Transactions Rumors | Hoops Rumors

Lakers Sign Marc Gasol To Two-Year Deal

November 24th, 2020 at 10:14am CST by Luke Adams

NOVEMBER 24: Gasol has signed his contract, according to Shams Charania of The Athletic, who reports (via Twitter) that it’s a straight two-year, minimum-salary deal, with no player or team option on year two.

Gasol will earn about $2.56MM in 2020/21 and $2.69MM in ’21/22.

NOVEMBER 22: The Lakers have reached an agreement to sign free agent center Marc Gasol, according to Shams Charania of The Athletic (Twitter link). Adrian Wojnarowski and Zach Lowe of ESPN, who first reported that the two sides were finalizing a deal, say it’ll be a two-year pact (Twitter links).

A former Defensive Player of the Year and three-time All-Star, Gasol has seen his numbers fall off significantly during the last year-and-a-half in Toronto. He averaged just 7.5 PPG and 6.3 RPG in 44 games (26.4 MPG) in 2019/20.

However, while he’s no longer as prolific a scorer as he was during his days with the Grizzlies, Gasol can still knock down three-pointers (38.5% in ’19/20) and facilitate an offense from the top of the key. He also remains a very effective defender, which will be important in Los Angeles. Montrezl Harrell, the Lakers’ other big frontcourt free agent addition, is far more effective on offense than on defense.

It appears likely that Gasol will get a minimum-salary deal from the Lakers, who are up against a hard cap. The team agreed to trade JaVale McGee to the Cavaliers, but will have to take back some salary in that deal. Plus, giving Gasol more than the minimum would require the Raptors to accommodate a sign-and-trade agreement.

Because the Lakers are offering a two-year contract, the first-year cap hit will be about $2.56MM instead of $1.62MM. The NBA partially reimburses teams for one-year minimum-salary veteran contracts, but not for two-year deals.

After completing this series of roster moves and filling out their roster with minimum-salary signings, the Lakers project to be about $1.3MM below the hard cap, tweets Bobby Marks of ESPN.

Gasol was drafted by L.A. way back in 2007 but was traded to Memphis in a package for his brother Pau Gasol and never appeared in a game for the Lakers. Thirteen years later, he’ll finally suit up for the franchise.

Meanwhile, the Raptors – having lost both Gasol and Serge Ibaka in free agency – have pivoted by securing a commitment from free agent center Aron Baynes. The team is also re-signing RFA big man Chris Boucher.

Photo courtesy of USA Today Sports Images.

Four-Team Jrue Holiday, Steven Adams Trade Officially Complete

November 24th, 2020 at 9:15am CST by Luke Adams

The Pelicans, Thunder, Bucks, and Nuggets have officially completed the four-team trade that will send Jrue Holiday to Milwaukee and Steven Adams to New Orleans, the Pelicans announced today in a press release.

In total, the mega-deal involves 10 players, five draft picks, and two future pick swaps. The trade breaks down as follows:

Bucks acquire Holiday and the draft rights to Sam Merrill (No. 60 pick; from Pelicans).
Pelicans acquire Adams, Eric Bledsoe, the Bucks’ 2025 first-round pick (unprotected), the Bucks’ 2027 first-round pick (unprotected), and the right to swap first-round picks with the Bucks in 2024 and 2026.
Thunder acquire George Hill, Darius Miller, Kenrich Williams (sign-and-trade), Josh Gray (sign-and-trade), Zylan Cheatham (sign-and-trade), the Nuggets’ 2023 first-round pick (top-14 protected), the Wizards’ 2023 second-round pick (from Pelicans), and the Hornets’ 2024 second-round pick (from Pelicans).
Nuggets acquire the draft rights to RJ Hampton (No. 24 pick; from Bucks).

The deal began when the Bucks and Pelicans reached an agreement on a trade sending Holiday to Milwaukee last week. From there, the Thunder got involved when New Orleans agreed to flip Hill to Oklahoma City in a trade for Adams.

A draft-night deal between the Nuggets and Pelicans that involved the Nuggets’ 2023 first-rounder and the Bucks’ No. 24 pick (sent to New Orleans as part of the original Holiday agreement) was folded in to make it a four-team trade when the Pels agreed to flip Denver’s ’23 pick to OKC as part of the Adams package.

As cap expert Albert Nahmad has pointed out (via Twitter), it’s an intricate, complex transaction that had to make use of a slew of CBA rules. The Pelicans, who are signing Adams to a two-year extension as part of the trade, needed to sign-and-trade Williams, Gray, and Cheatham to Oklahoma City and guarantee most or all of Miller’s $7MM salary in order to abide by salary-matching rules.

Meanwhile, Adams gets a trade bonus worth a little over $2MM as part of the deal, while the Thunder create the largest trade exception in NBA history, worth $27.5MM, per ESPN’s Bobby Marks (Twitter link).

Unfortunately, as Nahmad observes (via Twitter), Oklahoma City will likely have to use that massive TPE immediately to accommodate the acquisition of Al Horford. Still, as John Hollinger of The Athletic writes, the Thunder should come out of their series of transactions with a handful of usable trade exceptions, including one worth $15.4MM.

A full breakdown of this offseason’s trades – including the ones not yet made official – can be found right here.

Photo courtesy of USA Today Sports Images.

Bucks Sign Second-Round Pick Jordan Nwora

November 24th, 2020 at 8:30am CST by Luke Adams

The Bucks have officially signed second-round pick Jordan Nwora to his first NBA contract, according to the league’s transactions log.

Jake Weingarten of Stock Risers reports (via Twitter) that Nwora signed a two-year, fully guaranteed contract. It figures to be worth the minimum, meaning he’d earn $898K in year one and $1.52MM in year two.

[RELATED: 2020 NBA Draft Pick Signings]

A two-time All-ACC player for Louisville, Nwora averaged 18.0 PPG and 7.7 RPG in 31 games (33.1 MPG) in 2019/20, with a solid shooting line of .440/.402/.813. He declared for the draft as an early entrant following his junior season and was selected by Milwaukee with the No. 45 overall pick.

The Bucks, who were prioritizing second-rounders this season in order to fill out the back of their roster with inexpensive rookie minimum salaries, acquired the No. 45 pick from Orlando for a pair of future second-rounders. Milwaukee is also acquiring the No. 60 pick (Sam Merrill) from the Pelicans as part of the Jrue Holiday blockbuster.

Knicks’ Jared Harper Signs Two-Way Qualifying Offer

November 24th, 2020 at 8:03am CST by Luke Adams

Jared Harper is officially back with the Knicks on a two-way contract, according to the NBA’s transactions log. Keith Smith of Yahoo Sports confirms (via Twitter) that Harper signed his two-way qualifying offer from the team.

Harper, 23, signed a two-way contract with Phoenix last July after going undrafted out of Auburn. The 5’11” point guard logged just eight total minutes in three NBA games for the Suns, but had a strong season for the Northern Arizona Suns, Phoenix’s G League affiliate.

In 34 NBAGL games (28.9 MPG), Harper averaged 20.2 PPG, 5.5 APG, 2.6 RPG, and 1.1 SPG with a shooting line of .413/.362/.787.

The Suns released Harper before the NBA restarted its season in July and the Knicks claimed him off waivers, retaining the right to make him a restricted free agent with a two-way qualifying offer. Now Harper appears set to fill one of the team’s two-way contract slots, alongside Theo Pinson.

Jordan Bone Agrees To Two-Way Deal With Magic

November 23rd, 2020 at 6:08pm CST by Dana Gauruder

Second-year point guard Jordan Bone has agreed to a two-way contract with the Magic, Shams Charania of The Athletic tweets.

Bone played on a similar contract with the Pistons after being drafted in the second round in 2019 but spent much of the season in the G League. He appeared in 10 games with Detroit but only averaged 5.3 MPG in those outings.

The Pistons, under new GM Troy Weaver, decided not to extend a qualifying offer to Bone. That made the former Tennessee star an unrestricted free agent.

Orlando is also reportedly using its other two-way slot on another point guard, Karim Mane.

Suns Waive Elie Okobo

November 23rd, 2020 at 5:39pm CST by Luke Adams

The Suns have waived backup guard Elie Okobo, according to John Hollinger of The Athletic (Twitter link).

The 31st overall pick in the 2018 draft, Okobo 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.

Okobo became expendable as a result of Cameron Payne‘s strong play during the summer restart and the Suns’ offseason backcourt overhaul. Chris Paul, E’Twaun Moore, and Langston Galloway are joining Devin Booker and Payne.

Okobo’s $1.66MM salary for the 2020/21 season would have become guaranteed if he remained under contract through this Thursday. By waiving him, the Suns won’t be on the hook for any of that money. Okobo, meanwhile, will become an unrestricted free agent if he goes unclaimed.

Suns Sign Langston Galloway

November 23rd, 2020 at 5:26pm CST by Luke Adams

NOVEMBER 29: The move is official, according to the RealGM Transactions Page.

NOVEMBER 23: The Suns have reached a contract agreement with free agent guard Langston Galloway, according to Michael Scotto of HoopsHype (Twitter link). It’s a minimum-salary deal for Galloway, reports John Gambadoro of Arizona Sports 98.7 (via Twitter).

Duane Rankin of The Arizona Republic (Twitter link) reported earlier this afternoon that Phoenix had interest in signing Galloway.

Galloway flew somewhat under the radar in 2019/20 as part of a Pistons team that was never in the playoff hunt. However, he enjoyed arguably the best individual season of his career, with 10.3 PPG on .435/.399/.859 shooting in 66 games (25.8 MPG).

In Phoenix, Galloway will provide extra depth in a talented backcourt that already features Chris Paul, Devin Booker, and E’Twaun Moore. He and Moore figure to give the Suns some scoring punch off the bench.

Hornets To Sign Xavier Sneed

November 23rd, 2020 at 5:18pm CST by Dana Gauruder

The Hornets have reached a contract agreement with undrafted rookie forward Xavier Sneed, Chris Haynes of Yahoo Sports tweets.

Charlotte has reportedly filled its two-way slots, so Sneed’s deal is likely an Exhibit 10 deal. An Exhibit 10 contract provides players with an invitation to training camp and a guarantee of up to $50K if they are waived and later assigned to the team’s affiliate in the G League.

Sneed was a four-year player and three-year starter at Kansas State. As a senior, he averaged 14.2 PPG, 4.8 RPG, 1.7 APG and 1.8 SPG in 32.6 MPG. Sneed was an early entrant for the 2019 draft but withdrew his name in time to return for his senior campaign at KSU.

Bucks, Cavaliers Complete Minor Trade

November 23rd, 2020 at 5:17pm CST by Luke Adams

The Cavaliers and Bucks have officially completed a minor trade, the Cavs announced today in a press release.

The Cavaliers acquired the Bucks’ 2025 second-round pick in the deal in exchange for the rights to former second-round pick Ilkan Karaman. Additionally, the protections on the Bucks’ 2022 first-round pick – sent to Cleveland in a deal two years ago – have been removed.

Although it’s technically a separate transaction, this deal is related to the Bucks’ Jrue Holiday mega–deal. Milwaukee is sending the Pelicans two future first-round picks in that swap. That wouldn’t have been possible as long as the conditions on the traded 2022 pick (which was protected through 2024) remained in place.

Teams aren’t permitted to leave themselves without first-round picks in back-to-back future drafts or trade picks more than seven years in advance. By removing the protections on the 2022 pick to Cleveland, the Bucks freed up their first-rounders to be dealt starting in 2024 — they’ll send the 2025 and 2027 selections to New Orleans.

As a sweetener for accommodating the Bucks, the Cavaliers will pick up that 2025 second-rounder in exchange for the NBA rights of a player drafted in 2012 who will almost certainly never play in the NBA.

Rockets Sign DeMarcus Cousins To One-Year Deal

November 23rd, 2020 at 5:05pm CST by Luke Adams

DECEMBER 1: The Rockets have officially signed Cousins, the team announced today in a press release. Houston now has a full 20-man roster.

NOVEMBER 23: The Rockets and free agent center DeMarcus Cousins have agreed to a one-year, minimum-salary contract, according to Tim MacMahon of ESPN.

Shams Charania of The Athletic (Twitter links) first reported that the two sides were nearing a deal and says it will be non-guaranteed.

Cousins, 30, has only played in 78 games over the last three seasons – and didn’t play at all in 2019/20 – due to a series of major leg injuries, including a torn Achilles and, most recently, a torn ACL.

He reportedly received contract offers prior to the NBA’s summer restart, but turned them down in order to focus on his rehab. He’s aiming to get back to 100% before returning to action, so it’s not clear yet whether he’ll be ready to go for the start of the season.

A fully-healthy Cousins would be a tantalizing weapon for the Rockets this season. The four-time All-Star has career averages of 21.2 PPG, 10.9 RPG, and 3.2 APG in 565 games, and while he’s certainly unlikely to match those numbers, he’d be a bargain for Houston if he’s able to recapture his old form at all.

Houston’s agreement with Cousins is the latest signal that the team will be pivoting away from its micro-ball approach for 2020/21. The team also agreed to a three-year, $41MM deal with big man Christian Wood.

Photo courtesy of USA Today Sports Images.