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Wolves Promote Naz Reid To Standard Contract

July 18th, 2019 at 10:56am CST by Luke Adams

After signing Naz Reid to a two-way contract earlier this month, the Timberwolves have negotiated a new deal with the undrafted rookie, per president of basketball operations Gersson Rosas. According to Rosas, Minnesota has inked Reid to a new standard multiyear contract (Twitter link via Jon Krawczynski of The Athletic).

Per Krawczynski and Shams Charania of The Athletic (Twitter link), Reid signed a four-year, minimum-salary deal with a guaranteed first year. The Timberwolves used a portion of their mid-level exception to complete the signing.

Reid, who declared for the draft after his freshman year at LSU, wasn’t selected on draft night in June, but quickly reached an agreement to join the Wolves on a two-way deal. That contract would have limited him to 45 days on Minnesota’s regular season roster, with the rest of his time spent in the G League. By signing a standard contract, Reid can be assigned to – and recalled from – the Iowa Wolves at any time, with no restrictions.

Reid’s strong showing at this month’s Las Vegas Summer League contributed to the Wolves’ decision to move him out of his two-way slot and onto their projected regular-season roster. The youngster averaged 11.9 PPG, 5.4 RPG, and 2.0 APG in seven games (18.6 MPG) in Vegas.

Minnesota now once again has two open two-way contract slots.

Raptors Sign Rondae Hollis-Jefferson To One-Year Deal

July 18th, 2019 at 10:03am CST by ChrisCrouse

JULY 18: The Raptors have officially signed Hollis-Jefferson, the team announced today in a press release.

JULY 8: Hollis-Jefferson’s deal with the Raptors will be worth the minimum, tweets Blake Murphy of The Athletic.

JULY 7: Free agent forward Rondae Hollis-Jefferson will join the Raptors on a one-year deal, Shams Charania of The Athletic tweets.

Hollis-Jefferson, 24, spent the first four years of his NBA career in Brooklyn after being selected with the 23rd overall pick in 2015. While he’s a strong defender and can make some plays on offense, his shooting percentages bottomed out in 2018/19, as he made just 41.1% of his attempts from the floor and 18.4% from beyond the arc in 59 games.

Hollis-Jefferson never appeared to be in the Nets’ long-term plan, as the franchise previously withdrew his qualifying offer and renounced his rights, making him an unrestricted free agent. RHJ will have an opportunity to rebuild his stock and hit the market again next summer.

Since losing Kawhi Leonard (and Danny Green), Toronto has focused on adding younger wings with potential upside on low-cost deals. In addition to Hollis-Jefferson, the team agreed to sign former top-10 pick Stanley Johnson.

The Raptors also agreed to a three-year deal with Matt Thomas, which will use part of the team’s mid-level exception. Depending on the value of Hollis-Jefferson’s new contract, he could also be signed using some of Toronto’s MLE.

Photo courtesy of USA Today Sports Images.

Bulls Sign Luke Kornet

July 17th, 2019 at 7:30pm CST by ChrisCrouse

JULY 17: The deal is official, Charania tweets. It is fully guaranteed for both seasons with a total value of $4.5MM.

JULY 2: The Bulls will bring in Luke Kornet, Shams Charania of The Athletic tweets. The pact will be for two seasons.

Chicago will get a chance to further develop the 23-year-old big man. Kornet saw action in 46 games for the Knicks last season, starting 18. He also spent time on their G League squad, averaging 18.8 PPG, 8.8 RPG, and 3.6 APG with a blistering .514/.485/.730 shooting line in 11 games for the Westchester Knicks.

The Bulls have had an eventful offseason, adding Thaddeus Young and Tomas Satoransky over the past 48 hours. It’s unclear how much opportunity Kornet will see in Chicago, as the team has a full roster of bigs, led by Wendell Carter Jr.. and Lauri Markkanen

Suns Sign Frank Kaminsky To Two-Year Deal

July 17th, 2019 at 6:15pm CST by Luke Adams

JULY 17: The signing is official, the Suns announced on Twitter.

JULY 1: The Suns and free agent big man Frank Kaminsky have reached an agreement on a two-year deal worth approximately $10MM, tweets Adrian Wojnarowski of ESPN.

Phoenix is expected to complete the signing using the team’s $4.8MM room exception after using up all of its cap space to sign Ricky Rubio to a three-year, $51MM contract.

Kaminsky, the ninth overall pick in the 2015 draft, was the subject of trade and buyout speculation earlier this year as he fell out of the Hornets’ rotation for several weeks. The 26-year-old ultimately earned a more regular role in the second half, but had a down year in Charlotte, averaging 8.6 PPG and 3.5 RPG in 47 games (16.1 MPG).

Kaminsky didn’t receive a qualifying offer from the Hornets, so he entered the market as an unrestricted free agent. Despite a somewhat disappointing stint in Charlotte, he still has some upside as a stretch big man.

The Suns, whose Ryan Anderson experiment failed last season, have now lined up deals for two bigs who can knock down three-pointers. In addition to agreeing to sign Kaminsky, they’ll also acquire Dario Saric in a trade with the Timberwolves once the July moratorium ends.

Photo courtesy of USA Today Sports Images.

Jazz Sign William Howard

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

JULY 17: The signing is now official, according to a release from the team.

JULY 15: French forward William Howard, who was on Utah’s roster for Summer League play this month, has reached a verbal agreement to sign with the Jazz, league sources tell Tony Jones of The Athletic (Twitter link).

As Jones details, the deal has not yet been made official because there’s a small buyout issue to be sorted out. Howard technically remains under contract with Limoges, but Crawford Palmer – the sports director of the French club – confirmed that all involved parties are looking to free up Howard to join the Jazz. As Emiliano Carchia of Sportando relays, Utah is expected to pay a buyout worth 150K Euros.

Howard, 25, averaged 10.6 PPG, 3.1 RPG, and 2.2 APG in 16 EuroCup contests in 2018/19. Although he was part of Utah’s Summer League team, he didn’t actually play in any games, having been ruled out of the team’s final matchup on Saturday due to right groin soreness.

Still, as Jones details, the Jazz like Howard’s shooting ability and wanted to add more depth on the wing.

Details of Howard’s new contract with the Jazz aren’t yet known.

Jazz Sign Stanton Kidd

July 17th, 2019 at 5:13pm CST by Arthur Hill

After spending Summer League with the Jazz, combo forward Stanton Kidd has signed with the team, according to a release tweeted by Eric Woodyard of The Deseret News.

Utah was interested in adding Kidd last summer, but he had another year left on his contract with Turkish team Darussafaka and no escape clause to let him join the NBA. He averaged 7.9 PPG and 3.3 RPG in 50 EuroLeague and Turkish League games this season.

Now 27, Kidd played for the Jazz entry in two leagues this summer, averaging 7.3 points and 3.0 rebounds in three games in Salt Lake City and posting an 8.2/2.6/1.4 line in five games in Las Vegas.

The Jazz have been in the market for wing depth and like the defense and athleticism that Kidd brings, tweets Tony Jones of The Athletic. Utah also finalized a deal today with William Howard.

Cheick Diallo To Sign With Suns

July 17th, 2019 at 4:49pm CST by Arthur Hill

The Suns have reached a two-year deal with Cheick Diallo, tweets ESPN’s Adrian Wojnarowski. Phoenix holds a team option on the second season, according to Michael Scotto of The Athletic (Twitter link).

The 22-year-old power forward spent the past three seasons in New Orleans. He has been a steady rotation player during the last two years and averaged 6.0 points and 5.2 rebounds in 64 games this season.

Phoenix could only offer Diallo a veteran’s minimum deal, which will pay about $1.7MM and $1.8MM over the next two years, according to ESPN’s Bobby Marks (Twitter link). The Suns now have 15 players under contract, not counting their two-way deals.

Pistons Claim Christian Wood

July 17th, 2019 at 4:08pm CST by Arthur Hill

The Pistons have claimed Christian Wood off waivers, tweets Shams Charania of The Athletic.

Wood, who has a partial guarantee on his salary that takes effect opening night, was waived Monday by the Pelicans. The power forward/center would be guaranteed $822,679 on his $1,645,357 salary for next season if he remained on the roster for the first game. The full salary won’t be guaranteed until January 10, when all league contracts become guaranteed.

Detroit inherits that contract with the successful waiver claim. The Pistons now have 17 players on their roster with 14 guaranteed contracts – according to ESPN’s Bobby Marks (Twitter link) – and are $223K below the luxury tax.

Wood, 23, is no stranger to the waiver wire. New Orleans claimed him in March after the Bucks let him go. He played just eight games for the Pelicans, but averaged 16.9 points and 7.9 rebounds per night. He has also had brief stays with the Sixers and Hornets since entering the league.

Warriors Waive Julian Washburn

July 17th, 2019 at 3:03pm CST by Luke Adams

After being acquired in a trade earlier this month, two-way player Julian Washburn has now been waived by the Warriors. Golden State confirmed the move today in a press release.

Washburn, 27, played for the Grizzlies on a two-way contract last season, appearing in limited minutes over the course of 18 games for the club after signing in January. The 6’8″ forward appeared in a total of 38 G League contests for the Austin Spurs and Memphis Hustle, recording 11.7 PPG and 5.3 RPG with a shooting line of .477/.406/.743.

Washburn’s two-way deal featured a second year, but the Grizzlies agreed to sign John Konchar to fill their second two-way slot alongside Yuta Watanabe.

Rather than simply waiving Washburn, Memphis had him the outgoing piece in the trade that sent Andre Iguodala, a first-round pick, and cash to the Grizzlies. While the Warriors briefly held onto Washburn, it seems the team would rather fill that two-way slot with another player.

Kings Sign Tyler Lydon

July 17th, 2019 at 2:50pm CST by JD Shaw

JULY 17: The Kings have officially signed Lydon, the team announced today in a press release.

JULY 14: The Kings have agreed to a two-year deal with free agent forward Tyler Lydon, according to ESPN’s Adrian Wojarowski (Twitter link).

The agreement is for the league minimum and also contains a partial guarantee, Sean Cunningham of ABC10 Sacramento tweets.

Lydon appeared in 25 games with the Nuggets last season, seeing an average of 3.8 minutes per contest. He was traded to Denver shortly after being selected No. 24 overall in the 2017 draft by Utah, spending part of his professional career in the NBA G League.

“I feel like I’m good enough to play in this league, and I’ll believe that ‘til the day I die,” Lydon said last week before agreeing to his deal, according to Stephen Haynes of the Poughkeepsie Journal. “It’s like, ‘Give me one chance to prove that I belong.’”

Lydon started his career with a deep Denver team that was unable to give him a clear role. His season was cut short after undergoing surgery to repair a torn meniscus, with the 23-year-old working extensively to improve his strength and shooting skills since then.

Sacramento now has 18 players on its active roster, including two-way players Kyle Guy and Wenyen Gabriel.