Pelicans Sign Trey Alexander, Hunter Dickinson To Two-Ways
The Pelicans have filled their open two-way slots, having signed guard Trey Alexander and center Hunter Dickinson to two-way contracts, according to NBA.com’s transaction log.
New Orleans had carried over Lester Quinones from last season on a two-year, two-way deal, so all three of their two-way slots are now occupied.
Alexander, 22, joined the Nuggets on a two-way deal last offseason after going undrafted out of Creighton. He had an excellent G League season, earning NBAGL Rookie of the Year honors after racking up 25.8 points, 5.7 rebounds, 5.6 assists, and 1.6 steals in 37.0 minutes per game, with a shooting line of .462/.395/.817, across 30 total appearances in the Tip-Off Tournament and regular season.
However, he played sparingly at the NBA level for Denver and wasn’t issued a two-way qualifying offer this past weekend, making him an unrestricted free agent.
Dickinson, meanwhile, reached an agreement on a two-way deal with the Pelicans last week, shortly after going undrafted.
The two-time consensus AP All-American averaged 17.4 points, 9.2 rebounds, and 1.5 blocks per game over the course of his college career, while shooting 55.5% from the field. He spent three years at Michigan before playing for Kansas for the past two seasons.
A two-way deal allows a player to be active for up to 50 NBA regular season games and carries a salary of roughly $636K, which becomes guaranteed if the player remains under contract through January 7.
Lakers, Jaxson Hayes Finalize One-Year Deal
July 6: Hayes is officially back under contract with the Lakers, according to NBA.com’s transaction log.
According to ESPN’s Bobby Marks (Twitter link), Hayes actually got a slight raise to 120% above his minimum, so he’ll earn about $3.45MM in 2025/26.
July 3: Free agent center Jaxson Hayes is returning to the Lakers, according to Shams Charania of ESPN, who reports (via Twitter) that the two sides are in agreement on a one-year contract.
Hayes, 25, signed a two-year contract with the Lakers in 2023 and has appeared in 126 games for the team since then, averaging 5.4 points, 3.8 rebounds, and 0.6 blocks with a 72.1% field goal percentage in 15.6 minutes per night.
The former eighth overall pick took on an increased role during the second half of last season following Anthony Davis‘ abdominal injury and the subsequent trade sending Davis to Dallas. Hayes’ last 32 outings of the regular season were starts, as he boosted his averages to 8.1 PPG, 5.5 RPG, and 1.0 BPG in 21.9 MPG during that stretch.
Hayes’ starting role carried over to the postseason, but he struggled in the Lakers’ first-round series vs. Minnesota and was limited to single-digit minutes in each of the first four games before being removed as the starter for Game 5. While he was perhaps miscast as a starter, the seven-footer is a solid reserve option behind presumed starter Deandre Ayton in the middle.
Charania’s report doesn’t include any financial details on the deal, but it will likely be a minimum-salary contract, given that Hayes was earning the minimum for each of the past two seasons.
The Lakers now project to have 15 players under contract, assuming No. 36 pick Adou Thiero gets a standard roster spot, notes Jovan Buha (Twitter link). However, Shake Milton‘s $3MM salary is non-guaranteed, so the team has a little flexibility with that 15th spot. Jordan Goodwin also doesn’t have a guaranteed salary, though the expectation is that he’ll return after playing rotation minutes down the stretch last season.
Bulls Sign Lachlan Olbrich To Two-Way Contract
Australian big man Lachlan Olbrich has officially signed his first NBA contract, according to the Bulls, who announced (via Twitter) that the 55th pick in this year’s draft has finalized a two-way deal.
Olbrich, 21, spent one year playing college ball at UC Riverside from 2022-23, but has primarily been competing in Australia’s and New Zealand’s National Basketball Leagues for the last several seasons, including stints with the Adelaide 36ers, Illawarra Hawks, and Canterbury Rams.
In 29 games for Illawara in 2024/25, the 6’9″ forward/center averaged 8.7 points, 3.8 rebounds, and 1.6 assists in 16.7 minutes per game.
Olbrich’s two-way deal will make him eligible to appear in up to 50 NBA regular season games in 2025/26 and will pay him $636,435 if he remains under contract through the league-wide salary guarantee deadline in January.
The Bulls have now filled all three of their two-way slots, with Emanuel Miller and Jahmir Young occupying the others.
Jonas Valanciunas Reportedly Considering Leaving NBA For EuroLeague
5:44 pm: The Nuggets are hoping to convince Valanciunas to remain in the NBA rather than seeking a buyout to play in Europe, tweets Stein.
4:40 pm: The trade between Denver and Sacramento is expected to proceed as planned, according to Jake Fischer of The Stein Line (Twitter link), who says discussions between Valanciunas and the Nuggets about his future remain “fluid” in the wake of the lucrative offer he received from Panathinaikos.
3:43 pm: Veteran center Jonas Valanciunas is close to accepting a three-year contract offer worth 12 million Euros from the Greek team Panathinaikos, according to a report from Donatas Urbonas and Karolis Tiskevicius of BasketNews.com.
League sources confirm to NBA insider Marc Stein (Twitter link) that a possible return to Europe holds “strong appeal” to Valanciunas.
Valanciunas, who has been in the NBA since 2012, remains under contract for two more seasons, with a $10.4MM guaranteed salary for 2025/26 and a $10MM non-guaranteed salary for ’26/27. In other words, he can’t freely sign with Panathinaikos without extricating himself from that deal.
He’s also in the process of changing NBA teams. The Kings and Nuggets agreed to a trade on Tuesday that would sent the Lithuanian big man to Denver in exchange for Dario Saric, but it can’t be finalized until after the July moratorium lifts on Sunday.
It’s unclear if Valanciunas’ rumored move to Athens would scuttle that deal, or if the two teams would still go through with the trade and Valanciunas would subsequently look to complete a buyout with the Nuggets. I’d bet on the latter.
Former EuroLeague MVP Sasha Vezenkov was in a similar situation last offseason — as rumors about his possible return to Europe swirled, he was traded from Sacramento to Toronto, where he eventually agreed to a buyout with the Raptors that saw him give up all of his remaining guaranteed salary ($6.7MM) so that he could sign with Olympiacos in Greece.
If the Valanciunas situation plays out in a similar fashion, the Nuggets could end up creating some cap savings as a result of a buyout, but they’d be losing a player they’d identified as a reliable backup for superstar Nikola Jokic and would have to return to the trade market and/or free agency to find someone else to fill that slot.
Valanciunas, the No. 5 overall pick in the 2011 draft, has nearly averaged a double-double across 937 regular season games, with 13.1 points and 9.3 rebounds per game. In 81 outings for Washington and Sacramento last season, he put up 10.4 points, 7.7 rebounds, and 2.0 assists in 18.8 minutes per night.
Suns Discussing Possible Bradley Beal Buyout
The Suns have been discussing a potential buyout of the two years left on Bradley Beal‘s contract, reports Duane Rankin of The Arizona Republic.
Beal was the subject of trade rumors throughout the 2024/25 season and those rumors have carried over to the offseason. However, the $110.8MM he’s owed over the next two years have made it extremely difficult to find a trade partner, and the no-trade clause Beal holds further limits the Suns’ leverage, since he would need to approve any move.
As a result, a buyout has been viewed as the most likely path to a split between Beal and the Suns this summer.
If Beal is willing to give back some of that $110.8MM, it could also open the door for Phoenix to use the stretch provision to spread his remaining cap hits over the next five years instead of two, like Milwaukee is doing with Damian Lillard. That would create significant short-term savings for the Suns – an estimated $230MM, per cap expert Yossi Gozalan (Twitter link) – by taking their team salary from above the second tax apron to all the way under the luxury tax line.
NBA rules prohibit a team from carrying stretching a contract if it will result in dead money in a future cap year that exceeds 15% of the current season’s salary cap. Since the cap for 2025/26 was set at $154,647,000, that means no club can have more than $23,197,050 in stretched dead money on its books in ’26/27 or beyond.
Stretching the $110,794,880 owed to Beal across five seasons would result in annual cap hits of $22,158,976, which would fit within that limit. But Phoenix already has $3,814,041 in stretched salary on its cap through ’26/27 related to last year’s cuts of Nassir Little and E.J. Liddell.
In order to sneak below that 15% threshold to legally stretch Beal’s contract, the team would need him to give up at least $13,879,835. For the 32-year-old to consider that, he’d probably have to feel comfortable about making up most or all of that money on a deal with a new team across the next two seasons.
If Beal were bought out, any of the NBA’s other 29 teams could legally sign him. The Collective Bargaining Agreement prevent teams operating over the tax aprons from signing a waived player if his pre-waiver salary exceeds the value of the non-taxpayer mid-level exception ($14.1MM this year), but that rule only applies to players waived and signed during the regular season.
If the Suns were to use the stretch provision on Beal’s salary, they would be ineligible to re-sign him until July 2027, after his contract would have expired.
Pelicans Waive Antonio Reeves
One year after drafting him with the 47th overall pick, the Pelicans have waived guard Antonio Reeves, per Michael Scotto of HoopsHype (Twitter link).
Reeves, 24, appeared in 44 games as a rookie in New Orleans, averaging 6.9 points and 1.4 rebounds in 15.0 minutes per game, with a solid shooting line of .456/.395/.800. He also excelled at the G League level, putting up 24.9 PPG and 5.8 RPG on .470/.416/.800 shooting in 11 appearances for the Birmingham Squadron.
However, the Pelicans’ front office has undergone several changes since Reeves was drafted in 2024, so the new group of decision-makers – led by executive VP of basketball operations Joe Dumars – have decided not to retain the former Kentucky standout.
Reeves’ $1.96MM salary for the 2025/26 season was non-guaranteed until July 23, so the Pelicans will create some minor cap savings as a result of the transaction.
Thunder Sign Thomas Sorber, Brooks Barnhinzer
The Thunder have signed first-round pick Thomas Sorber to his rookie scale contract, the team announced today in a press release.
Sorber, who stands 6’9″ with an impressive 7’6″ wingspan, was selected 15th overall last Wednesday by Oklahoma City a strong freshman year for Georgetown in 2024/25. He served as the team’s starting center and filled up the stat sheet with 14.5 points, 8.5 rebounds, 2.4 assists, 2.0 blocks, and 1.5 steals per game in 24 outings (31.3 MPG) before his season ended early due to a toe injury.
As this year’s No. 15 pick, Sorber is expected to earn $4.66MM in the first year of his contract and a four-year total of $22.51MM. His deal will be guaranteed for the first two seasons, with team options on years three and four.
The Thunder also issued a separate press release confirming that they’ve signed Northwestern’s Brooks Barnhizer to a two-way contract. That had been the anticipated move, since Oklahoma City doesn’t have room on its standard 15-man roster for the No. 44 overall pick.
Barnhizer became automatically draft-eligible this spring after spending his full four-year college career playing for the Wildcats. He put up his best numbers as a senior in 2024/25, averaging 17.1 points, 8.8 rebounds, 4.2 assists, 2.3 steals, and 1.1 blocks in 36.9 minutes per contest across 17 starts. However, he didn’t play after January 29 as a result of a foot injury.
Jase Richardson Signs Rookie Scale Contract With Magic
Former Michigan State guard Jase Richardson has officially signed his rookie scale contract with the Magic, the team announced on Thursday.
Richardson had a strong freshman year for the Spartans, coming off the bench in his first 21 games before claiming a spot in the starting lineup starting in early February. In 36 total contests, he averaged 12.1 points, 3.3 rebounds, and 1.9 assists in 25.3 minutes per game, with an excellent .493/.412/.836 shooting line.
If the 19-year-old signs for 120% of the rookie scale amount, which almost all first-rounders do, he will earn approximately $2.98MM next season and a total of $15.31MM over the course of his four-year deal.
Richardson was selected 25th overall in the 2025 draft.
Nets Sign Demin, Saraf, Wolf To Rookie Scale Contracts
The Nets have officially signed No. 8 overall pick Egor Demin, No. 26 pick Ben Saraf, and No. 27 pick Danny Wolf, the team announced in a press release.
Assuming each player signs for 120% of the rookie scale amount, which virtually every first-rounder does, former BYU guard Demin will earn $6.89MM in 2025/26 and a total of $31.34MM over the course of his four-year contract; Israeli guard Saraf will make about $2.89MM next season and $14.81MM across his four-year deal; and ex-Michigan big man Wolf’s salary for next season will be $2.8MM ($14.34 over four years).
The Nets actually controlled five first-round picks in the 2025 draft, with Drake Powell (No. 22) and Nolan Traore (No. 19) being the others. Typically, an NBA team announces all its first-round signings at once, but Powell won’t officially become a Net for a few more days, when the trade sending him to Brooklyn becomes official.
As for Traore, Brian Lewis of The New York Post (Twitter links) confirms that his signing is being delayed for clearance-related issues following his exit from Saint-Quentin in France. The Nets paid the maximum buyout ($875K) to the French team in order to free him from his contract — once FIBA formally approves the move, the 19-year-old will be able to complete his deal with Brooklyn.
Spurs’ Dylan Harper, Carter Bryant Sign Rookie Contracts
The Spurs have officially signed lottery picks Dylan Harper and Carter Bryant, the team announced today in a pair of press releases.
Former Rutgers star Harper was the No. 2 overall pick of last month’s draft. Assuming he signs for the maximum allowable 120% of his rookie scale amount, which nearly every first-rounder does, the 19-year-old will earn $12.37MM in his first NBA season and a total of $56.14MM over the course of his four-year contract.
Harper averaged 19.4 points, 4.6 rebounds, 4.0 assists and 1.4 steals in 29 games (32.6 minutes per contest) last season for the Scarlet Knights. He is widely considered the second-best prospect in this year’s class.
Bryant, also 19, spent his first and only college season at Arizona. San Antonio selected him 14th overall in the 2025 draft, and assuming he gets 120% of his rookie scale amount, he’ll earn $4.9MM in 2025/26 and $23.42MM in total over his four-year deal.
A 6’7″ combo forward, Bryant averaged 6.5 points, 4.1 rebounds, and 1.0 block in 37 appearances for the Wildcats in ’24/25 (19.3 minutes per game). He didn’t play a starring role as a freshman, but Bryant was a reliable outside shooter (.371 3PT%) and showed off intriguing defensive versatility.