Transactions Rumors | Hoops Rumors

Nets Sign Elie Okobo, Kaiser Gates To Exhibit 10 Deals

December 16th, 2020 at 3:58pm CST by Luke Adams

The Nets have filled the two open spots on their 20-man training camp roster, announcing today in a press release that they’ve signed free agent guard Elie Okobo and forward Kaiser Gates. Both players received Exhibit 10 deals, per Brian Lewis of The New York Post (Twitter link).

Okobo’s agreement with Brooklyn was previously reported. The 31st overall pick in the 2018 draft, he spent two years in Phoenix, appearing in a total of 108 games. He averaged 4.8 PPG and 2.2 APG in 15.5 minutes per contest during those two seasons, but became expendable this offseason. The Suns released him last month before his 2020/21 salary became guaranteed.

Gates, meanwhile, has spent most of the last two seasons in the G League, first with the Windy City Bulls, then last season with the Maine Red Claws. He recorded 12.2 PPG and 7.2 RPG on .403/.331/.694 shooting in 36 games (32.6 MPG) for Boston’s NBAGL affiliate in 2019/20. If the Nets want him to play for their G League team this season, Long Island will need to acquire his rights.

Brooklyn’s 20-man roster now consists of 14 players on guaranteed contracts, plus two-way player Jeremiah Martin and five players without guarantees (Okobo, Gates, Chris Chiozza, Timothe Luwawu-Cabarrot, and Reggie Perry). Okobo and Gates will likely be among the players cut when the Nets set their roster for the regular season in the coming days.

Magic Exercise 2021/22 Option On Mohamed Bamba

December 16th, 2020 at 2:54pm CST by Luke Adams

The Magic have exercised their fourth-year team option on center Mohamed Bamba‘s rookie scale contract, the team announced today in a press release.

Bamba’s $5.97MM salary for the coming season had already been fully guaranteed. Today’s move will ensure that his $7.57MM salary for the 2021/22 campaign is guaranteed as well. He’s now on track to become eligible for a rookie scale extension during the 2021 offseason — if he doesn’t sign a new deal then, he’d head to restricted free agency in ’22.

Bamba, 22, missed time in each of his two NBA seasons due to health issues. Most recently, he was sidelined for the summer restart after contracting COVID-19.

Although he says he’s no longer dealing with any coronavirus symptoms or after-effects, he’s still working on getting his conditioning back to 100%. He was cleared today to participate in full-contact work, tweets Josh Robbins of The Orlando Sentinel.

In his 109 NBA regular season games so far, Bamba has averaged 5.7 PPG, 4.9 RPG, and 1.4 BPG in 15.1 minutes per contest.

Our tracker for 2021/22 rookie scale option decisions can be found right here.

Grizzlies Sign Shaq Buchanan, Waive Two Players

December 16th, 2020 at 2:38pm CST by Luke Adams

2:38pm: The Grizzlies have now officially signed Buchanan and cut Vital, according to a second press release from the team. Buchanan currently occupies the 20th spot on Memphis’ roster, while Vital and Smith are both on waivers.

1:48pm: The Grizzlies continue to shuffle players in and out of the spots at the back of their roster, announcing today in a press release that they’ve signed free agent guard Christian Vital, waiving guard Zhaire Smith to create room on the 20-man squad.

Vital, who spent his college career at UConn, averaging 16.4 PPG, 6.3 RPG, and 2.5 SPG in 31 games (32.2 MPG) as a senior in 2019/20. He went undrafted last month, and now looks like a strong candidate to end up with the Memphis Hustle, the Grizzlies’ G League affiliate. The same is true of Smith, who had just signed with the Grizzlies on Tuesday.

It’s not uncommon to see players being released a day or two after they’re signed at this time of year. Signing a player to an Exhibit 10 contract and then cutting him allows an NBA team to secure the player’s G League affiliate rights if they don’t already belong to another NBAGL club, or to line up a $50K bonus for returning-rights players.

It appears that 6’3″ guard Shaq Buchanan will be one of the Hustle’s returning-rights players. After spending his rookie season with Memphis’ G League team last season, averaging 11.1 PPG and 4.8 RPG in 33 games (22.4 MPG), Buchanan has signed an Exhibit 10 deal with the Grizzlies again this year, agent Josh Goodwin tells JD Shaw of Hoops Rumors (Twitter link).

After swapping out Smith for Vital, the Grizzlies have a full 20-man roster, so they’ll need to waive another player in order to officially announce the Buchanan signing. Ahmad Caver and Bennie Boatwright are the most obvious candidates to be cut, but we’ll await official word from the club.

Rockets Cut Jerian Grant, Kenny Wooten, Trevelin Queen

December 16th, 2020 at 2:13pm CST by Luke Adams

The Rockets have released three players, announcing today that guard Jerian Grant, forward Kenny Wooten, and forward Trevelin Queen have been placed on waivers (Twitter link via Jonathan Feigen of The Houston Chronicle).

Houston had a full 20-man roster and had to make cuts in advance of the regular season, but a couple of these moves are still noteworthy.

Grant, for instance, looked like a candidate to make the regular season roster following Chris Clemons‘ season-ending Achilles tear. With Clemons injured and Grant no longer on the roster, the Rockets lack an obvious backup for starting point guard John Wall. Houston will carry a $50K cap hit after waiving Grant, since he had a small partial guarantee.

Wooten, meanwhile, was on a two-way contract, so waiving him will open up one of the Rockets’ two-way slots, alongside rookie Mason Jones. My guess is that Houston intends to sign a point guard using that newly-created two-way opening, but we’ll have to wait to see what the team has in mind.

Queen, meanwhile, was a training camp invitee whose release was anticipated. He’ll be a candidate to join Houston’s G League affiliate, the Rio Grande Valley Vipers, if the team participates in the revamped 2020/21 NBAGL season.

The Rockets are now carrying 17 players, including one on a two-way contract. The team has very little wiggle room below the hard cap and will likely start the season with 14 players on standard contracts along with a pair of two-way players, so additional roster moves are around the corner.

Heat Waive Breein Tyree, Paul Eboua

December 16th, 2020 at 11:54am CST by Luke Adams

The Heat have parted with a pair of training camp invitees, announcing today (via Twitter) that they’ve waived guard Breein Tyree and forward Paul Eboua. Both players, who were on non-guaranteed contracts, will become unrestricted free agents on Friday, assuming they clear waivers.

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.

Eboua, previously a member of Italian club Victoria Libertas, declared for the draft as an early entrant in the spring. Agent Rade Filipovich, who referred to Eboua as “the best athlete in the draft,” told Barry Jackson of The Miami Herald last month that a number of teams expressed interest in his client before he chose the Heat.

Tyree and Eboua had been in the running for one of Miami’s two-way contracts. Now that they’re out of the mix, Max Strus and B.J. Johnson are the remaining candidates to fill the club’s second two-way slot alongside Gabe Vincent. One of those players will have to be cut before next Monday to get the Heat down to 17 players (15 standard contracts and two two-way deals) for the regular season.

In a normal season, Tyree and Eboua would be candidates to join the Sioux Falls Skyforce as G League affiliate players. However, the Skyforce are among the teams expected to opt out of the NBAGL’s proposed Atlanta bubble, as our JD Shaw reported earlier this month.

Jazz Sign Tre Scott

December 16th, 2020 at 10:53am CST by Luke Adams

After opening up a roster spot on Tuesday by waiving Nigel Williams-Goss, the Jazz have filled it by signing rookie forward Tre Scott, the team announced today in a press release.

Scott, 24, went undrafted last month after spending his four-year college career at Cincinnati. As a senior in 2019/20, he averaged 11.4 PPG and 10.5 RPG in 30 games (33.7 MPG), earning Defensive Player of the Year and Most Improved Player honors in the American Athletic Conference.

While the terms of Scott’s deal weren’t reported, this will almost certainly be an Exhibit 10 contract that sets him up to join Utah’s G League affiliate, the Salt Lake City Stars, once he’s waived by the Jazz. Depending on how the NBAGL season plays out, he could be in line to earn a $50K bonus as a member of the Stars.

The Jazz now have a full 20-man roster and will have to make at least three cuts before next Monday’s regular season roster deadline. Scott, Romaro Gill, Jake Toolson, and Trevon Bluiett look like the probable odd men out.

Jazz Waive Nigel Williams-Goss

December 15th, 2020 at 6:25pm CST by Alex Kirschenbaum

The Jazz have waived point guard Nigel Williams-Goss, per Eric Woodyard of ESPN (via Twitter). Williams-Goss had been owed a $1,517,981 salary for the 2020/21 season, but it was non-guaranteed.

The Jazz drafted Williams-Goss with the No. 55 pick in 2017 out of Gonzaga. Utah held onto his rights even as he opted to play overseas to start his pro career, spending time in Serbia and Greece during the 2017/18 and ’18/19 seasons. The 6’3″ guard then signed a three-year, $4.2MM deal with the Jazz in 2019, although only the first season was fully guaranteed.

Williams-Goss finally made his NBA debut in the 2019/20 season. He appeared in just 10 games for the Jazz, averaging 5.0 MPG. He got significantly more run with the Jazz’s G League affiliate, the Salt Lake City Stars. Across 17 games (all starts), Williams-Goss averaged 15.3 PPG, 5.5 APG, 3.9 RPG, and 1.6 SPG in 29.6 MPG for the Stars. He also boasted a respectable shooting line of .508/.352/.778.

Bobby Marks of ESPN tweets that, even after this transaction, the club remains $2MM over the league’s luxury tax threshold. The Jazz now have 11 players with guaranteed deals, three with zero salary protection (Shaquille Harrison, Miye Oni, and Juwan Morgan), three more on Exhibit 10 contracts, and a pair on two-way pacts.

Giannis Antetokounmpo Signs Super-Max Extension With Bucks

December 15th, 2020 at 5:30pm CST by Luke Adams

5:30pm: The Bucks officially announced their new agreement with Antetokounmpo (via Twitter).

3:35pm: Antetokounmpo’s super-max extension will feature a 15% trade kicker, reports Charania (via Twitter). Since a player’s trade bonus can’t push his salary above his maximum, that’s unlikely to matter unless the cap rises significantly during the later years of Giannis’ new deal.

12:23pm: Giannis Antetokounmpo has decided to sign a five-year, super-max contract extension with the Bucks, per Shams Charania of The Athletic (Twitter link). Antetokounmpo published an Instagram post announcing the news.

“This is my home, this is my city,” he wrote. “I’m blessed to be able to be a part of the Milwaukee Bucks for the next five years. Let’s make these years count. The show goes on, let’s get it.”

The deal, which will feature a starting salary worth 35% of the salary cap, projects to be worth $228.2MM over five years, making it the largest contract in NBA history, Charania notes. The exact value will depend on how much the salary cap increases for the 2021/22 season — the $228.2MM projection is based on a presumed 3% cap bump.

In that scenario, Antetokounmpo would make $39,344,970 in year one, with annual 8% raises resulting in a fifth-year salary of $51,935,362 in 2025/26. That final year will be a player option, agent Alex Saratsis tells ESPN’s Adrian Wojnarowski (Twitter link).

Antetokounmpo’s decision to sign the Bucks’ super-max extension offer, which has been on the table since the new league year began last month, is a massive development for the franchise. Milwaukee now has the two-time MVP locked up for the next five seasons and can focus on continuing to build a championship-caliber roster around him.

The Bucks’ efforts to bolster their roster around Antetokounmpo included trading multiple future first-round picks and pick swaps last month to acquire standout guard Jrue Holiday from the Pelicans. Milwaukee also attempted to land Bogdan Bogdanovic in a sign-and-trade, but that deal ultimately fell apart, forcing the club to look elsewhere on the free agent market. The Bucks instead signed D.J. Augustin, Bobby Portis, Bryn Forbes, and Torrey Craig to fill out their rotation.

There was some speculation that the Bucks’ failed effort to bring Bogdanovic to Milwaukee may dampen Antetokounmpo’s enthusiasm for an extension, since he was said to be high on the idea of teaming up with the Serbian swingman. However, if that was the case, it wasn’t enough to dissuade Giannis from locking in a new deal with the Bucks before the December 21 super-max deadline.

Antetokounmpo, who turned 26 last Sunday, has led the Bucks’ to the NBA’s best regular season record in each of the last two seasons, establishing new career highs in 2019/20 with 29.5 PPG and 13.6 RPG in just 30.4 MPG (63 games).

In each of those last two years, the Bucks fell short of the NBA Finals, blowing a 2-0 lead to the Raptors in the 2019 Eastern Conference Finals and then losing to the Heat in the 2020 Eastern Semifinals. However, Antetokounmpo’s long-term commitment to Milwaukee signals that he still believes in the club’s ability to win a title, since he has long maintained that an ability to compete for a championship was his number one priority in deciding where he wants to play.

With Antetokounmpo no longer on track to reach free agency in 2021, a handful of teams around the NBA will have to reevaluate their plans for next summer. The Raptors, Heat, and Mavericks were among the clubs hoping to take a run at the All-NBA forward. They could still use their projected ’21 cap room to pursue a star, but they’ll have to target someone besides Giannis.

Once he makes it official with the Bucks, Antetokounmpo will become the sixth player to sign a super-max contract since the NBA introduced it in 2017, joining Stephen Curry, Damian Lillard, James Harden, Russell Westbrook, and John Wall, as Bobby Marks of ESPN tweets.

Antetokounmpo will also be the ninth player to sign a contract extension since the 2020/21 league year began and the seventh to ink a max deal, joining LeBron James, Paul George, Jayson Tatum, Donovan Mitchell, Bam Adebayo, and De’Aaron Fox.

Photo courtesy of USA Today Sports Images.

Grizzlies Waive Marko Guduric, Sign Zhaire Smith

December 15th, 2020 at 1:44pm CST by Luke Adams

The Grizzlies have made a series of roster moves, announcing in a press release that they’ve signed guard Zhaire Smith and forward Bennie Boatwright while waiving guards Marko Guduric and Jahlil Tripp.

The release of Guduric had been expected, as we discussed earlier today. The 25-year-old Serbian appeared in 44 games with Memphis last season, averaging 3.9 PPG on .395/.301/.923 shooting in 11.0 minutes per contest. His $2.75MM salary for 2020/21 is fully guaranteed, so the Grizzlies won’t be able to remove it from their cap.

Tripp, meanwhile, had been on an Exhibit 10 contract and seems likely to eventually join the Memphis Hustle, the Grizzlies’ G League affiliate.

Since the Grizzlies still have 15 players on fully guaranteed contracts, neither of the newcomers will receive a guarantee or earn a spot on the team’s regular season roster. They both received Exhibit 10 contracts and will likely end up with the Hustle, tweets Chris Herrington of The Daily Memphian.

Smith, 21, was the 16th overall pick in the 2018 draft, but has only appeared in 13 games since then due primarily to health issues. The Sixers traded him last month to the Pistons, who subsequently released him.

As for Boatwright, the former USC star spent the 2019/20 season with the Grizzlies’ G League affiliate, but didn’t play due to a knee injury. In his last college season in 2018/19, he averaged 18.2 PPG on .474/.429/.702 shooting in 31 games (33.5 MPG) for the Trojans.

Noah Vonleh Tests Positive For COVID-19, Waived By Bulls

December 15th, 2020 at 7:19am CST by Luke Adams

DECEMBER 15: Vonleh’s release from the Bulls is now official, according to RealGM’s transactions log.

DECEMBER 14: Veteran forward Noah Vonleh has tested positive for COVID-19 and will be waived by the Bulls, reports Chris Haynes of Yahoo Sports (Twitter link). Teams won’t be announcing which of their players test positive for the coronavirus this season, but Vonleh confirmed his diagnosis to Haynes.

“Unfortunately, I have tested positive for COVID, and so my time with the Bulls has come to an end,” Vonleh said in a statement to Yahoo Sports. “Thank you to the organization for everything. Though it was a short time, I appreciate the opportunity. I am thankfully feeling good, and I look forward to working my way to another NBA opportunity once I’m cleared to play again!”

The Bulls are carrying 15 players on guaranteed contracts and Vonleh isn’t one of them, so his positive test likely just accelerated his release — unless he earned a spot on the regular season roster, he would’ve been waived within the next week anyway. He’ll undergo a mandatory 10-day quarantine as he awaits medical clearance, Haynes notes.

The ninth overall pick in the 2014 draft, Vonleh began his career in Charlotte before moving on to Portland, Chicago, and New York. In 2019/20, he began the season in Minnesota before being traded to Denver as part of the four-team mega-deal involving Clint Capela and Robert Covington.

In total, Vonleh averaged just 3.7 PPG and 3.4 RPG in 36 games (10.5 MPG) for the Timberwolves and Nuggets last season. He was more productive in 2018/19 for the Knicks, recording 8.4 PPG and 7.8 RPG in 68 games (25.3 MPG), and is still just 25 years old, so he should get another NBA opportunity.