Thunder Re-Sign Grant Jerrett
WEDNESDAY, 8:22pm: The signing is official, per a team release.
“Grant had an excellent and productive season with the Tulsa 66ers,” Thunder GM Sam Presti said. “We are excited to see him move forward within our program.”
MONDAY, 5:01pm: Free agent Grant Jerrett has reached agreement on a multi-year deal to re-sign with the Thunder, reports Shams Charania of RealGm (Twitter link). Contract length and details haven’t been announced yet.
Jerrett was originally selected 40th overall by the Trail Blazers in the 2013 NBA Draft. His rights were then traded to the Thunder on draft night for cash considerations. He then spent the bulk of the 2013/14 season with the Tulsa 66ers of the NBA D-League where he appeared in 27 games and averaged 15.1 PPG and 6.1 RPG in 29.3 minutes per game. He was signed by the Thunder for the remainder of the season on April 7th, 2014. Jerrett did not make an appearance for the team.
Back on June 30th, the Thunder declined Jerrett‘s $816K option while also extending him a $1.16MM qualifying offer. In that same article, Hoops Rumors’ Chuck Myron predicted that Jerrett would re-sign with Oklahoma City on a multi-year deal for the amount of his qualifying offer that includes at least a partial guarantee in year two to entice him to take a multi-year deal rather than just signing the QO.
Hawks Acquire Thabo Sefolosha
JULY 16TH, 7:48pm: Sefolosha’s deal has a declining salary structure, with $4,150,000 in 2014/15, $4,000,000 in 2015/16, and $3,850,000 in 2016/17, according to the Hawks updated salary sheet by Mark Deeks of ShamSports.com. That $4.15MM salary in year one is the value of the trade exception the Thunder create with this deal.
6:36pm: The Hawks announced that the deal is official, per team press release.
“Thabo is an unselfish, competitive and playoff-tested player, and does many things well on both sides of the ball,” Hawks president Danny Ferry said in a statement. “He also fills a need, giving us more size and depth at the wing position. He’s been a part of winning programs and will fit our culture well.”
4:40pm: The Thunder will receive the rights to draft-and-stash prospect Sofoklis Schortsanitis, while Atlanta gets Sefolosha, the rights to fellow draft-and-stash prospect Giorgos Printezis, and cash, according to Mayberry (Twitter link).
JULY 15TH, 4:32pm: The Hawks and Thunder are working on a sign-and-trade that would send Sefolosha to Atlanta but allow the Thunder to reap a trade exception, tweets Darnell Mayberry of The Oklahoman. It’s expected to be finalized today, Mayberry adds.
JULY 10TH, 10:12pm: In spite of the team press release, Chris Vivlamore of the Atlanta Journal-Constitution hears that Sefolosha’s signing has yet to take place (Twitter link). Such news is out of the ordinary, given the team’s announcement, and Vivlamore notes the agreement is still in place, so the deal is likely to happen sometime soon.
6:10pm: The deal is official, the Hawks announce via press release.
“Thabo is an unselfish, competitive and playoff-tested player, and does many things well on both sides of the ball,” Hawks President and GM Danny Ferry said. “He also fills a need, giving us more size and depth at the wing position. He’s been a part of winning programs and will fit our culture well.”
JULY 3RD: The Hawks and Thabo Sefolosha have reached agreement on a three-year, $12MM deal, reports Shams Charania of RealGM. There were serious doubts about the Thunder’s willingness to retain their starting shooting guard since their playoff elimination, and indeed the 30-year-old is headed elsewhere. It’s a fully guaranteed three-year deal with no option clauses involved, Charania adds.
The Clippers, Mavs and Rockets scheduled meetings with the Guy Zucker client, who also visited Washington, according to earlier reports, and Toronto, as Charania writes. The Heat apparently made an inquiry, but there was no report of contact from either the Thunder or the Hawks. Atlanta nonetheless was on the lookout for a wing player with size and wasn’t pleased with the way it played when either Kyle Korver or DeMarre Carroll were unavailable last season, USA Today’s Sam Amick tweets. It appears as though the Hawks have brought Sefolosha in to address those issues.
Atlanta will likely use cap space to finalize the deal, having opened up additional flexibility with this week’s John Salmons trade. It’s doubtful they’ll stop there, however. The Hawks had reportedly thought about making a run at Carmelo Anthony, and while that seems like a remote possibility, they can still open enough cap room for an eye-catching free agent acquisition, even with Sefolosha in tow.
Rockets To Re-Sign Troy Daniels
WEDNESDAY, 7:44pm: Daniels’ contract is for the minimum, totaling $1,763,758 over the two years, per the updated Rockets salary sheet by Mark Deeks of ShamSports.com.
TUESDAY, 6:46pm: It’s for a total of $2MM over two years, writes Jenny Dial Creech of the Houston Chronicle.
MONDAY, 5:41pm: The Rockets have reached an agreement to re-sign restricted free agent guard Troy Daniels, reports Shams Charania of RealGM (Twitter link). The contract is for two years and is fully guaranteed, reports Charania. Financial terms of the were not disclosed. Daniels had also received interest from the Mavericks, Spurs, Grizzlies, and Pelicans.
Houston had turned down their team option on Daniels, and instead extended him a qualifying offer. Daniels was originally scheduled to make the one-year veteran’s minimum of $816,482 on the option next season.
The Rockets had signed Daniels shortly after the trade deadline, cutting Ronnie Brewer to make room. He only appeared in five regular season games, but lit up the D-League, putting up 21.9 PPG and shooting 40.1% from behind the arc. Daniels then emerged as a key rotation player in the playoffs, averaging 7.8 PPG and nailing an impressive 53.3% of his three-pointers in the final four games of Houston’s first-round loss to the Blazers.
Carmelo Anthony To Re-Sign With Knicks
2:22pm: Marc Stein of ESPN.com has the figures for all five seasons (on Twitter): It’s the maximum $22,458,401 in year one, followed by a discounted raise to $22,875,000 for year two, and maximum raises that bring Anthony’s salaries to $24,559,380, $26,243,760 and $27,928,140 in the final three years. That brings the total value to $124,064,681, exactly $5,071,124 less than the maximum for which he could have signed.
8:42am: Anthony will receive his maximum salary in the first year of his deal, according to Marc Berman of the New York Post. That precise max is $22,458,401, and it allows for a raise worth $1,684,380 each season. However, Anthony’s raise for the second season of the deal is $400K, Berman reports, adding that the contract will also include a 15% trade kicker should Anthony decide to waive his no-trade clause.
7:19pm: The deal also includes a no-trade clause, according to Frank Isola of the New York Daily News (Twitter link).
TUESDAY, 7:00pm: Anthony’s contract will be for $124MM over five years, sources tell Ian Begley of ESPNNewYork.com, who adds that Anthony will have an early termination option after the fourth season. The deal – which starts at $22.5MM in the first year – includes a “slight increase” in the second year followed by “larger increases” thereafter (Twitter links).
MONDAY, 10:05am: Anthony took a discount, Jackson confirms, and while the deal is for an estimated $122-123MM, the total value remains unclear, as Marc Berman of the New York Post details.
SUNDAY, 11:54am: Phil Jackson also confirms the pending agreement via the Knicks official Twitter account (Twitter links). Jackson said, “After 3 months of questions around Carmelo Anthony’s return to the NY Knicks we are now happy to know that we have the cornerstone of what we envision as a team of excellence. Steve Mills and I have assured Carmelo through our conversations, that we share the vision and the determination to build this team.”
SUNDAY, 11:28am: Anthony has confirmed he will be returning to New York via his website. In his announcement, ‘Melo said, “This organization has supported me and in return, I want to stay and build here with this city and my team.” Contract details have not been announced yet.
1:10pm: The deal is for five years and more than $120MM, but the final amount is undetermined, and Anthony may still accept less than the max, sources tell Wojnarowski.
SATURDAY, 12:05pm: Carmelo Anthony will inform the Knicks of his decision to re-sign in New York within the coming hours, tweets Adrian Wojnarowski of Yahoo! Sports. Frank Isola of The New York Daily News first reported Anthony’s intention to return to New York earlier this week, but the former scoring champ appeared to fluctuate over the last few days in deciding between the Knicks, Lakers and Bulls. ‘Melo will sign a five-year contract. The deal will presumably be for a maximum salary of $129MM, although Knicks president Phil Jackson has suggested that there were multiple salary structures on the table for Anthony.
Anthony, ranked second in the Hoops Rumors Free Agent Power Rankings, was encouraged by the momentum Jackson had garnered the franchise, which included hiring Derek Fisher as head coach and acquiring Jose Calderon via trade. The Bulls offered ‘Melo the best opportunity to contend in the upcoming season, but were unable to offer nearly as much annual salary or as many years as New York, who exercised their Bird Rights to extend the winning bid to retain the All-Star.
The client CAA client will remain in New York for the duration of his prime, after coming to his home state in a 2011 trade from Denver. Since joining the Knicks, ‘Melo has put up some of his most effective seasons as an individual, but seen mixed results as the centerpiece for a blockbuster team. The Knicks have won a single playoff series since obtaining Anthony.
A series of poor decisions had turned the Knicks from hopeful contenders to a laughing stock to many last season, in which they finished 37-45. The hefty contracts for Anthony, Amar’e Stoudemire, Tyson Chandler, and Andrea Bargnani left the team with no cap flexibility, and a history of parting with draft selections and prospects had them headed toward the 2014 draft with no picks. However, Jackson was able to swing a series of moves that sent Chandler to Dallas and earned New York multiple second round picks.
‘Melo will hope Jackson, who has managed some of the game’s greats to many titles as a coach, can work some of the same magic as an executive. Jackson will work with Fisher to implement his triangle offense around Anthony’s strengths. Anthony’s belief in the future of New York will likely play a large part in determining his legacy, and whether he ever finds prolonged success in the playoffs. Anthony has standout averages of 25.3 PPG and 6.5 RPG for his career.
Photo courtesy of USA Today Sports Images.
Thunder Sign Anthony Morrow
WEDNESDAY, 2:04pm: The deal is official, the team announced via press release.
“Anthony Morrow has demonstrated that he is amongst the most consistent and efficient three point shooters in the NBA over his career, and we are pleased to welcome him to Oklahoma City and the Thunder organization,” Thunder GM Sam Presti said. “With his body of work, we feel Anthony is a unique addition to a diverse roster, while also possessing the toughness and selflessness that we are consistently seeking in Thunder players.”
SATURDAY, 1:08pm: The deal is for three years in slight excess of $10MM, tweets Shams Charania of RealGM. The final year is a team option, per David Aldridge of NBA.com (via Twitter).
12:33pm: Anthony Morrow has agreed to join the Thunder, tweets Darnell Mayberry of The Oklahoman. The shooting specialist had received interest from the Clippers, Heat, Wizards, Raptors, Suns, Wizards, Pistons, and Pelicans in addition to Oklahoma City and other unnamed teams.
Morrow opted out of the final, $1.1MM year of his contract with New Orleans this summer. The terms of the deal are still unknown, but I would guess the contract to be significantly more lucrative considering the amount of interest the 28-year-old was drawing. The shooting guard could be in play to start for the Thunder, who let starting shooting guard Thabo Sefolosha walk following a disappointing 2013/14 campaign. Morrow has only started 129 games over the course of his six-year career.
Suns To Waive Ish Smith
10:52pm: The Suns have officially waived Smith, the team announced on their official website.
4:50pm: The Suns are waiving Ish Smith this evening to avoid his non-guaranteed contract becoming fully guaranteed for $992,435, reports Paul Coro of the Arizona Republic (Twitter link). Today’s the last day the team can make that maneuver without shelling out for Smith this year, as our schedule of contract guarantee dates shows.
Smith played a prominent role for the Suns this past season, averaging 3.7 points, 2.6 assists and 14.4 minutes per game. It appears to be a numbers crunch at part to blame for his departure, even given Phoenix’s commitment to lineups featuring two point guards. The Suns added point guards Isaiah Thomas via sign-and-trade and Tyler Ennis through the draft to supplement Eric Bledsoe, whom they intend to retain through restricted free agency, and Goran Dragic.
Celtics To Keep Phil Pressey
The Celtics have guaranteed Phil Pressey’s contract for 2014/15, a source tells Gary Washburn of the Boston Globe (Twitter link). Today was the last day that the team could waive his non-guaranteed salary for this season before it became fully guaranteed. The 5’11 guard signed a three-year deal last summer worth $2.25MM, although only $490K was fully guaranteed. Pressey will earn roughly $816K this upcoming season.
Pressey appeared in 75 games last season, averaging 2.8 PPG, 3.2 APG, and nearly one steal per game in 15.1 MPG. The 23-year-old guard struggled with his shot however, shooting 30.8% from the field and 26.4% from beyond-the-arc.
Celtics Re-Sign Avery Bradley
JULY 15TH, 6:40pm: The deal is now official, according to a team press release.
“We see Avery as a key part of our chase of Banner 18,” said Celtics president Danny Ainge in a statement. “He keeps getting better and is still far from reaching his ceiling. We’re ecstatic to have him back.”
JULY 2ND, 9:28am: It’ll be a fully guaranteed contract with no option clauses, Butler tells Marc J. Spears of Yahoo! Sports (Twitter link).
8:47am: The deal is worth $32MM over four years, tweets Baxter Holmes of The Boston Globe.
8:20am: The Celtics will re-sign restricted free agent Avery Bradley, reports Steve Bulpett of the Boston Herald (Twitter link). The terms of the deal for the Mitchell Butler client aren’t immediately clear.
The C’s had been telling other free agents that Bradley would be a part of the club going forward, according to Alex Kennedy of Basketball Insiders (Twitter link), so it appears they were confident all along that the guard would re-sign. Still, the Sixers, armed with tons of cap flexibility, made contact with the 23-year-old Bradley shortly after free agency began. Celtics president of basketball operations Danny Ainge nonetheless made reference within the past week to the former 19th overall pick as a major part of the franchise’s future, and stated his belief in the ability of Bradley, Rajon Rondo, and the newly drafted Marcus Smart to co-exist on the team.
Executives who spoke recently to Chris Mannix of SI.com believed Bradley would end up with annual salaries between $7MM and $9MM. That’s after he reportedly turned down a four-year, $24MM extension offer from the Celtics last fall. He proceeded to put up a career year, scoring 14.9 points per game and draining 39.5% of his three-point attempts, proving he’s more than just a defensive specialist. The C’s and Bradley have had a mutual interest in his return, and Bradley has spoken of his affection for playing with Rondo. Perhaps Bradley’s willingness to re-sign so quickly indicates that Rondo, a free agent next year, is likely to remain in Boston, too, though that’s just my speculation.
Heat Sign Luol Deng
TUESDAY, 4:44pm: The deal is official, the team announced via press release.
“Signing Luol Deng is one of the most important free agent signings that we have ever had in the history of the franchise,” team president Pat Riley said in the statement. “He is a proven All-Star and quintessential team player, both as a scorer, as well as an All-NBA defender. He brings the attitude of a warrior and competes every single night against the very, very best. We are thrilled to welcome him to the Heat family.”
SUNDAY, 1:36pm: The Heat are set to sign Luol Deng, tweets Shams Charania of RealGM. It’s a two-year, $20MM deal and includes a player option on year two, according to Adrian Wojnarowski of Yahoo Sports (on Twitter).
Deng will now help the Heat kick off of a brand new era that they hoped they would never have to see. Fortunately for Miami, even though LeBron James is returning to Cleveland, Chris Bosh will be sticking around on a max deal and it sounds as though Dwyane Wade and Udonis Haslem will be re-signing as well. Miami may not be world beaters this season, but they at least have some continuity and a good chance at returning to the postseason.
This morning it was reported that Pat Riley & Co. were in the lead for the small forward with the Mavericks, Suns, and Hawks also in the mix. The Ron Shade client was said to have been turning down offers that had an average annual value of $10MM, but he either couldn’t drum up a better deal or took a little less to enjoy one of the NBA’s most beautiful cities. Regardless of how it came together, it’s a good value for the Heat when considering the contracts given to Gordon Hayward and Chandler Parsons this offseason.
For his career, Deng has averaged 16.0 PPG, 6.3 RPG, and 2.5 APG over ten NBA seasons.
Photo courtesy of USA Today Sports Images.
Nets Re-Sign Alan Anderson
WEDNESDAY, 4:37pm: Anderson’s deal is official, the team announced via press release.
“Alan’s versatility was a big part of our success last season,” Nets GM Billy King said. “We look forward to Alan’s continued leadership on and off the court this season.”
TUESDAY, 6:30pm: The exact terms of the deal are two-years, $2.6MM, with a player option for 2015/16, tweets Michael Scotto of Sheridan Hoops. Those figures suggest the team is using its Non-Bird rights on Anderson, preserving its taxpayer’s mid-level exception for Bojan Bogdanovic.
5:58 pm: The Nets have reached an agreement to re-sign swingman Alan Anderson. The news was first announced by Anderson’s agent, Mark Bartlestein and his Priority Sports Agency (hat tip to Tim Bontemps of The New York Post). The deal is worth a little less than $3MM over two years, and the second year is a player option, tweets Bontemps.
Anderson started a career-high 26 games this past season and averaged 7.2 PPG, 2.2 RPG, and 1.0 APG in 22.7 minutes per contest.His slash line was .400/.339/.780.
The 31 year-old signed a two-year deal with Brooklyn as a free agent last summer, coming over from the Raptors where he appeared in 65 games and scored a career-high 10.7 PPG, but with a shooting percentage of just 38.3%. Anderson chose to opt out of the second year of his deal with the Nets with the hopes of scoring a raise over the $1.06MM he was originally scheduled to make.