Heat Sign Luol Deng
TUESDAY, 4:44pm: The deal is official, the team announced via press release.
“Signing Luol Deng is one of the most important free agent signings that we have ever had in the history of the franchise,” team president Pat Riley said in the statement. “He is a proven All-Star and quintessential team player, both as a scorer, as well as an All-NBA defender. He brings the attitude of a warrior and competes every single night against the very, very best. We are thrilled to welcome him to the Heat family.”
SUNDAY, 1:36pm: The Heat are set to sign Luol Deng, tweets Shams Charania of RealGM. It’s a two-year, $20MM deal and includes a player option on year two, according to Adrian Wojnarowski of Yahoo Sports (on Twitter).
Deng will now help the Heat kick off of a brand new era that they hoped they would never have to see. Fortunately for Miami, even though LeBron James is returning to Cleveland, Chris Bosh will be sticking around on a max deal and it sounds as though Dwyane Wade and Udonis Haslem will be re-signing as well. Miami may not be world beaters this season, but they at least have some continuity and a good chance at returning to the postseason.
This morning it was reported that Pat Riley & Co. were in the lead for the small forward with the Mavericks, Suns, and Hawks also in the mix. The Ron Shade client was said to have been turning down offers that had an average annual value of $10MM, but he either couldn’t drum up a better deal or took a little less to enjoy one of the NBA’s most beautiful cities. Regardless of how it came together, it’s a good value for the Heat when considering the contracts given to Gordon Hayward and Chandler Parsons this offseason.
For his career, Deng has averaged 16.0 PPG, 6.3 RPG, and 2.5 APG over ten NBA seasons.
Photo courtesy of USA Today Sports Images.
Pistons Sign D.J. Augustin
TUESDAY, 3:18pm: The Pistons formally announced the deal today, making it official.
SUNDAY, 7:52pm: The Pistons have agreed to sign D.J. Augustin to a two-year, $6MM deal, a source tells David Aldridge of NBA.com (on Twitter).
The Hornets and the Mavericks were also showing interest in the guard but Detroit has come away with his services. Augustin spent last season with the Raptors and Bulls, averaging a combined 13.1 PPG and 4.4 APG in 27.3 minutes per contest. For his career, Augustin owns averages of 10.1 PPG and 4.0 APG with a 14.3 PER.
Pistons Sign Caron Butler
TUESDAY, 3:16pm: The deal is official, the team announced.
SUNDAY, 9:27pm: It’s a two-year deal worth $9MM, according to Gery Woelfel of the Journal Times (on Twitter).
8:48pm: The Pistons will sign Caron Butler to a two-year deal with a club option on year two, according to Vincent Goodwill of the Detroit Free Press (on Twitter). Marc Stein of ESPN.com (on Twitter) first reported that the two sides were on the brink of agreement.
The swingman spent the home stretch of the 2013/14 season with the Thunder after being waived by the Bucks in late February. The 34-year-old averaged 10.5 PPG and 4.1 RPG in 56 games for Milwaukee and OKC last season. For his career, Butler has averages of 15.1 PPG and 5.3 RPG with two All-Star selections.
Rockets, Pelicans, Wizards Swap Ariza, Asik, Ely
2:19pm: The deal is official, the Pelicans have announced. New Orleans is folding Scotty Hopson into the trade after acquiring him over the weekend, marking the third trade for Hopson’s non-guaranteed contract in less than a week. So, It’s Asik, Casspi and $1.5MM to the Pelicans, Ariza, Gee, Hopson and a protected 2015 first-round pick to the Rockets, and Ely to the Wizards.
TUESDAY, 10:23am: The NBA has given its approval for the trade, and a formal announcement is forthcoming, according to John Reid of The Times Picayune (Twitter link).
SUNDAY, 7:55pm: Ely will not be retained by the Wizards, tweets J. Michael of CSNWashington.com.
5:59pm: Ariza will go to Houston on a three-way deal, according to David Aldridge of NBA.com (on Twitter). The Pelicans will get Omer Asik, Omri Casspi, and $1.5MM from the Rockets. Houston will get Ariza from Washington, Alonzo Gee, and a protected 2015 first-round choice from New Orleans. The Wizards will take on the non-guaranteed contract of Melvin Ely from New Orleans while receiving a $8.5MM trade exception (link).
Of course, Asik was already headed to the Pelicans in exchange for the 2015 first-rounder. Now, the deal has been expanded to help facilitate the Ariza sign-and-trade. Gee, meanwhile, has now been traded twice inside of a week.
5:08pm: The Rockets will acquire Trevor Ariza in a sign-and-trade deal with the Wizards, according to Adrian Wojnarowski of Yahoo Sports (on Twitter). The Wizards will get a $8.5MM trade exception by making the deal, but it’s not clear what they’ll be sending to Houston in the trade.
The Rockets and Ariza agreed on a four-year, $32MM deal yesterday. A number of teams were rumored to be interested in the sharpshooter’s services, but the Rockets came out on top. Ariza will try and help fill the void at small forward for Houston now that Chandler Parsons is Dallas-bound.
Ariza’s contract is structured on a declining scale, according to Sam Amick of USA Today. He will earn $8.6MM this season, and $8.2MM, $7.8MM, $7.4MM, in the following years. Ariza could have served as a stretch four alongside Dwight Howard if Parsons was retained, but he’ll now line up at his natural position.
In 77 games with the Wizards last season, the Rob Pelinka client averaged 14.4 points and 6.2 rebounds per night. He shot 40.7% from beyond the arc, well above his career mark of 34.7%. Ariza, 29, played in Houston during the 2009/10 season.
While Ariza is a nice addition, it goes without saying that this wasn’t the summer the Rockets had in mind.
Spurs Re-Sign Boris Diaw
JULY 15TH: The deal is official, the Spurs announced via press release.
JULY 6TH: Spurs forward Boris Diaw announced on Twitter that he’ll be re-signing with the Spurs. It’s a three-year, $22.5MM deal, according to Adrian Wojnarowski of Yahoo Sports.
The 32-year-old was a key part of the Spurs’ championship team and his return was considered a vital part of management’s plan to compete for a sixth franchise title next season. The third year of Diaw’s deal is partially guaranteed, according to sources. Diaw is guaranteed $15.5MM over the first two years of the deal.
Spurs GM R.C. Buford and Diaw’s agent Doug Neustadt completed the deal earlier today. With Diaw’s return set, the Spurs will continue their pursuit of free agent Pau Gasol with an offer of their midlevel exception, league sources tell Wojnarowski.
The deal includes protections for the Spurs’ salary-cap space should the organization change direction in the next few years and move toward a rebuild. In his 11 NBA seasons with Atlanta, Phoenix, Charlotte and San Antonio, Diaw has averaged 9.1 points, 4.7 rebounds and 3.7 assists per game.
Magic Sign Channing Frye
JULY 14TH: The deal is official, the team announced via press release
“Channing’s character, competiveness, veteran experience, and leadership ability are valuable additions to our developing team,” Magic GM Rob Hennigan said in the team’s statement. “His ability to stretch the floor and play sound team defense are also ways in which we envision Channing helping our team moving forward.”
JULY 9TH, 9:35pm Frye’s deal will be front-loaded and team-friendly in its latter years, a source with knowledge of the agreement tells Joshua Robbins of The Orlando Sentinel. The deal will see decreases of 4.5% each season–the most allowable under the CBA–which projects to salaries of $8,560,707, $8,175,476, $7,807,579, and $7,456,238 for each year.
JULY 7TH, 5:04pm: The Magic have reached agreement on a deal with Channing Frye, according to Adrian Wojnarowski of Yahoo Sports (Twitter link). The deal will be for four years and $32MM (link).
While Frye has been garnering interest from around the league, the Magic weren’t seen as a likely destination and weren’t really mentioned as a possibility. The incumbent Suns wanted to re-sign him, the Warriors and Cavs were ready and waiting when Frye opted out of his deal with Phoenix, and there was mutual interest between the big man and the Blazers.
The 31-year-old missed all of 2012/13 with an enlarged heart but wound up playing and starting in all 82 of the Suns’ regular season games last season. Frye averaged 11.1 PPG with 5.1 RPG and 0.8 BPG in 28.2 minutes per contest. He’s had slightly better marks in those categories and in PER, but he was nonetheless a bright spot for the Suns last season.
In a league that is falling more and more in love with the idea of a stretch four every day, Frye is a hot commodity. The 6-foot-11 can consistently connect from the outside and owns a career 38.5% mark on three-pointers.
Orlando has upgraded their power forward situation in a big way this offseason. Frye will presumably be the starter with No. 4 overall pick Aaron Gordon in reserve.
Heat Re-Sign Mario Chalmers
MONDAY, 2:00pm: The deal is official, the Heat announced.
“It’s great to have Mario back,” team president Pat Riley said in the team’s statement. “We’re happy that he wants to continue his career in Miami, he’s one of our core players, and I believe he will have a great season.”
SUNDAY, 10:50pm: It’s a two-year, $8MM+ deal, according to ESPN.com’s Marc Stein (via Twitter).
5:11pm: The Heat will re-sign Mario Chalmers to a two-year deal, tweets Marc Stein of ESPN.com. Terms of the deal are not yet known for the Sam Goldfeder client.
LeBron James, who affectionately referred to Chalmers as “‘Rio”, is gone, but the Heat appear to be on their way to keeping the rest of their core in place. Chalmers is back on a two-year deal, Bosh will re-sign on a max deal, and Dwyane Wade and Udonis Haslem are close to new contracts in Miami.
The Heat were said to be considering sign-and-trade possibilities for Chalmers last week. The 28-year-old struggled mightily in the playoffs, averaging only 6.4 points per contest, and was benched for the team’s final postseason game. It was the first time he didn’t start for the Heat in the past three seasons, and he recorded a career-high 14.0 PER this past year during the regular season. He tied his career mark with 4.9 assists per game, and his 9.8 PPG approached his best, too.
Western Notes: Gasol, Love, Mavs, Deng
The Lakers have officially renounced the rights to Pau Gasol along with an entertaining list of long-retired players, according to Mark Deeks of ShamSports (via Twitter). Prepare for a stroll down memory lane. The Lakers renounced the rights to Horace Grant, Ron Harper, Jim Jackson, Karl Malone, Ira Newble, Theo Ratliff, Mitch Richmond, John Salley, Brian Shaw, Joe Smith, and Shammond Williams. The Lakers had to drop the rights to those players in order to help make the Jeremy Lin trade possible. For more on cap holds, check out our cap holds entry in the Hoops Rumors Glossary. More out of the West..
- The main holdup in the Kevin Love talks between the Wolves and Warriors is obviously Klay Thompson, but there’s more to it, as Tim Kawakami of the Mercury News explains. The Wolves don’t regard David Lee and Harrison Barnes as highly as Golden State does, thanks to Lee’s hefty contract and Barnes’ down season in 2013/14.
- Lakers GM Mitch Kupchak told reporters, including Bill Oram of the Orange County Register, that he wasn’t banking on landing Carmelo Anthony this summer. “We always felt like it was a longshot,” Kupchak said. “We gave it our best shot and we’re happy to accomplish what we did and we still have more work to do.”
- Lance Stephenson could prove to be this summer’s Monta Ellis for the Mavericks, tweets Jeff Caplan of NBA.com. The Mavs weren’t necessarily high on Ellis last summer but he fell to them at a great price after everyone else passed.
- The Cavaliers’ re-signing of James complicated Deng’s situation, as sign-and-trade options that could have led to a bigger payday for him were no longer available and James’ decision to sign a two-year deal set a new precedent on the market that came into play, writes Sam Amick of USA Today. The Mavericks‘ preference to go after Stephenson if they can’t land Chandler Parsons also limited Deng’s options.
Hoops Rumors Originals
A look back at the original analysis generated by the Hoops Rumors staff this week..
- Chuck Myron gave us his 2014 Amnesty Primer.
- Chuck explained the hidden value of Brendan Haywood‘s contract.
- If you missed out on this week’s chat get caught up here.
Eastern Notes: 76ers, KG, Knicks, Pacers
The 76ers are wise to try and emulate the Spurs, writes Keith Pompey of the Philadelphia Inquirer. Like the Spurs, the Sixers are putting emphasis on continuity, as evidenced by their commitment to reigning Rookie of the Year Michael Carter-Williams amidst trade speculation. Of course, they also have a Gregg Popovich disciple in coach Brett Brown. Here’s tonight’s look at the Eastern Conference..
- Despite the loss of Paul Pierce, Chris Broussard of ESPN.com (on Twitter) hears that Kevin Garnett likes the direction of the Nets and is “excited” about joining them for the upcoming season. That would indicate that Garnett, who is under contract for $12MM this season, won’t be retiring. That jibes with a report from Tim Bontemps of the New York Post earlier today.
- Knicks president Phil Jackson indicated to reporters today that he won’t be spending much more this summer after re-signing Carmelo Anthony, writes Al Iannazzone of Newsday.
- Despite all of his idiosyncrasies, Paul George believes the Pacers will be a stronger title contender with Lance Stephenson back in the fold, writes Michael Marot of The Associated Press. “It’s all on Lance’s plate,” George said. “I didn’t have to deal with this because I was a restricted free agent. It’s really up to Lance, but I will say I do want him to come back.”