Transactions Rumors | Hoops Rumors

Celtics Sign Jordan Schakel To Non-Guaranteed Camp Deal

September 27th, 2023 at 9:36pm CST by Rory Maher

The Celtics have signed free agent guard/forward Jordan Schakel, according to Keith Smith of Spotrac (Twitter link). It will be a non-guaranteed training camp deal, Smith adds, likely featuring Exhibit 10 language.

A 6’6″ wing, Schakel went undrafted out of San Diego State in 2021. He caught on with the Wizards for his rookie season, signing an Exhibit 10 contract before being waived and spending the bulk of 2021/22 with their NBA G League affiliate, the Capital City Go-Go.

Schakel, who signed a 10-day hardship deal with Washington during the COVID-19 outbreak a couple years ago, inked a two-way contract with the Wizards prior to last season, but was released last November. Overall, he has played in six NBA games for 36 total minutes, all with the Wizards.

While he hasn’t played much at the NBA level, he was a G League regular the past two seasons. In 2022/23, he spent the fall Showcase Cup with the Go-Go, averaging 14.4 PPG, 3.6 RPG and 2.1 APG on .451/.360/.919 shooting over 17 games (31.3 MPG).

However, after spending six regular season games with the Go-Go, he finished last season with Golden State’s affiliate, the Santa Cruz Warriors. Overall, he averaged 10.9 PPG, 4.3 RPG and 1.5 APG on .452/.399/.862 shooting in 33 combined games with the two clubs (25.5 MPG).

It’s worth noting that since Schakel’s returning player rights are held by the Warriors, the Celtics will have to acquire his G League rights if the plan is for him to spend the upcoming season with their NBAGL affiliate in Maine, which seems highly likely. If he’s waived before the season starts, he could earn a bonus worth $75K — in addition to his G League salary — if he spends at least 60 days with Maine.

After signing Schakel, the Celtics now have 20 players on their roster ahead of training camp, one shy of the offseason limit.

Timberwolves Sign Tyrese Martin

September 27th, 2023 at 9:00pm CST by Luke Adams

9:00pm: The signing is official, per RealGM’s transactions log.

1:10pm: The Timberwolves have reached an agreement on a one-year contract with free agent wing Tyrese Martin, reports Shams Charania of The Athletic (Twitter link). According to Charania, Martin will get the opportunity to compete in camp for a spot on Minnesota’s regular season roster.

The 51st overall pick in the 2022 draft, Martin was waived in July after appearing in just 16 games for the Hawks last season as a rookie. He scored 21 points and grabbed 12 rebounds in his 66 total minutes at the NBA level.

Martin saw more frequent playing time for the College Park Skyhawks in the G League, averaging 18.0 PPG, 9.2 RPG, and 1.9 APG on .503/.366/.805 shooting in 23 regular season contests (33.9 MPG) for Atlanta’s G League affiliate. However, the Hawks opted against locking in the second year of his minimum-salary contract, cutting him before his guarantee date.

The details of Martin’s deal with the Wolves are unclear, but I expect it’ll be a non-guaranteed minimum-salary contract, possibly with an Exhibit 10 clause.

Minnesota currently has 14 players on guaranteed standard contracts and three on two-way deals. However, at least one of those two-way spots is believed to be up for grabs, with Matt Ryan expected to compete to keep his roster spot. If Martin gets an Exhibit 10 contract, it could be converted into a two-way deal before the regular season begins.

If Ryan and the Wolves’ other two-way players hang onto their spots and the team decides to carry a 15th man into the regular season, Martin would be competing against camp invitees such as Vit Krejci, Trevor Keels, and Daishen Nix to fill that final roster opening.

Heat Make Roster Moves, Add RJ Hampton On Two-Way Deal

September 27th, 2023 at 4:59pm CST by Rory Maher

The Heat have waived Jamaree Bouyea and Caleb Daniels in order to sign Jon Elmore and Cheick Diallo, the team announced in a press release. Elmore was immediately released to make room for RJ Hampton, who will take Bouyea’s two-way slot.

It’s probably not a coincidence that Miami had all these moves lined up to be finalized after the team didn’t trade for Damian Lillard. The longtime Trail Blazers star is surprisingly being sent to the Bucks in a three-team blockbuster.

A former first-round pick (24th overall in 2020), Hampton was sent to Orlando from Denver during his rookie season as part of the Aaron Gordon trade. Last fall, the Magic declined their fourth-year team option on the young guard, and his playing time was subsequently reduced.

Orlando wound up waiving Hampton after the February trade deadline and he caught on with the Pistons, but his two-year contract was only guaranteed for the remainder of 2022/23. Detroit released him in late June before his salary for ’23/24 became guaranteed, making him an unrestricted free agent.

Overall, Hampton averaged 6.4 PPG and 1.9 RPG on .430/.353/.750 shooting in 47 games (16.0 MPG) last season. He has appeared in a total of 162 games with the Nuggets, Magic and Pistons over his three NBA seasons.

Still just 22 years old, the Heat will take a flier on Hampton and see if they can turn him into a more consistent player. 2023/24 will be his final season of eligibility for a two-way contract. Hampton’s two-way deal will pay him $559,782 and will make him eligible to appear in up to 50 regular season contest.

As for Diallo, he signed an Exhibit 10 contract and will compete for a roster spot in training camp, reports Ira Winderman of The South Florida Sun Sentinel (via Twitter). A native of Mali, Diallo holds five years of NBA experience with the Pelicans, Suns and Pistons, appearing in 183 regular season games with career averages of 5.2 PPG and 4.1 RPG from 2016-22.

Last season, Diallo played in Japan and Puerto Rico. The 27-year-old big man was the 33rd overall pick back in 2016.

As previously mentioned, Bouyea was on a two-way deal. It’s possible that he received a $75K partial guarantee as part of his contract — that’s the maximum protection a two-way player can have in ’23/24. Either way, that figure won’t count against the Heat’s salary cap. The 6’2″ point guard appeared in five NBA games as a rookie last season with Miami and Washington, both on 10-day deals.

Daniels and Elmore also received Exhibit 10 contracts, Anthony Chiang of The Miami Herald confirms, which will make them each eligible for a bonus worth up to $75K if they spend at least 60 days with Miami’s NBA G League affiliate, the Sioux Falls Skyforce. Elmore, who holds some international experience, was a rotation regular for the Skyforce last season. Daniels, meanwhile, went undrafted out of Villanova in June.

As our tracker shows, Miami’s roster remains at the offseason maximum of 21 players under contract, with 12 players on guaranteed standard deals and all three two-way slots filled.

Hawks Waive Chris Silva

September 27th, 2023 at 3:47pm CST by Luke Adams

Just days after signing him, the Hawks have waived big man Chris Silva, the team announced today in a press release.

Silva, 27, has appeared in 70 NBA games over four seasons with the Heat, Kings, Timberwolves and Mavericks, and holds career averages of 2.8 PPG and 2.7 RPG in 7.6 MPG.

A 6’8″ power forward/center, Silva went undrafted out of South Carolina in 2019. He has spent most of his professional career with Miami, appearing in 64 games with the club.

It appears Silva will end up rejoining the College Park Skyhawks, Atlanta’s G League affiliate, to open the 2023/24 season after spending much of ’22/23 with the club. Hoops Rumors has confirmed that Silva’s contract with the Hawks was an Exhibit 10 deal that will entitle him to a bonus worth $75K if he spends at least 60 days with College Park.

With training camp around the corner, Atlanta now has 18 players under contract, leaving three open spots on the team’s 21-man offseason roster.

Warriors, Rudy Gay Agree To One-Year Deal

September 27th, 2023 at 10:35am CST by Luke Adams

The Warriors and free agent forward Rudy Gay are in agreement on a one-year contract, agent Sam Permut tells Adrian Wojnarowski of ESPN (Twitter link). According to Wojnarowski, Gay will compete in training camp for a spot on Golden State’s regular season roster.

Gay, 37, spent the last two seasons in Utah and exercised a player option to guarantee his $6.48MM salary for 2023/24. However, he was traded twice this offseason – first to Atlanta in the John Collins deal and then to Oklahoma City as part of a package for Patty Mills – and was subsequently waived by the Thunder, making him an unrestricted free agent in July.

A 17-year veteran who regularly averaged in the neighborhood of 20 points per game during stints in Memphis, Toronto, and Sacramento earlier in his career, Gay has seen his playing time and his production decline in recent seasons.

His 5.2 points, 2.9 rebounds, and 14.6 minutes per game in 56 appearances with the Jazz in 2022/23 were all career lows, as were his 38.0% field goal percentage and a 25.4% mark on three-point tries.

Still, Gay put up decent scoring numbers off the bench for several years prior to last season, so the Warriors – who were identified in July as one of several clubs to register interest in the forward and were rumored to be in the market for a wing – will take a flier on him this fall to see what he still has left in the tank.

Golden State currently has 13 players on fully guaranteed contracts and a pair on two-way deals, so the club could technically carry three additional players into the regular season — two on standard contracts and one on a two-way pact. However, Gay is ineligible to be a two-way player and it’s unclear whether the Warriors intend to fill all 15 of their standard roster slots. Leaving the 15th spot open would give the Dubs more in-season flexibility and would help reduce their end-of-season luxury tax bill.

If the Warriors only carry 14 players on standard contracts to open the season and don’t trade or waive anyone with a guaranteed salary, Gay would have to beat out fellow veteran wing Rodney McGruder and any other camp invitees for that final spot.

The full terms of Gay’s one-year deal aren’t yet known, but it will be worth the veteran’s minimum, which is all Golden State can offer. We’ll have to wait to see whether it includes any guaranteed money.

Pacers Sign Craig Sword, Pedro Bradshaw To Camp Deals

September 26th, 2023 at 3:08pm CST by Luke Adams

The Pacers have signed free agent guards Craig Sword and Pedro Bradshaw to training camp contracts, according to RealGM’s transaction log. The club now has 20 players under contract.

Tony East of SI.com (Twitter link) previously reported that Sword would be getting an Exhibit 10 contract from Indiana, while marketing agency RBA Showcase (Twitter link) confirmed Bradshaw’s signing.

In all likelihood, both Sword and Bradshaw will end up as returning rights players for the Indiana Mad Ants (formerly the Fort Wayne Mad Ants), the Pacers’ G League affiliate. Bradshaw played for the team last season, while Sword was a member of the Capital City Go-Go who had his rights acquired earlier this month by the Mad Ants.

An NBAGL veteran who has appeared in more than 200 games at that level, Sword averaged 7.8 points, 3.5 rebounds, and 1.1 steals in 22.2 minutes per game last season in 43 appearances for the Go-Go, with a solid shooting line of .566/.387/.725. Bradshaw was a role player for the Mad Ants, averaging 9.2 PPG and 6.0 RPG on .507/.423/.763 shooting in 45 appearances (20.0 MPG).

Both players will earn bonuses worth up to $75K if they’re waived by the Pacers before the regular season and then spend at least 60 days with the Mad Ants.

Wolves Sign Trevor Keels To Training Camp Deal

September 26th, 2023 at 3:07pm CST by Rory Maher

SEPTEMBER 26: Minnesota has officially signed Keels, according to RealGM’s transaction log.

SEPTEMBER 25: The Timberwolves plan to sign free agent guard Trevor Keels to a training camp contract, sources tell Jon Krawczynski of The Athletic (Twitter link).

The 42nd pick of the 2022 draft after one college season at Duke, Keels spent his rookie season on a two-way contract with the Knicks, who gave him a qualifying offer in June to make him a restricted free agent. Keels accepted his QO this summer to return to New York on a two-way deal, but his stint only lasted a week, as he was waived to make room for Dylan Windler.

Keels, 20, only appeared in three games for the Knicks in 2022/23 for a total of eight minutes. He was a starter for their G League affiliate in Westchester, however, averaging 13.9 points, 3.4 assists, 2.8 rebounds and 1.0 steal in 25 regular season games (30.2 minutes). He posted a shooting line of .425/.355/.710.

While the terms of the contract were not disclosed, Keels’ agreement with Minnesota likely features an Exhibit 10 clause, which would entitle him to a bonus worth up to $75K if he spends at least 60 days with the team’s G League affiliate, the Iowa Wolves. However, his NBAGL rights are currently held by the Knicks, so Iowa will have to make a trade with the Westchester Knicks — New York’s affiliate — to acquire his returning player rights.

Exhibit 10 contracts can also be converted into two-way deals, and the Timberwolves currently have one two-way opening, though they also have a two-way qualifying offer out to RFA Matt Ryan.

Once Keels is officially under contract, the Timberwolves will have 19 players on their roster, as our tracker shows.

Nets Sign Scottie Lindsey

September 26th, 2023 at 2:37pm CST by Luke Adams

The Nets have signed free agent shooting guard Scottie Lindsey to a training camp contract, according to announcements from the team and marketing agency RBA Showcase (Twitter link).

Lindsey, 27, has played primarily in the G League since going undrafted out of Northwestern in 2018, spending time with the Grand Rapids Drive, Erie BayHawks (now the Birmingham Squadron), Windy City Bulls, and Maine Celtics. He has also played in professional leagues in Portugal and Canada.

Last season, Lindsey appeared in a total of 44 regular season and Showcase Cup games for Maine, averaging 11.3 points and 3.7 rebounds in 24.3 minutes per contest with a shooting line of .435/.332/.860.

The Long Island Nets – Brooklyn’s G League affiliate – announced on Monday that they acquired the returning rights for Lindsey and A.J. Reeves from the Maine Celtics in exchange for the returning rights to Jordan Bowden and Noah Kirkwood, so it’s safe to assume the Nets view Lindsey as a player who will eventually suit up for their NBAGL squad.

Assuming Lindsey’s new deal with the team includes Exhibit 10 language, which is very likely, he’ll earn a bonus worth up to $75K if he spends at least 60 days with Long Island after being waived by Brooklyn.

The Nets, who have been busy making roster moves this week with an eye toward the G League season, now have 20 players under contract.

Matt Ryan Returns To Timberwolves On Two-Way Deal

September 26th, 2023 at 2:25pm CST by Luke Adams

2:25pm: Ryan has officially re-signed with the Wolves on a two-way contract, per NBA.com’s transaction log. As we relayed in a separate story, Ryan’s roster spot for the regular season isn’t necessarily safe, as he’ll have to compete with Minnesota’s camp invitees to retain his two-way spot.

7:57am: After remaining on the restricted free agent market for nearly three months, swingman Matt Ryan is signing a two-way contract to return to the Timberwolves, sources tell Shams Charania of The Athletic (Twitter link).

Ryan opened last season on a non-guaranteed contract with the Lakers, but was waived at the start of December and quickly caught on with the Timberwolves on a two-way deal, finishing the season in Minnesota.

He appeared in 35 total games for the two Western clubs in 2022/23, averaging 3.6 points in 9.1 minutes per game while making 38.1% of his three-point attempts.

Ryan’s ability to hit outside shots – he’s a career 40.1% three-point shooter in 37 G League regular season appearances – helped earn him a qualifying offer from the Timberwolves in June that made him a restricted free agent. He had the option of accepting that QO, equivalent to another one-year, two-way contract, or seeking out an offer sheet from a rival suitor, which Minnesota could have matched.

Given that he’s remaining with the Wolves, it appears Ryan was unable to find a viable offer from another team this summer. He was one of two restricted free agents still on the market, along with fellow two-way RFA Theo Maledon of the Hornets.

Once Ryan officially re-signs, Minnesota will have filled all three of their two-way slots. Luka Garza and Jaylen Clark are the other two Wolves on two-way deals.

Kelly Oubre Signs One-Year Contract With Sixers

September 26th, 2023 at 12:29pm CST by Dana Gauruder

SEPTEMBER 26: Oubre has officially signed with the Sixers, the team confirmed today in a press release. Philadelphia announced in the same release that it has waived Marcus Bagley. The corresponding move was necessary because the team had a full 21-man roster.

SEPTEMBER 18: Veteran forward Kelly Oubre is signing a one-year contract with the Sixers, ESPN’s Adrian Wojnarowski tweets.

Oubre was one of the last prominent free agents on the market. He struggled to find a contract to his liking in free agency despite averaging a career-best 20.3 points to go along with 5.2 rebounds, 1.1 assists and 1.4 steals per game in 48 appearances (32.3 MPG) last season with the Hornets.

He’s signing for the veteran’s minimum, Derek Bodner of PHLY Sports tweets. Having been in the league for eight seasons, Oubre is in line for a salary of $2,891,467.

Oubre spent the last two seasons in Charlotte and has also had stints with Washington, Phoenix and Golden State. In 527 career games, he has averaged 12.8 points in 25.8 minutes. The main drawback in his offensive game remains his spotty 3-point shooting (33.0% for his career, 31.9% last season).

The addition of Oubre will give the Sixers a full 21-man camp roster. If his deal is fully guaranteed, it would give Philadelphia 14 players on fully guaranteed contracts.

Given the uncertainty of James Harden‘s status, Oubre could be in line for major minutes. Philadelphia has a projected lineup of Harden, Tyrese Maxey, Tobias Harris, P.J. Tucker and Joel Embiid. Their wing depth consists mainly of Furkan Korkmaz, Danuel House and De’Anthony Melton.

The Sixers were not among the teams rumored to be interested in Oubre. The Cavaliers, Mavericks and Heat were mentioned, but this could be an even better opportunity for him.