Latest On Dwyane Wade
10:03pm: Wade has a meeting scheduled on Wednesday with Nuggets officials that will take place in New York, Wojnarowski tweets.
7:34pm: The Nuggets have offered Wade a contract worth more than $50MM over two years, Marc Stein of ESPN.com tweets. Denver is holding out hope that the veteran shooting guard will accept its bid, the scribe adds.
12:37pm: Wade’s representatives have told teams that their client is seeking a two-year, $50MM contract, reports Brian Windhorst of ESPN.com, adding that the Nuggets and Bulls continue to stay in touch with Wade, who is also talking to the Heat. Adrian Wojnarowski of The Vertical, meanwhile, reports that the veteran star is prioritizing a guaranteed third year in contract talks. Either way, it sounds like a two-year, $40MM offer won’t get it done.
The Bucks currently aren’t involved in the bidding for Wade, and while there have been rumors about the Cavs, there’s no traction between Wade and Cleveland at this point, according to Windhorst. Per Wojnarowski, the Bulls and Wade have talked about setting up a face-to-face meeting but nothing has been scheduled.
As for the Heat, Ira Winderman of The South Florida Sun Sentinel tweets that they seem to want to hold firm on two years for Wade, even though they may be willing to include a player option and do another two-year deal next summer.
10:58am: Dwyane Wade has canceled a previously-scheduled Wednesday meeting with the Bucks, according to ESPN’s Zach Lowe (Twitter link). Lowe’s report follows up on a tweet from ESPN’s Brian Windhorst, which suggests that Wade has canceled more than one free agent meeting. However, it’s not clear what other team(s) had been set to meet with the veteran guard.
Despite the fact that Wade played his college ball at Marquette, it always seemed like a long shot that he’d seriously consider signing with the Bucks this offseason after spending his entire career in Miami. After Kevin Durant opted not to sign with the Heat, Miami reportedly increased its offer to Wade to two years and $40MM, getting a little more serious about negotiations with the former Finals MVP. Although he didn’t accept that offer, Wade’s decision to cancel his meeting with the Bucks may hint that he and the Heat are moving closer to finding common ground.
Outside of Milwaukee and Miami, several teams have been linked to Wade since free agency began, including the Nuggets, Knicks, Bulls, and Mavericks. Of those teams, only Denver still had the cap space to pursue Wade. There has also been speculation that the Cavaliers could have interest in LeBron James‘ former teammate, though those whispers have been unsubstantiated. Even if Cleveland did explore that possibility, the team would have to trade multiple contracts in order to be able to offer Wade a decent salary.
Bulls Sign Rajon Rondo
JULY 7, 1:44pm: The Bulls have issued a press release announcing their signing of Rondo.
JULY 3, 7:03pm: Rondo and the Bulls have a “mutual option” on year two of the deal, says Vincent Goodwill of CSN Chicago (Twitter link). That means either side can opt out next offseason, which presumably suggests a player option on a non-guaranteed salary.
6:17pm: The second year of Rondo’s deal is only partially guaranteed, tweets Brian Windhorst of ESPN.com.
5:57pm: Point guard Rajon Rondo has agreed to a two-year, $28MM contract with the Bulls, tweets Marc J. Spears of The Undefeated. The entire contract is guaranteed and neither side has an option, tweets Sam Amick of USA Today, who reports the deal at $30MM over two seasons.
Either way, it’s a significant raise for Rondo, who signed a one-year $9.5MM contract with the Kings last summer. He led the league in assists with 11.7 per game during his single season in Sacramento, while scoring 11.9 points a night.
“I’m excited,” Rondo said. “Great organization with pieces around me that I’m excited about.” (Twitter link).
The move brings the Bulls up to the salary floor, tweets K.C. Johnson of The Chicago Tribune, who says the team offered one- and two-year deals of all of its targets. It also raises the possibility that Jose Calderon, who was acquired in a trade with the Knicks last week, may be waived.
Latest On Dwyane Wade
While the Nuggets continue to pursue Dwyane Wade, the Knicks and Bulls appear to be unlikely suitors for the veteran guard after having committed significant chunks of leftover cap room to other players, writes ESPN’s Marc Stein. Wade’s reps have also reached out to the Mavericks, and a meeting with the Bucks is expected to take place this week, but it would still be a surprise if the former Finals MVP signs with any team besides the Heat.
Heat Notes: Johnson, Wade, Haslem, McRoberts
The poison-pill contract that the Nets offered to Tyler Johnson will be difficult for Miami to match, writes Manny Navarro of The Miami Herald. Johnson will receive $50MM over for years, but the deal is heavily backloaded so that most of the money comes in the third and fourth seasons. The payout is $5.628MM in the first season and $5,881,260 in the second, followed by $18,858,765 in season three and $19,631,975 in season four. The Heat already have $70.3MM committed for the 2018/19 season among Chris Bosh, Hassan Whiteside and Goran Dragic. Miami will also need cap space in those years to keep Justise Winslow and Josh Richardson. Heat officials will have three days to make their decision once Johnson signs his deal with Brooklyn, but Whiteside and Richardson have already posted farewell messages on social media (Twitter links).
There’s more tonight out of Miami:
- The Bucks will meet with Dwyane Wade sometime after the Fourth of July, tweets ESPN’s Marc Stein. Wade began looking at other teams after being unhappy with Miami’s initial contract offer. Milwaukee doesn’t have room to sign Wade to the deal he wants, but it could if it finds a taker for Greg Monroe (Twitter link).
- If the Heat give approximately $20MM to Wade and don’t land Kevin Durant, they will have to fill the roster with a $2.9MM room exception and minimum contracts, writes Barry Jackson of The Miami Herald. Most of the room exception may be needed to re-sign Udonis Haslem. Miami hasn’t pursued Gerald Green since free agency began, but he could become an option if there’s nobody better at a minimum salary. The team appears to have no interest in bringing back Dorell Wright.
- Miami may want to think twice about sacrificing Josh McRoberts for cap room, writes Ira Winderman of The Sun-Sentinel. The Heat may have to move his nearly $5.8MM salary for 2016/17 to create enough cap space to meet Wade’s demands, but if they keep the veteran big man, he might be the starter at power forward next season if Bosh isn’t healthy.
And-Ones: Gasol, Ginobili, Barnes
The market for Pau Gasol appears to be around $18-22MM per year with the Raptors, Bulls, Blazers, Wolves and Spurs among the teams talking with him, according to Ramona Shelburne of ESPN.com (ESPN Now link). Of those teams, the Wolves have made an “aggressive” two-year offer to reunite Gasol with his former coach Tom Thibodeau, Marc J. Spears of The Undefeated reports. It is unclear whether or not Gasol will wait for Kevin Durant to make a decision before pulling the trigger on his own move, Shelburne adds. The Blazers may have a two-year deal worth $40MM out there for Gasol, per Marc Stein of ESPN.com.
Here’s more news from around the league:
- Manu Ginobili, who announced he intends to play this season, plans to re-sign with the Spurs, but the two sides have yet to begin negotiations, Ginobili’s agent Herb Rudoy told Jeff McDonald of of the San Antonio Express-News. Rudoy has fielded calls from multiple teams gauging interest in his client since Ginobili’s announcement, McDonald reports. However, most teams strongly believe the veteran will reach a deal with the Spurs, McDonald adds.
- Matt Barnes has received interest from the Clippers, Kings, Mavs and Warriors, Shelburne reports.
- Derrick Williams‘ future with the Knicks is uncertain because New York could have only about $5MM in available cap space and Williams would likely be able to fetch a larger sum elsewhere, Ian Begley of ESPN.com relays.
Celtics Notes: Johnson, Horford, Durant, Butler
The Celtics have told Amir Johnson they will pick up his option unless they issue two maximum contracts, according to Sean Deveney of The Sporting News. Johnson, who signed with the Celtics last summer, would make $12MM next season if Boston does pick up his option. The Celtics have until Thursday to make a decision on the 29-year-old power forward, who started 76 games this season, averaging 7.3 points and 6.4 rebounds.
There’s more this morning out of Boston:
- The commitment by Al Horford Saturday night has started dreams of a new Big Three in Boston, Deveney writes in the same piece. The Celtics are hoping Kevin Durant may be more inclined to join a franchise that now has two All-Stars on its roster in Horford and Isaiah Thomas, along with the stability of coach Brad Stevens and GM Danny Ainge, who both received contract extensions last month. The Celtics are coming off a 48-win season and have a collection of young players and draft picks that they can use to acquire more veteran help.
- The Celtics contingent was on a plane Saturday night and ready to leave New York when it learned the news about Horford, writes Adam Himmelsbach of The Boston Globe. Horford agreed to a four-year, $113MM max offer, with the fourth year reportedly a player option. He will be able to sign when the moratorium ends on Thursday. “Ever since Boston, Danny Ainge and the whole organization began to show interest in him, that opened his eyes,” said Horford’s father, Tito, who said the decision came down to the Celtics or Hawks. “He always had a good feel about Boston.”
- The Horford signing takes away the sting of not being able to complete a deal for Jimmy Butler on draft night, states Gary Washburn of The Boston Globe. Washburn writes that the Bulls wanted two first-round picks and a package of veterans to part with Butler. Both Thomas and Jae Crowder reached out to Horford during the recruiting process, selling him on the merits of living in Boston.
NBA Taxpaying Teams For 2015/16
With the salary cap set for the new league year, the NBA has finalized its luxury-tax calculations for the 2015/16 season, and the champion Cavaliers will be on the hook for a hefty bill. According to ESPN’s Marc Stein, owner Dan Gilbert and the Cavs, having spent well beyond the luxury-tax threshold last season, owe a tax payment of $54MM.
Here’s the complete list of taxpaying teams for the 2015/16 season, per Stein:
- Cleveland Cavaliers: $54MM
- Los Angeles Clippers: $19.9MM
- Golden State Warriors: $14.8MM
- Oklahoma City Thunder $14.5MM
- Houston Rockets: $4.9MM
- San Antonio Spurs: $4.9MM
- Chicago Bulls: $4.2MM
The tax payments owed by those seven teams total nearly $120MM, and according to Stein, half of that money will be used to fund the NBA’s revenue-sharing program. The other half will be split up equally among the league’s 23 non-taxpaying teams, with each franchise receiving about $2.5MM.
On the other end of the spectrum, the Trail Blazers and Magic were the only teams to fall short of the $63MM floor, per Eric Pincus of Basketball Insiders (Twitter link). They’ll have to make up the difference by cutting checks to the players who finished the season on their respective rosters.
Bulls Interested In Dion Waiters
- The Bulls are among the teams showing interest in Dion Waiters, tweets ESPN’s Chris Broussard. Broussard also reiterates something we’ve heard multiple times over the past couple days, writing that the Kings are very interested in Waiters and will meet with him this weekend.
Bulls, Others Have Interest In Rajon Rondo
10:34pm: Marc J. Spears of The Undefeated tweets that the Kings aren’t out of the mix for Rondo yet, and also adds the Sixers to the list of teams with interest.
8:24pm: According to Scott Kushner and Brett Dawson of The Advocate (Twitter links), there’s nothing to the Pelicans’ reported interest in Rondo.
8:08pm: After trading a three-time All-Star point guard in June, the Bulls are now eyeing a four-time All-Star point guard in free agency, according to multiple reports. K.C. Johnson of The Chicago Tribune tweets the Bulls have had contact with Rajon Rondo, with Marc Stein and Marc J. Spears of ESPN confirming (via Twitter) that Rondo had a meeting today in Chicago with the Bulls.
The Bulls sent Derrick Rose to the Knicks last month in a five-player trade, leaving an opening at the point guard spot. While Chicago could enter the season with Jose Calderon manning the point, it appears the team is exploring an upgrade, and Rondo is arguably the best point guard left on the market now that Mike Conley has re-upped with the Grizzlies.
Rondo, 30, enjoyed a bounce-back season with the Kings in 2015/16 after his time with Dallas ended poorly last year. The longtime Celtics point guard led the league with 11.7 assists per game, and also chipped in 11.9 points and 6.0 rebounds per contest. He even shot a career-best 36.5% from three-point range.
The Nets, Knicks, and Kings have been the teams most frequently linked to Rondo this summer, but the Nets have reached an agreement with Jeremy Lin, the Knicks have acquired Rose, and we heard earlier today that the Kings appear unlikely to bring back the free agent point guard. That could open the door for the Bulls or another club to strike a deal with Rondo.
One of Rondo’s other suitors is the Pelicans, according to Chris Mannix of The Vertical, who reports (via Twitter) that New Orleans has expressed interest in the Kentucky product.
At Least Four Teams Pursuing Dwyane Wade
With teams around the league sensing that there’s tension between Dwyane Wade and the Heat, a handful of clubs are pushing to lure the veteran guard away from Miami, according to Adrian Wojnarowski of The Vertical. Wojnarowski reports that the Bulls, Mavericks, Nuggets, and Bucks are courting Wade, with multiple multiyear offers in the $20MM-per-year range on the table for the Heat star.
Wojnarowski suggests that the Heat have been reluctant to offer a deal in the $20MM range so far, and Jason Lieser of The Palm Beach Post echoes that sentiment, tweeting that Miami’s opening offer was closer to $10MM. While the Heat will probably willing to increase that offer eventually, especially if Kevin Durant doesn’t choose Miami, it still makes sense that Wade would explore the market. Even if he doesn’t sign elsewhere, there’s so much cap space available around the league that he could improve his leverage by fielding offers from other teams.
Earlier tonight, we heard that the Bucks and Knicks were looking to set up meetings with Wade, and while Wojnarowski confirms Milwaukee’s interest, he doesn’t mention New York. ESPN’s Marc Stein reports (via Twitter) that the Knicks have made a four-year offer to Courtney Lee, and the club is also reportedly in the mix for Eric Gordon, so Wade may be a backup plan for Phil Jackson‘s club.
As for Milwaukee, Wojnarowski suggests that the Bucks don’t currently have the cap space to make Wade a competitive offer, and the team isn’t sure whether to fully commit to pursuing him. While Wade did attend Marquette University, it’s still hard to imagine him returning to Milwaukee at this stage in his career.
Meanwhile, K.C. Johnson of The Chicago Tribune confirms (via Twitter) that the Bulls are in talks with Wade’s reps, adding that the two sides are discussing a two-year deal. According to Wojnarowski, Chicago and Denver have been the most aggressive suitors for Wade so far.
Finally, the Mavericks may be a long shot to add Wade, but after missing out on their top two targets – Hassan Whiteside and Mike Conley – it makes sense that they’d at least kick the tires on other top-tier free agents.