Mavs Re-Sign Dirk Nowitzki
JULY 15TH: The deal is official, the team announced via press release, and it’s for less than previously reported so that Dallas could accommodate its deal for Chandler Parsons, according to Marc Stein of ESPN.com (Twitter link). It’s a three-year, $25MM contract, Stein tweets. Nowitzki turned down max offers from the Rockets and the Lakers to remain with the Mavs, Stein reports (on Twitter).
JULY 3RD: 3:52pm: The deal includes a player option after the second season and a no-trade clause, Stein writes in his full story.
3:33pm: The Mavericks and Dirk Nowitzki have come to terms on a three-year deal, reports Marc Stein of ESPN.com (Twitter link). No free agent has seemed more certain to re-sign with his team than Nowitzki, with only the length of the contract and the financial terms in any doubt. The value of the deal is believed to be around $30MM, Stein adds via Twitter.
Nowitzki and the team had agreed to hold off on finalizing a deal until after the club’s Wednesday meeting with Carmelo Anthony so as to retain maximum cap flexibility, but with ‘Melo’s visit through, the team has locked up its own star. It’s not clear whether the deal is an indication that the team is more or less likely to sign ‘Melo than it had been before the meeting, but the terms of Nowitzki’s agreement fall in line with what Tim McMahon of ESPNDallas.com suggested he would likely end up with.
The money is a steep decline from Nowitzki’s salary of more than $22.7MM this past season, and he could have signed a deal worth as much as nearly $23.9MM for next season alone. The 36-year-old’s age is the chief reason he’ll wind up with less, but his loyalty to the Mavs also comes into play. Dallas has been attempting to find another star to go alongside Nowitzki in recent years, and that will be easier now that Nowitzki won’t be making nearly as much.
Nowitzki made the All-Star game this past season, and his performance this year justified the selection, as the 7-footer averaged 21.7 points and 6.2 rebounds with 39.8% three-point shooting and a 23.6 PER. He spoke in May of wanting the club to respect his continued ability when it put together his deal, even as he acknowledged there was no realistic chance he’d sign elsewhere. To that end, it appears he’ll continue to make an eight-figure salary, or close to it, as he nears age 40.
Photo courtesy of USA Today Sports Images.
And-Ones: Davis, Pacers, Thunder, Miller
Baron Davis is preparing himself for a return to the NBA this fall, reports Jared Zwerling of Bleacher Report (Twitter links). When asked what offensive system he likes, Davis said the Clippers’ and the Warriors’. Davis feels like he can play 15-20 minutes per game next year, notes Zwerling.
Here’s more from around the league:
- Mike Miller is leaning towards signing with the Cavaliers, but the Nuggets are still in play for the free agent’s services, tweets Jeff Goodman of ESPN.com.
- With LeBron James headed back to Cleveland, and Pau Gasol on his way to Chicago, the Central Division has gotten much tougher for the Pacers, writes Michael Marot of The Star Tribune. This makes re-signing Lance Stephenson even more of a priority, opines Marot.
- Thunder assistant coach Brian Keefe will join Derek Fisher‘s coaching staff in New York, reports Darnell Mayberry of the Oklahoman.
- The Thunder have to keep building their roster through the draft because the franchise is continuing to have difficulty luring free agents to Oklahoma City, writes Jon Hamm of ESPN.com.
- With many of the biggest names in free agency now spoken for, Fred Kerber of The New York Post runs down the winners and losers in free agency thus far.
- The Mavericks aren’t done upgrading their roster, writes Dwain Price of the Fort Worth Star-Telegram. President of basketball operations Donnie Nelson said, “We’re always looking for help in the backcourt, with an eye on 3-point shooting, and then kind of a rangy defender would be nice as well. We’re still in search of those, but those spots don’t necessarily need to be filled through free agency. Obviously there are trades and all kinds of other ways you can do that.”
- The Warriors may be interested in free agent Brandon Rush, writes Diamond Leung of the Bay Area News Group. Rush averaged 9.7 PPG and 3.8 RPG in 67 games with Golden State before getting injured last season. GM Bob Myers said of Rush, “Rush was great. Everybody that’s been a fan saw how good he was for us, so if he’s healthy, and he can play, which we hear he can — we’ll go watch him and see — it’s a good addition if we could get him. You don’t know what the price would be, but we like Brandon.” The article also notes that Rush is scheduled to hold a workout for interested teams soon.
Western Notes: Miller, Bosh, Tucker, Mavs
The Rockets and the Mavericks are interested in Mike Miller, reports Mark Stein of ESPN.com (Twitter link). The Nuggets have the best financial offer on the table for Miller, but Dallas, Houston, and the Cavaliers offer him a better chance to play for a winner, tweets Stein.
More from out west:
- The Pelicans extended a two-year contract offer to undrafted free agent center Patric Young, reports David Pick of Eurobasket (Twitter link).
- In addition to the Rockets and Heat, Chris Bosh was also being pursued by the Nuggets, Suns, and Lakers, notes Tom Haberstroh of ESPN.com. On why he chose to re-sign with Miami, Bosh said, “There were very enticing offers. There was some surprising advances made in everything, but I ultimately decided to stay in Miami. I think it was the right choice. I benefit from it, the team will benefit from it, from here. My heart was in Miami. I wanted to be there and keep my family there and build relationships and really keep building on something special.“
- It was a long road for P.J. Tucker, but the hard work paid off with his new contract with the Suns, writes Paul Coro of The Arizona Republic.
- Mavericks‘ president of basketball operations Donnie Nelson would like to re-sign free agent center Bernard James, tweets Dwain Price of the Fort Worth Star-Telegram. Nelson said, “We love to be able to have Sarge [James] back because of his shot blocking.” James averaged 0.3 BPG in 30 games last season for Dallas.
- Mavs owner Mark Cuban suggested that Chandler Parsons was the team’s top free agent target all along, writes Bryan Gutierrez of ESPNDallas.com. Cuban said, “I looked at all the main guys that were young that we thought would be available and we loved his game. We liked him the best of all the free agents and that was point one.” In the article Cuban also said that if he was in the Rockets position, he would have matched their offer sheet on Parsons.
Bulls Trade Greg Smith To Mavs
MONDAY, 6:18pm: The Mavericks have announced that the trade is official. Dallas acquires Smith from the Bulls in exchange for the rights to Tadija Dragicevic.
9:24pm: Tim MacMahon of ESPNDallas.com confirms the trade is happening, and is told that the Mavs will give up virtually nothing in the deal (Twitter link).
SATURDAY, 10:40pm: The Bulls are expected to trade Greg Smith to the Mavs by Monday, a league source tells Marc J. Spears of Yahoo! Sports (Twitter link). K.C. Johnson of The Chicago Tribune confirms that a trade is in the works, but stops short of calling it a done deal (on Twitter). Chicago is looking to clear Smith’s salary, at just under $950K, to aid in their ongoing efforts in free agency.
Smith was signed by the Bulls after the Rockets waived the center during the season. The 23-year-old was injured at the time, arriving amid a slew of late-season pickups that gave the Bulls cap flexibility for this year while helping them reach the roster minimum. Details of compensation from Dallas are unknown, but they would likely be modest for a recovering player on a minimum contract.
Smith played in 70 games for Houston in the 2012/13 season, but that was sandwiched between a total of 19 appearances in his other two seasons in the NBA. If healthy, he could fill a need for Dallas, who were reportedly interested in re-signing fellow big man DeJuan Blair at the minimum salary.
Daryl Morey On Lin, Parsons, Bosh
Rockets GM Daryl Morey gambled and lost with Chandler Parsons, electing not to match a near-maximum three-year offer sheet from the Mavs when he could have simply brought him back for $964,750 had he exercised Houston’s team option on the small forward. He also missed out on Carmelo Anthony and Chris Bosh last week, settling for a much less glamorous agreement with Trevor Ariza. Morey took to the radio airwaves Monday in Houston to try to explain just what went wrong, and he called the structure of the Parsons offer sheet “one of the most untradeable structures that I’ve ever seen,” as we passed along earlier. Adam Wexler of CSNHouston.com and the Houston Chronicle roundup more of Morey’s remarks on SportsTalk 790 and SportsRadio 610, and we’ll hit the highlights here:
On why the team completed the Jeremy Lin trade an opened cap room:
“We had the offer to Chris, while it looked extremely likely, our deal for Jeremy [Lin] was going to go away. We had to move before we had the 100% [from Bosh], because the Lakers were ready to move on with other things.”
On the decision against matching the deal for Parsons:
“It takes three, at least, three elite players with very little exception, throughout history, it takes three elite players and a good set of players that fit around them. Once Bosh said ‘no’ it put us into another very difficult decision of, is matching Chandler Parsons, do we have a better chance of winning a title by matching it or not matching it. That comes down to a very simple question, is [James] Harden, [Dwight] Howard, Parsons a three that can be a championship three? I actually think it can be. I think Chandler is a great player, getting better. Really, really good player, no doubt. But the question is actually: is Harden, Howard, Parsons, is that three a better championship odds than Harden, Howard and the team we can put together with a guaranteed lottery pick, trade exceptions, mid-level young team improving and continuing to be flexible? That was the very tough decision before us. But I can tell you this, in our opinion it was not close. We are in a better [place] to win a championship by not matching it, once Bosh goes away than by not matching it.”
On the opportunity the team lost and what it can still accomplish:
“We felt like we were on the, right there, on having potentially having the best team in the NBA if we got Bosh and matched Parsons. We feel great about where we’re at, as well. With the youngest playoff team last year and a team that is continuing to improve with Patrick Beverley and a young core behind it and a lot of ways to continue to improve this season … We were right at the precipice of, what I would argue maybe is the best team in the NBA.”
On his expectations for the year ahead:
“We feel we were almost there with the Bosh-Parsons moves. When that didn’t happen we felt like the best thing to do was step back. We’ve now got a pick, a guaranteed lottery pick basically that is now is exactly structured like the pick that got us James Harden last time. We now have trade exceptions, we now have cap room and we also have pretty good team that’s a top four seed team in the west even with the decision not to match Chandler.”
Western Notes: Blazers, Parsons, Cunningham
Agent Mark Bartelstein told Chris Haynes of CSNNW.com last week that there remained a chance that Mo Williams would re-sign with the Blazers, but the door is largely closed to that possibility, leaving a disappointed Damian Lillard, as Haynes writes.
“He’s someone who I can say will be a friend forever,” Lillard said. “We got that close in a year. He’s was the one guy I wanted back the most but that’s not in my power and I understand that. We still talk and plan to link up down the road but it’s tough to know he’s not coming back.”
Still, Lillard added that he likes Portland’s additions of Chris Kaman and Steve Blake. Here’s more from around the West:
- Rockets GM Daryl Morey called the structure of the offer sheet Chandler Parsons signed with the Mavs “one of the most untradeable structures that I’ve ever seen” in an appearance on SportsTalk 790 AM in Houston, as Tim MacMahon of ESPNDallas.com transcribes.
- The Rockets have reached out to Dante Cunningham, who’s still a long shot to re-sign with the Wolves, reports Darren Wolfson of 1500 ESPN Twin Cities (Twitter link).
- The Warriors remain in touch with Jermaine O’Neal as he ponders retirement, observes Diamond Leung of the Bay Area News Group.
- Anthony Morrow is set to join the Thunder and Brian Roberts has a deal with the Hornets, and the Pelicans went ahead Sunday and renounced their rights to both, as the RealGM transactions log shows.
And-Ones: Rockets, Gay, Livingston, Miles
The Rockets promised Chris Bosh that they would match the Mavs’ offer sheet for Chandler Parsons if he jumped from Miami to Houston, but when Bosh agreed to re-sign with the Heat, the Rockets changed course, as Marc Stein of ESPN.com details (All Twitter links). Houston declined to match the deal for Parsons during the three-day window that expired Sunday night, and now the Rockets are poised to turn their attention back to longtime target Rajon Rondo and find a way back into the Kevin Love sweepstakes, Stein says. Here’s more from around the league after a busy weekend:
- Rudy Gay, who chose in June to opt into the final season of his contract with the Kings, said Sunday that he’s open to signing an extension but will wait to see how the team develops, as he told reporters, including Jason Jones of The Sacramento Bee. “If I was going to opt out, I was definitely going to look at my options on different teams,” Gay said. “But with me opting in, I’m not saying no extension is going to happen. I’m just trying to see where we’re going as a team and how we plan on getting better.”
- The final season of Shaun Livingston‘s three-year contract with the Warriors is worth $5,782,450 but only guaranteed for $3MM, tweets Eric Pincus of Basketball Insiders. That guarantee could increase if Livingston triggers incentives, Pincus adds.
- Mutual options don’t exist in the NBA, but it appears that the last year of C.J. Miles‘ new four-year deal with the Pacers will function much like a mutual option, as Pincus details (Twitter link). Pincus indicates that his salary for that season is non-guaranteed but becomes guaranteed if he’s not waived after a certain date. Presuming he’s retained, Miles has a player option for that season, according to Pincus.
- Mark Deeks of ShamSports lists the contract guarantee date for Peyton Siva as having been July 12, so it appeared that his minimum salary contract would be fully guaranteed for the coming season when he remained on the Pistons roster through Saturday. However, Vincent Ellis of the Detroit Free Press (on Twitter) and Keith Langlois of Pistons.com both list the date as the 20th, so it appears that Siva’s contract remains non-guaranteed unless he’s not waived on or before this coming Sunday.
- The Jazz didn’t attempt to re-sign Richard Jefferson before he moved on to the Mavs, writes Tony Jones of The Salt Lake Tribune.
Western Notes: Gasol, Love, Mavs, Deng
The Lakers have officially renounced the rights to Pau Gasol along with an entertaining list of long-retired players, according to Mark Deeks of ShamSports (via Twitter). Prepare for a stroll down memory lane. The Lakers renounced the rights to Horace Grant, Ron Harper, Jim Jackson, Karl Malone, Ira Newble, Theo Ratliff, Mitch Richmond, John Salley, Brian Shaw, Joe Smith, and Shammond Williams. The Lakers had to drop the rights to those players in order to help make the Jeremy Lin trade possible. For more on cap holds, check out our cap holds entry in the Hoops Rumors Glossary. More out of the West..
- The main holdup in the Kevin Love talks between the Wolves and Warriors is obviously Klay Thompson, but there’s more to it, as Tim Kawakami of the Mercury News explains. The Wolves don’t regard David Lee and Harrison Barnes as highly as Golden State does, thanks to Lee’s hefty contract and Barnes’ down season in 2013/14.
- Lakers GM Mitch Kupchak told reporters, including Bill Oram of the Orange County Register, that he wasn’t banking on landing Carmelo Anthony this summer. “We always felt like it was a longshot,” Kupchak said. “We gave it our best shot and we’re happy to accomplish what we did and we still have more work to do.”
- Lance Stephenson could prove to be this summer’s Monta Ellis for the Mavericks, tweets Jeff Caplan of NBA.com. The Mavs weren’t necessarily high on Ellis last summer but he fell to them at a great price after everyone else passed.
- The Cavaliers’ re-signing of James complicated Deng’s situation, as sign-and-trade options that could have led to a bigger payday for him were no longer available and James’ decision to sign a two-year deal set a new precedent on the market that came into play, writes Sam Amick of USA Today. The Mavericks‘ preference to go after Stephenson if they can’t land Chandler Parsons also limited Deng’s options.
Chandler Parsons To Join Mavericks
8:00pm: Sign-and-trade talks between the two sides have ended without a deal, sources tell Marc Stein of ESPN.com (on Twitter).
6:25pm: The Rockets and Mavericks have expressed a willingness to try and hammer out a sign-and-trade deal, but it’s not clear if the league will allow them to do so, tweets Marc Stein of ESPN.com.
4:59pm: The Rockets have decided not to match the offer sheet Chandler Parsons signed with the Mavericks, tweets Jonathan Feigen of the Houston Chronicle. Parsons will now earn more than $46,084,500 over the next three seasons with Dallas, a figure slightly less than the maximum he could have received in an offer sheet over that timeframe.
The Rockets were hoping to land free agent Chris Bosh and also match the Mavs’ offer sheet for Parsons. However, when Bosh surprised Houston by returning to Miami, the Rockets decided to spend their money elsewhere.
Parsons will earn $14.7MM next season, $15.36MM in 2015/16 and $16.02MM in 2016/17 for a total of $46.08MM over three years. The third and final year of the deal includes a player option.
Houston chose to decline the extremely reasonable $960K team option for Parsons this season in a move that preserved their right to match offers for the third-year forward in restricted free agency rather than see him become an unrestricted free agent next summer.
Cavs Nearing Deal With Mike Miller
SUNDAY, 3:12pm: Miller is a possibility for the Mavs or Rockets, depending on which club doesn’t get Chandler Parsons, tweets Jeff Goodman of ESPN.com.
SATURDAY, 6:40pm: The Cavs and Miller are now making progress on a contract, tweets Brian Windhorst of ESPN.com.
9:56am: Sam Amick of USA Today tweets that the Cavs are not yet close to a deal with Miller, and have only had cursory conversations at this point.
12:33am: The Cavs are closing in on a deal with Miller, tweets Sam Amico of Fox Sports Ohio. Miller on Friday cut off talks with the Nuggets, with whom he was reportedly close to a deal earlier this week, and had the Grizzlies tell him they were ending their pursuit.
WEDNESDAY, 3:27pm: Miller’s price is shooting up, with the Grizzlies, Thunder and Nuggets all in the race along with the Cavs, according to Wojnarowski (Twitter link). He’s in line for salaries of $4-4.5MM, Wojnarowski adds.
11:22am: James reached out to a pair of free agents about joining him on a team if he were to leave the Heat, and Miller was one of them, tweets Adrian Wojnarowski of Yahoo! Sports. Miller can’t sign with the Heat, since his amnestied contract would have run through next season, and teams are barred from re-signing the players they amnesty while their old contracts would still have been in effect.
10:52am: The Cavs are in pursuit of free agent Mike Miller, sources tell Sam Amico of Fox Sports Ohio (Twitter link). It seems like the latest move in the team’s efforts to land LeBron James, after this morning’s trade to clear max cap flexibility and news of the team’s attempts to sign Ray Allen. Cleveland is also making a run at James Jones, a longtime member of the Heat and a favorite of LeBron’s, TNT’s David Aldridge tweets.
Cleveland reportedly considered claiming Miller off amnesty waivers last summer, but he wound up clearing those waivers and signing with the Grizzlies as a free agent, as Miller apparently gave signals he wouldn’t want to play in Cleveland. It’s not clear whether the chance to reunite with LeBron James, should the four-time MVP sign with Cleveland, would persuade Miller to reconsider a move to the Cavs. The Clippers, Nuggets, Rockets, Thunder and Grizzlies are all reportedly in the mix for Miller, and while a report last week indicating that Memphis believed it was losing a bidding war for the Arn Tellem client also said that Miller would make his decision soon, he remains on the market.
Jones, 33, was little-used the past three seasons, though he did emerge as a rotation player for a time during the postseason for the Heat this past spring. The Miami native is likely in line for a minimum-salary deal wherever he ends up.