Transactions Rumors | Hoops Rumors

Spurs Sign Luke Kornet To Four-Year Deal

June 30th, 2025 at 6:30pm CST by Eli Cohen

July 7: The signing is official, per the transaction log at NBA.com.

According to Fred Katz of The Athletic (Twitter link), Kornet’s deal is only fully guaranteed for two seasons, with a small partial guarantee ($2.55MM) on year three and a fourth-year team option. The contract has a descending structure, with a first-year cap hit of $11MM, Katz adds.

June 30: Free agent center Luke Kornet will head from Boston to San Antonio, according to Shams Charania of ESPN, who reports (via Twitter) that the Spurs and Kornet are in agreement on a four-year contract worth $41MM.

The fourth year of Kornet’s new deal, which figures to be completed using the non-taxpayer mid-level exception, will be a team option, per Michael Scotto of HoopsHype (Twitter link).

Kornet has played the last three-and-a-half seasons with the Celtics, carving out a role for himself as a valuable third-string center and averaging 10.2 minutes per game over the course of Boston’s title run in 2024.

Kornet averaged a career-high 18.6 minutes per game in 2024/25 due in part to Kristaps Porzingis‘ health issues. Boston had a +14.9 net rating during Kornet’s 1,361 minutes of action — no Celtics player had an individual net rating higher than that.

Despite coming into the league as a stretch five, the 7’2″ center has almost completely removed the three-point shot from his game, and instead has become more paint-focused while staying an imposing rim protector on defense.

Kornet has averaged one block per game in each of the last two seasons despite playing fewer than 20 minutes per night, and his defense was a notable contribution during the Celtics’ playoff series with the Knicks.

While the Celtics had hoped to retain the 29-year-old’s services, the Spurs quickly emerged as a prime target to make Kornet their backup center behind cornerstone Victor Wembanyama.

The Clippers were also said to have interest in Kornet, but ended up agreeing to terms with Brook Lopez.

Bucks Re-Sign Kevin Porter Jr. To Two-Year Deal

June 30th, 2025 at 6:22pm CST by Luke Adams

July 7: Porter has officially re-signed with the Bucks, according to NBA.com’s transaction log.

June 30: The Bucks and free agent guard Kevin Porter Jr. have agreed to a two-year deal worth $11MM, sources tell Shams Charania of ESPN (Twitter link).

Porter turned down a $2.55MM player option over the weekend in order to become a free agent. He’ll have an opportunity to return to the open market again in a year, as his new deal will feature a player option for 2026/27, per Charania.

Porter opened the 2024/25 season with the Clippers before being sent to Milwaukee at the trade deadline. He finished the season strong with the Bucks, averaging 11.7 points, 3.9 rebounds, and 3.7 assists in 19.9 minutes per game while shooting 49.4% from the floor, including 40.8% on threes.

The 25-year-old’s off-court history – ranging from a locker-room incident that ended his time in Cleveland to a domestic altercation that led to his exit from Houston – have limited his value to some extent in recent years, preventing him from securing big money or longer-term commitments. However, the Bucks liked their brief stint with Porter last season enough to move forward with him.

The Bucks will use the bi-annual exception to re-sign Porter, since they wouldn’t be able to complete the deal using his Non-Bird rights, notes Fred Katz of The Athletic (Twitter link). The BAE will be worth about $10.5MM over two seasons.

Bulls Re-Sign Tre Jones On Three-Year Contract

June 30th, 2025 at 6:20pm CST by Dana Gauruder

July 6: The signing is official, according to NBA.com’s transaction log. The deal includes a third-year team option, according to Michael Scotto of HoopsHype (Twitter link).

June 30: The Bulls have agreed to a three-year deal worth $24MM with one of their own free agents, guard Tre Jones, ESPN’s Shams Charania tweets.

Jones was acquired at the trade deadline from the Spurs in the three-team swap that sent Zach LaVine to Sacramento. In 18 appearances with Chicago, including nine starts, he averaged 11.5 points, 4.9 assists and 3.5 rebounds in 25.3 minutes per game while shooting 57.1 percent from the field.

Bulls head coach Billy Donovan repeatedly lauded the point guard down the stretch for his high basketball IQ and his knack for making winning plays.

This signing became increasingly likely in recent days. The agreed-upon deal sending Lonzo Ball to Cleveland opening up more backcourt minutes and Jones has an opportunity to fill them. Assuming restricted free agent Josh Giddey remains with the Bulls, Jones, entering his sixth NBA season, projects as the second unit point guard.

Jones spent his first four-and-a-half seasons with San Antonio. In 297 career regular season games, he has averaged 8.4 points and 4.7 assists in 21.7 minutes.

The Bulls held Jones’ Bird rights, so they won’t have to use any of their cap exceptions to complete the signing.

Mavericks Sign D’Angelo Russell To Two-Year Contract

June 30th, 2025 at 6:12pm CST by Rory Maher

July 6: Russell’s deal is official, according to the Mavericks (Twitter link).

June 30: The Mavericks are signing free agent guard D’Angelo Russell to a two-year contract, sources tell Shams Charania of ESPN (Twitter link). The second year will be a player option, Charania notes (via Twitter).

While Charania states that Russell’s deal is worth $13MM, veteran reporter Marc Stein hears (via Twitter) it’s just shy of $12MM.

ESPN’s Bobby Marks confirms (Twitter links) that Russell will be signed using the taxpayer mid-level exception, which will hard-cap the Mavs at the second tax apron. Dallas is about $1.6MM below the second apron, Marks adds.

Stein reported multiple times leading up to free agency that Dallas was the frontrunner to sign Russell to a two-year deal using the taxpayer version of the MLE. Assuming he received the full amount, he will earn $11,654,250 over the next two years.

Russell is a one-time All-Star who is taking a steep pay cut, having earned $18.7MM in 2024/25.

The second overall pick of the 2015 draft, Russell is coming off a down season in which he averaged 12.6 points, 5.1 assists, 2.8 rebounds and 1.0 steal in 58 combined appearances with the Lakers and Nets (25.5 minutes per game). 12.6 PPG and 25.5 MPG represented career lows for Russell, who also posted career-worst percentages from the field (39.0%) and from three-point range (31.4%).

While he is a talented scorer and play-maker who is capable of carrying an offense for stretches, Russell tends to be quite streaky and is a subpar defender. The 29-year-old will likely be the starting point guard for the Mavs until Kyrie Irving is able to return from the torn ACL he sustained in early March.

Nuggets Trade Michael Porter, First-Round Pick To Nets For Cam Johnson

June 30th, 2025 at 6:09pm CST by Luke Adams

July 8: The trade is official, the Nets announced in a press release.

June 30: The Nuggets and Nets have agreed to a trade that will send Michael Porter Jr. and an unprotected 2032 first-round pick to the Nets in exchange for Cameron Johnson, reports Shams Charania of ESPN (Twitter link).

The move will create significant cap flexibility for Denver. Porter is owed a little over $79MM across the next two seasons, while Johnson’s contract has a base value of $44MM over those same two years (he also has some unlikely incentives that count toward the tax aprons).

It also looks like a potential on-court upgrade for the Nuggets. While Porter is an extremely talented scorer and shooter who averaged 18.2 points per game on a .504/.395/.768 shooting line in 77 games for Denver in 2024/25, Johnson is considred a strong defender and is a pretty good scorer and shooter in his own right.

Johnson scored a career-high 18.8 points per game on .475/.390/.893 shooting in 57 outings for the Nets this past season. He also set a new career high with 3.4 assists per contest.

The trade will move the Nuggets’ team salary more than $13MM below the first apron, potentially opening up the non-taxpayer mid-level exception to use in free agency, notes Keith Smith of Spotrac (Twitter link). That could be a valuable tool for a Denver team looking to add quality depth to support a strong starting lineup.

The Nets, meanwhile, will use a chunk of their cap room to accommodate Porter’s incoming salary — if they had been operating over the cap, they wouldn’t be able to swap Johnson straight up for MPJ and his $38.3MM cap hit.

The move will reduce their cap room to about $17MM, tweets ESPN’s Bobby Marks, though that number is fluid, depending on how the team handles its non-guaranteed contracts and whether either of the reported deals for Day’Ron Sharpe and Ziaire Williams go into the room exception.

The unprotected 2032 first-round pick is clearly the prize of the deal for Brooklyn. Nikola Jokic will be 37 years old in 2032, and there’s no guarantee he’ll still be a Nugget anyway, so that pick has a good deal of variability and could turn into a very valuable asset.

Still, the Nets don’t view Porter as a mere salary dump. They’re excited about the former lottery pick – who celebrated his 27th birthday on Sunday – and intend to keep him, tweets Ramona Shelburne of ESPN.

Lakers Sign Jake LaRavia To Two-Year Contract

June 30th, 2025 at 5:53pm CST by Luke Adams

July 6: LaRavia has signed with the Lakers, per the official transaction log at NBA.com.

“Jake is a high IQ two-way player with ideal skills for a JJ Redick basketball system,” Lakers president of basketball operations Rob Pelinka said in a statement within the team’s press release confirming the deal. “He’s a disruptive defender who uses his size and physicality to create turnovers. Offensively, he can score at all three levels and has a knack for creating space for himself and his teammates.

“Being just 23 years old, we think Jake has significant basketball upside, which will be honed nicely in our Lakers basketball development program.”

June 30: The Lakers have agreed to a two-year, $12MM deal with free agent forward Jake LaRavia, reports Shams Charania of The Athletic (Twitter link).

Dan Woike of The Athletic, confirming the news, adds (via Twitter) that LaRavia’s contract will be fully guaranteed and refers to him as the team’s “top wing target” once Dorian Finney-Smith committed to Houston.

The Grizzlies turned down LaRavia’s fourth-year rookie scale option for 2025/26 last October, and he responded by playing some of the best basketball of his career through 47 games for Memphis — he made 44.4% of his three-pointers and the team was better when he was on the court than when he wasn’t.

The forward’s production dipped a little following a trade-deadline deal to Sacramento, but he still give the Kings good rotation minutes off the bench and finished the season with total averages of 6.9 points, 3.9 rebounds, and 2.4 assists in 20.4 minutes per game and a .475/.423/.678 shooting line for the two teams.

LaRavia’s solid season prompted Grizzlies head of basketball operations Zach Kleiman to admit after the season that he probably made a mistake by declining the former first-round pick’s $5.16MM option for ’25/26. Sacramento didn’t have the ability to exceed that $5.16MM figure on a starting salary for LaRavia, but other teams – like the Lakers – were allowed to go higher.

A two-year contract worth the full amount of the taxpayer mid-level exception would be worth $11.7MM, so it’s possible LaRavia’s contract will be signed that way. However, the Lakers – who are in desperate need for a center – have more free agent shopping to do, so I’d except LaRavia’s deal to come out of the non-taxpayer mid-level exception. Assuming that’s the case, the club would have about $8.3MM left on it, notes cap expert Yossi Gozlan (Twitter link).

Grizzlies, Cam Spencer Agree To Two-Year Deal

June 30th, 2025 at 5:52pm CST by Rory Maher

The Grizzlies have agreed to a two-year, $4.5MM contract with guard Cam Spencer, sources tell Shams Charania of ESPN (Twitter link). The deal is fully guaranteed, Charania adds.

Memphis made Spencer a restricted free agent on Sunday by tendering him a qualifying offer. He spent 2024/25 — his rookie season — on a two-way contract with Memphis.

It’s likely that Spencer will sign a minimum-salary contract, which would be worth approximately $4.46MM over the next two seasons.

The 53rd pick of the 2024 draft after winning a national championship with UConn, Spencer appeared in 25 games with the Grizzlies last season, averaging 4.2 points, 1.2 rebounds and 1.4 assists in 10.1 minutes per contest. His shooting line was .415/.365/1.000.

The 25-year-old combo guard had a much bigger role in his eight appearances (32.2 MPG) with the Memphis Hustle in ’24/25, averaging 23.5 PPG, 3.6 RPG, 3.5 APG and 1.2 SPG on .538/.493/.765 shooting.

Spencer will provide depth and outside shooting to the Grizzlies’ backcourt after they traded Desmond Bane to Orlando. They’re also reportedly renegotiating and extending Jaren Jackson Jr. and re-signing Santi Aldama.

Pistons Re-Sign Paul Reed To Two-Year Deal

June 30th, 2025 at 5:36pm CST by Dana Gauruder

July 8: Reed has formally signed his new contract with the Pistons, according to the NBA’s official log of transactions.

June 30: The Pistons are bringing back free agent big man Paul Reed, according to Shams Charania of ESPN (Twitter link), who reports that the two sides are in agreement on a two-year, $11MM deal.

The second year of Reed’s new contract will be non-guaranteed, tweets Omari Sankofa II of The Detroit Free Press.

Reed is coming off a minimum-salary contract, so he has a minimum-salary cap hold, but Detroit holds Early Bird rights on him, cap expert Yossi Gozlan notes (Twitter link). That means if the Pistons operate under the cap, they can use up all their room before going over the cap to finalize Reed’s deal.

Reed had a bizarre year regarding his contract situation. He was waived by the Sixers last season when they were trying to open up as much cap space as possible. The Pistons claimed him and picked up his $7.7MM salary, then waived him in December before it became fully guaranteed. They re-signed him that month on a more team-friendly deal.

Reed spent most of the season as the third-string center behind Jalen Duren and Isaiah Stewart. After playing in every game with the Sixers the previous season, he only saw action in 45 games off the bench this past season. He averaged 4.1 points and 2.7 rebounds in 9.7 minutes per game.

Reed also played five games off the bench against the Knicks in the first round of the playoffs after Stewart was sidelined with a knee injury.

Reed is expected to return to that role in the coming season. The Pistons will now concentrate on bigger free agents, a process that became more complicated when gambling allegations surfaced against sixth man and unrestricted free agent Malik Beasley.

Dorian Finney-Smith Signs Four-Year Contract With Rockets

June 30th, 2025 at 5:33pm CST by Luke Adams

July 7: The Rockets have officially signed Finney-Smith, the team confirmed in a press release.

The deal is fully guaranteed for two seasons, with a non-guaranteed third year and a non-guaranteed fourth-year player option, per Scotto (Twitter link).

June 30: Free agent forward Dorian Finney-Smith is leaving the Lakers in order to sign a four-year, $53MM contract with the Rockets, sources tells Shams Charania of ESPN (Twitter link).

The agreement includes a trade kicker and a mutual option (ie. a non-guaranteed player option) in year four, tweets Michael Scotto of HoopsHype.

Finney-Smith will likely be signed using Houston’s non-taxpayer mid-level exception. A full mid-level deal, starting at the maximum $14.1MM, would be worth $60.6MM, so the Rockets should still have a small portion of the exception left over after signing Finney-Smith, assuming the contract has a standard ascending structure.

Finney-Smith, who was traded from Brooklyn to Los Angeles last December, appeared in 43 games for the Lakers in 2024/25, making 20 starts. He averaged 7.9 points, 3.9 rebounds, and 1.4 assists in 28.8 minutes per game, posting a shooting line of .442/.398/.714.

While his box-score numbers certainly don’t jump off the page, Finney-Smith’s midseason arrival helped fuel a defensive turnaround in L.A. and his reliable three-point shooting helped space the floor on offense.

His impact was reflected by his on/off-court numbers — no Lakers rotation player had a better regular season net rating than Finney–Smith’s +11.1 mark in 1,239 minutes. The club had a -3.5 mark in the 1,214 minutes he didn’t play after the trade.

In Houston, he’ll serve as the type of three-and-D wing the Rockets lost when they agreed to trade Dillon Brooks to Phoenix in the Kevin Durant blockbuster.

It’s a major loss for the Lakers, given the role Finney-Smith both on and off the court for the franchise. As Dan Woike of The Athletic tweets, the 32-year-old was a popular presence in the locker room and was well-liked by Luka Doncic. However, a four-year deal for Finney-Smith didn’t fit into L.A.’s long-term plans.

Jazz Guarantee Svi Mykhailiuk’s Salary For Next Season

June 30th, 2025 at 5:15pm CST by Dana Gauruder

The Jazz have guaranteed the $3.68MM salary of Svi Mykhailiuk for next season, Michael Scotto of HoopsHype tweets.

Utah had until today to decide whether to guarantee Mykhailiuk’s season or waive him. His contract, which he signed in August, runs through the 2027/28 season but the final two years are also non-guaranteed.

Utah has made several cost-cutting moves this week, including reaching a buyout agreement with Jordan Clarkson on Monday. However, the Jazz obviously believe Mykhailiuk’s low-cost contract is worth holding onto.

He appeared in 38 games this past season, including 13 starts. Mykhailiuk averaged 8.8 points, 2.4 rebounds and 2.0 assists while shooting 39.1 percent from the field and 34.5 percent from three-point distance.

The Ukrainian wing has bounced around the league, as the Jazz are the 28-year-old’s eighth club in seven NBA seasons.