Knicks Extend Qualifying Offer To Chris Copeland
The Knicks have formally extended a qualifying offer to Chris Copeland, making him a restricted free agent, according to Jared Zwerling of ESPNNewYork.com (via Twitter). The offer is for a one-year deal worth $988,872.
Copeland's is the first of many qualifying offers we're likely to see this week. As we explain in our Hoops Rumors glossary, QOs are one-year deals that a player has the option to accept. The offers, which vary in value based on a player's service time and previous contract status, also give the team the right to match offer sheets for the player in free agency.
As I noted this morning, however, because the Knicks are in the tax, they may not have the opportunity to match on Copeland if a rival suitor, such as the Pelicans or Pacers, offers a starting salary worth more than the taxpayer mid-level exception (approximately $3.18MM). The reported interest in Copeland also makes it unlikely that he'd accept the $988,872 offer from the Knicks, since he figures to receive larger bids on the open market.
Metta World Peace To Opt In For 2013/14
Metta World Peace won't exercise the early termination option on the final year of his contract, meaning he'll remain under contract with the Lakers for the 2013/14 season, reports Sam Amick of USA Today. World Peace had until today to make a decision on his $7,727,280 option for next year.
While the man formerly known as Ron Artest was extremely unlikely to receive a $7.73MM salary on the open market, the decision wasn't a total no-brainer. Had he opted out of his contract, World Peace could have negotiated a new deal with the Lakers at a lesser rate, ensuring he remained in Los Angeles. Now that he has opted in, he risks becoming an amnesty victim next month if the Lakers decide they'd rather reduce their tax bill than keep World Peace on the roster.
With World Peace now officially on the books for '13/14, the Lakers have approximately $76MM in guaranteed salary committed to next year's roster. Decisions are still due on whether to bring back Chris Duhon and Jodie Meeks, and of course, a new max contract for Dwight Howard would push team salary into the $100MM range.
Patty Mills Exercises 2013/14 Player Option
Patty Mills has picked up his player option for 2013/14, and will remain under contract for one more season, the Spurs announced today in a press release.. By exercising the option, Mills is guaranteed a salary of $1,133,950 for next year.
Mills, 24, signed a two-year contract last summer with the Spurs that started at about $1.09MM, the maximum the team could offer him using the Non-Bird exception. Since the second year of the deal was a player option, Mills could have opted out and attempted to renegotiate another new contract, but based on his modest production this past season (5.1 PPG, 1.1 APG, 11.3 MPG), he wouldn't have been able to make a particularly strong case for a raise.
As I noted earlier this afternoon in my preview of the Spurs' offseason, Mills represented one of a handful of option decisions to be resolved this week. Boris Diaw also has a player option he's likely to exercise, while the team will have to decide whether to fully guarantee Matt Bonner's 2013/14 salary.
Bucks Exercise Team Option On Gustavo Ayon
The Bucks have officially exercised their 2013/14 team option on Gustavo Ayon, Hoops Rumors has confirmed. The option is worth $1.5MM and could keep Ayon under contract for one more season before he hits free agency.
Although the Bucks have picked up the option, Ayon's contract remains non-guaranteed, as Mark Deeks details at ShamSports.com. The '13/14 season on Ayon's deal won't become fully guaranteed unless he remains on the roster beyond July 25th, according to Deeks. So this transaction essentially just postpones the team's decision on Ayon by a few weeks.
Ayon, 28, came to Milwaukee as part of the six-player deadline deal that was headlined by the Bucks' acquisition of J.J. Redick. It was the second time the Mexican big man had been moved during the 2012/13 season — he was sent to Orlando last July in exchange for the signed-and-traded Ryan Anderson.
Although Ayon has been relatively productive during his two NBA seasons, he hasn't seen a ton of playing time, averaging 16.7 minutes in 109 career contests. During those games, he has recorded 4.8 PPG, 4.3 RPG, a 15.1 PER, and a .542 FG%.
Nuggets Hire Tim Connelly
1:47pm: The Nuggets have officially announced the hiring of Connelly in a press release.
"We are extremely excited to have Tim join the Denver Nuggets organization," Kroenke said in a statement. "He comes from a great basketball background, possesses an incredibly strong work ethic and is a wonderful person. His passion and energy for the game of basketball are contagious and I am confident that he will be a great fit with us in Denver."
10:09am: The Nuggets have decided on their new head of basketball operations, agreeing to hire Tim Connelly to replace Masai Ujiri, according to Adrian Wojnarowski of Yahoo! Sports (via Twitter). Wojnarowski reports (via Twitter) that Connelly's official title in Denver will be executive VP of basketball operations.
Connelly, who had previously been working as an assistant GM for the Pelicans, was named by Wojnarowski last month as a candidate for the Denver opening. Connelly was also linked to the GM job with the Timberwolves. He'll take the reins with a franchise that has lost its GM, its top assistant GM, and its head coach in the last several weeks.
Since the Nuggets' season ended with a first-round loss to Golden State, Ujiri has been hired as the Raptors' new head of basketball operations, Pete D'Alessandro has reached an agreement to become the Kings' general manager, and George Karl was let go by Denver when the two sides couldn't agree on an extension.
One of the first tasks facing Connelly this summer will be Andre Iguodala's free agency. Iguodala decided to exercise his early termination option and hit the open market, though he and the Nuggets have mutual interest in a new deal that keeps him in Denver.
Connelly also figures to assist team president Josh Kroenke in hiring a head coach to replace Karl. Lionel Hollins is scheduled to interview with the Nuggets on Wednesday, while Benjamin Hochman of the Denver Post reports that the club will meet with Brian Shaw on Tuesday.
Monta Ellis To Exercise ETO, Become Free Agent
Monta Ellis has informed the Bucks he'll exercise the early termination option on his contract, eliminating the final year of the deal, reports ESPN.com's Chris Broussard. The move means Ellis will officially become an unrestricted free agent on July 1st.
Ellis' decision doesn't come as a surprise, since we heard two months ago he was likely to opt out. The Bucks reportedly offered Ellis an extension that would have hinged on him declining the ETO to receive an overall three-year, $36MM commitment from the team. Considering the veteran guard apparently passed on that offer, it was only a matter of time until he officially opted out to test the open market.
The 2013/14 option on Ellis' deal would have paid him $11MM. I'm skeptical that he'll see many offers that match or exceed that annual salary. However, if he can secure a long-term deal at a slightly lesser yearly rate, the decision still makes sense — especially if he prefers to play for a team besides the Bucks.
Based on multiple reports, it appears likely that the Kings will have some level of interest in Ellis, who figures to draw attention from plenty of clubs in need of backcourt help. Broussard identifies the Hawks, Mavericks, and Lakers as other probable suitors for Ellis, though the Lakers would seem to be a long shot, given their cap situation.
Ellis becomes the second player to exercise an early termination option on his contract this offseason. Andre Iguodala opted out of his deal last week, though the other players who have ETOs for 2013/14 are unlikely to exercise them.
Kings To Hire Pete D’Alessandro As GM
3:40pm: The Kings still want to add a consultant to the front office mix, USA Today's Sam Amick reports, adding that he doesn't think they'll hire "one of the usual suspects who was interviewed." In any case, D'Alessandro is expected to lead the front office, Amick says. (Twitter links).
2:33pm: TNT's David Aldridge and USA Today's Sam Amick have confirmed Wojnarowski's report (Twitter links). Ken Berger of CBSSports.com hears the Kings are still deciding whether to hire another front office executive to pair with D'Alessandro and says Wallace would be the leading candidate for that position. Wallace remains under contract as GM of the Grizzlies, but he's been pushed to the side under the new, analytics-driven leadership of owner Robert Pera and CEO Jason Levien.
2:09pm: The Kings and Pete D'Alessandro have reached an agreement on a deal that would make him Sacramento's new GM, tweets Adrian Wojnarowski of Yahoo! Sports. D'Alessandro has been serving as vice president of basketball operations for the Nuggets, and was the chief assistant to former Denver GM Masai Ujiri. The Nuggets were reportedly leaning toward D'Alessandro for their GM vacancy, but it appears they'll have to move to other candidates.
The hire is somewhat of a surprise, since D'Alessandro's name wasn't one of several that were said to be in the mix as recently as two days ago. Chris Wallace, David Morway and Scott Layden appeared to be the front-runners at that point. Perhaps one of them or another executive will join D'Alessandro in the front office, since new owner Vivek Ranadive has indicated he might want to hire a tandem of someone with experience and a relatively fresh face to lead the team's basketball ops.
One possible front office partner for D'Alessandro could be Chris Mullin, the former Warriors GM under whom D'Alessandro served from 2004 to 2008. Mullin's name came up in connection with the Kings job via multiple reports.
Marvin Williams Declines Early Termination Option
Marvin Williams has declined his early termination option and will remain under contract with the Jazz for the 2013/14 season, a source tells Chris Haynes of CSNNW.com. Declining an ETO shouldn't be confused with declining a player option — in this case, Williams has decided not to terminate his contract early, meaning he won't hit free agency this offseason.
Williams, a former second overall pick, established career-lows in MPG (23.7), PPG (7.2), and PER (10.9) in his first season with the Jazz. As such, it wouldn't have been surprising to see him opt for his $7.5MM salary in 2013/14, even if he were healthy. Considering Williams is also recovering from Achilles surgery that's expected to keep him out of action for several months, his decision comes as even less of a shock.
With Williams now officially on the books for next season, the Jazz have six players on guaranteed contracts for a total of $25.33MM. That leaves plenty of room for the team to explore ways to improve the roster, whether that means making trades, signing outside free agents, or bringing back its own free agents like Paul Millsap and/or Al Jefferson.
Brandon Rush Exercises Player Option
Brandon Rush has officially exercised his 2013/14 player option to remain with the Warriors, agent Mark Bartelstein confirms to Hoops Rumors. According to RealGM.com's transactions log, Rush made the decision official earlier this week.
Rush's 2012/13 season came to a premature end when the 27-year-old tore his ACL during the season's opening week. While a successful year in Golden State may have resulted in Rush opting out this summer, it's no surprise that he'd elect the security of another year at $4MM coming off such a serious injury.
In his last full season ('11/12), Rush posted career-highs in PPG (9.8), FG% (.501), PER (15.2), and a handful of other categories. Assuming he's healthy by the fall, Rush will give Golden State another deadly outside shooter to go along with Stephen Curry and Klay Thompson — for his career, the Kansas product has shot 41.3% from three-point range.
As I wrote when I previewed the Warriors' offseason, Rush's decision to opt in means that the team will have $69MM+ committed to 10 players for next season. That will make it tricky for the club to bring back free agents such as Jarrett Jack or Carl Landry without going well into tax territory.
Nets Hire Jason Kidd
Jason Kidd will serve as head coach of the Nets next season, according to Yahoo! NBA columnist Adrian Wojnarowski. The story was first reported by the Philadelphia Inquirer's John Mitchell and the hiring was confirmed by the Nets in a Wednesday night press release. Kidd will be introduced to the media in a Thursday press conference.
After much speculation about who would take over for interim lead man P.J. Carlesimo, culminating with a climactic five-hour interview on Wednesday with Pacers assistant coach Brian Shaw, it appears the job will go to Kidd, a future Hall of Fame point guard who spent last season playing for the Knicks.
Kidd's contract will be guaranteed for three years and might include an option on the fourth year. He's currently targeting Lawrence Frank and Tim Grgurich as his top assistants. Kidd has no coaching experience, but the Nets believe the blueprint set by Warriors head coach Mark Jackson, also a successful player who took that job with no experience and led his team to the second round of the playoffs this season, bodes well.
Kidd, a ten-time All-Star, spent six seasons with the Nets and most notably led them to the NBA Finals twice in a row after a lengthy playoff drought. While the Nets were runners-up to the Lakers and Spurs, Kidd finally won a title with the Mavericks in 2011.
It will be interesting to watch how Kidd does for a number of reasons, but the most compelling aspect will be to see how he deals with player discord, given his reputation as a coach killer. Of course, star point guard Deron Williams has been given the same tag by many observers, though he has denied having a hand in Jerry Sloan's retirement in Utah and expressed surprise and disappointment after Avery Johnson was fired in Brooklyn.
Zach Links contributed to this post.