Lakers Sign Julius Randle
3:47pm: The signing is official, the team announced.
3:09pm: The Lakers have signed top pick Julius Randle, according to Bill Oram of the Orange Country Register (on Twitter). He’ll likely receive more than $2.997MM this season, as our chart of salaries for 2014 first-round picks shows.
The Lakers got a bit of good news earlier this month when they learned that Randle won’t require surgery on his right foot. The big man, who was once in consideration for the No. 1 pick, could prove to be a tremendous value for the Lakers, who selected him at No. 7.
In his one year at Kentucky, Randle averaged 15.0 PPG and 10.4 RPG with 0.8 blocks per contest in 30.8 minutes a game.
Lakers Acquire Jeremy Lin
SUNDAY, 12:22pm: The trade is now official the Lakers have announced via their website. Los Angeles will receive Lin, plus Houston’s first-round pick in 2015, and the 2015 second-round pick that the Rockets had acquired from the Clippers. The Rockets in turn receive the rights to Sergei Lishchuk.
FRIDAY, 1:59pm: The Rockets and Lakers have reached agreement on a deal that sends Jeremy Lin to the Lakers, reports Jeff Goodman of ESPN.com (Twitter link). Adrian Wojnarowski of Yahoo! Sports reported earlier that the teams were finalizing such a deal, while Marc Stein of ESPN.com broke the story about the talks. A future first-round pick is also headed to the Lakers, Goodman confirms, while Wojnarowski’s previous reporting indicated other draft considerations will go from Houston to the Lakers, too. The Lakers will send out cash and the rights to a draft-and-stash prospect who’s playing overseas, Wojnarowski also reported, but no salary will go Houston’s way, helping clear room for Chris Bosh, who’s nearing a commitment to the Rockets.
The first-rounder headed to the Lakers is Houston’s 2015 pick, tweets Mike Bresnahan of the Los Angeles Times. It’ll include protections, and the Rockets will also send a second-rounder the Lakers’ way, according to Jonathan Feigen of the Houston Chronicle (Twitter link).
The deal indicates that the Lakers are ready to move forward and focus on next summer’s free agent group, since they’re committing nearly $8.4MM of their cap space to Lin. They missed out on LeBron James, and while Carmelo Anthony reportedly hasn’t told the Lakers they’re out of the running for him, another report indicates that ‘Melo has narrowed his choice to the Knicks and Bulls.
Clippers Sign C.J. Wilcox
9:21pm: The Clippers officially announced the signing in a team release (H/T Brad Turner of the Los Angeles Times).
12:07am: The Clippers have signed No. 28 overall pick C.J. Wilcox to his rookie scale contract, tweets Dan Woike of the Orange County Register. He’ll receive more than $1.1MM next season if he signs for the standard 120% of the scale amount, as our table of salaries for 2014 first-round picks shows, though 120% of scale isn’t a given for players picked near the end of the first round.
The 6’5″ shooting guard was No. 35 in Chad Ford’s ESPN.com rankings and No. 38 with Jonathan Givony of DraftExpress, so it was a mild surprise to see him sneak into the first round. He improved steadily in four seasons at the University of Washington, averaging 18.3 points with 39.1% three-point shooting in 34.9 minutes per game as a senior this year.
Wilcox is set to compete for minutes with Reggie Bullock, who was last year’s first-round pick for the Clippers, in a crowded situation on the wing, where the team also has J.J. Redick, Jamal Crawford, Matt Barnes and Jared Dudley all under contract for 2014/15.
LeBron James Signs With Cavs
8:07pm: The Cavaliers have made the signing official in a team release. “We could not be happier to welcome LeBron James home,” Cleveland GM David Griffin said in the accompanying statement. “Yesterday, LeBron, through his essay, told us he wasn’t going anywhere except Cleveland and that ‘Cleveland is where he always believed he would finish his career.’ These words and commitment put all of us, including LeBron, in the best position to build our franchise the right way and achieve the kind of goals we all know are possible. Expectations will be at the highest levels but no one should expect immediate and automatic success.”
SATURDAY, 5:12pm: James’ contract with the Cavs has been finalized, sources tell Brian Windhorst of ESPN.com. It’s a two-year, $42.1MM deal with a player option for the second season. While the deal doesn’t lock James in for the long term run he vowed to fulfill in his announcement, it is designed with an eye toward expected jumps in league revenue and increased earning potential for the game’s best player. Renewed TV deals and an opportunity for the player’s union to renegotiate the CBA in the coming years could lead to significantly higher max contract values. James, who had never been the highest paid player on his own team before signing this time with Cleveland, will look to cash in if those opportunities materialize.
FRIDAY, 11:20am: LeBron James has made his decision, and he’ll sign with the Cavaliers, as he tells Sports Illustrated’s Lee Jenkins.
“Before anyone ever cared where I would play basketball, I was a kid from Northeast Ohio,” the Akron native writes in the first paragraph of his as-told-to cover story in Sports Illustrated. “It’s where I walked. It’s where I ran. It’s where I cried. It’s where I bled. It holds a special place in my heart. People there have seen me grow up. I sometimes feel like I’m their son. Their passion can be overwhelming. But it drives me. I want to give them hope when I can. I want to inspire them when I can. My relationship with Northeast Ohio is bigger than basketball. I didn’t realize that four years ago. I do now.”
James said his primary reason for leaving the Heat after four years, four NBA Finals appearances, and two championships isn’t because he didn’t have faith that the front office could put the right team together, but that he wants to bring a title to Cleveland. He always believed he’d return to finish his career in Cleveland, but he just didn’t know when he would come back, he writes. The reaction of owner Dan Gilbert and fans in Cleveland to his 2010 departure for Miami weighed on him, but he said he’s talked the matter out with Gilbert “face-to-face, man-to-man.”
Presumably, it’ll be a max contract worth $20.6444MM in the first season for the four-time MVP, who won his first two such trophies with the Cavs, for whom he played from 2003-10. The Cavs aggressively sought the cap flexibility necessary to create max room, completing a three-team trade with the Nets and Celtics on Thursday that gave them the ability to open cap space for James.
Agent Rich Paul took meetings with the Cavs, Mavs, Suns and Lakers last week while the Heat were the only team with whom James met personally. Paul, who was also in that Heat meeting, was reportedly determined to get his client to return to Cleveland. Heat owner Micky Arison took to Twitter to express that he’s “shocked and disappointed” by the news but thanked James for the memories and wrote that he’d never forget what James brought to the Heat the past four seasons. It’s a far cry from Gilbert’s sharply worded response in 2010, which reportedly had been on James’ mind in the hours leading up to this year’s choice.
The move opens the gates to a number of other decisions around the league, with the free agency of Carmelo Anthony and Chris Bosh, the fate of trade candidate Kevin Love, and a slew of other important matters still unresolved. The Cavs have reportedly been set to pursue Love contingent on their acquisition of James, though they appear unwilling to give up No. 1 overall pick Andrew Wiggins to facilitate such a deal.
Kings Sign Darren Collison
JULY 12TH, 7:21pm: The Kings have made the signing official in a team release.
1:26pm: The deal is worth $15MM, rather than $16MM, as Eric Pincus of the Los Angeles Times hears (Twitter link). Marc J. Spears of Yahoo! Sports also has it as $15MM. That would make it for slightly less than the value of the $5.305MM mid-level exception.
11:17am: Sacramento intends to waive a player and use the stretch provision to accommodate Collison’s deal, tweets Ken Berger of CBSSports.com. The Kings wouldn’t have to do that to fit underneath the tax line as it stands, so perhaps Sacramento is thinking about adding salary via trade or saving room to re-sign Thomas to a significant deal, though that’s just my speculation (Twitter link). In any case, Collison agreed to the deal under the impression that he will start, according to USA Today’s Sam Amick (on Twitter).
JULY 3RD, 10:45am: The Kings will sign Darren Collison to a three-year, $16MM deal, reports Broderick Turner of the Los Angeles Times (Twitter link). It’s a fully guaranteed deal, Turner adds (on Twitter). Jorge Sierra of HoopsHype first reported that the sides were engaging in talks (Twitter link).
“The Kings were the most aggressive team by far in the free agency, and I respected that on all levels,” Collison said, according to Turner (Twitter link).
Sacramento made its desire to add a pass-first point guard clear, even as it seeks to re-sign restricted free agent Isaiah Thomas. Collison rehabilitated his career during his one-year stint with the Clippers, proving an effective backup to Chris Paul and a capable replacement for the superstar when he went down with injury.
It was difficult for the BDA Sports Management client to leave the Clippers, Turner tweets, and Doc Rivers said he would make re-signing Collison his top offseason priority. Collison told Turner that he didn’t feel that was the case, however (Twitter links).
Collison was reportedly leaning toward returning when he opted out of his deal late last month. Still, the capped-out Clippers were in a tough spot, since they had only the Non-Bird exception to give Collison a 20% raise on his $1.9MM salary without dipping into the mid-level exception.
Instead it’s the Kings using their mid-level to convince Collison to move north. The amount for which Collison signed is what the Kings had wanted to pay Thomas, tweets Jason Jones of The Sacramento Bee, and while the Collison agreement doesn’t necessarily forestall the return of Thomas, it casts further doubt on the future of Thomas in Sacramento.
Raptors Re-Sign Patrick Patterson
JULY 12TH: The signing is official, per a team release.
JULY 4TH: The Raptors and Patrick Patterson have reached agreement on a three-year, $18MM deal, reports Jeff Goodman of ESPN.com (Twitter link). Toronto will use Bird Rights to retain the restricted free agent, keeping him away from other suitors before he could sign an offer sheet.
The Suns and Magic were reportedly in pursuit of the power forward. The Raptors apparently feared that some of the above-market deals around the league early in free agency would price them out of the ability to re-sign Patterson and fellow restricted free agent Greivis Vasquez.
The Patterson deal takes care of one part of that equation for the team, but with the club’s trade for Lou Williams shortly before the July moratorium, it’ll be a tight squeeze beneath the projected luxury tax line to sign Vasquez with the hope of adding anyone else. Still, the club appeared to place a priority on Patterson once it secured Kyle Lowry, as worries about the ability of Amir Johnson to stay healthy apparently fueled their desire for a strong backup power forward.
A $6MM average annual value is somewhat high for a bench player, but the capped-out Raptors wouldn’t have had the cap flexibility to shell out quite as much to anyone else had the Sam Goldfeder client ended up elsewhere. Patterson played a critical role in the rotation after coming over from Sacramento in the Rudy Gay trade, averaging 9.1 points and 5.1 rebounds in 23.3 minutes per game with a 16.2 PER for Toronto.
Rockets To Sign Trevor Ariza
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
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
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
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.