Bulls Sign Noa Essengue To Rookie Contract

The Bulls have officially signed their first-round pick, announcing (via Twitter) that forward Noa Essengue has finalized his rookie scale contract.

The No. 12 overall pick is expected to receive a four-year, $25.33MM deal that is fully guaranteed for the first two seasons, with team options on the third and fourth years. He’ll make $5.43MM as a rookie in 2025/26.

A 6’10” forward from France, Essengue signed with Ratiopharm Ulm in July 2023. He spent most of his first season with Ulm’s developmental team, but played a key role for the German club this past season, averaging 12.4 points, 5.3 rebounds, and 1.4 steals in 23.7 minutes per game across 18 EuroCup appearances.

As the second-youngest player in the 2025 draft class, Essengue may not play a significant role for the Bulls right away, but the team was pleased to land him at No. 12. General manager Marc Eversley said after the draft that the Frenchman was the best player available at that spot and “fits the style of play that we want to play.”

Western Notes: Nuggets, Lakers, Coward, Queen, Jazz

After former Nuggets head coach Michael Malone spent years asking for more veteran depth, Denver’s new top decision-makers – led by general manager Ben Tenzer – have made the sort of moves this offseason that he would’ve appreciated, as Tim Bontemps and Brian Windhorst write for ESPN.com.

Even with Jonas Valanciunas‘ NBA future up in the air, the Nuggets did well to bring back Bruce Brown and add Tim Hardaway Jr. on minimum-salary deals. Executives around the league also took notice of their decision to part with their lone tradable future first-round pick (2032) and forward Michael Porter Jr. in a deal that netted them Cameron Johnson and took them out of the tax.

“That was a prized asset they gave up,” one general manager told ESPN, referencing the unprotected 2032 pick. “Teams have been eyeing that one to see if they’d actually use it.”

“I know Cam Johnson has some past health issues, but Porter’s back issues and knee issues make this move make sense to me,” another executive said to ESPN. “I think Cam and (Nikola) Jokic will connect on the floor well. They both think the game the same way.”

That last point could be an important one, according to one rival GM: “There is only one person who needs to be impressed with their offseason. That’s Jokic. Sometimes the best trades you make are the ones that engage your superstar. If Jokic is energized by those moves, then it was a great summer.”

Here’s more from around the Western Conference:

  • Within that same ESPN.com story, Bontemps and Windhorst check in on the Lakers, noting that the club has received a handful of inquiries from “eyebrow-raised” teams following Rich Paul‘s cryptic statement accompanying LeBron Jamesopt-in. There’s nothing happening on that front for now, but teams will certainly monitor the situation, according to ESPN’s duo, who add that there was a “small bidding war” early in free agency for forward Jake LaRavia. He ultimately agreed to join the Lakers.
  • No. 11 overall pick Cedric Coward, whom the Grizzlies traded up to draft, is doubtful to play in Summer League this month, a team spokesperson told Damichael Cole of The Memphis Commercial Appeal. Coward is still making his way back from a shoulder injury that limited him to just six games at Washington State last season. While the 21-year-old said last week that he feels ready to play, Grizzlies general manager Zach Kleiman told reporters at the time that the rookie wing had only done 1-on-0 work and would need to take part in 5-on-5 drills to be fully cleared.
  • When the Pelicans faced criticism in the wake of last week’s draft, it was more about giving up a valuable unprotected 2026 first-round pick to move up 10 spots from No. 23 to No. 13 than about the player they chose to pick at that spot. But big man Derik Queen is still taking that criticism personally and using it as motivation, writes Rod Walker of NOLA.com. “I don’t think anybody in that class ever is going to be better than me,” Queen said. “I block all the noise out. (Pelicans head of basketball operations) Joe (Dumars) has got a lot of faith in me. Most of these guys (in the draft), I beat in high school. It doesn’t really matter. I know the NBA is a whole different level. Don’t get too big-headed. Don’t get too low. And just beat on them next year when they come in, and make Joe look like a genius.”
  • Chuck Terrell, who had been working for the Jazz as their vice president of basketball intelligence, has left that position to become the general manager of Georgia Tech’s men’s basketball program, agent Andy Miller tells Michael Scotto of HoopsHype (Twitter link).

Nets Sign Nolan Traore To Rookie Contract

The Nets have now locked up four of their five first-round picks, officially signing French point guard Nolan Traore to his rookie scale contract on Friday, per Brian Lewis of The New York Post (Twitter links).

Brooklyn had announced deals for Egor Demin, Ben Saraf, and Danny Wolf on Thursday, but Traore’s deal was delayed while the paperwork following his buyout from Saint-Quentin in France got sorted out.

The Nets’ fifth first-rounder, Drake Powell, is part of a trade that can’t be finalized until Sunday, so he’ll likely sign his first NBA contract early next week.

Traore, who turned 19 last month, played a featured role with Saint-Quentin in France’s top basketball league (LNB Élite) in 2024/25, averaging 11.6 points and 5.1 assists on .392/.302/.701 shooting in 30 games (22.6 minutes per contest).

While shooting efficiency and turnovers are viewed as possible question marks for Traore, he has good size for a guard and is considered a talented play-maker and passer. He was long viewed as a potential 2025 lottery pick before his stock dipped a little during an up-and-down year overseas.

Assuming Traore – the No. 19 pick – signed for the maximum allowable 120% of his rookie scale amount, which is likely, his four-year contract will be worth about $18.46MM, with two guaranteed years followed by third- and fourth-year team options.

Scotto’s Latest: Rollins, Hornets, Bucks, Ayton, Valanciunas

After having his qualifying offer withdrawn by the Bucks earlier this week, free agent guard Ryan Rollins is drawing interest from a handful of teams around the NBA, according to Michael Scotto of HoopsHype, who says the Suns, Trail Blazers, Spurs, and Lakers are among the clubs with Rollins on their radar.

A reunion with Milwaukee also hasn’t been ruled out either, Scotto reports. Even after rescinding his qualifying offer and making him an unrestricted free agent, the Bucks are in position to hang onto Rollins’ Early Bird rights, which would allow them to go over the cap to re-sign him after they use up all their room.

Portland still has its $14.1MM non-taxpayer mid-level exception available, while San Antonio and Los Angeles have the $5.1MM bi-annual exception on hand, Scotto writes. However, the Suns could only offer more than a minimum-salary deal if they shed salary — perhaps via a Bradley Beal buyout agreement.

Rollins had a modest breakout year this past season, registering averages of 6.2 points, 1.9 assists, and 1.9 rebounds in 14.6 minutes per game, along with a shooting line of .487/.408/.800. He had only made 25 appearances across two NBA seasons prior to 2024/25.

Here’s more from Scotto:

  • Examining the Hornets‘ roster crunch, Scotto identifies Josh Okogie and DaQuan Jeffries – who are on non-guaranteed contracts – as candidates to be waived if no trade opportunities involving them arise. Executives who spoke to HoopsHype also view former first-round pick Nick Smith Jr. as a player who could be traded. That applies to veterans on expiring contracts like Pat Connaughton and Collin Sexton as well.
  • Before he agreed to re-sign with the Hornets, point guard Tre Mann received interest from the Bucks, Scotto reports. Milwaukee is in the market for additional point guard depth after losing Damian Lillard to an Achilles tear and subsequently planning to waive him.
  • Echoing reporting from ESPN’s Shams Charania, Scotto says that teams who reached out to Trail Blazers officials for feedback on Deandre Ayton got positive reviews on the big man, who was a “community staple in Portland and hosted many team bonding events.” Reporting from The Athletic had suggested that Ayton’s attitude and bad habits played a part in the decision to part ways with him.
  • Addressing the Jonas Valanciunas situation, Scotto notes that the Nuggets have tried to acquire the veteran center for the past couple years and have envisioned him playing a significant role if he reports to Denver, giving superstar Nikola Jokic more opportunities to rest. Amid rumors that Valanciunas is traveling to Greece and hopes to sign with the EuroLeague club Panathinaikos, Scotto hears that the 33-year-old is expected to address the situation soon.

2025/26 NBA Two-Way Contract Tracker

Two-way contracts allow NBA teams to carry three extra players in addition to the 15 on their regular season roster. These players generally bounce back and forth between the NBA and G League, but remain under team control and can’t be poached by rival franchises.

First introduced in 2017, two-way deals have undergone some rule changes in recent years, and the NBA’s latest Collective Bargaining Agreement has updated them further. Here are some key points to remember:

  • Teams can carry three players on two-way contracts.
  • Two-way players are eligible to be active for up to 50 of their team’s 82 regular season games.
  • If a team isn’t carrying a full 15-man standard roster, its two-way players can only be active for a combined 90 games.
  • Players on two-way contracts will earn $636,435 in 2025/26, half of the rookie minimum.
  • Two-way contracts can’t be signed after March 4.
  • Two-way players are ineligible to play in the postseason (including play-in games) unless they’re promoted to the standard 15-man roster, which can happen at any time up until the last day of the regular season.

You can check out our glossary entry to learn more about two-way contracts.

NBA teams have begun to fill in their two-way slots for the 2025/26 league year, so we’ll track all those deals in the space below. Some two-way players from 2024/25 inked two-year contracts and remain under contract for this season, while others have been newly signed.

If a two-way signing has been reported by a trusted source but isn’t yet official, we’ll list it in italics and link to the report, updating the info as necessary. Players who are in the first year of two-way contracts that cover two years (the maximum length), will be noted with an asterisk (*) once that info is confirmed.

This tracker will continue to be updated throughout the 2025/26 league year, and can be found anytime in the “Hoops Rumors Features” menu on the right-hand sidebar of our desktop site, or in the “Features” menu on our mobile site.

Here are 2025/26’s two-way players:

Updated 3-21-26


Atlanta Hawks

  1. RayJ Dennis, G *
  2. Christian Koloko, C
  3. Keshon Gilbert, G *

Boston Celtics

  1. Ron Harper Jr., F
  2. John Tonje, G
  3. Empty

Brooklyn Nets

  1. Tyson Etienne, G
  2. E.J. Liddell, F
  3. Chaney Johnson, F

Charlotte Hornets

  1. Antonio Reeves, G
  2. PJ Hall, C *
  3. Tosan Evbuomwan, F *

Chicago Bulls

  1. Lachlan Olbrich, F/C
  2. Yuki Kawamura, G
  3. Mac McClung, G

Cleveland Cavaliers

  1. Tristan Enaruna, F *
  2. Riley Minix, F *
  3. Olivier Sarr, C

Dallas Mavericks

  1. Moussa Cisse, C
  2. John Poulakidas, G *
  3. Tyler Smith, F *

Denver Nuggets

  1. Curtis Jones, G
  2. KJ Simpson, G *
  3. David Roddy, F

Detroit Pistons

  1. Tolu Smith, F
  2. Wendell Moore Jr., G
  3. Isaac Jones, F *

Golden State Warriors

  1. LJ Cryer, G *
  2. Malevy Leons, F *
  3. Jeenathan Williams, G

Houston Rockets

  1. Isaiah Crawford, F
  2. JD Davison, G
  3. Tristen Newton, G *

Indiana Pacers

  1. Taelon Peter, G *
  2. Ethan Thompson, G *
  3. Jalen Slawson, F

Los Angeles Clippers

  1. TyTy Washington Jr., G
  2. Sean Pedulla, G *
  3. Norchad Omier, F

Los Angeles Lakers

  1. Chris Manon, G/F
  2. Nick Smith Jr., G
  3. Drew Timme, F

Memphis Grizzlies

  1. Javon Small , G *
  2. Jahmai Mashack, G *
  3. Rayan Rupert, G

Miami Heat

  1. Vladislav Goldin, C
  2. Jahmir Young, G
  3. Trevor Keels, G

Milwaukee Bucks

  1. Pete Nance, F
  2. Alex Antetokounmpo, F
  3. Cormac Ryan, G/F *

Minnesota Timberwolves

  1. Rocco Zikarsky, C *
  2. Enrique Freeman, F
  3. Zyon Pullin, G *

New Orleans Pelicans

  1. Trey Alexander, G
  2. Hunter Dickinson, C
  3. Josh Oduro, F/C

New York Knicks

  1. Kevin McCullar, G
  2. Trey Jemison, C
  3. Dillon Jones, F

Oklahoma City Thunder

  1. Brooks Barnhizer, G/F
  2. Branden Carlson, C
  3. Payton Sandfort, G/F *

Orlando Magic

  1. Colin Castleton, C
  2. Alex Morales, G *
  3. Empty

Philadelphia 76ers

  1. MarJon Beauchamp, F
  2. Dalen Terry, G/F
  3. Tyrese Martin, G

Phoenix Suns

  1. Koby Brea, G
  2. Isaiah Livers, F
  3. CJ Huntley, F *

Portland Trail Blazers

  1. Caleb Love, G
  2. Chris Youngblood, G *
  3. Jayson Kent, G/F *

Sacramento Kings

  1. Isaiah Stevens, G *
  2. Daeqwon Plowden, G
  3. Patrick Baldwin Jr., F

San Antonio Spurs

  1. David Jones Garcia, G/F
  2. Harrison Ingram, F
  3. Emanuel Miller, F *

Toronto Raptors

  1. Chucky Hepburn, G
  2. Alijah Martin, G
  3. A.J. Lawson, G

Utah Jazz

  1. Elijah Harkless, G
  2. Oscar Tshiebwe, F/C
  3. Blake Hinson, F *

Washington Wizards

  1. Sharife Cooper, G
  2. Leaky Black, F *
  3. Julian Reese, F *

Magic Sign Second-Rounder Noah Penda

The Magic have officially signed No. 32 overall pick Noah Penda to his first NBA contract, the team announced today in a press release (Twitter link).

Orlando didn’t reveal the details of Penda’s new deal, but Jason Beede of The Orlando Sentinel reports (via Twitter) that he was signed using the second-round pick exception, with the first two years guaranteed, a non-guaranteed third year, and a fourth-year team option.

A 6’8″ French forward, Penda played for Le Mans in France last season. In 37 total games with the club, he averaged 10.2 points, 5.5 rebounds, 2.7 assists, 1.2 steals and 0.9 blocks while shooting 44.7% from the field and 32.2% on three-pointers.

Considered a solid defender with a good frame, Penda was widely viewed as a potential first-round pick — The Athletic’s Sam Vecenie had him ranked No. 21 on his big board heading into the draft. Orlando is clearly high on him, having given up four second-round picks (No. 46 and No. 57 this year, along with two future selections) to move up to get him last Thursday.

Based on their reported deals with free agents Tyus Jones and Moritz Wagner, the Magic now have a projected 14 players on standard contracts and are expected to be operating too close to their first-apron hard cap to add a 15th man before the regular season begins. However, that situation remains fluid until the official numbers on contracts come in.

Vlatko Cancar Confirms Move To EuroLeague

Making an appearance on DNVR Sports’ Denver Nuggets podcast on Thursday (YouTube link), veteran forward Vlatko Cancar confirmed that he plans to sign with Olimpia Milano as a free agent.

Reporting earlier this week indicated that Cancar was expected to sign a two-year contract with the Italian club, which competes in the EuroLeague.

“After the season and before the free agency, I was talking with my agent, and then I was asking, ‘What’s going on with Denver?'” Cancar said (hat tip to Eurohoops). “Unfortunately, they came out with the news where it was kind of like a remodel. … They want to say thank you for everything that you did, but they’re trying to move on now and bring some new energy, bring some new players. And then I accepted it. I said OK, I’m glad I was part of the team for six years. For me, it was OK.”

Cancar was never a major rotation piece for Denver — he set a career high in 2022/23 when he averaged 14.8 minutes per game across 60 regular season contests, but he made just five brief postseason appearances in garbage time during the team’s championship run that spring.

He has played even less during the last two seasons as he has dealt with major left knee issues. He tore his ACL in August 2023 in an exhibition game prior to the FIBA World Cup, then underwent another procedure on the same knee in December 2024. The 28-year-old, who was able to play in just 13 games for the Nuggets across the past two seasons, indicated he’s looking forward to being healthy and having an opportunity to play a more significant role in Italy.

“Milano came straight away and they were eager to bring me in,” Cancar said. “And then, obviously, I got that feeling of being wanted and being important.”

The 49th overall pick in the 2017 draft, Cancar came stateside to join the Nuggets in 2019. Across six years and 143 regular season games with the team, the 6’8″ forward averaged 3.4 points and 1.8 rebounds in 10.7 minutes per night. He was known to be good friends with Nuggets superstar Nikola Jokic.

Cap Observations: KD Trade, Valanciunas, Kings, H. Gonzalez

As we catch our breath on the Fourth of July and await updates on the top remaining free agents - including an intriguing group of restricted free agents and veteran unrestricted free agents like Al Horford, Chris Paul, and Russell Westbrook - we're taking a look back at a few of the intriguing stories from the past few days.

In the space below, we're exploring what the seven-team Kevin Durant figures to look like, why the Nuggets and Kings are still moving forward with their Jonas Valanciunas/Dario Saric swap amid rumors about Valanciunas wanting to play in Greece, what the rumors about Sacramento's interest in Jonathan Kuminga suggest, and more.

Let's dive in...

Unlock Subscriber-Exclusive Articles Like This One With a Trade Rumors Front Office Subscription

BENEFITS
  • Access weekly subscriber-only articles by Luke Adams
  • Join exclusive weekly live chats with Arthur Hill
  • Remove ads and support our writers.

Magic Re-Sign Moritz Wagner

July 7: The Magic have officially signed Wagner, the team announced today in a press release (Twitter link).


July 4: The Magic and veteran free agent Moritz Wagner have agreed to a one-year, $5MM deal that will see the big man return to Orlando, according to reports from Jason Beede of The Orlando Sentinel and  Shams Charania of ESPN (Twitter link).

The older brother of Magic star Franz Wagner, Moritz has been with the team for four-plus seasons, having originally signed late in the 2020/21 campaign.

Wagner appeared well on his way to a career year in 2024/25, with averages of 12.9 points and 4.9 rebounds in 18.8 minutes per game and a shooting line of .562/.360/.718 through 30 contests. However, a torn left ACL in December prematurely brought his season to an end.

Faced with an increasingly expensive roster – and with Wagner still recovering from that ACL tear – Orlando declined its $11MM team option on the 6’11” forward/center last weekend, but there was always an expectation that the club wanted to bring him back at a reduced rate. With his Bird rights in hand, the Magic have the ability to re-sign Wagner without using any mid-level or bi-annual exception money.

Wagner will have the ability to veto a trade in 2025/26, per Michael Scotto of HoopsHype (Twitter link). That right is automatically awarded to a player who re-signs with his previous team on a one-year deal or a two-year deal with a second-year option, though many players agree to waive that veto ability as part of their contract agreement (as Wagner did a year ago).

Having traded for Desmond Bane last month and agreed to sign Tyus Jones in free agency earlier this week, Orlando now projects to operate in luxury-tax territory for the 2025/26 season.

According to ESPN’s Bobby Marks (via Twitter), the Magic only have enough room below their first-apron hard cap to sign second-round pick Noah Penda or a veteran-minimum player as their 14th man, but not both, unless perhaps Jones’ and Wagner’s deals come in a little lower than reported.

NBA Players Lose $484MM From 2024/25 Salaries

The NBA’s basketball-related income (BRI) for the 2024/25 season came in at $10.247MM, as first reported by Eric Pincus of Bleacher Report (Twitter link) and as outlined in greater detail by Kurt Badenhausen of Sportico. That total was less than projected, resulting in player salaries being reduced by a total of approximately $484MM for ’24/25.

The NBA’s Collective Bargaining Agreement calls for players to earn 51% of the NBA’s BRI in each season, and the league holds back a percentage of player salaries in order to ensure that revenue split is achieved. In 2024/25, 10% of player salaries were held in escrow, and 91% of that money in escrow was ultimately sent to the teams, with just 9% going to the players.

As a result, players earned just 90.9% of their reported salaries in 2024/25. For a player like Warriors star Stephen Curry, who had the NBA’s highest ’24/25 cap hit at $55.76MM, that would mean his actual earnings were about $5MM less than that.

Badenhausen suggests overall league revenue came in lower than originally anticipated due to a variety of factors, including a turbulent year for local media deals. The fact that multiple small-market teams – including the Pacers and the champion Thunder – made deep playoff runs also likely reduced the overall gate receipts for the playoffs, he adds.

While players came out on the wrong end of the escrow split this season, that isn’t always the case. As Badenhausen points out, in three straight seasons from 2014-17, league revenue surged to the point that players not only got back the full amount of their salaries held in escrow but also received supplemental checks to ensure the BRI split was met.

Conversely, during the COVID-shortened seasons, the league held back a higher percentage of player salaries in escrow due to the lost revenue.

The players shouldn’t have to worry about receiving their full salaries in 2025/26, Badenhausen writes, with the league’s new media deals taking effect. The NBA will be collecting roughly $7 billion annually as a result of their 11-year, $76+ billion agreements with ESPN/ABC (Disney), NBC, and Amazon, beginning this season. The league’s previous media deal with Disney and Warner Bros. Discovery (TNT) was worth $24 billion over nine seasons, or about $2.7 billion per year.