New Rockets Owner Open To Selling Shares To Beyoncé

New Rockets owner Tilman Fertitta isn’t planning on bringing in any shareholders, but he indicates that he would make an exception for Houston native Beyoncé Knowles-Carter, Scott Soshinick of Bloomberg.com relays.

“I prefer to own 100 percent,” Fertitta said. “If somebody as special as a Beyoncé or somebody like that wanted to come in for a tiny percentage because they wanted to be an ambassador for the team because this is their hometown — would I sit down and discuss it with them? Yeah, I would sit down and discuss it with them. It’s a compliment to have somebody like Beyoncé to want to be a part of your team.”

Beyoncé considered an investment in the franchise when former owner Leslie Alexander put the team on the market over the summer. It’s uncertain whether or not the pop icon has interest in an arrangement with Fertitta.

It’s also unclear whether or not the NBA would allow Beyoncé to become a stakeholder in the team since her husband Jay-Z currently runs the Roc Nation Sports agency, which represents several NBA players. Jay-Z was forced to sell his minority stake in the Nets when he started the agency

It’s fair to speculate that the league would at least sit down with the power couple to discuss the potential issues with Beyoncé owning a slice of the Houston franchise. While there have been no reports indicating that the 20-time Grammy winner would face obstacles from the league on her way to owning a share of the Rockets, the potential for conflict of interest would exist.

It’s becoming more common for North American franchise owners to sell minority shares to celebrities. Justin Timberlake currently owns a piece of the Grizzlies, while Will Smith has a minority stake in the Sixers.

Miles Plumlee Out At Least 2-3 Weeks

Miles Plumlee has a strained right quad and the injury will force him to miss the next few weeks, according to a team press release.

Plumlee will be reevaluated after two or three weeks, and the timeline means the Hawks will be without the center for several games to begin the year. Atlanta opens the season at Dallas next Wednesday and the franchise plays six additional games before the end of the month.

Plumlee arrived in Atlanta via the Dwight Howard deal and he was expected to be the team’s backup center behind free agent addition Dewayne Dedmon.

Mike Muscala should see additional minutes at the five and No. 19 overall pick John Collins, who had an impressive Summer League, could see more playing time over the next few weeks as a result of the Plumlee’s injury.

Extension Rumors: LaVine, Capela, Smart, Randle

Earlier today, Andrew Wiggins became the fourth 2014 first-rounder to reach an agreement on a rookie scale extension with his current team, joining Joel Embiid, Gary Harris, and T.J. Warren. That still leaves 17 players eligible for a rookie scale extension up until the October 16 deadline.

Not all of those players are strong candidates for a new deal. It’s extremely unlikely, for instance, that the Raptors will extend Bruno Caboclo within the next few days, and we shouldn’t bet on Shabazz Napier getting a new long-term deal from Portland. Still, a number of viable candidates remain unsigned.

Here are the latest notes and rumors on some of those extension-eligible players:

  • ESPN’s Kevin Pelton (Insider link) identifies Aaron Gordon (Magic), Elfrid Payton (Magic), Zach LaVine (Bulls), Jusuf Nurkic (Trail Blazers), and Rodney Hood (Jazz) as the most logical candidates for extensions among the group of remaining eligible players.
  • There’s “nothing substantive” so far between LaVine and the Bulls, but that could change by next Monday, TNT’s David Aldridge writes in his rundown of extension candidates at NBA.com. Aldridge – who examines each 2014 first-rounder individually – is also somewhat bullish on the possibility of new deals for Nurkic, Hood, and Rockets big man Clint Capela.
  • Marcus Smart said earlier this week that his agent has yet to hear from the Celtics about a possible extension. Today, Celtics president of basketball operations Danny Ainge didn’t exactly offer clarity on the subject, indicating that he has had “talks” about a new contract for Smart, but no “negotiations” (Twitter link via Steve Bulpett of The Boston Herald).
  • Julius Randle is extension-eligible, but his future with the Lakers is linked to the team’s pursuit of 2018 free agents, as Bill Oram of The Orange County Register details. Although Randle says his reps have been in touch with the Lakers, an extension this year is an extreme long shot.

Thunder Sign Yannis Morin, Chris Wright

The Thunder have inked a pair of players to contracts, announcing in a press release that center Yannis Morin and forward Chris Wright have been added to the roster. Having waived three players earlier today, Oklahoma City has already filled two of those newly-created openings, bringing the roster count back up to 19.

Morin, a 24-year-old French center, reached a reported agreement with the Thunder way back in July, but the team didn’t make it official until now. He’ll likely be ticketed for the Oklahoma City Blue in the G League as an affiliate player.

Wright, a Dayton alum, is a good bet to head to the G League as well. He signed with the Thunder a year ago and eventually joined the Blue when the G League season began, so OKC still holds his returning rights.

Suns Waive Anthony Bennett, Peter Jok

The Suns have requested waivers on veteran forward Anthony Bennett and rookie swingman Peter Jok, the team announced today in a press release.

Bennett and Jok joined the Suns for training camp and the preseason, but neither player appeared in any of the club’s preseason contests. They’ll become unrestricted free agents if and when they clear waivers on Friday.

Jok appears to be a good candidate to join Phoenix’s G League team, the Northern Arizona Suns, as an affiliate player, though it’s not clear what the next move will be for Bennett. The former first overall pick has spent time with the Cavaliers, Timberwolves, Raptors, and Nets since entering the league in 2013, but seems unlikely to begin the 2017/18 season on an NBA roster.

Phoenix now has 18 players under contract, including 14 on guaranteed deals and two on two-way contracts.

Poll: Atlanta Hawks’ 2017/18 Win Total

In his first summer as the Hawks’ new general manager, Travis Schlenk looked at the team’s current roster and decided he didn’t love the status quo. Rather than bringing back last year’s squad, Schlenk, opted to accelerate the rebuilding process for the franchise, jettisoning a number of key veteran contributors.

That meant not re-signing Paul Millsap. It meant not matching the Knicks’ offer sheet for Tim Hardaway Jr. It meant sending Dwight Howard to Charlotte in a trade with the Hornets. And it meant that role players like Mike Dunleavy, Thabo Sefolosha, and Kris Humphries are gone too.

The Hawks didn’t let all their free agents go — guys like Mike Muscala and Ersan Ilyasova received new deals, and Dewayne Dedmon and Luke Babbitt are among Atlanta’s outside additions. But the impact of the departed players figure to significantly outweigh that of the incoming players, resulting in a slide down the Eastern Conference standings.

After winning 43 games and earning the No. 5 seed in the East last season, the Hawks are projected to land near the bottom of the conference in 2017/18. Offshore betting site Bovada has Atlanta’s over/under for the coming season at just 25.5 wins.

What do you think? Can Dennis Schroder, Kent Bazemore, and the rest of the Hawks claw their way to 26 victories, or did the offseason exodus leave a roster lacking the talent to win more than 25 games? Vote below in our poll and jump into the comment section to share your thoughts!

How many games will the Hawks win in 2017/18?

  • Over 25.5 51% (268)
  • Under 25.5 49% (253)

Total votes: 521

Trade Rumors app users, click here to vote.

Previous over/under voting results:

Western Conference:

  1. Golden State Warriors: Over 67.5 (53.57%)
  2. Houston Rockets: Over 55.5 (65.57%)
  3. San Antonio Spurs: Over 54.5 (67.74%)
  4. Oklahoma City Thunder: Over 50.5 (71.77%)
  5. Minnesota Timberwolves: Over 48.5 (55.69%)
  6. Denver Nuggets: Under 45.5 (50.44%)
  7. Los Angeles Clippers: Over 43.5 (60.7%)
  8. Portland Trail Blazers: Over 42.5 (56.3%)
  9. Utah Jazz: Over 41.5 (55.94%)
  10. New Orleans Pelicans: Over 39.5 (65.26%)
  11. Memphis Grizzlies: Over 37.5 (53.43%)
  12. Dallas Mavericks: Under 35.5 (54.95%)
  13. Los Angeles Lakers: Over 33.5 (50.4%)
  14. Phoenix Suns: Over 28.5 (50.41%)
  15. Sacramento Kings: Over 27.5 (56.18%)

Eastern Conference:

  1. Boston Celtics: Over 55.5 (63.5%)
  2. Cleveland Cavaliers: Over 53.5 (68.82%)
  3. Toronto Raptors: Over 48.5 (64.21%)
  4. Washington Wizards: Over 47.5 (71.29%)
  5. Milwaukee Bucks: Over 47.5 (63.88%)
  6. Miami Heat: Over 43.5 (55.39%)
  7. Charlotte Hornets: Over 42.5 (51.07%)
  8. Philadelphia 76ers: Under 41.5 (53.37%)
  9. Detroit Pistons: Over 38.5 (51.95%)
  10. Orlando Magic: Under 33.5 (75.24%)
  11. Indiana Pacers: Under 31.5 (54.85%)
  12. New York Knicks: Under 30.5 (57.87%)
  13. Brooklyn Nets: Over 27.5 (66.33%)

2017 Offseason In Review: Brooklyn Nets

Hoops Rumors is breaking down the 2017 offseason for all 30 NBA teams, revisiting the summer’s free agent signings, trades, draft picks, departures, and more. We’ll evaluate each team’s moves from the last several months and look ahead to what the 2017/18 season holds for all 30 franchises. Today, we’re focusing on the Brooklyn Nets.

Signings:Tyler Zeller vertical

  • Tyler Zeller: Two years, minimum salary. Second year non-guaranteed.
  • Yakuba Ouattara: Two-way contract. One year. $50K guaranteed.
  • Jacob Wiley: Two-way contract. Two years. $50K guaranteed.

Camp invitees:

Trades:

Draft picks:

Departing players:

Other offseason news:

Salary cap situation:

  • Operating under the cap, but over the salary floor. Can create up to nearly $5MM in cap room (carrying approximately $94MM in team salary). Room exception ($4.328MM) still available if/when cap room used.

Check out the Brooklyn Nets’ full roster and depth chart at RosterResource.com.


Story of the summer:

Rebuilding the Nets’ roster has been a slow and challenging process, due in large part to the 2013 trade that gave the Celtics control of several of Brooklyn’s future first-round picks. Heading into the 2017 offseason, the Nets at least owned the Celtics’ pick as a result of a pick swap, and they held the Wizards’ first-rounder as well. But those selections both fell in the 20s — the Nets’ own pick, held by Boston, landed at No. 1 overall.

Refusing to dwell on the fact that a trade made by the old regime cost the present-day Nets a chance to draft a possible franchise player, Brooklyn’s current management group made the most of the assets at its disposal as the team sought out an impact guy. This meant leveraging the Nets’ remaining draft picks and cap room in trades with the Lakers, Raptors, and Trail Blazers to secure rotation players, future picks, and one potential star.

Given their limited assets, the Nets weren’t able to transform the roster from bottom-dweller to legit contender over the summer, but the front office did impressive work this offseason adding talent while maintaining future flexibility. By the time Brooklyn regains control of its own first-round pick in 2019, the club should be well on its way to building a roster capable of returning to the playoffs.

Read more

Timberwolves Sign Andrew Wiggins To Extension

The Timberwolves have officially signed fourth-year wing Andrew Wiggins to a rookie scale extension, the team confirmed today in a press release. Although the club’s announcement didn’t mention the terms of the agreement, previous reports have indicated that Wiggins will get a five-year, maximum salary contract with no player option. The deal projects to be worth about $146.5MM, based on the latest cap estimates for 2018/19.AndrewWiggins vertical

“We’re very excited that Andrew has decided to commit his future to the Timberwolves,” head coach and president of basketball operations Tom Thibodeau said in a statement. “We feel strongly that he is just scratching the surface of the player he will become. Andrew is among the elite young talents in our league and the sky is the limit for him.”

Today’s announcement ends a saga that had unexpectedly dragged out for the last couple months. Timberwolves owner Glen Taylor publicly stated during the summer that he was willing to put a five-year, maximum salary offer on the table for Wiggins if he could meet with the former No. 1 overall pick face to face first. Taylor wanted a verbal commitment from Wiggins that he was committed to both the Wolves and to improving his game.

Although Taylor and Wiggins had that meeting, an agreement was delayed further when the 22-year-old filed paperwork to part ways with agent Bill Duffy, who had negotiated the deal. Having put the extension together, Duffy will still receive a cut of Wiggins’ new contract, but the timing of the change was unusual. It postponed the completion of the deal while Wiggins secured new representation, and ultimately the Wolves forward didn’t finalize the agreement until five days before the October 16 deadline.

Now that it’s official, Wiggins will be locked up through the 2022/23 season, with his new five-year pact going into effect next July. Currently, the NBA is projecting a $101MM salary cap for 2018/19, which would result in a starting salary of $25.25MM for Wiggins. His deal would increase by 8% annually from there.

For the Timberwolves, it’s a significant investment in Wiggins, who has developed into one of the NBA’s most dangerous scorers, but struggled on the defensive side of the ball last season, and doesn’t contribute much in other statistical categories. Wiggins increased his three-point percentage to 35.6% in 2016/17, which was easily a career high, but averaged a modest 4.0 RPG and 2.3 APG. He’ll be counted on to continue to develop further under the tutelage of offseason addition Jimmy Butler.

Taking into account Wiggins’ projected salary and Karl-Anthony Towns‘ team option, the Timberwolves now have nearly $108MM in guaranteed salary on their books for 2018/19. That figure doesn’t include various player or team options for Jamal Crawford, Shabazz Muhammad, and Tyus Jones.

Wiggins is the fourth player eligible for a rookie scale extension to agree to terms on a new deal. Joel Embiid (Sixers), Gary Harris (Nuggets), and T.J. Warren (Suns) also reached agreements with their respective teams.

Remaining extension candidates such as Rodney Hood, Marcus Smart, Jusuf Nurkic, Clint Capela, and Jabari Parker will have until the end of the day on Monday to sign deals of their own — otherwise they’ll be eligible for restricted free agency next summer.

Photo courtesy of USA Today Sports Images.

Cavaliers Sign Isaac Hamilton

Shortly after opening up a spot on their roster by waiving Edy Tavares, the Cavaliers have filled that spot again, announcing today in a press release that they’ve signed undrafted rookie guard Isaac Hamilton. Cleveland’s roster is now back up to 20 players.

Hamilton, 23, played his college ball at UCLA, averaging 14.1 PPG with a shooting line of .453/.366/.825 during his final year with the Bruins. He was one of the squad’s top threats from outside, making 2.1 three-pointers per game.

Hamilton figures to get a non-guaranteed deal from the Cavs, and won’t be on the club’s regular season roster. By signing him to an NBA contract now, Cleveland will have the opportunity to have him join the Canton Charge in the G League as an affiliate player.

Thunder Waive Alford, Brown, Thomas

The Thunder have waived three players from their preseason roster, announcing today in a press release that guard Bryce Alford, guard Markel Brown, and forward Rashawn Thomas are no longer part of the squad.

Alford, Brown, and Thomas all received training camp invitations from the Thunder, but didn’t appear in a game during the preseason. There’s a good chance that the trio will end up playing for the Oklahoma City Blue, the Thunder’s G League affiliate. Alford and Thomas are particularly well positioned to head to the Blue, since they’re rookies whose G League rights haven’t been claimed by another team.

Following today’s roster moves, the Thunder still have 17 players under contract, with one of those 17 on a two-way deal. The club will have to make at least one more cut to its NBA roster before the regular season begins, and that decision figures to come down to Isaiah Canaan or Semaj Christon.