Heat Rumors: Ennis, Richardson, Johnson
- They plan to make an offer to No. 40 overall pick Josh Richardson soon, according to Jackson. The shooting guard from Tennessee will likely see a multiyear offer with partial guarantees similar to the deal that Ennis signed with Miami last year, tweets Winderman.
- Miami didn’t signal the likelihood or lack thereof that it would offer Henry Walker a chance to re-sign with the team, but their parting today was “amicable,” agent Mike Naiditch told Jackson for the same piece.
- Tyler Johnson‘s 50% contract guarantee will be picked up by Saturday’s deadline, according to Winderman (Twitter link). That would mean Johnson will receive at least $422,530 this coming season.
- Team president Pat Riley and point guard Goran Dragic have collectively decided that Dragic won’t play for Slovenia this summer, Tim Reynolds of the Associated Press tweets.
Heat Waive Henry Walker
1:37pm: The move is official, the team announced.
1:14pm: The Heat plan to waive Henry Walker today, league sources tell Shams Charania of RealGM (Twitter link). A reunion is nonetheless possible should he clear waivers, Charania adds. His salary is to become guaranteed if he remains under his existing contract through Saturday, as our schedule of salary guarantee dates shows. The move would be no surprise, as the forward’s release had been a matter of speculation. Miami has let Walker know that he’ll go on waivers, tweets Barry Jackson of the Miami Herald.
Walker first joined the Heat on a 10-day contract in February, later signing another 10-day deal before finally inking a deal that covered the rest of the season plus a non-guaranteed 2015/16 salary. He saw his first regular season NBA action since 2011/12 in his time with the Heat, averaging 7.3 points and 3.4 rebounds in 26.2 minutes per game with 34.1% three-point shooting across 24 appearances. The Mike Naiditch client made 13 starts, an uncommonly high number for a late-season pickup, yet it apparently wasn’t enough to ensure his place on the roster for this coming season.
The release of Walker would take Miami down to 14 players, leaving a spot for the team to sign shooting guard Josh Richardson, this year’s No. 40 overall pick, whom the Heat have been trying to clear room for. Miami only has to carry 13 players into the regular season, but the Heat are still reportedly trying to trade Mario Chalmers. Regardless, subtracting Walker would keep $100K from the Heat’s books, a number that would be multiplied many times over if the Heat don’t end up below the $84.74MM tax threshold by season’s end. Miami currently has about $89.2MM in guaranteed salary on its books.
Do you think that Walker will stick in the NBA this time? Leave a comment to let us know.
Heat Rumors: Trades, Dragic, Richardson
The Heat have been busy today, formally announcing trades that sent Shabazz Napier to the Magic and Zoran Dragic to the Celtics. They reportedly remain in pursuit of a deal that would take Mario Chalmers and his $4.3MM off their hands as they seek to avoid paying repeat-offender tax penalties. Here’s the latest from South Beach:
- The amount of cash going from the Heat to the Celtics in the Dragic trade is $1.5MM, a league source tells Adam Himmelsbach of the Boston Globe. The Suns had paid the rest of his more than $1.706MM salary as a signing bonus last year. Miami will have $1.9MM left to spend in trades, while the Celtics, who took in cash as part of the Perry Jones III trade, too, only have $400K left that they can receive, notes former Nets executive Bobby Marks (Twitter links).
- The 2019 second-round pick that the Celtics owe the Heat as part of the Dragic deal is top-55 protected, so Miami is unlikely to ever actually receive the selection, Himmelsbach reports in the same piece.
- The Heat let No. 40 pick Josh Richardson know last week that they think he’s an NBA-caliber player and that they were doing what they could to find room on the roster for him, according to Barry Jackson of the Miami Herald (All Twitter links). The Dragic and Napier trades give the team 15 players, Jackson notes, speculating that Miami will release Henry Walker before his non-guaranteed salary becomes partially guaranteed for $100K on Saturday, a move that would open a spot for Richardson. Still, the roster remains fluid, so Jackson wouldn’t dismiss the idea that Walker will still be with Miami.
Magic Acquire Shabazz Napier
MONDAY, 11:46am: The trade is official, both teams announced via press release. It’s a 2016 second-rounder going to Miami. Orlando receives cash in addition to Napier.
2:52pm: The deal is expected to be formally announced Monday, tweets Ira Winderman of the Sun Sentinel. The second-round pick is heavily protected, according to Josh Robbins of The Orlando Sentinel (Twitter link). The Magic will keep the pick unless they have a top five record next season.
SUNDAY, 12:23pm: The Magic will acquire Shabazz Napier from the Heat, Adrian Wojnarowski of Yahoo Sports tweets. The Heat will receive a protected future second-round pick, Wojnarowski adds (Twitter link).
Miami was aggressively trying to deal Napier in addition to Mario Chalmers because of luxury tax concerns, according to previous reports. Napier set to make roughly $1.3MM this season and has a team option on his salary for the 2016/17 season. Thus, the deal as reported will allow the Heat to create a trade exception worth $1,294,440, the precise value of Napier’s salary this season.
Orlando will now have 10 players on its roster who were drafted since 2011 with four players coming via trade, as former Nets executive Bobby Marks notes (Twitter link). Napier will presumably be the team’s third string point guard behind 2015 rookie of the year candidate Elfrid Payton and new addition C.J. Watson.
Napier was reportedly a favorite of LeBron James, and his addition to the Heat last summer seemed like a play to retain the four-time MVP, who instead returned to Cleveland. Miami came away with Napier’s rights in a 2014 draft-night deal with Charlotte, which used the No. 24 pick to take the point guard last year. Miami gave Napier 10 starts, and he averaged 19.8 minutes per game, but he played in only one game after March 9th as he battled a sports hernia that ultimately ended his season prematurely.
Celtics Acquire Zoran Dragic From Heat
11:13am: The trade is official, the Celtics and Heat announced. The second-rounder going to Miami is a protected 2019 selection, according to the Heat.
11:07am: The Heat are sending enough cash in the deal to cover Dragic’s salary, reports Adam Himmelsbach of the Boston Globe (on Twitter).
10:49am: The second-rounder going to Boston is for 2020, reports Ira Winderman of the Sun Sentinel (Twitter link).
10:11am: The Celtics are acquiring Zoran Dragic from the Heat, reports Dan Le Batard of the Miami Herald and ESPN (Twitter link). He’s the brother of Goran Dragic, who’s OK with the deal, Le Batard adds. The Heat are also sending out a second-rounder, with another heavily protected second-rounder heading from Boston to Miami, reports Brian Windhorst of ESPN.com (on Twitter). It looks like the Heat aren’t taking salary back in the deal, so they’ll be able to reap luxury tax savings on top of the more than $1.706MM owed to Dragic for this coming season.
Miami has been carrying about $90.9MM in guaranteed salary, above the league’s $84.74MM tax threshold. The Dragic deal won’t take the team under that figure, and the Heat continue to look for takers for Mario Chalmers and his $4.3MM salary, as Marc Stein of ESPN.com hears (Twitter link). Miami would be subject to repeat-offender tax penalties if it’s above the tax threshold at the end of the regular season.
The Celtics use cap space to take in Dragic. Boston is set to complete the David Lee trade later today, but as that move has lingered as unofficial, the C’s have been able to operate as a team with cap space, making moves like the Perry Jones III trade and signing Jordan Mickey for more than two years. Boston had already been in line to carry 16 fully guaranteed contracts for the season ahead, so it would seem Dragic’s place on the opening night roster for the Celtics is not assured.
Miami also whittled its tax bill down with Sunday’s agreement to trade Shabazz Napier to the Magic. The Napier and Dragic deals stand to save the Heat around $11MM in salary and tax penalties combined, depending on other transactions, tweets Brian Windhorst of ESPN.com.
Reactions To Shabazz Napier Trade
Earlier today, the Magic agreed to acquire Shabazz Napier from the Heat in exchange for a protected future second-round pick. The only way the Heat will get the Magic’s second-round pick in 2016 will be if Orlando finishes with one of the NBA’s five best records during the 2015-16 regular season. If the Magic’s second-round pick falls anywhere from 31st overall through 55th overall, the Magic would keep the pick. Miami wanted to deal Napier because of luxury tax concerns, according to previous reports. Napier is set to make about $1.3MM this season and has a team option on his salary for the 2016/17 season. Therefore, the reported deal will allow the Heat to create a trade exception worth $1,294,440, the precise value of Napier’s salary this season.
Here are some reactions from around the industry to the move:
- Dealing Napier could be a sign that the Heat is keeping guard Mario Chalmers, who Miami has reportedly been shopping, Joseph Goodman of The Miami Herald writes. It’s still very possible Miami trades Chalmers, however, Goodman adds, because he is owed $4.3MM next season.
- With Napier gone, Heat fans will have one less reminder of LeBron James, Goodman adds in the same piece. James pushed for the team to draft Napier, who mostly struggled as a rookie. The fact Miami was willing to trade Napier to a division rival means that the team does not view the guard as much of a threat, Goodman concludes.
- From the Magic’s point of view, the deal is a good one because there is no risk involved, Josh Robbins of the Orlando Sentinel writes. The Magic benefit because they will acquire a young player with upside, Robbins adds.
- In the same piece, Robbins points out that Napier’s arrival might very well be bad news for Keith Appling, who the Magic agreed to sign last week to a two-year deal that includes a small guarantee. The contract will give Appling a chance to participate in the Magic’s training camp, but Napier’s presence likely will make it difficult for Appling to make the regular-season roster, Robbins writes.
- The trade has a lot to do with the Heat’s depth chart, considering Miami also has Josh Richardson and Tyler Johnson as guards, according to Ira Winderman of The Sun Sentinel (Twitter link). The Heat could save more than $4MM with the deal, but that only would be the case if the team chooses to carry only 14 players, Winderman tweets.
Heat Rumors: Napier, Ennis, Johnson, Outlook
Shabazz Napier, who is reportedly being dealt to the Magic, was the Heat’s best player during summer league, according to Ira Winderman of The Sun Sentinel. Summer provided the first chance for Napier to really showcase his skills after his rookie campaign was interrupted by a series of injuries, including a sports hernia that ended his season early. While Miami officials were publicly praising Napier’s performance during the summer, they were looking to trade him to provide relief from the luxury tax. He will make about $1.3MM next season, with a team option for 2016/17. Napier was the third-string point guard in Miami, and Winderman expects him to fill that same role in Orlando, being slotted behind Elfrid Payton and C.J. Watson. The columnist also examines Miami’s remaining roster and the salary status of each player.
There’s more news from Miami:
- The next important deadline for the Heat will come Saturday, tweets Barry Jackson of The Miami Herald. James Ennis and Tyler Johnson will have half their salaries for next season guaranteed if they are still on the roster August 1st (See the Hoops Rumors Schedule of Contract Guarantees). Both are scheduled to make $845K. Jackson also notes that luxury tax obligations are based on team payroll at the end of the season (Twitter link). The Heat will have plenty of time to move more salary if they can’t find another deal right away.
- Former Nets executive Bobby Marks tweets that today’s trade helps Miami in two ways: by trimming the team’s tax obligation and opening a roster spot. He believes there is a good chance Johnson becomes the third-string point guard.
- The Heat have rebuilt quickly after losing LeBron James and have the pieces in place to be a contender in the East, contends Tim Cato of SB Nation. He argues that an improved bench and a full season from Goran Dragic will make the Heat dramatically better, especially if Hassan Whiteside proves he can handle being a full-time NBA center.
Southeast Notes: Dudley, Beasley, Haslem, Daniels
Jared Dudley said in a recent interview with Grantland’s Zach Lowe that he would have considered the Wizards in free agency if he had opted out of his contract, writes Ben Standig of CSNWashington.com. Dudley, who was also considering a return to Phoenix, was traded from Milwaukee to Washington earlier this month and said the Bucks didn’t show much interest in retaining him if he had opted for free agency. Dudley surprised many when he opted in for $4.25MM next season before the trade, but he used the case of the still-unsigned J.R. Smith to explain his reasoning. “I wanted to opt out,” Dudley said. “The whole thing was to opt out. At the same time, you never want to opt out — you want to have a deal in place or at least have a backup plan.” Dudley underwent surgery Tuesday for a herniated disk in his lower back and is expected to be out of action for three to four months.
There’s more news from the Southeast Division:
- Michael Beasley could have a chance to make the Heat roster if he is willing to come to camp without a guaranteed contract, contends Ira Winderman of The Sun Sentinel. The columnist sees Zoran Dragic as a “lock” to earn a roster spot because of his brother, Goran, while Josh Richardson‘s potential combined with a small contract gives him a good chance as well. Winderman adds that based on Beasley’s Instagram account, he is clearly taking another shot at the NBA.
- At 35, the Heat’s Udonis Haslem is giving no thought to retirement, according to Jason Lieser of the Palm Beach Post. “I feel fine,” Haslem said. “I feel like I could go three or four more years depending on how Coach might need to use me or what the situation might be.” Haslem’s workload was down again in 2014/15, logging less than 1,000 minutes for the second straight season. However, he may be called on more often next year, especially if backup center Chris Andersen gets moved to help avoid the repeater tax. Haslem’s spot on the roster is secure, as he is signed for a guaranteed $2.9MM.
- Nobody questions the shooting ability of the Hornets‘ Troy Daniels, but he’ll have to do more than that to earn a secure spot in the NBA, writes Fran Blinebury of NBA.com. The 24-year-old is already on his third team, and Charlotte coach Steve Clifford said the guard’s “physical development” will be key to his NBA future. “I’ve wanted to see him add weight and gain strength, which I think will help him at both ends of the floor,” Clifford said. “He can shoot the ball from long range. He has a good feel of how to play. Right now, in order to take advantage of the skills he has worked on, he has to get stronger.”
Eastern Notes: Mejri, Dudley, Jackson, Ennis
Tunisian center Salah Mejri, in whom the Cavaliers were reportedly interested this spring, has an offer from an NBA team, sources tell Sportando’s Emiliano Carchia (Twitter link). Real Madrid, his Spanish club, informed Mejri a few days ago that he would be released, as David Pick of Eurobasket.com reported (Twitter link). Mejri went undrafted in 2008, so no NBA team holds his rights, unlike center Sasha Kaun, Cleveland’s own draft-and-stash prospect who’s reportedly been in talks recently with GM David Griffin. Here’s more from around the Eastern Conference:
- Jared Dudley will miss approximately three or four months after undergoing surgery Tuesday to fix a herniated disk in his lower back, the Wizards announced. The team was aware that he was playing in pain last season before acquiring him via trade from the Bucks this month, according to Jorge Castillo of The Washington Post. The timetable means he stands to miss nearly a month of the regular season, though it also indicates he could return before opening night.
- Top free agents don’t often choose to go to Detroit, so the Pistons had little choice than to pay top dollar to retain restricted free agent Reggie Jackson, argues Terry Foster of The Detroit News. Jackson’s five-year, $80MM deal is receiving widespread criticism, but coach/executive Stan Van Gundy thinks the conventional wisdom will change, as Vince Ellis of the Detroit Free Press relays. “We’re excited about that and I think that also … that as we get two years down the road and look at what’s going on in this league and where the numbers are gonna go and the way we know that Reggie’s gonna play, we know this is going to be a bargain in this league,” Van Gundy said.
- James Ennis struggled mightily in summer league, and the Heat would be on the hook for at least 50% of his salary this season if he remains on the roster through August 1st. However, the team has given him positive feedback and is paying for him to take part in a skill development camp in California, according to Barry Jackson of the Miami Herald. Jackson suggests that’s a sign that the Heat will retain Ennis through the looming guarantee date. The Herald scribe speculates that Henry Walker, who’d earn a $100K partial guarantee if he sticks through that same August 1st date, is at greater risk to be let go, since the Heat held him out of summer league.
Southeast Notes: Heat, Smith, Magic, Anderson
The second part of summer league for No. 10 overall pick Justise Winslow was full of more challenges than he might have expected, but the performance of Josh Richardson, whom the Heat drafted with their other pick, at No. 40, was more impressive than it figured to be, as Ira Winderman of The Sun Sentinel examines. Winderman, in a broad look at what Miami accomplished during summer league, writes that he wouldn’t be surprised if the Heat invited undrafted center Josh Smith to camp. Smith, from Georgetown, is not to be confused with the more well-known Clippers signee of the same name. Here’s more from around the Southeast Division:
- Jason Smith‘s salary on his new one-year deal with the Magic is $4.3MM, Eric Pincus of Basketball Insiders confirms (Twitter link). There had been conflicting reports about just how much the contract is worth.
- The Magic were technically over the cap when they made the Maurice Harkless trade, so they ended up with a trade exception worth $2,894,059, equivalent to the salary that Harkless will make this coming season, Pincus also reports (Twitter link).
- Alan Anderson‘s one-year, $4MM contract with the Wizards includes a 15% trade kicker, reports Eric Pincus of Basketball Insiders (Twitter link). Washington facilitated the signing via the mid-level exception, and since it’s worth more than $3.376MM, the Wizards are hard-capped at $88.74MM this season, Pincus notes.