Transactions Rumors | Hoops Rumors

Kings Sign Frank Kaminsky

November 26th, 2020 at 4:50pm CST by Luke Adams

NOVEMBER 30: The deal is official, according to a press release issued by the Kings.

NOVEMBER 26: The Kings have agreed to sign free agent forward/center Frank Kaminsky to a one-year contract, his agent Kevin Bradbury tells ESPN’s Adrian Wojnarowski (Twitter link). Kaminsky’s one-year deal with Sacramento is non-guaranteed, per Jason Jones of The Athletic (Twitter link).

Kaminsky, 27, averaged 9.7 PPG and 4.5 RPG on .450/.331/.678 shooting in 39 games (19.9 MPG) for Phoenix in 2019/20. A patella stress fracture shortened his season, however, and he played a very limited role during the Suns’ 8-0 run in the bubble at Walt Disney World. The team declined his $5MM option for 2020/21 last week.

Having lost Alex Len and Harry Giles in free agency, Sacramento has fortified its frontcourt by agreeing to a deal with Hassan Whiteside on Wednesday and now lining up a contract for Kaminsky.

The two incoming veterans will join a rotation that also features Richaun Holmes, Marvin Bagley, and Nemanja Bjelica up front.

Will Magnay Signs Two-Way Contract With Pelicans

November 26th, 2020 at 4:40pm CST by Alex Kirschenbaum

DECEMBER 1: Magnay has formally signed his two-way deal with New Orleans, according to the NBA’s official transactions log.

NOVEMBER 26: The Pelicans have agreed to sign center Will Magnay to a two-way contract, according to Olgun Uluc of ESPN (via Twitter).

The 22-year-old most recently played in the Australian NBL. The 6’10” big man was voted that league’s Most Improved Player for the 2019/20 season, while playing for the Brisbane Bullets. For the season, Magnay tallied averages of 8.1 PPG, 6.1 RPG, and an NBL-leading 2.1 BPG. Magnay went undrafted in 2018.

The Pelicans have been active in reshaping their center rotation this offseason. They recently traded for former Thunder center Steven Adams and signed former Hornets big man Willy Hernangomez to be his primary backup. Raw second-year center Jaxson Hayes remains on the roster as well.

Magnay joins undrafted forward Naji Marshall in reportedly filling out both of New Orleans’s two-way contract slots. This year, two-way players can partake in up to 50 games for their NBA clubs.

Bulls Sign Zach Norvell To One-Year Deal

November 26th, 2020 at 4:02pm CST by Luke Adams

NOVEMBER 28: The Bulls have officially signed Norvell, according to RealGM’s transactions log.

NOVEMBER 26: The Bulls have reached an agreement to sign free agent shooting guard Zach Norvell to a one-year contract, his agents at Priority Sports tell ESPN’s Adrian Wojnarowski (Twitter link). No further details on the agreement were provided, but I’d expected it to be a non-guaranteed training camp deal.

After going undrafted out of Gonzaga in 2019, Norvell signed a two-way contract with the Lakers for the start of the ’19/20 season. He was waived last December and then briefly returned to the NBA in February when he signed a 10-day contract with Golden State.

Norvell, who will turn 23 next month, only logged 41 minutes across five games at the NBA level, but appeared in 36 G League contests, recording 14.7 PPG, 4.6 RPG, and 2.9 APG on .397/.388/.814 shooting.

Once the Bulls finalize the signing of Norvell and the rest of their reported roster moves, they’ll have just one spot left on their 20-man offseason roster, tweets K.C. Johnson of NBC Sports Chicago.

Kings Re-Sign DaQuan Jeffries

November 26th, 2020 at 2:16pm CST by Luke Adams

NOVEMBER 28: The signing is official, per team press release.

NOVEMBER 26: The Kings have agreed to re-sign guard/forward DaQuan Jeffries to a two-year, $3MM contract, his agents inform Shams Charania of The Athletic (Twitter link).

It sounds like it’s a minimum-salary deal, which would be worth about $3.15MM over two years. Jeffries’ first year will be guaranteed, with a team option on year two, according to James Ham of NBC Sports California (Twitter link).

Jeffries, a former Tulsa standout, signed an Exhibit 10 contract with Orlando in 2019 after going undrafted. He was released by the Magic before the regular season began, but was claimed off waivers by the Kings, who converted him to a two-way contract.

The 23-year-old played out the full season on that deal, averaging 3.8 PPG and 1.4 RPG in 13 games (10.8 MPG) for Sacramento. He saw more action for the club’s G League affiliate, recording 16.5 PPG and 6.9 RPG on .460/.342/.705 shooting for the Stockton Kings in 27 games (31.0 MPG).

Jeffries received a qualifying offer from Sacramento last week, which made him a restricted free agent. He wouldn’t have been able to sign outright with another team without the Kings getting a chance to match the offer.

Lakers Re-Sign Kostas Antetokounmpo To Two-Way Contract

November 26th, 2020 at 1:46pm CST by Luke Adams

The Lakers have brought back forward Kostas Antetokounmpo on a new two-way contract, the team announced today.

Giannis Antetokounmpo‘s younger brother spent the 2019/20 season with the Lakers on a two-way deal. Although he logged just 20 total minutes in five games at the NBA level, Kostas was a full-time starter for the South Bay Lakers in the G League, averaging 14.1 PPG, 7.9 RPG, and 1.3 BPG on 62.3% shooting in 38 games (25.5 MPG).

The Lakers didn’t issue Antetokounmpo a qualifying offer before last week’s deadline, so he would’ve been free to join any team in unrestricted free agency. But he’ll return to the club instead, alongside fellow two-way player Devontae Cacok.

In bringing back Antetokounmpo and Cacok, the Lakers are one of two teams not turning over either of their two-way slots. The Celtics (Tacko Fall and Tremont Waters) are the other.

Rockets Officially Announce Four Signings

November 26th, 2020 at 12:55pm CST by Luke Adams

The Rockets have issued a press release officially confirming that they’ve completed four recently-reported free agent contracts. Those deals are for the following players:

Bruno Caboclo, F/C (full story)
Jae’Sean Tate, F (full story)
Sterling Brown, G (full story)
Mason Jones, G — two-way deal (full story)

Caboclo, Tate, and Brown will all be part of Houston’s 15-man roster in 2020/21, while Jones will occupy one of the team’s two-way slots, alongside Kenny Wooten. Brown reportedly received a one-year contract, with Caboclo getting one year plus a second-year team option. Tate reportedly signed a three-year deal worth a little above the minimum.

Once the Rockets officially sign DeMarcus Cousins and Kenyon Martin Jr., as is expected, they’ll have one open spot remaining on their projected 15-man squad for the regular season.

The team previously made a formal announcement to confirm the acquisition of its top free agency addition, Christian Wood.

Sixers, Derrick Walton Agree To Deal

November 26th, 2020 at 12:37pm CST by Luke Adams

The Sixers have agreed to a one-year deal with free agent point guard Derrick Walton, sources tell ESPN’s Adrian Wojnarowski (Twitter link). It’s a non-guaranteed, minimum-salary deal, Keith Pompey of The Philadelphia Inquirer reports.

Walton, 25, made his NBA debut with the Heat back in 2017/18. He spent most of the ’19/20 season with the Clippers, averaging 2.2 PPG and 1.0 APG in limited minutes (9.7 MPG) over 23 games for the club.

L.A. sent Walton to Atlanta at February’s deadline in a salary-dump trade and the Hawks subsequently released him. He caught on with the Pistons for a 10-day deal in February, but didn’t finish the season on an NBA roster.

It’s fair to assume that Doc Rivers had a hand in bringing Walton to Philadelphia, since the 76ers’ new head coach coached the former Michigan Wolverine in Los Angeles last season. However, it’s unclear whether Walton will have a legitimate chance to make the regular season roster.

Bucks Sign Nik Stauskas To One-Year Deal

November 26th, 2020 at 12:25pm CST by Luke Adams

DECEMBER 2: Stauskas is officially a Buck, according to RealGM’s log of NBA transactions.

NOVEMBER 26: The Bucks have reached an agreement on a one-year deal with former lottery pick Nik Stauskas, his agent Mark Bartelstein tells ESPN’s Zach Lowe (Twitter link).

Stauskas, the eighth overall pick in the 2014 draft, struggled to develop into a reliable rotation player during his first few NBA seasons, averaging 6.8 PPG and 2.1 RPG in 335 career games (19.9 MPG) for Sacramento, Philadelphia, Brooklyn, Portland, and Cleveland. The 6’6″ shooting guard didn’t play in the NBA in 2019/20, having spent the season with Spanish club Baskonia.

Although Stauskas may not have lived up to his pre-draft billing, he knocked down a solid 35.3% of his career three-point attempts. He also played fairly well in Spain last year, making 42.2% of his threes in 22 EuroLeague contests.

The full terms of Stauskas’ contract with Milwaukee aren’t yet known, but as Eric Nehm of The Athletic recently detailed, the Bucks are right up against the hard cap and probably won’t have room to carry a 15th man. As such, the 27-year-old will likely get a training camp deal and will have an uphill battle to earn a spot on the club’s regular season roster.

Raptors Waive Dewan Hernandez

November 26th, 2020 at 11:34am CST by Luke Adams

The Raptors have waived 2019 second-round pick Dewan Hernandez, the team announced today.

The 59th overall pick in 2019, Hernandez appeared in just six games for Toronto as a rookie, recording 14 points and 14 rebounds in 28 total minutes. 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.

Hernandez’s 2020/21 salary was set to become guaranteed this Sunday if he had remained under contract. By letting him go, the Raptors will avoid remaining on the hook for that $1.52MM cap hit.

As Blake Murphy of The Athletic notes (via Twitter), the move also opens up an extra spot on Toronto’s 15-man regular season roster. That could open the door for two-way free agent Oshae Brissett or second-round pick Jalen Harris to sign a standard contract or for the team to add another player in free agency, Murphy observes.

Pacers, Kelan Martin Agree To Deal

November 26th, 2020 at 11:27am CST by Luke Adams

The Pacers and free agent wing Kelan Martin have agreed to a deal, agent Mike Lindeman tells Adrian Wojnarowski of ESPN (Twitter link).

Wojnarowski indicates the agreement covers two years. However, as Bobby Marks of ESPN notes (via Twitter), Indiana had been about $1.12MM below the luxury tax line with 14 players on guaranteed contracts. As such, Martin’s deal – which would count for $1.62MM for tax purposes – seems unlikely to be fully guaranteed unless the team has another move lined up to sneak back below the tax line.

Martin emerged as a rotation player in Minnesota last season, averaging 6.4 PPG and 3.1 RPG in 31 games (16.0 MPG), though he struggled with his shot (.392 FG%, .260 FT%).

The 25-year-old initially received a qualifying offer from the Timberwolves, making him a restricted free agent. The club withdrew that QO on Sunday though, allowing him to become unrestricted and to sign outright with Indiana.