Transactions Rumors | Hoops Rumors

Bulls Claim Tyler Ulis, Give Him Two-Way Deal

October 15th, 2018 at 4:21pm CST by Eric Spyropoulos

OCTOBER 15: The Bulls have officially confirmed that they’ve converted Ulis’ contract into a two-way deal, announcing the move in a press release.

OCTOBER 14: The Bulls have claimed point guard Tyler Ulis off of waivers, according to Jeremy Woo of Sports Illustrated (via Twitter). Ulis was previously with the Warriors throughout training camp but was released this past week.

After getting a larger role than expected during his rookie season with the Suns, Ulis struggled throughout the 2017/18 season, leading to his release from the team. In his first two seasons in the league, Ulis averaged 7.6 points and 4.1 assists per game, but only shot 40.3% from the field and 28% on 3-pointers.

The Bulls already have 15 players on standard NBA contracts, but are only carrying one player (Rawle Alkins) on a two-way deal. Because Ulis was on an Exhibit 10 contract with Golden State, his deal can be converted into a two-way pact, allowing Chicago to avoid making any cuts to accommodate the newly-added point guard. The Bulls will do just that, per Shams Charania of The Athletic (Twitter link).

Ulis will add some depth to a point guard depth chart that features Kris Dunn, Cameron Payne, and Ryan Arcidiacono as the Bulls look to add more young talent throughout their rebuild.

Spurs Waive Manu Ginobili

October 15th, 2018 at 4:19pm CST by Luke Adams

As expected, the Spurs have waived retired guard Manu Ginobili, tweets Shams Charania of The Athletic. The move is a formality in order to reach the regular season roster limit.

Although Ginobili announced his retirement in August, he had one final year on his contract with San Antonio and technically remained a member of the team until today. Like they did with Tim Duncan when he retired, the Spurs released Ginobili and will pay him for one final season following his decision to call it a career. The longtime Spur will count for $2.5MM against the team’s cap in 2018/19.

San Antonio now has 15 players on standard contracts and one more on a two-way deal, so the team is all set to start the season. It will be interesting to see if the Spurs use that second two-way contract slot in order to add some point guard depth in the coming days.

You can check out our full story on Ginobili’s retirement from August right here.

Clippers Trade Wesley Johnson To Pelicans, Cut Two Players

October 15th, 2018 at 4:11pm CST by Luke Adams

4:11pm: The Clippers have officially announced their trade with the Pelicans and confirmed that they’ve waived both Ajinca and Evans. L.A. is now in compliance with the regular season roster limit.

2:19pm: The Clippers and Pelicans have reached a trade agreement that will send Alexis Ajinca to Los Angeles and Wesley Johnson to New Orleans, according to Shams Charania of The Athletic (Twitter link). Marc Stein of The New York Times first reported (via Twitter) that the two teams were in advanced discussions on a swap involving Ajinca and Johnson.

From the Clippers’ perspective, the trade will simply be about saving a little money before they make their final roster cuts. Ajinca ($5.29MM) earns a more modest 2018/19 salary than Johnson ($6.13MM) and both players are on expiring deals.

According to ESPN’s Adrian Wojnarowski (via Twitter), the Clippers will waive Ajinca after acquiring him. 2017 second-round pick Jawun Evans will be Los Angeles’ other cut, Wojnarowski adds. That means that non-guaranteed players Patrick Beverley and Tyrone Wallace will both open the regular season on the Clips’ roster.

There are some teams that like Evans, according to Keith Smith of RealGM.com (Twitter link), but those clubs opted not to trade for the second-year guard, who could draw interest on waivers or as a free agent if he goes unclaimed.

As for the Pelicans, they weren’t expecting to get much out of Ajinca, who missed the entire 2017/18 season with knee issues and still hadn’t been cleared for contact at the start of training camp. By swapping him for Johnson, New Orleans will add some veteran depth at a position of need, without sacrificing future cap flexibility.

Johnson, 31, was the fourth overall pick in the 2010 draft, but has never been more than a role player at the NBA level. Last season, the 6’7″ wing averaged 5.4 PPG and 2.9 RPG with a .408/.339/.741 shooting line and solid defense in 74 games (40 starts) for the Clippers.

Photo courtesy of USA Today Sports Images.

Bucks Waive Tim Frazier

October 15th, 2018 at 3:22pm CST by Luke Adams

The Bucks have reached the regular season roster limit by waiving point guard Tim Frazier, the team announced today (via Twitter). The move reduces Milwaukee’s roster to 17 players, including 15 on standard contracts.

Frazier, who will turn 28 in November, has appeared in 186 NBA games over the last four seasons, spending time with the Sixers, Trail Blazers, Pelicans, and Wizards. In 2017/18, he was a backup in Washington, posting 3.0 PPG and 3.3 APG in 59 games (14.2 MPG).

After waiving Tyler Zeller and Shabazz Muhammad, the Bucks’ final roster decision appeared to come down to Christian Wood, D.J. Wilson, and Frazier — the team only had room for two of the three, and Frazier’s non-guaranteed contract certainly contributed to the decision. Because Milwaukee waited until Monday to cut him, Frazier won’t clear waivers until Wednesday, and the team will assume a small cap hit for two days’ worth of his minimum salary.

Although the Bucks could enter the season with their current roster after releasing Frazier, it’s possible that another move is coming before opening night. Chris Haynes of Yahoo Sports reports (via Twitter) that the Bucks and Wizards are in advanced talks on a trade in which Milwaukee would get a player and a draft pick. The Bucks would also get cash in the deal, tweets Jordan Schultz of ESPN.

Matt Velazquez of The Milwaukee Journal Sentinel (via Twitter) suggests that the Bucks would immediately waive that player acquired from Washington and wouldn’t send a player of their own back, so both transactions would have to be completed very soon to beat the roster cutdown deadline.

Suns Plan To Trade Or Waive Davon Reed

October 15th, 2018 at 2:45pm CST by Luke Adams

The Suns, who need to remove three players from their roster in order to officially sign Jamal Crawford and reach the regular season roster limit, continue to work on trade scenarios, reports ESPN’s Adrian Wojnarowski. One player involved in those trade talks is second-year guard Davon Reed, who is expected to be traded or released today by Phoenix, according to Wojnarowski (Twitter link).

[RELATED: Suns, Jamal Crawford agree to deal]

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. While there was some uncertainty about his place on the Suns’ roster heading into the summer due to the partial guarantee on his 2018/19 salary, he 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 it appears he won’t make the regular season squad.

Besides Reed, Darrell Arthur also appears likely to be waived by the Suns today, per John Gambadoro of Arizona Sports 98.7 (Twitter link). The team will have to trade or waive one more player in addition to Reed and Arthur, with non-guaranteed players like Richaun Holmes, Shaquille Harrison, and Isaiah Canaan among the candidates due to their contract status. Gambadoro adds that Dragan Bender‘s place on the roster isn’t necessarily totally secure either.

Pistons Waive Hearn; Lofton Gets Two-Way Deal

October 15th, 2018 at 2:30pm CST by Luke Adams

2:30pm: The Pistons have officially announced both moves in a press release.

1:25pm: The Pistons will reach the regular season roster limit by converting Zach Lofton‘s Exhibit 10 contract into a two-way deal and waiving two-way player Reggie Hearn, sources inform James Edwards III of The Athletic (Twitter links). The moves will leave Detroit with 15 players on standard contracts and two on two-way pacts.

Lofton, who turns 26 in November, played college ball for four different schools, eventually finishing his college career at New Mexico State in 2017/18. The 6’4″ shooting guard averaged 20.1 PPG and 5.0 RPG with a .456/.380/.772 shooting line in his senior year, but went undrafted in June. After signing a camp deal with the Pistons, Lofton reportedly impressed the team this fall — we heard last week that he was making a strong case for a two-way contract.

As for Hearn, he was one of the Detroit’s two-way players last season, having inked a two-year deal with the club. Although he was solid in the G League, averaging 14.8 PPG and 4.8 RPG on .423/.370/.842 shooting, he appeared in just three games for the Pistons.

Given the positional overlap between Hearn and Lofton, it makes sense that Hearn would be the odd man out if the Pistons were determined to keep Lofton.

Hawks Pick Up 2019/20 Options For Three Players

October 15th, 2018 at 1:46pm CST by Luke Adams

The Hawks, as expected, have picked up their 2019/20 team options for three players on rookie scale contracts, per Chris Vivlamore of The Atlanta Journal-Constitution (Twitter link). Taurean Prince and DeAndre’ Bembry have had their fourth-year options exercised, while John Collins‘ third-year option has also been picked up.

Prince and Collins are two key pieces of Atlanta’s young core. Prince, who averaged 14.1 PPG and made 38.5% of his three-pointers last season, will now have his $3,481,986 cap hit guaranteed for 2019/20 and will be eligible for a rookie scale extension as of next July. Collins, who emerged as Atlanta’s starting center down the stretch in his rookie season, recorded 10.5 PPG and 7.3 RPG in 74 games (24.1 MPG). His ’19/20 cap charge of $2,686,560 is now locked in.

As for Bembry, he has struggled to make the same impact as some of his fellow first-rounders so far, having averaged just 5.2 PPG in 26 games last season, but the cost of his fourth-year option ($2,603,982) is barely more than the minimum salary, making it an easy decision for the rebuilding Hawks.

The full list of rookie scale option decisions for 2019/20 can be found right here.

Wizards Sign, Waive Oleksandr Kobets

October 15th, 2018 at 12:58pm CST by Eric Spyropoulos

OCTOBER 15: Shortly after signing Kobets on Saturday, the Wizards waived him, per the NBA’s official transactions log. According to JD Shaw of Hoops Rumors (via Twitter), Kobets will play for Washington’s G League team.

Because the Wizards cut Kobets on Saturday, he won’t count against their cap for the 2018/19 season.

OCTOBER 14: After the Wizards cut down their roster over the weekend, the club has signed Oleksandr Kobets, a guard from Ukraine, according to a tweet from agent Michael Lelchitski (hat tip to Sportando). Kobets is expected to play with the Wizards’ G League affiliate, the Capital City Go-Go, per Oleksandr Proshuta (Twitter link).

Kobets played for the Cherkasy Monkeys last season as they became the Ukranian League champions. The 22-year-old guard averaged 14.3 points, 3.1 rebounds and 1.8 assists.

The Wizards are taking a look at a young guard with potential after releasing several veterans over the weekend, including Lavoy Allen. Chasson Randle, Chris Chiozza and Tiwian Kendley were the other players waived. Kobets figures to be cut by Monday as well, if he hasn’t been already.

Suns, Jamal Crawford Agree To Deal

October 15th, 2018 at 12:42pm CST by Luke Adams

The Suns have reached an agreement on a one-year deal with free agent guard Jamal Crawford, according to Shams Charania of The Athletic (Twitter links). A report over the weekend indicated that Phoenix had offered Crawford a minimum salary contract after meeting with him on Friday.

Crawford, a three-time Sixth Man of the Year winner, spent last season with the Timberwolves, averaging 10.3 PPG on .415/.331/.903 shooting. Although he could have exercised a $4.5MM player option 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.

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. His new agreement with Phoenix comes a day before the regular season gets underway and will represent a pay cut — the minimum salary for a player with Crawford’s years of experience is just shy of $2.4MM.

It’s an interesting move for the Suns, who had already been facing a roster crunch, with 17 players for 15 spots. Signing Crawford means that the club will now have to trade or release three players instead of two by today’s deadline. Richaun Holmes, Isaiah Canaan, and Shaquille Harrison are on non-guaranteed contracts, while Darrell Arthur is the most likely release candidate among the players with guaranteed salaries.

A combo guard, Crawford figures to get an opportunity to play a ball-handling role for a Suns team short on experience at the one. Besides Canaan and Harrison, the other two point guards on the roster are a pair of second-round rookies, Elie Okobo and De’Anthony Melton.

The 38-year-old Crawford figures to serve as a mentor for those players and as a veteran leader for a team that has aspirations of competing for a playoff spot after signing Trevor Ariza and drafting Deandre Ayton over the summer.

Photo courtesy of USA Today Sports Images.

Mavs Exercise Dennis Smith’s 2019/20 Option

October 15th, 2018 at 12:17pm CST by Luke Adams

Another team has exercised its 2019/20 option on a player with a rookie scale contract, with Dwain Price of Mavs.com reporting (via Twitter) that Dennis Smith Jr.‘s third-year option has been picked up by the Mavericks. The move locks in Smith’s $4,463,640 cap charge for the ’19/20 season.

Smith, who will turn 21 next month, had a solid rookie season in 2017/18 after Dallas made him the ninth overall pick in last year’s draft. He put up 15.2 PPG, 5.2 APG, and 3.8 RPG in 69 games (all starts). His role figures to be adjusted slightly this season due to the arrival of 2018’s third overall pick, Luka Doncic, another talented young ball-handler and play-maker.

Smith still has a fourth-year team option for 2020/21 and – assuming that option is exercised – will become extension-eligible during the summer of 2020.

The Knicks (Frank Ntilikina) and Nets (Caris LeVert and Jarrett Allen) have also picked up rookie scale team options today. The deadline isn’t until October 31, but several clubs appear to be getting those decisions out of the way before the regular season gets underway.