Transactions Rumors | Hoops Rumors

Spurs Sign Forward Trey Lyles

July 12th, 2019 at 5:41pm CST by Luke Adams

JULY 12, 5:41pm: The signing is official, according to a team press release.

JULY 11, 6:39pm: The Spurs have reached a contract agreement with free agent forward Trey Lyles, reports ESPN’s Adrian Wojnarowski (via Twitter). It’ll be a two-year deal, according to Shams Charania of The Athletic (Twitter link). Jabari Young of The Athletic adds (via Twitter) that it’ll be worth about $11MM in total.

Lyles will be joining the Spurs in place of Marcus Morris, who tentatively agreed to a two-year, $19MM contract with San Antonio but will instead be signing a one-year, $15MM deal with New York. Wojnarowski suggests that the Spurs pulled their offer to Morris, but the veteran forward had reportedly been re-evaluating his options for at least a couple days.

Lyles is coming off a down year in Denver, having posted just 8.5 PPG and 3.8 RPG with a shooting line of .418/.255/.698 in 64 games (17.5 MPG). However, he flashed promising stretch-four potential in 2017/18, when he posted marks of 9.9 PPG and 4.8 RPG on .491/.381/.706 shooting.

The Nuggets originally tendered him a qualifying offer, but rescinded that QO after they acquired Jerami Grant in a trade with the Thunder, making Lyles an unrestricted free agent.

The Spurs had initially planned on signing DeMarre Carroll using their mid-level exception, but restructured that agreement to acquire Carroll via sign-and-trade, sending Davis Bertans to Washington and opening up the full mid-level for Morris. With that deal no longer happening, I’d expect Lyles to be signed using some of that MLE, though specific terms aren’t yet known.

Lyles may not provide the same sort of immediate impact that Morris would have, but he’s still just 23 years old and his ’17/18 performance suggests he has room to improve.

Photo courtesy of USA Today Sports Images.

Clippers Re-Sign Patrick Beverley

July 12th, 2019 at 2:06pm CST by Arthur Hill

JULY 12: The Clippers have officially re-signed Beverley, the team announced today in a press release. While agreeing to terms with Beverley was one of the club’s first moves of free agency last week, it was far from the last — L.A. has since acquired Leonard and Paul George while also reaching new deals with Ivica Zubac, Rodney McGruder, and JaMychal Green.

JULY 1: Patrick Beverley will remain with the Clippers on a three-year, $40MM deal, tweets ESPN’s Adrian Wojnarowski. It’s the exact contract that Beverley was rumored to be seeking in a report earlier this week.

Beverley was among the most highly sought after guards on the free agent market, with the Mavericks, Lakers, Bulls and Kings among the teams expressing interest.

Re-signing Beverley won’t affect the Clippers’ ability to get a deal done with Kawhi Leonard, notes Eric Pincus of Basketball Insiders (Twitter link), who observes that they can still add Leonard to the roster without needing to trade Danilo Gallinari.

The Clippers made it a priority to keep Beverley, who was an inspirational leader for the team, along with a dogged defender. He missed nearly all of the 2017/18 season after being acquired from Houston in the Chris Paul deal, but bounced back strong this year, posting a 7.6/5.0/3.8 line in 78 games.

Photo courtesy of USA Today Sports Images.

Mavs Re-Sign Kristaps Porzingis To Five-Year Max Deal

July 12th, 2019 at 10:44am CST by Luke Adams

JULY 12: Porzingis’ new deal with the Mavericks is now official, the team announced today in a press release.

JUNE 30: The Mavericks and Porzingis quickly reached agreement on a five-year, maximum-salary contract when free agency opened, tweets Marc Stein of The New York Times. According to Tim MacMahon of ESPN.com (Twitter link), the deal is fully guaranteed, and the Mavs didn’t push for any injury protection or incentives.

Porzingis’ new deal will be worth $158,253,000.

JUNE 25: The Mavericks will meet with Kristaps Porzingis when free agency opens on June 30, according to Shams Charania of The Athletic, who reports (via Twitter) that the team intends to offer a full maximum-salary contract to its top restricted free agent.

Based on current cap projections, a five-year max deal for Porzingis would work out to just over $158MM.

The Mavericks were always expected to be aggressive with Porzingis in free agency, despite the fact that he missed the entire 2018/19 season due to an ACL tear. Dallas surrendered a handful of assets – including multiple first-round picks – and took on a pair of multiyear contracts in order to acquire Porzingis from the Knicks prior to this year’s trade deadline.

The club’s intent was to build around KP and Luka Doncic, and it looks like that plan remains very much on track. According to Chris Mannix of SI.com (via Twitter), Porzingis has forged a strong connection with Doncic since arriving in Dallas and has enjoyed his experience with team owner Mark Cuban.

While Porzingis hasn’t played since 2017/18, he looked excellent during that season, averaging 22.7 PPG, 6.6 RPG, and 2.4 BPG with a .439/.395/.793 shooting line in 48 games for the Knicks, earning his first All-Star nod. He’s expected to be fully healthy for the 2019/20 season.

The fact that the Mavericks are prepared to make a substantial long-term investment in Porzingis suggests that the team may not believe the rape accusation he’s facing is fully credible. After dealing with allegations of sexual misconduct in the workplace last year, the franchise figured to be extra cautious as it navigated the Porzingis case.

Although Porzingis’ starting salary on a max deal projects to be worth more than $27MM, the Mavs can retain some extra cap flexibility by not officially completing the deal right away. Until it’s finalized, KP’s cap hold will be just $17MM, creating an extra $10MM in cap room for the club, which currently projects to have close to $30MM in space. Once that space is used, Dallas can go over the cap to re-sign Porzingis.

The Mavs have also officially tendered Porzingis his qualifying offer, ensuring that he’ll be a restricted free agent, per RealGM’s transactions log.

Photo courtesy of USA Today Sports Images.

Sixers Sign Raul Neto

July 12th, 2019 at 8:10am CST by Arthur Hill

JULY 12: The Sixers have officially signed Neto to his new contract, the team announced today in a press release.

“By adding Raul to our roster, we’ve gained an experienced and valuable veteran who is a tremendous passer with great court vision,” GM Elton Brand said in a statement. “We’re fortunate that he’s now a member of the 76ers and we’re eager to integrate him into our team.”

JULY 3: Raul Neto, who was waived Sunday by the Jazz, will sign with the Sixers when the moratorium lifts on Saturday, tweets Eric Woodyard of The Deseret News. It will be a one-year deal at the veteran’s minimum, according to Shams Charania of The Athletic (Twitter link).

Utah had to get rid of Neto’s $2.15MM salary to open enough cap space to complete a trade with Memphis for Mike Conley. Neto’s contract for next season would have become fully guaranteed on July 6.

Neto, 27, had spent his entire four-year career with the Jazz after they acquired his draft rights from the Hawks. He has been a valuable backup point guard at times, but has only played 40, 41 and 37 games the past three seasons. He averaged 5.3 points and 2.5 assists this year in about 13 minutes per night.

The Sixers need a new point guard off their bench after losing free agent T.J. McConnell, who will sign with the Pacers.

Sixers Re-Sign James Ennis To Two-Year Deal

July 12th, 2019 at 7:38am CST by Luke Adams

JULY 12: Ennis, who expressed his confidence in the Sixers’ 2019/20 outlook earlier this week, has now officially signed his new deal with the team, per a press release.

“We are excited to welcome James back to the 76ers,” GM Elton Brand said in a statement. “James had opportunities elsewhere, but he is determined to win here in Philadelphia. That’s the type of competitor he is, and it shows how much he cares about our fans and team. His heart, hustle and playmaking were integral to our success last season and we’re thrilled to have him back.”

JULY 2: Free agent swingman James Ennis has agreed to return to the Sixers on a two-year, $4.1MM deal, reports Shams Charania of The Athletic (Twitter link). The deal features a second-year player option, according to Charania, who adds that Ennis turned down bigger offers to stay in Philadelphia.

Ennis, who celebrated his 29th birthday on Monday, joined the 76ers in a midseason trade after beginning the 2018/19 season in Houston. In a total of 58 games for the two clubs, he averaged 6.7 PPG and 3.1 RPG on .469/.353/.716 shooting, serving as a three-and-D option.

Reports indicated that the Knicks, Lakers, and Clippers were among the teams that had interest in Ennis this week. A source told Hoops Rumors’ JD Shaw that the Bulls, Spurs, and Mavericks also had interest.

However, Ennis, who told Hoops Rumors last month that he’d “love to come back” to the Sixers, will do just that — Charania suggests that the opportunity to play for a championship contender appealed to the veteran free agent.

It’s not clear whether Ennis’ deal will be a minimum-salary pact or if the Sixers will use their last bit of remaining cap room to complete the deal. A two-year deal at the minimum would be worth $4,012,890, so that seems like a strong possibility.

While Philadelphia lost Jimmy Butler and J.J. Redick in free agency, the team has done a good job filling out its roster with both impact players and role players. Tobias Harris, Mike Scott, and Ennis will be back, and will be joined by new additions like Al Horford, Josh Richardson, and Kyle O’Quinn.

Photo courtesy of USA Today Sports Images.

Celtics Sign Grant Williams, Romeo Langford

July 11th, 2019 at 10:40pm CST by ChrisCrouse

The Celtics have signed Romeo Langford and Grant Williams, according to a team press release.

Langford was the No. 14 overall pick in this year’s draft. The wing spent one year at Indiana, where he scored 16.5 points per game on 44.8% shooting. He’ll make approximately $3.46MM in the first year of his rookie deal, assuming he signed for the typical 120% of the rookie scale.

Williams spent three seasons at Tennessee and was selected with the no. 22 overall pick in this year’s draft. During his junior season, he scored 18.5 points and swatted 1.5 blocks per game. The big man will make roughly $2.38MM during the 2019/20 season, assuming he also signed for the typical 120% of the rookie scale.

Bucks Re-Sign Khris Middleton

July 11th, 2019 at 7:28pm CST by JD Shaw

JULY 11: Middleton’s new deal with the Bucks is now official, the team confirmed today in a press release.

“Khris is a critical piece of our core,” GM Jon Horst said in a statement. “As an All-Star, Khris was an integral part of us winning 60 games and advancing to the Eastern Conference Finals. He has also established himself as a leader on our team both on the court and in the community. We’re thrilled Khris is staying in Milwaukee and look forward to even more success together.”

JUNE 30: Free agent Khris Middleton will re-sign with the Bucks on a five-year, $178MM contract, according to ESPN’s Adrian Wojnarowski (Twitter link). The deal is expected to include a player option in the final season.

Middleton, 27, is coming off a season where he averaged 18.3 points, six rebounds and 4.3 assists per game, shooting 44% from the field and 38% from 3-point range. He was a key contributor to the Bucks’ success last season, helping the team reach the Eastern Conference Finals.

Middleton was eligible to receive a maximum salary of $189,903,600 on a five-year contract, so the Bucks will get a slight discount below that rate. Milwaukee is still paying him more than he could have received from any other team — a rival suitor’s offer would have maxed out at around $141MM over four years.

Milwaukee is also expected to re-sign center Brook Lopez to a four-year, $52MM deal, as reported by Wojnarowski. The team will bring back veteran guard George Hill as well, agreeing to re-sign him to a three-year, $29MM deal after waiving him to avoid a $17MM guarantee for 2019/20.

While the Bucks did well to lock up most of their key free agents, Malcolm Brogdon won’t be back. The Bucks have reportedly agreed to a sign-and-trade to send Brogdon to the Pacers, who will pay him $85MM over four years. Milwaukee will get back multiple draft picks, including a first-rounder, in exchange for Brogdon.

The Bucks are on track to stay out of the tax with Brogdon out of the picture. The team could use its $4.8MM room exception to add another rotation piece.

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

Tyus Jones Officially Joins Grizzlies After Wolves Decline To Match Offer Sheet

July 11th, 2019 at 7:27pm CST by Luke Adams

JULY 11: Jones’ contract with the Grizzlies is now official, per a press release from the team.

JULY 9: The Timberwolves have opted not to match Tyus Jones‘ three-year offer sheet with the Grizzlies, reports ESPN’s Adrian Wojnarowski (via Twitter). The decision, which was due by midnight eastern time, will pave the way for the restricted free agent to finalize his deal with Memphis and become the newest member of the Grizzlies’ backcourt.

Gersson Rosas, the Wolves’ new president of basketball operations, has issued a statement confirming that the Wolves will let Jones join the Grizzlies, as Darren Wolfson of SKOR North relays (via Twitter).

“We sincerely thank Tyus for his contributions on the court and Tyus and the entire Jones family for their genuine impact on the Twin Cities community,” Rosas said. “We wish them nothing but the best in Memphis.”

Jones became the first restricted free agent of the 2019 offseason to sign an offer sheet on Sunday. It’s the second consecutive year that the Grizzlies have used their mid-level exception to poach an RFA from a Western Conference rival — they did so with Spurs forward Kyle Anderson a year ago.

Jones, 23, averaged 6.9 PPG, 4.8 APG, and 1.2 SPG last year in 68 games (22.9 MPG) for Minnesota. While his numbers don’t jump off the page, he’s a solid defender who grades out well analytically. He’ll join a Grizzlies point guard rotation that figures to feature a heavy dose of No. 2 overall pick Ja Morant, along with newly-acquired youngster De’Anthony Melton. Memphis sent longtime point guard Mike Conley to Utah and signed-and-traded Delon Wright to Dallas earlier this offseason.

According to Bobby Marks of ESPN.com (via Twitter), Jones’ three-year deal has a first-year base value of $8.4MM with $850K in likely bonuses. It has a descending structure but can be worth close to $27MM in total. The former Duke Blue Devil told Sean Deveney this week that he’s “excited” to join the Grizzlies, and hopes to help establish a winning culture in Memphis (Twitter link).

As Marks notes, the Timberwolves – having just claimed Tyrone Wallace on waivers – would have been slightly over the tax line if they had matched Jones’ offer sheet. Additionally, the Wolves are pursuing maximum-salary cap room in 2020 and adding Jones’ multiyear deal to their books would’ve complicated that goal, tweets Wojnarowski.

With Jones and departed free agent Derrick Rose out of the picture, Minnesota has Jeff Teague, Shabazz Napier, and Wallace in the mix at point guard. The team may continue to explore its options to fortify the position.

Now that Jones is off the board, only one restricted free agent – Kelly Oubre of the Suns – remains on the market.

Photo courtesy of USA Today Sports Images.

Jonas Valanciunas Re-Signs With Grizzlies

July 11th, 2019 at 7:22pm CST by Arthur Hill

JULY 11: The Grizzlies have officially re-signed Valanciunas, the team announced today in a press release.

JUNE 30: The Grizzlies and Jonas Valanciunas have agreed to terms on a three-year, $45MM deal, tweets ESPN’s Adrian Wojnarowski.

According to Chris Herrington of The Daily Memphian (via Twitter), the contract will have a descending structure, so it will likely start around $16MM. Wojnarowski first reported (via Twitter) several hours before free agency began that Valanciunas would be staying in Memphis on a three-year, $45MM deal.

The Grizzlies acquired the 27-year-old center in a February trade that sent Marc Gasol to Toronto. Valanciunas put up career-best number in 19 games with Memphis, averaging 19.9 points and 10.7 rebounds per night.

The fifth pick in the 2011 draft, Valanciunas was part of the Raptors’ foundation for six and a half years before being traded. Earlier this month, he opted out of a $17,617,976 salary for next season.

At three years, Valanciunas’ new contract will expire before the Grizzlies’ next deal for Jaren Jackson Jr., notes Chris Herrington of The Daily Memphian (Twitter link).

Photo courtesy of USA Today Sports Images.

Heat Sign Chris Silva To Exhibit 10 Deal

July 11th, 2019 at 7:15pm CST by ChrisCrouse

The Heat have signed Chris Silva to an Exhibit 10 deal, according to a team press release. The forward has been playing for the franchise’s Summer League team in Las Vegas.

Silva was not selected in the 2019 draft out of South Carolina, though he did work out for the team during the pre-draft process. He spent four years at the University, earning All-SEC First Team honors as a senior.

Miami also announced that it has signed Jeremiah Martin to a similar deal. It was reported after the draft that the guard would join the Heat on an Exhibit 10 pact.