Month: November 2024

Dwyane Wade, Chris Bosh Opt Out

SUNDAY, 4:05pm: Pat Riley was informed today by agent Henry Thomas that Bosh is exercising his early termination option and will become an unrestricted free agent, Jeff Zillgitt of USA Today reports (Twitter link).

5:28pm: Bosh is “on the verge” of opting out, and will do so before the deadline on Monday, tweets Ira Winderman of The Sun Sentinel.

3:18pm: Bosh has not yet decided whether he’ll opt out or not, his agent tells David Aldridge of TNT (Twitter link).

SATURDAY, 2:37pm: Dwyane Wade and Chris Bosh will opt out of their current deals and enter free agency this summer, according to Tim Reynolds of The Associated Press and Chris Broussard of ESPN (Twitter links). Wade and Bosh become the latest members of Miami to opt out of their deals, following news that LeBron James and Udonis Haslem had done the same.

Wade’s decision to exercise his early termination option and pass on the final two years of his deal means that he’ll forfeit over $41.8MM in guaranteed salary. He’s unlikely to garner an offer worth a higher annual value in free agency, given his age and concerns about his health.

Bosh, who’s sacrificing a guaranteed $42.6MM, will likely be able to fetch a higher salary than Wade, and Broussard hears the big man is seeking a five-year pact worth $15-$16MM per year. Such a deal would be worth less than what Bosh would have made had he chosen not to opt out.

The duo’s motivation to sacrifice so much money is a result of their desire to make a future work with LeBron, who’s seeking a max contract, sources tell Adrian Wojnarowski of Yahoo! Sports. Although LeBron’s priority remains to find a way to make a future work with Miami, a failure by the organization toward improving their roster to his satisfaction could mean the four-time MVP leaves Miami, says Wojnarowski.

If the Heat renounce the Bird Rights of their free agents, they will have a record $55MM in cap room this summer, with only Norris Cole‘s contract guaranteed on the books next season. To no surprise, Pat Riley has already confirmed to reporters, including Jason Lieser of the Palm Beach Post, that he hopes to bring back Wade and Haslem for the 2014/15 campaign (Twitter link).

Hoops Rumors Originals

Here’s a look at the original reporting and analysis generated by the Hoops Rumors staff this week..

  • Zach Links checked out the offseason outlook for the Pacers.
  • During his weekly chat, Chuck Myron answered reader questions.
  • Zach looked at the offseason outlook for the Sixers.
  • In the latest addition to our Prospect Profile Series, Zach interviewed Leslie McDonald.
  • Chuck Myron took a look at the schedule of contract guarantee dates.
  • Alex Lee updated his Mock Draft with version 4.0.
  • We released a Primer for the 2014 NBA Draft.
  • Zach Links profiled and interviewed James Michael McAdoo.
  • Zach looked at the offseason outlook for the Thunder.
  • Eddie Scarito hosted a special draft night live chat.
  • Chuck gave us a refresher in the salaries for 2014 first-round draft picks.
  • If you missed our profile of the offseason ahead for any team, here’s a link to each entry in our Offseason Outlook Series.
  • Eddie Scarito handed out draft grades to the Atlantic, Central, and Pacific Divisions.

Kings Release Willie Reed

SUNDAY, 2:46pm: The team officially announced the move via a press release.

SATURDAY,11:11am: The Kings have released Willie Reed, league sources tell Shams Charania of RealGm. Reed will catch on with the Pacers summer league squad, though that does not necessarily mean that he is in line for a look as a roster addition in Indiana.

Reed spent most of last year in the D-League before Sacramento signed him to a pro-rated contract late in the season. The power forward didn’t play a single minute for the Kings, signed more as an asset for Sacramento’s D-League affiliate.

The Bell Management International client has never seen NBA action. He earned $102,089 on his deal with the Kings, and the nonguaranteed salary they waived for the upcoming season would have been $915,243. He had a similar experience as a late-season addition to the Grizzlies in 2012/13, where he was never utilized before eventually being released by Memphis.

Eastern Notes: Sixers, Pistons, Nets

Sixers fans need to prepare themselves for another tough season of rebuilding, writes Tom Moore of Calkins Media. Moore opines that while GM Sam Hinkie‘s draft strategy could pay off in the long term, the franchise isn’t currently much improved over last season.

More from the east:

  • If not for his season ending injury, Spencer Dinwiddie was a likely lottery selection. Vince Ellis of The Detroit Free Press looks at what the newest Piston will bring to the court.
  • The Pistons won’t be looking at the top names when the free agency period begins, writes Ellis in a separate article. Team president and coach Stan Van Gundy said, “Guys that aren’t going to be the big names, but we think have a chance to make a big contribution, those are guys that will be our main focus. We have too many needs — even at $13.5 million (cap space) — with what’s on the list, we think spending that kind of money on one guy and leaving all the other things for minimum guys based on who’s on the list, we think that would be a mistake.
  • According to Mitch Lawrence of The New York Daily News, the Nets will be better off without Jason Kidd as their coach.

Week In Review: 6/23/14-6/29/14

What a week it was in the NBA. The 2014 NBA Draft is officially in the books. When the dust settled and the last pick was made, there were a lot less trades than anticipated, Andrew Wiggins was the top pick, Joel Embiid didn’t fall out of the top three as rumored, and the talk of the Sixers tanking in 2014/15 began anew. Here’s more from the week that was..

Draft Grades: Northwest Division

With the 2014 NBA Draft officially in the books, it’s time to take a look back and see how each team used the draft to make improvements and fill needs. I’ve already run down the picks for the Atlantic, Central, and Pacific Divisions. We’ll continue on with a look at the Northwest Division:

Denver Nuggets

Team Needs: Frontcourt Depth, Shooting Guard, Point Guard

Draft Picks:

  •  No. 16 Jusuf Nurkic (Center)*
  • No.19 Gary Harris (Shooting Guard)*
  • No. 41 Nikola Jokic (Center)

*Acquired from Bulls in trade for 11th overall pick (Doug McDermott).

The biggest news for the Nuggets on draft day was the trade for Arron Afflalo, which added a much-needed outside shooter to the team’s lineup. Denver then decided to turn their one first-rounder into two by trading with the Bulls, who snatched up McDermott.

The Nuggets used two of their selections on foreign born big men, neither of whom is expected to play in the league next season. Nurkic is huge, as well as being a skilled post player. If he can stay healthy and continue to develop, he could be an impact player in a few years. Jokic is also talented, but extremely raw. Jokic is more of an outside shooter at this point, and needs to add bulk and improve his rebounding and defense if he wants to make it in the NBA.

I like the selection of Harris, but with the trade for Afflalo, he becomes a luxury pick instead of a need. Harris was mentioned as a potential lottery pick by most scouts, so he’s a definite value selection at No. 19. Harris slid because of his size, but he is one of the more polished two-way players in the draft, and his defense will earn him minutes immediately.

Overall Draft Grade:  B —I like the Nuggets turning their one first round pick into two. The selection of Harris was a definite value add, and Jokic was a decent selection, considering what else was available at that spot. Nurkic could turn out to be a good player down the line, but the team did pass on the chance to nab McDermott, Zach LaVine, T.J. Warren, and Adreian Payne by making the trade. All those players could have a much higher ceiling than Nurkic or Harris.

Minnesota Timberwolves

Team Needs: Small Forward, Power Forward, Point Guard

Draft Picks:

  •  No. 13 Zach LaVine (Shooting Guard)
  • No. 40 Glenn Robinson III (Small Forward)

*Traded 44th overall pick to Nets for cash.
**Traded 53rd pick to Rockets for cash.

The Wolves certainly got more athletic on draft night. LaVine is an intriguing prospect who could turn out to be a bargain at that spot. He’s very raw and doesn’t have a defined position yet. He’s been compared to Russell Westbrook quite a bit when scouts discuss his potential. He can play the point, but it’s not his natural position. He’ll likely begin his career at shooting guard, potentially taking some of the ball handling duties on the second team. LaVine has a ways to go, but he’s a freak athlete who has star potential, though he isn’t guaranteed to fully realize all those physical tools.

Robinson is a very raw talent who will need some serious D-League time his first season, but he has the potential to develop into a very useful reserve. I really like this pick, and a good value at No. 40, especially since some experts had Robinson potentially sneaking into the end of the first round.

Overall Draft Grade:  B- —The Timberwolves need players that who contribute right away. Not sure that either of these selections fits that bill, but in a couple of years, if both selections live up to their potential, this draft could be looked back at rather fondly.

Oklahoma City Thunder

Team Needs: Swingman, Point Guard, Size

Draft Picks:

*Acquired via trade with Hornets via Heat.

I can almost swear that the team did this same draft last year when they selected Steven Adams and Andre Roberson. Either the Thunder were very happy with how that worked out, or they figured they needed more of the same.

This isn’t a knock against taking McGary, a player that has a much higher upside than Adams. If his back is OK, he’ll be an immediate contributor. McGary would have been selected much higher if he entered last year’s draft, but an injury-shortened season that also saw him facing a suspension for marijuana use lowered his stock. The Thunder should be very happy with his mixture of athleticism, passing, and offensive potential. He could be a starter by year two.

Huestis is a scrappy player who plays tough defense but doesn’t project to be a regular rotation player. He’ll make a nice 11th or 12th man, but there were better options on the board at the same position. Christon is a project who will need D-League time before he can hope to contribute at the NBA level.

Overall Draft Grade:   C+ —The Thunder got some value with the McGary pick, who if healthy can be an immediate contributor. I’m not a fan of the Huestis pick, especially considering that Kyle Anderson, K.J. McDaniels, and Cleanthony Early were all on the board at the time.

Portland Trailblazers

Team Needs: Center, Defense, Depth

Draft Picks:

  • No picks

The Blazers had traded their first rounder as part of the Gerald Wallace deal a few years back. The fact that he’s not on the team and they don’t have much to show in return has to hurt a bit, but the presence of Damian Lillard is more than a decent consolation prize. Granted, there weren’t any franchise changing players available at No. 24, but there were still a few useful pieces the team could have chosen from.

Overall Draft Grade:  D- —Trading your first round pick is always a risky proposition, and the team has nothing from that trade that will help the franchise next season, other than Lillard, who was acquired in a follow-up swap. The team better hope C.J. McCollum improves in his second year, otherwise it will be status quo in Rip City.

Utah Jazz

Team Needs: Small Forward, Power Forward, Point Guard

Draft Picks:

Despite not having a shot to take their dream player in Jabari Parker, you have to really like what the Jazz were able to accomplish on draft night. Exum was being discussed as a potential top-3 pick, and having him slip to the Jazz at No. 5 was a win. The book is still out on Exum, and it has to be seen how he will handle the much-tougher NBA competition. But physically and athletically, Exum has the makings of a star.

He will most likely begin his career as a shooting guard, playing alongside last year’s top pick, Trey Burke. But Burke’s lack of elite athleticism and speed might force the team to transition to Exum at the point. Wherever he ends up playing, Utah is gambling that he’ll be a top-10 player in the league in a few years. Exum could make the Magic kick themselves for passing over him to nab Aaron Gordon.

Hood at No. 23 was a tremendous value, and he has the potential to become a productive starting player. The Jazz will benefit from Hood’s ability to drain it from deep, and if he can develop into a better defender and rebounder, Hood will end up being a steal for the franchise.

Overall Draft Grade:  A —The Jazz came away with two potential starters, both of whom should see plenty of minutes next season. This could become the draft that gets the franchise turned around. Jazz fans have a lot to be excited about going into next season.

Western Notes: Lakers, Parsons, Honeycutt

If they are unable to land Carmelo Anthony or LeBron James, the Lakers are also expected to have a strong interest in Wizards free-agent forward Trevor Ariza, Raptors guard Kyle Lowry, Pistons center Greg Monroe, and Suns forward Channing Frye, according to Ramona Shelburne of ESPNLosAngeles.com.

More from out west:

  • Potential suitors are beginning to line up now that the Rockets have declined their team option on Chandler Parsons. Teams that are potentially interested in pursuing Parsons are the Timberwolves, Bulls, Mavericks, and Lakers, reports Marc J. Spears of Yahoo! Sports. Houston will have the opportunity to match any offer sheet that Parsons signs.
  • Spears also notes that if the Timberwolves aren’t able to work out a trade that sends Kevin Love to the Warriors for Klay Thompson, then Minnesota might attempt to work out a sign-and-trade deal with the Rockets for Parsons.
  • Former NBA player, Tyler Honeycutt is weighing overseas offers versus making an NBA comeback, reports David Pick of Eurobasket (Twitter link). He has already auditioned for the Jazz, Rockets and Warriors.

And-Ones: Hinkie, Anthony, Jazz

Many NBA stars are having discussions of teaming up now and in the future, Alex Kennedy of Basketball Insiders tweets. Here’s more from around the NBA:

  • Bob Ford of The Philadelphia Inquirer details how Sixers GM Sam Hinkie pounced on the Magic‘s needs by drafting Elfrid Payton at No. 10 and then trading him to Orlando, receiving back the 2015 first-rounder Philadelphia owed to the Magic.
  • A Knicks player that recently spoke with Carmelo Anthony told Marc Berman of The New York Post that the star forward gave no indication of leaving New York.
  • The Jazz will most likely let 2013 draft pick Raul Neto spend another year developing overseas, reports Jody Genessy of Deseret News.
  • Utah has yet to decide what to do with 2008 draft selection Ante Tomic, per Genessy. The Jazz could buy out his overseas contract and bring the center over to contribute this season, trade his rights, or simply wait another year.
  • Joseph Goodman of The Miami Herald tweets that Ray Allen is still in the Heat‘s plans going forward. Allen has been leaning toward returning to play another year alongside LeBron James.

Latest On Jason Kidd

The Bucks offered no comment to David Aldridge of NBA.com regarding the Jason Kidd bombshell (Twitter link), but there is plenty of chatter elsewhere. Here’s the latest:

  • Kidd’s demands for the Nets were about more than gaining control, a source tells Adrian Wojnarowski of Yahoo! Sports (Twitter link). The first-year coach was miffed at the salary figures first-time coach hires have been bringing in, especially the contract Derek Fisher received. The Knicks are paying Fisher $4MM in guaranteed salary per year, substantially more than what Kidd earns.
  • Michael Lee of The Washington Post points out (on Twitter) that Kidd’s total earnings as a player dwarf those of Steve Kerr and Fisher.
  • Wojnarowski confirms that it is unlikely Kidd will remain with Brooklyn in any scenario (via Twitter). While the Yahoo! scribe’s source says GM Billy King is somewhat forgiving, ownership would not be open to keeping Kidd around.
  • A source tells Wojnarowski that a realistic compensation package from the Bucks to the Nets would be “a bunch of second-round picks” (Twitter link).
  • Mark Jackson‘s name is coming up in the Nets front office as a potential replacement for Kidd, reports Ohm Youngmisuk ESPNNewYork.com (via Twitter).
  • Howard Beck of Bleacher Report tweets that Lionel Hollins and George Karl would also draw interest from Brooklyn for a coaching vacancy.
  • Lawrence Frank would not be a candidate to replace Kidd, tweets Sam Amick of USA Today.

Western Notes: Love, Wolves, Grizzlies

Kevin Love, Klay Thompson, and David Lee will attend Team USA training camp starting on July 27, and Darren Wolfson of 1500 ESPN Twin Cities tweets that he thinks the Wolves and Warriors view that date as an unofficial deadline to complete a trade involving those players. Here’s more from out West:

  • Flip Saunders defended the Wolves‘ choice to sell two second round draft picks to Jerry Zgoda of The Star Tribune, saying the moves don’t signify a lack of commitment to winning at all costs. “If you don’t have a player who you think will be in your program, I’m not going to draft somebody just to say we drafted him,” said Saunders. “When I look at our salary cap, we’re up in the high [$60 millions] and, I think, last year were the highest salary-cap team that didn’t make the playoffs. I look at the commitment that [owner Glen Taylor] has made last year and moving forward, we’re committed to winning. Those picks had nothing to do with trying to get money.” Saunders’ assertion is incorrect: the Knicks, Celtics, and Lakers all had higher team salaries than Minnesota and did not make the playoffs.
  • Unrestricted free agents James Johnson and Beno Udrih appear unlikely to re-sign with the Grizzlies, writes Ronald Tillery of Commercial Appeal.
  • However, the Grizzlies are poised to make a strong pitch for free agent Mike Miller to re-sign with the team, the Commercial Appeal scribe reports.
  • Tillery adds that Memphis is likely to retain Kosta Koufos‘s partially-guaranteed $3MM contract for 2014/15.