Clippers Sign Cole Aldrich
3:20pm: The deal is official, the team announced via press release.
MONDAY, 2:23pm: It’ll indeed be for the minimum, tweets Ben Bolch of the Los Angeles Times.
11:59am: Aldrich and the Clippers are still talking, but the expectation is that he’ll indeed sign soon, tweets Arash Markazi of ESPNLosAngeles.com. A league source tells Dan Woike of the Orange County Register that the sides are close to agreement (Twitter link).
FRIDAY, 11:11am: The Clippers will sign Cole Aldrich to a two-year deal that includes a player option, reports Derek Wetmore of 1500 ESPN Twin Cities (on Twitter; hat tip to 1500 ESPN Twin Cities colleague Darren Wolfson). Aldrich, a Minnesota native, departs the Knicks, with whom he spent 2014/15. He’ll give the Clippers the true backup center they’ve lacked. The contract, once he signs it, will almost certainly be for the minimum salary, since the Clips have no cap room and committed their taxpayer’s mid-level exception to Paul Pierce.
The team had been discussing the idea of adding the big man, as Dan Woike of the Orange County Register reported earlier this week, and apparently the return of DeAndre Jordan didn’t dissuade them from the idea. Amar’e Stoudemire has been another big man the team has eyed, but he’s reportedly close to a deal with the Heat.
New York had reportedly remained in contact with Aldrich’s reps, and the Jeff Schwartz client had expressed his affection for the triangle offense. Aldrich, who turns 27 in October, saw more playing time this past season than in any other during his five-year NBA career, making 16 starts and averaging 16.0 minutes per game.
Nuggets Waive Jamaal Franklin
The Nuggets have waived Jamaal Franklin, as Eric Pincus of Basketball Insiders tweets and as the RealGM transactions log shows. The team has yet to make any formal announcement, but it appears the move has indeed taken place. Franklin, whom Denver signed during the final week of the regular season to a three-year deal, didn’t have any guaranteed salary remaining on his contract. He’ll become a free agent, assuming he clears waivers.
Franklin’s release may well be part of an effort to clear cap room to accommodate the extension and renegotiation of Wilson Chandler‘s contract. The Nuggets also released their cap holds for Darrell Arthur, Rudy Fernandez, Ian Clark, Wesley Person and Jan Vesely, Pincus notes (Twitter link). Dropping Franklin’s $947,276 minimum salary brings Denver’s cap figure to $64,149,043, based on the data that Pincus has compiled. That leaves $5,850,957 under the $70MM cap to add to Chandler’s $7,171,662 salary, enough to bring it to $13,022,619, which would be a front-loaded figure for the first season of Chandler’s new deal, which reportedly is to give him $46MM over the next for years. That isn’t necessarily the reason for Franklin’s release, as Denver doesn’t have to front-load the Chandler deal. The Nuggets have already officially announced Chandler’s new deal, but RealGM nonetheless doesn’t show the move having taken place just yet, leaving room for Denver to make moves to clear the way for it.
Franklin, who turns 24 this month, is just two years removed from having been the 41st overall pick in 2013. The Grizzlies waived him using the stretch provision last summer, so the Brian Elfus client continue to pick up NBA paychecks through 2018/19. The shooting guard spent time playing in China and for the Lakers D-League affiliate last season before the Nuggets picked him up.
Joel Freeland To Play In Russia With CSKA Moscow
MONDAY, 8:05am: The deal is official, the team announced (hat tip to Pick).
FRIDAY, 11:05pm: Freeland has signed a two-year deal with CSKA Moscow, and the pact contains no NBA out clause, Shams Charania of RealGM reports (Twitter link).
1:33pm: A source tells Michael Scotto of Sheridan Hoops that Freeland hasn’t agreed to a deal just yet, and will decide within the next two days (Twitter link).
THURSDAY, 8:51am: Joel Freeland has agreed to sign a guaranteed deal with Russia’s CSKA Moscow, reports David Pick of Eurobasket.com (Twitter link). Freeland had reportedly set a deadline of Friday to find an NBA deal before he committed to playing overseas, but it appears he’s making the jump a day early. The British big man’s contract with the Blazers ended last month, and Portland didn’t make a qualifying offer.
[RELATED: Blazers Finalize Deal With Ed Davis]
The Rafa Calvo client didn’t expect the Blazers to make that offer, but he expressed a preference to stay in the NBA. He’ll instead move to one of Europe’s most prominent clubs. Chema de Lucas of Gigantes del Basket first reported CSKA Moscow’s interest.
Freeland, 28, didn’t have much of a role during his three seasons with the Blazers, though he did make eight starts this past year while averaging 3.5 points and 3.9 rebounds in 12.8 minutes per game.
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Thunder Match Blazers’ Offer For Enes Kanter
8:10pm: Oklahoma City has announced the move is official via press release.
7:40pm: The Thunder have informed the Trail Blazers they have matched Portland’s $70MM offer sheet for restricted free agent Enes Kanter, reports Yahoo Sports’ Adrian Wojnarowski (on Twitter). Enes’ deal includes a player option on the fourth year and a 15% trade kicker bonus, Wojnarowski reports in a full story.
The expectation around the league was that the Thunder would match, according to Royce Young of ESPN.com (on Twitter). The deadline is today. The Blazers signed Kanter on Thursday to an offer sheet worth the max over four years, with a player option on year three. It was an easy decision to match, Wojnarowski tweets, because Oklahoma City offered Kanter about $62MM and always planned for the possibility of a max offer sheet.
Oklahoma City has about $79MM in salary commitments for this coming season. That puts them well above the $70MM cap, and the new deal for Kanter pushes the team far beyond the $84.74MM tax threshold. If they don’t make any other moves, the Thunder would have roughly a $24MM luxury-tax payment due at the end of next season, Young writes in a full story. The Thunder, according to Young, who cites league sources, are likely to shop forwards Steve Novak and Perry Jones III to help alleviate some of the pending financial hit.
Kanter, 23, excelled after Oklahoma City acquired him from the Jazz. He averaged 15.9 points per game and 8.9 rebounds per game last season with the Thunder and Jazz. Thunder GM Sam Presti had expressed interest in re-signing the big man.
“We traded for Enes last season with the intention of keeping him as a member of the Thunder for several years to come, and we are excited that he will continue with us,” Presti said the press release. “He adds valuable depth to our roster, diversity to our frontcourt and the dimension that he brings offensively will positively impact our team.”
Bulls Sign Cristiano Felicio
The Bulls have signed big man Cristiano Felicio, who is from Brazil and is currently playing on Chicago’s summer league team, the Bulls announced in a press release.
“We’ve been impressed with Cristiano’s work ethic and potential,” said GM Gar Forman. “We’re looking forward to working with him and having him come to camp with us this fall.”
K.C. Johnson of The Chicago Tribune tweets Felicio will come to training camp on a make-good deal.
Wizards Sign Alan Anderson
JULY 12, 4:41pm: The deal is official, the Wizards announce.
JULY 7, 4:25pm: The Wizards and unrestricted free agent Alan Anderson have reached an agreement on a contract, David Aldridge of TNT reports (Twitter links). Anderson will receive part of Washington’s mid-level exception, which the team held in hopes of signing David West, Aldridge adds. Adrian Wojnarowski of Yahoo! Sports (on Twitter) notes that the contract will be a one-year, $4MM pact.
The Nets had reportedly made keeping the forward a priority, but instead lose the 32-year-old to Washington, where he’ll join a team more likely to contend in the Eastern Conference. Anderson bypassed his player option for 2015/16 worth $1,333,484 with the Nets, and was reported to be seeking an annual salary of $3MM-$4MM from a contending team. This deal certainly checks off both of those boxes for the veteran, with the Wizards a team on the rise, and a franchise in need of help at the wing with the departure of Paul Pierce to the Clippers.
Anderson appeared in 74 games for the Nets last season, including 19 as a starter. He averaged 7.4 points, 2.8 rebounds, and 1.1 assists, with a slash line of .442/.348/.812. His career numbers through 287 games with the Hornets, Raptors, and Nets are 7.9 PPG, 2.3 RPG, and 1.2 APG.
Kings Close To Signing Andrea Bargnani
JULY 12TH, 2:45pm: The Kings are finalizing the signing today, tweets Marc Stein of ESPN.
JULY 11TH, 8:53pm: The Kings are in “advanced discussions” with former Knick Andrea Bargnani, and the two sides are getting close to a deal, tweets Marc Stein of ESPN. The nine-year veteran was the overall number one pick in the 2006 NBA draft. He spent seven years in Toronto before being traded to New York in 2013.
Bargnani earlier indicated that he was considering several options in free agency, including signing with a team in Europe. The Knicks were reportedly interested in keeping him, but only on a minimum-salary deal.
Bargnani earned $10.75MM and $11.5MM during his two seasons in New York. His production with the Knicks never matched his salary, as he appeared in just 71 games during his time there, averaging 13.9 points and 4.9 rebounds.
The Kings are in the market for frontcourt help after this week’s trade that sent Carl Landry and Tristan Thompson to the Sixers along with Nik Stauskas. The move helped Sacramento clear enough cap room to sign Rajon Rondo. Bargnani may fit into the team’s remaining salary cap room or he could have to accept a minimum deal, tweets former NBA Executive Bobby Marks.
Blazers Sign Enes Kanter To Max Offer Sheet
2:14pm: The deadline is today, but Oklahoma City still hasn’t notified Portland about its intentions, tweets Adrian Wojnarowski of Yahoo Sports.
JULY 12TH, 1:50pm: The Thunder intend to match the offer to Kanter, tweets David Aldridge of TNT.
JULY 9TH, 4:17pm: Oklahoma City has received Kanter’s signed offer sheet from the Blazers, and have until Sunday to make a decision regarding the player, Wojnarowski tweets.
3:02pm: The offer sheet is worth the max over four years, with a player option on year three, Aldridge reports (on Twitter). It’s expected to include a trade kicker, too, Wojnarowski adds (Twitter link). That means a starting salary of $16,407,500 this season and a total value of around $70MM.
2:22pm: The Trail Blazers are set to sign Thunder restricted free agent Enes Kanter to an offer sheet, as TNT’s David Aldridge reports and as Adrian Wojnarowski of Yahoo! Sports confirms (Twitter links). The expectation around the league is that the Thunder will match, according to Royce Young of ESPN.com (on Twitter). Grantland’s Zach Lowe suggests that the Thunder will also intensify their efforts to trade Perry Jones and Steve Novak to clear salary (Twitter link). Lowe also mentions D.J. Augustin along with Jones and Novak, but it’s not clear if that’s just speculation.
USA Today’s Jeff Zillgitt reported last week that the Blazers were eyeing the big man. Thunder GM Sam Presti told Darnell Mayberry of The Oklahoman this spring that he was committed to re-signing his team’s trade deadline acquisition, and while they met to discuss a deal approaching the max, and both sides were reportedly eager to complete a deal, it appears Oklahoma City has let the market dictate his terms. The Knicks were also reportedly in contact with the Max Ergul client.
Oklahoma City has roughly $79MM in salary commitments for this coming season, counting the team’s deal with Kyle Singler. That puts them well above the $70MM cap, and a new deal for Kanter would likely push the team far beyond the $84.74MM tax threshold. The Blazers have nearly $30MM in cap flexibility after the exodus of LaMarcus Aldridge and Wesley Matthews.
Pistons, Aron Baynes Reach Agreement
JULY 12, 1:07pm: The deal is official, the Pistons announced.
JULY 2, 12:23pm: The Pistons and Aron Baynes have a deal on what will be a three-year contract with a player option after year two, reports Marc Stein of ESPN.com (Twitter links). It could be worth as much as $20MM, Stein adds. The final number depends on how much cap space the Pistons have to spend on him, tweets Vince Ellis of the Detroit Free Press.
San Antonio elected not to tender a qualifying offer to Baynes this year after the big man’s protracted restricted free agency in 2014. The Daniel Moldovan client signed a one-year deal for $2.077MM with San Antonio shortly before the start of training camp, and he benefited from injury trouble for Tiago Splitter that opened more playing time, affording Baynes the chance to showcase his bruising inside game and end up with a significant raise.
Pistons coach/executive Stan Van Gundy made signing a pair of backup centers a priority going into free agency, as Keith Langlois of Pistons.com noted, though it didn’t seem as though he’d spend quite so freely to accomplish that end. The market for small forwards, the position Van Gundy had wanted to address first, has been especially player-friendly, so it seems the Pistons have turned to Plan B.
Wolves Deal Chase Budinger To Pacers
SUNDAY, 10:40am: The trade is official, both the Wolves and Pacers have announced.
“We’re very glad to have Chase,” Pacers president of basketball operations Larry Bird said. “He’s a guy we think will fit in our rotation. He can shoot and drive to the basket, which works with how we want to play. Damjan was a special guy. He was great to have as part of our team. He will be missed by all.”
SATURDAY, 3:24pm: The Wolves will send Chase Budinger to the Pacers, according to Adrian Wojnarowski of Yahoo Sports. Minnesota will receive 6’10” foward Damjan Rudez in exchange.
Budinger, 27, has been with the Wolves since being acquired from the Rockets in a 2012 trade. He averaged 6.8 points and 3 rebounds per game this year while playing about 19 minutes off Minnesota’s bench. In April, Budinger exercised a $5MM option for next season.
The 29-year-old Rudez, a member of the Croatian national team, averaged 4.8 points in 68 games with the Pacers last season. He signed a three-year contract with Indiana last summer and is due to make more than $1.149MM next season, with a team option for 2016/17 at $1.199MM.
The salaries aren’t a match, but each team can accommodate the deal via trade exceptions, as former Nets exec Bobby Marks points out (on Twitter). The Pacers can either use the giant, but temporary, $15.5MM-plus trade exception they reaped from the Roy Hibbert deal, or they can renounce their cap holds and use cap space, a move they’ll eventually have to make to sign Monta Ellis. The Timberwolves can use one of three trade exceptions large enough for Rudez.