Transactions Rumors | Hoops Rumors

Grizzlies Officially Sign Joakim Noah

December 4th, 2018 at 12:41pm CST by Luke Adams

12:41pm: As expected, the Grizzlies have officially signed Noah, the club announced in a press release.

11:58am: Free agent center Joakim Noah has now undergone a physical with the Grizzlies and is set to officially sign his new contract with the club today, reports ESPN’s Adrian Wojnarowski (via Twitter). A report last Friday first indicated that the two sides had reached an agreement on a deal.

Noah’s contract will be a one-year, minimum-salary pact. It will pay him a prorated salary of $1,731,173 and will count against Memphis’ cap for $1,093,858. Meanwhile, the Grizzlies won’t need to waive anyone to open up a roster spot for their newly-added center — the team has had an opening on its 15-man squad since releasing Andrew Harrison earlier in the season.

Noah, who spent two seasons with the Knicks after signing a four-year, $72MM deal with the team in 2016, appeared in just 53 games during his time in New York. He was sent away from the club last spring following a run-in with then-coach Jeff Hornacek, then was waived before this fall’s regular season opener with two years left on his contract.

Although Noah’s time as a Knick didn’t work out, he put up decent numbers in 2016/17 with the team, averaging 5.0 PPG, 8.8 RPG, and 2.2 APG in 46 games (22.1 MPG), so it’s possible he could still be productive in a limited role.

That’s the Grizzlies’ hope, as they’ll add the former Defensive Player of the Year to a frontcourt that has already features plenty of defensive talent, with veteran Marc Gasol and rookie Jaren Jackson Jr. manning the middle.

Cavaliers Waive Preston, Harrison, Sign Blossomgame, Jones

December 2nd, 2018 at 11:15am CST by Arthur Hill

The Cavaliers have replaced both of their players on two-way contracts, according to Chris Fedor of Cleveland.com. Cleveland waived Billy Preston and Andrew Harrison and signed Jaron Blossomgame and Jalen Jones.

Blossomgame, a second-round pick by the Spurs in 2017, was recently acquired in a trade by Cleveland’s G League affiliate in Canton. The 25-year-old averaged 17.2 PPG in five games with the Charge while shooting 49% from the floor and 38% on 3-pointers.

Jones, also 25, played 16 games last season with the Pelicans and Mavericks. He started the year as a two-way player in New Orleans, then was claimed off waivers by Dallas in January. Fedor speculates that he may remain with the Cavs for a few games, rather than being sent to the G League right away, because David Nwaba is sidelined with a sore knee.

Preston signed a two-way deal with Cleveland in July, but hasn’t advanced above the G League. Fedor states that the Cavaliers talked about calling him up as insurance with the recent rash of injuries, but management decided he wasn’t ready to contribute at the NBA level.

The Cavs signed Harrison on November 9 to provide an extra ball-handler with George Hill hurt. Hill returned to the lineup last night and Alec Burks, acquired in a trade with the Jazz this week, will help run the offense, which eliminates the need to keep Harrison. He had played in 10 of the team’s past 11 games and was averaging 4.3 PPG.

Grizzlies, Joakim Noah Agree To One-Year Deal

November 30th, 2018 at 10:37am CST by Luke Adams

The Grizzlies have reached an agreement with free agent center Joakim Noah, reports Shams Charania of The Athletic (Twitter links). According to Charania, Noah will ink a one-year contract worth the veteran’s minimum — that was all Memphis could offer, since the team had used its mid-level and bi-annual exceptions.

Noah will travel to Memphis on Sunday and sign his new contract with the Grizzlies sometime early next week, according to Charania, who adds that the club has targeted the 33-year-old for its backup center role all season.

Noah spent two seasons with the Knicks after signing a four-year, $72MM deal with the team in 2016. However, he appeared in just 53 games during his time in New York, being sent away from the club last spring following a run-in with then-coach Jeff Hornacek. The Knicks ultimately decided to waive Noah before this season’s regular season opener with two years left on his contract, stretching his $19.3MM salary for 2019/20 across three years.

Although Noah’s time as a Knick didn’t work out, he put up decent numbers in 2016/17 with the team, averaging 5.0 PPG, 8.8 RPG, and 2.2 APG in 46 games (22.1 MPG), so it’s possible he could still be productive in a limited role. He certainly won’t be relied upon as the lone defensive anchor in Memphis, where Marc Gasol and Jaren Jackson Jr. already roam the frontcourt.

As Charania alludes to, the Grizzlies and Noah had been circling one another for a while. The veteran big man was first linked to Memphis about a month ago, when a report suggested the two sides had been in contact. Those discussions reportedly intensified later in the month, with a report last week indicating that Noah and the Grizzlies were expected to finalize a deal in the not-too-distant future.

The Grizzlies waived Andrew Harrison earlier in the season to open up a spot on their 15-man roster, so no corresponding move will be necessary to make room for Noah. The precise cap hit for Noah will depend on what day he signs his contract — if it’s finalized on Monday, he’d be in line for a salary of about $1.74MM and would count for approximately $1.1MM against Memphis’ cap.

Although the Grizzlies don’t have a ton of breathing room below the luxury tax line, Noah’s modest cap charge won’t put them past that threshold.

Photo courtesy of USA Today Sports Images.

Celtics Waive Walt Lemon Jr.

November 29th, 2018 at 4:18pm CST by JD Shaw

The Celtics have waived guard Walt Lemon Jr., who was on a two-way contract with the team, according to Shams Charania of The Athletic (Twitter link).

Lemon didn’t appear in any games with Boston, spending much of his time with the club’s G League team in Maine. He was signed to a two-way deal in July after spending part of the 2017/18 season with the Pelicans, where he played five NBA games.

Lemon, 28, went undrafted in 2014 after playing four collegiate seasons at Bradley. He averaged 22.4 points in 40 games with the Fort Wayne Mad Ants, G League affiliate of the Pacers, during the 2017/18 season.

The Celtics have started the season with an 11-10 record, struggling to gain chemistry on both ends of the floor. They’re set to host the 4-16 Cavaliers on Friday.

Nuggets Granted Hardship Exception, Sign Brandon Goodwin

November 29th, 2018 at 3:44pm CST by Luke Adams

The Nuggets have been granted an injury hardship exception and have used their newly-available 16th roster spot to sign undrafted rookie guard Brandon Goodwin to a contract, the team announced today in a press release. Details of the deal weren’t revealed, but it figures to be a non-guaranteed pact.

Goodwin, who began his college career at UCF before transferring to Florida Gulf Coast, was named the Atlantic Sun Conference’s Player of the Year in 2017/18. For the season, the 6’2″ point guard averaged 18.6 PPG, 5.5 RPG, and 4.8 APG to go along with a .470/.275/.750 shooting line.

Goodwin joined the Grizzlies for training camp in the fall, but didn’t earn a spot on the club’s regular season roster, having been waived a few days before opening night. He opted to join the Grizzlies’ G League affiliate, the Memphis Hustle, and played well in nine games for the squad, averaging 23.4 PPG, 5.3 RPG, and 4.0 APG in 33.7 minutes per contest.

The NBA can grant a team a hardship exception when that team has at least four players who have missed three or more games and are expected to miss at least a couple more weeks. That hardship exception allows the club to add one extra player to its 15-man roster, increasing the limit to 16. In Denver’s case, Will Barton, Isaiah Thomas, Michael Porter, and Jarred Vanderbilt have all been on the shelf for most or all of the season.

Once one of the Nuggets’ four injured players is ready to return, the team will have to waive Goodwin or another player to get back down to the 15-man limit.

Cavaliers Trade Kyle Korver To Jazz

November 29th, 2018 at 11:35am CST by clarkcrum

NOVEMBER 29: The Cavaliers and Jazz have officially issued press releases confirming the trade.

NOVEMBER 28: The Jazz have agreed to trade Alec Burks and two future second-round picks to the Cavaliers in exchange for sharpshooting veteran Kyle Korver, according to Adrian Wojnarowski of ESPN (Twitter links). Wojnarowski adds that the picks being sent to Cleveland are Utah’s 2020 second-round pick and a 2021 second-round pick via the Wizards.

Korver, 37, is averaging 6.8 points on 46.1% shooting from the field and 46.3% from beyond the arc in 15.7 minutes per game so far this season. The 15-year veteran previously played three seasons in Utah, from 2007-10, before signing with the Bulls in the summer of 2010.

Burks, meanwhile, is averaging 8.4 points on 41.2% shooting from the field and 37.2% from beyond the arc in an almost identical 15.8 minutes per game. The 27-year-old guard has spent his entire seven-year career in Utah after being drafted 12th overall in 2011.

The Jazz, who have stumbled out of the gate to a disappointing record of 9-12 and currently sit as the 14-seed in the Western Conference, rank 29th in 3-point shooting. The trade for Korver will likely improve upon that figure and open things up for Donovan Mitchell, who has yet to show much improvement upon his scintillating rookie campaign.

As Bobby Marks of ESPN notes, Korver has a $7.56MM cap hit this season and will earn $7.5MM in 2019-20. But, his salary for next season is only guaranteed for $3.44MM before July 7, 2019. Burks is in the final year of his contract with a cap hit of $11.54MM.

Under NBA trade rules, the Cavaliers are able to absorb a player whose salary is up to $5MM more than Korver’s salary (i.e. $12.56MM), meaning Burks’ salary of $11.54MM will fit nicely and still keep the Cavs over $4MM under the luxury-tax level. Moreover, the Cavs create an additional $3.44MM in cap space for next season, the amount of Korver’s 2019/20 guarantee, thanks to Burks being on an expiring contract.

The Jazz, meanwhile, will create a $3.98MM trade exception, that figure representing the difference between the two players’ salaries. They’ll have one year from the date of the trade to use that exception to acquire another player, if they so wish.

Earlier today, we relayed how the Cavs were willing to take on long-term salary in exchange for other assets, so being able to get two draft picks and an expiring contract for Korver must feel like a real win for Cleveland’s front office.

Suns Waive Isaiah Canaan

November 28th, 2018 at 4:23pm CST by ChrisCrouse

4:23pm: The Suns have officially waived Canaan, per a release from the team.

2:40pm: The Suns will waive point guard Isaiah Canaan, according to Shams Charania of The Athletic (Twitter link).

Canaan, 27, started 15 games for Phoenix this season, though as Charania notes, Devin Booker has been getting more run at the point guard spot lately. Canaan is averaging 7.5 points and 3.3 assists per game this season.

The Suns’ G League affiliate, the Northern Arizona Suns, owns Canaan’s rights should he choose to join go that route, Adam Johnson of 2 Ways & 10 Days tweets. Canaan has played in 23 G League games to date.

Because Canaan was on a non-guaranteed contract, the Suns won’t be on the hook for his entire salary. Assuming he goes unclaimed on waivers, his cap charge would be about $407K.

Rockets Sign Danuel House

November 26th, 2018 at 3:44pm CST by Luke Adams

3:44pm: The Rockets have officially signed House, the team announced today in a press release. Houston now has a full 15-man roster, with Anthony still technically under contract.

12:02pm: The Rockets plan to sign Danuel House to a contract, according to Shams Charania of The Athletic, who reports (via Twitter) that the veteran swingman traveled to meet the team in Washington, where the Rockets are set to play the Wizards on Monday night.

House, 25, has appeared in a total of 24 regular season games for the Suns and Wizards since going undrafted out of Texas A&M in 2016. He has spent most of his professional career in the G League, playing for Delaware, Northern Arizona, and Rio Grande Valley.

This fall, House spent time in training camp with the Warriors, but was cut by Golden State before the regular season began and returned to the Rio Grande Valley Vipers, Houston’s G League affiliate. He has averaged a team-high 20.4 PPG in seven games for the Vipers.

It’s not clear if the Rockets intend to officially make a move with Carmelo Anthony at the same time they formalize their deal with House. Even with Anthony still under contract, Houston has room on its roster for House, so Carmelo may remain in limbo even after the club fills its 15th and final roster slot.

If he were to sign a minimum salary contract today, House would have a cap hit of approximately $1.2MM, increasing Houston’s projected tax bill by another $2MM+. However, he’ll likely get a non-guaranteed contract, which would give the Rockets the flexibility to avoid his full cap charge if they cut him by January 7.

Bucks Waive Jodie Meeks

November 25th, 2018 at 10:26am CST by clarkcrum

NOVEMBER 25, 10:26am: The move is official, according to a tweet from the team.

NOVEMBER 24, 12:41pm: The Bucks are waiving guard Jodie Meeks in order to maintain their roster at 15 players, reports Adrian Wojnarowski of ESPN. Meeks’ NBA-mandated suspension, which kept him off the team’s roster count while suspended, ends tonight.

As Matt Velazquez of the Milwaukee Journal Sentinel notes, this move has been expected since the Bucks traded for Meeks in October. Yet, as we detailed earlier this week, the Bucks always had the option to trade or release another player on their roster and keep Meeks in the fold.

Ultimately, however, it appears as though the second-round pick and cash that the Bucks received from the Wizards in the Meeks’ deal was enough incentive for Milwaukee to absorb his salary, and the Bucks didn’t need any contribution from the 31-year-old guard to make the trade for him worth their trouble.

Meeks, a nine-year veteran who has averaged 9.3 points per contest in 531 career games, will now be on the lookout for a new team.

Wizards Sign Okaro White

November 23rd, 2018 at 1:27pm CST by Luke Adams

NOVEMBER 23: The Wizards have officially signed White, the team announced today in a press release.

NOVEMBER 21: The Wizards intend to sign free agent forward Okaro White to fill one of the open spots on their roster, reports Shams Charania of The Athletic (Twitter link). Details of the agreement aren’t yet known, but I’d expect a one-year, non-guaranteed contract.

A report earlier this week suggested that White was close to signing with Israeli team Maccabi Tel Aviv, but that deal wasn’t yet official, and the Wizards have apparently agreed to terms on their own deal with the 26-year-old before he headed overseas. White is traveling to Washington today to join his new team, according to Charania.

A former undrafted free agent out of Florida State, White appeared in 41 games for the Heat over two seasons after making his NBA debut in January of 2017. He played just 13.4 minutes per contest for Miami, averaging 2.9 PPG and 2.3 RPG. White also finished the 2017/18 season with the Cavaliers and spent training camp with the Spurs this fall, but was waived by both teams.

The Wizards had to add a player to their roster within the next few days after having waived Chasson Randle earlier in November. NBA rules require teams to carry at least 14 players on standard contracts, but clubs can dip below that figure for up to two weeks at a time. Washington had been carrying 13 players since releasing Randle on November 12.