Transactions Rumors | Hoops Rumors

Celtics Sign Kadeem Allen To Two-Way Deal

July 19th, 2017 at 4:19pm CST by ChrisCrouse

The Celtics have signed Kadeem Allen to a two-way deal, according to a team press release. Allen is the first player to sign that type of deal with the franchise.

Players on two-way deals will spend most of their season in the G-League since they cannot spend more than 45 days with an NBA club, as our glossary page on two-way contracts shows.

Allen, who was the No. 53 overall selection in the 2017 draft, came out of the University of Arizona where he earned Second Team All-Pac 12 honors last season. He played for both of Boston’s Summer League teams this offseason.

Jazz Sign Royce O’Neale

July 19th, 2017 at 3:47pm CST by Luke Adams

JULY 19, 3:47pm: The Jazz have officially signed O’Neale, per the NBA’s transactions log.

JULY 17, 10:21am: Former Baylor forward Royce O’Neale has opted out of his Euroleague contract with Lithuanian club Zalgiris Kaunas, according to international basketball journalist David Pick (Twitter link). Pick suggests he’s hearing “rumblings” of an NBA contract agreement between O’Neale and the Jazz, while Chema De Lucas of Gigantes Del Basket tweets that O’Neale will get a three-year contract from Utah, with a fully guaranteed first year.

There has been no confirmation out of Utah yet on an agreement between the Jazz and O’Neale, but we heard last week that the 24-year-old was considering multiple NBA offers and had to exercise the opt-out in his Euroleague contract by July 20.

O’Neale, who went undrafted in 2015, played one season in Germany before joining Spanish team Gran Canaria for 2016/17. In 35 Spanish League games with the team, O’Neale averaged 7.5 PPG and a team-high 5.0 RPG. The Texas native played for the Warriors’ Summer League squad in 2016, and was part of the Pelicans’ Summer League team this year.

The Jazz, who have yet to finalize all their free agent signings for the month, should have the cap room necessary to accommodate a three-year deal for O’Neale.

Nuggets Sign Torrey Craig To Two-Way Contract

July 19th, 2017 at 3:38pm CST by ChrisCrouse

JULY 19: The Nuggets have officially signed Craig to a two-way contract, the team announced today in a press release.

JULY 16: The Nuggets and Torrey Craig have agreed to a deal to add the small forward to the team, Orazio Cauchi of Sportando reports. The deal will be a two-way contract, according to Chris Dempsey of the Denver Post (Twitter link).

Players on two-way deals will spend most of their season in the G-League since they cannot spend more than 45 days with an NBA club, as our glossary page on two-way contracts shows.

Craig, who has had an impressive Summer League for Denver’s squad, played abroad over the last several seasons. He earned the NBL Best Defensive Player Award as well as All-NBL Second Team honors while playing for the Brisbane Bullets during the 2016/17 season.

James Jones Joins Suns’ Front Office; GM McDonough Extended

July 19th, 2017 at 1:19pm CST by Luke Adams

Longtime NBA forward James Jones appears ready to call it a career as a player, and will transition into a front office role in Phoenix. The Suns announced today in a press release that Jones has joined the franchise and has been named vice president of basketball operations.

According to the Suns, Jones will report to general manager Ryan McDonough, who has received a new multiyear contract extension from the franchise. Jones will work alongside McDonough to “oversee all basketball-related matters for the Suns,” per the announcement.

“I would like to thank [team owner] Robert [Sarver] and his partners for extending my agreement with this great franchise,” McDonough said in a statement. “We have laid the foundation for what we hope will become the next championship caliber Suns team. There is still a lot of work to be done to reach our ultimate goal of bringing a championship to Phoenix so we are thrilled to add James Jones to our staff.”

Jones, 36, has played for 14 seasons in the NBA, spending team with the Pacers, Suns, Trail Blazers, Heat, and Cavaliers, appearing in 709 regular-season games and another 148 playoff contests.. Along with LeBron James, Jones has appeared in the last seven NBA Finals. However, a report earlier this month suggested that the veteran forward wouldn’t be returning to the Cavs for the 2017/18 campaign.

Instead, Jones will take his talents to the Suns’ front office, and will look to help McDonough guide a rebuilding organization. Phoenix entered this month mulling the idea of making a big splash in free agency, but watched Blake Griffin re-sign with the Clippers and backed off Paul Millsap, opting instead to focus on developing the team’s young players.

The Suns’ roster currently features a mix of promising youngsters and veteran role players. The club figures to build around players like Devin Booker, Josh Jackson, Dragan Bender, Marquese Chriss, Alan Williams, and Tyler Ulis, with veterans such as Tyson Chandler and Jared Dudley not part of the long-term plans. Eric Bledsoe and Brandon Knight are also believed to be on the trade block.

Celtics Sign Aron Baynes

July 19th, 2017 at 12:59pm CST by ChrisCrouse

JULY 19: The Celtics have officially signed Baynes, the team announced today in a press release.

JULY 9: The Celtics have reached an agreement with Aron Baynes on a one-year deal that will be worth $4.3MM, sources tell Shams Charania of The Vertical (Twitter link). Boston will be using its room exception to bring Baynes aboard.

Baynes, who spent the last two seasons with the Pistons, turned down a player option worth $6.5MM to become a free agent this summer. Detroit didn’t rule out bringing back the big man, but ultimately renounced his rights as part of this week’s moves, all but closing the door on the possibility of a reunion.

Boston lacked frontcourt depth after losing Amir Johnson, Jonas Jerebko, and Kelly Olynyk in free agency and waiving Tyler Zeller. Baynes has an opportunity to play a key role off the bench for the Celtics.

Having used their cap room and their room exception, the C’s will now be limited to minimum salary deals for free agents going forward.

Photo courtesy of USA Today Sports Images.

Jamal Crawford Signs With Timberwolves

July 19th, 2017 at 10:41am CST by Arthur Hill

JULY 19, 10:41am: The Timberwolves have officially signed Crawford, the team announced today in a press release.

JULY 8, 6:14pm: Crawford has agreed to sign with the Wolves once the waiver process is complete, according to Brian Windhorst and Chris Haynes of ESPN.com. They add that Crawford had to surrender some guaranteed money in the buyout with Atlanta, so salary was a factor in his decision. Minnesota is just under the cap and has a $4.3MM room mid-level exception that it was able to offer.

Jimmy Butler and coach Tom Thibodeau both aggressively recruited Crawford to join the team, tweets David Aldridge of TNT.

5:48pm: Sources tell Charania the Wolves will offer Crawford a contract worth $8.9MM over two years with a player option on the second season (Twitter link).

5:18pm: Veteran guard Jamal Crawford is in “serious talks” to sign with Minnesota once he clears waivers, tweets Shams Charania of The Vertical.

The Hawks requested waivers Friday on Crawford, so he won’t clear until Monday. They acquired him as part of a three-way deal that sent Danilo Gallinari from the Nuggets to the Clippers, but never seemed like a real threat to keep the 17-year veteran.

Crawford would add bench firepower and 3-point shooting to a Wolves team that lacked both last season. The three-time Sixth Man of the Year averaged 12.3 points per game and shot 36% from long distance for the Clippers last year.

The Cavaliers had been considered the favorites for Crawford, with one report Friday suggesting he was “theirs to lose.” The Celtics, Bucks, Wizards and Lakers were also believed to be contenders.

Photo courtesy of USA Today Sports Images.

Celtics Sign Semi Ojeleye, Waive Demetrius Jackson

July 19th, 2017 at 10:07am CST by Dana Gauruder

JULY 19: The Celtics have officially signed Ojeleye, according to a press release from the team. Meanwhile, Jackson cleared waivers this week and his partial guarantee has been stretched across seven seasons by the Celtics, as we noted on Tuesday.

JULY 15: The Celtics are planning to sign second-round pick Semi Ojeleye to a four-year deal with the first two years guaranteed, a league source told Adam Himmelsbach of the Boston Globe (Twitter link).

Meanwhile, point guard Demetrius Jackson has been waived and his guaranteed $650K will likely have his partially guaranteed salary stretched out if he’s not claimed, Himmelsbach adds in a separate tweet.

The four-year deal for Ojeleye is quite a commitment to the 37th overall pick in the draft. The 6’7” forward played two seasons at Duke before transferring to SMU. In his season with the Mustangs, he averaged 19 PPG and 6.9 RPG. He can play either forward spot but is mostly considered a stretch four. The club lost veteran power forwards Amir Johnson (Sixers) and Jonas Jerebko (Jazz) in free agency.

Jackson’s full salary of $1,384,750 for next season would have become guaranteed today if he had not been waived. The point guard appeared in just five games with Boston during his rookie year.

Raptors Sign Kennedy Meeks

July 18th, 2017 at 3:29pm CST by Luke Adams

JULY 18: The Raptors have officially signed Meeks, the team announced today in a press release.

JUNE 23: The Raptors have struck a deal with undrafted rookie Kennedy Meeks, reports Shams Charania of The Vertical (via Twitter). According to Charania, Meeks will sign a partially guaranteed contract with Toronto. The deal can’t become official until after the 2017/18 league year begins.

Meeks, 22, averaged 12.3 PPG and 9.4 RPG during his senior year at North Carolina. The 6’9″ center was viewed as a top-100 prospect by Jonathan Givony of DraftExpress, who had Meeks at No. 92 on his big board.

Although he wasn’t drafted on Thursday night, Meeks will have a chance to attend training camp with the Raptors, making him the third UNC player to find a new NBA home this week. Meeks’ former Tar Heels teammates Justin Jackson and Tony Bradley were both first-round picks, going to the Kings and Jazz, respectively.

The Raptors came away from Thursday night’s draft with OG Anunoby, who isn’t expected to be fully healthy to start the 2017/18 season.

Raptors Sign C.J. Miles

July 18th, 2017 at 3:26pm CST by Luke Adams

The Raptors have officially signed free agent swingman C.J. Miles, the team announced today in a press release. Miles’ deal with Toronto was originally reported more than a week ago, though when the story first broke, it appeared it would be a sign-and-trade. Instead, the Raptors have signed Miles outright.

“C.J. is an exceptional shooter and adds versatility to our perimeter game,” Raptors president Masai Ujiri said in a statement. “We are excited to add a player with experience level to our core group.”

Initial reports on Miles’ three-year, $25MM agreement with the Raptors suggested that Cory Joseph would be headed to Indiana in the swap. However, because Miles’ deal reportedly includes a third-year player option, it wasn’t eligible for a sign-and-trade — contracts in a sign-and-trade must run at least three years without options.

In order to get around that CBA restriction and to clear the salary necessary to bring Miles aboard, the Raptors sent Joseph to Indiana in a separate deal, and will sign Miles using their mid-level exception. Toronto would have faced a hard cap for 2017/18 either way, as we explained earlier today.

Miles, 30, will will help provide depth and outside shooting on a Raptors team that lost P.J. Tucker and DeMarre Carroll this summer. A 12-year veteran, Miles is coming off another productive season — in 76 games for the Pacers, he averaged 10.7 points and 3.0 rebounds, and shot a career-best 41.3% on three-pointers. He will be getting a nice raise from the $4.58MM he earned in 2016/17.

Photo courtesy of USA Today Sports Images.

Spurs Sign Joffrey Lauvergne

July 18th, 2017 at 1:05pm CST by Luke Adams

JULY 18, 1:05pm: The Spurs have officially signed Lauvergne, the team confirmed today in a press release.

JULY 10, 2:00pm: The Spurs have reached a two-year contract agreement with free agent big man Joffrey Lauvergne, reports Shams Charania of The Vertical. The news comes on the heels of the Bulls withdrawing Lauvergne’s qualifying offer, making him an unrestricted free agent, which will allow him to sign outright with San Antonio.

Lauvergne, a second-round pick in 2013, made his NBA debut for the Nuggets in 2014 and spent two years with the franchise before being sent to the Thunder in a trade last August. He was flipped again at this year’s trade deadline, heading to Chicago as part of a trade package in a deal that saw Oklahoma City land Taj Gibson and Doug McDermott.

Lauvergne, a 6’11” forward/center, looked like a player on the rise in 2015/16, averaging 7.9 PPG and 4.9 RPG with a .513 FG% in 59 games (17.6 MPG) for the Nuggets. However, he took a step backward last season. For the year, he recorded just 5.4 PPG and 3.6 RPG with a .440 FG% in 70 contests.

Despite his very modest production for the Bulls down the stretch, Lauvergne initially received a qualifying offer worth about $2.14MM from the team, which made him a restricted free agent. However, Chicago apparently decided that the big man wasn’t in the team’s long-term plans, allowing him to reach the open market with no restrictions over the weekend.

While details of the Spurs’ agreement with Lauvergne aren’t yet known, the club already used its full mid-level exception on Rudy Gay, leaving the $3.29MM bi-annual exception and the minimum salary exception for other free agents. San Antonio had been in need of some frontcourt depth, with Dewayne Dedmon, David Lee, and Pau Gasol all on the free agent market, though Gasol is expected to re-sign.

Photo courtesy of USA Today Sports Images.