Transactions Rumors | Hoops Rumors

Rockets Sign Austin Rivers

December 24th, 2018 at 11:09am CST by Arthur Hill

DECEMBER 24, 11:09am: The Rockets have officially signed Rivers to a rest-of-season deal, announcing the news in a press release.

DECEMBER 23, 1:34pm: Rivers will get back the $650K he gave to Phoenix in his buyout agreement, plus nearly $500K more from the Rockets, tweets ESPN’s Bobby Marks. Houston’s cap hit will fall between $914K and $931K, depending on when his signing becomes official. The Rockets don’t play again until Tuesday.

DECEMBER 23, 12:53pm: Former Wizards guard Austin Rivers has reached an agreement to join the Rockets, tweets Jonathan Feigen of The Houston Chronicle.

His contract will be fully guaranteed for the rest of the season, according to ESPN’s Adrian Wojnarowski (Twitter link). Houston has an open roster spot, so no corresponding move will be necessary. The Rockets have part of their mid-level exception remaining, but there’s no word on whether Rivers will receive more than a veteran’s minimum contract. His new salary will cut into the $12MM still owed to him by the Suns, who waived him earlier this week.

Houston has a need for guard help with Chris Paul sidelined for at least the next two weeks with a strained hamstring. The move reunites the former Clippers teammates, who had an uneasy relationship when they were together in L.A. Sources tell Wojnarowski that Paul had no objections to signing Rivers, understanding that the team needs immediate backcourt help (Twitter link).

The agreement with the Rockets caps an eventful nine days for Rivers, who was involved in a canceled three-team trade, then was dealt to the Suns the next day. He reached a buyout agreement with Phoenix and has been looking for an opportunity with a contending team that could offer him consistent playing time. Houston qualified when Paul got injured Thursday night.

Rivers was having a productive first year in Washington after being acquired from the Clippers in an offseason trade. Used mainly in a reserve role, he posted a 7.2/2.4/2.0 line through 29 games.

Wizards Sign Ron Baker, Waive Okaro White

December 21st, 2018 at 10:45am CST by clarkcrum

DECEMBER 21: The Wizards have officially signed Baker and waived White, the team announced today in a press release.

DECEMBER 19: The Wizards have agreed to sign Ron Baker to a new contract, reports Adrian Wojnarowski of ESPN. In a related, albeit unnecessary move, Wojnarowski adds that Washington will waive forward Okaro White. Marc Berman of the New York Post adds that the Nuggets also had interest in Baker before he agreed to terms with the Wizards.

As it currently stands, the Wizards only have 14 players on their roster with standard NBA contracts, so they could have kept White and signed Baker. However, as we’ve noted on several previous occasions, Washington is extremely cognizant of their looming luxury tax bill, so it’s not surprising that they will waive White, the only player on the roster with a non-guaranteed contract, and keep their roster at 14.

Assuming that White is waived/Baker signs for the veteran’s minimum tomorrow (all that Washington can offer), and that White is not picked up off waivers, the Wizards will incur a cap hit of just over $957K for Baker and just under $248K for White, totaling approximately $1.2MM. The cap hit for White, had he remained on the roster past January 10, was for $1.19MM, so the ultimate tax difference is negligible.

Accordingly, the move likely comes down to roster fit and team need, and as Keith Smith of Yahoo Sports notes, the Wizards really need a guard more than a forward/big man right now, as further indicated by yesterday’s signing of point guard Chasson Randle and the surprisingly positive play from Sam Dekker.

Baker, 25, was recently waived by the Knicks to make room for the signing of former two-way standout Allonzo Trier. In his three NBA seasons with New York, Baker averaged only 3.3 points and 1.8 assists per game, but had become a fan favorite with his work ethic and hard-nosed play.

Meanwhile, White, 26, signed with the Wizards about a month into the 2018/19 season after spending the last couple of seasons in Miami. For his career, he’s averaged 2.7 points and 2.2 rebounds per contest.

Photo courtesy of USA Today Sports Images.

Suns Waive Austin Rivers

December 18th, 2018 at 4:10pm CST by marksuleymanov

DECEMBER 18: The Suns have waived Rivers, according to the team’s website. He will clear waivers on Thursday at approximately 5:00 pm Eastern Time.

DECEMBER 17: The Suns have agreed to part ways with veteran point guard Austin Rivers, whom the team acquired in the Trevor Ariza deal, per ESPN’s Adrian Wojnarowski (Twitter link).

Rivers, 26, is making $12.6MM this season in the final year of a four-year pact he inked with the Clippers in 2016. Los Angeles traded Rivers to the Wizards in the summer in exchange for Marcin Gortat. Per Wojnarowski, both sides agreed that Rivers fits better on an older team contending for the postseason. If and when Rivers clears waivers, he will be eligible to sign with any team except for Washington.

Earlier today, we relayed Suns’ head coach Igor Kokoskov expressing excitement at Phoenix utilizing Oubre and Rivers.

“We need somebody who’s gonna help us with maintaining,” he said. “A lot of games, we can’t go through the 48 minutes…We’re gonna find their roles. We definitely can use the talent and experience they have.”

In 29 games this season, Rivers is averaging 7.2 PPG, 2.4 RPG and 2.0 APG. Those totals are down from the previous two seasons when the California native was a starter for the Clippers. Last season, he set a career-high 15.1 PPG and 4.0 APG in 61 games (59 starts).

Still, Rivers has significant postseason experience and could be a helpful piece to a team that needs scoring off the bench.

Wizards Sign Chasson Randle

December 18th, 2018 at 10:29am CST by marksuleymanov

DECEMBER 18: The Wizards have officially signed Randle, the team announced today in a press release.

DECEMBER 17: The Wizards will sign point guard Chasson Randle to a one-year, veteran’s minimum contract, according to Candace Buckner of The Washington Post (Twitter link).

Washington waived Randle before the season began, then re-signed him to a standard NBA contract in late October to meet roster requirements. The 25-year-old was subsequently waived again on November 12 before he appeared in a regular season game with the Wizards.

The signing of Randle gives the Wizards some guard depth after Kelly Oubre and Austin Rivers were traded to the Suns as part of the Trevor Ariza deal. It also once again allows Washington to meet the minimum roster requirements, since the team had slipped to 13 players on standard contracts upon acquiring Ariza.

Randle has played for the Wizards’ G League affiliate, the Capital City Go-Go since he was waived. He has averaged 23.0 PPG and 4.0 APG with the Go-Go through seven games. 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.

Rockets Waive Zhou Qi

December 17th, 2018 at 4:26pm CST by marksuleymanov

The Rockets have waived Chinese big man Zhou Qi, according to Shams Charania of The Athletic (Twitter link). Houston selected Zhou with the 43rd overall in the 2016 NBA Draft.

Zhou, 22, has appeared in just one game this season as he’s dealt with knee and ankle injuries. His last G League game with the Rio Grande Valley Vipers came on Nov. 20, when he sprained his left ankle. In seven G-League contests, Zhou averaged 11.9 PPG, 9.4 RPG and 52.9 percent from the field.

The 7’1″ forward/center appeared in 18 games with the Rockets last season, averaging just 1.2 PPG in 6.9 minutes per game.

By waving Zhou, the Rockets reduce their roster total to 14 players, plus a pair on two-way contracts. And because Zhou was on a non-guaranteed contract, he’ll only count for about $506K on Houston’s cap for 2018/19.

Suns Trade Ariza To Wizards For Oubre, Rivers

December 17th, 2018 at 10:05am CST by marksuleymanov

DECEMBER 17: The trade is now official, with both the Suns and Wizards issuing press releases to confirm the move.

DECEMBER 15: After a hectic Friday night in which a three-team deal was scrapped, the Suns have agreed to deal Trevor Ariza to the Wizards in exchange for Kelly Oubre and Austin Rivers, John Gambadoro of Arizona Sports 98.7 reports (Twitter link). The trade call with the league is scheduled for later today, per ESPN’s Adrian Wojnarowski (Twitter link).

Last night’s nearly completed deal would have sent Ariza to the Wizards, Rivers to the Suns and allowed the Grizzlies to acquire Oubre for Wayne Selden, two second-round picks, and one other player. The confusion came over the identity of that other player as the Grizzlies believed they were dealing MarShon Brooks while the Suns thought Dillon Brooks was headed their way.

As we relayed in a separate story, despite the nixed deal, Phoenix and Washington remained in touch to see if an Ariza trade could be completed.

This version of an Ariza trade includes three players in the final year of their respective deals. For Ariza, the trade means the end of a brief 26-game stint in Phoenix as he signed a one-year, $15MM deal with the Suns during the 2018 offseason. Ariza averaged 9.9 PPG, 5.6 RPG, and a .379/.360/.837 shooting line for the Suns.

This marks a homecoming of sorts for Ariza as he spent two seasons with the Wizards, including perhaps his best season as a pro in 2013/14, when he averaged 14.4 PPG and 6.2 RPG with a .456/.407/.772 shooting line. Prior to this trade, we had relayed at least eight teams had expressed interest in Ariza, including the Lakers and Rockets — two teams he had previously suited up for.

During his stint in the nation’s capital, Ariza was reportedly a respected presence who, among other things, had a good impact on the team’s All-Star point guard, John Wall. At 11-18, the Wizards are 2.5 games back of the Eastern Conference’s eighth seed and will hope Ariza’s 3-and-D ability can narrow the gap.

For the NBA-worst Suns, they acquired a pair of useful assets that could possibly be used as trade chips later in the season. Rivers, 26, has been a mainstay off the Wizards’ bench, averaging 7.2 PPG and 2.4 RPG for Washington. Rivers’ shooting has taken a hit this season as his field-goal percentage (39.2%) and three-point shooting (31.1%) are his worst in several seasons.

As for Oubre, 23, he averaged a career-high 12.9 PPG in 29 games (seven starts) for the Wizards. By trading Oubre, the Wizards will create a traded player exception worth his salary ($3,208,630). Washington already had four trade exceptions, including one worth $5.45MM, as our list of outstanding TPEs shows.

Oubre is set to hit restricted free agency this upcoming summer, at which point the Suns could tender him a $4.5MM qualifying offer, ESPN’s Bobby Marks notes. Phoenix could flip Oubre before the trade deadline but cannot aggregate him with another player for salary-matching purposes.

Once the deal is completed, the Wizards’ roster will dip below the requirement of 14. Washington will need to sign another player within two weeks to get their roster count back up to the minimum.

Photo courtesy of USA Today Sports Images.

Nuggets Sign Brandon Goodwin To Two-Way Deal

December 16th, 2018 at 4:06pm CST by Arthur Hill

4:00pm: The Nuggets have officially announced the signing of Goodwin to a two-way contract and the subsequent waiving of Akoon-Purcell, according to a press release sent from the team. Akoon-Purcell appeared in seven games with the Nuggets, averaging 1.0 points in 3.1 minutes per game.

11:53am: The Nuggets are expected to complete the signing today after waiving Akoon-Purcell, tweets Chris Dempsey of Altitude Sports. Akoon-Purcell has been kept in the NBA all season because of injuries and has nearly reached his 45-day limit (Twitter link).

8:20am: Brandon Goodwin will return to the Nuggets on a two-way contract, tweets Shams Charania of The Athletic.

Denver already has both two-way slots filled, so either DeVaughn Akoon-Purcell or Thomas Welsh will have to be waived before the signing can be completed. Akoon-Purcell, who has appeared in seven games for the Nuggets, is the more likely candidate to be let go, according to Keith Smith of Yahoo Sports (Twitter link).

Goodwin first came to Denver in late November when the team was granted a hardship exception. He spent about two weeks with the Nuggets before being waived when Nick Young was signed on Monday. Goodwin didn’t see any game action during his first stint in Denver.

The former Florida Gulf Coast guard was in training camp with Memphis after signing an Exhibit 10 contract, but was released before the start of the season. He had been playing in the G League with the Grizzlies’ Memphis Hustle affiliate.

Nets Sign Spencer Dinwiddie To Three-Year Extension

December 14th, 2018 at 5:45pm CST by JD Shaw

DECEMBER 14: The Nets have officially signed Dinwiddie to his new extension, according to a press release from the team.

DECEMBER 13: The Nets have reached a contract extension with Spencer Dinwiddie, the team announced on social media today. The deal is a three-year, $34MM agreement and contains a player option in the third season, according to ESPN’s Adrian Wojnarowski (Twitter link).

Dinwiddie was eligible to receive a four-year extension in the range of $47MM, but opted to sign a shorter deal to reach free agency sooner, Wojnarowski adds.

Dinwiddie can decline his player option to test free agency in 2021. He’ll make approximately $10.6MM next season, $11.4MM in the 2020/2021 season and $12.3MM during the 2021/22 season, according to Wojnarowski.

That $10.6MM starting salary is equivalent to 120% of the NBA’s estimated average salary for this season, and is the maximum amount Dinwiddie could have received on an extension.

“The journey is just beginning. I’m thankful that the Brooklyn Nets believe in me enough to give me a home,” Dinwiddie wrote on social media.

Dinwiddie scored a career-high 39 points off the Nets’ bench in a win over the Sixers Wednesday, adding to his successful week with the team. He’s averaged 16.9 points, 4.9 assists and 2.5 rebounds in 29 games this season.

His new deal with the Nets will cut into their cap space for free agency next summer, greatly reducing their chances at opening two maximum-salary roster spots. Brooklyn originally signed Dinwiddie to a free-agent contract in 2016 after he spent two years in the G League. He was a finalist for the Most Improved Player award last season, and could be in consideration for Sixth Man of the Year this season.

Photo courtesy of USA Today Sports Images.

Knicks Sign Trier To New Deal, Waive Baker

December 13th, 2018 at 1:26pm CST by Luke Adams

1:26pm: The Knicks’ new agreement with Trier is now official as well, the club confirmed in a press release. We went into more detail on Trier’s deal earlier today.

9:52am: The Knicks have officially waived Baker, the team announced in a press release.

8:55am: The Knicks and two-way player Allonzo Trier have reached an agreement on a new two-year contract that will give Trier a spot on the team’s 15-man roster, reports Shams Charania of The Athletic (Twitter link). To create an opening on their roster, New York is expected to waive veteran guard Ron Baker, Charania adds.

A promotion to the 15-man squad had long been expected for Trier, who signed his two-way deal with the Knicks in early July after going undrafted out of Arizona. In 27 games (23.3 MPG), the rookie guard has averaged 11.3 PPG, 3.1 RPG, and 1.9 APG with an impressive .470/.391/.816 shooting line. With his 45-day NBA limit fast approaching, Trier would have been relegated to the G League for the rest of the season if he had remained on his two-way contract.

The Knicks could have unilaterally converted Trier’s two-way deal into a standard NBA contract, but doing so would have made him a restricted free agent in 2019. Instead, New York will use its bi-annual exception to lock up the 22-year-old through the 2019/20 season, according to Charania (Twitter link).

The Knicks can offer a starting salary worth up to $3.382MM using the bi-annual exception, and it sounds like they did just that. Ian Begley of ESPN.com reports (via Twitter) that Trier will receive $7MM on his two-year contract, with a team option on the second season. Technically, a two-year BAE deal this year can have a maximum value of $6.93MM, so it appears that’ll be the exact amount of Trier’s new pact.

New York now won’t have its bi-annual exception available during the 2019 offseason, since it can only be used once in a two-year stretch. That shouldn’t be a big deal though, since the Knicks would lose it next summer anyway if they use cap room. That appears to be the plan, with Trier’s new salary for ’19/20 potentially cutting into that room a little.

Meanwhile, it looks like this will be the end of Baker’s time in New York. The former Wichita State standout joined the club back in 2016 and impressed the old regime enough in his rookie season to earn a two-year contract worth $8.87MM in 2017. That deal came as a shock at the time and doesn’t look any better in hindsight, as Baker has appeared in just 40 games for the Knicks since re-signing, averaging 2.1 PPG and 1.5 APG on .320/.286/.781 shooting in 12.3 minutes per contest.

Baker’s $4.54MM salary for 2018/19 is fully guaranteed, so it will remain on the Knicks’ cap. The team won’t have to carry any dead money in future seasons for the third-year guard.

New York will also create an open two-way contract slot as a result of Trier making the jump to the 15-man roster. Two-way players can be signed up until January 15, so there’s no rush to fill that opening immediately.

Photo courtesy of USA Today Sports Images.

Suns Sign Eric Moreland

December 10th, 2018 at 8:15pm CST by Luke Adams

8:15pm: The Suns have officially announced their new deal with Moreland.

12:26pm: The Suns are in the process of finalizing a contract agreement with free agent big man Eric Moreland, reports Michael Scotto of The Athletic (Twitter link).

The Suns have been carrying just 13 players on their NBA roster after buying out Tyson Chandler and waiving Isaiah Canaan earlier this season. As I noted last week, the team has until this Wednesday (December 12) to get back to 14 players, the league-mandated minimum.

Assuming Moreland and the Suns finalize their agreement, he’ll be the second player to join the club in recent days — Phoenix signed Jawun Evans to a two-way contract on Friday.

Moreland, who will turn 27 later this month, was leaned on as a rotation piece in Detroit last season after only playing sparingly for the Kings in two seasons earlier in his NBA career. In 2017/18, the forward/center averaged 2.1 PPG, 4.1 RPG, and 1.2 APG in 67 contests (12.0 MPG) for the Pistons, emerging as a solid frontcourt option after Jon Leuer went down with an injury.

Waived by the Pistons in July before his salary for 2018/19 could become fully guaranteed, Moreland caught on with the Raptors for training camp, but didn’t earn a spot on Toronto’s regular season roster. He participated in the latest round of World Cup qualifiers, helping Team USA clinch a berth in next year’s event, but has otherwise been a free agent this fall.