Transactions Rumors | Hoops Rumors

J.J. Redick Signs Two-Year Deal With Pelicans

July 15th, 2019 at 5:17pm CST by Luke Adams

JULY 15, 517pm: Redick’s contract signing is official, according to a team press release.

JUNE 30, 5:03pm: The Pelicans have reached an agreement with veteran sharpshooter J.J. Redick, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that Redick will sign a two-year, $26.5MM deal with the club.

It’s a savvy addition for a Pelicans club that looks more intriguing by the day. While the team has added a boatload of talent so far this offseason – including Zion Williamson, Jaxson Hayes, Lonzo Ball, and Brandon Ingram – the roster was still lacking in floor-spacers. Redick will provide that spacing in spades.

Redick, who is entering his age-35 season, is a career 41.3% shooter from beyond the three-point line. Last season in Philadelphia, he averaged a career-best 18.1 PPG and knocked down a career-high 3.2 threes per game at a 39.7% rate.

While the Sixers will lose Redick, they’ve recovered nicely tonight, agreeing to terms with Al Horford and setting up a sign-and-trade deal involving Jimmy Butler that will send Josh Richardson to Philadelphia.

Meanwhile, the Pelicans still have cap room after committing to Redick, but appear set to use most of the rest of it to acquire Derrick Favors from Utah.

Photo courtesy of USA Today Sports Images.

Pelicans Waive Christian Wood

July 15th, 2019 at 4:23pm CST by Dana Gauruder

The Pelicans have waived power forward/center Christian Wood, Shams Charania of The Athletic tweets.

Wood had a non-guaranteed $1,645,357 salary, of which $822,679 would have become guaranteed if he was on the opening-day roster. The Pelicans now have 13 players with fully guaranteed contracts and two others with non- or partial guarantees.

The Bucks waived Wood in March and the Pelicans claimed him. Wood saw spot duty in 13 games with Milwaukee. He played eight games with New Orleans, including two starts, and averaged 16.9 PPG and 7.9 RPG.

By letting go of Wood, New Orleans opens up a spot for Italian power forward Nicolo Melli, who agreed to a two-year contact in late June.

Cavaliers Waive J.R. Smith

July 15th, 2019 at 4:03pm CST by Luke Adams

4:03pm: Despite their best efforts to find a favorable trade involving Smith, the Cavaliers came up empty and have waived the veteran shooting guard, tweets Shams Charania of The Athletic. Smith, who will receive his $4.37MM partial guarantee from the Cavs, is on track to clear waivers on Wednesday.

8:46am: Barring a last-minute trade, the Cavaliers are expected to waive J.R. Smith today, reports Joe Vardon of The Athletic (Twitter link).

As ESPN’s Bobby Marks details (via Twitter), Smith’s $15.68MM salary for 2019/20 is currently guaranteed for $4.37MM. That partial guarantee would increase to $5.12MM if he remains under contract beyond today. His deal would become fully guaranteed if he’s not waived by July 31.

By cutting Smith today, the Cavs could slip about $2.85MM below the luxury tax line, assuming they stretch his partial guarantee across three seasons, Marks notes (via Twitter).

Smith, who turns 34 in September, hasn’t appeared in an NBA game since last November, having reached an agreement to part ways with the rebuilding Cavaliers. However, Cleveland chose not to release him until now because his contract – signed under the old CBA – had the potential to be used in a trade with a team looking to create cap flexibility.

In an article published in March, we explained the appeal of Smith’s partially guaranteed deal, while also outlining why its value as a trade chip may be limited due to the Cavs’ proximity to the tax threshold for 2019/20.

Smith’s contract was originally scheduled to become fully guaranteed on June 30, but he agreed to push his guarantee deadline back in exchange for a slight increase to his partial guarantee. As we relayed over the weekend, Cleveland still had no luck finding a taker for him on the trade market.

Assuming Smith is officially released today, he’ll clear waivers on Wednesday and will become an unrestricted free agent at that point.

Photo courtesy of USA Today Sports Images.

Wizards Sign Justin Robinson

July 15th, 2019 at 3:34pm CST by Luke Adams

As expected, the Wizards have signed undrafted rookie Justin Robinson to an NBA contract. The signing is listed in NBA.com’s transactions log, confirming that it’s now official. Shams Charania of The Athletic first reported Robinson’s agreement with Washington after the draft, tweeting that it would be a multiyear deal.

While the exact terms of Robinson’s contract aren’t yet known, I’d expect it to be worth the minimum salary. Still, using the mid-level exception, the Wizards could offer up to four years. Charania also noted last month that the deal would feature a “substantial” guarantee.

A 6’2″ guard, Robinson averaged 13.5 PPG, 5.0 APG, and 3.2 RPG with a .418 3PT% in 24 games in his senior season at Virginia Tech. He ranked 12th on Jonathan Givony’s list of undrafted prospects at ESPN.com.

If Charania is right that Robinson signed a multiyear deal with a “substantial” guarantee, that suggests the team doesn’t necessarily view him as a prospect who will be released to join the Capital City Go-Go as an affiliate player after attending camp with Washington.

The Wizards currently project to have 13 players on guaranteed contracts, so perhaps Robinson will fill one of the final two roster spots on the 15-man squad when the regular season begins.

Jazz Sign Second-Rounder Miye Oni

July 15th, 2019 at 1:45pm CST by Luke Adams

The Jazz have officially signed No. 58 overall pick Miye Oni to his first NBA contract, the team announced today in a press release.

Terms of Oni’s new contract aren’t yet known. Five of the players selected before the Yale guard in the second round of this year’s draft have signed (or agreed to sign) two-way contracts, but it doesn’t appear that 2019’s Ivy League Player of the Year received a two-way deal. A minimum-salary pact without multiple guaranteed seasons seems likely.

[RELATED: 2019 NBA Draft Pick Signings]

Oni, who turns 22 next month, averaged 17.1 PPG, 6.3 RPG, and 3.6 APG with a .441/.371/.793 shooting line in his junior year at Yale before declaring for the 2019 draft as an early entrant. The Jazz sent $2MM in cash to the Warriors in a draft-night trade in order to acquire his rights.

Oni was one of three players Utah drafted in the back half of the second round. Jarrell Brantley (No. 50) and Justin Wright-Foreman (No. 53) remain unsigned.

Celtics Sign Vincent Poirier

July 15th, 2019 at 11:52am CST by Arthur Hill

JULY 15: Poirier has officially signed with the Celtics, per NBA.com’s transactions log. Baskonia also issued a press release confirming that the Spanish team has parted ways with Poirier.

JULY 2: French center Vincent Poirier has agreed to a two-year contract with the Celtics, tweets Shams Charania of The Athletic. He will sign for the veteran’s minimum, according to Brian Robb of The Boston Sports Journal (Twitter link).

Poirier, 25, played for Baskonia in Spain this season and was the EuroLeague’s leading rebounder at 8.3 per game. He told reporters in March that he had received interest from several NBA teams.

Poirier will add some frontcourt depth to the Celtics, who will lose Al Horford in free agency and are trading Aron Baynes to the Suns. Boston reached a deal on Sunday with Enes Kanter, who presumably will be the new starting center.

Pacers Sign Goga Bitadze To Rookie Contract

July 15th, 2019 at 11:47am CST by Luke Adams

The Pacers have officially signed first-round pick Goga Bitadze to his rookie contract, tweets Scott Agness of The Athletic. NBA.com’s transactions log confirms that the move has been finalized.

A Georgian-born center, Bitadze was the 18th overall pick in last month’s draft and was the second international player to come off the board, behind Sekou Doumbouya.

Bitadze’s selection raised some eyebrows, since the Pacers already had centers Myles Turner and Domantas Sabonis on their roster. However, with Turner and Sabonis expected to start alongside one another in Indiana’s frontcourt, Bitadze is in position to earn rotation minutes as a backup at the five.

Assuming he signed for the maximum allowable 120% of the rookie scale, Bitadze will earn about $2.82MM in his rookie year, and a total of approximately $13.64MM over the life of his four-year contract.

As our draft pick signing tracker shows, Chuma Okeke of the Magic is now the only first-round pick who has yet to sign his rookie contract.

Admiral Schofield Signs Rookie Deal With Wizards

July 14th, 2019 at 10:11am CST by Dana Gauruder

JULY 14: Schofield’s signing is official, the Wizards confirmed on Twitter.

JULY 12: Second-round pick Admiral Schofield has agreed to a three-year contract with the Wizards, Shams Charania of The Athletic tweets.

The Wizards acquired the 6’5” Schofield in a draft-night deal with the Sixers. The University of Tennessee product averaged 16.5 PPG and 6.1 RPG in 31.8 MPG during his senior year. He shot 38.7% from long range during his four years with the Vols.

He has averaged 8.0 PPG in 20.8 MPG during four summer league in Las Vegas. He’ll likely spend most of his rookie campaign in the G League with the Capital City Go-Go.

Celtics Sign Carsen Edwards

July 14th, 2019 at 10:07am CST by marksuleymanov

JULY 14: Edwards has officially signed, the Celtics announced in a press release.

JULY 13: The Celtics have agreed to a four-year deal with their 2019 second-round draft pick Carsen Edwards, according to Adam Himmelsbach of The Boston Globe. Edwards’ contract, which guarantees him $4.5MM in salary, is for three seasons with the fourth season being a team option.

As Himmelsbach notes, it’s not overly common for second-round picks to receive three guaranteed seasons but the Celtics are high on the former Purdue standout. Edwards, selected 33rd overall, has also played well during the NBA Summer League, averaging 18.0 PPG on 52% shooting in four contests.

In his junior season at Purdue, the 21-year-old Houston native averaged 24.3 PPG and 3.6 RPG in 36 games.

Lakers Sign Talen Horton-Tucker

July 13th, 2019 at 4:57pm CST by Arthur Hill

Second-round pick Talen Horton-Tucker has signed with the Lakers, tweets Ohm Youngmisuk of ESPN. Horton-Tucker was selected 46th overall with a pick that was acquired from the Magic in a draft-night trade.

Because L.A. is over the cap, the team isn’t able to able to sign Horton-Tucker past two years, notes Bobby Marks of ESPN (Twitter link). The maximum he could earn on his new deal is $898,310 as a rookie and $1,517,981 in 2020/21.

A 6’4″ swingman, Horton-Tucker averaged 11.8 points, 4.9 rebounds and 2.3 assists during his only season at Iowa State.