Contract Details: Collison, Young, Hinrich
The difference between Darren Collison‘s first year salary and the $5.305MM mid-level exception is precisely equivalent to the rookie minimum salary, as Eric Pincus of Basketball Insiders points out (on Twitter). That allows the Kings to use that remaining portion of their mid-level to sign a rookie for three or four years rather than just the two that the minimum-salary exception would allow. Here’s a round up of the latest contract details to come to light this evening..
- Nick Young will make $4,994,420 this season and $21.3MM over the course of his four-year contract with Lakers, according to Pincus (on Twitter). Swaggy P’s new deal with the Lakers became official earlier today.
- Kirk Hinrich‘s new deal with the Bulls includes a 15% trade kicker, Pincus tweets. In 73 games (61 starts) last season for the Bulls, Hinrich averaged 9.1 PPG and 3.9 APG in 29 minutes per contest. Hinrich has put up a 10.8 PER over the last two seasons, a far cry from the 17.0 PER he put up in his best season for the Bulls (2006-07).
- The third and final year of Kris Humphries‘ contract with the Wizards is non-guaranteed, tweets Pincus. It was previously unclear whether that third year was non-guaranteed or simply a team option.
- Marc Stein of ESPN.com (on Twitter) has the goods on Ryan Kelly‘s two-year deal with the Lakers. Kelly will earn $1.65MM in 2014/15 and ~$1.72MM in 2015/16.
- Trevor Booker‘s deal with the Jazz has just $250K guaranteed in year two, Pincus tweets. It was previously reported that the second season on Booker’s deal was not fully guaranteed.
Chuck Myron contributed to this post.
Lakers Sign Ryan Kelly
MONDAY, 4:12pm: Kelly’s deal is now official, according to a tweet from the Lakers’ official account.
FRIDAY, 10:40pm: Mark Medina of Los Angeles Daily News tweets that the deal is for two years with no options.
9:37pm: The Lakers have reached an agreement with Ryan Kelly, tweets Mike Bresnahan of The Los Angeles Times. Terms of the deal are unknown, and Bresnahan guesses it’s a one or two year arrangement in a separate tweet. Kelly was a restricted agent, and the team was reportedly working on a deal aside from the $1MM qualifying offer extended to him at the beginning of free agency.
Kelly will join Wesley Johnson and Xavier Henry in returning to Los Angeles as probable reserves that saw heavy minutes for an injury-depleted Lakers squad last season. Kelly was selected by the Lakers with the 48th pick in the 2013 draft, and excelled in the D-League before getting the opportunity to play NBA minutes as a rotation piece, even starting 25 games.
The Octagon Sports client hoped to return to the Lakers, and believed the interest to be mutual. The 23-year-old averaged 8.0 PPG and 3.7 RPG with a slash line of .423/.338/.815 as a rookie stretch-four.
Lakers Re-Sign Nick Young
JULY 21ST: Young and the Lakers have made the deal official, the team announced via Twitter.
JULY 12TH, 1:04pm: The Lakers will refrain from signing Young until after the sign-and-trade for Pau Gasol is completed, tweets Marc Stein of ESPN.com.
JULY 11TH, 4:40pm: Free agent Nick Young has agreed to re-sign with the Lakers, reports Jeff Goodman of ESPN.com (Twitter link). It’ll be a four-year, $21.5MM deal with a player option in the fourth season, according to Shams Charania of RealGM (Twitter links).
The deal seems like a strong indication that the Lakers have abandoned hope of signing Carmelo Anthony, since they’ll have to use cap space on Young. They had Young’s Non-Bird rights, which only provided for a 20% raise on last year’s salary of slightly more than $1.1MM.
In spite of the hefty raise, agent Mark Bartelstein says Young passed on more lucrative offers to re-sign, as he tells Mike Bresnahan of the Los Angeles Times (Twitter link).
Photo courtesy of USA Today Sports Images.
Bucks Claim Kendall Marshall
SUNDAY, 6:17pm: Marshall to the Bucks is now official, according to Charles F. Gardner of the Journal Sentinel (on Twitter).
SATURDAY, 6:03pm: The Bucks intend to put in a waiver claim for Kendall Marshall, reports Marc Stein of ESPN.com (Twittter link). Milwaukee is looking to add passers and backcourt upgrades, tweets Stein, and Marshall will join newly acquired Jerryd Bayless in filling those needs.
Marshall was waived by the Lakers on Friday as the team attempted to clear cap space. Los Angeles had hoped to re-sign the 22 year-old point guard out of North Carolina, but it appears that Milwaukee will put a damper on those plans if they do in fact place a waiver claim on Marshall during the two-day waiver period.
After being considered a bust by the Suns, Marshall revived his career last season when he averaged 8.0 PPG, 2.9 RPG, and 8.8 APG while playing 29 minutes per game. His slash line was .396/.372/.540.
And-Ones: Wiggins, Allen, Brooks
Kobe Bryant told reporters including Ramona Shelburne of ESPN.com that he was happy with the Lakers offseason efforts, even though they didn’t yield a star addition like Carmelo Anthony (Twitter links). “I think [GM Mitch Kupchak] has responded quite efficiently [from missing on ‘Melo and Pau Gasol] by picking up some of the pieces he has,” said Bryant, who was not as supportive of the front office’s tactics earlier this year. Here’s more from around the league:
- Andrew Wiggins tells Kurt Helin of ProBasketballTalk that he’s unfazed by the rumors swirling around his name and a potential Kevin Love trade (Twitter links). “I let my agent and my support system handle [rumors]; I just love playing the game of basketball and I know the NBA is a business,” said the Cavs No. 1 pick. “I just play basketball, man, wherever I go.”
- Marc Stein of ESPN.com (video link) speculates that the Cavs will ultimately wind up landing Kevin Love. Stein believes Cleveland is currently debating whether or not to sign Wiggins before a deal, since his salary would help even the trade, but would delay the process for trading him another 30 days.
- Ray Allen isn’t in a rush to make a decision on retiring or returning for another year, a source tells Marc J. Spears of Yahoo! Sports (Twitter link).
- The Knicks are considering offering Metta World Peace a training camp invite on a non-guaranteed deal to give the veteran a chance at making the team this year, reports Marc Berman of The New York Post. World Peace is eager to reunite with Phil Jackson and Derek Fisher in New York after being coached and playing alongside the duo during his time in Los Angeles.
- The Bulls have renounced Kirk Hinrich in a maneuver to help provide wiggle room for Chicago’s influx of signings, tweets Mark Deeks of ShamSports.com. Hinrich’s agreement to re-sign with the team will be unaffected by the move.
- Free agent MarShon Brooks has hired a new agent, Wallace Prather, tweets Adrian Wojnarowski of Yahoo! Sports. The shooting guard was formerly represented by Seth Cohen of the Original Creative Representation agency.
- Brooks tells Jason Jones of The Sacramento Bee that he’s trying to prove he’s an NBA player this summer, after earning a reputation as an undisciplined offense-only talent over his first three years in the league.
Western Rumors: Marshall, Bledsoe, Love
Eric Pincus of The Los Angeles Times tweets that he doesn’t expect Kendall Marshall, whom the Lakers released yesterday, to clear waivers. Here’s more from the Pacific Division:
- The Lakers were pleasantly surprised to have won their amnesty claim on Carlos Boozer, tweets Bill Oram of The Orange County Register.
- Dan Bickley of USA Today thinks that Eric Bledsoe should relent on his demands for a five-year, $80MM contract with the Suns, and risks earning a poor public image if he doesn’t.
- The Warriors commitment to defense is manifesting itself in the team’s unwillingness to give up Klay Thompson in a Kevin Love trade, writes Sam Amick of USA Today. Amick notes that new coach Steve Kerr has prioritized the defensive end in choosing his assistants, and that Love’s inability to reach the players is a black eye among some league executives.
- New Hornets addition Lance Stephenson tells Candace Buckner of The Indianapolis Star that he’s surprised he didn’t remain with the Pacers. “I’m definitely surprised,” said Stephenson. “But I’m happy here. I can definitely help this program. It’s a family here. I’m definitely going to miss Larry Bird. But it’s a business, and I feel like here is more of a family. Let’s go get wins.”
Western Rumors: Smith, Lakers, Ballmer, Thunder
The Kings don’t believe any of their power forwards is a solution at the position, and they’ve tried to move one this summer in a quest for an upgrade that’s sparked revitalized talks with the Pistons involving Josh Smith, as Jason Jones of The Sacramento Bee details. Here’s more from the Western Conference:
- The Lakers have renounced the rights to Wesley Johnson, Xavier Henry, and Kent Bazemore, Eric Pincus of The Los Angeles Times reveals (all on Twitter). The maneuvers will accommodate the re-signings of Nick Young, Henry, and Johnson, all of whom have agreed to new deals. Pincus expects Young to be renounced before re-signing as well.
- The Times scribe suspects that the Lakers are using part or all of the room exception to sign Ryan Kelly, considering the cap room that will be eaten up by Young’s contract, and a “reasonable” market of suitors for the power forward (all via Twitter).
- Steve Ballmer agreed to extend his deal to purchase the Clippers until August 15th, but Linda Deutsch of The Associated Press reports that Ballmer’s lawyer told a judge in the Donald and Shelly Sterling legal proceedings that the agreement will be off if there is no ruling prior to that date. Ballmer’s potential withdrawal would further cloud the team’s status, as commissioner Adam Silver recently cautioned that Sterling could still own the Clippers at the beginning of next season.
- The Thunder have announced that their D-League affiliate will move from Bixby, Oklahoma to Oklahoma City next season, as first reported by Darnell Mayberry of The Oklahoman. The change will make shuffling players between the Thunder and 66ers more convenient.
- The Jazz still have free agency moves to make in filling out their roster, reports Tony Jones of The Salt Lake Tribune (all Twitter links). Francisco Garcia is a possibility for Utah, who seek a shooting wing along with a third point guard brought in to sit behind the team’s developing backcourt.
Chuck Myron contributed to this post.
Lakers Waive Kendall Marshall
2:30pm: The move is official, the team announced.
12:51pm: The Lakers have decided to waive the non-guaranteed contract of Kendall Marshall, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). The team nonetheless has interest in re-signing him should he clear waivers, Wojnarowski adds. The move appears tied to the team’s deal with Xavier Henry, as dropping Marshall allows the Lakers to open $915,243 more in cap room after they used much of their available space on their winning amnesty bid for Carlos Boozer.
The move appears to signal that the team is prepared to make Jeremy Lin the starting point guard. Marshall would have provided stiff competition for Lin, having come off a strong performance for the Lakers, who signed him in December. The 22-year-old averaged 8.0 points and an impressive 8.8 assists in 29.0 minutes per game across 54 appearances, helping revive a career that had gone south seemingly ever since the Suns made him the 13th overall pick in the 2012 draft.
The addition of Boozer at $3.251MM against the cap for next season meant the Lakers didn’t have enough cap space to fulfill their agreement with Nick Young on a four-year, $21.5MM deal, as Eric Pincus of the Los Angeles Times noted late Thursday (Twitter link). That means the team would either have to renounce its rights to Ryan Kelly, whom the Lakers are interested in re-signing, or waive Marshall. I wouldn’t be surprised if another team picked his minimum-salary contract off waivers, given his cheap cost, youth, and production last season.
Central Rumors: Bulls, Udoh, Oden, Jones
Pau Gasol said he has no worries about the health of Derrick Rose and added that the Knicks had only long shot to sign him as part of an interview with Jesus Sanchez of Marca.com, as K.C. Johnson of the Chicago Tribune translates (Twitter links). The Bulls are scheduled to introduce Gasol and Nikola Mirotic to fans in a press conference today after agreeing to deals with both this past weekend, and there’s more from Chicago amid the latest Central Division rumors:
- There appears to be mutual interest between the Bulls and point guard Aaron Brooks, as Aggrey Sam of CSNChicago.com details. Sam’s story reveals that Brooks is considering the team, while the headline and Sam’s tweet indicate that Chicago is eyeing the 29-year-old point guard.
- The Lakers’ winning bid for Carlos Boozer was $3.251MM, not just $3.25MM as previously reported, tweets Eric Pincus of Basketball Insiders, giving the Bulls slightly more savings than previously thought. The Bulls will be on the hook for $13.549MM of the $16.8MM remaining on Boozer’s contract, which expires next summer, but it won’t count against the salary cap for Chicago.
- Ekpe Udoh has his sights set on joining a contender, and was close to a deal with the Clippers before they struck a deal with Glen Davis, USA Today’s Sam Amick reports (on Twitter). That wouldn’t appear to bode well for any chance the Bucks have of re-signing the big man, who became an unrestricted free agent when Milwaukee declined to make him a qualifying offer.
- The Cavs have interest in Greg Oden, but it’s not clear if they’ve spoken with him or have any plans to do so, according to Sam Amico of Fox Sports Ohio. Still, it appears that either the Cavs, LeBron James, or both have been in touch with the free agent center this summer, Amico writes.
- A lack of playing time with the Heat was one reason why James Jones decided to bolt for the Cavs, as Jones said in a radio appearance on The Ticket Morning Show in Miami, tweets Joseph Goodman of the Miami Herald.
Renounced Players: Thursday
We may be no longer in the early stages of free agency, but teams continue to clear cap space by renouncing their Non-Bird, Early Bird or full Bird rights to their own free agents to remove their cap holds from the books. Teams that renounce those rights no longer have the ability to exceed the cap to re-sign those players unless they use an exception like the mid-level or the biannual. Some of those decisions are more notable than others, but for completion’s sake, we’ll track the latest of these cap-clearing moves right here:
- The Bulls have renounced their rights to Daequan Cook, Vladimir Radmanovic, Nazr Mohammed, Brian Scalabrine and Jimmer Fredette, reports Mark Deeks of Sham Sports (via Twitter).
- The Mavericks have expunged the cap hold of Petteri Koponen and renounced their rights to Bernard James, reports Deeks (via Twitter).
- The Lakers have renounced their rights to MarShon Brooks and Andrew Goudelock, according to Deeks (via Twitter).
- The Lakers have also renounced the rights to John Salley, Karl Malone, Brian Shaw and other players not on the team last season, according to ESPN salary cap guru Larry Coon (via Twitter).
- As Coon explains, the old CBA allowed Bird rights of players not on a team the previous year to be used in sign-and-trades. With that no longer the case under the current CBA, the rights to players like Salley, Malone and Shaw are no longer useful. The teams must still go through the formality of renouncing the rights, but tend not to do so until they actually need the cap space which, like in this case, could be years later (Twitter links are here).
- With Salley’s rights renounced, Coon believes the oldest Bird rights still on the books might be Roshown McLeod with the Celtics (Twitter link).