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Magic Waive Jared Cunningham

February 22nd, 2016 at 4:30pm CST by Chuck Myron

4:30pm: The move is official, the Magic’s public relations department announced via Twitter.

4:13pm: The Magic have waived Jared Cunningham, according to Josh Robbins of the Orlando Sentinel (Twitter link). The team hasn’t publicly acknowledged the move, but it took place today, according to Robbins. The release was expected, with Magic-employed beat writer John Denton going so far as to write that Orlando would cut the former 24th overall pick who came via Thursday’s trade with the Cavaliers. The reason Cunningham lingered on the Magic roster for as long as he did is because they were waiting on Channing Frye, who went to Cleveland in the swap, to pass his physical. He did so earlier today, according to Chris Haynes of the Northeast Ohio Media Group and the Cleveland Plain Dealer.

Cunningham won his way onto the regular season roster for the Cavs with a strong preseason, averaging 12.4 points in 25.3 minutes per game, enough of a case for Cleveland to risk paying approximately $3.8MM in extra luxury tax penalties on top of their $947,276 obligation on his minimum salary. That risk became even more profound when the Cavs kept him past the date in January when his one-year contract became fully guaranteed. His tight bond with LeBron James surely didn’t hurt his case to stick around in Cleveland, but he averaged only 2.6 points in 8.9 minutes during the regular season, and the Cavs ultimately moved off his salary, and all the tax implications connected with it, on the final day possible, shipping him to the Magic.

The 24-year-old is still in line to make his full $981,348 salary, with the Magic on the hook for $947,276 of it and the league picking up the rest. That assumes he clears waivers, however. Every team except Orlando and Cleveland is eligible to claim him off waivers, as long as they have an open roster spot, and he seems like a decent candidate for a claim, given his first-round pedigree, relative youth and preseason performance.

Central Notes: Turner, Frye, Van Gundy

February 22nd, 2016 at 2:30pm CST by Chuck Myron

The Pacers have climbed to fifth place in the Eastern Conference and just how far they go this season rests heavily on how quickly and profoundly Myles Turner continues to develop, coach Frank Vogel told Candace Buckner of the Indianapolis Star. Pistons coach/executive Stan Van Gundy, who took Stanley Johnson at No. 8, three spots before the Pacers drafted Turner, thinks Indiana’s rookie big man looks like a steal, Buckner notes.

“You would have to say fairly that he’s one of the most, if not the most, surprising players in the draft,” Van Gundy said. “I think everybody pretty much knew he was going to be a good player, but I think a lot of people thought it would take more time than this and he’s playing very well.”

Van Gundy had more to say about his own team, as we pass along amid news from the Central Division, where the Pistons aren’t the only ones liable to veto a trade:

The Cavaliers are being more cautious than usual as they put Channing Frye through a medical evaluation, cognizant of the heart condition that knocked him out for all of the 2012/13 season, multiple sources told Joe Vardon of Cleveland.com, but the Cavs aren’t concerned, a source tells Dave McMenamin of ESPN.com (ESPN Now link). Cleveland has until Tuesday to finish examining Frye before the trade with the Magic is ratified. The swap is separate from the one in which the Cavs dealt away Anderson Varejao.
The Pistons aren’t a top free agency destination, and Van Gundy knows it, which is why he’s willing to pay a premium for talent via trade, as he told TNT’s David Aldridge for the NBA.com Morning Tip. “I think for us, quite honestly, you’ve got to know who you are and where you are,” Van Gundy said. “We knew when we came, or had a pretty good idea when we came, our chances were the draft, which you only get one or two a year, and trades were going to be better for us. Especially in a summer where basically everybody is going to have money. We’re not at the point yet — we haven’t won enough yet, established enough yet, quite honestly — where we’re going to be at the top of the [free agent] list. So we’re going to end up overpaying for lesser players, is where we thought we’d be. And we got a chance to get really good players in trades. It fit exactly what we thought was the best path for us and the best strategy for us.”
Van Gundy deflected credit for the team’s trades to GM Jeff Bower and others in the Pistons front office, suggesting that he essentially just rubber-stamps the deals that Bower and company put together, as Aldridge and MLive’s Aaron McMann detail.

Central Notes: Pistons, Cavs, Bulls

February 21st, 2016 at 1:45pm CST by Will Joseph

The Pistons have asked for a 24-hour extension of the typical 72-hour trade window to further evaluate Donatas Motiejunas’ back condition, Detroit coach/executive Stan Van Gundy told reporters, including Keith Langlois of NBA.com (Twitter link). There is a chance that the trade could be voided, but Rod Beard of the Detroit News tweets the possibility of that is “small.” The Pistons’ request has not been approved yet, as David Mayo of MLive points out (on Twitter). The 72-hour window would end tonight and the extension would push that deadline to Monday night. The Pistons acquired Motiejunas and Marcus Thornton from the Rockets as part of a three-team trade Thursday involving the Sixers, despite acknowledging the risk that came with adding Motiejunas because of his persistent back issues. The Pistons have consulted with a back specialist in addition to several doctors, which has contributed to the delay, Beard tweets.

Here’s more from around the Central Division:

The Bulls are currently the front-runners to re-sign Pau Gasol this summer, but the way Chicago finishes the season will hold weight, and the center revealed the coaching change from Tom Thibodeau to Fred Hoiberg will also factor into his decision, Joe Cowley of the Chicago Sun-Times relays.
The Cavs should have retained Anderson Varejao because of his selfless attitude and willingness to accept a diminished role in a quest toward a championship, Chris Haynes of the Northeast Ohio Media Group and the Cleveland Plain Dealer opines. The Cavs acquired Channing Frye and traded Varejao to the Trail Blazers in a deal that was officially structured as two separate trades. The Blazers then waived Varejao. Haynes wonders if adding Frye significantly improves the Cavs and if his presence was worth moving Varejao, who has played his entire 13-year career in Cleveland.
LeBron James was not consulted by the Cavs front office before Varejao was moved, according to Joe Vardon of the Northeast Ohio Media Group. James has referred to Varejao as one of his favorite teammates, as Vardon notes.

Central Notes: Gasol, Bryant, Frye, Pistons

February 20th, 2016 at 8:42pm CST by Arthur Hill

The final third of the season will influence Pau Gasol‘s decision on whether to stay with the Bulls, writes Joe Cowley of The Chicago Sun-Times. The 35-year-old plans to opt out this summer, passing up $7,769,520 next season to take a shot at free agency. His future will largely be affected by how the injury-plagued Bulls perform in the crowded Eastern Conference race for playoff spots. “How these games play out will give me information of how I want to … or how my decision will be influenced for sure,’’ Gasol said. “How we handle this situation and if we’re able to overcome it, get more together and united and stronger or we give up or are content with it. Because that tells a lot, it tells you a lot about the character of a team and the people you are around.’’

There’s more news from the Central Division:

Kobe Bryant, who will play his final game in Chicago Sunday, came close to joining the Bulls in 2004, according to K.C. Johnson of The Chicago Tribune. In the wake of the Lakers’ loss in the NBA Finals, and with relationships strained with coach Phil Jackson and teammate Shaquille O’Neal, Bryant wanted to use his free agency to get out of Los Angeles. He held a secret meeting with Bulls chairman Jerry Reinsdorf and executive John Paxson and strategized about how to get a sign-and-trade deal done with the Lakers. However, a few days later O’Neal asked for a trade, and Bryant spent 12 more years in L.A.
Channing Frye still hasn’t been cleared to play for Cleveland, but the organization isn’t concerned about his status, writes Tom Withers of The Associated Press. Frye, who was obtained from Orlando in a trade on Thursday, went through more medical exams today and did not accompany the Cavaliers on their trip to Oklahoma City. Coach Tyronn Lue said the franchise has “no concern at all” about Frye, who sat out the 2012/13 season with a heart condition.
The Pistons created a minuscule $211,795 trade exception equivalent to the difference between Joel Anthony‘s $2.5MM salary and the $2,288,205 salary for Donatas Motiejunas as a result of their trade Thursday, reports Eric Pincus of Basketball Insiders (on Twitter). Detroit took Marcus Thornton‘s salary into the minimum-salary exception.

Chuck Myron contributed to this post.

Southeast Notes: Magic, Jennings, Morris, Hinrich

February 20th, 2016 at 7:35pm CST by Arthur Hill

The Magic scored an impressive $8,193,029 trade exception, equivalent to Channing Frye‘s salary, from Thursday’s trade with the Cavs, reports Eric Pincus of Basketball Insiders (Twitter link). Orlando is poised to have enough cap room to sign two players to maximum-salary contracts this summer, so it’s likely that the team renounces that exception in July, but the Frye exception could still come in handy for trades around draft time. The Magic could choose to remain technically over the cap by keeping the cap holds for their own free agents and using sign-and-trades to bring in outside free agent targets. That would allow them to keep the sizable Frye exception until it expires next February, but sign-and-trades are inherently more difficult to pull off than conventional signings.

There’s more from the Southeast Division:

Magic coach Scott Skiles has been monitoring the progress of Brandon Jennings for years, writes John Denton of NBA.com. Orlando added depth to its backcourt this week by picking up Jennings in a trade with the Pistons. Skiles has been keeping an eye on the seventh-year guard, whom he coached for three and a half years in Milwaukee, and said Jennings “was playing the best basketball of his career’’ before the Achilles injury in January of 2015 that kept him out of action for about a year.
New Wizard Markieff Morris already feels at home in Washington, relays Keely Diven of CSNMidAtlantic. The power forward was traded Thursday from the Suns after a rocky season in Phoenix. He said reuniting with Marcin Gortat and Jared Dudley, who were his teammates on the 2011/12 Suns, made the transition easy.
Kirk Hinrich was caught off guard by a trade right before Thursday’s deadline that sent him from the Bulls to the Hawks, according to Chris Vivlamore of The Atlanta Journal-Constitution. This is the second stint in Atlanta for Hinrich, who was also traded there by the Wizards in 2011. “I was shocked but after it settled in I’m excited for the opportunity, whatever it may be,” Hinrich said of his latest trade. “I just didn’t see it coming. I’m in Cleveland doing my game-day routine and I got the phone call. I was a little surprised.”

Chuck Myron contributed to this post.

Eastern Notes: Morris, Frye, Varejao

February 20th, 2016 at 1:10pm CST by Eddie Scarito

Pistons coach/executive Stan Van Gundy said he had no clue that Markieff Morris‘ situation in Phoenix would take the turn that it did when he acquired his twin Marcus Morris this past offseason, writes Ben Standig of CSNMidAtlantic.com. “I didn’t have any idea,” Van Gundy said. “We just knew that we liked Marcus. He was a good player, a professional guy, hard worker. We never had any problems from our end with it. I mean, Marcus was upset when it happened, upset at Phoenix, but it never had any effect on what we were doing in Detroit. He was a real professional.”

Markieff intends to approach his new situation with the Wizards the same way, Standing adds. He already has the support of Marcin Gortat and Jared Dudley, both of whom relayed positive things about Morris, the scribe notes. “You know, it’s just guys that actually know me, and not on the outside looking in,” Morris said. “Guys that I’ve actually played with and been in the locker room with. Things happen. It’s in my past. All I can do is move forward and learn from it. I’m happy to do it. And getting compliments from those guys means a lot. We’re good friends, we keep in touch. They know me as a person.”

Here’s more from the Eastern Conference:

The Cavaliers were able to land Channing Frye on Thursday despite having less in the way of assets to offer Orlando than the Clippers, who were also interested in the stretch-four, Jason Lloyd of The Akron Beacon Journal notes. Los Angeles backed away from Frye because of the two years and approximately $15MM remaining on his deal, a contract that Cleveland instead views as an asset with the cap set to jump this offseason, Lloyd adds.
The Hawks would be wise to consider signing center Anderson Varejao, whom Portland waived after acquiring him from the Cavaliers, Lang Greene of Basketball Insiders opines. Atlanta needs a backup center with Tiago Splitter lost for the remainder of the season, and inking Varejao would carry little risk and wouldn’t impact the franchise’s cap flexibility heading into the offseason, Greene notes.
Despite a somewhat slow start to his NBA career, Hornets coach Steve Clifford believes Frank Kaminsky will become a solid starter in the league thanks to how hard he works off the court, Gary D’Amato of The Milwaukee Journal Sentinel relays. “He has an NBA game right now,” said Clifford. “His biggest issue is he’s physically not strong enough to play every night against the starters. He’s worked hard in the weight room. I think in another year you’ll see him take off because of his work ethic.” The 2015 No. 9 overall pick has appeared in 53 games this season and is averaging 7.6 points and 4.1 rebounds in 21.5 minutes per night.

Multiple Teams Interested In Anderson Varejao

February 19th, 2016 at 7:45pm CST by Chuck Myron

7:45pm: The Spurs and Mavericks are also among the teams interested in Varejao, Stein writes in a full-length story. Dallas is reportedly the frontrunner to sign David Lee once he clears waivers, so it is possible that the Mavs consider Varejao a secondary option, though that is merely my speculation.

6:51pm: The Warriors are among the teams that have expressed interest in signing Varejao once he clears waivers, Marc Stein of ESPN.com tweets.

12:18pm: The Thunder have swiftly jumped into the market for Anderson Varejao, ESPN’s Brian Windhorst said in an appearance with Tony Cartagena on ESPN Cleveland Radio today (audio link; scroll to seven-minute mark). Windhorst also links the Clippers and the Bulls to Varejao, though that appears to be speculative. The Trail Blazers waived Varejao on Thursday after acquiring him via trade from the Cavaliers, who can’t re-sign him for 12 months.

Oklahoma City shed $3.615MM in salary and roughly another $6MM in projected luxury tax penalties thanks to Thursday’s trade to acquire Randy Foye. The Thunder are still well over the tax threshold, but the cost of a prorated minimum-salary contract for Varejao would pale in comparison to what the team would have spent if it hadn’t pulled off the trade with the Nuggets that sent out D.J. Augustin and Steve Novak. Oklahoma City sent an undisclosed amount of cash to Denver in the swap, but it couldn’t have been more than $1.9MM.

The deal also opened a roster spot for the Thunder, so they wouldn’t have to make a corresponding move to add Varejao. The 33-year-old big man must first clear waivers before signing with any team, though that’s likely a formality, given the nearly $10MM in guaranteed salary his contract would entail for next season.

The Thunder have a prorated portion of their $3.376MM taxpayer’s mid-level exception that they could use to outbid other suitors, though doing so would cut into the money the team saved in the trade.

Nuggets Waive J.J. Hickson, Steve Novak

February 19th, 2016 at 5:42pm CST by Eddie Scarito

5:42pm: Both players have officially been waived, the team announced via press release.

4:39pm: The Nuggets have waived Steve Novak and J.J. Hickson, Shams Charania of The Vertical on Yahoo Sports reports (Twitter links). A formal announcement from the team has yet to take place. Novak is earning $3,750,001 for 2015/16 and Hickson is scheduled to make $5,613,500, amounts that the Nuggets will be on the hook for less any salary the players may have given up in buyout arrangements. Both players’ deals expire at the end of this season, so they won’t have any impact on next season’s cap number for Denver. These moves leave the Nuggets with a roster count of 13 players, two under the regular season maximum.

The 32-year-old Novak appeared in only seven games for the Thunder this season before the Thursday trade that shipped him to the Nuggets. His career numbers through 10 NBA seasons are 4.7 points and 1.3 rebounds to accompany a slash line of .438/.432/.876. He’s reportedly a candidate to join the Cavaliers assuming he clears waivers, according to a report by Chris Haynes of The Northeast Ohio Media Group.

Denver was reportedly shopping Hickson leading up to Thursday’s trade deadline but found no takers. Hickson and the Nuggets had subsequently agreed to work out a buyout arrangement prior to the March 1st cutoff date for players to be postseason-eligible for their new teams, as Marc Stein of ESPN.com relayed. Hickson has appeared in just three games since December 8th. He averaged 7.9 points and 4.8 rebounds in 17.2 minutes per game across 17 appearances this season prior to that date.

Cavs Interested In Steve Novak

February 19th, 2016 at 3:00pm CST by Chuck Myron

Three-point specialist Steve Novak would be a candidate to join the Cavaliers if he works a buyout with the Nuggets and becomes a free agent, reports Chris Haynes of the Northeast Ohio Media Group and the Cleveland Plain Dealer, who writes at the bottom of his latest on fellow Cavs target Joe Johnson. The Nuggets have agreed to work on a buyout with Novak, as Marc Stein of ESPN.com reported Thursday, though a follow-up dispatch from Stein made it seem as though a buyout is a certainty. Either way, March 1st is the last day any player can hit waivers and appear in the postseason for another team, so that’s the de facto deadline Novak is dealing with.

The 32-year-old Novak appeared in only seven games for the Thunder this season before the Thursday trade that shipped him to the Nuggets. He last averaged at least 10.0 minutes per game in 2013/14, when he saw precisely that amount of playing time in 54 games for the Raptors. His career 43.2% 3-point shooting has helped keep him in the league, and so has his contract, which gives him $3.75MM this season. A buyout would entail him giving up part of that amount.

Cleveland could sign both Johnson and Novak without having to offload anyone, since the Cavs have two open roster spots. The March 1st deadline doesn’t apply directly to a signing. A waived player can sign as late as the final day of the regular season and appear in the playoffs, just as long as his release from his previous team came no later than March 1st.

Cavs Top Non-Nets Wish List For Joe Johnson

February 19th, 2016 at 2:38pm CST by Chuck Myron

Joe Johnson would sign with the Cavaliers if he works a buyout with the Nets and reaches free agency, sources tell Chris Haynes of the Northeast Ohio Media Group and the Cleveland Plain Dealer. Haynes earlier this month identified Cleveland’s interest in Johnson for the buyout market, but multiple reports since then have indicated that a buyout is unlikely for the 15th-year veteran who’s making almost $24,895MM on an expiring contract this season. The Nets understand the financial terms it would take to work a buyout with the 34-year-old sharpshooter, and for them, it’s a matter of whether the savings would be enough to justify a move that would help the Cavs, sources have explained to Haynes.

Johnson said recently that he’ll place a priority on winning when he picks his next team, but he wouldn’t dismiss the idea of re-signing with the Nets when his contract expires this summer. That suggests he’s in no hurry to do a buyout, and Haynes hears he isn’t giving a buyout a ton of thought. The Heat would also reportedly be interested in Johnson if he were to become available.

Cleveland has two open roster spots, though filling either of them, or both, would add to the team’s league-high projected tax bill. The Cavs nonetheless trimmed an estimated $10MM in combined salary and would-be tax penalties in a pair of trades Thursday.