Spurs Sign Joffrey Lauvergne
JULY 18, 1:05pm: The Spurs have officially signed Lauvergne, the team confirmed today in a press release.
JULY 10, 2:00pm: The Spurs have reached a two-year contract agreement with free agent big man Joffrey Lauvergne, reports Shams Charania of The Vertical. The news comes on the heels of the Bulls withdrawing Lauvergne’s qualifying offer, making him an unrestricted free agent, which will allow him to sign outright with San Antonio.
Lauvergne, a second-round pick in 2013, made his NBA debut for the Nuggets in 2014 and spent two years with the franchise before being sent to the Thunder in a trade last August. He was flipped again at this year’s trade deadline, heading to Chicago as part of a trade package in a deal that saw Oklahoma City land Taj Gibson and Doug McDermott.
Lauvergne, a 6’11” forward/center, looked like a player on the rise in 2015/16, averaging 7.9 PPG and 4.9 RPG with a .513 FG% in 59 games (17.6 MPG) for the Nuggets. However, he took a step backward last season. For the year, he recorded just 5.4 PPG and 3.6 RPG with a .440 FG% in 70 contests.
Despite his very modest production for the Bulls down the stretch, Lauvergne initially received a qualifying offer worth about $2.14MM from the team, which made him a restricted free agent. However, Chicago apparently decided that the big man wasn’t in the team’s long-term plans, allowing him to reach the open market with no restrictions over the weekend.
While details of the Spurs’ agreement with Lauvergne aren’t yet known, the club already used its full mid-level exception on Rudy Gay, leaving the $3.29MM bi-annual exception and the minimum salary exception for other free agents. San Antonio had been in need of some frontcourt depth, with Dewayne Dedmon, David Lee, and Pau Gasol all on the free agent market, though Gasol is expected to re-sign.
Photo courtesy of USA Today Sports Images.
NBA Teams With Hard Caps For 2017/18
The NBA salary cap is somewhat malleable, with various exceptions allowing every team to surpass the $99.093MM threshold when that room is used up. In some cases, teams blow past not only the cap limit, but the luxury-tax limit as well, with clubs like the Cavaliers, Warriors, and Trail Blazers going well beyond that tax line this year.
The NBA doesn’t have a “hard cap” by default, which allows those clubs to build significant payrolls without violating CBA rules. However, there are certain scenarios in which teams can be hard-capped. When a club uses the bi-annual exception, acquires a player via sign-and-trade, or uses more than the taxpayer portion of the mid-level exception, that club will face a hard cap for the remainder of the league year.
When a team becomes hard-capped, it cannot exceed the tax apron at any point during the rest of the league year. Under the new CBA, the tax apron is set at the point $6MM above the luxury tax line. For the 2017/18 league year, the tax line is at $119.266MM, so the apron – and the hard cap – is at $125.266MM.
So far this year, six teams have imposed a hard cap on themselves by using the bi-annual exception, using the non-taxpayer mid-level exception, or acquiring a player via sign-and-trade. Listed below are those six teams, along with their current salary situation. Team salaries are estimations, since not all contracts have been finalized, and we don’t know the exact figures on all those salaries.
Los Angeles Clippers
- How they created a hard cap: Acquiring Danilo Gallinari via sign-and-trade. Using non-taxpayer mid-level exception to sign Milos Teodosic and Jawun Evans.
- Approximate team salary: $120MM
- Breakdown: The Clippers still have some non-guaranteed salary on their books, but even if they were to cut those contracts, they’d need to fill out their 15-man roster somehow, so they appear likely to stay over the tax line, despite losing Chris Paul. They’ll fill out their roster with minimum salary players and will have somewhat limited flexibility in trades unless they dump some salary at some point.
Houston Rockets
- How they created a hard cap: Using non-taxpayer mid-level exception to sign P.J. Tucker and Zhou Qi. Using bi-annual exception to sign Tarik Black.
- Approximate team salary: $119MM
- Breakdown: The Rockets acquired Chris Paul before the new league year began in order to hang onto their mid-level and bi-annual exceptions, and made full use of them. Like the Clippers, the Rockets have some non-guaranteed salary that could be removed from their cap to sneak under the tax line, but they don’t appear concerned about that for now. It will be interesting to see if their hard cap limits their flexibility at all when it comes to adding a highly-paid player like Carmelo Anthony.
Toronto Raptors
- How they created a hard cap: Using non-taxpayer mid-level exception to sign C.J. Miles.
- Approximate team salary: $118MM
- Breakdown: Dumping the salaries of DeMarre Carroll and Cory Joseph allowed the Raptors to use their full mid-level exception, which gave them the opportunity to land a talented swingman like Miles. Toronto was originally planning to acquire Miles via a sign-and-trade, but either approach would have hard-capped the club.
Detroit Pistons
- How they created a hard cap: Using non-taxpayer mid-level exception to sign Langston Galloway and Eric Moreland. Using bi-annual exception to sign Anthony Tolliver.
- Approximate team salary: $116MM
- Breakdown: Once the Pistons added Galloway and Avery Bradley, it became clear that Kentavious Caldwell-Pope wouldn’t return. Even without KCP on their books, the Pistons are inching close to tax territory, though they should be able to avoid crossing that threshold.
Memphis Grizzlies
- How they created a hard cap: Using non-taxpayer mid-level exception to sign Ben McLemore and Rade Zagorac. Using bi-annual exception to sign Tyreke Evans.
- Approximate team salary: $104MM
- Breakdown: The Grizzlies are well below the tax line – and the hard cap – for now, but JaMychal Green‘s new contract looms large. At this point, it seems unlikely that Green will sign a massive offer sheet that forces Memphis into tax territory to match it. But even if Green gets $10-12MM per year, the Grizzlies will get a whole lot closer to the tax threshold, which will limit their ability to add more salary. If they let Green walk, that won’t be a problem, but I’d be surprised if that happens.
San Antonio Spurs
- How they created a hard cap: Using non-taxpayer mid-level exception to sign Rudy Gay.
- Approximate team salary: $97MM
- Breakdown: The hard cap shouldn’t have a major impact on the Spurs, who are still nearly $30MM away from reaching it. However, new contracts for Manu Ginobili and Pau Gasol could take San Antonio a whole lot closer to that tax threshold, depending on how much the club ends up paying its returning veterans.
Update (10-8-2017):
New Orleans Pelicans
- How they created a hard cap: Using non-taxpayer mid-level exception to sign Rajon Rondo, Quincy Miller, and Frank Jackson.
- Approximate team salary: $118MM
- Breakdown: The Pelicans are closer to the hard cap than their team salary would suggest, since several unlikely incentives – which don’t currently count against the cap or tax – count for hard cap purposes. They’ll have to be careful this season about making further signings or taking back more money than they send out in a trade
Salary information from Basketball Insiders, HeatHoops, and ESPN used in this post. Team salary information not up to date.
Cavaliers Sign Cedi Osman
JULY 18: The Cavaliers have officially announced their new deal with Osman, issuing a press release to confirm the signing.
JULY 12: The Cavaliers have agreed to sign draft-and-stash prospect Cedi Osman to a three-year contract worth $8.3MM, sources tell Brian Windhorst of ESPN (Twitter link). Jeff Zillgitt of USA Today adds (via Twitter) that there are no options in the deal.
Osman’s contract, which was first reported by Turkish outlet beIN Sports, will be finalized using a portion of the Cavaliers’ mid-level exception. With no cap room available, Cleveland had the ability to sign Osman using either the MLE or the minimum salary exception. The mid-level will allow the club to give him more than two years and more than the minimum salary.
A 22-year-old wing, Osman was the 31st overall pick in the 2015 draft but has remained overseas since then, playing for Anadolu Efes in Istanbul. In 2016/17, Osman was the club’s leading scorer in Turkish League play, averaging 13.4 PPG and shooting 38.7% on three-pointers in 34 games.
While it remains to be seen whether Osman will be able to contribute immediately in Cleveland, his arrival provides a much-needed injection of youth to an aging Cavaliers roster. With only the $5.192MM taxpayer mid-level exception available to add free agents, few valuable trade chips in hand, and no 2017 draft picks, the Cavs’ ability to add young talent this offseason was very limited.
Of course, while Osman’s new deal looks modest on the surface, the Cavs’ tax position makes it exponentially more expensive. As a repeater taxpaying team that’s already way over the tax threshold, the Cavs would pay more than $4.25 per dollar in tax penalties on Osman’s 2017/18 salary, as things stand.
Current projections have the Cavs on the hook for a $70MM+ tax bill and more than $210MM+ in total salary and taxes, per Bobby Marks of ESPN. The club could reduce its projected tax bill by dumping salary at some point, but that won’t be easy.
It’s also worth noting that the Cavs will contribute about $700K to Osman’s international buyout, according to Windhorst. Teams are permitted to pay up to $675K to a player’s international buyout this season without it counting against the cap (or having to pay tax on that contribution), so Cleveland likely chipped in that amount.
Jazz Sign Thabo Sefolosha To Two-Year Deal
JULY 18: The Jazz have officially signed Sefolosha, the team announced today in a press release. Based on Utah’s other roster moves, it appears the team completed the deal using cap room.
JULY 12: The Jazz have reached an agreement with free agent wing Thabo Sefolosha, according to Shams Charania of The Vertical, who reports that Sefolosha will sign a two-year, $10.5MM contract with Utah.
Sefolosha, 33, has played for the Bulls, Thunder, and Hawks over the course of his 11-year NBA career. In 2016/17, he appeared in 62 games (42 starts) for Atlanta, averaging 7.2 PPG and 4.4 RPG to go along with a .441/.342/.733 shooting line and solid perimeter defense.
In Utah, Sefolosha will help to fill the gap left on the wing when Gordon Hayward departed for Boston. While he won’t come close to matching Hayward’s scoring, the former lottery pick should help stabilize the defense while players like Rodney Hood, Joe Johnson, and perhaps Alec Burks and Donovan Mitchell take on more of the scoring load.
We’ll have to wait to see how Utah handles its cap situation this year to know how the team is signing Sefolosha. The team’s new deal with Joe Ingles isn’t yet official, and it remains to be seen whether Boris Diaw‘s $7.5MM salary will be kept on the books. Depending on how the Jazz manage their cap, Sefolosha could either be signed using cap room or by using a portion of the club’s mid-level exception.
Photo courtesy of USA Today Sports Images.
Spurs, Manu Ginobili Finalizing Agreement
The Spurs are finalizing the details on a new agreement with longtime guard Manu Ginobili, reports Adrian Wojnarowski of ESPN. Ginobili had considered the possibility of retirement, but appears poised to return for at least one more season. It will be his 16th in the NBA.
Ginobili, who will turn 40 later this month, has been a Spur since the 2002/03 season, and continued to play a key role for the team last year. Although he set new career lows in several categories, including PPG (7.5), FG% (.390), and MPG (18.7), the Argentinian made 39.2% of his three-point attempts, and the Spurs had slightly better offensive and defensive numbers when he was on the court.
The Spurs hold Ginobili’s Bird rights, so the team won’t be limited in its ability to offer him a fair salary. While the former second-round pick won’t necessarily be in line for a big payday at this stage in his career based on his 2016/17 production, San Antonio has less than $100MM in team salary on its books for 2017/18, and has already used its full mid-level exception.
As such, the Spurs may be willing to overpay Ginobili a little to reward him for his performance with the franchise over the years, since doing so wouldn’t really limit the team’s spending flexibility. However, the club will also have to account for a new contract for Pau Gasol, who is expected to re-sign at some point.
Dirk Nowitzki (Mavericks) and Tony Parker (Spurs) are the only players who have been on the same team’s NBA roster longer than Ginobili. Nowitzki has been a Maverick since 1998, while Parker joined the Spurs in 2001. Ginobili was technically drafted in 1999, but didn’t sign with the Spurs until 2002.
Ginobili is currently the second-oldest player in the NBA behind Vince Carter, who turned 40 earlier this year.
Photo courtesy of USA Today Sports Images.
Jazz Renounce Jeff Withey, Tyrone Wallace
The Jazz have renounced their rights to free agent center Jeff Withey and former second-round pick Tyrone Wallace, according to RealGM’s transactions log. The moves coincided with the club starting to make its recent signings official, having formally locked up Jonas Jerebko on Monday.
Withey, who appeared in 51 games for the Jazz last season, doesn’t appear to be in the team’s plans for the 2017/18 campaign. Utah selected rookie center Tony Bradley in last month’s draft and has added Jerebko and Ekpe Udoh in free agency, fortifying the club’s depth behind Rudy Gobert. The Jazz could still re-sign Withey if they want to, but they can no longer use his Early Bird rights to do so.
As for Wallace, he was “Mr. Irrelevant” in the 2016 draft, selected with the 60th overall pick a year ago. The 23-year-old point guard spent last season with the Salt Lake City Stars, Utah’s G League affiliate, while the Jazz maintained his NBA rights. Now, however, he’ll be free to sign with any team as an unrestricted free agent.
Removing Withey and Wallace from their books appear to be minor bookkeeping moves for the Jazz. While they won’t have much of an impact on the team’s roster, those moves further signal that Utah is creating as much cap room as possible in order to compete its signings of Jerebko, Udoh, Thabo Sefolosha, and Royce O’Neale. They also signal that the roster is just about full, with no room for players like Wallace to vie for a 15-man spot.
Blake Griffin Signs Five-Year Deal With Clippers
JULY 18: With the Clippers having taken care of most of their other offseason business, Griffin has finally made his new deal official, according to the NBA’s transactions log.
JUNE 30: Forward Blake Griffin will remain with the Clippers, Shams Charania of The Vertical tweets. After cancelling meetings with the Suns and Nuggets, Griffin has come to agreement with the Clippers on a five-year deal worth the maximum salary, putting the overall value of the deal in the neighborhood of $173MM.
The two parties apparently finalized a five-year max deal during their meeting and Griffin didn’t feel the need to entertain offers from any other ball clubs. As Chris Mannix of Yahoo Sports explains, such a deal was likely so long as the Clippers were willing to fully commit to the 28-year-old power forward.
Per Brad Turner of the Los Angeles Times, the Clippers pulled out all the stops in their meeting with Griffin and the forward was impressed. The meeting included what Turner describes as a “museum of Blake,” a recap of all the different parts of life that Griffin has experienced with the franchise, essentially.
With Chris Paul now out of the picture, this will mark the first time since his rookie year that Griffin is the focal point of Los Angeles’ offense. This, ESPN’s Jeff Goodman implies, could have increased the likelihood of a deal.
Despite the trade of Paul and the probable departure of J.J. Redick, the Clippers don’t appear to be ready to enter rebuilding mode. The club’s haul in its deal with the Rockets included multiple solid veteran players – Patrick Beverley and Lou Williams – and a pair of youngsters who could play rotation roles in Sam Dekker and Montrezl Harrell. If the club adds another veteran piece or two in free agency, it looks like a roster capable of contending for a playoff spot.
As we’ve laid out in our max salary projection chart, so long as the NBA’s most recent $99MM cap projection holds up, Griffin will make $29.7MM in 2017/18, gradually increasing up to $39.2MM in 2021/22. That’s a huge investment in a player who has battled injury issues for much of his career, but the former first overall pick is one of the game’s most talented bigs when he’s on the court, and the Clippers will keep him through the rest of his prime years.
According to Ramona Shelburne of ESPN, the deal will not include a no-trade clause.
Photo courtesy of USA Today Sports Images.
International Notes: Huertas, Hamilton, Langford
Veteran guard Marcelo Huertas, who appeared in 76 games for the Lakers over the last two seasons, appears to be headed back overseas. According to international basketball journalist David Pick (Twitter link), Huertas is joining Spanish team Unicaja Malaga, this year’s EuroCup winners.
Huertas averaged 16.4 MPG in 53 contests during his first year in L.A., but saw his role reduced in 2016/17, playing in just 23 games before he was traded to Houston. The Rockets immediately waived Huertas, giving him the opportunity to return to Europe.
Here are a few more updates on international transactions with NBA connections:
- Having been traded by the Nets and waived by the Raptors already this month, center Justin Hamilton appears poised to land in China. Eurohoops passes along a report from Sport 24 that suggests Hamilton is on the verge of signing a lucrative contract with the Beijing Ducks.
- Another notable player is making the move to China, according to David Pick, who reports (via Twitter) that Euroleague scoring leader Keith Langford has agreed to a $2.1MM deal with the Shenzhen Leopards. Langford, 33, has had a long and successful career overseas, appearing only briefly in the NBA with the Spurs in 2007/08.
- Veteran forward Cory Jefferson has signed in Italy with EA7 Milano, a source tells David Pick (Twitter link). It’ll be the first stint in Europe for Jefferson, who played for the Nets and Suns between 2014 and 2016 and was in camp with the Cavaliers last year.
Pacers Rumors: Joseph, Seraphin, Final Roster Spot
The Pacers have already expressed their desire to re-sign Cory Joseph to a long-term deal, Nate Taylor of the Indianapolis Star reports. Indiana reached an agreement to acquire Joseph from the Raptors in a sign-and-trade swap involving swingman C.J. Miles. Joseph will make $7.63MM next season and can opt out of the final year of his contract next summer, which would leave $7.95MM on table. ‘The great thing is we were able to obtain him and now we’ll start the relationship,” team president Kevin Pritchard said. “We want to reset our culture. … We’ll have the opportunity to early renegotiate as well.” The team believes Joseph can be the long-term solution at point guard, though the team also signed Darren Collison as a free agent, Taylor adds. Joseph averaged 12.2 points and five assists in 22 games when Kyle Lowry was injured last season.
- Pritchard indicated the Pacers have 14 guaranteed contracts, which apparently means they will guaranteed Kevin Seraphin‘s contract for next season, Taylor tweets. The team has until Aug. 1st to decide whether to guarantee Seraphin’s $1,974,159 salary. The power forward appeared in 49 games with Indiana last season, averaging 4.7 PPG and 2.9 RPG in 11.4 MPG.
- Pritchard hinted that three players will compete for the 15th and last roster spot, Taylor reports in a separate tweet. Pritchard said there would be 17 players on the training camp roster and the final spot would be determined in camp.
- Joseph is focused on improving his 3-point shooting, according to Mark Montieth of Pacers.com. He made 35.6% of his long-range attempts last season but his career average is 31.7%. “I’m working on it every day,” he told Montieth. “Right now, that’s my next step, to get that better. I’ll continue to work on it and get better at it.”
Community Shootaround: LeBron’s Future
The Cavaliers haven’t been able to make a significant move this offseason and apparently LeBron James is frustrated about that. According to a story by Jeff Zillgitt of USA Today, James is unhappy that owner Dan Gilbert failed to extend the contract of GM David Griffin and his top assistant Trent Redden, which hampered the team’s trade talks.
Cleveland struck out in the Paul George and Jimmy Butler sweepstakes, while the Celtics got stronger by signing Gordon Hayward. James is partly to blame for the Cavs’ difficulty in acquiring another impact player. He urged the previous front office to re-sign Tristan Thompson and J.R. Smith to big contracts and acquire role players such as Channing Frye, who remains on the payroll.
It’s expected that James will opt out of the final $35.6MM on his contract after next season and become an unrestricted free agent. When James signed up for a second stint with Cleveland, it was generally assumed that he’d finish his career in his home state. Given the rise of the Warriors and his irritation over the Cavs’ front office situation and the team’s stagnant roster, that’s far less certain.
Speculation has James joining up with another All-Star such as Paul George and signing with the Lakers next summer. Of course, that’s predicated on how much George enjoys playing in Oklahoma City with Russell Westbrook. But the Lakers will have plenty of cap room to pursue top free agents, and James could more easily pursue his other business interests and movie career by taking his talents to Tinseltown.
It’s also within the realm of possibility that another team could swoop in and convince James that he’s the missing piece to its title run.
That brings us to our question of the day: Do you think LeBron James will remain with the Cavaliers beyond next season?
Please take to the comments section and share your thoughts on this topic. We look forward to what you have to say.