Transactions Rumors | Hoops Rumors

Wolves Sign Anthony Edwards, Jaden McDaniels, Tyler Cook

November 30th, 2020 at 7:30am CST by Luke Adams

The Timberwolves have officially signed two of their 2020 first-round picks, finalizing rookie contracts with former Georgia guard Anthony Edwards and former Washington forward Jaden McDaniels, according to RealGM’s transactions log.

Edwards, 19, became the No. 1 pick in the draft after averaging 19.1 PPG, 5.2 RPG, and 2.8 APG in 32 games in his first and only college season. Assuming he signed for 120% of his rookie scale amount, as nearly every first-round pick does, he’ll earn $9.76MM in 2020/21 and $44MM+ over the life of his four-year contract.

McDaniels, the younger brother of Hornets forward Jalen McDaniels, averaged 13.0 PPG, 5.8 RPG, and 2.1 APG in 31 games as a freshman at Washington before he declared for the draft. As the 28th overall pick, he projects to make $1.96MM as a rookie and $10MM+ over four years.

The Timberwolves’ other first-round pick, Leandro Bolmaro, is expected to remain with FC Barcelona in Spain for at least one more season, so he won’t sign his first NBA contract quite yet.

However, Minnesota did finalize one more signing, per RealGM’s transactions log, inking former Cavaliers Nuggets forward Tyler Cook to a training camp contract.

Undrafted out of Iowa in 2019, Cook spent time last season on a two-way contract and a pair of 10-day deals with Cleveland before joining Denver for the NBA restart as a substitute player. He only appeared in 13 total NBA games, but played more for the Canton Charge and OKC Blue in the G League, averaging 12.9 PPG and 5.7 RPG in 29 games (21.3 MPG).

Kings Sign Glenn Robinson III

November 29th, 2020 at 9:13pm CST by JD Shaw

DECEMBER 2: The signing is official, tweets Sean Cunningham of KXTV in Sacramento.

NOVEMBER 29: The Kings have reached an agreement with free agent forward Glenn Robinson III, according to Michael Scotto of HoopsHype (Twitter link). Robinson is signing a one-year, minimum-salary contract with a partial guarantee, reports Jason Anderson of The Sacramento Bee (Twitter link).

Robinson had attracted interest from a number of clubs before agreeing to terms with Sacramento, holding past experience with the Wolves, Sixers, Pacers, Pistons and Warriors in his career.

He averaged 11.7 points, 4.4 rebounds and 28.8 minutes with Golden State and Philadelphia last season, appearing in 38 games with the Warriors before being dealt to the Sixers. The 26-year-old was drafted with the No. 40 overall pick back in 2014.

The Kings have had a busy offseason to date, signing De’Aaron Fox to a five-year extension and declining to match Bogdan Bogdanovic‘s offer sheet with the Hawks. The team also signed free agent big men Hassan Whiteside and Frank Kaminsky.

Hornets Add Gordon Hayward Via Sign-And-Trade With Celtics

November 29th, 2020 at 3:43pm CST by Luke Adams

3:43pm: The Celtics’ new trade exception will actually be worth $28.5MM, Marks clarifies (via Twitter).

2:42pm: The Hornets have completed their acquisition of Gordon Hayward, having officially added the veteran free agent forward via a sign-and-trade deal with the Celtics.

According to the Celtics (via Twitter), Boston are sending a pair of future second-round picks to Charlotte in the deal along with Hayward. Those will be 2023 and 2024 second-rounders, according to Shams Charania of The Athletic (Twitter link).

As part of the trade, the Celtics will creative a massive trade exception worth the amount of Hayward’s 2020/21 salary ($27.9MM, per ESPN’s Bobby Marks). Boston will also receive a future second-round pick from the Hornets, though that pick will be heavily protected and is unlikely to change hands, tweets Rick Bonnell of The Charlotte Observer. It’ll be a 2022 second-rounder, Charania adds.

Hayward’s agreement with the Hornets on a four-year, $120MM contract was first reported on November 21 after an eventful free agency that saw the 30-year-old draw significant interest from Indiana and New York as well.

By waiving and stretching Nicolas Batum‘s $27MM expiring salary, the Hornets created more than enough cap room to sign Hayward outright. However, the opportunity to create a massive trade exception that can be used at the trade deadline or during the 2021 offseason incentivized the Celtics to explore a sign-and-trade deal.

That $27.9MM trade exception – which is the largest in NBA history, per Marks – can be used to acquire one or more players earning up to that amount without having to send out any salary, giving Boston an intriguing weapon on the trade market over the next 12 months. Danny Ainge and the Celtics’ front office determined that exception was valuable enough to give up two second-round picks.

From the Hornets’ perspective, the only downside of agreeing to a sign-and-trade instead of signing Hayward outright – besides helping out the Celtics – was hard-capping themselves for the 2020/21 league year. However, Charlotte remains well below the $109MM cap, so it’s safe to say the $139MM hard cap won’t be an issue. So essentially, the Hornets picked up a pair of extra second-rounders for a move they were making anyway.

For more info on Hayward’s deal, check out our original story on his agreement with the Hornets.

Photo courtesy of USA Today Sports Images.

Forward Ray Spalding Waived By Hornets

November 29th, 2020 at 2:14pm CST by Alex Kirschenbaum

Forward Ray Spalding was waived by the Hornets, the team announced on its official site. Spalding was on a two-way deal with the club for the 2019/20 season. The team now has a second available slot to add a two-way player who can join new addition Nate Darling.

The former Louisville power forward played 14 games for the Mavericks and Suns during his inaugural 2018/19 NBA season. He was drafted by the Sixers before being dealt to Dallas on draft night. He spent 2019/20 in the G League, averaging 13.9 PPG, 8.6 RPG, 2.2 APG, 1.4 BPG, and 1.3 SPG across 36 G League games for the Rio Grande Valley Vipers, the Rockets’ G League affiliate, and Charlotte’s affiliate club, the Greensboro Swarm.

The Hornets selected three second-round picks this season who could be candidates for that open two-way slot. 6’3″ shooting guard Grant Riller, taken with the No. 56 pick out of Charleston, seems to be the most likely option.

Nicolas Batum Waived By Hornets, Plans To Sign With Clippers

November 29th, 2020 at 1:50pm CST by Luke Adams

As expected, the Hornets have waived veteran forward Nicolas Batum, reports Shams Charania of The Athletic (Twitter link). The team has officially confirmed the move in a press release.

Batum was excised from the Hornets’ rotation this past season, appearing in just 22 games (23.0 MPG) and playing poorly in his limited time, with 3.6 PPG, 4.5 RPG, and 3.0 APG on .346/.286/.900 shooting. However, he’s only entering his age-32 season and should look more appealing on a minimum-salary deal than he did on his five-year, $120MM contract.

The Clippers are willing to bet on a bounce-back season from Batum, with Charania reporting (via Twitter) that the forward intends to sign with L.A. once he clears waivers. The Clips only have 12 players on fully guaranteed salaries and could use some additional depth on the wing, so Batum should be a good fit on the roster.

According to Charania (via Twitter), the Clippers were one of multiple contending teams with interest in Batum once Charlotte made it clear he would be cut. Golden State, Toronto, Utah, and Milwaukee were previously cited as potential suitors.

A report back on November 21 first indicated that Charlotte planned to waive Batum and stretch his $27MM+ salary across three seasons, opening up the cap room necessary for the team to sign Gordon Hayward to his new four-year, $120MM contract.

Once the Celtics and Hornets began discussing the possibility of turning Charlotte’s Hayward acquisition into a sign-and-trade, there was some uncertainty about whether releasing Batum would be necessary. The Hornets were believed to be exploring the possibility of sending him to Boston or – more likely – another team as part of a Hayward deal.

Although that won’t happen, that doesn’t mean that Hayward can’t still be acquired via sign-and-trade. We continue to await word on that front, but a sign-and-trade agreement would benefit the Celtics, who could generate a massive traded player exception in such a deal.

Now that Batum has been waived, it will make little difference from the Hornets’ perspective whether they sign Hayward outright or acquire him via sign-and-trade. If they can extract a sweetener (ie. a second-round pick or two) from Boston, it would make sense for Charlotte to accommodate the C’s and turn it into a sign-and-trade. We should find out soon whether or not that’s in the cards.

[UPDATE: Hornets Add Gordon Hayward Via Sign-And-Trade With Celtics]

Photo courtesy of USA Today Sports Images.

Pacers Sign Guards Cassius Stanley, Naz Mitrou-Long

November 29th, 2020 at 1:49pm CST by Alex Kirschenbaum

The Pacers have finalized agreements with two guards, signing rookie Cassius Stanley to a two-way contract and Naz Mitrou-Long to an Exhibit 10 deal, according to a press release on the team’s official site.

Indiana selected Stanley with the No. 54 pick in the 2020 draft out of Duke. The 6’6″ guard started all of his 29 games during his lone season with Duke in 2019/20, averaging 12.6 PPG and 4.9 RPG, while converting on 36% of his 3.0 long-range attempts a night. After two seasons with the Jazz, Mitrou-Long appeared in five games for the Pacers last season, averaging 9.4 MPG.

The announcement also confirmed several other previously-reported signings. Forward JaKarr Sampson will return for his second season with Indiana on a fully-guaranteed veteran’s minimum deal. Wing Kelan Martin, formerly with the Timberwolves, will join the Pacers on a two-year deal, though the speculation is that it will not be fully-guaranteed.

Forward Brian Bowen II, who suited up for six games with the Pacers last season, will occupy the club’s second two-way player contract slot alongside Stanley.

Mitrou-Long joins center Amida Brimah and forward Rayshaun Hammonds as the Pacers with Exhibit 10 contracts. All three will join the team for training camp, with an opportunity to make the club’s opening night roster. These are one-year, minimum salary deals that can carry an optional player bonus ranging from $5K to $50K.

Nets Sign Second-Rounder Reggie Perry

November 29th, 2020 at 12:15pm CST by Dana Gauruder

NOVEMBER 29: Perry’s deal, a non-guaranteed Exhibit 10 contract, will most likely be converted into a two-way contract, Bobby Marks of ESPN tweets.

NOVEMBER 27: The Nets have signed rookie big man Reggie Perry, according to a team press release.

It’s uncertain whether Perry received a standard contract or two-way deal but Brooklyn does have a two-way slot open.

The 6’10” Perry was selected with the 57th overall pick in the second round. The Clippers owned that pick but traded his draft rights as part of a three-team swap that also included the Pistons.

Perry played two seasons at Mississippi State, posting career averages of 13.4 PPG, 8.6 RPG and 1.4 APG in 27.3 MPG in 65 games. He was named the SEC’s Co-Player of the Year as a sophomore.

Sixers Sign Isaiah Joe To Three-Year Deal

November 29th, 2020 at 9:13am CST by Arthur Hill

The Sixers have signed second-round pick Isaiah Joe, according to the Real GM Transactions Page.

The former Arkansas guard inked a three-year deal with the first two seasons guaranteed for a total of $2.4MM, writes Kevin McPherson of KARK.com. The total value of the deal is nearly $4.2MM if Joe remains on the roster for 2022/23. Philadelphia completed the signing using its mid-level exception.

Joe, 21, was selected with the 49th pick in this year’s draft. He played two seasons at Arkansas, averaging 16.9 points and 4.1 rebounds per game as a sophomore.

Philadelphia also completed two-way contracts with Paul Reed and Dakota Mathias, along with the signings of Derrick Walton Jr., Ryan Broekhoff and Justin Anderson.

Wizards Sign Marlon Taylor To Exhibit 10 Deal

November 29th, 2020 at 8:50am CST by Arthur Hill

The Wizards have signed LSU guard Marlon Taylor to an Exhibit 10 contract, the team announced in a press release. Taylor will be part of Washington’s training camp and will be eligible for a bonus if he is waived and joins the team’s G League affiliate.

Taylor, 23, played two years for the Tigers after transferring out of junior college ball, averaging 5.9 points and 4.1 rebounds per game as a senior. He missed the start of last season after having surgery on his left leg.

Washington also confirmed the signings of BYU forward Yoeli Childs and Liberty guard Caleb Homesley to Exhibit 10 deals.

Xavier Tillman Signs Four-Year Deal With Grizzlies

November 29th, 2020 at 8:28am CST by marksuleymanov

NOVEMBER 29: The signing is official, the Grizzlies announced in a press release. Tillman will receive $4.6MM in guaranteed money, tweets Bobby Marks of ESPN. That breaks down to $1.3MM for the upcoming season, $1.5MM in 2021/22, $1.8MM in 2022/23 and $1.9MM in 2023/24. Marks notes that it’s the second-largest amount of guaranteed money ever for a second-round pick who is headed to the NBA immediately after being drafted.

NOVEMBER 28: The Grizzlies have agreed to a four-year deal with their second-round pick Xavier Tillman, ESPN’s Adrian Wojnarowski reports (Twitter link).

Memphis traded up in a deal with the Kings to get the 35th overall pick Tillman. The team will be able to give him a four-year contract using a portion of its mid-level exception.

Tillman, 21, was regarded as a solid player in the draft who could be a late first-rounder or an early second-round pick. It was with good reason as he posted outstanding numbers as a junior with Michigan State.

The 6’8″ forward averaged a double-double for the Spartans, posting 13.7 PPG and 10.3 RPG to go with 3.0 APG and 2.1 BPG across 31 games. Tillman was named the Big Ten Defensive Player of the Year.