Transactions Rumors | Hoops Rumors

Timberwolves Re-Sign Malik Beasley To Four-Year Deal

November 20th, 2020 at 7:47pm CST by Luke Adams

NOVEMBER 27: The Timberwolves have made it official, announcing today in a press release that Beasley has re-signed with the team.

NOVEMBER 20: The Timberwolves have reached a deal to re-sign restricted free agent shooting guard Malik Beasley, agent Brian Jungreis tells Shams Charania of The Athletic (Twitter link).

Beasley will sign a four-year, $60MM contract to remain in Minnesota, according to Charania, who reports – along with Jon Krawczynski of The Athletic (Twitter link) – that the deal includes a team option in year four.

After a strong breakout season in Denver in 2018/19, Beasley had his role reduced at the start of the 2019/20 season and was eventually shipped to Minnesota in a deadline deal. He had the best stretch of his career in 14 games as a Timberwolf, averaging 20.7 PPG and 5.1 RPG on .472/.426/.750 shooting, lining himself up for a nice payday as a restricted free agent.

There was a sense that Beasley’s recent legal troubles may complicate his RFA payday, but if those off-court issues affected his value, it doesn’t appear the impact was significant. He faces felony charges of fifth-degree drug possession and threats of violence after being arrested in September and recently had his parental rights challenged.

However, the franchise has supported Beasley through that situation, according to Krawczynski, who notes (via Twitter) that this new deal represents a “big show of faith.” It seems the Timberwolves still view the young wing – who turns 24 next week – as a building block for the future — he’ll join Karl-Anthony Towns, D’Angelo Russell, and No. 1 pick Anthony Edwards as the cornerstone pieces in Minnesota.

Photo courtesy of USA Today Sports Images.

Blazers Re-Sign Rodney Hood

November 20th, 2020 at 7:38pm CST by JD Shaw

NOVEMBER 22: Hood’s new deal is official, according to the Trail Blazers, who announced the signing in a press release.

“Rodney played a critical role in our run to the Western Conference Finals in 2018-19 and was off to a great start last year prior to his season being cut short due to injury,” president of basketball operations Neil Olshey said in a statement. “Now fully healthy we expect him to make an immediate impact and are pleased he chose to stay in Portland.”

NOVEMBER 20: The Blazers have agreed to a two-year, $21MM deal with free agent Rodney Hood, according to ESPN’s Adrian Wojnarowski (Twitter link). Hood will return to Portland for a third straight season.

For Hood, the second season of his deal is non-guaranteed, Wojnarowski adds. He declined a $6MM player option to become a free agent earlier this week.

Hood, 28, missed much of last season after suffering a torn Achilles’ tendon in December. In the 21 games he did play, he averaged 11 points, 3.4 rebounds and 29.5 minutes per game, proving his worth as a scorer alongside Damian Lillard and CJ McCollum.

The Blazers also traded for Robert Covington and Enes Kanter over the past week, setting their sights on contending next season.

Photo courtesy of USA Today Sports Images.

Pistons Sign Josh Jackson

November 20th, 2020 at 7:35pm CST by Dana Gauruder

DECEMBER 1: Jackson’s contract with the Pistons is now official, the team announced in a press release.

NOVEMBER 20: The Pistons, who have been quite busy in the first few hours of free agency, are finalizing a deal with Grizzlies small forward Josh Jackson, Adrian Wojnarowski of ESPN tweets. It’s a two-year deal, according to the Detroit News’ Rod Beard (Twitter link).

Detroit also reportedly reached agreements on Friday with big men Mason Plumlee and Jahlil Okafor.

Jackson, a 2017 lottery pick of the Suns, has had a rocky NBA career. He had a number of off-court issues in his first two NBA seasons and Phoenix traded him to the Grizzlies last offseason. In an attempt to revive his career and value, Jackson agreed to spend a good portion of last season in the G League.

As the season progressed, Jackson returned to Memphis and appeared in 22 games as a reserve. He averaged 9.0 PPG, 3.0 RPG and 1.6 APG in 17.3 MPG. Jackson has made just 29.8% of his 3-point attempts during his three-year career.

Jackson, 23, grew up in Michigan and played two high school seasons in Detroit before moving to California for his last two prep years. He’ll compete for minutes against last year’s lottery pick, Sekou Doumbouya as well as Svi Mykhailiuk and rookie Saddiq Bey.

Hawks, Danilo Gallinari Finalizing Three-Year Deal

November 20th, 2020 at 7:31pm CST by Luke Adams

The Hawks and free agent forward Danilo Gallinari are finalizing a three-year deal worth $61.5MM, agent Michael Tellem informs ESPN’s Adrian Wojnarowski (Twitter link).

Gallinari, 32, had a strong season in Oklahoma City in 2019/20, averaging 18.7 PPG and 5.2 RPG on .438/.405/.893 shooting in 62 games (29.6 MPG). He’ll now head to Atlanta, where he’ll become one of the Hawks’ go-to scoring threats alongside Trae Young and John Collins, stretching the floor in the frontcourt.

Gallinari spoke last month about potentially prioritizing the chance to win a title over finding the most lucrative contract possible in free agency. While Atlanta is a team on the rise and badly wants to make the postseason in 2021, joining the Hawks certainly won’t give the veteran forward his best chance at a championship.

Still, it’s hard to fault Gallinari for opting for a lucrative long-term deal, since this may have been his last, best opportunity to secure a big multiyear payday. According to Wojnarowski (via Twitter), the $61.5MM that Gallinari will receive is the largest amount ever on a multiyear contract for a player in his 30s who has never made an All-Star team.

The Hawks, who entered the evening with more cap room available than any other NBA team, still have about $26MM to work with, per ESPN’s Bobby Marks (Twitter link).

An earlier report indicated that Atlanta was confident about landing at least two players from a group that included Gallinari, Rajon Rondo, Joe Harris, and Davis Bertans, so those are the players to watch for the Hawks. Given the positional overlap between Bertans and Gallinari and the fact that Harris is considered likely to re-sign in Brooklyn, Rondo looks like the team’s best bet.

Photo courtesy of USA Today Sports Images.

Kings Sign De’Aaron Fox To Five-Year Max Extension

November 20th, 2020 at 6:55pm CST by Luke Adams

NOVEMBER 25: The Kings have officially locked up Fox to his new five-year extension, per the NBA’s transactions log. He’ll earn just over $8MM in 2020/21 before his new deal begins in ’21/22.

NOVEMBER 20: The Kings and De’Aaron Fox have agreed to a five-year, maximum-salary contract extension, reports Shams Charania of The Athletic (via Twitter). The new deal will go into effect starting in 2021/22, with Fox playing out the final year of his rookie contract in ’20/21.

According to Charania, the deal will start at 25% of the cap unless Fox meets certain Rose Rule criteria, in which case it could be worth up to 30% of the cap. ESPN’s Bobby Marks (Twitter link) reports that the Rose Rule terms in Fox’s new deal call for a starting salary of 26% of the cap if he makes the All-NBA Third Team, 28% for All-NBA Second Team, and 30% for All-NBA First team.

The exact value of Fox’s new contract will depend on where the 2021/22 cap lands. If it increases by 3% over this year’s figure, which is currently the expectation, Fox would earn $163MM over five years on the standard max, or up to $195.6MM if he meets his Rose Rule criteria.

For the Kings, it’s a massive investment in their cornerstone player, who averaged a career-best 21.1 PPG to go along with 6.8 APG, 3.8 RPG, and 1.5 SPG in 51 games (32.0 MPG) last season. While it will be interesting to see how lottery pick Tyrese Haliburton fits alongside Fox, Sacramento is making it clear with this move that the Haliburton pick has no impact at all on Fox’s long-term future with the franchise.

The Kings will now have three players earning more than $20MM annually beginning in 2021/22, though Harrison Barnes‘ and Buddy Hield‘s futures in Sacramento are far less certain than Fox’s.

Fox is one of a handful of players eligible for a rookie scale extension this offseason who is expected to receive the max. Jayson Tatum and Donovan Mitchell are also in line for maximum-salary deals.

Photo courtesy of USA Today Sports Images.

Jazz Sign Derrick Favors To Three-Year Contract

November 20th, 2020 at 6:39pm CST by Luke Adams

NOVEMBER 25: Favors’ new deal with the Jazz is now official, per the NBA’s transactions log.

NOVEMBER 20: The Jazz and center Derrick Favors are reuniting, according to Tony Jones of The Athletic, who reports (via Twitter) that the two sides have reached an agreement on a deal.

Jones says the three-year pact will be worth about $27MM, with a third-year player option (Twitter link). That suggests that Utah is using nearly its full mid-level exception on Favors.

The Jazz and Favors have been linked for several weeks, with Favors spending time in Utah from 2011-2019. The team traded him to New Orleans last year in exchange for 2021 and 2023 second-round picks.

This past season, Favors averaged nine points, 9.8 rebounds and 24.4 minutes per game with the Pelicans, starting in 49 of his 51 contests. The veteran big man was drafted third overall back in 2010 after spending one season at Georgia Tech.

For Utah, Favors is expected to provide frontcourt production behind the likes of Bojan Bogdanovic and Rudy Gobert. The Jazz lost a grueling seven-game series to Denver in the first round of the 2020 NBA playoffs, playing without Bogdanovic due to injury.

Hoops Rumors’ JD Shaw contributed to this report. Photo courtesy of USA Today Sports Images.

Pistons Sign Jahlil Okafor To Two-Year Contract

November 20th, 2020 at 6:20pm CST by Dana Gauruder

DECEMBER 1: Okafor’s agreement with the Pistons is now official, the team announced in a press release.

NOVEMBER 20: The Pistons added another big man to their stockpile of frontcourt players, as they’re signing Jahlil Okafor to a two-year contract, Adrian Wojnarowski of ESPN tweets. Okafor will sign for the veteran’s minimum, Rod Beard of the Detroit News tweets.

Detroit has added a number of centers and power forwards in recent days. It drafted Isaiah Stewart in the middle of the first round on Wednesday and traded for Dewayne Dedmon. The Pistons also reached a three-year agreement with Nuggets free agent Mason Plumlee.

All this makes it more unlikely their top free agent, Christian Wood, will return. It’s still conceivable they could make a sign-and-trade deal with one of Wood’s pursuers.

Okafor has spent the last two seasons with the Pelicans. He contributed 8.1 PPG, 4.2 RPG and 1.2 APG in 15.6 MPG in 30 appearances last season. Like Plumlee, Okafor is not a 3-point threat. The third overall pick in the 2015 draft has averaged 11.0 PPG and 5.0 RPG in 220 career games.

Clippers Re-Sign Patrick Patterson

November 20th, 2020 at 6:18pm CST by Luke Adams

NOVEMBER 25: Patrick Patterson’s deal with the Clippers is now official, per a team press release.

NOVEMBER 20: The Clippers are bringing back veteran forward Patrick Patterson on a one-year contract, his agent Sam Goldfeder tells Adrian Wojnarowski of ESPN (Twitter link).

While Wojnarowski didn’t provide the terms of the contract, it’s probably safe to assume it’s another minimum-salary contract. Bobby Marks confirms as much (via Twitter).

Patterson, 31, spent the 2019/20 season with L.A. and played part-time minutes for the club, averaging 4.9 PPG and 2.6 RPG in 59 games (13.2 MPG). He shot the ball well from beyond the arc (.390 3PT%) but is unlikely to see his role expand going forward and will provide frontcourt depth off the bench.

The Clippers are expected to try to re-sign at least one or two more of their free agent forwards, with Marcus Morris and JaMychal Green also on the open market.

Magic Sign Dwayne Bacon To Two-Year Deal

November 20th, 2020 at 5:47pm CST by JD Shaw

NOVEMBER 24: The Magic have made it official with Bacon, issuing a press release to formally announce his deal.

NOVEMBER 20: The Magic are signing free agent guard Dwayne Bacon to a two-year deal, according to Vincent Goodwill of Yahoo Sports (Twitter link).

The agreement includes a team option in the second season, with all indications being that Bacon will sign for the minimum salary exception, Josh Robbins of The Athletic tweets.

Bacon spent last season with the Hornets, who declined to extend him a qualifying offer this week. He averaged 5.7 points, 2.6 rebounds and 17.6 in 39 games, shooting just 35% from the floor.

Bacon, 25, was the No. 40 pick in the 2017 NBA Draft. He’s spent the past three seasons with Charlotte, appearing in a total of 135 games. The move to Orlando will reunite him with former Hornets head coach Steve Clifford.

Orlando finished with the eighth-best record in the Eastern Conference last season at 33-40. The team sports a young nucleus that includes Aaron Gordon, Markelle Fultz, Jonathan Isaac and Mohamed Bamba, along with veterans such as Evan Fournier and Terrence Ross.

Pistons Sign Mason Plumlee To Three-Year Deal

November 20th, 2020 at 5:47pm CST by Luke Adams

DECEMBER 1: Plumlee’s deal with the Pistons is now official, the team announced in a press release.

NOVEMBER 20: The Pistons have agreed to a three-year, $25MM deal with free agent center Mason Plumlee, agent Mark Bartelstein tells ESPN’s Adrian Wojnarowski (Twitter link).

Plumlee, who has served as Nikola Jokic‘s backup in Denver in recent years, is a solid, steady option in the middle who moves the ball well on offense. He averaged 7.2 PPG, 5.2 RPG, and 2.5 APG in 61 games (17.3 MPG) for Denver in 2019/20.

As Bobby Marks of ESPN notes (via Twitter), the Pistons had about $10MM in projected cap room before free agency began, so it sounds like a good chunk of that money will go to Plumlee. It’s not clear what this means for Christian Wood‘s future — he overlaps positionally with Plumlee to some extent, and this deal reduced the team’s cap flexibility. However, it’s possible that additional moves will reopen a path to re-signing Wood.

The Nuggets, meanwhile, have now lost one of their three frontcourt players that reached unrestricted free agency this evening. Denver is expected to make an effort to re-sign both Jerami Grant and Paul Millsap.