Nets Re-Sign Brook Lopez, Thaddeus Young
JULY 9TH, 12:23pm: Both deals are official, the Nets announced via press release.
“We are very pleased to welcome Brook and Thaddeus back the Brooklyn Nets,” GM Billy King said. “Brook is one of the premier big men in this league, while Thad proved to be a perfect complement to Brook last year after he was acquired from Minnesota. Being able to re-sign both of our free agent targets allows us to provide the continuity in our frontcourt that we were looking for going into the upcoming season.”
11:02am: Lopez’s deal doesn’t include a player option, after all, according to Bleacher Report’s Howard Beck (Twitter link).
10:35am: The Nets and both players have indeed reached agreement, according to Wojnarowski (on Twitter). Young is getting a player option, too.
12:55am: Lopez’s deal will include a player option after the second season, Wojnarowski reports.
JULY 1ST, 12:04am: The Nets appear to be all but finished securing Brook Lopez and Thaddeus Young, as expected. A source close to the talks told Marc Stein of ESPN.com to “consider them done deals” (Twitter link). Lopez is expected to sign for three years and $60MM, which is about the maximum, while Young is expected to get four years and $50MM, according to Stein.
This news doesn’t come as a surprise, with Adrian Wojnarowski of Yahoo! Sports previously reporting that Brooklyn was the frontrunner to re-sign both players. The Nets have reportedly been planning to pay Lopez his full market value, although the agreement could include some financial protections for Brooklyn should a recurrence of the seven-footer’s past foot issues sideline him again, Wojnarowski noted. Lopez could also opt to have the agreement include a player option for the third year, which would allow him to re-enter free agency after the maximum contract salaries elevate with the flow of new television money.
Young had reportedly been leaning toward opting out back in May, though Young’s agent, Jim Tanner, had suggested that he instead opt in and hit free agency next summer, when the salary cap is projected to surge. The 27-year-old averaged 14.1 points and 5.4 rebounds in 32.0 minutes per game this season, and was acquired by Brooklyn in a midseason trade with Minnesota. Young will still likely listen to pitches from other teams despite the mutual interest in a return to Brooklyn, according to Marc J. Spears of Yahoo! Sports. The Magic are reportedly interested in signing the forward, per Michael Scotto of SheridanHoops.
Latest On Tim Duncan, Spurs
JULY 9TH, 12:14pm: Duncan and the Spurs are making progress toward a two-year deal worth $5MM in the first season, with a player option for year two, TNT’s David Aldridge reports (on Twitter).
JULY 2ND, 12:52pm: Tim Duncan will “be on the court next year,” he tells Mike Monroe of the San Antonio Express-News, ostensibly signaling that he will return to the Spurs rather than retire (Twitter links). The Spurs have been operating on the premise that the legendary big man would indeed be back, as Bleacher Report’s Ric Bucher and Ken Berger of CBSSports.com made clear in May reports, though the most recent dispatch indicated that Duncan still hadn’t made up his mind.
Duncan is still a free agent, though he said to Monroe that he spoke to Spurs president/coach Gregg Popovich in recent days as the team prepared its pitch to LaMarcus Aldridge. Duncan’s willingness to take a discount will play heavily into San Antonio’s ability to offer Aldridge a max deal, though the Jim Tanner client has long shown a willingness to sacrifice for the betterment of the Spurs, and he seems poised to play for less than the nearly $10.362MM he saw this past season.
Duncan’s longtime teammate Manu Ginobili has yet to announce his decision about retiring or coming back to play, though Tony Parker recently expressed confidence that both Duncan and Ginobili would be back. However, Ginobili’s return seems less of a safe bet than Duncan’s was, as Bucher and Berger’s reports conflicted on whether the Spurs thought the Argentinian swingman would retire.
Blazers Sign Damian Lillard To Max Extension
JULY 9TH, 12:12pm: The deal is official, the team announced, confirming that it runs for five seasons, through 2020/21.
“From the day he arrived in Portland, Damian has embodied all of the characteristics we value and expect as a player and a person,” GM Neil Olshey said. “The level of commitment we are making to one another provides the foundation our organization will be built on. We could not find a finer example of the organizational culture we are working to create than Damian.”
5:33pm: Lillard released a statement regarding his new deal, hat tip to Spears (via Twitter). “Just thankful, man. I play the game out of love and it’s inspiring to be rewarded for doing things the right way and being a high character person,” Lillard said. “It’s also comforting knowing that none of what I’ve accomplished has been handed to me.”
JULY 2ND, 4:57pm: The Blazers and Lillard have agreed to the max extension, Marc J. Spears of Yahoo! Sports reports (Twitter link). Spears hears from a source who estimates it’ll be worth between $125-129MM, though that would be based off the standard 25% max and doesn’t take into account the 30% max he’d make if he triggers the Rose rule.
JULY 1ST, 8:02am: The Blazers and Damian Lillard are nearing agreement on a five-year max extension, reports Marc Stein of ESPN.com (Twitter link). The news is no surprise, as Lillard was intent on seeking a max extension, as Shams Charania of RealGM reported in April, while Portland had plans to be “very aggressive” to sign the Aaron Goodwin client to just that sort of deal, as Stein later wrote.
The rookie scale extension would be the second during this year’s signing window, as Anthony Davis and the Pelicans quickly agreed to a five-year max extension of their own just as the calendar flipped to July 1st. Both will become the Designated Players for their respective teams, meaning that no one else on Portland or New Orleans can sign a five-year rookie extension until Lillard or Davis are either traded or their extensions run to term. For Portland, that affects C.J. McCollum, Meyers Leonard and the newly acquired Noah Vonleh.
Lillard, whose extension would kick in for the 2016/17 season, would receive an estimated haul in excess of $120MM, according to Stein, though that figure would be based on the point guard ending up with the standard 25% max for veterans of seven or fewer years. However, he made the All-NBA Third Team in 2013/14, and even though he didn’t earn another All-NBA selection this past season, Lillard can still trigger the Derrick Rose rule and end up with a 30% max if he returns to one of the All-NBA teams or wins MVP. The difference would be an estimated starting salary of around $25MM with the 30% max and roughly $21MM on the 25% max.
Pistons Acquire Marcus Morris, Bullock, Granger
JULY 9TH, 11:35am: The deal is official, both teams announced. It’s Morris, Bullock and Granger to Detroit for a 2020 second-rounder.
3:31pm: Detroit hasn’t made a final decision on Granger yet, but he’ll most likely be waived, Vince Ellis of The Detroit Free Press tweets.
JULY 2ND: 2:34 pm: The Suns and Pistons have agreed to a trade that sends Marcus Morris, Reggie Bullock and Danny Granger to Detroit in exchange for a 2020 second-round pick, reports Adrian Wojnarowski of Yahoo! Sports (Twitter links). The deal would clear nearly $8.423MM in additional cap flexibility for Phoenix as it chases LaMarcus Aldridge.
However, the Suns still have about $57MM in commitments against a cap projected between $67.1MM and $69.1MM, and with Aldridge, for whom Phoenix reportedly emerged as a strong contender, in line to make some $19MM on a max deal next season, it appears as though Phoenix still has more cap clearing to do, as Grantland’s Zach Lowe and Wojnarowski point out (Twitter link). Wojnarowski mentions Markieff Morris, who’ll make $8MM next season, and P.J. Tucker, who’s set for $5.5MM, as possible targets for other cap-clearing moves.
The trade with the Pistons by itself breaks up the Morris twins just months after they signed rookie scale extensions with designs on staying together. Marcus Morris instead ends up in Detroit’s frontcourt, as the Pistons use more of their cap space on complementary players after reaching agreement with Aron Baynes earlier today. The deal was made by Detroit to land Morris, who is expected to be the starting small forward next season, Ellis tweets. Morris appeared in 81 games last season for the Suns, including 35 as a starter, averaging 10.4 points, 4.8 rebounds, and 1.6 assists. His slash line was .434/.358/.628.
Bullock will compete for a roster spot with Cartier Martin, Quincy Miller, and Adonis Thomas, relays Ellis (Twitter link). He has never made more than 43 appearances in a season since entering the league with the Clippers, who selected him with the No. 25 overall pick back in 2013. Bullock appeared in 11 games for Phoenix after arriving via trade from Los Angeles, averaging 0.4 points and 0.9 rebounds in 6.8 minutes per contest.
Granger may not be thrilled with the trade, especially since it takes him away from the Suns’ vaunted training staff, who have been working 16.8 to get the veteran healthy and back on the court. The 32-year-old managed 30 appearances for the Heat last season, and zero with Phoenix after it had acquired him via trade. Granger’s career numbers are 16.8 points, 4.9 rebounds, and 1.9 assists, with a shooting line of .434/.380/.848.
Jimmy Butler Re-Signs With Bulls
JULY 9TH, 11:25am: The deal is official, the team announced via press release.
“We are thrilled that Jimmy has committed to remain a Chicago Bull for years to come,” GM Gar Forman said in the press release. “As one of the leagues rising stars, we look forward to his continued growth and him being a major contributor to our team’s continued success.”
JULY 1ST, 1:21pm: Jimmy Butler and the Bulls are finalizing a max contract for five years with a player option after year four, reports Adrian Wojnarowski of Yahoo! Sports (Twitter links). It’ll be worth an estimated $95MM, according to Wojnarowski, with the precise value to be determined, when the deal can become official at the end of the July Moratorium next week. Other teams pursuing him have given up the chase, Wojnarowski adds. The client of Happy Walkers and Steve McCaskill was strongly leaning toward taking Chicago’s five-year offer, as Marc Stein of ESPN.com had reported earlier, and it long appeared as though the Bulls would keep him, with the power to match offers and the willingness to pay the max.
The restricted free agent reportedly intended to seek short-term offer sheets, but wound up re-signing with Chicago on a deal that won’t allow him to choose free agency until 2019. Still, when the Bulls tendered a maximum qualifying offer, that meant Butler couldn’t sign an offer sheet that would let him into free agency sooner than 2018, and he apparently put off meetings with the Lakers, Sixers and Mavs when that offer from Chicago came in. The only recourse would have been to sign his standard qualifying offer, worth less than $4.434MM, and while that would have let him into unrestricted free agency next summer, it would have been a profound financial sacrifice for this coming season.
Butler already gambled on himself when he passed up $11MM salaries on a proposed extension with Chicago this past fall. The former 30th overall pick apparently would have settled for between $12.5MM and $13MM a year at that point, but his performance this season, which earned him this year’s Most Improved Player of the Year award, sent his value skyrocketing.
The result will cost the Bulls even more than the difference between what he might have taken in an extension and an estimated $16MM starting salary for this coming season. Chicago, which also agreed to a three-year, $14.4MM deal with Mike Dunleavy today, is almost certain to pay a stiff tax bill, since it entered free agency with $63MM already against a tax threshold likely to land somewhere around $82MM when the league sets it at the end of the moratorium.
Hawks Acquire Tiago Splitter
11:11am: The deal is official, the Hawks and Spurs announced via press release. The rights to Georgios Printezis and a protected 2017 second-rounder go to San Antonio, according to the statements.
“We’re excited to bring Tiago to Atlanta. He’s played an important role in a winning environment, has a great understanding of our system and will add to our core character,” Hawks coach/executive Mike Budenholzer said as part of the statement. “Tiago also brings championship experience and we look forward to adding his interior presence to our team.”
JULY 9TH, 10:36am: The trade is expected to become final today, with the Hawks sending the rights to a draft-and-stash player and a heavily protected future second-round pick, according to Chris Vivlamore of the Atlanta Journal-Constitution (on Twitter).
JULY 1ST, 10:49am: The Spurs will trade Tiago Splitter to the Hawks, reports Adrian Wojnarowski of Yahoo! Sports (Twitter links). The move comes just after San Antonio agreed to re-sign Danny Green, so the Splitter move will presumably allow San Antonio to preserve the cap flexibility to compete for LaMarcus Aldridge and other marquee free agents, Wojnarowski adds. The deal can’t become official until July 9th, after the July Moratorium, and details of the swap are still in flux, tweets Brian Windhorst of ESPN.com, who suggests other components would allow the Hawks to retain Paul Millsap if they can keep him away from the Magic. Atlanta is expected to absorb Splitter into cap space, as Windhorst writes in a full story.
The arrival of Splitter, who was set to make $8.5MM this coming season and $8.25MM in 2016/17, has a 15% trade kicker in his deal, so he’ll see a bonus of about $2.5MM, notes Brian Windhorst of ESPN.com (Twitter link). Still, with DeMarre Carroll off to Toronto, the Hawks can afford that and still make a max bid for Paul Millsap.
The Spurs had made Splitter available, but it seemed as though there was a scenario in which San Antonio could sign Aldridge, Kawhi Leonard, Tim Duncan and Manu Ginobili while still keeping Splitter, as Marc Stein of ESPN.com wrote. That probably didn’t involve the lucrative deal that San Antonio reached with Green, however.
Heat Re-Sign Goran Dragic
JULY 9TH, 10:43am: The deal is official, the team announced.
“When we traded for Goran last season, we knew he was the type of player and person that we wanted to be part of our HEAT culture,” team president Pat Riley said in a statement. “His pace, ability and vision for the game is the perfect complement to lead our team as we look to bring another championship to Miami. We are pleased he has re-signed and will wear the HEAT uniform for years to come and make Miami his home.”
3:57pm: Riley confirmed that the Heat intends to sign Dragic in a statement the team released. A formal signing can’t take place until July 9th, the day after the July Moratorium.
JULY 1ST, 8:44am: The Heat and Goran Dragic have agreement on a five-year, $90MM deal, reports Marc Stein of ESPN.com (Twitter link). It’ll have a player option on the final season, Stein adds (on Twitter). That’s less than an estimated $108MM max, notes Grantland’s Zach Lowe (Twitter link). Reports in recent weeks indicated that Miami was offering between $80-100MM, though the expectation had previously been that the Heat would offer the max.
Miami has appeared a strong front-runner for the client of Rade Filipovich and Bill Duffy since the Heat gave up two first-round picks in a deal to acquire him at the deadline this year, as Dragic expressed his affection for the Heat and the city of Miami. He nonetheless saw the Lakers as a perfect fit, too. and the Knicks, Pelicans, Kings and Bucks were reportedly likely suitors. Dragic was apparently more likely to leave the Heat if Dwyane Wade bolted, but it appears as though the 29-year-old Slovenian made his decision before his backcourt partner did.
The Heat already had $53MM on the books for next season, so Dragic’s return and a new deal at market value for Wade would likely send the team zooming into tax territory unless it clears salary via trade. Heat president Pat Riley denied that the Heat are shopping Mario Chalmers and Chris Andersen with the idea of doing just that.
The deal is a windfall for Dragic, who made just $7.5MM this past season and less than $23MM during his first six years in the league, according to Basketball Insiders and Basketball-Reference data. Still, it will look like less of an investment from Miami’s standpoint once the salary cap skyrockets, as expected, in the next few years, as Arthur Hill of Hoops Rumors pointed out when he examined Dragic’s free agent stock.
Hawks Waive Austin Daye
The Hawks have waived Austin Daye, as Chris Vivlamore of the Atlanta Journal-Constitution reports (Twitter link) and as the team confirms via press release. His salary was non-guaranteed, but the move clears his $1,185,784 cap hold from Atlanta’s books as it attempts to clear cap room for its agreed-upon re-signing of Paul Millsap and trade for Tiago Splitter.
Atlanta originally signed Daye to a pair of 10-day contracts this past season before inking him to a deal that covered the rest of 2014/15 with the non-guaranteed 2015/16 season tacked on. It wasn’t surprising to see the Hawks, who have close ties to the Spurs, pick him up not long after the Spurs waived him, but the former 15th overall pick didn’t see much action in Atlanta, appearing in only eight regular season games for an average of 9.5 minutes per contest. He didn’t make it in to any of Atlanta’s playoff games.
Teams rarely claim players off waivers, but if a team is interested in Daye, it wouldn’t require too much of an investment to put a claim in on him, since his salary would remain non-guaranteed. Waiver claims require a $1K fee to the league office.
Pelicans Re-Sign Alexis Ajinca
JULY 9TH, 9:33am: The deal is official, the team announced.
JULY 1ST, 1:00pm: The Pelicans will re-sign Alexis Ajinca to a four-year, $20.2MM deal, reports Marc Stein of ESPN.com (Twitter links). Sam Amick of USA Today has the deal worth $20.5MM (on Twitter). Ajinca took to Twitter to reveal that he and New Orleans have a deal. It’s quite a raise on the minimum salary that the Bradley Ames client had been making. The Pelicans, who are above the cap, can use Early Bird rights on the center.
New Orleans withdrew its $1,147,276 qualifying offer to Jeff Withey shortly before reports of the agreement, as Eric Pincus of Basketball Insiders notes (on Twitter), making Withey an unrestricted free agent and further pointing to the team’s commitment to Ajinca as its backup center. The Pelicans have a deal on an extension with Anthony Davis, but Omer Asik, the team’s starting center, is a free agent.
Raptors Sign DeMarre Carroll
JULY 9TH, 9:26am: The deal is official, the team announced (on Twitter).
JULY 1ST, 11:07am: The Raptors will sign DeMarre Carroll, the small forward revealed on his verified Twitter account (hat tip to Kevin Arnovitz of ESPN.com). It’s a four-year, $60MM deal, reports Adrian Wojnarowski of Yahoo! Sports (on Twitter). The Hawks weren’t going to give much more than $50MM on a four-year arrangement, tweets Arnovitz. Carroll said the Pistons and Suns also had interest but the Raptors simply went over the top with their offer, tweets Chris Vivlamore of the Atlanta Journal-Constitution.
The Knicks, Lakers and Celtics all appeared to have interest in Carroll, too, as did the Hawks, but they were growing pessimistic about retaining the Mark Bartelstein client in tandem with Paul Millsap. Carroll is a three-and-D wing whose value skyrocketed after he signed a two-year, $5MM deal with Atlanta in 2013, and it wasn’t an easy decision for him to leave the Hawks, as he told Vivlamore (Twitter link).
Toronto will use much of its max-level cap space on Carroll, likely cutting the team off from a pursuit of LaMarcus Aldridge or another marquee target. The Raptors gained $6.6MM worth of cap flexibility when they traded Greivis Vasquez last week.