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Cavs Sign Alfonzo McKinnie To Second 10-Day Deal

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 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.

Cavs Sign Tyler Cook To Second 10-Day Deal

2:18pm: The Cavaliers have officially signed Cook to a second 10-day contract, the team announced today in a press release. It’ll run through January 29.

11:07am: It looks like rookie power forward Tyler Cook will be the first NBA player this season to receive a second 10-day contract. A source tells Michael Scotto of Bleacher Report (Twitter link) that the Cavaliers are re-signing Cook, while Chris Fedor of Cleveland.com reports (via Twitter) that the new 10-day deal will be completed before Monday night’s game.

Cook, 22, has spent the season with the Cavaliers, first on a two-way contract, then briefly on a standard deal, then on a 10-day pact which expired on Saturday night. He has appeared in eight total NBA games, including two during his last 10-day deal, logging just 28 total minutes.

Most of Cook’s rookie season has been spent with the Canton Charge in the G League, where he has averaged 13.1 PPG and 6.2 RPG in 16 contests (21.4 MPG).

Cleveland is carrying 13 players on fully guaranteed standard contracts and had signed Cook and Alfonzo McKinnie to 10-day pacts on January 9. It’s unclear if McKinnie will also be brought back or if the Cavs will find another use for that 15th roster spot, perhaps leaving it open for the time being.

Teams can’t sign a player to three 10-day contracts in the same season, so once Cook’s second 10-day deal expires, the Cavs will either have to sign him for the rest of the season or let him return to the free agent market.

Royce O’Neale Signs Four-Year Extension With Jazz

12:32pm: The extension is official, the Jazz announced on Twitter.

11:43am: Royce O’Neale has agreed to a four-year, $36MM extension with the Jazz, according to Adrian Wojnarowski of ESPN. The news was confirmed by O’Neale’s agents, Ty Sullivan and Steven Heumann of CAA Sports, who say their client plans to sign the deal today.

The third-year forward is making $1.6MM this season and was headed for restricted free agency this summer. He became a full-time starter this season and is averaging career highs with 6.2 points, 5.0 rebounds and 2.5 assists per game while shooting 44.3% from 3-point range. He’s also a defensive specialist who often takes on the opponent’s toughest matchup.

O’Neale went undrafted out of Baylor and played two seasons in Europe before signing with the Jazz in 2017. Wojnarowski notes that he’s the latest success story for a Utah franchise that puts heavy emphasis on player development.

The extension gives the Jazz 14 players under contract for the 2020/21 season, including their first-round pick, tweets Bobby Marks of ESPN. The team is $18MM under the projected tax line and still has a $9.8MM mid-level and a $3.9MM biannual exception to work with. Upcoming free agents are Jordan Clarkson, whom the team has Bird rights on, and Emmanuel Mudiay.

Timberwolves Trade Jeff Teague To Hawks

1:32pm: The trade is official, according to press releases issued by the Hawks and Timberwolves.

11:07am: The Hawks and Timberwolves have finalized a trade agreement, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that Atlanta will receive point guard Jeff Teague and swingman Treveon Graham in exchange for wing Allen Crabbe.

Teague, who began his career in Atlanta and spent seven seasons with the Hawks, including his lone All-Star campaign in 2014/15, will help fortify the team’s backcourt and serve as a veteran mentor for rising star Trae Young. He’ll also give the club a reliable floor general when Young sits. As ESPN’s Royce Young notes (via Twitter), Atlanta’s offensive rating this season has plummeted from 108.2 to 90.7 when Young is on the bench.

In 34 games (27.8 MPG) for Minnesota, Teague has averaged 13.2 PPG and 6.1 APG with a .448/.379/.868 shooting line. While those are solid numbers, he wasn’t viewed by the Timberwolves’ new management group as a part of the team’s future plans and had lost his starting job to Shabazz Napier.

Crabbe has struggled in a modest role for the Hawks this season, but has been a reliable three-point shooter throughout his seven-year career. He had knocked down 39.3% of his career outside attempts before making just 32.3% in 2019/20. If he can bounce back in Minnesota – at least to some extent – he’ll help provide the sort of floor spacing that wings like Andrew Wiggins and Jarrett Culver haven’t.

Teague ($19MM) and Crabbe ($18.5MM) are on similar expiring contracts, so swapping the two veterans won’t impact Minnesota’s or Atlanta’s books beyond this season. Graham, who has a $1.65MM minimum-salary contract, will also be a free agent at season’s end. His inclusion helps the Timberwolves save some money while opening up a roster spot for a possible forthcoming move.

According to Kevin O’Connor of The Ringer (via Twitter), Minnesota has been talking to teams around the NBA as they search for another ball-handler, so president of basketball operations Gersson Rosas likely isn’t done dealing. O’Connor reports that the Timberwolves recently pursued Pacers point guard Aaron Holiday, but didn’t get anywhere in those discussions.

The Wolves will create a pair of modest traded player exceptions in this swap. One will be worth Graham’s salary ($1.65MM) while the second will be worth the difference in Teague’s and Crabbe’s cap hits ($500K).

The Hawks, meanwhile, had an open roster spot and are under the salary cap, so acquiring Graham in addition to Teague won’t require any additional moves or cap gymnastics for them.

Atlanta still has big expiring contracts belonging to Chandler Parsons ($25.1MM) and Evan Turner ($18.6MM) if general manager Travis Schlenk wants to make another deal. It’s also worth noting that both Teague and Graham could theoretically be aggregated in a second trade before the deadline since the Hawks are taking them on using cap room.

Photo courtesy of USA Today Sports Images.

Nets Sign Jeremiah Martin To Two-Way Contract

G League guard Jeremiah Martin has signed a two-way contract with the Nets, the team announced on Twitter, barely beating the deadline for this season.

An opening was created earlier tonight when Brooklyn gave a 10-day contract to two-way player Timothe Luwawu-Cabarrot after letting Justin Anderson‘s 10-day deal expire.

Martin, 23, signed an Exhibit 10 deal with the Heat over the summer after going undrafted out of Memphis. He was waived before the season began and joined Miami’s G League affiliate in Sioux Falls, where he averaged 18.5 PPG in 21 games.

Nets Part With Justin Anderson, Sign Luwawu-Cabarrot To 10-Day Deal

The Nets won’t re-sign Justin Anderson to a second 10-day contract, tweets Michael Scotto of Bleacher Report.

His roster spot will go to two-way player Timothe Luwawu-Cabarrot, who has been playing regular minutes lately and has about a week left on his 45-day NBA limit. Luwawu-Cabarrot will be given a 10-day contract, according to ESPN’s Adrian Wojnarowski (Twitter link).

Anderson signed with Brooklyn on January 6, so his 10 days expired tonight. The small forward appeared in three games, averaging 5.7 minutes per night and scoring three total points. The Nets were the fourth NBA stop for Anderson, who played for the Hawks last season and has spent time with the Mavericks and Sixers.

Anderson, who had been playing for Raptors 905 before signing with Brooklyn, is expected to return to Toronto’s G League team, tweets Blake Murphy of The Athletic.

Ray Spalding Joins Hornets On Two-Way Deal

8:05pm: Spalding’s two-way deal is now official, the team confirmed in a press release.

6:21pm: The Hornets will sign Ray Spalding to a two-way contract, tweets Shams Charania of The Athletic.

The 23-year-old forward was in training camp with the Rockets and joined their G League affiliate after being waived just before the start of the season. He was averaging 15.4 points and 8.4 rebounds in 20 games with Rio Grande Valley.

Spalding got 14 games of NBA experience last year as a rookie. Thirteen of those were with Mavericks and the other one came after joining the Suns on a 10-day contract last February.

By signing today, Spalding will be eligible to spend up to 24 days in the NBA between now and the end of the G League regular season in March.

The Hornets opened a two-way slot by waiving Robert Franks earlier today, which marks the deadline for issuing two-way contracts this season.

Raptors Waive Shamorie Ponds, Sign Paul Watson

5:50pm: The Raptors have officially signed Watson to a two-way deal, tweets Josh Lewenberg of TSN.

7:39am: The Raptors are making a change to one of their two-way contract slots, announcing this morning in a press release that they’ve waived guard Shamorie Ponds. According to Brad Rowland of UPROXX Sports (Twitter link), guard Paul Watson is expected to sign a two-way deal with Toronto.

Ponds, 21, joined the Rockets last summer after going undrafted out of St. John’s. He was cut at the end of the preseason and appeared to be on track to join Houston’s G League affiliate. Instead, he was scooped up a few days later by the Raptors, who signed him to a two-way contract.

While he didn’t see much NBA action, logging 11 total minutes in four games, Ponds has been a regular part of the rotation for the Raptors 905 in the G League. He has averaged 14.4 PPG, 4.0 RPG, 3.3 APG, and 2.1 APG in 18 NBAGL contests (28.1 MPG).

As for Watson, he spent most of the season with the Raptors 905 too before signing a 10-day contract with the Hawks on January 6. Atlanta released Watson on Tuesday, a day before that deal was set to expire. If he had played out his full 10-day pact, he wouldn’t have been eligible to sign a two-way contract before today’s deadline, so the Hawks did him a favor by letting him go early.

The 25-year-old Fresno State alum has averaged 18.4 PPG and 7.4 RPG with a .533 FG% and .467 3PT% in 13 games (34.4 MPG) for Toronto’s G League affiliate this season. Now that the Raptors are getting healthy, Watson will likely continue to spend most of his time at the NBAGL level, rather than with the NBA club.

Hornets Waive Robert Franks

The Hornets have opened a two-way slot by waiving Robert Franks, the team announced on Twitter.

The 23-year-old forward signed a two-way deal with Charlotte in July after going undrafted out of Washington State. He didn’t appear in any NBA games, but was averaging 18.5 points and 5.5 rebounds in 22 games with the Hornets’ G League affiliate in Greensboro.

Today marks this season’s deadline for signing two-way players, so another move could be coming from Charlotte later tonight.