Latest On Cavs, Tristan Thompson
JULY 8TH, 9:10am: The sides made a bit of progress Tuesday, sources told Sam Amico of Fox Sports Ohio, who includes the tidbit at the end of a broader story on Amico Hoops.
JULY 6TH, 1:02pm: Talks between the sides continue, but the dialogue isn’t producing much of substance at this point, Haynes hears. Other teams are keeping a keen watch on the Thompson dialogue, given that LeBron James reportedly won’t talk to the Cavs about re-signing until Thompson’s deal is done, as Haynes details.
1:10pm: The gap isn’t vast, and there’s no animosity between the sides, as Chris Haynes of the Northeast Ohio Media Group hears (Twitter link).
JULY 2ND, 12:05pm: A gap remains between the sides in spite of the progress they made Wednesday, Windhorst tweets.
JULY 1ST, 2:09pm: The Cavaliers and Tristan Thompson are close to an agreement on a deal that would pay him north of $80MM, report Marc Stein and Brian Windhorst of ESPN.com (Twitter link). It appears that would be about the maximum that he could receive in a five-year arrangement. LeBron James made it clear this spring that he wanted his fellow Rich Paul client back with the Cavs, months after Thompson and Cleveland didn’t come to terms on an extension this past fall.
A deal for Thompson would be yet another significant commitment for Cleveland, which will retain Kevin Love, reportedly for the max, and almost certainly will do the same with LeBron. The team has already had internal discussions about a payroll of $100-110MM next season with a tax payment of some $75MM, as Windhorst previously reported.
Thompson turned down a four-year, $52MM extension offer this past fall, betting that he could do better this summer, even though the Cavs had brought in Kevin Love at his position. Thompson came off the bench most of the time, but he excelled as a starter in the playoffs when Love was injured. Still, a max deal is quite a high price to pay for the 24-year-old who averaged only 8.5 points per game this past season, particularly with Love coming back, too.
Jazz Sign Trey Lyles
6:50pm: The Jazz have officially signed Lyles, the team announced.
4:06pm: Trey Lyles, this year’s No. 12 overall pick, has agreed to sign his rookie scale contract with the Jazz, reports TNT’s David Aldridge (Twitter link). That a first-round pick would do so is not usually news, as the existence of the rookie scale usually resolves all meaningful negotiation, but the sides had been struggling to hash out details, as GM Dennis Lindsey acknowledged. The Jazz still haven’t made any formal announcement. The Jazz are giving him four years at $10.4MM, according to Aldridge, who appears to be rounding up from $10,386,049, which is 120% of his scale amount and the most Utah can pay.
Utah could have paid the Rich Paul client as little as 80% of rookie scale, but that would be highly unusual for a lottery pick. Lindsey suggested that the hangup had to do with cap holds, and indeed, many teams with the flexibility to open cap room wait to sign their first-round picks. The Jazz entered July with about $49MM in guaranteed salary and have since reportedly struck a two-year, $4.5MM deal with Joe Ingles, and apparently are poised to sign draft-and-stash point guard Raul Neto, too. The cap hold for Lyles will jump from $1,866,500 to $2,239,800 when he signs for 120% of the rookie scale, so the Jazz would retain a touch of financial flexibility if they wait.
Lyles hasn’t participated in any summer league games or practices for the Jazz so far, likely a matter of consternation as Utah revives its in-house summer league this year. It’s not uncommon for draftees to appear in summer league games even before they sign.
Just how the combo forward’s game will translate to the NBA remains a mystery, as Arthur Hill of Hoops Rumors wrote in his prospect profile of one of the many University of Kentucky players in this year’s draft. Still, he has an intriguing mid-range game and was the ninth-best prospect this year, according to Chad Ford of ESPN.com. Jonathan Givony of DraftExpress ranked him 18th. Eddie Scarito of Hoops Rumors had him going 13th in his last mock draft.
Lowe’s Latest: Heat, West, Aldridge, Suns
The Heat have “put out Shabazz Napier feelers” as they seek to maximize their cap flexibility for the summer of 2016, Grantland’s Zach Lowe writes within a larger column on free agency. Mario Chalmers and Chris Andersen are available “for nothing,” Lowe adds, presumably meaning that the Heat continue to place a priority on clearing their salaries in an effort to avoid repeat-offender luxury tax penalties. Heat president Pat Riley denied a report last month that the team was shopping the pair, who are set to make a combined $9.3MM this coming season, but it sounds as if Miami is at least open to the idea of moving them if another team comes forward with an offer. Miami could simply decline its 2016/17 team option on Napier, worth about $1.35MM, but the team presumably wants to extract more value than that out of last year’s 24th overall pick. Lowe dishes plenty more in his latest must-read column, and we’ll pass along some of the highlights:
- David West turned down an extra $4MM or so from the Wizards and about an extra $2MM from the Warriors when he reportedly agreed to sign for the minimum salary with the Spurs, several league sources tell Lowe. That signals that Washington would have spent its $5.464MM non-taxpayer’s mid-level and Golden State would have used its $3.376MM taxpayer’s mid-level instead of committing part of it to Leandro Barbosa.
- The Nuggets tried before the draft to trade the lottery protected 2016 first-round pick it acquired from the Blazers in the Arron Afflalo trade in February, but no one bit, out of fear that the Blazers would lose LaMarcus Aldridge and miss the playoffs two years in a row, Lowe hears. If Portland doesn’t qualify for the postseason in 2016 or 2017, the first-rounder turns into two second-rounders, as RealGM notes.
- Aldridge’s interest in the Lakers was serious as free agency began, several sources told Lowe. He took two meetings with the team after the first one apparently didn’t focus enough on basketball for his liking.
- Suns owner Robert Sarver is impatient with his team’s playoff drought and has made it clear to the front office that he wants them to be aggressive in free agency, Lowe reports. That explains Phoenix’s pursuit of Aldridge, which had the Suns seemingly co-favorites with the Spurs at one point.
- The best information so far indicates that DeMar DeRozan and Chandler Parsons will opt out next summer, Lowe writes, though it’s early.
- George Karl loved coaching Kosta Koufos when they were together with the Nuggets, according to Lowe, so Sacramento’s agreement to sign the center leaves the Grantland columnist with the impression that Karl indeed has some degree of sway over Kings personnel.
Rockets Sign Sam Dekker
The Rockets have signed Sam Dekker, this year’s No. 18 overall pick, the Priority Sports agency tweets (hat tip to Jonathan Feigen of the Houston Chronicle). Mark Berman of Fox 26 Houston says agent Mark Bartelstein told him the sides have a verbal agreement in place (Twitter link), and the team has yet to make any official announcement. Regardless of whether Dekker has actually put pen to paper, the signing is likely a mere formality, as the rookie scale usually removes any substantive negotiation between teams and their first-round picks. Dekker will make more than $1.646MM this year in the first year of a four-year deal, presuming he receives the standard 120% of the rookie scale.
Dekker’s stock surged amid Wisconsin’s run to the national championship game in the NCAA Tournament. The small forward is dynamic, with high basketball IQ and toughness, though he’s not a standout in any particular area, and his outside shooting could use some work, as Dana Gauruder of Hoops Rumors wrote in his prospect profile.
Houston took Dekker largely within his projected range. Chad Ford of ESPN.com had him as the 16th-best prospect, while Jonathan Givony of DraftExpress ranked him 21st. Our Eddie Scarito predicted he’d go 17th in the final Hoops Rumors Mock Draft.
The Rockets will likely remain over the cap after missing out on star targets LaMarcus Aldridge and Kevin Love, so the Dekker signing, which will lift his cap hold by roughly $300K, is unlikely to affect the team’s flexibility.
Cavs, Nets Joe Johnson Talks Stall
TUESDAY, 11:28am: Cleveland and Brooklyn haven’t spoken for three days, Broussard said on SportsCenter (Twitter link via Mike Mazzeo of ESPN.com). Mazzeo indicates that the talks are dead as the Cavs focus elsewhere.
12:50pm: The Cavs were the first to show resistance to the deal, based on their tax concerns, and now the Nets aren’t all that enthusiastic, either, as a transcription of Broussard’s SportsCenter appearance on NetsDaily reveals. LeBron James, who wants the Cavs roster to be as loaded as possible, is watching as he lingers in free agency, Broussard reminds.
MONDAY, 12:20pm: The Nets have been looking for a third team to take on Varejao’s contract, but the talks with the Cavs are on hold for now, reports Chris Broussard of ESPN (Twitter link via ESPN colleague Mike Mazzeo).
4:55pm: The Johnson trade talks are preliminary and not likely to be productive, Robert Windrem of NetsDaily.com tweets.
SUNDAY, 3:33pm: The Cavaliers are interested in using Brendan Haywood‘s bloated non-guaranteed salary as ballast in a trade that would bring in Joe Johnson, reports Brian Windhorst of ESPN.com. Cleveland would have to send additional salaries to Brooklyn to make the salary matching work, but Windhorst suggests that Anderson Varejao is a possibility to go to the Nets.
The Nets have been actively shopping Johnson in recent days and they’ve had talks with the Grizzlies about the veteran. The Pistons and Hornets, also spoke with Brooklyn about him this past season, despite his severely bloated contract. Johnson, who averaged 14.4 PPG, 4.8 RPG, and 3.7 APG in 34.9 minutes per contest last season, is the second-highest paid player in the league at $24.8MM for 2015/16. He’s not a great value, but he is still a strong scorer and would give Cleveland some additional outside shooting. While moving his salary would lift a great luxury tax burden off of Mikhail Prokhorov’s shoulders, it would have the inverse affect on the Cavs’ finances.
Haywood has a $10.5MM non-guaranteed deal that has huge financial implications for a team if waived prior to August 1st. Trading for and waiving Haywood could save the Nets tens of millions in tax payments. Still, there would need to be more, such as Varejao, coming from Cleveland to Brooklyn in order to make a swap work.
The Cavs are poised to go over the tax threshold by quite a bit if they re-sign most of their free agents, as GM David Griffin has indicated he wants to do, but for now, they’re below the tax line, which is projected to come in at around $82MM when the league sets the figure at the end of the July Moratorium. So, they can take in as much as $15,522,500 via trade using the Haywood contract, which calls for a non-guaranteed salary of $5MM less than that amount, as long as that trade doesn’t take them into tax territory. If they do a trade involving Haywood at a point when it would either cause them to cross the tax line or when they already have crossed the tax line, they could only take in $13,253,125 using Haywood’s salary. The Nets are already well into tax territory, so they can’t bring in more than 125% plus $100K than they send out.
If the Cavs send both Haywood and Varejao to the Nets, it won’t matter whether Cleveland is above or below the tax line, since the salary-matching rules would be the same: The Cavs would be limited to taking in 125% plus $100K. Johnson’s deal would fit within those parameters.
Varejao, when healthy, is a capable rebounder and scorer, but health issues have dogged him in recent years. Over the last five seasons, Varejao has missed 50+ contests in four of those campaigns. In his “healthiest” of those five seasons, Varejao played in 65 regular season games. For his career, the big man has averaged 7.9 PPG and 7.8 RPG in 25. 8 minutes per night.
The possibility of moving Varejao could be behind the Cavs’ interest in free-agent forward David West over the last several days, Windhorst writes. West has indicated he wants to play for a Finals contender, and the Cavs have been attempting to recruit him, sources told Windhorst.
Suns Shop Markieff Morris
The Suns have been attempting to trade Markieff Morris, as Jordan Schultz of the Huffington Post hears (Twitter link). Schultz points to a poor relationship between Morris and coach Jeff Hornacek, and Phoenix’s agreement to trade twin Marcus Morris to the Pistons. Schultz is also hearing the suggestion that the Suns are targeting Ryan Anderson, among other power forwards (Twitter link), though it’s unclear if Anderson is indeed in their sights.
The Suns would have traded Markieff Morris if LaMarcus Aldridge had committed to come to Phoenix, Grantland’s Zach Lowe writes, though Schultz’s report would suggest that offloading the remaining Morris brother is still a focus for the Suns even though Aldridge has agreed to a deal with the Spurs instead. The Morris twins are facing felony aggravated assault charges stemming from a January incident. The Suns had allowed them to divvy up $52MM in extension money this past fall, and the brothers prioritized sticking together, but Phoenix split the two even before their extensions kicked in. Markieff Morris is slated to make $8MM this coming season in the first year of his four-year, $32MM extension.
It’s unclear if Phoenix is looking to clear cap space with a Morris trade, as it surely would have if Aldridge were still a possibility, or if the Suns would prefer to trade Morris for a player who can contribute. Anderson would certainly fit the mold of a productive player, and his salary $8.5MM salary for this coming season is a match, but New Orleans would have to be motivated to give him up.
Timberwolves Sign Karl-Anthony Towns
The Timberwolves have officially signed No. 1 overall pick Karl-Anthony Towns, the team announced (Twitter link). He’ll almost certainly make close to $5.704MM this season, the first of his four-year rookie scale contract, on the standard 120% of the rookie scale, as our table of likely salaries for first-round picks shows. The formal signing represents one of the few types of transactions that can take place before Thursday, when the July Moratorium will be over.
Towns emerged as the top contender to become the No. 1 pick during the NCAA Tournament, even though his star-studded Kentucky team fell short of the national title that Jahlil Okafor, previously the leading prospect, came away with as a part of Duke’s team. Timberwolves coach/president of basketball operations Flip Saunders seemed like a late convert, but he ultimately came on board. Towns’ superior all-court game sets him apart, as Eddie Scarito of Hoops Rumors examined in his prospect profile.
The timing of the move, coming along with the team’s signing of No. 24 overall pick Tyus Jones and shortly after reports of agreements with Kevin Garnett and Nemanja Bjelica, likely signals an end to the major business of the summer for Minnesota, outside of trades. The team will almost certainly operate above the cap, though it will have a roughly $1.7MM portion of its mid-level left to make additions after likely having committed part of it to Bjelica.
Heat Engage Clippers About Jamal Crawford
The Heat have reached out to the Clippers to gauge their willingness to trade Jamal Crawford, a league sources tell Chris Haynes of the Northeast Ohio Media Group, with the idea that he would provide depth and injury insurance behind Dwyane Wade. Still, a Clippers official who spoke with Haynes insists that the team is not shopping Crawford. Marc Stein of ESPN.com reported earlier that the Cavs have explored trading Brendan Haywood for Crawford and others, advancing an earlier report from The Plain Dealer’s Terry Pluto of rumors linking Cleveland to Crawford.
Cleveland would be able to offer superior cap flexibility in return with Haywood’s sizable non-guaranteed deal, though Miami could offer direct roster relief to the Clippers as they reel from DeAndre Jordan‘s departure. Heat president Pat Riley has denied that he’s looking to trade Chris Andersen and Mario Chalmers, though those names keep coming up. The Clippers would probably focus on someone who could provide more production, so perhaps they’d ask for Josh McRoberts, though that’s just my speculation.
Crawford is due $5.675MM this coming season, making him still a relative bargain even coming off his fewest minutes per game since the 2002/03 season. The 35-year-old’s salary became fully guaranteed when the Clippers elected not to waive him before last week’s contract guarantee date. The Clippers were apparently exploring the idea of trading him, if not shopping him, before the draft, with one report linking him to the Nuggets.
Cavs Look Into Trading For Jamal Crawford
The Cavaliers are exploring a trade that would send Jamal Crawford to Cleveland with Brendan Haywood‘s non-guaranteed contract headed to the Clippers, reports Marc Stein of ESPN.com (Twitter links). The news piggybacks on an earlier report from Terry Pluto of the Plain Dealer, who’d heard rumors connecting Crawford to the Cavs. The Clippers would have to send out additional salary to make such a deal work.
Talks between the Cavs and the Nets about a trade that would incorporate the Haywood contract in a package to bring back Joe Johnson have seemingly stalled. Crawford would entail similar production at a fraction of the cost, as he’s slated to make just $5.675MM this coming season as opposed to Johnson’s gigantic salary of nearly $24.895MM.
Taking back Haywood’s deal, worth nearly $10.523MM this coming season but non-guaranteed as long as he’s waived by the end of August 1st, would help the Clippers clear salary to find a replacement for DeAndre Jordan. They could try to flip him for David Lee, as Eric Pincus of Basketball Insiders speculates, noting that a Haywood-for-Lee trade would fit the league’s salary-matching parameters (Twitter links).
Cavs Rumors: Smith, Crawford, Love
The Cavaliers struck deals on the first day of free agency with Kevin Love and Iman Shumpert, and they were reportedly close to doing the same with Tristan Thompson the same day, but their pace has slowed considerably since then. The Thompson talks have reportedly bogged down, with LeBron James apparently unwilling to talk about a deal for himself until Thompson, a fellow Rich Paul client, is taken care of. The Joe Johnson trade discussions with the Nets appear to be in limbo, too. Still, there are plenty of rumors, as we’ll pass along:
- The Cavs don’t see the wisdom in giving J.R. Smith the long-term deal he’s seeking, and Smith “pretty much signed his exit papers” from Cleveland when he opted out, writes Terry Pluto of the Plain Dealer. That’s in spite of Smith’s apparent inclination to remain in Cleveland and LeBron’s desire to have the former Sixth Man of the Year back. Still, James is a fan of Johnson, and Pluto suggests the Nets swingman as a possible replacement for Smith on the wing. Those talks with the Nets about Johnson appear to be stagnant, however.
- Pluto hears rumors linking the Cavs to Jamal Crawford, and the Plain Dealer scribe suggests Crawford as another possible trade target with the Brendan Haywood contract. The Clippers were reportedly exploring trades for Crawford shortly before the draft.
- The Cavs and Love had a verbal agreement in place before July 1st, as Chris Haynes of the Northeast Ohio Media Group hears. That would technically violate collective bargaining agreement rules, since the sides weren’t allowed to talk contract until this month, but the practice of engaging in clandestine early negotiations wouldn’t exactly be unprecedented, Haynes notes.