Chicago Bulls Rumors | Hoops Rumors

Bulls Sign Jimmer Fredette

March 2nd, 2014 at 9:33am CST by Cray Allred

The Bulls announced today the team has signed guard Jimmer Fredette for the remainder of the season. The Octagon Sports client‘s $2.4MM contract had cleared waivers making him a free agent. Exact financial terms of the contract were not disclosed.

“We are very excited to add a player like Jimmer to our roster,” said Bulls GM Gar Forman. “We’ve followed him closely throughout his collegiate and professional career, and believe he’ll be the type of player that will fit in with our group and be an asset to the team.”

Chicago was the favorite to add Fredette following his buyout agreement with the Kings on Thursday. The third-year guard is averaging a career low in minutes and points this year, but is shooting .493 from three and having his most efficient offensive season in limited playing time.

The Bulls — an elite defensive team — are hoping the 10th pick from the 2011 draft can add some firepower to their offense, which is ranked 27th in both three-point makes and percentage this season. Fredette has averaged 7 PPG and 1.5 APG in two-plus years with the Kings, where some believe he was miscast as a point guard and buried behind other developing talent that Sacramento accumulated in the backcourt.

While other notable buyout players Danny Granger, Glen Davis, and Caron Butler have signed up with contenders in the Western Conference over the last week, Fredette chose an Eastern Conference playoff team that could give him an opportunity to shine before he becomes a free agent in the summer.

Eddie Scarito contributed to this post. Photo courtesy of USA Today Sports Images. Sam Amick of USA Today first reported the agreement. Shams Charania of RealGM reported that the deal covers the rest of the season and doesn’t include any options (Twitter link).

Eastern Notes: Iverson, Anthony, Thibodeau

March 1st, 2014 at 10:50pm CST by Eddie Scarito

The big news of the night was the Sixers officially retiring Allen Iverson‘s #3 during a halftime ceremony at tonight’s contest with the Wizards. Iverson had officially announced his retirement back in October. He averaged 26.7 PPG and 6.2 APG in 914 career regular-season games, and scored 29.7 PPG in 71 career playoff games. Iverson, who also saw action with the Nuggets, Pistons, and Grizzlies, was an 11-time All-Star, a four-time scoring champion, a three-time member of the All-NBA First Team, and won the MVP award in 2001. Congrats go out to A.I..

More from around the Eastern Conference:

Gary Neal is overjoyed at the trade that sent him to the Bobcats, writes Dan McCarney of MySanAntonio.com. Neal told McCarney that he got on the first available plane out of the city, as he wasn’t fond of how he was utilized in Milwaukee, nor about the direction of the franchise. Neal stated, “I’m excited to be playing meaningful basketball again. After three years of being with the Spurs, with every possession of every game counting I’m just glad to being back to that. I’m a little too old for the tanking situation.”
Jay Yeomans of the Deseret News analyzes how Jimmer Fredette fits in with the Bulls, who he is rumored to have reached an agreement with earlier today.
With free-agency right around the corner, Carmelo Anthony must be taking notice of how much has gone wrong with the Knicks, writes Al Iannazzone of Newsday.
If ‘Melo is really committed to winning, then he should follow the example of Miami’s “Big-Three”, writes Moke Hamilton of SNY.tv. LeBron James, Dwyane Wade, and Chris Bosh all took less to fit in under the salary cap, and Anthony should consider that before signing his next contract, opines Hamilton. It will be the only way for him to bring other star players to New York.
The Knicks might attempt to acquire Bulls coach Tom Thibodeau after the season if they let go of Mike Woodson. Marc Berman of the New York Post looks at why the Knicks should try, the probability of the Bulls letting him go, and what it might cost.
Tom Moore of Calkins Media looks at what Sixers GM Sam Hinkie can do with the five second-round picks the team has in this year’s draft.
Metta World Peace has interest in joining the Pistons, according to his brother, writes Marc Berman of the New York Post.

Luke Adams contributed to this post.

Caron Butler Signs With Thunder

March 1st, 2014 at 7:09pm CST by Chuck Myron

The Thunder have signed Caron Butler, the team announced. The Raymond Brothers client spurns the Heat, who had been co-favorites with Oklahoma City. The Bulls, Spurs and Rockets were also in contention for the 12th-year veteran. The deal covers the rest of the season, and perhaps there’s a player option for 2014/15, as Glen Davis recently received from the Clippers.

“We are pleased to welcome Caron Butler to the Thunder organization and to Oklahoma City,” GM Sam Presti said. “Caron represents what we look for in a Thunder player and will positively impact our team. His toughness. hard-nosed defense, resiliency and highly regarded professionalism will only enhance our depth and bring additional versatility to the roster.”

Oklahoma City had reportedly been seeking a two-way wing player before the trade deadline, and were willing to give up their own 2014 first-round pick to acquire Iman Shumpert from the Knicks. New York turned the Thunder down, and while Butler isn’t quite the defensive presence that Shumpert is, the Thunder appear to be better off, particularly since they’ll get to keep their draft pick and they’re likely making only a minimum-salary investment. Oklahoma City had been carrying just 13 players, so the team didn’t have to make a corresponding move.

Butler, who turns 34 in March, has been enduring one of his worst shooting seasons, connecting on just 38.7% of his shots. He’s still making 36.1% of his three-point attempts, and he averaged 11.0 points in 24.1 minutes per game for Milwaukee, which is close to his native Racine, Wisconsin. Butler’s homecoming this season to the league-worst Bucks was no fairy tale, and the team made him a part of trade talks before agreeing to a buyout this week. It’s unclear how much of this season’s $8MM salary he gave up to pry his way out his contract, which was set to end this summer.

The two-time All-Star goes from the bottom of the Eastern Conference standings to the top of the West with Oklahoma City, which figures to make Butler the backup to Kevin Durant and use them together in small-ball lineups. The early end of OKC’s pursuit of Danny Granger, who wound up picking the Clippers late Thursday night, reportedly led executives around the league to believe the Thunder were confident about their ability to land Butler. Miami had seemed like a natural fit, since the Heat made Butler the 10th overall pick in the 2002 draft, and he played his first two seasons with the team, developing a close relationship with Dwyane Wade, the godfather of one of Butler’s daughters.

Eddie Scarito contributed to this post. Photo courtesy of USA Today Sports Images. Adrian Wojnarowski of Yahoo! Sports first reported the agreement, noting that it covered the rest of the season.

Central Notes: Bynum, Ilyasova, Fredette

March 1st, 2014 at 8:50am CST by Cray Allred

Chronic knee injuries have taken a permanent toll on Andrew Bynum, who will have to play through pain for the rest of his career. The Pacers big man says he has the drive to push through the injuries and contribute at a high level again, despite a lost season with the Sixers and an ugly release from the Cavs this year, he tells Candace Buckner of The Indy Star. “My motivation is because I want a championship. I want to play.” Here’s more from the Central Division:

Bynum admits to Buckner that he launched a half court shot and mocked an assistant coach in Cleveland out of frustration, which was rumored as the impetus behind the Cavs choice to suspend and then release him.
Bynum found Cavs coach Mike Brown‘s system too complex, and the winning attitudes in Cleveland lacking. Alternately, Bynum is impressed with the Pacers culture. “It’s better, it’s more structured. You’re here, they do what they need to do with you and then you’re out. It’s not like something is going on forever. Everything has a plan and you try to stick to it and accomplish it, that’s always good.”
Ersan Ilyasova tells Charles F. Gardner of Milwauke Journal Sentinel that he’s hoping the latest reset for the Bucks will be the last for a while. “Even last year being in the playoffs and we were hoping we were going to build on it. I came back to Milwaukee and it was like a new team. It’s really frustrating but at some point we have to find stability,” says Ilyasova. “We have a great organization. We have good fans, but we just have to be consistent with what we do. At some point I’m hoping we find the right pieces. I feel really comfortable being with the Milwaukee Bucks. We’ve had a lot of change, but I hope we find the right players.” Ilyasova requested a trade earlier in the year, but while Milwaukee shipped out guards Gary Neal and Luke Ridnour, they held on to the 26-year-old power forward they signed to a five-year, $40MM contract two offseasons ago.
Joel Brigham of Basketball Insiders thinks the Jimmer Fredette signing by the Bulls will be good for both the team and player. Chicago needs outside shooting, which Fredette can provide, and Fredette needs playing time to rebuild his value before becoming a free agent this offseason.

Bobcats, Ben Gordon Talk Buyout

February 28th, 2014 at 3:36pm CST by Chuck Myron

3:36pm: The Thunder have interest in Gordon, who continues to pursue a buyout with Charlotte, according to Ramona Shelburne of ESPNLosAngeles.com. Unlike other clubs thinking of signing him, Oklahoma City is open to giving him a deal that would allow him to become a free agent this summer, Shelburne adds (Twitter links).

FRIDAY, 10:23am: The Bulls are not expected to have interest in Gordon unless they miss out on Jimmer Fredette, according to Mike McGraw of the Daily Herald. Fredette is reportedly “strongly leaning” toward Chicago.

FEBRUARY 27TH: Buyout discussions continue between Charlotte and Gordon’s representatives, but the Raymond Brothers client doesn’t want to hook up with any team that wouldn’t allow him to hit free agency this summer, as he’s currently scheduled to do. The Bulls, Clippers and Rockets are apparently dangling two-year offers (Twitter links).

FEBRUARY 21ST: 5:40pm: Gordon and the Bobcats are close to completing an agreement on a buyout, according to Ramona Shelburne of ESPN.com.

1:38pm: The Bobcats and Ben Gordon are in negotiations about a buyout of his bloated expiring deal, reports Adrian Wojnarowski of Yahoo! Sports. Gordon is making $13.2MM in the final season of a five-year, $58MM contract. He was rumored to have been a part of discussions about the trade Charlotte made with the Bucks yesterday, but the 30-year-old shooting guard remains a Bobcat.

Gordon has seen action in just 18 games for the Bobcats this season, averaging 5.3 points in 14.4 minutes per contest. The career 40.2% three-point shooter has made a career-low 28.6% of his long-range attempts this year. Gordon has been in trade rumors since clashing with former coach Mike Dunlap last season.

The 10th-year veteran came to Charlotte from the Pistons in the summer of 2012 as part of a deal for Corey Maggette and a first-round pick that could become a lottery selection for the Bobcats this year. Buyout chatter has emerged surrounding Charlie Villanueva as well, meaning both key figures from Detroit’s 2009 spending spree may wind up ending their deals early.

Eddie Scarito contributed to this post.

Bulls Rumors: Fredette, Thibodeau, Granger

February 28th, 2014 at 2:28pm CST by Chuck Myron

The Bulls appear on the verge of a deal with Jimmer Fredette, and although coach Tom Thibodeau wouldn’t address the soon-to-be former King specifically with reporters, he dropped strong hints that Fredette is the sort of player the team wants to add. Nick Friedell of ESPNChicago.com rounds up the coach’s remarks.

“We could always use shooting so we’ll see,” Thibodeau said. “I know (Bulls executives are) looking at a number of guys right now. But any time we could add shooting, we’re interested. I think the more shooting you have the more it opens up the floor. It’s just to create the space, too. We want to open things up where we could attack off the dribble with our cuts, things of that nature. But it’s also how you complement your primary scorers, so we feel that’s an area of need.”

There’s news about Thibodeau himself amid the latest from Chicago:

Bulls vice president of basketball John Paxson operations issued another dismissal of rumors that Thibodeau will leave the team this summer over disagreements with the front office, notes Joe Cowley of the Chicago Sun-Times. “He is not going anywhere. … I don’t think it’s a stretch to say that our team is the best prepared in the NBA with Tom as our head coach,’’ Paxson said Thursday on WGWG-FM 87.7.
Sources close to the Bulls tell Mike McGraw of the Daily Herald that they didn’t have strong interest in Danny Granger or Caron Butler, despite reports putting them in the mix for both.
Trade chatter surrounded Mike Dunleavy and Kirk Hinrich before the deadline, but the Bulls never engaged in serious talks to deal away either of them, according to Sam Smith of Bulls.com, who answers reader questions in his latest mailbag column.

Kings Agree To Buyout With Jimmer Fredette

February 27th, 2014 at 5:52pm CST by Chuck Myron

5:52pm: Fredette is “strongly leaning” towards joining the Bulls once he clears waivers, according to David Aldridge of NBA.com (Twitter link).

3:26pm: The Kings and Jimmer Fredette have reached agreement on a buyout, the team announced. Sacramento’s press release doesn’t specifically state that the team has placed him on waivers, but presumably that’s the case. The Kings and Fredette’s representatives with Octagon Sports have been engaged in buyout talks this week after Sacramento failed to find a new home for its former 10th overall pick before the trade deadline.

Fredette will likely become a free agent on Saturday, and the Cavs and Bulls appear to be the teams with the most significant interest in signing him. Fredette is reportedly cool on the idea of joining Cleveland and is strongly considering latching on with a playoff team from the Eastern Conference. Chicago is pursuing others on the buyout market, but its best shot at landing a player of note appears to be with Fredette. The Grizzlies had interest, but Fredette was leaning against signing with Memphis in the hours before the Grizzlies claimed Beno Udrih off waivers Thursday, likely short-circuiting any chance of Fredette ending up with them.

Sam Amico of Fox Sports Ohio nonetheless hears the Grizzlies, as well as the Nuggets, are intrigued, and he names the Jazz a likely suitor as well. The Cavs are a long shot, according to Amico.

It’s not clear how much of Fredette’s $2,439,840 salary he’s giving up in the arrangement. The Kings declined the fourth-year option on his rookie scale contract, so he was due to hit free agency this summer. He never lived up to his draft position in Sacramento, where he saw his playing time shrink with each passing season. Still, he’s shooting 49.3% from three-point range with a 16.5 PER this season in 11.3 minutes per game.

“This was a very tough decision, but we’re confident that the agreement reached today represents the most productive path forward, both for Jimmer and the Kings,” Sacramento GM Pete D’Alessandro said. “Echoing a sentiment that everyone who knows him appreciates about Jimmer, he’s a tremendous person and a consummate professional. We thank him for the meaningful contributions he made to the team and in the Sacramento community. On behalf of an entire organization, we wish him nothing but great success in the future.”

The move opens a roster spot, and a report earlier this week indicated the team was likely to fill it with a 10-day contract for fellow former first-round pick Royce White. Still, coach Michael Malone said Thursday that such a move wouldn’t be happening soon.

Eddie Scarito contributed to this post.

Bucks Waive Caron Butler In Buyout Deal

February 27th, 2014 at 4:43pm CST by Chuck Myron

4:43pm: The Bucks have officially waived Butler, the team announced. There’s no mention of a buyout arrangement in the statement, but presumably that’s what took place. He’s set to become a free agent on Saturday.

3:56pm: A source tells Charles F. Gardner of the Journal Sentinel that Butler’s parting of ways with the Bucks is official, and Ramona Shelburne of ESPNLosAngeles.com hears he’ll be placed on waivers today (Twitter links). Still, there’s been no official announcement from the team.

8:01am: Caron Butler and the Bucks have reached agreement on a buyout, reports Adrian Wojnarowski of Yahoo! Sports, who casts the Thunder and Heat as the favorites to sign the small forward once he clears waivers. The Bulls and Spurs are also in the running, according to Wojnarowski (Twitter links). Butler will hit waivers once Milwaukee makes the move official, and presumably will become a free agent 48 hours later.

The Heat appeared to be the front runners for their former lottery pick when news broke earlier this week that Butler and the Bucks were talking about a buyout, but it appears they have strong competition from Oklahoma City. The Spurs have also previously been linked to Butler, but the Bulls appear to be a newcomer to the pursuit.

The 33-year-old Butler was in trade chatter leading up to the deadline, and while one report indicated the Bucks would be reluctant to give up the Wisconsin native, another suggested the team was ready to part ways, either via trade or buyout. Milwaukee acquired Butler in a trade with the Suns in the offseason, though he never played for Phoenix, which traded for him earlier in the summer in a deal with the Clippers. Butler’s expiring contract calls for him to make $8MM this season, though it’s unclear how much of that the Raymond Brothers client is giving up in the buyout.

Buyout Rumors: Bulls, Granger, Butler

February 27th, 2014 at 12:47pm CST by Chuck Myron

The Bulls don’t believe adding a 13th guaranteed contract at this point will push the team into the luxury tax, according to K.C. Johnson of the Chicago Tribune. I examined last month how the team’s proximity to the tax could affect its roster, and Mark Deeks of ShamSports did the same, noting how a bonus for Taj Gibson could push the team over the tax line. Deeks tweeted recently that the Bulls couldn’t sign anyone for the rest of the season until April 3rd, but judging from reports linking them to Jimmer Fredette, Danny Granger and Caron Butler, it appears they don’t have to wait that long. Here’s more on a bustling post-deadline market:

Granger is having phone conversations today with the Spurs, Heat, Rockets, Clippers and Bulls, tweets Marc J. Spears of Yahoo! Sports. Those are the teams that TNT’s David Aldridge identified Wednesday as Granger’s preferred destinations.
Deeks clarifies that the Bulls can sign two players for the rest of the season today and stay out of the tax if they’re confident Gibson won’t make an All-Defensive Team and trigger the bonus clause in his contract. If they wanted to play it safe in case Gibson does earn such an honor, they’d have to wait until April 3rd to hand out any contract for the rest of the season (Twitter links).

Earlier updates:

The Bulls‘ best shot at landing a significant target is with Fredette, McGraw tweets.
The Rockets are also interested in Butler, according to Gery Woelfel of The Journal Times, who hears the Raymond Brothers client could make his decision on a new team today. The Heat and Thunder appear to be the favorites to land him.
The Bulls don’t have interest in newly minted free agent Metta World Peace, and they wouldn’t pursue Ben Gordon, either, if he buys his way off the Bobcats, according to Mike McGraw of the Daily Herald.
The Thunder were linked to Granger last week, but they haven’t been since, and the end of their pursuit has led many in the NBA to believe they’re confident about their chance to land Butler, writes Adrian Wojnarowski of Yahoo! Sports.
The contract that Glen Davis signed with the Clippers is a two-year deal for the minimum salary with a player option for next season, reports Broderick Turner of the Los Angeles Times. Davis joined the Clippers after securing a buyout from the Magic.

Jimmer Fredette, Kings Close To Buyout

February 27th, 2014 at 10:31am CST by Chuck Myron

10:31am: The Cavs are indeed interested in Fredette, according to a full story from Stein, who reiterates that the Bulls are also going after the sharpshooter. Stein hears Fredette is strongly considering a playoff-bound team in the East. Fredette and the Kings still haven’t reached agreement on a buyout, but that could happen as soon as today, sources tell Stein.

8:57am: The Cavs are unlikely to have interest in Fredette, unless today’s medical exams on the injured Dion Waiters and C.J. Miles go poorly, as Jason Lloyd of the Akron Beacon Journal explains. Fredette wouldn’t want to sign with Cleveland anyway, according to an earlier report (linked below).

THURSDAY, 8:19am: The Bulls are a contender with an outside chance at landing Fredette, Stein tweets

1:01pm: The former BYU star is leaning against signing with the Grizzlies, according to Stein (on Twitter).

12:12pm: Fredette doesn’t have interest in joining the Cavs, Amico hears (Twitter link). Amico suggested Tuesday that Cleveland could get involved with the former BYU star, but it appears that’s not going to happen.

WEDNESDAY, 11:41am: The buyout is on track to be complete today, tweets Adrian Wojnarowski of Yahoo! Sports.

TUESDAY, 1:00pm: The Grizzlies are in on Fredette, tweets Marc Stein of ESPN.com. Memphis has pursued Fredette via trade since last season, Stein adds in a second tweet.

11:46am: The Cavs had interest in Fredette before the trade deadline, too, tweets Sam Amico of Fox Sports Ohio, who suggests that Cleveland could be in the mix again, even though the trade talks didn’t make much progress. The Jazz have had no discussions about adding Fredette, a source tells Marc J. Spears of Yahoo! Sports (Twitter link).

11:32am: Some in the Warriors front office are high on Fredette, but the team is unlikely to have interest in signing him if he becomes a free agent, according to USA Today’s Sam Amick (Twitter link).

9:20am: The Nuggets had “significant” talks with the Kings about Fredette before the deadline, Wojnarowski notes, pointing out that Denver elected to trade for Aaron Brooks instead (Twitter link). Steve Kyler of Basketball Insiders identifies the Knicks as a “team to watch” in a potential race for Fredette, citing New York’s desire to add three-point shooting as well as potential legal trouble surrounding Raymond Felton (Twitter links). Felton was arrested overnight and faces three counts of criminal possession of a weapon.

8:51am: Jimmer Fredette and the Kings are nearing a buyout agreement, reports Adrian Wojnarowski of Yahoo! Sports. Several teams are expected to have interest in signing the former 10th overall pick for the rest of the season.

Fredette had been a frequent subject of trade rumors, but the Kings couldn’t find a taker for his expiring contract, worth $2,439,840 this year. The Kings declined his 2014/15 option before this season began, setting him up for unrestricted free agency this summer. Now it appears he’ll hit the market even sooner.

The one-time college superstar at BYU has yet to approach that kind of success in the NBA, averaging 7.0 points in 15.0 minutes per game over two and a half seasons. His minutes and scoring have declined in both seasons since his rookie year, and his numbers are just 5.9 PPG and 11.3 MPG in 2013/14. He’s nonetheless improved his three-point accuracy every year, and is up to an impressive 49.3% this season, albeit on just 73 attempts.

The timing of the news is somewhat surprising, since the Kings traded Marcus Thornton to the Nets last week and announced this weekend that Jason Terry will miss the rest of the season, which might have opened up minutes for Fredette. Still, Isaiah Thomas, Ben McLemore and Ray McCallum are all still competing for backcourt playing time.