Transactions Rumors | Hoops Rumors

Cavs Sign London Perrantes To Two-Way Deal

October 18th, 2017 at 3:36pm CST by Luke Adams

3:36pm: The Cavaliers have officially signed Perrantes to a two-way contract, the team announced today in a press release.

1:22pm: The Cavaliers are in the midst of finalizing an agreement on a two-way contract with free agent guard London Perrantes, reports Shams Charania of The Vertical (Twitter link). Once the deal becomes official, Perrantes would join John Holland as the two-way players under contract with Cleveland.

Perrantes, a 6’2″ point guard, averaged 12.7 PPG, 3.8 APG, and 3.0 RPG in his senior year at Virginia last season, along with a solid shooting line of .453/.374/.813. His performance earned him a look from the Heat in Summer League action this year, and a training camp invite from the Spurs.

San Antonio waived Perrantes last week during the roster cutdown period, and he initially appeared to be a good bet to land in Austin as an affiliate player for the Spurs’ G League team. However, a two-way deal with the Cavs will give the rookie a little more financial security. He’ll join the Canton Charge rather than the Austin Spurs once the G League season gets underway.

Once Perrantes finalizes his deal with the Cavs, only the Hawks, Rockets, Bucks, Timberwolves, Knicks, and Trail Blazers will still have open two-way slots. Our full list of two-way players can be found right here.

Lakers Sign Vander Blue To Two-Way Contract

October 18th, 2017 at 1:17pm CST by Luke Adams

OCTOBER 18: The Lakers have officially signed Blue to a two-way contract, the club announced today in a press release.

OCTOBER 17: After being waived by the Lakers on Saturday, shooting guard Vander Blue is returning to the franchise. The Lakers and Blue have reached an agreement on a two-way contract, reports Shams Charania of The Vertical (via Twitter).

Blue, 25, has appeared in just five total regular season NBA games, most recently playing for the Lakers in 2014/15. While he hasn’t seen any NBA action in recent years, he has emerged as one of the G League’s most reliable scorers, averaging more than 23.3 PPG in each of the last three seasons for L.A.’s affiliate.

In 2016/17, Blue racked up 24.8 PPG to go along with 5.1 RPG, 3.0 APG, and 1.6 SPG in 47 games for the Los Angeles D-Fenders, earning G League MVP honors. This season, he’ll return to the club – now known as the South Bay Lakers – as a two-way player, which will result in a pay bump and a chance to spend some time with the NBA club.

The Lakers have now filled both of their two-way slots, with Blue joining Alex Caruso.

Hawks Sign Isaiah Taylor

October 17th, 2017 at 8:15pm CST by Luke Adams

OCTOBER 17: The Hawks have officially signed Taylor, the team announced tonight in a press release.

OCTOBER 16: The Hawks have reached an agreement with Isaiah Taylor and will sign the free agent point guard to a two-year contract, reports Shams Charania of The Vertical. Taylor cleared waivers on Sunday after being cut by the Rockets.

Taylor, who went undrafted out of Texas in 2016, caught on with the Rockets for training camp last fall, then became a G League affiliate player for the team after being waived in the preseason. The 23-year-old guard had an excellent season for the Rio Grande Valley Vipers, averaging 21.0 PPG and 6.0 APG with a shooting line of .515/.457/.816 in 25 G League games.

Taylor rejoined the Rockets before season’s end, inking a multiyear deal and finishing the year with the club. However, he didn’t make the cut for Houston’s 2017/18 regular season roster, having been waived by the team on Friday.

With a spot open on their NBA roster and a two-way slot available too, the Hawks have some flexibility when it comes to adding Taylor. Charania’s report suggests Taylor will fill the 15th and final spot on Atlanta’s roster, with Michael Cunningham of The Atlanta Journal-Constitution adding (via Twitter) that the deal will be partially guaranteed.

Suns Exercise Options On Booker, Bender, Chriss

October 17th, 2017 at 5:41pm CST by ChrisCrouse

The Suns have exercised teams options on the contracts of Devin Booker, Dragan Bender, and Marquese Chriss, according to their website. The trio will remain under contract through the 2018/19 season.

Booker, who was the no. 13 overall pick in the 2015 draft, broke out last season, scoring 22.1 points per game in the Suns’ fast-paced offense. The Kentucky product will make approximately $2.32MM this season and as a result of the team picking up his option, he’ll take home $3.31MM next year.

Bender’s 2018/19 team option is worth roughly $4.67MM and Chriss’ will come in at slightly under $3.21MM. The team controls each player for at minimum two additional two seasons beyond the 2018/19 campaign. Each of the big men’s contracts has another team option in it for the 2019/20 season and if exercised, the team can extend a qualifying offer to each player during the following offseason, rendering them restricted free agents.

Booker can become a restricted free agent during the summer of 2019, though I would expect the team to make an attempt at extending the shooting guard next summer. Per the team’s website, among all players with two years of experience under the age of 21, only LeBron James, Carmelo Anthony, and Kevin Durant have scored more than Booker’s 2,774 total points.

Warriors Sign Quinn Cook To Two-Way Contract

October 17th, 2017 at 2:55pm CST by Luke Adams

2:55pm: Cook has officially signed a two-way contract with the Warriors, the team confirmed today in a press release.

8:10am: The Warriors will fill the open two-way slot on their roster by signing free agent guard Quinn Cook, according to Shams Charania of The Vertical, who reports (via Twitter) that Cook has agreed to a two-way contract with the defending champions.

Cook, 24, went undrafted in 2015 and spent training camp with the Cavaliers that season, then with the Pelicans in 2016. He finally earned a shot in the NBA regular season earlier this year, when he signed a 10-day contract with the Mavericks, then two 10-days and a rest-of-season deal with New Orleans. Appearing in 14 total games, Cook averaged 5.6 PPG and 1.9 APG for the Mavs and Pelicans.

Having been waived by the Pelicans in July, Cook spent training camp and the preseason with the Hawks before being cut on Friday. Now, he’ll have an opportunity to return to the G League, where he excelled last season, averaging 26.0 PPG and 6.7 APG in 39 games for the Canton Charge. He’ll suit up for the Santa Cruz Warriors this year, and will be eligible to spend some time with Golden State.

Once Cook makes it official with the Warriors, there will be just 10 two-way slots still open around the NBA.

Thunder Sign P.J. Dozier To Two-Way Deal

October 17th, 2017 at 12:39pm CST by Dana Gauruder

OCTOBER 17: The Thunder have officially signed Dozier to a two-way contract, the team announced today in a press release.

OCTOBER 16: The Thunder are in talks with guard P.J. Dozier on a two-way contract after he cleared waivers on Monday, ESPN’s Royce Young tweets.

The Mavericks waived the 6’6” rookie on Saturday. He went undrafted after playing two seasons at South Carolina. Doziers played for the Lakers’ Summer League team in July before receiving a partially guaranteed contract from the Mavs.

In three preseason games with the Mavs, Dozier averaged 5.7 PPG and 2.3 RPG. Dozier averaged 13.9 PPG and 4.8 RPG last season for the Gamecocks.

Swingman Daniel Hamilton received the first of the two allotted two-way contracts with the Thunder.

Bucks Sign Gary Payton II To Two-Way Contract

October 17th, 2017 at 11:05am CST by Luke Adams

The Bucks have filled one of their open two-way slots by signing free agent guard Gary Payton II to a two-way contract, the team announced today in a press release. Milwaukee had entered the day as the only NBA team without a player on a two-way deal.

Payton, the son of Hall-of-Famer and former SuperSonics guard Gary Payton, went undrafted out of Oregon State in 2016, but caught on with the Rockets for training camp. After being cut by Houston last October, the 24-year-old spent most of the season with the club’s G League affiliate, the Rio Grande Valley Vipers. In 49 G League games, Payton averaged 14.1 PPG, 6.5 RPG, 3.3 APG, and 2.0 SPG.

Having signed a multiyear deal with Milwaukee near the end of the 2016/17 campaign, Payton was a candidate to make the Bucks’ regular season roster, but was ultimately cut on Saturday. His contract didn’t include an Exhibit 10 clause, making it ineligible to be converted into a two-way deal, but the Bucks were eligible to re-sign him to a two-way contract once he cleared waivers.

Payton will suit up for the Bucks’ new G League affiliate, the Wisconsin Herd, once the season begins. Milwaukee, meanwhile, still has one more two-way spot to fill.

Spurs, LaMarcus Aldridge Agree To Extension

October 16th, 2017 at 11:07pm CST by Luke Adams

OCTOBER 16th, 11:07pm: The signing is official, per team release.

4:11pm: Charania clarifies in his full report on the trade that Aldridge’s extension will actually add just two years to his current deal, with the 2018/19 player option representing the third year. In total, Aldridge will be under contract for four years, with a partial guarantee in year four.

3:26pm: The Spurs have reached an agreement with big man LaMarcus Aldridge on a contract extension, according to ESPN’s Adrian Wojnarowski (via Twitter). Wojnarowski first reported earlier today that the two sides were engaged in discussions on a possible extension.

Aldridge’s new contract is a three-year extension worth $72.3MM, according to Shams Charania of The Vertical (Twitter link). Wojnarowski adds (via Twitter) that the third and final year is only partially guaranteed. The 32-year-old exercised his 2018/19 player option as part of the agreement, per Wojnarowski (via Twitter), so the new deal will begin in 2019/20 and will lock him up for five years in total.

Aldridge, who initially joined the Spurs as a free agent in the summer of 2015, saw his production drop off a little last season. His 17.3 PPG, 7.3 RPG, and .477 FG% were all below his career averages, while his 18.6 PER was his lowest mark since 2009/10.

The dip in Aldridge’s performance makes the timing of the contract extension somewhat surprising. Wojnarowski noted in his piece earlier today that the relationship between Aldridge and the Spurs has been rocky over the last two years — both sides have been unhappy at times, and the team explored trade scenarios involving the former Blazer earlier this year.

However, according to Wojnarowski, Aldridge arrived at camp this year in better shape than usual, and has strengthened his relationship with Spurs head coach Gregg Popovich.

With Aldridge’s player option for 2018/19 now locked in, the Spurs have approximately $78.4MM in guaranteed money on their cap for next season. With the NBA salary cap projected to increase slightly to $101MM, the Spurs could have some flexibility. But their estimated team salary doesn’t include player options for Danny Green, Rudy Gay, and Joffrey Lauvergne, or possible new deals for free-agents-to-be like Tony Parker and Kyle Anderson.

Because Aldridge’s new contract exceeds the parameters of an extend-and-trade deal, he won’t be eligible to be traded for six months after signing his extension, meaning he won’t be the subject of trade rumors at this season’s deadline.

Photo courtesy of USA Today Sports Images.

Jamel Artis Signs Two-Way Deal With Magic

October 16th, 2017 at 7:34pm CST by Arthur Hill

OCTOBER 16th, 7:34pm: The signing is official, per team press release.

OCTOBER 15th, 8:37am: Jamel Artis, who was waived by the Knicks in early October, has agreed to a two-way contract with the Magic, tweets Michael Scotto of Basketball Insiders.

The 6’7″ swingman signed a partially guaranteed deal with New York in June after going undrafted out of Pitt. He played for the Knicks’ entry in the Orlando Summer League, averaging 8.8 points per game.

The move fills Orlando’s allotment of two-way contracts, with Adreian Payne holding the other one. The Magic trimmed their roster to the league limit on Friday by waiving Damjan Rudez and Kalin Lucas.

Grizzlies Waive Wade Baldwin, Rade Zagorac

October 16th, 2017 at 5:04pm CST by Luke Adams

One year after using their first-round pick to draft Wade Baldwin, the Grizzlies have parted ways with the young point guard. The Grizzlies have waived Baldwin, according to a team release. Adrian Wojnarowski of ESPN reported earlier in the day that Memphis intended to waive or trade him (Twitter link).

The Grizzlies also waived rookie forward Rade Zagorac to reach the 15-man regular season limit, the release adds. Wojnarowski had reported earlier (via Twitter) that the Grizzlies would be shedding Zagorac by waiving or trading him.

The Grizzlies’ decisions come as a bit of a surprise. At the start of camp, it appeared that forward Jarell Martin was on the chopping block for the club, and point guard Andrew Harrison was another player whose roster spot appeared to be in danger.

With Memphis waiving Baldwin and Zagorac, there will be room to carry both Martin and Harrison, along with veteran point guard Mario Chalmers, who has a small ($25K) partial guarantee on his contract. Wojnarowski has confirmed (via Twitter) that Chalmers and Harrison will remain on the roster as backups to starting point guard Mike Conley. Chalmers’ minimum salary deal will become fully guaranteed if he remains under contract through Wednesday.

The optics of the moves aren’t great for the Grizzlies, who drafted Baldwin a year ago using the 17th overall pick. He’s owed a guaranteed $1,874,400 salary this season, but the club won’t be on the hook for any future salary, since his $1,955,160 team option for 2018/19 hadn’t been picked up.

The Grizzlies will actually owe more guaranteed money to Zagorac, another 2016 draftee, who was stashed for one year and then signed a partially guaranteed three-year deal this offseason. The 35th overall pick in 2016, Zagorac will be owed $950K this season and $1,378,242 in 2018/19. His third-year team option for 2019/20 is non-guaranteed.

This marks the second straight preseason in which the Grizzlies have given up on a former first-round pick still on his rookie contract. A year ago, the team waived 2014 first-rounder Jordan Adams as part of its roster cutdowns.

Photo courtesy of USA Today Sports Images.