Pau Gasol, Bulls Close To Agreement
4:28pm: Gasol is close to joining the Bulls, but it won’t be through a sign-and-trade, tweets Brian Windhorst of ESPN.
3:23pm: Dunleavy won’t be included in any sign-and-trade for Gasol, tweets Wojnarowski. Jonathan Feigen of the Houston Chronicle hears the Rockets’ most likely role in the suggested deal would be to take on expiring contracts (Twitter link).
3:04pm: The Lakers appear to be in line to get “one or two picks” in a sign-and-trade for Gasol, writes Mike Bresnahan of the Los Angeles Times (on Twitter), who adds that Houston might be involved in the deal in some fashion as well.
10:30am: The sign-and-trade discussions with the Lakers have involved sending Dunleavy and the non-guaranteed contracts of Mike James, Louis Amundson, and Ronnie Brewer to Los Angeles for Gasol, reports K.C. Johnson of The Chicago Tribune. The possibility remains that the Bulls could work out agreements to acquire both Gasol and Anthony, but appears increasingly slim, per Johnson.
10:24am: A deal should be complete today, tweets David Aldridge of NBA.com. The mechanics of the deal, along with the ultimate implications for Chicago’s pursuit of ‘Melo, are still unknown.
8:12am: Free agent Pau Gasol is working with the Bulls on completing an agreement, league sources tell Adrian Wojnarowski of Yahoo! Sports (Twitter link), confirming an earlier report from Spanish newspaper Marca.com. The deal would rely on the Lakers agreeing to a sign-and-trade with Chicago, and sources tell Marc Stein and Ramona Shelburne of ESPN.com that Los Angeles is holding out for draft compensation to participate in such a deal. LA received a future first-round pick in Friday’s agreement to acquire Jeremy Lin, and the ESPN duo’s sources say the Lakers are looking for the same in exchange for paving Gasol’s path to Chicago.
If the Bulls can’t work out a sign-and-trade for Gasol’s services, the Spurs are still poised as front-runners to acquire the skilled big man, per Stein and Shelburne. The talks indicate that the Bulls have lost optimism of signing Carmelo Anthony, despite reports that they are the Knicks’ only competitor to land the New York free agent, and that the Lakers are resigned to losing Gasol after having several contract offers rejected by him. The Thunder and Knicks are both likely out of the running for Gasol, the ESPN scribes write.
The Bulls have been hoping to find a willing partner to take back the final year of Carlos Boozer‘s contract rather than amnesty him, and Eric Pincus of Basketball Insiders has tweeted out his cap calculations that show a Gasol deal including Boozer is possible, albeit complicated (Twitter links). Pincus also identifies Mike Dunleavy‘s contract as a piece that would make the deal work.
Spurs Sign Kyle Anderson
Kyle Anderson has signed with the Spurs, the team announced in a press release. The 30th pick from the 2014 draft is in line for a $1,093,680 salary, assuming the team pays the fully allowed 120% of his rookie-scale wages. It is standard for teams to pay that amount, but not assured for players at the end of the first round like Anderson.
The UCLA product will likely come off San Antonio’s bench as a reserve point guard, but Anderson’s impressive size will provide the Spurs some flexibility on where the team can play him, as Hoops Rumors’ Eddie Scarito mentioned in Anderson’s prospect profile. Hoops Rumors’ Alex Lee projected that Anderson would be taken 26th overall in the final version of his mock draft, suggesting San Antonio got good value from the 30th pick.
Anderson joins the reigning NBA champions and will learn from perhaps the game’s best coaching staff, led by head coach Gregg Popovich. It might take some seasoning before Anderson is ready to get regular playing time, but he couldn’t ask for a better group to learn from.
Rockets Rumors: Parsons, Deng, Ariza, Pierce
After striking out on signing Chris Bosh, the Rockets are in scramble mode, writes Jonathan Feigen of The Houston Chronicle. Houston might have some major rebuilding to do after shipping out Jeremy Lin in a cap-clearing move, and Omer Asik is still set to depart as soon as the Pelicans create room to finalize that separate agreement. Here’s the latest on Houston’s latest turbulence, including more from Feigen’s article:
- The Rockets have been in contact with free agent small forwards Luol Deng and Trevor Ariza, a sign that they are considering alternatives to matching the Mavs offer sheet signed by Chandler Parsons, writes Feigen. Houston was prepared to pay Parsons a max salary as a piece in a premier lineup featuring Bosh, but is less eager to do so now.
- Paul Pierce recently showed interest in joining the Rockets, although Feigen is unsure if that interest was contingent on Houston obtaining Bosh.
- The talks with Deng and Ariza were described as “advanced” by Tim MacMahon of ESPNDallas.com (on Twitter). McMahon considers the development a good sign for Dallas’ hopes of acquiring Parsons, but notes that nothing is yet certain.
- However, Houston appears out of the running for Deng, according to Marc Stein of ESPN.com (Twitter link). Stein says the Rockets are “still in the hunt” for Ariza.
- The Rockets have joined the Heat, Cavs, and Mavs in pursuit of Chris Andersen, tweets Jared Zwerling of Bleacher Report.
- Earlier, we passed along news that the Rockets have reached a snag in contract negotiations with No. 25 pick Clint Capela.
Jazz Match Gordon Hayward Offer Sheet
The Jazz have matched the Hornets maximum-salary offer sheet to Gordon Hayward, league sources tell Adrian Wojnarowski of Yahoo! Sports (Twitter links). Hayward will sign with Utah today. The move was expected, as the Jazz had been planning to match any offer the restricted free agent would receive on the market.
Hayward will receive a total of $62,965,420 over the course of the deal, with a starting salary of $14.746MM. It’s the most that Charlotte or any team other than the Jazz could have given him in an offer sheet. He was eligible for as much as $84,789,500 over five seasons if he’d signed directly with Utah, which helps explain why the Jazz all along seemed content to let him negotiate with other teams, only to swoop in and match.
The 24-year-old secured the max offer from Charlotte amid interest from several teams. The Jazz were unable to sign Hayward to a rookie-scale extension last fall, which put in motion the process leading to him becoming a max player this offseason. Utah offered significantly less during extension negotiations, so Hayward’s choice to decline their offer and hit free agency has paid off for the small forward.
The Priority Sports & Entertainment client will look to lead an improved youth movement in Utah alongside new addition Dante Exum, whom the Jazz selected with the No. 5 pick in this year’s draft. Hayward turned in career-best averages in points, steals, assists, and rebounds per game in the 2013/14 season, but did so in the most inefficient year of his career on a Jazz team that struggled in only winning 25 games.
Photo courtesy of USA Today Sports Images.
Clint Capela, Rockets In Contract Dispute
Clint Capela and the Rockets, who selected him at No. 25 in this year’s draft, are at a “minor impasse” in contract negotiations, league sources tell Chris Haynes of CSNNW.com. The friction stems from Houston’s initial insistence that the big man remain overseas for another year, while Capela’s representatives were pushing for him to join the NBA club immediately.
The rookie scale for player contracts limits just how far apart the sides could be in salary discussions, as the Rockets are required by the CBA to pay between 80%-120% of the $991,000 amount slotted for the 25th pick. Teams typically pay the full 120%. Haynes adds that there is also disagreement over who will pay what portion of his $500K buyout with his current French team in order to bring him stateside.
Until recently, the Rockets have been on a long march toward clearing as much cap space as possible to make room for prime free agents LeBron James, Carmelo Anthony, or Chris Bosh, and stashing Capela overseas would have kept additional salary off their books for the 2014/15 season. However, the Rockets primary targets have chosen other teams, assuming Anthony doesn’t revisit the possibility of joining Houston over the Knicks or Bulls. The Rockets dangled the No. 25 pick in trade talks before selecting Capela, and other teams have shown interest since in acquiring the Swiss big, although there have been no reports of Houston being willing to move him.
Mike Miller Halts Talks With Nuggets
10:11pm: The Grizzlies have informed Miller that the team will be going in another direction and won’t be bringing him back, Miller announced via his twitter account.
4:23pm: James reached out to Miller again today, and Cavs officials have done so, too, reports Jeff Goodman of ESPN.com (Twitter link). Miller continues to consider the Nuggets, Thunder and Grizzlies, Goodman adds.
FRIDAY, 3:37pm: Miller has stopped negotiations with the Nuggets and is “exploring every option” that would allow him to join James in Cleveland, with the Cavs reportedly having been in pursuit.
WEDNESDAY, 8:06pm: Free agent Mike Miller is close to agreeing on a deal with the Nuggets, a source tells Chris Broussard of ESPN.com (Twitter link). The Grizzlies, Cavs, Thunder, Rockets, and Blazers have all shown interest in signing the sharpshooter this offseason. Miller was preparing to decide on his destination early in free agency, but met with Denver in recent days after being underwhelmed by the Grizzlies offer to retain him.
The Cavs were the most recent team to chase Miller in the hopes of enticing LeBron James to sign in Cleveland. James had reportedly reached out to Miller to pitch a reunion between the two if James were to leave the Heat in the coming days. There has been no report of Miller’s eagerness to rejoin James, so this news doesn’t shed any light on LeBron’s looming decision.
Whatever deal Miller signs will net him salary in addition to most of the $6.6MM owed to him by Miami from his amnestied contract that runs through next season. A multi-year deal for the 34-year-old would add financial security for the oft-injured shooting guard, and his projected role could also be a significant factor as he chooses his next team. The Nuggets are widely considered the least title-ready team of the teams pursuing him.
Rockets, Sixers In Talks On Jeremy Lin Deal
FRIDAY, 12:19pm: The Rockets and Sixers are currently in talks about a Lin deal, but no agreement has been reached, a source tells Bob Cooney of the Philadelphia Daily News (Twitter link).
WEDNESDAY, 11:55pm: The Rockets have a deal in place to send Jeremy Lin to the Sixers if Houston is able to sign Chris Bosh, league sources tell Mitch Lawrence of New York Daily News. The trade would give the Rockets needed cap flexibility in their attempt to make room for Bosh.
The Sixers were reportedly open to such a trade, but wanted to receive a first rounder from Houston as part of the agreement. Lawrence doesn’t report the specifics of compensation, but it seems likely Philadelphia’s demand has been met. That’s speculation on my part, since the Sixers would appear to have more leverage considering the Rockets are being squeezed into a three-day window to have any chance of securing Bosh alongside Chandler Parsons, who agreed to sign a max offer sheet with Dallas that Houston will have 72 hours to match or decline.
The move would work in conjunction with Houston’s pending agreement to send Omer Asik to the Pelicans, which still depends upon New Orleans’ ability to clear salary before taking back the big man’s contract. Lin and Asik have identical contracts that include a balloon payment exceeding the cap hit in the final year, which is the approaching 2014/15 season.
Rockets Receive Mavs Offer Sheet For Parsons
6:03pm: The three-day clock on the Parsons offer sheet will begin tonight at 11pm CDT, reports Dwain Price of the Fort Worth Star Telegram (Twitter link), giving the Rockets until Sunday at that time to match. In a separate tweet, Price reports that the deal will pay Parsons $14.7MM next season, $15.36MM in 2015/16 and $16.02MM in 2016/17 for a total of $46.08MM over three years. Price also confirms the third year is a player option.
1:59pm: The Rockets have received the signed offer sheet from the Mavs, USA Today’s Sam Amick reports, so the possibility of a sign-and-trade is out and Houston’s three-day window to match will begin (Twitter link).
1:24pm: Parsons indeed signed the offer sheet, Wojnarowski clarifies, but it simply hasn’t been delivered to the Rockets, meaning it’s not official yet, and the clubs can continue to work toward a sign-and-trade (Twitter link).
12:55pm: Dallas and Houston are indeed in talks about a sign-and-trade involving Parsons, according to Adrian Wojnarowski of Yahoo! Sports (Twitter link). Wojnarowski also says Parsons has yet to sign an offer sheet, repeating what Nelson told reporters earlier today. That’s in spite of the earlier report to the contrary and photos of Parsons signing paperwork that Mavs owner Cuban posted to a social media site, as Eddie Sefko of the Dallas Morning News observed.
11:57pm: Nelson told reporters that the plan is to submit the offer sheet by the end of the night, notes Jeff Caplan of NBA.com (on Twitter), so it appears that’s the deadline for working out a sign-and-trade.
11:52pm: A possible sign-and-trade is in play for the Mavs and Rockets regarding Parsons, which is why Dallas is hesitating to submit the offer sheet, tweets Eddie Sefko of the Dallas Morning News.
11:36am: Mavs GM Donnie Nelson said the team hasn’t submitted any offer sheets, tweets Earl K. Sneed of Mavs.com. That suggests that while Parsons may have indeed signed the offer sheet, the Mavs haven’t officially given the Rockets notice, as required, to begin the three-day matching period.
10:37am: If the Rockets sign Bosh, they intend to match the offer sheet for Parsons if they can before their time to do so runs out, a source tells Jonathan Feigen of the Houston Chronicle (Twitter link). If they don’t sign Bosh, Houston is undecided on matching, Feigen adds.
THURSDAY, 8:04am: Parsons has signed the offer sheet, as Tim MacMahon of ESPNDallas.com writes, but there’s been no announcement from the Mavs, so it’s unclear whether the Rockets have been officially notified and their three-day window to match the offer sheet has begun. The value of the trade kicker is the maximum 15%, according to Spears (Twitter link).
WEDNESDAY, 8:06pm: The deal includes a trade kicker, tweets Spears.
5:56pm: The Mavs and Chandler Parsons have reached an agreement on an offer sheet for three years and approximately $46MM. The third year is a player option, tweets Marc J. Spears of Yahoo! Sports. Marc Stein of ESPN.com was the first to report the agreement (on Twitter), and Adrian Wojnarowski of Yahoo! Sports has confirmed the pending deal (via Twitter). The max salary for a player of Parsons’ status on a three-year deal would be $46,228,710, as we learned earlier today, so Dallas has offered the max or close to it to the small forward.
Parsons will sign the offer sheet when the league moratorium is lifted at 12:01am EDT, a source tells Spears (Twitter link), and the Rockets will have three days to match the deal for their restricted free agent. Houston will be faced with a 72-hour window to resolve its pursuit of Chris Bosh if they want to retain both Parsons and add the Heat veteran, as Parsons currently minuscule cap hold will turn into a massive amount of salary if they match Dallas’ offer. The Rockets would no longer have room to sign Bosh at the max level in that scenario.
Houston chose to decline the slender $960K team option for Parsons this season in a move that preserved their right to match offers for the third-year forward in restricted free agency rather than see him become an unrestricted free agent next summer. Houston has planned on retaining Parsons through this process, although the outcome of their respective pursuits of Carmelo Anthony, Bosh, and LeBron James could have altered those plans. GM Daryl Morey has been in contact with the agents for Trevor Ariza, Luol Deng, and Paul Pierce today, tweets Wojnarowski and Sam Amick of USA Today, three small forwards that would make sense as contingency plans in the event Houston doesn’t match Dallas’ offer. As it stands, Houston hasn’t been notified that they are out of the running on Anthony or James, but don’t appear to be front runners for either star.
And-Ones: Dragic, Tolliver, Bogdanovic, Aldridge
Dahntay Jones has met with the Clippers, and has received interest from the Knicks, tweets Alex Kennedy of Basketball Insiders. Here’s more from around the league:
- Zoran Dragic has signed a two-year contract extension with his Spanish League team, the Euroleague announced (H/T Emiliano Carchia of Sportando). NBA teams including the Rockets had shown interest in the brother of Goran Dragic. The original deal had a $500K NBA buyout clause for the upcoming season, although it is unclear if the extra years will feature the same flexibility.
- Free agent Anthony Tolliver has been in serious discussions with six teams, including the Clippers, Cavs, Pistons, Spurs, Wizards, and Hornets, reports Shams Charania of RealGM.
- Bogdan Bogdanovic and the Suns signed a declaration that the 2014 draft pick will not play in the NBA this season, a formality that clears his rookie scale cap hold from the team’s books, tweets Mark Deeks of ShamSports. Bogdanovic is signed overseas and can’t opt out until at least 2016.
- LaMarcus Aldridge‘s choice to seek a new deal with the Blazers as a free agent next summer was one of two options presented him by Portland owner Paul Allen and GM Neil Olshey last month, reports Joe Freeman of The Oregonian. The Blazers brass suggested the All-Star consider a three-year, $55MM extension he could sign immediately, or wait to become eligible for a five-year, $108MM max deal as an unrestricted free agent. “I don’t want it to be perceived that I’m not happy or I’m not staying on because I’m not signing a three-year deal,” Aldridge said. “It’s just financially smarter to wait … and I’m looking forward to signing the five-year deal when the chance comes.”
- Considering the recent max offers extended to Gordon Hayward and Chandler Parsons, it seems certain that Klay Thompson will also merit a max deal when he becomes a free agent. Tim Kawakami of Bay Area News Group hears that the Warriors have budgeted measures to find room for the shooting guard, should he not be traded away in a deal for Kevin Love.
Eastern Rumors: Ariza, Celtics, Sixers
The Wizards have spoken with Luol Deng, but remain committed to re-signing Trevor Ariza, league sources tell Adrian Wojnarowski of Yahoo! Sports (Twitter link). Here’s more from the East:
- Washington is prepared to offer Ariza a raise from last year’s $7.7MM salary, but not upwards of $9MM, which is what the small forward is reportedly seeking, writes Michael Lee of The Washington Post. Both Ariza and the Wizards have anticipated waiting until LeBron James and Carmelo Anthony make their decisions before any progress for Ariza can be made.
- J. Michael of CSNWashington.com tweets that Ariza is assured of receiving more more money from another team, but that the Wizards hope he will want to remain in Washington for less.
- The Bulls are now being linked as suitors for Ariza by Chris Broussard of ESPN.com (on Twitter).
- The Rockets are weighing whether to match Chandler Parsons‘ offer sheet with the Mavs, or pursue Ariza at a lower price, tweets Broussard.
- The Celtics like the newly acquired Tyler Zeller, but don’t have long term plans for Marcus Thornton, whom they acquired in the same three-team trade, tweets Gary Washburn of The Boston Globe. Washburn says it’s likely Boston will deal away Thornton’s contract or let it expire.
- Before the Celtics agreed to take part in today’s swap, the Cavs reached out to the Magic and just about every other team in the league as they sought a third team to take Thornton in a three-team deal with the Nets, according to Grantland’s Zach Lowe.
- Sixers GM Sam Hinkie acknowledged that his team is in position to help other clubs with its ample cap flexibility, pointing to that as a way to faciliate trades, as he told Bob Cooney of the Philadelphia Daily News as part of a Q&A.
Chuck Myron contributed to this post.