Lakers Acquire Jeremy Lin
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
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
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
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
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
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
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.
More from around the league:
- Trade exceptions for four teams expired at the end of Thursday, the largest of which was one the Warriors held that was worth more than $9.8MM, as we noted earlier. The Clippers watched one worth more than $2.6MM expire, the Nuggets lost one worth nearly $2.4MM, and the Raptors saw one worth more than $1.2MM extinguished.
- The Wizards are waiting on Houston’s move in regards to Chandler Parsons offer sheet which will impact the Rockets‘ pursuit of free agent Trevor Ariza, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link).
- The Wizards continue to push for a deal with Trevor Ariza, but he wants to hear from the Mavs before moving forward with Washington, TNT’s David Aldridge tweets.
- The Knicks have continued to show interest in Wizards free agent power forward Trevor Booker, tweets Marc Berman of the New York Post.
- The Cavaliers are in talks with free agent center Chris Andersen, tweets Sam Amico of Fox Sports Ohio.
Chuck Myron contributed to this post.
Mike Miller Halts Talks With Nuggets
10:11pm: The Grizzlies have informed Miller that the team will be going in another direction and won’t be bringing him back, Miller announced via his twitter account.
4:23pm: James reached out to Miller again today, and Cavs officials have done so, too, reports Jeff Goodman of ESPN.com (Twitter link). Miller continues to consider the Nuggets, Thunder and Grizzlies, Goodman adds.
FRIDAY, 3:37pm: Miller has stopped negotiations with the Nuggets and is “exploring every option” that would allow him to join James in Cleveland, with the Cavs reportedly having been in pursuit.
WEDNESDAY, 8:06pm: Free agent Mike Miller is close to agreeing on a deal with the Nuggets, a source tells Chris Broussard of ESPN.com (Twitter link). The Grizzlies, Cavs, Thunder, Rockets, and Blazers have all shown interest in signing the sharpshooter this offseason. Miller was preparing to decide on his destination early in free agency, but met with Denver in recent days after being underwhelmed by the Grizzlies offer to retain him.
The Cavs were the most recent team to chase Miller in the hopes of enticing LeBron James to sign in Cleveland. James had reportedly reached out to Miller to pitch a reunion between the two if James were to leave the Heat in the coming days. There has been no report of Miller’s eagerness to rejoin James, so this news doesn’t shed any light on LeBron’s looming decision.
Whatever deal Miller signs will net him salary in addition to most of the $6.6MM owed to him by Miami from his amnestied contract that runs through next season. A multi-year deal for the 34-year-old would add financial security for the oft-injured shooting guard, and his projected role could also be a significant factor as he chooses his next team. The Nuggets are widely considered the least title-ready team of the teams pursuing him.
Cavs Trade Alonzo Gee To Pelicans
4:46pm: The deal is official, the Cavs announce. Gee goes to the Pelicans, and Cleveland will get the Clippers’ 2016 second-round pick, which New Orleans acquired in a previous trade, protected through pick No. 55. If it doesn’t fall within the final five selections in 2016, the Pelicans don’t owe the Cavs anything.
4:36pm: The Cavs will still acquire No. 45 overall pick Dwight Powell from Charlotte as part of a reworked Haywood deal, reports Rick Bonnell of the Charlotte Observer (Twitter link).
3:09pm: The Pelicans will waive Gee upon receiving him from the Cavs, according to Ken Berger of CBSSports.com (Twitter link).
2:57pm: The Cavs and Pelicans have struck agreement on a deal that sends Alonzo Gee to New Orleans, reports Brian Windhorst of ESPN.com (Twitter link). Marc Stein of ESPN.com first reported the teams were close to a deal, which nullifies the agreement that Cleveland had to send Gee to the Hornets for Brendan Haywood. Cleveland apparently still plans to acquire Haywood from Charlotte via other means, as Stein reported. A source also told Stein that Gee could wind up as part of the Pelicans’ deal with the Rockets to acquire Omer Asik,
Gee’s $3MM salary for this season is non-guaranteed, so it’s conceivable that the Pelicans envision waiving him to create the necessary cap flexibility to accommodate their deal for Asik, though that assumes New Orleans is giving up salary as part of the trade. The Cavs are reportedly still trying to clear room for a max contract for LeBron James, as Stein wrote earlier, and losing Gee, whose salary can be taken off the books, wouldn’t advance Cleveland toward that end unless other deals are in the works.
The 27-year-old Gee has been a part of the rotation for Cleveland for the better part of the last two seasons, and he started all 82 games in 2012/13. He mostly came off the bench this past season, averaging 4.0 points in 15.7 minutes per game.
Bosh Mulling Max Offers From Heat, Rockets
4:02pm: Miami has offered Bosh a deal for five seasons at the maximum salary in hopes of dissuading him from taking Houston’s four-year max offer, TNT’s David Aldridge reports (Twitter link). Only Miami can offer the fifth year.
3:52pm: The Heat are putting up a fight to keep Bosh, who’s set to make his decision today, Wojnarowski tweets.
1:55pm: Bosh will speak with Rockets coach Kevin McHale soon, and he’s nearing a commitment to the Rockets, Wojnarowski reports (on Twitter).
1:28pm: The Heat would target Patrick Beverley in sign-and-trade talks, according to Sean Deveney of The Sporting News (Twitter link).
1:10pm: The Rockets won’t reach out to the Heat about any sign-and-trade scenarios until they receive a firm commitment from Bosh, Wojnarowski tweets.
12:21pm: The Rockets believe that Bosh will commit to them soon, a source tells Marc Stein of ESPN.com.
12:03pm: Bosh and the Rockets are moving quickly toward securing a deal, Wojnarowski tweets, seemingly indicating that he’s headed to Houston. If they do reach agreement, the Rockets will match the Mavs’ offer sheet for Chandler Parsons, Wojnarowski hears, echoing an earlier report.
FRIDAY, 11:55am: In the wake of James’ decision to sign with the Cavs, Bosh hasn’t made up his mind about signing with Houston, tweets USA Today’s Sam Amick, though the Rockets believe they’ll have a commitment soon, a source tells Marc Stein of ESPN.com (Twitter link). The Rockets are moving quickly to complete a deal for Jeremy Lin to clear the necessary cap room for Bosh, according to Adrian Wojnarowski of Yahoo! Sports (on Twitter). They’ll also have to finalize their deal to send Omer Asik to the Pelicans, and the Pelicans are considering waiving Austin Rivers and using the stretch provision to clear cap space, as Grantland’s Zach Lowe tweets, since they still don’t have room for Asik.
THURSDAY, 7:54am: Bosh has yet to decide whether he’d sign with the Rockets, regardless of what happens with LeBron, agent Henry Thomas tells Mark Berman of Fox 26 Houston.
9:01pm: A source denies that any contingency plan is in place with Bosh and Houston, tweets David Aldridge of NBA.com.
6:57pm: Bosh’s intention would be to leave Miami for Houston if LeBron doesn’t re-sign with the Heat, league sources tell Wojnarowski. The Rockets are prepared to clear enough cap room to offer Bosh a four-year, $88MM contract per Wojnarowski’s sources, although it remains to be seen if Chandler Parsons‘ looming offer sheet signing with the Mavs adds a wrinkle to those plans.
WEDNESDAY, 2:49pm: The Rockets and Bosh’s camp are in talks today amid uncertainty over where LeBron will play next season, Wojnarowski tweets.
TUESDAY, 7:20am: Wojnarowski clarifies his report about Bosh’s desire to play in Miami, tweeting that while Bosh indeed prefers to play there, he’s still open to Houston’s offer.
MONDAY, 1:56pm: Bosh is waiting to find out what James is going to do, not the other way around, a source tells Ramona Shelburne of ESPNLosAngeles.com (Twitter link).
1:47pm: Bosh spoke with the Rockets this morning for the first time, Wojnarowski writes. He still prefers to remain with the Heat and play with James, but the Rockets would be Bosh’s top choice should he leave Miami, according to Wojnarowski adds.
1:10pm: Chris Bosh is considering a max offer from the Rockets, reports Chris Broussard of ESPN.com (Twitter link). Bosh received a lower offer from the Heat and spoke to LeBron James this weekend, Broussard adds.
Bosh’s camp and the Rockets had been continuing conversations today after Houston started making a strong push for the Henry Thomas client. Bosh hadn’t personally spoken with any Rockets officials as of last night, but it appears Houston is moving quickly on the sharpshooting big man. It also appears to indicate that the Rockets aren’t waiting around for either James or Carmelo Anthony to decide on their destinations. Perhaps they feel they’re out of the running for one or both of them, though that’s just my speculation.
The 30-year-old has expressed on multiple occasions that he’d like to remain in Miami, and he still prefers to play with James on the Heat next season, as Wojnarowski reported this morning. His conversation this weekend with James seems to have given Bosh the notion that James might not be back with the Heat next season.