Transactions Rumors | Hoops Rumors

Lakers Waive David Nwaba

July 12th, 2017 at 11:27am CST by Luke Adams

The Lakers have waived shooting guard David Nwaba, the team announced today in a press release. The move appears to be a precursor to L.A. finalizing its contract agreement with Kentavious Caldwell-Pope.

Nwaba, 24, made his NBA debut with the Lakers earlier this year after signing a 10-day contract with the team. The 6’4″ shooting guard eventually earned a second 10-day deal and then a rest-of-season contract with an option for ’17/18.

In 20 regular season contests (19.8 MPG), Nwaba averaged 6.0 PPG and 3.2 RPG for the Lakers. The team was also said to be impressed with his play on defense. Nwaba did enough to get the club to pick up his team option last month, but his salary for 2017/18 remained non-guaranteed, making him a candidate to be waived when the Lakers needed to clear a little extra cap flexibility.

With Nwaba’s minimum salary contract off the books, the Lakers have about $17.7MM in cap room. There’s a good chance the team will sign second-round pick Thomas Bryant to a contract using cap space before finalizing its deal with Caldwell-Pope, since that would allow for a longer-term contract for the rookie without reducing the team’s cap room — Bryant’s $816K minimum salary would replace an $816K charge for an empty roster spot.

After that, the Lakers could make Caldwell-Pope’s deal official and would still have the $4.3MM room exception to add another player. The club could also re-sign Nwaba to a new minimum salary deal at some point. However, he’d have to clear waivers first, and there’s no guarantee another team won’t claim him later this week.

Cavs Sign Jeff Green

July 11th, 2017 at 5:36pm CST by Austin Kent

JULY 11: Jeff Green has officially signed with the Cavaliers, reports Chris Fedor of Cleveland.com. The team announced the signing in a Tuesday evening press release.

JULY 7: The Cavaliers have reached a deal with forward Jeff Green, Jeff Zillgitt of USA Today tweets. Brian Windhorst of ESPN adds that the deal in place is a one-year pact worth $2.3MM.

After signing a previous one-year, $15MM deal with the Magic last offseason, Green averaged 9.2 points and 3.1 rebounds per game. The considerable pay decrease on the heels of a career worst season comes with a drastically improved chance of playing for a winner and is a low-risk, high-reward move for the reigning Eastern Conference champions.

The 30-year-old has bounced around since coming into the league in 2007/08, some of his best years coming early in his career with the Thunder, and as a result it’s been difficult to truly assess what he’s worth. That, perhaps, has never been more evident than when one compares the contrasting deals the forward signed this summer versus last.

Clippers Sign Jawun Evans

July 11th, 2017 at 4:23pm CST by Joshua Fischman

The Clippers have signed rookie guard Jawun Evans, reports Marc J. Spears of ESPN (link via Twitter). Although the team hasn’t yet made a formal announcement, the NBA’s transactions log suggests the move is official.

Evans was drafted by the 76ers with the 39th overall pick in the second round and then traded to the Clippers for cash considerations. In his first three games of the Las Vegas Summer League, the Oklahoma State product has averaged 6.3 PPG, 4.0 APG, and 3.0 RPG on 50% shooting.

Terms of the deal aren’t yet known, but with no cap room available, the Clippers will have to either offer a minimum salary or use part of their mid-level exception to lock up Evans. A minimum salary deal would be limited to two years, while the mid-level could be used to offer more years and a little more money. The club used $6MM of its $8.4MM MLE to sign Milos Teodosic.

For comparison’s sake, Diamond Stone – 2016’s 40th overall pick – received a fully guaranteed, two-year minimum salary contract when he signed with the Clippers last year.

Nuggets Waive Mike Miller

July 11th, 2017 at 3:00pm CST by Luke Adams

The Nuggets have parted ways with Mike Miller, announcing today that the veteran guard has been waived from the roster (Twitter link). Miller’s salary for 2017/18 would reportedly have become fully guaranteed if he remained under contract beyond Wednesday.

Miller, 37, appeared in just 20 games for the Nuggets last year in his second season with the club. The veteran sharpshooter played a career-low 7.6 minutes per game, averaging just 1.4 PPG and 1.9 RPG. During his very limited playing time, Miller still exhibited an ability to shoot from outside, making 40% of his three-pointers (albeit on just 20 attempts).

Miller’s contract with the Nuggets called for him to earn a $3.5MM salary in 2017/18, but that entire figure was non-guaranteed, according to Basketball Insiders. As such, cutting Miller allows Denver to clear that amount from its cap, opening up a little more room.

Assuming Mason Plumlee‘s cap hold stays on the Nuggets’ books and Paul Millsap‘s deal is finalized soon, the team should have about $5.5MM in cap space, plus its $4.3MM room exception. Those figures can’t be combined to use on a single player.

Grizzlies Sign Rade Zagorac

July 11th, 2017 at 1:31pm CST by Luke Adams

1:31pm: Eric Pincus of Basketball Insiders clarifies the details on Zagorac’s contract, tweeting that it’s actually a three-year deal, with a third-year team option. The Grizzlies used part of their mid-level exception to give the Serbian swingman a $950K first-year salary.

12:25pm: Zagorac’s deal is a two-year contract with a team option on the second year, tweets Keith Smith of RealGM.

12:23pm: Draft-and-stash prospect Rade Zagorac has signed an NBA contract with the Grizzlies, according to the league’s official transactions page. While exact terms of the agreement aren’t known, RealGM’s transactions log lists Zagorac’s new deal as a multiyear pact.

Zagorac, whose rights were acquired by the Grizzlies in a 2016 draft-night trade that also sent No. 31 pick Deyonta Davis to Memphis, was the 35th overall selection in last year’s draft. He remained overseas for one more year and was the leading scorer for KK Mega Leks in Serbia in 2016/17. In 26 ABA League games, Zagorac has averaged 15.0 PPG, 6.5 RPG, and 2.5 APG.

The 21-year-old swingman, who has been playing for the Grizzlies’ Summer League team this month, isn’t subject to the NBA’s rookie scale, as a former second-round pick. As such, Memphis would have had to use an exception to sign him — the team still has a portion of its mid-level available after inking Ben McLemore to a deal worth $5.2MM in 2017/18, so it’s possible Zagorac received a chunk of that MLE.

Meanwhile, RealGM’s transactions log notes that the Grizzlies have also signed Jeremy Morgan, another member of the club’s Summer League squad, to an NBA contract.

A 6’5″ guard out of Northern Iowa, Morgan appears to have received just a one-year contract, though we’ll have to wait on the exact terms of his deal. He’s probably more likely to end up on the roster for the Grizzlies’ G League affiliate, the Memphis Hustle, than on the NBA team.

Frank Jackson Signs With Pelicans

July 11th, 2017 at 10:14am CST by Arthur Hill

JULY 11: The Pelicans have officially signed Jackson, the team announced today in a press release. While terms of the agreement weren’t disclosed by the club, a three-year contract for Jackson – as reported below – would mean dipping into New Orleans’ mid-level exception.

JULY 8: The Pelicans have worked out a three-year deal with second-round pick Frank Jackson, tweets Shams Charania of The Vertical. The 31st overall selection out of Duke will get two guaranteed seasons, along with a partial guarantee for the third year.

New Orleans traded the 40th pick and $1.8MM to Charlotte on draft night for the right to move up and take Jackson. He figures to compete for playing time right away in a Pelicans backcourt that is still being rebuilt after it was depleted in the February trade for DeMarcus Cousins.

Jackson, a 6’4″ combo guard, averaged 10.9 points per game during his lone season with the Blue Devils.

Patrick Patterson Signs With Thunder

July 10th, 2017 at 10:52pm CST by Luke Adams

JULY 10th, 10:52pm: Patterson has officially signed with the team, according to a Thunder press release.

JULY 4th, 9:07pm: The Thunder have reached an agreement with free agent big man Patrick Patterson, according to Adrian Wojnarowski of ESPN, who reports (via Twitter) that the two sides will do a three-year, $16.4MM deal. The third year on the contract will be a player option, Wojnarowski adds (via Twitter).

[RELATED: 2017 NBA Free Agent Tracker]

Patterson, 28, had been with the Raptors since arriving in Toronto during the 2013/14 season as part of the team’s Rudy Gay trade with Sacramento. He was a reliable part of the Raptors’ rotation over the last three and a half years, providing rebounding, guarding opposing bigs, and making shots from outside (.372 3PT% in 2016/17).

Based on the reported terms of Patterson’s new deal with the Thunder, he’ll be receiving the club’s full taxpayer mid-level exception, which is worth $16,354,800 over three years. Oklahoma City technically isn’t into tax territory yet, but the club is getting close to that threshold, and hasn’t yet re-signed restricted free agent Andre Roberson. Using the taxpayer MLE allows the Thunder to avoid being hard-capped for 2017/18, giving the club the flexibility to retain Roberson.

Oklahoma City is parting with Domantas Sabonis in its deal for Paul George, and lost Taj Gibson to the Timberwolves this week, so Patterson will help replenish the depth in the club’s frontcourt. Within his report on the agreement, Wojnarowski suggests that the Thunder envision Patterson as a starter, meaning the veteran figures to play alongside center Steven Adams, with Enes Kanter continuing to come off the bench.

Prior to their agreement with Patterson, the Thunder had been exploring a deal with Rudy Gay. ESPN’s Royce Young tweeted today that OKC appeared to be Gay’s preferred landing spot, but there was a “sizable gap” between his asking price and what the Thunder could offer. With Patterson now in the mix using the MLE, the Thunder may be out of the running on Gay, since acquiring anyone via a sign-and-trade would create a hard cap.

Photo courtesy of USA Today Sports Images.

Pacers Sign Bojan Bogdanovic

July 10th, 2017 at 10:48pm CST by Luke Adams

JULY 10th, 10:48pm: Bogdanovic has officially signed with the team, according to a Pacers press release.

JULY 7th, 1:48pm: The Pacers have agreed to sign Bojan Bogdanovic to a two-year, $21MM contract with a partial guarantee in year two, reports ESPN’s Adrian Wojnarowski (Twitter links). The news comes right on the heels of a report that the Wizards pulled Bogdanovic’s qualifying offer, making him an unrestricted free agent.

Bogdanovic, 28, enjoyed the best season of his NBA career in 2016/17, starting 54 games for the Nets before being sent to the Wizards at the trade deadline. For the season, the 6’8″ swingman averaged 13.7 PPG and 3.4 RPG, with a .445/.367/.893 shooting line. He also chipped in 8.8 PPG and 4.3 RPG in 13 playoff games for Washington.

After receiving a qualifying offer from the Wizards, Bogdanovic entered July as a restricted free agent. However, Washington’s priority was to retain Otto Porter, and the team is now poised to match an offer sheet for Porter from the Nets. That put Bogdanovic out of the Wizards’ price range, particularly after the club agreed to sign a lower-cost replacement in Jodie Meeks.

Reports earlier in free agency pegged Bogdanovic’s asking price at $16MM per year over three or four seasons, which might have been attainable last summer, but was never realistic in this year’s market. The Pacers will get him at a $10.5MM annual salary, and will have an out for the second year if things don’t work out in Indiana in 2017/18. The new-look Pacers likely envision Bogdanovic as a replacement for C.J. Miles, who remains on the free agent market.

The Pacers will use cap room to sign Bogdanovic, and won’t have a whole lot of space left after also having signed Darren Collison to a deal that looks similar to Bogdanovic’s. Based on my rough calculations, Indiana’s team salary will be at around $94MM after officially adding Bogdanovic.

Finally, it’s worth noting that Bojan Bogdanovic is not the same player as Bogdan Bogdanovic, who has agreed to a three-year deal with the Kings.

Photo courtesy of USA Today Sports Images.

Thunder Sign Raymond Felton To One-Year Deal

July 10th, 2017 at 10:45pm CST by Austin Kent

JULY 10th, 10:45pm: Felton has officially signed with the club, according to a team press release.

JULY 7th, 4:58pm: The Thunder have agreed to a one-year deal with veteran point guard Raymond Felton, Chris Haynes of ESPN tweets. The 32-year-old suited up for the Clippers in 2016/17.

The journeyman playmaker has bounced around over the course of the past decade, suiting up for seven teams since 2009/10. This year, on the heels of a 6.7 point-per-game campaign, he’ll slot in behind Russell Westbrook on Oklahoma City’s depth chart.

The Thunder had been actively seeking support for when Westbrook took breathers, unsatisfied with what rookie point guard Semaj Christon was able to provide in his first season with the club.

Felton’s track record has left much to be desired over the past few seasons but there’s hope that in the right situation he can be a serviceable reserve. In five playoff games for the Clippers in 2015/16, including four emergency starts, he averaged 15.0 points and 4.6 assists per game.

Oklahoma City has already used its taxpayer mid-level exception, so Felton figures to get a minimum salary deal.

Jose Calderon Signs With Cavaliers

July 10th, 2017 at 8:06pm CST by Arthur Hill

JULY 10th, 8:06pm: The signing is official, according to a press release on the team’s website.

JULY 1st, 8:05pm: Veteran point guard Jose Calderon has agreed to a deal with the Cavaliers, according to a tweet from his agency, Priority Sports.

Calderon, 35, will receive a one-year contract for the league minimum, which will pay him about $2.3MM, relays Joe Vardon of Cleveland.com, although it will only count roughly $1.47MM against Cleveland’s cap. Facing potentially huge luxury tax payments, the Cavs have been searching for inexpensive help for their bench.

The addition of Calderon may be a sign that free agent Deron Williams won’t return to Cleveland after signing with the team in late February.

Calderon split last season between the Lakers and Hawks and put up career lows in scoring, assists and field goal percentage.