Transactions Rumors | Hoops Rumors

Sixers Sign Andre Drummond To Two-Year Deal

June 30th, 2024 at 6:07pm CST by Luke Adams

JULY 7: Drummond has officially signed his contract with the Sixers, the team announced today in a press release.

“I am thrilled that Andre is coming back to the 76ers. A tremendous presence, and one of the best rebounders the modern NBA has seen, he made a great impact with us during his first stint in Philly and we know he’ll do the same this time around,” president of basketball operations Daryl Morey said in a statement. “Andre possesses an innate ability to attack the glass and will fortify our formidable front-court.”

JUNE 30: Free agent center Andre Drummond is headed back to Philadelphia, having reached an agreement with the Sixers on a two-year deal worth more than $10MM, reports Michael Scotto of HoopsHype (Twitter link). The contract will feature a second-year player option, Scotto adds.

A few minutes before Scotto published his report, Drummond hinted at the deal himself, tweeting, “I’m in the mood for a Philly cheesesteak.”

A two-time All-Star, Drummond originally signed with the 76ers in 2021 to back up Joel Embiid and to fill in as the starter when Embiid was unavailable. However, he was sent to Brooklyn later that season as part of the trade package for James Harden.

After finishing the 2021/22 season with the Nets, Drummond has spent the past two seasons in Chicago as Nikola Vucevic‘s backup. He averaged just 15.1 minutes per game in 146 contests during his time as a Bull, well below his career average. However, he remained extremely productive on a per-minute basis, averaging 7.3 points and 7.9 rebounds in that limited role.

The Sixers, who attempted to acquire Drummond from the Bulls at the 2024 trade deadline, clearly made it a priority to land a reliable backup for Embiid, who has battled injuries over the years and appeared in just 39 games in 2023/24. Philadelphia reached a deal with Drummond just one hour into the free agent period — he’s the first FA reported to have an agreement in place with a new team.

Based on the reported terms of Drummond’s deal, it won’t necessarily need to come out of the Sixers’ $60MM+ in cap room. The team could use up that space, then sign the 30-year-old using a portion of its $8MM room exception.

Warriors Waive Chris Paul

June 30th, 2024 at 5:25pm CST by Dana Gauruder

5:25pm: The Warriors have officially waived Paul, the team confirmed (via Twitter).

4:45pm: The Warriors are waiving point guard Chris Paul, Chris Haynes of TNT and Bleacher Report tweets. Paul will now become an unrestricted free agent once he clears waivers.

Golden State had to make a decision today whether to guarantee Paul’s $30MM salary for the 2024/25 season. Both the Warriors and Paul agreed to push back the guarantee date from Friday to Sunday.

The Warriors had attempted to include Paul’s contract in a blockbuster deal, including a potential swap with the Clippers for Paul George. However, they were unable to pull anything off.

Paul, who turned 39 in May, remained productive in 2023/24, averaging 9.2 points, 6.8 assists, and 3.9 rebounds in 26.4 minutes per game in 58 appearances (18 starts) for the Warriors. He posted a shooting line of .441/.371/.827.

The rule prohibiting tax-apron teams from signing a waived player whose previous salary was higher than the full mid-level exception only applies if the player is cut during the regular season. Thus, Paul is free to sign with anyone.

The Suns, who can only offer veteran’s minimum contracts, could be an option for Paul, though John Gambadoro of Arizona Sports 98.7 (Twitter link) dismissed that possibility. The Clippers have also been mentioned as a potential landing spot.

Another intriguing possibility is the Spurs, according to Marc Stein (Twitter link), who says San Antonio has “strong” interest. The 12-time All-Star could be a natural, if short-term, pick-and-roll partner for Victor Wembanyama. There will undoubtedly be other suitors for the future Hall of Famer.

The Warriors, meanwhile, are in the unusual position of being under the tax aprons by shedding Paul’s contract. They currently have $147.2MM in salary commitments among 12 players, nearly $31MM under the first tax apron, ESPN’s Bobby Marks tweets. That puts them in position to potentially use the full mid-level exception and/or bi-annual exception. Klay Thompson and Dario Saric are now free agents.

Heat Re-Sign Kevin Love To Two-Year Deal

June 30th, 2024 at 5:06pm CST by Luke Adams

JULY 6: Love is officially back under contract with the Heat, the team confirmed today in a press release.

JUNE 30: The Heat and big man Kevin Love have agreed to a new deal, according to Shams Charania of The Athletic (Twitter link). Love will sign a two-year contract worth over $8MM, sources tell Charania. The agreement doesn’t include an option year, tweets Ira Winderman of The South Florida Sun Sentinel.

A minimum-salary contract for Love would be worth in the neighborhood of $7MM, so it sounds like Miami is going a little higher than that to bring him back.

Love, 35, initially joined the Heat on the buyout market during the second half of the 2022/23 season and played a key role on the team that made the NBA Finals that spring. He re-signed with Miami a year ago and averaged 8.8 points, 6.1 rebounds, and 2.1 assists in 16.8 minutes per game across 55 appearances (five starts) in 2023/24.

Love held a player option for the 2024/25 season that he decided to turn down on Saturday. That option was worth just north of $4MM, so it appears he’ll be back for around the same price, with an extra year tacked onto his new contract.

Love will provide depth in a frontcourt headed up by star center Bam Adebayo. Big man Thomas Bryant is an unrestricted free agent and Orlando Robinson has a non-guaranteed salary for 2024/25, but the Heat added a center in the draft by selecting Kel’el Ware out of Indiana.

Max Christie Signs Four-Year Deal With Lakers

June 30th, 2024 at 4:16pm CST by Dana Gauruder

JULY 6: Christie has officially signed his new contract with the Lakers, the team announced today in a press release (Twitter link via Khobi Price of The Southern California News Group).

JUNE 30: Restricted free agent Max Christie plans to sign the Lakers’ four-year contract offer, Adrian Wojnarowski of ESPN tweets. The deal is worth approximately $32MM and will include a player option in the final year.

It’s a strong commitment by the Lakers to Christie, an early second-round selection in 2022. Christie appeared in 41 games as a rookie, then spent much of last season in the rotation. He posted averages of 4.2 points, 2.1 rebounds and 0.9 assists in 67 regular-season games, including seven starts. Christie has made 37.8% of his 3-pointers, a total of 180 attempts in all, during his two seasons.

Christie made the jump to the NBA after a one-and-done season at Michigan State. Still just 21 years old, Christie offers good size (6’5”) at the shooting guard spot and could see his role expand under new head coach J.J. Redick, though he’ll have plenty of competition — including first-round pick Dalton Knecht — for minutes behind Austin Reaves.

The Lakers extended a $2.3MM qualifying offer this weekend to Christie to make him an RFA. His younger brother Cam Christie was drafted in the second round by the Clippers on Thursday.

Christie’s contract will put the Lakers approximately $39MM below the $178.1MM first tax apron, but that doesn’t include LeBron James and Bronny James, cap expert Yossi Gozlan notes (Twitter link).

Obi Toppin Signs Four-Year Contract With Pacers

June 30th, 2024 at 12:51pm CST by Alex Kirschenbaum

JULY 6: Toppin has officially re-signed with the Pacers, the team announced in a press release.

“Obi Toppin embraced our city, our team, and his role from the moment he arrived, and then proved time and again to be an integral part of the success we achieved last season in reaching the Eastern Conference Finals,” president of basketball operations Kevin Pritchard said in a statement. “Obi’s style of play, selfless attitude, and work ethic are all consistent with the culture we’ve built here, and we’re confident he will play a key role for us moving forward.”

JUNE 30: Restricted free agent Pacers power forward Obi Toppin intends to sign a four-year, $60MM contract to stay in Indiana, sources inform Adrian Wojnarowski of ESPN (Twitter link).

As Wojnarowski notes, the 6’9″ Dayton alum emerged as a critical bench contributor for a Pacers club that advanced all the way to the Eastern Conference finals this past spring for the first time in a decade.

The eighth overall pick in the 2020 draft, Toppin was traded from New York to Indiana a year ago in exchange for a pair of second-round picks after he spent his first three professional seasons with the Knicks. In his first year as a Pacer, the 26-year-old set new career highs in points (10.3), rebounds (3.9), and assists (1.6) per game, as well as field goal percentage (57.3%) and three-point percentage (40.3%).

With tentative deals in place for Pascal Siakam (four years, maximum salary) and Toppin, the Pacers’ team salary for 2024/25 projects to be about $6.4MM below the luxury tax line with at least two roster spots still to be filled, tweets cap expert Yossi Gozlan.

While it’s technically possible for the Pacers to use their full mid-level exception and stay below the first tax apron, doing so would make them a taxpayer, so that’s unlikely. It also remains to be seen whether the team will have room under the tax to bring back free agent big man Jalen Smith on a new deal after he opted out of his contract on Saturday. Of course, a cost-cutting move to create additional spending flexibility is always a possibility.

Toppin had been the No. 27 player on our list of this summer’s top 50 free agents.

Alex Len Re-Signs With Kings

June 30th, 2024 at 11:51am CST by Arthur Hill

JULY 9: Len has officially re-signed with the Kings, according to NBA.com’s transaction log.

JUNE 30: Kings center Alex Len will return to the team on a one-year contract, sources tell Shams Charania of The Athletic (Twitter link).

It will be the fourth straight season in Sacramento for the 31-year-old Len, who originally joined the team as a free agent in 2021 and then re-signed last summer. Len appeared in 48 games this season, all off the bench, and averaged 2.5 points, 2.7 rebounds and 1.0 assists in 9.3 minutes per night.

Len will be back on a veteran’s minimum deal for 2024/25, and although he’s projected to make a little more than $3.3MM, the new contract will only count as $2.1MM for Sacramento’s salary cap and tax purposes.

Len was considered to be a top prospect when he was selected by Phoenix with the fifth pick in the 2013 draft. He never got close to achieving stardom, but he has been able to carve out a long NBA career, mostly as a backup center. He also had brief stays in Atlanta, Toronto and Washington before coming to the Kings.

With Malik Monk agreeing to a new deal last week, Sacramento has taken care of both its unrestricted free agents before they could begin negotiating with other teams.

Option/QO Notes: Green, Watanabe, Bertans, Barlow, Kings, More

June 30th, 2024 at 6:50am CST by Luke Adams

Saturday represented the deadline for teams and players to exercise 2024/25 contract options and for teams to issue qualifying offers to players eligible for free agency. While there was a flurry of news about those options and QO decisions yesterday, a few players still slipped through the cracks.

We’ll start with Rockets forward Jeff Green. Reporting last week indicated that Houston planned to exercise his $8MM team option for 2024/25 and the team did just that, per RealGM’s transaction log. Green’s salary technically remains non-guaranteed until July 11 even now that his option has been picked up, but the expectation is that he’ll be retained — his expiring deal could be a useful salary-matching piece in a trade, and he also played rotation minutes for Houston last season, averaging 16.8 MPG in 78 appearances.

While there was no official confirmation on Saturday (as far as we could tell), Grizzlies forward Yuta Watanabe had long been expected to decline his $2.65MM player option for the 2024/25 season, since he’s on track to return to his home country of Japan and play for the Chiba Jets. There’s no indication that those plans have changed or that he picked up his option, so we’re assuming it was declined and that he’ll be off the board for NBA teams this offseason.

Finally, Davis Bertans‘ option with the Hornets was technically an early termination option rather than a player option, meaning that instead of needing to actively exercise it if he wanted to opt in, he needed to do nothing to opt in. He did just that, and will remain under contract with Charlotte for the time being, rather than becoming a free agent. However, his $16MM option salary is only partially guaranteed for $5.25MM, so he’s not assured of having the rest of that salary guaranteed, especially if the Hornets are looking to maximize their cap flexibility this offseason.

Here are a few more updates left over from a busy Saturday:

Dominick Barlow, a 21-year-old forward who has spent the past two seasons with the Spurs, didn’t receive a qualifying offer to make him a restricted free agent, per Adrian Wojnarowski of ESPN (Twitter link). San Antonio isn’t necessarily planning to part ways with Barlow, according to Tom Orsborn of The San Antonio Express-News, who tweets that the Spurs still have interest in discussing a new deal. However, he’ll have interest from other teams as well, says Wojnarowski.
The Kings didn’t tender qualifying offers to their three players eligible for restricted free agency (Kessler Edwards, Jordan Ford, or Jalen Slawson), confirms Sean Cunningham of FOX 40 Sacramento (Twitter link). All three players will be unrestricted free agents.
According to RealGM, players who did receive qualifying offers that weren’t previously reported (that we saw) include no-brainers like Sixers guard Tyrese Maxey and Raptors guard Immanuel Quickley, as well as Mavericks two-way player Brandon Williams.
We’ve previously published trackers for this year’s team option decisions and player option decisions, which are now fully up to date. We’ll be posting a full qualifying offer recap later this morning.

QO Decisions: Jazz, Okeke, Pacers, Krejci, Celtics, More

June 29th, 2024 at 8:09pm CST by Luke Adams

The Jazz declined to issue qualifying offers to guard Kira Lewis or center Micah Potter ahead of Saturday’s deadline, reports Tony Jones of The Athletic (Twitter links). As a result, both players will be unrestricted free agents this summer rather than restricted.

Lewis, the 13th overall pick in the 2020 draft, didn’t establish himself as a rotation player during three-and-a-half seasons in New Orleans. He was traded from the Pelicans to the Pacers to the Raptors to the Jazz during the 2023/24 season, and played a limited role in Utah after arriving from Toronto as a salary-matching piece in the deal involving Kelly Olynyk and Ochai Agbaji. His qualifying offer would have been worth $7.74MM, so it comes as no surprise that it wasn’t tendered.

Potter also played sparingly for the Jazz last season while on a two-way contract, though he has shown some promise in the G League and is part of the U.S. Select Team that will scrimmage with Team USA ahead of the Olympics. His qualifying offer would’ve been for a partially guaranteed minimum-salary deal. According to Jones, a return to Utah is possible, though Potter may receive interest from other teams.

The only Jazz player eligible for restricted free agency who received a qualifying offer is guard Johnny Juzang, Jones reports (Twitter link). Since he has finished each of the past two seasons on a two-way contract with Utah, Juzang wasn’t eligible for another two-way qualifying offer, so his QO is for a partially guaranteed one-year minimum deal.

Here are more qualifying offer updates from around the NBA:

Former Magic first-round pick Chuma Okeke didn’t receive a qualifying offer that would’ve been worth about $7.4MM and will become an unrestricted free agent, per Jason Beede of The Orlando Sentinel. Okeke, 25, has played good defense since entering the league in 2020, but hasn’t contributed much offensively, averaging 6.3 points per game on .383/.318/.789 shooting in 189 career contests (20.3 MPG).
The Pacers have tendered qualifying offers to Obi Toppin ($7.74MM), Oscar Tshiebwe (two-way), and Quenton Jackson (two-way), according to a pair of stories from Tony East of SI.com. All three players will now be restricted free agents.
The Hawks have issued a two-way qualifying offer to guard Vit Krejci, making him a restricted free agent, a league source tells Lauren L. Williams of The Atlanta Journal-Constitution (Twitter link). Krejci is a candidate to negotiate a standard contract with Atlanta after finishing the 2023/24 season as a rotation player. He could also sign an offer sheet with another team, but the Hawks would have the right to match it.
After declining Neemias Queta‘s team option for 2023/24, the Celtics tendered him a qualifying offer, according to Keith Smith of Spotrac (Twitter link). Two-way player Drew Peterson also got a qualifying offer from Boston, but JD Davison didn’t, Smith adds. Queta’s QO will be worth approximately $2.37MM, while Peterson’s will be for another two-way contract.
The following players also received two-way qualifying offers, according to Smith: Lakers big man Colin Castleton (Twitter link), Bulls forward Adama Sanogo (Twitter link), Spurs wing David Duke (Twitter link), and former Warriors guard Nico Mannion (Twitter link), whose RFA rights continue to held by Golden State as he continues his career overseas. San Antonio issued a $2.7MM qualifying offer to big man Sandro Mamukelashvili too, making him a restricted free agent, tweets Smith.
The Clippers opted not to extend qualifying offers to two-way players Xavier Moon and Moussa Diabate, according to Law Murray of The Athletic (Twitter links). The door isn’t closed on a new deal for either player, but it sounds like they’ll explore their options as unrestricted free agents, per Murray. The qualifying offers for Moon and Diabate would have been partially guaranteed minimum-salary offers, since they were ineligible for another two-way QO.
Neither Nate Hinton nor Jermaine Samuels received a two-way qualifying offer from the Rockets, tweets Kelly Iko of The Athletic. Both players will be unrestricted free agents.

Clippers Turn Down Team Option On Kai Jones

June 29th, 2024 at 6:37pm CST by Arthur Hill

The Clippers have declined their $2.2MM team option on backup big man Kai Jones, according to Law Murray of The Athletic (Twitter link).

Team officials hope to work out a new contract with Jones, who will now be an unrestricted free agent, Murray adds.

The 19th overall pick in the 2021 draft, Jones wasn’t able to earn rotation minutes during his first two seasons with Charlotte. He was waived in October after a series of unusual social media posts that called out several of his Hornets teammates.

Jones returned to the NBA in March on a 10-day contract with Philadelphia, but didn’t see any game action before it expired. He signed with the Clippers on the final day of the regular season and didn’t get into a game with them either.

Wizards Decline Team Option On Tristan Vukcevic

June 29th, 2024 at 6:22pm CST by Arthur Hill

The Wizards have turned down a $2.42MM team option on Tristan Vukcevic, sources told Michael Scotto of HoopsHype (Twitter link).

The Serbian center, a rookie in 2023/24, was eligible for a qualifying offer, but there’s no indication he received one ahead of Saturday afternoon’s deadline. Unless word of that QO trickles in late, he will be unrestricted when free agency starts on Sunday.

Washington drafted Vukcevic with the 42nd pick in 2023, but he spent most of the season with KK Partizan in Serbia before joining the Wizards in March. He started four of the 10 games he played during his brief time in the NBA, averaging 8.5 points and 3.6 rebounds in 15.3 minutes per night.

Washington is optimizing its financial flexibility going into free agency, Scotto adds. The Wizards are also expected to be active on the trade market, with several teams expressing interest in Kyle Kuzma, Corey Kispert and others.