Transactions Rumors | Hoops Rumors

Hornets Sign P.J. Washington To Three-Year Contract

August 29th, 2023 at 3:36pm CST by Tristan Tucker

AUGUST 29: The Hornets have officially re-signed Washington, per NBA.com’s transaction log.

AUGUST 26: Restricted free agent forward P.J. Washington has agreed on a new three-year, $48MM deal to stay with the Hornets, LIFT Sports Management agent Kevin Bradbury and Washington Sports Group’s Paul Washington Sr. tell ESPN’s Adrian Wojnarowski (Twitter link).

Washington was the only standard unsigned restricted free agent this summer and one of the most prominent available names in all of free agency, ranking 11th on our top-50 list.

There was some concern earlier in the offseason that Washington and the Hornets wouldn’t be able to come to terms on an agreement. Forward Miles Bridges and Charlotte didn’t agree on a long-term deal and he ended up signing his qualifying offer, putting himself on track for unrestricted free agency next year. Washington was believed to have been considering a similar route.

Other teams, such as the Cavaliers, were also monitoring the Washington situation. Now, the Hornets will bring back the 25-year-old on a three-year deal that pays $16MM annually.

Washington is an integral part of the Hornets’ promising young core that includes LaMelo Ball, 2023 No. 2 overall pick Brandon Miller, Mark Williams and more. The Kentucky product averaged a career-high 15.7 points per game last season. The Hornets drafted Washington with the No. 12 overall pick in 2019 and he started 73 games for Charlotte last year.

The Washington signing will give the Hornets a packed roster. He’ll be the 13th Charlotte player on a guaranteed deal, with JT Thor, Kobi Simmons and Frank Ntilikina all signed to non-guaranteed or partially guaranteed contracts.

James Nnaji, the No. 31 overall pick in 2023, hasn’t officially signed (though he may be stashed). The Hornets also have two players on two-way deals (Leaky Black and Amari Bailey), and Angelo Allegri, Tre Scott, Nathan Mensah and R.J. Hunter are all reportedly joining the Hornets on training camp deals. So while Charlotte has some flexibility, there are more moves to come from the Queen City.

Bucks Sign TyTy Washington To Two-Way Deal

August 29th, 2023 at 3:35pm CST by Luke Adams

3:35pm: The signing is official, according to NBA.com’s transaction log.

2:29pm: The Bucks have agreed to sign free agent guard TyTy Washington Jr. to a two-way contract, reports Shams Charania of The Athletic (Twitter link).

The 29th overall pick in the 2022 draft, Washington spent his rookie year with the Rockets, then was included as a salary-matching piece in the five-team deal that landed Dillon Brooks in Houston via sign-and-trade in July. The 21-year-old was sent to Atlanta in that trade before being flipped to Oklahoma City in a salary-dump deal that made Patty Mills a Hawk. The Thunder, facing a roster crunch, waived Washington earlier this month.

Washington appeared in 31 games with the Rockets in his first NBA season, averaging 4.7 points, 1.5 assists, and 1.5 rebounds in 14.0 minutes per night. He put up an underwhelming shooting line of .363/.238/.556 in those 31 games.

The former Kentucky standout was more effective at the G League level, averaging 23.0 PPG, 6.0 APG, and 4.6 RPG in 18 Showcase Cup and regular season games for the Rio Grande Valley Vipers. However, he still struggled to score efficiently, making 44.2% of his shot attempts from the field and just 31.7% from beyond the three-point line.

The Bucks, who don’t have much point guard depth behind starter Jrue Holiday, will give Washington a shot on a two-way deal that allows him to be active for up to 50 regular season games. Milwaukee would need to promote him to the standard roster in order to have him active for more than 50 games or for the postseason.

Washington will earn $559,782 on his two-way pact, assuming he remains under contract through the league-wide guarantee date in January. No roster move will be necessary for the Bucks to sign him, since they’re only carrying two players (Omari Moore and Lindell Wigginton) on two-way deals, leaving one spot open.

Blazers Sign Moses Brown To One-Year Contract

August 22nd, 2023 at 7:00pm CST by Dana Gauruder

AUGUST 22: The signing is official, according to a team press release.

AUGUST 21: Moses Brown has agreed to a partially guaranteed one-year contract with the Trail Blazers, ESPN’s Adrian Wojnarowski tweets.

Brown has turned into a journeyman in his NBA career, which began in 2019, and it’s come full circle with his return to Portland. He played his first nine games with the Trail Blazers during the 2019/20 campaign.

He has also had stints with Oklahoma City, Dallas, Cleveland, the Los Angeles Clippers and, most recently, Brooklyn. He appeared in two games with the Nets after signing a pair of 10-day contracts last season. Brown logged 34 games with the Clippers last season before they waived him in mid-February.

The 7’2” Brown has averaged 5.5 points and 5.2 rebounds in 12.4 minutes during his 128 career games.

With only 12 other players on guaranteed deals, the Trail Blazers have ample room to add Brown. He has a chance to be the main backup behind center Jusuf Nurkic. He’ll battle John Butler, who was re-signed to a two-way deal, for minutes off the bench, unless the Blazers add another big man.

Mavs Plan To Waive JaVale McGee, Re-Sign Markieff Morris

August 22nd, 2023 at 2:21pm CST by Luke Adams

The Mavericks intend to waive center JaVale McGee and re-sign free agent forward Markieff Morris, reports Shams Charania of The Athletic (Twitter link).

McGee signed a three-year, $17MM+ contract with Dallas last offseason, but only spent seven games in the starting lineup and subsequently fell out of the team’s rotation altogether. He averaged 4.4 points and 2.5 rebounds in a career-low 8.5 minutes per game across 42 appearances in his first – and only – season in his latest stint as a Maverick.

The Mavs shopped McGee in various trade talks throughout the offseason, but were unable to find a taker. According to Charania, the plan is to stretch the veteran’s remaining salary when he’s waived. That means that instead of counting against the cap for $5.7MM in 2023/24 and $6MM in ’24/25, McGee’s cap hits would be spread across five seasons at a rate of about $2.35MM per year.

As Charania notes, in order to use the stretch provision on McGee, the Mavericks will have to officially waive him by August 31, which is the deadline to stretch a cap hit for the current league year.

The Mavs currently have 15 players on guaranteed contracts, but releasing McGee will open up a spot on the projected 15-man roster for Morris, who finished last season in Dallas after arriving from Brooklyn in the Kyrie Irving blockbuster.

Morris didn’t have much of a role for the Mavs down the stretch, logging just 70 total minutes across eight regular season appearances, but the organization apparently values his toughness and veteran leadership. The 33-year-old has 12 NBA seasons and 750 regular season appearances on his résumé.

Thunder Sign Olivier Sarr To Two-Way Deal

August 21st, 2023 at 2:11pm CST by Rory Maher

The Thunder have brought back Olivier Sarr, announcing in a press release that they have re-signed the free agent big man to another two-way contract.

While Oklahoma City has an open two-way slot, the team was unable to fill it until now because it was at the offseason limit of 21 players under contract. The Thunder created a roster opening this morning when they released Usman Garuba, which allowed them to sign Sarr.

Sarr went undrafted in 2021 after four college seasons — he spent his first three campaigns at Wake Forest before finishing up at Kentucky. He signed a training camp deal with the Thunder in October 2021 and was promptly waived, spending part of 2021/22 with their G League affiliate, the Oklahoma City Blue.

During the COVID-19 outbreak that winter, the French center signed a pair of 10-day hardship deals with the Thunder, then inked a two-way contract in February 2022. He played well at the NBA level as a rookie, averaging 7.0 PPG and 4.2 RPG in 22 games (19.1 MPG), but the Thunder opted to cut him just before the season ended in April.

Sarr caught on with the Trail Blazers prior to ’22/23, initially signing an Exhibit 10 contract which was converted into a two-way deal after he impressed during preseason. However, he sustained a torn ligament in his wrist last fall, which caused Portland to release him in mid-November.

The 24-year-old signed a G League deal with the Blue after recovering from the injury, averaging 12.8 PPG, 8.8 RPG, 1.9 APG and 2.4 BPG in 12 regular season games. His play in the NBAGL earned Sarr a promotion in February to a two-way deal. He finished last season with the Thunder, averaging 4.0 PPG and 3.4 RPG in nine games (12.7 MPG).

Sarr was eligible for restricted free agency this summer, but the Thunder didn’t give him a qualifying offer, making him unrestricted. Either way, he’s back with OKC on a two-way contract.

Usman Garuba Waived By Thunder

August 21st, 2023 at 10:37am CST by Arthur Hill

The Thunder have placed Usman Garuba on waivers, the team announced (via Twitter).

The 21-year-old power forward/center played his first two seasons with the Rockets after being selected with the 23rd pick in the 2021 draft. Injuries limited him to 24 games as a rookie, but he appeared in 75 contests last season, averaging 3.0 points and 4.1 rebounds in 12.9 minutes per night.

Garuba was sent to the Hawks in a five-team trade that became official when the moratorium was lifted in early July. Atlanta shipped him to OKC in a separate deal four days later.

Garuba started his career with Real Madrid and was named EuroLeague Rising Star in 2021. He gained a reputation as a strong defender and rebounder in Europe before declaring for the NBA draft.

He will now go through the waiver process, where teams will have two days to submit claims. Any team that claims him would be on the hook for his $2.6MM salary for the upcoming season, so it’s more likely that he’ll wind up signing a minimum contract somewhere. He would be eligible for a standard contract with any team except Atlanta and a two-way deal with any team except the Hawks or Thunder.

Garuba’s 2023/24 salary will remain on the Thunder’s cap if he’s not claimed, but the team won’t have to pay the $4.4MM option he had for 2024/25.

Oklahoma City is now down to 18 players on standard contracts and must get rid of at least three more by opening night. The Thunder have two openings on their offseason roster with reported camp deals looming for Caleb McConnell and Adam Flagler.

Magic To Sign Trevelin Queen

August 18th, 2023 at 6:54pm CST by Rory Maher

The Magic are signing free agent guard Trevelin Queen to a one-year contract, his agent Daniel Hazan tells Chris Haynes of TNT and Bleacher Report (Twitter link).

Queen went undrafted in 2020 out of New Mexico State. He has spent most of his three pro seasons playing in the NBA G League, winning the NBAGL’s MVP award in 2021/22.

The 26-year-old signed with the Sixers last summer, but was waived during the preseason and caught on with the Pacers on a two-way deal a few days later. He spent most of 2022/23 with Indiana, but was waived at the end of March.

Queen has appeared in a total of 17 NBA games while on two-way contracts with the Rockets and Pacers over the past two seasons. He holds modest averages of 3.8 points and 1.9 rebounds on .355/.282/1.000 shooting in 8.5 minutes per contest.

Queen once again put up big numbers at the G League level in ’22/23, including averages of 23.7 points, 6.0 rebounds, 5.1 assists and 2.3 steals per game in 11 Showcase Cup contests (35.7 MPG) for the Fort Wayne Mad Ants. In 24 NBAGL regular season games, he put up 22.6 PPG, 6.5 RPG, 4.5 APG, and 2.1 SPG. He was named as a participant in the Next Up Game at All-Star weekend.

However, Queen did have some issues with three-point shooting (26.5% on 7.1 attempts per regular season game) and turnovers (3.8 per game) in the G League this season. He also earned a one-game suspension in March for “directing threatening language” toward a referee, which may have been a factor in the Pacers’ decision to release him.

While the terms of Queen’s contract are currently unknown, it seems unlikely that it will contain much — if any — guaranteed money. The Magic have 15 players on standard contracts (14 guaranteed), including Jonathan Isaac, whose $17.4MM contract is partially guaranteed for $7.6MM. Orlando also has an open two-way slot.

Perhaps Queen’s deal will feature Exhibit 10 language. In that scenario, if he’s released before ’23/24 starts, he could receive a $75K bonus if he spends at least 60 days with the team’s G League affiliate, the Osceola Magic. Exhibit 10 contracts can also be converted into two-way deals.

Thunder Sign Lindy Waters III To Two-Way Deal

August 18th, 2023 at 5:57pm CST by Rory Maher

5:57pm: Waters’ two-way deal is now official, the Thunder announced.

5:08pm: Lindy Waters III is rejoining the Thunder on a two-way contract, sources tell Shams Charania of The Athletic (Twitter link).

Waters, who grew up in Norman and played college ball at Oklahoma State, initially signed a two-way deal with Oklahoma City in February 2022. He was promoted to a multiyear standard contract in February of this year, but his team option for 2023/24 was declined at the end of June, making him an unrestricted free agent.

The 26-year-old has split the past two seasons playing for the Thunder and the team’s G League affiliate, the OKC Blue. In 66 NBA games (15.1 MPG), the 6’6″ wing holds career averages of 6.3 PPG and 2.2 RPG with a .399/.360/.800 shooting line. He has averaged 13.7 PPG, 5.0 RPG, 2.4 APG and 1.7 SPG on .498/.427/.929 shooting in 29 regular season games (29.8 MPG) with the Blue since 2021.

Joe Mussatto of The Oklahoman previously identified Waters as a “strong candidate” to fill one of the team’s two-way slots. As our tracker shows, the Thunder currently have a pair of two-way openings.

However, they were prevented from signing Waters because they had 21 players — the offseason maximum — under contract, including 20 on standard deals. That changed this afternoon, as the Thunder decided to waive TyTy Washington Jr.

Mavericks Sign Derrick Jones Jr.

August 18th, 2023 at 4:40pm CST by Arthur Hill

August 18: Jones is officially a Maverick, the team announced.

“We are excited to welcome Derrick to Dallas,” said GM Nico Harrison. “Derrick has always showcased a team-first approach with his ability to adapt his game to complement his teammates. His versatility on both ends of the floor will allow us to utilize his skillset and athleticism in a variety of different lineups.”

August 9: Free agent forward Derrick Jones Jr. has reached an agreement with the Mavericks, tweets Shams Charania of The Athletic. It’s a one-year deal with a full guarantee, agent Aaron Turner tells Charania.

No other details on the new contract have been released, but Dallas still has $5.4MM of its non-taxpayer mid-level exception remaining, along with its $4.5MM bi-annual exception. Given the lack of information provided by Turner, a veteran’s minimum deal may be more likely.

Jones, 26, became a free agent when he declined his $3.36MM player option with the Bulls in June. He was the last remaining player on the open market who turned down his option for the upcoming season.

Chicago acquired Jones in a three-team trade in 2021 and re-signed him to a two-year, $6.56MM contract last summer that included the option. He appeared in 64 games last season, all off the bench, and averaged 5.0 points and 2.4 rebounds in 14 minutes per night.

Jones may find a greater opportunity with the Mavericks, who have revamped their roster this summer with an emphasis on upgrading their defense.

When Jones’ signing becomes official, he will be team’s 15th standard guaranteed contract. Dallas also has two of its three two-way slots filled, with potential training camp contracts looming for Greg Brown, Joe Wieskamp and Jordan Walker.

Thunder Waive TyTy Washington Jr.

August 18th, 2023 at 2:23pm CST by Luke Adams

The Thunder have waived guard TyTy Washington Jr., the team announced today. Washington will clear waivers and become a free agent on Sunday, assuming he goes unclaimed.

The 29th overall pick in the 2022 draft, Washington appeared in 31 games as a rookie with the Rockets last season, averaging 4.7 points, 1.5 assists, and 1.5 rebounds in 14.0 minutes per night. He put up an underwhelming shooting line of .363/.238/.556 in those 31 games.

The former Kentucky standout was more effective at the G League level, averaging 23.0 PPG, 6.0 APG, and 4.6 RPG in 18 Showcase Cup and regular season games for the Rio Grande Valley Vipers. However, he still struggled to score efficiently, making 44.2% of his shot attempts from the field and just 31.7% from beyond the three-point line.

The Rockets, apparently viewing Washington as expendable with so many other promising young players on their roster, included him as an outgoing salary-matching piece in the five-team trade that sent Dillon Brooks to Houston via sign-and-trade. The 21-year-old was sent to Atlanta in that deal, then was flipped to Oklahoma City in a salary-dump trade that made Patty Mills a Hawk.

Washington had been a long shot to make the Thunder’s roster, since the team was carrying 20 players on standard contracts and needed to trade or waive at least five of those players before opening night. The fact that OKC has already cut Washington – who was owed a guaranteed $2.32MM salary in 2023/24 – suggests there were no good options for him on the trade market.

While it’s not out of the question that a team will claim Washington on waivers, it seems unlikely, given his negative trade value this summer. A club interested in placing a claim would need to have cap room or a trade exception available to absorb his salary, which eliminates much of the league.

Assuming Washington becomes a free agent, the Thunder would owe him his 2023/24 salary but would be off the hook for the $2.43MM and $4.39MM team options on his contract for ’24/25 and ’25/26. Washington would be eligible for a standard contract with any team except Atlanta and a two-way deal with any team except the Hawks or Thunder.

Oklahoma City now has 20 players under contract — 16 on guaranteed salaries, three (Jack White, Aaron Wiggins, and Isaiah Joe) on non-guaranteed or partially guaranteed deals, and Keyontae Johnson on a two-way pact.