Pelicans Finalizing Deal With Jeff Adrien
The Pelicans are close to a one-year deal for the veteran’s minimum with free agent forward Jeff Adrien, a source told Marc J. Spears of Yahoo Sports (Twitter link). Adrien appeared in 17 games with the Timberwolves last season, averaging 3.5 points and 4.5 rebounds in 12.6 minutes. The 6’7” forward, who played in China after Minnesota waived him in January, has played for five teams in his five-year career.
The Pelicans are over the cap and hard-capped. They have $768,907 remaining on their mid-level exception after signing Dante Cunningham, Alonzo Gee and Bryce Dejean-Jones with it. They also have their $2.139MM bi-annual exception available.
The Magic, Mavs, Timberwolves, Knicks, Hornets and Sixers also showed interest in Adrien, the source told Spears.
Adrien would join a crowded group of forwards that includes Tyreke Evans, Quincy Pondexter, Luke Babbitt, Ryan Anderson and Cunningham as well as superstar Anthony Davis.
Adrien made his NBA debut with the Warriors in 2010/11. He has also played for the Rockets, Hornets and Bucks. He has averaged 4.6 points, 4.3 rebounds and 14.0 minutes in 153 career games.
Jazz Sign Jeff Withey
4:16pm: The deal is official, the Jazz announced.
2:43pm: The Jazz have agreed to sign former Pelicans center Jeff Withey, reports Adrian Wojnarowski of Yahoo! Sports. The Darren Matsubara client is getting a two-year, partially guaranteed deal that includes a team option on year two, according to Wojnarowski.
The Pelicans withdrew their qualifying offer, worth $1,147,276, to the former 39th overall pick shortly before news broke that they had struck a deal to re-sign Alexis Ajinca. The Jazz have more than $6MM in cap space, but it’s unclear just how much of that the former Kansas standout will see. He played a limited role with New Orleans, averaging 11.8 minutes per game in 2013/14, his rookie year, and just 7.0 MPG this past season.
Withey has what Wojnarowski deems a strong chance to stick around for opening night, since the Jazz have only 13 fully guaranteed contracts. Still, he’ll compete with Chris Johnson, Elijah Millsap, Bryce Cotton, Jack Cooley and Treveon Graham, all of whom are on the Jazz roster with partially or non-guaranteed salary.
Assuming the Jazz start the season with 15 players, which two players without fully guaranteed deals do you think they’ll keep? Leave a comment to tell us.
Rockets Re-Sign Jason Terry
3:44pm: The Rockets have finally followed up with an official announcement via press release.
AUGUST 24TH, 2:07pm: Terry says via Twitter that he’s officially signed (hat tip to Jonathan Feigen of the Houston Chronicle). The team has made no formal announcement, though GM Daryl Morey has acknowledged the signing with a tweet of his own.
AUGUST 19TH, 3:50pm: Terry has confirmed that he’ll be returning to Houston for the 2015/16 campaign, Mark Berman of FOX 26 tweets.
10:46pm: Along with Berman, Jonathan Feigen of the Houston Chronicle and John Reid of the Times Picayune all hear that Terry has made up his mind to sign with the Rockets for the minimum salary (three Twitter links). Watkins also adds to his earlier report (on Twitter), citing a source who says the Rockets expect Terry to officially sign Wednesday.
9:47pm: Terry will decide between the Rockets and Pelicans on Wednesday morning, Watkins tweets, contradicting Charania’s previous report that Terry has made up his mind to return to Houston next season.
AUGUST 18TH, 9:09pm: Jason Terry has decided to re-sign with the Rockets on a one-year deal, according to Shams Charania of RealGM. The Pelicans made a strong push to ink the veteran guard, as Charania notes and as Mark Berman of FOX 26 passed along in a story last week, but he instead appears poised to re-join Houston for the 2015/16 season. The Jazz were another team that the RealGM scribe reports had strong interest in Terry.
A report shortly after players became eligible to sign new contracts in July indicated that Terry was close to returning to Houston on a one-year deal, but an agreement apparently didn’t come to fruition until recently, just over a week after ESPN’s Calvin Watkins reported the Rockets were unsure if they were still in the mix to land the 37-year-old guard. The move, once official, will give Houston 13 fully guaranteed contracts for the upcoming year, presuming Terry is getting a full guarantee. The Rockets have yet to sign second-round selection Montrezl Harrell.
Charania pegs the value of Terry’s deal to be $1.5MM, although he is potentially rounding up since a minimum-salary contract for a player with 10 or more years of experience is worth slightly less than that at $1,499,187. If the deal is indeed for the minimum salary, it preserves a portion of the mid-level exception for Harrell. Terry’s minimum salary is $1,499,187, but the Rockets would only have to pay $947,276, the equivalent of the two-year veteran’s minimum, since it’s a one-year deal. It’s unclear how much partially guaranteed money Chuck Hayes has, but without him, a fully guaranteed deal for Terry would leave the Rockets about $2.5MM shy of the $88.74MM hard cap they’d trigger if they give Harrell a deal that either runs longer than two years, is worth more than the minimum, or both.
The Rockets renounced Terry’s Bird Rights earlier this month, meaning they couldn’t offer him any more than the approximately $2MM they had remaining on their mid-level exception, although they came to terms on a deal worth the minimum salary. Houston will save more than the difference between the two figures, however, since the Rockets are a taxpaying team.
Although Terry’s most formidable years are behind him, he’s capable of contributing in a limited capacity off the bench. In 77 appearances for Houston last season, Terry averaged 7.0 points and 1.9 assists in 21.3 minutes per contest. He saw an expanded role in the postseason when Patrick Beverley was sidelined with an injury, posting nightly marks of 9.2 points and 2.8 points in 28.6 minutes. With Ty Lawson and Beverley likely atop the depth chart at point guard, Terry seems positioned to play limited minutes and provide another veteran presence for a team hoping to contend for a title in 2015/16.
And-Ones: Williams, Thomas, Nunnally
Alan Williams, who starred at UC Santa Barbara and made an impact during summer league, was surprised that no NBA team was willing to give him a guaranteed contract, according to Paul Coro of The Arizona Republic. Instead, Williams signed with the Double Star Eagles in Qingdao, China, grabbing an overseas spot that usually isn’t available once NBA training camps end in October. “It gave me financial stability, which is something a lot of people don’t get in their first year,” Williams said. “It gives me an opportunity to go out there and develop my game more and play for a pretty good team. Culturally, I get to go to a whole different continent and see how they play.” Williams thought he might get more interest from NBA teams after an impressive performance with the Rockets‘ summer league squad. He averaged 20.5 points and 11.8 rebounds in four games and was named to the all-NBA Summer League second team. Williams is hoping for another shot at the NBA once his CBA season ends in February or March.
There’s more news tonight from around the basketball world:
- Tyrus Thomas, the fourth pick in the 2006 draft, still dreams of returning to the NBA, writes Alex Kennedy of Basketball Insiders. Thomas missed the entire 2013/14 season after undergoing an anterior cervical discectomy and fusion for an arachnoid cyst. He signed a 10-day contract with the Grizzlies in January, but only appeared in two games. At 29, he is training for another shot at the league and hopes to be in someone’s camp next month.
- James Nunnally has signed with Sidigas Avellino of the Italian Serie A, according to Emiliano Carchia of Sportando. Nunnally, another UC Santa Barbara product, appeared in a combined 13 games with the Hawks and Sixers during the 2013/14 season. He spent last season with teams in Spain and Israel, and played for the Pacers‘ entry in this year’s summer league.
- Several teams took risks this summer, and Lang Greene of Basketball Insiders evaluates the best and worst of them, including the Lakers‘ and Knicks‘ draft picks, the Rockets‘ deal for Ty Lawson, the Raptors giving big money to DeMarre Carroll and Cory Joseph and the Kings‘ gamble on Rajon Rondo.
Heat Sign Corey Hawkins
3:53pm: The deal is official, the Heat announced.
3:35pm: The Heat are poised to sign undrafted shooting guard Corey Hawkins, reports Ira Winderman of the Sun Sentinel (Twitter links). The 24-year-old son of former NBA player Hersey Hawkins averaged more than 20 points per game two out of his last three seasons at UC Davis and won this year’s Big West Player of the Year award, as Winderman notes. The terms of Hawkins’ deal are the same as Keith Benson‘s, who inked a non-guaranteed training camp pact with Miami earlier this month, Winderman tweets.
Hawkins will compete for one of ostensibly two open spots on the regular season roster for Miami, which is carrying 12 fully guaranteed salaries plus Hassan Whiteside‘s partially guaranteed deal, one that the Heat will almost certain keep.
The 6’3″ guard spent his freshman season at Arizona State, then transferred to UC-Davis, where he spent his remaining three collegiate campaigns. Hawkins’ career averages are 15.8 points, 4.3 rebounds, and 2.7 assists to go along with a shooting line of .468/.406/.802.
Raptors Sign Shannon Scott For Camp
AUGUST 21ST, 3:07pm: The deal is official, the team announced (Twitter link).
AUGUST 6TH, 10:54am: The Raptors and undrafted Ohio State point guard Shannon Scott have agreed to a partially guaranteed deal, a league source tells Shams Charania of RealGM (Twitter link). It’ll have to be for the minimum salary, since that’s all Toronto has left to give to outside free agents. The level of the guarantee isn’t immediately clear, but the Raptors gave camp invitees Michale Kyser and Axel Toupane matching $25K guarantees on their deals earlier this summer, according to Eric Pincus of Basketball Insiders.
Scott played for the Spurs summer league team that won the title in Las Vegas, and he also saw action for San Antonio’s squad at the Salt Lake City summer league, averaging 5.3 points and 2.4 assists in 22.6 minutes per game over nine total appearances. The 6’2″ 22-year-old was a full-time starter only in his senior season at Ohio State, averaging 8.5 PPG, 5.9 APG and 2.4 turnovers in 30.5 MPG this past season.
The Raptors are setting up a battle for their final regular season roster spot, as they’ve been carrying 14 fully guaranteed salaries plus partial guarantees for Kyser, Toupane and Ronald Roberts. Scott joins that group, one in which Roberts would seem to have a slight financial edge with a $75K partial guarantee. Point guards Kyle Lowry, Cory Joseph and Delon Wright are among those 14 Raptors with full guarantees, so Scott faces an uphill battle, notes former Nets executive Bobby Marks (Twitter link). Toronto isn’t obligated to carry more than 13 players into the regular season, so it would seem Scott, Kyser, Toupane and Roberts are all strong candidates to end up with Raptors 905, Toronto’s new one-to-one D-League affiliate. The Raptors organization can claim the D-League rights to as many as four of the players it cuts at the end of the preseason.
If the Raptors carry a 15th man on opening night, who do you think should get the nod? Leave a comment to let us know.
Celtics Sign Coty Clarke For Camp
AUGUST 21ST, 1:00pm: Clarke has signed a contract that’s worth the rookie minimum for one year and is non-guaranteed, according to Eric Pincus of Basketball Insiders (Twitter link). It contains limited injury protection, Pincus adds, indicating that it’s an Exhibit 9 contract. The Celtics have yet to make a formal announcement.
AUGUST 7TH, 11:02am: The Celtics will sign former University of Arkansas forward Coty Clarke for training camp, a source told Sportando’s Emiliano Carchia. A person with knowledge of the situation confirmed to Hoops Rumors that the 6’7″ 23-year-old will indeed be in Celtics camp. The sides are still working out details, the person said, but the one-year pro is Boston-bound.
Clarke will be a surprise addition to the Celtics preseason roster. He didn’t attend an NBA training camp last fall after going undrafted in June 2014, and he didn’t play NBA summer league ball this year or last. He spent this past season playing for Hapoel Kazrin in Israel, where he put up 19.4 points and 9.4 rebounds in 30.7 minutes per game. He averaged 9.4 PPG and 5.6 RPG in 22.3 MPG as a senior at Arkansas during the 2013/14 season.
The addition of Clarke will bring Boston to 20 players with either a signed contract or a verbal agreement. Teams can carry no more than 20 contracts in the offseason before cutting down to the 15-man regular season limit. The Celtics have 17 fully guaranteed deals, including Zoran Dragic, whom they reportedly intend to either waive or trade. Such a move would still leave the team with one more guaranteed contract than it can carry for opening night, so Clarke faces long odds to stick with the Celtics beyond the preseason. Still, Boston has the ability to retain the D-League rights to as many as four of the players it waives, so Clarke would appear to have a much stronger chance to end up with the Maine Red Claws, the D-League affiliate of the Celtics.
Pelicans Sign Bryce Dejean-Jones
AUGUST 20TH, 3:55pm: The signing is official, the Pelicans announced.
AUGUST 14TH, 3:15pm: The Pelicans have agreed to sign undrafted shooting guard Bryce Dejean-Jones to a partially guaranteed three-year contract, league sources told Shams Charania of RealGM. Dejean-Jones finished out his collegiate career with Iowa State this past season before playing last month for the Pelicans summer league team. New Orleans has been carrying only 12 players, all of whom have full guarantees, so Dejean-Jones appears to have a strong chance to make the regular season roster, depending on the other moves the team might make between now and opening night.
Dejean-Jones averaged 12.8 points in 21.6 minutes per game for the summer Pelicans, nailing 61.9% of his shots from the floor and nine of his 18 three-point attempts, Charania notes. Those were better numbers than he posted in his lone season with the Cyclones after having previously played at USC and UNLV. The 6’5″ Dejean-Jones, who turns 23 in a week, put up 10.6 PPG in 23.0 MPG with 32.9% three-point shooting as a senior at Iowa State.
Neither Jonathan Givony of DraftExpress nor Chad Ford of ESPN.com ranked Dejean-Jones within their top 100 prospects for this year’s draft. He’ll join new Pelicans coach Alvin Gentry after having spent last season under Fred Hoiberg, who’s since left the school to become coach of the Bulls. New Orleans will use some portion of the $1.294MM it has left on its mid-level exception to make the signing official, since neither the minimum-salary exception or the biannual exception would provide for a three-year deal.
Raptors Sign Jonas Valanciunas To Extension
2:51pm: Valanciunas will simply see $64MM on the deal, as there are no bonuses involved, Wojnarowski clarifies (on Twitter).
2:15pm: The deal is official, the Raptors announced (Twitter link). It’s worth $64MM over four years with a player option on the fourth year, according to Adrian Wojnarowski of Yahoo! Sports (Twitter links). Bonuses could bring the total value to $70MM, Wojnarowski also indicates.
“Jonas’ contributions continue to improve with each season and we view him as a significant part of what we are building in Toronto,” Ujiri said in the team’s press release.
12:41pm: The Raptors and Jonas Valanciunas have reached agreement on an extension, reports Josh Lewenberg of TSN.ca (Twitter link). The team and the Leon Rose client had reportedly been close to a four-year, deal worth more than $60MM earlier this week as they were deeply engaged in negotiations. Valanciunas left training with the Lithuanian national team to travel to Toronto this week and undergo a medical exam, national team coach Jonas Kazlauskas said, strongly hinting that Valanciunas intended to sign a deal.
The extension comes as no surprise after GM Masai Ujiri said this past spring that Valanciunas was “a huge part of our team” for the future. Ryan Wolstat of the Toronto Sun reported in early July that the Raptors planned to work toward extensions with both Valanciunas and Terrence Ross, though the team’s brass has seemed especially high on Valanciunas, as they seemed to blame the coaching staff for slow development in the center’s game. The Raptors and head coach Dwane Casey overhauled the team’s group of assistant coaches, bringing in Rex Kalamian, Andy Greer and Jerry Stackhouse.
A figure in excess of $60MM over four years would make Valanciunas one of the league’s most highly paid big men, far eclipsing the $12MM a year that Nikola Vucevic, a center with greater scoring production and similar defensive issues, will see on the extension he signed with the Magic this past fall. Still, Enes Kanter, another interior scorer who’s proven a liability on defense, came away with a max deal of about $70MM this summer as the economics of the NBA change in advance of the projected leaps in the salary cap. An extension for Valanciunas would take effect starting with the 2016/17 season, the first covered under the league’s $24 billion TV deal.
Sportsnet’s Michael Grange speculated that even $60MM over four years would be low, pegging a $64-66MM arrangement as fair value for the team (Twitter links). Grange compared Valanciunas, the fifth overall pick in the 2011 draft, to Tristan Thompson, the No. 4 pick that year who’s apparently been negotiating north of $80MM over five years with the Cavs. Valanciunas, unlike Thompson, isn’t a restricted free agent this summer because he remained overseas for a year after having been drafted.
I’d gone in the other direction, predicting that Valanciunas would end up with $13-14MM a year when I looked at his extension candidacy earlier this month. The timing of the deal is perhaps the most surprising element, since the sides had until November 2nd to sign an extension, and most extensions for less than the maximum salary don’t come until mere days or even hours before that deadline.
The Raptors have been carrying about $45.5MM on the books for 2016/17, a figure that presumes the team will pick up the rookie scale team options on Lucas Nogueira and Bruno Caboclo. That doesn’t include any money for DeMar DeRozan, who has a $10.05MM player option that early indications show he’s likely to decline. Presuming that new deals for Valanciunas and DeRozan would add up to around $30MM, Toronto would have less than $14MM against a projected $89MM cap to use on Ross or on outside free agents.
Do you think Valanciunas is worth more than $15MM a year in this market? Leave a comment to tell us.
Timberwolves Sign Tayshaun Prince
AUGUST 20TH, 10:59am: The deal is official, the team announced (Twitter link).
“We’re excited to add a veteran like Tayshaun,” Timberwolves coach/executive Flip Saunders said in the team’s statement. “Having coached Tayshaun for three seasons in Detroit, I know that his experience and defensive mindset will benefit our younger players. He also has shown that he can shoot from long distance, which will help our ability to stretch the floor.”
AUGUST 13TH, 12:54pm: The Timberwolves have reached agreement on a one-year deal with Tayshaun Prince for the minimum salary, a source told Marc J. Spears of Yahoo! Sports (Twitter link). The move is somewhat surprising, since Minnesota already has 15 fully guaranteed deals. He’ll join Kevin Garnett and the newly signed Andre Miller among the long-tenured veterans supplementing a youthful Wolves core. Prince is “super close” with longtime Pistons trainer Arnie Kander, who also recently joined Minnesota, notes Darren Wolfson of 1500 ESPN Twin Cities (Twitter link).
Prince finished up this past season in Detroit as a coda to the 10 and a half seasons he spent there at the start of his career. His production bounced back to a degree this past season after a dropoff in 2013/14. The Cavs and Spurs reportedly reached out to the Bill Duffy client at the start of free agency last month, and the Blazers apparently had more recent interest before the Wolves snagged him. Prince spent 2014/15 on the move, as the Grizzlies traded him to the Celtics in the Jeff Green deal and Boston later flipped him to the Pistons at the deadline.
[RELATED: Flip Saunders To Stay In Wolves Job Despite Cancer]
Since it’s only for one year, the deal with Prince will cost the Wolves just $947,276 while the league picks up the tab for the rest of his $1,499,187 salary. It’s not much of a financial burden for Minnesota, which had been carrying about $72.7MM in guaranteed salary, well shy of the $84.74MM tax threshold, but it puts pressure on the team to make a trade before opening night to get down to no more than 15 fully guaranteed deals. Prince’s arrival also seemingly makes it tougher for Lorenzo Brown to stick past the preseason. His salary is partially guaranteed for only $75K.
Prince had hoped to sign with a contender, but the Wolves, who finished with the league’s worst record this past season, don’t fit that bill, notes Keith Langlois of Pistons.com (Twitter link). The small forward signed his last contract while he was still in his prime, so this pact will represent a significant decline in pay from the more than $7.7MM he made in 2014/15. Our Dana Gauruder correctly predicted in Prince’s Free Agent Stock Watch this week that he would end up with a one-year deal, even though the 35-year-old said this spring that he felt he could play for another two or three years.
Do you think Prince is the right fit for the Timberwolves? Leave a comment to let us know.