Transactions Rumors | Hoops Rumors

Rodney Hood Re-Signs With Blazers

June 30th, 2019 at 5:45pm CST by JD Shaw

JULY 6: The Blazers have offically re-signed Hood, the team confirmed today in a press release.

JUNE 30: Free agent Rodney Hood has agreed to stay with the Trail Blazers on a two-year deal, according to ESPN’s Adrian Wojnarowski (Twitter link).

While Woj pegs the value at $16MM, Jason Quick of The Athletic reports that the agreement will be worth $5.7MM next season and contains a $6MM player option for the following season. Those numbers make more sense, as Portland doesn’t have Hood’s Bird rights and likely will be limited to the taxpayer mid-level exception.

Portland acquired Hood in a deal with Cleveland prior to the trade deadline last season, using his scoring and energy off the bench heading into the playoffs. The team recently traded for Kent Bazemore as insurance on the wing if Hood committed elsewhere, but the two sides were able to finalize an agreement less than an hour into free agency.

Hood, 26, averaged 9.6 points per game in 27 contests with the Blazers this season, shooting 45% from the floor and 35% from 3-point range. He was the No. 23 overall pick in the 2014 NBA Draft to Utah.

Wizards Re-Sign Thomas Bryant

June 30th, 2019 at 5:38pm CST by JD Shaw

JULY 7: The Wizards have formally announced Bryant’s new three-year deal, issuing a press release to confirm the signing.

“Re-signing Thomas was our top priority this offseason and we’re extremely excited to have him with us as he takes the next step in his development,” Wizards interim head of basketball operations Tommy Sheppard said in a statement. “His overall attitude, work ethic and team-first mentality embody the type of environment that we are working to create and sustain within the Wizards organization.”

JUNE 30: The Wizards have agreed to a three-year, $25MM contract with center Thomas Bryant, his agent, Todd Ramasar, tells ESPN’s Adrian Wojnarowski (Twitter link).

Bryant is coming off an impressive season with the team, holding per-game averages of 10.5 points, 6.3 rebounds and 20.8 minutes. At just 21 years old, he remains one of the league’s most intriguing prospects at the center position, set to enter his third NBA season in the fall.

Washington also has the free-agent situations of Bobby Portis, Jabari Parker and Tomas Satoransky to worry about in the coming days, with Portis and Parker currently operating as though they won’t return with the team, according to Chase Hughes of NBC Sports Washington (Twitter link).

The Wizards dealt with several injuries to core players this season, finishing with a 32-50 record and failing to make the playoffs.

Pacers Add Malcolm Brogdon, Jeremy Lamb

June 30th, 2019 at 5:35pm CST by Luke Adams

JULY 7: Both deals are now finalized, with the Pacers formally announcing the addition of Lamb today. The Brogdon sign-and-trade was confirmed on Saturday.

JUNE 30: The Pacers have reached a pair of deals to add two noteworthy free agents to their roster. According to Shams Charania of The Athletic (via Twitter), the team has struck an agreement to acquire Malcolm Brogdon and will sign Jeremy Lamb to a three-year, $31.5MM contract.

ESPN’s Adrian Wojnarowski reports (via Twitter) that the Pacers are signing Brogdon to a four-year, $85MM deal and will acquire him via sign-and-trade to ensure that the Bucks don’t match the offer. Milwaukee will receive a first-round pick and a pair of future second-rounders, per Woj. All four years of Brogdon’s deal are guaranteed, adds David Aldridge of The Athletic (via Twitter).

The additions of Brogdon and Lamb represent an interesting pivot for the Pacers, who had reportedly hoped to re-sign Bojan Bogdanovic, and appeared to be on track to add Ricky Rubio to replace departed point guards Darren Collison and Cory Joseph. Instead, Bogdanovic will head to the Jazz on a four-year deal, while Rubio agreed to sign a three-year contract with the Suns.

It’s probably not fair to characterize Brogdon and Lamb as fallback options though. Brogdon was viewed as one of this year’s top restricted free agents after recording 15.6 PPG, 4.5 RPG, and 3.2 APG with an impressive .505/.426/.928 shooting line in 2018/19. As for Lamb, he was Charlotte’s second-best scorer behind Kemba Walker, averaging 15.3 PPG and 5.5 RPG on .440/.348/.888 shooting for the Hornets.

The duo will join a backcourt that will feature a healthy Victor Oladipo at some point during the 2019/20 season (though likely not by opening night). The Pacers still project to have about $5MM in cap room after agreeing to their deals with Brogdon and Lamb, notes ESPN’s Bobby Marks.

Gery Woelfel of Woelfel’s Press Box first reported (via Twitter) that the Bucks were working on a sign-and-trade involving Brogdon. Milwaukee reached deals to bring back Khris Middleton and Brook Lopez and is reportedly working on trying to bring back George Hill as well. Additionally, sending Brogdon to Indiana will generate a traded player exception for the Bucks, which will be worth half of Brogdon’s first-year salary.

Photo courtesy of USA Today Sports Images.

Mavericks Sign Dwight Powell To Three-Year Extension

June 30th, 2019 at 5:30pm CST by Arthur Hill

JULY 6, 9:31pm: The Mavericks have officially signed Powell to his three-year extension, which will go into effect in 2020/21, per the NBA’s transactions log.

JUNE 30, 5:30pm: The Mavericks and Powell have agreed to terms on a three-year, $33MM extension, tweets Stein.

JUNE 30, 10:36am: The Mavericks are planning to make an extension offer to Dwight Powell when free agency officially begins later today, and the expectation is that an agreement will soon follow, tweets Marc Stein of The New York Times. The new deal will pay him $33MM over three seasons.

Dallas has made signing the 27-year-old center-forward one of its top offseason priorities, Stein adds (Twitter link). Powell averaged a career-best 10.6 PPG this season, along with 5.3 RPG, in 77 games.

Powell’s extension doesn’t take effect until the 2020/21 season, so it won’t affect the cap space that the Mavericks have this summer, notes Tim MacMahon of ESPN (Twitter link). Powell has already opted into his current deal for next season at $10.3MM.

Magic Sign Al-Farouq Aminu To Three-Year Deal

June 30th, 2019 at 5:27pm CST by ChrisCrouse

JULY 6: The Magic have officially signed Aminu, the team announced today in a press release.

JUNE 30: The Magic have agreed to a contract with Al-Farouq Aminu, according to Adrian Wojnarowski of ESPN.com (Twitter link).

The deal will be for three years and $29MM, which works out to the amount of the full non-taxpayer’s mid-level exception. It includes a player option on the final year.

Aminu, 28, averaged 9.4 PPG and 7.5 RPG in 81 games (28.3 MPG) as the Trail Blazers’ starting power forward last season. He’s also capable of knocking down three-pointers, having made 35.3% of his attempts during his four years in Portland, and is a strong defender.

With so many high-priced commitments in Portland, it’s no surprise that Aminu was forced to look elsewhere for a contract this offseason. Orlando has been busy this weekend, already agreeing to bring back Terrence Ross and Nikola Vucevic.

Photo courtesy of USA Today Sports Images.

Kings Sign Trevor Ariza

June 30th, 2019 at 5:17pm CST by JD Shaw

JULY 7: The Kings have officially signed Ariza, according to a press release.

JUNE 30: Free agent Trevor Ariza plans to sign a two-year, $25MM contract with the Kings, according to Shams Charania of The Athletic (Twitter link).

The second season of the deal contains a partial guarantee, as reported by The Athletic’s Sam Amick.

Sacramento also reached agreements with forward Harrison Barnes and center Dewayne Dedmon at the start of free agency. Barnes was awarded a four-year, $85MM deal, while Dedmon was given a three-year deal worth $41MM.

Ariza, who is celebrating his 34th birthday today, averaged 12.5 PPG, 5.4 RPG, and 3.7 APG last season in 69 total games for the Suns and Wizards. He was dealt from Phoenix to Washington early in the season after spending the previous four years with the Rockets.

Magic Re-Sign Terrence Ross

June 30th, 2019 at 5:16pm CST by ChrisCrouse

JULY 6: The Magic have officially re-signed Ross, the team announced today in a press release.

JUNE 30: The Magic will re-sign Terrence Ross to a four-year, $54MM deal, ESPN’s Adrian Wojnarowski tweets.

Orlando appears content to run it back with the team that made the playoffs this past season for the first time since it traded away Dwight Howard. The Magic also agreed to re-sign Nikola Vucevic, one of the pieces they received in that 2012 Howard deal.

The Magic acquired Ross in the Serge Ibaka deal during the 2016/17 campaign. He started 81 games for the club last season, posting 15.1 PPG in just 26.5 minutes per game as Orlando’s sixth man. He also knocked down 38.3% of his attempts from beyond the arc while jacking up 7.0 per game.

Because the Magic held Ross’ Bird rights, no other exception will be required to make the signing official.

We ranked Ross 19th in our list of this year’s top 50 free agents.

Photo courtesy of USA Today Sports Images.

Nets, Kyrie Irving Agree To Four-Year Deal

June 30th, 2019 at 5:08pm CST by Luke Adams

JUNE 30: The Nets and Irving have agreed to a four-year, $140,790,600 deal, tweets Shams Charania of The Athletic. According to Charania, it includes a fourth-year player option.

[UPDATE: Irving will accept less than the max to accommodate a $40MM deal for DeAndre Jordan]

JUNE 29: The Nets and free agent point guard Kyrie Irving are set to meet in New York on Sunday, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that the two sides are motivated to quickly agree to terms on a four-year, maximum-salary contract worth a projected $141MM.

Once Irving commits to the Nets, the team is expected to renounce restricted free agent D’Angelo Russell, allowing him to become unrestricted, league sources tell Wojnarowski (Twitter link). However, Brooklyn is also willing to work with Russell and his reps to help him get to the destination of his choice, and may not renounce his rights if there’s a sign-and-trade deal that appeals to the Nets, Woj adds (via Twitter).

[RELATED: Lakers reach out to Russell]

Whether or not Russell’s cap hold remains on their books, the Nets will have the room necessary to sign Irving outright. Renouncing Russell – or trading him without taking back any salary – would give the club the room to sign another max-level player to join Kyrie.

It has been a roller coaster year for Irving, who said during a preseason team event with the Celtics that he intended to re-sign with Boston at season’s end. A frustrating season with the C’s made him re-think that stance, and rumors in recent months suggested that he might be eyeing a move to the Knicks. However, within the last month, multiple reports indicated that it was New York’s other team, the Nets, that Irving was focused on joining.

Irving will be moving from one Atlantic playoff team to another after earning All-NBA Second Team honors with the Celtics this past season. He averaged 23.8 PPG and a career-high 6.9 APG and 5.0 RPG with impressive efficiency numbers (.487/.401/.873 shooting). However, locker-room and chemistry issues, as well as a disappointing second-round exit in the postseason, soured his second and final year in Boston.

The Celtics have already lined up a replacement for Irving, as All-NBA Third Team guard Kemba Walker reportedly plans to agree to terms on a four-year, maximum-salary deal with Boston once free agency officially begins on Sunday.

As Boston swaps one All-NBA point guard for another, the Nets will do the same with a pair of All-Star point guards, replacing Russell with Irving. While Russell had an impressive breakout season in Brooklyn in 2018/19, the Nets’ willingness to invest big money in Irving reflects the team’s belief that the former Cavalier and Celtic is the more dynamic play-maker and scorer.

Once they secure a commitment from Irving, the Nets are expected to pursue his good friend Kevin Durant. They’d need to make at least one more roster move to open up the room necessary to land Durant, since his maximum salary projects to be about $5.5MM higher than Kyrie’s due to his 10+ years of NBA experience.

If the Nets can’t land Durant, they’ll have plenty of other options on the free agent market. Tobias Harris is one name that has been frequently linked to Brooklyn.

Photo courtesy of USA Today Sports Images.

Kevin Durant To Sign With Nets

June 30th, 2019 at 5:08pm CST by Luke Adams

5:08pm: Durant has made it official by announcing via Instagram that he’ll sign with the Nets.

3:55pm: Free agent forward Kevin Durant plans to sign with the Nets, reports ESPN’s Adrian Wojnarowski (via Twitter). Durant will make a formal announcement via Instagram once free agency officially opens at 6:00pm eastern time, tweets Wojnarowski.

According to Shams Charania of The Athletic (via Twitter), Durant will sign a four-year, maximum-salary contract with Brooklyn. The deal will be worth $164,255,700.

[UPDATE: Durant will accept less than the max to accommodate a $40MM deal for DeAndre Jordan]

[UPDATE: Durant expected to be acquired via sign-and-trade involving D’Angelo Russell]

It’s a fascinating decision by Durant, who was long believed by league insiders to be eyeing a move to the Knicks if he opted not to return to the Warriors. However, as it became increasingly clear that KD’s good friend Kyrie Irving would sign with Brooklyn, there was increased speculation that the Nets could be in play for Durant too. He and Irving had reportedly discussed the idea of playing together, and now they’ll get that chance.

Of course, while the two stars will share a locker room in Brooklyn, they’ll have to wait a little longer to actually take the court together. Durant is expected to miss the full 2019/20 season as he recovers from the torn Achilles he suffered during Game 5 of the NBA Finals.

Additionally, the Nets will have to make at least one more roster move before they can technically sign both Irving and Durant. Because KD’s maximum salary is higher than Kyrie’s, Brooklyn is still about $1.2MM short of that second max slot, tweets ESPN’s Bobby Marks.

In addition to adding Durant and Irving, the Nets have reportedly lined up deals with DeAndre Jordan and Garrett Temple. They’ll join a core that features Caris LeVert, Jarrett Allen, Joe Harris, and Spencer Dinwiddie. All-Star point guard D’Angelo Russell will be headed elsewhere with Irving arriving in Brooklyn.

As for the Warriors, losing Durant means they’re no longer facing a record-setting luxury tax bill, but they figure to be aggressive in seeking ways to upgrade their roster with their two-time Finals MVP no longer in the mix.

Photo courtesy of USA Today Sports Images.

Pistons Sign Derrick Rose

June 30th, 2019 at 5:05pm CST by JD Shaw

JULY 6: The Pistons have officially signed Derrick Rose, according to NBA.com’s log of transactions.

JUNE 30: Free agent Derrick Rose has agreed to a two-year, $15MM deal with the Pistons, according to ESPN’s Adrian Wojnarowski (Twitter link).

Rose, 30, enjoyed a productive bounce-back season in Minnesota in 2018/19. While he was limited to 51 games due to injury issues, he averaged 18.0 PPG, 4.3 APG, and 2.7 RPG with an impressive .482/.370/.856 shooting line. It was the first time the former MVP had ever shot higher than 34.0% from beyond the arc in a season.

As for the Pistons, they were in the market for a point guard to join Reggie Jackson at the position, with Ish Smith and Jose Calderon headed for unrestricted free agency.

Detroit has the full mid-level exception at its disposal and will use a portion of that MLE to sign Rose. The deal should leave the Pistons with about $2MM on its mid-level.

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