Transactions Rumors | Hoops Rumors

Gordon Hayward Decision on Hold?

July 4th, 2017 at 2:34pm CST by Arthur Hill

2:34pm: Hayward has changed his mind four times since Saturday, a source tells Tony Jones of The Salt Lake Tribune (Twitter link). Agents are speculating to Sean Deveney of The Sporting News that a sign-and-trade or possibly a separate Celtics deal is holding up a formal announcement (Twitter link).

2:25pm: Boston’s offer is $127.8MM over four years, with a player option likely after the third season, reports A. Sherrod Blakely of CSNNE.

2:05pm: The leak regarding Hayward’s decision may lead to a delay in his announcement, Himmelsbach tweets, with Bartelstein suggesting the situation may not be resolved today. “That was the goal,” he said, “but now we’ve got to kind of regroup here a bit.”

Jazz president Steve Starks has tweeted a statement that reads, “We trust Gordon and his agent that no decision has been made. Good communication all day and a great relationship.”

1:50pm: The Celtics haven’t heard from Hayward yet, but they aren’t denying the report from ESPN, tweets Mark Murphy of The Boston Herald. Sources are telling Adam Himmelsbach of The Boston Globe that the move is a formality and the teams just need to be notified (Twitter link).

1:40pm: Conflicting information is beginning to filter out concerning Gordon Hayward. David Aldridge of TNT claims Hayward has not reached a decision and is still weighing his options (Twitter link). Hayward’s agent, Mark Bartelstein, says the same thing to Adrian Wojnarowski of ESPN.com. “Gordon hasn’t made a decision yet,” Bartelstein said. “We are still working through it.” (Twitter link).

1:19pm: Gordon Hayward will announce today that he’s signing with the Celtics, tweets Chris Haynes of ESPN.com.

The All-Star forward, who spent his first seven NBA seasons in Utah, was considered the top prize left on the free agent market. The Celtics, Jazz and Heat all held meetings with him over the past three days. The move will reunite him with Brad Stevens, his college coach at Butler.

Boston’s belief that it had a shot at Hayward affected its decision to be conservative in its pursuit of Jimmy Butler and Paul George, according to Eric Pincus of Basketball Insiders (Twitter link).

With about $27MM in cap space, the Celtics don’t have quite enough cap room to sign Hayward to a full max deal. Hayward could agree to accept a little bit less, or the Celtics could try to move some salary before the moratorium ends on Thursday. One path, Blakely tweets, is to pull their qualifying offer for Kelly Olynyk, renounce all their free agents, waive Jordan Mickey and Demetrius Jackson and trade away one other contract.

Hayward, 27, is coming off his best season, setting careers highs with 21.9 points and 5.4 rebounds per game. He gives the Celtics another dangerous shooter who can stretch defenses and share the scoring load with Isaiah Thomas.

Top Pick Markelle Fultz May Sign Today

July 4th, 2017 at 1:16pm CST by Arthur Hill

Markelle Fultz, the first player selected in last month’s draft, could sign with the Sixers today, according to Keith Pompey of The Philadelphia Inquirer.

However, the signing may be delayed if Fultz’s mother, Ebony Fultz, is unable to attend. She is expected to be in Las Vegas this weekend to watch her son in the Las Vegas Summer League, but Philadelphia’s team is currently playing in the Utah Summer League in Salt Lake City.

As the top pick, Fultz is slotted to make $5.8MM as a rookie, but Pompey notes that the Sixers are permitted to pay him up to 20% more than that and are expected to reach the full figure. Pompey points out that teams sometimes require players to perform community service or play an extra year in the summer league to receive their 20 percent.

As our rookie-scale contract chart shows, Fultz is eligible for a little more than $7MM in his first season and more than $37.4MM over four years. Like all contracts for first-rounders, Fultz’s deal will include two guaranteed seasons and two team options. He will be eligible for an extension in 2020.

A 6’4″ point guard, Fultz averaged 23.2 points, 5.9 assists and 5.7 rebounds during his lone season at Washington.

Josh Jackson Signs Rookie Contract With Suns

July 4th, 2017 at 10:53am CST by Arthur Hill

The Suns have signed first-round pick Josh Jackson, according to the Associated Press. As with all rookie deals for first-rounders, Jackson received two guaranteed years with team options for the following two seasons.

As the fourth overall selection, Jackson will make a little more than $5.09MM in his first season. The full deal would give him more than $27.12MM, assuming he stays with the Suns for four years, as our rookie-scale chart shows. Jackson will become eligible for an extension in 2020 or could be a restricted free agent in 2021.

A 6’8″ forward out of Kansas, Jackson averaged 16.3 points, 7.4 rebounds and 3.0 assists in his only season as a Jayhawk. Scouts raved about his versatility, athleticism and defensive prowess heading into the draft.

Fans can get their first look at him in a Phoenix uniform starting this weekend as part of the Suns’ summer league team in Las Vegas.

Pacers Sign Darren Collison

July 3rd, 2017 at 7:07pm CST by Dana Gauruder

JULY 7: The Pacers have formally announced the signing of Collison.

“Having had Darren here in the past, we obviously knew what we were getting, both on the floor and in the locker room,” Pacers president Kevin Pritchard said in a statement. “When you bring in a player like Darren, you know you’re not only getting a point guard, you’re adding a veteran presence to your team.”

JULY 3: Point guard Darren Collison has agreed in principle on a two-year, $20MM contract with the Pacers, Adrian Wojnarowski of ESPN tweets. Collison averaged 13.2 PPG and 4.6 APG in 68 games, including 63 starts, with the Kings last season.

The second year is partially guaranteed, Sam Amick of USA Today tweets. The agreement leaves the Pacers with approximately $13MM in cap space, Zach Lowe of ESPN tweets.

This is Collison’s second stint with Indiana. He was their starting point guard during the 2010/11 and 2011/12 seasons.

Indiana had a big hole to fill at that spot after Jeff Teague reached a three-year, $57MM agreement with the Timberwolves. They also have combo guards Monta Ellis and Victor Oladipo, who will be coming over from the Thunder in the Paul George deal.

The Knicks reached out to Collison but their interest was apparently lukewarm at best.

Collison served an eight-game suspension at the start of last season after a domestic battery incident. He has appeared in 563 career games, averaging 12.7 PPG and 4.8 APG while shooting 38% from long range.

The addition of Collison appears to be a stopgap move for a rebuilding Pacers club in the aftermath of trading their best player.

Photo courtesy of USA Today Sports Images.

Motley Signs Two-Way Contract With Mavs

July 3rd, 2017 at 6:48pm CST by Dana Gauruder

The Mavericks signed forward Johnathan Motley to a two-way contract on Monday, the team announced in a press release. The news was relayed by Mavs.com beat writer Earl K. Sneed.

The 6’10” Motley went undrafted last month after the Baylor big man declared for the draft after his junior season. He averaged 17.3 PPG, 9.9 RPG, 2.3 APG and 1.1 BPG in his final college season. He’s played two games in the Orlando Summer League with the Mavs, averaging 3.5 PPG, 3.0 RPG and 1.0 BPG.

The agreement was reached last month but the signing is now official. Motley was projected as a second-round pick but teams were reluctant to take him because of a knee issue.

Teams are allowed to sign two players under two-way contracts. Those players will spend most of next season in the NBA G League and not more than 45 days with their NBA team. Two-way players are paid a corresponding daily amount based on the number of days they play in each league.

Lakers Sign Lonzo Ball, Kyle Kuzma, Josh Hart

July 3rd, 2017 at 3:14pm CST by Luke Adams

3:14pm: The Lakers have officially signed Ball and have also announced the signings of their other two first-round picks, Kyle Kuzma (No. 27) and Josh Hart (No. 30). Kuzma’s four-year deal will be worth about $8.65MM, while Hart’s will be worth approximately $8.475MM.

9:40am: The Lakers will formally sign second overall pick Lonzo Ball to his first NBA contract today, reports Shams Charania of The Vertical (Twitter link). Like other rookie deals for first-round picks, Ball’s pact will feature two guaranteed years followed by two team options.

As our chart for this year’s rookie scale shows, Ball is in line to make about $6.287MM in his rookie season. Assuming he plays out his full four-year deal, he’ll earn more than $33MM over the life of the contract. The UCLA product will be eligible for an extension in 2020, and would otherwise reach restricted free agency in 2021.

In past years, teams have been patient when it comes to signing first-round picks, since cap holds for those draftees counted for 100% of their rookie scale figure, despite the fact that virtually every player signed for 120% of the rookie scale. The league’s new CBA adjusted those cap holds to count for 120% of the rookie scale figure, so there’s now little incentive for teams to wait.

Jayson Tatum (Celtics), Jonathan Isaac (Magic), Malik Monk (Hornets), Luke Kennard (Pistons), and Bam Adebayo (Heat) are among the other first-rounders who have already officially signed contracts with their new teams.

Pacers Sign T.J. Leaf To Rookie Contract

July 3rd, 2017 at 1:58pm CST by Luke Adams

The Pacers have signed forward T.J. Leaf to this rookie contract, according to the NBA’s official transactions log. The team hasn’t officially announced the signing, but it appears Leaf made things official on Saturday before making his Summer League debut on Sunday.

Leaf, the 18th overall pick in last month’s draft, will be joining the Pacers as the club retools its roster, perhaps entering a full-fledged rebuilding phrase. He should have an opportunity to earn some frontcourt minutes in his rookie year for Indiana, alongside promising young bigs like Myles Turner and Domantas Sabonis.

An early entrant in this year’s draft, Leaf is coming off an impressive freshman campaign at UCLA in which he averaged 16.3 PPG, 8.2 RPG, 2.4 APG, and 1.1 BPG. He was also incredibly efficient from the floor, shooting 61.7% on field goal attempts, including 46.6% on threes.

Leaf’s rookie deal figures to be worth just over $2MM in year one, with a four-year total of more than $11.5MM, as our breakdown of this year’s rookie scale shows.

Suns Waive Leandro Barbosa

July 3rd, 2017 at 1:22pm CST by Luke Adams

The Suns are waiving veteran guard Leandro Barbosa, reports Adrian Wojnarowski of ESPN (via Twitter). The timing of the move doesn’t come as a surprise — Barbosa’s salary for 2017/18 would have become fully guaranteed if he remained under contract beyond today.

Barbosa, 34, joined the Suns on a two-year contract last summer, but the second year was only partially guaranteed for $500K. By cutting Barbosa, Phoenix will save $3.5MM on his $4MM total salary.

The Brazilian guard played a part-time role for the Suns last season, rejoining the franchise with which he started his career. In 67 games (14.4 MPG), Barbosa averaged 6.3 PPG, 1.6 RPG, and 1.2 APG, with a shooting line of .439/.357/.889.

Phoenix entered the offseason with aspirations of landing an impact player like Blake Griffin or Paul Millsap. However, after seeing several Western Conference teams – including the Rockets, Thunder, Timberwolves, and Nuggets – make impact moves to load up their rosters, the Suns opted to stay out of the fray. They’ll focus instead on developing their young players and plan to use their cap room to accommodate other teams’ salary dumps, acquiring draft picks or young players in the process.

Knicks Sign Luke Kornet To Two-Way Contract

July 3rd, 2017 at 12:57pm CST by Luke Adams

The Knicks have formally signed undrafted free agent big man Luke Kornet to a two-way contract, the team announced today (via Twitter). Teams are permitted to finalize two-way contracts during the July moratorium, so the deal is official.

A 7’0″ center who played his college ball at Vanderbilt, Kornet was ranked 69th on DraftExpress’ list of 2017’s top 100 prospects. In his senior year in 2016/17, he averaged 13.2 PPG, 6.2 RPG, and 2.0 BPG, chipping in 1.5 threes per game, though he made just 32.7% of his shots from outside.

Two-way contracts are a new addition to the NBA this year, a result of negotiations on the league’s new Collective Bargaining Agreement. In addition to carrying 15 players on their regular season roster, teams will be allowed to have two more players on two-way deals — those players will spend most of their time in the G League, but can be called up to the NBA roster and can’t be poached by rival NBA teams. Our full FAQ on two-way contracts can be found here.

While Kornet may not seen much action with the Knicks this season, it appears he’ll go down as the first player in NBA history to officially sign a two-way contract. The agreement was first reported last month by ESPN’s Chris Haynes.

Grizzlies Sign Ben McLemore To Two-Year Deal

July 2nd, 2017 at 9:24pm CST by Austin Kent

JULY 6: The Grizzlies have officially signed McLemore, according to the NBA’s transactions log.

JULY 2: The Grizzlies are finalizing a deal with Ben McLemore, Adrian Wojnarowski of ESPN tweets. The pact, Chris Haynes of ESPN adds, is said to be for two years at $10.7MM.

The 24-year-old shooting guard has strung together four underwhelming seasons with the Kings after getting picked seventh-overall in the 2013 NBA Draft. In 2016/17, however, he posted 8.1 points per game in just 19.3 minutes of action.

There isn’t much standing between McLemore and a larger role in Memphis, USA Today’s Jeff Zilgitt suggests, noting that he’ll likely see significant minutes with his new ball club. The swingman does, after all, boast the physical tools to be a decent perimeter defender and is a capable three-point shooter.

McLemore was eligible to be a restricted free agent this summer, but didn’t receive a qualifying offer from the Kings, allowing him to sign with any team as an unrestricted free agent.

Based on the terms of the agreement, it appears the Grizzlies will use the full taxpayer mid-level exception on McLemore — a deal with that MLE would top out at $10,643,600 over two years, and would allow the Grizzlies to avoid being hard-capped.

I doubt Memphis will go too far into the tax, if they even exceed that tax line at all. But if the team wants to try to bring back JaMychal Green, Zach Randolph, and Tony Allen, it will get expensive. The Grizzlies are projected to have more than $98MM in guaranteed salary on their 2017/18 cap after taking McLemore’s deal into account. That doesn’t include Green, Randolph, Allen, or the team’s other free agents.

Photo courtesy of USA Today Sports Images. Luke Adams contributed to this post.