Cavs Trade Joe Harris To Magic
The Cavaliers have traded Joe Harris to the Magic along with a protected 2017 pick for a future protected 2020 pick, as Dave McMenamin of ESPN.com reports (Twitter link) and the Cavs and Magic officially announce. The picks going both ways are second-rounders, and the Cavs are also sending cash to Orlando, according to Chris Haynes of the Northeast Ohio Media Group and the Cleveland Plain Dealer (on Twitter). That cash comes to about $1MM, tweets Brian Windhorst of ESPN.com. The 2017 pick headed to Orlando is Sacramento’s, which Cleveland acquired in a previous trade, while the 2020 pick going to Cleveland is Portland’s, which Orlando had from a prior deal. Both picks are top-55 protected, reports Josh Robbins of the Orlando Sentinel (Twitter link).
Harris is likely out six to eight weeks after undergoing right foot surgery, Haynes reports (Twitter link), so it would appear the cash is the main asset going to the Magic, who will release Harris, according to Robbins. The $845,059 salary Harris is making was set to cost the Cavs four times as much in luxury tax payments, so even though Cleveland is sending out cash in the trade, the deal is liable to have saved owner Dan Gilbert between $3MM and $4MM.
The Cavs made Harris available in trade talk last month, as Jason Lloyd of the Akron Beacon Journal reported, hoping to land a second-rounder with greater value than one that’s top-55 protected and, most of all, save money against a gargantuan tax bill that’s poised to push Cleveland’s total outlay past the $170MM mark. The injury to Harris made the effort more difficult. The Cavs didn’t end up netting a pick without heavy protection, but they were at least able to find a taker for Harris, as Orlando used its empty roster spot to accommodate the swingman. A desire to keep Jared Cunningham past the date that his contract would become guaranteed also drove Cleveland to put Harris on the block, according to Lloyd, though the Cavs kept Cunningham past last week’s guarantee date anyway, perhaps confident they could make the trade they’ve just pulled off.
The deal gives the Cavs an open roster spot, an asset they’d aimed for with the idea of having the flexibility to add a player in the buyout market after the February 18th trade deadline, as Lloyd wrote. Harris, whom the Cavs drafted 33rd overall in 2014, wasn’t contributing much at the NBA level for Cleveland this season. He appeared in twice as many D-League games as he did NBA games.
The deal allows Cleveland to create a trade exception equivalent to Harris’ $845,059 salary. The Magic likely used the $1,599,619 trade exception they have from offloading Maurice Harkless to the Trail Blazers this past summer, posits Eric Pincus of Basketball Insiders (Twitter link). Orlando had little choice other than to use the exception, since Harris is on a three-year contract and the minimum-salary exception can only accommodate two-year deals, as I explained last month using Harris as an example. The Magic are just barely over the cap, so they could have opened cap room if they renounced the trade exception, a move that would have allowed them to absorb Harris into that cap space. Doing so would have wiped out the entire trade exception, however. Using the trade exception to absorb Harris would preserve a $754,560 sliver of it that could prove useful if the Magic want to trade for a player who’s making the rookie minimum salary on a contract that runs more than two seasons.
Which team do you think makes out better in the deal? Leave a comment to share your thoughts.
Nuggets Sign Sean Kilpatrick To 10-Day Contract
1:15pm: The signing is official, the team announced. Denver has five games in the next 10 days.
8:07am: The Nuggets plan to sign former Timberwolves and Pelicans shooting guard Sean Kilpatrick to a 10-day contract, league sources tell Shams Charania of Yahoo Sports (Twitter link). Denver has an open roster spot, since it waived Kostas Papanikolaou last week. Kilpatrick has dazzled for the D-League affiliate of the Sixers this season, and he tops the D-League player rankings that Chris Reichert of Upside & Motor compiled today.
Kilpatrick, 26, is averaging 27.1 points in 38.5 minutes per game with 45.5% 3-point shooting on 164 attempts with the D-League Delaware 87ers this season. The Wizards reportedly gave him strong consideration for a signing last month. New Orleans signed him in September, but he didn’t shoot well from the outside during the preseason, nailing just six of 25 attempts from behind the arc, and the Pelicans cut him before opening night and before any of his salary became guaranteed.
The undrafted former University of Cincinnati standout grabbed his first NBA contract last season in large measure because he was in the right place at the right time. The Timberwolves needed someone to give them the NBA minimum of eight healthy players for a March game against the Knicks in New York, and Kilpatrick was close enough to get to the game on time. He played a fairly prominent role in his brief stint with Minnesota, which signed him to a 10-day contract, averaging 5.5 points in 17.9 minutes per contest, though he made just four of 13 3-point tries.
Kilpatrick reportedly had auditions with the Lakers, Spurs and Hawks, as well as a summer league stint with the Bucks, before landing with New Orleans in the offseason. The Nuggets, right around league average in 3-pointers made, surely hope his D-League shooting numbers are more indicative of his abilities than his NBA shooting numbers are.
Zach Links of Hoops Rumors spoke with Kilpatrick as he transitioned from college to the pros in 2014.
Nets Fire Lionel Hollins, Reassign Billy King
The Nets have fired coach Lionel Hollins and reassigned GM Billy King to another job in the organization, the team announced today. Assistant Tony Brown has been named interim head coach, while the GM position will remain open for now.
“After careful consideration, I’ve concluded that it’s time for a fresh start and a new vision for the direction of the team,” Nets owner Mikhail Prokhorov said. “By making this decision now, it enables our organization to use the rest of the season to diligently evaluate candidates with proven track records. It’s clear from our current state of affairs that we need new leadership. With the right basketball management and coach in place, we are going to create a winning culture and identity and give Brooklyn a team that it can be proud of and enjoy watching. We have learned a great deal during the past six years and our experiences will guide us for the future. Following the consolidation of team ownership last month, I can assure you that I’m more determined and committed than ever to build a winner.”
Hollins spent a year and a half as Brooklyn’s coach, compiling a 48-71 record. The Nets currently have the third-worst record in the league at 10-27. King was in his sixth season as GM after being named to the position in July of 2010. There are no immediate plans to fill the GM role, posts Mike Mazzeo of ESPN. While King has been officially “reassigned,” he won’t be making basketball decisions going forward, writes Andy Vasquez of NorthJersey.com. With about six week left before the trade deadline, it’s unclear who will be responsible for those decisions, Vasquez tweets.
“I want to thank Billy for his hard work in the development of the Nets,” Prokhorov said. “At every step of the way, he has been aggressive in his quest to build a winning team and has been a key factor toward the Nets making the playoffs for each of the last three seasons. Beyond this, he has been a tremendous friend, wonderful colleague, and loyal partner and we wish him success in the future. I also want to thank Lionel for his efforts and dedication on behalf of the Nets franchise. To our fans, I thank you for your continued enthusiasm and support and please know that brighter days are ahead. I’m excited to begin the process of choosing the best GM and head coach available.”
The moves expose chaos within the Nets, tweets Adrian Wojnarowski of Yahoo Sports. He says nearly everyone in the organization learned of the actions through a news release. A team insider called the moves “face-saving,” according to a story by NetsDaily.com.
King joined the team as GM in the summer of 2010, and the team has won just a single playoff series since. His contract is set to expire at season’s end. A report, later denied, surfaced earlier this week from Europe indicating that Prokhorov wants CSKA Moscow team president Andrey Vatutin as the club’s next GM. CEO Brett Yormark is reportedly enamored with John Calipari.
The Nets hired Hollins in the summer of 2014 shortly after the departure of Jason Kidd for the Bucks. He went 48-71 with Brooklyn during the regular season over a season and a half, and the Nets fell in six games to the Hawks in the first round of the playoffs last year.
Suns Sign Lorenzo Brown To 10-Day Deal
FRIDAY, 12:22pm: The signing is official, the Suns announced (Twitter link).
THURSDAY, 1:44pm: The Suns plan to sign Lorenzo Brown to a 10-day contract, reports Shams Charania of Yahoo Sports (on Twitter). He’ll ostensibly go into one of the two roster spots the team will reportedly open today with the release of Bryce Cotton and Cory Jefferson.
Brown, 25, has made a total of 55 appearances in two NBA seasons, averaging 3.4 points, 1.8 rebounds, and 2.4 assists to go along with a slash line of .375/.155/.656. He was in training camp with the Timberwolves this year, but Minnesota waived him prior to the regular season. Brown’s deal with the Wolves included a $75K partial guarantee, giving the player some breathing room financially this season.
The point guard has been playing for the Pistons affiliate in the D-League. Brown made 16 appearances for the Drive this season and notched 16.4 points, 5.3 rebounds and 6.1 assists on 47.8% shooting.
Eddie Scarito contributed to this post.
Grizzlies Sign Elliot Williams To 10-Day Contract
FRIDAY, 10:16am: The signing is official, the team announced via press release.
THURSDAY, 12:58pm: The Grizzlies are expected to sign Elliot Williams to a 10-day contract, reports Marc J. Spears of Yahoo Sports (Twitter link). It’ll necessitate a corresponding move, since Memphis already has 15 players on its roster. Ryan Hollins joined the club just last week, while James Ennis has a partially guaranteed contract. JaMychal Green does, too, though he’s an unlikely candidate to hit waivers. All salaries for this season become fully guaranteed if not waived by 4:00pm Central today.
Memphis will become the fourth team to sign Williams to a 10-day contract in the past two seasons, since he had 10-day deals with the Jazz, Hornets and Pelicans last year, as our 10-day Tracker shows. He didn’t end up sticking for the balance of the season with any of those three teams, though he was back with Charlotte for the preseason before the Hornets again let him go. The five-year NBA veteran who was the 22nd overall pick in 2010 joined the D-League affiliate of the Warriors in early November, and he’s put up impressive numbers in 16 appearances for that club, averaging 28.1 points, 7.1 rebounds, 5.8 assists and 2.9 turnovers in 40.9 minutes per game.
The 26-year-old has also canned 36.1% of his 3-pointers in the D-League this season, a key stat for Memphis, which lacks outside shooting, but Williams is just a 31.2% shooter from behind the arc over the course of his NBA career. The Grizzlies, at a disappointing 19-18, begin a key six-game homestand Friday.
Nuggets Waive Kostas Papanikolaou
FRIDAY, 7:46am: The team still hasn’t publicly announced the move, but Papanikolaou’s release did take place Thursday before his salary would have become fully guaranteed, according to the RealGM transactions log.
THURSDAY, 11:49am: The Nuggets are releasing Kostas Papanikolaou for the second time this season, league sources tell Adrian Wojnarowski of Yahoo Sports (Twitter link). Denver will be on the hook for $350K to him pursuant to his partial guarantee, providing he clears waivers, though the team will avoid paying most of his prorated one-year veteran’s minimum salary of about $800K if it formally releases him by the close of business today, as expected. The Nuggets had him on a non-guaranteed deal over the summer after bringing him in via the Ty Lawson trade, but they waived him at the start of training camp, only to re-sign him November 5th when injuries had depleted their frontcourt.
The 6’8″ combo forward struggled in international play over the summer, averaging just 1.8 points per game for the Greek national team at the Eurobasket tournament, but he put up somewhat better numbers with Denver. He posted 2.6 points and 1.5 rebounds in 11.3 minutes per contest over 26 appearances for the Nuggets, including a string of six starts from December 22nd through 30th.
Denver has better health across its roster than it did when Papanikolaou signed, with fellow combo forward Wilson Chandler‘s season-ending hip injury and a sprained right ankle for Emmanuel Mudiay the only injuries currently listed. Offing Papanikolaou would leave Denver with 14 fully guaranteed contracts and an open roster spot. The team could circle back to hot D-League prospect Erick Green, whom the Nuggets waived to sign Papanikolaou in November, though that’s just my speculation.
Grizzlies Keep James Ennis, Cut Ryan Hollins
4:18pm: The Grizzlies announced via a press release that Hollins has been waived.
1:35pm: The Grizzlies will waive Ryan Hollins today, a source tells Marc J. Spears of Yahoo Sports (on Twitter), but they’ll hold on to James Ennis, reports Ronald Tillery of The Commercial Appeal (All Twitter links here). Memphis needs a roster spot for Elliot Williams, who’s reportedly set to sign a 10-day contract with the team, so it appears that Hollins, who just signed last week, will depart. Ennis, who had already earned more than the partial guarantee on his salary by virtue of remaining under contract as long as he has this season, will see his full $845,059 one-year veteran’s minimum take, since today is the final day for NBA teams to waive non-guaranteed salary before it becomes fully guaranteed.
The details of the contract Hollins signed December 29th remain unclear, but Bobby Marks of Yahoo’s “The Vertical” offered a hint, tweeting that he’ll see about $96K for his time on the Memphis roster. That indicates that Hollins was on a non-guaranteed deal, just like the contract the Grizzlies had him on during the preseason and the one he signed with the Wizards in late November. Memphis waived him before opening night, and Washington cut him loose last month, so his latest release from the Grizzlies represents the third time he’s hit waivers in less than three months.
Ennis came to Memphis in early November via the Mario Chalmers trade, and he’s already gone on D-League assignment six times since then. He’s logged only 27 minutes at the NBA level with the Grizzlies so far, but Memphis apparently thinks he can grow into a productive player, since the team’s interest in keeping him for next season was the reason why it chose Ennis over Hollins today, according to Chris Herrington of The Commercial Appeal (Twitter link). Ennis’ contract covers 2016/17 with a non-guaranteed salary. The combo forward was the 50th overall pick in the 2013 draft.
Suns Waive Bryce Cotton
4:13pm: The Suns have officially announced that Cotton has been waived.
7:51am: The Suns are waiving point guard Bryce Cotton, reports Shams Charania of Yahoo Sports (Twitter link). The move will formally take place in advance of the close of business today, just as with the team’s release of Cory Jefferson, writes Paul Coro of the Arizona Republic. Today is the last chance that NBA teams have to cut non-guaranteed contracts before they become guaranteed for the rest of the season. Cotton, like Jefferson, is on a one-year, minimum-salary deal that’s non-guaranteed. The Suns, who’ll be left with 13 players, are expected to fill their two openings with players on 10-day contracts, according to Coro, and Charania points out that Cotton and Jefferson are eligible to sign such deals with the Suns.
Cotton joined the Suns on November 25th, after Bledsoe had missed a game with a sore right knee and Brandon Knight was feeling less than 100% about his left ankle, on which he’d undergone surgery in April, Coro notes. Phoenix kept Cotton around even as Bledsoe and Knight became healthy, and when Bledsoe tore the meniscus in his left knee last week, an injury that knocked him out for the season, it seemed Cotton’s chances of remaining on the roster had improved, but it appears the Suns will let him go anyway. Cotton’s release is poised to leave the Suns with just two point guards, at least temporarily.
Phoenix coach Jeff Hornacek used Cotton in only three games, and he totaled four points, three assists, five steals and five turnovers in 33 combined minutes. The 23-year-old who went undrafted out of Providence in 2014 was with the Spurs D-League affiliate before signing with the Suns, so he could go back to them, seek an overseas deal or try to find another NBA job. He’ll nonetheless see a prorated portion of his Suns salary worth 44/170ths of the one-year veteran’s minimum, since he has been with Phoenix for 44 days. That’ll come to $218,721, a figure that will stick on Phoenix’s books.
Which player do you think has a better chance to end up back in the NBA, Cotton or Jefferson? Leave a comment to share your thoughts.
Suns Waive Cory Jefferson
THURSDAY, 4:10pm: The Suns have officially announced the release of Jefferson.
WEDNESDAY, 11:06pm: The Suns are waiving power forward Cory Jefferson, Shams Charania of Yahoo Sports reports (Twitter link). The move comes prior to Thursday’s leaguewide contract guarantee date, so Phoenix won’t be on the hook for the remainder of Jefferson’s $845,059 salary for the season.
Jefferson, 25, was the No. 60 overall pick in the 2014 NBA draft. He has only appeared in six contests for Phoenix on the season, averaging 2.0 points and 1.7 rebounds in 4.7 minutes per game. The 6’9″ forward appeared in 50 games for the Nets in 2014/15 when he notched averages of 3.7 points and 2.9 rebounds on 44.9% shooting. Jefferson had been waived by Brooklyn back in July so that the team could avoid his non-guaranteed salary for 2015/16 becoming partially guaranteed for $150K. He inked a training camp deal with Phoenix in August and subsequently made the regular season roster.
The Suns’ roster count will drop to 14 players as a result of waiving Jefferson, which will leave one open slot to add a player via a 10-day signing or a trade.
Sixers Waive Christian Wood
TUESDAY, 7:24pm: Upon clearing waivers, Wood is expected to join the Sixers’ D-League’s affiliate, the Delaware 87ers, a league source informed Adam Johnson of the D-League Digest (Twitter link).
MONDAY, 12:47pm: The move is official, the team announced via press release.
11:39am: The Sixers will release power forward Christian Wood to make room for Elton Brand, reports Keith Pompey of The Philadelphia Inquirer (Twitter link). Brand is poised to sign with the team today, as Shams Charania of Yahoo Sports reported about an hour ago, and the Sixers, with 15 players on the roster, have to offload one of them to make way for Brand. Wood has a four-year deal for the minimum salary, but only $50K was guaranteed. He’s earned more than that $50K by sticking on the roster as long as he has, so the Sixers won’t owe him any more money if they cut him today.
It would be no surprise to see Wood go, as he’s seen only 13 minutes of action for Philadelphia since November 20th. The Sixers have assigned him to the D-League three times since then, and the team has yet to recall him from his most recent assignment, which began December 18th. The undrafted rookie from UNLV has averaged 3.6 points in 8.1 minutes per game in 14 appearances on the NBA level. His D-League numbers were much better, naturally, as he posted 15.4 points and 9.7 rebounds in 27.0 minutes per contest, but it appears they weren’t attractive enough to keep him on an NBA roster.
Philadelphia chose to retain Wood for opening night instead of shooting guard Scottie Wilbekin, in spite of Wilbekin’s $200K partial guarantee. Wood, one of the most well-regarded prospects to be passed over on draft night this year, reportedly struck a deal with the Rockets shortly after the draft, but that never materialized into a formal signing, allowing the Sixers to swoop in. Houston has an open roster spot, though the Rockets would have to wait for Wood to clear waivers to revisit the idea of adding him.
Do you think we’ll see Wood in the NBA again soon? Leave a comment to tell us.