Knicks Trade Willy Hernangomez To Hornets
1:29pm: The Knicks and Hornets have both confirmed the trade, issuing press releases to announce the deal.
“We’re excited to add a player of Willy’s caliber to our team,” Hornets GM Rich Cho said in a statement. “He showed last season that he can contribute when given the opportunity and we believe that the added depth he provides will benefit our frontcourt rotation.”
In his own statement, Knicks GM Scott Perry said the deal gives the Knicks “valuable” draft picks and better positions the club as it builds for the future.
10:22am: The Knicks are in the process of finalizing a trade with the Hornets that will send center Willy Hernangomez to Charlotte, reports Shams Charania of Yahoo Sports. According to Charania, the Knicks will receive Johnny O’Bryant and a pair of second-round picks in the deal.
Those second-rounders headed to New York will be Charlotte’s own picks in 2020 and 2021, tweets Charania. Michael Scotto of The Athletic adds (via Twitter) that they’ll be unprotected.
A second-round pick himself in 2015, Hernangomez signed his first NBA contract with the Knicks in the summer of 2016 and played 72 games (22 starts) during the 2016/17 campaign. He averaged a respectable 8.2 PPG and 7.0 RPG for New York in just 18.4 minutes per contest in his rookie year, and appeared to be one of the promising young building blocks for the franchise.
This season, however, the arrival of Enes Kanter and the strong play of Kyle O’Quinn have resulted in a significantly reduced role for Hernangomez, who has averaged just 9.0 MPG in 26 contests. Even with Joakim Noah not really in the mix at center for the Knicks this season, there has been little room in the rotation for Hernangomez, prompting the young big man to repeatedly express a desire to play more. We heard earlier this week that the 23-year-old’s reps had requested a trade.
For the Knicks, the move comes on the heels of Kristaps Porzingis‘ season-ending ACL injury. Entering the season, the team had identified Porzingis and Hernangomez as two core pieces for its rebuild, along with Frank Ntilikina and Tim Hardaway Jr. Now, in the span of two days, Porzingis has potentially been lost until the 2019 calendar year, while Hernangomez is headed to Charlotte.
As for the Hornets, they’ll pick up an intriguing prospect who still has two more years left on his contract after the 2017/18 season. That contract is extremely team-friendly, with Hernangomez set to earn $1.54MM in 2018/19 and $1.68MM in 2019/20. Those modest salaries are especially appealing for the Hornets, whose cap sheet is currently overloaded with eight-figure salaries.
While Hernangomez is a nice pickup for the Hornets, the team runs the risk of creating the same sort of frontcourt logjam that plagued the Knicks. Dwight Howard is the starting center in Charlotte, with Cody Zeller and Frank Kaminsky also earning minutes at the five. It will be interesting to see if the Hornets plan to hang onto all those players through Thursday’s trade deadline.
Since they can take on O’Bryant’s salary using the minimum salary exception, the Knicks will create a very minor trade exception in the swap — it’ll be worth $1,435,750, the amount of Hernangomez’s salary for 2017/18.
Meanwhile, the two draft picks acquired by New York in the deal will essentially replace the Knicks’ own 2020 and 2021 second-rounders, which the team traded to Philadelphia back on draft day in 2015. The Knicks’ return in that trade with the Sixers was the No. 35 overall pick in the 2015 draft — the selection used to nab Hernangomez.
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.
Mannix’s Latest: G. Hill, Hornets, Hawks, Suns
The Cavaliers continue to engage the Kings about a possible George Hill trade, sources tell Chris Mannix of Yahoo Sports. However, the Cavs would like to include both J.R. Smith and Iman Shumpert in their package for Hill, and taking on multiple expensive non-expiring contracts doesn’t appeal to Sacramento. Meanwhile, the Kings are quietly looking to get a third team involved in a potential deal, according to Mannix.
Mannix’s latest trade rumor roundup features several more tidbits of interest related to Thursday’s deadline, so we’ll pass along the highlights…
- The future of GM Rich Cho in Charlotte is uncertain, which may complicate the Hornets‘ deadline plans. According to Mannix, there are rumblings about former Lakers GM Mitch Kupchak being a candidate to join the Hornets’ front office in the offseason. Gery Woelfel of The Racine Journal Times wrote last week that Kupchak is considered likely to be hired by an Eastern Conference team this summer.
- Some teams with interest in Marcus Smart view the Celtics‘ asking price of a first-round pick as “unrealistic,” says Mannix.
- The Hawks have made “everyone” available, and while much has been written about the club’s veteran trade candidates, second-year swingman Taurean Prince is another player who has drawn interest, according to Mannix.
- The Magic have shopped Mario Hezonja “hard” in recent days, per Mannix.
- According to Mannix, the Suns are willing to move veterans like Tyson Chandler and Jared Dudley. Neither player’s contract is particularly team-friendly though, so it may be tough for Phoenix to find any value.
- The Clippers say they’re okay with holding onto DeAndre Jordan and Lou Williams through the deadline, but rival clubs are skeptical, says Mannix.
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.
Luxury Cap Crunch Could Prompt Undesirable Moves
The Hornets are in a precarious position financially considering that franchise owner Michael Jordan has said that he’s unwilling to dip into the luxury tax for anything less than a deep playoff contender. Rick Bonnell of The Charlotte Observer wonders if that could lead to a drastic cap-clearing move.
Charlotte is a shade below the tax line this season, but is already on the hook for about $118MM in 2018/19. That total, Bonnell notes, is for just 11 players. Unlike in years past, the salary cap and luxury tax threshold aren’t expected to rise considerably, so the fact that the Hornets would need to supplement their roster with extra bodies – including a lottery pick on the fixed rookie scale – could put them in a dangerous position.
The Hornets have six players slated to make $12MM or more next season, including Nicolas Batum and his $24MM price tag. While the team has time to find a solution, such conditions could potentially warrant a draconian quick fix, like dealing Jeremy Lamb and his $7.5MM deal for a future second-round pick.
- It has been a disappointing season for Hornets guard Nicolas Batum and while health has played a significant role in that, there’s no denying that his lofty contract is more palatable when he’s bringing more to the table. As Rick Bonnell of The Charlotte Observer writes, with head coach Steve Clifford back on the sidelines and a clear commitment to getting the ball in his hands early, the swingman has raised his game.
Southeast Notes: Wade, Zeller, Wilkins, Magic
Dwyane Wade spent his first 13 seasons as a member of the Heat and he wants to finish his career with the organization. Ira Winderman of the Sun-Sentinel writes that Wade, who is currently with the Cavaliers, wants to find a way back to South Beach before retirement.
“I have thought about it, of course. I wouldn’t lie and say I haven’t,” Wade said to Winderman of possibly rejoining the Heat. “When that opportunity comes, that day comes, hopefully, I can go out in a Miami Heat jersey. I don’t know how it will be, but I would love it.”
Wade, who recently turned 36, is enjoying a solid season off the bench for Cleveland, averaging 11.2 PPG, 4.0 RPG, and 3.7 APG in 44 games. The Heat are in the midst of a strong season, sitting in fifth place in the Eastern Conference with a 29-23 record. Wade said he has followed the team since his departure and is proud of how the team has meshed together to find success.
Ideally, Wade would finish his playing career with one final season in a Heat uniform. However, it is possible for Wade to sign a one-day ceremonial contract — similar to Paul Pierce with the Celtics — and officially retire as a member of the Heat.
Check out other news from the Southeast Division:
- Cody Zeller made his return on Friday after missing 21 games with torn left meniscus, providing a jolt for the Hornets. Brendan Marks of the Charlotte Observer writes that while it’s too early to tell how well Zeller has recovered, he could play a pivotal role as the Hornets make a playoff push.
- The Hornets’ G-League affiliate Greensboro Swarm announced that 10-year NBA veteran Damien Wilkins has joined the team. Wilkins started the year with the Pacers and now returns to the Swarm, a team he appeared in 48 games with last season.
- Magic general manager John Hammond does not characterize the 15-35 as sellers but acknowledged any moves Orlando makes at the deadline are with the future in mind, John Robbins of the Orlando Sentinel writes.
Bucks Interested In Malik Monk
In addition to looking for help at center, the Bucks are reportedly interested in potentially acquiring a shooting guard before next week’s trade deadline.
According to Gery Woelfel of the Racine Journal Times, one possible candidate is Hornets‘ rookie Malik Monk, who has fallen out of Charlotte’s rotation while working to improve his defense and adjust to the NBA game. League sources tell Woelfel that the Bucks have contacted Charlotte about Monk.
Woelfel adds that there is apparently a split in the Hornets’ hierarchy as to whether the team should hold on to Monk or move him. As highlighted before and mentioned above, the 19-year-old Monk has struggled for much of his rookie season, averaging a lowly 5.2 points per game on 33% shooting from the floor.
Perhaps not coincidentally, Monk’s best game of the season came against Milwaukee on November 1, when he poured in 25 points on five of eight from long range.
The Bucks are currently over the salary cap, but possess a $5MM trade exception that was created when they traded Roy Hibbert to Denver last season. The team also has some non-essential players that could be included in trades for salary-matching purposes.
Suns Plan To Be Aggressive In Free Agency
Suns GM Ryan McDonough has been encouraged by his team’s progress and is planning to make a strong push for free agents this summer, writes Scott Bordow of The Arizona Republic.
McDonough hopes to use cap space and future assets to upgrade the talent level for next season, saying, “The team is ready.” He cites Devin Booker‘s rise to stardom and the improvement of T.J. Warren, which gives the team a solid foundation.
“There are certain core pieces that are starting to solidify,” McDonough said. “I think we’d be foolish or naïve to wait forever or be overly patient. We’ve been, I think, relatively disciplined with contracts we’ve given out in terms of length and dollars, but yeah, we’re planning on being one of five of six teams with a decent amount of cap space, and we’ll see if we can improve the team.”
The Suns will enter free agency with about $20MM to spend, assuming they don’t re-sign center Alex Len, who will be an unrestricted free agent after the team decided not to extend his rookie contract. More cap room could be created by trading veteran center Tyson Chandler, who is under contract for more than $13.5MM next season, and swingman Jared Dudley, who will make $9.53MM.
Bordow lists several potential targets for the Suns, including restricted free agents Clint Capela, Aaron Gordon, Jusuf Nurkic, Elfrid Payton and Marcus Smart, unrestricted free agents Derrick Favors and Tyreke Evans and potentially unrestricted free agents Nikola Mirotic [team option] and Enes Kanter [player option].
The Suns are also in good shape to make a move on draft night, with the potential for three first-rounders. They have their own pick, which is currently at No. 5 in our Reverse Standings, Milwaukee’s selection from the Eric Bledsoe deal, which conveys between No. 11 and 16 and is now 16th, and Miami’s pick, which is top seven protected and is currently at No. 22.
“One of the things we’re excited about in this draft is if all the players we expect to declare are in, I think the strength of the draft is where we can use some help, at the one and the five primarily,” he said. “We’re kind of searching for answers long-term at those positions.”
The potential to draft a point guard makes it less likely the Suns will try to acquire Charlotte’s Kemba Walker, who has been linked to Phoenix in trade rumors, Bordow adds. Walker is 27 and has an expiring contract after next season, so he may not fit the Suns’ timeline. The team also is reluctant to make any moves that will reduce its cap space for this summer.
“I think for us to significantly cut into that and take us out of the free-agent market or make us less of a player in free agency, we would have to take a really good player coming back in return that fits with our young core,” McDonough said. “When I say young core, I don’t necessarily mean a guy 20 or 21 years old, but not a guy who’s in their 30s and closer to the end of their career than toward the beginning or the middle.”
Kemba Walker's Future Causing Anxiety In Charlotte
Kemba Walker is the Hornets‘ best and most popular player — which makes him the most desirable trade chip as the February 8 trade deadline approaches. There’s an anxiety over Walker’s future with Charlotte which will not subside until the deadline comes and goes, Tom Sorensen of The Charlotte Observer writes.
At this juncture, a trade of Walker during the season seems unlikely. The Hornets sport a 20-27 record, good for 11th place in the Eastern Conference and five games back of the Pacers for the eighth seed. Team owner Michael Jordan recently downplayed the rumors of a Walker trade, instead suggesting the team’s disappointing season has led the team to discussions with multiple teams.
Cody Zeller Days Away From Return To Scrimmages
The Hornets are expected to get Cody Zeller involved in team scrimmages in a matter of days Rick Bonnell of The Charlotte Observer writes. The forward has been sidelined since undergoing surgery to repair a torn meniscus in mid-December.
Zeller was a critical piece of the Hornets’ rotation before his injury and will look to settle back into his new role of manning the backup center position behind Dwight Howard as soon as he’s cleared to do so.
In 19 games of action for the Hornets, Zeller has averaged 7.2 points and 5.5 rebounds per game. His return will be much appreciated by a team that’s struggled mightily in the first half of 2017/18.