Knicks Rumors: Front Office, Rondo, Anthony
With the Knicks unwilling to grant David Griffin final say on basketball decision, it appears very likely that GM Steve Mills will retain some – and possibly full – autonomy on the club’s basketball decisions going forward, writes ESPN’s Ian Begley. Mills is set to run the team at least through this year’s free agent period, and it wouldn’t be a surprise if he’s named the full-time president after that, per Begley.
Marc Berman of The New York Post reiterates that sentiment, noting that no formal negotiations have taken place yet between Mills and the Knicks, but the current GM appears to be on track to becoming the club’s permanent president. As Berman explains, New York figures may continue to conduct interviews, but the club would be on the lookout for a general manager to work under Mills, rather than someone to take over basketball operations.
Here’s more on the Knicks:
- Following up on the Griffin story, Stefan Bondy of The New York Daily News reports that one of the requests made by the former Cavs GM was to remove assistant GM Allan Houston from the front office. The Knicks’ unwillingness to part with Houston or to let Griffin bring in his own staff was one reason why the potential partnership didn’t pan out.
- Currently, Mills is focusing on potentially trading Carmelo Anthony, finding a veteran point guard, and figuring out how to smooth things over with Kristaps Porzingis, according to Begley.
- On the point guard front, the club has remained in touch with Rajon Rondo, and there’s mutual interest there, says Begley. However, the Knicks are out of cap room for the moment, so it’s not clear if Rondo would be willing to settle for the $4.3MM room exception, or if the team is looking to create cap space in order to make a more substantial offer.
- A trade for a veteran point guard is a possibility too, according to Begley, who says New York had “strong” interest in Patrick Beverley before Houston traded him to the Clippers. Begley also mentions Brandon Knight or Eric Bledsoe as possible trade candidates, though there’s no indication the Knicks have talked to Phoenix about those vets.
- No Carmelo deal is imminent, but the Knicks and Anthony “feel good” about getting something done at some point, sources tell Begley. For his part, newly-signed Knick Tim Hardaway said he’d “definitely” like to see Anthony return to the team next season (link via Begley).
NBA Teams With Cap Room Remaining
We’re only on the 10th day of the NBA league year, but already, the number of teams with cap room still available is dwindling.
Clubs without cap room remaining could create space at some point — the Knicks, for instance, used the last of their cap room to finalize Tim Hardaway‘s offer sheet, but may try to clear salary by trading Carmelo Anthony and/or Courtney Lee. For now though, only a handful of teams have a useful amount of cap space left.
Those teams with cap room are listed below, along with an informal breakdown of what their situation looks like. Many deals haven’t yet been finalized, so these figures our based on our projections, with the help of information from Basketball Insiders and HeatHoops.
Teams with cap room remaining:
- Atlanta Hawks: With agreed-upon deals for Mike Muscala and Tyler Dorsey not yet official, the Hawks retain about $18-19MM in cap room. And that’s not counting whatever amount of money Jamal Crawford was willing to give up in his buyout, so that figure may creep a little higher.
- Brooklyn Nets: The Nets remain in a holding pattern with Otto Porter, but after he officially moves over to the Wizards’ books and Brooklyn completes its trade for DeMarre Carroll, the team should have about $16-17MM in cap room. The Nets could create a little more space by waiving one or more non-guaranteed players.
- Denver Nuggets: Once the Nuggets’ signing of Paul Millsap becomes official, the team won’t have much cap flexibility left, though that could change if Mike Miller is waived and/or Mason Plumlee is renounced. If both of those players remain on the cap, Denver will only have about $2MM in room. If they move on from both players, the Nuggets could get up to about $11MM+ in space.
- Indiana Pacers: Assuming the Pacers stretch Monta Ellis‘ salary, as has been reported, they should have in the neighborhood of $7-8MM in remaining cap room, even after finalizing the acquisitions of Darren Collison, Bojan Bogdanovic, and Cory Joseph.
- Los Angeles Lakers: The Lakers have approximately $17MM in cap room left, though they’d have to renounce their remaining unrestricted free agents to make use of all that space.
- Orlando Magic: The Magic could have retained their exceptions and cap holds and stayed over the cap, but it looks like they’re operating under the cap, signing Shelvin Mack with room instead of the mid-level exception. Orlando doesn’t have much space available, but could get up to $8MM+ in room by waiving C.J. Watson, and could increase that number a little more by cutting other non-guaranteed players.
- Philadelphia 76ers: The Sixers’ remaining cap room will depend on the exact numbers for J.J. Redick and Amir Johnson, but it figures to be in the neighborhood of $16-17MM.
- Phoenix Suns: Alex Len‘s $12MM+ cap hold is a significant factor in the Suns’ remaining cap room. If they were to renounce Len, the Suns could get up to about $23MM in room, with the ability to create even more by waiving non-guaranteed contracts. However, if they keep Len on the books, Phoenix’s cap room is below $11MM, and will be reduced further when Alan Williams‘ new deal becomes official.
- Sacramento Kings: Deals for George Hill, Zach Randolph, Vince Carter, and Bogdan Bogdanovic will use up most of the Kings’ space, but the team should still have room in the $8-10MM range after those signings become official.
Teams that went under the cap, but have used all (or virtually all) of their room:
- Boston Celtics
- Miami Heat
- Minnesota Timberwolves
- New York Knicks
These teams went below the cap this summer to accommodate big-money moves. In some cases, those deals aren’t yet official, but when they’re finalized, they’ll eliminate any cap room these teams have left. A couple of these clubs have already committed their room exception to certain players, with the Celtics on track to sign Aron Baynes and the Wolves lining up a deal with Jamal Crawford.
Teams that are operating over the cap, but could create some cap room:
- Chicago Bulls
- Dallas Mavericks
- Utah Jazz
These teams are currently operating as over-the-cap clubs in order to retain their full mid-level, bi-annual, and trade exceptions, but there could be scenarios in which it makes more sense to renounce those exceptions and dip below the cap.
In the Bulls’ and Mavs’ cases, it would likely only happen if they don’t retain top RFAs (Nikola Mirotic and Nerlens Noel, respectively). Meanwhile, the Jazz could only create up to about $12MM in room if they were to waive their non-guaranteed contracts and wait to sign Joe Ingles.
Note: Items on Indiana Pacers and Orlando Magic were edited after publication to adjust figures.
Mills Gives Hornacek Autonomy Over Offense
- Knicks general manager Steve Mills has thrown Phil Jackson‘s triangle “in the trash” and is giving head coach Jeff Hornacek full autonomy to run the team’s offense, tweets Marc Berman of The New York Post. While giving Hornacek more freedom to operate looks like a positive sign, Mike Vaccaro of The New York Post believes the Knicks took a step forward and then two steps back by turning basketball decisions over to Mills after Jackson’s departure.
David Griffin Withdraws Name From Knicks’ GM Search
David Griffin spoke with the Knicks about becoming the team’s next GM, but those talks have ended without a deal materializing, Marc. J. Spears of the Undefeated reports (ESPN Now link). Spears adds that Griffin pulled his name from consideration after he and the team couldn’t come to an agreement on the right role.
It was previously reported that the Knicks were opposed to letting Griffin bring in the same front office staff he had in Cleveland. The organization has several longstanding front office members and it didn’t want to displace many of those executives.
Team executive Steve Mills, who met with Griffin over the weekend, has been handling GM duties on an interim basis since the franchise fired Phil Jackson. New York hasn’t made any substantial player personnel moves this offseason with the exception of signing Tim Hardaway Jr. to a four-year, $71MM deal.
Knicks Talking To David Griffin About GM Role
The Knicks have begun preliminary talks with David Griffin about becoming the team’s next GM, according to Adrian Wojnarowski and Ramona Shelburne of ESPN.com.
The former Cavaliers GM had dinner with team executive Steve Mills on Friday and is expected to meet with owner James Dolan soon. If the Knicks hire Griffin, he will take over day-to-day basketball operations, with Mills moving into the president’s role that was formerly held by Phil Jackson.
However, the Knicks are reportedly opposed to letting Griffin bring in the front office staff he had in Cleveland. New York has an entrenched staff that has been in place for years, and the team is reluctant to make widespread changes, according to the ESPN authors. Sources tell them that Griffin may not accept the job if it means working with an inherited front office.
Griffin had a successful track record in Cleveland, where he served as GM for three years and constructed a championship roster. He was let go at the end of June after his contract expired.
The Knicks are hoping to revamp their roster and are concentrating on players 25 and younger. Their latest move, signing Tim Hardaway Jr. for $71MM over four years, was orchestrated by Mills, according to Wojnarowski and Shelburne.
Knicks Expected To Renew Carmelo Anthony Talks
After signing Tim Hardaway Jr. to a lucrative new deal, the Knicks are expected to renew their willingness to collaborate with the Rockets on trade scenarios to unload Carmelo Anthony, writes Adrian Wojnarowski of ESPN.
The Rockets have been persistent in their pursuit of Anthony, who remains willing to waive his no-trade clause to join Chris Paul and James Harden in Clutch City, per Wojnarowski. ESPN’s report, citing league sources, notes that the Knicks “do not imagine a scenario where Hardaway Jr. is sharing the floor with Anthony to start the season.” The Knicks now have $97.7MM in committed salary for the 2017/18 season with 10 guaranteed contracts, per Bobby Marks of ESPN, so moving Anthony would be one path to regaining a little financial flexibility.
Sam Amico of Amico Hoops provides further context as to what factors figure to be holding up an Anthony trade between the Knicks and either the Rockets or Cavaliers. Since Anthony possesses a no-trade clause, the Knicks’ options may be limited to these two teams.
Amico writes that the Knicks do not particularly want to take back Rockets forward Ryan Anderson and the Cavs aren’t eager to part with forward Kevin Love in a deal for Carmelo. The piece also states that Cleveland has floated Turkish draft-and-stash prospect Cedi Osman to entice New York, but Osman would come attached to multiple unappealing contracts. Amico suggests that the Cavs are content to play the waiting game in hopes that the Knicks cannot reach a deal with the Rockets and resort to buying Melo out.
Hawks Don’t Match Knicks’ Hardaway Offer Sheet
2:08pm: Tim Hardaway Jr. is now officially a Knick, as Hardaway’s agent, Mark Bartelstein, says that Atlanta has officially not matched, per Marc Berman of The New York Post (link via Twitter).
1:45pm: The Hawks have informed the Knicks that they will not match New York’s offer sheet on Tim Hardaway Jr., reports Shams Charania of The Vertical (link via Twitter).
11:27am: The Hawks don’t intend to match the Knicks’ four-year, $71MM offer sheet for Tim Hardaway Jr., reports Adrian Wojnarowski of ESPN. As Wojnarowski notes, the formal deadline for Atlanta to make its decision is still hours away, but Hardaway will ultimately be a Knick — again.
[RELATED: Knicks sign Tim Hardaway Jr. to offer sheet]
Hardaway, 25, enjoyed the best season of his NBA career in 2016/17, averaging 14.5 PPG, 2.8 RPG, and 2.3 APG in 79 games (30 starts) for the Hawks. He also posted a career-best FG% (.455) and had a .357 3PT%, and was even better after the All-Star break, with 17.5 PPG in 25 contests.
While Hardaway’s production was solid and he still has room to improve, the Knicks’ $71MM offer – which came at a time when most teams didn’t have much cap room available – was a surprise. The Hawks were reportedly willing to do a deal in the four-year, $48MM range for Hardaway, but decided not to match a Knicks offer that would hamper their cap flexibility more significantly. Atlanta will have room left over to pursue another RFA or accommodate another salary dump.
In addition to averaging nearly $18MM annually, the Knicks’ deal with Hardaway includes a fourth-year player option and a 15% trade bonus, according to previous reports. The agreement also calls for the shooting guard to receive 50% of his annual salary by October 1 each year.
With Hardaway in the mix, the Knicks will have little – if any – cap room available to spend on other free agents, though the club will still have its $4.3MM room exception. New York also had to renounce its rights to Derrick Rose, among other free agents, in order to clear the space necessary for Hardaway. That all but rules out the possibility of a reunion between Rose and the Knicks, since the team no longer holds his Bird rights.
Hardaway was originally drafted by New York with the No. 24 pick in the 2013 draft. The Knicks traded him to the Hawks in a 2015 draft night trade that netted them Jerian Grant. Grant was traded to the Bulls during the following offseason as part of a package that brought Rose to the Big Apple.
As Marc Berman of the New York Post wrote earlier today, the Knicks’ brain trust views Hardaway as part of a long-term ‘core four’ for the franchise, alongside Kristaps Porzingis, Willy Hernangomez, and Frank Ntilikina.
Photo courtesy of USA Today Sports Images.
Eastern Notes: Hardaway Jr., Celtics, Morris, Hawks
The Knicks‘ four-year, $71MM offer sheet to restricted free agent Tim Hardaway Jr. took many by surprise given that New York is prepared to make a lofty investment in a player the team recently traded. Yet, if the Hawks do not match the Knicks’ offer sheet, the team views Hardaway as part of a ‘core four’ alongside Kristaps Porzingis, Willy Hernangomez, and Frank Ntilikina, Marc Berman of the New York Post writes.
Hardaway, just 25 years old, is coming off a solid year in Atlanta, as he averaged 14.5 PPG and 2.8 RPG while shooting .455% from the floor in 79 games. Hardaway was originally drafted by the Knicks in 2013 but was dealt for Jerian Grant after two seasons in the Big Apple. If he does return, Hardaway will fit the Knicks’ current mold of a young, athletic player — something former team president Phil Jackson didn’t necessarily prioritize during his tenure.
As for Ntilikina, the soon-to-be 19-year-old will look to be a sponge in his first few seasons, learning from veterans and experienced youngsters. Bringing back a productive former member of the team would be a good first step.
Below are additional notes around the Easter Conference:
- The Celtics have made major upgrades this offseason, none bigger than agreeing to a four-year deal with Gordon Hayward. However, general manager Danny Ainge is still not satisfied with the roster and will pursue upgrades, Steve Bulpett of the Boston Herald writes. The team created space for Hayward by rading Avery Bradley to the Pistons for Marcus Morris on Friday, and can now afford to be patient and consider the market before making any other deals.
- Speaking of Morris, he will be a missed presence in the Pistons locker room, Vince Ellis of the Detroit Free Press writes. After coming to Detroit from the Suns in 2015, Ellis writes that Morris’ attitude and intensity resonated with his teammates, fans, and the city of Detroit.
- The Hawks have announced the hiring of veteran NBA coach Chris Jent. Jent, who played professionally for 11 seasons, has previously served on coaching staffs for the Sixers, Magic, Cavaliers, and Kings.
Clippers, Knicks, Others Renounce UFAs
Several NBA teams have renounced their unrestricted free agents, eliminating any form of Bird rights the team had on those players, per RealGM’s transactions log. Here’s a breakdown of which teams renounced their UFAs and what those moves might mean:
Los Angeles Clippers
- Players renounced: Alan Anderson, Jeff Ayres, Brandon Bass, Glen Davis, J.J. Redick, Hedo Turkoglu, and Ekpe Udoh.
- The thinking: Redick has a new deal in place elsewhere and the other players probably aren’t candidates to return. With a hard cap in place after signing-and-trading for Danilo Gallinari, the Clips will have to keep team salary below $125.266MM for the rest of the 2017/18 league year.
New York Knicks
- Players renounced: Ron Baker, Justin Holiday, Derrick Rose, and Sasha Vujacic.
- The thinking: The Knicks needed to clear cap room to fit in Tim Hardaway Jr.‘s offer sheet, so these moves aren’t really a surprise. The one interesting name is Baker — the club also withdrew its qualifying offer to him. He has reportedly agreed to a deal with New York already, but if the team doesn’t need his QO or FA rights to complete that signing, it may just end up being a two-year, minimum salary contract that could be finalized once the Knicks use up their cap room on other players.
Atlanta Hawks
- Players renounced: Jose Calderon, Kris Humphries, Ersan Ilyasova, Paul Millsap, and Thabo Sefolosha.
- The thinking: The Hawks kept cap holds for Hardaway and Mike Muscala on their books, but it appears none of the players noted above are in their plans going forward. Atlanta needed to clear its cap room to take on Jamal Crawford and Diamond Stone in a trade with the Clippers, so the Hawks also had to renounce their five trade exceptions as well.
Detroit Pistons
- Players renounced: Aron Baynes and Kentavious Caldwell-Pope.
- The thinking: With a $125.266MM hard cap now in place, the Pistons will have to keep team salary below that figure for the rest of the league year.
Brooklyn Nets
- Players renounced: K.J. McDaniels
- The thinking: McDaniels’ cap hold likely had to be eliminated from the books in order to fit Otto Porter‘s offer sheet.
Phoenix Suns
- Players renounced: Ronnie Price
- The thinking: I don’t see any obvious reason that the Suns needed to renounce Price’s minimum salary cap hold, but there’s no reason to keep it on the books either — if the team wants to eventually re-sign Price, it can use cap room or the minimum salary exception to do so.
Heat Sign Dion Waiters To Four-Year Deal
July 7, 7:32pm: The Heat have officially re-signed Waiters, the team announced over Twitter.
Ira Winderman of the Sun-Sentinel notes that the Waiters deal had to be announced prior to the Johnson confirmation, at which point a potential Wayne Ellington guarantee could follow.
July 6, 7:01pm: The Heat and Waiters are in agreement on the previously reported four-year, $52MM deal, per several reports. According to Scotto, the deal won’t include any options.
Scotto also reports that the Lakers made a one-year, $17MM offer to Waiters. L.A. has been reluctant to commit any second-year guaranteed money to free agents.
4:48pm: Waiters’ new deal is expected to be a four-year contract, according to Wojnarowski (via Twitter). Michael Scotto of Basketball Insiders (Twitter link) pegs the total value at $52MM over four years.
4:31pm: The Heat are finalizing a contract agreement with Dion Waiters that will bring the free agent guard back to Miami, reports Adrian Wojnarowski of ESPN (Twitter link). Wojnarowski had indicated earlier today that Waiters was considering the Heat, Lakers, and Knicks, and would likely make a decision soon.
[RELATED: 2017 NBA Free Agent Tracker]
Waiters, a former fourth overall pick, didn’t generate much interest in free agency last summer after the Thunder withdrew his qualifying offer, and ultimately signed a modest deal with the Heat. Although he was limited to 46 games (43 starts), the 25-year-old had a nice bounce-back season in Miami, averaging 15.8 PPG, 4.3 APG, and 3.3 RPG with a shooting line of .424/.395/.646.
Armed with a player option for 2017/18, Waiters turned down that option in search of a more lucrative deal on the open market, and was linked to the Lakers, Knicks, Bulls, and Kings. After Miami missed out on top free agent target Gordon Hayward, however, it made sense for Waiters and the Heat to work out a new agreement that allowed him to return to South Beach.
Terms of Waiters’ deal aren’t yet known, but the Heat figure to use a chunk of cap room to re-sign him, since their Non-Bird rights would only allow for a 20% raise. The club would also like to bring back James Johnson and has interest in Rudy Gay, among other free agents, so we’ll see how much cap space is left over after Waiters’ deal.
Waiters had ranked 21st overall on our list of 2017’s top free agents last week.
Photo courtesy of USA Today Sports Images.