Cavs, Pelicans Close To Alonzo Gee Deal
2:48pm: The Cavaliers have other means to acquire Haywood from the Hornets as planned, and it’s also possible that Gee winds up in the Pelicans’ deal with the Rockets for Asik, according to Stein (Twitter links).
2:13pm: The Cavs and Pelicans are close to a deal that would send Alonzo Gee to the Pelicans, tweets Marc Stein of ESPN.com. Stein casts it as part of an effort from Cleveland to clear max cap room for LeBron James, but it was believed that Cleveland already had max cap room for James, and that the Cavs had agreed to a deal that would send Gee to the Hornets. Additionally, sending Gee away wouldn’t create any extra cap flexibility, because his $3MM is non-guaranteed. Gee indeed isn’t part of the Haywood deal, Stein adds (Twitter link).
Gee makes sense as an acquisition for the Pelicans, who are also trying to clear cap room to facilitate their deal to acquire Omer Asik from the Rockets. Ostensibly, it seems they would be sending salary to Cleveland, so perhaps the Cavs are in other talks to clear salary, though that’s just my speculation.
New Orleans has reportedly considered waiving former No. 10 overall pick Austin Rivers to make room for Asik, but if the Pelicans acquire Gee and give up salary, they might be able to create the requisite cap room by waiving Gee instead.
Rockets, Lakers Close To Jeremy Lin Deal
1:53pm: The Lakers would send cash and the rights to a draft-and-stash prospect playing overseas, but no salary, to Houston, according to Wojnarowski (Twitter link).
1:50pm: A future first-round pick and other draft considerations would accompany Lin from the Rockets to the Lakers as part of the deal the teams are nearing, Wojnarowski adds (on Twitter).
1:40pm: The Rockets and Lakers are finalizing a deal that would send Lin to the Lakers, tweets Adrian Wojnarowski of Yahoo! Sports.
12:54pm: The Rockets are attempting to trade Jeremy Lin to the Lakers, reports Marc Stein of ESPN.com (Twitter link). A report earlier this week indicated that Houston had a deal in place to send Lin to the Sixers, though Bob Cooney of the Philadelphia Daily News wrote earlier today that the sides were merely discussing such a deal. Houston is trying to get rid of Lin’s salary in an effort to clear cap room for Chris Bosh, whom the Rockets believe will commit to them soon.
The Lakers missed out on LeBron James, and it seems as though Carmelo Anthony has narrowed his choices to the Knicks and Bulls, so that might motivate the Lakers to take on Lin’s expiring contract and concentrate instead on next summer’s free agent market. Lin’s cap hit for the coming season will be close to $8.4MM, but because of his backloaded deal signed via the Gilbert Arenas Provision, he’ll make close to $15MM in actual salary.
Cavs Pursuing Kevin Love
12:33pm: Multiple executives from around the league indicated to Ken Berger of CBSSports that Wiggins would be in play in a Cavs trade for Love, which runs counter to earlier reports (Twitter link).
FRIDAY, 8:09am: Belief that the Cavs wouldn’t part with Wiggins in a trade for Love continues to grow, tweets Darren Wolfson of 1500 ESPN Twin Cities, and a Cavs source told Sam Amico of Fox Sports Ohio on Thursday that Wiggins is untouchable (Twitter link).
WEDNESDAY, 5:07pm: Rival executives tell Chris Mannix of SI.com that the Wolves are giving no indication that they are in a rush to make a deal with Cleveland (Twitter link).
4:24pm: Wiggins would have to be part of any deal for Love, Krawczynski tweets.
4:01pm: The Cavs are indeed pursuing a trade for Love contingent on their ability to sign James, tweets Adrian Wojnarowski of Yahoo! Sports.
1:24pm: The Cavs spoke to agent Rich Paul, the representative for LeBron James, about trade scenarios that would allow Cleveland to acquire Kevin Love, report Sam Amico and Zac Jackson of Fox Sports Ohio. Cavs officials told Paul that engineering such a trade wouldn’t be easy, a source tells Amico and Jackson, and the source added that Cleveland is reluctant to include Andrew Wiggins in a Love trade. Wiggins’ camp doesn’t believe the Cavs are considering trading him, according to USA Today’s Sam Amick (Twitter link).
Cleveland and Minnesota have reportedly engaged in exploratory discussions regarding Love, but those apparently came to an end when the Cavs learned that Love, who can hit free agency next year, wouldn’t re-sign with them. That would change if the Cavs can sign James, as Love is “100%” on board with the idea of staying in Cleveland long-term to play with the four-time MVP, as ESPN’s Chris Broussard reported late last month.
There’s plenty of competition for Love, and Wolves president of basketball operations Flip Saunders seems in no rush to deal his star power forward, even though it’s clear he wants to leave Minnesota. It’s indeed difficult to imagine Saunders giving the OK to deal with Cleveland that didn’t include Wiggins, as Jon Krawczynski of The Associated Press observes (on Twitter), but the Cavs aren’t without other intriguing trade assets, one of which I explained Tuesday.
Rockets, Sixers In Talks On Jeremy Lin Deal
FRIDAY, 12:19pm: The Rockets and Sixers are currently in talks about a Lin deal, but no agreement has been reached, a source tells Bob Cooney of the Philadelphia Daily News (Twitter link).
WEDNESDAY, 11:55pm: The Rockets have a deal in place to send Jeremy Lin to the Sixers if Houston is able to sign Chris Bosh, league sources tell Mitch Lawrence of New York Daily News. The trade would give the Rockets needed cap flexibility in their attempt to make room for Bosh.
The Sixers were reportedly open to such a trade, but wanted to receive a first rounder from Houston as part of the agreement. Lawrence doesn’t report the specifics of compensation, but it seems likely Philadelphia’s demand has been met. That’s speculation on my part, since the Sixers would appear to have more leverage considering the Rockets are being squeezed into a three-day window to have any chance of securing Bosh alongside Chandler Parsons, who agreed to sign a max offer sheet with Dallas that Houston will have 72 hours to match or decline.
The move would work in conjunction with Houston’s pending agreement to send Omer Asik to the Pelicans, which still depends upon New Orleans’ ability to clear salary before taking back the big man’s contract. Lin and Asik have identical contracts that include a balloon payment exceeding the cap hit in the final year, which is the approaching 2014/15 season.
Pacers Sign C.J. Miles
JULY 11TH: The Pacers formally announced the signing via press release, making it official.
“We’re very glad to have C.J. and he really wanted to be here,” president of basketball operations Larry Bird said. “He brings versatility to the small forward and shooting guard positions. He’s a great shooter and scorer. We think he’ll fit nicely with the culture of our team.”
JULY 2ND: The Pacers have reached agreement with C.J. Miles on a multiyear deal, reports Candace Buckner of the Indianapolis Star (Twitter link). It’s a four-year, $18MM pact, according to Adrian Wojnarowski of Yahoo! Sports (on Twitter). Wojnarowski wrote earlier that the Pacers envisioned using part of their $5.03MM non-taxpayer’s mid-level exception on Miles after committing a portion of it to Spanish league sharpshooter Damjan Rudez.
The Adrian Clark client and Pacers officials had been set to meet Tuesday as Indiana’s interest became clear. The Pacers moved quickly on the former Cavalier, and have been the league’s most active team in free agency so far, coming to terms with Rudez as well as the undrafted Shayne Whittington. The movement comes after news of an impasse between the club and Lance Stephenson, and money for Stephenson beneath the tax line for Indiana is quickly drying up. The team also reportedly has interest in Rodney Stuckey.
Miles, 27, averaged 9.9 points and 39.3% three-point shooting in 19.3 minutes per game for Cleveland this past season, starting 34 contests. The deal with Indiana is the most lucrative of his nine-year NBA career, as he topped out at $3.7MM annually with the Jazz, according to Basketball-Reference.
Photo courtesy of USA Today Sports Images
Pacers Re-Sign Lavoy Allen
JULY 11TH: The signing is official, the team announced via press release.
“We’re very happy to have Lavoy back,” Pacers president of basketball operations Larry Bird said. “When he had the opportunity to play, he played well. He fits in with what we’re trying to accomplish here and every day he’s committed to getting better.”
JULY 5TH: The Pacers have reached a deal with Lavoy Allen to keep him in Indiana, tweets Chris Broussard of ESPN.com. The two sides reached agreement late last night, according to Candace Buckner of The Star (on Twitter).
The Pacers declined to extend a qualifying offer to Allen on June 30th, but there was still mutual interest in working out a new deal. Less than a week later, the forward found his way back to the Pacers. Allen came to the Pacers in the February deal that brought Evan Turner to Indiana.
In 65 games for the Sixers and Pacers last season, Allen averaged 4.7 PPG and 4.8 RPG in 16.5 minutes per contest.
Pacers Sign Damjan Rudez
JULY 11TH: The deal is official, the team announced via press release.
“Damjan is one of the best shooters in Europe,” Pacers president of basketball operations Larry Bird said. “With his size and knowledge, he can play two positions for us. He has experience, maturity and really knows how to play. He had a number of options, he chose us and we’re thrilled he did. We look forward to having him in a Pacer uniform.”
JULY 2ND: 2:43pm: Rudez will make $1.1MM next season, multiple sources tell Grantland’s Zach Lowe (Twitter links). That together with the team’s other deals puts the Pacers about $5MM below the projected luxury tax line, Lowe estimates.
11:08am: Deeks confirms Scola’s salary is now roughly 50% guaranteed for this season, though the precise guarantee remains unclear (Twitter link).
10:27am: The move will not affect Scola’s status, as he remains in the team’s plans, a source tells Candace Buckner of the Indianapolis Star (Twitter links). Buckner cites Scola as having a $2.5MM partial guarantee, and while Mark Deeks of ShamSports lists that guarantee at $940,946, he adds that it’s subject to increase via bonus clauses. It’s not clear whether those bonuses have taken effect, but Buckner seems to suggest they have.
9:47am: The Pacers have reached agreement on a three-year deal with Spanish league power forward Damjan Rudez, reports Adrian Wojnarowski of Yahoo! Sports. Rudez will receive a portion of the club’s $5.305MM non-taxpayer mid-level exception, while the team hopes to use the rest of it on C.J. Miles as it pursues the Cavs swingman, according to Wojnarowski.
Indiana was among several teams reportedly interested in the 27-year-old Rudez as of last month. The Raptors, Jazz and Cavs were also in the mix, and Cleveland was apparently working toward a deal with him. He put on quite a shooting display and felt comfortable at a Cleveland mini-camp recently, tweets David Pick of Eurobasket.com. Rudez, variously listed at 6’8″ and 6’10”, was only a part-time starter for CAI Zaragoza this past season, but his 47.3% three-point shooting on 4.1 attempts per game is surely what had teams so excited.
The timing of the deal is curious considering the report from earlier this morning that talks with Lance Stephenson had struck an impasse. Indiana has limited flexibility beneath the projected $77MM tax line, one which the franchise has made a point of not crossing. The addition of another power forward with such tight finances might spell the end of Luis Scola‘s time in Indiana, since his salary of more than $4.868MM is only guaranteed for less than $1MM.
LeBron James Rumors: Friday
As agent Rich Paul pushes for the return of LeBron James to the Cavs, Cleveland executives were told to clear max cap room for him, writes Adrian Wojnarowski of Yahoo! Sports. The execs pressured their counterparts with the Celtics and Nets to finish the final paperwork on this week’s three-team trade, Wojnarowski reports. The Cavs believed they had to get that cap room open as quickly as possible Thursday, and they started calling the agents of players who would serve as role players on a contending team, as Wojnarowski hears. They operated with the belief that James would be coming, as the Yahoo! scribe chronicles, pointing out that yet they hadn’t received confirmation from James himself. While the Cavs, Heat, and most of the rest of the league simmer at a virtual standstill awaiting this year’s version of The Decision, here’s the latest on the No. 1 player in the Hoops Rumors Free Agent Power Rankings:
- Wade is still unsure of which team James will sign with after riding with James on a flight from Las Vegas to Miami within the past several hours, Wojnarowski tweets.
Earlier updates:
- One executive called described Paul’s meetings with teams last week as a waste of time, Wojnarowski notes in the same piece linked at the top of this post.
- James left Wednesday’s meeting with Heat president Pat Riley and GM Andy Elisburg unconvinced, but James and Heat teammate Dwyane Wade have been spending time together over the last day or so, as Wojnarowski details.
- A source tells Chris Broussard of ESPN.com that one of the reasons that James remains undecided is that he’s still stung by the infamous comic sans letter that Cavs owner Dan Gilbert wrote in response to James’ departure for Miami in 2010. The idea that the letter is a sticking point in any return to the Cavs would be news to the Cleveland organization, which has never received any such indication, tweets Sam Amico of Fox Sports Ohio.
Warriors Sign Shaun Livingston
JULY 11TH: The signing is official, the Warriors announce via press release.
“We are very happy that Shaun made the decision to join our team,” Warriors GM Bob Myers said. “He is a veteran player who, we believe, adds a lot to our roster with his versatility. He possesses the size and skills to play both backcourt positions, which will provide Coach Kerr with added depth and options throughout the season.”
JULY 1ST: The Warriors have reached agreement on a deal with free agent point guard Shaun Livingston, league sources tell Adrian Wojnarowski of Yahoo Sports (via Twitter). It’ll be a three-year deal with a partial guarantee in the final season of the contract, Wojnarowski adds (on Twitter). Livingston will earn $16MM, which is the full midlevel exception, according to Sam Amick of USA Today (on Twitter). Golden State is hard-capped at a projected $81MM after using the full mid-level on Livingston, tweets Ken Berger of CBSSports.com.
The Spurs, Wolves, Kings, Hornets, and Magic all reached out to the 6’7″ guard at the official start of free agency. The Warriors weren’t as heavily linked to Livingston, but it appears that they have come away with one of the more impressive reserve one guards in this year’s free agent crop.
The Nets were facing an uphill battle to keep Livingston in Brooklyn. The guard’s decision to sign with the Nets for the veteran’s minimum last summer was largely tied to his relationship with coach Jason Kidd, who will now be manning the sidelines in Milwaukee. Since Brooklyn is a taxpaying team and only own Livingston’s Non-Bird Rights, the Nets were only able to offer him a contract with a starting salary of $3.278MM through the taxpayer’s mid-level exception, which is smaller than the non-taxpayer’s version he’ll be receiving. After resurrecting his career last season, Livingston found a much better payday elsewhere. His Non-Bird rights would have afforded him just 120% of the minimum salary for next season, which meant it was taxpayer’s mid-level or bust for Brooklyn.
Photo courtesy of USA Today Sports Images
Magic Sign Ben Gordon
JULY 11TH: The deal is official, the team announced via press release.
“Ben brings valuable experience to our team,” GM Rob Hennigan said in the team’s statement. “His competitiveness and ability to score and stretch the floor adds versatility to our backcourt and overall roster. We are excited to welcome Ben to the Orlando Magic family.”
JULY 2ND: The Magic and Ben Gordon have struck a deal on a two-year, $9MM arrangement, tweets Adrian Wojnarowski of Yahoo! Sports. The second year is a team option, according to TNT’s David Aldridge (Twitter link). That’s a shocking amount for the shooting guard who ended last season out of the league after Charlotte waived him in March.
Orlando has made several cap clearing moves in recent days, but it’s nonetheless odd to see the team lob such a high-dollar offer Gordon’s way. There are no real teeth to the NBA’s minimum team salary rules, since the penalty for not reaching that amount holds that a team simply must distribute the difference between its team salary and the salary floor among its players.
The deal is a coup for agent Raymond Brothers. The Bulls, Clippers, Rockets and Thunder reportedly had interest in Gordon when he and the Bobcats were working on their buyout, but Charlotte wound up waiving him one day too late for him to participate in the playoffs with another team, an oddly timed move. Gordon was apparently reluctant to sign with some of those interested teams anyway, since they were dangling two-year deals that would have prevented him from hitting free agency this summer. As it turns out, that reluctance was wise.
Gordon, 31, played in just 19 games this past season, averaging career lows in points per game (5.2), minutes per game (14.7), and three-point shooting (27.6%), among a host of other categories. Once a feared sixth man, the Pistons dealt him to Charlotte in a 2012 deal that ultimately cost them the No. 9 overall pick this year to rid themselves of the last two years of his five-year, $58MM contract.