2017/18 Buyout Market Summary
With the trade deadline in the rearview mirror, much attention is being paid to what is expected to be several weeks of busy buyout market activity. The last day that a player can be waived from their current team and still be eligible to play in the postseason with a new team is March 1.
Below are a series of lists breaking down the veterans who have already been bought out – or simply waived – by their respective teams since the trade deadline, along with those who are expected to be, and several more who really ought to be considered possible buyout candidates even if no reports have come out explicitly stating as much.
As the weeks unfold, we may see new names surface as buyout candidates, in such cases (and whenever a player is formally bought out) we’ll update the list.
Potential buyout candidates:
- Arron Afflalo, SG, 32 (Magic) – $1.5MM in 2017/18
- Corey Brewer, SF, 31 (Lakers) – $7.6MM in 2017/18
- Vince Carter, SF, 41 (Kings) – $8.0MM in 2017/18
- Ersan Ilyasova, PF, 30 (Hawks) – $6.0MM in 2017/18
- Jarrett Jack, PG, 34 (Knicks) – $1.5MM in 2017/18
- Shabazz Muhammad, SF, 25 (Timberwolves) – $1.6MM in 2017/18 +1 year
- Joakim Noah, C, 32 (Knicks) – $17.8MM in 2017/18 +2 years
Expected to be bought out or released:
- None
Veterans who have been bought out or released:
- Tony Allen, SG, 36 (Bulls) – $2.1MM in 2017/18
- Marco Belinelli, SG, 31 (Hawks) – $6.6MM in 2017/18: Signed with Sixers
- Joe Johnson, SF, 36 (Kings) – $10.5MM in 2017/18: Agreed to sign with Rockets
- Josh McRoberts, PF, 30 (Mavericks) – $6.0MM in 2017/18
- Derrick Rose, PG, 29 (Jazz) – $2.1MM in 2017/18
- Brandan Wright, PF, 30 (Grizzlies) – $6.0MM in 2017/18: Signed with Rockets
Grizzlies, Brandan Wright Working Toward Buyout
The Grizzlies are working toward a buyout with forward Brandan Wright, Chris Haynes of ESPN tweets. The 30-year-old big man has played the last three season in Memphis but has struggled to stay on the court.
Across the 67 games that he has suited up for the club, Wright has averaged 6.1 points and 3.2 rebounds per game in just 15.3 minutes of action.
While Wright may not carry with him the clout that some of the other veterans set to hit the buyout market do, he could be a valuable addition for teams interested in frontcourt depth.
A full-fledged breakout never came for Wright but the former lottery pick has shown glimpse of impressive production in the past. He may not have lived up to the $17MM, three-year deal he inked with the Grizz back in 2015 but he can certainly help a contender for cheap if he does ultimately clear waivers.
Windhorst/Lowe On Cavs, Clips, Dinwiddie, Hood
The Cavaliers had an eventful trade deadline, trading away six players and taking back four new ones in three Thursday trades. However, it sounds as if the team was somewhat close to making an even bigger splash. Appearing today on Zach Lowe’s Lowe Post podcast, ESPN’s Brian Windhorst said that there were people around the NBA who believed on Thursday morning that the Cavs and Clippers were gaining traction on a DeAndre Jordan deal.
“The reason people thought that was because there were other teams that were engaged in trade talks with pieces that would have spun off from that trade,” Windhorst explained. “So it got to the point where the Cavs and Clippers felt like they were close enough to some sort of agreement with each other that they could begin looking to bring in third teams and that’s why I know about it.”
According to Lowe, who says that the Cavaliers were never willing to send the Nets’ 2018 first-rounder to the Clippers in exchange for Jordan, talks between Clevleand and L.A. never got into “the red zone.” Still, Windhorst says that the two teams got at least “some distance down the road” before the Cavs opted to make other deals and the Clippers decided to keep Jordan.
Here’s more from Windhorst and Lowe:
- The Nets were asking for “a lot” in return for Spencer Dinwiddie, according to Lowe, who says the Cavaliers explored a trade for Dinwiddie that involved Cleveland’s own 2018 first-rounder. Such a deal would have had the added benefit of improving the value of Brooklyn’s first-rounder for the Cavs, the Nets’ asking price was too high for Cleveland.
- According to Lowe, Avery Bradley‘s asking price for his upcoming free agency is “gargantuan.” Lowe expects the Clippers guard to have to recalibrate his expectations at some point.
- Lowe doesn’t think Rodney Hood‘s deal in restricted free agency this summer will be exorbitant, speculating that the Cavaliers might be able to lock him up for something in the neighborhood of $10-12MM per year.
- Windhorst, who said last week that the Cavaliers had explored whether George Hill would be open to a buyout next year if they were to acquire him, clarified some details on that report. Since Hill was believed to be “miserable” with the Kings, per Windhorst, the Cavs looked into whether he’d be willing to reduce the guarantee on his $19MM salary for 2018/19 in order to facilitate a trade. That didn’t end up happening though.
- Windhorst and Lowe said today there has been a lot of chatter around the NBA about the Grizzlies‘ approach to the deadline. For about 36 to 48 hours, Memphis was giving the teams the impression that they were on the verge of moving Tyreke Evans, presumably in an effort to get clubs to increase their offers, according to Lowe, who says the Grizzlies may have “out-thought themselves.”
Herrington: Why Grizzlies Didn't Move Evans
- Chris Herrington of The Commercial Appeal explores why the Grizzlies chose not to trade Tyreke Evans at Thursday’s deadline.
Traded Player Exceptions Created In Deadline Deals
Before NBA teams started reaching trade agreements on Thursday, we published the latest entry in our Hoops Rumors Glossary, focusing on the traded player exception. As we explain in our breakdown, the traded player exception can allow over-the-cap teams to receive more salary than they send out in “simultaneous” trades.
The more common form of traded player exception is the one generated in a “non-simultaneous” trade, when a team send out a single player and takes back less salary – or none at all – in return. The team then has one calendar year to use that newly-created exception to acquire one or more players whose salaries fit into that exception.
For instance, the Raptors created a $11,800,000 trade exception in last July’s DeMarre Carroll trade with the Nets, meaning that on Thursday they could have acquired a player earning, say, $11MM without sending out any salary in return.
Not many teams took advantage of their outstanding trade exceptions on Thursday, but at least a couple teams appear to have completed trades with previously existing trade exceptions, or with disabled player exceptions. Nearly every trade completed on Thursday also generated at least one new trade exception, so we’ll round up those newly-created TPEs below.
With the help of tweets from cap experts Albert Nahmad and Bobby Marks, along with information from RealGM’s official transactions log, here’s a breakdown of the new TPEs, sorted by value. Not all of these exceptions have been confirmed with 100% certainty, but this is what we believe they’ll look like. These TPEs will expire if they’re not used by February 8, 2019:
- Utah Jazz: $3,708,883 (Joe Johnson to Kings)
- Portland Trail Blazers: $3,505,233 (Noah Vonleh to Bulls)
- Memphis Grizzlies: $3,028,410 (James Ennis to Pistons)
- Note: If the Grizzlies didn’t use their existing $3.4MM TPE to absorb Brice Johnson‘s salary, this TPE would instead be worth $1,697,250.
- Toronto Raptors: $2,451,225 (Bruno Caboclo to Kings)
- Utah Jazz: $2,386,864 (Rodney Hood to Cavs)
- New Orleans Pelicans: $2,300,000 (Dante Cunningham to Nets)
- Brooklyn Nets: $1,889,040 (Rashad Vaughn to Pelicans)
- Cleveland Cavaliers: $1,471,382 (Dwyane Wade to Heat)
- Detroit Pistons: $1,471,382 (Willie Reed to Bulls)
- Los Angeles Lakers: $1,471,382 (Larry Nance to Cavs)
- Chicago Bulls: $1,429,818 (Jameer Nelson to Pistons)
- Detroit Pistons: $1,331,160 (Brice Johnson to Grizzlies)
- Miami Heat: $1,312,611 (Okaro White to Hawks)
- Washington Wizards: $1,312,611 (Sheldon Mac to Hawks)
- Dallas Mavericks: $1,107,552 (Devin Harris to Nuggets)
- Note: This TPE is not listed by RealGM.
Our list of outstanding traded player exceptions has been updated, and will be adjusted if necessary once we’re able to confirm all the TPEs listed above.
If you have any corrections or questions, please let us know in the comment section.
Magic Trade Elfrid Payton To Suns
8:41pm: The Magic have officially traded Payton to the Suns, the team announced in a press release. Phoenix waived Isaiah Canaan in order to clear a roster spot for Payton.
2:52pm: Josh Robbins of The Orlando Sentinel clarifies (via Twitter) that the second-round pick the Magic receive in the deal will actually be the second-most favorable of the Grizzlies’, Hornets’, and Heat’s 2018 second-rounders. For now, that would be the Charlotte pick.
1:58pm: The Magic and Suns have agreed to a trade, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that the teams will swap point guard Elfrid Payton for a second-round pick. That pick will be the Grizzlies’ 2018 second-rounder, tweets John Gambadoro of Arizona Sports 98.7.
The deal signals a new start for Payton, who is headed for restricted free agency this summer. His streaky shooting and problems on defense made him expendable, especially as a new regime took over in Orlando’s front office. Payton was having a fine statistical season, averaging 13.0 points, 6.3 assists and 4.0 rebounds per game, but the Magic still aren’t winning and the organization decided to go in a different direction.
He will get a chance to revive his career with the Suns, who have been looking for a new point guard since trading Eric Bledsoe to Milwaukee. Phoenix lost Isaiah Canaan to a broken ankle at the end of January and was down to just one healthy point guard on its roster. The addition of Payton allows Devin Booker to move back to his natural position of shooting guard, adds Scott Bordow of The Arizona Republic (Twitter link).
The Suns reached the salary floor with the move and have $6.9MM in cap space remaining, posts Bobby Marks on ESPN Now. Payton will carry a cap hit of $3.3MM and will be restricted this summer if Phoenix tenders a $4.8MM qualifying offer as expected.
Photo courtesy of USA Today Sports Images.
Pistons Acquire James Ennis From Grizzlies
8:05pm: The Pistons have officially acquired Ennis, the team announced tonight in a press release.
11:44am: The pick included in the deal is for 2022, according to Chris Herrington of The Memphis Commercial Appeal (Twitter link), who adds that the Pistons will use their Disabled Player Exception to accommodate Ennis.
11:29am: The Pistons have acquired James Ennis from the Grizzlies in exchange for Brice Johnson and a second-round pick, tweets Adrian Wojnarowski of ESPN. It’s the same package that Detroit had been rumored to send to New Orleans in exchange for Dante Cunningham.
After a couple of years as a journeyman, Ennis found a home in Memphis over the past two seasons, developing into a regular part of the rotation. The 27-year-old is averaging 6.9 points and 3.5 rebounds through 45 games this season. He has an expiring contract worth a little more than $3MM.
Johnson, 23, was acquired from the Clippers last week in the deal that brought Blake Griffin to Detroit. A first-round pick in 2016, Johnson had yet to suit up for the Pistons and played just nine games in L.A. this season. He is still on his rookie contract and is making a little more than $1.33MM.
Because of the salary discrepancy, the Pistons will have to use either the Disabled Player Exception of $5.2MM they were awarded earlier this week or a $7MM trade exception to take on Ennis’s contract.
Details On Tyreke Evans Trade Offers
Tyreke Evans was considered one of the most players most likely to change teams by today’s NBA trade deadline, but when the dust settled, the standout guard remained in Memphis.
In the hour leading up to the deadline, we heard from ESPN’s Adrian Wojnarowski that the Grizzlies still hadn’t been able to secure a first-round pick in exchange for Evans, and were considering trying to re-sign him with their mid-level exception this summer if they couldn’t work out a deal.
So what did the offers for Evans look like? ESPN’s Zach Lowe and HoopsHype’s Alex Kennedy have some details….
- The Nuggets gave the Grizzlies their choice of two offers, according to Lowe — one offer included Emmanuel Mudiay and a second-round pick, while the other featured an expiring contract and multiple second-round picks. However, Memphis was seeking more, and didn’t want to take on any 2018/19 salary, says Lowe (Twitter link).
- The Wizards were in on Evans and likely would’ve parted with two second-round picks, but the Grizzlies once again made it clear they were looking for more, per Lowe (Twitter link).
- As we noted earlier this afternoon, Kennedy passed along details on the Celtics‘ offer for Evans, tweeting that Boston offered two second-round picks and young big man Guerschon Yabusele.
- Kennedy didn’t have specifics on the Sixers‘ offer for Evans, but said the Grizzlies asked for Dario Saric at one point during those talks (Twitter link). Philadelphia, understandably, wasn’t interested in surrendering the young forward for a rental.
Sixers, Celtics Stand Pat At Deadline
The trade deadline has come and gone and while there’s always the faint possibility that news of other moves leaks out, two Atlantic Division teams seemingly receptive to making moves have opted against any shakeups.
Per Keith Pompey of The Philadelphia Inquirer, the Sixers did not make any deals today. Similarly, Yahoo Sports’ Shams Charania tweets that the Celtics elected to stand pat as well.
Right up until the deadline, it appeared as though the Sixers were in the hunt for a pair of available veterans but didn’t come to terms on either.
Per Alex Kennedy of HoopsHype, both Philly and Boston made a strong push for Grizzlies swingman Tyreke Evans but neither deal came through.
Kennedy wrote that Boston and Memphis were in touch in the final minutes leading up to the deadline but a proposed package of two second-rounders and Guerschon Yabusele wasn’t enough to convince Memphis to pull the trigger.
In discussions with Philly previously, the Grizzlies asked for 23-year-old Dario Saric and were shot down.
Evans, of course, is in the midst of a stellar season in Memphis and had drawn considerable trade interest but his injury-riddled history and pending free agency may have limited his value.
The fact that Evans will remain with the Grizz for the duration of the season could imply that the team thinks they’ll be able to retain him as a free agent this summer, Chris Herrington of The Memphis Commercial Appeal says.
Moving away from Evans, another move that Philly looked interested in making but that didn’t eventually pan out was a deal for Hawks two-guard Marco Belinelli.
On Tuesday we wrote that the Hawks had already told the shooting guard that a trade was coming. Nothing, however, appears to have come to fruition. Michael Scotto of The Athletic mentioned that the Sixers were dangling a second-round pick.
The decision not to act at the deadline may well have been the right one for both franchises. Boston, of course, has help coming in the form of Greg Monroe. The free agent big man agreed to join the Celtics but waited until after the deadline in order to sign so that the franchise could retain its flexibility.
Philadelphia, within reach of the Eastern Conference playoff picture, didn’t get an extra shot of veteran support heading into the final stretch of the season but cashing in future assets for short-term gain would have served in stark contrast to the process that’s gotten them to the enviable position that they’re in today.
DeAndre Jordan, Tyreke Evans, Marco Belinelli Stay Put
A handful of players frequently mentioned as trade candidates in the weeks leading up to the deadline stayed put today, according to various reports.
The Clippers have held onto center DeAndre Jordan through the deadline, a league source tells ESPN’s Adrian Wojnarowski (Twitter link). The team had privately maintained throughout the process that it was fine hanging onto Jordan if no appealing offers surfaced, so this isn’t a huge shock. The next key deadline for Jordan will arrive this summer, as he decides whether to exercise his $24MM+ player option or turn it down to hit to the free agent market.
Tyreke Evans is staying put in Memphis, according to Chris Haynes of ESPN (Twitter link). This decision is a little more surprising, since the Grizzlies had held Evans out of action for the last week in anticipation of moving him. However, it appears they never received the first-round pick they were seeking. Wojnarowski reported earlier today that Memphis may try to re-sign Evans using its mid-level exception this July.
The Hawks made some small deals today, but trade candidate Marco Belinelli remains on the roster, per Sam Amick of USA Today (Twitter link). There were reportedly a handful of teams with interest in Belinelli, but perhaps the offers Atlanta received risked adding salary to the team’s cap for 2018/19.
We’ll wait to see if word of any other deals trickles in now that the deadline has passed, but for now it looks like several other trade candidates aren’t going anywhere either. That list includes Avery Bradley, Kenneth Faried, Derrick Favors, and Evan Fournier, among many others.