Transactions Rumors | Hoops Rumors

Bulls Sign Carter, Hutchison To Rookie Deals

July 3rd, 2018 at 11:01am CST by Luke Adams

The Bulls have made it official with their two first-round picks, announcing today in a press release that Wendell Carter Jr. and Chandler Hutchison have both signed their rookie contracts.

Carter, the seventh overall pick in the 2018 draft, was somewhat overshadowed in his freshman year at Duke by teammate Marvin Bagley III, but had a strong season for the Blue Devils, averaging 13.5 PPG, 9.1 RPG, and 2.1 BPG. He projects as the Bulls’ long-term starting center alongside power forward Lauri Markkanen in the frontcourt.

As for Hutchison, the 6’7″ swingman played his college ball at Boise State, and is coming off a 2017/18 season in which he averaged an impressive 20.0 PPG, 7.7 RPG, and 3.5 APG with a .475/.359/.728 shooting line. The No. 22 pick will look to earn minutes in Chicago’s wing rotation in his rookie year.

Carter’s new four-year deal will be worth approximately $22MM, while Hutchison will be in line for a four-year total of about $10.79MM. The terms of both deals are dictated by the NBA’s rookie scale. Each contract will also have two guaranteed seasons, with team options in years three and four.

Magic Sign Mohamed Bamba To Rookie Deal

July 3rd, 2018 at 7:43am CST by Luke Adams

The Magic have officially locked up their 2018 first-round pick, announcing in a press release that they’ve signed Mohamed Bamba to his rookie contract. Bamba’s deal, like all other rookie scale contracts for first-rounders, will feature two guaranteed years with team options in years three and four.

Bamba, 20, spent a single college season at Texas, averaging a double-double (12.9 PPG, 10.5 RPG) with an impressive 3.7 BPG. He declared for the draft as an early entrant.

Bamba will join a crowded Orlando frontcourt that features veteran centers Nikola Vucevic and Bismack Biyombo, as well as power forwards Jonathan Isaac and Aaron Gordon, who agreed to a new four-year deal with the Magic on Sunday. Khem Birch will also provide depth for the team at the four and five.

As the sixth overall pick in the 2018 draft, Bamba will be in line for a first-year salary worth just shy of $4.9MM. Assuming he plays out his full four-year deal, he’ll become extension-eligible for the first time in 2021, and would be on track to reach restricted free agency in 2022.

Jazz Sign First-Round Pick Grayson Allen

July 2nd, 2018 at 8:30pm CST by Dana Gauruder

Guard Grayson Allen has signed his rookie contract with the Jazz, the team tweets.

The 6’6” Duke star was the 21st pick of the draft. Allen will receive approximately $2.07MM in the first year of the deal.

Allen averaged 15.5 PPG and 4.7 APG in his senior year and made 38% of his 3-point attempts during his college career.

Primarily a shooting guard, he will compete for minutes at both guard spots behind Ricky Rubio and Donovan Mitchell and perhaps get some playing time at small forward in smaller lineups.

Timberwolves Sign First-Round Pick Josh Okogie

July 2nd, 2018 at 8:11pm CST by Dana Gauruder

The Timberwolves have signed first-round pick Josh Okogie, the team’s public relations department tweets.

Okogie, who was selected with the No. 20 overall pick, will receive approximately $2.16MM in the first year of his rookie contract. Okogie, a 6’4” shooting guard, departed Georgia Tech after his sophomore year, in which he averaged 18.2 PPG and 6.3 RPG. He turns 20 in September.

He’ll compete for minutes behind starter Jimmy Butler.

Trail Blazers Sign First-Rounder Anfernee Simons

July 2nd, 2018 at 8:01pm CST by Dana Gauruder

The Trail Blazers have signed first-round pick Anfernee Simons, according to the team’s website.

Portland used the 24th overall pick on the 19-year-old Simons, who attended IMG Academy last year. The 6’4” Simons will receive approximately $1.8MM during his rookie year.

Simons could see playing time in his rookie season, even though the Trail Blazers just came to terms with free agent Seth Curry. Portland is still somewhat thin at the guard spots behind starters Damian Lillard and CJ McCollum.

Sixers Sign First-Rounder Zhaire Smith

July 2nd, 2018 at 7:22pm CST by Dana Gauruder

The Sixers have signed first-round pick Zhaire Smith, according to the team’s website.

Smith, whose rights were acquired in a draft-night trade with Suns, will receive approximately $2.6MM in his first season.

The 6’5” swingman was selected No. 16 overall after playing one season at Texas Tech, where he averaged 11.3 PPG, 5.0 RPG, 1.8 APG, 1.1 BPG and 1.1 SPG in 28.4 MPG.

Smith is unlikely to receive significant playing time in his first season for one of the Eastern Conference’s top clubs. He will play on the Sixers’ summer league team.

Seth Curry Signs With Trail Blazers

July 2nd, 2018 at 7:00pm CST by Dana Gauruder

JULY 6: Curry’s agreement with the Blazers is official, according to a press release from the team. “We expect Seth to be an impactful addition to our backcourt as his skill set will translate immediately,” president of basketball operations Neil Olshey said. “He is an elite shooter with the ability to play on or off the ball.”

JULY 2: Mavericks free agent guard Seth Curry has agreed to a two-year contract with the Trail Blazers, Adrian Wojnarowski of ESPN tweets. Curry will receive $2.75MM in the first year and have a player option on the second year, Wojnarowski adds.

Curry missed the entire 2017/18 season due to a stress fracture in his lower left leg. He underwent surgery in early February but has been medically cleared to play. He has participated in full basketball-related activities for over a month.

There’s a path for Curry to jump right into the rotation. Portland is currently thin at the guard spots behind starters Damian Lillard and CJ McCollum. The team allowed Shabazz Napier, a rotation player last season, to become an unrestricted free agent after declining to give him a qualifying offer.

Curry enjoyed a breakout season in 2016/17 with Dallas, playing in 70 games (42 starts) and averaging 12.8 PPG, 2.6 RPG and 2.7 APG.

The Trail Blazers figure to be well over the cap for 2018/19, so they’ll need to use an exception to sign Curry. The mid-level seems likely — Curry’s deal would fit in the bi-annual exception, but using the BAE would hard-cap Portland for the year.

Photo courtesy of USA Today Sports Images.

Lakers Renounce Julius Randle

July 2nd, 2018 at 5:51pm CST by Luke Adams

5:51pm: Randle asked to be renounced once it became clear his role could dramatically change and the franchise wouldn’t make a long-term commitment to him, Ramona Shelburne of ESPN tweets.

4:19pm: The Lakers have renounced Julius Randle, making him an unrestricted free agent, reports ESPN’s Adrian Wojnarowski (via Twitter). As we detailed earlier today, the move increases the club’s projected cap room to nearly $14MM.

Randle, a former seventh overall pick, enjoyed the best season of his four-year NBA career in 2017/18, averaging 16.1 PPG, 8.0 RPG, 2.6 APG, and a .558 FG% in 26.7 minutes per game. The 23-year-old is now free to sign with any team, though there aren’t a ton of clubs around the league that still have cap room available.

A Monday morning report had indicated that the Lakers were set to meet with Randle’s representatives today, with his camp hoping for a contract offer from the team. That seemed like a viable possibility, since L.A.’s first few moves in free agency seemed to accommodate Randle’s cap hold.

However, it appears the two sides couldn’t find common ground during that meeting, clearing the path for the big man to land elsewhere and for the Lakers to open up cap room.

It seems the Lakers will use a significant chunk of their newly-created space to sign Rajon Rondo. The veteran point guard has reportedly agreed to a one-year, $9MM contract with the club.

Pacers Waive Center Al Jefferson

July 2nd, 2018 at 4:17pm CST by Dana Gauruder

The Pacers have waived veteran center Al Jefferson, Keith Smith of RealGM tweets.

Jefferson had a partial guarantee of $4MM on his $10MM salary for next season. Indiana gains $6MM in cap space by the move and could use the stretch provision to create even more room for thie summer.

Though the Pacers declined their $4.33MM option on Lance Stephenson‘s contract, they have added plenty of salary in recent days. They guaranteed Bojan Bogdanovic‘s $10.5MM salary and Darren Collison‘s $10MM deal.

Indiana also made a surprising three-year, $22MM free agent splurge for forward Doug McDermott and agreed to terms with first-round pick Aaron Holiday.

Jefferson, 33, has played for Indiana the past two seasons. He saw spot duty in 36 games last season as the No. 3 center, averaging 7.0 PPG and 4.0 RPG in 13.4 MPG.

Suns Waive Alan Williams

July 2nd, 2018 at 4:17pm CST by Luke Adams

4:17pm: The move is official, with the Suns issuing a press release to announce that they’ve waived Williams.

12:19pm: The Suns are waiving big man Alan Williams, reports John Gambadoro of Arizona Sports 98.7 (Twitter link). Williams will become an unrestricted free agent if and when he clears waivers.

Williams, 25, played well for the Suns in 2016/17, averaging 7.4 PPG and 6.2 RPG in just 15.1 minutes per contest (47 games). His performance earned him a three-year, $16MM+ deal with Phoenix last summer, though only the first year’s salary was fully guaranteed.

Williams’ 2017/18 season was derailed before it began, as a meniscus injury sidelined him for nearly the entire year. He appeared in just five games for the Suns down the stretch.

By waiving Williams, the Suns will no longer be on the hook for his $5.52MM salary for 2018/19. According to Basketball Insiders’ data, the language in the contract called for a $1MM partial guarantee if Williams met certain minute, weight, and body fat requirements, but considering he only played 70 minutes in 2017/18, he presumably didn’t meet those criteria.

Williams’ release will create enough cap room for the Suns to finalize Trevor Ariza‘s reported one-year, $15MM deal, but not much beyond that. By my count, if Phoenix also cuts Shaquille Harrison, who has a non-guaranteed salary, the team could get up to about $4MM in space after signing Ariza.

According to Scott Bordow of The Arizona Republic (via Twitter), the Suns haven’t ruled out the possibility of re-signing Williams to a smaller deal after he clears waivers.

Photo courtesy of USA Today Sports Images.