Transactions Rumors | Hoops Rumors

Pacers Sign Davon Reed To Two-Way Deal, Cut C.J. Wilcox

October 19th, 2018 at 12:57pm CST by Luke Adams

OCTOBER 19: The Pacers have officially signed Reed and waived Wilcox, the club announced today in a press release.

OCTOBER 18: Former Suns guard Davon Reed intends to sign a two-way contract with the Pacers once he clears waivers, according to ESPN’s Adrian Wojnarowski (via Twitter). Reed, who was officially cut by Phoenix on Tuesday, will have a clear path to sign with Indiana as a free agent if he goes unclaimed today.

Reed, 23, was the 32nd overall pick in the 2017 draft, but missed a significant chunk of his rookie season due to a knee injury. In total, he appeared in just 21 games in 2017/18, averaging 3.0 PPG and 1.9 RPG on .289/.289/.667 shooting.

While there was some uncertainty about his place on the Suns’ roster heading into the summer due to his lost rookie season and the partial guarantee on his 2018/19 salary, Reed played well in five Summer League games in Las Vegas, posting 13.4 PPG, 4.4 RPG, 3.0 APG, and a .489 FG% in Vegas. That Summer League showing helped earn Reed the rest of his ’18/19 guarantee and secure his roster spot temporarily, but he was Phoenix’s final cut this week when the club signed Jamal Crawford.

Although Reed was on a minimum salary, he had a four-year contract and wasn’t signed using the minimum salary exception, meaning a team would need cap room or a trade exception in order to claim him off waivers. As such, a claim is not expected.

Assuming he finalizes his deal with the Pacers, who were intrigued by the Miami guard leading up to the 2017 draft, as Scott Agness of The Athletic tweets, Reed will join Edmond Sumner as the two-way players on Indiana’s roster. C.J. Wilcox had also signed a two-way contract with the Pacers during the summer, but he’ll miss the entire 2018/19 campaign after suffering a torn Achilles during an offseason workout.

Pelicans Claim Tim Frazier, Waive Troy Williams

October 17th, 2018 at 4:29pm CST by Arthur Hill

Point guard Tim Frazier, who was released Monday by the Bucks, has been claimed off waivers by the Pelicans, tweets Shams Charania of The Athletic. New Orleans opened a roster spot by waiving forward Troy Williams (Twitter link).

Frazier was the final roster cut in Milwaukee after signing with the team shortly before training camp opened in September. This will be the second stint with the Pelicans for the 27-year-old, who played a combined 81 games for New Orleans during the 2015/16 and 2016/17 seasons.

Frazier has 186 games of NBA experience, playing for the Sixers, Trail Blazers and Wizards as well. He spent last season in Washington, where he got into 59 games and averaged 3.0 PPG.

The Pelicans were Williams’ fourth team since entering the league in 2016. He signed a two-year deal in July, but only had a small guarantee for this season, while next season was non-guaranteed. Williams will become a free agent again if he clears waivers on Friday.

By claiming Frazier, the Pelicans take on the $1.5MM non-guaranteed contract he had in Milwaukee, notes ESPN’s Bobby Marks (Twitter link). Williams will receive $34,183 for four days of service and will be credited with a year of service time even if he doesn’t play in the league this season, adds salary cap expert Jeff Siegel (Twitter link).

Suns Exercise 2019/20 Option On Josh Jackson

October 17th, 2018 at 2:55pm CST by Luke Adams

The Suns have exercised their 2019/20 option on Josh Jackson‘s rookie scale contract, according to RealGM’s official transactions log. Picking up that third-year option, a procedural move, locks in Jackson’s $7,059,480 for the ’19/20 season.

The fourth overall pick in the 2017 draft, Jackson showed promise in his rookie year, averaging 13.1 PPG, 4.6 RPG, and 1.5 SPG in 77 games (25.4 MPG). The Suns figure to lean a little more heavily on the 21-year-old in his second season, as he takes on a more prominent role among a solid group of forwards that also features Trevor Ariza, T.J. Warren, and rookie Mikal Bridges.

Interestingly, RealGM’s log of official NBA transactions doesn’t list a Suns decision on Dragan Bender‘s fourth-year option for 2019/20. Phoenix has until October 31 to make a decision on Bender’s option, worth $5,896,519, and the club still hasn’t announced Jackson’s option pickup. The Suns could exercise Bender’s option later and announce both moves at once.

Still, it’s worth noting that Bender was viewed by at least one Suns reporter as a candidate to be waived this week when the team needed to cut down its roster to the regular season limit. His 2019/20 option isn’t a lock to be exercised.

Suns Officially Sign Jamal Crawford

October 17th, 2018 at 2:23pm CST by Luke Adams

The Suns have officially filled the 15th spot on their regular season roster by signing Jamal Crawford, according to NBA.com’s transactions log. The team created a roster opening on Tuesday by waiving Davon Reed.

Crawford, a three-time Sixth Man of the Year winner, reached an agreement with the Suns on Monday and has now signed a one-year, minimum salary contract with the club.

Per the NBA’s log of transactions, Crawford’s signing was completed on Tuesday, the first day of the regular season. As such, he should receive a full-season minimum salary rather than a prorated portion of the minimum. He’ll earn $2,393,887 and will count for $1,512,601 against Phoenix’s cap.

Although several teams – including the Warriors, Celtics, Sixers, and Lakers – reportedly showed interest in Crawford over the course of the offseason, he had trouble finding a new NBA home after averaging 10.3 PPG on .415/.331/.903 shooting for the Timberwolves in 2017/18. The 38-year-old could have exercised a $4.5MM player option in June to stay in Minnesota, Crawford didn’t love the role he played with the Wolves and sought a better fit, turning down that option and hitting the open market.

Crawford’s new team, the Suns, likely envisions the veteran in a ball-handling role. Besides Isaiah Canaan, Phoenix doesn’t have another experienced point guard on the roster — rookies De’Anthony Melton and Elie Okobo will provide depth at that spot after the team waived Shaquille Harrison this week.

Besides Reed and Harrison, the Suns also cut Darrell Arthur, clearing the way for Crawford, Richaun Holmes, and Canaan to make the team. Holmes and Canaan both have non-guaranteed deals.

Crawford isn’t expected to be active for the Suns’ home opener against Dallas tonight, head coach Igor Kokoskov said today (Twitter link via Gina Mizell of The Athletic).

Suns Waive Davon Reed

October 16th, 2018 at 4:38pm CST by ChrisCrouse

The Suns have waived Davon Reed, according to Shams Charania of The Athletic (Twitter link). The team was expected to either trade or waive Reed, as was reported on Monday.

Phoenix will incur a cap hit of $1.4MM this season unless another team claims the former second-rounder, as Bobby Marks of ESPN.com relays (ESPN now link). Reed was set to receive approximately $1.61MM during the 2019/20 season and $1.75MM during the following season. Each of those seasons has a July 10 non-guaranteed trigger date.

The move clears a roster spot for Jamal Crawford, who agreed to a deal with Phoenix earlier this week. The team is short on experienced options at the point guard position, so Crawford could see playing time right away.

Lakers Exercise 2019/20 Options On Ball, Kuzma, Hart, Ingram

October 16th, 2018 at 12:34pm CST by Luke Adams

The Lakers have made a series of procedural moves, announcing today in a press release that they’ve exercised their 2019/20 team options on Lonzo Ball, Kyle Kuzma, Josh Hart, and Brandon Ingram.

All four moves were expected, given the modest costs of those options. For Ball, Kuzma, and Hart, their third-year options will count against L.A.’s cap in ’19/20 for approximately $8.72MM, $1.97MM, and $1.93MM respectively. Each 2017 first-rounder also has a fourth-year team option for 2020/21, which the Lakers will have to exercise or decline by October 31, 2019.

As for Ingram, his fourth-year option will lock in a $7.27MM cap charge on the Lakers’ 2019/20 books. With that option officially picked up, he’s now on track to become extension-eligible next July 1. If he and the Lakers don’t reach an extension agreement by mid-October in 2019, he’d be in line to reach restricted free agency during the summer of 2020.

Our breakdown of all of this year’s rookie scale option decisions for 2019/20 can be found right here.

Cavs Sign Larry Nance Jr. To Four-Year Extension

October 15th, 2018 at 9:08pm CST by Luke Adams

9:08pm: The signing is official, according to the NBA.com transactions log. The contract is four years and $44.8MM, Joe Vardon of The Athletic tweets. Vardon adds (via Twitter) that the deal will have declining annual salaries, so year one will be worth $12.7MM while the fourth-year salary will be just $9.6MM.

3:55pm: The Cavaliers and Larry Nance Jr. have agreed to a rookie scale contract extension, beating today’s 5:00pm CT deadline, reports Chris Haynes of Yahoo Sports (Twitter link). League sources tell Haynes that Nance’s new deal with Cleveland is worth $45MM over four years.

Nance, 25, was acquired by the Cavs at last season’s trade deadline as part of a deal with the Lakers that also sent Jordan Clarkson to Cleveland. The athletic young big man struggled a little to adjust to his new team, playing just 15.4 minutes per game in the postseason, but he provided the Cavs with the sort of energy and athleticism that their frontcourt had been lacking.

For the season, Nance established new career highs with 8.7 PPG, 6.8 RPG, and a .581 FG%, showing an ability to run the floor, finish at the rim, and guard multiple positions on defense. He appeared to have a noticeable impact on defense — the Cavs had a 102.7 defensive rating during his minutes, compared to a 110.9 mark for the rest of the season.

We heard all the way back in June that there was “mutual interest” between the Cavaliers and Nance in a long-term extension, so he always seemed like one of the likeliest candidates among the players eligible for rookie scale extensions to get a deal done. His connection to Cleveland – where his father played and earned multiple All-Star nods – was likely a factor in those extension talks too.

While an average annual value of $11MM+ may seem steep for Nance, it’s not far off from the rookie scale extensions we’ve seen comparable players sign in recent years. When I previewed Nance’s case for an extension in August, I estimated an annual salary in the $12-12.5MM range on a four-year deal.

Photo courtesy of USA Today Sports Images.

Pacers Sign Myles Turner To Four-Year Extension

October 15th, 2018 at 5:20pm CST by Luke Adams

5:20pm: The Pacers have officially finalized Turner’s new deal, issuing a press release to announce the extension. The contract will have flat cap hits of $18MM across four years, starting in 2019/20, according to ESPN’s Bobby Marks, who notes that the $8MM in incentives are classified as unlikely (Twitter link). The deal features no team or player options, adds Michael Scotto of The Athletic (via Twitter).

4:24pm: Turner and the Pacers are now in agreement on a four-year, $72MM extension that can be worth up to $80MM via incentives, reports Wojnarowski (via Twitter).

3:05pm: Turner and the Pacers are still going back and forth on the exact details of a four-year deal in the $70MM+ range, according to ESPN’s Adrian Wojnarowski (Twitter link). Wojnarowski notes that the extension is expected to be completed before today’s 5:00pm CT deadline.

2:47pm: The Pacers have reached an agreement on a rookie scale contract extension for Myles Turner in advance of today’s deadline, reports Shams Charania of The Athletic (Twitter link). According to Charania, Turner will sign a new four-year deal worth $80MM. The extension will begin in 2019/20, keeping the young center off next summer’s restricted free agent market.

The 11th overall pick in 2015, Turner appeared to be on the verge of a breakout heading into the 2017/18 campaign after posting 14.5 PPG, 7.3 RPG, and 2.1 BPG in his second NBA season. However, nagging injuries and the arrival of fellow center Domantas Sabonis helped limit Turner’s impact — he averaged just 12.7 PPG, 6.4 RPG, and 1.8 BPG in 65 games.

By all accounts, Turner had a productive offseason and looks to be healthy and in great shape entering the 2018/19 campaign. The Pacers are clearly confident in the strides that their longest-tenured player has made, based on the reported terms of his new deal.

While we’ll wait on the specifics to see if there are any incentives or options that impact the overall value of Turner’s extension, an average annual value of $20MM per year would top Clint Capela‘s new contract with the Rockets, which maxes out at $90MM over five years with incentives. Turner’s new deal will fall short of the rookie scale extensions signed in recent years by centers like Rudy Gobert and Steven Adams, who got about $24-25MM annually.

Turner’s new extension will cut into Indiana’s cap room for 2019, but the club had less than $40MM in guaranteed salaries on its books for 2019/20 prior to today’s agreement. The Pacers should still have significant space available next July, as contracts expire for veterans like Thaddeus Young, Bojan Bogdanovic, Darren Collison, Tyreke Evans, and Cory Joseph.

Turner is the fourth player to agree to a rookie scale extension this offseason, joining Devin Booker (Suns), Karl-Anthony Towns (Timberwolves), and Justise Winslow (Heat).

Photo courtesy of USA Today Sports Images.

Extension Roundup: Rozier, Portis, Jones, Russell

October 15th, 2018 at 5:15pm CST by Dana Gauruder

Celtics point guard Terry Rozier turned down a rookie scale extension offer prior to Monday’s deadline and will become a restricted free agent next summer, A. Sherrod Blakely of NBC Sports Boston reports. Boston offered Rozier approximately $12MM annually, according to Blakely, but chose to take his chances in free agency. Talks were cordial and the two parties will revisit each other when Rozier hits the market, Adrian Wojnarowski of ESPN tweets.

“I’m in a great situation,” Rozier told Blakely. “My team (representatives) felt it wasn’t good for me to sign an extension right now. It opens my options a little bit, but I’m focused on what’s happening right now.”

Rozier is expected to have multiple suitors even as a restricted free agent, since Kyrie Irving recently announced that he plans to re-sign with the Celtics next summer, Blakely notes. Rozier broke out last season, particularly after Irving went down with a knee injury. He was especially potent in the playoffs, averaging 16.5 PPG, 5.3 RPG and 5.7 APG.

We have more extension decisions:

The Timberwolves and point guard Tyus Jones did not reach a rookie scale extension agreement. Jones will be a restricted free agent, and that’s been the expectation all along, Jon Krawczynski of The Athletic tweets. Minnesota would have to make a $3,573,205 qualifying offer before free agency next summer, otherwise Jones would be unrestricted. Jones saw action in all 82 regular-season games last season, including 11 starts, and averaged 5.1 PPG and 2.8 APG in 17.9 MPG.
The Bulls and forward Bobby Portis couldn’t come to an extension agreement before Monday’s deadline, Wojnarowski tweets. Agent Mark Bartelstein and Chicago GM Gar Forman had lengthy negotiations as the deadline approached, K.C. Johnson of the Chicago Tribune tweets, but couldn’t close the financial gap. “We had very positive talks,” Bartelstein told Johnson. “These are hard extensions to get done.” (Twitter link). Portis will be a restricted free agent if Chicago gives him a $3,611,813 qualifying offer. He averaged 13.2 PPG and 6.8 RPG in 73 regular season games after returning from his eight-game team suspension following his well-publicized dust-up with former teammate Nikola Mirotic.
Nets guard D’Angelo Russell and forward Rondae Hollis-Jefferson did not receive extensions, Michael Scotto of The Athetic tweets. Neither player was aware of Monday’s deadline, according to Scotto, suggesting that the Nets never made a serious pitch to lock them up before free agency. The Nets would have extend a $9,160,706 qualifying offer to Russell to make him a restricted free agent. Hollis-Jefferson’s qualifying offer would be $3,594,369.

Bucks Acquire Jodie Meeks From Wizards

October 15th, 2018 at 4:45pm CST by Luke Adams

4:45pm: The trade is official, according to an announcement from the Bucks (Twitter link). Milwaukee’s announcement notes that Meeks has been placed on the suspended list, allowing him to avoid counting against the Bucks’ roster limit, so it appears he won’t be waived immediately.

3:34pm: The Bucks and Wizards have agreed to a trade that will send Jodie Meeks to Milwaukee along with cash, reports ESPN’s Adrian Wojnarowski (via Twitter). The Bucks will subsequently waive Meeks, Wojnarowski adds.

Previous reports indicated that the Bucks would also receive a future second-round pick as part of the swap, which Woj confirms (via Twitter). According to Jordan Schultz of ESPN (Twitter link), Milwaukee is expected to send out a heavily-protected second-rounder to complete the deal.

The cash the Bucks receive in the deal will likely be enough to cover most or all of Meeks’ salary for 2018/19, so Milwaukee will get a chance to add a second-round pick for essentially nothing. The Wizards already owe their top-55 protected 2020 second-round pick to the Bucks, so the simplest move would be to just remove the protection from that traded pick.

For the Wizards, the motivation is to reduce their projected luxury tax bill — Meeks’ $3,454,500 cap charge would have been partially reduced as a result of his suspension, which still has 19 games left on it, but that contract would still have cost the Wizards exponentially more in tax penalties. By replacing Meeks with a minimum salary player, Washington will save some money, despite sending cash to the Bucks in the trade.

The Bucks will use a $3,384,176 traded player exception created in last November’s Greg Monroe/Eric Bledsoe trade in order to absorb Meeks’ salary. While that trade exception technically isn’t worth as much as Meeks’ cap hit, the NBA’s Collective Bargaining Agreement allows teams to trade for a salary worth the value of the TPE plus $100K. That gives Milwaukee just enough wiggle room on Meeks.

A part-time player in D.C. last season, Meeks averaged just 6.3 PPG on .399/.343/.863 shooting in 77 games before being banned 25 games for violating the league’s anti-drug program. Even after serving the final 19 games of that suspension, he wasn’t expected to be a major part of the Wizards’ rotation in 2018/19. He’ll be on the lookout for a new team once he clears waivers.

Photo courtesy of USA Today Sports Images.