Odds & Ends: Warriors, Cooley, CBA, Shengelia
On a night when Chris Hansen, the leader of the investment group who missed out on the Kings earlier this year, was making headlines, new Sacramento owner Vivek Ranadive was also peripherally in the news. Ranadive's former minority stake in the Warriors has been purchased by Silicon Valley venture capitalist Mark Stevens, according to an Associated Press report (via ESPN.com). Darren Rovell of ESPN.com adds that Stevens paid for his share based on a franchise valuation of $800MM, an impressive figure considering the team was sold for $450MM less than three years ago.
- After turning down several camp invites from NBA teams, undrafted free agent Jack Cooley reached an agreement to sign with Turkish team Trabzonspor, as we heard last weekend. That deal became official today, the team announced (translation via Sportando).
- Larry Coon's latest chat at HoopsWorld addresses a number of interesting CBA issues, including why teams keep the cap holds of retired players on their books, and why the salary cap for 2014/15 is expected to increase noticeably.
- A Spanish club has interest in prying Tornike Shengelia away from the Nets, according to a Gigantes del Basket report (translation via HoopsHype).
- Sean Deveney of the Sporting News identifies a handful of trade candidates worth keeping an eye on in the coming months.
Northwest Notes: Nuggets, T’Wolves, Brown, Curry
Flip Saunders is the leading man in the Timberwolves' front office, but he's searching for two executives to help assist him in day-to-day operations. This morning, we learned that Wizards vice president of player personnel Milt Newton sat down with the T'Wolves to formally interview for the GM position while they could also promote former Raptors GM Rob Babcock from within. Here's the latest out of the Northwest Division..
- The Northwest Division is the best example this offseason of the cyclical nature of the league, writes Royce Young of CBSSports.com. The Nuggets have slipped after losing their GM and failing to re-sign their top offseason target in Andre Iguodala. Meanwhile, the Timberwolves could take the divisional crown after making a few shrewd moves and getting Kevin Love back.
- Bobby Brown has until August 15th to exercise his opt out clause with China's DongGuan Leopards and AJ Mitnick of Sheridan Hoops sees the Jazz as a good fit for the lighting quick point guard. Brown averaged 18.3 PPG in Euroleague last year and improved greatly as a true one-guard.
- Seth Curry says that Timberwolves are among the teams that have extended a training camp invitation to him, writes Mark Berman of The Roanoke Times. The Warriors, Spurs, and Bobcats have also invited the undrafted Duke guard to camp.
- Earlier today, we looked at the latest on the Thunder.
Western Notes: Aldridge, Griffin, Williams, Grizzlies
In today's chat, Luke Adams gave the Warriors credit for an aggressive offseason, but also noted that they'll have a tough hill to climb given the competition in the West this season. In his view, the best case scenario for Golden State is to capture the third seed with the bottom being something resembling the Lakers' 2012/13 campaign – lots of injuries and fighting just to squeak into the playoffs. The Warriors' summer saw them add Andre Iguodala, Toney Douglas, Marreese Speights, and Jermaine O'Neal while sending $24MM+ in expiring contracts (Andris Biedrins, Richard Jefferson, Brandon Rush) to the Jazz. Here's more from the Western Conference..
- Blazers GM Neil Olshey explored the possibility of a LaMarcus Aldridge-for-Blake Griffin swap with the Clippers this summer, writes Ken Berger of CBSSports.com. However, the talks didn't go anywhere. Olshey, of course, was the Clips' assistant GM when the team drafted Griffin. It's not surprising to hear that Olshey put out feelers for such a deal given the questions surrounding Aldridge's future in Portland.
- Free agent Mo Williams is flying in to meet with the Grizzlies' front office tonight, tweets Chris Vernon of 92.9 ESPN Radio. Late last week we learned that Memphis is the mix for the guard while the Heat are also keeping an eye on him.
- There are plenty of obstacles in the way of a positive return to the NBA for Pelicans target Greg Oden, but as one team official tracking Oden told Brian Windhorst of ESPN.com, one can't help but get excited about a big man who can move as well as he can. "He's not that far off microfracture [surgery]," a team executive said in regard to the former No. 1 overall pick. "He still has a way to go to getting his knee where it needs to be, but there are possibilities."
Potential Destinations For Gustavo Ayon
Before Gustavo Ayon's 2013/14 contract could become fully guaranteed yesterday, the Bucks made a somewhat surprising decision, electing to release him and avoid paying his modest $1.5MM salary. Ayon isn't a star, or even a starter, but he has size (6'10") and has exhibited an ability to be productive and efficient (15.1 PER) in limited playing time in his first two NBA seasons. As ESPN.com's Kevin Pelton tweeted last night, the 25-year-old would make a good, cheap fourth or fifth big man for many teams around the league.
Ayon is currently on waivers, set to become a free agent this weekend if he goes unclaimed. Considering we recently saw promising big man Bernard James clear waivers without any teams placing a claim, it's certainly not a lock that any club claims Ayon — particularly since his $1.5MM salary would be fully guaranteed for a team that grabbed him off waivers.
Still, let's assume that a number of teams are at least mulling the possibility of placing a claim, if not entirely committed to the move quite yet. Ayon isn't on a minimum-salary contract, which means not every NBA team is able to submit a claim. As we note in our glossary entry on the waiver process, only teams with at least $1.5MM in cap space or a traded player exception worth $1.5MM+ are eligible to claim Ayon.
Keeping those criteria in mind, and recalling that if two or more teams place a claim, the club with the worst record last season gets first priority, here are the teams who could claim Ayon, in order of priority:
- Charlotte Bobcats: Renouncing Gerald Henderson would be necessary to place a claim on Ayon, so the Bobcats probably won't be in the mix.
- Cleveland Cavaliers: Like the Bobcats, the Cavs would have to make a corresponding move (waiving C.J. Miles' non-guaranteed contract) to create the necessary room for Ayon, so they're not a likely suitor.
- Philadelphia 76ers: The 76ers still appear to have more than $11MM in cap room, per Mark Deeks of ShamSports.
- Utah Jazz: Within the same piece, Deeks notes that the Jazz should still be about $2.4MM below the cap, even without making additional cap-clearing moves.
- Atlanta Hawks: The Hawks have about $1.8MM in space, according to Deeks, and could create more by waiving their non-guaranteed players. That figure doesn't take into account Pero Antic's new deal with the team though.
- Golden State Warriors: Having created a pair trade exceptions in their three-way deal with the Nuggets and Jazz, the Warriors could use the smaller of the two ($4MM) to claim Ayon.
- Los Angeles Clippers: The Clippers created a TPE worth Eric Bledsoe's salary (about $2.6MM) in the trade that sent him to the Suns.
- Memphis Grizzlies: The Grizzlies have stockpiled a number of TPEs, but the $2.08MM exception created in last January's deal with the Cavs would make the most sense for claiming Ayon.
- Denver Nuggets: In the aforementioned three-way deal with Golden State and Utah, the Nuggets created a trade exception worth nearly $10MM.
- Oklahoma City Thunder: OKC has a pair of TPEs large enough to absorb Ayon — one was created when they moved Eric Maynor, while the more recent one came as a result of signing-and-trading Kevin Martin.
Even though 10 teams can technically place a waiver claim on Ayon, there's no guarantee that any of them actually will. Pelton thinks the Sixers, Jazz, Warriors, and Clippers represent the likeliest candidates for a claim, and I agree with him.
Philadelphia and Utah have room to add salary (in the Sixers' case, they need to add salary to reach the cap floor) and are heading into rebuilding years, which would allow them to take a long look at Ayon. Meanwhile, the Warriors and Clippers could each use one more big man, and Ayon's inexpensive salary wouldn't take Golden State into tax territory.
If Ayon goes unclaimed, I imagine he'd strongly consider returning overseas, since he'd at least have a chance to earn more playing time there. Don't be surprised to see one of the 10 NBA teams above take a shot on him though.
This post originally listed the Magic as a team eligible to claim Ayon, but because Orlando traded him in February, the club can't claim or re-sign him until the one-year anniversary of the deal.
Odds & Ends: Hill, Team USA, Cousins
Opting to stick around for youth basketball camps he sponsored in Texas, Pacers guard George Hill understands that his decision to forego his commitment to Team USA training camp on short notice could hurt his chances at future invitations (IndyStar.com). USA Basketball chairman Jerry Colangelo's reacted to Hill's decision: "We expected him here, and he withdrew…Until I really get the answer, I don't know what else to tell you. I just don't think it's fair to comment one way or the other until I have facts, out of courtesy and respect."
Here are a few more miscellaneous rumblings to pass along from tonight:
- Jason Jones of the Sacramento Bee (via Twitter) hears that the Kings will be meeting with DeMarcus Cousins' agent Dan Fegan in the near future to discuss a contract extension.
- Jeff Zillgitt of USA Today tweets that early next year, Colangelo will announce another pool of 25-28 players for next summer's World Cup competition.
- Though he almost chose the Mavericks at the request of his son, Jermaine O'Neal passed on the chance to return home and ultimately chose to join the Warriors for the opportunity to be a part of something special (Marcus Thompson of the San Jose Mercury News).
- Eric Koreen of the National Post introduces us to Bill Bayno, Jesse Murmuys, and Jama Mahlalela – some of the new faces on the Raptors' assistant coaching staff. In another piece, Ryan Wolstat of the Toronto Sun gathers some of head coach Dwane Casey's thoughts on Jonas Valanciunas and DeMar DeRozan and their improvement this summer.
- Zach Harper of CBS Sports is puzzled by Cavaliers center Andrew Bynum's statement to Cleveland media that he's never played for a city that really supported their team, coming from someone who developed and enjoyed plenty of success with the Lakers.
Warriors Plans For San Francisco Move Delayed?
After speaking with Warriors co-owner Joe Lacob, Tim Kawakami of the San Jose Mercury News reports that the team's plans to move to an arena in San Francisco at Piers 30/32 by 2017 could be pushed to 2018 or beyond.
Back in May, city mayor Ed Lee and members of the Golden State franchise had officially announced the intention to move the team in time for the 2017/18 season. Though there were some expected difficulties with regard to the politics and logistics of building an arena on that site, Kawakami writes that those issues – coupled with other unexpected obstacles – stand in the way of bringing the plan to fruition by the original intended target date.
Based on his conversation with Lacob - who thinks it's too early to tell whether or not the plan will be delayed, but conceded to the possibility that it could be - Kawakami also notes that the franchise isn't completely set on Piers 30/32 location, as Lacob and co-owner Peter Guber have acknowledged the possibility of re-starting talks with the San Francisco Giants about building an arena in Lot A next to AT&T Park. Though Lacob rules out Pier 50 as another location worth considering, Kawakami doesn't think it's completely out of the question either.
The team's current lease at the Oracle Arena is set to expire in 2017, and an alternative temporary option could include extending that lease for the standard of five years (or fewer, based on discussions) according to Kawakami. Lacob says that the franchise will have the next 18 months to receive an approval to start building in 2015, though with the likelihood that the building project could take more than two years, it paints a much clearer picture of why a move into the city by the 2017/18 season might not be as realistic as it used to be.
Warriors Waive Jones, Machado, Murphy
The Warriors have waived Dwayne Jones, Scott Machado and Kevin Murphy, the team announced today. Jones and Machado were late-season signings from this past spring, while Murphy joined the team as part of a three-team trade two weeks ago.
All three were on non-guaranteed minimum-salary contracts, but they all would have received at least a partial guarantee if Golden State hadn't waived them on or before August 1st. The contracts for Jones and Machado would have become fully guaranteed if they had stayed on the roster past that date, while Murphy's would have been guaranteed for $75K.
The team's roster is at 13 players, which gives Golden State plenty of flexibility heading into training camp. Teams can have as many as 20 players on their camp rosters, a limit that shrinks to 15 for the regular season. The Warriors have a hard cap this season, but the subtraction of a few minimum-salary players won't make too much of a difference considering they were more than $7MM shy of the hard cap before today's moves.
None of the three saw significant playing time last season. Jones and Machado didn't make it into any regular season games with the Warriors, instead appearing only briefly during the playoffs. Machado did play in six regular season contests during his stint with the Rockets in 2012/13. Murphy spent 2012/13 with the Jazz, who made him the 47th pick of the 2012 draft.
Warriors Sign Jermaine O’Neal
JULY 23RD: The Warriors have officially signed O'Neal, the team announced today in a press release.
JULY 9TH: Free agent big man Jermaine O'Neal will sign with the Warriors on a one-year deal, reports ESPN.com's Marc Stein (Twitter links). We had heard over the weekend that Golden State had interest in the Arn Tellem client, and that he was expected to make a decision soon.
The agreement with O'Neal is the latest move in a busy week for the Warriors. In addition to coming to terms with O'Neal, Golden State agreed to sign Andre Iguodala, Toney Douglas, and Marreese Speights, and will send $24MM+ in expiring contracts to the Jazz.
According to Chris Haynes of CSNNW.com (via Twitter), O'Neal's contract will be worth $2MM, which exceeds the minimum salary for a veteran with his experience. That means Golden State will either be signing O'Neal using the bi-annual exception or part of the mid-level exception. A sign-and-trade is also a possibility, but appears much less likely.
O'Neal, 34, has had problems staying on the court throughout his NBA career, but was productive in the games he played for the Suns last year. In 55 contests (18.7 MPG), O'Neal averaged 8.3 PPG and 5.3 RPG to go along with a 16.7 PER.
NBA Teams With Hard Caps For 2013/14
The NBA's salary cap is famously known as a "soft cap," allowing teams to surpass the cap threshold using various cap exceptions, sometimes by a significant margin. Last season, the Lakers' team salary exceeded the cap by $40MM, with the team spending about $100MM (plus taxes) on its roster of players.
However, under the league's Collective Bargaining Agreement, there are a few instances in which a team can become hard-capped for a season. If a team's salary exceeds the luxury tax threshold ($71,748,000) by $4MM+, that team is not permitted to acquire a player via sign-and-trade, or to use the full mid-level or bi-annual exceptions. As soon as a team completes a sign-and-trade deal, or uses its BAE, or uses more than $3,182,700 of its MLE to sign a player, that club becomes hard-capped at $75,748,000 for the 2013/14 season. In other words, team salary can't exceed that amount at any point before June 30th, 2014.
For some clubs, that hard cap isn't a major concern. For instance, the Pelicans still have about $12MM in breathing room below the hard cap, and seem to be just about done making moves. On the other hand, the Celtics are only about $2MM below the hard cap, so any trades or signings Boston makes for the rest of the season will have to be constructed to ensure team salary doesn't surpass that $75.748MM cutoff.
Here are the clubs who are now locked into a hard cap for the 2013/14 season, along with an estimation (via HoopsWorld) of their current team salaries and the reason(s) why the hard cap was created:
Boston Celtics
Current estimated team salary: $73,638,001
Hard cap created: Acquired Keith Bogans via sign-and-trade
Los Angeles Clippers
Current estimated team salary: $72,361,060
Hard cap created: Acquired J.J. Redick via sign-and-trade; signed Matt Barnes and Darren Collison via non-taxpayer MLE
Toronto Raptors
Current estimated team salary: $70,710,039
Hard cap created: Acquired Quentin Richardson via sign-and-trade
Washington Wizards
Current estimated team salary: $69,883,992
Hard cap created: Signed Martell Webster via non-taxpayer MLE; signed Eric Maynor via BAE
Indiana Pacers
Current estimated team salary: $69,150,000
Hard cap created: Signed C.J. Watson via BAE
Golden State Warriors
Current estimated team salary: $68,333,105
Hard cap created: Acquired Andre Iguodala via sign-and-trade; signed Marreese Speights and Toney Douglas via non-taxpayer MLE
Denver Nuggets
Current estimated team salary1: $66,849,937
Hard cap created: Acquired Randy Foye via sign-and-trade; signed J.J. Hickson via non-taxpayer MLE; signed Nate Robinson via BAE
San Antonio Spurs
Current estimated team salary2: $64,782,127
Hard cap created: Signed Marco Belinelli and Jeff Pendergraph via non-taxpayer MLE
New Orleans Pelicans
Current estimated team salary: $63,347,645
Hard cap created: Acquired Tyreke Evans via sign-and-trade
Minnesota Timberwolves
Current estimated team salary3: $61,158,583
Hard cap created: Acquired Kevin Martin via sign-and-trade; signed Corey Brewer via non-taxpayer MLE; signed Ronny Turiaf via BAE
1 Estimate includes Timofey Mozgov's cap hold
2 Estimate includes Gary Neal's cap hold
3 Estimate includes Nikola Pekovic's cap hold
HoopsWorld was used in the creation of this post.
Western Notes: Wolves, Gomes, Mavs, Clark
Grantland's Zach Lowe wrote earlier today that there's about a "99.9999%" chance that the Timberwolves work out a deal to bring back Nikola Pekovic. Jerry Zgoda of the Star Tribune also suggests that it's just a matter of time, tweeting that he thinks a deal will be completed next week. Whether or not the Wolves re-sign Pekovic, and it seems like a lock that they will, don't expect the team to have any interest in Greg Oden, says Darren Wolfson of 1500 ESPN Twin Cities (via Twitter). According to Wolfson, David Kahn had interest in Oden, but Flip Saunders is passing on the former first overall pick.
Here are a few more items from out of the Western Conference:
- Ryan Gomes, who says he hopes to be a coach one day, has worked out for the Thunder and Spurs as he weighs his options for the upcoming season, he tells Nick Greene of the Hartford Courant.
- Mavericks owner Mark Cuban appeared on KESN-FM in Dallas to follow up on his comments about the team potentially being better off without Dwight Howard, and the Dallas Morning News has the details.
- Undrafted free agent guard Ian Clark put up 33 points in the Warriors' championship win at the Las Vegas Summer League, and is drawing interest from NBA teams, as Jeff Zillgitt of USA Today writes. Zillgitt names the Warriors, Trail Blazers, and Jazz as clubs eyeing Clark.
- A strong Summer League performance also has NBA teams eyeing Dionte Christmas, according to Shams Charania of RealGM.com. The Suns are among the clubs with interest.