Transactions Rumors | Hoops Rumors

Wizards Re-Sign Marcin Gortat

July 1st, 2014 at 7:16pm CST by Zachary Links

JULY 10TH: The deal is official, the Wizards announce.

JULY 1ST: The Wizards have agreed to sign big man Marcin Gortat to a new deal, according to teammate and enterprising journalist John Wall on Twitter. Adrian Wojnarowski of Yahoo Sports (on Twitter) says that it’s a five-year, $60MM pact. There are no options or early terminations in Gortat’s deal, tweets David Aldridge of NBA.com.

The mutual interest in a reunion between Gortat and the Wizards has been widely reported for months now, but there were still a number of suitors that threatened to get in the way. The Heat, for one, were said to be thinking about uniting Gortat with their Big Three this summer. The Cavs were also contemplating a run at the 30-year-old, but the Wizards managed to get on the phone with Gortat just after the clock struck midnight and apparently made quick progress on a deal.

Gortat, 30, averaged 13.2 PPG and 9.5 RPG last season for the Wizards while helping them reach the second round of the playoffs. The five-year, $60MM contract matches up with the deal that the Wolves gave to Nikola Pekovic roughly eleven months ago, though it’s not clear if Gortat has an incentives package like Pek’s ($8MM in total).

As Wall touched on his tweet, the Wizards will now turn their attention to re-signing teammate Trevor Ariza. Ariza has spoken fondly of his time in D.C. but is said to be seeking a deal in the $8-$11MM range and likes the idea of playing in a warm weather city.

Bucks Hire Jason Kidd, Fire Larry Drew

July 1st, 2014 at 8:40am CST by Chuck Myron

The Bucks today named Jason Kidd their head coach, the team announced. It’ll be a three-year deal for $12-15MM. He replaces Larry Drew, whom the team let go after reaching a deal to pry Kidd from the Nets. Milwaukee relinquishes 2015 and 2019 second-round draft picks to Brooklyn as compensation. The 2015 second-rounder is actually Brooklyn’s own pick, which the Nets owed to the Bucks from a previous trade.

“When you list the characteristics that make a successful head coach, you would include leadership, communication and a competitive drive,” Bucks GM John Hammond said as part of the team’s statement. “Jason used all of those traits to become a 10-time All-Star player in the NBA, and has now translated his on-court success to the bench. We welcome him to the Bucks organization and look forward to building a Championship-caliber team with him as our head coach.”

In spite of Hammond’s remarks, it appears his job is in jeopardy. Kidd is coming over only as coach, but Hammond assistant GM David Morway had no knowledge of the contact between ownership and Kidd, and the prevailing sentiment around the league is that it’s just a matter of time before Kidd takes control of the front office in Milwaukee. Kidd’s pursuit of front office control in Brooklyn led to his departure from the team.

Lionel Hollins appears to be the front-runner to fill the vacated head coaching position in Brooklyn, while he’s also reportedly a serious candidate for the Lakers job. George Karl and Ettore Messina are also in the mix for Brooklyn, according to reports, while there’s conflicting information about whether Mark Jackson is also a candidate.

Kidd’s departure from Brooklyn after a single season as head coach brings a fitting end to a one-year tenure rife with surprises. His hiring had been the first shock, as he’d just finished his playing career that same spring. Kidd and the Nets tapped Lawrence Frank to serve as a highly paid assistant, but Frank was removed from the bench in the first half of the season and instead assigned to write daily reports for the team. Kidd’s Nets rebounded from a slow start to make the second round of the playoffs, but after Derek Fisher and Steve Kerr wound up with more lucrative deals to coach teams in spite of the same lack of experience Kidd carried into the Nets job, the Brooklyn coach sought more power.

Reports this weekend indicated that the Nets turned down his request for control over the front office, and when Kidd’s friend Marc Lasry, co-owner of the Bucks, made entreaties, all that was left for Brooklyn was to work out the compensation. The Nets were holding out for a first-rounder, but settled for the pair of second-round picks. The fallout in Brooklyn appears likely to have an effect on whether Shaun Livingston, who admires Kidd, will re-sign with the team in free agency.

Photo Courtesy USA Today Sports Images. Chris Broussard of ESPN.com first reported the Nets and Bucks had a deal (Twitter link). Howard Beck of Bleacher Report, Marc Stein of ESPN.com and Adrian Wojnarowski of Yahoo! Sports reported details of the compensation going to Brooklyn (All Twitter links). Wojnarowski also added that the feeling around the league is that Kidd will eventually take control of the Bucks front office (Twitter link). Beck noted that Kidd was just coming over to coach the Bucks for now (Twitter link). Brian Windhorst of ESPN.com reported that Drew had been fired (Twitter link). Beck and Charles F. Gardner of the Milwaukee Journal Sentinel had details of the contract that Jason Kidd is signing (Twitter links).

Raptors, Hawks Exchange Salmons, Williams

July 1st, 2014 at 7:16am CST by Charlie Adams

TUESDAY, 7:13am: The Raptors and Hawks officially announced the trade overnight before the July moratorium began. Williams and the rights to Nogueira go to Toronto while Salmons and a 2015 second-rounder go to Atlanta.

MONDAY, 10:00pm: The snag in the trade has been resolved. The Raptors will also send a 2015 second-round choice to Atlanta in the deal, tweets Ryan Wolstat of the Toronto Sun.

The Raptors should end up with a $2.133MM trade exception for Salmons, Pincus tweets.

8:06pm: The Hawks still aren’t expected to keep Salmons past the new deadline, a league source tells Charania (on Twitter).

8:04pm: The Hawks won’t release Salmons today, and both sides have agreed to extend the waiver deadline to July 10th, a league source tells Shams Charania of RealGM (Twitter link).

SUNDAY, 8:25pm: The Hawks will indeed waive Salmons tomorrow, Wojnarowski reveals in his full story.

7:37pm: The Raptors have agreed to send John Salmons to the Hawks in exchange for Lou Williams and the rights to Lucas Nogueira, tweets Adrian Wojnarowski of Yahoo! Sports. Marc Stein of ESPN first revealed that the two sides were in advanced discussions of such a deal (Twitter link).

Salmons’ $7MM contract is only partially guaranteed for $1MM if he’s waived by the end of tomorrow, as Chuck Myron explained in our recap of upcoming guarantee dates. Given Atlanta’s reported interest in a run at a Carmelo Anthony/LeBron James pairing, it’s probably only a matter of time until Salmons finds himself a free agent. In 78 games for the Kings and Raptors last season, Salmons averaged just 5.0 points per game while shooting 36.8% from the floor.

Williams is a few years removed from his prime, but it’s unlikely the Hawks are giving up the former stud point guard and rights to Nogueira, a 2013 first-round selection, just to get $7MM off of their books. It’s possible, and maybe even likely, that this move is a precursor to a bigger deal, suggests Alex Kennedy of Basketball Insiders (via Twitter). The trade should be finalized sometime tomorrow, tweets David Aldridge of TNT, giving Atlanta the window required to shed Salmons’ contract before it becomes guaranteed.

Cavs Sign Kyrie Irving To Max Extension

July 1st, 2014 at 12:51am CST by Zachary Links

JULY 10TH: The extension is official, the team announced.

“We couldn’t be happier to have Kyrie firmly at the core of our Cavaliers team and family for years to come,” Cavs GM David Griffin said in the team’s release. “He’s already proven he’s among the best in the NBA and we’re excited to watch his continued growth and success. To know that he is all in and shares our high expectations and championship goals is something we’re extremely proud of. It is a clear reflection of how we all view our future together, with Kyrie fully vested in this franchise and the city of Cleveland.”

JULY 1ST: The Cavs and Kyrie Irving have agreed to an extension, according to a tweet from owner Dan Gilbert. Irving intends to sign a five-year, $90MM maximum-salary extension with the team, a league source tells Adrian Wojnarowski of Yahoo Sports (on Twitter). The commitment came in a meeting which took place early Tuesday morning. NBA: Cleveland Cavaliers at Milwaukee Bucks The deal makes Irving the Designated Player for the Cavs, and he can earn a higher maximum salary via the Derrick Rose rule, as Grantland’s Zach Lowe confirms (Twitter link).

There has been some doubt as to whether the Cavs could keep Irving for the long haul or whether the star guard was even wanted in Cleveland after a tumultuous season. However, this bombshell in the early hours of free agency puts an end to that sort of talk. According to Gilbert’s tweet, the deal will be officially signed on July 10th once the moratorium ends.

Irving has had a tumultuous first three years in the NBA after being selected No. 1 overall by Cleveland in the 2011 draft. While he has exhibited the offensive talent that made him worth that selection, the team has failed to make the playoffs or even finish with a .500 winning percentage. Last year’s disappointing 33-win Cavs team was actually the best of the Irving era, and the fallout from a disastrous Andrew Bynum signing, a historically bad rookie year for 2013′s No. 1 pick Anthony Bennett, and continued losing resulted in the mid-season firing of former GM Chris Grant and ex-coach Mike Brown’s dismissal after the season.

Despite the ugly season, Irving is reportedly pleased with the decision to make GM David Griffin the permanent executive after Griffin’s strong run as interim GM during the season. Irving has publicly refuted persistent rumors that he wanted out of Cleveland, but he has stopped short of guaranteeing he will re-sign for the years ahead. Griffin is a believer in the backcourt pairing of Irving and Dion Waiters, and the team experienced a relative turnaround once Griffin took the reigns to foster a positive culture around the two ball-dominant guards.

Cray Allred contributed to this post. Photo courtesy of USA Today Sports Images.

Qualifying Offers: Monday

June 30th, 2014 at 11:15pm CST by Chuck Myron

Teams must decide today whether to tender qualifying offers to their players eligible for restricted free agency or lose the right to match offers from other teams. We’ll round up all of today’s qualifying offer decisions here:

The Pacers declined to tender a qualifying offer to Lavoy Allen, according to Candace Buckner of the Indianapolis Star (Twitter link). Still, there’s mutual interest in a new deal, Buckner adds (on Twitter).
The Hawks extended a qualifying offer to Mike Scott, notes Mark Deeks of ShamSports (on Twitter).
No surprise here: Chandler Parsons got his QO from the Rockets, tweets Mark Deeks of ShamSports.
The Pacers won’t extend a QO to Evan Turner, writes Jeff Zillgitt of USA Today.
Kevin Seraphin officially got his qualifying offer from the Wizards, tweets Mark Deeks of ShamSports.com.
As expected, the Warriors won’t extend a QO to Jordan Crawford, according to Rusty Simmons of the San Francisco Chronicle (on Twitter).
The Hawks have extended a qualifying offer to Shelvin Mack, a source tells Jeff Goodman of ESPN.com (on Twitter).
The Bucks have told forward-center Ekpe Udoh he will not be tendered an offer thus making him an unrestricted free agent, a source told Marc J. Spears of Yahoo (on Twitter).
The Grizzlies have passed on making a qualifying offer to Ed Davis, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). Davis was reportedly a favorite of former CEO Jason Levien, but with Zach Randolph having agreed to an extension, it appears that Davis isn’t quite as highly valued in Memphis as he once was. His qualifying offer would have been worth $4,268,609, a slightly smaller amount than he was originally in line for, as I explained.
No shock here, but the Pistons extended a qualifying offer to Greg Monroe, tweets Vincent Goodwill of The Detroit News, preserving their right to match offers for the fifth-rated player in the Hoops Rumors Free Agent Power Rankings. The qualifying offer is worth nearly $5.5MM, but he’ll command much more than that.
The Pelicans will not give Darius Miller a qualifying offer, reports John Reid of The Times Picayune. The offer would have been worth more than $1.115MM.
The Spurs have tendered a qualifying offer to Aron Baynes, notes Jeff McDonald of the San Antonio Express-News (on Twitter). It’s worth more than $1.115MM, the same amount as Miller’s would have been.
The Knicks have elected not to make a qualifying offer to Toure’ Murry, according to Marc Stein of ESPN.com (Twitter link). They’d like to re-sign him nonetheless, Stein adds in a second tweet, but other teams have interest, USA Today’s Jeff Zillgitt says (on Twitter). The offer would have been worth more than $1.016MM.
Othyus Jeffers and Robbie Hummel won’t receive qualifying offers from the Wolves, the team announced (on Twitter). The offers would have been for amounts slightly greater than $1.148MM and $1.016MM, respectively.

Spurs Likely To Keep Austin Daye

June 30th, 2014 at 7:28pm CST by Zachary Links

The Spurs have the option of dumping Austin Daye‘s contract before the clock strikes midnight, but they’re going keep him instead, according to Shams Charania of RealGM. Marc J. Spears of Yahoo Sports (on Twitter) first reported that the Spurs were not expected to waive Daye.

Daye is set to earn a little over $1MM next season but only $250K of that was guaranteed. Acquired in a trade in February, the 26-year-old averaged 4.1 points and 1.4 rebounds in 14 games for the Spurs. Daye has averaged 5.4 points and 2.7 rebounds over his five NBA seasons, including his time with the Pistons, Grizzlies, and Raptors.

Sixers Waive James Anderson

June 30th, 2014 at 5:40pm CST by Zachary Links

The Sixers announced that they have waived guard James Anderson, tweets Tom Moore of Calkins Media. Anderson’s salary would have become fully guaranteed if he was on the roster on July 1st, so Philly saves about $1MM by cutting him loose.

Anderson, a former first round pick of the Spurs, played in a career-high 80 games under former San Antonio assistant Brett Brown last season. Anderson averaged 10.1 PPG and 3.8 RPG with a PER of 10.9.

Pistons Decline Option On Chauncey Billups

June 30th, 2014 at 5:09pm CST by Zachary Links

The Pistons announced that they have declined Chauncey Billups‘ $2.5MM team option for next season. The move has long been expected.

Billups, 38 in September, saw just 19 games of action for the Pistons last season. His averages of 3.8 PPG and 2.2 APG in that limited run show that he is nowhere near the player that he once was. The veteran is reportedly leaning heavily toward retirement.

If this is indeed the end of the line for Billups, the guard has a long, productive career to look back on. Over the course of 17 seasons, Billups averaged 15.2 PPG and 5.4 APG while capturing a championship and earning upward of $100MM in salary.

The club also confirmed that they extended a qualifying offer to Greg Monroe.

Magic Claim Willie Green

June 30th, 2014 at 4:50pm CST by Zachary Links

The Magic have claimed guard Willie Green off waivers, a source tells Chris Haynes of CSNNW.com (on Twitter). Green, of course, was recently waived by the Clippers.

The Clippers cut Green loose in advance of the date where his contract would have become guaranteed for the 2014/15 season. In 55 games last season (nine starts), Green averaged 5.0 PPG and 1.4 RPG in 15.8 minutes per contest.

Magic Waive Jameer Nelson

June 30th, 2014 at 3:20pm CST by Chuck Myron

The Magic have waived Jameer Nelson, the team announced via press release, confirming a report from Josh Robbins of the Orlando Sentinel. The team was facing a July 15th deadline to either waive him or guarantee his full $8MM salary. His $2MM partial guarantee for next season will remain on Orlando’s books.

Robbins suggests the move is a precursor to a pursuit of experienced players in free agency, perhaps speeding up Orlando’s slow-moving rebuild. The Magic waived Doron Lamb earlier today, traded Arron Afflalo last week, and are reportedly looking to rid themselves of Jason Maxiell, paving the way to plenty of cap flexibility.

The team’s acquisition of rookie point guard Elfrid Payton on draft night Thursday seemed a harbinger of Nelson’s departure. Nelson had nonetheless maintained his role of starting point guard even with the team experimenting with Victor Oladipo at the point last season. The 32-year-old has spent his entire 10-year NBA career with the Magic, and had been the last remaining player from the 2009 Finals team.

Nelson averaged 12.1 points and 7.0 assists against 2.4 turnovers in 32.0 minutes per game last season. The Steve Mountain client seems like a decent fit for the taxpayer’s mid-level exception of $3.278MM, or perhaps more if he’s willing to sign a short-term deal.