Suns Claim John Jenkins Off Waivers
7:03pm: The Suns have officially announced the waiver claim of Jenkins.
4:14pm: The Suns have claimed John Jenkins off waivers from the Mavericks, according to Shams Charania of The Vertical on Yahoo Sports (Twitter link). The team has yet to make a formal announcement, but the move had to have taken place before 4:00pm Central, when Jenkins was set to become a free agent had no team put in a claim. He’s on a three-year minimum-salary contract, and the minimum salary exception only accommodates two-year deals, so Phoenix is using part of the $1.56MM trade exception it created in the Markieff Morris deal last week. It’s a boon for Dallas, which gets to subtract the more than $981K cap hit for Jenkins from this season’s books. The Suns are responsible for that plus his remaining paychecks this year.
Jenkins, who turns 25 next month, goes into Phoenix’s open roster spot, so no corresponding move is necessary. He’ll provide depth on the wing, where the Suns have been thin in the wake of T.J. Warren‘s season-ending broken foot. The Mavericks didn’t give Jenkins much playing time in the regular season, as he’s averaged a career low 9.2 minutes per game, even though he was one of the surprises of the preseason, when he put up 19.7 points in 28.4 minutes a night across seven appearances. Dallas waived Jenkins to make room for David Lee, who came free via buyout from the Celtics.
The Suns have the ability to control Jenkins through 2017/18, since his contract contains non-guaranteed minimum salaries for the next two seasons. He holds promise, having been the 23rd overall pick in 2012, and he’s a passable floor-stretching threat, having hit 35.7% of his 227 3-point attempts over the course of 119 NBA regular season games. Phoenix nonetheless burns the majority of the Morris exception, which declines in value to $578,652, largely unusable except for rookie minimum deals.
Financial Impact Of Deadline, Buyouts: Southwest
The effects of the trade deadline are still being felt around the NBA as teams work buyout deals, negotiate with new free agents and fill open roster spots. Hoops Rumors will be taking a team-by-team look at the financial ramifications not just of the deadline itself but of the post-deadline moves. We’ll start this series of posts today with the Southwest Division:
Grizzlies
- Memphis gave up Courtney Lee, Jeff Green and $542,714 cash in two separate trades to bring back Lance Stephenson, P.J. Hairston, Chris Andersen and five future draft picks. None of the players they relinquished nor any they acquired have guaranteed salary for next season, so the deals don’t affect the ledger for 2016/17 at all, beyond the opportunity to pick up a $9.405MM team option on Stephenson. The net effect on this season’s payroll was the addition of a miniscule $76,440, which still leaves the Grizzlies about $2MM shy of the tax line, enough breathing room to make minimum-salary signings if they want. Memphis also gained a $450K trade exception from the difference between Green’s $9.45MM salary and Stephenson’s $9MM pay. The cash they sent to the Hornets in the Lee trade compromises their flexibility to a slight degree come draft time, when many teams swap cash for second-rounders. They’ll have $2,857,286 instead of $3.4MM to send out in those sorts of trades, though the picks they acquired last week give the team plenty of draft assets.
Mavericks
- The Mavs didn’t make a trade, but they dabbled in the buyout market, signing David Lee the day after he came off waivers from the Celtics. Dallas reportedly used the prorated room exception on Lee, so assuming he gets the full amount left on the exception, Lee is making $2,085,671. The exception, originally worth $2.814MM, prorates by 1/170th each day starting January 10th. Dallas waived John Jenkins to make room for Lee on the roster, but the Suns claimed him and his guaranteed minimum salary of $981,349 off waivers. Jenkins has non-guaranteed salaries on his contract for next season and 2017/18, so even if Jenkins had cleared waivers, it wouldn’t have affected the Mavs’ long-term accounting. Instead, they merely hike this season’s payroll by the amount of Lee’s salary, minus Jenkins’ $981,349 pay, but since they were only at about $72MM anyway, well shy of the $84.74MM tax threshold, the team is in no financial danger.
Pelicans
- New Orleans essentially converted a trade exception into cash that they used to fund a partial guarantee for next season in their new contract with Bryce Dejean-Jones. As Eric Pincus of Basketball Insiders pointed out, the Pelicans used the $947,276 trade exception they created when they traded Ish Smith to the Sixers in December to accommodate Jarnell Stokes, whom the Heat dealt Thursday to New Orleans. The Pelicans also received $721,300 cash from Miami in the Stokes trade, Pincus notes, and the only asset New Orleans relinquished was a top-55 protected second-round pick that will likely never change hands, making it the virtual equivalent of a phony asset. New Orleans waived Stokes shortly after the trade to reopen the roster spot that Dejean-Jones had been in while he was on his pair of 10-day contracts. Dejean-Jones apparently had talks with at least five other NBA teams before the Pelicans lured him back with the partial guarantee he was reportedly seeking. It’s unclear just how much that guarantee is worth, but it goes on next season’s ledger, while Jones’ salary for the rest of this season and Stokes’ full-season pay of $845,059 is on the cap for New Orleans this year, even though the Pelicans will actually pay only a prorated percentage of what Stokes is making. The Pelicans are still about $4MM shy of the tax line, which leaves plenty of room.
Rockets
- The Rockets would have escaped the luxury tax, added about $3.2MM of room beneath their hard cap and created a pair of trade exceptions if their three-team trade with the Pistons and Grizzlies had gone through. The voiding of the deal leaves Houston with none of that. The team’s net cost of the trade falling through is about $8MM in payroll and projected tax obligations combined.
Spurs
- San Antonio stood pat, not surprising given their record, which is now 47-9.
The Basketball Insiders salary pages were used in the creation of this post.
Southwest Notes: Dwight, Stephenson, Lee
Many executives believe Dwight Howard‘s slumping productivity and recent history of injuries will keep him from receiving the max in free agency this summer, but the Rockets still see him as preferable to Al Horford or Ryan Anderson, according to USA Today’s Sam Amick. Howard’s agent Dan Fegan sent word to the Bucks, Hornets and Hawks, among others, that Howard isn’t anxious to take any discounts this summer, and he didn’t indicate a willingness to opt in and push back his free agency until 2017, Amick notes, which reportedly turned off the Bucks, at least, if not other suitors. Adding to the confusion before the deadline was that Howard was giving serious thought to changing agents, Amick writes. The USA Today scribe indicates that Howard’s uncertainty regarding Fegan is in the past, though that’s not entirely clear. See more from the Southwest Division:
- The Grizzlies didn’t specifically target Lance Stephenson, Chris Andersen and P.J. Hairston, whom they garnered via trade before the deadline, and instead took them in merely because their contracts were a fit for the sort of draft asset collection the deals afforded Memphis, writes Chris Herrington of The Commercial Appeal. The protected 2019 first-rounder the Grizzlies received in the Stephenson trade is more likely than not to end up in another trade at some point, Herrington opines.
- There’s talk that the Grizzlies will pick up Stephenson’s $9.405MM team option for next season, according to Herrington (Twitter links), but it’s unclear if that talk is coming from the team, and the Commercial Appeal scribe dismisses it as “irrational exuberance.”
- David Lee said the Mavericks have told him rebounding will be his primary task, notes Earl K. Sneed of Mavs.com (on Twitter). Conversely, the cohesiveness of the Mavs helped sell the new signee on Dallas, as Sneed also notes (Twitter link). “You can see the chemistry from playing against [the Mavericks], and that’s something I want to be a part of,” Lee said.
Pacific Notes: Varejao, Teletovic, Booker, Karl
Leandro Barbosa helped recruit fellow Brazilian Anderson Varejao to the Warriors, Varejao said, adding that his familiarity with former teammates Shaun Livingston, Marreese Speights and Luke Walton and respect for Golden State’s stars also helped persuade him to sign with the team, observes Monte Poole of CSNBayArea.com. Varejao’s agency confirmed the Hawks, Spurs, Thunder and Mavericks were his other suitors, while Marc Stein of ESPN.com also heard the Clippers made an offer.
“I’m glad I came here [to Oakland], because I can tell they love each other,” Varejao said, according to Poole. “That’s what it’s about. When you want to win, you have to be like they are. Friends that have fun out there, have fun in the locker room. I’ve been here for a couple hours, but I can tell. I can tell this group, they love each other.”
See more from the Pacific Division:
- Mirza Teletovic is on a one-year contract and was reportedly the subject of trade talk between the Suns and Bucks, but he said he’d like to stay in Phoenix as long as possible, notes Paul Coro of the Arizona Republic.
- Rookie Devin Booker is the top scorer remaining on the Suns in the wake of injuries to others and the Markieff Morris trade, but while Booker manages the difficulty of having become the focal point for opposing defenses, the Suns want him to work on his defensive development, Coro writes in a separate piece. “His major, major growth opportunities are on defense,” Suns interim coach Earl Watson said. “We don’t care about offense and averaging 20 points a game. We care about defensively being accountable, getting stops, being in the right position, helping your team.”
- The Kings have been unfair to George Karl, argues Christopher Dempsey of The Denver Post, who believes that the coach has much too long a track record of success to put up with the turmoil in Sacramento. Still, Dempsey can’t envision Karl quitting and walking away from the money the team owes him.
Mavs Notes: Lee, Jenkins, Matthews
David Lee expects to gain a rotation spot with the Mavericks but didn’t ask for any promises before joining the club on Monday, Tim MacMahon of ESPN.com reports. Lee officially signed with Dallas on Monday after being released by the Celtics last week as part of a buyout agreement. While the veteran big man only requested an “opportunity,” he clearly doesn’t want to get buried on the bench, as he did in Boston. “I look forward to being able to help us on the glass and offensively and defensively fitting in with a team that’s already done pretty well this season,” Lee told MacMahon. “Really, I don’t believe much in them promising me a number on minutes. This is something that I’m coming in here and expect to earn playing time by playing well and helping the team get wins.” Lee was informed by coach Rick Carlisle that he will receive the bulk of his minutes backing up center Zaza Pachulia.
In other news concerning the Mavs:
- Carlisle wants the team to re-sign shooting guard John Jenkins sometime in the future, Earl K. Sneed of Mavs.com tweets. Jenkins, who signed a three-year deal prior to this season with only a first-year guarantee, was released on Monday to make room for Lee. Jenkins had earned a lot of respect inside the locker room, Sneed adds, but got caught in a numbers crunch.
- Wesley Matthews continues to struggle with his shooting and it’s fair to wonder whether the club should have handed the former Trail Blazers shooting guard a four-year, $70MM contract, MacMahon examines in a separate story. While owner Mark Cuban recently proclaimed that the club didn’t sign Matthews for this season, he has shown no progress in his first season since recovering from a left Achilles tendon tear. Matthews is averaging just 10.7 points since the New Year while shooting 37.4% from the field and 30.5% on 3-point tries, MacMahon points out. If Dallas doesn’t start getting better production from its highest-paid player, it has virtually no chance of winning a playoff round and could even slide out of the postseason picture, MacMahon adds.
- The Mavs are still looking to add another shooter, Eddie Sefko of the Dallas Morning News hears. They could be interested in two-guards Joe Johnson or Kevin Martin if either reaches a buyout agreement and gets released, though Sefko has doubts whether the Mavs would cut into Matthews’ minutes by signing Martin.
Pacific Notes: Green, Varejao, Dawson
Clippers coach/executive Doc Rivers reportedly plans to try to re-sign Jeff Green this summer, and he’s glad to be reunited with his former Celtics player for several reasons. Rivers was effusive in his praise of Green to Scott Howard-Cooper of NBA.com, calling him one of the best NBA people ever (Twitter link), and he’s also a fan of what the combo forward can do on the court, as Jason Jones of The Sacramento Bee details.
“I really wanted more length,” Rivers said of his goals going into the trade deadline, according to Jones. “When you look at the teams we have to beat, we need to get longer, more athletic, and we need to increase our shooting. And I think with Jeff we did all three of those things. … I thought of all the things that were offered, he was the best available for us.”
- The Hawks were among a group of interested teams otherwise composed of the Spurs, Thunder and Mavericks that fell short to the Warriors in the competition for Anderson Varejao, his agency says, according to Diamond Leung of the Bay Area News Group (on Twitter). The Relativity Sports client is reportedly poised to sign with Golden State, which already released Jason Thompson to clear a roster spot.
- The Clippers decided to sign power forward Alex Stepheson to a 10-day contract when the market didn’t bear a defensive guard, Rivers said, according to Ben Bolch of the Los Angeles Times.
- Branden Dawson, last year’s 56th overall pick, is headed to the D-League affiliate of the Magic on assignment from the Clippers, as the Clippers announced via press release. It’s the fourth time Dawson has gone to the D-League, and the Grand Rapids Drive are the third D-League team to have taken him in. The Clips are without their own affiliate.
- Kings affiliate player Vince Hunter left Sacramento’s D-League team to sign with Panathinaikos of Greece, the European club announced (Twitter link; translation via Sportando’s Emiliano Carchia). The Kings affiliate received a $45K buyout as part of the move, according to international journalist David Pick (on Twitter).
Mavs Sign David Lee
MONDAY, 9:51am: The signing is official, the team announced via press release.
8:52pm: Mavs coach Rick Carlisle confirmed the team will officially sign Lee Monday morning, Earl K. Sneed of Mavs.com tweets.
SUNDAY, 4:13pm: The Mavericks have signed David Lee, according to Marc Stein of ESPN.com (on Twitter). Dallas has yet to make an official announcement, but Stein indicates the deal is done.
The 11th-year veteran had just cleared waivers from the Celtics, who released him Friday as part of a buyout deal. Shams Charania of The Vertical on Yahoo Sports reported Saturday that Dallas was expected to sign Lee using the prorated room exception, which is a form of the mid-level.
The room exception is worth $2,102,224 as of today. Its original value was $2.814MM, but according to collective bargaining agreement rule, it began to prorate by 1/170th each day on January 10th. Lee cleared waivers because no team had the free cap space to absorb his $15.5MM salary. Boston attempted to find a taker for Lee prior to Thursday’s trade deadline, but the power forward reportedly had “no value” around the league.
Lee, who has not played since January 10th, has appeared in 30 games for Boston this season and is averaging 7.1 points, 4.3 rebounds and 1.8 assists in 15.7 minutes of action per contest.
Mavs Waive John Jenkins
MONDAY, 9:50am: The move is official, the team announced via press release.
8:51pm: Mavs coach Rick Carlisle confirmed the team has made the move, Earl K. Sneed of Mavs.com tweets.
SUNDAY, 8:29pm: The Mavs will waive John Jenkins on Monday to make room for the signing of David Lee, Eddie Sefko of the Dallas Morning News reports.
Jenkins, a shooting guard, will be released because the Mavs have a surplus of guards, according to Sefko. Jenkins has made 21 appearances, but was on the inactive list in three of the last five games, as Sefko points out. He is averaging 3.3 points and 9.2 minutes per game.
Jenkins performed well in the preseason for the Mavs, but he couldn’t make much of a dent in their rotation once the season started. The Mavs signed Jenkins to a three-year deal this past offseason with only the first season guaranteed. Jenkins’ salary for this season is $981,349. Jenkins, 24, a former first round pick, struggled for playing time in each of his three years in Atlanta, never averaging more than the 14.8 minutes per game he saw as a rookie in 2012/13.
Western Notes: Jazz, Varejao, Lakers
The Jazz acquired Shelvin Mack because he can defend bigger guards and can handle the ball, Jody Genessy of the Deseret News relays (on Twitter). Mack is in line for playing time with Utah, Genessy tweets. “We traded for him to help us — and he is different than the other guys, so he’s going to play,” Jazz coach Quin Snyder said. Mack averaged only 7.5 minutes in 24 games with the Hawks, but he doesn’t believe conditioning will be an issue, per Genessy (Twitter link).
Here’s more from around the Western Conference:
- The most significant reason why Anderson Varejao agreed to sign with the Warriors was Golden State assistant Luke Walton, a former teammate of Varejao’s, Shams Charania of The Vertical on Yahoo Sports tweets.
- Lakers star Kobe Bryant gave coach Byron Scott a vote of confidence days after Lakers GM Mitch Kupchak declined to comment on Scott’s future, Baxter Holmes of ESPN.com relays. “I think he’s been channeling his inner Zen,” Bryant said. “It’s been very tough for him. It’s been very tough. I think he’s managing it very well. He’s remaining consistent and continuing to try to bring the best out of these young guys and demanding the best from them. He’s doing the best that he can in the situation.”
- Scott said today that D’Angelo Russell will start for the rest of the season, Mike Trudell of Lakers.com tweets.
- The Wolves‘ needs for this summer after not striking a deal at the deadline consist of a veteran athletic wing who can defend and shoot, another athletic big man and a scoring point guard, Jerry Zgoda of the Star Tribune writes.
- The Thunder recalled Mitch McGary from the D-League, the team announced via press release.
- The Mavs recalled Jeremy Evans and Justin Anderson from their D-League affiliate, Dallas announced in an emailed press release.
Western Notes: Lee, Davis, Stepheson, Nuggets
The Mavericks will need more than just David Lee to start moving in the right direction, contends Eddie Sefko of The Dallas Morning News. Dallas is considered a heavy favorite to sign Lee once he clears waivers at 3 pm Central Time on Sunday, and Sefko says the Mavericks are believed to have a deal ready to present to him. Lee, who was waived Friday by the Celtics after falling out of their rotation, hasn’t played since January 10th. Sefko warns that Lee has lost some of the skills that made him a two-time All-Star and says other players will have to step up their games to keep the Mavericks from falling out of the playoff picture.
There’s more from the Western Conference:
- Jeremy Evans and Justin Anderson have been sent to the Mavericks‘ D-League affiliate, the team announced today. Evans has played in 29 games for Dallas, averaging 2.3 points and 1.9 rebounds, while Anderson has been in 34 games, averaging 2.6 points and 1.6 rebounds.
- Pelicans coach Alvin Gentry laughed at a report that the organization had trade talks with the Celtics about Anthony Davis, writes John Reid of The Times-Picayune. New Orleans gave Davis an extension last summer that will amount to the richest contract in league history, five years at $145MM.
- Alex Stepheson, who signed a 10-day contract with the Clippers earlier today, can’t wait to play in his first NBA game, according to Robert Morales of The Long Beach Press-Telegram. The 28-year-old was the D-League’s leading rebounder with the Iowa Energy, the affiliate of the Grizzlies. “I’m excited,” Stepheson said. “I’m a little bit nervous. I think basketball-wise, I kind of know what I can do and can’t do, so I don’t think I’m going to be too nervous on the basketball court. Just being out there playing for the Clippers and stuff like that, man, it’s pretty big.”
- The Nuggets created a tiny trade exception worth $135K from Thursday’s trade, notes Eric Pincus of Basketball Insiders (Twitter link). It’s of such diminutive value that it’s virtually unusable, but nonetheless, it comes via the difference between Randy Foye‘s $3.135MM salary and D.J. Augustin‘s $3MM pay. Denver took Steve Novak‘s $3,750,001 salary into its disabled player exception for Wilson Chandler, as I noted here and as Pincus confirms (on Twitter). The disabled player exception is thus extinguished, Pincus adds.