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Buyout Remains Possible For Dwyane Wade, Bulls

August 17th, 2017 at 10:59am CST by Luke Adams

AUGUST 17, 10:59am: The original article at ESPN.com on Wade and the Bulls has been updated (hat tip to Blog A Bull) — without a source to confirm his initial claim, Friedell no longer suggests a buyout is “expected.” While Friedell has backed off that assertion, he still says that “nobody would be surprised” if Wade decides he wants out of Chicago and reaches a buyout agreement with the team in the next few months.

AUGUST 16, 3:18pm: Few NBA teams are expected to drop in the standings this season like the Bulls, who lost two of their top players this summer when they traded Jimmy Butler and waived Rajon Rondo. The third member of last season’s “three alphas” – Dwyane Wade – also isn’t long for Chicago, according to Nick Friedell of ESPN, who writes that Wade and the Bulls are expected to reach a buyout agreement at some point in the coming months.

Wade, who inked a two-year deal with the Bulls in 2016, had a player option for the 2017/18 season, giving him the opportunity to head elsewhere in free agency if he so chose. Wade opted in before the Bulls traded Butler and cut Rondo, though it’s not clear if those moves would have impacted his decision anyway — exercising his player option puts Wade in line to earn $23.8MM this season, and he wouldn’t have matched that annual salary if he’d opted out and signed a new contract.

Still, shortly after Wade opted in and the Bulls opted to rebuild, rumors begin to swirl about a possible buyout. For their part, the Bulls have attempted to put those rumors to rest. Executive VP of basketball operations John Paxson suggested in June that any buyout agreement would have to be “advantageous” to the franchise, and head coach Fred Hoiberg said last month that he didn’t expect Wade to be bought out.

At the time Hoiberg made his comments in July, Friedell indicated there was a “widespread belief” among Bulls officials that Wade wouldn’t be willing to give up enough of his $23.8MM salary to make a buyout worthwhile for the club. Considering Friedell is now writing that an agreement is expected to happen at some point in the next few months, he may have heard something in recent weeks that influenced his view on the subject, though it’s worth noting that he doesn’t cite any sources.

There’s no real deadline for the Bulls and Wade to reach a buyout agreement, though veterans are generally bought out before March 1 so that they retain their playoff eligibility. As Friedell details, Chicago has shifted to full-fledged rebuilding mode and shouldn’t mind finishing among the NBA’s cellar-dwellers in 2017/18. Parting ways with Wade would help out the Bulls in their race to the bottom, so it’s possible the team won’t wait until February to explore a buyout.

Community Shootaround: Dwyane Wade

August 16th, 2017 at 10:12pm CST by ChrisCrouse

The Bulls inked Dwyane Wade to a two-year contract last offseason, but the franchise has undergone some renovations with an eye on rebuilding for the future. Wade, at age 35, doesn’t appear to fit in those plans and earlier today, it was reported that he and the team are expected to work out a buyout agreement in the coming months.

Should the future Hall of Famer reach a buyout agreement with Chicago, where is the best place for him to continue his career?

Cleveland might be a logical fit given his friendship with LeBron James. Houston would give Wade an opportunity to play alongside James Harden and Chris Paul to form one of the best backcourt rotations in recent memory. The Heat seem like they’re one player away from breaking into the Eastern Conference’s top-4 and Wade could be that contributor that helps get Pat Riley home court in the opening round of the playoffs.

The Spurs could use Wade as a primary ball handler until Tony Parker returns from injury then watch the shooting guard’s minutes to ensure he stays healthy for a playoff run. A lineup of Parker, Wade, Kawhi Leonard, LaMarcus Aldridge and Pau Gasol with Patty Mills, Danny Green, Manu Ginobili and a potentially healthy Rudy Gay coming off the bench would be a tough out in the playoffs.

Do you feel Wade should sign with any of the aforementioned teams or is there another club that would be a better fit? Let us know your thoughts in the comment section below. We look forward to what you have to say!

What’s Next For Unsigned Restricted Free Agents?

August 14th, 2017 at 3:02pm CST by Luke Adams

An unusually high number of notable restricted free agents remain unsigned as August nears its halfway point, and the rumor mill has been quiet on those players as of late. After the league-wide free agent spending spree in the summer of 2016, many of these RFAs likely entered free agency this year anticipating huge paydays, and were disappointed to see many potential suitors use up their cap room quickly.

Here’s the current list of restricted free agents still on the board:

JaMychal Green (Grizzlies)
Alex Len (Suns)
Nikola Mirotic (Bulls)
Nerlens Noel (Mavericks)
Mason Plumlee (Nuggets)

The updates on those players have been few and far between over the last month or so. Early in free agency, Green’s agent seemed pessimistic about his client remaining in Memphis, suggesting that the Grizzlies seemed to be going in a “different direction.” However, with no offer sheet yet in hand, Green still looks like a decent bet to stay with his current team.

Plumlee, meanwhile, may not have as clear as role as the Nuggets initially envisioned when they acquired him, since the team nabbed Paul Millsap in free agency. Denver gave up a lot in the trade for Plumlee and presumably still wants to bring him back as Nikola Jokic‘s backup at center. But with Millsap making approximately $30MM annually and Jokic due for a mega-deal of his own as soon as next summer, the Nuggets may be reluctant to invest heavily in Plumlee as well.

As for Len, Mirotic, and Noel, there has been little indication that they’re going anywhere — all three of their respective teams still have a ton of cap flexibility, and could comfortably match virtually any offer sheet they’re dealt. Those offer sheets just don’t seem to be out there right now, since almost every team with the ability to make a big offer has its own RFA to worry about.

Besides Phoenix, Chicago, and Dallas, there are a small number of teams that could make an aggressive offer for a restricted free agent. The Sixers are really the only other club with a significant amount of leftover cap room, and based on their one-year agreements with J.J. Redick and Amir Johnson, it appears Bryan Colangelo and company want to avoid multiyear commitments that would compromise their 2018 cap space.

So what’s next for these restricted free agents? October 1 is the next key date to watch. That’s the day that each RFA’s qualifying offer will expire. Up until that point, any of those five players could accept the qualifying offer and play on a one-year deal, opting to try his luck at the open market again in 2018 as an unrestricted free agent. Green, Len, Mirotic, Noel, and Plumlee all figure to still be looking for longer-term deals, but it wouldn’t surprise me to see one or two of them signs that QO.

If an RFA situation remains unresolved beyond October 1, the player is still restricted, but no longer has the option of accepting his qualifying offer. With the regular season fast approaching at that point, players don’t have much leverage, and a situation can go south in a hurry.

A year ago, it was December before Donatas Motiejunas finally found an offer sheet, but that lucrative four-year deal with the Nets fell through after Houston matched it — the Rockets and Motiejunas couldn’t agree on incentive details, the forward skipped his physical, and the two sides eventually parted ways. Motiejunas, who later signed for the minimum and is now out of the NBA, could act as a cautionary tale this fall for RFAs who don’t yet have a deal when training camps begin.

Photo courtesy of USA Today Sports Images.

And-Ones: Sellers, Superteams, Ayres

August 12th, 2017 at 9:08am CST by Austin Kent

After a quiet offseason, the Magic could be one of the league’s biggest sellers, Steve Kyler of Basketball Insiders writes. Other teams that could look to aggressively shop their assets include the Suns and Hawks.

Orlando’s front office was smart to lay low and gauge their own in-house talent, Kyler says, now they’ll look to start shaping their future with a number of notable trade chips ranging from Nikola Vucevic on a $12.3MM contract to D.J. Augustin ($7.3MM).

Phoenix, having stockpiled youth for years, could be in a similar boat, eager to unload contributing pieces to the highest bidder. While linked to Kyrie Irving for much of the past few weeks, the Suns won’t be afraid to shop players like Tyson Chandler or Eric Bledsoe around elsewhere if it means they can improve their standing as a franchise.

Kyler notes that the Hawks, fresh off of a summer that saw them part ways with Paul Millsap and Dwight Howard, could be in the market to deal. The club, he says, is in full-rebuild mode now after a year of half measures.

The Nuggets, Bulls and Lakers, Kyler says, could also be sellers over the course of the 2017/18 campaign.

There’s more from around the league.

Former NBA big man Jeff Ayres has signed a contract to play with Eskisehir Basket in Turkey, Emiliano Carchia of Sportando reports.
An ESPN Insider report penned by Kevin Pelton zeroes in on the league’s most recent transactions, suggesting that the Knicks‘ move to land Michael Beasley could reflect that the organization is bracing for a future without Carmelo Anthony.
The Superteam Era has hurt the chances small market teams have to compete and there’s no sign that it will end any time soon, Chris Mannix of The Vertical writes. So long as players are willing to forego max money in order to sign with other stars, there’s little the league can do to curb it.

Poll: Which Central Team Had Best Offseason?

August 7th, 2017 at 9:01am CST by Luke Adams

When we asked last week which Atlantic and Northwest teams have enjoyed the best offseasons of 2017, there were a handful of teams deserving of consideration. Several of the 10 teams from those divisions landed star players or deftly maneuvered the salary cap to upgrade their rosters in other ways.

In the Central division, the candidates are a little less impressive.

The Bulls and Pacers were on the other end of two of those trades that sent All-Star players to Northwest teams, with the clubs trading away Jimmy Butler and Paul George, respectively. In both cases, the return left something to be desired — Chicago received Zach LaVine, Kris Dunn, and Lauri Markkanen, while the Pacers landed Victor Oladipo and Domantas Sabonis.

Indiana has at least has made some savvy moves in the weeks since the George trade, picking up Cory Joseph, Darren Collison, and Bojan Bogdanovic on affordable contracts, while the Bulls have only re-signed Cristiano Felicio and added Justin Holiday.

The defending Central – and Eastern – champions may join those two teams soon in having traded away an All-Star player, but for now Kyrie Irving remains with the Cavaliers. Cleveland’s offseason grade is probably incomplete until we see what the team does with Irving, but so far the Cavs’ summer moves have been somewhat underwhelming. The additions of players like Derrick Rose, Jeff Green, Jose Calderon, and Cedi Osman were solid, but they were hardly the sort of transformative moves the clubs envisioned heading into the offseason.

The up-and-coming Bucks showed signs last season suggesting they could be an Eastern Conference force within the next year or two, but with Greg Monroe and Spencer Hawes opting into their respective contracts, Milwaukee’s flexibility to make additions has been limited. Outside of re-signing Tony Snell, the Bucks have essentially been quiet in free agency — the team’s most notable additions came in the draft, when D.J. Wilson and Sterling Brown joined the roster.

Of the five Central teams, the Pistons have perhaps been the most active in adding roster reinforcements, though your view of their offseason may hinge on how you feel about Kentavious Caldwell-Pope. Detroit let its top restricted free agent walk, opting to replace him by signing Langston Galloway and trading Marcus Morris for Avery Bradley. Other minor moves for the Pistons included re-signing Reggie Bullock and adding Anthony Tolliver.

What do you think? Which of the Central division teams had the best offseason? Did any of these teams take positive steps forward with their summer moves? Vote below in our poll and then jump into the comment section to share your thoughts.

Trade Rumors app users, click here to vote.

Previously:

Bulls Sign Ryan Arcidiacono To Two-Way Deal

August 1st, 2017 at 12:06pm CST by ChrisCrouse

AUGUST 1: The Bulls have officially signed Arcidiacono to a two-way contract, the team confirmed today in a press release.

JULY 24: The Bulls have agreed to a deal with Ryan Arcidiacono, Daniele Labanti of Corriere Di Bologna reports. Sean Highkin of The Athletic confirms the signing and adds that it will be a two-way deal.

The Bulls now have used both of their two-way contracts with the team adding Antonio Blakeney to a contract last week. You can keep up with every team’s two-way contract signings with our 2017/18 NBA Two-Way Contract Tracker.

The Villanova product played for Chicago’s Summer League team in Las Vegas this offseason. He was set to play for JuveCaserta Basket in Italy before the team was excluded from the Italian League Series A because of financial difficulties.

Anthony Morrow Still Looking For Offers

July 30th, 2017 at 9:09am CST by Arthur Hill

Nearly a month into free agency, former Thunder shooting guard Anthony Morrow is still trying to find a team, notes Berry Tramel of The Oklahoman. Morrow, who will turn 32 in September, was shipped to Chicago at the February trade deadline after spending two and a half years in Oklahoma City. He was expected to get more playing time with the Bulls, but appeared in just nine games and averaged 9.7 minutes after the deal. OKC already has 16 players on its roster, so a return to the Thunder seems unlikely.

Central Notes: Rose, Parker, Mirotic, Harris

July 28th, 2017 at 7:25pm CST by marksuleymanov

Newest Cavaliers point guard Derrick Rose, who signed with the club on a one-year, $2.1MM veteran’s minimum contract, is viewed by the team as a backup, Cleveland.com’s Chris Fedor writes. New Cavs general manager Koby Altman was careful in describing his new point guard, stating that the former Most Valuable Player will be an asset off the bench.

Entering free agency, Rose reiterated on many occasions that his goal was to sign a max contract in free agency. After a decent – if unspectacular – year with the Knicks in 2016/17 that ended with knee surgery, Rose’s free agency destinations dwindled, as did his salary. However, Altman noted that Rose was mostly interested in a winning environment.

“He wanted to be in a place where he can play with excellent players and a place where he can play in meaningful games,” Altman said at his introductory press conference.. “It’s funny, he uses the term, ‘I just want to hoop.’ He just wants to be here. He’s excited to be here. He’s in a great space mentally and his body looks great and we’re really excited about him. He came here for the opportunity to win. He came here for the opportunity to play with other great players.”

Rose, still just 28 years old, will focus on helping the team, even if it means sacrificing playing time.

Below are additional links around the Central Division:

Bucks‘ forward Jabari Parker is recovering from a second tear of his ACL but is recovery is going well, he tells ESPN’s Nick Friedell. The 22-year-old has previously suffered a tear in the same ACL but despite not having a return date in mind, he expects to be back on the court this upcoming season.
Pistons head coach Stan Van Gundy views Tobias Harris as a starter but it will be up to the rest of the team’s performance to see if he becomes a starter, NBA.com’s Keith Langois writes.
Nikola Mirotic, who is currently in talks with the Bulls, will not play in Eurobasket 2017, according to Sportnado. Mirotic’s focus is his NBA career, the brief report states.

Bulls, Blazers, Raptors Hold Largest Trade Exceptions

July 26th, 2017 at 11:38am CST by Luke Adams

When an over-the-cap NBA team sends out more salary than it receives in a given trade, that team can generally create a traded player exception. As we explain in our glossary entry, a traded player exception serves as a way for a team to acquire talent without using cap room to do so.

Traded player exceptions last for one year from the time they’re created, and can be used to absorb a player’s contract in a trade without sending out any salary in return. Trade exceptions can’t be combined with another exception or another contract, but they have $100K worth of wiggle room. So, a team with a $9.9MM TPE could trade for a player earning $10MM without any outgoing salary involved in the deal.

In recent weeks, a handful of teams – including the Hornets, Clippers, and Cavaliers – have seen trade exceptions created last July expire without being used. However, none of those TPEs was substantial. All of this year’s biggest TPEs are still available, though some are more likely to be used than others.

Here’s the current list of the top 10 traded player exceptions available around the NBA, along with each TPE’s expiration date:

Chicago Bulls: $15,311,329 (6/22/18)
Portland Trail Blazers: $12,969,502 (7/25/18)
Toronto Raptors: $11,800,000 (7/13/18)
Toronto Raptors: $7,630,000 (7/14/18)
Los Angeles Clippers: $7,273,631 (6/28/18)
Milwaukee Bucks: $5,000,000 (2/23/18)
Oklahoma City Thunder: $4,936,529 (11/1/17)
Cleveland Cavaliers: $4,837,500 (1/7/18)
New Orleans Pelicans: $3,517,200 (2/20/18)
Oklahoma City Thunder: $2,550,000 (7/6/18)

While some of these TPEs are quite sizable, there’s a good chance that most of them will go unused. Many of the clubs on this list are near or above the luxury tax threshold, and will be reluctant to acquire an expensive player without dumping any salary as part of the deal.

The Blazers, Raptors, Clippers, Bucks, Thunder, and Cavaliers all fit that bill, though some of those clubs may be willing to bite the tax-penalty bullet, while others could wait until next July when some contracts expire to use their respective TPEs.

As for the Bulls, no team has a more significant TPE than the one Chicago created as part of June’s Jimmy Butler trade. But that exception is somewhat hollow at the moment — the Bulls only have $73.25MM in guaranteed salaries on their 2017/18 cap, so the club could actually create an even greater chunk of cap room by renouncing its trade exception, along with its other cap holds and exceptions. Still, there’s no reason to do that now. That TPE could come in handy later if the Bulls re-sign Nikola Mirotic and much of that potential cap space disappears.

The full list of current NBA trade exceptions can be found right here.

Cavaliers Were Close To Acquiring Paul George

July 23rd, 2017 at 9:50am CST by Arthur Hill

The Cavaliers nearly landed Paul George in a three-team deal in late June, according to ESPN’s Ramona Shelburne, Dave McMenamin and Brian Windhorst.

The trade would have sent Kevin Love to Denver and Gary Harris and other assets to Indiana, but Pacers president Kevin Pritchard reportedly backed out before everything was finalized.

Prior to the draft, Cleveland made trade offers to the Pacers for George and to the Bulls for Jimmy Butler. Once the Wolves acquired Butler on draft night, the Cavs stepped up their efforts for George, with the Nuggets agreeing to send Harris and the No. 13 pick to Cleveland, which would include those assets in a deal with Indiana. However, the Pacers put the trade on hold as they talked to the Trail Blazers about a deal to acquire all three of Portland’s first-rounders in exchange for George. Both proposals eventually fell through.

The Cavs continued to work on the trade following the draft, and an agreement was reached on June 30th. All three teams tentatively okayed to the deal on a conference call, and Cleveland began targeting free agents to fit with George. However, Pritchard changed his mind and the news broke soon after that George was headed to Oklahoma City.

The failed trade was part of a tumultuous offseason for the Cavaliers, as the ESPN authors examine in a lengthy piece. Cleveland also parted ways with GM David Griffin and was unable to land Chauncey Billups, who interviewed twice as a potential replacement. The team missed out on marquee free agents and had to settle for Jose Calderon and Jeff Green. Then star guard Kyrie Irving held a meeting with owner Dan Gilbert on July 7th where he issued a request to be traded.

Irving was reportedly angry that his name had been included in offers for Butler and George, and has been unhappy for some time with how much James dominates the ball. He also believes the team defers too much to James, noting that LeBron’s friend, Randy Mims, was given a position as executive administrator and flies on the team plane, while none of Irving’s friends has a similar arrangement.

The front office and the players have been aware of Irving’s intentions for two weeks, and there is confidence in the organization that the team can get enough assets for Irving to remain a contender. The Cavs have been inundated with calls from interested teams since the story broke on Friday.