League OKs Tony Ressler’s Purchase Of Hawks
Private equity mogul Tony Ressler and his partners have officially assumed control of the Hawks after receiving unanimous Board of Governors approval today, the league announced. Controlling owner Bruce Levenson, who last September announced his decision to sell as he self-reported racially insensitive emails that he had sent in 2012, and the rest of an often-divided consortium of co-owners have relinquished the team in the $730MM deal. The Ressler group is also assuming some $120MM in arena-related debt, raising the total purchase price to $850MM, as several reports made clear in April, when Ressler and his partners secured an agreement to buy the team. USA Today’s Jeff Zillgitt reported a few days ago that league approval and the transfer would take place today.
“We are pleased that the NBA’s Board of Governors has approved the purchase of the Atlanta Hawks by principal owner Tony Ressler,” commissioner Adam Silver said. “Tony and his diverse and experienced ownership group will bring tremendous energy and passion to the Hawks and the team and its fans will greatly benefit from their commitment to the Atlanta community.”
Former player Grant Hill, private equity investor Rick Schnall, women’s wear magnate Sara Blakely and her husband, entrepreneur Jesse Itzler, are among those in Ressler’s group. They beat out another bid that reportedly involved baseball legend Hank Aaron as well as former Grizzlies CEO Jason Levien and current Grizzlies minority owner Steve Kaplan. Former Suns and Raptors GM Bryan Colangelo, former player Junior Bridgeman and neuropsychologist Richard Chaifetz also apparently teamed for a run at the Hawks as part of a bid that once included Hill.
The new owners appear poised to work on a deal that would make Mike Budenholzer team president and coach, as well as one that would give assistant GM Wes Wilcox a promotion to GM, as Adrian Wojnarowski of Yahoo! Sports reported last week. Former GM Danny Ferry received a buyout earlier this week that gave him more than he would have received over the remainder of his contract, according to Kevin Arnovitz of ESPN.com. Ferry had been on a leave of absence since September that he began after the revelation that he repeated racially charged comments about Luol Deng that had been written in a scouting report from an outside firm. The departures of Ferry and Levenson allow the team to move on from the scandal that hung in the background amid the team’s 60-win season.
Ressler and the front office face a challenge this summer to retain both Paul Millsap and DeMarre Carroll with only Early Bird rights on them and perhaps not enough cap space to meet their collective market price, as I examined in our Offseason Outlook for the team. Atlanta holds the 15th, 50th and 59th picks in Thursday’s draft.
Suns To Pursue Kevin Love; Blazers Eye Him
The Suns promise to be an aggressive suitor with Kevin Love headed for free agency, reports Adrian Wojnarowski of Yahoo! Sports, and the Blazers are likely to go after him if LaMarcus Aldridge leaves Portland, according to Marc Stein of ESPN. Many executives around the league expect Aldridge to depart, Stein writes, leaving room for Love, an Oregon native.
The Cavs remain the front-runners for Love, who’s insisted repeatedly that he wants to stay in Cleveland, Wojnarowski tweets, but the possibility remains that he’ll listen to pitches from the Celtics and Lakers, Wojnarowski adds. He doesn’t mention either Phoenix or Portland in that context, and it’s unclear if either team would be on Love’s wish list if he changes his mind about the Cavs. LeBron James doesn’t intend to put on a recruiting effort to keep Love, believing that the power forward understands the opportunity he has to continue with a Cleveland team that appears poised to be a perennial contender, according to Chris Haynes of the Northeast Ohio Media Group (Twitter link).
Phoenix has only about $43MM in guaranteed salary against a projected $67.1MM cap, and while much of that appears to be earmarked for a new deal for Brandon Knight, his cap hold is less than $8.885MM, so Phoenix won’t necessarily have to contend with an eight-figure number on the books for him as it goes after other free agents. It still knocks the team out of max-level territory for Love, so Phoenix likely would have to either renounce Knight or swing a trade. Conflicting reports paint a somewhat confused picture about whether the Suns are shopping Eric Bledsoe.
The Blazers have only about $25MM in commitments for next season with three fifths of their starting lineup bound for free agency. Still, Damian Lillard‘s rookie scale contract runs through next season, and while he’ll seek a max extension this summer that wouldn’t kick in until 2016/17, he seemingly remains an alluring would-be partner for another star if Aldridge indeed departs.
Spurs, Thunder Discuss Pick Swap
The Spurs are thinking about moving up from pick No. 26 and have talked to the Thunder about a deal that would give them the No. 14 pick, reports Alex Kennedy of Basketball Insiders (Twitter link). Presumably, the Spurs would have to include at least one other asset to accommodate such a deal, though it’s unclear what that would be.
Oklahoma City already has 13 players with guaranteed salaries for next season, and the team would like to re-sign restricted free agents Kyle Singler and Enes Kanter. The Thunder have been shopping Perry Jones, Jeremy Lamb and Steve Novak, as Chris Mannix of SI.com reported earlier this week, so moving one or more of them would perhaps create the roster spot necessary for this year’s first-round pick to join the team. The discussion with the Spurs about the No. 26 pick could indicate Oklahoma City’s willingness to take a draft-and-stash player, as they did with Josh Huestis last year at the 29th pick, though that’s just my speculation.
San Antonio has had success in the past with trading into the middle of the first round, as former No.15 pick Kawhi Leonard demonstrates, though the extra money associated with a higher pick would, to a degree, complicate the team’s apparent plans to pursue marquee free agent targets. The 14th pick entails a cap hold of $1,684,600, while the cap hold for No. 26 is just $991,600, according to Larry Coon’s Salary Cap FAQ.
Mavs Interested In Danny Green
The Mavericks are targeting soon-to-be free agent Danny Green in the wake of Monta Ellis‘ decision to opt out, reports Shams Charania of RealGM. Green has expressed interest in re-signing with the Spurs, and that’s a strong desire of his, Charania confirms, and while San Antonio would like to make that happen, the Spurs would appear to have more pressing priorities as Tim Duncan and Manu Ginobili linger over their decisions about whether or not to play next season.
San Antonio would reportedly like to pursue a marquee free agent before circling back and re-signing Kawhi Leonard to a five-year max deal, a maneuver that would allow the team to temporarily keep Leonard’s relatively cheap cap hold on the books, rather than a max figure. The Spurs are apparently targeting LaMarcus Aldridge and Marc Gasol, among others, though they face competition from the Mavs, among others, for Aldridge, and Dallas appears to be Aldridge’s top choice outside of Portland. Clearing the cap space necessary to sign one of those star targets could require San Antonio to renounce Green’s cap hold of nearly $7.648MM, erasing the team’s ability to exceed the salary cap to re-sign him without the use of an exception or extra cap room.
Green may well be out of San Antonio’s price range in that scenario. An executive who spoke to Michael Scotto of SheridanHoops this season said he wouldn’t mind paying $6MM a year for Green, and Charania speculates that the three-and-D swingman could command $10-12MM annual salaries. The full mid-level exception is just $5.434MM.
Dallas has only about $32MM on the books for next season, leaving enough room against a projected $67.1MM cap to target Aldridge or DeAndre Jordan and sign another free agent to an eight-figure deal. The Mavs would like to re-sign Tyson Chandler if they miss out on Jordan, though a three-and-D wing is just what they’d be looking for in the event they land Jordan, as Tim MacMahon of ESPNDallas.com recently wrote.
Q&A With NBA Draft Prospect Jordan Mickey
In advance of Thursday’s draft, Hoops Rumors has been talking with some of the most intriguing prospects in this year’s class. Today, the Hoops Rumors Draft Prospect Q&A series continues with LSU big man Jordan Mickey, who is ranked No. 31 in this year’s class by Jonathan Givony of DraftExpress and No. 44 by Chad Ford of ESPN.com.
LSU big man Jordan Mickey has been climbing up draft boards all spring and summer and, as Hoops Rumors reported Tuesday afternoon, his meteoric rise could land him in the first round when all is said and done. Mickey said that officials from a team picking in the 20s told him that if he’s available, they intend on pouncing on him. Meanwhile, the Celtics are bringing him in for a second look on Wednesday and it’s quite possible that they’re considering him for the No. 16 selection. The C’s could also be eyeing him for their No. 28 or No. 33 picks, but it doesn’t sound like he’ll be on the board at that point.
Why has Mickey been such a fast riser in recent weeks? There are multiple answers to that question, but his greatest appeal undoubtedly is his uncanny shot-blocking ability. Blessed with a 7′ 3.25″ wingspan, the 6′ 8″ big man plays much bigger than his size and swats shot with ease. In fact, as a sophomore this season at LSU, Mickey recorded an average of 3.6 blocks per game to go along with 15.4 PPG and 9.9 RPG.
Mickey spoke with Hoops Rumors on Tuesday to talk about his draft stock, the art of shot blocking, and much more.
Zach Links: I understand that you’re working out for the Celtics on Wednesday. What’s that workout going to be like? Will it be a solo audition or will you be going up against other prospects?
Jordan Mickey: You know, I’m not exactly sure. I haven’t heard anything about it yet, so as far as I know, it might just be me by myself.
ZL:The Celtics have a lot of picks (Nos. 16, 28, 33, and 45) this year. Have they indicated to you that they’re looking at you for No. 16?
JM: My understanding is that I’m being brought in for a second workout for that exact reason.
ZL: Obviously your shot blocking prowess comes largely from your athleticism and wingspan, but how much of that do you attribute to timing?
JM: A lot of it is about timing. You watch some guys in their first season and they have everything down when it comes to blocking, except for the timing, and it shows. You have to know when to jump and when to initiate body contact. Otherwise, you’re not going to get far as a shot blocker.
ZL: As an excellent shot blocker out of LSU, I’m sure that you’ve heard Shaq’s name mentioned more than once. Have you gotten the chance to speak with him?
JM: I haven’t had a chance to speak with him personally, but he’s come to our games before.
ZL: Growing up, did you emulate him at all?
JM: I can’t say I ever did. We’re very different players. He’s more of a post guy and I’m more of an athlete.
ZL: Who would you say you’re similar to in today’s NBA?
JM: Draymond Green and Paul Millsap. We’re all about the same height and kind of undersized for the position. When I look at Green, that’s a guy that can play the 5, 4, or 3 and he guards everything from the 1 to the 5. That’s something I feel I can do.
ZL: At LSU, you showed that you can score effectively with a jump hook, a move that some big men tend to neglect. Did you always have that in your arsenal or is that something you developed in college?
JM: I’ve always had a pretty good jump hook for as long as I’ve played the game. It’s one of the first things that I ever learned, and I always worked hard at that.
ZL: You had a pretty strong freshman season for yourself. Did you consider going pro last year?
JM: I did, I considered it. I looked at it but I thought that if I came back my sophomore year, I could continue to improve my stock.
ZL: I saw a report recently indicating that you have a promise from a team drafting late in the first round. Is that the case?
JM: This month a team picking in the 20s told me that if I’m available, they’ll definitely take me.
ZL: Your teammate Jarell Martin is also projected to hear his name called on Thursday. If someone asked you for a scouting report on him, what would you say about him?
JM: I would say he’s very athletic and he gets around pretty easily. He goes to the rim hard. … I’d also say he’s a pretty good jump shooter. He has a great three-point shot and he’s just a very capable shooter and scorer.
ZL: What led you to choose Adie von Gontard and Matt Babcock of APAA Sports Group as your representation?
JM: Well, I didn’t want to go with a big agency. I kind of wanted to stay small and I didn’t want to go to an agency just because of the big name appeal alone. I wanted personal attention and I felt like I could get that with Adie. He’s based out of Dallas too, and that’s where I’m working out of now. I just felt comfortable talking to him and he had confidence in me and believed that I could be a first-round pick. All of that made me want to join up with him.
Timberwolves, Celtics Discuss Anthony Bennett
WEDNESDAY, 10:19am: Boston and Minnesota have discussed a deal that would send Bennett and the Nos. 31 and 36 picks to the Celtics for the 28th pick, a source tells Jake Fischer of SI Now (Twitter links).
MONDAY, 1:00pm: The Timberwolves are making Anthony Bennett available to trade suitors, sources tell Marc Stein of ESPN.com (Twitter link). The team’s frontcourt is apparently about to get that much more crowded with Minnesota reportedly having told forward/center Karl-Anthony Towns that he’s their choice for the No. 1 overall pick. Minnesota also spoke about trading Bennett at the trade deadline this past February, as Darren Wolfson of 1500 ESPN Twin Cities reported then.
Bennett’s name came up earlier today in speculation regarding the Raptors and Greivis Vasquez, though it doesn’t appear as though there’s interest on Toronto’s part, even though the former No. 1 overall pick is a Canadian and GM Masai Ujiri has expressed enthusiasm for bringing Canadian players onto the roster. The 22-year-old Bennett is set to make nearly $5.804MM on his rookie scale contract this coming season, and an October 31st deadline looms for a decision on a team option for 2016/17 worth more than $7.318MM.
The Wolves have more than $56MM in guaranteed salary for next season, with a $4.753MM cap hold earmarked for the No. 1 overall pick, as well as a new deal with Kevin Garnett seemingly on the horizon. The team would have difficulty clearing cap space even if it trades Bennett for no guaranteed salary in return, so it would seem as though the Timberwolves would prioritize taking back players who can contribute on the roster over assets that would provide cap flexibility, though that’s just my speculation.
Celtics Sought Nerlens Noel For Marcus Smart?
WEDNESDAY, 10:05am: The Celtics also offered Kelly Olynyk in the proposal, a league source tells Jake Fischer of SI Now (Twitter link). The offer included another Boston player, too, Fischer reported earlier (on Twitter).
TUESDAY, 11:13am: The Celtics were looking to trade Marcus Smart and the 16th and 28th picks in this year’s draft to the Sixers for Nerlens Noel and the No. 3 pick, but the Sixers were uninterested, league executives told Broderick Turner of the Los Angeles Times. That the Sixers would turn away such a proposal is not altogether surprising, since Noel, a First-Team All Rookie selection, would seemingly have value that’s higher than or at least equal to that of Smart, a Second-Team All-Rookie pick. Plus, the Nos. 16 and 28 picks probably wouldn’t be nearly as coveted as the third pick would be. It’s unclear when the Celtics made their play.
Celtics president of basketball operations Danny Ainge confirmed to reporters today that he’s trying to move up with his pair of first-rounders, according to Steve Bulpett of the Boston Herald (Twitter link), though he didn’t make mention of any other component to Turner’s report. Ainge did say that no one on Boston’s roster is untouchable, tweets Herald scribe Mark Murphy. Boston has a pair of second-rounders, too, at Nos. 33 and 45, while the Sixers have their first-rounder at No. 3 and five second-round picks.
Smart and Noel were No. 6 overall picks in back-to-back years, and while Noel, a 2013 selection, sat out 2013/14 with injury, he’s one year closer to the end of his rookie scale contract than Smart is. That might have allowed the Celtics to believe they had a shot at obtaining Noel in such a package, though that’s just my speculation.
Wolves Put Chase Budinger Back On Trade Block
Chase Budinger is “plenty available” for a trade, according to Darren Wolfson of 1500 ESPN Twin Cities (Twitter link). Timberwolves coach and president of basketball operations Flip Saunders denied last fall that the team was shopping the small forward amid reports to the contrary, and such rumors again surfaced a few weeks before the deadline, when Sean Deveney of The Sporting News reported that Budinger had requested, but not demanded, to be dealt. Minnesota faced long odds to find a taker at that point, as Deveney wrote then, adding that it was likely that Minnesota would try again to trade him this summer. Budinger, in spite of his apparent desire to play elsewhere, picked up his $5MM player option in April.
The Wolves are also reportedly making Anthony Bennett available as it appears the team has more on its to-do list this week than making its three picks, including the top overall selection, in Thursday’s draft. Minnesota is unlikely to have cap room this summer, as Charlie Adams of Hoops Rumors examined in our offseason outlook for the club, so presumably the Wolves, as they consider trades for Bennett and Budinger, would prioritize the acquisition of players who can contribute instead of moves that would clear salary. Still, just what the Timberwolves would want in return for the forwards isn’t entirely clear.
Philadelphia reportedly had interest as the deadline neared in trading for Budinger and doing a buyout deal with him. The Pacers, Pistons, Blazers and Rockets were apparently interested in him early last season, though other reports suggested that Portland and Houston weren’t in pursuit. The 27-year-old put up numbers this past season that were nearly identical to his production from the year before, averaging 6.8 points and 3.0 rebounds in 19.2 minutes per game across 67 appearances in 2014/15.
Latest On Heat’s Offer To Goran Dragic
WEDNESDAY, 8:48am: Miami’s five-year offer to Dragic is expected to be for between $90MM and $100MM, Jackson reports. That would still likely be less than the max. The max won’t be known until the end of the July Moratorium, but based on an estimated starting salary of $18.96MM, the most Miami could give him over five years would be $109.02MM.
SATURDAY, 11:57pm: The Heat plan to make a five-year offer of more than $80MM to retain Goran Dragic, reports Marc Stein of ESPN.com, though an amount in the vicinity of $80MM would be less than the max. The expectation in the immediate wake of Miami’s trade deadline acquisition of the former All-NBA Third Team guard was that the team would offer him the max to stay, as Ramona Shelburne of ESPN.com wrote at the time, but Stein points to concerns over Dwyane Wade‘s potential free agency as one reason they’d offer somewhat less. The chances of Dragic leaving the Heat increase if Wade does, as Barry Jackson of the Miami Herald reported last month.
Dragic has a $7.5MM player option for next season that he’s said he’ll turn down to instead hit free agency. Miami is the only team capable of offering Dragic a five-year deal, since it has his Bird rights. Dragic can make as much as $85MM on a four-year offer from another team while a max offer from the Heat would top $100MM, Stein estimates. The precise figures won’t be known until the league sets its maximum salaries after the July Moratorium. It nonetheless appears as though the Heat are banking on Dragic’s affection for the Heat and the city of Miami as they seek to take advantage of the ability to spread a similar amount of money over an extra year.
Wade reportedly would welcome $20MM salaries if he is to turn down his $16.125MM player option, and he’s apparently open to leaving the Heat if necessary. The Heat would prefer that Wade opt in, according to Jackson, but a less lucrative offer to Dragic would offset all or part of the extra money the Heat would spend should Wade opt out and re-sign on a deal that pays $20MM next season. That savings would be particularly important with the Heat poised not only to pay the tax next season if they retain their existing players at market value, but also incur repeat-offender tax penalties for having been a tax team three out of four years.
The Lakers, whom Dragic reportedly saw as a “perfect fit” earlier this season, loom as likely suitors, as do the Knicks, Pelicans, Kings and Bucks, as Jackson reported. The Lakers, Knicks and Bucks all have the flexibility necessary under a projected $67.1MM cap to offer a four-year max contract to the client of Bill Duffy and Rade Filipovich.
Hoops Rumors Community Shootaround 6/23/15
Some of the greatest joys of being a sports fan, besides your favorite team winning the championship, are the debates that arise between fellow sports nuts along the way. It’s with this in mind that we have begun providing a forum for basketball fanatics to voice their opinions, debate trending topics, and simply hang out with like-minded hoops aficionados. We’ve begun been posting a new topic for readers to discuss each weeknight, which we hope that this will become a regular part of your sports day. If you missed our previous discussions you can view them here, or simply head over to the sidebar and select “Hoops Rumors Community Shootarounds.”
Of course, there will be differing opinions from time to time. While we absolutely encourage lively discussion and debate, we do expect everyone to treat each other with respect. So, please refrain from inappropriate language, personal insults or attacks, as well as the other taboo types of discourse laid out in our site’s commenting policy. Speaking of commenting: we’ve made it much easier to leave a comment here at Hoops Rumors. Just put in your name, email address, and comment and submit it; there is no need to become a registered user.
Now that the preamble has been taken care of, on to the topic of the day: In three years’ time, which player selected in this year’s NBA Draft will be considered the biggest steal?
Yesterday we took the glass is half empty approach when we discussed who would likely be the biggest bust/disappointment in this year’s draft. But each year there are players who are selected who exceed expectations, and in many cases, outperform those chosen ahead of them. It can sometimes take a few seasons before a player finds his footing in the league and his talent shines through. One of the more recent examples of this occuring is the Warriors’ Draymond Green, who just completed his third campaign in the league. Green lasted until the No. 35 overall pick, and now is in line for a max deal this summer as a free agent. It would be a safe assumption that there are 29 teams out there who are kicking themselves for passing over the talented two-way player from Michigan State.
Who do you feel will be the player we look at after the 2017/18 season as being the biggest steal of the draft? It could be a player who hears his name called during the draft lottery, or one who has to wait until the selections are dying down late in the second round. Sound off below with your thoughts and opinions. We look forward to what you have to say.