SEPTEMBER 6: The signing is official, the Nets announced today in a press release.
SEPTEMBER 2: The deal between Giles and the Nets is a one-year, non-guaranteed contract, according to HoopsHype’s Michael Scotto (Twitter link). Scotto adds that Giles will compete for a roster spot in training camp.
The financial terms of the deal have yet to be revealed, but it’s a safe bet it will be worth the veteran’s minimum and it’s extremely unlikely to be guaranteed.
Giles was the 20th overall pick in the 2017 draft. He missed his entire rookie year due to knee issues, then appeared in 142 regular season games for the Kings and Trail Blazers from 2018-21, averaging 5.9 points and 3.8 rebounds in 12.9 minutes per night, with a .511 FG%. He suited up for the Clippers’ G League affiliate in 2021/22, but suffered a season-ending injury and didn’t play anywhere last season.
A top recruit in high school, Giles played limited minutes during his lone season at Duke due in part to his knee problems, which have continued to plague him during his professional career. However, he’s still just 25 years old and appears to be healthy entering training camp, having worked out for several NBA teams – including Brooklyn – earlier this offseason.
It’s worth noting that a change to the Collective Bargaining Agreement has made Giles eligible for a two-way contract in 2023/24 despite the fact that he has four years of NBA service, since he missed the entirety of one of those four seasons due to an injury. So if his deal with the Nets includes Exhibit 10 language, Giles could have it converted to a two-way contract before the season begins. Brooklyn currently has one two-way opening.