Thunder Sign Raymond Felton To One-Year Deal
JULY 10th, 10:45pm: Felton has officially signed with the club, according to a team press release.
JULY 7th, 4:58pm: The Thunder have agreed to a one-year deal with veteran point guard Raymond Felton, Chris Haynes of ESPN tweets. The 32-year-old suited up for the Clippers in 2016/17.
The journeyman playmaker has bounced around over the course of the past decade, suiting up for seven teams since 2009/10. This year, on the heels of a 6.7 point-per-game campaign, he’ll slot in behind Russell Westbrook on Oklahoma City’s depth chart.
The Thunder had been actively seeking support for when Westbrook took breathers, unsatisfied with what rookie point guard Semaj Christon was able to provide in his first season with the club.
Felton’s track record has left much to be desired over the past few seasons but there’s hope that in the right situation he can be a serviceable reserve. In five playoff games for the Clippers in 2015/16, including four emergency starts, he averaged 15.0 points and 4.6 assists per game.
Oklahoma City has already used its taxpayer mid-level exception, so Felton figures to get a minimum salary deal.
Jose Calderon Signs With Cavaliers
JULY 10th, 8:06pm: The signing is official, according to a press release on the team’s website.
JULY 1st, 8:05pm: Veteran point guard Jose Calderon has agreed to a deal with the Cavaliers, according to a tweet from his agency, Priority Sports.
Calderon, 35, will receive a one-year contract for the league minimum, which will pay him about $2.3MM, relays Joe Vardon of Cleveland.com, although it will only count roughly $1.47MM against Cleveland’s cap. Facing potentially huge luxury tax payments, the Cavs have been searching for inexpensive help for their bench.
The addition of Calderon may be a sign that free agent Deron Williams won’t return to Cleveland after signing with the team in late February.
Calderon split last season between the Lakers and Hawks and put up career lows in scoring, assists and field goal percentage.
Kings Sign Vince Carter
JULY 10th, 6:00pm: The signing is official, according to a team press release.
JULY 6, 7:36pm: The Kings have agreed to a one-year, $8MM deal with Vince Carter, Adrian Wojnarowski of ESPN.com reports (Twitter link).
The 40-year-old swingman previously said he would like to play two more seasons in the league. Many assumed he would opt to join a contender in hopes of winning a ring. Instead, he’ll join Sacramento and become a veteran mentor for its young squad.
Carter isn’t the only veteran the Kings have added this week. George Hill and Zach Randolph both agreed to come to Sacramento. The organization has eight players on rookie contracts, as ESPN’s Bobby Marks tweets, so balancing the roster with veterans seems to be the team’s latest priority.
Carter played a key role for Memphis during the final year of a three-year contract last season. He averaged 8.0 points, 3.1 rebounds and 1.8 assists per game.
Photo Courtesy of USA Today Sports Images
Zach Randolph Signs With Kings
JULY 10th, 5:58pm: The signing is official, according to a team press release.
JULY 4th, 12:26pm: The Kings will sign Zach Randolph to a two-year, $24MM deal, tweets Adrian Wojnarowski of ESPN.com. Both seasons are fully guaranteed, according to David Aldridge of TNT (Twitter link).
Randolph, who will turn 36 later this month, spent the past eight years in Memphis. His role with the Grizzlies was diminished this season as he lost his starting job and saw his playing time reduced to about 24 minutes per night.
The Cavaliers had also been linked to Randolph and were reported to be greatly interested in adding the bruising power forward. However, Cleveland is well over the cap and couldn’t have offered nearly as much as Sacramento did.
Today’s signings of Randolph and George Hill leave the Kings with $25.3MM in cap space, posts Bobby Marks on ESPN Now. That will be cut further by the upcoming addition of Bogdan Bogdanovic, who is expected to get $27MM over three years. That doesn’t leave enough for a reported max offer to Otto Porter, so the Kings may have decided to move in a different direction.
In addition to what he provides on the court, Randolph can serve as a mentor to the Kings’ young big men, Willie Cauley-Stein, Georgios Papagiannis and Skal Labissiere. For Memphis, it’s the latest move away from their grit-and-grind tradition as veteran guard Tony Allen is also considered unlikely to return.
Sacramento will be the fifth franchise for Randolph, a 16-year veteran who started his career with the Trail Blazers and had brief stints with the Knicks and Clippers.
Bulls Sign Holiday To Two-Year Deal
JULY 10th, 5:01pm: The signing is official, according to a team press release.
JULY 2nd, 9:17pm: The Bulls have agreed to sign shooting guard Justin Holiday to a two-year, $9MM deal, Shams Charania of The Vertical tweets.
The 3-and-D specialist had been previously linked to the Timberwolves and Knicks but settled on the team that he played for in the latter half of the 2015/16 campaign.
In 82 games with New York last season, the 28-year-old posted a career high of 7.7 points per. He’ll slot in to a Bulls team that looks considerably different than the one he left in 2016.
These days, gone are organization cornerstones Tom Thibodeau and Jimmy Butler, replaced by Fred Hoiberg and – as of the 2017 NBA Draft – a roster in the midst of a rebuild.
Kings Sign George Hill
JULY 10th, 4:13pm: The Kings have officially announced the Hill signing via press release. The three-year deal, $57MM contract is guaranteed for $40MM, according to Amick (Twitter link).
JULY 4th, 3:47pm: The third year of Hill’s deal will be partially guaranteed, tweets Sam Amick of USA Today.
12:32pm: The Kings and free agent point guard George Hill have reached an agreement on a three-year, $57MM contract, reports Shams Charania of The Vertical.
Although injuries limited Hill to 49 games in 2016/17, he was excellent when he played, comfortably establishing a new career high in PPG (16.9) for the Jazz despite averaging fewer minutes per game than he had with the Pacers. The 31-year-old provided solid defense and shot over 40% from downtown for a second straight season. In Sacramento, he’ll act as a veteran mentor to the team’s new point guard, De’Aaron Fox, and his ability to play off the ball should allow both guards to share the court at times.
Hill reportedly received interest from the Lakers, Nuggets, Timberwolves, Pacers, Knicks, and Spurs, among other teams. However, many of those teams didn’t have the cap flexibility to make him the sort of offer he has now received from the Kings, and some clubs – such as the Lakers – may have not been willing to go up to three years.
Hill’s former team, the Jazz, wasn’t viewed as a serious contender for the veteran point guard after the team acquired Ricky Rubio from the Timberwolves last week. At least one report suggested that losing Hill may adversely affect Utah’s chances of retaining Gordon Hayward, but Hayward reportedly likes the idea of playing with Rubio as well, so Hill’s formal departure may not have a major impact on his decision.
Word of Sacramento’s agreement with Hill broke around the same time that it was reported the team would also sign Zach Randolph to a two-year pact worth $24MM. The Kings entered the free agent period with only about $44MM in commitments on their 2017/18 cap for their incumbent players and their three 2017 first-round picks.
However, with deals now in place for Hill, Randolph, and Bogdan Bogdanovic, the Kings appear to no longer have room for a reported max offer for Otto Porter unless they’re able to shed a contract or two. That could bode well for Porter’s return to the Wizards, perhaps at a more reasonable rate than Washington anticipated, though the Nets continue to lurk and could put a big offer sheet on the table.
The terms on Hill’s new three-year, $57MM deal are identical to the reported terms on Jeff Teague‘s agreement with the Timberwolves, so that deal likely served as a reference point during discussions between the Kings and Hill’s camp.
Photo courtesy of USA Today Sports Images.
Clippers Sign Milos Teodosic
JULY 10, 3:27pm: Teodosic has officially signed his contract with the Clippers, according to a tweet sent out by his agency.
JULY 6, 1:44pm: European point guard Milos Teodosic has reached an agreement with the Clippers, tweets Adrian Wojnarowski of ESPN.com. It will be a two-year, $12.3MM contract with a player option on the second season (Twitter link).
Several teams have been in competition for the 30-year-old, who is considered to be one of the top players outside the NBA. He was reportedly seeking a three-year deal worth $25MM to $30MM, but his new contract is substantially less, at least in the first season.
The Heat, Kings, Nuggets, Jazz, Nets, Bulls and Timberwolves were among the other teams that expressed interest. Minnesota offered its room exception, but understood that he could get more money elsewhere, tweets Darren Wolfson of 5 Eyewitness News. Brooklyn decided that Teodosic’s defensive shortcomings made him a poor candidate for big money or big minutes, according to NetsDaily (Twitter link).
A star with Serbia at the 2016 Olympics, Teodosic made his current team, CSKA Moscow, one of the best in the Euroleague. He has averaged 16.1 points per game over the past two seasons and 6.5 assists over the last three. The Russian squad was hoping to keep him, but admitted that it couldn’t compete financially with NBA teams.
Teodosic’s signing may end the Clippers’ interest in Derrick Rose, who met with the team on Wednesday. With Patrick Beverley and Lou Williams already on the roster, there doesn’t seem to be any room for Rose.
Magic Waive C.J. Watson
The Magic have waived C.J. Watson, the team confirmed today (Twitter link). Watson will become an unrestricted free agent later this week, assuming he clears waivers.
Per Basketball Insiders’ salary pages, Watson was set to earn $5MM in 2017/18, but only $1MM of that figure was guaranteed. The Magic would have been on the hook for the remaining $4MM if they’d kept the veteran point guard on their roster beyond today, but by cutting him, the team will only have to pay that $1MM — that amount could be stretched across three seasons, if the Magic so choose.
Watson, who has spent the last two seasons in Orlando, has seen his numbers drop off significantly since joining the franchise. In 95 total games with the Magic, the 33-year-old has recorded 4.5 PPG and 2.1 APG with a shooting line of .371/.301/.867. Prior to his time in Orlando, Watson was a .425/.383/.806 shooter for his career.
While Orlando didn’t announce the move until today, the writing was on the wall for Watson’s release when the team agreed to sign Shelvin Mack earlier in the free agent period.
The Magic currently have about $90.7MM in team salary on their books, which doesn’t account for cap holds and exceptions. If they’re operating as an under-the-cap team, the Magic would have about $8MM in space remaining.
Timberwolves Sign Taj Gibson
JULY 10: The Timberwolves have officially signed Gibson, the team confirmed today.
JULY 2: The Timberwolves have agreed to sign free agent power forward Taj Gibson, reports Shams Charania of The Vertical (via Twitter). According to Charania, Gibson will receive $28MM on a two-year deal from Minnesota.
The pact doesn’t include an option (player or team) for the second year, per Sam Amick of USA Today (on Twitter). News of the agreement comes on the heels of a report from Darren Wolfson of 5 Eyewitness News (Twitter link) that the Wolves’ interest in Gibson had “increased.”
[RELATED: 2017 NBA Free Agent Tracker]
By agreeing to join the Wolves, Gibson will reunite with Tom Thibodeau, who coached the forward in Chicago. He’ll also be joining former Bulls teammate Jimmy Butler, who was acquired by Minnesota in a blockbuster trade. The market for Gibson’s services was relatively quiet, with the only other team reportedly interested in him being the Kings.
Inking Gibson will wipe out most, if not all, of Minnesota’s remaining cap room. The Wolves are still armed with their Room Exception, valued at about $4.33MM, which can be used to further bolster their ever-improving roster. However, adding Gibson almost certainly eliminates the Wolves from the Paul Millsap sweepstakes, which may make the Nuggets the frontrunner to land the versatile forward.
The Timberwolves will likely have to renounce their qualifying offer for Shabazz Muhammad in order to sign Gibson, which would make the swingman an unrestricted free agent. Muhammad could – in theory – still return to Minnesota, but the Wolves would no longer have matching rights, allowing him to sign outright with another club.
Gibson, 32, split his time between the Bulls and Thunder last season. He appeared in a total of 78 contests, averaging 10.8 points, 6.2 rebounds and 0.9 assists. He shot .515/.231/.715 from the field.
Photo courtesy of USA Today Sports Images. Luke Adams contributed to this post.
Timberwolves Sign Jeff Teague
JULY 10: The Timberwolves have officially signed Teague, the team announced today.
JUNE 30: The Timberwolves and unrestricted free agent Jeff Teague have agreed to a deal, per Jon Krawczynski of The Associated Press (via Twitter). It will be a three-year, $57MM deal, per the scribe. The final year is reportedly a player option.
The addition of Teague will continue an extremely busy offseason for Minnesota, with the team having already acquired star swingman Jimmy Butler from the Bulls earlier this week. The Wolves were in desperate need of a point guard, having shipped away Ricky Rubio (Jazz) and Kris Dunn (Bulls) in separate trades.
In 82 contests last season for the Pacers, Teague averaged 15.3 points, 4.0 rebounds and 7.8 assists. His career marks are 12.6 PPG, 2.4 RPG and 5.5 APG to go along with a shooting line of .447/.355/.844.
Photo courtesy of USA Today Sports Images.