Lakers Waive Tarik Black
The Lakers have waived Tarik Black, the team announced today in a press release. Black will become an unrestricted free agent, assuming he clears waivers.
Black, 25, has spent the majority of his NBA career with the Lakers, having been claimed off the waivers from the Rockets back in December 2014. After signing a new deal with L.A. last summer, the 6’9″ center appeared in 67 games (16 starts) in 2016/17, averaging 5.7 PPG and 5.1 RPG and playing solid defense.
The timing of Black’s release allows the Lakers to avoid being on the hook for his 2017/18 salary, which would have been worth $6,655,325. It would have become fully guaranteed if Black had remained under contract through July 4.
Free Agent Rumors: Young, Miles, Porter
Unrestricted free agent Nick Young plans to “meet with a bunch of teams” this weekend after a number of undisclosed franchises expressed interest when free agency began on Friday, league sources tell Mark Medina of The Los Angeles Daily News. Despite the Lakers being among those contacting Young’s representatives, both the team and player have conflicting agendas that suggest that this may be the end of their four-year tenure together, Medina adds.
Young, 32, is hoping to maximize his earnings on a multi-year contract for a playoff team, but the Lakers want to sign players to one-year deals to save cap space for the 2018 offseason when LeBron James, Paul George and Russell Westbrook might be available, the scribe notes.
Here’s more from around the NBA:
- Pacers free agent C.J. Miles may have to wait for J.J. Redick to sign an agreement before his market comes into focus, Tim MacMahon of ESPN relays (ESPN Now link). Miles is Plan B for multiple teams who have made Redick a priority, the scribe adds. The Thunder are one of the teams that have expressed interest in the 30-year-old, per a tweet from Yahoo’s Jordan Schultz.
- With Otto Porter having completed his meeting with the Wizards, the team is now in a holding pattern as it awaits the forward to seek offer sheets on the open market, Tim Bontemps of The Washington Post relays (via Twitter). The Nets are potentially one team who appear willing to offer the max of four years and $100MM. Philadelphia may also get involved in the bidding, but the Sixers reportedly seem reluctant to make long-term offers. Washington has promised to match any offer for the restricted free agent.
- Despite the significant bump in player salaries the new CBA has ushered in, not all players are satisfied with the league capping their earnings. LeBron James, responding to a tweet noting how the value of the Warriors has increased from $450MM to upwards of $2.6 billion since Joe Lacob purchased the franchise, noted that Stephen Curry should have gotten a pact worth $400MM over five years this summer (Twitter link). James has a vested interest, of course, with him in line to hit free agency once again next summer.
- There is a possibility that the Celtics may be willing to facilitate a sign-and-trade deal for unrestricted free agent Amir Johnson, Adam Himmelsbach of The Boston Globe relays (on Twitter). The forward is reportedly garnering significant interest around the league.
- The Magic‘s reported interest in free agent forward Joe Ingles has been “wildly overstated,” per Josh Robbins of The Orlando Sentinel (Twitter link). It was relayed Friday night that Orlando was set to offer Ingles a four-year deal in the $60MM range.
Central Notes: Shumpert, KCP, Holiday
The reported agreement between the Pistons and Langston Galloway has some speculating that the team may be willing to let Kentavious Caldwell-Pope leave as a restricted free agent, though, Vince Ellis of The Detroit Free Press notes that the signing won’t necessarily affect Detroit’s dealings with the shooting guard (Twitter links). The Pistons will likely make additional roster moves in order to retain Caldwell-Pope, Ellis opines. By using more than $5.192MM of their mid-level exception to ink Galloway, the Pistons will have a hard cap of $125.266MM for the 2017/18 league year, which could create problems if another team gives Caldwell-Pope a maximum salary offer sheet.
With free agency well underway, here’s more of the latest news and rumors from the Central Division:
- The Cavaliers are reportedly seeking to move Iman Shumpert via trade and several teams have had discussions with Cleveland regarding the shooting guard, Alex Kennedy of HoopsHype relays (via Twitter). The team reportedly wants to clear Shumpert’s salary of $10,337,079 off its books for the coming season.
- The Bulls have expressed interest in signing unrestricted free agent Justin Holiday, Kennedy relays in a separate tweet. The Knicks, Mavs and Wolves are also among those interested in the swingman’s services.
- The Bulls primary focus for this offseason and beyond is to land a top four pick in next June’s NBA Draft in order to have a shot at selecting Michael Porter Jr., Joe Cowley of The Chicago Sun Times relays. “We’re not going to be throwing huge money at people right out of the gate,’’ VP of basketball operations John Paxson told reporters earlier this week. “We have to be disciplined and patient. You need the right veterans, guys who are good teammates and supportive of the young guys and can teach them how to be pros. If there was a young player who we thought fit our future, we would certainly look at that.’’
Rockets Make Contract Offer To Andre Iguodala
The Rockets’ meeting with Andre Iguodala ended earlier this afternoon, and a source characterized the sit-down as “excellent,” says Marc J. Spears of The Undefeated. According to Spears, Houston made a contract offer to Iguodala.
The runner-up in 2017’s Sixth Man of the Year voting, Iguodala is still considered a good bet to remain in Golden State and sign a new deal with the Warriors. However, he appears to be considering all his options. He has reportedly met – or will meet – with the Kings, Rockets, and Spurs, and has also received interest from the Lakers, among other clubs.
The Warriors hold Iguodala’s Bird rights and could go all the way up to the max to sign him if need be, though the team presumably has an informal limit on what it’s willing to offer the veteran swingman. With Stephen Curry having agreed to a huge new extension, Kevin Durant expected to get something close to the max, and Shaun Livingston getting his own multiyear deal, Golden State would be headed well beyond the tax line with a pricey commitment to Iguodala.
Still, even if the Warriors have cap concerns, it’s not clear if a Rockets’ offer will force their hand. Houston is over the cap and appears to be committing part of its $8.4MM mid-level exception to draft-and-stash prospect Zhou Qi. In order to make a truly competitive offer for Iguodala, the Rockets would likely need to figure out a sign-and-trade scenario, which would require Golden State’s cooperation.
There are always a lot of moving parts during the July moratorium, so Daryl Morey could have something up his sleeve, but landing Iguodala seems like a long shot for Houston.
Raptors Remain Confident About Retaining Lowry, Ibaka
The Raptors remain confident about their chances of bringing back top free agents Kyle Lowry and Serge Ibaka, according to Michael Grange of Sportsnet (via Twitter).
Lowry and Ibaka share an agent in ASM’s Andy Miller, and Miller met with the Raptors “late into the night” on Saturday morning after the free agent period opened, according to David Aldridge of TNT (Twitter link). While neither Lowry or Ibaka agreed to a deal following those meetings, the two sides remain in contact.
If the Raptors do lock up both Lowry and Ibaka to market-value deals, the team figures to go into luxury-tax territory for the first time. That could potentially be avoided by moving another player on a sizable contract – such as DeMarre Carroll or Jonas Valanciunas – but Toronto will likely wait on decisions from Lowry and Ibaka before considering how to address the rest of its roster.
The odds of the Raptors re-signing P.J. Tucker may not be quite as high, as the club is facing “competition” on the veteran forward, according to Grange. The Kings are said to be meeting with Tucker today, while the Timberwolves, Nuggets, Sixers, and Clippers have also been linked to him.
Pistons Sign Langston Galloway
JULY 6, 2:09pm: The deal is official, tweets Keith Langlois of Pistons.com.
JULY 1, 1:08pm: There will be no options on Galloway’s three-year deal with the Pistons, tweets Sam Amick of USA Today.
12:38pm: The Pistons are expected to sign Langston Galloway to a three-year contract worth about $21MM, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that the two sides are finalizing an agreement.
[RELATED: Hoops Rumors’ 2017 NBA Free Agent Tracker]
A former Knick, Galloway signed a two-year pact with the Pelicans as a free agent last summer, and averaged 8.6 PPG on .374/.377/.769 shooting in 55 games for the team. However, when New Orleans and Sacramento agreed to a blockbuster February trade involving DeMarcus Cousins, Galloway was part of the package sent by the Pelicans to the Kings. In 19 games for Sacramento, Galloway finished the season by averaging 6.0 PPG and shooting .404/.475/.917.
The second year of Galloway’s previous contract was a player option worth $5.434MM, which he turned down in June. While he had a lesser role last season than he’d had in New York, Galloway’s age (25) and his three-point shot (39.0% in 2016/17) make him an appealing pickup for a team in need of backcourt help.
The Pistons fit that bill, having been in the market for a guard in free agency this summer. Galloway figures to provide the team with some depth at both backcourt spots. His deal will likely be completed using Detroit’s mid-level exception.
By using more than $5.192MM of that mid-level exception, the Pistons will have a hard cap of $125.266MM for the 2017/18 league year, which could create problems if another team gives Kentavious Caldwell-Pope a maximum salary offer sheet. Having entered the offseason with about $95MM in guaranteed salaries for ’17/18, Detroit may have to move another contract in order to sign Galloway and match a big offer for KCP.
Hawks Sign John Collins To Rookie Contract
The Hawks have signed 2017 first-round pick John Collins to his rookie contract, the team announced today in a press release.
The 19th overall pick in last Thursday’s draft, Collins will be in line for a deal worth more than $11MM over the next four years. His salary in his rookie season will be $1,936,920, as our breakdown of rookie scale salaries shows.
Collins is one of several first-rounders to sign his new NBA contract on the first day he was eligible to do so. Because the NBA’s new Collective Bargaining Agreement no longer provides any additional cap flexibility to teams that keep their first-rounders unsigned, several teams are taking care of business with their draftees immediately.
Knicks Reach Out To Rondo, Collison
The Knicks’ search for a veteran point guard to pair with rookie Frank Ntilikina continues, according to Ian Begley of ESPN.com, who reports (via Twitter) that the club has reached out to Rajon Rondo and Darren Collison.
New York has been linked to a number of free agent point guards since free agency opened and in the weeks leading up to July. Many of the team’s rumored trade of free agent targets – such as Jeff Teague, Ricky Rubio, and Jrue Holiday – are already off the board, but the Knicks appear to have no shortage of candidates for their point guard spot.
The Knicks are said to be considering a reunion with Derrick Rose, and are among the clubs with some reported interest in Michael Carter-Williams. George Hill is viewed as the Knicks’ top target, though he’s probably more of a long shot, given the club’s inability to make him the sort of lucrative, competitive offer he’ll get elsewhere. A source tells Marc Berman of The New York Post that the Nuggets and Pacers are a little “further along” on Hill.
It remains to be seen which point guard the Knicks will ultimately land, but expect a veteran addition of some sort — the club doesn’t believe Ntilikina is ready to start, per Berman.
Celtics Sign Jayson Tatum, Ante Zizic
The Celtics have formally signed 2017 first-round pick Jayson Tatum and 2016 first-rounder Ante Zizic to their respective rookie deals, the team announced today in a press release. Both players are now under contract with the club through 2020/21.
As our breakdown of this year’s rookie scale salaries shows, Tatum will be in for a nice payday as this year’s third overall pick. He’ll earn $5,645,400 in his rookie season, and more than $30MM over the life of his four-year contract, assuming his third and fourth team options are exercised.
As for Zizic, the Croatian big man will join the Celtics after spending the 2016/17 season stashed overseas. Zizic’s contract will be worth the same amount as that of OG Anunoby, the 23rd overall pick in this year’s draft. He’ll make $1,645,200 in his first year, and about $9.75MM over four years.
With Zizic now officially a Celtic, it remains to be seen if Guerschon Yabusele, the team’s other draft-and-stash prospect from the 2016 first round, will join him in Boston.
Rockets To Sign 2016 Second-Rounder Zhou Qi
July 6: The signing is official, according to the team’s website.
July 1: Zhou’s deal with the Rockets will indeed be a four-year pact, his agent tells Feigen (Twitter link). That means Houston will dip into its mid-level exception to get it done. The length of the agreement was first reported by David Pick, as noted below.
12:01pm: The Rockets will bring 2016 second-round pick Zhou Qi stateside for the upcoming season, according to Adrian Wojnarowski of ESPN, who reports that the team will sign the Chinese center to a multiyear contract. The deal has not yet been finalized, with the structure still undergoing some “final touches,” per Wojnarowski.
Zhou, the 43rd overall pick in the 2016 draft, reportedly remained under contract with China’s Xinjiang Flying Tigers for another four years, but had an NBA out clause believed to be worth $650K, opening the door for him to join the Rockets. The 21-year-old is a promising prospect capable of protecting the rim and stretching the floor a little.
The details of Zhou’s new deal with the Rockets may ultimately hinge on what else Houston does in free agency. The over-the-cap club currently has the mid-level ($8.4MM) and bi-annual ($3.3MM) exceptions at its disposal, and could always sign players using the minimum salary.
As Jonathan Feigen of The Houston Chronicle noted earlier this week, the Rockets would like Zhou’s deal to span at least three years, but would have to use a portion of the MLE to make that happen — the bi-annual exception and the minimum salary exception limit deals to two years.
According to international reporter David Pick (via Twitter), Zhou’s new deal is expected to run through the 2020/21 season. That would make it a four-year contract, meaning Houston would have to use some of its MLE to complete the signing.