Eastern Rumors: Boozer, Blair, Durant
Ethan Skolnick of Bleacher Report details how the Heat’s maneuvers to accommodate the Big Three back in 2010 are now proving costly with the departure of LeBron James. The Heat’s 2015 first round pick–given to the Cavs as part of James’ sign-and-trade to Miami–is still owed to Cleveland, and Miami is still paying Mike Miller‘s amnestied contract while the sharpshooter is on the verge of re-teaming with LeBron in another city. Here’s more from the East:
- The Hawks, reportedly one of the favorites to place a bid on Carlos Boozer, took a step in that direction, as Eric Pincus of Basketball Insiders confirms the team has officially slipped beneath the cap (Twitter link).
- The Mavs promised DeJuan Blair that they would try to sign-and-trade him to give him a financial boost, according to Marc Stein of ESPN.com, and indeed it appears Dallas is close to sending him to the Wizards via sign-and-trade,
- The Wizards will bring University of Maryland women’s assistant coach David Atkins as an assistant coach for player development, tweets Jeff Goodman of ESPN.com. A handful of rival executives see it as a sign that Washington has begun to position itself to make a run at Durant, a D.C. native, according to USA Today’s Jeff Zillgitt (Twitter link), since Atkins was one of Kevin Durant‘s high school coaches, fellow ESPN scribe Mark Stein notes (on Twitter).
Chuck Myron contributed to this post.
Carmelo Anthony To Re-Sign With Knicks
2:22pm: Marc Stein of ESPN.com has the figures for all five seasons (on Twitter): It’s the maximum $22,458,401 in year one, followed by a discounted raise to $22,875,000 for year two, and maximum raises that bring Anthony’s salaries to $24,559,380, $26,243,760 and $27,928,140 in the final three years. That brings the total value to $124,064,681, exactly $5,071,124 less than the maximum for which he could have signed.
8:42am: Anthony will receive his maximum salary in the first year of his deal, according to Marc Berman of the New York Post. That precise max is $22,458,401, and it allows for a raise worth $1,684,380 each season. However, Anthony’s raise for the second season of the deal is $400K, Berman reports, adding that the contract will also include a 15% trade kicker should Anthony decide to waive his no-trade clause.
7:19pm: The deal also includes a no-trade clause, according to Frank Isola of the New York Daily News (Twitter link).
TUESDAY, 7:00pm: Anthony’s contract will be for $124MM over five years, sources tell Ian Begley of ESPNNewYork.com, who adds that Anthony will have an early termination option after the fourth season. The deal – which starts at $22.5MM in the first year – includes a “slight increase” in the second year followed by “larger increases” thereafter (Twitter links).
MONDAY, 10:05am: Anthony took a discount, Jackson confirms, and while the deal is for an estimated $122-123MM, the total value remains unclear, as Marc Berman of the New York Post details.
SUNDAY, 11:54am: Phil Jackson also confirms the pending agreement via the Knicks official Twitter account (Twitter links). Jackson said, “After 3 months of questions around Carmelo Anthony’s return to the NY Knicks we are now happy to know that we have the cornerstone of what we envision as a team of excellence. Steve Mills and I have assured Carmelo through our conversations, that we share the vision and the determination to build this team.”
SUNDAY, 11:28am: Anthony has confirmed he will be returning to New York via his website. In his announcement, ‘Melo said, “This organization has supported me and in return, I want to stay and build here with this city and my team.” Contract details have not been announced yet.
1:10pm: The deal is for five years and more than $120MM, but the final amount is undetermined, and Anthony may still accept less than the max, sources tell Wojnarowski.
SATURDAY, 12:05pm: Carmelo Anthony will inform the Knicks of his decision to re-sign in New York within the coming hours, tweets Adrian Wojnarowski of Yahoo! Sports. Frank Isola of The New York Daily News first reported Anthony’s intention to return to New York earlier this week, but the former scoring champ appeared to fluctuate over the last few days in deciding between the Knicks, Lakers and Bulls. ‘Melo will sign a five-year contract. The deal will presumably be for a maximum salary of $129MM, although Knicks president Phil Jackson has suggested that there were multiple salary structures on the table for Anthony.
Anthony, ranked second in the Hoops Rumors Free Agent Power Rankings, was encouraged by the momentum Jackson had garnered the franchise, which included hiring Derek Fisher as head coach and acquiring Jose Calderon via trade. The Bulls offered ‘Melo the best opportunity to contend in the upcoming season, but were unable to offer nearly as much annual salary or as many years as New York, who exercised their Bird Rights to extend the winning bid to retain the All-Star.
The client CAA client will remain in New York for the duration of his prime, after coming to his home state in a 2011 trade from Denver. Since joining the Knicks, ‘Melo has put up some of his most effective seasons as an individual, but seen mixed results as the centerpiece for a blockbuster team. The Knicks have won a single playoff series since obtaining Anthony.
A series of poor decisions had turned the Knicks from hopeful contenders to a laughing stock to many last season, in which they finished 37-45. The hefty contracts for Anthony, Amar’e Stoudemire, Tyson Chandler, and Andrea Bargnani left the team with no cap flexibility, and a history of parting with draft selections and prospects had them headed toward the 2014 draft with no picks. However, Jackson was able to swing a series of moves that sent Chandler to Dallas and earned New York multiple second round picks.
‘Melo will hope Jackson, who has managed some of the game’s greats to many titles as a coach, can work some of the same magic as an executive. Jackson will work with Fisher to implement his triangle offense around Anthony’s strengths. Anthony’s belief in the future of New York will likely play a large part in determining his legacy, and whether he ever finds prolonged success in the playoffs. Anthony has standout averages of 25.3 PPG and 6.5 RPG for his career.
Photo courtesy of USA Today Sports Images.
Thunder Sign Anthony Morrow
WEDNESDAY, 2:04pm: The deal is official, the team announced via press release.
“Anthony Morrow has demonstrated that he is amongst the most consistent and efficient three point shooters in the NBA over his career, and we are pleased to welcome him to Oklahoma City and the Thunder organization,” Thunder GM Sam Presti said. “With his body of work, we feel Anthony is a unique addition to a diverse roster, while also possessing the toughness and selflessness that we are consistently seeking in Thunder players.”
SATURDAY, 1:08pm: The deal is for three years in slight excess of $10MM, tweets Shams Charania of RealGM. The final year is a team option, per David Aldridge of NBA.com (via Twitter).
12:33pm: Anthony Morrow has agreed to join the Thunder, tweets Darnell Mayberry of The Oklahoman. The shooting specialist had received interest from the Clippers, Heat, Wizards, Raptors, Suns, Wizards, Pistons, and Pelicans in addition to Oklahoma City and other unnamed teams.
Morrow opted out of the final, $1.1MM year of his contract with New Orleans this summer. The terms of the deal are still unknown, but I would guess the contract to be significantly more lucrative considering the amount of interest the 28-year-old was drawing. The shooting guard could be in play to start for the Thunder, who let starting shooting guard Thabo Sefolosha walk following a disappointing 2013/14 campaign. Morrow has only started 129 games over the course of his six-year career.
Bulls Trade Greg Smith To Mavs
MONDAY, 6:18pm: The Mavericks have announced that the trade is official. Dallas acquires Smith from the Bulls in exchange for the rights to Tadija Dragicevic.
9:24pm: Tim MacMahon of ESPNDallas.com confirms the trade is happening, and is told that the Mavs will give up virtually nothing in the deal (Twitter link).
SATURDAY, 10:40pm: The Bulls are expected to trade Greg Smith to the Mavs by Monday, a league source tells Marc J. Spears of Yahoo! Sports (Twitter link). K.C. Johnson of The Chicago Tribune confirms that a trade is in the works, but stops short of calling it a done deal (on Twitter). Chicago is looking to clear Smith’s salary, at just under $950K, to aid in their ongoing efforts in free agency.
Smith was signed by the Bulls after the Rockets waived the center during the season. The 23-year-old was injured at the time, arriving amid a slew of late-season pickups that gave the Bulls cap flexibility for this year while helping them reach the roster minimum. Details of compensation from Dallas are unknown, but they would likely be modest for a recovering player on a minimum contract.
Smith played in 70 games for Houston in the 2012/13 season, but that was sandwiched between a total of 19 appearances in his other two seasons in the NBA. If healthy, he could fill a need for Dallas, who were reportedly interested in re-signing fellow big man DeJuan Blair at the minimum salary.
And-Ones: LeBron, Pierce, Jazz, Kidd
The first domino that was LeBron James‘ free agency decision certainly set off the chain we anticipated, with a flurry of activity taking place over the last two days. Here’s a rundown of the league’s action this evening:
- James hopes that his player option for the second year of his Cavs contract can be worked out quietly in the offseason, sources tell Terry Pluto of The Plain Dealer. Of course, a stress-free contract renewal for James would be the first of his career.
- Paul Pierce‘s first choice wasn’t to sign with the Wizards, tweets David Aldridge of NBA.com. Pierce was more interested in joining the Clippers or returning to the Nets, but became more intrigued by the Washington roster as time went by this offseason.
- Jazz GM Dennis Lindsey told reporters including Jody Genessy of Deseret News that Gordon Hayward and Derrick Favors will both have a voice regarding Utah’s decision making (Twitter link).
- Tom Moore of Calkins Media wonders if the Sixers might end up leveraging their abundant cap space to take back one of the Knicks burdensome contracts in exchange for draft compensation.
- Jason Kidd tells Charles F. Gardner of The Milwaukee Journal Sentinel that he has been working closely with Bucks GM John Hammond and assistant GM David Morway despite reports he was looking for front office power in the process that brought him from Brooklyn to Milwaukee. “We’re a family,” said Kidd. “Being able to talk to them every day about things, they have ideas, I share some of the things I think about. We’re still learning each other, how we want to play. A lot of things get misinterpreted with me, I guess. I’ll leave it at that.”
Free Agency Notes: Deng, Augustin, Mavs
The Pacers organization is presenting a united in front in their attempts to convince Lance Stephenson to re-sign with Indiana, reports Michael Marot of The Associated Press. Indy brass, coaches, and players are hopeful they can challenge again in the East with Stephenson back aboard now that LeBron James has fled Miami. Here are more of the night’s free agency rumblings:
- The Suns are now trying to break into the Luol Deng sweepstakes, tweets Marc Stein of ESPN.com.
- Both the Hornets and Mavs are interested in free agent point guard D.J. Augustin, tweets Adrian Wojnarowski of Yahoo! Sports.
- The Mavs have also shown interest in Mo Williams and Mike Miller in their ongoing attempts to recover three-point shooting now that Jose Calderon and Vince Carter are gone, reports Eddie Sefko of The Dallas Morning News.
- The Mavs are likely to re-sign backup center Bernard James, a source tells Tim MacMahon of ESPNDallas.com.
- MacMahon tweets that Dallas’ acquisition of Greg Smith indicates the team has moved on from DeJuan Blair, who is presumably after a more lucrative deal than the minimum contract the Mavs were willing to offer.
Eastern Rumors: Knicks, Miller, Deng, Ariza
With Carmelo Anthony set to re-sign with the Knicks, New York can now focus on setting up a supporting cast to play alongside him. One name they’re interested in re-signing is Toure’ Murry, tweets Chris Herring of the Wall Street Journal. Here’s more from around the East:
- Phil Jackson is said to be willing to include Iman Shumpert as part of a deal to dump the contracts of Amar’e Stoudemire, Andrea Bargnani, or J.R. Smith, writes Sean Deveney of The Sporting News.
- There is a gap between what the Cavs can offer and what Mike Miller is seeking, but not enough to end their talks, tweets Jeff Zillgitt of USA Today.
- In contrast to an earlier report of the Hornets interest in Lance Stephenson, Rick Bonnell of the Charlotte Observer tweets that Charlotte has shown no such signs.
- The Heat are now open to bringing free agent Mario Chalmers back at the right price, writes Ira Winderman of The Sun Sentinal. Miami drafted point guard Shabazz Napier, and was reportedly looking to sign-and-trade Chalmers before LeBron James elected to take his talents away from South Beach.
- The Hawks have re-engaged talks with Luol Deng, tweets Adrian Wojnarowski of Yahoo! Sports. We heard earlier that the two sides had reached an impasse on salary for the veteran small forward.
- Kent Bazemore was in contract discussions with the Lakers when he agreed to join the Hawks, but Atlanta’s urgency precluded Los Angeles from re-signing the guard on their time table, reports Marc Stein of ESPN.com.
- Trevor Ariza received the same offer from the Wizards as he agreed to with the Rockets, but the difference in taxes between Washington and Houston will save him approximately $3MM, tweets Michael Lee of The Washington Post.
- Ariza asked for an annual salary of $10MM to stay with the Wizards, sources tell J. Michael of CSNWashington.com. Michael says that Washington declined to meet Ariza’s demands in order to maintain cap space in 2016, when Kevin Durant will become a free agent.
Charlie Adams contributed to this post.
Western Rumors: Love, Deng, Stephenson, Suns
There has been no movement on a Kevin Love deal between the Wolves and Warriors, tweets Darren Wolfson of 1500 ESPN Twin Cities. A source tells Marc Stein of ESPN.com that Love’s willingness to re-sign with the Cavs is unlikely to be squelched by news that LeBron James‘ contract only runs two years (Twitter link). Here’s a rundown of tonight’s Western notes:
- While Luol Deng is advancing in talks toward a roughly two-year, $20MM with the Heat, Sam Amick of USA Today hears (Twitter links) that the free agent is waiting to see what happens with the Mavs offer sheet to Chandler Parsons before making a final decision. If Dallas missed out on Parsons, Deng would likely be their next target.
- However, the Mavs are considering pursuing Lance Stephenson on a short term deal at a higher salary before chasing Deng, should Houston match their offer sheet for Parsons, tweets Adrian Wojnarowski of Yahoo! Sports.
- Mark Cuban acknowledged to reporters including Candace Buckner of The Indy Star that Stephenson was “on the list” if the Mavs are unable to land Parsons.
- The Suns addition of Isaiah Thomas does not mean that the team is looking to move on from Goran Dragic, Eric Bledsoe, Tyler Ennis, or Archie Goodwin, writes Paul Coro of the Arizona Republic. While each guard can play the point, the Phoenix system allows for shooting guards to facilitate as well, leaving the opportunity for each to continue to contribute or develop.
- Kings GM Pete D’Alessandro told Jason Jones of The Sacramento Bee that the team could add another ball handler to the roster, but not necessarily a point guard (Twitter links). D’Alessandro said the Kings are also seeking ways of reducing salary as they approach the luxury tax line.
- Gordon Hayward‘s agent believes his performance last year was impacted by feeling the pressure of his looming restricted free agency, and expects the forward to be better now that he has secured a long-term deal with the Jazz, tweets Aaron Falk of The Salt Lake Tribune.
Central Rumors: Wiggins, Pacers, Mirotic
The Central Division has been reshaping the past few days, with LeBron James and Pau Gasol arriving to the Cavs and Bulls, respectively. Here’s a rundown of the division:
- If Andrew Wiggins is set to be traded in a deal for Kevin Love, David Blatt doesn’t know anything about it, reports Ryan Wolstat of the Toronto Sun (via Twitter). “He’s not going anywhere, as far as I’ve heard,” said the Cavs‘ soon-to-be first-year coach.
- LeBron’s two-year contract with the Cavs is purely a business decision and doesn’t indicate any hesitancy from James to finish his career in Cleveland, a source tells Jeff Zillgitt of USA Today. Zillgitt explains how James could maximize his earnings with a series of short-term deals in the coming years.
- The Cavs renounced their rights to Luol Deng, tweets Mark Deeks of ShamSports. The move clears Deng’s cap hold with Cleveland and forfeits their right to exceed the cap to sign him, but it clears the cap room necessary for Cleveland to sign LeBron. Deng has long been expected to sign elsewhere this summer, and is in serious talks with the Heat.
- The Pacers are interested in obtaining Suns point guard Goran Dragic, potentially in a sign-and-trade agreement involving Lance Stephenson, writes Mitch Lawrence of New York Daily News.
- The Pacers would also be interested in Carlos Boozer, should he get amnestied by the Bulls, writes Lawrence.
- The Bulls were offered a late top-10 2014 draft pick for Nikola Mirotic and declined, tweets Eric Pincus of The Los Angeles Times.
Charlie Adams contributed to this post.
Western Notes: Pelicans, Parsons, Grunwald
The Thunder lost a valuable weapon Friday with the expiration of a $6.5MM trade exception left over from last year’s sign-and-trade of Kevin Martin to the Wolves. The Thunder had hoped to use the exception to acquire Pau Gasol, and today lost out on the big man, report Marc Stein and Ramona Shelburne of ESPN.com. Here’s more from out West:
- The Warriors had considered using their own expired trade exception to acquire Brandon Bass, among other players, reports Zach Lowe of Grantland.
- The Pelicans renounced their rights to Al-Farouq Aminu, Jason Smith and James Southerland, tweets Mark Deeks of ShamSports. That means they no longer hold any form of Bird rights on the trio.
- The Suns also renounced Emeka Okafor‘s rights in a move that will erase his $19.2MM cap hold from Phoenix’s books, Deeks reports in a separate tweet.
- Sources tell Marc Stein of ESPN.com (via Tim MacMahon of ESPN.com) that although the Rockets just snagged small forward Trevor Ariza, Houston is still deciding whether to match Chandler Parsons‘ max offer sheet with the Mavs.
- The Grizzlies have been talking up Glen Grunwald as a candidate for their GM-in-waiting search, Mitch Lawrence of New York Daily News reports. Lawrence expects Memphis to hire Grunwald for the job.
Chuck Myron contributed to this post.