Shane Larkin

Atlantic Notes: Larkin, Celtics, Blake

Shane Larkin, who recently inked a two-year, $3MM deal with the Nets, believes his career was stalled by the Knicks‘ triangle offense during the 2014/15 season, Stefan Bondy of The New York Daily News writes. “[The triangle] just wasn’t the best fit for me,” Larkin said. “It’s a good system but I’m a pick-and-roll point guard. That’s how I got in the NBA, playing pick-and-roll in college. That’s how I got here and now being back in a system where I can play the pick-and-roll and just getting in the lane, create for others, shoot my floater, and do a bunch of other things.

Here’s more from the Atlantic Division:

  • The Nets still haven’t made a decision regarding whether the team will attempt to negotiate a buyout with point guard Steve Blake or keep him on the roster, Bondy adds. “I know we have a lot of guys at the point guard position. That’ll be resolved hopefully in the next month, eliminate, so hopefully we won’t have as many going to camp,” GM Billy King said.
  • The Knicks signed Derrick Williams for less than initially thought, as he’ll get $8.8MM over two years, Eric Pincus of Basketball Insiders tweets.
  • Thaddeus Young has a 15% trade kicker in his deal with the Nets, Pincus relays (on Twitter).
  • DeMarre Carroll‘s four-year deal with the Raptors comes to $58MM total, notes Pincus (Twitter link).
  • The Celtics have officially renounced their rights to Shaquille O’Neal, Stephon Marbury, Michael Olowokandi, Michael Finley, Carlos Arroyo, Nenad Krstic, P.J. Brown, and Scot Pollard, which in turn removes their cap holds, Pincus notes (Twitter links). These moves drop Boston below the salary cap line for the first time in nearly 20 years, Chris Forsberg of ESPNBoston.com writes. Boston also loses any form of Bird Rights to these players, though that is a mere formality since it is highly unlikely any of them would be suiting up for the team in the future.

Chuck Myron contributed to this post.

Atlantic Notes: Celtics, Hackett, Nets

The Celtics‘ primary goal this season will be to make he franchise as attractive as possible to free agents hitting the market during next Summer, A. Sherrod Blakely of CSNNE.com writes. With the team expected to have approximately $40MM to spend on free agents in 2016, the team has to develop its young core enough to convince big names like Kevin Durant that they can win in Beantown, Blakely adds.

Here’s more out of the Atlantic Division:

  • Euro guard Daniel Hackett will work out for the Knicks in Las Vegas, David Pick of Eurobasket relays (Twitter links). Hackett, who is also on the radar of the Mavs and Rockets, was offered a contract by the Greek club Olympiacos, but the 27-year-old wants to explore his NBA opportunities before heading back overseas, Pick adds.
  • Nets GM Billy King‘s first two calls when the free agent signing period began were to Shane Larkin and Thomas Robinson, Rod Boone of Newsday tweets. Both players officially signed with Brooklyn today.
  • When King was asked if he expected Deron Williams and Joe Johnson to remain on the Nets‘ roster, he responded, “at this point, yes,” Boone tweets. King also indicated that the reports of the team trying to deal Johnson have been exaggerated, Boone adds.
  • The Knicks are still in contact with the representatives for Alexey Shved, Cole Aldrich and Louis Amundson, Ian Begley of ESPNNewYork.com tweets.
  • The Nets will still look to add another big man to the roster, King indicated, but the team wants to get as close to, if not under, the luxury tax line as it can, Mike Mazzeo of ESPN.com relays (via Twitter).

Nets Sign Shane Larkin

Courtesy of USA Today Sports Images

Courtesy of USA Today Sports Images

JULY 9TH, 12:26pm: The deal is official, the Nets announced via press release.

JULY 2ND, 1:59pm: The Nets and Shane Larkin have agreed to a two-year, $3MM deal, reports Adrian Wojnarowski of Yahoo! Sports (on Twitter). It’ll include a player option on the second season, Wojnarowski writes in a full story. Brooklyn will use part of its $3.376MM taxpayer’s mid-level exception on the guard who played this past season with the crosstown Knicks.

Larkin confirmed the deal to Alex Kennedy of Basketball Insiders (Twitter link). The guard wasn’t expected to return to the Knicks, as Newsday’s Al Iannazzone notes (on Twitter). New York declined its team option for 2015/16 on Larkin’s rookie scale contract this past fall, so the most the Knicks could have paid him next season on a new deal was the value of that option, slightly more than $1.675MM. Other teams were free to pay him more, but the Nets don’t appear to have exceeded that amount.

The Relativity Sports client was the 18th overall pick just two years ago, but he saw little playing time for as a rookie for the Mavs, who traded him to New York in the Tyson Chandler deal. Larkin started 22 games for the Knicks last year, but nonetheless moves on. He passed up more money from one of the three of four teams with interest, but goes into a Brooklyn backcourt already well-stocked with point guards, as Mike Mazzeo of ESPNNewYork.com writes on Twitter.

Free Agency Rumors: Boozer, Williams, Heat

The latest free agent news..

  • The Nets, Mavs, Rockets, Lakers, Heat, and Spurs are in on veteran big man Carlos Boozer, Chris Broussard of ESPN.com tweets.
  • In addition to the incumbent Kings (whose interest was previously reported), the Wizards, Rockets, Lakers, Heat, Suns, and Knicks are expected to show interest in forward Derrick Williams, Broussard tweets.  Williams can become a restricted free agent this summer if the Kings tender him a qualifying offer worth $4,045,894.  The former No. 2 overall pick averaged 8.3 PPG and 2.7 RPG in 74 games last season.
  • The general sense among teams around the league is that Kyle O’Quinn will be able to draw $4-5MM salaries on his next deal and Shane Larkin $2-3MM on his, as Steve Kyler of Basketball Insiders writes in his NBA AM piece. Sources tell Kyler that Gerald Green could be had for around $5MM a year, or slightly less on a deal that runs three or four years.
  • The Mavs, Pacers, Grizzlies, Clippers, and incumbent Suns are the teams showing the most interest in high-flying big man Brandan Wright, Tim MacMahon of ESPNDallas.com tweets.
  • Jamario Moon is looking to make an NBA comeback and has signed with Hazan Sports Management, according to Alex Kennedy of Basketball Insiders (on Twitter).

Chuck Myron contributed to this post.

Knicks Notes: Free Agency, Jackson, Larkin

The Knicks have the league’s worst record this season, and even with a high lottery pick and plenty of cap flexibility on their way this summer, coach Derek Fisher isn’t under any illusions that the team will jump into title contention in 2015/16, as Marc Berman of the New York Post relays.

“I don’t think we can somehow look to next season and say we’re supposed to win a championship,’’ Fisher said, according to Berman. “We’re at the very bottom or below the ground level for the type of work we have to do to turn this around. We have to continue evaluate everything we do.’’

There’s more on the team’s rebuilding project amid the latest from Madison Square Garden:

  • Phil Jackson indicated Thursday that he believes the triangle offense will help sell free agents on the Knicks, but the triple post has plenty of critics, as Ian Begley of ESPNNewYork.com details. Fisher offered a vague hint that the Knicks will move away from the triangle next season, Berman observes in the same piece linked above, but he also defended the system, as Berman also notes.
  • The Tyson Chandler/Jose Calderon trade was a mistake for the Knicks, and Jackson failed to convince Carmelo Anthony to take a discount of much significance, as Begley opines in a separate piece in which he examines Jackson’s first year as Knicks team president.
  • Jackson and the Knicks probably won’t re-sign Shane Larkin this summer, Begley surmises in the same piece.
  • Fellow ESPNNewYork.com scribe Ohm Youngmisuk takes a Knicks-focused look at the implications of the union’s rejection of gradual increases in the salary cap in favor of an immediate spike for 2016/17.

Knicks Notes: Draft, Jackson, Shved, Larkin

Knicks team president Phil Jackson called Ohio State combo guard D’Angelo Russell a “great prospect” when he spoke to Doug Lesmerises of Cleveland.com upon his visit to Ohio State amid a scouting trip, and while it’s no surprise he would say that, the comment sparked trouble nonetheless. The NBA doesn’t allow team officials to talk about college underclassmen, so the league has begun an investigation into Jackson’s comments and is likely to fine him for the remarks about Russell, a freshman, reports Adrian Wojnarowski of Yahoo! Sports. The Knicks top the Reverse Standings, and Russell is No. 3 in Eddie Scarito’s Hoops Rumors Prospect Power Rankings. Here’s more on the Knicks:

  • The Knicks indeed made another push to deal for Reggie Jackson at the trade deadline, according to Marc Berman of the New York Post. They were reportedly likely to make a renewed effort after coming up short in an attempt to trade for him last month. New York lacked the assets for the future to snag Jackson at the deadline, Berman writes, but the team is reportedly planning to target him again when he hits restricted free agency this summer. The Knicks have the potential recruiting advantage of employing coach Derek Fisher, a former Jackson teammate, as Berman examines.
  • The Knicks took on salary to trade for Alexey Shved because they view him as a fit for the triangle, Berman observes in the same story. “We definitely see the potential and his ability to play with our team and operate well within our format,’’ Fisher said. “He’s a good ballhandler and good passer and he can get to the rim and he’s pretty capable shooting.”
  • Shane Larkin would rather re-sign with the Knicks than play elsewhere in the NBA next season, Berman notes in a separate piece. However, the point guard can seek better offers than the $1,675,320 that New York is limited to paying him next season since the team declined his option for that same amount. “The league is watching at all times,’’ Larkin said. “If I go out there and play well the last 25 games, the Knicks could want me or someone else could want me. It’s not that I’m set on one team. They didn’t pick up my option. I can go wherever, but of course I want to stay in New York.’’

Western Notes: Cooley, Garnett, Jazz

Jack Cooley is a candidate to be signed to a 10-day deal by the Jazz, Tony Jones of The Salt Lake Tribune reports (Twitter link). Utah is in need of frontcourt depth in the wake of the Enes Kanter trade. Cooley currently plays for the Idaho Stampede, the Jazz‘s D-League affiliate. In 15 D-League games, Cooley is averaging 15.0 points, 10.3 rebounds, and 1.5 blocks in 28.5 minutes per contest.

Here’s more from the Western Conference:

  • It wouldn’t be surprising to see the Jazz re-sign swingman Chris Johnson, whom the team had on a 10-day contract a few weeks ago, tweets Jody Genessy of the Deseret News.
  • The Clippers met with D-Leaguer Eric Griffin in New York over the weekend and discussed a 10-day deal, but no move is expected, league sources tell Shams Charania of RealGM (on Twitter). Griffin hooked on with the Texas Legends after being waived by the Mavs in October.
  • The Clippers have two roster openings and Arash Markazi of ESPNLosAngeles.com (on Twitter) hears that they plan to fill both.  They’ll likely go with two bought out players but they could sign one buyout guy and one player to a 10-day deal.
  • The Jazz like Alex Abrines, one of the Thunder’s draft-and-stash prospects, Genessy notes (Twitter link). Abrines, a 21-year-old shooting guard, is under contract with Barcelona of Spain until 2016, as our draft rights held players database shows.
  • The Jazz showed interest in Shane Larkin before the deadline, sources told Ian Begley of ESPNNewYork.com (Twitter link).
  • Just as the Timberwolves would reportedly like to sign Kevin Garnett for two more years, Garnett fully intends to play at least one more season, according to Jerry Zgoda of the Star Tribune (Twitter link).

Chuck Myron and Zach Links contributed to this post.

Atlantic Notes: Knicks, Raptors, Sixers

The Knicks are aggressively pursuing trades for players they covet in free agency in order to secure their Bird rights and attempt to lower their cap holds, according to Steve Kyler of Basketball Insiders. The Knicks are one of the teams chasing Suns point guard Goran Dragic, while the Magic’s Tobias Harris is interested in coming to New York. Kyler explains that Dragic’s cap hold of $11.25MM would allow the Knicks to preserve an extra $4.25MM or so in cap space to sign other players this summer. Harris has a cap hold of $5.91MM. Shane Larkin, Jose Calderon, Tim Hardaway Jr., Cole Aldrich and Andrea Bargnani are among the players whom the Knicks are shopping, Kyler adds.

Here’s more from the Atlantic Division:

  • Carmelo Anthony says the Knicks should only be focused on the future as the team heads toward the trade deadline, Brian Lewis of the New York Post reports. Anthony has been shut down for the remainder of the season because of his balky knee. “The only thing that matters at this point is about where we’re headed as a team, as an organization for the future,” Anthony said to reporters after Sunday’s All-Star Game.
  • Knicks president Phil Jackson said that New York is “in the mix” at the trade deadline, and that the franchise is hoping to make at least one move, Marc Berman of The New York Post writes. Jackson also relayed that there isn’t much interest from other teams in Bargnani and Calderon, Berman notes. The Zen Master also said that the Knicks might not waive Bargnani, since the coaching staff feels he may be needed in the wake of Anthony being lost for the season and Amar’e Stoudemire‘s buyout arrangement.
  • The Raptors have assigned Bruno Caboclo to the Fort Wayne Mad Ants, the team has announced. This will be Caboclo’s second trip to the D-League this season.
  • The Sixers would listen to any offers for Henry Sims, Luc Mbah a Moute, Jakarr Sampson, and Hollis ThompsonJohn Gonzalez of CSNPhilly.com writes. Gonzalez adds that he doubts any of those players would bring Philly a significant return.
  • It’s unlikely the Celtics make any moves at the deadline, Chris Forsberg of ESPNBoston.com speculates. While Boston president of basketball operations Danny Ainge has expressed a willingness to be active, Forsberg points out that the Celtics have made only one deadline trade in the past three seasons.

Eddie Scarito contributed to this post.

Atlantic Notes: Larkin, Morris, Aldemir

The Atlantic Division is home to the teams with the NBA’s two highest payrolls — the Knicks and the Nets — as well as the Sixers, who have the lowest. All three of them are under .500, and the Knicks, with 21 losses, have suffered just one fewer defeat than Philadelphia has. Here’s more on a trio of teams with different approaches and similar results:

  • Shane Larkin wants to re-sign with the Knicks next summer even though they declined their 2015/16 team option on his rookie scale contract, as Larkin tells Dan Feldman of NBCSports.com“I love it here. I want to be here,” Larkin said. “Obviously, I want to help bring the Knicks back to what they used to be.” The Knicks haven’t dismissed the possibility, but declining the option hamstrings the team, which can’t pay more than the $1,675,320 value of his option if they were to re-sign him, as Feldman points out, examining the risky play of ceding control over young talent in exchange for cap flexibility.
  • The non-guaranteed minimum-salary deal that the Nets gave Darius Morris last week covers two seasons, according to Eric Pincus of Basketball Insiders (Twitter link). The salary for 2015/16 becomes partially guaranteed for $25K if he remains on the roster through July 1st, and there are additional guarantee dates later in the year that further raise that guaranteed amount, as Pincus shows on the Basketball Insiders Nets salary page.
  • Furkan Aldemir received a signing bonus of nearly $306K, Pincus reports (Twitter links). His base salary is $2.8MM in the first, third and fourth years of his four-year contract and $2.7MM in year two, Pincus adds. The first two seasons are fully guaranteed, so the cap hits for the signing bonus, which by rule are spread over the guaranteed seasons of the deal, come to $2.96MM for this season and $2.84MM for next, as Pincus also reveals.
  • The amount of guaranteed money going to Aldemir signals the gravity of his signing amid an otherwise low-risk strategy for Sixers GM Sam Hinkie, writes John Smallwood of the Philadelphia Daily News. Aldemir’s ability to develop will be a key bellwether for the success of Hinkie’s tenure, Smallwood believes.

Eastern Notes: Rondo, Harris, Larkin, Butler

Whether they decide to keep him or trade him, the Celtics are convinced that Rajon Rondo is back to normal, reports Jenny Dial Creech of The Houston Chronicle.  Rondo, who had 4 points, 10 rebounds and 8 assists Saturday in a loss to the Rockets, played in just 30 games last season because of an ACL injury. “He kind of looks like what I’d seen on film before I got here,” said Celtics coach Brad Stevens. “I don’t think he ever looked like that at any time last year, because he was coming back. And that’s just the way it goes with that injury. But he is back to full speed.” Rondo is in the final season of a five-year, $55MM contract and will be an unrestricted free agent this summer. Here’s more from around the Eastern Conference:

  • Tobias Harris faces a new challenge as he plays this season without certainty of his future status, writes Josh Robbins of the Orlando Sentinel. The Magic and Harris did not reach an extension agreement by the October 31st deadline. “It’s business,” Harris said. “It’s a little disappointing. But at the same time, I’ll just approach it the same way.”
  • Shane Larkin understands the “business deal” that led the Knicks not to pick up his third-year option, but he told Ohm Youngmisuk of ESPNNewYork.com he wants to show the team he can be part of its future. “Obviously they want to build a championship team here,” Larkin said, “and they need as much money as they can next summer to be able to bring in the big free agents that they’re looking at.” Larkin will become an unrestricted free agent this summer and can re-sign with New York, but only for up to $1,675,320, the amount of the option that was declined, The Knicks, who also decided not to offer an extension to Iman Shumpert, are expected to chase maximum-salary players next summer when the hefty contracts of Amar’e Stoudemire and Andrea Bargnani expire.
  • The BullsJimmy Butler is headed toward restricted free agency, but he explained to Nick Friedell of ESPNChicago.com that doesn’t mean he’s headed out of Chicago. Friedell adds that Butler and his agent, Happy Walters, were asking for a deal similar to the $12MM a year that the Hornets gave to Kemba Walker last week. Bulls GM Gar Forman said the uncertainty looming over the salary cap with the league’s new TV deal affected the decision not to give Butler a long-term deal.

Arthur Hill contributed to this post.