Transactions Rumors | Hoops Rumors

Celtics Trade Dalano Banton, Cash To Trail Blazers

February 8th, 2024 at 9:39pm CST by Rory Maher

9:39pm: The Trail Blazers have officially acquired Banton and cash considerations from the Celtics for that heavily protected 2027 second-rounder, the teams confirmed in a pair of press releases.

2:26pm: The Celtics have agreed to trade guard Dalano Banton to the Trail Blazers, reports Adrian Wojnarowski of ESPN (Twitter link).

According to Jake Fischer of Yahoo Sports (Twitter link), Boston will receive a top-55 protected 2027 second-round pick in the swap, so it’s essentially just a salary dump from the Celtics’ perspective.

Banton spent his first two NBA seasons with Toronto before signing with the Celtics last summer. Portland will hold a $2.2MM team option for the 24-year-old in 2024/25.

At 6’9″, Banton has terrific length for a guard, but he has struggled mightily with offensive efficiency, posting a career shooting line of .410/.254/.670, including just .373/.125/.800 in 24 games with Boston this season (7.1 minutes per night).

It’s unclear if Banton will be in the Blazers’ future plans, but they’ll be able to evaluate him for at least the rest of the season if they so choose.

Sixers Trade Jaden Springer To Celtics

February 8th, 2024 at 9:38pm CST by Rory Maher

9:38pm: The deal is official, according to announcements from the Sixers and Celtics.

2:00pm: The Sixers and Celtics have agreed to a trade that will send third-year guard Jaden Springer to Boston in exchange for a second-round pick, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

The 2024 second-rounder the 76ers are receiving will either be Chicago’s or New Orleans’, whichever is more favorable, per Keith Pompey of The Philadelphia Inquirer (Twitter link).

Boston will acquire Springer using its $6.2MM traded player exception, tweets ESPN’s Bobby Marks. Moving Springer means Joel Embiid will be the only player on Philadelphia’s roster with a guaranteed contract for 2024/25, Marks adds.

The 28th pick of the 2021 draft, Springer only appeared in 18 regular season games for 95 total minutes over his first two NBA seasons. Still just 21 years old, the former Tennessee Volunteer has played 32 games this season, averaging 4.0 points in 11.8 minutes per contest.

At 6’4″ and 204 pounds, Springer has a sturdy build for a guard, and he put up strong defensive stats in the NBA G League from 2021-23. He hasn’t provided much on offense at the NBA level, however, with a career shooting line of .416/.238/.810.

Springer makes $2.2MM this season and will earn a guaranteed $4MM next season after the Sixers picked up their option on the final year of his rookie scale contract. While it’s hard to envision him playing much for Boston this season, he didn’t cost much to acquire, and the team clearly likes him as a prospect. His contract could be also useful for salary-matching purposes in 2024/25.

Clippers Acquire Draft Rights To Ismael Kamagate For Cash

February 8th, 2024 at 9:16pm CST by Arthur Hill

9:16pm: The trade is official, per an announcement from the Clippers.

2:30pm: The Clippers completed a minor deal before the trade deadline, sending cash to the Nuggets in exchange for the draft rights to Ismael Kamagate, tweets Law Murray of The Athletic.

Denver will receive $2.68MM in the deal, according to Bennett Durando of The Denver Post (Twitter link).

Because L.A. is over the second apron, the team won’t be able to send out cash in trades beginning this offseason, so it has made an effort to acquire the rights to some draft-and-stash players for future trade purposes.

The 6’11” Kamagate, a 23-year-old French center, was the 46th pick in the 2022 draft. Originally selected by Detroit, his draft rights were moved to Portland and then to Denver. He is currently playing for Bertram Derthona Tortona in Italy’s LBA league, on loan from Olimpia Milano.

Timberwolves, Pistons Complete Monte Morris Trade

February 8th, 2024 at 9:05pm CST by Luke Adams

FEBRUARY 8: The Pistons have officially traded Morris to Minnesota in exchange for Milton, Brown, and the Timberwolves’ 2030 second-round pick, according to announcements from both teams.

Danilo Gallinari was waived by Detroit to complete the transaction.

FEBRUARY 7: The Timberwolves and Pistons are finalizing a trade that will send point guard Monte Morris to Minnesota, reports Shams Charania of The Athletic (Twitter link).

According to Charania (Twitter link), Detroit will receive Shake Milton, Troy Brown, and a second-round pick in the swap. The pick will be Minnesota’s own 2030 second-rounder, per Chris Hine of The Star Tribune (Twitter link).

Morris was traded from Washington to Detroit during the 2023 offseason in exchange for a future second-round selection, but battled back and quad injuries that delayed his Pistons debut until late January. He has appeared in just six games so far this season and has made a limited impact, averaging 4.5 points, 2.0 rebounds, and 1.3 assists in 11.3 minutes per contest, with a shooting line of .364/.182/.500.

However, Morris has a solid track record, having averaged 10.5 PPG, 4.0 APG, and 2.5 RPG on .480/.392/.829 shooting in 339 games across five seasons for the Nuggets and Wizards from 2018-23. He was a key contributor for many years in Denver under current Timberwolves president of basketball operations Tim Connelly.

The Wolves had been in the market for a ball-handler who could back up starter Mike Conley. Jordan McLaughlin, Nickeil Alexander-Walker, and Kyle Anderson have all gotten some reps in that role, but Morris is a more reliable option as a backup point guard, assuming he stays healthy and rounds into his usual form.

Morris is on an expiring $9.8MM contract and will become an unrestricted free agent this summer if he doesn’t sign an extension before then. As cap expert Yossi Gozlan observes (via Twitter), the 28-year-old will remain eligible until June 30 to sign an extension of up to two years, but Minnesota already projects to be well into tax territory next season, so it’s possible he’ll end up being a rental.

The Wolves will remain about $1.6MM below the luxury tax line after the trade and will have a pair of open spots on their 15-man roster, Gozlan adds (via Twitter). They’ll also be able to create a $4MM trade exception in the deal.

By acquiring a second-round pick for Morris, the Pistons will recoup the price they initially paid for him and won’t impact their projected summer cap room. Milton is earning $5MM this season while Brown is making $4MM, and both players have identical non-guaranteed cap hits for next season.

Assuming the Pistons hang onto both Milton and Brown for the rest of the season, they’ll have to decide by the end of June whether they want to guarantee either player’s 2024/25 salary.

Detroit will have to trade or waive a player to complete the deal, since the club currently has a full 15-man roster.

Pacers Re-Sign James Johnson

February 8th, 2024 at 9:00pm CST by Luke Adams

Following the expiration of his second 10-day contract with Indiana on Wednesday night, veteran forward James Johnson has re-signed with the Pacers, the team announced in a press release.

As expected, veteran point guard Cory Joseph was waived to open up a spot on the 15-man roster for Johnson. Indiana acquired Joseph from Golden State along with $5.68MM in cash earlier in the day.

Johnson has now signed four separate contracts with Indiana since the 2023/24 season began. He originally inked a non-guaranteed minimum-salary contract on December 15, but was waived to accommodate the trade for Pascal Siakam a month later. Johnson returned to the Pacers on a pair of 10-day contracts and now that he’s ineligible to sign another 10-day pact, has finalized a rest-of-season deal with the club.

Johnson, who will turn 37 later this month, doesn’t see much action for the Pacers, having logged just 24 total minutes across five appearances so far this season. However, he’s a valued veteran presence in the locker room and brings some toughness and physicality to a relatively young team.

A prorated minimum-salary contract for Johnson will pay him $1,230,816 the rest of the way and will count toward Indiana’s cap for $777,703.

The Pacers now have a full 15-man roster, but they’re expected to open up a spot by waiving Furkan Korkmaz, who was acquired from Philadelphia on Thursday.

Bucks Acquire Beverley From Sixers For Payne, Second-Rounder

February 8th, 2024 at 8:38pm CST by Rory Maher

8:38pm: The Bucks and Sixers have each put out a press release officially confirming the deal.

12:43pm: The Bucks are acquiring Patrick Beverley from the Sixers, he announced (via Twitter). Philadelphia will receive Cameron Payne and Milwaukee’s 2027 second-round pick, according to reports from Adrian Wojnarowski of ESPN and Shams Charania of The Athletic (All Twitter links).

Both players are on expiring minimum-salary contracts, so neither the Bucks nor the 76ers will have financial commitments to the veteran guards beyond this season.

The Bucks have reportedly been scouring the trade market in search of help on the defensive end. The team is currently 33-18, but Milwaukee ranks just 18th in the league in defense.

Beverley, 35, is a three-time All-Defensive team member, and while he’s no longer in his prime, he still ranks as a positive contributor on that end. It’s worth noting that Beverley previously played under new Bucks head coach Doc Rivers while they were employed by the Clippers.

As Ira Winderman of The South Florida Sun Sentinel tweets, sending out a defensive-minded veteran like Beverley might mean Philadelphia is confident about signing Kyle Lowry via buyout. Lowry is currently on the Hornets after being traded by the Heat.

Jake Fischer of Yahoo Sports reported (via Twitter) on Thursday afternoon that Milwaukee was looking at Jazz guard Kris Dunn and Pelicans wing Naji Marshall to improve its defense. Perhaps the asking price for Dunn was too steep, and the Bucks decided to pivot to Beverley.

Payne, 29, is a former lottery pick who didn’t find much success over his first four seasons, but he resurrected his NBA career after a solid multiyear stint with Phoenix. Payne was traded to San Antonio in the offseason, waived, and then signed a one-year deal with Milwaukee. He has averaged 6.2 points and 2.3 assists while shooting 39.7% from three-point range in 47 games this season (14.9 minutes).

Suns Acquire Royce O’Neale In Three-Way Deal

February 8th, 2024 at 7:22pm CST by Dana Gauruder

7:22pm: The trade is official, according to a press release from the Grizzlies, who classified the draft asset they’re getting from the Suns as a “future first-round pick swap.”

Memphis will be able to swap its own 2026 first-round pick for the least favorable of the Suns’, Wizards’, and Magic’s first-rounders that year, tweets Chris Herrington of The Daily Memphian.

As previously reported, Brooklyn waived Thaddeus Young and Memphis cut Victor Oladipo to make room on their respective rosters for the incoming players.

4:58pm: The Suns hung onto Boston’s 2028 second-round pick, tweets Gambadoro, which means the three future second-rounders they’re sending Brooklyn are as follows:

Either the Pistons’, Bucks,’ or Magic’s 2026 second-round pick (whichever is least favorable).
The Grizzlies’ 2028 second-round pick.
The Grizzlies’ 2029 second-round pick.

12:18pm: The Nets are finalized a trade to send forward Royce O’Neale to the Suns for matching salaries and three second-round picks, Shams Charania of The Athletic tweets.

Phoenix is also acquiring forward David Roddy from the Grizzlies in exchange for a pick swap, Charania adds. (Twitter link).

The Suns are sending out Keita Bates-Diop, Yuta Watanabe, Jordan Goodwin and Chimezie Metu, John Gambadoro of 98.7 FM Phoenix tweets. They are all on minimum salary deals.

Watanabe and Metu will head to the Grizzlies, while Brooklyn will acquire Bates-Diop and Goodwin, per Duane Rankin of The Arizona Republic (Twitter link).

O’Neale is in the final year of a four-year, $36MM contract and could enter unrestricted free agency this summer with full Bird rights. He’s making $9.5MM this season.

He’ll be extension eligible with the Suns for a maximum of two-years and $20.5MM, Yossi Gozlan of Hoops Hype tweets.

Roddy is making $2.72MM this season and already had $4.83MM option for next season picked up by Memphis. Phoenix can use the $4,975,371 traded player exception it generated in the Dario Saric trade with Oklahoma City last season to absorb Roddy’s salary. That exception expires on Friday.

The Suns were considered the top suitor for the Hornets’ Miles Bridges. However, Bridges reportedly told Charlotte’s front office he wouldn’t approve any trade. Phoenix pivoted to O’Neale, who will immediately jump into its rotation.

O’Neale gives Phoenix a playoff-tested, defensive-minded veteran. He has been coming off the bench most of this season but could slot into Phoenix’s star-laden lineup if the Suns want to use Grayson Allen in a sixth-man role.

O’Neale is averaging 7.4 points, 4.5 rebounds and 2.8 assists in 24.5 minutes per game this season. He’s a career 38.1% 3-point shooter and should get plenty of open looks playing with Phoenix’s stars.

Phoenix will see its luxury tax bill rise by $13.5MM, Gozlan tweets. Overall, the Suns will have a payroll and luxury tax penalty adding up to more than $254.5MM this season, Gozlan notes in another tweet.

By swapping out four players for a pair, Phoenix will also have to add another player to reach the league minimum or 14. That will also increase their tax bill.

Watanabe and Bates-Diop are signed through next year. Metu has an expiring contract and Goodwin’s contract includes a team option for next season.

Wizards Trade Daniel Gafford To Mavericks

February 8th, 2024 at 7:12pm CST by Arthur Hill

7:12pm: The trade sending Gafford to the Mavericks in exchange for Holmes and a 2024 first-round pick is official, the Wizards announced in a press release.

Washington will be receiving the second-least favorable of the Thunder’s, Clippers’, Rockets’ (top-four protected), and Jazz’s (top-10 protected) 2024 first-rounders.

12:11pm: The Mavericks will be acquiring the Thunder’s second-least favorable 2024 first-round pick in order to reroute it to the Wizards, reports Stein (Twitter link). Details on that separate deal can be found right here.

10:25am: The Mavericks are nearing a deal to acquire Daniel Gafford from the Wizards in exchange for Richaun Holmes and draft picks, tweets Adrian Wojnarowski of ESPN.

Dallas has been in the market for another big man and lands a reliable rim protector in Gafford, who has been Washington’s starting center for the better part of the last three seasons. The 25-year-old is posting career highs across the board with 10.9 points, 8.0 rebounds, 1.5 assists, 1.0 steals and 2.2 blocks through 45 games.

Gafford is under contract on a team-friendly deal at $12.4MM this season, $13.4MM next season and $14.4MM for 2025/26. He will fortify the Mavericks’ front court and will likely split time at center with rookie Dereck Lively II.

Holmes, 30, was acquired from the Kings last offseason but never established himself as part of the Mavs’ rotation. He appeared in 23 games, starting two, and averaged 3.4 points and 3.4 rebounds in 10.3 minutes per night. He’s making $12MM this year and holds a $12.9MM player option for next season.

The Mavericks are trying to acquire draft assets from other teams so they can send them to Washington to complete the trade, sources tell Marc Stein (Twitter link). Stein adds that Dallas is close to a deal with the Thunder for draft compensation that will be relayed to the Wizards (Twitter link).

Mavericks Acquire P.J. Washington From Hornets

February 8th, 2024 at 6:43pm CST by Arthur Hill

6:43pm: The deal is official, according to press releases from both teams. The Hornets’ announcement indicates that the two draft picks they sent to Dallas are second-rounders in 2024 and 2028.

Charlotte’s lone 2024 second-round selection is Boston’s pick, so that will presumably be the one headed to the Mavericks. The Hornets own the Clippers’ 2028 second-rounder as well as their own, so it’s unclear which of those was included in the deal.

The Hornets didn’t announce in their press release which player they waived to complete the one-for-two trade, but an earlier report stated that James Bouknight was being let go.

12:07pm: The Hornets will send P.J. Washington to the Mavericks in exchange for Grant Williams, Seth Curry and a first-round pick, tweets Shams Charania of The Athletic.

The pick will be Dallas’ 2027 selection, which will be top-two protected, Charania adds (Twitter link). In return, the Mavs will get two second-rounders from Charlotte.

Dallas was willing to part with its last tradeable first-rounder so it could keep Josh Green out of the deal, sources tell Marc Stein (Twitter link).

Washington provides Dallas with a reliable frontcourt scorer on a manageable long-term contract. He’s signed through the 2025/26 season with annual salaries of $16.8MM, $15.5MM and $14.1MM and has a bonus of $500K if he plays at least 74 games or 2,400 minutes, which is considered unlikely, according to Bobby Marks of ESPN (Twitter link).

The 25-year-old forward has been with Charlotte since being selected with the 12th pick in the 2019 draft. He was used mainly off the bench this year after starting last season and was averaging 13.6 points, 5.5 rebounds and 2.2 assists in 44 games.

The Mavericks find a way to move off the four-year deal they gave Williams last summer in a sign-and-trade with Boston. He’s making $12.4MM this year and is owed $13MM, $13.6MM and $14.2MM over the next three seasons. Williams, 25, hadn’t provided the fit that Dallas was hoping for and was averaging just 8.1 points and 3.6 rebounds in 26.4 minutes per night.

Curry, who heads to his hometown in the trade, is effectively an expiring contract as his $4MM salary for next season is non-guaranteed. The 33-year-old shooting specialist appeared in 36 games after signing with the Mavericks last summer, but was averaging just 4.3 PPG and playing 12.7 minutes per night.

Sixers, Pacers, Spurs Complete Hield, McDermott Deals As Three-Team Trade

February 8th, 2024 at 6:40pm CST by Luke Adams

The Pacers, Sixers, and Spurs have folded a pair of separate trade agreements into a single transaction, announcing in a series of press releases that the deals sending Buddy Hield to Philadelphia and Doug McDermott to Indiana have been officially completed as a three-team trade.

The Pacers initially agreed to acquire Marcus Morris, Furkan Korkmaz, three second-round picks, and cash from Philadelphia in exchange for Hield, then reached a deal to flip Morris, one of those second-rounders to San Antonio, and cash for McDermott. Those three pieces will go directly to the Spurs instead.

Here are the full details:

Sixers acquire Hield.
Pacers acquire McDermott, Korkmaz, the Raptors’ 2024 second-round pick (from Sixers), the Trail Blazers’ 2029 second-round pick (from Sixers), and cash (from Sixers).
Spurs acquire Morris, the Clippers’ 2029 second-round pick (from Sixers), and cash (from Sixers).

The 2024 second-round pick going from Philadelphia to Indiana technically includes “most favorable” language and could come from a different team, but there’s essentially no chance it won’t be Toronto’s second-rounder, given their place in the standings.

Folding the two trades into one deal doesn’t materially change much, but it will introduce one notable new wrinkle. If Morris had been traded to Indiana, then sent to San Antonio in a separate deal, he would’ve been eligible to re-sign with the Sixers in the event the Spurs buy him out. However, due to the structure of the deal, he now won’t be permitted to sign with Philadelphia if he’s waived by San Antonio.

A player is prohibited from rejoining a team that traded him if his new team waives him, but if he’s traded twice before being cut, he’s only ineligible to join the club that traded him most recently.

Korkmaz, who is being waived by the Pacers, will also be prohibited from re-signing with the Sixers, though as we noted in a separate story, that was never a likely outcome.

For more details on the Hield and McDermott deals, check out our full stories on the trade agreements.