2:35pm: The deal with Covington is official, the team announced in a press release. Johnson has also been waived, the team relayed in the same announcement.
12:27pm: Covington will make $1MM this year, Pick writes in a full piece for Basketball Insiders.
THURSDAY, 12:17pm: The value of the contract will be $4.2MM, Pick tweets. That’s slightly more than the $3,925,706 that a four-year minimum-salary contract would entail for the one-year veteran if he signed today.
WEDNESDAY, 8:19am: It’ll be a four-year pact, reports David Pick of Eurobasket.com (Twitter link).
TUESDAY, 7:08pm: The Sixers are intending to sign free agent Robert Covington this week, Marc Stein of ESPN.com reports (Twitter link). Covington came close to inking a deal with the Sixers earlier, but decided to take the D-League route to begin the season. He was selected first overall by the Grand Rapids Drive in this year’s NBA D-League draft.
Covington spent much of last season with Houston’s D-League affiliate despite being on the team’s NBA roster the entire year. He earned himself a trip to the D-League’s All-Star game by averaging 23.2 PPG and 9.2 RPG in 34.1 minutes per game in 42 D-League appearances. He spent the preseason on Houston’s roster, though he was away from the team for weeks mulling offers to play in Europe before being waived.
Philadelphia had recently waived the injured Malcolm Thomas in order to clear a roster slot to ink Drew Gordon to a multi-year deal. With the Sixers current roster count sitting at the regular season maximum of 15 players, a corresponding move would need to be made in order to accommodate the addition of Covington. It’s unclear who the odd man out will be, but one of the non-guaranteed deals for Brandon Davies, Chris Johnson, Henry Sims, or Hollis Thompson seem likely candidates, though that is just my speculation.