Grizzlies, Clippers Swap Stephenson, Jeff Green
8:48pm: The Clippers traded Lance Stephenson and their lottery-protected 2019 first-round pick to the Grizzlies for Jeff Green, the teams announced. The pick is also lottery-protected for 2020 if it doesn’t convey in 2019, and if it doesn’t change hands in 2020, it would become a 2022 second-rounder, as the Clippers confirmed on their website.
Stephenson, 25, has largely disappointed this season and is averaging only 4.7 points, 2.5 rebounds and 1.4 rebounds per game, the second straight season of declines for a once-promising up-and-comer. Memphis is his third team since he left the Pacers to sign with the Hornets in the summer of 2014, though Grizzlies players reportedly told management they want him to stay.
The Clippers appeared to quickly turn away from Stephenson after acquiring him from Charlotte this past summer, though coach/executive Doc Rivers vehemently denied a report that the team gauged interest in him as early as November. Stephenson was reportedly part of a proposal involving Channing Frye that the Clippers ultimately backed away from. The mercurial guard is making $9MM this year with a team option for $9.405MM next season.
In acquiring Green, who is on an expiring contract, the Clippers have a decent placeholder until Blake Griffin returns from his broken hand. Green has a $9.45MM salary for this season, so Memphis gets to create a tiny $450K trade exception for the difference between his salary and Stephenson’s. Conversely, the Clippers add an extra $787,500 to their projected tax bill.
Green was averaging 12.2 points and 4.5 rebounds, and that scoring average is the second-lowest of his career. The former fifth overall pick didn’t become the solution on the wing that the Grizzlies surely hoped he’d be when they traded with Boston to acquire him last year. The latest deal involving Green reunites him with Rivers, his former Celtics coach.
This would seem like a balanced exchange if not for the pick headed to the Grizzlies. However, the Clippers are obliged to send another lottery protected first-round pick to the Raptors because of a previous trade, and the earliest the Grizzlies can see the pick the Clippers owe them is two years after the Clips convey the pick they owe the Raptors, as Chris Herrington of The Commercial Appeal explains. Toronto could get its Clippers pick as late as 2019, a scenario that would mean the Grizzlies only get a second-rounder.
Will Joseph contributed to this post. Dan Woike of The Orange County Register broke the news that Stephenson had been traded to the Grizzlies, while Zach Lowe of ESPN.com had Green going to the Clippers. Marc Stein of ESPN.com reported the involvement of the first-round pick, while USA Today’s Sam Amick reported it was lottery protected (Twitter link) and TNT’s David Aldridge pegged it as a 2019 first-rounder (Twitter link).
Pistons Acquire Donatas Motiejunas
8:43pm: The Pistons acquired Donatas Motiejunas and Marcus Thornton from the Rockets as part of a three-team trade involving the Sixers, the teams all announced. The Rockets received Detroit’s top-eight protected 2016 first-round pick from the Pistons and the rights to draft-and-stash player Chukwudiebere “Chu” Maduabum from the Sixers. Philadelphia gets Joel Anthony from Detroit and Denver’s 2017 second-round pick from Houston. The Sixers are likely to waive Anthony, a league source told John Gonzalez of CSNPhilly.com (Twitter link).
Motiejunas projects to be backup for Tobias Harris, whom the Pistons also recently acquired via trade, while Thornton adds depth on the wing. The Pistons paid a steep price in adding pieces to their rotation, particularly given the lingering back issues that have kept Motiejunas from appearing in a game since the calendar flipped to 2016. Still, Pistons executive/coach Stan Van Gundy has a track record of paying heavily for players he likes, as Marc Stein of ESPN tweets. Van Gundy and company will get to match offers in restricted free agency for Motiejunas this summer, while Thornton is heading to unrestricted free agency at the completion of his one-year deal.
“We’re happy to welcome Donatas and Marcus to the Pistons family,” Pistons GM Jeff Bower said. “We like Donatas’ size, his skill level and his ability to play two frontcourt positions. Marcus adds scoring punch to our bench with his ability to create his own shot and make plays. We thank Joel Anthony for his professionalism throughout his time here and we wish him the best going forward.”
It’s no surprise to see Motiejunas depart from Houston, as it was a lock that either he or Terrence Jones would leave the Rockets as restricted free agents this summer, Zach Lowe of ESPN.com reported earlier this week. Stein reported earlier in the day that the Pistons had offered Anthony to the Rockets in exchange for Motiejunas, but instead the Rockets end up with a lightly protected first-rounder. The protection covers the top 10 in 2017 and 2018 if it doesn’t convey with top-eight protection this year, an odd wrinkle. The deal also allows the Rockets to create a trade exception worth $2,288,205, Motiejunas’ salary for this season, and another worth $947,276 as a vestige of Thornton. Maduabum, the other asset Houston gained in the deal, was the 56th overall pick in 2011 and plays for Pyrinto Tampere in Finland, well off pro basketball’s beaten path.
Philadelphia’s end of the move has the hallmarks of GM Sam Hinkie rather than chairman of basketball operations Jerry Colangelo. The Sixers score a second-rounder and use their cap space to absorb a veteran player it seems they’d prefer not to keep. They waived JaKarr Sampson to accommodate the move, since they couldn’t trade for Anthony, even if they intended to release him, without first opening a roster spot. Anthony was fresh off re-signing with the Pistons in July on a two-year deal worth $5MM, but only the first season’s $2.5MM salary was guaranteed.
Will Joseph contributed to this post. Adrian Wojnarowski of The Vertical on Yahoo Sports first reported Motiejunas and Thornton were headed to Detroit and that the Pistons were giving up Anthony and the protected 2016 first-rounder (Twitter links). Brian Windhorst of ESPN.com revealed the protection involved with the pick (on Twitter). Wojnarowski later relayed the involvement of the Sixers (Twitter link), while Jonathan Feigen of the Houston Chronicle reported the second-round pick going to Philly (Twitter link). Gonzalez had news of the rights to Maduabum heading to Houston (Twitter links). RealGM provided additional draft pick detail.
Wizards Acquire Markieff Morris
7:20pm: The Suns have traded Markieff Morris to the Wizards for Kris Humphries, DeJuan Blair and Washington’s top-nine protected 2016 first-round pick, the teams announced. Phoenix is reportedly set to waive Blair. It’s a swap that ends a months-long saga involving Morris, who demanded a trade over the summer and recanted that stance, at least publicly, before the season, saying as late as Wednesday night that he wanted to stay in Phoenix.
Washington wasn’t prominent among the several teams linked to Morris since the summer, a group that included the Pelicans, Rockets, Pistons and Raptors. Instead, the Wizards were among the teams linked to Ryan Anderson and other, mostly reserve big man options, before coming away with one of the season’s most talked-about trade candidates.
“Markieff is a versatile, young power forward who brings athleticism and physicality along with a good shooting touch,” Wizards GM Ernie Grunfeld said in the team’s statement. “He will be a very good addition to our team as we make our playoff push and gives us a proven starter at that position for the next several years.”
Morris, who’s facing felony aggravated assault charges for his role in a January incident, is under contract for three more seasons after this one at an average of $8MM a year. Humphries is making $4.4MM this season with a non-guaranteed $4.63MM salary for next year. Blair has $2MM coming his way this season, but next year’s $2MM salary is non-guaranteed, just as with Humphries. So, this move compromises Washington’s cap flexibility for this summer, when D.C. native Kevin Durant will be a free agent. The Wizards nonetheless still project to have enough room to offer the max to Durant, according to Eric Pincus of Basketball Insiders (on Twitter).
The $7.4MM on the books for Morris next season brings Washington’s guaranteed salary commitments to about $45MM, and that, plus a roughly $14MM cap hold for Bradley Beal and at least about $3.3MM in other cap holds, leaves room for Durant’s projected $24.9MM max beneath the projected $89MM cap. A higher cap of $95MM, which some forecast, would lift Durant’s projected max somewhat higher too, but not by as much, giving the Wizards even more breathing room.
The Wizards will hope for a return to form for Morris, the 13th overall pick from the 2011 draft whose numbers are off sharply this season. His 3-point shooting is a career-worst 28.9%. Humphries added a 3-point shot to his game this year and made 34.3%, but injuries have limited him to only 28 games this season, and his appearance against the Knicks last week was his first since January 3rd. Blair was out of the rotation for most of his year and a half with Washington, averaging only 6.9 minutes per game combined between this season and last.
Phoenix moves on from a tumultuous relationship that seemed to come to a head in the wake of the offseason trade that sent his brother to the Pistons. I chronicled the back-and-forth between Morris and the Suns when I examined his trade candidacy last month.
Today’s swap adds $1.56MM to Washington’s payroll, bringing the Wizards to only about $1MM shy of the tax line. It also allows the Suns to create a trade exception for that $1.56MM amount.
Shams Charania of The Vertical on Yahoo Sports first reported the deal. TNT’s David Aldridge relayed that a first-round pick would go to Phoenix (Twitter link) and Paul Coro of The Arizona Republic had news of the details of the pick (on Twitter). Marc J. Spears of The Vertical on Yahoo Sports reported that Humphries and Blair were Suns-bound, while Jorge Castillo of The Washington Post added that one of them would be waived (Twitter link). RealGM confirms that the pick going to Phoenix is Washington’s own.
Blazers Acquire Brian Roberts; Heat Duck Tax
5:19pm: The Heat traded Brian Roberts and Miami’s unprotected 2021 second-round pick to the Trail Blazers for cash, the teams announced. The move takes the Heat beneath the luxury tax threshold, according to Wojnarowski (on Twitter), and averts the repeat-offender tax penalties the team had been facing,
Miami progressively shed salary throughout the season, dealing Shabazz Napier, Zoran Dragic, Mario Chalmers, James Ennis, Chris Andersen and finally Jarnell Stokes and Roberts in separate deadline-day deals to avoid becoming the first NBA team hit with the repeater tax, which starts at a rate of $2.50 for every dollar spent. The tax isn’t calculated until the final day of the regular season, and the Heat are only about $1MM shy of the $84.74MM threshold, so they could still add enough salary to again cross it. That’s an unlikely proposition given their months-long efforts, however.
The Heat gain a trade exception worth Roberts’ $2,854,940 salary. It’s the second time the point guard has been traded this week, as he went from the Hornets to the Heat in Tuesday’s three-team Courtney Lee trade. The contract for the 30-year-old Roberts expires at season’s end, and he’ll surely hope for more opportunity to showcase himself for free agency than he saw in Charlotte. His 4.8 points, 1.3 assists and 11.1 minutes per game are all career lows for the fourth-year veteran. Blazers GM Neil Olshey hinted in the team’s press release that Roberts will get a chance to contribute in Portland.
“Brian is an experienced player and a quality person,” Olshey said. “He has a skill set we value and fills a positional need as we head into a critical time in the season.”
Roberts went into Portland’s open roster spot and the team’s ample cap space. Miami’s deadline moves, including the Stokes trade, leave the Heat with the regular-season minimum of 13 players.
Adrian Wojnarowski of The Vertical on Yahoo Sports first reported the trade (Twitter link). Ira Winderman of the Sun Sentinel identified the second-round pick going to Portland as a 2021 selection (link to Twitter). RealGM confirms the pick is Miami’s own and carries no protection.
Cavs Acquire Frye, Trade Varejao To Blazers
4:52pm: The Cavaliers have acquired Channing Frye and traded Anderson Varejao to the Trail Blazers in a deal that’s officially structured as two separate trades, the Cavs announced via press release. The Blazers and Magic have also formally acknowledged their respective sides of the arrangement. The Cavs sent Varejao and their top-10 protected 2018 first-round pick to the Trail Blazers for their own 2020 second-round pick, which Cleveland had relinquished to Portland in a previous trade. Cleveland then sent it to the Magic, without protection, along with Jared Cunningham, for Frye. The Blazers subsequently waived Varejao, and John Denton of Magic.com confirms an initial report from Marc J. Spears of Yahoo Sports that the Magic will waive Cunningham (Twitter link).
The Cavs hadn’t been optimistic about landing Frye, believing the Clippers would outbid them, notes Jason Lloyd of the Akron Beacon Journal (on Twitter), but L.A. wouldn’t bite on a reported proposal that reportedly involved Lance Stephenson and C.J. Wilcox. The Magic had been trying to trade Frye, according to an earlier report from Marc Stein of ESPN.com, who suggested the effort to find a taker for the 32-year-old would accelerate once the team traded Tobias Harris, Frye’s cousin. Frye has two years and nearly $15.228MM left on his contract after this season.
“Channing Frye is someone we know well. His length, floor spacing ability and locker room presence will impact us positively,” Cavs GM David Griffin said in the team’s statement. “He is a great fit with our group, both on the court and off, and we look forward to Channing, his wife Lauren, and their children, Hendrix and Margaux joining us here in Cleveland.”
The 32-year-old Frye has long been a prototypical floor-stretching big man, nailing 39.7% of his 3-pointers this season and 38.7% for his career. He averaged 17.1 minutes per game this season in Orlando, the second fewest of his career but more than Varejao, who saw 10.0 minutes per game this year in Cleveland, where he’s spent all of his 12 NBA seasons. The longtime confidant of LeBron James, who entered the league the same year Varejao did, saw his playing time slashed to new lows this season as he returned from an injury that prematurely ended last season for him.
“Anderson is a special player, teammate and person,” Griffin said. “Few players have earned the respect, support and admiration of an entire organization, fan base and community as Andy did here. Those are all things that made this a difficult deal to do. At the same time, we have a deep obligation to do whatever we can to reach our ultimate goal and we believe this was a deal that improves our team now and positions us better in the future as well. We thank Andy for his hard work, dedication and contributions to the Cavaliers and our community and wish him and his wife, Marcelle, the very, very best.”
The Cavs reportedly offered Varejao for Frye to the Magic, who were reluctant, but the Cavs insisted that they be able to offload Varejao somehow if they were to come away with Frye, wary of the tax implications of having both on the roster. Thus, the Blazers came into the picture, absorbing Varejao into their ample cap space and turning a second-rounder into a first for their trouble. Varejao has close to $10MM in guaranteed salary for after this season remaining on the extension he signed with the Cavaliers in 2014.
“This was an opportunistic way to use our cap room to acquire a valuable asset,” Blazers GM Neil Olshey said.
The pair of swaps save the Cavaliers an estimated $10MM in combined salary and projected luxury tax penalties, as Dave McMenamin of ESPN.com notes (Twitter link). Frye makes $8,193,029 this season, while Varejao has a $9,638,554 salary that increases slightly thanks to a 5% trade kicker. Cunningham makes the three-year veteran’s minimum salary of $981,348 but only costs $947,276, the equivalent of the two-year veteran’s minimum, to the Magic because he is on a one-year deal. Orlando will be stuck with that figure on its books, though that’s scarcely burdensome, since the subtraction of Frye takes the Magic significantly below the salary cap.
It’s somewhat surprising that Orlando isn’t keeping Cunningham, the 24th overall pick from 2012 whose NBA career was in jeopardy before a strong preseason performance in which he averaged 12.4 points per game allowed him to make Cleveland’s opening-night roster on what was initially a non-guaranteed deal. He forged a close kinship with LeBron. Regardless, neither he nor Varejao will be allowed to rejoin Cleveland this season even if they clear waivers and become free agents.
The Cavaliers used their $10,522,500 Brendan Haywood trade exception to accommodate the Frye trade, reducing its value to $2,329,471. The Varejao trade allows them to create a new sizable trade exception, worth $9,638,554, that won’t expire for another year. Offloading Cunningham allows the Cavs another new trade exception, worth $947,276.
Frank Isola of the New York Daily News first reported the Cavs would acquire Frye from the Magic (Twitter link). Sam Amick of USA Today had news of Varejao going to the Blazers (Twitter link), while Adrian Wojnarowski of The Vertical on Yahoo Sports reported that the Blazers would waive him (Twitter link). USA Today’s Jeff Zillgitt heard Cunningham was going to Orlando (Twitter link), while Marc J. Spears of The Vertical on Yahoo Sports relayed that he’d also be waived (Twitter link). McMenamin had word that the first-rounder was going to Portland (Twitter link), and Eric Gunderson of The Columbian heard that the first-rounder headed to Portland was top-10 protected (Twitter link). Spears reported the Magic would get a second-round pick (Twitter link). RealGM shows it’s Cleveland’s own 2020 pick and unprotected, and also confirms that the 2018 first-rounder going to Portland is Cleveland’s own.
Hawks Acquire Kirk Hinrich In Three-Team Deal
4:16pm: The Bulls traded Kirk Hinrich to the Hawks as part of a three-team swap that also involved the Jazz, all three teams announced. Chicago, in its first trade since July 2014, gets Justin Holiday from the Hawks and Denver’s unprotected 2018 second-round pick from the Jazz, who acquired it from the Nuggets in 2013. Utah receives Shelvin Mack from the Hawks.
Hinrich returns to Atlanta, where he spent a season and a half as part of the two-year hiatus in his Bulls career from 2010-12. The 35-year-old is in his 13th NBA season and his 11th with Chicago. However, he’d never had such a limited role, with his minutes only at 15.9 per game this season, by far a career low. Any playing time he gets in Atlanta figures to come at the wing instead of the point guard spot, since the Hawks held on to Jeff Teague and Dennis Schröder in spite of rumors about both, and Teague in particular.
Atlanta did end up dealing away Mack, its third-string point guard, who, like Hinrich, is playing the fewest minutes he’s ever seen in his career at 7.5 a game. The 25-year-old Mack, a fifth-year veteran, becomes the most experienced point guard for the Jazz, who’ve de-emphasized the position in the wake of the offseason injury to Dante Exum that wiped out his season. Utah’s reported talks about swapping point guards Ty Lawson and Trey Burke fell through. Mack has a non-guaranteed salary of more than $2.433MM for next season.
Holiday, the other player the Hawks gave up, picked up a championship with the Warriors last summer and shortly thereafter signed a two-year fully guaranteed deal for the minimum salary with Atlanta. His minutes are down slightly but his shot attempts and scoring are off markedly from last year’s numbers. The primary benefit for Chicago, aside from the pick, is the financial savings, as the Bulls subtract the $1,907,664 difference between Hinrich’s and Holiday’s salaries from their payroll. That also clears the Bulls of nearly $2.9MM in projected luxury tax penalties. The deal allows Chicago to create a trade exception equivalent to Hinrich’s $2,854,940 salary.
Atlanta gets to create a trade exception worth the equivalent of Holiday’s $947,276 salary, since Mack’s $2,433,333 pay is a close match with Hinrich’s, even though a 15% trade kicker that Chicago is paying Hinrich gives him a slight bump on his salary. The Jazz remain under the cap, using a slice of the roughly $7.6MM in cap room they had entering deadline day to take in Mack’s salary.
Brian Windhorst of ESPN.com broke the news that Hinrich was headed to Atlanta (Twitter link), while Adrian Wojnarowski of The Vertical on Yahoo Sports reported the Jazz were getting Mack and giving up a second-round pick (Twitter link). K.C. Johnson of the Chicago Tribune relayed that Holiday was going to the Bulls and that all the pieces were part of the same three-teamer, rather than separate deals (Twitter link). Chris Vivlamore of the Atlanta Journal-Constitution pegged the second-round pick going to Chicago as Denver’s 2018 second-rounder. RealGM shows that the pick carries no protection.
Pelicans Acquire Jarnell Stokes From Heat
1:17pm: The Heat traded Jarnell Stokes and a little more than $700K in cash to the Pelicans for New Orleans’ top-55 protected 2018 second-round pick. It’s a money saving move for the Heat, even though they’re the ones relinquishing cash. It offloads the team’s remaining salary commitment to Stokes and lowers the team’s projected tax hit by about $2.1MM. Miami wound up wiping out its entire projected tax bill in the Brian Roberts trade. New Orleans is contemplating a buyout with Stokes, according to Scott Kushner of The New Orleans Advocate (Twitter links).
Stokes is making the minimum salary of $845,059, with a non-guaranteed minimum salary for next season also on his contract. The power forward who went 35th overall in the 2014 draft originally signed a three-year deal with the Grizzlies, who traded him and that contract to the Heat in the Mario Chalmers swap this past November. It’s because he’s on a three-year deal that the Pelicans can’t absorb him using the minimum-salary exception, which is just for two-year deals. The same is true of the disabled player exception they have for relief from Quincy Pondexter‘s injury, which is just for a one-year deal. Thus, the Pelicans took him into the $947,276 trade exception they created in December when they offloaded Ish Smith, according to Eric Pincus of Basketball Insiders (on Twitter), reducing its value to a virtually unusable $102,217.
The Heat meanwhile create a new trade exception equivalent to the $845,059 salary for Stokes, as Pincus points out. Miami seemingly had little use for the power forward who appeared for a total of only 14 minutes across five games at the NBA level while a member of the Heat. He meanwhile logged 494 minutes in 16 D-League contests on assignment to Miami’s affiliate. He spent enough time with the Sioux Falls Skyforce that he was named a D-League All-Star.
Zach Lowe of ESPN.com reported that the Heat had traded Stokes (Twitter link), and Shams Charania of The Vertical on Yahoo Sports revealed that he was going to the Pelicans (on Twitter). Ira Winderman of the Sun Sentinel tweeted that a highly protected draft pick was going Miami’s way, with Barry Jackson of the Miami Herald adding that it’s a second-rounder (Twitter link). RealGM provided pick specifics. Marc Stein of ESPN.com reported the cash involved (via Twitter).
Blazers Waive Tim Frazier, Anderson Varejao
5:00pm: Portland has waived Varejao, the team announced (on Twitter).
3:38pm: Frazier has officially been waived, the Trail Blazers announced.
12:29pm: The Trail Blazers will waive Tim Frazier to accommodate the trade acquisition of Anderson Varejao, reports Shams Charania of The Vertical on Yahoo Sports (Twitter link), and likely waive Varejao once the trade goes through, according to Vertical colleague Adrian Wojnarowski (on Twitter).
Frazier, 25, is earning $845,059 this season, the remainder of which Portland will still be on the hook for. The point guard has appeared in 35 games for the Blazers this season, including one start. He averaged 1.5 points, 1.1 rebounds and 1.2 assists in 7.8 minutes per contest.
Originally inked as an unrestricted free agent last March, Frazier posted averages of 1.9 points, 1.2 rebounds, 1.5 assists and 8.5 minutes in parts of two seasons with the Trail Blazers.
Nuggets To Work Buyout With J.J. Hickson
The Nuggets will do a buyout with J.J. Hickson no later than March 1st, sources tell Marc Stein of ESPN.com (Twitter link). Stein indicates that Denver has already committed to place Hickson on waivers by that date, though he says Hickson’s situation is the same as that of Steve Novak, whom Stein previously indicated would merely engage in buyout talks with the Nuggets. Regardless, the Hickson news is no surprise, as Adrian Wojnarowski of The Vertical on Yahoo Sports reported earlier this week before the trade deadline that Hickson was almost certain to end up with a buyout.
The 27-year-old power forward is making $5,613,500 on an expiring deal, so it appears he’ll be giving up some of that money to secure his release in time to latch on with a playoff team. Players who hit waivers after March 1st aren’t eligible to appear in the postseason for another club.
Stein reported in January that Denver was actively shopping Hickson, about a month after Steve Kyler of Basketball Insiders wrote that the Hickson was said to be available. The Jeff Schwartz client and his representatives at Excel Sports Management pushed hard for a trade, according to Sam Amico of Amico Hoops (on Twitter), but none materialized before the 2pm Central time deadline today.
Hickson has appeared in just three games since December 8th. He averaged 7.9 points and 4.8 rebounds in 17.2 minutes per game across 17 appearances this season prior to that date, with coach Michael Malone going so far as to put him in the starting lineup on nine occasions.
Nuggets, Steve Novak To Talk Buyout
The Nuggets and Steve Novak, whom they’re acquiring as part of a package in their Randy Foye deal today, will work on a buyout arrangement, reports Marc Stein of ESPN.com (Twitter link). The veteran sharpshooter is on an expiring contract worth $3.75MM for this season. He’ll be eligible to appear in the postseason for another team as long as Denver waives him by the end of March 1st.
Novak hasn’t contributed much since his solid 2012/13 campaign for the Knicks when he averaged 6.6 points per game on 42.5% three-point shooting. He was virtually a forgotten man in Oklahoma City this season, making just seven appearances and notching 2.4 points in a meager 3.4 minutes per night. The 32-year-old’s career numbers are 4.7 points, 1.7 rebounds and 0.3 assists to accompany a slash line of .438/.432/.876.
It is unclear what the market would be for Novak if he does agree to a buyout with Denver. The Heat, who are in dire need of outside shooting, were mentioned as potential suitors for Novak heading into today’s trade deadline by Ira Winderman of the Sun Sentinel, though his report was speculation and not necessarily indicative of Miami’s thinking.