Heat Acquire Iguodala, Crowder In Three-Team Trade
7:10pm: The trade is now official, according to press releases from the Timberwolves, Heat, and Grizzlies. Minnesota became part of the deal by agreeing to acquire Johnson for Gorgui Dieng, as we outlined in a separate story, making it a three-team trade.
11:16am: The Grizzlies and Heat have agreed to a trade that will send Andre Iguodala, Jae Crowder, and Solomon Hill to Miami in exchange for Justise Winslow, Dion Waiters, and James Johnson, reports ESPN’s Adrian Wojnarowski (via Twitter). No draft picks will be included in the deal.
Shams Charania of The Athletic (all Twitter links) first reported that Crowder, Hill, and Waiters would be involved in the trade, which broke last night.
There’s still time for the agreement to be expanded to include the Thunder and Danilo Gallinari, but those talks between Oklahoma City and Miami have “fully stalled,” according to Woj (Twitter link).
The Heat were hoping to fold an acquisition of the veteran forward into the trade, perhaps extending his contract in the process. However, Wojnarowski tweets that the Grizzlies and Heat are focusing on officially finalizing a two-team deal for now, with Miami still unable to reach an agreement for Gallinari.
Barry Jackson of The Miami Herald has heard similar rumblings, tweeting that Crowder and Hill could be re-routed to Oklahoma City if the deal is expanded to include Gallinari, but for now Hill is under the impression he’ll end up in Miami, along with Crowder.
Even if the Heat can’t land Gallinari, they’ll add three veterans capable of playing rotation roles in Iguodala, Crowder, and Hill. Although Iguodala hasn’t appeared in a game at all since being traded from Golden State to Memphis in July, he played key minutes on the Warriors’ championship teams in recent years and will be well-rested for the stretch run.
As we detailed in a previous story, Iguodala and the Heat have reached an agreement on a two-year, $30MM contract extension as part of the trade. The second season of Iguodala’s extension will reportedly be a team option, allowing Miami to retain its financial flexibility to participate in a loaded free agent class in 2021. The Heat are expected to guarantee the second season of Iguodala’s deal for if they miss out on their top free agent targets in ’21, per Wojnarowski (Twitter link).
Crowder and Hill, meanwhile, have helped the Grizzlies exceed expectations and compete for a playoff spot this season. Crowder has started 45 games, averaging 9.9 PPG and 6.2 RPG and playing strong perimeter defense, while Hill has averaged 5.7 PPG with a .381 3PT% in 48 games (18.8 MPG).
The trade will also help the Heat out financially, since they’re sending out more money than they’re taking back. ESPN’s Bobby Marks tweets that Miami is now $3.4MM below its hard cap and reduced its projected tax bill by nearly $3.7MM. That could allow the Heat to be a player in the buyout market, though the team still has a full 15-man roster.
The franchise also cleared a significant amount of salary for 2020/21 in the deal, though Iguodala’s extension cuts into that newfound flexibility a little.
As for the Grizzlies, they’ll take on three pricey multiyear contracts in exchange for their three expiring deals. Having also extended Dillon Brooks on Wednesday, Memphis has gone from having $50MM in projected cap room to likely being over the cap this summer, tweets Jeff Siegel of Early Bird Rights.
Winslow is the prize of the deal for Memphis. The former lottery pick is under contract for $13MM annually through 2021/22, with a team option on the final year. Winslow has flashed tantalizing upside as a ball-handler and defender, but injuries have limited him to just 11 games this season. He’s currently sidelined with a lower back bone bruise.
Johnson and Waiters are on oversized contracts — Johnson is earning $15.35MM this season with a $16.05MM player option for 2020/21, while Waiters is owed $12.1MM this season and $12.65MM next year. Memphis’ willingness to take on those deals signals that the team is willing to roll over its cap room to 2021.
Both Johnson and Waiters have spent much of the season in the doghouse in Miami, but Johnson has at least appeared in 18 games, averaging 5.7 PPG and 2.9 RPG on .448/.356/.571 shooting in 15.6 minutes per contest.
Photos courtesy of USA Today Sports Images.
Warriors Trade Alec Burks, Glenn Robinson III To Sixers
FEBRUARY 6: The trade is now official, according to press releases from the Warriors and Sixers. Philadelphia waived Trey Burke in a corresponding move, as we noted earlier. The team created the other roster opening by sending James Ennis to Orlando.
FEBRUARY 5: The Warriors and Sixers have agreed to a trade that will send Alec Burks and Glenn Robinson III to Philadelphia, reports Shams Charania of The Athletic (Twitter link).
According to Charania (Twitter link), the 76ers will send Golden State a trio of second-round picks in the deal. Those three picks are Dallas’ 2020 second-rounder, Denver’s 2021 second-rounder, and Toronto’s 2022 second-rounder, per ESPN’s Adrian Wojnarowski (Twitter link).
The 76ers have a full 15-man roster, so they’ll have to move a pair of players to accommodate the new additions. They’re working on possible trades to clear those roster spots, but will waive two players at the deadline if necessary, tweets Wojnarowski.
No salary-matching is required in the deal, since both Burks and Robinson are on one-year, minimum-salary contracts and can be taken on using the minimum salary exception.
Sixers general manager Elton Brand had been on the lookout for players who could provide the team with reliable depth and outside shooting, and Burks and Robinson should fit nicely. Both wings have played increased roles for the injury-plagued Warriors this season, with Burks averaging a career-best 16.1 PPG with 3.1 APG and a .375 3PT% in 48 games (29.0 MPG), while Robinson has put up a career-high 12.9 PPG and 4.7 RPG on .481/.400/.851 shooting in 48 games (31.6 MPG).
Philadelphia didn’t have expendable players on mid-level-type salaries to make a run at higher-priced trade candidates, so the team made use of its cache of second-round selections to acquire a pair of low-cost veterans. Even after surrendering three future picks in this deal, the Sixers still control a handful of valuable second-round selections, including the Hawks’ and Knicks’ 2020 second-rounders.
As for the Warriors, they’ve rebuilt their own collection of future draft picks in recent weeks, having now acquired a total of four second-rounders for role players Burks, Robinson, and Willie Cauley-Stein. The moves have also helped Golden State inch closer to the tax line for the 2019/20 season.
As Jeff Siegel of Early Bird Rights details (Twitter link), the Dubs are still slightly over the luxury tax threshold, and will move further into tax territory once they sign replacement players. But they’re at the point where they’ve greatly reduced their projected end-of-season bill and could even sneak out of the tax if they move another player or two on Thursday.
The Warriors will have just 11 players under contract once this trade goes through. The team will have to sign at least one player by Saturday, according to Anthony Slater of The Athletic (Twitter link), who suggests Marquese Chriss is a strong candidate to be promoted to the 15-man roster. Golden State will subsequently have to add two more players to get to the NBA-mandated minimum of 14 later this month.
Photo courtesy of USA Today Sports Images.
Blazers Trade Skal Labissiere, Cash To Hawks
5:18pm: The Hawks have officially announced the acquisition of Labissiere and cash. They traded their 2024 second-round pick (top-55 protected) in the swap, according to a press release. Meanwhile, Hollinger clarifies (via Twitter) that the exact amount of cash headed to Atlanta is $1,759,795.
12:40pm: The Hawks are accommodating another minor salary dump, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that the Trail Blazers are sending big man Skal Labissiere and cash to Atlanta. The Hawks will also receive $1.9MM in cash from Portland to take Labissiere off its hands, John Hollinger of The Athletic tweets.
The Blazers will receive token consideration from Atlanta to legally execute the deal, likely a top-55 protected second round pick, Hollinger adds.
Atlanta is creating two roster spots this week. The Hawks are shipping out Alex Len and Jabari Parker to Sacramento while agreeing to re-acquire center Dewayne Dedmon and also waived Nene after acquiring the veteran big man from Houston as part of a four-team deal.
Labissiere has appeared in 33 games with Portland this season, averaging 5.8 PPG and 5.1 RPG in 17.2 MPG. He hasn’t played since December 28 due to a left knee articular cartilage lesion but the Hawks plan to keep the 23-year-old power forward, according to Chris Kirschner of The Athletic (Twitter link).
The deal will shave $3.8MM off Portland’s luxury tax bill, Bobby Marks of ESPN tweets. The tax bill is now down to $5.9MM while also opening up a roster spot, Marks adds.
The Hawks agreed to a similar acquisition with the Clippers on Tuesday involving guard Derrick Walton. Atlanta essentially rented out cap space to execute these types of moves before making the Dedmon trade official.
Warriors Trade D’Angelo Russell To Timberwolves
The Warriors have officially traded star guard D’Angelo Russell to the Timberwolves, the teams announced in a pair of press releases. Minnesota has also acquired big man Omari Spellman and guard Jacob Evans along with Russell.
In exchange, Golden State receives swingman Andrew Wiggins, a protected 2021 first-round pick, and a 2021 second-round pick. The 2021 first-rounder headed to Golden State will be Minnesota’s own top-three protected pick. It would become unprotected in 2022 if it doesn’t convey next year.
The Wolves’ acquisition of Russell represents the culmination of a pursuit that dates back at least to the 2019 free agent period, when the team made D-Lo its top target and offered him a lucrative four-year contract. Minnesota had hoped to pair the All-Star guard with his good friend Karl-Anthony Towns, but were passed over when the Warriors swooped in with a four-year, max-salary offer. Seven months later, Timberwolves president of basketball operations Gersson Rosas got his man.
The blockbuster deal comes at a good time for the Wolves, who have struggled mightily since their 10-8 start, and for Towns, who – after Wednesday’s game – publicly expressed his frustration with all that losing. Towns was also believed to be disappointed by the departure of Robert Covington, who was one of his best friends on the team, so Minnesota will hope that the arrival of Russell can help rejuvenate the big man’s enthusiasm — and get the Wolves a few more wins down the stretch.
The Timberwolves will now enter the summer with a pair of 24-year-old cornerstones on long-term contracts, as Russell is locked up through 2023 and Towns through 2024. They also still have their own 2020 first-round pick, as well as Brooklyn’s lottery-protected first-rounder. So they’ll have the opportunity to bring in a pair of promising prospects or use those picks in trades to further upgrade the roster.
The deal does put the Wolves slightly into tax territory, ESPN’s Bobby Marks reports (via Twitter), so another move could be forthcoming.
Meanwhile, it’s a fascinating pivot for the Warriors, who were said to be seeking a first-round selection in 2021 rather than 2020, since next year’s draft class is expected to be stronger than this year’s. The Wolves reportedly put their own 2020 protected pick and Brooklyn’s lottery-protected pick on the table in a previous offer, but it appears Golden State was willing to accept just a single first-rounder now that it’s a lightly-protected 2021 pick.
Besides the first-round pick and accompanying second-rounder, the Warriors get two things out of the deal: The first is Wiggins, whose max-salary contract had been widely considered a negative. According to Anthony Slater of The Athletic (Twitter link), however, there’s a contingent within the Warriors who believe that Wiggins is a “salvageable project.” Slater believes the deal will ultimately be judged on whether Golden State can turn Wiggins into the team’s long-term starting small forward or eventually flip him for positive value.
The second perk for the Warriors is that the deal should allow them to sneak out of the tax for this season, which will help them avoid current and future repeater penalties. Marks tweets that the team will be $3.1MM below the tax threshold and should be able to stay below that line even after filling out its roster. Golden State will have six open roster spots, necessitating at least five eventual additions, but the club will be able to stagger those signings to some extent.
ESPN’s Adrian Wojnarowski first broke the news and reported the terms of the trade (all Twitter links).
Photo courtesy of USA Today Sports Images.
James Dolan: I’m Not Selling Knicks
In the wake of Thursday morning reports indicating Leon Rose is expected to become the Knicks‘ next president of basketball operations, team owner James Dolan issued a statement this afternoon addressing the club’s front office search.
“We are actively looking for a new President of the New York Knicks and hope to conclude the search as quickly as possible,” Dolan said. “I am not selling, but I am determined to find the right leader for the Knicks who will ensure the long-term success of the team, just as we did with the hiring of Rangers President John Davidson.”
Dolan’s statement doesn’t mean the Knicks aren’t locked in on Rose. As Marc Berman of The New York Post tweets, it will take some time for Rose to get decertified as an agent and complete all the steps necessary for the Knicks to officially bring him aboard. He’s still on track to the run the front office — it’s just not official yet.
The more interesting part of Dolan’s statement may be the brief mention of how he’s “not selling” the team. There have been no reports circulating lately suggesting he was considering such a move, so it seems to be a response to the recent chants at Madison Square Garden. Knicks fans chanted, “Sell the team!” at Dolan near the end of a blowout loss to the Grizzlies last week.
When the Knicks removed Steve Mills from the president of basketball operations role earlier in the week, there was speculation that the serenade from fans may have played a part in Dolan’s decision to move forward with front office changes. Today’s statement doesn’t necessarily confirm that, but it seems to suggest Dolan hasn’t just brushed off those chants.
Clippers Won’t Retain Isaiah Thomas
The Clippers won’t be keeping Isaiah Thomas after acquiring him in today’s three-team deal with the Wizards and Knicks, reports David Aldridge of The Athletic (Twitter link). Since the deadline has now passed, we can assume that means Los Angeles will be releasing Thomas once the trade is officially complete.
Thomas, who will turn 31 on Friday, started 37 games this season for the Wizards and has had a nice bounceback year, averaging 12.2 PPG and 3.7 APG with a .409/.413/.816 shooting line in 23.1 minutes per contest. He has been a liability on defense, however — Washington recorded a dismal 120.2 defensive rating during his minutes.
Waiving Thomas would open up a second spot on the roster, since the club also traded point guard Derrick Walton to Atlanta today. Los Angeles may be targeting specific players on the buyout market – including comeback candidate Darren Collison – for those roster openings.
Assuming Thomas is cut today, teams around the NBA will have an opportunity to claim him off waivers this weekend. Since he’s on a minimum-salary deal, no cap room or trade exception would be required to place a claim.
Trade Deadline Notes: Bucks, Raptors, C’s, Heat, Thunder, More
The 2:00pm CT trade deadline has now passed, but word of last-minute deals can sometimes trickle in after the buzzer. That won’t be the case for the Raptors and Bucks though, according to ESPN’s Zach Lowe, who reports (via Twitter) that the Eastern Conference’s top two teams didn’t make a move today.
Here are more deadline updates:
- It was a fairly quiet deadline for many of the top Eastern teams. The Celtics didn’t make a trade either, per Adam Himmelsbach of The Boston Globe (Twitter link). And the Pacers also stood pat, tweets ESPN’s Adrian Wojnarowski.
- The Heat were active earlier in the day, finalizing a trade to acquire Andre Iguodala. However, the team didn’t expand that deal to include Thunder forward Danilo Gallinari, Barry Jackson of The Miami Herald confirms (via Twitter). As Anthony Chiang of The Miami Herald explains (via Twitter), the Heat’s extension talks with Gallinari were more of a hang-up than the trade talks with the Thunder, given Miami’s desire to keep its cap clear for 2021.
- The Thunder, having held onto Gallinari, didn’t make any deadline deals, tweets Wojnarowski.
- The Jazz stood pat today as well, tweets Andy Larsen of The Salt Lake Tribune. So did the Spurs, says Chris Haynes of Yahoo Sports (via Twitter).
Wolves, Grizzlies Swap James Johnson, Gorgui Dieng
UPDATE: This trade is now official. See this story for more details.
The Timberwolves and Grizzlies have agreed to a trade that will send forward James Johnson to Minnesota and big man Gorgui Dieng to Memphis, according to Jon Krawczynski of The Athletic (Twitter link).
Johnson is technically still a member of the Heat but is being traded to Memphis in the six-player Andre Iguodala trade. The Dieng deal with the Wolves may be folded into that transaction to make it a three-team trade, tweets ESPN’s Adrian Wojnarowski.
As Chris Herrington of The Daily Memphian observes (via Twitter), swapping Johnson for Dieng will add a little more salary to Memphis’ books this season and next year, but the Grizzlies view the big man as a better fit on their depth chart.
Dieng, who is under contract for $16.23MM in 2019/20 and $17.29MM in 2020/21, has averaged 7.4 PPG and 5.6 RPG in 46 games (16.9 MPG). He was particularly effective during Karl-Anthony Towns‘ injury absence, posting 12.9 PPG and 8.9 RPG on .463/.409/.806 shooting in 15 starts during that time.
Johnson is making approximately $15.34MM this season and holds a $16MM option for next season. By trimming more payroll, the Tiimberwolves will be just $1.1MM above the luxury tax line with this move, Bobby Marks of ESPN tweets.
Both teams have been extremely active prior to the deadline, as Minnesota was also part of four-team blockbuster that landed it D’Angelo Russell.
Hawks Acquire, Waive Derrick Walton Jr.
5:06pm: The Hawks have officially confirmed their acquisition of Walton, announcing in the same press release that he has been waived. Atlanta sent its 2022 second-round pick (top-55 protected) to the Clippers in the deal. The exact amount of cash the Hawks received is $1,313,576, tweets Hollinger.
12:24pm: The Clippers and Hawks have reached a trade agreement to send Derrick Walton Jr. to Atlanta, league sources tell ESPN’s Adrian Wojnarowski (Twitter link).
The Clippers are sending $1.3MM in cash to Atlanta in the deal and will receive a top-55 protected second-round pick from the Hawks, tweets John Hollinger of The Athletic.
The minor move will open up a roster spot for the Clippers and create a modest trade exception worth Walton’s $1,445,697 salary. It also gives them a little more breathing room below the tax line, as Jovan Buha of The Athletic observes (via Twitter).
The Clippers have been linked to a handful of trade candidates leading up to the trade deadline and could be active on the buyout market as well, so that extra roster spot figures to come in handy.
According to Chris Kirschner of The Athletic (Twitter link), the Hawks aren’t planning to keep Walton. The 24-year-old guard has appeared in just 23 games, averaging 2.2 PPG in 9.7 MPG for the Clippers this season.
A year ago, the Hawks accommodate a Jabari Bird salary dump on deadline day in order to acquire cash from Boston, then waived Bird. This is a similar maneuver, as Atlanta will make some money in exchange for allowing the Clippers to open a roster spot — the Hawks will only have to pay the prorated portion left on Walton’s salary.
Knicks Plan To Hire Leon Rose As Head Of Basketball Operations
The Knicks and CAA player agent Leon Rose are nearing a deal that would make him the team’s new head of basketball operations, league sources tell Shams Charania of The Athletic (Twitter link).
ESPN’s Adrian Wojnarowski, who reported with Ramona Shelburne that Rose had become a top target for the Knicks, confirms that the team plans to hire the veteran agent as its next president (Twitter links). Ian Begley of SNY.tv first reported (via Twitter) that the Knicks had interest in Rose.
As Wojnarowski details (via Twitter), Rose has been one of the NBA’s top agents for years and has a star-studded list of clients that includes Joel Embiid, Chris Paul, Devin Booker, and Karl-Anthony Towns. The Knicks have plenty of experience dealing with Rose, as he also represents Carmelo Anthony.
Rose is expected to assume control of a front office that was previously run by Steve Mills, who was dismissed from his position as president of basketball operations earlier this week.
General manager Scott Perry took over as the top man in New York’s front office on an interim basis following Mills’ ouster, and he appears to be running the show for today’s trade deadline. He and the Knicks have a mutual option for 2020/21, meaning both sides would have to pick up that option for Perry to remain with the team, so we’ll see how that situation plays out. Newsday’s Steve Popper (Twitter link) hears that Perry is not expected to stay on under the new regime.
William Wesley, better known as “World Wide Wes,” is a strong candidate to join the Knicks’ front office under Rose, a source tells Begley (Twitter link). Wes, who is well-connected with players around the NBA, is a CAA consultant and has a strong relationship with Rose, according to Begley.
After firing Mills, the Knicks were immediately linked to Raptors president of basketball operations Masai Ujiri, who has long been considered New York’s dream candidate. However, given how quickly New York moved forward on its front office search, it seems as if Ujiri wasn’t a serious option, despite rumblings that he might have interest in the job.
Begley had reported this morning (via Twitter) that there was “serious pessimism” surrounding the Knicks’ pursuit of Ujiri, in part due to the compensation that would have been required to get him out of his Raptors contract. With the Knicks moving in another direction, fans in Toronto can rest easy.
Before deciding on Rose, the Knicks were said to be considering a handful of other player agents as they look to emulate a model that has succeeded for the Warriors and Lakers, who hired former agents Bob Myers and Rob Pelinka, respectively.
Austin Brown and Roger Montgomery were among the agents reportedly receiving consideration from the Knicks, along with B.J. Armstrong, as Stefan Bondy of The New York Daily News reported this morning (via Twitter).
Once Rose is officially hired by the Knicks, one of his first tasks this spring will be making a decision on the team’s head coach. Mike Miller has held that position on an interim basis since replacing David Fizdale earlier in the season.