Transactions Rumors | Hoops Rumors

Grizzlies Sign Jontay Porter To Three-Year Deal

November 22nd, 2020 at 12:30pm CST by Luke Adams

6:11pm: The deal is official, according a Grizzlies press release.

12:30pm: The Grizzlies and restricted free agent forward Jontay Porter have agreed to terms on a new three-year, $6MM deal, his agents at Priority Sports tell Adrian Wojnarowski of ESPN (Twitter link).

Porter, who went undrafted in 2019 out of Missouri after tearing his ACL for a second time, was once considered a top prospect but has yet to play in an NBA game due to those knee injuries. Still, the Grizzlies seem to believe in his upside, having signed him to a contract before the end of the 2019/20 season in anticipation of him being ready for training camp later in the year.

Although the Grizzlies turned down Porter’s team option earlier in the week, they made him a restricted free agent and had Non-Bird rights on him, allowing for a deal that exceeds two years without using the mid-level, ESPN’s Bobby Marks notes (via Twitter). It appears it’ll also be worth a little more than the minimum.

Trail Blazers, Rockets Complete Robert Covington Trade

November 22nd, 2020 at 12:19pm CST by Luke Adams

NOVEMBER 22: The deal is now official, according to a press release from the Trail Blazers. Covington goes to Portland in exchange for Ariza, the draft rights to No. 16 pick Isaiah Stewart, and the Blazers’ protected 2021 first-round pick.

Houston can now flip Ariza and Stewart to the Pistons, who will in turn send Ariza to Oklahoma City.

NOVEMBER 16: The Rockets and Trail Blazers are finalizing an agreement on a trade that will send forward Robert Covington to Portland, reports ESPN’s Adrian Wojnarowski (via Twitter). In exchange for Covington, Houston will acquire forward Trevor Ariza, the No. 16 pick in the 2020 draft, and Portland’s protected 2021 first-round selection, sources tell Wojnarowski.

While Covington isn’t the Rocket whose name has been mentioned most frequently in trade rumors during the last week or two, the fact that Houston is willing to move him indicates the team is no longer satisfied to simply run it back for the 2020/21 season. James Harden and Russell Westbrook are, of course, both reportedly hoping to be dealt this fall, so we’ll have to wait to see if this trade is a precursor to larger moves for the Rockets.

It was only nine months ago that the Rockets surrendered Clint Capela and a first-round pick in a four-team deal to acquire Covington, a three-and-D wing whom the team viewed as an ideal fit for its system. The 29-year-old did fit in well in Houston, averaging 11.6 PPG and 8.0 RPG in 22 games (33.0 MPG) down the stretch, though he struggled with his shot (.392 FG%, .315 3PT%). Covington was more reliable in the postseason, making 50.0% of his three-point attempts.

Ariza, who also plays a three-and-D role, is no stranger to Houston, having had two previous stints with the organization. Although he’s 35 years old, Ariza was still a solid contributor in Portland last season, averaging 11.0 PPG and 4.8 RPG with a .491/.400/.872 shooting line in 21 games (33.4 MPG) after being acquired in a trade-deadline deal. He opted out of the NBA’s restart this summer in Orlando.

Covington ($12.1MM) and Ariza ($12.8MM) have similar salaries for the 2020/21 season, though Ariza’s money is mostly non-guaranteed. It’ll need to be guaranteed for salary-matching purposes, tweets ESPN’s Bobby Marks. While Ariza’s deal is set to expire a year from now, Covington’s contract is a little more team-friendly, running through 2022.

Covington’s age, contract, and versatility were all presumably factors in Portland’s decision to give up its next two first-round picks along with Ariza to land him. The veteran forward will join a lineup that will also feature Damian Lillard, CJ McCollum, and Jusuf Nurkic. Rodney Hood, Gary Trent Jr., and Zach Collins are among the candidates to fill out an impressive starting five.

The trade will have to be officially completed after the Blazers pick at No. 16 on behalf of the Rockets on Wednesday, since teams aren’t allowed to leave themselves with no first-round picks in two consecutive future drafts. Once the 2020 draft is over, Portland will be able to trade its 2021 pick.

Photo courtesy of USA Today Sports Images.

Trail Blazers Sign Harry Giles

November 22nd, 2020 at 11:54am CST by Arthur Hill

8:29pm: The signing is official, according to a team press release.

11:54am: It’ll be a minimum-salary contract for Giles in Portland, reports Michael Scotto of HoopsHype (Twitter link).

10:53am: Harry Giles will sign a one-year contract with the Trail Blazers, tweets ESPN’s Adrian Wojnarowski.

Giles, 22, was originally drafted by Portland in 2017, but was sent to the Kings in a draft night trade. He spent two seasons in Sacramento, but his progress was limited by knee injuries that have plagued him since high school. He was a free agent because Sacramento elected not to pick up his third-season option.

Giles appeared in 46 games last season, starting 17, and averaged 6.9 points and 4.1 rebounds in about 12 minutes per night. New Kings general manager Monte McNair had been hoping to keep Giles, and several teams were interested in signing him because of his potential.

Theo Pinson Returning To Knicks On Two-Way Deal

November 22nd, 2020 at 11:51am CST by Arthur Hill

NOVEMBER 29: Pinson’s two-way deal with the Knicks is now official, the team tweets.

NOVEMBER 22: The Knicks will sign Theo Pinson to a two-way contract, tweets Bobby Marks of ESPN.

New York claimed Pinson off waivers in June, but he became a free agent on Thursday when the Knicks turned down their team option for 2020/21.

The 25-year-old shooting guard spent the past two years with the Nets. He got into 33 games last season, averaging 3.6 PPG in about 11 minutes per night.

The Knicks created a two-way opening by waiving Kenny Wooten earlier this week. They made a qualifying offer to Jared Harper, who could return to fill the other two-way slot.

Warriors Sign Kent Bazemore To One-Year Deal

November 22nd, 2020 at 11:47am CST by Luke Adams

NOVEMBER 24: The Warriors have signed Bazemore to his one-year contract, according to the NBA’s official transactions log.

NOVEMBER 22: The Warriors and free agent forward Kent Bazemore have agreed to a one-year deal, agent Austin Walton tells Shams Charania of The Athletic (Twitter link).

Bazemore’s new contract will be worth the veteran’s minimum, according to Anthony Slater of The Athletic (Twitter link), so it won’t cut into Golden State’s mid-level exception or potential disabled player exception. Bazemore will earn $2.32MM, while Golden State will take a $1.62MM cap hit.

It’s a reunion for the two sides, as Bazemore started his career in Golden State as an undrafted free agent back in 2012. This time around, the 31-year-old should get an opportunity to play regular minutes on the wing, especially with Klay Thompson expected to miss the entire season with an Achilles tear.

Bazemore, who began last season with the Trail Blazers, had a slow start to the year, but played well after being traded to the Kings in January. In 25 games down the stretch for Sacramento, the three-and-D swingman averaged 10.3 PPG, 4.9 RPG, and 1.2 SPG with a shooting line of .418/.384/.733.

Bucks Sign Torrey Craig

November 22nd, 2020 at 11:21am CST by Luke Adams

NOVEMBER 26: The Bucks have officially signed Craig to a one-year contract, according to the NBA’s transactions log.

NOVEMBER 22: The Bucks are making another free agent addition, according to Adrian Wojnarowski of ESPN, who reports (via Twitter) that the team has reached a deal with veteran wing Torrey Craig. Craig’s reps at CAA confirmed the agreement.

Craig entered the league year as a restricted free agent, but became unrestricted when the Nuggets withdrew his qualifying offer on Saturday. As a result, Denver didn’t have the right to match offers for the swingman.

Craig, who will turn 30 next month, averaged 5.4 PPG and 3.3 RPG in 58 games (27 starts) for Denver in 2019/20, providing the team with solid perimeter defense. However, he became a victim of a roster crunch in Denver.

In Milwaukee, he’ll be tasked with helping to guard some of the Eastern Conference’s talented wing scorers, joining an impressive defensive squad that includes past All-Defensive players such as Giannis Antetokounmpo, Brook Lopez, and Jrue Holiday.

While the terms of Craig’s deal haven’t been reported, a minimum-salary pact seems likely, given Milwaukee’s projected hard-cap constraints.

Pacers To Re-Sign JaKarr Sampson

November 22nd, 2020 at 10:28am CST by Arthur Hill

JaKarr Sampson has agreed to re-sign with the Pacers, tweets Shams Charania of The Athletic. It will be a fully guaranteed minimum deal for one year, according to his agent, Aaron Turner.

The sixth-year forward came to Indiana in the summer of 2019 on a one-year contract. He appeared in 34 games, starting 12, and averaged 4.6 points and 2.6 rebounds per night.

Sampson, 27, has been with five teams since signing with the Sixers in 2014. He also had short stays with the Nuggets, Kings and Bulls.

Mavericks Sign Devonte Patterson To Exhibit 10 Deal

November 22nd, 2020 at 9:10am CST by Arthur Hill

DECEMBER 1: Patterson has been officially added to Dallas’ camp roster, the Mavs announced today (via Twitter).

NOVEMBER 22: Devonte Patterson of Prairie View will sign an Exhibit 10 contract with the Mavericks, tweets Tim Cato of The Athletic.

The 6’7″ forward was named SWAC Player of the Year last season after averaging 15.8 points and 6.4 rebounds per game. He originally declared for the NBA draft in 2019, but opted to return to school.

The signing assures Patterson an invitation to Dallas’ training camp. Players with Exhibit 10 contracts usually have the chance to earn bonus money for joining a team’s G League affiliate, but the fate of the G League is uncertain this season.

Wizards To Sign Caleb Homesley To Exhibit 10 Deal

November 22nd, 2020 at 12:49am CST by Luke Adams

After going undrafted on Wednesday, Liberty shooting guard Caleb Homesley has lined up an Exhibit 10 contract with the Wizards, the school’s basketball program announced (via Twitter).

Homesley averaged 15.3 PPG, 5.7 RPG, and 2.4 APG in 30 games (30.8 MPG), increasing his 3PT% to .369, the best mark of his college career.

In a typical year, players who receive invites to NBA training camps on Exhibit 10 deals would often end up with that team’s G League affiliate and would earn a $50K bonus for spending at least 60 days in the NBAGL. However, with the fate of the G League season up in the air, for now all that’s assured is that camp invite.

Suns Sign Ty-Shon Alexander To Two-Way Deal

November 22nd, 2020 at 12:20am CST by Luke Adams

NOVEMBER 24: Alexander has officially signed his two-way contract with the Suns, according to the NBA’s transactions log.

NOVEMBER 22: The Suns have agreed to sign undrafted rookie guard Ty-Shon Alexander to a two-way contract, according to Matt Babcock of Babcock Hoops (Twitter link). Alexander essentially confirmed the report, quoting Babock’s tweet and thanking the Suns for the opportunity.

Alexander played his college ball at Creighton, declaring for the draft this year after his junior season. In 31 games (34.7 MPG) for the Bluejays, he averaged 16.9 PPG, 5.0 RPG, and 2.3 APG on .431/.399/.860 shooting.

Mike Schmitz of ESPN, ranking Alexander as the ninth-best undrafted prospect, praised his “smooth shooting stroke and stellar defense,” suggesting he has the tools to develop into a three-and-D off guard.

Tariq Owens finished the 2019/20 season as Phoenix’s only player on a two-way contract, but didn’t receive a qualifying offer, so the club will likely look to sign a second two-way player to join Alexander.