Transactions Rumors | Hoops Rumors

Raptors Sign Shamorie Ponds To Two-Way Deal

October 23rd, 2019 at 2:33pm CST by Dana Gauruder

OCTOBER 23: The Raptors have officially signed Ponds to a two-way contract, the team announced today in a press release.

OCTOBER 21: The Raptors are signing rookie guard Shamorie Ponds to a two-way contract, Blake Murphy of The Athletic tweets.

Ponds was waived by the Rockets over the weekend.

Ponds, a 6’1″ guard out of St. John’s, averaged 19.7 PPG, 5.1 APG, 4.1 RPG and 2.6 SPG in 33 games during his junior year in 2018/19 but went undrafted. He appeared in three preseason games with Houston, averaging 2.3 PPG in 6.7 MPG.

Toronto filled its other two-way spot earlier in the day by inking forward Oshae Brissett to a similar contract. Ponds and Brissett will be eligible to spend up to 45 days in the NBA on their two-way contracts, but will likely play primarily for the Raptors 905.

Knicks Sign Ivan Rabb To Two-Way Deal

October 23rd, 2019 at 1:53pm CST by Luke Adams

1:53pm: The Knicks have officially signed Rabb to a two-way contract, the team announced today in a press release.

10:15am: The Knicks, one of a small handful of teams with a two-way contract slot available, will fill that opening by signing Ivan Rabb, per Shams Charania of The Athletic (Twitter link). Sources tell Charania that New York is finalizing a two-way contract with the former Grizzlies forward, who will reunite with his former head coach David Fizdale.

Rabb, 22, was the 35th overall pick in the 2017 draft and spent his first two professional seasons in Memphis, but didn’t really develop into a reliable, consistent rotation player. In 2018/19, he averaged 5.8 PPG and 4.2 RPG in 49 games (14.7 MPG). The former Cal standout was released by the Grizzlies in advance of this season’s roster cutdown deadline, and cleared waivers on Monday.

While Rabb’s new two-way deal will make him eligible to spend up to 45 days with the Knicks, the team infamously stocked up on power forwards during the summer, so there may not be minutes available in a rotation that already includes Julius Randle, Bobby Portis, Taj Gibson, and Marcus Morris. Rabb figures to see far more action with the Westchester Knicks, New York’s G League affiliate.

Once the signing is official, the Knicks will have a full 17-man roster, with two-way players Rabb and Kadeem Allen joining the 15 players on guaranteed standard contracts.

Bulls Sign Max Strus To Two-Way Contract

October 22nd, 2019 at 2:02pm CST by Luke Adams

After being released by the Celtics on Saturday, undrafted rookie shooting guard Max Strus has signed a new two-way contract with the Bulls, the club announced today in a press release. Chicago had an open two-way slot alongside Adam Mokoka, so no corresponding roster move was required.

It’s a homecoming for Strus, an Illinois native who finished his college career at DePaul. In 35 games in 2018/19, Strus averaged 20.1 PPG and 5.9 RPG with a shooting line of .429/.363/.842.

Strus’ strong senior season helped earn him a two-way contract with the Celtics, but he was moved to Boston’s standard roster and later waived when the team decided to retain Javonte Green and Tacko Fall to start the regular season.

Having reportedly received a partial guarantee worth in excess of $400K from the Celtics, Strus was ineligible to play for the Maine Red Claws, Boston’s G League affiliate, for the rest of the league year. But he’ll get a chance to play for the Windy City Bulls on his new two-way contract with Chicago. The deal will also permit him to spend up to 45 days with the NBA team after G League training camps get underway next week.

Spurs Sign Dejounte Murray To Four-Year Extension

October 21st, 2019 at 9:00pm CST by Luke Adams

9:00pm: Murray’s new contract includes $6MM in incentives and could max out at $70MM, tweets Charania.

4:08pm: The Spurs have officially signed Murray to an extension, the team confirmed in a press release.

3:38pm: Despite not appearing in a regular season game since the 2017/18 season, Dejounte Murray has agreed to a new long-term extension with the Spurs. Agent Rich Paul tells Shams Charania of The Athletic (Twitter link) that Murray is signing a four-year contract worth a fully guaranteed $64MM. It’ll go into effect for the 2020/21 season.

Murray, the 29th overall pick in the 2016 draft, averaged 8.1 PPG, 5.7 RPG, and 2.9 APG in 81 games (21.5 MPG) during the ’17/18 season, his second with the Spurs. He appeared to be primed for a breakout season last fall, but a torn ACL sidelined him for the entire ’18/19 campaign.

Once again healthy, Murray is looking to pick up where he left off before that injury. Although there are some questions about his jump shot – he converted just 18-of-57 three-pointers in his first two seasons – he’s a force on the defensive end, having become the youngest player ever to be named to the NBA’s All-Defense team in 2018. The Spurs view him as one of their cornerstone pieces for the years ahead.

Prior to Murray’s extension, the Spurs had approximately $54MM in salary on their books for the 2020/21 season. While we don’t yet know the structure of Murray’s deal, it’s safe to say it will push the team’s commitments up near $70MM.

It’s possible San Antonio will still have some cap flexibility next summer, but that team salary estimate doesn’t include DeMar DeRozan‘s player option ($27.7MM) or $17MM of LaMarcus Aldridge‘s partially guaranteed salary, so if the Spurs intend to bring one or both of those players back, they likely won’t be a real player in free agency.

Murray is the eighth player to reach a deal on a rookie scale extension this year and the 15th player in total to get an extension since July, as our tracker shows.

Photo courtesy of USA Today Sports Images.

Kings Add Wenyen Gabriel To 15-Man Roster

October 21st, 2019 at 8:29pm CST by Dana Gauruder

8:29pm: The roster moves are official, according to a team press release.

6:56pm: Wenyen Gabriel will have his two-way contract converted to a standard contract as part of the Kings’ roster tinkering, James Ham of NBC Sports Bay Area tweets.

An opening on the 15-man roster will be created by waiving forward Tyler Lydon. As previously reported, Sacramento has claimed undrafted swingman DaQuan Jeffries from the Magic.

Jeffries will take Gabriel’s previous spot on a two-way deal, according to Ham. Rookie guard Kyle Guy has the other two-way contract.

Gabriel, 21, averaged 6.8 PPG and 5.4 RPG as a sophomore in 2017/18 at Kentucky but was not drafted. He signed a two-way contract with Sacramento last July, but has yet to make his NBA debut, spending his rookie season with the Stockton Kings. He averaged 4.8 PPG and 2.5 RPG in 12.9 MPG during four preseason games this fall.

Clippers Sign Derrick Walton Jr. To One-Year Contract

October 21st, 2019 at 8:15pm CST by Dana Gauruder

The Clippers have signed point guard Derrick Walton Jr. to a one-year, non-guaranteed contract to fill their last roster spot, according to Andrew Greif of the Los Angeles Times.

The Clippers waived forward Donte Grantham on Saturday, paving the way for Walton to make the opening-night roster. Walton’s $1.45MM deal won’t become fully guaranteed until January 10.

Walton signed a training camp deal with the Clippers in July. Walton spent a season with the Heat on a two-way contract in 2017/18 after going undrafted out of Michigan. He joined the Bulls for training camp last fall, but was waived before the regular season began and ended up playing overseas in 2018/19 for teams in Lithuania and Germany.

Walton averaged 7.0 PPG and 3.0 APG while playing in all five Clippers preseason games. He’ll back up Patrick Beverley and Terance Mann, though Lou Williams will also run the offense at times.

Joe Ingles Signs One-Year Extension With Jazz

October 21st, 2019 at 6:29pm CST by Dana Gauruder

6:29pm: It’s official, according to the Jazz’s Twitter feed.

6:19pm: Forward Joe Ingles has agreed to a one-year, $14MM extension with the Jazz, Adrian Wojnarowski of ESPN tweets.

The extension applies to the 2021/22 season. Ingles is making nearly $12MM this season but that number drops to $10.83MM next season, as the four-year, $52MM contract he signed in 2017 was frontloaded.

Monday was the deadline to extend a player with two years left on his deal, Bobby Marks of ESPN notes in a tweet. The extension will include likely and unlikely bonuses, Marks adds.

The 6’8” Australian, who turned 32 earlier this month, emerged as a fixture in the starting lineup the last two seasons and his playmaking skills became a key component to Utah’s offensive scheme. He averaged 12.1 PPG, 4.0 RPG and 5.7 APG in 31.3 MPG last season. He’s averaged 9.7/4.2/3.6 in those categories in 27 career playoff games.

He might be used in a sixth-man role this season due to his versatility.

Cavs Claim Alfonzo McKinnie Off Waivers

October 21st, 2019 at 6:01pm CST by Luke Adams

6:01pm: The claim is official, according to the team’s Twitter feed.

4:13pm: As expected, forward Alfonzo McKinnie didn’t make it through waivers after being cut by the Warriors on Saturday. The Cavaliers, who had second priority in the NBA’s waiver order, have claimed McKinnie, a league source tells Chris Fedor of Cleveland.com (Twitter link).

McKinnie, 27, emerged as a rotation player for Golden State last season, averaging 4.7 PPG and 3.4 RPG with a .487/.356/.563 shooting line in 72 regular season games (13.9 MPG). He also appeared in 22 playoff games for the club.

However, the Warriors were facing a roster crunch this fall due to their hard cap, and had to choose between keeping either McKinnie or Marquese Chriss. The Dubs opted for Chriss, forcing them to waive McKinnie, since he wasn’t eligible to have his contract converted into a two-way deal.

McKinnie’s minimum salary for the 2019/20 season will remain non-guaranteed until January, so the Cavs have the flexibility to audition him for the next couple months before making a decision on whether to fully guarantee his salary.

Cleveland had only been carrying 13 players on standard contracts, so no corresponding move was necessary to make room for McKinnie. The team is now approximately $1.3MM below the tax line, tweets cap expert Albert Nahmad.

Bulls Exercise Options On Markkanen, Carter Jr., Hutchison

October 21st, 2019 at 5:21pm CST by Dana Gauruder

The Bulls have exercised their fourth-year option on forward Lauri Markkanen and third-year options on center Wendell Carter Jr. and forward Chandler Hutchison, according to a team press release. That guarantees the trio’s contracts for the 2020/21 season.

Markkanen will make $6.73MM next season after collecting $5.3MM this season.

Injuries limited Markkanen to 52 games last season. He averaged 18.7 PPG and 9.0 RPG while shooting .430 from the field and .361 from 3-point range.

Carter Jr. will take home $5.45MM next season after receiving approximately $5.2MM this season.

Carter Jr. was selected No. 7 overall in 2018 draft. He, too, battled injuries last season and was limited to 44 games but showed the ability to be a defensive anchor. He averaged 10,3 PPG, 7.0 RPG and 1.3 BPG in 25.2 MPG as a rookie.

Hutchison will receive $2.44MM next season after making $2.33MM in 2019/20.

Hutchison, selected with the No. 22 pick in 2018, averaged 5.2 PPG and 4.2 RPG in 44 games during his rookie campaign. He’s expected to play a reserve role this season.

Pacers Sign Domantas Sabonis To Four-Year Extension

October 21st, 2019 at 5:13pm CST by Luke Adams

5:13pm: The Pacers have officially signed Sabonis to his new extension, the team confirmed in a press release.

“I’m very excited to remain with the Pacers, this is where I wanted to be,” Sabonis said in a statement. “I appreciate the organization showing their confidence in me; and I’m ready to be part of what’s going to be a great year for our team.”

3:10pm: The parade of rookie scale extensions continues on deadline day, with Pacers big man Domantas Sabonis the latest player to agree to a new long-term deal, per Shams Charania of The Athletic (Twitter link).

According to Charania, Sabonis’ new four-year extension with Indiana is worth $74.9MM (Twitter link). ESPN’s Adrian Wojnarowski (Twitter links) has the value at $77MM in guaranteed money over four years, adding that the deal could be worth up to $85MM with incentives. Sabonis’ new contract, which goes into effect in 2020/21, won’t feature any team or player options, tweets Scott Agness of The Athletic.

It has been a wild few days for the Pacers and Sabonis, with a report on Friday night suggesting that the two sides were far apart in contract negotiations, prompting the team to explore the trade market in search of a possible deal. Indiana’s asking price was said to be “too high,” so it doesn’t appear as the club ever came close to actually moving the 23-year-old.

Still, it didn’t sound as if Sabonis and the Pacers were in a great place over the weekend. Asked about the situation on Saturday, the Lithuanian replied, “I know exactly how the Pacers feel about me now,” an apparent reference to those trade rumors. Given today’s news, that comment could have a very different meaning now, as the Pacers were willing to invest even more heavily in Sabonis than they did a year ago in Myles Turner, who received a four-year, $72MM deal.

Both Sabonis and Turner should be very movable on their new long-term contracts, so that’s still a path the Pacers could eventually explore. For now though, the plan is to play the two big men alongside one another in the starting lineup. That approach had mixed results last season, but the Pacers are invested in committing more time and energy to making it work.

Sabonis, 23, only started five games last season after making 85 starts in his first two seasons, but he still enjoyed his best season as a pro, averaging 14.1 PPG, 9.3 RPG, and 2.9 APG in just 24.8 minutes per contest.

He and Turner, along with newly-acquired guard Malcolm Brogdon, will be tasked with helping the Pacers get off to a good start this season while their MVP – Victor Oladipo – remains on the shelf due to a quad injury.

Photo courtesy of USA Today Sports Images.