Nets, Andrea Bargnani Start Buyout Talks
The Nets and Andrea Bargnani have begun negotiations on a buyout, reports Marc Stein of ESPN.com (Twitter link). It’s no surprise, as Adrian Wojnarowski of The Vertical on Yahoo Sports earlier this week identified the former No. 1 overall pick among those almost certain to end up doing buyouts if they weren’t traded by Thursday’s deadline. Bargnani is in the first season of a two-year contract for the minimum salary that includes a player option for next year, so the buyout talks have implications that are liable to affect Brooklyn’s cap flexibility for the summer ahead.
The 30-year-old Bargnani missed Friday’s game with an illness and today’s practice because of personal reasons, notes Brian Lewis of the New York Post (Twitter link). He was also out for the final two games before the All-Star break. The Nets have given him only 13.8 minutes per game, a career low by a wide margin, and with 6.6 points per outing, he’s in line to finish a season with a scoring average in the single digits for the first time.
The Leon Rose client essentially has until March 1st to strike a buyout deal. That’s the final day a player can hit waivers and retain eligibility to appear in the playoffs with another team. His nine-year veteran’s minimum salary for this season is $1,362,897, with $1,551,659 scheduled to come his way next season. The Nets have about $45MM in guaranteed salary on the books for 2016/17, not including Bargnani’s option. The cap for next season is estimated to come in at between $89MM and $95MM.
Multiple Teams Interested In Anderson Varejao
7:45pm: The Spurs and Mavericks are also among the teams interested in Varejao, Stein writes in a full-length story. Dallas is reportedly the frontrunner to sign David Lee once he clears waivers, so it is possible that the Mavs consider Varejao a secondary option, though that is merely my speculation.
6:51pm: The Warriors are among the teams that have expressed interest in signing Varejao once he clears waivers, Marc Stein of ESPN.com tweets.
12:18pm: The Thunder have swiftly jumped into the market for Anderson Varejao, ESPN’s Brian Windhorst said in an appearance with Tony Cartagena on ESPN Cleveland Radio today (audio link; scroll to seven-minute mark). Windhorst also links the Clippers and the Bulls to Varejao, though that appears to be speculative. The Trail Blazers waived Varejao on Thursday after acquiring him via trade from the Cavaliers, who can’t re-sign him for 12 months.
Oklahoma City shed $3.615MM in salary and roughly another $6MM in projected luxury tax penalties thanks to Thursday’s trade to acquire Randy Foye. The Thunder are still well over the tax threshold, but the cost of a prorated minimum-salary contract for Varejao would pale in comparison to what the team would have spent if it hadn’t pulled off the trade with the Nuggets that sent out D.J. Augustin and Steve Novak. Oklahoma City sent an undisclosed amount of cash to Denver in the swap, but it couldn’t have been more than $1.9MM.
The deal also opened a roster spot for the Thunder, so they wouldn’t have to make a corresponding move to add Varejao. The 33-year-old big man must first clear waivers before signing with any team, though that’s likely a formality, given the nearly $10MM in guaranteed salary his contract would entail for next season.
The Thunder have a prorated portion of their $3.376MM taxpayer’s mid-level exception that they could use to outbid other suitors, though doing so would cut into the money the team saved in the trade.
Cavs Interested In Steve Novak
Three-point specialist Steve Novak would be a candidate to join the Cavaliers if he works a buyout with the Nuggets and becomes a free agent, reports Chris Haynes of the Northeast Ohio Media Group and the Cleveland Plain Dealer, who writes at the bottom of his latest on fellow Cavs target Joe Johnson. The Nuggets have agreed to work on a buyout with Novak, as Marc Stein of ESPN.com reported Thursday, though a follow-up dispatch from Stein made it seem as though a buyout is a certainty. Either way, March 1st is the last day any player can hit waivers and appear in the postseason for another team, so that’s the de facto deadline Novak is dealing with.
The 32-year-old Novak appeared in only seven games for the Thunder this season before the Thursday trade that shipped him to the Nuggets. He last averaged at least 10.0 minutes per game in 2013/14, when he saw precisely that amount of playing time in 54 games for the Raptors. His career 43.2% 3-point shooting has helped keep him in the league, and so has his contract, which gives him $3.75MM this season. A buyout would entail him giving up part of that amount.
Cleveland could sign both Johnson and Novak without having to offload anyone, since the Cavs have two open roster spots. The March 1st deadline doesn’t apply directly to a signing. A waived player can sign as late as the final day of the regular season and appear in the playoffs, just as long as his release from his previous team came no later than March 1st.
Cavs Top Non-Nets Wish List For Joe Johnson
Joe Johnson would sign with the Cavaliers if he works a buyout with the Nets and reaches free agency, sources tell Chris Haynes of the Northeast Ohio Media Group and the Cleveland Plain Dealer. Haynes earlier this month identified Cleveland’s interest in Johnson for the buyout market, but multiple reports since then have indicated that a buyout is unlikely for the 15th-year veteran who’s making almost $24,895MM on an expiring contract this season. The Nets understand the financial terms it would take to work a buyout with the 34-year-old sharpshooter, and for them, it’s a matter of whether the savings would be enough to justify a move that would help the Cavs, sources have explained to Haynes.
Johnson said recently that he’ll place a priority on winning when he picks his next team, but he wouldn’t dismiss the idea of re-signing with the Nets when his contract expires this summer. That suggests he’s in no hurry to do a buyout, and Haynes hears he isn’t giving a buyout a ton of thought. The Heat would also reportedly be interested in Johnson if he were to become available.
Cleveland has two open roster spots, though filling either of them, or both, would add to the team’s league-high projected tax bill. The Cavs nonetheless trimmed an estimated $10MM in combined salary and would-be tax penalties in a pair of trades Thursday.
Pistons Notes: Van Gundy, Motiejunas, Harris
Stan Van Gundy acknowledges the trade for Donatas Motiejunas carries more risk than other moves given his persistent back trouble and status as a soon-to-be restricted free agent, but he feels the chance of a high reward is worth it, as the Pistons coach/executive said Thursday following the trade deadline (transcription via Pistons.com). Motiejunas will have to pass a physical to validate the trade, notes Vince Ellis of the Detroit Free Press, but Van Gundy said the team believes the back issue is minor, Ellis also relays (Twitter links).
“He’s been a guy that’s been very, very high on our list for a long time,” Van Gundy said, according to the team site. “When our scouts get together and do their thing, that’s what happened at the trade deadline. Both he and Tobias [Harris] have been very, very high on our list. It just happened to be a situation with Tobias where it didn’t work out in the summer because we couldn’t pursue him because of the restricted free agent thing. And Donatas was then just coming off the injury or just had the injury.”
Van Gundy added that “we would have laughed, quite honestly” if someone told him and his staff two weeks ago that they could land both Motiejunas and Harris. See more from the Motor City.
- The Kings were the only “real” suitor for Harris in free agency this past summer, writes Zach Lowe of ESPN.com, though GM Jeff Bower acknowledged the Pistons had interest in signing Harris, tweets Rod Beard of The Detroit News.
- Motiejunas comes with some promise for the future if the Pistons re-sign him, but Thursday’s trade was more about the short term than the acquisition of Harris was, Beard contends. Still, the combination of the moves show the team’s focus on positioning itself for the future, according to Beard.
- The Motiejunas swap wasn’t that much of a risk for the Pistons, who dealt from a position of strength that the Harris trade had given them, MLive’s David Mayo argues. The ability to snag Harris without giving up a first-rounder empowered Detroit to spend that first-rounder in Thursday’s trade, Mayo writes.
Magic, Al Horford Have Mutual Interest
The Magic and Al Horford share interest in each other with free agency looming for the big man and Orlando having opened plentiful cap room with its trades this week, a source told Sean Deveney of The Sporting News. Zach Lowe of ESPN.com tweeted Wednesday that he expects the Magic to push hard for the Jason Glushon client this summer. Horford remains with Atlanta, though he was reportedly in play for a trade as late as two hours before Thursday’s deadline.
Atlanta was nonetheless setting a high price in trade talks for the former University of Florida standout who holds the Hawks in high regard. His Bird rights are tied to Atlanta, meaning the Hawks are the only team that can offer him a fifth year in a contract, a factor that Lowe hears will be of utmost importance to the 29-year-old. The Hawks can also give him 7.5% raises instead of the 4.5% raises other teams are limited to, so a five-year package from Atlanta would be worth $36.852MM more than a four-year deal from the Magic or anyone else, based on the NBA’s projection of a $24.9MM maximum salary for players with Horford’s level of experience. However, Florida’s lack of a state income tax mitigates that difference, at least to some degree.
Deveney speculates about the prospect of Horford and fellow soon-to-be free agent Joakim Noah, Horford’s college teammate, joining forces in Orlando. Noah is unlikely to re-sign with the Bulls, Deveney writes, a view that conflicts with Bulls GM Gar Forman‘s optimism on the matter, which Forman expressed Thursday to reporters, including Nick Friedell of ESPNChicago.com (Twitter link). Noah and Magic coach Scott Skiles didn’t always see eye-to-eye when they were together on the Bulls, but much has changed since then, according to Deveney, and players generally like working under coach Scott Skiles despite his reputation as a hard-liner, Deveney writes.
The Magic have the flexibility necessary to spend on multiple high-profile free agents if they can attract them to Orlando. They have only about $36MM in guaranteed salary against a salary cap for next season that’s estimated to be between $89MM and $95MM. The Magic will also go after DeMar DeRozan, according to Deveney, but he’s consistently made it clear he wants to re-sign with the Raptors.
Pelicans Waive Jarnell Stokes
The Pelicans have waived the freshly acquired Jarnell Stokes to make room on the roster for their new contract with Bryce Dejean-Jones, the team announced via press release. Stokes had just come via trade from the Heat on Thursday, though Scott Kushner of The New Orleans Advocate reported then that the Pelicans were thinking about releasing him. New Orleans also received cash in the deal for Stokes, which totals a little more than $700K, according to Marc Stein of ESPN.com, and Kushner indicates that will go toward funding the partial guarantee for next season in the Dejean-Jones deal (Twitter link).
The Pelicans are also going to pay the remainder of Stokes’ guaranteed salary of $845,059 for this season if he clears waivers, which would come to about $273K, according to Bobby Marks of The Vertical on Yahoo Sports (on Twitter). His contract carries a non-guaranteed minimum salary of $980,431 for next season.
Stokes, 22, is only about a year and a half removed from having become the 35th pick in the 2014 draft. However, he’s made it into only 26 NBA games, fewer than the 39 D-League contests he’s played while on assignment from the Grizzlies and Heat. The power forward is averaging 20.6 points and 10.2 rebounds in 30.9 minutes per game across 16 D-League appearances this season.
New Orleans still has 15 players on its roster in the wake of the Stokes release and the Dejean-Jones signing. All 15 are signed through at least the end of the season.
Texas Notes: Howard, Foye, Powell, Anderson
The Mavericks and Bulls were among the teams the Rockets spoke to about Dwight Howard in the days leading up to Thursday’s trade deadline, reports Marc Stein of ESPN.com, reiterating earlier reports that Houston talked with the Hawks, Celtics, Hornets, Heat and Bucks. The Rockets held out for one “frontline player” and a first-round pick in return, sources told Stein, though it’s not entirely clear whether he means “frontline” as in “frontcourt” or as in “of importance.” GM Daryl Morey provided a hint, as Jonathan Feigen of the Houston Chronicle relays.
“It was going to have to take something significant to make us look at anything and even then we probably wouldn’t have,” Morey said in part.
Morey also said that he believes in the combo of Howard and James Harden and was never close to trading Howard, Feigen notes, but according to Chris Mannix of The Vertical on Yahoo Sports, the Rockets understand that Howard and Harden are simply a poor fit on the court. The Rockets and other teams had considerable differences about what a Howard trade would look like, even though executives around the league believe Howard is a better scorer than his numbers in Houston show, Mannix writes. See more from the Texas Triangle:
- The Mavericks had some level of interest in Randy Foye before the Nuggets traded him to the Thunder instead Thursday, but the Mavs weren’t going to offer either Devin Harris or Raymond Felton for him, writes Eddie Sefko of the Dallas Morning News.
- The Mavs are always looking for another shooter, president of basketball operations Donnie Nelson said, according to Sefko, who indicates in the same piece that the team wouldn’t mind signing a big man, either, as the post-deadline buyout market develops.
- Teams offered picks likely to fall in the middle of the first-round to the Mavs for Dwight Powell and Justin Anderson, a source tells Brad Townsend of The Dallas Morning News (Twitter link). Presumably that means each of them would have netted that sort of pick individually, and not the two of them as a package.
- Jabari Young of the San Antonio Express-News wouldn’t be surprised to see the Spurs replace former assistant GM Sean Marks with Spurs D-League GM Brian Pauga, also noting that ex-Spurs executive Danny Ferry has been hanging around the team of late (Twitter links). Young made his remarks on the evening before the Nets hired Marks as their GM.
2016 Trade Deadline Recap
No superstars were among the players changing teams in nine deadline-day trades Thursday, but several notable figures, from Markieff Morris to Lance Stephenson to Channing Frye, were among those swapped. It wasn’t quite the bonanza that the 2015 trade deadline was, but chaos reigned for a while Thursday afternoon as teams feverishly negotiated and struck deals, as is often the case this time of year.
So, in the aftermath, we’re offering this simple guide to sorting out what happened. Click on the link atop each summary for full details on each trade, including information on salary, trade exceptions and more. Note that the trades are listed in reverse chronological order.
- The Thunder get Randy Foye.
- The Nuggets get D.J. Augustin, Steve Novak, Oklahoma City’s 2016 unprotected second-round pick, Charlotte’s 2016 second-round pick (bottom-five protected) and cash.
- The Clippers get Jeff Green.
- The Grizzlies get Lance Stephenson and the Clippers’ 2019 first-round pick (lottery protected).
VOIDED — Detroit/Houston/Philadelphia
- The Pistons get Donatas Motiejunas and Marcus Thornton.
- The Rockets get Detroit’s 2016 first-round pick (top-eight protected) and the rights to Chukwudiebere Maduabum.
- The Sixers get Joel Anthony and Denver’s 2017 unprotected second-round pick.
- The Wizards get Markieff Morris.
- The Suns get Kris Humphries, DeJuan Blair and Washington’s 2016 first-round pick (top-nine protected).
- The Trail Blazers get Brian Roberts and Miami’s 2021 second-round pick.
- The Heat get $75K cash.
- The Cavaliers get Channing Frye.
- The Magic get Jared Cunningham and Cleveland’s unprotected 2020 second-round pick.
- The Trail Blazers get Anderson Varejao and Cleveland’s top-10 protected 2018 first-round pick.
- The Cavaliers get their own 2020 second-round pick (unprotected; Portland had acquired it in a previous trade).
- The Hawks get Kirk Hinrich.
- The Bulls get Justin Holiday and Denver’s unprotected 2018 second-round pick.
- The Jazz get Shelvin Mack.
- The Pelicans get Jarnell Stokes and $721,300 cash.
- The Heat get New Orleans’ 2018 second-round pick (top-55 protected).
Thunder, Nuggets Swap Augustin, Novak, Foye
8:52pm: The Thunder have acquired Randy Foye from the Nuggets, sending D.J. Augustin, Steve Novak, two second-round picks and cash to Denver, the teams announced, confirming the original report from Ken Berger of CBSSports.com (Twitter link). The second-rounders the Nuggets get are Oklahoma City’s 2016 second-rounder and Charlotte’s bottom-five protected 2016 selection, according to RealGM. Oklahoma City confirms the receipt of a trade exception, which will be worth $3,750,001, the equivalent of Novak’s salary.
It appears to be quite a haul for Foye, who is making $3.135MM on an expiring contract. Foye was said to be available as of mid-December, as Steve Kyler of Basketball Insiders reported then, and that made sense considering his role had increasingly shrunk with Denver. Foye is averaging career lows in points and minutes per game while shooting a career worst 29.6% from 3-point range, well beneath his career mark of 37.0%. The move to add Foye brings a veteran to the Thunder’s bench, at the very least.
Novak, despite not being used much, proved to be a decent trade chip. The 10th-year veteran is on an expiring contract, and he and the Nuggets will reportedly discuss a buyout. Denver tried to arrange another deal to flip him before the deadline, according to Adrian Wojnarowski of The Vertical on Yahoo Sports reports (on Twitter).
Augustin, who’s making $3MM in the final season of his contract, will likely serve as a backup to Emmanuel Mudiay for the Nuggets, with Jameer Nelson battling a potentially season-ending wrist injury. Through 34 appearances with the Thunder this season, Augustin has averaged 4.2 points, 1.3 rebounds, and 1.9 assists in 15 minutes per game.
The deal saves Oklahoma City an estimated $9.8MM in combined luxury taxes and salary, notes Brian Windhorst of ESPN.com (on Twitter). Denver used the $5,224,719 disabled player exception it received for Wilson Chandler to accommodate the uneven exchange of salaries.
Will Joseph contributed to this post.