Execs Think Kevin Durant Will Stay With Thunder
Most of the executives with whom Ken Berger of CBSSports.com has spoken at summer league think Kevin Durant will re-sign with the Thunder in free agency next summer. The Lakers, Mavericks and Wizards are among a small group of teams with any legitimate shot at the former MVP, Berger adds. The Knicks are also on the fringes, though Berger largely dismisses their candidacy.
Dallas had begun to think of itself as a contender for Durant when it had secured commitments from DeAndre Jordan and Wesley Matthews, and while Jordan’s well-publicized flip-flop might have hurt the confidence of the Mavs, it seems they’re still in the picture. An associate of Durant’s recently told Barry Jackson of the Miami Herald that if Durant were to leave the Thunder, he would do so to sign with the Wizards, the forward’s hometown team. Another person close to Durant told Frank Isola of the New York Daily News several months ago that Durant could envision playing with the Knicks. An NBA GM told Adam Zagoria of SNY.tv around that same time that the Knicks had about the same shot as non-Thunder contenders for his services that at that point included the Clippers and Nets as well as the Wizards and Lakers.
The latest projected maximum salary for Durant, who’ll be a nine-year veteran after next season, is $24.9MM, according to former Nets executive Bobby Marks (Twitter link). The surging salary cap means 16 teams have at least $20MM in cap flexibility for next summer as it stands, Marks points out (All Twitter links). The Thunder aren’t among them, but they have Durant’s Bird rights to exceed the cap, and even after matching Portland’s max offer sheet to Enes Kanter on Sunday, they’re not in line to pay the luxury tax beyond 2015/16, even if they re-sign Durant, notes Adrian Wojnarowski of Yahoo Sports (Twitter link).
Nuggets Waive Jamaal Franklin
The Nuggets have waived Jamaal Franklin, as Eric Pincus of Basketball Insiders tweets and as the RealGM transactions log shows. The team has yet to make any formal announcement, but it appears the move has indeed taken place. Franklin, whom Denver signed during the final week of the regular season to a three-year deal, didn’t have any guaranteed salary remaining on his contract. He’ll become a free agent, assuming he clears waivers.
Franklin’s release may well be part of an effort to clear cap room to accommodate the extension and renegotiation of Wilson Chandler‘s contract. The Nuggets also released their cap holds for Darrell Arthur, Rudy Fernandez, Ian Clark, Wesley Person and Jan Vesely, Pincus notes (Twitter link). Dropping Franklin’s $947,276 minimum salary brings Denver’s cap figure to $64,149,043, based on the data that Pincus has compiled. That leaves $5,850,957 under the $70MM cap to add to Chandler’s $7,171,662 salary, enough to bring it to $13,022,619, which would be a front-loaded figure for the first season of Chandler’s new deal, which reportedly is to give him $46MM over the next for years. That isn’t necessarily the reason for Franklin’s release, as Denver doesn’t have to front-load the Chandler deal. The Nuggets have already officially announced Chandler’s new deal, but RealGM nonetheless doesn’t show the move having taken place just yet, leaving room for Denver to make moves to clear the way for it.
Franklin, who turns 24 this month, is just two years removed from having been the 41st overall pick in 2013. The Grizzlies waived him using the stretch provision last summer, so the Brian Elfus client continue to pick up NBA paychecks through 2018/19. The shooting guard spent time playing in China and for the Lakers D-League affiliate last season before the Nuggets picked him up.
Joel Freeland To Play In Russia With CSKA Moscow
MONDAY, 8:05am: The deal is official, the team announced (hat tip to Pick).
FRIDAY, 11:05pm: Freeland has signed a two-year deal with CSKA Moscow, and the pact contains no NBA out clause, Shams Charania of RealGM reports (Twitter link).
1:33pm: A source tells Michael Scotto of Sheridan Hoops that Freeland hasn’t agreed to a deal just yet, and will decide within the next two days (Twitter link).
THURSDAY, 8:51am: Joel Freeland has agreed to sign a guaranteed deal with Russia’s CSKA Moscow, reports David Pick of Eurobasket.com (Twitter link). Freeland had reportedly set a deadline of Friday to find an NBA deal before he committed to playing overseas, but it appears he’s making the jump a day early. The British big man’s contract with the Blazers ended last month, and Portland didn’t make a qualifying offer.
[RELATED: Blazers Finalize Deal With Ed Davis]
The Rafa Calvo client didn’t expect the Blazers to make that offer, but he expressed a preference to stay in the NBA. He’ll instead move to one of Europe’s most prominent clubs. Chema de Lucas of Gigantes del Basket first reported CSKA Moscow’s interest.
Freeland, 28, didn’t have much of a role during his three seasons with the Blazers, though he did make eight starts this past year while averaging 3.5 points and 3.9 rebounds in 12.8 minutes per game.
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Blazers Sign Enes Kanter To Max Offer Sheet
2:14pm: The deadline is today, but Oklahoma City still hasn’t notified Portland about its intentions, tweets Adrian Wojnarowski of Yahoo Sports.
JULY 12TH, 1:50pm: The Thunder intend to match the offer to Kanter, tweets David Aldridge of TNT.
JULY 9TH, 4:17pm: Oklahoma City has received Kanter’s signed offer sheet from the Blazers, and have until Sunday to make a decision regarding the player, Wojnarowski tweets.
3:02pm: The offer sheet is worth the max over four years, with a player option on year three, Aldridge reports (on Twitter). It’s expected to include a trade kicker, too, Wojnarowski adds (Twitter link). That means a starting salary of $16,407,500 this season and a total value of around $70MM.
2:22pm: The Trail Blazers are set to sign Thunder restricted free agent Enes Kanter to an offer sheet, as TNT’s David Aldridge reports and as Adrian Wojnarowski of Yahoo! Sports confirms (Twitter links). The expectation around the league is that the Thunder will match, according to Royce Young of ESPN.com (on Twitter). Grantland’s Zach Lowe suggests that the Thunder will also intensify their efforts to trade Perry Jones and Steve Novak to clear salary (Twitter link). Lowe also mentions D.J. Augustin along with Jones and Novak, but it’s not clear if that’s just speculation.
USA Today’s Jeff Zillgitt reported last week that the Blazers were eyeing the big man. Thunder GM Sam Presti told Darnell Mayberry of The Oklahoman this spring that he was committed to re-signing his team’s trade deadline acquisition, and while they met to discuss a deal approaching the max, and both sides were reportedly eager to complete a deal, it appears Oklahoma City has let the market dictate his terms. The Knicks were also reportedly in contact with the Max Ergul client.
Oklahoma City has roughly $79MM in salary commitments for this coming season, counting the team’s deal with Kyle Singler. That puts them well above the $70MM cap, and a new deal for Kanter would likely push the team far beyond the $84.74MM tax threshold. The Blazers have nearly $30MM in cap flexibility after the exodus of LaMarcus Aldridge and Wesley Matthews.
Pistons, Aron Baynes Reach Agreement
JULY 12, 1:07pm: The deal is official, the Pistons announced.
JULY 2, 12:23pm: The Pistons and Aron Baynes have a deal on what will be a three-year contract with a player option after year two, reports Marc Stein of ESPN.com (Twitter links). It could be worth as much as $20MM, Stein adds. The final number depends on how much cap space the Pistons have to spend on him, tweets Vince Ellis of the Detroit Free Press.
San Antonio elected not to tender a qualifying offer to Baynes this year after the big man’s protracted restricted free agency in 2014. The Daniel Moldovan client signed a one-year deal for $2.077MM with San Antonio shortly before the start of training camp, and he benefited from injury trouble for Tiago Splitter that opened more playing time, affording Baynes the chance to showcase his bruising inside game and end up with a significant raise.
Pistons coach/executive Stan Van Gundy made signing a pair of backup centers a priority going into free agency, as Keith Langlois of Pistons.com noted, though it didn’t seem as though he’d spend quite so freely to accomplish that end. The market for small forwards, the position Van Gundy had wanted to address first, has been especially player-friendly, so it seems the Pistons have turned to Plan B.
Nets Waive Deron Williams In Buyout
SATURDAY, 2:33pm: The Nets have waived Williams, the team announced in a press release.
5:22pm: It appears that Brooklyn will waive Williams using the stretch provision, and he will receive $27.5MM spread out over five years from the team, Mike Mazzeo of ESPN.com tweets. This means that Williams will count as roughly $5.5MM against the salary cap through the 2019/20 season for the Nets.
4:13pm: The point guard’s buyout is expected to drop the value of his contract to the $25-$30MM range, Stein tweets.
4:05pm: Williams is expected to sign a two-year deal with the Mavericks in the $10MM range after he clears waivers, Marc Stein of ESPN.com tweets.
4:01pm: The Nets and Williams have reached an agreement on a buyout arrangement, David Aldridge of TNT reports (on Twitter). The details of the agreement are not yet known.
8:46am: Sources who spoke with Stefan Bondy of the New York Daily News this past season believed that he wanted to leave the Nets so much that he would opt out a year from now (Twitter link). The early termination option on Williams’ contract for 2016/17 is worth more than $22.331MM. Meanwhile, the Nets haven’t been pleased with the point guard’s attitude or declining production, notes Mike Mazzeo of ESPN.com (on Twitter).
2:44am: The Nets have opened buyout talks with Deron Williams, and the point guard holds a strong mutual interest in signing with the Mavericks if he becomes a free agent this summer, reports Marc Stein of ESPN.com. One source who spoke to Stein gave it a 60-70% chance that the Jeff Schwartz client ends up with Dallas.
Williams was the prime target of the Mavs three years ago, when he was a free agent, but the Dallas-area native eschewed a homecoming for a more lucrative contract with the Nets. The Mavs aren’t pursuing a trade for Williams because of the expense of the two years and nearly $43.374MM remaining on that deal, sources told Stein.
Brooklyn had been trying to trade Williams, notes Mike Mazzeo of ESPN.com (on Twitter), most notably to the Kings, but the Nets didn’t want to give up Mason Plumlee and no deal to came to fruition out of those talks this past season. Plumlee fell out of favor with the Nets later in the season, and Brooklyn traded him last month. The Kings are no longer believed to have interest in Williams now that they’re set to sign Rajon Rondo, Stein writes. As unsuccessful trade efforts persisted, higher-ups in the Nets organization had been giving thought to a buyout, as Mazzeo also writes in his tweet. The Nets don’t want to simply waive Williams and eat the entire contract, and even using the stretch provision to spread the money over five years doesn’t hold appeal, as GM Billy King has said and as Stein notes.
King said Thursday morning that his team would probably make moves designed to bring its payroll, which Eric Pincus of Basketball Insiders estimates to have $95MM worth of guaranteed salary, beneath the $84.74MM tax line or to a smaller margin above it. Still, King said this morning that he expects Williams and Joe Johnson will be on the Nets roster when the season begins.
Stein has heard “steady rumblings” in recent weeks that a return to the Jazz is a possibility for Williams, but the 10-year veteran would prefer the Mavs, in part because of the presence of ex-Jazz teammate Wesley Matthews, Stein adds. Williams would fill the need at point guard in Dallas, though he’s not nearly the star that he was when the Mavs chased him three years ago.
Timberwolves Re-Sign Kevin Garnett
FRIDAY, 5:57pm: The signing is official, the Wolves announced.
5:03pm: Wolfson pegs the value of the deal at $16.5MM. Garnett, an Andy Miller client, negotiated it himself, Wolfson adds (Twitter link).
THURSDAY, 4:43pm: Garnett’s deal is for two years and $16MM, Jon Krawczynski of The Associated Press tweets, confirming Zgoda’s estimate.
10:00am: It is indeed a two-year deal for Garnett, Wolfson tweets. It contains no options or non-guaranteed money, Wolfson adds (on Twitter).
TUESDAY, 8:28am: The Timberwolves and Kevin Garnett have reached a deal, as long expected, reports Darren Wolfson of 1500 ESPN Twin Cities (Twitter link). The numbers aren’t yet clear, but the team had reportedly planned to make him a two-year offer, and Garnett was likewise expected to take it. The 39-year-old will be coming back for his record-tying 21st season this year.
“I’m incredibly excited and rejuvenated to be a part of this talented, committed team,” Garnett said, according to Wolfson (Twitter link).
Injuries limited Garnett to just five games after the midseason trade that brought him back to Minnesota, the team that had originally drafted him, but coach/executive Flip Saunders has no regrets based on the veteran’s locker room presence for the young Timberwolves. He’ll rejoin a team that’s set to feature at least three rookies in No. 1 pick Karl-Anthony Towns, No. 24 pick Tyus Jones, and draft-and-stash prospect Nemanja Bjelica, who reportedly agreed to a deal Monday.
Garnett made $12MM last season, though his declining production would suggest a pay cut is in order. Minnesota has his Bird Rights and thus the ability to pay him whatever is necessary, though Jerry Zgoda of the Star Tribune has estimated a deal would be worth about $8MM a year. That would fall roughly in line with what fellow venerable power forward Dirk Nowitzki agreed to take from the Mavericks last year, when he signed a three-year deal worth about $8.3MM a season.
Heat Sign Amar’e Stoudemire
FRIDAY, 4:41pm: The Heat have officially signed Stoudemire, the team announced. It will be a one-year deal worth $1.5MM, Jeff Zillgitt of USA Today tweets. “We are very fortunate that a proven All-Star like Amar’e has chosen the Miami Heat,” said team president Pat Riley. “He is going to bring gravitas, leadership and a hardworking mentality to our team as we look to win another Championship in Miami.”
THURSDAY, 10:53pm: The Heat are believed to be close to a deal with Amar’e Stoudemire, reports Ian Begley of ESPNNewYork.com, who cites sources (Twitter link). Barry Jackson of the Miami Herald confirmed through an associate of Stoudemire’s that it is indeed the case and that the 13-year veteran would like to play for the Heat, though that associate cautioned that a deal is not yet a given. The Happy Walters client won’t base his decision on money, Jackson hears, a plus for the Heat, who are limited to only their $3.376MM taxpayer’s mid-level exception and are poised to pay repeat-offender tax penalties this season unless they clear some of their salary commitments.
Stoudemire will meet with the Heat on Friday, as Frank Isola of the New York Daily News reported (on Twitter), and team president Pat Riley will take part, Jackson notes. Several other teams have apparently been in the mix for the big man, as the Clippers, Rockets, Mavericks, Lakers and Suns all reportedly expressed interest in him as someone who could shore up their respective benches.
Stoudemire didn’t want to go to the Clippers unless he could start, as Chris Broussard of ESPN.com reported, and it seems unlikely he’d start over Chris Bosh or Hassan Whiteside in Miami. Still, Stoudemire apparently had at least some level of mutual interest in the Clippers, as well as the Mavs, Lakers, Suns and Spurs. He was expected to speak with Clippers coach/executive Doc Rivers this past weekend, according to Adrian Wojnarowski of Yahoo Sports, who added the Pacers to the list of teams that Stoudemire was eyeing.
Magic Sign Mario Hezonja
The Magic have signed Mario Hezonja, this year’s fifth overall pick, the team announced. He’ll almost certainly receive a salary of more than $3.741MM this season and a total of nearly $16.897MM over the four-year rookie scale contract, as our salary chart for 2015 first-rounders shows. Those figures presume he’ll get 120% of the scale amount, which is standard procedure. The Arn Tellem client will likely put some of that toward his $1.4MM buyout from Barcelona of Spain. The Magic can only cover $625K of that.
Hezonja’s selection wasn’t too surprising, as Jonathan Givony of DraftExpress had him as the fifth-best prospect while Chad Ford of ESPN.com ranked him sixth. The Croatian swingman is a versatile scorer with tantalizing outside shooting skill, though he has a reputation for a poor attitude.
The Magic are likely done with signings for more than the minimum salary, as Josh Robbins of the Orlando Sentinel wrote. That frees the team to formally sign Hezonja, a maneuver that lifts his cap hold by about $900K.
Clippers, Darrell Arthur Share Mutual Interest
The Clippers and Darrell Arthur share interest in the idea of a deal, but the team has yet to make an offer to the Jerry Hicks client, reports Broderick Turner of the Los Angeles Times (Twitter link). The power forward has nonetheless been drawing the eye of the Clips for a while, as Dan Woike of the Orange County Register reported the club’s interest last month.
Arthur and the Nuggets have had productive talks about a return, but the Pistons and Wizards like him, too, as Christopher Dempsey of The Denver Post reported last week. The Nuggets have Arthur’s Bird rights, so they can far outbid the Clippers, who have only the minimum salary to offer. The Pistons could float him the $2.814MM room exception, while the Wizards have only about $1.464MM left on their mid-level after using most of it on Alan Anderson, and that’s not much more than the minimum.
The 27-year-old put up numbers this season largely in line with his career averages, and as usual, he played a bench role, averaging 17.0 minutes per game. Still, he’s been a fixture in the rotation for the Grizzlies and Nuggets since becoming the 27th overall pick in 2008.