Transactions

Nets Sign Henry Ellenson To Two-Way Contract

JULY 17: The Nets have officially signed Ellenson to his two-way contract, the club announced today in a press release.

JULY 15: The Nets have reached an agreement to sign free agent big man Henry Ellenson to a two-way contract, reports ESPN’s Adrian Wojnarowski (via Twitter).

Ellenson, the 18th overall pick in the 2016 draft, spent the first two and a half seasons of his professional career with the Pistons, but was never able to crack the team’s regular rotation and become a dependable contributor. He appeared in just 59 total games for Detroit before being waived at this year’s trade deadline to accommodate Wayne Ellington.

Ellenson later caught on with the Knicks, appearing in 17 games for New York down the stretch and posting averages of 6.0 PPG, 3.4 RPG, and 0.9 APG in 13.8 minutes per contest. However, the Knicks turned down the 22-year-old’s team option for the 2019/20 season and didn’t tender him a qualifying offer, making him an unrestricted free agent.

The Nets’ two-way players for most of last season were Theo Pinson and Alan Williams. Pinson has since been promoted to a standard contract, while Williams is a free agent, so Brooklyn will have a second two-way slot available even after officially signing Ellenson.

Nets Sign David Nwaba

JULY 17: The Nets have officially signed Nwaba, the team confirmed today in a press release.

JULY 14: David Nwaba has agreed to a two-year contract with the Nets, tweets Shams Charania of The Athletic. The deal includes a team option for the second season, according to Michael Scotto of The Athletic, who adds that the Pacers, Kings, Rockets and Suns all had interest in Nwaba (Twitter link).

It’ll be a minimum-salary deal for Nwaba, who will make approximately $1.7MM for the upcoming season and $1.8MM in 2020/21 with a July 7 deadline for the option decision, tweets Bobby Marks of ESPN. The Nets now have 15 players with guaranteed contracts.

Brooklyn will be the fourth stop in four years for the 26-year-old shooting guard, who spent his first three seasons with the Lakers, Bulls and Cavaliers. He appeared in 51 games for Cleveland this year, averaging 6.5 points in about 19 minutes per night.

The Cavs opted last month not to tender a $1.9MM qualifying offer to Nwaba, making him an unrestricted free agent. Even so, Cleveland had expressed some interest in bringing him back.

The addition of Nwaba continues an impressive summer for Brooklyn, which hit the free agent jackpot by signing Kevin Durant, Kyrie Irving and DeAndre Jordan.

Celtics Sign Enes Kanter To Two-Year Deal

JULY 17: The Celtics have officially signed Kanter, the team announced today (via Twitter).

JULY 1: The Celtics have agreed to terms with free agent center Enes Kanter on a two-year deal with a second-year player option, his manager Hank Fetic announced today (via Twitter). According to Ian Begley of SNY.tv (via Twitter), Kanter’s new contract will be worth nearly $10MM, so it projects to fit into Boston’s room exception.

Kanter, 27, has spent time with the Jazz, Thunder, Knicks, and Trail Blazers since entering the league as the third overall pick in the 2011 draft. Last season, he was bought out with the Knicks in February and signed in Portland for the rest of the season. In 67 total games, he averaged 13.7 PPG and 9.8 RPG in 24.5 minutes per contest.

Kanter boosted his stock down the stretch by taking over as the Blazers’ starting center after Jusuf Nurkic broke his leg. Kanter averaged 11.4 PPG and 9.7 RPG in 16 postseason contests. Portland agreed to acquire Hassan Whiteside in a trade with Miami earlier today, signaling that the club didn’t expect to bring back Kanter.

Having agree to acquire Kemba Walker using their cap room, the Celtics had been on the lookout for a big man with their $4.8MM room exception. They were linked to Kanter and Kevon Looney on Saturday, though Looney’s agent tells Mark Murphy of The Boston Herald (Twitter link) that he didn’t hear from the C’s.

While Kanter will help improve the Celtics’ interior scoring and rebounding numbers, he’s not considered an elite defender, so the team will have some work to do in its frontcourt to make up for the departures of Al Horford and Aron Baynes.

Photo courtesy of USA Today Sports Images.

Rockets Re-Sign Austin Rivers

JULY 17: The Rockets have officially re-signed Rivers, the team announced today in a press release.

JULY 1: The Rockets will re-sign point guard Austin Rivers on a two-year deal, ESPN’s Adrian Wojnarowski reports. The second season in the agreement contains a player option. Rivers’ new deal will be worth the minimum, tweets Jonathan Feigen of The Houston Chronicle.

Rivers, 26, first signed with Houston on a free-agent deal in December. He provided production off the bench behind Chris Paul and James Harden in 47 games, averaging 8.7 points and 2.3 assists per contest.

“I’m just very excited,” Rivers said, according to Mark Berman of Fox 26. “Happy to be on a playoff team.”

Rivers, the No. 10 pick in 2012, spent time with the Pelicans, Clippers and Wizards before joining the Rockets. Houston already came to terms with free agents Gerald Green and Danuel House during the first day of free agency.

Because he’s re-signing with his previous team on a two-year deal with a second-year option, Rivers will have the ability to veto trades in 2019/20, notes ESPN’s Bobby Marks (via Twitter).

Rockets Re-Sign Danuel House To Three-Year Deal

JULY 17: The Rockets have made it official, formally announcing in a press release that they’ve re-signed House. Head of basketball operations Daryl Morey welcomed House back on Tuesday night (via Twitter).

JUNE 30: The Rockets and free agent forward Danuel House have agreed to a three-year deal worth $11.1MM, reports ESPN’s Adrian Wojnarowski (via Twitter).

The deal represents a victory for House, who turned down a guaranteed three-year, minimum-salary offer from the team when he was on a two-way contract. House reached his 45-day allotment and spent several weeks in the G League before having his deal converted to a standard NBA contract in mid-March.

The 26-year-old was placed on waivers twice this year before blossoming with the Rockets midway through the season. He appeared in 39 games, starting 13, and averaged 9.4 PPG while shooting 42% from 3-point range.

Houston is well over the cap and only holds Non-Bird rights on House, so it will have to use part of its exception to sign him.

David Weiner of Clutch Fans (Twitter link) estimates a first-year salary for House of $3.524MM, which would leave the Rockets with $2.194MM remaining if they use the taxpayer mid-level exception or $5.734MM if they opt for the non-taxpayer MLE. The team is close enough to the tax line that either option is feasible.

Bucks Sign Thanasis Antetokounmpo

JULY 16: The Bucks have officially signed Antetokounmpo, the team announced today in a press release.

“Thanasis is a young player with great experience at the top level overseas,” Bucks GM Jon Horst said in a statement. “He brings toughness, athleticism, character and a high IQ. We are thrilled to have him join the Bucks.”

JULY 7: Thanasis Antetokounmpo has agreed to a two-year contract to join his brother in Milwaukee, tweets Shams Charania of The Athletic. Greek outlet Gazzetta.gr reported earlier in the week that Antetokounmpo and the Bucks were finalizing a two-year guaranteed deal.

Charania confirms (via Twitter) that Antetokounmpo will get a guaranteed two-year minimum-salary deal. I’ll be worth about $3.15MM over two years, including $1.45MM in 2019/20.

An older sibling of reigning MVP Giannis Antetokounmpo, Thanasis has brief NBA experience, playing two games for the Knicks on a 10-day contract during the 2015/16 season.

The 26-year-old spent this season with Panathinaikos, leading the team to a second straight Greek Basket League title. He was also MVP of the Greek All-Star Game in 2018. Before returning to Greece Thanasis spent three years in the G League, playing for both Delaware and Westchester.

Thunder, Rockets Swap Russell Westbrook, Chris Paul

JULY 16: The trade is official, according to a Thunder press release.

“We recently had conversations with Russell about the team, his career, and how he sees the future,” GM Sam Presti said. “Through those conversations we came to the understanding that looking at some alternative situations would be something that made sense for him. As a result, and due to his history with the Thunder, we worked together to accommodate this,” said Presti. “Our ability to have these types of conversations and work so closely with Russell and his agent Thad Foucher is only possible because of the depth of the relationship that has been built over the last 11 years.
“Russell Westbrook is the most important player in the brief history of the Oklahoma City Thunder. He has left an indelible mark on this team, city and state. None of us could have anticipated the player he has become, and we are all deeply proud of what he has contributed to the success of the franchise and to our community. Russell and his wife Nina, their three children, his brother and his parents will always remain part of the Thunder family. We wish them nothing but happiness and success in the future.”

JULY 11: The Rockets have acquired Russell Westbrook. According to Adrian Wojnarowski of ESPN.com (Twitter link), Houston will send Chris Paul, two first-round picks and two pick swaps to Oklahoma City in exchange for the eight-time All-Star.

The Thunder will receive the Rockets’ first-round picks in 2024 and 2026, according to Wojnarowski. Shams Charania of the Athletic tweets that those selections are each top-four protected.

Oklahoma City will also have the right to swap first-round picks with the Rockets during the 2021 and 2025 drafts, though those have protections as well. The 2021 swap is top-four protected, while the 2025 swap is top-20 protected, per Charania.

GM Sam Presti worked with Westbrook and his agent to send the point guard to Houston, which was his preferred destination, Wojnarowski tweets. Westbrook will reunite with James Harden, whom he previously played with on the Thunder (before the team traded Harden to the Rockets). Jonathan Feigen of the Houston Chronicle (Twitter link) hears that the push for a reunion came from both sides.

The Paul George trade request opened the door for another superstar to move this summer. The Thunder began an unexpected retooling process in the wake of trading George, leaving Westbrook in a curious position.

Rumors of the Paul-Harden relationship souring popped up this summer, with a report from Vincent Goodwill of Yahoo Sports describing the relationship as “unsalvageable” and suggesting that CP3 wanted a trade. Both Paul and GM Daryl Morey shot down that report, but there was still widespread speculation that the team would try to move Paul.

Ramona Shelburne of ESPN.com tweets that Presti has spoken to Paul’s agent, Leon Rose. Rose, who also represents Carmelo Anthony, worked with the team last summer on an exit strategy for ‘Melo.

The Thunder’s plan as of now is to keep Paul alongside Danilo Gallinari and remain competitive, Sam Amick of The Athletic hears (Twitter link). Still, Amick cautions that at this stage in his career, the point guard isn’t going to be patient.

Paul, whose contract runs through 2021/22, will make $38.5MM in the 2019/20 season, with roughly $86MM due to him over the following two seasons. Westbrook will also make $38.5MM this upcoming season and he’ll take home $132.6MM over the ensuing three seasons. The two deals are essentially identical, with Westbrook’s running for an extra season. Both of the point guards also have a player option on the end of their contracts, though it’s unlikely that either will decide to hit the open market a year early.

Westbrook has a 15% trade bonus in his contract, but because he’s already earning a maximum salary, the bonus will be voided, ESPN’s Bobby Marks adds on Twitter.

Paul, 34, slowed signs of slowing down during the 2018/19 season. Injuries limited him to just 58 games, and his 15.6 PPG and .419 FG% were both the lowest marks of his 14-year career. However, he still chipped in 8.2 APG and 2.0 SPG while helping to lead the Rockets to the Western Semifinals.

As for Westbrook, his scoring average (22.9 PPG) was his lowest in five years and he went through some major shooting slumps en route to a .428/.290/.656 line. The 30-year-old still managed to average a triple-double for the third consecutive year though, contributing 11.1 RPG and a league-leading 10.7 APG to go along with 1.9 SPG.

Photos courtesy of USA Today Sports Images.

Jazz Sign Jarrell Brantley, Justin Wright-Foreman To Two-Way Deals

The Jazz have filled both of their two-way contract slots, inking Jarrell Brantley and Justin Wright-Foreman to deals, per the team’s Twitter feed.

Brantley was the No. 50 selection in the 2019 draft and Utah acquired his draft rights in a trade with the Pacers. Brantley spent four years at the College of Charleston before coming to the league, averaging 19.4 PPG, 8.4 RPG, and 2.4 APG in 33 games as a senior.. The 23-year-old wing recently played for the Jazz’s Summer League squads.

Wright-Foreman was selected with the No. 53 overall pick in this year’s draft. He spent four years in college as well, appearing in 125 games for Hofstra and ranking second in the nation in 2018/19 with 27.1 PPG. The 21-year-old guard also played for Utah’s 2019 Summer League teams.

Utah didn’t have any first-round picks in this year’s draft, but loaded up on selections in the back half of the second round. In addition to selecting Brantley and Wright-Foreman, the club also nabbed Miye Oni at No. 58 — he signed a standard NBA contract earlier this week.

Sixers Sign Ben Simmons To Five-Year Extension

JULY 16: The Sixers have officially signed Simmons to his new extension, the team announced today in a press release.

“Ben Simmons is an important piece of our core and he is one of the NBA’s most dynamic and talented young players,” GM Elton Brand said in a statement. “It was a priority for our organization that we finalize a contract extension with Ben this summer. He was Rookie of the Year in his first season, an All-Star in his second and we expect him to continue grow and succeed for seasons to come. Ben positively impacts the game in so many ways and we look forward to continuing our championship pursuits with him as one of our leaders.”

JULY 15: The Sixers and Ben Simmons have reached a deal on a five-year, maximum-salary contract extension, agent Rich Paul tells Shams Charania of The Athletic (Twitter link). The agreement had been anticipated after Philadelphia put a max extension offer on the table for Simmons near the start of free agency.

Based on the NBA’s current cap projections for 2020/21, which is when Simmons’ new deal will begin, a five-year, maximum-salary contract will pay him $169.65MM.

The Sixers and Simmons could agree to language that would push that figure as high as $203.58MM in the event that he earns an All-NBA spot next season, but there’s no indication yet that those Rose Rule conditions will be included in the agreement. For what it’s worth, Charania pegs the value of the contract at $170MM.

Simmons, who will turn 23 on Saturday, has established himself as one of the NBA’s most dynamic young play-makers since being selected first overall in the 2016 draft. After missing his rookie season for health reasons, he has averaged 16.4 PPG, 8.5 RPG, 7.9 APG, and 1.6 SPG in 160 regular season contests for Philadelphia over the last two years.

While Simmons is one of the league’s most dangerous creators in transition and can go off for a triple-double on any given night, the Sixers will be looking for him to expand his half-court game and to add a more consistent jump shot to his repertoire going forward.

With a lucrative new deal for Simmons hitting their books in 2020/21, the Sixers will have to take their long-term luxury tax outlook into account when making roster moves. Having made major financial commitments to Joel Embiid, Tobias Harris, and Al Horford too, Philadelphia already projects to be $6MM+ over the tax line for ’20/21 with only 11 players under contract so far, tweets Jeff Siegel of Early Bird Rights.

Siegel also observes (via Twitter) that Simmons and Embiid are both now “designated rookies” for the Sixers, having signed five-year extensions before their rookie contracts expired.

An NBA team is permitted to have up to two designated rookies on its roster at a time (including no more than one via trade), so the Sixers wouldn’t be able to add a third until Embiid’s contract expires in 2023, unless they trade away Simmons or Embiid. It’s the same rule that prevented the Celtics from acquiring Anthony Davis last season while they were carrying Kyrie Irving.

Photo courtesy of USA Today Sports Images.

Kings Sign Richaun Holmes To Two-Year Deal

JULY 16: The Kings have officially signed Holmes, the club announced today in a press release.

JULY 1: The Kings and big man Richaun Holmes have reached an agreement on a two-year deal worth $10MM, reports Shams Charania of The Athletic (Twitter link).

Based on the reported terms of Holmes’ new deal and the other agreements the Kings have finalized during free agency, it appears likely that he’ll receive the team’s $4.8MM room exception.

Holmes, 25, spent his first three NBA seasons in Philadelphia before being sent from the Sixers to Suns a year ago. He averaged 8.2 PPG, 4.7 RPG, and 1.1 BPG in 70 games (16.9 MPG) as a regular part of Phoenix’s frontcourt rotation.

The Kings have now reached agreements with four outside veteran free agents in addition to bringing back their own free agent forward Harrison Barnes on a four-year deal.

As our free agent tracker shows, Cory Joseph, Trevor Ariza, and Dewayne Dedmon will also be joining the club once they can officially sign contracts this weekend.

Photo courtesy of USA Today Sports Images.