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Knicks, Seraphin Agree To 1-Year Deal

Kevin Seraphin and the New York Knicks have reached an agreement on a 1-year, $2.8 million deal according to Michael Scotto of Sheridan Hoops.

Seraphin will be given an opportunity to be the primary backup to Robin Lopez at the center position.

Seraphin made $3.9 million last year after accepting a qualifying offer from Washington.

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Denver Not Waiving Papanikolaou

According to Chris Dempsey of the Denver Post, there are no plans to waive Kostas Papanikolaou currently.

Papanikolaou came to Denver in the trade that sent Ty Lawson to Houston. He has a non-guaranteed salary of 4,797,664 for 2015-16.

Papanikolaou was a rotation player for Houston during the first half of 2014-15 ahead of seeing his role and minutes slashed dramatically following the signing of Josh Smith.

There has been speculation that Denver will waive Papanikolaou to save the salary since they have an ample supply of depth at forward.


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Golden State Trades Wallace For Thompson

Golden State has traded Gerald Wallace to Philadelphia in exchange for Jason Thompson.

 

The move is a cost-cutting measure for Golden State that will save the team salary as well as cut into their luxury tax penalty.  The deal will also create a $3,197,170 trade exception for Golden State.

 

Thompson played his first seven years in the league with Sacramento.

 

Philadelphia will also receive cash and draft considerations in the deal.  Philadephia is still operating under the salary cap and absorbed the salary of Wallace.

 

Philadelphia continues to stockpile draft picks.  They own the 2016 first-round picks of both Miami and Oklahoma City, and will get the right to swap the lessor of those picks with Golden State in 2016.



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Tokoto To Sign Camp Deal With Philadelphia

J.P. Tokoto intends to sign a training camp deal with Philadelphia according to RealGM.com.

 

According to the report, Tokoto is not intending to sign overseas or in the D-League.

 

Tokoto was the #58 overall pick in the 2015 NBA Draft.  He projects as a highly athletic defensive specialist.  

 

Tokoto will have long odds to make the Philadelphia roster.  Draft picks Jahlil Okafor and Richaun Holmes are two rookies who will definitely be on the roster with Holmes signing a four-year deal with the team.

 

Tokoto averaged 5.7 points per game with Philadelphia’s Summer League team.



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Robbie Hummel To Play For Olimpia Milano

Robbie Hummel has reached an agreement to sign with Olimpia Milano in Italy according to Sportando.

 

Hummel, who starred at Valparaiso High School (IN) and Purdue, spent the past two years with the Minnesota Timberwolves.  He was extended a qualifying offer in June, but it was pulled back in July which made him an unrestricted free agent.

 

Hummel averaged 3.3 points per game last season for Minnesota.

 

Hummel played his rookie year in Spain and averaged 10.1 points per game.



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