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.
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.
Odds & Ends: T-Wolves, Griffin, Nuggets, Hollins
- 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:
Hawks Acquire Kyle Korver
JULY 16: The Hawks have announced via a team press release that they have officially acquired Kyle Korver from the Bulls in exchange for cash. As noted on Twitter by ESPN.com's John Hollinger, the Bulls receive a $5MM trade exception in the deal, and the Timberwolves are no longer involved.
JULY 13: The trade will also include the Timberwolves, according to Johnson (via Twitter). Korver will be absorbed into the Hawks' $5MM trade exception, and the Bulls will receive a second-round pick from Minnesota, says Johnson. It sounds as if one more detail is required here.
2:18pm: The Bulls have agreed to trade Kyle Korver to the Hawks, reports K.C. Johnson of the Chicago Tribune (via Twitter). The deal is pending a physical, and could become a sign-and-trade involving Kirk Hinrich, according to Johnson.
Wolves Officially Sign Batum To Offer Sheet
The Blazers have officially received the offer sheet from Minnesota for restricted free agent Nicolas Batum, tweets Jason Quick of the Oregonian. Chris Haynes of CSNNW.com confirms that it is for four years and $46.5MM with incentives that can take it up to $50MM, as well as a 15% trade kicker.
Nicolas Batum Signs Timberwolves’ Offer Sheet
SATURDAY 7:46pm: The Trail Blazers' unwillingness to work out a sign-and-trade with the Timberwolves may stem from the two teams' ongoing discussions to resolve a dispute involving a prior trade for Webster, reports Ric Bucher of ESPN.com.
FRIDAY 6:15pm: After waiving Martell Webster and trading Brad Miller earlier today, the Timberwolves will not be able to submit their offer sheet to Nicolas Batum until Sunday, writes Jaynes.
THURSDAY 9:51pm: Dwight Jaynes of CSNNW.com writes that Minnesota added a 15% trade kicker to Batum's offer sheet in which a hefty 15% tax is imposed on the team that trades him during his new contract. This essentially makes it more difficult for Portland to match the deal, however, since the Timberwolves have not submitted the offer sheet to the league yet, there still remains the possibility of a sign-and-trade with the Trail Blazers.
Timberwolves Amnesty Darko Milicic
5:08pm: Count the Celtics, Nets and Clippers among the frontrunners to acquire Milicic, reports Marc J. Spears of Yahoo! Sports (via Twitter).
SATURDAY, 4:15pm: Milicic has cleared waivers and is now an unrestricted free agent, ESPN.com's Marc Stein reports (Twitter link).
THURSDAY, 11:55pm: The Timberwolves have officially waived Milicic and designated him as their amnestied player, the team announced (via Twitter). Teams with cap space can place bids on Darko, starting at a minimum of about $2.5MM, according to SI.com's Zach Lowe (via Twitter). If he goes unclaimed, he'll become an unrestricted free agent.
Northwest Rumors: Batum, Tolliver, Randolph, Roy
The Wolves' courtship of Nicolas Batum took another unusual turn last night, when Chris Haynes of CSNNW.com reported that the league has ruled the offer sheet he signed with the team is invalid, since the Wolves don't have enough cap space to accommodate the four-year, $46.5MM deal. Minnesota moved to clear cap space Friday by waiving Martell Webster and trading Brad Miller to the Hawks. They also renounced the rights to free agents Anthony Tolliver and Anthony Randolph, as fellow CSNNW.com scribe Dwight Jaynes reported. But, as Jaynes noted, Webster won't clear waivers until Sunday at 4:00pm Central, at which time the Wolves can finally submit a new signed offer sheet from Batum. That's not the only news from the Northwest, and we've got the rest here:
T-Wolves Waive Webster, Trade Miller To Hornets
5:48pm: The Timberwolves have also traded Brad Miller and two second round picks to the Hornets for a future second round pick, the team announced today.
4:15pm: The Timberwolves have released Martell Webster, according to Adrian Wojnarowski of Yahoo! Sports (via Twitter). Webster's contract for 2012/13 was only partially guaranteed, so most of his $5.7MM salary will come off Minnesota's books. Assuming he clears waivers, Webster will become an unrestricted free agent and can sign with any team.
Blazers Notes: Sloan, Joerger, Griffin, Batum
We heard yesterday that Jerry Sloan withdrew his name from consideration for the Trail Blazers' head coach opening. Today, GM Neil Olshey revealed that Sloan was more seriously considered than we originally thought. Olshey told reporters, including Mike Tokito of the Oregonian, that he offered Sloan the job, but the former Jazz coach declined the offer after sleeping on it (Twitter links). Here are a few more Blazers updates, primarily involving the team's coaching search….