Jason Kidd Buying Jay Z’s Share Of Nets
10:13am: Jay Z is only selling half of his stake to Kidd, and will sell the other half to a current minority owner, according to Nets Daily, adding that Shawn Carter actually owned one-sixth of one percent of the team. Those numbers would make a little more sense, since the rapper reportedly invested $1MM in the team initially.
9:28am: When Jay Z officially became a certified NBA agent this summer, it became necessary for the rapper and entrepreneur to divest himself of his small stake in the Nets. And according to a New York Post report, the team's new minority owner will be another familiar face: head coach Jason Kidd. Sources inform the Post that Kidd will take over Jay Z's stake in the Nets (just 1/15th of one percent) for about $500K.
"Other owners want to give Jason a part ownership of the team, and urged Jay to sell his shares to him," a source told the Post.
Considering how quickly the Nets moved to bring Kidd back to the franchise following his retirement as a player, it doesn't come as a huge surprise that the club is interested in involving him in the ownership side of things as well. It's certainly a signal that Brooklyn is comfortable investing in the first-time head coach though.
As for Jay Z, he'll focus on his agency, Roc Nation Sports, which reportedly landed Kevin Durant as its first big-name NBA client earlier in the offseason.
David Lighty Accepts Hawks’ Camp Invite
Former Ohio State shooting guard David Lighty will be in camp next month with the Hawks, according to Chris Vivlamore of the Atlanta Journal Constitution. Word that Lighty would accept a training camp invite from the team was first reported earlier in the summer by Emiliano Carchia of Sportando.
Lighty, 25, went undrafted in 2011 as Chad Ford's 64th-best prospect in that year's rookie class. He has played overseas since then, most recently averaging 12.5 PPG and shooting 42.5% on three-pointers in 35 games for JSF Nanterre in France.
As Vivlamore notes, Lighty and Eric Dawson are the players confirmed to be camp invitees so far for the Hawks, while Shelvin Mack is on a non-guaranteed contract and Mike Scott only has a partial guarantee. Mack and Scott probably have a leg up on Lighty and Dawson for regular-season roster spots, but with only 12 guaranteed contracts on their books so far, the Hawks should have a few players competing for those last few openings next month.
L.A. Rumors: Amundson, Kelly, Beasley, Nelson
The Clippers may have caught and passed the Lakers in terms of on-court quality over the past couple of seasons, but that change certainly hasn't been reflected on social media. The Lakers are the most significant presence in social media among the 30 NBA teams, while the Clippers rank last, according to an Emory University study. Of course, the worlds of Facebook and Twitter move swiftly, so the gap between L.A.'s teams might not endure another disappointing season for the Lakers juxtaposed with deep playoff run for the Clips.
As we wait to see how that develops, follow Hoops Rumors on Facebook and Twitter, and catch up with the latest from the City of Angels:
- The Clippers and Lakers are still interested in Lou Amundson, who plans to strike a deal with a team within the week, agent Mark Bartelstein tells Mark Medina of the Los Angeles Daily News. Amundson met with both L.A. clubs recently, and he also worked out for them, Medina writes.
- The Lakers doubt that Ryan Kelly, this year's 48th overall pick, will be healthy to start the season, so that would make Michael Beasley a wise pickup for the purple-and-gold, writes Dave McMenamin of ESPNLosAngeles.com.
- HoopsWorld's Steve Kyler isn't so sure, pointing out that the Lakers would have to shell out tax money in addition to Beasley's salary if he joined the team (Twitter link).
- Former UCLA Bruin Reeves Nelson spent training camp with the Lakers last year, but he's excited to be with the Sixers' D-League affiliate for now, agent Mark MacGillivray tells Jake Pavorsky of SB Nation.
Extension Candidate: Greivis Vasquez
Marc Stein of ESPN.com last week tweeted a list of players whom GMs see as legitimate candidates for rookie-scale extensions, and perhaps the most surprising name on it is Greivis Vasquez. He was the runner-up in Most Improved Player of the Year balloting and finished third in assists per game in his first year as a full-time point guard last season, but there are many who don't view him as a budding star. Pelicans GM Dell Demps and the rest of the team's front office apparently don't, since they gave up Nerlens Noel and a 2014 first-rounder to replace Vasquez at the point with Jrue Holiday, then shipped the former Maryland Terrapin to the Kings as part of the Tyreke Evans sign-and-trade.
Holiday scored more often last season, but he did so on a greater number of shot attempts, and he and Vasquez had nearly an identical field goal percentage. Holiday had the edge on three-point percentage, while Vasquez averaged one more assist per game. The most significant difference between the two players is probably their contracts; Holiday is entering the first season of a four-year, $41MM extension, while Vasquez has one more year left on his rookie deal. The Kings point guard probably has less room for improvement, since he's about two and a half years older, but the fact that the Pelicans gave up so much in the swap with Philadelphia indicates that they strongly believe the former Sixer is the better value. In any case, it seems unlikely that Sacramento GM Pete D'Alessandro and agent Arn Tellem, who reps Vasquez, work out a deal that pays as much as Holiday's does.
The strongest argument against a lucrative investment in Vasquez is his defense. The Pelicans (then Hornets) were woeful at stopping other teams with him in the lineup last season, giving up 108.8 points per 100 possessions, a mark that would have been worse than every other team in the league except the Bobcats if the number were extrapolated. New Orleans checked in at 28th in that category anyway, but when Vasquez went to the bench, the team only gave up 104.5 points per 100 possessions, a mark better than nine teams.
Sandwiched between New Orleans and Charlotte in that category last year was Sacramento, so there won't be much surrounding Vasquez to make up for his defensive shortcomings. The Kings also added Luc Mbah a Moute this summer, but they're going to need a lot more than that to improve on defensive. Complicating matters is that Sacramento's other rookie-scale extension candidate, Demarcus Cousins, was an even worse sieve last season, as the Kings gave up 109.5 points per 100 possessions with him on the court. It's hard to envision Sacramento having much success with a pair of defensive liabilities tied to long-term deals for major money, so unless D'Alessandro and company envision a major improvement for one or both of them, the Kings probably won't hand out extensions to more than one of them.
Cousins would probably be the team's first choice based on physical talent alone, but if the Kings don't feel like he can overcome his mental lapses, Vasquez offers some intriguing offensive value. The native of Venezuela improved his shot selection this past season, ditching midrange attempts for shots at the rim and behind the three-point arc. He's gradually built himself into a competent three-point shooter, improving from 29.1% accuracy as a rookie to 34.2% last year. His assist percentage, an estimate of the share of his teammate's shots that he assisted upon, trailed only Chris Paul, per Basketball-Reference. Many of Vasquez's assists came courtesy of his 6'6" height, which allows him to make passes other point guards can't, as Grantland's Zach Lowe pointed out this summer.
The Kings have had a revolving door at point guard the past few seasons, and ostensibly Vasquez brings some stability to the position. Isaiah Thomas is entering a walk year, and Jimmer Fredette keeping popping up in trade rumors. Still, D'Alessandro may want to see what he has in those two guys before he locks himself into Vasquez for years to come. Point guard might be a relatively weak position in the upcoming draft class, with only four point men listed among Jonathan Givony's top 25 prospects at DraftExpress (and that includes Dante Exum, who might not be part of the field), but the NBA is crowded with talented one-guards these days.
Vasquez may be willing to capitalize on his success last year and take a steep discount, perhaps opening himself up to an extension worth less than $8MM a year, which was the cheapest average annual value among the extensions signed last offseason. Even so, the Kings are probably better off taking a pass, and seeing whether their new point guard can help them creep up from the dregs of the Western Conference, or if Thomas or Fredette can have third-year breakthroughs similar to the one Vasquez had in 2012/13.
Lakers Sign Shawne Williams
SEPTEMBER 3RD: The Lakers finally made the signing official, as Mike Trudell of Lakers.com passes the news along via Twitter.
JULY 19TH: The Lakers and Shawne Williams have reached agreement on deal that will bring the veteran forward to training camp, tweets Ian Begley of ESPNNewYork.com. The wording of Begley's tweet indicates that it's just a camp invitation, which would mean a one-year, minimum-salary deal with no guarantee, but the precise terms of the arrangement are unclear.
Marc Berman of the New York Post wrote last month that Lakers coach Mike D'Antoni, who had Williams on one of his Knicks teams, wanted to work with him again, and Begley notes that D'Antoni regards the 27-year-old highly. Williams reportedly worked out for the Lakers and several other teams this summer, including the Knicks. Agent Happy Walters said in June that Williams "loved his time" with New York but would make playing time a priority when he chose his next team.
The University of Memphis product has spent parts of five seasons in the NBA, last appearing with the Nets in 2011/12. He averaged double-digit minutes all five years, but he's put up just 5.7 points per game for his career.
Southwest Rumors: McGrady, Hamilton, Covington
- Richard Hamilton is probably looking at no better than the minimum salary, but the Rockets, as well as the Knicks, are among teams that may have interest in the former Bull, tweets Sam Amico of Fox Sports Ohio.
- Undrafted small forward Robert Covington scored a full guarantee on the first year of his three-year deal with the Rockets, per Mark Deeks of ShamSports, and the former Tennessee State Tiger tells Jason Friedman of Rockets.com about what set him apart in summer league, his relationship with James Harden, and more.
- HoopsWorld's Yannis Koutroupis names ex-Grizzlies coach Lionel Hollins first on his list former NBA coaches likely to receive an offer the next time an opening emerges. Hollins beat out reigning Coach of the Year George Karl, who'd prefer to take a job with a Western Conference contender.
Comparing Salaries For No. 2 Overall Picks
Michael Beasley's buyout from the Suns is garnering plenty of attention today, but he's not the only former No. 2 overall pick in the news. We just passed along a report that 1999 No. 2 pick Mike Bibby will work out for the Spurs, and earlier today, Luke Adams of Hoops Rumors weighed the chances that Hasheem Thabeet, the second pick from 2009, will remain on his non-guaranteed contract with the Thunder. LaMarcus Aldridge spoke this weekend about trade rumors that have surrounded him for much of the summer. And Wolves president of basketball operations Flip Saunders said Friday that the team isn't sure it will pick up Derrick Williams' 2014/15 option by this year's October 31st deadline.
It's just the latest during an offseason in which several former No. 2 overall picks have made headlines. Jason Kidd retired as a player and took over as coach of the Nets, while Marcus Camby, his teammate on the Knicks last year, was traded to the Raptors, arranged for a buyout, and signed with the Rockets. Even Kevin Durant, who's locked into a long-term deal, drew mention as the league decided to reimburse the Thunder for a portion of his contract.
Last month, I looked at the salaries for each No. 1 overall pick since 1996, and with so much noise surrounding the guys taken second, let's see how they stack up. Durant, naturally, is the highest-paid No. 2 pick, followed by three players making between $14MM and $15MM this season — Aldridge, Emeka Okafor and Tyson Chandler. Camby is the only former second overall pick making the minimum salary this year, but a half dozen who've come into the league since 1996 are without NBA playing contracts, and most of those six have been out of the league for some time. Steve Francis and Stromile Swift were back-to-back No. 2 picks who wound up in China about 10 years into their pro careers.
Here's the complete list of 2013/14 playing salaries for No. 2 overall picks since 1996:
- 2013: Victor Oladipo, $4,763,760
- 2012: Michael Kidd-Gilchrist, $4,809,840
- 2011: Derrick Williams, $5,016,960
- 2010: Evan Turner, $6,679,867 — second highest-paid player on the Sixers, behind Thaddeus Young
- 2009: Hasheem Thabeet, $1,200,000 (Only $500K guaranteed)
- 2008: Michael Beasley, $4,670,000 (Reduced from $6MM per buyout agreement)
- 2007: Kevin Durant, $17,832,627
- 2006: LaMarcus Aldridge, $14,878,000
- 2005: Marvin Williams, $7,500,000
- 2004: Emeka Okafor, $14,487,500
- 2003: Darko Milicic, $0 — Likely retired from the NBA
- 2002: Jay Williams, $0 — Retired
- 2001: Tyson Chandler, $14,100,538
- 2000: Stromile Swift, $0 — Hasn't played in the NBA since 2008/09. Last played in China in 2009/10.
- 1999: Steve Francis, $0 — Hasn't played in the NBA since 2007/08. Last played in China in 2010/11.
- 1998: Mike Bibby, $0
- 1997: Keith Van Horn, $0 — Retired
- 1996: Marcus Camby, $1,399,507
ShamSports was used in the creation of this post.
Mike Bibby, Mickael Pietrus Working Out For Spurs
Veteran NBA point guard Mike Bibby is participating in a Spurs mini-camp this week, auditioning for a chance at a contract or camp invite, according to Jared Zwerling of ESPNNewYork.com. Zwerling adds that Mickael Pietrus will also be among the players working out for the Spurs (Twitter links).
It seems the Spurs have yet to start extending camp invites to roster hopefuls. As our page of roster counts shows, the club currently has 14 players under contract, all on guaranteed deals. Teams can carry up to 20 players up until opening night, so I'd expect San Antonio to add a few more players before camp opens.
Whether Bibby or Pietrus will earn one of those spots on the preseason roster remains to be seen. Bibby, 35, didn't appear in an NBA game last season, having last played for the Knicks in 2011/12. Pietrus signed a minimum-salary contract with the Raptors last season, but injury woes and a lack of production limited him to 19 games.
According to Zwerling, Pietrus may have more workouts lined up, but the Spurs appear to be Bibby's only potential suitor at this point.
Western Notes: Barea, Blazers, Rockets, Gibson
Earlier in the day, we rounded up several items out of the Pacific Division. Now, let's shift our focus to the West's other two divisions, with a few links relating to Southwest and Northwest teams….
- J.J. Barea tells Gonzalo Aguirregomezcorta of ESPNDeportes.com that while he wouldn't be opposed to returning to the Mavericks eventually, he's not looking to change addresses anytime soon. "I'm happy in Minnesota," Barea said. "They're the ones that wanted me there, the ones that signed me for four years, so until they decide to trade me, I'm going to give them all my effort in the games."
- The Trail Blazers aren't looking to trade LaMarcus Aldridge and he's looking forward to playing with the new-look roster, but if the team's season gets off to a slow start, it's worth keeping a close on Portland's situation, according to Steve Kyler of HoopsWorld.
- Lance Thomas was grateful for the opportunity to re-sign with the Pelicans after the team released him in July, as he tells Jim Eichenhofer of Pelicans.com.
- The Rockets had some interest in free agent guard Daniel Gibson at one point, but don't anymore, tweets Sam Amico of FOX Sports Ohio.
- Bryan Gutierrez of ESPNDallas.com gives the Mavericks a grade of B- for the team's new deal with Bernard James.
Pacers Reach Agreement With Rasual Butler
After not catching on with an NBA team last year, Rasual Butler has reached an agreement to join the Pacers, agent Joel Bell tells Shams Charania of RealGM.com. Indiana will sign Butler to a non-guaranteed contract, which figures to essentially amount to a camp invite.
Butler last appeared in the NBA for the Raptors in 2011/12, averaging a career-low 3.2 PPG and 4.8 PER in 34 contests. The 34-year-old participated in workouts last fall and this past spring, but didn't seem to draw much interest from NBA teams until now.
The Pacers have 13 players on guaranteed contracts, and, as our list of non-guaranteed deals shows, have also invited Ron Howard to training camp. Indiana will almost certainly add at least a couple more players to the team's camp roster, but as long as those guys are on non-guaranteed contracts as well, it seems Butler will be given the opportunity to earn a regular-season roster spot.
