Sixers, Pacers, Spurs Complete Hield, McDermott Deals As Three-Team Trade
The Pacers, Sixers, and Spurs have folded a pair of separate trade agreements into a single transaction, announcing in a series of press releases that the deals sending Buddy Hield to Philadelphia and Doug McDermott to Indiana have been officially completed as a three-team trade.
The Pacers initially agreed to acquire Marcus Morris, Furkan Korkmaz, three second-round picks, and cash from Philadelphia in exchange for Hield, then reached a deal to flip Morris, one of those second-rounders to San Antonio, and cash for McDermott. Those three pieces will go directly to the Spurs instead.
Here are the full details:
- Sixers acquire Hield.
- Pacers acquire McDermott, Korkmaz, the Raptors’ 2024 second-round pick (from Sixers), the Trail Blazers’ 2029 second-round pick (from Sixers), and cash (from Sixers).
- Spurs acquire Morris, the Clippers’ 2029 second-round pick (from Sixers), and cash (from Sixers).
The 2024 second-round pick going from Philadelphia to Indiana technically includes “most favorable” language and could come from a different team, but there’s essentially no chance it won’t be Toronto’s second-rounder, given their place in the standings.
Folding the two trades into one deal doesn’t materially change much, but it will introduce one notable new wrinkle. If Morris had been traded to Indiana, then sent to San Antonio in a separate deal, he would’ve been eligible to re-sign with the Sixers in the event the Spurs buy him out. However, due to the structure of the deal, he now won’t be permitted to sign with Philadelphia if he’s waived by San Antonio.
A player is prohibited from rejoining a team that traded him if his new team waives him, but if he’s traded twice before being cut, he’s only ineligible to join the club that traded him most recently.
Korkmaz, who is being waived by the Pacers, will also be prohibited from re-signing with the Sixers, though as we noted in a separate story, that was never a likely outcome.
For more details on the Hield and McDermott deals, check out our full stories on the trade agreements.
Hornets To Cut James Bouknight
The Hornets have decided to part ways with former lottery pick James Bouknight, who will be placed on waivers, according to Shams Charania of The Athletic (Twitter link).
Charlotte has to make multiple cuts today, since the team agreed to trade Gordon Hayward for three players and P.J. Washington for two.
The 11th overall pick in the 2021 draft, Bouknight never developed into a reliable rotation player for the Hornets, averaging 4.8 points and 1.7 rebounds in 11.4 minutes per game across 79 career appearances. His shooting line during that time was just .363/.335/.762.
Bouknight also had some legal troubles after making his NBA debut and has battled injuries. The 23-year-old underwent surgery to repair a meniscus injury in his left knee in October, which delayed his debut this season.
The Hornets declined their fourth-year option for 2024/25 on Bouknight, so he’s on an expiring contract and will count against Charlotte’s cap for $4.57MM in ’23/24. The team won’t be on the hook for any money for him beyond this season.
Bouknight will be eligible to sign with any team after clearing waivers.
Pistons Waive Killian Hayes
4:31pm: The Pistons have officially waived Hayes, the team confirmed today (Twitter link).
12:57pm: Former lottery pick Killian Hayes will be released by the Pistons, according to a report from James L. Edwards III and Shams Charania of The Athletic (Twitter link).
The seventh overall pick in the 2020 draft, Hayes entered the NBA with a reputation for being a solid defender and passer whose offensive game was a work in progress. That’s essentially still the case, as his shooting percentages have increased only marginally over the course of his four NBA seasons.
Hayes averaged 6.9 points, 4.9 assists, and 2.8 rebounds in 24.0 minutes per game across 42 appearances (31 starts) this season, with a shooting line of .413/.297/.660. Those field goal and three-point percentages actually represent career bests.
The Pistons reportedly explored the trade market for Hayes prior to Thursday’s deadline – talking to the Grizzlies, among other teams – but apparently didn’t find a deal to their liking. The team agreed to a series of trades that will bring in seven players while sending out three, so the 22-year-old guard will be a victim of the roster crunch, joining Joe Harris among those waived.
Cutting Hayes and Harris will put the Pistons in position to complete at least one and potentially two of their three reported trade agreements. They’ll need to waive two more players to finalize all three deals, but those last two cuts could come from their group of newly acquired players.
Hayes will be eligible to sign with any NBA team if and when he clears waivers, since his salary is well shy of this season’s non-taxpayer mid-level exception.
Pistons Waive Joe Harris
4:30pm: As expected, the Pistons have officially waived Harris, per an announcement from the team (Twitter link).
12:17pm: The Pistons will waive veteran forward Joe Harris, according to Shams Charania of The Athletic (Twitter link).
Acquired from Brooklyn along with a couple second-round picks in a salary-dump trade last summer, Harris didn’t play much in Detroit this season, averaging just 2.4 points per game in 16 appearances (10.6 MPG), with a .359/.333/.500 shooting line. The 32-year-old was one of the NBA’s best three-point shooters for several years with the Nets, but ankle issues have slowed him down in recent seasons.
The Pistons have reached three separate trade agreements in the last 24 hours that will see them acquire seven total players while sending out just three, so some cuts were necessary.
If Detroit plans to waive Danuel House, Shake Milton, and Troy Brown after acquiring them from Philadelphia and Minnesota, respectively, Harris is the only player from the current roster who would need to be released — the Pistons could complete those trades one at a time and waive players as they go, creating enough roster space to finalize their two-for-four deal with New York.
However, if the Pistons intend to keep one or more players from that House/Milton/Brown group or if they want to complete the Knicks trade first, at least one more cut will be necessary.
Once Harris clears waivers, he won’t be eligible to sign the Celtics, Nuggets, Warriors, Clippers, Heat, Bucks, or Suns due to the new rule prohibiting teams whose salaries are above the first tax apron from signing a player whose pre-waiver salary exceeded the mid-level exception ($12.4MM). Harris’ salary for this season is $19.9MM.
Raptors Acquire Olynyk, Agbaji From Jazz For 2024 First-Round Pick
2:52pm: The trade is official, the Raptors and Jazz announced in a pair of press releases.
9:38am: The Jazz have agreed to trade center Kelly Olynyk and wing Ochai Agbaji to the Raptors, sources tell ESPN’s Adrian Wojnarowski (Twitter link). According to Wojnarowski, Utah will receive Kira Lewis, Otto Porter, and a 2024 first-round pick from Toronto in the deal.
That 2024 first-rounder will be the least favorable of the Thunder’s, Clippers’, Rockets’, and Jazz’s picks, per Wojnarowski (Twitter link), so it figures to land near the end of the first round. Utah’s pick is top-10 protected, meaning there’s a scenario in which the Jazz end up hanging onto their own first-rounder and receive a separate pick (likely OKC’s or L.A.’s) as a result of this deal.
While it’s a little surprising to see a lottery-bound team like the Raptors surrender a first-round pick, the deal will net them a solid big man in Olynyk and a promising young prospect in Agbaji, who was the 14th overall pick in the 2022 draft.
Assuming the Raptors intend to hang onto Olynyk, the Toronto native will become the ninth Canadian to play for the franchise and will provide some depth in a frontcourt that’s relatively thin behind Jakob Poeltl. A forward/center who can stretch the floor, Olynyk is averaging 8.4 points, 5.1 rebounds, and a career-high 4.4 assists in 20.4 minutes per game across 50 appearances this season. The 32-year-old has made 42.9% of his three-pointers, boosting his career rate to 37.0%.
Olynyk is on an expiring contract, but the Raptors will control his Bird rights this offseason, giving them the ability to go over the cap to re-sign him or to figure out a sign-and-trade.
As for Agbaji, the young wing hasn’t shown much offensive game since entering the league last season, but is a solid defender who still has room to grow and is under contract through 2026. The Raptors have liked Agbaji for a while, tweets Josh Lewenberg of TSN.ca, and presumably view him as the type of player who can develop alongside the team’s young core of Scottie Barnes, Immanuel Quickley, and RJ Barrett.
The Jazz and Raptors had reportedly been discussing a similar deal that would have included Bruce Brown – rather than a first-round pick – going to Utah. However, Toronto controlled an excess of picks in a 2024 draft that the club isn’t believed to be especially high on, while the Jazz are at risk of losing their own ’24 first-round selection, so the inclusion of the low first-rounder makes some sense.
The Raptors still own the Pacers’ first-round pick and the Pistons’ second-round pick in 2024, and would hang onto their own first-rounder if it ends up in the top six.
Lewis’ salary couldn’t be aggregated in a trade after being acquired from Indiana last month, but that won’t be necessary, since Porter’s $6.3MM cap hit is enough on its own to match Olynyk’s $12.2MM incoming salary, while Lewis’ $5.7MM salary will be used to match Agbaji’s $4.1MM cap hit.
It remains to be seen whether the Jazz will hang onto Lewis and/or Porter for the rest of the season. Lewis is a former lottery pick and Porter has had some strong seasons as a three-and-D wing, but both players have battled injuries in recent years and haven’t played much outside of garbage time in 2023/24.
Mavs Acquire 2024 First-Round Pick From Thunder For 2028 Swap
The Mavericks have acquired a 2024 first-round pick from the Thunder in exchange for a future draft pick swap, both teams announced today. Oklahoma City will have the ability to swap its own 2028 first-round selection for Dallas’ ’28 first-rounder.
The Mavs, in turn, will flip that newly acquired ’24 first-round pick to the Wizards in the Daniel Gafford/Richaun Holmes trade, as was previously reported.
The pick that will head to Washington by way of Dallas will be the second-least favorable of the Clippers’, Thunder’s, Rockets’, and Jazz’s 2024 first-rounders.
The Thunder projected to have multiple picks in the first round of the 2024 draft and were unlikely to use them all, so they’ll push one of those assets down the road, betting on their odds to place ahead of the Mavs in the standings in 2028 and take advantage of that swap.
Conversely, the 2024 first-round pick is more valuable to the Wizards than a 2028 swap would have been, since they’re in the rebuilding process and want to add young talent sooner rather than later.
Raptors Will Waive Spencer Dinwiddie
The Raptors don’t intend to keep veteran guard Spencer Dinwiddie on their roster after acquiring him from Brooklyn. According to Shams Charania of The Athletic (Twitter link), Toronto will waive Dinwiddie before he plays in a game for Toronto.
Dinwiddie is on an expiring contract and has a $1.5MM bonus in his contract if he appears in 50 games. He’s at 48 games now, so he would’ve locked that bonus in with two more appearances and the Raptors would prefer not to be on the hook for that money, since the point guard isn’t in their future plans.
The deal that sent Dennis Schröder and Thaddeus Young was about creating more cap flexibility for the 2024 offseason by moving off of Schröder’s multiyear deal.
It has been a down year so far for Dinwiddie, who averaged just 12.6 points per game on .391/.320/.781 in 48 games (all starts) for Brooklyn while logging 30.7 minutes per night. Those shooting percentages are well below his career rates and the scoring average is his lowest in a healthy season since he averaged 12.6 PPG in 2017/18.
Still, he’s likely to generate plenty of interest on the buyout market, with the Lakers among the teams that might be a fit. Because Dinwiddie’s base salary of $18.9MM exceeds the mid-level exception, he’ll be ineligible to sign with the Celtics, Nuggets, Warriors, Clippers, Heat, Bucks, and Suns, whose team salaries are above the tax apron. He also won’t be permitted to rejoin the Nets.
Nets To Cut Harry Giles
Harry Giles will be a roster casualty in Brooklyn, according to Chris Haynes of Bleacher Report, who reports (via Twitter) that the Nets are waiving the big man.
Giles, a former first-round pick, returned to the NBA in 2023/24 after missing two full seasons due to knee injuries. He signed a non-guaranteed, minimum-salary contract with the Nets, earning a spot on the team’s regular season roster and then having his full salary guaranteed when he remained on the roster through January 7.
Giles played sparingly in Brooklyn, appearing in 16 games and averaging just 5.1 minutes per night. He posted 3.4 points and 1.6 rebounds per game in his limited role.
The Nets have agreed to a pair of trades today in which they’ll take back more players than they send out. Waiving Giles will allow them to complete one of those deals. They’ll have to cut one more player – either from their current roster or one of the incoming players in the first trade – in order to finalize the second transaction.
Giles, meanwhile, will clear waivers on Saturday if he goes unclaimed, and will be free to sign with any team at that point. He also remains eligible for a two-way contract.
Sixers Trade Danuel House, Second-Round Pick To Pistons
1:11pm: The trade is official, per NBA.com’s transaction log.
According to Shams Charania of The Athletic (Twitter links), the Pistons have already waived House, who is expected to receive interest from playoff teams.
9:59am: The Sixers have agreed to trade swingman Danuel House and a 2024 second-round pick to the Pistons, reports Adrian Wojnarowski of ESPN (Twitter link). According to Wojnarowski, the second-rounder will be New York’s pick.
The Pistons are also receiving some cash from the 76ers and will send out a top-55 protected 2028 second-round pick, per James L. Edwards III of The Athletic (Twitter link).
The move is a relatively straightforward salary dump, since shedding House’s expiring $4.3MM contract will allow Philadelphia to move from about $1.6MM above the luxury tax line to $2.7MM below it. The Pistons will get a second-round pick for their willingness to take on House’s salary and accommodate the move.
As Wojnarowski notes (via Twitter), moving off of House will allow the Sixers to be active in the buyout market without surpassing the tax line. Kyle Lowry is one notable potential target in that scenario, assuming he’s bought out by Charlotte.
Philadelphia will have a pair of open 15-man roster spots after completing its deal with the Pistons, as well as its acquisition of Buddy Hield. The 76ers will also create a trade exception worth $4.3MM.
The Pistons, meanwhile, intend to take House into the trade exception they created in last month’s deal with Washington, sources tell Edwards (Twitter link).
Detroit has agreed to a series of deals that will increase its roster count, so the Pistons will have to make at least a couple cuts to accommodate those moves and likely won’t retain some of the players they’re acquiring today. It’s unclear whether they intend to hang onto House after acquiring him.
In 34 appearance (four starts) for Philadelphia this season, House averaged 4.2 points and 1.7 rebounds in 15.0 minutes per game, with a .448/.300/.761 shooting line.
Trade Rumors: Tate, Mavs, Rockets, Suns, Porter, Raptors
The Mavericks and Rockets spoke recently about Houston forward Jae’Sean Tate, according to Kelly Iko of The Athletic. However, league sources tell Iko that Dallas only offered a pair of second-round picks and Houston insisted on three, so the two sides didn’t reach a deal.
As Iko writes, if they do trade Tate, the Rockets would prefer to get a player who could contribute right away, but there was a belief that they could potentially reroute those second-round picks to land that sort of player.
With the trade deadline just over two hours away, the Rockets remain in the market for shooting help and a backup center, Iko reports. Houston traded for Steven Adams last week, but he’s out for the season, so the team wouldn’t mind acquiring a big man who could help in the short term.
Here a few more trade rumors from around the NBA:
- According to Iko, the Rockets have received some inquiries on guard Aaron Holiday and forward Jeff Green, but won’t be looking to dump those players for minor returns, since they’ve established roles and have good relationships with head coach Ime Udoka.
- Jake Fischer of Yahoo Sports (Twitter link) has heard veteran wing Otto Porter mentioned as a possible fallback trade option for the Suns. Toronto agreed to trade Porter to Utah earlier today, but there’s no guarantee the Jazz will keep him. Phoenix has no interest in Bulls center Andre Drummond, however, tweets John Gambadoro of Arizona Sports 98.7.
- A league source tells Michael Grange of Sportsnet.ca (Twitter link) that there has been “not a peep” on Raptors trade candidates Bruce Brown, Chris Boucher, and Gary Trent Jr. so far today. However, it remains possible that will change in the next couple hours.