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Four Teams Finalize Dwight Howard Blockbuster

August 10th, 2012 at 1:34pm CST by Luke Adams

1:34pm: Ken Berger of CBS Sports has tweeted a number of the details on the traded draft picks in the deal. We've updated the list below to reflect the protection on those picks.

12:19pm: The Magic, Lakers, Nuggets, and 76ers have completed their trade call with the league office, making Dwight Howard a Los Angeles Laker, according to Adrian Wojnarowski of Yahoo! Sports (via Twitter). The Magic officially announced the transaction in a press release this afternoon.

The details of the massive four-team swap can be found in our post from yesterday that tracked updates as they came in. But here's a quick recap of how the deal looks from each team's perspective based on what's been reported so far, with players' 2012/13 salaries in parentheses. If anything changes when the teams make their official announcements, we'll update this post to reflect that.

Orlando Magic
Acquire: Arron Afflalo ($7,750,000), Al Harrington ($6,687,400), Josh McRoberts ($3,135,000), Maurice Harkless ($1,731,960), Nikola Vucevic ($1,719,480), Christian Eyenga ($1,174,080), protected 2014 first-round pick from Nuggets¹, protected 2015 first-round pick from Sixers², protected 2017 first-round pick from Lakers³, Warriors' 2013 second-round pick from Nuggets, conditional 2015 second-round pick from Lakers⁴
Trade: Dwight Howard ($19,536,360), Jason Richardson ($5,799,625), Chris Duhon ($3,250,000), Earl Clark ($1,240,000)

The Magic also create a trade exception worth about $17.8MM in the deal, as outlined here.

Denver Nuggets
Acquire: Andre Iguodala ($14,968,250)
Trade: Arron Afflalo ($7,750,000), Al Harrington ($6,687,400), protected 2014 first-round pick from Nuggets¹, Warriors' 2013 second-round pick

Philadelphia 76ers
Acquire: Andrew Bynum ($16,889,000), Jason Richardson ($5,799,625)
Trade: Andre Iguodala ($14,968,250), Maurice Harkless ($1,731,960), Nikola Vucevic ($1,719,480), protected 2015 first-round pick²

Los Angeles Lakers
Acquire: Dwight Howard ($19,536,360), Chris Duhon ($3,250,000), Earl Clark ($1,240,000)
Trade: Andrew Bynum ($16,889,000), Josh McRoberts ($3,135,000), Christian Eyenga ($1,174,080), protected 2017 first-round pick³, conditional 2015 second-round pick⁴

¹The lesser of the Nuggets' and Knicks' first-rounders.
²Top-14 protected in 2015, 2016, top-11 in 2017, top-8 in 2018; if the pick still hasn't been conveyed after four years, the Magic will receive 2018 and 2019 second-rounders instead of a first-rounder. The pick cannot be conveyed until the Sixers meet their draft pick obligations to the Heat, which could delay the Magic from getting a first-round pick until 2017.
³Top-5 protected in 2017 and 2018, unprotected in 2019. The pick cannot be conveyed until the Lakers meet their draft pick obligations to the Suns, which would prevent the Magic from getting a first-round pick if the Lakers fail to make the playoffs the next three years. If that takes place, the Magic will receive 2017 and 2018 second-rounders instead.
⁴Top-40 protected; if the pick isn't conveyed in 2015, the Magic will not receive it.

Bulls Stayed Involved In Howard Trade Talks

August 10th, 2012 at 12:07pm CST by Luke Adams

While it appears the Magic are dotting the I's and crossing the T's on a blockbuster deal that will send Dwight Howard to the Lakers, there was no shortage of other potential destinations for the star center. According to Nick Friedell of ESPNChicago.com, the Bulls were one darkhorse suitor that stayed active in trade discussions with the Magic up until the end.

Chicago engaged former Magic GM Otis Smith in talks involving Howard, and continued to have dialogue with new GM Rob Hennigan after Orlando made its front office changes, says Friedell. Derrick Rose was, of course, off-limits in trade talks, so any Bulls package would likely have involved some combination of Joakim Noah, Luol Deng, Taj Gibson, Nikola Mirotic, draft picks, and perhaps even Omer Asik, before he signed with the Rockets.

Based on the trade the Magic have agreed to, Chicago's offer, which would have included at least one expensive, long-term deal in Noah or Deng, may not have appealed to the Magic. It's also unclear whether the Bulls would have pulled the trigger on any deal without assurances that Howard would sign long-term, but it sounds as if they were at least thinking about it.

Howard To Lakers, Bynum To 76ers In 4-Team Deal

August 10th, 2012 at 11:18am CST by Chuck Myron

11:18am: SI.com's Sam Amick tweets that McRoberts will be heading to Orlando in the deal, rather than to Denver. Wherever McRoberts ends up, it seems the Lakers will be shipping him out to make the salary figures work.

10:55am: Coon corrects himself (via Twitter), suggesting that Bynum's and Eyenga's salaries aren't quite enough to absorb Howard's and Duhon's. Here's how it looks from the Lakers' perspective, by my calculations:

The team's $1,422,207 traded player exception acquired via Walton can absorb Clark's $1.24MM option.
Bynum's $16,889,000 salary and Eyenga's $1,174,080 total $18,063,080. The Lakers can take back 125% (plus $100K) of that amount: $22,678,850.
Howard's and Duhon's salaries ($19,536,360 and $3,250,000, respectively) total $22,786,360, just barely too much for the Lakers to absorb. So in order to take on both players, Los Angeles will have to either include another player (perhaps McRoberts or Ebanks) or figure out another way to organize the deal. Assuming, of course, that all the public salary figures for these players are accurate.

We should hear shortly how the Lakers ultimately work things out, since the conference call with the league to finalize the trade is expected to begin momentarily, tweets Ken Berger.

10:26am: Cap expert Larry Coon clarifies (via Twitter) that the trade exception the Lakers acquired when they dealt Luke Walton to the Cavaliers is big enough to absorb Clark's salary, so Los Angeles wouldn't necessarily have to send out any more players in addition to Bynum and Eyenga.

10:08am: The pick heading to the Magic from the Sixers will be lottery-protected for the first two years, top-11 protected in year three, and top-eight protected in year four, tweets Ken Berger of CBSSports.com. Since the Sixers have already dealt their 2013 first-rounder (lottery protected) to Miami, presumably the one going to Orlando would be for 2015, as Sam Amick of SI.com notes. If the Magic don't get a first-rounder from Philadelphia after four years, they'd get two second-round picks instead, tweets Berger.

9:32am: According to Steve Kyler of HoopsWorld, Josh McRoberts may be headed to Denver in the four-way deal. This makes sense, since by my calculations, the Lakers would be unable to take back Howard, Duhon, and Clark without sending out another player in addition to Bynum and Eyenga.

8:49am: The first-rounder heading from the Lakers to Orlando will be the team's 2017 pick, while the first-rounder from Denver will be the lower of the club's two 2014 first-rounders, tweets TNT's David Aldridge. It's still not clear which first-round pick will be coming from the Sixers, but it figures to be 2015's, since their lottery-protected 2013 first-rounder is ticketed for Miami.

8:26am: Duhon is definitely involved in the four-way deal, as he tells Joshua Robbins of the Orlando Sentinel (Twitter link).

FRIDAY, 7:33am: According to Spears, one of the second-rounders heading to the Magic in the trade will be the Warriors' 2013 second-round pick, from the Nuggets (Twitter link). Orlando will receive one more second-rounder, to bring their total haul to five future draft picks, tweets Kennedy.

Additionally, multiple reports indicate that the conference call with the league to confirm the blockbuster deal will happen no later than about noon eastern today.

More Reactions To The 4-Way Howard Blockbuster

August 10th, 2012 at 9:27am CST by Luke Adams

On a day when Team USA's semifinal game against Argentina was expected to dominate the headlines, the Olympics have taken a back seat to an epic four-way trade that will see three 2012 All-Stars changing hands. In a deal that's expected to be officially agreed upon later today, the Lakers will acquire Dwight Howard, the Sixers will land Andrew Bynum, and the Nuggets will get Andre Iguodala, while the Magic acquire a package of players and picks. We already examined some of the reactions to the agreement last night, but the links continue to pour in, so let's round up a few more….

According to Wojnarowski, the Rockets' offer for Howard included recent first-rounders, future lottery and unprotected first-round picks, and the opportunity to move bad contracts and gain cap space (Twitter links). I've maintained for a while that Houston's looked like Orlando's most logical trade partner, and none of the details about the Rockets' offer make me think otherwise.
In response to John Hollinger's tweet linked below, Brian Schmitz stresses, via Twitter, that the Howard deal ran through Hennigan first, before progressing to Martins and the DeVos family.

Earlier updates:

ESPN.com's John Hollinger tweets that it was likely Magic CEO Alex Martins, rather than GM Rob Hennigan, that ran the Howard deal.
In an Insider piece for ESPN.com, Hollinger says he likes the four-way trade for three teams, but really can't understand it from the Magic's perspective.
Sam Amick of SI.com argues that it's unfair to criticize the Magic for the deal yet, since there's a major "wait-and-see" aspect to their haul.
With everyone wondering whether the Magic could have acquired more from the Nets a month ago, Adrian Wojnarowski of Yahoo! Sports tweets Brooklyn's final offer for Howard: Brook Lopez, Kris Humphries (on a one-year, $9.6MM guarantee), MarShon Brooks, and four unprotected first-round picks for Howard, Jason Richardson, Chris Duhon, and Earl Clark.
Bynum had been open to re-signing with the Lakers, but was also very receptive to signing with a team where he could earn more touches, according to Sam Amico of FOX Sports Ohio. Acquiring Bynum and his Bird Rights makes the Sixers the overwhelming favorites to retain him long-term, as I suggested earlier this week.
The Howard trade is the latest bitter pill for the Mavericks' front office to swallow, writes Jeff Caplan of ESPNDallas.com.
National NBA fans may consider the Dwightmare to be over, but Brian Schmitz of the Orlando Sentinel says Howard's departure could haunt Magic fans for years.

Fallout From Dwight Howard/Andrew Bynum Trade

August 9th, 2012 at 11:12pm CST by Chuck Myron

The news of the night is the news of the year in the NBA: An agreement has been reached on a trade that sends Dwight Howard to the Lakers. Andrew Bynum is also involved, as he heads to the Sixers. Of course, both players are eligible to become unrestricted free agents next summer, so the rumor mill is unlikely to stop for either of them anytime soon. Nonetheless, it still represents a blockbuster and a major turning point for several teams in 2012/13 and beyond. Here's what writers around the league are saying:

If the Lakers can't re-sign Howard next summer, the Mavs "will be there waiting for him," a source tells Marc Stein of ESPN.com. Howard has expressed fondness for the Mavs in the past. In the same report, Kobe Bryant is described as being "ecstatic" about the deal.
Brian Kamenetzky of ESPNLosAngeles.com says Howard represents an upgrade over Bynum because of his defense, his athleticism, and his ability to fit better with Steve Nash.
A few league executives believe there has to be something more in the deal for the Magic, tweets Vincent Goodwill of the Detroit News. Jarrod Rudolph of RealGM.com wonders why the Magic waited so long to make a deal when the offers never improved (Sulia link). Ira Winderman of the South Florida Sun-Sentinel isn't sure any notable free agents would be interested in signing with the depleted Magic next summer (Sulia link).
Bob Cooney of the Philadelphia Daily News says the Sixers now have the dominant big man team president Rod Thorn and coach Doug Collins have coveted. Cooney took to Twitter to say the trade is a coup for the Sixers, who get at least one season from Bynum and cap space if he leaves.
Benjamin Hochman of the Denver Post says the Nuggets will lose some offense, but Andre Iguodala will allow them to make major strides on defense, where they've struggled in recent seasons.
Tim Bontemps and Fred Kerber of the New York Post look at the deal from the perspective of the Nets, who were once considered frontrunners for Howard. Stefan Bondy of the New York Daily News says, via Twitter, that the deal demonstrates that the Magic were never too high on Brook Lopez.
The Cavs were asked to give up a lot more for Bynum when they were a part of trade talks, says Sam Amico of Fox Sports Ohio (Sulia link).

Magic Close To Four-Team Howard Blockbuster

August 9th, 2012 at 9:12pm CST by Luke Adams

9:12pm: Stein says there are still unreported names in the deal, but the Magic are getting Arron Afflalo, Al Harrington, Nikola Vucevic, Maurice Harkless and a future first-round pick from each of the other three teams in the deal. The Sixers will get Andrew Bynum and Jason Richardson. The Nuggets will get Andre Iguodala, and the Lakers will land Dwight Howard. Pau Gasol is not in the deal, Stein hears (All Twitter links).

8:59pm: A conference call has been scheduled for Friday morning with the league office to process the deal, Marc Stein of ESPN.com reports (Twitter link).

7:34pm: Berger says the most likely scenario involves the Magic getting neither Andrew Bynum nor Pau Gasol, adding credence to earlier reports that Gasol won't be a part of the deal (Twitter link).

7:29pm: Various Twitter reports indicate differing levels of confidence that the deal will get done. Chris Broussard of ESPN.com says the deal will happen "barring any last minute snag." ESPN.com colleague Ric Bucher believes the Magic and Lakers are pushing hard to complete the trade, but adds there are still many question marks. Josh Robbins of the Orlando Sentinel says the talks are serious, but cautions there are a lot of moving parts. Ken Berger of CBSSports.com reports "guarded optimism" about the deal.

7:11pm: The deal has "huge legs," a source tells Dei Lynam of CSNPhilly.com, and the teams have made progress toward its completion today, Lynam tweets.

6:55pm: A source close to Gasol says he's not in the trade, Ric Bucher of ESPN.com tweets.

6:39pm: Chris Broussard of ESPN.com hears the deal is "very close" and could take place as early as Friday morning. Broussard says that Ramona Shelburne of ESPNLosAngeles also hears Gasol may not be a part of the trade. Jarrod Rudolph of RealGM.com tweets that there is greater confidence a Howard deal will get done than in the past. The Sixers are willing to take on Bynum even without assurances he'll re-sign next summer, according to the ESPN report.

6:23pm: Eric Pincus of HoopsWorld, in an updated version of an earlier story, says one of the variants of the deal doesn't include Gasol, and it's unclear whether it includes Al Harrington. Devin Ebanks, on a sign-and-trade, and Josh McRoberts may also be a part of the deal.

5:52pm: A source close to the talks tells HoopsWorld's Alex Kennedy that reports so far have the teams right, but the deal would likely include different players if it gets done, as the Magic, Lakers, Nuggets and Sixers discuss multiple scenarios. No deal is imminent or near completion, the source says (Twitter links).

5:41pm: Sixers center Nikola Vucevic would also go to the Magic as part of the deal, tweets Marc J. Spears of Yahoo! Sports.

Pincus On Howard, Bynum, Gasol, Green, Clippers

August 9th, 2012 at 5:09pm CST by Chuck Myron

Sources tell Eric Pincus of HoopsWorld that the Lakers would be "far more comfortable" building around Dwight Howard rather than Andrew Bynum. If today's rumored four-team trade comes to fruition, the Lakers would get their wish. Pincus has a few more items of note in his latest piece, and we'll hit the highlights here:

If the Rockets can't land Howard or Bynum, they might have interest in acquiring Pau Gasol if he's dealt to the Magic, Pincus says. Gasol would net the Magic fewer assets than if they dealt Howard to the Rockets, but Pincus believes it would still be a solid haul.
The Lakers have their $3.09MM taxpayer's mini mid-level exception available, but are reluctant to tie it up with a trade for Howard still in play.
Pincus has the details on Willie Green's deal with the Clippers, who acquired the veteran shooting guard in a sign-and-trade last month. It's a three-year deal for $4.2MM, but only the first season, at $1.375MM, is fully guaranteed. He also looks at the multiple trade exceptions held by the Clippers, which gave the team a choice when they acquired Green. The team opted to use part of a $2.76MM exception left over from dealing Al-Farouq Aminu in the Chris Paul trade.

Contract Scenarios For Howard, Paul, Bynum

August 8th, 2012 at 12:26pm CST by Luke Adams

A quick perusal of Hoops Rumors' list of 2013/14 free agents reveals three unrestricted free agents that figure to land maximum-salary contracts: Dwight Howard, Chris Paul, and Andrew Bynum. Just because those three guys are hitting free agency at the same time though doesn't mean they're all eligible for identical salaries when signing their next deals.

There are essentially three ways these players could sign their next max-salary contracts:

They could sign extensions with their current teams, which would mean adding just three extra years to their current contracts.
They could become free agents and re-sign with the team that holds their Bird Rights, for up to five years with 7.5% annual raises.
They could become free agents and sign with a new team, for up to four years and 4.5% annual raises.

It's no secret that the second scenario maximizes the amount of guaranteed money a player can earn on his next contract — this detail of the CBA allows teams a better shot to retain their own star free agents. If the player wants to leave badly enough, he can sign elsewhere, but he'd be giving up millions in guaranteed money to do it.

So how much exactly would each player make in each of these three scenarios? Let's run through and break them down….

Three-year extension:

While the maximum extension a veteran can sign is actually for four years, that includes the current season, so only three years are new. Additionally, while players can typically earn 107.5% of their previous salary in the first year of an extension, all three of these guys are already making more than the maximum, so the can't exceed the 105% they'd earn in the first year of a free agent contract. These extensions include 7.5% annual raises, but even Howard's $66MM pales in comparison to what he could earn as a free agent.

Five-year free agent contract:

Howard, Paul, and Bynum would all be eligible for contracts in excess of $100MM if they wait until next summer and re-sign with the clubs with whom they finish the 2012/13 season. This is why the team that holds the player's Bird Rights at season's end will be considered the odds-on favorite to re-sign him, a scenario we saw play out earlier this summer, when Deron Williams re-upped with the Nets for five years and $98MM+. These max contracts start at 105% of the players' 2012/13 salaries and include 7.5% annual raises.

Four-year free agent contract:

Players can, of course, re-sign for four years or less with their end-of-year teams and receive raises up to 7.5%, but this scenario assumes they're signing with a new club, limiting their annual raises to 4.5%. As the charts show, the drop-off in guaranteed money from a max five-year deal is precarious, from about $26MM for Bynum to over $30MM for Howard. Assuming these guys are still performing at an elite level in 2017, they'll make up a good chunk of that salary in the 2017/18 year of their next contracts, but it's hard to guarantee elite production and good health that far in advance.

As I outlined when I examined Bynum's case for a contract extension, it's possible he could benefit from taking a shorter-term extension now, maximizing his career earnings later. Some of the arguments in that piece apply to Paul and Howard to a lesser degree as well. But an agent of a star player in his prime will rarely recommend that his client accept anything less than a maximum guarantee. In each of these three players' cases, the likeliest scenario remains a five-year free agent contract next summer, which is why these next few months will be crucial. The teams that end up with these three stars at season's end will be the overwhelming favorites to retain them long-term.

Odds & Ends: Bulls, Josh Howard, Deng, Heat

August 7th, 2012 at 9:06pm CST by Ryan Raroque

Mark Deeks of ShamSports.com (via Twitter) points out that the Bulls are specifically $758,642 below the luxury tax apron and that the league minimum salary for sophomore players is $762,195. This definitely factors into the situation of Malcolm Thomas, who put on a standout performance as a member of their summer league roster and more importantly is entering his second year in the league. Deeks still doesn't think that Chicago is willing pay the tax, adding that the team isn't in any rush to make moves that would incidentally put them over the apron. Here are more of tonight's links from around the NBA…

Matt Moore of CBS Sports gives the Bobcats a grade of "C" for their work this offseason.
Earl K. Sneed of NBA.com talks about the plenty of backcourt options that the Mavericks have for the upcoming season.
Australia's David Andersen hopes that Wednesday's game against Team USA is enough to make an impression as he hopes for an opportunity to return to the NBA, writes Sean Deveney of the Sporting News. The 6'11 forward/center played in Italy last year and was a member of the Hornets during the 2010-11 season. Andersen says he will continue to play in Europe if he doesn't receive an offer from an NBA team.
Chris Bernucca of Sheridan Hoops examines the top 20 remaining free agents and groups them by position.
Brian T. Smith of the Salt Lake Tribune tweets that the Jazz are expected to re-engage in talks with free agent Josh Howard soon.
Brian Kamenetzky of ESPN LA clarifies that although the Lakers are interested in Jodie Meeks, the shooting guard isn't quite open to signing for the veteran's minimum. Also, Kamenetzky notes that while the team has placed a priority on adding a backcourt or wing player, they won't use their mini-mid level exception to overpay for a player they feel isn't worth that much. Earlier today, Brian joined his brother Andy to discuss some names in free agency that are worth considering, including Carlos Delfino, Tracy McGrady, and Terrence Williams in addition to Meeks.

Eastern Notes: Green, Deng, Howard

August 6th, 2012 at 3:58pm CST by Daniel Seco

Nene found himself on the bench in London as Brazil beat Spain in Olympic basketball play this afternoon. The Wizards big man doesn't plan on playing again until the semifinals as he rests his left foot, currently feeling the effects of plantar fasciitis. Here's the latest news and headlines from around the Eastern Conference…

The Celtics have yet to make their agreement with Jeff Green official, but A. Sherrod Blakely of CSNNE.com notes that Green's recent comments indicate he's looking forward to returning to action with Boston after missing last season with a heart ailment. "I actually feel a lot better than I did prior to the surgery. It was a blessing, and I'm doing better now," said Green.
Luol Deng may not be missing any time this upcoming season as his performance during the Olympics has him thinking he won't need immediate surgery on his wrist, reports K.C. Johnson of the Chicago Tribune. The Bulls forward plans to be ready to play in eight weeks when training camp opens and may elect to have the surgery after the 2012/13 season.
Dwight Howard will not be attending his summer youth basketball camp later this month for undisclosed reasons, reports Josh Robbins of the Orlando Sentinel (via Twitter). The Magic big man will send teammate Andrew Nicholson to the camp as his replacement.