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Offseason Coaching Deals

Three teams will have new coaches to start the 2012/13 season, as Jacque Vaughn will take over the Magic, Mike Dunlap is the new man for the Bobcats, and Terry Stotts got the Blazers job. A handful of other teams either gave their coaches new deals or picked up their options. Put together, these coaches are the least likely to be replaced at any point this season. It's not without precedent that a new or recently extended coach would quickly lose his job, but it's safe to say they all have a pretty long leash.

The process of hiring a new coach gets a lot of attention, but contracts for existing coaches often slip under the radar. Here are the coaches already in place who got new deals in the offseason.

  • July 2: Scott Brooks signs a four-year, $18MM extension with the Thunder — The summer's most contentious coaching negotation wrapped up weeks after Brooks took the team to the NBA Finals. The deal, which resembles the one Rick Carlisle got from the Mavericks in May, puts Brooks amongst the league's highest-paid coaches, more than doubling his $2.1MM salary from 2011/12. The Thunder had been holding out for a shorter deal, and reportedly began having internal discussions about possible replacements for Brooks, including Phil Jackson and Jeff Van Gundy.
  • June 4: Randy Wittman signs a two-year deal to remain as coach of the Wizards — GM Ernie Grunfeld, who had just received his own new deal in April, removed the interim tag from Wittman's title. The value of Wittman's deal was not released, but Adrian Wojnarowski of Yahoo! Sports heard that the team was unwilling to make a "significant financial commitment," and locked up Wittman instead of pursuing more prominent coaching candidates. Wittman had been an assistant to Flip Saunders, but took over the head job when Saunders was fired following a 2-15 start. 
  • May 29th: The Clippers exercise their option on Vinny Del Negro — Though the Clippers took a leap forward with the additions of Chris Paul and others last season, Del Negro was rarely credited with any of the team's newfound success, and was dogged by whispers he would be replaced almost right up until the Clippers exercised their option. There was internal discussion about letting him go when the team hit a rough patch last year, but Del Negro, a favorite of owner Donald Sterling, survived. Neil Olshey, who was the GM when Del Negro got the extension, is gone, but Del Negro was part of a three-man team to replace him before Gary Sacks got the job full-time earlier this month.
  • May 25th: Mike Woodson signs a three-year extension with the Knicks — The deal gives Woodson about $4MM per season, an includes an option in the third year, according to Stephen A. Smith of ESPNNewYork.com. Presumably, that's a team option, but in either case it was a significant vote of confidence for Woodson, who replaced Mike D'Antoni in March. The specter of Phil Jackson was present until the deal got done, though Woodson had a major ally once the Knicks also decided to bring back GM Glen Grunwald.  
  • May 18th: The Hawks exercise their option on Larry Drew for 2012/13 — The move dispelled rumors that the Hawks would decline the option, and that Drew would be a candidate for the Blazers' job. The move was one of Rick Sund's last as GM of the team, and it remains to be seen whether new GM Danny Ferry will want to keep his inherited coach beyond this season.
  • May 15th: The Bulls confirm they will pick up their option on Tom Thibodeau for 2012/13 — GM Gar Forman and Thibodeau downplayed a report that the coach was unhappy with his contract situation in April, but the two sides have reportedly been discussing a long-term extension off and on since before last season, without resolution. They resumed those talks this month, as other coaches have lobbied for Thibodeau to receive a lucrative extension. He's likely in line for one that resembles the deals that Brooks and Carlisle got.
  • May 15th: The Mavericks give Rick Carlisle a four-year extension — One year removed from leading the Mavs to an NBA title, the team locked up its coach long-term, setting the market for Brooks' deal with the Thunder.  TNT's David Aldridge, writing on NBA.com, later reported that the deal averages better than $4.5MM a season, and Ric Bucher of ESPN.com reported that the first year of the contract gives Carlisle $4.6MM. 

Latest On NBPA

FRIDAY, 12:56pm: The NBPA has informed players that the law firm selected to review the union's business practices requires more time to finish its report, according to Ken Berger of CBS Sports. That subject was one of many discussed in a series of conference calls with the executive committee and player representatives, says Berger.

Among the other topics discussed was the competition's committee's recent talks about a handful of issues, including flopping. The competition committee has yet to formulate an official recommendation on flopping to take to the league's Board of Governors, according to Berger.

WEDNESDAY, 7:08pm: According to SI.com's Sam Amick, a conference call is scheduled to take place on Thursday regarding several pertinent union issues. From a recent memo: "We will provide an update of current union business and cover matters including the distribution of 2011-12 group license funds, implementation of the new annuity program, and proposed rules changes from the competition committee."

Hanging over the head of all these discussion topics is the status of the union's two most important figures: Billy Hunter and Derek Fisher, who have been at serious odds over the union's financial situation since shortly after last year's CBA resolution. Amick reports that no resolution is expected regarding Fisher and Hunter's issue, and Suns' representative Jared Dudley says the situation "smells funny." Fisher's contract is up in two seasons while Hunter's expires in 2016. 

Following Specific Players On Hoops Rumors

As we've outlined before, there are a number of different ways to follow Hoops Rumors via Facebook, Twitter, and RSS. If you don't want to follow all the site's updates, you can follow team-specific or transaction-only Facebook, Twitter, and RSS feeds. Although we don't have Facebook pages or Twitter feeds for specific players, you can also easily follow all our updates on your favorite player.

If, for instance, you want to keep track of all the latest news and rumors on Kenyon Martin as he navigates free agency, you can visit this page. If you're interested in whether Jose Calderon might be traded from the Raptors to your favorite team, all Calderon-related updates are located here.

Every player we've written about has his own rumors page. You can find your player of choice by using our search box (located in the right sidebar); by clicking his tag at the bottom of a post where he's discussed; or, by simply typing his name in your address bar after hoopsrumors.com, substituting dashes for spaces. For example, Martin's page is located at hoopsrumors.com/kenyon-martin.

In addition to players and teams, there are a number of other subjects you can track by clicking on the tags we use at the bottom of posts. The latest news on Bulls coach Tom Thibodeau's contract situation, for instance, can be found on his rumors page. If you want to check out updates on Chris Hansen's quest to bring the NBA back to Seattle, those are all available here.

Option Decisions For Second-Year Players

Under the NBA's collective bargaining agreement, rookie scale contracts for first round picks include two guaranteed seasons and two option years. Teams are required to make decisions on those contract options a year ahead of time. So players heading into the second year of their rookie contracts this season will have their third-year options either picked up or turned down by October 31st.

Yesterday, we looked at the third-year players whose teams must decide on their fourth-year options by Halloween. Today, we're focusing primarily on members of the 2011 draft class — guys heading into their second year whose teams will decide on their third-year options for 2013/14 in the next few weeks.

As I mentioned in yesterday's post, players on rookie deals are typically cheap enough and have a strong enough pedigree that their teams won't hesitate to exercise those options, but that's not always the case. Last year, James Anderson, Daniel Orton, and Damion James were among the second-year players whose third-year options weren't picked up.

Here's the complete list of players for whom a third-year option decision is due by October 31st, sorted by team. The salary for the 2013/14 option year is in parentheses.

Poll: Most Likely To Be Extended?

Given Rick Carlisle’s recent comments about this being the season Mavericks guard Rodrigue Beaubois‘ finally “puts it all together,” we at Hoops Rumors are wondering which of the listed players entering extension eligibility are most likely to stay with their current teams. Earlier this month I posted a poll asking which higher profile player was most likely to change teams, but here the question is inverted. 

 

Option Decisions For Third-Year Players

October 31st represents the deadline by which fourth-year players must sign extensions with their current teams or become ticketed for free agency next summer. However, that's not the only deadline that many teams will face as Halloween approaches.

A player entering the third year of his rookie contract is under contract for the 2012/13 season, but not necessarily for the 2013/14 season — that year is a team option. Rather than getting to make that option decision next summer, teams must decide by October 31st whether to exercise the option or turn it down. A declined option means that the player will hit unrestricted free agency next summer, rather than restricted free agency in 2014.

For the most part, these fourth-year options will be exercised. The cost is generally small enough and the first-round pedigree is strong enough that most teams would prefer to keep their young players around for another year. But that's not always the case. Last year, Jonny Flynn, Jordan Hill, Terrence Williams, and Hasheem Thabeet were among the third-year guys to have their fourth-year options declined, making them free agents this offseason. Flynn and Williams are still looking for work.

Here's the complete list of players for whom a fourth-year option decision is due by October 31st, sorted by team. The salary for the 2013/14 option year is in parentheses:

Veteran Players Eligible For Extensions

Earlier today, we listed the fourth-year players who are eligible for contract extensions of up to five years. The criteria for those players are fairly simple: If you're still playing on the deal you signed as a first-round draft pick and you're entering the final year of that contract, you're extension-eligible.

For veteran players, however, the criteria are a bit more convoluted. As Larry Coon explains in his invaluable CBA FAQ, veteran contracts of less than four years cannot be extended. However, longer deals can be extended in the following scenarios:

  • If a player is on a four-, five-, or six-year deal, it can be extended three years after it was signed.
  • If a player previously signed a contract extension, his contract can be extended again three years after the extension was signed.
  • If a player previously renegotiated his contract, his deal can be extended three years after the renegotiation was signed, if his salary was increased by more than 10%.

Given the specific circumstances required for a veteran contract extension, not a ton of players are eligible for them in any given year. Veteran extensions can also be for no more than four years, which includes the current season, meaning a player in the final year of his deal could only add three new seasons.

As such, top extension-eligible veterans (Dwight Howard, Chris Paul, Andrew Bynum, etc.) are more likely to wait until free agency, where they can maximize their earnings. On the other hand, many extension-eligible players such as DeSagana Diop, Hedo Turkoglu, and Charlie Villanueva have virtually no chance of receiving new deals from their current teams, who are just waiting to clear those salaries.

Still, somewhere in the middle, there are a handful of players that we can reasonably expect to at least discuss the possibility of a contract extension with their respective teams at some point before next June. Here's the complete list, by my count, of veteran players currently eligible for extensions:

Storytellers Contracts was used in the creation of this list.

Fourth-Year Players Eligible For Extensions

While there are a number of different forms of contract extensions available to players under the NBA's Collective Bargaining Agreement, the most common type of extension is for guys entering the final year of their rookie scale contract. Unlike veteran extensions, which only add up to three new years to a player's current contract, rookie contract extensions can add up to five new years.

Blake Griffin became the first of 2012's extension-eligible fourth-year players to ink a new deal, agreeing to a five-year, maximum-salary contract with the Clippers early in July. Serge Ibaka and the Thunder finalized a four-year, $49MM extension a few weeks later. Griffin's and Ibaka's deals mean that a pair of prime extension candidates are locked up, but there are still plenty of rookie-scale players eligible for extensions. If they don't sign long-term deals with their current teams by October 31st, they'll become free agents next summer.

We've examined a number of these fourth-year, extension-eligible players in our Extension Candidate series, but here's the complete list, sorted by team:

Hoops Rumors On Facebook/Twitter/RSS

With training camps fast approaching, there are a number of different ways you can follow Hoops Rumors to keep tabs on the latest NBA news and rumors for the rest of the offseason and throughout the regular season.

You can Like us on Facebook, and receive headlines and links for all our posts via your Facebook account. You can also follow us on Twitter to have all our posts and updates sent directly to your Twitter feed. And our RSS feed is located here, if you'd like to follow us using your RSS reader of choice.

If you prefer to receive updates only on roster moves such as signings, cuts, and trades, you can follow our transactions-only feeds via RSS and Twitter.

2012 Offseason Trades

You can keep up with the offseason's free agent signings with the Hoops Rumors Free Agent Tracker, but that only tells one part of the player movement story. Here's a roundup of the offseason's trades, with the latest moves on top. Click the date above for details on the transaction. You can find out more about the trade exceptions changing hands by checking out our Outstanding Trade Exceptions post.

August 10th

July 30th

  • The Clippers get Willie Green.
  • The Hawks get the rights to Sofoklis Schortsanitis.

July 27th: 

  • The Hornets get Robin Lopez, Hakim Warrick and $1.15MM.
  • The Suns get Wesley JohnsonBrad MillerJerome Dyson, and a 2013 first-round pick (from Timberwolves).
  • The Timberwolves get a 2013 second-round pick (from Hornets), a 2014 second-round pick (from Suns) and a 2016 second-round pick (from Hornets).

July 25th

July 24th:

July 20th: 

July 16th:

July 16th:

July 16th:

  • The Kings get James Johnson.
  • The Raptors get a 2014 second-round pick.

July 13th:

  • The Hornets get Brad Miller, a 2013 second-round pick (from the Nets) and a 2016-second round pick (from the Timberwolves).
  • The Timberwolves get a conditional 2017 second-round pick.

July 12th:

July 11th: 

July 11th:

  • The Nets get Reggie Evans.
  • The Clippers get the right to swap 2016 second-round draft picks.

July 11th:

July 11th: 

July 11th:

July 11th:

July 11th:

  • The Lakers get Steve Nash.
  • The Suns get first-round picks in 2013 and 2015 and second-round picks in 2013 and 2014.

July 9th:

June 29th:

  • The Clippers get Lamar Odom.
  • The Jazz get Mo Williams and the rights to Shan Foster.
  • The Mavericks get the rights to Tadija Dragicevic and cash.
  • The Rockets get the rights to Furkan Aldemir.

June 28th:

  • The Lakers get the 55th pick in the 2012 draft (used on Darius Johnson-Odom).
  • The Mavericks get cash.

June 28th: 

  • The Nets get the 54th pick in the 2012 draft (used on Tornike Shengelia).
  • The Sixers get cash.

June 28th: 

  • The Cavaliers get Kelenna Azubuike and the 17th pick in the 2012 draft (used on Tyler Zeller).
  • The Mavericks get the 24th pick in the 2012 draft (used on Jared Cunningham), 33rd pick in the 2012 draft (used on Bernard James) and the 34th pick in the 2012 draft (used on Jae Crowder).

June 28th:

  • The Sixers get the 27th pick in the 2012 draft (used on Arnett Moultrie).
  • The Heat get the 45th pick in the 2012 draft (used on Justin Hamilton) and a protected 2013 first-round draft pick.

June 28th:

  • The Nets get the 41st pick in the 2012 draft (used on Tyshawn Taylor).
  • The Trail Blazers get cash.

June 28th:

  • The Pacers get the 36th pick in the 2012 draft (used on Orlando Johnson).
  • The Kings get cash.

June 27th:

June 26th:

June 26th:

  • The Timberwolves get Chase Budinger and the rights to Lior Eliyahu.
  • The Rockets get the 18th pick in the 2012 draft (used on Terrence Jones).

June 20th: