Eastern Notes: Woodson, Van Gundy, Rondo
The Knicks’ poor play means that Mike Woodson might still be in danger of losing his job, but Marc Berman of the New York Post reports that Woodson doesn’t believe he has to prove himself to anyone: “I’m not trying to convince anyone…I’m trying to take our team as it is and do the best job we can do.” Berman notes that since owner James Dolan gave Woodson his vote of confidence early this season, the Knicks have gone 2-9. Here’s more from New York and the Eastern Conference:
- Jeff Van Gundy says there isn’t any merit to the rumors claiming he might replace Woodson as coach for the Knicks, Ian Begley of ESPNNewYork.com reveals. “It’s annoying because it’s not true,” said Van Gundy. “I don’t think for one minute Mike Woodson is in any trouble nor should he be because he has proven himself to be an outstanding coach.“
- Rajon Rondo spoke out and said he hasn’t been in contact with Carmelo Anthony about potentially signing with the Knicks down the road, reports Royce Young of CBSsports.com: “I haven’t spoken to him. He ain’t contacted me. It’s just rumors.“
- It’s no secret the Pacers are seeking to earn the highest seed in the East year, and besting the Heat last night in Indiana proves they’re capable of challenging Miami for the top spot. Wheat Hotchkiss at NBA.com examines how important offseason acquisitions C.J. Watson and Luis Scola have been to Indiana’s success this year.
- John Salmons is happy to be in Toronto, according to Ryan Wolstat of the Toronto Sun. It’s been seven years since Salmons turned down a five-year, $23MM deal to play for the Raptors in order to ink a similar deal with the Kings.
- An Insider piece by Bradford Doolittle of ESPN examines the key decisions that the Bulls’ front office will face in the near future, including the decision of whether or not to amnesty Carlos Boozer. Opting to retain the veteran forward will probably delay European superstar Nikola Mirotic’s arrival in Chicago, notes Doolittle.
Kings/Raptors Notes: Gay, Acy, Arena
The Kings and Raptors hooked up on a seven-player deal this week, and neither club appears ready to stop trading. Every game is an audition of sorts for the players on the Raptors in the wake of this week’s trade, observes Ryan Wolstat of the Toronto Sun.
“We’ve got a lot of young guys sitting in that room who have to take this opportunity and take their chance when their name is called to not only show us, but to show 29 other teams what they can do,” coach Dwane Casey said.
Here’s more on two teams that figure to be surrounded by rumors in advance of the February 20th trade deadline:
- Casey believes the trade was the right move, but says it shouldn’t been seen as an indictment of Rudy Gay‘s talent or Toronto’s decision to acquire him last season, Wolstat notes in a roundup from last night’s game.
- The Kings are enthusiastic about Gay’s game, and he’s excited to be with a team that believes in him, as Jason Jones of the Sacramento Bee details.
- Jones, in a separate piece, looks at how the Kings are dismissing Gay’s shortcomings in advanced metrics, and Jeff Caplan of NBA.com crunches the numbers for a similar story.
- Quincy Acy tells Eric Koreen of the National Post that he was “kind of stunned” when he found out he was being traded, and the power forward fondly reflects on his time in Toronto.
- The Bee’s Dale Kasler has the latest on Sacramento’s efforts to build a new arena, noting that it will take weeks to determine whether opponents of the project have enough signatures to force a referendum.
How Raptors/Kings Trade Works Financially
NBA trades are rarely simple exchanges of players. Teams exercise flexibility when they swap their players for another team’s, as the Kings and Raptors did Monday, and they also often gain even more flexibility as a result. That’s indeed the case for Toronto and Sacramento, as their seven-player trade allowed both teams to acquire trade exceptions. Raptors can create an exception worth $4,583,432, while the Kings can make one for $2,316,429. The teams can use these exceptions in later trades to take on players in transactions that wouldn’t otherwise work, since they’re both above the salary cap.
Toronto can accomplish this by structuring the swap as two separate trades. The first would be Patrick Patterson ($3,105,301) and Greivis Vasquez ($2,150,188) for Aaron Gray ($2,690,875) and Quincy Acy ($788,872). The Raptors don’t get an exception from this part of the deal, since only non-simultaneous trades bear exceptions, and teams can’t surrender more than one player in a non-simultaneous trade. This four-player swap just barely fits within the the salary-matching framework for simultaneous deals involving less than $9.8MM in outgoing money. A team’s incoming salary must be no more than 150%, plus $100K, greater than what the other team gives up. Toronto’s incoming salary comes to $5,255,489. That’s above 150% more than Sacramento’s side, but within that $100K cushion.
Placing those four players in a simultaneous trade allows the Raptors to put together the part of the deal that yields the exception. Rudy Gay and his $17,888,932 salary would go in a single, non-simultaneous transaction in exchange for John Salmons ($7,583,000) and Chuck Hayes ($5,722,500). The difference between Gay’s salary and the combined pay for Salmons and Hayes is $4,583,432, which is the amount of Toronto’s exception.
Sacramento’s best strategy appears to involve breaking the deal into three parts. The Kings could make the same exchange of Gay for Salmons and Hayes, though from Sacramento’s perspective, that’s a simultaneous trade, since the Kings are giving up more than one player. It fits the salary-matching requirements for a simultaneous trade in which a club gives up between $9.8MM and $19.6MM in salary, since Gay’s salary is less than $5MM more than what Salmons and Hayes make.
The Kings can also line up Vasquez and Gray as a single, simultaneous transaction. Sacramento is giving up only one player, but the Kings would take back slightly more money, so there wouldn’t be an exception for them if it were a non-simultaneous trade. Their salaries are within the salary-matching framework of 150% plus $100K for deals of this size. That wouldn’t be the case if the Kings made Acy a part of this swap. Usually, players on minimum-salary contracts, like Acy, wouldn’t count toward incoming salary in a simultaneous trade, but Acy’s on a three-year deal. That means he wasn’t signed using the minimum-salary exception, and therefore, he can’t be acquired using the minimum-salary exception. In other words, his salary needs to be taken into account, pushing a theoretical three-player deal involving him, Gray and Vasquez over the salary-matching limit.
So, Acy goes into the non-simultaneous trade from which Sacramento can draw its exception. The Kings net $2,316,429 by subtracting Acy’s salary from Patterson’s. Taking on Acy’s salary in another part of the trade would allow Sacramento to collect an exception worth Patterson’s entire salary, but there doesn’t appear to be a way to make that happen.
Teams aren’t obligated to structure their transactions in a way that creates the largest possible trade exceptions, but it’s usually to their advantage to do so. The exception the Raptors created via this summer’s Andrea Bargnani trade was too small to accommodate any of the players from this week’s deal. Teams have one year from the date of the trade to use the exceptions, and many times they simply expire. For now, the exceptions the Kings and Raptors created with their trade this week gives each team an additional weapon, with the trade deadline looming in a little more than two months.
ShamSports was used in the creation of this post.
Atlantic Notes: Sixers, Pierce, Raptors, Chandler
Today, Adam Silver stated (Twitter link) he would be willing to consider removing divisions from the NBA. If the NBA does so we will no longer be able to claim the Atlantic Division as the most talked about division in the NBA. Until then, the Atlantic Division has made headlines all season with the Nets and Knicks struggles. Those headlines have increased of late with the Raptors and Sixers being active in the early trade market. Looking further into these rumors:
- Thaddeus Young‘s name has once more emerged in trade talk, this time in reference to an Omer Asik deal, but the Sixers forward continues to pay little attention to the chatter, as he tells Christopher A. Vito of the Delaware County Daily Times. John Finger of CSNPhilly.com explains how this trade would work.
- Sixers offseason acquisition Tony Wroten has played well in place of Michael Carter-Williams, but he seems interested in retaining a starting role long term, which could pose a dilemma for Philadelphia, as Bob Cooney of the Philadelphia Daily News explains.
- Paul Pierce thinks he could return from his broken hand for Tuesday’s match up with the Celtics, and today he addressed the emotions of perhaps facing his former team as well as his continued faith in the Nets. The 36-year-old also dismissed talk of retiring in the near future. Mike Mazzeo of ESPNNewYork.com has the details.
- Following the blockbuster Rudy Gay trade, Ryan Wolstat of the Toronto Sun explains what the road ahead looks like for GM Masai Ujiri and the Raptors. Wolstat adds the Raptors may be realizing how important it is to get in the top of the lottery for next year’s draft especially with fellow Canadian Andrew Wiggens atop that draft.
- Projecting the next few years for Rudy Gay, Tom Ziller of SBNation compares what the Raptors gave up to acquire Gay versus what the Kings gave up to acquire Gay ten months later. Ziller points out that although the Kings gave up much less than the Raptors did, they will be the loser in this trade in the coming years.
- With the 4-6 week timetable approaching for Knicks‘ center Tyson Chandler to return from his fractured leg, Chandler told reporters this morning he expects to be in the lineup before New Year’s Day. Royce Young of CBSSports.com describes what his return will mean for the Knicks’ rotation.
Chuck Myron contributed to this post.
Raptors Notes: Gay, Valanciunas, DeRozan
Kings owner Vivek Ranadive was the catalyst behind Sacramento’s trade for Rudy Gay, and he’s wanted the 6’9″ forward for months, regardless of the advanced metrics that suggest Gay is no star, a source tells TNT’s David Aldridge. His enthusiasm allowed the Raptors to unload a player that GM Masai Ujiri clearly wasn’t as high on. Here’s more on the swap along with other news from Toronto:
- Jonas Valanciunas is the Raptor least likely to be traded, but even he isn’t entirely off-limits as Ujiri attempts to overhaul the team, according to Ryan Wolstat of the Toronto Sun. A desire to sell tickets and the expectation that Gay would raise his trade value helped keep the Raptors from trading Gay before the season, Wolstat suggests.
- Wolstat adds more thoughts on the trade in a separate piece, passing along word from a source who says it’s likely the Raptors trade one or both of DeMar DeRozan and Amir Johnson.
- It’s clear that Ujiri is rebuilding the Raptors, but it’s not as easy to see what he’s building toward, writes Matt Moore of CBSSports.com.
- Andrew Wiggins isn’t the lock for the No. 1 overall pick he once appeared to be, but there’s no way the Raptors would pass him up if they won the draft lottery, writes Chad Ford of ESPN.com, who looks at what several teams would do with the top pick (Insider only).
Kings Acquire Rudy Gay
The Kings have officially acquired Rudy Gay from the Raptors along with Aaron Gray and Quincy Acy, Toronto announced via press release. Greivis Vasquez, John Salmons, Patrick Patterson and Chuck Hayes are headed north of the border. Adrian Wojnarowski of Yahoo! Sports originally reported last night that the swap would take place (Twitter links).
“We thank Rudy, Aaron and Quincy for their time here. They were great professionals and strong community ambassadors of the Raptors,” Toronto GM Masai Ujiri said in a statement. “The trade gives us good flexibility and more certainty as we plan for our future.”
The Kings plan on using Gay as a stretch-four and see Gay and the recently-acquired Derrick Williams as being capable of guarding either forward position, Marc J. Spears of Yahoo Sports tweets. With Williams and Gay, the Kings are buying low on two notable names that have depreciated in the eyes of many evaluators.
“We’re excited to welcome these additions to our team,” Sacramento GM Pete D’Alessandro said, according to a release from the Kings. “In Rudy we’ve acquired one of the league’s proven scorers while Aaron and Quincy provide size and depth in our frontcourt. We also appreciate the contributions and efforts that John, Chuck, Greivis and Patrick made to the Kings organization. We all wish them the very best moving forward.”
Gay, 27, boasts career averages of 18.0 PPG and 5.9 RPG, but newer metrics such as PER have shown that his efficiency leaves much to be desired. It’s not just fans and front office execs that have taken notice, either. After a November game in which the small forward took 37 shots and scored 29 points, LeBron James remarked that he would put up 60 points “easy” if he attempted such a gaudy number of shots.
While the Kings gain at athletic wing in Gay, the Raptors free up a good amount of money for 2015 and gain a couple of interesting pieces along the way as well. As for the financial part of things, the only guaranteed 2015 money that came back in the deal is Hayes’ $5.9MM contract. Beyond that, they can clear $14.5MM by declining options/qualifying offers for Vasquez, Salmons, and Patterson.
Last month, it was reported that Ujiri was exploring trade options for Gay and others with Jonas Valanciunas, 2011′s fifth overall pick, the only real untouchable of the bunch. Gay was the team’s most obvious chip since he’s still capable of being a top scorer for a team and could be a rental since he has a player option for 2014/15 that he could turn down in favor of a longer deal. With a $17.89MM salary, however, finding a home for Gay hasn’t been easy. Gay’s player option for 2014/15 is worth $19.2MM.
Vasquez, 27 in January, took a major step forward with the Pelicans last season when he put up career best averages of 13.9 PPG and 9 APG. Today’s news means that Vasquez has now worn three different jerseys in this calendar year – the guard came to Sacramento in July as a part of the three-way Tyreke Evans deal. While Vasquez has fans in the Kings front office, they clearly felt that this was a trade they had to make to get a dominant wing. It also has the added benefit of clearing up the Kings’ backcourt logjam.
Patterson, 24, is also in his third career trade with today’s deal. The power forward has had an up-and-down career through Houston and Sacramento and hasn’t been off to a blazing start this season. Patterson is putting up just 6.9 PPG and 5.8 RPG while shooting 41% from the floor.
Salmons, 33, has been seeing almost 25 minutes per contest with the Kings this season but is putting up some of his weakest per 36 minutes averages of his career. Only $1MM of Salmons’ $7MM salary in 2014/15 is guaranteed and it’s a safe bet that he’ll be let go. Acy, 23, hasn’t seen much burn this season, playing 8.7 minutes per contest across seven games.
More than three-quarters of Hoops Rumors readers said that they expected Gay to be traded before the deadline. It certainly helped that Ujiri and D’Alessandro have a history after working together in Denver. By trading Andrea Bargnani and Gay, Ujiri has cleared ~$20MM off of the books next season.
Chuck Myron contributed to this post.
Raptors Waive D.J. Augustin
The Raptors have waived D.J. Augustin, the team announced. The move is a precursor to the completion of the seven-player trade Toronto and the Kings agreed to last night. The deal left the Raptors with 16 players, forcing them to drop one before the swap becomes official. Augustin signed a one-year, $1.267MM deal in the offseason, and since it’s fully guaranteed, his cap hit will remain on Toronto’s books.
The move spares Dwight Buycks and Julyan Stone, who also appeared candidates to be cut. Stone might have made the most sense, since his partially guaranteed contract for the minimum salary has in essence become non-guaranteed, but he remains, as does Buycks, who also makes less than Augustin. There was “no chance” the Raptors would let go of Stone, tweets Ryan Wolstat of the Toronto Sun.
It’s been a tough comedown for Augustin, the ninth overall pick in the 2008 draft who turned down an extension from the Bobcats a couple of years ago, as Rick Bonnell of the Charlotte Observer notes (on Twitter). He underperformed after signing a one-year, $3.5MM contract with the Pacers last season, and was averaging just 8.2 minutes per game in 10 appearances for Toronto this year.
Kings/Raptors Trade Reaction
News of the pending trade between the Raptors and Kings overshadowed Kobe Bryant‘s return to the Lakers, which was supposed to be the story of Sunday night around the NBA. There are plenty of reverberations in the wake of the deal that featured Rudy Gay, and we’ll round them up here:
- The Raptors were at the 15-man roster limit before the trade, and since they’re acquiring four players and giving up three, they’ll have to cut someone. Ryan Wolstat of the Toronto Sun initially figured D.J. Augustin was ripe for the chopping block before hearing Dwight Buycks was most likely to go (Twitter links). HoopsWorld’s Steve Kyler pegs Julyan Stone as the probable cut, but Wolstat (on Twitter) thinks Stone is most likely to stick.
- There was increasing mutual dissatisfaction between the Raptors and Gay, note Adrian Wojnarowski and Marc J. Spears of Yahoo! Sports. It’s almost certain that Gay will exercise his $19.3MM option for next season, Wojnarowski and Spears write, and the Kings didn’t ask Gay about his plans regarding the option before agreeing to the trade, USA Today’s Sam Amick tweets.
- The Raptors might not be weakening their team this season, Kyler writes in his NBA AM piece, figuring the players they’re acquiring might be much better than the ones they’re sending out. Kyler also suggests the Kings may use the next couple of months to evaluate Gay to decide whether to flip him at the trade deadline.
- Raptors coach Dwane Casey remains on shaky ground, sources tell Grantland’s Zach Lowe. The Raptors spoke to nearly every team in the league about Gay, Lowe writes, specifically mentioning the Pistons, Bucks and Cavs.
- Toronto brass had already decided to rebuild before they found a taker for Gay, but sources told SportsNet’s Michael Grange just two days prior to the deal that GM Masai Ujiri had essentially given up on what seemed like a futile search for a trade partner.
- In the same piece, Grange writes that league sources were stunned that the Kings were willing to take on Gay, with one executive asking rhetorically, “Doesn’t Sacramento watch the games?”
- Kings GM Pete D’Alessandro has been struggling to accept the idea of another losing season for Sacramento, which helps explain why he’s been so active on the trade market, according to Jason Jones of the Sacramento Bee.
Jason Thompson, Kyle Lowry On Trade Block
The Kings and Raptors agreed to a major seven-player trade last night, but there could be more moves coming for both teams. The Kings are trying to deal away power forward Jason Thompson, while the Raptors wouldn’t mind parting with point guard Kyle Lowry, reports Marc Stein of ESPN.com.
Sacramento has already pulled off a pair of in-season swaps, acquiring Derrick Williams and Rudy Gay. Those two will likely bump Thompson from the starting lineup. Finding a new home for Thompson won’t be easy, Stein points out, since he’s in the second season of a five-year contract for nearly $30.2MM with a 5% trade kicker.
No Raptor appears to be off-limits for a trade, aside from Jonas Valanciunas, according to a recent report. The team’s primary goal for the season now seems to be improving its draft lottery chances, making Lowry a prime trade candidate, as Stein suggests. Lowry is making $6.21MM in the final season of his deal. Greivis Vasquez, whom Toronto will receive in the swap with the Kings, could replace Lowry in the starting lineup.
Though the Kings and Raptors just hooked up on a trade, and respective GMs Pete D’Alessandro and Masai Ujiri worked together in the Nuggets front office, it doesn’t appear there are discussions between the teams involving Thompson or Lowry.
Raptors, Kings Discussing Rudy Gay Deal
6:08pm: The two sides are nearing agreement on a deal, Wojnarowski tweets.
6:02pm: The Raptors and Kings are discussing a deal centered on Rudy Gay, league sources tell Adrian Wojnarowski and Marc. J Spears of Yahoo Sports (via Twitter).
Last month, it was reported that GM Masai Ujiri is exploring trade options for Gay and others with Jonas Valanciunas, 2011′s fifth overall pick, the only real untouchable of the bunch. Gay looks like the most obvious chip since he’s still capable of being a top scorer for a team and could be a rental since he has a player option for 2014/15 that he could turn down in favor of a longer deal. With a $17.89MM salary, the Raptors will have to take some serious salary back in any trade.
More than three-quarters of Hoops Rumors readers say that they expect Gay to be traded before the deadline.