Houston Rockets Rumors | Hoops Rumors

Chandler Parsons To Join Mavericks

July 13th, 2014 at 8:00pm CST by Zachary Links

8:00pm: Sign-and-trade talks between the two sides have ended without a deal, sources tell Marc Stein of ESPN.com (on Twitter).

6:25pm: The Rockets and Mavericks have expressed a willingness to try and hammer out a sign-and-trade deal, but it’s not clear if the league will allow them to do so, tweets Marc Stein of ESPN.com.

4:59pm: The Rockets have decided not to match the offer sheet Chandler Parsons signed with the Mavericks, tweets Jonathan Feigen of the Houston Chronicle. Parsons will now earn more than $46,084,500 over the next three seasons with Dallas, a figure slightly less than the maximum he could have received in an offer sheet over that timeframe.

The Rockets were hoping to land free agent Chris Bosh and also match the Mavs’ offer sheet for Parsons. However, when Bosh surprised Houston by returning to Miami, the Rockets decided to spend their money elsewhere.

Parsons will earn $14.7MM next season, $15.36MM in 2015/16 and $16.02MM in 2016/17 for a total of $46.08MM over three years. The third and final year of the deal includes a player option.

Houston chose to decline the extremely reasonable $960K team option for Parsons this season in a move that preserved their right to match offers for the third-year forward in restricted free agency rather than see him become an unrestricted free agent next summer.

Cavs Nearing Deal With Mike Miller

July 13th, 2014 at 3:12pm CST by Chuck Myron

SUNDAY, 3:12pm: Miller is a possibility for the Mavs or Rockets, depending on which club doesn’t get Chandler Parsons, tweets Jeff Goodman of ESPN.com.

SATURDAY, 6:40pm: The Cavs and Miller are now making progress on a contract, tweets Brian Windhorst of ESPN.com.

9:56am: Sam Amick of USA Today tweets that the Cavs are not yet close to a deal with Miller, and have only had cursory conversations at this point.

12:33am: The Cavs are closing in on a deal with Miller, tweets Sam Amico of Fox Sports Ohio. Miller on Friday cut off talks with the Nuggets, with whom he was reportedly close to a deal earlier this week, and had the Grizzlies tell him they were ending their pursuit.

WEDNESDAY, 3:27pm: Miller’s price is shooting up, with the Grizzlies, Thunder and Nuggets all in the race along with the Cavs, according to Wojnarowski (Twitter link). He’s in line for salaries of $4-4.5MM, Wojnarowski adds.

11:22am: James reached out to a pair of free agents about joining him on a team if he were to leave the Heat, and Miller was one of them, tweets Adrian Wojnarowski of Yahoo! Sports. Miller can’t sign with the Heat, since his amnestied contract would have run through next season, and teams are barred from re-signing the players they amnesty while their old contracts would still have been in effect.

10:52am: The Cavs are in pursuit of free agent Mike Miller, sources tell Sam Amico of Fox Sports Ohio (Twitter link). It seems like the latest move in the team’s efforts to land LeBron James, after this morning’s trade to clear max cap flexibility and news of the team’s attempts to sign Ray Allen. Cleveland is also making a run at James Jones, a longtime member of the Heat and a favorite of LeBron’s, TNT’s David Aldridge tweets.

Cleveland reportedly considered claiming Miller off amnesty waivers last summer, but he wound up clearing those waivers and signing with the Grizzlies as a free agent, as Miller apparently gave signals he wouldn’t want to play in Cleveland. It’s not clear whether the chance to reunite with LeBron James, should the four-time MVP sign with Cleveland, would persuade Miller to reconsider a move to the Cavs. The Clippers, Nuggets, Rockets, Thunder and Grizzlies are all reportedly in the mix for Miller, and while a report last week indicating that Memphis believed it was losing a bidding war for the Arn Tellem client also said that Miller would make his decision soon, he remains on the market.

Jones, 33, was little-used the past three seasons, though he did emerge as a rotation player for a time during the postseason for the Heat this past spring. The Miami native is likely in line for a minimum-salary deal wherever he ends up.

And-Ones: Monroe, Celtics, Siva, Anthony

July 13th, 2014 at 12:40pm CST by Eddie Scarito

There is a possibility that restricted free agent Greg Monroe is avoiding signing any offer sheets in order to force a sign-and-trade deal out of Detroit, writes David Mayo of MLive. If Monroe never signs an offer sheet, the Pistons have nothing to match, and his agent David Falk could attempt to force a sign-and-trade to a preferred destination or advise Monroe to sign a qualifying offer which would then make Monroe an unrestricted free agent in 2015, notes Mayo.

Here’s more from around the league:

The Celtics best bet is to hold off on making any big moves until the summer of 2015, writes Chris Forsberg of ESPNBoston.com. In the piece, Forsberg breaks down Boston’s salary cap for the next two summers and weighs in on what moves the team could make.
If the Rockets match the offer sheet that Chandler Parsons signed with the Mavericks, this won’t leave Dallas with many options at small forward, writes Tim MacMahon of ESPNDallas.com. If the Mavs miss out on Parsons, look for them to make a run at Lance Stephenson, notes MacMahon.
The Mavericks have a history of losing out on restricted free agents, MacMahon writes in a separate article.
Carmelo Anthony‘s impending return to the Knicks was about business for both sides, not sentiment, writes Mike Vaccaro of The New York Post.
Anthony’s return to the Knicks signifies he’s more concerned about being paid than he is about winning, though that shouldn’t necessarily make him an object of scorn, writes J.A. Adande of ESPN.com
Peyton Siva’s non-guaranteed minimum salary contract became fully guaranteed for the coming season when he remained on the Pistons roster through Saturday.
The Hornets and the Mavericks are showing interest in free agent guard D.J. Augustin, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link).

Lakers Acquire Jeremy Lin

July 13th, 2014 at 12:22pm CST by Chuck Myron

SUNDAY, 12:22pm: The trade is now official the Lakers have announced via their website. Los Angeles will receive Lin, plus Houston’s first-round pick in 2015, and the 2015 second-round pick that the Rockets had acquired from the Clippers. The Rockets in turn receive the rights to Sergei Lishchuk.

FRIDAY, 1:59pm: The Rockets and Lakers have reached agreement on a deal that sends Jeremy Lin to the Lakers, reports Jeff Goodman of ESPN.com (Twitter link). Adrian Wojnarowski of Yahoo! Sports reported earlier that the teams were finalizing such a deal, while Marc Stein of ESPN.com broke the story about the talks. A future first-round pick is also headed to the Lakers, Goodman confirms, while Wojnarowski’s previous reporting indicated other draft considerations will go from Houston to the Lakers, too. The Lakers will send out cash and the rights to a draft-and-stash prospect who’s playing overseas, Wojnarowski also reported, but no salary will go Houston’s way, helping clear room for Chris Bosh, who’s nearing a commitment to the Rockets.

The first-rounder headed to the Lakers is Houston’s 2015 pick, tweets Mike Bresnahan of the Los Angeles Times. It’ll include protections, and the Rockets will also send a second-rounder the Lakers’ way, according to Jonathan Feigen of the Houston Chronicle (Twitter link).

The deal indicates that the Lakers are ready to move forward and focus on next summer’s free agent group, since they’re committing nearly $8.4MM of their cap space to Lin. They missed out on LeBron James, and while Carmelo Anthony reportedly hasn’t told the Lakers they’re out of the running for him, another report indicates that ‘Melo has narrowed his choice to the Knicks and Bulls.

Western Notes: Pelicans, Parsons, Grunwald

July 12th, 2014 at 6:03pm CST by Cray Allred

The Thunder lost a valuable weapon Friday with the expiration of a $6.5MM trade exception left over from last year’s sign-and-trade of Kevin Martin to the Wolves. The Thunder had hoped to use the exception to acquire Pau Gasol, and today lost out on the big man, report Marc Stein and Ramona Shelburne of ESPN.com. Here’s more from out West:

The Warriors had considered using their own expired trade exception to acquire Brandon Bass, among other players, reports Zach Lowe of Grantland.
The Pelicans renounced their rights to Al-Farouq Aminu, Jason Smith and James Southerland, tweets Mark Deeks of ShamSports. That means they no longer hold any form of Bird rights on the trio.
The Suns also renounced Emeka Okafor‘s rights in a move that will erase his $19.2MM cap hold from Phoenix’s books, Deeks reports in a separate tweet.
Sources tell Marc Stein of ESPN.com (via Tim MacMahon of ESPN.com) that although the Rockets just snagged small forward Trevor Ariza, Houston is still deciding whether to match Chandler Parsons‘ max offer sheet with the Mavs.
The Grizzlies have been talking up Glen Grunwald as a candidate for their GM-in-waiting search, Mitch Lawrence of New York Daily News reports. Lawrence expects Memphis to hire Grunwald for the job.

Chuck Myron contributed to this post.

Rockets To Sign Trevor Ariza

July 12th, 2014 at 4:30pm CST by Charlie Adams

The Rockets and Trevor Ariza have agreed on a four-year, $32MM deal that will bring the sharpshooting small forward to Houston, tweets Sam Amick of USA Today. A number of teams were rumored to be interested in Ariza’s services, but the Rockets beat them out on a deal that will still provide them enough flexibility to match the Mavericks’ offer sheet that was presented to Chandler Parsons, should they choose to do so.

Ariza’s contract is structured on a declining scale, a source tells Adrian Wojnarowski of Yahoo! Sports (Twitter link). He will earn $8.6MM this season, and $8.2MM, $7.8MM, $7.4MM, in the following years. The price figure doesn’t prohibit the Rockets from bringing back Parsons, but it’s seemingly unlikely, given that both Ariza and Parsons play small forward. Ariza could potentially be used as a stretch four alongside Dwight Howard, but such a scenario would only be necessary if Houston brings back Parsons.

In 77 games with the Wizards last season, the Rob Pelinka client averaged 14.4 points and 6.2 rebounds per night. He shot 40.7% from beyond the arc, well above his career mark of 34.7%. Ariza, 29, played in Houston during the 2009/10 season. He’ll likely be in line to start for the Rockets, provided the team chooses not to match the Mavs’ offer sheet on Parsons.

Ariza’s departure is a major loss for the Wizards, who worked to secure the return of Ariza and fellow free agent Marcin Gortat. They were able to do so rather quickly with Gortat, reportedly the higher priority of the two, but Ariza was determined to shop the open market. The Wizards, with Martell Webster out perhaps until New Year’s Day after undergoing back surgery, will either have to turn the small forward position over to 2013 No. 3 overall pick Otto Porter or push to find another option on the market.

Pau Gasol, Bulls Close To Agreement

July 12th, 2014 at 4:28pm CST by Cray Allred

4:28pm: Gasol is close to joining the Bulls, but it won’t be through a sign-and-trade, tweets Brian Windhorst of ESPN.

3:23pm: Dunleavy won’t be included in any sign-and-trade for Gasol, tweets Wojnarowski. Jonathan Feigen of the Houston Chronicle hears the Rockets’ most likely role in the suggested deal would be to take on expiring contracts (Twitter link).

3:04pm: The Lakers appear to be in line to get “one or two picks” in a sign-and-trade for Gasol, writes Mike Bresnahan of the Los Angeles Times (on Twitter), who adds that Houston might be involved in the deal in some fashion as well.

10:30am: The sign-and-trade discussions with the Lakers have involved sending Dunleavy and the non-guaranteed contracts of Mike James, Louis Amundson, and Ronnie Brewer to Los Angeles for Gasol, reports K.C. Johnson of The Chicago Tribune. The possibility remains that the Bulls could work out agreements to acquire both Gasol and Anthony, but appears increasingly slim, per Johnson.

10:24am: A deal should be complete today, tweets David Aldridge of NBA.com. The mechanics of the deal, along with the ultimate implications for Chicago’s pursuit of ‘Melo, are still unknown.

8:12am: Free agent Pau Gasol is working with the Bulls on completing an agreement, league sources tell Adrian Wojnarowski of Yahoo! Sports (Twitter link), confirming an earlier report from Spanish newspaper Marca.com. The deal would rely on the Lakers agreeing to a sign-and-trade with Chicago, and sources tell Marc Stein and Ramona Shelburne of ESPN.com that Los Angeles is holding out for draft compensation to participate in such a deal. LA received a future first-round pick in Friday’s agreement to acquire Jeremy Lin, and the ESPN duo’s sources say the Lakers are looking for the same in exchange for paving Gasol’s path to Chicago.

If the Bulls can’t work out a sign-and-trade for Gasol’s services, the Spurs are still poised as front-runners to acquire the skilled big man, per Stein and Shelburne. The talks indicate that the Bulls have lost optimism of signing Carmelo Anthony, despite reports that they are the Knicks’ only competitor to land the New York free agent, and that the Lakers are resigned to losing Gasol after having several contract offers rejected by him. The Thunder and Knicks are both likely out of the running for Gasol, the ESPN scribes write.

The Bulls have been hoping to find a willing partner to take back the final year of Carlos Boozer‘s contract rather than amnesty him, and Eric Pincus of Basketball Insiders has tweeted out his cap calculations that show a Gasol deal including Boozer is possible, albeit complicated (Twitter links). Pincus also identifies Mike Dunleavy‘s contract as a piece that would make the deal work.

Rockets Rumors: Parsons, Deng, Ariza, Pierce

July 12th, 2014 at 11:12am CST by Cray Allred

After striking out on signing Chris Bosh, the Rockets are in scramble mode, writes Jonathan Feigen of The Houston Chronicle. Houston might have some major rebuilding to do after shipping out Jeremy Lin in a cap-clearing move, and Omer Asik is still set to depart as soon as the Pelicans create room to finalize that separate agreement. Here’s the latest on Houston’s latest turbulence, including more from Feigen’s article:

The Rockets have been in contact with free agent small forwards Luol Deng and Trevor Ariza, a sign that they are considering alternatives to matching the Mavs offer sheet signed by Chandler Parsons, writes Feigen. Houston was prepared to pay Parsons a max salary as a piece in a premier lineup featuring Bosh, but is less eager to do so now.
Paul Pierce recently showed interest in joining the Rockets, although Feigen is unsure if that interest was contingent on Houston obtaining Bosh.
The talks with Deng and Ariza were described as “advanced” by Tim MacMahon of ESPNDallas.com (on Twitter). McMahon considers the development a good sign for Dallas’ hopes of acquiring Parsons, but notes that nothing is yet certain.
However, Houston appears out of the running for Deng, according to Marc Stein of ESPN.com (Twitter link). Stein says the Rockets are “still in the hunt” for Ariza.
The Rockets have joined the Heat, Cavs, and Mavs in pursuit of Chris Andersen, tweets Jared Zwerling of Bleacher Report.
Earlier, we passed along news that the Rockets have reached a snag in contract negotiations with No. 25 pick Clint Capela.

Clint Capela, Rockets In Contract Dispute

July 12th, 2014 at 9:19am CST by Cray Allred

Clint Capela and the Rockets, who selected him at No. 25 in this year’s draft, are at a “minor impasse” in contract negotiations, league sources tell Chris Haynes of CSNNW.com. The friction stems from Houston’s initial insistence that the big man remain overseas for another year, while Capela’s representatives were pushing for him to join the NBA club immediately.

The rookie scale for player contracts limits just how far apart the sides could be in salary discussions, as the Rockets are required by the CBA to pay between 80%-120% of the $991,000 amount slotted for the 25th pick. Teams typically pay the full 120%. Haynes adds that there is also disagreement over who will pay what portion of his $500K buyout with his current French team in order to bring him stateside.

Until recently, the Rockets have been on a long march toward clearing as much cap space as possible to make room for prime free agents LeBron James, Carmelo Anthony, or Chris Bosh, and stashing Capela overseas would have kept additional salary off their books for the 2014/15 season. However, the Rockets primary targets have chosen other teams, assuming Anthony doesn’t revisit the possibility of joining Houston over the Knicks or Bulls. The Rockets dangled the No. 25 pick in trade talks before selecting Capela, and other teams have shown interest since in acquiring the Swiss big, although there have been no reports of Houston being willing to move him.

And-Ones: Wizards, Trade Exceptions, Booker

July 11th, 2014 at 11:42pm CST by Eddie Scarito

The NBA issued a memo this week establishing that teams that trade coaches or other non-playing personnel are not allowed to make any other trades for one calendar year or until the coach or executive’s contract would have expired, whichever is earlier, notes Mark Deeks of ShamSports. The memo also issues guidelines that make it more difficult for teams to dump salary in trades, as Deeks explains.