Transactions Rumors | Hoops Rumors

Wizards Waive Jared Butler

October 19th, 2024 at 4:39pm CST by Luke Adams

The Wizards have waived guard Jared Butler, according to a press release from the club. Michael Scotto of HoopsHype first reported (via Twitter) that Butler was being cut by Washington.

The 40th overall pick in the 2021 draft, Butler spent time with Utah and Oklahoma City before playing for the Wizards in 2023/24. He was on a two-way contract for most of the season before being converted to a multiyear standard contract in April.

Butler appeared in a total of 40 NBA games last season, averaging 6.3 points, 3.2 assists, and 1.5 rebounds in 14.2 minutes per night, with a .488 FG%. He also had a strong preseason this month, with averages of 6.8 PPG and 4.2 APG on .536/.400/.667 shooting in five games (14.3 MPG).

Reporting leading up to the roster cut-down deadline indicated that the Wizards wanted to find a way to keep Butler, but he was on a non-guaranteed contract and the team is carrying 15 players on fully guaranteed deals. Hanging onto Butler would’ve meant trading or waiving a player with a guaranteed salary.

The front office explored the market to try to find a trade involving a player like Johnny Davis or Patrick Baldwin Jr., tweets Keith Smith of Spotrac, but wasn’t willing to give up a draft pick to move off either player or to eat money this early in the season by cutting one of them. That made Butler the victim of the roster crunch in D.C.

Butler is a candidate to be claimed on waivers, but if he becomes a free agent, he could return to the Wizards on a two-way contract. He’ll likely draw interest from other teams as a two-way target too.

Spurs Waive Malachi Flynn, Brandon Boston

October 19th, 2024 at 4:23pm CST by Arthur Hill

The Spurs have set their opening-night roster, waiving Malachi Flynn and Brandon Boston to reach the limit, the team announced in a press release. Also let go was Jamaree Bouyea, who signed with the team on Friday.

Flynn, a 26-year-old point guard, was traded twice last season, spending time with Toronto, New York and Detroit. He posted a 50-point game in April, but otherwise had an unremarkable season, averaging 5.5 PPG in 69 combined games with the three teams.

Boston, a 22-year-old swingman, played the past three seasons with the Clippers. He only appeared in 32 games last season, averaging 5.2 PPG in 10.8 minutes per night.

All three players were in camp on non-guaranteed Exhibit 10 contracts, so the Spurs won’t have any future financial obligations to them. They will be eligible to earn bonuses worth $77.5K apiece if they spend at least 60 days with the team’s G League affiliate in Austin.

There are 18 players on San Antonio’s roster, with 15 holding standard contracts plus three two-way deals.

Suns Cut Frank Kaminsky

October 19th, 2024 at 4:11pm CST by Luke Adams

The Suns have placed veteran big man Frank Kaminsky on waivers, league sources tell Michael Scotto of HoopsHype (Twitter link). Duane Rankin of The Arizona Republic first reported (via Twitter) that Kaminsky wouldn’t make Phoenix’s opening night roster.

An eight-year veteran who has appeared in 413 regular season games, Kaminsky has a solid career résumé that includes averages of 8.8 points and 3.8 rebounds in 19.8 minutes per game, along with a three-point rate of 34.9% on 3.0 attempts per contest.

However, he was out of the NBA last season, which he spent in Serbia with Partizan Belgrade. On top of that, hanging onto him would cost the Suns exponentially more in projected tax penalties beyond his minimum-salary contract, so he was considered more of a luxury than a necessity.

It’s worth noting that Kaminsky’s training camp contract included Exhibit 10 language, which suggests he may be open to the idea of reporting to the Valley Suns and trying to earn another shot in the NBA by impressing at the G League level.

Having already waived their other non-guaranteed players, the Suns are now carrying 14 players on standard contracts and three on two-way deals, so their roster looks ready for the regular season.

Cavaliers Waive Pete Nance, Jules Bernard

October 19th, 2024 at 3:53pm CST by Tristan Tucker

The Cavaliers waived forward Pete Nance and guard Jules Bernard, according to a team press release. Cleveland also formally announced the previously reported Zhaire Smith and Jacob Gilyard cuts.

Nance spent most of last season in the G League with the Cleveland Charge before signing a two-way contract with the team in February. He only played in eight NBA games with limited minutes, but he averaged 13.3 points, 8.1 rebounds, 2.9 assists and 1.4 blocks while making 35.8% of his three-point attempts.

The five-year college player spent time at Northwestern before transferring to UNC for his final season. He then went undrafted in 2023. Nance, the younger brother of Pelicans forward Larry Nance Jr., wasn’t kept on a two-way deal this season but is expected to once again suit up for Cleveland’s G League affiliate.

Like Nance, Bernard began his career in the G League. The UCLA product played four years collegiately before going undrafted in 2022. He suited up for Washington’s G League affiliate the past two seasons before agreeing to a two-way deal with the Wizards in December of last year.

Bernard played a bit at the NBA level, getting into 19 games and averaging 3.9 PPG. He played more in the G League, averaging 20.0 points, 6.1 rebounds and 3.8 assists while shooting 35.9% from three. The Wizards opted not to bring him back, leading to him catching on with the Cavs for training camp.

Both players are eligible for a bonus worth $77.5K if they spend at least 60 days with Cleveland’s G League team, the Charge.

The Cavaliers’ roster now stands at 17 players, with 14 on standard deals and three on two-way contracts.

Knicks Waive Landry Shamet, Chuma Okeke, T.J. Warren

October 19th, 2024 at 3:53pm CST by Luke Adams

3:53pm: The Knicks announced that they’ve officially waived Shamet, Okeke, and Warren (Twitter link).

Okeke and Warren were always considered long shots to make the team once Shamet emerged as the frontrunner, but if Shamet requires a lengthy recovery process, it’s possible one of them could return to the Knicks 14 days into the season when they need to add a 13th man (Ariel Hukporti is expected to be promoted from his two-way deal to become the 14th man).

Warren plans to join the Westchester Knicks and will be a candidate for a promotion at some point this season, Ian Begley of SNY.tv confirms (via Twitter).

3:44pm: The Knicks are waiving injured guard Landry Shamet, sources tell Shams Charania and Bobby Marks of ESPN (Twitter link).

As we covered in detail this week, Shamet left Tuesday’s preseason game against Charlotte with an injury and was subsequently diagnosed with a dislocated right shoulder. Prior to going down in that game, he appeared on track to make the Knicks’ roster on his non-guaranteed minimum-salary contract, having enjoyed a solid preseason in which he averaged 10.8 points per game in four appearances.

However, the Knicks have very little roster and financial flexibility — after accounting for their 12 players on guaranteed contracts, they’re only about $3.58MM away from their hard cap, which they can’t surpass at any point during the 2024/25 season. As such, hanging onto Shamet and continuing to pay him while he recovers from his shoulder injury isn’t the best use of the team’s limited resources.

According to Charania, the Knicks will likely open the season with just their 12 players on standard guaranteed contracts. They’re allowed to carry fewer than 14 players for up to two weeks at a time and for up to 28 total days during the 2024/25 season, so they’ll have to add 13th and 14th men during the first week of November. They’d like to eventually bring back Shamet when he recovers from his shoulder injury, Charania adds.

Because Shamet had Exhibit 9 language in his training camp contract, the Knicks were protected in the event of a preseason injury and will only owe the 27-year-old just $15K rather than having to continue to pay his minimum salary until he’s healthy.

While Charania and Marks didn’t explicitly report it, Charania’s claim that New York will likely open the season with just 12 players on standard deals suggests that the team will also waive Chuma Okeke and T.J. Warren, the other veterans on non-guaranteed contracts.

Thunder Sign Alex Reese To Standard Contract

October 19th, 2024 at 3:42pm CST by Tristan Tucker

3:42pm: The signing is official, the Thunder confirmed in a press release.

10:18am: The Thunder are signing forward Alex Reese to a standard, non-guaranteed contract, according to ESPN’s Shams Charania (Twitter link). This move comes in the wake of Isaiah Hartenstein suffering a hand fracture.

Reese was previously on an Exhibit 10 deal with the Thunder, logging limited minutes in three preseason games. He was waived by Oklahoma City on Wednesday, but he impressed enough in training camp to earn consideration as a backup while Hartenstein recovers from his injury across what will likely be a multi-week absence.

The 6’9″ Reese played his college ball at Alabama from 2017-21, averaging 5.4 points per game in his final season. He spent a year away from basketball, primarily working as a bartender, then signed in Luxembourg in 2022/23 before playing with the Trail Blazers’ G League affiliate last season. He averaged 11.5 PPG in ’23/24 behind decent shooting and impressed enough to earn a spot on the Thunder’s training camp roster.

When the Thunder signed and waived Reese, the plan was likely that he would join OKC’s G League affiliate. However, with Hartenstein out and an open spot on the 15-man roster, that opened up an opportunity for Reese to provide depth. Outside of Hartenstein and starting center Chet Holmgren, the only players 6’9″ or taller on the Thunder’s roster are Jaylin Williams, Ousmane Dieng and Exhibit 10 signing Malevy Leons.

By signing Reese, the Thunder’s roster will stand at 19 players. They’ll have 15 players on standard deals and three players on two-way contracts. Leons is also occupying an Exhibit 10 slot and the Thunder will have to decide by Monday if they’d like to convert him to a two-way contract or cut him.

Reese signing a non-guaranteed deal indicates the Thunder may cycle through players on the back half of their roster or open up that slot later in the season for flexibility. If he impresses, the Thunder can keep him through the year. It’s also possible that Oklahoma City plans to develop him on a multi-year non-guaranteed contract. As The Athletic’s John Hollinger notes (Twitter link), if Reese is in Oklahoma City’s long-term plans, they could sign him to a two-year deal with a team option on the second year, then decline that in favor of signing him to an affordable multi-year deal next offseason.

Rockets Waive Jermaine Samuels Jr., Nate Hinton, Matt Bradley

October 19th, 2024 at 2:57pm CST by Tristan Tucker

The Rockets finalized their regular season roster by waiving Jermaine Samuels Jr., Nate Hinton and Matt Bradley, Jonathan Feigen of Houston Chronicle reports (Twitter link). According to Feigen, the team will keep its 15th roster spot open for flexibility to start the season.

Samuels went undrafted in 2022, playing his rookie season for the Pacers’ G League affiliate. The five-year Villanova standout impressed in the G League, shooting 46.4% from three in his first professional season. That led to a two-way contract from Houston, which he played on for all of last season.

Samuels only got into 14 games with the Rockets last year, but again played well in the G League, averaging 19.6 points, 7.8 rebounds and 3.7 assists. However, he wasn’t kept on his two-way deal and instead re-signed to a camp deal this offseason as Houston filled its two-way slots with other players.

Like Samuels, Hinton spent all of last season on a two-way deal with the Rockets. A three-year veteran, Hinton has made stops with Dallas and Indiana after going undrafted in 2020. He played two college seasons at Houston. A skilled rebounder, Hinton got into 37 games with the Rio Grande Valley Vipers in the G League where he averaged 13.7 points, 7.2 rebounds, 5.1 assists and 2.3 steals per contest as a 6’5″ guard.

He too was signed to an Exhibit 10 deal after not being retained on a two-way with the Rockets.

The Rockets signed Bradley to an Exhibit 10 deal on Friday. This was the expected move for him, with the signing designed to have him play for Rio Grande Valley this season. He averaged 14.9 points in five collegiate seasons with Cal and San Diego State.

All three players are expected to play for the Vipers this season, with all being eligible for bonuses worth up to $77.5K apiece if they spend at least 60 days with the G League team.

Magic Cut Jarrett Culver, Three Others

October 19th, 2024 at 2:36pm CST by Luke Adams

The Magic have waived four players ahead of the regular season, announcing in a press release that they’ve cut swingman Jarrett Culver, forward Jalen Slawson, and guards Alex Morales and Ethan Thompson (Twitter link).

Culver is the most notable name in the group, given that he’s a former No. 6 overall pick. However, he was out of the league last season, instead spending the year with the Rio Grande Valley Vipers in the G League. The former Texas Tech standout averaged 20.7 points, 6.7 rebounds, 3.6 assists, and 1.7 steals in 31.1 minutes per game across 45 outings for the Rockets’ G League team, posting a shooting line of .472/.362/.693.

Of the other three players, only Slawson has any NBA experience. Last year’s No. 54 pick spent his rookie season on a two-way contract with Sacramento, appearing in 12 games for the Kings.

A 6’6″ shooting guard, Morales has played for the Magic’s G League team in each of the past two years while also suiting up for Osos de Manati in Puerto Rico during the NBA offseason.

Thompson, a 6’5″ shooting guard who went undrafted out of Oregon State in 2021, has primarily played in the G League since going pro, spending time with the Windy City Bulls and Mexico City Capitanes. He also played in Puerto Rico for Osos de Manati earlier this year.

While Culver wasn’t eligible for a two-way contract due to his four years of NBA service, the other three were, so it’s notable that all three were waived instead — even after converting Mac McClung to a two-way contract, Orlando still has one two-way spot open. The team may look outside the organization to fill that opening.

Culver, Slawson, Morales, and Thompson will all be eligible for Exhibit 10 bonuses if they report to the Osceola Magic and spend at least 60 days with Orlando’s G League team.

Lakers Sign Quincy Olivari To Two-Way Deal, Waive Colin Castleton

October 19th, 2024 at 2:32pm CST by Tristan Tucker

The Lakers have signed training camp standout Quincy Olivari to a two-way contract, according to HoopsHype’s Michael Scotto (Twitter link). Los Angeles is waiving Colin Castleton to make room, according to ESPN’s Shams Charania (Twitter link).

Olivari drew rave reviews from Lakers staffers during the offseason, and he backed it up with impressive play during the preseason. He averaged 8.8 points and 3.5 rebounds per game while shooting a blistering 57.1% from beyond the arc across four preseason appearances (including one start). He closed out the preseason on Friday with a 22-point performance.

Olivari played four collegiate seasons at Rice before transferring to Xavier for his final season. He averaged 19.2 PPG and shot 40.9% on 7.6 three-point attempts per game last season. He went undrafted in the 2024 class but is now set to make the Lakers’ opening-day roster.

Castleton appeared in 16 games with the Lakers last season on a two-way deal after going undrafted out of Florida. He didn’t play much at the NBA level, but impressed in the G League with averages of 16.4 points, 10.5 rebounds, 3.1 assists, 1.0 steals and 1.5 blocks per game.

The Lakers made him a restricted free agent this offseason before re-signing him to a two-way deal amid a summer league performance that saw him average a near-double-double. L.A.’s frontcourt depth is down right now with Christian Wood and Jarred Vanderbilt injured and Christian Koloko still needing medical clearance (though the team is optimistic he’ll receive it sooner than later).

That seemed like a recipe for Castleton to perhaps receive some early season minutes, but he only averaged 2.4 points in 13.7 minutes during the preseason. The Lakers are reportedly looking for at options for center depth.

The Lakers are still one spot over the regular season limit from setting their opening night roster. They have Grayson Murphy occupying an Exhibit 10 slot, but he’ll almost certainly be waived in the coming hours. The Lakers have a full 18-man roster beyond that, with Olivari, Armel Traore and Koloko occupying their two-way slots.

Wizards Waive Butler, Funk, Gueye

October 19th, 2024 at 2:17pm CST by Luke Adams

The Wizards have requested waivers on center John Butler Jr., forward Taylor Funk, and forward Mouhamadou Gueye, according to RealGM’s transaction log.

Butler, Funk, and Gueye were on non-guaranteed Exhibit 10 contracts and are now candidates to report to the Capital City Go-Go. Washington’s G League affiliate controls the returning rights for all three players, who would earn bonuses worth $77.5K apiece if they spend at least 60 days with the Go-Go.

Butler, 21, started last season on a two-way contract with the Wizards, but was waived in early December. He joined Capital City, where he averaged 6.7 points and 3.2 rebounds in 33 regular season games. Butler has previous NBA experience with Portland, appearing in 19 games during the 2022/23 season, and he was a member of the USA’s 3×3 U23 Men’s National Team that competed in Mongolia this summer.

Funk, 26, also played for the Go-Go last season after being acquired in a December trade with the Maine Celtics. He signed an Exhibit 10 deal with Boston last September, but was waived before the start of training camp. Funk averaged 9.4 points and 3.1 rebounds in 34 regular season games with Capital City.

Gueye, who went undrafted out of Pitt in 2022, saw his first NBA action last season after joining the Raptors on a 10-day deal in February and a two-way contract in March. The 26-year-old appeared in 11 games down the stretch for Toronto, averaging 2.4 points, 2.1 rebounds, and 1.6 blocks in 10.9 minutes per contest. In 39 Showcase Cup and regular season outings for the Raptors 905 – Toronto’s G League affiliate – he averaged 14.2 PPG, 7.9 RPG, and 2.6 BPG in 31.0 MPG, making 56.1% of his shots from the floor but just 49.5% of his free throw tries.

Washington is now carrying 19 players, including 15 on guaranteed contracts and three on two-way deals. Jared Butler has a non-guaranteed salary, but the Wizards would reportedly like to keep him — to do so, they’ll have to either trade or waive a player from their 15-man roster or cut him and attempt to re-sign him to a two-way contract. The latter route is riskier since another team could claim him off waivers.