Blazers, Heat, Thunder, Wolves Paid Tax For 2019/20
Just four NBA teams finished the 2019/20 season in tax territory and none of those clubs will be on the hook for a substantial bill. As Tim Reynolds of The Associated Press relays (via Twitter), this season’s four taxpayers, along with the penalties they’ll pay, are as follows:
- Portland Trail Blazers: $5,082,084
- Miami Heat: $2,461,242
- Oklahoma City Thunder: $2,102,278
- Minnesota Timberwolves: $497,502
Since half of the luxury tax penalty money is reallocated to the teams that finished out of the tax, those 26 non-tax clubs are in line for modest payouts of $195,060, per ESPN’s Bobby Marks (via Twitter). Marks notes that the $10,143,106 in total tax penalties represents the lowest leaguewide amount since the NBA introduced its luxury tax system in 2002/03.
While those four teams wouldn’t have been subjected to big tax bills either way, they received a small break from the NBA, according to Marks and Eric Pincus of Bleacher Report (Twitter links). The league implemented its anticipated tax adjustment for 2020/21 a year early, reducing teams’ penalties by the percentage that the league’s basketball related income (BRI) fell short of the preseason projection.
As cap expert Albert Nahmad and Shams Charania of The Athletic detail (via Twitter), the NBA ultimately finished with a BRI figure of $6.865 billion after initially projecting $8.034 billion. That means the league only earned about 85.4% of its anticipated BRI and in turn only charged taxpaying teams 85.4% of their tax penalties.
For example, Portland should have owed $5,947,943 in tax penalties, but was only charged $5,082,084. The other three taxpaying clubs received similar reductions.
The Blazers only saved about $866K based on the league’s leniency and the other three clubs saved less than that, but the temporary change the tax system could have a significantly greater impact in 2020/21, when more clubs project to be in the tax and the NBA is bracing for a more substantial loss in revenue.
O’Connor’s Latest: Bucks, Mavs, LaVine, Gordon, More
The Bucks are active in trade discussions and have offered point guard Eric Bledsoe to multiple teams, league sources tell Kevin O’Connor of The Ringer. As the Bucks look to upgrade their roster around reigning MVP Giannis Antetokounmpo and standout forward Khris Middleton, it sounds like they’re focusing on two-way forwards with defensive versatility — according to O’Connor, the club is pursuing Rockets veterans Robert Covington and P.J. Tucker.
O’Connor’s latest mock draft at The Ringer includes plenty of interesting tidbits, including a couple we’ve already passed along. Here are a few more highlights:
- Multiple teams, including the Mavericks, have contacted the Bulls this offseason to inquire on Zach LaVine‘s availability, says O’Connor. It’s not clear if Chicago would have any interest in moving its leading scorer.
- League sources tell The Ringer that the Magic have made efforts to move up into the lottery by attaching Aaron Gordon to their No. 15 selection.
- O’Connor writes that the Suns are “hoping” to use their No. 10 pick in a trade for Chris Paul. That would seemingly contradict an earlier report that suggested Phoenix probably wouldn’t that pick in an offer for the Thunder point guard.
- Executives around the NBA are fairly confident that Deni Avdija won’t fall past Cleveland at No. 5, according to O’Connor, who is the latest to report that the Cavaliers are high on the Israeli wing.
- There has been increasing buzz surrounding Serbian forward Aleksej Pokusevski, with execs around the league increasingly believing that he’ll be a lottery pick, per O’Connor.
- Oregon guard Payton Pritchard is receiving interest from multiple teams near the end of the first round, sources tell O’Connor. One of those sources thinks Pritchard may even have a promise.
Celtics Interested In Jrue Holiday
The Celtics are interested in Pelicans guard Jrue Holiday, according to Kevin O’Connor of The Ringer.
O’Connor, who previously reported that Boston was interested in packaging its three first-round picks (Nos. 14, 26, and 30) in order to move up in the draft – perhaps to No. 6 – hears from multiple league sources that Boston’s intent would be to flip that newly-acquired mid-lottery pick to New Orleans in a deal for Holiday.
As O’Connor observes, the Celtics wouldn’t be able to take on Holiday’s contract ($26.2MM in 2020/21) without sending out significant salary of their own. Kemba Walker ($34.4MM) and Gordon Hayward ($34.2MM) are the only two players that would really make sense as outgoing pieces.
Presumably, of those two veterans, Boston would be more inclined to move Hayward, who would be on an expiring contract if he picks up his player option. Walker is under contract through 2023. It’s possible a deal between the C’s and Pelicans would also include other players and/or picks.
Holiday, 30, is coming off a 2019/20 season in which he averaged 19.1 PPG, 6.7 APG, 4.8 RPG, and 1.6 SPG with a shooting line of .455/.353/.709 in 61 games (34.7 MPG) for the Pelicans. Although he didn’t earn a spot on one of this season’s All-Defensive teams, he has done so twice in the past and is widely considered one of the NBA’s best perimeter defenders. He holds a $27.1MM player option for 2021/22, giving him an opportunity to reach free agency next year.
New Orleans is said to be “openly discussing” the possibility of trading Holiday, with the Hawks and Nuggets among the many teams linked to him.
Spurs Shopping Mills, Aldridge, DeRozan?
As we detailed on Wednesday, there has been increasing chatter as of late about the possibility that the Spurs will have an active offseason. Addressing that possibility within his latest mock draft, Kevin O’Connor of The Ringer reports that San Antonio is shopping point guard Patty Mills and is also “looking to unload” veterans LaMarcus Aldridge and DeMar DeRozan.
All three players are entering contract years in 2020/21, with Mills set to earn $13.3MM, Aldridge to make $24MM, and DeRozan on the books for $27.7MM.
According to O’Connor, the Bucks and Sixers are among the teams that have expressed interest in Mills. If the Spurs were to make a deal with Philadelphia, Josh Richardson would likely head to San Antonio in the swap, O’Connor notes.
As for Aldridge and DeRozan, O’Connor confirms that there is buzz – first reported by ESPN’s Zach Lowe – about the possibility of the Warriors pursuing Aldridge in a deal that would involve the No. 2 pick in the draft. It’s not clear exactly what such a trade would look like, but Andrew Wiggins would presumably have to be included for salary-matching purposes.
Meanwhile, O’Connor has also heard that the Lakers have some interest in acquiring DeRozan, suggesting that Danny Green and Kyle Kuzma would be part of a hypothetical deal. In order to match DeRozan’s $27.7MM cap hit, the Lakers would have to add a few million more dollars to that package.
The Spurs typically don’t make major splashes on the trade market unless their hand is forced, as in the case of 2018’s Kawhi Leonard blockbuster. However, with virtually all of their veteran players – including Rudy Gay – expected to be on expiring contracts next season, the team could have some interesting options available as it looks to pivot to building around its younger generation of players.
Mike Conley Opting In With Jazz For 2020/21
Jazz point guard Mike Conley won’t exercise the early termination option on his contract for the 2020/21 season, reports Chris Haynes of Yahoo Sports (via Twitter).
Unlike a standard player option, an early termination option must be exercised in order for the player to reach free agency immediately — as its name suggests, it ends the contract early. By waiving that ETO, Conley is essentially opting into the final year of his contract in ’20/21. He’ll earn a $34.5MM salary next season before becoming a free agent in 2021.
Conley’s decision doesn’t come as a surprise. Following a somewhat up-and-down first year in Utah in 2019/20, the 33-year-old was unlikely to come anywhere close to matching his $34.5MM salary if he had opted for free agency and signed a new deal — especially with the NBA’s salary cap remaining flat at $109MM.
After 12 seasons with the Grizzlies, Conley was sent from Memphis to Utah last summer. He averaged 14.4 PPG, 4.4 APG, and 3.2 RPG with a .409/.375/.827 shooting line in 47 games (29.0 MPG) for the Jazz. The veteran guard got more consistent and found his footing as the season went on, recording 19.8 PPG and 5.2 APG on .484/.529/.864 shooting in five postseason contests.
With Conley, Donovan Mitchell, Rudy Gobert all locked up for next season and Bojan Bogdanovic expected to be back following wrist surgery, the Jazz will be looking to make a deeper playoff run in 2021. The team is expected to focus on bolstering its wing defense this offseason, as well as possibly extending both Mitchell and Gobert.
Accounting for Conley’s substantial cap hit, Utah is now an over-the-cap team, with approximately $112MM in guaranteed money committed to eight players. Even after adding the cap hold for their first-round pick and multiple non-guaranteed salaries to that figure, the Jazz should have the flexibility to use their full mid-level exception and/or re-sign Jordan Clarkson.
Photo courtesy of USA Today Sports Images.
Draft Rumors: Warriors, Vassell, Suns, Spurs, Mavs, More
The Warriors continue to actively discuss trades involving the No. 2 pick, according to Jonathan Givony of ESPN (Insider link), who writes within his latest mock draft that the Bulls, Pistons, and Knicks are among the candidates to make a deal with Golden State.
If the Warriors remain at No. 2, the team seems more likely to select Memphis center James Wiseman than Georgia guard Anthony Edwards, per Jonathan Wasserman of Bleacher Report. Wasserman has heard that there are some voices in Golden State’s front office against drafting Edwards, as well as mixed opinions within the front office on LaMelo Ball.
As Wasserman details, the Warriors have also expressed “legitimate” interest in sharpshooting wing Devin Vassell, but the assumption is that the club wouldn’t take the Florida State prospect at No. 2 — he’d be an option in a trade-down scenario. Wasserman adds that Vassell’s camp is confident he’ll go in the middle of the lottery and is unlikely to slip past the Kings at No. 12.
Here are a few more draft-related updates and rumors:
- According to Givony, the Suns (No. 10) are “looking heavily” at point guards and wing players, especially prospects who can complement Devin Booker, while the Spurs (No. 11) are eyeing both big men and wings in the hopes of bolstering their frontcourt.
- The Mavericks have expressed some interest in trading up into the lottery, league sources tell Jeremy Woo of SI.com. Dallas currently holds the 18th and 31st overall picks.
- Teams with picks in the 20s aren’t expecting Precious Achiuwa to be available, according to Wasserman, who says the Memphis forward will likely be picked in the 9-18 range.
- Multiple teams believe Arizona shooting guard Josh Green could slip a little, with some clubs viewing him as a “fringe first-rounder,” writes Wasserman.
- Jaden McDaniels, Tyrell Terry, Daniel Oturu, Tyrese Maxey, and RJ Hampton are among the first-round candidates with the widest projected draft ranges, per Wasserman.
Pacers Rumors: Oladipo, Turner, Brogdon, More
Victor Oladipo agitated some of his Pacers teammates by saying some iteration of “Can I come play with y’all?” to members of the Raptors, Heat, and Knicks last season in front of his teammates, three sources tell J. Michael of The Indianapolis Star.
According to Michael, Oladipo has also gained a reputation throughout his career for being moody — he’ll be positive when things are going well, but has a tendency to point fingers if they aren’t, sources tell The Indy Star.
Still, Michael says the odds have increased that Oladipo will still be in Indiana when the 2020/21 season gets underway. As Michael explains, replacing head coach Nate McMillan with Nate Bjorkgren has helped “change the tone” for the Pacers, whose front office has maintained a “good rapport” with Oladipo. According to Michael, Oladipo’s agent Aaron Turner has also conveyed to the franchise that his client would like to stick around.
The Pacers have engaged in trade discussions involving Oladipo, including in hypothetical three-team deals that would also include big man Myles Turner, sources tell Michael. But for now, the two-time All-Star seems more likely than not to remain a Pacer until at least the 2021 trade deadline.
Here’s more on the Pacers:
- Indiana is keeping the door open for possible contract extension talks with Oladipo, but doesn’t expect a deal to be reached before he hits free agency in 2021, writes Michael. Signing a new contract in free agency would be the best way for Oladipo to maximize his earnings, since the most lucrative extension the Pacers can offer is worth less than the max.
- Turner has generated plenty of interest, with the Celtics and Hornets believed to be among the teams with an eye on him, according to Michael. League sources with knowledge of the situation tell The Indy Star that while Turner entered the offseason resigned to the possibility that he may be playing elsewhere in 2020/21, the most recent interactions he has had with the franchise suggest he may end up staying put.
- After joining the Pacers in 2019, Malcolm Brogdon emerged as the team’s leader. A league source told The Indy Star earlier this year that Oladipo felt it was “no longer his locker room” when he returned from his quad tendon injury, and two sources have since confirmed that sentiment, per Michael.
- Brogdon was also the player who was most outspoken and displeased with McMillan’s coaching style, which was referred to as “coaching through fear,” according to Michael.
Hornets Emerge As Potential Russell Westbrook Suitor
The Hornets have emerged as a potential suitor for disgruntled Rockets star Russell Westbrook, sources tell Shams Charania of Stadium (video link). Westbrook is reportedly hoping for a trade out of Houston.
Charlotte would be an intriguing trade partner for the Rockets. President of basketball operations Mitch Kupchak has said repeatedly that the Hornets are unlikely to make a big splash in free agency with their cap room, which makes sense, since Charlotte isn’t traditionally a major free agent destination. However, the team could take advantage of that cap space if it pursues an impact player with an oversized cap hit like Westbrook’s ($41.4MM in 2020/21).
The Hornets will also have veteran forward Nicolas Batum on a pricey expiring contract ($27.1MM) that could be used as an outgoing trade chip.
Of course, the Hornets’ top two scorers last season were Terry Rozier and Devonte’ Graham, both of whom ostensibly play point guard. If the Rockets and Hornets pursue a Westbrook trade, it’s not clear whether Rozier or Graham would be part of a deal or if Charlotte would look to move one of those players in a separate move.
The Hornets also hold the No. 3 pick in next Wednesday’s draft, though I’d be pretty surprised if the club put that pick on the table for Westbrook, given his age (he turns 32 today) and the three years and $132MM left on his contract. Charlotte’s No. 32 overall pick is more likely to be in play in a swap involving the former MVP.
Charania points out that Westbrook’s Jordan Brand sponsorship deal is another factor working in favor of a deal with the Hornets. Still, it doesn’t sound like there’s any traction between the two sides yet, and I’d expect other potential suitors to step up in the coming days and perhaps weeks.
Tampa Emerging As Raptors’ Most Likely Temporary Home?
With NBA training camps set to get underway in less than three weeks and the regular season scheduled to tip off in less than six weeks, the Raptors don’t have much time to figure out where they’ll be playing in 2020/21.
The franchise’s strong preference is still to spend the season in Toronto, with one team executive telling Michael Grange of Sportsnet.ca, “If we can get it done in Toronto, we’d to it tomorrow.” However, restrictions on travel between the U.S. and Canada due to the coronavirus pandemic will make it impractical for teams to be going back and forth across the border for the next several months.
As such, the Tampa Bay area has emerged as the most likely temporary home for the Raptors, team and league sources tell Grange. Tampa had been one of several rumored options the club was considering, along with along with Nashville, Newark, and Kansas City, among others. Now, it sounds like Tampa has the upper hand on those other locations.
“Ideally, the Raptors are able to play their upcoming season in Toronto,” Rob Higgins, executive director of Tampa Bay Sports Commission, said in an email to Sportsnet.ca on Wednesday. “But should that not be possible, we would have a strong interest in working to successfully meet and exceed their expectations as an alternative host. We’ve enjoyed our preliminary conversations with their organization and stand ready to assist if needed.”
The Raptors have reportedly engaged in discussions with Canadian government officials in the hopes of figuring out a plan that will allow them to play their games in Toronto. However, it might be a tough sell, with COVID-19 case numbers increasing in recent weeks on both sides of the border.
While the organization is willing to take the decision down to the wire, it wants to have some clarity before the start of training camp, according to Grange, who says the Raps don’t want to conduct their camp in Toronto and then play elsewhere during the season, like the Blue Jays did earlier this year.
“If we’re here for training camp, we’re here for the season,” an insider told Sportsnet. “We’re not going to come back and then have to find another place to play.”
Hawks Rumors: Holiday, No. 6 Pick, Haliburton, Okongwu
Following up on Wednesday’s report linking the Hawks to Jrue Holiday, Chris Kirschner of The Athletic explains in further detail why he’s hearing that Atlanta currently isn’t a probable landing spot for the Pelicans guard.
According to Kirschner, there’s a belief that if Atlanta pursued Holiday, it would take the No. 6 overall pick and two young players. The Hawks aren’t interested in giving up that substantial a package for a 30-year-old on an expiring contract, even if Holiday would be a great fit next to Trae Young in the backcourt.
The Hawks could still be involved in a three-team deal where Holiday goes to another team, and could even emerge as a viable landing spot for Holiday if the Pelicans’ asking price drops, says Kirschner. However, a trade that sees the club giving up two young players isn’t being considered.
Here’s more on the Hawks from Kirschner:
- Kirschner also addressed trade rumors related to the No. 6 pick, writing that if the draft were today, Atlanta would be prepared to make that selection rather than moving it. He also clarifies that the rumored Timberwolves proposal for the No. 6 pick – which includes the No. 17 pick and Jarrett Culver – is an offer Minnesota has put on the table for multiple teams.
- Deni Avdija, Tyrese Haliburton, and Onyeka Okongwu look like the Hawks’ most likely targets if the club remains at No. 6, though Avdija may be off the board by then, Kirschner writes. If Haliburton and Okongwu are available, Kirschner thinks Atlanta would probably lean toward the former Iowa State guard.
- Kirschner wonders if the Spurs, who own the No. 11 pick, might be a potential trade partner for Atlanta. Kirschner believes the Hawks would be interested in moving down if they could acquire a young player like Derrick White or Dejounte Murray, though I’m skeptical San Antonio would give up either player to move up five spots. Because Atlanta would prefer a young player whose timeline matches up with the current core, veterans like LaMarcus Aldridge and DeMar DeRozan are probably unlikely targets, Kirschner adds.