Thunder Rumors

Five Key 2017 Free Agents Impacted By Trades

Expiring contracts are a popular form of currency at the NBA trade deadline when teams are looking to get deals done and create future cap flexibility. In some cases, that means including a player like Andrew Bogut, who has an $11MM expiring contract, can be advantageous for both teams involved in a trade — by moving Bogut, the Mavericks avoided pushing up against the luxury tax, while the Sixers reached the salary floor.

Bogut was waived shortly after being traded to Philadelphia though, so his 2017 free agency wasn’t impacted in a real way by the deadline deal. However, there were several players moved in the hours, days, and weeks leading up to last month’s trade deadline who will be free agents in 2017 and whose change of scenery will significantly impact their situation this summer.

Here’s a closer look at five players eligible for free agency in 2017 who were affected by being traded in February, including one player who was involved in that Sixers/Mavs swap along with Bogut…

Nerlens Noel, Mavericks (RFA)Nerlens Noel vertical

For much of the 2016/17 season, Noel’s long-term outlook was cloudy. The Sixers certainly had no shortage of future cap room, which would have made it easy for them to match any offers Noel received in restricted free agency and retain him for several more years. It’s possible that – if they hadn’t found an acceptable trade offer at the deadline for Noel – they would have done just that this summer, rather than losing him for nothing.

But the Sixers never seemed like a logical long-term fit for Noel, with Joel Embiid in place as the team’s franchise center and Jahlil Okafor and Richaun Holmes also in the mix. While the club may have found a way to make an Embiid/Noel pairing work if the former sixth overall pick had remained on the roster, Noel reportedly preferred to be dealt to a team where he’d have the starting center job to himself.

In Dallas, he’ll have exactly that, and the Mavericks like Noel enough that they’re expected to match any offer sheet he signs this summer. Pursuing Noel in restricted free agency might have saved Dallas a couple second-round picks and the rights to Justin Anderson, but there was no guarantee the club could have pried him away from the Sixers or another team. Now, the Mavs will be the overwhelming favorites to retain Noel for the next few seasons.

Serge Ibaka, Raptors (UFA)

Ibaka is an unrestricted free agent this offseason, so where he finishes the season isn’t as significant as it would be for a restricted free agent like Noel. Still, for rival suitors hoping to land Ibaka, his move from Orlando to Toronto is a big deal.

When reports first began swirling about the Magic’s efforts to move Ibaka, several sources suggested that the odds of the big man re-signing in Orlando were slim. The Magic held Ibaka’s Bird rights at the time, giving them the opportunity to offer five years instead of four, with slightly larger raises, but with Orlando headed for the lottery, Ibaka seemed likely to seek out a team closer to contention.

Having been sent to the Raptors, Ibaka has found a team that fits that bill. GM Masai Ujiri has long coveted the former Thunder power forward, and all signs point to Toronto making a strong effort this summer to lock up Ibaka. Before (and after) the trade, the Raptors were in no position to open up a real chunk of cap room this summer, barring a major roster overhaul. So the fact that they now hold Ibaka’s Bird rights, giving them the ability to go over the cap to re-sign him, means they’ve gone from being a non-contender for his services to the new frontrunner.

Taj Gibson, Thunder (UFA)

Like Ibaka, Gibson is an unrestricted free agent this summer. He’s also not a candidate for a maximum salary offer or a five-year contract, so the fact that the Thunder hold his Bird rights isn’t as important as it would be for some other free agents.Taj Gibson vertical

Still, when an NBA veteran has spent the better part of eight seasons with a single franchise and that team trades him a few months before he hits free agency, the odds of him returning to that team probably aren’t great. During the last couple weeks, we’ve seen Gibson wear a different NBA uniform for the first time in his NBA career, and it’s possible that he’ll put on a third uniform later this year.

That’s not to say the Thunder should be ruled out as a candidate to sign Gibson though. Oklahoma City projects to remain over the cap this summer, so holding Gibson’s Bird rights could be important — if he proves to be a solid fit in OKC, the team would be able to go over the cap to re-sign him.

Bojan Bogdanovic, Wizards (RFA)

Despite playing in New York City, Bogdanovic was toiling in relative obscurity on the NBA-worst Nets this season. Now he’s a key contributor on the No. 3 seed in the East, and he has gotten off to a scorching start in Washington, making 3.3 three-pointers per game at a rate of 58.8% so far. He won’t stay that hot all season, but if he continues to make big shots and remains productive in the playoffs, he’ll improve his free agent stock much more than he could have in Brooklyn.

Bogdanovic’s move from Brooklyn to Washington also could create some interesting new scenarios when it comes to offer sheets. The Nets have plenty of long-term cap flexibility and could have matched any offer for Bogdanovic if they’d wanted to. The Wizards, on the other hand, have already committed major money to John Wall, Bradley Beal, and Ian Mahinmi, among others, and they’ll likely have to go up to the max – or close to it – to re-sign Otto Porter this summer. Will the team be willing to spend on Bogdanovic as well? That remains to be seen.

Mason Plumlee, Nuggets (RFA)

After re-signing three restricted free agents last offseason, the Trail Blazers apparently had no interest in going through the process again this year, and sent Plumlee to a team that has more flexibility to retain him this summer — Denver only has about $55MM in guaranteed salary on its 2017/18 books, as opposed to an incredible $132MM+ for Portland.

After starting every game he played in for the Blazers this season, Plumlee is coming off the bench in Denver, but that shouldn’t be interpreted as a sign that the Nuggets don’t like him. Having sent a first-round pick to Portland in the deal, the Nuggets presumably intend to match any offer sheet Plumlee gets as a restricted free agent, even though he’ll be a second-stringer behind Nikola Jokic. That’s discouraging news for any rival teams that had been hoping to swoop in and steal Plumlee away from the cap-strapped Blazers later this year.

Photos courtesy of USA Today Sports Images.

Northwest Notes: Stephenson, Hayward, Ezeli, Cole

After appearing in four games with Minnesota earlier this season, Lance Stephenson appears likely to rejoin the team on a second 10-day contract. According to Jon Krawczynski‏ of The Associated Press, Timberwolves coach Tom Thibodeau said Stephenson is “coming along” in his recovery from an ankle sprain and should sign a new contract soon (Twitter link). Injuries have sidelined Stephenson’s 2016/17 campaign; “Born Ready” has played in a combined 10 games with the Pelicans and Wolves. 

More from around the Northwest…

  • Kevin O’Connor of The Ringer writes that Gordon Hayward is “one of the most coveted upcoming free agents” that no one is noticing. Hayward, who is expected to decline his 2017/18 player option, has averaged a career-high 22.1 points per game, helping the Jazz maintain a comfortable hold on the fourth seed in the Western Conference. Hayward doesn’t register on casual fans’ radars, O’Connor writes, but the seventh-year wing “might be the key to unlocking Utah’s title chances.
  • Berry Tramel of The Oklahoman answered some questions about the Thunder for his online chat. Tramel called Domantas Sabonis “one of the few bright spots” in a recent loss to the Suns, with the caveat that he will soon be moved to the bench. Similarly, Tramel forecasts a move to the bench for Alex Abrines once Victor Oladipo returns from injury. When it comes to the offseason, Tramel writes “OKC doesn’t have the flexibility to sign a big free agent. It would have to do some kind of sign-and-trade deal, and the Thunder doesn’t have the kind of assets (draft picks) to pull that off. Plus, you have to convince free agents to come. So the likelihood is not strong that the Thunder can change the roster via big-name free agent.”
  • Festus Ezeli‘s season-ending surgery will involve tissue from a cadaver donor, Tim Brown of The Oregonian writes. Per Brown, Ezeli received bone marrow injections in his left knee in August, with the intention of helping him play in 2016/17. It would be pretty surprising to see the Trail Blazers exercise Ezeli’s $7.733MM option for 2017/18.
  • Norris Cole, who has scored 13 points over three games with the Thunder, is “learning on the job,” Brett Dawson of The Oklahoman writes. “I think for him, being pressured and coming into a new system and a new style and having to be a point guard and run the team, it was a difficult task for him,” Billy Donovan said of Cole. “These are the moments I think that will probably help him get better. He’s a veteran guy. He’s smart, he’s bright and he’ll be able to get better from this.”

Cole Steps Up As Veteran Backup

  • The recent signing of Norris Cole gives the Thunder a reliable veteran to back up Russell Westbrook at the point, writes Brett Dawson of the Oklahoman. “[We] just need him to run our team when he’s in there, make good decisions, defend,” says head coach Billy Donovan, “All the things he’s done for most of his career.

Cole Happy To Be Back; Oladipo Hurting

Veteran point guard Norris Cole is thrilled to be back in the NBA after nearly a year away from the league, writes Brett Dawson of the Oklahoman. The Thunder signed Cole for the rest of the season on Wednesday, giving them a veteran point guard to back up Russell Westbrook. The job belonged to rookie Semaj Christon when the season started while Cameron Payne was rehabbing from a foot injury. Christon got it back again when Payne was traded to the Bulls last week. Now Oklahoma City has a more experienced option in Cole, who saw plenty of playoff action during his three and a half seasons in Miami. “I think he understands what he’s walking into and what he’s got to do,” said coach Billy Donovan. “And it will take some time. I think he understands that. Just need him to run our team when he’s in there, make good decisions, defend – all the things he’s done for most of his career.”

Thunder Sign Norris Cole

MARCH 1: The Thunder have officially signed Cole, the team announced today in a press release.

FEBRUARY 28: The Thunder have reached an agreement on a rest-of-season deal with free agent point guard Norris Cole, reports Shams Charania of The Vertical. Oklahoma City had opened up a spot on its roster at the trade deadline when the club sent three players to Chicago and received just two in return, so no corresponding move will be required.Norris Cole vertical

[RELATED: Thunder acquire Taj Gibson, Doug McDermott from Bulls]

Cole averaged a career-high 10.6 PPG and 3.7 APG last season in 45 games for the Pelicans, but was unable to land a deal with an NBA team as a free agent during the 2016 offseason. The 28-year-old ended up signing with a Chinese team, the Shandong Golden Stars, and averaged 19.1 PPG and 4.3 APG in nine CBA games before being released due to an injury.

A report in January suggested that Cole was nearing a return to full health after battling hamstring problems, so he should be good to go for for the Thunder. According to Charania, Cole recently received clearance from the CBA to sign with an NBA club.

Although there had been some rumblings that the Thunder might use their newly-opener roster spot to bring back former OKC big man Kendrick Perkins, it made more sense for the club to add a point guard. The deal with the Bulls sent Cameron Payne to Chicago, creating some potential depth issues at the position behind Russell Westbrook.

The Thunder could technically create approximately $3MM in cap room by renouncing a trade exception, but a minimum-salary contract for Cole is likely, in which case cap space would be unnecessary. Assuming the veteran guard formally signs a minimum deal with Oklahoma City today, his cap hit for the remainder of the season would be just under $254K.

Photo courtesy of USA Today Sports Images.

New Additions Fitting In

  • Despite having to master a new playbook in the middle of a season and pack enough items to live off of in a new city, the newly acquired Thunder players brought over in Oklahoma City’s Thursday deal are adjusting just fine. “They have a great culture here that they’ve built, starting at the top,” Doug McDermott told Brett Dawson of the Oklahoman. “It makes it really easy for guys like me and Taj Gibson to fit in.

NBA D-League Assignments/Recalls: 2/26/17

Here are the D-League transactions for Sunday:

NBA D-League Assignments/Recalls: 2/25/17

Here are the D-League transactions for today:

  • The Thunder have assigned forward Josh Huestis to their D-League affiliate, the team announced via press release. In 23 starts with the Oklahoma City Blue, Huestis has averaged 14.3 points and 6.2 rebounds per game.
  • The Cavaliers have recalled rookie point guard Kay Felder from their D-League affiliate, the team revealed on their official website. Felder has averaged 30.7 points, 6.0 rebounds and 6.0 assists per game in his only three stints with the Canton Charge.

NBA Teams Below Salary Cap For 2016/17

At this point in the season, most teams aren’t going to do much with any leftover cap room. Teams are no longer able to make trades, and most free agents still on the market won’t demand more than the minimum.

Still, there’s reason to consider which teams remain below the cap after this week’s trade activity. With useful veteran players potentially hitting the free agent market as a result of contract buyouts, a team with some extra cap room might have a leg up on teams without any spending flexibility.

For instance, if the Rockets and Warriors were to pursue the same free agent – perhaps Andrew Bogut, if he’s bought out by the Sixers – Houston could offer a deal worth up to about $3.5MM with cap room, while Golden State would be limited to offering a prorated minimum salary worth closer to $400K. That’s a significant difference.

It’s also worth keeping an eye on teams that remain below the minimum salary floor, since those clubs could enter the bidding for a bought-out player or could claim a player off waivers. The Jazz, for instance, probably don’t need a big man like Bogut, but if they wanted him and he became available, Utah has enough cap room to claim his entire $11MM+ contract. That would keep him off the open market and allow the Jazz to surpass the salary floor.

Using our Salary Cap Snapshots, let’s take a closer look at the teams below the cap, starting with teams still below the salary floor:

Teams below the salary floor:

  1. Utah Jazz: $13.64MM below cap ($4.23MM below floor)
  2. Minnesota Timberwolves: $12.66MM below cap ($3.24MM below floor)
  3. Denver Nuggets: $11.56MM below cap ($2.15MM below floor)
  4. Brooklyn Nets: $10.21MM below cap ($793K below floor)

Less than a month ago, there were six teams below the salary floor. Since then, the Nets and Nuggets have taken major steps toward the floor, while the Suns and Sixers have gotten above it entirely. That leaves the Jazz and Timberwolves as the clubs furthest below the salary floor.

As we’ve noted in the past, there’s no real penalty if a team remains below the floor — the team simply has to make up the difference by paying their current players a little more money. However, the Jazz and Wolves figure to be mulling other opportunities to reach the floor. That could mean placing a waiver claim or – in Utah’s case – renegotiating a contract.

We haven’t heard any rumors lately about the Jazz discussing a new deal with an extension-eligible veteran like George Hill or Derrick Favors, so that seems like a long shot. But the team does have until the end of February to renegotiate and extend either player’s contract, so it’s worth keeping an eye on.

Teams below the cap, but above the floor:

  1. Phoenix Suns: $9.226MM below cap
  2. Philadelphia 76ers: $8.62MM below cap
  3. Indiana Pacers: $4.14MM below cap
  4. Boston Celtics: $1.11MM below cap

Although the Suns and Sixers have inched above the salary floor, they’re not necessarily out of the woods quite yet. Phoenix needs the contracts of Jared Sullinger and Mike Scott to pass through waivers unclaimed, while the Sixers will require the same for Bogut if they eventually cut him. If any of those deals are claimed, they’ll move to another team’s cap, pushing Phoenix or Philadelphia back below the floor.

Teams that could clear cap room by renouncing exceptions:

  1. Houston Rockets: $3.54MM below cap if TPEs are renounced (largest TPE: $3.33MM)
  2. Oklahoma City Thunder: $3.05MM below cap if lone TPE ($4.94MM) is renounced
  3. Milwaukee Bucks: $1.75MM below cap if TPEs are renounced (largest TPE: $5MM)
  4. Chicago Bulls: $1.59MM below cap if lone TPE ($5.46MM) is renounced

These teams are technically over the cap, but could go under if they chose to renounce their trade exceptions. In some cases, that might not make much sense. For instance, the Bucks and Bulls would have less than $2MM in cap room if they renounced their exceptions. Both teams have trade exceptions worth at least $5MM, so it probably makes sense to stay over the cap for now and see if those exceptions come in handy around the draft.

On the other hand, the amount of cap room the Rockets would have if they renounced their trade exceptions would be greater than the amount of their largest TPE, so it makes sense for Houston to dip below the cap, expunging those TPEs from their books. That would also allow the Rockets to use cap room to sign a free agent, something they couldn’t do using a trade exception.

The rest of the NBA’s 18 teams don’t currently have cap room. That includes the Lakers, whose moves this week took them over the cap by just $316K.

Post-Deadline Housekeeping: New TPEs, Open Roster Spots

There were no superstars on the move on Thursday, but NBA teams made eight trades, and there were many more signings and cuts completed once the deadline passed. In the wake of the deadline, we’ll take a look at a few roster- and cap-related notes, rounding up the new traded player exceptions that teams created on Thursday, as well as examining which teams still have space available on their rosters.

Let’s dive in…

New trade exceptions:

Several over-the-cap teams acquired new trade exceptions on Thursday. They’ll all expire on February 23, 2018, a year after they were created, or until they’re used or renounced by the teams below. If a club wants to use cap room, it must renounce its trade exceptions, but until then, these TPEs can be used in the summer or next season to acquire players.

Here’s the breakdown, in order of TPE value:

  • Dallas Mavericks: $6,642,537
  • Chicago Bulls: $5,462,000
  • Milwaukee Bucks: $5,000,000
  • Atlanta Hawks: $3,333,334
  • Houston Rockets: $3,333,333
  • Dallas Mavericks: $1,514,160
  • Houston Rockets: $612,172
  • Toronto Raptors: $328,000
  • Houston Rockets: $233,880

Some notes related to these TPEs:

  • Multiple teams on this list, including the Rockets and Bucks, could open up cap room by renouncing their trade exceptions. In Houston’s case, this is particularly notable, since the club would create more than $3.5MM in cap space by renouncing these TPEs. That cap room could come in handy very soon if the Rockets are trying to entice a free agent to sign with them instead of another contender that can only offer the minimum.
  • As is always the case with TPEs, some of these exceptions will be more useful than others. The Mavericks could end up doing something interesting with their $6.6MM+ TPE, but the Raptors will almost certainly never use theirs for $328K.
  • The Thunder also came out of Thursday’s action with a new TPE — sort of. Oklahoma City had created a trade exception worth $7.4MM on November 1 when the team sent Ersan Ilyasova to Philadelphia. The Thunder used a portion of that exception at the deadline to absorb Doug McDermott‘s salary, leaving approximately $4.94MM left on it. OKC will have until November 1 to use the rest of that TPE.
  • For the complete list of trade exceptions across the NBA, click here.

Teams with open roster spots:

A day after the trade deadline, the list of teams with open roster spots is incredibly fluid. Some teams that acquired players in trades don’t have any use for those players, and will waive them. Other clubs will fill roster holes with D-League call-ups, while other teams will be a little more patient and wait out the buyout market.

All of this is to say that this list is up to date at the time of publication, but could change quickly as teams make more moves this weekend. Here are the teams that currently have at least one open spot on their 15-man roster, with their player count noted in parentheses:

  • Charlotte Hornets (13): The 10-day contracts for Ray McCallum and Mike Tobey expired overnight, so Charlotte has two open spots. The team reportedly plans to use one on Johnny O’Bryant.
  • Cleveland Cavaliers (14): The Cavs have 13 guaranteed contracts, plus Derrick Williams‘ 10-day deal. The team expects to sign Deron Williams as well, so if any other roster additions are coming after that, Cleveland would need to clear a roster spot.
  • Dallas Mavericks (13): The Mavs have two openings after completing a two-for-one trade with the Sixers, then waiving Deron Williams.
  • Houston Rockets (14): The Rockets opened up a roster spot by trading K.J. McDaniels, and may waive Marcelo Huertas as well. Houston is expected to be active on the buyout market.
  • Milwaukee Bucks (14): The Bucks created a roster opening by sending Roy Hibbert to Denver, and they’re expected to fill it by signing Axel Toupane to a 10-day contract.
  • Minnesota Timberwolves (14): Unlike most of the teams on this list, the Wolves have carried an open roster spot for a while, and that didn’t change at the deadline.
  • Oklahoma City Thunder (14): The Thunder traded three players to Chicago and received just two in return, creating an opening. They have their eye on free agents and buyout candidates.
  • Orlando Magic (14): Like Minnesota, the Magic were carrying an open roster spot prior to the deadline and didn’t make a move on Thursday.

The Suns will join this list as soon as they officially waive Mike Scott and Jared Sullinger, as is expected. They’ll fill one of those two newly-open spots with Ronnie Price. There are also three teams that have full 15-man rosters with at least one player on a 10-day contract. The Hawks, Warriors, and Pelicans fall into this category, with Briante Weber‘s second 10-day deal in Golden State set to expire soon.

For a full breakdown of NBA roster counts, check out our list.