Bogut’s Bonus Could Push Warriors Into Tax
Andrew Bogut will earn a contract bonus worth $425K if he lands a spot on either of the league’s two All-Defensive Teams this season, Grantland’s Zach Lowe reports, noting that it would be just enough to push the Warriors over the $71.748MM luxury tax threshold. The Bulls have a similar arrangement with Taj Gibson that would put them into tax territory, as Mark Deeks of ShamSports previously reported, but Lowe reveals that bonuses for Joakim Noah could also knock the Bulls over the line. A bonus that Lowe reports is a part of Serge Ibaka‘s deal wouldn’t force the Thunder to pay the tax, but it might have if the team had used a significant portion of its room under the tax at the trade deadline, as it appeared Oklahoma City attempted to do.
Bogut and a few of his teammates would also receive bonuses worth enough money to force the Warriors to pay the luxury tax if they make the Finals. Golden State has never paid the tax, as Deeks has noted, though co-owner Joe Lacob has said multiple times this season that he would be willing to do so under the proper circumstances.
A Finals berth would probably qualify under Lacob’s criteria, but an All-Defensive Team nod for Bogut during a season in which the team languishes near the bottom of the Western Conference playoff picture seems a paltry return on a tax investment. Bogut is third in the league in defensive rating and ninth in defensive win shares, according to Basketball-Reference.com, so there’s a realistic chance he receives the bonus and triggers the tax penalty. The team likely took that into account when it acquired Steve Blake and his $4MM salary at the trade deadline, Lowe observes, figuring that the Warriors sought a cheaper alternative but came up empty.
Noah will make $500K if he earns a first-team All-NBA selection, and with a case to be made that the Bulls center has been as valuable as anyone not named LeBron James or Kevin Durant this season, Noah stands a reasonable shot at receiving the bonus. The money would be more than enough to push the Bulls into the tax regardless of what happens with Gibson. Their recent signing of Jimmer Fredette for the season was an indication the team is betting that Gibson and Noah won’t trigger the bonuses this season, and there’s much at stake. The Bulls paid the tax last season, meaning the team would be in line for backbreaking repeat-offender tax rates if it pays the tax again this year and in 2014/15. Noah would also receive $250K if the Bulls win the title, according to Lowe, though that seems quite a long shot, and that bonus alone wouldn’t be enough to force Chicago to pay the tax.
Ibaka receives $250K if he wins Defensive Player of the Year honors, and while he’s not the favorite to do so, Lowe deems him a candidate, which is no stretch, considering he finished second in voting for the award in 2011/12 and third last season. The Knicks reportedly rejected a deadline offer that would have sent Iman Shumpert to the Thunder in exchange for Oklahoma City’s 2014 first-rounder. The exact proposal is unclear, Lowe writes, but if it was a straight exchange of Shumpert for a pick, it would have left the Thunder a few hundred thousand dollars under the tax even if Ibaka had received his bonus, by my calculations. Ibaka also gets a $100K bonus if he makes the All-Defensive First Team, but the league lists that as a likely bonus, meaning it’s already applied to team salary.
Central Notes: Onuaku, Bulls, Bucks
Indiana’s loss to the Warriors on Tuesday kept the Pacers from clinching a playoff berth, but the team will lock up a trip to the postseason the next time it wins a game. Once that happens, that means the team’s first-round pick is guaranteed to go to Phoenix, as I noted today when I looked at protected first-rounders that could be changing hands. Here’s more from the Central Division:
- The Cavs re-signed Arinze Onuaku to another 10-day contract Tuesday even though he saw just 50 seconds of playing time on his first 10-day deal, but the big man’s experience with the team’s D-League affiliate has already allowed the club to evaluate him. Jason Lloyd of the Akron Beacon Journal has the details, noting that Onuaku’s presence on the roster is likely tied to the health of Anderson Varejao.
- The increasing value of Joakim Noah makes it less likely the Bulls would chase Carmelo Anthony this summer, as Mike McGraw of the Daily Herald explains.
- Improved chemistry with the additions of Ramon Sessions and Jeff Adrien has helped the Bucks improve their play since the trade deadline, observes Genaro C. Armas of The Associated Press. Of course, wins will come at the expense of the team’s lottery position. Our Reverse Standings show the Bucks have just one fewer loss than the Sixers as they try to hold off Philadelphia for the best chance at the No. 1 overall pick.
Knicks Rumors: Chandler, Fredette, Van Gundy
The Knicks dropped a critical game Monday night to the Pistons, one of the teams ahead of them for the final playoff spot. The loss was the seventh in a row for the Knicks, who are six and a half games out of the playoffs. All of this is a boon for the Nuggets, who’ll receive New York’s first-round pick this year, as our Reverse Standings show. Here’s more from the beleaguered blue-and-orange:
- Tyson Chandler is under contract through next season, but he’s uncertain if he’ll want to re-sign with the Knicks, as Marc Berman of the New York Post observes.
- Newly signed Bulls guard Jimmer Fredette says playing for the Knicks “would have been a lot of fun,” given the team’s proximity to his hometown of Glens Falls, New York, but he’s not crestfallen that it didn’t happen, notes Stefan Bondy of the New York Daily News.
- Jeff Van Gundy, rumored as a head coaching candidate for the Knicks if they let go of Mike Woodson after the season, weighed in on the team’s struggles in an appearance on “The Stephen A. Smith and Ryan Ruocco Show” on ESPN New York 98.7. Ohm Youngmisuk of ESPNNewYork.com transcribes the highlights.
Eastern Rumors: Butler, Sixers, Jimmer
Heat president Pat Riley says that he made a play for Caron Butler but ultimately things didn’t work out. “We reached out to him. But he was very definitive with what he wanted. I don’t think it’s something we could have promised…We’re pretty deep. When you got James Jones and Udonis Haslem, Rashard Lewis in those positions, they’re waiting,” said Riley, according to Ira Winderman of the Sun Sentinel (Twitter links). More out of the East..
- Within today’s article, Winderman has more from his talk with Riley, including a chat about the future of the Big Three and Dwyane Wade‘s recent emergence.
- Brett Brown knew that this would be a rough season, but the rookie 76ers coach admits that he really didn’t realize how difficult things would be, writes Marc Narducci of the Philadelphia Inquirer. “To say I knew it was going to be like this is false,” said Brown. Philly is 15-44 and has lost 13 consecutive games after Saturday night’s home loss to the Wizards.
- Coach Mike Woodson says the Knicks didn’t consider guard Jimmer Fredette before he hooked on with the Bulls, writes Marc Berman of the New York Post.
- Sam Smith of Bulls.com gives his early impressions of new Bulls guard Jimmer Fredette. The guard spoke to the media about his time in Sacramento and what he hoped to do now that he’s in Chicago.
- Thanks to the state of the Celtics roster, new callup Chris Babb could see even more burn than he could have possibly envisioned, writes Mark Murphy of the Boston Herald. Babb, who came up from the Maine Red Claws, says he was caught off-guard by his promotion.
Bobcats Waive Ben Gordon
12:09pm: With Gordon being waived after the date to be playoff eligible, he’ll have to choose between going to a non-postseason team or sitting out until he hits free agency this summer, tweets Adrian Wojnarowksi of Yahoo! Sports.
10:55am: The Bobcats have announced via press release that they have officially requested waivers on guard Ben Gordon. This move comes a day after the cutoff for players to be eligible to appear in the postseason when signing with a new team. The announcement was made by President of Basketball Operations Rod Higgins. Higgins stated, “With the recent acquisition of additional backcourt depth to our roster, we believe this is in the best interests of both parties. We want to thank Ben for his contributions over the past two seasons and wish him the best as he moves on in his career.”
Gordon was originally acquired from the Pistons along with a future first-round draft pick on June 26th, 2012, in exchange for Corey Maggette. Gordon appeared in 94 games for the Bobcats and averaged 10.0 PPG, 1.7 RPG, and 1.7 APG over 19.6 minutes per contest. Gordon played in 19 games this season, averaging 5.2 PPG, 1.4 RPG, and 1.1 APG in 14.7 minutes.
The Raymond Brothers client doesn’t want to hook up with any team that wouldn’t allow him to hit free agency this summer, as he’s currently scheduled to do. The Bulls, Clippers and Rockets had apparently been dangling two-year offers (Twitter links), but with the Bulls signing Jimmer Fredette, and with the Clippers’ recent signings of Danny Granger and Glen Davis, it is unknown if they would still have any interest. The Thunder have also been mentioned as a possibility for Gordon’s services.
Bulls Sign Jimmer Fredette
The Bulls announced today the team has signed guard Jimmer Fredette for the remainder of 
the season. The Octagon Sports client‘s $2.4MM contract had cleared waivers making him a free agent. Exact financial terms of the contract were not disclosed.
“We are very excited to add a player like Jimmer to our roster,” said Bulls GM Gar Forman. “We’ve followed him closely throughout his collegiate and professional career, and believe he’ll be the type of player that will fit in with our group and be an asset to the team.”
Chicago was the favorite to add Fredette following his buyout agreement with the Kings on Thursday. The third-year guard is averaging a career low in minutes and points this year, but is shooting .493 from three and having his most efficient offensive season in limited playing time.
The Bulls — an elite defensive team — are hoping the 10th pick from the 2011 draft can add some firepower to their offense, which is ranked 27th in both three-point makes and percentage this season. Fredette has averaged 7 PPG and 1.5 APG in two-plus years with the Kings, where some believe he was miscast as a point guard and buried behind other developing talent that Sacramento accumulated in the backcourt.
While other notable buyout players Danny Granger, Glen Davis, and Caron Butler have signed up with contenders in the Western Conference over the last week, Fredette chose an Eastern Conference playoff team that could give him an opportunity to shine before he becomes a free agent in the summer.
Eddie Scarito contributed to this post. Photo courtesy of USA Today Sports Images. Sam Amick of USA Today first reported the agreement. Shams Charania of RealGM reported that the deal covers the rest of the season and doesn’t include any options (Twitter link).
Eastern Notes: Iverson, Anthony, Thibodeau
The big news of the night was the Sixers officially retiring Allen Iverson‘s #3 during a halftime ceremony at tonight’s contest with the Wizards. Iverson had officially announced his retirement back in October. He averaged 26.7 PPG and 6.2 APG in 914 career regular-season games, and scored 29.7 PPG in 71 career playoff games. Iverson, who also saw action with the Nuggets, Pistons, and Grizzlies, was an 11-time All-Star, a four-time scoring champion, a three-time member of the All-NBA First Team, and won the MVP award in 2001. Congrats go out to A.I..
More from around the Eastern Conference:
- Gary Neal is overjoyed at the trade that sent him to the Bobcats, writes Dan McCarney of MySanAntonio.com. Neal told McCarney that he got on the first available plane out of the city, as he wasn’t fond of how he was utilized in Milwaukee, nor about the direction of the franchise. Neal stated, “I’m excited to be playing meaningful basketball again. After three years of being with the Spurs, with every possession of every game counting I’m just glad to being back to that. I’m a little too old for the tanking situation.”
- Jay Yeomans of the Deseret News analyzes how Jimmer Fredette fits in with the Bulls, who he is rumored to have reached an agreement with earlier today.
- With free-agency right around the corner, Carmelo Anthony must be taking notice of how much has gone wrong with the Knicks, writes Al Iannazzone of Newsday.
- If ‘Melo is really committed to winning, then he should follow the example of Miami’s “Big-Three”, writes Moke Hamilton of SNY.tv. LeBron James, Dwyane Wade, and Chris Bosh all took less to fit in under the salary cap, and Anthony should consider that before signing his next contract, opines Hamilton. It will be the only way for him to bring other star players to New York.
- The Knicks might attempt to acquire Bulls coach Tom Thibodeau after the season if they let go of Mike Woodson. Marc Berman of the New York Post looks at why the Knicks should try, the probability of the Bulls letting him go, and what it might cost.
- Tom Moore of Calkins Media looks at what Sixers GM Sam Hinkie can do with the five second-round picks the team has in this year’s draft.
- Metta World Peace has interest in joining the Pistons, according to his brother, writes Marc Berman of the New York Post.
Luke Adams contributed to this post.
Caron Butler Signs With Thunder
The Thunder have signed Caron Butler, the team announced. The Raymond Brothers client spurns the Heat, who had been co-favorites with Oklahoma City. The Bulls, Spurs and Rockets were also in contention for the 12th-year veteran. The deal covers the rest of the season, and perhaps there’s a player option for 2014/15, as Glen Davis recently re
ceived from the Clippers.
“We are pleased to welcome Caron Butler to the Thunder organization and to Oklahoma City,” GM Sam Presti said. “Caron represents what we look for in a Thunder player and will positively impact our team. His toughness. hard-nosed defense, resiliency and highly regarded professionalism will only enhance our depth and bring additional versatility to the roster.”
Oklahoma City had reportedly been seeking a two-way wing player before the trade deadline, and were willing to give up their own 2014 first-round pick to acquire Iman Shumpert from the Knicks. New York turned the Thunder down, and while Butler isn’t quite the defensive presence that Shumpert is, the Thunder appear to be better off, particularly since they’ll get to keep their draft pick and they’re likely making only a minimum-salary investment. Oklahoma City had been carrying just 13 players, so the team didn’t have to make a corresponding move.
Butler, who turns 34 in March, has been enduring one of his worst shooting seasons, connecting on just 38.7% of his shots. He’s still making 36.1% of his three-point attempts, and he averaged 11.0 points in 24.1 minutes per game for Milwaukee, which is close to his native Racine, Wisconsin. Butler’s homecoming this season to the league-worst Bucks was no fairy tale, and the team made him a part of trade talks before agreeing to a buyout this week. It’s unclear how much of this season’s $8MM salary he gave up to pry his way out his contract, which was set to end this summer.
The two-time All-Star goes from the bottom of the Eastern Conference standings to the top of the West with Oklahoma City, which figures to make Butler the backup to Kevin Durant and use them together in small-ball lineups. The early end of OKC’s pursuit of Danny Granger, who wound up picking the Clippers late Thursday night, reportedly led executives around the league to believe the Thunder were confident about their ability to land Butler. Miami had seemed like a natural fit, since the Heat made Butler the 10th overall pick in the 2002 draft, and he played his first two seasons with the team, developing a close relationship with Dwyane Wade, the godfather of one of Butler’s daughters.
Eddie Scarito contributed to this post. Photo courtesy of USA Today Sports Images. Adrian Wojnarowski of Yahoo! Sports first reported the agreement, noting that it covered the rest of the season.
Central Notes: Bynum, Ilyasova, Fredette
Chronic knee injuries have taken a permanent toll on Andrew Bynum, who will have to play through pain for the rest of his career. The Pacers big man says he has the drive to push through the injuries and contribute at a high level again, despite a lost season with the Sixers and an ugly release from the Cavs this year, he tells Candace Buckner of The Indy Star. “My motivation is because I want a championship. I want to play.” Here’s more from the Central Division:
- Bynum admits to Buckner that he launched a half court shot and mocked an assistant coach in Cleveland out of frustration, which was rumored as the impetus behind the Cavs choice to suspend and then release him.
- Bynum found Cavs coach Mike Brown‘s system too complex, and the winning attitudes in Cleveland lacking. Alternately, Bynum is impressed with the Pacers culture. “It’s better, it’s more structured. You’re here, they do what they need to do with you and then you’re out. It’s not like something is going on forever. Everything has a plan and you try to stick to it and accomplish it, that’s always good.”
- Ersan Ilyasova tells Charles F. Gardner of Milwauke Journal Sentinel that he’s hoping the latest reset for the Bucks will be the last for a while. “Even last year being in the playoffs and we were hoping we were going to build on it. I came back to Milwaukee and it was like a new team. It’s really frustrating but at some point we have to find stability,” says Ilyasova. “We have a great organization. We have good fans, but we just have to be consistent with what we do. At some point I’m hoping we find the right pieces. I feel really comfortable being with the Milwaukee Bucks. We’ve had a lot of change, but I hope we find the right players.” Ilyasova requested a trade earlier in the year, but while Milwaukee shipped out guards Gary Neal and Luke Ridnour, they held on to the 26-year-old power forward they signed to a five-year, $40MM contract two offseasons ago.
- Joel Brigham of Basketball Insiders thinks the Jimmer Fredette signing by the Bulls will be good for both the team and player. Chicago needs outside shooting, which Fredette can provide, and Fredette needs playing time to rebuild his value before becoming a free agent this offseason.
Bobcats, Ben Gordon Talk Buyout
3:36pm: The Thunder have interest in Gordon, who continues to pursue a buyout with Charlotte, according to Ramona Shelburne of ESPNLosAngeles.com. Unlike other clubs thinking of signing him, Oklahoma City is open to giving him a deal that would allow him to become a free agent this summer, Shelburne adds (Twitter links).
FRIDAY, 10:23am: The Bulls are not expected to have interest in Gordon unless they miss out on Jimmer Fredette, according to Mike McGraw of the Daily Herald. Fredette is reportedly “strongly leaning” toward Chicago.
FEBRUARY 27TH: Buyout discussions continue between Charlotte and Gordon’s representatives, but the Raymond Brothers client doesn’t want to hook up with any team that wouldn’t allow him to hit free agency this summer, as he’s currently scheduled to do. The Bulls, Clippers and Rockets are apparently dangling two-year offers (Twitter links).
FEBRUARY 21ST: 5:40pm: Gordon and the Bobcats are close to completing an agreement on a buyout, according to Ramona Shelburne of ESPN.com.
1:38pm: The Bobcats and Ben Gordon are in negotiations about a buyout of his bloated expiring deal, reports Adrian Wojnarowski of Yahoo! Sports. Gordon is making $13.2MM in the final season of a five-year, $58MM contract. He was rumored to have been a part of discussions about the trade Charlotte made with the Bucks yesterday, but the 30-year-old shooting guard remains a Bobcat.
Gordon has seen action in just 18 games for the Bobcats this season, averaging 5.3 points in 14.4 minutes per contest. The career 40.2% three-point shooter has made a career-low 28.6% of his long-range attempts this year. Gordon has been in trade rumors since clashing with former coach Mike Dunlap last season.
The 10th-year veteran came to Charlotte from the Pistons in the summer of 2012 as part of a deal for Corey Maggette and a first-round pick that could become a lottery selection for the Bobcats this year. Buyout chatter has emerged surrounding Charlie Villanueva as well, meaning both key figures from Detroit’s 2009 spending spree may wind up ending their deals early.
Eddie Scarito contributed to this post.