Cavs Eye Chandler Parsons As LeBron Fallback
The Cavs harbor strong interest in Chandler Parsons, and he would be the team’s first target should LeBron James decide to sign elsewhere, tweets Marc Stein of ESPN.com. The Cavs are going after Ray Allen, Mike Miller and James Jones in an effort to woo LeBron, but Parsons appears to be an option for them independent of the four-time MVP, since Cleveland has more than $20MM in cap flexibility after today’s agreement to unload Jarrett Jack.
Parsons, a restricted free agent, is in high demand, as the Mavs are apparently readying an aggressive courtship of the small forward once they know for sure they won’t land LeBron or Carmelo Anthony. The Suns, Celtics, Lakers, Bulls and Wolves have also been linked to him since the start of free agency, but the Rockets can match any team’s offer.
The Cavs have also reportedly eyed Trevor Ariza for their cap space in the event they don’t land LeBron. Channing Frye was also a target, but he already agreed to a deal with the Magic.
Nets, Cavs, Celtics Close To Jarrett Jack Trade
9:38am: The Cavs will probably end up with a future second-round pick when the deal gets done, according to Stein (Twitter link).
WEDNESDAY, 9:35am: An agreement is close on a three-way deal involving Cleveland, Brooklyn and Boston that would send Jack to the Nets, Stein tweets. Karasev would go to Brooklyn as well. The Celtics would receive Thornton, Tyler Zeller and a first-round pick, Stein adds (on Twitter). It’s unclear what the Cavs would get, but it appears as though they would receive the cap flexibility to acquire LeBron. Boston would be using its nearly $10.3MM trade exception to acquire Thornton, according to Jeff Goodman of ESPN.com, who adds that the first-rounder the Celtics are getting is for 2016 (Twitter link).
10:23am: The Hawks are among the teams the Cavs have recruited as a potential landing spot for Thornton, according to Ken Berger of CBSSports.com (Twitter links). The Hawks have nonetheless shown little interest in Thornton, Berger adds (on Twitter).
8:51am: The Cavs, who had reportedly been shopping Jack and draft picks, are now doing the same with Thornton and picks on the assumption they’d be able to get Thornton from the Nets, as Adrian Wojnarowski of Yahoo! Sports details. Cleveland is also making Sergey Karasev available in trades, Wojnarowski adds.
JULY 7TH, 7:59am: The Cavs and Nets have a deal in place contingent upon finding a third team to absorb Thornton, as Adrian Wojnarowski of Yahoo! Sports said Sunday on Fox Sports Radio, and as Sam Amico of Fox Sports Ohio confirms. The Suns, Mavs and Timberwolves are among the teams potentially interested in Thornton, Amico hears. Cleveland has been shopping Jack and dangling a draft pick to go along with him, as Wojnarowski reported this weekend, and one way or another, the Cavs intend to trade Jack before the coming season begins, a source tells Amico. Unloading Jack has become key to Cleveland’s efforts to clear max cap room for LeBron James, as we passed along earlier.
JULY 2ND, 9:56pm: As predicted by ESPN.com’s Marc Stein, the Nets and Cavs are revisiting talks of a Thornton-Jack swap, tweets Ohm Youngmisuk of ESPNNewYork.com.
1:43pm: The Kings are interested in Jack, too, but they’re holding off until they know what happens with restricted free agent Isaiah Thomas, according to Sam Amico of Fox Sports Ohio.
JULY 1ST, 8:14pm: The loss of Shaun Livingston is likely to resurrect the Thornton-for-Jack trade talks, tweets Marc Stein of ESPN.com.
JUNE 23RD, 8:01am: Sam Amico of Fox Sports Ohio is also hearing denials of Thornton-Jack talks, though Jack’s name has come up as the Cavs discuss potential trades with other teams, Amico says.
SATURDAY, 3:47pm: League sources deny that the Nets and Cavs have discussed a Thornton/Jack swap, tweets Michael Scotto of Sheridan Hoops.
2:36pm: The Nets and Cavs are discussing a trade that would center around Marcus Thornton and Jarrett Jack, reports Marc Stein of ESPN. Cleveland is interested in freeing up cap space by shedding Jack’s contract, which is guaranteed through 2015/16, in favor of Thornton’s expiring pact, says Stein, who adds that Brooklyn is among the few teams in the league undeterred from acquiring Jack’s extended deal.
Jack signed a $25MM contract with the Cavs last summer after a successful 2012/13 campaign in which he came off the bench behind Stephen Curry for the Warriors. His 2013/14 season was a disappointing one however, as the point guard shot just 41% from the floor and posted a career-low 11.5 PER.
Thornton was acquired by the Nets at last season’s trade deadline, and he proved to be a valuable asset for Brooklyn, averaging 12.3 points per night in just 23.8 minutes per contest. He’s set to enter free agency after the 2014/15 season.
According to Stein, the Nets fear they’ll lose free agent-to-be Shaun Livingston this offseason after a year in which the often-injured point guard exceeded expectations on a minimum-salary contract, and the club is looking to replace his production by acquiring Jack from the Cavs. Brooklyn, deep in the luxury tax, would only be able to offer Livingston a three-year deal in the neighborhood of $10MM using the taxpayers mid-level exception. The Timberwolves are one team rumored to be interested in Livingston that can make a more lucrative offer.
And-Ones: Crawford, Hayward, 76ers
With a logjam at the guard spots and limited payroll flexibility, the Warriors are willing to help Jordan Crawford find his next team with a sign-and-trade deal, a source tells Marc J. Spears of Yahoo Sports. The source added that the former Xavier guard has drawn interest from the Bulls, Mavericks, Lakers, Knicks, and Nets (Twitter links).
You can find more of tonight’s miscellaneous news and notes below:
- The Hornets were pleased with their meeting with Gordon Hayward today, but the Jazz maintain that they’ll match any offer sheet for the 24-year-old forward, tweets NBA.com’s David Aldridge.
- 76ers GM Sam Hinkie said that he’s involved in plenty of conversations, but not as many as the media has been reporting, writes Keith Pompey of The Philadelphia Inquirer. Hinkie doesn’t think the addition of a high-profile guard will hurt Michael Carter-Williams‘ confidence, adding that the 2013/14 Rookie of the Year is the team’s point guard of the future.
- Dwyane Wade and Chris Bosh will not be in attendance during LeBron James‘ meeting with Pat Riley tomorrow, a source tells Zac Jackson of FOX Sports Ohio.
- ESPN’s Marc Stein says he’s been strongly advised to dismiss rumblings that Nike has purchased billboards in Cleveland in anticipation for LeBron’s eventual free agency decision; however, It doesn’t mean that LeBron has ruled out a return to the Cavaliers either (Twitter links).
- Former Jazz head coach Tyrone Corbin will join the Kings as an assistant coach, a source tells Aaron Falk of the Salt Lake Tribune. A week ago, we relayed that Corbin was set to interview for a spot on Michael Malone’s coaching staff.
- Nik Stauskas is slated to sign his rookie deal with Sacramento today, tweets Jason Jones of the Sacramento Bee.
- Timberwolves president/head coach Flip Saunders admits that he should have sent Chase Budinger to the D-League last season for a rehab assignment last season, noting that the swingman’s return from knee surgery has been a tough transition (Twitter link via Nate Sandell of 1500 ESPN).
- The Knicks added Joshua Longstaff and Rasheed Hazzard to Derek Fisher‘s coaching staff, notes Jonah Ballow of NYKnicks.com. Longstaff was previously a Thunder assistant, while Hazzard formerly worked for the Lakers.
- Former Oakland star Travis Bader signed a deal with ASVEL in France but would be allowed to opt out of his contract if he can make an NBA roster, writes Brian Calloway of the Detroit Free Press.
The Hidden Value Of Brendan Haywood’s Contract
A 34-year-old backup center on the Hornets roster seems an odd selling point for the Cavs to use in their pitch to woo LeBron James back to Cleveland, but Brendan Haywood is reportedly one of the players the Cavs believe can help them win over the four-time MVP. It’s not because of any recruiting message Haywood might deliver to James. Rather, it’s because of a vestige of the amnesty provision that’s scarcely considered outside of NBA front offices.
The Hornets agreed on draft night to a trade that will send Haywood to the Cavs. It won’t be official until after the July moratorium, which runs through Wednesday. On the surface, the deal seems like a pedestrian exchange of the aging Haywood and 45th overall pick Dwight Powell for reserve small forward Alonzo Gee.
Haywood was in the middle of his ninth season with the Wizards in 2010 when they traded him to the Mavericks, who re-signed him that summer to a six-year deal worth more than $52MM. Dallas also traded for Tyson Chandler that same offseason, and when Chandler beat out Haywood for the starting job, Haywood’s deal quickly became an object of regret. The only saving grace about that contract for Dallas was that his salary for the final season, worth more than $10.5MM, was non-guaranteed. That wasn’t enough to save Haywood from the chopping block in 2012, when the Mavs used the amnesty clause to waive Haywood and clear the cap room necessary to sign Chris Kaman to a one-year, $8MM deal, another contract that didn’t pan out for Dallas.
The then-Bobcats, sensing an opportunity to acquire a serviceable player they might not be able to woo in free agency, since they had just compiled the league’s worst winning percentage of all time, submitted a claim for Haywood. Unlike regular waivers, amnesty waivers allow teams to make partial claims in which they essentially place bids on the player. The Bobcats entered either the highest bid or the only bid — whether they had competition remains unknown — and won the rights to Haywood for $6.15MM. That amount was spread over the three remaining seasons on the contract that were fully guaranteed. The Mavs would pay the rest of his guaranteed salary, but it wouldn’t count against their cap.
The final, non-guaranteed season remained untouched. Dallas isn’t on the hook for that money, and Charlotte would only be responsible for it if it kept him past his contract guarantee date, which is August 1st, 2015, according to Mark Deeks of ShamSports. That gave the then-Bobcats, or any team to which they traded Haywood, full control over the deal’s final season, which is 2015/16. It left an unbalanced contract on Charlotte’s books, with salaries in the neighborhood of $2MM for the first three post-amnesty seasons preceding a hefty leap to more than $10.5MM.
Haywood will almost certainly be waived before next August and never receive that $10.5MM. Still, after next year’s July moratorium, that salary would still count toward the league’s salary matching requirements if the Cavs, once they officially acquire him from Charlotte, were to flip him in another trade. Cleveland could bring in a player making as much as $5MM more than Haywood’s non-guaranteed 2015/16 salary, and the team that gives up such a player could waive Haywood and gain a chunk of cap space equal to that approximately $10.5MM salary. Therein lies the value of Haywood.
The rechristened Hornets aren’t in any position to attract James to their team, or any starry 2015 free agent like Kevin Love or Rajon Rondo, the presence of owner Michael Jordan notwithstanding. For them, the trade will net immediate cap flexibility, since Gee’s $3MM salary is non-guaranteed for 2014/15, whereas Haywood’s salary is guaranteed for this coming season.
Haywood would still have been valuable to the Hornets, who could have traded his deal to acquire a high-dollar player next summer. But it’s even more valuable to the Cavs, who can use it to show another high-dollar player — LeBron — that they have the capability to surround him with game-changing talent.
Photo courtesy of USA Today Sports Images.
Central Notes: Smith, Wright, Mirotic, Cavs
The Pistons value Josh Smith and aren’t eager to part ways with him, reports Sam Amick of USA Today (via Twitter). Rumors circulated that Detroit was discussing a possible deal that would have sent Smith packing to Sacramento, but talks fizzled out and the 28-year-old forward was never moved. More on the Pistons and the Central Division..
- Detroit has hired Brian Wright as an assistant GM, reveals a report from The Associated Press. Wright had been working in Orlando’s front office for the past eight seasons, meaning he has previous experience with new Pistons head coach/president Stan Van Gundy.
- Nick Fridell of ESPNChicago.com passes along former college coach Fran Fraschilla’s views on Bulls prospect Nikola Mirotic. Fraschilla thinks that Mirotic would have been a top 4 pick in this summer’s draft and compares his NBA-readiness to that of Bucks selection Jabari Parker.
- Rumors that the Cavs pulled down Dan Gilbert‘s infamously sour farewell letter to LeBron James today are false, says Sam Amico of Fox Sports Ohio (on Twitter), who adds that the letter hasn’t been easily accessible to the public for three years.
Amico On Heat, Cavs, LeBron James
The Heat might be in line to add another free agent before the end of the day, sources tell Sam Amico of Fox Sports Ohio. Miami made headlines this afternoon when they agreed to deals with a pair of veterans in Josh McRoberts and Danny Granger. Here’s more from Amico on the Heat, Cavs, and LeBron James:
- McRoberts’ decision to ink a deal with the Heat is appealing to LeBron, a source tells Amico, since the former Charlotte big man could take over the role of defending opposing teams’ power forwards from James.
- Amico also hears that bigger name free agents like Pau Gasol, Trevor Ariza, and Luol Deng aren’t interested in the reduced salaries that the Heat are offering.
- One Western Conference GM told Amico that plenty of front offices around the league are actually hoping the Heat’s Big Three remains intact. “One thing [Miami has] proven the past four years is they can’t add any real talent around those guys,” the GM said. “Their run will be over in two years, and it may already be. I’d be considerably more scared of LeBron in Cleveland or Phoenix.“
- The same GM suggested that Pat Riley will have a hard time explaining to James the club’s lack of a proven starting point guard.
- One Cavs source told Amico that Cleveland would be making moves soon and that the front office has been busy trying to improve the team, independent of the club’s pursuit of James. Sources also told Amico they expect LeBron to make his decision on where to sign by Wednesday.
- Kyrie Irving has reached out to James in an effort to recruit the All-Star forward to Cleveland, hears Amico. Of course, Irving agreed to a long-term extension with the Cavs earlier this month.
Free Agent Rumors: ‘Melo, Ariza, Stephenson
The Lakers aggressively pitched to Carmelo Anthony the idea that he can be the star of the team once Kobe Bryant‘s contract expires in 2016, as Ian Begley of ESPNNewYork.com hears (Twitter link). ‘Melo was to have taken the weekend to make his free agent choice, but it appears he still hasn’t made up his mind. Here’s more from a wild Monday of free agency:
- The Cavs, Lakers, Heat and Mavs are all pursuing Trevor Ariza, tweets Ken Berger of CBSSports.com. The Wizards are presumably still in the hunt, as well. The swingman is seeking salaries of $9-11MM, Berger adds.
- The Mavs have indeed shown interest in Lance Stephenson, reversing their previous stance against signing him, reports Chris Broussard of ESPNDallas.com, but it’s still very unlikely the shooting guard will end up in Dallas, tweets Tim MacMahon of ESPNDallas.com. The Pacers‘ recent five-year, $45MM offer disappointed the Alberto Ebanks client, who’s begun shopping for other teams, Broussard writes.
- The Celtics are also interested in Stephenson, Broussard adds (via Twitter).
- Marc Stein of ESPN.com (on Twitter) continues to hear that the Thunder are ahead of the Heat in the Anthony Morrow chase. Along with Pau Gasol, Morrow has been a prime OKC target in free agency.
- A Chinese team offered Sebastian Telfair a two-year, $7MM deal as word of an impending deal with the Thunder leaked, agent Joel Bell tells Shams Charania of RealGM. Telfair passed that up to strike a one-year, minimum-salary agreement with the Thunder.
- Paul Pierce‘s representatives are telling teams that he’s looking for a two-year deal worth $9-10MM per season, according to Chris Mannix of SI.com (on Twitter). The Jeff Schwartz client is waiting to see if teams are willing to offer more money once the first-tier free agents come off the board, Mannix adds (Twitter link).
- The Nets, Trail Blazers and Spurs have worked out free agent Ivan Johnson, tweets Chris Vivlamore of the Atlanta Journal-Constitution.
- The Hornets are among the teams set to meet with unrestricted free agent Kent Bazemore, tweets Alex Kennedy of Basketball Insiders.
- Free agent Matt Bonner has remained in contact with the Spurs on a possible reunion and is waiting for the roster to unfold, sources tell RealGM’s Shams Charania (on Twitter). No other clubs are in the mix for him yet.
LeBron’s Agent Keen On Cavs Return
11:12am: There’s still confidence within the Heat organization that James will re-sign with them as there’s difference between Paul’s agenda and that of James, Wojnarowski tweets.
9:14am: It’s at the urging of agent Rich Paul that Cleveland is looking to clear cap flexibility for a max contract for LeBron James, as Paul has given the Cavs the belief they have a strong chance to sign the four-time MVP, reports Adrian Wojnarowski of Yahoo! Sports. Paul has been telling people for years that it’s been “something of a mission” for him to bring James back to Cleveland, Wojnarowski writes.
James hasn’t been a part of Miami’s recruitment of talent this summer, and that’s sparked some worry surrounding the Heat, as Wojnarowski details. For Cleveland, the ability to sign James would also play a role in rookie scale extension talks with Tristan Thompson this summer, since he’s also a client of Paul’s. Thompson would have increased leverage, with the Cavs in position to pay back Paul for delivering James to Cleveland, Wojnarowski surmises.
The Cavs will try to split their max cap room among second-tier free agents, including targets Channing Frye and Trevor Ariza, if they’re unable to sign James, sources tell Wojnarowski. Cleveland is still thinking about tendering an offer sheet to Gordon Hayward, but the organization expects it wouldn’t extend a max offer to Hayward, and the Jazz plan to match any such offer, Wojnarowski hears.
James still has hard feelings about Cavs owner Dan Gilbert’s sharply worded public letter in response to James’ 2010 departure from the team, as Brian Windhorst and Marc Stein of ESPN.com reported earlier. That letter, which had been up on the Cavs official website for the past four years, has apparently been removed, Windhorst tweets.
LeBron James Increasingly Mulling Cavs Return
LeBron James is thinking more and more about the Cavs as he decides where to sign, sources tell Brian Windhorst and Marc Stein of ESPN.com. Cleveland’s brass is confident that James is receptive to the pitch they made to agent Rich Paul last week, as the ESPN scribes detail. Still, the player atop our 2014 Free Agent Power Rankings harbors lingering ill feelings over Cavs owner Dan Gilbert’s reaction to his 2010 departure, despite a degree of reconciliation between the two as time has passed, according to Windhorst and Stein.
The Cavs are centering their case for LeBron on their capability for growth and improvement not just this summer but in years to come, with as many as three first-round picks in 2015 and young, team-controlled talent, like Kyrie Irving and Andrew Wiggins, Windhorst and Stein write. Cleveland is planning to point to Brendan Haywood‘s contract as another of their weapons, as the ESPN duo explains. Haywood, who’s headed to Cleveland via trade, has a salary of more than $2.2MM for 2014/15, but the final season of his contract is a non-guaranteed salary of more than $10.5MM, a vestige of Haywood having been claimed off amnesty waivers in 2012. That bloated non-guaranteed salary makes Haywood’s deal a valuable expiring contract this coming season or, as Windhorst and Stein point out, a weapon for a sign-and-trade next summer.
The Cavs don’t possess the cap flexibility to give James a max contract as their books currently stand. Rather than waiving Anderson Varejao‘s partially guaranteed contract to create the necessary cap space, they prefer to deal Jarrett Jack, as Adrian Wojnarowski of Yahoo! Sports reported Sunday. They have a deal in place to trade Jack to the Nets provided the teams can find a third club willing to absorb Marcus Thornton, according to other reports.
Heat president Pat Riley will reportedly meet this week with James in an effort to keep him in Miami. The Heat have eyed significant free agents along the lines of Marcin Gortat, Kyle Lowry, Luol Deng and even Carmelo Anthony, but they don’t think they need to add a star to convince James, Wade and Bosh to re-sign, according to Sean Deveney of The Sporting News. Instead, they’re merely looking for upgrades in the roles that Mario Chalmers, Udonis Haslem and Shane Battier have played in the past few years, Deveney writes.
Cavs Trying To Clear Cap Space For LeBron
The Cavs are working to clear cap space in order to carve out a max slot for LeBron James, according to Adrian Wojnarowski of Yahoo Sports (via Twitter). Sources tell Wojnarowski that Cleveland is looking for a team to take Nets guard Marcus Thornton in a deal to unload their own Jarrett Jack.
Moving Jack’s $6.3MM/year salary would enable the Cavs to clear room for LeBron while keeping LeBron’s friend Anderson Varejao in the fold (link). Sam Amico of FOX Sports Ohio (on Twitter) has heard from multiple sources that Paul has told the Cavs he’s impressed with what they’ve done and what they can still do with their roster, so a return back home doesn’t sound so far fetched at this point for LeBron.
Meanwhile, James has had minimal contact with Chris Bosh and Dwyane Wade and the longer that goes on, the more unsettled the two are becoming about Miami’s future (link). “They’re reading the tea leafs,” a source tells Wojnarowski. LeBron and agent Rich Paul will meet with Pat Riley in person this week, Sam Amick of USA Today reports, so everyone involved might gain some clarity in a matter of days.