Transactions Rumors | Hoops Rumors

Celtics Sign Coty Clarke For Camp

August 21st, 2015 at 1:00pm CST by Chuck Myron

AUGUST 21ST, 1:00pm: Clarke has signed a contract that’s worth the rookie minimum for one year and is non-guaranteed, according to Eric Pincus of Basketball Insiders (Twitter link). It contains limited injury protection, Pincus adds, indicating that it’s an Exhibit 9 contract. The Celtics have yet to make a formal announcement.

AUGUST 7TH, 11:02am: The Celtics will sign former University of Arkansas forward Coty Clarke for training camp, a source told Sportando’s Emiliano Carchia. A person with knowledge of the situation confirmed to Hoops Rumors that the 6’7″ 23-year-old will indeed be in Celtics camp. The sides are still working out details, the person said, but the one-year pro is Boston-bound.

Clarke will be a surprise addition to the Celtics preseason roster. He didn’t attend an NBA training camp last fall after going undrafted in June 2014, and he didn’t play NBA summer league ball this year or last. He spent this past season playing for Hapoel Kazrin in Israel, where he put up 19.4 points and 9.4 rebounds in 30.7 minutes per game. He averaged 9.4 PPG and 5.6 RPG in 22.3 MPG as a senior at Arkansas during the 2013/14 season.

The addition of Clarke will bring Boston to 20 players with either a signed contract or a verbal agreement. Teams can carry no more than 20 contracts in the offseason before cutting down to the 15-man regular season limit. The Celtics have 17 fully guaranteed deals, including Zoran Dragic, whom they reportedly intend to either waive or trade. Such a move would still leave the team with one more guaranteed contract than it can carry for opening night, so Clarke faces long odds to stick with the Celtics beyond the preseason. Still, Boston has the ability to retain the D-League rights to as many as four of the players it waives, so Clarke would appear to have a much stronger chance to end up with the Maine Red Claws, the D-League affiliate of the Celtics.

Pelicans Sign Bryce Dejean-Jones

August 20th, 2015 at 3:55pm CST by Chuck Myron

AUGUST 20TH, 3:55pm: The signing is official, the Pelicans announced.

AUGUST 14TH, 3:15pm: The Pelicans have agreed to sign undrafted shooting guard Bryce Dejean-Jones to a partially guaranteed three-year contract, league sources told Shams Charania of RealGM. Dejean-Jones finished out his collegiate career with Iowa State this past season before playing last month for the Pelicans summer league team. New Orleans has been carrying only 12 players, all of whom have full guarantees, so Dejean-Jones appears to have a strong chance to make the regular season roster, depending on the other moves the team might make between now and opening night.

Dejean-Jones averaged 12.8 points in 21.6 minutes per game for the summer Pelicans, nailing 61.9% of his shots from the floor and nine of his 18 three-point attempts, Charania notes. Those were better numbers than he posted in his lone season with the Cyclones after having previously played at USC and UNLV. The 6’5″ Dejean-Jones, who turns 23 in a week, put up 10.6 PPG in 23.0 MPG with 32.9% three-point shooting as a senior at Iowa State.

Neither Jonathan Givony of DraftExpress nor Chad Ford of ESPN.com ranked Dejean-Jones within their top 100 prospects for this year’s draft. He’ll join new Pelicans coach Alvin Gentry after having spent last season under Fred Hoiberg, who’s since left the school to become coach of the Bulls. New Orleans will use some portion of the $1.294MM it has left on its mid-level exception to make the signing official, since neither the minimum-salary exception or the biannual exception would provide for a three-year deal.

Raptors Sign Jonas Valanciunas To Extension

August 20th, 2015 at 2:51pm CST by Chuck Myron

Courtesy of USA Today Sports Images

2:51pm: Valanciunas will simply see $64MM on the deal, as there are no bonuses involved, Wojnarowski clarifies (on Twitter).

2:15pm: The deal is official, the Raptors announced (Twitter link). It’s worth $64MM over four years with a player option on the fourth year, according to Adrian Wojnarowski of Yahoo! Sports (Twitter links). Bonuses could bring the total value to $70MM, Wojnarowski also indicates.

“Jonas’ contributions continue to improve with each season and we view him as a significant part of what we are building in Toronto,” Ujiri said in the team’s press release.

12:41pm: The Raptors and Jonas Valanciunas have reached agreement on an extension, reports Josh Lewenberg of TSN.ca (Twitter link). The team and the Leon Rose client had reportedly been close to a four-year, deal worth more than $60MM earlier this week as they were deeply engaged in negotiations. Valanciunas left training with the Lithuanian national team to travel to Toronto this week and undergo a medical exam, national team coach Jonas Kazlauskas said, strongly hinting that Valanciunas intended to sign a deal.

The extension comes as no surprise after GM Masai Ujiri said this past spring that Valanciunas was “a huge part of our team” for the future. Ryan Wolstat of the Toronto Sun reported in early July that the Raptors planned to work toward extensions with both Valanciunas and Terrence Ross, though the team’s brass has seemed especially high on Valanciunas, as they seemed to blame the coaching staff for slow development in the center’s game. The Raptors and head coach Dwane Casey overhauled the team’s group of assistant coaches, bringing in Rex Kalamian, Andy Greer and Jerry Stackhouse.

A figure in excess of $60MM over four years would make Valanciunas one of the league’s most highly paid big men, far eclipsing the $12MM a year that Nikola Vucevic, a center with greater scoring production and similar defensive issues, will see on the extension he signed with the Magic this past fall. Still, Enes Kanter, another interior scorer who’s proven a liability on defense, came away with a max deal of about $70MM this summer as the economics of the NBA change in advance of the projected leaps in the salary cap. An extension for Valanciunas would take effect starting with the 2016/17 season, the first covered under the league’s $24 billion TV deal.

Sportsnet’s Michael Grange speculated that even $60MM over four years would be low, pegging a $64-66MM arrangement as fair value for the team (Twitter links). Grange compared Valanciunas, the fifth overall pick in the 2011 draft, to Tristan Thompson, the No. 4 pick that year who’s apparently been negotiating north of $80MM over five years with the Cavs. Valanciunas, unlike Thompson, isn’t a restricted free agent this summer because he remained overseas for a year after having been drafted.

I’d gone in the other direction, predicting that Valanciunas would end up with $13-14MM a year when I looked at his extension candidacy earlier this month. The timing of the deal is perhaps the most surprising element, since the sides had until November 2nd to sign an extension, and most extensions for less than the maximum salary don’t come until mere days or even hours before that deadline.

The Raptors have been carrying about $45.5MM on the books for 2016/17, a figure that presumes the team will pick up the rookie scale team options on Lucas Nogueira and Bruno Caboclo. That doesn’t include any money for DeMar DeRozan, who has a $10.05MM player option that early indications show he’s likely to decline. Presuming that new deals for Valanciunas and DeRozan would add up to around $30MM, Toronto would have less than $14MM against a projected $89MM cap to use on Ross or on outside free agents.

Do you think Valanciunas is worth more than $15MM a year in this market? Leave a comment to tell us.

Timberwolves Sign Tayshaun Prince

August 20th, 2015 at 10:59am CST by Chuck Myron

AUGUST 20TH, 10:59am: The deal is official, the team announced (Twitter link).

“We’re excited to add a veteran like Tayshaun,” Timberwolves coach/executive Flip Saunders said in the team’s statement. “Having coached Tayshaun for three seasons in Detroit, I know that his experience and defensive mindset will benefit our younger players. He also has shown that he can shoot from long distance, which will help our ability to stretch the floor.”

AUGUST 13TH, 12:54pm: The Timberwolves have reached agreement on a one-year deal with Tayshaun Prince for the minimum salary, a source told Marc J. Spears of Yahoo! Sports (Twitter link). The move is somewhat surprising, since Minnesota already has 15 fully guaranteed deals. He’ll join Kevin Garnett and the newly signed Andre Miller among the long-tenured veterans supplementing a youthful Wolves core. Prince is “super close” with longtime Pistons trainer Arnie Kander, who also recently joined Minnesota, notes Darren Wolfson of 1500 ESPN Twin Cities (Twitter link).

Prince finished up this past season in Detroit as a coda to the 10 and a half seasons he spent there at the start of his career. His production bounced back to a degree this past season after a dropoff in 2013/14. The Cavs and Spurs reportedly reached out to the Bill Duffy client at the start of free agency last month, and the Blazers apparently had more recent interest before the Wolves snagged him. Prince spent 2014/15 on the move, as the Grizzlies traded him to the Celtics in the Jeff Green deal and Boston later flipped him to the Pistons at the deadline.

Since it’s only for one year, the deal with Prince will cost the Wolves just $947,276 while the league picks up the tab for the rest of his $1,499,187 salary. It’s not much of a financial burden for Minnesota, which had been carrying about $72.7MM in guaranteed salary, well shy of the $84.74MM tax threshold, but it puts pressure on the team to make a trade before opening night to get down to no more than 15 fully guaranteed deals. Prince’s arrival also seemingly makes it tougher for Lorenzo Brown to stick past the preseason. His salary is partially guaranteed for only $75K.

Prince had hoped to sign with a contender, but the Wolves, who finished with the league’s worst record this past season, don’t fit that bill, notes Keith Langlois of Pistons.com (Twitter link). The small forward signed his last contract while he was still in his prime, so this pact will represent a significant decline in pay from the more than $7.7MM he made in 2014/15. Our Dana Gauruder correctly predicted in Prince’s Free Agent Stock Watch this week that he would end up with a one-year deal, even though the 35-year-old said this spring that he felt he could play for another two or three years.

Do you think Prince is the right fit for the Timberwolves? Leave a comment to let us know.

Raptors, Jonas Valanciunas Deep In Extension Talks

August 20th, 2015 at 9:16am CST by Chuck Myron

THURSDAY, 9:16am: The sides are still working, and while there has been some optimism they’ll strike a deal today, that remains to be seen, Grange tweets.

TUESDAY, 11:19am: The Raptors and Valanciunas are indeed close to deal, tweets Josh Lewenberg of TSN.ca, who suggests that it’s a distinct possibility a formal agreement will come this week. However, the timing remains a question mark, and it’s no guarantee the sides reach a deal this week, according to Michael Grange of Sportsnet (Twitter link).

4:23pm: The deal isn’t done, but the Raptors and Valanciunas are in advanced discussions toward a four-year extension that would be worth more than $60MM, Stein adds (on Twitter).

4:20pm: Marc Stein of ESPN.com confirms that Valanciunas on his way to Toronto “to firm up” an extension with the Raptors (Twitter link). It remains unclear whether the sides have an agreement quite yet, however.

MONDAY, 3:53pm: Jonas Valanciunas has left the Lithuanian national team to return to Toronto, where the Raptors have an extension offer waiting for him, Lithuanian national team coach Jonas Kazlauskas said, as Donatas Urbonas of 24Sek.lt writes and as Kevin Rashidi of Canada.com translates and confirms (Twitter link). He’ll undergo a physical, but Kazlauskas indicated the center would sign the deal.

The Raptors have reportedly wanted extensions with both Valanciunas and fellow former lottery pick Terrence Ross in advance of this year’s November 2nd deadline. GM Masai Ujiri this past spring called Valanciunas “a huge part of our team” for the future, and while the development of the 7-footer seemed to plateau this past season, the Raptors apparently placed the blame for that on their assistant coaches.

An extension for Valanciunas would kick in for the 2016/17 season, when the salary cap is projected to hit $89MM. The Raptors are set to enter that season with only about $45.5MM on the books, though that doesn’t include any money for Valanciunas, Ross, or DeMar DeRozan, who can opt out next summer.

Nikola Vucevic, a center who struggles defensively, as Valanciunas does, but who had put up greater offensive numbers, signed a four-year, $48MM extension with the Magic last year. Still, the rising cap prompted me to project, when I examined the extension candidacy of Valanciunas last week, that the Raptors would give the Leon Rose client $13-14MM a year.

Do you think the Raptors and Valanciunas should wait until the extension deadline in the fall, when other deals could help set the market, or are they smart to try to wrap up a deal now? Leave a comment to let us know.

Wizards To Sign Jaleel Roberts

August 19th, 2015 at 5:10pm CST by Eddie Scarito

The Wizards will sign undrafted center Jaleel Roberts, Shams Charania of RealGM reports (via Twitter). The exact length and terms of the deal are unknown, but Charania notes that it is a non-guaranteed pact. Roberts had worked out for Washington prior to this year’s NBA Draft.

The addition of Roberts will give Washington a roster count of 16 players, and with 15 of those contracts being fully guaranteed, the 22-year-old will be a longshot to make the regular season roster. Working in Roberts’ favor is the Wizards’ lack of depth at the pivot, with the team having just Marcin Gortat, DeJuan Blair, and Nene available for minutes at center currently.

The seven-footer played for four seasons at UNC-Asheville, notching career averages of 4.1 points, 3.2 rebounds, and 1.4 blocks to accompany a slash line of .581/.000/.650.

Hawks Sign Jason Richardson

August 18th, 2015 at 7:10pm CST by Eddie Scarito

AUGUST 18TH, 7:10pm: The signing is official, the Hawks announced via a press release.

AUGUST 15TH, 4:42pm: The Hawks have agreed to a deal with unrestricted free agent Jason Richardson, Marc J. Spears of Yahoo! Sports reports (Twitter link). The veteran guard’s deal will be non-guaranteed, Spears adds.

Richardson, 34, appeared in 19 contests for the Sixers last season, averaging 9.1 points, 3.5 rebounds, and 2.0 assists in 21.9 minutes per games. His career numbers through 13 NBA campaigns are 17.1 PPG, 5.0 RPG, and 2.7 RPG to go along with a slash line of .438/.370/.707.

Atlanta currently has a roster count of 16 players, 13 of whom possess fully guaranteed pacts, and three whose deals include partial guarantees.

Nuggets Waive Joey Dorsey In Buyout Deal

August 18th, 2015 at 1:12pm CST by Chuck Myron

1:12pm: Denver has waived Dorsey, the team announced via press release. He’s giving up $200K of his salary in the buyout, according to Eric Pincus of Basketball Insiders (Twitter links), who also indicates that the Nuggets waived their set-off rights as part of the arrangement. That means the Nuggets will have to pay Dorsey $815,241 if he clears waivers, regardless of the money he makes playing elsewhere the rest of this season.

10:49am: The Nuggets and Joey Dorsey have agreed to a buyout deal that will facilitate his departure for Turkey’s Galatasaray, reports Christopher Dempsey of The Denver Post (Twitter link). Dorsey, whom Denver will waive as part of the arrangement, has already signed a deal worth more than $650K with Galatasaray, as international journalist David Pick reported earlier this morning. The Nuggets had been set to pay him a guaranteed salary of more than $1.015MM for this season. It’s unclear how much of that Dorsey has agreed to forfeit.

Another NBA team could claim Dorsey off waivers and foil his plan to go overseas once the Nuggets release him, but that’s an unlikely outcome, since his salary is fully guaranteed. Dorsey, whom the Nuggets acquired from the Rockets in the Ty Lawson trade, averaged a career-high 12.4 minutes per game and made 17 starts, also a career best, for Houston last season, though injuries to Dwight Howard and others helped him to his place in the rotation. The Rockets were reportedly ready to trade him in December to free up a roster spot for Josh Smith, but Houston found no takers and released Tarik Black instead, a move that paved the way for Dorsey’s starts, all of which came after Smith replaced Black. The 31-year-old Dorsey was out of the mix by the playoffs, when he saw just 13 total postseason minutes.

Denver will have 14 fully guaranteed contracts once it formally sheds Dorsey. Erick Green has a $100K partial guarantee on his minimum salary, and conflicting reports shroud the future of Kostas Papanikolaou and his non-guaranteed salary of nearly $4.798MM. The Nuggets are limited to paying no more than the minimum salary to outside free agents after using the room exception to re-sign Darrell Arthur.

Grizzlies Sign Michael Holyfield For Camp

August 18th, 2015 at 1:01pm CST by Chuck Myron

The Grizzlies have signed summer league center Michael Holyfield to a non-guaranteed contract, reports Eric Pincus of Basketball Insiders (Twitter link). Memphis hasn’t made a formal announcement, but it appears the move has indeed taken place. Pincus indicates that it’s a one-year, minimum salary arrangement that constitutes an Exhibit 9 contract, a deal that would provide Holyfield with only $6K if he were to get hurt while playing for the Grizzlies and the team were to waive him. Most contracts require teams to keep paying players while they recover from injuries.

Holyfield, who went undrafted out of Sam Houston State in June, split his time in summer league last month between the Grizzlies and Celtics, averaging 5.7 points and 3.7 rebounds in 12.6 minutes per game across six appearances total. The 6’11” 22-year-old, who turns 23 in November, put up 8.5 PPG and 8.1 RPG in just 17.9 MPG in college as a senior this past season, a stat line that highlights his efficient work on the boards.

Memphis had been carrying 14 fully guaranteed deals, plus JaMychal Green, whose minimum salary is partially guaranteed for $150K. Thus, Holyfield stands an outside chance to stick for the regular season, when the roster must shrink to no more than 15 players, but it seems more likely that he’ll end up with the Iowa Energy, the Grizzlies’ one-to-one D-League affiliate. NBA teams can retain the D-League rights to as many as four of the players they cut at the end of the preseason.

Cavs To Sign Jared Cunningham For Camp

August 18th, 2015 at 10:02am CST by Arthur Hill

MONDAY, 10:02am: The deal is non-guaranteed, according to Chris Haynes of Cleveland.com.

SUNDAY, 3:14pm: The Cavaliers have reached a deal with free agent Jared Cunningham, tweets Shams Charania of RealGM. The 6’4″ guard recently committed to join the team in camp, according to Charania. Cunningham would appear to stand a decent chance to remain on the roster come opening night, as the Cavs have deals with only 11 other players so far.

Cunningham appeared in 19 games with the Clippers last season, averaging 1.8 points and 0.5 assists in 4.7 minutes. He was traded to the Sixers on January 7th, but was waived the same day. Cunningham has also been with the Mavericks, Hawks and Kings in his three-year NBA career.

Cunningham was drafted by Cleveland with the 24th pick in 2012, but was shipped to Dallas in a draft-day deal. He was part of the Utah Jazz team during this year’s summer league.