Transactions Rumors | Hoops Rumors

Andre Iguodala Headed To Miami, Will Receive Contract Extension

February 5th, 2020 at 7:37pm CST by Arthur Hill

The Grizzlies have reached an agreement to send Andre Iguodala to the Heat, who will give him a two-year, $30MM contract extension, tweets ESPN’s Adrian Wojnarowski. Justise Winslow will be part of the package headed to Memphis in return, Woj adds (Twitter link).

The second season of Iguodala’s extension will be a team option, according to Shams Charania of The Athletic (Twitter link). That will allow the Heat to retain their financial flexibility to participate in a loaded free agent class in 2021. Sources tell Wojnarowski that Miami will guarantee the second season of Iguodala’s deal for $15MM if the team misses out on its top free agent targets (Twitter link).

The trade takes a player off the board who was coveted by contenders around the league for his defensive toughness and playoff experience. Iguodala was widely expected to return to Golden State next season as a free agent, but the extension removes any chance of that.

Bobby Marks of ESPN notes that Miami is limited to two years on the extension along with 5% raises on top of his current salary because of extend-and-trade restrictions. (Twitter link). Normally teams can offer extensions up to four years with 8% raises.

Heat president Pat Riley is making an effort to acquire Oklahoma City’s Danilo Gallinari as well as Iguodala, according to Wojnarowski (Twitter link).

Gallinari was expected to have a short stay with the Thunder after he was acquired in July as part of the trade that sent Paul George to the Clippers. However, OKC has emerged as a strong playoff contender with Gallinari contributing 19.2 points and 5.7 rebounds per night. The 31-year-old has a $22.6MM expiring contract.

Hawks To Waive Chandler Parsons

February 5th, 2020 at 9:05am CST by Luke Adams

The Hawks are waiving Chandler Parsons and his expiring contract, reports ESPN’s Adrian Wojnarowski (via Twitter).

The move will allow Atlanta to complete its part of a four-team trade with the Wolves, Rockets, and Nuggets. The Hawks, who had a full 15-man roster, are sending out Evan Turner in the deal and taking back Clint Capela and Nene, so a corresponding move was necessary. The club could subsequently open up its 15th roster spot if it decides to release Nene after acquiring him.

Parsons, 31, signed a four-year, maximum-salary contract with the Grizzlies back in 2016, but dealt with injury issues throughout the deal and was never able to deliver on the promise he showed earlier in his career. He was sent from Memphis to Atlanta during the 2019 offseason in exchange for Solomon Hill and Miles Plumlee, but appeared in just five games for the Hawks this season and was moved to the inactive list along with Evan Turner last month as the organization focused on developing its young players

Parsons was involved in a car accident in January when his vehicle was struck by a drunk driver. Although the Hawks initially announced he had been diagnosed with a concussion and whiplash, Parsons’ lawyers issued a statement indicating that the veteran forward had suffered more serious injuries in that accident, including a traumatic brain injury, disc herniation, and a torn labrum. The injuries may jeopardize Parsons’ career, according to his attorneys.

While Parsons likely wouldn’t have been a candidate for more than a minimum-salary contract next season anyway, it would be a shame to see that car accident prematurely end his playing career. Hopefully he’s able to get healthy and return to the court before eventually retiring on his own terms.

Parsons’ cap hit for this season is $25.1MM. That figure will remain on Atlanta’s books, but since it was an expiring contract, the team won’t be on the hook for any money beyond this season.

Photo courtesy of USA Today Sports Images.

Kings Sign Big Man Eric Mika To 10-Day Contract

February 1st, 2020 at 3:40pm CST by Alex Kirschenbaum

The Kings have inked power forward/center Eric Mika to a 10-day contract, according to a team press release.

The 6’10” Mika has averaged 19.8 PPG, 14.5 RPG, 2.4 APG and 0.8 BPG across 13 games (in which he notched 11 double-doubles) for Sacramento’s G League affiliate, the Stockton Kings. He is shooting 56.7% from the field and 67.4% from the charity stripe.

The big man logged a career-best 24 rebounds against the Santa Cruz Warriors on November 9, 2019.

The 25-year-old out of BYU, who also played on Sacramento’s summer league squad, should help shore up the Kings’ depth at the power forward and center positions. Kings big men Marvin Bagley and Richaun Holmes remain out for at least several weeks with injuries.

Cavaliers Sign Marques Bolden To 10-Day Contract

January 30th, 2020 at 9:49am CST by Luke Adams

The Cavaliers have signed rookie big man Marques Bolden to a 10-day contract, the team announced today in a press release. Cleveland opened up a roster spot overnight when Tyler Cook‘s second 10-day deal expired.

Bolden, who went undrafted out of Duke in 2019, joined the Cavaliers for training camp and was a candidate to be converted to a two-way contract at the end of the preseason. Ironically, it was Cook – having just been claimed off waivers – who beat out Bolden for the team’s second two-way slot in October. Now, Bolden is replacing Cook on the 15-man roster.

After being cut in the fall, Bolden joined the Cavs’ G League affiliate, the Canton Charge. In 28 games at the NBAGL level this season, he has averaged 9.0 PPG, 6.3 RPG, and 1.4 BPG in 18.4 minutes per contest.

Cleveland’s 15-man roster currently consists of 13 players on fully guaranteed contracts, along with two – Bolden and Alfonzo McKinnie – on 10-day pacts. McKinnie’s second 10-day deal with the club will expire this weekend, at which point the Cavs could open up the 15th spot on their roster if they don’t re-sign the swingman to a rest-of-season contract.

Bolden will earn $50,752 on his 10-day contract, which will run through February 8.

Magic Sign Gary Clark To Second 10-Day Contract

January 29th, 2020 at 11:17am CST by Luke Adams

11:17am: The Magic have officially signed Clark to a second 10-day contract, the team announced today in a press release. The timing is a little surprising, since Orlando doesn’t play again until Saturday and the new deal will only cover four games instead of five or six. It’ll run through February 7.

10:51am: The Magic have reached a new deal with forward Gary Clark and will sign him to a second 10-day contract, reports Shams Charania of The Athletic (Twitter link). No corresponding move will be required, since Orlando has an open spot on its 15-man roster.

Clark, 25, signed his first 10-day deal with Orlando earlier this month after being waived by Houston. He appeared in five games for the Magic during those 10 days, averaging 4.0 PPG and 3.6 RPG in 13.8 minutes per contest before the contract expired last Thursday night.

Previously, Clark had appeared in 69 games for the Rockets since the start of the 2018/19 season, averaging 3.2 PPG and 2.3 RPG with a .348/.312/.929 shooting line in 12.4 minutes per contest. He was released by Houston before his 2019/20 salary became fully guaranteed.

Clark’s new 10-day contract would run through February 7 if it’s officially signed today, but Orlando may wait at least one more day to ensure that it will cover five games instead of four. Once Clark’s deal expires, the Magic will either have to sign him to a rest-of-season contract or let him return to free agency.

If the Magic make a trade on or before the February 6 deadline that requires them to open up a roster spot, Clark’s 10-day contract could be terminated before it expires. He would still earn his full 10-day salary ($81,678) in that scenario.

Mavs Acquire Willie Cauley-Stein From Warriors

January 25th, 2020 at 12:05pm CST by Dana Gauruder

JANUARY 25: The trade for Cauley-Stein is official, according to the Mavericks’ PR account (Twitter link). As expected, the team has waived Patton to open up the roster spot necessary to complete the deal.

JANUARY 24: The Mavericks are finalizing a deal to acquire center Willie Cauley-Stein from the Warriors, Adrian Wojnarowski of ESPN tweets.

Golden State will receive a 2020 second-rounder from the Jazz, which Utah owed to Dallas, in return for the big man, according to The Athletic’s Shams Charania. The Warriors don’t own their own second-rounders from 2020-26 except for the 2022 draft, so this gives them another asset, Anthony Slater of The Athletic tweets.

The Mavericks will open up a roster spot once they complete a trade agreed upon with the Thunder in which they’ll receive center Justin Patton for forward Isaiah Roby and then waive Patton.

Dallas is using its $11.7MM trade exception to acquire Cauley-Stein acquired in the Harrison Barnes deal with the Kings last season. It’s needed since Cauley-Stein was signed with part of the non-tax mid-level exception, according to Marks (Twitter link). Golden State will get a $2.17MM trade exception out of the deal.

Dallas was seeking a rotation player to replace Dwight Powell, who suffered a season-ending Achilles injury. Cauley-Stein, who is making $2.18MM this season and holds a $2.29MM option on his contract for next season, fits that role at a modest cost. He’s averaging 7.9 PPG, 6.2 RPG and 1.2 BPG in 23.0 MPG for the Warriors.

The Warriors have plenty of monetary reasons to make this deal. The deal will save them $5.66MM on their luxury-tax bill, dropping it to $9.3MM, according to Bobby Marks of ESPN (Twitter link). Golden State, which will have two roster openings once the deal is completed, will also drop $2.57MM below the hard cap. The team will have two weeks to get back up to the league-mandated minimum of 14 players.

Nets Sign Timothe Luwawu-Cabarrot To Second 10-Day Deal

January 25th, 2020 at 9:00am CST by marksuleymanov

9:00am: The Nets officially signed Luwawu-Cabarrot to his second 10-day contract, the team announced in a press release. The deal will run through February 3, at which time Brooklyn will either have to re-sign TLC to a standard deal or let him return to the free agent market.

8:37am: The Nets will sign forward Timothe Luwawu-Cabarrot to a second 10-day contract, tweets Bleacher Report’s Michael Scotto. Brooklyn inked the swingman to a 10-day deal on Jan. 15 as his 45-day window as a two-way player was set to expire. That first 10-day deal expired on Friday night.

Since signing the first 10-day pact, Luwawu-Cabarrot appeared in four games with Brooklyn, averaging 6.0 PPG. In 21 total games this season, the France native is averaging 5.0 PPG and 2.3 RPG.

“He’s still a very young player, and I think that was the thought process when we brought him in,” Nets head coach Kenny Atkinson recently said of Luwawu-Cabarrot (via NetsDaily). “He’s a guy that has played minutes in the NBA, played a decent sample size of minutes, but he’s still young, hasn’t found his mark yet in the league. But he’s still young. Let’s take a shot at him.”

The 2016 first-round pick (24th overall) has played for the Sixers, Thunder, Bulls and Nets.

Thunder Trade Patton, Cash To Mavs For Roby

January 24th, 2020 at 7:08pm CST by Dana Gauruder

7:08pm: The trade is official, according to a Thunder press release. The Mavericks have also issued a press release confirmed the trade.

4:03pm: The Thunder and Mavericks have agreed to a trade that will send rookie forward Isaiah Roby to Oklahoma City in exchange for center Justin Patton and cash considerations, reports Shams Charania of The Athletic (Twitter link).

Though the Mavericks could use some depth in the middle in the wake of Dwight Powell‘s season-ending Achilles injury, Patton will not stick around. The Mavs made the move to clear a roster spot and intend to waive him, The Athletic’s Tim Cato tweets.

It also creates some cap flexibility going forward, Brad Townsend of the Dallas Morning News notes (Twitter link). Patton has a $1.62MM contract this season but the remaining two years on his deal are not guaranteed.

Roby, a second-round pick out of Nebraska, is making $1.5MM this season as well as next season and all that money is guaranteed. The last two seasons of his four-year contract — at $1.8MM and $1.9MM — are not guaranteed, Bobby Marks of ESPN tweets.

With the deal, Oklahoma City’s projected tax bill drops from $2.3MM to $2MM and the Thunder are now just $801K over the threshold, according to Marks. The team is in position to potentially sneak under the tax line at the trade deadline by moving a minimum-salary player.

Patton has appeared in nine NBA games since being drafted in the first round in 2017, including five with OKC. He has spent most of his time this season in the G League. Roby, who was acquired in a draft-night trade, has yet to make his NBA debut.

Cavs Sign Alfonzo McKinnie To Second 10-Day Deal

January 23rd, 2020 at 9:58am CST by Luke Adams

JANUARY 23: The Cavaliers have officially re-signed McKinnie to another 10-day contract, the team confirmed today in a press release.

JANUARY 22: The Cavaliers are bringing back Alfonzo McKinnie on a second 10-day contract, according to Chris Fedor of Cleveland.com, who reports that the swingman will sign his new deal on Thursday.

McKinnie has appeared in 29 games for the Cavaliers this season, averaging 3.7 PPG and 2.7 RPG in 13.1 minutes per contest.

Having been claimed off waivers by the Cavs at the start of the regular season, McKinnie spent the first two-and-a-half months of the season on a non-guaranteed contract before being released earlier this month. Cleveland quickly brought him back on a 10-day deal and now will sign him to a second one. Once this contract expires, the team will have to either let McKinnie go or sign him to a standard deal.

By starting his 10-day clock tomorrow, Cleveland will maximize McKinnie’s new contract, since the club plays six games during that stretch. As Fedor notes, the ex-Warrior will also get a chance to face Golden State on the final day of the deal next Saturday.

The Cavs will have a full 15-man roster once McKinnie officially signs, though two of those 15 players – McKinnie and Tyler Cook – are on 10-day contracts which will expire before the trade deadline, giving the franchise some added flexibility.

Kings, Trail Blazers Complete Five-Player Trade

January 21st, 2020 at 10:01am CST by Luke Adams

JANUARY 21: The trade between the Kings and Trail Blazers is now official, according to press releases issued by both teams.

JANUARY 18: The Kings and Trail Blazers have agreed to a trade that will send Kent Bazemore and Anthony Tolliver to Sacramento in exchange for Trevor Ariza, Wenyen Gabriel, and Caleb Swanigan, reports ESPN’s Adrian Wojnarowski (via Twitter). Shams Charania of The Athletic first reported (via Twitter) that the Blazers are trading Bazemore to Sacramento.

The Kings will also receive Portland’s second-round picks in 2024 and 2025 as part of the deal, a source tells Sam Amick of The Athletic (Twitter link). ESPN’s Bobby Marks notes (via Twitter) that the swap can’t be officially completed until Tuesday, when Gabriel’s trade restriction lifts.

For Portland, the deal represents a cost-cutting move that shouldn’t impact the team’s on-court performance too drastically, if at all. Both Ariza and Bazemore have had down years so far, but Bazemore’s drop-off has been more precipitous — he has posted a career-worst .347 FG% to go along with a .327 3PT%. Ariza is at least still knocking down his threes (.352 3PT%) at his usual career rate, even as his role was reduced in Sacramento.

Tolliver had been a rotation player for the Blazers, with 16.8 minutes per game in 33 contests, but hasn’t been at his best either — his .368 FG% is his worst mark since he was a rookie in 2008/09.

Bazemore and Tolliver are earning a combined $20.89MM, compared to a total of $15.68MM for Ariza, Swanigan, and Gabriel. Besides trimming more than $5MM off the Blazers’ team salary, the deal will also reduce the organization’s projected tax bill by $12.6MM, according to Marks (via Twitter).

Additionally, the Blazers will create a pair of traded player exceptions, including one worth just over $7MM, since they have a disabled player exception available to acquire Swanigan. The team will have the opportunity to keep Ariza for the 2020/21 season if he finishes the year strong. His $12.8MM salary for ’20/21 is partially guaranteed for $1.8MM, per Basketball Insiders.

It’s not clear if Swanigan and Gabriel fit into Portland’s plans, though it’s worth noting Swanigan was originally drafted by the Blazers before being traded to the Kings a year ago. Both players are on expiring contracts. Portland won’t need to cut anyone to make room to accommodate the three incoming players, since the club already had an open roster spot.

As for the Kings’ side of the deal, Amick observes (via Twitter) that it opens up a roster spot immediately and also creates slightly more flexibility moving forward, since Bazemore and Tolliver are on expiring contracts. The Ariza signing hadn’t worked out like the franchise had hoped, so Sacramento will hope that Bazemore can bounce back and that Tolliver looks more he did when he was a member of the Kings in 2016/17 and shot .442/.391/.744.

There are no plans to buy out Bazemore, according to Chris Haynes of Yahoo Sports, who tweets that the veteran swingman has a “great relationship” with head coach Luke Walton and the Kings’ front office.

Even if the Kings’ new additions keep slumping, the team will come away with a pair of future assets in the trade by picking up the Blazers’ 2024 and 2025 second-round picks. Sacramento had already acquired multiple extra second-rounders for 2020 and 2021, so the team is building up quite a stash of draft picks, which could be useful in future deals.

Photo courtesy of USA Today Sports Images.