Jannero Pargo Rumors | Hoops Rumors

Southeast Notes: Hawks, Hornets, Magic

February 4th, 2015 at 6:10pm CST by Eddie Scarito

The Hawks‘ depth took a hit with the injury to Thabo Sefolosha, and one of Atlanta’s primary concerns with making any deal to compensate for his loss is disrupting the team’s excellent chemistry, Chris Vivlamore of The Atlanta Journal-Constitution writes. “For us to be open to improving the group and adding more depth, with Thabo healthy or without Thabo healthy or without Thabo having this injury, it’s kind of the same mindset,” coach Mike Budenholzer said. “We really like our group. You are hesitant to do anything. There is a little more opportunity for a six-to-eight week window but I don’t think it changes much if at all.”

Here’s more from the Southeast Division:

The Hornets couldn’t wait any longer for Jannero Pargo‘s injured back to heal, which is what prompted the team to waive the veteran in order to make room for the signing of Elliot Williams, Rick Bonnell of The Charlotte Observer writes. “He still wasn’t close to being able to play,” coach Steve Clifford said of the decision to waive Pargo. “We were playing with fire out there if Brian Roberts goes down. Lance Stephenson and Gary Neal are doing a great job, but you’ve got to have a point guard.”
Heat assistant GM Adam Simon had been the key figure within Miami’s organization keeping up with Hassan Whiteside before the team signed the big man in November, notes Chris Mannix of SI.com.
If the Magic had managed just five more wins during the first half of the season, it’s likely that coach Jacque Vaughn‘s job wouldn’t be in jeopardy, Brian Schmitz of The Orlando Sentinel writes. Schmitz speculates that if Orlando had 20 wins, the franchise would be in the playoff hunt in the weaker Eastern Conference, and Vaughn’s employment situation would have been more stable as a result.

Hornets Cut Jannero Pargo, Sign Elliot Williams

February 4th, 2015 at 10:33am CST by Eddie Scarito

WEDNESDAY, 10:32am: The moves are official, the team announced.

TUESDAY, 5:37pm: The Hornets intend to waive Jannero Pargo in order for them them to ink Elliot Williams to a 10-day contract, Marc Stein of ESPN.com reports (Twitter link). Charlotte currently has the league maximum of 15 players on its roster, which is why the team would need to release Pargo prior to inking Williams.

Williams, 25, has been playing for the Santa Cruz Warriors, Golden State’s D-League affiliate. In 19 D-League appearances this season, Williams has averaged 20.1 points, 4.3 rebounds, and 7.6 assists in 36.3 minutes per contest. He was briefly a member of the Jazz this season, having signed a pair of 10-day contracts with Utah in early January. In five NBA appearances this season, Williams has logged 3.6 points in 8.4 minutes per contest.

Charlotte will be on the hook for the remainder of Pargo’s 2014/15 salary of $915,243 if it releases him. Pargo has missed time this season due to an ailing back, and he has been limited to just nine appearances for the Hornets, averaging 4.6 points in 8.1 minutes per night. The 35-year-old’s career numbers over 10 seasons in the NBA are 6.4 PPG, 1.4 RPG, and 2.0 APG. His career slash line is .391/.356/.864.

Hornets Re-Sign Jannero Pargo

July 25th, 2014 at 2:13pm CST by Chuck Myron

JULY 25TH: The deal is official, the team announced via press release.

JULY 18TH: The Hornets and point guard Jannero Pargo have struck a deal, according to Pargo’s agents at Priority Sports & Entertainment (Twitter link; hat tip to Marc Stein of ESPN.com). The Mark Bartelstein client returns to Charlotte presumably to reprise his role as the team’s third point guard after the Hornets agreed to a deal with Brian Roberts to replace Luke Ridnour, who’s off to Orlando, as the primary backup to Kemba Walker. It’s a fully guaranteed one-year deal for $1.5MM, a source tells Shams Charania of RealGM (Twitter link). That figure is closely aligned with his minimum salary, which would be $1,448,490, so presumably it’s a deal for that minimum.

Charlotte had renounced its rights to the 34-year-old earlier this month as it cleared cap room, but while that move meant the team gave up its Early Bird rights to him, it didn’t necessarily preclude a new deal. He saw just 8.3 minutes per game in 29 appearances this past season, but apparently the Hornets like having the 10-year veteran around. This year’s deal is a slight upgrade on the one-year contract that Pargo signed last year with the team, since that arrangement was only partially guaranteed.

Pargo made the most of his meager playing time last season, averaging 4.7 points per game and draining a career-high 40% of his three-pointers on 2.1 attempts per contest. His 18.9 PER was also a career-best.

Renounced Players: Thursday

July 10th, 2014 at 4:53pm CST by Chuck Myron

Many of the agreements signed during the July moratorium were contingent on teams clearing cap space to accommodate them, and to do so, teams must sometimes renounce their Non-Bird, Early Bird or full Bird rights to their own free agents to erase their cap holds from the books. Teams that renounce those rights no longer have the ability to exceed the cap to re-sign those players unless they use an exception like the mid-level or the biannual. The end of the moratorium usually brings about a fair number of renouncements, so we’ll track today’s here, with the latest on top:

The Mavs have renounced Dirk Nowitzki, Shawn Marion and Vince Carter, according to Mark Deeks of ShamSports (Twitter link). That doesn’t mean the Mavs don’t intend to re-sign Nowitzki, as they already agreed to do. Teams that sign players to offer sheets are permitted to rescind their renouncements if the original club matches the offer sheet. In this case, the Mavs will rescind their renouncement of Nowitzki if the Rockets match the offer sheet for Chandler Parsons, and they’ll use cap space to re-sign Nowitzki if Houston doesn’t match.
The Jazz renounced their rights to Richard Jefferson and Brandon Rush, according to Deeks tweets.
The Hornets renounced Jannero Pargo, Anthony Tolliver, DJ White, Luke Ridnour, Josh McRoberts and Chris Douglas-Roberts, Deeks notes in the same tweet. Just like the Mavs, the Hornets may rescind these renouncement if the Jazz, as they reportedly intend to do, match Charlotte’s offer sheet for Gordon Hayward.

Bobcats Waive James Southerland

December 11th, 2013 at 11:12am CST by Chuck Myron

11:12am: The Bobcats have officially announced the move, via press release.

10:19am: Bobcats coach Steve Clifford has confirmed that the team will sign Douglas-Roberts and waive Southerland, Bonnell tweets.

8:33am: The Bobcats are set to add Chris Douglas-Roberts, and with a full 15-man roster, that means someone must go to accommodate the signing. Rookie small forward James Southerland will be the victim of the numbers crunch, as the Bobcats will waive him, according to Rick Bonnell of the Charlotte Observer (Twitter link).

Southerland signed with Charlotte after he went undrafted out of Syracuse this past June. He made the team out of camp on his non-guaranteed contract for the minimum salary, but he’s barely seen any playing time in the regular season, appearing for just three minutes in a single game on November 29th. He hasn’t gone on a D-League assignment either, meaning he’s simply been stuck on the bench.

The Bobcats were likely looking for depth at small forward, where Michael Kidd-Gilchrist and Jeff Taylor are both hurt, and apparently prefer a more experienced hand in Douglas-Roberts. Southerland is the most obvious choice to be cut, since power forward Jeff Adrien, the only other Charlotte player on a non-guaranteed contract, is part of the rotation. Jannero Pargo had been on a partially guaranteed deal that was essentially non-guaranteed, but it became fully guaranteed when the Bobcats failed to waive him yesterday.

Upcoming Contract Guarantee Dates

November 29th, 2013 at 12:02pm CST by Luke Adams

As we’ve outlined before, players on non-guaranteed contracts will see their full-season salaries become guaranteed if they remain on an NBA roster beyond January 7th, 2014. Up until that date, teams can safely release most players on non-guaranteed deals and avoid paying their entire salaries — the club would be on the hook for just a pro-rated portion of that salary, or a partial guarantee that was previously agreed upon.

However, not every player on a non-guaranteed contract has to wait until January to find out whether they’ll be receiving a full season’s worth of pay checks. There are at least three players whose deals are known to include earlier guarantee dates. Here’s a breakdown of who those players are, the dates they’ve got circled on their calendars, and the likelihood that they’ll receive full guarantees:

Maalik Wayns (Clippers)
Guaranteed for $788,872 if not waived on or before December 1st.
We haven’t heard any updates on Wayns’ status since he underwent surgery to repair a torn meniscus in mid-October. While the 22-year-old surely would have preferred to stay healthy, the injury could end up benefiting him financially. As Larry Coon writes in his CBA FAQ, non-guaranteed players who are injured and subsequently waived will receive full guarantees until they’re healthy again or until the end of the season, whichever comes first. So even if Wayns is waived by the Clippers in the next couple days, he’ll continue to earn his salary.

A.J. Price (Timberwolves)
Guaranteed for $947,907 if not waived on or before December 8th.
Ricky Rubio and J.J. Barea are getting nearly all the point guard minutes in Minnesota, so there haven’t been many left over for Price, who has been unproductive in his 30 total minutes this season. The Wolves, who were ravaged by injuries last season, know better than most teams that having more than enough depth can come in handy later in the year, but perhaps the club will choose to release Price and re-add a third point guard if and when one is needed.

Jannero Pargo (Bobcats)
Currently partially guaranteed for $300,000. Guaranteed for $1,399,507 if not waived on or before December 10th.
Like Price, Pargo has been stuck behind a pair of effective point guards in the early going — Kemba Walker and Ramon Sessions are ahead of him on Charlotte’s depth chart. Pargo has played just 15 total minutes in three games, so virtually everything I wrote about Price applies to the veteran Bobcat as well. It wouldn’t be a surprise to see the team cut Pargo to save a little money, then re-sign him later in the season if depth becomes an issue.

Contract Details: Oden, Pargo, Williams, Udrih

August 14th, 2013 at 9:41am CST by Luke Adams

Mark Deeks of ShamSports.com has updated his invaluable database of NBA salaries with details on many of the players who have signed over the last couple weeks. We hadn't yet heard the specifics on a number of those contracts, so let's round up the new info….

Initially reported as a two-year contract with a second-year player option, Greg Oden's deal with the Heat is actually only for one season, according to Deeks.
Jannero Pargo's one-year, minimum-salary pact with the Bobcats is only currently guaranteed for $300K. Pargo will be assured of his full salary (about $1.4MM) if he remains on the roster past December 10th.
The Trail Blazers signed Mo Williams using their full room exception, and included a 15% trade kicker in his deal.
There's also a 15% trade kicker on Beno Udrih's minimum-salary contract with the Knicks.
Another Knicks signee, Jeremy Tyler, has a $100K guarantee on his two-year deal.
Carrick Felix's four-year deal with the Cavaliers was originally reported as being fully guaranteed for three seasons. However, according to Deeks, the third year is non-guaranteed, and the fourth year is a team option.
The first year of Peyton Siva's pact with the Pistons is partially guaranteed for $150K.
Jeff Withey has a fully guaranteed rookie year with the Pelicans, while his second-year salary won't become guaranteed until next July.
Ryan Gomes' contract with the Thunder is currently non-guaranteed. He'll receive three $25K bonuses if he remains on the roster beyond September 1st, October 1st, and October 30th, but his salary won't become fully guaranteed until January.

Bobcats Re-Sign Jannero Pargo

August 9th, 2013 at 3:42pm CST by Luke Adams

FRIDAY, 3:42pm: The Bobcats have officially re-signed Pargo, the team announced today in a press release.

THURSDAY, 3:21pm: The Bobcats have agreed to terms on a contract with Jannero Pargo, according to Rick Bonnell of the Charlotte Observer (via Twitter). Charlotte is believed to be capped out, and used its room exception to sign Josh McRoberts, so Pargo will be in line for a minimum-salary deal. Shams Charania of RealGM.com confirms as much, tweeting that it'll be a one-year pact.

Pargo, 33, started the 2012/13 season with the Wizards, before being waived by Washington. He subsequently signed a pair of 10-day contracts with the Hawks, then signed two 10-days deals with the Bobcats, followed by a rest-of-season deal (details via our 10-day contract tracker). Overall, he appeared in 32 games, averaging 6.5 PPG and 2.1 APG. Pargo ranked among the top scorers, three-point shooters, and distributors still on the market.

For Charlotte, Pargo figures to slot into the team's third point guard spot, behind Kemba Walker and Ramon Sessions. Even though the Mark Bartelstein client finished last season with the Bobcats, he wasn't eligible for a raise via the Non-Bird exception, since the team renounced his rights earlier in the summer to clear cap room.

Atlantic Rumors: Iverson, Pargo, Williams, West

August 1st, 2013 at 7:50pm CST by Chuck Myron

Gary Washburn of the Boston Globe reported last week that Celtics second-round pick Colton Iverson had agreed to a deal with Besiktas of Turkey, but today Washburn tweets that Boston's release of Shavlik Randolph could clear the way for Iverson to join the Celtics this season. The C's would have to open up another roster space, as Eric Pincus of the Los Angeles Times points out (via Twitter), but Washburn says the team plans additional moves and needs big men (Twitter link). They're not the only Atlantic Division team looking to add to its roster, as we detail:

The Knicks are looking for a point guard, and their latest target appears to be 33-year-old Jannero Pargo. A source tells Jared Zwerling of ESPNNewYork.com that New York and the Mark Bartelstein client have entered talks (Twitter link).
Mo Williams had been another possibility, but he's looking for a better haul than the minimum salary, which puts the Knicks out of the running, Zwerling tweets. The Grizzlies and Heat look like the strongest suitors for Williams.
The Knicks are also up against the Grizzlies in the pursuit of Delonte West, who tells Washburn that he'd be willing to accept a non-guaranteed deal (Twitter link).
As we passed along earlier today, Zach Links of Hoops Rumors heard from Andrei Kirilenko as part of a conference call on the veteran forward's decision to take a discount to sign with the Nets.

Renounced Players: Wednesday

July 10th, 2013 at 9:58pm CST by Luke Adams

As teams clear cap space to finalize signings and trades, it may mean renouncing Early Bird or Bird rights to their own free agents, in order to remove cap holds from the books. Once a player is renounced, his previous team has no more claim to him that any other team — he could still be re-signed, but it would have to be done using cap space or an exception. Some of those decisions are more notable than others, but for completion's sake, we'll track the latest of these cap-clearing moves right here:

Mo Williams is the most prominent name among the several whose rights the Jazz renounced today, according to the RealGM transaction log. Al Jefferson, DeMarre Carroll and Earl Watson, who already have deals to join other teams, are also on the list, as are the long-retired Brevin Knight and Greg Ostertag.
Bobcats are set to re-sign Josh McRoberts, but they won't be using their Early Bird rights to do so, as they've renounced his rights, RealGM shows. The team also renounced their rights to Reggie Williams, who's heading to the Rockets, and it cut ties with DeSagana Diop, Byron Mullens and Jannero Pargo, too.
Golden State will sign Jermaine O'Neal, so the Suns have renounced his rights, as well as their rights to Wesley Johnson and Diante Garrett, as RealGM notes.

Earlier updates:

The Hawks have cleared out unwanted cap holds from their books, renouncing their rights to Hilton Armstrong, Erick Dampier, Devin Harris, Dahntay Jones, Randolph Morris, Zaza Pachulia, Johan Petro, Josh Smith, and Etan Thomas, according to RealGM.com's transactions log.
RealGM.com also has the Trail Blazers renouncing multiple players, including Luke Babbitt, J.J. Hickson, Eric Maynor, and Nolan Smith.
Most interestingly, according to RealGM.com, the Bucks have renounced their rights to Monta Ellis. That doesn't necessarily preclude a sign-and-trade, but it would mean the team would have to use cap space rather than Ellis' Bird rights to accommodate a deal.
The Pelicans have renounced their rights to Louis Amundson, Xavier Henry, and Roger Mason Jr., the team announced today in a press release.
In order to clear cap room for their signings, the Pistons renounced Will Bynum, Jose Calderon, Vernon Macklin, Corey Maggette, Jason Maxiell, and Ben Wallace, according to RealGM's transactions log. The Pistons plan to re-sign Bynum, but removing his $6MM+ cap hold and signing him to a smaller figure using cap space makes the most sense.
After renouncing their rights to Chauncey Billups and Lamar Odom, the Clippers have also renounced Bobby Simmons, according to RealGM.com's transactions log.