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Rockets To Sign Trevor Ariza

July 12th, 2014 at 4:30pm CST by Charlie Adams

The Rockets and Trevor Ariza have agreed on a four-year, $32MM deal that will bring the sharpshooting small forward to Houston, tweets Sam Amick of USA Today. A number of teams were rumored to be interested in Ariza’s services, but the Rockets beat them out on a deal that will still provide them enough flexibility to match the Mavericks’ offer sheet that was presented to Chandler Parsons, should they choose to do so.

Ariza’s contract is structured on a declining scale, a source tells Adrian Wojnarowski of Yahoo! Sports (Twitter link). He will earn $8.6MM this season, and $8.2MM, $7.8MM, $7.4MM, in the following years. The price figure doesn’t prohibit the Rockets from bringing back Parsons, but it’s seemingly unlikely, given that both Ariza and Parsons play small forward. Ariza could potentially be used as a stretch four alongside Dwight Howard, but such a scenario would only be necessary if Houston brings back Parsons.

In 77 games with the Wizards last season, the Rob Pelinka client averaged 14.4 points and 6.2 rebounds per night. He shot 40.7% from beyond the arc, well above his career mark of 34.7%. Ariza, 29, played in Houston during the 2009/10 season. He’ll likely be in line to start for the Rockets, provided the team chooses not to match the Mavs’ offer sheet on Parsons.

Ariza’s departure is a major loss for the Wizards, who worked to secure the return of Ariza and fellow free agent Marcin Gortat. They were able to do so rather quickly with Gortat, reportedly the higher priority of the two, but Ariza was determined to shop the open market. The Wizards, with Martell Webster out perhaps until New Year’s Day after undergoing back surgery, will either have to turn the small forward position over to 2013 No. 3 overall pick Otto Porter or push to find another option on the market.

Hornets Acquire Scotty Hopson

July 12th, 2014 at 1:23pm CST by Chuck Myron

1:23pm: The deal is official, Charlotte announced via press release, which also revealed the Hornets will receive some cash from the Cavs. The exact amount wasn’t disclosed, however.

1:12am: The Hornets will receive Scotty Hopson from the Cavaliers in a restructured version of a draft-night trade agreement between the clubs, reports Jason Lloyd of the Akron Beacon Journal (Twitter link). Brendan Haywood and the rights to No. 45 overall pick Dwight Powell are headed to Cleveland, Lloyd adds, so Hopson is essentially replacing Alonzo Gee, who was in the original version of the agreement. The Cavs sent Gee to New Orleans on Friday in a separate trade. The net effect will likely be the same for the Hornets, since it appeared they were primarily seeking cap flexibility in the deal.

Hopson’s contract, like Gee’s, is non-guaranteed. The 24-year-old appeared in only two games for seven minutes during his brief Cavs tenure, and it’s his only NBA experience, having spent the rest of his pro career overseas. The Cavs signed him using their room exception this past March to a prorated deal for the waning days of 2013/14, with a non-guaranteed 2014/15 salary tacked on. It was something of a clumsy maneuver for the Cavs, since they could have signed a long-tenured veteran to the minimum salary and tacked on a greater non-guaranteed salary for 2014/15, thus giving themselves a more attractive trade asset. Using the room exception also forced the Cavs to give Hopson a significantly higher prorated salary for 2013/14 than they would have doled out if they’d signed him or someone else to the minimum salary.

Cavs GM David Griffin redeems himself with his acquisition of Haywood, whose unusual contract sets him up to become a valuable trade weapon next summer, as I explained. Powell, a power forward from Stanford, joins No. 33 overall pick Joe Harris among second-round picks vying for a roster spot with Cleveland this year.

Suns Acquire Isaiah Thomas

July 12th, 2014 at 1:07pm CST by Eddie Scarito

SATURDAY, 1:07pm: The trade is complete, per a release from the Suns.

5:51pm: Thomas confirms that he’s heading to the Suns once the sign-and-trade is complete, reports Alex Kennedy of Basketball Insiders (Twitter link). Of the deal, Thomas said, “I feel wanted. That’s all I wanted.”

FRIDAY, 5:40pm: The Suns and Kings are finalizing a sign-and-trade deal on a four-year, $27MM contract for Isaiah Thomas, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). This was after Thomas had reached an agreement and signed an offer sheet with Phoenix, tweets Wojnarowski. Paul Coro of The Arizona Republic (Twitter link) reports that the Suns will send rights to 2013 second-round pick Alex Oriakhi, and that Sacramento will also wind up with a $7.2MM trade exception.

Phoenix was one of a handful of teams that had reached out to Thomas since free agency began. The Lakers, Mavericks, Pistons, Warriors and Heat were also reported to have had interest in the former Sacramento point guard.

Thomas averaged 20.3 PPG, 2.9 RPG, and 6.3 APG last year for the Kings, while appearing in 72 games for the team. His slash line was .447/.360/.857.

Photo courtesy of USA Today Sports Images.

Spurs Sign Kyle Anderson

July 12th, 2014 at 11:55am CST by Cray Allred

Kyle Anderson has signed with the Spurs, the team announced in a press release. The 30th pick from the 2014 draft is in line for a $1,093,680 salary, assuming the team pays the fully allowed 120% of his rookie-scale wages. It is standard for teams to pay that amount, but not assured for players at the end of the first round like Anderson.

The UCLA product will likely come off San Antonio’s bench as a reserve point guard, but Anderson’s impressive size will provide the Spurs some flexibility on where the team can play him, as Hoops Rumors’ Eddie Scarito mentioned in Anderson’s prospect profile. Hoops Rumors’ Alex Lee projected that Anderson would be taken 26th overall in the final version of his mock draft, suggesting San Antonio got good value from the 30th pick.

Anderson joins the reigning NBA champions and will learn from perhaps the game’s best coaching staff, led by head coach Gregg Popovich. It might take some seasoning before Anderson is ready to get regular playing time, but he couldn’t ask for a better group to learn from.

Spurs Re-Sign Patty Mills

July 12th, 2014 at 11:37am CST by Zachary Links

JULY 12TH, 11:37am: The signing is official, per a team release.

7:01pm: The deal is worth about $12MM over three years, tweets Marc Stein of ESPN.com.

JULY 2ND, 6:18pm: The Spurs and Patty Mills have reached agreement on a three-year contract, according to Buck Harvey of the San Antonio Express-News (on Twitter). Mills, as we learned last night, could be out of action for up to seven months thanks to a shoulder injury. Financial terms of the deal are not yet known.

In the wake of the injury news, Marc Stein of ESPN.com reported that a re-signing was likely for the Aussie guard. In a career-high 81 games this past season, Mills averaged 10.2 PPG and 2.1 RPG with a PER of 18.7. Mills proved to be especially vital in the postseason, including a 17 point performance (with five three pointers) in the deciding Game 5 of the Finals.

Jazz Match Gordon Hayward Offer Sheet

July 12th, 2014 at 10:00am CST by Cray Allred

The Jazz have matched the Hornets maximum-salary offer sheet to Gordon Hayward, league sources tell Adrian Wojnarowski of Yahoo! Sports (Twitter links). Hayward will sign with Utah today. The move was expected, as the Jazz had been planning to match any offer the restricted free agent would receive on the market.

Hayward will receive a total of $62,965,420 over the course of the deal, with a starting salary of $14.746MM. It’s the most that Charlotte or any team other than the Jazz could have given him in an offer sheet. He was eligible for as much as $84,789,500 over five seasons if he’d signed directly with Utah, which helps explain why the Jazz all along seemed content to let him negotiate with other teams, only to swoop in and match.

The 24-year-old secured the max offer from Charlotte amid interest from several teams. The Jazz were unable to sign Hayward to a rookie-scale extension last fall, which put in motion the process leading to him becoming a max player this offseason. Utah offered significantly less during extension negotiations, so Hayward’s choice to decline their offer and hit free agency has paid off for the small forward.

The Priority Sports & Entertainment client will look to lead an improved youth movement in Utah alongside new addition Dante Exum, whom the Jazz selected with the No. 5 pick in this year’s draft. Hayward turned in career-best averages in points, steals, assists, and rebounds per game in the 2013/14 season, but did so in the most inefficient year of his career on a Jazz team that struggled in only winning 25 games.

Photo courtesy of USA Today Sports Images.

Vince Carter Signs With Grizzlies

July 12th, 2014 at 8:00am CST by Eddie Scarito

SATURDAY, 8:00am: The signing is official, the team announced in a release.

SATURDAY, 12:15am: The final year is partially guaranteed for $2MM, according to USA Today’s Sam Amick (Twitter link).

FRIDAY, 11:18pm: Carter had told the Mavs that he would take a two-year, $8MM deal to stay in Dallas, but the team couldn’t go higher than $2.73MM per year due to the offer sheet they signed with Chandler Parsons, tweets MacMahon.

10:53pm: Vince Carter has agreed to a three-year, $12MM deal with Memphis, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). The third year of the deal is partially guaranteed, tweets Wojnarowski. Carter looks to be taking the place of Mike Miller, who was informed this evening that the Grizzlies would not be bringing him back.

The Mavericks had renounced their rights to Carter yesterday, but still hoped to re-sign the veteran. Dallas had been confident they could keep Vince Carter, but all they could offer was a $2.73MM exception, notes Tim MacMahon of ESPNDallas.com (Twitter link). Carter had also reportedly been the subject of pitches from the Heat and others.

The 37 year old veteran had averaged 11.9 PPG, 4.9 RPG, and 3.7 APG while averaging 24.4 minutes per night for Dallas last season. He has lifetime numbers of 20.2 PPG, 4.9 RPG, and 3.7 APG.

Bogdan Bogdanovic Signs To Play In Turkey

July 11th, 2014 at 10:14pm CST by Chuck Myron

10:14pm: Bogdanovic’s NBA escape clause for the summer of 2016 involves a buyout of 1 million euros, according to Nikos Varlas of Eurohoops.net. That’s the equivalent of more than $1.36MM at today’s exchange rate.

11:08am: Suns first-round pick Bogdan Bogdanovic has officially signed with Fenerbahce Ulker of Turkey, the team announced on Twitter (hat tip to Sportando’s Emiliano Carchia). NTV Spor’s Ismail Senol originally reported the deal (Twitter link; translation via Carchia), which runs four years. It’s worth $4.6MM, according to Croatia’s Sportske Novosti (hat tip to Paul Coro of the Arizona Republic). The 21-year-old shooting guard, who was the 27th overall pick last month, won’t have a chance to get out of the contract and join the NBA for two years, as David Pick of Eurobasket.com reported earlier.

The Suns and Bogdanovic agreed in writing earlier this week that he wouldn’t sign an NBA contract this year, so his $930,500 cap hit was removed from Phoenix’s books. The Suns also drafted T.J. Warren 14th overall, Tyler Ennis 18th overall, and Alec Brown 50th overall this year, and there was little chance from the beginning that all of them would play for the team as rookies in 2014/15.

Bogdanovic played with Serbia’s KK Partizan last season and averaged 14.9 points and 3.7 assists in 30.2 minutes per game. If he doesn’t come to the NBA in 2016, he’ll no longer be bound by the rookie scale, so if he continues to develop, he might be in line for much more than NBA rookies are accustomed to, as Bulls prospect Nikola Mirotic seemingly will be. Bogdanovic is not to be confused with Nets draft-and-stash prospect Bojan Bogdanovic.

Knicks Re-Sign Cole Aldrich, Waive Odom

July 11th, 2014 at 7:30pm CST by Eddie Scarito

7:30pm: The signing is official, the team announced.

7:19pm: The Knicks have re-signed center Cole Aldrich reports Marc Berman of the New York Post (Twitter link). The length and terms of the contract have not been announced yet.

In 46 games last season for New York, Aldrich averaged 2.0 PPG, 2.8 RPG, and 0.3 APG in 7.2 minutes per contest. His slash line was .541/.000/.867.

The team has also announced that they have waived Lamar Odom. In regards to Odom, the press release stated, “Unfortunately, Lamar was unable to uphold the standards to return as an NBA player.We found it necessary to free up the roster spot.” This move could mark the end of Odom’s NBA career.

Jazz Sign Rodney Hood

July 11th, 2014 at 6:42pm CST by Chuck Myron

6:42pm: The signing is official, the team has announced.

1:20pm: The Jazz have signed No. 23 overall pick Rodney Hood, as Hood reveals on his verified Twitter account. He’ll likely receive slightly more than $1.29MM this coming season, as our chart of salaries for 2014 first-round picks shows.

The 6’8″ former Duke Blue Devil touted his versatility and readiness to play when he spoke to Zach Links of Hoops Rumors before the draft. He averaged 16.1 points per game with 42.0% three-point shooting this past season in his lone year at the school after transferring from Mississippi State.

The Jazz took Hood at the back end of the range into which Eddie Scarito of Hoops Rumors thought he would fall when he examined the 21-year-old’s prospect profile. That sets Utah up with the potential for strong value from the pick. The Jazz also have the rights to No. 5 overall pick Dante Exum, who remains unsigned but will likely ink soon.