Transactions Rumors | Hoops Rumors

Wolves Sign Cam Reynolds To Second 10-Day Deal

March 9th, 2019 at 11:25am CST by Arthur Hill

MARCH 9: The Timberwolves made the move official, signing Reynolds to a second 10-day contract, the team announced (Twitter link).

MARCH 8: The Timberwolves plan to give swingman Cameron Reynolds a second 10-day contract, tweets Darren Wolfson of 5 Eyewitness News. Reynolds’ first deal, which he signed on February 27, is due to expire at the end of the day.

Reynolds has seen minimal playing time since coming to Minnesota, logging a combined seven minutes in two games and averaging 2.0 PPG. The 24-year-old was averaging 16.0 points and 4.3 rebounds per night with the G League’s Stockton Kings before coming to the NBA.

The Wolves will keep a full roster by re-signing Reynolds, with 14 players on fully guaranteed contracts. To retain his rights beyond the next 10 days, Minnesota would have to sign Reynolds for the rest of the season.

Tyler Zeller Signs 10-Day Deal With Hawks

March 8th, 2019 at 10:14am CST by Luke Adams

MARCH 8: The signing is official, the Hawks announced in an email.

MARCH 7: The Hawks have reached an agreement with Tyler Zeller and will sign the free agent center to a 10-day contract, league sources tell ESPN’s Adrian Wojnarowski (Twitter link). According to Wojnarowski, the deal is expected to be finalized on Friday.

Zeller, 29, spent six seasons in the NBA after being drafted 17th overall in 2012, but was waived by the Bucks in October and had yet to catch on with a new team. In 66 total games last season for Brooklyn and Milwaukee, the veteran seven-footer recorded 6.7 PPG and 4.6 RPG with a career-high .560 FG% in 16.8 minutes per contest.

Zeller will provide the Hawks with some added frontcourt depth at a time when the team is dealing with a handful of injuries to its big men. Omari Spellman has been ruled out for most or all of March with an ankle injury, Miles Plumlee hasn’t played since December due to a knee issue, and Dewayne Dedmon (knee) and Alex Poythress (ankle) are also dealing with nagging health problems.

The Hawks have been using their last two roster spots recently to audition players on 10-day deals. Jordan Sibert was signed to a single 10-day contract and hasn’t been brought back, while B.J. Johnson is currently on a 10-day pact of his own that runs through Sunday. With Zeller and Johnson under contract, Atlanta will have a full roster, but the team could open up two spots when those deals expire.

Zeller’s 10-day contract will carry a cap hit of approximately $85K for the Hawks.

Warriors Sign Andrew Bogut

March 6th, 2019 at 1:33pm CST by Luke Adams

1:33pm: The Warriors have officially signed Bogut, the team announced today in a press release.

11:18am: Andrew Bogut, who spent the 2018/19 season in Australia’s National Basketball League, has obtained the letter of clearance required to make the move from the NBL to the NBA, agent David Bauman tells Shams Charania of The Athletic (Twitter link). We had heard on Monday that Bogut intended to sign with the Warriors once he received clearance.

With the primary roadblock out of the way, Bogut will now work to officially finalize a one-year, minimum-salary contract with Golden State, Charania adds (via Twitter). The former No. 1 overall pick is expected to join the Warriors sometime during their four-game road trip next week, sources tell Mark Medina of The San Jose Mercury News. That trip begins in Houston next Wednesday (March 13) and concludes on March 19 in Minnesota.

According to Medina, Bogut also still has to work out logistical details related to his U.S. work visa. He’s mulling whether to have the visa shipped to the U.S. consulate in Sydney or to fly to America on a tourist visa before acquiring his work visa in Vancouver, Medina notes.

Once Bogut sorts out those details, he’ll fill the final open spot on the Warriors’ 15-man roster. As we detailed on Monday, it’s not clear whether that will be Golden State’s final roster move this season. The team had reportedly been considering the idea of adding a wing – perhaps Damion Lee – with that open roster spot, and will have until the last day of the regular season to make any further changes.

Bogut, 34, hasn’t appeared in an NBA game in more than a year, having played his last game for the Lakers on January 1, 2018. However, he was named the MVP and the Defensive Player of the Year in Australia’s NBL this season, making a case for an NBA roster spot by leading the league with 11.7 RPG and 2.7 BPG.

Photo courtesy of USA Today Sports Images.

Bucks Sign Eric Bledsoe To Four-Year Extension

March 4th, 2019 at 3:12pm CST by Luke Adams

MARCH 4: The Bucks have officially signed Bledsoe to his new extension, according to NBA.com’s transactions log.

MARCH 1: Ahead of an important summer in Milwaukee, the Bucks have gotten a head start on free agency, reaching an agreement with point guard Eric Bledsoe on a four-year, $70MM contract extension, league sources tell ESPN’s Adrian Wojnarowski (Twitter link).

Bledsoe, 29, is in the midst of one of the best seasons of his career in Milwaukee. In 60 games (all starts), he has recorded 15.7 PPG, 5.5 APG, and 4.6 RPG with a career-best .492 FG%, emerging as a key contributor for the Bucks, who hold the best record in the NBA at 47-14.

While Giannis Antetokounmpo is locked up through 2021, many of the Bucks’ other most important players – including Bledsoe, Khris Middleton, Malcolm Brogdon, and Brook Lopez – are in contract years. As Wojnarowski tweets, Bledsoe could have tested the market in unrestricted free agency this July, but was “determined” to stay in Milwaukee and was in position to get something done early.

Middleton and Brogdon are also technically eligible for in-season veteran extensions, but are unlikely to sign them, given their respective contract situations. In Bledsoe’s case, he was eligible to receive up to a 120% raise on his 2018/19 salary of $15MM for the first year of his new deal.

Although his starting salary could have maxed out at $18MM, it sounds – based on the reported terms – like Bledsoe will get a little less than that in 2019/20, which will help allow the Bucks to maximize their cap flexibility. Meanwhile, Milwaukee remains in good position to secure Middleton and Brogdon in the offseason, with Middleton viewed as the team’s top priority.

The Bledsoe extension is the second noteworthy Bucks move that has been reported today. The club is also set to sign Pau Gasol, who has finalized a buyout with the Spurs.

For teams eyeing the point guard market this summer, one top option is now off the board. Bledsoe probably ranked behind Kyrie Irving, Kemba Walker, and D’Angelo Russell among FA-to-be point guards, but would have been at the top of the next tier. Clubs that miss out on those top three options now figure to focus on the likes of Terry Rozier, Ricky Rubio, Derrick Rose, and Darren Collison.

Photo courtesy of USA Today Sports Images.

Rockets Sign Terrence Jones To Second 10-Day Deal

March 4th, 2019 at 1:06pm CST by Dana Gauruder

MARCH 4: The Rockets have officially re-signed Jones, the team announced today in a press release. His second 10-day deal will run through next Wednesday (March 13).

MARCH 3: The Rockets will sign forward Terrence Jones to a second 10-day contract on Monday, Jonathan Feigen of the Houston Chronicle reports.

Jones was signed to a 10-day contract on February 22 to help the Rockets reach the requirement of having 14 players on the roster. Jones has made just one brief appearance with the Rockets.

Prior to receiving the first 10-day contract, Jones hadn’t played in the league since he spent time with the Bucks and Pelicans during the 2016/17 season. He was with the Rockets during his first four professional seasons after being drafted in 2012 with the 18th overall pick.

He has averaged 23.5 PPG, 9.4 RPG and 5.8 APG in 24 G League appearances this season.

Bucks End Isaiah Canaan’s 10-Day Deal Early

March 4th, 2019 at 8:19am CST by Luke Adams

Having officially signed Pau Gasol on Sunday, the Bucks had to make a corresponding roster move to open up a spot for their new big man. As the only player without a full-season contract, Isaiah Canaan was the odd man out. The Bucks announced (via Twitter) that his 10-day contract has been terminated, a few days before it was set to expire.

Canaan, 27, signed with the Bucks last Monday and managed to get into four games with the team, though his minutes were very limited. The well-traveled point guard has appeared in a total of 30 contests in 2018/19, spending time in Phoenix and Minnesota in addition to Milwaukee. He has averaged 6.0 PPG and 2.8 APG with a .390/.354/.792 shooting line on the season.

Although Canaan was under contract through March 1 and has now been released, he’d retain his playoff eligibility if he joins a new team down the stretch, since he doesn’t have to go through waivers.

As for the Bucks, they’ll continue to carry Canaan’s full 10-day cap hit (approximately $85K) despite only keeping him on their roster for seven days. Having signed Gasol, Milwaukee now has a full 15-man roster, with all 15 players on full-season contracts.

Pau Gasol Clears Waivers, Signs With Bucks

March 3rd, 2019 at 6:10pm CST by Luke Adams

MARCH 3, 6:10pm: Gasol has officially signed with the Bucks, according to a team press release.

MARCH 3, 4:30pm: Gasol has officially cleared waivers, Bobby Marks of ESPN tweets. San Antonio will have a $15.92MM cap hit this season and $5.07MM in 2019/20, Marks adds.

MARCH 2, 10:12am: Gasol gave back $2.5MM in salary as part of his buyout with the Spurs, tweets Shams Charania of The Athletic. The move will allow San Antonio to lower their salary cap hit for Gasol for both this season and next.

MARCH 1, 5:32pm: The Spurs and Gasol have officially finalized the big man’s buyout, the team announced in a press release.

“Pau Gasol is an exceptional individual and the ultimate professional,” Popovich said in a statement. “We are grateful for his contributions on the court, in the locker room and in our community.”

MARCH 1, 3:46pm: The Spurs and Pau Gasol have reached an agreement on a contract buyout, which will clear the way for the veteran big man to reach free agency and join a new team, sources tell ESPN’s Adrian Wojnarowski.

March 1 is the last day that a player can be waived by one team and retain his postseason eligibility for another club, so San Antonio figures to finalize the move before the end of the day in order to give Gasol the opportunity to participate in the playoffs for his new team.

That new team will be the Bucks, as Gasol intends to sign with Milwaukee once he clears waivers, Wojnarowski reports. The Bucks had been on the lookout for one more frontcourt player, having been linked to Marcin Gortat earlier today.

Gasol, whom we identified as a potential buyout candidate in February, has appeared in just 27 games and averaged a career-low 12.2 minutes per contest in San Antonio this season. Limited by injury issues early on, the 38-year-old hadn’t been a regular part of the team’s rotation even after getting healthy, as LaMarcus Aldridge, Davis Bertans, and Jakob Poeltl handled the majority of the minutes up front.

While Gasol’s scoring numbers are way down, he has still been effective in other aspects of the game on a per-minute basis in 2018/19 — his 13.9 rebounds and 5.5 assists per 36 minutes are both career bests.

Gasol is unlikely to play a major role in Milwaukee, but he could be an important insurance policy off the bench – particularly in the postseason – on a roster that doesn’t feature many traditional bigs. Joining the top-seeded Bucks could also give Gasol the chance to match up with his brother in the postseason — Marc Gasol is, of course, a member of the Raptors, the East’s No. 2 seed.

Although the Bucks currently have a full 15-man roster, one of those players – Isaiah Canaan – is on a 10-day contract, so he’s the likeliest candidate to be the odd man out when Milwaukee officially signs Gasol.

The exact terms of Gasol’s buyout with the Spurs aren’t yet known, but in addition to the prorated amount remaining on his $16.8MM salary for 2018/19, he had also been owed a $6.7MM partial guarantee on next year’s salary. San Antonio figures to slightly reduce that cap charge for 2019/20 as part of the buyout agreement, ESPN’s Bobby Marks notes (via Twitter).

Marks also observes that, unlike J.R. Smith‘s contract, Gasol’s deal was signed under the current CBA and would have been subject to the new trade rules for non-guaranteed salaries in the offseason. That means the Spurs could only have counted the guaranteed portion of his deal ($6.7MM) rather than the full amount ($16MM) for salary-matching purposes if they had tried to deal him this summer, significantly limiting his appeal as a trade chip. That’s likely one reason why the Spurs didn’t feel the need to hang onto him.

Photo courtesy of USA Today Sports Images.

Ray Spalding Gets Multi-Year Deal From Suns

March 3rd, 2019 at 12:26pm CST by Arthur Hill

12:26pm: Phoenix has officially signed Spalding for the remainder of the season, announcing the news in a press release. The Suns’ roster still stands at 16 players.

8:44am: The Suns will sign Ray Spalding for the rest of this season, with a partial guarantee for next year, tweets Shams Charania of The Athletic.

The new contract comes as a 10-day deal that Spalding had with Phoenix is set to expire. The 21-year-old hasn’t taken the court yet for the Suns, but he did get into one game for the Mavericks before being waived in January.

Dallas selected the ex-Louisville star with the 56th pick in the 2018 draft. He was a starter in the G League, averaging 15.9 points, 9.3 rebounds and 2.2 blocks per game with the Texas Legends. The Mavericks released him to open a roster spot to complete the Kristaps Porzingis trade.

The Suns will still have a roster opening once the Spalding deal is complete, but they will now have 14 guaranteed contracts.

Knicks Re-Sign Henry Ellenson To Two-Year Deal

March 2nd, 2019 at 12:48pm CST by Luke Adams

MARCH 2: The Knicks have officially signed Ellenson for the rest of the season, the team announced today in a press release. As indicated below, the deal will feature a team option for 2019/20.

FEBRUARY 28: Henry Ellenson‘s 10-day contract with the Knicks will expire tomorrow night, but the former first-round pick won’t be going anywhere. According to ESPN’s Adrian Wojnarowski (via Twitter), New York intends to lock up Ellenson to a rest-of-season deal that includes a team option for 2019/20.

Ellenson, the 18th overall pick in the 2016 draft, spent the first two and a half seasons of his professional career with the Pistons, but was never able to crack the team’s regular rotation and become a dependable contributor. He appeared in just 59 games for Detroit before being waived after this month’s deadline to accommodate Wayne Ellington.

Ellenson inked a 10-day contract with the Knicks last Wednesday, and while he didn’t see the court much in his first two games with the club, he played 36 minutes in Tuesday’s win over Orlando, racking up 13 points, nine boards, five assists, and a pair of steals. That performance presumably contributed in large part to New York’s decision to keep him around for at least the rest of the season.

Coming off a 10-day deal of his own, John Jenkins signed a two-year contract with the Knicks last week, so Ellenson will be the second New York player to parlay a 10-day pact into a longer-term agreement.

Ellenson’s new deal figures to closely resemble Jenkins’ deal, which is worth the minimum salary and doesn’t feature any guaranteed money for next season. The 2018/19 cap charge for Ellenson’s contract will be approximately $342K, assuming it’s finalized on Saturday.

With Ellenson sticking around, the Knicks’ roster count will remain at 14 players. That gives the team an open spot to add someone else, but there’s no obligation to fill it right away — or at all.

Pelicans Waive Tim Frazier, Sign Dairis Bertans

March 1st, 2019 at 7:58pm CST by Luke Adams

MARCH 1: Both Frazier’s release and Bertans’ signing are now official, according to NBA.com’s transactions log.

FEBRUARY 28: The Pelicans are making a change to their roster, according to ESPN’s Adrian Wojnarowski, who reports that the team has waived guard Tim Frazier and is working to sign EuroLeague guard Dairis Bertans.

Although neither move has been officially announced yet, Wojnarowski suggests Frazier was released on Wednesday night, while Shams Charania of The Athletic tweets that Bertans has agreed to a two-year deal with a team option for 2019/20. Will Guillory of The Athletic notes (via Twitter) that Bertans will require FIBA clearance, but the hope is that he can join the Pelicans later this week.

Bertans, 29, is the older brother of Spurs sharpshooter Davis Bertans. Like his brother, Dairis is most dangerous from beyond the arc — while Davis ranks second in the NBA with a .469 3PT%, Dairis leads the EuroLeague with a .536 3PT% in 22 games this season for Italian team Olimpia Milano.

Once the elder Bertans exercises the out clause in his deal with Olimpia Milano and officially joins the Pelicans, he’ll be able to sign for a deal worth up to about $274K in 2018/19, ESPN’s Bobby Marks observes (via Twitter). However, that figure is only possible if New Orleans uses the remainder of its bi-annual exception, having given most of it to Elfrid Payton last summer. The Pelicans used their full mid-level exception on Julius Randle.

If New Orleans opts for a minimum salary contract instead, it’ll be worth approximately $199K for this season. Both that figure and the bi-annual number are based on Bertans signing today, so they’d dip a little each day if the move is delayed. Either contract will include a minimum salary (about $1.42MM) for 2019/20. Even if the Pelicans had wanted to go beyond two years for the Latvian guard, they wouldn’t have been able to due to their limited available exceptions.

Meanwhile, Frazier will retain his playoff eligibility for a new team, since he’s being waived before the end of March 1. It’s not clear whether he’ll catch on somewhere else right away, but he could provide some depth at the point for a contender. In 47 games (19.3 MPG) this season, he has averaged 5.0 PPG and 4.4 APG with a .451/.351/.780 shooting line.

These two moves will represent the first two transactions for new Pelicans interim GM Danny Ferry.