Transactions Rumors | Hoops Rumors

Klay Thompson Signs Five-Year Max Deal With Warriors

July 10th, 2019 at 5:48pm CST by Luke Adams

JULY 10: Thompson’s five-year, maximum-salary contract is now official, the Warriors announced in a press release.

JULY 1: Wojnarowski provides another update on Thompson’s new contract, tweeting that it includes a 15% trade bonus. Trade bonuses can’t push a player’s salary beyond his max, so Klay wouldn’t receive it in the unlikely event he’s traded this season. That could change down the road.

JUNE 30: The Warriors and Thompson have a “done deal” in place, three sources confirm to Marc Stein of The New York Times (Twitter link). A source tells Anthony Slater of The Athletic (Twitter link) that it’s a standard five-year deal with no options and no no-trade clause.

JUNE 29: The Warriors and Thompson plan to reach an agreement on a five-year max deal shortly after free agency begins on Sunday, tweets Shams Charania of The Athletic.

JUNE 28: The Warriors are planning to offer All-Star guard Klay Thompson a five-year, maximum-salary contract when free agency opens on Sunday, reports ESPN’s Adrian Wojnarowski. According to Wojnarowski, that offer will likely accelerate Thompson’s free agency, as the two sides aren’t expected to take long to reach an agreement.

Reports this week have indicated that Thompson had considered meeting with the Lakers and Clippers if the Warriors didn’t put that five-year offer (worth a projected $189.66MM) on the table right away. However, there has been no indication – even after Thompson tore his ACL – that Golden State was wavering on making that commitment.

According to Wojnarowski, several teams that had Thompson on their wish lists have given up hope on that possibility in recent days, becoming convinced that the sharpshooter will remain in the Bay Area.

An ESPN report this morning suggested that Thompson’s camp might have been using those Los Angeles teams to create leverage to ask the Warriors for a fifth-year player option or a no-trade clause. Stephen Curry didn’t get either of those perks in his own five-year, maximum-salary deal, so Golden State may be reluctant to give them to Thompson. At this point, it’s not clear whether or not Klay’s camp intends to push for either one.

If the Warriors can lock up Thompson, they’ll be halfway to keeping their core intact for the 2019/20 season. The team also reportedly plans to offer a five-year maximum-salary (worth a projected $221MM+) to Kevin Durant.

[UPDATE: Durant has committed to the Nets]

Both Thompson and Durant – who is recovering from a ruptured Achilles – are expected to miss most or all of next season, but would be ready to go for 2020/21.

Photo courtesy of USA Today Sports Images.

Heat Sign Tyler Herro To Rookie Contract

July 10th, 2019 at 5:41pm CST by clarkcrum

The Heat have signed rookie shooting guard Tyler Herro to his rookie contract, the team announced in an official release. Herro, 19, was the No. 13 overall selection in last month’s 2019 NBA Draft.

Because Herro signed for the typical 120% of the rookie-scale (h/t to Ira Winderman of The Sun-Sentinel), he will earn $3,640,200 during his first year in the league and $17,188,836 over the life of the contract. If he ends up being a factor in a potential trade for Russell Westbrook, he can’t be traded for 30 days.

In his lone season at Kentucky, Herro started all 37 games he appeared in while averaging 14.0 points, 4.5 rebounds, and 2.5 assists in 32.6 minutes per game. He was named SEC Newcomer of the Year for his efforts.

As NBA cap expert Albert Nahmad notes (Twitter link), the Heat now have 14 players under contract after Herro’s signing. With a combined salary of $135.8MM, they’re $987K below the hard cap, which is not enough to add another free agent.

This is because while the rookie minimum salary is only $898K, the two-year minimum salary ($1.621MM) is used in place of the salary of a non-drafted rookie when determining a team’s salary in relation to the hard cap.

Celtics Waive Guerschon Yabusele

July 10th, 2019 at 4:02pm CST by Luke Adams

4:02pm: The Celtics have officially waived Yabusele, the team announced this afternoon (via Twitter).

11:08am: The Celtics will release former first-round pick Guerschon Yabusele, reports Chris Haynes of Yahoo Sports (via Twitter).

Yabusele has a $3,117,240 cap hit for the 2019/20 season, per Basketball Insiders, so a team with enough cap room or a trade exception big enough to absorb that number could claim him. Otherwise, he’ll become an unrestricted free agent and the Celtics will be on the hook for that dead money. Boston wouldn’t owe him his $4,781,846 salary for 2020/21, since that’s a team option that has not yet been exercised.

Yabusele, the 16th overall pick in the 2016 draft, remained overseas for a year before joining the Celtics in 2017. The 6’8″ power forward didn’t make much of an impact for the club in his two seasons in Boston, averaging 2.3 PPG and 1.4 RPG in just 6.6 minutes per contest (74 games).

As Keith Smith of RealGM notes (via Twitter), waiving Yabusele will create some extra roster flexibility for the Celtics, who had been projected to have 15 players on guaranteed contracts. The club now has an open regular-season roster spot available for a 15th man.

Warriors Waive Shaun Livingston

July 10th, 2019 at 2:33pm CST by ChrisCrouse

JULY 10: The Warriors have issued a press release to announce that Livingston has officially been waived and thanking him for “immense contributions” to the franchise. Assuming he goes unclaimed, as expected, he’ll clear waivers on Friday.

JULY 9: The Warriors have waived veteran guard Shaun Livingston, reports ESPN’s Adrian Wojnarowski (via Twitter). The move was a necessary one for the hard-capped Dubs, who needed to remove Livingston’s $7.7MM salary from their books before it became fully guaranteed.

Livingston had a $2MM partial guarantee, which the Warriors will stretch across three seasons at a rate of $666K per year. Golden State likely explored moving the 33-year-old in a trade to avoid eating that dead money, but would have had to attach an asset to him to find a taker.

According to Wojnarowski, Livingston is determined to continue his playing career after being cut by Golden State. He’ll clear waivers later this week and will likely be prioritizing contending teams as he seeks a new NBA home.

A member of the Warriors teams that have reached the NBA Finals in each of the last five years, Livingston played a regular rotation role in Golden State, averaging between 15.1 and 19.5 minutes per game in each season since 2014/15. He recorded 4.0 PPG, 1.8 APG, and 1.8 RPG in 64 games in 2018/19.

Here are a few more notes on the Warriors’ contracts and cap situation:

Second-round pick Eric Paschall received a three-year, guaranteed minimum-salary contract, per ESPN’s Bobby Marks (Twitter link). The Warriors used the mid-level exception to give him that third year.
The Warriors also used their mid-level exception to sign Willie Cauley-Stein, who got a two-year, $4.4MM deal with a second-year player option, tweets Shams Charania of The Athletic. That contract is worth a little more than the minimum.
While the Warriors still have some MLE money leftover, they’re unlikely to be able to use it this year. According to Marks (Twitter link), after waiving and stretching Livingston, the team projects to be just $219K below the $138.9MM hard cap once all its moves are complete.

Photo courtesy of USA Today Sports Images. Luke Adams contributed to this post.

Mavs Re-Sign Maxi Kleber To Four-Year Deal

July 10th, 2019 at 12:48pm CST by Luke Adams

JULY 10: The Mavericks have officially re-signed Kleber, per a team release.

The fact that Dallas has made this deal official signals that the club plans to function as an over-the-cap team, forfeiting potential cap room. That will allow Dallas to keep a trade exception worth about $12MM for a possible move down the road, as we detailed in a story earlier today.

JULY 1: The Mavericks have agreed to terms with restricted free agent forward Maxi Kleber, according to Marc Stein of The New York Times, who reports (via Twitter) that Kleber will sign a four-year, $35MM deal.

Tim MacMahon of ESPN.com (Twitter links) pegs the value at $33MM, but says it can be worth up to $35.9MM via incentives. The fourth year of Kleber’s new contract will be a team option, according to Stein (via Twitter).

Kleber, 27, has spent the last two seasons with the Mavericks after playing for teams in his home country of Germany for most of his professional career. In 2018/19, the 6’11” power forward was a regular part of Dallas’ rotation, averaging 6.8 PPG and 4.6 RPG with a .453/.353/.784 shooting line in 71 games (21.2 MPG).

Kleber’s raise won’t impact the Mavs’ ability to continue building their roster. Because he has a very modest cap hold of about $1.82MM, Dallas can keep that hold on its books to maximize its cap flexibility before going over the cap to sign him using his Early Bird rights.

This is the second four-year contract agreement of the day for the Mavs, who struck a similar deal with free agent guard Seth Curry.

Photo courtesy of USA Today Sports Images.

Sixers Re-Sign Tobias Harris To Five-Year Deal

July 10th, 2019 at 12:32pm CST by Luke Adams

JULY 10: The Sixers have officially re-signed Harris, according to NBA.com’s transactions log. The club has now exhausted its cap room for the summer.

JUNE 30: The Sixers and Tobias Harris have reached an agreement on a five-year deal that will pay the free agent forward $180MM, his agent (and father) Torrel Harris of Unique Sports Management tells ESPN’s Adrian Wojnarowski (Twitter link). The contract won’t include a player option, Woj adds (via Twitter).

After making blockbuster mid-season trades for both Harris and Jimmy Butler during the 2018/19 campaign, the Sixers will only retain one of the two, with Butler reportedly headed for the Heat in a sign-and-trade.

However, in Harris, Philadelphia will be bringing back a forward who received All-Star consideration in 2018/19, as he averaged 20.0 PPG, 7.9 RPG, and 2.8 APG on .487/.397/.866 shooting in 82 games for the Clippers and Sixers.

He’ll return to a new-look Sixers team that will feature Josh Richardson and Al Horford. Richardson will reportedly be acquired from Miami via the Butler sign-and-trade, while Horford will sign a four-year contract with Philadelphia as a free agent.

If Harris had signed a maximum-salary deal, it would have been worth approximately $189.9MM, so his annual salaries will come in a little below the max. Still, it’s a significant investment for the Sixers, who already have Joel Embiid under contract on a max deal of his own and may soon sign Ben Simmons to a max extension.

Harris reportedly received interest from the Clippers, Jazz, Nets, and Mavericks, among others, in free agency.

Photo courtesy of USA Today Sports Images.

Thunder Trade Paul George To Clippers

July 10th, 2019 at 12:07pm CST by Luke Adams

JULY 10: Having announced the signing of Leonard earlier today, the Clippers have now officially confirmed their acquisition of George as well.

“Paul George is one of the greatest two-way players in our game,” president of basketball operations Lawrence Frank said in a statement. “He is both an elite scorer and a relentless defender whose versatility elevates any team. When you have the opportunity to acquire a contributor of his caliber, you do what it takes to bring him home. Paul is a native of the Los Angeles area and an ideal fit for the Clippers, thanks to his selflessness and drive. Following the lead of Steve Ballmer, we have plotted an aggressive course to build a championship contender, and acquiring Paul is a critical step.”

The Clippers are now over the cap, and all of the agreed-upon trades of the 2019 offseason (so far) have been officially completed.

JULY 6: In addition to landing No. 1 free agent Kawhi Leonard, the Clippers have reached a stunning trade agreement to acquire All-NBA forward Paul George from the Thunder, reports ESPN’s Adrian Wojnarowski (Twitter link).

According to Wojnarowski (via Twitter), Oklahoma City will receive Shai Gilgeous-Alexander, Danilo Gallinari, and a “massive” haul of future draft picks in exchange for George.

That haul features four unprotected first-round picks, one protected first-rounder, and two pick swaps, Woj reports (via Twitter). The Thunder will receive the following selections, according to Marc Stein of The New York Times (via Twitter):

Heat’s 2021 unprotected first-round pick.
Clippers’ unprotected 2022 first-round pick.
Heat’s 2023 first round pick (top-14 protected).
The right to swap first-round picks with the Clippers in 2023.
Clippers’ unprotected 2024 first-round pick.
The right to swap first-round picks with the Clippers in 2025.
Clippers’ unprotected 2026 first-round pick.

The Clippers held the Heat’s unprotected 2021 first-round pick and will acquire Miami’s 2023 lottery-protected first-rounder as part of the four-team Jimmy Butler sign-and-trade deal. That will allow the Clips to keep their own 2020 and 2021 first-rounders and send out five total picks while satisfying both the Stepien rule (which prohibits teams from leaving themselves without a first-round pick in consecutive future seasons) and the “Seven Year Rule” (which doesn’t allow teams to trade first-rounders more than seven years in advance).

Those extra picks from the Heat pave the way the Clippers to make the biggest one-two punch of the free agent period, with their acquisition of George coming after Leonard had pushed PG13 to find a way to the Clippers, per Wojnarowski (Twitter links).

As Woj details, George approached the Thunder and requested a trade amidst Leonard’s recruiting efforts, leaving Oklahoma City to try to make the best out of a difficult situation. The Thunder did just that, as their haul from the Clippers will land them a veteran on an expiring $22MM contract who was a borderline All-Star in 2019 (Gallinari), one of the most impressive rookies of the 2018 class (Gilgeous-Alexander), and a bounty of future draft picks.

Still, despite securing a huge package for George, the Thunder may not be out of the weeds quite yet. Shams Charania of The Athletic reports (via Twitter) that rival teams have been aware in recent days not just of George’s discontent, but of Russell Westbrook‘s as well. It remains to be seen how Westbrook will feel about the departure of the All-Star teammate that he succeeded in keeping in OKC as a free agent a year ago, but with potential long-term cornerstone Gilgeous-Alexander in the mix at point guard, it wouldn’t be surprising if the former MVP ends up on the trade block as well.

It’s an abrupt change of direction for the Thunder, who expected as recently as last week to be building around Westbrook and George, according to Brett Dawson of The Athletic (Twitter link). As Dawson observes, even this week’s free agent agreements with veterans like Alec Burks and Mike Muscala suggest that Oklahoma City was looking to fortify its current core rather than blow it up. It will be fascinating to see what the team’s next move is.

For now though, the Clippers will steal the headlines, having delivered an incredible counter-punch to their Staples Center cohabitants after the Lakers reached a deal last month to acquire Anthony Davis.

The Clippers are giving up a ton to acquire George, but it’s unlikely that they would have gotten a commitment from Leonard without making the deal, according to Wojnarowski, who tweets that the Clippers recognized that they had to pull the trigger, lest they risk allowing the Lakers to steal Leonard and create a powerhouse.

In George, the Clippers will add a 29-year-old who is coming off his best season as a pro, averaging 28.0 PPG, 8.2 RPG, 4.1 APG, and a league-best 2.2 SPG in 77 games (36.9 MPG) for the Thunder. The six-time All-Star, who is recovering from undergoing procedures on his shoulders at season’s end, finished third in MVP voting in 2019.

He’ll team up with Leonard to lead a roster that also features Lou Williams, Patrick Beverley, Montrezl Harrell, Landry Shamet, Rodney McGruder, Maurice Harkless, Jerome Robinson, and potentially RFA Ivica Zubac.

It’ll be a homecoming for George, a Southern California native who grew up as a Clippers fan, as Fred Katz of The Athletic notes (via Twitter). George had a 15% trade bonus on his contract, which runs through 2020/21 with a 2021/22 player option, but because trade bonuses can’t push a player’s salary beyond his maximum, it’ll be voided, tweets ESPN’s Bobby Marks.

The Clippers will officially acquire George after signing Leonard using their cap room, since the club will be matching salaries as an over-the-cap team in the trade, Marks adds (via Twitter).

Photos courtesy of USA Today Sports Images.

Mavericks Sign Seth Curry To Four-Year Contract

July 10th, 2019 at 12:02pm CST by JD Shaw

JULY 10: The Mavericks have officially signed Curry, the club announced today in a press release.

As we detailed earlier today, Dallas could use either cap room or the mid-level exception for over-the-cap teams to sign Curry.

JULY 1: Free agent guard Seth Curry has agreed to a contract with the Mavericks, according to ESPN’s Adrian Wojnarowski (Twitter link).

The agreement between the sides is a four-year deal worth $32MM, Marc Stein of the New York Times reports. Curry can officially sign his contract once the moratorium period ends on July 6.

Curry is coming off an impressive season with Portland, averaging 7.9 points in 18.9 minutes per game. He has been one of the NBA’s best three-point shooters in recent years, making 45.0% of his outside shots in 2018/19 to increase his career rate to 43.9%.

The terms of Curry’s deal will allow the Mavericks to remain flexible. If the team decides to make use of its cap room, Curry’s signing can be completed using space. If Dallas opts to stay over the cap and make use of its $21MM trade exception, Curry’s deal could fit into the mid-level exception.

The Mavericks remain interested in free agent Danny Green, Stein adds in a separate tweet, but Green is determined to wait on Kawhi Leonard‘s decision before making a choice on where to sign.

Luke Adams contributed to this post.

Sixers Sign Al Horford To Four-Year Deal

July 10th, 2019 at 11:23am CST by Luke Adams

JULY 10: The Sixers have made it official, announcing the signing of Horford today in a press release.

“We’re excited to welcome one of the NBA’s best frontcourt players in Al Horford to Philadelphia,” GM Elton Brand said in a statement. “He has built his reputation around hard work and a tradition of winning, which are the same qualities that have formed the foundation of the 76ers. Al’s playmaking, elite defensive talents and veteran leadership confirm why he is a crucial addition to our roster. We have gained a championship-level teammate that will not only complement our current makeup, but will help grow our young core as we strive for the highest level of success.”

JUNE 30: The Sixers have revealed themselves as Al Horford‘s mystery suitor, having reached an agreement with the free agent big man on a four-year, $109MM deal, agent Jason Glushon tells ESPN’s Adrian Wojnarowski (Twitter link).

According to Wojnarowski (via Twitter), Horford’s four-year pact will actually include $97MM in guaranteed money, with $12MM in bonuses linked to potential championships.

[UPDATE: New details on structure of Horford’s contract]

The Sixers’ deal with Horford is the latest big move in a day full of them for the team. J.J. Redick is headed to New Orleans, and Jimmy Butler is Miami-bound, but the 76ers agreed to re-sign Tobias Harris and will add Josh Richardson in the process of signing-and-trading Butler to the Heat. The club now projects to have a potential starting five made up of Harris, Richardson, Horford, Ben Simmons, and Joel Embiid.

Horford, 33, averaged 13.6 PPG, 6.7 RPG, and 4.2 APG on .535/.360/.821 shooting in 68 games (29.0 MPG) last season for the Celtics. However, his value extends beyond his numbers — he’s a strong defender who is capable of protecting the rim or switching onto perimeter players, and he keeps opposing defenses on their toes with his ability to pick and pop.

It will be interesting to see how Horford fits alongside Embiid in the Sixers’ frontcourt. While Horford is more of a center, he showed in Boston that he could play next to another center, as the C’s often used a Horford/Aron Baynes combination up front.

Horford had a player option for 2019/20 with the Celtics worth approximately $30MM, but decided to turn down that option in search of a longer-term deal. Rumors quickly began circulating about a four-year, $100MM+ deal for Horford, though it wasn’t clear which team was prepared to offer that sort of deal. The Mavericks, Kings, Pelicans, and Clippers were named as possible Horford suitors, but it was the Sixers that landed him.

According to Keith Smith of RealGM (via Twitter), Wojnarowski said during an appearance on ESPN that the Celtics – who managed to retain Horford’s Bird rights by agreeing to acquire Kemba Walker via sign-and-trade, were willing to go up to four years, but the gap in guaranteed money compared to Philadelphia’s offer was too significant.

Photo courtesy of USA Today Sports Images.

Wizards Sign Isaiah Thomas

July 10th, 2019 at 11:12am CST by Dana Gauruder

JULY 10: The Wizards have officially signed Thomas, the team announced today in a press release.

“This is an ideal fit for both us and Isaiah” Wizards interim head of basketball operations Tommy Sheppard said in a statement. “He is eager to show he has regained the form that made him one of the most effective and unique players in the league and we can provide the opportunity to allow him to do so within the framework of our team concept. We value his leadership and experience.”

JULY 1: Isaiah Thomas has agreed to sign a one-year contract with the Wizards, ESPN’s Adrian Wojnarowski tweets. Thomas will receive the veteran’s minimum, Candace Buckner of the Washington Post tweets.

It’s the latest attempt by Thomas to resurrect his career after two lost seasons. He averaged a career-best 28.9 PPG in 2016/17 season with the Celtics but hasn’t been the same since hip surgery. He appeared in just 12 games with the Nuggets last season, averaging 8.1 PPG and 1.9 APG in 15.1 MPG.

He’s the second diminutive point man that has decided to join Washington next season. Ish Smith, formerly of the Pistons, reached a two-year deal with the Wizards. John Wall is expected to miss most of next season after rupturing his Achilles in February.

The team also agreed to move Tomas Satoransky, who played a lot of point guard in Wall’s absence, to the Bulls in a sign-and-trade.