Knicks Sign Luke Kornet To Two-Way Contract
The Knicks have formally signed undrafted free agent big man Luke Kornet to a two-way contract, the team announced today (via Twitter). Teams are permitted to finalize two-way contracts during the July moratorium, so the deal is official.
A 7’0″ center who played his college ball at Vanderbilt, Kornet was ranked 69th on DraftExpress’ list of 2017’s top 100 prospects. In his senior year in 2016/17, he averaged 13.2 PPG, 6.2 RPG, and 2.0 BPG, chipping in 1.5 threes per game, though he made just 32.7% of his shots from outside.
Two-way contracts are a new addition to the NBA this year, a result of negotiations on the league’s new Collective Bargaining Agreement. In addition to carrying 15 players on their regular season roster, teams will be allowed to have two more players on two-way deals — those players will spend most of their time in the G League, but can be called up to the NBA roster and can’t be poached by rival NBA teams. Our full FAQ on two-way contracts can be found here.
While Kornet may not seen much action with the Knicks this season, it appears he’ll go down as the first player in NBA history to officially sign a two-way contract. The agreement was first reported last month by ESPN’s Chris Haynes.
Chauncey Billups Withdraws From Consideration For Cavs’ Job
11:53am: Billups met with Gilbert at least twice to discuss the Cavs’ position, but didn’t confer at all with LeBron James or LeBron’s agent Rich Paul, writes Joe Vardon of Cleveland.com. According to Vardon, Cleveland’s offer was believed to be in the range of $2-3MM annually, and Billups was seeking more.
11:24am: In his full report on Billups’ decision, Wojnarowski passes along a statement from his ESPN colleague.
“I have great respect for [owner] Dan Gilbert and the Cleveland Cavaliers, and I greatly appreciate the discussions we had regarding their organization,” Billups said. “As I have conveyed before, ultimately I would like to lead a team’s basketball operation and be a part of a successful franchise. But presently, the timing just isn’t right to delve into that role in Cleveland. In the meantime, I will continue to focus on broadcasting and my other business endeavors.”
10:52am: Chauncey Billups, who was reportedly offered the top position in the Cavaliers’ front office, has withdrawn from consideration, reports Adrian Wojnarowski of ESPN (via Twitter).
Cleveland extended an offer to Billups prior to last month’s draft in the hopes of making him the team’s new president of basketball operations, but the process has dragged since that point. The two sides reportedly went back and forth, with the former All-Star guard making a counter-offer to the club. But ultimately, it appears the Cavs and Billups couldn’t agree on an arrangement that would work for both sides.
Reports had indicated that Billups had some apprehensions about the job, since he likes his current role as an NBA analyst and didn’t necessarily want to uproot his family. He was also believed to have concerns about the fact that LeBron James could leave next summer, as well as the prospect of having to be objectively critical about head coach Tyronn Lue, who is a close friend.
ESPN’s Jeff Goodman reports (via Twitter) that concerns about staffing and money may also have been sticking points for Billups, who has received a raise from ESPN, per Jeff Zillgitt of USA Today (Twitter links).
With Billups out of the mix, it’s not clear who the next man up on the Cavs’ wish list might be. In the wake of David Griffin‘s departure from the franchise last month, Cleveland quickly zeroed in on Billups, so no other candidates have really been linked to the job.
Since Griffin’s exit, assistant general manager Koby Altman has essentially been serving as the de facto GM for Cleveland, making him a potential candidate for the full-time job. The team has reached tentative deals with Kyle Korver and Jose Calderon since free agency opened on Saturday.
Photo courtesy of USA Today Sports Images.
Free Agency Notes: Freeland, Bogdanovic, Millsap
Former Trail Blazers big man Joel Freeland has engaged in talks with NBA teams and could make a comeback after spending the last two seasons playing international ball, reports Chris Haynes of ESPN.com (Twitter link).
Freeland, 30, was a first-round pick way back in 2006 and joined the Blazers six years later for the 2012/13 season. However, his stint with the team lasted just three years — he appeared in 151 regular season games for Portland before heading back overseas and playing for CSKA Moscow for the last two seasons. He’s now a free agent.
Here’s more on free agency from around the NBA:
- A league source tells Chris Miller of CSN (Twitter link) that Wizards RFA Bojan Bogdanovic is believed to be seeking a three- or four-year deal worth $16MM annually. That sort of money may have been available for a player like Bogdanovic in free agency a year ago when nearly every team had cap room, but I really don’t see him getting an offer in that range this time around.
- Paul Millsap tells Chris Vivlamore of The Atlanta Journal-Constitution (Twitter link) that the Hawks never formally offered him a contract. New Atlanta GM Travis Schlenk never sounded overly enthusiastic about making a competitive offer for Millsap, who committed to the Nuggets on Sunday night.
- The Warriors still have their $5.192MM mid-level exception available, but Tim Kawakami of The San Jose Mercury News (Twitter link) is skeptical that the team will use it to sign a single player, suggesting the Dubs are more likely to split it up among multiple players — if they use it at all.
- If the Bulls are serious about going all-in on their rebuild, it might make sense to let RFA forward Nikola Mirotic walk in an effort to downgrade next year’s roster and improve the team’s chances at a top-five pick, writes Joe Cowley of The Chicago Sun-Times.
Free Agent Rumors: Hayward, Knicks, Rose
While there have been indications that Gordon Hayward will make a decision on his new team Tuesday or Wednesday, a source close to the player tells Steve Bulpett of The Boston Herald that Hayward may actually inform teams of his decision as early as tonight. Hayward met with the Heat on Saturday and the Celtics on Sunday, so all that’s left on his schedule is a Monday sit-down with the Jazz. While there was speculation earlier in the process that another team might enter the picture for Hayward, it appears he’ll decide between his three long-reported suitors.
Here’s more on free agency from around the NBA:
- A source tells Marc Berman of The New York Post that the Knicks have told some agents their free agent plans are being held up to some extent, as they weigh their decision on whether to trade Carmelo Anthony. A report late on Monday night indicated Anthony is open to waiving his no-trade clause to join the Cavaliers or Rockets.
- The Knicks have considered the possibility of seeking a sign-and-trade deal involving Derrick Rose in order to get something back for him, tweets Ian Begley of ESPN.com. Sign-and-trades are pretty rare, but can make sense when a player wants to join an over-the cap team — the Bucks, with whom Rose is meeting today, currently fit that bill.
- The Nuggets‘ pitch to Paul Millsap included an appearance from Broncos linebacker Brandon Marshall, according to Nick Kosmider of The Denver Post, who says Marshall praised the city and told Millsap what it’s like to win in Denver. While it’s not clear if Marshall’s argument was a deciding factor, Millsap did commit to the Nuggets on Sunday night.
- The Timberwolves‘ approach to free agency this summer has shown that the organization is transforming into a Tom Thibodeau-style team, as Brian Windhorst of ESPN.com explains. Having agreed to sign Jeff Teague and Taj Gibson, the Wolves still have their room exception available as they scour the market for shooting help.
Bucks Meeting With Derrick Rose
Free agent point guard Derrick Rose is meeting today with Bucks team officials, according to Adrian Wojnarowski of ESPN (via Twitter). It’s the first we’ve heard of Milwaukee’s interest in Rose since the free agent period opened.
The Bucks have a young, talented roster led by Giannis Antetokounmpo, but could use some help at the point guard spot, making them a logical suitor for a veteran like Rose. Matthew Dellavedova was the club’s primary point guard last season, with Malcolm Brogdon and Jason Terry also seeing some action at the position.
Milwaukee’s current cap position may not be conducive to a pursuit of Rose. The team is over the cap, which would leave just the $8.4MM mid-level exception to offer the former MVP. However, Wojnarowski suggests (via Twitter) that Milwaukee has been making an effort to shed salary in order to make room for a more competitive offer for Rose.
While Wojnarowski doesn’t identify any specific players the Bucks are trying to move, Greg Monroe ($17.88MM) is the club’s most obvious trade candidate. Some combination of John Henson ($11.42MM), Mirza Teletovic ($10.5MM), and Spencer Hawes ($6.02MM) might also make sense as potential chips. I wouldn’t expect any of those players to have a whole lot of trade value though.
Rose, 28, is coming off a season in which he averaged 18.0 PPG and 4.4 APG in 64 games for the Knicks. There’s reportedly some interest within the Knicks front office in bringing back the former No. 1 overall pick, though a source tells Frank Isola of The New York Daily News that GM Steve Mills is opposed to the idea, and Mills currently has the final say on basketball decisions.
Vince Carter To Meet With Kings
Free agent swingman Vince Carter is scheduled to take a meeting with the Kings on Monday, league sources tell Chris Haynes of ESPN.com (Twitter link).
Carter, an eight-time All-Star, will turn 41 in January, but has shown no desire to call it a career quite yet. The 19-year veteran actually took on a larger role in Memphis in 2016/17 than he had in the previous two seasons, averaging 24.6 MPG in 73 regular season contests. For the year, Carter averaged 8.0 PPG, 3.1 RPG, and 1.8 APG, shooting 37.8% from three-point range.
Given how their Western Conference rivals have loaded up this offseason, the Kings probably shouldn’t expect to be in playoff contention in 2017/18. However, the team could use a veteran presence like Carter to stabilize what figures to be a very young roster, headed by the likes of De’Aaron Fox, Buddy Hield, Bogdan Bogdanovic, Willie Cauley-Stein, Justin Jackson, and Georgios Papagiannis.
The Kings also have no shortage of cap room to make Carter a solid contract offer. Even if Otto Porter were to accept the team’s reported max offer and the Wizards decided not to match it, Sacramento would still have plenty of cap space available. Still, it remains to be seen how interested Carter will be in spending the twilight years of his career with a probable non-contender.
Nuggets Still Eyeing George Hill?
The Nuggets made their first big splash of the offseason on Sunday night, reaching an agreement on a $90MM deal with Paul Millsap. However, the team may not be done going after top free agents quite yet. According to Kevin O’Connor of The Ringer (via Twitter), a source says to expect the Nuggets to continue their pursuit of George Hill if they can move some salary.
As O’Connor suggests, the Nuggets don’t currently have the cap flexibility to make a competitive offer for Hill, with nearly $30MM of their 2017/18 cap now earmarked for Millsap. However, Denver has trade options. With Millsap, Nikola Jokic, Juan Hernangomez, and RFA Mason Plumlee looking like the team’s core pieces at the four and five, that leaves several of the other team’s highest-paid players in flux.
O’Connor identifies both Kenneth Faried ($12.92MM) and Darrell Arthur ($7.46MM) as potential trade chips if Denver looks to dump salary. I’d imagine Wilson Chandler ($12.02MM) could also be had in the right deal, though the Nuggets would likely prefer to keep him around, since he has the ability to play the three as well as the four. Trey Lyles ($2.44MM) is also in the frontcourt picture for the club, though moving him wouldn’t create much additional cap room.
The Nuggets were linked to multiple veteran point guards earlier in free agency, with Hill named among their potential targets. Denver reportedly reached out to the Jazz point guard during the first hour of free agency on Saturday morning, and a report later on Saturday suggested the Nuggets and Pacers were among the teams that had gone a little down the road with Hill.
If the Nuggets are able to move salary and get something done for Hill, it all but eliminates a reunion with Danilo Gallinari as a possibility for the club. Given Denver’s frontcourt depth after landing Millsap, I imagine the team isn’t pushing too hard at this point to get a new deal done with Gallinari anyway.
NBA Free Agency: July 2 Recap
After big names like Stephen Curry and Blake Griffin came off the board quickly on Saturday, multiple players from the second and third tiers of free agency reached agreements on Sunday.
Those agreements aren’t yet official, but unless something unexpected happens within the next several days, they’ll be finalized sometime after the July moratorium ends on Thursday.
Here’s our breakdown of July 2’s most notable contract agreements:
- Kyle Lowry, Raptors agree to three-year, $100MM contract.
- Paul Millsap, Nuggets agree to three-year, $90MM contract.
- Serge Ibaka, Raptors agree to three-year, $65MM contract.
- Taj Gibson, Timberwolves agree to two-year, $28MM contract.
- Kyle Korver, Cavaliers agree to three-year, $22MM contract.
- Nene, Rockets agree to three-year, $10.954MM contract.
- Ben McLemore, Grizzlies agree to two-year, $10.64MM contract.
- Justin Holiday, Bulls agree to two-year, $9MM contract.
- Jodie Meeks, Wizards agree to two-year, $7MM contract.
Here are a few more of the day’s notable headlines:
- Carmelo Anthony reportedly open to waiving no-trade clause for Cavaliers, Rockets.
- Raptors, Pacers discuss Cory Joseph trade.
- Talks between Rockets, Cavaliers on Iman Shumpert trade have stalled.
- Kings offer maximum salary contract to Otto Porter.
- Suns make four-year contract offer to Alan Williams.
- Timberwolves pull Shabazz Muhammad‘s qualifying offer, making him an unrestricted free agent.
Carmelo Anthony Open To Waiving No-Trade Clause For Cavs, Rockets
Carmelo Anthony is open to the idea of waiving his no-trade clause in order to facilitate a trade to the Cavaliers or Rockets, reports Adrian Wojnarowski of ESPN. According to Wojnarowski, there’s no traction yet on a deal.
The presence of Chris Paul and LeBron James in Houston and Cleveland, respectively, appeals to Anthony, as does with the Rockets’ and Cavs’ ability to contend. While Anthony controls the process due to his no-trade clause, his apparent willingness to accept a deal to the Rockets or Cavaliers is a good first step for the Knicks, who reportedly remain hopeful that a trade can be completed.
Still, there are several roadblocks to overcome for the Knicks, since Anthony’s trade value is diminished due to his exorbitant salary, a 15% trade kicker, and a belief that New York may eventually become receptive to a buyout. The fact that the franchise doesn’t currently have a permanent president of basketball operations in place is also somewhat problematic.
Per Wojnarowski, the Rockets have been “proactive” in pursuing a possible deal for Anthony since acquiring Paul from the Clippers last week. However, the Knicks have little interest in taking back Ryan Anderson, whose $19.5MM+ salary would likely be needed for salary-matching purposes. Anderson’s contract runs through the 2019/20 season.
As for the Cavaliers, they have been frequently mentioned as a possible destination for Anthony, but have shown no willingness to part with Kevin Love in a trade with New York. Cleveland would likely be more inclined to offer pieces like Iman Shumpert, Channing Frye, and perhaps J.R. Smith in a package for Carmelo, which wouldn’t do much for the Knicks.
With the Knicks reportedly trying to avoid long-term salary commitments for older players, working out an Anthony deal with either the Rockets or Cavs could be challenging unless a third team gets involved.
Clippers Meet With Danilo Gallinari, Rudy Gay
The Clippers met with two of their top free agent targets at forward on Sunday, according to various reports. The team’s presentation for Danilo Gallinari, which had been previously reported, made a “strong impression” on the veteran forward, according to Adrian Wojnarowski of ESPN (Twitter link). Meanwhile, the Clips also had a meeting with Rudy Gay tonight, per Broderick Turner of The Los Angeles Times (via Twitter).
Gallinari has long been a target for the Clippers, according to Wojnarowski, and it sounds like there’s mutual interest between the two sides. David Aldridge of TNT tweets that the club’s brass “painted a picture” for Gallinari that showed how he could be a key piece of one of the league’s best frontcourts, along with Blake Griffin and DeAndre Jordan.
Even after trading Chris Paul last week, the Clippers project to be an over-the-cap team this year, in large part due to Griffin’s lucrative new deal. As such, the team can’t sign a free agent outright for a starting salary higher than the $8.4MM mid-level exception. However, a sign-and-trade could allow for a higher starting salary for either Gallinari or Gay — the Clips were said to be exploring possible sign-and-trade scenarios involving Gallinari earlier on Sunday.
Gallinari is also viewed as a potential target for the Celtics if they miss out on Gordon Hayward, but the Italian forward may no longer be in play for the Nuggets. Denver committed to Paul Millsap on Sunday night, significantly reducing the team’s ability to make a competitive offer to Gallinari. As for Gay, he has received interest from the Thunder, among other teams.