New Orleans Pelicans Rumors | Hoops Rumors

Latest on Jrue Holiday

June 30th, 2017 at 10:03pm CST by Eddie Scarito

10:03pm: If Holiday leaves his meeting with the Pelicans without agreeing to a deal, the player will have a sit-down with the Knicks, Marc Berman of The New York Post relays (on Twitter).

9:26pm: Despite reports that the Pelicans are considered the front-runners to re-sign unrestricted free agent Jrue Holiday, the point guard intends to meet with the Pacers this weekend, Tony Jones of The Salt Lake Tribune reports (via Twitter). Holiday is expected to decide one way or another on New Orleans’ offer on Saturday, with an earlier report from TNT’s David Aldridge relaying that there are three other teams in serious pursuit of the 27-year-old. The scribe didn’t name the prospective suitors, so it is unclear if the Pacers were among those franchises he referred to.

It is also unclear if the reported bombshell trade of Paul George to the Thunder will make Indiana a less attractive destination now that the franchise appears to be in full rebuild mode. One would have to think that New Orleans is set up for more immediate success with Anthony Davis and DeMarcus Cousins on the roster, though, getting out of the brutal Western Conference may hold some appeal for Holiday.

If the Pelicans are unable to retain Holiday, it may be difficult to find an adequate replacement, since the club already has more than $85MM in guaranteed salaries on its books, reducing its cap flexibility. Holiday’s bond with the Pelicans is said to be strong after the way the organization supported him during a family crisis last fall.

Holiday appeared in 67 contests for the Pelicans this past season, averaging 15.4 points, 3.9 rebounds and 7.3 assists in 32.7 minutes per outing. His slash line was .454/.356/.708.

Pelicans Strong Favorites To Re-Sign Jrue Holiday

June 30th, 2017 at 3:11pm CST by Luke Adams

3:11pm: Holiday’s plan is to sleep on his decision tonight after meeting with the Pelicans, according to Ramona Shelburne of ESPN.com, who tweets that if the point guard decides he wants to hear more pitches, he’ll line them up later.

TNT’s David Aldridge confirms (via Twitter) that Holiday expects to decide one way or another on New Orleans’ offer on Saturday, adding that there are three other teams in serious pursuit of the 27-year-old.

JUNE 30, 11:11am: There’s “growing optimism” that the Pelicans will re-sign Holiday, tweets Scott Kushner of The Advocate. Marc Stein of ESPN.com (Twitter links) expresses a similar sentiment, reporting that other teams with interest in Holiday are starting to believe he’ll quickly re-sign with New Orleans on a new five-year deal.

Holiday’s bond with the Pelicans is strong after the way the organization supported him during a family crisis last fall, Stein notes.

JUNE 29, 1:29pm: Re-signing free agent point guard Jrue Holiday is the Pelicans’ top priority this weekend, and Holiday will meet with the team when the new league year opens on Saturday, according to Adrian Wojnarowski of The Vertical. If Holiday is unable to reach an agreement with New Orleans during that meeting, he plans on sitting down with other interested teams during the first 48 hours of free agency, Wojnarowski reports.

As Sean Deveney of The Sporting News details, the point guard market is crowded with other free agents (such as George Hill, Kyle Lowry, and Jeff Teague) and potential trade candidates (Ricky Rubio and Eric Bledsoe). Additionally, some of Holiday’s potential suitors are now out of the running or have likely seen their interest decline significantly due to a slew of recent moves around the NBA.

For instance, the Nets, Sixers, and Mavericks were viewed as possible suitors for Holiday, but have added D’Angelo Russell, Markelle Fultz, and Dennis Smith Jr., respectively, within the last week. The Bulls and Knicks were also viewed as teams with interest, but both teams are in rebuilding mode now and Holiday would only be interested in leaving New Orleans for a playoff team, sources tell Deveney. The potential drop-off in interest opens the door for the Pelicans to retain their starting point guard.

“They want to keep him,” one league executive tells Deveney. “They’re going to do all that they can to keep him. But the way things have played out, there is not as much pressure on them, once they roll out the red carpet for him.”

While Holiday’s market may not be as competitive as expected, the Pelicans will still have some competition. Deveney identifies the Nuggets as one threat, since Denver intends to be active in free agency and could use a long-term point guard. A source confirms to Deveney that Holiday will draw interest from the Nuggets.

If the Pelicans aren’t able to re-sign Holiday, it may be tricky to find an adequate replacement, since the club already has more than $85MM in guaranteed salaries on its books, reducing cap flexibility.

Cavs To Make Contract Offer To Kyle Korver

June 30th, 2017 at 12:30pm CST by Luke Adams

12:30pm: The Spurs, Lakers, and Clippers are also expected to have interest in Korver, per Sam Amico of AmicoHoops.net. We can add those potential suitors to the Pelicans and Bucks, who are noted below.

11:57am: The Cavaliers are expected to make a contract offer to Kyle Korver when free agency opens early on Saturday morning, according to Joe Vardon of Cleveland.com. While details of that offer aren’t yet known, it will likely come at 12:01 am ET on Saturday, per Vardon.

Because the Cavaliers traded for Korver during the season, they acquired the veteran’s Bird rights along with him, which will allow them to make him a contract offer without any restrictions. However, the team will have to seriously consider the tax implications of an offer to Korver. Cleveland projects to be well over the tax line already, and repeater tax penalties will be significant.

There are also several other teams believed to have interest in Korver. Vardon names the Pelicans and Bucks as two clubs likely to be among the suitors for the veteran sharpshooter, though it remains to be seen how aggressive those teams – or others – will be.

In addition to eyeing a new deal for Korver, the Cavaliers have also had discussions with Turkish forward Cedi Osman, a draft-and-stash prospect who was the 31st overall pick in the 2015 draft. However, with no cap room and only the taxpayer mid-level exception ($5.192MM) at their disposal, the Cavs’ ability to offer a significant contract will be limited, especially if they intend to use that MLE on someone else. As Vardon notes, Carmelo Anthony remains on the club’s radar as a probable target if he’s bought out, though there’s no indication that the Knicks are leaning toward that option.

The Cavaliers continue to operate without a full-time president of basketball operations or GM in place. We heard earlier this week from ESPN’s Jeff Goodman that Chauncey Billups and the Cavs remained in talks after Billups issued a counter-offer to the team, but there is still no resolution. Assistant general manager Koby Altman has essentially been Cleveland’s acting GM.

Gentry Understands League Is Results-Driven

June 29th, 2017 at 10:57pm CST by Austin Kent

After two lackluster seasons at the helm of the Pelicans, Alvin Gentry is well aware of the fact that the NBA is a “results industry.” The head coach spoke with Scott Kushner of The Advocate, noting that he doesn’t feel that there’s any extra pressure this season.

Brad Wanamaker Hoping To Land Deal With Pelicans Or Celtics

June 27th, 2017 at 12:32pm CST by Luke Adams

Pick also provides an update on Brad Wanamaker, reporting (via Twitter) that Brad Wanamaker is putting Euroleague offers on hold in the hopes of securing an NBA deal with the Pelicans or Celtics. Wanamaker, who played for Turkey’s Darussafaka last season, was voted to 2016/17’s All-EuroLeague team.

Pelicans Sent $1.8MM For No. 31, Received $1MM For No. 52

June 26th, 2017 at 3:35pm CST by Luke Adams

The Pelicans sent $1.8MM to the Hornets in order to move up from No. 40 to No. 31 on draft night to select Frank Jackson, reports Eric Pincus of Basketball Insiders (Twitter link). While that’s a significant price to pay to move up nine spots in the second round, New Orleans recouped some of that money later in the night, according to Pincus, who tweets that the Pelicans got $1MM from the Pacers for the No. 52 overall pick.

That 52nd pick in Thursday’s draft initially belonged to Washington, but was acquired by the Pelicans last week in exchange for Tim Frazier. So, in order to acquire the draft rights to Jackson, New Orleans ultimately gave up Frazier, the No. 40 overall pick, and $800K.

Green, Gobert Headline 2016/17 NBA All-Defensive Teams

June 26th, 2017 at 12:14pm CST by Luke Adams

The NBA has announced its All-Defensive teams for the 2016/17 season, and Defensive Player of the Year finalists Draymond Green, Rudy Gobert, and Kawhi Leonard all earned a place on the First Team. Green led the way with 99 First Team votes, while Gobert received 97 votes for a spot on the First Team.

Here are the full rosters for the NBA’s All-Defensive teams:

First Team:

Draymond Green (Warriors)
Rudy Gobert (Jazz)
Kawhi Leonard (Spurs)
Chris Paul (Clippers)
Patrick Beverley (Rockets)

Second Team:

Tony Allen (Grizzlies)
Danny Green (Spurs)
Anthony Davis (Pelicans)
Andre Roberson (Thunder)
Giannis Antetokounmpo (Bucks)

Avery Bradley (Celtics), Klay Thompson (Warriors), and John Wall (Wizards) were among the other players receiving votes who just missed out on an All-Defensive spot.

As Bobby Marks of The Vertical observes (via Twitter), Gobert’s cap hit for the 2017/18 season will now increase by $500K to $21.9MM based on his spot on the All-Defensive First Team.

Mavericks To Decline Option On Dirk Nowitzki, Negotiate New Deal

June 25th, 2017 at 12:27pm CST by Arthur Hill

The Mavericks will decline their $25MM option on Dirk Nowitzki for next season and work out a new contract, reports Marc Stein of ESPN.com.

The team is considering a two-year deal for the veteran forward, although one source tells Stein that Dallas will do “what Dirk wants.” He has previously indicated that he wants to continue his NBA career on a year-by-year basis.

Nowitzki signed a two-year deal last summer worth $50MM that contained a team option for 2017/18. Turning down that option will give Dallas more financial flexibility when free agency starts on Saturday.

The move leaves Dallas with $64.4MM in guaranteed contracts for next season, along with $55MM in cap holds for Nowitzki and Nerlens Noel, tweets Bobby Marks of The Vertical. The team could have as much as $21MM to work with, but only if Nowitzki agrees to take the $4.3MM room mid-level exception (Twitter link).

Sources tell Stein that Dallas plans to re-sign Noel and focus on its young core and won’t pursue Pelicans free agent Jrue Holiday, who has been linked to the team in past rumors.

Nowitzki has played 19 NBA seasons, all in Dallas. He remained productive this year, averaging 14.2 points and 6.5 rebounds in 54 games after returning from an early-season Achilles injury.

Wolves Plan To Target Kyle Lowry, Three Others

June 24th, 2017 at 7:24pm CST by Arthur Hill

With Jimmy Butler now on board, the Timberwolves’ next step is an upgrade at point guard, tweets Mitch Lawrence of The Sporting News.

Toronto’s Kyle Lowry tops Minnesota’s free agent wish list, according to Lawrence, followed by New Orleans’ Jrue Holiday, Indiana’s Jeff Teague and Utah’s George Hill.

Minnesota has about $20MM in remaining cap room, so more salary would have to be unloaded to offer a max deal. One way to do that, especially if a point guard is being targeted, is to find a taker for incumbent starter Ricky Rubio, who will make $14.25MM next season and $14.8MM in 2018/19.

The Wolves had discussions involving Rubio with the Knicks at last season’s deadline and the Mavericks more recently, but both teams just picked up new point guards in the draft.

Lowry is the most likely of the four to receive maximum money. Coming off three straight All-Star appearances, the 11-year veteran made $12MM with the Raptors this season. Although limited to 60 games by injuries, he averaged a career-high 22.4 points per game.

All four teams have Bird rights on their guards, so they will have the competitive advantage of being able to offer more money and one more season than Minnesota can.

Pacers Buy 52nd Pick, Draft Edmond Sumner

June 22nd, 2017 at 11:47pm CST by Arthur Hill

11:47pm: The Pacers have officially acquired Sumner’s rights in exchange for cash considerations, the team confirmed (via Twitter).

11:03pm: The Pacers purchased the 52nd pick from the Pelicans and used it to take Edmond Sumner of Xavier, tweets Shams Charania of The Vertical.

Sumner is a 6’5″ sophomore point guard who averaged 15.0 points and 5.0 assists in 21 games this season. He suffered a torn ACL in his left knee in January and missed the rest of the season.