Transactions Rumors | Hoops Rumors

Spurs Sign Chimezie Metu To Three-Year Deal

September 4th, 2018 at 5:32pm CST by Luke Adams

SEPTEMBER 4: The signing is official, according to a team press release.

AUGUST 30: The Spurs have reached a contract agreement with 2018 second-round pick Chimezie Metu, according to Shams Charania of The Athletic, who reports (via Twitter) that Metu is signing a three-year deal with San Antonio.

Metu, a 6’11” forward/center, declared for the draft as an early entrant this past spring after a productive season at USC. In his junior year, Metu averaged 15.7 PPG, 7.4 RPG, and 1.7 BPG with a .523 FG% in 34 games.

The Spurs used the 49th overall pick in the 2018 draft to nab Metu, and while it took a couple months for the two sides to finalize a contract agreement, Charania notes that the team is “high” on the young big man.

San Antonio will use a portion of its mid-level exception to complete its deal with Metu. The Spurs initially used about $6.15MM of their $8.64MM MLE to sign Marco Belinelli, and could’ve fit Dante Cunningham‘s one-year, $2.49MM contract neatly into the remaining portion of that exception.

However, signing Cunningham using the mid-level exception would’ve prevented San Antonio from offering Metu more than two years, since the team only would have had the bi-annual exception and minimum salary exception still available in that scenario. Instead, the Spurs completed their deal with Cunningham using the bi-annual exception, leaving their MLE open for Metu.

The Spurs currently have 13 players on fully guaranteed salaries, not counting Manu Ginobili, who figures to be waived at some point after having announced his retirement. Metu’s deal will almost certainly have at least a guaranteed first year, increasing San Antonio’s fully guaranteed contract count to 14. Quincy Pondexter, who reportedly received a partial guarantee on his new contract, is also in the mix for a spot on the regular season roster.

Pelicans Sign Darius Morris

September 4th, 2018 at 4:25pm CST by Luke Adams

4:25pm: The signing is official, according to a team press release.

9:51am: The Pelicans are continuing their efforts to add depth at the point guard position, according to Shams Charania of The Athletic, who reports (via Twitter) that veteran free agent Darius Morris is signing with New Orleans. Morris will receive a partially guaranteed two-year deal, per Charania. It’ll be worth the minimum.

News of the Pelicans’ agreement with Morris comes a day after word broke that the club is signing two-way restricted free agent Tyrone Wallace to an offer sheet. New Orleans has two openings on its 20-man offseason roster, so the team could add both Wallace and Morris and let them battle it out for a regular season roster spot. Morris could also be an insurance policy in case the Clippers match the Pelicans’ offer sheet for Wallace.

Morris, a second-round pick in the 2011 NBA draft, spent four seasons playing for the Lakers, Sixers, Clippers, Grizzlies, and Nets after entering the league. In 132 total regular season contests (11.1 MPG), the 27-year-old averaged 3.3 PPG and 1.4 APG, last appearing in an NBA game in 2015. Since then, Morris has played in the G League for the Rio Grande Valley Vipers and in China for the Guangdong Southern Tigers.

Like Wallace, Morris was one of a handful of free agent point guards who worked out for the Pelicans in August. The club also took a look at Ty Lawson and Erick Green.

If the Clippers don’t match Wallace’s offer sheet with New Orleans, he would become the seventh player on the Pelicans’ roster with a non-guaranteed or partially guaranteed salary. Emeka Okafor, Jahlil Okafor, Troy Williams, Kenrich Williams, Garlon Green, and Morris would also be in the mix on non-guaranteed on partially guaranteed deals.

Grizzlies Sign Brandon Goodwin To Camp Deal

September 4th, 2018 at 2:35pm CST by Luke Adams

The Grizzlies have signed undrafted rookie Brandon Goodwin to a contract, reports Jon Roser of the Memphis Grizzlies Radio Network (Twitter link). According to Roser, it’s an Exhibit 10 deal for Goodwin, which means he’ll likely end up with the Memphis Hustle, the Grizzlies’ G League affiliate.

Goodwin, who began his college career at UCF before transferring to Florida Gulf Coast, was named the Atlantic Sun Conference’s Player of the Year in 2017/18. For the season, the 6’2″ point guard averaged 18.6 PPG, 5.5 RPG, and 4.8 APG to go along with a .470/.275/.750 shooting line.

Goodwin wasn’t viewed as a top-100 prospect heading into the draft by experts like ESPN’s Jonathan Givony, so it didn’t come as a surprise that he went undrafted. Still, Memphis has had its eye on him for a while — the Grizzlies brought Goodwin in for a workout in early June, then added him to their Summer League roster. The 22-year-old averaged 12.0 PPG, 2.6 RPG, and 2.6 APG in seven games with the club in Las Vegas.

It has been a busy week for the Grizzlies in terms of roster moves. In addition to signing Goodwin, the team has also made three other moves since last Tuesday, adding Doral Moore to its camp roster and waiving Dakari Johnson and Kobi Simmons. Memphis has 19 players under contract after signing Goodwin.

Pelicans, Tyrone Wallace Agree To Offer Sheet

September 4th, 2018 at 12:42pm CST by Luke Adams

SEPTEMBER 4, 12:42pm: Wallace’s two-year offer sheet with the Pelicans will feature a $300K partial guarantee as of September 12, according to Shams Charania of The Athletic (Twitter link).

SEPTEMBER 3, 11:55am: The Pelicans’ offer sheet for Wallace is a two-year, minimum salary deal that is partially guaranteed, sources tell ESPN’s Ian Begley (Twitter link). The cap hits would be $1,349,383 for year one and $1,588,231 for year two.

SEPTEMBER 3, 11:26am: The Pelicans have reached an agreement with restricted free agent guard Tyrone Wallace, according to Shams Charania of The Athletic, who reports (via Twitter) that Wallace will sign an offer sheet with New Orleans.

Wallace finished the 2017/18 season on a two-way contract with the Clippers, who extended a qualifying offer to the rookie guard. The 24-year-old isn’t a traditional restricted NBA free agent like Rodney Hood or Patrick McCaw, but he’s a two-way RFA, which essentially gives the Clips the same rights — they’d have the opportunity to match the Pelicans’ offer sheet.

A former second-round pick out of the University of California, Wallace made his NBA debut for the Clippers last season after signing a two-way deal with the club, and became a crucial part of L.A.’s rotation. In total, Wallace appeared in 30 games (19 starts), averaging 9.7 PPG, 3.5 RPG, and 2.4 APG in 28.4 minutes per contest.

Wallace was one of a handful of point guards to work out for the Pelicans in August as the club sought depth at the position. Ty Lawson, Darius Morris, and Erick Green were among the other free agents who earned a look from New Orleans, but the team apparently liked what it saw from Wallace. If the Pelicans add Wallace or another point guard to their regular season roster to join Elfrid Payton and Frank Jackson, it would allow Jrue Holiday to see more action off the ball.

Assuming Wallace officially signs his agreed-upon offer sheet with the Pelicans, the Clippers would have two days to decide whether or not to match it. The Clips already have an overcrowded backcourt and a full roster, so they may simply let Wallace go. Still, the Pelicans’ cap flexibility is limited and their offer will have to be for the minimum salary, so it’s not out of the question that L.A. would match the offer and figure out its roster logjam later.

The Clippers currently have 15 players on guaranteed salaries, plus Patrick Beverley‘s non-guaranteed contract.

Photo courtesy of USA Today Sports Images.

Trail Blazers Sign Three Players To Camp Deals

September 4th, 2018 at 11:31am CST by Luke Adams

SEPTEMBER 4: The Trail Blazers have officially announced their deals with Onuaku, Oliver, and Payton, confirming the signings in a press release.

SEPTEMBER 3: Three free agents are set to join the Trail Blazers on training camp deals, according to ESPN’s Adrian Wojnarowski (Twitter link), who reports that Chinanu Onuaku, Cameron Oliver, and Gary Payton II have all reached agreements with Portland.

Onuaku, a 2016 second-round pick, appeared in just six NBA regular season games in two seasons with the Rockets. The former Louisville center has spent most of his two professional seasons in the G League, playing in 83 total games for the Rio Grande Valley Vipers and averaging 12.3 PPG and 10.0 RPG to go along with 2.5 APG, 1.4 BPG, 1.1 SPG, and a .617 FG%. The 21-year-old was traded from Houston to Dallas earlier this offseason, with the Mavericks subsequently waiving him.

Oliver, a former Nevada standout, signed a training camp contract with the Rockets after going undrafted in 2017, but was waived by Houston just before the regular season began. The 6’8″ forward spent his rookie season in the G League with Delaware and Wisconsin, averaging 10.8 PPG and 7.1 RPG in 39 total games.

Payton, meanwhile, is the son of NBA Hall-of-Famer Gary Payton. The 25-year-old point guard has seen a little NBA action over the last two seasons, appearing in 29 total contests for the Lakers and Bucks. Like Onuaku and Oliver, he also had a stint with the Rockets earlier in his career and has extensive G League experience.

The Trail Blazers already have 15 players on guaranteed contracts, meaning there might not be any opportunities for their camp invitees to earn regular season roster spots. Portland also doesn’t have its own G League squad, so Onuaku, Oliver, and Payton won’t become affiliate players for the Blazers.

Still, the Blazers haven’t filled either of their two-way contract slots, and Onuaku, Oliver, and Payton would all qualify for a two-way deal. It’s possible that one or two of them could have their camp contracts converted to two-way pacts if they look good in the preseason.

Lakers Buy Out, Waive Luol Deng

September 1st, 2018 at 2:09pm CST by marksuleymanov

2:09pm: Deng gave back $7.5MM on the $36.8MM left on his contract, according to ESPN’s Adrian Wojnarowski and Ramona Shelburne (Twitter link). By using the waive-and-stretch provision, the Lakers will have approximately $38MM in salary cap space next summer.

1:12pm: The team has waived Deng, according to the team’s Twitter feed.

10:25am: The Lakers and forward Luol Deng have agreed to a buyout that will make the veteran a free agent, Shams Charania of The Athletic was first to report. Deng will be waived and stretched, which creates financial flexibility for Los Angeles.

Before reaching a buyout with Deng, the Lakers were projected to have $25MM in cap room for next season. However, by completing this move with Deng, that figure is expected to increase to about $36-38MM, per ESPN’s Bobby Marks. That creates room for a max contract next offseason for Los Angeles.

Deng, 33, had two years and $36.8MM left on the four-year, $72MM deal that he originally signed during the summer of 2016. Since inking that contract with the Lakers, Deng never settled into the team’s rotation, ultimately becoming an expensive bench player.

Per ESPN’s Chris Haynes, Deng is expected to field interest from several contending teams in free agency.

The former two-time All-Star played in 56 games his first year with the Lakers in 2016/17, averaging a career-low 7.6 PPG and 5.3 RPG. The Lakers sat Deng late in the season to evaluate its younger players, a role Deng assumed for all of the 2017/18 campaign.

Despite being healthy and able to play, Deng appeared in just one game this past season. The Lakers even made it publicly clear that they wanted to rid themselves of the albatross contract after the trade deadline in February.

“We wish, huh?” Johnson said with a laugh about whether or not the team was close to trading Deng (via The Orange County Register). “No, that didn’t happen. You want to make a move for us?”

While Deng was commended for his professionalism by Lakers brass, he insisted that his skills can still be effective on the right team. Speaking to K.C. Johnson of The Chicago Tribune in January, Deng said he can be an effective player on the court.

“That’s no question,” Deng said. “I’m not playing because I can’t play. If we’re going to go there, it is what it is. But I know I can play.”

In 14 NBA seasons, Deng wields career averages of 15.0 PPG, 6.1 RPG and 2.3 APG between the Bulls, Cavaliers, Heat and Lakers.

Grizzlies Waive Center Dakari Johnson

August 31st, 2018 at 7:05pm CST by Dana Gauruder

7:05 pm: The team will use the stretch provision on Johnson, creating annual cap hits worth just under $450K per season for the next three years, Michael Wallace of Grizzlies.com tweets.

4:39pm: The Grizzlies have waived center Dakari Johnson, according to a team press release.

Johnson never got a chance to play for Memphis, as he was acquired via a trade with the Magic in July. Memphis shipped out Jarell Martin and tossed in cash considerations in that trade. Orlando acquired Johnson a few days earlier from Oklahoma City in exchange for guard Rodney Purvis.

He appeared in 31 games, including six starts, as a rookie with the Thunder last season. The 7-footer was a second-round pick in the 2015 draft and played parts of three seasons in the G League with the Oklahoma City Blue.

The Grizzlies could use the stretch provision on Johnson’s $1.378MM salary to help them create additional room below the luxury tax threshold. The deadline to use the stretch provision on his contract is today, since it’s an expiring deal. By waiving Johnson, Memphis also created a spot on the 15-man roster for point guard Andrew Harrison, whose deal is non-guaranteed.

Rockets Trade Anderson, Melton To Suns For Knight, Chriss

August 31st, 2018 at 6:12pm CST by Luke Adams

AUGUST 31: The trade is official, the Rockets and Suns announced in separate statements.

AUGUST 30: The Rockets and Suns have agreed to a trade, reports ESPN’s Adrian Wojnarowski (via Twitter). According to Wojnarowski, Phoenix will acquire Ryan Anderson and De’Anthony Melton from Houston in exchange for Brandon Knight and Marquese Chriss.

Anderson has been on the trade block in Houston for over a year, with his expensive long-term contract having stood in the way of a deal until now. While the Rockets will finally shed the two years and $41.69MM remaining on Anderson’s deal, they’ll take back another pricey multiyear contract — Knight is owed $30.28MM over the next two seasons.

Chriss will earn $3.21MM in 2018/19 and has a team option worth just over $4MM for 2019/20. The Rockets will have to make a decision on that option by October 31 of this year. As for Melton, he has yet to sign his first NBA contract, so Houston is technically trading his draft rights to Phoenix. The Suns will have the opportunity to lock him up once the trade is official.

While the in-the-tax Rockets will save some money as a result of the swap, the on-court implications are even more interesting than the financial ones. Anderson’s impressive three-point range allowed Houston to stretch the floor on offense, but his defensive shortcoming made him unplayable in certain matchups — he didn’t see much action in the Western Conference Finals against the Warriors last season, for instance.

In place of Anderson and Melton, the Rockets will be receiving two players with intriguing upside. Knight missed the entire 2017/18 season with an ACL tear, but isn’t far removed from averaging 19.6 PPG and 5.1 APG in 52 games for the Suns in 2015/16. Assuming he’s back to full health, Knight could provide Houston with scoring and play-making off the bench behind Chris Paul and James Harden.

Chriss, meanwhile, has yet to develop into the sort of difference-making big man the Suns hoped for when they drafted him eighth overall in 2016. However, he’s still just 21 years old and has shown flashes of potential during his first two NBA seasons. It’s not clear how he’ll fit into the Rockets’ plans.

The Suns, apparently not ready to bet on Chriss taking significant steps forward, will replace him in the frontcourt with Anderson, a veteran stretch four capable of playing alongside No. 1 pick Deandre Ayton. Phoenix will also add Melton, a 2018 second-round pick who had an impressive Summer League showing for the Rockets, filling the box score with 16.4 PPG, 7.2 RPG, 4.0 APG, and 3.0 SPG in five games in Las Vegas.

The deal will leave the Suns lacking in experience and depth at point guard. Second-rounders Melton and Elie Okobo could see minutes immediately, with Shaquille Harrison and Isaiah Canaan also in the mix.

It will be interesting to see whether Phoenix has another move up its sleeve to fortify that point guard position or if the club simply plans to lean more heavily on Devin Booker as its primary play-maker. In his full report on the trade, Wojnarowski notes that the Suns may envision a larger role for Harrison.

The Rockets will create a modest traded player exception worth about $2.58MM in the deal.

Photo courtesy of USA Today Sports Images.

Pelicans Waive Swingman DeAndre Liggins

August 31st, 2018 at 4:21pm CST by Dana Gauruder

The Pelicans have waived swingman DeAndre Liggins, according to a team press release.

The 6’6” Liggins appeared in 27 games, including three starts, for New Orleans last season after being originally signed on January 10. He averaged 1.6 PPG and 1.0 RPG in 9.0 MPG.

The Pelicans save a little money by cutting Liggins loose, as he was due to receive $75K if he remained on the roster at the beginning of September. Liggins was due to make $1.8MM if he had remained on the roster through January 10.

Liggins played on a pair of 10-day contract with New Orleans then was signed to a two-year deal on February 4. He also appeared in 31 games with the Bucks last season, then was waived in early January before the Pelicans snapped him up.

Liggins has also worn five other uniforms in NBA regular-season games. He started his career with the Magic in 2011/12, then moved on to the Thunder, Heat, Cavaliers and Mavericks. He’s appeared in 177 games but has just a 2.0 PPG average while shooting 35.2% on 3-point tries.

The Pelicans still have eight other players at the wing spots and five players with partial or non-guaranteed contracts.

Thunder Waive Kyle Singler

August 31st, 2018 at 3:38pm CST by Luke Adams

AUGUST 31: The Thunder have officially waived Singler, the team announced today in a press release.

AUGUST 30: The Thunder will part ways with forward Kyle Singler, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that the team is waiving Singler and using the stretch provision to help reduce the cost of this year’s roster.

The move had been expected to happen at some point this week, since August 31 is the last day that teams can waive a player and stretch his 2018/19 salary across multiple seasons. A player released after Friday can have his future salaries stretched, but his ’18/19 cap will remain unchanged.

Singler is owed $4,996,000 for 2018/19 and $5,333,500 for 2019/20, but his second-year salary is non-guaranteed, meaning the Thunder will only be responsible for paying him this season’s salary. The club will have the ability to stretch the cap hits across five seasons, resulting in annual charges of $999,200 through 2022/23.

While the savings for this year may not appear massive, the impact on the Thunder’s tax bill will be significant. With Singler’s full cap hit on the roster, OKC had a team salary of $149,579,364 and a projected tax bill of $93,193,411, by our count. Stretching Singler will reduce those figures to $145,582,564 and $73,785,429, respectively.

In total, the Thunder will trim the projected cost of their roster from $242,772,775 to $219,367,993, good for more than $23.4MM in savings, assuming they don’t fill Singler’s spot on the roster with someone else. Once Singler is officially released, the team will have 14 players on guaranteed deals.

Beyond the financial implications of the move, cutting Singler made sense for the Thunder from an on-court perspective. While Singler’s solid three-point shooting in his first three NBA seasons (.378 3PT%) earned him a long-term contract from the Thunder, the 30-year-old has regressed in recent years and fell out of Oklahoma City’s rotation in 2017/18, appearing sparingly in just 12 games.

Singler will become an unrestricted free agent once he clears waivers.

Photo courtesy of USA Today Sports Images.