Transactions Rumors | Hoops Rumors

Suns Sign Thaddeus Young

February 20th, 2024 at 3:07pm CST by Luke Adams

FEBRUARY 20: The Suns have officially signed Young, announcing the deal in a press release. That means he’ll be available for Phoenix when the club’s post-All-Star schedule gets underway on Thursday, as Duane Rankin of The Arizona Republic writes.

“Thad is a highly respected veteran player who makes us a better team in our pursuit of winning an NBA Championship,” general manager James Jones said in a statement. “Thad is extremely intelligent and plays with a competitive intensity. His size and defensive abilities add versatility to our roster.”

FEBRUARY 13: The Suns are finalizing a deal to sign free agent forward Thaddeus Young, according to Adrian Wojnarowski of ESPN (Twitter link).

Young had been with the Raptors for the past two years, but was traded to Brooklyn at last week’s deadline along with Dennis Schröder in exchange for Spencer Dinwiddie. The Nets opted to waive Young, who was on an expiring $8MM contract, in order to open up a roster spot to complete the deal that sent Royce O’Neale to Phoenix in exchange for draft picks and two incoming players.

A veteran in his 17th NBA season, Young hasn’t been a regular starter since 2018/19 and played a limited role in Toronto this season. He averaged 5.0 points, 3.3 rebounds, and 2.2 assists in 15.2 minutes per game across 23 appearances (six starts), shooting a career-high 62.1% from the floor.

Young is unlikely to play major minutes in Phoenix either, but will provide some additional frontcourt depth and veteran leadership on a team with title aspirations. In addition to playing at forward, the 35-year-old can also function as a small-ball five.

The Suns have two open spots on their 15-man roster after trading away four players at the deadline for O’Neale and David Roddy, so no corresponding move will be necessary to create room for Young.

Due to a new rule related to the buyout market, Phoenix is ineligible to sign a player cut during the season if his pre-waiver salary exceeded the amount of the non-taxpayer mid-level exception ($12.4MM), but that restriction doesn’t apply to Young, who was earning less than that.

Hornets Sign Marques Bolden To 10-Day Deal

February 20th, 2024 at 11:05am CST by Luke Adams

11:05am: The Hornets have made it official, announcing in a press release that Bolden has signed his 10-day contract. It will run through February 29.

7:36am: The Hornets are set to sign big man Marques Bolden to a 10-day contract, agent Michael Johnson Jr. tells Shams Charania of The Athletic (Twitter link).

Bolden, 25, has past NBA experience with the Cavaliers and was on a two-way contract with Milwaukee earlier this season. However, he only appeared briefly in two games with the Bucks before being waived on January 7 before his full-season salary could become guaranteed.

Bolden has spent most of the season in the G League playing for the Wisconsin Herd, Milwaukee’s affiliate. In 31 Showcase Cup and regular season contests, he has averaged 13.3 points, 7.7 rebounds, and 1.6 blocks in 25.0 minutes per game, with a shooting line of .554/.404/.743.

As Charania observes, the center has played some of his best basketball of the season as of late, averaging 17.0 points and 13.8 rebounds during the Herd’s current six-game winning streak, with double-doubles in all six of those victories.

Bolden will provide some depth in a frontcourt that has been impacted by Mark Williams‘ lengthy absence due to a back injury. Nick Richards has been starting in Williams’ place, but the Hornets don’t have a ton of options at the five beyond that, especially with P.J. Washington no longer around to occasionally act as a small-ball center. That means there could be a path for Bolden to earn playing time.

No roster move will be necessary for the Hornets, who have been carrying 14 players since buying out Kyle Lowry last week.

Cavaliers Sign Pete Nance To Two-Way Deal

February 19th, 2024 at 3:50pm CST by Rory Maher

The Cavaliers have signed free agent forward Pete Nance to a two-way contract, the team announced in a press release.

An undrafted rookie who played four college seasons at Northwestern and a fifth at North Carolina, Nance made two brief appearances with the Cavs last month while on a 10-day contract. That deal expired on January 27, making Nance an unrestricted free agent.

Nance was signed to an Exhibit 10 contract in September by the Cavs, then waived during training camp. He has spent the majority of 2023/24 with the Cleveland Charge, the Cavs’ G League affiliate.

In 29 Showcase Cup and regular season games with the Charge, he has averaged 13.6 PPG, 7.9 RPG, 3.1 APG and 1.5 BPG on .471/.353/.795 shooting.

The Cavs had an open two-way slot after promoting Craig Porter, so no further roster moves were necessary to sign Nance, who turned 24 years old today. Nance is the son of former Cavs legend Larry Nance and the younger brother of Larry Nance Jr., who spent parts of four seasons with Cleveland.

Danilo Gallinari Signs With Bucks

February 18th, 2024 at 5:59pm CST by Dana Gauruder

FEBRUARY 18: Gallinari’s deal with the Bucks is official, according to NBA.com’s transaction log.

FEBRUARY 15: Free agent forward Danilo Gallinari is signing with the Bucks, ESPN’s Adrian Wojnarowski reports (via Twitter).

Gallinari chose Milwaukee over several other suitors because of the opportunity to play in coach Doc Rivers‘ frontline rotation, Wojnarowski adds. The veteran played for Rivers during his time with the Clippers in 2017-19.

Gallinari, who didn’t play at all last season due to a torn ACL, will be wearing his third different Eastern Conference uniform this season. The 35-year-old appeared in 26 games with the Wizards before he was traded last month to Detroit

Gallinari saw action in six games with the Pistons, who waived him after the trade deadline due to a roster crunch. In those combined 32 games, he has averaged 7.3 points, 2.8 rebounds and 1.3 assists in 14.8 minutes per night, with a shooting line of .451/.355/.850. Gallinari was on an expiring $6,802,950 contract before the Pistons waived him.

Milwaukee is an apron team but is allowed to sign Gallinari since his prior salary was $6.8M– below the $12.4MM non-tax mid-level exception. He’ll get the prorated veteran’s minimum and there is no set-off from his remaining salary owed by the Pistons, according to ESPN’s Bobby Marks (Twitter link).

The Bucks had a roster spot available after trading little-used backup center Robin Lopez last week to the Kings, who later waived him.

The Bulls were one of the other teams eyeing Gallinari, K.C. Johnson of NBC Sports Chicago tweets. The Suns also reportedly showed interest in Gallinari, a career 38.2% 3-point shooter, as did the Clippers, according to Bucks guard Patrick Beverley, and the Cavaliers, per Shams Charania of The Athletic (Twitter link).

Heat Sign Guard Delon Wright

February 18th, 2024 at 5:45pm CST by Dana Gauruder

The Heat have officially signed guard Delon Wright, according to a team press release.

Wright, a nine-year NBA veteran, has appeared in 494 career NBA games (84 starts) and averaged 7.0 points, 3.2 rebounds, 3.1 assists, 1.22 steals and 20.8 minutes.

The Wizards bought out Wright on Friday and waived him. ESPN’s Adrian Wojnarowski reported on the same day that the guard intended to sign with Miami.

Wright received the prorated veteran’s minimum, Anthony Chiang of the Miami Herald tweets.

Wright had been with the Wizards since signing a two-year, $16MM contract with the club as a free agent in 2022. The 31-year-old appeared in 83 total games for Washington across those two seasons, averaging 6.1 points, 3.3 assists, 2.9 rebounds, and 1.5 steals in 20.2 minutes per game, with a shooting line of .450/.350/.854.

Wright had an expiring $8.2MM deal prior to the buyout. After averaging 15.1 minutes per contest in his first 29 games this season, Wright logged just 18 total minutes in the Wizards’ first four games after the trade deadline, signaling that he was no longer part of their plans, so his buyout agreement didn’t come as a huge surprise.

The Heat were looking for point guard depth following Dru Smith‘s season-ending injury and the January trade sending Kyle Lowry to Charlotte, as well as injuries to Terry Rozier and Josh Richardson.

The Heat had an open spot on their 15-man roster, which is now full. Miami was permitted to sign Wright despite being over the first tax apron because his pre-waiver salary was less than this season’s non-taxpayer mid-level exception ($12.4MM).

Pelicans Sign Jeremiah Robinson-Earl To Two-Year Contract

February 17th, 2024 at 11:37am CST by Rory Maher

FEBRUARY 17: The Pelicans have officially converted Robinson-Earl to a standard contract, according to a press release from the team.

FEBRUARY 16: The Pelicans plan to promote forward/center Jeremiah Robinson-Earl to a two-year standard contract, reports Shams Charania of The Athletic (via Twitter). Robinson-Earl is currently on a two-way deal with New Orleans.

A league source tells Christian Clark of NOLA.com that the second season of Robinson-Earl’s new contract (2024/25) will be a team option (Twitter link).

After playing two college seasons at Villanova, Robinson-Earl was selected with the 32nd pick of the 2021 draft. He spent his first two NBA seasons with the Thunder, but he was traded to Houston in October and subsequently released by the Rockets before the 2023/24 season began. The 23-year-old caught on with the Pelicans the following week, with the deal made official on his birthday (November 3).

A 6’9″ big man, Robinson-Earl hasn’t played much for New Orleans this season, logging just 10.0 MPG across 21 appearances. He has averaged 3.7 PPG and 2.3 RPG over that span, with an impressive .517/.364/.909 shooting line, though the sample size is very small.

The Pelicans have two openings on their standard roster, so they won’t need to waive anyone to convert Robinson-Earl. In addition to a standard roster spot, they’ll also have an open two-way slot once the move is official.

As our tracker shows, Robinson-Earl will be the 12th player to be promoted from a two-way deal to a standard contract in 2023/24. Trail Blazers big man Duop Reath is the 11th, having agreed to a three-year deal with Portland this afternoon.

Trail Blazers Sign Duop Reath To Three-Year Deal

February 16th, 2024 at 10:00pm CST by Luke Adams

10:00pm: Reath’s promotion to a standard contract is official, the Blazers announced in a press release.

1:50pm: The Trail Blazers are promoting Duop Reath to their standard roster, according to Adrian Wojnarowski of ESPN, who reports (via Twitter) that the rookie center has agreed to a three-year contract with the club.

Reath, 27, signed a two-way contract with the Blazers in October and has emerged as a regular part of the team’s frontcourt rotation, appearing in 40 games so far this season, including 11 starts. He has averaged 8.9 points, 3.8 rebounds, and 1.1 assists in 17.4 minutes per night, with a shooting line of .475/.385/.741.

As Wojnarowski observes (Twitter link), Reath’s path to his first standard NBA contract has been an unorthodox one. He and his family fled South Sudan for a refugee camp in Kenya when he was nine years old and ultimately relocated to Australia.

After later moving to America, Reath spent two seasons at Lee College in Texas, then transferred to LSU for two more years. He went undrafted in 2018 and played professionally in Serbia, Australia, China, and Lebanon from 2018-23 before catching on with Portland. The big man was in camp with the Blazers on a non-guaranteed contract, but made enough of an impression to earn a two-way deal and has now received another promotion.

While the exact terms of Reath’s new contract aren’t yet known, the Blazers will use a portion of their mid-level exception in order to sign him for more than two seasons. The deal will be guaranteed for the rest of this season, and I’d expect it to include at least a partial guarantee for 2024/25.

The Blazers currently have a full 15-man roster, but Ashton Hagans‘ 10-day contract with the club will expire on Saturday night, opening up a spot for Reath.

Delon Wright Bought Out By Wizards, Plans To Sign With Heat

February 16th, 2024 at 4:02pm CST by Luke Adams

4:02pm: The Wizards have officially waived Wright, the team confirmed today in a press release.

2:08pm: Veteran guard Delon Wright has reached an agreement on a contract buyout with the Wizards, agent Greg Lawrence tells ESPN’s Adrian Wojnarowski (Twitter link). According to Wojnarowski, Wright intends to sign with the Heat after he clears waivers.

Wright, 31, has been with the Wizards since signing a two-year, $16MM contract with the club as a free agent in 2022. He appeared in 83 total games for Washington across those two seasons, averaging 6.1 points, 3.3 assists, 2.9 rebounds, and 1.5 steals in 20.2 minutes per game, with a shooting line of .450/.350/.854.

Viewed as an obvious trade candidate this season due to his expiring $8.2MM deal and the Wizards’ place near the bottom of the NBA standings, Wright was mentioned in several rumors leading up to last Thursday’s deadline.

However, he stayed put, with Josh Robbins of The Athletic subsequently reporting that the offers Washington received for the 31-year-old were “underwhelming” and would’ve required the Wizards to take on salary beyond this season.

After averaging 15.1 minutes per contest in his first 29 games this season, Wright logged just 18 total minutes in the Wizards’ first four games after the trade deadline, signaling that he was no longer part of their plans, so his buyout agreement doesn’t come as a huge surprise.

Wright has a somewhat limited offensive game, but is a solid passer who takes care of the ball and can make an open three-point shot. Much of his value stems from his play on the other end of the court, where he’s an active, versatile perimeter defender.

He’ll join a Heat team that lacks depth at the point guard position following Dru Smith‘s season-ending injury and the January trade sending Kyle Lowry to Charlotte. Players like Terry Rozier, Tyler Herro, and Josh Richardson have played the position for Miami this season, but none are prototypical point guards, and Rozier and Richardson are both currently injured. Wright will give the club another ball-handling option in that role.

The Heat have an open spot on their 15-man roster, so no corresponding move will be necessary to make room for Wright. Miami is permitted to sign Wright despite being over the first tax apron because his pre-waiver salary was less than this season’s non-taxpayer mid-level exception ($12.4MM).

Filling their 15th roster spot will allow the Heat to use their two-way players in up to 50 games apiece, Barry Jackson of The Miami Herald notes (via Twitter). As long as Miami had an open roster spot, those three players will limited to a combined total of 90 games played.

The Wizards will have just 13 players on standard contracts once they officially waive Wright. They’ll have up to two weeks to re-add a 14th man.

Cavs Sign Craig Porter Jr. To Four-Year Contract

February 14th, 2024 at 12:00pm CST by Dana Gauruder

FEBRUARY 14: Porter’s deal is now official, per NBA.com’s transaction log.

FEBRUARY 13: The Cavaliers are converting Craig Porter Jr.‘s two-way contract into a standard deal, Chris Fedor of the Cleveland Plain Dealer reports (via Twitter). Porter will receive a four-year contract.

Porter has been one of the more pleasant surprises for the Cavs this season. The former Wichita State point guard went undrafted after playing three seasons with the Shockers. He agreed to a two-way deal with Cleveland shortly after the draft.

The 23-year-old point guard has appeared in 32 NBA games in his rookie year, including five starts. He’s averaged 6.5 points, 2.8 assists and 2.5 rebounds in 14.7 minutes per game.

Porter unexpectedly played a rotation role earlier in the season when primary backup point guard Ricky Rubio left the team for mental health reasons and third-string point guard Ty Jerome suffered an ankle injury. Porter continued to see regular minutes when Darius Garland missed several weeks due to a broken jaw, though his playing time has been cut back as of late now that the roster is healthier.

Cleveland has an open roster spot despite signing Zhaire Smith to a 10-day contract on Sunday.

Porter’s deal will come out of the mid-level exception. The Cavs used a portion of it during the 2023 offseason to sign Georges Niang, but still have more than enough left to accommodate a new deal for the rookie.

Kyle Lowry Officially Signs With Sixers

February 13th, 2024 at 6:19pm CST by Luke Adams

After clearing waivers on Tuesday, free agent guard Kyle Lowry has officially signed with the Sixers as planned, Derek Bodner of PHLY Sports confirms (via Twitter). President of basketball operations Daryl Morey published an Instagram photo showing Lowry signing his contract.

Lowry was traded from Miami to Charlotte for salary-matching purposes in the January deal that sent Terry Rozier to the Heat. The veteran point guard never suited up for the Hornets, who explored the possibility of flipping him to a new team prior to the trade deadline, but couldn’t find a taker due to his $29.7MM cap hit.

Lowry reached a buyout agreement with Charlotte a couple days later and was officially waived on Sunday.

A six-time All-Star and former NBA champion, Lowry will turn 38 next month and is no longer the impact player he was earlier in his career. He averaged just 8.2 points, 4.0 rebounds, and 3.5 assists in 28.0 minutes per game across 37 appearances (35 starts) with Miami this season. All of those averages are his lowest since 2008/09.

Still, Lowry is a tough, savvy veteran who is hitting three-pointers at a 38.5% clip this season. He’ll provide some depth in a Sixers backcourt that no longer features Patrick Beverley or Jaden Springer, who were sent out in deadline deals. Lowry and new addition Cameron Payne figure to back up Tyrese Maxey at the point and will likely spend some time playing alongside Maxey.

As Keith Smith of Spotrac tweets, Lowry gave up $1,138,964 in his buyout agreement with Charlotte. That’s the exact amount he’d receive on a prorated minimum-salary deal for the rest of the 2023/24 season, but ESPN’s Adrian Wojnarowski reported on Saturday that the guard’s rest-of-season contract will actually be worth $2.8MM, which suggests it’s coming out of the 76ers’ mid-level exception.