Blazers Acquire Rights To Daniel Diez
FRIDAY, 12:40am: Utah receives cash, according to the formal announcement from the Blazers.
THURSDAY, 11:09pm: The Jazz are sending the rights to the No. 54 pick, Spanish small forward Daniel Diez, to the Blazers, reports Jonathan Givony of DraftExpress (on Twitter). It’s not immediately clear what Utah is getting in return.
Nets Acquire Rights To Juan Vaulet
FRIDAY, 12:34am: Brooklyn’s 2019 second-round pick, a 2018 second-round pick and cash are going to Charlotte in the deal, according to the Nets, who formally announced the trade via press release. Presumably, that 2018 second-rounder is the less favorable of Brooklyn’s pick and Cleveland’s pick, judging by the RealGM pick credits-and-debits log.
THURSDAY, 10:58pm: The Nets will acquire the rights to Argentian small forward Juan Vaulet, whom Charlotte took 39th overall, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). Two future second-round picks are going to the Hornets.
Wolves Acquire Rights To Tyus Jones From Cavs
FRIDAY, 12:26pm: The deal is official, both teams have announced. It’s Minnesota’s own 2019 second-round pick going to Cleveland, the Timberwolves note.
THURSDAY, 9:26pm: The Timberwolves will acquire the rights to Tyus Jones from the Cavaliers, who are drafting him at No. 24, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). The Cavs are getting picks Nos. 31 and 36, Wojnarowski adds (on Twitter). Cleveland will also receive a 2019 second-rounder, according to Sam Amick of USA Today (Twitter link).
It’s a homecoming for Jones, a Burnsville, Minnesota native who was the Most Outstanding Player of the Final Four this year at Duke. His floor vision and leadership make him an intriguing prospect, as Eddie Scarito of Hoops Rumors examined in his Prospect Profile.
Jones represents a cap hold of $1,068,400, and he’ll likely receive 20% more on his rookie scale contract. Clearing him for a pair of second-round picks that don’t count against the cap until they’re signed helps Cleveland keep its costs low as the team reportedly contemplates a payroll of $100-110MM, plus another $75MM or so in luxury taxes.
Blazers Acquire Mason Plumlee
FRIDAY, 12:17am: The trade is official, the both teams announced.
“We are very excited to add Rondae to our roster,” Nets GM Billy King said in a press release. “He is the type of athletic wing we were looking for, and we felt he was the best defensive player in the draft. I also wanted to thank Mason for his time with the Nets and wish him the best with his new team. Mason worked extremely hard from the first time he stepped on the court in training camp last year, and I am sure he will have a long and successful career.”
Technically, Hollis-Jefferson won’t formally join Brooklyn’s roster until he signs, though that should be merely a procedural step.
THURSDAY, 10:41am: The Blazers will acquire Mason Plumlee and the rights to Notre Dame shooting guard Pat Connaughton, who is the 41st overall pick, reports Adrian Wojnarowski of Yahoo! Sports. They’ll send the rights to No. 23 pick Rondae-Hollis Jefferson and Steve Blake to the Nets, Wojnarowski adds (Twitter links).
In Plumlee, the Blazers land a solid replacement should forward LaMarcus Aldridge leave Portland as is anticipated. Brooklyn was reportedly seeking a lottery pick in exchange for the 25-year-old former first rounder, so the team’s return could be considered a disappointment. While Plumlee isn’t in Aldridge’s class ability-wise, he certainly has the talent to step in as an immediate starter. He appeared in all 82 games for Brooklyn last season, averaging 8.7 points, 6.2 rebounds, and 0.9 assists in 21.3 minutes per night. His shooting numbers were .573/.000/.495. Plumlee is set to earn $1,415,520 next season, and his deal carries a team option worth $2,328,530 for 2016/17.
Connaughton, 22, is an exceptional athlete who possesses good shooting range. He appeared in 139 career games while at Notre Dame, averaging 10.5 points, 5.9 rebounds, and 1.8 assists. His career slash line was .450/.386/.777. He was the 58th best prospect in this year’s draft according to Jonathan Givony of DraftExpress.
As for the Nets, they land Hollis-Jefferson, who is arguably the best defender in the entire draft, though there are serious concerns about his outside shot. He is a similar player to the Hornets’ Michael Kidd-Gilchrist in skillset. Last season at Arizona, Hollis-Jefferson averaged 11.2 PPG, 6.8 RPG, and 1.6 APG, with a slash line of .502/.207/.707.
In Blake, the Nets obtain a veteran point guard who can provide depth off the bench. The 35-year-old is entering the last year of his current deal, and is set to earn $2,170,465 in 2015/16. He appeared in 81 games last season, his most since the 2007/08 season, averaging 4.3 PPG, 1.7 RPG, and 3.6 APG. Blake made 35.2% of his shots from beyond the arc, but only sank 37.3% of his field goal attempts overall.
Clippers Acquire Rights To Branden Dawson
FRIDAY, 12:12am: The Clippers have followed with a formal announcement of their own.
THURSDAY, 11:47pm: The Pelicans get $600K worth of cash, reports Dan Woike of the Orange County Register (on Twitter).
11:34pm: The Clippers have acquired the rights to No. 56 pick Branden Dawson from New Orleans in exchange for cash, the Pelicans announced. Dawson mentioned both teams to Zach Links of Hoops Rumors when he spoke about the clubs that had shown interest in him.
Dawson believes he’s a fit at either the small forward or power forward positions. The 22-year-old averaged 11.9 points and 9.1 rebounds in 30.1 minutes per game this past season as a senior at Michigan State.
J.R. Smith Opts Out, Plans To Re-Sign With Cavs
JUNE 25TH, 11:53pm: The deadline for Smith to opt in lapsed, so he has officially opted out, GM David Griffin said, according to Dave McMenamin of ESPN.com (Twitter link).
JUNE 24TH, 3:30pm: Smith is indeed opting out, reports Shams Charania of RealGM, who notes that there’s mutual interest in a return to Cleveland (Twitter link)
JUNE 17TH, 8:59am: J.R. Smith told Chris Broussard of ESPN.com that he’ll probably turn down his player option worth nearly $6.4MM for next season, but Smith said to Chris Haynes of the Northeast Ohio Media Group that he “absolutely” plans to be back with the Cavaliers (Twitter links). The Leon Rose client is no doubt seeking to capitalize on a revitalization that’s taken place since the January trade that took him from the Knicks to Cleveland, though it appears he wants to remain in surroundings in which he’s thrived.
A raise for Smith would further inflate the cost to the Cavs of keeping this year’s roster intact. The team has had internal discussions about lifting the payroll to $100-110MM next season, which, if it ends up on the high end of that range, would entail a tax bill of some $75MM or more, reports Brian Windhorst of ESPN.com. Cleveland’s only guaranteed contracts are with Kyrie Irving and Anderson Varejao, both of whom have extensions kicking in for next season, and Joe Harris. The Cavs also have a $4.95MM team option on Timofey Mozgov and the trade asset of Brendan Haywood‘s non-guaranteed salary of more than $10.5MM. Aside from that, every other player can elect free agency.
LeBron James and Kevin Love are also expected to decline their player options, Windhorst writes, which wouldn’t be a shock as far as James is concerned, but would run counter to what Love told Haynes in January that he planned to do. The Cavs are expected to extend qualifying offers to Tristan Thompson, Iman Shumpert and Matthew Dellavedova to retain the right to match competing bids for them in free agency this year, Windhorst adds.
The mercurial Smith seemed like a much better fit this season as a supporting piece in the Cavs starting lineup than in the Sixth Man role he played in New York, one in which he’d grown stale after winning the Sixth Man of the Year award in 2012/13. The 29-year-old, who turns 30 in September, took 7.3 three-pointers per game in the regular season with the Cavs, which would be a career high if extrapolated over an entire season. He made 39.0% of them, better than the 35.6% he made on only 3.8 three-point attempts per game for the Knicks this year, who appeared eager to make the trade out of the fear that Smith would opt in and take up some of their cap flexibility for next season.
Raptors Trade Greivis Vasquez To Bucks
11:26pm: The deal is official, the Bucks announced.
8:05pm: The Bucks have agreed to a deal with the Raptors that will send Greivis Vasquez to Milwaukee, reports Marc J. Spears of Yahoo! Sports (Twitter link). Marc Stein of ESPN.com (on Twitter) reported the sides were close. The Raptors will get the Clippers’ 2017 first-round pick, one that Los Angeles had previously traded to Milwaukee, and the 46th pick in tonight’s draft, Stein adds (Twitter link).
Raptors GM Masai Ujiri seemingly comes away with a coup, netting a lottery-protected first-rounder for his backup point guard. Vasquez goes into the mix with Michael Carter-Williams at the point in Milwaukee. He’s set to make $6.6MM next season in the last year of a two-year, $13MM pact he signed last summer.
Milwaukee’s guaranteed salary for next season will vault to about $41.6MM as a result of the swap, with another $4.25MM perhaps to come if Jared Dudley opts in. That doesn’t count the cap hold for the No. 17 pick. Still, the Bucks will likely have close to max-level cap room to go after reported targets Brook Lopez and Tyson Chandler while keeping Khris Middleton‘s small $2.725MM cap hold on the books before attempting to sign him to a more lucrative pact.
The Raptors also have the ability to chase major targets with only about $42MM in guaranteed salary for next season. Still, they won’t have the ability to use Vasquez, Kevin Durant‘s high school teammate, to recruit the former MVP when he hits free agency next summer.
Heat Shop Mario Chalmers, Chris Andersen?
THURSDAY, 11:20pm: Heat president Pat Riley says that there is no truth to the reports that the team is shopping Andersen and Chalmers, Jason Lieser of The Palm Beach Post tweets.
8:34pm: Wade and the Heat do not have a meeting scheduled, a source told Ira Winderman of the South Florida Sun Sentinel, contradicting the previous report. Any meeting with Wade would like come after the start of free agency on July 1 when the Heat could discuss contract parameters with him, the same source informed Winderman.
2:58pm: Wade is angry at the Heat as they draw a hard financial line, and he doesn’t feel like the team regards him as a priority, a friend of his tells Jackson. Associates say the Heat have damaged Wade’s trust in the organization, Jackson also hears.
MONDAY, 12:49pm: The Heat are shopping Mario Chalmers and Chris Andersen in an attempt to clear salary that they could use on a new contract for Dwyane Wade, report Ramona Shelburne and Brian Windhorst of ESPN.com. They’ll meet with Wade within the next week as the June 29th deadline for him to formally decide on his $16.125MM player option looms, Shelburne and Windhorst write. Wade, in addition to apparent mutual interest in the Lakers, is interested in the Clippers, too, and LeBron James has expressed interest in Wade joining the Cavs, but both are extreme long shots to land the shooting guard given their cap constraints, as the ESPN scribes explain.
Anderson is set to make $5MM next season and Chalmers $4.3MM as each enters the final year of his respective contract. Clearing their salaries would help the team afford to keep its starting lineup intact without going over the projected $81.6MM tax line, note Shelburne and Windhorst. Doing so would set up the Heat to pay the stiffer repeat-offender tax penalties at the end of next season if they remain over the tax line come the final day of the regular season. Miami isn’t a taxpayer this season, but repeater penalties come into play when a team pays the tax three out of four seasons.
The Heat and Wade had been discussing a new contract for $10MM for as many as three seasons beyond his current deal, sources told the ESPN scribes. A friend of Wade’s told Barry Jackson of the Miami Herald recently that the Heat would like Wade to opt in and sign a deal next summer for $10MM each year for two more seasons. Wade instead prefers to opt out and would welcome $20MM salaries on a new three-year deal, as Jackson also reported.
Wade’s preference remains to stay in Miami, according to Shelburne and Windhorst. That was the case last month when Jackson broke the story that Wade is nonetheless open to leaving the only NBA franchise he’s ever played for. Many league execs believe Wade and the Heat will ultimately resolve their differences, Shelburne and Windhorst write. The Lakers have the cap space to give Wade $20MM a year, but the Heat have Bird rights that would allow them to do so, too. Miami is reportedly planning an offer of less than the max to Goran Dragic, one that would further help the team avoid the tax, or at least pay less of it. Clippers coach/executive Doc Rivers and Cavs GM David Griffin have expressed they’re prioritizing new deals with their own marquee free agents, and thus wouldn’t have the cap space necessary to sign Wade for the sort of salary he’d apparently like.
Blazers, Nets In Talks About Hollis-Jefferson
The Blazers and Nets are discussing a potential deal involving the rights to No. 23 pick Rondae Hollis-Jefferson, reports Adrian Wojnarowski of Yahoo! Sports. However, Portland is enamored with the small forward from Arizona, so it’s unclear if the team is willing to give him up.
Nets GM Billy King has made his desire to move up from pick No. 29 quite clear, and has reportedly been dangling Mason Plumlee and exploring trades involving Bojan Bogdanovic. Still, either would represent a larger cap hit than Hollis-Jefferson would for the Blazers, who have their eyes set on free agency with LaMarcus Aldridge reportedly ready to bolt.
Hawks Acquire Tim Hardaway Jr.
9:59pm: The deal is official, both teams have announced. The Knicks get to create a $1,250,640 trade exception for Hardaway’s salary.
8:42pm: The Hawks and Knicks have struck a deal that sends Tim Hardaway Jr. to Atlanta, which will use the No. 19 pick to select Notre Dame point guard Jerian Grant for New York, reports Adrian Wojnarowski of Yahoo! Sports (on Twitter).
It’s no shock to see Hardaway in a deal, though the Pistons reportedly appeared to be the most interested team. New York drafted Hardaway 24th overall two years ago, and parlays him into a higher selection in this evening’s draft.
Grant spent five years, including a red-shirt season at Notre Dame. He spoke with Zach Links of Hoops Rumors about why he didn’t declare earlier and the progress he made as a senior this past season. He’ll represent a cap hold of $1,310,300 on New York’s books, slightly more than the nearly $1.305MM Hardaway is to make next season.
Hardaway will give Atlanta depth on the wing with DeMarre Carroll a free agent this summer. The Hawks are clearing about $300K in extra cap flexibility as they moved down from the No. 15 pick in a deal with the Wizards before reaching the agreement with New York.