Transactions Rumors | Hoops Rumors

Cavaliers Sign Zhaire Smith To Exhibit 10 Deal

September 15th, 2023 at 11:58am CST by Luke Adams

11:58am: The signing is official, Hoops Rumors has learned. Cleveland now has a full 21-man offseason roster.

11:14am: The Cavaliers are set to add a former first-round pick to their 21-man roster, according to Michael Scotto of HoopsHype (Twitter link), who hears from agent Adie von Gontard that Cleveland has agreed to an Exhibit 10 deal with free agent wing Zhaire Smith.

The 16th overall pick in the 2018 draft, Smith battled health issues after going pro and was limited to 13 regular season appearances in two NBA seasons with the Sixers. He was traded during the 2020 offseason to the Pistons, who subsequently waived him. The former Texas Tech standout hasn’t been on an NBA roster since he signed an Exhibit 10 contract with the Grizzlies in December 2020.

Although Smith was on the roster for the Memphis Hustle – the Grizzlies’ G League affiliate – in 2020/21, he didn’t play at all that season and hasn’t suited up for any team since then, having continued to be plagued by injuries. According to Joe Mussatto of The Oklahoman, the 24-year-old underwent separate cleanup procedures on both knees during the summer of 2022.

“Every year I was like, ‘Oh, I’m about to play, I’m about to play,’ then there was just a setback,” Smith said, per Mussatto. “I didn’t know what was going on with my knees, and that was the hardest part.”

Smith’s ongoing effort to make an NBA comeback saw him join the Thunder for Summer League action this July. He appeared in four total games in Salt Lake City and Las Vegas, averaging 6.0 points on 75.0% shooting in 14.0 minutes per game.

Exhibit 10 contracts can be converted to two-way deals, but the Cavaliers have filled all three of their two-way slots, so they likely envision having Smith suit up for their G League affiliate, the Cleveland Charge. If he’s waived before the NBA season begins and then spends at least 60 days with the Charge, Smith would be eligible to earn an Exhibit 10 bonus worth up to $75K.

Kings Convert Jordan Ford To Two-Way Contract

September 15th, 2023 at 10:25am CST by Tristan Tucker

SEPTEMBER 15: Ford’s contract has officially been converted to a two-way deal, per NBA.com’s transaction log.

SEPTEMBER 14: The Kings are converting the recently signed Jordan Ford to a two-way contract from his previous Exhibit 10 deal, according to TNT and Bleacher Report’s Chris Haynes (Twitter link). Ford signed his original Exhibit 10 deal with Sacramento on Tuesday.

It’s a bit surprising that Ford is having his deal converted so quickly, especially with it being reported before training camp, but as we wrote Tuesday, his G League and Summer League numbers were impressive.

Ford averaged 14.7 points and 4.6 assists in 32 games with Sacramento’s G League affiliate Stockton Kings last year and averaged 14.2 points and 5.0 assists with the Kings in Summer League this year.

After the conversion becomes official, the Kings will have three players signed to two-way deals (Ford, Keon Ellis and Jalen Slawson) and have 14 players on standard contracts. After converting Ford, the Kings will have no players signed to training camp contracts, though that figures to change in the coming weeks.

Timberwolves Sign Vit Krejci To Training Camp Contract

September 14th, 2023 at 2:35pm CST by Rory Maher

2:35pm: Krejci’s training camp deal is official, Minnesota announced in a press release.

11:23am: The Timberwolves plan to sign free agent guard/forward Vit Krejci to a training camp contract, league sources tell Jon Krawczynski of The Athletic (Twitter link).

Krejci was released by the Hawks last month. He cleared waivers a couple days later, making him an unrestricted free agent. His salary for 2023/24 was non-guaranteed, so Atlanta doesn’t owe him any money for the upcoming season.

The 37th overall pick of the 2020 draft, Krejci spent his first post-draft season rehabbing a torn ACL. He signed a multiyear contract with the Thunder prior to the 2021/22 season, playing 30 games for the club as a rookie.

Oklahoma City traded the Czech native to Atlanta last September in a move that was mostly about finances for the Hawks. Krejci, 23, appeared in 29 games for Atlanta in ’22/23, averaging a modest 5.3 MPG.

It’s probably safe to assume that Krejci’s camp deal will feature an Exhibit 10 clause. If that’s the case, he could earn a bonus worth up to $75K if he’s waived and spends at least 60 days with Minnesota’s G League affiliate, the Iowa Wolves. Exhibit 10 deals can also be converted into two-way deals — the Timberwolves do have one two-way slot open, though they also have a qualifying offer out to restricted free agent Matt Ryan.

Once Krejci’s deal is complete, Minnesota will have 17 players signed to its roster, including 14 on guaranteed standard contracts.

Magic Sign Mac McClung To Exhibit 10 Contract

September 13th, 2023 at 8:39pm CST by Luke Adams

SEPTEMBER 13: The signing is official, the Magic announced in a press release.

AUGUST 22: Free agent guard Mac McClung has agreed to a deal with the Magic, league sources Shams Charania of The Athletic (Twitter link). According to Jason Beede of The Orlando Sentinel (Twitter link), it’ll be an Exhibit 10 contract.

McClung only appeared in four NBA games in 2022/23 after signing a two-way contract with the Sixers. However, it was an eventful season for the 24-year-old, who earned a spot in the Rising Stars event and the G League’s Next Up game at All-Star weekend. Of course, he also competed in the Slam Dunk Contest and won it with a series of memorable dunks.

McClung appeared in 31 G League regular season games for the Delaware Blue Coats – Philadelphia’s affiliate – and averaged 19.8 points, 4.9 assists, and 2.7 rebounds in just 26.8 minutes per game. He posted an impressive .550/.474/.823 shooting line during the NBAGL regular season and helped lead the Blue Coats to a G League title.

An Exhibit 10 contract can be converted to a two-way deal, so it’s possible McClung will earn a spot on the Magic’s extended (18-man) roster with a strong training camp. If he’s waived before the regular season and then spends at least 60 days with the Osceola Magic, Orlando’s affiliate, he’d earn a bonus worth up to $75K.

Orlando previously agreed to Exhibit 10 deals with Trevelin Queen and Miye Oni.

Danny Green Signs One-Year Deal With Sixers

September 13th, 2023 at 1:20pm CST by Dana Gauruder

SEPTEMBER 13: Green has officially signed with the Sixers, the team announced today in a press release.

SEPTEMBER 5: Free agent wing Danny Green has agreed to a one-year deal with the Sixers, ESPN’s Adrian Wojnarowski tweets.

Green gives the Sixers 20 players on their camp roster, including their reported camp deal with David Duke. The Sixers had 13 players with guaranteed deals — it’s likely Green accepted a veteran’s minimum contract, though it’s uncertain whether he got a full guarantee.

Green finished last season with the Cavaliers after he was bought out by the Rockets. Green was sent from Memphis to Houston at the trade deadline as a salary-matching piece.

Green spent most of the season recovering from an ACL tear and didn’t play at all until February 1. He averaged 14.3 minutes in three games with the Grizzlies and didn’t suit up for the Rockets. Green, 36, played eight regular-season games for the Cavaliers and also appeared in four games during the postseason.

Green, of course, has a history in Philadelphia. He played for the Sixers during the 2020/21 season and part of the following year.

The career 40% 3-point shooter gives the Sixers another veteran wing option.

Cavaliers Sign Sharife Cooper, Pete Nance

September 13th, 2023 at 11:10am CST by Luke Adams

The Cavaliers have officially signed free agent guard Sharife Cooper and forward Pete Nance, the team announced today in a press release. Cleveland also formally confirmed its deal with Justin Powell, which we previously detailed.

The 48th overall pick in the 2021 draft, Cooper spent his rookie year on a two-way contract with Atlanta, then played for the Cleveland Charge in the G League last season. Appearing in – and starting – 25 games for the Charge, he averaged 21.3 points, 6.3 assists, and 3.8 rebounds in 32.5 minutes per night, with a shooting line of .431/.316/.853.

Nance’s Exhibit 10 agreement with the Cavs was reported shortly after he went undrafted in June. He has ties to the organization — he’s the son of former Cavs legend Larry Nance and the younger brother of Larry Nance Jr., who spent parts of four seasons with Cleveland.

After spending four seasons with Northwestern, Nance transferred to North Carolina for a “super senior” season in 2022/23, averaging 10.0 PPG, 6.0 RPG and 1.1 BPG on .422/.320/.816 shooting in 30 games (30.1 MPG) for the Tar Heels. He had a larger offensive role with the Wildcats in ’21/22, posting 14.6 PPG, 6.5 RPG, 2.7 APG and 1.1 BPG on .497/.452/.768 shooting in 30 games (27.2 MPG).

While it hasn’t been confirmed in each case, Cooper, Nance, and Powell likely all received Exhibit 10 contracts, which can be converted into two-way deals before the regular season or would put them on track to earn bonuses worth up to $75K if they’re waived and then spend at least 60 days with the Charge.

Cleveland now has 20 players under contract, one away from the offseason limit.

Zavier Simpson Signs Exhibit 10 Contract With Pistons

September 13th, 2023 at 7:00am CST by Alex Kirschenbaum

SEPTEMBER 13: Simpson officially signed with the Pistons on Tuesday, per RealGM’s transaction log.

JULY 27: Free agent point guard Zavier Simpson is signing a one-year contract with the Pistons, Simpson’s agent Daniel Hazan tells Chris Haynes of Bleacher Report (Twitter link). Sources inform James L. Edwards III of The Detroit Free Press (Twitter link) that Simpson’s deal will include an Exhibit 10 clause.

The six-footer went undrafted out of Michigan in 2020. He then joined the Thunder’s NBAGL affiliate, the Oklahoma City Blue, late into the 2020/21 season. Simpson re-joined the Blue for the 2021/22 season. He finally made his NBA debut with the Thunder proper in April 2022, upon signing a rest-of-season deal.

Across his four contests with Oklahoma City, he averaged 11.0 PPG, 7.5 APG, 5.3 RPG, 1.3 SPG and 1.0 BPG. It remains his only regular season NBA experience to date.

He joined the Magic’s G League affiliate, the Lakeland Magic (now the Osceola Magic), for 2022/23. He averaged 16.8 PPG, 9.0 APG, and 1.7 SPG across 32 contests, all starts, with Lakeland, posting a shooting line of .524/.474/.580. Simpson made the NBAGL Next Up Game as a result of his play last year. Most recently, he played for Detroit’s Summer League squad this month.

Detroit’s G League affiliate, the Motor City Cruise, announced in a press release that it has acquired Simpson’s returning player rights through a trade with the Magic’s affiliate team, the Osceola Magic. Motor City is trading a 2024 G League second-rounder, plus the returning rights of Reggie Perry and Devontae Cacok, in exchange for Simpson.

The move signals that Simpson’s deal with the Pistons is meant to ensure he receives an Exhibit 10 bonus and that the team envisions him eventually joining the Cruise.

Cavaliers Sign Justin Powell

September 13th, 2023 at 6:59am CST by Luke Adams

SEPTEMBER 13: Powell’s deal with the Cavaliers is official, according to the transaction log at RealGM.com.

SEPTEMBER 12: The Cavaliers have agreed to sign undrafted rookie free agent Justin Powell, agent George Langberg tells Michael Scotto of HoopsHype (Twitter link).

Powell played for Auburn as a freshman, Tennessee as a sophomore, and Washington State as a junior before declaring for the NBA draft as an early entrant this spring. The 6’6″ wing was a full-time starter for the Cougars last season, averaging 10.4 points, 3.9 rebounds, and 2.8 assists in 33.8 minutes per contest (34 games), with a shooting line of .408/.379/.811.

After going undrafted, Powell suited up for the Heat‘s Summer League team in Sacramento and Las Vegas. A June report indicated that he had agreed to sign an Exhibit 10 contract with Miami, but it appears that agreement either fell through or was reported erroneously.

While Scotto’s report today doesn’t include any additional details on Powell’s deal with Cleveland, it seems likely end up signing an Exhibit 10 contract. That would put him on track to earn a bonus worth up to $75K if he’s waived before the regular season and then spends at least 60 days with the Cleveland Charge, the Cavs’ G League affiliate.

The Cavaliers currently have four open spots on their 21-man offseason roster, so no one would need to be cut to make room for Powell.

Kings Waive Nerlens Noel, Neemias Queta

September 12th, 2023 at 8:12pm CST by Dana Gauruder

8:12pm: The duo has officially been waived, according to a team press release.

5:02pm: The Kings are waiving centers Nerlens Noel and Neemias Queta, ESPN’s Adrian Wojnarowski tweets.

Both big men were signed by Sacramento this offseason to partially guaranteed one-year deals, but the Kings subsequently signed JaVale McGee to a guaranteed one-year deal after he cleared waivers.

The Kings want to give Noel and Queta an opportunity to hook on with another organization before training camp rather than hanging onto them and then waiving them shortly before the season begins.

Noel was signed to a one-year, veteran’s minimum deal as a free agent this summer. He received a $300K guarantee, which would have increased to $600K if he made the 15-man opening night roster.

Noel has appeared in 467 career regular season games since being drafted sixth overall in 2013 but didn’t play much in 2022/23. After being traded from New York to Detroit during the 2022 offseason, the 29-year-old appeared in 14 games for the Pistons, who bought him out at the end of February. He signed a 10-day contract with Brooklyn and played in three games for the Nets, but didn’t get a second 10-day and finished the season as a free agent.

The Kings signed Queta to a two-year, minimum-salary contract. His $2,019,706 salary for the upcoming season included a $250K guarantee, while the second season was non-guaranteed. The guarantee for the upcoming season would have doubled if he was on the opening night roster.

Queta has been on Sacramento’s roster the past two seasons, appearing in a total of 20 NBA games. The 7’0” Queta was a second-round pick in 2021 out of Utah State.

Noel and Queta were projected to fight for one roster spot as the No. 3 center behind Domantas Sabonis and Alex Len. That changed when the Mavericks waived McGee and the Kings signed him after he cleared waivers. Sacramento has 14 guaranteed contracts and could explore other options, or just leave open the 15th roster spot.

Kings Sign Jordan Ford To Camp Deal

September 12th, 2023 at 8:11pm CST by Dana Gauruder

9:11pm: The signing is official, according to a team press release.

8:11pm: The Kings are bringing back guard Jordan Ford on an Exhibit 10 contract, Kings radio reporter Sean Cunningham tweets.

Ford was on Sacramento’s camp roster last season but he was waived in mid-October.

Undrafted out of St. Mary’s in 2020, Ford started 32 games last season for the G League’s Stockton Kings. He averaged 14.7 points and 4.6 assists in 26.1 minutes per game. He also appeared in six Summer League games for Sacramento, averaging 14.2 points and 5.0 assists in 27.7 minutes.

If he’s waived before the season starts, Ford could earn a bonus of up to $75K if he spends at least 60 days with Stockton. The Kings could also convert his contract to a two-way deal. Sacramento has one two-way slot available, as our roster counts page shows.