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Month: May 2024

Bucks Waive Caron Butler In Buyout Deal

February 27th, 2014 at 4:43pm CST by Chuck Myron

4:43pm: The Bucks have officially waived Butler, the team announced. There’s no mention of a buyout arrangement in the statement, but presumably that’s what took place. He’s set to become a free agent on Saturday.

3:56pm: A source tells Charles F. Gardner of the Journal Sentinel that Butler’s parting of ways with the Bucks is official, and Ramona Shelburne of ESPNLosAngeles.com hears he’ll be placed on waivers today (Twitter links). Still, there’s been no official announcement from the team.

8:01am: Caron Butler and the Bucks have reached agreement on a buyout, reports Adrian Wojnarowski of Yahoo! Sports, who casts the Thunder and Heat as the favorites to sign the small forward once he clears waivers. The Bulls and Spurs are also in the running, according to Wojnarowski (Twitter links). Butler will hit waivers once Milwaukee makes the move official, and presumably will become a free agent 48 hours later.

The Heat appeared to be the front runners for their former lottery pick when news broke earlier this week that Butler and the Bucks were talking about a buyout, but it appears they have strong competition from Oklahoma City. The Spurs have also previously been linked to Butler, but the Bulls appear to be a newcomer to the pursuit.

The 33-year-old Butler was in trade chatter leading up to the deadline, and while one report indicated the Bucks would be reluctant to give up the Wisconsin native, another suggested the team was ready to part ways, either via trade or buyout. Milwaukee acquired Butler in a trade with the Suns in the offseason, though he never played for Phoenix, which traded for him earlier in the summer in a deal with the Clippers. Butler’s expiring contract calls for him to make $8MM this season, though it’s unclear how much of that the Raymond Brothers client is giving up in the buyout.

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10-Day Contract Tracker

February 27th, 2014 at 3:01pm CST by Chuck Myron

The week since the trade deadline has been a busy one, and that’s reflected in the heavy volume of 10-day signings. There have been 11 such deals in the past seven days, and more are rumored to be coming as the buyout market continues to take shape.

The bulk of the signings that take place in the NBA between now and April will be of the 10-day variety, and we’ll keep on top of all of them. Hoops Rumors has created a database that allows you to track every 10-day signing all season long. It includes information on every 10-day contract signed since the 2006/07 season, giving you a chance to identify trends regarding your favorite teams and players. The search filters in the database make it easy to sort by team, player and year. You can even see whether a player and team signed a second 10-day contract, and if the short-term deals led to an agreement that covered the rest of the season.

For instance, if you want to see how many 10-day deals Cartier Martin has signed over the course of his career, you can find that information here. Similarly, if you want to see all the 10-day contracts the Knicks have signed in recent years, you can do so here.

A link to our 10-day contract tracker can be found at any time in the Tools menu at the top of the page, or in the right sidebar. We’ll be keeping it up to date for the rest of the season, so be sure to check back to keep tabs on the latest signings.

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Draft Notes: Ennis, Antetokounmpo, Wiggins

February 27th, 2014 at 1:59pm CST by Chuck Myron

The buyout market is the primary focus for many playoff-bound teams, but May 20th is the next significant date on the calendar for other clubs. That’s the date of the draft lottery, when bouncing ping-pong balls will determine the future for a handful of franchises. No matter how it turns out, teams are no doubt preparing for every possibility, and we’ve got the latest on the 2014 draft here:

  • Some scouts say Tyler Ennis is strongly considering a return to Syracuse for his sophomore season, tweets Alex Kennedy of Basketball Insiders. Still, the point guard is widely considered a top-10 talent, and most such prospects end up declaring for the draft, whether they hesitate or not. Ennis is No. 10 on the ESPN Insider board and No. 9 in the DraftExpress rankings. Executives around the league last month reportedly worried that Jabari Parker wouldn’t enter the draft, but Kennedy hears from scouts who are confident that he’ll turn pro (Twitter link).
  • The Sixers would like to use one of their haul of second-round picks on Thanasis Antetokounmpo, according to Sean Deveney of The Sporting News. He’s a fringe first-round pick, and the Sixers might not get a crack at him, particularly if the Bucks wind up with the top pick of the second round. Still, Bucks rookie Giannis Antetokounmpo tells Deveney that he isn’t sure he’d like to compete with his brother for playing time at the same position on the same team.
  • Andrew Wiggins is the new No. 1 on the latest draft board from Chris Mannix of SI.com. Ennis checks in at No. 7.
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Buyout Rumors: Bulls, Granger, Butler

February 27th, 2014 at 12:47pm CST by Chuck Myron

The Bulls don’t believe adding a 13th guaranteed contract at this point will push the team into the luxury tax, according to K.C. Johnson of the Chicago Tribune. I examined last month how the team’s proximity to the tax could affect its roster, and Mark Deeks of ShamSports did the same, noting how a bonus for Taj Gibson could push the team over the tax line. Deeks tweeted recently that the Bulls couldn’t sign anyone for the rest of the season until April 3rd, but judging from reports linking them to Jimmer Fredette, Danny Granger and Caron Butler, it appears they don’t have to wait that long. Here’s more on a bustling post-deadline market:

  • Granger is having phone conversations today with the Spurs, Heat, Rockets, Clippers and Bulls, tweets Marc J. Spears of Yahoo! Sports. Those are the teams that TNT’s David Aldridge identified Wednesday as Granger’s preferred destinations.
  • Deeks clarifies that the Bulls can sign two players for the rest of the season today and stay out of the tax if they’re confident Gibson won’t make an All-Defensive Team and trigger the bonus clause in his contract. If they wanted to play it safe in case Gibson does earn such an honor, they’d have to wait until April 3rd to hand out any contract for the rest of the season (Twitter links).

Earlier updates:

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Kings Arena Plan Scores Key Legal Victory

February 27th, 2014 at 12:36pm CST by Chuck Myron

A Sacramento Superior Court judge tossed out a lawsuit that two anti-arena groups had brought against the city after it rejected a petition to put public arena funding up for a vote, report Dale Kasler and Ryan Lillis of The Sacramento Bee. An official with one of the groups says there will be no appeal, Lillis and Kasler write in a separate story, likely ending any serious threat to the beginning of construction on a $448MM new home for the Kings.

The team is facing a league-imposed 2017 deadline to open a new building. The NBA has threatened to strip the Kings from principal owner Vivek Ranadive and his partners if they don’t complete the project on schedule, and the league has also mandated that the team show timely progress. However, commissioner Adam Silver recently visited Sacramento and expressed supreme confidence in the team’s ability to deliver an arena ahead of the deadline.

There are other, less threatening legal hurdles still in place, as Kasler and Lillis explain. Many of the same arena opponents have filed a lawsuit claiming the city distorted the actual value of its arena subsidy, which the city maintains is $258MM. The same judge will rule on that case. The city must also certify an environmental impact report, and that could prompt additional legal challenges. Sacramento is also involved in an eminent domain lawsuit over a portion of the land upon which the arena is to be built. Construction is set to begin in the fall, assuming none of these obstacles cause a delay.

Chris Hansen, the principal investor behind Seattle’s effort to land the Kings last year, made a $100K contribution to the anti-arena group’s petition drive. He implored the arena opponents not to use the signatures gathered with the help of his money after his secret donation became public, but those signatures were nonetheless among those submitted to the city.

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Hawks Sign Mike Muscala

February 27th, 2014 at 12:02pm CST by Chuck Myron

THURSDAY, 12:02pm: Atlanta has officially signed Muscala, the team announced. The release of Dexter Pittman cleared a roster spot enabling the move. The team doesn’t specify whether it’s a 10-day contract or a pact for the rest of the season.

TUESDAY, 8:31am: The Hawks indeed bought out Muscala’s deal with Obradoiro, according to Chris Vivlamore of the Atlanta Journal-Constitution, though it’s not clear just how much the Hawks shelled out. It’s unlikely that it was more than the Excluded International Player Payment Amount of $575K, since anything over that figure would count against team salary and come out of Muscala’s paychecks from the Hawks. The deal between Muscala and Obradoiro was believed to be a one-year contract, Vivlamore adds.

7:39am: The Hawks will sign 2013 second-round pick Mike Muscala, reports Javier Maestro of Encestando. Sportando’s Emiliano Carchia provides translation and further confirmation from agent Misko Raznatovic that the former Bucknell center is on his way to Atlanta. Jorge Sierra of HoopsHype reported Monday that the Hawks had been speaking with Spanish club Obradoiro, for which Muscala has been playing, but Atlanta had yet to extend an offer at that point.

It’s not clear how much money, if any, the Hawks had to pony up to buy Muscala out of his Spanish contract. Muscala signed with Obradoiro this summer, a few months after the Mavs drafted him 44th overall and traded him to the Hawks on draft night. The deal is likely for at least the rest of the season, probably with one more non-guaranteed season tacked on. If it were just a 10-day arrangement, Atlanta would lose his draft rights and he’d be free to sign with any NBA team at the end of the 10 days.

Muscala has averaged 14.6 points and 7.8 rebounds in 26.7 minutes per game in the Spanish ACB league this year. Other European teams had interest in him, but Obradoiro turned away their pursuit, according to Sierra. Atlanta has the NBA rights to another center playing in Spain, but the Hawks can’t sign Lucas Nogueira, the 16th overall pick from this past June, until this coming summer. That’s because the Hawks took his cap hold off their books to clear cap space before the season started.

The Hawks signed Dexter Pittman to a 10-day contract on Saturday, filling their final roster spot, so they’ll have to wait for Pittman’s contract to run out, cut him loose early, or waive a guaranteed contract to facilitate Muscala’s signing.

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Grizzlies Claim Beno Udrih Off Waivers

February 27th, 2014 at 11:51am CST by Chuck Myron

THURSDAY, 11:51am: Memphis has officially announced its waiver acquisition of Udrih.

WEDNESDAY, 4:13pm: The Grizzlies have claimed Beno Udrih off waivers, reports Marc Stein of ESPN.com (Twitter link). Stein also notes that Metta World Peace has cleared waivers. Memphis absorbs Udrih’s minimum salary, and any giveback the point guard agreed to as part of a buyout agreement with the Knicks is now likely null and void. New York no longer owes Udrih any money, since Memphis has assumed his one-year contract.

World Peace is making slightly more than the minimum and has a player option for next season, so it was far less likely any team would put in a claim. World Peace is now a free agent, and his top choices are reportedly to sign with the Thunder, Spurs or Heat. It’s unclear if any of those teams has mutual interest. The Clippers are reportedly interested, though it appears their top priority is pursuing Danny Granger.

The Grizzlies add a cap hit of $884,293 to their books, likely pushing them over the luxury tax threshold. That wouldn’t have been the case if they had waited to sign Udrih as a free agent after he cleared waivers. The Nuggets and Wizards showed interest in trading for Udrih before the deadline, but we didn’t hear any reports about post-deadline interest in the 31-year-old point guard.

Memphis was willing to make a deadline trade that put the team slightly over the luxury tax, according to TNT’s David Aldridge, and that’s indeed what they appear to have done with their claim of Udrih. Ronald Tillery of The Commercial Appeal believes the move signals a lack of confidence in rookie Nick Calathes to handle the backup point guard duties for the rest of the season (Twitter link).

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Hawks Release Dexter Pittman

February 27th, 2014 at 11:46am CST by Chuck Myron

The Hawks have terminated their 10-day contract with Dexter Pittman, the team announced. Presumably, the move is to make way for the signing of Mike Muscala, who reportedly agreed to a deal earlier this week. Pittman becomes a free agent immediately, since 10-day signees don’t have to go through waivers.

Atlanta signed Pittman Saturday, and his contract wasn’t set to expire until Monday night. He appeared in two games for a total of just three minutes, missing his only shot. The Impact Sports Basketball client has played more extensively this season with the D-League’s Austin Toros, notching 9.5 points and 6.0 rebounds in 17.5 minutes per game.

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Jimmer Fredette, Kings Close To Buyout

February 27th, 2014 at 10:31am CST by Chuck Myron

10:31am: The Cavs are indeed interested in Fredette, according to a full story from Stein, who reiterates that the Bulls are also going after the sharpshooter. Stein hears Fredette is strongly considering a playoff-bound team in the East. Fredette and the Kings still haven’t reached agreement on a buyout, but that could happen as soon as today, sources tell Stein.

8:57am: The Cavs are unlikely to have interest in Fredette, unless today’s medical exams on the injured Dion Waiters and C.J. Miles go poorly, as Jason Lloyd of the Akron Beacon Journal explains. Fredette wouldn’t want to sign with Cleveland anyway, according to an earlier report (linked below).

THURSDAY, 8:19am: The Bulls are a contender with an outside chance at landing Fredette, Stein tweets

1:01pm: The former BYU star is leaning against signing with the Grizzlies, according to Stein (on Twitter).

12:12pm: Fredette doesn’t have interest in joining the Cavs, Amico hears (Twitter link). Amico suggested Tuesday that Cleveland could get involved with the former BYU star, but it appears that’s not going to happen.

WEDNESDAY, 11:41am: The buyout is on track to be complete today, tweets Adrian Wojnarowski of Yahoo! Sports.

TUESDAY, 1:00pm: The Grizzlies are in on Fredette, tweets Marc Stein of ESPN.com. Memphis has pursued Fredette via trade since last season, Stein adds in a second tweet.

11:46am: The Cavs had interest in Fredette before the trade deadline, too, tweets Sam Amico of Fox Sports Ohio, who suggests that Cleveland could be in the mix again, even though the trade talks didn’t make much progress. The Jazz have had no discussions about adding Fredette, a source tells Marc J. Spears of Yahoo! Sports (Twitter link).

11:32am: Some in the Warriors front office are high on Fredette, but the team is unlikely to have interest in signing him if he becomes a free agent, according to USA Today’s Sam Amick (Twitter link).

9:20am: The Nuggets had “significant” talks with the Kings about Fredette before the deadline, Wojnarowski notes, pointing out that Denver elected to trade for Aaron Brooks instead (Twitter link). Steve Kyler of Basketball Insiders identifies the Knicks as a “team to watch” in a potential race for Fredette, citing New York’s desire to add three-point shooting as well as potential legal trouble surrounding Raymond Felton (Twitter links). Felton was arrested overnight and faces three counts of criminal possession of a weapon.

8:51am: Jimmer Fredette and the Kings are nearing a buyout agreement, reports Adrian Wojnarowski of Yahoo! Sports. Several teams are expected to have interest in signing the former 10th overall pick for the rest of the season.

Fredette had been a frequent subject of trade rumors, but the Kings couldn’t find a taker for his expiring contract, worth $2,439,840 this year. The Kings declined his 2014/15 option before this season began, setting him up for unrestricted free agency this summer. Now it appears he’ll hit the market even sooner.

The one-time college superstar at BYU has yet to approach that kind of success in the NBA, averaging 7.0 points in 15.0 minutes per game over two and a half seasons. His minutes and scoring have declined in both seasons since his rookie year, and his numbers are just 5.9 PPG and 11.3 MPG in 2013/14. He’s nonetheless improved his three-point accuracy every year, and is up to an impressive 49.3% this season, albeit on just 73 attempts.

The timing of the news is somewhat surprising, since the Kings traded Marcus Thornton to the Nets last week and announced this weekend that Jason Terry will miss the rest of the season, which might have opened up minutes for Fredette. Still, Isaiah Thomas, Ben McLemore and Ray McCallum are all still competing for backcourt playing time.

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Knicks Sign Earl Clark To 10-Day Contract

February 27th, 2014 at 9:35am CST by Chuck Myron

THURSDAY, 9:35am: The signing is official, the team announced via Twitter.

TUESDAY, 8:57pm: Clark’s deal with New York is a 10-day contract, according to Chris Broussard of ESPN (Twitter link).

3:58pm: The Knicks and free agent forward Earl Clark are finalizing an agreement on a new deal, according to Adrian Wojnarowski of Yahoo! Sports. It’s unclear whether it’ll be a 10-day contract or an arrangement that covers the rest of the season. Wojnarowski first reported earlier this afternoon that the team was in pursuit, and Frank Isola of the New York Daily News noted a deal was a strong possibility after Clark met with coach Mike Woodson and GM Steve Mills.

New York has been linked to Ike Diogu, Lester Hudson, Tiny Gallon, Dahntay Jones and Jimmer Fredette in the past two days as the team has sought to fill a pair of roster spots opened via buyout agreements with Metta World Peace and Beno Udrih. Clark has played both forward positions over the past couple of seasons. The 14th overall pick in the 2009 draft had some of the best performances of his career last year with the Lakers, but he regressed after signing a two-year, $8.5MM deal with Cleveland in the summer. The Cavs traded him to the Sixers at the deadline, who waived him less than 24 hours later.

It’ll be a prorated minimum-salary pact for the Kevin Bradbury client, since the Knicks can’t offer anything else, but New York is in line to pay 3.25 times the amount of his cap hit in luxury taxes on the deal. Clark will likely forfeit a tiny portion of his $4.25MM guaranteed salary from the Cavs, thanks to Cleveland’s set-off rights.

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