Transactions Rumors | Hoops Rumors

Grizzlies Trade Mike Conley To Jazz

July 6th, 2019 at 12:48pm CST by Luke Adams

JULY 6: The trade sending Conley to the Jazz is now official, per the NBA’s transactions log. Darius Bazley, who was selected with the No. 23 overall pick last month, will be re-routed from Utah to Oklahoma City in a subsequent deal, while Korver will be sent to Phoenix.

JUNE 19: The Grizzlies and Jazz have reached an agreement on a trade that will send standout point guard Mike Conley to Utah, reports Shams Charania of The Athletic (Twitter link).

According to ESPN’s Adrian Wojnarowski (via Twitter), Memphis will receive a package made up of Jae Crowder, Kyle Korver, Grayson Allen, the No. 23 pick in the 2019 draft, and a future first-round pick. Per Wojnarowski (via Twitter), that second first-rounder will be a 2020 pick, which features protections through 2024.

Chris Herrington of The Daily Memphian provides the full details on those protections, tweeting that the Grizzlies will get the pick in 2020 or 2021 if it falls in the 8-14 range. If it doesn’t convey in either of those drafts, it would become top-six protected in 2022, top-three protected in 2023, and top-one protected in 2024.

The deal will be completed once the new league year begins in July for cap reasons, according to Wojnarowski and ESPN’s Bobby Marks (via Twitter). The Jazz will have to absorb Conley using their newly-opened cap room, but won’t necessarily have to waive Derrick Favors‘ non-guaranteed contract to make the deal work, Marks notes (via Twitter).

It’s a huge acquisition for the Jazz, who will be able to pair Conley with Donovan Mitchell in their backcourt, with Favors and Rudy Gobert up front and Joe Ingles providing floor spacing on the wing.

Conley, 31, is coming off perhaps the best season of his NBA career, having averaged a career-high 21.1 PPG to go along with 6.4 APG, 3.4 RPG, 1.3 SPG, and a .438/.364/.845 shooting line.

Utah reportedly tried to land Conley at the trade deadline, putting an offer on the table that featured expiring contracts and a first-round pick, but that wasn’t enough to get Memphis to accept. The Jazz figured to face competition for the point guard from possible suitors like the Pacers, Heat, Celtics, and Mavericks when they circled back this offseason, but they were able to get a deal done early in the summer.

The Jazz can now focus on filling out their roster with complementary players. With Conley’s lucrative contract set to hit their books, they’ll no longer be a player for major free agents, but will have the room exception available. It’s projected to be worth $4.76MM.

Conley is owed $32.5MM in 2019/20 and $34.5MM in 2020/21 before his contract expires in 2021. His deal aligns him with Utah’s other core pieces — currently, Mitchell and Gobert are both on track to reach free agency in 2021 as well.

As for the Grizzlies, they’re expected to shift into rebuilding mode after trading long-time cornerstones Marc Gasol in February and Conley now. They’re poised to select Ja Morant with the No. 2 overall pick in tomorrow’s draft to supplant Conley as their point guard of the future. He and Jaren Jackson Jr. project to be the franchise’s building blocks going forward.

It’s not clear yet whether the Grizzlies intend to keep all the players and draft picks they’re acquiring in exchange for Conley. Crowder and Korver are on fairly modest expiring contracts (Korver’s salary is only partially guaranteed) and could appeal to contenders. Allen and the picks, on the other hand, represent solid assets for Memphis’ rebuild, though David Aldridge of The Athletic (Twitter link) hears that the club will listen to offers for the No. 23 selection.

The Grizzlies are also in position to create a massive traded player exception in the swap, assuming they remain an over-the-cap team. Cap expert Albert Nahmad estimates the value of that exception to be about $25MM (Twitter link).

Photo courtesy of USA Today Sports Images.

Hawks Acquire Allen Crabbe In Trade With Nets

July 6th, 2019 at 11:49am CST by Luke Adams

JULY 6: A month after it was agreed upon, the Nets have officially traded Crabbe to the Hawks along with the No. 17 pick (Nickeil Alexander-Walker) and a lottery-protected first-round pick in exchange for Prince and the Hawks’ 2021 second-rounder, according to press releases from both teams.

Brooklyn will, of course, use its cap room to sign Irving and Durant.

JUNE 6: The Nets and Hawks have agreed to a trade that will send Allen Crabbe, the No. 17 pick in the 2019 draft, and a lottery-protected 2020 first-round pick to Atlanta in exchange for Taurean Prince and a 2021 second-round pick, reports ESPN’s Adrian Wojnarowski (Twitter links).

The move will allow the Nets to clear more than $17MM from their books for the 2019/20 season by swapping Crabbe’s expiring $18.5MM deal for Prince’s ($3.48MM) and clearing the cap hold for the No. 17 pick. That will put Brooklyn on track to enter the offseason with more than $47MM in cap space. The Nets will now have a clearer path to creating two maximum-salary cap slots if they’re willing to renounce D’Angelo Russell‘s cap hold.

[RELATED: Latest On D’Angelo Russell]

The fact that the Nets were willing to agree to move Crabbe so early in the offseason signals that they have big plans for that extra cap room, which is particularly intriguing given the recent rumors linking Kyrie Irving to Brooklyn. According to Wojnarowski (via Twitter), Irving is “serious” about the Nets, and Brooklyn is looking to beat out the Knicks and the rest of the NBA for top free agents this summer.

If Russell is renounced, the Nets would have enough cap space for Irving and another maximum-salary free agent, unless that player has 10+ years of NBA experience (like Kevin Durant). In that scenario, the club would have to make one more modest cost-cutting move.

Besides creating extra cap flexibility, the Nets also pick up a solid young wing with three-and-D potential in Prince. The 25-year-old has averaged 13.9 PPG, 4.3 RPG, and 2.4 APG with a .431/.387/.834 shooting line in 137 games (29.3 MPG) over the last two seasons in Atlanta. He’s extension-eligible this offseason and will be a restricted free agent in 2020 if he doesn’t get a new deal.

From the Hawks’ perspective, acquiring Crabbe in exchange for Prince and their 2021 second-round pick will allow them to pick up two extra first-round selections, which could be used to add two more young prospects to their core or could be dangled in subsequent trade discussions.

Atlanta is now armed with three top-20 picks in the 2019 draft (Nos. 8, 10, and 17). There have been rumors that the Hawks have explored the idea of packaging their two top-10 picks to move up — adding the No. 17 selection to the mix should give the club more leverage in those discussions.

Meanwhile, the on-court impact of swapping out Prince for Crabbe shouldn’t be significant, as they play fairly similar roles. While Crabbe’s lucrative contract isn’t team-friendly, he has still been a very good three-point shooter in recent years, posting a .396 3PT% since signing his four-year deal in 2016, and his deal will expire after the 2019/20 season.

The Hawks’ cap room for 2019 will be cut nearly in half by the deal, but the team still projects to have about $23-25MM in space.

As Bobby Marks of ESPN.com observes (via Twitter), the two teams won’t be able to complete the trade until July, since the Hawks won’t have the cap room necessary to absorb Crabbe’s contract until the new league year begins.

Photo courtesy of USA Today Sports Images.

Heat Acquire KZ Okpala’s Draft Rights

July 6th, 2019 at 11:41am CST by Dana Gauruder

JULY 6: The Heat have officially acquired Okpala’s draft rights, sending the Pacers their 2022, 2025, and 2026 second-round picks, Miami announced in a press release. The deal technically became a three-team trade, having merged with the Pacers’ acquisition of T.J. Warren from the Suns.

JUNE 20: The Pacers agreed to send the No. 32 pick to the Heat, who selected Stanford small forward KZ Okpala, Adrian Wojnarowski tweets. The Pacers gained the rights to that pick earlier in the day in a trade with the Suns.

Indiana will receive three future second-round picks from Miami. The Heat had traded away their second-round pick.

Indiana also acquired forward T.J. Warren from Phoenix, which used cap room to make that deal in a salary dump. The Suns received cash considerations.

The 6’9” Okpala averaged 16.8 PPG and 5.7 RPG last season.

Suns Trade T.J. Warren To Pacers

July 6th, 2019 at 11:40am CST by Luke Adams

JULY 6: The trade is official, according to an announcement from the Pacers. It became a three-team trade, with Indiana sending the rights to No. 32 pick KZ Okpala to Miami in exchange for three second-rounders.

JUNE 20: The Pacers and Suns have reached a trade agreement that will send T.J. Warren to Indiana, reports ESPN’s Adrian Wojnarowski (Twitter link). According to Wojnarowski (Twitter links), the Pacers will also acquire the No. 32 overall pick from Phoenix and will take on Warren using cap room, sending cash to the Suns to complete the deal.

The trade looks like a straight salary dump for the Suns, who will move Warren with three years and $35.25MM left on his contract. Phoenix wanted to unload Warren – who will earn $10.81MM in 2019/20 — in order to open up more cap space, per Wojnarowski.

The Suns had a logjam at the small forward position and didn’t project to have much – if any – cap room this offseason, so the trade addresses both issues, though it will cost them a pretty good draft pick and a pretty good player with little return.

Injuries limited Warren to just 43 games in 2018/19, but he was a very effective scorer when he did play, averaging 18.0 PPG, 4.0 RPG, 1.5 APG, and 1.2 SPG with a .486/.428/.815 shooting line.

Assuming Phoenix keeps the cap hold for restricted free agent Kelly Oubre on its books, the team now projects to have about $21MM in cap room once the trade is finalized in July, tweets ESPN’s Bobby Marks. That space will give the club more flexibility to go after a starting-caliber point guard on the open market, but still won’t be enough for a maximum-salary offer.

As for the Pacers, many of their key rotation players are headed for free agency this summer, so they’ll have plenty of cap room to take on Warren. Acquiring him will also reduce some of the uncertainty surrounding those free agents — the team could have a little added leverage in negotiations with the likes of Bojan Bogdanovic or Thaddeus Young with Warren now under control.

According to Marks, the Pacers will still have nearly $31MM in cap room available once the acquisition of Warren is finalized, though that projection doesn’t account for Bogdanovic’s cap hold.

[RELATED: Pacers eyeing Ricky Rubio]

Indiana now controls three picks in tonight’s draft, adding the No. 32 selection to Nos. 18 and 50. The Suns are left with just the No. 6 overall pick.

Tim MacMahon of ESPN.com first reported earlier today that the Pacers were among the teams with interest in Warren.

Photo courtesy of USA Today Sports Images.

Warriors Sign First-Rounder Jordan Poole

July 6th, 2019 at 9:10am CST by marksuleymanov

The Warriors have inked 2019 first-round pick Jordan Poole to a rookie scale contract, per the NBA’s transactions log.

Selected 28th overall in this year’s draft, Poole will make approximately $1.96M in his first NBA season on a max rookie scale contract.

The Michigan product averaged 12.8 PPG and 3.0 RPG while shooting 36.9% from three-point range in his sophomore campaign.

Lakers, Quinn Cook Agree To Two-Year Deal

July 6th, 2019 at 8:51am CST by Luke Adams

The Lakers have reached an agreement to sign guard Quinn Cook to a two-year, $6MM contract, reports Chris Haynes of Yahoo Sports (Twitter link). Cook became an unrestricted free agent earlier this week when the Warriors withdrew his qualifying offer.

Cook, 26, was a solid contributor off the bench for the Warriors in 2018/19, averaging 6.9 PPG, 2.1 RPG, and 1.6 APG with a .465/.405/.769 shooting line in 74 games (14.3 MPG).

However, the Dubs had little flexibility to bring back all their free agents and rotation players as a result of the D’Angelo Russell sign-and-trade deal that will hard-cap team salary at $138.9MM. Cook was one of the odd men out in Golden State, along with Andre Iguodala, Jordan Bell, and likely DeMarcus Cousins and Shaun Livingston too.

Since missing out on Kawhi Leonard, the Lakers have committed a significant chunk of their $32MM in cap room to deals for Danny Green and Kentavious Caldwell-Pope. The team also agreed to terms with JaVale McGee and appears likely to slot him into its room exception, so Cook will probably be signed using cap space as well.

Cook is the first point guard the Lakers have added this offseason to a roster that will be led by LeBron James, Anthony Davis, and Kyle Kuzma. The club also reached minimum-salary deals with swingman Troy Daniels and forward Jared Dudley.

Cook is close with James and is also friends with Davis, having played with him briefly in New Orleans in 2017, tweets Alex Kennedy of HoopsHype.

Photo courtesy of USA Today Sports Images.

Lakers To Re-Sign Kentavious Caldwell-Pope, JaVale McGee

July 6th, 2019 at 2:20am CST by Luke Adams

The Lakers continue to act quickly in moving on to their backup plans in free agency after losing out on Kawhi Leonard. Having already reached a deal to sign Danny Green, the Lakers are also on track to re-sign Kentavious Caldwell-Pope and JaVale McGee, reports Ramona Shelburne of ESPN (Twitter links).

According to Shelburne, Caldwell-Pope is expected to sign a two-year, $16MM contract to remain in Los Angeles, while the Lakers have agreed to a two-year, $8.2MM deal for McGee.

Caldwell-Pope, who – like teammates LeBron James and Anthony Davis – is represented by agent Rich Paul, has spent the last two seasons with the Lakers, averaging 12.4 PPG, 4.0 RPG, 1.7 APG, and 1.1 SPG with a .428/.365/.824 shooting line in 156 games (28.8 MPG). He’ll join Green as the go-to three-and-D options on a roster that had initially been heavy on frontcourt players.

As for McGee, he enjoyed arguably the best season of his 11-year NBA career for the Lakers in 2018/19, averaging 12.0 PPG, 7.5 RPG, and 2.0 BPG in 75 games, including 62 as the club’s starting center.

With Green set to sign a two-year, $30MM contract, the Lakers have now committed more than half of their $32MM in cap space. ESPN’s Bobby Marks suggests (via Twitter) that L.A. will have about $11.5MM in room left after this flurry of deals, while Eric Pincus of Basketball Insiders (via Twitter) believes that number could be as high as $14.7MM, depending on how the contracts are structured.

Both of those figures assume that McGee’s contract would come out of the $4.8MM room exception, though the Lakers could theoretically use that exception on another player if McGee is re-signed using cap space.

In addition to signing Green, Caldwell-Pope, and McGee, the Lakers will also add Jared Dudley and Troy Daniels on minimum-salary contracts once their cap room has been exhausted.

Photo courtesy of USA Today Sports Images.

Lakers To Sign Danny Green To Two-Year Deal

July 6th, 2019 at 1:29am CST by Luke Adams

While his longtime teammate Kawhi Leonard heads to the Clippers, free agent shooting guard Danny Green had opted to sign with Los Angeles’ other team, announcing on Twitter that he’ll join the Lakers.

Shams Charania of The Athletic confirms (via Twitter) that the Lakers have reached a deal with Green, while ESPN’s Adrian Wojnarowski provides the financial details, tweeting that it’ll be a two-year, $30MM contract.

Green, 32, was part of the trade package last summer that sent Leonard to the Raptors, and enjoyed one of his best seasons as a pro in Toronto. Green averaged 10.3 PPG and knocked down a career-best 45.5% of his attempts from beyond the arc in 80 games (all starts), establishing a career high with 2.5 made threes per game. He also nearly earned a spot on the NBA’s All-Defensive team for his work on perimeter scorers, and helped Toronto win its first-ever championship.

Although he generated plenty of interest on the open market within the last week, Green opted to wait out Leonard’s decision before deciding on his own team. If Kawhi had chosen to re-sign with the Raptors, Green likely would have had interest in running it back and trying to defend their title.

However, with Leonard on track to become a Clipper, Green’s decision came down to the Lakers and Mavericks, both of whom put big offers on the table, tweets David Aldridge of The Athletic. The Clippers were also believed to be in the mix for Green earlier in the week, but landing Kawhi reduced their ability to offer the veteran shooting guard a market-value deal.

The Lakers, who had earmarked $32MM in cap room for Leonard, will now use that space on Green and other players, adding some depth to a roster headlined by LeBron James, Anthony Davis, and Kyle Kuzma.

The club has already reportedly reached new deals with Kentavious Caldwell-Pope and JaVale McGee in addition to agreeing to terms with Green.

Photo courtesy of USA Today Sports Images.

Wizards Trade Dwight Howard To Grizzlies

July 5th, 2019 at 7:45pm CST by Dana Gauruder

JULY 6: The trade is now official, with both teams announcing it in press releases. “C.J. is respected around the league for his defense, three-point shooting and leadership,” Wizards Senior Vice President of Basketball Operations Tommy Sheppard said. “All of those qualities appealed to us in making this deal and we look forward to him making a positive impact on our team.”

JULY 5: The Wizards are trading center Dwight Howard to the Grizzlies, Shams Charania of The Athletic tweets. Memphis plans to waive Howard or forward him to another team, Adrian Wojnarowski of ESPN tweets.

Washington will receive swingman C.J. Miles in the deal, David Aldridge of The Athletic tweets.

The Grizzlies will shave $3.13MM off their team salary by dealing Miles, who is due $8.73MM next season. Howard has one year and $5.6MM left on his contract.

Additionally, Memphis has waived shooting guard Avery Bradley, Aldridge reports in another tweet. Bradley had a $12.96MM salary for next season but only $2MM was guaranteed. This gives Memphis even more flexibility to make moves, as Aldridge notes.

Bradley is a former client of current Lakers GM Rob Pelinka, which may impact his decision as a free agent, Eric Pincus of Basketball Insiders notes (Twitter link).

Howard opted in for the second year of his contract with the Wizards, who had no interest in keeping the former All-Star on the roster.

Howard, who spent his previous three seasons with three different teams in Houston, Atlanta, and Charlotte, was a complete washout last season. Having used the full taxpayer mid-level exception to sign him, Washington viewed Howard as its major offseason addition, but he only appeared in nine games. Spinal surgery and a hamstring injury during his rehab resulted in a lost season for the 33-year-old Howard.

Miles’ situation was similar. He opted in to his contract but the Grizzlies had little use for the three-point specialist with a hefty salary on a rebuilding squad.

Miles is recovering from a stress reaction in his left foot. The 14-year veteran, who started last season with the Raptors, was sent to the Grizzlies as part of the package for Marc Gasol in February. In total, Miles appeared in 53 games (16.2 MPG) for Memphis and Toronto, averaging just 6.4 PPG on .360/.330/.828 shooting.

Memphis had until July 8 to fully guarantee Bradley’s salary. He appeared in 63 games last season with the Clippers and Grizzlies, averaging 9,9 PPG and 2.4 APG in 30.2 MPG. Without Bradley on their roster, the Grizzlies are in much better position to match an offer sheet for restricted free agent Delon Wright without going into tax territory.

Photo courtesy of USA Today Sports Images.

Timberwolves Sign Naz Reid To Two-Way Deal

July 5th, 2019 at 3:18pm CST by Luke Adams

JULY 5: The Timberwolves have officially signed Reid to a two-way deal, the team announced today in a press release.

JUNE 21: The Timberwolves have reached an agreement to sign rookie free agent Naz Reid to a two-way contract, reports Shams Charania of The Athletic (via Twitter).

Reid, who declared for the draft after his freshman year at LSU, was considered a strong candidate to be selected on Thursday night, but went undrafted. According to ESPN’s big board, the young forward/center was the eighth-best prospect who was still available at the end of the night.

Reid will enter the NBA after having recorded 13.6 PPG and 7.2 RPG in 34 games (27.2 MPG) during his first and only season with the Tigers. He’ll be able to officially sign his two-way contract after the new NBA league year begins.

Jared Terrell and C.J. Williams occupied the Wolves’ two-way slots during the 2018/19 season, but are both free agents this summer. Reid’s deal indicates that at least one of the two won’t be back.