Transactions Rumors | Hoops Rumors

Pacers Sign Kyle O’Quinn

July 9th, 2018 at 11:49am CST by Luke Adams

JULY 9: The Pacers have published a tweet welcoming O’Quinn to the team, signaling that the signing is now official.

JULY 6: The Pacers have reached a contract agreement with free agent center Kyle O’Quinn, according to Shams Charania of Yahoo Sports, who reports (via Twitter) that O’Quinn will sign a one-year, $4.5MM deal with Indiana.

O’Quinn, 28, enjoyed the most productive season of his career in 2017/18, establishing new career highs in PPG (7.1), RPG (6.1), FG% (.582), and several other categories in 77 games (18.0 MPG) for the Knicks. Coming off a successful year in New York, O’Quinn was one of the few veterans in the NBA who turned down a player option for 2018/19.

That player option was worth approximately $4.26MM, so O’Quinn appears poised to exceed that salary on his new deal with the Pacers. Based on the reported terms, it appears that Indiana will use its room exception, worth $4.449MM, to finalize its deal with the veteran center after using up the rest of its cap space.

The Pacers have been busy this week, striking a three-year, $22MM deal with sharpshooting forward Doug McDermott early in free agency, then agreeing to terms on a one-year, $12MM pact for Tyreke Evans. Those two deals are expected to eat up just about all of Indiana’s cap space, but even after using their room exception on O’Quinn, the club will able to add minimum-salary players.

Before reaching an agreement with the Pacers, O’Quinn reportedly met with the Clippers and drew interest from the Sixers and Pelicans.

In Indiana, O’Quinn will join a talented and versatile frontcourt that features Myles Turner, Domantas Sabonis, Thaddeus Young, and T.J. Leaf. With Al Jefferson and Trevor Booker no longer in the mix, there should be a regular rotation role available for O’Quinn.

Photo courtesy of USA Today Sports Images.

Pelicans Sign Julius Randle

July 9th, 2018 at 10:25am CST by Dana Gauruder

JULY 9: The Pelicans have officially signed Randle, per the NBA’s transactions log. The team’s new deal with Ian Clark has also been finalized, according to the league’s list of official transactions.

JULY 2: The Pelicans have reached an agreement with Lakers free agent forward Julius Randle on a two-year, $18MM contract, Adrian Wojnarowski of ESPN tweets. The second year will be a player option, Wojnarowski adds.

The acquisition of Randle would strongly suggest that the Pelicans are not confident in re-signing DeMarcus Cousins. At the very least, adding Randle would give them some insurance if Cousins signs elsewhere. Not only does New Orleans already have superstar Anthony Davis up front but also Nikola Mirotic, who was acquired from the Bulls and jumped into the starting lineup with Cousins sidelined by a season-ending Achilles injury.

Davis was instrumental in recruiting Randle to New Orleans, according to another Wojnarowski tweet. Randle had his rights renounced by Los Angeles per his request earlier on Monday, making him an unrestricted free agent. The Pelicans ironically lost free agent point guard Rajon Rondo to the Lakers shortly before the news of Randle’s agreement broke.

Randle’s opt-out will give him the opportunity to explore the free agent market once again next summer. Randle, a former seventh overall pick, averaged 16.1 PPG, 8.0 RPG, 2.6 APG, and a .558 FG% in 26.7 minutes per game last season.

The Pelicans, meanwhile, may be poised to replace Cousins with Randle and Rondo with Elfrid Payton, who reached an agreement with the team on Sunday. The terms of the two deals strongly suggest that New Orleans will use its mid-level exception to sign Randle and its bi-annual exception to bring Payton aboard.

A two-year signing using the non-taxpayer mid-level exception would be worth about $17.7MM, which matches up with Randle’s reported $18MM agreement. The bi-annual exception is worth $3.382MM and would accommodate Payton’s reported $2.7MM salary.

Using either exception would hard-cap the Pelicans at $129.82MM for the 2018/19 league year, so while they could go over the cap to re-sign Cousins, their team salary would have to stay below that $129.82MM threshold. Taking into account Randle’s and Payton’s reported agreements, the Pelicans are at approximately $104MM in guaranteed salary for nine players. That total doesn’t include Cousins or non-guaranteed players like Darius Miller ($2.2MM).

Photo courtesy of USA Today Sports Images.

Jazz To Guarantee Ekpe Udoh’s 2018/19 Salary

July 9th, 2018 at 7:23am CST by Luke Adams

The Jazz have informed center Ekpe Udoh and his representatives that they intend to keep him on their roster, guaranteeing his salary for the 2018/19 season, league sources tell Tony Jones of The Salt Lake Tribune.

Udoh, 31, returned to the NBA in 2017 after a two-season absence, inking a two-year deal with the Jazz. However, that contract was only guaranteed for the first year. Utah could have avoided the second-year guarantee for Udoh by waiving him today. Instead, his $3.36MM salary will become guaranteed.

Udoh didn’t have a significant role with the Jazz in 2017/18, averaging just 12.6 MPG in 63 contests. However, he showed off his impressive shot-blocking ability in those limited minutes, posting 1.2 BPG. As Jones writes, the big man also provided veteran leadership to younger teammates in the locker room.

With Udoh set to return, Utah’s roster for 2018/19 is all but set, according to Jones. The Jazz entered the offseason with seven players on guaranteed contracts. They’ve subsequently drafted Grayson Allen, re-signed Derrick Favors, Dante Exum, and Raul Neto, and guaranteed salaries for Thabo Sefolosha and Udoh.

Royce O’Neale‘s non-guaranteed salary is also a lock to be guaranteed, which increases the club’s roster count to 14 players, leaving one spot on the projected 15-man roster. For now, David Stockton occupies that spot, but he also doesn’t have a guaranteed salary. If the Jazz do add a 15th man in Stockton’s place, it figures to be a younger player, sources tell Jones.

Georges Niang, who is a two-way restricted free agent for the team, could be a candidate for that last roster spot based on his Summer League play so far.

Spurs Decline To Match Grizzlies’ Offer Sheet For Kyle Anderson

July 8th, 2018 at 7:49pm CST by ChrisCrouse

The Spurs are declining to match the offer sheet Kyle Anderson signed with the Grizzlies, Adrian Wojnarowski of ESPN.com reports (Twitter link). It was previously reported that San Antonio was leaning against matching the four-year, $37.2MM offer.

Anderson will likely become Memphis’ starting small forward, Wojnarowski notes. The 24-year-old has been excellent on the defensive end and the organization views the deal as an investment toward its goal of “recapturing” the Grit and Grind era, Woj writes in a full-length piece on ESPN.com.

Anderson, a UCLA product, enjoyed a more prominent role than expected in 2017/18, with Kawhi Leonard sitting out nearly the entire season. The wing appeared in 74 games, averaging 7.9 points, 5.4 rebounds, and 2.7 assists per contest with an efficient .527 FG%.

The Spurs are already over the cap, committing $105.6MM for the upcoming season with only 10 players under contract. Matching Anderson’s offer sheet would have left the team without much financial flexibility as it aimed to fill out the remainder of the roster. San Antonio still has to consider new deals for its other restricted free agents, Davis Bertans and Bryn Forbes.

Anderson’s departure represents the latest in a string of lost restricted free agents for the Spurs. The club opted to withdraw qualifying offers for Cory Joseph and Jonathon Simmons in 2015 and 2017, respectively, allowing them to sign elsewhere. In 2016, San Antonio opted not to match Boban Marjanovic‘s offer sheet with the Pistons.

Photo courtesy of USA Today Sports Images.

Knicks Sign Second-Rounder Mitchell Robinson

July 8th, 2018 at 6:17pm CST by Dana Gauruder

6:17pm: Robinson signed a four-year deal with two fully guaranteed seasons and a team option for year four, writes Marc Berman of The New York Post. According to Berman, the pact includes about $4.8MM in the first three years, so at least one year is worth more than the minimum. Three years at the minimum would have been worth about $3.9MM. The third year isn’t fully guaranteed (Twitter link).

5:10pm: The signing is official, per a team press release.

3:48pm: The Knicks have reached a multi-year agreement with second-round pick Mitchell Robinson, according to Ian Begley of ESPN.

The contract is expected to be at least thee years, meaning the Knicks will use their mid-level exception to complete. the move. The team has about $2.1MM left on its MLE after signing Mario Hezonja, but it’s certain how much of that amount Robinson will receive.

The 7’1” center, who was the 36th overall pick, didn’t play college ball after committing to Western Kentucky. However, the Knicks have been impressed with his confidence and aggressiveness thus far on their summer-league team, Begley adds.

New York has three other centers on the roster — Enes Kanter, Luke Kornet and Joakim Noah, though it’s unlikely the disgruntled Noah will play again for the franchise.

Bulls Match Kings’ Offer Sheet For Zach LaVine

July 8th, 2018 at 11:38am CST by Arthur Hill

As expected, the Bulls have officially matched the offer sheet the Kings presented to Zach LaVine, the team announced on Twitter.

The contract, which is fully guaranteed with no options, will pay LaVine $78MM over the next four years. It also includes financial protections for the Bulls in case LaVine experiences further problems with his surgically repaired left knee. Under NBA rules, the Bulls cannot trade LaVine without his consent or send him to the Kings under any circumstances for an entire year, tweets salary cap expert Albert Nahmad.

“We were excited last summer when we got a dynamic athlete in Zach LaVine through the trade,” said Bulls executive John Paxson, “and we’re excited now that we get to keep him.” (Twitter link from K.C. Johnson of The Chicago Tribune.)

LaVine was the centerpiece of a deal that sent Jimmy Butler to the Timberwolves on the night of the 2017 draft. Chicago was willing to gamble on LaVine even though he was coming off a torn ACL. He sat out the first half of his first season with the Bulls, then averaged 16.7 PPG in 24 games after recovering.

Chicago appears to still be functioning as an over-the-cap team after matching LaVine’s offer, but it could get up to about $19MM in space by waiving Sean Kilpatrick, Paul Zipser (non-guaranteed) and Julyan Stone while keeping David Nwaba‘s cap hold on its books. That would also involve renouncing all the team’s exceptions, including three traded player exceptions.

Chris Paul Signs Four-Year Max Deal With Rockets

July 8th, 2018 at 10:41am CST by Luke Adams

JULY 8: The new contract with Paul is official, the Rockets announced on Twitter.

JUNE 30: The Rockets will lock up Chris Paul to a long-term deal, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that the All-Star point guard has agreed to a four-year, maximum-salary contract with Houston.

As our breakdown of max salaries for 2018/19 shows, a four-year max for Paul should be worth $159,730,592.

Paul turned in a stellar season in his first year in Houston, dispelling any concerns about his ability to mesh with James Harden. Paul averaged 18.6 points and 7.9 assists and helped the Rockets post the NBA’s best record at 65-17. However, he suffered a hamstring injury late in Game 5 of the Western Conference finals and missed the last two games as Houston fell to the Warriors.

The big payday for Paul comes a year after he bypassed free agency and opted in to the final year of his $24.6MM contract to help facilitate a trade from the Clippers to the Rockets. At the time, there was a belief that CP3 and the Rockets had a general understanding that the team would take care of him when he eventually reached unrestricted free agency.

That turned out to be the case, though the 33-year-old was eligible for a full max contract over five seasons, so Houston got a bit of a break with a four-year deal.

With Paul locked up, the Rockets will now shift their focus to retaining key contributors like Clint Capela and Luc Mbah a Moute. If Houston re-signs Capela to a lucrative new deal, team salary figures to exceed the luxury tax threshold for 2018/19.

Photo courtesy of USA Today Sports Images.

Hornets, Bulls, Magic Complete Three-Way Deal

July 8th, 2018 at 8:27am CST by Arthur Hill

JULY 8, 8:27am: The trade is now official, according to press releases from all three teams. In addition to receiving Biyombo, the Hornets will also acquire 2019 and 2020 second-round picks from the Magic. Orlando holds multiple second-rounders in each year, so it’s not yet clear which selections are changing hands.

“There were some elements of (the trade) that we were discussing individually the last few weeks, but the deal actually came together just [on Saturday],” said Magic president of basketball operations Jeff Weltman. “It was really kind of a quick-hitter.”

The Bulls intend to waive Stone, per Vincent Goodwill of NBC Sports Chicago (Twitter link).

JULY 7, 8:20pm: The trade has been agreed to in principle, according to Wojnarowski (Twitter link).

JULY 7, 7:51pm: Charlotte, Chicago and Orlando are close to a trade that would send Timofey Mozgov to the Magic, Bismack Biyombo to the Hornets and Julyan Stone to the Bulls, tweets ESPN’s Adrian Wojnarowski. Bulls guard Jerian Grant will also go to Orlando in the deal, Woj adds (Twitter link).

The Hornets will give up more than $17MM in the trade between Mozgov’s $16MM salary for next season and Stone’s non-guaranteed $1,656,092. This will be the second trade of the summer for Mozgov, who was shipped from the Nets to the Hornets in a deal that became official yesterday. He has two years left on his current contract, with a $16.72MM salary for 2019/20.

In Biyombo, Charlotte picks up a shot blocker to replace Dwight Howard, who went to Brooklyn in the Mozgov deal. Biyombo’s contract is nearly in line with Mozgov’s, paying him $17MM in 2018/19, with a player option for the same amount the following season. Orlando breaks up a logjam at center that had existed since drafting Mohamed Bamba, while Mozgov becomes the third-string center in Orlando and probably won’t see much more playing time than he did in Brooklyn.

Chicago plays a minor role in the trade, creating modest savings by sending out Grant’s $2,639,314 salary in exchange for Stone’s non-guaranteed figure. The Bulls could be looking to shed any salary they can before their expected matching of the Kings’ offer sheet for Zach LaVine.

Stone’s guarantee date is August 1, posts Bobby Marks on ESPN Now, and the Bulls can increase their cap room to $16MM by letting him go and getting rid of Noah Vonleh‘s cap hold. Taking on Biyombo’s contract pushes the Hornets up to $120.3MM in salary with 14 guaranteed deals, just $3.4MM under the luxury tax.

Photo courtesy of USA Today Sports Images.

Suns Sign Devin Booker To Five-Year Extension

July 7th, 2018 at 10:48pm CST by Luke Adams

The Suns have officially signed guard Devin Booker to a contract extension that will cover five years and pay him the maximum salary, the team announced today in a press release. The club also tweeted out of a photo of Booker with the finalized contract.

“I am humbled and honored to commit to the Suns organization long term,” Booker said in a statement. “I have loved calling Phoenix home the last three seasons as this team and community are special to me. Thank you to the Suns for drafting me and believing in me. I look forward to the future and pursing a title as a Phoenix Sun.”

The Suns and Booker met earlier this week and were said to be making progress toward finalizing a new five-year max extension. The deal couldn’t be completed until after the July moratorium ended on Friday.

Booker’s new contract will go into effect starting in the 2019/20 season. Currently, based on a $109MM cap projection for that league year, a five-year deal would be worth $158MM. However, that figure could go up or down depending on where the salary cap ultimately lands. The starting salary will be worth 25% of the cap.

Booker, 21, has improved his numbers across the board during his first three seasons in the NBA, establishing new career highs in PPG (24.9), APG (4.7), RPG (4.5), 3PT% (.383), and several other categories in 2017/18.

The Suns haven’t won more than 24 games in a season since Booker debuted with the team, but the franchise appears to be trending in a positive direction. So far this offseason, the club has added No. 1 overall pick Deandre Ayton, young three-and-D wing Mikal Bridges, and veteran wing Trevor Ariza, among others, so Booker should have more help going forward.

Booker was one of 23 former first-round picks eligible for a rookie scale extension this offseason. While the Suns guard was the first one to officially sign a new deal, there are several other candidates to get one before the mid-October deadline, including Karl-Anthony Towns, Kristaps Porzingis, Myles Turner, and Larry Nance.

Photo courtesy of USA Today Sports Images.

Pistons Waive Dwight Buycks

July 7th, 2018 at 5:23pm CST by Austin Kent

JULY 7, 5:23pm: Buycks has officially been waived, tweets Rod Beard of The Detroit News.

JULY 5, 7:39pm: The Pistons will waive backup point guard Dwight Buycks, Michael Scotto of The Athletic reports. The 29-year-old averaged 7.4 points and 2.0 assists per game off the bench for Detroit in 2017/18.

Had he remained on the roster through September 1, his minimum deal for 2018/19 would have become guaranteed.

While Buycks battled for key reserve minutes behind de facto starter Ish Smith last season, the return of a healthy Reggie Jackson bumped him further down the team’s depth chart.

With Buycks out of the picture, the Pistons will rely on Jackson and Smith, with recently signed veteran Jose Calderon available for spot minutes.

As for Buycks, who had been out of the NBA since 2014/15 prior to catching on in Detroit, it’s back to the open market.