Transactions Rumors | Hoops Rumors

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.

Grizzlies Sign Jordan Goodwin To 10-Day Contract

February 13th, 2024 at 10:18am CST by Rory Maher

FEBRUARY 13: The Grizzlies have officially signed Goodwin to his 10-day contract, the team announced today in a press release (Twitter link).

It will technically be an 11-day deal, since 10-day contracts are required to cover a minimum of three games. Memphis plays twice more before the All-Star break, then resumes play on February 23 vs. the Clippers.

FEBRUARY 12: The Grizzlies intend to sign Jordan Goodwin to a 10-day contract, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

Goodwin played four college seasons at Saint Louis before going undrafted in 2021. He’s in his third NBA season, having previously played for the Wizards and Suns.

A 25-year-old guard who’s known as a strong rebounder and defender, Goodwin was sent from Phoenix to Brooklyn ahead of last week’s trade deadline in the deal that saw Royce O’Neale land with the Suns. Goodwin was subsequently released by the Nets, and after clearing waivers, he became an unrestricted free agent.

Goodwin appeared in 40 games with Phoenix this season, averaging 5.0 PPG, 2.9 RPG and 2.0 APG in 14.0 MPG. He struggled with scoring efficiency, posting a lackluster .389/.288/.862 shooting line.

As our tracker shows, Memphis currently has a full 15-man standard roster. However, the Grizzlies have been decimated by injuries in 2023/24 — as with several other players they’ve signed to 10-day contracts, Goodwin’s deal will almost certainly come via the hardship exception.

According to Wojnarowski, Goodwin is expected to join Memphis “as soon as Tuesday,” which means his Grizzlies debut could come on Wednesday vs. Houston.

Pistons Sign Tosan Evbuomwan To 10-Day Deal

February 12th, 2024 at 7:00pm CST by Tristan Tucker

FEBRUARY 12: The Pistons have officially signed Evbuomwan to his 10-day contract, per NBA.com’s transaction log.

FEBRUARY 11: The Pistons are signing forward Tosan Evbuomwan to a 10-day contract, according to ESPN’s Adrian Wojnarowski (Twitter link). Detroit had an open roster spot, so no corresponding move is required.

Evbuomwan, 22, spent training camp with the Pistons and has suited up this season for their G League affiliate, the Motor City Cruise. In 29 games with the Cruise, Evbuomwan has averaged 15.1 points, 8.4 rebounds and 3.9 assists. He parlayed that productivity into a 10-day hardship deal with the Grizzlies. He averaged 2.5 points and 3.5 rebounds in 18.5 minutes across four contests with Memphis before that deal expired this past week.

The 6’7″ forward had a productive collegiate career at Princeton, where he led the Tigers to the Sweet 16 in the NCAA Tournament this past season. He averaged 15.1 points, 6.3 rebounds and 4.9 assists per contest in his senior season before declaring for the draft, where he ultimately went unselected. He was the 2021/22 Ivy League Player of the Year.

Evbuomwan provides an athletic forward for depth purposes for Detroit’s new-look bench. His contract will cover the team’s final two games before the All-Star break — at Los Angeles on Feb. 13 and at Phoenix on Feb. 14 — as well as the first game after the break, which is at Indiana on Feb. 22. Since 10-day contracts must cover at least three games, the deal will run through Feb. 22 even if he signs it Sunday or Monday.

After it expires, the Pistons could decide to sign him to a second 10-day deal or let him become a free agent. After a potential second 10-day deal, he’d need to be signed to a rest-of-season contract to be retained.

Thunder Sign Adam Flagler To Two-Way Contract

February 12th, 2024 at 10:09am CST by Luke Adams

FEBRUARY 12: Flagler’s two-way deal is official, the Thunder confirmed in a press release.

FEBRUARY 10: The Thunder have agreed to sign guard Adam Flagler to a two-way contract, his agents at Life Sports Agency tell Adrian Wojnarowski of ESPN (Twitter link).

A former NCAA champion with Baylor, Flagler went undrafted in 2023, but quickly caught on with the Thunder, playing for their Summer League team in July and then signing an Exhibit 10 contact with Oklahoma City in October. He was waived before the regular season began and joined the Thunder’s G League affiliate, the Oklahoma City Blue.

In 14 regular season NBAGL appearances for the Blue, Flagler has averaged 12.6 points, 3.4 rebounds, and 3.1 assists in 21.2 minutes per game, posting a shooting line of .445/.420/.900.

Signing Flagler will be the latest in a series of transactions for the Thunder, who have had a busy week. After sending Davis Bertans, Vasilije Micic, and Tre Mann to Charlotte in a deadline deal for Gordon Hayward, Oklahoma City promoted two-way player Lindy Waters to its standard 15-man roster and signed Bismack Biyombo to a rest-of-season contract.

Once Flagler’s new two-way deal is official, OKC will have a full 18-man roster.

Kyle Lowry Bought Out By Hornets, Plans To Sign With Sixers

February 11th, 2024 at 3:00pm CST by Arthur Hill

FEBRUARY 11: Lowry’s buyout is now official and he has been waived, the Hornets have announced (Twitter link). He’ll become a free agent on Tuesday and will be able to sign with Philadelphia at that time.

FEBRUARY 10: Kyle Lowry has reached a buyout agreement with the Hornets, agent Mark Bartelstein of Priority Sports tells ESPN’s Adrian Wojnarowski (Twitter link). Lowry intends to sign with the Sixers once he clears waivers, Wojnarowski adds.

It will be a homecoming for Lowry, who grew up in Philadelphia and played at Villanova, Wojnarowski states (Twitter link). The move will also reunite Lowry with Nick Nurse, his long-time coach in Toronto.

A video announcing Lowry’s decision was posted on Twitter by Priority Sports.

The Sixers will pay Lowry $2.8MM for the rest of the season, Bartelstein tells Woj (Twitter link). The team is $4.9MM below the tax threshold and has nearly $10MM of its non-taxpayer mid-level exception remaining, tweets Bobby Marks of ESPN. He adds that Lowry was still owed about $10.61MM left of his $29.7MM salary for 2023/24 before the buyout.

In a full story on Lowry’s decision, Wojnarowski identifies the Bulls and Pelicans as other teams that had interest in signing Lowry after a buyout.

Lowry had been expected to pursue a buyout in Charlotte ever since Miami sent him there in a January 23 trade involving Terry Rozier. Lowry never played for the Hornets, and he will have been off for more than a month if he doesn’t suit up for the Sixers before the All-Star break.

The 37-year-old point guard started 35 of the 37 games he appeared in with the Heat this season, but his playing time dropped to its lowest level in more than a decade and his numbers were down across the board. Lowry was averaging 8.2 points, 3.5 rebounds and 4.0 assists in 28 minutes per night.

He will bring a veteran presence with plenty of playoff experience to the Sixers, who have been reeling since Joel Embiid was lost with a knee injury. Philadelphia only has 12 players on its 15-man roster in the wake of the trade deadline, so a corresponding move won’t be necessary to add Lowry. His departure leaves Charlotte with one roster opening.

Cavaliers Sign Zhaire Smith To 10-Day Contract

February 11th, 2024 at 12:02pm CST by Luke Adams

The Cavaliers have signed swingman Zhaire Smith to a 10-day contract, the team announced today in a press release.

The 16th overall pick in the 2018 draft, Smith has been playing this season for the Cleveland Charge, the Cavs’ G League affiliate. In 32 regular season and Showcase Cup games with the Charge, the 24-year-old has averaged 12.8 points and 4.3 rebounds in 33.4 minutes per contest, posting a shooting line of .543/.404/.796.

This season has represented a major comeback effort for Smith, who battled health issues after going pro and was limited to 13 regular season appearances in two NBA seasons with the Sixers. He was traded during the 2020 offseason to the Pistons, who subsequently waived him. Prior to signing an Exhibit 10 contract with the Cavaliers during the 2023 offseason, the Texas Tech standout hadn’t been on an NBA roster since 2020.

In addition to battling foot and knee issues, Smith also dealt with a life-threatening allergic reaction earlier in his career, which he has said resulted in a month-and-a-half stay in a hospital and a 60-pound weight loss.

“Just not be able to play the game made me hungry and motivated because I missed it so much,” Smith told Sam Yip of HoopsHype this past fall. “But I promise you I’m not gonna take it for granted anymore. Anytime I step on that court, I’m going to go 110 percent.

The Cavaliers had only been carrying 13 players on standard contracts, so no corresponding move is necessary to make room for Smith, and Cleveland will still have one opening on its 15-man roster.

Smith’s “10-day” contract will actually run for 12 days, earning him a couple extra days of pay, since 10-day deals are required to cover at least three games. The Cavs only play twice more before the All-Star break — the third and final game of Smith’s contract will come on February 22 vs. Orlando.

Pistons Waive Ryan Arcidiacono

February 10th, 2024 at 8:41pm CST by Arthur Hill

The Pistons have opened a roster spot by waiving Ryan Arcidiacono, the team announced (via Twitter).

The 29-year-old point guard was acquired Thursday in the trade that sent Bojan Bogdanovic and Alec Burks to New York. Reports at the time indicated that Arcidiacono was likely to be released sometime after the deal was complete.

Arcidiacono has an expiring minimum-salary contract, so the Pistons won’t be on the hook for any money beyond this season.

This marked the second straight year that the Knicks have traded Arcidiacono at the deadline — they sent him to Portland 12 months ago. He returned to New York on an Exhibit 10 contract in September, but saw limited playing time, averaging just 2.3 minutes per night in 20 games.

Teams will have 48 hours to submit waiver claims for Arcidiacono. Because his salary is less than this season’s non-taxpayer mid-level exception, Arcidiacono will be eligible to sign with any team except New York if he goes unclaimed.

Arcidiacono is the fifth player the Pistons have waived since Thursday’s trade deadline, joining Killian Hayes, Joe Harris, Danuel House and Danilo Gallinari.

Spencer Dinwiddie Signs With Lakers

February 10th, 2024 at 8:16pm CST by Tristan Tucker

8:16pm: The signing is official, the Lakers announced (via Twitter).

“Spencer is returning to his roots and the city where his journey began,” general manager Rob Pelinka said. “… His play-making and aggressiveness from the guard position provides us valuable depth as we continue our strong push toward the back half of the season.” (Twitter link)

10:06am: Former Nets guard Spencer Dinwiddie plans to sign with the Lakers after clearing waivers, according to The Athletic’s Shams Charania (Twitter link). Dinwiddie was traded on Thursday from Brooklyn to the Raptors, who subsequently cut him.

The Lakers were one of a few playoff teams who offered Dinwiddie a significant role on the roster, Charania tweets. Head of basketball operations Rob Pelinka said this week that the team was targeting a “ball-handling guard” in the buyout market.

The Pelicans, Sixers, and Mavericks were also cited as potential suitors for Dinwiddie, with Dallas viewed as the Lakers’ top competition. The guard played for the Mavs during parts of two seasons from 2022-23 before being sent to Brooklyn as part of last year’s Kyrie Irving blockbuster.

As we pointed out, the Lakers have about $1.5MM left of their prorated mid-level exception, since they didn’t sign Gabe Vincent to the full MLE. They’ll use the leftover portion to sign Dinwiddie, ESPN’s Dave McMenamin confirms, adding that the 30-year-old narrowed his decision to the Lakers and Mavs before choosing L.A.

Los Angeles has an open roster spot, so the team won’t have to cut anyone to bring Dinwiddie in. Cap expert Yossi Gozlan observes the Lakers will have plenty of room beneath the tax apron for other signings, if they so choose (Twitter link).

Dinwiddie is averaging 12.6 points and 6.0 assists in 48 games this season. While his second stint in Brooklyn wasn’t as successful as his first, he has been an important playoff contributor for both the Nets and the Mavericks over the past two seasons. In his last 22 postseason games over the past two years, he’s averaged 14.6 points while shooting 41.2% from beyond the arc. He’ll look to help propel the currently ninth-place Lakers into the playoffs.

Dinwiddie grew up a fan of the Lakers and Kobe Bryant, and playing for the team was always a dream of his, according to HoopsHype’s Michael Scotto (Twitter link).

For what it’s worth, Lakers guard D’Angelo Russell already expressed he was on board with the idea of bringing Dinwiddie in and is a big fan of his, according to Jovan Buha (Twitter link). “Y’all will get to know him soon,” Russell said following the Lakers’ Friday game against New Orleans. Russell and Dinwiddie played together on the Nets from 2017-19.