Hornets Waive Spencer Dinwiddie
12:28 pm: The move is official, according to a Hornets press release.
12:08 pm: Just three months after signing a guaranteed contract with the Hornets as a free agent, veteran point guard Spencer Dinwiddie is being waived, according to Shams Charania of ESPN (Twitter link).
Dinwiddie agreed to terms with Charlotte early in free agency on a one-year, minimum-salary deal and officially finalized that agreement on July 13. Because his salary was guaranteed, the 32-year-old will still receive his full $3,634,153, while the Hornets will carry $2,296,274 in dead money on their cap, assuming Dinwiddie goes unclaimed on waivers.
An 11-year NBA veteran, Dinwiddie played a more significant role than expected in Dallas last season due to the Luka Doncic trade and a series of injuries affecting guards like Kyrie Irving and Dante Exum. He was one of the only Mavericks players who made it through the season without dealing with any major health issues.
In 79 games (30 starts), Dinwiddie averaged 11.0 points, 4.4 assists, and 2.4 rebounds in 27.0 minutes per night, with a shooting line of .416/.334/.802. All of those numbers were in the ballpark of his career rates.
The Hornets’ decision to sign Dinwiddie in July was a little curious, given that the team had already traded for Collin Sexton and agreed to re-sign Tre Mann at that point in the offseason. It appeared the front office was making it a priority to load up on point guard depth after Mann and starter LaMelo Ball missed significant time last season due to injuries.
However, facing a roster crunch this fall and with Ball and Mann both healthy, the Hornets decided that Dinwiddie was the odd man out. He registered six points and six assists in 30 total minutes across two preseason games with the club — Charlotte was outscored by 20 points in those 30 minutes.
Once Dinwiddie is officially placed on waivers, the Hornets will have 14 players on guaranteed contracts, plus center Moussa Diabate on a non-guaranteed deal. There had been speculation that Pat Connaughton would be the roster casualty in Charlotte, but unless more moves are coming in the next few days, it looks like the former Buck is now on track to make the team’s regular season roster.
Hoops Rumors Front Office Subscriber Chat Transcript: 10/16/2025
Hoops Rumors’ Arthur Hill held a live chat today exclusively for Trade Rumors Front Office subscribers. Topics included whether the Sixers and Hornets whiffed on Ace Bailey, Russell Westbrook's impact on the Kings, the Antetokounmpo family gathering in Milwaukee, Joe Mazzulla's hatred of the preseason and more!
Jonathan Kuminga Fined $35K By NBA
Warriors forward Jonathan Kuminga has been hit with a $35K fine, the NBA announced on Thursday in a press release (Twitter link).
Kuminga is being penalized for “making inappropriate contact with and continuing to pursue a game official,” according to the league. The incident occurred late in the second quarter of Tuesday’s preseason game vs. Portland and resulted in the the 23-year-old’s ejection.
Kuminga believed he was fouled on a drive to the basket that resulted in a missed layup (Twitter video link) and immediately confronted referee Rodney Mott about the no-call. Kuminga later explained that he was upset about the contact on the same ankle he injured last season, as ESPN’s Anthony Slater relays (Twitter link).
Warriors head coach Steve Kerr told reporters after the game that he “didn’t mind the ejection at all” and appreciated the “fire” and “passion” Kuminga was playing with (Twitter video link via Sam Gordon of The San Francisco Chronicle). Presumably, Kerr didn’t realize at that point that Kuminga had made contact with Mott and wasn’t endorsing that aspect of the incident.
The $35K fine won’t impact Kuminga’s earnings as significantly as it would have last season. After making about $7.6MM in 2024/25, the final year of his rookie contract, the former No. 7 overall pick is earning $22.5MM on his new deal in ’25/26.
Hornets Sign, Waive Jonas Aidoo
October 16: The Hornets have waived Aidoo, per the team (Twitter link), putting him on track to join the Swarm in the coming weeks.
October 15: The Hornets have officially signed center Jonas Aidoo, announcing the news in a press release (Twitter link).
As is the case with most transactions this time of year, Aidoo likely received an Exhibit 10 contract, which would put him in line for a bonus worth up to $85,300 if he’s waived before the season begins and spends at least 60 days with Charlotte’s G League affiliate, the Greensboro Swarm.
A native of Durham, North Carolina, Aidoo played three college seasons at Tennessee prior to transferring to Arkansas for his senior year in 2024/25. In 33 games for the Razorbacks last season, including 15 starts (18.9 minutes per contest), the 6’11” big man averaged 6.9 points, 5.0 rebounds and 1.1 blocks.
Aidoo went undrafted in June, making him an unrestricted free agent.
As Rod Boone of The Charlotte Observer notes (via Twitter), the Hornets opened up a spot on their 21-man roster yesterday evening when they waived Ibou Badji. The team is now back at the offseason limit of 21 players under contract.
Injury Notes: Sabonis, George, Williams, Bailey, Vanderbilt
The Kings fell to 0-3 during the preseason on Wednesday with a loss to the Clippers. More concerning than the defeat was the fact that star center Domantas Sabonis exited the game midway through the third quarter and was ultimately ruled out for the rest of the night due to what the team called a right hamstring issue, per Jason Anderson of The Sacramento Bee (subscription required).
Sacramento already projects to be shorthanded in the frontcourt when the regular season begins next week, with forward Keegan Murray sidelined due to thumb surgery. It’s unclear whether or not Sabonis’ injury is serious enough to jeopardize his availability for the start of the season — head coach Doug Christie said after the game that he didn’t have a concrete update yet on the big man’s status.
“Listen, your star player goes down, you never want to see that, period,” Christie said, according to Anderson. “I can’t speculate on what it is. Hopefully it’s nothing. We have some time before the first game, but those are the things you just don’t want to see. But it’s part of what we do. It’s the same thing with Keegan. As unfortunate as it is, it’s just part of our game.”
We have more notes on injuries from around the NBA:
- Sixers forward Paul George continues to make progress in his recovery from offseason knee surgery. Head coach Nick Nurse told reporters on Wednesday that George has advanced to participating in live, full-court three-on-three drills, as Derek Bodner of PHLY Sports relays (via Twitter). It’s the first time the veteran forward has taken part in live action this fall.
- There’s a belief in Phoenix that center Mark Williams will be available for opening night after not playing at all in the preseason, says John Gambadoro of Arizona Sports 98.7 FM (Twitter link). The Suns big man has been playing 5-on-5 and will get the opportunity to take part in a few more scrimmages before the team’s opener next Wednesday. Gambadoro adds (via Twitter) that he doesn’t expect Jalen Green (hamstring) to miss more than two or three games at the start of the season unless he experiences another setback.
- Rookie forward Ace Bailey has been ruled out for the Jazz‘s preseason finale on Thursday due to bilateral knee tendinopathy, tweets Andy Larsen of The Salt Lake Tribune. Head coach Will Hardy downplayed the issue earlier this week, so there’s no indication at this point that Bailey won’t be ready when the regular season tips off next Wednesday.
- Lakers forward Jarred Vanderbilt was ruled out of the second half of Wednesday’s preseason game vs. Dallas due to a left quad contusion, according to Dan Woike of The Athletic (Twitter link), who says the injury appeared to occur when Vanderbilt got kneed in the thigh. Vanderbilt is hoping to play a key role for L.A. this season after being limited to 65 total outings over the last two regular seasons due to health issues.
Warriors, Lakers Top 2025 NBA Franchise Valuations
The Warriors are still the NBA’s most valuable team, according to Kurt Badenhausen of Sportico, who unveiled the website’s updated NBA franchise valuations for 2025 on Thursday.
Badenhausen projects the Warriors’ value at $11.33 billion, which represents an incredible 24% increase from last year’s $9.14 billion valuation. The NFL’s Dallas Cowboys, at $12.8 billion, continue to be the only global sports franchise whose valuation comes in higher than Golden State’s, according to Sportico’s projections.
As Badenhausen outlines, the Warriors lead the NBA in revenue by a significant margin, having generated an estimated $833MM last season. Golden State makes more than $5MM per game in ticket revenue, along with $2.5MM from luxury suites; the club also has a $45MM per year jersey patch deal with Rakuten, earns almost double what any other team makes in sponsorship revenue, and is one of the few teams to fully own and operate its arena, per Sportico.
After placing third a year ago, the Lakers have jumped to second place on Sportico’s 2025 list at $10 billion, based on Mark Walter‘s recent agreement to purchase the team at that valuation. The Lakers moved slightly ahead of the third-place Knicks, who come in at $9.85 billion.
Every team’s valuation has increased by at least 9% since last year, per Sportico, with the average value of an NBA franchise now at $5.51 billion (up 20% from 2024) and no team worth less than $4 billion.
The average valuation has more than doubled since 2022, when it was $2.58 billion. As Badenhausen writes, the NBA’s new $76 billion media rights deal and its global ambitions – including the possible creation of a league in Europe – have played a part in those gains.
Although the Warriors’ $833MM is something out of an outlier, NBA teams generated an average of approximately $408MM in revenue last season, according to Badenhausen, with the Grizzlies coming in last at $301MM. Memphis also ranks 30th on Sportico’s list of franchise values.
Despite placing at the bottom of this list, the Grizzlies actually had the most significant increase in their franchise valuation this past year, rising from $3.06 billion to $4 billion (31%). The Pelicans (30%), Timberwolves (29%), and Eastern Conference champion Pacers (27%) were the other biggest risers.
Of course, it’s worth noting that figures from Sportico or any other media outlet are just estimates and often don’t quite match up with the sale prices for franchises that change hands. But these projections are usually in the right ballpark and remain useful for getting a sense of the league’s most and least valuable teams.
Here’s Sportico’s full list of NBA franchise valuations for 2025:
- Golden State Warriors: $11.33 billion
- Los Angeles Lakers: $10 billion
- New York Knicks: $9.85 billion
- Los Angeles Clippers: $6.72 billion
- Boston Celtics: $6.35 billion
- Brooklyn Nets: $6.22 billion
- Chicago Bulls: $6.12 billion
- Miami Heat: $6.03 billion
- Philadelphia 76ers: $5.61 billion
- Houston Rockets: $5.53 billion
- Dallas Mavericks: $5.24 billion
- Toronto Raptors: $5.22 billion
- Phoenix Suns: $5.09 billion
- Atlanta Hawks: $5.02 billion
- Sacramento Kings: $5 billion
- Cleveland Cavaliers: $4.86 billion
- Denver Nuggets: $4.8 billion
- Washington Wizards: $4.78 billion
- Indiana Pacers: $4.76 billion
- Milwaukee Bucks: $4.54 billion
- San Antonio Spurs: $4.5 billion
- Oklahoma City Thunder: $4.34 billion
- Utah Jazz: $4.27 billion
- Portland Trail Blazers: $4.25 billion
- Minnesota Timberwolves: $4.24 billion
- Orlando Magic: $4.21 billion
- Detroit Pistons: $4.17 billion
- Charlotte Hornets: $4.13 billion
- New Orleans Pelicans: $4.02 billion
- Memphis Grizzlies: $4 billion
As Badenhausen notes, Sportico’s projections are based on a control sale price, rather than limited stake purchases. Controlling shares in the Celtics, Lakers, and Trail Blazers all changed hands this past year, though only the Celtics sale has been formally approved by the NBA so far.
William Chisholm is buying the Celtics in two stages, with an initial valuation of $6.1 billion and a blended valuation of roughly $6.5 billion. Walter is purchasing the Lakers at a valuation of $10 billion, while Tom Dundon is buying the Blazers at a $4.25 billion valuation.
Celtics Notes: Tatum, Brown, Mazzulla, Battle
Celtics forward Jayson Tatum remains hopeful about his chances of returning from his torn right Achilles before the 2025/26 season ends, but he tells DJ Siddiqi of PokerStrategy.com that there’s no specific timeline or target date in place at this point.
“Nobody’s pressuring me,” Tatum said. “The team, the doctor, the organization, everybody is just like, ‘We want you to be 100% before you come back.'”
While many players who suffer Achilles tears are sidelined for at least a full calendar year, Tatum made it clear that the recovery process isn’t “time-based” and is confident there would be little risk of aggravating the injury if he’s cleared to come back before the one-year mark.
“Time is obviously important, but you have to hit certain benchmarks,” he explained to Siddiqi. “The most important thing is all these tests of your strength, the strength in your calf, the strength in your leg. Getting into the same strength as your left calf or even stronger. For some guys, that takes six, nine, 12 months. Everybody’s just different. But the surgery that I got, the things that we’ve been doing, I feel very, very confident in that surgical site. We won’t have that problem again.”
Here’s more on the Celtics:
- Celtics star Jaylen Brown told head coach Joe Mazzulla that he’ll be OK after exiting Wednesday’s preseason finale with a hamstring injury, writes Brian Robb of MassLive.com. Brown left in the first quarter and was later ruled out for the rest of the night due to what the team called left hamstring soreness. “Talked to him after, he said he would be fine, but I didn’t get a full update,” Mazzulla told reporters after the game.
- When Mazzulla was named the Celtics’ head coach in the fall of 2022, he took over a team with immediate championship expectations. Those expectations remained the same for his first three seasons on the job, but look a little different in 2025/26 as a result of Boston’s offseason roster changes and Tatum’s Achilles injury. Gary Washburn of The Boston Globe (subscription required) takes a look at how Mazzulla is calibrating his coaching style for the new-look roster. “I think you have to adjust based on the roster that you have and the personalities that you have,” Mazzulla said. “But also the type of personality that you want your team to have. Everyone is different so you have to treat everyone different, but at the same time you have to have a collective personality in what you’re trying to do. You have to be able to spend time and understand what makes each person tick, but your team has to tick at a certain level.”
- Ashley Battle – a Celtics scout who also held the title of assistant general manager of the Maine Celtics, Boston’s G League affiliate – is leaving the organization to join the front office of the Portland Fire in the WNBA, reports Sean Highkin of the Rose Garden Report (Substack link). A former WNBA player herself, Battle had been working for the Celtics since 2021.
LeBron James Aiming To Make Season Debut By Mid-November
In the wake of the news that LeBron James would miss the start of the Lakers‘ season with sciatica on his right side, there has now been an update in his timeline, courtesy of ESPN’s Shams Charania (Twitter video link).
Charania says that James and the Lakers are targeting a mid-November season debut, but that LeBron will not rush back prematurely.
“A source told me tonight that LeBron would be taking a patient approach with this rehab from nerve injury,” Charania said. “The ramp-up process for this will be a lot of basketball-shape conditioning work.”
Charania notes that James started dealing with the nerve issue during a workout at the end of July or beginning of August, which impeded his usual preseason training ramp-up period.
Charania points to October 30 as a key date for James to be reevaluated, but adds it’s expected that he will need at least a few weeks after that to return to a conditioning level that he feels comfortable with before taking the floor again.
James, who will turn 41 in December, has played at least 75 games, including playoffs, in each of the last two seasons, after not having reached that benchmark since the 2017/18 season.
Central Notes: Turner, Ball, Mathurin, Sarama, Russell
The Bucks got their first glimpse of the Giannis Antetokounmpo–Myles Turner pairing on Sunday, and what they saw in just over five minutes should excite them, says Eric Nehm of The Athletic. Despite Antetokounmpo’s somewhat pedestrian box score numbers, his presence opened up the floor for the team’s shooters, Nehm writes. Most importantly, Turner’s instincts, not only as a spacer but also as a cutter, worked perfectly alongside Antetokounmpo’s scoring gravity, creating wide-open looks for the Bucks’ guards.
“The most important thing about him is that he sacrifices,” Antetokounmpo said. “At times, he knows that he’s not going to get the ball and he’s going to create the open shot for his teammate.”
While the on-court stint may have been over quickly, Nehm feels it’s indicative of why pursuing Turner was the right choice for a team featuring Antetokounmpo. So far, the Bucks’ star seems to agree.
“It’s fun playing with him. Makes the game easier for me,” Antetokounmpo said. “I think I’ll try to make the game easier for him. When I draw a lot of attention, I think he’s gonna be able to create a lot of open shots … So he just makes the game easier not just for me, for the whole team.”
We have more notes from around the Central Division:
- Speaking of proving the value of an offseason pursuit, Lonzo Ball showed during Tuesday’s preseason game against the Pistons why the Cavaliers targeted him in trade talks this summer, writes Chris Fedor for Cleveland.com. Ball did a bit of everything in his 20 minutes, with nine points, nine assists, four rebounds, three blocks, and two steals. Coach Kenny Atkinson said that was exactly what he was envisioning Ball’s role to be. “He hasn’t disappointed,” Atkinson said. “Everything that we thought we were getting, we’re getting. He’s just got a great, great feel. I’m excited to coach any NBA player, but this is a guy I’ve watched for a long time. He’s kind of the ultimate system fit.” It appears the only questions surrounding Ball’s tenure in Cleveland will be related to health, not skill set.
- Bennedict Mathurin is expected to command a significant role for the Pacers this season with Tyrese Haliburton recovering from an Achilles tear. In Monday’s preseason matchup against the Spurs, he showed that he could not only create his own shot, but also play within the flow of the offense, writes Dustin Dopirak for the Indianapolis Star. Mathurin ended the game with 31 points on 11-of-12 shooting. On the less encouraging side of things, the Pacers’ four centers, Isaiah Jackson, Jay Huff, James Wiseman, and Tony Bradley, scored three total points on 0-of-10 shooting. With the departure of Turner, figuring out how to survive the center rotation will be crucial for the Pacers to stay competitive.
- Alex Sarama, who spent the last year and a half as an assistant coach with the Cavaliers, has been announced as the first head coach for the newly-christened Portland Fire WNBA team, writes Annie Costabile of Front Office Sports. Sarama worked with Fire general manager Vanja Cernivec during their time with the London Lions in the British Basketball League, serving as the Lions’ director of methodology.
- Walker Russell Jr. has played for the Pistons, as did his father, Walter Russell Sr. He now returns to the organization as an assistant coach for its G League affiliate, the Motor City Cruise, writes Omar Sankofa II of the Detroit Free Press. The Russells remain the only father-son duo to ever both play for the Pistons, and Sankofa adds that both father and son started and ended their playing career in Detroit. Russell Jr. is eager for the opportunity. “This right here is the best feeling I ever had, coming home,” he said. “I get to grind player development, I get to grind with the guys and tell my story, the good and the bad. The bad is what I really, really like to harp on because everybody talks about the good in this business. Nobody really talks about how you stay in this business.“
Hawks’ Smith, Nuggets’ Akinjo, Nets’ Smith Waived
A trio of camp invitees around the league have been waived, according to the NBA.com transaction log: Deivon Smith (Hawks), Malachi Smith (Nets), and James Akinjo (Nuggets).
Deivon Smith was a five-year college player who started his career at Mississippi State and ended it at St. John’s. A 6’1″ guard, he averaged 9.3 points and 3.9 assists for St. John’s after transferring from Utah.
Akinjo is also a 6’1″ guard. He played for Georgetown for two seasons, then Arizona, before playing his senior season at Baylor, where he averaged 13.5 points, 5.8 assists, and 2.0 steals per game. He played last season with the Wisconsin Herd in the G League, averaging 15.7 PPG and 8.2 APG on 41.3% shooting from three.
Malachi Smith signed his deal with the Nets on Tuesday. He has been a G League mainstay since going undrafted in 2023, playing last season for the Grizzlies’ affiliate, the Memphis Hustle. Keith Smith of Spotrac notes (via Twitter) that Smith got a $42,650 partial guarantee in his deal, which was designed to help the Nets stay over the minimum salary floor.
All three players are likely to report their teams’ G League affiliates. Deivon Smith and Akinjo would earn Exhibit 10 bonuses worth $25,00 and $85,300, respectively, if they spend at least 60 days in the NBAGL.