Transactions Rumors | Hoops Rumors

Malik Newman Signs Two-Way Deal With Lakers

July 1st, 2018 at 3:55pm CST by Arthur Hill

JULY 1: The Lakers have officially signed Newman to a two-way contract, the team announced today in a press release. Having not tendered qualifying offers to Caruso or Payton, the Lakers appear poised to have new players in both two-way slots for 2018/19.

JUNE 22: The Lakers will add Kansas guard Malik Newman on a two-way contract, tweets Shams Charania of Yahoo Sports.

Newman, 21, spent just one season with the Jayhawks after transferring from Mississippi State. He put up 14.2 points per game this year and shot 42% from 3-point range. He helped the Jayhawks reach the Final Four with a 32-point performance against Duke in the regional finals.

Alex Caruso and Gary Payton II are the Lakers’ current two-way players, with their contracts set to expire at the end of June.

Lakers Sign First-Rounder Moritz Wagner

July 1st, 2018 at 3:30pm CST by Luke Adams

The Lakers have officially signed first-round pick Moritz Wagner to his rookie scale contract, the team announced today in a press release. While most signings can’t be completed during the July moratorium, there’s nothing stopping first-rounders from formally inking their rookie deals during the first week of July.

Wagner, the 25th overall pick in last month’s draft, played his college ball at Michigan and posted 14.6 PPG to go along with 7.1 RPG in 2017/18. The 6’10” forward also flashed stretch-four potential, knocking down 38.5% of his threes in his three-year college career.

Wagner’s salary in 2018/19 figures to be approximately $1.76MM, which is 120% of his rookie scale amount.

The fact that Wagner has formally signed his deal won’t impact the Lakers’ cap room for this summer, since he was already on the team’s books with a cap hold equivalent to his new rookie salary. However, it does mean that he can’t be included in a trade for the next 30 days.

Amar’e Stoudemire To Play In Israel?

July 1st, 2018 at 3:17pm CST by Arthur Hill

3:17pm: In response to Hapoel Jerusalem’s announcement that Stoudemire would play for the team if he doesn’t sign an NBA contract, the veteran NBA big man issued a strong denial, as Dionysis Aravantinos of Eurohoops relays.

The club followed up on Stoudemire’s denial by apologizing to him for the timing of the announcement, but indicating that they still believe he’ll join the squad if he doesn’t get an NBA deal.

“During the last week Amare informed the club’s ownership unambiguously that should he not sign with an NBA team he will play join Hapoel Jerusalem,” the team’s statement read, per Aravantinos. “As a result, the club made an official announcement.”

8:39am: Amar’e Stoudemire will play another season in Israel if he doesn’t receive an NBA offer, tweets international writer David Pick.

Stoudemire, 35, has agreed to re-sign with Hapoel Jerusalem, a team he co-owns in the Israeli Basketball Premier League. Stoudemire announced his retirement in September, but has decided his playing days aren’t over.

He is part of the BIG 3 league this summer and recently said he would like another shot at the NBA. A five-time all-league selection, Stoudemire’s last NBA appearance was with the Heat in 2015/16.

Kings Sign Marvin Bagley III To Rookie Deal

July 1st, 2018 at 2:26pm CST by ChrisCrouse

The Kings have signed Marvin Bagley III to a rookie scale contract, according to a team press release. At 120% of the scale, his first-year salary will come in at approximately $7.31MM.

Sacramento selected Bagley with the No. 2 overall pick in this year’s draft. During his lone season at Duke, the big man was just one of four freshmen in the nation to average a double-double with points and rebounds. He averaged 21.0 points, 11.1 boards, and 1.5 assists in 33.9 minutes per night at the collegiate level.

Bagley will help lead an inexperienced Kings’ roster this upcoming season. Including his deal, Sacramento has nine players under contract who are on their rookie contracts, a figure that leads the league. That total does not include Bogdan Bogdanovic, who’s on his first contract in the league, but not bound to a rookie scale.

Pacers Sign First-Rounder Aaron Holiday

July 1st, 2018 at 2:16pm CST by Luke Adams

The Pacers have signed first-round pick Aaron Holiday to his rookie scale contract, according to a press release issued by the team.

Holiday, the younger brother of NBA players Jrue Holiday and Justin Holiday, enjoyed a major breakout season at UCLA in 2017/18, increasing his scoring average by eight points per game to 20.3 PPG. That mark tied him with Arizona’s Deandre Ayton for the Pac-12 scoring lead. Holiday also chipped in 5.8 APG and 3.7 RPG, shooting 42.9% on three-point attempts.

The Pacers selected Holiday with the 23rd overall pick in the 2018 draft, which will put him in line for a first-year salary of approximately $1.91MM. That figure represents the maximum allowable 120% of the rookie scale amount for the No. 23 pick in 2018/19.

Like all other first-rounders who sign rookie scale contracts, Holiday will get two guaranteed years, with team options in years three and four.

Pistons Sign Glenn Robinson III

July 1st, 2018 at 1:11pm CST by ChrisCrouse

JULY 7: The signing is official, the Pistons announced on Twitter.

JULY 1: The Pistons are finalizing a deal to bring Glenn Robinson III to Detroit, according to Shams Charania of Yahoo Sports (Twitter link). The pact will be for $8.3MM over two seasons with only the first year guaranteed.

Detroit will be using part of its mid-level exception to accommodate the deal. The franchise is over the cap, committing approximately $115.7MM in salary for the 2018/19 season before factoring in Robinson’s deal.

The University of Michigan product showed some promise during his time with the Pacers over the past three seasons, though injuries robbed him of consistency. He played in just 23 games during the 2017/18 campaign.

The 24-year-old is a career 38.1% marksman from behind the arc. That figure that includes shooting 41.2% on 34 attempts last season. He should be able to compete for a spot in Detroit’s wing rotation, an area that proved to have its issues after the team traded away much of its depth in the Blake Griffin deal.

Heat Sign Derrick Jones Jr.

July 1st, 2018 at 12:38pm CST by ChrisCrouse

The Heat have signed Derrick Jones Jr. to a two-year deal, according to a team press release. The pact will be a minimum salary arrangement with Ira Winderman of the Sun Sentinel reporting (Twitter link) that the second year is non-guaranteed.

Jones Jr. played with Miami on a two-way deal last season, seeing action in 13 games for the team’s G League affiliate and in 14 with the NBA club. During his time with the Heat, he averaged 3.7 points in 15.2 minutes per game.

Most signings cannot be made official during the league’s moratorium. However, minimum salary deals are an exception to that rule, as we outline in our Glossary section. Other transactions that are allowed include signing first-rounders to their rookie scale contract and a restricted free agent signing his qualifying offer or a max deal with his current team.

Marreese Speights Set To Play In China

July 1st, 2018 at 12:36pm CST by Luke Adams

Unrestricted NBA free agent Marreese Speights has reached an agreement to join China’s Guangzhou Long Lions and will continue his playing career overseas, per international basketball reporter David Pick (Twitter link).

It’s a six-month, $2MM deal for Speights, according to Pick, who first reported two weeks ago that the big man was close to reaching a deal with the Chinese club.

[RELATED: 2018 NBA Free Agent Tracker]

Speights, who will turn 31 next month, has bounced around among several NBA teams over the course of his 10-year career, spending time with the Sixers, Grizzlies, Cavaliers, Warriors, Clippers, and Magic. In Orlando in 2017/18, he averaged 7.7 PPG and 2.6 RPG. The veteran has also improved his three-point shooting in recent years, making 1.7 threes per game at a 36.9% clip last season.

Since the Chinese season ends before the NBA season does, Speights could have the opportunity to collect $2MM and then return stateside to catch on with an NBA contender down the stretch in 2018/19.

Knicks Re-Sign Luke Kornet

July 1st, 2018 at 10:17am CST by Luke Adams

JULY 6th, 6:31pm: The signing is official, according to a team press release.

JULY 1st, 10:17am: The Knicks have agreed to terms on a new one-year contract for center Luke Kornet, according to Marc Berman of The New York Post (Twitter link). Berman reports that the deal will be worth approximately $1.6MM.

Kornet, who will turn 23 in two weeks, spent the 2017/18 season on a two-way contract with the Knicks. He appeared in 20 games for the NBA club, averaging 6.7 PPG and 3.2 RPG with a .392/.354/.727 shooting line. The big man also played well in 36 games for the G League’s Westchester Knicks, posting 16.0 PPG on .489/.440/.812 shooting.

Having received a qualifying offer from the Knicks, Kornet was a restricted free agent, so New York could have matched any offer sheet he signed. While the seven-footer was said to be receiving some interest from a couple other clubs, he instead negotiated directly with the Knicks. Kornets’ new deal should be worth around $1.62MM, as his Non-Bird rights allow for a deal worth up to 120% of his minimum salary.

With Kornet getting an NBA deal from the Knicks, a two-way slot opens up for Allonzo Trier, who reportedly reached an agreement on a two-way deal with the club. Isaiah Hicks, New York’s other two-way player in 2017/18, remains a restricted free agent for now.

Hawks Sign Jaylen Adams To Two-Way Deal

July 1st, 2018 at 10:15am CST by Arthur Hill

JULY 1: The Hawks have officially signed Adams to a two-way contract, the team announced today in a press release.

JUNE 22: The Hawks have reached agreement on a two-way contract with St. Bonaventure’s Jaylen Adams, tweets ESPN’s Adrian Wojnarowski.

The 22-year-old point guard shared Player of the Year honors in the Atlantic 10 as a senior. He averaged 19.1 points and 5.2 assists per game and had a pair of 40-point nights in February.

Adams was a first-team all-conference selection the past three years and earned honorable mention All-American honors this season.