Transactions Rumors | Hoops Rumors

Hornets Sign Cody Martin, Caleb Martin

July 31st, 2019 at 10:28am CST by Luke Adams

10:28am: The Hornets have made it official, announcing in a press release that they’ve signed both Martin brothers.

9:33am: The Hornets will become the latest NBA team to carry a pair of brothers on the same roster. In this case, it’ll be the Martin twins – Cody Martin and Caleb Martin – who sign with Charlotte, per Shams Charania of The Athletic (Twitter link).

Cody, who was the 36th overall pick in the 2019 draft, will sign a three-year contract with the Hornets, according to Charania. That deal figures to come out of the team’s mid-level exception, since Charlotte would otherwise be limited to two years. As for Caleb, he’ll get a partially guaranteed deal, Charania adds. If that guarantee doesn’t exceed $50K, he could emerge as a candidate to fill the club’s open two-way slot.

The Martins, who are each 6’7″ forwards, spent their college careers playing together as well, first at North Carolina State and later at Nevada. In 2018/19, Cody averaged 12.1 PPG, 4.9 APG, and 4.5 RPG with a .505/.358/.763 shooting line, while Caleb recorded 19.2 PPG, 5.1 RPG, and 2.8 APG on .409/.338/.732 shooting.

After the Hornets selected Cody early in the second round last month, Caleb joined the team’s Summer League roster, though he was unable to play due to a knee injury. Charlotte wanted to keep an eye on Caleb during the summer, according to Rick Bonnell of The Charlotte Observer (Twitter link), who says he heard in Las Vegas that it was a given that Caleb would be in camp with the Hornets this fall, assuming he was healthy.

The Martins will become the second pair of twins to play on the same roster this fall, joining Brook Lopez and Robin Lopez of the Bucks. Milwaukee also employs another set of brothers – Giannis Antetokounmpo and Thanasis Antetokounmpo – while the Pacers will have both Aaron Holiday and Justin Holiday under contract.

Blazers Sign CJ McCollum To Three-Year Extension

July 30th, 2019 at 7:00pm CST by Luke Adams

7:00pm: The Blazers and McCollum have made it official, with the team issuing a press release to announce the extension.

“CJ McCollum is a franchise cornerstone and a critical part of our future,” Neil Olshey said in a statement. “This extension represents a strong level of commitment between CJ, the Trail Blazers and the city of Portland.”

1:01pm: The Trail Blazers and guard CJ McCollum have reached an agreement on a contract extension that will add three years to his current deal, agent Sam Goldfeder of Excel Sports tells ESPN’s Adrian Wojnarowski (via Twitter).

According to Wojnarowski, the two sides have agreed to a three-year, $100MM extension that will keep McCollum under contract for the next five seasons in total — he has two years left on his current deal. Assuming the extension doesn’t feature any options, it will put the 27-year-old on track to reach unrestricted free agency in 2024.

The 10th overall pick in the 2013 draft, McCollum has emerged as one of the league’s best backcourt scorers in recent years, averaging at least 20.8 PPG in each of the last four seasons. In 2018/19, he recorded 21.0 PPG, 4.0 RPG, and 3.0 APG with a shooting line of .459/.375/.828 in 70 games (33.9 MPG).

Because McCollum signed his current contract with Portland on July 27, 2016, he became eligible for an extension on Saturday, three years after that deal was completed. The two sides didn’t waste much time in working something out, though the new contract won’t go into effect until the 2021/22 season.

While three years was the most that McCollum and the Blazers could have tacked onto to his current deal, it’s not technically a maximum-salary extension. The standout shooting guard could have earned up to approximately $114MM on that three-year extension, so he’ll accept slightly less than that in exchange for long-term security.

McCollum’s extension will make him the fifth player to sign a contract extension this offseason, as well as the third player to ink a veteran extension. Most notably, he’s the second member of the Blazers’ backcourt to agree to a lucrative long-term extension this summer — the team locked up Damian Lillard to a four-year, super-max extension earlier this month.

Lillard’s extension begins in ’21/22, the same year as McCollum’s. It runs one year longer, but Portland is now assured of having its two star guards under contract for least the next five seasons.

Photo courtesy of USA Today Sports Images.

Nets Sign Deng Adel To Exhibit 10 Deal

July 30th, 2019 at 4:30pm CST by Luke Adams

JULY 30: The Nets have officially signed Adel, the team announced today in a press release.

JULY 25: The Nets have reached an agreement to sign free agent small forward Deng Adel to an Exhibit 10 contract, league sources tell Michael Scotto of The Athletic (Twitter link).

Adel, 22, went undrafted out of Louisville in 2018. He spent training camp and the preseason last fall with the Raptors, but didn’t make their regular season roster and ultimately landed with the Raptors 905 in the G League.

After appearing in 25 games for Toronto’s G League affiliate, Adel was snatched up by the Cavaliers, who inked him to a two-way contract in January. He saw limited minutes in 19 games for Cleveland in the second half of the season while also playing in 12 more NBAGL contests for the Canton Charge. He became an unrestricted free agent at season’s end.

Once Adel’s deal with Brooklyn becomes official, he’ll occupy one of the 20 spots on the club’s offseason roster.

Magic Officially Sign Jeffries, Law, Jefferson

July 30th, 2019 at 3:27pm CST by Luke Adams

The Magic have officially completed a series of signings, according to Josh Robbins of The Athletic, who tweets that DaQuan Jeffries, Vic Law, and Amile Jefferson are now under contract with the team. Jeffries and Law signed Exhibit 10 deals, while Jefferson finalized a two-way pact.

Orlando’s agreements with undrafted rookies Jeffries and Law were reported shortly after the draft ended last month. Both players joined the Magic for Summer League action earlier this month.

Jeffries, a 6’5″ wing out of Tulsa, was ranked by ESPN’s Jonathan Givony as the fourth-best prospect who wasn’t drafted in 2019. He posted 13.0 PPG, 5.6 RPG, 1.2 BPG, and 1.0 SPG in his final college season, shooting .502/.366/.755.

Law, a 6’7″ forward, who played four full college seasons at Northwestern, averaged 15.0 PPG, 6.4 RPG, and 3.0 APG as a senior. Like Jeffries, he also averaged at least one block and steal per game.

As for Jefferson, his new two-way deal with the Magic was reported on July 18. He spent the 2018/19 season on a two-way contract with Orlando and saw the majority of his playing time for the Lakeland Magic, the club’s G League affiliate. The former Duke Blue Devil averaged 18.1 PPG, 11.3 RPG, and 3.4 APG in 34 G League games (33.2 MPG), earning a spot on the All-NBAGL Third Team.

The Magic now have 13 players officially on guaranteed contracts, plus Jeffries and Law on Exhibit 10 deals and Jefferson and Josh Magette on two-way contracts. The team also still needs to officially sign first-round pick Chuma Okeke and reportedly reached an agreement on a camp deal with Dererk Pardon. If and when those signings are finalized, it would leave one opening on Orlando’s 20-man roster.

Sixers Sign Trey Burke To One-Year Deal

July 30th, 2019 at 2:34pm CST by ChrisCrouse

JULY 30: The Sixers’ deal with Burke is now official, the team confirmed today in a press release.

“Trey’s experience as a ballhandler matched with his scoring ability makes him a good fit for our roster,” GM Elton Brand said in a statement. “We’re excited to welcome him to the 76ers and look forward to the positive impact he can have on our team.”

JULY 25: The Sixers will add free agent point guard Trey Burke on a one-year deal, Shams Charania of The Athletic relays (Twitter link).

It will be a one-year pact at the minimum and will only be partially guaranteed, Keith Pompey of the Philadelphia Inquirer tweets.

Burke began last season on the Knicks before the team traded him to the Mavs in the Kristaps Porzingis deal. Burke saw action in 25 games for Dallas, scoring 9.7 points per contest.

Philadelphia has revamped its second unit this summer. The team signed Kyle O’Quinn and Raul Neto while bringing back Mike Scott, Furkan Korkmaz and James Ennis so far this offseason.

The Sixers also added first-round pick Matisse Thybulle and will look to get a full season out of Zhaire Smith.

Photo courtesy of USA Today Sports Images.

Warriors Sign Damion Lee To Two-Way Contract

July 30th, 2019 at 1:58pm CST by clarkcrum

JULY 30: The Warriors have officially signed Lee to a new two-way contract, per RealGM’s NBA transactions log.

JULY 28: Per a report from Shams Charania of The Athletic and Stadium, the Warriors and swingman Damion Lee have reached terms on a two-way contract that will see Lee, the brother-in-law of Stephen Curry, return to the Bay Area for the 2019/20 season.

Lee, who played under a two-way contract with Golden State last season also, appeared in 39 games for the Warriors in 2018/19, averaging 4.9 PPG in 11.7 MPG. Anthony Slater of The Athletic first reported that Lee was again a candidate for one of the team’s two-way slots approximately two weeks ago.

The 26-year-old Drexel and Louisville product also played in 15 games (11 starts) for the Hawks during his rookie season in 2017/18, where he averaged an impressive 10.7 PPG in 26.9 minutes per contest, albeit in relatively meaningless action toward the end of the regular season.

The Warriors other two-way slot is occupied by rookie guard Ky Bowman. Forward Julian Washburn held the other spot for awhile, but he was waived after being acquired from the Grizzlies in the trade that sent Andre Igoudala to Memphis to clear cap space.

Kings Sign Isaiah Pineiro To One-Year Deal

July 30th, 2019 at 12:03pm CST by Luke Adams

JULY 30: The Kings have officially signed Pineiro, the team confirmed today in a press release. It’s an Exhibit 10 deal, tweets James Ham of NBC Sports California.

JULY 19: Former University of San Diego forward Isaiah Pineiro has reached an agreement to sign with the Kings, according to Michael Scotto of The Athletic, who reports (via Twitter) that Pineiro will receive a one-year, partially guaranteed contract.

Although Scotto doesn’t specify, it’s possible Pineiro will sign an Exhibit 10 contract. A deal with an Exhibit 10 clause is for one year and features a partial guarantee of up to $50K in the event that the player ultimately joins the team’s G League affiliate or has his contract converted into a two-way pact.

Pineiro, 24, went undrafted in June after averaging 18.8 PPG, 9.4 RPG, and 2.1 APG with a .487/.336/.820 shooting line in 36 games for the University of San Diego in 2018/19.

The Auburn, California native joined his hometown Kings for the California and Las Vegas Summer Leagues this month, appearing in eight total games for the squad. He saw limited action in those games, but performed well, making 13 of 24 (54.2%) shots from the floor.

Mavs Sign Josh Reaves To Two-Way Contract

July 30th, 2019 at 8:15am CST by Luke Adams

The Mavericks have officially signed free agent shooting guard Josh Reaves to a two-way contract, the team announced late Monday night in a press release.

Reaves, who played for the Mavs’ Summer League team earlier this month after going undrafted out of Penn State, averaged 10.6 PPG, 5.0 RPG, and 2.5 SPG on .426/.356/.656 shooting in his senior season for the Nittany Lions. He was named the Big 10’s Defensive Player of the Year for 2018/19.

ESPN’s Jonathan Givony first reported after the draft that Reaves had agreed to sign a two-way deal with Dallas, though a subsequent report later indicated that he’d get an Exhibit 10 contract instead. Ultimately, after some roster shuffling, Reaves and Antonius Cleveland will occupy the Mavs’ two-way contract slots, displacing Kostas Antetokounmpo and Daryl Macon, both of whom were waived in recent weeks.

Using their open two-way slot on Reaves mean the Mavericks won’t use it to officially add 2019 second-round pick Isaiah Roby to the roster. The No. 45 overall selection remains unsigned, so unless the team plans to stash him overseas or in the G League, a standard contract now seems likely.

Dallas currently has 14 players on guaranteed deals for 2019/20, so the club would be giving up some roster flexibility if it signs Roby to fill its 15th and final regular season roster spot.

Jazz, Juwan Morgan Agree To Exhibit 10 Deal

July 29th, 2019 at 2:37pm CST by Luke Adams

The Jazz have reached an agreement to sign undrafted forward Juwan Morgan to an Exhibit 10 contract, league sources tell Michael Scotto of The Athletic (Twitter link).

Scotto first reported in June (via Twitter) that Morgan was joining the Jazz, though Bryan Kalbrosky of HoopsHype noted at the time (via Twitter) that the deal was just for Summer League. It appears the two sides have now agreed to extend their partnership into at least training camp.

Morgan, who spent all four seasons of his college career with the Hoosiers, was a full-time starter as a senior in 2018/19. He averaged 15.5 PPG, 8.2 RPG, and 1.5 BPG in 35 games (29.9 MPG). In four Las Vegas Summer League games with Utah, he recorded 6.8 PPG and 5.5 RPG in 17.3 minutes per contest.

An Exhibit 10 contract will put Morgan in line for a bonus if he’s released by the Jazz in the preseason but joins the team’s G League affiliate, the Salt Lake City Stars. That scenario is more likely than having his contract converted into a two-way deal, since Utah’s two-way contract slots are currently occupied by 2019 second-rounders Jarrell Brantley and Justin Wright-Foreman.

Pacers Officially Sign Edmond Sumner

July 29th, 2019 at 1:40pm CST by Luke Adams

A deal that was agreed upon four weeks ago has now been completed, with the Pacers announcing today that they’ve officially signed guard Edmond Sumner to his new contract.

Sumner’s three-year deal will reportedly be worth approximately $6.5MM. We’re still waiting on the specific details on the guarantee and the structure, but at least one report indicated that the third year won’t be guaranteed.

After being selected with the 52nd overall pick in the 2017 draft, Sumner has spent his first two professional seasons in Indiana, first on a two-way contract and later on a standard deal. The 23-year-old has logged limited minutes in 24 games for the Pacers over those two years, but has played a more extensive role for the Fort Wayne Mad Ants, Indiana’s G League affiliate. In 26 NBAGL contests in 2018/19, he averaged 22.1 PPG, 3.8 APG, and 1.7 SPG with a .472/.360/.748 shooting line.

According to Scott Agness of The Athletic (Twitter link), the left foot injury that sidelined Sumner for all but one Summer League game in Las Vegas earlier this month has cleared up, and he’s ready to compete for a rotation spot in training camp this fall.

Having also officially signed T.J. McConnell today, the Pacers appear to have exhausted their cap space for the offseason, so other signings – namely Justin Holiday via the room exception – should follow soon.