Southeast Notes: Jones, Seraphin, Boozer
Despite expressing interest in a return to the Heat, James Jones just couldn’t pass up the chance to play with LeBron James again. Although it’s not clear whether or not Miami had intentions of bringing Jones back for the 2014/15 season, as Joseph Goodman of the Miami Herald details, there’s no doubt LeBron’s return to the Cavs influenced Jones’ decision to hook up with Cleveland. Here’s the latest out of the Southeast..
- The Wizards elected to let Kevin Seraphin hit restricted free agency this summer, but Washington wouldn’t be against bringing the big man back at a price lower than the $3.89MM his qualifying offer would have been worth, reports J. Michael of CSNWashington.com (on Twitter).
- The salary in the first year of Trevor Ariza’s new contract is $8,579,089, according to Mark Deeks of ShamSports, so that’s the value of the trade exception the Wizards create from the sign-and-trade that sent Ariza to the Rockets. Washington is using part of that trade exception to accommodate this evening’s sign-and-trade acquisition of DeJuan Blair. The precise amount of the exception that the Blair trade uses won’t be known until Blair’s first-year salary figure is reported.
- The Hornets aren’t interested in placing a bid on the recently amnestied Carlos Boozer, reveals Rick Bonnell of the Charlotte Observer (via Twitter). Chuck Myron of Hoops Rumors had predicted as much earlier today when the club agreed to terms with Lance Stephenson.
- Andrew Perna of RealGM grades the Hornets‘ acquisition of Stephenson, praising Charlotte and criticizing the Pacers’ decision to let the shooting guard walk after the Heat seemingly lost a step this summer.
Chuck Myron and Cray Allred contributed to this post.
Eastern Rumors: Boozer, Blair, Durant
Ethan Skolnick of Bleacher Report details how the Heat’s maneuvers to accommodate the Big Three back in 2010 are now proving costly with the departure of LeBron James. The Heat’s 2015 first round pick–given to the Cavs as part of James’ sign-and-trade to Miami–is still owed to Cleveland, and Miami is still paying Mike Miller‘s amnestied contract while the sharpshooter is on the verge of re-teaming with LeBron in another city. Here’s more from the East:
- The Hawks, reportedly one of the favorites to place a bid on Carlos Boozer, took a step in that direction, as Eric Pincus of Basketball Insiders confirms the team has officially slipped beneath the cap (Twitter link).
- The Mavs promised DeJuan Blair that they would try to sign-and-trade him to give him a financial boost, according to Marc Stein of ESPN.com, and indeed it appears Dallas is close to sending him to the Wizards via sign-and-trade,
- The Wizards will bring University of Maryland women’s assistant coach David Atkins as an assistant coach for player development, tweets Jeff Goodman of ESPN.com. A handful of rival executives see it as a sign that Washington has begun to position itself to make a run at Durant, a D.C. native, according to USA Today’s Jeff Zillgitt (Twitter link), since Atkins was one of Kevin Durant‘s high school coaches, fellow ESPN scribe Mark Stein notes (on Twitter).
Chuck Myron contributed to this post.
Contract Details: Wade, Deng, Diaw
It took a while, but we finally found out the precise value of the discount that Carmelo Anthony gave the Knicks this afternoon. We’ll have to wait even longer to know whether the more than $5MM in savings that ‘Melo afforded his team will have a worthwhile effect on New York’s ability to squeeze more talent onto its roster, but he’s not the only name free agent taking a cut rate this summer.
- Dwyane Wade gave up more than $41.8MM over two seasons when he opted out of his deal this June, and while he isn’t recouping all of that on his new two-year contract with Miami, he nonetheless received a rare no-trade clause for his trouble, tweets Marc Stein of ESPN.com. He’ll make $15MM for this coming season and the salary in his player option year would be $16.125MM as part of his latest deal with the Heat, reports Brian Windhorst of ESPN.com (Twitter link).
- Fellow Heat signee Luol Deng will make $9.71MM for this coming season, and his player option for 2015/16 will be worth $10.15MM, according to Windhorst (on Twitter).
- Boris Diaw‘s contract with the Spurs is for four years and $28MM, with only $17.5MM of it guaranteed, Stein reveals (Twitter link). The original report indicated it was a three-year, $22.5MM deal.
Heat Sign James Ennis
TUESDAY, 5:32pm: The Heat have officially announced the signing, according to a team press release.
“We were excited to draft James a year ago and have been impressed by the growth of his game in Summer League and Puerto Rico, as well as his terrific experience in Australia, leading Perth to a championship,” said team president Pat Riley in a statement. “We are looking forward to the infusion of energy he will bring to our roster.”
JUNE 13TH: With the Heat on the ropes to the Spurs in the NBA Finals, the need for the team to get younger and deeper is becoming apparent. The Heat are pleased enough with the development of 2013 second-round pick James Ennis that there is a “strong likelihood” the team will sign him this summer, reports Shams Charania of RealGM (Twitter link).
After a strong season in Australia’s National Basketball League where he averaged 21.2 PPG, 7.2 RPG, and 2.0 APG, Ennis spent the past week working out for the Heat front office in Miami, reports Charania (via RealGM). Ennis, 23, will headline the Heat’s Summer League rosters in Orlando and Las Vegas, according to the article.
The Heat acquired Ennis from the Hawks, who selected him with the 50th overall pick in the 2013 NBA Draft. The potential signing of Ennis would likely be a multi-year deal, sources told Charania.
Heat Sign Luol Deng
TUESDAY, 4:44pm: The deal is official, the team announced via press release.
“Signing Luol Deng is one of the most important free agent signings that we have ever had in the history of the franchise,” team president Pat Riley said in the statement. “He is a proven All-Star and quintessential team player, both as a scorer, as well as an All-NBA defender. He brings the attitude of a warrior and competes every single night against the very, very best. We are thrilled to welcome him to the Heat family.”
SUNDAY, 1:36pm: The Heat are set to sign Luol Deng, tweets Shams Charania of RealGM. It’s a two-year, $20MM deal and includes a player option on year two, according to Adrian Wojnarowski of Yahoo Sports (on Twitter).
Deng will now help the Heat kick off of a brand new era that they hoped they would never have to see. Fortunately for Miami, even though LeBron James is returning to Cleveland, Chris Bosh will be sticking around on a max deal and it sounds as though Dwyane Wade and Udonis Haslem will be re-signing as well. Miami may not be world beaters this season, but they at least have some continuity and a good chance at returning to the postseason.
This morning it was reported that Pat Riley & Co. were in the lead for the small forward with the Mavericks, Suns, and Hawks also in the mix. The Ron Shade client was said to have been turning down offers that had an average annual value of $10MM, but he either couldn’t drum up a better deal or took a little less to enjoy one of the NBA’s most beautiful cities. Regardless of how it came together, it’s a good value for the Heat when considering the contracts given to Gordon Hayward and Chandler Parsons this offseason.
For his career, Deng has averaged 16.0 PPG, 6.3 RPG, and 2.5 APG over ten NBA seasons.
Photo courtesy of USA Today Sports Images.
Heat Re-Sign Dwyane Wade
3:39pm: The deal is official, the Heat announced via press release.
“Dwyane has been the franchise cornerstone for this team since the day he arrived 11 years ago,” team president Pat Riley said in the club’s statement. “He has shown his commitment to the Heat many times over the course of his career and has always been willing to sacrifice in order to help build this team into a champion. This time is no different. I am ecstatic to have him back in the fold and I am confident that Dwyane, as always, will be leading this team as we look to contend for NBA Championships.”
1:54pm: It’s a two-year deal with player option in the final season, sources tell Tim Reynolds of The Associated Press, who expects Wade’s salary for this season to come in between $16-17MM (Twitter link).
1:08pm: Dwyane Wade is indeed set to re-sign with the Heat, reports Jeff Zillgitt of USA Today (on Twitter), confiming Wade’s Instagram post suggesting that a deal is done. There was little doubt that Miami and the Henry Thomas client would strike an agreement, and the Heat made a strong push to retain its longtime star in the hours after LeBron James returned to Cleveland.
Wade opted out of the final two years and $41.819MM remaining on his deal last month in an apparent effort to squeeze more talent on the roster and convince James to re-sign, but it’s unclear just how much Wade will receive on his new contract. Brian Windhorst of ESPN.com estimated that he’d receive a salary of $15MM for the coming season.
Wade, 32, appeared in only 54 games during the regular season this year as knee injuries took a larger toll. He was still an all-around force when on the court, averaging 19.0 points, 4.7 assists and 4.5 rebounds and compiling a 22.0 PER. He was seventh in the latest edition of the Hoops Rumors Free Agent Power Rankings.
The Bulls reportedly gauged Wade’s interest in a deal that would allow him to play in his native Chicago, but he rebuffed them. Miami has become in many ways a second home for the perennial All-Star who’s played only for the Heat during his 11-year NBA career.
Photo courtesy of USA Today Sports Images.
Heat Notes: LeBron, Bosh, Chalmers, Wade
The Bulls were among the teams with which agent Rich Paul took meetings to discuss LeBron James during the first week of free agency, as Ramona Shelburne and Brian Windhorst of ESPN.com reveal in a behind-the-scenes look at LeBron’s choice. Regardless, James was no longer willing to accept being underpaid, as Windhorst examines in a separate piece. James decided before free agency began that he’d take a max contract, and no matter where he would end up, he would demand a deal with a player option after year one, Windhorst writes. James wants to continue to sign short-term deals for the foreseeable future to maintain flexibility in case the maximum salary jumps or is eliminated in the next collective bargaining agreement, as Windhorst explains. He also wants to keep the pressure on Cavs brass to improve the team around him, the ESPN scribe adds. Here’s more on the Heat as they pick up the pieces after LeBron’s departure:
- It wasn’t merely a two-team race between the Rockets and Heat for Chris Bosh, as the Nuggets, Suns and Lakers all made offers to the No. 3 player in the Hoops Rumors Free Agent Power Rankings, reports Tom Haberstroh of ESPN.com.
- The Heat’s contract with Mario Chalmers calls for him to make $4MM for this coming season and $4.3MM in 2015/16, Windhorst tweets. The ESPN scribe pegs the likely salary for Dwyane Wade at $15MM based on the Heat’s other moves this summer and the cap space the team still has available (Twitter link).
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Miami renounced its rights to Ray Allen, Udonis Haslem Michael Beasley, Toney Douglas, James Jones, Rashard Lewis, Greg Oden and the retired Shane Battier and Juwan Howard, tweets Eric Pincus of Basketball Insiders. That’ll make it difficult to re-sign Allen, but the team continues moving toward a new deal with Haslem, according to Ira Winderman of the Sun Sentinel. The Heat would likely use either cap space or the $2.732MM room exception on Haslem.
Western Notes: Miller, Bosh, Tucker, Mavs
The Rockets and the Mavericks are interested in Mike Miller, reports Mark Stein of ESPN.com (Twitter link). The Nuggets have the best financial offer on the table for Miller, but Dallas, Houston, and the Cavaliers offer him a better chance to play for a winner, tweets Stein.
More from out west:
- The Pelicans extended a two-year contract offer to undrafted free agent center Patric Young, reports David Pick of Eurobasket (Twitter link).
- In addition to the Rockets and Heat, Chris Bosh was also being pursued by the Nuggets, Suns, and Lakers, notes Tom Haberstroh of ESPN.com. On why he chose to re-sign with Miami, Bosh said, “There were very enticing offers. There was some surprising advances made in everything, but I ultimately decided to stay in Miami. I think it was the right choice. I benefit from it, the team will benefit from it, from here. My heart was in Miami. I wanted to be there and keep my family there and build relationships and really keep building on something special.“
- It was a long road for P.J. Tucker, but the hard work paid off with his new contract with the Suns, writes Paul Coro of The Arizona Republic.
- Mavericks‘ president of basketball operations Donnie Nelson would like to re-sign free agent center Bernard James, tweets Dwain Price of the Fort Worth Star-Telegram. Nelson said, “We love to be able to have Sarge [James] back because of his shot blocking.” James averaged 0.3 BPG in 30 games last season for Dallas.
- Mavs owner Mark Cuban suggested that Chandler Parsons was the team’s top free agent target all along, writes Bryan Gutierrez of ESPNDallas.com. Cuban said, “I looked at all the main guys that were young that we thought would be available and we loved his game. We liked him the best of all the free agents and that was point one.” In the article Cuban also said that if he was in the Rockets position, he would have matched their offer sheet on Parsons.
Eastern Notes: Knicks, Antic, Turner, Hornets
The Knicks are bringing back Carmelo Anthony on a near-max deal, but Knicks president Phil Jackson signaled that austerity is ahead for the club as it looks to preserve cap flexibility for next summer. Marc Berman of the New York Post has the details, including Jackson’s comments about his desire for the Knicks to get out of the tax, a goal that the team will be unable to accomplish for the coming season without significant salary-clearing trades.
Here’s more from the east:
- The Hawks will not waive Pero Antic and his $1.25MM contract for next season will be fully guaranteed tomorrow, reports Chris Vivlamore of The Atlanta Journal-Constitution (Twitter link).
- The Celtics are interested in free agent Evan Turner, tweets Jeff Goodman of ESPN.com, echoing last week’s report from Darren Wolfson of 1500 ESPN Twin Cities on Minnesota’s pursuit of the former No. 2 overall pick. Turner apparently remains the top priority for the Wolves, Wolfson adds (Twitter link).
- The Hornets haven’t improved their team since free agency began, writes Scott Fowler of The Charlotte Observer. The team has failed to make a big splash, and the signing of Marvin Williams won’t offset the loss of Josh McRoberts to the Heat in free agency, opines Fowler.
Chuck Myron contributed to this post.
Heat Sign Danny Granger
JULY 14th: The deal is now official, the team has announced. Of the signing, Heat president Pat Riley said, “One of our main priorities this offseason was obtaining a proven veteran like Danny with All-Star experience. We expect him to be a multi-position player and have a very successful season in our system.”
JULY 7th: The Heat and Danny Granger have struck a two-year, $4.2MM deal, reports Adrian Wojnarowski of Yahoo! Sports. It’ll be for the bi-annual exception and it’ll include a player option in year two.
It’s the second agreement Miami has reached today after securing a deal with Josh McRoberts for the non-taxpayer’s mid-level exception. Granger, the long-time Pacers star, comes to Miami after finishing last season with the Clippers, largely failing to regain his scoring prowess after missing almost all of 2012/13 with injury.
In 41 combined games for the Pacers and Clippers last season, Granger averaged 8.2 PPG and 3.6 RPG in 20.7 minutes per contest. His total PER amounted to 10.9 and that was boosted by a small uptick in his dozen games with the Clippers.
The Wizards, Suns, and Clippers have been among the teams that have reached out to Granger since the start of free agency. Obviously, the former All-Star has lost a step or three in recent years but the Heat will be delighted if the 31-year-old can at least gain some of that form back. Excluding these last two forgettable seasons, Granger averaged 18.2 PPG and 5.2 RPG.
Wojnarowski reports that Granger was willing to take less than market value for the chance to join up with LeBron James in Miami which would imply that he was offered more elsewhere.