Free Agent Stock Watch: Jarrett Jack
It's not often that a player who makes the fewest starts since his rookie season and sees his scoring average decline nearly three points from the year before emerges as a hot commodity. Yet that's the spot Jarrett Jack finds himself in as he hits free agency. Jack was a superb sixth man this season for a Warriors team that won a playoff series, giving the eight-year veteran his first glimpse of the postseason beyond the opening round. He was frequently the No. 1 option on offense down the stretch, while the "greatest shooting backcourt in the history of the game," as Mark Jackson proclaimed Stephen Curry and Klay Thompson, deferred to Jack's ability to create off the dribble.
Jack's scored 12.9 points per game this year, off from his career high of 15.6 in 2011/12 with New Orleans. Perhaps picking up some tips from the shooters around him, or benefitting from the same conditions that allowed them to thrive, Jack displayed some of his best touch from beyond the three-point arc, knocking in 40.4% of his attempts. He exceled as a distributor as well, averaging 5.6 assists against 2.0 turnovers per game. The Warriors gave up slightly more points per 100 possessions when he was on the floor, according to NBA.com, but his net effect was positive. The Warriors outscored opponents by 1.7 points per 100 possessions as a whole this season, and by 2.2 points with Jack in the game.
The 22nd overall pick in the 2005 draft, Jack made $5.4MM this season, the last of a four-year, $20MM contract. He reportedly had a chance to extend that deal with the W's this season, but shut down talks with the team in the middle of the season. With the exception of players on rookie-scale contracts, an extension usually isn't in a player's best interest. Jack would have been limited to a 7.5% raise on his salary from this season and three additional years. That would have been a total package worth $18.63MM, a sum of guaranteed money that most bench players don't see. It's not clear whether the Warriors were prepared to go that high in the extension. If they did so, Jack's $5.805MM salary for next season would likely put them in danger of going over the tax apron.
Without Jack, and assuming Carl Landry opts out of his deal while Andris Biedrins, Richard Jefferson and Brandon Rush all opt into theirs, the Warriors would be committed to $69,020,402 for 10 players next season. It's not certain exactly where the tax threshold, at $70.307MM this year, will be set for 2013/14, but in any case, the Warriors seem destined become a taxpayer unless they make a major move. Crossing the tax apron, which will be $4MM above wherever the tax line is set, would limit the team's flexbility, chopping about $2MM from its mid-level exception and placing a restriction on Golden State's ability to acquire players via sign-and-trade.
That likely makes Jack and Landry an either-or proposition for Golden State, as Tim Kawakami of the Bay Area News Group wrote last week. Kawakami figures the Warriors will choose Jack, and while that seems logical, I'm not sure they'll be able to afford him unless they either dump other salaries or are prepared to cross the tax apron. Even if he re-signed for his $5.4MM salary from last season, Jack would be tough to squeeze back onto the payroll. The 29-year-old was adamant last month that he'll prioritize a return to the Warriors next season, even if it means giving up the opportunity to start elsewhere.
Jack had an expanded role in the playoffs, becoming his team's second leading scorer, at 17.2 points per game, and drawing four starts in place of an injured David Lee. Even if he doesn't sign with a team that wants to make him a starter, he should at least be in line for a slight bump up in pay. He was one of the top sixth men in the league this year, and teams with cap space probably wouldn't hesitate to pay him $6MM a year. That may be too much for Jack to pass up, as much as he enjoyed his year as a Warrior.
Bobcats To Change Name To Hornets
TUESDAY, 7:20pm: The Bobcats made it official on Tuesday, as the team, via chairman Michael Jordan, announced that they have submitted the necessary paperwork to change their name to the Charlotte Hornets starting with the 2014/15 season. Their request now goes to the NBA Board of Governors, who next meets in Las Vegas on July 18.
A few words from Jordan via the team's press release: “This is a monumental moment for our organization. After undergoing an elaborate research process, we recognize that this is what our fans want. We believe that making this change would not only re-establish one of the most recognized brands in sports but would also unify our fan base by bringing together our loyal Bobcats fans with those who have fond memories of our city’s NBA predecessor. Our fans spoke and we listened.”
MONDAY, 3:53pm: The Bobcats have scheduled a press conference for early Tuesday evening to officially announce the name change, tweets Rick Bonnell of the Charlotte Observer.
FRIDAY, 10:46pm: The Bobcats have begun the process necessary to change their nickname to the Hornets, a source tells Will Brinson of CBSSports.com. It doesn't look like the switch will take place in time for next season, since NBA commissioner-in-waiting Adam Silver told Bobcats season ticketholders last month that it would take at least 18 months to implement the change. Still, it appears the Hornets nickname, recently abandoned by the New Orleans Pelicans, could be back in Charlotte by the 2014/15 season.
Bobcats owner Michael Jordan has expressed a willingness to adopt the Hornets name, which would reunite the city with a moniker that left for New Orleans in 2002. The 'Cats began conducting market research in January on the possibility of a change, and the league has been working with the franchise to determine whether the switch would be beneficial. Jordan said in February that the results from a poll of the team's fans were "very mixed," but it looks like there's enough support for the effort to move ahead.
Silver told the season ticketholders there would be no legal hang-up, since the NBA, and not the Pelicans, owns the rights to the Hornets name. Brinson discovered that the league created and registered the NBAHornets.com URL this week.
The change might invoke fond memories in Charlotte, though it could lead to some bookkeeping headaches down the road, particularly when it comes to historical research of trades involving the former Hornets and the apparent future Hornets, one of which took place this past season.
Kings Sale To Sacramento Group Not Yet Finalized
TUESDAY, 2:12pm: Dale Kasler of the Sacramento Bee (Twitter link) hears that the finance committee will vote on the sale of the Kings early this week, with an official vote by the full Board of Governors coming before the end of May.
MONDAY, 1:45pm: Ranadive doesn't formally own the NBA team yet, tweets Ryan Lillis of The Sacramento Bee, pointing out that the team will move forward with the Maloofs' plan to send coach Keith Smart to the draft lottery. Windhorst has deleted his tweet from yesterday, so perhaps Johnson jumped the gun in saying that Ranadive had assumed control of the franchise. In any case, Ranadive and company remain on track to take over the Kings.
SUNDAY, 1:33pm: Sacramento mayor Kevin Johnson says NBA owners have approved the sale of the Kings to the Sacramento-based group headed by Vivek Ranadive, tweets Brian Windhorst of ESPN.com. The league had been expected to make a formal announcement of the deal between the Maloof family and Ranadive's group this week, although it was thought that escrow would not close until the end of the month. In any case, Ranadive now has control of the franchise, according to Johnson.
There's usually a much longer gap between the time an agreement on a sale is reached and the point when the purchase becomes official. Last year, Robert Pera agreed to buy the Grizzlies in June, but didn't take control of the team until October 31st. An official announcement from the league has yet to come, but it's not entirely surprising the process was expedited this time around, since the league had a chance to thoroughly vet Ranadive's bid as it sorted out whether to allow the Kings to move to Seattle.
Johnson said earlier this week that the agreement had been "signed on both ends" and that the "money has been wired," so it looked like the green light from the league was the last step in the process. Ranadive was a relative late-comer in an effort that began in earnest in January, around the time the Maloofs reached a deal to sell the team to Seattle investor Chris Hansen and his partners. Johnson spearheaded the effort to put the group together, combining $1MM commitments from 20 Sacramento-area locals with the larger financial backing of deep-pocketed "whales," including Mark Mastrov and Ron Burkle. Mastrov became the lead investor, but Burkle, an enemy of the Maloofs, proved a stumbling block, and as he faded from the picture, Ranadive took over the primary reigns of the bid.
The Sacramento group's final purchase price for the Kings is based on a full valuation of the team at $535MM, an NBA record and $10MM greater than Hansen's initial offer. The Maloofs' share is 65%, so that works out to a $347.75MM sum that's changing hands. Hansen and company upped their valuation of the club to $625MM, but ultimately lost out, spending more than $100MM on an ill-fated effort to buy the team.
Atlantic Notes: Chris Smith, J.R. Smith, 76ers, Oden
- One NBA executive tells Bob Cooney of the Philadelphia Daily News that he isn't sure new Sixers GM Sam Hinkie can handle the team's basketball decisions. "I don't think they are leaning on Rod Thorn as much as they should or he wants and I heard there still might be changes to the front office," the exec said. Another rival executive tells Cooney the Sixers have put their coaching search on the backburner.
- Hinkie was part of a Rockets front office that was aggressive in making moves that allowed the team to acquire a star player, and he says he'll bring that approach to the Sixers, notes Keith Pompey of the Philadelphia Inquirer.
- Greg Oden is drawing rave reviews for his workouts of late, but Celtics president of basketball operations Danny Ainge doesn't give the impression that signing the erstwhile No. 1 overall pick is high on his to-do list, observes Steve Bulpett of the Boston Herald. "We’ll look into Greg still," Ainge said. "He wasn’t ready to play when we saw him last. He wasn’t ready to work out — I mean, not like a real workout. We’ll probably check into that some time this summer."
- Bulpett hears that Doc Rivers isn't high on 2012 first-rounder Fab Melo, but Ainge disputes the idea, pointing out that Rivers didn't get much of chance to see the former Syracuse center who spent much of his rookie season in the D-League.
- Bill Walker, who split five NBA seasons between the Knicks and Celtics, has signed to play in Venezuela with Trotamundos de Carabobo, while Mardy Collins, a first-round draft pick of the Knicks in 2006, has joined Guaros de Lara, another Venezuelan team, as Sportando's Emiliano Carchia passes along in a pair of reports.
Hoops Rumors Originals: 5/13/13 – 5/19/13
Every week, the Hoops Rumors writing team produces top-notch analysis that delves into the inner workings of the NBA, along with interactive polls and other engaging original pieces. If you missed any of the insight from the past seven days, here's your chance to catch up:
- Luke Adams explained the July Moratorium, the latest updated entry in the Hoops Rumors Glossary.
- Zach Links asked you to rank the best unrestricted free agent shooting guards, and Manu Ginobili garnered the most first-place votes.
- The NBA draft lottery is Tuesday. What do all those bouncing ping-pong balls mean? Luke provided a guide.
- Timofey Mozgov didn't see much playing time this season, but don't be surprised to see a team make him a fat offer to try to pry him from the Nuggets, as Luke writes in the latest installment of our Free Agent Stock Watch series.
- Before the Sacramento-based bidders agreed on their deal to buy the Kings, Michael Pina asked whether the team would ever move to Seattle. More than three-quarters of you said no.
- The Offseason Outlook series continued with an assessment of the Celtics, who appear best suited for minor tweaking rather than drastic change.
- We welcomed new Hoops Rumors writer Spencer Lund, who polled readers about the best coaching choice for Team USA. Incumbent Mike Krzyzewski has a narrow lead over Gregg Popovich in the voting.
- I checked the history books to see how the team with the best odds of winning the lottery has fared in the past 10 years.
- Several players are on non-guaranteed deals that become partially or fully guaranteed if they're still on their team's roster once a certain date arrives. I rounded up a complete list of these dates.
- If you missed out on Luke's weekly chat, you can check out the transcript here.
- There are many ways to follow Hoops Rumors, so choose which one best fits your needs.
Suns To Interview Sampson, Interested In Snyder
The Suns will interview Rockets assistant Kelvin Sampson for their head coaching job, and they're interested in CSKA Moscow assistant Quin Snyder for the position as well, reports Jeff Goodman of CBSSports.com. The team has not yet parted ways with interim coach Lindsey Hunter, but much like the dynamic between the Hawks and Larry Drew, Phoenix and Hunter are both seeking out other options while not closing the door on a continued relationship. Hunter interviewed with the Pistons last month.
Sampson also interviewed with the Bobcats and Bucks, notes Goodman, who confirms that the Rockets assistant will interview with the Sixers this week, too. The Sixers reportedly received permission for that meeting from the Rockets, but newly appointed GM Sam Hinkie, who came from Houston's front office, indicated that he hadn't heard about any interview with Sampson.
Snyder, who served as an assistant with the Lakers in 2011/12, is expected to interview with the Bobcats, and has also been linked to the Sixers and the Hawks, though the latest report from Atlanta indicates that he's no longer in the mix there. He and Sampson both have head coaching experience in the college ranks, though neither has been a head coach in the NBA, save for Sampson's brief stint as a fill-in for Kevin McHale this past season.
Pacific Notes: Del Negro, Warriors, Kings, Len
For a third consecutive year, there aren't any Pacific Division teams in the Western Conference Finals, a dry spell that's never happened before. The Lakers are mostly responsible for that history of success, but the Suns have had their moments, too. For most of the city's time with an NBA team, Seattle was a part of the Pacific Division, and the SuperSonics were no stranger to playing for a berth in the Finals. With the league reportedly having approved the sale of the Kings to a Sacramento-based group, it looks like Seattle won't be an NBA destination for at least a while longer.
Here's a check on each of the five current Pacific Division teams as they try to climb their way back into contention:
- Clippers owner Donald Sterling, who's attending today's opener of the Western Conference Finals, has yet to meet with Vinny Del Negro as planned this weekend, but resolution on the coach's future should come within the week, tweets Ramona Shelburne of ESPNLosAngeles.com.
- Tim Kawakami of the Bay Area News Group points out the similarities between the construction of the Warriors roster and the way the Grizzlies were built.
- Ryan Lillis, Dale Kasler and Tony Bizjak of The Sacramento Bee profile new Kings principal owner Vivek Ranadive, who plans to take a hands-on approach.
- Of all the people involved in keeping the Kings in Sacramento, none were as influential as David Stern, who demonstrated that he still has control of the league even as his tenure as commissioner comes to a close, The Bee's Ailene Voisin writes.
- Suns scouts have been high on Maryland center Alex Len since before this past season began, according to Paul Coro of the Arizona Republic, who runs down some of the players the team will likely target with its lottery pick.
- Greg Somogyi impressed Mike Brown when the two were together in Lakers camp last fall, and Brown has invited the 7'3" center to a Cavaliers mini-camp this summer, reports Sportando contributor David Pick (Twitter link).
Latest On Bobcats Coaching Search
The Bobcats will interview Jazz assistant coach Jeff Hornacek by the end of this week, tweets Marc Stein of ESPN.com, adding another name to the list of coaches who are sitting down with Charlotte's brass. Alvin Gentry, Kelvin Sampson and Elston Turner have already interviewed for the job, and according to Stein, Steve Clifford is scheduled to interview Tuesday (Twitter link). The team is also expected to interview Quin Snyder.
Hornacek is set for an interview with the Sixers as well, and is reportedly drawing interest from the Suns and Bucks. His strong relationship with Deron Williams could make him a candidate for the Nets opening, too.
The Bobcats appear to be following the same script as last year, when a drawn-out search involving roughly a dozen candidates took nearly two months to reach a resolution. The team hired college assistant Mike Dunlap in a surprise move, and fired him about a month ago. Many of last year's candidates resurfaced in this year's hunt, including Cavs assistant Nate Tibbetts, who wound up joining Terry Stotts' staff with the Blazers. Another is Brian Shaw, to whom Charlotte has once more been linked. Like last season, the Bobcats would have to wait until after the Pacers' playoff run to speak with him.
Week In Review: 5/13/13 – 5/19/13
It appears the question of where the Kings will be playing next season and beyond has finally been resolved. Vivek Ranadive and his group of Sacramento-based investors this week reached a deal to buy the majority stake in the team from the Maloof family, months after a Chris Hansen-led Seattle group had done the same. The deal with Seattle fell apart as the California capital mounted a furious charge to keep its team in town. Despite pushbacks from Hansen and deep-pocketed partner Steve Ballmer, the NBA's relocation committee made a final recommendation this week that the team's request to move to Seattle be denied. In turn, the Board of Governors voted against the Seattle move, setting up Ranadive's agreement with the Maloofs.
We're still waiting for the Board of Governors to approve the sale of the team to the Ranadive group, but that appears to be a formality at this point. While the Kings saga made plenty of headlines, it wasn't the only significant happening this week:
- The Hawks reportedly interviewed Stan Van Gundy, but then we heard the former Magic coach is unlikely to return to the bench this season. The Hawks may break barriers and go with CSKA Moscow coach Ettore Messina instead.
- Atlanta also interviewed Nate McMillan, while Larry Drew, still technically employed as coach of the Hawks, will meet with the Bucks on Monday.
- Jerry Sloan also met with Milwaukee about the team's coaching vacancy, but the Hall-of-Famer doesn't want the job.
- The Clippers haven't ruled out retaining coach Vinny Del Negro, who'll sit down with owner Donald Sterling this weekend to determine the fate of his job.
- The Pacers and assistant coach Brian Shaw will be in the playoffs for a while longer, but once they're done, he'll interview with the Pistons for their head coaching job.
- Celtics coach Doc Rivers isn't going anywhere, according to Danny Ainge.
- We'll know by Monday whether Raptors GM Bryan Colangelo is in or out. If Colangelo isn't back, Nuggets GM Masai Ujiri may be the man to replace him.
- The Sixers made it official, introducing Sam Hinkie as their new GM.
- There were rumors that Sixers CEO Adam Aron could be stripped of his responsibilities in the team's basketball department, but it's unclear whether that will happen.
- Thunder GM Sam Presti doesn't plan to use the amnesty clause to get rid of Kendrick Perkins.
- The Bobcats are in the process of changing their name to the Hornets, now that the team in New Orleans is known as the Pelicans.
- The Lakers and Hawks might be trying to trade their way into the lottery.
- The Blazers are already in line for a lottery pick, but they're thinking about trying to move up to take Victor Oladipo.
- One of the players Portland could trade away is former second-round pick Kostas Papanikolaou, who is drawing interest from the Spurs, Mavericks, and Knicks, among others.
- No surprises here, but Charlie Villanueva exercised his lucrative option to remain with the Pistons, as did Aaron Gray and Linas Kleiza of the Raptors.
- The Bulls get to call the shots on Richard Hamilton's return to Chicago for next season, and it's likely they'll part ways.
- The same appears to be the case for Francisco Garcia, as the Rockets are expected to turn down his option.
- Chris Copeland will be seeking a raise after his impressive rookie season with the Knicks.
- Gani Lawal has appeared in just one NBA game, but that number might be going up soon, with the Pacers, Raptors and Magic scheduled to work him out.
- Cuttino Mobley has a much longer NBA resume, and he wants back in the league, too.
- We'll probably be hearing plenty about Andrew Wiggins this time next year, and in the meantime, the projected 2014 No. 1 pick will head to Kansas to play college ball.
- Following his dismissal earlier this year as executive director, Billy Hunter is filing suit against the union and its president, Derek Fisher.
- The NBA announced its All-Rookie and All-Defensive teams.
Atlantic Rumors: Amare, Prigioni, Jackson, Rondo
J.R. Smith might have cost himself millions with his poor showing following his suspension in the playoffs this season, but that could make a return to the financially hamstrung Knicks a stronger possibility. He reiterated his desire to retire as a Knick after last night's elimination at the hands of the Pacers, though he still figures to opt out of his $2.9MM contract for next season. With the final Atlantic Division team done for 2012/13, it's time to look ahead to the summer, and that's the focus as we round up the latest from the Atlantic:
- Amare Stoudemire didn't start any games this season, but he thinks a lineup featuring him alongside Carmelo Anthony could work, observes Marc Berman of the New York Post. "We didn’t give it a chance," Stoudemire said. "We need to understand exactly what my style of play is and what I bring to the table. It’s something I have to sit down with Coach Woody (Mike Woodson) and express to him."
- Pablo Prigioni hasn't made up his mind about whether he wants to return to the NBA next season, tweets Chris Herring of The Wall Street Journal. Prigioni has spoken about going back to the Spanish league, but agent George Bass recently said his client is interested in re-signing with the Knicks.
- Newsday's Al Iannazzone identifies five offseason questions for the Knicks, pointing to a post threat, youth and athleticism as pressing needs.
- Bradford Doolittle of ESPN.com also chimes in on the summer ahead for the Knicks, whom he believes must "hit a home run" with the 24th overall pick this June (Insider only).
- The notion that Phil Jackson could wind up overseeing the Raptors front office is "total bunk," according to Bob Finnan of The News-Herald.
- One NBA general manager tells Steve Bulpett of the Boston Herald that he isn't hearing Rajon Rondo's name discussed as heavily on the trade market as it has been in the past.
- Danny Ainge is open to trading the 16th pick in the draft, and there is "major speculation" that the Celtics will indeed do so, either to move up or move down in the draft order. Gary Washburn of the Boston Globe has the details amid his roundup of NBA news.