Indiana Pacers guard Braden Smith is in line for a two-way deal after the team waived Ethan Thompson from his two-way contract, according to Spotrac's Keith Smith. Thompson's exit allows him to join Partizan in Serbia and clears a roster path for Smith, the No. 38 pick in the 2026 NBA Draft. The former Purdue guard left college as the NCAA's all-time assists leader after averaging 14.3 points and 8.8 assists as a senior, and he flashed his passing in Las Vegas with a nine-assist Summer League finale. The fit is developmental, though. With Tyrese Haliburton, Andrew Nembhard, and T.J. McConnell ahead of him, Smith projects for heavy Noblesville Boom minutes and stays off the fantasy radar.

Charlotte Hornets guard Tre Mann was traded to the Cleveland Cavaliers in exchange for Dennis Schroder and cash, according to ESPN's Shams Charania. Mann gives Cleveland a younger, cheaper backcourt piece, but the fantasy path is narrow with James Harden and Donovan Mitchell controlling most of the guard usage. The former Florida standout averaged 5.5 points, 1.7 rebounds, and 1.6 assists in 12.6 minutes across 53 games last season while shooting 36.0 percent from the field and 32.3 percent from three. Cleveland's guard room leaves him buried for now, so Mann stays off the fantasy radar barring injuries ahead of him.

Cleveland Cavaliers guard Dennis Schroder was traded to the Charlotte Hornets along with cash in exchange for Tre Mann, according to ESPN's Shams Charania. The 32-year-old lands with the 12th team of his NBA career and gives Charlotte a veteran option behind Coby White. Schroder split last season between Sacramento and Cleveland, averaging 10.8 points, 4.9 assists, and 2.7 rebounds in 24.2 minutes per game. He should slot ahead of Christian Anderson Jr. as the primary backup point guard, which trims the rookie's early runway. Schroder can provide assists in short bursts, but he is only a low-end fantasy option if injuries open more minutes.

Los Angeles Clippers guard Yuki Kawamura was included on Japan's 17-man list for the FIBA World Cup 2027 Asian Qualifiers, joining new Clippers teammate Rui Hachimura ahead of the late-August window. Kawamura signed an Exhibit 10 deal with Los Angeles after playing Summer League with Indiana, so he still has to earn a regular-season roster spot. The 25-year-old averaged 3.4 points and 2.6 assists in 18 games for Chicago last season, then posted 18.7 points and 11.0 assists in 11 G-League games with Windy City. His passing is real, but with a crowded Clippers guard room, Kawamura remains off the fantasy radar.