Transactions Rumors | Hoops Rumors

Wizards Waive Dillon Jones

October 19th, 2025 at 3:10pm CST by Rory Maher

3:10 pm: Jones has been waived, according to the Wizards (Twitter link).

2:07 pm: In order to set their 15-man standard roster for the regular season, the Wizards will waive Dillon Jones, sources tell Josh Robbins of The Athletic (Twitter link).

If he goes unclaimed on the waiver wire, the Wizards will carry a dead-money cap hit worth $2,753,280 for the remainder of the season, since Jones’ salary is fully guaranteed. Washington will decline its third-year option on Jones as part of the move.

Jones was the 26th overall pick of the 2024 NBA draft after a standout college career at Weber State. He spent his rookie season season with the Thunder, who traded him to Washington along with a second-round pick in a salary-dump deal in late June, shortly after Oklahoma City won its first championship.

A 6’5″ forward, Jones averaged 2.5 points and 2.2 rebounds in 54 regular season games with the Thunder (10.2 minutes per contest). He also played 23 G League games (32.3 MPG) with the Oklahoma City Blue, averaging 13.5 PPG, 7.4 RPG and 5.7 APG on .422/.296/.667 shooting.

Jones, who turns 24 years old in 10 days, appeared in three preseason games with the Wizards, averaging 2.0 PPG, 3.0 RPG and 1.3 SPG in 11.3 MPG.

Our Luke Adams speculated this morning that Jones might be the odd man out in Washington when he checked in on the roster situations around the league.

Although he’s being released by the Wizards, it doesn’t sound like Jones will be out of the NBA for long. Both Jake Fischer of The Stein Line and Michael Scotto of HoopsHype say Jones is expected to draw “strong interest” on the two-way contract market (Twitter links).

Kevin Durant Signs Two-Year Extension With Rockets

October 19th, 2025 at 12:15pm CST by Luke Adams

12:15 pm: Durant’s extension is now official, the Rockets announced in a press release (Twitter link).

8:02 am: The Rockets and star forward Kevin Durant have agreed to terms on a new two-year contract extension, his business partner Rich Kleiman tells Shams Charania of ESPN (Twitter link). According to Charania, the deal is worth $90MM and includes a second-year player option for the 2027/28 season.

Houston was one of the teams on Durant’s list of preferred destinations when the Suns put him on the trade block during the summer, so there was an expectation after the two teams agreed to a deal that Durant and the Rockets would work out an agreement of their own sooner or later.

However, there was also a sense that the Rockets weren’t willing to give Durant the maximum extension he was been eligible for, which was worth roughly $119MM over two years (based on a projected $166MM cap). That maximum salary figure would’ve increased slightly at the six-month mark after the trade, but the 37-year-old couldn’t sign an extension longer than two years due to the over-38 rule.

Ultimately, the two sides agreed to an extension that will see Durant take a pay cut from his current $54.7MM salary but still represents a massive payday for a player entering his 19th NBA season. According to Charania (Twitter link), there was an understanding when Durant was dealt to the Rockets that he wouldn’t push for a maximum contract in order to help the team maintain flexibility to build and retain its roster going forward.

Durant has expressed this fall that he feels comfortable in Houston, where he has reunited with one-time Seattle SuperSonics teammate Jeff Green (story via Danielle Lerner of The Houston Chronicle) and fellow University of Texas alums Royal Ivey, D.J. Augustin, and Dexter Pittman, each of whom has a role within the Rockets’ organization (story via Lerner). As Chris Mannix of SI.com wrote in a feature story earlier this week, Durant is hopeful that he’ll retire as a Rocket.

“I’m looking to be here as long as I can, play my last years of my career,” he said. “That’s the intent. I know, I said that about Phoenix, too, but that’s the intent. I would love to do that. I mean, I’m 37 years old and I’m going on 19 years in the league. I want to be solidified in a spot and build with a team with a group of guys that’s going to be around for a while. So hopefully this is it.”

Although Durant’s stint with the Suns didn’t play out as he or the team hoped, the 15-time All-Star continued to put up monster offensive numbers during his time in Phoenix. In 62 games last season, he averaged 26.6 points, 6.0 rebounds, and 4.2 assists in 36.5 minutes per night, with a shooting line of .527/.430/.839.

The Rockets are optimistic that Durant’s ability to score in the half-court setting will raise their ceiling after they struggled in those situations, especially in crunch time, during last season’s first-round playoff series vs. Golden State.

As Bobby Marks of ESPN notes (via Twitter), Houston was projected to be about $80MM below the second tax apron in 2026/27 prior to Durant’s deal. His new salary will come in low enough to allow the club to extend Tari Eason and fill out its roster in free agency next summer while remaining below that threshold. Eason is eligible to sign a rookie scale extension today or Monday — if he doesn’t work out a deal with the Rockets at this time, he’ll be a restricted free agent next summer.

According to Charania (Twitter link), Durant’s new contract – including the player option – increases his total career current and future earnings to over $598MM, which is an NBA record. LeBron James was the previous record-holder, coming in just below $584MM.

Raptors Bring Back A.J. Lawson On Two-Way Contract

October 18th, 2025 at 7:05pm CST by Dana Gauruder

7:05 pm: Lawson has officially rejoined the Raptors on a two-way contract, per NBA.com’s transaction log.

9:10 am: The Raptors are re-signing guard A.J. Lawson on a two-way deal, HoopsHype’s Michael Scotto tweets.

Michael Grange of Sportsnet.ca first reported that the Raptors were expected to bring back Lawson on a two-way contract.

Lawson was on the team’s camp roster but was cut on Thursday and will clear waivers later today. The team didn’t have the ability to convert him directly to a two-way contract because he hadn’t been on an Exhibit 10 deal.

Lawson, 25, is a Toronto native who holds three years of NBA experience. He signed a two-way deal with his hometown team last December and was promoted to a multiyear standard deal in April, just before the season ended. However, Lawson’s salary for 2025/26 was non-guaranteed and the Raptors opted for financial flexibility due to their current cap/tax situation.

In 26 games with the Raptors last season, Lawson averaged 9.1 points and 3.3 rebounds in 18.7 minutes per contest on .421/.327/.683 shooting. He has also played for Dallas and Minnesota.

Toronto has a two-way opening, so a corresponding move won’t be necessary. The Raptors currently have 14 players on guaranteed contracts on their standard roster and will likely remain one below the maximum entering the season.

Suns Waive McDermott, Mariano To Set Roster

October 18th, 2025 at 6:50pm CST by Luke Adams

After signing them on Friday, the Suns have officially waived forward Sean McDermott and wing Nathan Mariano, according to the transaction log at NBA.com.

McDermott, 28, appeared in 18 games for the Grizzlies on a two-way deal back in 2020/21, but hasn’t been in the NBA since then. The former Butler Bulldog spent a few seasons in the G League with the Memphis Hustle before continuing his career overseas, playing in Italy and Turkey the past two years.

Marino, 22, is a 6’9″ wing. He has spent several seasons playing professionally for Franca in Brazil, his home country.

Both players are likely to suit up this fall for the Valley Suns. The Exhibit 10 contracts they signed with Phoenix will make them eligible for bonuses worth up to $85,300 if they spend at least 60 days with the Suns’ G League team.

[RELATED: 2025/26 NBA Roster Counts]

As a result of the cuts, Phoenix now has 14 players on standard contracts and three on two-way deals, so the team’s roster is set for the regular season. The Suns could fill their 15th standard roster spot before their season gets underway next week, but likely won’t do so since they’re operating slightly over the luxury tax line.

Celtics Make Cuts To Set Regular Season Roster

October 18th, 2025 at 6:09pm CST by Luke Adams

The Celtics officially waived forward Hason Ward and wing Aaron Scott from their Exhibit 10 contracts on Saturday, according to NBA.com’s transaction log. Boston also moved forward with its plan to sign-and-waive RJ Luis, officially placing him back on waivers today.

As a result of the cuts, the Celtics’ roster now appears ready to go for the regular season. The team is carrying 14 players on standard contracts, including 12 on fully guaranteed salaries and Jordan Walsh and Neemias Queta on partially guaranteed deals. Additionally, all three of the club’s two-way slots are filled.

Boston isn’t expected to fill its 15th standard roster slot early in the season due to its proximity to the luxury tax line. Any player the Celtics sign into that slot would cost them exponentially more in tax penalties.

Ward, Scott, and Luis are all expected to report to the Maine Celtics, Boston’s G League affiliate. They’ll be eligible for bonuses worth up to $85,300 on top of their standard NBAGL salaries if they spend at least 60 days with Maine.

This is the second time this month that Luis has been waived by the Celtics — they needed to bring him back on an Exhibit 10 contract in order to make sure he was eligible for the bonus he’ll get for spending two-plus months with the G League team.

Cavs Sign, Waive Zeke Mayo

October 18th, 2025 at 5:59pm CST by Dana Gauruder

5:59 pm: Mayo has been waived, per NBA.com’s transaction log, putting him on track to sign a G League contract and join the Charge.

10:14 am: The Cavaliers have added guard Zeke Mayo on an Exhibit 10 contract, Spotrac contributor Keith Smith tweets.

Mayo, an undrafted rookie out of Kansas, was a member of the Wizards’ Summer League team. He played one season for the Jayhawks, averaging 14.6 points, 4.8 rebounds and 2.9 assists while shooting 42.2% from deep. He had 18 points and six rebounds in an NCAA Tournament first-round loss to Arkansas.

Prior to that, Mayo spent three seasons with South Dakota State and was named the Summit League Player of the Year in 2024.

The 6’4” guard will likely be waived and join the Cleveland Charge, the Cavs’ G League affiliate. He could earn a bonus worth up to $85,300 with the Charge if he sticks with that team at least 60 days.

Hawks Convert Wallace To Standard Contract, Houstan To Two-Way

October 18th, 2025 at 5:44pm CST by Luke Adams

5:44 pm: The Hawks have officially promoted Wallace from a two-way contract to a standard deal and converted Houstan from an Exhibit 10 deal to a two-way contract, according to the transaction log at NBA.com.

3:17 pm: Point guard Keaton Wallace and forward Caleb Houstan have both made the Hawks‘ regular season roster, but their contract situations will change before opening night.

Wallace is having his two-way contract converted into a one-year standard deal, his agents at Excel Sports Management tell ESPN’s Shams Charania (Twitter link). Houstan, meanwhile, will have his Exhibit 10 contract turned into a two-way deal, according to Ohm Youngmisuk of ESPN (Twitter link).

Players on two-way contracts can’t be active for more than 50 games and aren’t postseason-eligible, whereas no such restrictions exist for standard roster players, so the decision suggests that Atlanta is prioritizing Wallace’s availability from game to game over Houstan’s, at least to open the season.

Wallace, who appeared in 31 games with the Hawks on a two-way contract last season, made his case for a promotion by averaging 5.5 points, 5.0 assists, and 1.5 steals in 16.6 minutes per game across four preseason outings. He did struggle with his shot this month, knocking down just 30.8% of his attempts from the floor, including 8.3% of his three-pointers.

The Hawks don’t really have a traditional point guard backing up star Trae Young, with Dyson Daniels and Luke Kennard among the players excepted to take on ball-handling responsibilities, so there could be a path for Wallace to earn some minutes for the club.

As for Houstan, the former Magic sharpshooter has three years of NBA service under his belt, so this will be his final season of two-way eligibility. He joins Eli Ndiaye and Jacob Toppin as Atlanta’s two-way players.

Clippers Waive Three Players, Convert Telfort To Two-Way Deal

October 18th, 2025 at 5:43pm CST by Luke Adams

5:43 pm: All of the Clippers’ roster moves outlined below, including Telfort’s promotion to a two-way deal, are now official, per NBA.com’s transaction log.

2:32 pm: The Clippers are setting their regular season roster by waiving Jason Preston, Patrick Baldwin Jr., and TyTy Washington Jr. while converting Jahmyl Telfort to a two-way contract, according to Law Murray of The Athletic (Twitter link).

Shams Charania of ESPN first reported (via Twitter) that Telfort would fill L.A.’s open two-way slot. The team created that opening four days ago by cutting Trentyn Flowers.

Telfort, who went undrafted out of Butler in June, averaged 16.0 points, 4.7 rebounds, and 3.4 assists per game as a super-senior in 2024/25 before becoming draft-eligible. The 6’7″ forward suited up for the Clippers’ Summer League team in July, averaging 3.6 PPG, 2.4 RPG, and 1.4 APG in 12.3 MPG across five appearances in Las Vegas.

Telfort appeared in three of the Clippers’ preseason games, scoring just nine total points in about 29 minutes of action, but the team has decided to keep him around over Preston, Baldwin, and Washington, all of whom have NBA experience and all of whom were also on Exhibit 10 contracts. According to Murray (Twitter link), Telfort has impressed the team in recent weeks with his awareness, defensive effort and versatility, and toughness.

Preston, Baldwin, and Washington would each be eligible to earn a bonus worth $85,300 if they report to the San Diego Clippers this fall and spend at least 60 days with L.A.’s G League affiliate.

The Clippers, who are too close to their hard cap to carry a full roster to open the season, will have 14 players on standard contracts and three on two-way deals once these transactions are official.

Spurs Waive Flagler, Umude, Potter; Biyombo Makes Team

October 18th, 2025 at 5:41pm CST by Luke Adams

The Spurs have waived guards Adam Flagler and Stanley Umude, along with forward Micah Potter, the team announced today in a press release.

Flagler, 25, was on a two-way deal with the Thunder last season and appeared in 37 games for the champions. He rarely played outside of garbage time, averaging 1.8 points and 0.7 rebounds in 5.5 minutes per contest with a shooting line of .260/.194/.500.

Umude, 26, had a similar role for the Bucks. Appearing in 22 games while on a two-way contract with Milwaukee, the former Arkansas standout scored 15 points and grabbed 17 rebounds in 86 total minutes of action. He converted just 5-of-26 (19.2%) field goal attempts.

Potter, 27, had a more substantial role while on a two-way contract with the Jazz, averaging 4.3 PPG and 4.3 RPG in 18.6 MPG across 38 outings (10 starts).

All three players were on Exhibit 10 deals in San Antonio and will now be eligible to earn bonuses worth $85,300 apiece if they spend at least 60 days with the Austin Spurs, the team’s G League affiliate.

Veteran center Bismack Biyombo was also in camp with the Spurs on a non-guaranteed Exhibit 9 contract, but he wasn’t among today’s cuts and will make the regular season roster, tweets Michael Scotto of HoopsHype. San Antonio now has 15 players on standard contracts and three on two-way deals.

The Spurs actually made a few more roster moves on Saturday, according to Keith Smith of Spotrac, who tweets that the team signed and waived center James Banks, guard Jamaree Bouyea, and guard Kyle Mangas. That trio will likely be ticketed for Austin along with the rest of today’s cuts.

Wolves Exercise 2026/27 Options On Rob Dillingham, Terrence Shannon Jr.

October 18th, 2025 at 5:22pm CST by Arthur Hill

The Timberwolves have picked up the third-year options for guards Rob Dillingham and Terrence Shannon Jr., the team announced in a press release.

The decisions guarantee Dillingham’s $6,889,320 and Shannon’s $2,801,640 salaries for the 2026/27 season. They will both be eligible for rookie scale extensions after that season ends.

Selected out of Kentucky with the eighth pick in last year’s draft, Dillingham appeared in 49 games as a rookie, averaging 4.5 points, 1.0 rebounds and 2.0 assists in 10.5 minutes per night while shooting 44.1% from the field and 33.8% from three-point range.

Shannon, the 27th pick out of Illinois, got into 32 games and put up 4.3 points, 1.5 rebounds and 1.0 assists in 10.6 minutes per night with .482/.355/.810 shooting splits.

Both players may see increased minutes this season as Minnesota relies more on its younger guards to ease the strain on 38-year-old Mike Conley. The loss of Nickeil Alexander-Walker in free agency should also open up some more backcourt minutes.

We’re tracking all the 2026/27 rookie scale option decisions here. They are due by October 31.