Transactions Rumors | Hoops Rumors

Pelicans Waive Lester Quinones

July 24th, 2025 at 5:01pm CST by Rory Maher

The Pelicans have waived Lester Quinones, tweets Keith Smith of Spotrac. The move is official, according to NBA.com’s log of transactions.

Quinones had been on a two-way contract with New Orleans. The team now has one two-way vacancy, with Trey Alexander and Hunter Dickinson holding the other two spots.

After going undrafted out of Memphis in 2022, Quinones spent most his first two seasons as a member of the Warriors organization. Last fall, he signed a two-way deal with Philadelphia, which released him in December.

The 24-year-old shooting guard caught on with the Pelicans in early March, appearing in nine games down the stretch of the 2024/25 season. In those nine contests, he averaged 8.6 points, 2.6 assists and 1.7 rebounds in 18.4 minutes. His shooting line was .386/.317/.833.

While Quinones has yet to carve out a major NBA role to this point in his career, he has put up some big counting stats in the G League. In 41 combined games (36.0 MPG) with the Birmingham Squadron and Delaware Blue Coats last season, he averaged 21.6 PPG, 6.8 RPG, 4.9 APG and 1.4 SPG, though he struggled a bit with efficiency (.431/.331/.713 shooting splits) and turnovers (3.7 per contest).

Quinones was signed by New Orleans’ previous front office regime, so the new executives in charge may not have been as high on him. Assuming he goes unclaimed, the 6’4″ guard will become a free agent on Saturday.

Celtics Release JD Davison

July 24th, 2025 at 4:24pm CST by Rory Maher

The Celtics have waived guard JD Davison, the team announced (via Twitter).

Boston exercised its 2025/26 team option on Davison at the end of June. However, as we noted at the time, Davison’s $2.27MM salary for next season is fully non-guaranteed, so the Celtics won’t incur a cap hit by releasing him.

According to Gary Washburn of The Boston Globe (Twitter link), cutting Davison has moved the Celtics under the punitive second tax apron, giving the team more maneuverability on the trade market.

The Celtics selected Davison 53rd overall in the 2022 draft after he played one college season at Alabama. The 22-year-old had spent virtually all of the past three campaigns on a two-way deal with Boston, but was converted to a multiyear standard contract just before the ’24/25 regular season ended.

While Davison’s NBA contributions have been very modest to this point – 36 total regular season appearances for a total of 198 minutes over his three seasons – he has been a standout performer in the G League, including winning the MVP award with the Maine Celtics in ’24/25.

Davison appeared in 45 combined games with Maine last season, averaging 25.6 points, 7.7 assists, 5.1 rebounds, and 1.4 steals in 34.6 minutes per game, with a shooting line of .482/.332/.762.

The Celtics now have 15 players on their standard roster.

Jared Butler Signs With Suns

July 24th, 2025 at 4:10pm CST by Arthur Hill

July 24: Butler’s deal with the Suns is official, per a team press release (Twitter link via Gerald Bourguet of PHNX Sports). According to Bourguet, Butler’s contract is non-guaranteed and he and Goodwin will be vying for a roster spot this fall.

July 23: The Suns have reached an agreement on a one-year contract with Jared Butler, agents Mark Bartelstein and Kieran Piller of Priority Sports tell Shams Charania of ESPN (Twitter link).

The 24-year-old guard became a free agent late last month when the Sixers declined their team option on his $2.35MM salary for 2025/26. He finished the season in Philadelphia after being acquired from Washington at the deadline, and the Sixers converted his two-way deal to a standard contract a week after the trade.

Butler appeared in 60 total games last season, and he put up the best numbers of his career in 28 games with Philadelphia. He averaged 11.5 points, 2.5 rebounds and 4.9 assists for the short-handed team, while making 17 starts and posting .426/.352/.870 shooting splits.

Butler began his career in Utah after being selected with the 40th pick in the 2021 draft. He also had a brief stay with Oklahoma City before joining the Wizards on a two-way contract in 2023.

The Suns are making another move to bolster their backcourt, claiming former Lakers guard Jordan Goodwin off waivers. Once both transactions are official, Phoenix will have a full roster with 15 players on standard contracts and three on two-way deals.

Jazz Waive Guard Jaden Springer

July 24th, 2025 at 3:49pm CST by Dana Gauruder

The Jazz have waived guard Jaden Springer, the team announced in a press release.

Utah had a Friday deadline to decide whether to give Springer a $400K partial guarantee to his $2,349,578 non-guaranteed contract. Springer will now look for another NBA opportunity, unless a team claims him.

After a 10-day contract with the Jazz expired, Springer signed a three-year contract with the club in March but the last two years were not guaranteed. Springer made 17 appearances for Utah, including two starts, and averaged 3.8 points, 2.0 rebounds and 1.4 assists in 13.2 minutes.

Boston traded the 6’4″ combo guard and a future second-round pick to Houston at February’s trade deadline. The Rockets soon waived Springer and he joined Utah after clearing waivers. Springer came off the bench in 26 games for the Celtics last season.

He was a late first-rounder pick by the Sixers in 2021 but struggled to establish a rotation role. Overall, he’s appeared in 110 NBA games, averaging 2.9 points in 8.8 minutes. He’s made just 23.8 percent of his 3-point attempts.

By releasing Springer, the Jazz now have 15 players on standard contracts.

Pacers Sign Rookie Taelon Peter To Two-Way Contract

July 24th, 2025 at 10:30am CST by Dana Gauruder

1:47pm: The signing is official, according to a team press release.

10:30am: As anticipated, the Pacers and the No. 54 overall pick of the June draft, Taelon Peter, have agreed to a two-way deal, Michael Scotto of HoopsHype tweets.

Indiana general manager Chad Buchanan recently indicated that Peter was in line to receive a two-way contract. The Pacers cleared a spot for the shooting guard by pulling their qualifying offer to Enrique Freeman.

By adding Peter, the Pacers have filled all of their two-way slots. RayJ Dennis and Quenton Jackson have the Pacers’ remaining two-way contracts.

Peter excelled in a sixth man role at Liberty University last season. He only started two of 35 games, yet averaged 13.7 points on 57.8 percent shooting from the field and 45.3 percent from three-point range. He also grabbed 4.0 rebounds and handed out 1.0 assist in 22.7 minutes per contest. Liberty won its conference tournament and lost in the first round of the NCAA Tournament to Oregon, a game in which Peter scored eight points.

Peter spent his previous three seasons with Division II Arkansas Tech. In four Summer League appearances, he averaged 9.5 points, 2.2 rebounds and 1.8 assists in 23.6 minutes per game for Indiana.

“We like a lot of things he does as far as playing without the ball, his shooting, his movement. I thought he showed very encouraging signs defending the ball in Las Vegas,” Buchanan said.

Suns Claim Jordan Goodwin Off Waivers

July 23rd, 2025 at 4:09pm CST by Arthur Hill

JULY 24: The Suns issued a press release confirming they’ve claimed Goodwin, Gerald Bourguet of PHNX Sports tweets.

JULY 23: The Suns have claimed former Lakers guard Jordan Goodwin off waivers, sources tell Shams Charania of ESPN (Twitter link).

Goodwin, 26, was released over the weekend so L.A. could create room below the first apron to sign Marcus Smart with its bi-annual exception. In late June, the Lakers picked up their team option on Goodwin’s $2.35MM contract for the upcoming season, which carries just a $25K guarantee.

Phoenix inherits Goodwin’s full contract via the waiver claim, so L.A. will have the $25K come off its books.

Jordan joined the Lakers on a two-way contract in early February and was converted to a standard deal in late March. He appeared in 29 games, making five starts and averaging 5.6 points, 3.9 rebounds and 1.4 assists in 18.7 minutes per night. He also posted .438/.382/.818 shooting numbers.

The move marks a return to Phoenix for Goodwin, who was acquired from Washington two summers ago as part of the Bradley Beal trade. He appeared in 40 games with the Suns during the 2023/24 season before being dealt to Memphis.

Goodwin began his career on a 10-day deal with the Wizards in 2021 and signed a two-way contract the following season.

The addition of Goodwin will give the Suns 14 standard contracts, along with three two-way deals. His contract will remain non-guaranteed, apart from the $25K, until the league-wide guarantee date in January, and he will become an unrestricted free agent next summer.

David Jones-Garcia Signs Two-Way Deal With Spurs

July 23rd, 2025 at 3:08pm CST by Dana Gauruder

July 23: Jones-Garcia has officially signed his two-way contract with the Spurs, the team announced today in a press release.

July 22: The Spurs are signing Summer League standout David Jones-Garcia to a two-way contract, ESPN’s Shams Charania tweets.

Jones-Garcia earned All-Summer First Team honors playing for San Antonio. The 6’6″ wing finished an eight-game summer campaign with averages of 22.0 points, 5.9 rebounds and 3.4 assists per contest. He posted averages of 21.6 PPG, 6.2 RPG and 3.8 APG while shooting 52.9% from 3-point range during a handful of games in Vegas.

Jones-Garcia recently turned down a three-year offer from Olympiacos and let all other European suitors know he was committed to continuing his NBA career. He’ll now focus on trying to earn a promotion to a standard NBA contract.

After going undrafted out of Memphis in 2024, Jones-Garcia signed a two-way contract with Philadelphia last July but was waived in September. He also spent about a month-and-a-half on a two-way contract with the Jazz prior to being released on January 1.

The 23-year-old didn’t appear in any NBA games with Utah last season. However, he was one of the top performers in the G League, finishing as the runner-up in voting for NBAGL Rookie of the Year.

Jones-Garcia, who is from the Dominican Republic, was also named to the All-California Classic Summer League team earlier this month after averaging 22.7 points, 5.3 rebounds, 2.7 assists and 1.3 steals.

San Antonio hadn’t filled any of its tw0-way slots, so the team will still have two more openings when Jones-Garcia signs.

Magic Waive Two-Way Player Ethan Thompson

July 23rd, 2025 at 7:33am CST by Dana Gauruder

The Magic have waived two-way player Ethan Thompson, the team’s PR department tweets.

Thompson signed a two-way deal with Orlando in February but never appeared in an NBA game. The 6’5” guard played 31 games with the Magic’s G League affiliate in Osceola, averaging 18.4 points, 4.9 rebounds, 3.2 assists and 1.0 steals in 34.2 minutes per contest.

Thompson, 26, has made 127 G League outings in total, including 33 with the Mexico City Capitanes during the 2023/24 season. He went undrafted in 2021 out of Oregon State and had a couple of training camp deals with Chicago but was waived during camp both times. Thompson also signed an Exhibit 10 contract with the Magic last year and was waived during training camp.

The Magic signed center Orlando Robinson to a two-way contract earlier this week. As a result of waiving Thompson, they now have two open two-way slots.

Rockets Sign Josh Okogie

July 22nd, 2025 at 5:37pm CST by Luke Adams

5:37pm: The signing is official, according to a team press release.

12:37pm: The Rockets and free agent wing Josh Okogie have reached an agreement on a one-year contract, according to Shams Charania of ESPN (Twitter link).

Charania reports that it’s a $3.1MM deal for Okogie, which suggests it’ll be worth his minimum ($3,080,921). It will be fully guaranteed, per Danielle Lerner of The Houston Chronicle (Twitter link).

Okogie, who will turn 27 in September, opened the 2024/25 season with Phoenix before being traded to Charlotte in January’s Nick Richards deal. He appeared in a total of 40 games for the Suns and Hornets, making seven starts and registering averages of 7.1 points, 2.8 rebounds, and 1.2 steals in 15.6 minutes per contest, along with a .443/.348/.741 shooting line.

Considered a talented, versatile perimeter defender, Okogie had excellent on/off-court splits during his stint with the Hornets, albeit in a small sample. The team had a +2.6 net rating in his 274 minutes of action and a -13.7 mark when he wasn’t on the court.

Okogie’s contract with the Hornets called for his $7.75MM salary for 2025/26 to become guaranteed if he remained under contract through June 30. The two sides agreed to push back that deadline to July 15 as the front office explored the trade market for the 6’4″ swingman, but Charlotte had no luck finding a deal and ultimately waived Okogie last week.

The Rockets recently released Jeenathan Williams, who had a non-guaranteed contract of his own, in order to move team salary approximately $3.6MM below the first tax apron, giving the club the ability to bring in one more veteran-minimum player to fill its 14th roster spot. It looks like Okogie, whose deal will count for about $2.3MM against the cap, will be that player, giving Houston another defensive-minded option on the wing.

Barring cost-cutting moves, the Rockets won’t have the ability to add a 15th man while remaining below their first-apron hard cap until later in the regular season.

Marcus Smart Officially Signs With Lakers

July 22nd, 2025 at 5:35pm CST by Dana Gauruder

Marcus Smart has officially joined the Lakers. The team announced the signing of the veteran guard in a press release.

“Adding a player like Marcus Smart to our roster allows us to compete at the highest level,” Lakers president of basketball operations Rob Pelinka said in the statement. “Marcus epitomizes what it means to prioritize winning above all else – whether that’s making huge plays on the defensive end or hitting critical shots in key moments of the most intense games. He knows and understands playoff winning and will be a key leadership voice in our group.

“Surrounding our stars with two-way players like Marcus is critical to our overall vision of how we want to play and win next season. This is an exciting player acquisition, for sure.”

Smart reached a buyout agreement with the Wizards over the weekend and was placed on waivers. At that time, it was reported that the combo guard had decided to join the Lakers. Smart’s new contract is worth roughly $10.5MM over two years and includes a player option for the second season.

Smart, who gave up $6.8MM of his $21.59MM salary as part of his buyout with Washington, could back up both Luka Doncic and Austin Reaves and will boost his new team with his leadership, ball-handling and defensive prowess.

Smart, 31, has battled health problems over the past two seasons. He was named Defensive Player of the Year with Boston in 2022, but his career took a downturn after a trade to Memphis in the summer of 2023. A wide swath of injuries limited him to 39 total games in a year and a half with the Grizzlies before he was sent to Washington in a three-team deal at this year’s trade deadline.

He appeared in 19 games with Memphis and 15 games with the Wizards last season, averaging 9.0 points, 2.1 rebounds and 3.2 assists in 20 minutes per night with .393/.348/.761 shooting numbers.