Transactions Rumors | Hoops Rumors

Pelicans Waive Dairis Bertans

July 7th, 2019 at 4:27pm CST by clarkcrum

4:27pm: Bertans’ release is now official, per NBA.com’s transactions log. According to Lithuanian journalist Donatas Urbonas (Twitter link), the 29-year-old has already reached an agreement to sign with Russian club Khimki.

3:04pm: According to his agent, Arturs Kalnitis (Twitter link), the Pelicans will waive guard Dairis Bertans. Per Kalnitis’ tweet, it appears unlikely that Bertans will be claimed off waivers by another NBA team.

The news isn’t entirely unexpected, as the Pelicans would have had 17 players on standard contracts after the team’s trade for Lonzo Ball, Brandon Ingram, and Josh Hart, reported trade for Derrick Favors, and reported signings of J.J. Redick, Darius Miller, and Nicolo Melli all came through.

Teams are permitted to have as many as 20 players on their roster during the offseason, but the Pelicans didn’t have the necessary cap space to sign Redick and trade for Favors without trimming some salary from their roster. By waiving Bertans, the Pelicans now figure to be able to complete those two deals, depending on the value of the first-year salary of Redick’s new contract.

Based on my math, the Pelicans can sign Redick to a starting salary of $12,853,641 after waiving Bertans (assuming Melli is signed with the room exception). With standard 5% raises, the total value of Redick’s contract would be just under $26.35MM, which is in line with the reported $26.5MM value.

As for Bertans, the 29-year-old Latvian will likely return to Europe after his one-year stay in the NBA, where he averaged 2.8 PPG in 12 games with the Pelicans.

Pelicans Acquire Derrick Favors For Two Second-Rounders

July 7th, 2019 at 3:37pm CST by JD Shaw

JULY 7: The Jazz have officially traded Favors to the Pelicans, according to press releases issued by both teams.

Utah’s press release features a statement from owner Gail Miller praising Favors and thanking him for his “immeasurable contributions” to the organization. Meanwhile, Pelicans head of basketball operations David Griffin said in a statement that New Orleans is “ecstatic” to acquire a “player and person of Derrick’s caliber.”

“As a selfless, 27-year old elite rim protector, with what we believe is untapped offensive potential, he is just entering his prime,” Griffin said of Favors. “We believe he will be a vital piece of our nucleus moving forward.”

JULY 1: The Pelicans will send Utah the Warriors’ 2021 and 2023 second-round picks in the swap, tweets ESPN’s Adrian Wojnarowski. New Orleans had initially acquired both picks in a draft-night deal with Golden State.

JUNE 30: The Pelicans have agreed to acquire forward Derrick Favors in a trade with the Jazz, according to Tony Jones of The Athletic (Twitter link). New Orleans will send draft picks in exchange for Favors, Jones adds.

ESPN’s Zach Lowe was first to report Utah’s desire to move Favors to New Orleans, with the two sides reaching a deal hours into the first night of free agency.

The Jazz worked to trade Favors’ contract after reaching agreement on a four-year, $73MM deal with free agent Bojan Bogdanovic earlier in the night.

Favors, 27, has spent the past nine years of his career with the Jazz. He averaged 11.8 points, 7.4 rebounds and 23.2 minutes per game last season, starting in 70 of a possible 76 games.

Photo courtesy of USA Today Sports Images.

Pelicans Sign Hayes, Alexander-Walker

July 7th, 2019 at 3:19pm CST by clarkcrum

The Pelicans have inked their two first-rounders from the 2019 NBA Draft not named Zion, agreeing to terms with both big man Jaxson Hayes (No. 8 overall) and guard Nickeil Alexander-Walker (No. 17 overall), per the NBA.com’s transactions log.

Assuming both players signed for the standard 120% of the rookie-scale, Hayes will earn $4,862,040 in his rookie season and $22,118,492 over the life of the contract, while Alexander-Walker will earn $2,964,840 in his first season and $14,349,113 over four years.

In his lone season at Texas, Hayes appeared in 32 games, averaging 10.0 PPG. 5.0 RPG, and an impressive 2.2 BPG en route to being named the 2018/19 Big 12 Rookie of the Year.

As for Alexander-Walker, he averaged 16.2 PPG, 4.1 RPG, and 4.0 APG during his sophomore season for Virginia Tech after averaging 10.7 points and 3.8 rebounds per game as a freshman. For his efforts last year, he was named 2018/19 Third Team All-ACC.

Sixers Sign Marial Shayok To Two-Way Contract

July 7th, 2019 at 3:11pm CST by Luke Adams

The Sixers have officially signed second-round pick Marial Shayok to a two-way contract, the team announced today in a press release.

[RELATED: 2019 NBA Draft Pick Signings]

In a statement within the team’s press release, 76ers general manager Elton Brand calls Shayok, a former Iowa State wing, a “natural-born scorer who is committed to being a tough defender.”

The 54th overall pick in the draft, Shayok spent his final college season at Iowa State, where he got a chance to take on a starring role after three years at Virginia. In his senior year, the 6’6″ Canadian averaged 18.7 PPG, 4.9 RPG, and 2.0 APG, with a shooting line of .496/.386/.878, earning First Team All-Big 12 honors.

Philadelphia signed Norvel Pelle to a two-way contract on Tuesday, so Pelle and Shayok appear poised to open the 2019/20 season as the club’s two-way players. They figure to split time between the NBA club and the Delaware Blue Coats, the Sixers’ G League affiliate.

Hawks Officially Sign De’Andre Hunter, Bruno Fernando

July 7th, 2019 at 1:51pm CST by clarkcrum

The Hawks have officially signed two of their rookies to their first NBA contracts, announcing today in a pair of press releases (links here) that they’ve finalized contracts with lottery-selection De’Andre Hunter and second-rounder Bruno Fernando.

Hunter, the No. 4 overall section in last month’s draft, was traded to Atlanta from New Orleans after being part of the trade that sent Anthony Davis to the Lakers. Locked in to the NBA’s rookie scale, Hunter will make just under $7.07MM in his rookie season. Should he play out his full four-year rookie contract he’ll earn approximately $32.1MM.

The 21-year-old forward was named the ACC Defensive Player of the Year and All-ACC First Team en route to leading Virginia to the NCAA Championship last season. He averaged 15.2 points, 5.1 rebounds and 2.0 assists in 32.5 minutes per game while shooting an impressive 43.8% from three-point range.

As for Fernando, the terms of his new contract are unclear. The Hawks still have a two-way contract slot open after coming to terms with fellow rookie Charlie Brown Jr.; however, it’s likely Fernando’s signing would have been reported as a two-way contract if he was taking the other spot beside Brown.

It’s more likely that the Hawks will use some of their substantial remaining cap space (about $14MM) to accommodate a three to four-year contract with the Maryland big man. A three-year pact at the minimum would see Fernando earn nearly $4.2MM. I anticipate the deal to be in that vicinity, with perhaps a higher first-year salary somewhere between $1MM to 1.5MM.

Kings Sign Kyle Guy To Two-Way Deal

July 7th, 2019 at 1:19pm CST by clarkcrum

The Kings and rookie guard Kyle Guy have finalized an agreement for Guy to fill one of the team’s two-way contracts for the 2019/20 season, according to an official release from the team (h/t to Jason Jones of The Athletic).

Guy, the 55th overall selection in the 2019 NBA Draft, has already appeared in four Summer League games with the Kings, including a 21-point performance in Sacramento’s Las Vegas Summer League debut against the Chinese National Team.

A key part of Virginia’s run to a national title last season, Guy averaged 15.4 points, 4.5 rebounds, 2.1 assists and 35.4 minutes per game in 38 games (38 starts) during his junior season for the Cavaliers. He was named All-ACC First Team and Final Four Most Outstanding Player.

Wenyen Gabriel and Troy Williams occupied the Kings’ two-way slots during the 2018/19 season, but Williams is a free agent, so Guy’s deal appears to indicate that he and Gabriel are on track to hold the team’s two two-way slots for the 2019/20 season.

Bulls Acquire Tomas Satoransky Via Sign-And-Trade

July 7th, 2019 at 1:09pm CST by Luke Adams

JULY 7: The Bulls’ acquisition of Satoransky via sign-and-trade is now official, the team announced in a press release.

JULY 1: The Bulls have reached an agreement with the Wizards to acquire restricted free agent point guard Tomas Satoransky via a sign-and-trade deal, reports ESPN’s Adrian Wojnarowski (via Twitter).

In return, the Wizards will acquire two second-round picks. The 2023 second-round pick (protected 31-36) that the Bulls sent the Wizards in the Otto Porter trade will also have its protections removed as part of this deal, according to David Aldridge of The Athletic (via Twitter).

Wojnarowski (via Twitter) has the full details on the assets the Wizards are acquiring from the Bulls. They are as follows:

Either the Bulls’ or Grizzlies’ 2020 second-round pick (whichever is more favorable).
The right to swap the Lakers’ 2022 second-round pick for either the Bulls’ or Pistons’ 2022 second-round pick (whichever is more favorable).
The 31-36 protection removed from the Bulls’ 2023 second-round pick.

According to Wojnarowski, Satoransky will ink a three-year contract with Chicago. Emiliano Carchia of Sportando (Twitter link) hears the deal will be worth $30MM, while Johnson tweets that the third year isn’t expected to be fully guaranteed.

A former second-round pick, Satoransky has spent his first three NBA seasons in Washington, and assumed the starting point guard role when John Wall when down last season. In 2018/19, he averaged 8.9 PPG, 5.0 APG, and 3.5 RPG in 80 games (27.1 MPG).

While Satoransky isn’t a big-usage player, he has been an efficient caretaker in the backcourt. Last season, he shot .485/.395/.819 and turned the ball over just 1.5 times per game.

The Bulls entered the summer with about $23MM in cap room and intended to use it on a pair of veterans, including a point guard. They reached a three-year, $41MM deal with Thaddeus Young on Sunday night, and now figure to use their leftover space to finalize the acquisition of Satoransky. According to Wojnarowski (via Twitter), the 27-year-old will get the opportunity to start at the point for the Bulls, who will presumably be patient with lottery pick Coby White.

As for the Wizards, they agreed to terms with Ish Smith this morning, but will be in the market for more point guard help with Wall expected to be sidelined for a good chunk of 2019/20. According to Aldridge (via Twitter), they’re talking to Isaiah Thomas and hope there’s a fit there.

Photo courtesy of USA Today Sports Images.

Grizzlies Trade Parsons To Hawks For Plumlee, Hill

July 7th, 2019 at 12:52pm CST by Luke Adams

JULY 7: The trade is official, the Hawks announced in a press release.

JULY 3: The Grizzlies and Hawks have agreed to a trade, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that Memphis will send Chandler Parsons to Atlanta in exchange for Solomon Hill and Miles Plumlee.

Like the Hawks’ trade earlier this offseason of Kent Bazemore for Evan Turner, this deal will be a swap of expiring contracts and will be a virtual wash in terms of salary. Unlike that Bazemore/Turner trade though, it’s not clear if any of the players involved in this deal will actually see regular playing time in 2019/20.

Parsons, who will earn about $25.1MM next season, signed a four-year, maximum-salary contract with the Grizzlies during the summer of 2016, but battled injuries and failed to make an impact for the team during his three seasons in Memphis. In total, he appeared in just 95 games over three years, averaging 7.2 PPG and 2.6 RPG with a .393/.341/.779 shooting line.

Parsons and the Grizzlies had a particularly tumultuous year in 2018/19, with Parsons claiming in December that he was healthy and that the team was refusing to play him. He later took a leave of absence from the club.

According to Wojnarowski (via Twitter), the two sides were unable to reach an agreement on a buyout this summer, so Memphis will send Parsons to Atlanta, removing a potential distraction from the roster. As ESPN’s Bobby Marks points out (via Twitter), the mid-sized contracts of Plumlee and Hill will be easier for the Grizzlies to move in subsequent deals.

It remains to be seen if the Hawks believe Parsons has the ability to be an on-court contributor for them in 2019/20. Even if they don’t plan to play (or keep) him, there are a couple potential benefits for Atlanta. Moving two contracts for one will open up a roster spot, and Parsons’ salary is worth slightly less than the combined total of the salaries for Plumlee ($12.5MM) and Hill ($12.76MM).

A pair of separate trades will need to be completed before this one can be finalized. Hill is going from New Orleans to Atlanta in a trade involving the No. 4 pick, which in turn is part of the Pelicans’ Anthony Davis trade. The Pelicans/Lakers swap will need to be made official first, followed by the Pelicans/Hawks deal, then the Hawks/Grizzlies trade.

Photo courtesy of USA Today Sports Images.

Bulls Sign Daniel Gafford

July 7th, 2019 at 12:42pm CST by Arthur Hill

JULY 8: The Bulls have officially signed Gafford, the team announced today in a press release.

JULY 7: Second-round pick Daniel Gafford has reached an agreement with the Bulls on a four-year contract with a total value of $6.1MM, tweets Shams Charania of The Athletic. The first two seasons of the deal are fully guaranteed.

The 6’11” center out of Arkansas was the 38th player taken in last month’s draft. He spent two years with the Razorbacks, averaging 16.9 points, 8.6 rebounds, and 1.9 blocks per game as a sophomore and earning a spot on the SEC All-Defensive Team as well as first team All-SEC honors.

The Bulls will use cap room to make it a four-year deal, with yearly salaries likely to be set at $898,310, $1,517,981, $1,782,621 and $1,930,681.

“He’s a defensive rolling center, high energy, can run the floor,” Bulls executive vice president John Paxson said after the draft. “He’s very athletic. His rebounding numbers, analytically, his shot-blocking numbers were really high.”

Nets Sign Nicolas Claxton

July 7th, 2019 at 12:16pm CST by Arthur Hill

Second-round pick Nicolas Claxton has signed a multi-year deal with the Nets, the team announced in a press release.

A power forward/center out of Georgia, Claxton was taken with the 31st pick in last month’s draft and should provide front-court depth behind Jarrett Allen and newly signed DeAndre Jordan.

A sophomore, Claxton was a second team All-SEC selection, leading the Bulldogs in scoring, rebounding and steals. He also blocked 2.5 shots per game, ranking him 10th in the nation.