Denver Nuggets Rumors | Hoops Rumors

Nuggets Seek Danilo Gallinari Extension

July 16th, 2015 at 3:43pm CST by Eddie Scarito

The Nuggets recently agreed upon a contract renegotiation and extension with forward Wilson Chandler, and now the team intends to open talks regarding an extension with Danilo Gallinari, Christopher Dempsey of The Denver Post reports. Gallinari is entering the final year of his contract, during which he is scheduled to earn $11,559,225, and the Italian will be eligible to become an unrestricted free agent after the completion of the 2015/16 campaign.

With the Nuggets currently over the salary cap, any extension would likely need to be structured to kick in at the start of the 2016/17 season, similar to what Kenneth Faried did a year ago with his four-year, $50MM extension, Dempsey notes. Going this route wouldn’t allow Gallinari the sort of raise that Chandler got in his renegotiation. A straight extension would limit Gallinari to a starting salary of no more than 7.5% of what he’s making this season, with raises of no more than 7.5% for the life of the extension. The extension can also carry no longer than three years from the end of his current deal.

Gallinari has struggled with injuries throughout his career, and he has only appeared in more than 60 games in just three of his six NBA seasons. The 26-year-old only made it onto the court 59 times during the 2014/15 campaign, notching averages of 12.4 points, 3.7 rebounds, and 1.4 assists, with a slash line of .401/.355/.895. His career marks since being the No. 6 overall pick back in the 2008 NBA Draft are 14.2 PPG, 4.5 RPG, and 1.8 APG.

Northwest Notes: Lawson, Wolves, Montero

July 16th, 2015 at 9:00am CST by Chuck Myron

The Nuggets were requesting a first-round pick and a young player in trade talks about Ty Lawson days before his latest DUI-related arrest, reports Marc J. Spears of Yahoo Sports. Opposing teams were showing little to no interest, Spears adds, advancing a report from Yahoo Sports colleague Adrian Wojnarowski, who said that clubs were waiting for Lawson’s price to come down. Now, after the arrest, the Nuggets are in a position where they’re better off waiting for Lawson’s value to bounce back, an assistant GM tells Spears. We asked for your feedback about Lawson on Wednesday night. There’s more on the Nuggets amid the latest from around the Northwest Division:

Denver is scanning for trades that provide greater financial and roster flexibility, league sources tell Christopher Dempsey of The Denver Post. The search is unrelated to Lawson, as Dempsey makes clear. In any case, the report would suggest that the Nuggets are looking to unload a player in a deal that doesn’t bring back anyone in return.
Coach/executive Flip Saunders, with the $2.139MM biannual exception and roughly $1.7MM left on the mid-level exception, sounds open to adding a veteran point guard to the Timberwolves, according to Kent Youngblood of the Star Tribune (Twitter link via Tribune scribe Jerry Zgoda).
The Timberwolves had their choice of three trade exceptions with which they could take in Damjan Rudez from the Pacers, and Eric Pincus of Basketball Insiders says they used the $1.5MM Ronny Turiaf exception to do so (Twitter link). That reduces the Turiaf exception, which expires December 19th, to $350,500, essentially exhausting its value.
The Oregonian’s Mike Richman chronicles the unusual journey of Luis Montero to his partially guaranteed contract with the Blazers, adding the Knicks, Sixers, Suns and Thunder to the list of teams that previous reports indicated he worked out for prior to the draft.
A virtually unusable $88K sliver of the Thunder‘s Thabo Sefolosha trade exception expired Wednesday. Oklahoma City used most of what was originally a $4.15MM exception to trade for Dion Waiters in January.
Jazz power forward Trevor Booker‘s salary, which had been partially guaranteed for $250K, is now fully guaranteed for $4.775MM, as our list of salary guarantee dates shows.

Western Notes: Cousins, Levien, Montero

July 15th, 2015 at 10:31pm CST by Eddie Scarito

Kings coach George Karl admits talking hypothetical DeMarcus Cousins trades “behind closed doors,” but Karl tells Ken Berger of CBSSports.com that he rejects the notion that he was actively trying to trade the center. “As a coach, in meetings every year and maybe four or five times a year, you talk about what-ifs,” Karl said. “And 99% of what-ifs never happen. But isn’t it our job to talk about what-ifs? Does this make us better? Does this get us in a better place? That’s our job. There was never a discussion in that area even close to happening, in my opinion. … Never in the whole time of this experience did I ever think that I wasn’t going to coach Cuz.”

Here’s what else is happening around the Western Conference:

Jason Levien has become an unofficial adviser to Kings owner Vivek Ranadive, Scott Howard-Cooper of NBA.com tweets. Levien was formerly the CEO of the Grizzlies, as well as a former Sacramento assistant GM, Howard-Cooper notes.
The Wolves were able to create a traded player exception worth $5MM as a result of dealing Chase Budinger to the Pacers, Eric Pincus of Basketball Insiders notes (Twitter link).
Danny Green said that LaMarcus Aldridge contacted him during the free agent process to pick his brain about the Spurs, Jeff McDonald of The San Antonio Express News tweets. Green also noted that the possibility of playing alongside Aldridge factored heavily into his decision to re-sign with the Spurs, McDonald adds.
The Trail Blazers‘ deal with Luis Montero is a three year arrangement with the first season partially guaranteed, according to former Nets executive Bobby Marks (Twitter links).
The Thunder have removed forward Steve Novak from the trading block, Chris Mannix of SI.com relays. OKC was reportedly seeking financial relief and was willing to flip Novak in exchange for a future draft pick.
Wilson Chandler‘s contract renegotiation and extension with the Nuggets will pay him $10.4MM in 2015/16, $11.2MM for 2016/17, $12.0MM in 2017/18, and $12.8MM during the final season, Pincus notes (Twitter links).

Chuck Myron contributed to this post.

Northwest Notes: Lawson, Garnett, Ingles

July 14th, 2015 at 10:38pm CST by Eddie Scarito

Ty Lawson was arrested early this morning on suspicion of DUI, his second DUI-related arrest in six months, report Jesse Paul and Christopher Dempsey of The Denver Post. Lawson’s name has come up frequently in trade chatter since before the February deadline, and the teams with interest were waiting for Denver to reduce its price for the point guard, tweets Adrian Wojnarowski of Yahoo! Sports, adding that today’s news devastates Lawson’s trade value. The Kings were reportedly one of those teams eyeing him and spoke with the Nuggets before the draft, but his off-court issues were a major reason why Sacramento wasn’t willing to give up the No. 6 pick in exchange for him, according to Jason Jones of The Sacramento Bee (Twitter link).

Here’s the latest out of the Northwest Division:

Jazz GM Dennis Lindsey said that the team’s roster is relatively set for the 2015/16 season, but the team could look to use its available cap space at the trade deadline to add a player who could help the team, Jody Genessy of The Deseret News relays (Twitter links).
Joe Ingles‘ base salary with the Jazz on his new contract is $4.1MM but can he increase that payout to $4.4MM via $150K per season worth of performance-based incentives that are included in his deal, Eric Pincus of Basketball Insiders relays (Twitter links). This makes Ingles’ cap number for the 2015/16 season $2.15MM, as the NBA deems $100k worth of the incentives likely to be attained, and his 2016/17 cap number will range from $2.05-$2.20MM, Pincus adds.
Kevin Garnett‘s two-year deal with the Timberwolves will pay him $8.5MM for the 2015/16 campaign and $8MM in 2016/17, Pincus tweets.

Chuck Myron contributed to this post.

Multiple Teams Eye Carlos Boozer

July 13th, 2015 at 9:15pm CST by Chuck Myron

July 13th, 9:15pm: The Nuggets and Knicks, in addition to the Pelicans, Clippers, Raptors and Spurs, are interested in Boozer, according to Michael Scotto of Sheridan Hoops (Twitter link).

1:21pm: The interest between Boozer and the Clippers is mutual, a source tells Ben Bolch of the Los Angeles Times (Twitter link).

July 7th, 1:12pm: The Pelicans are also showing interest, Broussard tweets. His latest dispatch doesn’t include the Spurs, so it’s unclear if they’re still in the mix after reaching a deal with David West.

July 6th, 1:21pm: Free agent Carlos Boozer is in talks with the Clippers, Spurs, Mavericks and Raptors, sources tell Chris Broussard of ESPN.com (Twitter link). Ramona Shelburne of ESPN.com first reported that the Spurs had expressed interest, while Broussard identified San Antonio and Dallas on the eve of free agency as teams that were poised to pursue the Rob Pelinka client, along with the Nets, Rockets, Heat and incumbent Lakers.

The Mavs and Spurs would appear to have the most to spend among the four teams that Broussard reports in connection with Boozer today, as they have the $2.814MM room exception at their disposal. However, it seems Dallas is nearing a deal for that exception amount, and San Antonio reportedly has interest in David West, perhaps at that same price point. It looks like Toronto has its room exception earmarked for Bismack Biyombo, while the Clippers have $2.088MM left on their mid-level in the wake of Paul Pierce‘s deal and the departure of DeAndre Jordan.

Boozer, who’ll turn 34 in November, expressed a willingness to take a bench role as he expressed his desire to re-sign with the Lakers. Someone close to the power forward told Barry Jackson of the Miami Herald that he wouldn’t be surprised if Boozer signed with the Heat this summer, though it’s unclear if either the Lakers or the Heat still have interest.

Latest On Danilo Gallinari

July 13th, 2015 at 3:44pm CST by Chuck Myron

3:44pm: Multiple sources who spoke with Bulpett raised the possibility that the Celtics and Nuggets will revive the talks, and the sense among many executives from around the league is that teams are more willing to talk trade now that most top-tier free agents have committed to teams, as Bulpett writes.

2:53pm: The Celtics and Nuggets had talks about a Danilo Gallinari deal, but that discussion is no longer active, tweets Steve Bulpett of the Boston Herald, who cautions that conflicting information is swirling around the seven-year veteran. Some say that the Nuggets aren’t looking to trade him, while others insist that Denver is at least open to the idea, Bulpett adds (on Twitter). It’s unclear just how recently the Celtics and Nuggets talked.

The Nuggets were reportedly shopping Gallinari shortly before the draft, and while it’s seemed as though Gallinari has been among the least likely Nuggets to be subject to trade, little is certain in Denver. The Grizzlies were apparently one of the teams in pursuit of the sharpshooting small forward in advance of the draft. Gallinari is entering the final season of his contract with a salary worth more than $11.559MM.

Boston doesn’t have the cap flexibility to absorb him into cap space or any of the trade exceptions that the Celtics forfeited when they dipped under the cap for the first time in several years, so the Celtics would almost certainly have to send salary back to Denver. The Nuggets have been active in recent days after a slow start to free agency, reaching agreements with Will Barton and Jameer Nelson and pulling off a rare renegotiation/extension of Wilson Chandler‘s contract. Nelson’s deal, and the one for draft-and-stash prospect Nikola Jokic, will make it a tight squeeze to fit Chandler’s new deal under the cap without some more salary clearing moves, even in the wake of the team’s release of Jamaal Franklin.

Nuggets Waive Jamaal Franklin

July 13th, 2015 at 8:36am CST by Chuck Myron

The Nuggets have waived Jamaal Franklin, as Eric Pincus of Basketball Insiders tweets and as the RealGM transactions log shows. The team has yet to make any formal announcement, but it appears the move has indeed taken place. Franklin, whom Denver signed during the final week of the regular season to a three-year deal, didn’t have any guaranteed salary remaining on his contract. He’ll become a free agent, assuming he clears waivers.

Franklin’s release may well be part of an effort to clear cap room to accommodate the extension and renegotiation of Wilson Chandler‘s contract. The Nuggets also released their cap holds for Darrell Arthur, Rudy Fernandez, Ian Clark, Wesley Person and Jan Vesely, Pincus notes (Twitter link). Dropping Franklin’s $947,276 minimum salary brings Denver’s cap figure to $64,149,043, based on the data that Pincus has compiled. That leaves $5,850,957 under the $70MM cap to add to Chandler’s $7,171,662 salary, enough to bring it to $13,022,619, which would be a front-loaded figure for the first season of Chandler’s new deal, which reportedly is to give him $46MM over the next for years. That isn’t necessarily the reason for Franklin’s release, as Denver doesn’t have to front-load the Chandler deal. The Nuggets have already officially announced Chandler’s new deal, but RealGM nonetheless doesn’t show the move having taken place just yet, leaving room for Denver to make moves to clear the way for it.

Franklin, who turns 24 this month, is just two years removed from having been the 41st overall pick in 2013. The Grizzlies waived him using the stretch provision last summer, so the Brian Elfus client continue to pick up NBA paychecks through 2018/19. The shooting guard spent time playing in China and for the Lakers D-League affiliate last season before the Nuggets picked him up.

Northwest Notes: Blazers, Hummel, Garnett

July 12th, 2015 at 10:12am CST by Dana Gauruder

Damian Lillard said there was no way to prevent LaMarcus Aldridge from bolting the Trail Blazers for the Spurs, Marc J. Spears of Yahoo Sports reports. Lillard told Spears that Aldridge wanted a change and was seeking a franchise that was closer to winning a championship. Lillard added that Aldridge had no issues with him. “We basically exchanged texts about how much admiration we have for each other,” Lillard told Spears. “That change wasn’t about me. I did express that I wanted him to be back. I told him I respected his decision. I respected that he told me before the news broke and I saw it on TV.”

In other news around the Northwest Division:

The Trail Blazers and Nuggets are among the teams interested in signing Robbie Hummel, Darren Wolfson of 1500 ESPN Twin Cities tweets. The Kings and Cavaliers are also in the mix, Wolfson adds, but the two Northwest teams are the ones with the greater interest. Hummel became an unrestricted free agent when the Timberwolves pulled their $1.147MM qualifying offer.
Kevin Garnett has a full no-trade clause in his new contract, thanks to his service time during his first stint with the Timberwolves, according to Marc Stein of ESPN.com (Twitter links). Players can only get full no-trades in a new contract, not extensions, and must have at least eight years service time and four with the same team, Stein adds in a separate tweet. Garnett agreed to a two-year, $16.5MM deal.
The Timberwolves should receive a trade exception for all of Chase Budinger‘s $5MM salary, Eric Pincus of Basketball Insiders tweets. Minnesota agreed to deal Budinger to the Pacers on Saturday.
The Nuggets didn’t waive Randy Foye by the end of Saturday, so his non-guaranteed salary of $3.135MM is now fully guaranteed (hat tip to former Nets executive Bobby Marks; Twitter link).

Wilson Chandler Signs Extension With Nuggets

July 11th, 2015 at 9:39pm CST by Arthur Hill

The Nuggets have signed a multi-year extension with Wilson Chandler, the team announced. The extension will pay him $46MM over four years, tweets Adrian Wojnarowski of Yahoo Sports. Before the extension, Chandler was set to make close to $7.172MM next season.

Because the Nuggets were under the cap, they were able to renegotiate Chandler’s contract, according to former NBA executive Bobby Marks (Twitter link). They were able to deal with him like a free agent although he was already under contract with the team. Marks says Chandler and Danilo Gallinari are the only players eligible for renegotiation (Twitter link). He adds that today’s deals with Chandler and Will Barton means there is a “strong chance” that Denver will have to renounce some of its free agents, possibly Darrell Arthur (Twitter link).

Chandler averaged 13.9 points, 6.1 rebounds and 1.8 assists in 78 games with the Nuggets this season. He came to Denver in a 2011 trade after being drafted by the Knicks with the 23rd pick in 2007. He also briefly played for the Zhejiang Guangsha Lions of the Chinese Basketball Association.

Southwest Notes: Parsons, Asik, Aldridge

July 10th, 2015 at 10:28pm CST by Eddie Scarito

In a candid Q&A session with Tim MacMahon of ESPNDallas.com, Mavs forward Chandler Parsons detailed the team’s recruitment of DeAndre Jordan, and expressed his disappointment with the center re-signing with the Clippers. When asked about his reaction to Jordan spurning Dallas, Parsons told MacMahon, “I’m shocked, very disappointed, frustrated, disrespected. This is something that I’ve never seen in my career, and I know that it doesn’t happen very often. When a man gives you his word and an organization his word, especially when that organization put in so much effort and I walked him through this process and was very, very open and willing to work with him, it’s just very unethical and disrespectful.”

Here’s more from the Southwest Division:

It’s the Spurs‘ own 2016 second-rounder headed to Sacramento in the Ray McCallum trade, according to RealGM.
The protection on the 2017 second-round pick headed from the Hawks to the Spurs in the Tiago Splitter trade is for the top 55 picks, as RealGM details.
The four-year max deal that Wesley Matthews signed with the Mavs includes a player option after year three, Eric Pincus of Basketball Insiders relays (Twitter link).
The final season in Omer Asik‘s five-year deal with the Pelicans is an early termination option. That season is partially guaranteed for $3MM, though he can end up with a larger partial guarantee if he triggers incentives, Pincus notes (Twitter links).
The Grizzlies used the mid-level exception for their deal with Brandan Wright. Pincus pegs its value at $17.1MM, though he’s probably rounding down from $17,129,640, the full value of the mid-level over three years. Wright also has a 15% trade kicker.
Alexis Ajinca‘s four-year deal with the Pelicans is worth $19.2MM, tweets Pincus.
The starting salary in Patrick Beverley‘s deal with the Rockets is $6,486,486, but that’s a function of front-loading. It’s worth a total of $23MM over four years, Pincus relays (on Twitter).
LaMarcus Aldridge has a 15% trade kicker in his max deal with the Spurs, notes Pincus (via Twitter).
The Mavs considered trying to swing a trade for Nuggets point guard Ty Lawson before Deron Williams reached a buyout arrangement with the Nets, MacMahon tweets. Williams is expected to sign with Dallas if he clears waivers, which is highly likely given the point guard’s player-friendly contract.

Chuck Myron contributed to this post.