Transactions Rumors | Hoops Rumors

Wizards Waive Eugene Omoruyi

August 21st, 2024 at 12:00pm CST by Luke Adams

12:00pm: The Wizards have officially waived Omoruyi, the team announced today (via Twitter).

10:48am: The Wizards are expected to place forward Eugene Omoruyi on waivers on Wednesday, reports Josh Robbins of The Athletic (Twitter link).

Omoruyi is currently on an expiring $2,196,970 contract. However, his salary is fully non-guaranteed, so Washington wouldn’t be on the hook for any of that money once he’s been officially released.

Omoruyi signed a two-way contract with the Wizards last July after being waived by the Pistons. The former Oregon standout, who previously spent time with Dallas, Oklahoma City, and Detroit from 2021-23, appeared in a career-high 43 games last season for Washington, averaging 4.8 points, 2.0 rebounds, and 0.8 assists in 9.1 minutes per night.

The Wizards converted Omoruyi’s two-way deal to a standard two-year contract in March.

If he’s claimed off waivers, Omoruyi’s new team would be responsible for his $2.2MM salary for 2024/25, which becomes partially guaranteed for $1MM if he remains under contract through the start of the regular season. Should the 27-year-old go unclaimed, he’d become an unrestricted free agent and would be able to sign with any club.

Waiving Omoruyi is the first step for the Wizards to address their roster crunch ahead of the regular season. Entering the day, the team was carrying 17 players on standard contracts, including 15 players with guaranteed salaries.

Besides Omoruyi, Jared Butler is the other player without a fully guaranteed deal, so Washington could set its 15-man regular season roster by cutting Butler — or by waiving or trading a player on a guaranteed contract.

Keyontae Johnson Agrees To Deal With Hornets

August 20th, 2024 at 6:00pm CST by Tristan Tucker

Former Thunder forward Keyontae Johnson is signing with the Hornets, according to a social media post from his agency, Priority Sports (Instagram link).

It’s unclear what sort of deal Johnson is signing with the Hornets. Charlotte has one open standard roster spot and one open two-way slot, so he could theoretically be signing into one of those open spots. A two-way deal or an Exhibit 10 contract feel like the most likely outcomes for the former Kansas State forward.

Johnson was the 50th overall pick in 2023 and spent his rookie season on a two-way contract. He averaged 1.2 points in nine games last season but played more in the G League, averaging 19.7 points, 6.2 rebounds, 2.1 assists and 1.1 steals in 38 games with the Oklahoma City Blue.

Johnson began his collegiate career at Florida, where he played from 2018-22. He was a member of the All-SEC First Team in his sophomore season after averaging 14.0 points and 7.1 rebounds. Then, in 2020, Johnson made national headlines after collapsing on the court and falling into a coma. He made a remarkable recovery over the next two years before returning to basketball in 2022/23 as a member of Kansas State. He had a terrific season for the Wildcats, averaging 17.4 points and 6.8 rebounds, and was rewarded with an NBA contract for his efforts.

The 6’6″ forward continued his impressive play into the G League last season where he made 40.4% of his three-point attempts.

Signing Johnson would bring the Hornets to 17 players on their offseason roster out of a maximum 21. They have 14 players on standard contracts (13 guaranteed), a pair on two-way deals, and Johnson, whose deal has yet to be specified. The team has also reportedly agreed to sign undrafted free agent Raequan Battle to an Exhibit 10 contract.

Cavaliers Re-Sign Emoni Bates To Two-Way Deal

August 20th, 2024 at 3:06pm CST by Luke Adams

Restricted free agent Emoni Bates is back under contract with the Cavaliers, according to the NBA’s official transaction log, which indicates that the forward has signed a two-way deal with Cleveland.

Bates became a restricted free agent when the Cavs issued him a two-way qualifying offer following his rookie season. In all likelihood, he simply accepted that QO, which is the equivalent of another one-year, two-way contract.

A former five-star recruit, Bates was selected 49th overall in the 2023 draft following a pair of up-and-down college seasons at Memphis and Eastern Michigan. The 20-year-old appeared in just 15 games for Cleveland as a rookie, averaging 2.7 points per game on 30.6% shooting in 8.9 minutes per night.

In 27 Showcase Cup and regular season G League games for the Cleveland Charge, Bates showed more promise, putting up 21.6 PPG and 5.7 RPG with a .414/.371/.814 shooting line. He was voted in as a participant in the NBAGL’s Up Next game at All-Star weekend in February.

The Cavaliers have now officially filled one of their two-way slots, with JT Thor reportedly set to fill another. Once Thor’s deal is official, Cleveland will have one more two-way contract to offer.

Bates had been one of just two restricted free agents who remained unsigned. His new deal leaves teammate Isaac Okoro as the only RFA still on the market.

Raptors Sign Jared Rhoden To Exhibit 10 Contract

August 19th, 2024 at 11:56am CST by Arthur Hill

The Raptors have signed free agent guard Jared Rhoden, the team announced (via Twitter).

It’s an Exhibit 10 deal, a source tells Blake Murphy of Sportsnet (Twitter link), which means Rhoden will be invited to camp with no assurances of earning a roster spot or a two-way contract. He can receive a bonus worth up to $77.5K if he’s waived and spends at least 60 days with Toronto’s G League affiliate.

Rhoden, 24, played the past two years on two-way contracts with the Pistons, appearing in 31 total games. Last season he averaged 4.9 points and 1.9 rebounds in 17 games while shooting 50% from the field and 38.7% from three-point range.

A former standout at Seton Hall, Rhoden signed with the Trail Blazers after going undrafted in 2022. He was waived before the start of the season and claimed by the Hawks, who waived him the next day.

Toronto has now reached the training camp limit of 21 players, Murphy adds (Twitter link). That total breaks down to 14 guaranteed contracts, Bruno Fernando‘s non-guaranteed deal, three two-way players and three with Exhibit 10 contracts. That includes Quincy Guerrier, whose Exhibit 10 deal has been reported, but not confirmed by the Raptors. Murphy notes that the team has plenty of room below the tax line to make in-season roster moves.

Sixers To Sign Guerschon Yabusele To One-Year Deal

August 18th, 2024 at 11:33am CST by Rory Maher

11:33am: Yabusele has agreed to a one-year deal with Philadelphia, reports Michael Scotto of HoopsHype (via Twitter). It will be minimum-salary contract, per ESPN’s Adrian Wojnarowski (Twitter link). Yabusele has two years of NBA experience, so his salary for 2024/25 will be $2,087,519.

11:06am: The Sixers and Guerschon Yabusele are in “serious talks” about a contract that would bring the French forward stateside, league sources tell Shams Charania of The Athletic.

The news is pretty surprising, given that Yabusele’s buyout clause with Real Madrid is valued at $2.5MM — multiple NBA teams viewed that figure as “prohibitive,” according to Marc Stein (Substack link). However, Charania says Yabusele is working to resolve his situation with the Spanish powerhouse.

As our Luke Adams outlined a couple days ago, NBA teams are only permitted to pay up to $850K this season for an international player’s buyout without that money counting toward their cap. According to Charania, the remaining $1.65MM is what’s being discussed between Yabusele and Real Madrid.

The 16th overall pick in the 2016 draft, Yabusele spent a year as a draft-and-stash prospect in China, then played for the Celtics for two seasons from 2017-19. He appeared in 74 games, including five starts. He averaged 2.3 points and 1.4 rebounds in 7.1 minutes per contest.

The 28-year-old has become a star in Europe over the past several seasons, the past three of which came with Real Madrid. He was one of the top players at the Olympics in Paris, averaging 14 points per game and earning second-team honors while helping France capture the silver medal.

Shortly after France lost to the United States in the gold-medal game, Yabusele indicated he was eager to return to the NBA, and now a deal appears imminent.

Bulls Sign Kenneth Lofton Jr. To Exhibit 10 Contract

August 17th, 2024 at 11:50am CST by Luke Adams

AUGUST 17: Lofton’s deal with the Bulls is official, according to RealGM’s transaction log. It’s an Exhibit 10 contract, Hoops Rumors has confirmed.

AUGUST 16: Free agent forward Kenneth Lofton Jr. has agreed to a one-year contract with the Bulls, sources tell Shams Charania of The Athletic (Twitter link).

While Charania doesn’t provide any other details on the deal, he says Lofton will have the opportunity in training camp to compete for a spot on Chicago’s regular season roster. That suggests it’ll be a non-guaranteed minimum-salary contract.

Lofton, who turned 22 on Wednesday, began his professional career with the Grizzlies in 2022 after going undrafted out of Louisiana Tech. The bulky 6’6″ forward spent most of his rookie year on a two-way contract with Memphis, appearing in 24 NBA games.

After being converted to a standard contract in April 2023, Lofton began the 2023/24 season on the Grizzlies’ 15-man roster, but was waived in December when Ja Morant was activated from the suspended list. He spent a couple months on a two-way deal with Philadelphia, then was waived again in March and signed a rest-of-season contract with the Jazz, who cut him last month before his ’24/25 salary became partially guaranteed.

Although Lofton didn’t play much at the NBA level in ’23/24, he finished the year strong in Utah, averaging 13.8 points, 5.0 rebounds, and 4.8 assists in 22.8 minutes per game across four April outings for the Jazz. He also had a big year in the G League, earning All-NBAGL First Team honors after putting up 25.1 PPG, 9.5 RPG, 4.4 APG, and 1.6 BPG in 19 regular season games (30.1 MPG) for the Delaware Blue Coats and the Salt Lake City Stars.

The Bulls currently have 14 players on guaranteed standard contracts, with Onuralp Bitim on a non-guaranteed deal, so if Lofton impresses in camp, he could become the team’s 15th man. Chicago also has a two-way spot available, though Lofton would only be eligible to have his contract converted to a two-way deal if it includes Exhibit 10 language.

JT Thor Agrees To Two-Way Contract With Cavaliers

August 17th, 2024 at 11:39am CST by Tristan Tucker

Former Hornets forward JT Thor is signing a two-way contract with the Cavaliers, Shams Charania of The Athletic reports (Twitter link).

Thor, the 37th overall pick in the 2021 draft, spent the first three years of his career with the Hornets. He didn’t play a major role with Charlotte, but earned a handful of spot starts across his tenure with the franchise. He averaged 3.2 points and 2.1 rebounds in 165 games (11 starts; 12.2 MPG) with the Hornets from 2021-24.

The former Auburn standout earned some first-round buzz in the 2021 draft after a freshman season that saw him average 9.4 points, 5.0 rebounds, 1.4 blocks and 0.8 steals while stretching out to the three-point line as a 6’10” forward. At 21 years old, he still has some untapped potential.

Thor most recently impressed in the Olympics, playing for South Sudan’s national team. He averaged about seven points and five rebounds for South Sudan.

Thor is the first reported two-way signing for the Cavs, giving them two other spots they can choose to fill. They have a two-way qualifying offer out for Emoni Bates, who finished last season on a two-way contract with the team.

Pete Nance and Isaiah Mobley also finished the 2023/24 season on two-way deals with Cleveland but are both unrestricted free agents, free to sign with any team.

Clippers, Kevon Harris Agree To Camp Deal

August 15th, 2024 at 6:46pm CST by Luke Adams

Free agent guard Kevon Harris has agreed to sign a training camp contract with the Clippers, agent Daniel Hazan tells Shams Charania of The Athletic (Twitter link).

According to Charania, Harris will get the opportunity to compete for a regular season roster spot in Los Angeles. However, that could be an uphill battle unless the Clippers trade or waive one of the players projected to be on their 15-man roster. The club is currently carrying 15 players on fully guaranteed contracts, plus Kai Jones on an Exhibit 10 deal.

Harris, 27, appeared in 34 games for the Magic in 2022/23 while on a two-way contract with the team. That deal covered the ’23/24 season as well, though he saw action in just two NBA contests this past year after missing the first half of the season due to a knee issue.

In 27 regular season outings for the Osceola Magic in the G League in ’23/24, Harris averaged 16.4 points, 5.3 rebounds, and 2.4 assists in 28.8 minutes per contest, posting a shooting line of .492/.381/.746. The 6’5″ shooting guard was selected to play in the NBAGL’s Up Next game at All-Star weekend.

The Clippers currently have 18 players officially signed to their offseason roster and have also reportedly reached agreements on training camp deals with Elijah Harkless, RayJ Dennis, and now Harris.

Lakers Sign Kylor Kelley, Quincy Olivari To Exhibit 10 Deals

August 14th, 2024 at 6:26pm CST by Luke Adams

6:26pm: Both moves are official, the Lakers announced (via Twitter).

1:09pm: The Lakers have signed free agents Kylor Kelley and Quincy Olivari to Exhibit 10 contracts, according to reports from Jovan Buha of The Athletic and Trevor Lane of Lakers Nation (Twitter links). Olivari’s agreement with the team was first reported in June, but Lane indicates that it’s official now (Twitter link).

Kelley, who went undrafted out of Oregon State in 2020, has played in the G League and a handful of other non-NBA leagues – including in England and Denmark – since going pro.

The 7’0″ center spent the 2023/24 season with the Maine Celtics, Boston’s affiliate, and earned NBAGL All-Defensive honors after averaging a league-leading 2.9 blocks per game in 29 regular season appearances (22.0 MPG). Kelley, 26, also contributed 7.8 points and 5.7 rebounds per contest.

Olivari, meanwhile, was a two-time All-CUSA honoree during his four seasons at Rice who transferred to Xavier for his final season of NCAA eligibility in 2023/24. The 6’2″ guard posted averages of 19.1 points, 5.6 rebounds, 2.1 assists and 1.4 steals per night last season, with shooting splits of .425/.409/.814.

Olivari played for the Lakers’ Summer League team last month, while Kelley suited up for the Thunder’s Summer League squad.

A player on an Exhibit 10 contract can earn a bonus worth up to $77.5K if he’s waived by his NBA team and then spends at least 60 days with his club’s G League affiliate. Exhibit 10 deals can also be converted to two-way contracts before the start of the regular season.

The Lakers now have 20 players under contract, including 15 on guaranteed standard deals and three on two-way pacts.

Skal Labissiere To Sign Exhibit 10 Deal With Kings

August 14th, 2024 at 5:09pm CST by Arthur Hill

Skal Labissiere will sign an Exhibit 10 contract with Sacramento and play for the Stockton Kings this season, according to Sean Cunningham of KTXL in Sacramento (Twitter link).

The 28-year-old power forward/center took a similar path last offseason when he was signed and waived by Sacramento on September 8. He appeared in 14 games with Stockton, making two starts and averaging 7.6 points, 3.7 rebounds and 1.5 assists in 16.4 minutes per night. He was selected to take part in the G League’s Up Next Game at All-Star Weekend.

Labissiere started his career with the Kings, who acquired him from Phoenix after he was selected with the 28th pick in the 2016 draft. He played in 106 games over two and a half seasons with Sacramento before being shipped to Portland at the 2019 trade deadline. The Trail Blazers traded him to Atlanta a year later, and he hasn’t played in the NBA since then.

Labissiere has spent most of his time in the G League, making stops with the Westchester Knicks and the Mexico City Capitanes before coming to Stockton. He also had a brief stay with a team in Puerto Rico.

A player on an Exhibit 10 contract can earn a bonus worth up to $77.5K if he’s waived by his NBA team and then spends at least 60 days with his club’s G League affiliate. Exhibit 10 deals can also be converted to two-way contracts before the start of the regular season.