Transactions Rumors | Hoops Rumors

Warriors Rescind Quinn Cook’s Qualifying Offer

July 3rd, 2019 at 8:08am CST by Luke Adams

The Warriors have withdrawn their qualifying offer to restricted free agent guard Quinn Cook, league sources tell Shams Charania of The Athletic (Twitter link).

As a result of the move, Cook will become an unrestricted free agent. That means he’ll be able to sign outright with any team without any risk that Golden State would match an offer sheet.

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 hard-capped Dubs have little flexibility to bring back all their free agents as a result of the D’Angelo Russell sign-and-trade deal that will hard-cap team salary at $138.9MM. It appears Cook will be one of the odd men out.

Knicks Sign R.J. Barrett

July 2nd, 2019 at 6:59pm CST by ChrisCrouse

The Knicks have signed R.J. Barrett to his rookie contract scale contract, according to the team’s Twitter feed.

Assuming he signed for 120% of the rookie scale, Barrett will take home $7.84MM during his first season in the league. Barrett is expected to play for the Knicks’ Summer League team in Las Vegas.

Barrett was excited to be drafted by the franchise and at the time, it appeared he would come into the league on a contender, as New York was expected to make a splash in free agency. Instead, he’ll be in a typical situation for a team drafting in the top five.

The No. 3 overall pick should have the opportunity to be one of the most productive rookies during the 2019/20 season.

Lakers Sign Jared Dudley To One-Year Deal

July 2nd, 2019 at 6:44pm CST by ChrisCrouse

JULY 7: The Lakers have officially signed Dudley to his minimum salary contract, the team announced today (via Twitter).

JULY 2: The Lakers will sign Jared Dudley to a one-year deal, Adrian Wojnarowski of ESPN.com tweets. The contract will be a minimum salary arrangement.

Los Angeles is slowly adding to their roster as the franchise waits on Kawhi Leonard‘s decision. In addition to Dudley, the team has already agreed to terms with Troy Daniels on a minimum-salary deal.

Neither Daniels’ deal nor Dudley’s will impact the Lakers’ cap room, as they’ll be finalized with the minimum salary exception after the team uses that room.

Dudley appeared in 59 games for Brooklyn last season. He spotted them 20.7 minutes per game while shooting 35.1% from behind the arc. The Pistons were among the teams competing for his services this offseason.

A Southern California native, Dudley will be returning home on his new deal in the hopes of competing for a title, as he tells Alex Kennedy of HoopsHype (Twitter link).

“This is something I’ve been contemplating. I’d be getting a chance to compete for a championship, which is something I haven’t had since the Steve Nash [Suns] days,” Dudley said. “I just think that being home and with that Laker brand, what’s better than that?”

Sixers Sign Shake Milton To Four-Year Deal

July 2nd, 2019 at 5:18pm CST by ChrisCrouse

JULY 7: Milton’s new four-year contract with the Sixers is now official, the team announced today in a press release.

“Shake is the perfect example of what hard work and strong player development can produce,” GM Elton Brand said in a statement. “We are proud of the strides he made in the G League last season, where his game was able to blossom while gaining confidence as a pro. He has earned the right to be where he is today. He is an exciting young talent and I look forward to his continued development with the 76ers and the depth that he provides our roster.”

JULY 2: Shake Milton will sign a new contract with the Sixers. The team has agreed to a four-year deal with the shooting guard, according to ESPN’s Jordan Schultz (Twitter link).

Milton played last season on a two-way contract, splitting his time between the Sixers and their G League affiliate, the Delaware Blue Coats. He saw limited playing time in 20 games for Philadelphia, but put up big numbers in 27 NBAGL contests, averaging 24.9 PPG, 4.9 APG, and 4.9 RPG with a .484/.369/.810 shooting line.

Because Milton’s two-way deal featured a second year, this transaction will technically be treated as a conversion from his two-way contract to an NBA contract, similar to Monte Morris‘ deal with the Nuggets last offseason.

The Sixers will have to use cap space to ink Milton to a four-year contract. There will also be no December 15 trade restriction for Milton, as two-way contract conversions don’t carry the same rules as most offseason NBA signings.

Luke Adams contributed to this post.

Warriors Sign Glenn Robinson III

July 2nd, 2019 at 5:01pm CST by Luke Adams

JULY 9: The Warriors have officially signed Robinson, per NBA.com’s transactions log.

JULY 2: The Warriors and free agent wing Glenn Robinson III have reached an agreement on a two-year deal with a second-year player option, agent Jelani Floyd tells Shams Charania of The Athletic (Twitter link).

While terms of the deal aren’t yet known, a minimum-salary contract seems likely, given Golden State’s cap limitations. Even then, by giving Robinson a two-year deal, the Warriors would incur a 2019/20 cap hit of $1,882,867 rather than $1,620,564, pushing them ever so slightly toward their hard cap at the $138.9MM tax apron, as cap expert Albert Nahmad notes (via Twitter).

Robinson, 25, has spent time with the Timberwolves, Sixers, Pacers, and Pistons since entering the league in 2014 as a second-round pick. Last season, he averaged 4.2 PPG and 1.5 RPG in 47 games (13.0 MPG) in a disappointing season for Detroit.

The Pistons held a $4.3MM team option on Robinson for the 2019/20 season, but unsurprisingly decided to decline it.

While Robinson knocked down just 29.0% of his three-point attempts last season, the Warriors will be hoping he can recapture the form he showed with the Pacers in his previous three seasons, when he made 39.3% of his three-point tries in 137 games (albeit on just 1.4 attempts per contest).

Photo courtesy of USA Today Sports Images.

Cavs Sign Dean Wade To Two-Way Contract

July 2nd, 2019 at 2:40pm CST by Luke Adams

JULY 2: The Cavaliers have formally signed Wade to his two-way deal, per RealGM’s log of official NBA transactions.

JUNE 21: The Cavaliers have reached an agreement to sign undrafted rookie free agent Dean Wade to a two-way contract, reports Chris Haynes of Yahoo Sports (via Twitter).

Wade, a 6’10” forward, has the ability to stretch the floor, having knocked down 38.6% of his three-point attempts over the course of four college seasons. The Kansas State standout recorded 12.9 PPG, 6.2 RPG, and 2.8 APG in 25 games during his senior year.

A foot injury sidelined Wade at the end of his college career, keeping him out of action for the Big 12 and NCAA tournaments. However, he recently told Bryan Kalbrosky of HoopsHype that he’s “100% healthy.”

The Cavaliers have also agreed to a deal with Duke big man Marques Bolden, a source tells Alex Kennedy of HoopsHype (Twitter link). Kennedy’s tweet doesn’t offer any further details, so it’s not entirely clear if Bolden is just joining Cleveland for Summer League or if he’ll get a spot on the team’s 20-man offseason roster.

Bolden played a part-time role for the Blue Devils in 2018/19, averaging 5.3 PPG, 4.5 RPG, and 1.7 BPG in 35 games (19.0 MPG) as a junior.

Bulls Sign Adam Mokoka To Two-Way Deal

July 2nd, 2019 at 2:34pm CST by Arthur Hill

2:34pm: The Bulls have officially signed Mokoka to a two-way contract, the team announced today in a press release.

12:53pm: Adam Mokoka will join the Bulls as a two-way player, tweets Darnell Mayberry of The Athletic. The 6’5″ shooting guard out of France declared for this year’s draft but wasn’t selected.

Mokoka also entered the draft in 2018, but withdrew before the deadline. He spent this season with Mega Bemax in Serbia.

Rawle Alkins and Brandon Sampson filled the Bulls’ two-way slots this season, but both are free agents.

Hornets Waive Tony Parker In Procedural Move

July 2nd, 2019 at 10:38am CST by Luke Adams

The Hornets have waived guard Tony Parker, the team announced today (via Twitter). The move was a procedural one, as Parker formally announced his retirement last month.

When Parker signed with the Hornets last summer, he inked a two-year, $10.25MM contract which included a non-guaranteed salary in year two. By releasing the longtime Spur, Charlotte will avoid having his $5.25MM salary for the 2019/20 season become guaranteed. That would have happened if he had remained under contract through Thursday, per Basketball Insiders.

Technically, this frees up Parker in the event that he decides to make an NBA comeback down the road, but there’s no indication that’s something he’ll consider.

Cavaliers Sign Darius Garland, Dylan Windler

July 2nd, 2019 at 10:24am CST by Arthur Hill

Both of Cleveland’s first-round picks have signed their rookie contracts, according to the NBA’s transactions log. The Cavaliers inked Vanderbilt guard Darius Garland, who was taken with the fifth pick, and Belmont forward Dylan Windler, who was selected at No. 26.

Garland was considered one of the nation’s top point guards, even though an injury limited him to five games in college. The freshman averaged 16.2 points and 2.6 assists in limited play, but displayed an impressive shooting range that should make him a valuable weapon in the NBA.

Windler spent four years at Belmont and became one of the top players in the Ohio Valley Conference. He averaged 21.6 points, 10.9 rebounds and 2.5 assists per game as a senior and helped the Bruins reach the NCAA Tournament.

Under the rookie scale, Garland can receive $6.4MM in his first year and $6.72MM and $7.04MM in the next two seasons. Windler is slotted at $2.035MM for 2019/20 and $2.137MM and $2.239 for the subsequent two years.

Thunder Re-Sign Nerlens Noel, Agree To Sign Alec Burks

July 2nd, 2019 at 10:07am CST by Luke Adams

JULY 2, 10:07am: The Thunder have officially re-signed Noel, according to the NBA’s transactions log. Most NBA contracts can’t be finalized during the July moratorium, but one- or two-year minimum-salary deals can, so this strongly suggests that Noel will be returning to Oklahoma City on the veteran’s minimum.

JULY 1, 3:41pm: The Thunder are once again in agreement on a deal for big man Nerlens Noel, reports ESPN’s Adrian Wojnarowski (via Twitter). Noel and the Thunder appeared to reach a deal early in free agency, but a follow-up report indicated that the center wanted to reconsider things.

Meanwhile, Oklahoma City has also agreed to sign free agent shooting guard Alec Burks, a league source tells Royce Young of ESPN.com (Twitter link).

Terms of the two deals aren’t yet known, and neither is the Thunder’s agreement with Mike Muscala, which was reported on Sunday. However, OKC entered the offseason with limited resources at its disposal to upgrade its roster, so it’s probably safe to assume that the team won’t be paying big money for any of its three new rotation pieces.

Noel, who served primarily as Steven Adams‘ backup at center last season, averaged 4.9 PPG, 4.2 RPG, and 1.2 BPG in 77 games (13.7 MPG). Depending on what other moves the Thunder make, he could play a similar role this year, though it’s possible that Muscala’s arrival will eat into his minutes.

As for Burks, the former lottery pick is a career 35.5% three-point shooter, so he may be able to provide Oklahoma City with some much-needed floor spacing. Last season, he appeared in a total of 64 games for the Jazz, Cavaliers, and Kings, averaging 8.8 PPG, 3.7 RPG, and 2.0 APG in 21.5 minutes per contest.