Transactions Rumors | Hoops Rumors

Hawks Sign Lamar Patterson, Ryan Kelly

February 24th, 2017 at 10:25am CST by Arthur Hill

FEBRUARY 24, 10:25am: The Hawks have formally signed both Patterson and Kelly to multiyear contracts, according to Chris Vivlamore of The Atlanta Journal Consitution (via Twitter). Vivlamore notes that the deals have team options, so they’re likely only guaranteed for this season.

FEBRUARY 23, 7:15pm: The Hawks will fill their two open roster spots by signing Lamar Patterson and Ryan Kelly for the rest of the season, writes Chris Vivlamore of the Atlanta Journal Constitution.

Patterson played four games with the Hawks this year, but he recently returned to the D-League after his second 10-day contract expired. The 25-year-old shooting guard appeared in 35 games for Atlanta last season, but spent much of the year in the D-League. He was drafted by the Bucks in the second round in 2014 and traded to the Hawks the next day.

Kelly played nine games for Atlanta this season before being waived January 9th. He has been playing for the D-League’s Maine franchise. The 25-year-old power forward spent his first three NBA seasons with the Lakers.

Sixers Trade Nerlens Noel To Mavericks

February 23rd, 2017 at 8:48pm CST by Luke Adams

8:48pm: The trade is official, according to a press release from the Sixers. The announcement suggests that if the 2017 first-round pick from the Mavs isn’t conveyed, Philadelphia will receive Dallas’ second-round picks for 2017 and 2020.

11:58am: According to ESPN’s Zach Lowe and Eddie Sefko of The Dallas Morning News (Twitter links), if the Sixers don’t receive the Mavs’ first-round pick this year, they’ll instead receive 2017 and 2018 second-round picks from Dallas. Since that first-rounder is top-18 protected, it seems very unlikely to change hands, so the conditions on the pick make the deal look even better for the Mavs.

11:30am: There are still some moving parts to sort out in the deal before it becomes official, according to Jake Fischer of SI.com, who tweets that the trade may expand to involve a third team so that the Sixers don’t have to waive a player.

10:46am: The Sixers are in agreement with the Mavericks on a deal that will send Nerlens Noel to Dallas, reports Adrian Wojnarowski of The Vertical (via Twitter). According to Wojnarowski, Philadelphia will receive Justin Anderson and a first-round pick from the Mavs. ESPN’s Marc Stein adds (via Twitter) that the Sixers will also get Andrew Bogut‘s expiring contract.

According to Stein (via Twitter), the first-round pick heading to the Sixers in the deal will be top-18 protected in 2017, which makes it unlikely that it will change hands this year. As our 2016/17 Reverse Standings show, Dallas currently projects to have the No. 7 overall pick, though Noel should help improve this year’s team. Future protections on the first-rounder have not yet been reported.

Noel, who will turn 23 in April, was frequently mentioned as a trade candidate earlier this season, particularly after he publicly questioned the Sixers’ decision to head into camp with a logjam at center. However, the former sixth overall pick had played well as of late, averaging 8.9 PPG, 5.0 RPG, and a career-best .611 FG% in less than 20 minutes per game for the season.

Recent trade rumors had focused more on Jahlil Okafor than Noel, so it will be interesting to see if the Sixers end up moving Okafor today as well. In his full report on the trade, Wojnarowski suggests Okafor is now likely to stay put. However, as Jake Fischer of SI.com notes (via Twitter), the Sixers have been “steadfast” this week in their efforts to move Okafor, so it would be a change of direction to hang onto him now.

[RELATED: Latest on Jahlil Okafor]

For the Mavs, Noel represents a substantial upgrade at center, giving the team the sort of athletic, rim-protecting big man it had been seeking. As Wojnarowski tweets, Dallas has “long been intrigued” by Noel, and will look to lock him up this summer. The Kentucky product will be a restricted free agent, so the Mavs will have the opportunity to match any offers he receives from other teams.

From the Sixers’ perspective, the move represents a chance to pick up a young player and a draft pick while also potentially not having to worry about reaching the salary floor. Anderson has yet to make a real impact in his two NBA seasons, but he’s still just 23 years old and won’t be a restricted free agent until the summer of 2019. Meanwhile, the combined salaries for Bogut ($11MM+) and Anderson ($1.51MM) are worth approximately $8MM more than Noel’s salary, allowing Philadelphia to surpass the salary floor.

However, if the Sixers were to flip Bogut in another deadline deal, that could change the equation, and the team has yet to decide what they’ll do with the veteran center, per Marc J. Spears of The Undefeated (Twitter link). ESPN’s Chris Haynes reports (via Twitter) that Bogut and the Sixers are expected to engage in buyout talks, with potential suitors like the Cavs keeping a close eye on the situation. However, TNT’s David Aldridge (Twitter links) suggests Philadelphia could reroute the former No. 1 pick to another team, with the Celtics as one possibility.

A couple final bookkeeping notes on the swap: Assuming it’s completed as reported, Dallas should have the opportunity to create a pair of trade exceptions in the deal. One would be worth about $6.64MM (the difference between Bogut’s and Noel’s salaries), while the other would be worth approximately $1.51MM (Anderson’s salary). The Mavs should also now comfortably avoid the luxury tax this season, having previously been about $1MM away from the tax threshold.

Photo courtesy of USA Today Sports Images.

Sixers Waive Chasson Randle

February 23rd, 2017 at 8:34pm CST by Arthur Hill

The Sixers have waived guard Chasson Randle to open a roster spot to complete today’s trade with the Mavericks, tweets Jake Fischer of Sports Illustrated.

Randle, who appeared in eight games for Philadelphia, signed a three-year contract January 30th. Only his $233,373 salary for this season was guaranteed. Randle would have received $1,312,611 for 2017/18 and $1,544,951 for 2018/19 if he had remained with the team.

The Sixers sent Nerlens Noel to Dallas in exchange for Andrew Bogut, Justin Anderson and a first-round pick. Because Philadelphia already had 15 players on its roster, someone had to go before the trade could be finalized.

Bogut is expected to agree to a buyout, so Randle could return to fill that roster spot if he clears waivers. Randle saw just an average of 9.3 minutes per night in his eight games, but scored 5.3 points per contest and shot 40% from 3-point range.

Thunder Acquire Doug McDermott, Taj Gibson

February 23rd, 2017 at 6:44pm CST by ChrisCrouse

6:44pm: The deal is official, according to press releases issued by both teams.

1:44 PM: The two teams are nearing a deal that will send Payne to Chicago and both McDermott and Gibson to OKC, according to Shams Charania of The Vertical (Twitter link). The Bulls will receive Anthony Morrow and Lauvergne in addition to Payne, while the Thunder will receive a 2018 second-round pick. Roberson is not involved in the deal.

1:28 PM: The Thunder and Bulls continue to have trade discussions regarding Doug McDermott and Taj Gibson, Marc Stein of ESPN.com relays (Twitter links). Frank Isola of the New York Daily News (Twitter links) hears that the two teams are closing in on a deal that will send McDermott to OKC in exchange for Andre Roberson and Cameron Payne.

Oklahoma City has been trying to figure out what a new deal for Roberson would look like in the offseason, Adrian Wojnarowski of The Vertical reports (Twitter link). Roberson will be a restricted free agent at the end of the season and a trade could signal that OKC feels the price tag will be too high. A Roberson trade is not imminent, as Vincent Goodwill of Comcast Sportsnet (Twitter link) hears that the deal could simply be Payne for McDermott.

The Thunder are exploring a trade that would bring both McDermott and Gibson to the team, according to Stein. Earlier today, we learned that the Bulls have been seeking a first-round pick in exchange for Gibson for quite some time. Oklahoma City has already shipped out a pair of future first-round picks in previous deals, so the first selection the franchise can trade is its 2022 pick. If OKC is to acquire both players, Stein (Twitter link) hears that it would take Payne, Joffrey Lauvergne, and draft compensation for the Bulls to oblige.

Gibson will be an unrestricted free agent after the season. The Bulls lost Pau Gasol to free agency last season and the experience has “motivated” to get something for Gibson rather than going through the same scenario once again this summer, K.C. Johnson of the Chicago Tribune notes on Twitter.

Rockets Trade Tyler Ennis To Lakers

February 23rd, 2017 at 6:40pm CST by Luke Adams

6:40pm: The Lakers also received the draft rights to Brad Newley in the deal, tweets Mark Medina of The Los Angeles Daily News. Drafted in 2007, the 32-year-old swingman plays for AEK Athens in Greece.

6:28pm: The deal is official, the Lakers announced (Twitter link). Meanwhile, the Rockets have waived Huertas.

1:58pm: The Rockets have agreed to a deal that will send Tyler Ennis to the Lakers, according to Adrian Wojnarowski of The Vertical (via Twitter). Wojnarowski reports that Houston will receive Marcelo Huertas from Los Angeles, but that the Rockets will waive Huertas after acquiring him.

Ennis is eligible for unrestricted free agency this summer, while Huertas had a non-guaranteed salary for 2017/18, so both players were essentially on expiring contracts. The Rockets were likely planning on waiving Ennis after the deadline, so by acquiring and waiving Huertas instead, they’ll create a tiny bit of extra cap room as they peruse the buyout market. Ennis is earning approximately $233K more than Huertas this season.

From the Lakers’ perspective, Huertas had seen his playing time reduced significantly this season, having averaged 10.3 MPG in just 23 contests. He apparently wasn’t part of the team’s long-term plans, so L.A. decided to take a flier on Ennis, who could be re-signed at a modest price in the offseason if the team likes what it sees down the stretch.

Nets Acquire K.J. McDaniels

February 23rd, 2017 at 6:33pm CST by ChrisCrouse

6:33pm: The Rockets will receive cash considerations, not a draft pick, from the Nets in exchange for McDaniels, tweets Michael Scotto of Basketball Insiders. The deal is now official.

3:57pm: The Nets will send a future draft choice – presumably a protected second-round pick – to the Rockets as part of the deal, according to a report from The Associated Press.

1:32pm: The Rockets have traded K.J. McDaniels to the Nets, according to Adrian Wojnarowski of The Vertical (Twitter links). The deal will save the Rockets roughly $3.3MM, which the team plans on using once the buyout market establishes itself.

Teams cannot take on a player/draft picks from another team without receiving some sort of compensation in return, per NBA rules. It’s likely that Houston will receive either a heavily protected second-round pick or the rights to a player currently playing abroad in the trade.

Brooklyn was about $13.5 under the salary cap after the Andrew Nicholson trade and it had an open roster spot after waiving Marcus Thornton on Wednesday. With McDaniels aboard, the Nets have 15 players under contract, as the team’s depth chart at Roster Resource indicates.

McDaniels shined during his rookie season with the Sixers, but he hasn’t gotten consistent playing time since Philly traded him to Houston at the 2015 trade deadline. The Clemson University product saw 1352 minutes of action during his first half season in the league with the Sixers, but he only received a total of 447 minutes in the two years since.

Suns Acquire Mike Scott

February 23rd, 2017 at 6:00pm CST by ChrisCrouse

6:00pm: Phoenix received Scott, the draft rights to Cenk Akyol and cash considerations in exchange for a protected second-round pick, tweets Chris Vivlamore of The Atlanta Journal Constitution.

2:01pm: The Hawks will send Mike Scott to the Suns in exchange for cash compensation, according to Adrian Wojnarowski of The Vertical (Twitter link). Although an initial report suggested that the Hawks would also receive a heavily-protected second-round draft pick, Chris Vivlamore of The Atlanta Journal Constitution reports (via Twitter) that no pick is involved — just cash.

Phoenix has 15 players under contract, as the team’s depth chart at Roster Resource indicates, so an additional roster move will be needed. Phoenix entered the day with roughly $13.2MM in available salary cap space, though that was before the P.J. Tucker deal as well as this trade.

Scott spent his entire career in Atlanta after the team selected him with the No. 43 overall pick in the 2012 draft. The 28-year-old power forward has seen his role on the Hawks fluctuate this season. He’s seen action in just 18 contests where he’s averaged 2.5 points per game.

Raptors Acquire P.J. Tucker

February 23rd, 2017 at 5:42pm CST by Milo Taibi

5:42pm: The deal is official, according to a release from the Raptors (Twitter link).

2:21pm: The two picks heading to the Suns in the deal are the Raptors’ unprotected second-rounders in 2017 and 2018, tweets Gambadoro.

2:04pm: The Suns will trade P.J. Tucker to the Raptors, Adrian Wojnarowski of The Vertical reports. In return, Toronto will send Jared Sullinger and two future second-round draft picks to Phoenix (Twitter links).

Earlier today, John Gambadoro of Arizona Sports 98.7 reported Tucker’s asking price to be a first-round draft pick, which several teams balked at. Tucker fills an obvious defensive need for Toronto. According to Gambadoro, the team views him as an option to guard LeBron James in the postseason (Twitter link).

Phoenix’s return appears to fall short of their first-round pick expectations. Sullinger has struggled in 2016/17, making slow progress from a fractured right foot. The former Buckeye is signed through the season on a $5,628,000 deal, having received most of his playing time in the D-League. He looks like a buyout candidate.

As Bobby Marks of The Vertical notes, Tucker’s bird rights were a crucial element of this trade (Twitter link). Tucker, who is on the last season of a three-year, $16.5MM contract, presumably stands a chance of re-signing with Toronto following the season.

Pelicans Sign Hollis Thompson To 10-Day Deal

February 23rd, 2017 at 5:16pm CST by ChrisCrouse

FEBRUARY 23rd, 5:16pm: The signing is official, according to a press release from the team.

FEBRUARY 22nd, 6:31pm: The Pelicans will sign Hollis Thompson to a 10-day contract, according to Marc Stein of ESPN.com (Twitter link). New Orleans had an open roster spot after the DeMarcus Cousins trade, as the team’s depth chart at Roster Resource indicates.

The team auditioned several players earlier in the week. Mario Chalmers, Quinn Cook and Reggie Williams were among the players trying out for a 10-day deal.

Thompson has been playing for the Spurs’ D-League affiliate. He played for the Sixers earlier this season but was cut before his contract became fully guaranteed.

Pelicans Waive Terrence Jones

February 23rd, 2017 at 4:57pm CST by Milo Taibi

4:57pm: The Pelicans have officially waived Jones, the team announced today (via Twitter). The big man will be an interesting player to watch on waivers — since he signed a one-year, minimum salary contract last summer, any team could claim him using the minimum salary exception, so it’s possible he won’t reach the open market.

2:21pm: The Pelicans are expected to waive Terrence Jones, Justin Verrier of ESPN reports. New Orleans had previously shopped Jones on the trade market, but- seemingly unable to find a trade partner- will waive the 25-year-old so he can pursue an opportunity elsewhere (Twitter links)

Jones is sure to generate interest on the buyout market. New Orleans received excellent value from Jones, who signed a one-year, $1.05MM contract over the offseason. The former Kentucky Wildcat averaged 11.5 points over 51 games, shooting 47.2% from the field.

The Pelicans now have a vacant roster spot, which they may use on a guard. Earlier today, Marc Stein of ESPN relayed the team’s intent on auditioning Jarrett Jack (Twitter link). Additionally, the Pelicans recently staged work-out sessions for Wayne Selden, Mario Chalmers, Hollis Thompson, Quinn Cook, and Reggie Williams.