Ilkan Karaman

Bucks, Cavaliers Complete Minor Trade

The Cavaliers and Bucks have officially completed a minor trade, the Cavs announced today in a press release.

The Cavaliers acquired the Bucks’ 2025 second-round pick in the deal in exchange for the rights to former second-round pick Ilkan Karaman. Additionally, the protections on the Bucks’ 2022 first-round pick – sent to Cleveland in a deal two years ago – have been removed.

Although it’s technically a separate transaction, this deal is related to the Bucks’ Jrue Holiday megadeal. Milwaukee is sending the Pelicans two future first-round picks in that swap. That wouldn’t have been possible as long as the conditions on the traded 2022 pick (which was protected through 2024) remained in place.

Teams aren’t permitted to leave themselves without first-round picks in back-to-back future drafts or trade picks more than seven years in advance. By removing the protections on the 2022 pick to Cleveland, the Bucks freed up their first-rounders to be dealt starting in 2024 — they’ll send the 2025 and 2027 selections to New Orleans.

As a sweetener for accommodating the Bucks, the Cavaliers will pick up that 2025 second-rounder in exchange for the NBA rights of a player drafted in 2012 who will almost certainly never play in the NBA.

Nets Acquire Jarrett Jack In Deal With Cavs, Celts

10:06am: The second-rounder going from the Celtics to the Cavs is for 2015, according to Cleveland’s official announcement on the trade. It’s top-55 protected, and if it doesn’t fall within the final five picks of the second round, Boston’s obligation regarding the pick will be extinguished.

THURSDAY, 9:21am: The trade is official, the Nets announce.

“Jarrett is a proven NBA veteran who will add versatility to our backcourt,” Nets GM Billy King said in the team’s statement. “The team had a need in that area and we are excited that we were able to secure Jarrett to fill that role. Sergey is a player who we have followed closely for several years. He is a versatile forward and will be a welcome addition to our roster.”

WEDNESDAY, 10:02am: The Cavs will receive the draft rights to Ilkan Karaman, Christian Drejer and Edin Bavcic from the Nets, tweets Adrian Wojnarowski of Yahoo! Sports. They were second-round picks in 2012, 2004 and 2006, respectively. The first-rounder going from Cleveland to Boston is top-10 protected in 2016, 2017 and 2018 and becomes unprotected for 2019, Wojnarowski adds (Twitter link).

9:46am: The Cavs, Nets and Celtics will complete a three-team trade that sends Jarrett Jack to the Nets and opens up the cap flexibility necessary for Cleveland to give LeBron James a max contract, as Baxter Holmes of The Boston Globe confirms (Twitter link). Marc Stein of first reported that the clubs were on the verge of a deal. Sergey Karasev will go to the Nets as well, while Marcus Thornton, Tyler Zeller, and a first-round pick are headed to Boston. The first-rounder the Celtics are getting is for 2016, as Jeff Goodman of reported, and Holmes says that pick is coming from the Cavs (Twitter link). The Celtics send a future second-round pick to the Cavs, Holmes tweets.

It appears as though the Celtics will slip Thornton, who’s set to make $8.575MM next season, and Zeller, set for slightly more than $1.5MM, into the nearly $10.3MM trade exception left over from last year’s Paul Pierce trade, as Goodman pointed out. The Cavs No. 1 option is using the max-level cap flexibility the deal creates to chase LeBron, but if not, they’ll reportedly go after second-tier free agents, with Trevor Ariza apparently among their targets.

Cleveland and the Nets were reportedly working for weeks on a trade involving Jack and Thornton, but with the Cavs uninterested in taking back Thornton’s salary, the involvement of a third team became necessary. The Hawks were among the teams the Cavs were reaching out to, but the idea of acquiring Thornton was apparently a turn-off for them. Enter the Celtics, who’ve been looking to acquire assets necessary to enhance their standing for a Kevin Love trade.

The Nets end up with a backup point guard to replace Shaun Livingston, who signed with the Warriors. They also receive Karasev, just a year removed from having been the 19th overall pick in the 2013 draft, to help inject youth into a veteran-laded team. The Nets believe Jack could even start next to Deron Williams, as Livingston did for much of last season, while they were eyeing Karasev during the draft last year, TNT’s David Aldridge tweets.

Odds & Ends: Timberwolves, Nets, Daniels

There's a chance that Minnesota could bring Hassan Whiteside into training camp, but Darren Wolfson of ESPN 1500 believes that it would have to be a non-guaranteed contract. Wolfson also covers a few more miscellaneous notes surrounding the Timberwolves, including the status of Nikola Pekovic, other players under consideration along with Louis Amundson, and that Chicago businessman Richard Chaifetz has been "kicking the tires" on the prospect of owning the team. Here's what else we've heard from around the league tonight:

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International Notes: Gordon, Simmons, Wallace

With things relatively quiet on the NBA front these days, we'll keep track of today's international news and rumors right here….

  • Undrafted rookie free agent Drew Gordon has signed with Serbia's Partizan Belgrade, according to Sportando. The 6'9" forward out of New Mexico was ranked as this year's 56th-best prospect by's Chad Ford and played for the Mavericks at the Las Vegas Summer League, but won't be heading to camp with an NBA team.
  • Former NBA big man Cedric Simmons has signed with Enel Brindisi in Italy, according to Sportando. Simmons played for the Hornets, Cavs, Bulls, and Kings from 2006 to 2009.

Earlier updates:

  • Greek's Panathinaikos reportedly has some interest in Ben Wallace, as Emiliano Carchia of Sportando notes. I imagine it's unlikely anything comes of this, since Wallace is said to be debating between retiring or returning to the Pistons.
  • Goran Dragic's brother Zoran Dragic played in the Las Vegas Summer League for the Rockets, but won't be coming to the NBA at this point. As Wendell Maxey writes at Ridiculous Upside, Spanish reports suggest Zoran is close to signing a two-year deal with Unicaja Malaga.
  • Ilkan Karaman, who was selected 57th overall by the Nets in the June draft, has officially signed with Fenerbache Ulker Istanbul, the team announced (link via Sportando). Brooklyn will retain the Turkish forward's rights if and when he eventually makes his way over to the NBA.