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Nets Waive Joe Johnson In Apparent Buyout

February 25th, 2016 at 2:13pm CST by Chuck Myron

The Nets have waived Joe Johnson, the team announced via press release. The statement didn’t refer to it as a buyout, but the sides were in buyout talks, as Marc Stein of ESPN.com reported earlier today. The 34-year-old was making almost $24.895MM in the final year of his contract and likely relinquished a portion of that in exchange for the chance to hit free agency.

“The Nets want to thank Joe for his many contributions to the team and the organization,” Nets GM Sean Marks said in the team’s statement. “Joe has been a quality professional since joining the Nets four years ago, was a valued member of three playoff teams, and provided many thrilling moments for his teammates and Nets’ fans. We wish him much success in the future.”

No team has enough cap room or any exception large enough to claim Johnson off waivers, so he’s poised to hit the open market Saturday. He’d been planning to sign with the Cavaliers in the event of a buyout, as Chris Haynes of the Northeast Ohio Media Group and the Cleveland Plain Dealer reported, but Chris Vivlamore of the Atlanta Journal-Constitution hears he has interest in rejoining the Hawks, the team he played for from 2005 to 2012. The Cavs and Hawks are among a group in pursuit of the 15th-year veteran that also includes the Celtics, Rockets, Heat, Thunder and Raptors, according to Stein. Ethan Skolnick of the Miami Herald first reported the Heat’s interest weeks ago, but Miami is unable to sign anyone prior to March 6th without crossing the luxury tax line.

The move leaves the Nets with two open roster spots. Brooklyn saved more than $1.5MM through a buyout deal with Andrea Bargnani this past weekend. Marks has been on the job for only a week, but both Bargnani and Johnson have hit waivers in that brief time. The Nets also released Deron Williams in a buyout deal this past summer under former GM Billy King.

And-Ones: Wolves, Joe Johnson, Rockets, Mavs

February 25th, 2016 at 2:01pm CST by Chuck Myron

The Timberwolves are at a “standstill” in talks with Grizzlies minority-share owner Steve Kaplan about a potential deal that would see Kaplan and his partners take 30% of the Minnesota franchise, Wolves owner Glen Taylor told Jerry Zgoda of the Star Tribune. The sides can’t proceed until Kaplan sells his stake in the Grizzlies, Taylor said to Zgoda, and Memphis principal owner Robert Pera isn’t making it easy, according to Jon Krawczynski of The Associated Press (on Twitter). The deal had reportedly been on track to be complete by the end of this month, but Taylor, who remains optimistic it will ultimately get done, said it will probably take months, not weeks, Zgoda relays. That arrangement would reportedly involve Taylor eventually ceding control of the Wolves to Kaplan, but Taylor plans to remain the primary owner for another few years, Krawczynski tweets. See more from around the NBA:

New Nets GM Sean Marks essentially confirmed the reported buyout talks with Joe Johnson today in an appearance on the “Joe & Evan” show on CBS New York radio (Twitter transcription via Devin Kharpertian of The Brooklyn Game). Marks said the team would talk to Johnson to see “what he really wants to do,” adding that he thinks the 15th-year veteran has “deserved the right” to go to a playoff team if he wants.
The relationship between James Harden and soon-to-be free agent Dwight Howard is nuanced, but the idea of tension between the Rockets stars is overblown, as Calvin Watkins of ESPN.com examines.
The Mavericks didn’t really receive trade offers of picks likely to fall in the middle of the first-round for Dwight Powell and Justin Anderson, according to Tim MacMahon of ESPNDallas.com (Twitter link). That conflicts with an earlier report.

Nets, Joe Johnson Start Buyout Talks

February 25th, 2016 at 9:59am CST by Chuck Myron

The Nets and Joe Johnson have begun talks about a would-be buyout deal, reports Marc Stein of ESPN.com (Twitter link). Johnson would reportedly sign with the Cavaliers if he becomes a free agent this season, but Stein hears that the Hawks, Celtics, Rockets, Heat, Thunder and Raptors are also pursuing him (Twitter link). Multiple reports in recent weeks have cast doubt on the idea that Johnson would engineer a buyout, which would entail him giving back part of his nearly $24.895MM salary, and Johnson has said he wouldn’t rule out re-signing with the Nets this summer, when his contract is set to expire. Chris Haynes of the Northeast Ohio Media Group and the Cleveland Plain Dealer, who reported the Cavs link, heard that whether a buyout happens comes down to Brooklyn’s willingness to reap financial savings at the cost of a move that would help Cleveland.

Johnson, 34, is averaging 11.8 points per game on 40.6% shooting this season, his lowest figure in either category since the 2002/03 season. Still, he’s shooting 37.1% from 3-point range, mirroring his career average. He remains in a starting role and hasn’t appeared as a reserve in any game since 2003/04, though many of the teams that would sign him would probably ask him to come off the bench.

It’s nonetheless no surprise to see Johnson attract interest from multiple suitors in spite of his declining production, as he’s still capable of delivering an offensive boost. He put up 27 points and 11 assists on February 5th in Brooklyn’s win against the Kings. That was a few days after Ethan Skolnick of the Miami Herald reported that Johnson would stir the Heat’s interest if he came free on the buyout market.

The Cavs and Raptors only have the prorated minimum salary of about $400K to offer, while the Thunder have the most to spend among the teams connected to him, since they have a prorated portion of the $3.376MM taxpayer’s mid-level exception, which is now worth about $2.4MM. The Hawks and Celtics have prorated portions of the room exception now worth about $2MM. The Heat can’t pay even the minimum salary on a contract for the rest of the season until March 6th without inviting repeat-offender tax penalties, while the Rockets are roughly $500K shy of the hard cap they triggered when they signed Montrezl Harrell earlier this season.

Johnson would have to hit waivers by the close of business on March 1st to be eligible to appear in the playoffs with a team other than Brooklyn, a club with no postseason hopes of its own. The Jeff Schwartz client has been in the postseason every year since missing out with the Hawks in 2007.

Financial Impact Of Deadline, Buyouts: Southwest

February 24th, 2016 at 12:17pm CST by Chuck Myron

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.

And-Ones: Simmons, Beasley, Bargnani, Maxiell

February 24th, 2016 at 10:46am CST by Chuck Myron

The improvement throughout the season that Duke small forward Brandon Ingram has displayed and his greater opportunity for a postseason showcase gives him a decent chance to unseat combo forward Ben Simmons as the presumptive No. 1 pick in this year’s draft, but Simmons is still out in front, as Chad Ford and Kevin Pelton of ESPN.com examine. The “overwhelming majority” of people around the NBA still think Simmons will be drafted first, Ford writes, believing that it’s because of his potential to play like a taller, more athletic Draymond Green. Still, Simmons’ lack of midrange and outside shooting is a concern, Ford adds. See more from around basketball:

Michael Beasley recently turned down an offer from Israel’s Maccabi Tel Aviv and remains steadfast in his effort to return to the NBA, according to Marc Stein of ESPN.com (Twitter links). Stein reported Tuesday that multiple NBA teams are monitoring the former No. 2 overall pick.
Andrea Bargnani rejected an offer equivalent to about $143K per month to sign with Olympiacos of Greece, which has instead turned its sights to Jason Maxiell, according to the Greek outlet Sport24 (translation via Sportando‘s Emiliano Carchia). However, Maxiell isn’t interested in the club’s idea of including an option for next season on the deal, notes international journalist David Pick (on Twitter).
Many agents and teams would like to see the league and the union discuss what to do about the moves that teams make in the aftermath of a trade that ultimately gets voided, as Bobby Marks of The Vertical on Yahoo Sports hears. The Sixers lost JaKarr Sampson, whom they waived to open a roster spot for last week’s trade with the Rockets and Pistons, which was nullified Monday. Philadelphia reportedly wanted to re-sign him, but he had already inked with the Nuggets by the time the trade was called off.
The reversal of the trade meant teams that aren’t in the tax are projected to each receive an extra $200K, Marks notes in the same piece. That’s because the Rockets are back in line to pay the tax, and thus a greater amount of money is available for the league to distribute.

Southwest Notes: Dwight, Stephenson, Lee

February 24th, 2016 at 9:33am CST by Chuck Myron

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.

Western Notes: Gasol, Olshey, Motiejunas

February 23rd, 2016 at 9:35pm CST by Eddie Scarito

The Blazers approached this season’s trade deadline determined not to part with one of their top rotation players unless the team was able to land a major upgrade in return, Jason Quick of CSNNW.com relays. “We went into the trade deadline trying to be opportunistic,’’ Portland executive Neil Olshey said. “I’m happy for this group. What they have been able to do on the floor put us in position where we weren’t looking to break up the roster and look to change the core group of guys. It’s a testament to the work they have done and the success they have had. We shaded ourselves toward more future assets as opposed to bringing in guys right now who might – quite honestly – disrupt the chemistry we have going. It took a lot of work to put this group together knowing how all the pieces fit and how they would fit into [coach] Terry’s [Stotts] system and how they would fit into our culture and how they would basically fall in line behind Damian Lillard‘s leadership. We are not going to tinker with that.’’

Here’s more from out West:

The Rockets don’t mind being back over the luxury tax threshold as a result of the Donatas Motiejunas trade with Detroit being voided, but the loss of the top-eight protected 2016 first-round pick they would have received from Detroit stings, Calvin Watkins of ESPN.com notes (via Twitter). The power forward not passing Detroit’s physical scuttled a three-way deal made prior to last Thursday’s trade deadline.
According to a physical therapist who is well-versed in the recovery process ahead of Grizzlies center Marc Gasol, the chance that the big man returns to the form he displayed before his injury is less than 10%, Peter Edmiston of The Commercial Appeal relays (on Twitter). Gasol will miss the rest of the season after undergoing surgery Saturday on his broken right foot.
The Rockets have assigned Sam Dekker to their D-League affiliate as he continues to make his way back from surgery, the team announced. This will be the rookie’s third trek of the season to Rio Grande Valley.

And-Ones: Conley, Thompson, Dekker

February 22nd, 2016 at 11:28pm CST by Dana Gauruder

Former Grizzlies and Nets coach Lionel Hollins said in a SiriusXM NBA Radio interview that Mike Conley will seek the best offer on the free-agent market, Stefan Bondy of the New York Daily News writes. Hollins doubts the Grizzlies point guard will accept a hometown discount to stay in Memphis, Bondy continues. The Knicks are among the teams expected to pursue Conley, the top guard on the Hoops Rumors Free Agent Power Rankings. “You have the hammer in your hand and you have to wield it because you may never get it again,” Hollins said in the interview. “The reality is you have to do what’s best for your family and the future. And if somebody comes around and offers Michael $18MM and Memphis can’t match, I think you have to make those decisions from that perspective.”

In other news around the league:

Jason Thompson‘s struggle to grasp the complexities of the Warriors’ schemes was a major factor why he was waived, according to Ethan Sherwood Strauss of ESPN.com. Thompson lost his roster spot in favor of center Anderson Varejao, who was signed on Monday. The team needed more depth in the middle because of injury concerns, but Strauss also believes Thompson’s lack of an advanced feel for the game made him the odd man out.
The Rockets recalled rookie small forward Sam Dekker from the D-League’s Rio Grande Valley Vipers, the team tweets. Dekker, who underwent back surgery three months ago, made his season debut with the Vipers on Friday night, as Adam Johnson of the D-League Digest details. Dekker’s recall was simply to participate in a practice, as he will return to play a few more games with the Vipers, Jonathan Feigen of the Houston Chronicle reports (Twitter link).
Center Tibor Pleiss was recalled by the Jazz from the D-League’s Idaho Stampede on Monday, according to the team’s website. Pleiss, a 7’3” center, has appeared in 12 games with the Jazz and 15 more for the Stampede this season.
Point guard Dwight Buycks will join the Thunder’s D-League affiliate, the Oklahoma City Blue, international journalist David Pick tweets. Buycks signed with Fujian Sturgeons in the Chinese Basketball Association in September and was among the league leaders in assists, Pick adds. Buycks played 14 games with the Raptors during the 2013/14 season and six more with the Lakers last season after signing a 10-day contract in April. He was also on the Lakers’ summer-league squad.

Pistons, NBA Void Donatas Motiejunas Trade

February 22nd, 2016 at 3:06pm CST by Chuck Myron

3:06pm: The Pistons confirmed the voiding of the trade, via press release.

“Standard with all trades, medical clearance on all players involved is required for completion. Medical clearance was not given on all players and the trade is being rescinded,” Bower said in Detroit’s statement. “In view of privacy considerations relating to medical information, we will have no further comment.”

1:15pm: The Pistons and the NBA are in the process of voiding the three-team Donatas Motiejunas trade, sources tell Shams Charania of The Vertical on Yahoo Sports (Twitter link). The power forward didn’t pass Detroit’s physical, The Vertical’s Adrian Wojnarowski notes (on Twitter), so the deal between the Pistons, Rockets and Sixers is off. Motiejunas, Marcus Thornton and Denver’s 2017 second-round pick will return to the Rockets, the Pistons will get back Joel Anthony and their top-eight protected 2016 first-round pick, while the Sixers will once more have the rights draft-and-stash player Chukwudiebere “Chu” Maduabum. The Sixers released JaKarr Sampson to facilitate the trade, but they won’t get him back, since he’s agreed to a two-year deal with the Nuggets.

Houston had slipped beneath the luxury tax line with the trade, according to The Vertical’s Bobby Marks, so today’s news has negative financial consequences for the Rockets, who are again in line to be taxpayers. The threat that the trade might fall apart grew over the weekend when the Pistons asked for and received an extra 24 hours to examine Motiejunas, who has dealt with lingering back trouble after undergoing surgery in April. The 25-year-old has appeared in only 14 games this season.

The Pistons had latitude to seek a change to the terms of the trade, including the protection attached to the first-rounder that was to go to Houston, according to Marks (Twitter link), but instead it appears they’ve decided, with the NBA’s blessing, to nix it altogether. Rescinding the trade will leave the Pistons and Sixers with one open roster spot apiece while the Rockets will go from two open roster spots to a full 15-man roster. Houston was reportedly among the teams interested in signing veteran rebounder Reggie Evans but now would have to cut somebody to do so.

Teams typically have 72 hours to administer physicals to the players they receive via trade, so it’s possible for deals to fall apart even after clubs formally announce them, even though it’s rare. The Thunder’s doctors didn’t like what they saw when they evaluated Tyson Chandler in 2009, leading the NBA to void Oklahoma City’s trade with the Hornets that year. Pistons GM Jeff Bower was the Hornets GM then, so he’s now seen voided trades from opposite perspectives.

The death of the trade is a boost to Anthony’s job prospects, since the Sixers were reportedly poised to waive him once the deal was ratified. Still, it’s perhaps a financial loss for him, since he could have latched on elsewhere for a salary that would have gone on top of the $2.5MM he’s seeing this year on his existing contract.

Conversely, it can’t help the earning potential for Motiejunas, who’s set for restricted free agency in the summer. It was a lock that either Motiejunas or fellow soon-to-be restricted free agent Terrence Jones would leave the Rockets this summer, as Zach Lowe of ESPN.com wrote before the trade agreement last week.

The voiding of the trade scraps the pair of trade exceptions, worth $2,288,205 and $947,276, respectively, that the Rockets were able to create. It also kills off a $211,795 trade exception for the Pistons, though that one would have been virtually unusable anyway.

Which team do you think suffers the most because the trade is getting voided? Leave a comment to share your thoughts.

Eastern Notes: Morris, Teague, Middleton, ‘Melo

February 22nd, 2016 at 12:31pm CST by Chuck Myron

Ex-Suns coach Jeff Hornacek gave one of the most positive reviews about Markieff Morris that the Wizards encountered when they asked around the league about Markieff Morris prior to last week’s trade, sources told TNT’s David Aldridge, who writes in his Morning Tip for NBA.com. Wizards coach Randy Wittman said he only heard “rave reviews,” while Marcin Gortat and Jared Dudley, former teammates of Morris who are now on the Wizards, told the front office that Morris wouldn’t be a problem, as Jorge Castillo of The Washington Post details. See more from the Eastern Conference as the ramifications of the trade deadline continue:

The Bucks reportedly had at least passing interest in Jeff Teague, but they weren’t willing to part with Khris Middleton to get a deal done, league sources told Aldridge for the same piece. Milwaukee reportedly held tight to Middleton in talks about Ricky Rubio, too. The Hawks were trying to score both a starter and a first-round pick in would-be trades involving Teague, sources told USA Today’s Jeff Zillgitt last week (Twitter link).
Meanwhile, the Pelicans were the team that clung to one of their players in their talks with the Bucks, as the conversation between those teams involving Greg Monroe fell apart when New Orleans refused to give up Jrue Holiday, according to Sean Deveney of The Sporting News.
Several teams think that if the Knicks don’t make much progress in their rebuilding by the middle of July, Carmelo Anthony would be willing to waive his no-trade clause, Deveney writes in the same piece. The Knicks spoke with the Rockets about Ty Lawson before the trade deadline, according to Marc Berman of the New York Post.
The retention of Dwyane Wade and Hassan Whiteside this summer would almost assuredly mean the end to Luol Deng‘s time with the Heat, observes Ira Winderman of the Sun Sentinel, who writes in his mailbag column. Front office executives around the league were led to believe that Deng was available on the trade market before last week’s deadline, as USA Today’s Jeff Zillgitt noted (on Twitter).