Kaiser Gates

Pelicans To Sign Kaiser Gates To Two-Way Contract

The Pelicans have reached an agreement to sign free agent forward Kaiser Gates to a two-way contract, sources tell Shams Charania of The Athletic (Twitter link).

Gates, who went undrafted out of Xavier in 2018, spent one season (2021/22) in Israel with Hapoel Jerusalem but has otherwise been playing in the G League since going pro, enjoying stints with Windy City, Maine, and Long Island.

In 40 total appearances in the NBAGL regular season and Showcase Cup for the Long Island Nets last season, the 26-year-old averaged 12.2 points and 5.6 rebounds in 23.5 minutes per contest, with a shooting line of .473/.468/.674.

The Pelicans still have several openings on their 21-man offseason roster and had been the only NBA team with multiple two-way slots available, so they won’t need to make a corresponding move to clear room for Gates.

Once Gates’ deal is official, New Orleans will be able to add one more two-way player to join him and Dereon Seabron. Christian Clark of NOLA.com (Twitter link) says he’d be surprised if rookie big man Liam Robbins – who reached a deal with the Pelicans in June – doesn’t end up filling that opening.

Contract Details: Fernando, Herro, Nance, Adams

The Rockets used a portion of their mid-level exception to give Bruno Fernando a four-year deal and a guaranteed salary of $2,717,391 for the 2022/23 season, Hoops Rumors has confirmed. Fernando’s salary will dip to $2,581,522 for 2023/24 before rising back up to $2,717,391 for ’24/25 and increasing to $2,853,260 for ’25/26. As Michael Scotto of HoopsHype tweets, the second and third years of Fernando’s deal are non-guaranteed, while the fourth year is a team option.

Here are some details on a few more new contracts from around the NBA:

  • Tyler Herro‘s four-year extension with the Heat will pay him annual salaries of $27MM, $29MM, $31MM, and $33MM beginning in 2023/24, for a base value of exactly $120MM, tweets ESPN’s Bobby Marks. The deal also includes $2.5MM in annual incentives that are currently considered unlikely.
  • Larry Nance Jr.‘s two-year extension with the Pelicans will pay him $10,375,000 in 2023/24 and $11,205,000 in ’24/25, tweets Anil Gogna of NoTradeClause.com. Because Nance’s second-year raise exceeds 5%, he’ll be ineligible to be traded during the 2022/23 season.
  • Steven Adams‘ two-year extension with the Grizzlies features a flat base salary of $12.6MM in both 2023/24 and ’24/25, with no options or incentives, Hoops Rumors has confirmed. Adams’ new deal doesn’t exceed the extend-and-trade limits, so he’ll remain trade-eligible this season.
  • As expected, the recent contracts signed by Kaiser Gates (Nets), Brandon Rachal (Nets), and Sacha Killeya-Jones (Thunder) all included Exhibit 10 language.

Nets Waive Kaiser Gates, Sign Brandon Rachal

The Nets have waived forward Kaiser Gates and signed forward Brandon Rachal, the team announced today.

Brooklyn still has 20 players under contract, including two-way players Alondes Williams and David Duke, plus Exhibit 10 talents Chris Chiozza and RaiQuan Gray.

Gates, 25, was also signed to an Exhibit 10 contract. It’s reasonable to expect he’ll play for the Nets’ G League affiliate in Long Island. He appeared in 12 games with Long Island last season, averaging 9.1 points per contest on 41% shooting from the floor.

Rachal, 6’6″, turned 23 years old on Friday. He also played for Long Island last season, holding per-game averages of 13.6 points and 5.8 rebounds in 28 outings. He shot 54% from the floor and 23% from behind-the-arc (31 three-pointers attempted).

Excluding two-way players, the Nets must trim their roster to 15 by 5:00 pm ET on October 17. The team is looking to rebound after a tumultuous offseason and compete for a title in 2023.

Kaiser Gates Signs With Nets

Free agent forward Kaiser Gates has signed with the Nets, according to the team (Twitter link via JD Shaw of Hoops Rumors). The 6’7″ Gates last played for Brooklyn’s Summer League club in Las Vegas.

After going undrafted out of Xavier in 2018, Gates latched on with the G League affiliates of the Bulls and Celtics from 2018-20. He subsequently signed a training camp deal with Brooklyn, but was waived before the start of the 2020/21 regular season and reported to the Nets’ NBAGL team, the Long Island Nets.

Across 12 contests for the Long Island Nets, Gates averaged 9.1 PPG, 5.2 RPG, 1.3 SPG, and 1.1 APG. He posted shooting splits of .409/.356/1.000, though that free-throw percentage came on just six total attempts.

The 25-year-old next spent the 2021/22 season with Israeli club Hapoel Jerusalem.

Brooklyn has 12 players inked to guaranteed deals and three on non-guaranteed standard contracts. Both of the team’s two-way slots are occupied. Gates appears likely to join point guards Chris Chiozza and power forward RaiQuan Gray on Exhibit 10 contracts, replacing Marcus Zegarowski on the 20-man roster.

Nets Cut Kaiser Gates

A day after signing an Exhibit 10 contract with the Nets, forward Kaiser Gates has been waived by the team, according to a press release.

Gates, who went undrafted out of Xavier in 2018, has spent most of the last two seasons in the G League, first with the Windy City Bulls, then last season with the Maine Red Claws. He recorded 12.2 PPG and 7.2 RPG on .403/.331/.694 shooting in 36 games (32.6 MPG) for Boston’s NBAGL squad in 2019/20.

Signing a player and then almost immediately waiving him is a common move during the preseason for NBA teams looking to either secure a player’s G League rights or to ensure he gets a $50K Exhibit 10 bonus if he plays for their NBAGL affiliate. Since Maine controls Gates’ returning rights, the Long Island Nets (Brooklyn’s affiliate) would need to acquire those rights in a trade.

The Nets how have 19 players on their preseason roster, with at least a couple more cuts still to come.

Nets Sign Elie Okobo, Kaiser Gates To Exhibit 10 Deals

The Nets have filled the two open spots on their 20-man training camp roster, announcing today in a press release that they’ve signed free agent guard Elie Okobo and forward Kaiser Gates. Both players received Exhibit 10 deals, per Brian Lewis of The New York Post (Twitter link).

Okobo’s agreement with Brooklyn was previously reported. The 31st overall pick in the 2018 draft, he spent two years in Phoenix, appearing in a total of 108 games. He averaged 4.8 PPG and 2.2 APG in 15.5 minutes per contest during those two seasons, but became expendable this offseason. The Suns released him last month before his 2020/21 salary became guaranteed.

Gates, meanwhile, has spent most of the last two seasons in the G League, first with the Windy City Bulls, then last season with the Maine Red Claws. He recorded 12.2 PPG and 7.2 RPG on .403/.331/.694 shooting in 36 games (32.6 MPG) for Boston’s NBAGL affiliate in 2019/20. If the Nets want him to play for their G League team this season, Long Island will need to acquire his rights.

Brooklyn’s 20-man roster now consists of 14 players on guaranteed contracts, plus two-way player Jeremiah Martin and five players without guarantees (Okobo, Gates, Chris Chiozza, Timothe Luwawu-Cabarrot, and Reggie Perry). Okobo and Gates will likely be among the players cut when the Nets set their roster for the regular season in the coming days.

And-Ones: WNBA, Wade, Two-Way Candidates

The WNBA and its players union have reached a landmark labor deal, announcing the tentative eight-year agreement today, as Doug Feinberg of The Associated Press outlines.

The new Collective Bargaining Agreement will increase the average and maximum salaries for players while enhancing standards and benefits related to travel and maternity leave. The deal, which has been approved by players and still must be ratified by owners, includes a 50-50 revenue sharing split beginning in 2021.

“I call it historic,” WNBA Commissioner Cathy Engelbert said. “The CBA guarantees substantial (financial) increases. The way we are paying these players is different than the past. … The top couple players are tripling (in pay) where they were. Other players are making $200-300K. The average will be over $130K. Everyone gets an increase here.”

The WNBA is also introducing a mid-season competition called the Commissioner’s Cup, per Mechelle Voepel of ESPNW. The event could be a mini-preview of what’s to come in the NBA, where commissioner Adam Silver has pushed the idea of an in-season tournament.

“We will designate Cup games the first half of the season leading into the Olympic break this year,” Engelbert said. “And then [for] the two teams with the best records, we will have a final in August as our first game back to re-launch the season. In 2020, the cash prizes will be more moderate, but in 2021, we’re going to step them up as we seek sponsors.”

Here are more odds and ends from around the basketball world:

Celtics Release Kaiser Gates

The Celtics have waived forward Kaiser Gates, according to NBA.com’s official transactions log. The move leaves Boston with 19 players under contract.

Gates, who will turn 23 in November, spent most of last season with the Windy City Bulls after going undrafted out of Xavier. In 50 NBAGL games, the forward recorded 12.7 PPG and 6.4 RPG with a .408/.375/.786 shooting line.

The Maine Red Claws – Boston’s G League affiliate – acquired Gates’ returning rights from Windy City last month, so after joining the C’s for camp and the preseason, he’s on track to report to Maine and receive an Exhibit 10 bonus worth up to $50K if he spends 60 or more days with the club.

Celtics Officially Sign Maten, Gates; Camp Roster Set

The Celtics have made a handful of roster moves to set their roster for training camp, the team announced today in a press release. Boston waived recently-signed players Bryce Brown and John Bohannon, officially signing Yante Maten and Kaiser Gates using the newly-created openings.

Maten, 23, spent most of the 2018/19 season on a two-way contract with the Heat. He appeared in just two games for Miami but thrived for the Sioux Falls Skyforce in the G League. The rookie power forward averaged 23.5 PPG and 9.7 RPG in 30 games for Sioux Falls, earning a spot on the All-NBAGL Second Team. After being waived by Miami this summer, he reached an agreement with Boston.

Gates, who will turn 23 in November, joined the Bulls for training camp last fall after going undrafted out of Xavier. He was waived by Chicago before the season began and reported to the team’s G League affiliate, the Windy City Bulls. In 50 NBAGL games, the forward recorded 12.7 PPG and 6.4 RPG with a .408/.375/.786 shooting line. Earlier this month, he agreed to sign with the Celtics.

As for the Celtics’ waived players, Brown is expected to become an affiliate player for the Maine Red Claws, while Bohannon will likely rejoin to Boston’s G League team as a returning rights player.

The Celtics now have a full 20-man roster heading into camp, including 14 players on guaranteed salaries. Assuming Boston plans on carrying a 15th man, Maten and Gates figure to compete with Tacko Fall and Javonte Green for that spot.

Atlantic Notes: Dinwiddie, Celtics, Fizdale

Nets guard Spencer Dinwiddie will become the first NBA player to turn his player contract into a digital investment vehicle, multiple sources tell Shams Charania of The Athletic.

As Charania explains, Dinwiddie is expected to give up some future income on his three-year, $34MM+ deal with the Nets in order to secure smaller lump sum payments up front, which he could then immediately invest. Investors who secure a “Dinwiddie bond” in the form of a digital token would eventually be paid back the principal amount with interest, with that cost covered by the veteran’s NBA contract, writes Charania.

Here’s more from around the Atlantic:

  • While Team USA has had a disappointing run in the 2019 FIBA World Cup, that doesn’t diminish the fact that four Celtics players – Kemba Walker, Marcus Smart, Jayson Tatum, and Jaylen Brown – got valuable chemistry-building reps in China, writes Chris Forsberg of NBC Sports Boston. The experience they gained together with Team USA will benefit them and the Celtics more than any medal would have, Forsberg opines.
  • The Celtics‘ G League affiliate – the Maine Red Claws – has acquired the returning rights to former Xavier forward Kaiser Gates in exchange for a first-round draft pick, per a press release. Gates agreed to a training camp contract with Boston last week, so today’s move signals that the club plans to eventually have him report to Maine.
  • Ian Begley of SNY.tv spoke to a handful of current and former NBA coaches who believe that David Fizdale will face a difficult challenge in New York this season. The Knicks‘ head coach will have to balance developing young players with finding enough minutes for all the veterans who signed short-term, big-money deals and expect to play key roles.