Month: September 2024

Wizards Owner Discusses Wall’s Max Extension

Perhaps most surprising about John Wall's maximum-salary extension with the Wizards is the timing of the deal. The team could have waited to re-sign him in restricted free agency next summer. GM Ernie Grunfeld and company could also have saved negotiations for later this offseason, since most rookie-scale extensions aren't signed until the October 31st deadline approaches. 

Instead, as soon as the team was eligible to make an offer, Wizards owner Ted Leonsis hopped on a plane to Los Angeles, where Wall makes his offseason home, to begin talks. Leonsis spoke to the media today about the deal, and J. Michael of CSNWashington.com rounds up several of his remarks. We'll pass along a few here: 

On what Wall has proven in his career:

"John and I talked about what we had to do the day we drafted him. It was going to be very painful. Rebuilds are hard. We've had 100% turnover of our team. We owe a lot to our fans for the patience that they've shown and also to the players because it was going to be messy. We're through that point now. I felt that John earned this because of what he'd been through and his level of commitment. Ernie and the staff crunched a  lot of numbers. There's a lot of analytics that go into it to show where John ranks and what his upside his. … I thought he was our foundational player and that he deserved to be a max player."

On the challenge of rebuilding and what the deal means for the franchise:

"We’re very, very fortunate that John embraced that challenge early on. Also frankly, (agent) Dan Fegan believed in that was well. John would be a very highly sought-after player around the league. He has probably the most upside of all of the point guards that are out there. To be able to secure his services for five years plus the year that he’s playing this year (for $7,459,925) really gives the fan base, the team, the coaching staff the wherewithal to know that we’ll have stability and we’ll continue to build systematically around what John’s gifts and skills are."

On the benefits of locking up Wall so early:

"By doing this, it should send a message to John and the team that we're about team results, not about individual stats. Everyone has their contract, everyone is taken care of. There is nothing to worry about. There are no distractions. I also made a commitment to having a drama free off-season. I think this organization has had enough drama."

Mavericks, Mike James In Contract Talks

Point guard Mike James started the final 23 games for the Mavericks this past season, a stretch when the team played some of its best basketball. Dallas has agreed to sign four players capable of playing his position this summer, and the Mavs wound up with 18th overall pick Shane Larkin in the draft, but the team and James' reps are nonetheless discussing the possibility of his return, reports Shams Charania of RealGM.com.

James told Chris Haynes of CSNNW.com that he's intent on playing in the NBA again this season, and agent Bernie Lee echoes those sentiments to Charania. The team expressed an interest in re-signing the 38-year-old when free agency began last month, and those talks continue, Charania writes.

The veteran averaged 8.2 points per game, dished out 4.4 assists and shot 41.9% from three-point range as a starter last season. He appeared in 45 total games for the Mavericks, his most NBA contests in any one season since the 61 he played in 2008/09.

Rockets Re-Sign Francisco Garcia

8:41pm: Jonathan Feigen of the Houston Chronicle writes that the second year of the deal is a team option, instead of a player's option as had been originally reported. Team options on veteran contracts are rare, so perhaps year two is simply non-guaranteed.

AUGUST 1ST, 6:37pm: Houston GM Daryl Morey took to Twitter to announce Garcia's official signing, which had been held up as Garcia traveled overseas. 

JULY 6TH: The Rockets have re-signed guard Francisco Garcia to a two-year, $2.6MM deal, according to Adrian Wojnarowski of Yahoo Sports (on Twitter).  Marc Stein of ESPN.com (Twitter link) first reported that the two sides were nearing agreement.  Garcia will have a player's option in the second year of his new deal and will also have bird rights after year one, Wojnarowski tweets.

Houston decided against picking up their costly club option on Garcia but still wanted him back in the fold.  Rather than pay the 31-year-old swingman $6.4MM, the club will get him back for a fraction of the price.  Garcia had interest from teams looking for a solid wing defender who could also shoot it from three point range comfortably, including the Knicks and Lakers.

As shown in the Hoops Rumors Agency Database, Garcia is represented by Aaron Goodwin.

Zwerling On Knicks, Ivan Johnson, Humphries

Jared Zwerling of ESPNNewYork.com has tweeted a string of updates on the Knicks today, as we've noted in a pair of posts. Marc Berman of the New York Post delivered plenty more on the Knicks earlier today, and this evening Zwerling delivers a full story on the latest from New York. We'll hit the highlights from Zwerling's piece here:

  • The Knicks and Ivan Johnson are discussing a potential deal. The former Hawks power forward had been holding out for a team to commit its mini mid-level exception to him, but his interest in the Knicks, who can only offer the minimum, indicates that his price may have come down.
  • The Knicks' interest in Kris Humphries is mutual, but the Celtics are still unlikely to buy him out.
  • Other big men the Knicks are considering include Cole Aldrich, Hamed Haddadi, Jerome Jordan, Gani Lawal, Shavlik Randolph and Henry Sims.
  • The Knicks remain interested in Beno Udrih and Bobby Brown, but Zwerling confirms Berman's report that the team is no longer looking at Delonte West.
  • Berman wrote that the Knicks are expected to invite Toure Murry to training camp, and Zwerling hears that the team will do the same with "a few young developmental point guards."

Atlantic Rumors: Iverson, Pargo, Williams, West

Gary Washburn of the Boston Globe reported last week that Celtics second-round pick Colton Iverson had agreed to a deal with Besiktas of Turkey, but today Washburn tweets that Boston's release of Shavlik Randolph could clear the way for Iverson to join the Celtics this season. The C's would have to open up another roster space, as Eric Pincus of the Los Angeles Times points out (via Twitter), but Washburn says the team plans additional moves and needs big men (Twitter link). They're not the only Atlantic Division team looking to add to its roster, as we detail:

Most, Least Active Teams In Free Agency

The Clippers were already a star-studded playoff team with a hefty payroll last season. This summer, they've spent more money than any other team to ensure that's the case once again.
Much of that cash is in the form of a max contract for Chris Paul, totaling more than $107MM in value. That alone would have made the Clippers the biggest spenders in 2013 free agency, since Dwight Howard could only sign for four years with the Rockets. Doc Rivers, doubling as coach and head of basketball ops in Clipperland, signed six other free agents to deals worth a total of $45MM.

Top five most active teams, by amount of money committed
  • Clippers: Seven players, 18 years, $152.861MM
  • Rockets: Nine players, 21 years, $103.385MM
  • Pistons: Five players, 13 years, $92.466MM
  • Hawks: Six players, 15 years, $86.450MM
  • Mavericks: Eight players, 18 years, $80.963MM
The Rockets didn't stop with their addition of Howard, either, inking eight more players. GM Daryl Morey and company have signed nine free agents, the greatest number of any team this summer. The Mavs failed to land either Paul or Howard, but they're attempting to make up for it with sheer numbers, inking eight free agents, second only to their in-state rivals in Houston.

Top five most active teams, by number of players signed 

  • Rockets: Nine players, 21 years, $103.385MM
  • Mavericks: Eight players, 18 years, $80.963MM
  • Clippers: Seven players, 18 years, $152.861MM
  • Lakers: Seven players, 11 years, $12.640MM
  • (tie) Hawks: Six players, 15 years, $86.450MM 
  • (tie) Knicks: Six players, 12 years, $29.781MM
As I pointed out when I ran down each team's most expensive signee, the Sixers and Suns have yet to spend money in free agency this summer. Phoenix is capped out thanks to the absorption of money in the Eric Bledsoe trade, but Philadelphia could clear more than $20MM in room, and Sixers GM Sam Hinkie reportedly believes the time is right to start spending at least some of that cash. Those teams top both the clubs that have committed the least amount of money and fewest amount of years in free agency.

Top five least active teams, by amount of money committed

  • Sixers: None
  • Suns: None
  • Thunder: Two players, two years, $2.586MM
  • Jazz: Two players, four years, $3.200MM
  • Heat: One player, two years, $3.434MM

Top five least active teams, by number of players signed

  • Sixers: None
  • Suns: None
  • Kings: One player, four years, $26.047MM
  • Heat: One player, two years, $3.434MM
  • Many teams: Two players

Note: These lists, compiled with the help of the Hoops Rumors Free Agent Tracker, don't include signed draft picks, players acquired in trades, or contract extensions. They do include players acquired via sign-and-trade, players who re-signed, and players who signed non-guaranteed training camp invitations, sometimes known as "summer contracts." The dollar figures include any non-guaranteed money the teams have doled out. Some of the signings are not yet official.

Below are the figures for each team:

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Celtics Release Shavlik Randolph

6:01pm: The team officially confirmed the move, via press release.

4:48pm: The Celtics have informed Shavlik Randolph that they won't be picking up his team option, according to Jeff Goodman of ESPN.com (via Twitter). Randolph's contract doesn't technically include a team option, but his 2013/14 salary is non-guaranteed, which amounts to the same thing. That salary was set to become fully guaranteed if the big man remained on Boston's roster beyond today.

Randolph, 29, inked a pair of 10-day deals with the Celtics in 2012/13 before signing with the team for the remainder of the season, as our 10-day contract tracker shows. The former Duke Blue Devil appeared in 16 contests for Boston, averaging 4.2 PPG and 4.4 RPG. He'll become an unrestricted free agent, assuming no team claims him on waivers.

By cutting Randolph, the Celtics will reduce their roster count to 15 players, the maximum amount a team can carry during the regular season.

Eastern Notes: Wall, Monroe, Sixers, Humphries

Let's round up a few Thursday items from around the Eastern Conference….

  • John Wall's five-year extension with the Wizards is fully guaranteed, with no player or team options involved, tweets J. Michael of CSNWashington.com. Wall spoke to Monumental Sports Network about his new deal, and the additional pressure it will put on him over the next few years.
  • According to Grantland's Zach Lowe, the Pistons don't seem overly enthusiastic about signing Greg Monroe to a maximum-salary extension. If the team "falls in love" with a frontline of Josh Smith and Andre Drummond, Monroe could be dangled at some point, Lowe suggests.
  • Monroe, Paul George, and Larry Sanders are among the Eastern players who could follow in Wall's footsteps and sign lucrative long-term extensions this offseason, as Yannis Koutroupis of HoopsWorld writes.
  • Spurs assistant Brett Brown continues to be a frontrunner for the Sixers' head coaching job, according to Keith Pompey of the Philadelphia Inquirer (via Twitter). A report last month indicated Philadelphia would likely choose between Michael Curry and Brown, who Pompey calls "the preferred candidate."
  • The Knicks would be interested in Kris Humphries if he's bought out by the Celtics, but that appears unlikely at this point, says Jared Zwerling of ESPNNewYork.com (via Twitter).
  • The Hawks have yet to make a final decision on where Lucas Nogueira will play next season, but it still looks as if he'll return to Spain, tweets Chris Vivlamore of the Atlanta Journal-Constitution.
  • Brett Koremenos of Grantland speculates that if Gigi Datome has success with the Pistons, it could inspire other NBA teams to look more closely to Europe for inexpensive outside shooters.

Andrei Kirilenko On Signing With The Nets

It has been an extremely eventful offseason for the Nets, one that saw them add Kevin Garnett, Paul Pierce, and a whole lot of dollars to their luxury tax bill. They weren't quite done after their blockbuster deal with the Celtics, however, as they added Andrei Kirilenko to the mix, making the roster even more dangerous from an offensive standpoint.

The move raised eyebrows all across basketball because AK47 signed for the mini mid-level exception of $3.18MM after turning down a player option for the Wolves worth $10MM+. I asked Kirilenko in a conference call earlier today if the whispers of a possible under-the-table agreement bothered him.

"I've been in these kinds of situations in my career when rumors happened when I've [changed teams] and you hear different kind of stories in the media," the Russian forward explained. "I can't do anything about what people think. You can't change it, so you can't control it."

During the call, Kirilenko spoke glowingly about the Nets and their potential to contend this season. However, he explained that he didn't walk away from Minnesota with an eye on Brooklyn. In fact, he said no to the one-year player option with the T-Wolves because he was seeking a multiyear pact with the club.

"I opted out not because I wanted to sign with the Nets. At that time, I wanted to be in Minnesota for a long time. But there was a change in Minnesota. I respect Flip Saunders' decision, but he decided not to sign me for a long time. I can’t do anything about that," said Kirilenko, who reportedly left the club in part because of David Kahn's departure.

Kirilenko wasn't specifically looking to play for the NBA's first Russian owner or to reunite with Deron Williams, but said both aspects appealed to him. While his decision to opt out cost him roughly $7MM this season, Kirilenko added that he has no regrets about how things played out. Ultimately, the former All-Star is thrilled to have a "legit chance" at winning a title, even if it leaves him a little lighter in the wallet.

Bucks Sign Nate Wolters

The Bucks have officially signed second-round pick Nate Wolters to a contract, the team announced today (Twitter link). Terms of the agreement aren't yet known, but the team has a good chunk of cap space left over after sending Brandon Jennings to Detroit, so Wolters could receive more than the minimum.

Wolters, 22, was part of a confusing series of draft-night trades that ultimately saw him picked 38th overall and dealt to the Bucks. The 6'5" guard spent four seasons at South Dakota State, averaging 22.3 PPG and 5.8 APG in 33 contests during his senior year. The Jared Karnes client will be part of an overhauled Milwaukee backcourt that includes Brandon Knight, O.J. Mayo, Gary Neal, and Luke Ridnour.