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Contract Details: Novak, Green, Miller, Thompson

By Luke Adams | at July 16, 2012 4:19 pm

While most players' contracts include annual raises, or at the very least, identical annual salaries, Steve Novak's new contract with the Knicks is a little different, as Mark Deeks of ShamSports explains (Twitter link). Novak's deal starts at a little over $4MM, dips to below $3.5MM by 2014/15, then rises back up to $3.75MM for 2015/16. The unusual structure of the deal provides the Knicks a small amount of savings in the years when the rest of the team's roster will get extremely expensive.

Deeks shared a number of other contract details from around the league, via Twitter, so let's round them up….

The Spurs' deal with Danny Green is for three fully-guaranteed years and $11,287,500, with no options.
Andre Miller will earn $5MM in each of the next two seasons with the Nuggets. The third year of his deal is partially guaranteed for $2MM of $4.625MM.

Earlier updates:

Jason Thompson's five-year deal with the Kings is worth $30,187,500, though year five is only partially guaranteed for $2.65MM.
According to Deeks, the previously reported figures for Ersan Ilyasova are a little high — his deal with the Bucks is worth $40MM over five years. The first four years are guaranteed at $7.9MM each, then year five is partially guaranteed for just $400K of $8.4MM.
Jamal Crawford received the full mid-level for four years from the Clippers, but the final two years of the contract are only guaranteed for $1.5MM each.
Marcus Camby's contract with the Knicks, $13,151,319 over three years, descends in value, with just $1,025,890 of $4,177,208 guaranteed in the third season.
Every first-round pick to sign so far has received the full 120% of the rookie scale.
DeShawn Stevenson will earn $2,240,450 in each year of his three-year deal with the Hawks, though only the first season is guaranteed.
Kyle Singler's fully-guaranteed deal with the Pistons is worth $3,135,000 over three years, with no options, while Victor Claver's deal with the Trail Blazers is also fully guaranteed and will pay him $4MM over three years.
Jason Kidd (Knicks; three years, $9.09MM), Ian Mahinmi (Pacers; four years, $16MM), and Gerald Green (Pacers; three years, $10.5MM) all received fully-guaranteed contracts with no option years.
The Nets' agreement with Reggie Evans is worth $5,086,905 over three years, and is fully guaranteed.
Hasheem Thabeet's contract with the Thunder appears to be for more than the minimum salary. Deeks pegs the value at three years and $3.65MM, though only the first year and $500K of year two are guaranteed. Oklahoma City will be using either a portion of their mid-level or bi-annual exception for that deal.
I would guess Thabeet's deal will come out of the MLE, since the Thunder are also using a portion of the mid-level on Hollis Thompson, who signed a three-year minimum-salary contract. Only $75K is guaranteed, however.
Doron Lamb received a three-year, minimum-salary deal from the Bucks, with the third year nonguaranteed.

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Hawks Buy Out Jordan Farmar

By Luke Adams | at July 16, 2012 3:30 pm

JULY 16TH: The Hawks have officially requested waivers on Farmar, according to a team release. Now that the two sides having finalized Farmar's buyout, he'll be headed to Turkey's Anadolu Efes, with whom he has reportedly reached an agreement.

JULY 5TH: Once the agreed-upon Joe Johnson swap between the Nets and Hawks becomes official next week, the Hawks are expected to buy out Jordan Farmar, according to NetsDaily.com (Twitter link). Farmar is under contract for $4.25MM for the coming season, but figures to be bought out for $1.5MM.

1 comment Atlanta Hawks Transactions Jordan Farmar

Central Notes: Scola, Cavs, Korver, Pistons

By Zachary Links | at July 14, 2012 11:15 am

Yesterday, the Rockets officially used their amnesty clause to release forward Luis Scola. It's possible that the big man will clear waivers and become an unrestricted free agent, but there are interested teams out there, including one out of the Central division..

0 comments Atlanta Hawks Chicago Bulls Cleveland Cavaliers Detroit Pistons Luis Scola

Rockets Reconstruct Trade Offer For Howard

By Luke Adams | at July 13, 2012 11:35 am

11:35am: Jonathan Feigen of the Houston Chronicle tweets that he doesn't believe last year's rookies (Morris, Parsons) and this year's three draftees (Lamb, White, Jones) are all a part of the Rockets' offer, but that many of them could be involved.

7:43am: In an effort to convince the Magic to deal Dwight Howard directly to Houston, the Rockets are in the process of reconstructing their trade proposal for the star center, according to an ESPN.com report by Marc Stein and Chad Ford. Stein and Ford write that the Rockets are looking to clear the necessary cap space to absorb at least three additional contracts in addition to Howard's, from a group that includes Hedo Turkoglu, Chris Duhon, Glen Davis, and Jason Richardson.

12 comments Atlanta Hawks Houston Rockets Los Angeles Lakers Orlando Magic Andrew Bynum Chandler Parsons Chris Duhon Dwight Howard Glen Davis Hedo Turkoglu Jason Richardson Jeremy Lamb Kevin Martin Luis Scola Marcus Morris Patrick Patterson Royce White Terrence Jones

Hawks Sign Lou Williams

By Luke Adams | at July 12, 2012 5:20 pm

THURSDAY, 5:20pm: GM Danny Ferry announced today that the team has signed Williams to a multi-year contract (via an official press release).

TUESDAY, 4:04pm: The Hawks have reached an agreement on a multiyear contract with Lou Williams, according to Brian Windhorst of ESPN.com (Twitter link). Atlanta has trades lined up to send Joe Johnson and Marvin Williams to the Nets and Jazz respectively, but still won't have much free cap space, so I would guess the deal is for the mid-level exception.

1 comment Atlanta Hawks Transactions Lou Williams

Jordan Farmar Signs In Turkey

By Luke Adams | at July 12, 2012 2:58 pm

THURSDAY, 2:58pm: Farmar has officially signed his three-year deal with Anadolu Efes, according to Emiliano Carchia of Sportando (via Twitter). Presumably, of course, this means Farmar has been officially bought out by the Hawks as well.

WEDNESDAY, 7:26am: With the moratorium lifted, the blockbuster trade that will send Joe Johnson to the Nets can officially be finalized as soon as today. At that point, Jordan Farmar, who is headed to the Hawks in the deal, will be bought out for $1.5MM by Atlanta. And according to Colin Stephenson of the Newark Star-Ledger, Farmar already has his next contract lined up — he'll sign with Turkey's Anadolu Efes and play overseas.

1 comment Atlanta Hawks Transactions Jordan Farmar

Kyler On Calderon, Howard, Blair, Augustin

By Luke Adams | at July 12, 2012 10:30 am

Jose Calderon's name has surfaced as a possible amnesty candidate a few times this offseason, but according to Raptors president Bryan Colangelo, the team doesn't expect to amnesty Calderon or anyone else this week. While Colangelo acknowledged that Calderon wasn't "thrilled" about the trade that brought Kyle Lowry to Toronto, he still views him as a valuable piece on the roster, as Eric Koreen of the National Post writes. Colangelo confirmed that a few teams have inquired on Calderon, and Steve Kyler of HoopsWorld writes that a trade is much more likely than an amnesty. Here are a few more notes from Kyler's HoopsWorld piece:

4 comments Atlanta Hawks Golden State Warriors Houston Rockets Indiana Pacers Los Angeles Clippers Los Angeles Lakers Orlando Magic Philadelphia 76ers San Antonio Spurs Toronto Raptors D.J. Augustin DeJuan Blair Dwight Howard Jose Calderon

Odds & Ends: Nets, Brooks, Heat, Turiaf, Blazers

By Chuck Myron | at July 11, 2012 11:25 pm

It's been another busy day of NBA free agency, and no team has been busier than the Nets, who've either signed, re-signed, acquired or traded 13 players today, according to the count of New York Times reporter Howard Beck (Twitter link). Many of those moves came as the team finalized earlier deals, like the swap for Joe Johnson, but some of the news was fresh, like the four-year extension for Brook Lopez. It doesn't appear GM Billy King and company are finished, either, as they're reportedly discussing a sign-and-trade deal for Antawn Jamison. We have plenty more on the moves to come here:

0 comments Atlanta Hawks Brooklyn Nets Golden State Warriors Miami Heat Portland Trail Blazers Aaron Brooks Lou Williams MarShon Brooks Ramon Sessions Randy Foye Ronny Turiaf

Magic Suspend Dwight Howard Trade Talks

By Luke Adams | at July 11, 2012 9:38 pm

9:38pm: A compelling reason the Rockets, Warriors and Hawks may take on Howard without knowing whether he'll re-sign is the possibility of flipping him to the Nets, says Chris Mannix of SI.com (Twitter links). The Rockets' continued pursuit of Howard has no bearing on their offer sheet to Omer Asik, K.C. Johnson of the Chicago Tribune hears (Twitter link).

3:55pm: While the Magic appear to be putting Howard talks on the backburner for now, a source tells Ken Berger of CBSSports.com that Orlando would listen if the Nets (and presumably any other team) came forward with new proposals.

3:44pm: While Hennigan refused to share the specifics of the conversation he had with Howard today, both Alex Kennedy of HoopsWorld and Jarrod Rudolph of RealGM.com hear that the GM told Howard: "Sorry, we tried" (Twitter links). Based on Hennigan's comments and various reports, it's clear Howard won't be dealt to the Nets, at least until January 15th. The star center could still be dealt this offseason, though the Magic GM acknowledged that D12 could open the season in Orlando.

3:13pm: Speaking to the media this afternoon, Hennigan said it's "not accurate" that the Magic have suspended trade talks, adding that the team is leaving every door open. However, the Magic GM seemed to at least acknowledge that a deal with the Nets looks very unlikely. He also said he spoke to Howard earlier today, though he declined to share the specifics (all four Twitter links).

2:46pm: The Magic have informed Dwight Howard that they are suspending trade talks involving him, reports Jarrod Rudolph of RealGM.com (via Twitter). According to Rudolph, GM Rob Hennigan told Howard that the team tried to make a deal, but didn't find one that Hennigan and the front office felt met the Magic's needs (Twitter link). The club will now focus on finding its new head coach.

If the Magic are done exploring a Howard trade for the time being, it almost certainly removes the Nets from the equation. Brooklyn is said to be closing in on a new contract for Brook Lopez, which would mean the center, who is the Nets' primary trade chip, couldn't be moved until at least January 15th.

The Magic were also reportedly in talks with the Lakers, Rockets, and Hawks, and it's not clear if or when the club will re-open discussions on Howard. As Brian Schmitz of the Orlando Sentinel points out (via Twitter), despite the bad blood between Howard and the Magic, Orlando would still love to have him back for next season.

As for the Magic's coaching search, Lindsey Hunter, Mike Malone, Brian Shaw, Jacque Vaughn, and Jeff Hornacek are all thought to be candidates for the opening, tweets Alex Kennedy of HoopsWorld.

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19 comments Atlanta Hawks Brooklyn Nets Chicago Bulls Golden State Warriors Houston Rockets Los Angeles Lakers Orlando Magic Dwight Howard Omer Asik

Hawks, Jazz Swap Marvin Williams, Devin Harris

By Chuck Myron | at July 11, 2012 5:46 pm

JULY 11, 5:46pm: The deal is now official, tweets Brian T. Smith of The Salt Lake Tribune.

JULY 2, 6:10pm: The Hawks and Jazz have agreed to deal Marvin Williams for Devin Harris, reports Marc Stein of ESPN.com. It's the second deal of the day for new Hawks GM Danny Ferry, who agreed to ship Joe Johnson to the Nets earlier.

10 comments Atlanta Hawks Transactions Utah Jazz Devin Harris Marvin Williams

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