Transactions Rumors | Hoops Rumors

Cavaliers Sign Tristan Thompson

September 12th, 2023 at 2:25pm CST by Rory Maher

SEPTEMBER 12: The Cavaliers have officially signed Thompson, per NBA.com’s transaction log. His deal includes a partial guarantee, tweets John Hollinger of The Athletic.

SEPTEMBER 11: The Cavaliers are finalizing a contract with free agent big man Tristan Thompson, reports Shams Charania of The Athletic (Twitter link).

It will be a reunion between the two sides, as Thompson spent his first nine NBA seasons in Cleveland after the team selected him fourth overall in the 2011 draft. The 32-year-old was a key member of the Cavs’ championship run in 2016, starting all 21 playoff games and averaging 6.7 points and 9.0 rebounds while playing solid defense.

It would be shocking if Thompson received anything but a one-year deal for the veteran’s minimum, considering he barely played at all in 2022/23. He signed with the Lakers on the final day of the regular season, appearing in six of the team’s 16 playoff games for 32 total minutes.

Chris Fedor of Cleveland.com confirms Charania’s report (via Twitter), noting that the Cavs currently only have 13 players on standard contracts. Teams are required to carry at least 14 players for the majority of the season, so it seems Thompson will hold that spot for now.

Thompson averaged 9.4 points and 8.7 boards over his 619 regular season games with Cleveland. He signed a two-year deal Boston as a free agent in 2020, but only lasted one year, having been traded in August 2021. He played for three different teams — Sacramento, Indiana and Chicago — in ’21/22.

We’ll have to wait and see if Thompson receives any guaranteed money from the Cavaliers. His level of play has certainly dropped off in recent years, but he had some good moments during his brief stint with the Lakers, and he’ll provide frontcourt depth and veteran leadership for Cleveland.

Once Thompson’s deal is complete, the Cavs will have 17 players under contract, with all three two-way slots filled.

Hawks Re-Sign Trent Forrest To Two-Way Deal

September 12th, 2023 at 2:23pm CST by Luke Adams

The Hawks have re-signed Trent Forrest to a two-way contract, according to the official transaction log at NBA.com.

Forrest had spent the offseason as a restricted free agent after finishing last season on a two-way deal with Atlanta. The Hawks issued him a qualifying offer that was the equivalent of another one-year, two-way contract, so Forrest may have simply accepted that QO rather than negotiating a new deal. The qualifying offer prevented him from signing outright with a new team.

Forrest, 25 has appeared in 113 total regular season games over the last three years for the Jazz and Hawks since going undrafted out of Florida State. He has averaged 3.0 points, 1.7 assists, and 1.6 rebounds in 11.9 minutes per contest over the course of his professional career.

With Forrest back under contract, the Hawks’ roster looks just about set for the regular season — the team has 15 players on standard guaranteed contracts and three (Forrest, Seth Lundy, and Miles Norris) on two-way deals. Atlanta will likely fill out its 21-man preseason squad with non-guaranteed signees before training camp gets underway.

Now that Forrest has re-signed with the Hawks, only two restricted free agents remain unsigned. Both are two-way RFAs: Theo Maledon (Hornets) and Matt Ryan (Timberwolves).

Bulls Sign Henri Drell To Camp Contract

September 12th, 2023 at 11:29am CST by Luke Adams

The Bulls have signed free agent swingman Henri Drell to a training camp contract, the team announced today (via Twitter).

Drell, 23, has spent the last two seasons playing for the Windy City Bulls, Chicago’s G League affiliate. He didn’t have a major role in 2021/22, but became a starter last season, averaging 11.9 points, 5.9 rebounds, and 2.6 assists in 31.3 minutes per night (29 regular season games). He posted a shooting line of .486/.341/.750.

Given that the Bulls specifically described Drell’s deal as a camp contract, he looks like a good bet to be waived prior to the regular season and return to the G League. In that scenario, assuming his agreement includes Exhibit 10 language, he’d be eligible to receive a bonus worth up to $75K if he spends at least 60 days with Windy City.

Chicago now has a full 21-man offseason roster. That group includes 15 players on standard contracts (13 guaranteed), three on Exhibit 10 deals, and three on two-way pacts.

Spurs Waive Cameron Payne

September 11th, 2023 at 4:20pm CST by Rory Maher

4:20pm: The Spurs have officially waived Payne, the team announced in a press release.

1:01pm: The Spurs are releasing Cameron Payne, league sources tell ESPN’s Adrian Wojnarowski.

Assuming he goes unclaimed on the waiver wire, San Antonio will be on the hook for Payne’s 2023/24 salary, which is fully guaranteed at $6.5MM. Wojnarowski says there will be a “significant market of contending teams” interesting in signing the veteran guard if he clears waivers.

Phoenix traded Payne to San Antonio a couple months ago in a salary-dump deal. The Spurs picked up a 2025 second-rounder and $5.7MM in cash as part of the trade, while the Suns received a protected 2024 second-rounder.

Payne appeared in 48 games for the Suns last season, averaging 10.3 points, 4.5 assists, and 2.2 rebounds in 20.2 minutes per night, with a shooting line of .415/.368/.766. The 29-year-old will be one of the top players left on the free agent market after a solid run as a backup with Phoenix.

As ESPN’s Bobby Marks tweets, the Spurs are facing a roster crunch — even after waiving Payne, they still have 17 players on guaranteed contracts. That number will need to be trimmed to 15 by the start of the season.

Payne freely admitted last month that he’d rather be in Phoenix than San Antonio. However, league rules forbid Payne from re-signing with the Suns, Marks notes.

With a packed roster and in the midst of a rebuild, Payne clearly wasn’t part of the Spurs’ plans. They now have 19 players under contract, two shy of the offseason limit.

Sixers Sign David Duke To Exhibit 10 Contract

September 11th, 2023 at 2:25pm CST by Dana Gauruder

SEPTEMBER 11: Duke’s Exhibit 10 contract is now official, the 76ers announced.

SEPTEMBER 5: Free agent guard David Duke is signing an Exhibit 10 contract with the Sixers, Gina Mizell of the Philadelphia Inquirer tweets.

Duke became an unrestricted free agent this summer when the Nets declined to give him a qualifying offer.

The Sixers had 18 players on their roster, so even with Duke joining them in camp they can still add two more players. They have just 13 players on fully guaranteed salaries, so it’s conceivable Duke could earn a spot on the 15-man roster.

Duke first joined Brooklyn on a two-way deal after going undrafted out of Providence in 2021. He returned to the Nets on another two-way contract for the 2022/23 season, then received a standard deal in April.

Duke averaged 3.7 PPG, 1.3 RPG and 0.9 APG in 23 games with the Nets last season. In 22 games for Brooklyn’s G League affiliate, the Long Island Nets, Duke averaged 22.9 PPG, 6.0 RPG, 3.8 APG, and 1.9 SPG and was named to the All-NBA G League First Team.

Under the terms of an Exhibit 10 contract, if Duke is waived and then spends at least 60 days with Philadelphia’s G League affiliate, the Delaware Blue Coats, he’d be in line for a bonus worth up to $75K.

Trail Blazers To Sign Duop Reath

September 11th, 2023 at 10:55am CST by Arthur Hill

Free agent center Duop Reath will sign a one-year contract with the Trail Blazers, tweets ESPN’s Adrian Wojnarowski. Reath will likely receive a minimum salary, and there’s no indication if the deal includes any guaranteed money.

The 27-year-old played for Portland’s Summer League team, averaging 13.0 points and 7.4 rebounds in five games, and started for Australia during the World Cup. He has played overseas since going undrafted out of LSU in 2018, spending time in Serbia, Australia and China.

The 6’11” Reath will be just the fourth Blazers player 27 or older, joining Damian Lillard, Jusuf Nurkic and Jerami Grant, notes Bobby Marks of ESPN (Twitter link). Portland had the NBA’s youngest roster prior to adding Reath.

The signing will bring the Blazers to the offseason limit of 21 players following the weekend agreements with Kevin Knox and George Conditt IV. However, several of the team’s reported deals aren’t yet official.

Trail Blazers To Sign George Conditt To Exhibit 10 Contract

September 10th, 2023 at 1:28pm CST by Alex Kirschenbaum

The Trail Blazers are signing big man George Conditt IV to an Exhibit 10 training camp contract, his agent Pedro Power has informed Adrian Wojnarowski of ESPN (Twitter link).

Conditt joins Portland’s training camp roster fresh off a stellar turn for Puerto Rico in this summer’s FIBA World Cup. He averaged 10.8 points, 7.4 rebounds, and 1.6 blocks in 30.6 minutes per night (five games) for the Puerto Rican national team in the tournament.

The 6’10” big man went undrafted after four seasons at Iowa State in 2022. Conditt put up modest stats with the Cyclones, averaging 4.3 PPG, 3.5 RPG, 1.1 BPG and 0.8 APG across 117 contests, including 36 starts.

Conditt has since played professionally for clubs in Puerto Rico and Greece. He suited up for the Timberwolves’ Summer League squad this July.

He seems probable to join the Trail Blazers’ NBAGL affiliate, the Rip City Remix. Assuming he is waived by Portland prior to the start of the 2023/24 season and subsequently logs at least 60 days with the Remix as an affiliate player, Conditt would be eligible for a bonus worth up to $75K.

Trail Blazers To Re-Sign Kevin Knox

September 9th, 2023 at 6:49pm CST by Arthur Hill

Kevin Knox will return to the Trail Blazers on a one-year contract, tweets Shams Charania of The Athletic. It’s likely a minimum-salary deal, and there are no details yet on whether it includes any guaranteed money.

The 24-year-old forward became an unrestricted free agent after Portland declined to pick up his $3MM option for the upcoming season. With the start of training camp about three weeks away and most teams close to having complete rosters, he decided to join the Blazers for another year.

Knox began last season with the Pistons, but was sent to Portland in a four-team deal at the trade deadline. He appeared in 21 games with the Blazers, averaging 8.5 points and 3.3 rebounds in 17.1 minutes per night.

Knox was a lottery selection in 2018, going to the Knicks with the eighth pick in the draft. He spent more than three seasons in New York, but was never able to establish himself as a rotation player and was traded to the Hawks in 2022.

Knox will have one more season to try to build his value before re-entering free agency next summer.

Once the Knox signing and their other reported deals are official, the Blazers will have 19 players under contract, two short of the offseason minimum. Portland currently has 12 players with fully guaranteed deals, Moses Brown with a partial guarantee, and a pair of two-way players. They’ve reportedly reached Exhibit 10 agreements with three other free agents.

Celtics Sign Taylor Funk To Exhibit 10 Deal

September 9th, 2023 at 9:39am CST by Tristan Tucker

The Celtics have signed former Utah State forward Taylor Funk to an Exhibit 10 deal, a source tells Bobby Manning of CLNS Media (Twitter link).

Funk played his first five collegiate seasons with St. Joseph’s before moving to Utah State as a grad transfer. In 34 games with Utah State, Funk averaged 13.4 points and shot 37.0% from deep on 6.4 attempts per night. After going undrafted in the 2023 draft, Funk joined the Heat for the California Classic and Las Vegas Summer League, but played sparingly across both events.

Boston is now up to 17 players under contract, four away from the offseason limit. That total includes 11 players on guaranteed contracts and three on partially or non-guaranteed deals (Svi Mykhailiuk, Dalano Banton and Luke Kornet). The Celtics also have JD Davison and Jay Scrubb signed to two-way deals. DJ Steward will reportedly get an Exhibit 10 contract too, but it isn’t yet official.

Funk will likely end up with the Maine Celtics, where he could earn a bonus worth up to $75K if he spends at least 60 days with Boston’s G League affiliate.

Kings Sign, Waive Skal Labissiere

September 8th, 2023 at 9:00pm CST by Dana Gauruder

SEPTEMBER 8: The Kings have officially signed and waived Labissiere, per RealGM’s transaction log.

Stockton made a trade this week to acquire Labissiere’s G League returning rights, so he’ll get an Exhibit 10 bonus if he spends at least 60 days with the NBAGL club.

AUGUST 21: The Kings are signing Skal Labissiere to a one-year contract, Shams Charania of The Athletic tweets.

The Labissiere acquisition is for the G League Stockton Kings, James Ham of The Kings Beat tweets. As Ham explains, the hope is that he’ll join the franchise on an Exhibit 10 contract after a trade with the Mexico City Capitanes (G League) is finalized.

Labissiere hasn’t played in the NBA since the 2019/20 season, when he saw action in 33 games with the Trail Blazers. Labissiere, the 28th pick of the 2016 draft, spent the bulk of his NBA career with Sacramento. He played 106 games for the Kings, including 41 starts.

In the last few years, he has spent time in the NBA G League, Puerto Rico and Mexico.

For his NBA career, he’s averaged 7.2 points and 4.5 rebounds in 17.5 minutes per game in 148 appearances.