Transactions Rumors | Hoops Rumors

Pistons Sign Alondes Williams To Two-Way Deal

October 22nd, 2024 at 11:58am CST by Luke Adams

The Pistons have officially filled their third and final two-way slot by signing free agent guard Alondes Williams to a two-way contract, the team announced today in a press release (Twitter link).

Reporting on Saturday indicated that Detroit planned to sign Williams. However, the team had to wait for him to clear waivers first. That happened on Monday, two days after he was cut by the Clippers.

Williams, who played college ball for Triton College, Oklahoma, and Wake Forest, went undrafted in 2022 and spent his rookie season with the Nets and their G League affiliate in Long Island. Last August, he signed an Exhibit 10 contract with the Heat and opened the season with the Sioux Falls Skyforce, Miami’s G League affiliate, before signing a two-way contract with the Heat in February and finishing the season on their 18-man roster.

Although Williams has only played 21 total minutes across eight appearances for Brooklyn and Miami at the NBA level, he’s coming off a big year in the G League. In 43 Showcase Cup and regular season appearances for the Skyforce in 2023/24, he put up 20.3 points, 7.1 assists, and 5.3 rebounds in 37.4 minutes per game, with a shooting line of .499/.369/.742. The 25-year-old also helped the Heat win a Summer League title in July, averaging 12.0 PPG and 4.8 APG with a .480 3PT% in five games in Las Vegas.

Williams was in camp with the Clippers on a non-guaranteed deal, but didn’t secure a spot on L.A.’s regular season roster. The Pistons reached a deal with him immediately after he was waived and have now added a pair of former Heat youngsters in the past two days, having also inked Cole Swider to a two-way contract.

Now that the Pistons have all three of their two-way slots filled, the Magic are the only NBA team that still has a two-way opening. That means 89 of 90 two-way spots around the league are occupied, as our tracker shows.

Aaron Gordon Signs Long-Term Extension With Nuggets

October 21st, 2024 at 11:00pm CST by Dana Gauruder

11:00pm: Gordon’s new deal with the Nuggets is official, per NBA.com’s transaction log.

7:38pm: The Nuggets and forward Aaron Gordon have agreed on a contract extension, NBA insider Chris Haynes tweets. The deal will include a player option and a trade kicker, Shams Charania of ESPN tweets.

While Haynes and Charania refer to the contract as a four-year extension, the agreement will actually adding three new years to Gordon’s current contract and will begin in 2026.

Gordon, who is earning a base salary of $22.84MM in 2024/25, will exercise his $22.84MM player option for ’25/26 as part of the agreement, then receive his maximum salary for the next three seasons after that, Charania adds (Twitter link).

Because Gordon is eligible for a 40% raise on his option salary, the extension will start at $31.98MM, with a ’27/28 salary of $34.54MM and a player option worth $37.1MM in ’28/29. The deal will include $103.61MM in total new money over those three seasons, plus incentives that could increase the total value to approximately $109MM.

Gordon is the second Nuggets starter to get a major extension this offseason. Denver locked up point guard Jamal Murray with a four-year, maximum-salary extension in September.

Superstar center Nikola Jokic and forward Michael Porter Jr. are both signed through the 2026/27 season, with Jokic also holding a player option for ’27/28.

The Nuggets lost Kentavious Caldwell-Pope in free agency in July and were intent on keeping their remaining core intact. Gordon would have remained extension-eligible during the season if he had declined his ’25/26 option as part of an agreement, but had to get the deal done by Monday night in order to pick up that option and extend off that number.

If he had declined his option, Gordon would have eligible for up to $143.3MM on a four-year extension starting in 2025, so the Nuggets managed to get the deal done somewhat lower than that figure. That should help the team better manage its luxury tax situation in ’25/26.

Gordon has proven to be a versatile starter since he was acquired from Orlando during the 2020/21 season, fitting in well with Jokic on offense and providing solid defense on the wing. He has appeared in at least 68 regular season games in each of his three full seasons with Denver. Last season, Gordon averaged 13.9 points, 6.5 rebounds and 3.5 assists per game while struggling with his shooting from deep (29.0%).

Wizards Re-Sign Jared Butler On Two-Way Deal, Waive Dennis

October 21st, 2024 at 6:21pm CST by Dana Gauruder

10:42pm: Butler has officially signed his two-way deal, according to the NBA transactions log.

6:21pm: The Wizards are bringing back free agent guard Jared Butler on a two-way deal, Marc Stein tweets.

Butler was on a standard contract with Washington entering training camp but was cut on Saturday. He cleared waivers on Monday.

It’s not surprising that Butler was brought back by the Wizards, who reportedly explored ways to keep Butler on the 15-man roster. He was on a non-guaranteed contract and the team was already carrying 15 players on fully guaranteed deals. It’s entirely possible Butler will wind up signing another standard contract at some point this season.

To make room for Butler, the Wizards waived guard RayJ Dennis, according to the NBA transactions log.

The 40th overall pick in the 2021 draft, Butler spent time with Utah and Oklahoma City before playing for the Wizards in 2023/24. He was on a two-way contract for most of the season before being converted to a multiyear standard contract in April.

Butler appeared in a total of 40 NBA games last season, averaging 6.3 points, 3.2 assists, and 1.5 rebounds in 14.2 minutes per night, with a .488 FG%. He also had a strong preseason this month, with averages of 6.8 PPG and 4.2 APG on .536/.400/.667 shooting in five games (14.3 MPG).

Dennis was just signed to a two-way contract over the weekend. The undrafted Baylor guard averaged 13.6 points, 6.7 assists, and 3.9 rebounds in 34.3 minutes per game across 35 contests last season (all starts).

The Wizards opted to retain Justin Champagnie and Tristan Vukcevic with their other two-way deals.

Pistons Exercise 2025/26 Options On Four Players

October 21st, 2024 at 5:36pm CST by Dana Gauruder

The Pistons have exercised their 2025/26 contract options on Jaden Ivey, Jalen Duren, Ausar Thompson and Marcus Sasser, the team’s PR department tweets.

For Ivey and Duren, the options cover their fourth NBA seassons. Ivey, the fifth pick in 2022, will now get a guaranteed $10,107,163. Duren, chosen 13th overall that same draft after the Pistons swung a deal to acquire him, will make $6,483,144 next season.

Both players will either start or be regular second-unit players this season. They will be eligible for rookie scale extensions next summer.

Thompson and Sasser were first-rounders last season. Thompson, the No. 5 pick in 2023, will make $8,775,162 in 2025/26, while Sasser, the No. 25 pick last year, will receive $2,886,431. The Pistons will have until October 31, 2025 to pick up their fourth-year options for ’26/27.

Notably, the Pistons also have a fifth player who has a rookie scale team option for 2025/26: Wendell Moore, acquired over the summer in a trade with Minnesota, would make $4,574,283 if his option is picked up.

While Detroit still has another 10 days to exercise Moore’s option, teams typically announce all of those decisions at the same time, so his omission from today’s press release is a strong indication that option won’t be picked up. Assuming that’s the case, he’d become an unrestricted free agent next summer.

We’re tracking all of the ’25/26 rookie scale option decisions right here.

Rockets, Alperen Sengun Finalize Five-Year Extension

October 21st, 2024 at 5:35pm CST by Luke Adams

5:35pm: Sengun has officially signed his new contract with the Rockets, per NBA.com’s transaction log.

4:49pm: The Rockets and big man Alperen Sengun have reached an agreement on a five-year rookie scale extension, agents Sean Kennedy and Jeff Schwartz tell Bobby Marks of ESPN (Twitter link). The deal is worth $185MM, with a fifth-year player option, according to Marks.

Sengun, 22, is coming off a breakout season that saw him finish third in Most Improved Player voting. He set new career highs in points (21.1), rebounds (9.3), assists (5.0), and steals (1.2) per game while making 53.7% of his field goal attempts in 63 starts (32.5 MPG) before ankle and knee injuries prematurely ended his season.

Despite Sengun’s star turn, there was uncertainty entering the fall about whether or not he and the Rockets would work out a rookie scale extension, since Houston wasn’t expected to offer him a maximum-salary deal at this time and was in position to maximize its 2025 cap room by postponing a new deal for Sengun. If he had entered next offseason as a restricted free agent, Sengun would have had a cap hold of just $16.3MM.

However, Sengun said on media day that he was interested in signing an extension before the 2024/25 season tipped off and Jonathan Feigen of The Houston Chronicle reported at the time that there was a “legitimate chance” the two sides would reach a deal.

Having agreed to terms with both Sengun and Jalen Green, who signed a three-year, $105.3MM extension, the Rockets now appear poised to operate over the cap next summer rather than under it.

They also have two of their cornerstone players locked up for multiple seasons beyond 2024/25. In addition to Sengun and Green, Rockets youngsters Amen Thompson, Cam Whitmore, and Reed Sheppard are also under contract through at least 2027.

Sengun is one of seven players to complete a rookie scale extension in the past 24 hours, joining Jalen Johnson, Jalen Suggs, Trey Murphy, Corey Kispert, Moses Moody, and his teammate Green.

Hawks Sign Jalen Johnson To Five-Year Extension

October 21st, 2024 at 5:34pm CST by Luke Adams

5:34pm: Johnson’s extension, which just narrowly beat the 5:00 pm Central time deadline, is official, according to NBA.com’s transaction log.

5:07pm: The Hawks have agreed to sign forward Jalen Johnson to a five-year rookie scale extension worth $150MM, agent Rich Paul tells NBA reporter Chris Haynes (Twitter link). The deal will be fully guaranteed, according to Shams Charania of ESPN (Twitter link).

Johnson, who will turn 23 in December, has steadily gained a bigger foothold in the Hawks’ rotation since seeing limited action in 22 games as a rookie in 2021/22. He broke out in a major way in his third NBA season, averaging 16.0 points, 8.7 rebounds, 3.6 assists, and 1.2 steals in 33.7 minutes per game while posting a shooting line of .511/.355/.728 in 56 outings (52 starts).

Injuries prevented Johnson from playing a full season in 2023/24, but he’s healthy this fall and appears poised to take another step forward for a retooling Hawks team that traded away one of its primary offensive options (Dejounte Murray) over the summer. Johnson has been one of the betting favorites for the Most Improved Player award ahead of the season.

With Johnson poised to take on a more significant role in year four, it made sense for the Hawks to move now to secure him to a long-term contract, since he could further increase his value with a big season in ’24/25.

Johnson’s $30MM-per-year extension puts him right in line with the five-year, $150.5MM deal that Jalen Suggs completed with the Magic and is the seventh-biggest rookie scale extension signed this offseason, behind Suggs, Alperen Sengun, and the four players who got maximum-salary commitments (Scottie Barnes, Cade Cunningham, Evan Mobley, and Franz Wagner).

Johnson and No. 1 overall pick Zaccharie Risacher project to be long-term cornerstones in Atlanta, while young center Onyeka Okongwu is also under contract for the next four seasons. Atlanta’s performance in 2024/25 may go a long way toward determining whether three-time All-Star Trae Young is also considered a part of that future core beyond his current contract, which has two guaranteed years remaining.

Hardy Agrees To Three-Year Extension With Mavs; No Extension For Grimes

October 21st, 2024 at 5:19pm CST by Dana Gauruder

Third-year guard Jaden Hardy has agreed to a three-year, $18MM extension with the Mavericks, ESPN’s Shams Charania tweets. The final year of Hardy’s extension will include a team option, Tim MacMahon of ESPN tweets.

Hardy was a second-round pick in 2022 and the contract he’s signing is considered a veteran extension rather than a rookie scale extension.

He was eligible to sign at any point this season, unlike some other veterans who faced a Monday deadline. However, Hardy and the team chose to get the deal done sooner rather than later.

In related news, the Mavericks won’t be signing Quentin Grimes to a rookie scale extension, The Athletic’s Fred Katz tweets. Grimes will be headed to restricted free agency next summer.

Hardy has proved to be a valuable rotation player in his two NBA seasons. He saw action in 73 regular season games last season, including seven starts, averaging 7.3 points, 1.8 rebounds and 1.5 assists in 13.5 minutes per contest. He’s established himself as a reliable three-point threat in his two seasons in Dallas (37.9%).

The 6’4” Hardy also played regularly in the postseason, albeit in limited minutes. He averaged 4.2 PPG in 6.8 MPG. He could have an opportunity for more minutes early in the 2024/25 season with Dante Exum sidelined due to wrist surgery.

Low-cost rotation players are extremely valuable to contenders with max contract players on their ledger, so Hardy’s willingness to sign for an average of $6MM per season was naturally an incentive for the Western Conference champions.

The Grimes news comes somewhat as a surprise, considering he was reportedly negotiating a three-year extension with Dallas. According to Marc Stein (Twitter link), despite some initial optimism, the two sides were unable to bridge a gap in their discussions during the final days leading up to Monday’s deadline.

Grimes, a late first-rounder in 2021, spent two-and-a-half seasons with the Knicks, then was dealt to the Pistons at the February trade deadline. Detroit included Grimes in the offseason Tim Hardaway Jr. deal.

Wizards Sign Corey Kispert To Four-Year Extension

October 21st, 2024 at 5:16pm CST by Luke Adams

5:16pm: Kispert’s extension is official, the Wizards announced in a press release.

“Corey is someone who positively impacts our environment daily. He consistently shows up for the organization as both a player and a teammate, embodying the passion and professionalism we value,” Dawkins said in a statement. “We are excited that he has the opportunity to continue his growth and development in Washington. He’s a relentless worker who has added to his game each season. We look forward to his further evolution in the coming years.”

3:53pm: The Wizards are signing swingman Corey Kispert to a four-year, $54MM rookie scale extension, agents Mark Bartelstein and Andy Shiffman tell Marc Stein (Twitter link).

The deal will include a team option on the fourth year, according to Josh Robbins of The Athletic (Twitter link).

Kispert, 25, has been a regular part of Washington’s rotation since being selected out of Gonzaga with the 15th overall pick in the 2021 draft. He averaged a career-high 13.4 points per game last season while also chipping in 2.8 rebounds and 2.0 assists in 25.8 minutes per night across 80 outings (22 starts).

Kispert’s calling card is his ability to knock down outside shots. Over the past two seasons, he has converted 40.2% of 5.6 three-point attempts per contest, making him a valuable floor-spacer.

Since Kispert was drafted by the Wizards’ previous front office, it wasn’t clear leading up to Monday’s extension deadline whether the current decision-makers would value him highly enough to sign him to a long-term deal.

However, president Michael Winger and general manager Will Dawkins showed last fall in extending Deni Avdija that they’re willing to lock up young talent if the price is reasonable, even if that player was a carryover from the previous regime and isn’t necessarily a lock to be in the team’s long-term plans — Avdija was traded this July.

It’s possible Kispert could eventually emerge as a trade candidate too for the rebuilding Wizards, though moving him in 2024/25 would be tricky due to the poison pill provision.

A full four-year mid-level exception contract in 2025 is projected to be worth just over $60MM, so Kispert’s contract will come in a little below that figure.

Pelicans, Trey Murphy Complete Four-Year Extension

October 21st, 2024 at 5:03pm CST by Luke Adams

5:03pm: Murphy has officially signed his contract, the Pelicans announced (via Twitter).

11:05am: The Pelicans have reached an agreement with Trey Murphy on a four-year rookie scale extension worth $112MM, agents Sean Kennedy and Jeff Schwartz tell Marc Stein (Twitter link).

The deal, which will begin in 2025/26 and will keep Murphy out of restricted free agency next summer, won’t include a player option, tweets Christian Clark of NOLA.com. It also doesn’t feature any incentives, per Shams Charania of ESPN (Twitter link).

The 17th overall pick in the 2021 draft, Murphy has emerged as an integral part of the Pelicans’ rotation. In 57 games last season, he set new career highs in points (14.8), rebounds (4.9), and assists (2.2) while knocking down 38.0% of 7.8 three-point attempts per game. The 24-year-old is quickly becoming one of the NBA’s most dangerous outside shooters, with a career rate of 39.2% from beyond the arc.

Murphy’s extension isn’t far off from the five-year, $135MM deal that Devin Vassell signed with the Spurs last October. Vassell’s contract features one extra year and a slightly lower average annual value ($27MM per year, compared to $28MM for Murphy).

Murphy is the sixth player to agree to a rookie scale extension in 2024, joining Scottie Barnes, Cade Cunningham, Evan Mobley, Franz Wagner, and Moses Moody. The deadline for those deals is now just a few hours away.

Signing Murphy to a rookie scale extension ensures that the Pelicans now have four of their core players – Murphy, Zion Williamson, Dejounte Murray, and Herbert Jones – locked up through at least 2027.

One notable exception is Brandon Ingram, who is entering the final year of a five-year, maximum-salary contract. As Bobby Marks of ESPN observes (via Twitter), after accounting for Murphy’s extension, New Orleans projects to be about $31MM below the tax line in 2025/26, so a new deal for Ingram would almost certainly push the club beyond that threshold. That will be an important factor to consider for a Pelicans team that has never been a taxpayer.

Murphy is expected to miss some time at the start of this season, according to Charania. The Pelicans announced 18 days ago that Murphy has a right hamstring strain and will be reevaluated in three weeks.

Hornets Claim Jared Rhoden, Convert Him To Two-Way Deal

October 21st, 2024 at 4:42pm CST by Dana Gauruder

5:29pm: The Hornets confirmed in a press release that they’ve claimed Rhoden and converted his Exhibit 10 contract to a two-way deal.

4:42pm: The Hornets have claimed Jared Rhoden off waivers, Michael Scotto of Hoops Hype tweets. He is expected to have his Exhibit 10 contract converted into a two-way deal, Scotto adds.

The Raptors placed Rhoden on waivers over the weekend. He had signed his camp deal in August and lost a battle to gain a two-way spot on Toronto’s roster.

Rhoden, 24, played the past two years on two-way contracts with the Pistons, appearing in 31 total games. Last season he averaged 4.9 points and 1.9 rebounds in 17 games while shooting 50% from the field and 38.7% from three-point range.

Charlotte has a two-way opening to fit Rhoden onto that portion of its roster. KJ Simpson and Moussa Diabate currently hold the other two two-way slots.