Transactions Rumors | Hoops Rumors

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.

Wizards Claim Thomas Bryant Off Waivers

July 2nd, 2018 at 4:15pm CST by Luke Adams

The Wizards have claimed second-year center Thomas Bryant off waivers from the Lakers, sources tell Shams Charania of Yahoo Sports (Twitter link). Bryant was cut by the Lakers on Saturday to create a little extra cap flexibility in advance of free agency.

Bryant, the 42nd overall pick in the 2017 draft, appeared in 15 games for the Lakers last season, averaging 1.5 points and 1.1 rebounds in 4.6 minutes per game. He saw more action in the G League, posting 19.7 PPG, 7.3 RPG, and a .597/.364/.674 shooting line in 37 games for the South Bay Lakers.

According to salary data from Basketball Insiders and ESPN, Bryant’s contract includes a $1,378,242 non-guaranteed salary for 2018/19, which is set to become guaranteed if the young center remains under contract through Thursday. Theoretically then, Washington still has the opportunity to avoid Bryant’s guarantee, but the club likely wouldn’t have placed a claim on him if it didn’t plan to keep him for more than three days.

Teams generally require cap room or a trade exception to claim a player off waivers, but because Bryant is on a two-year, minimum-salary deal, any club was eligible to place a claim.

Celtics Sign Brad Wanamaker

July 2nd, 2018 at 4:03pm CST by Luke Adams

JULY 2, 4:03pm: The Celtics have officially signed Wanamaker, the team announced today in a press release. Because it’s a minimum salary contract, it can be finalized during the July moratorium.

JUNE 26, 5:59pm: Wanamaker and the Celtics have agreed on a guaranteed one-year, minimum salary deal worth approximately $831K, per international basketball journalist David Pick.

Per Pick, Wanamaker left $3.8MM on the table in Europe to get his shot in the NBA.

JUNE 25, 3:04pm: The Celtics are in the process of finalizing a deal with EuroLeague guard Brad Wanamaker, reports ESPN’s Adrian Wojnarowski (via Twitter).

According to Adam Himmelsbach of The Boston Globe (via Twitter), Boston would like to sign Wanamaker to a two-year contract, while Wanamaker would prefer one year, but it appears the two sides will work out an agreement. The Celtics would be able to officially finalize the signing once the new NBA league year begins in July.

Wanamaker, who played his college ball at Pittsburgh, went undrafted in 2011 and has bounced around various leagues since then, playing in the G League and overseas. The 6’4″ combo guard has emerged as one of the more effective players in Europe, earning an All-EuroLeague Second Team nod in 2017 and winning the MVP award for the Turkish League Finals this year. In 2017/18, he averaged a team-high 11.8 PPG and made 40.2% of his three-pointers in 31 Turkish League games for EuroLeague powerhouse Fenerbahce.

This will be the second straight offseason that the Celtics have dipped into the international ranks to fill out their roster. A year ago, the club brought Shane Larkin back from Europe and also signed Daniel Theis out of the German League. Wanamaker and Theis played together for Brose Bamberg in Germany from 2014 to 2016.

International basketball journalist David Pick first reported earlier this month that the Celtics were giving “strong consideration” to signing Wanamaker. The Magic, Nets, Sixers, and Heat were also said to have interest.

Clippers Sign Mike Scott To One-Year Deal

July 2nd, 2018 at 3:48pm CST by Luke Adams

JULY 9th, 5:59pm: The signing is official, according to the team’s PR Twitter feed. The one-year deal is said to be worth approximately $4.3MM, per ESPN’s Zach Lowe (Twitter link).

JULY 2nd, 3:48pm: The Clippers have agreed to terms on a deal with veteran free agent Mike Scott, reports ESPN’s Adrian Wojnarowski (via Twitter). According to Woj, Scott will sign a one-year contract with Los Angeles.

The Clippers were said to have strong interest in Anthony Tolliver, meeting with him on the first day of the free agent period Sunday. However, once Tolliver committed to the Timberwolves, L.A. shifted its focus to other options and did well to land Scott, who will add depth at forward behind Tobias Harris and Danilo Gallinari.

Scott, a 6’8″ power forward, had a strong season for the Wizards in 2017/18, averaging 8.8 PPG and 3.3 RPG in a part-time role (18.5 MPG). He also set career highs in FG% (.527) and 3PT% (.405).

The Wizards had made it a priority to bring back Scott, according to Candace Buckner of The Washington Post (Twitter link), but he’ll head west for the coming season, leaving Washington to look elsewhere for frontcourt help.

Pistons Sign Jose Calderon

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

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

JULY 2: The Pistons have reached an agreement with veteran point guard Jose Calderon, according to ESPN’s Chris Haynes (Twitter link). League sources tell Haynes that’s worth $2.4MM, which means it’s a minimum-salary deal.

The agreement will reunite Calderon with new Pistons head coach Dwane Casey, who coached the 36-year-old several seasons ago in Toronto.

A 13-year NBA veteran, Calderon spent the 2017/18 with the Cavaliers. Although he played a modest role with the club, he was solid when called upon, averaging 4.5 PPG and 2.1 APG with a .503/.464/.800 shooting line.

While it’s a low-cost investment for the Pistons, it’s a somewhat curious one. The team was already well-stocked at the point guard spot, with Reggie Jackson and Ish Smith atop the depth chart and Langston Galloway occasionally getting ball-handling duties too. However, it’s possible Detroit has another move in mind. The club is exploring possible trades, according to Rod Beard of The Detroit News (Twitter link), who identifies Smith, Galloway, and Jon Leuer as potential chips.

Calderon figures to take Dwight Buycks‘ place on Detroit’s roster. Buycks has a $1.6MM non-guaranteed salary for next season, but waiving him would help give the Pistons a little extra distance below the tax line, as ESPN’s Bobby Marks details (via Twitter).

Wolves Sign Anthony Tolliver

July 2nd, 2018 at 2:25pm CST by Luke Adams

JULY 8: The Tolliver signing is now official, according to the NBA’s transactions log.

JULY 2: The Timberwolves have withdrawn their qualifying offer for Nemanja Bjelica, reports ESPN’s Adrian Wojnarowski (via Twitter). The move will make Bjelica an unrestricted free agent, with Minnesota losing the right of first refusal.

With Bjelica expected to land elsewhere, the Wolves will fill his spot on the roster by signing Anthony Tolliver.

Shams Charania of Yahoo Sports first reported (via Twitter) that Minnesota was nearing an agreement on a one-year deal with Tolliver, while David Aldridge of TNT confirms (via Twitter) that they’ve come to terms.

According to Charania (via Twitter), Tolliver’s new one-year contract with the Timberwolves will be in the $5-6MM range, so it sounds like the team will sign him using its mid-level exception.

If the Wolves want to avoid becoming hard-capped for the 2018/19 league year, they’d have to ensure that Tolliver’s salary doesn’t exceed $5.337MM, the value of the taxpayer mid-level exception. However, Jon Krawczynski of The Athletic (Twitter link) pegs the value at $5.75MM. That would mean dipping into the full MLE and creating a hard cap.

The Timberwolves made Tolliver a priority when the free agent period opened, according to Darren Wolfson of 5 Eyewitness News, who tweets that Tom Thibodeau had two separate phone calls with the veteran forward. Tolliver also drew interest from the Clippers, Mavericks, and Sixers, but liked the idea of returning to Minnesota, where he spent two seasons earlier in his career.

In 2017/18, Tolliver – the No. 43 free agent on our top-50 list – enjoyed perhaps his best NBA season for the Pistons. Appearing in 79 regular season games, he averaged 8.9 PPG and 3.1 RPG with a shooting line of .464/.436/.797. His ability to stretch the floor will benefit the Wolves, particularly with Bjelica no longer in the mix.

Bjelica, 30, averaged 6.8 PPG and 4.1 RPG in 20.5 minutes per contest (67 games) for the Wolves last season. His .415 3PT% should appeal to teams in the market for a stretch four, especially now that he’s an unrestricted free agent.

Photo courtesy of USA Today Sports Images.