And-Ones: Heat, Wolves, Stokes, Mudiay
Heat owner Micky Arison addressed the team’s fans today to assure them that despite losing LeBron James, the franchise would contend in the east, writes Ira Winderman of the Sun Sentinel. Arison said, “We are laser-focused on the present and the task at hand of defending our Eastern Conference championship with the East being described as ‘wide open,’ while also positioning ourselves for maximum flexibility and maneuverability in the future.“
Here’s more from around the league:
- The Grizzlies may have found a diamond in the rough on draft night with their selection of Jarnell Stokes, writes Alex Kennedy of Basketball Insiders. Stokes was projected by some experts as a potential late first-round pick, but slipped to Memphis who selected him 35th overall.
- Top 2015 prospect Emmanuel Mudiay said he is skipping SMU for financial reasons, not because of any academic issues at his former prep school, tweets Adam Zagoria of SNY. Mudiay reportedly signed for $1.2MM in China.
- The Wolves signing of Mo Williams earlier today will give the team the a player who can create his own shot, which is something the team was lacking, opines Jerry Zgoda of the Star Tribune (Twitter link).
- The signing of Williams could potentially affect a number of players’ roster spots on the team, writes Michael Rand of the Star Tribune.
- When discussing the rumors about any potential trade that would bring Kevin Love to the Bulls, Derrick Rose said, “That’s up to the front office. I’m riding with whatever decision they make. My job right now is to prepare,” tweets Sam Smith of Bulls.com.
Zach Links contributed to this post.
Contract Details: LeBron, Deng, Carter, Gasol
The idea that the Cavs would trade LeBron James sometime during his two-year contract is outlandish, but just in case it happens, the deal includes a 15% trade kicker, according to Mark Deeks of ShamSports. Deeks has updated his salary database with plenty of new information on deals signed within the past few weeks, so we’ll pass along some of his noteworthy findings. All links to go the relevant salary page at ShamSports.
- Luol Deng, LeBron’s replacement with the Heat, also has a 15% trade kicker, as do new Grizzlies swingman Vince Carter and Knicks signee Jason Smith.
- The last year of Pau Gasol‘s three-year deal with the Bulls is a player option.
- The final season of the contract Joe Harris signed with the Cavs is non-guaranteed.
- Eric Griffin‘s three-year, minimum-salary contract with the Mavs is non-guaranteed, with the exception of a $150K partial guarantee for this coming season.
- Jodie Meeks‘ deal with the Pistons was originally reported to be more than $19MM, but it actually checks in at $18.81MM.
- Damjan Rudez will make $3.449MM over the life of his three-year deal with the Pacers, which includes a team option for the final season. Shayne Whittington‘s partial guarantee with the team this year is worth $25K.
- Russ Smith‘s deal with the Pelicans runs three years at the minimum salary, but only the first season is fully guaranteed. Fellow Pelicans rookie Patric Young‘s two-year deal is non-guaranteed, save for a $55K partial guarantee this year.
Arnovitz On Lockout, Rockets, Suns, LeBron
While members of June’s coveted draft class have yet to wow executives in the NBA summer leagues, it hasn’t curbed the chatter among the league’s decision-makers in Las Vegas, writes ESPN’s Kevin Arnovitz. Arnovitz provides a plethora of big-picture issues being regularly discussed in the desert. Let’s round them up here:
- Between the hefty prices that NBA franchises have fetched this offseason and a new television deal for the league on the horizon, insiders have been “downright giddy” in Vegas this week. Soaring revenues have resulted in teams investing in technology and analytics, though there is a growing fear that the NBA could be headed for another lockout in 2017.
- Speaking of lockouts, the CBA negotiated during the last one has successfully limited the lengths of contracts in the NBA while simultaneously making it more difficult to plan for the long term, according to some executives. By limiting risk, shorter contracts have flooded the marketplace with bidders, in turn driving up the prices on free agents.
- The reactions to the Rockets‘ offseason have been mixed, according to Arnovitz. On one hand, GM Daryl Morey has essentially traded Chandler Parsons, Omer Asik, Jeremy Lin and first and second round draft picks for Trevor Ariza, a first round pick and a trade exception. On the other hand, Morey has landed two max players in two years while maintaining the cap space to add another. However, there is sentiment that Morey’s analytics-based approach might eventually discourage future targets from coming to Houston.
- The Spurs are still undoubtedly the model franchise of the NBA, though there is a buzz about what the Suns are building in Phoenix. Citing several insiders, Arnovitz writes that the Suns are adding assets while simultaneously producing an exciting product for their fans.
- LeBron James‘ return to Cleveland hasn’t evoked nearly as much gossip among league insiders as his departure did, but one general manager expressed appreciation for the Cavaliers‘ star “carrying” the NBA right now from a business standpoint.
- The analytics movement continues to devalue the mid-range game, resulting in widespread approval of Channing Frye‘s four-year, $32MM deal with the Magic and even some support for the three-year, $19.5MM deal that Jodie Meeks signed with the Pistons.
Heat Notes: LeBron, Bosh, Chalmers, Wade
The Bulls were among the teams with which agent Rich Paul took meetings to discuss LeBron James during the first week of free agency, as Ramona Shelburne and Brian Windhorst of ESPN.com reveal in a behind-the-scenes look at LeBron’s choice. Regardless, James was no longer willing to accept being underpaid, as Windhorst examines in a separate piece. James decided before free agency began that he’d take a max contract, and no matter where he would end up, he would demand a deal with a player option after year one, Windhorst writes. James wants to continue to sign short-term deals for the foreseeable future to maintain flexibility in case the maximum salary jumps or is eliminated in the next collective bargaining agreement, as Windhorst explains. He also wants to keep the pressure on Cavs brass to improve the team around him, the ESPN scribe adds. Here’s more on the Heat as they pick up the pieces after LeBron’s departure:
- It wasn’t merely a two-team race between the Rockets and Heat for Chris Bosh, as the Nuggets, Suns and Lakers all made offers to the No. 3 player in the Hoops Rumors Free Agent Power Rankings, reports Tom Haberstroh of ESPN.com.
- The Heat’s contract with Mario Chalmers calls for him to make $4MM for this coming season and $4.3MM in 2015/16, Windhorst tweets. The ESPN scribe pegs the likely salary for Dwyane Wade at $15MM based on the Heat’s other moves this summer and the cap space the team still has available (Twitter link).
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Miami renounced its rights to Ray Allen, Udonis Haslem Michael Beasley, Toney Douglas, James Jones, Rashard Lewis, Greg Oden and the retired Shane Battier and Juwan Howard, tweets Eric Pincus of Basketball Insiders. That’ll make it difficult to re-sign Allen, but the team continues moving toward a new deal with Haslem, according to Ira Winderman of the Sun Sentinel. The Heat would likely use either cap space or the $2.732MM room exception on Haslem.
And-Ones: Davis, Pacers, Thunder, Miller
Baron Davis is preparing himself for a return to the NBA this fall, reports Jared Zwerling of Bleacher Report (Twitter links). When asked what offensive system he likes, Davis said the Clippers’ and the Warriors’. Davis feels like he can play 15-20 minutes per game next year, notes Zwerling.
Here’s more from around the league:
- Mike Miller is leaning towards signing with the Cavaliers, but the Nuggets are still in play for the free agent’s services, tweets Jeff Goodman of ESPN.com.
- With LeBron James headed back to Cleveland, and Pau Gasol on his way to Chicago, the Central Division has gotten much tougher for the Pacers, writes Michael Marot of The Star Tribune. This makes re-signing Lance Stephenson even more of a priority, opines Marot.
- Thunder assistant coach Brian Keefe will join Derek Fisher‘s coaching staff in New York, reports Darnell Mayberry of the Oklahoman.
- The Thunder have to keep building their roster through the draft because the franchise is continuing to have difficulty luring free agents to Oklahoma City, writes Jon Hamm of ESPN.com.
- With many of the biggest names in free agency now spoken for, Fred Kerber of The New York Post runs down the winners and losers in free agency thus far.
- The Mavericks aren’t done upgrading their roster, writes Dwain Price of the Fort Worth Star-Telegram. President of basketball operations Donnie Nelson said, “We’re always looking for help in the backcourt, with an eye on 3-point shooting, and then kind of a rangy defender would be nice as well. We’re still in search of those, but those spots don’t necessarily need to be filled through free agency. Obviously there are trades and all kinds of other ways you can do that.”
- The Warriors may be interested in free agent Brandon Rush, writes Diamond Leung of the Bay Area News Group. Rush averaged 9.7 PPG and 3.8 RPG in 67 games with Golden State before getting injured last season. GM Bob Myers said of Rush, “Rush was great. Everybody that’s been a fan saw how good he was for us, so if he’s healthy, and he can play, which we hear he can — we’ll go watch him and see — it’s a good addition if we could get him. You don’t know what the price would be, but we like Brandon.” The article also notes that Rush is scheduled to hold a workout for interested teams soon.
LeBron James Signs With Cavs
8:07pm: The Cavaliers have made the signing official in a team release. “We could not be happier to welcome LeBron James home,” Cleveland GM David Griffin said in the accompanying statement. “Yesterday, LeBron, through his essay, told us he wasn’t going anywhere except Cleveland and that ‘Cleveland is where he always believed he would finish his career.’ These words and commitment put all of us, including LeBron, in the best position to build our franchise the right way and achieve the kind of goals we all know are possible. Expectations will be at the highest levels but no one should expect immediate and automatic success.”
SATURDAY, 5:12pm: James’ contract with the Cavs has been finalized, sources tell Brian Windhorst of ESPN.com. It’s a two-year, $42.1MM deal with a player option for the second season. While the deal doesn’t lock James in for the long term run he vowed to fulfill in his announcement, it is designed with an eye toward expected jumps in league revenue and increased earning potential for the game’s best player. Renewed TV deals and an opportunity for the player’s union to renegotiate the CBA in the coming years could lead to significantly higher max contract values. James, who had never been the highest paid player on his own team before signing this time with Cleveland, will look to cash in if those opportunities materialize.
FRIDAY, 11:20am: LeBron James has made his decision, and he’ll sign with the Cavaliers, as he tells Sports Illustrated’s Lee Jenkins.
“Before anyone ever cared where I would play basketball, I was a kid from Northeast Ohio,” the Akron native writes in the first paragraph of his as-told-to cover story in Sports Illustrated. “It’s where I walked. It’s where I ran. It’s where I cried. It’s where I bled. It holds a special place in my heart. People there have seen me grow up. I sometimes feel like I’m their son. Their passion can be overwhelming. But it drives me. I want to give them hope when I can. I want to inspire them when I can. My relationship with Northeast Ohio is bigger than basketball. I didn’t realize that four years ago. I do now.”
James said his primary reason for leaving the Heat after four years, four NBA Finals appearances, and two championships isn’t because he didn’t have faith that the front office could put the right team together, but that he wants to bring a title to Cleveland. He always believed he’d return to finish his career in Cleveland, but he just didn’t know when he would come back, he writes. The reaction of owner Dan Gilbert and fans in Cleveland to his 2010 departure for Miami weighed on him, but he said he’s talked the matter out with Gilbert “face-to-face, man-to-man.”
Presumably, it’ll be a max contract worth $20.6444MM in the first season for the four-time MVP, who won his first two such trophies with the Cavs, for whom he played from 2003-10. The Cavs aggressively sought the cap flexibility necessary to create max room, completing a three-team trade with the Nets and Celtics on Thursday that gave them the ability to open cap space for James.
Agent Rich Paul took meetings with the Cavs, Mavs, Suns and Lakers last week while the Heat were the only team with whom James met personally. Paul, who was also in that Heat meeting, was reportedly determined to get his client to return to Cleveland. Heat owner Micky Arison took to Twitter to express that he’s “shocked and disappointed” by the news but thanked James for the memories and wrote that he’d never forget what James brought to the Heat the past four seasons. It’s a far cry from Gilbert’s sharply worded response in 2010, which reportedly had been on James’ mind in the hours leading up to this year’s choice.
The move opens the gates to a number of other decisions around the league, with the free agency of Carmelo Anthony and Chris Bosh, the fate of trade candidate Kevin Love, and a slew of other important matters still unresolved. The Cavs have reportedly been set to pursue Love contingent on their acquisition of James, though they appear unwilling to give up No. 1 overall pick Andrew Wiggins to facilitate such a deal.
Central Rumors: Wiggins, Pacers, Mirotic
The Central Division has been reshaping the past few days, with LeBron James and Pau Gasol arriving to the Cavs and Bulls, respectively. Here’s a rundown of the division:
- If Andrew Wiggins is set to be traded in a deal for Kevin Love, David Blatt doesn’t know anything about it, reports Ryan Wolstat of the Toronto Sun (via Twitter). “He’s not going anywhere, as far as I’ve heard,” said the Cavs‘ soon-to-be first-year coach.
- LeBron’s two-year contract with the Cavs is purely a business decision and doesn’t indicate any hesitancy from James to finish his career in Cleveland, a source tells Jeff Zillgitt of USA Today. Zillgitt explains how James could maximize his earnings with a series of short-term deals in the coming years.
- The Cavs renounced their rights to Luol Deng, tweets Mark Deeks of ShamSports. The move clears Deng’s cap hold with Cleveland and forfeits their right to exceed the cap to sign him, but it clears the cap room necessary for Cleveland to sign LeBron. Deng has long been expected to sign elsewhere this summer, and is in serious talks with the Heat.
- The Pacers are interested in obtaining Suns point guard Goran Dragic, potentially in a sign-and-trade agreement involving Lance Stephenson, writes Mitch Lawrence of New York Daily News.
- The Pacers would also be interested in Carlos Boozer, should he get amnestied by the Bulls, writes Lawrence.
- The Bulls were offered a late top-10 2014 draft pick for Nikola Mirotic and declined, tweets Eric Pincus of The Los Angeles Times.
Charlie Adams contributed to this post.
LeBron Aftermath: Gilbert, Contract, Wade, Bosh
LeBron James, agent Rich Paul and adviser Maverick Carter met with Dan Gilbert for four hours in Miami last week, reports Adrian Wojnarowski of Yahoo! Sports. Previously, it had been believed that James had only met in person with the Heat this month. It was a moment of mutual reconciliation, as Wojnarowski details.
“We had five great years together and one terrible night,” Gilbert said. “I told him how sorry I was, expressed regret for how that night went and how I let all the emotion and passion for situation carry me away. I told him I wish had never done it, that I wish I could take it back.”
James, later in the conversation, told Gilbert he wished he hadn’t put together “The Decision” television show, and soon the talk turned to the future. Here’s more on LeBron’s decision to head back to his native northeast Ohio:
- Even after meeting with Gilbert, James was still having trouble with the idea of going back to the Cavs in the wake of Gilbert’s scathing post-2010-decision letter, as USA Today’s Sam Amick details. James made up his mind Thursday that he would return to the Cavs, and worked with Sports Illustrated’s Lee Jenkins into the night on the story in which he revealed his choice, according to Amick.
- Contract terms have yet to be negotiated, but James is expected to make a long-term commitment to the Cavs, and Cleveland is expected to offer the max, reports Brian Windhorst of ESPN.com.
- James spoke with Heat owner Micky Arison and team president Pat Riley by phone Friday to inform them that he had decided to join the Cavs, but no one from the Cavs knew of his decision until he publicly revealed it via Sports Illustrated, as Windhorst writes in his piece.
- LeBron personally informed Dwyane Wade of his decision, but Chris Bosh, who’s traveling out of the country, heard the news through his agent, Windhorst tweets
Cavs Pursuing Kevin Love
12:33pm: Multiple executives from around the league indicated to Ken Berger of CBSSports that Wiggins would be in play in a Cavs trade for Love, which runs counter to earlier reports (Twitter link).
FRIDAY, 8:09am: Belief that the Cavs wouldn’t part with Wiggins in a trade for Love continues to grow, tweets Darren Wolfson of 1500 ESPN Twin Cities, and a Cavs source told Sam Amico of Fox Sports Ohio on Thursday that Wiggins is untouchable (Twitter link).
WEDNESDAY, 5:07pm: Rival executives tell Chris Mannix of SI.com that the Wolves are giving no indication that they are in a rush to make a deal with Cleveland (Twitter link).
4:24pm: Wiggins would have to be part of any deal for Love, Krawczynski tweets.
4:01pm: The Cavs are indeed pursuing a trade for Love contingent on their ability to sign James, tweets Adrian Wojnarowski of Yahoo! Sports.
1:24pm: The Cavs spoke to agent Rich Paul, the representative for LeBron James, about trade scenarios that would allow Cleveland to acquire Kevin Love, report Sam Amico and Zac Jackson of Fox Sports Ohio. Cavs officials told Paul that engineering such a trade wouldn’t be easy, a source tells Amico and Jackson, and the source added that Cleveland is reluctant to include Andrew Wiggins in a Love trade. Wiggins’ camp doesn’t believe the Cavs are considering trading him, according to USA Today’s Sam Amick (Twitter link).
Cleveland and Minnesota have reportedly engaged in exploratory discussions regarding Love, but those apparently came to an end when the Cavs learned that Love, who can hit free agency next year, wouldn’t re-sign with them. That would change if the Cavs can sign James, as Love is “100%” on board with the idea of staying in Cleveland long-term to play with the four-time MVP, as ESPN’s Chris Broussard reported late last month.
There’s plenty of competition for Love, and Wolves president of basketball operations Flip Saunders seems in no rush to deal his star power forward, even though it’s clear he wants to leave Minnesota. It’s indeed difficult to imagine Saunders giving the OK to deal with Cleveland that didn’t include Wiggins, as Jon Krawczynski of The Associated Press observes (on Twitter), but the Cavs aren’t without other intriguing trade assets, one of which I explained Tuesday.
LeBron James Rumors: Friday
As agent Rich Paul pushes for the return of LeBron James to the Cavs, Cleveland executives were told to clear max cap room for him, writes Adrian Wojnarowski of Yahoo! Sports. The execs pressured their counterparts with the Celtics and Nets to finish the final paperwork on this week’s three-team trade, Wojnarowski reports. The Cavs believed they had to get that cap room open as quickly as possible Thursday, and they started calling the agents of players who would serve as role players on a contending team, as Wojnarowski hears. They operated with the belief that James would be coming, as the Yahoo! scribe chronicles, pointing out that yet they hadn’t received confirmation from James himself. While the Cavs, Heat, and most of the rest of the league simmer at a virtual standstill awaiting this year’s version of The Decision, here’s the latest on the No. 1 player in the Hoops Rumors Free Agent Power Rankings:
- Wade is still unsure of which team James will sign with after riding with James on a flight from Las Vegas to Miami within the past several hours, Wojnarowski tweets.
Earlier updates:
- One executive called described Paul’s meetings with teams last week as a waste of time, Wojnarowski notes in the same piece linked at the top of this post.
- James left Wednesday’s meeting with Heat president Pat Riley and GM Andy Elisburg unconvinced, but James and Heat teammate Dwyane Wade have been spending time together over the last day or so, as Wojnarowski details.
- A source tells Chris Broussard of ESPN.com that one of the reasons that James remains undecided is that he’s still stung by the infamous comic sans letter that Cavs owner Dan Gilbert wrote in response to James’ departure for Miami in 2010. The idea that the letter is a sticking point in any return to the Cavs would be news to the Cleveland organization, which has never received any such indication, tweets Sam Amico of Fox Sports Ohio.