Transactions Rumors | Hoops Rumors

Hornets Trade Rozier To Heat For Lowry, First-Round Pick

January 23rd, 2024 at 1:30pm CST by Luke Adams

1:30pm: The trade is official, according to announcements from both the Hornets and Heat.

“I want to thank Terry for all his efforts since coming to Charlotte,” Hornets president of basketball operations Mitch Kupchak said in a statement. “On the court, he was a true professional and a great competitor who set a positive example for our young players. He also made himself a staple of the Charlotte community with his commitment to giving back. We wish him all the best in the future.

“The acquisition of a future first-round pick provides us an asset as we look to build long-term sustainable success around our young core of talented players. We believe adding this future pick and the additional financial flexibility from this trade will be beneficial as we continue to build our team moving forward.”

9:13am: The Hornets are trading guard Terry Rozier to the Heat in exchange for Kyle Lowry and Miami’s 2027 first-round pick, sources tell Adrian Wojnarowski of ESPN (Twitter link). Shams Charania of The Athletic first reported (via Twitter) that the two teams were closing in on a deal.

The 2027 first-rounder will be lottery protected, according to Jake Fischer of Yahoo Sports (Twitter link). If it lands in the top 14 of the ’27 draft, the Heat would keep it and would instead send the Hornets their unprotected 2028 first-round pick, Fischer adds.

Rozier is in the midst of a career year. His 23.2 points and 6.6 assists per game through 30 appearances (35.5 MPG) are both career highs, as is his 45.9% field goal percentage.

While the 29-year-old has played a key role in Charlotte in recent years – starting all 298 games he has played for the team since 2019 – the 10-31 Hornets are far from contention, so it makes sense for the team to move on from him and recoup future assets.

Fischer reported last week that Rozier had a “known preference” to end up in Miami if he were to be traded this season. According to Barry Jackson of The Miami Herald (Twitter link), Rozier’s favorite player growing up was Heat star Dwyane Wade.

The Heat have had a solid first half despite dealing with injuries to several starters and rotation players — they currently sit in a tie for the sixth seed in the East, with a 24-19 record. Still, the club could use the sort of offensive punch that Rozier will provide. Miami’s 113.4 offensive rating ranks just 20th in the NBA and 10th among Eastern teams.

Rozier is earning approximately $23.2MM this season, while Lowry is on a $29.7MM expiring contract, so the deal will save the Heat a substantial chunk of money in the short term. In addition to trimming its 2023/24 team salary, Miami will reduce its projected luxury tax bill by approximately $15MM and will move well below the second tax apron, as cap experts Yossi Gozlan and Bobby Marks observe (Twitter links).

The move will add some money to the Heat’s books in future seasons, however. Whereas Lowry will reach free agency this offseason, Rozier is owed $24.9MM in 2024/25, and his $26.6MM cap hit for ’25/26 features a significant partial guarantee ($24.9MM).

The Hornets, meanwhile, will create some cap flexibility for future seasons by moving Rozier’s multiyear deal for Lowry’s expiring contract. As Gozlan points out (via Twitter), the team could generate approximately $45MM in cap room this summer.

However, Charlotte likely isn’t done dealing and remains in asset accumulation mode, as Wojnarowski tweets. Miles Bridges, P.J. Washington, and Gordon Hayward are among the other veteran candidates on the Hornets’ roster. Additionally, the front office is expected to see if it can flip Lowry in another trade before the February 8 deadline, sources tell Wojnarowski (Twitter link).

Lowry won’t have positive trade value on his own, but his expiring money may appeal to a team looking to move off a player on a multiyear deal. The Hornets could potentially extract an asset or two if they’re willing to take back an unwanted contract.

If no trade emerges for Lowry, he’d be a buyout candidate after the trade deadline. Because his salary is above the mid-level exception, the 37-year-old wouldn’t be permitted to sign with a team whose salary is above either tax apron. He’d also be ineligible to return to Miami.

It’s worth noting that the Heat owe a lottery-protected 2025 first-round pick to Oklahoma City and can’t leave themselves without first-rounders in consecutive drafts, due to the Stepien rule. So if that ’25 pick lands in the lottery, Miami would owe the Thunder an unprotected 2026 first-round selection and would send Charlotte its unprotected 2028 first-rounder.

The Heat will create a $6,477,319 trade exception in the swap — that’s the difference between Lowry’s outgoing salary and Rozier’s incoming cap charge.

Trail Blazers Sign Taze Moore To 10-Day Contract

January 20th, 2024 at 11:54am CST by Tristan Tucker

11:54am: Moore’s 10-day deal with the Blazers is official, according to a release from the team (Twitter link).

10:17am: The Trail Blazers are signing guard Taze Moore to a 10-day contract, according to ESPN’s Adrian Wojnarowski (Twitter link).

Moore spent most of this season with the Texas Legends before being traded from Dallas’ G League affiliate to Portland’s, the Rip City Remix. In 21 regular season and Showcase Cup games in the G League, Moore has averaged 9.2 points, 5.2 rebounds, 3.7 assists and 1.4 steals per contest.

Moore, 25, played his first five collegiate seasons at Cal State Bakersfield before transferring to Houston for his final season, playing under coach Kelvin Sampson. After going undrafted in 2022, he spent time with the Nets in Summer League before landing with the Legends for the 2022/23 season. In his first professional season in the G League, he averaged 10.9 points and 5.7 rebounds.

The Mavericks signed Moore to an Exhibit 10 deal in the offseason before waiving him and having him rejoin the Legends. Texas traded him to the Remix last week in exchange for a first-round pick and a second-round pick in the 2024 G League draft, according to a release from the team.

Adding Moore will give the Blazers 14 players on standard contracts and three players on two-way deals.

As we explained last week, Portland was facing a deadline to add a 14th player, since NBA teams are not permitted to carry fewer than 14 players for more than two weeks at a time (or 28 total days over the course of the season). Today marked that deadline for the Blazers, since they dropped to 13 players by waiving Ish Wainright and Skylar Mays on January 6.

Wizards Sign Trey Jemison To 10-Day Contract

January 20th, 2024 at 11:04am CST by Tristan Tucker

11:04am: The Wizards officially announced that they’ve signed Jemison to a 10-day contract (Twitter link via the team).

8:29am: The Wizards plan to sign Trey Jemison to a 10-day contract, according to Shams Charania of The Athletic (Twitter link).

Jemison, a 7’0″ center out of UAB, is averaging 10.9 points, 11.8 rebounds and 1.6 blocks across 25 regular season and Showcase Cup games for the Birmingham Squadron in the G League this season.

Jemison went undrafted in 2023 after averaging 9.1 points and 8.4 rebounds in his senior season at UAB. As a rookie free agent, he joined the Suns for Summer League before signing an Exhibit 10 contract with New Orleans. He was then waived by the Pelicans and subsequently joined their G League affiliate in Birmingham.

Jemison will provide the Wizards with some frontcourt depth following their trade that sent big men Danilo Gallinari and Mike Muscala to Detroit. Starting center Daniel Gafford also hasn’t been cleared to exit the concussion protocol, leaving Washington further shorthanded up front.

The Wizards don’t have to waive anyone to make room for Jemison, as they have an open spot on the 15-man roster. Hamidou Diallo occupied the 15th spot through Friday by way of a 10-day contract, but it appears Washington won’t bring him back on a second 10-day deal at this time.

Diallo got into just two games with the Wizards during his 10 days with the club. He’s once again a free agent and it’s possible he’ll resume playing with the Capital City Go-Go, Washington’s G League affiliate, where he was playing before signing his deal.

Pacers Sign James Johnson To 10-Day Contract

January 19th, 2024 at 5:04pm CST by Rory Maher

The Pacers have re-signed veteran forward James Johnson, but this time he’ll receive a 10-day contract instead of a rest-of-season deal, the team announced in a press release.

Indiana waived Johnson a couple days ago in order to create roster space to acquire fourth-year guard Kira Lewis, who was immediately flipped to Toronto as a salary-matching piece for two-time All-Star Pascal Siakam.

The Pacers had two open 15-man roster spots after sending out three players (Bruce Brown and Jordan Nwora were the others) for Siakam — one of those spots will be going to Johnson.

The move was expected, as Tony East of SI.com reported shortly after Johnson was released that the team planned to bring him back if he cleared waivers.

Inking Johnson to a 10-day contract will give Indiana roster flexibility in the event of more trades ahead of the February 8 deadline. As our tracker shows, the 15-year veteran is the sixth player to sign a 10-day deal this season.

Technically, the Pacers are paying Johnson twice right now, as his previous contract was guaranteed after he remained on the roster through the cut-down deadline earlier this month. The dead money cap hit for that deal is about $1.4MM.

Johnson, who has played for 10 different NBA teams, averaged 4.8 minutes per game across five appearances in 2023/24. The 36-year-old played 18 games for the Pacers last season.

His on-court contributions have been modest the past two seasons, but clearly the Pacers value Johnson’s leadership and professionalism, which is why they keep bringing him back.

Cavaliers Sign Pete Nance To 10-Day Contract

January 18th, 2024 at 11:15am CST by Dana Gauruder

January 18: Nance’s 10-day deal is now official, per the Cavaliers.

January 16: The Cavaliers are signing big man Pete Nance to a 10-day contract, ESPN’s Adrian Wojnarowski tweets.

Cleveland is essentially rewarding a player already in its organization. Nance has averaged 13.5 points and 7.9 rebounds per game this season for the Cavs’ G League affiliate, the Cleveland Charge.

Nance went undrafted last year after spending four years at Northwestern and another with North Carolina. He was signed to an Exhibit 10 contract in September by the Cavs, then waived during training camp.

The Cavaliers needed to add another player to their 15-man roster after dropping to 13 players when they bought out Ricky Rubio, who announced his retirement earlier this month. NBA teams can’t carry fewer than 14 players on standard contracts for more than two weeks at a time, so the Cavs had a January 18 deadline to fill Rubio’s roster spot.

Nance is the son of former Cavs legend Larry Nance and the younger brother of Larry Nance Jr., who spent parts of four seasons with Cleveland.

Raptors Trade Pascal Siakam To Pacers, Waive Christian Koloko

January 17th, 2024 at 9:56pm CST by Rory Maher

The Raptors have traded star forward Pascal Siakam to the Pacers for Bruce Brown, Kira Lewis, Jordan Nwora, two 2024 first-round picks, and a top-four protected 2026 first-rounder, Indiana announced in a press release.

“We’re incredibly excited to welcome Pascal to Indiana,” said president of basketball operations Kevin Pritchard. “As a two-time All-NBA selection and two-time NBA All Star, Pascal is a player that our organization has long admired and respected. We feel that his unique offensive skillset will complement our style of play, while his defensive versatility will be a valuable asset to our team.”

The Raptors also announced the trade is complete in their own press release.

“Pascal is a champion, an integral part of winning teams and an example of what can be achieved with dedication, perseverance, hard work and tenacity,” said Raptors vice chairman and president Masai Ujiri. “We’re lucky to have seen Pascal develop into the man and player that he is today – and we are grateful for everything he has done for our city and for our franchise. We wish him all good things.

“This is a time of change for our team, and we welcome Bruce, Jordan and Kira to the Raptors and to Toronto. Bruce is a world champion, and we look forward to his two-way play and added toughness on the court. We continue the work of getting better every day, and continue moving forward in our quest to win here in Toronto.”

The Raptors needed to release a player to complete the deal, and that roster casualty was second-year center Christian Koloko, who has yet to play this season due to a respiratory issue. Assuming he clears waivers, Toronto will be on the hook for Koloko’s full 2023/24 salary, which comes in at $1,719,864. His salary for next season was non-guaranteed.

As a rookie last season, Koloko showed promise as a rim protector, averaging 3.1 PPG, 2.9 RPG and 1.0 BPG in 58 games, including 19 starts (13.8 MPG).

According to Blake Murphy of Sportsnet.ca (Twitter link), the Raptors are still “very high” on Koloko, but since there’s no timeline for his return to action, he was the odd man out. Murphy wouldn’t be surprised if Toronto signs Koloko to a G League contract or re-signs him to an NBA deal in the future.

Echoing that last point, Michael Grange of Sportsnet.ca believes there’s “a good chance” Koloko will remain with the Raptors in some capacity (Twitter link). Grange also hears Koloko has been ramping up his activity lately, but it’s unknown when the Cameroonian big man will be cleared to play again.

As ESPN’s Bobby Marks tweets, all four players involved in the deal can be traded again prior to the February 8 deadline but cannot be aggregated with other salaries. The Raptors also created a $10.2MM traded player exception in the deal, per Marks (Twitter link).

The Raptors now have a full 15-man roster, while the Pacers have 13 players on standard deals. Teams aren’t permitted to carry fewer than 14 players on standard contracts for more than 14 days at a time, so Indiana will have two weeks to re-add a 14th man.

For more details on the blockbuster trade, check out our story from earlier in the day, before it became official.

Pelicans Trade Kira Lewis Jr. To Pacers

January 17th, 2024 at 6:24pm CST by Rory Maher

The Pelicans have traded fourth-year guard Kira Lewis Jr. and a 2024 second-round pick — the least favorable of New Orleans’ and Chicago’s second-rounders — to the Pacers in exchange for cash considerations, the two clubs confirmed in press releases.

Indiana waived James Johnson to create a roster spot for Lewis.

Lewis won’t be staying in Indiana. He’ll be part of the package heading to Toronto in the Pascal Siakam blockbuster. Lewis will be eligible for restricted free agency in the summer if the Raptors give him a qualifying offer.

By trading Lewis’ $5.7MM contract, the Pelicans moved under the luxury tax line — they’d previously been over and have never paid the tax — so it’s a straightforward salary dump from their perspective.

A former lottery pick (13th overall in 2020), the 22-year-old was unable to carve out a regular spot in New Orleans’ rotation over the past two seasons after returning from a torn ACL in 2022/23. He has appeared in just 15 games this season for an average of 9.8 minutes per night.

The Pacers are acquiring Lewis using cap room, which means they’ll be able to immediately aggregate his salary in the Siakam trade. Bruce Brown, Jordan Nwora, and three first-round picks will also be sent to the Raptors in that deal.

The Pelicans now have 13 players on standard contracts. Teams aren’t permitted to carry fewer than 14 players on standard deals for more than 14 days at a time, so they’ll have two weeks to re-add a 14th man.

Pacers Waive James Johnson

January 17th, 2024 at 5:09pm CST by Rory Maher

As expected, the Pacers have officially waived veteran forward James Johnson, the team announced in a press release.

Indiana needed to open a roster spot to acquire Kira Lewis Jr. from New Orleans. Lewis — along with Bruce Brown, Jordan Nwora and three first-round picks — will then be sent to Toronto in a separate deal for Pascal Siakam.

According to Tony East of SI.com (Twitter link), the Pacers hope to re-sign Johnson, assuming he clears waivers in a couple days. After the three-for-one trade is complete, Indiana will have two open roster spots.

Interestingly, Johnson was waived as part of a blockbuster trade last year as well, but the Pacers re-signed him a few days later. It sounds like that will be the case again in 2024.

If he clears waivers and becomes an unrestricted free agent, the Pacers will owe Johnson about $2.2MM — the prorated version of the veteran’s minimum — while the team will carry a $1.4MM cap hit, according to Spotrac. The 36-year-old signed a one-year deal with Indiana last month after going unsigned over the offseason, which is why his salary is prorated.

Johnson, who has played for 10 different different NBA teams, averaged 4.8 minutes per game across five appearances in 2023/24. He played 18 games for the Pacers last season.

While he hasn’t contributed much on the court the past two seasons, the Pacers clearly value Johnson’s leadership and professionalism, which is why they keep bringing him back.

Pacers Finalizing Trade For Pascal Siakam

January 17th, 2024 at 1:24pm CST by Luke Adams

The Pacers and Raptors are finalizing an agreement on a trade that will send star forward Pascal Siakam to Indiana, sources tell Adrian Wojnarowski of ESPN (Twitter link).

The deal, whose framework was previously reported by Shams Charania and Jake Fischer, will send Bruce Brown, Jordan Nwora, and three first-round picks to Toronto, according to Wojnarowski. The Pelicans will also be involved, Wojnarowski notes, with fourth-year guard Kira Lewis headed to the Raptors.

Earlier reporting indicated that Indiana would likely include either Jalen Smith or Obi Toppin in their package for salary-matching purposes. However, by acquiring Lewis from New Orleans using their cap room, the Pacers will be able to immediately aggregate his salary with Brown’s and Nwora’s, making him the missing matching piece. As a result, the “three-team” deal will technically consist of two separate trades, ESPN’s Bobby Marks confirms (via Twitter).

The three first-rounders going to Toronto will be the Pacers’ own 2024 pick, a second ’24 first-rounder (via Oklahoma City), and Indiana’s 2026 pick, sources tell Wojnarowski (Twitter link). The 2024 pick from OKC will be the least favorable of the Thunder’s, Clippers’, Rockets’, and Jazz’s first-rounders. The 2026 pick will include top-four protection, according to Charania (Twitter link).

In the Pelicans/Pacers swap, New Orleans will receive cash from Indiana and will send a second-round pick to the Pacers, per ESPN’s Andrew Lopez and Wojnarowski (Twitter link). That will be a 2024 selection, tweets Christian Clark of NOLA.com, which means it’ll be the least favorable of the Pelicans’ and Bulls’ second-rounders.

The blockbuster deal is the culmination of several months of trade rumors involving Siakam. He was also at the center of speculation over the 2023 offseason, at which time the Raptors reportedly spoke to the Hawks and others about the two-time All-Star. The Mavericks, Warriors, Pistons, and Kings are among the teams that have been linked to him in recent weeks.

After getting a limited return for Kyle Lowry in a sign-and-trade deal in 2021 and then losing Fred VanVleet for nothing in 2023 free agency, the Raptors were more proactive this season in moving key players on expiring contracts ahead of February’s trade deadline. Toronto sent OG Anunoby and two other players to New York at the end of December in exchange for Immanuel Quickley, RJ Barrett, and a second-round pick.

The Pacers reportedly made an effort to acquire Anunoby before the Knicks landed him, but Siakam had been at the top of their wish list for over six months, tweets Scott Agness of Fieldhouse Files. While the Raptors were believed to be seeking a return headlined by a young player or two – like the one they got from the Knicks for Anunoby – Indiana was able to get the deal done with a pick-heavy package that didn’t include recent lottery selections Bennedict Mathurin or Jarace Walker.

By virtue of being traded, Siakam will no longer be eligible for a super-max contract in the event he makes an All-NBA team for a third time this season. Additionally, he won’t be able to sign an extension of more than two years with Indiana prior to free agency, since a longer-term extension deal isn’t permitted for six months after the trade.

However, the 29-year-old is excited to join the Pacers and is expected to be “eager” to figure out a new contract with the team this summer, sources tell Wojnarowski (Twitter link). The Pacers will hold his Bird rights, giving them the ability to offer up to five years once he becomes a free agent. They’ll have plenty of financial flexibility to make Siakam a part of the long-term core alongside star point guard Tyrese Haliburton.

“I’m excited that Pascal is getting a first class opportunity with the Pacers, being paired with Tyrese and Myles (Turner) and being coached by a great coach in Rick Carlisle,” Siakam’s agent Todd Ramasar said in a statement to Marc J. Spears of Andscape (Twitter link). “His future there looks bright there.”

The Raptors will now control at least two first-round picks in the 2024 draft, along with an early second-rounder from the Pistons that currently projects to be 31st overall. They traded their own ’24 first-rounder away to the Spurs in last season’s Jakob Poeltl deal, but it has top-six protection, so it’s not a lock to change hands — Toronto’s 15-25 record is tied for the sixth-worst mark in the NBA.

It’s unclear what Toronto’s plans are for Brown, who played an important role on the Nuggets’ championship team last season and could be a popular target for contenders on the trade market in the coming weeks.

Brown is on a pseudo-expiring $22MM contract — he has a $23MM club option for 2024/25, so if he remains a Raptor, the club could create in excess of $30MM in cap room by declining that option, notes Keith Smith of Spotrac (Twitter link). Nwora ($3MM) and Lewis ($5.7MM) are also on expiring deals.

While the Pacers’ 2023/24 team salary will increase beyond the cap once they officially acquire Siakam, the Raptors and Pelicans will gain significant cap relief. After being only slightly under the luxury tax line prior to the trade, Toronto will have about $9MM in breathing room below that threshold, tweets cap expert Yossi Gozlan.

New Orleans, meanwhile, will move from above the tax line to about $2.8MM below it, Gozlan adds (via Twitter). That will give the Pelicans – one of two NBA teams to never pay the tax – more room to operate on the trade market or in free agency in the coming weeks.

The Pacers will have to waive a player in order to acquire Lewis from New Orleans. Veteran forward James Johnson will be that roster casualty, per Tony East of SI.com (Twitter link). The Raptors, who currently have one open spot on their 15-man roster, will also need to make a cut in order to accommodate their three-for-one deal with Indiana.

Both the Pacers and Pelicans will end up with 13 players on standard contracts once the two trades are completed. Teams aren’t permitted to carry fewer than 14 players on standard deals for more than 14 days at a time, so both clubs will have two weeks to re-add a 14th man.

Scotty Pippen Jr. Signs Two-Way Contract With Grizzlies

January 16th, 2024 at 2:42pm CST by Luke Adams

2:42pm: Pippen has officially signed with the Grizzlies, the team announced today in a press release (Twitter link). He’ll be eligible to appear in up to 26 regular season games for the club.

2:30pm: Former Lakers guard Scotty Pippen Jr. has agreed to a two-way contract with the Grizzlies, agent Erika Ruiz tells Adrian Wojnarowski of ESPN (Twitter link). According to Wojnarowski, it will be a two-year deal, covering not just the rest of this season but 2024/25 as well.

Pippen, the son of Hall of Famer Scottie Pippen, spent his rookie year in 2022/23 on a two-way deal with the Lakers after going undrafted out of Vanderbilt. He logged just 32 total minutes in six games at the NBA level, but played regularly for the South Bay Lakers, averaging 22.2 points, 5.3 assists, and 3.7 rebounds in 28.3 minutes per game across 35 NBAGL appearances in the Showcase Cup and regular season.

After spending training camp with Los Angeles again this past fall, Pippen was waived ahead of the regular season and returned to South Bay. He has put up 20.2 PPG, 5.9 APG, and 5.3 RPG with a .485/.329/.846 shooting line in 17 G League games this season.

The Grizzlies had a two-way slot available after promoting Vince Williams to their standard 15-man roster last week. Pippen will join G.G. Jackson and Jacob Gilyard as Memphis’ two-way players.

Once Pippen officially signs, Memphis will have a full roster of 15 players on standard contracts and three on two-way deals. However, as we outlined earlier this afternoon, the Grizzlies are in position to fill out their roster beyond the standard limits due to a series of injuries that will make the team eligible for hardship exceptions.