Transactions Rumors | Hoops Rumors

Cavs Pick Up Option On Timofey Mozgov

June 23rd, 2015 at 1:00pm CST by Chuck Myron

1:00pm: The move is indeed official, the team confirmed.

9:59am: The Cavs have picked up their $4.95MM team option on Timofey Mozgov, reports Eric Pincus of Basketball Insiders (Twitter link). The team has yet to make an official announcement, but it would appear that the move has indeed taken place. It’s largely an academic transaction, since it would have been shocking if Cleveland had turned down a relatively inexpensive option on the starting center whose acquisition helped turn the team’s season around this year.

Mozgov came from Denver via trade on January 7th in a move that involved two first-round picks heading to the Nuggets. Cavs GM David Griffin and his staff had long coveted the 7’1″ native of Russia, and when the Cavs rebounded from a 19-20 start to reach the Finals with Mozgov locking down the interior on defense, it validated the team’s pursuit.

Cleveland has only slightly more than $31MM in guaranteed salary after picking up Mozgov’s option, though that number doesn’t include a slew of marquee free agents, including LeBron James and Kevin Love. The Cavs appear intent on retaining much of their team and have reportedly had internal discussions about a shelling out a payroll between $100-$110MM plus some $75MM in taxes next season.

Arron Afflalo Opts Out From Trail Blazers

June 23rd, 2015 at 11:25am CST by Chuck Myron

JUNE 23RD: The deadline for Afflalo to opt in was Monday, and since that’s lapsed, he has officially opted out, The Oregonian’s Joe Freeman reports. Player options require players to say when they’re opting in, but they don’t have to give any notice if they’re opting out.

JUNE 21ST: Afflalo is expected to opt out, tweets David Aldridge of TNT.

MAY 7TH: It’s still too early to say definitively that Afflalo will opt out, sources tell The Oregonian’s Joe Freeman, who writes in a roundtable report that examines the shooting guard’s brief time with the Blazers and whether the team should bring him back for next season.

MAY 1ST: Arron Afflalo intends to turn down a $7.75MM player option for next season and become a free agent this summer, reports Marc Stein of ESPN.com. That’s even though a shoulder injury forced him to miss the initial two games of Portland’s first-round series against the Grizzlies and seemed to limit him the rest of the way. Afflalo went scoreless over about 29 minutes of play across the final two games of that series, which the Blazers lost 4-1. As the end of the regular season neared, he was reportedly ready to let his postseason performance dictate what he would do with the option, with the plan seemingly having been to opt in if he didn’t play well, so it appears the Sam Goldfeder client has changed course.

The Blazers gave up a first-round pick, among other assets, to acquire Afflalo from the Nuggets at the deadline, but it looks like yet another key member of their team will hit free agency. Fellow shooting guard Wesley Matthews, LaMarcus Aldridge and Robin Lopez are also among the Blazers who can choose to leave this summer. GM Neil Olshey said Thursday that he has contingency plans for each in case they don’t re-sign, and it seems increasingly likely that he’ll have to employ his plan for Aldridge, who no longer appears the safe bet to re-sign that he once was. Portland only has about $23MM in guaranteed salary for next season against a projected $67.1MM cap, so the Blazers have no shortage of flexibility.

Portland has Afflalo’s Bird rights, though unless the Blazers are willing to insert a fifth year in the 29-year-old’s next contract, that will matter little, since he’s not a contender for a maximum salary. The Blazers can offer 7.5% raises instead of 4.5% raises, but another team can offset that with a higher salary in the first year of the deal. Afflalo was the Magic’s leading scorer in 2013/14 with 18.2 points per game, but his scoring was off significantly, from 18.2 points per game last year to 13.3 this season, despite a much less profound dip in the number of his field goal attempts. He was better defensively this season, as Basketball-Reference’s Defensive Box Plus/Minus shows, but he had a woeful 8.2 PER in his 25 regular season games as a Blazer.

Goran Dragic Formally Opts Out From Heat

June 22nd, 2015 at 1:40pm CST by Chuck Myron

Goran Dragic has turned down his $7.5MM player option for next season, reports Eric Pincus of Basketball Insiders (Twitter link). The team has yet to make an official announcement, but since player options don’t require players to say when they’re opting out, only when they’re opting in, there may well be no formal acknowledgement of the move from the team. Dragic’s decision has been thoroughly expected, as he said in April that he would opt out, as he had long planned to do. The Heat are preparing a five-year offer in excess of $80MM for him to return, as Marc Stein of ESPN.com reported this weekend, but an offer in the neighborhood of $80MM would still be significantly less than the max.

The expectation when Miami acquired Dragic from the Suns in exchange for a package that included two first-round picks was that the Heat would make him a max offer this summer, as Ramona Shelburne of ESPN.com reported at the time. However, the team is apparently in salary-clearing mode with Dwyane Wade angling for more money amid his openness to leave Miami, so perhaps that’s led the Heat to try to see if they can save on Dragic, a client of Bill Duffy and Rade Filipovich.

A five-year deal worth somewhat more than $80MM would still be roughly in line with what other teams can offer in terms of total money, since competitors are limited to handing out only four-year contracts. Dragic has been insistent that he’s high on Miami, but he apparently nonetheless saw the Lakers as a “perfect fit” at the trade deadline, and that team is reportedly a likely suitor, as are the Knicks, Pelicans, Kings and Bucks.

Thaddeus Young Opts Out From Nets

June 22nd, 2015 at 10:29am CST by Chuck Myron

10:29am: Young has indeed opted out, King confirmed today to reporters, including Andy Vasquez of The Record (Twitter link), saying that he has his sights set on re-signing him. King added that the team has extended a qualifying offer to Mirza Teletovic, as the GM said the Nets would.

10:10am: Thaddeus Young has opted out from the Nets, a league source tells Chris Haynes of Cleveland.com (Twitter link). Haynes indicates that the move has already taken place, and while the Nets have made no official announcement, there won’t necessarily be formal acknowledgement, since players don’t have to declare when they’re turning down player options; they only have to say when they’re opting in. Young was in line to make nearly $10.222MM had he picked up the option.

The news is no shock, since Young was reportedly leaning toward opting out as of late last month, though that came a few weeks after Young said agent Jim Tanner had suggested that he instead opt in and hit free agency next summer, when the salary cap is projected to surge. Young also said in early May that he wanted to see what Brook Lopez would do with his player option, so perhaps today’s news is an indication that Lopez has made up his mind, too. Nets GM Billy King has made it clear that it’s a priority for the club to retain both Young and Lopez regardless of whether they opt out. That’s in spite of the looming luxury tax threshold that would make it difficult for the Nets, who have nearly $59MM in guaranteed salary already on the books for next season, to keep both without passing the projected $81.6MM tax line. The Nets would pay repeat-offender tax penalties if they’re again in the tax at the end of next season. King has indicated a willingness to trade every player on the roster, including the bloated contracts of Deron Williams and Joe Johnson.

The 29-year-old Young averaged 14.1 points and 5.4 rebounds in 32.0 minutes per game this season, his first away from the Sixers, and his numbers during the second half of the season in Brooklyn were similar to those that he put up before a midseason trade that sent him away from Minnesota.

Steve Blake Opts In With Blazers

June 19th, 2015 at 8:03pm CST by Eddie Scarito

Steve Blake has exercised his player option worth $2,170,465 for the 2015/16 season to return to the Trail Blazers, the team has announced (Twitter link). The move doesn’t come as a surprise since Blake had indicated back in February that he intended to opt in, and that he was hoping to play another “year or two” after next season. “I’ve thought about it for sure,” said Blake of retirement. “I know I’m in the back stretch, that’s why it’s so important for us to be so good. I want a championship really bad and I’m hoping we can get to that level. I only have a few years left to try and get it.”

The return of Blake next season won’t significantly impact the Blazers’ salary cap situation, with the team now having a total of $25,243,542 in guaranteed salary committed for 2015/16. Of course, that amount doesn’t factor in pending free agents LaMarcus Aldridge and Wesley Matthews, both of whom the team hopes to retain.

The 35-year-old appeared in 81 contests for the Blazers last season, averaging 4.3 points, 1.7 rebounds, and 3.6 assists in 18.9 minutes per night. His slash line was .373/.352/.707. For his career, Blake has played in a total of 812 contests, notching career averages of 6.7 PPG, 2.1 RPG, and 4.0 APG. His career shooting numbers are .401/.385/.778.

Aaron Gray Retires

June 19th, 2015 at 3:33pm CST by Chuck Myron

Aaron Gray is retiring because of the heart ailment that knocked him out of action this past season, the 30-year-old center tells Vince Ellis of the Detroit Free Press (Twitter link). He’ll join coach/executive Stan Van Gundy‘s staff, Ellis adds, and while it’s unclear whether that means he’ll be an assistant coach, that’s the role in which he served in an unofficial capacity this year. The Pistons released his playing rights in October soon after signing him to a two-year deal for the minimum last summer, using the stretch provision to spread the salary for the second year of that contract over the next three seasons.

This past season was the first in which the 49th overall pick from the 2007 draft didn’t play in the NBA since his days at the University of Pittsburgh. Gray spent time with the Bulls, Pelicans, Raptors and Kings before signing with the Pistons last summer, peaking with 40 starts for Toronto during the 66-game lockout-shortened 2011/12 season. He nonetheless averaged only 3.9 points and 5.7 rebounds in 16.6 minutes per game that year. The 7-footer put up 3.4 PPG and 3.7 RPG in 12.1 MPG across 318 games in his seven-year NBA career.

The Andy Miller client was a more noteworthy contributor on defense, compiling a positive number in Basketball-Reference’s Defensive Box Plus/Minus metric for each season of his NBA career. Gray earned more than $13.518MM in his NBA career, according to Basketball-Reference and Basketball Insiders data.

Eric Gordon Opts In With Pelicans

June 18th, 2015 at 4:48pm CST by Eddie Scarito

THURSDAY, 4:48pm: The Pelicans have officially announced that Gordon has opted in for next season.

WEDNESDAY, 7:50pm: Eric Gordon has decided to exercise his player option for the 2015/16 season and return to the Pelicans, Eric Pincus of Basketball Insiders reports (Twitter link). The move was widely anticipated, as Gordon would likely have had a difficult time topping the $15,514,031 he is scheduled to make next season on any new deal. This sets up Gordon to become an unrestricted free agent next summer, and a strong 2015/16 campaign could serve to inflate his value just in time for the salary cap to increase courtesy of the league’s new television deal kicking in. John Reid of The Times Picayune had previously reported that Gordon was likely to opt in.

Besides the obvious payday associated with opting in, Gordon will also have the opportunity to play for Alvin Gentry, who was coach of the Suns when Gordon signed Phoenix’s offer sheet back in 2012, which New Orleans matched, and Gordon is still fond of Gentry, according to Reid. Gentry is known for his offensive expertise, and Gordon could become revitalized in an up-tempo attack. The negative regarding Gordon opting in, is that it defeats any chance that New Orleans had to open max-level cap room for next season without making significant salary clearing trades. New Orleans now has more than $56MM in guaranteed salary committed against a projected $67.1MM cap for next season, which includes Gordon’s option amount.

Gordon appeared in 61 contests for the Pelicans last season, averaging 13.4 points, 2.6 rebounds, and 3.8 assists in 33.1 minutes per game. His career numbers are 16.8 points, 2.6 rebounds, and 3.4 assists per night. His career slash line is .437/.383/.809.

Jeff Green Opts In With Grizzlies

June 18th, 2015 at 3:03pm CST by Chuck Myron

3:03pm: Green has indeed opted in, the team announced via press release.

12:01pm: Jeff Green is picking up his player option worth $9.2MM to stay with the Grizzlies for next season, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). The move is a key decision for Memphis, as it would lift the team to about $47MM in guaranteed salary commitments for next season, likely closing off any possibility for the team to open cap space if it re-signs Marc Gasol.

The working assumption in Memphis had been that Green would opt in, though the presence of skilled agent David Falk made that less than a foregone conclusion, as Marc Stein of ESPN.com wrote a month ago. Green came to the Grizzlies from Boston in a mid-January trade, though he didn’t have a game-changing impact and at one point during the regular season brought up the idea of moving to the Memphis bench. He nonetheless appeared as a starter for all but eight of his 45 regular season games in a Grizzlies uniform, but coach Dave Joerger used him chiefly off the bench in the playoffs.

The Celtics apparently traded Green in part because they were worried that he would opt out. It’s unclear whether he would have been more likely to opt out if he had stayed with the Celtics, though staying in Memphis does give him a better shot at winning than staying in Boston likely would have. In any case, Green will have another decision to make next summer when his contract expires.

Assuming Green officially opts in, the Grizzlies will likely have only the $5.434MM mid-level exception to use to sign free agents for more than the minimum salary if Gasol returns, since they used their biannual exception on Beno Udrih last year. I looked at that and other issues when I examined the offseason ahead for Memphis.

Danny Granger Opts In With Suns

June 17th, 2015 at 7:09pm CST by Eddie Scarito

7:09pm: The Suns have officially announced that Granger has indeed opted in for next season.

3:21pm: Suns forward Danny Granger has picked up his player option worth $2,170,465 for the 2015/16 season, Eric Pincus of Basketball Insiders reports (Twitter link). This means that the Creative Artists Agency client, represented by Aaron Mintz, will be eligible to hit unrestricted free agency during the summer of 2016. Granger, who was acquired by Phoenix from the Heat at this season’s trade deadline, has been working with the team’s athletic training staff to overcome health issues associated with his twice-surgically repaired left knee.

The return of Granger now gives the Suns a total of nine players with fully guaranteed deals for next season, and ten players under contract overall including Jerel McNeal‘s non-guaranteed pact. Phoenix now has $42,209,043 in guaranteed money on the books for 2014/15. The franchise also has to make a decision on Brandon Knight, who is eligible to become a restricted free agent, provided that the Suns tender him a qualifying offer worth $4,790,680.

Granger reportedly contemplated retirement after undergoing knee surgery when he was with the Pacers in 2013. But Phoenix’s stellar medical team has him convinced that he can be “fixed,” and return to being a productive player. The 32-year-old did not log a single minute of action for the Suns this season after arriving in Phoenix. He had previously appeared in 30 contests for Miami, averaging 6.3 points, 2.7 rebounds, and 0.6 assists in 20.4 minutes per game. His career stats are 16.8 points, 4.9 rebounds, and 1.9 assists. His career slash line is .434/.380/.848.

Gerald Henderson Opts In With Hornets

June 17th, 2015 at 2:26pm CST by Chuck Myron

Gerald Henderson has picked up his $6MM player option for next season to stay with the Hornets, the team announced. The move means the Wasserman Media Group client will enter free agency next summer instead of this year, as the coming season is the last on a three-year, $18MM deal that the swingman signed with the team in 2013.

It’s the second time this week that a member of the Hornets exercised a player option. Al Jefferson officially did so Monday, the same day the team traded Lance Stephenson to the Clippers for Spencer Hawes and Matt Barnes. This week’s moves, including Henderson’s decision, have lifted the team’s guaranteed salary for next season from about $46.2MM to approximately $63.8MM, making it likely the team stays above the projected $67.1MM cap for 2015/16.

Henderson started 72 games this past season, in part because Stephenson failed to become the mainstay that Charlotte hoped he’d be. The 27-year-old Henderson nonetheless averaged fewer minutes, points and shots per game than in any of the four seasons since he became a full-time starter for the team.