Transactions Rumors | Hoops Rumors

Blake Wesley Agrees To Buyout With Wizards

July 19th, 2025 at 5:36pm CST by Arthur Hill

Newly acquired Blake Wesley will become a free agent after agreeing to a contract buyout with the Wizards, sources tell Michael Scotto of HoopsHype (Twitter link). The team has confirmed (via Twitter) that the buyout has been finalized.

The 22-year-old shooting guard came to Washington earlier this month along with Malaki Branham in a deal that sent Kelly Olynyk to San Antonio. However, he faced a difficult road to earn regular minutes on a roster filled with young players. There’s no word yet on how money he gave back on his $4,726,328 contract for the upcoming season.

Wesley expects to sign with another team, adds Scotto, who notes that the former first-rounder is an effective perimeter defender and shot 37% from three-point range in the second half of the season.

Wesley was selected with the 25th pick in the 2022 draft and spent his first three years with the Spurs. He appeared in 58 games last season, averaging 3.7 points, 1.1 rebounds and 2.0 assists in 11.8 minutes per night with .435/.293/.623 shooting splits.

The agreement with Wesley, along with the buyout of Marcus Smart and the release of Richaun Holmes, have helped to clear up a roster crunch that the Wizards were experiencing. Once the moves become official, they’ll be down to 14 fully guaranteed contracts, plus Justin Champagnie, who has a $2.4MM non-guaranteed deal and Anthony Gill, who is expected to re-sign.

Bulls Sign Yuki Kawamura To Two-Way Deal

July 19th, 2025 at 3:52pm CST by Luke Adams

3:52 pm: The Bulls have officially confirmed their two-way deal with Kawamura, announcing in a press release that Young has been waived to open up a two-way spot for the newcomer.

3:33 pm: The Bulls will be making a change to one of their two-way contract slots, according to Shams Charania of ESPN (Twitter link), who reports that free agent point guard Yuki Kawamura has agreed to a two-way deal with the team.

Chicago doesn’t currently have a two-way opening, with Jahmir Young, Emanuel Miller, and second-round pick Lachlan Olbrich occupying those three roster spots, so one of them will need to be waived, promoted, or traded in order to make room for Kawamura.

Kawamura, 24, arrived stateside in 2024 after playing professionally for several seasons in his home country of Japan. The 5’8″ guard signed a two-way contract with Memphis and spent 2024/25 with the Grizzlies, though his playing time at the NBA level was limited — he logged just 93 total minutes across 22 appearances.

Kawamura was more of a featured player for the Memphis Hustle in the G League, averaging 31.6 minutes per game across 31 outings. He put up 12.7 points, 8.5 assists, and 3.1 rebounds per contest, with a shooting line of .383/.365/.761.

After not receiving a qualifying offer from the Grizzlies, Kawamura became an unrestricted free agent and caught on with the Bulls for Summer League. In five appearances in Las Vegas, he averaged 10.2 points, 6.2 assists, and 2.2 steals per game while making 41.7% of his three-point tries, earning himself a two-way offer.

A two-way deal will allow Kawamura to appear in up to 50 regular season games with the Bulls. If he remains under contract through the league-wide salary guarantee deadline in January, he would earn $636,435, which is 50% of this season’s rookie minimum salary.

Keaton Wallace Signs Two-Way Contract With Hawks

July 18th, 2025 at 7:07pm CST by Eli Cohen

Keaton Wallace has signed his two-way qualifying offer with the Hawks, reports Lauren Williams for the Atlanta Journal-Constitution (via Twitter).

Wallace had been extended a two-way qualifying offer earlier in the summer, which is equivalent to a one-year, two-way deal with $85,300 in guaranteed money.

Wallace, the older brother of the Thunder’s Cason Wallace, played 31 games for Atlanta last season and averaged 5.4 points and 2.6 assists in 16.2 minutes per night. In the five games he started, he averaged 13.8 points, 8.4 assists, 4.8 rebounds, and 2.2 steals, though he shot 29.4% from three in those games and 32.9% from three for the season.

The Hawks have had a productive offseason, bringing in a multitude of contributors, including Kristaps Porzingis, Nickeil Alexander-Walker, Luke Kennard, and rookie Asa Newell, but while the team has become very deep on the wing, Wallace provides some needed depth at the point guard spot behind Trae Young and Kobe Bufkin.

Bradley Beal Signs With Clippers

July 18th, 2025 at 5:20pm CST by Eli Cohen

Bradley Beal has officially signed with the Clippers, reports Law Murray of The Athletic (via Twitter). Beal cleared waivers at 4:00 pm Central time on Friday after having been officially waived by the Suns on Wednesday.

As previously reported, Beal’s deal with L.A. uses the remainder of the team’s mid-level exception. It’s worth $5,354,000 in year one, followed by a $5,621,700 player option for 2026/27.

“Players of this caliber are very rare, and they’re hard to come by,” Clippers coach Ty Lue said in a press release announcing the deal. “You can put him in so many different spots and he’ll find ways to score: out of pick-and-roll, coming off screens, catch-and-shoot. He can create his own or he can play off the ball. He’s a great cutter. He’s also a great playmaker who is going to make everybody else better. I’m excited he’s with us.”

In a conversation with Mark Medina of Sportskeeda, Beal’s agent Mark Bartelstein said, “The Clippers want the most aggressive and dynamic version of Brad. That’s music to his ears.”

Beal averaged 17.0 points and 3.7 assists per game last season for the Suns while splitting time between the starting lineup and a reserve role. The career 37.6% three-point shooter will join a Clippers team that has loaded up its bench with accomplished veterans like John Collins and Brook Lopez as they look to cement themselves as a contender around star Kawhi Leonard.

Hornets Sign Drew Peterson To Two-Way Contract

July 16th, 2025 at 8:33pm CST by Luke Adams

July 16: Peterson’s two-way deal with Charlotte is now official, according to NBA.com’s transaction log.

July 15: Free agent forward Drew Peterson has agreed to a deal with the Hornets, according to Shams Charania of ESPN (Twitter link), who hears from agents Mike Silverman and Troy Payne that their client will sign a two-way contract with Charlotte.

Peterson, who went undrafted out of USC in 2023, initially signed an Exhibit 10 contract with Miami, but has spent most of his two professional seasons on two-way deals with Boston. The 25-year-old first signed with the Celtics in December 2023 and has since appeared in 28 NBA games, averaging 2.3 points and 1.5 rebounds in 7.5 minutes per night.

While Peterson’s NBA appearances have mostly been limited to garbage time, he has played a far more significant role at the G League level for the Maine Celtics. In 2024/25, across 25 total Tip-Off Tournament and regular season outings, the 6’9″ forward averaged 18.1 points, 6.6 rebounds, 5.0 assists, and 1.5 steals in 33.8 minutes per game, with a shooting line of .438/.374/.891.

The Celtics opted not to tender Peterson a qualifying offer last month, so he became an unrestricted free agent on July 1, free to sign with any team. He’ll become the third Hornet on a two-way contract, joining KJ Simpson and Damion Baugh, as our tracker shows.

It will be a reunion for Peterson and Hornets head coach Charles Lee, who was an assistant in Boston during the forward’s first year with the Celtics.

Bucks Re-Sign Chris Livingston

July 16th, 2025 at 3:55pm CST by Luke Adams

3:55 pm: Livingston’s deal with the Bucks is now official, per a press release from the team.

1:40 pm: After being waived by the Bucks two weeks ago, former second-round pick Chris Livingston has reached an agreement to return to Milwaukee, according to Shams Charania of ESPN (Twitter link). Agents Rich Paul and Brandon Cavanaugh of Klutch Sports tell Charania that Livingston is signing a one-year, minimum-salary contract with the Bucks that will be fully guaranteed.

The 58th overall pick in 2023 out of Kentucky, Livingston struggled to earn minutes over the course of two seasons in Milwaukee, making just 42 total appearances and averaging 1.3 points and 1.3 rebounds in 4.7 minutes per game.

The 21-year-old showed some promise at the G League level. In 18 outings for the Wisconsin Herd in 2024/25, he averaged 18.1 points, 8.2 rebounds, 2.0 assists, and 1.1 steals in 29.5 minutes per game, with a shooting line of .485/.301/.828.

As Charania observes (via Twitter), Livingston also made a strong case in Summer League for a new deal after being waived early this month to help maximize Milwaukee’s cap space. In three games for the Bucks in Las Vegas, the 6’6″ forward has averaged 20.0 points, 5.3 rebounds, and 2.7 rebounds per contest while shooting 50.0% from the floor and 37.5% on three-pointers.

Once the Bucks’ reported deals with Livingston and Cole Anthony are complete, the club will have 14 players with guaranteed salaries, plus Andre Jackson on a partially guaranteed contract.

Bucks Sign Cole Anthony

July 16th, 2025 at 3:38pm CST by Luke Adams

The Bucks have officially signed free agent guard Cole Anthony, the team announced today in a press release. The move had been expected since Anthony reached a buyout agreement with the Grizzlies, who waived him over the weekend.

Anthony, 25, spent the first five years of his NBA career in Orlando, appearing in a total of 320 regular season games (125 starts) with the Magic. He saw his role cut back in 2024/25, however, setting new career lows in points (9.4) and minutes (18.4) per game, among other categories.

Prior to last season, Anthony had career averages of 13.4 points, 4.6 rebounds, and 4.1 assists in 26.5 minutes per contest, with a shooting line of .418/.343/.851.

The Magic sent Anthony and Kentavious Caldwell-Pope to Memphis last month in a trade for Desmond Bane, but the former UNC guard wasn’t in the Grizzlies plans after they agreed to sign Ty Jerome in free agency. Memphis’ buyout of Anthony – who gave up $2MM of his $13.1MM expiring contract – helped the club create the cap room necessary to renegotiate Jaren Jackson Jr.‘s contract.

In Milwaukee, Anthony should have a path to rotation minutes in a backcourt that no longer features star point guard Damian Lillard. Kevin Porter Jr. and Ryan Rollins figure to be Anthony’s top competition for playing time at the point this fall.

While Anthony’s agreement with the Bucks was reported to be a one-year deal, it’s unclear if he signed for the minimum or if he’ll get the remainder of the team’s room exception — Milwaukee still had about $3.65MM left on that exception after using a portion of it to re-sign Porter.

Bradley Beal Agrees To Buyout With Suns, Plans To Sign With Clippers

July 16th, 2025 at 12:36pm CST by Luke Adams

Veteran guard Bradley Beal has reached an agreement on a buyout with the Suns and will be placed on waivers, reports Shams Charania of ESPN (Twitter link).

Once he clears waivers and becomes a free agent, Beal intends to sign with the Clippers on a two-year, $11MM deal that will include a second-year player option, agent Mark Bartelstein tells Charania.

A buyout had long been the anticipated outcome for Beal, with John Gambadoro of Arizona Sports 98.7 suggesting back in April that there was a “zero percent chance” of the three-time All-Star returning to Phoenix for the 2025/26 season. While the Suns explored trade options for Beal, his two-year, $111MM contract and no-trade clause made it virtually impossible for the team to move him, so the two sides began discussing a buyout early in free agency.

As we wrote at that time, in order for the Suns to use the stretch provision on Beal and spread out his remaining salary across five seasons (instead of two), he would have to give back roughly $13.88MM in a buyout agreement — a team isn’t permitted to carry stretched salary totaling more than 15% of the salary cap, and Phoenix had previously used the stretch provision on Nassir Little and E.J. Liddell.

According to Fred Katz of The Athletic (Twitter link), Beal will indeed give back that required $13.88MM in the buyout agreement, giving the Suns the option of stretching his $96.9MM in remaining salary. And they’re virtually certain to take that path, tweets Gerald Bourguet of PHNX Sports.

The Suns had been operating over the second tax apron this offseason, but reducing Beal’s 2025/26 cap hit from about $53.67MM to $19.38MM won’t just move them out of second-apron territory — as cap experts Bobby Marks and Yossi Gozlan detail (all Twitter links), Phoenix can get all the way below the luxury tax line as a result of the buyout. That would eliminate an estimated $176MM in tax penalties and unlock a handful of restrictions related to trades and free agency, including the use of the non-taxpayer mid-level exception.

As Gozlan notes, the Suns figure to move slightly back over the tax line once they add a 14th man to replace Beal, but they’ll be in position to duck the tax with a minor roster move later in the season. Previous reporting indicated that Phoenix will likely use the roster spot being vacated by Beal on a point guard or combo guard.

As a result of being waived, Beal will no longer hold his no-trade clause, and he won’t immediately make back the money that he’s giving up in his buyout agreement. However, according to Charania (Twitter links), the 32-year-old became increasingly excited about the possibility of reaching free agency after meeting with multiple interested teams in recent weeks, a process spearheaded by Bartelstein with the approval of the Suns.

The Clippers were reported last week to be the favorites to land Beal following the trade that sent Norman Powell to Miami. Beal will take that newly opened spot in L.A.’s backcourt and will be signed using the remainder of the club’s mid-level exception. Brook Lopez received $8.75MM of that $14.104MM exception, leaving $5,354,000 for Beal. That will be his first-year salary, followed by a $5,621,700 player option for 2026/27.

The signing will leave the Clippers roughly $3.5MM below their first-apron hard cap, with 13 players under contract, tweets Keith Smith of Spotrac. That means, barring cost-cutting moves, the club won’t be able to carrying a 15th man to open the season, since a veteran-minimum deal counts toward the cap for about $2.3MM.

While Beal’s value has taken a hit in recent years due to his maximum-salary contract and some injury issues, he has continued to be one of the NBA’s efficient backcourt scorers when he’s healthy. Across two seasons in Phoenix, he averaged 17.6 points, 4.3 assists, and 3.9 rebounds per game on .505/.407/.808 shooting in 106 outings (91 starts).

Julius Randle Signs Three-Year Contract With Timberwolves

July 16th, 2025 at 10:28am CST by Luke Adams

July 16: Randle’s new deal with the Timberwolves has been officially finalized, according to NBA.com’s transaction log.

June 29: The Timberwolves and forward Julius Randle have agreed to terms on a multiyear deal, sources tell Shams Charania of ESPN (Twitter link).

The new contract will replace Randle’s player option for 2025/26 and will be worth $100MM over three years, according to Charania, who reports that it will include a third-year player option for ’27/28.

After being sent from the Knicks to the Timberwolves in the Karl-Anthony Towns blockbuster right at the start of training camp last fall, Randle took some time to adjust to the change of scenery and didn’t score or shoot as much during his first year as a Timberwolf as he had gotten accustomed to during his years in New York.

However, the 30-year-old ultimately had another productive season as a scorer, rebounder, and play-maker in Minnesota, putting up averages of 18.7 points, 7.1 rebounds, and 4.7 assists per game in 69 outings, with a shooting line of .485/.344/.806. The Timberwolves were 44-25 during the regular season in games he played and 5-8 in the ones he missed.

Randle’s deal is the second major contract agreement the Timberwolves have reached with a member of their frontcourt between the end of the draft and the official start of free agency. Minnesota also struck a five-year, $125MM deal with Naz Reid.

The two contracts will push the Wolves’ team salary to the brink of the second tax apron for 2025/26, and I expect the club will be reluctant to surpass that threshold again after operating as a second-apron team in ’24/25. That means free agent guard Nickeil Alexander-Walker will end up elsewhere, as Jon Krawczynski of The Athletic confirms (via Twitter).

Hornets Waive Josh Okogie

July 15th, 2025 at 3:30pm CST by Dana Gauruder

The Hornets have waived Josh Okogie, Rod Boone of the Charlotte Observer reports. Okogie’s $7.7MM salary for next season would have been guaranteed if he had remained on the roster beyond Tuesday.

Charlotte had looked to trade the wing but couldn’t find a partner, Boone writes. The two sides agreed to push back Okogie’s guarantee date beyond the original June 30 deadline to give the front office more time to seek a trade involving the 27-year-old wing.

Okogie appeared in a total of 40 games last season (15.6 minutes per contest), averaging 7.1 points, 2.8 rebounds and 1.2 steals on .448/.348/.741 shooting. Okogie was acquired by the Hornets, along with three second-round picks, from Phoenix for Nick Richards in January. He appeared in 16 games (six starts) with Charlotte, averaging 8.9 PPG and 2.7 RPG.

Charlotte has to make several more moves to ease its roster crunch. The Hornets will still have 18 players on standard contracts and all three of their two-way spots are filled once Drew Peterson‘s two-way deal is official.

DaQuan Jeffries, who also doesn’t have a guaranteed contract, and Nick Smith Jr. are among the players who could lose their spots if the Hornets don’t make more trades.