Transactions Rumors | Hoops Rumors

Cavaliers Waive Levi Randolph

January 12th, 2020 at 5:27pm CST by JD Shaw

The Cavaliers have waived swingman Levi Randolph, according to Kelsey Russo of The Athletic (Twitter link). Randolph was on a two-way contract with the organization.

Cleveland originally signed Randolph, a veteran of the team’s G League affiliate in Canton, earlier in the month. He didn’t appear in any games with the franchise and could head back to Canton in the coming days.

Randolph, an intriguing 6-foot-6 guard, has averaged 15.6 points, 5.8 rebounds and three assists per game in 22 G League contests this season.

The Cavaliers now have an open two-way contract to use, with guard Dean Wade currently occupying the other two-way slot. Cleveland also waived Tyler Cook and Alfonzo McKinnie last week before re-signing both players to 10-day deals.

Wizards Waive C.J. Miles, Promote Anzejs Pasecniks

January 12th, 2020 at 11:55am CST by Arthur Hill

11:54am: The move is official, the Wizards announced in a press release.

“We appreciate CJ’s contributions to our team this season and wish him and his family the best as he continues his career,” general manager Tommy Sheppard said. “He is a consummate professional who provided a great example for our younger players despite having his season cut short by an unfortunate injury.”

The team also confirmed that Pasecniks has been signed to a multi-year contract and Williams received a two-way deal.

8:12am: The Wizards will waive injured swingman C.J. Miles, tweets Candace Buckner of The Washington Post. His roster spot will be used to convert Anzejs Pasecniks‘ two-way contract to a standard deal, and Johnathan Williams will be re-signed to fill the two-way slot.

Miles, who is making $8.73MM in the final year of his contract, was acquired from the Grizzlies in a trade last summer. He played just 10 games for Washington before suffering a wrist injury in November that will sideline him for the rest of the season.

The 32-year-old has been a positive presence in the locker room, Buckner adds, but the Wizards have been dealing with a string of injuries and need more healthy players (Twitter link).

The team will keep the $4.4MM Disabled Player Exception it received in the wake of Miles’ injury, tweets Bobby Marks of ESPN. The DPE is not affected by the decision to part with Miles.

Pasecniks, a rookie center, has played 13 games for the Wizards, averaging 8.2 points and 6.2 rebounds in about 22 minutes per night. Washington waived him before training camp, then signed him to the two-way deal in December. Buckner reported last week that the team hoped to promote him to the 15-man roster.

Williams recently had a brief stint with the Wizards as a hardship player, and impressed team officials enough that they wanted to give him another chance. He averaged 5.5 PPG and 6.3 RPG in six games, starting five of them, but was waived last week when the hardship exception expired. He’ll rejoin the roster in advance of the January 15 deadline for two-way signings.

Photo courtesy of USA Today Sports Images.

Josh Magette Signs 10-Day Contract With Magic; Vic Law Inks Two-Way Deal

January 11th, 2020 at 5:32pm CST by Arthur Hill

The Magic have signed Josh Magette to a 10-day contract and Vic Law to a two-way deal, the team announced on Twitter.

Magette had been playing on a two-way contract that he signed with Orlando in July. He has appeared in eight NBA games this season and is averaging 1.5 PPG in 4.8 minutes per night. The 30-year-old point guard posted a 19.0/4.7/9.3 line in 14 games with the Magic’s G League affiliate in Lakeland. He got into 18 games with the Hawks as a two-way player during the 2017/18 season.

With Magette’s two-way spot freed up, the Magic added Law, a 24-year-old forward out of Northwestern. Law, who was in training camp with Orlando and was waived prior to the start of the season, has impressed team officials with a strong season in Lakeland, where he’s averaging 18.0 points and 8.7 rebounds per night.

Cavs Sign Tyler Cook To 10-Day Contract

January 9th, 2020 at 3:43pm CST by Luke Adams

After releasing Alfonzo McKinnie and Tyler Cook earlier this week, the Cavaliers have now brought back both players on 10-day contracts. Cleveland announced its new 10-day deal with Cook this afternoon in a press release after re-signing McKinnie earlier in the day.

Cook, 22, has spent most of his rookie season playing for the Cavs’ G League affiliate, the Canton Charge, as part of a two-way contract. He averaged 12.6 PPG and 6.1 RPG in 15 NBAGL games (20.7 MPG) before being briefly promoted to the 15-man roster. Cleveland converted his two-way pact to a standard deal on January 3 before waiving him on January 6. While he was only on his standard contract for a few days, he received a $50K partial guarantee.

Cook and McKinnie had non-guaranteed contracts that would have become fully guaranteed if they had remained on the roster through Tuesday. By waiving them and bringing them back on 10-day deals, the Cavaliers will retain some financial flexibility. McKinnie’s 10-day pact will count against the cap for approximately $92K, while Cook’s will be worth just $51K.

[RELATED: 10-Day Contract Tracker]

Cleveland will also have some roster flexibility as a result of the new deals. The 15-man roster is full for now, but if the team wants to open up a spot or two to accommodate a trade before the deadline, it can simply opt not to re-sign McKinnie and/or Cook when their 10-day contracts expire. Both deals will run through January 18.

Cavaliers Sign Alfonzo McKinnie To 10-Day Deal

January 9th, 2020 at 10:33am CST by ChrisCrouse

The Cavaliers have signed Alfonzo McKinnie to a 10-day contract, the team announces on its website.

Cleveland released the wing earlier this week, as his salary for 2019/20 was set to become guaranteed, but there were rumblings that he could be back on a 10-day deal. The team also released Tyler Cook before the salary guarantee deadline.

In 23 games for the Cavs, McKinnie has averaged just 2.7 points in 11.0 minutes per game. He’s shooting 35.3% from the field, including 28.6% from deep.

Cleveland now has 14 players on the roster.

Heat Waive Daryl Macon, Sign Gabe Vincent

January 8th, 2020 at 3:11pm CST by Luke Adams

3:11pm: The Heat have officially signed Vincent and waived Macon, the club confirmed in a press release.

2:29pm: The Heat are signing G League guard Gabe Vincent to a two-way contract, according to Barry Jackson of The Miami Herald (Twitter link). To open up a spot for Vincent, the club will waive current two-way player Daryl Macon, Jackson adds.

Vincent, 23, went undrafted out of UC Santa Barbara in 2018 and joined Sacramento’s G League affiliate, the Stockton Kings. After an unspectacular NBAGL rookie season in 2018/19, the 6’3″ guard has enjoyed a breakout year for Stockton, with 23.7 PPG, 3.9 RPG, and 2.2 APG to go along with a .474/.423/.900 shooting line in 20 games (31.8 MPG). He leads the G League with 88 made three-pointers.

That performance caught the attention of the Heat, who will make a change to one of their two-way slots a week in advance of the January 15 deadline for signing two-way players. Miami will aim to make Vincent the club’s next two-way success story after Duncan Robinson developed into an NBA starter and Chris Silva became a regular contributor. If he signs today, Miami’s newest two-way player will be eligible to spend up to 26 days in the NBA before the G League season ends in March.

Macon, meanwhile, will become an unrestricted free agent if he goes unclaimed on waivers. He has appeared in 12 total NBA games over the past two seasons for Dallas and Miami, while averaging 19.1 PPG in 58 total G League contests for the Texas Legends and Sioux Falls Skyforce.

Rockets Waive Gary Clark

January 7th, 2020 at 4:20pm CST by Luke Adams

4:20pm: The Rockets have officially waived Clark, the team announced today in a press release.

3:21pm: The Rockets are releasing swingman Gary Clark in advance of today’s salary guarantee deadline, reports Shams Charania of The Athletic (Twitter link).

After emerging as a rotation player during his rookie year with the Rockets in 2018/19, Clark saw his minutes reduced down the stretch last season and hasn’t been a major part of Houston’s game plan in 2019/20. In total, he appeared in 69 games for the Rockets over two seasons, averaging 3.2 PPG and 2.3 RPG with a .348/.312/.929 shooting line in 12.4 minutes per contest.

Clark is one of three players on Houston’s roster without a fully guaranteed salary. The team also had to make decisions today on Ben McLemore and Isaiah Hartenstein — it looks for now as if both of those players will hang onto their roster spots.

According to Jonathan Feigen of The Houston Chronicle (Twitter link), the Rockets wanted to open up a spot on their 15-man roster to maintain flexibility and consider a handful of options. Bringing back Clark would be one possibility.

As a result of Clark’s release, the Rockets will reduce his cap hit from $1,416,852 to $708,246, the amount of his partial guarantee. The club is right around the tax line and should have an opportunity to sneak below that threshold with a trade, notes Jeff Siegel of Early Bird Rights (via Twitter).

Warriors Waive Marquese Chriss, Will Promote Damion Lee

January 7th, 2020 at 1:58pm CST by Luke Adams

1:58pm: The Warriors and Lee are working to finalize a multiyear deal that will includes partial guarantees in future seasons, sources tell Wojnarowski (Twitter link). The team could offer Lee up to a four-year deal using its mid-level exception.

7:35am: The Warriors completed a somewhat surprising roster move late on Monday night, waiving big man Marquese Chriss, according to Anthony Slater of The Athletic (Twitter link). Using the newly-available roster spot, Golden State will promote two-way player Damion Lee, giving him a standard contract, per ESPN’s Adrian Wojnarowski (Twitter link).

With only 14 players on their 15-man roster before cutting Chriss, the Warriors technically already had a roster spot available to promote Lee. However, the club’s flexibility was limited by its hard cap — with only about $375K in breathing room, there wasn’t enough space to give Lee a prorated minimum salary contract without waiving Chriss, whose salary wasn’t fully guaranteed.

By releasing Chriss in advance of today’s guarantee deadline, Golden State will reduce his cap hit from $1,620,564 to $758,804, tweets ESPN’s Bobby Marks. Lee’s cap hit for the remainder of the season, if he signs on Tuesday, will be $915,573, moving the Warriors slightly closer to their hard cap.

The team will retain its open 15th roster spot, which could still be used later in the season – perhaps on two-way player Ky Bowman – once the prorated minimum salary declines to the point where it would fit beneath the hard cap.

As Slater explains in a full story at The Athletic, parting ways with Chriss wasn’t an easy decision for the Warriors, or a popular one within “some pockets of the organization.” A former lottery pick, Chriss is just 22 years old, was well-liked in the locker room, and had played well in a part-time role this season, with 7.4 PPG, 5.4 RPG, and 1.9 APG in 37 games (17.7 MPG).

However, according to Slater, when Lee agreed to return to the Warriors during the 2019 offseason, he did so with an understanding that he wouldn’t be spending any real time in the G League, and would get a standard roster spot once he exhausted his 45-day NBA limit. Lee has just two of those 45 days remaining, necessitating a move.

In an ideal world, the Warriors would’ve kept both Lee and Chriss, Slater notes. Golden State may have preferred to create space for both players by trading a minimum-salary veteran like Alec Burks or Glenn Robinson III, but with no deal in place, today’s salary guarantee deadline forced the club’s hand on Chriss.

There’s still a chance Chriss could be back at some point — Monte Poole of NBC Sports Bay Area tweets that Golden State definitely hasn’t lost interest in him. But there’s no guarantee that another team won’t scoop him up as a free agent, or even via a waiver claim.

“They said it’s been a tough decision,” Chriss told Slater, after learning of his release. “It is what it is. I’ve accomplished a lot. I’ve shown what I’m capable of. I’ve shown I belong. People make business decisions.”

Photo courtesy of USA Today Sports Images.

Cavaliers Waive Alfonzo McKinnie, Tyler Cook

January 6th, 2020 at 3:55pm CST by Luke Adams

3:55pm: The Cavaliers have officially released McKinnie and Cook, the team confirmed in a press release. The club also announced the signing of Levi Randolph to a two-way contract.

2:30pm: The Cavaliers intend to waive third-year forward Alfonzo McKinnie, reports Shams Charania of The Athletic (Twitter link). According to ESPN’s Adrian Wojnarowski (via Twitter), Cleveland will also release rookie forward Tyler Cook, who was recently promoted to the 15-man roster.

McKinnie, 27, spent last season with the Warriors but was a cap casualty in October and was claimed off waivers by the Cavaliers. He struggled in Cleveland though, averaging 2.7 PPG with a .353/.286/.636 shooting line in 23 games (11.0 MPG).

As for Cook, he spent most of the season on a two-way contract with the Cavs before being promoted to the 15-man roster on Friday. It appears as if that move was designed to get him a little extra money before he was waived. ESPN’s Bobby Marks reports (via Twitter) that Cook got a $50K partial guarantee on his new contract.

In addition to eating Cook’s $50K guarantee, the Cavaliers will also be on the hook for a prorated portion of McKinnie’s non-guaranteed minimum salary, which works out to about $709K. Both players would have had their full 2019/20 salaries guaranteed if they had been retained through Tuesday.

The moves will leave the Cavs with just 13 players on standard contracts and one on a two-way deal, giving them a total of three open roster spots. Cleveland will have to add at least one player in the near future, since NBA teams can only dip below 14 players on standard contracts for up to two weeks at a time. The Cavs will also likely fill their two-way opening by next Wednesday, since January 15 is the deadline to sign players to two-way contracts.

Now that teams can sign players to 10-day contracts, the Cavs may look to bring in multiple players for 10-day auditions in the coming weeks and months. According to Charania, the club will explore the possibility of re-signing McKinnie, assuming he clears waivers on Wednesday.

Cavaliers Sign Levi Randolph To Two-Way Contract

January 6th, 2020 at 3:54pm CST by Luke Adams

The Cavaliers are filling their open two-way contract slot by signing G League guard Levi Randolph to a two-way deal, league sources tell Chris Fedor of Cleveland.com (Twitter link). The team has issued a press release confirming the move is official.

Randolph, who went undrafted out of Alabama in 2015, has yet to appear in a regular-season NBA game, but has played professionally in the G League and in multiple international leagues over the last few years.

The 6’5″ guard spent last season with the Canton Charge, then returned to the Cavs’ G League affiliate this fall. In 20 NBAGL games (36.0 MPG) in 2019/20, he has averaged 15.3 PPG, 5.4 RPG, 2.8 APG, and 1.4 SPG with a .457/.373/.800 shooting line.

Randolph will join power forward Dean Wade as Cleveland’s second two-way player. He fills the opening created last week when the Cavs promoted Tyler Cook to the 15-man roster. Cook and Alfonzo McKinnie were waived today.