Transactions Rumors | Hoops Rumors

Hawks Sign Luke Kennard On One-Year Contract

June 30th, 2025 at 8:16pm CST by Dana Gauruder

July 8: The Hawks have made it official with Kennard, the team announced in a press release.

“We’re excited to add Luke to our group,” Hawks general manager Onsi Saleh said in a statement. “Luke is a great connector. He’s an elite shooter and proven play-maker with a high basketball IQ and team-first mentality. He fills multiple needs for us, and we believe he’s going to make our team better.”

June 30: The Hawks are signing free agent wing Luke Kennard on a one-year, $11MM contract, ESPN’s Shams Charania reports (via Twitter).

Quite a few teams were rumored to be interested in Kennard and he chose to go to the Hawks, who also agreed to a sign-and-trade on Monday to acquire another prominent wing, Nickeil Alexander-Walker.

The Hawks will use a majority of their mid-level exception to sign Kennard. The 29-year-old has long been regarded as one of the top 3-point shooters in the league. He has knocked down 43.8 percent of his 3s during his 460-game career.

Kennard appeared in 65 games with the Grizzlies this past season, the most action he’s seen since he played 70 games with the Clippers in 2021/22. He averaged 8.9 points, 2.8 rebounds and 3.3 assists while making 43.3 percent of his long-range shots in 2024/25.

Kennard will provide guard/forward depth to a Hawks team that’s clearly looking to move up in what appears to be a wide-open Eastern Conference.

Give Trae Young an assist: He helped recruit Kennard to Atlanta, Charania adds in another tweet.

Nickeil Alexander-Walker Heads To Hawks In Sign-And-Trade

June 30th, 2025 at 7:37pm CST by Dana Gauruder

July 6: The sign-and-trade deal sending Alexander-Walker to Atlanta is complete, according to press releases from the Hawks and Timberwolves.

June 30: Free agent guard Nickeil Alexander-Walker has agreed to a four-year, $62MM deal with the Hawks, ESPN’s Shams Charania reports (via Twitter).

The contract includes a fourth-year player option and a trade kicker, according to Charania (Twitter link).

The Hawks will acquire Alexander-Walker via a sign-and-trade using the $25MM trade exception created by last year’s Dejounte Murray trade, according to cap expert Yossi Gozlan (Twitter link). This will generate a trade exception for the Timberwolves worth half of Alexander-Walker’s starting salary.

The Timberwolves are also receiving cash considerations and a future second-rounder, Jon Krawczynski of The Athletic tweets. The pick is the Cavaliers’ 2027 second-rounder, according to Jake Fischer of The Stein Line (Twitter link).

By going the sign-and-trade route, Atlanta will be able to preserve its non-taxpayer mid-level exception and still has room under the luxury tax line to make use of it.

The Hawks were considered the frontrunners to acquire Alexander-Walker after the Timberwolves reached agreements with two of their other prominent players, Naz Reid and Julius Randle. According to insider Chris Haynes (Twitter link), Trae Young was instrumental in recruiting NAW to Atlanta.

Alexander-Walker emerged as one of the biggest names on the free agent market due to his three-and-D skills. He had a 23-point, six-assist outing against OKC in the Western Conference Finals.

The 26-year-old appeared in every regular season game this season, including 10 starts, averaging 9.4 points, 3.2 rebounds and 2.7 assists. He made 38.1 percent of his threes and has knocked down 36 percent of them in his career. He now slots in as the Hawks’ sixth man, backing up Dyson Daniels at shooting guard.

Magic Sign Tyus Jones To One-Year Deal

June 30th, 2025 at 7:25pm CST by Eli Cohen

July 6: The Magic have officially signed Jones, the team announced in a press release (Twitter link).

“We are excited to welcome Tyus to the Orlando Magic family,” president of basketball operations Jeff Weltman said in a statement. “He is the ultimate pro, who will bring to our team a blend of IQ, play-making, and shooting. Known for his character and leadership, Tyus will be a tremendous mentor to our young core.”

June 30: The Magic have agreed to a one-year, $7MM deal with free agent point guard Tyus Jones, Shams Charania reports for ESPN (Twitter link).

Yossi Gozlan of the Third Apron notes (via Twitter) that if the Magic intend to stay under the luxury tax, they will need to shed salary elsewhere.

As ESPN’s Bobby Marks tweets, Jones’ contract will come out of Orlando’s non-taxpayer mid-level exception, which will hard-cap the Magic at the first apron.

Jones played for the Suns last season, averaging 10.2 points and 5.3 assists while shooting 41.4% from three and 89.5% from the free throw line. He spent time as both a starter and a reserve for Phoenix as it searched for answers with an ill-balanced roster.

The 29-year-old Jones joins a rapidly improving Magic team as the backup point guard, bringing stability and depth to the backcourt rotation. He also reunites with former Grizzlies teammate Desmond Bane, having spent three seasons together in Memphis.

Jones provides injury insurance for Jalen Suggs, who has played 53 games or fewer in three of his four NBA seasons. A high-level shooter and decision-maker, Jones can slot into the starting lineup when needed and work as an off-ball player alongside star ball-handlers Paolo Banchero and Franz Wagner.

Celtics Sign Luka Garza To Two-Year Contract

June 30th, 2025 at 7:13pm CST by Eli Cohen

July 7: The Celtics’ deal with Garza is now being listed as official in NBA.com’s transaction log.

June 30: The Celtics have agreed to a two-year deal with center Luka Garza, reports ESPN’s Shams Charania (Twitter link). Keith Smith of Spotrac confirms (via Twitter) that the deal is a minimum-salary contract, which would come in around $5.3MM across those two seasons.

The 26-year-old Garza is entering his fifth season in the league. He began his career in Detroit before spending the past three seasons with the Timberwolves, with whom he averaged 4.5 points and 1.6 rebounds in 6.3 minutes per night in 92 total games.

Jon Krawcyznski of The Athletic tweets that the Celtics have had an eye on Garza for a while, having previously inquired about his availability.

After losing Kristaps Porzingis to the Hawks and Luke Kornet to the Spurs, and with Al Horford drawing significant interest around the NBA, the Celtics find their frontcourt rotation very thin, with just Xavier Tillman and Neemias Queta under contract.

Garza has never averaged more than 8.7 minutes per game, but he brings size, scoring and energy to a team that is looking to remain competitive as Jayson Tatum recovers from his ruptured Achilles.

Clint Capela Agrees To Three-Year Contract With Rockets

June 30th, 2025 at 7:03pm CST by Dana Gauruder

9:12pm: The Rockets are acquiring Capela in a sign-and-trade with the Hawks, according to Jake Fischer of The Stein Line (Twitter link), who reports that Houston is giving Atlanta a second-round pick swap in 2031 and cash to complete the deal.

7:03pm: The Rockets continued to retool their frontcourt by agreeing to a three-year, $21.5MM contract with Hawks free agent Clint Capela, ESPN’s Shams Charania tweets. The contract is fully guaranteed, Charania adds (Twitter link).

It’s no surprise that Capela, who lost his starting job in the second half of this past season, was leaving Atlanta. The Hawks are acquiring Kristaps Porzingis from the Celtics to be their starting big man, at least for next season.

Going to the Rockets, where he started his career, is somewhat of a surprise, given they already have one of the league’s top young big men in Alperen Sengun.

Houston also signed Steven Adams to a three-year extension in mid-June. Where Capela fits on the depth chart remains to be seen.

As for the contract terms, how they’ll acquire Capela is another mystery. Houston also agreed to a four-year deal with forward Dorian Finney-Smith on Monday, apparently via their non-taxpayer mid-level exception. That would mean the Rockets would have to work out a sign-and-trade to bring in Capela.

This past season, Capela started 41 of 55 games and averaged 8.9 points and 8.5 rebounds in 21.4 minutes. That was the first time in eight seasons Capela didn’t average a double-double. He was the Hawks’ regular starting center the previous four seasons after a six-year stay with Houston.

Clippers Sign Brook Lopez To Two-Year Deal

June 30th, 2025 at 6:53pm CST by Eli Cohen

July 6: Lopez is officially a Clipper, according to a press release from the team.

“Brook is an elite rim protector and range shooter who will bring a different dimension to our frontcourt,” president of basketball operations Lawrence Frank said in a statement. “He is also a former champion and a genuine pro who will be a great addition to our group.”

The second year of Lopez’s contract is a team option, tweets Fred Katz of The Athletic.

June 30: After spending seven seasons in Milwaukee, center Brook Lopez is headed back to Los Angeles, having agreed to sign a two-year, $18MM contract with the Clippers, sources tell ESPN’s Shams Charania (Twitter link).

The Clippers were known to be in the market for a reliable veteran big man to back up Most Improved Player runner-up Ivica Zubac. Based on the terms, it looks like they’ll be using a majority of the non-taxpayer mid-level exception to add Lopez.

Using the non-taxpayer mid-level will trigger a first-apron hard cap for the Clippers, who are about $8MM below that threshold, according to ESPN’s Bobby Marks (Twitter link). The club should also still have more than $5MM of its mid-level remaining, notes cap expert Yossi Gozlan (Twitter link).

Lopez had one of his better shooting seasons for the Bucks this year, hitting 37.3% of his 4.7 three-point attempts per night. However, his overall production was slightly down in terms of rebounding and rim protection as the Bucks dealt with a litany of injuries and chemistry issues.

The 37-year-old big man will slot in next to newly retained Nicolas Batum to form a heady, skilled defensive bench pairing. The center duo of Zubac and Lopez should provide the Clippers with a solid defensive anchor at all times, while Lopez will give the club a different look offensively than Zubac, who has made one three-pointer since entering the NBA in 2016.

The Bucks agreed to re-sign Bobby Portis yesterday and reached a new deal with Kevin Porter Jr. earlier today, but the loss of Lopez raises more questions about the direction of a team that will already be without its second star in Damian Lillard, who will miss most or all of 2025/26 with an Achilles tear.

Pistons Add Caris LeVert On Two-Year Contract

June 30th, 2025 at 6:41pm CST by Rory Maher

July 8: LeVert has officially signed with the Pistons, according to a press release from the team (Twitter link).

June 30: The Pistons are signing free agent wing Caris LeVert to a two-year, $29MM contract, reports Shams Charania of ESPN (via Twitter).

It’s a straight two-year deal with no player or team option for the 2026/27 season, tweets Omari Sankofa II of The Detroit Free Press.

The signing could be completed using either the full mid-level exception or cap room, depending on whether the Pistons operate over or under the salary cap.

A nine-year veteran, LeVert split last season between Cleveland and Atlanta after the Cavaliers traded him to the Hawks in February as part of the De’Andre Hunter deal. He made 64 combined appearances in 2024/25, averaging 12.1 points, 3.4 assists and 3.2 rebounds on .467/.373/.710 shooting in 24.9 minutes per game.

LeVert, who played four years of college ball in Michigan with the Wolverines, will be 31 years old in late August.

In addition to his familiarity with Michigan, LeVert also played under Pistons head coach J.B. Bickerstaff for two-plus seasons while they were members of the Cavs.

Grant Afseth first reported that Detroit was viewed as the frontrunner to land LeVert, with The Stein Line later confirming the rumor. The Hawks are reportedly targeting Nickeil Alexander-Walker as their primary free agent addition, though it might take a sign-and-trade to land him.

LeVert will bring versatile offense and play-making to the Pistons and will likely come off the bench behind Cade Cunningham and Jaden Ivey. He could also slot in as a small forward in certain lineups.

The Pistons pivoted to signing LeVert in the wake of the Malik Beasley gambling allegations.

Kevon Looney Signs With Pelicans On Two-Year Deal

June 30th, 2025 at 6:37pm CST by Dana Gauruder

July 7: The Pelicans have put out a press release formally announcing their deal with Looney.

“Kevon Looney is an elite professional with a proven championship pedigree,” Pelicans executive VP of basketball operations Joe Dumars said in a statement. “He is a warrior in the trenches and brings an incredible work ethic along with invaluable experience, toughness, and selfless leadership to our locker room. His commitment to doing the little things that win games embodies our team values, and we’re excited to welcome him to New Orleans.”

Looney’s new contract includes a second-year team option, per Michael Scotto of HoopsHype (Twitter link).

June 30: Kevon Looney‘s lengthy stay with the Warriors is ending. The veteran big man has agreed to a two-year, $16MM contract with the Pelicans, ESPN’s Shams Charania tweets.

Looney joins a frontcourt that includes Yves Missi, late lottery pick Derik Queen, Zion Williamson and Herbert Jones, among others.

Looney is noted for his defensive work and durability. He has appeared in at least 74 games over the past four seasons, including 76 this past season.

He was on the second unit much of the season, as his minutes were cut to 15 per game while Trayce Jackson-Davis and Quinten Post saw their roles expand. Looney averaged 4.5 points, 6.1 rebounds and 1.6 assists.

Looney’s Pelicans debut will be his 600th career regular season appearances. He played a major role in Golden State’s run to the NBA championship in 2018 and 2022. He’s been on the Warriors’ roster since he was a late first-round pick in 2015.

The Pelicans will use a portion of their non-taxpayer mid-level exception to sign Looney. The signing will hard-cap the team at the first tax apron.

Spurs Sign Luke Kornet To Four-Year Deal

June 30th, 2025 at 6:30pm CST by Eli Cohen

July 7: The signing is official, per the transaction log at NBA.com.

According to Fred Katz of The Athletic (Twitter link), Kornet’s deal is only fully guaranteed for two seasons, with a small partial guarantee ($2.55MM) on year three and a fourth-year team option. The contract has a descending structure, with a first-year cap hit of $11MM, Katz adds.

June 30: Free agent center Luke Kornet will head from Boston to San Antonio, according to Shams Charania of ESPN, who reports (via Twitter) that the Spurs and Kornet are in agreement on a four-year contract worth $41MM.

The fourth year of Kornet’s new deal, which figures to be completed using the non-taxpayer mid-level exception, will be a team option, per Michael Scotto of HoopsHype (Twitter link).

Kornet has played the last three-and-a-half seasons with the Celtics, carving out a role for himself as a valuable third-string center and averaging 10.2 minutes per game over the course of Boston’s title run in 2024.

Kornet averaged a career-high 18.6 minutes per game in 2024/25 due in part to Kristaps Porzingis‘ health issues. Boston had a +14.9 net rating during Kornet’s 1,361 minutes of action — no Celtics player had an individual net rating higher than that.

Despite coming into the league as a stretch five, the 7’2″ center has almost completely removed the three-point shot from his game, and instead has become more paint-focused while staying an imposing rim protector on defense.

Kornet has averaged one block per game in each of the last two seasons despite playing fewer than 20 minutes per night, and his defense was a notable contribution during the Celtics’ playoff series with the Knicks.

While the Celtics had hoped to retain the 29-year-old’s services, the Spurs quickly emerged as a prime target to make Kornet their backup center behind cornerstone Victor Wembanyama.

The Clippers were also said to have interest in Kornet, but ended up agreeing to terms with Brook Lopez.

Bucks Re-Sign Kevin Porter Jr. To Two-Year Deal

June 30th, 2025 at 6:22pm CST by Luke Adams

July 7: Porter has officially re-signed with the Bucks, according to NBA.com’s transaction log.

June 30: The Bucks and free agent guard Kevin Porter Jr. have agreed to a two-year deal worth $11MM, sources tell Shams Charania of ESPN (Twitter link).

Porter turned down a $2.55MM player option over the weekend in order to become a free agent. He’ll have an opportunity to return to the open market again in a year, as his new deal will feature a player option for 2026/27, per Charania.

Porter opened the 2024/25 season with the Clippers before being sent to Milwaukee at the trade deadline. He finished the season strong with the Bucks, averaging 11.7 points, 3.9 rebounds, and 3.7 assists in 19.9 minutes per game while shooting 49.4% from the floor, including 40.8% on threes.

The 25-year-old’s off-court history – ranging from a locker-room incident that ended his time in Cleveland to a domestic altercation that led to his exit from Houston – have limited his value to some extent in recent years, preventing him from securing big money or longer-term commitments. However, the Bucks liked their brief stint with Porter last season enough to move forward with him.

The Bucks will use the bi-annual exception to re-sign Porter, since they wouldn’t be able to complete the deal using his Non-Bird rights, notes Fred Katz of The Athletic (Twitter link). The BAE will be worth about $10.5MM over two seasons.