Transactions Rumors | Hoops Rumors

Nets, Jalen Wilson Finalize Three-Year Contract

March 1st, 2024 at 5:45pm CST by Luke Adams

5:45pm: Wilson’s deal is now official, according to a press release from the Nets.

2:50pm: Wilson’s deal will include a partial guarantee for 2024/25 and a team option on the ’25/26 season, league sources tell Michael Scotto of HoopsHype (Twitter link).

2:16pm: The Nets are promoting Jalen Wilson from his two-way contract and will give him a spot on their standard 15-man roster, according to Shams Charania of The Athletic, who reports (via Twitter) that the rookie forward will sign a new three-year deal.

After winning a national championship with Kansas in 2022, Wilson led the Jayhawks in scoring (20.1 PPG) and rebounding (8.3 RPG) as a redshirt junior in 2022/23. He was named a first-team All-American and the Big 12 Player of the Year before entering the 2023 draft, where he was selected with the No. 51 overall pick by the Nets.

Wilson didn’t play much at the NBA level earlier this season but impressed in the G League with the Long Island Nets, averaging 19.3 points, 7.6 rebounds, and 3.2 assists in 33.0 minutes per game across 22 appearances in the Showcase Cup and NBAGL regular season. He posted a shooting line of .471/.380/.745 in those contests.

Wilson’s strong play with Long Island has helped earn him a spot in Brooklyn’s rotation in recent weeks. Since February 6, he has played in all 10 of the Nets’ games, averaging 5.5 PPG, 2.6 RPG, and 1.5 APG on .444/.500/.667 shooting in 18.9 MPG.

The Nets have an open spot on their 15-man roster, so no corresponding move will be required to make room for Wilson. Once his promotion is official, the club will have an open two-way slot and will face a March 4 deadline to fill it.

Brooklyn will use a portion of its mid-level exception in order to sign Wilson to a contract exceeding two seasons. Additional details on the deal aren’t yet known.

Wizards Convert Eugene Omoruyi To Standard Contract

March 1st, 2024 at 5:21pm CST by Rory Maher

The Wizards have officially converted Eugene Omoruyi‘s two-way deal into a standard contract, the team announced in a press release. ESPN’s Adrian Wojnarowski was the first to report the news, indicating that it’s a two-year pact (Twitter link).

Ava Wallace of The Washington Post suggested last week that Omoruyi looked like a strong candidate to be promoted to a standard deal, and now that has come to fruition.

A 6’7″ forward who went undrafted out of Oregon in 2021, Omoruyi holds three seasons of NBA experience, having made previous stops with Dallas, Oklahoma City and Detroit before catching on with Washington last summer. The 27-year-old has appeared in 27 games for the Wizards in 2023/24, averaging 4.6 points and 2.1 rebounds in 7.6 minutes per night.

In addition to his NBA minutes, Omoruyi has also played 12 total games for Washington’s G League affiliate, the Capital City Go-Go, averaging 20.2 points, 7.3 rebounds, 2.3 assists and 1.4 steals.

Omoruyi will technically be the Wizards’ 15th player on a standard deal, at least for one day — Justin Champagnie‘s 10-day contract expires on Saturday night. If they don’t re-sign Champagnie, they’ll be back down to 14 players on standard contracts at that point, with one two-way opening.

Marcus Morris Finalizes Buyout Agreement With Spurs

February 29th, 2024 at 5:31pm CST by Dana Gauruder

5:31pm: The Spurs have officially waived Morris, the team announced in a press release.

4:07pm: Marcus Morris and the Spurs have agreed to a buyout, The Athletic’s Shams Charania tweets.

Morris will hit the waiver wire before the Friday night deadline for free agents to be eligible for the postseason. He can now look for an opportunity to join a playoff contender.

Morris was dealt from Philadelphia to San Antonio at the trade deadline in a three-team swap involving the Sixers, Pacers and Spurs. It was expected he’d get a buyout from San Antonio, which sits at the bottom of the Western Conference standings.

Morris won’t be able to return to Philadelphia this season. He also can’t sign with the Celtics, Nuggets, Warriors, Clippers, Heat, Bucks and Suns since those teams have salaries above the first or second tax aprons.

Morris was on an expiring $17.1MM contract this season. That figure is well above the mid-level exception ($12.4MM), which makes teams above the tax aprons ineligible to sign him under the CBA rules.

A couple of weeks ago, former teammate Patrick Beverley (Twitter link) said Morris was leaning toward the Timberwolves if he was bought out.

Morris didn’t suit up for San Antonio. He appeared in 37 games with Philadelphia this season, including seven starts. The 34-year-old averaged 6.7 points and 2.9 rebounds in 17.2 minutes before the trade to San Antonio.

Morris started regularly for the Clippers the past three-plus seasons before being sent to the Sixers as part of the James Harden trade in November. He has averaged 12.1 points and 4.5 rebounds in 820 career games. He’s a career 37.7% 3-point shooter, which should add to his appeal once he clears waivers.

Hawks Waive Patty Mills, Convert Trent Forrest To Standard Deal

February 29th, 2024 at 12:30pm CST by Arthur Hill

12:30pm: The Hawks have officially waived Mills, the team announced in a press release. Forrest’s promotion to the standard roster is also official, the club confirmed in a second release.

8:14am: The Hawks will place veteran guard Patty Mills on waivers, sources tell Shams Charania of The Athletic (Twitter link).

Mills, 35, was traded three times last July before winding up in Atlanta. He has appeared in just 19 games this season and hasn’t played since February 7.

In his 15th NBA season, Mills is averaging 2.7 points, 1.1 rebounds and 0.7 assists in 10.6 minutes per night, but he’s shooting 38.2% from three-point range, so he could have value for a contending team seeking an experienced shooter.

Assuming Mills is waived by the end of the day on Friday, he will be eligible to appear in the playoffs if he signs with another club by the end of the season. He has a $6.8MM expiring contract, so the Hawks won’t owe him any money beyond this season.

The Hawks will use the open roster spot to convert two-way guard Trent Forrest to a standard NBA contract, Charania tweets. The move will make Forrest eligible to play again — he had already reached his limit of 50 active games as a two-way player, even though he has only appeared in 20 of them, averaging 2.0 points, 1.3 rebounds and 2.1 assists in 10.5 minutes per night off Atlanta’s bench.

Forrest, 25, is in his second season with Atlanta after signing a two-way deal with the team in the summer of 2022. Prior to that, he spent two years in Utah.

The Hawks now have a full 15-man roster and a two-way opening that can be filled through March 4.

Mike Muscala Finalizes Buyout With Pistons

February 28th, 2024 at 4:05pm CST by Dana Gauruder

February 28: The buyout is now official and Muscala has been placed on waivers, the Pistons announced in a press release (Twitter link).

February 27: Veteran forward Mike Muscala is finalizing a buyout with the Pistons, ESPN’s Adrian Wojnarowski tweets. Muscala has some playoff contenders interested in signing him, Wojnarowski adds.

A player on an NBA contract must be waived by the end of the day on Friday in order to retain his playoff eligibility. As our Buyout Market Watch shows, Muscala will join several other veterans recently waived who are seeking to sign with a team in the postseason hunt.

Muscala, 32, had the misfortune of playing for the league’s two worst teams this season. He appeared in 24 games with the Wizards before he was dealt in mid-January to Detroit. Muscala has made 13 games appearances with the Pistons, including four starts, averaging 3.5 points and 2.2 rebounds in 13.2 minutes per night.

Muscala can play either power forward or small-ball center and his 37.6% career three-point percentage could make him a valuable bench piece for a team looking for frontcourt depth.

Muscala was on an expiring $3.5MM contract this season and will be an unrestricted free agent this summer. He has $905,000 remaining on this year’s salary, ESPN’s Bobby Marks tweets, so he’ll presumably be giving up a portion of that figure as part of his buyout agreement.

The other forward Detroit acquired in the deal with Washington, Danilo Gallinari, was waived after the trade deadline and joined the Bucks.

Hornets Sign Aleksej Pokusevski

February 28th, 2024 at 11:19am CST by Luke Adams

FEBRUARY 28: The Hornets have officially signed Pokusevski, the team announced today in a press release. Charlotte terminated Bolden’s 10-day contract early in order to open up a roster spot (Twitter link).

FEBRUARY 27: The Hornets are expected to sign forward Aleksej Pokusevski, according to ESPN’s Adrian Wojnarowski (Twitter link). Pokusevski became a free agent after being cut by the Thunder last Friday and clearing waivers on Sunday.

The No. 17 overall pick in the 2020 draft, Pokusevski showed plenty of promise in his first three-and-a-half NBA seasons in Oklahoma City, but his development was hindered by health issues. He was limited to just 34 games (25 starts) in 2022/23 due largely to a leg fracture that sidelined him for about three months, then broke his arm during a workout in the spring of 2023 and sprained his ankle this past September.

Pokusevski got off to a strong start in ’22/23, averaging 8.1 points, 4.7 rebounds, and 1.3 blocks in 20.6 minutes per game across his 34 appearances, with career-best shooting rates of 43.4% from the field and 36.5% from the three-point line. But those injuries ended the seven-footer’s season early and he only saw garbage-time action in 10 games this season for the Thunder, logging 60 total minutes.

While Pokusevski theoretically could’ve been included in the trade that sent Gordon Hayward to Oklahoma City earlier this month, the Hornets instead acquired Tre Mann, Vasilije Micic, and Davis Bertans in that deal. The Thunder subsequently waived the 22-year-old, who was on an expiring $5MM contract and was no longer part of their future plans.

Now the Hornets are in position to add Pokusevski at a lower cost, though the exact details of his new deal have yet to be reported, so it’s unclear if he’ll earn more than the minimum or if the team will get any control beyond this season.

Charlotte currently has a full 15-man standard roster. However, one of the team’s 15 players – Marques Bolden – is on a 10-day contract that will expire this Thursday night. Pokusevski figures to take Bolden’s roster spot, either after that 10-day deal expires or perhaps earlier, if the Hornets terminate it before the 10-day mark.

Despite a recent hot streak, the Hornets remain well out of the Eastern Conference play-in picture at 15-42, so they’ll be able to use the final month-and-a-half of the season to get a look at Pokusevski in relatively low-stakes games.

Cavaliers Sign Sharife Cooper To 10-Day Deal

February 26th, 2024 at 12:45pm CST by Rory Maher

The Cavaliers have signed free agent Sharife Cooper to a 10-day contract, according to NBA.com’s official transactions log (hat tip to Michael Scotto of HoopsHype).

Cooper, 22, was the 48th overall pick of the 2021 draft after spending one season at Auburn. He spent his rookie season — 2021/22 — on a two-way deal with Atlanta, making 13 brief NBA appearances for 39 total minutes.

A 6’0″ point guard, Cooper signed a two-way deal in the summer of 2022 to return to the Hawks, but they released him a few days later. Prior to each of the past two seasons, Cooper has signed Exhibit 10 training camp deals with the Cavs and then was waived to receive a bonus for playing for the Cleveland Charge, the team’s NBA G League affiliate.

In 34 games with the Charge in 2023/24, Cooper has averaged 18.2 PPG, 7.1 APG, 4.0 RPG and 1.6 SPG on .448/.313/.809 shooting in 32.4 MPG. He averaged 22.8 PPG, 7.0 APG, 3.6 RPG and 1.0 SPG on .453/.356/.841 shooting in 43 games at the NBAGL level last season (33.7 MPG).

Since the Cavs have an open spot on their standard roster, they didn’t have to waive anyone to sign Cooper. As a one-year veteran, he will earn $103,550 over the course of his 10-day contract.

Grizzlies Sign Matthew Hurt To Second 10-Day Deal

February 26th, 2024 at 9:05am CST by Arthur Hill

Matthew Hurt will return to the Grizzlies on a second 10-day contract, the team announced (via Twitter).

The 23-year-old power forward signed his first 10-day contract with Memphis in late January via the hardship exception. He appeared in three games, averaging 5.7 points, 2.0 rebounds and 1.0 assists in 18.7 minutes per night.

Although the Grizzlies didn’t specify, this appears to be another hardship signing, as Marcus Smart, Desmond Bane, Ja Morant and Brandon Clarke remain out of action with long-term injuries. Memphis currently has a full roster, and the team released Jacob Gilyard over the weekend rather than converting his two-way contract to a standard deal because it didn’t want to open a roster spot.

Hurt has spent most of the season with the Grizzlies’ G League affiliate, the Memphis Hustle, where he’s putting up 21.8 points and 7.3 rebounds per game. He was in training camp with the Grizzlies last fall, but was waived before the start of the season. He has been with the Hustle since going undrafted out of Duke in 2021.

Andrew Funk Joins Bulls On Two-Way Deal

February 25th, 2024 at 10:14am CST by Arthur Hill

10:14am: Funk’s deal is official, the Bulls announced in a press release.

8:37am: G League guard Andrew Funk will sign a two-way contract with the Bulls, according to Shams Charania of The Athletic (Twitter link).

Funk, 24, inked an Exhibit 10 deal with the Nuggets last July after going undrafted out of Penn State. He was waived before the start of the season and joined the Grand Rapids Gold, where he’s averaging 13.4 points, 3.4 rebounds and 3.5 assists in 20 G League regular season games. He’s one of the NBAGL’s best outside shooters, connecting at better than 39% from three-point range.

Funk will fill the two-way spot that will open when Onuralp Bitim is converted to a standard deal, as Charania reported Friday. Those moves will give Chicago a full 18-man roster, with all three two-way slots filled.

Depending on when Funk officially signs, he will be eligible to be active for up to 14 or 15 games for the Bulls for the rest of the season.

Bulls Sign Onuralp Bitim To Multiyear Contract

February 25th, 2024 at 10:11am CST by Luke Adams

FEBRUARY 25: Bitim’s new contract is official, the Bulls announced (via Twitter).

FEBRUARY 23: The Bulls will use the open spot on their 15-man roster to promote Onuralp Bitim from his two-way deal to a standard contract, according to Shams Charania of The Athletic, who reports (via Twitter) that Bitim is signing a multiyear pact with the team.

Bitim is in his first NBA season after playing professionally for several years in Turkey. He was made the All-EuroCup Second Team for Bursaspor last season, averaging 18.1 points and 3.2 assists in 18 EuroCup contests, before agreeing to come stateside to join the Bulls.

The Turkish wing – who will turn 25 next month – has not had a role in Chicago so far this season, however, appearing briefly in just two games at the NBA level. While Bitim has yet to score his first NBA point, he has played regularly for the Windy City Bulls, appearing in 22 Showcase Cup and regular season G League games so far this season.

Bitim has averaged 14.2 points, 3.6 rebounds, and 3.5 assists in 30.1 minutes per contest for Windy City, posting a shooting line of .415/.363/.909. Those numbers don’t jump off the page, but they have improved as of late — he has averaged 16.7 PPG with a .433 3PT% since the NBAGL regular season began at the end of December.

It seems the Bulls have liked what they’ve seen from Bitim enough to give him a promotion and to give themselves the option of having him on next season’s roster at a minimum-salary rate. Terms of his new contract have yet to be reported, but I imagine it will include little to no guaranteed money beyond this season, giving the club some flexibility.

Once Bitim’s promotion is official, the Bulls will have a full 15-man standard roster, with one of their two-way slots open. They’ll have until March 4 to fill that two-way opening.