Transactions Rumors | Hoops Rumors

Pistons Expected To Waive-And-Stretch Dedmon

November 21st, 2020 at 2:46pm CST by Dana Gauruder

NOVEMBER 21: The Pistons likely won’t use the stretch provision on McGruder after all, according to Edwards (Twitter link). The team will save some money in its trade for Delon Wright and no longer needs the extra space that waiving and stretching McGruder would provide.

NOVEMBER 20: The Pistons have made a flurry of reported free agent moves and they’ll apparently clear cap space by using the waive-and-stretch provision on two recent acquisitions.

They’ll waive center Dewayne Dedmon and use the stretch provision to ease the cap hit, according to Vincent Goodwill of Yahoo Sports (Twitter link). They’re likely to do the same with Rodney McGruder, James Edwards III of The Athletic tweets.

Detroit officially acquired Dedmon from the Hawks on Friday in exchange for Tony Snell and Khyri Thomas. Dedmon was slated to make $13.33MM in the upcoming season with an identical contract number that was only guaranteed for $1MM for the 2021/22 season.

The Pistons acquired McGruder from the Clippers in a three-team trade that became official on Thursday. McGruder had a guaranteed $5.2MM contract for the upcoming season with a non-guaranteed salary of $5MM for 2021/22.

Those non-guaranteed years are significant because they allow Detroit’s front office use the stretch provision for five years instead of three, Eric Pincus of Bleacher Report notes (Twitter links). Since only the guaranteed money counts, Dedmon would only count $2.9MM against the Pistons’ cap over the next five seasons, while the cap hit on McGruder would be just over $1MM in those years.

The Pistons made the trade with Atlanta because it allowed them stretch Dedmon’s contract over five years, rather than stretching Snell’s $12.2MM expiring contract for three years, Edwards tweets.

Those moves will allow Detroit to ink free agents Jerami Grant and Mason Plumlee, as well as completing a sign-and-trade with Houston involving Christian Wood.

Bucks Re-Sign Pat Connaughton

November 21st, 2020 at 2:41pm CST by Luke Adams

NOVEMBER 24: The Bucks have officially re-signed Connaughton, according to the NBA’s transactions log.

NOVEMBER 21: The Bucks and Connaughton have adjusted their agreement and will now complete a three-year, $16MM deal, his representatives at Excel tell Wojnarowski (Twitter link).

The Early Bird/player option noted below likely played a part in this renegotiation, as Milwaukee would have had to use part of its mid-level exception to complete the deal that was initially reported. Now the Bucks will be able to use their Early Bird rights on Connaughton while using their mid-level on D.J. Augustin.

NOVEMBER 20: The Bucks have reached an agreement on a two-year deal for free agent guard Pat Connaughton, his agents inform ESPN’s Adrian Wojnarowski (Twitter links). According to Woj, the two-year contract will be worth $8.3MM with a player option in year two.

Connaughton, who will turn 28 in January, has been a regular rotation player off the bench for the Bucks in each of the last two seasons. He averaged 5.4 PPG, 4.2 RPG, and 1.6 APG with a .455/.331/.775 shooting line in 67 games (18.6 MPG) in 2019/20.

The Bucks held Early Bird rights on Connaughton, allowing them to re-sign him without dipping into their mid-level or another exception. However, players signed using Early Bird rights aren’t permitted to get a second-year option in their contracts, so it seems like something’s got to give there.

Milwaukee will continue to seek ways to upgrade its roster after its rumored sign-and-trade deal for Bogdan Bogdanovic fell apart earlier this week.

Photo courtesy of USA Today Sports Images.

Sixers Sign Dwight Howard To One-Year Deal

November 21st, 2020 at 2:04pm CST by Dana Gauruder

NOVEMBER 21: The Sixers have officially announced the signing of Howard, confirming the move in a press release. Because it’s a minimum-salary deal, it can be completed during free agency’s moratorium period.

NOVEMBER 20: The Sixers and Dwight Howard have reached an agreement on a one-year contract, agent Charles Briscoe tells Shams Charania of The Athletic (Twitter link).

Word of Howard’s agreement with Philadelphia comes shortly after the veteran center published a tweet saying that he would be returning to the Lakers. He quickly deleted that tweet, with Charania reporting at the time that Howard was still mulling his options. Now it appears he’ll head east after winning a title in Los Angeles.

Howard will presumably be the primary backup for Joel Embiid in Philadelphia. He’ll receive the veteran’s minimum of $2.6MM, though the cap hit for the Sixers will be just $1.6MM. The contract is guaranteed, according to The Athletic’s David Aldridge (Twitter link). Last season, Howard signed a non-guaranteed contract with the Lakers and worked his way into their good graces.

Howard will be playing for seventh team in his 17th season. He got steady minutes off the bench with Los Angeles, appearing in 69 regular-season games while averaging 7.5 PPG, 7.3 RPG and 1.1 BPG in 18.9 MPG. He also saw action in 18 of the Lakers’ postseason games, averaging 5.8 PPG and 4.6 RPG.

Photo courtesy of USA Today Sports Images.

Magic Re-Sign Gary Clark To Two-Year Deal

November 21st, 2020 at 1:53pm CST by JD Shaw

NOVEMBER 23: The Magic have officially re-signed Clark, the team announced today in a press release.

NOVEMBER 21: The Magic have agreed to a new two-year contract with free agent forward Gary Clark, bringing him back for a second straight season, according to ESPN’s Adrian Wojnarowski (Twitter link).

The agreement is worth $4.1MM, Wojnarowski adds, which suggests it’ll be worth slightly more than the minimum. The second year of the contract will include a team option, Roy Parry of the Orlando Sentinel tweets.

Orlando tipped its hand that it wanted to bring back Clark but extending him a $1.82MM qualifying offer, which made him a restricted free agent.

The Magic signed Clark after the Rockets waived him in early January. Clark, 25, appeared in 24 games for Orlando, averaging 3.6 PPG and 2.9 RPG in 14.8 MPG. Clark, who turned 26 earlier this week, played a total of 69 games with Houston after going undrafted out of Cincinnati.

Grizzlies Sign John Konchar To Four-Year Deal

November 21st, 2020 at 1:48pm CST by JD Shaw

NOVEMBER 22: The Grizzlies have made their deal with Konchar official, announcing it in a press release.

NOVEMBER 21: The Grizzlies are signing swingman John Konchar to a four-year, $9MM deal, agent Happy Walters told Shams Charania of The Athletic (Twitter link).

Konchar, 24, was on a two-way contract with the team last season, averaging 2.8 points and 2.5 rebounds in his 19 games. He spent most of his time with the team’s G League affiliate, holding per-game averages of 12.2 points, 8.3 rebounds and 29.1 minutes. He received a qualifying offer from the Grizzlies earlier this week that made him a restricted free agent.

In addition to Konchar, Memphis also agreed to a new four-year contract with De’Anthony Melton on Saturday, plus two-way deals with Killian Tillie and Sean McDermott earlier in the week. The team lost forward Josh Jackson to Detroit when free agency began Friday night.

Konchar went undrafted in 2019, signing a two-way contract with the Grizzlies shortly thereafter. He spent four seasons at Purdue University Fort Wayne from 2016-19.

Nets Sign Jeff Green To One-Year Deal

November 21st, 2020 at 1:44pm CST by Dana Gauruder

NOVEMBER 23: It’s a done deal. The Nets sent out a press release confirming the signing of Green.

NOVEMBER 21: The Nets have reached a one-year agreement with forward Jeff Green, sources tell Shams Charania of The Athletic (Twitter link). He’ll receive the veteran’s minimum of $2.56MM, Michael Scotto of HoopsHype tweets, though it will only count $1.62MM against Brooklyn’s cap.

The journeyman forward was waived by the Jazz last season but had a good run with the Rockets in their small-ball lineups after he signed with them, first on 10-day contracts and then a rest-of-the-season deal.

Green averaged 11.6 PPG and 5.0 RPG in 28.4 MPG during 12 postseason appearances with the Rockets while knocking down 42.6% of his long-range attempts.

Green, 34, met with Houston on Friday, Kelly Iko of The Athletic tweets, but he opted to join another prime playoff contender next season in Brooklyn.

Hornets To Waive-And-Stretch Nicolas Batum

November 21st, 2020 at 1:25pm CST by Luke Adams

The Hornets will waive and stretch the final year of Nicolas Batum‘s contract in order to create the cap room necessary to sign Gordon Hayward, reports Rick Bonnell of The Charlotte Observer.

Batum, who will turn 32 next month, is entering the final season of the five-year, $120MM contract he signed back in 2016. His cap hit for 2020/21 is approximately $27.13MM, but the Hornets can stretch that amount across three seasons at $9.04MM annually, opening up more than $18MM in cap room for 2020/21.

That newly-opened amount will be more than enough to complete the Hayward signing, as Charlotte entered the day with about $19MM in space. The team should have some room left over for an additional move or two, though it will now have to deal with $9MM+ in dead money on the cap for 2021/22 and ’22/23 as well.

Batum was excised from the Hornets’ rotation this past season, appearing in just 22 games (23.0 MPG) and playing poorly in his limited time, with 3.6 PPG, 4.5 RPG, and 3.0 APG on .346/.286/.900 shooting.

Although he’s coming off a down year and has long been viewed as an unfavorable asset as a result of his oversized contract, Batum might be an interesting minimum-salary target in free agency once he clears waivers.

Heat Sign Avery Bradley To Two-Year Deal

November 21st, 2020 at 12:44pm CST by Luke Adams

NOVEMBER 23: The Heat have officially announced their deal with Bradley, issuing a press release to confirming the signing.

“This is a great signing that can help us right away,” team president Pat Riley said in a statement. “Being able to add a two-time All-NBA Defensive Team selection who is also a great shooter and fits perfectly with our current philosophy as a multi-positional player. Avery will be a great addition to fortifying our backcourt.”

As we relayed in a separate story, Boston and Charlotte were among the other teams that expressed interest in Bradley before he agreed to sign with Miami.

NOVEMBER 21: The Heat and free agent guard Avery Bradley have agreed to a two-year, $11.6MM deal, agent Charles Briscoe tells Shams Charania of The Athletic (Twitter link).

The contract will include a team option for the second year, sources tell ESPN’s Bobby Marks (Twitter link). The Heat took a similar route with their new deals for Goran Dragic and Meyers Leonard as they prioritize preserving cap room for 2021.

The Heat will use a portion of their mid-level exception to sign Bradley. The Heat have also agreed to a one-year, $3.6MM contract with Maurice Harkless and Miami could preserve its bi-annual exception by splitting up the MLE between Bradley and Harkless, as John Hollinger of The Athletic tweets.

Bradley was considered a fallback option for the team in case it couldn’t re-sign Jae Crowder, Ira Winderman of the South Florida Sun Sentinel tweets. While Crowder was a priority for the Heat, he wasn’t comfortable with only a one-year guarantee, says Barry Jackson of The Miami Herald (Twitter link). As a result, he’ll head to Phoenix on a three-year deal while the Heat replace him with Bradley.

As Charania explains (via Twitter), Bradley – who was recruited by Heat president Pat Riley and star swingman Jimmy Butler – was sold on the Heat’s culture and made the decision to leave Los Angeles after spending the 2019/20 season with the Lakers.

Bradley, who will turn 30 next Thursday, appeared in 49 games for the Lakers in 2019/20, starting 44 of them. He averaged 8.6 PPG and 2.3 RPG with a solid 3PT% (.364) and strong perimeter defense, but opted out of the restart and wasn’t part of the club’s championship run.

The Warriors were among the other teams that had interest in signing Bradley, tweets Monte Poole of NBC Sports Bay Area.

Dana Gauruder contributed to this story. Photo courtesy of USA Today Sports Images.

Hornets, Gordon Hayward Agree To Four-Year Deal

November 21st, 2020 at 12:31pm CST by Luke Adams

The Hornets are signing Gordon Hayward, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that the forward’s new deal will be worth $120MM over four years. It’s fully guaranteed, tweets David Aldridge of The Athletic.

Hayward turned down a $34.2MM player option with the Celtics earlier in the week, which was a signal that he and agent Mark Bartelstein were confident that one or more lucrative multiyear offers would be waiting for him on the open market.

The Hawks and Knicks were said to have interest in Hayward, but Atlanta quickly moved onto other targets – including Danilo Gallinari – and New York wasn’t comfortable with either the years or the money that Hayward ultimately received from Charlotte, per Steve Popper of Newsday (Twitter link).

Hayward was said to prefer joining his hometown Pacers, and Boston and Indiana attempted to work out a sign-and-trade deal within the last couple days. However, the Pacers’ cap situation complicated matters, as Bobby Marks of ESPN notes (via Twitter), and it was always going to be a challenge for the C’s and Pacers to agree on fair compensation.

Just a half-hour before word of Hayward’s agreement with the Hornets broke, Scott Agness of Fieldhouse Files said (via Twitter) that there had been no progress in those sign-and-trade talks.

So Hayward will be headed to the Hornets, who will have to either open up some extra cap room in order to clear the space necessary to complete the signing. They’ll reportedly do so by using the stretch provision on Nicolas Batum.

Although the Hornets were cited on Friday as a potential suitor for Hayward, the deal still comes as a major surprise, especially since president of basketball operations Mitch Kupchak had talked for the better part of the year about Charlotte not planning to make a splash in free agency. Apparently, the team decided to change course on that plan when Hayward became available.

Hayward, 30, still didn’t quite look like his old All-Star self in 2019/20. However, he was a lot closer to that level last season than he was during his first two years in Boston. In 52 games, he averaged 17.5 PPG, 6.7 RPG, and 4.1 APG on .500/.383/.855 shooting.

Hayward’s deal with the Hornets represents a full-circle moment, as the first free agent contract he signed in the NBA, back in 2014, was an offer sheet with Charlotte. The Jazz, of course, matched that offer and the former Butler standout spent the next six years in Utah and Boston, but now he’s finally joining the Hornets.

Photo courtesy of USA Today Sports Images.

Raptors Re-Sign Fred VanVleet To Four-Year Deal

November 21st, 2020 at 11:34am CST by Luke Adams

NOVEMBER 24: The Raptors have formally announced their new deal with VanVleet.

“In the last four years, we’ve seen Fred move from leader of Raptors 905, to leader of the Bench Mob to a leader of a championship team. The constant has been his leadership, no matter his role,” team president Masai Ujiri said in a statement. “We look forward to the coming years with Fred as one of the voices and hearts of our team. We bet on Fred.”

NOVEMBER 21: The Raptors have agreed to re-sign Fred VanVleet, according to Shams Charania of The Athletic, who reports (via Twitter) that VanVleet’s new deal will be for four years and will be worth $85MM. It’ll feature a player option in the final season, Charania adds (via Twitter).

The agreement represents a major payday for VanVleet, who went undrafted out of Wichita State in 2016 and spent part of his rookie season playing in the G League. The Raptors point guard emerged in 2017/18 as a part of the team’s regular rotation, earning a two-year, $18MM deal in the summer of 2018.

On that contract, VanVleet continued to take significant strides, playing a key role in the Raptors’ championship run in 2019 and then entering the starting lineup on a full-time basis last season. He established new career highs in PPG (17.6), APG (6.6), RPG (3.8), and several other categories in 54 games for Toronto in 2019/20.

While the Raptors were always viewed as the frontrunners to re-sign VanVleet, he was expected to receive interest from other teams, especially those with the cap room necessary to give him a deal in the range of $20MM annually. The Knicks were said to have some interest and – according to Vincent Goodwill of Yahoo Sports (Twitter link) – Detroit was also in the mix. The Pistons bowed out when the bidding got too rich for their liking, per Goodwill.

The Raptors now have Pascal Siakam and VanVleet locked up for the next four seasons. The team has reportedly been making an effort to keep its 2021 cap sheet relatively clean in the hopes of making a run at a star free agent such as Giannis Antetokounmpo. VanVleet’s new deal will cut into Toronto’s space, but a max slot remains a possibility, depending on what subsequent moves the Raptors make.

VanVleet’s contract will start at $21.25MM in 2020/21 before declining by 8% in year two, according to Michael Grange of Sportsnet.ca, who notes (via Twitter) that the structure will help the Raps preserve as much cap space as possible for next summer.

Interestingly, the terms of VanVleet’s deal reported by Charania match up exactly with the four-year, $85MM contract Malcolm Brogdon received from Indiana a year ago. We’ve been hearing for months that Brogdon’s deal would likely set the market and be a point of comparison for VanVleet. It appears the Raptors and VanVleet’s camp agreed.

Photo courtesy of USA Today Sports Images.