Hornets Waive Xavier Sneed
The Hornets have waived forward Xavier Sneed, who was on a two-way contract, per a team press release.
Sneed, 25, spent most of the 2022/23 season with the Greensboro Swarm, Charlotte’s NBAGL affiliate, appearing in a total of 44 games with the club across the Showcase Cup and regular season. In 32 regular season appearances (31.2 MPG), Sneed averaged 12.5 points, 4.7 rebounds, and 2.4 assists per night with a .393/.318/.738 shooting line.
He received a 10-day contract from Charlotte at the end of last season and then signed a two-way deal just before the season ended. He appeared in four games with the Hornets, averaging 4.3 points in 12.0 minutes.
Sneed, who also had brief NBA stints with the Grizzlies and Jazz, has spent the bulk of his three-year professional career playing in the G League, primarily with the Swarm. The former Kansas State product went undrafted in 2020.
As our roster count shows, the Hornets currently have 14 players on standard contracts (12 guaranteed), a pair on two-way deals after releasing Sneed, two unsigned restricted free agents (P.J. Washington and Theo Maledon), and one unsigned draft pick (James Nnaji, who was selected 31st overall).
Timothe Luwawu-Cabarrot Signs One-Year Deal With ASVEL
Free agent wing Timothe Luwawu-Cabbarot is returning to his native France, having signed a one-year deal with ASVEL Villeurbanne, the team announced in a press release.
“It’s a great honor to attract one of the very best French players of the moment,” ASVEL president Tony Parker said, per BasketNews.com. “I know Timothe perfectly, and I have no doubts about everything he can bring to the team. I’m very happy he trusts our project, and I can’t wait to see him wear our jersey.”
Luwawu-Cabbarot, 28, was drafted 24th overall by Philadelphia in 2016. He spent six seasons in the NBA, playing for the Sixers, Thunder, Bulls, Nets, and Hawks from 2016-22.
In 2021/22, the 27-year-old appeared in 52 games for Atlanta, averaging 4.4 PPG and 1.6 RPG on .398/.361/.854 shooting in 13.2 minutes per contest. He holds career averages of 5.9 PPG and 2.0 RPG in 328 regular season games.
The veteran swingman signed a training camp deal with Phoenix prior to last season, but didn’t make the team’s roster and was released before ’22/23 began. He wound up returning to Europe, signing a deal with Italy’s Olimpia Milano. His contract expired in April, making him an unrestricted free agent.
ASVEL competes in both the LNB Pro A — France’s top basketball division — and the EuroLeague, which is widely considered the second-most competitive league in the world.
Nets Sign Trendon Watford
3:25pm: Watford’s contract is non-guaranteed, per NetsDaily (Twitter link).
2:27pm: The Nets have signed free agent forward/center Trendon Watford, the team announced (via Twitter).
According to Brian Lewis of The New York Post, Watford received a standard contract (Twitter link). It’s unclear if the deal is guaranteed.
Watford was surprisingly waived by the Trail Blazers at the end of June before his minimum-salary contract for 2023/24 became guaranteed. He went unclaimed and became an unrestricted free agent a couple days later.
The 22-year-old averaged 7.4 points, 3.8 rebounds and 2.1 assists with a shooting line of .560/.391/.720 in 62 appearances (19.1 MPG) in 2022/23.
Watford, who played two seasons of college ball at LSU, went undrafted in 2021 and caught on with the Blazers, initially signing a two-way deal. His contract was converted to a standard deal in February 2022 during his solid rookie season.
After officially signing Watford, the Nets are now carrying 17 players on their roster — 15 on standard contracts and a pair on two-way deals.
Vancouver, Montréal To Host October Preseason Games
The Canadian cities of Vancouver and Montréal will each host one preseason game in October as part of the NBA’s ninth Canada Series, the league announced in a press release.
According to the NBA, the Raptors and Kings will face off on October 8 in Vancouver, while Montréal will host the Thunder and Pistons on October 12.
Three Canadians will take part in the games — Trey Lyles (Kings), Shai Gilgeous-Alexander (Thunder) and Luguentz Dort (Thunder). Dort will be playing in his hometown.
“After growing up and learning to play the game of basketball in Montréal, it will be a special experience to play a preseason game in my hometown,” Dort said. “Canada and Montréal are home to some of the best basketball fans in the world, and I’m looking forward to taking the floor at Bell Centre.”
The Canada Series has featured 15 NBA teams in 16 preseason games across six cities since it launched in 2012. The 2023/24 regular season tips off on October 24.
International Notes: Mirotic, Wall, Galloway, McCaw, More
Former NBA forward Nikola Mirotic has signed with Olimpia Milano in Italy, the team announced in a press release. The new contract for the 2021/22 EuroLeague MVP will run through 2026.
“I am happy to become part of this great family that is Olimpia Milano and to be able to contribute to making this team and this prestigious company more and more competitive,” Mirotic said. “… I am also very happy to be back playing for coach (Ettore) Messina, whom I met when I was starting out. I’m sure next season will be a fun one and our fans will be proud of us.”
Mirotic played five NBA seasons with the Bulls, Pelicans and Bucks before returning to Europe in 2019. The contract he signed with Barcelona was the largest in the EuroLeague at the time, but it was terminated last month with two years remaining.
After his original negotiations with Milano collapsed, Mirotic worked out a three-year agreement with KK Partizan in Serbia. However, he decided not to sign the contract, citing unspecified “threats and insults.” The franchise claimed it could guarantee his safety and was skeptical about his stated reasons for backing out of the deal.
There’s more international news to pass along:
- John Wall is disputing a report that surfaced on Wednesday that he’s also talking to Olimpia Milano, tweeting, “Where Do Y’all Get Ur Info from? False News!!” Wall played 34 games for the Clippers last season before being traded and waived in February. He held a private workout for several teams last month in Las Vegas.
- Langston Galloway has signed with Pallacanestro Reggiana in Italy, according to Donatas Urbonas of BasketNews (Twitter link). The eight-year NBA veteran is part of the Select Team that’s scrimmaging against Team USA’s World Cup squad. He played for College Park in the G League last season.
- Patrick McCaw has joined Filou Oostende in Belgium, the team announced. He spent last season with the G League champion Delaware Blue Coats after winning three NBA titles with Golden State and Toronto.
- Former NBA guard Semaj Christon has signed with Germani Brescia in Italy, according to Emiliano Carchia of Sportando. Christon participated in a free agent mini-camp with the Timberwolves in June.
- Former Pistons shooting guard Deividas Sirvydis has a new contract with Lietkabelis Panevezys in Lithuania, according to Urbonas.
- G League forward Robert Woodard II has joined ADA Blois Basket, the team tweeted. The 40th pick in the 2020 draft signed with the Thunder last October and spent the season in the G League.
Hoops Rumors Chat Transcript: 8/3/2023
Hoops Rumors hosted a live chat today at 10:30 am Central time (11:30 am Eastern).
Click here to view the transcript, and join us on Tuesday afternoon for our next live chat, hosted by Dana Gauruder.
Sale Of Hornets Finalized
The purchase of Michael Jordan’s majority stake in the Hornets by a group led by Gabe Plotkin and Rick Schnall has been finalized, the team announced in a press release. The sale was approved by the NBA’s Board of Governors last month.
Plotkin and Schnall will immediately take over controlling interest in the team. They will serve as co-chairmen of Hornets Sports & Entertainment and will rotate the governorship every five years, starting with Schnall.
“Our vision is to take the Hornets to the next level, both on and off the court,” the new owners stated in the release. “We will look to build a highly competitive basketball team, develop innovative business practices, give back to our community and connect with our fans. We plan to further invest in the team, the facilities and the fan experience, with the goal of delivering a winner to our fans throughout the Carolinas. We are confident that our successful business backgrounds and our previous experience as NBA minority owners will be beneficial as we shape the future of the franchise as a best-in-class organization.”
Jordan, who has owned the team since 2010, will remain a minority owner and an alternate governor, the press release confirms. The purchase price isn’t disclosed, but ESPN’s Adrian Wojnarowski has reported that the franchise is being valued at $3 billion for the sale.
“The opportunity to be the majority owner of the Charlotte Hornets in my home state of North Carolina for the last 13 years has been a tremendous honor,” Jordan said. “I’m proud of all that the organization accomplished: the exciting on-court moments, the return of the Hornets name, Charlotte hosting the 2019 NBA All-Star Game and HSE becoming a true pillar of this community. Through the years, the unwavering commitment, passion and loyalty of our Hornets fans has been incredible.
“As I transition into a minority ownership role, I’m thrilled to be able to pass the reins to two successful, innovative and strategic leaders in Gabe and Rick. I know the Hornets organization is in great hands moving forward. I’m excited about the future of the team and will continue to support the organization and the community in my new role in the years ahead.”
Alize Johnson Signs With Korean Team
Alize Johnson, who spent part of last season with the Spurs, has signed with KCC EGIS in Korea, agent George Langberg tells Emiliano Carchia of Sportando (Twitter link).
The 27-year-old power forward inked a deal with San Antonio last summer, but was waived before the start of training camp. He rejoined the team in late November and had brief appearances in four games before being released again two weeks later. He spent the rest of the season in the G League with Austin and Wisconsin.
Johnson held private workouts in Las Vegas last month for both the Knicks and Celtics, but wasn’t able to earn a training camp invitation from either team. This will mark his first time playing overseas after five years in the NBA and G League.
The Pacers selected Johnson with the 50th pick in the 2018 draft, and he got into 31 combined games during his two seasons with Indiana. He signed with the Nets and Bulls in 2021, and later got 10-day contracts from both the Wizards and Pelicans.
Johnson has played 76 total games for six NBA teams and holds career averages of 2.5 points and 3.0 rebounds in 7.5 minutes per night.
Contract Details: Cissoko, Temple, T. Antetokounmpo, More
The three-year contract that No. 44 overall pick Sidy Cissoko signed with the Spurs is guaranteed for the first two seasons, but not for the third, tweets Keith Smith of Spotrac. It’s worth the minimum in all three years, Hoops Rumors has learned.
Because the Spurs still had a little cap room available, they signed Cissoko using that room instead of the second-round pick exception, Smith notes, so the third year is simply non-guaranteed instead of being a team option.
That will give San Antonio more time to make its third-year decision on Cissoko — instead of having to exercise or decline an option by June 29, 2025, the team will pay him a $500K partial guarantee if he remains under contract through July 6 of that year, ESPN’s Bobby Marks tells Hoops Rumors. Cissoko would receive his full guarantee if he hasn’t been waived by the start of the 2025/26 regular season, Hoops Rumors has learned.
Here are a few more details on recently signed contracts:
- Garrett Temple‘s one-year, minimum-salary deal with the Raptors is guaranteed, per Doug Smith of The Toronto Star (Twitter link). That means Toronto has 15 players on guaranteed standard contracts, with Jeff Dowtin and his non-guaranteed deal potentially on the outside looking in unless one of those 15 players is traded or waived.
- The one-year, minimum-salary contracts signed by Thanasis Antetokounmpo (Bucks) and Sandro Mamukelashvili (Spurs) are also guaranteed, Hoops Rumors has learned. Milwaukee now has 15 players on guaranteed standard contracts, while San Antonio has 18 and will need to make some roster moves before opening night.
- Duane Washington‘s training camp contract with the Knicks includes Exhibit 9 language but doesn’t feature an Exhibit 10 clause, Hoops Rumors has learned. That means Washington can’t have his contract converted into a two-way deal and wouldn’t receive a bonus worth up to $75K if he’s waived by New York and ends up playing for the Westchester Knicks.
Pistons Re-Sign Buddy Boeheim On Exhibit 10 Deal
AUGUST 3: Boeheim’s deal is official, per RealGM’s transaction log.
AUGUST 1: The Pistons have reached an agreement with swingman Buddy Boeheim, ESPN’s Dave McMenamin tweets. It’s an Exhibit 10 contract, James Edwards III of The Athletic tweets.
The son of longtime Syracuse coach Jim Boeheim was on Detroit’s roster last season as a rookie on a two-way deal. The Pistons declined to give him a qualifying offer in June and renounced his rights in July, but the younger Boeheim played on their Summer League team last month.
He appeared in 10 games with the NBA club last season but only averaged 9.0 minutes in those outings. He spent most of his time with the G League Motor City Cruise, where he averaged 12.1 points, 2.6 rebounds and 1.7 assists in 18 games (17 starts). He shot 37.4% on 3-point attempts at that level but made only four of 25 in his NBA appearances.
If Boeheim is waived by the Pistons, he can also earn a bonus of up to $75K by re-joining the Cruise and spending at least 60 days with that NBAGL club.