Julian Phillips Rumors

Michael Scotto: The Houston Rockets are converting Julian Phillips and Oscar Tshiebwe to two-way contracts. Two-way guard Sean Pedulla is being waived.

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Varun Shankar: Rockets announce they've waived Sean Pedulla + converted Oscar Tshiebwe and Julian Phillips to two-way contracts. They join Quadir Copeland as the Rockets 3 two-way players (can move between NBA and G League).

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Etienne Catlan: 2-way contract Jordan Hawkins will wear No. 15 for the #Bulls. Number last worn by Julian Phillips in 2026. #NBA

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The Houston Rockets today announced they have signed free agent forward Julian Phillips. Phillips (6-8, 201) was the 35th overall pick by Boston in the 2023 NBA Draft following his freshman season at Tennessee.  He spent his first two and a half seasons with Chicago before being acquired by Minnesota via trade on Feb. 5, 2026.

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Etienne Catalan: Terrence Shannon Jr. (@Sn1per_T) will wear No. 4 for the #Timberwolves. Number last worn by Julian Phillips in 2026. #NBA

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Jon Krawczynski: The Timberwolves are declining the team option on Julian Phillips, a source told @TheAthletic.

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Michael Scotto: The Minnesota Timberwolves will decline their $2.41 million team option on Julian Phillips and will not extend him a qualifying offer, thus making him an unrestricted free agent, league sources told @hoopshype.

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According to a league source, Detroit did pursue Dosunmu, but the asking price was just too high. The Minnesota Timberwolves traded Rob Dillingham, Leonard Miller and four second-round picks in exchange for Dosunmu and Julian Phillips. The Bulls wanted young talent and picks, which the Pistons weren’t willing to offload for Dosunmu, who is now entering free agency.

New York Times

Jon Krawczynski: Kinda crazy part of this trade: The Wolves stayed overnight in Toronto. The Bulls arrived in Toronto yesterday in preparation for their game against the Raps tonight. Maybe just put Ayo and Phillips on the plane to Minnesota this morning?

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Shams Charania: Minnesota traded Rob Dillingham, Leonard Miller and four second-round picks to Chicago for Dosunmu and Julian Phillips, sources said.

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Yossi Gozlan: Timberwolves cap sitiation after acquiring Ayo Dosunmu and Julian Phillips for Rob Dillingham, Leonard Miller, and four second-round picks. Dosunmu's $7.5 million made him one of the more attainable guard options for them. He can extend for up to three years, $52 million.

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Bobby Marks: Ayo Dosunmu is on an expiring $7.5M contract. He is eligible to sign up to a three year extension prior to June 30. Dillingham has $6.6M, $6.9M and $8.8M (T) left on his rookie contract. Miller has a $2.4M team option for next season. Minnesota now has two available seconds.

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Joel Lorenzi: This is a whirlwind, but Phillips and Olbrich now available, and White and Terry are ruled OUT.

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K.C. Johnson: Julian Phillips is late scratch with illness, per injury report

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