Transactions Rumors | Hoops Rumors

Magic Waive Center Timofey Mozgov

July 6th, 2019 at 1:38pm CST by Dana Gauruder

The Magic have waived center Timofey Mozgov, according to a tweet from the team’s PR department. Mozgov missed all of last season due to a knee injury.

Mozgov’s $16.72MM salary for next season is fully guaranteed and Orlando will use the stretch provision to avoid going over the luxury tax threshold, Josh Robbins of The Athletic tweets. His salary will be stretched at a cost of $5.57MM per year over the next three years. By stretching Mozgov’s contract, Orlando could potentially retain restricted free agent Khem Birch, Robbins adds (Twitter links). Orlando made Birch an RFA by extending a $1.82MM qualifying offer.

The Magic were $3MM over the luxury tax line and a projected $890K below the tax apron prior to waiving Mozgov, according to ESPN’s Bobby Marks. By stretching Mozgov, Orlando falls $8.2MM under the tax and $12MM under the apron, Marks adds.

Mozgov underwent right knee surgery in early January. The Magic acquired him last July as part of a three-way swap with the Bulls and Hornets.

Mozgov, 32, was one of the big winners during the free agent frenzy of 2016, as he signed a four-year, $64MM deal with the Lakers. Buyer’s remorse quickly set in as he only appeared in 54 games with Los Angeles before he was traded to Brooklyn. The Hornets acquired him last summer, then shipped him to Orlando.

Given his injury situation and lack of production in prior years, Mozgov made find it difficult landing another NBA job.

Celtics Trade Aron Baynes, Ty Jerome To Suns For 2020 First-Rounder

July 6th, 2019 at 1:32pm CST by clarkcrum

JULY 6: The trade between the Celtics and Suns is now official, Boston announced today (via Twitter).

JUNE 20: The Celtics, who obtained the No. 24 selection from the Sixers earlier tonight, have agreed to trade the pick to the Suns, who have drafted Virginia point guard Ty Jerome (per Adrian Wojnarowski of ESPN). The Celtics also included big man Aron Baynes in the deal, tweets Shams Charania of The Athletic and Stadium.

According to Adam Himmelsbach of The Boston Globe, Boston received a future draft pick from Phoenix in exchange for the rights to draft Jerome, and both Woj and Tim Bontemps of ESPN (link) report that the Suns are sending the Celtics the Bucks’ 2020 first-round pick. All told, the Suns will obtain both Baynes and Jerome, while the Celtics, who were said to be looking to move on from Baynes, pick up a first-rounder in next year’s draft.

The Bucks, of course, are expected to be one of the better teams in the league next season, so Boston’s selection will likely fall near the end of the first round, but they were evidently willing to wait a year for the first-round pick in order to move Baynes.

ESPN’s cap guru Bobby Marks notes that Phoenix is now down to a projected $14MM in cap space after accounting for Baynes’ salary and the cap hold for Jerome, which will surely curtail the level of free agent point guard Phoenix will be able to pursue on the free agent market this summer.

As for the Celtics, salary cap expert Albert Nahmad (link) notes that by trading Baynes and both the No. 20 and No. 24 picks away, Boston now has the ability to increase its cap room to $34.8MM, if Terry Rozier‘s cap hold is renounced (h/t to Marks).

Suns Acquire Saric, Johnson From Wolves For Culver

July 6th, 2019 at 12:55pm CST by Luke Adams

JULY 6: The Timberwolves have officially acquired the draft rights to No. 6 pick Jarrett Culver in exchange for Saric and the rights to No. 11 pick Cameron Johnson, the team announced today in a press release.

JUNE 20: The Timberwolves and Suns have reached an agreement on a trade, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that Minnesota is moving up to No. 6. In exchange for the sixth overall pick, Phoenix is receiving Dario Saric and the No. 11 overall pick, says Woj.

It’s the second trade agreement of the day for the Suns, who also reached a deal to send T.J. Warren and the No. 32 pick to the Pacers. Saric will help fill in the gap in the frontcourt created by Warren’s departure, slotting in as a stretch four alongside franchise center Deandre Ayton.

Saric, 25, averaged 10.6 PPG and 5.6 RPG with a .437/.365/.880 shooting line last season in 81 games for the Sixers and Timberwolves. He was part of the package Philadelphia sent to Minnesota in exchange for Jimmy Butler, and has now been dealt twice in the last year.

Meanwhile, new Timberwolves head of basketball operations Gersson Rosas, who wasn’t part of the front office when the team acquired Saric last fall, is showing right away that he’s not afraid to be aggressive. Minnesota is now in position to potentially draft one of the top point guards of the 2019 class — with the Hawks expected to draft De’Andre Hunter at No. 4, at least one of Darius Garland or Coby White should still be on the board at No. 6.

There have been rumors in recent weeks linking the Timberwolves to point guards, since Tyus Jones and Derrick Rose are headed for free agency and Jeff Teague is entering the final year of his contract. We’ll have to wait to see what Rosas has in mind for the No. 6 pick though.

According to Wojnarowski (via Twitter), Rosas had been trying to move up to No. 4 or No. 5 before ultimately reaching a deal with the Suns for No. 6.

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.