Cavs Offer Chauncey Billups Top Front Office Job
11:21am: The Cavs have offered Billups a president of basketball operations position, according to ESPN’s Brian Windhorst, who tweets that Billups remains undecided on accepting. According to Sam Amico of USA Today (Twitter link), Billups is weighing the fact that LeBron James could leave next summer, as well as considering the prospect of being objectively critical about Tyronn Lue, who is a close friend.
10:41pm: The Cavaliers have offered Chauncey Billups a five-year contract to run the team’s front office, reports Jason Lloyd of The Athletic. Sources with knowledge of the discussions tell Lloyd that Billups has yet to formally accept the offer.
Billups has been viewed as the odds-on favorite to replace David Griffin as the head decision-maker in Cleveland’s front office since Griffin and the Cavs announced on Monday that they were parting ways. According to reports, Billups met with owner Dan Gilbert on Tuesday, then returned for a second meeting on Wednesday.
Lloyd writes that Gilbert and Billups spent the day on Wednesday at Quicken Loans Arena, with Billups being introduced to many of the executives who would be working under him if he takes a position with the Cavs.
If Billups accepts the Cavs’ reported offer, he figures to take on the role of president or vice president of basketball operations. Although he has never worked in an NBA front office before, Billups would likely have final say on personnel decisions, though I expect the Cavs would add a veteran executive to the mix for day-to-day matters, perhaps with a GM title.
Gilbert and assistant GM Koby Altman have continued to run the Cavs’ front office since Griffin’s departure, with the team reportedly being aggressive in seeking out possible trades.
NBA’s Salary Cap Projection Down To $99MM
The NBA has informed teams that the salary cap for the 2017/18 season is expected to come in at $99MM, according to Jay King of MassLive.com (Twitter link). The luxury tax line would be at $119MM, per Eric Pincus of Bleacher Report (Twitter link).
Although that’s still a solid increase over this year’s $94.143MM cap, it’s down from the most recent projection supplied by the league in early April. At that time, the NBA projected a $101MM cap, so teams have likely had that figure in mind as they make their preparations for the draft and free agency.
The reduced salary cap projection won’t exactly blow up any teams’ offseason plans, but it could make things more challenging for teams looking to open up cap space for a marquee free agent — clubs may have to clear an extra $2MM in order to make room for a maximum salary contract, though max salaries would be slightly smaller than anticipated as well.
At one point, the salary cap for 2017/18 was expected to climb to $108MM, but the NBA’s projections have gradually gotten more modest within the last year. Larger-than-anticipated free agent spending in 2016 contributed to that decline, and the fact that the 2017 postseason featured fewer games than usual played a part as well.
The NBA will formally announce the salary cap for 2017/18 by the start of July, so nothing is official yet.
Latest On Kristaps Porzingis, Knicks
10:19pm: The Knicks have talked with each team in the top five of Thursday’s draft about Porzingis, in an effort to extract a pick and a young potential star, sources tell Ian Begley and Ramona Shelburne of ESPN.com. According to the ESPN report, the Knicks have had “substantive” talks with two teams, plus the Suns.
Sources tell ESPN that the Knicks have also spoken Oklahoma City about a possible Porzingis trade, but one source says the Thunder “don’t have enough” to be a viable trade partner.
8:40pm: Asked about what it would take to trade Porzingis, Jackson suggested the Knicks may be seeking two starters and a draft pick (Twitter link via Al Iannazzone of Newsday).
8:27pm: In an interview tonight on MSG, team president Phil Jackson confirmed that the Knicks are listening to calls on Porzingis. “As much as we love this guy, we have to do what’s best for the club,” Jackson said of the big man (Twitter links via Ian Begley of ESPN.com).
Jackson also suggested that he was somewhat bothered by Porzingis skipping his exit meeting. Still, he cautioned that the Knicks aren’t yet “intrigued” enough by what’s out there to make a move (Twitter links via Tommy Beer of Basketball Insiders).
8:15pm: After a flurry of Kristaps Porzingis trade rumors surfaced on Tuesday, a follow-up report suggested that the trade talk was somewhat overblown, and that the Knicks were simply listening to calls rather than actively shopping the big man.
However, on The Vertical’s Facebook Live show on Wednesday, Adrian Wojnarowski said that the Knicks aren’t simply listening to inquiries, reporting that they’ve also been making outgoing calls about Porzingis. While Wojnarwoski acknowledges that New York’s asking price is high, and that a deal won’t necessarily happen, he notes that the Knicks appeared to be legitimately exploring the possibility, and haven’t told Porzingis he’s not going anywhere.
Here’s more on Porzingis:
- According to Wojnarowski, the Knicks would be seeking a top-four draft pick and a starting guard in exchange for Porzingis. Marc Berman of The New York Post (Twitter link) reports something similar, having heard that New York would want a top-four pick plus a “strong” asset for Porzingis.
- We heard on Tuesday that the Knicks asked the Suns for Devin Booker and the No. 4 selection, so that sounds like the sort of package Wojnarowski and Berman are talking about. Besides Phoenix, the Celtics would seem to be the most logical trade partner for the Knicks.
- If they were able to land a top-four pick in a deal for Porzingis, the Knicks would likely aim to draft Josh Jackson, says Wojnarowski.
- Ian Begley of ESPN.com (Twitter link) follows up on an item he reported on Tuesday, clarifying that members of the Knicks organization have been in touch with Porzingis since the end of the season, though that contact has been “very minimal.”
Wizards Notes: Frazier, Burke, Gortat, Tax
Finding a reliable backup for point guard John Wall and fortifying their bench are two of the Wizards’ top priorities heading into the offseason, and on Wednesday, the team made a move that may have checked both boxes. Washington sent the No. 52 overall pick to New Orleans in exchange for guard Tim Frazier, who saw plenty of action at the point for the Pelicans this season and will earn a modest $2MM salary in 2017/18.
While there’s no guarantee Frazier will be the answer as Wall’s backup, he’s a solid rotation player and the Wizards didn’t have to give up much to get him. According to Candace Buckner of The Washington Post, Frazier has been on the Wizards’ radar for some time, and the club also tried to acquire him at February’s trade deadline.
Here’s more out of Washington:
- Trey Burke, who handled point guard duties for part of the 2016/17 season, is eligible for restricted free agency this summer, but the Wizards won’t tender Burke a qualifying offer, per J. Michael of CSNMidAtlantic.com. With no QO in hand, Burke will become an unrestricted free agent on July 1.
- At season’s end, Marcin Gortat questioned his role in Washington and suggested he may seek a trade, but Wizards president Ernie Grunfeld sounds like he expects to retain the veteran center, according to Chase Hughes of CSNMidAtlantic.com. “I’ve talked to March,” Grunfeld said. “March is with us. March, we’ve had him for four years. He’s averaged a double-double for four years. He’s been in the second round for three out of those four years and is a big part of what we’re doing. Everybody has frustration after a tough loss and a tough series. March is with us and he’s going to be a big part of what we’re doing.”
- Grunfeld also acknowledged that the Wizards should be willing to go into the luxury tax territory this offseason, if necessary, Hughes writes in a separate CSNMidAtlantic.com story. “We’ll see how everything goes. If it’s the right player, I don’t think we have a problem going over,” Grunfeld said.
- According to TNT’s David Aldridge and Tim Bontemps of The Washington Post (Twitter links), the Wizards are open to buying their way back into the second round of Thursday’s draft if the opportunity arises. Currently, the team has no picks.
Trade Rumors: Butler, Bledsoe, Hawks, Cavs
While the Bulls still aren’t close to moving Jimmy Butler, there appears to be more “organizational alignment” than there was last year on the idea that a rebuild is in the team’s best interest, reports K.C. Johnson of The Chicago Tribune. Chicago’s asking price for Butler hasn’t changed, according to Johnson, who says the team would be seeking starters or rotation players, along with multiple high draft picks.
Since the Bulls would like to land a high pick in Thursday’s draft if they move Butler, the Celtics (No. 3), Suns (No. 4), and Timberwolves (No. 7) would make sense as trade partners. However, as Johnson details, the Bulls have received the impression that Boston plans to use the third overall pick, and Minnesota’s seventh overall pick likely wouldn’t put Chicago in position to nab one of the top prospects they like, such as De’Aaron Fox or Josh Jackson.
Here are more trade rumors from around the league, including notes on Chicago’s other potential trade partner, the Suns:
- The Suns have explored the possibility of trading their No. 4 overall pick in a deal for a star, having looked into players like Butler, Paul George, and Kristaps Porzingis, Adrian Wojnarowski noted during The Vertical’s live show on Wednesday night. Sources tell K.C. Johnson that Phoenix is also looking to include Eric Bledsoe, who has two years left on his contract, in any major trade package.
- On The Vertical’s live show, Wojnarowski identified the Hawks as a team to watch on the trade market, suggesting that new GM Travis Schlenk may be looking to cut costs as he retools the roster. Kent Bazemore could be a trade candidate in Atlanta, per Wojnarowski.
- Even without a GM in place, the Cavaliers continued to work “furiously” on Wednesday pursuing trade possibilities, writes Joe Vardon of Cleveland.com. It appears the Cavs and Chauncey Billups are close to reach an agreement that would add him to their front office, but the team is more focused on working the trade market, and will continue trying to find a deal on Thursday.
- Within a larger piece about the draft, Ryan Wolstat of The Toronto Sun suggests the Raptors are confident about their chances to re-sign Serge Ibaka in free agency, which could make Jonas Valanciunas expendable in the right deal.
Wizards Acquire Tim Frazier From Pelicans
8:32pm: The trade is official, the Pelicans confirmed in a press release.
7:32pm: The Wizards and Pelicans have agreed to a trade that will send guard Tim Frazier to Washington, reports Michael Scotto of Basketball Insiders. According to Scotto (via Twitter), the Pelicans will receive this year’s No. 52 overall pick in the deal.
Frazier, 26, signed a two-year contract with the Pelicans last summer after impressing the team in a brief 2015/16 audition. He appeared in a career-high 65 games (35 starts) for New Orleans this past season, acting as the starting point guard early in the year when Jrue Holiday was unavailable, then re-entering the starting lineup late in the season after the Pelicans traded several guards. For the season, Frazier averaged a respectable 7.1 PPG and 5.2 APG.
Despite a solid year for the Pelicans, Frazier apparently wasn’t in the team’s plans going forward. New Orleans will send the Penn State product to the Wizards, who have been in the market for a point guard capable of backing up John Wall after Brandon Jennings and Trey Burke underwhelmed in 2016/17.
Frazier will be an inexpensive bench option for the Wizards, who will be on the hook for his modest $2MM salary next season. Although Washington is currently well over the cap, the team can take on Frazier using a traded player exception created in a February deal with the Nets.
That trade exception, worth approximately $2.5MM, will be used to absorb Frazier’s current salary of $2.09MM. Meanwhile, the Pelicans will create a TPE worth Frazier’s salary, though that exception will disappear in July if the team uses cap room.
With Frazier no longer in the picture, the Pelicans have two guards – E’Twaun Moore and Quincy Pondexter – on guaranteed contracts for 2017/18, with two more – Jordan Crawford and Quinn Cook – on non-guaranteed deals. Fortifying the backcourt and potentially re-signing Holiday will be top priorities for New Orleans this summer.
Photo courtesy of USA Today Sports Images.
Mavs, Timberwolves Discussed Rubio, Matthews
The Mavericks and Timberwolves discussed a potential trade that would have sent Ricky Rubio and the No. 7 pick to Dallas in exchange for Wesley Matthews and the No. 9 pick, reports Tim MacMahon of ESPN.com. However, a source described those talks as “dead” at this point, according to MacMahon, who adds that Dallas doesn’t feel any urgency to move up in the draft.
MacMahon’s report isn’t the first to suggest that the Mavs have considered the possibility of acquiring Rubio. We heard over the weekend that Dallas had held in-house talks regarding the availability of the veteran point guard. ESPN’s Chad Ford also suggested this week that the Mavs might explore moving up in the draft and leapfrogging the Knicks — both Dallas and New York (No. 8) reportedly like Frank Ntilikina.
When I examined the Mavs’ upcoming offseason on Monday, I noted that a trade involving Rubio and Matthews might make some sense. Their salaries aren’t far apart, and the Wolves figure to be in the market for a three-and-D wing. As I wrote in that piece, Rubio – who has two years left on his contract – could also serve as a nice stopgap at the point for the Mavs if the team lands a player like Ntilikina or Dennis Smith Jr. in the draft.
At this point, it doesn’t appear the Mavs and Wolves will work out a deal. But if Minnesota does trade Rubio, look for the club to enter the George Hill sweepstakes “full bore” in July, says Tony Jones of The Salt Lake Tribune (Twitter link).
Lakers’ Nick Young Declines 2017/18 Player Option
Nick Young has turned down his player option with the Lakers for the 2017/18 season, reports Brad Turner of The Los Angeles Times (via Twitter). As a result of the move, Young will become an unrestricted free agent on July 1.
[RELATED: NBA Player Option Decisions For 2017/18]
Last offseason, Young was viewed as a potential release candidate for the Lakers. At the time, he was coming off a season in which he averaged career-worst marks in PPG (7.3) and FG% (.339). However, he enjoyed a solid bounce-back season in 2016/17, starting 60 games for Los Angeles, averaging 13.2 PPG, and posting a shooting line of .430/.404/.856.
Young’s deal with L.A. included a 2017/18 player option that would have paid him approximately $5.67MM. Heading into the free agent market, he should be able to comfortably top that figure. This year’s group of free agent shooting guards isn’t particularly strong, and Young’s 2.8 three-pointers per game was a top-10 mark in the NBA — that outside shooting ability should be coveted by a number of teams.
Young has talked in the past about how much he enjoys playing in Los Angeles, so it’s possible that he and the Lakers work out a new contract to keep him in the mix. However, the Lakers already have an eye toward their 2018 cap flexibility, and won’t want to add much guaranteed money to their books, since it could compromise their pursuit of impact players next year.
Assuming Young lands elsewhere, adding shooting will be a priority for the Lakers this offseason. Young and D’Angelo Russell, who is headed to Brooklyn, were the team’s top two three-point shooters in 2016/17.
Photo courtesy of USA Today Sports Images.
Celtics Rumors: No. 3 Pick, Tatum, Isaac, Smith
With just over 24 hours until the NBA draft gets underway, one NBA executive tells Steve Bulpett of The Boston Herald that the Celtics may be looking into the possibility of moving down in the draft again. Kevin O’Connor of The Ringer tweets that he has heard the same thing.
Per Bulpett, most sources still believe that the Celtics’ decision will come down to Josh Jackson and Jayson Tatum, but it doesn’t appear Boston is necessarily locked in on one specific player at No. 3. Jonathan Isaac has even “crept into the speculation,” according to Bulpett, who adds that another exec believes the C’s would like to find a way to end up with point guard Dennis Smith Jr. — that scenario would almost certainly involve a trade down.
Here’s more out of Boston:
- A coach from one NBA franchise tells Bulpett that if you asked 10 different teams which player Danny Ainge wants in this draft, you might get 10 different answers. “We call him the minister of disinformation,” the coach said of Ainge. “He’s putting a lot of stuff out there.”
- Rumblings on Wednesday have indicated the Celtics may be leaning more toward Tatum than Jackson with the third overall pick. Jonathan Givony of DraftExpress appears to be on board that bandwagon — his latest mock draft for The Vertical has Boston selecting Tatum at No. 3, though he acknowledges Jackson is also in the conversation.
- The NBA’s rumor mill appears to be more active this year than it usually is prior to the draft, and the Celtics – loaded with assets of all sorts – are at the eye of the storm, writes A. Sherrod Blakely of CSNNE.com.
Rockets GM Daryl Morey Signs Four-Year Extension
5:06pm: Morey’s new deal is now official, with the Rockets announcing the extension in a press release.
“Daryl has consistently proven to be one of the top minds and innovators in our league,” Rockets owner Leslie Alexander said in a statement. “I’m thrilled to continue to work with Daryl towards our pursuit of winning another championship for the Rockets, the City of Houston, and our fans all over the world.”
12:28pm: The Rockets have agreed to a four-year extension with GM Daryl Morey, according to Mark Berman of Fox 26 in Houston. He is now under contract through 2021/22.
Morey, who had one year remaining on his current deal, joined the organization in 2006 and took over GM duties a year later. He has turned the Rockets into consistent contenders, and the team posted the NBA’s third-best record this season.
His most successful move has been a 2012 trade that brought James Harden from Oklahoma City in exchange for a package of players and draft picks.