Extension Fallout: Gibson, Curry, DeRozan, Evans
Five players signed contract extensions on Wednesday's deadline day, and that doesn't even include Ty Lawson's new deal, which was completed on Tuesday. With this year's October 31st deadline behind us, let's round up some of the links relating to this year's class of extended players….
- Taj Gibson's deal with the Bulls is worth roughly $34MM in guaranteed salary, plus up to $38-39MM with incentives, which are both individual- and team-based, according to Shams Charania of RealGM.com (Twitter links).
- Gibson probably could have earned a larger contract on the open market next summer, but wanted to stay with the Bulls because he's happy in Chicago, says Sam Smith of Bulls.com.
- Marcus Thompson of the Bay Area News Group spoke to Stephen Curry about the process of negotiating a new deal with the Warriors. The piece also includes conversations with team owner Joe Lacob and GM Bob Myers.
- DeMar DeRozan was prepared to play out the season with or without a contract extension, but he's happy to have it out of the way, writes Stephen Brotherson of HoopsWorld.
- Doug Smith of the Toronto Star feels that the Raptors, in locking up DeRozan, bid against themselves when it wasn't necessary.
- Sean Deveney of The Sporting News examines the consequences of a wild week for the Rockets and James Harden, who finalized a five-year maximum-salary extension yesterday.
- Having not received an extension from the Kings, Tyreke Evans tells Jason Jones of the Sacramento Bee that he's fine with just focusing on his play on the court for the rest of the season.
Odds & Ends: Allen, Pistons, Jazz, Curry, Lawson
While most of the night's news has centered around extensions for a flurry of fourth-year players before the 11pm Central deadline, there's sure to be fallout over the lack of extensions for Brandon Jennings, Tyreke Evans and Jeff Teague, who will headline a class of 2013 restricted free agents that won't be as strong as first expected. In the meantime, there are plenty of other interesting tidbits from around the league.
- Before deciding on the Heat, Ray Allen was serious about joining the Clippers this summer, but believes the Clips thought he was using them as leverage, writes Mark Murphy of the Boston Herald.
- Pistons owner Tom Gores, who won't rule out someday moving the team from the suburban Palace of Auburn Hills to a downtown venue, is anxious for his team to make the playoffs, but said the jobs of basketball operations president Joe Dumars and coach Lawrence Frank aren't necessarily riding on a postseason berth, as David Mayo of MLive.com observes.
- Jazz executive vice president Kevin O'Connor says the team structured its contracts so most of them would end after this season, Bill Oram of The Salt Lake Tribune reports.
- Grantland's Zach Lowe examines the extensions for Stephen Curry and Ty Lawson, believing the Warriors could trade Curry if he gets off to a fast start next season, while wondering if the Nuggets will make a cost-cutting move some time next year to fit Lawson's deal into their budget.
- Cavs forward Luke Walton, who played under Phil Jackson with the Lakers, believes his former coach won't return to the sidelines, according to Sam Amico of Fox Sports Ohio (Sulia link).
- Mavs president of basketball operations Donnie Nelson didn't dismiss the possibility that the team could re-sign Dominique Jones as an unrestricted free agent next summer after deciding against picking up his 2013/14 option, as Eddie Sefko of the Dallas Morning News notes.
Bob Myers Addresses Extension For Stephen Curry
The Warriors caught many observers off guard when they decided to extend Stephen Curry's contract for four years and $44MM today, not long after the guard suffered yet another ankle injury in the preseason. Steve Kyler of HoopsWorld reported earlier that the team never had any inclination to part ways with Curry, whether they reached an extension agreement or not, and he speculates that the Warriors were motivated by the notion that Curry's hometown Bobcats could make a lucrative offer to him as a restricted free agent next summer (Twitter link). GM Bob Myers explained his decision to reporters, including Brett Pollakoff of ProBasketballTalk.com.
On the role Curry's health played in the decision:
"It’s a big belief in his health; you can bet against it or you can bet on it, and we decided to bet on it. We looked at all the information, we watched him play in the preseason, we watched him practice the last four or five days. I’m well-acquainted with his surgeon, I’ve known him for probably 10 years. With all the information we had, we felt like it was a prudent decision — not knowing what he would have commanded (on the free agent market), and that was certainly part of the process, as in, what would he have gotten if he would have played out this season? And even in some respects, whether he was healthy or not. We’ve seen some players in free agency get some pretty big numbers."
On the consequences of not extending Curry:
He could become a restricted free agent, and get offered a contract of similar or higher value. He could become a restricted free agent, and we’d choose to go in another direction. We’d have to replace the position, and that’s a hard thing to do with what amount of money we would have had. If you look at it on a global level, our options, it wasn’t like if we didn’t do this we’d have the max space to go out and get another guy. We’re thrilled we got the deal done, because we really like him. We really believe in him, and what this does is give us cost certainty in a league that is very uncertain.”
On the pitfalls of restricted free agency:
“The thing to understand about restricted free agency is, when a player enters restricted free agency and receives an offer sheet — and we’ll never know, thankfully, whether (Curry) would have or wouldn’t have — but when a team makes an offer, they have to pay a premium,” Myers said. “They pay beyond market value, and the reason being is, they have to set a bar they think that the team with the right to match won’t commit to. So even if you value a player at $12MM, you’re not going to offer 12 — you’re going to offer 13 or 14. And you saw that in restricted free agency. So to protect against that, to commit to a player we really like for this organization, we made the deal we did and we’re happy with it.”
Extension Rumors: Gibson, Casspi, Curry
This year's deadline for extension-eligible fourth-year players to sign new deals is just hours away, arriving at 11:00pm CT today. Blake Griffin, Serge Ibaka, and Ty Lawson came into the day as the only players with new contracts, while Stephen Curry reached an unexpected agreement with the Warriors this morning and James Harden agreed to a maximum deal with the Rockets this afternoon. Will we see any other extensions signed before the night is out? We'll track today's extension-related rumors and rumblings right here:
- Aggrey Sam of CSNChicago reports Taj Gibson is seeking a four-year extension worth $40MM while the Bulls are offering $32MM. Sam notes a $36MM figure in the middle would be equal to what fellow forwards Ryan Anderson and Jeff Green got over the summer, and less than the $10MM or more Sam believes Gibson could command as a restricted free agent next summer (All Twitter links).
Earlier updates:
Warriors Sign Curry To Four-Year Extension
3:26pm: The Warriors have officially signed Curry to a contract extension, the team confirmed in a press release.
"This is an exciting day for the Warriors and our fans and it certainly exemplifies the commitment of [owners] Joe Lacob and Peter Guber," said GM Bob Myers in the release. "We’re extremely pleased that we have reached an agreement that will enable Stephen to remain a vital part of our team long term. His contributions over the last three years, both on the floor and in the community, have been invaluable to our organization. We certainly expect him to be an integral part of our future success as he continues to evolve as a player in all facets of the game."
10:59am: Stephen Curry and the Warriors have reached an agreement on a contract extension for the fourth-year guard, a source tells Marcus Thompson II of the Bay Area News Group. According to Thompson, Curry's new deal, which will begin in 2013/14, will be worth $44MM over four years, and doesn't include any incentives or bonuses.
Curry himself confirmed the news on his Twitter account, tweeting: "#Dubs Gameday baby. And thanks to Joe Lacob & the Warriors hopefully I can say that for the next 4 yrs. agreed on extension."
The news is a little surprising, considering Curry was slowed during the preseason with ankle issues. After missing significant time last season with ankle injuries, it was assumed the Warriors wanted to take a long look at Curry's health this preseason to determine whether a long-term investment was worth the risk. Despite the fact that Curry missed some time last week with an ankle sprain, it seems the Warriors saw enough to convince them that they should lock up the 24-year-old now, rather than waiting until after the season.
Curry's deal comes on the heels of Ty Lawson signing a four-year, $48MM extension with the Nuggets. The Warriors point guard will earn an annual salary worth $1MM less than Lawson's, matching the $11MM annual salary Rajon Rondo is making on his five-year, $55MM deal with the Celtics.
As for the Warriors, they appear to be headed for luxury-tax territory in 2013/14, even if Curry's deal is backloaded. A $10MM salary for Curry in 2013/14 would put Golden State on the hook for about $58MM for its top five players (by salary) next season, assuming Richard Jefferson and Andris Biedrins pick up their options. Modest salaries for Harrison Barnes, Klay Thompson, Festus Ezeli, and Draymond Green, along with potential $4MM player options for Brandon Rush and Carl Landry, will make it extremely challenging for the Warriors to stay below the tax threshold.
Odds & Ends: Curry, Bulls, Richardson, Grizzlies
Despite indications this morning that the Nets/Knicks opener in Brooklyn tomorrow would proceed as planned, the game will be postponed due to the effects of Hurricane Sandy, tweets Greg Anthony of CBS Sports and NBA TV. It's not clear yet whether the Knicks' Friday game at Madison Square Garden or the Nets' Saturday game in Brooklyn will be played. For now, however, it seems the debut of the Barclays Center will have to wait as the city continues to recover.
Here are a few more notes from around the league:
- Prior to reaching an agreement on a contract extension for Stephen Curry today, the Warriors and Curry had been discussing a deal with an annual salary ranging from $8.5-10MM, according to Marc J. Spears of Yahoo! Sports. Golden State upped its offer following Ty Lawson's four-year, $48MM deal with the Nuggets.
- The Bulls are monitoring the free agent market in anticipation of being able to add a minimum-salary contract later in November, says Aggrey Sam of CSNChicago.com. Quentin Richardson is one player under consideration, according to Sam.
- The fact that the Bulls haven't been able to pair a second star with Derrick Rose yet hasn't been due to lack of trying, executive VP of basketball operations John Paxson said on ESPN 1000 Chicago (link via ESPNChicago.com).
- The Grizzlies never considered undergoing what GM Chris Wallace calls a "voluntary rebuild" this summer, writes Ronald Tillery of the Memphis Commercial Appeal.
- One of the main lessons Cavaliers owner Dan Gilbert learned from the LeBron James saga was not to let a star player leave in unrestricted free agency without getting anything back for him, according to an Associated Press report.
Odds & Ends: Curry, Gibson, Warriors, Thabeet
Stephen Curry didn't want extension talks to go down to the wire, but it appears that's the case, as Curry's comments to Rusty Simmons of the San Francisco Chronicle lead Simmons to conclude that agent Jeff Austin and Warriors GM Bob Myers continue to try to work out a deal (Sulia link). Since Curry left a preseason game after tweaking his ankle ten days ago, we've heard multiple reports suggesting a deal was unlikely. Nothing's final until tomorrow's 11:00pm Central time deadline, and with about 24 hours to go, there's news on another extension-eligible player among notes from the first night of the 2012/13 regular season.
- There's "growing speculation" the Bulls will let the deadline pass without signing Taj Gibson to an extension, reports Joe Cowley of the Chicago Sun-Times.
- Andrew Bogut believes "a lot is riding on this year" for the Warriors, and Marcus Thompson II of the Bay Area News Group says much of that is riding on Bogut's shoulders. Fellow Bay Area News Group scribe Monte Poole goes the other way, suggesting Curry is the focal point of the team.
- Thunder coach Scott Brooks has confidence in Hasheem Thabeet, and his performance in the preseason was one reason the team included Cole Aldrich in the trade, as John Rohde of The Oklahoman chronicles.
- The Bobcats are counting on offseason trade acquisition Ben Gordon to be their go-to scorer at the end of games, writes Scott Fowler of the Charlotte Observer.
- With a year still to go before his five-year max extension kicks in, the Clippers want to make sure Blake Griffin stays healthy for the long haul by incorporating more mid-range shooting into his arsenal, as Elliott Teaford of the Los Angeles Daily News examines.
- Mavericks owner Mark Cuban reportedly had to be talked into waiving Delonte West, and Earl K. Sneed of Mavs.com notes the affection he has for the troubled guard (Twitter link).
- The James Harden trade has the Rockets thinking playoffs, as Jonathan Feigen of the Houston Chronicle documents.
Amick On Holiday, Curry, Evans, Jennings, Gibson
Tomorrow is the last day for fourth-year players eligible for extensions to finalize new deals with their respective teams, and we're expecting at least a couple players to be extended. James Harden appears to be a lock, and Ty Lawson is making progress on an extension with the Nuggets. Will any other extension-eligible players sign new contracts? Former SI.com scribe Sam Amick weighs in for his new outlet, USA Today:
- Unlike Lawson, Jrue Holiday doesn't seem to be moving any closer to a deal with his team, the Sixers, as agent Tony Dutt explains: "We've had conversations, but I don't feel like any progress has been made. We haven't talked in a while."
- A gap remains in talks between the Warriors and Stephen Curry. Given Curry's ankle issues, he likely hasn't done enough this preseason to prove he's worthy of a significant long-term commitment.
- Tyreke Evans remains unlikely to be extended by the Kings, as team president Geoff Petrie indicated earlier this month: "In Tyreke's case, you can make X (amount of money) now, but if you want to make X-plus, then certain things have to happen."
- A source close to Brandon Jennings says an extension isn't likely for the Bucks guard, but cautioned that anything could happen.
- Taj Gibson's agent continues to negotiate with the Bulls on a new deal for his client.
Warriors, Jazz, Others Discussed James Harden
10:56am: Suns president Lon Babby confirmed to Paul Coro of the Arizona Republic that Phoenix had been engaged with the Thunder in trade talks for Harden, though he says that no proposal ever gained serious traction.
"We were engaged in discussions on numerous occasions," Babby said. "We most recently met in person when we played them [on October 19th]. At the end of the day, there wasn’t a deal that was workable for both sides."
8:53am: According to Zach Lowe of Grantland.com, Thunder GM Sam Presti had at least "semi-serious" trade conversations involving James Harden with a number of teams before eventually accepting the Rockets' offer. Lowe says the Warriors, Jazz, Wizards, and Raptors were among the teams that Presti spoke to before sending Harden to Houston. We heard yesterday that the Suns also pursued a trade for Harden.
The Thunder were seeking a sure-thing player who was still in the first year or two of his rookie deal, according to Lowe. That means Presti figures to have inquired on players like Klay Thompson, Derrick Favors, Enes Kanter, Bradley Beal, and Jonas Valanciunas. Lowe adds that the Thunder GM likely started the process by reaching out to the Hornets about Anthony Davis, though I imagine that conversation didn't last too long.
Here are a few more Harden-related links, as reactions continue to pour in on one of the year's most surprising trades:
- Berry Tramel of the Oklahoman reports that the Thunder made a last-ditch offer to Harden on Friday, proposing a four-year, $53MM extension. The team gave him a one-hour window to accept it, telling him that if he turned it down, he'd be traded to Houston. According to Tramel's sources, Harden said he needed three days to make a decision, but because the Rockets wanted time to negotiate an extension before Wednesday's deadline, Presti stuck to the one-hour window.
- The pieces the Thunder acquired for Harden are the same sort of assets the team used to initially build itself into a perennial contender, opines Darnell Mayberry of the Oklahoman.
- Members of the Spurs, a team the Thunder eliminated from the playoffs earlier this year, were surprised by the deal, as Jeff McDonald of the San Antonio Express-News writes. "It's kind of weird to look at OKC and think of them without their Big Three," Danny Green said. "Things are different. Obviously they're still going to be a good team."
Stein On Harden, Gibson, Curry, Bobcats
As we close in on the extension deadline for players out of the draft class of 2009, Bulls forward Taj Gibson insists that he isn't letting his contract situation be a distraction. Of course, Gibson would prefer to have a new contract worked out in advance of the October 31st deadline. Last night, ESPN.com's Marc Stein took to Twitter to look at some the players in line for contract extensions out of the 2009 draft class. Let's take a look..
- Stein believes that the Thunder and James Harden will reach agreement on a contract extension, but there is pessimism surrounding the situation as Oklahoma City is insisting on a deal for less than the max (Twitter link). Darnell Mayberry of The Oklahoman is among those who are less-than-optimistic about a deal being struck, giving the club a 0.2% chance of working something out.
- Stein (via Twitter) still expects the Warriors to extend Stephen Curry despite his recurring ankle issues. Curry missed time during the preseason, leading many to believe that the guard would not work out a new deal with Golden State. The 24-year-old is set to earn roughly $3.96MM as he enters the fourth and final year of his rookie deal.
- It's a safe bet that the Bulls will extend Gibson by Wednesday's deadline, Stein tweets. Late last week, Gibson said that he hopes to spend the rest of his career in Chicago.
- Gerald Henderson and Byron Mullens both told Stein (via Twitter) that they hope to hammer out extensions with the Bobcats before the Wednesday deadline. The Bobcats have been exploring an extension for the Duke product, but reportedly won't pull the trigger unless the terms are very team-friendly. Mullens took a significant step forward last season as he averaged 9.3 PPG and 5.0 RPG in his first year with Charlotte.