Kings, Raptors Swap Malachi Richardson, Bruno Caboclo
9:29pm: The Kings have officially acquired Caboclo for Richardson, the team announced in a press release.
4:51pm: The Kings have changed course and will now keep Caboclo on their roster, tweets Sean Cunningham of ABC 10 Sacramento. The Kings are waiving Georgios Papagiannis to clear the roster spot necessary for their other trade.
1:04pm: The Kings plan to release Caboclo once the trade is complete, tweets Jason Jones of The Sacramento Bee.
Sacramento will still owe him the rest of his $2.45MM salary for this season, but the Kings need to open a roster spot to complete a deal with Cleveland and Utah that brings in Iman Shumpert and Joe Johnson while sending out George Hill. Sacramento also gets rid of the nearly $1.6MM Richardson is owed next season, along with future options on his rookie contract.
12:32pm: The Raptors and Kings are finalizing a deal to swap Bruno Caboclo for Malachi Richardson, tweets Shams Charania of Yahoo Sports.
A first-round pick in 2016, Richardson has been somewhat of a disappointment in Sacramento after being acquired in a draft-night trade. He has played just 47 games in a season and a half and is averaging 3.5 points while shooting .365 from the field and .299 from 3-point range.
Toronto also had high hopes for Caboclo when it made him the 20th pick in the 2014 draft, but he has spent almost his entire career in the G League. He has played just 25 games at the NBA level, including two this season.
The Raptors save close $1MM in the deal, which was made to provide more flexibility in the buyout market, tweets Josh Lewenberg of TSN.
Magic Trade Elfrid Payton To Suns
8:41pm: The Magic have officially traded Payton to the Suns, the team announced in a press release. Phoenix waived Isaiah Canaan in order to clear a roster spot for Payton.
2:52pm: Josh Robbins of The Orlando Sentinel clarifies (via Twitter) that the second-round pick the Magic receive in the deal will actually be the second-most favorable of the Grizzlies’, Hornets’, and Heat’s 2018 second-rounders. For now, that would be the Charlotte pick.
1:58pm: The Magic and Suns have agreed to a trade, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that the teams will swap point guard Elfrid Payton for a second-round pick. That pick will be the Grizzlies’ 2018 second-rounder, tweets John Gambadoro of Arizona Sports 98.7.
The deal signals a new start for Payton, who is headed for restricted free agency this summer. His streaky shooting and problems on defense made him expendable, especially as a new regime took over in Orlando’s front office. Payton was having a fine statistical season, averaging 13.0 points, 6.3 assists and 4.0 rebounds per game, but the Magic still aren’t winning and the organization decided to go in a different direction.
He will get a chance to revive his career with the Suns, who have been looking for a new point guard since trading Eric Bledsoe to Milwaukee. Phoenix lost Isaiah Canaan to a broken ankle at the end of January and was down to just one healthy point guard on its roster. The addition of Payton allows Devin Booker to move back to his natural position of shooting guard, adds Scott Bordow of The Arizona Republic (Twitter link).
The Suns reached the salary floor with the move and have $6.9MM in cap space remaining, posts Bobby Marks on ESPN Now. Payton will carry a cap hit of $3.3MM and will be restricted this summer if Phoenix tenders a $4.8MM qualifying offer as expected.
Photo courtesy of USA Today Sports Images.
Pistons Acquire James Ennis From Grizzlies
8:05pm: The Pistons have officially acquired Ennis, the team announced tonight in a press release.
11:44am: The pick included in the deal is for 2022, according to Chris Herrington of The Memphis Commercial Appeal (Twitter link), who adds that the Pistons will use their Disabled Player Exception to accommodate Ennis.
11:29am: The Pistons have acquired James Ennis from the Grizzlies in exchange for Brice Johnson and a second-round pick, tweets Adrian Wojnarowski of ESPN. It’s the same package that Detroit had been rumored to send to New Orleans in exchange for Dante Cunningham.
After a couple of years as a journeyman, Ennis found a home in Memphis over the past two seasons, developing into a regular part of the rotation. The 27-year-old is averaging 6.9 points and 3.5 rebounds through 45 games this season. He has an expiring contract worth a little more than $3MM.
Johnson, 23, was acquired from the Clippers last week in the deal that brought Blake Griffin to Detroit. A first-round pick in 2016, Johnson had yet to suit up for the Pistons and played just nine games in L.A. this season. He is still on his rookie contract and is making a little more than $1.33MM.
Because of the salary discrepancy, the Pistons will have to use either the Disabled Player Exception of $5.2MM they were awarded earlier this week or a $7MM trade exception to take on Ennis’s contract.
Knicks Acquire Emmanuel Mudiay In Three-Team Trade
7:51pm: The three-way trade is now official, according to press releases issued by the Knicks and Nuggets.
1:09pm: Denver, New York and Dallas have reached agreement on a three-team trade that will send Emmanuel Mudiay to the Knicks, Devin Harris to the Nuggets and Doug McDermott to the Mavericks, reports Adrian Wojnarowski of ESPN.
The deal also includes a swap of second-round picks, Woj adds, with Denver receiving the Clippers’ 2018 second-rounder from the Knicks. The Mavericks will be getting the Trail Blazers’ 2018 second-round pick from the Nuggets.
The Knicks are adding to their options at point guard by taking on Mudiay, who was the seventh player selected in the 2015 draft. He was given the starting spot as a rookie, but has drifted into a reserve role as shooting problems have slowed his progress. He joins 2017 first-rounder Frank Ntilikina in New York’s backcourt, along with veteran Jarrett Jack and Trey Burke. Mudiay is owed nearly $4.3MM for next season and is eligible for a rookie contract extension in the summer of 2019.
Harris, who will turn 35 later this month, brings a veteran presence to Denver’s backcourt for the rest of the season. He is averaging 8.5 points in 44 games and has an expiring contract worth a little more than $4.4MM.
McDermott, part of the package the Knicks received in exchange for Carmelo Anthony, averaged 7.2 points and shot .387 from 3-point range in 55 games for New York. This is the third trade in the past 12 months for McDermott, who will be a restricted free agent this summer.
Photo courtesy of USA Today Sports Images.
Kendrick Perkins Expected To Rejoin Cavs
4:47pm: Despite Perkins’ enthusiastic tweet, he hasn’t officially signed with the Cavs yet, according to Joe Vardon of Cleveland.com, who tweets that the team may let the dust settle and head into the All-Star break before filling their open roster spots.
4:32pm: There has been no official announcement yet from the Cavaliers, but Perkins has published a tweet announcing, “I’m back!” with a #Cavs hashtag, suggesting that he’s claiming one of the team’s open roster spots.
2:55pm: The Cavaliers may sign veteran center Kendrick Perkins to fill one of their newly open roster spots, tweets Marc Stein of The New York Times. He adds that Cleveland’s front office values Perkins’ strong leadership and believes it will be needed to bring the team together after today’s roster shakeup (Twitter link).
Cavaliers Trade Dwyane Wade To Heat
4:14pm: The Heat have officially acquired Wade from the Cavs, the team announced today in a press release. Miami sent out a protected 2024 second-round pick in the deal, waiving A.J. Hammons to create a spot on the roster for Wade.
“We feel that Dwyane can help our team in so many ways,” Heat president Pat Riley said in a statement. “It is a beautiful moment for us, for the city and for the fans. All of us embrace it in the manner that we want to win and that’s why we brought Dwyane back home. We look forward to having a great end of season run as we fight for the playoffs.”
12:14pm: Dwyane Wade is coming home to Miami, confirms Adrian Wojnarowski of ESPN (Twitter link). The Cavaliers will receive a heavily protected second-round pick in return (Twitter link). ESPN’s Stephen A. Smith reported the deal earlier today, tweets Adam Zagoria of SNY.tv.
The trade is part of a day-long shakeup in Cleveland as the Cavs ship out veterans in favor of younger, more athletic wing players. Wojnarowski reports that the front office offered Wade a chance to return to the franchise where he spent his first 13 seasons and worked out a deal when he accepted.
The Cavaliers’ coaching staff was planning a reduced role for Wade going forward and he had been campaigning for a return to Miami behind the scenes, according to Brian Windhorst of ESPN (Twitter link).
“The Cavs did right by him,” a source close to Wade and LeBron James tells Joe Vardon of Cleveland.com.
Wade signed a one-year deal with Cleveland in late September after agreeing to a buyout with the Bulls. He began the season as a starter, but asked to come off the bench after three games and became an effective leader of the second team. However, the return of Isaiah Thomas and Derrick Rose from injuries created a logjam in the backcourt and Wade’s role become less defined.
It’s not clear how much of a future he will have at age 36 on a relatively young Heat team. Regardless, it’s an excellent public relations move for Miami to erase the memories of a bitter breakup in the summer of 2016.
Photo courtesy of USA Today Sports Images.
Warriors, Celtics Considered Favorites For Joe Johnson
The Warriors and Celtics will be the favorites to sign Joe Johnson if he receives a buyout from the Kings, tweets Chris Mannix of Yahoo Sports. Johnson, who was acquired from the Jazz in a three-team trade this afternoon, is expected to ask for a buyout and Mannix believes Sacramento will grant him one.
Johnson is making a little more than $10.5MM in the final season of a two-year contract. With about a third of the season remaining, it will be interesting to see how much money he is willing to give up to join a contender. This is a familiar position for Johnson, who agreed to a buyout with the Nets two years ago and signed with the Heat for a playoff run.
Either Boston or Golden State would have to open up room for the roster before signing Johnson. The Celtics are at 14 players right now, but are expected to sign free agent center Greg Monroe before tonight’s game.
Johnson missed part of the season with a wrist injury, but has averaged 7.3 points and 3.3 rebounds in 32 games. He offers both versatility and playoff experience and will receive plenty of offers once the buyout is complete.
Trade Deadline Notes: Evans, Faried, Jordan, Muhammad
The Grizzlies haven’t been able to get a first-round pick for Tyreke Evans and may decide to hang onto him, tweets Adrian Wojnarowski of ESPN. If that happens, Memphis will try to re-sign him this summer with its mid-level exception. The Grizzlies could still get at least one second-rounder if they decide to move him today, adds Zach Lowe of ESPN. (Twitter link)
A few more last minute-notes before the deadline arrives:
- Representatives for Nuggets forward Kenneth Faried are still hoping for a deal, Woj adds (Twitter link). Denver has discussed Faried with several teams, including the Pacers, but nothing has happened yet.
- The Cavaliers talked to the Clippers this morning about DeAndre Jordan, but opted for for a series of deals that gave them more athleticism, youth and depth, tweets Ramona Shelburne of ESPN.
- The Timberwolves may buy out Shabazz Muhammad if they can’t work out a last-minute deal, according to Marc J. Spears of The Undefeated (Twitter link). A source tells Spears he will be a coveted free agent if that happens.
- The trade of Noah Vonleh to the Bulls is the last one the Trail Blazers plan to make today, relays Jason Quick of NBC Sports Northwest (Twitter link). That deal was enough to get Portland under the luxury tax.
Hawks Trade Luke Babbitt To Heat For Okaro White
1:31pm: The trade is now official, according to a press release from the Heat. Atlanta intends to waive White, according to Michael Cunningham of The Atlanta Journal-Constitution (Twitter link).
11:15am: The Hawks will trade veteran forward Luke Babbitt to the Heat for Okaro White, tweets Marc Stein of The New York Times.
This will be a return to Miami for Babbitt, who spent the 2016/17 season there. He signed a one-year, veterans’ minimum contract with the Hawks this summer and is averaging 6.1 points and 2.2 rebounds in 37 games.
White is in his second season with the Heat, but has appeared in just six games, spending most of the year in the G League. He also has a minimum deal, so salary matching won’t be a problem.
A larger trade could be in the works as Miami continues to talk with Atlanta about Marco Belinelli, tweets Barry Jackson of The Miami Herald. Belinelli would give the Heat another wing shooter after losing Dion Waiters for the season.
Trade Deadline Rumors: Carroll, Kings, Lakers, C’s
The Nets and Pacers have considered a deal that would send DeMarre Carroll to Indiana in exchange for Al Jefferson, tweets Sam Amick of USA Today. The deal would be a way for Brooklyn to clear money for next season, as Carroll is owed $15.4MM, while Jefferson has a $10MM salary that’s only partially guaranteed.
Carroll, who was traded to the Nets over the summer, is averaging career highs in scoring (13.2), rebounds (6.4) and assists (1.9). Jefferson has settled into a reserve role since coming to Indiana two years ago and is averaging 6.7 points and 3.9 assists in 26 games.
There’s more to report as the trade deadline draws closer:
- The Kings are willing to move second-year center Georgios Papagiannis if they need to open a roster spot to complete a larger trade, according to Kevin O’Connor of The Ringer (Twitter link). However, Sacramento has since agreed to trade Malachi Richardson in a deal that seems designed to open up a roster spot.
- With Devin Booker and Tyler Ulis both battling injuries, the Suns may be interested in a minor deal for point guard help, tweets Scott Bordow of The Arizona Republic. Josh Gray is the only healthy option currently on the roster.
- The Lakers appear to be done with major deals after acquiring Isaiah Thomas and Channing Frye from the Cavaliers, relays Bill Oram of the SoCalNewsGroup (Twitter link). Oram adds that a minor trade could still be in the works.
- The Celtics remain engaged on several trade fronts, but continue to be reluctant to include a first-round pick in a deal, sources tell Chris Mannix of Yahoo Sports (Twitter link).
- The Cavaliers weren’t able to gain any traction with the Hornets on a Kemba Walker trade before pulling the trigger on a series of separate deals, tweets Adrian Wojnarowski of ESPN. Hornets Michael Jordan places a high value on Walker and won’t move him cheaply, Woj adds. Jordan said in a recent interview that he wouldn’t part with Walker “for anything but an All-Star player.”
Luke Adams contributed to this post.