The Knicks are among the teams with an interest in acquiring Bucks center Greg Monroe, who reportedly remains available, Sam Amico of Amico Hoops reports, citing league sources. The Knicks may need a third team to help facilitate a trade for Monroe and would almost certainly have to wait until December to make a deal, Amico adds.
The Bucks-Monroe relationship has not worked out the way many envisioned it would. After one season, the Bucks are reportedly “anxious to move on from him.” Monroe has two seasons remaining on his current deal. He can choose to opt out next summer. In 79 games for the Bucks, Monroe notched averages of 15.3 points, 8.8 rebounds and 2.3 assists in 29.3 minutes per contest. The Celtics emerged as a suitor for Monroe last month, but talks are reportedly no longer ongoing.
The Knicks would be a logical fit, depending on who New York would move, of course. The Knicks are set to feature Joakim Noah at center and to bet on the former Bulls player staying healthy would be risky. Beyond Noah and Kristaps Porzingis at power forward, it can be argued that New York lacks depth in the frontcourt.
Still, having undergone a significant roster overhaul this offseason, the Knicks don’t have many trade chips currently available to match Monroe’s $17MM+ salary — free agents who recently signed with the club aren’t eligible to be dealt until at least December.
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.
The Bucks have agreed to terms with restricted free agent Miles Plumlee on a four-year deal that will pay him $50MM+, according to multiple reports. Charles F. Gardner of The Milwaukee Journal Sentinel, who first broke word of the agreement, tweets that it’s worth $50MM, while ESPN’s Marc Stein says (via Twitter) it’s worth $52MM. Michael Scotto of The Associated Press adds (via Twitter) that there are no options, and all four years are guaranteed.
Plumlee, who turns 28 in September, has played for three teams since entering the NBA in 2012. After playing for Indiana in his rookie season, Plumlee was sent to Phoenix as part of a trade package for Luis Scola. He was later moved to the Bucks in the three-way trade at the 2015 deadline that saw Brandon Knight land in Phoenix and Michael Carter-Williams join Plumlee in Milwaukee.
After averaging nearly 20 minutes per game in Phoenix, Plumlee saw his role reduced in Milwaukee. In his first full season with the Bucks this past year, he played 14.3 minutes per contest, averaging 5.1 PPG, 3.8 RPG, and 0.8 BPG. Those numbers are modest, but the Bucks apparently liked what they saw enough to make him a restricted free agent, then to commit big money to him on a four-year deal.
With Plumlee locked up, the Bucks are now on the hook for more than $40MM combined to him, John Henson, and Greg Monroe for the 2016/17 season. Even with a Giannis Antetokounmpo extension potentially coming this fall, or next summer, the Bucks have the financial flexibility to afford all three deals — Henson’s salary declines annually, and Greg Monroe can opt out of his contract in 2017.
Still, we’ve heard throughout the summer that the Bucks have been exploring the trade market in an attempt to find a viable deal for Monroe. With Henson and Plumlee now locked up through the 2019/20 season, it seems even more clear that Monroe isn’t a part of the team’s long-term plans.
As our Free Agent Tracker shows, Plumlee is the 26th free agent this summer to land a new contract with a total value of at least $50MM.
Photo courtesy of USA Today Sports Images.
- The Bucks‘ Thon Maker grabbed attention in the Las Vegas Summer League with Kevin Garnett-like size and Giannis Antetokounmpo-level speed, writes Ohm Youngmisuk of ESPN.com. Many observers were surprised when the Bucks drafted Maker 10th overall, but his athleticism may make that gamble pay off. “We thought he wasn’t afraid and had a little toughness to him,” said GM John Hammond. “That was the key to the draft pick — that we enjoyed him so much as a person and had toughness and wasn’t afraid. You don’t know what is going to go from there.”
This past spring, the Bulls, Wizards, Magic, Bucks, Knicks, Nets, and 76ers all failed to make the playoffs in the Eastern Conference, finishing in the lottery. All seven of those teams have been very active so far this offseason, signing free agents and adding players to their roster via trades and/or the draft.
The Bulls and Knicks have perhaps been the most visible of the Eastern lottery teams in recent weeks, beginning with the five-player trade they completed that sent Derrick Rose to New York and Robin Lopez to Chicago. Since then, the Bulls have added Dwyane Wade and Rajon Rondo in free agency, while the Knicks have signed Joakim Noah, Courtney Lee, and Brandon Jennings, among others.
The two lottery teams from the Southeast – the Wizards and Magic – have also undergone some roster upheaval this summer. Washington re-upped restricted free agent Bradley Beal and made changes elsewhere, bringing in Ian Mahinmi, Andrew Nicholson, and Jason Smith, while letting go of Nene, Jared Dudley, and Ramon Sessions. Orlando was even more active, re-signing Evan Fournier, trading for Serge Ibaka, and adding D.J. Augustin, Jeff Green, and Bismack Biyombo.
The Bucks have been a little quieter, but they secured a pair of solid role players in free agency, signing Matthew Dellavedova and Mirza Teletovic. They also drafted Thon Maker, adding another athletic prospect with upside to a promising young core.
Like Milwaukee, the Sixers didn’t make a huge splash, but with Gerald Henderson, Jerryd Bayless, and Sergio Rodriguez entering the mix, the rebuilding franchise has more of a veteran presence. And if Dario Saric finalizes a deal with Philadelphia, the club feels it has three players – Saric, Joel Embiid, and No. 1 pick Ben Simmons – capable of competing for the Rookie of the Year award.
Finally, the Nets missed out on two RFA targets, when their offer sheets for Tyler Johnson and Allen Crabbe were matched. Their other free agent signings, including Jeremy Lin, Greivis Vasquez, Trevor Booker, Luis Scola, and Justin Hamilton – have been modest.
Today’s discussion question focuses on these seven teams, and their offseason transactions. Which team do you think improved the most? Which series of moves do you like best? Which of these non-playoff teams do you think is most likely to end up qualifying for the postseason next spring?
Take to the comments section below to share your thoughts and opinions on the Bulls, Wizards, Magic, Bucks, Knicks, Nets, and Sixers. We look forward to hearing what you have to say.
Despite losing two centers this summer, the Warriors haven’t reached out to Larry Sanders, writes Monte Poole of CSNBayArea. The former Bucks big man was an elite rim protector before he walked away from the game in December of 2014, citing anxiety and depression. Sanders is considering a comeback and sparked speculation on Saturday when he sent out two messages on Twitter: an image of a cavalier and a scene from a 1979 movie titled “The Warriors.” Golden State needs to find replacements for Andrew Bogut, who was traded to Dallas to create cap room for Kevin Durant, and Festus Ezeli, who signed with the Trail Blazers as a free agent.
There’s more news from the Pacific Division:
- The Kings are getting plenty of calls from teams interested in Rudy Gay, Kosta Koufos and Ben McLemore, tweets James Ham of CSNCalifornia. So far, they haven’t heard an offer they like.
- New Kings coach Dave Joerger doesn’t plan to coach any more summer league games, tweets Jason Jones of The Sacramento Bee. Joerger said he started out in that role to set the tone for the rest of the staff.
- The Kings and Clippers are among the teams that worked out J.R. Smith‘s brother this weekend in Las Vegas, tweets Chris Haynes of Cleveland.com. Chris Smith‘s only NBA experience came in two games with the Knicks in 2013.
- Ryan McDonough’s first plan for a quick turnaround in Phoenix didn’t work, so now he’s rebuilding through the draft, writes Gary Washburn of The Boston Globe. With two picks in the top eight, the Suns grabbed highly regarded power forward prospects Dragan Bender and Marquese Chriss. Their only free agent pickup so far this summer is veteran shooting guard Jared Dudley for $30MM over three years, a modest sum in this year’s market. “That’s certainly the most sustainable way to do it,” McDonough said about his draft strategy. “If you can draft those guys and have them under control for four years on the rookie scale and then have a bunch of advantages in terms of contract extensions and full Bird rights, that really helps.”
JULY 7th, 8:04pm: The trade is official, the Cavaliers announced.
JULY 6th, 9:06pm: The Bulls will send Mike Dunleavy to the Cavs, according to Adrian Wojnarowski of The Vertical (Twitter link). Cleveland will use a trade exception to bring Dunleavy to the team, Brian Windhorst of ESPN.com reports (Twitter link). LeBron James personally recruited Dunleavy as a free agent last summer, as K.C. Johnson of the Chicago Tribune mentions on Twitter.
The defending champs were reportedly looking for a wing player this summer and Dunleavy should be a nice addition. He shot 39.4% from downtown in 31 games for the Bulls last season.