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Financial Impact Of Deadline, Buyouts: Central

March 3rd, 2016 at 3:30pm CST by Chuck Myron

The effects of the trade deadline and buyout season are still being felt around the NBA as teams negotiate with new free agents and fill open roster spots. Hoops Rumors will be taking a team-by-team look at the financial ramifications of all the movement. We began earlier with a look at the Southwest and Pacific divisions, and we’ll continue with the Central Division:

Bucks

The trade deadline is usually the last opportunity for disappointing teams like the Bucks to lower their payrolls, but Milwaukee still managed to cut costs even without making a swap, thanks to some help from the Magic. The Bucks were in position to end up adding to their salary obligations when they waived Chris Copeland to sign Steve Novak to a prorated minimum-salary deal, but when the Magic claimed Copeland off waivers, the full $1.15MM salary on Copeland’s one-year contract went from Milwaukee’s books to Orlando’s. That left the Bucks with only their $295,327 obligation to Novak, and it takes some of the sting away from having lost Novak for the rest of the season when he suffered a sprained MCL just days into his Milwaukee tenure.

Bulls

The Bulls made a trade for the first time since July 2014, and in so doing they created a credit that will help them make another swap come the summer. Chicago wound up with a trade exception worth $2,854,940, the equivalent of Kirk Hinrich‘s pretrade salary. That’s even though the Bulls brought in Justin Holiday via the swap. Holiday is on a two-year contract for the minimum salary, so Chicago absorbed him into the minimum salary exception. That allows the Bulls to treat the offloading of Hinrich as its own, “non-simultaneous” deal, in the parlance of NBA trade regulations. The Bulls also realized a savings of $1,907,664 in payroll and $2,861,496 in projected tax penalties, though the $141,068 trade kicker they had to pay Hinrich takes away from that. Chicago took a nibble from its cap flexibility for next season, since Holiday’s $1,015,696 salary is guaranteed.

Cavaliers

It remains to be seen whether the separate trades that sent out Anderson Varejao and Jared Cunningham and brought in Channing Frye gave Cleveland better production on the court, but it’s certain that they saved the team heaps of money, at least in the short term. Frye’s $8,193,029 pay is $2,392,801 less than the combined total of Varejao’s $9,638,554 salary and Cleveland’s $947,276 obligation to Cunningham. The Cavs saved a whopping 3.75 times that amount in projected luxury tax payments, a figure that comes to $8,973,004. That’s a total savings of $11,365,805 in combined salary and payroll, less the $1,176,824 trade kicker Cleveland had to pay Varejao. Still, the ability to save about $10MM all told explains why the Cavs swallowed hard and traded away Varejao despite his close relationship with LeBron James and long tenure with the team. Frye will still have $15,227,883 over two years left on his contract after this season, while Varejao was only guaranteed $9,361,446 beyond this season and Cunningham was on a one-year deal. So, it’s an investment of long-term money for the Cavs, but it’s understandable, since it’s unlikely they’ll be so deep into the tax in years to come, when the salary cap and tax threshold will be much higher. The Cavs spent a tiny fraction of their savings on a 10-day contract for Jordan McRae, who’ll see $30,888 at a total cost to the team of $146,718 in combined salary and projected tax.

Pistons

The math for Detroit became considerably simpler when the Donatas Motiejunas trade came apart. That left only one swap, and the Tobias Harris deal was about as even an exchange of salaries as can be as far as this season is concerned. The Pistons dropped $244,497 from their payroll when they sent Brandon Jennings and Ersan Ilyasova to the Magic for Harris and his precisely $16MM salary, but the long-term effects paint an entirely different story. Harris is due $48MM over three years after this season, while the only guaranteed obligation to the players Detroit relinquished was a $400K partial guarantee for Ilyasova. The Pistons seemed likely to pick up Ilyasova’s full guarantee of $8.4MM had they kept him, but the deal is nonetheless a significant expenditure for the long term. Detroit has been quiet in the buyout market, investing in only a $49,709 10-day contract for Justin Harper.

Pacers

Indiana stood pat through the deadline and buyout season, though the team has reportedly agreed to sign Ty Lawson and is poised to complete a buyout, for an unknown amount, with Chase Budinger.

The Basketball Insiders salary pages were used in the creation of this post.

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And-Ones: Perkins, Butler, Labissiere, Vesely

March 3rd, 2016 at 2:02pm CST by Chuck Myron

Players on the Cavaliers were furious when the team let Kendrick Perkins leave in free agency this summer and instead signed Sasha Kaun, as Chris Haynes of the Northeast Ohio Media Group and the Cleveland Plain Dealer said in an appearance on “The Dan Patrick Show” (video link; transcription via Kurt Helin of ProBasketballTalk). They valued Perkins for his emotional leadership and the role of enforcer that he played, even though he doesn’t offer much else on the court at this point in his career, as Haynes detailed. Perkins is averaging 11.3 minutes per game in 15 appearances for the Pelicans on a one-year deal this season. See more from around the NBA:

  • The offer the Celtics reportedly made to the Bulls for Jimmy Butler left much to be desired from Chicago’s end, and the talks didn’t advance from there, as K.C. Johnson of the Chicago Tribune hears (Twitter links).
  • Former No. 1 draft prospect Skal Labissiere has continued to plummet in rankings, coming in only 19th in the latest mock draft from Jonathan Givony of DraftExpress, notes Adam Zagoria of SNY.tv. However, the University of Kentucky big man returned to the starting lineup Tuesday after a late-December benching and tallied 11 points and eight rebounds, numbers well above his averages of 6.4 points and 3.0 boards per game.
  • Jan Vesely recently drew an offer from an NBA team for the equivalent of between $7.7MM and $8.8MM, according to an official from his Turkish team, Fenerbahce Ulker, notes Eurohoops.net. The official indicated that Fenerbahce wants to keep the former NBA sixth overall pick, and Vesely has no intention of leaving for an NBA team in the near future, tweets international journalist David Pick. Few NBA teams have the capacity to hand out contracts of that amount this late in the season, so I’d speculate that it was meant as an offer for the summer, when teams have much more to spend.
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Atlantic Notes: Butler, Stoudemire, Udrih

March 2nd, 2016 at 6:45pm CST by Eddie Scarito

The Celtics, who were reportedly looking to make a big splash at this year’s trade deadline, held discussions with the Bulls about acquiring star swingman Jimmy Butler, Steve Bulpett of The Boston Herald writes. According to Bulpett’s source, the Celtics were willing to give up two first-round draft picks this year — the Nets‘ unprotected pick and Dallas’ first-rounder, which is top-seven protected, as part of a package for Butler. “This is not a case where Chicago was looking to trade Jimmy Butler,” a source involved in the talks told Bulpett. “That would be crazy. But if Boston calls, you have to look at those picks and some of the players they have and at least hear them out. Most times when teams call about your star, you can just dismiss it right away, but you have to think about it with [president of basketball operations Danny] Ainge and the Celtics right now. There’s a lot to go over there with possibilities.”

The Celtics are concerned that they will have too many young players on the roster if they retain all their acquired picks, so it is highly likely the team will be active leading up to the draft in its attempts to acquire a star-caliber player, Bulpett adds. “The term I’ve heard with Danny is that he’s looking for a ‘difference maker,’” a league source told the Herald scribe. “He’s definitely willing to pay you for the right guy, but he wants someone who can move them to the next level.” Ainge also checked in with the Pacers regarding Paul George prior to the deadline, Bulpett relays.

Here’s more from the Atlantic Division:

  • Amar’e Stoudemire denies that he was talking about former Knicks teammate Carmelo Anthony the other night when he made some pointed comments about his former team, Al Iannazzone of Newsday relays. The big man called Anthony on Sunday to clear the air, Iannazzone notes. “I never mentioned his name once,” Stoudemire told reporters, in reference to his comments. “We’re close friends, family. Our wives are very close friends. He knows I wasn’t talking about him.” When asked about his chat with Stoudemire, Anthony said, “I don’t really want to waste any time on that. What’s understood don’t need to be spoken upon.”
  • Beno Udrih cleared waivers from the Heat today, reports Brian Windhorst of ESPN.com (Twitter link), meaning the Sixers passed on the chance to add him and draw closer to the $63MM salary floor. The Sixers currently have $60,369,349 in guaranteed salary on the books for 2015/16, which is $2,630,651 below the minimum team payroll. Claiming Udrih’s $2,170,465 salary would have brought Philadelphia to within a couple of minimum-salary contracts of the mark, and it would have come at the actual cost of only a fraction of Udrih’s salary, since the Heat have already given him most of his paychecks for the year. The result of Udrih clearing waivers is potentially more damaging to the Heat, who’d reportedly eyed Marcus Thornton and others but can’t sign anyone until April 6th without again going into tax territory, notes salary cap expert Albert Nahmad (on Twitter). It’s more likely the Heat would wait to sign someone until April 7th so they could fill their second open roster spot on the final day of the regular season, tweets Ira Winderman of the Sun Sentinel.

Chuck Myron contributed to this post.

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Central Notes: Motiejunas, Dunleavy, Hoiberg, Love

March 2nd, 2016 at 11:08am CST by Chuck Myron

Pistons coach/executive Stan Van Gundy denies the team simply changed its mind about trading for Donatas Motiejunas, as the power forward asserted, MLive’s Brendan Savage notes. The trade was voided when the Pistons said Motiejunas didn’t pass his physical, but Motiejunas, who returned to action this weekend for the Rockets after back trouble kept him out for nearly two months, insists he’s fine.

“We went through a very thorough process and we made the decision we made for the reasons that we thought it was too much risk,” Van Gundy said. “Look, I feel bad for him, too, because I understand his points in terms of his value and everything else. But we felt we had to make the decision we made.”

Motiejunas is set to enter restricted free agency this summer, so the next six weeks figure to be key for his market value. See more from the Central Division:

  • The return of Mike Dunleavy is giving the Bulls a boost even though it isn’t reflected in the standings, writes Vincent Goodwill of CSNChicago.com. The team was reportedly seeking an upgrade on the wing, as Goodwill notes, but Chicago didn’t make a significant move for one and has instead benefited from Dunleavy’s presence since his return from back surgery that knocked him out the first half of the season. The Bulls re-signed him to a three-year, $14.4MM deal this past summer.
  • New coach Fred Hoiberg‘s message simply isn’t connecting with the Bulls, observes Nick Friedell of ESPNChicago.com. The Bulls are beset with injuries even in the wake of Dunleavy’s return, but Tuesday’s loss to the Heat dropped Chicago, which aimed for at least the conference finals, to ninth place.
  • Kevin Love‘s revival following Cleveland’s coaching change was short-lived, and the max-salary signee has returned to the underwhelming performances that have marked much of his tenure with the Cavs, notes Michael Rand of the Star Tribune.
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Central Notes: Monroe, Butler, Bullock, McCallum

February 28th, 2016 at 12:00pm CST by Arthur Hill

Bucks coach Jason Kidd is defending his decision to use center/forward Greg Monroe off the bench, writes SB Nation’s Paul Flannery. Monroe was Milwaukee’s prize offseason addition, but the team’s disappointing season has led Kidd to shake up the rotation. Monroe was placed in a reserve role, along with former Rookie of the Year Michael Carter-Williams. “Our bench has gotten better with Michael and Moose,” Kidd said. “You start those two and our bench gets really thin. With those two guys being unselfish and knowing that they want to start, and we all know they do, for the betterment of the team right now we need those guys to come off the bench.”

There’s more from the Central Division:

  • The Bulls got some good news Saturday about injured shooting guard Jimmy Butler, according to Nick Friedell of ESPN.com. The latest MRI on Butler’s sprained left knee “looked good,” said coach Fred Hoiberg. “The swelling is significantly down and now it’s just a matter of Jimmy getting back out there, getting his timing back, getting his conditioning and getting comfortable,” Hoiberg said. “He still hasn’t exploded off the one leg, he’s done some two-foot jumping. He’s done some lateral slides, now it’s about getting him out there in scrimmage-type situations and getting him ready to play.” Butler hasn’t played since hurting the knee on February 5th. He was orginally projected to be out for three to four weeks.
  • Reggie Bullock may have revived his career in Detroit with a 16-point outburst Wednesday, writes Rod Beard of The Detroit News. Bullock, who came to the Pistons from Phoenix in the Marcus Morris trade, was used in 10 of the season’s first 15 games, but offensive problems forced him out of the rotation and eventually to D-League assignments. “Reggie always plays to his strengths and he knows who he is,” said coach/executive Stan Van Gundy. “He’s got to defend and he’s got to make open shots. He certainly made open shots [Wednesday]. Those are the two things that really make him a good player.”
  • Van Gundy has a long friendship with University of Detroit Mercy basketball coach Ray McCallum Sr., which may give the Pistons some interest in McCallum’s son if the Spurs release him, tweets Vince Ellis of The Detroit Free Press. The younger McCallum will likely be waived to make room for the signing of Andre Miller.
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Eastern Notes: Sullinger, Thornton, Moore

February 27th, 2016 at 8:56am CST by Eddie Scarito

Jared Sullinger is in line to become a restricted free agent this offseason provided the Celtics submit a qualifying offer worth $4,433,683, but the big man would prefer to remain in Boston for the long-term instead of heading elsewhere, Mike Petraglia of WEEI 93.7FM writes. “Most definitely. Most definitely. My oldest brother always told me that the worst thing to happen to me sometimes is change and that I don’t handle change well. I strongly disagree,” Sullinger said, responding to a question regarding his desire to remain in Boston. “Sometimes, you just don’t want to change the scenery. When you play for the greatest franchise in the NBA and you see all those banners and all the fans come at you, you don’t want to leave that place because you know it’s a special place in your heart. It’s the first team I played for in the NBA and hopefully it’ll be the last.”

The power forward has enjoyed flying under the radar this season thanks to the attention All-Star point guard Isaiah Thomas has received, Petraglia adds. “It’s a lot of fun, it’s a lot of fun. Growing up, I wasn’t really a high-profile guy,” Sullinger relayed. “Going into middle school, especially entering high school, and I kind of came out of nowhere and came into my own. My main thing was just to win. When they see you win, they see all the big-time games. That’s what I was told, especially in the AAU. Playing in the AAU, the more you win, the more you play against high-profile that get to this level, and the more you get exposure. The more you win, it just takes care of itself. As long as you focus on winning, the outcome is always greater.”

Here’s the latest from the Eastern Conference:

  • Despite Marcus Thornton being part of the nixed trade for Donatas Motiejunas, the Pistons likely won’t have any interest in signing him now that the Rockets have waived him, Vince Ellis of The Detroit Free Press notes (on Twitter). According to Ellis, Thornton was just “trade filler” and Detroit had no plans to use him in the rotation.
  • The Hawks were extremely interested in signing center Anderson Varejao after the Blazers waived him, but the veteran chose to head west and join the Warriors instead, Vivlamore tweets.
  • After languishing on Bulls coach Fred Hoiberg‘s bench early in the season, E’Twaun Moore has flourished since being moved into a starter’s role, K.C. Johnson of The Chicago Tribune writes. “I’ve always been confident,” Moore said. “I know I’m capable of playing well. It’s not really a surprise. And I don’t think it’s a surprise to my teammates either. They see how hard I work and they’ve got faith in me. It’s no big deal to me.“
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2015/16 Salary Cap Update: Chicago Bulls

February 26th, 2016 at 7:45pm CST by Eddie Scarito

The NBA’s salary cap for 2015/16 is set at $70MM, which is good for an 11% increase from last season, and the luxury tax line is fixed at $84.74MM. With the February 18th cutoff date for trades now past and the de facto deadline of March 1st for buyouts rapidly approaching, we at Hoops Rumors are in the process of updating the salary cap commitments for each NBA franchise for the 2015/16 campaign. Here’s the cap breakdown for the Chicago Bulls, whose regular season roster can be viewed here:

  • 2015/16 Salary Cap= $70,000,000
  • 2015/16 Luxury Tax Line= $84,740,000
  • Fully Guaranteed Salary Commitments= $87,116,711*
  • Remaining Cap Room= –$17,116,711
  • Amount Above Luxury Tax Line= $2,376,711

*Note: This amount includes the $333,333 owed to Richard Hamilton, who was waived via the stretch provision.

Cap Exceptions Available:

  • Taxpayer Mid-Level Exception: $1,126,000
  • Trade Exception: $2,854,940  (Kirk Hinrich. Expires February 18th, 2017)

Cash Available to Send Out In Trades= $3,400,000

Cash Available to Receive Via Trade= $3,400,000

Note: Despite the trade deadline having passed, the NBA season technically doesn’t end until June 30th. Teams are able to again make trades upon the completion of the regular season or when/if they are eliminated from the playoffs, whichever comes later. So these cash limits still apply.

The Basketball Insiders salary pages were used in the creation of this post.

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Central Notes: Kidd, Motiejunas, Hoiberg

February 25th, 2016 at 5:56pm CST by Eddie Scarito

Bucks coach Jason Kidd appears to be losing his influence with team ownership after a number of personnel decisions have gone awry or have met with disapproval, Adrian Wojnarowski of The Vertical on Yahoo Sports relays (video link). Kidd, who holds sway over the team’s basketball operations, was the engineer of the trade that shipped out Brandon Knight in exchange for point guard Michael Carter-Williams, which, according to Wojnarowski, has upset team management in the wake of his disappointing play.

The scribe also relays that ownership nixed a potential deadline trade with the Pelicans this year that Kidd was spearheading, though the players involved were not named in the report. The team is also showing increased reluctance to allow Kidd a say in personnel matters, which may become an issue for the coach, considering Kidd reportedly wants to move into a front office position that would allow him even more power, Wojnarowski adds.

Here’s more from the Central Division:

  • The Pistons may have dodged a bullet when the three-team trade that would have landed Donatas Motiejunas was nixed over medical concerns regarding the power forward, David Mayo of MLive writes. The Pistons now retain their 2016 first round pick and will still have the opportunity to pursue Motiejunas this summer when he becomes a free agent, though doing so may raise some eyebrows around the league after the team pulled out of the trade, Mayo adds.
  • Bulls coach Fred Hoiberg lacks the fiery outward demeanor of his predecessor Tom Thibodeau, but he scoffs at the notion he isn’t tough on his players, K.C. Johnson of The Chicago Tribune writes. “We’ve had some pretty heated conversations over the course of the year,” Hoiberg said. “If we need a little kick in the butt, you get on them and hopefully they respond. Sometimes they do, sometimes they don’t.” Chicago has been criticized this season for lacking toughness and Hoiberg wonders if that can be altered this late in the season, Johnson adds. “I just look at the different ebbs and flows,” Hoiberg said. “If you look before January 1st, we were winning a lot of these battles. We were fourth in the league in defense and doing a lot of really good things on that end of the floor. It was winning games for us when our offense wasn’t very good. We’ve slipped. Some of it has to do with some of the bodies we don’t have. But guys have to give effort. In this league, if you don’t make first contact, you’re going to get hit.”
  • Longtime Cavaliers center Anderson Varejao wasn’t taking a shot at his former club when he announced upon arriving in Golden State that he was glad to come to a locker room where the players love each other. He was merely expressing his excitement at joining the Warriors, Terry Pluto of The Plain Dealer writes. Varejao signed with the Warriors after being waived by the Blazers, who acquired him from the Cavs in a deadline deal. When initially informed of Varejao’s comments, LeBron James responded, “I would hope if you’re 50-5 that everyone loves each other. … What else do you want at that point? … Duh,” Pluto notes.
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Eastern Notes: Riley, Bargnani, Lee

February 24th, 2016 at 9:40pm CST by Eddie Scarito

Heat team president Pat Riley said that Miami intends to have 15 players on its roster by season’s end, Ira Winderman of The Sun Sentinel relays (Twitter links). The executive indicated that the team plans to add one player by March 10th and another prior to the end of the campaign, Winderman notes. The Heat currently possess 13 players on their roster and are unable to sign anyone to more than a 10-day contract until March 6th, or else the team would be back over the luxury tax line and risk repeat-offender tax penalties. Miami’s roster situation is further complicated by the losses of Beno Udrih, who is out for three months, Tyler Johnson, who is on the shelf for at least two, and Chris Bosh, whom the team is thinking about shutting down for the remainder of the 2015/16 campaign as he deals with blood clot issues for the second straight season.

Here’s more from out of the Eastern Conference:

  • Andrea Bargnani gave up $323,599 in salary for 2015/16 and $1,228,060 for 2016/17 as part of his buyout arrangement with the Nets, Eric Pincus of Basketball Insiders relays (on Twitter). The oft-injured power forward will earn $1,039,298 this season and will give Brooklyn a cap hit worth $323,599 next season. The move gives the Nets about $1.7MM in breathing room beneath the luxury tax line.
  • David Lee sacrificed $458,575 in salary to facilitate his buyout from the Celtics, Pincus tweets. Boston is on the hook for the remainder of Lee’s $15,035,105 post-buyout salary. Lee ultimately profited from the arrangement, since he signed a deal with the Mavericks that’s worth more than $2MM.
  • The Bulls have officially announced today that their new D-League affiliate, which begins play next season, will be called the Windy City Bulls.
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And-Ones: Morris Twins, Gerald Green, Hardaway

February 22nd, 2016 at 5:31pm CST by Chuck Myron

Markieff Morris and Marcus Morris thought their close relationship with Suns owner Robert Sarver, which included invitations to Sarver’s home to work out on his basketball court, would ensure advance warning of the trade that sent Marcus to the Pistons, the twins told Bleacher Report’s Ric Bucher. It’s not simply a matter of the trade having separated them, Marcus insists, saying to Bucher that he also would have pulled off the deal that sent him to the Pistons if he thought, as the Suns did, that it would give them a better shot at LaMarcus Aldridge.

“Everybody thinking that we’re upset because we don’t get to play with each other,” Marcus said. “Kieff can’t deal with adversity? We’re from north Philadelphia. This isn’t adversity. This is betrayal.”

The Magic offered Channing Frye for Markieff shortly after the deal that sent Marcus to the Pistons this summer, a league source told Bucher, and the Cavaliers and Bulls were interested in Markieff, too, Bucher hears, also confirming an earlier report that the Pistons held interest in reuniting the brothers. Bucher indicates that the twins were closer with former Suns president of basketball operations Lon Babby than with Suns GM Ryan McDonough, suggesting that that the reduction in Babby’s role played a part in the end of the run for the Morrises in Phoenix. See more from around the NBA:

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