Transactions Rumors | Hoops Rumors

Hawks To Waive Khyri Thomas

November 19th, 2020 at 2:59pm CST by Luke Adams

After acquiring him from Detroit, the Hawks intend to waive shooting guard Khyri Thomas, according to Sarah K. Spencer of The Atlanta Journal-Constitution (Twitter link).

Atlanta will presumably finalize that move before Thomas’ $1.66MM salary for 2020/21 becomes guaranteed on Sunday. For now, the Hawks would only be on the hook for his partial guarantee of $745K.

The 38th overall pick in the 2018 draft, Thomas has only appeared in 34 games over two years for the Pistons, averaging 2.3 PPG in 7.5 minutes per contest. The 24-year-old will become an unrestricted free agent if he clears waivers.

Nets To Decline Option On Temple

November 19th, 2020 at 2:15pm CST by Dana Gauruder

The Nets will not exercise their $5MM option on Garrett Temple, Chris Haynes of Yahoo Sports tweets.

Temple will become an unrestricted free agent, while Brooklyn will see its projected luxury tax bill drop by more than half. The Nets’ payroll goes from $143.4MM to $138.4MM, ESPN’s Bobby Marks tweets, which reduces their projected tax bill from $18MM to $8.7MM.

The three-team, agreed-upon deal that will send guard Landry Shamet to Brooklyn will add another $2.1MM to the team’s payroll. The front office is also hoping to re-sign coveted free agent swingman Joe Harris. Those considerations led its decision to let Temple walk.

Temple, 34, averaged 10.3 PPG, 3.5 RPG and 2.5 APG in 62 regular-season games with the Nets and should be able to find another opportunity with a playoff contender. He started 35 games during the regular season and all four of the team’s postseason games.

JaVale McGee Picking Up 2020/21 Player Option

November 19th, 2020 at 1:59pm CST by Luke Adams

Lakers center JaVale McGee will opt into the final year of his contract, according to Shams Charania of The Athletic, who reports (via Twitter) that the big man is exercising his $4.2MM player option.

McGee, who will turn 33 in January, was the Lakers’ starting center during the 2019/20 regular season, averaging 6.6 PPG, 5.7 RPG, and 1.4 BPG in 68 contests (16.6 MPG).

One of several Lakers who had an option decision, McGee was expected to take the guaranteed money rather than test the free agent waters. Thus, it won’t significantly alter the team’s cap outlook. With Anthony Davis‘ $32.7MM cap hold and others to account for, the team would have been over the cap whether or not McGee had opted in.

McGee has found a home in L.A. over the last two seasons, establishing himself as a starter who plays limited but valuable minutes. He’s likely to fill the same role next season.

Austin Rivers Declines Player Option For 2020/21

November 19th, 2020 at 1:57pm CST by Alex Kirschenbaum

NOVEMBER 19: As expected, Rivers is opting out of his contract and will reach the free agent market on Friday, reports Marc J. Spears of The Undefeated (Twitter link).

NOVEMBER 12: Rockets guard Austin Rivers will opt out of his veteran’s minimum $2.4MM player option for the 2020/21 season and enter the 2020 free agent market, Mark Berman of Fox 26 tweets. According to Tim MacMahon of ESPN (Twitter link), Rivers fielded offers close to the $5.7MM mid-level exception last summer, but opted to re-sign with the club at a discount last summer in the hopes of competing for a title.

Rivers apparently will try not to let the fates of his All-Star teammates James Harden and Russell Westbrook, who reportedly expressed frustration with the team’s direction, impact his own decision making in free agency.

“They have their own decisions to make,” he said. “I’m a guy that wants to go places and play and help teams win. That’s all I’m about, is just competing and helping teams.”

Rivers had praise for new team head coach Stephen Silas, Berman noted in another tweet. “The most important thing, he’s a guy who knows the game of basketball and he’s been around it his whole life,” Rivers said.

Rivers, 28, averaged 8.8 PPG on .421/.356/.703 shooting in 68 games (23.4 MPG) for the Rockets in 2019/20.

In his comments today and earlier this week – when he strongly hinted he’d be opting out of the final year of his contract – Rivers stressed that he hasn’t ruled out a possible return to Houston and simply wants to consider all his options.

Photo courtesy of USA Today Sports Images.

Rockets To Sign Trevelin Queen

November 19th, 2020 at 1:55pm CST by Luke Adams

Undrafted free agent shooting guard Trevelin Queen has reached an agreement to join the Rockets, reports Chris Haynes of Yahoo Sports (via Twitter). Details on Queen’s deal haven’t been reported, but if it’s not a two-way contract, it’s safe to assume it’s a training camp invite, perhaps with an Exhibit 10 clause.

An All-WAC player for New Mexico State in 2019/20, Queen averaged 13.2 PPG, 5.2 RPG, 2.4 APG, and 1.7 SPG in 26 games (27.5 MPG). He also posted a solid shooting line of .471/.387/.814. Queen was the No. 26 player on ESPN’s list of top undrafted prospects.

The Rockets have now reached deals with a pair of undrafted free agents, having also lined up a two-way contract for Arkansas’ Mason Jones.

Raptors’ Boucher Among Players Receiving Qualifying Offers

November 19th, 2020 at 1:45pm CST by Luke Adams

Raptors big man Chris Boucher is receiving a qualifying offer from the team, reports Michael Scotto of HoopsHype (Twitter link).

The QO, which is worth just shy of $2MM, will make Boucher a restricted free agent this offseason. As long as that offer remains in place, he’ll have the option of accepting it and playing out the season in Toronto, or negotiating a new contract with the Raptors or another team. If he signs an offer sheet with a rival suitor, the Raps would have the opportunity to match it.

Unlike his teammate, Raptors wing Malcolm Miller won’t be getting a $2MM qualifying offer, tweets Blake Murphy of The Athletic. Instead of becoming a restricted free agent, Miller will be unrestricted, free to sign outright with any team.

Here are a few more updates on qualifying offers being issued across the NBA:

The Kings extended a qualifying offer to two-way player DaQuan Jeffries, according to Jason Jones of The Athletic, who tweets that Sacramento coaches like Jeffries’ defense and energy. Jeffries’ QO will be another two-way deal with a $50K guarantee.
The Wizards have made a qualifying offer to two-way shooting guard Garrison Mathews, per Fred Katz of The Athletic (Twitter link). Matthews averaged 5.4 PPG with an impressive .413 3PT% in 18 games (12.6 MPG) for Washington as a rookie. His QO is another two-way contract with a $50K guarantee.
Two-way guard Gabe Vincent received a qualifying offer from the Heat, making him a restricted free agent, tweets Tim Reynolds of The Associated Press. Vincent didn’t see much time in the NBA last season, but the Heat apparently liked what they saw enough to offer him a second two-way deal.

Lakers Waiving Quinn Cook

November 19th, 2020 at 1:30pm CST by Luke Adams

The Lakers are waiving Quinn Cook before his salary for 2020/21 becomes fully guaranteed, reports Shams Charania of The Athletic (Twitter link).

Cook currently has a $1MM partial guarantee on his $3MM cap hit for next season. If he remains on the roster, that figure becomes fully guaranteed, so the Lakers will let him go before that happens, creating at least $2MM in cap flexibility. If the club decides to stretch Cook’s $1MM guarantee over three seasons, it would open up an extra $667K.

Cook, who signed with Los Angeles as a free agent during the 2019 offseason after two years in Golden State, didn’t have a major role for the Lakers. He averaged 5.1 PPG, 1.2 RPG, and 1.1 APG in 44 regular season games (11.5 MPG) and then logged only 24 total minutes during the team’s postseason run.

Assuming Cook clears waivers this weekend, he’ll be free to sign with any team as an unrestricted free agent.

Jazz Sign Romaro Gill To Exhibit 10 Deal

November 19th, 2020 at 1:24pm CST by Arthur Hill

NOVEMBER 30, 6:18pm: The signing is official, according to a team press release.

NOVEMBER 19, 1:24pm: Seton Hall center Romaro Gill will sign an Exhibit 10 contract with the Jazz, Adam Zagoria writes for NJ.com.

The 7’2″ Gill opted for Utah after receiving several offers, according to his agent, Steve McCaskill. Gill will attend training camp with the Jazz and will receive a guarantee of up to $50K if he is waived and winds up with the team’s G League affiliate.

Gill, 26, was named Big East Defensive Player of the Year and Most Improved Player in the conference last season. He averaged 7.8 points, 5.6 rebounds and 3.2 blocks in his second year with the Pirates. Gill tells Zagoria he has been working to improve his mid-range game since the season ended.

Hawks Signing Nathan Knight To Two-Way Contract

November 19th, 2020 at 1:23pm CST by Luke Adams

The Hawks have reached an agreement on a two-way deal with undrafted free agent center Nathan Knight, a source tells Adrian Wojnarowski of ESPN (Twitter link).

Knight, who spent all four years of his college career at William & Mary, averaged a double-double in 2019/20 as a senior, recording 20.7 PPG and 10.5 RPG in 32 games (29.6 MPG).

Jonathan Givony of ESPN, who ranked Knight 11th among undrafted prospects, called him one of the most skilled big men in college basketball and suggested he would have been a lock to have been drafted in the first round a decade or two ago. However, his poor lateral quickness could create issues on defense in the modern NBA.

Knight is the third rookie the Hawks are adding to the mix, having drafted Onyeka Okongwu and Skylar Mays on Wednesday.

Myles Powell To Sign Exhibit 10 Deal With Knicks

November 19th, 2020 at 1:12pm CST by Arthur Hill

NOVEMBER 29: New York’s signing of Powell is now official, per a team tweet.

NOVEMBER 19: The Knicks will sign Seton Hall guard Myles Powell to an Exhibit 10 contract, Adam Zagoria writes for NJ.com.

Powell, an AP first-team All-American and winner of the Jerry West Award as the nation’s top shooting guard, will be with New York in training camp. He is eligible for a guarantee of up to $50K if he is waived and joins the Knicks’ G League affiliate.

Zagoria notes that the team’s shake-up may give Powell an opportunity to earn a roster spot. After today’s moves, New York has just seven players under contract for next season.

Former NBA player Rick Brunson, who has been training Powell and Knicks top pick Obi Toppin, believes the Seton Hall product has a future in the league.

“There’s NBA talent, which usually gets drafted on their talent, and there’s NBA players, and Myles is an NBA player,” said Brunson. “He may not check all the boxes with the length and the athleticism and height and all that B.S., but the guy is an NBA player. He can shoot, he’s tough, he makes threes at a high rate, he’s tough as nails, he can guard. He’s a winner and he’s a proven winner in college.”