Transactions Rumors | Hoops Rumors

Timberwolves Waive Keita Bates-Diop

October 21st, 2024 at 3:08pm CST by Rory Maher

The Timberwolves have set their 2024/25 regular season roster by waiving veteran forward Keita Bates-Diop, the team announced in a press release.

A report over the weekend stated Minnesota was looking to move off Bates-Diop’s $2,654,644 salary, which is fully guaranteed, but clearly the Wolves were unable to find a suitable trade. Assuming he goes unclaimed, Minnesota will now carry that figure as a dead-money cap hit for ’24/25.

According to Keith Smith of Sporac (Twitter link), Bates-Diop’s salary will cost the Wolves a projected $14.8MM when accounting for their luxury tax payment, though that’s a tentative figure that won’t be finalized until the season concludes.

The Wolves didn’t need to finalize their opening night roster until Monday evening. Bates-Diop wasn’t in attendance for Saturday’s practice, indicating that he was likely the odd man out. Removing him from the roster allows the club to hang onto PJ Dozier, whose salary is partially guaranteed.

A former second-round pick (No. 48 overall in 2018) who starred in college at Ohio State, Bates-Diop is a six-year veteran who holds career averages of 6.0 points and 3.0 rebounds on .474/.333/.751 shooting in 283 regular season games with Minnesota, Denver, San Antonio, Phoenix and Brooklyn. He signed a two-year, minimum-salary deal with the Suns last season before being traded to the Nets at the February deadline.

Bates-Diop was sent to New York in the Mikal Bridges trade and then was re-routed to Minnesota as a throw-in for salary-matching purposes in the Karl-Anthony Towns blockbuster, so it makes sense that he’s not in the Wolves’ plans.

The 28-year-old will become an unrestricted free agent on Wednesday if he clears waivers.

Jazz Pick Up 2025/26 Options On Four Players

October 21st, 2024 at 2:10pm CST by Luke Adams

The Jazz have exercised their 2025/26 rookie scale team options on four players, the team announced today in a press release. Those four players and their accompanying options are as follows:

Taylor Hendricks (third year, $6,127,080)
Walker Kessler (fourth year, $4,878,938)
Keyonte George (third year, $4,278,960)
Brice Sensabaugh (third year, $2,693,760)

After an impressive rookie season in which he finished third in Rookie of the Year voting, Kessler didn’t take a real step forward as a sophomore in 2023/24, with his averages slipping a little in categories like PPG (8.1), RPG (7.5), and FG% (.654). However, he’s still just 23 years old and is on an extremely team-friendly contract. He’ll now be eligible for a rookie scale extension in 2025 and will become a restricted free agent in 2026 if he doesn’t sign a new deal next offseason.

Hendricks, George, and Sensabaugh were first-round picks in the 2023 draft. Of the three, George saw the most significant role as a rookie, starting 44 of his 75 games and averaging 27.0 minutes per night. While he struggled to score efficiently, making just 39.1% of his shots from the floor (33.4% from beyond the arc), he showed real promise in his age-20 season, averaging 13.0 PPG and 4.4 APG.

Hendricks averaged 7.3 PPG and 4.6 RPG on .450/.379/.793 shooting in 40 games (23 starts) in his rookie year, while Sensabaugh had 7.5 PPG and 3.2 RPG on .390/.296/.902 shooting in 32 outings (11 starts). Both players only really saw significant playing time down the stretch after the Jazz fell out of the play-in race, but they should get an opportunity to earn more regular roles from day one in 2024/25.

The Jazz will have to make fourth-year option decisions on Hendricks, George, and Sensabaugh by October 31, 2025.

Pelicans Waive Malcolm Hill

October 21st, 2024 at 12:48pm CST by Luke Adams

The Pelicans have made a minor move ahead of Monday’s regular season roster deadline, announcing in a press release that they’ve placed swingman Malcolm Hill on waivers.

Hill had been on a two-way contract, so his release doesn’t affect New Orleans’ standard roster, which still features 14 players. The team has now opened up one its three two-way slots, however, with Jamal Cain and Trey Jemison occupying the others.

Hill, who will turn 29 on Saturday, has bounced around the basketball world since going undrafted out of Illinois in 2017, suiting up for teams in the Philippines, Germany, Kazakhstan, and Israel from 2017-21 before spending the last few years stateside.

While Hill has appeared in a total of 24 regular season games for the Hawks and Bulls since 2021, he has spent a significant portion of the past three years with the Birmingham Squadron, New Orleans’ G League affiliate. Last season, the 6’6″ wing appeared in 46 games for the Squadron, averaging 21.9 points, 6.2 rebounds, 2.9 assists, and 1.5 steals in 34.4 minutes per contest while posting an excellent shooting line of .476/.417/.899.

Although Hill finished the season on a two-year, two-way contract that he signed with New Orleans in February, he didn’t see any action at the NBA level with the Pelicans.

It wouldn’t be a surprise if the Pels have their eye on a specific player to fill their new two-way opening in the coming days, but there’s also nothing stopping them from holding that slot open to start the season.

Pistons Sign Cole Swider To Two-Way Contract

October 21st, 2024 at 9:49am CST by Luke Adams

As expected, the Pistons have filled one of their open two-way slots by signing forward Cole Swider to a two-way contract, the team announced today in a press release (Twitter link).

Reporting on Saturday indicated that Detroit planned to sign Swider and Alondes Williams to two-way deals after they were waived by the Pacers and Clippers, respectively. Swider cleared waivers on Sunday, while Williams will do so later today, assuming he goes unclaimed.

Swider, 25, played his college ball at Villanova and Syracuse before going undrafted in 2022. He spent his rookie season on a two-way contract with the Lakers and the 2023/24 campaign on a two-way deal with the Heat, appearing in 25 total NBA regular season games during that time.

Although the 6’8″ forward didn’t see much NBA action in his first two professional seasons, he excelled in the G League. In 21 outings last season for the Sioux Falls Skyforce, he averaged 24.5 points, 7.5 rebounds, and 2.9 assists per game on .485/.471/.846 shooting, knocking down an impressive 4.7 three-pointers per contest.

Swider was in camp with the Pacers this fall on a non-guaranteed deal and appeared to have a shot to make the team’s regular season roster. However, Indiana – without much breathing room below the luxury tax line – opted to keep its 15th roster spot open to begin the season, which freed up Swider to join the Pistons.

Swider and Williams will join Daniss Jenkins as Detroit’s two-way players to open the 2024/25 season.

Grizzlies Cut Four Camp Invitees

October 19th, 2024 at 5:15pm CST by Luke Adams

As expected, after promoting Yuki Kawamura to a two-way contract, the Grizzlies waived their four other players on Exhibit 10 contracts, Miye Oni, Maozinha Pereira, Armando Bacot, and Miles Norris, per NBA.com’s official transaction log.

Oni, Pereira, Bacot, and Norris were all in the mix for Memphis’ open two-way contract slot after Scotty Pippen Jr. was elevated to the standard roster, but once Kawamura got the nod, hitting waivers was the likeliest outcome for all four players.

Oni, the 58th overall pick in the 2019 draft, appeared in 80 NBA games across two-and-a-half seasons with the Jazz before being traded to the Thunder, who waived him. The former Yale star signed a 10-day contract with the Pelicans in February 2022, but didn’t play a game for the team and hasn’t been in the NBA since then. He spent the 2022/23 season with the London Lions in the British Basketball League and ’23/24 with the Osceola Magic in the G League.

Pereira, a 24-year-old forward from Brazil, signed a pair of 10-day contracts with the Grizzlies last season and and appeared in seven games for the club, averaging 6.9 points and 5.3 rebounds per contest with a .514/.385/.700 shooting line. He spent most of the season with the Mexico City Capitanes in the NBAGL.

Bacot is coming off a decorated five-year college career at North Carolina, where he became the men’s basketball program’s top rebounder for both a single season (511 in 2021/22) and a career (1,715). He averaged 13.9 PPG and 10.1 RPG over the course of 169 college games for the Tar Heels and earned All-ACC honors four times, including First Team nods in 2022 and 2023.

Norris, 24, signed a two-way contract with Atlanta last summer after going undrafted out of California-Santa Barbara. He was waived in December and joined the Hawks’ G League team in College Park, where he averaged 11.6 PPG and 6.0 RPG in 45 games (29.2 MPG). Norris also played for Atlanta in the Las Vegas Summer League the past two years.

The Grizzlies’ G League team – the Memphis Hustle – traded for the returning rights to Oni, Pereira, and Norris during the offseason and can make Bacot an “affiliate player,” so all four players will likely end up with the Hustle. If they spend at least 60 days with Memphis’ NBAGL affiliate, they’ll earn Exhibit 10 bonuses worth $77.5K apiece.

The Grizzlies’ roster now appears set for the regular season, with 14 players on standard contracts and three on two-way deals.

Minor Moves: Thunder, Raptors, Celtics, Lakers, Bucks

October 19th, 2024 at 5:01pm CST by Luke Adams

The Thunder have waived forward Malevy Leons, the team announced today. Leons went undrafted in June out of Bradley and signed an Exhibit 10 contract with Oklahoma City in September. His next stop will likely be with the OKC Blue, the Thunder’s G League affiliate. If he spends at least 60 days with the Blue, Leons will earn an Exhibit 10 bonus worth $77.5K.

Meanwhile, the Thunder’s roster is now regular season compliant. They’re carrying 13 players on standard guaranteed salaries, a pair on non-guaranteed deals, and three on two-way pacts.

Here are a few more minor transactions completed on Saturday around the NBA:

The Raptors signed and subsequently waived forward Kevin Obanor, according to Blake Murphy of Sportsnet (Twitter links). After going undrafted out of Texas Tech in 2023, Obanor spent his rookie season with the Raptors 905. Today’s sign-and-waive transaction suggests he’ll be returning to the 905 this fall — Toronto already held his returning rights, but today’s moves will allow the 25-year-old to cash in on an Exhibit 10 bonus if he spends at least 60 days with the 905.
The Celtics signed Jordan Schakel to an Exhibit 10 deal on Friday, tweets Keith Smith of Spotrac, and waived him on Saturday, according to NBA.com’s official transaction log. As with Obanor, the moves were simply designed to get Schakel a bonus for returning to the Maine Celtics, the team he played for last season. Boston also signed and waived Schakel in September, so it’s unclear why the club did so again a month later.
The Lakers have cut former Belmont standout Grayson Murphy after signing him to an Exhibit 10 contract this week, the team announced on Saturday (Twitter link via Jovan Buha of The Athletic). The 25-year-old point guard spent the past two seasons competing in Germany, but appears ticketed for the South Bay Lakers to open the 2024/25 season.
The Bucks waived center Jalen Lewis after having signed him to an Exhibit 10 contract on Friday, per NBA.com’s transaction log. Lewis, who spent multiple years in the Overtime Elite program, will likely begin the season with the Wiscon Herd, Milwaukee’s G League affiliate.

Wizards Waive Jared Butler

October 19th, 2024 at 4:39pm CST by Luke Adams

The Wizards have waived guard Jared Butler, according to a press release from the club. Michael Scotto of HoopsHype first reported (via Twitter) that Butler was being cut by Washington.

The 40th overall pick in the 2021 draft, Butler spent time with Utah and Oklahoma City before playing for the Wizards in 2023/24. He was on a two-way contract for most of the season before being converted to a multiyear standard contract in April.

Butler appeared in a total of 40 NBA games last season, averaging 6.3 points, 3.2 assists, and 1.5 rebounds in 14.2 minutes per night, with a .488 FG%. He also had a strong preseason this month, with averages of 6.8 PPG and 4.2 APG on .536/.400/.667 shooting in five games (14.3 MPG).

Reporting leading up to the roster cut-down deadline indicated that the Wizards wanted to find a way to keep Butler, but he was on a non-guaranteed contract and the team is carrying 15 players on fully guaranteed deals. Hanging onto Butler would’ve meant trading or waiving a player with a guaranteed salary.

The front office explored the market to try to find a trade involving a player like Johnny Davis or Patrick Baldwin Jr., tweets Keith Smith of Spotrac, but wasn’t willing to give up a draft pick to move off either player or to eat money this early in the season by cutting one of them. That made Butler the victim of the roster crunch in D.C.

Butler is a candidate to be claimed on waivers, but if he becomes a free agent, he could return to the Wizards on a two-way contract. He’ll likely draw interest from other teams as a two-way target too.

Spurs Waive Malachi Flynn, Brandon Boston

October 19th, 2024 at 4:23pm CST by Arthur Hill

The Spurs have set their opening-night roster, waiving Malachi Flynn and Brandon Boston to reach the limit, the team announced in a press release. Also let go was Jamaree Bouyea, who signed with the team on Friday.

Flynn, a 26-year-old point guard, was traded twice last season, spending time with Toronto, New York and Detroit. He posted a 50-point game in April, but otherwise had an unremarkable season, averaging 5.5 PPG in 69 combined games with the three teams.

Boston, a 22-year-old swingman, played the past three seasons with the Clippers. He only appeared in 32 games last season, averaging 5.2 PPG in 10.8 minutes per night.

All three players were in camp on non-guaranteed Exhibit 10 contracts, so the Spurs won’t have any future financial obligations to them. They will be eligible to earn bonuses worth $77.5K apiece if they spend at least 60 days with the team’s G League affiliate in Austin.

There are 18 players on San Antonio’s roster, with 15 holding standard contracts plus three two-way deals.

Suns Cut Frank Kaminsky

October 19th, 2024 at 4:11pm CST by Luke Adams

The Suns have placed veteran big man Frank Kaminsky on waivers, league sources tell Michael Scotto of HoopsHype (Twitter link). Duane Rankin of The Arizona Republic first reported (via Twitter) that Kaminsky wouldn’t make Phoenix’s opening night roster.

An eight-year veteran who has appeared in 413 regular season games, Kaminsky has a solid career résumé that includes averages of 8.8 points and 3.8 rebounds in 19.8 minutes per game, along with a three-point rate of 34.9% on 3.0 attempts per contest.

However, he was out of the NBA last season, which he spent in Serbia with Partizan Belgrade. On top of that, hanging onto him would cost the Suns exponentially more in projected tax penalties beyond his minimum-salary contract, so he was considered more of a luxury than a necessity.

It’s worth noting that Kaminsky’s training camp contract included Exhibit 10 language, which suggests he may be open to the idea of reporting to the Valley Suns and trying to earn another shot in the NBA by impressing at the G League level.

Having already waived their other non-guaranteed players, the Suns are now carrying 14 players on standard contracts and three on two-way deals, so their roster looks ready for the regular season.

Cavaliers Waive Pete Nance, Jules Bernard

October 19th, 2024 at 3:53pm CST by Tristan Tucker

The Cavaliers waived forward Pete Nance and guard Jules Bernard, according to a team press release. Cleveland also formally announced the previously reported Zhaire Smith and Jacob Gilyard cuts.

Nance spent most of last season in the G League with the Cleveland Charge before signing a two-way contract with the team in February. He only played in eight NBA games with limited minutes, but he averaged 13.3 points, 8.1 rebounds, 2.9 assists and 1.4 blocks while making 35.8% of his three-point attempts.

The five-year college player spent time at Northwestern before transferring to UNC for his final season. He then went undrafted in 2023. Nance, the younger brother of Pelicans forward Larry Nance Jr., wasn’t kept on a two-way deal this season but is expected to once again suit up for Cleveland’s G League affiliate.

Like Nance, Bernard began his career in the G League. The UCLA product played four years collegiately before going undrafted in 2022. He suited up for Washington’s G League affiliate the past two seasons before agreeing to a two-way deal with the Wizards in December of last year.

Bernard played a bit at the NBA level, getting into 19 games and averaging 3.9 PPG. He played more in the G League, averaging 20.0 points, 6.1 rebounds and 3.8 assists while shooting 35.9% from three. The Wizards opted not to bring him back, leading to him catching on with the Cavs for training camp.

Both players are eligible for a bonus worth $77.5K if they spend at least 60 days with Cleveland’s G League team, the Charge.

The Cavaliers’ roster now stands at 17 players, with 14 on standard deals and three on two-way contracts.