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Josh Smith Signs With Rockets

December 26th, 2014 at 11:23am CST by Chuck Myron

FRIDAY, 11:23am: The deal is official, the Rockets announced.

WEDNESDAY, 5:15pm: Smith officially cleared waivers Wednesday and is looking forward to joining Howard in Houston, reports Mark Berman of Fox 26 Houston. Smith said the Rockets expressed interest in acquiring him even before he was waived. “Now we came together, and being able to be wanted by a team with so much dynamics as far as having a chance to win the title is very special and very humbling,” Smith said.

1:05pm: The updated version of Wojnarowski’s story indicates that Smith is signing a one-year deal, in line with what Feigen says, and seconds Feigen’s report that the team is in talks about a trade that would open a roster spot. Those talks could be complete as soon as later today, Wojnarowski writes.

1:01pm: The Rockets are working on a swap to create a roster spot, Feigen tweets. Feigen also indicates that Smith’s deal is for just one season, conflicting with Wojnarowski’s earlier report.

12:52pm: Smith will receive the full $2.077MM value of the biannual exception this season, reports Jonathan Feigen of the Houston Chronicle (Twitter link).

12:03pm: Josh Smith has committed to signing with the Rockets once he clears waivers at 4pm Central today, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). The move is no surprise, since Houston became the favorite Monday after the Pistons waived him, and the Rockets only strengthened that position Tuesday. Houston had promised a starting job, as Marc Stein of ESPN.com reported overnight (Twitter link), and close friend Dwight Howard was recruiting him. Smith will receive a two-year deal for the biannual exception with a player option for next season, Wojnarowski reports in a full story.

That exception, which gives him $2.077MM this year and a 4.5% raise on that salary for next season, assuming Houston is giving him the full amount, is an advantage the Rockets had over many other suitors limited to the minimum. The Sixers have the cap space necessary to claim Smith off waivers and forestall Houston from signing him, but they reportedly have no intention of doing so. Still, perhaps the most important edge the Rockets had was the willingness to offer a starting role, as Smith had narrowed his choices to only teams that would give him that, Stein tweets. The Heat were one of those teams, but they evidently came up empty, as did other contenders reported to have varying levels of interest in signing the 29-year-old forward, including the Mavericks, Cavaliers, Grizzlies, Lakers, Clippers and Kings. Memphis made a strong push for him late, as Wojnarowski reported earlier today (on Twitter), but the Grizzlies fell short.

The client of agents Brian Dyke and Wallace Prather saw his stock surge as his price point dropped. Detroit, at 5-23, saw fit to eat the remaining guaranteed money on the four-year, $54MM contract he signed in the summer of 2013, using the stretch provision to spread the money so that the Pistons will pay just $5.4MM each season from 2015/16 through 2019/20. That number figures to go down further thanks to set-off rights, depending on the value of the contracts that Smith signs for the seasons ahead. His deal with the Rockets will save the Pistons $630,259 this season, presuming Smith is receiving the full value of the biannual.

The Rockets have a full 15-man roster, as our roster counts show, so a corresponding move will be necessary. They have two players without fully guaranteed contracts, but one of them is starting point guard Patrick Beverley. The other is backup center Tarik Black, but he’s played a key role and started 12 games in place of an injured Howard. Black had a partial guarantee of $50K on his minimum-salary contract to begin the season, but he’s already earned more than that amount.

Photo courtesy of USA Today Sports Images.

Rockets Waive Tarik Black, Sign Smith

December 26th, 2014 at 11:22am CST by Arthur Hill

11:22pm: The Rockets have formally announced the signing of Smith and the waiving of Black.

10:49am: Unable to find an acceptable deal to open a roster spot for Josh Smith, the Rockets waived center Tarik Black today, as Adrian Wojnarowski of Yahoo! Sports writes in a full story. Citing an unidentified league source, Wojnarowski says the Rockets have decided to part ways with the rookie center out of Kansas. He adds that the team hopes Smith can complete a physical and sign a contract in time to play tonight against the Grizzlies, but that remains uncertain at this point.

Smith, who was waived Monday by the Pistons, announced his intention to join the Rockets even before clearing waivers on Wednesday. With Houston already having 15 players on its roster, an opening had to be created. The Rockets spent the past two days trying to work out a deal involving Black, Nick Johnson, Isaiah Canaan, Joey Dorsey or Clint Capela. Of the five, Black was the only one without a fully guaranteed contract. He signed a two-year, partially guaranteed deal in August.

Wojnarowski says several teams are interested in claiming Black. He has already earned more than the partial guarantee amount on his non-guaranteed contract. The money that Black has already earned will stick on Houston’s cap figure if he clears waivers, but another team will assume that amount on its cap if it claims him.

Black averaged 4.2 points and 5.1 rebounds in 25 games with the Rockets, and started 12 games when Dwight Howard was out of the lineup with knee pain. He earned a roster spot with the Rockets after an impressive performance in the summer leagues.

Rockets Sign Kevin McHale To Extension

December 24th, 2014 at 1:10pm CST by Chuck Myron

1:10pm: The deal is official, the team announced via press release.

10:36am: The Rockets and coach Kevin McHale have agreed to a three-year extension, reports Adrian Wojnarowski of Yahoo! Sports. McHale entered the season in the final year of his contract and under a degree of pressure after last season’s first-round exit from the playoffs. However, Houston has started the season 20-7 in spite of the absence of Dwight Howard for a dozen games and an offseason that saw the Rockets purge much of their depth. The extension will be worth nearly $13MM over the three seasons, Wojnarowski adds (Twitter link). There are no team options involved, reports Marc Stein of ESPN.com, unlike the previous arrangement between the team and McHale (Twitter link).

“He’s done a great job and I think can take us very far in the playoffs,” Rockets owner Leslie Alexander said, as Mark Berman of Fox 26 Houston tweets.

Houston picked up McHale’s option for this season shortly after its playoff ouster last spring, a hedge between an immediate change at the helm of a still-fluid roster and the long-term commitment that the team is making now. Alexander said in November that he wouldn’t judge McHale solely on the team’s performance in the playoffs, and it seems the club’s strong start to the regular season was enough.

The Hall of Fame forward/center took over the Rockets before the lockout-shortened 2011/12 season, when the franchise was stringing together mediocre seasons just outside the playoffs in the Western Conference. Houston finished outside the postseason at 34-32 in McHale’s first year, but the Rockets have been a playoff team each of the last two years following the acquisition of James Harden in the fall of 2012 and Howard in the summer of 2013. The team has improved its winning percentage in each season since McHale’s first as coach, including this season, as the team is on pace to win 61 games.

McHale has gone 153-104 in the regular season over his time with the Rockets, who lost in six games in the first round of the playoffs in 2013 and 2014. He’s 192-159 in the regular season overall, including his time on the bench for the Timberwolves. McHale began the season as the only coach in the NBA on the final year of his contract, as Stein notes (on Twitter).

Photo courtesy of USA Today Sports Images.

Pistons, Suns Swap Tolliver, Mitchell

December 24th, 2014 at 11:40am CST by Chuck Myron

The Pistons have acquired Anthony Tolliver from the Suns in exchange for Tony Mitchell, the teams announced via press release. It’s a straight one-for-one swap. The Suns are expected to waive Mitchell, reports Paul Coro of the Arizona Republic (Twitter link). Both teams had cap space going into the deal, and both remain under the cap, so there was no salary matching necessary. Detroit is just a sliver under the cap after taking on Tolliver’s $3MM salary, while the Suns open up nearly $2.184MM in additional cap room in the exchange, even though Mitchell’s guaranteed minimum salary will stick on Phoenix’s books if he indeed hits waivers.

Tolliver, a 6’8″ combo forward, helps make up for the loss of Josh Smith, whom the Pistons shockingly waived Monday. He’s a much more proficient outside shooter than Smith is, having nailed 38.5% of his three-point attempts so far this season and 35.5% for his career. He shot 41.3% on three-pointers last season, helping him earn a two-year, $6MM deal with the Suns, who needed to replace Magic signee Channing Frye. Tolliver nonetheless saw only 11.3 minutes per game for Phoenix, which clearly saw him as expendable. Only $400K of next season’s $3MM salary is guaranteed for Tolliver, so the Pistons largely preserve their cap flexibility for the summer ahead.

Mitchell, a power forward not to be confused with the former Bucks small forward by the same name, had been on his fourth D-League assignment of the season since December 12th. The 37th overall pick in the 2013 draft had yet to appear in a regular season game this season for new coach/executive Stan Van Gundy after seeing only 79 minutes spread over 21 games as a rookie last year.

Sixers Release Ronny Turiaf

December 23rd, 2014 at 5:06pm CST by Eddie Scarito

TUESDAY, 5:06pm: The Sixers have released Turiaf, the team announced in a press release.

FRIDAY, 10:58pm: The Sixers will release Ronny Turiaf, Keith Pompey of The Philadelphia Inquirer reports (Twitter link). Turiaf was acquired by Philadelphia as a part of the three team trade for Corey Brewer earlier today in which the Sixers sent Alexey Shved to Houston. This move will reduce Philadelphia’s roster count to 14 players, leaving one spot open for GM Sam Hinkie to possibly work as a clearinghouse once again for another team looking to get a contact off of its books. After all, there still remain a few second round draft picks out there that Philadelphia hasn’t laid claim to. The Sixers currently hold a total of 14 second-rounders through the 2020 NBA draft.

Turiaf is likely out for the season after undergoing surgery on his right hip on December 16th. The 10th-year big man is on a fully guaranteed contract worth $1.5MM this year, which expires at the end of the season, so Philadelphia will eat the remaining salary owed to Turiaf.

The 31-year-old out of Gonzaga has only appeared in two games this season after playing in just 31 games for Minnesota last season. He started in 10 of those appearances and averaged 4.8 points and 5.6 rebounds in 19.5 minutes per contest. Turiaf’s career numbers are 4.7 PPG and 3.7 RPG. His career slash line is .533/.000/.636.

Sixers Re-Sign Malcolm Thomas

December 23rd, 2014 at 5:04pm CST by Chuck Myron

5:04pm: The Sixers have officially re-signed Thomas, the team announced in a press release.

2:02pm: The Sixers will re-sign Malcolm Thomas, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). Keith Pompey of the Philadelphia Inquirer reported earlier this week that the team was thinking about bringing back the power forward, who began the regular season with the Sixers. Philadelphia has a full 15-man roster, but the team reportedly intends to waive Ronny Turiaf, whom the Sixers acquired via trade from the Timberwolves last week, as Turiaf is expected to miss the rest of the season as he recovers from right hip surgery. It’s unclear what sort of contract Thomas will receive, though he inked a four-year deal for the minimum salary with a partial guarantee of $474K when he signed with Philadelphia in October.

Thomas found himself on waivers on November 10th, two days after his 26th birthday, when the Sixers elected to reunite with Drew Gordon, whom they had carried during the preseason. Philly released Gordon less than a month later as GM Sam Hinkie continues to churn the roster, much as he did last season. Thomas, who’s played with four other NBA teams since going undrafted out of San Diego State in 2011, averaged 4.4 points and 4.6 rebounds in 14.3 minutes per contest during his five-game stint with the Sixers this season.

Philadelphia has been shorthanded of late, carrying Turiaf for the past few days as well as Andrei Kirilenko, who hasn’t played since the Sixers traded for him December 11th, even as Philly attempts to press him into action. The Sixers have also been without 2014 No. 3 overall pick Joel Embiid all season as he recovers from a broken foot, and Jason Richardson, who hasn’t played since January 2013 because of multiple injuries.

And-Ones: Mavs, Payne, Heat, Bargnani

December 22nd, 2014 at 10:31pm CST by Alex Lee

Mavericks owner Mark Cuban wants to keep his newfound starting five together for the foreseeable future, writes Tim MacMahon of ESPN Dallas. To do so, Cuban will have to strike new deals with free agents to be Rajon Rondo and Tyson Chandler this summer. Add Monta Ellis to that list should he opt out of the third year of his team-friendly deal. “I’ll at least do my best to keep them together,” said Cuban. “I want to keep them together. It’s cheaper to keep them. It’s not where we were before. Do I want to go deep into the luxury tax? No, and I think it’s more because I want us to have some options in a couple of years. But, yeah, there’s no reason for us not to keep everybody together, not that I know now.”

It should be a busy summer for the Mavs owner. Now let’s take a look at what else is going on around the league on Monday night:

The Hawks have recalled Adreian Payne from the D-League, the team announced via press release. Payne had been with the affiliate of the Spurs, and his assignment represented the first use of the new rules for NBA teams without one-to-one D-League affiliates.
While the Heat were without Chris Bosh and Dwyane Wade on Sunday, facing the Rondo-less Celtics provided the latest reminder of team president Pat Riley‘s staunch advocacy of the star system, writes Ira Winderman of the South Florida Sun-Sentinel. Winderman implies that Riley, unlike Boston executive Danny Ainge, probably would’ve opted to lock up a player of Rondo’s caliber rather than risk sliding further into mediocrity.
Andrea Bargnani, who has yet to suit up for the Knicks this season, was adamant on Sunday that he intends to play this season and will return to the NBA next year despite his impending free agency, writes Frank Isola of the New York Daily News, who adds that it’s unlikely the Knicks will bring the Italian forward back.

Chuck Myron contributed to this post.

Pistons Waive Josh Smith

December 22nd, 2014 at 10:51am CST by Chuck Myron

The Pistons have waived Josh Smith, the team announced via press release. A source tipped Vince Ellis of the Detroit Free Press to the news shortly before it happened (Twitter link). The team will use the stretch provision, tweets Vincent Goodwill of The Detroit News. The stretch provision will spread Smith’s $13.5MM salaries for 2015/16 and 2016/17 in equal $5.4MM amounts each season through 2019/20, but his full $13.5MM for this season is stuck on the payroll, assuming he clears waivers and assuming Smith and the team didn’t agree to a buyout.

“Our team has not performed the way we had expected throughout the first third of the season and adjustments need to be made in terms of our focus and direction,” Pistons president of basketball operations Stan Van Gundy said in the team’s statement. “We are shifting priorities to aggressively develop our younger players while also expanding the roles of other players in the current rotation to improve performance and build for our future. As we expand certain roles, others will be reduced. In fairness to Josh, being a highly versatile 10-year veteran in this league, we feel it’s best to give him his freedom to move forward. We have full respect for Josh as a player and a person.”

It’s a shocking move, but the team was had been “desperately” seeking to trade Smith and rival teams were insisting that the Pistons attach a first-round pick to him, according to Ellis (Twitter link). The Kings had maintained interest in trading for Smith, though recent reports made it unclear just how warm Sacramento has been to the idea recently after the team appeared to make a strong push for Smith over the summer, when Van Gundy rejected the Kings’ entreaties. Sacramento offered Jason Thompson and Carl Landry, but Detroit said no, tweets Adrian Wojnarowski of Yahoo! Sports. The Kings have interest in signing him as a free agent, reports Marc J. Spears of Yahoo! Sports (on Twitter), though they only have the minimum salary to offer.

Smith will surely be a sought-after commodity on the free agent market once he, as expected, clears waivers in two days. The high cost of his contract makes him an unlikely candidate to be claimed off waivers. The Clippers are among the teams with interest, reports Marc Stein of ESPN.com (Twitter link). The forward is close with with new Maverick Rajon Rondo, Chris Mannix of SI.com points out (on Twitter), and the two have spoken many times about playing together, according to Smith. Still, early indications are that the Mavs won’t pursue him and that Rondo won’t press the team to do so, as USA Today’s Sam Amick tweets, though Stein hears that Dallas is interested (Twitter link). The 29-year-old Smith is also close with former AAU teammate Dwight Howard, and the Rockets have had interest in the past, according to Spears (Twitter link). Still, Houston hasn’t decided whether to pursue him at this point, Stein reports (on Twitter). The Rockets would have a financial edge on the Mavs, since they have the $2.077MM biannual exception to offer, while the Mavs, like the Kings and Clippers, are limited to the minimum salary.

The Pistons enticed Smith, a Wallace Prather client, to sign a four-year, $54MM deal in the summer of 2013, but he never worked out in Detroit, and the contract quickly became an albatross as he struggled to fit in with Greg Monroe and Andre Drummond. His subtraction ostensibly allows the Pistons to move forward with Monroe and Drummond as their lone marquee big men, but Monroe is an unrestricted free agent at season’s end after signing his qualifying offer this past summer, and he seems to have soured on Detroit. Perhaps letting go of Smith is an appeal of sorts to Monroe, letting him know that he won’t be crowded out of playing time, but that’s just my speculation.

Rockets Acquire Corey Brewer

December 19th, 2014 at 8:15pm CST by Chuck Myron

8:15pm: The trade is official, the Rockets have announced in a press release. Houston received Alexey Shved from the Sixers and Corey Brewer from the Wolves. Minnesota received Troy Daniels, along with the Kings’ 2015 second round pick (protected for picks 50-60), Houston’s 2016 second round pick (protected for picks 31-45) and cash considerations from the Rockets. Philadelphia received Houston’s 2015 second round pick and the rights to Serhiy Lishchuk from the Rockets, and Ronny Turiaf from Minnesota. The Rockets have also officially waived Francisco Garcia to reduce their roster count to 15.

5:52pm: The Sixers will also receive the rights to Serhiy Lishchuk from the Rockets, Jonathan Feigen of The Houston Chronicle reports (Twitter link). Lishouk was the No. 49 overall pick in the 2004 NBA draft.

5:24pm: Alexey Shved is likely to head to the Rockets as part of the deal, and Turiaf will go to the Sixers, Wojnarowski reports (Twitter links). Houston intends to release Garcia rather than include him in the trade, Wojnarowski also notes.

2:58pm: The Wolves receive Sacramento’s 2015 second-round pick, which the Kings previously sent to the Rockets, as long as it’s within the top 49 selections, reports Jerry Zgoda of the Star Tribune (Twitter link). The 2016 second-rounder going Minnesota’s way is Houston’s own, Zgoda adds.

2:48pm: Minnesota and Houston discussed Rockets swingman Francisco Garcia, Wolfson hears (Twitter link), though it’s unclear if he’ll be part of the final arrangement.

2:22pm: The Rockets are also sending cash to Minnesota in the deal, Feigen tweets.

1:36pm: The Wolves and Rockets have struck a deal that will send Corey Brewer to Houston, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). Troy Daniels heads to Minnesota as part of the deal, Wojnarowski also tweets. Ronny Turiaf, who’s likely out for the season, is headed to the Rockets, though there’s a decent chance that he’ll wind up on a third team, Wojnarowski adds (on Twitter). Minnesota-Houston deal itself is liable to involve another team, too, a source tells Jonathan Feigen of the Houston Chronicle (Twitter link). As the deal stands, two future second-round picks are also heading from the Rockets to Minnesota, one of which is the 2015 second-rounder that Houston had acquired from the Kings, though the draft considerations are still being hammered out, according to Wojnarowski (Twitter links).

Houston GM Daryl Morey and his staff had been pushing to use a trade exception worth nearly $8.375MM by no later than today so that the Rockets could flip whomever they acquired in another trade that aggregates that player’s salary prior to the trade deadline. It’s not immediately clear what the other elements of the Brewer deal are, but the Rockets are indeed taking Brewer’s salary of nearly $4.703MM into the exception, as Wojnarowski writes in a full story and Darren Wolfson of 1500 ESPN Twin Cities tweets.

The teams first discussed a Brewer deal last month before Minnesota appeared to take him off the table amid injury woes. At the time it seemed as though Brewer’s suitors were pushing for him to waive his $4.905MM player option for next season, but it’s unclear if Houston was hung up on that notion or whether Brewer has indeed done so. The Cavs were also keen on acquiring Brewer both in November and this week, when Wolves coach/executive Flip Saunders reignited the talks. Reports indicated that the Clippers had interest at both points, too, and the Heat were apparently eyeing Brewer at least during the initial round of talks.

Houston’s coaching staff is reportedly enamored with Brewer, and, as Wojnarowski writes, it’s primarily his defense at the small forward position that’s driven the Rockets to make the deal. Still, that’s somewhat odd, since the Rockets have given up the second fewest points per 100 possessions in the league so far, per NBA.com, even without Brewer. His game seems an awkward fit for Houston, as I examined when I looked at Brewer’s trade candidacy. A November report from Feigen that first revealed Houston’s eagerness to use the trade exception, a vestige of this summer’s Jeremy Lin trade that doesn’t expire until this coming July, suggested that the Rockets were merely trying to bolster their rotation, regardless of fit. Thus, Houston could put together a more attractive trade offer in pursuit of a star at the deadline, when the Rockets would be able to aggregate the salary of whomever they used the exception on with other salaries.

The Wolves, who are in a rebuilding stage, as Saunders recently admitted, announced earlier this week that Turiaf is expected to miss the rest of the season after undergoing hip surgery. He’d appeared in only two games so far this season because of the lingering hip injury, and his contract, which pays him a guaranteed $1.5MM this year, is up at season’s end. Saunders indicated this week that Minnesota would waive Turiaf if an intriguing free agent came available, but instead the 10th-year veteran is departing the Wolves via trade.

Daniels is heading to Minnesota after re-signing with the Rockets this past summer on a two-year deal that’s fully guaranteed for the minimum salary. The 23-year-old swingman was surprising playoff hero for Houston last spring, but he’s seen just 6.4 minutes per game across 17 appearances for the Rockets this season.

Pelicans Waive Gal Mekel

December 19th, 2014 at 11:04am CST by Chuck Myron

11:04am: The move is official, the team announced via press release. The statement didn’t make any mention of a corresponding transaction.

9:39am: The Pelicans are releasing Gal Mekel, sources tell David Pick of Eurobasket.com (Twitter link). Pick indicates that the team has already waived the Israeli point guard, though New Orleans has yet to make an official announcement. The team is hoping that Mekel clears waivers, according to Pick. That would seem to suggest that the club intends to re-sign him should he become a free agent, though that’s just my speculation, and it’s not clear if Mekel’s release would be related to any other transaction. He’d signed a non-guaranteed two-year deal for the minimum salary earlier this month. His subtraction would leave the Pelicans with 14 players, one shy of the maximum.

New Orleans reportedly inquired about Jeff Green lately, and there are conflicting reports about whether the team is ready to move some of its core players, though another dispatch from a few weeks ago pitted them as having been aggressive in trade talks. Dispensing with Mekel would give the team a measure of flexibility to make an unbalanced swap, but unless a move is imminent, it wouldn’t make sense for the Pelicans to part ways with Mekel if they still found him a worthwhile part of the club.

There would seemingly be a decent chance that another team would claim him off waivers, since visa issues were apparently the only stumbling block that kept him from signing with the Pacers earlier this season, he worked out for the Lakers, and the Thunder have reportedly held interest in him, too. The Mavs, Mekel’s original team, have an open roster spot following the Rajon Rondo trade.

The 26-year-old has seen 10.8 minutes per game in four appearances with New Orleans, averaging 1.5 points, 3.3 assists and 0.5 turnovers per contest. The Pelicans are relatively thin at the point behind Jrue Holiday, as rookie Russ Smith is the only other pure point guard on the team. They also possess combo guards Tyreke Evans, Jimmer Fredette and Austin Rivers.

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