Thunder Rumors

Latest On Dwyane Wade

The Bulls reached a buyout agreement with Dwyane Wade on Sunday, and while that transaction hasn’t yet been made official, the future Hall-of-Famer is expected to be waived and reached the free agent market very soon.

We heard on Sunday night that the Cavaliers are the early frontrunners for Wade’s services, and that hasn’t changed today — Alex Kennedy of HoopsHype notes (via Twitter) that LeBron James and other Cavs are recruiting the veteran guard, and TNT’s David Aldridge tweets that there’s a “strong belief” Wade will end up in Cleveland.

Still, the Cavs will hardly be the only team in the running for Wade. Let’s dive in and round up all the latest on the situation…

  • Carmelo Anthony and Paul George have started recruiting Wade on behalf of the Thunder, sources tell Kennedy (Twitter link). The Lakers are also among the teams that have reached out to Wade, Kennedy adds (via Twitter).
  • The Heat would welcome back Wade with open arms, with one player suggesting that the locker room is “100% hoping it happens,” tweets Tim Reynolds of The Associated Press. However, Miami hadn’t formally reached out as of Sunday night, per Kennedy (Twitter link).
  • Speaking to Reynolds, Wade indicated on Sunday night that he’s looking to find a new NBA home quickly. “I’m going to take tonight and some of tomorrow and speak to the teams or players that are on my list and go from there,” Wade said on Sunday night. “My decision is a pure basketball decision and I’ll make the one that fits me best at this point in my career, and with what I feel I have to offer a team that needs what I have to offer.”
  • In a conversation with K.C. Johnson of The Chicago Tribune, Wade praised the Bulls and said he had no complaints about the way the franchise dealt with him, though he questioned the club’s decision to trade Jimmy Butler and embark on a full-fledged rebuild. “You’ve got one of the top five or six players in the game [in Butler],” Wade said. “That’s what you want and you were able to build that in-house. I was a little disappointed because being up 2-0 versus Boston on the road, Rondo goes down. If that doesn’t happen, we’re having a different conversation.”

Knicks Trade Carmelo Anthony To Thunder

SEPTEMBER 25: The Knicks have officially traded Anthony to the Thunder for the package detailed below, the team announced today in a press release. In a separate announcement, the Knicks also confirmed they’ve waived Chasson Randleas expected – in order to create room on their roster to accommodate the incoming players from Oklahoma City.CarmeloAnthony vertical

SEPTEMBER 23: The Knicks have reached an agreement with the Thunder that will send Carmelo Anthony to Oklahoma City, reports Adrian Wojanrowski of ESPN (Twitter links). According to Wojnarowski, New York will receive Doug McDermott and Enes Kanter in the deal, along with a draft pick. Shams Charania of The Vertical (Twitter link) indicates that pick will be the Bulls’ 2018 second-rounder.

The trade call will officially take place Monday, Wojnarowski adds, as Russell Westbrook and Paul George were successful in their lobbying efforts to get Anthony to waive his no-trade clause for the Thunder (Twitter link). Carmelo also has a relationship with top Thunder executive Troy Weaver, who recruited him to Syracuse a decade and a half ago.

Anthony has agreed to waive his $8.1MM trade kicker, since the deal wouldn’t have worked otherwise, according to ESPN’s Bobby Marks (Twitter link). Anthony will retain his no-trade clause with the Thunder (Twitter link). Taking on his $26,243,760 salary will increase OKC’s projected luxury tax payment by $12.4MM, up to a total of $27.8MM (Twitter link).

The Knicks were at the maximum of 20 players before the trade, so a roster move will have to be made by Monday in order to make room for the extra incoming player. New York has five non-guaranteed players coming to camp, so one of them will likely be waived.

The Knicks will incur Kanter’s 15% trade bonus of $2.68MM, which pushes his cap hit for this season to $20.56MM (Twitter link). Kanter also has an $18.6MM player option for 2018/19 — his kicker doesn’t apply to that salary since trade bonuses don’t affect team or player option years. As for McDermott, he’s making $3.3MM in the final year of his rookie contract and is eligible to receive an extension until October 16. He’ll be on track to become a restricted free agent next summer if no agreement can be reached this year.

The Thunder obviously made the move with an eye toward winning this season, but it creates a fascinating scenario for the future of the franchise. Anthony, Westbrook and George are all currently eligible to become unrestricted free agents next summer, so this could be a one-year experiment.

Of course, the Thunder currently have an extension offer on the table for Westbrook, and Anthony has a lucrative player option for 2018/19, so there’s no guarantee there will be a mass exodus out of OKC after this season. Still, it would be difficult financially to retain all three players — Marks estimates the cost of keeping all three would bring the Oklahoma City payroll to $157MM with an additional $143MM in taxes (Twitter link).

For the Knicks, it closes a long chapter in their troubled relationship with Anthony, who was hailed as a franchise savior when he was acquired from the Nuggets in 2011. He never delivered the playoff success that was expected and became the target of public criticism from former team president Phil Jackson. Having expressed a desire to go to the Rockets for most of the 2017 offseason, Anthony expanded his list of preferred teams this week, adding Cleveland and Oklahoma City, which allowed the Knicks to get something done.

New York has now fully committed to the rebuilding project that the new management team outlined when it took over. The Knicks were reluctant to trade Anthony to the Cavaliers because they wanted him out of the Eastern Conference, according to TNT’s David Aldridge (Twitter link), although it’s hard to understand why, giving the team’s remote playoff chances. Even though Jackson was dismissed this summer, hard feelings with Carmelo remained and the organization wanted a fresh start (Twitter link).

The trade of Anthony represents the culmination of an eventful offseason that saw many of the East’s best players join new clubs. Anthony is the sixth player from 2017’s Eastern Conference All-Star squad to change teams, following in the footsteps of George, Jimmy Butler, Paul Millsap, Isaiah Thomas, and Kyrie Irving. Anthony, George, Butler, and Millsap all moved over to the Western Conference.

Photo courtesy of USA Today Sports Images. Luke Adams contributed to this post.

Northwest Notes: Anthony, Wolves, Nurkic, Nuggets

Agreeing on a trade to acquire Carmelo Anthony on Saturday took the Thunder roster from formidable to elite. Joining the reigning NBA Most Valuable Player, Russell Westbrook, and fellow offseason acquisition, Paul George, gives Anthony the winning culture he craved in New York the last four seasons. Despite the upgrade, the Thunder are still far from the Western Conference’s best team, Fred Kerber of the New York Post writes.

Several rival executives explained to Kerber that the defending champion Warriors are still the best team in the West. While the Thunder can give Golden State a challenge, and possibly fend up the Spurs and Rockets for second place, one scout said the underwhelming package the Knicks received for Anthony is also alarming.

“Are the Thunder a better team than they were yesterday? Yes. Are the Knicks a worse team than they were yesterday? Yes. The fact they got a second-round pick says they really wanted Carmelo gone. And they needed another center? Unless they’re going to buy [Joakim] Noah out. Kanter is a horrible defender,” the scout said to Kerber.

The Warriors have been to the last three NBA Finals, winning two of them. Factoring in a roster that has two-time MVP Stephen Curry, one-time MVP Kevin Durant, and stalwarts Draymond Green and Klay Thompson, the Thunder will have a lot of work to do before claiming dominance over the West.

Below you can read additional news around the Northwest Division:

Thunder To Sign Isaiah Canaan To Camp Deal

Free agent guard Isaiah Canaan will sign a non-guaranteed deal with the Thunder, tweets Shams Charania of The Vertical.

Canaan has been searching for a team all summer after being waived by the Bulls at the end of June before his $200K guarantee for the upcoming season kicked in. The 26-year-old guard got into 39 games for Chicago last season, averaging 4.6 points in about 15 minutes per night.

If he earns a roster spot, Oklahoma City will be his fourth NBA team. He has also played for the Rockets and Sixers during his first four years in the league.

Canaan’s signing comes a day after Trey Burke agreed to a deal with the Thunder, then reconsidered and decided to seek a different opportunity. OKC has been looking for a veteran point guard to back up Russell Westbrook.

Thunder Notes: George, Anthony, Westbrook, Kanter

Paul George says the Thunder feel like a “championship team” after Saturday’s blockbuster deal that brought Carmelo Anthony to Oklahoma City, relays Sam Amick of USA Today. The Thunder now have last season’s scoring champ in Russell Westbrook [31.6 points per game], along with No. 15 in George [23.7] and No. 22 in Anthony [22.4].

“You put us three together, who all have something to prove still, [and] we’re going to be a special team,” said George, who was acquired from Indiana in OKC’s other major offseason move. “We have a young group, a lot of talent here, an unbelievable coach [in Billy Donovan], [and] as you see, a front office that’s willing to do whatever it takes to improve the team. It just has all the makeups to be a great organization and a chance to put championships together.”

There’s more news out of Oklahoma City:

  • Anthony’s college coach, Jim Boeheim of Syracuse, believes he is headed to a much better situation with the Thunder, writes Brian Lewis of The New York Post. Boeheim says the 33-year-old Anthony improved his conditioning this summer and probably has three to four good years left in the league. “Melo had to work so hard in the triangle,” Boeheim added. “It’s a good offense, but not what he does best. He had to work so hard to get his shot, and get a shot at the end of clock, and he’d have seven seconds. He’s much better when he plays with good players, gets open shots, opportunities to post up and do things, post up as well. It’ll just be a lot easier. I think he’s anxious to prove he’s still [a star].”
  • If the Thunder are the NBA’s newest superteam, Westbrook’s decision to accept an extension after Kevin Durant left for Golden State last summer made it possible, writes Royce Young of ESPN. Without that commitment, Oklahoma City may have explored a trade to avoid losing superstars in back-to-back years with no compensation. And without Westbrook, the team never would have dealt for George or Anthony. Westbrook is facing an October 16 deadline to decide on a new extension offer that would pay him $207MM over five years.
  • Anthony will continue to wear No. 7 with the Thunder, Young tweets.
  • Enes Kanter, who was shipped to New York in the trade, was part of the effort to convince Anthony to waive his no-trade clause for Oklahoma City, according to Brett Dawson of The Oklahoman (Twitter link). This summer, Kanter spoke with a coach who works with Anthony and put in a good word for the Thunder.

Trey Burke Backs Out Of Deal With OKC

Trey Burke and Thunder appeared to be coming close on a deal to add the point guard to OKC, but Burke has decided against joining the club at this time, Shams Charania of The Vertical tweets. Burke will return to the free agent market and look for another opportunity.

The Michigan product was dealt to the Wizards last offseason and was expected to be the team’s answer at the backup one spot. However, he fell out of the rotation after the team inked Brandon Jennings and the organization opted against extending a qualifying offer to him at year’s end.

As Arthur Hill of Hoops Rumors noted earlier today, Burke previously received interest from the Knicks. The timing of the deal suggests that the Carmelo Anthony trade had something to do with the point guard’s decision, though that is merely my speculation. Perhaps the lure of playing for the Knicks, a team that’s now void of superior offensive talent outside of Kristaps Porzingis, or the fact that another perimeter threat is heading to OKC caused Burke to reconsider his prior commitment.

Since being drafted with the No. 9 overall pick in the 2013 draft, Burke has averaged 10.6 points and 3.6 assists per game. He shot a career-high 44.3% from behind the arc last season, though it was on just 1.2 attempts per game.

Thunder To Sign Trey Burke

[UPDATE: Burke has reportedly backed out of a potential deal with the Thunder. Read the full story here.]

The Thunder are putting the finishing touches on a deal with free agent point guard Trey Burke, tweets Shams Charania of The Vertical.

The 24-year-old has been looking for an opportunity since the Wizards refused to extend him a qualifying offer after the end of last season. Burke spent one year in Washington after being acquired in a trade with the Jazz, averaging 5.0 points and 1.8 assists in 57 games. He was the primary backup to John Wall for much of the season, but fell out of the rotation after Washington signed Brandon Jennings in February.

Burke attended a workout for the Timberwolves earlier this month and a free agent mini-camp with the Bucks in late August. He received interest from the Knicks as well.

If Burke makes the Oklahoma City roster, he will compete with newly signed Raymond Felton to be a veteran backup to Russell Westbrook.

Latest On The Carmelo Anthony Trade

Carmelo Anthony recently added the Thunder to the list of teams he would waive his no-trade clause to join, but Oklahoma City GM Sam Presti and New York GM Scott Perry had been discussing a deal for weeks, reports Adrian Wojnarowski of ESPN.

Talks intensified over the last 24 hours before the agreement was reached earlier today. Anthony had reportedly insisted for most of the summer that he would only go to Houston, but he expanded that list this week to include the Thunder and Cavaliers.

The deal will be formally completed Monday, and Oklahoma City expects to have Anthony on hand when training camp begins Tuesday.

More has emerged since the trade was announced:

  • Sources tell ESPN’s Ian Begley that Anthony believed yesterday there was a good chance he was headed to Cleveland (Twitter link). Anthony has a tight relationship with LeBron James, and the Cavaliers could use another scorer while Isaiah Thomas is sidelined with a hip injury.
  • The addition of Anthony could put the Thunder in the running to sign Dwyane Wade once he reaches a buyout with the Bulls, tweets Chris Mannix of the Vertical. Wade probably wouldn’t start in Oklahoma City and the team can’t offer much money, but he may be willing to accept a sixth man role to take another shot at a ring beside Anthony, Russell Westbrook and Paul George.
  • Presti should be lauded for rebuilding the Thunder without surrendering a first-round pick, tweets Michael Lee of The Vertical. OKC send Victor Oladipo and Domantas Sabonis to Indiana in exchange for George, then shipped Enes Kanter, Doug McDermott and a 2018 second-rounder to the Knicks to get Anthony. The Thunder already owe their 2018 first-round pick to Minnesota (lottery protected) and another first-rounder to Orlando two years later.
  • Oklahoma City had a secret weapon, Lee adds, in vice president and assistant GM Troy Weaver, who helped recruit Anthony when he was an assistant coach at Syracuse (Twitter link).
  • The trade establishes the Thunder as the greatest threat to the Warriors’ dominance in the West, writes Dieter Kurtenbach of The San Jose Mercury News. He sees Anthony stepping into a much better role as a complementary stretch four in Oklahoma City, rather than a primary scorer in New York. OKC added free agent Patrick Patterson this summer and re-signed defensive ace Andre Roberson and may now have the pieces to challenge Golden State in a seven-game series.
  • ESPN’s Kevin Pelton graded the deal, giving the Thunder an A and the Knicks a D. Kanter and McDermott were both defensive liabilities, Pelton states, and the new alignment gives Oklahoma City a small-ball lineup that matches up much better with the Warriors. The Knicks didn’t take on any long-term contracts, but they also didn’t fill any pressing needs unless McDermott develops into a reliable wing scorer. Pelton expects New York to explore the trade market for Kanter before the February deadline.
  • Oklahoma City used two key pieces from the Bulls to pull off today’s deal, and Chicago doesn’t have much in return, writes Scott Krinch of CSNChicago. McDermott and the 2018 second-rounder that was shipped to the Knicks both came to OKC in a February trade that sent Cameron Payne, Joffrey Lauvergne and Anthony Morrow to the Bulls. Lauvergne and Morrow left as free agents over the offseason, and Payne will miss three to four months after foot surgery.
  • Kanter posted a message on Twitter, thanking the fans and management in Oklahoma City and saying, “Please beat the Warriors for me.”

Durant Apologizes; Abrines Waiting To Be Cleared

  • Appearing at a tech conference in San Francisco this week, Kevin Durant expressed remorse for the tweets sent from his Twitter account earlier this week, calling them “idiotic” and “childish,” as Mark Medina of The Bay Area News Group details. The messages, in which Durant was critical of his former Thunder teammates and head coach Billy Donovan, drew a response from Enes Kanter. According to Andrew Joseph of USA Today, Kanter said he wasn’t mad about the tweets, but said it was “really sad” to see Durant express those views about an organization that “gave everything to him.”
  • After injuring his knee this summer, Alex Abrines is pain-free and feels like he can do “everything” on the court, but he’s still waiting to receive full clearance from the Thunder, as Brett Dawson of The Oklahoman details.

NBA Teams That Can’t Offer More Than The Minimum

At this point in the NBA offseason, most free agents who remain on the open market will have to settle for minimum salary contracts, if they receive an NBA offer at all.

There are some exceptions, particularly on the restricted free agent market, where Mason Plumlee just signed a three-year, $41MM deal with the Nuggets. Within the last week or two though, we’ve seen top remaining unrestricted free agents like Shabazz Muhammad, Tony Allen, and Andrew Bogut settle for minimum salary contracts.

That’s good news for several teams who have used all their available cap room and/or exceptions and can only offer minimum salary contracts for the rest of the 2017/18 league year. They won’t necessarily be at a disadvantage when it comes to signing free agents if those players aren’t being offered more than the minimum by teams with the means to do so.

In some cases though, an inability to offer more than the minimum can handicap a team. Dante Cunningham‘s free agent decision this week reflects this — according to multiple reports, the deal Cunningham agreed to with the Pelicans is actually worth $2.3MM, which is more than his minimum salary of $2.1MM. While we haven’t seen the official terms of Cunningham’s new contract yet, it’s possible that the $200K difference was one reason Cunningham chose New Orleans over a suitor like the Timberwolves, who could only offer the minimum.

Teams with the flexibility to offer more than the minimum could also benefit later in the NBA season. For instance, if Dwyane Wade negotiates a buyout with the Bulls and considers which team to join as a free agent, the fact that the Heat have retained their $4.328MM room exception could be a factor — it would allow Miami to make a stronger offer than the Cavs could.

With that in mind, here’s a breakdown of the teams that currently don’t have the ability to offer more than the minimum salary, which is $815,615 for a first-year player:

  • Boston Celtics
  • Detroit Pistons
  • Golden State Warriors
  • Houston Rockets: $350 of mid-level exception available
  • Los Angeles Clippers: $774,770 of mid-level exception available
  • Memphis Grizzlies: $1,440,385 of mid-level exception available, but will use at least $815,615 to sign Ivan Rabb.
  • Minnesota Timberwolves
  • New York Knicks
  • Oklahoma City Thunder

Meanwhile, the following teams have less than $3.29MM (the value of the bi-annual exception) to offer to free agents:

  • Cleveland Cavaliers: $2,549,143 of taxpayer mid-level exception available
  • Utah Jazz: $1,128,000 of room exception available
  • Washington Wizards: $1,902,000 of taxpayer mid-level exception available

Of course, just because a team has an exception available, that doesn’t mean the club will be eager to use it. Teams like the Bucks or Pelicans, for instance, still have various MLE and BAE exception money available, but their proximity to the luxury tax threshold will make them reluctant to offer more than the minimum salary to anyone the rest of the way.

For a full breakdown of how teams have used their mid-level, room, and bi-annual exceptions for the 2017/18 league year, be sure to check out our MLE tracker and BAE tracker.