Finnan On Cavs, Varejao, Draft Targets, Speights
Bob Finnan of The News-Herald hears that Cavaliers GM Chris Grant could be looking to deal Luke Walton, Daniel Gibson, Omri Casspi (all expiring contracts), or even Marreese Speights (citing ESPN's Marc Stein) by the February trade deadline. He also shared a few more noteworthy tidbits in his NBA Notes piece:
- One reason why the team won't look to move Anderson Varejao is that he could be one of LeBron James' preferred counterparts should the current Heat star look to eventually return to Cleveland.
- Indiana's Cody Zeller, Kentucky's Nerlens Noel, and Maryland's Alex Len are among the top talented big men that the Cavs could target in June's NBA draft. Finnan adds that the addition of Marreese Speights has no bearing on the team's interest in drafting a big man during the offseason.
- Due to his ability to veto his inclusion in a trade, Speights lost his Bird Rights, which essentially prevents Cleveland from being able to exceed the cap to re-sign him. The 6'10 forward owns a $4.5MM player option for next season, but could end up pursuing a multi-year deal this summer if he plays well for the rest of the year.
Eastern Notes: Magic, Camby, Cavaliers
Jacque Vaughn, whose quiet approach has been the polar opposite of Stan Van Gundy's, has provided patience and poise to a franchise that has been looking to move on after last year's turbulent atmosphere with Dwight Howard (Brian Schmitz of the Orlando Sentinel). Josh Robbins of the Orlando Sentinel says that although the Magic are enduring some growing pains, the young club has been showing encouraging signs of development. We have a few more miscellaneous links to share out of the Eastern Conference tonight:
- Knicks center Marcus Camby has been walking without a boot on his left foot and could be running again in the next two to three weeks, writes Ian Begley of ESPN New York. The 38-year-old center has been inactive since January 10.
- Cavaliers head coach Byron Scott liked what he saw defensively from new additions Marreese Speights and Wayne Ellington in Friday's comeback win against the Bucks, writes Mary Schmitt Boyer of The Plain Dealer. In another article, Schmitt Boyer notes the warm moment between Kyrie Irving and Scott after the young guard learned he would be a reserve in the All-Star game.
- Chris Forsberg of ESPN Boston dissects the minds of the reeling Celtics as they prepare for Ray Allen's return to the TD Garden on Sunday.
Stein’s Latest: Celtics, Grizzlies, Cavs, Suns, McCants
Marc Stein of ESPN.com has posted his latest Weekend Dime column, which features updates on a variety of trade-related topics from around the NBA. Here are the highlights:
- GMs around the league view the Celtics as likely to make a move. They have interest in J.J. Redick, and executives speculate that they may finally decide to move Paul Pierce or Rajon Rondo.
- Some GMs believe a three-team trade is possible that would send Pierce to the Grizzlies, Rudy Gay to the Lakers, and Pau Gasol to Boston.
- After their trade with the Cavs this week, the Grizzlies' roster is down to 11 players and they have 14 days to sign at least two players to meet the minimum requirement of 13. Memphis looked at Delonte West but decided against signing the veteran guard, Stein reports.
- Stein notes that Memphis received three separate trade exceptions in the trade. Marreese Speights landed them an exception worth $4.2MM, while Wayne Ellington's was worth $2MM and Josh Selby's was worth $762,195.
- Although the Cavaliers think highly of Speights and have wanted him for years, the forward is already drawing interest from other teams and could be moved before the February 21 trading deadline. Stein identifies Daniel Gibson and Omri Casspi as the other two Cleveland players most likely to be traded.
- The Suns are said to be shopping Jared Dudley, Marcin Gortat, and Luis Scola in light of the team's struggles this season. It should be noted that Scola, having been claimed after being waived with the amnesty clause, cannot be traded until after this season.
- Stein's column also featured a Q&A with 28-year-old former lottery pick Rashad McCants, who is playing with the Texas Legends of the NBA D-League in hopes of eventually making another run at an NBA career.
Odds & Ends: Magic, Webster, Leonard, Speights
The latest news and notes from around the NBA on Friday evening:
- Brian Schmitz of the Orlando Sentinel writes that the Magic's recent losing streak is a difficult adjustment for the team's veterans, who are used to playoff contention.
- Schmitz also writes that the Magic have yet to identify a permanent starter at the small forward position.
- Ray Richardson of the St. Paul Pioneer Press catches up with former Timberwolves forward Martell Webster, who has found a steady role and better injury luck this season with the Wizards.
- Joe Freeman of the Oregonian writes that Trail Blazers rookie center Meyers Leonard found a new perspective on his role while missing several weeks with an ankle injury.
- Jodie Valade of the Plain Dealer notes that the Cavaliers have coveted big man Marreese Speights for several years. They acquired him this week from the Grizzlies.
Cavs Acquire Speights, Ellington From Grizzlies
The Grizzlies and Cavaliers have offically finalized a deal that sends Marreese Speights, Wayne Ellington, Josh Selby and a protected first-round draft pick to Cleveland in exchange for Jon Leuer, according to Brian Windhorst of ESPN.com (via Twitter). The Cavaliers have waived Jeremy Pargo to clear room on their roster for the incoming players.
Memphis has been at the center of a number of trade rumors this month, a result of the team's reported desire to get below the tax line. While most of those rumors have involved more expensive players like Rudy Gay and Zach Randolph, I noted last week that Speights was another candidate to be dealt, since moving his $4MM+ salary would be enough to get the Grizzlies out of the tax. That's essentially what Memphis is doing in this deal with the Cavs, moving Speights along with Ellington's $2.08MM expiring contract. Selby and Leuer are a wash, earning identical $762,195 salaries.
Cleveland has the room to absorb Ellington's and Speights' salaries under the cap, while the Grizzlies will move below the tax line for 2012/13. Memphis should also obtain a handful of trade exceptions in the transaction, worth the amount of Speights', Ellington's, and Selby's salaries — $4,200,000, $2,083,042, and $762,195 respectively.
Speights, 25, was a productive rotation piece for the Grizzlies last year after the team acquired him from the 76ers, starting 54 contests for the club and averaging 8.8 PPG and 6.2 RPG. However, he has seen a reduced role in Memphis this season, with his minutes being reduced from 22.4 per game to 14.5. Because he was playing on a one-year contract (excluding his second-year player option) following his rookie deal, the forward had the rights to veto a trade, but he agreed to be dealt to the Cavs due to that lack of playing time in Memphis, according to Ronald Tillery of the Memphis Commercial Appeal (Twitter link).
For the Cavaliers, Selby and Memphis' pick act as sweeteners to compensate the Cavs for taking on salary, including Speights' $4.52MM player option for 2013/14. Joel Brigham of HoopsWorld wrote yesterday that Selby, who excelled in the Summer League in July, was waiting for an opportunity to try to translate that success to the regular season. He figures to have a better chance to receive that opportunity in Cleveland.
Meanwhile, the first-rounder heading to the Cavs is protected from 1-5 and 15-30 in 2015 and 2016, before being top-five protected in 2017 and 2018 and unprotected in 2019. Like the first-rounder that was traded by the Raptors to the Rockets (and eventually to the Thunder) over the summer, the unique protection makes it a likely lottery pick.
Despite clearing Speights from next year's books, the Grizzlies still project to be likely taxpayers in 2013/14 and '14/15, so as Grantland's Zach Lowe points out (via Twitter), the club could explore more cost-cutting deals in the summer. The trade also brings the Grizzlies' roster to 11 players, two below the NBA minimum, so free agent signings will be required. Memphis is currently considering Delonte West and Bill Walker, among others.
Marc J. Spears of Yahoo! Sports (Twitter links), Brian Windhorst of ESPN.com (Twitter links), Steve Kyler of HoopsWorld (all Twitter links), and Jason Lloyd of the Akron Beacon Journal (Twitter link) were all involved in breaking various details of the story.
Western Notes: Lakers, T-Wolves, Spurs, Speights
Only three of the 12 NBA teams in action last night were Western Conference clubs, with the only intra-conference matchup coming between the Jazz and Lakers. After a 34-point Jazz victory dropped L.A.'s preseason record to 0-4, it was no surprise that new point guard Steve Nash told Kevin Ding of the Orange County Register that the new-look Lakers are still a "work in progress." Here are a few more Wednesday updates from out west:
- The Timberwolves aren't currently active "at all" on the trade market, tweets Darren Wolfson of ESPN 1500.
- Manu Ginobili doesn't envy the Spurs' decision-makers when it comes to deciding which camp invitee will earn the team's 15th roster spot, as he tells Jeff McDonald of the San Antonio Express-News. In a separate piece, McDonald agrees that there's plenty of depth in camp for the Spurs, noting that the team probably wishes it could keep 17 players this year instead of 15.
- Given Andrew Bynum's health issues so far this preseason, the Lakers may appear savvy for moving the big man when they did. But as GM Mitch Kupchak points out to Ramona Shelburne of ESPNLosAngeles.com, the guy they acquired for Bynum had his own health questions. "Whatever concern we had (with Bynum's knees)," Kupchak said. "Was offset by Dwight [Howard] coming off offseason back surgery."
- After earning a two-year deal from the Grizzlies in free agency this summer, Marreese Speights is aiming to repeat last year's breakout performance, writes Ronald Tillery of the Memphis Commercial Appeal.
- Ryan Anderson spoke to Jim Eichenhofer of Hornets.com about transforming from a trade throw-in to the core piece of a franchise in the last three years.
Grizzlies Re-Sign Marreese Speights
JULY 13TH, 5:02pm: The Grizzlies have officially re-signed Speights, the team announced today in a press release.
JULY 6TH, 8:43am: Speights' two-year deal is actually worth almost $9MM and has a second-year player option, rather than a team option, according to the Memphis Commercial Appeal. As I noted below, the terms initially reported seemed awfully team-friendly, so this makes more sense.
Qualifying Offers: Friday
With the NBA's 2012 free agent period just two days away, teams continue to extend qualifying offers to free agents in order to make them restricted. If a qualifying offer is not tendered to a player eligible for restricted free agency, he becomes an unrestricted free agent.
Players who are tendered qualifying offers have the option to accept the one-year contract and hit unrestricted free agency a year from now, but the primary purpose of the offers are to ensure that the player's team can match any offers for him this summer. We'll track today's qualifying offer updates right here, with the latest added to the top of the page….
- The Cavs have made a qualifying offer to Luke Harangody, according to the joint Twitter account of Plain Dealer writers Mary Schmitt Boyer and Jodie Valade. The tender is expected to be around $1.05MM.
Earlier updates: