Timberwolves Rumors

Blazers Match Offer Sheet For Nicolas Batum

FRIDAY, 12:08pm: The Blazers have now officially announced the Batum signing (Twitter link).

WEDNESDAY, 6:24pm: The forward will earn $10.7M in each of the first two seasons while year three is worth $10.9MM and year four is $11.2MM, tweets Chris Haynes of CSNNW.com.

6:20pm: Batum's deal includes a $1.5MM signing bonus, according to Chris Haynes of CSNNW.com (via Twitter).

4:49pm: Olshey informed reporters, including Joe Freeman of the Oregonian (Twitter link), that Batum's offer sheet wasn't quite as high as the $46.5MM that had been reported. The Blazers GM explained that some of the incentives included in the deal were rejected by the NBA, and said Portland would still have a little cap room left after signing Batum and Ronnie Price (Twitter link).

4:16pm: The Trail Blazers have officially matched the Timberwolves' offer sheet for Batum, the team announced today. The Blazers' contract with Batum will be for four years and $46.5MM. It includes a 15% trade kicker, and could be worth up to $50MM if Batum reaches certain incentives.

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Northwest Notes: Timberwolves, Leuer, Nuggets

Here's a look at the latest out of the Northwest division..

Pacific Notes: Lakers, Hill, Rush, Warriors

Here’s a look at the latest out of the Pacific Division..

Southwest Notes: Lin, Mavericks, Grizzlies

Earlier today, we rounded up a number of pieces reacting to the Knicks' decision to let Jeremy Lin sign with the Rockets, but the Lin updates continue to pour in. ESPN's J.A. Adande argues that Houston is the ideal spot for Lin to thrive, while the day's most interesting Lin piece came from Pablo S. Torre of SI.com, who chronicles the point guard's free agency process.

"Honestly, I preferred New York," Lin told Torre. "But my main goal in free agency was to go to a team that had plans for me and wanted me. I wanted to have fun playing basketball. … Now I'm definitely relieved."

As the newest Rocket arrives in Houston, here are a few more items out of the Southwest Division:

  • The Mavericks are still scouring the free agent market for bench options, GM Donnie Nelson tells Dwain Price of the Fort Worth Star-Telegram: "We're always looking. It's one of those situations where free agents have to be looking out for their best interest, and it's our job to look out for the Mavericks' best interest. We're looking at trying to get the best possible talent that we can."
  • While the Mavs could still choose to re-sign Delonte West, Jeff Caplan of ESPNDallas.com wonders if the club should turn its focus to a rebounder instead, and lists a few potential targets.
  • The Grizzlies' front office is happy with how the roster is shaping up, says Ronald Tillery of the Memphis Commercial Appeal. Tillery adds that the team still expects to send Dante Cunningham to Minnesota for Wayne Ellington, and that the trade could be finalized any day. I imagine the Timberwolves are still waiting for resolution on Nicolas Batum's offer sheet.

Latest On Courtney Lee

With most of the big-name free agents off the board, Courtney Lee appears to be the top option remaining on the market among wing players. As such, he's drawing plenty of interest — Paul Flannery of WEEI.com writes that agent Dan Fegan advised Lee to be patient, and that patience is close to paying off.

If the Timberwolves' offer sheet to Nicolas Batum is matched by Portland, as expected, both Minnesota and Phoenix will have plenty of cap space to use on Lee. The 26-year-old is also drawing interest from the Bulls and Celtics, though those clubs would likely have to acquire Lee via sign-and-trade.

A deal with Chicago might pique the Rockets' interest, as the Bulls have a $5MM trade exception that could be used to avoid sending salary back to Houston. As the Rockets pursue Omer Asik and Dwight Howard, it's unlikely the team would want to absorb any contracts, which a trade with Boston would require. According to Steve Bulpett of the Boston Herald, Lee has expressed a "strong interest" in playing for Doc Rivers and the Celtics, but with a sign-and-trade difficult to work out and the bi-annual exception unlikely to be enough for Lee, that appears to be a long shot.

Lee may have been a Plan B for some teams that missed out on players like Batum, Eric Gordon, and O.J. Mayo, but as one of the top available targets out there now, he appears to be in line for a lucrative deal.

Free Agent Rumors: Timberwolves, Rush, Mills

A couple more notable names came off the free agent market this morning, when Kris Humphries landed a two-year deal from the Nets and Grant Hill agreed to sign with the Clippers. While a number of solid rotation players are still available, the market is rapidly thinning for teams in search of starters. As clubs continue to jockey to sign the remaining available players, we'll track many of today's free agent rumors right here:

Earlier updates:

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Odds & Ends: Gordon, Cavaliers, Vazquez

Eric Gordon may have to win back some of the fans in New Orleans this year after comments he made about his "heart" already being in Phoenix and not wanting the Hornets to match after the Suns signed him to an offer sheet. Marc J. Spears of Yahoo elaborates on Gordon's thoughts throughout the free agency process and says that the Gordon is now committed to leading a young New Orleans team moving forward. Spears also says that the 6'3 guard has the ability to opt out after the third season and become an unrestricted free agent. Here's more of the miscellaneous tidbits what we've heard this evening..

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Timberwolves Eyeing Lee, Stiemsma

While much of today's speculation has revolved around whether the Knicks will match Jeremy Lin's offer sheet, another sheet that's worth nearly twice as much will be resolved tomorrow. If the Timberwolves' $46.5MM offer sheet to Nicolas Batum is matched by Portland, the T-Wolves are expected to shift their focus to other free agents, including Courtney Lee and Greg Stiemsma, according to A. Sherrod Blakely of CSNNE.com.

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Grizzlies, Timberwolves Discussing Trade

TUESDAY, 12:11pm: The Grizzlies believe they have a verbal agreement to swap Dante Cunningham for Wayne Ellington, but the Timberwolves seem to be looking to include Cunningham in another deal before finalizing anything, reports Ronald Tillery of the Memphis Commercial Appeal. Tillery speculates that the T-Wolves are waiting for resolution on Nicolas Batum's offer sheet before making any other moves official.

"The shoe will drop this week or it won't get done," one source told Tillery, on the Grizzlies/Timberwolves trade talks.

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Odds & Ends: T-Wolves, Griffin, Nuggets, Hollins

Chris Haynes from CSNNW.com has confirmed that the Timberwolves offered Derrick Williams and two first round picks in exchange for Nicolas Batum earlier this summer. Portland, obviously, turned the deal down. (Twitter link). Batum has signed an offer sheet that was given to him by Minnesota, but Trail Blazers general manager Neil Olshey has repeatedly said he would match it before the Wednesday night deadline, sending him back to Portland on a four-year, $46.5MM deal. 
  • After tearing his left meniscus during a Team USA practise last Wednesday, Blake Griffin was forced to remove himself from the Olympic games. The Clippers forward had successful surgery today, and is still expected to be ready in time for training camp, tweets Yahoo! Sports columnist Marc J. Spears. 
  • The Nuggets are considering using their amnesty provision on forward Chris Andersen, tweets Gery Woelfel of the Racine Journal Times. Andersen has two years and $9MM left on his deal.

Earlier updates:

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