Wolves Waive Kevin Martin In Buyout Deal
11:28pm: The Wolves have waived Martin, the team announced (Twitter link). Presumably, the official transaction took place before the 11pm Central time deadline, as previous reports indicated it would.
11:11pm: Some pessimism exists about the Mavs’ chances at Martin once he clears waivers, according to Jeff McDonald of the San Antonio Express-News.
10:38pm: The Timberwolves and shooting guard Kevin Martin have come to an agreement on a buyout deal, Marc Stein of ESPN.com reports (via Twitter). The move comes prior to the 11pm Central time deadline, so Martin will be eligible for the playoffs with any postseason-bound team he might sign with before the end of the regular season. It’s not immediately clear just how much salary the shooting guard gave up to secure his release. Martin is scheduled to earn $7.085MM this season with a $7,377,500 player option for next year. The move will give Minnesota a roster count of 13 players, two under the league maximum.
Martin was available for a trade prior to the February trade deadline, as Jon Krawczynski of The Associated Press first reported, but potential suitors were apparently reluctant to take him on without knowing what he’d do about his player option for 2016/17. GM Milt Newton said after the deadline passed without a Martin trade that a buyout discussion would probably take place between Martin and the team in the near future, and that’s apparently come to fruition.
The veteran scorer shouldn’t be out of work for long with a number of teams reportedly showing interest. The Mavericks, Cavaliers, Hawks, Heat, Rockets and Thunder are all potential suitors for the shooting guard, though the Spurs are reportedly the favorites to sign him, as Stein reported last week. The Spurs remain in front, with the Mavs, Rockets and Hawks in pursuit, according to Stein’s latest dispatch (Twitter link). San Antonio currently has the league maximum of 15 players on its roster, so a corresponding move would be required if the team inks Martin.
The 33-year-old has appeared in 39 games for Minnesota this season, including 12 starts. Martin is averaging 10.6 points, 2.1 rebounds and 1.2 assists in 21.4 minutes of action per appearance. His career numbers through 698 games are 17.6 points, 3.2 rebounds and 1.9 assists to go with a shooting line of .438/.385/.870.
Wolves, Kevin Martin On Track For Buyout
TUESDAY, 9:48pm: The two sides are expected to reach an agreement on a buyout prior to the midnight deadline this evening, Stein tweets.
SATURDAY, 2:10pm: The Spurs are emerging as the favorite to sign Martin if a buyout deal is reached, tweets Marc Stein of ESPN.com.
FRIDAY, 3:47pm: The Rockets would also be interested if Martin shakes free from Minnesota, reports Darren Wolfson of 1500 ESPN Twin Cities (Twitter link).
9:56pm: The Mavericks are interested in Martin if a buyout is arranged, but the shooting guard is more likely to sign with a contender, Tim MacMahon of ESPN.com relays (ESPN NOW link). The ESPN scribe’s source also relayed that the Cavs, Hawks, Heat and Thunder are all potential suitors for the shooting guard depending on where Joe Johnson lands.
THURSDAY, 9:22pm: The Timberwolves and Kevin Martin are engaged in advanced discussions regarding a potential buyout arrangement, Marc Stein of ESPN.com reports (Twitter link). Minnesota reached a buyout arrangement with veteran point guard Andre Miller earlier today and it would appear that Martin is the next veteran the team will set free so that he may catch on with a playoff-bound club.
Jerry Zgoda of The Star Tribune relayed earlier today that Timberwolves owner Glen Taylor would be open to discussing a buyout with the veteran shooting guard, but Martin’s side would have to initiate such talks. Martin is earning $7.085MM this season with a $7,377,500 player option for next year. To be playoff eligible for another team Martin would need to hit waivers no later than Tuesday.
It was widely reported that Martin was available for a trade before last week’s deadline, but potential suitors were apparently reluctant to take him on without knowing what he’d do about his player option for 2016/17. GM Milt Newton said after the deadline passed without a Martin trade that a buyout discussion would probably take place between Martin and the team in the near future, which has apparently come to pass. Several teams were linked to Martin before the deadline, as Hoops Rumors’ Chuck Myron noted in his trade candidate piece, including the Bucks, who reportedly made a run at him as the deadline neared.
The 33-year-old has appeared in 39 games for Minnesota this season, including 12 starts. Martin is averaging 10.6 points, 2.1 rebounds and 1.2 assists in 21.4 minutes of action per appearance. His career numbers through 698 games are 17.6 points, 3.2 rebounds and 1.9 assists to go along with a shooting line of .438/.385/.870.
Eastern Notes: Marks, Johnson, Novak
New Nets GM Sean Marks reiterated the need for patience as he attempts to rebuild the franchise, noting the hasty approach is what led the team to its current state, NetsDaily relays. “It may be a little bit different from what we’ve done in the past here in Brooklyn,” Marks said in a video on the team’s website. “I have some empathy for the way they went about it in the past and said, look, ‘He’s committed to winning. He’s gone about it with a willingness to spend money and so forth.’ I’m not saying it’s the wrong way, but it didn’t work! So maybe this time, we’ll go about it in a little bit of a different way. We won’t skip any steps along the way.”
“Mr. [Mikhail] Prokhorov is committed to doing that and that’s what sold me in the interview. When he said, ‘Look, I want to win. I want to put this behind me. You make some of these decisions and you tell me what’s best.’ We talked about the process,” Marks continued. “We talked about this not being, look, in two weeks we’re not going to have a totally revamped organization. It’s going to take time. Its about bringing in the right people at the right time.”
Here’s more from the Eastern Conference:
- Joe Johnson is now a member of the Heat and back in the playoff hunt after signing with Miami, but despite the difficulties that the Nets endured the past few seasons, he still had good things to say about the organization as a whole, Mike Mazzeo of ESPN.com writes. “Obviously we had some ups and downs, but I think the good outweighed the bad for me,” Johnson said of his time with the Nets. “I think the changing of the GM and coach, it’s pretty tough but not really. I’ve been through quite a few coaches in my career in Brooklyn, so it was kind of second nature for me. But just losing, us playing hard and losing was probably the toughest part for me.”
- Steve Novak‘s deal with the Bucks is a minimum salary affair that runs just through the rest of the season, so Milwaukee retains a prorated portion of its room exception, notes Eric Pincus of Basketball Insiders (Twitter link).
- The Hawks have assigned Lamar Patterson to the NBA D-League, the team announced via press release. Patterson will report to the Canton Charge, the Cavs‘ affiliate, pursuant to the league’s flexible assignment rule.
Chuck Myron contributed to this post.
And-Ones: Len, Brown, Cavs, Roberts
Suns interim head coach Earl Watson has no qualms about pairing up centers Alex Len and Tyson Chandler in the starting lineup, according to Paul Coro of the Arizona Republic. Watson wants to utilize Len as the team’s primary offensive target the rest of the season and foster his development, Coro continues. “Who’s playing two 7-footers any more?” Watson explained to Coro. “We have this trend of playing small ball and we know the greatest small ball team is the Warriors. We’re not going to catch them. Let’s create a new trend. Let’s let Alex Len get experience.”
In other developments around the Western Conference:
- Swingman Jabari Brown, who played with the Lakers last season, is joining the team’s D-League D-Fenders after returning from China in recent days, Marc J. Spears of Yahoo Sports tweets. Brown, who appeared in 19 games with the Lakers as a rookie, was the last player cut in training camp when the club decided to keep veteran Metta World Peace.
- A coaching change that’s produced only an 11-6 record so far and the inability to land Joe Johnson are among the problems that ail the Cavaliers, as TNT’s David Aldridge examines in his Morning Tip for NBA.com. Internal carping from players about their respective roles, shots and ability to mesh on the court with LeBron James has also been a factor, Aldridge hears.
- Point guard Brian Roberts, whom the Trail Blazers recently acquired from the Heat, believes he’ll land an NBA job next summer when he enters the free agent market, Joel Brigham of Basketball Insiders reports. Roberts passed through the Heat organization via the Hornets after he was included in the three-team deal that sent Courtney Lee from the Grizzlies to Charlotte. “I feel like I’m a guy that whatever opportunities I get I’m going to make the most of it,” he told Brigham. “I’m reliable, and that’s what it comes down to in this league. If you can be dependable every night, you’ll have a job.”
- Pelicans power forward Ryan Anderson will be a prime target for the Mavericks in free agency, Eddie Sefko of the Dallas Morning News opines. Anderson’s ability to stretch the floor would make him a very good fit but he’ll be in heavy demand, Sefko notes.
- The Grizzlies recalled rookie power forward Jarell Martin from the Iowa Energy, the D-League club tweets. Martin, a first-round pick, averaged 18.3 points over three games in his latest assignment there. He made his fourth appearance with Memphis on Monday night.
- The Bucks recalled small forward Damien Inglis from the D-League’s Westchester Knicks, Milwaukee announced through its website. Inglis played 13 games for the Knicks’ D-League affiliate, averaging 9.9 points, 4.9 rebounds and 1.7 assists in 21.4 minutes.
Southeast Notes: Beal, Morris, Johnson, Hardaway
The Wizards have been bringing Bradley Beal off the bench so he can be available for fourth quarters without exceeding his minutes restriction, writes J. Michael of CSN Mid-Atlantic. The shooting guard, who will be a restricted free agent this summer, has only topped 30 minutes in a game once since the All-Star break. Beal’s minutes are based on a sliding scale that takes into account how much he played in prior games. The restriction was imposed after doctors discovered “the beginnings of a stress reaction in his lower right fibula” in December. “It’s an adjustment still,” Beal said. “It’s kind of difficult knowing sometimes you have to be more aggressive especially when my minutes aren’t as high. … I don’t know what it is. Each night it’s different.”
There’s more from the Southeast Division:
- Markieff Morris has adjusted quickly to the Wizards after Phoenix sent him to Washington in a deadline-day trade, writes Keely Diven of CSN Mid-Atlantic. Morris has become an important contributor on both offense and defense, and today registered a plus-22 in a win over the Cavaliers. “I just bring intensity,” he said. “I’m the type of guy, you put me out there and I’ll do anything for the team, whether it’s rebound, play defense, score. I’m just trying to lead by example. And on that second unit, be the guy that you can put on the forward and to stop him, and I think I’m that guy.”
- Joe Johnson decided to sign with the Heat because he was familiar with several of the players, according to Ohm Youngmisuk of ESPN.com (ESPN Now link). Johnson cited a connection with Dwyane Wade, Amar’e Stoudemire and others as his reason for picking Miami over Cleveland.
- After a disastrous first half of the season, Tim Hardaway Jr. is starting to show the Hawks what he can do, writes Ray Glier for USA Today. A broken wrist during summer league continued to bother Hardaway as the season started. He was inactive for the opener and barely played during the first half of the season, which included two D-League trips. It wasn’t what Atlanta expected when it traded its first-round pick to New York to acquire him last summer. “We’re happy with the way Tim has responded,” coach Mike Budenholzer said. “He had an injury that was a little bit understated. … I think he has the athleticism where he can be a good two-way guy. He’s on his way.”
2015/16 Salary Cap Update: Cleveland Cavaliers
The NBA’s salary cap for 2015/16 is set at $70MM, which is good for an 11% increase from last season, and the luxury tax line is fixed at $84.74MM. With the February 18th cutoff date for trades now past and the de facto deadline of March 1st for buyouts rapidly approaching, we at Hoops Rumors are in the process of updating the salary cap commitments for each NBA franchise for the 2015/16 campaign. Here’s the cap breakdown for the Cleveland Cavaliers, whose regular season roster can be viewed here:
- 2015/16 Salary Cap= $70,000,000
- 2015/16 Luxury Tax Line= $84,740,000
- Fully Guaranteed Salary Commitments= $106,877,492
- Remaining Cap Room= –$36,877,492
- Amount Above Luxury Tax Line= $23,241,314*
*Note: James Jones‘ and Richard Jefferson‘s salaries for tax purposes are $1,499,187.
Cap Exceptions Available:
- Trade Exception= $2,854,940 (Mike Miller. Expires July 30th, 2016)
- Trade Exception= $845,059 (Joe Harris. Expires January 12th, 2017)
- Trade Exception= $9,638,554 (Anderson Varejao. Expires February 18th, 2017)
- Trade Exception= $947,276 (Jared Cunningham. Expires February 18th, 2017)
- Trade Exception= $2,329,471 (Brendan Haywood. Expires July 30th, 2016)
Cash Available to Send Out In Trades= $2,465,386
Cash Available to Receive Via Trade= $3,325,000
Note: Despite the trade deadline having passed, the NBA season technically doesn’t end until June 30th. Teams are able to again make trades upon the completion of the regular season or when/if they are eliminated from the playoffs, whichever comes later. So these cash limits still apply.
The Basketball Insiders salary pages were used in the creation of this post.
Cavs To Ink Jordan McRae To 10-Day Pact
SUNDAY, 9:08am: The signing is official, the team announced this morning.
SATURDAY, 2:40pm: A league source has confirmed the expected signing to Jason Lloyd of The Akron Beacon-Journal, saying the Cavaliers need more players in practice because of injuries.
FRIDAY, 6:25pm: The Cavaliers intend to sign shooting guard Jordan McRae to a 10-day contract, Chris Reichert of Upside & Motor reports (Twitter link). Cleveland currently has two available roster slots, so no additional moves will be required to bring McRae into the fold.
It would appear Cleveland will gain some depth in its backcourt, though McRae is certainly a step down in stature from Joe Johnson, whom the Cavs were reportedly targeting for once he clears waivers. Johnson, who reached a buyout arrangement with the Nets, will reportedly sign with the Heat instead.
McRae, 24, has already tasted some NBA action this season while he was with the Suns via two 10-day deals. Phoenix declined to sign him for the remainder of the season when his second 10-day deal expired and he subsequently returned to the Sixers’ D-League affiliate.
The shooting guard appeared in seven contests for the Suns and averaged 5.3 points, 1.1 rebounds and 1.4 assists in 11.8 minutes per night. McRae’s D-League numbers are far more eye-popping, as he’s notched 23.3 points, 4.6 rebounds and 5.2 assists in 29 contests on the season.
Central Notes: Van Gundy, Monroe, Johnson
The Pistons are still thin in the frontcourt after the trade for Donatas Motiejunas was voided over medical concerns, but there currently aren’t any players available who fit what the team is seeking, Rod Beard of The Detroit News writes. “So far, nothing on any of the guys who have been bought out or waived,” coach/executive Stan Van Gundy said. “There hasn’t been anybody that we’ve seriously talked to.” While there are a number of guards who are available, the backcourt isn’t currently an area of need for the team, Beard notes. “Where our real need is right now obviously is up front. It’s hard to say [whether we’re interested in guards] because you’d have to weigh quality,” Van Gundy continued. “It depends. If you had a great wing option, that would outweigh certainly a mediocre big. Our need is more up front.”
Van Gundy also acknowledged that the team will be limited financially in its free agent pursuits and could be outbid for any potential targets, Beard adds. “Some teams have money; there are teams that are under the cap and have money to offer. It all depends on what certain guys are looking for,” Van Gundy noted. “If they’re looking for an additional payday, there’s places they can go to get it. If they’re looking to get to the best team, they can. They all have different goals in what they’re trying to do.”
Here’s more from the Central Division:
- Greg Monroe says he still feels that he has the support of the Bucks‘ coaching staff despite being shifted to a reserve role and being mentioned in trade deadline rumors, Chris Mannix of The Vertical on Yahoo Sports writes. The big man also believes that the team can turn around its fortunes prior to the end of the season, Mannix adds. “Everyone has kind of given up on us, everyone except for us in this locker room,” Monroe said. “We can be a good team. We have balance. We have players on the floor who can make plays. With me and Michael Carter-Williams coming off the bench, we can score. We just need to keep the focus, keep fighting. We just need to keep trying to find ways to win.”
- LeBron James confirmed the Cavs’ interest in Joe Johnson, who is expected to sign with the Heat when he clears waivers today, but added that he did not reach out to the veteran swingman to make a recruiting pitch, Jason Lloyd of The Akron Beacon notes. “He knows that we want him,” James said. “If he decides to come here, it’d be great. If not, then we’ll continue to move on with what we have. He’s a great piece for any team. If we’re lucky enough to get him, he would mean something to us. If not, we have enough here to compete.”
Heat Favorites For Joe Johnson, Cavs Long Shots
1:40pm: The Heat expect they’ll sign Johnson this weekend, sources tell Zach Lowe of ESPN.com (Twitter link). He clears waivers Saturday. So, it appears Miami is poised to cross back into tax territory.
1:25pm: Miami is “far and away the most likely” destination for Johnson, but he’s yet to make up his mind, a league source said to Zagoria (Twitter link).
12:02pm: The Cavaliers have become long shots for Johnson, USA Today’s Jeff Zillgitt hears (Twitter link).
FRIDAY, 11:56am: Miami has pulled into the lead for Johnson, reports Adam Zagoria of SNY.tv (Twitter link), as the longtime starter believes he’d see a more significant role with the Heat than with others, ESPN’s Chris Broussard says (Twitter link). Heat president Pat Riley expressed at least some level of openness Thursday to re-entering tax territory, though he spoke specifically about the team’s lack of point guards.
THURSDAY, 4:20pm: The Cavaliers are confident that they’re the favorites to land Joe Johnson now that he’s worked a buyout with the Nets, but the Hawks, in whom Johnson also reportedly holds interest, plan a concerted effort to lure him back to Atlanta, reports Marc Stein of ESPN.com (All Twitter links). The Heat are also among the teams he’s strongly considering, with the Celtics and Thunder close behind the trio of Cleveland, Atlanta and Miami, sources tell Michael Scotto of SheridanHoops (Twitter link). Johnson appears likely to wait a couple of days before making a decision, Stein adds. He’ll be on waivers until Saturday at 4:00pm Central time, at which point he’ll most assuredly become a free agent, since no team has the cap room or an exception large enough to claim his salary of almost $24.895MM. Johnson will give back approximately $3MM of that figure as part of the buyout deal once he clears waivers, Nets GM Sean Marks said today in an appearance on The Michael Kay Show on ESPN New York radio, notes Mike Mazzeo of ESPNNewYork.com (Twitter link).
Johnson was reportedly planning to sign with the Cavs, but the Hawks have a financial edge, since Atlanta can offer a prorated portion of the room exception now worth about $2MM. Cleveland is limited to the prorated minimum salary, which would give Johnson approximately $400K. The cost of signing Johnson would nonetheless be greater to the Cavs than it would be to the Hawks because of Cleveland’s position as a luxury tax team. The 15th-year veteran would represent an investment of between $1.2MM and $1.3MM in combined salary and taxes for the Cavs.
Miami is in a tough position, since the Heat would slip over the tax line if they signed Johnson to any more than the minimum salary at any time before March 6th. The Heat would pay repeat-offender tax penalties of at least $2.50 for every dollar they’re over the tax line on the final day of the regular season. The Celtics, Rockets, Thunder and Raptors are all among those pursuing Johnson, according to Stein, and the Thunder have the most to give Johnson with about $2.4MM remaining on their prorated taxpayer’s mid-level exception.
The Nets clearly aren’t in the picture for Johnson at this point, but he wouldn’t dismiss the idea of re-signing with them in the summer, as he said before the buyout, and Marks didn’t rule out the possibility as he spoke on the radio today, Mazzeo tweets. “You never know what’s going to happen,” Marks said. Still, Johnson has also said he places a premium on winning, a remark that’s an auspicious sign for the Cavs in their competition with the Hawks and Heat and casts doubt on the idea of a summer reunion with Brooklyn.
Central Notes: Kidd, Motiejunas, Hoiberg
Bucks coach Jason Kidd appears to be losing his influence with team ownership after a number of personnel decisions have gone awry or have met with disapproval, Adrian Wojnarowski of The Vertical on Yahoo Sports relays (video link). Kidd, who holds sway over the team’s basketball operations, was the engineer of the trade that shipped out Brandon Knight in exchange for point guard Michael Carter-Williams, which, according to Wojnarowski, has upset team management in the wake of his disappointing play.
The scribe also relays that ownership nixed a potential deadline trade with the Pelicans this year that Kidd was spearheading, though the players involved were not named in the report. The team is also showing increased reluctance to allow Kidd a say in personnel matters, which may become an issue for the coach, considering Kidd reportedly wants to move into a front office position that would allow him even more power, Wojnarowski adds.
Here’s more from the Central Division:
- The Pistons may have dodged a bullet when the three-team trade that would have landed Donatas Motiejunas was nixed over medical concerns regarding the power forward, David Mayo of MLive writes. The Pistons now retain their 2016 first round pick and will still have the opportunity to pursue Motiejunas this summer when he becomes a free agent, though doing so may raise some eyebrows around the league after the team pulled out of the trade, Mayo adds.
- Bulls coach Fred Hoiberg lacks the fiery outward demeanor of his predecessor Tom Thibodeau, but he scoffs at the notion he isn’t tough on his players, K.C. Johnson of The Chicago Tribune writes. “We’ve had some pretty heated conversations over the course of the year,” Hoiberg said. “If we need a little kick in the butt, you get on them and hopefully they respond. Sometimes they do, sometimes they don’t.” Chicago has been criticized this season for lacking toughness and Hoiberg wonders if that can be altered this late in the season, Johnson adds. “I just look at the different ebbs and flows,” Hoiberg said. “If you look before January 1st, we were winning a lot of these battles. We were fourth in the league in defense and doing a lot of really good things on that end of the floor. It was winning games for us when our offense wasn’t very good. We’ve slipped. Some of it has to do with some of the bodies we don’t have. But guys have to give effort. In this league, if you don’t make first contact, you’re going to get hit.”
- Longtime Cavaliers center Anderson Varejao wasn’t taking a shot at his former club when he announced upon arriving in Golden State that he was glad to come to a locker room where the players love each other. He was merely expressing his excitement at joining the Warriors, Terry Pluto of The Plain Dealer writes. Varejao signed with the Warriors after being waived by the Blazers, who acquired him from the Cavs in a deadline deal. When initially informed of Varejao’s comments, LeBron James responded, “I would hope if you’re 50-5 that everyone loves each other. … What else do you want at that point? … Duh,” Pluto notes.