Transactions Rumors | Hoops Rumors

Raptors Acquire Olynyk, Agbaji From Jazz For 2024 First-Round Pick

February 8th, 2024 at 2:52pm CST by Luke Adams

2:52pm: The trade is official, the Raptors and Jazz announced in a pair of press releases.

9:38am: The Jazz have agreed to trade center Kelly Olynyk and wing Ochai Agbaji to the Raptors, sources tell ESPN’s Adrian Wojnarowski (Twitter link). According to Wojnarowski, Utah will receive Kira Lewis, Otto Porter, and a 2024 first-round pick from Toronto in the deal.

That 2024 first-rounder will be the least favorable of the Thunder’s, Clippers’, Rockets’, and Jazz’s picks, per Wojnarowski (Twitter link), so it figures to land near the end of the first round. Utah’s pick is top-10 protected, meaning there’s a scenario in which the Jazz end up hanging onto their own first-rounder and receive a separate pick (likely OKC’s or L.A.’s) as a result of this deal.

While it’s a little surprising to see a lottery-bound team like the Raptors surrender a first-round pick, the deal will net them a solid big man in Olynyk and a promising young prospect in Agbaji, who was the 14th overall pick in the 2022 draft.

Assuming the Raptors intend to hang onto Olynyk, the Toronto native will become the ninth Canadian to play for the franchise and will provide some depth in a frontcourt that’s relatively thin behind Jakob Poeltl. A forward/center who can stretch the floor, Olynyk is averaging 8.4 points, 5.1 rebounds, and a career-high 4.4 assists in 20.4 minutes per game across 50 appearances this season. The 32-year-old has made 42.9% of his three-pointers, boosting his career rate to 37.0%.

Olynyk is on an expiring contract, but the Raptors will control his Bird rights this offseason, giving them the ability to go over the cap to re-sign him or to figure out a sign-and-trade.

As for Agbaji, the young wing hasn’t shown much offensive game since entering the league last season, but is a solid defender who still has room to grow and is under contract through 2026. The Raptors have liked Agbaji for a while, tweets Josh Lewenberg of TSN.ca, and presumably view him as the type of player who can develop alongside the team’s young core of Scottie Barnes, Immanuel Quickley, and RJ Barrett.

The Jazz and Raptors had reportedly been discussing a similar deal that would have included Bruce Brown – rather than a first-round pick – going to Utah. However, Toronto controlled an excess of picks in a 2024 draft that the club isn’t believed to be especially high on, while the Jazz are at risk of losing their own ’24 first-round selection, so the inclusion of the low first-rounder makes some sense.

The Raptors still own the Pacers’ first-round pick and the Pistons’ second-round pick in 2024, and would hang onto their own first-rounder if it ends up in the top six.

Lewis’ salary couldn’t be aggregated in a trade after being acquired from Indiana last month, but that won’t be necessary, since Porter’s $6.3MM cap hit is enough on its own to match Olynyk’s $12.2MM incoming salary, while Lewis’ $5.7MM salary will be used to match Agbaji’s $4.1MM cap hit.

It remains to be seen whether the Jazz will hang onto Lewis and/or Porter for the rest of the season. Lewis is a former lottery pick and Porter has had some strong seasons as a three-and-D wing, but both players have battled injuries in recent years and haven’t played much outside of garbage time in 2023/24.

Grizzlies Waive Victor Oladipo

February 8th, 2024 at 2:50pm CST by Rory Maher

The Grizzlies have waived Victor Oladipo, reports Shams Charania of The Athletic (Twitter link).

The news was expected, as Chris Herrington of The Daily Memphian reported yesterday that the Grizzlies were planning to release Oladipo if they were unable to flip him to another team before today’s 2:00pm CT trade deadline.

A former two-time All-Star, Oladipo’s once-promising career has unfortunately been derailed by a series of major leg injuries. He tore his left patellar tendon in the playoffs last April and has yet to play in 2023/24. Over the past five seasons, he has only appeared in 102 regular season games.

Oladipo was traded from Houston to Memphis last week in the deal that sent injured center Steven Adams to the Rockets. The Grizzlies also received three second-round picks.

Assuming he clears waivers, which is a virtual certainty, Memphis will be on the hook for Oladipo’s full $9.45MM salary.

Mavs Acquire 2024 First-Round Pick From Thunder For 2028 Swap

February 8th, 2024 at 2:30pm CST by Luke Adams

The Mavericks have acquired a 2024 first-round pick from the Thunder in exchange for a future draft pick swap, both teams announced today. Oklahoma City will have the ability to swap its own 2028 first-round selection for Dallas’ ’28 first-rounder.

The Mavs, in turn, will flip that newly acquired ’24 first-round pick to the Wizards in the Daniel Gafford/Richaun Holmes trade, as was previously reported.

The pick that will head to Washington by way of Dallas will be the second-least favorable of the Clippers’, Thunder’s, Rockets’, and Jazz’s 2024 first-rounders.

The Thunder projected to have multiple picks in the first round of the 2024 draft and were unlikely to use them all, so they’ll push one of those assets down the road, betting on their odds to place ahead of the Mavs in the standings in 2028 and take advantage of that swap.

Conversely, the 2024 first-round pick is more valuable to the Wizards than a 2028 swap would have been, since they’re in the rebuilding process and want to add young talent sooner rather than later.

Raptors Will Waive Spencer Dinwiddie

February 8th, 2024 at 2:15pm CST by Luke Adams

The Raptors don’t intend to keep veteran guard Spencer Dinwiddie on their roster after acquiring him from Brooklyn. According to Shams Charania of The Athletic (Twitter link), Toronto will waive Dinwiddie before he plays in a game for Toronto.

Dinwiddie is on an expiring contract and has a $1.5MM bonus in his contract if he appears in 50 games. He’s at 48 games now, so he would’ve locked that bonus in with two more appearances and the Raptors would prefer not to be on the hook for that money, since the point guard isn’t in their future plans.

The deal that sent Dennis Schröder and Thaddeus Young was about creating more cap flexibility for the 2024 offseason by moving off of Schröder’s multiyear deal.

It has been a down year so far for Dinwiddie, who averaged just 12.6 points per game on .391/.320/.781 in 48 games (all starts) for Brooklyn while logging 30.7 minutes per night. Those shooting percentages are well below his career rates and the scoring average is his lowest in a healthy season since he averaged 12.6 PPG in 2017/18.

Still, he’s likely to generate plenty of interest on the buyout market, with the Lakers among the teams that might be a fit. Because Dinwiddie’s base salary of $18.9MM exceeds the mid-level exception, he’ll be ineligible to sign with the Celtics, Nuggets, Warriors, Clippers, Heat, Bucks, and Suns, whose team salaries are above the tax apron. He also won’t be permitted to rejoin the Nets.

Spurs Trading Doug McDermott To Pacers

February 8th, 2024 at 1:52pm CST by Arthur Hill

The Pacers will acquire Doug McDermott from the Spurs, tweets ESPN’s Adrian Wojnarowski.

San Antonio will receive Marcus Morris, a second-round pick, and cash in return, sources tell Shams Charania of The Athletic (Twitter link). One of the picks is in 2029, according to Jake Fischer of Yahoo Sports (Twitter link).

Morris, whom Indiana is acquiring from Philadelphia in the Buddy Hield trade, will likely be bought out by San Antonio, Charania adds (Twitter link).

If Morris becomes a free agent, he would be ineligible to return to the Pacers or join the seven teams operating above the first or second tax apron: the Celtics, Nuggets, Warriors, Clippers, Heat, Bucks and Suns. Morris would be able to return to the Sixers if the trades involving Hield and McDermott are separate, rather than one three-team transaction.

The Pacers will create a $3.4MM trade exception in the deal, according to Yossi Gozlan of HoopsHype (Twitter link). They also get a useful shooter after sending Hield to Philadelphia, while adding some draft assets.

McDermott returns to Indiana, where he spent three seasons before leaving for San Antonio in a sign-and-trade deal in 2021. The 32-year-old forward has seen his playing time reduced this season, but he’s a career 41.2% career shooter from long distance and is connecting at 43.9% through 46 games this season.

Although Morris is unlikely to join the Spurs, it’s something of a reunion for him as well. Gozlan notes that he was close to signing with San Antonio five years ago before changing his mind.

Nets To Cut Harry Giles

February 8th, 2024 at 1:25pm CST by Luke Adams

Harry Giles will be a roster casualty in Brooklyn, according to Chris Haynes of Bleacher Report, who reports (via Twitter) that the Nets are waiving the big man.

Giles, a former first-round pick, returned to the NBA in 2023/24 after missing two full seasons due to knee injuries. He signed a non-guaranteed, minimum-salary contract with the Nets, earning a spot on the team’s regular season roster and then having his full salary guaranteed when he remained on the roster through January 7.

Giles played sparingly in Brooklyn, appearing in 16 games and averaging just 5.1 minutes per night. He posted 3.4 points and 1.6 rebounds per game in his limited role.

The Nets have agreed to a pair of trades today in which they’ll take back more players than they send out. Waiving Giles will allow them to complete one of those deals. They’ll have to cut one more player – either from their current roster or one of the incoming players in the first trade – in order to finalize the second transaction.

Giles, meanwhile, will clear waivers on Saturday if he goes unclaimed, and will be free to sign with any team at that point. He also remains eligible for a two-way contract.

Sixers Trade Danuel House, Second-Round Pick To Pistons

February 8th, 2024 at 1:11pm CST by Luke Adams

1:11pm: The trade is official, per NBA.com’s transaction log.

According to Shams Charania of The Athletic (Twitter links), the Pistons have already waived House, who is expected to receive interest from playoff teams.

9:59am: The Sixers have agreed to trade swingman Danuel House and a 2024 second-round pick to the Pistons, reports Adrian Wojnarowski of ESPN (Twitter link). According to Wojnarowski, the second-rounder will be New York’s pick.

The Pistons are also receiving some cash from the 76ers and will send out a top-55 protected 2028 second-round pick, per James L. Edwards III of The Athletic (Twitter link).

The move is a relatively straightforward salary dump, since shedding House’s expiring $4.3MM contract will allow Philadelphia to move from about $1.6MM above the luxury tax line to $2.7MM below it. The Pistons will get a second-round pick for their willingness to take on House’s salary and accommodate the move.

As Wojnarowski notes (via Twitter), moving off of House will allow the Sixers to be active in the buyout market without surpassing the tax line. Kyle Lowry is one notable potential target in that scenario, assuming he’s bought out by Charlotte.

Philadelphia will have a pair of open 15-man roster spots after completing its deal with the Pistons, as well as its acquisition of Buddy Hield. The 76ers will also create a trade exception worth $4.3MM.

The Pistons, meanwhile, intend to take House into the trade exception they created in last month’s deal with Washington, sources tell Edwards (Twitter link).

Detroit has agreed to a series of deals that will increase its roster count, so the Pistons will have to make at least a couple cuts to accommodate those moves and likely won’t retain some of the players they’re acquiring today. It’s unclear whether they intend to hang onto House after acquiring him.

In 34 appearance (four starts) for Philadelphia this season, House averaged 4.2 points and 1.7 rebounds in 15.0 minutes per game, with a .448/.300/.761 shooting line.

Pacers To Trade Buddy Hield To Sixers

February 8th, 2024 at 9:26am CST by Luke Adams

The Pacers and Sixers have agreed on a trade that will send sharpshooter Buddy Hield to Philadelphia, according to Adrian Wojnarowski of ESPN, who reports (via Twitter) that Indiana will receive forward Marcus Morris, guard Furkan Korkmaz, and three second-round picks.

The Sixers will also sent the Pacers $1.5MM in cash, a league source tells Keith Pompey of The Philadelphia Inquirer (Twitter link). Pompey reports that the draft picks involved in the deal will be the Raptors’ 2024 second-rounder, and the Clippers’ and Trail Blazers’ 2029 second-rounders.

Shams Charania of The Athletic first reported (via Twitter) that the two teams were nearing a deal for Hield.

Although he’s having a down year relative to his career rates, Hield remains one of the NBA’s most dangerous outside shooters. The 31-year-old is averaging 12.0 points, 3.2 rebounds, and 2.7 assists in 25.7 minutes per night (52 games) so far in 2023/24, with a 38.4% three-point rate on 6.9 attempts per contest.

Hield saw his role cut back this season on a deep Indiana roster — his 9.9 field goal attempts per game represent his lowest mark since he was a rookie in 2016/17.

However, he’s a career 40.1% three-point shooter and has knocked down at least 262 total threes in each of the past five seasons prior to this one. His now-former teammate Tyrese Haliburton raved this week about Hield’s ability to space the floor and create room for others to operate.

The Sixers had been in the market for size and shooting ahead of the trade deadline and will achieve one of those goals without compromising their projected cap room for this offseason, since Hield – like Morris and Korkmaz – is on an expiring contract. They also didn’t have to give up a first-round pick, which Indiana had been seeking for Hield as recently as Wednesday, tweets Kyle Neubeck of PHLY Sports.

As cap expert Yossi Gozlan notes (via Twitter), Hield’s $19.3MM cap hit for this season will be adjusted upward to $19.8MM as a result of the trade, since some of the playoff-related bonuses in his contract that were considered unlikely will now be deemed likely. Hield is extension-eligible through June 30, though he’d be limited to a two-year deal and 5% raises if he inks a new deal prior to free agency.

Philadelphia remains about $1.6MM above the luxury tax line, Gozlan adds (via Twitter), and can create a $5.4MM trade exception in the deal.

Hield had long been considered a trade candidate for the Pacers, who explored a preseason extension with the veteran shooting guard and couldn’t agree to terms. Recognizing that they likely wouldn’t keep Hield beyond this season, Indiana decided to get what it could for him now.

The Pacers won’t have to waive a player to complete the deal, since they have two open spots on their 15-man roster following the expiration of James Johnson‘s 10-day contract on Wednesday night.

It’s unclear if Indiana intends to hang onto both Morris and Korkmaz. A physical, versatile forward and a Philadelphia native, Morris averaged 6.7 PPG and 2.9 RPG on .439/.400/.861 shooting in 37 games (17.2 MPG) for the Sixers this season, while Korkmaz chipped in 2.5 PPG on .395/.350/.700 shooting in 35 contests (8.6 MPG).

Morris is making $17.1MM; Korkmaz’ cap hit is $5.4MM.

Jazz Trade Simone Fontecchio To Pistons

February 8th, 2024 at 9:25am CST by Luke Adams

FEBRUARY 8: The Jazz and Pistons have officially completed their deal, issuing press releases to confirm the move.

FEBRUARY 7: The Jazz and Pistons have agreed to a trade that will send forward Simone Fontecchio to Detroit in exchange for a 2024 second-round pick, reports Adrian Wojnarowski of ESPN (Twitter link).

That 2024 draft pick will be the more favorable of the Wizards’ and Grizzlies’ second-rounders, since that’s the only ’24 second-round selection the Pistons control, as Zach Lowe of ESPN confirms (via Twitter).

In addition to that pick, Utah is acquiring Detroit forward Kevin Knox, reports James L. Edwards III of The Athletic (via Twitter). The Jazz will also receive the rights to Gabriele Procida, the 36th overall pick in the 2022 draft, Wojnarowski adds (via Twitter).

An Italian forward who played in Europe for a decade before making the move to the NBA, Fontecchio signed a two-year, $6.25MM contract with the Jazz during the 2022 offseason. He played a modest rotation role in 52 games as a rookie, but has seen his minutes increase in 2023/24.

Fontecchio has averaged 8.9 points, 3.5 rebounds, and 1.5 assists in 23.2 minutes per game across 50 appearances (34 starts) this season, posting a solid shooting line of .450/.391/.800 while attempting 4.7 three-point shots per night. He reportedly drew recent trade interest from the Celtics, Suns, and Cavaliers, among others, so Detroit may have had to outbid a few rival suitors to land him.

The Pistons view Fontecchio as a player whom they’ll retain beyond this season, according to Wojnarowski (Twitter link). Although he’s on an expiring contract, the 28-year-old will be eligible for restricted free agency this summer and Detroit will control his Early Bird rights in addition to projecting to have no shortage of cap space, so the club is well positioned to re-sign him.

In exchange for Fontecchio, the Jazz will receive a draft pick that figures to land near the top of the 2024 second round, as well as Procida, a 21-year-old draft-and-stash prospect who was selected early in the second round two years ago. The Wizards’ 2024 second-rounder currently projects to be No. 32 overall, while Procida – another Italian wing – is playing for Alba Berlin in Germany.

Utah will also receive Knox, a former lottery pick who is unlikely to replicate Fontecchio’s role or his production – especially from the three-point line – and essentially functions as a salary-matching piece. However, it’s possible he’ll get an opportunity to vie for rotation minutes as the 10th-seeded Jazz fight for a play-in spot. The 24-year-old averaged 7.2 PPG and 2.4 RPG on .462/.330/.909 shooting in 31 games (18.1 MPG) for Detroit.

Knox was signed by the Pistons on November 8, meaning he’ll become trade-eligible just ahead of Thursday’s deadline. Sending him out for salary-matching purposes will allow Detroit to retain the $5.7MM trade exception the team generated in last month’s deal with the Wizards.

The Jazz, meanwhile, will be able to take on Knox’s minimum-salary contract using the minimum salary exception, allowing them to create a new trade exception worth just north of $3MM for Fontecchio.

Celtics Acquire Xavier Tillman From Grizzlies

February 7th, 2024 at 6:06pm CST by Luke Adams

6:06pm: The trade is official, the Celtics announced (via Twitter).

2:09pm: The Celtics will send forward Lamar Stevens to Grizzlies in the deal, reports Jake Fischer of Yahoo Sports (Twitter link).

That means Boston will maintain an open spot on its 15-man roster and won’t have to use an existing trade exception to take on Tillman. The C’s will also generate a small amount of tax savings, notes cap expert Yossi Gozlan (Twitter link).

Stevens, who is on a one-year, minimum-salary contract could immediately see rotation minutes for the injury-plagued Grizzlies. He appeared in just 19 games for Boston, averaging 2.8 points and 1.6 rebounds in 6.4 minutes per contest.

1:36pm: The Grizzlies have agreed to trade big man Xavier Tillman to the Celtics, sources tell Adrian Wojnarowski of ESPN (Twitter link).

According to Wojnarowski (Twitter link), Memphis will receive a pair of future second-round draft picks from Boston in the deal: Atlanta’s 2027 second-rounder and Dallas’ 2030 second-rounder.

Tillman is in his fourth NBA season and has appeared in 207 total regular season games for Memphis since being drafted 35th overall in 2020.

He’s having a down year for the struggling Grizzlies in 2023/24, shooting a career-worst 40.8% from the field, but has been a reliable depth piece in the past, averaging 6.2 points, 4.2 rebounds, and 1.3 assists in 17.1 minutes per game with a .552 FG% in his first three seasons. He’s also a stout, versatile defender.

Tillman emerged as a trade candidate this season because he’s in the final year of his contract and didn’t project to be part of the Grizzlies’ future plans — he hadn’t signed a new deal with the club despite having been extension-eligible for the past two seasons.

Having fallen out of postseason contention this year, Memphis opted to get what it could for the 25-year-old, adding a couple second-round picks to its collection of draft assets after acquiring three second-rounders for Steven Adams last week.

The Celtics, meanwhile, will add frontcourt depth behind primary big men Kristaps Porzingis and Al Horford. Luke Kornet and two-way player Neemias Queta have given Boston some solid minutes this season, but the team wanted to add another body up front for insurance purposes, especially since Porzingis and Horford have missed several games. Porzingis has dealt with minor health issues, while Horford has been held out of one half of all the club’s back-to-back sets.

The Celtics have an open spot on their 15-man roster, so they won’t have to cut anyone to take on Tillman. They also don’t necessarily have to send out any matching salary, even though the big man’s minimum-salary contract can’t be acquired using the minimum salary exception, since they have a traded player exception available to accommodate the incoming cap figure.

An extension is no longer a viable option for Tillman due to extend-and-trade limitations, so he’ll remain on track to become an unrestricted free agent this summer. Boston will hold his Bird rights at that time, allowing the team to re-sign him without requiring cap space.