There were conflicting reports on the details of the second year of Rajon Rondo‘s new contract with the Bulls when it was agreed upon and signed earlier this month, but Eric Pincus of Basketball Insiders provides some clarity, writing that only $3MM of Rondo’s $13.397MM second-year salary is guaranteed. That second year essentially functions as a team option for the Bulls, who could waive Rondo by June 30 next year if his first year in Chicago goes south.
Carmelo Anthony believes bad timing is all that prevented Dwyane Wade from joining him on the Knicks, relays Marc Berman of The New York Post. Wade sent shock waves throughout the NBA earlier this month when he agreed to leave the Heat and sign with the Bulls. Anthony says if Wade’s situation had become apparent earlier, the Knicks could have freed up the cap room to fit him on the roster. “There was a chance, definitely a chance,’’ Anthony said. “We would’ve had to pull a rabbit out of a hat in the 25th hour though. There was a chance. If it was two days earlier, we probably would’ve had Dwyane Wade.”
- Doug McDermott thinks Dwyane Wade is just what the Bulls needed to become a contender in the East again, relays Sam Smith of Bulls.com. McDermott, who is coming off a breakthrough second season in the NBA, is part of the select squad that is practicing this week with the U.S. Olympic team. He bristles at the suggestion that Chicago doesn’t have enough outside shooting with Wade expected to start next to Rajon Rondo and Jimmy Butler. “People have been questioning bringing in D. Wade and Rondo, saying they don’t fit [coach Fred Hoiberg‘s] style,” McDermott said. “But we have four or five guys coming off the bench who really do fit Fred’s style and we can gel with those other guys, the superstars. You know Fred will make it work; he’s a brilliant offensive mind and we’re figuring it out defensively as we go along.”
JULY 20: The Bulls have formally announced their deal with Canaan. “We are excited to add Isaiah to our group,” GM Gar Forman said in a statement. “We feel his ability to knock down perimeter shots will be an asset to our team.”
JULY 12: The Bulls have reached a contract agreement with free agent Isaiah Canaan, Michael Scotto of Sheridan Hoops relays (via Twitter). It will be a two-year pact worth $2.2MM, Scotto notes, though it is unclear how much, if any, guaranteed money will be included.
Canaan become an unrestricted free agent this offseason after the Sixers declined to tender him a qualifying offer worth $1,215,696. Canaan was just two starts and 34 minutes away from triggering the starter criteria this past season, but as a result of a torn left labrum he failed to log the necessary numbers. The qualifying offer needed to make him a restricted free agent this offseason would have jumped to $2,725,003, had he met the criteria.
The 25-year-old appeared in 77 games this past season, including 39 as a starter, averaging 11.0 points, 2.3 rebounds and 1.8 assists in 25.5 minutes per outing while shooting .360/.363/.833 from the field.
The D-League will add three new teams this upcoming seasons. The Bulls (Windy City Bulls), Hornets (Greensboro Swarm), and Nets (Long Island Nets) are all set to have one-on-one affiliates and the expansion draft will take place on August 24th, Adam Johnson of D-League Digest reports.
The league hasn’t had three teams join at the same time since 2006 and it has made some tweaks to the rules, sources tell Johnson. Previously, teams would be able to select 16 players from the available pool of players, but this year, the expansion teams will only be able to make 12 selections.
The draft will be serpentine and existing D-League teams can protect 10 players currently on their roster, which is down from 12 in previous expansion drafts. One thing remaining the same is where the expansion teams will pick during the D-League draft. The three teams will have the selections between the non-playoff teams and the playoff teams, which this year are the 12th, 13th, and 14th overall picks. The determination of the order in which these team pick during the annual draft will be set by the inverse of the expansion draft order, meaning the team that receives the first pick in the expansion draft will receive the 14th pick in the annual draft and the others will follow in that pattern.
Once a player is selected by the expansion team, that team owns his rights for at least two seasons. Last season, Toronto’s expansion team, Raptors 905, was the only team participating in the draft. Of the 16 players they selected, only Scott Suggs saw action for the team.
Traded player exceptions, which we’ve explained extensively in a Hoops Rumors glossary entry, are a tool that over-the-cap teams can use to complete trades. For mid-season deals, when most teams are at or over the salary cap, these exceptions are typically used and created frequently.
This summer, however, with the salary cap increasing by more than $24MM and most teams choosing to use cap room rather than staying over the cap, trade exceptions have become scarcer — and less useful. In order for teams to actually use their available cap room to take on salaries or to sign free agents, those exceptions must be renounced.
Heading into the 2016/17 league year, teams around the NBA held a total of 29 trade exceptions. After the new league year officially got underway and the moratorium ended, the majority of those TPEs were lost. In total, 22 of the 29 previously-existing traded player exceptions were renounced or expired.
Earlier this month, only the Clippers, Cavaliers, and Thunder still held any TPEs, with Cleveland hanging onto five of them, and L.A. and OKC holding one apiece. Over the last week or so, a few new trade exceptions have been created, but with so many teams still under the cap, the full list is much shorter than it has been in past years.
Here’s a breakdown of the newly-created TPEs:
How it was created: When the Grizzlies signed Troy Daniels away from the Hornets, they did so in a sign-and-trade deal, allowing Charlotte to create a TPE for half of Daniels’ $3,332,940 salary.
Los Angeles Clippers
How it was created: When the Clippers acquired Devyn Marble from the Magic for C.J. Wilcox, the team actually used its old $947,276 TPE (acquired in January’s Josh Smith trade) to absorb Marble’s salary, then created a new exception worth Wilcox’s salary.
The traded player exceptions listed above have been added to our full breakdown of the TPEs available around the league. That list no longer includes the $2,038,206 exception the Thunder created last summer when they sent Perry Jones III to the Celtics — that TPE expired on July 14.
Our full list of TPEs also no longer features the following exceptions, all of which were renounced earlier this month when these teams went under the cap (expiry date listed in parentheses):
- Atlanta Hawks: $947,276 (2/18/17)
- Brooklyn Nets: $2,170,465 (7/13/16)
- Chicago Bulls: $2,854,940 (2/18/17)
- Chicago Bulls: $947,276 (6/22/17)
- Denver Nuggets: $135,000 (2/18/17)
- Detroit Pistons: $6,270,000 (6/29/17)
- Golden State Warriors: $5,387,825 (7/27/16)
- Golden State Warriors: $3,197,170 (7/31/16)
- Memphis Grizzlies: $450,000 (2/18/17)
- Miami Heat: $1,706,250 (7/27/16)
- Miami Heat: $1,294,440 (7/27/16)
- Miami Heat: $2,129,535 (11/10/16)
- Miami Heat: $2,145,060 (2/16/17)
- Miami Heat: $845,059 (2/18/17)
- Miami Heat: $2,854,940 (2/18/17)
- Milwaukee Bucks: $5,200,000 (7/9/16)
- Milwaukee Bucks: $4,250,000 (7/9/16)
- Minnesota Timberwolves: $5,000,000 (7/12/16)
- New Orleans Pelicans: $102,217 (12/24/16)
- New York Knicks: $1,572,360 (6/22/17)
- Phoenix Suns: $578,651 (2/18/17)
Information from Basketball Insiders was used in the creation of this post.
Jimmy Butler indicated that he has been in contact with Rajon Rondo and Dwyane Wade and he believes the trio can make it work on the Bulls, K.C. Johnson of the Chicago Tribune passes along in a series of tweets. “Everybody has to sacrifice a little something. We all just to win. They have done it. I want to do it,” Butler said. “But I’m not going to take a step backward because I have new players on my team. I’m going to still be aggressive.” Butler added that expects the pair of veteran guards to hold him accountable on and off the court.
- Butler is aware of the trade rumors surrounding him, but he remains focused on elevating his game, as Johnson tweets. “Whoever I play for is gonna get my best effort. If it’s the Bulls, which I think it will be, I’m coming at everybody,” Butler said.
Celtics president of basketball operations Danny Ainge would still like to add one more big piece and he will make one of the Brooklyn’s picks available for the right player, a source tells Steve Bulpett of the Boston Herald. “Danny will make it available in the right situation, but he’s not going to give it up with core players, too,” the source told Bulpett. “That’s going to be a good draft, and that’s going to be a high pick.”
Executives within the league believe Ainge will end up making a significant trade with one rival GM telling Bulpett that Jahlil Okafor may best fit on the trade market. “I still wouldn’t be surprised if something happened [with the Celtics and Okafor],” the anonymous GM said.
Here’s more from Boston:
- There is still no traction between the Celtics and Clippers for a deal that would send Blake Griffin to Boston, Bulpett adds in the same piece. Furthermore, a source tells Bulpett that teams are having concerns over Griffin’s health. “I still think there’s a concern with his leg,” an opposing team executive told Bulpett. “We looked into him, and we’re hearing that’s a pretty serious thing. I’m not saying you don’t go after him, but you’d better be really sure about that leg before you go making any big commitments.”
- The Celtics were willing to offer the No.3 overall pick and one player from their rotation, but the Bulls wanted two players and Ainge wasn’t willing to make that deal, a source tells Bulpett in that same piece.
- Whether or not No.16 overall pick Guerschon Yabusele will play overseas is dependent upon the Celtics making a trade and opening up a roster spot, a source tells Adam Himmelsbach of The Boston Globe (Twitter links). Yabusele could play overseas during the 2016/17 campaign even if there is a trade, Himmelsback adds.
- James Young is on the Celtics‘ roster bubble, Mark Murphy of the Boston Herald writes. “I think James is doing fine, but we have a lot of decisions to make,” Ainge said. “A lot is dependent on what deals we’re able to do or not do, like do we sign or not sign another free agent?”
- Out of all the Celtics whom participated in summer league, Young made the weakest case for a roster spot, Chris Forsberg of ESPN.com contends.