of the Year logged just 28 total minutes in four games with Dallas, but was a full-time starter for the Texas Legends in the G League, averaging 13.7 PPG, 5.0 RPG, and 2.0 SPG in 37 games (30.6 MPG).

It’s not uncommon for NBA teams to waive certain players right after signing them at this time of year — those transactions are generally completed with the G League in mind. If Reaves signed an Exhibit 10 contract, which seems likely, Houston will have his NBAGL rights and he’ll be in line for a bonus worth up to $50K if he plays for the Rio Grande Valley Vipers.

Of course, with the G League season still up in the air, it’s unclear whether or not the Vipers will even play this year, but the signing (and waiving) of Reaves suggests the Rockets’ affiliate hasn’t ruled out participating in the proposed NBAGL bubble.

Magic Place Three Players On Waivers

December 19th, 2020 at 9:59pm CST by Arthur Hill

The Magic have waived their three Exhibit 10 players, tweets Josh Robbins of The Athletic. Gone are guard Devin Cannady, forward Robert Franks and center Jon Teske.

The Magic also signed and waived undrafted guard Jeff Dowtin, who averaged 13.9 PPG, 3.5 RPG, and 3.2 APG on .429/.360/.757 as a senior at Rhode Island last season. His very brief stint on the roster was for G League rights purposes.

Orlando is now down to the league limit of 15 players, all with guaranteed contracts, plus two-way players Jordan Bone and Karim Mane.

Cannady was in camp with the Nets last season and played for their G League affiliate in Long Island. Franks divided last year between the Hornets’ and Kings’ teams in the G League. Teske signed with the Magic after going undrafted out of Michigan last month.