Transactions Rumors | Hoops Rumors

John Butler Signs Two-Way Contract With Wizards

October 23rd, 2023 at 11:16am CST by Arthur Hill

11:16am: The signing is official, the Wizards announced (via Twitter).

8:32am: Free agent center John Butler will join the Wizards on a two-way contract, tweets Shams Charania of The Athletic.

The 20-year-old was waived by the Trail Blazers on Friday. He spent last season with Portland on a two-way deal and appeared in 19 games, averaging 2.4 points and 0.9 rebounds in 11.6 minutes per night.

Butler signed a two-way contract with the Pelicans last October after going undrafted out of Florida State. He was waived after a week and was picked up by the Blazers a few days later.

Washington now has all its two-way slots filled, with the others belonging to Eugene Omoruyi and Jared Butler. The Wizards still have 17 players with guaranteed contracts and will have to make two cuts by 4:00 pm CT today.

Spurs Sign Zach Collins To Two-Year Extension

October 22nd, 2023 at 10:35pm CST by Luke Adams

10:35pm: The Spurs have confirmed the extension through a press statement.

12:09pm: The Spurs and big man Zach Collins have agreed to a two-year contract extension that will be worth $35MM, agent Mark Bartelstein tells Adrian Wojnarowski of ESPN. The deal is fully guaranteed, with no second-year player or team option, tweets Kelly Iko of The Athletic.

Collins, who will turn 26 next month, is coming off his healthiest season in four years. Appearing in 63 games (26 starts) for San Antonio in 2022/23, he averaged 11.6 points, 6.4 rebounds, and 2.9 assists in 22.9 minutes per game, posting a solid shooting line of .518/.374/.761.

The 10th overall pick in the 2017 draft, Collins flashed some promise early in his career in Portland, but saw his career derailed by ankle injuries, which limited him to 11 games in 2019/20 and sidelined him for the entire ’20/21 season.

When Collins signed with the Spurs as a free agent in 2021, he received a three-year, $22MM contract, but it was only fully guaranteed for one full season, with a partial guarantee in year two and a non-guaranteed third year. The former Gonzaga standout only played in 28 games in his first season in San Antonio, but ’22/23 was the best season of his career, putting him in position to become part of the team’s future beyond his current contract.

Collins projects to be part of the Spurs’ starting lineup alongside Victor Wembanyama this fall, as the club looks to reduce the wear and tear on its prized rookie by having him play at power forward instead of center.

As Yossi Gozlan of HoopsHype observes (via Twitter), San Antonio initially projected to have upwards of $60MM in cap room in the summer of 2024, but have now dedicated more than half that space to new contracts for Collins and Devin Vassell, who signed a five-year, $135MM rookie scale extension earlier this month.

The exact terms of Collins’ extension aren’t yet known, but it sounds like the Spurs will give him the maximum possible veteran extension for a player earning less than the NBA’s estimated average salary ($11,958,000). The veteran center is eligible to receive a starting salary worth 40% of that figure in his new deal, with an 8% raise in year two — those terms would put him in line to earn approximately $34.82MM on the extension after making $7.7MM in 2023/24.

Collins’ extension will make him ineligible to be traded for six months, Gozlan notes, so the Spurs won’t be able to move him until the 2024 offseason.

ESPN’s Zach Lowe and Bobby Marks suggested on the latest episode of The Lowe Post podcast that a deal for Collins could be imminent. Lowe advised keeping an eye on the Spurs center as a potential veteran extension candidate, and Marks responded by saying he had heard that rumor “multiple times.”

Raptors Sign, Waive Omari Moore

October 22nd, 2023 at 7:58pm CST by Arthur Hill

7:58pm: The Raptors officially signed and waived Moore, per NBA.com’s transaction log.

11:17am: Omari Moore will be signed and waived by the Raptors as the last Exhibit 10 player for their G League affiliate, tweets Blake Murphy of Sportsnet.ca.

Because the move will occur today rather than Saturday, Moore will receive one day of salary while being on waivers for the first day of the regular season, Murphy adds. That will push the team about $12K closer to the luxury tax, according to John Hollinger of The Athletic (Twitter link).

The 23-year-old shooting guard was waived by Milwaukee on Wednesday. He signed a two-way contract with the Bucks in July after going undrafted out of San Jose State.

The Exhibit 10 contract gives Moore an opportunity to earn a bonus worth up to $75K if he spends at least 60 days with Raptors 905.

Pelicans Claim Matt Ryan Off Waivers

October 22nd, 2023 at 6:37pm CST by Alex Kirschenbaum

6:37pm: The acquisition of Ryan is now official, per a Pelicans tweet.

4:21pm: Swingman Matt Ryan has been claimed off waivers by the Pelicans, sources tell Shams Charania of The Athletic (Twitter link).

Ryan, who went undrafted out of Chattanooga in 2020, split his 2022/23 season between the Lakers and Timberwolves. The 26-year-old managed to secure a standard roster spot to start the year with the Lakers, but was cut after appearing in just 12 contests with the club.

Ryan quickly agreed to a two-way deal with Minnesota, but played sparingly for the Timberwolves as well. At the NBA level last year, he averaged 3.6 PPG on . 370/.381/.833 shooting splits, 0.8 RPG and 0.5 APG in 34 total games.

Minnesota issued a two-way qualifying offer to Ryan in June, making him a restricted free agent, and he eventually signed that QO. However, he didn’t claim a regular season roster spot and was waived by the Wolves on Friday.

The Pelicans will take on Ryan’s one-year, two-way contract, and won’t have to make a corresponding roster move, since they had an open two-way slot. Ryan joins Dereon Seabron and Kaiser Gates as New Orleans’ two-way players.

Zeke Nnaji Gets Four-Year, $32MM Extension From Nuggets

October 22nd, 2023 at 5:03pm CST by Arthur Hill

OCTOBER 22: The signing is now official, per a Denver press release.

OCTOBER 21: Zeke Nnaji has agreed to a four-year, $32MM extension with the Nuggets, agent Adam Pensack tells ESPN’s Adrian Wojnarowski (Twitter link).

The new contract includes a player option for the final season, Wojnarowski adds. Nnaji will earn $4,306,281 this year before the extension begins in 2024/25.

A 22-year-old power forward, Nnaji was selected with the 22nd pick in the 2020 draft. He has become a valuable reserve for the defending champions, averaging 5.2 points and 2.6 rebounds in 53 games last season while shooting 56.1% from the field.

Nnaji was on the court for 13.7 minutes per game in 2022/23, and he’s expected to see more playing time during the upcoming season after the loss of Jeff Green and Thomas Bryant in free agency.

Monday is the last day that teams can sign eligible players to rookie scale extensions. Those who don’t reach new agreements will become restricted free agents next summer.

Nnaji is the eighth player to agree to a rookie scale extension this year, joining LaMelo Ball, Anthony Edwards, Tyrese Haliburton, Desmond Bane, Devin Vassell, Isaiah Stewart, and Payton Pritchard.

Kings Pick Up 2024/25 Options On Murray, Mitchell, Duarte

October 22nd, 2023 at 4:40pm CST by Luke Adams

OCTOBER 22: Sacramento has officially announced that it has exercised its team options on Murray, Mitchel and Duarte.

OCTOBER 21: The Kings are exercising their 2024/25 rookie scale team options on forward Keegan Murray, guard Davion Mitchell, and swingman Chris Duarte, reports Adrian Wojnarowski of ESPN (Twitter link).

Murray’s third-year option will pay him $8,809,560 in ’24/25. It was a lock to be picked up after the fourth overall pick made the All-Rookie first team, averaging 12.2 points and 4.6 rebounds per night with a .411 3PT% last season as a full-time starter for the West’s No. 3 seed.

The fourth-year options for Mitchell and Duarte in ’24/25 will be worth $6,451,077 and $5,893,768, respectively.

The No. 9 overall pick in 2021, Mitchell was a rotation player off the bench for Sacramento last season, averaging 5.6 PPG and 2.3 APG in 80 games (18.1 MPG). He’s known more for his defensive abilities than his contributions on offense.

Duarte was acquired from the Pacers in an offseason trade and is expected to play a role on the wing for the Kings this season. He struggled with his shot and battled injuries last season, but showed promise as a two-way wing as a rookie in 2021/22 when he averaged 13.1 PPG with a .369 3PT%.

The Kings will have to exercise their fourth-year option on Murray for 2025/26 (worth about $11.1MM) by next October 31. Mitchell and Duarte are now on track to become eligible for rookie scale extensions next summer.

We’re tracking all of the 2024/25 rookie scale team option decisions right here.

Thunder Waive Jack White

October 22nd, 2023 at 2:57pm CST by Luke Adams

The Thunder have waived forward Jack White in order to get their roster to the regular season limit, the team announced today. Oklahoma City now has 15 players on standard contracts and three on two-way deals.

[RELATED: 2023/24 NBA Roster Counts]

White, 26, went undrafted out of Duke in 2020 and spent the next two years playing in his home country of Australia before coming stateside for the 2022/23 season. He was on a two-way contract with the champion Nuggets for all of last season, though he logged just 66 minutes across 17 regular season games at the NBA level.

White had a far greater role for the Grand Rapids Gold, Denver’s G League affiliate, averaging 19.2 points, 9.4 rebounds, and 1.9 assists in 33.2 minutes per game (26 contests), with a shooting line of .563/.438/.767.

The Nuggets issued White a qualifying offer, making him a restricted free agent, but withdrew it early in free agency, allowing him to sign a two-year, minimum-salary contract with Oklahoma City. Only $600K of that deal was guaranteed, however, making White a logical odd man out when the Thunder faced a roster crunch this month. OKC will remain on the hook for that $600K unless another team claims White off waivers.

Assuming he passes through waivers, White will likely receive interest from teams looking to fill out their two-way contract slots. He won’t be eligible to re-sign on a two-way deal with the Thunder, since his partial guarantee exceeded $75K.

Hawks Exercise 2024/25 Options On Johnson, Griffin

October 22nd, 2023 at 1:42pm CST by Luke Adams

The Hawks have exercised their rookie scale team options for the 2024/25 season on forward Jalen Johnson and guard AJ Griffin, the team announced in a press release.

The moves had been expected, given the relatively modest cost of Johnson’s and Griffin’s ’24/25 option salaries. Johnson’s fourth-year option is worth $4,510,905, while Griffin will earn $3,889,920 in his third NBA season. Those salaries are now fully guaranteed.

Johnson, who will turn 22 in December, emerged as a regular rotation player for Atlanta in 2022/23, averaging 5.6 points, 4.0 rebounds, and 1.2 assists in 14.9 minutes per game across 70 appearances. He’s expected to take on a more prominent role this fall following the offseason trade of John Collins.

Exercising Johnson’s fourth-year option means the Hawks will have the ability to sign him to a rookie scale extension next summer. If he doesn’t sign a new deal at that point, the former Duke standout will become eligible for restricted free agency in 2025.

As for Griffin, he had a promising rookie year that saw him average 8.9 PPG on .465/.390/.894 shooting in 72 games (19.5 MPG). Another ex-Blue Devil, the 20-year-old has a fourth-year option worth $5,967,137 for the 2025/26 season — Atlanta will have to decide by next October 31 whether to pick it up.

The full list of 2024/25 rookie scale team options decisions can be found right here.

Nathan Knight Signs Two-Way Deal With Celtics

October 22nd, 2023 at 12:04pm CST by Arthur Hill

12:04pm: The Celtics have officially signed Knight to a two-way contract, the team confirmed in a press release. As expected, Boston waived Scrubb to make room for Knight.

10:45am: The Celtics will sign Nathan Knight to a two-way contract, tweets ESPN’s Adrian Wojnarowski.

The 26-year-old big man was waived by the Knicks on Thursday. He signed a two-way deal with New York in July, but wasn’t able to secure a regular season roster spot.

At 6’10”, Knight will provide another big body for a Celtics team in need of frontcourt depth. He appeared in 38 games with Minnesota last season, averaging 3.7 points and 1.5 rebounds in 7.7 minutes per night. The Timberwolves declined their team option on Knight for the upcoming season and didn’t issue a qualifying offer, making him an unrestricted free agent.

The Celtics currently have all three of their two-way slots filled with JD Davison, Neemias Queta and Jay Scrubb, but Scrubb suffered a torn ACL earlier this month, making him the likeliest release candidate.

Knicks Convert Dylan Windler To Standard Contract

October 21st, 2023 at 11:03pm CST by Arthur Hill

The Knicks have converted Dylan Windler from a two-way deal to a standard contract, according to NBA.com’s transaction log. The contract covers one season and is non-guaranteed, tweets Fred Katz of The Athletic. It’ll be worth the minimum salary.

The Cavaliers selected Windler with the 26th pick in the 2019 draft, but he missed his first season with a leg injury and was never able to carve out a consistent role, averaging 3.3 points, 2.3 rebounds and 0.8 assists in 84 games. He dealt with injuries through much of that time and appeared in just three games last season.

Cleveland opted not to give Windler a qualifying offer this summer, making him an unrestricted free agent. The 27-year-old small forward signed with New York in July after spending his first four NBA seasons with the Cavaliers.

Windler will get a chance to revive his career in New York after earning a roster spot. He appeared in just one preseason game, going scoreless in about six minutes of action.

The Knicks now have 15 players on standard contracts, including DaQuan Jeffries and Ryan Arcidiacono, whose deals are also non-guaranteed. The team also has a two-way opening after converting Charlie Brown and Jacob Toppin to two-way contracts earlier today.