Transactions Rumors | Hoops Rumors

Timberwolves Acquire No. 8 Pick Rob Dillingham From Spurs

June 26th, 2024 at 11:17pm CST by Luke Adams

11:17pm: The deal is official, the Spurs announced in a press release.

8:04pm: The Spurs used the No. 8 pick in tonight’s draft on Kentucky guard Rob Dillingham, but he won’t begin his NBA career in San Antonio, according to Adrian Wojnarowski of ESPN, who reports (via Twitter) that the Timberwolves are acquiring Dillingham’s rights from the Spurs.

According to Wojnarowski (via Twitter), San Antonio is receiving Minnesota’s unprotected 2031 first-round pick and a 2030 pick swap in the deal. The ’30 swap will be top-one protected, tweets Shams Charania of The Athletic.

Neither of the Wolves’ 2024 picks (No. 27 and No. 37) are involved in the trade, confirms Jake Fischer of Yahoo Sports (Twitter link).

Minnesota’s ability to make roster moves this offseason will be extremely limited due to the fact that team salary will be above the second tax apron. That means the Wolves won’t be able to aggregate players in trades, take back more salary than they send out in trades, or sign outside free agents to contracts worth more than the minimum.

However, the second apron doesn’t prohibit them from acquiring a player’s draft rights, which don’t count as incoming salary for trade purposes as long as the player has not yet signed his rookie contract. That means they’ll be able to trade for Dillingham without sending out any players.

In his first and only college season with the Wildcats, Dillingham averaged 15.2 points, 3.9 assists, and 2.9 rebounds in 23.3 minutes per game, posting an impressive shooting line of .475/.444/.796

Despite the Wolves’ ongoing ownership dispute, it appears management has been given the go-ahead to keep adding pieces. The addition of Dillingham, who projects to earn about $6.28MM as a rookie, will increase the club’s projected tax bill to approximately $100MM, according to cap expert Yossi Gozlan (Twitter link). Bobby Marks of ESPN (Twitter link) estimates Minnesota’s projected tax bill at $84MM, but that number is fluid depending on how the club fills out its roster.

As for the Spurs, after adding Stephon Castle with the No. 4 pick, they clearly weren’t in love with any of the prospects available to them at No. 8, opting instead to continue adding to their stockpile of future draft picks by acquiring a pair of assets far down the road with little to no protection.

Clearing the $6.28MM cap hold for the No. 8 pick from their books will put the Spurs in position to create additional cap room this summer.

Nuggets Acquire No. 22 Pick DaRon Holmes

June 26th, 2024 at 11:05pm CST by Alex Kirschenbaum

11:05pm: The trade is official, the Suns announced in a press release, confirming the terms outlined below. Phoenix used the No. 28 pick to select Virginia’s Ryan Dunn.

Speaking on Wednesday night to reporters, Nuggets general manager Calvin Booth said the team views Holmes as a four (rather than a five) going forward, adding that the team didn’t necessarily make a promise to draft him but certainly targeted him (Twitter links via Vinny Benedetto of The Denver Gazette and Bennett Durando of The Denver Post).

“Once we got into the 20s and there was a chance to get him, we wanted to go get our guy, essentially,” Booth said.

The Knicks (initially at 24 and 25) and the Timberwolves (at 27) were considered teams that might be eyeing Holmes, compelling Denver to move up, according to Harrison Wind of DNVR Sports and Durando (Twitter links).

9:28pm: The Nuggets and Suns have agreed to a trade that will allow Denver to move up from No. 28 to No. 22 to select Dayton forward DaRon Holmes, reports Shams Charania of The Athletic (Twitter links).

According to Charania, in addition to the 28th pick, Phoenix is receiving the No. 56 pick in this draft and two future second-round picks from Denver. Those future second-rounders are the Nuggets’ own picks in 2026 and 2031, per Jake Fischer of Yahoo Sports (Twitter link).

The 6’10” forward was a three-time All-A10 honoree and a consensus All-American selection during his tenure with Dayton. During his final collegiate season in 2023/24, he averaged 20.4 points on .544/.386/.713 shooting splits, plus 8.5 rebounds, 2.6 assists, 2.1 blocks and 0.9 steals per night.

Last week, ESPN’s Jonathan Givony indicated that teams had been operating as if Denver had promised to select Holmes in the draft. Some recent reports denied that any promise had been made, but it certainly appears now that the 2023 champions had their eye on Holmes.

With the deal, the Suns are able to replenish their war chest of second-round picks after having traded so many away in deals over the last few seasons. As Bobby Marks of ESPN notes (via Twitter), Phoenix has increased its tally of future second-round selections from just two to five, including the No. 56 pick this year.

The Nuggets, weighed down by a pricey starting five, are clearly looking to add win-now young role player talent to their bench. Last season, they lost sixth man extraordinaire Bruce Brown in free agency. This year, the team is at risk of losing starting shooting guard Kentavious Caldwell-Pope, who has a $15.4MM player option for the 2024/25 season and could likely fetch a raise in free agency.

Luke Adams contributed to this report.

Nets, Rockets Officially Complete Swap Of Draft Assets

June 26th, 2024 at 3:49am CST by Luke Adams

The Nets and Rockets have officially announced their trade involving a series of future draft assets, with each team issuing a press release to confirm the move. We previously covered the deal within our story on the Mikal Bridges trade between the Nets and Knicks, but here are the full terms of the Brookyn/Houston swap:

Nets acquire:

Control of their own 2025 first-round pick (negating the Rockets’ right to swap either its own 2025 first-rounder or the Thunder’s 2025 first-rounder for Brooklyn’s pick).
Their own 2026 first-round pick.

Rockets acquire:

The right to swap either their own 2025 first-round pick or the Thunder’s 2025 first-round pick for the Suns’ 2025 first-round pick.
The Suns’ 2027 first-round pick.
Either the Mavericks’ or the Suns’ 2029 first-round pick (whichever is more favorable).
The right to swap their own 2029 first-round pick with either the Mavericks’ or the Suns’ 2029 first-round pick (whichever is least favorable).
- Note: Houston now essentially controls the two most favorable of the Mavericks’, Suns’, and Rockets’ 2029 first-rounders, with the Nets retaining control of the least favorable of the three.

The Nets’ motivation for the deal seems clear — their decision to trade Bridges signals that they’re prepared to take a step back in the short term rather than pushing toward contention. Having control of their own first-round picks for 2025 and 2026 will aid their rebuilding process, reducing the need to accelerate that process.

As cap expert Yossi Gozlan notes (via Twitter), Brooklyn will be in position to create more than $60MM in cap room in 2025, so the team will have no shortage of cap flexibility going forward in addition to being flush with future draft assets.

As for the Rockets, a report back in early May suggested they had interest in talking to the Nets about returning some of Brooklyn’s draft assets in exchange for some of those future Suns picks. Houston is pushing its collection of draft assets down the road a little and making a bet against Phoenix’s sustainability as a contender for the next several years.

As Adrian Wojnarowski of ESPN (Twitter links) has reported, the Rockets believe acquiring those future Suns assets puts them in a good position to pursue a star like Kevin Durant or Devin Booker in the event that they submit trade requests, or in the event that Phoenix eventually decides to break up its roster.

As the Nets showed with this deal, if a team pivots to a rebuild, it’s crucial for that team to control its own first-round draft picks — the Rockets now essentially own the Suns’ picks in 2025, 2027, and 2029 and could offer those assets back to Phoenix in any major trade between the two teams.

Still, for the time being at least, the Suns have no interest in considering a trade involving Durant or Booker, according to John Gambadoro of Arizona Sports 98.7, who responded to Wojnarowski’s report about Houston’s interest in acquiring Durant by tweeting that there’s “zero chance” that happens. Woj followed up on his initial report by clarifying (via Twitter) that the Rockets won’t necessary wait for a Suns star to become available and will also shop those picks to other teams in an effort to upgrade their roster.

Knicks To Acquire Mikal Bridges From Nets For Bogdanovic, Multiple First-Rounders

June 25th, 2024 at 10:47pm CST by Dana Gauruder

The Nets have agreed in principle to trade forward Mikal Bridges to the Knicks for Bojan Bogdanovic, four unprotected first-round picks, a protected first-round pick via the Bucks, an unprotected pick swap, and a second-rounder, ESPN’s Adrian Wojnarowski reports.

It’s a stunning development for both New York clubs, who haven’t made a trade with one another since 1983, as Fred Katz of The Athletic tweets.

The Knicks’ draft capital heading to Brooklyn will be their 2025, 2027, 2029 and 2031 first-rounders. The pick that the Bucks owed the Knicks was their 2025 first-rounder (top-four protected). The unprotected pick swap will come in 2028, while the second-rounder will be in 2025 (Brooklyn’s own). The Knicks will receive a 2026 second-round pick along with Bridges, according to Wojnarowski (Twitter link).

It’s a huge haul for the Nets, who acquired Bridges from the Suns in the 2023 Kevin Durant blockbuster. Bridges appeared in all 82 games this past season, averaging 19.6 points, 4.5 rebounds and 3.6 assists per contest.

Bridges made a trade request to be dealt to the Knicks, Ian Begley of SNY TV tweets. The forward is entering the third season of a four-year, $90MM contract and wanted to rejoin former Villanova teammates Jalen Brunson, Donte DiVincenzo and Josh Hart. He was prepared to tell any other teams looking to trade for him that he’d eventually sign with the Knicks as a free agent, Begley adds (via Twitter).

The Grizzlies and Jazz were among the other suitors who were prepared to offer “significant draft packages” for Bridges, sources tell Wojnarowski. The Rockets also had interest in Bridges, according to Jake Fischer of Yahoo Sports, who disputes Begley’s claim that the 27-year-old requested a trade but confirms he was interested in joining the Knicks.

Bridges will take some of the scoring load off of Brunson and Julius Randle while providing New York head coach Tom Thibodeau with another versatile piece on defense. The former Sun and Net will be eligible to sign a two-year extension as of October 1, or a longer deal next offseason.

Bridges is due to make $23.3MM next season. Bodganovic, who has a $19MM expiring contract for next season, looks more like a salary-matching piece than a player Brooklyn is specifically targeting, so he may not be a Net for long.

While only $2MM of Bogdanovic’s salary for 2024/25 is currently guaranteed, that partial guarantee will have to be increased to at least $14.2MM to make this trade work. That means he could end up be dealt again, as his larger partial guarantee makes him less likely to be waived, cap expert Yossi Gozlan notes (Twitter link). Bogdanovic is projected to return in October from the foot and wrist surgeries he required this spring, sources tell Fischer.

The Knicks will apparently still look to re-sign OG Anunoby, who has decided to opt out of his contract and become an unrestricted free agent, Wojnarowski tweets. However, New York is preparing to lose Isaiah Hartenstein in free agency, according to Begley (Twitter link). Hartenstein is expected to be a top target for several teams in free agency, and the Knicks — who only hold his Early Bird rights — can offer a max of four years and approximately $72.5MM.

Assuming the trade is completed as reported, without additional players added, the Knicks will be hard-capped at the first tax apron (projected to come in around $178.7MM) for the 2024/25 league year, since they’ll be taking back more salary than they send out. That will put a limit on New York’s spending power to fill out the roster, though the team should still have enough wiggle room to make a strong offer to Anunoby.

The Nets, meanwhile, are in position to create a new traded player exception worth $21.7MM if they take Bogdanovic into their previously created $20MM+ exception, Gozlan observes (via Twitter). If they go that route, they’d be hard-capped at the first apron in ’24/25 as well, since they’d be using a trade exception created prior to this offseason.

The Nets have also worked out a separate deal with the Rockets involving draft picks, according to Wojnarowski.

In that agreed-to trade with Houston, Nets are trading a 2025 Suns pick swap, a 2027 Suns first-rounder, and a first-rounder and swap in 2029 in exchange for their own 2025 pick swap and 2026 first-rounder from the James Harden trade, The Athletic’s Shams Charania tweets.

The Rockets’ motivation is to use the draft capital to help acquire an impact player. While the Rockets are intrigued about pursuing a Kevin Durant deal, Phoenix is inclined to run it back with its core group. Thus, the Rockets are now determined to use the Suns picks to be aggressive on deals elsewhere, Wojnarowski tweets.

Luke Adams contributed to this post.

Raptors Waive Mouhamadou Gueye

June 25th, 2024 at 9:51am CST by Luke Adams

The Raptors have waived forward Mouhamadou Gueye, according to Blake Murphy of Sportsnet.ca (Twitter link).

Gueye had been under contract with Toronto on a two-year two-way deal that he signed in March. A team could claim him and take on that two-way contract for 2024/25, but if he clears waivers, he’ll become an unrestricted free agent.

Gueye, who played his college ball at Monroe, Stony Brook, and Pittsburgh from 2016-22, went undrafted and has spent most of his first two professional seasons in the G League, first with the Texas Legends, then with the Raptors 905. In a total of 39 Showcase Cup and regular season games last season at the NBAGL level, he averaged 14.2 points, 7.9 rebounds, and 2.6 blocks in 31.0 minutes per contest, making 56.1% of his shots from the floor. He wasn’t a threat from beyond the arc, however, and made just 49.5% of his free throw attempts.

After initially signing a 10-day contract with Toronto following the trade deadline in February, Gueye was promoted from the G League to a two-way contract for the final few weeks of the season. The 6’9″ forward, who will turn 26 in July, appeared in 11 games at the NBA level, averaging 2.4 PPG, 2.1 RPG, and 1.6 BPG in 10.9 MPG.

The Raptors still have one player (D.J. Carton) on a two-way contract that covers 2024/25, so they’re on track to open up a pair of two-way slots when the new league year begins next week.

Bulls Extend Qualifying Offer To Patrick Williams

June 24th, 2024 at 7:32pm CST by Dana Gauruder

The Bulls have issued a qualifying offer to forward Patrick Williams, making him a restricted free agent, Jake Fischer of Yahoo Sports tweets.

Williams’ qualifying offer is worth $12.97MM. Chicago will now have the option of matching an offer sheet for the No. 4 pick of the 2020 draft.

Williams has not lived up to his draft billing but he’s still only 22 and could still become an impact player. This past season, he averaged 10.0 points, 3.9 rebounds and 1.5 assists per night in 43 games, including 30 starts. He has made 41% of his 3-point attempts over the course of his career.

Williams’ season was cut short by left foot surgery in February after being diagnosed with a foot stress reaction. He played his last game on Jan. 25. He was limited to just 17 contests in ’21/22 due to a wrist injury, though he appeared in all 82 games the following season.

A sign-and-trade scenario could develop, as several teams could be intrigued by Williams’ untapped potential. The Thunder are one team that has been linked to Williams.

OG Anunoby To Decline Option, Become Free Agent

June 24th, 2024 at 5:09pm CST by Dana Gauruder

OG Anunoby is declining his $19.9MM player option and will become an unrestricted free agent, Fred Katz of The Athletic tweets.

It’s long been anticipated that Anunoby would test the free agent waters. He’ll be one of the most coveted players on the market, coming in at No. 5 among our top 50 free agents this summer. However, it’s unlikely any team would be willing to max him out due to his lack of durability. As noted in our free agent rankings, injuries have cost him 29, 34, 15, and 32 games in the past four seasons.

When Anunoby suits up though, he’s a difference-maker. After the Knicks acquired him from the Raptors in December, New York’s net rating in his 802 regular season minutes was an eye-popping +21.7. Both the Knicks’ offensive rating (122.6) and defensive rating (100.9) during those minutes would’ve ranked first in the NBA.

Anunoby, 26, is in the prime of his career that began during the 2017/18 season. In 50 regular-season games in ’23/24, he averaged 14.7 points, 4.7 rebounds, 2.1 assists and 1.4 steals. He earned All-Defensive honors in 2022/23 but didn’t qualify this past season due to the 65-game minimum rule in the new CBA.

A recent report suggested that the floor for Anunoby’s next contract is $35MM per year, meaning the non-Knicks suitors will be limited to teams who can create significant cap room or are in position to pull off a sign-and-trade. That list isn’t extensive, but the Sixers are among the cap-room clubs that could have interest. He’d be a fallback option for them if they couldn’t land Paul George in free agency.

Still, the Knicks, who possess Anunoby’s full Bird rights, have the inside track on re-signing him. Discussing the forward’s impending free agency earlier today, Michael Scotto of HoopsHype confirmed a recent report from Brian Windhorst of ESPN, who hinted that New York’s initial offer wasn’t up to par, but added that New York “remains committed” to re-signing Anunoby and is viewed as the favorite by rival executives.

Reggie Jackson Exercising 2024/25 Player Option

June 24th, 2024 at 2:34pm CST by Luke Adams

Nuggets point guard Reggie Jackson is picking up his player option for 2024/25, reports Adrian Wojnarowski of ESPN (Twitter link). The decision will ensure that Jackson receives a guaranteed salary of $5.25MM next season before reaching unrestricted free agency in 2025.

Jackson originally signed with Denver on the buyout market in February 2023 after he was traded from the Clippers to the Hornets and was waived by Charlotte. He struggled down the stretch during the Nuggets’ championship season, making just 38.3% of his field goal attempts (27.9% of his three-pointers) in 16 regular season games before falling out of the rotation for the playoffs.

However, the Nuggets opted not only to retain him for the 2023/24 season but to give him a raise, signing him to a two-year, $10.25MM contract using their taxpayer mid-level exception. The 34-year-old responded with a strong bounce-back season, averaging 10.2 points, 3.8 assists, and 1.9 rebounds in 22.2 minutes per game, with a shooting line of .431/.359/.806.

Jackson was one of just two Nuggets players to appear in all 82 games this past season. He also made 23 starts when Jamal Murray was forced to the sidelines for health reasons.

While Jackson’s option decision will guarantee his 2024/25 salary, it doesn’t necessarily guarantee that he’ll spend next season in Denver. It’s possible the Nuggets will end up using his expiring contract as a trade chip, though if he returns, Jackson should see once again see rotation minutes as Murray’s backup

With Jackson’s $5.25MM salary on the books, the Nuggets are now up over $172MM in guaranteed salaries for 11 players. That figure doesn’t include the cap hold for Denver’s first-round pick ($2.5MM) or a new contract for Kentavious Caldwell-Pope, who has a decision of his own to make on a $15.4MM player option. If KCP exercises that option or signs an even more lucrative contract with the Nuggets, their salary will exceed the second tax apron ($189.5MM), limiting the team’s ability to make additional roster moves.

Keita Bates-Diop Exercises Option For 2024/25

June 24th, 2024 at 10:22am CST by Arthur Hill

Nets forward Keita Bates-Diop has picked up his $2.65MM player option for next season, according to Shams Charania of The Athletic (Twitter link).

Bates-Diop appeared in just 14 games after being acquired from Phoenix in February in a three-team deal that also included Memphis. He averaged 1.6 points, 0.6 rebounds and 0.3 assists in 4.9 minutes per night before his season ended in late March when he underwent a procedure for a stress fracture in his right tibia.

The player option was part of a two-year, $5MM deal Bates-Diop signed with the Suns in 2023. The 28-year-old has also spent time with Minnesota, Denver and San Antonio since coming into the league in 2018. He will become an unrestricted free agent next summer, assuming he remains under contract until then.

We’re tracking this year’s player option decisions right here. All of those decisions must be made by June 29.

Celtics’ Brissett To Decline Option, Become Free Agrent

June 23rd, 2024 at 5:05pm CST by Dana Gauruder

Oshae Brissett will decline his $2.5MM option in order to become an unrestricted free agent, Spotrac’s Keith Smith tweets.

Brissett signed a two-year contract with the Celtics at the start of free agency late last June. He appeared in 55 regular-season games with the Celtics, including one start, and averaged 3.7 PPG and 2.9 RPG in 11.5 MPG.

The 26-year-old came off the bench in 10 postseason contests, averaging 1.6 PPG and 1.4 RPG in 5.5 MPG. His biggest impact during the championship run came in Game 2 of the Eastern Conference Finals against Indiana when he collected three rebounds and three steals in 12 minutes.

A 6’7″ combo forward, Brissett went undrafted in 2019 after two college seasons at Syracuse. He originally signed an Exhibit 10 deal with his hometown Raptors, which was converted into a two-way deal for his rookie season.

Brissett was waived by Toronto in December 2020, later catching on with the Pacers in April 2021 on a couple of 10-day contracts. He played so well for Indiana to close ’20/21 (he averaged 10.9 PPG, 5.5 RPG, 1.0 BPG and 0.9 SPG on .483/.423/.769 shooting in 24 games) that he earned a multiyear contract for the veteran’s minimum.

His numbers declined in ’21/22, but were still solid enough for his contract. However, his role was further reduced in ’22/23, with Brissett averaging 6.1 PPG and 3.4 RPG while shooting 31% from three-point range in 65 games (16.7 MPG).

Brissett will have a busy summer as he looks for a new team, though he could still circle back and re-sign with Boston. He has also been named to Team Canada’s preliminary Olympic roster.