Transactions Rumors | Hoops Rumors

Sixers Sign Raul Neto

July 12th, 2019 at 8:10am CST by Arthur Hill

JULY 12: The Sixers have officially signed Neto to his new contract, the team announced today in a press release.

“By adding Raul to our roster, we’ve gained an experienced and valuable veteran who is a tremendous passer with great court vision,” GM Elton Brand said in a statement. “We’re fortunate that he’s now a member of the 76ers and we’re eager to integrate him into our team.”

JULY 3: Raul Neto, who was waived Sunday by the Jazz, will sign with the Sixers when the moratorium lifts on Saturday, tweets Eric Woodyard of The Deseret News. It will be a one-year deal at the veteran’s minimum, according to Shams Charania of The Athletic (Twitter link).

Utah had to get rid of Neto’s $2.15MM salary to open enough cap space to complete a trade with Memphis for Mike Conley. Neto’s contract for next season would have become fully guaranteed on July 6.

Neto, 27, had spent his entire four-year career with the Jazz after they acquired his draft rights from the Hawks. He has been a valuable backup point guard at times, but has only played 40, 41 and 37 games the past three seasons. He averaged 5.3 points and 2.5 assists this year in about 13 minutes per night.

The Sixers need a new point guard off their bench after losing free agent T.J. McConnell, who will sign with the Pacers.

Sixers Re-Sign James Ennis To Two-Year Deal

July 12th, 2019 at 7:38am CST by Luke Adams

JULY 12: Ennis, who expressed his confidence in the Sixers’ 2019/20 outlook earlier this week, has now officially signed his new deal with the team, per a press release.

“We are excited to welcome James back to the 76ers,” GM Elton Brand said in a statement. “James had opportunities elsewhere, but he is determined to win here in Philadelphia. That’s the type of competitor he is, and it shows how much he cares about our fans and team. His heart, hustle and playmaking were integral to our success last season and we’re thrilled to have him back.”

JULY 2: Free agent swingman James Ennis has agreed to return to the Sixers on a two-year, $4.1MM deal, reports Shams Charania of The Athletic (Twitter link). The deal features a second-year player option, according to Charania, who adds that Ennis turned down bigger offers to stay in Philadelphia.

Ennis, who celebrated his 29th birthday on Monday, joined the 76ers in a midseason trade after beginning the 2018/19 season in Houston. In a total of 58 games for the two clubs, he averaged 6.7 PPG and 3.1 RPG on .469/.353/.716 shooting, serving as a three-and-D option.

Reports indicated that the Knicks, Lakers, and Clippers were among the teams that had interest in Ennis this week. A source told Hoops Rumors’ JD Shaw that the Bulls, Spurs, and Mavericks also had interest.

However, Ennis, who told Hoops Rumors last month that he’d “love to come back” to the Sixers, will do just that — Charania suggests that the opportunity to play for a championship contender appealed to the veteran free agent.

It’s not clear whether Ennis’ deal will be a minimum-salary pact or if the Sixers will use their last bit of remaining cap room to complete the deal. A two-year deal at the minimum would be worth $4,012,890, so that seems like a strong possibility.

While Philadelphia lost Jimmy Butler and J.J. Redick in free agency, the team has done a good job filling out its roster with both impact players and role players. Tobias Harris, Mike Scott, and Ennis will be back, and will be joined by new additions like Al Horford, Josh Richardson, and Kyle O’Quinn.

Photo courtesy of USA Today Sports Images.

Celtics Sign Grant Williams, Romeo Langford

July 11th, 2019 at 10:40pm CST by ChrisCrouse

The Celtics have signed Romeo Langford and Grant Williams, according to a team press release.

Langford was the No. 14 overall pick in this year’s draft. The wing spent one year at Indiana, where he scored 16.5 points per game on 44.8% shooting. He’ll make approximately $3.46MM in the first year of his rookie deal, assuming he signed for the typical 120% of the rookie scale.

Williams spent three seasons at Tennessee and was selected with the no. 22 overall pick in this year’s draft. During his junior season, he scored 18.5 points and swatted 1.5 blocks per game. The big man will make roughly $2.38MM during the 2019/20 season, assuming he also signed for the typical 120% of the rookie scale.

Bucks Re-Sign Khris Middleton

July 11th, 2019 at 7:28pm CST by JD Shaw

JULY 11: Middleton’s new deal with the Bucks is now official, the team confirmed today in a press release.

“Khris is a critical piece of our core,” GM Jon Horst said in a statement. “As an All-Star, Khris was an integral part of us winning 60 games and advancing to the Eastern Conference Finals. He has also established himself as a leader on our team both on the court and in the community. We’re thrilled Khris is staying in Milwaukee and look forward to even more success together.”

JUNE 30: Free agent Khris Middleton will re-sign with the Bucks on a five-year, $178MM contract, according to ESPN’s Adrian Wojnarowski (Twitter link). The deal is expected to include a player option in the final season.

Middleton, 27, is coming off a season where he averaged 18.3 points, six rebounds and 4.3 assists per game, shooting 44% from the field and 38% from 3-point range. He was a key contributor to the Bucks’ success last season, helping the team reach the Eastern Conference Finals.

Middleton was eligible to receive a maximum salary of $189,903,600 on a five-year contract, so the Bucks will get a slight discount below that rate. Milwaukee is still paying him more than he could have received from any other team — a rival suitor’s offer would have maxed out at around $141MM over four years.

Milwaukee is also expected to re-sign center Brook Lopez to a four-year, $52MM deal, as reported by Wojnarowski. The team will bring back veteran guard George Hill as well, agreeing to re-sign him to a three-year, $29MM deal after waiving him to avoid a $17MM guarantee for 2019/20.

While the Bucks did well to lock up most of their key free agents, Malcolm Brogdon won’t be back. The Bucks have reportedly agreed to a sign-and-trade to send Brogdon to the Pacers, who will pay him $85MM over four years. Milwaukee will get back multiple draft picks, including a first-rounder, in exchange for Brogdon.

The Bucks are on track to stay out of the tax with Brogdon out of the picture. The team could use its $4.8MM room exception to add another rotation piece.

Photo courtesy of USA Today Sports Images. Luke Adams contributed to this post.

Tyus Jones Officially Joins Grizzlies After Wolves Decline To Match Offer Sheet

July 11th, 2019 at 7:27pm CST by Luke Adams

JULY 11: Jones’ contract with the Grizzlies is now official, per a press release from the team.

JULY 9: The Timberwolves have opted not to match Tyus Jones‘ three-year offer sheet with the Grizzlies, reports ESPN’s Adrian Wojnarowski (via Twitter). The decision, which was due by midnight eastern time, will pave the way for the restricted free agent to finalize his deal with Memphis and become the newest member of the Grizzlies’ backcourt.

Gersson Rosas, the Wolves’ new president of basketball operations, has issued a statement confirming that the Wolves will let Jones join the Grizzlies, as Darren Wolfson of SKOR North relays (via Twitter).

“We sincerely thank Tyus for his contributions on the court and Tyus and the entire Jones family for their genuine impact on the Twin Cities community,” Rosas said. “We wish them nothing but the best in Memphis.”

Jones became the first restricted free agent of the 2019 offseason to sign an offer sheet on Sunday. It’s the second consecutive year that the Grizzlies have used their mid-level exception to poach an RFA from a Western Conference rival — they did so with Spurs forward Kyle Anderson a year ago.

Jones, 23, averaged 6.9 PPG, 4.8 APG, and 1.2 SPG last year in 68 games (22.9 MPG) for Minnesota. While his numbers don’t jump off the page, he’s a solid defender who grades out well analytically. He’ll join a Grizzlies point guard rotation that figures to feature a heavy dose of No. 2 overall pick Ja Morant, along with newly-acquired youngster De’Anthony Melton. Memphis sent longtime point guard Mike Conley to Utah and signed-and-traded Delon Wright to Dallas earlier this offseason.

According to Bobby Marks of ESPN.com (via Twitter), Jones’ three-year deal has a first-year base value of $8.4MM with $850K in likely bonuses. It has a descending structure but can be worth close to $27MM in total. The former Duke Blue Devil told Sean Deveney this week that he’s “excited” to join the Grizzlies, and hopes to help establish a winning culture in Memphis (Twitter link).

As Marks notes, the Timberwolves – having just claimed Tyrone Wallace on waivers – would have been slightly over the tax line if they had matched Jones’ offer sheet. Additionally, the Wolves are pursuing maximum-salary cap room in 2020 and adding Jones’ multiyear deal to their books would’ve complicated that goal, tweets Wojnarowski.

With Jones and departed free agent Derrick Rose out of the picture, Minnesota has Jeff Teague, Shabazz Napier, and Wallace in the mix at point guard. The team may continue to explore its options to fortify the position.

Now that Jones is off the board, only one restricted free agent – Kelly Oubre of the Suns – remains on the market.

Photo courtesy of USA Today Sports Images.

Jonas Valanciunas Re-Signs With Grizzlies

July 11th, 2019 at 7:22pm CST by Arthur Hill

JULY 11: The Grizzlies have officially re-signed Valanciunas, the team announced today in a press release.

JUNE 30: The Grizzlies and Jonas Valanciunas have agreed to terms on a three-year, $45MM deal, tweets ESPN’s Adrian Wojnarowski.

According to Chris Herrington of The Daily Memphian (via Twitter), the contract will have a descending structure, so it will likely start around $16MM. Wojnarowski first reported (via Twitter) several hours before free agency began that Valanciunas would be staying in Memphis on a three-year, $45MM deal.

The Grizzlies acquired the 27-year-old center in a February trade that sent Marc Gasol to Toronto. Valanciunas put up career-best number in 19 games with Memphis, averaging 19.9 points and 10.7 rebounds per night.

The fifth pick in the 2011 draft, Valanciunas was part of the Raptors’ foundation for six and a half years before being traded. Earlier this month, he opted out of a $17,617,976 salary for next season.

At three years, Valanciunas’ new contract will expire before the Grizzlies’ next deal for Jaren Jackson Jr., notes Chris Herrington of The Daily Memphian (Twitter link).

Photo courtesy of USA Today Sports Images.

Heat Sign Chris Silva To Exhibit 10 Deal

July 11th, 2019 at 7:15pm CST by ChrisCrouse

The Heat have signed Chris Silva to an Exhibit 10 deal, according to a team press release. The forward has been playing for the franchise’s Summer League team in Las Vegas.

Silva was not selected in the 2019 draft out of South Carolina, though he did work out for the team during the pre-draft process. He spent four years at the University, earning All-SEC First Team honors as a senior.

Miami also announced that it has signed Jeremiah Martin to a similar deal. It was reported after the draft that the guard would join the Heat on an Exhibit 10 pact.

Alec Burks Signs With Warriors

July 11th, 2019 at 5:46pm CST by Luke Adams

JULY 11: Burks has officially put pen to paper on his deal with the Warriors, the team announced on its Twitter feed.

JULY 8: After initially reaching an agreement with the Thunder early in free agency, guard Alec Burks will instead sign a one-year contract with the Warriors, agent JR Hensley tells Shams Charania of The Athletic (Twitter link).

As Charania explains (via Twitter), since Burks and Mike Muscala agreed to sign with the Thunder before the Paul George trade developed, Oklahoma City allowed both players to re-evaluate their situations, if they so chose. Muscala remains committed to the Thunder, but Burks will head to Golden State instead of OKC.

“Alec was extremely appreciative about how the Thunder handled the situation and he’s looking forward to his new opportunity,” Hensley told Charania.

A former lottery pick, Burks is a career 35.5% three-point shooter and can defend perimeter players, so he figures to become part of Golden State’s wing rotation. 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.

While terms of Burks’ deal weren’t reported, it will almost certainly be a minimum-salary deal, given the Warriors’ cap constraints.

Sixers Sign Kyle O’Quinn

July 11th, 2019 at 3:05pm CST by Dana Gauruder

JULY 11: The Sixers continue to finalize their contract agreements from the first week of free agency, announcing today in a press release that they’ve officially signed O’Quinn.

JULY 1: Veteran big man Kyle O’Quinn will sign a one-year contract with the Sixers, Kyle Neubeck of The Philly Voice tweets.

O’Quinn will receive the veteran’s minimum and provide depth behind Joel Embiid and Al Horford, who has committed to the Sixers in free agency.

O’Quinn will be joining his fourth team during his NBA career. He played three seasons for the Magic and another three for the Knicks. Last season, he played a backup role for the Pacers, appearing in 45 games and averaging 3.5 PPG and 2.6 RPG in 8.2 MPG.

In a separate transaction, the team has renounced the rights to 2017 first-round pick Anzejs Pasecniks, Sam Amick of The Athletic tweets. The 23-year-old center was a draft-and-stash prospect. Pasecniks wants to play in the NBA next season and the Sixers did not want to add him to the roster due to salary-cap issues, Amick adds in another tweet. Pasecniks’ cap hold was $2.1MM.

Warriors Re-Sign Kevon Looney To Three-Year Deal

July 11th, 2019 at 1:15pm CST by Luke Adams

JULY 11: The Warriors have officially re-signed Looney, the team confirmed today in a press release.

JULY 2: Looney’s new deal features a third-year player option, tweets Mark Medina of The Mercury News.

JULY 1: The Warriors will bring back free agent big man Kevon Looney, according to Shams Charania of The Athletic, who reports (via Twitter) that the two sides have agreed to a three-year, $15MM deal. As Charania details (via Twitter), the Warriors met with Looney over the weekend and reached an agreement with him and agent Todd Ramasar on Monday.

Looney, the 30th overall pick in the 2015 draft, hasn’t put up huge numbers during his four seasons in Golden State, but he has becoming an increasingly important part of the team’s rotation in recent years.

In 2018/19, the 23-year-old averaged 6.3 PPG and 5.2 RPG on 62.5% shooting in 80 games (18.5 MPG) for the Warriors. While he generally came off the bench, he emerged as the team’s most reliable center in the postseason due to his ability to switch on defense and hold his own against perimeter players.

The Warriors held Looney’s Bird rights this offseason, which gave them the ability to offer him any salary up to the max. However, by acquiring D’Angelo Russell in a sign-and-trade deal with the Nets, Golden State will face a hard cap of $138.9MM, the amount of the tax apron.

It wasn’t clear whether the Warriors would find a way to squeeze Looney – arguably their most important free agent beyond Klay Thompson and Kevin Durant – below that hard cap, since he appeared likely to receive plenty of interest on the open market. However, the Dubs got a good price to bring him back, and will presumably fill most of the rest of their roster with minimum-salary contracts to sneak below that $138.9MM threshold.

Bobby Marks of ESPN.com goes into detail on just how close the Warriors project to come to that hard cap.

Photo courtesy of USA Today Sports Images.