FA Rumors: Muhammad, Farmar, Mbah a Moute, Allen
The Hawks, Nets, Bucks, Knicks and Magic have all expressed interest in swingman Shabazz Muhammad, according to Marc J. Spears of ESPN.com (Twitter links). The Bulls are on that list as well, tweets Alex Kennedy of Hoops Hype. Muhammad became an unrestricted free agent last week when Minnesota pulled his qualifying offer to create enough cap room to sign Taj Gibson. He has been with the Wolves for all four of his NBA seasons and averaged 9.9 points in 78 games last year.
There’s more tonight on the free agent front:
- Jordan Farmar is hoping to return to the NBA and spoke to Lakers coach Luke Walton today about a possible opportunity, Kennedy relays (Twitter link). The 30-year-old point guard played two games for the Kings in November of last season.
- The Raptors have talked about making a play for former Clippers forward Luc Mbah a Moute, reports Michael Grange of Rogers Sportsnet (Twitter link).
- The Clippers and Timberwolves are both considering Tony Allen, according to Tim MacMahon of ESPN.com (Twitter link). Coaches Doc Rivers in L.A. and Tom Thibodeau in Minnesota have connections with Allen from their time with the Celtics.
- Veteran point guard Beno Udrih is talking to several teams in Las Vegas, tweets Steve Kyler of Basketball Insiders. Now 35, Udrih believes he can play for several more years. He got into 39 games with the Pistons last season.
- Former Baylor standout Royce O’Neale is considering several NBA offers, according to Kyler (Twitter link). The 24-year-old forward went undrafted in 2015 and has been playing in Lithuania, but he has an NBA opt-out in his contract through July 20th.
Knicks Contact Phoenix About Eric Bledsoe
The Knicks believe they can trade for a veteran point guard and have contacted the Suns about Eric Bledsoe, according to Marc Berman of The New York Post.
Jeff Hornacek is well acquainted with Bledsoe after coaching him in Phoenix, Berman notes, but outside of Courtney Lee and possibly a first-round pick, the Knicks don’t have many assets to offer. Bledsoe, 27, still has two years and $29.5MM left on his current contract. He averaged 21.1 points and 6.3 assists last season, but was shut down in mid-March after playing in 66 games.
Bledsoe has reportedly been on the trade market, with the Suns talking to the Nuggets and Bulls about possible deals prior to the draft.
The Knicks are among a “multitude” of teams that have reached out to Ramon Sessions, Berman adds. The 31-year-old spent last season with the Hornets, who declined their option on him last month. New York only has $1.5MM in cap space remaining, but can go up to $2.3MM under the veterans minimum exception, which applies to players with at least 10 seasons of experience.
Another possibility Berman lists is Donald Sloan, who spent last season in China after playing for the Nets in 2015/16. In 61 games with Brooklyn that year, Sloan averaged 7.0 points and 4.4 assists per night.
Clippers Sign Milos Teodosic
JULY 10, 3:27pm: Teodosic has officially signed his contract with the Clippers, according to a tweet sent out by his agency.
JULY 6, 1:44pm: European point guard Milos Teodosic has reached an agreement with the Clippers, tweets Adrian Wojnarowski of ESPN.com. It will be a two-year, $12.3MM contract with a player option on the second season (Twitter link).
Several teams have been in competition for the 30-year-old, who is considered to be one of the top players outside the NBA. He was reportedly seeking a three-year deal worth $25MM to $30MM, but his new contract is substantially less, at least in the first season.
The Heat, Kings, Nuggets, Jazz, Nets, Bulls and Timberwolves were among the other teams that expressed interest. Minnesota offered its room exception, but understood that he could get more money elsewhere, tweets Darren Wolfson of 5 Eyewitness News. Brooklyn decided that Teodosic’s defensive shortcomings made him a poor candidate for big money or big minutes, according to NetsDaily (Twitter link).
A star with Serbia at the 2016 Olympics, Teodosic made his current team, CSKA Moscow, one of the best in the Euroleague. He has averaged 16.1 points per game over the past two seasons and 6.5 assists over the last three. The Russian squad was hoping to keep him, but admitted that it couldn’t compete financially with NBA teams.
Teodosic’s signing may end the Clippers’ interest in Derrick Rose, who met with the team on Wednesday. With Patrick Beverley and Lou Williams already on the roster, there doesn’t seem to be any room for Rose.
NBA Teams With Cap Room Remaining
We’re only on the 10th day of the NBA league year, but already, the number of teams with cap room still available is dwindling.
Clubs without cap room remaining could create space at some point — the Knicks, for instance, used the last of their cap room to finalize Tim Hardaway‘s offer sheet, but may try to clear salary by trading Carmelo Anthony and/or Courtney Lee. For now though, only a handful of teams have a useful amount of cap space left.
Those teams with cap room are listed below, along with an informal breakdown of what their situation looks like. Many deals haven’t yet been finalized, so these figures our based on our projections, with the help of information from Basketball Insiders and HeatHoops.
Teams with cap room remaining:
- Atlanta Hawks: With agreed-upon deals for Mike Muscala and Tyler Dorsey not yet official, the Hawks retain about $18-19MM in cap room. And that’s not counting whatever amount of money Jamal Crawford was willing to give up in his buyout, so that figure may creep a little higher.
- Brooklyn Nets: The Nets remain in a holding pattern with Otto Porter, but after he officially moves over to the Wizards’ books and Brooklyn completes its trade for DeMarre Carroll, the team should have about $16-17MM in cap room. The Nets could create a little more space by waiving one or more non-guaranteed players.
- Denver Nuggets: Once the Nuggets’ signing of Paul Millsap becomes official, the team won’t have much cap flexibility left, though that could change if Mike Miller is waived and/or Mason Plumlee is renounced. If both of those players remain on the cap, Denver will only have about $2MM in room. If they move on from both players, the Nuggets could get up to about $11MM+ in space.
- Indiana Pacers: Assuming the Pacers stretch Monta Ellis‘ salary, as has been reported, they should have in the neighborhood of $7-8MM in remaining cap room, even after finalizing the acquisitions of Darren Collison, Bojan Bogdanovic, and Cory Joseph.
- Los Angeles Lakers: The Lakers have approximately $17MM in cap room left, though they’d have to renounce their remaining unrestricted free agents to make use of all that space.
- Orlando Magic: The Magic could have retained their exceptions and cap holds and stayed over the cap, but it looks like they’re operating under the cap, signing Shelvin Mack with room instead of the mid-level exception. Orlando doesn’t have much space available, but could get up to $8MM+ in room by waiving C.J. Watson, and could increase that number a little more by cutting other non-guaranteed players.
- Philadelphia 76ers: The Sixers’ remaining cap room will depend on the exact numbers for J.J. Redick and Amir Johnson, but it figures to be in the neighborhood of $16-17MM.
- Phoenix Suns: Alex Len‘s $12MM+ cap hold is a significant factor in the Suns’ remaining cap room. If they were to renounce Len, the Suns could get up to about $23MM in room, with the ability to create even more by waiving non-guaranteed contracts. However, if they keep Len on the books, Phoenix’s cap room is below $11MM, and will be reduced further when Alan Williams‘ new deal becomes official.
- Sacramento Kings: Deals for George Hill, Zach Randolph, Vince Carter, and Bogdan Bogdanovic will use up most of the Kings’ space, but the team should still have room in the $8-10MM range after those signings become official.
Teams that went under the cap, but have used all (or virtually all) of their room:
- Boston Celtics
- Miami Heat
- Minnesota Timberwolves
- New York Knicks
These teams went below the cap this summer to accommodate big-money moves. In some cases, those deals aren’t yet official, but when they’re finalized, they’ll eliminate any cap room these teams have left. A couple of these clubs have already committed their room exception to certain players, with the Celtics on track to sign Aron Baynes and the Wolves lining up a deal with Jamal Crawford.
Teams that are operating over the cap, but could create some cap room:
- Chicago Bulls
- Dallas Mavericks
- Utah Jazz
These teams are currently operating as over-the-cap clubs in order to retain their full mid-level, bi-annual, and trade exceptions, but there could be scenarios in which it makes more sense to renounce those exceptions and dip below the cap.
In the Bulls’ and Mavs’ cases, it would likely only happen if they don’t retain top RFAs (Nikola Mirotic and Nerlens Noel, respectively). Meanwhile, the Jazz could only create up to about $12MM in room if they were to waive their non-guaranteed contracts and wait to sign Joe Ingles.
Note: Items on Indiana Pacers and Orlando Magic were edited after publication to adjust figures.
NetsDaily: How Nets May Use Remaining Cap Room
- Net Income of NetsDaily takes a look at how the Nets might use – or not use – their remaining cap room.
Nets Notes: Carroll, Free Agents, Aldrich, Draft Pick
Brooklyn GM Sean Marks got Raptors president Masai Ujiri to sweeten the deal involving DeMarre Carroll as they talked during Saturday’s games at the Las Vegas Summer League, writes Brian Lewis of The New York Post. Toronto’s original offer involved just Carroll and a first-round pick, but Marks was able to convince Ujiri to send along a second-rounder and take back the $3MM contract of Justin Hamilton.
The deal provides needed cap relief for the Raptors, while giving the Nets a replacement for Otto Porter after the Wizards announced their intention to match Brooklyn’s four-year, $106.5MM offer sheet. The trade may not be finalized before Thursday while the Nets wait for the Wizards to conduct Porter’s physical and report the results to the league.
There’s more today out of Brooklyn:
- With nearly $17MM left in cap space along with a $4.3MM room exception, the Nets will move on to other targets in free agency, Lewis adds. They were believed to be interested in Pistons’ guard Kentavious Caldwell-Pope, but the Carroll trade prevents them from making a max offer. Caldwell-Pope turned down $80MM over five years from Detroit, but his options may be limited now as fewer teams have cap room to work with. Other possibilities for Brooklyn are C.J. Miles, Dewayne Dedmon, Nikola Mirotic or another restricted free agent in JaMychal Green. Coach Kenny Atkinson sees the value in having an older player around. “I do think [Marks and I] both agree that we don’t want to go in with a totally young roster,” he said. “We do need that veteran support. If it’s the right position where somebody can help us, it’s definitely something [to consider].”
- Saturday’s deal may end the Timberwolves’ hopes of getting the Nets to take on Cole Aldrich’s salary, Lewis notes in the same piece. Minnesota wants to unload Aldrich, who will make $7.3MM in the upcoming season and nearly $6.9MM in 2018/19, to create enough cap room to sign Miles. However, Marks wouldn’t agree to the deal unless the Wolves threw in Oklahoma City’s 2018 first-rounder.
- The second-rounder the Nets will receive in the Carroll deal will probably be the lower of the Magic or Lakers picks, according to a tweet from NetsDaily. Brooklyn already has the rights to the Pacers’ 2018 second-rounder if Indiana misses the playoffs.
Luis Scola Signs With Chinese Team
Veteran forward Luis Scola will play in China next season, according to a tweet from Sportando. The 37-year-old has signed a contract with the Shanxi Brave Dragons in the Chinese Basketball Association.
A 10-year NBA veteran, Scola played 36 games for the Nets last season, averaging 5.1 points and 3.9 rebounds in about 13 minutes per night. He was waived by Brooklyn on February 27th.
An Argentinian star and a veteran of international basketball, Scola was part of the gold-medal winners at the 2004 Summer Olympics. He also played for the Rockets, Suns, Pacers and Raptors.
Wizards Match Offer Sheet For Otto Porter
The Wizards announced they will match the Nets’ four-year, $106.5MM offer to Otto Porter, tweets Candace Buckner of The Washington Post. Porter still has to pass a physical before the move becomes official, notes David Aldridge of TNT (Twitter link).
Washington had until 11pm Central to decide on the offer sheet, so the Wizards beat the deadline by about two hours. They had vowed to match any offer, even as Porter was negotiating with other teams.
The new contract will make Porter the team’s highest-paid player next season with a $24.8MM salary, Buckner notes. It also pushes Washington above the luxury tax line for the first time ever.
The Wizards have $126.5MM in salary committed for the upcoming season with 13 guaranteed contracts and two non-guaranteed, along with an $11.4MM tax bill, posts Bobby Marks on ESPN Now.
The Nets’ offer to Porter includes a 15% trade kicker and a player option for the fourth year, along with a provision stating that Porter will receive half of his annual salary by October 1st of each year.
By matching, Washington brings backs a key piece of last season’s roster, as Porter appeared in 80 games, all as a starter, and averaged 13.4 points and 6.4 rebounds per night. He has been with the franchise since being taken with the third pick in the 2013 draft and has been a regular starter for the past two seasons.
For the Nets, it’s the latest in a string of misses in restricted free agency. Over the past 12 months, Brooklyn has submitted offer sheets to Allen Crabbe, Tyler Johnson, Donatas Motiejunas and Porter, and all were matched by their current teams.
Tonight’s decision won’t free up the Nets’ cap room right away. Porter has two days to undergo the team physical, then the Wizards have two more days to report the results to the league. So it’s possible that Brooklyn’s cap situation will not be resolved before Wednesday. Brooklyn will have $28.3MM once the process is complete, Marks posts.
C.J. Miles On Nets’ Radar
Veteran swingman C.J. Miles is on the Nets’ radar, according to Darren Wolfson of 5 Eyewitness News (Twitter link). For now, the Nets remain in a holding pattern while they wait for the Wizards to match the offer sheet they gave to Otto Porter.
The Porter situation is somewhat tricky, as the Wizards plan to match, but they may do so only after tying up Brooklyn’s cap space for as long as possible. This means that Porter’s offer sheet could stay on the Nets’ salary cap through July 12 at the latest. Since Porter’s offer sheet is substantial at $106.5MM over four years, the Nets cannot make any significant free agent offers until the Wizards match. As such, Miles would have to be willing to wait a little longer.
After a flurry of free agent signings around the NBA, Miles is suddenly one of the top players available. The 30-year-old free agent averaged 10.7 points per his 76 games with the Pacers last season, starting 29 of them. Miles boasted a strong slash line of .434/.413/.903, making him an appealing target for teams in need of shooting help.
Another free agent the Nets will wait to have on is Kentavious Caldwell-Pope, whose rights the Pistons renounced on Friday. KCP is very likely the top unrestricted free agent available and the Nets are in the market for a wing.
Clippers, Knicks, Others Renounce UFAs
Several NBA teams have renounced their unrestricted free agents, eliminating any form of Bird rights the team had on those players, per RealGM’s transactions log. Here’s a breakdown of which teams renounced their UFAs and what those moves might mean:
Los Angeles Clippers
- Players renounced: Alan Anderson, Jeff Ayres, Brandon Bass, Glen Davis, J.J. Redick, Hedo Turkoglu, and Ekpe Udoh.
- The thinking: Redick has a new deal in place elsewhere and the other players probably aren’t candidates to return. With a hard cap in place after signing-and-trading for Danilo Gallinari, the Clips will have to keep team salary below $125.266MM for the rest of the 2017/18 league year.
New York Knicks
- Players renounced: Ron Baker, Justin Holiday, Derrick Rose, and Sasha Vujacic.
- The thinking: The Knicks needed to clear cap room to fit in Tim Hardaway Jr.‘s offer sheet, so these moves aren’t really a surprise. The one interesting name is Baker — the club also withdrew its qualifying offer to him. He has reportedly agreed to a deal with New York already, but if the team doesn’t need his QO or FA rights to complete that signing, it may just end up being a two-year, minimum salary contract that could be finalized once the Knicks use up their cap room on other players.
Atlanta Hawks
- Players renounced: Jose Calderon, Kris Humphries, Ersan Ilyasova, Paul Millsap, and Thabo Sefolosha.
- The thinking: The Hawks kept cap holds for Hardaway and Mike Muscala on their books, but it appears none of the players noted above are in their plans going forward. Atlanta needed to clear its cap room to take on Jamal Crawford and Diamond Stone in a trade with the Clippers, so the Hawks also had to renounce their five trade exceptions as well.
Detroit Pistons
- Players renounced: Aron Baynes and Kentavious Caldwell-Pope.
- The thinking: With a $125.266MM hard cap now in place, the Pistons will have to keep team salary below that figure for the rest of the league year.
Brooklyn Nets
- Players renounced: K.J. McDaniels
- The thinking: McDaniels’ cap hold likely had to be eliminated from the books in order to fit Otto Porter‘s offer sheet.
Phoenix Suns
- Players renounced: Ronnie Price
- The thinking: I don’t see any obvious reason that the Suns needed to renounce Price’s minimum salary cap hold, but there’s no reason to keep it on the books either — if the team wants to eventually re-sign Price, it can use cap room or the minimum salary exception to do so.