Rockets, Pelicans, Wizards Swap Ariza, Asik, Ely
2:19pm: The deal is official, the Pelicans have announced. New Orleans is folding Scotty Hopson into the trade after acquiring him over the weekend, marking the third trade for Hopson’s non-guaranteed contract in less than a week. So, It’s Asik, Casspi and $1.5MM to the Pelicans, Ariza, Gee, Hopson and a protected 2015 first-round pick to the Rockets, and Ely to the Wizards.
TUESDAY, 10:23am: The NBA has given its approval for the trade, and a formal announcement is forthcoming, according to John Reid of The Times Picayune (Twitter link).
SUNDAY, 7:55pm: Ely will not be retained by the Wizards, tweets J. Michael of CSNWashington.com.
5:59pm: Ariza will go to Houston on a three-way deal, according to David Aldridge of NBA.com (on Twitter). The Pelicans will get Omer Asik, Omri Casspi, and $1.5MM from the Rockets. Houston will get Ariza from Washington, Alonzo Gee, and a protected 2015 first-round choice from New Orleans. The Wizards will take on the non-guaranteed contract of Melvin Ely from New Orleans while receiving a $8.5MM trade exception (link).
Of course, Asik was already headed to the Pelicans in exchange for the 2015 first-rounder. Now, the deal has been expanded to help facilitate the Ariza sign-and-trade. Gee, meanwhile, has now been traded twice inside of a week.
5:08pm: The Rockets will acquire Trevor Ariza in a sign-and-trade deal with the Wizards, according to Adrian Wojnarowski of Yahoo Sports (on Twitter). The Wizards will get a $8.5MM trade exception by making the deal, but it’s not clear what they’ll be sending to Houston in the trade.
The Rockets and Ariza agreed on a four-year, $32MM deal yesterday. A number of teams were rumored to be interested in the sharpshooter’s services, but the Rockets came out on top. Ariza will try and help fill the void at small forward for Houston now that Chandler Parsons is Dallas-bound.
Ariza’s contract is structured on a declining scale, according to Sam Amick of USA Today. He will earn $8.6MM this season, and $8.2MM, $7.8MM, $7.4MM, in the following years. Ariza could have served as a stretch four alongside Dwight Howard if Parsons was retained, but he’ll now line up at his natural position.
In 77 games with the Wizards last season, the Rob Pelinka client averaged 14.4 points and 6.2 rebounds per night. He shot 40.7% from beyond the arc, well above his career mark of 34.7%. Ariza, 29, played in Houston during the 2009/10 season.
While Ariza is a nice addition, it goes without saying that this wasn’t the summer the Rockets had in mind.
Grizzlies Re-Sign Beno Udrih
JULY 15TH: The deal is official, the team announced via press release.
JULY 10TH: 3:31pm: The sides have reached agreement, tweets Ronald Tillery of The Commercial Appeal. The second year is partially guaranteed, Tillery adds.
3:07pm: Point guard Beno Udrih has given his commitment to stay in Memphis, and a deal is set to be complete today, tweets Marc Stein of ESPN.com. It’ll be a two-year contract for the biannual exception, Stein adds (Twitter link). The full value of the biannual is $2.077MM for 2014/15 and a total of $4,247,465 over two years.
The 32-year-old Marc Cornstein client will end up with a raise from the minimum-salary contract he signed last summer with the Knicks. New York waived him along with Metta World Peace shortly after the trade deadline, but Memphis claimed him off waivers, a move that paid dividends when the NBA suspended backup point guard Nick Calathes for the playoffs. Udrih, who played only 55 regular season minutes for the Grizzlies, stepped into the rotation for the postseason and averaged 7.9 points and 1.7 assists in 16.4 minutes per game.
The move seems to cast doubt on the future of Calathes, who’s on a non-guaranteed deal that becomes fully guaranteed if Memphis doesn’t waive him by the end of this coming Tuesday. Calathes has a pair of lucrative overseas offers waiting for him if the Grizzlies cut him loose. Still, Grizzlies coach Dave Joerger has signaled that the team intends to keep Calathes.
Pelicans Sign Russ Smith
JULY 15TH: The deal is official, the team announced via press release.
JULY 9TH: The Pelicans have agreed to sign former Louisville point guard Russ Smith, the 47th overall pick in this year’s draft, to a guaranteed contract, as Louisville coach Rick Pitino told reporters, including Jeff Greer of The Courier-Journal (Twitter link). The length of the contract and the amount of guaranteed money aren’t immediately clear. The Pelicans acquired the rights to Smith in a draft-night trade that sent the rights to last year’s second-rounder Pierre Jackson to Philadelphia.
Smith was a consensus All-American this past season as a senior for the Cardinals, averaging 18.2 points and 4.6 assists in 29.3 minutes per game. He also shot 38.7% from behind the three-point line. That percentage along with his assists average were significant increases from 2012/13, when he helped lead Louisville to the national championship.
The 6’1″ 23-year-old appears to be the first 2014 second-round pick who’s agreed to a deal, as our list of 2014 Draft Pick signings shows.
Heat Notes: LeBron, Bosh, Chalmers, Wade
The Bulls were among the teams with which agent Rich Paul took meetings to discuss LeBron James during the first week of free agency, as Ramona Shelburne and Brian Windhorst of ESPN.com reveal in a behind-the-scenes look at LeBron’s choice. Regardless, James was no longer willing to accept being underpaid, as Windhorst examines in a separate piece. James decided before free agency began that he’d take a max contract, and no matter where he would end up, he would demand a deal with a player option after year one, Windhorst writes. James wants to continue to sign short-term deals for the foreseeable future to maintain flexibility in case the maximum salary jumps or is eliminated in the next collective bargaining agreement, as Windhorst explains. He also wants to keep the pressure on Cavs brass to improve the team around him, the ESPN scribe adds. Here’s more on the Heat as they pick up the pieces after LeBron’s departure:
- It wasn’t merely a two-team race between the Rockets and Heat for Chris Bosh, as the Nuggets, Suns and Lakers all made offers to the No. 3 player in the Hoops Rumors Free Agent Power Rankings, reports Tom Haberstroh of ESPN.com.
- The Heat’s contract with Mario Chalmers calls for him to make $4MM for this coming season and $4.3MM in 2015/16, Windhorst tweets. The ESPN scribe pegs the likely salary for Dwyane Wade at $15MM based on the Heat’s other moves this summer and the cap space the team still has available (Twitter link).
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Miami renounced its rights to Ray Allen, Udonis Haslem Michael Beasley, Toney Douglas, James Jones, Rashard Lewis, Greg Oden and the retired Shane Battier and Juwan Howard, tweets Eric Pincus of Basketball Insiders. That’ll make it difficult to re-sign Allen, but the team continues moving toward a new deal with Haslem, according to Ira Winderman of the Sun Sentinel. The Heat would likely use either cap space or the $2.732MM room exception on Haslem.
Pacific Rumors: Warriors, Lakers, Clippers, Pierce
The Warriors have been closely linked to Kevin Love trade talk for several weeks, but Golden State GM Bob Myers doesn’t think his team needs a drastic upgrade, as he told Bob Fitzgerald Monday on KNBR radio. Diamond Leung of the Bay Area News Group has the transcription.
“What I think people often do and maybe sometimes make the mistake doing is pull the trigger quickly on your roster without giving it time to develop,” Myers said. “And we think we’ve got a lot of youth, and we do think we’ve got a higher ceiling than 51 [wins last season]. We like our roster. Obviously if you’re not good enough, you’ve got to make changes, but we think we’re good.”
Here’s more from the Pacific Division:
- Perceived Lakers coaching front-runner Byron Scott has already interviewed for the job three times, but he’d likely need to go through another interview before he could be named coach, a source tells Dave McMenamin of ESPNLosAngeles.com. GM Mitch Kupchak said in an appearance Monday on NBA TV that he believes the team will make a hire in the next couple of weeks, as McMenamin notes.
- Clippers coach/executive Doc Rivers believes the franchise’s muddied ownership situation is taking its toll during free agency, as Sean Deveney of The Sporting News details. “It has hurt us some this summer,” Rivers said. “You go in to talk to a free agent and most guys, teams will bring their owner. I go in, looking like this, by myself. I don’t know what effect that has had but that’s not been great for us.”
- The Clippers fell short in their pursuit of a sign-and-trade for Paul Pierce, and while previous reports indicated that the Nets had no interest, Brooklyn would have been on board if a third team were involved to absorb players from the Clippers, tweets Chris Mannix of SI.com.
- Darren Collison indeed received slightly less than the $5.305MM mid-level exception from the Kings, and his salary will be $4,797,664 for the coming season, according to Eric Pincus of Basketball Insiders.
Thunder Sign Sebastian Telfair
JULY 15TH: The Thunder have officially signed Telfair, the team announced in a press release.
“His competitiveness and work ethic have complimented his on-court leadership skills throughout his career, and we are excited to be able to integrate these qualities into our team,” GM Sam Presti said as part of the team’s statement.
JULY 3RD: The Thunder and Sebastian Telfair have reached agreement on a one-year, minimum salary deal, reports Chris Haynes of CSNNW.com. The nine-year NBA veteran is returning to the league after spending last season playing in China.
The Grizzlies, Nets and Spurs had also expressed interest in the ASM Sports client. Memphis in particular seemed keen on the 29-year-old, as coach Dave Joerger acknowledged a few weeks ago that the team was eyeing Telfair.
The former 13th overall pick last played in the NBA for the Raptors in 2012/13, averaging 4.3 points and 3.0 assists in just 14.2 minutes per game across 13 appearances after coming via midseason trade with the Suns. He’s never averaged double figures in points and has only topped five assists per game in one NBA season, but while he hasn’t exactly lived up to the pedigree of a lottery pick, he’s proven a capable backup. That’s apparently the role for which the Thunder envision him, with Reggie Jackson having asked to start, as Haynes notes, and Derek Fisher off to coach the Knicks.
The contract won’t put much of a dent in the Thunder’s flexibility beneath the projected $77MM tax line, and that’s especially true since it’s a one-year arrangement. It’ll only cost roughly $915K to OKC even though he’ll make nearly $1.317MM. The league pays the difference, as I explained earlier.
Spurs Re-Sign Boris Diaw
JULY 15TH: The deal is official, the Spurs announced via press release.
JULY 6TH: Spurs forward Boris Diaw announced on Twitter that he’ll be re-signing with the Spurs. It’s a three-year, $22.5MM deal, according to Adrian Wojnarowski of Yahoo Sports.
The 32-year-old was a key part of the Spurs’ championship team and his return was considered a vital part of management’s plan to compete for a sixth franchise title next season. The third year of Diaw’s deal is partially guaranteed, according to sources. Diaw is guaranteed $15.5MM over the first two years of the deal.
Spurs GM R.C. Buford and Diaw’s agent Doug Neustadt completed the deal earlier today. With Diaw’s return set, the Spurs will continue their pursuit of free agent Pau Gasol with an offer of their midlevel exception, league sources tell Wojnarowski.
The deal includes protections for the Spurs’ salary-cap space should the organization change direction in the next few years and move toward a rebuild. In his 11 NBA seasons with Atlanta, Phoenix, Charlotte and San Antonio, Diaw has averaged 9.1 points, 4.7 rebounds and 3.7 assists per game.
Ricky Rubio Seeks Five-Year Max Deal
Dan Fegan is aiming high for client Ricky Rubio in rookie scale extension talks with the Timberwolves, asking for a five-year, maximum-salary deal, reports Darren Wolfson of 1500 ESPN Twin Cities (Twitter link). It’s unclear how steadfastly Fegan will stick to that price, but it seems an indication that he and Rubio are in no mood to accept a discount after a season in which the point guard failed to crack 10 points per game in spite of career-best averages in assists (8.6) and turnovers (2.7).
The sides opened extension talks on July 1st, the first day such negotiations could begin. Rubio is eligible to sign an extension anytime before October 31st, and he’d be set for restricted free agency next summer if no extension happens by that date. A five-year deal would make him the team’s Designated Player, meaning no other player coming off a rookie scale contract would be eligible for an extension of that length as long as Rubio’s extension is on Minnesota’s books.
Jerry Zgoda of the Star Tribune wrote in April that he expected Fegan to ask for a deal closer to the max than to Stephen Curry‘s bargain four-year, $44MM deal, so the Wolves likely expected tough negotiations, even if they weren’t quite prepared for Fegan to go for the max. The precise value of a maximum-salary extension for Rubio wouldn’t be known until next July, after he already would have signed it, but John Wall‘s five-year max extension with the Wizards, which kicks in for this coming season, will total $84,789,500.
Pistons Waive Josh Harrellson, Peyton Siva
The Pistons have waived Josh Harrellson and Peyton Siva, according to a trio of reports. There’s been no official statement from the team, but Eric Pincus of Basketball Insiders, Mark Deeks of ShamSports and Vincent Goodwill of The Detroit News are all reporting that the team has released both of them (All Twitter links). Shams Charania of RealGM reported late Monday that the Pistons intended to waive Siva (Twitter link).
Both were on non-guaranteed minimum-salary contracts that were to become fully guaranteed if the Pistons didn’t waive them on or before July 20th. Siva’s guarantee date was listed as July 12, but multiple sources recently cited the date as July 20th, as I noted Monday. The team’s five contract agreements so far in free agency gave the team 16 players, so the releases of Siva and Harrellson help alleviate that numbers crunch, bringing the total down to 14. Detroit would be back up at 15 if it brought back restricted free agent Greg Monroe.
The Pistons also renounced their rights to Rodney Stuckey, Chauncey Billups and Charlie Villanueva, meaning they can’t exceed the salary cap to re-sign any of those players. That likely means none of them will be back with the team, Stuckey in particular.
Siva saw action in just 24 NBA games last season, averaging 9.3 minutes per contest, after the Pistons drafted him 56th overall in 2013. Harrellson, a three-year veteran, saw slightly more time, getting in 32 games and averaging 9.9 MPG.
And-Ones: Davis, Pacers, Thunder, Miller
Baron Davis is preparing himself for a return to the NBA this fall, reports Jared Zwerling of Bleacher Report (Twitter links). When asked what offensive system he likes, Davis said the Clippers’ and the Warriors’. Davis feels like he can play 15-20 minutes per game next year, notes Zwerling.
Here’s more from around the league:
- Mike Miller is leaning towards signing with the Cavaliers, but the Nuggets are still in play for the free agent’s services, tweets Jeff Goodman of ESPN.com.
- With LeBron James headed back to Cleveland, and Pau Gasol on his way to Chicago, the Central Division has gotten much tougher for the Pacers, writes Michael Marot of The Star Tribune. This makes re-signing Lance Stephenson even more of a priority, opines Marot.
- Thunder assistant coach Brian Keefe will join Derek Fisher‘s coaching staff in New York, reports Darnell Mayberry of the Oklahoman.
- The Thunder have to keep building their roster through the draft because the franchise is continuing to have difficulty luring free agents to Oklahoma City, writes Jon Hamm of ESPN.com.
- With many of the biggest names in free agency now spoken for, Fred Kerber of The New York Post runs down the winners and losers in free agency thus far.
- The Mavericks aren’t done upgrading their roster, writes Dwain Price of the Fort Worth Star-Telegram. President of basketball operations Donnie Nelson said, “We’re always looking for help in the backcourt, with an eye on 3-point shooting, and then kind of a rangy defender would be nice as well. We’re still in search of those, but those spots don’t necessarily need to be filled through free agency. Obviously there are trades and all kinds of other ways you can do that.”
- The Warriors may be interested in free agent Brandon Rush, writes Diamond Leung of the Bay Area News Group. Rush averaged 9.7 PPG and 3.8 RPG in 67 games with Golden State before getting injured last season. GM Bob Myers said of Rush, “Rush was great. Everybody that’s been a fan saw how good he was for us, so if he’s healthy, and he can play, which we hear he can — we’ll go watch him and see — it’s a good addition if we could get him. You don’t know what the price would be, but we like Brandon.” The article also notes that Rush is scheduled to hold a workout for interested teams soon.