Transactions Rumors | Hoops Rumors

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.

Kings Sign Vince Carter

July 10th, 2017 at 6:00pm CST by ChrisCrouse

JULY 10th, 6:00pm: The signing is official, according to a team press release.

JULY 6, 7:36pm: The Kings have agreed to a one-year, $8MM deal with Vince Carter, Adrian Wojnarowski of ESPN.com reports (Twitter link).

The 40-year-old swingman previously said he would like to play two more seasons in the league. Many assumed he would opt to join a contender in hopes of winning a ring. Instead, he’ll join Sacramento and become a veteran mentor for its young squad.

Carter isn’t the only veteran the Kings have added this week. George Hill and Zach Randolph both agreed to come to Sacramento. The organization has eight players on rookie contracts, as ESPN’s Bobby Marks tweets, so balancing the roster with veterans seems to be the team’s latest priority.

Carter played a key role for Memphis during the final year of a three-year contract last season. He averaged 8.0 points, 3.1 rebounds and 1.8 assists per game.

Photo Courtesy of USA Today Sports Images

Zach Randolph Signs With Kings

July 10th, 2017 at 5:58pm CST by Arthur Hill

JULY 10th, 5:58pm: The signing is official, according to a team press release.

JULY 4th, 12:26pm: The Kings will sign Zach Randolph to a two-year, $24MM deal, tweets Adrian Wojnarowski of ESPN.com. Both seasons are fully guaranteed, according to David Aldridge of TNT (Twitter link).

Randolph, who will turn 36 later this month, spent the past eight years in Memphis. His role with the Grizzlies was diminished this season as he lost his starting job and saw his playing time reduced to about 24 minutes per night.

The Cavaliers had also been linked to Randolph and were reported to be greatly interested in adding the bruising power forward. However, Cleveland is well over the cap and couldn’t have offered nearly as much as Sacramento did.

Today’s signings of Randolph and George Hill leave the Kings with $25.3MM in cap space, posts Bobby Marks on ESPN Now. That will be cut further by the upcoming addition of Bogdan Bogdanovic, who is expected to get $27MM over three years. That doesn’t leave enough for a reported max offer to Otto Porter, so the Kings may have decided to move in a different direction.

In addition to what he provides on the court, Randolph can serve as a mentor to the Kings’ young big men, Willie Cauley-Stein, Georgios Papagiannis and Skal Labissiere. For Memphis, it’s the latest move away from their grit-and-grind tradition as veteran guard Tony Allen is also considered unlikely to return.

Sacramento will be the fifth franchise for Randolph, a 16-year veteran who started his career with the Trail Blazers and had brief stints with the Knicks and Clippers.

Bulls Sign Holiday To Two-Year Deal

July 10th, 2017 at 5:01pm CST by Austin Kent

JULY 10th, 5:01pm: The signing is official, according to a team press release.

JULY 2nd, 9:17pm: The Bulls have agreed to sign shooting guard Justin Holiday to a two-year, $9MM deal, Shams Charania of The Vertical tweets.

The 3-and-D specialist had been previously linked to the Timberwolves and Knicks but settled on the team that he played for in the latter half of the 2015/16 campaign.

In 82 games with New York last season, the 28-year-old posted a career high of 7.7 points per. He’ll slot in to a Bulls team that looks considerably different than the one he left in 2016.

These days, gone are organization cornerstones Tom Thibodeau and Jimmy Butler, replaced by Fred Hoiberg and – as of the 2017 NBA Draft – a roster in the midst of a rebuild.

Kings Sign George Hill

July 10th, 2017 at 4:13pm CST by Luke Adams

JULY 10th, 4:13pm: The Kings have officially announced the Hill signing via press release. The three-year deal, $57MM contract is guaranteed for $40MM, according to Amick (Twitter link).

JULY 4th, 3:47pm: The third year of Hill’s deal will be partially guaranteed, tweets Sam Amick of USA Today.

12:32pm: The Kings and free agent point guard George Hill have reached an agreement on a three-year, $57MM contract, reports Shams Charania of The Vertical.

Although injuries limited Hill to 49 games in 2016/17, he was excellent when he played, comfortably establishing a new career high in PPG (16.9) for the Jazz despite averaging fewer minutes per game than he had with the Pacers. The 31-year-old provided solid defense and shot over 40% from downtown for a second straight season. In Sacramento, he’ll act as a veteran mentor to the team’s new point guard, De’Aaron Fox, and his ability to play off the ball should allow both guards to share the court at times.

Hill reportedly received interest from the Lakers, Nuggets, Timberwolves, Pacers, Knicks, and Spurs, among other teams. However, many of those teams didn’t have the cap flexibility to make him the sort of offer he has now received from the Kings, and some clubs – such as the Lakers – may have not been willing to go up to three years.

Hill’s former team, the Jazz, wasn’t viewed as a serious contender for the veteran point guard after the team acquired Ricky Rubio from the Timberwolves last week. At least one report suggested that losing Hill may adversely affect Utah’s chances of retaining Gordon Hayward, but Hayward reportedly likes the idea of playing with Rubio as well, so Hill’s formal departure may not have a major impact on his decision.

Word of Sacramento’s agreement with Hill broke around the same time that it was reported the team would also sign Zach Randolph to a two-year pact worth $24MM. The Kings entered the free agent period with only about $44MM in commitments on their 2017/18 cap for their incumbent players and their three 2017 first-round picks.

However, with deals now in place for Hill, Randolph, and Bogdan Bogdanovic, the Kings appear to no longer have room for a reported max offer for Otto Porter unless they’re able to shed a contract or two. That could bode well for Porter’s return to the Wizards, perhaps at a more reasonable rate than Washington anticipated, though the Nets continue to lurk and could put a big offer sheet on the table.

The terms on Hill’s new three-year, $57MM deal are identical to the reported terms on Jeff Teague‘s agreement with the Timberwolves, so that deal likely served as a reference point during discussions between the Kings and Hill’s camp.

Photo courtesy of USA Today Sports Images.

Clippers Sign Milos Teodosic

July 10th, 2017 at 3:27pm CST by Arthur Hill

JULY 10, 3:27pm: Teodosic has officially signed his contract with the Clippers, according to a tweet sent out by his agency.

JULY 6, 1:44pm: European point guard Milos Teodosic has reached an agreement with the Clippers, tweets Adrian Wojnarowski of ESPN.com. It will be a two-year, $12.3MM contract with a player option on the second season (Twitter link).

Several teams have been in competition for the 30-year-old, who is considered to be one of the top players outside the NBA. He was reportedly seeking a three-year deal worth $25MM to $30MM, but his new contract is substantially less, at least in the first season.

The Heat, Kings, Nuggets, Jazz, Nets, Bulls and Timberwolves were among the other teams that expressed interest. Minnesota offered its room exception, but understood that he could get more money elsewhere, tweets Darren Wolfson of 5 Eyewitness News. Brooklyn decided that Teodosic’s defensive shortcomings made him a poor candidate for big money or big minutes, according to NetsDaily (Twitter link).

A star with Serbia at the 2016 Olympics, Teodosic made his current team, CSKA Moscow, one of the best in the Euroleague. He has averaged 16.1 points per game over the past two seasons and 6.5 assists over the last three. The Russian squad was hoping to keep him, but admitted that it couldn’t compete financially with NBA teams.

Teodosic’s signing may end the Clippers’ interest in Derrick Rose, who met with the team on Wednesday. With Patrick Beverley and Lou Williams already on the roster, there doesn’t seem to be any room for Rose.