Transactions Rumors | Hoops Rumors

Sixers Convert Javonte Smart To Two-Way Contract

October 21st, 2023 at 12:18pm CST by Tristan Tucker

12:18pm: The move is official, the Sixers confirmed in a press release.

10:16am: The Sixers are converting guard Javonte Smart to a two-way contract, tweets Adrian Wojnarowski of ESPN. Smart was on an Exhibit 10 deal but, after impressing in the preseason, is having his contract converted.

Smart, 24, played with both the Bucks and the Heat on two-way contracts after going undrafted out of LSU in 2021. In 17 career games (one start), he has averaged 3.0 points. Smart has seen much more playing time in the G League over the past two seasons, putting up 16.9 points and 3.6 assists per night while shooting 33.9% from downtown (7.4 attempts) in 57 career regular season G League outings.

In four games with Philadelphia in the preseason, Smart averaged 4.5 points and 1.5 assists in 8.3 minutes, hitting 66.7% of his three-point shots.

The 76ers opened up a two-way contract spot on Friday when they waived Ricky Council IV, clearing the way for Smart’s conversion. No other roster moves are necessary to convert Smart, who joins Terquavion Smith and Azuolas Tubelis as the team’s two-way players.

The Sixers still have more work to be done with their roster, with 16 players signed to standard contracts. Filip Petrusev and Danny Green don’t have fully guaranteed salaries, but Montrezl Harrell could also be cut, considering he’s likely to be out for the season.

Timberwolves Sign, Waive Brian Bowen II, Javonte Cooke

October 21st, 2023 at 12:04pm CST by Luke Adams

12:04pm: As expected, Bowen and Cooke have been waived, the Timberwolves announced (via Twitter).

10:22am: The Timberwolves have added a pair of players to their preseason roster, announcing in a press release that forward Brian Bowen II and guard Javonte Cooke have signed with the team.

The Wolves didn’t specify the terms of the deals, but in all likelihood, they’re Exhibit 10 contracts, designed to get Bowen and Cooke bonuses worth up to $75K if they report to the Iowa Wolves and then spend at least 60 days with Minnesota’s G League team. Barring something unexpected, the two players are good bets to be cut later today.

Bowen, who played for Minnesota’s Summer League team in July, has some NBA experience, having appeared in 12 games for Indiana from 2019-21. The 25-year-old played for Iowa in 2021/22, averaging 14.9 points and 8.6 rebounds in 32.1 minutes per game across 27 appearances, with a shooting line of .452/.280/.785.

Cooke, 24, went undrafted last year out of Winston-Salem State and spent his first professional season playing for Iowa. In 41 games (19.4 MPG) with the Timberwolves’ NBAGL team, he averaged 7.5 PPG, 2.8 RPG, and 1.6 APG on .424/.319/.650 shooting. His agreement with Minnesota was initially reported in September.

The T-Wolves’ roster consists, for the time being, of 19 players.

Heat Promote Dru Smith To Standard Contract, Convert Cole Swider To Two-Way

October 21st, 2023 at 11:21am CST by Tristan Tucker

The Heat have signed guard Dru Smith to a multi-year standard NBA contract and converted sharpshooting forward Cole Swider to a two-way deal, according to Shams Charania of The Athletic (Twitter link).

In a subsequent move, the team waived both forward Cheick Diallo and wing Justin Champagnie, who were both on Exhibit 10 contracts.

Smith, 25, has been in the Heat’s developmental system since signing a training camp deal in 2021. He spent that year playing with Miami’s G League affiliate, the Sioux Falls Skyforce, before once again signing a camp deal with the Heat in 2022. At the conclusion of 2022’s training camp, Smith signed a two-way contract with the team.

At the beginning of the 2022/23 season, the Heat alternated between Orlando Robinson and Smith on two-way deals, with Jamal Cain on the other, swapping the pair out a handful of times. Smith then wound up signing with the Nets on a two-way before rejoining Miami this free agency period. He holds career averages of 2.9 points and 1.5 assists in 15 career NBA games.

Now, Smith is rewarded with a multi-year standard contract which has a $425K opening-night guarantee, according to Tim Reynolds of The Associated Press (Twitter link). It’s a similar structure to the contract Robinson wound up getting from Miami, with a July trigger date in its second year, tweets HoopsHype’s Michael Scotto. The Heat were only able to sign Smith to a minimum-salary deal due to their proximity to the tax aprons.

Smith had a solid preseason, averaging 6.5 points and 5.3 assists in four games. Head coach Erik Spoelstra praised his during training camp and the Heat appreciated his ability to run the floor, according to Barry Jackson of the Miami Herald (Twitter link). Smith and Kyle Lowry are the only true point guards on Miami’s roster.

It’s interesting to see Miami opt for Smith over Cain for the 14th roster spot, which he had been hoping to get, according to Jackson. Cain averaged 11.3 points and 8.3 rebounds in four preseason games. However, as Anthony Chiang of the Miami Herald (Twitter link) observes, keeping Cain on a two-way may make it easier for the Heat to keep him in their system going forward because they may opt to switch out the 14th roster spot during the season.

Swider is another player who earned plenty of buzz during training camp and the preseason. He opened the preseason with a 17-point performance while knocking down five three-pointers. Swider, who spent last season on a two-way deal with the Lakers before being waived this summer, averaged 11.2 points and knocked down 37.1% of his three-pointers (7.0 attempts) across five appearances in the preseason. The 6’9″ forward shot 43.6% from deep in 27 regular season G League games last year.

Swider is hoping to follow in Heat sharpshooter Duncan Robinson‘s footsteps by being frontcourt shooter who enjoys a successful career with Miami. The Syracuse product joins Cain and R.J. Hampton as the team’s two-way players.

As for the Heat’s camp players, Diallo played sparingly in the preseason, averaging 2.7 rebounds in 6.9 minutes. Champagnie played much more, averaging 7.5 points in 22.1 minutes, positioning himself well in the camp battle. Even though both players are being waived, the Heat likely hope to funnel both to the Skyforce, where they’d be eligible for a bonus worth up to $75K if they are there for 60 or more days. Champagnie played with the Skyforce last season and Miami could revisit him in the future, like they did with Smith.

With the series of moves, the Heat’s opening night roster appears set, though there’s still time for them to cycle through moree Exhibit 10 signings. Miami has 14 players on standard deals and three players on two-way contracts. The club will keep the 15th spot on the roster open for now due to its proximity to the tax.

Knicks Re-Sign Isaiah Roby To Exhibit 10 Deal

October 21st, 2023 at 10:04am CST by Luke Adams

After clearing waivers on Friday, free agent forward/center Isaiah Roby has re-signed with the Knicks on an Exhibit 10 contract, the team announced today (via Twitter).

Roby signed a multiyear deal with New York on the final day of the 2022/23 regular season. The 25-year-old spent most of last season with the Spurs, appearing in 42 games and averaging 4.1 points and 2.5 rebounds in 11.3 minutes per night before being released in early March. He spent his first three NBA seasons with Oklahoma City.

Roby’s multiyear contract was non-guaranteed for 2023/24, but he remained in camp with the Knicks as he vied for a spot on the 15-man regular season roster. By waiving him on Wednesday, New York signaled that he wouldn’t claim one of those spots, but bringing him back on an Exhibit 10 deal suggests the team wants to keep him in its system. Roby is eligible to be named an affiliate player for the Westchester Knicks in the G League.

If Roby had been owed more than $75K in guaranteed money when he was cut by the Knicks, he would’ve been ineligible to play for Westchester, but his salary was entirely non-guaranteed.

He’ll likely be waived again later today, putting him on track to join New York’s G League team, where he’ll receive a $75K Exhibit 10 bonus if he remains with the club for at least 60 days. The Knicks have a pair of two-way slots available, but Roby is ineligible for a two-way deal due to his four years of NBA experience.

Wizards Cut Devon Dotson, Michael Foster Jr.

October 21st, 2023 at 9:25am CST by Luke Adams

The Wizards announced a pair of roster cuts overnight, waiving guard Devon Dotson and forward Michael Foster Jr. (Twitter link).

Both moves had been anticipated. Dotson and Foster signed Exhibit 10 contracts with the club and are expected to report to the Capital City Go-Go, Washington’s G League affiliate. Spending at least 60 days with the Go-Go would ensure they receive bonuses worth up to $75K.

Foster, 20, averaged 13.6 points, 7.1 rebounds, and 1.8 blocks in 24.3 minutes per contest in 41 appearances last season for the Delaware Blue Coats, posting a shooting line of .519/.254/.693. He continued to play a rotation role for the club en route to its NBAGL championship in the spring, then had his rights traded to the Go-Go earlier this month.

Dotson, 24, has appeared in 28 games over three seasons with the Bulls and Wizards, holding modest averages of 2.0 PPG and 1.1 APG in 6.7 MPG. Last season, the former Kansas star spent a couple of months on a two-way deal with Washington, having been waived in January. While he only appeared in six games for the Wizards in 2022/23, Dotson had a solid regular season showing for the Go-Go, averaging 14.8 PPG, 6.1 APG, 4.4 RPG and 1.2 SPG on .529/.392/.814 shooting in 29 games (31.7 MPG).

The Wizards now have 19 players under contract — 17 with guaranteed salaries and a pair on two-way contracts.

Nets Sign, Waive Kennedy Chandler, Patrick Gardner

October 21st, 2023 at 9:19am CST by Luke Adams

October 21: The Nets waived both Chandler and Gardner, the team announced (Twitter link via Spotrac’s Keith Smith).

October 19: The Nets have signed guard Kennedy Chandler and center Patrick Gardner, according to the team (Twitter link via Brian Lewis of The New York Post).

In all likelihood, both players received Exhibit 10 contracts that will make them eligible for bonuses worth up to $75K if they’re waived by Brooklyn and then spend at least 60 days with the Long Island Nets. Neither player’s G League rights are held by another team, so the Nets will be able to make them both affiliate players. Exhibit 10 deals can also be converted to two-way contracts, and Brooklyn does have an open two-way slot.

Chandler, the 38th overall pick in the 2022 draft, signed a four-year contract with the Grizzlies last July that included three guaranteed seasons. However, the team opted to waive him in April to make room on the roster for Kenneth Lofton, eating his salaries for 2023/24 and ’24/25.

As a rookie, Chandler appeared in 36 NBA games, averaging 2.2 points and 1.6 assists in 7.8 minutes per night. He was more effective in 12 G League games with the Memphis Hustle (15.3 PPG, 6.2 APG) and this summer with Brooklyn’s Summer League team (14.0 PPG, 5.4 APG), though he continued to struggle with his outside shot — after hitting just 24.0% of 4.2 attempts per game in the NBAGL last season, he made 2-of-14 (14.3%) in Las Vegas.

Gardner, meanwhile, reached his Exhibit 10 agreement with the Nets back in July after playing for the Heat in Summer League and before representing Egypt at the World Cup. The big man, who transferred to Marist for his final year of college ball, averaged 19.1 points and 6.6 rebounds in 30.9 minutes per game (33 games) in 2022/23. He also had a three-point percentage of 38.3%, an impressive mark for a 6’11” frontcourt player.

Brooklyn had only been carrying 18 players on its preseason roster, so no cuts were necessary to make room for Chandler and Gardner. The club still has one opening on its 21-man squad.

Bucks Waive Glenn Robinson III, Two Others

October 21st, 2023 at 8:02am CST by Luke Adams

The Bucks have trimmed their preseason roster in advance of the regular season, waiving forward Glenn Robinson III, swingman Elijah Hughes, and guard Kihei Clark, tweets Keith Smith of Spotrac.

Robinson, who has appeared in over 300 NBA regular season games since making his debut in 2014, signed an Exhibit 10 contract with Milwaukee on Thursday after being out of the league for the last two years. It appears the 29-year-old is on track to join the Wisconsin Herd, the Bucks’ G League affiliate, as he pursues an NBA comeback.

That also figures to be the plan for Hughes and Clark, who also signed non-guaranteed camp deals on Thursday. The Exhibit 10 language in their contracts entitles them to bonuses worth as much as $75K if they spend at least 60 days with the Herd.

Following the cuts, the Bucks now have 18 players under contract — 15 on guaranteed contracts, a pair on two-way pacts, and big man Marques Bolden on an Exhibit 10 deal.

Milwaukee could set its regular season roster by converting Bolden to a two-way contract, though it’s not clear whether that will happen or whether additional moves could be in store before Monday’s regular season roster deadline.

Warriors Waive Rudy Gay, Rodney McGruder

October 21st, 2023 at 6:12am CST by Luke Adams

The Warriors have officially waived forward Rudy Gay and swingman Rodney McGruder, the team announced following the conclusion of Friday’s preseason finale (Twitter press release).

Shams Charania and Anthony Slater of The Athletic (Twitter link), who first reported the cuts, say that Golden State will open the season with just 13 players on standard contracts for added roster and financial flexibility, and will plan to add a 14th man within the first two weeks of the season. That player will likely be signed to a non-guaranteed contract.

Under the new Collective Bargaining Agreement, a team is permitted to carry fewer than 14 players on standard contracts for up to two weeks and up to 28 total days in a given season. That means if the Warriors don’t fill that 14th roster spot until two weeks into the season, they’d only be permitted to dip to 13 players again for up to 14 more days for the rest of the season.

Gay and McGruder, both NBA veterans, were believed to fighting for a single roster spot, but neither player earned significant playing time during the preseason. Gay registered four points and seven rebounds in 15 total minutes across two contests, while McGruder appeared in just one game, putting up eight points and five rebounds in 20 minutes.

Given that the Warriors will need to sign a 14th man soon, they could circle back to Gay, McGruder, or Javonte Green, who was also waived this week. If the team isn’t enamored of any of those vets, it could look elsewhere on the free agent market. Promoting a two-way player to a standard contract and then signing a new two-way player would be another option.

Gay and McGruder will clear waivers on Monday, assuming they go unclaimed.

Sixers Waive Ricky Council, David Duke Jr.

October 20th, 2023 at 10:29pm CST by Rory Maher

The Sixers have waived Ricky Council and David Duke Jr., the team announced on Friday night.

Council being cut is somewhat of a surprise. He was one of the top prospects who went undrafted this year following his junior season at Arkansas and quickly reached an agreement on a two-way contract with Philadelphia.

A two-way deal signed before the regular season begins can be partially guaranteed for up to the maximum Exhibit 10 bonus amount for that year. In 2023/24, that amount – also known as the maximum two-way protection amount – is $75K. Council received that partial guarantee.

Two-way contracts don’t count against the salary cap, and evidently the Sixers have other plans for the spot that Council held. The 6’6″ guard averaged 9.4 points and 4.2 rebounds in five games (24.6 minutes) with the Sixers in Las Vegas Summer League action, though he didn’t shoot the ball well (.361/.100/.769 slash line). He also appeared in three preseason games, but didn’t play much (8.3 minutes per night).

As for Duke, who spent the past two seasons with the Nets, he’ll likely be headed to the Delaware Blue Coats — Philadelphia’s G league affiliate — to open ’23/24. He signed an Exhibit 10 deal with the Sixers, so he could receive a $75K bonus if he spends at least 60 days with Delaware.

The Sixers now have 19 players under contract, with one open two-way spot.

Raptors Waive Jeff Dowtin, Justise Winslow, Mouhamadou Gueye

October 20th, 2023 at 9:51pm CST by Rory Maher

The Raptors have waived Jeff Dowtin, Justise Winslow and Mouhamadou Gueye, the team announced (Twitter link via Blake Murphy of Sportsnet.ca).

Winslow and Gueye were on Exhibit 10 deals and will be headed to the Raptors 905, Toronto’s G League affiliate. They’ll each be eligible for a bonus worth up to $75K if they spend at least 60 days with the 905. Michael Grange of Sportsnet.ca first reported (via Twitter) that Winslow and Gueye were expected to be cut following Friday’s preseason finale vs. Washington.

As for Dowtin, his non-guaranteed standard contract would have become partially guaranteed for $900K had he remained on the roster past tomorrow’s cut-down day. However, he had an uphill battle to make the team, with 15 players signed to guaranteed standard deals.

Fifteen Raptors got into Friday’s win against the Wizards, and Dowtin wasn’t one of them, Josh Lewenberg of TSN.ca noted during the game (Twitter link). That made it pretty obvious that he was going to be cut.

It’s unclear what’s next for Dowtin, Murphy adds (via Twitter). The 26-year-old guard spent last season on a two-way contract with Toronto, appearing in 25 games (10.4 MPG). With only two years of NBA experience, he’d be eligible to sign a two-way deal with any team as a free agent if he clears waivers.

The Delaware Blue Coats (the Sixers’ affiliate) control Dowtin’s G League rights, so if another NBA opportunity doesn’t come, returning to the G league could be an option.

The Raptors currently have 18 players on their roster, with all three two-way slots filled. As Murphy tweets, they’ll likely have one more Exhibit 10 sign-and-waive coming on Saturday.