Transactions Rumors | Hoops Rumors

Wizards Waive Chasson Randle

November 12th, 2018 at 4:30pm CST by marksuleymanov

The Wizards have waived point guard Chasson Randle, tweets Shams Charania of The Athletic.

Randle was in camp with Washington but was waived shortly before the start of the regular season. The 25-year-old did not appear in any games with the Wizards after the team re-signed him to a standard NBA contract in late October to meet roster requirements.

The Stanford University product appeared in 26 games last season with the Sixers and Knicks. He averaged 5.3 PPG and 1.3 APG in 11.5 minutes per game during his brief NBA stint.

With Randle waived, that could pave the way to the Wizards calling up Jordan McRae, tweets Candace Buckner of The Washington Post. The Wizards signed McRae, 27, to a two-way deal in September. He has appeared in 63 career NBA games, including four with Washington this season.

Whether it’s McRae or someone else, the Wizards will need to sign a 14th player to its roster within two weeks as the CBA stipulates teams cannot carry just 13 on standard deals beyond that time period.

Timberwolves Trade Jimmy Butler To Sixers

November 12th, 2018 at 12:07pm CST by marksuleymanov

NOVEMBER 12: The Sixers and Timberwolves have issued press releases announcing that the deal is now official.

NOVEMBER 10: The Sixers have agreed to acquire Timberwolves star Jimmy Butler and Justin Patton for Robert Covington, Dario Saric, Jerryd Bayless and a 2022 second-round pick, according to Shams Charania and Jon Krawczynski of The Athletic (Twitter links). A trade call with the league to finalize the deal has been scheduled for Monday, Charania adds (via Twitter).

Elton Brand‘s first major move as the Sixers’ general manager will allow the team to acquire a third star alongside Simmons and Embiid without having to take their chances trying to lure that sort of impact player to Philadelphia during 2019’s free agent period. It should also reduce the pressure on 2017’s first overall pick Markelle Fultz to develop into that third star.

Butler and the Sixers fully expect to reach an agreement on a long-term deal for the All-NBA swingman once he’s eligible for free agency in 2019, per ESPN’s Adrian Wojnarowski (Twitter link). Philadelphia’s plan is to have a long-term big three of Butler, Ben Simmons and Joel Embiid, according to Wojnarowski, who suggests (via Twitter) that only a major injury or a poor fit alongside Simmons and Embiid could diminish the Sixers’ optimism on a long-term future with Butler.

It remains to be seen how Butler will fit on and off the court in Philadelphia with the team’s two young stars after failing to make things work with Karl-Anthony Towns and Andrew Wiggins in Minnesota, but the four-time All-Star should significantly increase the 76ers’ ceiling. Butler will provide play-making and shooting (.361 3PT% since 2016/17) on offense, and figures to replace Covington as the team’s primary perimeter stopper on defense. As for Patton, his NBA career has been derailed by foot injuries, and he’s unlikely to be a Sixer beyond this season.

Even if they re-sign Butler in 2019, the Sixers won’t necessarily be capped out quite yet, with Simmons still on his rookie deal. As ESPN’s Bobby Marks details, with cap holds for Butler and fellow free agent T.J. McConnell to consider, the team would have about $21MM in cap room next summer. If the 76ers want to clear enough room for another max player, trading Fultz would just about get them there, though Philadelphia’s cap sheet could get messy in that scenario, with an eventual max deal for Simmons also on the horizon.

For Minnesota, this trade will end a near two-month saga after Butler’s trade request went public. The week before training camps got underway, word broke that Butler had asked to be traded during a meeting with Timberwolves coach and president of basketball operations Tom Thibodeau and didn’t intend to report to camp.

When the Wolves didn’t find a trade for Butler right away, he rejoined the team, but the last five or six weeks have been rife with drama. The 29-year-old’s return to Minnesota was highlighted by a now-infamous expletive-filled rant in a preseason practice, and things hadn’t quieted down much since then. Now that the Wolves have finally resolved the situation, the team will have an opportunity to focus on a future centered around former No. 1 overall picks Towns and Wiggins.

The Timberwolves will now add Covington and Saric to that long-term core — Saric won’t be up for restricted free agency until 2020, while Covington is locked up through 2022. Both players make sense for Thibodeau, GM Scott Layden, and the Wolves, who didn’t want to take a significant step back in their roster-building process after snapping a lengthy postseason-less streak this past spring. Covington and Saric will be able to jump into the rotation immediately and should also be part of the team for years to come.

Bayless is on an expiring contract and almost certainly won’t be part of Minnesota’s future plans, as he was just included in the swap for salary-matching purposes. If the Wolves don’t plan for Bayless to have a role this season, he’ll become a buyout candidate.

Thibodeau, Layden, owner Glen Taylor, and the Timberwolves also reportedly discussed potential Butler trades with several other teams before agreeing to terms with the Sixers. The Rockets and Heat were said to be the most aggressive suitors, as Minnesota allegedly passed on a Miami offer that included Josh Richardson and a first-round pick, and also balked at a Houston offer featuring four first-round picks.

We don’t know what the protections on those Rockets’ first-rounders or the Heat first-rounder would have looked like, and the Wolves likely would have had to take on an unwanted multiyear contract in each of those proposals. Still, it will still be fascinating to see how Covington and Saric pan out in Minnesota, since we have a sense of what sort of other packages were available to the Wolves.

While Thibodeau exercised plenty of patience through the Butler saga, that patience ran out after the Timberwolves concluded their 0-5 road trip on Friday, according to Wojnarowski (Twitter link). League sources told Wojnarowski that Thibodeau came to the realization Minnesota couldn’t win with Butler in such a dysfunctional environment, and told associates that the team wouldn’t play another game with Butler.

Wojnarowski and ESPN’s Brian Windhorst also report (via Twitter) that team ownership was “heavily involved” on both sides of the negotiations, with Taylor and Josh Harris of the Sixers working closely with management to finalize a deal.

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

Cavs Sign Harrison To Two-Way Deal, Waive Holland

November 9th, 2018 at 11:52am CST by JD Shaw

NOVEMBER 9: The Cavaliers have made it official, announcing a press release that they’ve signed Harrison to a two-way contract and waived Holland.

NOVEMBER 8: The Cavaliers plan to sign free agent Andrew Harrison on a two-way contract, tweets Adrian Wojnarowski of ESPN. Harrison was waived by the Grizzlies last week after spending two full seasons with the team.

Wojnarowski also reports the Cavs will waive 30-year-old John Holland, who appeared in just one game with the club. Holland has spent much of his professional career playing overseas and in the NBA G League, and was on a two-way contract.

Cleveland has started the 2018/19 season with a 1-10 record, firing head coach Tyronn Lue and coping with a toe injury to All-Star Kevin Love. The team is beginning to shift its focus from contending to rebuilding, with trades for Kyle Korver and J.R. Smith becoming increasingly likely before the NBA’s trade deadline in February.

In 56 games with the Grizzlies last season, Harrison averaged 9.5 points, 3.2 assists and 23.7 minutes. He shot 42% from the floor and 33% from 3-point range.

After waiving Harrison, Memphis has prioritized signing a free agent center, a league source said. The team has conducted free-agent workouts this week and hopes to sign a player in the near future.

Lakers Sign Tyson Chandler

November 6th, 2018 at 5:01pm CST by ChrisCrouse

The Lakers have signed Tyson Chandler, GM Rob Pelinka announced today (via the team’s website). Chandler was waived by the Suns over the weekend and cleared waivers earlier this evening.

“Having observed our roster for the first 10 games of this young season, one of the areas that [president of basketball operations Magic Johnson] and I discussed with [head coach] Luke [Walton] that we desired to upgrade is interior defense and rebounding,” said Pelinka.

“In Tyson Chandler, we addressed that need, and so much more. We are excited that Tyson will bring championship-level experience to our Lakers team that will solidify our veteran leadership and help positively shape our young core. We are thrilled for Tyson to join us as we progress towards our ultimate goals as a team.”

The deal will be a one-year pact for the veteran’s minimum, per Marc Stein of the New York Times. He’ll receive approximately $2.11MM this season, which is the same amount that he gave up in his buyout agreement with the Suns. The Lakers’ cap hit for the deal will be about $1.33MM.

The news of Chandler coming to the Lakers broke on Sunday and LeBron James told local media members that he was thrilled with the reports. “We love the fact that we’re going to get another veteran. A guy who plays hard, who is very smart and another champion,” James said. Chandler previously played with James on the 2012 Gold Medal Olympic team.

The 4-time MVP added that Chandler “adds depth” to an area the team has “struggled” with at times this season. Los Angeles signed JaVale McGee during the offseason and he’s played well. However, the team lacks a reliable big behind the former Warrior.

Chandler is expected to make his debut for the Lakers on Wednesday against the Timberwolves, Jordan Schultz of ESPN.com reports (Twitter link).

Photo courtesy of USA Today Sports Images.

Suns, Tyson Chandler Finalize Buyout Agreement

November 4th, 2018 at 1:23pm CST by Luke Adams

The Suns officially reached a buyout agreement with Tyson Chandler and have requested waivers on the veteran center, the team confirmed today in a press release. It was first reported on Saturday that the two sides would be parting ways.

“We want to thank Tyson for his contributions to the Suns over the past three-plus seasons,” interim co-GM James Jones said in a statement. “With respect for Tyson’s accomplished career, today’s move gives him the chance to pursue a new opportunity while allowing our younger players to continue developing. Tyson is a consummate professional and we wish him all the best.”

Chandler’s role with the Suns had dwindled, from 25.0 minutes per game last season to just 12.7 MPG in the early going this year. The 18-year veteran started all 46 games he played for Phoenix in 2017/18, but had been moved to the bench this season due to the arrival of first overall pick Deandre Ayton. Chandler averaged 6.5 PPG and 9.1 RPG last year.

Chandler was in the final year of a contract that paid him approximately $13.59MM this season. Phoenix will be able to trim some of that cap hit off the books as a result of the buyout agreement, while the 36-year-old figures to sign a minimum salary with his new team.

That new team will be the Lakers, according to multiple reports. ESPN’s Adrian Wojnarowski (Twitter link) indicated on Saturday that the framework for a buyout agreement between Chandler and the Suns had been in place for a little while, but it wasn’t put into motion until the big man knew he had a landing spot lined up.

The Lakers have been thin at center this season, leaning heavily on JaVale McGee and relying on smaller players to spend time at the five, so Chandler should see some playing time in Los Angeles. He’ll be eligible to sign with L.A. after he clears waivers on Tuesday.

Photo courtesy of USA Today Sports Images.

Suns Working On Buyout With Tyson Chandler

November 3rd, 2018 at 4:52pm CST by Arthur Hill

5:24pm: Chandler’s frustrations with the Suns have been growing over the years, according to John Gambadoro of Arizona Sports 98.7 (Twitter link). He was angry about losing and being shut down early, playing just 47 and 46 games the past two seasons. Before zeroing in on the Lakers, Chandler had also expressed interest in joining the Wizards, Warriors or Rockets.

4:52pm: The Suns are negotiating a buyout with 36-year-old center Tyson Chandler, tweets Marc Stein of The New York Times, and the Lakers are his likely destination once he clears waivers (Twitter link).

After being used primarily as a starter since coming to Phoenix in 2015, Chandler has slipped into a reserve role this season behind No. 1 pick Deandre Ayton. He has averaged 12.7 minutes per night in seven games and doesn’t fit in with the Suns’ youth movement. Chandler is making $13.6MM in the final season of a four-year, $52MM contract.

He could become a defensive anchor for the Lakers, who don’t have much depth at center behind starter JaVale McGee. Chandler is a native of Los Angeles, Stein notes, and his salary will likely discourage any other team from making a waiver claim.

He and the Suns have had a standing buyout agreement in place for a while, according to ESPN’s Adrian Wojnarowski (Twitter link). Chandler wanted to be sure another team would pick him up before finalizing the deal, and he found a taker in L.A. It explains why the Lakers didn’t make a stronger effort during the offseason to sign another center, adds ESPN’s Zach Lowe (Twitter link).

Pacers Waive Ben Moore

November 3rd, 2018 at 11:55am CST by marksuleymanov

The Pacers have waived forward Ben Moore, the team announced in a press release on Saturday. Indiana also recalled center Ike Anigbogu from their G League affiliate.

Moore, 23, in his second year out of SMU, re-signed with Indiana on a one-year, partially guaranteed deal in September. The forward went undrafted last summer and later joined the Pacers’ G League affiliate Fort Wayne Mad Ants. He averaged 11.7 PPG and 6.4 RPG in 43 G League contests last season.

Moore appeared in two games with the Pacers last season after his deal was converted to a two-way pact.

With Moore waived, Indiana’s roster total drops to 14, not including two-way players Davon Reed and Edmond Sumner.

Grizzlies Waive Andrew Harrison

November 1st, 2018 at 12:29pm CST by Luke Adams

The Grizzlies have officially released guard Andrew Harrison, the team announced today in a press release. Harrison will become an unrestricted free agent on Saturday, assuming he goes unclaimed on waivers.

Harrison, who turned 24 on Sunday, had been the primary backup for Mike Conley at the point in Memphis over the last couple years. In his first two NBA seasons, the former Kentucky standout recorded 7.5 PPG, 2.9 APG, and 2.1 RPG in 128 games (21.9 MPG).

However, Harrison had fallen out of the rotation this season, with Conley healthy and free agent addition Shelvin Mack taking over the backup role. The Grizzlies also have rookie Jevon Carter at the point, with Garrett Temple capable of handling the ball as well, creating a good deal of depth even without Harrison in the mix.

Because Harrison’s contract was non-guaranteed, Memphis won’t be on the hook for his full $1,544,951 cap charge. Instead, the cap hit will be just $200K, per ESPN’s Bobby Marks (Twitter link). The Grizzlies, who aren’t far from the luxury tax line, will save a little money and maintain some roster flexibility if they opt not to replace Harrison on their roster right away.

Nuggets Decline Option On Tyler Lydon

October 31st, 2018 at 9:53pm CST by Arthur Hill

The Nuggets won’t pick up the third-year option on power forward Tyler Lydon, tweets Mike Singer of The Denver Post.

The 24th pick in the 2017 draft, Lydon was acquired from the Jazz as part of the return for Donovan Mitchell, who finished second in last season’s Rookie of the Year voting. Lydon spent most of the season in the G League appearing in just one game for Denver. He has played twice this season, averaging 2.0 minutes per night.

Lydon, who would have made $2,190,720 for the 2019/20 season, will instead become an unrestricted free agent next summer. The Nuggets can still re-sign him, but can’t exceed the value of his option in the first year of any new contract.

Rockets Won’t Pick Up Option On Marquese Chriss

October 31st, 2018 at 5:55pm CST by Arthur Hill

The Rockets have declined their fourth-year option on Marquese Chriss, tweets ESPN’s Adrian Wojnarowski.

Houston hasn’t seen Chriss in action much since acquiring him two months ago in a trade with the Suns. An ankle injury sidelined him for most of the preseason and the start of the regular season, and he just made his official debut with the team last night.

Chriss, who will be an unrestricted free agent next summer, would have earned $4,078,236 next season, which is now the maximum the Rockets can offer him in the first year of a new contract. Houston is hovering near the luxury tax with $131.5MM already committed for 2019/20, which likely factored into the decision on Chriss.

The Suns were intrigued enough with Chriss’ potential to make a deal with the Kings and take him with the eighth pick in the 2016 draft. After a promising rookie year, he regressed last season, averaging 7.7 points and 5.5 rebounds in 72 games while shooting just 42% from the field.

Chriss was sent to Houston at the end of August along with Brandon Knight in a deal for Ryan Anderson and De’Anthony Melton. He and Knight have reportedly been offered to the Timberwolves along with four draft picks in exchange for Jimmy Butler, but the Wolves don’t appear likely to accept that deal.

Today marks the two-month anniversary of the Rockets acquiring Chriss and Knight, which means both are now eligible to be aggregated in a trade. Any team that deals for Chriss would also be limited to $4,078,236 as a starting salary in a future offer.