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
Hawks, Marco Belinelli Reach Buyout Agreement
5:02pm: The Hawks have formally requested waivers on Belinelli, the team announced in a press release.
2:18pm: The Hawks are finalizing a buyout agreement with shooting guard Marco Belinelli, leagues sources tell ESPN’s Adrian Wojnarowski (via Twitter). According to Wojnarowski, several contending teams are interested in Belinelli.
Belinelli, who will turn 32 next month, has been his usual productive self for the Hawks this season, averaging 11.4 PPG on .411/.372/.927 shooting in 52 games (23.3 MPG). Given Atlanta’s struggles and Belinelli’s expiring $6.6MM contract, the veteran was widely viewed a strong trade candidate leading up to Thursday’s deadline.
In fact, the Hawks even pulled Belinelli out of their lineup earlier this week as trade talks ramped up, presumably expecting him to be dealt. However, Atlanta ultimately didn’t pull the trigger on any deals. With Belinelli set to hit unrestricted free agency this summer and the Hawks preferring to give minutes to young players down the stretch, it didn’t take long for the two sides to pursue a buyout.
Assuming the Hawks and Belinelli finalize their buyout agreement and the former first-round pick reaches free agency, there should be no shortage of potential suitors. The Thunder, Pacers, Sixers, and Heat were among the teams said to have interest in Belinelli leading up to the deadline, and Darren Wolfson of 5 Eyewitness News tweets that the Timberwolves talked to the Hawks about him too. Contenders like the Warriors, Celtics, Rockets, Cavaliers, and Raptors would also be among the bevy of possible fits.
Belinelli’s decision figures to come down to how heavily he weighs various factors, such as playing time, money, and the ability to legitimately compete for a title.
Trade Deadline Notes: Evans, Faried, Jordan, Muhammad
The Grizzlies haven’t been able to get a first-round pick for Tyreke Evans and may decide to hang onto him, tweets Adrian Wojnarowski of ESPN. If that happens, Memphis will try to re-sign him this summer with its mid-level exception. The Grizzlies could still get at least one second-rounder if they decide to move him today, adds Zach Lowe of ESPN. (Twitter link)
A few more last minute-notes before the deadline arrives:
- Representatives for Nuggets forward Kenneth Faried are still hoping for a deal, Woj adds (Twitter link). Denver has discussed Faried with several teams, including the Pacers, but nothing has happened yet.
- The Cavaliers talked to the Clippers this morning about DeAndre Jordan, but opted for for a series of deals that gave them more athleticism, youth and depth, tweets Ramona Shelburne of ESPN.
- The Timberwolves may buy out Shabazz Muhammad if they can’t work out a last-minute deal, according to Marc J. Spears of The Undefeated (Twitter link). A source tells Spears he will be a coveted free agent if that happens.
- The trade of Noah Vonleh to the Bulls is the last one the Trail Blazers plan to make today, relays Jason Quick of NBC Sports Northwest (Twitter link). That deal was enough to get Portland under the luxury tax.
Pistons In Serious Talks To Acquire Dante Cunningham
The Pelicans and Pistons are engaged in discussions on a deal that would send Dante Cunningham to Detroit in exchange for Brice Johnson and a second-round pick, reports Vincent Goodwill of NBC Sports Chicago (Twitter link). ESPN’s Adrian Wojnarowski (Twitter link) classifies those talks as “serious.”
As I noted earlier today when Scott Kushner of The Advocate described Cunningham as a trade candidate for the Pelicans, the veteran forward has the ability to veto a deal that involves him. However, league sources tell Jake Fischer of SI.com (Twitter link) that Cunningham has requested a trade, so he seems unlikely to take advantage of his ability to block a move.
The Pistons have already reportedly struck a deal with the Bulls to acquire point guard Jameer Nelson in exchange for Willie Reed. Johnson, like Reed, arrived in Detroit as a result of last week’s Blake Griffin trade. If the Pistons can complete a deal with the Pelicans, they’ll end up flipping both of those non-Griffin pieces from the Clippers to new teams in order to fortify their rotation with some additional veteran help.
Cunningham, 30, has spent the last three and a half seasons in New Orleans, appearing in 263 total games for the club during that time and starting almost exactly half (132) of them. Although he has been a reliable rotation piece for most of that time, Cunningham’s 2017/18 marks of 5.0 PPG and .440 FG% are his lowest since he joined the Pelicans, and he was benched for the entirety of the club’s most recent game.
For the Pelicans, Johnson – who has appeared in just 12 NBA games – would offer little upside, but a trade would allow the team to pick up an extra second-rounder and move a little further away from the luxury tax threshold. If the two teams can complete a deal, New Orleans could also absorb Johnson using one of their existing trade exceptions, creating a new trade exception worth Cunningham’s $2,300,000 salary.
If the Pistons and Pelicans don’t get anything done, the Timberwolves would be another team to watch for a Cunningham trade, tweets TNT’s David Aldridge.
Wolves Notes: Trades, Muhammad, Noah
- Having talked to sources around the NBA, Jon Krawczynski of The Athletic tweets that things remain quiet on the Timberwolves‘ front. Shabazz Muhammad may be dealt, but there doesn’t seem to be much else happening for now, says Krawczynski.
- The Knicks aren’t expected to find a trade partner willing to take Joakim Noah. However, opposing executives believe the Thunder and Timberwolves will be among the teams with interest in Noah if he’s waived or bought out, sources tell Ian Begley of ESPN (Twitter link).
Trade Rumors: Chriss, Knicks, Belinelli, Hood
Over at USA Today, Sam Amick and Jeff Zillgitt broke down trade deadline goals for each of the NBA’s 30 teams. While the duo’s round-up mentioned several players already known to be trade candidates, Amick and Zillgitt also identified a few new names.
Kings center Georgios Papagiannis, Timberwolves guard Jamal Crawford, and Nuggets big man Darrell Arthur are among the players who could be available this week, per Amick and Zillgitt. The duo also suggested that a handful of teams are open for business on nearly all of their players. The Hawks are willing to discuss anyone except John Collins; the Mavericks would talk about anyone besides Dirk Nowitzki, Dennis Smith Jr., and Harrison Barnes; and the only players off the table for the Thunder are Russell Westbrook, Paul George, Carmelo Anthony, and Steven Adams.
Here are a few more trade rumors from around the NBA:
- The Suns appear to be exploring deals involving second-year big man Marquese Chriss, according to Steve Kyler of Basketball Insiders, who tweets that the Lakers are one of a few teams involved. However, John Gambadoro of Arizona Sports 98.7, who is well-connected in Phoenix, tweets that those rumors are “totally false,” suggesting that the club hasn’t discussed deals involving Chriss. Scott Bordow of The Arizona Republic also gets involved, tweeting that the Suns would only consider parting with Chriss in a deal for an established player like Kemba Walker.
- Having sending Willy Hernangomez to Charlotte, the Knicks continue to take calls about Kyle O’Quinn and Courtney Lee, and are still trying to trade Joakim Noah, says ESPN’s Ian Begley.
- The Jazz aren’t one of the teams in the mix for veteran guard Marco Belinelli, tweets Tony Jones of The Salt Lake Tribune. According to Michael Cunningham of The Atlanta Journal-Constitution (Twitter link), Belinelli isn’t making the trip to Orlando with the Hawks, as the team continues to mull its trade options.
- As many as 15 teams have called the Jazz to inquire about trade candidate Rodney Hood, tweets Tony Jones.
- In an in-depth look at where things stand for the Kings, James Ham of NBC Sports California says the club doesn’t want to take on a bad contract that runs past 2018/19 or impact its young core led by De’Aaron Fox and Bogdan Bogdanovic.
Forbes Releases 2018 NBA Franchise Valuations
The Knicks are still reeling from Tuesday’s news that Kristaps Porzingis has suffered a torn ACL and will be sidelined for the rest of the season. While Porzingis’ injury essentially eliminates the Knicks from the playoff race in the East, team ownership can at least find some solace in the fact that the organization remains the highest-valued franchise in the NBA, according to a report from Kurt Badenhausen of Forbes.
For the first time, all 30 NBA teams have a perceived worth of $1 billion or more, per Forbes’ annual report. In 2017, 18 teams had a valuation exceeding $1 billion, which was up from 13 teams in 2016 and just three teams in 2015.
The league-wide average of $1.65 billion per team is also a record, with franchise valuations up 22% in total over last year’s figures. NBA franchise values have tripled over the last five years, according to Badenhausen.
Here’s the full list of NBA franchise valuations, per Forbes:
- New York Knicks: $3.6 billion
- Los Angeles Lakers: $3.3 billion
- Golden State Warriors: $3.1 billion
- Chicago Bulls: $2.6 billion
- Boston Celtics: $2.5 billion
- Brooklyn Nets: $2.3 billion
- Houston Rockets: $2.2 billion
- Los Angeles Clippers: $2.15 billion
- Dallas Mavericks: $1.9 billion
- Miami Heat: $1.7 billion
- San Antonio Spurs: $1.55 billion
- Toronto Raptors: $1.4 billion
- Sacramento Kings: $1.375 billion
- Washington Wizards: $1.35 billion
- Cleveland Cavaliers: $1.325 billion
- Portland Trail Blazers: $1.3 billion
- Phoenix Suns: $1.28 billion
- Oklahoma City Thunder: $1.25 billion
- Orlando Magic: $1.225 billion
- Utah Jazz: $1.2 billion
- Philadelphia 76ers: $1.18 billion
- Indiana Pacers: $1.175 billion
- Atlanta Hawks: $1.15 billion
- Denver Nuggets: $1.125 billion
- Detroit Pistons: $1.1 billion
- Milwaukee Bucks: $1.075 billion
- Minnesota Timberwolves: $1.06 billion
- Charlotte Hornets: $1.05 billion
- Memphis Grizzlies: $1.025 billion
- New Orleans Pelicans: $1 billion
For comparison’s sake, Forbes’ 2017 valuations can be found right here.
Timberwolves Interested In Tyreke Evans, Lou Williams
- As we’re all aware of by now, Tyreke Evans and Lou Williams are on the block. One team that could emerge as a suitor for both is Minnesota, Fischer writes. The Timberwolves won’t be the only club looking to add the two talented wings, however.
Lowe’s Latest: Cavs, Jordan, Magic, Nuggets, Sixers
On Monday, we rounded up some of the highlights from a Lowe Post podcast featuring ESPN’s Zach Lowe and Adrian Wojnarowski. Late last night, Lowe published an extensive look at the trade market at ESPN.com, following up on some of the scuttlebutt he shared in that podcast. While there are a few repeated items with Lowe’s piece, he also has plenty of new notes for us as Thursday’s trade deadline approaches. Let’s dive in…
- Lowe views Marc Gasol as a target that would make sense for the Cavaliers if they’re willing to trade the Nets’ 2018 first-rounder. However, he notes that the Grizzlies seem satisfied to stand pat, and the two teams haven’t discussed Gasol. Rival executives also say that the Cavs continue to act as if they won’t trade the Brooklyn pick.
- Outside of the teams already known to have expressed interest in DeAndre Jordan – such as the Rockets, Bucks, and Trail Blazers – the Wizards are another club that has looked into the Clippers center, says Lowe. However, despite investigating the market for Jordan, Washington hasn’t gained any momentum toward a deal.
- Every Magic player except for Aaron Gordon and Jonathan Isaac is “readily available,” sources tell Lowe. Most people around the league think that Elfrid Payton will be playing somewhere besides Orlando next season, Lowe adds.
- As Lowe observes, Nuggets may not be able to afford Will Barton‘s next contract, but the team appears okay with holding onto him through the deadline and risking losing him for nothing this summer. Denver also remains on the lookout for point guards, having kicked the tires on Pacers backup Cory Joseph, per Lowe. However, potential targets like Joseph and Garrett Temple may not be viable due to the guaranteed 2018/19 money on their contracts.
- The Sixers are approaching the trade deadline as buyers, but no longer have as many extra first-round draft picks as they’ve had in recent years, so they may only willing to dangle second-rounders, says Lowe.
- According to Lowe, the Timberwolves have been very cautious about discussing the 2018 first-rounder they’ll get from the Thunder, since they recognize they’ll need cheap players to fill out the roster as Andrew Wiggins and Karl-Anthony Towns get very expensive.
- The Warriors remain on the lookout for bench help — they inquired on Avery Bradley, but got nowhere, league sources tell Lowe.
- The Heat don’t appear to have traction on any major deals, according to Lowe.
Muhammad Doesn't Offer Much Trade Value
- Shabazz Muhammad, who has asked the Timberwolves to trade or release him, doesn’t have much value in a potential deal, writes Jerry Zgoda of The Star Tribune. Zgoda identifies Minnesota’s main assets as Nemanja Bjelica and Justin Patton, but says the team may be reluctant to part with either one. Gorgui Dieng‘s $16MM salary could be useful in landing another star, and the Wolves can offer Cole Aldrich‘s deal, which is only guaranteed for a little more than $2MM for next season until June 20.