Transactions Rumors | Hoops Rumors

Nets Re-Sign Chiozza To Two-Way Contract, Waive Martin

December 22nd, 2020 at 10:08am CST by Luke Adams

The Nets have made a change to one of their two-way contract slots, announcing today in a press release that they’ve waived Jeremiah Martin and re-signed Chris Chiozza to a two-way deal to replace him.

Chiozza, 25, signed a two-way contract with Brooklyn in January and emerged as a reliable rotation player for the team, averaging 6.4 PPG and 3.1 APG on .425/.357/1.000 shooting in 18 games (15.4 MPG).

The Nets issued Chiozza a qualifying offer in November, making him a restricted free agent. He ended up signing a one-year, minimum-salary contract with Brooklyn, but it was non-guaranteed, which made him expendable on Saturday when the club made its roster cuts.

Although he didn’t make the 15-man squad, Chiozza cleared waivers and is now back on another two-way contract, which will allow him to be active in up to 50 of the Nets’ 72 regular season games this season. He’ll earn $449,155 on the deal, alongside fellow two-way player Reggie Perry.

Martin, meanwhile, will become a free agent on Thursday if he goes unclaimed on waivers. The former University of Memphis point guard, who signed a two-year, two-way contract with the Nets in January appeared in nine games as a rookie in 2019/20, averaging 7.1 PPG and 2.0 APG in 11.0 MPG. He also averaged 17.7 PPG and 4.5 APG in 37 G League games (30.4 MPG) for Long Island and Sioux Falls.

Suns Pick Up 2021/22 Options On Ayton, Bridges, Johnson

December 22nd, 2020 at 9:55am CST by Luke Adams

The Suns have exercised their fourth-year team options on the rookie scale contracts of Deandre Ayton and Mikal Bridges, along with the third-year option on Cameron Johnson‘s rookie deal, per RealGM’s log of official NBA transactions.

All three options apply to the 2021/22 season, guaranteeing each player’s salary for that year. Ayton’s option is worth $12.63MM, Bridges’ is for $5.56MM, and Johnson’s has a value of $4.44MM.

None of the decisions came as a surprise, as all three players have established themselves as promising young contributors in Phoenix.

Ayton, the former No. 1 overall pick, averaged 18.2 PPG, 11.5 RPG, and 1.5 BPG in 38 games (32.5 MPG) in 2019/20 after serving a 25-game suspension to start the season for violating the NBA’s anti-drug policy. He’ll be eligible for a rookie scale extension in 2021.

Bridges, who will also be extension-eligible next year, recorded 9.1 PPG, 4.0 RPG, and 1.4 SPG with a solid .510/.361/.844 shooting line in 73 games (28.0 MPG) last season. He moved into Phoenix’s starting lineup later in the season, including for the team’s 8-0 run during the summer restart.

Johnson, the 11th pick in the 2019 draft, averaged 8.8 PPG and knocked down 39.0% of his three-point tries in 57 games (22.0 MPG) as a rookie. The Suns will have to decide next year whether to exercise his $5.89MM fourth-year option for 2022/23.

Suns Claim Frank Kaminsky Off Waivers

December 21st, 2020 at 10:10pm CST by Luke Adams

The Suns have reunited with veteran forward/center Frank Kaminsky, according to Shams Charania of The Athletic, who reports (via Twitter) that Phoenix claimed Kaminsky off waivers.

Kaminsky, 27, averaged 9.7 PPG and 4.5 RPG on .450/.331/.678 shooting in 39 games (19.9 MPG) for Phoenix in 2019/20. A patella stress fracture shortened his season, however, and he played a very limited role during the Suns’ 8-0 run in the bubble at Walt Disney World. The team declined his $5MM option for 2020/21 last month.

After being let go by the Suns, Kaminsky signed a non-guaranteed minimum-salary contract with the Kings, but was beaten out by Glenn Robinson III for the 15th spot on Sacramento’s roster and was cut on Saturday.

As a result of tonight’s waiver claim, Kaminsky is back in Phoenix on a much more team-friendly deal than the $5MM option the Suns turned down in November. Because the club had an open roster spot, no corresponding roster move was required to claim Kaminsky.

Spurs Exercise Options On Walker, Johnson, Samanic

December 21st, 2020 at 9:49pm CST by Dana Gauruder

The Spurs have exercised their fourth-year team option on guard Lonnie Walker IV, as well as the third-year options on forwards Keldon Johnson and Luka Samanic, for the 2021/22 season, according to a team press release.

Walker will receive $4,447,896 during the 2021/22 campaign. Johnson will make $2.145MM and Samanic will get $2.96MM.

Walker, the 18th pick of the 2018 draft, appeared in 61 games last season and averaged 6.4 PPG and 1.1 APG in 16.2 MPG.

Johnson appeared in 17 games last season and averaged 9.1 PPG and 3.4 RPG in 17.7 MPG. He averaged 14.1 PPG in eight games during the Orlando restart. Johnson, a late first-round pick last year, also played 31 games for the G League Austin Spurs and averaged 20.3 PPG and 5.8 RPG.

Samanic, the 19th pick of the 2019 draft, appeared in three NBA games as a rookie. He also appeared in 33 games with the Austin Spurs, averaging 15.2 PPG and 7.8 RPG.

Thunder Waive Frank Jackson

December 21st, 2020 at 9:32pm CST by Dana Gauruder

9:32pm: The Thunder have officially waived Jackson, the team announced in a press release.

9:11pm: The Thunder are waiving guard Frank Jackson, Shams Charania of The Athletic tweets.

Oklahoma City was the last team to get down to the 15-player opening-night limit, not including two-way players.

Jackson was vulnerable because OKC already had 15 players on fully guaranteed contracts and he had a partially guaranteed deal. He signed a two-year, minimum-salary contract earlier this month but only $250K was guaranteed.

Jackson, the 31st overall pick in the 2017 draft out of Duke, missed his entire rookie season with a foot injury, but appeared in 120 games for the Pelicans over the last two years, averaging 7.2 PPG, 1.8 RPG, and 1.1 APG on .422/.319/.743 shooting during that time.

The 22-year-old was eligible for restricted free agency this fall, but the Pelicans opted not to tender him a qualifying offer, making him an unrestricted free agent.

Spurs Sign Derrick White To Four-Year Extension

December 21st, 2020 at 7:12pm CST by Dana Gauruder

7:12pm: It’s official, according to a team press release.

5:08pm: The Spurs have reached an agreement on a four-year extension for guard Derrick White, agent Mike Lindeman tells Adrian Wojnarowski of ESPN (Twitter link). It’ll be worth $73MM, per Wojnarowski.

San Antonio’s strong commitment to White comes after a season in which he was just a part-time starter. White averaged 11.3 PPG, 3.3 RPG and 3.5 APG in 24.7 MPG in his third year in the league. He started 20 of 68 games after starting 55 of 67 games in his second season.

However, the Spurs recently signaled their intentions of retaining the combo guard long term when coach Gregg Popovich remarked, “He’s somebody we plan on for the future.”

White was the 29th pick of the 2017 draft. The Spurs backcourt is now set for years to come as they signed Dejounte Murray to a four-year extension worth up to $70MM last year.

With several veteran players coming off the books after this season, San Antonio will still have plenty of cap flexibility next summer. Factoring in White’s cap hold, the Spurs only sacrificed $6MM in space for the 2021 offseason. San Antonio could still have $50MM in cap room even with White’s extension factored in, Bobby Marks of ESPN tweets.

White is currently sidelined after undergoing left toe surgery this fall.

Photo courtesy of USA Today Sports Images.

Raptors Sign OG Anunoby To Four-Year Extension

December 21st, 2020 at 5:34pm CST by Dana Gauruder

5:34pm: Anunoby’s extension is now official, the Raptors announced in a press release.

“OG is the epitome of the skilled, powerful, determined player we want in our organization long-term. Remember, he doesn’t shoot to miss,” general manager Bobby Webster said in a statement. “We’re really pleased that OG will be with us for seasons to come.”

4:52pm: The Raptors have agreed to sign forward OG Anunoby to a four-year contract extension worth $72MM, agent Omar Wilkes tells Adrian Wojnarowski of ESPN (Twitter link).

The final year of Anunoby’s new deal will feature a player option, Wojnarowski adds. According to Blake Murphy of The Athletic (Twitter link), the extension is structured to increase by the maximum 8% annually to allow Toronto to maximize its 2021 cap room. It won’t include any bonuses or a trade kicker, Murphy adds (via Twitter).

While the extension will cut into the Raptors’ projected cap space to some extent, the difference in minimal, according to ESPN’s Bobby Marks, who notes (via Twitter) that Anunoby would have had a $11.7MM cap hold as a restricted free agent. Instead, he’ll have a starting salary of $16.1MM, reducing Toronto’s space by just over $4MM.

The Raptors have now locked up three key young pieces for the next several seasons. Pascal Siakam‘s extension kicks in this season and keeps him under contract through 2023/24. Fred VanVleet was re-signed this offseason for four more years, with the last one including a player option.

Anunoby’s extension could turn out to be a bargain if he continues to improve, and the Raptors will still have cap flexibility next summer, as Josh Lewenberg of TSN Sports notes (Twitter link).

Anunoby averaged a career-best 10.6 PPG and 5.3 RPG in 29.9 MPG as a starter last season. He’s also considered a defensive stalwart and averaged 1.4 SPG.

Photo courtesy of USA Today Sports Images.

Clippers Sign Luke Kennard To Four-Year Extension

December 21st, 2020 at 5:13pm CST by Luke Adams

DECEMBER 22, 2:05pm: Kennard’s extension includes a team option for the fourth year, reports Michael Scotto of HoopsHype (Twitter link).

DECEMBER 21, 5:13pm: The Clippers have officially announced Kennard’s new contract extension.

“We are excited to secure a commitment from a dynamic, emerging young player who continues to grow every day,” Clippers president of basketball operations Lawrence Frank said in a statement. “We have been impressed with Luke’s versatility and maturity, and it’s been a privilege to get to know him better during this training camp. We believe he is a fantastic fit for our organization and we are delighted he feels the same.”

DECEMBER 21, 3:22pm: The Clippers and guard Luke Kennard have reached an agreement on a four-year, $64MM rookie scale contract extension, agents Aaron Mintz and Dave Spahn tell Adrian Wojnarowski of ESPN (Twitter link).

The deal includes $56MM in guaranteed money, plus $8MM in additional bonuses that are considered attainable, tweets Andrew Greif of The Los Angeles Times.

It’s an impressive number for Kennard, who missed much of the 2019/20 season due to knee issues. He played well when healthy, averaging 15.8 PPG, 4.1 APG, and 3.5 RPG with a .442/.399/.893 shooting line in 28 games (32.9 MPG).

The Pistons’ new front office sent Kennard to Los Angeles in a three-team offseason trade that saw Saddiq Bey and Rodney McGruder land in Detroit. The 24-year-old’s asking price on an extension – along with his injury history and the team’s change in direction – played a part in Detroit’s decision to move him, tweets James L. Edwards III of The Athletic.

The Clippers’ investment in Kennard suggests his new club has confidence that his knee problems are behind him. If he earns the full $16MM per year on his new deal, that would put Kennard in the same neighborhood of recent free agent signees like Davis Bertans ($16MM per year), Marcus Morris ($16MM), and Malik Beasley ($15MM).

New contracts for Morris, Paul George, and now Kennard have pushed the Clippers well over the projected cap and likely into luxury tax territory for the 2021/22 season, notes ESPN’s Bobby Marks (via Twitter).

Photo courtesy of USA Today Sports Images.

Magic Sign Jonathan Isaac To Four-Year Extension

December 21st, 2020 at 5:02pm CST by Luke Adams

5:02pm: The Magic have officially signed Isaac to his extension, the team announced in a press release.

4:31pm: Shortly after reaching an agreement on an extension for Markelle Fultz, the Magic have done the same for Jonathan Isaac. Agent Jeff Wechsler tells Adrian Wojnarowski of ESPN (Twitter link) that Isaac and the Magic have agreed to a four-year, $80MM deal, which will begin in 2021/22.

Isaac was on his way to a breakout year in 2019/20, having averaged career highs in PPG (11.9), RPG (6.8), BPG (2.3), SPG (1.6), and a handful of other categories in the 34 games (28.8 MPG) he played.

However, a severe left knee sprain and bone bruise sidelined him on January 1, and his comeback effort during the Orlando summer restart was abruptly halted in early August by a torn left ACL.

Despite the fact that Isaac will miss the entire 2020/21 season while rehabilitating that knee injury, the Magic were willing to lock in a new deal for him early, preventing him from reaching restricted free agency in 2021. That signals not only that Orlando views the 23-year-old as an important part of its future, but also that the team feels good about where he’s at in his recovery and rehab process.

While it remains to be seen how Isaac’s offensive game will develop, he’s already one of the NBA’s most talented and versatile defenders when he’s healthy. If he returns to full health and improves on offense, the contract could actually end up being a bargain for the Magic, but it’s still a significant roll of the dice for the club.

Isaac will earn $7.36MM in the final year of his rookie scale contract in 2020/21 before his new deal begins. He’s the eighth player to agree to a rookie scale extension this offseason, narrowly beating Monday’s deadline (5:00pm central time).

Photo courtesy of USA Today Sports Images.

Magic Sign Markelle Fultz To Three-Year Extension

December 21st, 2020 at 5:01pm CST by Luke Adams

5:01pm: Fultz’s extension is now official, according to the Magic.

4:18pm: The Magic have agreed to sign former No. 1 overall pick Markelle Fultz to a three-year rookie scale extension worth $50MM, agent Raymond Brothers tells ESPN’s Adrian Wojnarowski (Twitter link). The deal, which will begin in 2021/22 after Fultz earns $12.3MM this season, includes a third-year team option, according to Josh Robbins of The Athletic (Twitter link).

Philadelphia traded up in the 2017 draft to select Fultz, but he was limited to 33 games in a season-and-a-half with the Sixers, as he dealt with a troublesome shoulder injury and struggled to regain the form that made him the top prospect in his class.

After being dealt to the Magic at the 2019 trade deadline, Fultz stayed healthy for the team last season, averaging 12.1 PPG, 5.1 APG, and 3.3 RPG on .465/.267/.730 shooting in 72 games (27.7 MPG). Orlando has been “thrilled” with his progress and views him as a key part of the team’s future, according to Wojnarowski (Twitter link).

Fultz’s new deal is an interesting one for him and the Magic, and is comparable to a few other rookie scale extensions signed in the last couple years by players who have dealt with injuries. Luke Kennard‘s new four-year, $56MM contract (which includes $8MM in additional incentives) is in the same range, as is Dejounte Murray‘s deal from a year ago (four years, $64MM, plus $6MM in incentives).

The closest comparable may be the three-year, $52.5MM extension Caris LeVert signed with the Nets a year ago. Like LeVert, Fultz only signed for three years, putting him in position to potentially reach unrestricted free agency in his prime — he’ll be just 26 years old when his new contract expires.

Fultz is one of two Magic players to reach an agreement today on a rookie scale extension, joining fellow franchise cornerstone Jonathan Isaac.

Photo courtesy of USA Today Sports Images.