Transactions Rumors | Hoops Rumors

Clippers Sign Lou Williams To Contract Extension

February 7th, 2018 at 2:55pm CST by Luke Adams

2:55pm: Williams’ three-year extension will be worth $8MM annually, with a $1.5MM partial guarantee on the third year, per Mark Deeks of GiveMeSport (Twitter links). The partial guarantee on that final year can increase if Williams hits certain performance incentives, says Deeks. As expected, those terms will make Williams ineligible to be traded this week.

Williams’ deal is now official.

12:12pm: The Clippers and veteran guard Lou Williams have agreed to terms on a three-year contract extension, league sources tell Shams Charania of Yahoo Sports. Tony Jones of The Salt Lake Tribune first reported (via Twitter) that the Clips planned to finalize Williams’ extension before today’s practice. ESPN’s Adrian Wojnarowski adds that the deal will include a third-year team option, while TNT’s David Aldridge suggests there’s a partial guarantee on that third year (Twitter links).

Salary details aren’t yet known, but Williams would be eligible to receive up to about $30.3MM for three new years. A person with knowledge of the negotiations told Sam Amick of USA Today earlier today that a deal may end up closer to about $8.5MM annually.

Late last night, Wojnarowski and Brian Windhorst broke the news that Williams and the Clippers were making progress toward a new contract, suggesting that teams with interest in trading for the 31-year-old were becoming “increasingly resigned” to the fact that he may not be available.

A contract extension on its own doesn’t make a player ineligible to be traded, but NBA rules will prevent Williams from being dealt for the next six months if he signs an extension that adds three new years to his current contract, or includes a raise of more than 5%. It appears that Lou Will’s extension will fit that bill, which would mean he’ll stay put at Thursday’s deadline. Even if Williams retains his trade eligibility, his agreement with the Clippers looks like a signal that he’s part of the team’s long-term plans.

Long regarded as one of the NBA’s most dangerous bench scorers, Williams has taken his game to another level since joining the Clippers in last June’s Chris Paul trade with the Rockets. In 51 games (14 starts) so far this season, the former second-round pick has put up 23.3 PPG and 5.3 APG with a shooting line of .439/.380/.900. He had been in the final year of his contract, earning a $7MM salary.

The timing of the move is interesting for the Clippers, who just cleared a considerable amount of long-term salary from their books last week by sending Blake Griffin to Detroit. There had been speculation that the front office was looking to create cap room to pursue free agents in the summer of 2019, or perhaps even 2018. Williams’ new deal figures to reduce the team’s spending flexibility.

After locking up Williams, the Clippers figure to continue exploring the trade market for deals involving some of their other veterans. As Charania notes within his report, DeAndre Jordan and Avery Bradley are both viewed as trade candidates.

Photo courtesy of USA Today Sports Images.

Knicks Trade Willy Hernangomez To Hornets

February 7th, 2018 at 1:29pm CST by Luke Adams

1:29pm: The Knicks and Hornets have both confirmed the trade, issuing press releases to announce the deal.

“We’re excited to add a player of Willy’s caliber to our team,” Hornets GM Rich Cho said in a statement. “He showed last season that he can contribute when given the opportunity and we believe that the added depth he provides will benefit our frontcourt rotation.”

In his own statement, Knicks GM Scott Perry said the deal gives the Knicks “valuable” draft picks and better positions the club as it builds for the future.

10:22am: The Knicks are in the process of finalizing a trade with the Hornets that will send center Willy Hernangomez to Charlotte, reports Shams Charania of Yahoo Sports. According to Charania, the Knicks will receive Johnny O’Bryant and a pair of second-round picks in the deal.

Those second-rounders headed to New York will be Charlotte’s own picks in 2020 and 2021, tweets Charania. Michael Scotto of The Athletic adds (via Twitter) that they’ll be unprotected.

A second-round pick himself in 2015, Hernangomez signed his first NBA contract with the Knicks in the summer of 2016 and played 72 games (22 starts) during the 2016/17 campaign. He averaged a respectable 8.2 PPG and 7.0 RPG for New York in just 18.4 minutes per contest in his rookie year, and appeared to be one of the promising young building blocks for the franchise.

This season, however, the arrival of Enes Kanter and the strong play of Kyle O’Quinn have resulted in a significantly reduced role for Hernangomez, who has averaged just 9.0 MPG in 26 contests. Even with Joakim Noah not really in the mix at center for the Knicks this season, there has been little room in the rotation for Hernangomez, prompting the young big man to repeatedly express a desire to play more. We heard earlier this week that the 23-year-old’s reps had requested a trade.

For the Knicks, the move comes on the heels of Kristaps Porzingis‘ season-ending ACL injury. Entering the season, the team had identified Porzingis and Hernangomez as two core pieces for its rebuild, along with Frank Ntilikina and Tim Hardaway Jr. Now, in the span of two days, Porzingis has potentially been lost until the 2019 calendar year, while Hernangomez is headed to Charlotte.

As for the Hornets, they’ll pick up an intriguing prospect who still has two more years left on his contract after the 2017/18 season. That contract is extremely team-friendly, with Hernangomez set to earn $1.54MM in 2018/19 and $1.68MM in 2019/20. Those modest salaries are especially appealing for the Hornets, whose cap sheet is currently overloaded with eight-figure salaries.

While Hernangomez is a nice pickup for the Hornets, the team runs the risk of creating the same sort of frontcourt logjam that plagued the Knicks. Dwight Howard is the starting center in Charlotte, with Cody Zeller and Frank Kaminsky also earning minutes at the five. It will be interesting to see if the Hornets plan to hang onto all those players through Thursday’s trade deadline.

Since they can take on O’Bryant’s salary using the minimum salary exception, the Knicks will create a very minor trade exception in the swap — it’ll be worth $1,435,750, the amount of Hernangomez’s salary for 2017/18.

Meanwhile, the two draft picks acquired by New York in the deal will essentially replace the Knicks’ own 2020 and 2021 second-rounders, which the team traded to Philadelphia back on draft day in 2015. The Knicks’ return in that trade with the Sixers was the No. 35 overall pick in the 2015 draft — the selection used to nab Hernangomez.

Bucks Acquire Zeller From Nets, Deal Vaughn

February 5th, 2018 at 8:04pm CST by Dana Gauruder

8:04pm: The deal is official, according to a Nets press release.

5:45pm: The Bucks will acquire center Tyler Zeller from the Nets in exchange for shooting guard Rashad Vaughn and a second-round pick, according to ESPN’s Adrian Wojnarowski (Twitter links).

The Bucks will forward their second-round pick to Brooklyn in this summer’s draft if it falls between 31 and 47 overall, Wojnarowski adds in a separate tweet. Otherwise, the Suns will receive it as part of the Eric Bledsoe deal. Brooklyn was mainly interested in adding the draft pick, Wojnarowski adds (Twitter link).

Milwaukee will be Zeller’s fourth team. He played the last three seasons with the Celtics before signing a low-cost, two-year deal with Brooklyn. His $1.93MM contract for next season isn’t guaranteed. Zeller, 28, started 33 of 42 games with the Nets this season, averaging 7.1 PPG and 4.6 RPG in 16.7 MPG.

The 7-footer provides another big body in the middle. The Bucks have utilized John Henson and Thon Maker at center for the most part and also have Marshall Plumlee in reserve.

Vaughn, who has played all three of his seasons with the Bucks, has seen spot duty this season. He’s appeared in 22 games, averaging 2.7 PPG and 7.9 MPG. Vaughn, who is still just 21 years old, was the 17th overall pick of the 2015 draft. He’s making $1.9MM this season and becomes an unrestricted free agent this summer.

Pelicans Sign DeAndre Liggins To Two-Year Deal

February 5th, 2018 at 11:59am CST by marksuleymanov

FEBRUARY 5: The Pelicans have officially re-signed Liggins, the team announced today in a press release. The club now has a full 15-man roster once again.

FEBRUARY 4: The Pelicans are bringing back guard DeAndre Liggins on a two-year deal, tweets ESPN’s Adrian Wojnarowski.

Liggins has inked a pair of 10-day contracts with the Pelicans already this season, with the most recent one expiring late in January. Woj noted that Liggins’ perimeter defense impressed the Pelicans, paving the way for a guaranteed contract.

Liggins, 29, started the season with the Bucks after a merry-go-round of an offseason. He was traded from the Mavericks to the Rockets; traded to the Hawks and waived; claimed by the Heat and waived; and finally claimed off waivers by the Bucks.

In 31 games in Milwaukee, Liggins averaged just 1.8 PPG. In four games with the Pelicans during his two 10-day deals, Liggins averaged 4.3 PPG.

Pelicans Sign Emeka Okafor To 10-Day Contract

February 3rd, 2018 at 3:05pm CST by marksuleymanov

3:05pm: The Pelicans have officially signed Okafor to a 10-day deal, the team announced today in a press release.

9:22am: The Pelicans are finalizing a 10-day contract with former second overall pick Emeka Okafor, tweets Shams Charania of The Vertical.

Okafor, 35, last appeared in the NBA in 2012/13 with the Wizards. However, a herniated disc in Okafor’s neck caused him to miss the entire 2013/14 campaign and he had not reached the NBA since. This season, he has played with the G League Delaware 87ers, the affiliate of the Sixers. In 26 games with Delaware, Okafor averaged 6.8 PPG and 8.0 RPG in 19.9 minutes per contest.

In nine NBA seasons with the defunct Bobcats, Hornets, and Wizards, the 2005 Rookie of the Year averaged 12.3 PPG and 9,9 RPG in 590 games.

The Pelicans were finalizing a 10-day deal with Terrence Jones on Friday before changing course, electing to keep their roster spots open.

Pelicans No Longer Finalizing 10-Day Deal With Terrence Jones

February 2nd, 2018 at 7:35pm CST by Austin Kent

7:35pm: The Pels have changed course and are no longer pursuing a deal with Jones, Charania tweets. They’ll leave their roster spots open for now.

6:06pm: The Pelicans are finalizing a 10-day deal with Terrence Jones, Shams Charania of Yahoo Sports tweets. Jones, of course, suited up in 51 games for the team last season before he was waived in February.

Jones, just 26 years old, averaged 11.5 points and 5.9 rebounds per game for the Pels in 2016/17 but failed to stick with the franchise. He later inked a 10-day pact with the Bucks in March of 2017 but didn’t stick there either.

Last summer Jones signed a contract in China, hoping to parlay that into another NBA gig but only lasted three weeks with the team before he was kicked out of a practice and eventually waived.

Prior to his signing in China, Jones himself admitted to making immature decisions in his life. While the ensuing result of his tenure abroad doesn’t inspire confidence that he’s completely matured, it’s not hard to understand why he remains an intriguing NBA project.

Jones’ per-36 numbers have always been rather appealing fluctuating at or near 16 points and nine rebounds every year but his rookie campaign with the Rockets.

The Pels will hold all the leverage with Jones this time around, effectively given the chance to audition him for 10 days to gauge his maturity level. After missing out on Greg Monroe, who committed to the Celtics earlier today, Jones will slot into a center position left vacant by the injured DeMarcus Cousins.

When Monroe was available, the Pels were willing to float a starting nod but it’s unclear whether that will apply to Jones as well, given that he doesn’t have Moose’s track record.

Suns Sign Josh Gray To 10-Day Deal

February 2nd, 2018 at 11:34am CST by Luke Adams

11:34am: The Suns have officially signed Gray to a 10-day contract, confirming the deal in a press release.

11:30am: The Suns are expected to sign G League guard Josh Gray to a 10-day contract at some point today, according to Scott Bordow of The Arizona Republic (Twitter link). A corresponding roster move won’t be necessary, since Phoenix opened up a roster spot by waiving Greg Monroe on Thursday.

[RELATED: Suns buy out Greg Monroe]

Gray, 24, went undrafted out of LSU in 2016 and has played for the Northern Arizona Suns, Phoenix’s G League affiliate, over the last two seasons. After a solid rookie season, Gray has improved his production in 2017/18, averaging 17.9 PPG, 5.9 APG, 4.0 RPG, and 2.3 SPG with a .447/.421/.758 shooting line in 31 games.

Back in October, we heard that Gray had received multiple offers from teams overseas, but decided to return to the G League in the hopes of earning an NBA call-up at some point this season. It appears he’ll get that opportunity with the Suns.

Assuming Gray’s 10-day deal with Phoenix is finalized today, he’ll remain under contract through February 11. After that, the Suns could sign him to one more 10-day deal, then would have to decide whether or not to lock him up for the rest of the season.

Pelicans Acquire Nikola Mirotic From Bulls

February 1st, 2018 at 5:15pm CST by Luke Adams

The Pelicans and Bulls have finalized a trade that sends forward Nikola Mirotic to New Orleans, with both clubs confirming via press releases that the deal is official. ESPN’s Adrian Wojnarowski (Twitter link) first reported that the Pelicans and Bulls had reached an agreement in principle.

The two teams appeared to be on the verge of a trade earlier this week, but hit a roadblock in the form of Mirotic’s $12.5MM team option for 2018/19. The veteran forward, who had veto rights unless that option was exercised, wanted New Orleans to pick it up, but the Pelicans were initially unwilling to do so due to concerns about their ability to retain Mirotic and re-sign DeMarcus Cousins without going into luxury tax territory.

The Pelicans have now guaranteed Mirotic’s $12.5MM salary for next season, which clinched the deal, per Wojnarowski (via Twitter). Omer Asik and a future first-round pick are headed to Chicago, as was the case in the initial agreement.

New Orleans needed to include at least one more salary to stay under a hard cap, so Tony Allen heads to Chicago too, according to Shams Charania of Yahoo Sports (Twitter link). Allen will likely be waived by the Bulls, Woj tweets.

The Pelicans will open one extra roster spot by also adding Jameer Nelson to the trade, tweets K.C. Johnson of The Chicago Tribune. Nelson may also be cut, but it probably won’t happen immediately, per Johnson, who tweets that the point guard’s future is unclear. Paxson said that there is a week left until the trade deadline so the Bulls still have time to decide on waiving players, Johnson tweets.

In order to complete a three-for-one deal, the Bulls will have to open up a roster spot, since they currently only have a single opening. Quincy Pondexter looks like the strongest candidate to be waived.

[RELATED: Bulls to waive Pondexter]

Speaking of Pondexter, according to Johnson (Twitter link), the Bulls will also be returning the Pelicans’ own 2018 second-round pick to New Orleans after initially acquiring it in a September trade that landed Pondexter in Chicago. That pick served as an incentive to convince the Pelicans to exercise Mirotic’s second-year team option, Johnson notes (via Twitter).

The first-round pick the Bulls are getting in the swap will be the Pelicans’ 2018 first-rounder, and it will have “minimal” protections, tweets Wojnarowski. TNT’s David Aldridge clarifies (via Twitter) that it’ll be top-five protected this year, while Johnson tweets that it’ll be top-eight protected in 2019. Finally, Woj adds that there will be a pick-swapping option in the 2021 draft, with the Bulls having the opportunity to swap their second-round pick for the Pelicans’ second-rounder.

“The draft asset we acquired was far and away the best thing we had got (in talks),” Bulls executive vice president John Paxson said to reporters, including Johnson. “It’s consistent with the direction and plan we talked about this summer.”

Mirotic, who has been the subject of trade rumors throughout the 2017/18 campaign, was sidelined with facial injuries to start the season after being punched by teammate Bobby Portis during an altercation in practice. Mirotic’s camp reportedly issued an ultimatum in the fall in an effort to get the Bulls to trade either Mirotic or Portis, but the power forwards were willing to bury the hatchet and coexist on the court when Mirotic got healthy.

Since returning to action, Mirotic has enjoyed the most productive year of his NBA career, averaging 16.8 PPG and 6.4 RPG to go along with a .474/.429/.823 shooting line. All of those numbers are career highs. Despite his solid play and the club’s improved record, Mirotic was still said to prefer a trade out of Chicago, and was pulled out of action this week as the Bulls attempted to finalize a deal.

As the Bulls explored the market for Mirotic, the Jazz and Pistons were cited most frequently as potential trade partners. However, Detroit landed a bigger fish on Monday, acquiring Blake Griffin from the Clippers, and Utah was reportedly unwilling to include a first-round pick in an offer for the stretch four.

The Bulls, who were said to be seeking a first-rounder for Mirotic all along, will get that pick from the Pelicans, though they’ll have to give up a second-rounder and take on an unwanted contract in the process. Asik, a former Bull, is earning about $10.6MM this season, with a guaranteed salary worth $11.29MM in 2018/19. The veteran center has one more year on his deal in 2019/20, but it’s only partially guaranteed for $3MM. Allen and Nelson are on expiring minimum salaries, so they won’t have any impact on the cap beyond this season.

As for the Pelicans, they’re set to fill the lineup hole created when Cousins went down on Friday with a season-ending Achilles injury, and they may not be done adding frontcourt help. New Orleans has been strongly linked to Greg Monroe, who is being bought out by the Suns, and Scott Kushner of The Advocate tweets that the acquisition of Mirotic won’t adversely affect the club’s pursuit of Monroe. In fact, by clearing a little salary and opening up a pair of roster spots in this deal, adding Monroe may be even more viable for the Pelicans, who have room to add two players on minimum salaries, per ESPN’s Bobby Marks (Twitter link) — still, the team may not be able to offer him as significant a role with Mirotic now in the mix.

Photo courtesy of USA Today Sports Images.

Bulls Waive Quincy Pondexter

February 1st, 2018 at 5:13pm CST by Luke Adams

5:13pm: With the Nikola Mirotic trade now official, Pondexter has formally been waived.

12:57pm: The Bulls intend to waive veteran sharpshooter Quincy Pondexter, reports Shams Charania of Yahoo Sports (Twitter link). The move will clear a second roster spot for Chicago, allowing the team to accommodate the incoming players in a three-for-one trade with the Pelicans.

Pondexter, who will turn 30 in March, missed the last two NBA seasons while dealing with health problems that were viewed as potentially life-threatening. However, he was able to get back on the court this season, playing for the Bulls after a September salary-dump trade sent him from New Orleans to Chicago.

Although Pondexter has been able to play again, he hasn’t been his old self — in 23 games (8.5 MPG) for the Bulls, he has averaged just 2.0 PPG with a dismal .286/.136/.824 shooting line. Coming into 2017/18, he owned a career .424 FG% and .365 3PT%.

Pondexter’s $3,853,931 salary will remain on the Bulls’ cap for this season, but that’s not of major concern to the franchise, since team salary remains below the minimum floor for 2017/18. Pondexter’s contract expires at season’s end, so Chicago won’t be on the hook for any future salary.

Suns Buy Out Greg Monroe

February 1st, 2018 at 4:06pm CST by clarkcrum

FEBRUARY 1, 4:06pm: The Suns have officially waived Monroe, according to a press release issued by the club. He’s on track to clear waivers on Saturday.

We rounded up several rumors on Monroe’s next landing spot earlier today.

JANUARY 31, 9:53pm: The Suns and Greg Monroe have reached an agreement on a buyout, tweets Scott Bordow of The Arizona Republic. Adrian Wojnarowski of ESPN adds that there will be “significant interest” around the league in signing Monroe to a rest-of-the-season contract once he becomes an unrestricted free agent.

The timing of the deal is a bit peculiar with the trade deadline about a week away, but Bordow surmises that a worthy deal likely wouldn’t have materialized for Monroe anyway, so the timing really didn’t matter to Phoenix. Wojnarowski adds that the Suns did in fact exhaust all trade possibilities before agreeing to the buyout.

Monroe, who was sent to the Suns earlier this season in the move that landed Eric Bledsoe in Milwaukee, had seen inconsistent minutes since arriving in Phoenix, with Tyson Chandler and Alex Len also vying for minutes at the five. Monroe has been viewed as a candidate to be traded or bought out since the Suns acquired him — a trade would have been challenging due to his $17.88MM cap hit.

Earlier in the evening, John Gambadoro of ArizonaSports.com opined that a buyout could be forthcoming after Monroe was not in attendance for tonight’s game against Dallas. Multiple sources indicate that the Celtics, who possess an $8.4MM disabled player exception, are a team to watch in the Monroe sweepstakes, with Chris Mannix of Yahoo Sports reporting that the interest is expected to be mutual.

Helping Boston is the fact that its disabled player exception – acquired as a result of the season-ending injury to Gordon Hayward – does not prorate throughout the season. As detailed by ESPN’s Bobby Marks, this is different from the mid-level exception that most teams would utilize to offer Monroe a salary over the minimum.

In addition to the Celtics, another team said to be interested in Monroe is the Pelicans, per Bordow. New Orleans is in a position to make the playoffs and just lost All-Star DeMarcus Cousins for the rest of the season. Moreover, a potential deal for Nikola Mirotic just fell through after New Orleans refused to guarantee Mirotic’s 2018/19 salary.

New Orleans is over the cap and wouldn’t be able to offer a free agent more than the prorated portion of the bi-annual exception — even that would be tricky due to the team’s hard cap and tax ramifications. Still, Monroe is from the New Orleans area, so the Pelicans may be hoping that he is willing to take some sort of hometown discount. In addition, New Orleans could offer him a starting position, while the Celtics would almost certainly bring him off the bench.

The Thunder could also be a dark horse in the Monroe sweepstakes, according to Mannix. Meanwhile, the Bucks are ineligible to re-sign Monroe after trading him earlier in the league year.