New Orleans Pelicans Rumors | Hoops Rumors

Rockets, Pelicans, Wizards Swap Ariza, Asik, Ely

July 15th, 2014 at 2:19pm CST by Zachary Links

2:19pm: The deal is official, the Pelicans have announced. New Orleans is folding Scotty Hopson into the trade after acquiring him over the weekend, marking the third trade for Hopson’s non-guaranteed contract in less than a week. So, It’s Asik, Casspi and $1.5MM to the Pelicans, Ariza, Gee, Hopson and a protected 2015 first-round pick to the Rockets, and Ely to the Wizards.

TUESDAY, 10:23am: The NBA has given its approval for the trade, and a formal announcement is forthcoming, according to John Reid of The Times Picayune (Twitter link).

SUNDAY, 7:55pm: Ely will not be retained by the Wizards, tweets J. Michael of CSNWashington.com.

5:59pm: Ariza will go to Houston on a three-way deal, according to David Aldridge of NBA.com (on Twitter). The Pelicans will get Omer Asik, Omri Casspi, and $1.5MM from the Rockets. Houston will get Ariza from Washington, Alonzo Gee, and a protected 2015 first-round choice from New Orleans. The Wizards will take on the non-guaranteed contract of Melvin Ely from New Orleans while receiving a $8.5MM trade exception (link).

Of course, Asik was already headed to the Pelicans in exchange for the 2015 first-rounder. Now, the deal has been expanded to help facilitate the Ariza sign-and-trade. Gee, meanwhile, has now been traded twice inside of a week.

5:08pm: The Rockets will acquire Trevor Ariza in a sign-and-trade deal with the Wizards, according to Adrian Wojnarowski of Yahoo Sports (on Twitter). The Wizards will get a $8.5MM trade exception by making the deal, but it’s not clear what they’ll be sending to Houston in the trade.

The Rockets and Ariza agreed on a four-year, $32MM deal yesterday. A number of teams were rumored to be interested in the sharpshooter’s services, but the Rockets came out on top. Ariza will try and help fill the void at small forward for Houston now that Chandler Parsons is Dallas-bound.

Ariza’s contract is structured on a declining scale, according to Sam Amick of USA Today. He will earn $8.6MM this season, and $8.2MM, $7.8MM, $7.4MM, in the following years. Ariza could have served as a stretch four alongside Dwight Howard if Parsons was retained, but he’ll now line up at his natural position.

In 77 games with the Wizards last season, the Rob Pelinka client averaged 14.4 points and 6.2 rebounds per night. He shot 40.7% from beyond the arc, well above his career mark of 34.7%. Ariza, 29, played in Houston during the 2009/10 season.

While Ariza is a nice addition, it goes without saying that this wasn’t the summer the Rockets had in mind.

Pelicans Sign Russ Smith

July 15th, 2014 at 12:29pm CST by Chuck Myron

JULY 15TH: The deal is official, the team announced via press release.

JULY 9TH: The Pelicans have agreed to sign former Louisville point guard Russ Smith, the 47th overall pick in this year’s draft, to a guaranteed contract, as Louisville coach Rick Pitino told reporters, including Jeff Greer of The Courier-Journal (Twitter link). The length of the contract and the amount of guaranteed money aren’t immediately clear. The Pelicans acquired the rights to Smith in a draft-night trade that sent the rights to last year’s second-rounder Pierre Jackson to Philadelphia.

Smith was a consensus All-American this past season as a senior for the Cardinals, averaging 18.2 points and 4.6 assists in 29.3 minutes per game. He also shot 38.7% from behind the three-point line. That percentage along with his assists average were significant increases from 2012/13, when he helped lead Louisville to the national championship.

The 6’1″ 23-year-old appears to be the first 2014 second-round pick who’s agreed to a deal, as our list of 2014 Draft Pick signings shows.

Western Notes: Miller, Bosh, Tucker, Mavs

July 14th, 2014 at 9:07pm CST by Eddie Scarito

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.

Pelicans Likely To Waive Omri Casspi

July 14th, 2014 at 12:19pm CST by Chuck Myron

The Pelicans will likely waive Omri Casspi once their trade agreement to acquire the forward from the Rockets is complete, reports Marc Stein of ESPN.com, who indicates that the swap is expected to become official on Tuesday (Twitter link). The camp for the Dan Fegan client would love to see him wind up with the Knicks, tweets David Pick of Eurobasket.com.

Casspi’s minimum salary is non-guaranteed, and it wouldn’t become fully guaranteed unless the Pelicans waited until after the August 5th to waive him, and that doesn’t appear to be an option they’re considering. It’s somewhat surprising that the Pelicans are eager to let Casspi go, since he revived a flagging career last year in Houston, averaging 6.9 points in 18.1 minutes per game. He posted a PER of just 12.9, but he was a part of the rotation for a Houston team that won 54 games. He’ll likely merit consideration for at least a fully guaranteed minimum-salary deal.

The Pelicans have been involved in a series of moves in the past few days, acquiring Alonzo Gee from the Pelicans and moving him to Houston in the trade agreement that will net the team Casspi and Omer Asik. They’re also shipping Melvin Ely to the Wizards as part of the Asik trade.

Western Notes: Blazers, Parsons, Cunningham

July 14th, 2014 at 12:00pm CST by Chuck Myron

Agent Mark Bartelstein told Chris Haynes of CSNNW.com last week that there remained a chance that Mo Williams would re-sign with the Blazers, but the door is largely closed to that possibility, leaving a disappointed Damian Lillard, as Haynes writes.

“He’s someone who I can say will be a friend forever,” Lillard said. “We got that close in a year. He’s was the one guy I wanted back the most but that’s not in my power and I understand that. We still talk and plan to link up down the road but it’s tough to know he’s not coming back.”

Still, Lillard added that he likes Portland’s additions of Chris Kaman and Steve Blake. Here’s more from around the West:

Rockets GM Daryl Morey called the structure of the offer sheet Chandler Parsons signed with the Mavs “one of the most untradeable structures that I’ve ever seen” in an appearance on SportsTalk 790 AM in Houston, as Tim MacMahon of ESPNDallas.com transcribes.
The Rockets have reached out to Dante Cunningham, who’s still a long shot to re-sign with the Wolves, reports Darren Wolfson of 1500 ESPN Twin Cities (Twitter link).
The Warriors remain in touch with Jermaine O’Neal as he ponders retirement, observes Diamond Leung of the Bay Area News Group.
Anthony Morrow is set to join the Thunder and Brian Roberts has a deal with the Hornets, and the Pelicans went ahead Sunday and renounced their rights to both, as the RealGM transactions log shows.

Hornets Send Scotty Hopson To Pelicans

July 14th, 2014 at 7:24am CST by Chuck Myron

The Hornets have traded Scotty Hopson to the Pelicans, both teams announced via press release late Sunday. Charlotte had just acquired Hopson from the Cavs on Saturday. The Hornets receive cash in return.

It’s perhaps only fitting that Hopson has been in two trades in as many days, since his contract was largely designed to be swapped. The Cavs signed him on the last day of March this past season for the rest of the 2013/14, and they tacked on a non-guaranteed 2014/15. Cavs GM David Griffin used the mid-level exception in an apparent attempt to make Hopson’s non-guaranteed salary larger, and thus more useful for salary matching purposes in trades. Griffin nonetheless could have signed a veteran of 10 or more seasons to the minimum salary and created an even larger non-guaranteed 2014/15 salary while spending much less in prorated guaranteed salary last season.

Hopson played all of seven minutes at the end of last season for Cleveland, and it seems doubtful he’ll add to that total for New Orleans. The 6’7″ swingman has played primarily overseas since going undrafted out of the University of Tennessee in 2011, and if he so much as makes it to training camp this fall, it’ll be a first for the one-time McDonald’s All-American.

Western Notes: Pelicans, Parsons, Grunwald

July 12th, 2014 at 6:03pm CST by Cray Allred

The Thunder lost a valuable weapon Friday with the expiration of a $6.5MM trade exception left over from last year’s sign-and-trade of Kevin Martin to the Wolves. The Thunder had hoped to use the exception to acquire Pau Gasol, and today lost out on the big man, report Marc Stein and Ramona Shelburne of ESPN.com. Here’s more from out West:

The Warriors had considered using their own expired trade exception to acquire Brandon Bass, among other players, reports Zach Lowe of Grantland.
The Pelicans renounced their rights to Al-Farouq Aminu, Jason Smith and James Southerland, tweets Mark Deeks of ShamSports. That means they no longer hold any form of Bird rights on the trio.
The Suns also renounced Emeka Okafor‘s rights in a move that will erase his $19.2MM cap hold from Phoenix’s books, Deeks reports in a separate tweet.
Sources tell Marc Stein of ESPN.com (via Tim MacMahon of ESPN.com) that although the Rockets just snagged small forward Trevor Ariza, Houston is still deciding whether to match Chandler Parsons‘ max offer sheet with the Mavs.
The Grizzlies have been talking up Glen Grunwald as a candidate for their GM-in-waiting search, Mitch Lawrence of New York Daily News reports. Lawrence expects Memphis to hire Grunwald for the job.

Chuck Myron contributed to this post.

Cavs Trade Alonzo Gee To Pelicans

July 11th, 2014 at 4:46pm CST by Chuck Myron

4:46pm: The deal is official, the Cavs announce. Gee goes to the Pelicans, and Cleveland will get the Clippers’ 2016 second-round pick, which New Orleans acquired in a previous trade, protected through pick No. 55. If it doesn’t fall within the final five selections in 2016, the Pelicans don’t owe the Cavs anything.

4:36pm: The Cavs will still acquire No. 45 overall pick Dwight Powell from Charlotte as part of a reworked Haywood deal, reports Rick Bonnell of the Charlotte Observer (Twitter link).

3:09pm: The Pelicans will waive Gee upon receiving him from the Cavs, according to Ken Berger of CBSSports.com (Twitter link).

2:57pm: The Cavs and Pelicans have struck agreement on a deal that sends Alonzo Gee to New Orleans, reports Brian Windhorst of ESPN.com (Twitter link). Marc Stein of ESPN.com first reported the teams were close to a deal, which nullifies the agreement that Cleveland had to send Gee to the Hornets for Brendan Haywood. Cleveland apparently still plans to acquire Haywood from Charlotte via other means, as Stein reported. A source also told Stein that Gee could wind up as part of the Pelicans’ deal with the Rockets to acquire Omer Asik,

Gee’s $3MM salary for this season is non-guaranteed, so it’s conceivable that the Pelicans envision waiving him to create the necessary cap flexibility to accommodate their deal for Asik, though that assumes New Orleans is giving up salary as part of the trade. The Cavs are reportedly still trying to clear room for a max contract for LeBron James, as Stein wrote earlier, and losing Gee, whose salary can be taken off the books, wouldn’t advance Cleveland toward that end unless other deals are in the works.

The 27-year-old Gee has been a part of the rotation for Cleveland for the better part of the last two seasons, and he started all 82 games in 2012/13. He mostly came off the bench this past season, averaging 4.0 points in 15.7 minutes per game.

Bosh Mulling Max Offers From Heat, Rockets

July 11th, 2014 at 4:02pm CST by Chuck Myron

4:02pm: Miami has offered Bosh a deal for five seasons at the maximum salary in hopes of dissuading him from taking Houston’s four-year max offer, TNT’s David Aldridge reports (Twitter link). Only Miami can offer the fifth year.

3:52pm: The Heat are putting up a fight to keep Bosh, who’s set to make his decision today, Wojnarowski tweets.

1:55pm: Bosh will speak with Rockets coach Kevin McHale soon, and he’s nearing a commitment to the Rockets, Wojnarowski reports (on Twitter).

1:28pm: The Heat would target Patrick Beverley in sign-and-trade talks, according to Sean Deveney of The Sporting News (Twitter link).

1:10pm: The Rockets won’t reach out to the Heat about any sign-and-trade scenarios until they receive a firm commitment from Bosh, Wojnarowski tweets.

12:21pm: The Rockets believe that Bosh will commit to them soon, a source tells Marc Stein of ESPN.com.

12:03pm: Bosh and the Rockets are moving quickly toward securing a deal, Wojnarowski tweets, seemingly indicating that he’s headed to Houston. If they do reach agreement, the Rockets will match the Mavs’ offer sheet for Chandler Parsons, Wojnarowski hears, echoing an earlier report.

FRIDAY, 11:55am: In the wake of James’ decision to sign with the Cavs, Bosh hasn’t made up his mind about signing with Houston, tweets USA Today’s Sam Amick, though the Rockets believe they’ll have a commitment soon, a source tells Marc Stein of ESPN.com (Twitter link). The Rockets are moving quickly to complete a deal for Jeremy Lin to clear the necessary cap room for Bosh, according to Adrian Wojnarowski of Yahoo! Sports (on Twitter). They’ll also have to finalize their deal to send Omer Asik to the Pelicans, and the Pelicans are considering waiving Austin Rivers and using the stretch provision to clear cap space, as Grantland’s Zach Lowe tweets, since they still don’t have room for Asik.

THURSDAY, 7:54am: Bosh has yet to decide whether he’d sign with the Rockets, regardless of what happens with LeBron, agent Henry Thomas tells Mark Berman of Fox 26 Houston.

9:01pm: A source denies that any contingency plan is in place with Bosh and Houston, tweets David Aldridge of NBA.com.

6:57pm: Bosh’s intention would be to leave Miami for Houston if LeBron doesn’t re-sign with the Heat, league sources tell Wojnarowski. The Rockets are prepared to clear enough cap room to offer Bosh a four-year, $88MM contract per Wojnarowski’s sources, although it remains to be seen if Chandler Parsons‘ looming offer sheet signing with the Mavs adds a wrinkle to those plans.

WEDNESDAY, 2:49pm: The Rockets and Bosh’s camp are in talks today amid uncertainty over where LeBron will play next season, Wojnarowski tweets.

TUESDAY, 7:20am: Wojnarowski clarifies his report about Bosh’s desire to play in Miami, tweeting that while Bosh indeed prefers to play there, he’s still open to Houston’s offer.

MONDAY, 1:56pm: Bosh is waiting to find out what James is going to do, not the other way around, a source tells Ramona Shelburne of ESPNLosAngeles.com (Twitter link).

1:47pm: Bosh spoke with the Rockets this morning for the first time, Wojnarowski writes. He still prefers to remain with the Heat and play with James, but the Rockets would be Bosh’s top choice should he leave Miami, according to Wojnarowski adds.

1:10pm: Chris Bosh is considering a max offer from the Rockets, reports Chris Broussard of ESPN.com (Twitter link). Bosh received a lower offer from the Heat and spoke to LeBron James this weekend, Broussard adds.

Bosh’s camp and the Rockets had been continuing conversations today after Houston started making a strong push for the Henry Thomas client. Bosh hadn’t personally spoken with any Rockets officials as of last night, but it appears Houston is moving quickly on the sharpshooting big man. It also appears to indicate that the Rockets aren’t waiting around for either James or Carmelo Anthony to decide on their destinations. Perhaps they feel they’re out of the running for one or both of them, though that’s just my speculation.

The 30-year-old has expressed on multiple occasions that he’d like to remain in Miami, and he still prefers to play with James on the Heat next season, as Wojnarowski reported this morning. His conversation this weekend with James seems to have given Bosh the notion that James might not be back with the Heat next season.

Cavs, Pelicans Close To Alonzo Gee Deal

July 11th, 2014 at 2:48pm CST by Chuck Myron

2:48pm: The Cavaliers have other means to acquire Haywood from the Hornets as planned, and it’s also possible that Gee winds up in the Pelicans’ deal with the Rockets for Asik, according to Stein (Twitter links).

2:13pm: The Cavs and Pelicans are close to a deal that would send Alonzo Gee to the Pelicans, tweets Marc Stein of ESPN.com. Stein casts it as part of an effort from Cleveland to clear max cap room for LeBron James, but it was believed that Cleveland already had max cap room for James, and that the Cavs had agreed to a deal that would send Gee to the Hornets. Additionally, sending Gee away wouldn’t create any extra cap flexibility, because his $3MM is non-guaranteed. Gee indeed isn’t part of the Haywood deal, Stein adds (Twitter link).

Gee makes sense as an acquisition for the Pelicans, who are also trying to clear cap room to facilitate their deal to acquire Omer Asik from the Rockets. Ostensibly, it seems they would be sending salary to Cleveland, so perhaps the Cavs are in other talks to clear salary, though that’s just my speculation.

New Orleans has reportedly considered waiving former No. 10 overall pick Austin Rivers to make room for Asik, but if the Pelicans acquire Gee and give up salary, they might be able to create the requisite cap room by waiving Gee instead.