Eastern Notes: Magic, Knicks, Deng, Bulls
There haven’t been any updates on potential deals involving Andre Miller or J.R. Smith, so let’s have a look at the Eastern Conference in the meantime:
- Despite diminished frontcourt depth, the Magic won’t be signing a player to a 10-day contract in the near future, reports Josh Robbins of the Orlando Sentinel. The club waived Solomon Jones yesterday, and starting center Nikola Vucevic is suffering from a concussion, but apparently team management is confident in the club’s bench.
- It’s been a tough season for the 12-22 Knicks, but head coach Mike Woodson still believes his club could hang with the Heat if his players were healthy. Fred Kerber of the New York Post passes along this quote from Woodson: “Absolutely and I still believe that [we could hang with the Heat], if we could ever get back whole… I’m not taking anything away from the players who have been consistently in uniform for us, but it’s hard to judge our team.“
- Over at USA Today, a panel of sports writers takes a look at various issues surrounding the trade that sent Luol Deng from the Bulls to the Cavaliers. Among the issues discussed: the future of Chicago’s organization and the potential direction of Andrew Bynum‘s career after he was waived yesterday.
- Mike McGraw of the Daily Herald opines that the Derrick Rose Rule is the reason that the Bulls couldn’t retain Deng. McGraw argues that Chicago couldn’t offer Deng a big enough extension because they had so much tied up in the contract that Derrick Rose was allowed to sign as a result of his early-career success.
Cavs Hope To Keep Luol Deng Long-Term
WEDNESDAY, 3:35pm: Asked today about re-signing, Deng said that he hopes Cleveland can be a long-term destination, but declined to go into further deal, as Jodie Valade of the Plain Dealer outlines.
Deng also tells K.C. Johnson of the Chicago Tribune that he and his reps were never seeking $15MM annually in extension talks with the Bulls, and while he’s not upset with the organization, he’s bothered by that figure leaking (Twitter links). For what it’s worth, only one report suggested Deng was seeking $15-16MM per year, while most others pegged his desired figure in the $12-13MM neighborhood, as we noted below.
TUESDAY, 3:53pm: The Cavaliers didn’t waste any time today talking about how much they want newly-acquired Luol Deng to be a part of their future. While Deng has yet to put on a Cavs uniform, GM Chris Grant has already indicated that the goal is to keep the veteran forward around “long-term,” according to Sam Amico of FOX Sports Ohio (Twitter link).
Deng reportedly turned down a three-year, $30MM extension offer from the Bulls, but the Cavs are expected to revisit the topic of a contract extension with the 28-year-old. Still, negotiations won’t begin immediately, according to Grant, who says he wants Deng to get acclimated in Cleveland first (Twitter link via the Plain Dealer).
If the Cavs offer Deng an extension, they’ll only be able to tack on three years to his existing deal. While that could work for the team, Deng may prefer to hit the open market, where he could receive a five-year offer from Cleveland or four-year offers from rival suitors.
In his piece today evaluating the swap between the Cavs and Bulls, Grantland’s Zach Lowe noted that finding the right price point for Deng in free agency won’t be easy. Lowe suggests that the Cavs shouldn’t make a five-year offer, and should probably only go up to four years if that final season is at least partially non-guaranteed. With Deng’s Bird rights in hand though, Cleveland is now invested in finding a workable deal for the former Bull, who is said to be seeking at least $12-13MM annually.
Ford On Young, Cavs, Lakers, Bulls, Draft
As usual, ESPN.com’s Chad Ford devoted half of his weekly chat to NBA talk and the other half to draft chatter. He provided a handful of interesting tidbits this week on both subjects, so let’s check in on several of the highlights….
- According to Ford, the Cavaliers flirted with acquiring Thaddeus Young from the Sixers in a deal for Andrew Bynum, but Philadelphia wanted Cleveland’s own 2014 first-rounder, which was a non-starter.
- Danny Ainge keeps saying the 2014 draft class is overrated, which Ford interprets to mean that the Celtics GM actually loves it.
- The Lakers are “living in a fantasy land” when it comes to their asking price for Pau Gasol, says Ford, adding that L.A. wanted more from the Cavs for Gasol than what the Bulls got for Luol Deng.
- Ford doesn’t think the Bulls are done dealing, noting that there have been a lot of trade whispers about Kirk Hinrich, Joakim Noah, and Carlos Boozer. I imagine Chicago would be much more inclined to part with Boozer and/or Hinrich than Noah.
- NBA execs who value advanced metrics are concerned about Julius Randle‘s lack of steals this season (one in 385 minutes). While NBA teams still like Randle a lot, no GM or scout has suggested recently to Ford that his team would take the Kentucky big man first overall.
- The Magic and Kings “really like” Oklahoma State point guard Marcus Smart.
- “Virtually every GM in the league is in love” with Joel Embiid, who remains in the mix for the first overall pick.
- Ford hears that a Mormon mission after this season isn’t out of the question for Jabari Parker, which prompted him to ask several GMs where they’d take the Duke forward if he declared for the draft and announced he was going on a two-year mission. Surprisingly, a few still said they’d take Parker first overall, says Ford.
Central Links: Bennett, Rose, Bulls, Bucks
The Bulls won their first game since trading Luol Deng, beating the Suns 92-87 last night, but the victory, Chicago’s third straight, didn’t pull the club any closer to the division-leading Pacers, who also won their third in a row. Indiana’s 13-game lead in the Central is by far the biggest margin between any division leader and second-place team in the NBA. Let’s round up a few items from out of that Central Division:
- Ken Berger of CBSSports.com wonders why the Cavaliers have yet to assign No. 1 pick Anthony Bennett to the D-League to help him develop, a topic which has been discussed among executives at this week’s D-League Showcase in Reno.
- Derrick Rose and his camp don’t have a leg to stand on if they’re unhappy with the Bulls‘ decision to trade Deng, writes Joe Cowley of the Chicago Sun-Times. Publicly, team management has indicated that Rose has shown no indication of being upset with the Bulls’ direction, despite whispers that the star point guard wouldn’t be on board with a rebuilding period.
- Ira Winderman of the South Florida Sun Sentinel is skeptical that the Bulls will be a serious candidate to land LeBron James this summer, but acknowledges that Chicago will likely be linked to many players leading up to free agency.
- Klay Thompson tells Gery Woelfel of the Racine Journal Times (Twitter link) that he thought there was a 90% chance he’d end up being drafted by the Bucks back in 2011.
Possible 10-Day Contracts From The D-League
With the D-League Showcase under way in Reno, more league attention has been turned the direction of the young players outside the NBA. The Showcase alone is not the reason for the shift in focus. All of the players on NBA rosters are now guaranteed salaries for the remainder of the season, and teams are now able to sign players to 10-day contracts. Below are a few of the players that have already drawn attention around the league.
- Ike Diogu is playing well at the D-League Showcase and league sources say he could draw interest from Lakers, Clippers, Thunder and Pelicans, according to Ken Berger of CBSSports.com (Twitter links).
- James Nunnally of the Bakersfield Jam is a D-League call-up candidate and has had meetings with the Cavs, Bulls, and Thunder at the D-League showcase in Reno, tweets Sam Amick of USA Today. Amick later tweeted the Hawks are also a team interested in Nunnally.
- James Southerland has met with at least three teams this week, according to Shams Charania of RealGM.com. He has played one game with the Bobcats and spent the summer with the 76ers and Warriors.
Zach Links contributed to this post.
Kirk Hinrich Drawing Interest From Warriors
The Bulls likely aren’t done dealing after sending Luol Deng to Cleveland, as we heard earlier today from Sam Amico of FOX Sports Ohio (Twitter link), and it appears that Kirk Hinrich could be the next expiring veteran contract on the block. According to Sam Amick of USA Today, Hinrich is receiving interest around the league, with the Warriors having shown “serious interest” even before the Deng trade.
The Warriors have been linked to multiple point guards in recent weeks, including Kyle Lowry and Andre Miller. For now, Andre Iguodala has assumed some point guard duties, and Toney Douglas sees a handful of minutes, but the team continues to look for a solid backup behind Stephen Curry, according to Amick.
Hinrich, 33, has taken on a larger role in Chicago following Derrick Rose‘s second consecutive season-ending injury, but is probably better suited to come off the bench. Playing 30.7 minutes per game this season, his highest average in three years, Hinrich has shot a career-low 34.0% from the floor and posted a 9.3 PER, the second-worst mark of his career.
Hinrich is earning about $4.06MM this season, which could make him a nice fit for the Warriors’ $4MM trade exception — teams are allowed to take back an additional $100K when they use TPEs, so Hinrich would barely fit into that exception. Acquiring the Bulls guard without sending out any salary would push the Warriors right up against the tax line, however, so the team may prefer to move a player or two in any deal.
Longtime NBA writer Peter Vecsey first suggested this afternoon (via Twitter) that Hinrich could be available, with the Warriors potentially in the mix.
Bulls Waive Andrew Bynum
As expected, the Bulls have waived Andrew Bynum, a league source tells Ken Berger of CBSSports.com (Twitter link). The move comes in advance of today’s guarantee deadline, so Bynum’s cap hit on Chicago’s books will be worth $6MM rather than his full-season salary of $12.25MM.
Bynum was a Bull for less than 24 hours before being cut, having been acquired from the Cavaliers in the trade involving Luol Deng that was finalized late last night. Because Bynum’s contract acts as a midseason expiring deal, Chicago will be able to dip below the luxury tax threshold, saving more than $20MM in total salary and tax payments.
Due to his significant cap figure and less significant recent impact on the court, Bynum will pass through waivers without being claimed, which will free him up to sign with any team besides Cleveland as soon as this week. The 26-year-old is believed to be interested in the Heat and Clippers, though Broderick Turner of the Los Angeles Times suggests (via Twitter) that L.A. is lukewarm about the idea of pursuing the big man. The Knicks are expected to be in the mix as well.
It’s unlikely that Bynum will draw more than minimum-salary offers, but if he does, Miami could be well positioned, since the Heat have yet to use their mid-level exception this season.
Bulls Notes: Deng, Rose, Mirotic, Boozer
The Luol Deng trade between the Cavaliers and Bulls could have a significant impact on the Heat, according to Ira Winderman of the South Florida Sun Sentinel. As Winderman notes, the move should ensure that Andrew Bynum becomes available for Miami to pursue, and it also gives the Cavs an intriguing alternative to LeBron James in free agency this summer.
The Bulls had been expected to challenge Miami for Eastern Conference supremacy this season, but for now, Chicago’s front office is focused on how to improve the long-term outlook of a team that no longer has Deng and will be without Derrick Rose for several more months. Here’s the latest out of Chicago:
- Asked about the Deng trade, coach Tom Thibodeau declined to go into detail, but “it’s obvious he disagreed” with the decision to move the veteran forward, tweets Nick Friedell of ESPN Chicago. Mike McGraw of the Daily Herald suggests (via Twitter) that Thibodeau isn’t necessarily upset about the move, since he recognizes the reality of the Bulls’ situation, but he’s “not thrilled, obviously.”
- Bulls VP of basketball operations John Paxson confirmed that the club offered Deng an extension recently. According to Paxson, the front office felt like it was a competitive offer, but understood completely when Deng passed (Twitter links via K.C. Johnson of the Chicago Tribune).
- The money saved by the Bulls in this deal will be reinvested in the franchise, according to Paxson (Twitter link via Friedell).
- Paxson disagrees with the notion that the Bulls are rebuilding, suggesting that it’s not a rebuild when a franchise still has players like Rose and Joakim Noah, plus a coach like Thibodeau (Twitter link via TNT’s David Aldridge). Paxson added that the front office’s working relationship with Thibodeau is “really good,” according to Friedell (via Twitter).
- Owner Jerry Reinsdorf and GM Gar Forman both spoke to Rose about the Deng trade and didn’t get the sense that the former MVP was unhappy with the direction of the club, tweets Friedell.
- Nikola Mirotic remains a part of the Bulls’ future, but the organization isn’t as confident as it once was that he’ll be signed this summer, tweets Friedell. Still, Chicago hopes to bring him over “sooner rather than later,” says Paxson (Twitter link via Johnson).
- The Bulls haven’t yet decided whether Carlos Boozer will be amnestied in July, says Paxson (Twitter link via Friedell).
- Paxson acknowledged that the Bulls didn’t handle Deng’s spinal tap fallout last spring as well as they should or could have, according to Johnson (Twitter link).
Fallout, Leftover Details From Deng/Bynum Trade
Late last night, the Cavaliers and Bulls struck 2014’s first deal, and arguably the most interesting swap of the ’13/14 season so far, with Chicago sending Luol Deng to Cleveland in exchange for Andrew Bynum‘s contract and several draft picks. In our story on the trade last night, we made note of a few potential ramifications of the deal, including the possibility of the Cavs re-signing Deng in July, and the effect that losing the All-Star forward will have on the Bulls’ chances of a high lottery pick. There are many other leftover details related to the trade to round up though, so let’s dive right in and tackle a few of them….
- Adrian Wojnarowski of Yahoo! Sports reported last night that Deng turned down a three-year, $30MM extension offer from the Bulls before the team decided to trade him. In his full piece on that news, Woj notes that Chicago was unwilling to go as high as $12-13MM over four or five seasons for the 28-year-old.
- Following up with more details on those extension talks, K.C. Johnson of the Chicago Tribune (Twitter link) hears there’s a chance the two sides also discussed a four-year, $40MM contract, while Jeff Zillgitt of USA Today tweets that Deng’s reps may have been looking for a deal in the $15-16MM per year range.
- Although the Bulls will sneak below the tax threshold when they waive Bynum, that move will leave them with 12 players, one short of the league minimum. ESPN.com’s Brian Windhorst points out (via Twitter) that adding a player today for the prorated veteran’s minimum would still keep the Bulls below the tax, albeit not by much. Chicago also doesn’t have to add a 13th player immediately, since teams can drop to 12 for up to two weeks at a time, so the club could retain a little flexibility by waiting, then signing players to 10-day contracts.
- More financial details from Windhorst (Twitter link): Chicago’s total payroll and tax savings add up to more than $20MM+, and the Bulls will also receive another $2-3MM when this year’s tax money is dispersed, assuming team payroll remains below the $71.748MM threshold.
- A source tells Sam Amico of FOX Sports Ohio that this likely won’t be the last trade of the season for either the Bulls or the Cavs (Twitter link).
- The Cavs had been trying for “quite some time” to move the Kings‘ first-round pick, tweets Jason Lloyd of the Akron Beacon Journal. The pick isn’t quite as valuable as Cleveland’s other first-rounders, since its protection, combined with the Kings’ recent futility, could result in it eventually becoming a second-round pick. The first-rounder is top-12 protected this year, then top-10 protected from 2015 to 2017. Lloyd adds that the Cavs tried to give the pick back to Sacramento or loosen the protection in various deals before sending it to Chicago.
- Pau Gasol and the Lakers were connected to the Cavs frequently over the last week, but L.A. remained adamant about receiving a young player or premium pick from Cleveland, which wasn’t going to happen, tweets Amico. ESPN.com’s Marc Stein adds (via Twitter) that acquiring Deng was always the Cavs’ dream scenario, which is why the team was willing to send picks to the Bulls, but not the Lakers.
- According to Ramona Shelburne of ESPNLosAngeles.com (Twitter link), the Lakers still believe they have other ways to get under the luxury tax after not landing Bynum. In my opinion, that’ll be pretty difficult.
- In his trade story at ESPN.com, Windhorst adds the Knicks to the list of teams expected to have interest in Bynum once he clears waivers.
- The Bulls created a modest trade exception in the deal, worth the difference in Deng’s ($14,275,000) and Bynum’s ($12,250,000) salaries: $2,025,000.
- Sean Deveney of the Sporting News writes that the Cavs completed this trade with Kyrie Irving‘s long-term future in mind, while ESPN Chicago’s Nick Friedell says that the divorce of Deng and Tom Thibodeau may lead to an adjustment period for both guys over the next few weeks.
Cavaliers Acquire Luol Deng For Bynum, Picks
The Cavaliers and Bulls have reached an agreement on a trade that will send Luol Deng to Cleveland in exchange for Andrew Bynum and draft picks, reports Shams Charania of RealGM (via Twitter). ESPN.com’s Brian Windhorst confirms that the Cavs have acquired Deng (Twitter link), while team owner Dan Gilbert also tweeted confirmation of the deal, welcoming Deng to Cleveland.
According to Jason Lloyd of the Akron Beacon Journal (Twitter link), the Bulls will receive a first-round pick and a pair of second-rounders from the Cavs in the swap, in addition to Bynum. The first-rounder will be the Kings’ 2014 pick, which is top-12 protected, while the second-rounders will be Portland’s 2015 and 2016 picks, according to an official release from the Cavs. The Bulls will also have the rights to swap first-rounders with the Cavs in 2015, but only if Cleveland’s pick doesn’t fall in the lottery, tweets Lloyd.
Although the Cavs will surrender a handful of draft picks in the deal, the move fills a giant need for the team, with Deng assuming a starting small forward role that has changed hands several times since LeBron James left for Miami in 2010. The Cavs also find a taker for Bynum, who had fallen out of favor in Cleveland, and was being shopped to the Lakers and Jazz, among other teams. So for now, Pau Gasol and Richard Jefferson will remain in L.A. and Utah, respectively, though both veterans are on expiring deals and could be involved in more trade rumors before February 20th’s deadline.
As for the Bulls, several recent reports had indicated that the team was reluctant to move Deng, still believing that he could be re-signed next summer. However, according to Adrian Wojnarowski of Yahoo! Sports (Twitter link), the 28-year-old turned down a three-year, $30MM extension offer from Chicago last week, which was a prelude to this trade. The deal gives the Bulls the opportunity to dip below the tax this season and to add future assets, as well as greatly increasing the odds that the club will land a prime spot in the 2014 draft lottery.
Assuming the Bulls officially waive Bynum on Tuesday, as ESPN Chicago’s Nick Friedell confirms they will (Twitter link), the team will shed $8.275MM in payroll by paying Bynum’s $6MM guarantee rather than Deng’s $14.275MM salary. According to ShamSports’ salary figures for Chicago, that would reduce team payroll to about $71.01MM, giving the club a little breathing room below the $71.748MM luxury tax line.
The long-term ramifications of the deal will be worth keeping an eye on over the next several months. While the Cavs’ dream scenario for the summer of 2014 is believed to revolve around bringing LeBron back to Cleveland, the team will now have a very viable alternative in Deng, with his Bird rights in hand heading into free agency.
For the Bulls, coach Tom Thibodeau may not be entirely on board with the trade, since he was considered Deng’s biggest fan. A December report also indicated that Derrick Rose wasn’t eager to go through a rebuilding process in Chicago, so it’ll be interesting to see how aggressively the team retools during the offseason, perhaps amnestying Carlos Boozer and bringing Nikola Mirotic stateside.
Meanwhile, Chicago now technically holds the rights to three 2014 first-rounders: Their own pick, the Bobcats’ pick, and the Kings’ pick. However, the latter two are heavily protected. Charlotte’s first-round pick is top-10 protected in 2014, top-eight protected in 2015, and unprotected in 2016. Sacramento’s first-rounder is top-10 protected in 2015, 2016, and 2017, after being top-12 protected this season. If the pick doesn’t change hands by 2017, Chicago would receive the Kings’ 2017 second-rounder instead.
If and when the Bulls waive Bynum, he’ll likely go unclaimed on waivers, meaning he’ll be eligible to sign with any team besides the Cavs as soon as this week. The Clippers and Heat are believed to be among his preferred destinations.
Photo courtesy of USA Today Sports Images.