Bucks Waive Caron Butler In Buyout Deal
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
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
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.
Eastern Notes: Gooden, Casey, Bulls
Derrick Rose has begun running for the first time since tearing a meniscus earlier this year, according to a note from the Associated Press on NBA.com. Despite the good news, Bulls coach Tom Thibodeau again reiterated that Rose will remain out for the rest of the season. Here’s more from the East:
- Thibodeau says that it’s possible the Bulls could add a veteran from the buyout market, he tells Nick Friedell of ESPN Chicago: “We could. I know [GM Gar Forman] and [executive VP] John [Paxson] are looking at the market and watching how it shapes up. Again, if something is a good fit for us and we think can help then we may take a shot at it.”
- Drew Gooden is ready to contribute in his second stint with the Wizards, he tells J. Michael of CSNWashington.com. “I’ve been spectating. I’m thirsty. I’m hungry. Definitely there’s a reset button that’s been hit.” Gooden is more enthusiastic about his time in Washington this time around than last, when the team struggled following the Gilbert Arenas locker-room gun incident. The Wizards appealed to him because of their commitment to winning. “When I first came in it seemed like the whole league was eager to win a championship. It wasn’t really realistic but they made those moves and those efforts to win. I see a handful of teams doing that now and I believe the Washington Wizards is one that wants to win. That’s why they added me for depth going into the playoffs.”
- The Raptors have a looming decision on whether to sign breakout point guard Kyle Lowry to a lucrative deal when he becomes an unrestricted free agent this summer, but the decisions don’t end there, writes Eric Koreen of The National Post. Coach Dwane Casey‘s contract also expires at the end of the year, and he has also performed above expectations in guiding the Raptors to the upper echelon of the Eastern Conference. GM Masai Ujiri isn’t one to reveal which way he’s leaning, but this doesn’t faze Casey. “I promise you, I don’t even think about that,” Casey said. “That’s one thing that I can’t control. The only thing I can control is preparing this team each and every game.”
Sixers Reach Buyout Deal With Danny Granger
10:38pm: Granger’s representatives were present at the Clippers/Rockets game to meet with Los Angeles officials, per Shelburne (Twitter link). Shelburne adds that the Rockets’ push to sign Granger could have something to do with the appearance.
5:05pm: Stein and ESPN.com colleague Ramona Shelburne suggest in their full story that the Clippers are the favorites, and add that Granger is seeking a championship contender as well as playing time.
4:09pm: The Sixers and Danny Granger have reached agreement on a buyout, the team has announced, and Philadelphia has placed the 30-year-old on waivers. David Aldridge of NBA.com first reported the news. The Clippers have emerged as front runners for Granger, writes Adrian Wojnarowski of Yahoo! Sports. Aldridge names the Clippers, Rockets, Bulls, Heat and Spurs as Granger’s preferred destinations, reiterating his report from earlier today. Marc Stein of ESPN.com casts it as a battle between the Clippers and the Spurs (Twitter link).
“Given Danny’s future goals and his desire to pursue them, we worked to fulfill his requests and have come to a resolution that we feel is mutually beneficial to both Danny and our organization,” Sixers GM Sam Hinkie said in a statement. “We wish Danny the best in the next phase of his career.”
The Pacers traded Granger to the Sixers at the deadline, but Granger was upset upon hearing the news. The Sixers hesitated as they pondered retaining the former All-Star for a possible sign-and-trade in the summer, but they wound up acquiescing to his desires. It’s not clear how much money Granger is forfeiting from his more than $14MM salary.
The Creative Artists Agency client figures to be the prize of the buyout market, even though one GM told Sam Amico of Fox Sports Ohio that he thinks the ninth-year veteran is “done” after injuries that have plagued him the last two seasons. Chris Mannix of SI.com reiterates Stein’s report that the Spurs and Clippers are the front runners, having heard that from executives with other clubs (Twitter link).
Sixers, Granger Nearing Buyout
10:12am: There isn’t quite as much interest in Granger as other reports have suggested, according to Sam Amico of Fox Sports Ohio, who hears from one GM who says that he has no interest at all and that Granger is “done” (Twitter link). Still, I’d be surprised if Granger doesn’t receive multiple attractive offers once a buyout is done.
WEDNESDAY, 7:59am: The buyout should be done today, TNT’s David Aldridge hears, identifying the Clippers, Bulls, Heat, Rockets and Spurs as teams in the hunt for the 30-year-old (Twitter link).
10:55pm: It’s also being said that Granger is weighing all of his options right now, including staying with Philadelphia for the remainder of the season, according to Ramona Shelburne and Marc Stein of ESPN. However, if Granger should complete a buyout soon enough, Stein tweets that the Spurs and Clippers will be in a two-team race for his services.
TUESDAY, 4:35pm: Granger appears to be limiting his interest to realistic title contenders, rather than mere playoff teams, tweets TNT’s David Aldridge.
MONDAY, 6:30pm: Coach Brett Brown told reporters, including Dei Lynam of CSNPhilly.com (on Twitter), that the club might have an announcement regarding Granger in the next 24 hours. There’s no nameplate on Granger’s locker and he won’t be in action for tonight’s game against the Bucks.
SATURDAY, 12:06pm: League sources tell Charania that Granger would likely choose between the Heat, Clippers, Bulls, Spurs, and Mavs as a free agent should the buyout happen (Twitter link).
11:55am: In initial discussions regarding a buyout for recently acquired Danny Granger, the Sixers have been cooperative with the shooting guard, a league source tells RealGM.com’s Shams Charania (via Twitter).
Despite reports that Granger was unhappy with being traded and immediately wanted a buyout, it appears there is no animosity between him and the Sixers organization. Earlier in the day, Adrian Wojnarowski of Yahoo! Sports reported that Granger was undergoing a team physical, but adds that the physical does not mean that the former All-Star isn’t interested in a buyout (Twitter links).
Granger was traded to the Sixers from the Pacers at the trade deadline after spending the first eight-plus years of his career in Indiana. A knee injury has limited Granger’s athleticism and impact over the last two seasons, when he has been moved to the bench and averaged under 23 minutes and 10 points per game for the first time since his rookie season.
Knicks Only Team Willing To Offer Max To ‘Melo?
Unless LeBron James opts out of his deal, Carmelo Anthony seems poised to become the top prize on the free agent market this summer, having said on multiple occasions that he intends to exercise his early termination option at season’s end. Sources nonetheless tell Steve Kyler of Basketball Insiders that the Knicks will likely be the only team willing to offer Anthony a maximum-salary deal.
The highest starting salary Anthony could get in a new deal is $22,458,401, whether he signs with the Knicks or another team. Still, the Bulls and Lakers, two rumored suitors, appear reluctant to go that high, Kyler writes. It’s not the first report indicating a lack of interest from the Lakers, and Kyler has written before about the low odds of a max deal for Anthony in Chicago. Still, with no other max-salary pitches emerging, it sounds like the Knicks will wind up with a distinct financial advantage come July. New York could offer a longer deal with higher raises even if another team offered the same maximum starting salary, meaning the Knicks can lay out a package that’s about $33MM more than anyone else can put on the table, as Luke Adams of Hoops Rumors explained back in October.
It might not come down to money for the Leon Rose client, who said over the All-Star break that he’d be willing to take less if it would help the Knicks retain the flexibility to sign other useful free agents. Anthony said his priority is to stay with the Knicks, and that he’d sit down with the team executives in the summer before making his final decision to hear their plan for returning the team to contention.
Of course, much can change between now and the summer, and I’d be surprised if at least one other team that’s not planning a maximum-salary pitch to Anthony decides it’s willing to make one. Anthony turns 30 in May and has won just three playoff series in his career, but he’s only one season removed from leading the NBA in scoring, and his 25.1 PER this year is a career high.
Magic Waive Glen Davis In Buyout Arrangement
SUNDAY, 10:37am: Sam Amick of USA Today (Twitter Link) has heard that the Nets have been told that Davis will sign with the Clippers once he clears waivers at 5 p.m. today.
SATURDAY, 1:58pm: The Nets and Clippers remain the frontrunners to sign Davis, but the Heat might be interested in him as well, says Marc Stein of ESPN. Stein also hears that all of the teams with rumored interest in Big Baby expect him to make a decision on where to sign before the end of the weekend (Twitter links).
FRIDAY, 7:05pm: You can add the Bulls to the list of teams that may be interested in Davis, according to David Aldridge of NBA.com (Twitter Link).
6:20pm: According to Steve Kyler of Basketball Insiders (Twitter Link), the Magic will not be using the stretch provision on Davis, and will take the full hit on his $6.6MM salary during the 2014/2015 season. Kyler also tweeted that the team had told Davis of their intention to waive him and buy out his contract last weekend.
1:51pm: Kevin Garnett is recruiting Davis as part of a hard push from the Nets to convince him to sign with Brooklyn, Wojnarowski tweets.
1:45pm: The Magic have officially announced that they’ve come to a buyout arrangment and waived Davis. It’s unclear how much of his salary Davis is relinquishing.
1:04pm: The team has yet to make an official announcement, but the release of Davis has been finalized, according to Ramona Shelburne of ESPNLosAngeles.com (Twitter link).
12:43pm: There’s a sense around the league that Davis and Rivers already have what amounts to an agreement for Big Baby to join the Clippers once he clears waivers, as Marc Stein of ESPN.com writes. The Magic are expected to officially release Davis this afternoon, tweets Brian K. Schmitz of the Orlando Sentinel.
THURSDAY, 9:43pm: Along with the Clippers, the Heat, Spurs, Nets, and Warriors are expressing interest in Big Baby, tweets Marc J. Spears of Yahoo Sports.
6:58pm: The Magic and Glen Davis have reached agreement on a buyout, according to Adrian Wojnarowski of Yahoo Sports (via Twitter). The buyout should be official tomorrow morning.
Orlando was dangling the big man at the deadline but they were unable to find a taker. Davis was due the remainder of his $6.4MM salary this season and $6.6MM in 2014/15. The 28-year-old is coming off of a year in which he averaged 15.1 PPG and 7.2 RPG with a 15.0 PER in an injury-shortened season. So far in 2013/14, Davis has been bitten by the injury bug once again. He’s putting up 12.1 PPG and 6.3 RPG in 30.1 minutes per contest this season.
The Clippers figure to be a strong frontrunner for Davis now that he’s available, tweets Adrian Wojnarowski of Yahoo Sports. Los Angeles makes a lot of sense for Davis who has a relationship with Doc Rivers and presumably would like to join a contender. For Orlando, the buyout should open up playing time for Andrew Nicholson and Kyle O’Quinn as they look to the future.
Eddie Scarito contributed to this post.
Odds & Ends: Miller, Sessions, Deng, Brown
Andre Miller was excited when he got word he had been traded, reveals Michael Lee of the Washington Post. “I was ready to go,” said Miller. “I’m glad it’s over. I’ve been sitting around for about a month and a half. I’m happy to be here.” He’ll have the opportunity to help the Wizards make some noise in the East after sitting on the bench since late December. Let’s round up some news from around the NBA:
- According to HoopsHype, 20 of the 50 most discussed trade candidates wound up being dealt by Thursday’s deadline.
- Ramon Sessions is content being back with the Bucks, writes Charles F. Gardner of the Journal Sentinal. The Bucks selected Sessions 56th overall in the 2007 draft.
- The deadline deal between the Bobcats and Bucks is now official per a tweet from Charlotte’s PR account, so Gary Neal and Luke Ridnour can now play playoff-hopefuls in Charlotte.
- Luol Deng will be a free agent at season’s end, and if he chooses to walk away from the Cavaliers, he’s likely to be pursued by the Mavs, Lakers, Celtics, Magic and Bobcats, hears Mitch Lawrence of the New York Daily News.
- The Bulls and Spurs are among the teams interested in signing the recently waived Antawn Jamison, reports Ramona Shelburne of ESPNLosAngeles.com (via Twitter).
- Shannon Brown is coming off his second 10-day with the Spurs, and although his play for San Antonio was less than stellar, he’s drawing interest from the Rockets, Heat, Bulls, and Knicks, tweets Sam Amick of USA Today.
- It wouldn’t be surprising to see the Heat sign two free agents in the coming week, according to Ira Winderman of the Sun Sentinel, who notes Miami has an open spot from the Roger Mason deal, and also could waive Toney Douglas if they’re interested in more than one guy (Twitter link).
- An official press release from the Cavaliers revealed the team has assigned Arinze Onuaku to their D-League affiliate, the Canton Charge. Onuaku had been playing for the Charge before signing a 10-day deal with Cleveland but didn’t have his rights owned by the Cavs.
- Gino Pilato of DLeagueDigest.com explores what went wrong during Pierre Jackson‘s tenure in the D-League.
- David Stern laid the foundation for continuing growth in the NBA, and Carol Cain of the Detroit Free Press looks back on what he was able to accomplish during his tenure as commissioner.
Central Notes: Deng, Pacers, Bulls
Anthony Bennett appears to have turned around his season, averaging nearly 20 minutes per game this month for the Cavs, with a boost in production. “I’m just more relaxed on the court, going out there not really thinking about too much, not thinking about the plays or who needs to get the ball where. I just need to go out there play my game, play hard, rebound and then things will start flowing,” Bennett said, according to Ryan Wolstat of The Toronto Sun. Here’s a look at what else is happening around the Central Division:
- Cavs guard Jarrett Jack was a heavily discussed trade candidate as the trade deadline came and went, but tells Mary Schmitt Boyer of The Plain Dealer that the rumors didn’t affect him much.
- In the same piece, Luol Deng said that all of the contract talk from this year has been “exhausting,” and that his perspective on the Cavs is incomplete as he heads toward free agency, when he will decide whether to stay with the team that traded for him earlier this year: “It’s just the same thing everybody wants. The guy who brought me here [former GM Chris Grant] is not here, and now we have [current GM David Griffin] and Griff is an interim. Those two guys are who really brought me here. I really don’t know if Griff is going to be the GM or what’s going on. I know the direction the organization is going and how everything has been set up. I’ve been happy with that from day one.”
- The Bulls might be interested in adding Ben Gordon if the Bobcats buy out his contract as expected, per Rick Bonnell of The Charlotte Observer. Gordon was an impact player for Chicago in his first five seasons in the NBA.
- Speaking of the pool of players being bought out or waived, Bulls coach Tom Thibodeau said that any player added by Chicago won’t wind up a forgotten man on the end of the bench, per K.C. Johnson of The Chicago Tribune.
- The Pacers are sad to lose former face of the franchise Danny Granger after Thursday’s trade with the Sixers, but the team isn’t questioning the front office’s championship-or-bust mentality that brought about the trade, writes Mark Montieth of NBA.com.