Transactions Rumors | Hoops Rumors

Warriors Trade Andre Iguodala To Grizzlies

July 7th, 2019 at 11:55am CST by Luke Adams

JULY 7: The deal is now official, according to NBA.com’s transactions log. Golden State is receiving guard Julian Washburn, who was on a two-way contract with Memphis last season, while the Grizzlies get $2MM in cash considerations in the deal, as well as Iguodala and the draft pick, tweets Shams Charania of The Athletic.

JUNE 30: The Warriors have reached an agreement to trade Andre Iguodala to the Grizzlies, reports ESPN’s Adrian Wojnarowski (via Twitter). Memphis will also receive a 2024 first-round pick (top-four protected) in the deal, according to Wojnarowski.

Moving Iguodala became a virtual necessity for Golden State once the team agreed to acquire D’Angelo Russell from the Nets in a sign-and-trade deal. The Warriors will pay Russell the maximum salary of $27MM+ in 2019/20.

After taking into account Russell’s salary, Klay Thompson‘s new max deal, and the rest of the team’s commitments, the club was in danger of surpassing the $138.9MM tax apron, which isn’t permitted — when a team acquires a player via a sign-and-trade, it becomes hard-capped at that figure, so shedding salary became a must.

It appears likely that Shaun Livingston and his partially guaranteed $7.7MM salary will be on the way out as well. ESPN’s Bobby Marks breaks down the Dubs’ financial situation more thoroughly via Twitter, but it seems safe to say that the club won’t be able to bring back several of its own free agents, including Kevon Looney.

As Chris Herrington of The Daily Memphian observes (via Twitter), the Grizzlies will be able to take on Iguodala’s $17MM+ salary using the $25MM+ trade exception they’ll create when they officially send Mike Conley to Utah. The team should still be able to retain Delon Wright without going into the tax, but bringing back Avery Bradley appears unlikely, Herrington adds. Kyle Korver seems unlikely to remain in the picture in Memphis either.

It’s not clear whether Iguodala will stick with the Grizzlies. David Aldridge of The Athletic (Twitter links) suggests that Memphis would like to have Iguodala act as a veteran mentor to the team’s young players, but cautions that he wouldn’t rule out the possibility of a buyout. If the veteran swingman is bought out, he wouldn’t be eligible to re-sign with the Warriors in 2019/20.

Whether or not the Grizzlies retain Iguodala, it’s clear that the 2024 first-rounder is the prime asset in the deal. That pick will become top-one protected in 2025 if it doesn’t convey in 2024, according to Woj, who adds that it would be unprotected in 2026 if it doesn’t convey in either of the first two years.

Iguodala, who joined the Warriors in 2013, was a key part of the team’s run of success over the last several years. He won three titles with the club, earning the NBA Finals MVP in 2015.

Photo courtesy of USA Today Sports Images.

Nets Rescind QO For Theo Pinson

July 7th, 2019 at 8:27am CST by Arthur Hill

To free up cap room for their free agent signings, the Nets have withdrawn their qualifying offer for Theo Pinson, tweets Keith Smith of Yahoo Sports. The rookie shooting guard is now an unrestricted free agent.

Undrafted out of North Carolina, Pinson joined the Nets for training camp on an Exhibit 10 contract and earned a roster spot as a two-way player. His deal was converted to a standard NBA contract shortly before the end of the season in April.

Pinson appeared in 18 NBA games in his first season, averaging 4.5 PPG in 11.7 minutes per night. He posted a 20.7/5.9/6.1 line in 34 G League games.

Sixers Trade Bruno Fernando To Hawks For Bone, Future Picks

July 7th, 2019 at 12:48am CST by clarkcrum

JULY 7: The trade has been officially completed, according to a press release issued by the Hawks. Bone will be flipped to the Pistons by the Sixers.

JUNE 20: The Sixers selected Maryland big man Bruno Fernando with the No. 34 overall selection in this year’s draft, but he will not play in Philadelphia, per Shams Charania of The Athletic and Stadium, who tweets that the 76ers have traded Fernando to the Hawks for two future second-rounders and the No. 57 pick.

Kyle Neubeck of PhillyVoice reports that in addition to the No. 57 pick, Philadelphia will get Atlanta’s 2020 second-round pick (56-60 protected) and the most favorable of Atlanta’s, Charlotte’s, and Brooklyn’s 2023 second-round picks.

The Hawks were said to have interest in Fernando a little less than a month ago today, so it comes as no surprise that the team traded up into the top of the second round to draft the Maryland product.

Fernando averaged a double-double (13.6 PPG, 10.6 RPG) to go along with 1.9 BPG and a .607 FG% in 34 games for the Terrapins in 2018/19.

Hawks, Pelicans Finalize De’Andre Hunter Trade

July 7th, 2019 at 12:39am CST by Luke Adams

JULY 7: The Pelicans and Hawks have officially finalized their trade, which was initially agreed upon on draft night. The deal looks like this:

Hawks acquire Solomon Hill, the draft rights to De’Andre Hunter (No. 4 pick), the draft rights to Jordan Bone (No. 57 pick), and a conditional 2023 second-round pick.
Pelicans acquire the draft rights to Jaxson Hayes (No. 8 pick), the draft rights to Nickeil Alexander-Walker (No. 17 pick), the draft rights to Marcos Louzada Silva (No. 35 pick), and the Cavaliers’ 2020 first-round pick (top-10 protected).
- Note: The Cavaliers’ protected 2020 first-rounder will become two second-round picks (2021 and 2022) if it’s not conveyed in 2020.

JUNE 20: The Pelicans have reached an agreement with the Hawks on a trade that will send the No. 4 overall pick to Atlanta, league sources tell ESPN’s Adrian Wojnarowski (Twitter link). Chris Haynes of Yahoo Sports (Twitter link) first reported that the two teams were close to a deal.

According to Wojnarowski, New Orleans is receiving the Nos. 8, 17, and 35 picks in tonight’s draft in exchange for Nos. 4 and 57, along with Solomon Hill‘s expiring contract and a future second-round pick. The Pelicans will also acquire Cleveland’s heavily protected 2020 first-rounder from the Hawks, Woj adds (via Twitter).

League sources tell Wojnarowski (Twitter link) that the Hawks are focused on drafting Virginia forward De’Andre Hunter with the fourth overall pick. A report earlier this week indicated that Atlanta was “very high” on Hunter, who reportedly didn’t work out for any teams besides besides the Hawks.

Shams Charania of The Athletic reports (via Twitter) that Hunter and Duke forward Cam Reddish are the two players Atlanta has targeted at No. 4, adding that the team is leaning toward Hunter. According to Jake Fischer of SI.com (Twitter link), Reddish’s camp has believed that the Hawks would keep No. 10 in a trade-up scenario, potentially to draft the Duke prospect with that selection.

Atlanta will indeed keep No. 10 in this deal with New Orleans. Having initially held six picks in the top 44, the Hawks have now traded away five of those picks (and taken on Hill’s unwanted $12.76MM salary for next season), but still hold Nos. 4, 10, and 57. They’re in position to draft a pair of top-10 prospects, including one they were willing to move up four spots for.

As for the Pelicans, new head of basketball operations David Griffin continues to stockpile assets — the team now holds five of the top 39 selections in this draft, including Nos. 1, 8, and 17. New Orleans also got out from under the final year of Hill’s contract, creating additional cap flexibility for free agency.

Technically, the Pelicans haven’t yet officially acquired the No. 4 pick from the Lakers, since the Anthony Davis blockbuster will have to be finalized in July. The same is true of the No. 17 pick, which the Hawks are acquiring in the not-yet-completed Allen Crabbe deal. Those trades will be officially finalized once the new league year begins, then this deal between New Orleans and Atlanta can be formally completed.

The Cavaliers’ pick headed to New Orleans in this swap is currently top-10 protected for 2020 and will become two second-rounders (in 2021 and 2022) if it doesn’t convey next season. It’s not clear if the Hawks added any additional protections, but given Cleveland’s outlook, it looks like that pick probably won’t end up being a real first-rounder.

Speaking of the Cavaliers, they’re receiving a ton of interest for the No. 5 pick, according to Jake Fischer of SI.com, who points out (via Twitter) that that could be the spot for Darius Garland now. The Vanderbilt point guard was previously considered the favorite to be the No. 4 pick.

Grizzlies Sign Brandon Clarke To Rookie Contract

July 7th, 2019 at 12:34am CST by Luke Adams

Shortly officially finalizing their trade with the Thunder to acquire his draft rights, the Grizzlies have officially signed No. 21 overall pick Brandon Clarke to his rookie scale contract, according to NBA.com’s transactions log.

Clarke, 22, was viewed as a potential lottery pick entering the draft after he posted 16.9 PPG, 8.6 RPG, and a .687 FG% in his junior year at Gonzaga. When Clarke slipped a little, Memphis took advantage of his slide by packaging the No. 23 pick with a future second-rounder to move up to No. 21 to nab him.

As our chart of rookie scale salaries shows, Clarke’s first NBA deal figures to be worth approximately $2.48MM in year one and $12.15MM if he plays out the full four seasons.

Teams haven’t wasted any time in locking up their first-round picks to rookie contracts — Clarke is already the 19th of 30 first-rounders to formally sign, joining teammate Ja Morant in that group.

Jonathon Simmons Released By Wizards

July 7th, 2019 at 12:13am CST by Arthur Hill

The Wizards have waived Jonathon Simmons, tweets Candace Buckner of The Washington Post. He had just a $1MM guarantee on his $5.7MM salary for next season.

Washington acquired Simmons along with the 42nd pick in a draft-day trade with the Sixers, sending cash considerations in return. The Wizards used that pick to select Admiral Schofield of Tennessee.

Simmons, 29, went undrafted out of Houston in 2012, but was able to earn a spot on the Spurs‘ roster in 2015. He was impressive enough in San Antonio to earn a three-year, $20MM contract from the Magic in 2017. Simmons played a combined 56 games this season between Orlando and Philadelphia, averaging 6.5 points per night.

By parting ways with Simmons, Washington will gain a little breathing room below the luxury-tax line. Having acquired Davis Bertans from the Spurs earlier today, the Wizards projected to be a possible taxpayer, but removing Simmons’ $4.7MM partial guarantee from their books alleviates that concern for now.

Assuming he goes unclaimed on waivers, Simmons will become an unrestricted free agent early next week.

Mavericks Preparing Offer Sheet For Delon Wright

July 6th, 2019 at 10:30pm CST by Arthur Hill

The Mavericks are targeting Grizzlies restricted free agent Delon Wright and could have his signature on an offer sheet by the end of the night, a league source tells Brad Townsend of The Dallas Morning News (Twitter link). Memphis will have 48 hours to decide whether to match the offer once it’s submitted to the league office.

The 27-year-old point guard took advantage of increased playing time after he was shipped from the Raptors to the Grizzlies in February as part of the Marc Gasol trade. In 26 games with Memphis, Wright posted career highs with 12.2 points, 5.4 rebounds and 5.3 assists.

Earlier in the night, Mavericks owner Mark Cuban told Townsend that the team was virtually done in free agency outside of an “opportunistic” situation, which turned out to be Wright (Twitter link). ESPN’s Tim MacMahon tweeted that the Mavs are waiting to finalize their deals from the past week while they search the trade market for ways to utilize their cap space, which goes away when all the transactions become official. That doesn’t include the Seth Curry signing, which is being done with cap room, and the extension for Dwight Powell, which doesn’t take effect until next season.

The Grizzlies have been making an effort to clear salary to better position themselves to keep Wright without going into tax territory. Their latest move came earlier today when they waived Avery Bradley.

Lakers Officially Acquire Anthony Davis In Three-Team Trade

July 6th, 2019 at 9:54pm CST by Luke Adams

The Lakers, Pelicans, and Wizards have officially completed the three-team trade that makes Anthony Davis a Laker. All three teams issued press releases tonight to announce the deal. The structure of the trade is as follows:

Lakers acquire Anthony Davis.
Pelicans acquire Lonzo Ball, Brandon Ingram, Josh Hart, the draft rights to De’Andre Hunter (No. 4 pick), the Lakers’ 2021 first-round pick (9-30 protected; unprotected in 2022), the Lakers’ 2024 first-round pick (unprotected), the right to swap 2023 first-round picks with the Lakers, and cash ($1.1MM; from Wizards).
- Note: The Pelicans will also have the option to defer the 2024 first-round pick to 2025.
Wizards acquire Moritz Wagner, Isaac Bonga, Jemerrio Jones, and the Lakers’ 2022 second-round pick.

The long-awaited deal was held up slightly today as the Lakers officially finalized a series of signings using their cap room. In order to maximize its cap space, the club had to sign free agents first before acquiring Davis. Danny Green, DeMarcus Cousins, Kentavious Caldwell-Pope, Quinn Cook, and JaVale McGee all signed their contracts with the Lakers since the July moratorium ended this afternoon.

The Pelicans, meanwhile, will now flip the rights to Hunter to the Hawks in a separate deal, putting the No. 4 pick on track to join his new team for Summer League action. Once the deal is done, Atlanta will also be able to complete its trade with the Sixers involving Bruno Fernando and Jordan Bone, then Philadelphia will be able to flip Bone to the Pistons.

For more details on one of the summer’s biggest trades, be sure to check out our previous stories on the Lakers/Pelicans aspect of the deal, as well as the Lakers/Wizards part of the swap.

Suns Sign Cameron Johnson, Ty Jerome, Jalen Lecque

July 6th, 2019 at 9:51pm CST by Arthur Hill

First-round pick Cameron Johnson has signed his rookie scale contract with Phoenix, according to the NBA’s transactions log.

The Suns selected the sharpshooting forward out of North Carolina with the No. 11 pick after trading down from No. 6 in a deal with the Timberwolves. The move represented the biggest surprise in the lottery.

[RELATED: 2019 NBA Draft Pick Signings]

Terms of Johnson’s contract weren’t announced, but under the rookie scale he is eligible to earn $4,033,440, $4,235,160, $4,437,000 and $5,887,899 in his first four seasons.

Phoenix also signed the 24th pick, Ty Jerome, who was acquired in a trade with the Celtics, and Jalen Lecque, who agreed to sign with the Suns shortly after he went undrafted (Twitter link). Like Johnson, Jerome will get a standard rookie scale contract, but terms of Lecque’s deal aren’t known.

Hornets Acquire Terry Rozier Via Sign-And-Trade

July 6th, 2019 at 8:58pm CST by Luke Adams

JULY 6: The trade is official, the Hornets announced in a press release. In addition to swapping Walker for Rozier, Charlotte has received a protected 2020 second-round pick and sent a 2020 second-rounder to Boston. The pick going to the Celtics is coming from the Knicks or Nets through the Magic, tweets Rick Bonnell of The Charlotte Observer. “We’re excited to be able to acquire Terry in this sign-and-trade deal,” Hornets GM Mitch Kupchak said. “He is an up-and-coming player who has shown continued improvement in his four NBA seasons, and we believe he can take that next step as a starting point guard in this league.”

JUNE 30: The Hornets are on track to acquire Celtics RFA point guard Terry Rozier via a sign-and-trade deal, reports Shams Charania of The Athletic (via Twitter). According to Charania, Rozier will get a three-year, $58MM deal, and it will be fully guaranteed (Twitter link).

Rozier will replace longtime Hornets point guard Kemba Walker in Charlotte’s backcourt, with Walker reportedly set to join the Celtics. The Hornets entered the offseason projected to be an over-the-cap team with no room available to make a bid for Rozier, so working out a sign-and-trade with Boston involving Kemba will allow them to add a quality replacement at the point.

Rozier, 25, had a down year in 2018/19 as he struggled with an inconsistent role coming off the bench behind Irving. However, he flashed serious upside down the stretch in 2017/18, averaging 16.5 PPG, 5.7 APG, and 5.3 RPG in 19 playoff games that spring. The Hornets will be counting on him to recapture that form in Charlotte.

As cap expert Albert Nahmad details (via Twitter), the Hornets, Celtics, and Nets may complete a three-way deal involving a handful of signed-and-traded players, with Kyrie Irving headed to Brooklyn. While such a deal could theoretically work financially, the Nets would need to be incentivized to cooperate and help out two conference rivals.

The Hornets will become hard-capped as a result of acquiring Rozier via a sign-and-trade, tweets ESPN’s Bobby Marks. The Celtics would also face a hard cap if they land Walker via sign-and-trade. Both teams would be prohibited from spending beyond the $138,928,000 tax apron during the 2019/20 league year.

If they can acquire Walker without using cap room and remain an over-the-cap team, the Celtics could retain Al Horford‘s Bird rights and could technically bring him back. Chris Mannix of SI.com and Keith Smith of RealGM suggest (via Twitter) that Boston is aggressively exploring avenues to make that work, but Steve Bulpett of The Boston Herald (Twitter link) hears from a source close to Horford that he’s still unlikely to return.

Photo courtesy of USA Today Sports Images.