Heat Decline Michael Beasley’s Team Option
TUESDAY, 1:22pm: The move indeed took place, according to Eric Pincus of Basketball Insiders (Twitter link).
SUNDAY, 12:16pm: The Heat have informed Michael Beasley that they will not pick up his option for the 2015/16 season, according to Barry Jackson of the Miami Herald (Twitter link). Beasley would have made slightly less than $1.3MM had the team opted to pick up his option.
Miami indicated the the decision to draft Justise Winslow was a major factor in the decision to part ways with Beasley, Jackson adds in a full-length article. There was no discussion of Beasley returning to the Heat down the road, according to Jared Karnes, who represents Beasley and spoke to Jackson.
Starting small forward Luol Deng has a player option worth more than $10.15MM for the upcoming season and the team hopes he sticks around for at least one more season. Assuming Deng is on the roster next season, along with Chris Bosh, Josh McRoberts and Winslow, the team shouldn’t have a major need at either forward position. Beasley played minutes at both the three and the four spot while averaging 8.8 points, 3.7 rebounds per game while shooting 43.4% from the field during his third stint in Miami.
LeBron James Opts Out
TUESDAY, 1:17pm: James has officially opted out, reports Eric Pincus of Basketball Insiders (on Twitter).
SUNDAY, 2:53pm: LeBron James will opt out of his contract with the Cavaliers and become a free agent for the second straight summer, tweets Brian Windhorst of ESPN.com. Sources tell Chris Broussard of ESPN.com that James will not visit other teams and will re-sign with Cleveland later this summer (Twitter link). A report earlier this week said James will take his time and see what moves Cleveland makes before becoming “the last domino to fall.”
James, who turned down more than $21.5MM for next year, is expected to sign another one-year contract with a player option and then command a longer deal once the cap rises with the new TV contract in 2016, tweets Alex Kennedy of Basketball Insiders. Kennedy reassures Cavs fans that they shouldn’t worry, saying James’ plan from the start has been to maximize his earnings potential and power within the franchise (Twitter link). A source close to James said, “I expect him to sign back,” according to Joe Vardon of the Northeast Ohio Media Group. The deadline for James to agree to the option on his current contract was Monday, and the earliest he can sign a new deal is July 9th.
Cleveland GM David Griffin said recently that the team had been in contact with James about roster decisions since the NBA Finals ended, Windhorst writes. However, he cited sources who said James will remove himself from the free agency process while the Cavaliers make decisions on Kevin Love, Tristan Thompson, Iman Shumpert and others. James’ new deal will be worth around $22MM, but the exact amount won’t be determined until the July moratorium ends.
The potential value of a long-term contract should escalate dramatically in 2016, tweets Tommy Beer of Basketball Insiders. If James had accepted a full max deal when he left Miami for Cleveland last summer, it would have been four years at about $89MM. By waiting until next summer, those figures will be five years and $170MM (Twitter link), although the amount is just an estimate.
David West Opts Out From Pacers
JUNE 30TH, 1:12pm: The Pacers didn’t receive paperwork indicating that West would opt in by Monday night’s deadline for him to do so, so he has officially opted out, the team confirms, as Scott Agness of Vigilant Sports reports (Twitter link).
JUNE 24TH, 2:07pm: David West has decided to turn down his $12.6MM player option, reports Candace Buckner of the Indianapolis Star (Twitter link). President of basketball operations Larry Bird wouldn’t confirm the report, telling Buckner that he hasn’t spoken with West or agent Jeff Austin (Twitter link). His choice gives the team the chance to open the cap space necessary for a legitimate run at Monta Ellis, in whom the Pacers reportedly have interest.
Mystery had surrounded West’s intentions with the option, just as it does with Roy Hibbert, who possesses a player option worth more than $15.514MM, though Pacers coach Frank Vogel said this spring that he had a gut feeling that West would opt in. That proved incorrect, and now West, who turns 35 in August, is free to seek out a new team or see if he can pry more salary, a longer deal, or both from Indiana.
The Raptors reportedly pursued West via trade at the deadline, and Toronto still appears to have a need at power forward. Indiana appeared reluctant to part with him as it chased a playoff berth last season. Bird has made it clear he wants to change the team’s style of play to a more up-tempo attack, and while he seemed to push Hibbert to opt out, it would be tough for the Pacers to implement a small-ball style if Hibbert opts in and West re-signs.
Kings Eye Jrue Holiday, Schröder, Jeremy Lin
The Kings are eyeing Jrue Holiday and Dennis Schröder among potential trade targets as they seek a point guard to play along with Darren Collison, reports Chris Broussard of ESPN (Twitter link), who confirms the team’s interest in Ty Lawson, too. Broussard adds Jeremy Lin to the team’s list of free agent targets and confirms that Sacramento is still high on Rajon Rondo. Kings ownership is making a hard push to sign Rondo and fellow reported target Monta Ellis, as Chris Mannix of SI.com hears (on Twitter), pointing out that Sacramento, with about $53MM in guaranteed salaries against a $67.1MM salary cap, can likely afford only one of those two.
Ellis, a shooting guard, would appear the lower priority, as Jason Jones of The Sacramento Bee says the team is making point guard and small forward more of a priority (Twitter link). The team appears to be casting a wide net as it seeks a new point man. Coach George Karl has long seemingly been enamored with the idea of trading for Lawson, as Bleacher Report’s Howard Beck wrote months ago, though the Kings are reportedly investigating the idea of firing Karl as they gauge John Calipari‘s interest in joining the team. Lawson is set to make approximately $12.404MM next season on a contract that runs through 2016/17. Holiday’s deal with the Pelicans runs through the same season, though he’ll make only about $10.596MM next season. Schröder, whose rookie scale deal with the Hawks also goes through 2016/17, is by far the cheapest trade option, as next season he’s in line for roughly $1.763MM.
Lin would also seemingly come relatively cheaply after a largely unsuccessful stint with the Lakers. His scoring average has declined in each of the three years since his “Linsanity” season with the Knicks.
Latest On DeAndre Jordan
11:55am: Jordan is tired of being third in line behind Paul and Blake Griffin and wants a larger role on offense, Broussard hears, as he writes in a full story. There’s a 50% chance he goes to the Mavs and a 50% chance he stays with the Clippers, a source told Broussard.
TUESDAY, 11:13am: It’s likely that Jordan will sign for four years, with a player option after the third, no matter which team he chooses, sources tell Chris Broussard of ESPN.com (Twitter link). That limits the edge the Clippers have as the only team that can offer five years, notes Dan Woike of the Orange County Register (on Twitter).
5:46pm: Jordan is scheduled to meet with the Mavericks, Lakers and Knicks on the first day of free agency on Wednesday, sources told Brad Turner of the Los Angeles Times (Twitter link). He will meet with the Clippers on Thursday, Turner adds.
MONDAY, 1:15pm: The Clippers have a slight edge, a league source tells Ken Berger of CBSSports.com (Twitter link), which runs counter to what Amick said the Clippers believe (below).
SUNDAY 9:25pm: The Bucks are “a long shot” to land Jordan and it is unlikely they meet with him, reports Sam Amick of USA Today, who cites a person with knowledge of the Bucks’ situation.
Amick tweets that there is some sense from the Clippers’ side that the Mavs have a slight edge in the Jordan sweepstakes, but the upcoming meetings hold weight.
While sources indicate to Gery Woelfel of the Racine Journal Times that Jordan will either stay with the Clippers or go to Dallas, an acquaintance of Jordan claims the big man would love to play for the Rockets. Houston, of course, already has a quality center in Dwight Howard.
7:08pm: Jordan will also meet with the Knicks once the free agent negotiating period commences, Adam Zagoria of SNY.tv reports.
1:11pm: The Clippers and Mavs remain the front-runners for Jordan, a source tells Bleacher Report’s Jared Zwerling, who suggests that the Knicks might end up meeting with the Relativity Sports client, too.
8:17am: Rumors of a rift between DeAndre Jordan and Chris Paul are true, and the Mavs, Lakers and Bucks, as well as the Clippers, will have pitch meetings with Jordan at his home when free agent negotiating begins next week, reports Broderick Turner of the Los Angeles Times. Chandler Parsons has been recruiting Jordan to the Mavs while the two have been hanging out together in Houston this summer, Turner also hears.
Bill Reiter of Fox Sports 1 first reported last month that Paul and Jordan had a falling out, though teammate Dahntay Jones and Clippers coach/executive Doc Rivers separately denied it. Rivers is apparently confident about re-signing the seven-year veteran, whom the Clippers will offer a max deal.
Jordan, who’s said he won’t be “greedy” and seek a one-year deal that would take him to a surging salary cap next summer, can receive more money and a longer contract from the Clippers than from any other team, though the Mavs offer the advantage of no state income tax in Texas. The center, who turns 27 next month, has reportedly expressed serious interest in signing with Dallas, and the Mavs are high on the idea themselves. The Mavs front office has kicked around the idea of a sign-and-trade that would involve Jordan coming Dallas and Tyson Chandler and Raymond Felton going to the Clippers, as Tim MacMahon of ESPNDallas.com reported.
Chandler is also an apparent target for the Bucks, along with Brook Lopez, as coach Jason Kidd and GM John Hammond aim high. The draft-night acquisition of Greivis Vasquez nonetheless puts a squeeze on Milwaukee’s finances, and the Bucks would probably have to clear some salary for an estimated $18.96MM max salary for Jordan next season if Jared Dudley opts in.
Ramona Shelburne of ESPNLosAngeles.com wrote last month that the Lakers would love to have Jordan, and he’ll apparently be one of a coterie of big men the team will target in free agency, along with LaMarcus Aldridge, who’s also a Mavs target, and Kevin Love. Interior players will no doubt be a priority for the Lakers, who have max-level cap flexibility, now that the team has used the No. 2 pick on guard D’Angelo Russell.
Pero Antic Signs In Turkey
11:48am: The signing is official, the team announced (hat tip to Chris Vivlamore of the Atlanta Journal-Constitution).
TUESDAY, 9:00am: Antic is indeed signing with Fenerbahce on a two-year contract that includes an option for a third season, agent Misko Raznatovic tweets (hat tip to Carchia). It’s unclear whether that’s a player or a team option.
MONDAY, 4:09pm: Hawks big man Pero Antic will sign with Fenerbahce of Turkey, as Nikos Varlas of Eurohoops.net reports and Sportando’s Emiliano Carchia confirms (Twitter link). Carchia last week reported the team’s interest in luring the Macedonian away from the NBA. The news is a blow of sorts for Atlanta, which reportedly had interest in re-signing him.
Antic, who turns 33 next month, had reportedly let the Hawks know he wanted to return, too, but circumstances appear to have changed. The Hawks are in a salary crunch as they seek to retain Paul Millsap and DeMarre Carroll, so seemingly the possibility existed that Atlanta would decide against tendering the $1.563MM qualifying offer necessary to make Antic a restricted free agent. The right to match offers only extends to NBA teams, so Atlanta will be powerless to keep Antic from officially signing overseas come Wednesday.
Kings Reach Out To John Calipari
11:39am: The Kings deny Wojnarowski’s report, tweets Jason Jones of The Sacramento Bee.
11:02am: Calipari, as he’s done in the past, took to Twitter to say that he’s not looking for another job and that the Kings haven’t offered him one. He acknowledged talking to Ranadive about Cousins and No. 6 overall pick Willie Cauley-Stein, but wrote in all capital letters, “I will be at Kentucky.” (All five Twitter links here).
10:16am: Kings owner Vivek Ranadive and other members of his ownership group have spoken with Kentucky coach John Calipari to feel out his interest in coaching the team and running its front office, reports Adrian Wojnarowski of Yahoo! Sports. It would require a multiyear contract worth at least $10MM a year to lure him, Wojnarowski adds, but Sacramento has had lawyers examine the contract of coach George Karl to see if he can be fired with cause for reportedly speaking to other teams to see if he can arrange DeMarcus Cousins a trade, as Wojnarowski details. It’s a long shot that the Kings would be able to terminate Karl in such a way that would allow them to recoup the nearly $10MM in guaranteed money left on his deal, which runs another three years.
Ranadive is going after Calipari in part to see if he can convince Cousins to change his mind about his desire to be traded to the Lakers, according to Wojnarowski, a desire that has reportedly come about amid Karl’s apparent quest to see him traded. Calipari coached Cousins during the center’s lone season at Kentucky.
Hiring Calipari would represent yet another shift for the Kings under Ranadive, who’ve already employed three coaches and two front office chiefs since he took control of the franchise two years ago. League officials and confidants of the owner have tried to prevail upon him to stop his frequent shakeups, sources tell Wojnarowski. Ranadive replaced former GM Pete D’Alessandro atop the front office structure this spring with vice president of basketball and franchise operations Vlade Divac, but executives and agents grew frustrated in dealing with Divac at draft time, as the newly minted executive is unfamiliar with salary cap and collective bargaining agreement rules, Wojnarowski hears. Ranadive considered hiring NBA vice president of basketball operations Kiki Vandeweghe to lead the front office before turning to Divac, Wojnarowski reports.
Calipari has consistently maintained he’s satisfied at Kentucky even as he continues to listen to overtures from the NBA. He had a level of interest in the Pelicans this spring, but New Orleans didn’t want him to lead its entire basketball operation, according to Wojnarowski.
Mike Miller Opts In With Cavs
TUESDAY, 11:04am: The move is official, the Cavs announced.
MONDAY, 11:18pm: Mike Miller has opted into his $2.8MM contract with the Cavaliers for next season, a league source told RealGM’s Shams Charania (Twitter link). Miller indicated as far back as February that he intended to exercise his player option despite diminished playing time.
The 15-year veteran Miller averaged 2.1 points and 13.5 minutes while playing 52 games last season. He appeared in nine postseason games during the Cavs’ run to the NBA Finals, averaging 1.0 points and 7.2 minutes. Miller averaged 7.1 points with the Grizzlies in 2013-14.
It’s doubtful Miller’s playing time will spike upward next season but he obviously is in no hurry to retire. For his career, Miller is an 11.3 points per game scorer, having played for six organizations.
Hornets, Warriors Interested In Marco Belinelli
10:59pm: Charlotte’s first call of free agency will be to Belinelli, according to Rick Bonnell of the Charlotte Observer (on Twitter).
3:47pm: The Hornets are expected to aggressively pursue soon-to-be free agent Marco Belinelli, reports Adrian Wojnarowski of Yahoo! Sports, and a source tells Yahoo! colleague Marc J. Spears that the Warriors are interested in signing him, too (Twitter links). The Excel Sports Management client has said that money will likely play a key role in his decision this summer, and that may well make it tough for Golden State, which will almost certainly be limited to the $3.376MM taxpayer’s mid-level exception for outside free agents. Charlotte is poised to have the $5.434MM non-taxpayer’s mid-level, Wojnarowski notes.
The Bulls are another possible suitor for Belinelli should they miss on re-signing Mike Dunleavy, as K.C. Johnson of the Chicago Tribune wrote Monday. Still, they’re likely without means beyond the taxpayer’s mid-level, either. The Spurs can pay up to about $6MM next season to bring him back if they retain his Early Bird rights, though it seems a strong possibility they will renounce those rights to clear cap room for LaMarcus Aldridge or another star free agent.
Charlotte has a need for shooting, and the 29-year-old Belinelli, a career 39.2% three-point shooter, has proven he can fill it. Golden State already has nearly $82.6MM on the books for next season, about $1MM more than the projected tax line, and that’s without a new deal for Draymond Green. Even if the Warriors succeed in finding a taker for David Lee, they’ll have trouble avoiding tax penalties.
Nets Frontrunners To Re-Sign Lopez, Young
TUESDAY, 10:55am: The Magic have kept an eye on Young as a possible target, but he’s still likely to re-sign with the Nets, tweets Michael Scotto of SheridanHoops (on Twitter).
3:19pm: Young will listen to pitches from other teams despite the mutual interest in a return to Brooklyn, a source told Marc J. Spears of Yahoo! Sports (on Twitter).
MONDAY, 1:25pm: Opposing teams increasingly convinced that they have no shot at either Lopez or Young, report Marc Stein and Mike Mazzeo of ESPN.com.
FRIDAY, 4:37pm: The Nets are strong frontrunners to re-sign Brook Lopez and Thaddeus Young this offseason, Adrian Wojnarowski of Yahoo! Sports reports. Both players will be unrestricted free agents after opting out of their respective deals for the 2015/16 campaign. GM Billy King is determined to keep the pair, and both players opted out of their contracts with strong intentions of reaching agreement on new deals with Brooklyn, league sources informed Wojnarowski.
Lopez is likely seeking a three-year, $60MM maximum contract, according to the Yahoo! scribe’s sources. The Nets are planning to pay the seven-footer full market value, although the agreement could include some financial protections for Brooklyn should a recurrence of Lopez’s past foot issues sideline him again, Wojnarowski notes. Lopez could also opt to do a deal that includes a player option for the third year, which would allow him to re-enter free agency after the maximum contract salaries elevate with the flow of new television money, adds Wojnarowski. The big man passed on the $16,744,218 that he was due next season, with the hope that he can secure a new long-term deal.
Young, who opted out of the nearly $10.222MM owed him next season, is on course for a four-year, $48MM-plus deal via free agency, and the Nets appear strongly willing to meet those parameters, league sources relayed to Wojnarowski. The forward had reportedly been leaning toward opting out as of late last month, though Young’s agent Jim Tanner had suggested that he instead opt in and hit free agency next summer, when the salary cap is projected to surge. The 27-year-old averaged 14.1 points and 5.4 rebounds in 32.0 minutes per game this season, and was acquired by Brooklyn in a midseason trade with Minnesota.