Transactions Rumors | Hoops Rumors

Nets Signing Jordan Bowden To Exhibit 10 Deal

November 21st, 2020 at 3:19pm CST by JD Shaw

The Nets have agreed to an Exhibit-10 deal with undrafted guard Jordan Bowden, according to Jeff Garcia of News 4 San Antonio.

Bowden will attend training camp with the team after spending four seasons at Tennessee, averaging 13.7 points, four rebounds and one steal per game last year.

An Exhibit-10 contract, as Garcia explains, is considered a one-year deal worth the league minimum salary. However, the deal comes with a $50K bonus if the player doesn’t make the roster and plays for the team’s G League affiliate instead, which is the traditional route players take with this deal.

Bowden, 23, is a 6-foot-5 guard with impressive range and a physical style of play. He’ll attend a Nets camp that consists of Kevin Durant, Kyrie Irving, Caris LeVert, Spencer Dinwiddie and others, with Brooklyn possessing one of the most talented teams in the league.

Kahlil Whitney Receives Camp Deal With Hornets

November 21st, 2020 at 3:18pm CST by Dana Gauruder

The Hornets have agreed to an Exhibit 10 contract with swingman Kahlil Whitney, according to Adam Zagoria of NJ Advance Media.

He joins three other former Kentucky players on Charlotte’s roster — Malik Monk, P.J. Washington and second-round pick Nick Richards — Zagoria notes. Whitney had a disappointing one-and-done season with the Wildcats, averaging just 3.3 PPG and 1.7 RPG in 12.8 MPG during an 18-game stint. He withdrew from the school due to his lack of playing time.

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.

Bucks Sign Jaylen Adams To Two-Way Contract

November 21st, 2020 at 3:04pm CST by Dana Gauruder

NOVEMBER 24, 9:00pm: The signing is official, per team press release.

NOVEMBER 21, 3:04pm: Free agent guard Jaylen Adams has agreed to a two-way contract with the Bucks, ESPN’s Adrian Wojnarowski tweets.

Adams signed with the Trail Blazers prior to the restart as a substitute player when Trevor Ariza opted not to participate in Orlando. He made three brief appearances during Portland’s postseason run.

The 6’2” Adams also appeared in 34 games last season with the Hawks, averaging 3.2 PPG and 1.9 APG in 12.6 MPG. Additionally, he spent a chunk of last season in the G League with the Wisconsin Herd. Adams, 24, went undrafted in 2018 after a stellar college career with St. Bonaventure.

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.