Transactions Rumors | Hoops Rumors

Cavaliers Sign Collin Sexton To Rookie Contract

July 4th, 2018 at 12:07pm CST by Luke Adams

The Cavaliers have officially signed their first-round pick, former Alabama guard Collin Sexton, to his rookie contract, the team announced today in a press release. Joe Vardon of Cleveland.com first reported that the deal was done.

Sexton, the eighth overall pick, landed in Cleveland by way of last year’s Kyrie Irving blockbuster, which sent the Nets’ 2018 first-round selection from Boston to Cleveland. The Cavs’ new point guard will also wear Irving’s old No. 2 on his jersey.

The third point guard selected in the 2018 draft after Luka Doncic and Trae Young, Sexton enjoyed a productive freshman year at Alabama, averaging 19.2 PPG, 3.8 RPG, and 3.6 APG in 33 games. He declared for the draft and went pro after just one college season.

As our breakdown of rookie salaries shows, Sexton will be in line for a first-year salary exceeding $4MM, with an overall value of $20MM on his four-year rookie contract. The first two years of the deal will be guaranteed, with team options for years three and four.

Joffrey Lauvergne Finalizes Deal With Fenerbahce

July 4th, 2018 at 8:23am CST by Luke Adams

Former Spurs big man Joffrey Lauvergne officially has a new team, according to agent Misko Raznatovic, who tweets that his client has signed a two-year contract with Turkey’s Fenerbahce. The club has officially confirmed the signing as well (via Twitter).

Lauvergne, who signed a minimum-salary contract with the Spurs a year ago, played just 9.7 minutes per contest in 55 games for the club, averaging 4.1 PPG and 3.1 RPG.

Although Lauvergne had a player option for 2018/19 and could have remained in San Antonio, he turned down that option, with reports at the time suggesting he was on track to complete a deal with Fenerbahce. While it’s not clear how his new salary will compare to his $1.656MM option, Lauvergne will be on track for a larger role in Turkey.

Lauvergne has had a well-traveled professional career since 2009, playing for teams in France, Spain, Serbia, and Russia before arriving in the NBA in February 2015. Over the course of his four-season NBA career, Lauvergne was unable to find a long-term home or a consistent role, having spent time with Denver, Oklahoma City, and Chicago in addition to San Antonio.

Knicks Sign Allonzo Trier To Two-Way Deal

July 3rd, 2018 at 6:15pm CST by Arthur Hill

JULY 3: The Knicks have officially signed Trier to his two-way deal, the team announced in a press release. He’ll join Hicks in New York’s two-way slots, with Kornet getting a promotion to a standard NBA contract.

JUNE 21: Arizona’s Allonzo Trier will join the Knicks on a two-way contract, tweets Shams Charania of Yahoo Sports.

New York is currently at its allotment of two-way players with Luke Kornet and Isaiah Hicks, but both are on one-year deals, so Trier can be added when they expire at the end of June.

Trier, 22, missed part of his junior season after testing positive for a banned substance. He was second on the team in scoring at 18.1 points per game, trailing only tonight’s No. 1 pick, Deandre Ayton.

Knicks Sign Isaiah Hicks To Two-Way Deal

July 3rd, 2018 at 6:08pm CST by Luke Adams

6:08pm: Hicks has officially signed his two-way contract, the Knicks announced on Twitter.

10:20am: Power forward Isaiah Hicks, who played on a two-way contract for the Knicks last season, is expected to sign a new two-way deal with the team soon, reports ESPN’s Ian Begley (Twitter link).

Hicks’ previous two-way contract only covered a single season, so the Knicks issued the 23-year-old a qualifying offer at season’s end, making him a restricted free agent. With former two-way player Luke Kornet poised to join New York’s 15-man roster, Hicks and Allonzo Trier, who reached a deal with the Knicks in June, are expected to fill the team’s two-way slots for 2018/19.

Hicks, who will turn 24 later this month, appeared in 18 games for the Knicks in his rookie year, averaging 4.4 PPG and 2.3 RPG in 13.3 minutes per contest. He saw more action for the Westchester Knicks in the G League, posting 15.8 PPG, 7.8 RPG, and 2.1 BPG in 37 games with the club.

The Knicks entered the offseason with 12 players under contract. Now that Kornet, Mario Hezonja, and Kevin Knox are poised to take roster spots and Hicks and Trier will fill the club’s two-way slots, New York projects to have a full regular-season roster. The Knicks can carry a 20-man offseason roster, but will need to eventually waive or trade a player if they intend to sign second-round pick Mitchell Robinson to a spot on their 15-man regular-season squad, Begley notes (via Twitter).

Dante Exum Re-Signs With Jazz

July 3rd, 2018 at 5:03pm CST by Arthur Hill

JULY 6, 11:46am: Exum’s new contract is now official, the Jazz announced on their website.

JULY 3, 5:03pm: Free agent point guard Dante Exum has agreed to a three-year, $33M deal with the Jazz, tweets ESPN’s Adrian Wojnarowski.

A restricted free agent, Exum has been limited by injuries through most of his career. He appeared in just 14 games last season after a preseason shoulder injury that required surgery. However, he performed well enough in the playoffs for Utah to bring him back.

Exum, who turns 23 later this month, has averaged 5.7 PPG in four years with the Jazz. He sat out the entire 2015/16 season after tearing his left ACL.

Having entered the offseason intent on keeping their own free agents in the fold, the Jazz have now accomplished that goal. Before reaching a deal with Exum, they also agreed to terms with restricted free agent point guard Raul Neto and unrestricted big man Derrick Favors. Neto and Favors will each sign two-year contracts with non-guaranteed second years.

With the new deals for Favors, Neto, and Exum taken into account, Utah’s projected team salary is up to about $122MM, putting the team very close to the $123.7MM tax line. However, the Jazz could create a little more breathing room by waiving non-guaranteed players like Ekpe Udoh, David Stockton, and even Jonas Jerebko, which could generate the flexibility necessary to use their mid-level exception.

Photo courtesy of USA Today Sports Images.

Michael Porter Jr. Signs Rookie Deal With Nuggets

July 3rd, 2018 at 4:49pm CST by Arthur Hill

The Nuggets have signed first-round pick Michael Porter Jr. to a rookie contract, the team announced on its website.

Porter was projected as high as No. 2 in the draft, but concerns about his the condition of his back caused him to plummet all the way to 14th. He suffered a back injury that required surgery in his first college game, then played limited minutes in a pair of SEC and NCAA tournament contests.

Porter will receive $2,411,800 as a rookie and $2,824,500 in his second season. As with all first-rounders, his contract will have two guaranteed seasons, followed by two team option years.

Dwight Howard Finalizes Buyout Agreement, Will Sign With Wizards

July 3rd, 2018 at 4:11pm CST by Arthur Hill

4:34pm: Howard has finalized his buyout with the Nets and will sign a one-year deal with the Wizards for the MLE after he clears waivers, tweets Jared Weiss of The Athletic.

4:11pm: The Wizards plan to offer a contract to Dwight Howard once his expected buyout with the Nets is complete, according to Candace Buckner of The Washington Post.

Howard is technically still a member of the Hornets, but that will change once the moratorium is lifted on Friday. He will be sent to Brooklyn under a deal agreed to two weeks ago, then will hit the open market if buyout negotiations go as planned.

Washington still has its $5.3MM mini mid-level exception to offer, along with a starting job. The Wizards need help in the middle after trading Marcin Gortat to the Clippers for Austin Rivers .

A three-time Defensive Player of the Year, Howard could provide a defensive anchor and a strong rebounding presence in Washington. Regardless of where he ends up, Howard will be with his fourth team in four years, but he remains productive at age 32. He averaged 16.6 points and 12.5 rebounds in 81 games for Charlotte this season.

Photo courtesy of USA Today Sports Images.

Suns Sign Ayton, Bridges; King Gets Two-Way Deal

July 3rd, 2018 at 3:57pm CST by Luke Adams

The Suns have officially signed three of their four 2018 draft picks, according to RealGM’s transactions log. First-round selections Deandre Ayton and Mikal Bridges have inked their rookie deals with Phoenix, while second-rounder George King has finalized a two-way contract.

Ayton, the first overall pick in the draft, projects to be the Suns’ center of the future, with the team never wavering on using the No. 1 pick to select him over Marvin Bagley III, Luka Doncic, and other top prospects in the 2018 class. As our list of rookie scale salaries shows, Ayton will be in line for a first-year salary of $8MM+ and will earn more than $40MM over the course of his four-year rookie contract.

Bridges, meanwhile, was acquired in a draft-night trade with the Sixers. Phoenix gave up Miami’s unprotected 2021 first-round pick to move up from No. 16 to No. 10 to secure Bridges, an indication of how much they like him. The former Villanova forward will receive a $3.55MM first-year salary and a four-year contract worth $17.63MM in total.

While Bridges’ and Ayton’s first NBA contracts were locked in from the moment they were drafted, that wasn’t the case for King, the 59th overall pick, since there’s no set rookie scale for second-round selections. The former Colorado forward will slot into one of the Suns’ two-way contract openings during his rookie year.

The only unsigned Phoenix draftee now is Elie Okobo, the 31st overall pick. However, the two sides reportedly reached an agreement on a four-year deal shortly after the draft, so it should become official soon after the moratorium ends.

Jazz Sign Raul Neto To Two-Year Deal

July 3rd, 2018 at 3:37pm CST by Luke Adams

JULY 6, 11:48am: Neto’s new contract is now official, the Jazz announced on their website.

JULY 3, 3:37pm: The Jazz have reached a contract agreement with free agent point guard Raul Neto, reports ESPN’s Adrian Wojnarowski (via Twitter). According to Shams Charania of Yahoo Sports (via Twitter), Neto will sign a new two-year, $4.4MM contract with Utah. The second year will be non-guaranteed, tweets Jeff Zillgitt of USA Today.

Neto, 26, served as a backup point guard in Utah during the 2017/18 season, averaging 4.5 PPG and 1.8 APG in 41 games (12.1 MPG). He was a restricted free agent this summer after receiving a qualifying offer from the Jazz last week, and will be re-signed using his Bird rights.

Neto will be behind Ricky Rubio on the depth chart, and Donovan Mitchell will see plenty of ball-handling opportunities for Utah as well. Neto’s role will be determined in part on Dante Exum‘s status — the former fifth overall pick is also a restricted free agent, and the Jazz would like to re-sign him. If Exum returns, Neto’s minutes going forward will remain very limited.

The Jazz, who entered the offseason focused on retaining their own free agents, have now reached agreements with both Neto and Derrick Favors. Both contracts include non-guaranteed second years, allowing Utah to maximize its cap flexibility for 2019.

Wizards Sign Jeff Green

July 3rd, 2018 at 2:13pm CST by Luke Adams

JULY 10: The signing is now official, the club confirmed today in a press release.

JULY 3: The Wizards have agreed to a deal with free agent forward Jeff Green, reports TNT’s David Aldridge (Twitter link). A source tells Aldridge that Green is signing a one-year, minimum salary contract with Washington.

Green, 31, spent the 2017/18 season in Cleveland, averaging 10.8 PPG and 3.2 RPG in 78 games for the Cavaliers.

The Cavs reportedly had interest in retaining Green, but he’ll head to D.C., where the Wizards figure to slot him into a similar role to the one Mike Scott had last year off the bench. Scott agreed to a free agent deal with the Clippers on Monday.

Because he has at least 10 years of NBA experience, Green will qualify for the highest possible minimum salary, at $2,393,887. However, the former fifth overall pick will only against Washington’s cap for $1,512,601.

Even after agreeing to sign Green and claiming Thomas Bryant off waivers, the Wizards likely aren’t done addressing their frontcourt. Having sent Marcin Gortat to the Clippers last week, Washington only has Ian Mahinmi, Jason Smith, and Bryant at center.

The Wizards likely won’t have their full mid-level exception available, since they project to be over the tax line, but the team still has the taxpayer’s MLE ($5.337MM) if needed.

Photo courtesy of USA Today Sports Images.