Transactions Rumors | Hoops Rumors

Cavs Sign Cedi Osman To Four-Year Extension

October 26th, 2019 at 2:30pm CST by clarkcrum

OCTOBER 26, 2:30pm: The Cavaliers have officially signed Osman to his four-year extension, the team announced today in a press release.

OCTOBER 24, 8:59pm: In his full story for Cleveland.com, Fedor details that Osman will earn $8.75MM, $8.05MM, $7.35MM, and $6.65MM (non-guaranteed) over the life of the extension.

OCTOBER 24, 7:48pm: According to Marc Stein of The New York Times, the Cavaliers and forward Cedi Osman have agreed to a four-year, $31MM contract extension, per Osman’s representatives. Brian Windhorst of ESPN adds that the figure is $30.8MM and that the final year of the extension is non-guaranteed.

The extension, which will begin next season, will keep the 24-year-old Macedonian under team control through the 2023/24 season. Four seasons is the longest extension Osman could have received, as veteran contract extensions (besides super-max deals) are limited to five total seasons, counting the years remaining on the current contract.

Osman, who is scheduled to make just over $2.9MM this season in the last year of his current deal, could have earned up to 120% of the estimated average salary in the first year of the extension, or just under $11.5MM. Clearly, he’ll not reach that figure based on the reported value of the deal.

Chris Fedor of Cleveland.com hears that Osman’s salary will decline over the life of the contract and Bobby Marks of ESPN adds that his 2020/21 salary will be $8.6MM. At a decline of 8% per season – the maximum amount allowed under the CBA – Osman’s contract would be worth just under $30.3MM, which is close to the figures reported by Stein and Windhorst.

The Cavaliers will surrender some cap flexibility this upcoming offseason by signing Osman to a deal with a first-year salary about $3.1MM higher than his cap hit would have been, but with so many other potential free agents signing extensions, the Cavs were smart to lock up Osman for the future.

Photo courtesy of USA Today Sports Images.

Hornets Exercise 2020/21 Options On Monk, Bridges

October 25th, 2019 at 2:00pm CST by Luke Adams

The Hornets have picked up their rookie scale team options for 2020/21 on guard Malik Monk and forward Miles Bridges, tweets Rick Bonnell of The Charlotte Observer. It’s Monk’s fourth-year option and Bridges’ third-year option.

Monk, the 11th overall pick in the 2017 draft, has yet to have the same kind of success at the NBA level that he did at Kentucky, averaging just 7.9 PPG on .377/.336/.871 shooting in 137 career games. He’s still just 21 years old though, and his 2020/21 option of $5,345,687 isn’t a major investment for the rebuilding Hornets. Monk will be eligible for a rookie scale extension 2020 and would be a restricted free agent in 2021 without a new deal.

Bridges, 21, was the 12th overall pick in the 2018 draft. In his rookie season, he averaged 7.5 PPG and 4.0 RPG in 80 games (21.2 MPG). He’ll likely play a key role for the team this season and is now locked in for $3,934,320 in 2020/21. The Hornets will have to make a decision on his 2021/22 team option by October 31, 2020.

Even with Monk and Bridges now on guaranteed salaries for ’20/21, the Hornets should be one of the few teams with a decent chunk of cap room available next summer. Currently, the club has approximately $76.3MM in guarantees on its books for next year, counting Nicolas Batum‘s $27MM+ player option.

Pelicans Pick Up 2020/21 Options On Ball, Hart

October 25th, 2019 at 9:51am CST by Luke Adams

OCTOBER 25: The Pelicans officially exercised their 2020/21 options on Ball and Hart on Friday morning, a source tells Lopez (Twitter link).

OCTOBER 22: The Pelicans are expected to exercise their team options for the 2020/21 season on Lonzo Ball and Josh Hart, tweets Andrew Lopez of ESPN. The moves will likely become official soon, Lopez adds.

Ball, who will turn 22 on Sunday, was one of the key pieces in the blockbuster trade that sent Anthony Davis to Los Angeles this summer. In two seasons with the Lakers, Ball averaged 10.0 PPG, 6.4 APG, and 6.2 RPG, but shot poorly (.380/.315/.437) and battled injuries, appearing in just 99 games.

He’ll get a chance at a fresh start in New Orleans this season, and the Pelicans are prepared to lock in his $11,003,782 cap hit for 2020/21. The move will make Ball eligible for a rookie scale extension during the 2020 offseason. He’ll reach restricted free agency in 2021 if he doesn’t sign a new deal next year.

Hart also arrived in New Orleans as a result of the Davis trade. Like Ball, he was a first-round pick in 2017 and is entering his third season. He saw his shooting numbers dip to .407./.336/.688 last season after posting a .469/.396/.702 line as a rookie, but will be counted on to help the Pelicans space the floor. His fourth-year option for 2020/21 is worth $3,491,159.

We’re tracking all of this year’s rookie scale option decisions for ’20/21 right here.

Bucks Exercising 2020/21 Options On DiVincenzo, Wilson

October 24th, 2019 at 3:50pm CST by Luke Adams

3:50pm: Matt Velazquez of The Milwaukee Journal Sentinel confirms (via Twitter) that the Bucks are exercising Wilson’s fourth-year option in addition to DiVincenzo’s third-year option. Wilson’s 2020/21 option is worth $4,548,280.

2:45pm: The Bucks are picking up their third-year option on Donte DiVincenzo‘s rookie contract, league sources tell Shams Charania of The Athletic (Twitter link). DiVincenzo is already on a guaranteed contract this season, but this move will lock in his $3,044,160 cap charge for the 2020/21 league year.

DiVincenzo, who won a pair of NCAA championships during his time at Villanova, was the 17th overall pick in the 2018 draft, but was limited to 27 games during his rookie season due to foot problems. The 22-year-old averaged just 4.9 PPG and 2.4 RPG on .403/.265/.750 shooting in 15.2 minutes per contest.

Despite a disappointing first year, the Bucks still believe in DiVincenzo, whose modest rookie contract would become a bargain if he develops into a reliable rotation player. Milwaukee’s next decision on the shooting guard will be due on October 31, 2020, when the team has to exercise or decline his $4,675,830 option for 2021/22.

As our tracker of rookie scale option decisions for 2020/21 shows, the Bucks also have a decision to make this year on D.J. Wilson‘s fourth-year option. That one’s a safe bet to be picked up too, so the team will likely announce both moves at the same time.

Rockets Signed, Waived Ronshad Shabazz

October 23rd, 2019 at 4:24pm CST by Luke Adams

4:24pm: Agent Cam Brennick of RBA Sports confirms to JD Shaw of Hoops Rumors (Twitter link) that Shabazz will enter the G League draft, since the Rockets won’t hold his affiliate rights.

While Houston can’t designate Shabazz as an affiliate player, it’s probably safe to assume the Rio Grande Valley Vipers will target him in the NBAGL draft.

3:30pm: The Rockets were one of many NBA teams that signed and immediately waived a player before the regular season, doing so with undrafted rookie guard Ronshad Shabazz, according to RealGM’s transactions log.

In his senior season in 2018/19, Shabazz averaged 18.3 PPG, 3.3 RPG, and 2.3 APG with a shooting line of .496/.376/.815 in 32 games (32.2 MPG).

These sign-and-waive transactions are always G League-related. They’re designed to either make a player eligible to be designated as a G League “affiliate player” or to ensure that a returning-rights G League player receives an Exhibit 10 bonus.

However, the Rockets’ deal with Shabazz was a little different than every other sign-and-waive maneuver completed this fall. Rather than signing the former Appalachian State standout to an Exhibit 10 contract, Houston inked him a two-way contract before releasing him. The moves occurred on Monday, before the club officially converted Chris Clemons‘ contract to a two-way deal.

On the surface, it looks as if the Rockets were trying to secure Shabazz’s G League rights without adding any dead money to their cap. If Shabazz had signed an Exhibit 10 contract on Monday and been cut right away, he wouldn’t have cleared waivers until the second day of the regular season, meaning the tax-conscious Rockets would have been on the hook for about $10K in dead money ($18K for tax purposes) — two days’ worth of his salary.

According to Adam Johnson of 2 Ways & Days, however, NBA teams don’t retain affiliate rights for waived two-way players. That would seem to make Shabazz ineligible to be designated as an affiliate player.

General manager Daryl Morey and the Rockets are pretty savvy with their roster moves, so it’s possible they’ve found a loophole here, or perhaps there’s another motivation for the signing. The official list of 2019 affiliate players should be released next week when G League training camps open, so we’ll see at that point whether or not Shabazz shows up on the Rio Grande Valley Vipers’ roster.

Hawks Claim Tyrone Wallace Off Waivers

October 23rd, 2019 at 4:08pm CST by Arthur Hill

The Hawks submitted a successful waiver claim for former Timberwolves point guard Tyrone Wallace, tweets ESPN’s Adrian Wojnarowski. Wallace was Minnesota’s final cut on Monday as the Wolves trimmed their roster to the league limit.

Atlanta will inherit his $1.6MM non-guaranteed contract, which comes with a daily cap hit of $8,973, according to Bobby Marks of ESPN (Twitter link). The Hawks are now up to 15 players and will have $3.7MM in remaining cap room as long as Wallace stays on their roster. His contract will become fully guaranteed on January 7, which is the league-wide guarantee date.

Wallace, 25, spent the past two seasons with the Clippers, averaging a 5.5 PPG in 92 combined games. He had a promising rookie season, but fell out of the rotation last year and saw his playing time cut to 10.1 minutes per night. The Wolves claimed him in July after he was waived by L.A.

Nets Sign Timothe Luwawu-Cabarrot To Two-Way Deal

October 23rd, 2019 at 4:08pm CST by Luke Adams

The Nets have officially signed former first-round pick Timothe Luwawu-Cabarrot to a two-way contract, the team announced today in a press release. Brooklyn had an open two-way slot alongside Henry Ellenson, so a corresponding move wasn’t necessary.

The 24th overall pick in the 2016 draft, Luwawu-Cabarrot spent his first two seasons in Philadelphia before being traded to the Thunder in the Dennis Schroder three-team trade in July 2018. After suiting up for Oklahoma City for the first half of 2018/19, the 24-year-old forward was traded again to Chicago in February. He became a free agent this summer and signed with the Cavs, but was waived in advance of the regular season over the weekend.

In 171 total games for three NBA teams, TLC has averaged 5.7 PPG and 1.9 RPG with a .387/.320/.820 shooting line. He’ll now get a chance to continue developing for the Long Island Nets, Brooklyn’s G League affiliate. His two-way deal will also make him eligible to spend up to 45 days with the NBA squad.

After Toronto, New York, and Brooklyn signed players to two-way deals today, the Suns are now the only team in the NBA with an open two-way slot on their roster.

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.