Where The Dwight Howard Situation Stands

Reports of last night's meeting between Dwight Howard and the Orlando Magic brass provided the latest twist in what has become an increasingly prolonged saga. According to Jarrod Rudolph of RealGM, Adrian Wojnarowski of Yahoo! Sports, and others, Howard reiterated his trade request and told GM Rob Hennigan and other Magic execs that he has no intention of signing another contract with the Magic, even if it means giving up about $25MM+ in guaranteed money on his next deal.

Howard would reportedly accept a trade to the Lakers in the short-term, would like to be dealt to the Nets in the longer-term, and would be interested in signing with the Mavericks next summer. But which team is the frontrunner to have D12 on its roster a year from now? Let's run through a few of the possibilities, breaking down what would have to happen for Howard to end up with each team:

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Rockets Sign Lamb, White, Jones

The Rockets have officially signed first-round picks Jeremy Lamb, Royce White and Terrence Jones to rookie contracts, according to a team release. 

Lamb, 20, was selected 12th overall by Houston after starring at UConn in the backcourt. Named an NBA Summer League All-Star, Lamb led the Rockets in scoring with 20.0 PPG. After winning an NCAA championship with the Huskies during his freshman year, Lamb finished his career at UConn by being one of only six players to score 1000 points by the end of his sophomore year. 

White, a 21-year-old forward from Iowa State, was drafted 16th overall by the Rockets. In his lone season with the Cyclones, White led the team in scoring, rebounding, assists, blocks and steals, making him the only player in the country to be able to claim such a distinction. The big man averaged 8.4 PPG, 7.2 RPG and 3.6 APG during the NBA Summer League.

Jones, 20, brings championship experience to Houston as he helped lead Kentucky to a title this past spring. The forward averaged 14.0 PPG, 8.0 RPG and 1.8 BPG in 76 games over his two seasons with the Wildcats. Jones is off to a strong start for the Rockets as he scored 18.2 PPG and grabbed 8.6 RPG during the 2012 NBA Summer League.

Teams That Lost Traded Player Exceptions

To hang onto a traded player exception, a team is required to keep its salary commitments above the $58.044MM cap line. The moment a club uses room under the cap to sign a player, any trade exceptions it previously owned are lost, along with the the team's full mid-level and bi-annual exceptions for that season.

As free agents signed new deals this month, a number of clubs that owned traded player exceptions fell below the cap, renouncing those exceptions. Most notably, the Mavericks lost four trade exceptions, including the $8.9MM TPE they obtained when they sent Lamar Odom to the Clippers last month.

Here's a complete list of the traded player exceptions that were lost without expiring or being used this month. The traded player that initially created the exception appears in parentheses:

You can find our full list of still-existing traded player exceptions right here, or read more on how exactly they work in our glossary entry.

Sham Sports was used in the creation of this post.

Latest On Dwight Howard, Andrew Bynum

9:43pm: SI.com's Chris Mannix suggests the Magic, who league executives believe are determined not to cave into Howard's demands, may prefer to wait to make a move until after January 15th, when trading for Brook Lopez once again becomes a possibility. That would give the Magic a chance to see how Lopez has healed from his broken foot, Mannix says. 

8:59pm: The Magic didn't really try to convince Howard to stay in today's meeting, as Hennigan simply saw it as an opportunity to build trust, Josh Robbins of the Orlando Sentinel reports. Hennigan and the other Magic officials didn't talk to Howard about their head coaching search, Robbins adds. (Twitter links). The Magic expected Howard to reiterate his trade demands, however, and the team isn't deterred from its plan, ESPN.com's Chris Broussard reports via Ramona Shelburne (Twitter link). 

8:41pm: Jarrod Rudolph of RealGM.com has details on the meeting between Howard and Hennigan, reporting that Hennigan, just hired this summer to replace Otis Smith, expressed a desire to get to know D12, while Howard wanted to see his plan for improving the team and was disappointed not to find out about it during the hour-long meeting. Hennigan told Howard he didn't have any trade in the works and wasn't sure how to respond to what Howard was telling him. Other teams are getting frustrated with the Magic's half-hearted attempts to trade Howard, and Wojnarowski reports the Magic are looking for strong package in return, similar to what the Nuggets got for Carmelo Anthony (Twitter link).

8:29pm: The Mavs are the "overwhelming favorite" to sign Howard if he winds up in free agency next summer, Wojnarowski hears, adding that Howard's camp has consistently warned the Rockets not to trade for him, with the threat of moving to their in-state rivals (Twitter links).

8:26pm: Chris Mannix of SI.com hears Howard would be open to re-signing with the Lakers after the season (Twitter link). Howard expressed his curiousity to Hennigan about why the Magic didn't make a trade while other stars, like Joe Johnson and Steve Nash, were on the move, Wojnarowski tweets.   

8:19pm: Dwight Howard, in his meeting with Magic GM Rob Hennigan and Magic officials, gave the team three options: an immediate trade to the Lakers, a midseason trade to the Nets, or a clean break next summer, Jarrod Rudolph of RealGM tweets

Meanwhile, Lakers GM Mitch Kupchak has left the door open to trading for Dwight Howard, writes Ramona Shelburne of ESPNLosAngeles.com. Shelburne hears the Lakers' stance hasn't changed, as they still believe a year with the Lakers would convince Howard to re-sign with the team next summer even if he's unwilling to make a long-term commitment to the team now. Still, the Lakers are unwilling to take on other lucrative deals the Magic want to include in a Howard trade. Shelburne also reports that Andrew Bynum's agent, David Lee, says he has not spoken with Kupchak about an extension for his client, refuting Kupchak's comments to the contrary.

Adrian Wojnarowski of Yahoo! Sports hears that the fact the Magic have waited so long to pull the trigger on a deal has hurt their offers (Twitter link).

7:55pm: Howard reiterated to Hennigan tonight that he doesn't want to stay in Orlando, and said he'll leave as a free agent next summer if the Magic refuse to trade him, Jarrod Rudolph of RealGM.com reports. Still, Hennigan is in no rush to move Howard without "acceptable compensation" in return (All four Twitter links).

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Rockets Sign White, Jones, Lamb

4:03pm: Jeremy Lamb has also signed his rookie deal, according to Mark Berman of FOX 26 Houston (Twitter link). Assuming he signed for the full 120%, the 12th overall pick will earn $2,020,200 in his rookie season.

3:46pm: A pair of Rockets first-round picks, Royce White and Terrence Jones, have signed their rookie contracts, according to Jonathan Feigen of the Houston Chronicle (via Twitter). The team's other first-rounder, Jeremy Lamb, is expected to sign in the coming days.

With Houston exploring a variety of roster moves this offseason, including trying to trade for Dwight Howard, it made sense that the team's three first-round picks had yet to sign. Now that White's and Jones' deals are official, their first-year salaries will officially show up among Houston's 2012/13 commitments. As the 16th and 18th overall picks, White and Jones will likely be in line for salaries of $1,645,440 and $1,485,000, respectively.

The two rookies are also ineligible to be traded for 30 days now, though if the Rockets wanted to include them in a deal for Howard or another player, the team could reach an agreement and then finalize the deal after that 30-day period.

Rockets Sign Omer Asik

2:48pm: The Rockets have officially added Asik, the team announced in a press release.

11:58am: The Bulls have officially declined to match Asik's offer sheet with the Rockets, tweets Nick Friedell of ESPNChicago.com. As a result, Houston will land Asik for three years and $25.1MM. Like Jeremy Lin's contract was, Asik's cap hit will be spread evenly across the three years, rather than being severely backloaded.

JULY 24TH, 11:27am: The Bulls will officially announce later today that they won't be matching Asik's offer sheet, says K.C. Johnson of the Chicago Tribune.

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Free Agent Rumors: Landry, Thomas, Mason

A few more free agents have come off the board today, as A.J. Price and Pablo Prigioni finalized deals with the Wizards and Knicks respectively, while Ronnie Brewer was among the players to agree to a new contract, reaching a deal with the Knicks. With a number of available players still on the market though, here's a round-up of a few of the day's assorted free agent rumors:

  • The Hornets have renounced Carl Landry's Bird Rights, making a sign-and-trade difficult to work out, writes Eric Pincus of HoopsWorld. The Bobcats were interested in a sign-and-trade deal for Landry, but New Orleans would need to get back under the cap to have room to make it work.
  • Malcolm Thomas, who was named to the All-Summer League team, is drawing interest from a number of teams, including the Clippers, Bulls, Hawks, and Bobcats, tweets Marc J. Spears of Yahoo! Sports.
  • Former Lakers second-rounder Patrick Beverley is seeking an NBA job, having worked out for the Bulls, Cavs, and Rockets this offseason. Agent Kevin Bradbury tells Scott Powers of ESPNChicago.com that he thinks his client would be a good fit in Chicago: "He plays defense and does what’s asked of him. He fits the Bulls’ system. I think that’s intriguing for the Bulls. He really respects [Tom Thibodeau]."
  • The Wizards have interest in bringing back Roger Mason, but Mason isn't looking to sign a one-year, minimum-salary deal, says Michael Lee of the Washington Post. The veteran guard has also received interest from the Thunder, Hornets, Bulls, and Lakers.

Odds & Ends: Lin, Bulls, Cavs, Nuggets

The craze of Linsanity dominated the pages of Hoops Rumors for several months and extended into the offseason, where the Rockets unexpectedly managed to pry Jeremy Lin away from the Knicks.  Lin admitted to Marcus Thompson II of the Bay Area News Group that in some ways, the hoopla went to his head.  However, Lin believes that he is now well-equipped to deal with the hype and isn't concerned about living up to it in Houston.  Here's a look at tonight's news from around the Association..

Bulls Notes: Rose, Asik, Belinelli, Gibson

In his latest piece for the Chicago Tribune, K.C. Johnson recalls a statement Bulls GM Gar Forman made less than a month ago, on draft night: "Our decisions this summer will be basketball decisions, not financial decisions." Based on the Bulls' moves so far this offseason, particularly with the team on the verge of losing Omer Asik and getting nothing in return, it's hard to argue that finances haven't been strongly considered, as Johnson writes. Here are a few Bulls-related updates from his column:

  • Derrick Rose will "likely" be out until March, according to Johnson. We'd heard before that Rose probably wouldn't be back until the new year, but if the March ETA is accurate, that would mean the star point guard would miss most of the regular season.
  • The Bulls still plan to clear major cap space for the summer of 2014 to be a player on the free agent market. Luol Deng's contract will expire that summer, and Carlos Boozer will likely be amnestied by then, leaving Rose and Joakim Noah as the only big investments left on the team's books. If Chicago is hoping to clear enough space for a maximum-salary player that summer, it's a little easier to understand why the club wouldn't want Asik's $14.9MM salary for 2014/15.
  • Speaking of Asik, the Bulls still haven't officially informed the Rockets of their decision on the center's offer sheet, but league sources tell Johnson that Rockets management believes Houston will land Asik.
  • The Bulls "appear close" to signing Marco Belinelli, as we heard on Friday. As Johnson points out, spending the bi-annual exception on Belinelli would hard-cap the Bulls at about $74.3MM this season, and with payroll already approaching that figure, I'd be surprised if the team imposed that kind of inflexibility on itself. We'll see if the Bulls can land Belinelli for the veteran's minimum instead.
  • Extension negotiations for Taj Gibson are "next on the docket" for Chicago, says Johnson.
  • Johnson adds that one factor to watch this year as the Bulls weigh "basketball decisions" and "financial decisions" is whether the team spends the $5MM trade exception acquired in the Kyle Korver deal.

Poll: Should Bulls Match Asik’s Offer Sheet?

Earlier today, it was reported that the Bulls are expected to pass on matching the three-year, $25.1MM offer sheet that Omer Asik signed with Rockets.  Houston managed to land the restricted free agent with a gameplan eerily similar to the one they used to ink Jeremy Lin.  While the Bulls made it known publicly that they planned on matching any offer, it turns out that the hefty, backloaded deal was too rich for their blood.

Are the Bulls making a mistake by letting the 7'0" center walk?  Mark Potash of the Chicago Tribune certainly doesn't think so.  Potash writes that the $15MM cap hit that Asik would carry in the final year of the contract would loom over the team and simply wouldn't be worth it for a player who is as offensively challenged as Asik.  While the Turkish big man shines in the low post defensively, he averaged just 3.1 PPG in 14.7 minutes per contest which would translate to 7.6 PPG per 36 minutes.  Of course, it's hard to imagine Asik seeing that much playing time as he is firmly entrenched as a member of the club's second unit.

Still, even Potash admits that Asik's presence will be missed when the Bulls go head-to-head with the Heat.  And while the Bulls found a suitable backup in Nazr Mohammed, it's hard to imagine the club getting similar output from him.  It's your turn to weigh in – are the Bulls making a mistake in letting Asik go?

 

Should The Bulls Match Asik's Offer Sheet?
No 88.50% (1,654 votes)
Yes 11.50% (215 votes)
Total Votes: 1,869
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