Transactions Rumors | Hoops Rumors

Spurs Waive Ray McCallum

February 29th, 2016 at 5:19pm CST by Chuck Myron

The Spurs have waived point guard Ray McCallum, the team announced via press release. Adrian Wojnarowski of The Vertical on Yahoo Sports reported this weekend that the move would come so that San Antonio could sign Andre Miller, fresh off his buyout from the Timberwolves. The Spurs had been carrying a full roster of 15 players, so someone had to go for Miller to join.

McCallum’s minimum salary of $947,276 will stick on San Antonio’s books if he clears waivers, which isn’t necessarily a given. Any team that claims him would be able to match offers for him when he hits free agency this summer, though not every team is eligible to claim him. Teams must have cap space, a trade exception or a disabled player exception to claim McCallum, as Bobby Marks of The Vertical on Yahoo Sports tweets.

McCallum appeared in 31 games with the Spurs, including three starts, but he only averaged 2.2 points and 1.1 assists in 8.3 minutes. He also played seven games with the team’s D-League affiliate in Austin.

San Antonio acquired McCallum from the Kings via trade for a second-round pick in July. McCallum was the Kings’ second-round selection in 2013 and started 40 games for them in his first two seasons.

The 24-year-old has ties to the Pistons. In one of his recent tweets, Vince Ellis of The Detroit Free Press noted that Detroit coach Stan Van Gundy is friends with University of Detroit Mercy basketball coach Ray McCallum Sr., so perhaps that could lead to the younger McCallum returning to his roots in Michigan. Detroit would have to open up a roster spot for that to happen, but the Pistons currently have power forward Justin Harper on a 10-day contract.

Heat Waive Beno Udrih In Buyout Deal, Dodge Tax

February 29th, 2016 at 4:37pm CST by Chuck Myron

4:37pm: Udrih’s release is official, the team announced (Twitter link). The amount he gave up was nominal, a source told Ira Winderman of the Sun Sentinel (on Twitter), pegging it as likely around $50K, not much more than was necessary to skirt the tax line.

3:36pm: The Heat and Beno Udrih have agreed to a buyout deal that will see the point guard give up enough of his salary for the team to slip under the luxury tax line, and that’s prompted complaints from multiple teams around the league, reports Brian Windhorst of ESPN.com. Shams Charania of The Vertical on Yahoo Sports earlier reported the sides were near agreement on a buyout, and that raised questions about why Udrih, who’s expected to be out until late May because of foot surgery, would relinquish salary in return for the chance to hit free agency before the end of the season.

Miami ducked the tax line at the trade deadline, only to go over once again with the signing of Joe Johnson, whom several other teams pursued. The Heat’s ability to snag Johnson and still end up out of the tax is part of the reason murmurs have surfaced around the league, Windhorst indicates. Teams beneath the tax line receive tax payments from those above the threshold, but that distribution is smaller when there are fewer taxpayers. The Heat are in line for a $2.6MM tax payment plus $110K in tax savings as a result of Udrih’s buyout, according to Windhorst. The Johnson signing put Miami approximately $44K over the tax line, as The Vertical’s Bobby Marks pointed out. Those figures jibe with repeat-offender tax rate of $2.50 for every dollar the Heat would spend over the line.

It’s unclear exactly how much of Udrih’s more than $2.170MM salary he’s poised to relinquish in the buyout, though given Miami’s reported discussion with free agent target Marcus Thornton and the team’s lack of depth at point guard, it wouldn’t be surprising if the Heat pushed Udrih to give back more than just the $44K needed for them to slip beneath the tax line. It seems unlikely he would recoup whatever he gave up, at least at any point this season, since he probably won’t be able to return to the court until deep into the playoffs, Windhorst notes. The Heat would be eligible to re-sign him if he clears waivers, but if they did so, it would surely draw even more scrutiny.

Suns Waive Kris Humphries

February 28th, 2016 at 4:18pm CST by Arthur Hill

4:18pm: The Suns have waived Humphries, the team announced (on Twitter), confirming an earlier tweet from Marc Stein of ESPN.com.

SUNDAY, 11:01am: The Suns are expected to complete a buyout deal with Kris Humphries later today, according to Paul Coro of The Arizona Republic. The Hawks are the favorite to sign Humphries after he clears waivers, as Michael Scotto of Sheridan Hoops first reported Saturday. Because Humphries is being released before Tuesday’s deadline, he will be eligible to participate in the postseason with his new team. “Basketball always comes down to winning and competing, especially now that the season is so long,” Humphries said, according to Coro. “[Joining a playoff team] is always an option.”

Humphries has been in Phoenix for a little more than a week after Washington traded him there in a deadline deal for Markieff Morris. The Suns also received a top-nine protected draft pick and DeJuan Blair, who was waived on Monday. Humphries is making $4.6MM this season and in 2016/17, so it’s possible he could be giving up a substantial amount of money in the buyout.

The parting of ways with Humphries coincides with Phoenix’s desire to give more time to younger players, as Coro examines in a separate story. Interim coach Earl Watson used the team’s 18th different starting lineup of the season Saturday and wants to see more of Alex Len, Archie Goodwin and Devin Booker.

“I think it’s time to put our young guys in position, as many young guys as we can, in a position to be successful,” Watson said. “I think we have to let them be comfortable.”

The Hawks have an open roster spot and are definitely interested in Humphries, writes Chris Vivlamore of the Atlanta Journal-Constitution. Atlanta has been monitoring buyout candidates as it searches for a replacement for center/forward Tiago Splitter, who is out for the rest of the season after undergoing hip surgery this week. Splitter was averaging 5.6 points and 3.3 rebounds through 36 games, mostly as a reserve.

Humphries could play a role in costing his former team a playoff spot if he signs with Atlanta, writes Ben Standig of CSNMidAtlantic. At 27-30, the Wizards are in 10th place and four games behind the Hawks in the Eastern Conference playoff race. The teams will meet three more times this season.

Nets Sign Sean Kilpatrick To 10-Day Pact

February 28th, 2016 at 1:54pm CST by Chuck Myron

SUNDAY, 1:54pm: The Nets have officially signed Kilpatrick to a 10-day contract, the team announced via press release.

FRIDAY, 3:36pm: The Nets are expected to sign former Timberwolves and Nuggets shooting guard Sean Kilpatrick, reports Darren Wolfson of 1500 ESPN (Twitter link). Brooklyn opened two roster spots in buyout deals with Joe Johnson and Andrea Bargnani this week, so the team doesn’t need to make a corresponding move. It’s unclear whether the signing would be a 10-day arrangement or cover the rest of the season.

The 26-year-old Kilpatrick has been putting up impressive numbers for the D-League affiliate of the Sixers this year. He’s averaging 26.4 points in 38.4 minutes per game with 42.6% 3-point shooting in 28 appearances.

Kilpatrick has seen extremely limited action in the NBA thus far in his career, having made a total of 12 appearances over parts of two seasons. His NBA numbers are 4.1 points, 1.0 rebounds and 0.6 assists to accompany a slash line of .366/.267/.917.

Cavs To Ink Jordan McRae To 10-Day Pact

February 28th, 2016 at 9:08am CST by Eddie Scarito

SUNDAY, 9:08am: The signing is official, the team announced this morning.

SATURDAY, 2:40pm: A league source has confirmed the expected signing to Jason Lloyd of The Akron Beacon-Journal, saying the Cavaliers need more players in practice because of injuries.

FRIDAY, 6:25pm: The Cavaliers intend to sign shooting guard Jordan McRae to a 10-day contract, Chris Reichert of Upside & Motor reports (Twitter link). Cleveland currently has two available roster slots, so no additional moves will be required to bring McRae into the fold.

It would appear Cleveland will gain some depth in its backcourt, though McRae is certainly a step down in stature from Joe Johnson, whom the Cavs were reportedly targeting for once he clears waivers. Johnson, who reached a buyout arrangement with the Nets, will reportedly sign with the Heat instead.

McRae, 24, has already tasted some NBA action this season while he was with the Suns via two 10-day deals. Phoenix declined to sign him for the remainder of the season when his second 10-day deal expired and he subsequently returned to the Sixers’ D-League affiliate.

The shooting guard appeared in seven contests for the Suns and averaged 5.3 points, 1.1 rebounds and 1.4 assists in 11.8 minutes per night. McRae’s D-League numbers are far more eye-popping, as he’s notched 23.3 points, 4.6 rebounds and 5.2 assists in 29 contests on the season.

Heat Sign Joe Johnson

February 27th, 2016 at 5:55pm CST by Arthur Hill

5:55pm: The move is official, the team announced.

5:32pm: Joe Johnson, who reached a buyout agreement with the Nets on Thursday, will sign with Miami, tweets Heat managing general partner Micky Arison. Johnson cleared waivers this afternoon, and Arison’s tweet indicates that he will be available for Sunday night’s game with the Knicks.

On Friday, the Heat emerged as the favorite to sign Johnson after initial speculation that he might go to Cleveland. Miami has two open roster spots, so no move would be necessary to add Johnson. However, the signing will push the Heat back over the luxury tax line. Miami dipped below the line with moves at the trade deadline, but left itself unable to sign any player at any salary before March 6th without crossing the line again. The Heat will pay repeat-offender tax penalties of at least $2.50 for every dollar they’re over the tax line on the final day of the regular season.

Johnson averaged 11.8 points, 3.9 rebounds and 4.1 assists in 57 games with Brooklyn this season. The Heat will be his fifth franchise in a 15-year NBA career.

The move has the enthusiastic support of veteran guard Dwyane Wade, according to Barry Jackson of The Miami Herald. “To put somebody on the floor that can shoot the ball, can score in different areas of the floor and make plays, just adds to what we’re trying to do,” Wade said. “Joe is a friend of mine. I tried to do my best to paint the picture that this is a good place to be, and the decision from there is his. Make sure he sees my name in his in-box a lot. He made the decision what’s best for them… Open arms in Miami for him.”

Heat To Sign Joe Johnson

February 26th, 2016 at 5:24pm CST by Chuck Myron

5:24pm: The Heat are expected to waive a player in the immediate future which will help them remain under the tax line after inking Johnson, Ira Winderman of The Sun Sentinel relays (on Twitter).

1:47pm: The Heat expect they’ll sign Joe Johnson this weekend, sources tell Zach Lowe of ESPN.com (Twitter links). He’s indeed headed to Miami, barring an unforeseen turn of events, as Ethan Skolnick of The Miami Herald confirms (on Twitter). The 15th-year veteran clears waivers Saturday. So, it appears Miami is poised to cross back into tax territory. The Heat would have to wait until March 6th to sign Johnson or anyone else to a minimum salary contract without putting themselves in line to pay repeat-offender tax penalties. Miami could work a buyout with another player to avert the tax or waive someone and hope another team claims him, though those scenarios rely on the cooperation of others. Failing any such tax escape hatch, a minimum-salary deal with Johnson would cost about $125K in taxes, $265K in salary and force the team to miss out on a $2.5MM windfall that would come from the league’s payout to non-tax teams, according to Bobby Marks of The Vertical on Yahoo Sports (Twitter link).

Adam Zagoria of SNY.tv first identified the Heat as the front-runners for Johnson earlier today, a reversal from last week, when Chris Haynes of the Northeast Ohio Media Group and the Cleveland Plain Dealer heard Johnson would sign with the Cavs if he worked a buyout with the Nets. Johnson received that buyout Thursday, reportedly giving up about $3MM in exchange for his release. The 34-year-old also apparently had serious interest in the Hawks, but instead it looks like he’s on his way to Miami, reportedly feeling as though he’d see a more significant role there than with other teams. Johnson would prefer living in Miami over other places, too, as Ohm Youngmisuk of ESPNNewYork heard (Twitter link). The Cavs reportedly turned into long shots for him, and Skolnick hears the Thunder and Hawks, not the Cavs, were the teams that most appealed to Johnson aside from the Heat (Twitter link).

Johnson will supplement a Heat roster decimated by injuries and cost-cutting moves that have left them with only 10 healthy players. Conflicting reports surround the matter of whether the Heat are pressuring Chris Bosh to sit out the rest of the season because of renewed blood-clot issues, while Tyler Johnson is out until at least April and Beno Udrih at least May. Heat team president Pat Riley cited the team’s dwindling point guard corps Thursday when he left the door open a crack to the idea of paying the tax, but Johnson is a wing player. He’s nonetheless the jewel of the buyout market even though his scoring average has declined for four straight years. The seven-time All-Star posted 11.8 points in 33.9 minutes per game across 57 appearances with Brooklyn this season. He’s shot 37.1% on his 3-pointers this season, matching the rate for his career, and that figures to help Miami, which is 28th in 3-pointers made.

The Heat have eyed Johnson for weeks, if not longer, as Skolnick reported earlier this month that the Heat would have interest if Johnson became available on the buyout market.

Rockets Waive Marcus Thornton

February 26th, 2016 at 3:48pm CST by Chuck Myron

3:48pm: The Rockets have officially waived Thornton, the team announced.

2:41pm: The Rockets will waive Marcus Thornton, agent Tony Dutt tells Mark Berman of Fox 26 Houston (Twitter link). The news is no surprise, as Dutt and the Rockets had been set to discuss the next step for the shooting guard who hasn’t played for Houston since the trade that was to send him to Detroit was voided Monday. The seventh-year veteran signed a one-year contract for the minimum salary in the offseason, but it’s unclear if he’s giving up any of that to secure his release. He’ll be eligible to join another team for the playoffs as long as Houston formally waives him no later than Tuesday.

Thornton averaged 10.0 points in 18.8 minutes per game for the Rockets, his first double-digit scoring average since notching 12.7 points a night with the Kings in 2012/13. He posted a career-high 18.7 points per game with Sacramento in 2011/12. The 28-year-old vented frustration in December with the up-and-down minutes he was seeing in Houston, but he still averaged more minutes than the 15.0 per game he saw last season with the Suns and Celtics.

The move will open a roster spot for the Rockets. They could wind up with two open spots if buyout talks with Ty Lawson result in a waiver. However, Joe Johnson, reportedly one of Houston’s targets, instead reportedly plans to sign with the Heat.

Wolves Waive Andre Miller In Apparent Buyout

February 25th, 2016 at 4:18pm CST by Eddie Scarito

The Timberwolves have officially waived Andre Miller, the team announced. The two sides were reportedly working on a buyout arrangement, which is likely the case, though no mention of any agreement was relayed in the team’s official statement. Minnesota team owner Glen Taylor indicated earlier today that the team would probably reach a buyout agreement with Miller that would allow the 39-year-old point guard to appear in the postseason with another franchise.

Miller is on a one-year deal for the minimum salary, which the Wolves will be on the hook for the remainder of provided he clears waivers. Releasing the veteran playmaker leaves Minnesota with a roster count of 14 players, one below the regular season maximum.

The 39-year-old has appeared in 26 games this season for the Wolves averaging 3.4 points, 0.9 rebounds and 2.2 assist in 10.8 minutes per night. Miller’s career averages since being the No. 8 overall pick in the 1999 NBA Draft are 12.6 points, 3.7 rebounds and 6.6 assists to accompany a slash line of .460/.217/.807.

Nets Waive Joe Johnson In Apparent Buyout

February 25th, 2016 at 2:13pm CST by Chuck Myron

The Nets have waived Joe Johnson, the team announced via press release. The statement didn’t refer to it as a buyout, but the sides were in buyout talks, as Marc Stein of ESPN.com reported earlier today. The 34-year-old was making almost $24.895MM in the final year of his contract and likely relinquished a portion of that in exchange for the chance to hit free agency.

“The Nets want to thank Joe for his many contributions to the team and the organization,” Nets GM Sean Marks said in the team’s statement. “Joe has been a quality professional since joining the Nets four years ago, was a valued member of three playoff teams, and provided many thrilling moments for his teammates and Nets’ fans. We wish him much success in the future.”

No team has enough cap room or any exception large enough to claim Johnson off waivers, so he’s poised to hit the open market Saturday. He’d been planning to sign with the Cavaliers in the event of a buyout, as Chris Haynes of the Northeast Ohio Media Group and the Cleveland Plain Dealer reported, but Chris Vivlamore of the Atlanta Journal-Constitution hears he has interest in rejoining the Hawks, the team he played for from 2005 to 2012. The Cavs and Hawks are among a group in pursuit of the 15th-year veteran that also includes the Celtics, Rockets, Heat, Thunder and Raptors, according to Stein. Ethan Skolnick of the Miami Herald first reported the Heat’s interest weeks ago, but Miami is unable to sign anyone prior to March 6th without crossing the luxury tax line.

The move leaves the Nets with two open roster spots. Brooklyn saved more than $1.5MM through a buyout deal with Andrea Bargnani this past weekend. Marks has been on the job for only a week, but both Bargnani and Johnson have hit waivers in that brief time. The Nets also released Deron Williams in a buyout deal this past summer under former GM Billy King.