Kings Buy Out Aaron Brooks
The Kings have bought out Aaron Brooks' contract, according to Alex Kennedy of HoopsWorld (via Twitter). Grant Napear of CBS Sacramento first tweeted that Brooks had been released by the team, while Jason Jones of the Sacramento Bee reported that the two sides were working on a buyout.
Brooks' contract included a 2013/14 player option worth about $3.4MM, but he likely gave that up as part of the buyout. The 28-year-old point guard will become an unrestricted free agent when he clears waivers, but isn't close to reaching an agreement with another team, according to Kennedy, who tweets that Brooks will weigh his options before signing.
Because Brooks was released before tonight's buyout deadline, he'll be eligible to play in the postseason for whichever team he joins next. Kennedy suggested (via Twitter) that the Rockets, Knicks, and Jazz might be potential fits for the veteran. Those teams have either had interest in Brooks in the past or could use a point guard now — or both.
Kings, Aaron Brooks Working On Buyout
With a few hours remaining before this season's buyout deadline, the Kings and Aaron Brooks are working on a buyout for the veteran guard, reports Jason Jones of the Sacramento Bee (via Twitter). Nothing is finalized yet, according to Jones.
After being a regular part of the Kings' rotation for the first two months of the season, Brooks has received less consistent playing time since then. Head coach Keith Smart has recently been using Isaiah Thomas and Jimmer Fredette at the point, with Brooks only appearing in four games in February.
Brooks, who is earning $3.25MM this season, also has a player option worth about $3.4MM for 2013/14. If the Kings were to agree to release the 28-year-old, he'd likely have to give up that option money, as well as a little of this season's salary. Assuming the two sides can reach an agreement, the Rockets, who pursued Brooks last summer, may be interested again, tweets Alex Kennedy of HoopsWorld. Kennedy adds (via Twitter) that the Knicks could be a nice fit as well, since they've been linked to Brooks in the past and were pursuing another point guard prior to the deadline.
For Brooks to be playoff-eligible for another team, the Kings would have to request waivers on him by 10:59pm CST tonight.
Offseason Amnesty Candidates
Mark Cuban created a bit of a stir recently when he suggested that using the amnesty clause on Kobe Bryant might make a lot of financial sense for the Lakers. Cuban, Kobe, and the Lakers all recognize that the team would never make such a move on its franchise player, but the Lakers and a handful of other teams are likely to consider using the amnesty provision this summer to clear an unwanted contract from their books for cap and tax purposes.
For a full refresher on how the amnesty clause works, be sure to check out our Hoops Rumors glossary entry, but here are the basics: Starting in 2011/12, each team was eligible to amnesty one player, eliminating his cap hit from the books while still paying him his full salary. Only contracts signed under the previous CBA are amnesty-eligible, and the amnesty period comes around just once a year.
Bryant is one of just 37 NBA players still eligible to be amnestied, a number that could be reduced by the time this year's amnesty period arrives in July. Like Kobe, stars such as LeBron James and Kevin Durant won't be wiped off their respective teams' books via amnesty, and other amnesty-eligible players on cheap contracts, like DeMarcus Cousins, Greg Monroe, and Larry Sanders, will be safe as well. But of those 37 amnesty-eligible guys, there are still plenty that could be in danger of being released this summer. Here are the players to watch:
- Andrea Bargnani, Linas Kleiza (Raptors): As unlikely as it is that Raptors GM Bryan Colangelo would ever amnesty the player he drafted first overall and signed to a long-term extension, Bargnani will still have two years and $22.25MM on his contract after this season. Colangelo was unable to find a taker for the big Italian at the deadline, and Bargnani's play hasn't improved any since then. If his value continues to decline, the amnesty clause will have to at least be considered. However, it's still more likely that Toronto uses its amnesty to clear Kleiza's $4.6MM player option from the books, which could help the team sneak below the tax line next season.
- Carlos Boozer (Bulls): Boozer continues to be healthy and productive for the Bulls, but his contract is a bit of an albatross. Whether it's next season, when Boozer earns $15.3MM, or in 2014/15, when he's making $16.8MM, the veteran forward will remain an amnesty candidate if only because clearing that cap hit would get Chicago well below the tax threshold with more punitive penalties on the way.
- Drew Gooden (Bucks): No longer a part of the team's rotation, Gooden has played a total of 140 minutes for the Bucks this season. If he were on an expiring contract, he'd be a candidate for a buyout today, but Gooden still has two more years remaining after this one, at $6.69MM apiece. With Brandon Jennings, Monta Ellis, and J.J. Redick all expected to become free agents, Milwaukee could create a significant chunk of cap space. Depending on which players the Bucks attempt to re-sign and where team salary ends up, it may make sense to clear Gooden from the books as well.
- Mike Miller (Heat): The Heat have more than one questionable contract that's eligible to be amnestied, including that of little-used Joel Anthony, which has two more years and $7.6MM remaining on it. Miller's price is highest though, at $12.8MM for the next two years, and it appears unlikely he'll even be healthy enough to play that long. Amnestying Miller wouldn't take Miami out of the tax, but it would significantly reduce a bill that's set to increase exponentially next season.
- Kendrick Perkins (Thunder): Perkins remains an important piece of Oklahoma City's defense and frontcourt, but his big contract, which pays him close to $18.7MM over the next two seasons, could eventually make him an amnesty candidate. If OKC does want to move that money though, a more likely scenario would involve trading him along with a combination of young players and/or draft picks.
- John Salmons (Kings): It appears a new ownership group will decide whether or not to pay the remaining guaranteed money on Salmons' deal, but I wouldn't be surprised if the Kings (or SuperSonics) decided not to amnesty him this July. Salmons is overpaid in 2013/14 at $7.58MM, but his 2014/15 salary ($7MM) is only partially guaranteed for $1MM, so he'll be on an expiring contract of sorts next season.
- Tyrus Thomas (Bobcats): For a player that has only appeared in 18 games this season and isn't a part of Charlotte's long-term plans, $18MM+ is a steep price over the next two years. I very much doubt the Bobcats will find a taker for Thomas' contract, so it would be a surprise if he isn't amnestied this July.
- Charlie Villanueva (Pistons): The Pistons' front office would probably love it if Villanueva chose to turn down his $8.58MM player option for 2013/14, but that's not happening, as Villanueva himself has confirmed. Monroe is the only other Piston eligible to be amnestied, and that also isn't happening, so if Detroit wants to make use of the amnesty provision, it has to be Villanueva and it has to be this summer. Given how unproductive the veteran forward has been and how much cap room Detroit is poised to clear, I expect the Pistons to make use of the amnesty clause.
- Metta World Peace, Steve Blake (Lakers): If the Lakers re-sign Dwight Howard to a max deal, team salary figures to be somewhere north of $100MM, which will mean a gigantic tax bill. Amnestying Bryant ($30.45MM) or Pau Gasol ($19.29MM) would result in more savings, but Kobe's not going anywhere, and Gasol will still have trade value. That makes World Peace ($7.73MM player option) and Blake ($4MM) as potential amnesty targets if the Lakers look to reduce their tax bill.
Sacramento Group Submits Bid For Kings
As we outlined yesterday, Sacramento mayor Kevin Johnson unveiled his plan for keeping the Kings in Sacramento last night during his "State of the City" address. Sacramento's bid for the Kings, led by Mark Mastrov and Ron Burkle, is said to be slightly short of what the Seattle group offered, but it is "strong and competitive," and close enough to cause debate. The NBA's Board of Governors is expected to make its decision in mid-April, but I imagine we'll get plenty of updates on the process along the way. Here are today's items:
- Mastrov and Burkle officially submitted their bid for the Kings to the NBA today, according to Dale Kasler of the Sacramento Bee. A source reiterated that it's "very close and competitive" to the Seattle offer, though it's hard to directly compare the two, since the Sacramento bid wouldn't have to cover costs like the city's $75MM loan to the team.
- While Johnson indicated that Mastrov will lead the charge on the bid for the Kings and Burkle will head the proposal for a new Sacramento arena, both men will contribute financially to both aspects of the project, according to Kasler, Tony Bizjak, and Ryan Lillis of the Sacramento Bee.
- The process for how the Board of Governors will make its decision isn't entirely clear, according to a source that spoke to the Bee: "It's not like there's a manual for how to do this. This is somewhat unprecedented in the history of the league." Tom Ziller of SBNation and Sactown Royalty agrees, noting that this is nothing like what happened between Seattle and Oklahoma City leading up to the SuperSonics' move.
- Burkle is interested in building an arena in Sacramento's Downtown Plaza, which initial studies show would cost in the $400MM range — that's less than last year's estimate of the cost of an arena in the downtown railroad.
- City officials have yet to start formally negotiating with Burkle and Mastrov about an arena plan, but city manager John Shirey hopes to finalize a financing term sheet and present it to Sacramento's city council for approval in time for its April 2nd meeting, according to the Bee.
D-League Moves: Varnado, Scott, Jones, Baynes
We'll track today's D-League assignments and recalls here, with any additional moves added to the top of the page throughout the day:
- Jarvis Varnado has been sent to the Sioux Falls Skyforce, the Heat announced today in a press release. Varnado averaged a double-double in the D-League earlier this season, recording 14.0 PPG, 10.0 RPG, and 3.9 BPG for Sioux Falls.
- The Hawks have assigned rookie Mike Scott to the D-League, tweets Chris Vivlamore of the Atlanta Journal Consitution. Scott will join the Bakersfield Jam, who have a home-and-home set against the Los Angeles D-Fenders on Saturday and Sunday this weekend.
Earlier updates:
- The Cavaliers have recalled Kevin Jones from the D-League just a day after re-assigning him, the team announced in a press release. Jones led the Canton Charge with 24 points and nine rebounds in last night's game, helping the team defeat the Idaho Stampede, 115-109. The rookie forward will be available for the Cavs tonight against the Clippers.
- Aron Baynes also led his D-League team to victory last night during his one-game assignment. The Spurs announced today in a press release that Baynes had been recalled from the Austin Toros after recording 16 points and nine boards in the club's Thursday win.
- The Celtics have assigned Fab Melo to the Maine Red Claws, according to a team press release. With D.J. White and Shavlik Randolph expected to be ready to play tonight, the C's didn't need Melo on the bench in Boston.
Lakers Links: Howard, Kupchak, Buss, Bryant
The Lakers probably shouldn't expect to gain any ground in the Western Conference playoff race tonight, as the Rockets and Jazz are set to play the NBA's two worst teams, the Magic and Bobcats. Still, a win last night over the Timberwolves pulled the Lakers back to within a game of .500 and within just two games of Houston in the Western standings. Here are a few of the latest notes out of Lakerland:
- With last Thursday's trade deadline in the rear-view mirror, Mitch Kupchak no longer has to continue insisting that Dwight Howard won't be traded, but as Sam Amick of USA Today writes, the Lakers GM is still defending Howard. Kupchak tells Amick that he was surprised Howard returned from back surgery as early as he did, and that he believes D12 has received an unfair amount of criticism.
- Shaun Powell of Sports on Earth explores the question of whether the Lakers' future is safe in the hands of Jim Buss, noting that Buss would be wise to place his trust in Kupchak.
- Kobe Bryant has frequently suggested he may retire when his current contract expires in 2014, but given how well he has played this season, retirement shouldn't even be on Kobe's radar, writes Kevin Ding of the Orange County Register.
Celtics Sign Shavlik Randolph
10:39am: The Celtics have officially announced the signing in a press release.
8:47am: Shavlik Randolph has received his letter of clearance from China and has signed a 10-day contract with the Celtics, agent Joel Bell tells Shams Charania of RealGM.com. According to Charania, Randolph is participating in the Celtics' morning shootaround today, so it sounds as if the team will announce the signing later today, making Randolph eligible for tonight's game against the Warriors.
Randolph, 29, has been out of the NBA since the 2009/10 season, when he briefly appeared in three games each with the Heat and Trail Blazers. However, as Ryan Raroque of Hoops Rumors noted last night, the former Duke Blue Devil had a tremendous season in the Chinese Basketball Association in 2012/13, averaging 32.0 PPG and 14.6 RPG in 28 games for the Foshan Long Lions.
The Celtics now have a full roster of 15 players, though three of those 15 are currently on 10-day contracts, as our 10-day tracker shows. Terrence Williams' deal is set to expire after tonight's game, while D.J. White and Randolph are locked up until next weekend. All three players landed in Boston after spending the season with Chinese clubs.
Ben Golliver of Blazer's Edge first reported yesterday (via Twitter) that Randolph was seeking his letter of clearance from China and was close to signing with an NBA team.
Wolves Rumors: Ridnour, Barea, Butler, Bjelica
The trade deadline may be behind us, but that doesn't mean Darren Wolfson of 1500 ESPN Twin Cities won't continue checking in with his weekly Scoops column on Fridays. Wolfson still has a handful of Timberwolves-related notes to pass along, so let's check them out….
- Louis Amundson told FOX Sports Florida that the Timberwolves nearly traded him and Luke Ridnour to the 76ers for Spencer Hawes, but a source close to one of those players tells Wolfson that's "not true." Still, as Wolfson has previously reported, the Sixers did talk to Minnesota about Ridnour and J.J. Barea.
- Given how heavily the T-Wolves shopped Ridnour and Barea prior to the deadline, one of them will be moved this summer, says Wolfson.
- One source tells Wolfson to expect the Wolves to pursue a trade for Caron Butler in the summer. Butler, who will be entering the final year of his contract next year, was nearly sent to the Wizards on deadline day.
- Nemanja Bjelica, the 35th overall pick in the 2010 draft, is likely to come over to the NBA next season, a source tells Wolfson. Bjelica, whose rights the Wolves hold, signed a five-year contract with Spanish club Caja Laboral in 2010, but the deal included an NBA opt-out.
Monroe Unlikely To Sign Extension This Offseason
As a third-year player, Greg Monroe will be entering the final season of his rookie contract in July, making him eligible to sign a long-term extension with the Pistons. However, agent David Falk tells Vincent Goodwill of the Detroit News that his client will likely hit restricted free agency the following summer rather than re-upping with the Pistons in the offseason.
"Greg isn't gonna go backwards between his third and fourth year," Falk said. "I don't think I've ever done an extension after a third year. In the '90s you maxed out a guy after his second, but the [CBA] rules are different now."
We saw eight rookie-scale extensions signed during the 2012 offseason, so there are certainly players and agents whose opinions differ from Falk's. Financial security and the risk of injury are a couple reasons why someone might choose to extend early, though as Eric Gordon showed last summer, even an injury-plagued fourth season may not hurt a player's earning potential. Another Falk client, Roy Hibbert, was among the players who turned down a lucrative rookie-scale extension and landed a max deal in free agency.
"What incentive does a player have to do an extension after his third year? For me personally, it's difficult to do that," Falk said. "[Former Pacers president] Larry [Bird] offered a significant extension [to Hibbert]. The structure of the CBA, for me, I can't speak for others, I question why that makes sense."
Monroe, 22, will make $4.09MM next season, then will likely receive a one-year qualifying offer from the Pistons, making him a restricted free agent in 2014. At that point, other teams will receive the opportunity to sign him to an offer sheet for up to four years, which the Pistons would have three days to match. Detroit could also negotiate directly with Monroe, offering him a deal for up to five years.
