Nets Acquire Jarrett Jack In Deal With Cavs, Celts
10:06am: The second-rounder going from the Celtics to the Cavs is for 2015, according to Cleveland’s official announcement on the trade. It’s top-55 protected, and if it doesn’t fall within the final five picks of the second round, Boston’s obligation regarding the pick will be extinguished.
THURSDAY, 9:21am: The trade is official, the Nets announce.
“Jarrett is a proven NBA veteran who will add versatility to our backcourt,” Nets GM Billy King said in the team’s statement. “The team had a need in that area and we are excited that we were able to secure Jarrett to fill that role. Sergey is a player who we have followed closely for several years. He is a versatile forward and will be a welcome addition to our roster.”
WEDNESDAY, 10:02am: The Cavs will receive the draft rights to Ilkan Karaman, Christian Drejer and Edin Bavcic from the Nets, tweets Adrian Wojnarowski of Yahoo! Sports. They were second-round picks in 2012, 2004 and 2006, respectively. The first-rounder going from Cleveland to Boston is top-10 protected in 2016, 2017 and 2018 and becomes unprotected for 2019, Wojnarowski adds (Twitter link).
9:46am: The Cavs, Nets and Celtics will complete a three-team trade that sends Jarrett Jack to the Nets and opens up the cap flexibility necessary for Cleveland to give LeBron James a max contract, as Baxter Holmes of The Boston Globe confirms (Twitter link). Marc Stein of ESPN.com first reported that the clubs were on the verge of a deal. Sergey Karasev will go to the Nets as well, while Marcus Thornton, Tyler Zeller, and a first-round pick are headed to Boston. The first-rounder the Celtics are getting is for 2016, as Jeff Goodman of ESPN.com reported, and Holmes says that pick is coming from the Cavs (Twitter link). The Celtics send a future second-round pick to the Cavs, Holmes tweets.
It appears as though the Celtics will slip Thornton, who’s set to make $8.575MM next season, and Zeller, set for slightly more than $1.5MM, into the nearly $10.3MM trade exception left over from last year’s Paul Pierce trade, as Goodman pointed out. The Cavs No. 1 option is using the max-level cap flexibility the deal creates to chase LeBron, but if not, they’ll reportedly go after second-tier free agents, with Trevor Ariza apparently among their targets.
Cleveland and the Nets were reportedly working for weeks on a trade involving Jack and Thornton, but with the Cavs uninterested in taking back Thornton’s salary, the involvement of a third team became necessary. The Hawks were among the teams the Cavs were reaching out to, but the idea of acquiring Thornton was apparently a turn-off for them. Enter the Celtics, who’ve been looking to acquire assets necessary to enhance their standing for a Kevin Love trade.
The Nets end up with a backup point guard to replace Shaun Livingston, who signed with the Warriors. They also receive Karasev, just a year removed from having been the 19th overall pick in the 2013 draft, to help inject youth into a veteran-laded team. The Nets believe Jack could even start next to Deron Williams, as Livingston did for much of last season, while they were eyeing Karasev during the draft last year, TNT’s David Aldridge tweets.
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.
Eastern Notes: LeBron, Monroe, Magic, Bulls
LeBron James is scheduled to meet Wednesday with Heat president Pat Riley in Las Vegas, league sources told ESPN’s Chris Broussard. A few days ago, we passed along that the free agent superstar was planning to have a sitdown with Riley at some point this week. Here’s what else has been buzzing in the Eastern Conference this evening:
- Pistons president/head coach Stan Van Gundy reiterated that restricted free agent Greg Monroe is still part of the team’s future plans, reports David Mayo of MLive. Mayo also explains how Detroit could potentially create an additional $4.5MM in cap space this summer by making other moves in free agency first before signing Monroe to a new contract.
- In their final move of this summer’s free agency, the Magic aim to land a third point guard to back up Victor Oladipo and Elfrid Payton, according to Josh Robbins of the Orlando Sentinel.
- The Bulls’ pursuit of Pau Gasol is dependent on what Carmelo Anthony decides to do in free agency, reports Joe Cowley of the Chicago Sun-Times, who hears that the wait has become “frustrating” for Chicago’s front office.
- When Knicks head coach Derek Fisher spoke with Carmelo last week, he guaranteed that the team would be better next season with the new system, reports Marc Berman of the New York Post. Fisher, who hasn’t spoken with Anthony since Thursday’s meeting, wouldn’t say whether he felt good or not about New York’s chances of retaining the star forward.
- In another piece, Berman writes that Anthony has held out faint hope that Knicks president Phil Jackson can clear the necessary cap space this summer to bring LeBron James to New York. Doing so would at the least require New York to find takers for Amar’e Stoudemire and Andrea Bargnani in salary dump deals.
- Having completed his workout for the Raptors, former NBA swingman Yakhouba Diawara will be auditioning for the Bucks next, a source tells David Pick of Eurobasket (Twitter link).
- Celtics guard Rajon Rondo recently spoke with Baxter Holmes of the Boston Globe and brushed off speculation that the arrival of rookie point guard Marcus Smart could affect his future in Boston. “I don’t think (anything) of it… I can be here today, gone tomorrow. You never know. For me to get bent out of shape, or to feel threatened by the Celtics drafting a point guard, it means nothing.”
And-Ones: Union, Celtics, Blatche, Diawara
The players union is worried that teams like the Heat are trying to strong-arm players into making financial sacrifices by triggering hard caps with the use of the non-taxpayer’s mid-level and bi-annual exceptions, as Grantland’s Zach Lowe explains. Clubs can’t exceed the tax apron, the line $4MM above the tax threshold, if they use either the larger mid-level or the bi-annual. Ron Klempner, the interim executive director for the union, argues that such teams can eschew those exceptions and find ways that don’t trigger a hard cap to accommodate contracts for the players they want.
“Teams are being exposed for what they are doing,” Klempner told Lowe. “It has been laid bare. They are hiding behind the rules. Teams like the Heat have the ability to bring back all their players, and give them raises, but they are choosing to go in another direction.”
Here’s more from around the league:
- The Celtics remain on the lookout for players who will appeal to the Wolves in hopes that Minnesota will agree to a deal that sends Kevin Love to Boston, as Gary Washburn of The Boston Globe details.
- The Raptors will meet Wednesday with free agent Andray Blatche, tweets Chris Broussard of ESPN.com.
- Former NBA swingman Yakhouba Diawara is working out for the Raptors today in hopes of a comeback, reports Shams Charania of RealGM (Twitter link).
- Sixers second-round pick Vasilije Micic is staying overseas and won’t sign with Philadelphia for this season, reports Keith Pompey of the Philadelphia Inquirer. Micic went 52nd overall last month.
- Janis Timma, the 60th pick in last year’s draft, will also stay overseas this coming season rather than sign with the Grizzlies, who hold his rights, as Ronald Tillery of The Commercial Appeal writes in a subscription-only piece.
- The Jazz, Rockets and Warriors all recently auditioned Tyler Honeycutt, but the former Kings small forward has signed a two-year deal with Russia’s Khimki Moscow, the team announced (translation via Sportando’s Emiliano Carchia).
Eastern Notes: Love, Rondo, Stephenson
The Celtics and Timberwolves haven’t spoken in more than a week about a Kevin Love trade, two sources tell Steve Bulpett of the Boston Herald. Three GMs tell Bulpett that if the Celtics changed gears and attempted to trade Rajon Rondo, they would have a hard time finding full value for him on the trade market at present, though it’s unclear precisely why. There’s more on the C’s from Bulpett’s piece amid the latest from the Eastern Conference:
- The Celtics have yet to contact Lance Stephenson or agent Alberto Ebanks, according to Bulpett, despite Monday’s report that the C’s had interest.
- The Hornets and Wizards are the front-runners for Kris Humphries while the Celtics seem like they’re removing themselves from the pursuit, a source tells Gary Washburn of The Boston Globe (Twitter link).
- A source tells Ben Standig of CSNWashington.com that Garrett Temple isn’t weighing any offer from the Heat. A Monday report indicated that the point guard was leaning toward signing with Miami.
- The Pistons have jumped into the running for Brian Roberts, tweets Michael Scotto of SheridanHoops, who reiterates his earlier report that the Grizzlies are interested, too.
- The Heat‘s path to signing Carmelo Anthony would be complex and hard to configure financially, as Ken Berger of CBSSports.com details, while Mark Deeks of ShamSports, writing for Hoop365, outlines a much more palatable scenario that lands ‘Melo with the Bulls.
- The Knicks have officially named Kurt Rambis as the team’s lead assistant coach, the team announced. Ian Begley of ESPNNewYork.com first reported the deal, and Marc Berman of the New York Post reported that the Knicks offered four years at an annual salary of $1.2MM to lure him from his job as a Lakers assistant coach.
Free Agent Rumors: ‘Melo, Ariza, Stephenson
The Lakers aggressively pitched to Carmelo Anthony the idea that he can be the star of the team once Kobe Bryant‘s contract expires in 2016, as Ian Begley of ESPNNewYork.com hears (Twitter link). ‘Melo was to have taken the weekend to make his free agent choice, but it appears he still hasn’t made up his mind. Here’s more from a wild Monday of free agency:
- The Cavs, Lakers, Heat and Mavs are all pursuing Trevor Ariza, tweets Ken Berger of CBSSports.com. The Wizards are presumably still in the hunt, as well. The swingman is seeking salaries of $9-11MM, Berger adds.
- The Mavs have indeed shown interest in Lance Stephenson, reversing their previous stance against signing him, reports Chris Broussard of ESPNDallas.com, but it’s still very unlikely the shooting guard will end up in Dallas, tweets Tim MacMahon of ESPNDallas.com. The Pacers‘ recent five-year, $45MM offer disappointed the Alberto Ebanks client, who’s begun shopping for other teams, Broussard writes.
- The Celtics are also interested in Stephenson, Broussard adds (via Twitter).
- Marc Stein of ESPN.com (on Twitter) continues to hear that the Thunder are ahead of the Heat in the Anthony Morrow chase. Along with Pau Gasol, Morrow has been a prime OKC target in free agency.
- A Chinese team offered Sebastian Telfair a two-year, $7MM deal as word of an impending deal with the Thunder leaked, agent Joel Bell tells Shams Charania of RealGM. Telfair passed that up to strike a one-year, minimum-salary agreement with the Thunder.
- Paul Pierce‘s representatives are telling teams that he’s looking for a two-year deal worth $9-10MM per season, according to Chris Mannix of SI.com (on Twitter). The Jeff Schwartz client is waiting to see if teams are willing to offer more money once the first-tier free agents come off the board, Mannix adds (Twitter link).
- The Nets, Trail Blazers and Spurs have worked out free agent Ivan Johnson, tweets Chris Vivlamore of the Atlanta Journal-Constitution.
- The Hornets are among the teams set to meet with unrestricted free agent Kent Bazemore, tweets Alex Kennedy of Basketball Insiders.
- Free agent Matt Bonner has remained in contact with the Spurs on a possible reunion and is waiting for the roster to unfold, sources tell RealGM’s Shams Charania (on Twitter). No other clubs are in the mix for him yet.
Several Teams Interested In Isaiah Thomas
JULY 7TH, 4:36pm: The Pistons are no longer among the teams involved with Thomas, tweets Sam Amick of USA Today (on Twitter).
JULY 2ND, 7:14am: Mavs owner Mark Cuban called Thomas on Tuesday, according to Marc J. Spears of Yahoo! Sports (Twitter link).
11:45pm: Michael Scotto of Sheridan Hoops (on Twitter) adds the Lakers to the list of interested clubs.
8:35am: Kyle Lowry’s decision will likely precede the one that Thomas makes, Bleacher Report’s Jared Zwerling tweets. The Kings and Thomas have strong mutual respect, Zwerling says.
7:48am: The Pistons are also interested, tweets Aaron Bruski of NBCSports.com. They’re talking about a deal in the ballpark of three years and $24MM total. Other talks are in the $6-7MM range, Bruski adds (Twitter link).
7:32am: The Lakers made contact with Thomas, according to Alex Kennedy of Basketball Insiders, as did the teams that Jones mentioned (Twitter link).
12:37am: The Celtics, Mavericks, Warriors, Heat, Pistons, and Suns have expressed interest in Kings free agent guard Isaiah Thomas, tweets Jason Jones of the Sacramento Bee. The Kings want to keep the diminutive point guard but they’ll have their work cut out for them this summer.
The Celtics were the first team on the horn with Thomas when free agency started after midnight ET and Danny Ainge personally made the call. This is purely speculative, but one has to imagine that the C’s are giving serious thought to trading Rajon Rondo given their pursuit of Thomas and selection of Marcus Smart in last week’s draft.
Western Notes: LeBron, Warriors, Mavs
The Warriors could have dealt Harrison Barnes to the Magic for Arron Afflalo and a future first-round pick, a source tells Ric Bucher of 95.7 The Game (on Twitter). The Warriors passed, but such a deal would have eased losing Klay Thompson in a Kevin Love trade.
More from the west:
- Tim MacMahon of ESPNDallas.com wonders if Paul Pierce is the best realistic fit for the Mavs at small forward. MacMahon concludes that Pierce makes sense for the Mavs if signing him instead of a Plan B target would allow Dallas to have more depth next season and if they value future financial flexibility and fear overpaying for a Luol Deng or Trevor Ariza.
- Kent Bazemore will meet with the Spurs on Tuesday and the Celtics on Wednesday, tweets Michael Scotto of Sheridan Hoops.
- Some may be laughing it off, but LeBron James joining forces with the Suns makes perfect sense to Jesse Biancarte of Basketball Insiders. Phoenix already has Eric Bledsoe (assuming he re-signs), Goran Dragic, Marcus Morris, Markieff Morris, Miles Plumlee, Alex Len, and more. It’s a deep cast of young talent and one that LeBron can help elevate to contender status.
Zach Links contributed to this post.
Eastern Notes: Hamilton, Anthony, Deng
Justin Hamilton is mulling a guaranteed two-year contract from a team in Zagreb, reports Ira Winderman of The Sun Sentinel. Hamilton is signed to a non-guaranteed contract with the Heat for 2014/15. Hamilton has an unusual contract in that he is scheduled to make a base salary of $816,482, and if he is not waived before August 1st $408,241 becomes guaranteed, and if he’s not waived by December 1st, then $612,362 of that contract becomes guaranteed. You can check out our Schedule of Contract Guarantee Dates for more info on Hamilton and non-guaranteed contracts throughout the league.
More from the east:
- Carmelo Anthony is expected to make a decision where he will be playing next season shortly, perhaps within the next 24 hours, reports Fred Kerber of The New York Post.
- Luol Deng sat down with the Heat‘s Pat Riley today to discuss the possibility of Deng bringing his talents to South Beach, reports Chris Broussard of ESPN.com. The meeting was described as “preliminary,” and Deng reportedly will not take a salary significantly below his market value, believed to be above $10MM per season, to sign with the Heat.
- Danny Ainge hasn’t given up on trying to work out a trade that would bring Kevin Love to the Celtics, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link).
Western Notes: ‘Melo, Mavs, Bledsoe, Kaman
The offer the Mavs are making to Carmelo Anthony involves a starting salary of slightly more than $18MM, reports Tim MacMahon of ESPNDallas.com (Twitter link). That would mean a max of $77MM over four years, though McMahon pegs the likely value of the offer at $75MM. In any case, that’s significantly less than the nearly $96MM over four years the Lakers are reportedly offering in a max deal, and about $50MM less than the five-year max that the Knicks have apparently put on the table. There’s more from MacMahon on the Mavs amid the latest from the Western Conference:
- The Mavs have confidence they’ll strike a deal to re-sign Devin Harris, presuming they don’t land Anthony or LeBron James, even if some of the inflated agreements around the league this week have pushed his market value higher, MacMahon writes. The team sees Isaiah Thomas as its primary fallback option should Harris sign elsewhere, and Dallas has also been in contact with the agent for Wasserman client D.J. Augustin, MacMahon adds.
- There are some who believe that agent Rich Paul’s talks with teams about LeBron are instead intended to pitch clubs on Suns restricted free agent Eric Bledsoe, whom Paul also represents, tweets USA Today’s Sam Amick.
- The Blazers came to terms with Chris Kaman believing they wouldn’t be able to sign Spencer Hawes or Channing Frye, according to TNT’s David Aldridge (Twitter link).
- The Warriors have officially hired Alvin Gentry, Ron Adams and Luke Walton as assistant coaches, the team announced. Gentry, who spent last season as a Clippers assistant, was a candidate for multiple head coaching vacancies this summer. Adams was an assistant with the Celtics last season while Walton was an assistant for the Lakers D-League affiliate.
- Marcus Camby, 40, still harbors aspirations of returning to the NBA after missing last year as he recovered from left foot surgery, an injury that prompted the Rockets to waive him just before the start of the regular season.