Transactions Rumors | Hoops Rumors

Clippers Sign Marshall Plumlee

August 25th, 2017 at 1:29pm CST by Arthur Hill

AUGUST 25: Plumlee’s deal with the Clippers is now official, per RealGM’s NBA transactions log. It’s a one-year pact.

AUGUST 19: Marshall Plumlee has agreed to join the Clippers on a partially guaranteed contract, tweets Adrian Wojnarowski of ESPN.

The 25-year-old center has brief NBA experience, playing 21 games with the Knicks last season and averaging 1.9 points and 2.4 rebounds in about 8 minutes per night. Undrafted out of Duke in 2016, he signed with New York as a free agent and spent most of the year in the G League.

The Knicks decided to waive him in July to create cap room to sign Tim Hardaway Jr. Plumlee received the $100K that was guaranteed on his contract for next season. New York considered trying to bring him back earlier this month, but Plumlee has opted for L.A.

The signing brings the Clippers up to 18 players in camp, with 14 having guaranteed contracts. Plumlee will try to earn a roster spot as a third center behind DeAndre Jordan and Willie Reed.

Manu Ginobili Signs Two-Year Deal With Spurs

August 24th, 2017 at 4:55pm CST by Arthur Hill

Manu Ginobili will return to the Spurs, tweets Shams Charania of The Vertical. The veteran guard has signed a two-year, fully guaranteed deal worth $5MM.

The 40-year-old was a second-round pick by San Antonio way back in 1999. He came to the NBA in 2002 and has been an important part of the Spurs’ rotation ever since. He is a two-time All-Star and has been part of four NBA championship teams.

The Argentinian star has remained productive through his late 30s, averaging 7.5 points in 69 games last season and helping the Spurs reach the Western Conference finals.

The signing brings San Antonio to 17 players, three short of the maximum for training camp. The Spurs have 14 players with guaranteed money and one on a two-way contract.

Hornets Finalize Deal With Julyan Stone

August 24th, 2017 at 8:23am CST by Luke Adams

AUGUST 24, 8:23am: RealGM’s official transactions log classifies Stone’s new contract as a multiyear agreement, so it appears the Hornets were able to complete a two-year deal as initially planned.

AUGUST 23, 10:17am: The Hornets have officially signed veteran guard Julyan Stone, the team announced today in a press release. The deal had been in the works for some time, as Stone worked to free himself from a commitment to Italian team Umana Reyer Venezia and receive FIBA clearance to return to the NBA.

Stone, who was in camp with the Pacers in 2016, hasn’t appeared in a regular season NBA game since the 2013/14 campaign. For his career, he appeared in 47 total contests for the Nuggets and Raptors, playing limited minutes in those games. In recent years, Stone bounced around to various teams overseas and in the G League, spending time in Italy, Turkey, and with the Fort Wayne Mad Ants, Indiana’s G League affiliate.

Stone recently agreed to a two-year extension with defending league champion Umana Reyer, based in Venice. The 28-year-old didn’t have an opt-out clause to leave for the NBA, but asked the team to release him from his deal so he could be closer to his father, who is in a coronary care unit in the United States with severe lung, heart and kidney conditions. The club obliged earlier this month.

While Stone is now a Hornet, we’ll wait to confirm the terms of his deal. Previous reports indicated that Charlotte made a two-year offer to Stone, but one report last week suggested that his Italian team may have only released him from his contract for a single year, which would limit the Hornets’ ability to lock him up for multiple seasons.

The 6’6″ Stone is expected to serve as the Hornets’ third point guard behind Kemba Walker and Michael Carter-Williams.

Spurs Sign London Perrantes

August 23rd, 2017 at 4:43pm CST by Luke Adams

4:43pm: Perrantes received a one-year, partially guaranteed deal from the Spurs, tweets Michael Scotto of Basketball Insiders.

3:46pm: The Spurs have added an undrafted rookie to their roster, announcing today in a press release that former Virginia guard London Perrantes has signed with the club. Terms of Perrantes’ agreement with San Antonio weren’t announced, but it figures to be a non-guaranteed or partially guaranteed deal.

Perrantes, a 6’2″ guard, averaged 12.7 PPG, 3.8 APG, and 3.0 RPG in his senior year at Virginia last season, along with a solid shooting line of .453/.374/.813. He worked out for several teams – including the Spurs – in the weeks leading up to the draft, but wasn’t considered likely to be one of the 60 players selected in June.

After going undrafted, Perrantes played for the Heat in Summer League action in both Orlando and Las Vegas. In six total games for Miami, he averaged 10.8 PPG, 4.8 APG, and 3.2 RPG. However, he’ll be in camp with the Spurs, rather than the Heat.

Perrantes is probably a good bet to eventually join the Austin Spurs, San Antonio’s G League team, as an affiliate player.

Cavs, Celtics Swap Kyrie Irving For Package Including Isaiah Thomas

August 22nd, 2017 at 9:39pm CST by ChrisCrouse

9:39pm: The trade is official, the Cavs confirmed in a press release. The Celtics also issued an announcement confirming the deal.

6:23pm: The Celtics and Cavaliers have reached an agreement on a deal that will send Irving to Boston in exchange for a package headlined by Thomas, reports Shams Charania of The Vertical (via Twitter). Brian Windhorst of ESPN first reported (via Twitter) that the two teams were on the verge of a deal.

According to both Charania and Windhorst, the Cavs will receive Crowder, Zizic, and the Nets’ 2018 first-round pick (unprotected) in addition to Thomas. Charania also tweets that Irving will waive his trade kicker so that the deal can be completed. Here is Charania’s full story.

5:47pm: Boston center Ante Zizic is also expected to be part of a potential deal with Cleveland for Irving, tweets Adrian Wojnarowski of ESPN. Bobby Marks of ESPN adds (Twitter link) that receiving Thomas, Crowder, and Zizic for Irving would save the Cavs $19MM in taxes. The team’s projected tax bill would lower from $78.4MM to $59.2MM.

5:30pm: The Cavaliers and Celtics are actively discussing trades centered around Kyrie Irving and Isaiah Thomas, according to Shams Charania of The Vertical (Twitter link). ESPN’s Adrian Wojnarowski adds that the two sides are discussing the inclusion of Jae Crowder as well as the addition of future draft picks heading from Boston to Cleveland.

Irving requested a trade from Cleveland last month and included a short list of destination which he would prefer to be dealt to should the team honor his request. Boston was not on that list, but all of the teams—Spurs, Heat, Wolves, and Knicks—with the exception of New York have strong coaching structures in place. The Celtics also have that element with Brad Stevens running the show, so it’s possible Irving would be open to a trade to the New England area.

Of course, Irving does not wield a no-trade clause, meaning the Cavs could ostensibly deal him anywhere they prefer. However, it was previously reported that the team was working with Irving to find a solution that worked for both sides.

Thomas is entering the last season of his contract, one that will pay him just over $6.26MM for the 2017/18 campaign. He should see a massive raise with his next contract, possibly approaching the max, which is something that could negatively impact his trade value.

Photo courtesy of USA Today Sports Images.

Pacers Sign Alex Poythress To Two-Way Contract

August 22nd, 2017 at 2:05pm CST by Luke Adams

A year after bringing Alex Poythress to training camp, the Pacers have re-added the former Kentucky standout to their offseason roster, announcing today in a press release that Poythress has signed a two-way contract with the club.

Poythress, who will turn 24 in September, didn’t earn a spot on Indiana’s regular season roster last season, but the undrafted rookie excelled for the Pacers’ G League affiliate. In 46 games for the Fort Wayne Mad Ants, the 6’7″ forward averaged 18.5 PPG, 7.1 RPG, and 1.4 BPG, with an impressive shooting line of .528/.403/.783.

Poythress’ performance for Fort Wayne earned him a spot on the All-NBA G League Second Team, and resulted in a late-season call-up to the Sixers. He made his NBA debut for Philadelphia in April and appeared in six games down the stretch, averaging 10.7 PPG and 4.8 RPG.

Previous reports have indicated that Edmond Sumner will be one of the Pacers’ two-way players, so it appears both two-way spots on Indiana’s roster have now been filled. In total, the club now has 17 players under contract, leaving three spots open on the 20-man offseason roster.

For more details on how two-way contracts work, be sure to check out our FAQ. Our full list of this year’s two-way players can be found right here.

Raptors Sign K.J. McDaniels

August 22nd, 2017 at 11:23am CST by Arthur Hill

AUGUST 22: The Raptors have officially signed McDaniels, the team announced today in a press release.

AUGUST 17: K.J. McDaniels will sign a one-year, partially guaranteed deal with Toronto, tweets Adrian Wojnarowki of ESPN.

He will join Alfonzo McKinnie, Kennedy Meeks and Kyle Wiltjer as training camp invitees with some guaranteed money, notes Josh Lewnberg of TSN Sports (Twitter link).

McDaniels, 24, finished last season with the Nets, who acquired him from the Rockets at the trade deadline. With expanded playing time in Brooklyn, he averaged 6.3 points and 2.6 rebounds over 20 games.

A second-round pick by the Sixers in 2014, McDaniels had a promising start to his career in Philadelphia before being traded to Houston in February of 2015. He was never able to crack the rotation with the Rockets and saw limited minutes before being dealt away.

Before adding McDaniels, Toronto had $116.6M in guaranteed salary committed to 13 players, along with $100K for McKinnie that counts against the cap, tweets Bobby Marks of ESPN.

Pacers Exercise 2018/19 Option On Turner

August 21st, 2017 at 8:00pm CST by Dana Gauruder

The Pacers have exercised their team option on center Myles Turner for the 2018/19 season, Keith Smith of RealGM.com tweets. Turner, who is locked into a salary of $2,569,920 for the upcoming season, will make $3,410,284 that season.

The team option was a mere formality for a player that has become the face of the franchise in the aftermath of the Paul George trade to the Thunder. Turner, 21, turned out to be a steal with the 11th overall pick of the 2015 draft. He started half of the 60 games he appeared in during his rookie campaign, averaging 10.3 PPG and 5.5 RPG.

Last season, Turner started 81 games and posted averages of 14.5 PPG, 7.3 RPG and 2.1 BPG. His shotblocking average ranked third in the league. His scoring totals should increase with the continued development of his offensive game and the departure of George.

Turner will be eligible to sign a contract extension next offseason. Indiana will likely offer a max extension, barring a major injury to Turner.

Luke Adams of Hoops Rumors has compiled a list of all rookie scale team options for the 2018/19 season. You can find it here.

Magic Sign Adreian Payne To Two-Way Contract

August 21st, 2017 at 5:28pm CST by Dana Gauruder

The Magic have signed power forward Adreian Payne to a two-way contract, the team announced in a press release.

Payne, 26, recently declined an offer from Guangdong in the Chinese Basketball Association worth $900K.

The former Michigan State standout has been a disappointment since he was selected by the Hawks with the No. 15 overall pick in the 2014 draft. He played just three games for Atlanta before he was shipped to the Timberwolves during his rookie year. Payne made 22 starts with Minnesota as a first-year player, then saw action in 52 games (including two starts) the following season.

He appeared in just 18 games last season, averaging 3.5 PPG and 1.8 RPG in 7.5 MPG. Payne also spent time with the G-League’s Erie BayHawks.

Payne is the first player to sign a two-way deal with Orlando. The Magic are eligible to sign one more player to such a contract.

Rockets Sign Demetrius Jackson To Two-Way Deal

August 21st, 2017 at 4:22pm CST by Luke Adams

AUGUST 21, 4:22PM: The signing is official, the team tweets.

JULY 28, 11:08PM: Two weeks after being waived by the Celtics, Demetrius Jackson has found a new home. According to Michael Scotto of Basketball Insiders (Twitter link), Jackson has agreed to terms on a two-way contract with the Rockets.

Jackson, who will turn 23 in September, was the 45th overall pick in the 2016 draft and signed an NBA contract with the Celtics. However, given the crowded depth chart in Boston, the Notre Dame product didn’t see much action for the C’s, briefly appearing in just five games. He did play in 32 games for the Maine Red Claws, averaging 14.8 PPG, 6.0 APG, and 5.1 RPG in the G League.

With the Celtics adding several new players to the roster this offseason, there wasn’t room for Jackson, whose salary was partially guaranteed. His new two-way contract with the Rockets will have a modest starting salary, but taking into account the money he’s still earning from the Celtics, Jackson could end up earning close to the NBA minimum if he spends a portion of the season with Houston’s NBA team.

Jackson worked out earlier this week for the Hornets, who were on the lookout for a possible third point guard.

For more details on how two-way contracts work, be sure to check out our FAQ.