Kings, George Karl Near Four-Year Deal
WEDNESDAY. 8:39am: All involved believe that the deal will get done and that Karl will take over as coach in time for the team’s first game after the All-Star break, as Amick writes in an updated version of his story. That indicates Karl shares the impression that Kings management has that an agreement is forthcoming.
10:42pm: The two sides are still in the midst of negotiations, according to TNT’s David Aldridge, who hears the proposed fourth year of Karl’s contract will likely contain buyout language worth a fixed amount that the Kings will owe Karl if they decide not to retain him past the third season of the deal.
TUESDAY, 5:30pm: Only a dramatic and unexpected collapse in the final stage of negotiations can prevent Karl from becoming the next coach of the Kings, Marc Stein and Chris Broussard of ESPN.com report. Though the deal hasn’t been finalized, the organization is already operating under the premise that Karl will take over the team after the All-Star break, the ESPN scribes add.
MONDAY, 5:30pm: Karl is seeking $5MM a year and would prefer the deal not include a team option as the sides continue to negotiate, USA Today’s Sam Amick hears.
4:47pm: George Karl will take over as coach of the Kings after the team plays its final game before the All-Star break Wednesday, absent an unforeseen turn of events, reports Adrian Wojnarowski of Yahoo! Sports. The sides are progressing toward a four-year deal worth between $4MM and $5MM per season, league sources told Wojnarowski, with a team option on that fourth season. The sides are ironing out other details, Wojnarowski adds.
Dan Fegan and Jarinn Akana have no issues with the potential hiring of Karl, Wojnarowski hears, explaining that their seeming opposition was only a desire for clarity on the team’s swift departure from its plans to keep Tyrone Corbin for the rest of the season. D’Alessandro told Corbin on Friday, one day after the Magic fired Jacque Vaughn, that the team planned to search for a new head coach immediately.
It’s been a twisting path since then, with Karl, who worked under D’Alessandro when they were both in Denver, the central figure of the team’s search. Multiple Kings players reportedly oppose the would-be hiring, and members of the front office as well as minority owners have reportedly held reservations about Karl. Majority owner Vivek Ranadive apparently gave D’Alessandro the green light to hire Karl if he wishes, but Ranadive and D’Alessandro have sought assurances that Karl, who’s 63 and is twice a cancer survivor, is healthy enough for the job. There were conflicting reports about whether the team has made an offer to the 2012/13 Coach of the Year, but regardless, the sides appear on the verge of a deal.
Wolves Notes: Exceptions, Deadline, Payne
The Wolves had a few options regarding trade exceptions and their pair of swaps today. It’s likely that they created an exception worth Troy Daniels‘ $816,482 salary, and they had to have dipped into either their $6,308,194 exception left over from the Kevin Love trade or their $4,702,500 exception from the Corey Brewer trade. It’s unclear whether they absorbed Gary Neal‘s $3.25MM salary into one of those exceptions and created a new exception worth Mo Williams‘ $3.75MM salary, or simply matched salaries for Neal and Williams, creating a $500K exception. If they made an exception worth Williams’ full salary, they could have used that to absorb Adreian Payne‘s $1,855,320 rookie scale salary, but if they only made an exception worth $500K in the Williams trade, they would have had to take Payne into either the Love exception or Brewer exception.
Here’s more on the Wolves in the aftermath of their busy day:
- President of basketball operations and coach Flip Saunders said he doesn’t expect to be active again between now and the trade deadline, as he told reporters, including Andy Greder of the St. Paul Pioneer Press (Twitter link). Thaddeus Young, Kevin Martin and Chase Budinger have all been in trade rumors of late.
- Jon Krawczynski of The Associated Press reiterated that he still doesn’t believe the team will move Martin (Twitter link), adding that he doesn’t think it’s likely the team will add a point guard, either.
- Saunders also told reporters that he found it a tough choice between Zach LaVine and Payne when the Timberwolves drafted at No. 13 overall this past June, as the Wolves’ Twitter account notes. The team now has both after drafting LaVine and trading for Payne.
- Although losing more games to get better odds in the 2015 lottery seems like the team’s best route, winning some games might be in the Wolves’ best interest, opines Chip Scoggins of the Star Tribune. Scoggins cites the need to show the fan base that the franchise is building toward something as reason not to pursue a tanking strategy. Minnesota won three games in a row before Monday’s loss to the Hawks.
Chris Crouse contributed to this post.
Kings Rumors: Cousins, Jackson, Karl, Gay
DeMarcus Cousins made it clear that he didn’t want the Kings to fire former coach Michael Malone, but owner Vivek Ranadive told him that he had to do so because Malone clashed with GM Pete D’Alessandro and had missed a meeting, sources tell Bleacher Report’s Ric Bucher. Cousins asked the team at that point to hire Mark Jackson, but as the Kings instead decided to stick with Tyrone Corbin, team officials promised they would consult him in the future, Bucher also hears. The team now is reportedly close to a deal with Karl, and plenty seems up in the air. Here’s the latest from California’s capital city:
- Some close to Cousins weren’t sure if Karl’s personality and the intensity of Cousins would be a match, as Jason Jones of The Sacramento Bee writes. Adrian Wojnarowski of Yahoo! Sports wrote Monday that Cousins’ agents. Dan Fegan and Jarinn Akana, have given their approval of Karl and were merely wary of the team’s swift coaching changes.
- Cousins wasn’t alone among Kings disenchanted with the way the team ousted Malone, Jones adds in the same piece. Rudy Gay recently said he felt “lost” on the court, according to Jones. Gay signed his extension with the Kings in large measure because, as Adrian Wojnarowski of Yahoo! Sports originally wrote, he wanted to play for former coach Michael Malone,
- Ranadive asked D’Alessandro to meet with Karl last week, Jones also writes in his piece. It seemed Monday, before the owner gave the GM the go-ahead to hire Karl if he wished, that Ranadive was hesitating while D’Alessandro pushed for a deal, though perhaps that wasn’t the case.
- The Kings are expected to hire Vance Walberg as an assistant coach should the team complete a deal with Karl, as Chris Haynes of the Northeast Ohio Media Group hears (Twitter link). Walberg, currently a Sixers assistant who previously worked under Karl on the Nuggets, has made his mark on offense, Haynes notes.
Hawks Trade Adreian Payne To Wolves
1:57pm: The pick going to Atlanta will become a second-rounder if it’s not conveyed within the protected years, reports Darren Wolfson of 1500 ESPN Twin Cities (Twitter link).
1:34pm: The Hawks have traded Adreian Payne to the Timberwolves for a first-round pick, the Wolves and have announced. The Hawks have also acknowledged the deal via press release. Chris Vivlamore of the Atlanta Journal-Constitution first reported that Payne would leave the Hawks, Jerry Zgoda of the Star Tribune had him going to the Wolves, and Vivlamore noted the inclusion of the first-rounder (All Twitter links). It represents a sharp turnaround for the Hawks on Payne, whom the Hawks drafted 15th overall out of Michigan State just this past June. The first-rounder that Atlanta receives is for 2017, tweets Adrian Wojnarowski of Yahoo! Sports. Minnesota only had its own first-rounder for that year. The pick will be lottery protected through 2020, sources tell Brian Windhorst of ESPN.com (Twitter link).
“We are extremely excited to welcome Adreian to Minnesota,” Timberwolves coach/executive Flip Saunders said in the team’s statement. “Adreian fits the mold of a young, athletic and talented player who we believe will fit in well with our young and talented core. We’ve liked him for a while and look forward to seeing him grow with us in a Wolves uniform.”
The Wolves were indeed high on Payne going into last year’s draft, tweets Jon Krawczynski of The Associated Press. The power forward has gone on D-League assignment four times this season and has appeared in only three NBA games as the Hawks haven’t found much use for him amid their ascent to the top of the Eastern Conference standings.
The move opens a roster spot for Atlanta, which had been carrying a full 15-man roster. It’s possible, according to Adrian Wojnarowski of Yahoo! Sports (Twitter link), that the Hawks would fill it with Ray Allen, whom they’ve sought, or Gary Neal, who worked under Hawks coach and acting GM Mike Budenholzer when they were both with the Spurs. The Timberwolves are reportedly exploring the idea of a buyout or trade involving Neal, whom they just acquired earlier today from the Hornets. The move also helps make way for the Hawks to sign Edy Tavares, a center whom the team drafted 43rd overall in 2014, when the offseason rolls around, Wojnarowski notes (on Twitter).
The Wolves had immediate plans for the roster spot they opened up in their Mo Williams trade earlier today, as Krawczynski reported earlier today, and Payne restores the team to 15 players, including Lorenzo Brown, who’s on a 10-day contract. It represents a chance for the team to buy low on a highly regarded prospect, and the protection on the pick heading to Atlanta means Minnesota won’t give up a pick higher in the order than the one the Hawks used on Payne last year.
Photo courtesy USA Today Sports Images.
Hornets Acquire Mo Williams
12:28pm: The Timberwolves have followed with a official announcement of their own (on Twitter).
12:09pm: The trade is official, the Hornets announced. Williams, Daniels and some cash go to Charlotte. Neal and the Heat’s 2019 second-round pick that the Hornets had acquired from a previous trade go to Minnesota, according to the statement. The Hornets have released Elliot Williams from his 10-day contract to make room on the roster, the Hornets also announced.
“We are excited to be adding two quality players to our organization,” Hornets GM Rich Cho said. “Mo Williams is a proven NBA player who gives us additional versatility and depth in the backcourt, both while Kemba Walker is out and after Kemba returns. Troy Daniels is an outstanding shooter who we are already familiar with from having had him in our training camp last season.”
11:50am: The Hornets and Wolves have reached agreement on a deal that would send Mo Williams and Troy Daniels to Charlotte and Gary Neal plus a second-round pick to Minnesota, league sources tell Adrian Wojnarowski of Yahoo! Sports. Shams Charania of RealGM originally reported the deal was close (Twitter link). The move represents Charlotte’s effort to make the playoffs and avoid having Lance Stephenson play point guard in the absence of the injured Kemba Walker, Wojnarowski tweets.
The Wolves acquired Daniels via trade from the Rockets on December 19th, so they can’t aggregate his salary in any deal until February 19th, the day of the trade deadline. However, since Williams’ salary of $3.75MM is within 150% plus $100K of Neal’s $3.25MM salary, that part of the swap can go as its own trade, and Charlotte can take in Daniels, who makes the minimum, using the minimum-salary exception. The Daniels part can function as its own trade, meaning he can go out on his own and the trade can become official before the deadline.
Darren Wolfson of 1500 ESPN Twin Cities on Monday identified the Hornets as a likely suitor for Williams, shortly before Wojnarowski reported that talks between the Wolves and Hornets regarding Williams and Daniels had reached an impasse after having taken place recently. It seems the sides worked out their differences within the past day, with Charlotte, coming off back-to-back losses to the Sixers and Pacers, likely the party that reignited talks, though that’s just my speculation.
Marc Stein of ESPN.com reported late last month that rival teams believed Wolves were making Williams available in exchange for a draft pick, and Wolfson identified the Cavs, Clippers and Heat among the “teams to watch” regarding the 32-year-old point guard. There was also a slight chance the Pistons would become involved, according to Wolfson. Ultimately it was the Hornets who emerged with him, and Williams tells Marc J. Spears of Yahoo! Sports that he can see himself finishing his career in Charlotte (Twitter link). However, Williams, who’ll be a free agent at season’s end, said earlier this week that he wouldn’t ask for a trade and wanted to sign a multiyear deal with Minnesota, as Andy Greder of the Pioneer Press wrote.
“This was a difficult decision because of what Mo brought to our team and the impact he had on our young guys,” Wolves coach/executive Flip Saunders said of the move in the team’s statement. “As a coach, you wanted to keep him because of his professionalism and understanding of what you wanted out of him as a player. He scored 52 points against Indiana and did everything we asked him to do. On the other side, we knew we were moving in a different direction with our youth so we felt it was in our best interest to make the deal. We thank Mo and Troy for their contributions and wish them the best of luck in Charlotte.”
The Hornets were reluctant to give up future-focused assets for a short-term fix, GM Rich Cho told Rick Bonnell of the Charlotte Observer shortly after the Walker injury, but Bonnell argues the 2019 second-rounder isn’t much of a compromise from that position (Twitter link). Daniels, who’s averaged just 2.8 points in 7.3 minutes per game split between Houston and Minnesota this season after a breakout performance in the playoffs last year, comes at the cost of a guaranteed minimum salary for next season, but that, too, isn’t much of a sacrifice.
Neal, who’s enduring the worst three-point shooting season of his five-year career, departs Charlotte almost a year after the then-Bobcats acquired him from the Bucks in part because of the long-range threat he represented. He’s set to hit free agency in the summer, though Minnesota appears ready to trade him or work a buyout, so there’s a decent chance his stay with the Wolves will be a brief one.
Elliot Williams was on day No. 7 of the 10-day contract that the Hornets waived Jannero Pargo in order to accommodate. Today’s trade leaves the Hornets with 15 contracts that are guaranteed through the end of the season.
Photo courtesy of USA Today Sports Images.
Knicks To Pursue Jackson, Butler, Matthews
The Knicks plan to target Reggie Jackson, Jimmy Butler and Wesley Matthews, among others, this summer, league sources tell Michael Scotto of SheridanHoops. Scotto also hears the team will go after Greg Monroe, echoing an earlier report. A pursuit of Matthews would be contingent on the team missing out on Butler, Scotto adds, but Butler is a long shot at best. The Bulls are poised to make a max offer to the soon-to-be restricted free agent and executive VP of basketball ops John Paxson has already said he’ll match any offer sheet he signs. Scotto also names the Knicks as a potential free agent suitor for Draymond Green, though Warriors co-owner Joe Lacob has hinted that he intends to retain Green, who’s also due for restricted free agency, and all signs point to the Warriors matching any offer for the third-year forward.
There are conflicting reports about the likelihood that the Thunder will trade Jackson before the deadline, but the Knicks came close enough to trading for Jackson last month that he thought he was on his way to New York, and the Knicks are likely to make another go at trading for him. Jackson, too, is in line for restricted free agency, but he’s apparently open to signing his qualifying offer, which would give him a discounted salary in exchange for unrestricted free agency in 2016. In any case, the Knicks probably don’t have the assets to make a play for Jackson at the deadline, as I wrote when I examined Jackson’s trade candidacy, so a free agent pursuit makes more sense.
Matthews, the only unrestricted free agent aside from Monroe whom Scotto mentions, has expressed a desire to return to the Blazers based on their winning ways, which contrast sharply from the performance of the 10-42 Knicks this season. Marc Berman of the New York Post mentioned Matthews as an example of the sort of second-tier free agent whom Berman says many believe the Knicks will target this summer, couching the report amid a piece on the team’s plan to go after Tobias Harris, yet another restricted free agent.
The Knicks have a little more than $32.717MM committed for next season against a projected $66.5MM salary cap, leaving room for multiple so-called second-tier free agents. Scotto hears from several GMs who estimate Green will receive salaries anywhere from $10MM to $14MM. Some teams reportedly believed at the beginning of the season that Jackson would command between $13-14MM. It’s unclear just how much it would take to sign the others the Knicks are eyeing, aside from Butler, who appears in line for the max from the Bulls.
Cavaliers Shop Brendan Haywood
The Cavs are shopping backup center Brendan Haywood with the intent of acquiring a backup point guard or inside player, according to Joe Vardon of the Northeast Ohio Media Group. Jason Lloyd of the Akron Beacon Journal wrote last month that the “whispers are growing louder” that Cleveland would part with Haywood’s subtly valuable contract before it reaches its full value as a trade chip this summer. That’s because there’s a strong chance that the Cavs will remain over the tax line come July, which would mean that they couldn’t bring in players via sign-and-trade. That would limit the value of Haywood’s $10,522,500 non-guaranteed salary for next season, giving the Cavs reason to dangle Haywood to teams that could take full advantage of his contract this summer.
Haywood’s cap hit is slightly less than $2.214MM this season, though he’s drawing a total of $9.798MM, with the difference coming from the Mavs, who waived Haywood via amnesty in 2012. The Cavs wouldn’t be able to reap a high-salaried player in return for him before the February 19th trade deadline, thanks to the league’s salary-matching constraints that take cap hits and not amnestied salary into account. Yet they might be able to extract better draft compensation or a higher caliber of player than they would otherwise, given the value of Haywood’s deal to other clubs.
Keeping Haywood’s contract would still have appeal to the Cavs even if they stay above the tax line, since they could use his salary to trade for a player already under contract who’s making 125% plus $100K of Haywood’s $10,522,500 non-guaranteed salary come July. The Cavs only have about $26.340MM in commitments next season against a tax that’s projected to come in at $81MM. However, that doesn’t include salary for LeBron James, Kevin Love, J.R. Smith or Mike Miller, all of whom have player options, or new deals for soon-to-be restricted free agents Tristan Thompson, Iman Shumpert and Matthew Dellavedova. That $26.340MM figure doesn’t count Timofey Mozgov‘s team option or Haywood’s non-guaranteed salary, either.
The trade value of Haywood is almost entirely tied to his contract, though he did make one start this season in between the time Anderson Varejao tore his Achilles tendon and Cleveland’s acquisition of Mozgov. The 35-year-old Haywood has nonetheless played only 5.3 minutes per game across 17 appearances after missing all of last season with injury.
LeBron Likely To Opt Out, Sign Two-Year Deal
LeBron James is “widely expected” to opt out of his contract this summer and sign a new contract that covers two years with a player option for the final season, just like the one he signed this past offseason, writes Joe Vardon of the Northeast Ohio Media Group. It’ll almost certainly be another maximum-salary arrangement with the Cavs, as James made it clear that he has no intention of leaving Cleveland again. James is intent on making the “appropriate business decision”, even if it means changing teams this summer, as Northeast Ohio Media Group scribe Chris Haynes heard in December. However, James has said on multiple occasions that he signed his existing short-term deal to maximize his earnings and not to set up an early exit from the Cavs.
Vardon estimates that the maximum salary for a player with 10 or more years of experience, like James, will swell to about $23MM next season. That would give James roughly $1.5MM more than he’d make on his option, which is worth about $21.573MM. Regardless of where the league sets the maximum salary, which won’t be determined until July, James can sign for up to 105% of his approximately $20.644MM salary from this season. The value of the player option is 104.5% of his salary this year, so as long as James is in line to command the maximum salary, as he assuredly will be, opting out will be the wise financial play.
It also makes financial sense for James to sign another short-term deal. The Cavs will only have his Non-Bird rights this summer, so the second season of his deal could again represent no more than 104.5% of the salary in the first year of the contract. Plus, most league executives assume the salary cap will zoom to around $90MM for 2016/17, and that would send maximum salaries skyrocketing with it. So, the ability to once more hit the market and reap part of the influx of the league’s new television deal is surely enticing for the Rich Paul client.
Brian Windhorst of ESPN.com first wrote in July that James would probably continue to sign short-term deals. Inking another two-year pact with a player option, as Vardon pegs him likely to do, would give James the greatest amount of guaranteed money possible while still allowing him the chance to hit free agency again in 2016. Contracts signed under the most recent collective bargaining agreement can only contain one option year, unlike the deal that James signed with the Heat, which contained two options.
The ability for James to leave so soon has made the Cavs a “little uncomfortable”, Windhorst wrote in October, even though it seems highly unlikely he leaves. Another short term deal would keep pressure on the Cavs front office to cater to James, who, as Vardon points out, wants the team to keep spending to maintain a championship-caliber roster. Still, given the backlash James would engender if he were to once more desert Cleveland, the pressure on GM David Griffin and company might be overstated.
Ray Allen Rumors: Monday
Ray Allen plans a decision about his NBA future after this week’s All-Star break, as Brian Windhorst wrote this morning and as we passed along earlier. That time frame, while not quite specific, has nonetheless led to another batch of Allen-related news, so we’ll round it all up here, with any additional updates added to the top throughout the day:
5:59pm update:
- The Warriors haven’t heard anything new from Allen or his representatives for weeks, Tim Kawakami of the Bay Area News Group tweets.
- The Warriors remain interested and they intend on keeping their last roster spot open until he makes a decision, according to Marcus Thompson of the Bay Area News Group (Twitter link)
2:02pm update:
- Nearly every playoff-bound team has reached out to Allen, including clubs without open roster spots, as Alex Kennedy of Basketball Insiders tweets.
- The Warriors plan to follow up with Allen and his reps, according to Rusty Simmons of the San Francisco Chronicle, adding that nothing has changed from the team’s perspective (Twitter link). GM Bob Myers said in December that he’d reached out to Allen’s camp, though Marcus Thompson of the Bay Area News Group indicated last month that the team had abandoned the idea. Windhorst nonetheless wrote in his story this morning that Golden State has kept in touch with the Jim Tanner client.
- Sources close to Allen emphasized to Kennedy the sharpshooter’s long-held stance that he hasn’t decided whether he’ll play at all, and the 39-year-old has yet to tell even his own reps whether he plans to return to the NBA, according to J. Michael of CSNWashington (Twitter links).
Mavs, Wizards Eye Kevin Martin?
3:53pm: The Wizards regard Will Bynum as their chief target aside from Ray Allen, writes J. Michael of CSNWashington.com, so it doesn’t appear as though Martin is a high priority for them.
MONDAY, 10:35am: There’s “nothing there yet” regarding the Mavericks and Martin, a source tells Wolfson (Twitter link).
FRIDAY, 2:33pm: Washington hasn’t discussed Martin to this point, as Darren Wolfson of 1500 ESPN Twin Cities hears (Twitter link).
9:10am: The Mavericks and Wizards are “among the possibilities” for Kevin Martin, as Chris Mannix of SI.com writes within his Open Floor column, calling the Timberwolves shooting guard a “player to keep an eye on” as the February 19th trade deadline approaches. Still, a source told Sean Deveney of The Sporting News about a week ago that there’s “almost zero chance” the Wolves swing any deals because of the long-term salary commitments involved with many of their veterans. Martin, who makes nearly $6.793MM this season, is under contract through 2016/17, a season for which he has a player option worth almost $7.378MM.
Despite those salaries, Jon Krawczynski of The Associated Press wrote last week that he didn’t get the sense that the Wolves wanted to trade the 11th-year veteran. Martin has played in only 14 games this season, including a 37-point performance against the Knicks in which he broke his right (shooting) wrist. He returned to action just last week after an absence of more than two months because of the wrist, and he scored 30 points in Minnesota’s last game, a victory over the Heat. The 32-year-old is averaging 20.5 points per game so far this year, which would represent his first season with a scoring average of better than 20.0 PPG since 2010/11.
Neither the Mavs nor the Wizards have a trade exception large enough to absorb Martin, and both teams are fairly close to the tax threshold, so they’d have to send out matching salary. Washington has the additional burden of a hard cap. The only expiring contract the Wizards have that’s greater than the minimum salary and doesn’t require the player’s consent for a trade is the team’s deal with Andre Miller, who makes $4.625MM this season and has recently fallen out of the rotation. The expiring contracts for the Mavs are all minimum-salary deals, except the ones for Tyson Chandler and Rajon Rondo, players the team will almost certainly keep.