Transactions Rumors | Hoops Rumors

Malik Beasley Signs With Pistons

July 11th, 2024 at 1:36pm CST by Tristan Tucker

July 11: Beasley’s contract is now official, according to NBA.com’s transactions log.

July 6: Free agent guard Malik Beasley is planning to sign a one-year deal worth $6MM with the Pistons, according to Shams Charania of The Athletic (Twitter link). Beasley spent last season with the Bucks.

Beasley, 27, has averaged 10.9 points per game for his career and is a skilled marksman, shooting 38.5% from beyond the arc in 496 total regular season games, He was incredibly durable last year, starting in 77 of his 79 games for the Bucks and making a carer-high 41.3% of his three-pointers.

The Pistons’ interest in Beasley was reported on Friday night by HoopsHype’s Michael Scotto. The fit between the two sides makes sense, as Detroit ranked 29th in made three-pointers and 26th in three-point percentage last year during a franchise-worst 14-68 season.

Beasley will join Tobias Harris (.368 career 3PT%) and Tim Hardaway Jr. (.360 career 3PT%) as some of Detroit’s key offseason additions who can make an impact from outside. Combine those moves with the fact the franchise is bringing in assistant Fred Vinson, known for his work with players from the three-point line, and it’s clear that spacing the floor around young guard Cade Cunningham was a top priority this offseason.

Beasley played for Milwaukee on a minimum contract last year and, after a successful individual year in which he participated in the NBA’s three-point contest, is signing a more significant deal.

Given the reported terms of Beasley’s agreement, Detroit could sign him using cap space or the room exception ($8MM). That decision figures to come down to what other moves the Pistons make in free agency and/or on the trade market.

Timberwolves Re-Sign Daishen Nix On Two-Way Contract

July 10th, 2024 at 10:24pm CST by Rory Maher

The Timberwolves have re-signed free agent guard Daishen Nix to a two-way contract, according to NBA.com’s official transactions log. Michael Scotto of HoopsHype was first to note the news (via Twitter).

A former McDonald’s All-American who went undrafted in 2021 after one season with the G League Ignite, Nix spent his first two NBA seasons with Houston. The Rockets waived him in June 2023 before his salary for the 2023/24 season became guaranteed.

Nix, 22, signed an Exhibit 10 contract with the Timberwolves last September and then was converted to a two-way contract in October. He only appeared in 15 NBA games last season for a total of 50 minutes.

Nix appeared in 13 Showcase Cup and regular season games in ’23/24 for Minnesota’s G League affiliate, the Iowa Wolves, putting up impressive averages of 22.6 points, 6.2 rebounds, 6.3 assists and 2.5 steals in 36.3 minutes per contest. He struggled with scoring efficiency, however, posting a .397/.244/.643 shooting line.

As our tracker shows, Nix fills Minnesota’s third and final two-way spot, joining Jaylen Clark and Jesse Edwards.

Mavericks Re-Sign Brandon Williams To Two-Way Contract

July 10th, 2024 at 3:31pm CST by Luke Adams

The Mavericks have re-signed point guard Brandon Williams to a two-way contract, the team announced today in a press release.

Williams, 24, has been playing professionally since going undrafted in 2021, bouncing between the G League and the NBA during the past three seasons. He joined the Mavericks last December on a two-way deal and appeared in 17 regular season games for Dallas the rest of the way, averaging 3.2 points and 1.0 assist in 6.6 minutes per night.

In 19 outings at the G League level for the Osceola Magic and the Texas Legends in 2023/24, Williams averaged an impressive 25.3 points, 6.1 assists, and 4.9 rebounds in 34.9 minutes per game, posting a shooting line of .475/.345/.842.

The Mavericks issued Williams a two-way qualifying offer at the end of June, ensuring they’d have the right to match any offer he received from another team. Instead, he’s back under contract with Dallas on a new two-way deal, possibly having simply accepted that QO.

Dallas now has one available two-way slot, with Alex Fudge and Williams filling two of the three.

Pistons Sign Cade Cunningham To Five-Year Max Extension

July 10th, 2024 at 3:17pm CST by Rory Maher

JULY 10: Cunningham’s maximum-salary extension is official, the Pistons announced today in a press release.

Cunningham is the third player to sign a max rookie scale extension this offseason, joining Scottie Barnes of the Raptors and Franz Wagner of the Magic.

JULY 9: The Pistons and Cunningham are in agreement on a five-year, maximum-salary rookie scale extension, agents Jeff Schwartz and James Dunleavy tell Adrian Wojnarowski of ESPN (Twitter link).

Wojnarowski says it’s a $224MM deal that could be worth up to $269MM, which means it will include Rose rule language that could bump the starting salary from 25% of the 2025/26 cap to 30% if Cunningham makes an All-NBA team

JUNE 30: The Pistons intend to sign 2021 No. 1 overall pick Cade Cunningham to a five-year, rookie scale max extension, sources tell Shams Charania and James L. Edwards III of The Athletic (Twitter link).

The exact value of Cunningham’s extension is currently unknown. If the salary cap rises by 10% in 2025/26, which is when the extension will kick in, it would be worth approximately $224MM.

ESPN’s Bobby Marks hears (via Twitter) that while Detroit and Cunningham have discussed an extension, a deal doesn’t appear to be imminent. However, Omari Sankofa II of The Detroit Free Press has sources who say it’s on track to get done. The guard can’t officially sign anything until July 6.

After a promising ’21/22 campaign which saw Cunningham finish third in Rookie of the Year voting, the 22-year-old was limited to just 12 games due to season-ending surgery in ’22/23. Despite the Pistons finishing with the NBA’s worst record in ’23/24, Cunningham had a strong third season, averaging 22.7 PPG, 4.3 RPG, 7.5 APG and 0.9 SPG on .449/.355/.869 shooting in 62 games (33.5 MPG).

Assuming Cunningham’s contract comes to fruition, which seems likely, he would join Raptors forward Scottie Barnes as the second player from the 2021 draft class to agree to a rookie scale extension. The full list of players eligible for rookie scale deals can be found right here.

While Barnes agreed to an extension that features Rose rule language, potentially allowing him to earn 30% of the ’25/26 salary cap instead of 25%, the terms Charania and Edwards reported suggest that Cunningam might not have gotten that offer from Detroit. Either way, it’s a major commitment to the 6’6″ guard, who will earn $13.94MM in ’24/25, which is the final season of his rookie scale contract.

Clippers Sign Kevin Porter Jr. To Two-Year Contract

July 10th, 2024 at 12:50pm CST by Dana Gauruder

JULY 10: Porter is officially a Clipper, the team announced today in a press release.

JUNE 30: The Clippers have reached a two-year agreement with guard Kevin Porter Jr., Shams Charania of The Athletic reports (via Twitter). The contract will include a player option in the second year.

Porter’s new deal will be for the veteran’s minimum, The Athletic’s Law Murray tweets, and will be fully guaranteed, per Kelly Iko of The Athletic (Twitter link). It will include a 15% trade kicker, Jake Fischer of Yahoo Sports adds (Twitter link).

Porter has had a short, but checkered, history in the NBA. He started his career with Cleveland, but was inactive at the beginning of the 2020/21 season due to an off-season weapons charge, which was later dropped. He was traded from Cleveland to Houston in 2021 on the heels of a locker room incident.

In 2023, following an arrest on a domestic assault charge, Porter was traded by the Rockets to Oklahoma City shortly before the start of the regular season. The Thunder waived him the day after the deal was completed and he didn’t play in the league this past season.

Porter reached a plea agreement of a third-degree reckless assault misdemeanor in January. He is in the process of completing a court-ordered program, and once completed his plea will move to not guilty with no criminal record (Twitter links).

Porter was originally charged with felony counts of assault and strangulation after an altercation with his former girlfriend in New York.

At the beginning of April, Porter signed with PAOK in Greece. In six domestic league matches, he averaged 22.0 points, 9.8 rebounds, 6.8 assists and 2.8 steals in 39 minutes per contest.

Porter drew multiple suitors, according to Charania, before choosing the Clippers. With the team seeking to trade Russell Westbrook, Porter has an opportunity to jump right into the rotation.

In his last season with the Rockets, he averaged 19.2 points, 5.3 rebounds and 5.7 assists per game in 59 starts. For his career, Porter has averaged 15.3 points, 4.3 rebounds and 5.0 assists per contest.

Sixers Sign Eric Gordon To Minimum-Salary Deal

July 10th, 2024 at 9:50am CST by Luke Adams

JULY 10: Gordon’s minimum-salary contract with the Sixers is now official, the team confirmed in a press release.

“Eric is a proven shot-maker whose ability to create space and punish defenses that overextend will help solidify an already dynamic offense,” team president of basketball operations Daryl Morey said in a statement. “He plays bigger as the moments get bigger which will be key for our playoff run. I’ve known Eric for many years – he is devoted to his craft and continuously works on his game, allowing him to have such a long and successful career. We are lucky to have him in Philly.”

Gordon’s new contract will actually be for two years, with a second-year player option, Hoops Rumors has learned.

JUNE 30: Free agent guard Eric Gordon has agreed to sign with the Sixers, according to Shams Charania of The Athletic (Twitter link). Kyle Neubeck of PHLY Sports reports (via Twitter) that it’ll be a minimum-salary contract, while Keith Pompey of The Philadelphia Inquirer (Twitter link) says it’ll be for one year.

Gordon inked a two-year minimum-salary deal with the Suns last season and averaged 11.0 points, 2.0 assists, and 1.8 rebounds in 27.8 minutes per game, with a shooting line of .443/.378/.797.

Because his deal included a second-year player option, he was able to opt out and return to the free agent market this summer in search of a new opportunity.

By signing in Philadelphia, Gordon will reunite with Sixers president of basketball operations Daryl Morey, who oversaw the Rockets’ front office during most of the veteran guard’s tenure with the franchise from 2016-23.

Since Gordon is receiving the veteran’s minimum, the 76ers will be able to wait until after they’ve used up all their cap room to officially sign him and won’t need to dedicate a chunk of that space to the 35-year-old.

Clippers Re-Sign James Harden To Two-Year Deal

July 10th, 2024 at 6:14am CST by Arthur Hill

JULY 10: Harden’s new contract with the Clippers is now official, per the NBA’s transaction log.

Harden’s deal, which is worth $33,653,846 in year one with a $36,346,154 second-year player option, also features a 15% trade kicker. He’ll have the right to veto any trade involving him in 2024/25.

JUNE 30: Free agent guard James Harden will be remaining with the Clippers, according to Shams Charania of The Athletic, who reports (via Twitter) that the former MVP is signing a new two-year, $70MM contract with the club. The second season will be a player option, sources tell Vincent Goodwill of Yahoo Sports (Twitter link).

Harden was acquired in November after a messy dispute with Sixers president of basketball operation Daryl Morey over what Harden considered to be broken promises in contract negotiations. Harden publicly insulted Morey and disrupted training camp in an effort to force his way out of Philadelphia.

Harden was initially an awkward fit alongside Kawhi Leonard, Paul George and Russell Westbrook, but the four All-Stars eventually worked things out and the Clippers claimed the fourth seed in the West with a 51-31 record.

Harden took over as the starting point guard and contributed 16.6 points, 5.1 rebounds and 8.5 rebounds per night in 72 games.

The player option means Harden will get another chance to test the free agent market next summer when he may be better positioned to get a long-term deal.

There were rumors this weekend that the Lakers were considering targeting Harden, but as an over-the-cap team, they would have had no realistic path to match the Clippers’ offer.

Harden’s new deal pushes the Clippers’ projected team salary above $152MM for 10 players, according to Yossi Gozlan at CapSheets.com. That puts the team about $19MM below the luxury tax line, but doesn’t account for Paul George, whose maximum salary would push that total into second-apron territory if he returns. If George signs elsewhere, the Clippers could have the full mid-level exception and bi-annual exception available.

Clippers Sign Kai Jones To Exhibit 10 Contract

July 10th, 2024 at 6:12am CST by Rory Maher

JULY 10: The Clippers have officially signed Jones, according to the NBA’s transaction log. His deal includes Exhibit 9 and Exhibit 10 language, per Keith Smith of Spotrac (Twitter link), so it won’t count against the team’s cap unless he makes the regular season roster.

JULY 5: The Clippers are re-signing free agent big man Kai Jones to a non-guaranteed contract, reports Shams Charania of The Athletic (via Twitter).

Jones’ non-guaranteed deal will cover one year for the veteran’s minimum, according to Law Murray of The Athletic (Twitter link). The Bahamian forward/center will be competing for a roster spot in training camp, per Charania.

The 19th overall pick in the 2021 draft, Jones wasn’t able to earn rotation minutes during his first two seasons with Charlotte. He was waived in October after a series of unusual social media posts that called out several of his Hornets teammates.

Jones returned to the NBA in March on a 10-day contract with Philadelphia, but didn’t see any game action before it expired in part due to a hamstring injury. He signed with the Clippers on the final day of the regular season and didn’t get into a game with them either.

The Clips declined Jones’ team option for 2024/25 last week, making him an unrestricted free agent. However, Murray reported multiple times that the 23-year-old was expected to return to L.A.

Murray also stated that Jones is currently dealing with an ankle injury that will prevent him from playing in Summer League.

Bucks Sign Taurean Prince To One-Year Deal

July 9th, 2024 at 9:00pm CST by Luke Adams

JULY 9: The Bucks have officially signed Prince, according to a team press release.

JULY 3: Free agent forward Taurean Prince intends to sign a contract with the Bucks, sources tell Shams Charania of The Athletic (Twitter link). According to Michael Scotto of HoopsHype (Twitter link), it’s a one-year deal.

Milwaukee isn’t currently in position to offer more than the veteran’s minimum to any outside free agents due to its proximity to the second tax apron, so this figures to be a minimum-salary agreement.

Prince, 30, signed a one-year, $4.5MM contract with the Lakers last season and played a significant rotation role in Los Angeles — his 49 starts and 27.0 minutes per game represented his highest marks since the 2019/20 season. He appeared in 78 games overall, averaging 8.9 points, 2.9 rebounds, and 1.5 assists per night, with a .396 3PT%.

While Prince was perhaps leaned on too heavily as a starter in L.A., he’s a solid three-and-D reserve who figures to play a regular role off the bench for the Bucks in 2024/25.

The move will reunite him with Darvin Ham, the former Lakers head coach who trusted him with those significant minutes last season. Ham, who was also an assistant in Atlanta from 2016-18 at the start of Prince’s career with the Hawks, is now part of Doc Rivers‘ coaching staff in Milwaukee.

A minimum-salary deal for Prince will pay him a salary of $2,988,550 and will count against the Bucks’ cap for $2,087,519.

Rockets Add N’Faly Dante Via Two-Way Deal

July 9th, 2024 at 8:30pm CST by Alex Kirschenbaum

JULY 9: Dante has officially signed the two-way contract, the team tweets.

JUNE 27: The Rockets are signing undrafted Oregon center N’Faly Dante to a two-way deal, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

The 6’11” big man was a two-time All-Pac-12 honoree and was also named to the Pac-12 All-Defensive Team in 2024. A five-year senior in 2023/24, he enjoyed his most productive season yet as a super-senior, averaging 17 points per game on 69.5% shooting from the field and 61.3% shooting from the charity stripe. Dante also logged averages of 9.2 rebounds, 1.9 blocks, 1.7 steals and 1.6 assists per contest.

Houston only wound up with one pick in the 2024 draft, the third selection, which the Rockets used on sharpshooting Kentucky guard Reed Sheppard. The club traded out from the No. 44 pick in the second round to obtain reserve small forward AJ Griffin from the Hawks as part of a three-team deal.