Transactions Rumors | Hoops Rumors

Blazers Waive James Southerland

October 13th, 2014 at 7:02pm CST by Charlie Adams

The Blazers have placed James Southerland on waivers, the team announced (on Twitter). Adrian Wojnarowski of Yahoo! Sports, who was the first to report the the move, tweets that the swingman will ink a new deal overseas now that he’s officially been waived. Wojnarowski doesn’t specify where Southerland intends to sign, but he writes that the new pact will cover the length of the NBA season.

Southerland agreed to join Portland for camp on a non-guaranteed deal in August after the Pelicans opted not to bring him back for the 2014/15 season. The 24-year-old out of Syracuse saw limited action in his first NBA campaign last year, playing in a total of just 30 minutes across four games between time for the then-Bobcats and Pelicans. He didn’t appear in any of the Blazers’ first three preseason games.

It seemed like a long shot that Southerland would stick around long enough to make the opening night roster, given that Portland is already carrying the league maximum of 15 guaranteed contracts, as our list of roster counts shows. Darius Morris and Diante Garrett now stand as the only players left on the Blazers without guaranteed deals, and they seem to like strong candidates to be cut before the season as well.

Grizzlies Waive Luke Hancock

October 13th, 2014 at 5:03pm CST by Chuck Myron

5:03pm: The move is official, the team announced via press release.

4:32pm: The Grizzlies are releasing swingman Luke Hancock, as Eric Pincus of Basketball Insiders hears (Twitter link). The team has yet to make an official announcement, though Pincus indicates that the move has already taken place. The 24-year-old out of Louisville was on a non-guaranteed contract, so Memphis won’t be stuck paying him any salary. The move would reduce the Memphis roster to 18 players.

Hancock appeared in only one of the team’s three preseason games so far, making the only basket he attempted while coming up with three steals in nine minutes. He was a part-time starter at Louisville this past season before going undrafted in June, and he was with the Magic and Rockets in summer league this past July.

Memphis, which has a one-to-one D-League affiliation with the Iowa Energy this year, can keep the D-League rights to as many as four of the players it cuts before opening night, so it’s conceivable that it’ll do so with Hancock. Should the team formally let Hancock go, Patrick Christopher, Earl Clark, Kalin Lucas and Hassan Whiteside would be the lone remaining non-guaranteed contracts on the team’s books.

Spurs Release John Holland

October 13th, 2014 at 3:57pm CST by Chuck Myron

The Spurs have waived camp invitee John Holland, the team announced via press release. San Antonio will be stuck with the $20K partial guarantee it committed to him in the likely event that he clears waivers. The former Boston University shooting guard is reportedly close to signing with Besiktas of Turkey, so it appears the Spurs are accommodating that move.

The 6’5″ Holland didn’t appear in either of the preseason games that San Antonio’s played so far, and he faced long odds to remain on the roster come opening night, since the Spurs have 15 fully guaranteed contracts. Holland, who turns 26 next month, appears poised to return to European basketball, where he’s pursued his career since going undrafted in 2011.

Holland’s release leaves the Spurs with 18 players, all of whom have at least partially guaranteed salaries. Still, Bryce Cotton, Josh Davis and JaMychal Green have only $130K in guaranteed salary split between the three of them, so they seem to be the Spurs most likely to hit waivers between now and the October 27th deadline for teams to set their opening-night rosters.

Heat Waive Chris Johnson, Reggie Williams

October 13th, 2014 at 12:22pm CST by Chuck Myron

The Heat have waived the non-guaranteed contracts of Chris Johnson and Reggie Williams, the team announced. The moves take Miami’s roster down to 18 players, with three players still to be shed before the deadline to set opening-night rosters two weeks from today.

Johnson, not to be confused with the Sixers swingman of the same name, was bidding to return to the NBA after spending the 2013/14 with Zhejiang Guangsha of China. The 29-year-old center from LSU went scoreless in his only preseason appearance this month for the Heat. Williams spent much of last season in the D-League as well as with the San Miguel Beermen of the Philippines, though he did ink a pair of 10-day contracts with the Thunder. The Heat didn’t put Williams on the floor in any of the three preseason games they played while the 28-year-old swingman was on the roster.

The Heat still have much to decide before the regular season, with only 11 players under guaranteed contracts. Shannon Brown, Andre Dawkins and Shawn Jones, all of whom have non-guaranteed deals, are trying to beat out Khem Birch, James Ennis, Justin Hamilton and Tyler Johnson, who have partial guarantees.

Rockets To Part Ways With Robert Covington

October 10th, 2014 at 3:46pm CST by Chuck Myron

3:46pm: Charania clarifies in a full story that the Rockets continue to listen to trade proposals from other teams about Covington. Still, the team has decided to cut ties with him one way or another, Charania explains.

2:50pm: The Rockets will waive small forward Robert Covington, reports Shams Charania of RealGM (Twitter link). Other teams around the league have expressed interest in trading for the one-year veteran, but Houston is pushing ahead with its plan to simply release him, according to Charania. The 23-year-old had a $150K partial guarantee on his contract, so that money will remain on Houston’s books for the season unless another team submits a waiver claim. The move will leave the Rockets at 19 players, one shy of the preseason roster limit.

Covington spent the lion’s share of last season with Houston’s D-League affiliate, even though he was on the team’s NBA roster all year. He didn’t make his regular season debut for the Rockets until January 18th, and he saw just 34 total minutes all season, spread over seven games. He spent enough time in the D-League to earn an All-Star nod on that circuit, and averaged 23.2 points and 9.2 rebounds in 34.1 minutes per game across 42 D-League appearances.

Houston still faces a roster logjam with 15 fully guaranteed contracts, partial guarantees to Tarik Black and Akil Mitchell, and a non-guaranteed contract with starting point guard Patrick Beverley. Last week, I examined the tough decisions ahead for GM Daryl Morey.

Jazz Waive Kevin Murphy, Dee Bost

October 10th, 2014 at 2:32pm CST by Chuck Myron

The Jazz have waived swingman Kevin Murphy and point guard Dee Bost, the team announced. The moves mean Utah will be stuck with $130K of dead money on its cap this season unless another team claims one of the players off waivers, since Bost and Murphy had identical $65K partial guarantees on the deals they signed this summer. Their departures leave the Jazz with 17 players on their roster.

Murphy, 24, appeared for five minutes in Tuesday’s preseason opener against the Blazers, scoring four points, but that’s the only action that either has seen in the team’s two exhibition games so far. It was Murphy’s second stint with Utah, which drafted him 47th overall in 2012 and gave him brief regular season playing time in his rookie season before shipping him to the Warriors in a three-team trade during the summer of 2013. Golden State waived him shortly thereafter, and he spent last season playing in France and for the Blazers D-League affiliate.

Bost, who turns 25 on Sunday, also has a Blazers connection, having spent training camp with Portland last autumn. Bost has made stops in Venezuela and Montenegro, and he, like Murphy, spent time last year with Portland’s D-League affiliate, the Idaho Stampede, who’ve switched their one-to-one affiliation to the Jazz for this season. The Jazz signed both with the idea that they’d end up playing for Idaho again this year, tweets Jody Genessy of the Deseret News, so it seems likely that Utah will retain the D-League rights to the pair.

The Jazz have 13 fully guaranteed contracts, plus two remaining partial guarantees on the books with Toure’ Murry and Jack Cooley. Brock Motum and veteran Dahntay Jones are without guaranteed salary.

Pelicans Waive Vernon Macklin

October 10th, 2014 at 8:03am CST by Eddie Scarito

FRIDAY, 8:03am: The move is official, the team announced.

THURSDAY, 7:10pm: The Pelicans have indeed placed Macklin on waivers, according to the RealGM transactions log, though the team has yet to make an official announcement.

5:01pm: The Pelicans are waiving Vernon Macklin, Eric Pincus of Basketball Insiders reports (Twitter link). Macklin was in training camp on a minimum salary, non-guaranteed deal. This move will leave New Orleans with 18 players on their preseason roster, with 12 players’ contracts being fully guaranteed, and three others possessing partial guarantees.

Macklin faced tough competition trying to secure a regular season roster spot in a crowded Pelicans frontcourt. He was competing for backup minutes with Patric Young, Luke Babbitt, and Darius Miller. Young has a much higher upside than Macklin, and has been showing flashes of talent during training camp, which could have led to the Pelicans deeming Macklin expendable.

The 27-year-old big man out of Florida played in the summer league with the Magic this year, averaging 5.4 PPG and 3.6 RPG in 15.6 minutes per contest. He saw just 5.9 minutes per game in 30 contests during the 2011/12 season with the Pistons, who selected him 52nd overall in 2011.

Michael Beasley Leaves Grizzlies For China

October 9th, 2014 at 4:29pm CST by Chuck Myron

4:29pm: Memphis has officially waived Beasley, the team announced in a press release.

4:10pm: The Grizzlies reported that Beasley has been ill recently, making it difficult for him to contend for the final regular season roster spot, Ira Winderman of The Sun Sentinel notes. This information sheds some more light on why Beasley would decide to leave an NBA training camp to play overseas.

2:00pm: Beasley is receiving a “lucrative” one-year deal from the Sharks, Wojnarowski writes in his full story. Wojnarowski indicates that he’s already signed the contract, but the move can’t become official until the Grizzlies let him go and Beasley receives FIBA clearance.

1:30pm: Michael Beasley is leaving the Grizzlies and will sign to play in China, agent Jared Karnes tells Adrian Wojnarowski of Yahoo! Sports (Twitter link). He’s set to join the Yao Ming-owned Shanghai Sharks, Wojnarowski adds (on Twitter). Beasley is on a non-guaranteed contract with Memphis, but the team has yet to formally release him. The Grizzlies would have to be on board with the move for Beasley to depart, and the former No. 2 overall pick has the best track record of the six players on non-guaranteed deals that Memphis brought to camp. Memphis only has 14 guaranteed contracts, seemingly indicating that Beasley had a decent shot to make the opening-night roster.

Still, Grizzlies coach Dave Joerger said last month that the 25-year-old Beasley would have to “come in and take somebody’s spot,” suggesting that it wouldn’t necessarily be easy for him to remain on the roster into the regular season. The forward worked out for the Spurs and twice auditioned for Lakers brass, but it’s unclear if either club offered him a job. The Heat moved on from him after he spent last season with Miami, and while a report indicated the team had concerns about his maturity and his ability to play defense, Heat team president Pat Riley suggested there were no such issues.

Beasley was on a non-guaranteed contract this time last year with the Heat, but he stuck with the team for the entire season, averaging 7.9 points and 3.1 rebounds in 15.1 minutes per game. His 38.9% three-point shooting and 16.8 PER were his best marks in either category since his rookie season.

The terms of Beasley’s deal with Shanghai are unclear, but I’d imagine it involves some guaranteed salary, although that’s just my speculation. Most Chinese contracts involving NBA veterans cover one season without NBA escape clauses, but because the Chinese season ends much earlier than the NBA’s does, many players in Beasley’s position are able to latch on with NBA teams for the back stretch of the regular season and the playoffs.

Pacers Exercise 2015/16 Option On Solomon Hill

October 9th, 2014 at 12:09pm CST by Chuck Myron

The Pacers have picked up their 2015/16 team option on their rookie scale contract with small forward Solomon Hill, the team announced. That means Hill, the 23rd overall pick in 2013, will make a guaranteed salary of approximately $1.359MM that season.

The move is no surprise given the expanded role that the 23-year-old Hill is likely to play for the Pacers this year. Key wing players Lance Stephenson and Evan Turner departed via free agency, and Paul George suffered a horrific broken leg that will likely keep him out for all of this season. Hill saw action in just 28 regular season games and appeared in the playoffs for only one minute this past season, but there’s a decent chance he’ll become a starter this year.

Indiana has about $36MM in commitments for next season now that the team has exercised Hill’s option, the only rookie scale option decision the team had to make before the October 31st deadline. No Pacers are up for rookie scale extensions this year, either, so the team is poised to have plenty of cap room to retool next summer.

Nuggets Sign Kenneth Faried To Extension

October 8th, 2014 at 7:12pm CST by Chuck Myron

WEDNESDAY, 7:12pm: The deal is official, the team has announced. GM Tim Connelly said of Faried, “We value the energy and excitement that Kenneth brings night-in and night-out and we are thrilled to have reached an agreement on a contract extension. We are truly looking forward to watching Kenneth continue to grow as a player and leader for the Denver Nuggets.”

TUESDAY, 6:52pm: The deal contains incentives that could inflate the total value to $52MM over four years, reports Chris Dempsey of the Denver Post (via Twitter).

6:27pm: The deal has been reworked and will be a four-year, $50MM extension, reports Adrian Wojnarowski of Yahoo! Sports. The sticking point for the league, as Wojnarowski reported yesterday, was converting the pact from five years to four to comply with the provisions of the Designated Player rule that demand a player receives the maximum salary in the first year of an extension that covers five seasons. (Twitter links).

7:58am: The most likely outcome involves Faried ending up with a four-year, $48MM extension that runs through the 2018/19 season, perhaps with some incentive clauses that could lift the value of the deal, writes Chris Dempsey of The Denver Post.

MONDAY, 9:39am: The Nuggets are talking with the NBA about just how the extension can be structured under the rules, tweets Adrian Wojnarowski of Yahoo! Sports. Wojnarowski indicates that the original intention was to make it a five-year extension, but that it could wind up as a four-year deal. The Yahoo! scribe calls the collective bargaining agreement language that mandates the maximum salary in the first season of an extension for a Designated Player “ambiguous, at best.”

8:34am: The Nuggets and Kenneth Faried struck a deal Sunday night on a five-year, $60MM extension, reports Adrian Wojnarowski of Yahoo! Sports. It’s not entirely clear whether Wojnarowski means that the extension will cover five seasons by itself or the four years that follow this coming season. That’s because $60MM almost certainly wouldn’t be enough to cover the provisions of the Designated Player rule that would mandate that Faried receive the maximum salary in the first year of an extension that covers five seasons. In any case, the final season will be partially guaranteed, giving the Nuggets a chance to save $8MM that year in the seemingly unlikely event that they waive the power forward.

The Nuggets jumped into extension discussions with agent Thad Foucher in July, the earliest they could have come to a deal. It appears the conversation was slow-going, but according to Wojnarowski, the sides began to exchange “serious proposals” this week. Faried, who turns 25 next month, no doubt helped his cause with a breakout performance at the FIBA World Cup in late August and early September, when he averaged 12.4 points and 7.8 rebounds in just 21.5 minutes per game for Team USA. I wrote in late July that Faried seemed in line for a four-year, $44MM deal, and a GM told Sean Deveney of The Sporting News that he envisioned annual salaries below $10MM for Faried before the World Cup boosted his estimation into the range of Al Jefferson‘s $13.5MM yearly paydays.

The former No. 22 pick had already begun to change perceptions with his improvement last season. His name appeared in a handful of early-season trade rumors, and the Nuggets, worried that Foucher would seek $10MM+ annual salaries, reportedly brought him up in trade discussions at about this time last year. The “Manimal” convinced the Nuggets he was worth that kind of money, setting a career high with 13.7 PPG in 27.2 MPG in his third NBA season, a rate that extrapolates to 18.1 points per 36 minutes, the best mark of anyone on the team who played at least 1,000 total minutes. He also recorded a team-high 19.8 PER. Still, he’s not a strong defender, as Cray Allred of Hoops Rumors noted in August when he examined Faried as an extension candidate.

Nuggets GM Tim Connelly and Faried both expressed interest over the offseason in a long-term future with each other, so it’s not surprising to see the sides come to terms. Depending on how Faried’s $60MM will be spread, the Nuggets will have about $60MM in total salaries for 2015/16. Still, it’s possible that Denver will have cap room that exceeds the value of the largest mid-level exception next summer, particularly if the cap rises to $70MM, as some teams project.