The Miami Heat will sign Derrick Jones Jr. to a two-way contract.

Jones was released by the Phoenix Suns in early December. Jones has appeared in 38 games, all with the Suns, over his first two NBA seasons, averaging 4.7 points and 2.2 rebounds in an average of 15.2 minutes.

The Heat released Matt Williams Jr. from his two-way contract.

Derrick Williams has signed a contract with the Tianjin Gold Lions of the Chinese Basketball Association.

Williams played for five teams in his eight NBA seasons, averaging 8.9 points and four rebounds per game over his career. 

Williams played for the Cavaliers and Heat last season.

Chris Paul is now eligible to sign a four-year, $132 million extension with the Houston Rockets with a starting salary of $29.5 million in 18-19.

Friday marks the six-month anniversary of Paul's trade to the Rockets.

Paul will become eligible to sign a five-year, $205 million contract with the Rockets in July with a starting salary of $35.3 million in free agency.

Gerald Green has agreed to sign a one-year, non-guaranteed deal with the Houston Rockets.

The Rockets have until the NBA's deadline of Jan. 7 to guarantee Green's contract for the season, or waive him.

Green was released by the Milwaukee Bucks at the end of training camp.

The Indiana Pacers announced Thursday they have signed forward Alex Poythress to a standard NBA contract. 

Poythress has been a two-way player this season, splitting time between the Pacers and the Fort Wayne Mad Ants of the G League. Poythress will no longer be a two-way player. He has appeared in 11 games for the Pacers this season.

Enes Kanter was expected to opt into the final season of his contract at $18.4 million but the decision is now a bit more difficult with how well he's played with the New York Knicks.

The Thunder essentially considered Kanter a salary dump in adding Carmelo Anthony.

"It's always on my mind," Kanter told the Daily News. "But the season is going really well right now. It's just a contract. I think people worry about it too much and it gets into their head.

"People think about it too much and then it affects them, it affects their game, it affects their whole team. When the season is over, that's the time to think about it."

Kanter isn't currently represented by an agent.

The Knicks have not yet discussed the opt-in with Kanter.

Kanter is unlikely to receive a deal with an annual average as high as his $18.4 million salary but he could receive longer term security.

Mike James has been released by the Phoenix Suns just a few weeks after they converted his two-way deal into a standard NBA contract.

James fell out of the Suns' rotation over the past four games.

“Mike established himself as an NBA player here and our partnership proved to be beneficial,” Suns general manager Ryan McDonough told Yahoo Sports. “Mike had a handful of 20-point games and helped us win a few games. We wish Mike the best as he works to find another home.”

James made his debut in the NBA this season after spending his previous pro seasons overseas.

The Phoenix Suns have agreed to sign Isaiah Canaan to a minimum deal for the remainder of the season.

Canaan has averaged 13 points and five assists per game since joining the Suns on a hardship exception.

The Utah Jazz plan to sign Naz Long to a two-way contract.

Utah waived Nate Wolters from his two-way contract to create a spot for Long.

In 20 games in the G League this season, Long is averaging 15 points, 6.0 rebounds and 3.6 assists per game.

Long went undrafted out of Iowa State in 2017.

The Utah Jazz have waived Nate Wolters, who was on a two-way contract.

Wolters appeared in five games for the Jazz this season while also playing in another 13 in the G League.

Before the current season, Wolters last played in the NBA in 14-15.