Ricky Rubio

Ricky Rubio Gave Up $5.4MM In Cavs Buyout

January 6th, 2024 at 1:34pm CST by Luke Adams

Veteran point guard Ricky Rubio gave up $5.4MM in his buyout agreement with the Cavaliers, according to reports from Michael Scotto of HoopsHype, Keith Smith of Spotrac, and Bobby Marks of ESPN (all Twitter links).

That’s a significant portion of the remaining guaranteed money that was owed to Rubio, who initially had a salary of $6,146,342 for 2023/24 and a $4,250,000 partial guarantee for ’24/25 (his full cap hit for next season would have been $6,439,025).

While Rubio had earned a prorated portion of this season’s salary, he was still owed about $3.5MM in 2023/24, along with his $4.25MM guarantee for next season, for a total of $7.75MM. He’ll receive approximately $2.35MM of that total, but the Cavaliers will recoup the rest, giving the team some extra cap flexibility this season and next.

As Marks notes, Rubio’s new cap hit this season is approximately $3.7MM and he’ll be on Cleveland’s books for about $1.3MM in ’24/25. The Cavaliers’ team salary this season had been about $752K below the luxury tax line prior to the buyout, but that cushion has increased to approximately $3.2MM, Marks adds.

That extra flexibility puts the Cavs in position to immediately sign one or two players to their roster to fill out their 15-man squad. Now that the 10-day contract window has opened, Cleveland may opt for short-term additions for now, maintaining some roster flexibility ahead of the trade deadline, but the team technically has enough breathing room below the tax to add two minimum-salary players for the rest of the season.

Since teams are only permitted to carry fewer than 14 players on standard contracts for up to two weeks at a time, Cleveland will have to make at least one roster addition by January 18, two weeks after officially parting ways with Rubio.

Central Notes: Beasley, Giannis, Rubio, Pistons

January 6th, 2024 at 11:45am CST by Earnest Marshall

Appearing on a B/R Live stream with TNT and Bleacher Report’s Chris Haynes (Twitter link), Bucks guard Malik Beasley said he bypassed offers worth more money from the Lakers and Mavericks to sign with Milwaukee.

Beasley opened up about his experience in free agency, saying it was “tough” because he closed out the year on a rough note, averaging just 3.0 points per game in the playoffs with Los Angeles after averaging 11.1 PPG during the regular season. The 27-year-old guard said the Lakers wanted to re-sign him on a deal worth about $6MM but explained there were some unknowns regarding his role with Austin Reaves re-signing early in free agency.

Beasley also said he had an offer from the Mavericks worth between $3-6MM, but was again unsure of what his role would be, given that Dallas had a roster filled with guards and shooters.

The seventh-year guard ended up signing with the Bucks on a one-year, minimum contract for a chance to have a bigger role.

“[Bucks general manager] Jon [Horst] is such a great person,” Beasley said. “We talk a lot and he was like ‘You have an opportunity to start here, you have a chance to win a championship.’ And I think for me, most importantly, [the Bucks have] some veterans around [the] team. Most of the teams I have been on, aside from LeBron and AD, they’ve been young.”

Beasley earned a prominent role with Milwaukee right away, starting all 33 of his appearances this year. He’s averaging 11.6 points and 4.2 rebounds per night while shooting a career highs of 48.8% from the field and 46.9% on three-pointers (on 6.3 attempts per game). He’ll be an unrestricted free agent this summer.

We have more notes from the Central Division:

Opening up about his time with the Lakers, Beasley blames himself for how his tenure in L.A. ended (Twitter link via Haynes). “It was more of the past things that happened in my life that caused me to not play at my best,” the Bucks wing said.
Out of the Bucks‘ 10 losses this season, four have come at the hands of the Pacers. Giannis Antetokounmpo is bothered by those losses, writes The Athletic’s Eric Nehm. “Now, when you go back home and you sleep and you wake up, you think about it,” Antetokounmpo said. “Now, when you go back and work out, you think about it. In the All-Star break, when you’re gonna be on an exotic beach with your family, I hope you think about it, you know? … But at the end of the day, it’s good because it gives us time to fix things.“
Cavaliers star Donovan Mitchell had a feeling former teammate Ricky Rubio was going to retire, Cleveland.com’s Chris Fedor writes. “I feel like he could breathe,” Mitchell said while paying tribute to Rubio. “I’m not speaking for him. But I feel like it’s just one of those things where it’s kind of like that indecision of what you want to do can be a lot. I’m just happy that he finally has time to feel like he can breathe and go pick up his son from school and be with his family in Spain. He’s been playing this game professionally at the highest of levels and had this expectation of himself since he was a teenager.“
Cavaliers coach J.B. Bickerstaff also paid tribute to Rubio, as detailed in a story from ESPN. “I owe Ricky a debt of gratitude that there’s only a couple of guys who I could say at this point have had the impact on me that way,” Bickerstaff said. “He helped us, in a brief period of time, turn this organization into what you see in front of you. His presence allowed me to coach the team in a certain way where no one was too big to sacrifice.“
The Pistons are widely expected to make a trade of some sort after setting the NBA record for consecutive losses in a season, and The Athletic’s James L. Edwards III thinks Detroit will add some veterans around the margins. In his mailbag, Edwards confirms there’s great interest league-wide in Pistons vet Bojan Bogdanovic but says he doesn’t expect Detroit to trade him just to trade him. The Pistons are in a difficult position, Edwards writes, because the young players who would bring in a difference-making haul are guys the team should build around.

Central Notes: Mitchell, Rubio, Bucks, Middleton, Toppin

January 5th, 2024 at 8:50am CST by Luke Adams

After Darius Garland and Evan Mobley went down last month with relatively significant injuries, there was some speculation about whether the Cavaliers might become more open to the idea of trading Donovan Mitchell. However, multiple reporters have since shot down that speculation, with Chris Fedor of Cleveland.com becoming the latest to do so on an episode of the Wine and Gold Talk podcast (hat tip to HoopsHype).

“My sources tell me that the Cavs have zero interest in trading Donovan Mitchell,” Fedor said. “They haven’t even thought about that. In fact, my sources tell me that there are members of this front office that are sitting here today wondering why the hell people are even talking about the possibility of trading Donovan Mitchell.”

As Fedor observes, despite an up-and-down first half and their current banged-up roster, the Cavaliers have a 19-15 record, which puts them just one game out of the No. 4 spot in the East. That’s about where they were expected to be entering the season, and they believe they have the potential to improve beyond that, so they’re not “even interested in listening to what teams are going to offer them” for Mitchell. On top of that, Fedor says, Mitchell himself doesn’t appear to have any interest in a move.

“I’ve talked to Donovan about this multiple times, he is happy right now where he is at,” Fedor said. “He is happy being a Cleveland Cavalier. He believes in this team. He believes in this roster. He helped to recruit Georges Niang and Max Strus because he knew after going through that playoff series against the Knicks that the Cavs, if they were going to take the next step as an organization, needed to improve their shooting and their floor spacing. And he’s looking at it saying, ‘When Darius Garland and Evan Mobley coming back, let’s see how far we can take this team.'”

Here’s more from around the Central:

In a press release confirming the Cavaliers‘ buyout agreement with Ricky Rubio, president of basketball operations Koby Altman thanked the veteran point guard for his contributions to the franchise. “Ricky Rubio embodied everything a franchise would want from such an accomplished player, who helped instill a confidence and leadership quality that still resonates within our team,” Altman said. “We wish Ricky nothing but the best and remain supportive of his decision to continue focusing on his mental health.” As Fedor tweets, Altman also lauded Rubio for the impact he had on the team’s younger players.
The Bucks hosted a veteran free agent workout on Monday, according to Jake Fischer of Yahoo Sports, who says the group seemed to consist of candidates for two-way deals. Lindell Wigginton, TyTy Washington, and Marques Bolden are Milwaukee’s current two-way players; they’ve combined to play just 17 total minutes this season.
Bucks forward Khris Middleton, who underwent offseason knee surgery, played in both games of a back-to-back set on Wednesday and Thursday for the first time since April 2022, as Eric Nehm of The Athletic notes (Twitter links). Head coach Adrian Griffin continues to take a conservative approach to Middleton’s workload though, not bringing him back in the second half of Thursday’s win after he was effective in 15 first half minutes. “We just wanted to play him, see how he responded and I think he’s in a good place and we want to keep him in a good place and then we’ll just see how he’s feeling in the morning,” Griffin said, per Jim Owczarski of The Milwaukee Journal Sentinel.
The offseason acquisition of Obi Toppin continues to pay off for the Pacers, with head coach Rick Carlisle taking the opportunity after Wednesday’s win over Milwaukee to praise the fourth-year forward for how he’s adjusted to being removed from the starting lineup. “It’s hard to put into words how impressed I am with Obi Toppin as a young man. He just is all about the team,” Carlisle said (Twitter links via Dustin Dopirak of The Indianapolis Star). “He’s raised his level since coming off the bench. … That kind of character and commitment to the group is what it’s going to take.”

Ricky Rubio Agrees To Buyout, Announces NBA Retirement

January 4th, 2024 at 11:28am CST by Arthur Hill

11:28am: Rubio has announced his retirement from the NBA in a statement on social media (Twitter link).

9:31am: Ricky Rubio has reached an agreement on a contract buyout with the Cavaliers, sources tell Adrian Wojnarowski of ESPN. The move will likely lead to the end of the 33-year-old guard’s playing career, at least in the NBA.

Terms of the buyout haven’t been made available, but Bobby Marks of ESPN notes that Rubio has about $3.5MM left on his $6.15MM contract for this season (Twitter link). Rubio is also owed $6.44MM for 2024/25, but only $4.25MM of next season’s salary is guaranteed.

Rubio and the team began discussing an eventual buyout last month. He hasn’t played this season, announcing in August that he needed to pause his career for mental health reasons. Rubio has remained in his native Spain and there was reportedly little expectation that he was planning to make an NBA return.

Cleveland is $752K below the luxury tax, according to Marks, so any savings from Rubio’s contract will create financial flexibility. The Cavs are already carrying one open roster spot due to tax concerns, and they’re currently shorthanded because of long-term injuries to Darius Garland, Evan Mobley, and Ty Jerome. Teams can begin signing players to 10-day contracts on Friday, so that may be an option until those players return.

Rubio emerged as a star in Spain as a teenager and was selected by Minnesota with the fifth pick in the 2009 draft. He played for four teams in his 12-year career and averaged 10.8 points, 4.1 rebounds and 7.4 assists in 698 total games.

The Cavaliers originally acquired Rubio in the summer of 2021, but a torn ACL ended his season after 34 games and he was sent to Indiana to help match salaries in the Caris LeVert trade. He re-signed with Cleveland in 2022, but was still slowed by the injury and was limited to 33 games last season.

Cavs, Ricky Rubio Discuss Possible Parting Of Ways

December 20th, 2023 at 12:40pm CST by Luke Adams

12:40pm: Chris Fedor of Cleveland.com confirms that the Cavaliers and Rubio are discussing options, but says they’re not close to reaching a resolution at this time. A trade would be Cleveland’s preferred path, Fedor adds.

12:15pm: The Cavaliers and Ricky Rubio have begun to discuss the possibility of a parting of ways, sources tell Shams Charania and Joe Vardon of The Athletic.

Rubio hasn’t been with the Cavs at all this season after announcing in August that he was pausing his playing career for mental health reasons. The veteran point guard, who remains in Spain, isn’t expected to play this season and there are “serious doubts” about whether he’ll ever resume his career, according to Charania and Vardon, who hear that the 33-year-old isn’t believed to be engaging in basketball activities to stay sharp.

The Cavs, meanwhile, are dealing with long-term injuries to Darius Garland, Evan Mobley, and Ty Jerome, and are carrying an open roster spot for luxury tax reasons — they’re only $752K below the tax line, per ESPN’s Bobby Marks (Twitter link). Freeing up some money and a roster spot would put the team in a better position to address its roster depth, particularly in the backcourt.

Rubio’s cap hit for this season is approximately $6.15MM. He’s on the books for $6.44MM next season, though only $4.25MM of that 2024/25 salary is guaranteed.

As Charania and Vardon detail, a buyout, a waive-and-stretch, and a trade are some of the potential routes the Cavaliers figure to consider. A waive-and-stretch transaction is presumably the least attractive of those options, since the deadline to stretch this season’s salary has passed — Rubio’s $6.15MM cap charge for ’23/24 would remain unchanged, meaning Cleveland wouldn’t create any additional financial flexibility below the tax line.

Negotiating a buyout with Rubio would allow the Cavaliers to reduce his cap hit for this season, but Charania and Vardon note that the team wants to “do right” by the veteran, who is considered a major part of the team’s resurgence in recent years. That suggests the front office may be reluctant to ask him to give up a significant chunk of money.

Jake Fischer of Yahoo Sports reported earlier today that a trade involving Rubio was a possibility, and it might be the most appealing option if the Cavs can find the right sort of deal. If Cleveland were to attach a draft asset to Rubio and move him in a trade for a player who’s earning less than him, it could clear a path for the club to fill the 15th spot on its roster without surpassing the tax threshold. In that scenario, Rubio’s new team would then be responsible for either negotiating a buyout or simply waiving him.

Cavs Rumors: Mitchell, Rubio, Allen, Bickerstaff

December 20th, 2023 at 10:04am CST by Luke Adams

The injuries that will sideline Darius Garland and Evan Mobley well into the new year aren’t expected to significantly impact the Cavaliers‘ plans for this season, according to Jake Fischer of Yahoo Sports, who says the franchise remains committed to its core of Garland, Mobley, Donovan Mitchell, and Jarrett Allen.

As Fischer writes, there has been “incessant chatter” among rival executives about the possibility of Mitchell leaving Cleveland in 2025, when he can opt out of his current contract, with speculation about his next destination focusing on the New York teams (the Knicks and Nets). However, those whispers haven’t affected the Cavaliers’ resolve to this point, Fischer explains.

In the event that the Cavs begin to struggle and slide down the standings without Garland and Mobley available, it’s possible the front office will have to reconsider its approach to the trade deadline. But Koby Altman and his group seem to have the “sturdy backing” of ownership, per Fischer, so the odds appear slim that a substantial change in direction will occur in the coming weeks.

Here’s more from Fischer on the Cavaliers:

One move Cleveland might make on or before the February 8 deadline would involve Ricky Rubio, according to Fischer, who suggests the team would like to turn Rubio’s salary slot into a player who could contribute this season. The veteran point guard announced in August that he’d be pausing his career to focus on his mental health, and there has been no indication that the “pause” will end anytime soon, so he’d be a buyout candidate if he’s traded to a new team, Fischer adds.
While the Cavs have no plans to trade him, Allen would receive “plenty” of interest from playoff contenders if he were ever made available. League sources tell Fischer that the Pelicans are one team that has long had its eye on Allen and would be interested if Cleveland is willing to listen to offers down the road.
There was some noise early in the season about whether J.B. Bickerstaff‘s hold on his head coaching job might be slipping, but Fischer hears from sources that the Cavs don’t seem to be in any rush to make a change on the sidelines. Injuries to Garland and Mobley may actually reduce the pressure on Bickerstaff, Fischer points out, since expectations for the club will be tempered without those two young stars in the lineup.

Cavaliers Notes: Rubio, Altman, Strus, Mobley

October 2nd, 2023 at 3:38pm CST by Luke Adams

Cavaliers point guard Ricky Rubio, who announced in August that he has decided to pause his basketball career to focus on his mental health, received an excused absence from the team’s media day on Monday, reports Chris Fedor of Cleveland.com.

It remains unclear when Rubio might report to the team, but president of basketball operations Koby Altman told reporters, including Fedor (Twitter link), that the subject of retirement hasn’t come up at all during his discussions with the veteran guard. Altman and the Cavs are hopeful that Rubio will be with the club for the 2023/24 season, Fedor adds.

Here’s more on the Cavs:

After being arrested and charged in September for driving under the influence, Altman told reporters on Monday that he has spoken to team owner Dan Gilbert about the situation, though he declined to say whether he expects to face discipline from the organization, per Tom Withers of The Associated Press. “I feel awful about the distraction that this incident has caused our organization and team,” Altman said. “I’ve had several conversations across the building with players, coaches and ownership on down and have expressed that same sentiment to them as well.”
Having joined the Cavaliers on a four-year, $62MM deal in July, Max Strus expects to be the team’s starting small forward, he said on Monday (Twitter link via Fedor). Cleveland’s starting backcourt (Donovan Mitchell, Darius Garland) and frontcourt (Evan Mobley, Jarrett Allen) is set, but the club rotated through several options at the three last season, so Strus certainly looks like the obvious choice to fill that spot.
Mobley said on Monday that he had a home gym installed and hired a personal chef this offseason, which helped him put on seven pounds of muscle. The big man added that he’s ready to “take off” this season and has made it a goal to make the All-Star team and to win Defensive Player of the Year (Twitter links via Fedor).

Central Notes: Rubio, Washington, Cunningham, Thompson

August 14th, 2023 at 12:01pm CST by Arthur Hill

Ricky Rubio‘s decision to take time away from basketball and focus on his mental health leaves the Cavaliers with an uncertain situation at backup point guard, Chris Fedor of Cleveland.com writes in a mailbag column. Rubio didn’t offer any indication of how long he might be inactive, so there’s no way of knowing if he’ll be available when training camp opens in seven weeks or when the season starts in late October.

There’s no urgency for Cleveland to make a roster move, Fedor adds. The Cavs signed free agent Ty Jerome in the belief that he can handle a larger role than he had with Golden State, and Donovan Mitchell, Caris LeVert and two-way player Craig Porter Jr. are all capable of running the offense for short stretches. Fedor points out that there aren’t any strong options remaining in free agency, but Kendrick Nunn, Michael Carter-Williams, George Hill, Ish Smith, and D.J. Augustin are among the players still available.

General manager Mike Gansey scheduled a trip to Malaga, Spain, this summer to visit with Rubio and watch the Spanish World Cup team in action, according to Fedor. However, Rubio left training camp before Gansey arrived, so he devoted the trip to scouting instead.

There’s more from the Central Division:

The Cavaliers have expressed interest in P.J. Washington and may be “lurking” as his standoff with the Hornets continues, Fedor adds. He notes that Cleveland was able to take advantage of a similar situation in a sign-and-trade with Lauri Markkanen two years ago by offering a contract beyond what the Bulls were willing to pay. Fedor states that Rubio and Dean Wade would be enough to match salary if Washington would accept about $15MM per year, but he’s not sure if that and a few second-round picks would satisfy Charlotte.
Cade Cunningham is the only untouchable player on the Pistons‘ roster, James L. Edwards III of The Athletic writes in his annual evaluation of the team’s most valuable assets. Even though he missed most of last season after shin surgery, Cunningham is still viewed around the league as a potential superstar, according to Edwards. Jaden Ivey, Jalen Duren and rookie Ausar Thompson follow Cunningham on Edwards’ list.
Overtime Elite general manager Gerald Wilkins believes Thompson has a bright NBA future, per Omari Sankofa II of The Detroit Free Press. Wilkins offered a glowing recommendation to Jarrett Jack, a new member of the Pistons‘ coaching staff under Monty Williams. “He would ask me things like what are his strengths, what are his weaknesses, how can I get him the ball,” Wilkins said. “I would just tell him, ‘Just put him on the floor. Just put him in the game. They are basketball players, Ausar and Amen. They’re basketball players. You put him on the floor and a lot of good things are going to happen.’”

Central Notes: Mitchell, Rubio, Cunningham, P. Williams

August 6th, 2023 at 8:58am CST by Luke Adams

Donovan Mitchell is eligible for a contract extension this offseason, but there’s no indication that he and the Cavaliers intend to seriously discuss a new deal, and that shouldn’t be a cause for concern in Cleveland, ESPN’s Brian Windhorst said during a recent NBA Today appearance (YouTube link).

“Maybe if the Cavs had won the championship last year, maybe Donovan would extend, but I don’t think under any (other) circumstances he was ever considering extending this season, and I think the Cavs knew that when they traded for him,” Windhorst said. “I think the pressure point comes a year from now, when he’s got one year left on his contract. … The Cavs have another year to see where their team is at and where Donovan sees that the Cavs are at.”

Mitchell actually has three seasons left on his current contract, but the final year is a player option, so he can reach free agency as early as 2025. That means he’ll essentially be entering a contract year next summer, which is why Windhorst refers to it as a “pressure point.” The Cavs’ performance – and Mitchell’s own play – in 2023/24 could go a long way toward determining whether the star guard is willing to sign a long-term extension with the team a year from now.

Here’s more from around the Central:

Although Ricky Rubio made his announcement about putting his career on hold for mental health reasons through the Spanish Basketball Federation, the Cavaliers were aware the news was coming and are “fully supportive” of the veteran point guard, sources tell Chris Fedor of Cleveland.com. It remains to be seen whether or not Rubio will be available for the Cavs when the NBA season begins this fall.
Pistons guard Cade Cunningham has been the standout player on the U.S. Select Team that has been competing against Team USA’s World Cup squad this week in Las Vegas and has beaten it in multiple scrimmages so far, writes Tim Bontemps of ESPN. While Cunningham’s play in those scrimmages is encouraging for the Pistons and their fans, the former No. 1 pick says he’s simply happy to be back to 100% after a leg injury limited him to 12 games in 2022/23. “I feel healthy again,” Cunningham said. “My leg isn’t a problem for me right now. So I think that’s the biggest difference, just that I can just play freely and not think about my body too much.”
Given Cunningham’s strong play in Vegas, it’s fair to wonder whether he should be a part of Team USA’s actual World Cup roster instead of the Select Team. A previous report indicated that the Pistons guard was invited to join the World Cup team, which Joe Vardon of The Athletic confirms. According to Vardon, Cunningham explained this week that a desire to manage his workload this summer ahead of his NBA return was the “deciding factor” in turning down that invitation.
While it’s unclear if former No. 4 overall pick Patrick Williams has shown enough in his first three NBA seasons to warrant a rookie scale extension from the Bulls this offseason, teammate DeMar DeRozan remains a big believer in Williams’ potential, as Joe Cowley of The Chicago Sun-Times details.

Ricky Rubio Pausing Career To Focus On Mental Health

August 5th, 2023 at 10:11am CST by Earnest Marshall

Cavaliers guard Ricky Rubio, the MVP of the 2019 FIBA World Cup, won’t be participating in the 2023 World Cup this summer, announcing in a statement through the Spanish Basketball Federation (Twitter link) that he’s taking a break from basketball to focus on his mental health.

“I have decided to stop my professional activity to take care of my mental health,” Rubio said. “I want to thank all the support I have received from the FEB (Federación Española de Baloncesto) to understand my decision. Today #LaFamilia makes more sense than ever. Thank you. I ask to respect my privacy to be able to face these moments and to be able to give more information when the time is right.”

Rubio’s Spanish teammates Willy Hernangomez, Rudy Fernandez and Sergio Llull were among those who took to social media to post messages in support of his decision, while Spain head coach Sergio Scariolo wrote in depth about Rubio.

“In La Familia, people have always come before results,” Scariolo said. “All my love and support to Ricky, and my admiration for his transparency and, through it, his ability once again to lead by example.”

The decision to release the news through the Spanish Basketball Federation – rather than the Cavaliers – suggests that, for now, Rubio’s hiatus will only affect the national team. But with no timeline specified for his return to basketball, there’s no guarantee he’ll be available this fall for Cleveland. Of course, Rubio’s mental well-being comes before basketball.

Rubio, 32, is a 12-year NBA veteran who has made 712 total appearances (614 starts) across the regular season and playoffs. The Spanish guard began his career as the fifth overall pick in the 2009 NBA draft by the Timberwolves. He stayed in Spain for a couple more seasons before suiting up for Minnesota in 2011. After departing the Wolves, Rubio made stops in Utah and Phoenix before rejoining the Timberwolves in 2020/21. Following that season, Rubio was acquired by Cleveland via trade.

The veteran guard hasn’t yet played a full season with the Cavaliers. Rubio tore his ACL in December 2021 after appearing in 34 games for Cleveland and thus, wasn’t able to make his ’22/23 debut until January 2023.

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