FRIDAY, 12:40am: Utah receives cash, according to the formal announcement from the Blazers.
THURSDAY, 11:09pm: The Jazz are sending the rights to the No. 54 pick, Spanish small forward Daniel Diez, to the Blazers, reports Jonathan Givony of DraftExpress (on Twitter). It’s not immediately clear what Utah is getting in return.
FRIDAY, 12:34am: Brooklyn’s 2019 second-round pick, a 2018 second-round pick and cash are going to Charlotte in the deal, according to the Nets, who formally announced the trade via press release. Presumably, that 2018 second-rounder is the less favorable of Brooklyn’s pick and Cleveland’s pick, judging by the RealGM pick credits-and-debits log.
THURSDAY, 10:58pm: The Nets will acquire the rights to Argentian small forward Juan Vaulet, whom Charlotte took 39th overall, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). Two future second-round picks are going to the Hornets.
FRIDAY, 12:26pm: The deal is official, both teams have announced. It’s Minnesota’s own 2019 second-round pick going to Cleveland, the Timberwolves note.
THURSDAY, 9:26pm: The Timberwolves will acquire the rights to Tyus Jones from the Cavaliers, who are drafting him at No. 24, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). The Cavs are getting picks Nos. 31 and 36, Wojnarowski adds (on Twitter). Cleveland will also receive a 2019 second-rounder, according to Sam Amick of USA Today (Twitter link).
It’s a homecoming for Jones, a Burnsville, Minnesota native who was the Most Outstanding Player of the Final Four this year at Duke. His floor vision and leadership make him an intriguing prospect, as Eddie Scarito of Hoops Rumors examined in his Prospect Profile.
Jones represents a cap hold of $1,068,400, and he’ll likely receive 20% more on his rookie scale contract. Clearing him for a pair of second-round picks that don’t count against the cap until they’re signed helps Cleveland keep its costs low as the team reportedly contemplates a payroll of $100-110MM, plus another $75MM or so in luxury taxes.
FRIDAY, 12:17am: The trade is official, the both teams announced.
“We are very excited to add Rondae to our roster,” Nets GM Billy King said in a press release. “He is the type of athletic wing we were looking for, and we felt he was the best defensive player in the draft. I also wanted to thank Mason for his time with the Nets and wish him the best with his new team. Mason worked extremely hard from the first time he stepped on the court in training camp last year, and I am sure he will have a long and successful career.”
Technically, Hollis-Jefferson won’t formally join Brooklyn’s roster until he signs, though that should be merely a procedural step.
THURSDAY, 10:41am: The Blazers will acquire Mason Plumlee and the rights to Notre Dame shooting guard Pat Connaughton, who is the 41st overall pick, reports Adrian Wojnarowski of Yahoo! Sports. They’ll send the rights to No. 23 pick Rondae-Hollis Jefferson and Steve Blake to the Nets, Wojnarowski adds (Twitter links).
Courtesy of USA Today Sports Images
In Plumlee, the Blazers land a solid replacement should forward LaMarcus Aldridge leave Portland as is anticipated. Brooklyn was reportedly seeking a lottery pick in exchange for the 25-year-old former first rounder, so the team’s return could be considered a disappointment. While Plumlee isn’t in Aldridge’s class ability-wise, he certainly has the talent to step in as an immediate starter. He appeared in all 82 games for Brooklyn last season, averaging 8.7 points, 6.2 rebounds, and 0.9 assists in 21.3 minutes per night. His shooting numbers were .573/.000/.495. Plumlee is set to earn $1,415,520 next season, and his deal carries a team option worth $2,328,530 for 2016/17.
Connaughton, 22, is an exceptional athlete who possesses good shooting range. He appeared in 139 career games while at Notre Dame, averaging 10.5 points, 5.9 rebounds, and 1.8 assists. His career slash line was .450/.386/.777. He was the 58th best prospect in this year’s draft according to Jonathan Givony of DraftExpress.
As for the Nets, they land Hollis-Jefferson, who is arguably the best defender in the entire draft, though there are serious concerns about his outside shot. He is a similar player to the Hornets’ Michael Kidd-Gilchrist in skillset. Last season at Arizona, Hollis-Jefferson averaged 11.2 PPG, 6.8 RPG, and 1.6 APG, with a slash line of .502/.207/.707.
In Blake, the Nets obtain a veteran point guard who can provide depth off the bench. The 35-year-old is entering the last year of his current deal, and is set to earn $2,170,465 in 2015/16. He appeared in 81 games last season, his most since the 2007/08 season, averaging 4.3 PPG, 1.7 RPG, and 3.6 APG. Blake made 35.2% of his shots from beyond the arc, but only sank 37.3% of his field goal attempts overall.
FRIDAY, 12:12am: The Clippers have followed with a formal announcement of their own.
THURSDAY, 11:47pm: The Pelicans get $600K worth of cash, reports Dan Woike of the Orange County Register (on Twitter).
11:34pm: The Clippers have acquired the rights to No. 56 pick Branden Dawson from New Orleans in exchange for cash, the Pelicans announced. Dawson mentioned both teams to Zach Links of Hoops Rumors when he spoke about the clubs that had shown interest in him.
Dawson believes he’s a fit at either the small forward or power forward positions. The 22-year-old averaged 11.9 points and 9.1 rebounds in 30.1 minutes per game this past season as a senior at Michigan State.
11:26pm: The deal is official, the Bucks announced.
8:05pm: The Bucks have agreed to a deal with the Raptors that will send Greivis Vasquez to Milwaukee, reports Marc J. Spears of Yahoo! Sports (Twitter link). Marc Stein of ESPN.com (on Twitter) reported the sides were close. The Raptors will get the Clippers’ 2017 first-round pick, one that Los Angeles had previously traded to Milwaukee, and the 46th pick in tonight’s draft, Stein adds (Twitter link).
Raptors GM Masai Ujiri seemingly comes away with a coup, netting a lottery-protected first-rounder for his backup point guard. Vasquez goes into the mix with Michael Carter-Williams at the point in Milwaukee. He’s set to make $6.6MM next season in the last year of a two-year, $13MM pact he signed last summer.
Milwaukee’s guaranteed salary for next season will vault to about $41.6MM as a result of the swap, with another $4.25MM perhaps to come if Jared Dudley opts in. That doesn’t count the cap hold for the No. 17 pick. Still, the Bucks will likely have close to max-level cap room to go after reported targets Brook Lopez and Tyson Chandler while keeping Khris Middleton‘s small $2.725MM cap hold on the books before attempting to sign him to a more lucrative pact.
The Raptors also have the ability to chase major targets with only about $42MM in guaranteed salary for next season. Still, they won’t have the ability to use Vasquez, Kevin Durant‘s high school teammate, to recruit the former MVP when he hits free agency next summer.
9:59pm: The deal is official, both teams have announced. The Knicks get to create a $1,250,640 trade exception for Hardaway’s salary.
8:42pm: The Hawks and Knicks have struck a deal that sends Tim Hardaway Jr. to Atlanta, which will use the No. 19 pick to select Notre Dame point guard Jerian Grant for New York, reports Adrian Wojnarowski of Yahoo! Sports (on Twitter).
It’s no shock to see Hardaway in a deal, though the Pistons reportedly appeared to be the most interested team. New York drafted Hardaway 24th overall two years ago, and parlays him into a higher selection in this evening’s draft.
Grant spent five years, including a red-shirt season at Notre Dame. He spoke with Zach Links of Hoops Rumors about why he didn’t declare earlier and the progress he made as a senior this past season. He’ll represent a cap hold of $1,310,300 on New York’s books, slightly more than the nearly $1.305MM Hardaway is to make next season.
Hardaway will give Atlanta depth on the wing with DeMarre Carroll a free agent this summer. The Hawks are clearing about $300K in extra cap flexibility as they moved down from the No. 15 pick in a deal with the Wizards before reaching the agreement with New York.
The Timberwolves have selected Kentucky forward/center Karl-Anthony Towns with the No. 1 overall pick. Adrian Wojnarowski of Yahoo! Sports reported the news moments earlier (Twitter link). The move has appeared the likeliest outcome since earlier this month, when Mark Heisler of Forbes.com reported that coach and president of basketball operations Flip Saunders had become enamored with Towns after having previously favored Duke center Jahlil Okafor. It’s seemed like a virtual foregone conclusion since Adam Zagoria of SNY.tv heard that the team told Towns he would be the pick, even though Towns later denied the report.
Towns emerged as the top prospect on draft boards during the NCAA Tournament, surpassing Okafor. Kentucky coach John Calipari‘s unprecedented depth helped keep Towns’ numbers modest, as he put up 10.3 points and 6.7 rebounds in 21.1 minutes per game in his lone season with the school. Still, his defensive ability is obvious, and he has the capability to develop into an all-court force, as Eddie Scarito of Hoops Rumors examined in our Prospect Profile of the 19-year-old.
The Leon Rose client will earn $5,703,600 this coming season, presuming he signs for the standard 120% of the rookie scale. He’s in line to earn $25,720,035 over the course of the four-year rookie scale contract, as our table of likely salaries for first-round picks shows. The Timberwolves will have to sign him to that deal before they bring him onto the roster, though that should be largely a procedural matter. He’ll represent a $4.753MM cap hold on Minnesota’s ledger until the team officially signs him.
THURSDAY, 2:51pm: Love has officially opted out, reports Eric Pincus of Basketball Insiders (Twitter link).
WEDNESDAY, 1:21pm: Kevin Love is opting out of his contract with the Cavaliers and will become a free agent, reports Marc Stein of ESPN.com (Twitter link). The deadline for Love to make a decision isn’t until Thursday, as Chris Haynes of the Northeast Ohio Media Group reported earlier (on Twitter), so the power forward still has the power to change his mind if he wants. The league has no mechanism for players to officially turn down options, as those with player options simply allow the deadline to pass if they don’t want to opt in, but Stein indicates that Love’s decision to opt out is final. Cavs GM David Griffin said last week that he was expecting Love to opt out but re-sign with the club in July, and Love has time and again said he intends to remain with Cleveland. Opting out is nonetheless an about-face for Love, who told Haynes in January that he would instead opt in.
Opting out would appear the wise financial play for the Jeff Schwartz client, since he’d make only slightly more than $16.744MM on the option but stands to make as much as the max, an estimated $18.96MM, if he indeed opts out. Some executives have been predicting that the Cavs will sign-and-trade him to one of his many suitors, given the success Cleveland had without him while he was out with a shoulder injury during the playoffs, though Griffin insists he wants to keep the core of his team together, as Grantland’s Zach Lowe wrote earlier this week. There’s little doubt the Cavs will put a max offer of their own on the table for him, as Brian Windhorst of ESPN.com wrote in late April, several weeks after ESPN colleague Chris Broussard had heard from rival executives who’d begun to question that prospect.
The Celtics and Lakers have been most frequently linked to Love over the past several months, even as the former All-Star has consistently batted down rumors that he’ll depart the Cavs. Love has nonetheless been a poor fit in Cleveland, which gave up Andrew Wiggins in the trade to acquire him, and Cleveland is reportedly staring at the possibility of a $100-110MM payroll as it seeks to keep its roster together.
WEDNESDAY, 2:49pm: The deadline passed without an opt-in from Ellis, so he has officially opted out, reports Eric Pincus of Basketball Insiders (on Twitter).
11:29am: Agent Jeff Fried confirms to MacMahon that Ellis will opt out. Fried expressed that Ellis would be interested in re-signing with Dallas, as MacMahon relays, though the Mavs don’t appear to have strong reciprocal desire for that. The Pacers and Heat are interested, as we passed along in a separate post.
9:59am: Ellis has decided to opt out, a source tells MacMahon (Twitter link).
TUESDAY, 9:00am: A 90% chance exists that Monta Ellis will opt out from the Mavs to hit free agency next week, as has been expected, a source tells Eddie Sefko of the Dallas Morning News. Ellis has until midnight tonight to decide. The news comes in the wake of a Tuesday evening report from Tim MacMahon of ESPNDallas.com indicating that the Mavs would be likely to pursue a trade that would send Ellis away if he were to opt in. Dallas would seek a draft pick in that scenario, as MacMahon writes in a full story, and the team would target Emmanuel Mudiay in particular, according to Sefko, who suggests Dallas would try to bundle its first-round pick, at No. 21, with Ellis in trade proposals.
Trading Ellis for a pick would help the team’s free agency push, clearing the $8.72MM salary that he would receive if he were to opt in. Still, the Mavs would have the cap hold for that pick to contend with if they brought back a first-rounder. Sefko suggests that MacMahon’s report that the Mavs would look to trade him if he opted in is helping sway him to opt out instead. I wouldn’t be surprised if the team advanced the idea of trading him for just that purpose, though that’s just my speculation. If Ellis opts out, the Mavs can renounce his rights and wouldn’t have to bother with any cap hit for him. The team has no intention of giving Ellis the raise he’d seek if he were to opt out, MacMahon hears.
The Mavs have about $32MM in guaranteed salary on the books as it stands against a projected $67.1MM cap. Ellis just compiled his lowest scoring average, 18.9, since 2006/07, though it wouldn’t be surprising to see the Relativity Sports client nonetheless command eight-figure salaries in free agency, if he indeed opts out.