Sixers Won’t Re-Sign Nunnally
With his second 10-day contract having expired, the Sixers won’t sign wing James Nunnally for the remainder of the season, reports Shams Charania of RealGM.com. The Sixers have used the end of their roster for auditioning players for the future, and Nunnally averaged three points and shot 33.3 percent from three-point range in nine games.
Nunnally said he had enjoyed his time with the Sixers, and now his agent, Bill Neff, will try to find a team with a more structured offensive system to better utilize his client, writes Charania. Nunnally had also earned two 10-day deals with the Hawks back in January.
Undrafted in 2012, Nunnally excelled in Summer League a season ago and has used the NBA Development League to earn two call-ups. He has averaged 18.1 PPG and 4.5 RPG in 35 games this season with the Texas Legends and Bakersfield Jam.
Southeast Rumors: Haslem, Brand, Magic
The Hawks can go a long way toward the playoffs if they win at home tonight against the Cavs, while a loss puts Atlanta in trouble. The Southeast Division could have as many as four teams in the playoffs, with the Heat leading the way, as usual. Here’s the latest on the Heat and their division rivals:
- A source tells Bleacher Report’s Ethan Skolnick that the Heat fielded offers for Udonis Haslem before the deadline this year, and Mario Chalmers and others in the locker room are glad the team didn’t deal away Haslem and mess with its chemistry.
- Elton Brand still hasn’t made up his mind about returning for a 16th NBA season next year, tweets Chris Vivlamore of the Atlanta Journal-Constitution. The Hawks center will be a free agent at the end of the season.
- The players the Magic acquire in the offseason could determine whether the team continues its experiment with rookie Victor Oladipo at point guard, coach Jacque Vaughn told reporters, including Brian Schmitz of the Orlando Sentinel.
Team Options And Restricted Free Agency
Every rookie scale contract in the league, by rule, includes a pair of team options. Otherwise, team options are rare. NBA clubs prefer the flexibility of non-guaranteed seasons instead, since they allow the team to cut ties with the player at any point before the leaguewide guarantee date of January 7th. Team options must either be exercised or declined before the NBA’s calendar flips over on July 1st. (Rookie scale options must be exercised or declined on October 31st the year before the option season would begin.) Players, too, can benefit from the greater flexibility of a non-guaranteed contract, since they can earn a portion of their salary if they remain on the roster for a partial season.
Still, a growing number of free agents are signing contracts with team options. Of the 13 existing NBA contracts that include team options for future seasons and aren’t rookie scale deals, 11 have been signed since this past July. A handful of those contracts last four seasons, and there’s a compelling reason for teams to structure deals that way for second-round picks and undrafted players.
Chandler Parsons is Exhibit A. The Rockets haven’t informed Parsons about whether they intend to decline his option, worth about $965K, for next season, as Parsons tells Grantland’s Zach Lowe. Under most circumstances, Houston’s decision would be a no-brainer. Parsons has far outperformed his deal, signed after the Rockets took him in the second round of the 2011 draft, and having him for an additional season at a cost of less than $1MM would give the team one of the league’s best bargains. What makes his case so intriguing is that undrafted players and second-round picks, like Parsons, can be restricted free agents if their contracts end before their fourth seasons. So, the Rockets could decline their option and have the right to match other teams’ offers for their small forward. Houston wouldn’t have that right in 2015 if the team exercised its option on Parsons, who’d become an unrestricted free agent when his contract ends after 2014/15.
The team option gives Houston a choice that a non-guaranteed season wouldn’t. If 2014/15 were a non-guaranteed year for Parsons, rather than an option year, the Rockets could only make him a free agent this summer if they waived him, and he’d be an unrestricted free agent, and not a restricted one, if he cleared waivers.
Three other teams did deals this year that mimic the Parsons contract, and it’s not surprising that the Sixers are one of them. GM Sam Hinkie was the executive vice president of basketball operations for the Rockets when they signed Parsons. Philadelphia signed two undrafted rookies this season to four-year contracts with a team option in the fourth year. The contracts for Brandon Davies and Hollis Thompson, just like the one for Parsons, aren’t fully guaranteed in the seasons leading up to the option. Davies signed his deal without any guarantee at all, while Thompson received a tiny partial guarantee of $35K for this season.
Neither Davies nor Thompson has guaranteed salary on his respective option year. That means that the Sixers could pick up their options and still cut ties with them before opening night without owing them any money that year, just as with a regular non-guaranteed season. Parsons has a partial guarantee on his salary next season. If the Rockets and Sixers exercise their options, those contracts will become just like any other deal that isn’t fully guaranteed. The only difference will be that their teams will have had a chance to make them restricted free agents, a valuable resource in case the player, as Parsons did, blossoms into a sought-after commodity.
Rockets GM Daryl Morey and his disciple aren’t the only ones who’ve caught on. Former Cavs GM Chris Grant signed Carrick Felix, the 33rd overall pick in the 2013 draft, to a four-year deal with a team option in the final season. In Felix’s case, the only non-guaranteed money is in the third year, and the fourth year is fully guaranteed providing the Cavs exercise their option. Hawks GM Danny Ferry, Grant’s former boss in Cleveland, produced the latest iteration of this trend when he pried 2013 second-rounder Mike Muscala from his Spanish league contract in February to bring him stateside. Muscala’s four-year deal is 50% guaranteed next season but henceforth completely non-guaranteed, and that includes the fourth-year option season.
Not every team has the flexibility to make four-year offers. Teams need either cap space or a portion of the non-taxpayer’s mid-level exception to sign rookies for four years. Still, I wouldn’t be surprised to see more contracts like these in the future, especially if the Rockets use their team option on Parsons this summer and other teams hesitate to give him an offer. Teams may become more hesistant to use their full mid-level on veteran free agents so they can leave room to sign one or two intriguing young players to four-year deals.
It’s unlikely that Thompson, Davies, Felix or Muscala will ever become as valuable as Parsons is, and there’s a decent chance that their teams will waive them long before the option year comes around. Still, the Rockets, Sixers, Cavs and Hawks had nothing to lose, and neither would any team that does a similar deal. It’s a smart play that can look even smarter over time.
ShamSports and Larry Coon’s Salary Cap FAQ were used in the creation of this post.
Eastern Rumors: Jerebko, Hawks, Young
Jonas Jerebko has seen an uptick in minutes under Pistons interim coach John Loyer, notes Brendan Savage of MLive, who suggests that the identity of the team’s coach for 2014/15 will weigh heavily as Jerebko decides whether to opt in. He has a $4.5MM player option for next season, but I’d be surprised if he turned that money down regardless of who’s coaching. Here’s more from the Eastern Conference:
- The recent poor play of the Hawks has put their chances of a playoff berth in jeopardy, but injuries have had much to do with that. GM Danny Ferry praised his roster and likes the way the team is positioned for future seasons, as he tells USA Today’s Jeff Zillgitt.
- Thaddeus Young seemed to want out of Philadelphia at one point this season, but he sees the team’s decision to keep him and anoint him the leader of a young Sixers team as a sign of respect, observes Bob Cooney of the Philadelphia Daily News.
- Udonis Haslem, who has a player option for next season, has been caught off guard by his lack of minutes with the Heat this season, as he tells Shams Charania of RealGM.
Contract Details: Butler, World Peace, Suns
Mark Deeks has updated his salary databases at ShamSports, and, as usual, he’s revealed several nuances about the latest contracts signed around the NBA. We’ll pass along the details we hadn’t previously heard about here:
- Caron Butler gave up $1MM in his buyout deal with the Bucks. He signed for that same amount for the remainder of this season with the Thunder, who dipped into their mid-level exception to accommodate Butler’s $1MM salary.
- Metta World Peace gave up $305,166 of this season’s $1.59MM salary in his buyout deal with the Knicks. All contracts with player options include a clause indicating whether or not the player receives the money for his option year in the event that he’s waived before deciding on the option. It looks as if the clause in World Peace’s deal stated that he would not receive the option-year pay, since Deeks doesn’t list any of World Peace’s $1,931,550 salary for 2014/15 on New York’s books.
- Shavlik Randolph‘s contract with the Suns includes a non-guaranteed year for 2014/15, rather than a team option, as we suspected.
- If the Hawks exercise their team option on the fourth season of Mike Muscala‘s deal, the contract will nonetheless remain non-guaranteed until the leaguewide guarantee date. It’s similar to the structure of the contracts a handful of Sixers have, including recent signee Jarvis Varnado.
- Chris Johnson also has such a deal with the Celtics, although there are a pair of guarantee dates attached to the third and fourth seasons. The third year becomes fully guaranteed providing he’s not waived on or before September 1st, 2015, and the fourth year becomes fully guaranteed if he’s not waived on or before September 1st, 2016.
- The Celtics also arranged for a couple of guarantee dates on Phil Pressey‘s three-year contract. Next season is non-guaranteed if he’s waived on or before July 15th, but if the Celtics keep him beyond that date, it’s fully guaranteed. The same happens for the third year of the deal on July 15, 2015.
- The Rockets have a team option on Troy Daniels worth the minimum salary for next season.
- Luke Babbitt‘s two-year deal with the Pelicans is for the minimum salary. Next season isn’t guaranteed, but it becomes partially guaranteed for $100K if he isn’t waived on or before July 22nd.
- The Magic used cap room to sign Dewayne Dedmon to a three-year contract that gives him $300K for the rest of this season, slightly more than what he would have made on a prorated minimum-salary deal. Dedmon is set to make the minimum salary in the other two seasons covered in the pact. Next season is non-guaranteed if he’s waived on or before opening night, when it becomes partially guaranteed for $250K. The final season is non-guaranteed if he’s waived on or before August 1st, 2015, when it becomes fully guaranteed.
Western Notes: Stotts, Gasol, O’Neal
Terry Stotts is on the last year of his contract, and management hasn’t said whether he’ll be back for a third season on the Blazers’ bench, writes Mitch Lawrence of The New York Daily News. Stotts’ staff is not feeling very good about their chances of returning after sliding down to fifth place in the West and in danger of finishing even lower, reports Lawrence. Since starting the season atop the West by winning 33 of their 44 games, the Blazers have been sub-.500, losing 16 of their last 29 games entering the weekend. In six seasons as a head coach with the Hawks, Bucks, and Blazers, Stotts has a record of 195-244.
More from the west:
- Robert Sacre is often overlooked when the Lakers future is discussed, even though he’s one of only four players under contract after June, but he might become an integral part of the team going forward, writes Mike Bresnahan of The Los Angeles Times.
- Pau Gasol told Marca.com (translation by Orazio Cauchi of Sportando) that he might stay with the Lakers after this season. His contract is set to expire after the season ends. Gasol said, “My priority is basketball. I want to be on a team with real chances of winning the championship next season. I don’t rule out staying in Los Angeles if the circumstances are appropriate.“
- Warriors veteran big man Jermaine O’Neal called any talk of firing coach Mark Jackson “ridiculous” and “unfair”, and said that if he plays another season it will be because of Jackson, writes Diamond Leung of The San Jose Mercury News. O’Neal said, “The No. 1 reason that I will come back and play another year is because of Coach Jackson. I’m absolutely, 100 percent positive about that. He makes it easy to come in this gym every day, and there’s not a lot of coaches that do that.” He also mentioned that he would choose Golden State despite the distance from family because Jackson has shown just how much he cares about his players, writes Leung.
Eastern Notes: Young, Rose, Murry
Former Bulls MVP Derrick Rose has begun practicing with the team in non-contract drills, coach Tom Thibodeau told reporters including K.C. Johnson of The Chicago Tribune. His progress puts him on track to participate in USA Basketball’s July minicamp, but doesn’t change his status as out for the season. Here’s more from the East:
- Hawks coach Mike Budenholzer told Andy Greder of Pioneer Press that frontcourt injuries spurred Atlanta to bring rookie Mike Muscala over from Europe sooner than planned, but the coach added that the big man is in their long term plans. “It is because of the injuries, but it’s also because he is somebody that we really think has a future with us,” said Budenholzer. “He is a smart player and he is picking things up quickly.” After selecting Muscala in the second round of the 2013 draft, the Hawks signed him mid-season to a four-year contract that isn’t fully guaranteed beyond 2013/14.
- The Sixers‘ Thaddeus Young would have embraced a trade to the Spurs, had rumors along those lines come to fruition at the deadline, he tells Jabari Young of The San Antonio Express-News. “You know, it’s a great opportunity … I want to play for a winning team, I want to win a championship. At the end day, right now, the trade deadline is over and I’m just trying to develop guys and rebuild the culture,” said Young, who sounded open to the possibility of joining the Spurs in the future. “It can happen. Like I said, I can play with anybody.”
- Toure’ Murry is living his dream, telling Jessica Camerato of Basketball Insiders that time spent in Summer League, overseas, and the D-League have all been worth it now that he has a spot at the end of the Knicks bench. “Everybody’s dream is to get to the NBA. It just makes me feel great to say I play in the NBA and (my family and peers are) basically living their dream through me,” Murry said. “It’s kind of like a real story when I look back on it. It just shows you never give up, never get sidetracked because there’s a lot of things that can do that, and just know you can do it if you have a strong mental state and always believe in yourself. Even when you’re short, you’re skinny, always believe in yourself.”
Southeast Rumors: Oden, Exum, Hawks, Neal
Heat center Greg Oden will play against the Blazers tonight for the first time in his career, which began when Portland made him the No. 1 overall pick in 2007. Still, there are few emotions involved, as Oden tells Chris Haynes of CSNNW.com.
“I think it’s been two years since I was there. Guys move on,” Oden said. “It’s a business like that. I’m happy those guys are still there and doing their thing. [I’m] especially happy for LaMarcus [Aldridge] who is an All-Star and you know, you got to move on.”
Here’s more from the Southeast Division, which is in line to send four teams to the playoffs:
- The Magic are probably locked into the third-worst record in the league, as our Reverse Standings show. Even if they don’t have any lottery luck and fail to move up, they’re in fine shape, since they’re most interested in Dante Exum, according to Chad Ford of ESPN.com, who writes in his latest Insider-only “Tank Rank” column.
- The Hawks have received NBA approval for their sale of minority shares of the team to five investors, tweets Chris Vivlamore of the Atlanta Journal-Constitution. The additions bring the number of stakeholders to 12, including primary owner Bruce Levenson.
- Since being traded to the Bobcats, guard Gary Neal has had a significant impact over the course of the last 12 games, writes Rick Bonnell of the Charlotte Observer. Charlotte was in desperate need of scoring and Neal has brought it. The former Buck is averaging 12.5 points per contest, which would be a career high for a full season.
Zach Links contributed to this post.
Eastern Notes: LeBron, Jackson, Antetokounmpo
Most league insiders think it’s unlikely LeBron James, Dwyane Wade and Chris Bosh will opt in for another season on their deals with the Heat, though the same people feel like they’ll all sign new deals with Miami for at least one season, writes Sam Amico of Fox Sports Ohio. Many feel as though James will stay with the Heat even if Bosh and Wade leave, with the Cavs as the next in line for his services, and all other teams as dark horses. Amico cautioned that his sources are merely making educated guesses, as James has offered few hints. It appears we’ll have to wait until the summer for clarity on that front, but there’s plenty of other news around the Eastern Conference in the interim:
- Phil Jackson strongly encouraged Pistons owner Tom Gores to hire Steve Kerr last summer when Detroit instead tapped Maurice Cheeks as coach, according to Mitch Lawrence of the New York Daily News. Jackson has remained an adviser to Gores, though that ostensibly ends with today’s official announcement of the Zen Master as Knicks president.
- Most NBA teams thought Giannis Antetokounmpo had a promise from the Hawks that they’d take him with the 17th pick, and Raptors GM Masai Ujiri tried “frantically” to trade into the top 15 to draft him before the Bucks snagged him at No. 15. Adrian Wojnarowski of Yahoo! Sports has the details behind the scramble for the Greek prospect.
- Ujiri doesn’t deny that he was close to a deal in December to send Kyle Lowry to the Knicks, observes Steve Simmons of the Toronto Sun, who examines how a better attitude is enhancing the Raptors point guard’s free agent value for this summer.
- The Sixers are unlikely to spend a lot of money in free agency this summer, writes Michael Kaskey-Blomain of Philly.com, who thinks that’s a reason why the team should hold on to trade candidate Thaddeus Young.
Eastern Notes: Boozer, Woodson, Drew
No decision has been made on Carlos Boozer‘s future with the Bulls, but the veteran says that he feels unappreciated in Chicago, writes Joe Cowley of the Chicago Sun-Times. Boozer has been moody with the media for some time now, and sources say that’s linked to his frustrations with the club. For his part, GM Gar Forman says no decision has been made on the forward. “People can say or think what they want, but that decision absolutely hasn’t been made,’’ Forman told Cowley. More out of the East..
- Knicks coach Mike Woodson was positive about the hire of Phil Jackson to run basketball operations and told ESPN Radio in New York that it can only “enhance” the organization, tweets Ian Begley of ESPNNewYork.
- Bucks coach Larry Drew says that he holds no ill-will towards the Hawks for how things turned out, writes Charles F. Gardner of the Journal-Sentinel. “No bitterness whatsoever. This is just the NBA. Things happen. I certainly understood their position. Bruce Levenson (managing partner) was really good to me. The Gearons (managing partner Michael Gearon) were always in my corner from Day 1,” Drew said.
- Former Bobcats coach Mike Dunlap has landed as the new head coach of Loyola Marymount, according to an official announcement on the school’s website. Dunlap, an assistant with St. John’s before being tabbed by Bobcats owner Michael Jordan, was considered to be a shocking hire for Charlotte and lasted just one season.