Ian Clark Wants More Than Minimum; Wolves Still Interested
Free agent Ian Clark is still hoping for more than the minimum salary, tweets Darren Wolfson of 5 Eyewitness News.
The Timberwolves are interested in signing the fourth-year guard shooting guard, who spent the past two seasons in Golden State. Tony Allen, formerly of the Grizzlies, remains another free agent possibility for Minnesota.
Clark has received multiple minimum-salary offers but is holding out for something better, according to Wolfson. The Wolves are operating just under the cap and already used their $4.3MM room mid-level exception on Jamal Crawford.
Clark appeared in 77 games for the Warriors last season, averaging 6.8 points per night and shooting a career-best 37% from 3-point range. He is seeking a raise from his 2016/17 salary of a little more than $1.015MM.
John Wall Signs Four-Year Extension With Wizards
JULY 26, 5:07pm: The signing is official, according to the NBA’s transactions log.
JULY 21, 9pm: The Wizards have agreed to sign guard John Wall to a four-year, $170MM extension, David Aldridge of TNT tweets. The deal will include a fourth-year player option and trade kicker that ESPN’s Adrian Wojnarowski adds will be worth 15%.
The extension will take effect in 2019, at which point the All-Star’s current deal will expire. Wall signed a five-year max extension back in the summer of 2013 just prior to the NBA’s salary cap skyrocketing on the heels of a new TV deal.
As Zach Lowe of ESPN adds, one point worth noting is that this was a good time for Wall to lock in the extension. If he didn’t make an All-NBA team in 2017/18 as he did in 2016/17, Wall would miss out on being eligible for the designated veteran extension supermax. The new contract mechanism rewards the league’s superstars, opening them up to a higher tier compensation.
In 2016/17, Wall raised his game to a new level, playing a major role in the Wizards clawing their way back to contention in the Eastern Conference. The 26-year-old posted 23.7 points and 10.7 assists per game in 78 games.
Wall’s major contract extension puts the Wizards in a precarious financial position, although the money that they’ve committed is primarily tied up in their own core. Per Bobby Marks of ESPN, Washington has $126MM, $126MM, $108MM and $98MM locked up over the next four respective seasons.
Photo courtesy of USA Today Sports Images.
Cavs Owner: Pacers ‘Could Have Done Better’ In Paul George Trade
Cavaliers owner Dan Gilbert is perhaps most known among NBA fans for an angry farewell letter printed in Comic Sans that he published in the wake of LeBron James‘ departure from Cleveland in 2010. Seven years later, Gilbert and James are on much better terms, but Gilbert was still showing a penchant for saying things other team owners wouldn’t during a press conference today.
Asked about the Cavaliers’ pursuit of Paul George, Gilbert told reporters that the Pacers “could have done better than they did,” per Sam Amico of AmicoHoops (Twitter link). While that’s a view widely held by NBA observers, it’s still surprising to hear it coming in a public forum from a rival team’s owner. The Cavs were reportedly close to acquiring George last month before the Pacers opted to go in another direction, so perhaps Gilbert was conveying some lingering frustration from those discussions.
Here’s more from today’s presser in Ohio:
- When pressed directly, Gilbert said he expects Kyrie Irving to be in camp with the Cavs this fall, but neither Gilbert nor GM Koby Altman would confirm that Irving won’t be traded, or even that he’s asked to be dealt. The duo referred to the situation as “fluid,” as Joe Vardon of Cleveland.com details.
- Altman called the idea that there’s animosity between Irving and James “overblown,” and added that the Cavs still believe they’re in great shape as a franchise, despite the offseason narrative of turmoil and drama.
- James remains “deeply committed” to the Cavaliers, Altman said today, according to Vardon. Gilbert added that the four-time MVP has been “as helpful as he’s even been” this offseason, having helped recruit Derrick Rose and Jeff Green.
Clippers Sign Second-Rounder Sindarius Thornwell
4:20pm: Thornwell will get a three-year, $3.8MM deal, according to Michael Scotto of Basketball Insiders, who adds that the first two years are fully guaranteed (Twitter link).
The fact that it’s a three-year pact means that the Clips used their mid-level exception, leaving a very small portion of that MLE available. Assuming Thornwell signed for the minimum, the exact value of the deal over three years will be $3,812,377.
4:05pm: The Clippers have signed rookie shooting guard Sindarius Thornwell, the team announced today (via Twitter). Terms of the deal weren’t disclosed, but there’s no mention of it being a two-way contract, so Thornwell appears to have received a spot on the NBA roster.
[RELATED: 2017 NBA Draft Pick Signings]
The 48th overall pick in this year’s draft, Thornwell was the SEC Player of the Year in 2016/17 for South Carolina, averaging 21.4 PPG to go along with 7.2 RPG and 2.1 SPG. He also upped his shooting percentages to .445/.395/.830, all career-bests.
The Clippers entered this year’s draft without any picks, but used cash to buy a pair of second-rounders and inject some youth into their roster. In addition to trading for Thornwell’s rights, Los Angeles also drafted and signed Jawun Evans with the 39th overall pick.
Evans received a portion of the Clippers’ mid-level exception, as did Euroleague point guard Milos Teodosic, but the club still has about $1.6MM of that MLE left. It appears likely that L.A. will use another chunk of that MLE to finalize Thornwell’s deal — a report last week from The State indicated that the rookie guard would sign a three-year contract, which is more than he could get with the minimum salary exception.
Suns Re-Sign Alan Williams
JULY 26: The Suns have formally re-signed Williams, the team announced today (Twitter link). The deal will now officially eat into a portion of the cap room Phoenix had available.
JULY 10: The Suns have agreed to a deal with restricted free agent Alan Williams, according to Shams Charania of The Vertical, who reports that Williams will remain in Phoenix on a three-year, $17MM contract.
[RELATED: 2017 NBA Free Agent Tracker]
Williams, 24, took on a bigger role in his second season with the Suns in 2016/17, though he only averaged 15.1 minutes per contest in 47 games overall. Still, he was very productive when he played, recording 17.6 points and 14.8 rebounds per 36 minutes.
A report last weekend indicated the the Suns had made Williams an offer in the neighborhood of $5-6MM annually over four years. His new deal is in that salary range, albeit for three years instead of four. Assuming he plays out the contract, the big man will be on track to return to free agency when he’s 27, perhaps setting himself up for a bigger payday at that point if he continues to develop.
The Suns entered the free agent period this month with an eye on a couple top-tier power forwards, but after missing out on Blake Griffin and Paul Millsap, the franchise decided to focus on retaining its own young players and perhaps accommodating salary dumps to add more assets.
With Williams locked up, Phoenix may shift its focus to getting something done with its other restricted free agent, Alex Len, assuming he remains in the club’s plans.
Photo courtesy of USA Today Sports Images.
Trade Between Cavs, Knicks Appears Increasingly Unlikely
The Cavaliers have been mentioned all offseason as a possible landing spot for Carmelo Anthony, and within the last few days, the Knicks were named among Kyrie Irving‘s preferred destinations. However, a trade between the Cavs and Knicks increasingly appears to be a long shot, according to reports.
As Ian Begley of ESPN writes, Anthony’s top choice continues to be the Rockets, and the star forward still expects the Knicks to find a way to get him at Houston. It’s possible Carmelo’s stance will change at some point, but he wields a no-trade clause and appears intent on waiving it for the Rockets rather than the Cavs, particularly if he wouldn’t have the opportunity to play with Irving in Cleveland.
According to Begley, the Knicks have no interest in including Kristaps Porzingis in any trade for Irving, so they’d likely need to include Anthony in a hypothetical Irving deal with the Cavs. Not having Carmelo’s approval is, of course, a major roadblock. But even with his go-ahead, it’s not clear if the two teams would be able to reach an agreement.
Begley suggests that some members of the Knicks’ front office would be willing to trade Anthony and multiple first-round picks for Irving, but the organization is not in full agreement on the idea of giving up multiple first-rounders in any trade.
Conversely, Sam Amico of AmicoHoops hears that the Cavs would be unwilling to move Irving for only Anthony and draft picks. Sources tell Amico that the Cavs may be removing themselves from the Carmelo sweepstakes in the wake of Irving’s trade request, since their trade objectives – and possibilities – have changed.
Even if the Knicks aren’t a viable trade partner for the Cavaliers, Cleveland should have no shortage of options for an Irving deal. Amico reports that at least seven teams have made “serious inquiries” on Irving, and Cleveland is making every effort to grant the point guard’s trade request. However, the Cavs are also in no rush to get something done, as they attempt to sniff out the best possible deal.
The Timberwolves are one of those teams exploring a possible Kyrie trade with “incredible seriousness,” says Jon Krawczynski of The Associated Press (via Twitter). However, Krawczynski remains unsure whether Minnesota would be open to including Andrew Wiggins in an offer for Irving.
Lakers Re-Sign Tyler Ennis
JULY 26, 1:14pm: The Lakers have officially re-signed Ennis, the team announced today in a press release. Barring another cost-cutting move, it appears L.A. is now capped out.
JULY 25, 3:39pm: The Lakers have reached an agreement to bring back free agent guard Tyler Ennis, according to Ramona Shelburne of ESPN (Twitter link). Shelburne reports that Ennis will get a two-year, minimum salary deal with a team option on the second year.
Ennis, who will turn 23 next month, was selected by the Suns with the 18th overall pick in the 2014 draft, but has bounced around the league since then. In addition to spending a little time in Phoenix, Ennis has also had stints with the Bucks, Rockets, and Lakers, appearing in 132 total regular season contests.
While Ennis hasn’t been able to stick with one team for long, the Lakers “really liked” what they saw from him down the stretch in 2016/17 after acquiring him at the deadline, tweets Shelburne. The Canadian point guard averaged 7.7 PPG, 2.4 APG, and 0.9 SPG, with a shooting line of .451/.389/.864 in 22 games as a Laker. All of those averages would have been career highs for a full season.
The Lakers were rumored to be considering Ennis, Derrick Rose, and other guards in recent weeks. The club displayed serious interest in Rose, but the former MVP committed to the Cavaliers on Monday night, prompting L.A. to move quickly to lock up Ennis.
The timing of Ennis’ signing will be interesting to keep an eye on. Currently, the Lakers have $815,615 in cap room remaining, which is exactly enough to sign a rookie, such as Thomas Bryant. The club could still sign Bryant using the minimum salary exception after signing Ennis and going over the cap, but a deal with that exception is limited to two years. If the Lakers wait to officially finalize Ennis’ contract, it’s likely a signal that they hope to use that remaining cap room to sign Bryant or another rookie to a three- or four-year pact.
Silver: Expansion Discussion ‘Inevitable,’ Seattle On Short List
Asked in recent years about the possibility of expanding the NBA beyond 30 teams, commissioner Adam Silver has suggested such a move isn’t being actively discussed, and isn’t necessarily on the horizon. However, in a conversation with Trail Blazers guard C.J. McCollum for The Players’ Tribune (video link), Silver acknowledged that the league isn’t overlooking the possibility of expansion.
“I think it’s just a question of when the right time is to seriously start thinking about expansion,” Silver said. “I don’t want to put a precise timeline on it, but it’s inevitable at some point we’ll start looking at growth of franchises. That’s always been the case in this league.”
While Silver stops short of saying expansion itself is inevitable, his comments hint that he believes it will happen at some point. McCollum, who plays his games in the Pacific Northwest, asked Silver specifically about the possibility of Seattle getting a franchise again, and the commissioner confirmed that the former home of the SuperSonics will “no doubt be on a short list of cities we’ll look at.”
The NBA has featured 30 clubs since the Charlotte Bobcats entered the league in 2004, and Seattle has been without a team since the Sonics became the Oklahoma City Thunder in 2008. Within the last decade, investors – including Chris Hansen – have made an effort to bring a franchise back to Seattle with a new arena or with renovations to KeyArena, but the league has not introduced any new teams via expansion or relocation during that time.
Bulls, Blazers, Raptors Hold Largest Trade Exceptions
When an over-the-cap NBA team sends out more salary than it receives in a given trade, that team can generally create a traded player exception. As we explain in our glossary entry, a traded player exception serves as a way for a team to acquire talent without using cap room to do so.
Traded player exceptions last for one year from the time they’re created, and can be used to absorb a player’s contract in a trade without sending out any salary in return. Trade exceptions can’t be combined with another exception or another contract, but they have $100K worth of wiggle room. So, a team with a $9.9MM TPE could trade for a player earning $10MM without any outgoing salary involved in the deal.
In recent weeks, a handful of teams – including the Hornets, Clippers, and Cavaliers – have seen trade exceptions created last July expire without being used. However, none of those TPEs was substantial. All of this year’s biggest TPEs are still available, though some are more likely to be used than others.
Here’s the current list of the top 10 traded player exceptions available around the NBA, along with each TPE’s expiration date:
- Chicago Bulls: $15,311,329 (6/22/18)
- Portland Trail Blazers: $12,969,502 (7/25/18)
- Toronto Raptors: $11,800,000 (7/13/18)
- Toronto Raptors: $7,630,000 (7/14/18)
- Los Angeles Clippers: $7,273,631 (6/28/18)
- Milwaukee Bucks: $5,000,000 (2/23/18)
- Oklahoma City Thunder: $4,936,529 (11/1/17)
- Cleveland Cavaliers: $4,837,500 (1/7/18)
- New Orleans Pelicans: $3,517,200 (2/20/18)
- Oklahoma City Thunder: $2,550,000 (7/6/18)
While some of these TPEs are quite sizable, there’s a good chance that most of them will go unused. Many of the clubs on this list are near or above the luxury tax threshold, and will be reluctant to acquire an expensive player without dumping any salary as part of the deal.
The Blazers, Raptors, Clippers, Bucks, Thunder, and Cavaliers all fit that bill, though some of those clubs may be willing to bite the tax-penalty bullet, while others could wait until next July when some contracts expire to use their respective TPEs.
As for the Bulls, no team has a more significant TPE than the one Chicago created as part of June’s Jimmy Butler trade. But that exception is somewhat hollow at the moment — the Bulls only have $73.25MM in guaranteed salaries on their 2017/18 cap, so the club could actually create an even greater chunk of cap room by renouncing its trade exception, along with its other cap holds and exceptions. Still, there’s no reason to do that now. That TPE could come in handy later if the Bulls re-sign Nikola Mirotic and much of that potential cap space disappears.
The full list of current NBA trade exceptions can be found right here.
Cap/Salary Notes: Heat, Clippers, Sixers, Chalmers
When the Heat agreed to deals with Dion Waiters, Kelly Olynyk, and James Johnson earlier this month, the reported terms of those agreements looked a little too high for the club to fit within its available cap room. At the time, it appeared the reported salary figures on those deals – $52MM for Waiters, $50MM for Olynyk, and $60MM for Johnson – could be inflated by possible incentives, while the base values ended up being a little smaller.
In the case of Waiters and Olynyk, that’s indeed the case. As Eric Pincus of Basketball Insiders details, the overall base value of Waiters’ four-year deal is approximately $47.3MM, while Olynyk’s is worth about $45.6MM overall. Pincus doesn’t yet have details on the unlikely incentives included in each contract, but if the terms reported initially are to be believed, it appears each player will have the opportunity to earn more than $1MM in incentives in each year of his new contract with the Heat.
Here are a few more cap, salary, and cash details courtesy of Pincus:
- The Clippers sent $1.3MM to the Hawks as part of the three-way deal that landed Jamal Crawford in Atlanta, tweets Pincus. Meanwhile, the Clippers also paid $3.2MM to the Sixers to land the second-round pick that became Jawun Evans (Twitter link). That leaves the Clippers with just $600K available to send out in trades for the rest of the 2017/18 league year.
- The Sixers can no longer receive cash in trades during the current league year, which runs through June 30, 2018. In addition to receiving $3.2MM from the Clippers, they were sent $1.9MM by the Bucks in exchange for the No. 46 pick (Sterling Brown), per Pincus (Twitter link). The limit for cash received in trades this season is $5.1MM.
- Mario Chalmers is back in the NBA, but his contract suggests he doesn’t necessarily have job security quite yet. According to Pincus (Twitter link), only $25K of Chalmers’ minimum salary deal with the Grizzlies is currently guaranteed.
- The Knicks sent $400K to the Kings as part of their “trade” that allowed them to hire Scott Perry away from Sacramento, tweets Pincus. Pincus adds (via Twitter) that the Kings and Knicks are now ineligible to trade with one another through the 2017/18 season. We saw that same restriction occur with the Clippers and Celtics a few years ago after L.A. sent Boston compensation to land Doc Rivers.