Bulls Rumors

Hoiberg Confident Rondo/Wade Backourt Can Work

The Bulls added experience this offseason in Dwyane Wade and Rajon Rondo, potentially at the cost of putting a cohesive unit on the court, but coach Fred Hoiberg believes his new look roster can be effective on offense, Vincent Goodwill of CSNChicago.com relays. “The biggest thing is we have multiple playmakers now, we have guys who can get in and break down the defense,” Hoiberg said. “That’s the most important thing to have on an NBA roster is multiple ballhandlers, multiple playmakers. Bigs who are gonna set screens and put pressure on the rim.”

  • New Knicks center Joakim Noah has no ill feelings toward the Bulls and appreciates the time he spent in Chicago, but is still looking forward to facing his old franchise this coming season, writes K.C. Johnson of The Chicago Tribune. “I have no anger towards nobody,” Noah said. “If we had a couple rough years at the end, I’m just still so grateful for the opportunity the Bulls gave me. It’s like a family to me. Even though it’s a new chapter for the end of my career to be in New York, I think Chicago is always going to be a home to me.

Butler, Rondo Recruiting Stephen Jackson

Stephen Jackson, who is reportedly eyeing an NBA return, says he’s being recruited by members of the Bulls, Raul Barrigon of HoopsHype relays.

Well, actually not a lot of people know that Jimmy Butler has been calling me,” Jackson told Barrigon. “We’ve been talking for like three months now. Even Rajon Rondo has been calling me, they really want me on the Bulls team. I’ve been talking to a lot of guys, because guys know what I bring. There’s not many guys like me. There’s probably one or two guys in the NBA like me that can play both ways and don’t mind really shutting the guy down. I’m a winner, I’ve been in the playoffs many years. Guys know I’m a great teammate, Tim Duncan called me the ultimate teammate. I know how to play good for the guy next to me. I’m getting calls and I will be ready and that’s the biggest part.

Free Agent Spending By Division: Central

Over the course of the last week, we’ve been breaking down 2016 NBA free agent spending by division, examining which teams – and divisions – were the most active this summer.

These divisional breakdowns won’t present a full picture of teams’ offseason spending. Some notable free agents, including LeBron James, remain unsigned, so there’s still money out there to be spent. Our lists also don’t include money spent on this year’s first- and second-round picks or draft-and-stash signings. There are a few free agent names missing in some instances as well, since those deals aren’t yet official or terms haven’t been reported.

Still, these closer looks at divisional spending should generally reveal how teams invested their money in free agency this summer, identifying which clubs went all-out and which ones played it safe.

With the help of our Free Agent Tracker and contract info from Basketball Insiders, we’ll focus today on the Central division. Our breakdowns of all five other divisions can be found linked at the bottom of this post.

Let’s dive in…

1. Detroit Pistons

  • Total money committed: $207,171,313
  • Guaranteed money committed (including player options): $207,171,313
  • Largest expenditure: Andre Drummond (five years, $127,171,313)
  • Other notable signings:
  • Notes:
    • Ray McCallum’s deal is not included in these totals, since it’s a summer contract which won’t count toward the Pistons’ cap unless he makes the regular-season roster.

2. Milwaukee Bucks

  • Total money committed: $119,530,000
  • Guaranteed money committed (including player options): $119,530,000
  • Largest expenditure: Miles Plumlee (four years, $49,600,000)
  • Other notable signings:
  • Notes:
    • Dellavedova’s contract was technically the result of a sign-and-trade deal by the Cavaliers, but we’re considering it a Milwaukee signing.

3. Chicago Bulls

  • Total money committed: $78,532,117
  • Guaranteed money committed (including player options): $65,215,696
  • Largest expenditure: Dwyane Wade (two years, $47,000,000)
  • Other notable signings:
  • Notes:
    • Rondo’s second-year salary of $13.397MM is partially guaranteed for $3MM.

4. Indiana Pacers

  • Total money committed: $32,700,000
  • Guaranteed money committed (including player options): $26,700,000
  • Largest expenditure: Al Jefferson (three years, $30,000,000)
  • Other notable signings:
  • Notes:
    • Jefferson’s third-year salary of $10MM is partially guaranteed for $4MM.

5. Cleveland Cavaliers

  • Total money committed: $9,573,362
  • Guaranteed money committed (including player options): $6,960,862
  • Largest expenditure: Richard Jefferson (three years, $7,612,500)
  • Other notable signings:
  • Notes:
    • Andersen and Jones will earn $1,551,659 apiece on their minimum-salary deals, but will only be paid $980,431 each by the Cavaliers, with the NBA on the hook for the rest.
    • Jefferson’s third-year salary of $2,612,500 is fully non-guaranteed.
    • DeAndre Liggins‘ deal has been officially signed, but exact terms of that contract haven’t been reported, so we haven’t included it in the Cavs’ totals for now.
    • The Cavs have also yet to formally re-sign LeBron James, whose new contract will bump up the club’s free agent expenditures significantly. A new deal for J.R. Smith may also be on the horizon.

Previously:

WEST:

EAST:

Eastern Notes: Bulls, Cavs, Stephenson

Despite signing Rajon Rondo, who is 30, and Dwyane Wade, who will turn 35 in January, the Bulls did actually get younger this summer, K.C. Johnson of the Chicago Tribune details. Chicago will enter training camp with 10 players 25 or younger, compared with five last season, as Johnson points out. Wade’s presence should particularly help the maturation of Jimmy Butler, Johnson writes. Both Wade and Rondo have said the Bulls are Butler’s to lead.

Here’s more from around the Eastern Conference:

  • The Pacers do not appear close to re-signing unrestricted free agent Lance Stephenson, per Mark Montieth of NBA.com, who echoes earlier reports. The Pacers were looking for a point guard to fill their final roster spot and Aaron Brooks fit their needs better than another wing player like Stephenson, Montieth writes in a mailbag response.
  • Kay Felder impressed during the summer league and his emergence makes him one of the more intriguing rookies to watch this season, Gary Washburn of the Boston Globe writes. With Matthew Dellavedova no longer on the Cavs, Felder, who is a 5’9″ point guard, has a decent shot at a backup role, Washburn adds. Felder’s size, however, does put him at a disadvantage, but, as Washburn points out, the Cavs thought highly enough of him to pay $2.4MM for his rights.

And-Ones: Butler, White, McRoberts

Bulls swingman Jimmy Butler told reporters that he had no influence on the roster moves the team made this offseason, ESPN.com relays. “That has nothing to do with me. I don’t move guys,” Butler said. “It’s like I always say: People are going to think what they want to think. That doesn’t bother me. I know where I stand. I know who I am.”

Butler also noted that he’s happy for former teammates Derrick Rose and Joakim Noah, telling reporters, “I’m happy for (Rose). He’s happy for me,” Butler said. “I’m glad we get to go against each other whatever day that may be when the season rolls around. I talked to Jo. We texted a few messages. Nothing too serious, but we’re always going to have love for each other because we’re always going to be teammates. We were in those trenches together.

Here’s more from around the league:

  • Aaron White, a 2015 second round pick of the Wizards, signed a two-year deal to play in Russia with Zenit St. Petersburg, J. Michael of CSNMid-Atlantic.com reports. The second year is a team option and the pact includes an NBA-out clause, Michael adds. White recently played for Washington’s squad in the Las Vegas summer league where he averaged 7.2 points and shot 29.4% from three-point range.
  • The Warriors have hired former NBA player Willie Green as an assistant on coach Steve Kerr‘s staff, Shams Charania of The Vertical reports (via Twitter).
  • The Heat‘s roster currently stands at 18 players, which is three over the regular season maximum. One player the team would like to move is Josh McRoberts, but thus far have found no takers this offseason despite trying to “give him away,” Ira Winderman of The Sun Sentinel noted in his recent “Ask Ira” column. Miami may consider waiving the forward, but his player option worth $6,021,175 for 2017/18 complicates matters because the team would be on the hook for that amount if it cut him, Winderman notes.

Salary Cap Snapshot: Chicago Bulls

With the free agent signing period winding down and teams looking ahead to the preseason, we at Hoops Rumors will be tracking the Salary Cap figures for each team around the league. These posts will be maintained throughout the season once financial data is reported. These posts will be located on the sidebar throughout the year, once all the teams’ cap figures have been relayed. You can always check RosterResource.com for up-to-date rosters for each franchise, with the Bulls’ team page accessible here.

Here’s a breakdown of where the Bulls currently stand financially:


Guaranteed Salary

Total Guaranteed Salary= $92,551,106


Cash Sent Out Via Trade: $0 [Amount Remaining $3.5MM]

Cash Received Via Trade: $0 [Amount Remaining $3.5MM]


Payroll Exceptions Available

  • Trade Exception — $5,462,000 (Taj Gibson trade) — Expires on 7/12/17
  • Room Exception — $2,898,000

Total Projected Payroll: $92,551,106

Salary Cap: $94,143,000

Estimated Available Cap Space: $1,591,894
(Note: team would have to renounce trade exception to use cap space)

Luxury Tax Threshold: $113,287,000

Amount Below Luxury Tax: $20,735,894

Last Update: 2/24/17

The Basketball Insiders salary pages and The Vertical’s salary database were used in the creation of this post.

Dwyane Wade On: Butler, Riley, Chicago

Longtime face of the Miami Heat franchise, Dwyane Wade, was officially introduced today as a member of the Bulls. The veteran inked a two-year, $47MM deal with Chicago this offseason, leaving behind the only NBA team he had ever known. Wade addressed members of the media today and touched on a number of subjects. The transcription comes courtesy of ESPN.com and Ethan J. Skolnick of The Miami Herald. Here are some of the highlights from Wade’s press conference:

Discussing who the “alpha” is on the new-look Bulls:

This is Jimmy’s team. It won’t be a tug and pull whose team it is.” Wade then recalled the 2004 offseason when Miami acquired big man Shaquille O’Neal, saying, “We had no championships at the time and I remember his press conference. I was playing in the Olympics at the time, like Jimmy is right now. And I remember Shaq said, ‘We’re not going to go through this all year. This is Dwyane Wade’s team.’ So, we’re not going to go through this all year. This is Jimmy Butler‘s team. Myself and Rajon Rondo are here to bring what we bring as athletes to this team and to this city. He’s the young Bull on this team. He’s a 26-year-old who can play 40 minutes if coach wants him to and maybe more. I ain’t trying to do all that. And we’re going to depend on him a lot.

Discussing if he chose Chicago because of a rift with Heat president Pat Riley:

I have no rift with Pat Riley. It’s funny the reports come out about a lot of different things. I’ve never seen nobody around me and Pat when me and him was talking. I didn’t see no one CC’d on the emails that we talk about. I have nothing but respect for what he’s done in this game. I have so much to learn. So I have no rift in that. This year, the direction and the focus for that organization in Miami — which I have nothing but love and respect for — was a little different than it has been in years past.

With that being said, my direction and my focus was a little different than it had been in year’s past. I communicated with them that ‘Hey I’ve only done this once, but I’m going to be a free agent. I’m going to go out and see what the market is saying about me.’ And, like I said, this opportunity with Chicago when first I said I was going to be a free agent, this was nothing that we all knew was going to happen. But it was things that happened along the way that made this even realer and realer. I made the decision.

I had a contract offer in Miami that I could have took. I decided not to take it. It was my decision to be selfish and to live out a dream of mine. I’ve brought a lot of excitement to Miami and it’s a home to me. It will always be. I want to bring a little bit here to Chicago when I have a little bit left. So, let’s clear up the notion that Pat Riley orchestrated me getting out of Miami because he didn’t offer me the money I wanted. This was not a money deal. If this was a money deal I wouldn’t be sitting here. I would have taken the most money. At the end of the day this is a place I wanted to be.

Discussing Riley’s role, or lack thereof, in his recruitment this summer:

I dealt with (team owner) Micky Arison, Nick Arison when it came to my contracts the last two years. That’s what he means when he said he wasn’t involved, meaning he didn’t sit at the table. He didn’t call or email or text or nothing like that to try to sway me or try to get me back. I guess that’s what he meant.

I dealt with two people I respect in the organization. And like I said, at the end of the day it wasn’t about Pat Riley, it wasn’t about Micky, it wasn’t about Nick. It was about me. I told that to the Arison family in our meeting. They asked me, ‘What else? Is there anything else we can do? I said, ‘This is a decision I’m going to have to make. And I made that decision.’

I wasn’t looking for Pat to reach out to me. That wasn’t the focus of mine. My focus was making the best decision for my family. He has to make the best decision for the organization, which he has done an amazing job over his tenure there. And we all benefited from it.

Bulls Re-Sign Spencer Dinwiddie

The Bulls have circled back to guard Spencer Dinwiddie, with the team announcing via press release that he has been re-signed. The length and terms of the arrangement were not relayed in the release, but odds are that it is a minimum salary deal with little or no guaranteed money included. The addition of Dinwiddie gives the Bulls a roster count of 15, which is the regular season maximum.

Chicago had waived Dinwiddie back on July 7th in an effort to clear cap room for free agent pursuits. The Bulls had acquired the 23-year-old from Detroit in exchange for power forward Cameron Bairstow in June.

Dinwiddie completed the 2015/16 campaign, his second in the NBA, with averages of 4.8 points, 1.8 assists, 1.4 rebounds and 13.3 minutes over 12 contests.  He was drafted by the Pistons with the No. 38 overall selection in the 2014 NBA Draft. Dinwiddie owns career averages of 4.4 points, 2.7 assists, 1.4 rebounds and 13.3 minutes through 46 regular season games in the league.

Rondo Believes He and Wade Will Mesh Well

  • The Bulls‘ addition of point guard Rajon Rondo could pay dividends for the team, Sam Smith of NBA.com writes, noting that Rondo’s reputation as being a disruptive force is a bit overblown. Rondo believes he and fellow new arrival, Dwyane Wade, will mesh well together, Smith adds. “I think I’m coming off one of my best seasons,” said Rondo. “I didn’t miss any games as far as injuries. I feel great. Dwyane’s been doing the same. We’re a little bit older in age, but I think that’s wiser. I’ve talked to Wade. I think we’ll be a very talented team, a very versatile team, especially at the guard position. To play with a guy like that, that I’ve battled against personally, it’s always great to have a guy like that on your side.”

Isaiah Canaan Contract Details

  • Pincus provides details on a couple more minimum-salary contracts with partial guarantees, reporting (via Twitter) that D.J. Stephens got $35K from the Grizzlies, while Isaiah Canaan will have a $200K guarantee from the Bulls for 2017/18 — Canaan’s 2016/17 salary is fully guaranteed.