Transactions Rumors | Hoops Rumors

Wizards Sign Eric Maynor

July 10th, 2013 at 11:58am CST by Chuck Myron

JULY 10TH, 11:58am: The Wizards have officially signed Maynor, according to the team (Twitter link).

JULY 1ST, 7:15pm: The deal will likely be a two-year pact for the bi-annual exception, with a player option in the final season, TNT's David Aldridge tweets. That would entail a starting salary of $2.016MM if Maynor gets the full value of the exception.

7:00pm: Eric Maynor and the Wizards have agreed to a multiyear deal, tweets Michael Lee of The Washington Post. The Wizards had been reaching out to reserve point guards, sources told HoopsWorld's Alex Kennedy earlier today (Twitter link), and they had interest in Beno Udrih, Darren Collison and John Lucas III in addition to Maynor, according to Lee. They contacted the representatives for Maynor, Collison and Lucas, according to Lee's sources, and they've also reached out to Garrett Temple while keeping A.J. Price on their radar.

The Andy Miller client hit the unrestricted free agent market when the Blazers decided against making him a qualifying offer, but over the course of the spring both Maynor and Portland had expressed interest in a return. It was the drafting of C.J. McCollum seemed to signal the end for Maynor with the Blazers, The Oregonian's Joe Freeman noted.

Maynor's best days were as a backup to Russell Westbrook in Oklahoma City, but he had trouble getting back on track after a torn ACL caused him to miss much of 2011/12. The Thunder shipped him to the Blazers at the deadline this past season, and now Maynor will serve as a backup for John Wall in Washington.

Knicks Acquire Andrea Bargnani

July 10th, 2013 at 11:07am CST by Zachary Links

JULY 10TH, 11:07am: The Knicks and Raptors have both confirmed that the deal is now finalized (Twitter links). Toronto receives Camby, Novak, Richardson, a 2016 first-round pick, and 2014 and 2017 second-rounders in exchange for Bargnani.

JUNE 30TH, 11:20pm: The Raptors just completed the deal that will send Bargnani to New York, a source told Marc J. Spears of Yahoo Sports (on Twitter). The deal cannot be officially made until July 10th, however.

9:38pm: Martin isn't interested in being sent to Toronto in a sign and trade deal, meaning that the Knicks will have to look elsewhere, tweets Marc Stein of ESPN.com. Earl Barron or Quentin Richardson are probably in line for a nice payday, but not a Keith Bogans-style one (link).

8:49pm: The deal will likely be made official on July 10th, tweets Jared Zwerling of ESPNNewYork.com. Marc Stein of ESPN.com tweets that a sign-and-trade of a minimum salary player such as Kenyon Martin or Pablo Prigioni would get the deal done.

8:33pm: The trade will not be approved by the league office tonight and as a result, the teams will have to restructure under 2013/14 cap figures, tweets Beck. Both sides are still motivated to do the deal, but it will have to be re-worked after July 1st. It's unclear at the moment as to why the league office shot the deal down (Twitter links).

6:33pm: The Raptors are getting the Knicks' 2017 second-round selection plus the 2014 second-round pick from OKC, according to Michael Grange of Sportsnet (on Twitter).

6:03pm: The Knicks will send a 2016 first round pick in the deal, according to Howard Beck of the New York Times (on Twitter). Frank Isola of the Daily News (on Twitter) points out that the deal must be finalized tonight for salary cap purposes. The Knicks will send not one, but two second-round picks to the Raptors in the trade, according to Adrian Wojnarowski of Yahoo Sports.

The Knicks have already traded their own second-rounders through 2016, so the second-rounders are probably be the Kings' 2014 pick (top-55 protected) and the Thunder's 2014 pick. Otherwise, it will involve one or both of the club's original 2017/2018 seletions.

5:50pm: The Knicks have agreed to a deal that will bring Andrea Bargnani to New York, a source tells Howard Beck of the New York Times (agreement news via Twitter). The Knicks will send Marcus Camby, Steve Novak, a first-round pick, and a second-round pick north of the border for the Italian big man. The deal has been agreed to but is awaiting final approval from the NBA (Twitter link).

Several teams have pursued Bargnani, but the Knicks recently emerged as the “strong favorites” to land him. The former No. 1 overall pick has career averages of 15.2 PPG and 4.8 RPG in seven NBA seasons. He's owed $22.25MM over the next two seasons.

Moving Barngani would be the first major move by new Raptors decision-maker Masai Ujiri. Outgoing GM Bryan Colangelo was open about his desire in past years to move Bargnani, but no deal ever materialized for him.

We heard earlier today that the Knicks were open to the idea of trading the sharpshooting Novak. The 30-year-old shot an eye-popping 47% from long range in 2011/12 but came back down to earth when he shot at a 42.5% clip from downtown last season. Novak will earn a combined $11MM over the next three seasons.

Camby, 39, returns back to the organization that drafted him in 1996. The shot-blocking big man has impressed in recent years with his tremendous rebounding but played in just 24 games for the Knicks last season. He'll earn $7.5MM between next season and 2014/15.

Bulls Sign Mike Dunleavy

July 10th, 2013 at 10:57am CST by Chuck Myron

JULY 10TH: The Bulls have officially signed Dunleavy, according to a press release from the team.

JULY 1ST: The Bulls and Mike Dunleavy have a verbal agreement on their rumored deal, tweets Marc Stein of ESPN.com. Chicago will likely bring the 32-year-old swingman aboard using their mini mid-level exception, as Adrian Wojnarowski of Yahoo! Sports pegged two years and $6MM as the terms of the agreement.

Dunleavy, who spent the past two seasons with the Bucks, spurns the Rockets, Mavs, Lakers Wolves and Knicks to head to Chicago, where he's reportedly intrigued with the idea of playing with Derrick Rose. He'll provide size, shooting and scoring punch off the bench for the Bulls, as the 6'9" Dunleavy has averaged double-figure scoring for nine of his 11 years in the league.

I looked at his free agent stock in the spring, figuring he and agent Arn Tellem might go for the mini mid-level with a contending team if his father didn't wind up with a coaching job somewhere. There are still a couple of head coaching vacancies, but it doesn't appear as though Mike Dunleavy Sr. will be getting back in the league this season.

Blazers Acquire Thomas Robinson

July 10th, 2013 at 10:54am CST by Zachary Links

JULY 10TH: The Blazers have formally finalized their acquisition of Robinson from the Rockets, according to team owner Paul Allen (via Twitter). The picks being sent to Houston will be a 2015 second-rounder from the Wolves or Nuggets (whichever pick is higher) and a 2017 second-rounder from the Blazers, tweets Jonathan Feigen of the Houston Chronicle.

JUNE 30TH: The Trail Blazers have agreed to acquire forward Thomas Robinson from the Rockets, according to Adrian Wojnarowski of Yahoo Sports. The deal allows Houston to clear enough cap space in order to offer a maximum contract to Dwight Howard.

Portland will send the Rockets the draft rights to Kostas Papanikolau and Marko Todorovic and two future second-round picks, league sources said. With the forward's salary now off of the books, the Rockets can offer Howard a four-year deal worth roughly $88MM in their meeting later tonight.

Robinson earns $3.5MM next season — not an unreasonable amount for a player with his potential, but too much for the Rockets as they need to squeeze in a max contract for this summer's top available big man. Houston also cut Aaron Brooks and Carlos Delfino loose last week in order to carve out space for D12.

The fifth overall pick in the 2012 draft averaged 4.8 PPG and 4.5 RPG in limited playing time last season. This is his second trade with the first coming at the deadline earlier this year, sending him from Sacramento to Houston.

Blazers Sign Dorell Wright

July 10th, 2013 at 10:53am CST by Zachary Links

JULY 10TH: The Blazers have officially signed Wright, according to team owner Paul Allen (via Twitter).

JULY 6TH: The Blazers have reached agreement on a two-year deal with Dorell Wright, according to Adrian Wojnarowski of Yahoo Sports. The pact will give the small forward a total of $6MM, Wojnarowski adds, and USA Today's Sam Amick reports that it includes no options and is fully guaranteed (Twitter link).

The Oregonian's Jason Quick heard last night that the Blazers were among several teams pursuing the Greg Lawrence client. The Thunder reportedly offered Wright his pick of contracts for either one or two years, and the Blazers did something similar, according to Marc J. Spears of Yahoo! Sports, who named the Spurs, Grizzlies and Mavericks as some of Wright's other suitors. The Wolves also appeared to be in the mix.

Wright spent last season with Philadelphia, where he came off the bench after spending two seasons as the starting small forward for the Warriors. His 37.4% three-point shooting was slightly above his career average of 36.7%, but his field goal shooting as a whole was just 39.6%, his lowest since a three-game cameo with the Heat as a 19-year-old rookie in 2004/05.

The free agent signing is the first of the summer for Portland, which has instead used its cap space to acquire Robin Lopez and Thomas Robinson via trade. The drafting of C.J. McCollum put together with these moves figures to boost the team's bench, which had been Portland's main weakness last year.

Chuck Myron contributed to this post.

Hawks Sign Paul Millsap To Two-Year Deal

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

JULY 10TH: The Hawks have officially signed Millsap, the team announced today in a press release.

JULY 5TH: The Hawks have agreed to a deal with power forward Paul Millsap, tweets Chris Vivlamore of the Atlanta Journal-Constitution. It's a two-year deal, Vivlamore adds via Twitter. Alex Kennedy of HoopsWorld first reported the two sides were in serious discussions. The pact will total $19MM, according to Bill Oram of The Salt Lake Tribune (Twitter link).

Millsap, a client of agent DeAngelo Simmons, gets a slight bump from his $8.6MM salary this past season, and presumably will be playing power forward next to Al Horford in Atlanta. Horford is one of just three returning Hawks players who entered the summer with guaranteed contracts, though Atlanta re-signed Kyle Korver earlier this week. The Hawks, armed with plenty of cap space, figure to be active now that Dwight Howard is heading to Houston instead of his hometown, and the team has already been linked to a possible sign-and-trade involving Josh Smith and Omer Asik.

The Jazz renounced their rights to Millsap earlier today after absorbing the expiring contracts of Richard Jefferson, Andris Biedrins and Brandon Rush. That rendered Utah unable to make a competitive bid to retain Millsap, since the Jazz are up against the cap.

Pelicans Waive Lance Thomas

July 10th, 2013 at 9:56am CST by Luke Adams

The Pelicans have officially released Lance Thomas, the team announced today in a press release. Thomas had been on a non-guaranteed minimum-salary contract with New Orleans.

Thomas, 25, has appeared in 101 games for New Orleans over the last two seasons, including 59 in 2012/13. The 6'8" forward wasn't owed any guaranteed money yet for the coming season, so the Pelicans won't take a cap hit for releasing him. His contract would have become fully guaranteed if he had not been waived on or before September 1st.

For the Pelicans, waiving Thomas looks like a cap-clearing move, as the team prepares to make its deals for Tyreke Evans and others official.

Thunder Sign Andre Roberson

July 10th, 2013 at 9:44am CST by Luke Adams

The Thunder have formally signed first-round pick Andre Roberson to a rookie-scale contract, according to RealGM.com's transactions log.

Roberson, 21, was selected 26th overall by Oklahoma City last month, after the club moved up three spots to snag him. The 6'7" forward averaged a double-double in his junior year at Colorado, recording 10.9 PPG to go along with 11.2 RPG.

Roberson will likely receive a first-year salary of about $1.11MM, 120% of his rookie-scale cap hold.

Clippers Sign Reggie Bullock

July 10th, 2013 at 9:41am CST by Luke Adams

The Clippers have officially signed Reggie Bullock, according to RealGM.com's transactions log. Bullock, a 6'7" shooting guard out of UNC, was selected 25th overall by Los Angeles in last month's draft.

Assuming the club and Bullock agreed to the 120% max of the rookie-scale amount, the standard rate for first-round picks, the 22-year-old will be in line for a first-year salary of $1,149,000, as our chart shows.

Knicks Re-Sign Pablo Prigioni

July 10th, 2013 at 9:34am CST by Luke Adams

JULY 10TH, 9:34am: The Knicks have officially re-signed Prigioni, the team announced today (Twitter link).

JULY 4TH, 12:01pm: Prigioni's starting salary will be around $1.5MM, with the possibility of an increase to $2MM based on incentives, tweets Ian Begley of ESPNNewYork.com.

11:56am: Prigioni's deal with the Knicks will be for three years and $6MM, according to Shams Charania of RealGM.com (via Twitter). Charania adds that the third year will be partially guaranteed.

If that $6MM overall figure is accurate, it means Prigioni's first-year salary will be close to $2MM, which will take a more significant chunk out of the team's MLE than was anticipated.

11:44am: Pablo Prigioni has reached an agreement with the Knicks that will see him return to New York, his agent tells Jared Zwerling of ESPNNewYork.com (Twitter link). We had heard earlier today that the Knicks, who had an offer on the table for Prigioni, were likely to re-sign the veteran point guard.

According to that earlier report from Marc Berman of the New York Post, New York had offered Prigioni a two-year deal worth about $2.3MM. While it's not clear yet if those are the terms the two sides agreed to, such a deal would force the Knicks to use a portion of their mini mid-level exception. A first-year salary in the neighborhood of $1.15MM for Prigioni would leave the club with about $2MM of its $3.18MM MLE to use on another player.

The deal is the second of the day for the Knicks, who also reached an agreement on a four-year contract for J.R. Smith. Although the team was able to secure commitments from Prigioni and Smith, New York is unlikely to re-sign Chris Copeland. Copeland is believed to have at least three rival offers on the table, and the Knicks' only means of matching those offers would involve using their mid-level. Assuming just $2MM of that MLE remains, Copeland would almost certainly have to accept a discount to remain with the Knicks.

As for Prigioni, after spending most of his playing career overseas, the Argentinian guard joined the Knicks last season as a 35-year-old rookie. The AAI Sports client averaged 3.5 PPG and 3.0 APG in 78 contests (16.2 MPG) for the club.