5:12pm: Denver will create a two-way opening by not re-signing Hall, league sources tell Tony Jones of The Athletic (Twitter link). The 23-year-old center out of Clemson spent one year with the team and averaged 1.7 points and 1.2 rebounds in 19 games.
Meanwhile, Durando has removed his report on Beekman agreeing to an Exhibit 10 contract with Denver and now says (via Twitter) that the guard has a Summer League agreement in place with the Nuggets.
Two-way free agents who won’t be retained by their previous team are typically permitted to seek out new Summer League opportunities before the new league year begins, but full-fledged contract agreements with new teams can’t technically be negotiated until 5:00 pm Central time on June 30. I’d still expect Beekman to eventually sign an Exhibit 10 contract with Denver.
4:34pm: The Nuggets will sign Reece Beekman to an Exhibit 10 contract, sources tell Bennett Durando of The Denver Post (Twitter link).
The 23-year-old point guard finished the season as a two-way player with the Nets, and the reported agreement is a strong sign that he won’t receive a qualifying offer from Brooklyn for another two-way contract.
Beekman signed a two-way deal with Golden State last July after going undrafted out of Virginia. He made just two brief appearances for the Warriors before being sent to the Nets in mid-December as part of the Dennis Schröder trade.
Beekman got a larger NBA opportunity after arriving in Brooklyn, appearing in 34 games and averaging 2.7 points, 1.1 rebounds and 1.8 assists in 13.7 minutes per night.
Trey Alexander, PJ Hall and Spencer Jones were Denver’s two-way players when the season ended, but they’re all headed for free agency and aren’t guaranteed to return to the team, so there could be an opportunity for Beekman.
An Exhibit 10 contract can be converted into a two-way deal prior to the start of the regular season. Beekman will be eligible to earn a bonus worth up to $85K if he’s waived and then spends at least 60 days with the Nuggets’ G League affiliate.
Luke Adams contributed to this story.