Transactions Rumors | Hoops Rumors

Grizzlies Sign Jay Huff To Four-Year Contract

October 28th, 2024 at 3:32pm CST by Tristan Tucker

8:55pm: Huff has officially signed the multiyear deal, according to a team press release.

3:32pm: The Grizzlies are converting center Jay Huff from his two-way deal to a standard, four-year contract, according to ESPN’s Shams Charania (Twitter link). Memphis has an open 15-man roster spot, so no corresponding move is necessary.

Huff has been outstanding for the Grizzlies to begin the year, averaging 13.3 points and 3.3 rebounds per game while shooting 63.6% from the field and 57.1% from beyond the arc. He has helped the Grizzlies win two of their first three games to open the season.

The Grizzlies could theoretically have kept Huff on his two-way deal well into the season, as teams are permitted to have two-way players active for 50 games apiece if they have 15 players on the standard roster or 90 combined games if they have 14 (like the Grizzlies did).

However, given the way Huff impressed the team in training camp, the preseason, and the regular season, the front office decided there was no reason to wait on promoting him.

As in recent years, Memphis is rewarding an impressive young player who had been on a two-way deal with a team-friendly long-term contract. GG Jackson, Vince Williams Jr. and Scotty Pippen Jr. each followed a similar path, with Pippen’s promotion occurring less than two weeks ago.

Huff went undrafted in 2021 after playing his college ball at Virginia. He spent time on two-ways with the Lakers, Wizards and Nuggets, but didn’t catch on with any of them at the NBA level despite earning Defensive Player of the Year honors in the G League in 2023.

The Grizzlies now have a two-way slot available. They can fill that with any player with fewer than four years of NBA experience. Maozinha Pereira, who earned a 10-day contract with the team and spent training camp with the Grizzlies, is one option worth keeping an eye on.

Nets Exercise Third-Year Options For Noah Clowney, Dariq Whitehead

October 28th, 2024 at 2:34pm CST by Tristan Tucker

The Nets have exercised the third-year rookie scale team options on Noah Clowney and Dariq Whitehead for the 2025/26 season, according to HoopsHype’s Michael Scotto (Twitter link).

Clowney, the No. 21 overall pick in the 2023 draft, is continuing to increase his playing time with Brooklyn. He appeared in just 23 games (making four starts) with the Nets in his rookie season, but he gradually grew into his role. Clowney made 10 appearances from the beginning of last year to mid-spring, but he played in the final 13 games of the season, averaging 8.0 points and 5.0 rebounds per night.

Through three games this fall, Clowney is averaging 9.0 PPG and 4.0 RPG off the bench. He’s on the books for $3.24MM this season and about $3.40MM in 2025/26.

Whitehead was drafted just one spot after Clowney at 22nd overall last year. However, he was sidelined with a left shin injury and has only made a total of three NBA appearances. His contract becoming guaranteed for a third year was less certain than Clowney after he shot 14.6% from the field in summer league and 22.2% in the preseason. Still, he’s just 20 years old and has tantalizing athletic upside, so he makes sense for a young Brooklyn squad.

He’s under contract for $3.11MM this season and $3.26MM in 2025/26.

As we outlined on Sunday, rookie scale options for ’25/26 are due Thursday.

Rudy Gobert Signs Three-Year Extension With Timberwolves

October 25th, 2024 at 3:03pm CST by Dana Gauruder

OCTOBER 25: Gobert’s extension with the Timberwolves is now official, the team announced today in a press release.

Gobert was permitted to sign the contract after the regular season began because it’s a veteran extension and he declined his 2025/26 player option as part of the agreement.

The deal begins at $35MM in 2025/26 and increases to $36.5MM in ’26/27, with a $38MM player option for ’27/28, according to ESPN’s Bobby Marks (Twitter links), who adds that Gobert’s trade kicker is worth 7.5%.

OCTOBER 22: The Timberwolves and center Rudy Gobert have agreed to a three-year, $110MM contract extension, Shams Charania of ESPN tweets.

The move comes on the heels of Minnesota trading away Gobert’s frontcourt partner, Karl-Anthony Towns, this offseason at the start of Towns’ max extension, which created more long-term cap flexibility for the club.

Gobert, 32, is scheduled to make $43,827,587 this season on his current deal. He had a $46,655,173 option for the 2025/26 season, which he’ll decline and replace with a smaller number in order to lock in two additional years beyond that.

The new extension will include a player option for 2027/28, as well as a trade kicker, Charania adds (Twitter link).

Minnesota will get some cap relief with Gobert declining that 2025/26 option, giving the team more flexibility to make moves next offseason. Julius Randle and Naz Reid, the team’s other main frontcourt players, could become free agents if they decline their own ’25/26 player options next summer.

Gobert is the reigning Defensive Player of the Year, having won the award for a fourth time this past spring. After a rocky first season with the organization following the blockbuster deal between Minnesota and Utah, Gobert settled in last season and played an integral role on a team which reached the Western Conference Finals.

Gobert is also one of the more durable players in the league by current standards. He hasn’t appeared in fewer than 66 regular season games since the 2018/19 season.

Last season, he made 76 starts and averaged 14.0 points, 12.9 rebounds and 2.1 blocks per night. He also started 15 postseason games, averaging 12.1 PPG and 9.8 RPG.

The Wolves had a +8.0 net rating during the regular season when Gobert was on the court, compared to a +3.0 mark when he sat. During the playoffs, that gap increased to +9.8 in the center’s minutes and -6.3 when he on the bench.

Mavericks Exercise 2025/26 Options On Lively, Prosper

October 23rd, 2024 at 7:01pm CST by Alex Kirschenbaum

The Mavericks have exercised the third-year rookie scale team options on center Dereck Lively and combo forward Olivier-Maxence Prosper, Dallas revealed (Twitter link).

The two players now have guaranteed contracts through at least the next two seasons, with Lively assured of earning $5.25MM in ’25/26 while Prosper will make $3MM.

Though both were first-round draft picks last summer, there was a significant difference between the roles the two rookies played on the Finals-bound Mavericks in 2023/24.

A 7’1″ big man out of Duke, Lively was the No. 12 overall pick and played regular minutes in the Mavs’ frontcourt from day one. Though he didn’t close the year as the team’s starting five, he made 42 regular season starts and was arguably just as important as veteran Daniel Gafford.

Both Gafford and Lively are athletic, rim-rolling big men with high motors who became easy lob partners for All-Star guards Luka Doncic and Kyrie Irving. Across 55 regular season bouts as a rookie, Lively averaged 8.8 points on 74.7% shooting from the field, plus 6.9 rebounds, 1.4 blocks, and 1.1 assists per night. He contributed 7.9 PPG, 7.4 RPG, and 1.0 BPG off the bench in 21 playoff games.

Prosper was drafted with the No. 24 pick out of Marquette, but didn’t emerge as a rotation piece for Dallas in his first year. The 6’8″ forward appeared in just 40 contests for the Mavericks, averaging 3.0 points and 2.0 rebounds in 8.4 minutes per game.

Thunder Pick Up 2025/26 Options On Four Players

October 23rd, 2024 at 2:32pm CST by Luke Adams

The Thunder have exercised their 2025/26 rookie scale team options on four second- and third-year players, the team announced today in a press release.

All four players were already on guaranteed contracts for 2024/25 and have now had their salaries locked in for the following season too. Those players – and their ’25/26 salaries – are as follows:

Chet Holmgren, C (fourth year, $13,731,368)
Ousmane Dieng, F (fourth year, $6,670,882)
Jalen Williams, F (fourth year, $6,580,997)
Cason Wallace, G (third year, $5,820,240)

Holmgren and Williams were full-time starters in the frontcourt last season for a Thunder team that won 57 games, claimed the No. 1 seed in the Western Conference, and won a playoff series.

The runner-up in Rookie of the Year voting, Holmgren played all 82 regular season games and averaged 16.5 points, 7.9 rebounds, 2.4 assists, and 2.3 blocks in just 29.4 minutes per contest. The 22-year-old also posted a strong shooting line of .530/.370/.793.

Williams, 23, took a significant step forward across the board after finishing second in Rookie of the Year voting in 2023. The former No. 12 overall pick registered averages of 19.1 PPG, 4.5 APG, and 4.0 RPG on .540/.427/.814 shooting in 71 games (31.3 MPG) in his second NBA season.

Wallace, 20, immediately emerged as a rotation player for Oklahoma City as a rookie, earning regular minutes with his strong perimeter defense. Like Holmgren, he appeared in all 82 games during the regular season, averaging 6.8 PPG, 2.3 RPG, and 1.5 APG with a .491/.419/.784 shooting line in 20.6 MPG.

Dieng, 21, is the only one of these four players whose option decision wasn’t a mortal lock. The 6’10” forward, who was drafted 11th overall in 2022, has yet to emerge as a regular contributor in OKC, having appeared in just 33 games off the bench last season. However, the Thunder remain encouraged by Dieng’s play in the G League, where he averaged 17.2 PPG, 7.6 RPG, and 5.4 APG in 33 Showcase Cup and regular season outings in 2023/24.

Holmgren, Dieng, and Williams will now be eligible for rookie scale extensions in the 2025 offseason, and it’s safe to assume the Thunder will make an effort to lock up at least Holmgren and Williams at that time. The team’s decision on Wallace’s fourth-year option for 2026/27 will be due next fall.

Next Thursday (October 31) is the deadline for teams to exercise rookie scale options for 2025/26. We’re tracking those decisions right here.

Hardy Signs Three-Year Extension With Mavs; No Extension For Grimes

October 22nd, 2024 at 6:35pm CST by Dana Gauruder

OCTOBER 22: Hardy has officially signed his extension, according to Mavs PR (Twitter link).

OCTOBER 21: Third-year guard Jaden Hardy has agreed to a three-year, $18MM extension with the Mavericks, ESPN’s Shams Charania tweets. The final year of Hardy’s extension will include a team option, Tim MacMahon of ESPN tweets.

Hardy was a second-round pick in 2022 and the contract he’s signing is considered a veteran extension rather than a rookie scale extension.

He was eligible to sign at any point this season, unlike some other veterans who faced a Monday deadline. However, Hardy and the team chose to get the deal done sooner rather than later.

In related news, the Mavericks won’t be signing Quentin Grimes to a rookie scale extension, The Athletic’s Fred Katz tweets. Grimes will be headed to restricted free agency next summer.

Hardy has proved to be a valuable rotation player in his two NBA seasons. He saw action in 73 regular season games last season, including seven starts, averaging 7.3 points, 1.8 rebounds and 1.5 assists in 13.5 minutes per contest. He’s established himself as a reliable three-point threat in his two seasons in Dallas (37.9%).

The 6’4” Hardy also played regularly in the postseason, albeit in limited minutes. He averaged 4.2 PPG in 6.8 MPG. He could have an opportunity for more minutes early in the 2024/25 season with Dante Exum sidelined due to wrist surgery.

Low-cost rotation players are extremely valuable to contenders with max contract players on their ledger, so Hardy’s willingness to sign for an average of $6MM per season was naturally an incentive for the Western Conference champions.

The Grimes news comes somewhat as a surprise, considering he was reportedly negotiating a three-year extension with Dallas. According to Marc Stein (Twitter link), despite some initial optimism, the two sides were unable to bridge a gap in their discussions during the final days leading up to Monday’s deadline.

Grimes, a late first-rounder in 2021, spent two-and-a-half seasons with the Knicks, then was dealt to the Pistons at the February trade deadline. Detroit included Grimes in the offseason Tim Hardaway Jr. deal.

Pistons Sign Alondes Williams To Two-Way Deal

October 22nd, 2024 at 11:58am CST by Luke Adams

The Pistons have officially filled their third and final two-way slot by signing free agent guard Alondes Williams to a two-way contract, the team announced today in a press release (Twitter link).

Reporting on Saturday indicated that Detroit planned to sign Williams. However, the team had to wait for him to clear waivers first. That happened on Monday, two days after he was cut by the Clippers.

Williams, who played college ball for Triton College, Oklahoma, and Wake Forest, went undrafted in 2022 and spent his rookie season with the Nets and their G League affiliate in Long Island. Last August, he signed an Exhibit 10 contract with the Heat and opened the season with the Sioux Falls Skyforce, Miami’s G League affiliate, before signing a two-way contract with the Heat in February and finishing the season on their 18-man roster.

Although Williams has only played 21 total minutes across eight appearances for Brooklyn and Miami at the NBA level, he’s coming off a big year in the G League. In 43 Showcase Cup and regular season appearances for the Skyforce in 2023/24, he put up 20.3 points, 7.1 assists, and 5.3 rebounds in 37.4 minutes per game, with a shooting line of .499/.369/.742. The 25-year-old also helped the Heat win a Summer League title in July, averaging 12.0 PPG and 4.8 APG with a .480 3PT% in five games in Las Vegas.

Williams was in camp with the Clippers on a non-guaranteed deal, but didn’t secure a spot on L.A.’s regular season roster. The Pistons reached a deal with him immediately after he was waived and have now added a pair of former Heat youngsters in the past two days, having also inked Cole Swider to a two-way contract.

Now that the Pistons have all three of their two-way slots filled, the Magic are the only NBA team that still has a two-way opening. That means 89 of 90 two-way spots around the league are occupied, as our tracker shows.

Aaron Gordon Signs Long-Term Extension With Nuggets

October 21st, 2024 at 11:00pm CST by Dana Gauruder

11:00pm: Gordon’s new deal with the Nuggets is official, per NBA.com’s transaction log.

7:38pm: The Nuggets and forward Aaron Gordon have agreed on a contract extension, NBA insider Chris Haynes tweets. The deal will include a player option and a trade kicker, Shams Charania of ESPN tweets.

While Haynes and Charania refer to the contract as a four-year extension, the agreement will actually adding three new years to Gordon’s current contract and will begin in 2026.

Gordon, who is earning a base salary of $22.84MM in 2024/25, will exercise his $22.84MM player option for ’25/26 as part of the agreement, then receive his maximum salary for the next three seasons after that, Charania adds (Twitter link).

Because Gordon is eligible for a 40% raise on his option salary, the extension will start at $31.98MM, with a ’27/28 salary of $34.54MM and a player option worth $37.1MM in ’28/29. The deal will include $103.61MM in total new money over those three seasons, plus incentives that could increase the total value to approximately $109MM.

Gordon is the second Nuggets starter to get a major extension this offseason. Denver locked up point guard Jamal Murray with a four-year, maximum-salary extension in September.

Superstar center Nikola Jokic and forward Michael Porter Jr. are both signed through the 2026/27 season, with Jokic also holding a player option for ’27/28.

The Nuggets lost Kentavious Caldwell-Pope in free agency in July and were intent on keeping their remaining core intact. Gordon would have remained extension-eligible during the season if he had declined his ’25/26 option as part of an agreement, but had to get the deal done by Monday night in order to pick up that option and extend off that number.

If he had declined his option, Gordon would have eligible for up to $143.3MM on a four-year extension starting in 2025, so the Nuggets managed to get the deal done somewhat lower than that figure. That should help the team better manage its luxury tax situation in ’25/26.

Gordon has proven to be a versatile starter since he was acquired from Orlando during the 2020/21 season, fitting in well with Jokic on offense and providing solid defense on the wing. He has appeared in at least 68 regular season games in each of his three full seasons with Denver. Last season, Gordon averaged 13.9 points, 6.5 rebounds and 3.5 assists per game while struggling with his shooting from deep (29.0%).

Wizards Re-Sign Jared Butler On Two-Way Deal, Waive Dennis

October 21st, 2024 at 6:21pm CST by Dana Gauruder

10:42pm: Butler has officially signed his two-way deal, according to the NBA transactions log.

6:21pm: The Wizards are bringing back free agent guard Jared Butler on a two-way deal, Marc Stein tweets.

Butler was on a standard contract with Washington entering training camp but was cut on Saturday. He cleared waivers on Monday.

It’s not surprising that Butler was brought back by the Wizards, who reportedly explored ways to keep Butler on the 15-man roster. He was on a non-guaranteed contract and the team was already carrying 15 players on fully guaranteed deals. It’s entirely possible Butler will wind up signing another standard contract at some point this season.

To make room for Butler, the Wizards waived guard RayJ Dennis, according to the NBA transactions log.

The 40th overall pick in the 2021 draft, Butler spent time with Utah and Oklahoma City before playing for the Wizards in 2023/24. He was on a two-way contract for most of the season before being converted to a multiyear standard contract in April.

Butler appeared in a total of 40 NBA games last season, averaging 6.3 points, 3.2 assists, and 1.5 rebounds in 14.2 minutes per night, with a .488 FG%. He also had a strong preseason this month, with averages of 6.8 PPG and 4.2 APG on .536/.400/.667 shooting in five games (14.3 MPG).

Dennis was just signed to a two-way contract over the weekend. The undrafted Baylor guard averaged 13.6 points, 6.7 assists, and 3.9 rebounds in 34.3 minutes per game across 35 contests last season (all starts).

The Wizards opted to retain Justin Champagnie and Tristan Vukcevic with their other two-way deals.

Pistons Exercise 2025/26 Options On Four Players

October 21st, 2024 at 5:36pm CST by Dana Gauruder

The Pistons have exercised their 2025/26 contract options on Jaden Ivey, Jalen Duren, Ausar Thompson and Marcus Sasser, the team’s PR department tweets.

For Ivey and Duren, the options cover their fourth NBA seassons. Ivey, the fifth pick in 2022, will now get a guaranteed $10,107,163. Duren, chosen 13th overall that same draft after the Pistons swung a deal to acquire him, will make $6,483,144 next season.

Both players will either start or be regular second-unit players this season. They will be eligible for rookie scale extensions next summer.

Thompson and Sasser were first-rounders last season. Thompson, the No. 5 pick in 2023, will make $8,775,162 in 2025/26, while Sasser, the No. 25 pick last year, will receive $2,886,431. The Pistons will have until October 31, 2025 to pick up their fourth-year options for ’26/27.

Notably, the Pistons also have a fifth player who has a rookie scale team option for 2025/26: Wendell Moore, acquired over the summer in a trade with Minnesota, would make $4,574,283 if his option is picked up.

While Detroit still has another 10 days to exercise Moore’s option, teams typically announce all of those decisions at the same time, so his omission from today’s press release is a strong indication that option won’t be picked up. Assuming that’s the case, he’d become an unrestricted free agent next summer.

We’re tracking all of the ’25/26 rookie scale option decisions right here.