Nets Waive Jarrett Jack
Apparently unable to find a suitable trade involving Jarrett Jack, the Nets have requested waivers on the veteran point guard, according to a press release from the team. Adrian Wojnarowski of The Vertical had reported earlier in the week that the Nets would cut Jack before his salary for 2016/17 became guaranteed if they weren’t able to trade him.
Jack had been owed a $6.3MM salary for the coming season, but only $500K of that figure was guaranteed. The rest would have become guaranteed if the 32-year-old had remained on Brooklyn’s roster beyond today.
The Nets will save $5.8MM with the move, and will free up a little extra cap space by stretching Jack’s partially-guaranteed salary out over the next three seasons, per Brian Lewis of The New York Post (Twitter link). Jack will now count against the team’s cap for about $167K per year for the next three seasons, rather than $500K in 2016/17.
Of course, if Jack is claimed off waivers by another team, that club will take on the full amount of the contract, wiping that leftover $500K from Brooklyn’s cap. And given what we know about free agent costs this offseason, it certainly wouldn’t be a surprise to see a team put in a claim on Jack and his relatively affordable one-year contract.
As the Nets’ depth chart at RosterResource.com shows, Jack had been the only real point guard left on the roster in Brooklyn, with Shane Larkin and Donald Sloan eligible for free agency. Needless to say, the Nets will be in the market for point guard help during the next week, as they head into July armed with more than enough room for a max free agent or two.
Latest QO Decisions: Waiters, Motiejunas, Jones
The Thunder have issued a qualifying offer to Dion Waiters, making him a restricted free agent, according to RealGM.com’s transactions log. While the move doesn’t come as a real surprise, the odds of Waiters returning to Oklahoma City appeared to take a hit when the club acquired Victor Oladipo last week, so it wasn’t a lock that Waiters would get a QO.
There’s little to no chance that Waiters will sign the one-year qualifying offer, worth about $6.778MM, since he should have no problem finding more lucrative multiyear offers on the open market. So from the Thunder’s perspective, there’s probably no harm in extending that QO. Even if OKC ultimately rescinds the offer or declines to match an offer sheet Waiters signs with another suitor, making him a restricted free agent gives the club some extra flexibility for now.
Meanwhile, the Rockets have extended a qualifying offer for one power forward, but not another, according to Jonathan Feigen of The Houston Chronicle, who reports (via Twitter) that Donatas Motiejunas got a QO, but Terrence Jones didn’t.
Houston’s decision means that Motiejunas will remain on the team’s books for now, with a qualifying offer worth $4.434MM, and the Rockets will have the right of first refusal, giving the team the ability to match any offer sheet for Motiejunas. Jones, on the other hand, will become an unrestricted free agent, free to sign anywhere he likes. Although he has struggled with consistency and has battled injuries over the past couple seasons, Jones will likely intrigue teams in the market for a power forward with some shooting range.
For a breakdown of which players eligible for restricted free agency have received qualifying offers, check out our full list of 2016 free agents.
Alonzo Gee Declines Player Option
Pelicans small forward Alonzo Gee has elected to decline his player option for 2016/17 and will become an unrestricted free agent as a result, Michael Scotto of Sheridan Hoops reports (Twitter link). Gee was set to earn $1,379,400 next season.
The swingman appeared in 73 games this past season for the Pelicans and averaged 4.5 points, 3.4 rebounds and 1.0 assist in 22.4 minutes per outing. His slash line on the campaign was .518/.283/.667.
Gee, who finished the season in street clothes courtesy of a ruptured right quadriceps muscle, enters the open market at a good time given the surge in the salary cap to approximately $94MM. It remains to be seen what teams will be interested in his services given his struggles from beyond the three-point arc. However, the 29-year-old remains a strong defender and could slot in nicely on a contending team’s bench.
Bucks To Waive Johnny O’Bryant, Damien Inglis
The Bucks have requested waivers on a pair of forwards, according to Charles F. Gardner of The Milwaukee Journal Sentinel, who reports that the team is parting ways with Johnny O’Bryant and Damien Inglis.
Both O’Bryant and Inglis were selected by Milwaukee early in the second round of the 2014 draft, but neither player developed into a major contributor for the Bucks. Of the two, O’Bryant saw the court more often, averaging 13.0 minutes per game in 66 contests last season. He averaged 3.0 PPG, 2.7 RPG, and 0.5 APG. Ingles, meanwhile, made his NBA debut in 2015/16, appearing in 20 games and playing sparingly in those contests.
Both players had been on the Bucks’ books for minimum salaries worth $980,431 in 2016/17. Those salaries were set to become guaranteed later this week if O’Bryant and Inglis had remained on the roster.
By waiving the duo, Milwaukee opens up a couple extra roster spots, and creates a small amount of cap room (less than $1MM in total). Not including this year’s draftees, Thon Maker and Malcolm Brogdon, the Bucks now have eight players under contract for next season, plus a qualifying offer out to RFA Miles Plumlee.
Fournier, Plumlee, Frazier Receive Qualifying Offers
If an NBA team intends to turn a player eligible for restricted free agency into a restricted free agent, that team must issue a qualifying offer before the new league year begins on July 1st. Clubs are gradually making those qualifying-offer decisions official, with Evan Fournier among the latest group of players to receive a QO from his team.
The Magic announced today in a press release that they’ve extended a qualifying offer to Fournier. That one-year offer figures to be worth about $4.434MM, a salary the 23-year-old will easily exceed on the open market, either on a new deal with Orlando on an offer sheet from another team. The Magic also confirmed within their press release that they’ve given Dewayne Dedmon a QO, as reported yesterday. The team won’t issue a QO to Andrew Nicholson, making him an unrestricted free agent.
Other players receiving qualifying offers from their respective teams include Miles Plumlee, who got a QO from the Bucks, per Charles F. Gardner of The Milwaukee Journal Sentinel (Twitter link), and Tim Frazier, who received a QO from the Pelicans, according to RealGM’s transactions log. Plumlee’s offer will be worth about $3.113MM, while Frazier’s will be worth a modest $1.18MM.
A restricted free agent who receives a qualifying offer is welcome to sign that QO and return to his current team on a one-year deal. However, many RFAs will sign offer sheets with another suitor or work out a multiyear agreement with their current team. The club issuing the QO has the right of first refusal, meaning that team can match any offer sheet the RFA signs.
Hollis Thompson, Mike Muscala Have Options Exercised
The 76ers have exercised their team option to bring back Hollis Thompson for another season, according to a team release. Similarly, the Hawks have picked up their own team option on Mike Muscala, per Chris Vivlamore of the Atlanta Journal-Constitution.
Thompson, 25, joined the Sixers for the 2013/14 season, and has appeared in at least 71 games in each of the last three seasons, making a total of 81 starts. Although 2015/16 was Thompson’s least efficient season when it came to shooting percentages and attempts, he did establish new career highs in PPG (9.8), RPG (3.5), and some other categories, as a result of his increased role. The three-point-shooting wing will be on Philadelphia’s books for a minimum salary of $1,015,696 for the ’16/17 campaign.
As for Muscala, his option for next season is worth the same as Thompson’s, $1,015,696. The former Bucknell big man, who will turn 25 this Friday, has appeared in 120 games during his three seasons in Atlanta, never averaging more than 12.6 minutes per game in a season. While he likely won’t be a huge part of the club’s plans going forward, he’s an inexpensive frontcourt depth piece.
Both Thompson and Muscala will now be eligible for unrestricted free agency in 2017, assuming they play out their respective contracts.
Blazers Extend QOs To Crabbe, Leonard, Harkless
The Trail Blazers have ensured that their three players eligible for restricted free agents will indeed becomes RFAs when July begins. According to Jason Quick of CSNNW.com, Portland has issued qualifying offers to Allen Crabbe, Meyers Leonard, and Maurice Harkless, giving the team the right of first refusal on all three players.
Of the trio, Crabbe appears poised to cash in with the biggest deal this summer, after a breakout 2015/16 season that saw him set new career highs in PPG (10.3), FG% (.459), and several other categories, while shooting 39.3% on 3.5 three-point attempts per game. Three-and-D wings like Crabbe – whose qualifying offer is worth $2.725MM – should do well on the open market this year, so it’s no surprise that he’s drawing interest from several teams already.
Ian Begley of ESPN.com reports (via Twitter) that the 76ers, Nets, and Kings are among the teams with interest in Crabbe. If he signs an offer sheet with one of those clubs, or another suitor, the Blazers will have the opportunity to match it and bring him back.
The same can be said about Leonard and Harkless, who each receive qualifying offers exceeding $4MM. They’ll have the option of simply signing the QO (which is essentially a one-year contract offer), working out a new contract with the Blazers, or signing an offer sheet elsewhere, which Portland could match.
Both players were solid rotation pieces for the Blazers in 2015/16, though Harkless continued to struggle to shoot from outside, while Leonard’s increased usage came with a career-worst .448 FG%. Of course, Leonard’s dip in field goal percentage was partly the result of an uptick in three-point attempts (3.7 per game), on which he shot 37.7%. His ability to make outside shots and grab boards should generate plenty of interest around the league.
LeBron James To Decline Player Option
Although LeBron James has indicated he’ll return to the Cavaliers for the 2016/17 season, he won’t do so on his current contract. Agent Rich Paul tells Chris Haynes of Cleveland.com that his client will decline his player option and sign a new deal.
James’ decision doesn’t come as a real surprise, since opting out and re-upping with the Cavs ensures that he’ll get a larger raise than he otherwise would have. LeBron’s player option for 2016/17 was worth just over $24MM. Depending on what type of deal he signs, the reigning Finals MVP figures to earn a salary closer to $30MM on a new contract.
According to Haynes, Paul says no decision has been made on what type of contract James will sign, and there’s no timetable for when that new deal will be made official. The situation is a little complicated, since Cleveland only holds Early Bird rights on LeBron. An Early Bird deal would allow for a 30% raise on his 2015/16 salary, but the contract would have to be for at least two years, with no options. A Non-Bird agreement would allow him to opt out again in 2017, but would mean accepting a more modest raise.
With the salary cap set to rise again in 2017/18, and James earning Bird Rights with the Cavaliers at that point, it makes sense for him to wait one more year to sign a longer-term contract, since Cleveland doesn’t have the cap room to accommodate a long-term, max contract at this point. No matter what type of contract LeBron signs, he intends to sign it with the Cavs — he and Kyrie Irving and the rest of his Cleveland teammates will look to defend the first title in franchise history.
“I love it here. I love being here. I love my teammates,””James said on the day of the Cavs’ championship parade through downtown Cleveland. “Obviously my agent will take care of all the logistical things but, I’m happy. I’ve got no plans to go nowhere at this point.”
Tim Duncan Exercises Option, Unsure About 2016/17
Spurs big man Tim Duncan has elected to exercise his player option for the 2016/17 campaign, Adrian Wojnarowski of The Vertical reports. But despite the veteran choosing to opt in, it doesn’t mean he has definitively decided to continue his playing career, the scribe adds. Duncan is set to earn $5,643,750 if he suits up next season.
Duncan, 40, is still seriously contemplating his desire to continue playing ball and needs time to judge how his body feels, team sources tell Wojnarowski. The Spurs are allowing Duncan to make a decision on his own timetable, despite their plans to pursue unrestricted free agent forward Kevin Durant this summer. The scribe also notes that this is the most serious Duncan has been about hanging up his sneakers and calling it a career at any point over the past few years.
The future Hall-of-Famer saw his production decline this season, averaging a career-low 8.6 points, 7.3 rebounds, 2.7 assists and 1.3 blocks in 25.2 minutes per contest over 61 appearances. He shot .488/.000/.702 from the field on the campaign.
Cavs To Pick Up Team Option On Jordan McRae
The Cavaliers will exercise their team option for 2016/17 on guard Jordan McRae, league sources tell Chris Haynes of Cleveland.com. The team’s decision, which was due later this week, will ensure McRae remains on the roster for now, but doesn’t necessarily guarantee him a roster spot for the regular season. According to Haynes, McRae’s ’16/17 salary isn’t fully guaranteed.
After initially signing McRae to a 10-day contract earlier in the year, the Cavs liked what they saw from the Tennessee product, ultimately inking him to a two-year deal. McRae didn’t see much action for the champs in the regular season or the playoffs — he briefly appeared in garbage time in two postseason games, and averaged 7.5 minutes in 15 regular-season contests.
Still, one of those in which McRae appeared was the regular-season finale, when the Cavs rested their regulars and gave their bench players an opportunity to start. McRae went off for 36 points in that game, easily a new career high.
Unlike most teams around the NBA, Cleveland doesn’t expect to have or use any room under the cap this summer. As such, turning down McRae’s option wouldn’t have freed up any cap space to sign a replacement, particularly since it’s only a minimum-salary option, worth about $875K. So it makes sense that the Cavs picked it up.
With McRae’s option set to be exercised, there are only a couple more team option decisions remaining, as our free agent list shows. NBA clubs typically don’t use team options in free agent contracts too often, since non-guaranteed salaries have a similar function, and give teams more flexibility, since they aren’t limited to a June decision deadline.