Nets Sent $75K To Rockets In K.J. McDaniels Deal
- The Rockets‘ trade of K.J. McDaniels was essentially a salary dump, so it comes as no surprise that the Nets gave the Rockets $75K just in the deal, per Jonathan Feigen of The Houston Chronicle. That’s the least amount of cash a team can send in a trade.
Nets Acquire K.J. McDaniels
6:33pm: The Rockets will receive cash considerations, not a draft pick, from the Nets in exchange for McDaniels, tweets Michael Scotto of Basketball Insiders. The deal is now official.
3:57pm: The Nets will send a future draft choice – presumably a protected second-round pick – to the Rockets as part of the deal, according to a report from The Associated Press.
1:32pm: The Rockets have traded K.J. McDaniels to the Nets, according to Adrian Wojnarowski of The Vertical (Twitter links). The deal will save the Rockets roughly $3.3MM, which the team plans on using once the buyout market establishes itself.
Teams cannot take on a player/draft picks from another team without receiving some sort of compensation in return, per NBA rules. It’s likely that Houston will receive either a heavily protected second-round pick or the rights to a player currently playing abroad in the trade.
Brooklyn was about $13.5 under the salary cap after the Andrew Nicholson trade and it had an open roster spot after waiving Marcus Thornton on Wednesday. With McDaniels aboard, the Nets have 15 players under contract, as the team’s depth chart at Roster Resource indicates.
McDaniels shined during his rookie season with the Sixers, but he hasn’t gotten consistent playing time since Philly traded him to Houston at the 2015 trade deadline. The Clemson University product saw 1352 minutes of action during his first half season in the league with the Sixers, but he only received a total of 447 minutes in the two years since.
Eastern Notes: Bulls, Okafor, Ainge, Lopez, Hawks
Before making today’s deal with Oklahoma City, the Bulls tried to obtain point guard Patrick Beverley from the Rockets, tweets Vincent Goodwill of CSNChicago. Chicago reached out to Houston on Wednesday with an offer of Taj Gibson and Isaiah Canaan in exchange for Beverley, but the Rockets turned it down.
There’s more from the Eastern Conference on an active deadline day:
- The Sixers didn’t trade center Jahlil Okafor, but it wasn’t because they didn’t try, according to Steve Kyler of Basketball Insiders (Twitter link). He says Philadelphia made a strong effort to unload Okafor but was unable to find equal value so close to the deadline.
- The Celtics were rumored to be seeking Jimmy Butler and Paul George, but decided to stand pat. GM Danny Ainge explained the conservative approach to Adam Himmelsbach of The Boston Globe (Twitter link). “We had a lot of conversations,” Ainge said. “There were things we could do to improve our team, but nothing that was good enough to do.” The Vertical’s Adrian Wojnarowski claims that Boston was willing to make both of the Nets‘ first-round picks available (Twitter link).
- Nets GM Sean Marks didn’t indicate if he tried to trade Brook Lopez, tweets Brian Mahoney of The Associated Press. “Brook’s here and we’re happy he’s here,” Marks said when asked about the veteran center. “He’s been the face of this franchise for a long time.”
- After shipping Mike Scott to the Suns, the Hawks have two open roster spots, notes Chris Vivlamore of The Atlanta Journal Constitution (Twitter link). The team will focus on the buyout market and possibly D-League callups.
Nets Waive Marcus Thornton
Thursday, 2:49 PM: Brooklyn has officially waived Thornton, according to a team press release.
Wednesday, 8:04 PM: The Nets will waive Marcus Thornton, a source tells Adrian Wojnarowski of the Vertical reports (Twitter link). Thornton came to Brooklyn in the Bojan Bogdanovic deal earlier today.
Thornton is on a one-year, $1.3MM deal, which is fully guaranteed. He was seeing regular minutes for the Wizards before rookie Sheldon McClellan took his role off the bench and the 29-year-old shooting guard didn’t play in Washington’s last 21 games.
In the 33 appearances this season, Thornton averaged 6.6 points and 1.2 assists per game while shooting 35% from the field. He’s also sported a 10.5 player efficiency rating.
Celtics Rumors: Butler, George, Bogut, Fultz
The Celtics remain hopeful of acquiring either Jimmy Butler or Paul George before the trade deadline but it’s more likely they’ll hold onto their main assets, Steve Bulpett of the Boston Herald reports.
One sticking point is that GM Danny Ainge is reluctant to part with the first-round pick the Net owe them this summer via a swap of positions, Bulpett continues. An agent with connections to the potential deal between the Bulls and Boston informed Bulpett that Ainge’s unwillingness to deal the pick scuttled preliminary discussions. The Pacers would likely want that same pick as part of any deal involving George, Bulpett speculates.
Unless a blockbuster deal is worked out that would give them a serious chance of supplanting the Cavaliers in the Eastern Conference, the Celtics have no real incentive to move their most prized assets, the thinking goes in the Boston front office. According to another league executive, teams have offered solid veterans to Boston but Ainge only wants to a “real star” for those assets, Bulpett writes in a separate column.
Other nuggets involving the Celtics possible moves:
- Andrew Bogut, whom the Mavs agreed to trade to the Sixers today, could be re-routed to the Celtics, David Aldridge of NBA.com tweets. However, ESPN’s Chris Haynes tweets that Philadelphia is expected to engage in buyout talks with the veteran center.
- Ainge wants to remain a player in this summer’s free agent market unless he can obtain a franchise cornerstone today or via the draft, according to Bulpett. If the Celtics end up holding onto the Nets pick, Washington freshman Markelle Fultz could be the player they’re coveting.
- A lesser trade involving a forward such as the Grizzlies’ JaMychal Green or Suns’ P.J. Tucker remains a possibility, Bulpett adds.
Rival Execs Unconvinced Nets Will Move Brook Lopez
- Within his latest rumor notebook for HoopsHype, Alex Kennedy writes that rival executives believe Sixers big man Jahlil Okafor is much more likely to be moved at the deadline than Nets center Brook Lopez. Kennedy notes that Okafor has received interest from the Kings, while Keith Pompey of The Philadelphia Inquirer says the Lakers could be in the mix for Okafor. In a non-trade item, Kennedy also adds the Heat to the list of potential suitors for veteran free agent Larry Sanders.
Latest On The Pistons, Drummond, Caldwell-Pope
The Pistons are “welcoming offers” for Andre Drummond and Kentavious Caldwell-Pope, according to Mark Stein of ESPN.com. It’s likely that Drummond stays with the franchise, as he’s beloved by owner Tom Gores, but the softened stance on the big man opens up the door on a potential trade.
The Blazers had discussions with the Pistons about bringing Drummond to Portland, but those talks ended when Detriot insisted on receiving C.J. McCollum in return, sources tell Ramona Shelburne of ESPN.com. Stein notes that the Blazers view McCollum as untouchable.
Stein adds that the Raptors and Pistons have had exploratory conversations on Drummond. Detroit has also engaged in conversations with the Nets. Before DeMarcus Cousins was traded to the Pelicans, the Pistons discussed a deal with the Kings centered around a Cousins-Drummond swap.
Drummond signed a max contract with the team over the summer. Caldwell-Pope will be a restricted after the season and the team is reportedly wary about having to give the shooting guard a sizable deal. Stein notes that the team is looking for at least one first-rounder in exchange for KCP.
If the Pistons hold onto Caldwell-Pope and re-sign him to a max deal in the offseason, they would be near the luxury tax line. That’s not an attractive position to be in for a team that sits below .500. However, coach/executive Stan Van Gundy tells Vince Ellis of the Detriot Free Press that ownership has not issued any mandate to shed salary this season.
Nets Trade Bojan Bogdanovic To Wizards
7:53 PM: The trade is official, according to a Nets’ press release.
3:01 PM: The Nets and Wizards have agreed to a deal that will send Bojan Bogdanovic to Washington, reports Adrian Wojnarowski of The Vertical (via Twitter). Wojnarowski had previously identified the Wizards and Kings as teams with interest in the Brooklyn sharpshooter.
In exchange for Bogdanovic and Chris McCullough, who will also head to Washington in the deal, the Nets will receive Andrew Nicholson, Marcus Thornton, and the Wizards’ 2017 first-round pick, according to Wojnarowski (Twitter links). The pick will be lottery protected, per ESPN’s Zach Lowe (Twitter link).
Bogdanovic, who will turn 28 in April, was the 31st overall pick in the 2011 draft and eventually arrived stateside to join the Nets in 2014. The 6’8″ forward is is enjoying a career year this season, with 14.2 PPG and a .357 3PT% in 55 games so far.
Although Bogdanovic is on an expiring deal, he’ll be eligible for restricted – rather than unrestricted – free agency this summer. His matching rights will now be held by the Wizards, rather than by Brooklyn, and that has some value. The Nets know first-hand that it can be difficult to steal an RFA away from another team — the club had offer sheets for Allen Crabbe, Tyler Johnson, and Donatas Motiejunas matched in 2016.
Depending on whether the Wizards want to commit to Bogdanovic beyond the 2016/17 season, they may have to worry about re-signing two key RFAs in the summer, as Otto Porter is also on track for restricted free agency.
From the Nets’ perspective, the club gets another first-round pick in what’s expected to be a deep and talented draft. That probably makes the deal a win for GM Sean Marks, even though the Wizards’ pick currently projects to fall just 24th overall, as our reverse standings show. The Nets, of course, don’t have their own first-rounder, but they’ll also get Boston’s pick, setting them up for two selections in the 20s.
As for the financial details of the trade, the Nets had been well below the salary floor, but they’ll inch about $2.3MM closer to that mark by taking on Nicholson and Thornton, who combine to earn more than $7MM. Meanwhile, the Wizards will cut costs a little by taking on Bogdanovic ($3.57MM) and McCullough ($1.19MM). Washington should also be able to create a traded player exception in the deal worth about $2.5MM.
While Bogdanovic and Thornton are free agents at season’s end, Nicholson and McCullough are controllable through the 2018/19 season. McCullough will be eligible for restricted free agency in the summer of ’19, while Nicholson has a player option for the ’19/20 season.
Photo courtesy of USA Today Sports Images.
Southeast Notes: Porter, Heat, Plumlee, Magic
The Wizards may not be finished dealing after a multi-player trade with the Nets this afternoon, tweets Tim Bontemps of The Washington Post. Washington will continue to look for help through Thursday’s trade deadline at 3 p.m. Eastern. Today’s deal, which sent Andrew Nicholson, Marcus Thornton and this year’s first-rounder to Brooklyn in exchange for Bojan Bogdanovic and Chris McCullough, clears cap space to help the Wizards re-sign Otto Porter this summer, notes David Aldridge of TNT (Twitter link). Nicholson, who had fallen out of the rotation in Washington, still has three seasons and nearly $20MM left on his contract.
There’s more from the Southeast Division:
- Bogdanovic has a 15% trade kicker, notes Bobby Marks of The Vertical (Twitter link). That amounts to $157K, which Brooklyn will pay, but his cap hit for the Wizards is now $3.73MM.
- The Heat will avoid any deadline moves that would tie up their future cap space, writes Barry Jackson of The Miami Herald. That makes them unlikely to pursue the Nuggets’ Wilson Chandler or the Nets’ Trevor Booker, who both have contracts that extend beyond this season. Jackson cites a rival GM who has spoken to Miami about a deal and believes “they seem content to stand pat.”
- Miami expects to have Josh Richardson back in the lineup for Friday’s game, according to a tweet from the team. A foot injury has kept him out of the lineup since January 8th. “He’s had a healthy approach the last 4-5 weeks to prepare,” said coach Erik Spoelstra. Justise Winslow won’t be back this season, but he is making progress from shoulder surgery, the Heat noted (Twitter link), as his sling has been removed.
- Hornets center Miles Plumlee will be out of action for at least two weeks with a right calf strain, the team posted on its website. An MRI revealed the second-degree strain, and Plumlee will be re-evaluated in 14 days. He has played just five games for Charlotte since being acquired from the Bucks in a February 2nd trade.
- Despite a 21-37 record, the Magic have no plans to tank the rest of the season, according to Josh Robbins of The Orlando Sentinel. Orlando is currently fourth in our Reverse Standings and would have an 11.9% chance of winning the lottery. Coach Frank Vogel believes it would be a mistake to try to improve those odds by losing on purpose. “As a coach, you worry about one thing, and that’s getting a group of guys that haven’t won in five years to learn how to win,” Vogel said. “That’s more important than any one player you can add.”
Woj’s Latest: Bogdanovic, KCP, Butler, Sixers
The Kings still had four days to go before the 2017 trade deadline when they agreed to send DeMarcus Cousins to the Pelicans, but the team rushed to finalize the trade so that owner Vivek Ranadive wouldn’t change his mind about wanting to move the star center, Adrian Wojnarowski says in a podcast for The Vertical.
Both Wojnarowski and Bobby Marks were somewhat critical of the Kings, pointing out that the team should have been able to find a way to move Matt Barnes in the process of trading Cousins, rather than releasing him and eating his $6.4MM+ guaranteed salary for 2017/18. Wojnarowski also said that multiple free agents in recent years have used the Kings for leverage or turned down more money from Sacramento sign elsewhere, suggesting that the club needs to make good decisions and improve its reputation going forward.
The Vertical’s team, including Wojnarowski, Marks, and Chris Mannix, tackled many more topics within that podcast and a live chat with fans on Facebook, so let’s dive in and round up some of the highlights…
- The Wizards don’t want to trade a first-round pick for a rental player, but the team does have “significant interest” in Nets sharpshooter Bojan Bogdanovic, who will be a restricted free agent this summer. Wojnarowski also adds the Kings to the list of teams with real interest in Bogdanovic.
- Although the Pistons “love” Kentavious Caldwell-Pope, they’re hesitant about giving him a maximum salary contract in the offseason, so they have been open to listening to inquiries on him to gauge his value, says Wojnarowski. While Stan Van Gundy did say last month that no one on the roster is untouchable, a KCP deal seems like a long shot.
- If the Bulls are going to consider moving Jimmy Butler, they’ll need to blown away by an offer, per Wojnarowski. Mannix adds that the Celtics believe Jaylen Brown has star potential and would be very reluctant to include him in an offer for Butler.
- In recent weeks, the Sixers have shifted their focus from trading Nerlens Noel to trading Jahlil Okafor, but if the team doesn’t find a deal it likes for Okafor, Noel remains a trade candidate, says Wojnarowski. Although the Bulls have had “pretty consistent interest” in Okafor, Philadelphia continues to value him like a former third overall pick, and teams around the league are less bullish on his value, according to Woj.
- The Rockets, Thunder, and Hawks are among the teams on the lookout for help. Mannix says Houston remains in the market for a frontcourt piece, while Wojnarowski says the Thunder are still seeking a wing scorer. Woj also notes that Atlanta is focused on building around Paul Millsap, despite the fact that he can opt out this summer.
- The market for Nets center Brook Lopez is “really limited,” since the market is somewhat over-saturated with that type of player, says Wojnarowski.
- The Clippers are reluctant to give up any more draft picks, particularly for rental players, so they’re a candidate to dive into the buyout market after the deadline, according to Wojnarowski, who adds that the club has had some interest in Wilson Chandler and Nikola Mirotic.
- According to Wojnarowski, the Trail Blazers remain committed to Damian Lillard and C.J. McCollum as core pieces, and are taking the long view on their roster rather than pushing for a playoff spot this season.