Transactions Rumors | Hoops Rumors

Rockets Sign Josh Okogie

July 22nd, 2025 at 5:37pm CST by Luke Adams

5:37pm: The signing is official, according to a team press release.

12:37pm: The Rockets and free agent wing Josh Okogie have reached an agreement on a one-year contract, according to Shams Charania of ESPN (Twitter link).

Charania reports that it’s a $3.1MM deal for Okogie, which suggests it’ll be worth his minimum ($3,080,921). It will be fully guaranteed, per Danielle Lerner of The Houston Chronicle (Twitter link).

Okogie, who will turn 27 in September, opened the 2024/25 season with Phoenix before being traded to Charlotte in January’s Nick Richards deal. He appeared in a total of 40 games for the Suns and Hornets, making seven starts and registering averages of 7.1 points, 2.8 rebounds, and 1.2 steals in 15.6 minutes per contest, along with a .443/.348/.741 shooting line.

Considered a talented, versatile perimeter defender, Okogie had excellent on/off-court splits during his stint with the Hornets, albeit in a small sample. The team had a +2.6 net rating in his 274 minutes of action and a -13.7 mark when he wasn’t on the court.

Okogie’s contract with the Hornets called for his $7.75MM salary for 2025/26 to become guaranteed if he remained under contract through June 30. The two sides agreed to push back that deadline to July 15 as the front office explored the trade market for the 6’4″ swingman, but Charlotte had no luck finding a deal and ultimately waived Okogie last week.

The Rockets recently released Jeenathan Williams, who had a non-guaranteed contract of his own, in order to move team salary approximately $3.6MM below the first tax apron, giving the club the ability to bring in one more veteran-minimum player to fill its 14th roster spot. It looks like Okogie, whose deal will count for about $2.3MM against the cap, will be that player, giving Houston another defensive-minded option on the wing.

Barring cost-cutting moves, the Rockets won’t have the ability to add a 15th man while remaining below their first-apron hard cap until later in the regular season.

Marcus Smart Officially Signs With Lakers

July 22nd, 2025 at 5:35pm CST by Dana Gauruder

Marcus Smart has officially joined the Lakers. The team announced the signing of the veteran guard in a press release.

“Adding a player like Marcus Smart to our roster allows us to compete at the highest level,” Lakers president of basketball operations Rob Pelinka said in the statement. “Marcus epitomizes what it means to prioritize winning above all else – whether that’s making huge plays on the defensive end or hitting critical shots in key moments of the most intense games. He knows and understands playoff winning and will be a key leadership voice in our group.

“Surrounding our stars with two-way players like Marcus is critical to our overall vision of how we want to play and win next season. This is an exciting player acquisition, for sure.”

Smart reached a buyout agreement with the Wizards over the weekend and was placed on waivers. At that time, it was reported that the combo guard had decided to join the Lakers. Smart’s new contract is worth roughly $10.5MM over two years and includes a player option for the second season.

Smart, who gave up $6.8MM of his $21.59MM salary as part of his buyout with Washington, could back up both Luka Doncic and Austin Reaves and will boost his new team with his leadership, ball-handling and defensive prowess.

Smart, 31, has battled health problems over the past two seasons. He was named Defensive Player of the Year with Boston in 2022, but his career took a downturn after a trade to Memphis in the summer of 2023. A wide swath of injuries limited him to 39 total games in a year and a half with the Grizzlies before he was sent to Washington in a three-team deal at this year’s trade deadline.

He appeared in 19 games with Memphis and 15 games with the Wizards last season, averaging 9.0 points, 2.1 rebounds and 3.2 assists in 20 minutes per night with .393/.348/.761 shooting numbers.

Trail Blazers Sign Blake Wesley To One-Year Contract

July 22nd, 2025 at 11:15am CST by Luke Adams

11:15 am: Wesley has officially signed with the Blazers, the team confirmed today in a press release.

10:11 am: Shortly after being bought out by the Wizards, shooting guard Blake Wesley has agreed to a one-year deal with the Trail Blazers, reports Michael Scotto of HoopsHype (Twitter link). It’ll be a fully guaranteed contract, per Sean Highkin of Rose Garden Report (Twitter link).

The 25th overall pick in the 2022 draft out of Notre Dame, Wesley spent his first three professional seasons in San Antonio, where he appeared in 156 total regular season games. He played a limited role for the Spurs, averaging just 4.3 points and 2.4 assists in 14.3 minutes per night, with a .409/.297/.634 shooting line.

While Wesley’s contributions at the NBA level have been modest, he’s still just 22 years old and is considered a strong on-ball defender. He has also shot the ball better in the G League than he has in the NBA, making 45.6% of his field goal tries and 35.9% of his three-point attempts for the Austin Spurs.

Wesley was traded to Washington earlier this month as part of a deal that sent Kelly Olynyk to San Antonio. However, he was only a Wizard for about a week-and-a-half before agreeing to give up roughly $1.38MM of his $4.73MM salary for 2025/26 in order to secure his release.

The exact financial terms of Wesley’s deal with Portland haven’t been reported, but it figures to be a minimum-salary contract, which would pay him roughly $2.38MM. In other words, he’ll more than make up the money he forfeited in his buyout with Washington.

Adding Wesley will give the Blazers 15 players on standard contracts, including 14 with guaranteed salaries. Duop Reath‘s salary guarantee date is coming up on August 1.

Hayden Gray Signs Exhibit 10 Contract With Celtics

July 21st, 2025 at 7:29pm CST by Dana Gauruder

Rookie Hayden Gray has signed an Exhibit 10 contract with the Celtics, Spotrac contributor Keith Smith tweets.

Gray led Division I in steals last season, averaging 11.2 points, 3.3 assists, 3.1 rebounds and 3.1 steals per game in 35 starts for UC San Diego. Gray, a 6’4” guard, shot 47.9 percent overall and 41.8 percent on 3-point attempts. He was a two-year starter for the Tritons.

Gray was a member of the Celtics’ Summer League team and appeared in one game, posting seven points, two assists and two steals in 20 minutes.

“I’ve got pretty good anticipation, reading the ball-handler’s eyes, knowing where they want to go with it,” Gray told Noa Dalzell of CelticsBlog. “I take pride in defense. A lot of teams are really focusing on creating more possessions, and I think I can do that by causing turnovers and also just being a floor general, handling the ball, and setting the table for everyone.”

If Gray is waived, he would be in line for a bonus worth up to $85,300 if he joins the G League’s Maine Celtics and spends at least 60 days with Boston’s affiliate.

Clippers Sign Chris Paul To One-Year Deal

July 21st, 2025 at 5:49pm CST by Luke Adams

5:49pm: The signing is official, according to a Clippers press release relayed by Mark Medina of Sportskeeda (Twitter link).

“He is joining us as a reserve point guard and is excited to fill whatever role (coach Tyronn Lue) asks him to play,” president of basketball operations Lawrence Frank said in the statement.

10:13am: Chris Paul is returning to Los Angeles, according to ESPN’s Shams Charania (Twitter link), who hears from the point guard’s representatives at CAA that Paul has agreed to sign with the Clippers for what will likely be his last season.

It will be a one-year, minimum-salary deal for Paul, per NBA insider Chris Haynes (Twitter link).

Paul received interest from a number of teams during free agency, but was known to be prioritizing an opportunity to play close to his family in Los Angeles. He reportedly rebuffed interest from Eastern Conference suitors like the Bucks and Hornets, as well as non-West Coast clubs like the Mavericks. The Clippers and Suns were long viewed as the most likely landing spots for the future Hall of Famer.

Paul, who turned 40 in May, spent six seasons with the Clippers from 2011-17 during what was arguably the most successful stretch of his NBA career. He received MVP and Defensive Player of the Year votes in each of his first five seasons in Los Angeles and was an All-Defensive first-teamer in all six years. He also made five consecutive All-Star teams and earned five All-NBA nods (three first-team and two second-team) in his first go-round as a Clipper.

While Paul is no longer in his prime, he started every game for San Antonio last season, marking just the second time in his 20 NBA seasons that he has made 82 regular season appearances. The former Wake Forest standout averaged a career-low 8.8 points per game for the Spurs, but contributed 7.4 assists, 3.6 rebounds, and 1.3 steals per night while making 37.7% of his three-point attempts and 92.4% of his free throws.

Paul has started 1,314 of his 1,354 career NBA games, with all 40 of those appearances off the bench coming in Golden State in 2023/24. It’s unclear if he’ll get a chance to be part of the starting five in L.A. next season, with James Harden, Bradley Beal, Bogdan Bogdanovic, and defensive ace Kris Dunn all in the backcourt mix as well.

Still, having Paul on the roster further solidifies the depth chart for a Clippers team that has made several notable veteran additions with limited resources this offseason. The club split its mid-level exception on Beal and Brook Lopez, traded Norman Powell for John Collins, and will now bring Paul aboard on a minimum-salary contract.

Once their signing of Paul is complete, the Clippers will have 14 players on guaranteed standard contracts. They won’t have enough breathing room below their first tax apron hard cap to add another veteran-minimum player before the season begins.

Lakers Waive Two-Way Player Trey Jemison

July 21st, 2025 at 4:21pm CST by Dana Gauruder

The Lakers have waived two-way player Trey Jemison III, the team announced in a press release (hat tip to Khobi Price of the Orange County Register).

The Lakers have completely revamped their two-way roster. They reportedly are signing Christian Koloko and Chris Manon to fill two of those spots. Jemison held the third and final slot, so the Lakers are now free to sign another player to take his place.

That may have already been determined. The Lakers reportedly agreed to a two-way deal with former Villanova forward Eric Dixon shortly after he went undrafted in June, though the signing isn’t yet official.

Jemison signed a two-year, two-way contract in January. The 25-year-old center had some productive moments in his 22 games with the Lakers, averaging 2.6 points and 2.8 rebounds in 10.3 minutes per night while shooting 61.9% from the field. He also spent time with New Orleans during the 2024/25 season and had brief stints with Washington and Memphis in ’23/24.

Overall, Jemison has 63 games of NBA experience (14 starts), averaging 4.2 points and 3.8 rebounds in 15.3 minutes per game.

Nuggets Sign Curtis Jones To Two-Way Deal

July 21st, 2025 at 3:12pm CST by Alex Kirschenbaum

July 21: The Nuggets have officially signed Jones to a two-way contract, per NBA.com’s transaction log.

July 20: Undrafted free agent former Iowa State guard Curtis Jones has agreed to a two-way deal with the Nuggets, his NEXT Sports agent Austin Walton tells Shams Charania of ESPN (Twitter link).

As Charania notes, Jones’ Summer League performance for Denver’s Summer League squad clearly inspired the signing. The 6’4″ swingman notched averages of 14.6 points, 4.4 rebounds, 3.8 assists, 0.8 steals and 0.6 blocks in just 20.2 minutes per game, with shooting averages of 54.9% from the floor and 46.7% on three-pointers.

Jones spent his first two NCAA seasons with Buffalo, which included a 2023 All-MAC honor, before transferring to Iowa State. Last year, he was named the Big 12 Sixth Man of the Year and to the All-Big 12 first team for his play. In 34 bouts, he averaged 17.4 PPG, 4.2 RPG, and 2.3 APG, with shooting splits of .430/.374/.845.

Reporting after last month’s draft indicated that Jones had agreed to sign with Denver, but no further details were provided at that time, so it was presumed to be a training camp agreement. His strong Summer League showing lined him up to join Tamar Bates and Spencer Jones as the Nuggets’ two-way players.

Magic Sign Orlando Robinson To Two-Way Contract

July 21st, 2025 at 2:50pm CST by Rory Maher

The Magic have signed free agent center Orlando Robinson to a two-way contract, the team announced in a press release (Twitter link).

Jason Beede of The Orlando Sentinel was the first to report Robinson’s new deal.

The 25-year-old big man spent his first two NBA seasons with Miami after going undrafted out of Fresno State in 2022. He started 2024/25 — his third campaign — with Sacramento, was released in January, then spent the final three months of the season on various contracts with Toronto. The Raptors released Robinson on April 10, making him an unrestricted free agent.

In 44 combined games with the Kings and Raptors last season, Robinson averaged 6.9 points, 5.0 rebounds and 1.8 assists in 17.5 minutes per contest, with all of those figures representing career highs. He posted a shooting line of .444/.327/.771.

As our tracker shows, Robinson will join Ethan Thompson as players on two-way contracts with the Magic. They still have a two-way opening even after adding Robinson.

Robinson will earn $636,435 in 2025/26, half of the rookie minimum, and can be active for up 50 games if the Magic carry a full standard roster.

Lakers Waive Jordan Goodwin

July 20th, 2025 at 8:57pm CST by Eli Cohen

The Lakers have waived Jordan Goodwin, reports ESPN’s Shams Charania (via Twitter). The move was necessary to create room below the first tax apron to sign Marcus Smart following his buyout from the Wizards.

The Lakers had recently picked up the $2.3MM team option on Goodwin’s contract, but only $25K of the deal was guaranteed.

As the only remaining Laker with a non-guaranteed contract following the team’s decision to waive Shake Milton earlier today, Goodwin’s place on the roster became tenuous once it was clear the Lakers were bringing in Smart on a two-year, $11MM deal that necessitated multiple cost-cutting moves. Smart’s salary for next season is expected to be worth the full bi-annual exception of $5.1MM.

As Bobby Marks of ESPN tweets, once Smart signs, the Lakers will be operating about $1MM below the first apron, so they won’t have enough breathing room to sign a 15th man before the season begins without further cost-cutting moves.

Marks adds (via Twitter) that because Goodwin has played in the league for four seasons, he’s ineligible for a two-way deal. The 26-year-old defensive-minded guard played 29 games for the Lakers this season, averaging 5.6 points, 3.9 rebounds, and 1.4 assists in 18.7 minutes per night. He shot 38.2% from three and appeared in four of the five Lakers’ playoff games against the Timberwolves, averaging 7.8 minutes per game in the postseason.

Goodwin will now hit waivers and then become an unrestricted free agent if no one claims him (the priority order is determined by the reverse order of last season’s standings). The Athletic’s Tony Jones speculates (via Twitter) that Goodwin is likely to have a number of suitors on the open market.

Marcus Smart To Join Lakers After Buyout With Wizards

July 20th, 2025 at 5:13pm CST by Arthur Hill

July 20: Smart has officially reached a buyout agreement with the Wizards and been placed on waivers, the team announced (via Twitter).

July 19: Marcus Smart has reached an agreement on a buyout with the Wizards and plans to join the Lakers once he clears waivers, according to Shams Charania of ESPN. Smart’s new contract will be worth $11MM over two years and will contain a player option for the second season.

Sources tell Charania that Luka Doncic played a large role in recruiting Smart to L.A. He adds that the Lakers, Suns and Bucks all received permission from Washington to contact Smart, and he had “positive conversations” with all three teams.

The Lakers can use their full bi-annual exception to add Smart, according to cap expert Yossi Gozlan (Twitter link). They’ll have to clear about $4.2MM in salary to have access to the full amount, which may mean parting with Shake Milton, who has a $3MM non-guaranteed salary, and Jordan Goodwin, who only has a $25K guarantee on his $2.35MM salary.

If that happens, L.A. wouldn’t have enough available apron space to sign a 15th man before the start of the season, as Gozlan notes (Twitter link).

Milton’s salary for 2025/26 will become fully guaranteed after Sunday, so the Lakers will have to act fast if they plan to waive him.

If Smart gives back the equivalent of the bi-annual exception in his buyout, the Wizards will be more than $30MM below the luxury tax, Gozlan adds. Washington has its full $14.1MM non-taxpayer mid-level exception remaining, along with $13.4MM and $9.9MM trade exceptions.

Smart, 31, was named Defensive Player of the Year with Boston in 2022, but his career took a downturn after a trade to Memphis in the summer of 2023. Injuries limited him to 39 total games in a year and a half with the Grizzlies before he was sent to Washington in a three-team deal at this year’s trade deadline.

If Smart can stay healthy, he’ll bring much-needed defensive help to the Lakers’ backcourt. He appeared in 19 games with Memphis and 15 games with the Wizards last season, averaging 9.0 points, 2.1 rebounds and 3.2 assists in 20 minutes per night with .393/.348/.761 shooting numbers.

The Wizards have added numerous young players to their roster this summer, so there likely wouldn’t have been regular playing time for Smart, who had a $21.6MM expiring contract. There were rumors last month that Smart was on the trade market, but the Wizards evidently couldn’t find a team willing to take on his salary.