LeBron James Signs With Cavs
8:07pm: The Cavaliers have made the signing official in a team release. “We could not be happier to welcome LeBron James home,” Cleveland GM David Griffin said in the accompanying statement. “Yesterday, LeBron, through his essay, told us he wasn’t going anywhere except Cleveland and that ‘Cleveland is where he always believed he would finish his career.’ These words and commitment put all of us, including LeBron, in the best position to build our franchise the right way and achieve the kind of goals we all know are possible. Expectations will be at the highest levels but no one should expect immediate and automatic success.”
SATURDAY, 5:12pm: James’ contract with the Cavs has been finalized, sources tell Brian Windhorst of ESPN.com. It’s a two-year, $42.1MM deal with a player option for the second season. While the deal doesn’t lock James in for the long term run he vowed to fulfill in his announcement, it is designed with an eye toward expected jumps in league revenue and increased earning potential for the game’s best player. Renewed TV deals and an opportunity for the player’s union to renegotiate the CBA in the coming years could lead to significantly higher max contract values. James, who had never been the highest paid player on his own team before signing this time with Cleveland, will look to cash in if those opportunities materialize.
FRIDAY, 11:20am: LeBron James has made his decision, and he’ll sign with the Cavaliers, as he tells Sports Illustrated’s Lee Jenkins.
“Before anyone ever cared where I would play basketball, I was a kid from Northeast Ohio,” the Akron native writes in the first paragraph of his as-told-to cover story in Sports Illustrated. “It’s where I walked. It’s where I ran. It’s where I cried. It’s where I bled. It holds a special place in my heart. People there have seen me grow up. I sometimes feel like I’m their son. Their passion can be overwhelming. But it drives me. I want to give them hope when I can. I want to inspire them when I can. My relationship with Northeast Ohio is bigger than basketball. I didn’t realize that four years ago. I do now.”
James said his primary reason for leaving the Heat after four years, four NBA Finals appearances, and two championships isn’t because he didn’t have faith that the front office could put the right team together, but that he wants to bring a title to Cleveland. He always believed he’d return to finish his career in Cleveland, but he just didn’t know when he would come back, he writes. The reaction of owner Dan Gilbert and fans in Cleveland to his 2010 departure for Miami weighed on him, but he said he’s talked the matter out with Gilbert “face-to-face, man-to-man.”
Presumably, it’ll be a max contract worth $20.6444MM in the first season for the four-time MVP, who won his first two such trophies with the Cavs, for whom he played from 2003-10. The Cavs aggressively sought the cap flexibility necessary to create max room, completing a three-team trade with the Nets and Celtics on Thursday that gave them the ability to open cap space for James.
Agent Rich Paul took meetings with the Cavs, Mavs, Suns and Lakers last week while the Heat were the only team with whom James met personally. Paul, who was also in that Heat meeting, was reportedly determined to get his client to return to Cleveland. Heat owner Micky Arison took to Twitter to express that he’s “shocked and disappointed” by the news but thanked James for the memories and wrote that he’d never forget what James brought to the Heat the past four seasons. It’s a far cry from Gilbert’s sharply worded response in 2010, which reportedly had been on James’ mind in the hours leading up to this year’s choice.
The move opens the gates to a number of other decisions around the league, with the free agency of Carmelo Anthony and Chris Bosh, the fate of trade candidate Kevin Love, and a slew of other important matters still unresolved. The Cavs have reportedly been set to pursue Love contingent on their acquisition of James, though they appear unwilling to give up No. 1 overall pick Andrew Wiggins to facilitate such a deal.
Central Rumors: Wiggins, Pacers, Mirotic
The Central Division has been reshaping the past few days, with LeBron James and Pau Gasol arriving to the Cavs and Bulls, respectively. Here’s a rundown of the division:
- If Andrew Wiggins is set to be traded in a deal for Kevin Love, David Blatt doesn’t know anything about it, reports Ryan Wolstat of the Toronto Sun (via Twitter). “He’s not going anywhere, as far as I’ve heard,” said the Cavs‘ soon-to-be first-year coach.
- LeBron’s two-year contract with the Cavs is purely a business decision and doesn’t indicate any hesitancy from James to finish his career in Cleveland, a source tells Jeff Zillgitt of USA Today. Zillgitt explains how James could maximize his earnings with a series of short-term deals in the coming years.
- The Cavs renounced their rights to Luol Deng, tweets Mark Deeks of ShamSports. The move clears Deng’s cap hold with Cleveland and forfeits their right to exceed the cap to sign him, but it clears the cap room necessary for Cleveland to sign LeBron. Deng has long been expected to sign elsewhere this summer, and is in serious talks with the Heat.
- The Pacers are interested in obtaining Suns point guard Goran Dragic, potentially in a sign-and-trade agreement involving Lance Stephenson, writes Mitch Lawrence of New York Daily News.
- The Pacers would also be interested in Carlos Boozer, should he get amnestied by the Bulls, writes Lawrence.
- The Bulls were offered a late top-10 2014 draft pick for Nikola Mirotic and declined, tweets Eric Pincus of The Los Angeles Times.
Charlie Adams contributed to this post.
Cavs Rumors: Love, Andersen, Irving, Miller
Cleveland has had nothing to complain about so far this offseason, landing the first overall selection in the draft, securing Kyrie Irving to a long-term deal, and signing the league’s best player in LeBron James. Let’s have a look at the latest from the Cavs’ camp..
- Kevin Love is “intrigued” by the notion of being traded to the Cavs, a source tells Marc Stein of ESPN.com, in a report that confirms the All-Star would still be willing to re-sign in Cleveland now that LeBron will be present.
- The Cavs have been in contact with Chris Andersen‘s agent, but haven’t entered into serious talks yet, reports Sam Amico of FOX Sports Ohio. Amico adds that the Heat are determined to keep the big man from landing in Cleveland.
- Irving holds an early termination option for the fifth year on the max extension he recently inked with the Cavs, and the deal will also include a 15% trade kicker, reports Adrian Wojnarowski of Yahoo! Sports.
- Talks between the Cavs and Mike Miller are not yet imminent, but Cleveland is Miller’s top choice, hears Amico (Twitter links).
Cray Allred contributed to this post.
Hornets Acquire Scotty Hopson
1:23pm: The deal is official, Charlotte announced via press release, which also revealed the Hornets will receive some cash from the Cavs. The exact amount wasn’t disclosed, however.
1:12am: The Hornets will receive Scotty Hopson from the Cavaliers in a restructured version of a draft-night trade agreement between the clubs, reports Jason Lloyd of the Akron Beacon Journal (Twitter link). Brendan Haywood and the rights to No. 45 overall pick Dwight Powell are headed to Cleveland, Lloyd adds, so Hopson is essentially replacing Alonzo Gee, who was in the original version of the agreement. The Cavs sent Gee to New Orleans on Friday in a separate trade. The net effect will likely be the same for the Hornets, since it appeared they were primarily seeking cap flexibility in the deal.
Hopson’s contract, like Gee’s, is non-guaranteed. The 24-year-old appeared in only two games for seven minutes during his brief Cavs tenure, and it’s his only NBA experience, having spent the rest of his pro career overseas. The Cavs signed him using their room exception this past March to a prorated deal for the waning days of 2013/14, with a non-guaranteed 2014/15 salary tacked on. It was something of a clumsy maneuver for the Cavs, since they could have signed a long-tenured veteran to the minimum salary and tacked on a greater non-guaranteed salary for 2014/15, thus giving themselves a more attractive trade asset. Using the room exception also forced the Cavs to give Hopson a significantly higher prorated salary for 2013/14 than they would have doled out if they’d signed him or someone else to the minimum salary.
Cavs GM David Griffin redeems himself with his acquisition of Haywood, whose unusual contract sets him up to become a valuable trade weapon next summer, as I explained. Powell, a power forward from Stanford, joins No. 33 overall pick Joe Harris among second-round picks vying for a roster spot with Cleveland this year.
Rockets Rumors: Parsons, Deng, Ariza, Pierce
After striking out on signing Chris Bosh, the Rockets are in scramble mode, writes Jonathan Feigen of The Houston Chronicle. Houston might have some major rebuilding to do after shipping out Jeremy Lin in a cap-clearing move, and Omer Asik is still set to depart as soon as the Pelicans create room to finalize that separate agreement. Here’s the latest on Houston’s latest turbulence, including more from Feigen’s article:
- The Rockets have been in contact with free agent small forwards Luol Deng and Trevor Ariza, a sign that they are considering alternatives to matching the Mavs offer sheet signed by Chandler Parsons, writes Feigen. Houston was prepared to pay Parsons a max salary as a piece in a premier lineup featuring Bosh, but is less eager to do so now.
- Paul Pierce recently showed interest in joining the Rockets, although Feigen is unsure if that interest was contingent on Houston obtaining Bosh.
- The talks with Deng and Ariza were described as “advanced” by Tim MacMahon of ESPNDallas.com (on Twitter). McMahon considers the development a good sign for Dallas’ hopes of acquiring Parsons, but notes that nothing is yet certain.
- However, Houston appears out of the running for Deng, according to Marc Stein of ESPN.com (Twitter link). Stein says the Rockets are “still in the hunt” for Ariza.
- The Rockets have joined the Heat, Cavs, and Mavs in pursuit of Chris Andersen, tweets Jared Zwerling of Bleacher Report.
- Earlier, we passed along news that the Rockets have reached a snag in contract negotiations with No. 25 pick Clint Capela.
And-Ones: Wizards, Trade Exceptions, Booker
The NBA issued a memo this week establishing that teams that trade coaches or other non-playing personnel are not allowed to make any other trades for one calendar year or until the coach or executive’s contract would have expired, whichever is earlier, notes Mark Deeks of ShamSports. The memo also issues guidelines that make it more difficult for teams to dump salary in trades, as Deeks explains.
More from around the league:
- Trade exceptions for four teams expired at the end of Thursday, the largest of which was one the Warriors held that was worth more than $9.8MM, as we noted earlier. The Clippers watched one worth more than $2.6MM expire, the Nuggets lost one worth nearly $2.4MM, and the Raptors saw one worth more than $1.2MM extinguished.
- The Wizards are waiting on Houston’s move in regards to Chandler Parsons offer sheet which will impact the Rockets‘ pursuit of free agent Trevor Ariza, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link).
- The Wizards continue to push for a deal with Trevor Ariza, but he wants to hear from the Mavs before moving forward with Washington, TNT’s David Aldridge tweets.
- The Knicks have continued to show interest in Wizards free agent power forward Trevor Booker, tweets Marc Berman of the New York Post.
- The Cavaliers are in talks with free agent center Chris Andersen, tweets Sam Amico of Fox Sports Ohio.
Chuck Myron contributed to this post.
Mike Miller Halts Talks With Nuggets
10:11pm: The Grizzlies have informed Miller that the team will be going in another direction and won’t be bringing him back, Miller announced via his twitter account.
4:23pm: James reached out to Miller again today, and Cavs officials have done so, too, reports Jeff Goodman of ESPN.com (Twitter link). Miller continues to consider the Nuggets, Thunder and Grizzlies, Goodman adds.
FRIDAY, 3:37pm: Miller has stopped negotiations with the Nuggets and is “exploring every option” that would allow him to join James in Cleveland, with the Cavs reportedly having been in pursuit.
WEDNESDAY, 8:06pm: Free agent Mike Miller is close to agreeing on a deal with the Nuggets, a source tells Chris Broussard of ESPN.com (Twitter link). The Grizzlies, Cavs, Thunder, Rockets, and Blazers have all shown interest in signing the sharpshooter this offseason. Miller was preparing to decide on his destination early in free agency, but met with Denver in recent days after being underwhelmed by the Grizzlies offer to retain him.
The Cavs were the most recent team to chase Miller in the hopes of enticing LeBron James to sign in Cleveland. James had reportedly reached out to Miller to pitch a reunion between the two if James were to leave the Heat in the coming days. There has been no report of Miller’s eagerness to rejoin James, so this news doesn’t shed any light on LeBron’s looming decision.
Whatever deal Miller signs will net him salary in addition to most of the $6.6MM owed to him by Miami from his amnestied contract that runs through next season. A multi-year deal for the 34-year-old would add financial security for the oft-injured shooting guard, and his projected role could also be a significant factor as he chooses his next team. The Nuggets are widely considered the least title-ready team of the teams pursuing him.
Eastern Notes: Hairston, Bazemore, Heat
First-round draft pick P.J. Hairston told Rick Bonnell of the Charlotte Observer that he had no idea his agent, Juan Morrow, wasn’t union-certified, as Kami Mattioli of The Sporting News reported Thursday. It’s unclear if the Hornets, who acquired Hairston in a draft-night trade with the Heat, engaged in negotiations with Morrow, but they’d be subject to a $50K fine if they did, as Mattioli notes.
More from out of the east:
- The Cavaliers pursuit of free agents Ray Allen and Mike Miller has intensified over the last few hours, reports Sam Amico of Fox Sports Ohio (Twitter link).
- Miller has a serious interest in joining the Cavaliers, reports Jeff Zillgitt of USA Today (Twitter link).
- The Bulls and Hornets are in pursuit of Kirk Hinrich, sources tell Adrian Wojnarowski of Yahoo! Sports (Twitter link).
- The Heat are engaged in discussions with free agents Trevor Ariza and Luol Deng for their job opening at small forward, tweets Wojnarowski.
- Alex Kennedy of Basketball Insiders tweets that the Hawks and the Hornets are showing serious interest in Kent Bazemore.
- There is a strong market for Heat free agent Chris Andersen, but he remains “very loyal” to the Miami organization, and hasn’t made a decision about where he’ll sign, reports David Aldridge of NBA.com (Twitter link).
Chuck Myron contributed to this post.
Latest On Kevin Love
6:16pm: Sources told Broussard that the Cavs made an offer of Dion Waiters, Anthony Bennett and a first-round pick for Love, but that framework is a no-go, Broussard writes.
3:49pm: The Cavs have told Wiggins he won’t be traded, but the Wolves continue to insist on his inclusion if they’re to give up Love, tweets Chris Broussard of ESPN.com, who says that the Cavs would have to bring a third team into the deal to find a workable solution.
2:36pm: The Warriors would be willing to trade David Lee, Harrison Barnes, Draymond Green and a future first-round pick in a deal that would net them Kevin Love, tweets Darren Wolfson of 1500 ESPN Twin Cities. Still, Klay Thompson remains off-limits, and the Warriors remain steadfastly against taking Kevin Martin in any such deal, Wolfson adds in a second tweet.
Golden State faces plenty of competition for the league’s top trade candidate. Love, who can hit free agency next year, is seemingly “100%” on board with the idea of staying in Cleveland long-term, should the Wolves deal him there, now that LeBron James is back with the Cavs, so Cleveland seems like a major player. Most reports have indicated that the Cavs wouldn’t give up No. 1 overall pick Andrew Wiggins to acquire Love, as the Wolves are demanding, but multiple executives from around the league told Ken Berger of CBSSports.com that they believe Wiggins will be in play in those talks, as we noted earlier.
Still, the Warriors maintain that they won’t give up Thompson even if the Cavs make a strong push for Love, a source tells Tim Kawakami of the Bay Area News Group (Twitter link). Thompson is eligible for a rookie-scale extension this summer, and co-owner Joe Lacob has vowed to lock him up, though Lacob didn’t specify whether he envisions doing so via extension or next summer in restricted free agency.
Cavs Trade Alonzo Gee To Pelicans
4:46pm: The deal is official, the Cavs announce. Gee goes to the Pelicans, and Cleveland will get the Clippers’ 2016 second-round pick, which New Orleans acquired in a previous trade, protected through pick No. 55. If it doesn’t fall within the final five selections in 2016, the Pelicans don’t owe the Cavs anything.
4:36pm: The Cavs will still acquire No. 45 overall pick Dwight Powell from Charlotte as part of a reworked Haywood deal, reports Rick Bonnell of the Charlotte Observer (Twitter link).
3:09pm: The Pelicans will waive Gee upon receiving him from the Cavs, according to Ken Berger of CBSSports.com (Twitter link).
2:57pm: The Cavs and Pelicans have struck agreement on a deal that sends Alonzo Gee to New Orleans, reports Brian Windhorst of ESPN.com (Twitter link). Marc Stein of ESPN.com first reported the teams were close to a deal, which nullifies the agreement that Cleveland had to send Gee to the Hornets for Brendan Haywood. Cleveland apparently still plans to acquire Haywood from Charlotte via other means, as Stein reported. A source also told Stein that Gee could wind up as part of the Pelicans’ deal with the Rockets to acquire Omer Asik,
Gee’s $3MM salary for this season is non-guaranteed, so it’s conceivable that the Pelicans envision waiving him to create the necessary cap flexibility to accommodate their deal for Asik, though that assumes New Orleans is giving up salary as part of the trade. The Cavs are reportedly still trying to clear room for a max contract for LeBron James, as Stein wrote earlier, and losing Gee, whose salary can be taken off the books, wouldn’t advance Cleveland toward that end unless other deals are in the works.
The 27-year-old Gee has been a part of the rotation for Cleveland for the better part of the last two seasons, and he started all 82 games in 2012/13. He mostly came off the bench this past season, averaging 4.0 points in 15.7 minutes per game.