- Appearing on The Bill Simmons Podcast, Jimmy Butler confirmed that he left a June exit meeting with Bulls brass believing that he’d remain in Chicago. “I thought I was going to be there so I’m not going to say word for word what they said, but when I left there I did think I was going to be there,” Butler said, per Joe Cowley of The Chicago Sun-Times. “But like I said, it’s a business and it is what it is.”
Greg Monroe‘s name has been prevalent in trade rumors the last 12 months and not much has changed. The former seventh overall pick from the 2010 NBA Draft is still a productive asset but his lack of rim protection partnered with his sizeable salary ($17.8MM next season) make him an expendable player for the Bucks.
Before the Bucks faced the Jazz for Summer League action in Las Vegas Friday, Monroe told reporters, including Gery Woelfel of Woelfel’s Press Box, that he’s thrilled to be in Milwaukee and doesn’t want to go elsewhere.
“I’m happy,” Monroe, 27, said.“I had no reason to leave. I want to build on what we started last year. I’d like to stay but that’s up to them.”
Coming off the bench last season, Monroe averaged 11.7 PPG, 6.6 RPG, and shot 53% from the floor in 22.5 minutes per game. However, Giannis Antetokounmpo‘s new extension kicks in and Tony Snell (four years, $46MM) will take up a big chunk of the Bucks’ payroll so shedding Monroe’s salary remains an enticing proposition.
Here are additional notes around the Central Division:
- Free agent Jason Terry is drawing interest around the league, Woelfel notes in the same article. The 39-year-old was a solid veteran presence for the Bucks last season but his return to Milwaukee is not certain. Woelfel adds that a Western Conference squad is weighing an offer to the former NBA champion.
- After trading Marcus Morris to acquire Avery Bradley from the Celtics, the Pistons have high expectations from their new acquisition, Rod Beard of The Detroit News writes. Coach Stan Van Gundy expressed his excitement with Bradley joining the team while the Celtics’ second leading scorer last season is ready to maximize his skills under Van Gundy’s tutelage and alongside players like Reggie Jackson and Andre Drummond.
- Nikola Mirotic wants to remain with the Bulls and the feeling is mutual, Joe Cowley of he Chicago Sun-Times writes. While Chicago has undergone several changes — most notably trading away Jimmy Butler — the restricted free agent and the team are just waiting it out before likely agreeing to a deal. Mirotic also discusses Butler’s exit and his plans for the future.
- One of the Bulls’ newest acquisitions, Zach LaVine, is expected to be ready for training camp as he rehabs from knee surgery, ESPN’s Marc J. Spears tweets.
JULY 15: Blakeney’s contract is a two-year pact, per Sean Highkin of The Athletic (via Twitter). Two-way contracts can be for either one or two years.
JULY 14: The Bulls have finalized their first two-way contract, announcing today in a press release that they’ve signed Antonio Blakeney to one of their two-way spots. Chicago has one more opening to add another two-way player.
Two-way contracts, which were introduced Collective Bargaining Agreement, allow NBA teams to keep two extra players under club control without counting them as part of the typical 15-man roster. Those players will essentially be on G League contracts, but they’ll be paid more than the average G League player, and rival NBA teams won’t be able to sign them away from their current team. We go into more details on two-way contracts in our glossary entry on the subject.
Blakeney, who declared for the draft after his sophomore season at LSU, was considered a top-100 prospect by DraftExpress, but went undrafted last month. The 6’4″ guard caught on with the Bulls for Summer League and has made a strong impression in Las Vegas, averaging 16.8 PPG and 5.0 RPG in four Summer League games.
In his final year at LSU, Blakeney averaged 17.2 PPG and 4.8 RPG with a .511/.358/.724 shooting line for the season.
The Bulls have claimed shooting guard David Nwaba off waivers from the Lakers, according to Shams Charania of The Vertical (via Twitter). The Lakers waived Nwaba on Wednesday as a precursor to completing a deal with Kentavious Caldwell-Pope.
The 24-year-old Nwaba made his NBA debut with the Lakers in 2016/17 and earned himself a permanent roster spot after a strong showing following two 10-day contracts. While Los Angeles picked up Nwaba’s option for 2017/18, his salary remained non-guaranteed, giving the team the flexibility to create additional cap space.
Nwaba posted solid numbers in his 20-game cameo with the Lakers, averaging 6.0 PPG and 3.2 RPG in 19.8 minutes per game. The Lakers were intrigued by Nwaba’s development and defensive capabilities but understood he would likely be claimed off waivers, per Charania’s report.
The Bucks are looking to add an experienced front office executive to pair with new GM Jon Horst, Gery Woelfel reports on his blog. Sources tell Woelfel that the team has interviewed several candidates with extensive front office experience for its open assistant GM position.
“They want someone who has either been a GM or who has worked closely with a GM,’’ a source tells the scribe.
Milwaukee has shown interest in former Cavs GM Jim Paxson. Paxson, who is currently a consultant for the Bulls, recently met with the Bucks about their open position.
Woelfel adds (in another post) that Milt Newton, who previously served as the Wolves GM, also met with the team and is a serious candidate for the position.
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.
The Pistons are considering free agents like Jonas Jerebko and Anthony Tolliver for one of their open roster spots, according to Vince Ellis of The Detroit Free Press (Twitter links). Ellis adds that the team has also engaged with a handful of other players as it weighs how to fill that spot.
Having traded away Marcus Morris and lost Aron Baynes in free agency, the Pistons could use some frontcourt depth, but their ability to add another free agent is somewhat limited. Having already used their full mid-level exception, Detroit could make an offer with its $3.29MM bi-annual exception, but otherwise could only offer the minimum.
Here’s more from around the Central:
- Cavaliers owner Dan Gilbert met with assistant GM Koby Altman for dinner on Monday night to discuss the future of the club’s front office, sources tell Adrian Wojnarowski of ESPN (Twitter link). After losing David Griffin, the Cavs pursued Chauncey Billups to fill their head front office position, but haven’t been linked to any candidates since Billups turned them down. It’s possible Altman – who has essentially been the acting GM this offseason – will be offered the permanent job at some point, though that’s my speculation.
- The Bulls remain optimistic about getting a deal done with restricted free agent Nikola Mirotic, per GM Gar Forman (link via Sam Smith of Bulls.com). “We want Niko back and we think Niko wants to be in Chicago,” Forman said. “Usually when you have those two things, at the end of the day there’s usually a way to get something done.”
- Forman also discussed the Bulls‘ rebuilding process, expressing no regrets at moving Jimmy Butler last month, per Vincent Goodwill of CSNChicago.com.
- The Bulls continue to operate as an over-the-cap team, having signed Justin Holiday to a deal using part of their mid-level exception ($4.6MM of $8.4MM), tweets Eric Pincus of Basketball Insiders. Chicago could create between $25-30MM in cap room by renouncing Mirotic’s cap hold and various exceptions – including the trade exception from the Butler deal – but there has been no reason to do that so far, since the club hasn’t made any big-money acquisitions.
JULY 10th, 5:01pm: The signing is official, according to a team press release.
JULY 2nd, 9:17pm: The Bulls have agreed to sign shooting guard Justin Holiday to a two-year, $9MM deal, Shams Charania of The Vertical tweets.
The 3-and-D specialist had been previously linked to the Timberwolves and Knicks but settled on the team that he played for in the latter half of the 2015/16 campaign.
In 82 games with New York last season, the 28-year-old posted a career high of 7.7 points per. He’ll slot in to a Bulls team that looks considerably different than the one he left in 2016.
These days, gone are organization cornerstones Tom Thibodeau and Jimmy Butler, replaced by Fred Hoiberg and – as of the 2017 NBA Draft – a roster in the midst of a rebuild.
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.
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.