Transactions Rumors | Hoops Rumors

Celtics Sign Drew Peterson To Two-Way Contract

December 14th, 2023 at 3:00pm CST by Luke Adams

December 14: Peterson’s two-way deal is official, the Celtics announced.

December 13: The Celtics are expected to sign G League forward Drew Peterson to a two-way contract, according to Adrian Wojanrowski of ESPN (Twitter links). Agents Mike Silverman and Troy Payne tell Wojnarowski that Peterson has agreed to sign with the C’s and is on track to join the team as soon as Thursday.

Peterson, 24, went undrafted earlier this year after spending two seasons at Rice and three at USC. As a “super senior” in 2022/23, he averaged 13.9 points, 6.2 rebounds, and 4.3 assists per game, posting a .442/.358/.752 shooting line in 33 games (35.9 MPG) for the Trojans.

As an undrafted free agent, Peterson quickly agreed to an Exhibit 10 deal with Miami and joined the Heat for summer league play and training camp. He was cut before the regular season began and was designated as an affiliate player for the Sioux Falls Skyforce, Miami’s G League team.

Peterson was off to a strong start in his first professional season, putting up 15.2 PPG, 5.5 RPG, and 4.2 APG on .528/.407/.857 shooting in his first 13 games with the Skyforce. Once he officially signs with Boston, he’ll make the move to the Maine Celtics. He’ll also be eligible to appear in up to 35 NBA games, assuming he officially signs on Thursday.

The Celtics won’t need to make a corresponding roster move to open up a spot for Peterson, since they already cut a two-way player earlier this week, parting ways with Nathan Knight on Tuesday. Neemias Queta and JD Davison are Boston’s other two-way players.

If Peterson signs on Thursday, his two-way salary will be $395,708. That salary would become fully guaranteed if he remains under contract through January 7.

Celtics Waive Two-Way Player Nathan Knight

December 12th, 2023 at 4:30pm CST by Dana Gauruder

Two-way player Nathan Knight has been waived by the Celtics, Jared Weiss of The Athletic tweets.

The 6’8” forward hasn’t appeared in any games this season. He came off the bench in 38 games last season for Minnesota.

Overall, he has appeared in 108 regular season games with the Hawks and Timberwolves, averaging 3.7 points and 2.0 rebounds in 7.8 minutes per game. The Wolves declined their team option on Knight during the offseason and didn’t issue a qualifying offer, making him an unrestricted free agent.

He signed with the Knicks but was waived during training camp. Knight was signed to one of Boston’s three two-way spots on Oct. 22.

Knight has seen action in 12 games with Boston’s G League affiliate in Maine, averaging 8.9 points and 8.3 rebounds in 22.9 minutes per game.

Boston now has one two-way spot open. Guard JD Davison and center Neemias Queta occupy the other two-way spots.

Jontay Porter Signs Two-Way Deal With Raptors

December 9th, 2023 at 9:17am CST by Rory Maher

DECEMBER 9: The Raptors have officially signed Porter, the team announced today in a press release.

DECEMBER 8: Free agent big man Jontay Porter is signing a two-way deal with the Raptors, his agents Andy Shiffman and Mark Bartelstein tell ESPN’s Adrian Wojnarowski (Twitter link).

Toronto has a two-way opening after waiving Ron Harper Jr., who will undergo season-ending shoulder surgery, so no corresponding move will be necessary to sign Porter.

Porter, 24, is the younger brother of Nuggets forward Michael Porter Jr. Like his brother, Jontay dealt with injury issues early in his career, including a pair of ACL tears. However, he appeared in 32 G League games last season for the Wisconsin Herd, averaging 12.4 PPG, 10.1 RPG, 3.1 APG, and 2.2 BPG in 28.2 MPG, with a shooting line of .390/.341/.667.

The 6’11” forward/center signed an Exhibit 10 contract with the Pistons in September in a move designed to give him a bonus for playing for their G League affiliate, the Motor City Cruise. He was waived in October, before the ’23/24 season began.

In 10 Showcase Cup games (33.7 MPG) with the Cruise this fall, Porter has averaged 16.8 PPG, 10.7 RPG, 2.7 APG and 2.9 BPG on .456/.273/.667 shooting. He seems likely to spend most of his time with the Raptors 905, Toronto’s NBAGL affiliate.

Porter’s only previous NBA experience came in 2020/21, when he saw limited action in 11 games for the Grizzlies.

Ron Harper Jr. Out For Season, Waived By Raptors

December 8th, 2023 at 1:30pm CST by Luke Adams

The Raptors have waived swingman Ron Harper Jr., who was on a two-way contract with the team, the club announced today in a press release.

Harper, who also spent the 2022/23 season on a two-way deal with Toronto, suffered a subluxation of his left shoulder during a G League game on Thursday. He’ll undergo season-ending surgery to address the injury, according to the Raptors.

The son of five-time NBA champion Ron Harper, Ron Jr. appeared in just 10 total NBA games for the Raptors, including one this season, scoring 20 points on 8-of-16 shooting in 52 total minutes of action. He spent the majority of his time since going undrafted out of Rutgers in 2022 playing for the Raptors 905, Toronto’s NBAGL affiliate.

In 49 total Showcase Cup and regular season games with the 905, Harper averaged 16.7 points, 5.1 rebounds, and 3.4 assists in 32.3 minutes per night. His shooting line at the G League level was .486/.327/.773.

As Blake Murphy of Sportsnet.ca confirms (via Twitter), Harper will receive his full two-way salary of $559,782, even though he was waived prior to the salary guarantee date. A player who is injured while on a non-guaranteed contract (that doesn’t feature an Exhibit 9 clause) continues to be paid until he’s healthy or until the end of the season, whichever comes first.

The Raptors will now have an open two-way slot — Markquis Nowell and Javon Freeman-Liberty are their other two-way players.

Wizards Sign Jules Bernard To Two-Way Contract

December 8th, 2023 at 10:08am CST by Luke Adams

10:08am: The Wizards have officially signed Bernard to a two-way deal, the team announced today in a press release.

8:30am: The Wizards, who are opening up a two-way contract slot by waiving big man John Butler Jr., intend to use that open spot to sign guard Jules Bernard to a two-way deal, reports Josh Robbins of The Athletic (Twitter link).

An undrafted rookie out of UCLA in 2022, Bernard played for the Capital City Go-Go, Washington’s G League affiliate, in his first professional season. In 49 games for the Go-Go in 2022/23, he averaged 13.6 points, 4.7 rebounds, and 2.2 assists in 26.1 minutes per night, posting a shooting line of .425/.324/.805.

The 6’7″ shooting guard, who signed an Exhibit 10 contract with the Wizards prior to training camp and then returned to the Go-Go to open the ’23/24 season, has taken a significant step forward in the early going. Through eight Showcase Cup contests in the NBAGL this fall, Bernard has raised his averages to 21.0 PPG, 7.8 RPG, and 4.3 APG on .475/.422/.914 shooting, earning a call-up to Washington’s 18-man NBA roster.

A player on a full-season two-way deal in 2023/24 is eligible to appear in up to 50 regular season games and earn a salary of $559,782. However, because Bernard is signing during the season, those amounts will be prorated.

Assuming he officially finalizes a deal with Washington on Friday, Bernard will be eligible to play in up to 37 NBA games. He’ll make $415,011 if he remains under contract through the NBA’s league-wide salary guarantee date in January.

Eugene Omoruyi and Jared Butler are the other two Wizards players on two-way deals.

Wizards Waive John Butler Jr.

December 8th, 2023 at 10:07am CST by Rory Maher

DECEMBER 8: Butler has officially been waived, the Wizards confirmed today. As we outlined in a separate story, Jules Bernard has filled the two-way opening created by Butler’s release.

DECEMBER 7: The Wizards are waiving forward/center John Butler Jr., a league source tells Josh Robbins of The Athletic (Twitter link). Butler is on a two-way deal with Washington.

According to Robbins, if Butler clears waivers, the plan is for him to sign a NBA G League contract with the Wizards’ affiliate, the Capital City Go-Go. He would remain an unrestricted free agent if that comes to fruition, as NBA deals take precedence over G League contracts.

Butler went undrafted last year after one college season at Florida State. He signed a two-way deal with New Orleans, but was waived after 10 days, and caught on with Portland shortly thereafter. He spent all of 2022/23 — his rookie season — on a two-way contract with the Trail Blazers, appearing in 19 games while averaging 2.4 points in 11.6 minutes per contest.

The 21-year-old re-signed with Portland on a two-way deal in July, but was waived on October 20, just before the ’23/24 season began. He caught on with Washington a few days later, but didn’t appear in any NBA games for the Wizards this fall.

Butler has appeared in nine Showcase Cup games with the Go-Go this season, averaging 7.2 points, 3.8 rebounds and 2.0 blocks in 22.7 minutes.

The Wizards have 15 players on standard contracts, but they’ll have a two-way opening once the move is official.

Jaylen Nowell Signs Second 10-Day Deal With Grizzlies

December 4th, 2023 at 11:51am CST by Alex Kirschenbaum

DECEMBER 4: Nowell’s second 10-day contract is official, the Grizzlies announced today in a press release.

DECEMBER 3: Guard Jaylen Nowell is signing another 10-day deal with the ailing Grizzlies, sources tell Adrian Wojnarowski of ESPN (Twitter link).

Memphis was granted another hardship exception to re-sign Nowell on this short-term contract, Woj notes.

Across his five contests with the club, the 6’4″ shooting guard has been averaging 6.2 PPG, 2.4 RPG and 1.4 APG. He’s logging 18.8 MPG off the bench for an injury-plagued Memphis team.

Damichael Cole of The Memphis Commercial Appeal tweets that combo guard Shaquille Harrison, another 10-day hardship signing, is most likely done in Memphis, at least for now.

Seven Grizzlies are currently sidelined with long-term ailments. Nowell has helped make up for the absences of wings Luke Kennard, Ziaire Williams and Marcus Smart. Point guards Ja Morant and Derrick Rose are also on the shelf. Morant is healthy, but remains suspended for the next six contests.

At a lowly 5-14, Memphis is suffering from all these absences. The team is currently the No. 14 seed in a deep Western Conference.

Knicks Waive Duane Washington, Sign Jaylen Martin

November 27th, 2023 at 2:19pm CST by Rory Maher

2:25pm: The moves are official, per the Knicks (Twitter links).

2:19pm: The Knicks plan to waive guard Duane Washington Jr. in order to sign wing Jaylen Martin, sources tell Shams Charania of The Athletic (Twitter link).

Washington, who is out six-to-eight weeks with a right thumb injury, is on a two-way contract with New York. Martin will be taking that spot once Washington is released, according to Charania.

Martin has impressed the Knicks “with his play and approach to the game,” tweets Ian Begley of SNY.tv. The rookie signed a two-way contract with New York over the summer after going undrafted out of the Overtime Elite league, but he was waived before the 2023/24 season began. He’ll receive a one-year deal, sources tell Begley. His previous agreement covered two years.

Martin, 19, has averaged 10.8 points and 3.3 rebounds per game in six appearances with the Knicks’ G League affiliate in Westchester this fall (22.6 minutes per game). New York still has a full 18-man roster after the transactions, with 15 players on standard deals and three on two-way contracts.

Kings Waive Filip Petrusev

November 24th, 2023 at 10:30pm CST by Rory Maher

10:30pm: Petrusev has been officially waived, per NBA.com’s transaction log.

10:05pm: The Kings plan to waive big man Filip Petrusev, a league source tells ESPN’s Adrian Wojnarowski (Twitter link).

According to Wojnarowski, the Kings intend to keep their 15th standard roster spot open “for the foreseeable future” once the move is official. Petrusev is expected to sign a contract overseas, Woj adds.

James Ham of TheKingsBeat.com reports (via Twitter) that the Serbian forward/center will be signing with EuroLeague team Olympiacos — there were rumors linking Petrusev to the Greek club last week.

Petrusev, 23, was the 50th pick of the 2021 draft. He was stashed overseas for a couple years before signing a two-year, minimum-salary contract with the Sixers this offseason. Philadelphia traded him to the Clippers in the James Harden deal, and he was immediately flipped to Sacramento for cash.

Although Petrusev was on a two-year deal, only his salary for 2023/24 included guaranteed money — he’ll make $559,782, half of the rookie minimum (or the equivalent to a two-way salary). That will also be the Kings’ cap hit when Petrusev clears waivers, tweets ESPN’s Bobby Marks.

Petrusev, who played college ball at Gonzaga, won a EuroLeague championship with Anadolu Efes in 2022, earned a Serbian League title with Crvena Zvezda in 2023, and was part of the Serbian national team that finished second at the 2023 FIBA World Cup. Now he’ll be heading back to Europe after what must have been a frustrating NBA experience — he was on three different rosters just a week into his rookie season.

Overall, Petrusev appeared in three games this season — one with Philadelphia, two with Sacramento — for 10 total minutes.

The Kings will have 17 players under contract once Petrusev is released, with all three of their two-way spots filled.

Grizzlies Sign Harrison, Nowell To 10-Day Contracts

November 24th, 2023 at 9:55am CST by Rory Maher

NOVEMBER 24: The 10-day deals for Nowell and Harrison are official, the Grizzlies announced today in a press release (Twitter link). They’ll run through December 3, covering Memphis’ next five games.

NOVEMBER 23: The Grizzlies are signing guards Shaquille Harrison and Jaylen Nowell to 10-day hardship contracts, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

As Wojnarowski explains, the NBA recently granted Memphis two extra roster spots via the hardship provision because the club has five players who have missed at least the past three games with injuries and will be sidelined for at least the next two weeks. Those five players are Steven Adams (knee surgery; out for the season), Brandon Clarke (torn Achilles tendon), Marcus Smart (sprained left foot), Jake LaRavia (eye surgery) and Luke Kennard (left knee bone bruise).

It’s possible the Grizzlies could qualify for a third 10-day hardship deal, depending on the prognosis for big man Xavier Tillman — he’s considered week-to-week as he recovers from a left knee injury. Memphis is already carrying one extra player on its standard roster while Ja Morant is on the suspended list.

Harrison spent training camp and preseason with the Grizzlies this fall after inking an Exhibit 10 contract. He was waived before the season started. There was speculation that Harrison might receive the initial extra roster spot after Morant missed the first five games and was placed on the suspended list, but that went to center Bismack Biyombo once Adams was ruled out for the season.

There were also rumors that Harrison, who is now in his seventh NBA season, might head to Europe, but apparently those talks fell through. The defensive standout has appeared in 180 total regular season games with Phoenix, Chicago, Utah, Denver, Brooklyn and Portland, holding career averages of 5.3 PPG, 2.5 RPG, 1.7 APG and 1.0 SPG on .435/.281/.718 shooting in 15.4 MPG.

Nowell averaged 10.8 PPG, 2.6 RPG and 2.0 APG in 19.3 MPG across 65 appearances in ’22/23 as a regular part of the Timberwolves’ rotation. However, after becoming an unrestricted free agent, he remained on the open market for nearly three months before eventually settling for an Exhibit 10 contract with Sacramento. The Kings waived him last month before the season started, making him an unrestricted free agent once again.

Still just 24 years old, Nowell was the 43rd pick of the 2019 draft. He spent his first four seasons with Minnesota, averaging 9.1 PPG, 2.2 RPG and 1.9 APG in 184 regular season games (17.0 MPG).

While the 3-11 Grizzlies need help up and down their roster, it makes sense that they would prioritize a pair of guards with NBA experience to help out in the backcourt. Ordinarily, Morant, Smart and Kennard would receive major minutes, but they’re all unavailable at the moment.