Transactions Rumors | Hoops Rumors

Clippers Re-Sign Ryan Hollins

July 10th, 2013 at 4:59pm CST by Chuck Myron

JULY 10TH: The Clippers have officially re-signed Hollins, according to a team release.

JULY 7TH: The Clippers will re-sign backup center Ryan Hollins, who's agreed to a one-year deal, tweets Marc J. Spears of Yahoo! Sports. The California native is represented by BDA Sports Management, according to the Hoops Rumors Agency Database.

Hollins, 28, averaged 3.4 PPG with 2.3 RPG for the Clippers last season in 11.1 minutes per contest. The big man is extremely well-traveled but his new deal with the Clippers means that he won't have to seek out a seventh NBA destination this year.

Zach Links contributed to this post.

Clippers Sign Darren Collison

July 10th, 2013 at 4:56pm CST by Spencer Lund

JULY 10TH, 4:56pm: Collison's deal with the Clippers is now official, the team announced today on its website.

JULY 6TH, 10:40pm: HoopsWorld's Eric Pincus says (via Twitter) that if Collison's reported $1.9MM salary is accurate, then Barnes' three-year deal is for $10MM and not the $11MM-12MM we reported yesterday.

10:12pm: Ramona Shelburne of ESPNLosAngeles.com offers some specifcs from cap guru Nick Silva regarding how much Barnes and Collison took from the MLE. She says Barnes signed for $3.25MM in the first year ($3,396,250 in the second and a non-guaranteed $3,542,500 in the third) and Collison the aforementioned $1.9MM (Twitter link).

8:59pm: According to Sam Amick of USA Today, Collison will make $1.9MM in the first year (Twitter), and as noted by Star-Telegram Mavs beat writer Dwain Price, that's less than half of the MLE (Twitter).

ESPNLosAngeles.com's Ramona Shelburne tells Marc Stein, that it's believed Matt Barnes took less from the Clippers in order to make the Collison deal happen (Twitter).

Collison is represented by BDA Sports Management, according to the Hoops Rumors Agency Database.

8:45pm: Sources reveal to ESPN.com's Marc Stein that Darren Collison will sign with the Clippers for a two-year deal with a player option for the second year (Twitter).

With no sign-and-trade option available between the Mavs and Clippers, Collison is opting to take a portion of the Clippers' Mid-Level Exception in order to go back to Los Angeles (Twitter).

Pelicans Sign Greg Stiemsma

July 10th, 2013 at 4:50pm CST by Luke Adams

4:50pm: The Pelicans have officially announced the signing of Stiemsma in a press release.

10:15am: The Pelicans have reached an agreement to sign Greg Stiemsma, according to agent Mark Bartelstein (Twitter link via Jeff Zillgitt of USA Today). The deal will be for one year and $2.7MM, says ESPN.com's Chris Broussard (via Twitter).

Stiemsma, 27, was released on the weekend by the Timberwolves, prior to his 2013/14 contract becoming guaranteed. However, based on the figure reported by Broussard, the big man seems to be in line for a salary nearly identical to what he would have earned anyway.

Stiemsma appeared in 76 games for the Wolves a year ago, averaging 4.0 PPG and 3.4 RPG as a center off the bench. For New Orleans, he'll serve as a de-facto replacement for Robin Lopez, who the Pelicans agreed to trade to Portland.

Sam Amick of USA Today first reported yesterday (via Twitter) that the Pelicans were among about 12 suitors for Stiemsma, while ESPN.com's Marc Stein tweeted earlier today that New Orleans appeared to be the frontrunner.

Warriors Add Andre Iguodala On Four-Year Deal

July 10th, 2013 at 4:45pm CST by Luke Adams

JULY 10TH: As we've noted in a pair of other posts, Iguodala's deal is now official, after he was incorporated into the three-way deal between the Warriors, Jazz, and Nuggets.

JULY 5TH: The Warriors have reached an agreement to sign Andre Iguodala to a four-year, $48MM deal, according to Adrian Wojnarowski of Yahoo! Sports (via Twitter).

With the Nuggets opposed to facilitating a sign-and-trade for Iguodala, the Warriors appear to be signing the free agent swingman using cap room. The team will clear a huge chunk of salary from their books by sending Andris Biedrins and Richard Jefferson, and Brandon Rush to the Jazz, which should be enough to clear the space necessary for Iguodala.

Iguodala had been pursued by the Kings and Nuggets, among other teams, before agreeing to terms with the Warriors. According to Wojnarowski (via Twitter), Denver made Iguodala a four-year, $52MM offer, and also proposed five-year scenarios, but the 29-year-old opted for Golden State instead. Earlier this week, the Kings made Iguodala a four-year offer reported to be in the $52-56MM range, but withdrew it before he made his decision.

Even after agreeing to sign Iguodala, the Warriors haven't dropped out of the race for Dwight Howard. A sign-and-trade is still a viable option if Howard wants to come to Golden State and the Lakers are willing to negotiate, particularly since the Warriors may be more open to moving Klay Thompson and/or Harrison Barnes once they lock up Iguodala.

Jazz Acquire Biedrins, Jefferson, Rush, Picks

July 10th, 2013 at 4:40pm CST by Luke Adams

JULY 10TH, 4:40pm: Utah's agreement with the Warriors has been finalized and has been rolled into a separate deal, both teams confirmed. The breakdown:

Utah receives Andris Biedrins, Richard Jefferson, Brandon Rush, two first-round picks (2014 and 2017 from Warriors), three second-round picks (2016 and 2017 from Warriors, 2018 from Nuggets), and cash (from Warriors).
Denver receives Randy Foye (via sign-and-trade) and a second-round pick (2018 from Warriors).
Golden State receives Andre Iguodala (via sign-and-trade) and Kevin Murphy.

JULY 5TH, 4:36pm: Both first-rounders the Jazz are acquiring in the deal will be unprotected, tweets Jody Genessy of the Deseret News.

4:01pm: The Warriors will send their 2014 and 2017 first-round picks to the Jazz, tweets Wojnarowski. Multiple second-rounders will also go to Utah in the deal, Wojnarowski adds (via Twitter).

3:27pm: Murphy will be sent to the Warriors in the trade, tweets Sam Amick of USA Today. Meanwhile, Wojnarowski tweets that multiple draft picks are headed to the Jazz, including a 2014 first-rounder.

3:23pm: Brandon Rush is also headed to Utah in the deal, according to Marcus Thompson of the Bay Area News Group. Shedding Rush's salary as well will give Golden State room under the cap to sign Iguodala.

Ken Berger of CBSSports.com adds (via Twitter) that the Warriors will receive a non-guaranteed contract from Utah in the trade. That player will be either Kevin Murphy or Jerel McNeal.

2:57pm: The Warriors have reached an agreement on a salary-dump trade with the Jazz, according to Adrian Wojnarowksi of Yahoo! Sports (via Twitter). Andris Biedrins and Richard Jefferson will be heading to Utah in the deal, reports TNT's David Aldridge (via Twitter).

Rumors relating to the Warriors' trade talks with the Jazz had been swirling all day, as Golden State looked for a way to clear cap space to make a run at Dwight Howard and/or Andre Iguodala. The team ended up reaching an agreement to bring Iguodala aboard, and hasn't been entirely ruled out of the race for Howard.

Nuggets Acquire Randy Foye In Three-Way Deal

July 10th, 2013 at 4:37pm CST by Luke Adams

WEDNESDAY, 4:37pm: The Nuggets and Jazz have issued press releases officially announcing the three-way deal. Denver will send the Jazz a future second-round pick, as previously reported, but will also receive a future second-rounder from the Warriors in the deal. As I predicted yesterday, Golden State's trade with Utah has also been rolled into this one. In all, the deal looks like this:

Utah receives Andris Biedrins, Richard Jefferson, Brandon Rush, two first-round picks (2014 and 2017 from Warriors), three second-round picks (2016 and 2017 from Warriors, 2018 from Nuggets), and cash (from Warriors).
Denver receives Randy Foye (via sign-and-trade) and a second-round pick (2018 from Warriors).
Golden State receives Andre Iguodala (via sign-and-trade) and Kevin Murphy.

TUESDAY, 3:30pm: The Nuggets, not the Warriors, will send the Jazz a 2018 second-rounder in the trade, according to Genessy (via Twitter).

This strongly suggests to me that the Warriors and Jazz will be folding their earlier agreement into this deal, since not doing so would mean there are no outgoing pieces coming from Golden State. As noted below, folding the two deals into one should allow the Warriors to keep a $11MM+ TPE rather than a $9MM one.

MONDAY, 3:20pm: The Warriors, Nuggets, and Jazz have agreed to a three-way trade that will send Randy Foye to Denver and Andre Iguodala to Golden State via sign-and-trades, according to Jody Genessy of the Deseret News. Genessy reports that the Jazz will receive a 2018 second-round pick from the Warriors in the deal. Adrian Wojnarowski of Yahoo! Sports reported late last night that the three teams were involved in "advanced discussions."

According to Wojnarowski's initial report, Foye will receive a three-year, $9MM contract from the Nuggets, with a team option on the third season. ESPN.com's Marc Stein first reported late last night that Foye and the Nuggets were closing in on a verbal agreement. Meanwhile, the deal will mean yet another pick headed to Utah from the Warriors, who are already set to send the Jazz multiple picks in another trade agreement.

Over the weekend, I explained why the Warriors would likely pursue a sign-and-trade agreement with Denver rather than sign Iguodala outright, despite having already agreed to a four-year contract with him. In that piece, I suggested that Golden State would take on Iguodala using the $11,046,000 trade exception the team will create by moving Richard Jefferson, allowing the club to retain its other TPEs and the full mid-level. However, by incorporating Utah into this deal, the Warriors may be able to combine their two agreements with the Jazz into one trade, allowing them to keep the slightly larger Jefferson TPE rather than the $9MM exception for Biedrins.

For Denver, the agreement will allow the team to add Foye and create a trade exception worth Iguodala's new salary. Since the Nuggets project to be an over-the-cap team, it looks like they'll have to use some of that Iguodala TPE in order to acquire Foye, but there still should be $8MM+ left on it when the dust settles.

Wizards Sign Martell Webster To Four-Year Deal

July 10th, 2013 at 4:18pm CST by Luke Adams

JULY 10TH, 4:18pm: The Wizards have officially announced Webster's signing in a press release.

JULY 2ND, 1:57pm: The fourth year of Webster's deal will be partially guaranteed, tweets Wojnarowski.

1:42pm: Wojnarowski reports (via Twitter) that Webster's deal with the Wizards will be worth $22MM over four years. So my prediction that the four-year agreement would probably mean a lower annual salary was way off.

Webster's contract will almost certainly use up Washington's entire mid-level exception, since, as we noted in an earlier post, a four-year deal worth the full MLE this summer will work out to $21,990,500. That means that the Wiz have already committed to using both their mid-level exception and their bi-annual exception (on Eric Maynor), so if the team hopes to add more free agents, it will have to be via sign-and-trade or the veteran's minimum.

1:35pm: The Wizards and Martell Webster have reached an agreement on a four-year deal, reports Adrian Wojnarowski of Yahoo! Sports (via Twitter). Multiple reports suggested yesterday that even after the Wizards drafted Otto Porter and Glen Rice Jr. last week, re-signing Webster was the team's top priority in free agency.

TNT's David Aldridge had indicated that Washington would likely use part, but not all, of its mid-level exception to bring back Webster. Considering the 26-year-old is receiving a four-year deal, I would guess the annual salary will be a little lower than if Webster had re-signed for just one or two years, though the terms of the agreement haven't been reported yet.

Webster signed a one-year contract worth $1.75MM with the Wizards last summer and enjoyed the most productive season of his eight-year career. In 76 games for Washington, the Relativity Sports client established new career-highs in PPG (11.4), 3PT% (.422), and PER (13.9), among other categories.

Bulls Sign Tony Snell, Erik Murphy

July 10th, 2013 at 4:17pm CST by Luke Adams

The Bulls have officially inked their pair of 2013 draft picks to deals, the team announced today in a press release. First-rounder Tony Snell will receive a standard rookie-scale contract, while Erik Murphy's years and dollars aren't known.

Snell, the 20th overall pick in the draft, should earn a first-year salary of about $1.41MM, as our chart of rookie cap holds shows. As the 49th overall pick, Murphy is likely in line for a minimum-salary contract. It may be for multiple seasons, though it's not a lock to be fully guaranteed.

Pelicans Re-Sign Al-Farouq Aminu

July 10th, 2013 at 4:09pm CST by Chuck Myron

JULY 10TH: The Pelicans have officially re-signed Aminu, the team confirmed today in a press release.

JULY 5TH: The Pelicans and Al-Farouq Aminu have agreed to a one-year, $3.7MM deal that will keep the small forward in New Orleans, tweets Adrian Wojnarowski of Yahoo! Sports. The team had prioritized an upgrade at small forward in the offseason, but with other major moves, including the acquisitions of Jrue Holiday and Tyreke Evans, it appears the Pelicans are content to bring back their incumbent starter at the three.

There hadn't been much talk about other teams interested in Aminu, a client of Raymond Brothers at IAM Sports & Entertainment. Still, the three-year veteran showed steady progress over his time in the league, averaging 7.3 points and 7.7 rebounds in his first year as a full-time starter in 2011/12. The Pelicans declined their fourth-year option on his rookie contract before this past season began, and they wound up agreeing to re-sign him at an amount roughly equivalent to his cap hold.

Warriors Pick Up 2014/15 Option On Mark Jackson

July 10th, 2013 at 3:58pm CST by Luke Adams

The Warriors have officially exercised their team option on head coach Mark Jackson for the 2014/15 season, the team announced today in a press release.

In 2012/13, Jackson led the Warriors to a 47-35 record and a sixth seed in the Western Conference. It was the team's first playoff berth since 2006/07, and only the second in the last 19 seasons. Overall, Jackson has a 70-78 record (.473) as the head coach of the Warriors, and has one postseason series victory under his belt.

While there have been some rumblings about a potential contract extension for Jackson, the team's decision to pick up his '14/15 option will keep him under contract for at least two more seasons, so there's no rush to negotiate a new deal. Jackson himself indicated last month that he isn't expecting to sign an extension this offseason.