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Month: November 2024

Trail Blazers Waive Dan Gadzuric

July 19th, 2012 at 12:27pm CST by Michael Pina

THURSDAY, 12:27pm: The Trail Blazers have officially requested waivers on Gadzuric, the team announced today (Twitter link). The big man will become an unrestricted free agent, assuming he goes unclaimed.

MONDAY, 5:33pm: Trail Blazers GM Neil Olshey has announced that the team will waive center Dan Gadzuric, tweets CSNNW.com's Chris Haynes. Gadzuric was involved in the sign-and-trade deal that officially went through today sending Raymond Felton back to the Knicks. 

Standing 6'11" and 33 years old, Gadzuric has played in just 33 games over the last two seasons. Should he clear waivers and become an unrestricted free agent, it's unclear whether the 10-year veteran will catch on with another NBA team this offseason.

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Hoops Rumors On Facebook/Twitter/RSS

July 19th, 2012 at 12:25pm CST by Luke Adams

With plenty of free agents still seeking new contracts, 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 summer.

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.

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Value Of 2012/13 Cap Exceptions

July 19th, 2012 at 9:18am CST by Luke Adams

Last season, under the first year of the new Collective Bargaining Agreement, the first-year values of the mid-level and bi-annual exceptions were relatively easy to remember — the mid-level for non-taxpaying teams started at $5MM, the taxpayer MLE began at $3MM, and the room exception for under-the-cap teams began at $2.5MM. The bi-annual exception, meanwhile, checked in at a first-year value of $1.9MM.

However, the CBA dictates that these exceptions are set to grow in value annually. Besides the non-taxpayer mid-level, which doesn't increase until next summer, each of the aforementioned exceptions grew by 3% this year. The new first-year numbers are a little harder to remember — $3.09MM for the taxpayer MLE, $2.575MM for the room exception, and $1.957MM for the BAE.

To avoid having to recall those figures and constantly calculate the new second- and third-year values of contracts that use full exceptions, we've put together a chart for quick reference. Here are the maximum contracts, in both years and dollars, that teams can hand out using these four salary cap exceptions (click for full size):

Exceptions

For complete explanations of how these and other cap exceptions work, be sure to check out Hoops Rumors' glossary.

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Odds & Ends: Delfino, Jamison, Knicks, Lopez

July 18th, 2012 at 10:40pm CST by Zachary Links

The Celtics‬ have expressed some interest in Bucks‬ swingman Carlos Delfino with O.J. Mayo off the market and Courtney Lee likely being too pricey, a source tells ‪A. Sherrod Blakely of CSNNE‬.com (via Twitter).  Delfino, a restricted free agent, averaged 9.0 PPG and 3.9 RPG in 28.5 minutes per game last year for Milwaukee.  Here’s more from around the Association..

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Nuggets Re-Sign JaVale McGee

July 18th, 2012 at 9:42pm CST by Zachary Links

The Nuggets announced that they have re-signed free agent center JaVale McGee to a multiyear contract.  The deal is for four years and worth $44MM, a source told Marc J. Spears of Yahoo Sports (via Twitter).  The big man averaged 11.3 PPG, 7.8 RPG and 2.16 BPG in 61 games for the Nuggets and Wizards last season. 

Denver acquired McGee from the Wizards as part of a three-team deal on March 15th that sent Nene to Washington.  The athletic 24-year-old had a number of memorable mental lapses on the court during his time with the Wizards but appeared to turn a corner with the Nuggets.

“JaVale did a tremendous job for us after the trade,” Executive VP Masai Ujiri said in the release. “He worked hard on the court and did everything our coaches asked of him. Plus, he’s only 24 years old. With our coaching staff, he’s only going to get better.”

McGee turned in a pair of brilliant performances in the Nuggets' first-round series against the Lakers.  The 7-footer put up 16 points and 15 rebounds Game 3 and followed that up with 21 points and 14 boards in Game 5.

Late last week, it was reported that the Nuggets offered McGee a five-year deal worth $50MM.  The reported pact gives McGee a slightly higher average annual value while allowing him to re-enter the open market before his 29th birthday.  The length and value of the deal is strikingly similar to the four-year, $43MM offer sheet that the Clippers matched last offseason in order to keep DeAndre Jordan away from the Warriors.

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Blazers Notes: Cap Room, Batum, Sampson

July 18th, 2012 at 9:07pm CST by Zachary Links

Earlier today, the Trail Blazers announced that they have officially matched the Timberwolves’ offer for forward Nicolas Batum.  It always seemed like Portland was going to keep the restrictred free agent this summer, but Minnesota made the Blazers dig deep in order to do so.  The offer sheet for Batum was reportedly $46.5MM over four years and includes incentives and a 15% trade kicker that could increase the overall value to $50MM.  Here’s more out of Portland..

  • General Manager Neil Olshey says that the Blazers have a $3.5MM trade exception from the Raymond Felton deal with the Knicks, meaning that they are still technically over the cap, tweets Jeff Kramer of Storyteller’s Contracts. 
  • Olshey told reporters, including Ben Golliver of Blazer’s Edge (via Twitter) that the offer sheet wasn’t for as much as reports indicated, though he did not give a figure for its actual value.  The GM also acknowledged that the club did its due diligence and talked sign-and-trade with Minnesota before opting to retain Batum.
  • Olshey reiterated that he is in “no rush” to hire a head coach and said his search will extend beyond the summer league period, tweets Joe Freeman of The Oregonian.
  • Rockets assistant Kelvin Sampson says ‪that the Blazers‬ inquired about him in regards to the head coaching job but hasn’t been asked to interview, tweets Chris Haynes of CSNNW.com.  Earlier this week it was reported that the club will interview Patrick Ewing for the job, but it is believed to just be a courtesy.
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Bobcats Pull Qualifying Offer To Derrick Brown

July 18th, 2012 at 8:27pm CST by Zachary Links

The Bobcats‬ have rescinded their qualifying offer to Derrick Brown, according to Rick Bonnell of the Charlotte Observer (via Twitter).  The Bobcats extended the offer to Brown, valued at nearly $1.1MM, on the same day that they made D.J. Augustin a restricted free agent.

Brown, 24, enjoyed a career year for the Bobcats as he averaged 8.1 PPG with 3.6 RPG in just over 22 minutes per game. However, it wasn't likely that Brown would see that kind of playing time with the Bobcats this year with Michael Kidd-Gilchrist and Jeffery Taylor expected to see major minutes at the three.

The 6'7" forward was a second-round pick of the Bobcats in 2009 before being waived in 2011 and hooking on with the Knicks.  Brown found his way back to Charlotte last winter for the minimum salary.

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Pacific Notes: Lakers, Hill, Rush, Warriors

July 18th, 2012 at 7:31pm CST by Zachary Links

Here’s a look at the latest out of the Pacific Division..

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Trail Blazers To Sign Ronnie Price

July 18th, 2012 at 4:40pm CST by Luke Adams

4:40pm: The Blazers will sign Price to a minimum-salary deal, Olshey confirmed (Twitter link via Blazers' Edge).

4:31pm: The Trail Blazers will sign Ronnie Price to a contract, perhaps as soon as today, according to Portland GM Neil Olshey (Twitter link via Ben Golliver of Blazer's Edge). After they matched the Timberwolves' offer sheet for Nicolas Batum, I don't believe the Blazers have any leftover cap space, so the team figures to sign Price using either the room exception or the minimum salary exception.

Price, a seven-year NBA veteran, played for the Suns in 2011/12 after spending time with the Kings and Jazz in previous years. The 6'2" guard averaged a career-high 14.4 minutes per game in Phoenix, but provided limited production, averaging 3.6 PPG and 1.9 APG to go along with .377/.295/.800 shooting.

The 29-year-old Price, who was an unrestricted free agent, will likely see time behind Damian Lillard at the point in Portland.

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Rockets Waive Jon Leuer, Jerome Jordan

July 18th, 2012 at 4:13pm CST by Luke Adams

The Rockets have waived Jon Leuer and Jerome Jordan, according to Jonathan Feigen of the Houston Chronicle (via Twitter). When the two players clear waivers, the Rockets will have the necessary roster space to finalize their offer sheet for restricted free agent Omer Asik.

Both Leuer and Jordan were acquired by Houston in recent trades for salary-matching purposes. Leuer came from the Bucks in the June deal that sent Samuel Dalembert to Milwaukee, while Jordan arrived from New York in the Marcus Camby sign-and-trade.

I believe both players were on non-guaranteed contracts for 2012/13, so the Rockets shouldn't have to take a cap hit for releasing either one. The pair will become unrestricted free agents in 48 hours, assuming both of them clear waivers.

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