Pelicans Trade Dante Cunningham To Nets
3:47pm: The trade is now official, according to a press release issued by the Nets.
1:30pm: The Pelicans are trading forward Dante Cunningham to the Nets in exchange for Rashad Vaughn, Shams Charania of Yahoo Sports tweets.
The 30-year-old veteran on an expiring deal, who had previously requested a trade from New Orleans, will arrive in Brooklyn and plans to stay there. David Aldridge of TNT tweets that the forward does not intend to pursue a buyout from his new team after three and a half seasons with the Pelicans.
In 51 games for the Pels, including 24 starts, Cunningham averaged 5.0 points and 3.8 rebounds per game. While he may not move the needle much for the Brooklyn franchise at first glance, the Nets staff has already done great things maximizing the value of other veterans at similar stages in their career.
The deal comes hours after a previous Cunningham swap fell through. Earlier today we wrote that the Pistons were engaged with New Orleans but ultimately traded the package of assets reserved for Cunningham to the Grizzlies for forward James Ennis instead.
This is the second time in a week that Vaughn will change teams. After starting the year with the Bucks, the 21-year-old shooting guard played one game for the Nets. Now he’ll join a Pelicans squad desperate for perimeter scoring.
Trade Deadline Rumors: Carroll, Kings, Lakers, C’s
The Nets and Pacers have considered a deal that would send DeMarre Carroll to Indiana in exchange for Al Jefferson, tweets Sam Amick of USA Today. The deal would be a way for Brooklyn to clear money for next season, as Carroll is owed $15.4MM, while Jefferson has a $10MM salary that’s only partially guaranteed.
Carroll, who was traded to the Nets over the summer, is averaging career highs in scoring (13.2), rebounds (6.4) and assists (1.9). Jefferson has settled into a reserve role since coming to Indiana two years ago and is averaging 6.7 points and 3.9 assists in 26 games.
There’s more to report as the trade deadline draws closer:
- The Kings are willing to move second-year center Georgios Papagiannis if they need to open a roster spot to complete a larger trade, according to Kevin O’Connor of The Ringer (Twitter link). However, Sacramento has since agreed to trade Malachi Richardson in a deal that seems designed to open up a roster spot.
- With Devin Booker and Tyler Ulis both battling injuries, the Suns may be interested in a minor deal for point guard help, tweets Scott Bordow of The Arizona Republic. Josh Gray is the only healthy option currently on the roster.
- The Lakers appear to be done with major deals after acquiring Isaiah Thomas and Channing Frye from the Cavaliers, relays Bill Oram of the SoCalNewsGroup (Twitter link). Oram adds that a minor trade could still be in the works.
- The Celtics remain engaged on several trade fronts, but continue to be reluctant to include a first-round pick in a deal, sources tell Chris Mannix of Yahoo Sports (Twitter link).
- The Cavaliers weren’t able to gain any traction with the Hornets on a Kemba Walker trade before pulling the trigger on a series of separate deals, tweets Adrian Wojnarowski of ESPN. Hornets Michael Jordan places a high value on Walker and won’t move him cheaply, Woj adds. Jordan said in a recent interview that he wouldn’t part with Walker “for anything but an All-Star player.”
Luke Adams contributed to this post.
And-Ones: Free Agent Market, Payne, Perkins, Booker
The bull market for free agents has ended and there will be few free-spending teams this summer, according to Brian Windhorst and Bobby Marks of ESPN. Many organizations are paying the price for the huge contracts that were handed out in 2016 as cap issues are forcing much of the league to take a more frugal approach.
This season, five teams are on pace to pay the luxury tax, which kicks in with a payroll topping $119MM. Twelve teams are projected to be in tax territory for 2018/19 and several more are in danger of getting there just by re-signing their own free agents. The authors list the Bucks as one team that will cross the line if they hold onto Jabari Parker.
“The luxury tax was not designed for this many teams to pay it,” a league executive told Windhorst and Marks. “Many of those owners probably didn’t think they’d be paying it. Quite a few of those teams are probably going to take steps to get out of the tax or limit new spending.”
When teams were handing out big contracts in the summer of 2016, they were expecting a salary cap in the range of $108MM for next season. That projection has been revised down to $101MM, leaving many in an unexpected dilemma. Only seven teams — the Lakers, Sixers, Bulls, Hawks, Mavericks, Suns and Nets — will have more than $10MM available to chase free agents, and virtually all of those teams are in rebuilding mode.
NBA agent Mark Bartelstein expects the situation to improve in 2019 and 2020 when those 2016 contracts start to expire.
There’s more NBA-related news this morning:
- Max and “supermax” deals are the reason more stars seem to be on the trade market, writes Kevin O’Connor of the Ringer. Clippers consultant Jerry West had been urging owner Steve Ballmer to trade Blake Griffin ever since Chris Paul let the team know he wouldn’t be re-signing. Ballmer was convinced after Griffin’s latest injury, recognizing the risks of paying him $171MM over five years, including nearly $39MM in the 2021/22 season when he will be 32. Teams are taking stock of their future and weighing whether maxing out a star is worth giving up financial flexibility. O’Connor predicts fewer mid-sized deals, like the approximately $17MM the Magic are giving to Bismack Biyombo and Evan Fournier, in favor of more non-taxpayer midlevel exceptions, which are valued at $8.4MM an will rise to about $10MM before the current CBA expires.
- Adreian Payne, who was waived by the Magic last month in the wake of the Michigan State scandal, had signed to play in Greece, relays the Associated Press. Payne had a two-way contract and played just four games for Orlando.
- Veteran center Kendrick Perkins has decided to leave the G League Canton Charge, tweets Jeremy Woo of Sports Illustrated. Several teams have contacted him about signing after the deadline, and he may consider playing in China or Japan next year, depending how the rest of this season turns out, adds Jake Fischer of Sports Illustrated (Twitter link). Perkins officially “retired” from the G League so the Charge can receive compensation, according to 2 Ways & 10 Days.
- Sixers forward Trevor Booker has changed agents in advance of his upcoming free agency, tweets Jeff Zillgitt of USA Today. Booker has signed with Jim Tanner’s Tandem Sports + Entertainment.
- Lavoy Allen, who played 61 games for the Pacers last season, has joined the Northern Arizona Suns of the G League, the team tweeted.
Heat Exploring Deals For Wing Help
The Heat are exploring the trade market for help on the wing, and they’re among the teams that have expressed interest in Hawks swingman Marco Belinelli, according to Barry Jackson of The Miami Herald. While Miami has interest in Belinelli, he’s one of several wings that the team has done due diligence on, Jackson notes.
Here’s more on the Heat, as they consider their trade options:
- Although the Heat want to add a wing player, they’re not desperate to make a deal before Thursday’s trade deadline, according to Jackson, who says he’d be surprised if the team parts with Justise Winslow for a rental.
- Despite having signed Joe Johnson when he was bought out by Brooklyn two years ago, the Heat wouldn’t be the favorites to land the veteran forward if he’s waived by the Jazz this month, says Jackson.
- The Heat were identified this week as a team that has expressed interest in DeMarre Carroll, prompting Jackson to explore whether Miami might be interested in trading Winslow and Tyler Johnson to the Nets in exchange for Carroll. It’s an interesting idea, since the Nets originally signed Johnson to his current contract, which will get much more expensive in 2018/19. Such a deal would allow the Heat to save some long-term money and would net Brooklyn another former lottery pick. However, Brian Lewis of The New York Post says the Nets have no plans to make that swap.
Forbes Releases 2018 NBA Franchise Valuations
The Knicks are still reeling from Tuesday’s news that Kristaps Porzingis has suffered a torn ACL and will be sidelined for the rest of the season. While Porzingis’ injury essentially eliminates the Knicks from the playoff race in the East, team ownership can at least find some solace in the fact that the organization remains the highest-valued franchise in the NBA, according to a report from Kurt Badenhausen of Forbes.
For the first time, all 30 NBA teams have a perceived worth of $1 billion or more, per Forbes’ annual report. In 2017, 18 teams had a valuation exceeding $1 billion, which was up from 13 teams in 2016 and just three teams in 2015.
The league-wide average of $1.65 billion per team is also a record, with franchise valuations up 22% in total over last year’s figures. NBA franchise values have tripled over the last five years, according to Badenhausen.
Here’s the full list of NBA franchise valuations, per Forbes:
- New York Knicks: $3.6 billion
- Los Angeles Lakers: $3.3 billion
- Golden State Warriors: $3.1 billion
- Chicago Bulls: $2.6 billion
- Boston Celtics: $2.5 billion
- Brooklyn Nets: $2.3 billion
- Houston Rockets: $2.2 billion
- Los Angeles Clippers: $2.15 billion
- Dallas Mavericks: $1.9 billion
- Miami Heat: $1.7 billion
- San Antonio Spurs: $1.55 billion
- Toronto Raptors: $1.4 billion
- Sacramento Kings: $1.375 billion
- Washington Wizards: $1.35 billion
- Cleveland Cavaliers: $1.325 billion
- Portland Trail Blazers: $1.3 billion
- Phoenix Suns: $1.28 billion
- Oklahoma City Thunder: $1.25 billion
- Orlando Magic: $1.225 billion
- Utah Jazz: $1.2 billion
- Philadelphia 76ers: $1.18 billion
- Indiana Pacers: $1.175 billion
- Atlanta Hawks: $1.15 billion
- Denver Nuggets: $1.125 billion
- Detroit Pistons: $1.1 billion
- Milwaukee Bucks: $1.075 billion
- Minnesota Timberwolves: $1.06 billion
- Charlotte Hornets: $1.05 billion
- Memphis Grizzlies: $1.025 billion
- New Orleans Pelicans: $1 billion
For comparison’s sake, Forbes’ 2017 valuations can be found right here.
Bucks Acquire Zeller From Nets, Deal Vaughn
8:04pm: The deal is official, according to a Nets press release.
5:45pm: The Bucks will acquire center Tyler Zeller from the Nets in exchange for shooting guard Rashad Vaughn and a second-round pick, according to ESPN’s Adrian Wojnarowski (Twitter links).
The Bucks will forward their second-round pick to Brooklyn in this summer’s draft if it falls between 31 and 47 overall, Wojnarowski adds in a separate tweet. Otherwise, the Suns will receive it as part of the Eric Bledsoe deal. Brooklyn was mainly interested in adding the draft pick, Wojnarowski adds (Twitter link).
Milwaukee will be Zeller’s fourth team. He played the last three seasons with the Celtics before signing a low-cost, two-year deal with Brooklyn. His $1.93MM contract for next season isn’t guaranteed. Zeller, 28, started 33 of 42 games with the Nets this season, averaging 7.1 PPG and 4.6 RPG in 16.7 MPG.
The 7-footer provides another big body in the middle. The Bucks have utilized John Henson and Thon Maker at center for the most part and also have Marshall Plumlee in reserve.
Vaughn, who has played all three of his seasons with the Bucks, has seen spot duty this season. He’s appeared in 22 games, averaging 2.7 PPG and 7.9 MPG. Vaughn, who is still just 21 years old, was the 17th overall pick of the 2015 draft. He’s making $1.9MM this season and becomes an unrestricted free agent this summer.
Woj/Lowe On Blazers, Jordan, Cavs, Hornets
With the February 8 trade deadline right around the corner, ESPN’s Adrian Wojnarowski appeared this morning on Zach Lowe’s Lowe Post podcast to address some rumors and discuss some trade possibilities for teams around the NBA. While Wojnarowski and Lowe didn’t drop any bombshells during their hour-long conversation, the duo did share several items of note, so let’s dive in and round up some highlights…
- Although the Trail Blazers had interest in Clippers center DeAndre Jordan, Wojnarowski hears that Portland has “backed away” as of late. According to Woj, it’s “entirely possible” that Jordan won’t get traded at all this week — the Clips may prefer to simply let him walk in free agency rather than taking on a bad contract or two in order to get a late first-round pick back in a trade.
- Wojnarowski and Lowe discussed Brooklyn’s 2018 first-round pick at length, exploring what sort of deal would entice the Cavaliers to surrender that first-rounder. The duo agreed that Cleveland wouldn’t offer it to the Clippers for Jordan. In Woj’s view, it would take a Paul George-type veteran or a young star on a rookie contract to get the Cavs to part with that pick, but that sort of player isn’t really available.
- The Cavaliers and Hornets have “definitely talked,” with those conversations presumed to have focused on Kemba Walker. That doesn’t mean that any deal is likely though, as virtually every team with any sort of need at point guard has checked in with the Hornets about Walker, per Wojnarowski.
- Despite ongoing speculation that they’ll need to break up their star backcourt at some point, the Trail Blazers have “summarily rejected” any inquiries on Damian Lillard and/or C.J. McCollum, says Lowe. Maurice Harkless is a more realistic trade candidate in Portland, according to Wojnarowski, who says the Kings are one team that has had interest in Harkless in the past.
- While the Nets aren’t necessarily looking to trade Spencer Dinwiddie, they’d have to consider it if they could get a first-round pick, according to Lowe. Woj agreed with that assessment.
Lin Should Be Ready For Training Camp
- Jeremy Lin‘s season-ending ruptured patellar tendon on opening night derailed a lot of optimism for the Nets at the season’s onset. While injuries have limited Lin to just 37 games in his first two seasons in Brooklyn, he’s expected to recover in time for Nets training camp next season, ESPN’s Ohm Youngmisuk writes.
Carroll Prefers To Stay In Brooklyn
- Nets forward DeMarre Carroll has been mentioned as a trade target, but he wants to stay in Brooklyn, relays Brian Lewis of The New York Post. Carroll’s agent, Mark Bartelstein, told him several teams have expressed interest in a deal, but nothing is definite. “He talked to [GM] Sean [Marks] and they value me a lot here,” Carroll said. “You really don’t know what’ll happen. He just told me stay focused and continue to keep on doing well. I’m old enough I understand rumors are rumors. Until somebody calls and I’m shipping up out of here, continue to keep playing great basketball for the Brooklyn Nets.”
Nets Notes: Allen, Lopez, Lin
Nets rookie Jarrett Allen has impressed with his play recently and 19-year-old has high expectations for himself, Anthony Puccio of NetsDaily writes. In Brook Lopez‘s first game back in Brooklyn on Friday, the veteran was matched up against the rookie Allen which led to several defensive and offensive gems from both players.
Allen, who scored a career-high 20 points and is averaging 14 points and 6 rebounds his past five games, said he is looking to fill the role Lopez held down over the past decade.
“I wouldn’t call it replacing Brook, Brook is one of a kind that I hear. I mean, he has stuff, I have stuff, and I’m just trying to see where I’m at against him,” Allen said. “(He was the) face of the franchise, now I’m here trying to become the face, too, so just going back and forth. It was a good challenge.”
Lopez, 29, has suffered through the worst season of his career in 2017/18, seeing his numbers and playing time diminish in his first season with the Lakers. However, Lopez was a franchise linchpin for the Nets for nine seasons and became an All-Star along the way. Allen, still just a teenager, is obviously confident in his ability to become a similar force in Brooklyn.
Check out other Nets new below:
- Bryan Fonseca of NetsDaily chronicled Lopez’s first game back in Brooklyn, which the center admitted was odd at times. Lopez admitted he had to keep reminding himself to not walk to the home locker room when he entered Barclays Center. The Nets honored Lopez with a tribute video during the game.
- Injured point guard Jeremy Lin spoke to local media for the first time since he suffered a season-ending ruptured patellar tendon on opening night. Lin said the injury has forced him to retrain his body but that once he is healthy, he will not change his on-court style, Brian Lewis of the New York Post writes. “I’m not going to change the bread and butter of who I am which is downhill, attacking, dynamic playmaking. I’ll always be that player,” Lin said