Chandler Parsons To Join Mavericks
8:00pm: Sign-and-trade talks between the two sides have ended without a deal, sources tell Marc Stein of ESPN.com (on Twitter).
6:25pm: The Rockets and Mavericks have expressed a willingness to try and hammer out a sign-and-trade deal, but it’s not clear if the league will allow them to do so, tweets Marc Stein of ESPN.com.
4:59pm: The Rockets have decided not to match the offer sheet Chandler Parsons signed with the Mavericks, tweets Jonathan Feigen of the Houston Chronicle. Parsons will now earn more than $46,084,500 over the next three seasons with Dallas, a figure slightly less than the maximum he could have received in an offer sheet over that timeframe.
The Rockets were hoping to land free agent Chris Bosh and also match the Mavs’ offer sheet for Parsons. However, when Bosh surprised Houston by returning to Miami, the Rockets decided to spend their money elsewhere.
Parsons will earn $14.7MM next season, $15.36MM in 2015/16 and $16.02MM in 2016/17 for a total of $46.08MM over three years. The third and final year of the deal includes a player option.
Houston chose to decline the extremely reasonable $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.
Hoops Links: Pelicans, Bucks, Pierce
On this date in 2000, Mike Jones scored 19 points, and Rasul Salahuddin and Wayman Strickland each added 16 to lead the NBA Ambassadors to a 103-68 victory over China’s CBA All-Stars in the decisive third game of the Asian Basketball Association League championship series. The NBA Ambassadors represented the NBA’s new D-League, which formally kicked off in November 2001.
Got a great basketball blog post that you want to see featured on Hoops Rumors? Send it to Zach at HoopsLinks@gmail.com. Here’s this week’s look around the basketball blogosphere…
- Sports Injury Alert says the Pelicans need some better luck in the health department.
- The Daily Dribble gives us their all-time starting five for the Bucks.
- Red Rock Basketball looks at the fantasy impact Paul Pierce could have on the Wizards.
- The Starting Five pictures LeBron James as a hired gun.
- Six Championship Drive reviewed day one of the Orlando Summer League.
- Fully Clips reviews Jordan Farmar‘s injury history.
Please send submissions for Hoops Links to Zach at HoopsLinks@gmail.com.
Lakers Sign Julius Randle
3:47pm: The signing is official, the team announced.
3:09pm: The Lakers have signed top pick Julius Randle, according to Bill Oram of the Orange Country Register (on Twitter). He’ll likely receive more than $2.997MM this season, as our chart of salaries for 2014 first-round picks shows.
The Lakers got a bit of good news earlier this month when they learned that Randle won’t require surgery on his right foot. The big man, who was once in consideration for the No. 1 pick, could prove to be a tremendous value for the Lakers, who selected him at No. 7.
In his one year at Kentucky, Randle averaged 15.0 PPG and 10.4 RPG with 0.8 blocks per contest in 30.8 minutes a game.
Week In Review: 6/7/14 – 6/13/14
LeBron James is going home. After a season full of speculation, the best player in the game is heading back to where it all started with the Cavs. James will get a max salary deal from Cleveland and says that he’s prepared to be the “old head” for the young Cavs squad. More from the week that was..
- Carmelo Anthony was choosing between the Knicks and Bulls but he’ll be staying put in New York. On his website, ‘Melo wrote: “This organization has supported me and in return, I want to stay and build here with this city and my team.”
- It seemed like Chris Bosh was headed to Houston, but he’ll be re-signing with the Heat.
- The Heat are also close to re-signing Dwyane Wade and Udonis Haslem.
- There were a number of contenders in the mix for Pau Gasol but he’ll be joining up with the Bulls.
- The Rockets are sending Jeremy Lin to the Lakers.
- The Rockets will sign Trevor Ariza.
- The Nets, Cavs, and Celtics completed a three-way deal which sent Marcus Thornton to the C’s, Jarrett Jack to the Nets, and gave Cleveland the cap room necessary to sign LeBron.
- The Mavs got Chandler Parsons to sign a three-year offer sheet but it appears that the Rockets will match.
- The Cavs want to swing a deal for Kevin Love.
- Paul Pierce agreed to sign with the Wizards.
- The Hornets signed Gordon Hayward to an offer sheet but he’ll wind up staying in Utah.
- The Suns got Isaiah Thomas off of a sign-and-trade with the Kings.
- The Suns re-signed P.J. Tucker.
- Mike Miller was nearing a deal with the Nuggets but it now appears that the Cavs are in the lead.
- The Mavs were nearing a deal with Vince Carter but he signed with the Grizzlies.
- Nick Young (a.k.a. Swaggy P) will stay with the Lakers.
- The Cavs traded Alonzo Gee to the Pelicans.
- LaMarcus Aldridge will seek a new deal next summer.
- The Heat were said to be the frontrunners for Luol Deng and they wound up signing him earlier today.
- The Grizzlies will re-sign Beno Udrih.
- The Magic surprised everyone when they agreed to sign Channing Frye.
- The Blazers will sign Steve Blake.
- The Heat signed Josh McRoberts.
- Jusuf Nurkic will join the Nuggets this season.
- James Johnson will sign a two-year deal with Toronto.
- Miami explored the possibility of sending Mario Chalmers out in a sign-and-trade to add more talent.
- The Bulls and Nikola Mirotic are close to a deal.
- The Cavs are recruiting Ray Allen but he’s thinking about retirement.
- The Raptors will re-sign Greivis Vasquez.
- The Lakers will re-sign Jordan Hill.
- The Rockets are nearing a new deal with Troy Daniels.
- The Hornets landed Marvin Williams.
- The Raptors waived Julyan Stone.
- The Knicks signed Cole Aldrich and waived Lamar Odom.
- Kent Bazemore will sign with the Hawks.
- Anthony Morrow agreed to join the Thunder.
- The Knicks and Sixers discussed Amare Stoudemire.
- The Pistons reached agreement with Aaron Gray.
- The Bulls will send Greg Smith to the Mavs.
- The Spurs agreed to sign Gregg Popovich to an extension.
- The NBA set the salary cap and luxury tax line.
- The Hawks waived John Salmons.
- The Bucks signed Jabari Parker.
- The Jazz signed Dante Exum.
- The Kings signed Nik Stauskas.
- The Jazz signed Rodney Hood.
- The Wolves signed Zach LaVine.
- The Grizzlies signed Jordan Adams.
- The Nuggets signed No. 19 pick Gary Harris.
- The Spurs agreed to sign Kyle Anderson.
- The Hornets acquired Scotty Hopson.
- The Clippers inked C.J. Wilcox.
- The Raptors signed Bruno Cabocio.
- The Celtics inked their first-round picks.
- Suns first-round pick Bogdan Bogdanovic has signed with Fenerbahce Ulker of Turkey.
- The Nets are close to a deal with Bojan Bogdanovic.
- The Pelicans and Russ Smith agreed to a guaranteed deal.
- Nando De Colo is heading to Russia.
- The Donald Sterling circus continues.
- The Grizzlies will invite Scottie Wilbekin and Okaro White to training camp.
Spurs Re-Sign Patty Mills
JULY 12TH, 11:37am: The signing is official, per a team release.
7:01pm: The deal is worth about $12MM over three years, tweets Marc Stein of ESPN.com.
JULY 2ND, 6:18pm: The Spurs and Patty Mills have reached agreement on a three-year contract, according to Buck Harvey of the San Antonio Express-News (on Twitter). Mills, as we learned last night, could be out of action for up to seven months thanks to a shoulder injury. Financial terms of the deal are not yet known.
In the wake of the injury news, Marc Stein of ESPN.com reported that a re-signing was likely for the Aussie guard. In a career-high 81 games this past season, Mills averaged 10.2 PPG and 2.1 RPG with a PER of 18.7. Mills proved to be especially vital in the postseason, including a 17 point performance (with five three pointers) in the deciding Game 5 of the Finals.
Pacers Re-Sign Lavoy Allen
JULY 11TH: The signing is official, the team announced via press release.
“We’re very happy to have Lavoy back,” Pacers president of basketball operations Larry Bird said. “When he had the opportunity to play, he played well. He fits in with what we’re trying to accomplish here and every day he’s committed to getting better.”
JULY 5TH: The Pacers have reached a deal with Lavoy Allen to keep him in Indiana, tweets Chris Broussard of ESPN.com. The two sides reached agreement late last night, according to Candace Buckner of The Star (on Twitter).
The Pacers declined to extend a qualifying offer to Allen on June 30th, but there was still mutual interest in working out a new deal. Less than a week later, the forward found his way back to the Pacers. Allen came to the Pacers in the February deal that brought Evan Turner to Indiana.
In 65 games for the Sixers and Pacers last season, Allen averaged 4.7 PPG and 4.8 RPG in 16.5 minutes per contest.
Warriors Sign Shaun Livingston
JULY 11TH: The signing is official, the Warriors announce via press release.
“We are very happy that Shaun made the decision to join our team,” Warriors GM Bob Myers said. “He is a veteran player who, we believe, adds a lot to our roster with his versatility. He possesses the size and skills to play both backcourt positions, which will provide Coach Kerr with added depth and options throughout the season.”
JULY 1ST: The Warriors have reached agreement on a deal with free agent point guard Shaun Livingston, league sources tell Adrian Wojnarowski of Yahoo Sports (via Twitter). It’ll be a three-year deal with a partial guarantee in the final season of the contract, Wojnarowski adds (on Twitter). Livingston will earn $16MM, which is the full midlevel exception, according to Sam Amick of USA Today (on Twitter). Golden State is hard-capped at a projected $81MM after using the full mid-level on Livingston, tweets Ken Berger of CBSSports.com.
The Spurs, Wolves, Kings, Hornets, and Magic all reached out to the 6’7″ guard at the official start of free agency. The Warriors weren’t as heavily linked to Livingston, but it appears that they have come away with one of the more impressive reserve one guards in this year’s free agent crop.
The Nets were facing an uphill battle to keep Livingston in Brooklyn. The guard’s decision to sign with the Nets for the veteran’s minimum last summer was largely tied to his relationship with coach Jason Kidd, who will now be manning the sidelines in Milwaukee. Since Brooklyn is a taxpaying team and only own Livingston’s Non-Bird Rights, the Nets were only able to offer him a contract with a starting salary of $3.278MM through the taxpayer’s mid-level exception, which is smaller than the non-taxpayer’s version he’ll be receiving. After resurrecting his career last season, Livingston found a much better payday elsewhere. His Non-Bird rights would have afforded him just 120% of the minimum salary for next season, which meant it was taxpayer’s mid-level or bust for Brooklyn.
Photo courtesy of USA Today Sports Images
Blazers Sign Chris Kaman
JULY 10TH: The deal is official, the team announced.
JULY 3RD, 10:54pm: Sam Amick of USA Today (on Twitter) has the full breakdown. Kaman gets $4.8MM in year one and $5MM in year two with only $1MM guaranteed. That gives him a total of $9.8MM if he completes the contract.
10:32pm: The Blazers have reached agreement on a two-year, $10MM deal with Chris Kaman, according to Adrian Wojnarowski of Yahoo Sports (on Twitter). The second year of the deal is partially guaranteed (link).
Kaman, 32, played in just 39 games last season for the Lakers thanks to a calf injury and averaged 10.4 PPG and 5.9 RPG. The big man has missed quite a bit of time over the course of his career due to various injuries but has still provided a big presence and double digit scoring in most of his NBA campaigns. For his career, Kaman has averaged 11.7 PPG with 7.9 RPG. Kaman’s career PER is a so-so 14.7 but he has comfortably topped that number in each of his last five seasons.
Kaman’s deal might indicate an inflated market for free agent bigs. Surely, a deal of this size for Kaman bodes well for higher-caliber frontcourt players like Channing Frye and Spencer Hawes.
Clippers Sign Jordan Farmar
WEDNESDAY, 11:28pm: Farmar has signed the deal, per a team release.
SUNDAY, 5:40pm: The Clippers and free agent Jordan Farmar have agreed to a two-year, $4.2MM deal, according to Brad Turner of the Los Angeles Times (on Twitter). The Clippers will likely be using their biannual exception in the deal, according to Turner. The biannual only provides for a maximum of $4.154MM over two seasons, so presumably Turner is rounding up.
The former Lakers guard will be changing hallways in the Staples Center to help replace the departed Darren Collison. The Clippers have been cited as the frontrunners for Farmar’s services and long viewed as a viable Plan B in the event that Collison took his services elsewhere.
At the conclusion of the Lakers’ season, Farmer made it known that he wanted to stay in purple and gold, despite all of the uncertainty surrounding the club.
“I want to be a Laker,” Farmar said. “I like playing for Mike. Whether it’s Phil Jackson, Mike D’Antoni or whoever else coaches this team, that won’t deter me from wanting to be a Laker.”
Things didn’t work out with Farmar and the Lakers, but with today’s agreement, he at least knows he won’t have to go house hunting. And, unless the Lakers make major upgrades this summer, he’ll have a better chance at winning a championship.
Thunder Decline Grant Jerrett’s Option, Make QO
JULY 9th: Oklahoma City is indeed interested in locking up Jerrett with a multiyear deal, tweets Darnell Mayberry of The Oklahoman.
JUNE 30th: The Thunder have made the unusual decision to decline Grant Jerrett‘s option while also extending him the qualifying offer, tweets Mark Deeks of ShamSports.com. The team option would have been worth $816K while the QO is worth ~$1.16MM and is guaranteed.
Oklahoma City could be seeking to lock up Jerrett to a long-term deal while his value is fairly low. The same thing probably could have been accomplished for less money without the qualifying offer, but going with the QO gives OKC the maximum amount of control over him this summer. If the Thunder pitch Jerrett on a new deal, it would probably be largely non-guaranteed.
Our own Chuck Myron predicts that Jerrett will re-sign on a multiyear deal for the amount of his qualifying offer that includes at least a partial guarantee in year two to entice him to take a multiyear deal rather than just signing the QO. Or, Jerrett could wind up back with the Thunder on a deal similar to the one Robert Sacre signed with the Lakers last summer, when he was in virtually the same position. Sacre took a deal for the minimum salary from the Lakers instead of the value of his qualifying offer, but the first two years of his contract are guaranteed, assuring him of more money in the end than his QO would have given him.