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Heat Decline Michael Beasley’s Team Option

June 30th, 2015 at 1:22pm CST by ChrisCrouse

TUESDAY, 1:22pm: The move indeed took place, according to Eric Pincus of Basketball Insiders (Twitter link).

SUNDAY, 12:16pm: The Heat have informed Michael Beasley that they will not pick up his option for the 2015/16 season, according to Barry Jackson of the Miami Herald (Twitter link). Beasley would have made slightly less than $1.3MM had the team opted to pick up his option.

Miami indicated the the decision to draft Justise Winslow was a major factor in the decision to part ways with Beasley, Jackson adds in a full-length article. There was no discussion of Beasley returning to the Heat down the road, according to Jared Karnes, who represents Beasley and spoke to Jackson.

Starting small forward Luol Deng has a player option worth more than $10.15MM for the upcoming season and the team hopes he sticks around for at least one more season. Assuming Deng is on the roster next season, along with Chris Bosh, Josh McRoberts and Winslow, the team shouldn’t have a major need at either forward position. Beasley played minutes at both the three and the four spot while averaging 8.8 points, 3.7 rebounds per game while shooting 43.4% from the field during his third stint in Miami.

LeBron James Opts Out

June 30th, 2015 at 1:17pm CST by Arthur Hill

TUESDAY, 1:17pm: James has officially opted out, reports Eric Pincus of Basketball Insiders (on Twitter).

SUNDAY, 2:53pm: LeBron James will opt out of his contract with the Cavaliers and become a free agent for the second straight summer, tweets Brian Windhorst of ESPN.com. Sources tell Chris Broussard of ESPN.com that James will not visit other teams and will re-sign with Cleveland later this summer (Twitter link). A report earlier this week said James will take his time and see what moves Cleveland makes before becoming “the last domino to fall.”

James, who turned down more than $21.5MM for next year, is expected to sign another one-year contract with a player option and then command a longer deal once the cap rises with the new TV contract in 2016, tweets Alex Kennedy of Basketball Insiders. Kennedy reassures Cavs fans that they shouldn’t worry, saying James’ plan from the start has been to maximize his earnings potential and power within the franchise (Twitter link). A source close to James said, “I expect him to sign back,” according to Joe Vardon of the Northeast Ohio Media Group. The deadline for James to agree to the option on his current contract was Monday, and the earliest he can sign a new deal is July 9th.

Cleveland GM David Griffin said recently that the team had been in contact with James about roster decisions since the NBA Finals ended, Windhorst writes. However, he cited sources who said James will remove himself from the free agency process while the Cavaliers make decisions on Kevin Love, Tristan Thompson, Iman Shumpert and others. James’ new deal will be worth around $22MM, but the exact amount won’t be determined until the July moratorium ends.

The potential value of a long-term contract should escalate dramatically in 2016, tweets Tommy Beer of Basketball Insiders. If James had accepted a full max deal when he left Miami for Cleveland last summer, it would have been four years at about $89MM. By waiting until next summer, those figures will be five years and $170MM (Twitter link), although the amount is just an estimate.

David West Opts Out From Pacers

June 30th, 2015 at 1:12pm CST by Chuck Myron

JUNE 30TH, 1:12pm: The Pacers didn’t receive paperwork indicating that West would opt in by Monday night’s deadline for him to do so, so he has officially opted out, the team confirms, as Scott Agness of Vigilant Sports reports (Twitter link).

JUNE 24TH, 2:07pm: David West has decided to turn down his $12.6MM player option, reports Candace Buckner of the Indianapolis Star (Twitter link). President of basketball operations Larry Bird wouldn’t confirm the report, telling Buckner that he hasn’t spoken with West or agent Jeff Austin (Twitter link). His choice gives the team the chance to open the cap space necessary for a legitimate run at Monta Ellis, in whom the Pacers reportedly have interest.

Mystery had surrounded West’s intentions with the option, just as it does with Roy Hibbert, who possesses a player option worth more than $15.514MM, though Pacers coach Frank Vogel said this spring that he had a gut feeling that West would opt in. That proved incorrect, and now West, who turns 35 in August, is free to seek out a new team or see if he can pry more salary, a longer deal, or both from Indiana.

The Raptors reportedly pursued West via trade at the deadline, and Toronto still appears to have a need at power forward. Indiana appeared reluctant to part with him as it chased a playoff berth last season. Bird has made it clear he wants to change the team’s style of play to a more up-tempo attack, and while he seemed to push Hibbert to opt out, it would be tough for the Pacers to implement a small-ball style if Hibbert opts in and West re-signs.

Pero Antic Signs In Turkey

June 30th, 2015 at 11:48am CST by Chuck Myron

11:48am: The signing is official, the team announced (hat tip to Chris Vivlamore of the Atlanta Journal-Constitution).

TUESDAY, 9:00am: Antic is indeed signing with Fenerbahce on a two-year contract that includes an option for a third season, agent Misko Raznatovic tweets (hat tip to Carchia). It’s unclear whether that’s a player or a team option.

MONDAY, 4:09pm: Hawks big man Pero Antic will sign with Fenerbahce of Turkey, as Nikos Varlas of Eurohoops.net reports and Sportando’s Emiliano Carchia confirms (Twitter link). Carchia last week reported the team’s interest in luring the Macedonian away from the NBA. The news is a blow of sorts for Atlanta, which reportedly had interest in re-signing him.

Antic, who turns 33 next month, had reportedly let the Hawks know he wanted to return, too, but circumstances appear to have changed. The Hawks are in a salary crunch as they seek to retain Paul Millsap and DeMarre Carroll, so seemingly the possibility existed that Atlanta would decide against tendering the $1.563MM qualifying offer necessary to make Antic a restricted free agent. The right to match offers only extends to NBA teams, so Atlanta will be powerless to keep Antic from officially signing overseas come Wednesday.

Raptors Acquire Luke Ridnour

June 30th, 2015 at 10:45am CST by Chuck Myron

10:45am: The Raptors say (on Twitter) they’ve also acquired cash in the transaction.

10:15am: The deal is official, the Thunder announced via press release.

9:47am: The Raptors and Thunder have agreed to a trade that sends Luke Ridnour to Toronto, reports Darnell Mayberry of The Oklahoman (Twitter links). The rights to draft-and-stash prospect Tomislav Zubcic go to Oklahoma City, Mayberry adds. The Thunder will also get to create a trade exception worth $2.75MM that they can use to acquire a player who makes up to $100K more than that amount, as Mayberry notes. Ridnour’s salary is non-guaranteed if he’s waived before the end of July 10th, and it appears as though the Raptors intend to release him unless they, too, can find a taker for him, according to Doug Smith of the Toronto Star (on Twitter).

It’ll be the fourth time in a week that Ridnour will be involved in a trade, once the deal becomes official. The Magic sent him to the Grizzlies, who shipped him to the Hornets, who conveyed him to the Thunder.

Zubic, whom the Raptors drafted 56th overall in 2012, is a 6’10” center who averaged 7.6 points and 3.9 rebounds in 18.4 minutes per game for Croatia’s KK Cedevita.

Biyombo To Become Unrestricted Free Agent

June 29th, 2015 at 4:43pm CST by Chuck Myron

The Hornets won’t make a qualifying offer to Bismack Biyombo, so the former seventh overall pick will become an unrestricted free agent Wednesday, reports Marc J. Spears of Yahoo! Sports (Twitter link). The value of the offer declined from $5,194,227 to $4,045,894 when he failed to meet the starter criteria this season, but even that apparently wasn’t enough of an enticement for Charlotte to retain its right to match competing bids for him.

Biyombo’s qualifying offer was a borderline case, and with Noah Vonleh off to Portland in the Nicolas Batum trade, there seemed a greater chance the Hornets would do what they could to keep him around. Charlotte and Biyombo can still sign a new deal, and the Hornets retain his Bird rights, so they can exceed the cap to re-sign him if they wish.

Nets Waive Darius Morris

June 29th, 2015 at 4:06pm CST by Chuck Myron

The Nets have waived Darius Morris, the team announced. His minimum salary for next season was to become partially guaranteed for $25K if he had remained under contract through Wednesday. That remains a possibility if he is claimed off waivers in the next two days.

Morris signed with Brooklyn in December, not long after the Blazers let him go at the end of training camp. The Nets gave him a two-year deal for the minimum that was initially non-guaranteed for last season. The former University of Michigan point guard made it past the January date when last season’s salary became guaranteed, but he didn’t stay with Brooklyn long enough to trigger any more guaranteed money.

Thunder Expected To Re-Sign Kyle Singler

June 29th, 2015 at 4:02pm CST by Chuck Myron

The Thunder are expected to re-sign Kyle Singler, reports Marc J. Spears of Yahoo! Sports (on Twitter). Oklahoma City has made a qualifying offer worth slightly more than $2.725MM to retain the right to match competing bids for the soon-to-be restricted free agent, as Eric Pincus of Basketball Insiders reported (Twitter link). Spears suggests the deal will be as long as three years, though the sides can’t discuss contract terms or length prior to Wednesday.

The sides have reportedly held mutual interest, and Singler, a client of Greg Lawrence and outgoing Wasserman agent Arn Tellem, quickly took a liking to new coach Billy Donovan. Singler played under former coach Scott Brooks for the final two months of the season after the midseason trade that brought him in from the Pistons.

Paul Pierce Opts Out From Wizards

June 29th, 2015 at 3:29pm CST by Eddie Scarito

JUNE 29TH, 3:29pm: Pierce has officially opted out, according to Eric Pincus of Basketball Insiders (on Twitter).

JUNE 27TH, 2:43pm: Pierce has confirmed his decision via The Players’ Tribune (Twitter link).

JUNE 20TH, 5:07pm: Wizards forward Paul Pierce plans to opt out of his deal with the team for the 2015/16 campaign, Marc Stein of ESPN.com reports, though he intends to continue to play in the NBA next season, a source told Jorge Castillo of The Washington Post. The veteran has a player option worth $5,543,725 that he’s poised to bypass, and doing so would make him an unrestricted free agent come July 1st. Pierce was non-committal regarding whether or not he would return for an 18th season in the wake of Washington’s elimination from the NBA playoffs.

“I haven’t really thought about it,” Pierce said at the time. “I don’t even know if I am going to play basketball anymore. These seasons get harder and harder every year, every day. Summers get even harder when you start getting back in shape. I’m 37 years old. I’m top two or three oldest in the league.” Pierce had indicated that he would take some time and discuss the matter with his family before making his call on next season. “I have been playing this game [for] like 32 years. Since I was a little kid. Probably going to be the hardest thing to do is put the game down. But I know that time is coming one day. I am not sure if it is this year or next year. I will sit down with my family and figure things out,” Pierce said.

The question now is which team Pierce will suit up for in 2015/16, with Castillo writing that he’ll either re-sign with the Wizards or join his former coach Doc Rivers in Los Angeles with the Clippers. The Clippers can offer Pierce the taxpayer mid-level exception worth slightly less than $3.4MM, while Washington could offer Pierce a new deal starting in excess of $6MM once he opts out, Stein notes. The interest is mutual between the Clippers and Pierce, a league source told Robert Morales of the Long Beach Press-Telegram earlier this month.

The link between the Clippers and Pierce dates back to last year, as Pierce informed TNT’s David Aldridge this past fall that he saw the Clippers as his favored alternative to re-signing with the Nets before sign-and-trade talks between the Clips and Brooklyn broke down. Pierce has also said that he feels a connection with the younger players on the Wizards and with the city of Washington.

Pierce appeared in 73 contests for the Wizards this past season, averaging 11.9 points, 4.0 rebounds, and 2.0 assists in 26.2 minutes per night. His career numbers through 1,250 games are 20.7 PPG, 5.8 RPG, and 3.74 APG. The 37-year-old’s shooting numbers are .447/.371/.806.

Roy Hibbert Opts In With Pacers

June 29th, 2015 at 3:06pm CST by Chuck Myron

MONDAY, 3:06pm: The Pacers have received the opt-in paperwork from Hibbert, according to Bob Kravitz of the Indianapolis Star (on Twitter), though the team has yet to make an official announcement.

THURSDAY, 10:06pm: Roy Hibbert is opting in for next season with the Pacers, a source tells Grantland’s Zach Lowe (Twitter link). He has filed the paperwork, adds Marc Stein of ESPN.com (on Twitter), though the Pacers have yet to make an official announcement. The Pacers have been aggressively shopping the center with the thought that he would indeed pick up the more than $15.514MM coming his way on the option, as Adrian Wojnarowski of Yahoo! Sports reported earlier.

The Pacers are likely to continue to try and deal the 28-year-old, though there isn’t likely to be a strong market for an offensively limited center with mediocre rebounding numbers who carries such a large cap hit. One NBA assistant coach told Sean Deveney of The Sporting News that Hibbert might be a worthy gamble for another team if the big man could be motivated to stay in shape. “The last two years, he has dropped off in the second half of the season,” the assistant said. “With big guys like that, the first thing you think of is conditioning. If you can make sure he is in shape for all 82 games, maybe give him time off here and there, he would be worth the risk.”

Hibbert appeared in 76 contests last season, averaging 10.6 points, 7.1 rebounds, and 1.6 blocks in 25.3 minutes per games. His lifetime numbers through 533 contests are 11.1 PPG, 6.8 RPG, and 1.9 BPG, with a slash line of .464/.273/.748.