Houston Rockets Rumors | Hoops Rumors

Nuggets Waive Pablo Prigioni

July 20th, 2015 at 4:26pm CST by Eddie Scarito

JULY 20TH, 4:26pm: The Nuggets have waived Prigioni, ESPN.com’s Marc Stein tweets. Denver confirmed the move in its press release on the Lawson trade.

JULY 19TH, 9:13pm: The Nuggets intend to waive newly acquired point guard Pablo Prigioni, TNT’s David Aldridge reports (Twitter link). Prigioni is being sent to Denver as part of the Ty Lawson deal. The Nuggets appear to be committing to turning the team over to 2015 first-rounder Emmanuel Mudiay with today’s moves.

Prigioni’s salary of $1,734,572 is set to become fully guaranteed if he remains on the roster past Monday, as is shown by our schedule of contract guarantee dates. Denver would only be on the hook for $440K, the amount of Prigioni’s partial guarantee, by waiving him.

What’s next for the 38-year-old from Argentina is unclear. He’ll likely draw offers from overseas, and the Cavaliers, who were reportedly trying to acquire Prigioni at last season’s trade deadline, could potentially look to him as an alternative to Matthew Dellavedova, who is still unsigned, though that is merely my speculation.

In three NBA seasons Prigioni has averaged 3.8 points, 1.9 rebounds, and 3.0 assists to go with a slash line of .437/.398/.872.

Rockets Acquire Ty Lawson

July 20th, 2015 at 4:25pm CST by Chuck Myron

Courtesy of USA Today Sports Images

JULY 20TH, 4:25pm: The Nuggets have waived Prigioni, and the deal is official, Denver announced in a press release. In a condition of the trade, Lawson has agreed to make the 2016/17 season, the final year of his contract, non-guaranteed, sources tell Grantland’s Zach Lowe (Twitter link). As part of the deal, the Nuggets receive cash considerations, Mark Berman of Fox 26 Houston tweets. The press release from the Rockets notes that it’s their own lottery-protected 2016 pick going to Denver.

SUNDAY, 8:16pm: The Rockets have reached a deal with the Nuggets that will send Ty Lawson to Houston, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). Marc Stein of ESPN.com had tweeted just moments earlier that the sides were deep in talks. Kostas Papanikolaou, Pablo Prigioni, Joey Dorsey, Nick Johnson and a protected 2016 first-round pick go to Denver, Wojnarowski adds (All Twitter links). Houston will receive a 2017 second-round pick in addition to Lawson, as Wojnarowski also reports (on Twitter). The first-rounder going to Denver is lottery-protected, and the second-rounder headed to Houston is unprotected, tweets Jonathan Feigen of the Houston Chronicle. The move, when it becomes official, will bring an end to Lawson’s tenure with the Nuggets even though GM Tim Connelly and coach Michael Malone both expressed their support for the troubled point guard in recent days.

Chris Mannix of SI.com last week identified the Rockets as a team with interest in the point guard even in the wake of his latest DUI-related arrest, which came Tuesday morning in Los Angeles. It was his second such arrest in six months. Lawson entered a 30-day residential treatment program on Saturday.

Houston made more sense as a Lawson suitor than the Pistons or the Lakers, the two other teams Mannix identified in his report from last week, since both Detroit and L.A. made major investments in point guards this summer. The Pistons agreed to re-sign Reggie Jackson for $80MM and the Lakers drafted D’Angelo Russell No. 2 overall. The Lakers indeed made a determined push, but the Nuggets preferred what Houston offered, Stein reports (on Twitter). Rockets re-signed Patrick Beverley, but only for $23MM over four years. Beverley and Lawson now figure to compete for minutes.

The Kings and Nuggets reportedly spoke about Lawson prior to the draft, but Sacramento apparently wasn’t willing to give up the No. 6 pick in exchange for him in large measure because of the 27-year-old’s off-court issues. By contrast, Lawson’s talent appears to have convinced Houston it’s worth taking a shot on him, as he’s coming off a career-high 9.6 assists per game.

The trade nonetheless carries financial consequences for the Rockets. Lawson’s contract calls for him make more than $12.404MM this season and in excess of $13.213MM in 2016/17, and the exchange as reported so far will push Houston over the $84.74MM luxury tax threshold by about $500K, according to former Nets executive Bobby Marks (Twitter link). The Rockets have until the end of the regular season to go under that line and avoid paying the tax. Houston faces a hard cap of $4MM above the tax line if it signs No. 32 pick Montrezl Harrell to a contract that covers more than two seasons at the minimum salary, as Marks also points out (on Twitter). The swap also means the Rockets aren’t in line to open cap space next summer, Marks adds (Twitter link).

The Nuggets meanwhile go under the cap with the deal and are set to open an estimated $46MM in cap space next summer, Marks tweets. Papanikolaou’s salary of nearly $4.798MM for this coming season is non-guaranteed, and Prigioni’s salary of almost $1.735MM carries only a $440K partial guarantee. Dorsey’s pay of about $1.015MM and Johnson’s approximately $845K salary are fully guaranteed, but they don’t make much of a dent in the Nuggets payroll.

The most significant on-court effect for Denver is that No. 7 overall pick Emmanuel Mudiay, also a point guard, has a clear shot to lead the team. The Nuggets re-signed Jameer Nelson, who seems to have a decent shot to begin the coming season as a starter, but Mudiay is clearly the team’s future at the position, and Malone had no shortage of enthusiasm about his play during summer league, tweets Marc J. Spears of Yahoo! Sports.

Did the Nuggets get a fair return for Lawson, considering the circumstances? Leave a comment to have your say.

Rockets, Jason Terry Near Deal

July 20th, 2015 at 4:00pm CST by ChrisCrouse

4:00pm: Terry says he is close to a deal with the Rockets, Mark Berman of Fox 26 Houston tweets.

2:28pm: The sides are starting to close in on an agreement, as Calvin Watkins of ESPN.com hears (Twitter link).

JULY 20TH, 2:08pm: The Rockets have offered Terry a contract, a source told Jonathan Feigen of the Houston Chronicle. Terry has Bird rights with Houston, so the team doesn’t have to use its mid-level exception to complete a deal.

JULY 19TH, 9:18pm: The Ty Lawson trade agreement, in which the Rockets are giving up guards Pablo Prigioni and Nick Johnson, among others, improves the chances that Terry re-signs with Houston, as Marc Stein of ESPN.com hears (Twitter link). Terry confirmed to Mark Berman of Fox 26 Houston that the sides are in talks (Twitter link).

JULY 13TH, 9:46pm: Free agent guard Jason Terry is progressing toward a deal to re-sign with the Rockets, according to Shams Charania of RealGM (Twitter link). Terry finished the 2014/15 season as the team’s starting point guard after Patrick Beverley was sidelined because of a wrist injury.

Terry and the Mavs reportedly had conversations about a reunion in Dallas. The 37-year-old played half of his 16 NBA seasons for the Mavs.

Terry played well last season and was a contributor during Houston’s playoff run to the Western Conference Finals. He averaged 9.2 points while shooting 35.4% from behind the arc during 17 playoff games.

Fallout From/Reaction To Ty Lawson Deal

July 20th, 2015 at 1:47pm CST by Chuck Myron

Ty Lawson‘s drinking habit had concerned teams even when he entered the NBA, according to Grantland’s Zach Lowe, who hears from several sources who say that it helped dissuade the Celtics from trading for him while they were in talks with the Nuggets before the February deadline. The video that depicts him smoking from a hookah and predicting that the Nuggets would trade him to the Kings as he watched Denver select Emmanuel Mudiay in the draft was a turn-off for potential suitors, too, Lowe writes. Lowe and others have more on the trade agreement, as we’ll pass along here:

The Lakers were the only team other than the Rockets to express interest in Lawson shortly before the deal, according to Lowe, though Chris Mannix of SI.com heard the Pistons also did.
Nick Johnson, one of the players heading to the Nuggets, didn’t get along with the coaching staff at the Rockets D-League affiliate while on assignment last season, several league sources told Lowe.
The Nuggets face a scramble to complete the trade before the close of business today so that they can waive Pablo Prigioni, as they reportedly intend to do, before his partial guarantee of $440K becomes a full guarantee of nearly $1.735MM, as former Nets executive Bobby Marks details. Teams can waive physicals and the requirement that the players report, but it would be up to the Rockets to do so with Lawson, Marks notes. Also, players in the final year of their respective contracts must certify a trade before it goes final, so Denver has to get in contact with Prigioni, Kostas Papanikolaou and Joey Dorsey, Marks explains (All four Twitter links).
Lawson is on board with the trade, agent Happy Walters told Mark Berman of Fox 26 Houston. “He’s excited,” Walters said. “I spoke to him once about it. He’s close with James [Harden], tight with Corey [Brewer], knows Trevor [Ariza] and Dwight [Howard] and is real excited. It’s an opportunity for him. He’s been deep in the playoffs before, but this is something he feels really good about.”
Houston’s new point guard has his baggage, but the Rockets didn’t relinquish much in the deal, making it a risk that the rigors of the Western Conference demand that they take, opines Tim Bontemps of the New York Post.
Lawson might not be the third star the Rockets have been seeking to complement Harden and Howard, but Michael Lee of The Washington Post points out that he’s the sort of facilitator that Harden has said he’d welcome.
What’s your reaction to the deal? Leave a comment to let us know.

Rockets, Chuck Hayes Close To Deal

July 20th, 2015 at 1:29pm CST by Chuck Myron

JULY 20TH, 1:29pm: The sides are close to an agreement and working on “fine details,” Andrews told Jonathan Feigen of the Houston Chronicle (Twitter link).

JULY 15TH, 8:32am: Free agent Chuck Hayes met with people from the Rockets organization Monday, and agent Calvin Andrews told Marc J. Spears of Yahoo Sports that the sides have mutual interest (Twitter link). The 10-year veteran big man played his first six NBA seasons with Houston, and GM Daryl Morey has shown a fondness for reunions with his former players.

The market for the 32-year-old has been quiet this month. It’s unclear if he or the Raptors have any interest in a return. Hayes is coming off a season of career lows, as he averaged just 1.7 points and 1.8 rebounds in 8.8 minutes per game across 29 appearances. He was a starter his last two seasons in Houston.

The Rockets have their mid-level exception available, though the team may need it to re-sign either Josh Smith, K.J. McDaniels, or both, as Houston reportedly wants to retain those free agents. Hayes seems like a candidate for the minimum salary, coming off his down year, though he made nearly $5.959MM in 2014/15.

Rockets, Nuggets In Advanced Talks On Ty Lawson

July 19th, 2015 at 10:59am CST by Chuck Myron

SUNDAY, 8:13pm: The Rockets and Nuggets have reached advanced stages of trade talks regarding Ty Lawson, reports Marc Stein of ESPN.com (Twitter link).

Southwest Notes: Smith, Cuban, Curry, Allen

July 18th, 2015 at 10:54pm CST by Arthur Hill

Owner Mark Cuban said the Mavericks weren’t pursuing Josh Smith before he left the Rockets to sign with the Clippers, according to The Dallas Morning News. “We weren’t in that mix at all,” Cuban said in a radio interview with KESN-FM, adding that the Mavericks unsuccessfully tried to sign Smith after he was waived by the Pistons in December. There was a report last week that Dallas was one of the teams in play for the free agent forward.

There’s more from the Southwest Division:

Cuban overpaid free agents by millions to prove his loyalty, charges Tim Bontemps of The New York Post. Being spurned by DeAndre Jordan affected Cuban’s judgment in subsequent deals, Bontemps contends. He praises the Mavericks owner for acquiring Zaza Pachulia cheaply and gambling on Deron Williams for $11MM over two seasons, but writes that the deals given to Wesley Matthews ($70MM over four seasons) and J.J. Barea ($16MM over four seasons) could lead to an ugly cap situation in the future.
The Pelicans haven’t decided whether to offer a contract to Seth Curry, tweets John Reid of The Times-Picayune. GM Dell Demps discussed the possibility tonight on NBA TV. New Orleans is rumored to be close to giving a guaranteed deal to Curry, who was the top scorer in the Las Vegas summer league heading into today’s games.
The Grizzlies‘ Tony Allen is convinced that he made the right choice when he left Boston for Memphis five years ago, writes Geoff Calkins of The Commercial Appeal. The defensive specialist signed with the Grizzlies as a free agent in July of 2010. Allen has two more seasons and more than $10.6MM left on his current contract. “I can’t envision myself no place else,” he said. “I got about five more years.”

Rockets, Pistons, Lakers Interested In Ty Lawson

July 17th, 2015 at 8:33am CST by Chuck Myron

The Rockets, Pistons and Lakers are among the teams that have expressed interest in Ty Lawson lately, league sources told Chris Mannix of SI.com, who suggests that their interest persists in spite of Lawson’s arrest on suspicion of DUI this week. The possibility that the Nuggets trade Lawson this offseason remains strong, Mannix adds. The point guard’s talent continues to hold intrigue to teams around the league, as Mannix explains.

The news is nonetheless surprising, and conflicts with a report from earlier this week indicating that teams were showing little interest, at best, in Lawson even before the arrest, which was his second DUI-related arrest in six months. Denver was asking for a first-round pick and a young player in talks, as Marc J. Spears of Yahoo Sports wrote in that dispatch, while Yahoo Sports colleague Adrian Wojnarowski heard that teams had been waiting, prior to the arrest, for the Nuggets to lower their price for Lawson.

A league source tells Mannix that Kings coach George Karl would welcome Lawson in Sacramento, echoing just what a person familiar with Karl’s thinking told Bleacher Report’s Howard Beck in February. Still, Lawson’s off-court issues were a significant reason why the Kings weren’t willing to give the Nuggets the No. 6 pick when they spoke with Denver about Lawson before the draft.

Lawson’s troubles extend beyond his legal woes. He was late reporting back to the Nuggets after the All-Star break, and GM Tim Connelly publicly implored him to “grow up.” The Nuggets used their first-rounder, at No. 7, on point guard Emmanuel Mudiay, a move that prompted an incredulous reaction from Lawson when he was watching on television.

The Nuggets are set to pay Lawson more than $12.404MM this season and more than $13.213MM in 2016/17, though Mannix suggests he’s more of a bargain than those figures may indicate, given the escalating salary cap. Still, he’d be an awkward fit in Detroit, where the Pistons just made a lucrative commitment to Reggie Jackson and traded this week for backup point guard Steve Blake. Vince Ellis of the Detroit Free Press surmises that if Detroit had interest, that’s probably no longer the case (Twitter link). The Lakers drafted point guard D’Angelo Russell No. 2 overall last month, so there’s little logic behind a Lawson pursuit on their account, either. The Rockets just re-signed Patrick Beverley, though his deal is worth just $23MM over four years.

Latest On K.J. McDaniels

July 16th, 2015 at 7:42pm CST by Eddie Scarito

The Rockets are still in talks with restricted free agent K.J. McDaniels regarding the player re-signing and returning to Houston, Calvin Watkins of ESPN.com reports (Twitter link). The franchise wishes to use the mid-level exception, worth $5,464,000 to ink the swingman, Watkins adds. It’s not clear what contract length and annual salary the player is seeking.

McDaniels has received what Watkins refers to as a “strong offer” from another team, though the ESPN scribe doesn’t mention which franchise that may be. No offer sheet has been signed by the swingman as of yet, notes Watkins. Houston would have three days to match any signed offer sheet it received for the player, which the team reportedly intends to do, as a result of tendering McDaniels a qualifying offer worth slightly more than $1.045MM. The Knicks were one franchise that was reported to be interested in the second-year guard out of Clemson, though it’s unknown if they are the team that has made McDaniels a contract offer.

In 62 appearances split between the Sixers and Rockets last season, including 15 as a starter while with Philly, McDaniels averaged 7.9 points, 3.2 rebounds, and 1.2 assists in 21.8 minutes per contest. His slash line was .396/.287/.752. McDaniels is a solid perimeter defender, and his skillset and upside are a tantalizing combination, which makes it a bit surprising that he hasn’t garnered more interest this offseason. That’s likely due to the fear that Houston would match any reasonable offer, but that’s merely my speculation.

Southwest Notes: Mavs, Williams, Calathes

July 15th, 2015 at 1:17pm CST by Chuck Myron

Mavericks owner Mark Cuban spoke Tuesday with Clippers owner Steve Ballmer and “it started off more than a little frigid,” as Cuban recounted via Cyber Dust, his social media app, and as the Dallas Morning News relays. That’s not surprising, given the DeAndre Jordan saga, but Cuban said he and Ballmer cleared the air.

“I told him exactly what I told other owners, I didn’t have a problem with his hail Mary approach to keeping a player,” Cuban wrote. “I understood why they did it. And even how they did it. They got their player back. End of story.”

Cuban said he doesn’t have a problem with the July Moratorium, which seemingly helped facilitate Jordan’s reversal, but even if he did, the moratorium doesn’t look like it’s going away anytime soon. Here’s more from around the Southwest:

Deron Williams‘ two-year deal with the Mavs is worth $10MM and includes a player option, according to Marc Stein of ESPN.com (Twitter link).
The clock appears to be ticking on an NBA future for Grizzlies restricted free agent Nick Calathes. The point guard denied to Ronald Tillery of The Commercial Appeal that he has signed with Panathinaikos of Greece, but he’ll commit to that team if he doesn’t find an NBA deal today, according to David Pick of Eurobasket.com (Twitter link). Calathes is drawing NBA interest, but he’s hesitant to continue as a backup, Pick hears. The Mavericks have reportedly contacted him, though that was two weeks ago. Memphis has the power to match all competing bids from NBA teams, but not from overseas clubs.
Panathinaikos is close to a deal with center Nikola Milutinov, this year’s 26th overall pick, Sportando’s Enea Trapani writes. Regardless, Milutinov won’t soon be joining the Spurs, the team that drafted him, as San Antonio has informed the NBA that it won’t sign him or 2013 No. 28 pick Livio Jean-Charles during 2015/16, allowing San Antonio to remove their cap hits, notes Eric Pincus of Basketball Insiders (Twitter links).
The Rockets reportedly had hopes of signing draft-and-stash prospect Marko Todorovic this summer, but that won’t be happening, as the big man has signed a three-year deal with Khimki Moscow, the Russian club announced (Twitter link; hat tip to Sportando’s Emiliano Carchia).
Spurs GM R.C. Buford said he and the front office didn’t think that they would have been able to snag Ray McCallum if he’d have been a free agent on the open market, so they were pleased to pull off the trade with the Kings that brought him in, as Dan McCarney of the San Antonio Express-News chronicles. McCallum, who’s excited about the deal, earned a $200K partial guarantee on his salary when the Spurs didn’t waive him Sunday.
A $390,089 sliver of Houston’s Jeremy Lin trade exception expired Monday, though it was essentially too small to use. The Rockets had already used the majority of the exception, once worth $8,374,646, to trade for Corey Brewer and Alexey Shved in December.
Brewer’s new three-year deal with the Rockets is worth precisely $23,420,913, as Eric Pincus of Basketball Insiders shows.