Jeremy Pargo Signs With CSKA Moscow
9:56am: Pargo's deal with CSKA Moscow is actually worth $5.2MM in total, for two years, agent Brad Ames tells Adrian Wojnarowski of Yahoo! Sports (Twitter link). For a player whose largest NBA contract was a two-year, $2MM pact, that's a pretty strong incentive to head overseas.
TUESDAY, 8:13am: CSKA Moscow has officially announced Pargo's signing, as passed along in English by Emiliano Carchia of Sportando.
FRIDAY, 2:04pm: Pargo's deal with CSKA Moscow will be a two-year pact that he intends to play out, tweets Shams Charania of RealGM.com. The wording of Charania's tweet suggests Pargo will earn $2.2MM in total, rather than annually, which would make more sense.
10:00am: After having been released by both the Cavaliers and 76ers during the 2012/13 season, Jeremy Pargo appears to be lining up a deal to play overseas. According to Emiliano Carchia and David Pick of Sportando, Pargo has agreed to terms with CSKA Moscow. Pick tweets that the deal would pay the point guard $2.2MM, which almost certainly exceeds any salary he'd land in the NBA.
Pargo, the younger brother of Jannero Pargo, appeared in a total of 39 games for the Cavs and Sixers in '12/13, averaging 6.8 PPG and 2.4 APG in 16.8 minutes per contest. His most successful stretch of the season came when he was subbing in for the injured Kyrie Irving in Cleveland, recording double-digit points in seven games — that run included a 28-point performance against the Sixers, the team he'd join a few weeks later. The 27-year-old is also no stranger to international ball, having previously played for two Israeli teams from 2009 to 2011.
Assuming the deal is finalized, Pargo will be far from the first player to make the jump from the NBA to CSKA Moscow. Past and present NBA veterans such as Andrei Kirilenko, Alexey Shved, Sonny Weems, and Nenad Krstic have played for the European powerhouse in just the last couple years.
Grizzlies Part Ways With Lionel Hollins
7:00pm: The Grizzlies have confirmed in a press release that Hollins won't receive a new contract and that the team will begin searching for a new head coach.
"After a thorough internal process, which included conversations with Lionel and his representatives, we decided as an organization to move in a different direction," said CEO Jason Levien in a statement.
5:38pm: Lionel Hollins is out as the Grizzlies' head coach, according to Ronald Tillery of the Memphis Commercial Appeal, who reports (via Twitter) that the team won't extend Hollins' contract.
With Hollins' contract set to expire at the end of June and an oft-mentioned "difference in philosophies" between the head coach and Memphis' new management, the team was expected to make a change this offseason. However, Hollins has repeatedly expressed a desire to return to the Grizzlies, and the two sides had been discussing the possibility of a new contract.
With Hollins now officially on the market, he becomes a more viable potential candidate for other teams searching for a head coach, such as the Clippers, Nets, and Nuggets. As for the Grizzlies, they reportedly have interest in former Nuggets coach George Karl, and could also promote assistant Dave Joerger to the head coaching role.
Nuggets Part Ways With George Karl
6:10pm: Karl's agent, Warren Legarie, offered his thoughts to ESPN about the Nuggets' decision:
"This was not the ideal situation, obviously George would've preferred to stay on. But I can't praise Josh Kroenke enough for the way in which he handled a really difficult situation. [Kroenke] was always straightforward and honest & very clear about what they were prepared and not prepared to do" (All Twitter links via Ramona Shelburne).
10:11am: 2012/13's NBA Coach of the Year will not return to his team's bench next season, according to Adrian Wojnarowski of Yahoo! Sports. Wojnarowski reports that the Nuggets have parted ways with George Karl, informing him this morning that he won't be retained for the final year of his contract (Twitter links).
Wojnarowski and Ramona Shelburne of ESPNLosAngeles.com had both reported within the last week that Karl's status in Denver was unsettled, since the team didn't seem inclined to pick up his 2014/15 option, which would have left him on an expiring deal next season. According to Wojnarowski (via Twitter), Karl had been pushing for a contract extension, and team ownership wasn't prepared to give him one.
The move is the latest in an incredibly busy offseason for head coaching turnover. 11 NBA teams have now parted ways with the head coach with whom they finished the season, and there could be more changes on the way, including Lionel Hollins in Memphis. Karl had been the third-longest-tenured coach in the NBA, behind only Gregg Popovich and Doc Rivers.
With Karl out of the picture and Masai Ujiri now running the Raptors, the Nuggets will be in the market for both a new coach and general manager in the coming weeks. Wojnarowski tweets that the Nuggets believe they can attract an elite coach, given their roster, and that they preferred to take that chance rather than moving forward with an unhappy Karl.
As for Karl, Chris Mannix of SI.com rightly points out (via Twitter) that his presence on the market figures to change the thinking of some teams still searching for a new head coach. Based on the fact that he had been seeking an extension with the Nuggets, it appears Karl still wants to keep coaching. We've already heard his name linked to the Clippers' search and Grantland's Zach Lowe (Twitter link) wouldn't be surprised if the Sixers called him as well. ESPN.com's Marc Stein reports (via Twitter) that the Grizzlies also intend to reach out to Karl.
Still, Rick Bonnell of the Charlotte Observer cautions (via Twitter) not to rule out the possibility of Karl sitting out the season or coaching overseas, given how much he enjoyed his previous experience in Europe. Personally, I'd think the former is more likely than the latter.
Richard Jefferson Exercises Player Option
JUNE 5TH: Jefferson has officially exercised his 2013/14 option, according to RealGM's transactions log. Although we've heard plenty of reports on players who will pick up or turn down options, Jefferson becomes just the fourth player to make his decision official so far this offseason. Aaron Gray, Linas Kleiza, and Charlie Villanueva have also exercised their respective player options.
MAY 29TH: Richard Jefferson will exercise his player option for 2013/14, opting into the final year of his contract, reports Chris Haynes of CSNNW.com. The decision, which comes as no surprise, comes about a month in advance of the June 30th deadline, with agent Todd Eley of Stratosphere Sports suggesting it may already be official.
"Richard has exercised his option to include the 2013/14 season in his current contract," according to Eley.
The option will pay Jefferson $11,046,000 next season, which is an exponentially higher annual salary than he'd find on the open market. The veteran forward is coming off the worst season of his 12-year NBA career, having averaged just 3.1 PPG, 1.5 RPG, and a 10.3 PER in 10.1 minutes per game. All of those marks were career-lows for the 32-year-old.
With Jefferson and Andris Biedrins both under contract for 2013/14, the Warriors will be paying more than $20MM to a duo that didn't play or produce much last season. Neither player is eligible to be amnestied, but both deals will be expiring, and will come off the club's books in the summer of '14.
Raptors Dismiss Ed Stefanski
The Raptors have dismissed Ed Stefanski, the team's executive vice president of basketball operations, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). Stefanski had a year remaining on his contract, and figures to be a hot commodity on the front office market, Wojnarowski tweets. The move appears to be the first major decision for GM Masai Ujiri, whom the team hired Friday.
Stefanski has served as the primary basketball decision maker for the Nets, from June 2004 to December 2007, and Sixers, from December 2007 to August 2010. He joined the Raptors in October 2011, during the lockout. HoopsWorld's Stephen Brotherston argued earlier this spring that Stefanski should receive a larger role within Toronto's front office, and while that's not going to happen, it appears he'll be in demand around the league. The Nuggets have an open GM position with Ujiri's departure, and the Kings look like they want to replace Geoff Petrie. The Grizzlies could have an opening, too, if they part ways with GM Chris Wallace.
Former Raptors GM Bryan Colangelo remains with the team in a business role, though he may retain some input on the basketball side, as he explained last month to Hoops Rumors. With Colangelo, Ujiri's former boss, still around, the new GM may have pushed for Stefanski's exit in an effort to limit the number of voices within the front office, though that's just my speculation. Ryan Wolstat of the Toronto Sun figured a front-office shakeup was coming in the wake of Ujiri's hiring.
Ujiri must decide on the fate of coach Dwane Casey, but it appears Casey will return.
Hawks Hire Mike Budenholzer
3:26pm: The Hawks have officially announced the hiring of Budenholzer in a press release.
"We are thrilled to have Mike as the next coach of the Atlanta Hawks. He has an incredible basketball acumen and has a keen awareness of the league and what it takes to be successful," Ferry said in a statement. "His experience and four championships over the last 17 years provide a tremendous foundation for his leadership of our team."
3:13pm: The Hawks have reached an agreement to hire Spurs assistant Mike Budenholzer as their new head coach, reports Chris Vivlamore of the Atlanta Journal Constitution (via Twitter). Adrian Wojnarowski of Yahoo! Sports had previously reported that the two sides were engaged in "serious talks" about the position.
With the move, Atlanta becomes the fourth team to hire a new head coach this season, along with the Cavaliers, Suns, and Bobcats. The hiring of Budenholzer also assures that Larry Drew won't return as the team's coach next season — Drew had remained under contract, though he has been exploring other options and moving forward as if he won't receive an extension.
Budenholzer has been a member of the Spurs' organization since the 1994/95 season, acting as an assistant coach since '96/97 and crossing paths with Hawks GM Danny Ferry during Ferry's two separate stints in the Spurs' front office. Budenholzer has been Gregg Popovich's top assistant in San Antonio since the 2007/08 season.
Before the Hawks reached an agreement with Budenholzer, Stan Van Gundy was among the candidates linked to the team's coaching opening, but Van Gundy eventually decided not to coach in 2013/14. A pair of coaches who spent last season with CSKA Moscow, Ettore Messina and Quin Snyder, were also rumored to be considered by Atlanta.
Clippers Part Ways With Vinny Del Negro
4:07pm: The Clippers have officially confirmed (Twitter link) that Del Negro will not be retained as the team's head coach.
1:47pm: The Clippers have parted ways with head coach Vinny Del Negro, a source tells Adrian Wojnarowski of Yahoo! Sports (Twitter links). A report last week indicated that Del Negro was scheduled to meet with Clippers owner Donald Sterling over the weekend, with a decision on the coach's future to come shortly thereafter.
Del Negro's stint with the Clippers ends after three seasons and a 128-102 overall record. Led by Chris Paul and Blake Griffin, the Clips captured their first division title in franchise history in 2012/13, but had an early exit from the postseason, falling 4-2 to the Grizzlies in the first round. With Del Negro's contract set to expire next month, a change in head coaches had been anticipated.
One report last Thursday did suggest that the Clippers hadn't ruled out retaining Del Negro, perhaps in part because he wouldn't be as expensive as the possible alternatives. But rather than being a unilateral decision by Sterling, the decision on Del Negro's future was believed to be an organizational one, with Paul and Griffin also getting some input. Del Negro's departure may bode well for CP3's future in Los Angeles, since the star point guard is likely to have a voice when it comes to deciding on the team's new head coach.
Michael Malone, Alvin Gentry, and Byron Scott have been mentioned as potential replacements for the Clippers, and recent speculation has resulted in Lionel Hollins' name coming up as well, though the Grizzlies reportedly hope to extend him. As Rick Bonnell of the Charlotte Observer tweets, the Clippers job immediately becomes the NBA's most attractive opening, particularly if Paul re-ups, so there should be no shortage of contenders for the position.
Villanueva, Kleiza, Gray Exercise 2013/14 Options
One ex-Raptor and two current Raps have opted in for the 2013/14 season, tweets Mark Deeks of ShamSports.com. According to RealGM's transactions log, Charlie Villanueva, Linas Kleiza, and Aaron Gray all picked up their '13/14 player options on May 13th.
None of the decisions come as any surprise, given the production the three players provided on the court compared to the salaries they're now in line to earn next season. Villanueva had confirmed earlier in the season that he'd exercise his option, worth $8.58MM. In 69 games with the Pistons this season, Villanueva established career-lows in PPG (6.8), FG% (.377), and PER (14.0), among other categories.
The Raptors duo won't be quite as expensive as Villanueva, as Kleiza's option is worth $4.6MM, while Gray's is worth about $2.69MM. Gray appeared in 42 games for Toronto this season, starting 16 of them, and averaged 2.8 PPG and 3.2 RPG. Kleiza played in just 20 contests for the Raps, missing time with a knee injury and then not getting back into the lineup even when he was healthy.
While all three players are now set to become unrestricted free agents in the summer of 2014, free agency could come earlier for Villanueva and Kleiza. The Pistons and Raptors both still have the amensty provision available, and Villanueva and Kleiza represent the top amnesty candidates for their respective clubs.
Sixers Hire Sam Hinkie As GM
MONDAY, 3:21: Owner Josh Harris has made it official at a press conference this afternoon, announcing Hinkie's hiring as president of basketball operations and general manager.
FRIDAY, 11:06pm: Hinkie's hiring doesn't change Thorn's situation with the team, Thorn tells Tom Moore of PhillyBurbs.com (Twitter link). The veteran executive is transitioning into the role of a consultant for the Sixers. Moore also clarifies that Hinkie will choose the team's next head coach.
3:04pm: DiLeo will not return to the Sixers in any capacity, according to John Mitchell of the Philadelphia Inquirer (via Twitter). DiLeo had been part of the Sixers' basketball operations department since the 1990/91 season.
2:53pm: According to Bob Cooney of the Philadelphia Daily News, Hinkie will also be the Sixers' new president of basketball operations, and DiLeo is "out" (Twitter links). Cooney adds that Hinkie's contract is expected to be for three or four years (Twitter link).
An official announcement from the Sixers could come as soon as next week, tweets Tom Moore of PhillyBurbs.com.
2:35pm: The 76ers have reached an agreement with Rockets assistant GM Sam Hinkie on a deal that will make Hinkie the Sixers' new general manager, according to Adrian Wojnarowski of Yahoo! Sports (via Twitter).
Tony DiLeo had previously been serving as the GM in Philadelphia, but his contract was set to expire next month, making his status going forward uncertain. DiLeo has been a longtime member of the Sixers' front office and had been working with ownership on the team's coaching search, so it's unclear whether he'll be parting ways with the club or simply transitioning into a new role. I wouldn't be surprised if he moved into the team president position previously held by Rod Thorn, but it appears as if Hinkie will be the final decision-maker in basketball operations.
Before the Sixers promoted DiLeo to GM last summer, the team conducted a search that included Hinkie. According to Jonathan Feigen of the Houston Chronicle, the two sides re-opened discussions "very recently" (Twitter link).
Timberwolves Release Brandon Roy
3:00pm: The Timberwolves have officially released Roy, according to the team (Twitter link).
2:15pm: The Timberwolves are finalizing the release of Brandon Roy, reports Adrian Wojnarowski of Yahoo! Sports. While the move isn't official yet, an announcement from the team is expected soon, according to Wojnarowski.
Roy signed a two-year deal with the T-Wolves last summer, but the second year of that deal became nonguaranteed when his knee problems resurfaced, meaning Minnesota won't be on the hook for the 28-year-old's $5.33MM salary for next season.
Roy's return to the NBA following his 2011 retirement was a disappointing one, as injuries limited him to just five games for the Wolves, in which he scored a total of 29 points. It's not clear yet if Roy will officially announce his retirement for the second time or whether he'll attempt to continue his playing career, but it's hard to imagine him playing in the NBA again.
Even if Roy does retire, he'll continue to receive pay checks from the Trail Blazers for a little longer yet. Because he was amnestied by Portland, Roy will receive the full amount of his five-year, $82MM contract, which runs through the 2014/15 season.