Transactions Rumors | Hoops Rumors

Jazz Sign Jairus Lyles To Exhibit 10 Contract

July 12th, 2018 at 8:06pm CST by Arthur Hill

8:06pm: Lyles has an Exhibit 10 contract, according to Jones (Twitter link). He can make between $5K and $50K if he is waived by the Jazz, is assigned to the team’s G League affiliate and spends at least 60 days there.

JULY 12, 6:57pm: The Jazz have signed UMBC guard Jairus Lyles, the team announced on its website. Terms of the deal were not released, so it’s not clear if Lyles will receive any guaranteed money.

It’s not a two-way contract, tweets Tony Jones of the Salt Lake Tribune, who suggests it’s a path to get Lyles to the organization’s G League affiliate.

The 23-year-old is playing for Utah’s team in the Las Vegas Summer League, posting 11 points, four rebounds and four assists in his only appearance. He also played in two games in the Utah Jazz Summer League.

Lyles gained national prominence after his UMBC team upset top-seeded Virginia in this year’s NCAA Tournament. He put up a 20.2/5.5/3.5 line in 33 games with the Retrievers.

Bulls Rescind QO For David Nwaba

July 12th, 2018 at 7:31pm CST by Arthur Hill

The Bulls have rescinded their qualifying offer for David Nwaba, tweets Shams Charania of Yahoo Sports. The second-year guard will now be an unrestricted free agent.

Nwaba was productive in his lone season with the Bulls, starting 21 of 70 games and averaging 7.9 points and 4.7 rebounds per night. Chicago claimed him off waivers last summer after he spent his rookie season with the Lakers.

The unrestricted status should improve the offers for Nwaba, who has reportedly already received a “barrage” of interest from around the league. Nwaba ranks 42nd on our list of the Top 50 Free Agents of 2018.

Friday is the deadline for teams to rescind qualifying offers for NBA and two-way restricted free agents. Any QOs kept active after tomorrow cannot be withdrawn for the remainder of the summer without the player’s consent.

Nets Sign Dzanan Musa To Rookie Contract

July 12th, 2018 at 2:50pm CST by Luke Adams

Nets first-round pick Dzanan Musa has officially signed his first NBA contract, according to tweets from agent Misko Raznatovic and Musa himself. Musa was the last of 2018’s first-rounders who had yet to sign his rookie deal, so all 30 of those players are now under contract.

Musa, a 6’9″ Bosnian wing, declared as an early entrant for this year’s draft after spending the last three seasons with KK Cedevita in Croatia. Musa’s squad won the Croatian League championship in each of those three years, and the youngster was named the EuroCup Rising Star in 2018, an honor previously earned by the likes of Kristaps Porzingis, Jonas Valanciunas, and Donatas Motiejunas.

The Nets won’t be counting on Musa, one of the youngest players in this year’s draft class, to make an immediate impact, but his size and scoring ability make him an intriguing prospect.

Musa, the 29th overall pick, figures to earn about $1.63MM in his rookie season, while his four-year deal with Brooklyn will be worth approximately $9.16MM in total. It includes two guaranteed seasons, with team options in years three and four.

With Musa locked up, the Nets figure to shift their focus to making things official with second-rounder Rodions Kurucs. The club reportedly agreed to terms with him on a four-year deal shortly after the draft — Emiliano Carchia of Sportando reported today that Brooklyn also finalized a $750K buyout agreement with Barcelona, Kurucs’ old team.

Bulls Waive Sean Kilpatrick

July 12th, 2018 at 1:10pm CST by Luke Adams

The Bulls have waived veteran guard Sean Kilpatrick, the team announced today (via Twitter). The club now has 14 players under contract, not counting restricted free agents David Nwaba or Ryan Arcidiacono.

Kilpatrick, 28, had an eventful 2017/18 campaign. After starting the season with the Nets, he was waived by Brooklyn and signed a two-way contract with the Bucks. Milwaukee converted his two-way deal to a standard NBA contract in January, then waived him in March. Kilpatrick subsequently inked a pair of 10-day contracts with the Clippers before finally joining the Bulls on a multiyear contract.

In 52 total games with four teams last season, Kilpatrick averaged 6.3 PPG and 1.7 RPG in 12.3 minutes per contest. He was at his best in Chicago, posting 15.4 PPG on .439/.396/.813 shooting in nine games with the Bulls, but it seems that wasn’t enough to earn him a roster spot for 2018/19.

Kilpatrick’s $2MM+ salary for 2018/19 was non-guaranteed, so Chicago won’t be on the hook for any of it. However, the Bulls – who were under the salary floor for 2017/18 when they signed him – paid the well-traveled guard a generous $2.16MM salary for nine games last season.

With Kilpatrick no longer on their books, the Bulls can create up to nearly $16MM in cap space for 2018/19 by renouncing various exceptions and Noah Vonleh’s cap hold. That figure could increase to approximately $19MM if the club waives its other non-guaranteed players (Julyan Stone and Paul Zipser), even with Nwaba’s qualifying offer still on the cap.

Thunder Re-Sign Raymond Felton

July 12th, 2018 at 10:50am CST by Luke Adams

JULY 12: The Thunder have officially re-signed Felton, the team announced today in a press release.

JULY 3: The Thunder have agreed to terms with Raymond Felton, who will return to Oklahoma City for the 2018/19 season, reports ESPN’s Adrian Wojnarowski. Felton will ink a one-year, minimum salary deal, per Wojnarowski.

Felton, 34, served as Russell Westbrook‘s primary backup at the point in 2017/18, and the Thunder liked his performance enough to bring him back for another year. Felton appeared in all 82 games for OKC, averaging 6.9 PPG and 2.5 APG with a .406/.352/.818 shooting line.

Felton’s return doesn’t come as a real surprise, according to Alex Kennedy of HoopsHype, who notes (via Twitter) that the veteran point guard recently participated in a five-on-five scrimmage as if he was still on the team when the Thunder brought in some free agents for a workout.

With Felton set to receive another minimum salary contract, his new deal pushes the Thunder’s total projected bill for their 2018/19 roster above $300MM, tweets ESPN’s Bobby Marks. Oklahoma City is expected to make cost-cutting moves at some point, but for now they’re carrying about $150MM in salary and another $150MM in projected tax penalties, with new agreements for Paul George, Jerami Grant, Nerlens Noel, and Felton taken into account.

Wizards Officially Sign Dwight Howard

July 12th, 2018 at 8:41am CST by Luke Adams

A three-week saga that saw Dwight Howard traded by one team, bought out by a second team, and signed by a third team has come to an end. According to the NBA’s official transactions log, Howard formally signed his new contract with the Wizards on Wednesday.

Howard, who had initially been owed nearly $24MM as he entered a contract year, was traded from the Hornets to the Nets in a deal that saw Charlotte acquire Timofey Mozgov, a pair of second-round picks, and $5MM in cash. While that trade was agreed upon before June’s draft, it couldn’t be finalized until July for salary cap reasons.

The former No. 1 overall pick was subsequently bought out by the Nets, giving back a reported $5MM to the team in that agreement. After clearing waivers earlier this week, Howard was able to officially finalize his new contract agreement with the Wizards, a two-year deal that will use the taxpayer mid-level exception.

As our chart of this year’s mid-level values shows, the contract will pay him $5,337,000 in 2018/19, with a 2019/20 player option worth $5,603,850.

Howard projects to slot in as the Wizards’ starting center after the team traded former starter Marcin Gortat to the Clippers in a June deal. Based on Washington’s current roster, Howard would be backed up by Ian Mahinmi, Jason Smith, and Thomas Bryant at the center position.

While Howard has seemingly worn out his welcome at his last several NBA stops, the 32-year-old remains a productive NBA center and should provide the Wizards with a big man who can finish at the rim, grab double-digit rebounds, and block some shots. Last season in Charlotte, Howard averaged 16.6 PPG, 12.5 RPG, and 1.6 BPG in 81 starts (30.4 MPG).

Having added Howard, Austin Rivers, Jeff Green, and rookie Troy Brown so far this offseason, the Wizards are up to 14 players with a team salary approaching $135MM. Barring cost-cutting moves, Washington figures to be a taxpayer again in 2018/19. If the team wants to fill out the last spot on its roster, it will only have the minimum salary exception available to do so.

Photo courtesy of USA Today Sports Images.

Heat Withdraw Derrick Walton’s Qualifying Offer

July 11th, 2018 at 7:59pm CST by Luke Adams

The Heat have withdrawn Derrick Walton‘s qualifying offer, making him an unrestricted free agent, according to RealGM’s log of official NBA transactions.

A two-way player for Miami last season, Walton received a qualifying offer to make him a restricted free agent. The qualifying offer was a one-year, two-way contract with a $50K guarantee, and gave the Heat the ability to match any offer sheet Walton signed with another team. However, Miami has apparently given up its right of first refusal by rescinding its QO.

Teams around the NBA have until this Friday to withdraw qualifying offers for NBA and two-way restricted free agents. If clubs keep their QOs on the table beyond that date, they can’t be withdrawn without the player’s consent for the rest of the summer.

Walton, 23, saw limited action in 16 games for the Heat last season, playing more extensively for the club’s G League affiliate, the Sioux Falls Skyforce. In 27 NBAGL contests, the point guard averaged 16.1 PPG and 7.0 APG with a .442/.377/.902 shooting line.

Duncan Robinson is currently occupying one of the Heat’s two-way contract slots. With Walton seemingly no longer in the mix for the other spot, Miami should have a two-way opening going forward.

Rockets Sign Forward James Ennis

July 11th, 2018 at 4:36pm CST by Luke Adams

JULY 13, 6:57pm: The signing is official, according to Jonathan Feigen of the Houston Chronicle.

JULY 11, 4:36pm: The Rockets will sign free agent forward James Ennis, according to Shams Charania of Yahoo Sports, who reports (via Twitter) that Houston and Ennis have agreed to a two-year deal. The second year will be a player option, Charania adds.

Ennis is a logical three-and-D addition for a Rockets team that has lost Trevor Ariza and Luc Mbah a Moute on the wing so far this offseason. A career 35.9% shooter from three-point range, Ennis averaged 7.1 PPG and 3.1 RPG in 72 total games last year with the Grizzlies and Pistons.

Although Ennis was inconsistent from beyond the arc after arriving in Detroit in a deadline trade, the Pistons were said to have “significant interest” in re-signing him entering free agency. Upon officially hitting the market, Ennis reportedly drew interest from the Sixers, Nets, Pelicans, Timberwolves, and Rockets. The Kings also made a strong push for Ennis in recent days, per Charania, but Houston ultimately won out.

According to Jonathan Feigen of The Houston Chronicle, the Rockets were able to secure Ennis for the veteran’s minimum, which means his deal will be worth about $3.47MM over two years. That would be a big win for Houston, as the team will still have its full taxpayer mid-level exception ($5.337MM) available to offer other free agents.

According to Ian Begley of ESPN.com though, Ennis’ two-year deal will be worth about $4MM, which would require a portion of the MLE unless some generous rounding is involved. We’ll await further clarification.

Having re-signed Chris Paul and Gerald Green, Houston’s main focus in free agency now will be retaining restricted free agent Clint Capela. However, as their deal with Ennis shows, the Rockets still have the flexibility to fill in other holes in their roster while they try to find common ground with Capela. The club is viewed as the frontrunner to land Carmelo Anthony when he reaches the open market.

Photo courtesy of USA Today Sports Images.

Spurs Sign First-Rounder Lonnie Walker

July 11th, 2018 at 4:01pm CST by Luke Adams

The Spurs have officially signed first-round pick Lonnie Walker to his first NBA contract, the team announced today in a press release. San Antonio has been formally finalizing many of its contract agreements today, having already confirmed new deals for Rudy Gay and Davis Bertans.

Walker, the 18th overall pick in this year’s draft, played his lone college season at Miami, averaging 11.5 PPG, 2.6 RPG, and 1.9 APG for the Hurricanes. Though his numbers as a freshman weren’t great, the 6’4″ shooting guard always projected as a first-rounder due to his impressive upside and wingspan.

Like other first-round picks, Walker will get a rookie contract that features two guaranteed seasons, with team options on years three and four. Assuming he signed for the full 120% of the rookie scale, Walker will be in line for a first-year salary of approximately $2.36MM. His four-year deal will be worth about $12.46MM in total.

With Walker officially locked up, only one 2018 first-rounder – 29th overall pick Dzanan Musa (Nets) – remains unsigned.

Spurs Re-Sign Davis Bertans

July 11th, 2018 at 2:51pm CST by Luke Adams

JULY 11: The Spurs’ two-year, guaranteed deal with Bertans is now official, according to his agent Arturs Kalnitis (Twitter link).

JULY 10: According to Shams Charania of Yahoo Sports, Bertans’ new deal with the Spurs is for $14.5MM over two seasons.

JULY 9: After declining to match Kyle Anderson‘s offer sheet with the Grizzlies, the Spurs won’t let a second restricted free agent get away. According to Emiliano Carchia of Sportando, San Antonio has agreed to terms on a new contract with forward Davis Bertans. While it’s not official yet, the two sides are expected to complete a four-year, $20MM deal, per Carchia.

Bertans, 25, played regular minutes for the Spurs in 2017/18, averaging 5.9 PPG and 2.0 RPG with a .440/.373/.816 shooting line in 77 games (14.1 MPG). A 6’10” power forward, Bertans is capable of guarding frontcourt players on defense and stretching the floor on offense (1.2 threes per game).

Reports over the last week or two linked Bertans to the Jazz, Nets, and Timberwolves. However, Utah elected not to aggressively pursue outside free agents and the Wolves addressed their need for a stretch four by adding Anthony Tolliver. The Nets had cap room available to push the Spurs on Bertans, but appear to be biding their time and considering their options for their remaining space.

San Antonio will increase its team salary to approximately $110MM with Bertans back on the books. The team holds his Early Bird rights, so it can go over the cap to re-sign him without using another exception like the mid-level.

The Spurs entered the offseason with qualifying offers out to three restricted free agents. Although Anderson got away, the team appears poised to re-sign Bertans and is in a good position to retain Bryn Forbes as well.