Eastern Notes: D-League, Jenkins, Magic
Chris Babb, Tim Frazier, Rodney McGruder and Christian Watford are joining the Celtics D-League affiliate, the team announced (Twitter links). The Celtics are using their ability to retain the D-League rights to up to four camp cuts to keep Frazier, McGruder and Watford out of the D-League draft, but they don’t have to do so with Babb, since he played for Boston’s D-League team last season.
Here’s more from the east:
- The Magic‘s D-League team has signed Seth Curry, Peyton Siva, Kadeem Batts and Drew Crawford, the club announced, The Magic waived the foursome last week.
- The first two years of Anderson Varejao‘s extension with the Cavs are fully guaranteed with the third year being a team option, Adrian Wojnarowski of Yahoo! Sports reports (Twitter link).
- Varejao will make $9,638,554 the first year; $10,361,446 the second year of the deal, with $9.36MM guaranteed; and the third season is set at $10MM, Eric Pincus of Basketball Insiders reports (Twitter link). If Varejao is on the Cavs‘ roster past August 1st, 2017 then $4.5MM of the third year will become guaranteed, adds Marc Stein of ESPN.com (Twitter link).
- John Jenkins admitted he’s upset that the Hawks decided to decline his rookie scale team option for 2015/16, but he called it “part of the game” and a potential blessing in disguise, observes Chris Vivlamore of the Atlanta Journal-Constitution.
- While it’s still a bit too early in the season for any coaches to truly be on the hot seat just yet, Fran Blinebury of NBA.com takes a look at eight coaches who are under the most pressure this year, including David Blatt (Cavs), Mike Budenholzer (Hawks), and Derek Fisher (Knicks).
Chuck Myron contributed to this post.
Warriors Sign Thompson To Max Extension
The Warriors have agreed to an extension with Klay Thompson, the team has announced. Marc Stein of ESPN.com (Twitter link) was the first to report the agreement. The 
deal is a four-year max extension, and it contains no options, tweets Sam Amick of USA Today. The estimated value is in the $70MM range, but the exact figure won’t be known until the league sets the new maximum salary amount in July.
The two sides beat tonight’s deadline to ink a deal while fielding trade offers from the Kings, who reportedly offered anyone on their roster aside from DeMarcus Cousins and Rudy Gay, Marc Spears of Yahoo! Sports notes. There were also concerns that Golden State owner Joe Lacob wouldn’t be comfortable shelling out the max for a player, especially when comparing it to the team-friendly deal that Stephen Curry is signed to. According to a report from Monte Poole of CSNBayArea.com earlier this month, the Warriors were offering Thompson annual salaries of about $13MM in its proposals, though the sides had been getting closer in recent weeks.
Thompson had expressed a preference for the security of an extension rather than a one-year deal next summer that would allow him to hit unrestricted free agency when the league’s new $24 billion TV deal kicks in and player salaries are expected to increase markedly. He is a potential two-way superstar, and in 230 career games he has averages of 16.1 PPG, 3.1 RPG, and 2.2 APG. His career slash line is .435/.409/.828.
The Warriors had approximately $62MM in guaranteed salary committed for the 2015/16 season before coming to terms with Thompson, and that doesn’t account for Brandon Rush‘s $1,270,964 player option, or any money needed to re-sign Draymond Green. By adding Thompson’s max-level salary to the equation the team might seek to unload David Lee, who is set to make $15,012,000 this season, and $15,493,680 in 2015/16. If the Warriors wait until next summer they could try to flip Lee’s expiring contract for some cap relief, though that is purely my speculation.
Photo courtesy of USA Today Sports Images.
Cavs Sign Anderson Varejao To Extension
The Cavaliers and Anderson Varejao have officially signed a contract extension, the team announced. The extension is believed to be for three years, and approximately $30MM, as Marc Stein of ESPN.com reported Thursday (Twitter link). Chris Haynes of the Northeast Ohio Media Group added that the plan was for the sides to sign the extension today, though the October 31st deadline that applies for rookie-scale extensions didn’t matter with Varejao. The 32-year-old becomes just the fifth player to sign a veteran extension under the current collective bargaining agreement, joining Andrew Bogut, Kobe Bryant, Tony Parker and Zach Randolph.
“Anderson represents how this franchise wants to approach the game of basketball, both on the court and off,” Cavs GM David Griffin said in the team’s statement. “He has been a key part of our foundation for years and we are very happy that he will continue to be part of our Cavs family as we work towards our goals at the highest level. Andy is, and has been, a tireless worker, an incredible teammate and a great competitor that plays with a rare combination of energy and intensity that makes him truly special.”
This news doesn’t come as a surprise since it was reported earlier that both sides had a mutual interest in keeping Varejao in Cleveland for the foreseeable future. The Brazilian-born center said recently that he wants to finish his career with the Cavs, and he has a close relationship with LeBron James, with whom he’d been teammates for six years before James took his talents to South Beach.
Varejao nonetheless had some incentive to wait until he became a free agent to sign a new deal with the Cavs. The starting salary in a veteran extension can be no more than 107.5% of the salary in the final season of the existing deal, and in Varejao’s case the extension could only have run through the 2017/18 season. If Varejao were to have waited to become a free agent, he could sign up to a five-year contract for nearly 35% of the salary cap, though he wasn’t a candidate for max money, nor a deal of that length. With his history of injuries and advancing age, signing an extension to stay in Cleveland and gaining some level of financial security was clearly appealing for Varejao, and it comes with the benefit of allowing him to continue to play for a team that’s shaping up to be an annual title contender.
This news also casts some doubt as to the future of Tristan Thompson in wine-and-gold. A report earlier today indicated that there was pessimism surrounding Cleveland’s extension talks with Thompson, who is subject to today’s 11:00pm Central deadline for rookie scale extensions. Thompson is seeking a new deal in the $12MM per year range, which is a bit pricey for a backup center.
The Cavs had only about $21.5MM in commitments for 2015/16 before signing the Varejao deal, but that doesn’t include James’ player option for $21,573,398 or Kevin Love‘s for $16,744,218. Varejao’s extension doesn’t leave the Cavs front office much flexibility to ink Thompson and continue to surround the core of James, Love, and Kyrie Irving with the role players needed to contend.
Photo courtesy of USA Today Sports Images.
Sixers Pick Up Options On Three Players
FRIDAY, 9:57pm: The moves are official, the team announced via press release. Sixers spokesperson Michael Preston confirms the news via Twitter.
THURSDAY, 7:37pm: The Sixers have picked up the third-year team options for Nerlens Noel and Michael Carter-Williams, as well as the fourth-year team option for Tony Wroten, as is shown in the RealGM transactions log. These moves give Philadelphia approximately $13,508,212 in guaranteed salary commitments for the 2015/16 season.
None of these moves come as a surprise since all three players factor heavily into the Sixers’ long term rebuilding plans. The 2015/16 salaries for the three players will be $3,457,800 for Noel; $2,399,040 for Carter-Williams; and $2,179,354 for Wroten.
Carter-Williams won the Rookie of the Year award last season after being selected with the No. 11 overall pick in the draft. He averaged 16.7 PPG, 6.2 RPG, and 6.3 APG. His slash line was .405/.264/.703. There were rumors during the offseason that the team was shopping Carter-Williams, but no deal materialized and he remains the team’s starting point guard. For him to take the next step in his development, Carter-Williams desperately needs to cut down on his 3.5 turnovers per game of a season ago.
The 20-year-old Noel begins his rookie campaign after an injury suffered during his lone year at Kentucky kept him out for the entire 2013/14 season. Extremely athletic and a gifted defender, Noel will need to develop his offensive game if he hopes to fulfill his immense potential.
Originally drafted by the Grizzlies, Wroten is being counted on this season to provide a large portion of Philadelphia’s scoring. In 108 career games, including 17 starts, he has averaged 9.7 PPG, 2.4 RPG, and 2.5 APG. His career shooting percentages are .423/.216/.642.
Rockets Exercise Jones, Motiejunas Options
FRIDAY, 9:05am: Houston has indeed picked up the options, as the RealGM transactions log shows, even though the team still hasn’t made a formal announcement.
THURSDAY, 5:00pm: The Rockets have picked up the fourth-year team options on the rookie contracts of Terrence Jones and Donatas Motiejunas, Jonathan Feigen of The Houston Chronicle reports, though the team has yet to make a public acknowledgement. Jones will earn $2,489,530 during the 2015/16 season, and Motiejunas will pocket $2,288,205. These moves will give Houston a total of $55,137,043 in guaranteed salary commitments for 2015/16, and that figure doesn’t include the team option on Kostas Papanikolaou for $4,797,664.
Jones was selected with the 18th overall pick in the 2012 NBA draft, and has been the Rockets starting power forward for much of the past two seasons. His career numbers over 97 games are 10.8 PPG, 6.3 RPG, and 1.3 BPG. His career slash line is .533/.303/.615.
The 7’0″ Motiejunas was taken with the 20th overall pick back in the 2011 draft. He has appeared in 108 contests, including 17 as a starter, and has averaged 5.5 PPG and 3.0 RPG. His slash line is .448/.268/.613.
And-Ones: Allen, Thabeet, NBPA
In response to commissioner Adam Silver’s statement that a third of the teams in the league are still losing money, new NBPA head Michele Roberts said, “The NBA’s cries of poverty will not work this time,” Adrian Wojnarowski of Yahoo! Sports writes.”I can say that I was more than surprised,” Roberts told Yahoo Sports. “I am not suggesting that Adam is telling a lie. I am sure that the owners told him that. But it’s difficult for me to believe that, especially after looking at the 2011 CBA negotiations and seeing all the money the players don’t have now. There’s $1.1 billion that the players would’ve been otherwise entitled.”
Here’s more from around the league:
- Mavs owner Mark Cuban left open the possibility that Dallas could add either Ray Allen or Rashard Lewis later on in the season, Eddie Sefko of The Dallas Morning News reports. “We haven’t talked to him, but I think he’s doing it the right way,” Cuban said of Allen. “He’s waiting to see who’s doing well. If it comes down to it, we’d always consider it. We’re always open to improving the team. But you don’t want to mess up a good thing, either. That’s when Caron Butler got hurt and Roddy [Beaubois] got hurt. But Peja Stojakovic is a good example of us adding a veteran in season.” In regards to Lewis, Cuban added, “Rashard Lewis is working out here. We’ve stayed in touch with him and worked with him.”
- Hasheem Thabeet has passed on playing in Europe and instead will play for Grand Rapids in the NBA D-League this season, Marc Stein of ESPN.com reports (Twitter link). It appears that the Pistons, who had waived Thabeet, will retain his D-League rights as franchises can retain the rights of up to four players that they have waived.
- The NBA D-League Draft is scheduled to be held this Saturday and the crew over at DraftExpress ran down the complete list of eligible players.
- The Bucks will keep working toward an extension with Brandon Knight up until Friday’s deadline, David Alarcón of HoopsHype tweets. It’s unclear how far apart the two sides are in their discussions, but in his look at Knight in our extension candidate series, Chuck Myron opined that the two sides could compromise on a four-year, $41MM arrangement similar to what the Sixers gave Jrue Holiday two years ago.
Hawks To Decline Option On John Jenkins
The Hawks intend to decline their fourth-year team option on the rookie scale contract of John Jenkins, Shams Charania of RealGM reports (Twitter link). If Atlanta had exercised the option they would have been on the hook for Jenkins’ 2015/16 salary of $2,228,025, but now he’s set up for unrestricted free agency next summer. The Hawks can still try to re-sign Jenkins, but they won’t be able to offer him more than the amount of his option, and this also would go for any team that acquired him by trade during the 2014/15 season.
Atlanta has approximately $41,215,385 in guaranteed salary on the books for the 2015/16 season, including the $1,763,400 third-year team option for Dennis Schröder which the team had picked up earlier this evening. Jenkins isn’t a big part of the Hawks’ rotation, and the team may feel better served in keeping as much cap space free as possible heading into next summer’s free agency period, when they also will have to make a decision regarding Paul Millsap, whose team-friendly $9.5MM deal expires at season’s end.
In 74 career games since being selected with the 23rd overall pick in the 2012 NBA draft, Jenkins’ numbers are 5.6 PPG, 1.6 RPG, and 0.96 APG. His career slash line is .438/.365/.851.
Pacific Notes: Jordan, Thompson, Ballmer
DeAndre Jordan is set to hit unrestricted free agency this summer, but his comments to Dan Woike of the Orange County Register make it clear that he enjoys playing for coach Doc Rivers, who doubles as president of basketball operations for the Clippers. “Doc, and he knows this, has changed my career from whatever it was to whatever it is now and into whatever it’s going to be,” Jordan said. “I owe him a lot. He gave me a chance without even knowing me as a person or as a player to be on this team and to be a piece. I feel like I owe him a lot for believing in me before we even had one practice or one conversation.”
Here’s more from the Pacific Division:
- Warriors GM Bob Myers expects negotiations to continue into the season regarding Klay Thompson‘s extension, Diamond Leung of The Bay Area News Group writes. With the regular season getting underway Tuesday night, it is to be assumed that Myers was referring to the talks continuing from then up until the 11pm deadline this Friday.
- For his part, Thompson is also willing to continue negotiating with the Warriors up until the deadline, tweets Marcus Thompson of The Bay Area News Group. Klay Thompson has expressed a preference for the security of an extension rather than a one-year deal next summer that would allow him to hit unrestricted free agency in 2016.
- Steve Ballmer has been a breath of fresh air for the Clippers organization in the wake of this summer’s Donald Sterling scandal that led to the former owner’s ouster, as Kevin Ding of Bleacher Report writes in his profile of the franchise’s new owner.
Chuck Myron contributed to this post.
Hawks Pick Up Dennis Schröder’s Option
The Hawks have picked up their third-year team option for Dennis Schröder, according to the RealGM transactions log. Schröder is scheduled to make $1,763,400 during the 2015/16 campaign, and Atlanta now has approximately $41,215,385 in guaranteed salary on the books for that season, including Schröder’s money.
It’s not a surprise that the Hawks would pick up Schröder’s option, despite him not living up to having been the 17th overall selection in the 2013 NBA draft, at least to this point. With Jeff Teague entrenched as the starter, and under contract through 2016/17, Atlanta still hopes that Schröder can develop into a serviceable backup, and potential successor to Teague.
In 50 career games Schröder has averaged 3.7 PPG, 1.2 RPG, and 1.9 APG. His slash line is .383/.238/.667.
Warriors Pick Up Barnes Option, Decline Nedovic
The Warriors have exercised their fourth-year team option for Harrison Barnes, the team has announced in a press release. The team also intends to decline their third-year option for Nemanja Nedovic, the press release noted. With Golden State also picking up their team option for Festus Ezeli earlier today, the Warriors now have an estimated $62MM in guaranteed salary commitments for the 2015/16 season. That figure doesn’t include Klay Thompson, who is currently in talks with the team regarding a contract extension.
The 22-year-old Barnes has appeared in 160 games, including 106 as a starter, in his three seasons in Golden State. He has averaged 9.3 PPG, 4.1 RPG, and 1.3 APG, and his career slash line is .418/.349/.737. Barnes, who was selected with the seventh overall pick in the first round of the 2012 NBA Draft, was a First Team All-Rookie selection in 2012/13.
Nedovic, 23, appeared in 24 games with the Warriors last season as a rookie, averaging 1.1 points in 5.9 minutes per contest. It’s not a surprise that Golden State would decline their option on Nedovic, seeing as he is currently buried on the depth chart as the fourth point guard.