Transactions Rumors | Hoops Rumors

Hornets Re-Sign Tre Mann To Three-Year Deal

July 13th, 2025 at 8:19pm CST by Alex Kirschenbaum

July 13: Mann’s signing has been made official, the team announced in a press release (via Twitter).

July 1: The Hornets are re-signing free agent guard Tre Mann to a three-season, $24MM contract, sources inform ESPN’s Shams Charania (Twitter link). The deal will include a third-year team option, reports Michael Scotto of HoopsHype (Twitter link).

Mann’s fate appeared somewhat up in the air, as the Hornets had opted not to extend him the $6.96MM qualifying offer that would have made him a restricted free agent. However, head of basketball operations Jeff Peterson recently referred to the former first-round pick as a “priority” and said he expected him to return.

On Tuesday, the two sides reached an agreement to make that happen.

The 24-year-old out of Florida missed most of the 2024/25 season due to a back ailment, but he has participated in all of Charlotte’s offseason activity and 5-on-5 scrimmages. Across just 13 healthy games, the 6’3″ pro averaged a career-best 14.1 points, along with 3.0 assists and 2.9 rebounds. He had a shooting line of .435/.400/.905.

In addition to striking a deal with Mann, the Hornets also reached a deal to bring back former center Mason Plumlee.

Charlotte is, however, bringing in some new additions, highlighted by rookie No. 4 pick Kon Knueppel and forward Sion James out of Duke, former UConn wing Liam McNeeley UConn, and ex-Creighton center Ryan Kalkbrenner. The Hornets also agreed to acquire guard Collin Sexton from Utah, along with Milwaukee wing Pat Connaughton.

Grizzlies Renegotiate, Extend Jaren Jackson Jr.’s Contract

July 13th, 2025 at 6:18pm CST by Rory Maher

July 13: Jackson’s renegotiation and extension are official, the team announced (via Twitter).

June 30: The Grizzlies are expected to renegotiate and extend Jaren Jackson Jr.‘s contract, according to Shams Charania of ESPN, who reports (via Twitter) that Memphis is giving the former Defensive Player of the Year a five-year, $240MM deal.

The forward/center’s new extension will feature a player option for the 2029/30 season, sources tell Charania (Twitter link).

It’s worth noting that the Grizzlies do not currently have the requisite cap room to renegotiate and extend Jackson at the salary that Charania reported — additional cost-cutting moves will be necessary in order to complete the transaction.

John Konchar and Cole Anthony have been rumored as salary-dump candidates, and Charania suggests (via Twitter) that Anthony will likely be the odd man out. The 25-year-old guard is on an expiring $12.9MM contract, but Charania’s reporting suggests he’ll likely be traded or bought out.

[UPDATE: Cole Anthony Agrees To Buyout With Grizzlies, Plans To Join Bucks]

Giving Jackson a lucrative new deal was long expected to be a top priority for Memphis. The 25-year-old was entering the final year of his current contract, which would have paid him about $23.4MM in ’25/26.

Based on the terms of his new deal, his salary for next season will need to be increased by nearly $10MM as part of the renegotiation — the $240MM total by Charania likely includes the $23.4MM he’s already owed for next season, so it’ll be closer to $217MM in new money.

As Keith Smith of Spotrac tweets, the Grizzlies need to trim about $7MM in payroll for next season to finalize Jackson’s deal. They’ll have access to the room version of the mid-level exception by operating below the cap, with free agent guard Ty Jerome a rumored target.

Jackson was named an All-Star for the second time last season and earned a spot on the All-Defensive Second Team. In 74 games (29.8 MPG), he averaged 22.2 PPG, 5.6 RPG, 2.0 APG, 1.2 SPG and 1.5 BPG, with a shooting line of .488/.375/.781.

The Grizzlies have also agreed to a three-year, $52.5MM deal with restricted free agent forward Santi Aldama, according to Charania.

Memphis has been busy this offseason, trading Desmond Bane to Orlando in a blockbuster deal that saw the Grizzlies acquire four first-round picks, one first-round swap, Kentavious Caldwell-Pope and Anthony. The Grizzlies then used two of those picks to move up in the draft and land Washington State wing Cedric Coward.

Nuggets, Kings Officially Swap Jonas Valanciunas, Dario Saric

July 13th, 2025 at 4:21pm CST by Eli Cohen

The Nuggets‘ trade sending Dario Saric to the Kings in exchange for Jonas Valanciunas is now official, according to a press release from Denver.

The trade agreement between the two teams was first reported on July 1. At the time, it seemed like a fairly straightforward deal — Denver was adding a reliable backup center behind Nikola Jokic, while Sacramento was reducing its team salary by swapping out Valanciunas’ $10.4MM salary for Saric’s $5.4MM expiring contract, allowing the Kings to stay out of tax territory while completing other moves.

However, it became more complicated within the past 12 days, as word broke that Valanciunas had a three-year contract offer on the table from the Greek team Panathinaikos that he wanted to accept.

While there has been no indication that the mutual interest between Valanciunas and Panathinaikos has waned, the Nuggets have reportedly told the 33-year-old and his camp that they want the big man the honor his contract. According to reports, Denver had maintained interest in Valanciunas in recent years and views him as a critical addition to its roster.

In order to sign with Panathinaikos, Valanciunas would have to negotiate a buyout with the Nuggets and get a FIBA letter of clearance — as long as he’s on an NBA contract, he can’t unilaterally decide to play in another league, without Denver’s cooperation. Now that the trade is official, he and the Nuggets can formally sit down and discuss next steps, but it sounds for now as if the plan is to have him in camp in Denver in the fall.

Valanciunas landed with the Wizards via sign-and-trade last summer, then was traded to the Kings in February. The durable center made 81 total appearances last season in Washington and Sacramento, averaging 10.4 points, 7.7 rebounds and 2.0 assists in 18.8 minutes per contest.

Saric, meanwhile, couldn’t carve out a rotation role in Denver after signing with the team as a free agent in 2024. He made just 16 appearances, averaging 3.5 points and 3.1 rebounds in 13.1 minutes per night. It’s unclear whether the Kings intend to keep him on their roster entering next season — a return to Europe could be in the cards for the 6’10” forward/center if he reaches free agency.

Luke Adams contributed to this story.

Rockets Waive Nate Williams

July 13th, 2025 at 1:54pm CST by Alex Kirschenbaum

The Rockets have waived wing Jeenathan “Nate” Williams, per an official team press statement.

Williams’ $2,270,735 salary for the 2025/26 season with Houston was set to remain non-guaranteed until the start of the regular season. The 6’5″ vet has been partaking in his fourth Summer League with Houston this month.

The 26-year-old Williams played sparingly for Houston across the past two seasons, appearing in 42 total NBA contests. In 6.6 minutes per night, the Buffalo alum averaged 3.0 points and 0.9 rebounds, with a shooting line of .482/.258/.571.

Houston also officially announced its signing of undrafted former five-year Mississippi State forward Cameron Matthews to an Exhibit 10 training camp deal. His agreement was reported last month shortly after the draft.

A two-time SEC All-Defensive Teamer while with the Bulldogs, Matthews averaged 7.1 PPG, 6.7 RPG, 3.6 APG and 2.4 SPG in 34 appearances during his final NCAA season, 2024/25. Matthews had been ranked as the No. 83 prospect among this year’s class by Sam Vecenie of The Athletic.

Jalen Williams Signs Five-Year Max Extension With Thunder

July 13th, 2025 at 12:05pm CST by Rory Maher

July 13: Williams’ extension is official, the Thunder announced in a press release.

July 10: The defending champion Thunder and All-Star forward Jalen Williams have agreed to a maximum-salary rookie scale extension that covers five years, agents Bill Duffy and Justin Haynes tell Shams Charania of ESPN (Twitter link).

Jordan Richard of Swish Cultures was first to report the news (via Twitter).

Williams’ new five-year extension is fully guaranteed and does not feature a player or team option, according to Kelly Iko of The Athletic (Twitter link).

Williams’ extension will kick in during the 2026/27 campaign and he will earn at least 25% of that season’s salary cap. Based on the NBA’s latest cap projection, that would work out to a five-year, $240MM deal.

I used the term “at least” because all three reports state that Williams could earn more than that (up to $287MM), which implies his new deal has Rose Rule language that would make him eligible for a starting salary worth up to 30% of next season’s cap if he meets certain performance criteria, such as making an All-NBA team.

The 24-year-old wing is coming off a career-best season in which he averaged 21.6 points, 5.3 rebounds, 5.1 assists, and 1.6 steals in 32.4 minutes per game across 69 outings, with a .484/.365/.789 shooting line. He earned a spot on the All-Defensive second team, as well as the All-NBA third team.

Despite that All-NBA nod in 2025, Williams has not yet met the Rose Rule performance criteria — he will have to achieve the performance criteria again in 2026 to reach that higher salary.

Williams averaged 21.4 points per game for the Thunder during their postseason run to a championship despite dealing with a torn scapholunate ligament in his right wrist, which he underwent surgery to address. He recently said he was dealing with a wrist sprain for most of last season and tore the ligament on April 9.

Charania reported on Wednesday that Williams and the Thunder had “momentum” on an extension. Oklahoma City also agreed to five-year, maximum-salary deal with big man Chet Holmgren on Wednesday, though his rookie scale extension does not appear to contain Rose Rule language.

The Thunder have now locked up MVP Shai Gilgeous-Alexander, Williams and Holmgren to long-term mega-deals this offseason, with SGA officially signing his super-max extension on Tuesday.

Cole Anthony Agrees To Buyout With Grizzlies, Plans To Join Bucks

July 13th, 2025 at 8:03am CST by Arthur Hill

July 13: The buyout is official, the Grizzlies announced (via Twitter).

July 12: Cole Anthony has reached a buyout agreement with the Grizzlies, sources tell Shams Charania of ESPN, who adds that Anthony plans to sign with the Bucks once he clears waivers.

Anthony, who was acquired from Orlando in last month’s Desmond Bane trade, has an expiring $12.9MM contract. Charania doesn’t say how much money Anthony is giving up in the buyout, but it’s expected to be similar to whatever salary he gets in Milwaukee, likely a veteran’s minimum contract for one year.

When the move becomes official, Memphis will be able to use cap room to renegotiate and extend Jaren Jackson Jr.‘s contract, per Bobby Marks of ESPN (Twitter link). Once that happens, the Grizzlies can officially re-sign forward Santi Aldama and finalize their reported deal with free agent guard Ty Jerome.

Selected with the 15th pick in the 2020 draft, Anthony spent his first five NBA seasons with the Magic. He had been a consistent double-digit scorer throughout his career, but his playing time decreased last season and his scoring average dropped to 9.4 PPG.

The addition of Anthony will give Milwaukee 14 standard contracts. That includes Andre Jackson, whose deal won’t become fully guaranteed until opening night.

Daniel Gafford Signs Three-Year Extension With Mavericks

July 12th, 2025 at 9:04pm CST by Dana Gauruder

July 12: Gafford’s extension is official, the Mavericks announced (via Twitter).

June 23: Mavericks center Daniel Gafford intends to sign a three-year contract extension, ESPN’s Shams Charania reports. The contract is worth approximately $54MM, Marc Stein tweets.

The extension, which will become official in July, does not include an option in the final year, Grant Afseth of the Dallas Hoops Journal tweets. It’s fully guaranteed and will feature a 5% trade kicker, adds Kelly Iko of The Athletic (Twitter link).

Gafford has one year and $14,386,320 remaining on the three-year contract he signed while a member of the Wizards. His new extension will run through the 2028/29 season.

Gafford appeared in 57 games this season, including 31 starts. He averaged a career-best 12.3 points, 6.8 rebounds and 1.8 blocks per contest. Gafford is a bit undersized at center, listed at 6’10”, but has consistently been one of the NBA’s top shot-blockers since he entered the league in 2019.

Most of the shots that Gafford takes on offense are off lob passes or offensive rebounds. He has a career 70.9% field goal percentage.

The reasonably priced extension could make Gafford a trade chip if Dallas feels the need to trade a big man to balance its roster. As cap expert Yossi Gozlan tweets, Gafford should remain trade-eligible after signing the extension, since his new contract won’t exceed the extend-and-trade limits (20% first-year raise; 5% subsequent raises; four total years, including the current contract). If he were to receive more than $54.3MM on the three-year deal, he would be ineligible to be dealt for six months.

If Gafford remains with the Mavericks, he should be one of the team’s top frontcourt reserves off the bench along with P.J. Washington, presuming that Dereck Lively, Anthony Davis and top pick Cooper Flagg will start.

Jordan McLaughlin Re-Signs With Spurs

July 12th, 2025 at 2:34pm CST by Arthur Hill

July 12: McLaughlin has officially re-signed with the Spurs, the team announced today in a press release.

July 9: Jordan McLaughlin will return to the Spurs on a one-year, $3MM contract, sources tell Shams Charania of ESPN (Twitter link).

It will likely be a veteran’s minimum deal for McLaughlin, whose minimum salary this season based on his six years of NBA service would be $2,874,436.

The 29-year-old point guard was acquired from Sacramento in February as part of the De’Aaron Fox deal. He saw limited playing time in 18 games after the trade, averaging 2.5 points and 1.5 assists in 6.9 minutes per night with .536/.450/1.000 shooting numbers.

McLaughlin spent his first five NBA seasons with Minnesota after signing a two-way contract in the summer of 2019. He moved on to the Kings as a free agent last July, but didn’t see consistent playing time with them either before being traded.

McLaughlin will be the 13th standard contract for San Antonio, which opened an extra roster spot earlier today by sending Malaki Branham and Blake Wesley to Washington in exchange for Kelly Olynyk.

Pacers Re-Sign Isaiah Jackson To Three-Year Deal

July 11th, 2025 at 3:59pm CST by Luke Adams

3:59 pm: Jackson has officially re-signed with the Pacers, the team announced today in a press release.

2:59 pm: The Pacers and restricted free agent center Isaiah Jackson have reached an agreement on a new three-year contract worth $21MM, agents Drew Morrison and Sam Rose tell Shams Charania of ESPN (Twitter link).

The 22nd overall pick in the 2021 draft, Jackson played a modest role through his first four seasons in Indiana, averaging 7.2 points, 4.3 rebounds, and 1.3 blocks in 15.0 minutes per game across 163 appearances (31 starts). He missed nearly the entire 2024/25 season due to a right Achilles tear that he suffered in the sixth game of the season.

James Wiseman, who sustained a torn Achilles of his own in the Pacers’ regular season opener last October, appeared to have moved ahead of Jackson on the center depth chart entering the season. Given that context and the fact that Jackson is now coming off a major injury, it was somewhat surprising that the 23-year-old received a $6.4MM qualifying offer from Indiana last month to make him a restricted free agent.

That qualifying offer and this new three-year agreement are strong signals that the Pacers still believe in Jackson’s potential and feel good about where he’s at in his recovery from Achilles surgery.

The QO also makes more sense in retrospect knowing that Myles Turner‘s return to Indiana wasn’t the virtual lock that it seemed to be entering the free agent period. With Turner now in Milwaukee, Jackson will have an opportunity this fall to compete for minutes at center with Jay Huff, Tony Bradley, and Wiseman, who has returned to the Pacers on a new deal of his own.

Jackson’s new deal will give the Pacers 15 players on standard contracts for 2025/26, though Wiseman only has a partial guarantee and Bradley’s 2025/26 salary is non-guaranteed, so it’s possible those two big men will be battling for a single roster spot.

Hawks Sign Nikola Djurisic To Standard Contract

July 11th, 2025 at 1:10pm CST by Luke Adams

1:10 pm: Djurisic’s deal is a three-year contract worth his minimum salary, totaling about $5.95MM, per Michael Scotto of HoopsHype, who tweets that the first year will be guaranteed.

12:57 pm: The Hawks have added a draft-and-stash player to their standard roster, announcing today in a press release that they’ve signed wing Nikola Djurisic.

Djurisic, 21, was selected by Atlanta with the 43rd overall pick of the 2024 draft and spent last season playing in the G League with the College Park Skyhawks.

While he contributed 10.5 points, 3.5 assists, and 3.1 rebounds per game in 32 NBAGL outings for the Skyhawks, the 6’8″ forward struggled with turnovers (3.1 per game) and his shooting efficiency. He made just 37.9% of his field goal attempts, including only 18-of-101 (17.8%) three-pointers.

As Kevin Chouinard of Hawks.com notes (via Twitter), Atlanta had been carrying 12 players on standard contracts and didn’t have enough room below the luxury tax line to add three more veterans on minimum-salary deals, so having Djurisic on a rookie-minimum contract will be advantageous from a cap/tax perspective.

Because Djurisic’s contract will count toward the cap for just $1,272,870 in 2025/26, the Hawks should have enough flexibility to sign two more veterans to minimum deals without surpassing the luxury tax threshold.

Djurisic’s contract will be completed using the second-round pick exception. Chouinard adds (via Twitter) that he wouldn’t be surprised if Serbian youngster spends most or all of next season in the G League.