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Hornets Acquire Marco Belinelli From Kings

July 7th, 2016 at 9:43am CST by Luke Adams

JULY 7: The Hornets have formally confirmed in a press release that they’ve acquired Belinelli from the Kings in exchange for the rights to Malachi Richardson, the No. 22 overall pick in this year’s draft.

JUNE 23: The Hornets and Kings have agreed to a trade that will send the No. 22 overall pick to Sacramento in exchange for veteran shooting guard Marco Belinelli, reports Adrian Wojnarowski of The Vertical (Twitter links). The deal that will make Belinelli a Hornet can’t be processed until July, but Charlotte will be selecting a player for the Kings at No. 22 tonight.

The deal comes as a bit of a surprise, since Belinelli hasn’t exactly been at his best during the last two seasons in Sacramento. In 2015/16, he scored in double digits for the team, but shot just .386 from the field and .306 from three-point range. Both marks were the worst of his nine-year NBA career.

Still, the Hornets are apparently confident that Belinelli, a 37.9% career three-point shooter, can bounce back and give them more positive value than the No. 22 overall pick could have. The 30-year-old is under contract for two more seasons, with a salary of $6.33MM in 2016/17 and $6.606 the following year. If he comes back strong next year, that’s not a bad price for a bench scorer and outside shooter.

The Hornets only currently have $46MM in guaranteed salary on the books for next season, so they should have plenty of room to absorb Belinelli’s salary under the cap in July. The move also gives the team some insurance in case Courtney Lee signs elsewhere as a free agent.

As for the Kings, they’ll clear a little salary and are now armed with two first-round picks. We heard earlier this evening that Sacramento is exploring deals involving the No. 8 pick. Acquiring a second first-rounder could give the club a little more ammunition to attempt to move up, and would still allow the team to add a first-round rookie tonight if it decides to move that No. 8 pick for future selections.

Photo courtesy of USA Today Sports Images.

Mavericks Acquire Andrew Bogut From Warriors

July 7th, 2016 at 9:24am CST by Luke Adams

THURSDAY, 9:24am: The Mavericks have formally confirmed in a press release that they’ve acquired Bogut and a future second-round pick in exchange for a conditional future second-rounder.

MONDAY, 6:11pm: The Mavs will receive a conditional 2019 second-round draft choice along with Bogut, a league source told Tim MacMahon of ESPN.com (Twitter link).

3:37pm: The Mavs are sending a future second-round pick to Golden State as part of the deal, tweets Shams Charania of The Vertical.

1:35pm: The Warriors and Mavs are now in agreement on a trade involving Bogut, Stein reports (via Twitter).

1:29pm: The Warriors and Mavericks are in the “final stages” of negotiations on a trade that will send Andrew Bogut to Dallas, according to ESPN’s Marc Stein (Twitter links). There are still some details to be sorted out, but it looks like a deal will get done, writes Adrian Wojnarowski of The Vertical. Stein had reported earlier today that the Mavs had emerged as a strong potential suitor for Bogut, in the wake of Kevin Durant‘s agreement with Golden State.

Because the Warriors need to clear cap room, the Mavs won’t be sending back any salary in the proposed deal, and will absorb Bogut into their own cap space. The other parts of the deal aren’t known yet.

Dallas will have to send something to Golden State in the deal, but it could just be a heavily-protected future draft pick or the NBA rights to a previously-drafted player. If draft picks are involved in the swap, I’d expect the Mavs to land the better pick, since they’re essentially doing the Warriors a favor, allowing Golden State to clear the room necessary for Durant.

A former No. 1 overall pick, Bogut remains a solid presence in the middle when he’s healthy. His 5.4 PPG for the Warriors this past season represented a career-low, but he contributed 5.3 RPG and 1.6 BPG to go along with a .627 FG%. Golden State obviously didn’t lean on Bogut for offense, but the team seemed to miss his rim protection and rebounding in the NBA Finals after he went down with a knee injury.

In addition to finalizing a deal for Bogut, the Mavericks are attempting to secure an agreement with Harrison Barnes, and will look to re-sign Dirk Nowitzki, per Wojnarowski.

Meanwhile, with a probable landing spot lined up for Bogut’s $12.68MM salary, the Warriors intend to fully guarantee Shaun Livingston‘s $5.78MM salary for the coming season, tweets Marc J. Spears of The Undefeated.

Photo courtesy of USA Today Sports Images.

Pacers Acquire Thaddeus Young From Nets

July 7th, 2016 at 9:04am CST by Eddie Scarito

Isaiah J. Downing/USA TODAY Sports Images

JULY 7: The swap sending Young to the Pacers in exchange for the rights to No. 20 overall pick Caris LeVert and a future second-round pick is now official, according to a Nets press release.

JUNE 23: The Pacers have agreed to acquire Thaddeus Young from the Nets in exchange for the No. 20 overall pick in tonight’s NBA draft and a future protected second-rounder, Adrian Wojnarowski of The Vertical reports (on Twitter). The scribe had reported earlier that several Western Conference teams had been aggressively pursuing Young, who Brooklyn was looking to deal to the highest bidder in an effort to land a first round pick, which it nabbed from Indiana in the swap.

This is the second big move by Indiana in the past two days, with the team landing point guard Jeff Teague from Atlanta in a three-team trade on Wednesday. It certainly appears that team executive Larry Bird is serious about retooling his squad for new coach Nate McMillan.

For Brooklyn, flipping Young for a first-rounder clearly signals that the franchise is shifting into full-rebuild mode. Given the Nets’ lack of talent, it is a bit puzzling why they would give up on Young, who is under contract for three more seasons at a fairly reasonable rate. Young, 28, is slated to earn $12,078,652 next season, $12,921,348 in 2017/18 and $13,764,045 the final year.

In 73 appearances for Brooklyn this past season, Young averaged 15.1 points, 9.0 rebounds and 1.9 assists in 33.0 minutes per outing. His shooting line was .514/.233/.644.

Mavs Sign Harrison Barnes To Four-Year Deal

July 7th, 2016 at 7:28am CST by Luke Adams

THURSDAY: Barnes is officially a Maverick, tweeting out a photo that shows him formally signing his new contract early on Thursday morning.

MONDAY: With Harrison Barnes poised to be renounced by the Warriors and reach unrestricted free agency, he and the Mavericks have reached a verbal agreement on a four-year, $94MM contract, reports ESPN’s Marc Stein (via Twitter). The Warriors’ agreement with Kevin Durant opened the door for Dallas to secure a commitment from Barnes without having to worry about Golden State matching an offer sheet.

Barnes, 24, had been with the Warriors since the team drafted him in 2012. The former seventh overall pick turned down a reported $64MM extension offer prior to the 2015/16 season, and is now in position to make an additional $30MM over the several years because of that decision.

Barnes has been a solid rotational piece for the Warriors throughout his first four NBA seasons, shooting 37.6% on three-pointers and averaging double-digits in points for his career. However, he was inconsistent in the playoffs, no-showing in some key games down the stretch for Golden State. In the NBA Finals, Barnes shot just 35.2% from the floor, including 31.0% from three-point range, and many of those attempts were uncontested.

Still, Barnes was never really more than the fourth option on offense in Golden State — he’ll almost certainly have a larger role in the offense in Dallas, and will get a chance to show that there’s still room for improvement in his production. The UNC product will replace Chandler Parsons at small forward for the Mavericks, after Parsons reached a deal to join the Grizzlies earlier in free agency.

The Mavs had been prepared to sign Barnes to an offer sheet before word broke that the Warriors would be making him an unrestricted free agent.

Photo courtesy of USA Today Sports Images.

Tyler Johnson Signs Offer Sheet With Nets

July 7th, 2016 at 1:20am CST by Arthur Hill

Jan 25, 2016; Chicago, IL, USA; Miami Heat guard Tyler Johnson (8) passes around Chicago Bulls guard Aaron Brooks (0) during the second quarter at the United Center. Mandatory Credit: Dennis Wierzbicki-USA TODAY Sports

Dennis Wierzbicki / USA TODAY Sports Images

JULY 7TH, 1:20am: Johnson has signed the offer sheet, Wojnarowski tweets. Miami will have three days to match Brooklyn’s offer.

JULY 3RD, 11:18am: The Nets will extend a $50MM offer sheet to Miami restricted free agent guard Tyler Johnson, reports Adrian Wojnarowski of The Vertical. The four-year offer, which Johnson has agreed to sign, has a player option for the final season, tweets TNT’s David Aldridge.

Miami will have three days to decide whether to match the offer once Johnson signs it, which can happen as soon as the moratorium is lifted on Thursday. The deal is heavily backloaded, tweets Miami-based capologist Albert Nahmad, with Johnson receiving $5.628MM in the first season and $5,881,260 in the second, followed by $18,858,765 in season three and $19,631,975 in season four.

The Heat’s decision on Johnson will be heavily influenced by what happens with Kevin Durant, who is meeting with Miami officials today, and Dwyane Wade, who is reportedly talking to other teams after being unhappy with the Heat’s initial offer. If Miami matches Brooklyn’s offer, its cap hit will be equal to Johnson’s yearly salary, Nahmad tweets. If he goes to Brooklyn, the Nets will have a $12.5MM cap hit each year.

Hornets To Sign Brian Roberts

July 6th, 2016 at 2:46pm CST by Arthur Hill

Nick Turchiaro / USA TODAY Sports Images

Brian Roberts will return to the Hornets as a reserve point guard, tweets Rick Bonnell of The Charlotte Observer. The 30-year-old will receive a veteran’s minimum contract.

Roberts spent a season and a half in Charlotte before being traded twice in February. The Hornets sent him to the Heat on February 16th in a three-team deal that brought back Courtney Lee, and Miami shipped him to the Blazers in a cap-clearing move two days later.

Roberts appeared in 30 games last season with the Hornets, averaging 4.8 points and 1.3 assists in 11.1 minutes per night. His playing time was cut almost in half in Portland, and his per-game averages dropped to 2.9 points and 0.8 assists.

Timberwolves Sign Brandon Rush

July 6th, 2016 at 1:34pm CST by Luke Adams

FRIDAY, 11:11am: The Timberwolves have officially signed Rush, the team announced today (Twitter link).

WEDNESDAY, 1:34pm: As free agents around the league express interest in heading to Golden State, at least one veteran Warriors free agent is headed elsewhere. According to Alex Kennedy of Basketball Insiders (Twitter link), Brandon Rush has agreed to sign with the Timberwolves. Michael Scott of The Associated Press tweets that it’ll be a one-year, $3.5MM deal for Rush.

Rush, who turns 31 tomorrow, appeared in 75 regular-season games for the Warriors last season, the first time he had eclipsed the 70-game mark since the 2009/10 campaign. Although he stayed healthy for most of the year, Rush was only a part-time contributor for Golden State’s 73-win team — he started 25 games, but averaged less than 15 MPG overall for the season.

While Rush has never been a big-time scorer, having never posted a double-digit scoring average for a season, he’s a talented shooter. In 2015/16, he knocked down 41.4% of his three-pointers, increasing his career rate to 40.3%.

Minnesota had added a point guard (Kris Dunn) in the draft and a big man (Cole Aldrich) in free agency, but had yet to address its need for a shooter, and Rush certainly fits that bill. Before agreeing to terms with Rush, the Wolves had been linked to players like Jamal Crawford, Kent Bazemore, Courtney Lee, and Randy Foye. All of those free agents except for Foye have reached agreements with other teams.

Rush had been considered a candidate to return to the Warriors on a minimum-salary deal, but such a contract would have only paid him about $1.4MM, and he may not have had an increased role. In Minnesota, the former Kansas standout should get every opportunity to contribute, given the club’s lack of shooting depth, and will do so on a higher salary.

Photo courtesy of USA Today Sports Images.

Nets Rescind Markel Brown’s Qualifying Offer

July 6th, 2016 at 1:05pm CST by Luke Adams

The Nets have rescinded their qualifying offer for Markel Brown, allowing him to become an unrestricted free agent, reports Adrian Wojnarowski of The Vertical (via Twitter). The move comes with only about 10 hours until the July moratorium ends, meaning Brown will be free to sign a contract with any team tomorrow.

Brown, 24, has spent the last two seasons in Brooklyn, averaging 5.3 PPG, 2.1 RPG, and 1.2 APG in his 109 total contests with the club. He played sparingly during the 2015/16 season until after Lionel Hollins was dismissed as the Nets’ head coach, and saw his minutes – and his production – increase down the stretch. In his final 30 games of the season, Brown averaged 9.4 PPG, 2.8 RPG, 2.1 APG, and shot .438/.358/.758, a significant improvement on his career marks.

The Nets will still have Early Bird rights if they want to retain Brown, but won’t have the right of first refusal if he decides to sign elsewhere.

Warriors Sign Patrick McCaw

July 6th, 2016 at 11:11am CST by Luke Adams

JULY 6: The Warriors have issued a press release announcing that they’ve officially signed McCaw to his first NBA contract.

JUNE 24: Former UNLV shooting guard Patrick McCaw has become the first player from this year’s draft class to reach a contract agreement with his new team. According to Shams Charania of The Vertical (Twitter link), McCaw has agreed to terms with the Warriors on a guaranteed, two-year, minimum-salary deal.

McCaw, who left UNLV after his sophomore season, came off the board 38th overall on Thursday night, after the Warriors sent $2.4MM to the Bucks to acquire the pick. After the draft, Golden State general manager Bob Myers indicated that the team had a first-round grade on McCaw (Twitter link via Rusty Simmons of The San Francisco Chronicle).

Because McCaw will only be signing a two-year contract, the Warriors figure to use the minimum salary exception to complete the deal, which will allow the club to sign the rookie without using any cap room or a larger exception. He’ll be in line for a salary of $543,471 in 2016/17, with a second-year salary of $905,249.

The arrivals of McCaw and first-round pick Damian Jones figure to make it easier for the Warriors to let go of veteran free agents at their positions. Anderson Varejao, Brandon Rush, and Leandro Barbosa are among the Warriors bench players whose contracts are expiring.

Wizards To Sign Jason Smith

July 5th, 2016 at 6:31pm CST by Eddie Scarito

Kim Klement/USA TODAY Sports

The Wizards and unrestricted free agent Jason Smith have agreed to a deal, Shams Charania of The Vertical reports (via Twitter). It will be a three-year, $16MM pact, J. Michael of CSNMidAtlantic.com tweets. Smith has a player option for the final season, Michael adds.

The 30-year-old big man spent the 2015/16 campaign with the Magic, appearing in 76 games and averaging 7.2 points, 2.9 rebounds and 0.8 assists in 15.5 minutes per outing. Smith’s shooting line on the year was .485/.250/.806.

In Smith, Washington adds a big man capable of stretching the floor with his shooting when he’s on, though the former No. 20 overall pick (2007, Miami) only owns a career mark of .293 from beyond the arc. His most successful campaign from deep was the 2014/15 season when he nailed 35.7% of his threes for the Knicks. But Smith is certainly a solid addition as a role-player, with Smith set to compete against Andrew Nicholson and Drew Gooden for minutes off the bench next season.