Transactions Rumors | Hoops Rumors

Cavs Sign Mo Williams

July 10th, 2015 at 11:39am CST by Dana Gauruder

FRIDAY, 11:39am: The deal is official, the team announced.

“We’re very excited to welcome Mo back to Cleveland and we feel he will be a great fit with our team,” GM David Griffin said. “Mo is a proven, high-caliber playmaker and his ability to space the floor at either guard position will be essential for us.”

MONDAY, 8:40am: Point guard Mo Williams has reached an agreement with the Cavaliers, Adrian Wojnarowski of Yahoo Sports tweets. It’s a two-year, $4.3MM contract that includes a player option, league sources told Wojnarowski. Williams had also considered offers from the Spurs, Mavericks and Pelicans, Wojnarowski adds in a separate tweet. (Twitter links).

Williams, who played for the Hornets during the second half of last season, will provide insurance behind Kyrie Irving. The agreement will not deter the Cavaliers from trying to re-sign Matthew Dellavedova, Marc Stein of ESPN.com tweets.

A report last week indicated a deal between the Grizzlies and Williams was close but it was later denied. The Cavs had their $3.376MM taxpayer’s mid-level to spend. They will have $1.3MM of it left over, Brian Windhorst of ESPN.com tweets.

The 32-year-old Williams, who began last season with the Timberwolves, gives Cleveland scoring punch off the bench and could also start if Irving’s kneecap injury does not heal in time for the start of the regular season. Williams averaged 17.2 points and 6.0 assists in 27 games with the Hornets.

Wizards Sign Kelly Oubre

July 9th, 2015 at 11:59pm CST by Eddie Scarito

11:59pm: The Wizards have yet to make an official announcement, but the RealGM transactions log indicates that the signing has taken place.

4:55pm: The Wizards have reached an agreement with Kelly Oubre on a rookie-scale contract, Shams Charania of RealGM reports (Twitter link). Washington acquired the rights to Oubre in a draft night trade with the Hawks.

The 19-year-old swingman out of Kansas will likely earn close to $1.920MM this season, the first of his four-year rookie scale contract, assuming he signed for the standard 120% of the rookie scale, as our table of likely salaries for first-round picks shows. Oubre would then be in line to make $2,006,640 in 2016/17, $2,093,040 the following season, and $3,208,630 in the final year.

Oubre appeared in 36 games as a freshman for the Jayhawks, averaging 9.3 points, 5.0 rebounds, and 1.1 steals, with a slash line of .444/.358/.718.

Heat Sign Gerald Green

July 9th, 2015 at 8:56pm CST by Chuck Myron

8:56pm: The signing is official, the Heat announced. “We are fortunate to be able sign a proven veteran like Gerald,” said team president Pat Riley. “He is a dynamic talent who possesses great athleticism, and has the ability to shoot from distance and spread the floor. He’ll be a perfect complement to our team.”

8:28am: It’ll be a minimum-salary contract, reports Ken Berger of CBSSports.com (Twitter link). The Mavericks had been interested before their deal with DeAndre Jordan fell apart, Berger adds.

8:02am: The Heat will sign Gerald Green to a one-year deal, reports Adrian Wojnarowski of Yahoo! Sports (on Twitter). Miami has its $3.376MM taxpayer’s mid-level exception at its disposal if Green is getting more than the minimum.

Green departs from the Suns, which is no shock after agent Kevin Bradbury took coach Jeff Hornacek to task this past spring in response to Hornacek’s criticism of Green’s defense. The swingman nonetheless seemed open to a return. The Clippers had interest and expressed that to Green’s camp, but with DeAndre Jordan coming back and Paul Pierce in the fold, L.A. has only the minimum to spend. Green seemed likely to pursue a deal approaching $5MM a year, though he’s unable to get quite that much from the Heat.

The Heat will still meet today with Marcus Thornton, who also ended last season with the Suns, in spite of their agreement with Green, reports Barry Jackson of the Miami Herald (Twitter link). Still, it’s tough to see Miami signing both, Jackson tweets, particularly since the Heat are already short on roster space, as Jason Lieser of the Palm Beach Post notes (on Twitter).

Jazz Sign Raul Neto

July 9th, 2015 at 8:47pm CST by Chuck Myron

8:47pm: The deal is for three years and $2.8MM, Adrian Wojnarowski of Yahoo! Sports tweets.

THURSDAY, 8:18pm: The Jazz have officially signed Neto to a multiyear contract, the team announced. The exact length and amount of the agreement were not released.

TUESDAY, 11:04am: Jazz draft-and-stash prospect Raul Neto isn’t expected to return to Murcia of Spain and will instead sign with Utah, his coach told David Pick of Eurobasket.com (Twitter link). It’s unclear if the Jazz and the 23-year-old have agreed to terms, but Neto traveled to Utah this weekend and he and the team were to discuss their future, as Jody Genessy of the Deseret News details, and he was already wearing team gear as of last night, Genessy tweets.

The 6’1″ Neto is speedy, with a high basketball IQ, but his outside shooting is poor, according to Pick (Twitter link). The native of Brazil nailed just 20.5% of his three-pointers this past season in Spain, and he averaged 8.9 points, 3.9 assists and 2.7 turnovers in 22.4 minutes per game.

The Jazz originally acquired his rights via trade in 2013, the day after the Hawks drafted him 47th overall. His contract with Murcia was to run though 2017, but it would appear as though the deal includes NBA out clauses. It’s unclear how much cost, if any, would be involved in a buyout from the Spanish team.

Utah has plenty of cap flexibility, even if the wake of its two-year, $4.5MM deal with Joe Ingles. The Jazz entered July with only about $49MM in guaranteed salary. They’ve also reportedly been in talks with draft-and-stash center Tibor Pleiss.

Rockets Re-Sign Patrick Beverley

July 9th, 2015 at 8:12pm CST by Eddie Scarito

Courtesy of USA Today Sports Images

JULY 9TH, 8:12pm: The deal is official, the Rockets announced.

JULY 3RD, 6:14pm: The Rockets and restricted free agent Patrick Beverley have reached an agreement that will see the point guard return to Houston, Adrian Wojnarowski of Yahoo! Sports reports (Twitter link). The deal is for four years and $23MM, Wojnarowski relays. The final year of the contract will pay Beverley $5MM, and is non-guaranteed, Mark Berman of FOX 26 tweets.

Beverley appeared in 56 games for the Rockets last season, 55 as a starter. His numbers on the year were 10.1 points, 4.2 rebounds, and 3.4 assists, with a slash line of .383/.356/.750. His career numbers since being selected with the 42nd overall pick in the 2009 NBA Draft are 8.9 PPG, 3.5 RPG, and 3.0 APG.

The 26-year-old was reported to be nearing a deal with the Kings by Alex Kennedy of Basketball Insiders earlier this evening. The Mavericks, Knicks, Bulls, and Cavaliers were also interested in signing Beverley.

Mavs Acquire Zaza Pachulia From Bucks

July 9th, 2015 at 8:02pm CST by Eddie Scarito

Courtesy of USA Today Sports Images

8:02pm: The trade is official, the Mavericks and Bucks announced via press release. A future second-rounder is on the way to the Bucks in the transaction.

7:55pm: The Bucks would receive a second round pick in return from Dallas, Marc J. Spears of Yahoo! Sports tweets.

7:53pm: The Mavericks and Bucks are engaged in discussions regarding Dallas acquiring Zaza Pachulia, Marc Stein of ESPN.com reports (on Twitter). It’s unclear what Milwaukee is seeking in return for the 31-year-old center, be it draft picks or players. Pachulia is set to earn $5.2MM next season, the final year of his current deal.

Dallas is badly in need of help at center after being spurned by unrestricted free agent DeAndre Jordan, who reversed course on Dallas after reaching a verbal agreement on a contract and returned to the Clippers. Pachulia would certainly be a step down talent-wise from Jordan or last year’s starter, Tyson Chandler, but the Mavericks are stuck having to sift through the remaining available players in the wake of the flurry of signings that became official today.

Pachulia appeared in 73 games for the Bucks last season, including 45 as a starter, and averaged 8.3 points, 6.8 rebounds, and 2.4 assists in 23.7 minutes per contest. His slash line was .454./.000/.788. Through 12 NBA campaigns the big man’s numbers are 7.0 PPG, 5.6 RPG, and 1.2 APG.

Celtics Re-Sign Jonas Jerebko

July 9th, 2015 at 8:01pm CST by Chuck Myron

JULY 9TH, 8:01pm: The signing is official, the team announced.

3:48pm: Year two is non-guaranteed, as Steve Bulpett of the Boston Herald hears (Twitter link).

JULY 1ST, 2:49pm: The Celtics will re-sign Jonas Jerebko, reports Sam Amick of USA Today (Twitter link). It’ll be a two-year, $10MM deal, Amick hears. A source earlier today told Sean Deveney of The Sporting News that Boston was making a strong push to retain the former Piston who came over in a midseason trade (on Twitter).

Boston can use the Bill Duffy’s client’s Bird rights to make the deal official. He’ll join Amir Johnson, with whom the Celtics have also reportedly struck a deal, in the Celtics frontcourt.

Celtics Sign Amir Johnson

July 9th, 2015 at 7:58pm CST by Chuck Myron

NBA: Toronto Raptors at Minnesota Timberwolves

Courtesy of USA Today Sports Images

JULY 9TH, 7:58pm: The signing is official, the Celtics announced. Since it’s not a sign-and-trade, and the amount is too large to fit within the mid-level exception, that means Boston is using cap space and has lost its long list of trade exceptions, including one worth $12,909,090 left over from the Rajon Rondo trade.

3:47pm: The second year is non-guaranteed, according to Steve Bulpett of the Boston Herald (Twitter link).

JULY 1ST, 2:36pm: The Celtics and Amir Johnson have agreed to a deal, reports Adrian Wojnarowski of Yahoo! Sports (Twitter links). It’ll be worth $24MM over two years, a fairly significant outlay. The incumbent Raptors, as well as the Knicks, Celtics, Mavericks, Pacers, Lakers and Spurs also expressed interest in the Kevin Bradbury client, as Jeff Goodman of ESPN.com reported earlier (on Twitter).

Chris Mannix of SI.com reported Tuesday that Boston was expected to show interest. Johnson said in 2013 that he wanted to play for Toronto the rest of his career, but declining numbers this past season seemed to make that proposition less likely.

Lakers Acquire Roy Hibbert

July 9th, 2015 at 6:22pm CST by Arthur Hill

Courtesy of USA Today Sports Images

6:22pm: The trade is official, the Lakers and Pacers have announced. It’s Hibbert to the Lakers and a future second-round pick to the Pacers. “I’d like to thank Roy for all his contributions during his time in Indiana,” said Pacers president of basketball operations Larry Bird. “He was a two-time NBA All-Star, and we appreciate everything he did for our franchise both on and off the court.”

JULY 9TH, 10:20am: The trade is on track to be finalized today, with the Lakers planning on sending a future second-round pick and cash to the Pacers, tweets Jeff Zillgitt of USA Today.

5:37pm: Pacers are finalizing the terms to trade Hibbert to the Lakers and the center has been informed he’s heading to Los Angeles, according to Adrian Wojnarowski of Yahoo Sports (Twitter link). Wojnarowski confirms (Twitter link) that the Lakers will absorb Hibbert’s $15.5 salary into their cap space and will likely send a combination of second-rounders and rights to overseas prospects to Indiana. The final issue being worked on is fitting Hibbert’s 15% trade kicker into Lakers’ cap room, Wojnarowski tweets.

JULY 4TH, 5:04pm: The Pacers and Lakers are discussing a deal involving center Roy Hibbert, tweets Marc Stein of ESPN.com. The framework of the deal is done, according to Jared Zwerling of Bleacher Report (Twitter link), and the teams are finalizing the assets involved. He notes that Hibbert would be valuable as a defensive anchor for a young team (Twitter link). A source told Ramona Shelburne of ESPNLosAngeles.com, “It’ll get done after [July] 9th.” (Twitter link). The Pacers will likely get cash and a draft pick, tweets Jeff Zillgitt of USA Today, who adds that the teams are still sorting out the details.

Along with his salary, the center will receive a $2.3MM bonus that will drop the Lakers’ cap room to about $4.7MM, according to former NBA executive Bobby Marks (Twitter link). The Pacers are expected to cover that bonus. Los Angeles can either absorb Hibbert into its cap space or do a sign-and-trade involving Jordan Hill if he and the Pacers are interested, notes Eric Pincus of The Los Angeles Times (Twitter link).

Hibbert exercised his player option and will earn more than $15MM next season. The Pacers are hoping to trade him and adopt a faster style of play. Hibbert has spent seven seasons in Indiana after being drafted out of Georgetown. His scoring average of 10.6 points per game last year was the lowest since his rookie season. He will be a free agent next summer.

Hawks Sign Justin Holiday

July 9th, 2015 at 6:18pm CST by Eddie Scarito

THURSDAY, 6:18pm: The deal is official, the Hawks announced in a press release. “Justin’s abilities on both ends of the court excited us as we looked to add depth on the wing,” coach/executive Mike Budenholzer said. “His combination of length and versatility with a great work ethic give him a chance to be a solid contributor on the court, and his experience on a championship team this past season and his high-character will be great positives for our locker room.”

6:14pm: Holiday’s deal is for two years, and is fully guaranteed, Chris Vivlamore of The Atlanta Journal Constitution tweets.

WEDNESDAY, 5:46pm: The Hawks have reached an agreement on a contract with unrestricted free agent Justin Holiday, Marc J. Spears of Yahoo! Sports reports (Twitter link). The exact length and amount of the deal has not been disclosed at this time.

The 26-year-old spent last season with the NBA champion Warriors, appearing in 59 games and averaging 4.3 points, 1.2 rebounds, and 0.8 assists in 11.1 minutes per contest. His shooting numbers were .387/.321/.822. His career averages are 4.4 PPG, 1.3 RPG, and 0.9 APG.

Golden State had declined to extend Holiday a qualifying offer, making him an unrestricted free agent, and the team was considering re-signing him for less than the $1.147MM tender that would have counted against the team’s cap figure. The shooting guard will provide depth at the wing for the Hawks, who are set to lose unrestricted free agent DeMarre Carroll to the Raptors.