Transactions Rumors | Hoops Rumors

Brantley Signs Two-Way Deal With Jazz

November 24th, 2020 at 6:47pm CST by Dana Gauruder

Jarrell Brantley has signed a two-way contract with the Jazz, Tony Jones of The Athletic tweets.

The small forward played under a similar deal last season and became a restricted free agent when Utah extended a qualifying offer last week.

A second-round pick in 2019, Brantley excelled at the G League level last season, as he was named to the All-NBAGL First Team. The former College of Charleston star averaged 18.8 PPG, 7.6 RPG and 3.7 APG in 33 starts with the Salt Lake City Stars. He played nine NBA games in his rookie season.

The Jazz have reportedly filled their other two-way slot with guard Trent Forrest.

Gallinari Acquired By Hawks In Sign-And-Trade

November 24th, 2020 at 6:45pm CST by Dana Gauruder

The Hawks have officially acquired forward Danilo Gallinari as part of a sign-and-trade with the Thunder, according to a team press release.

The Hawks also received cash considerations from the Thunder. Oklahoma City received a conditional 2025 second-round pick and create a large traded player exception through the transaction. According to ESPN’s Bobby Marks, it’s a $19.5MM exception (Twitter link).

The Thunder also created a $27.5MM exception by officially trading Steven Adams to New Orleans earlier in the day, though they’ll have to use it to take on Al Horford from Philadelphia (creating a new $15.4MM TPE for sending out Danny Green).

Gallinari signed a three-year contract reportedly worth $61.5MM. He reached an agreement with Atlanta on Friday, the first day of free agency.

“Danilo checks a lot of boxes for what we have prioritized,” Hawks GM Travis Schlenk said in the release. “We wanted to add productive veterans and high-level shooting to our group and he provides both. At his size, he is one of the league’s most versatile and efficient scorers and he has proven to be the type of veteran you want in your locker room.”

Gallinari, 32, had a strong season in Oklahoma City in 2019/20, averaging 18.7 PPG and 5.2 RPG on .438/.405/.893 shooting in 62 games (29.6 MPG). He’ll slot in at small forward, though he could also see extensive action the “four” in smaller lineups.

Thunder Sign Frank Jackson

November 24th, 2020 at 5:59pm CST by Luke Adams

DECEMBER 4: The Thunder have officially signed Jackson, the team announced today in a press release.

NOVEMBER 24: The Thunder have agreed to sign free agent guard Frank Jackson, reports ESPN’s Adrian Wojnarowski (via Twitter). Terms of the deal aren’t known, but Oklahoma City has already reportedly lined up players for its two-way slots, so it figures to be a standard contract.

Jackson, the 31st overall pick in the 2017 draft out of Duke, missed his entire rookie season with a foot injury, but has appeared in 120 games for the Pelicans over the last two years, averaging 7.2 PPG, 1.8 RPG, and 1.1 APG on .422/.319/.743 shooting during that time.

The 22-year-old was eligible for restricted free agency this fall, but the Pelicans opted not to tender him a qualifying offer, making him an unrestricted free agent. So he can sign with Oklahoma City outright.

Five players who finished the season under contract with the Pelicans are now on track to become members of the Thunder — New Orleans sent Darius Miller, Kenrich Williams, Josh Gray, and Zylan Cheatham to Oklahoma City in the Steven Adams blockbuster that was completed earlier today.

Pistons Sign Wayne Ellington

November 24th, 2020 at 5:58pm CST by Dana Gauruder

DECEMBER 2: The Pistons have officially signed Ellington, the team announced today in a press release.

NOVEMBER 24: Free agent shooting guard Wayne Ellington has agreed to a one-year, $2.6MM contract with the Pistons, ESPN’s Adrian Wojnarowski tweets.

The Pistons, who have engaged in a flurry of roster moves over the past week, are hard-capped but needed backcourt help and decided to bring in Ellington on a veteran’s minimum contract. Svi Mykhailiuk is the only other natural shooting guard on the roster.

This is Ellington’s second stint with the organization. He played 28 games for the Detroit during the 2018/19 season. He saw action in 36 games with the Knicks last season, averaging 5.1 PPG and 15.1 MPG. Ellington, 32, is a career 37.8% 3-point shooter.

Sixers Reach Agreement With Ryan Broekhoff

November 24th, 2020 at 4:59pm CST by Dana Gauruder

4:59pm: Broekhoff’s deal will be non-guaranteed, tweets Keith Pompey of The Philadelphia Inquirer.

4:14pm: The Sixers have agreed to a contract with free agent swingman Ryan Broekhoff, ESPN’s Adrian Wojnarowski tweets. The terms have yet to be announced but it’s anticipated that he’ll get the veteran’s minimum.

Broekhoff signed with Philadelphia prior to the restart as a substitute player but bowed out after his wife contracted the coronavirus. He played the last two seasons with the Mavericks, averaging 4.0 PPG in 10.7 in 59 career games. He’s a 40.3% 3-point shooter.

He was waived in February when Dallas signed Michael Kidd-Gilchrist.

Broekhoff spent the first few years of his career with Besiktas in Turkey and Lokomotiv Kuban in Russia and had drawn interest from international teams. However, he preferred to resume his career in the NBA.

Knicks Trade Ed Davis To Wolves For Spellman, Evans, Pick

November 24th, 2020 at 4:38pm CST by Alex Kirschenbaum

NOVEMBER 24: The Timberwolves have officially acquired Davis from the Knicks in exchange for Spellman, Evans, and a future draft pick, the team confirmed today in a press release. According to the Wolves, the pick going to the Knicks is Minnesota’s 2026 second-rounder.

NOVEMBER 22: The Knicks will trade big man Ed Davis to the Timberwolves for big man Omari Spellman, shooting guard Jacob Evans and the rights to a future second-round pick, according to Adrian Wojnarowski of ESPN (via Twitter).

Evans and Spellman, sent by the Warriors to Minnesota at the 2020 deadline as part of the D’Angelo Russell–Andrew Wiggins deal, will earn a combined $4MM in 2020/21. Davis, meanwhile, is set to make $5MM this season.

Given the added money and the fact that the Timberwolves are surrendering a draft asset in the deal, it looks as if the Wolves like Davis and intend to retain him. At just 31 years old, the athletic journeyman could help spell sharpshooting star center Karl-Anthony Towns.

Davis had career-lows in minutes (10.8 MPG in just 28 games), points (1.8 PPG) and rebounds (3.8 RPG) during his 2019/20 season with the Jazz. Utah agreed to send him to New York earlier this week in a salary-dump deal.

Considering that the Knicks acquired two 2023 second-round draft picks for taking on Davis’ salary originally, it is impressive that the club has now added a third second-round draft pick in moving off his salary.

With these new additions, the Knicks now have 16 players on their roster, aside from their two-way players. Marc Berman of the New York Post has said the Knicks like Spellman, but it’s not clear whether or not Evans will be retained.

Luke Adams contributed to this report.

Pistons Waive Center Dewayne Dedmon

November 24th, 2020 at 4:33pm CST by Dana Gauruder

The Pistons have waived recently-acquired center Dewayne Dedmon, James Edwards III of The Athletic tweets.

Detroit officially acquired Dedmon from the Hawks on Friday and sent out wings Tony Snell and Khyri Thomas in the deal. However, the Pistons had no intention of keeping Dedmon, who has a $13.3MM guaranteed contract in 2020/21.

Dedmon also had a $13.3MM salary for ’21/22 but it was only guaranteed for $1MM. Detroit is expected to use the stretch provision to distribute the cap hit over five seasons. Dedmon would only count $2.9MM per season against the Pistons’ cap if his salary is stretched.

Dedmon, 31, appeared in a combined 44 games with the Kings and Hawks last season. He’s averaged 6.4 PPG and 6.0 RPG in 18.3 MPG over 394 career games.

Rockets, Pistons Complete Christian Wood Sign-And-Trade

November 24th, 2020 at 3:59pm CST by Luke Adams

3:59pm: Bobby Marks of ESPN has the new protections on the Pistons’ first-round pick being sent to Houston in the deal. According to Marks (Twitter link), it’s top-16 protected in 2021 and 2022, top-18 in ’23 and ’24, top-13 in ’25, top-11 in ’26, and top-nine in ’27. If it still hasn’t changed hands by that point, the Rockets will get a 2027 second-round pick.

3:38pm: The Pistons and Rockets each issued press releases today to formally announce that free agent big man Christian Wood has officially been sent to Houston in a sign-and-trade deal.

The move combines Wood’s deal with the Trevor Ariza trade the two teams originally agreed to last week. The end result is as follows:

Pistons acquire Ariza, the draft rights to Isaiah Stewart (the No. 16 pick in the draft), cash ($4.6MM), and a future Rockets second-round pick.
Rockets acquire Wood (via sign-and-trade), the Pistons’ 2021 first-round pick (heavily protected) and the Lakers’ 2021 second-round pick.

The Pistons’ and Rockets’ official announcements offer even fewer specifics than outlined above, so we’ll have to wait for clarification on the last few aspects of the deal, such as the future second-rounder going to Detroit and the protections on the first-round pick going to Houston.

That Pistons first-rounder was initially expected to be top-16 protected for four years, but Detroit reportedly increased the protections a little further when the team agreed to accommodate Wood’s sign-and-trade. The Rockets were unable to offer Wood his three-year, $41MM deal without the Pistons’ cooperation.

Now that this deal is complete, Ariza can be traded for the third time of the offseason. The veteran forward has already been sent from Portland to Houston to Detroit and will now be rerouted to Oklahoma City as part of a three-team trade involving the Pistons, Thunder, and Mavericks.

Meanwhile, the Rockets officially add one of the top free agents of this year’s class. Wood had a breakout year in 2019/20, though his full-season stats (13.1 PPG, 6.3 RPG) don’t tell the full story — after he entered the starting lineup following the Pistons’ Andre Drummond trade, he recorded 22.8 PPG, 9.9 RPG, and 2.0 APG over his final 13 games.

Wood will join a Rockets squad that no longer seems intent on continuing the micro-ball experiment that they attempted last season after trading Clint Capela to Atlanta. Houston has also reached a deal to sign DeMarcus Cousins.

Photo courtesy of USA Today Sports Images.

Donovan Mitchell Signs Max Extension With Jazz

November 24th, 2020 at 3:22pm CST by Arthur Hill

NOVEMBER 24: The Jazz have officially signed Mitchell to his new five-year extension, per the NBA’s transactions log. According to Michael Scotto of HoopsHype (Twitter link), the deal features a 15% trade kicker.

NOVEMBER 22: Jazz star Donovan Mitchell will sign a maximum rookie scale extension, tweets ESPN’s Adrian Wojnarowski. The deal will cover five seasons, starting in 2021/22, and will include a fifth-year player option for the ’25/26 season, reports ESPN’s Bobby Marks (via Twitter).

Mitchell will be guaranteed 25% of the salary cap, which would make the total value of the deal around $163MM over five years. That figure could rise to 30% if he meets All-NBA criteria for the upcoming season, which would put the contract in the neighborhood of $195MM. Those projections rely on an annual 3% increase in the cap, so the actual value could vary.

Mitchell will earn about $5.2MM in 2020/21, the last year of his rookie contract, before the extension officially begins a year from now.

The 13th overall pick in the 2017 draft, Mitchell has become a star in Utah during his three NBA seasons and is coming off his first All-Star appearance. He averaged a career-best 24.0 points per game last season and followed that with a historic playoff performance, scoring 36.3 PPG in the seven-game loss to the Nuggets.

He has improved his averages in several key statistical categories – including points and assists per game, as well as three-point percentage – in each of his three professional seasons and is still just 24 years old.

Utah has gotten most of its offseason business out of the way during the first 48 hours of the free agency period, having agreed to re-sign Jordan Clarkson and reaching a deal to bring back Derrick Favors using their mid-level exception.

Having locked up Mitchell, the Jazz are expected to focus on a new contract for center Rudy Gobert, who is also eligible for an extension. Gobert will reach unrestricted free agency in 2021 if the two sides don’t agree to a new deal before then.

Photo courtesy of USA Today Sports Images.

Pelicans Sign Steven Adams To Extension

November 24th, 2020 at 3:12pm CST by Luke Adams

NOVEMBER 24: Now that the trade sending him to New Orleans has been completed, the Pelicans have officially announced their extension agreement with Adams.

NOVEMBER 23: As part of the trade that will send center Steven Adams from Oklahoma City to New Orleans, the Pelicans are signing Adams to a two-year contract extension worth $35MM, sources tell Zach Lowe and Adrian Wojnarowski of ESPN (Twitter links). The deal, which will run through 2022/23, will be fully guaranteed, per the ESPN duo.

Teams are permitted to extend players as part of trades, though those deals are limited to three total years, including the ones remaining on the player’s current contract. Since Adams is on an expiring contract, the Pelicans are able to tack on two new years. Worth $17.5MM annually, the extension will represent a dip from the big man’s current $27.5MM salary.

As we relayed earlier tonight, the Pelicans reportedly pursued Adams during the 2019 offseason. Their willingness to surrender a first-round pick for him and sign him to an extension are two more signs that he’s a player they value significantly.

In 2019/20, Adams averaged 10.9 PPG, 9.3 RPG, and 2.3 APG in 63 games (26.7 MPG) as Oklahoma City’s starting center, helping to anchor the team’s defense. He’ll presumably take on a similar role in New Orleans, playing alongside Zion Williamson in the Pelicans’ starting five.

Adams is now on track to reach unrestricted free agency at age 30 in 2023.

Photo courtesy of USA Today Sports Images.