2016 February | Hoops Rumors

Heat To Sign Joe Johnson

February 26th, 2016 at 5:24pm CST by Chuck Myron

5:24pm: The Heat are expected to waive a player in the immediate future which will help them remain under the tax line after inking Johnson, Ira Winderman of The Sun Sentinel relays (on Twitter).

1:47pm: The Heat expect they’ll sign Joe Johnson this weekend, sources tell Zach Lowe of ESPN.com (Twitter links). He’s indeed headed to Miami, barring an unforeseen turn of events, as Ethan Skolnick of The Miami Herald confirms (on Twitter). The 15th-year veteran clears waivers Saturday. So, it appears Miami is poised to cross back into tax territory. The Heat would have to wait until March 6th to sign Johnson or anyone else to a minimum salary contract without putting themselves in line to pay repeat-offender tax penalties. Miami could work a buyout with another player to avert the tax or waive someone and hope another team claims him, though those scenarios rely on the cooperation of others. Failing any such tax escape hatch, a minimum-salary deal with Johnson would cost about $125K in taxes, $265K in salary and force the team to miss out on a $2.5MM windfall that would come from the league’s payout to non-tax teams, according to Bobby Marks of The Vertical on Yahoo Sports (Twitter link).

Adam Zagoria of SNY.tv first identified the Heat as the front-runners for Johnson earlier today, a reversal from last week, when Chris Haynes of the Northeast Ohio Media Group and the Cleveland Plain Dealer heard Johnson would sign with the Cavs if he worked a buyout with the Nets. Johnson received that buyout Thursday, reportedly giving up about $3MM in exchange for his release. The 34-year-old also apparently had serious interest in the Hawks, but instead it looks like he’s on his way to Miami, reportedly feeling as though he’d see a more significant role there than with other teams. Johnson would prefer living in Miami over other places, too, as Ohm Youngmisuk of ESPNNewYork heard (Twitter link). The Cavs reportedly turned into long shots for him, and Skolnick hears the Thunder and Hawks, not the Cavs, were the teams that most appealed to Johnson aside from the Heat (Twitter link).

Johnson will supplement a Heat roster decimated by injuries and cost-cutting moves that have left them with only 10 healthy players. Conflicting reports surround the matter of whether the Heat are pressuring Chris Bosh to sit out the rest of the season because of renewed blood-clot issues, while Tyler Johnson is out until at least April and Beno Udrih at least May. Heat team president Pat Riley cited the team’s dwindling point guard corps Thursday when he left the door open a crack to the idea of paying the tax, but Johnson is a wing player. He’s nonetheless the jewel of the buyout market even though his scoring average has declined for four straight years. The seven-time All-Star posted 11.8 points in 33.9 minutes per game across 57 appearances with Brooklyn this season. He’s shot 37.1% on his 3-pointers this season, matching the rate for his career, and that figures to help Miami, which is 28th in 3-pointers made.

The Heat have eyed Johnson for weeks, if not longer, as Skolnick reported earlier this month that the Heat would have interest if Johnson became available on the buyout market.

Rockets Waive Marcus Thornton

February 26th, 2016 at 3:48pm CST by Chuck Myron

3:48pm: The Rockets have officially waived Thornton, the team announced.

2:41pm: The Rockets will waive Marcus Thornton, agent Tony Dutt tells Mark Berman of Fox 26 Houston (Twitter link). The news is no surprise, as Dutt and the Rockets had been set to discuss the next step for the shooting guard who hasn’t played for Houston since the trade that was to send him to Detroit was voided Monday. The seventh-year veteran signed a one-year contract for the minimum salary in the offseason, but it’s unclear if he’s giving up any of that to secure his release. He’ll be eligible to join another team for the playoffs as long as Houston formally waives him no later than Tuesday.

Thornton averaged 10.0 points in 18.8 minutes per game for the Rockets, his first double-digit scoring average since notching 12.7 points a night with the Kings in 2012/13. He posted a career-high 18.7 points per game with Sacramento in 2011/12. The 28-year-old vented frustration in December with the up-and-down minutes he was seeing in Houston, but he still averaged more minutes than the 15.0 per game he saw last season with the Suns and Celtics.

The move will open a roster spot for the Rockets. They could wind up with two open spots if buyout talks with Ty Lawson result in a waiver. However, Joe Johnson, reportedly one of Houston’s targets, instead reportedly plans to sign with the Heat.

Dwight Howard Fires Agent Dan Fegan

February 26th, 2016 at 3:16pm CST by Chuck Myron

Dwight Howard has left agent Dan Fegan, reports USA Today’s Sam Amick (Twitter link). The Rockets center is widely expected to turn down his player option and hit free agency this summer. The center is earning $22,359,364 for this season and the value of his option for 2016/17 is $23,282,457. Howard has been interviewing replacements for Fegan lately, tweets Calvin Watkins of ESPN.com.

The Mavericks, who have close ties with Fegan, were one of the teams the Rockets spoke with about Howard before the trade deadline. Today’s news would appear to lessen the chances of Howard signing with Dallas as a free agent this summer, but that’s just my speculation. Fegan, who developed a reputation as an aggressive agent in part through his representation of Howard over the years, also counts DeMarcus Cousins, Ricky Rubio, soon-to-be free agent Courtney Lee and other notables among his clients. Kevin Martin is one of them, and the Rockets reportedly have interest in him if he works a buyout from the Timberwolves. Fegan’s profile has nonetheless taken some significant hits lately. He used to represent DeAndre Jordan, who notoriously spurned the Mavs this summer before splitting with the agent, and John Wall, who dropped him earlier this month.

Fegan and Houston were reportedly working in concert to try to find a trade partner for Howard before the deadline, but Fegan appeared to deny that, while Howard affirmed Fegan’s statement and said he didn’t ask the Rockets to trade him. Numerous teams were interested in Howard, though any deal would have been contingent on the big man agreeing to opt in for next season, something Howard wasn’t keen on, according to Marc Stein of ESPN.com. Aside from the Mavs, Houston was in touch with the Bulls, Hawks, Celtics, Hornets, Heat, Bucks and Raptors about Howard, according to multiple reports, but the market for him was apparently soft.

The 30-year-old has appeared in 47 games this season for the Rockets and is averaging 14.6 points, 12.0 rebounds and 1.5 blocks in 32.5 minutes per night. The big man’s numbers have suffered this season as his shots and touches are down, which is reportedly the source of some conflict between he and teammate James Harden. Both players have downplayed any reported tension.

Bryce Dejean-Jones Out For Season

February 26th, 2016 at 2:39pm CST by Chuck Myron

Bryce Dejean-Jones will miss the rest of the season for the Pelicans after surgery this morning on his broken right wrist, the team announced. Scott Kushner of The New Orleans Advocate reported Thursday that the former 10-day signee who’d ascended to the starting lineup would likely miss six to eight weeks, a timetable that put his return in serious jeopardy. The team re-signed him just last week to a three-year deal that includes a partial guarantee for next season.

Dejean-Jones started in 11 of the 14 appearances he made with the Pelicans after signing the first of two-day contracts January 21st. The 23-year-old shooting guard who went undrafted this past spring out of Iowa State averaged 5.6 points in 19.9 minutes per game and shot 12 for 32 from 3-point range.

Tyreke Evans and Quincy Pondexter have also suffered season-ending injuries, while Omer Asik is out for up to two weeks, as John Reid of The Times Picayune tweeted on Tuesday. The Pelicans already have a disabled player exception worth $1,691,012 for Pondexter, and while an another such exception isn’t a possibility, the Pelicans would qualify for a 16th roster spot via hardship if doctors determine Asik is likely to be out any longer, or if another long-term injury surfaces. Coach Alvin Gentry said Eric Gordon will return from his injury Saturday, as The Associated Press notes.

Heat Favorites For Joe Johnson, Cavs Long Shots

February 26th, 2016 at 1:40pm CST by Chuck Myron

1:40pm: The Heat expect they’ll sign Johnson this weekend, sources tell Zach Lowe of ESPN.com (Twitter link). He clears waivers Saturday. So, it appears Miami is poised to cross back into tax territory.

1:25pm: Miami is “far and away the most likely” destination for Johnson, but he’s yet to make up his mind, a league source said to Zagoria (Twitter link).

12:02pm: The Cavaliers have become long shots for Johnson, USA Today’s Jeff Zillgitt hears (Twitter link).

FRIDAY, 11:56am: Miami has pulled into the lead for Johnson, reports Adam Zagoria of SNY.tv (Twitter link), as the longtime starter believes he’d see a more significant role with the Heat than with others, ESPN’s Chris Broussard says (Twitter link). Heat president Pat Riley expressed at least some level of openness Thursday to re-entering tax territory, though he spoke specifically about the team’s lack of point guards.

THURSDAY, 4:20pm: The Cavaliers are confident that they’re the favorites to land Joe Johnson now that he’s worked a buyout with the Nets, but the Hawks, in whom Johnson also reportedly holds interest, plan a concerted effort to lure him back to Atlanta, reports Marc Stein of ESPN.com (All Twitter links). The Heat are also among the teams he’s strongly considering, with the Celtics and Thunder close behind the trio of Cleveland, Atlanta and Miami, sources tell Michael Scotto of SheridanHoops (Twitter link). Johnson appears likely to wait a couple of days before making a decision, Stein adds. He’ll be on waivers until Saturday at 4:00pm Central time, at which point he’ll most assuredly become a free agent, since no team has the cap room or an exception large enough to claim his salary of almost $24.895MM. Johnson will give back approximately $3MM of that figure as part of the buyout deal once he clears waivers, Nets GM Sean Marks said today in an appearance on The Michael Kay Show on ESPN New York radio, notes Mike Mazzeo of ESPNNewYork.com (Twitter link).

Johnson was reportedly planning to sign with the Cavs, but the Hawks have a financial edge, since Atlanta can offer a prorated portion of the room exception now worth about $2MM. Cleveland is limited to the prorated minimum salary, which would give Johnson approximately $400K. The cost of signing Johnson would nonetheless be greater to the Cavs than it would be to the Hawks because of Cleveland’s position as a luxury tax team. The 15th-year veteran would represent an investment of between $1.2MM and $1.3MM in combined salary and taxes for the Cavs.

Miami is in a tough position, since the Heat would slip over the tax line if they signed Johnson to any more than the minimum salary at any time before March 6th. The Heat would pay repeat-offender tax penalties of at least $2.50 for every dollar they’re over the tax line on the final day of the regular season. The Celtics, Rockets, Thunder and Raptors are all among those pursuing Johnson, according to Stein, and the Thunder have the most to give Johnson with about $2.4MM remaining on their prorated taxpayer’s mid-level exception.

The Nets clearly aren’t in the picture for Johnson at this point, but he wouldn’t dismiss the idea of re-signing with them in the summer, as he said before the buyout, and Marks didn’t rule out the possibility as he spoke on the radio today, Mazzeo tweets. “You never know what’s going to happen,” Marks said. Still, Johnson has also said he places a premium on winning, a remark that’s an auspicious sign for the Cavs in their competition with the Hawks and Heat and casts doubt on the idea of a summer reunion with Brooklyn.

Rockets, Thornton’s Reps To Meet; Buyout Coming?

February 26th, 2016 at 12:56pm CST by Chuck Myron

The Rockets plan to meet with representatives for Marcus Thornton today to figure out the next step for the veteran shooting guard who was to have gone to Detroit in last week’s vetoed trade, a source tells Calvin Watkins of ESPN.com, who raises the specter of the Rockets placing him on waivers (Twitter link). Thornton’s agent, Tony Dutt, confirmed to Mark Berman of Fox 26 Houston that he’ll meet with the team to discuss their options (Twitter link). Thornton is on a one-year contract for the minimum salary. The Rockets would like to keep Thornton, as well as fellow buyout candidate Ty Lawson, but the team will do what’s necessary to upgrade the roster, Watkins adds (on Twitter).

Houston has a full 15-man roster and only about $524K to spend beneath the hard cap it triggered with the offseason signings of K.J. McDaniels and Montrezl Harrell. Buyouts for Lawson, Thornton or both would give the Rockets no more than about $900K to spend on any one free agent, leaving the team at a financial disadvantage compared to some of the other suitors for Joe Johnson. Still, he’s far from the only player available, and if the Rockets open a roster spot, they could give out a minimum salary contract even if neither Lawson nor Thornton gives back any salary.

If the Rockets are going to cut the 28-year-old Thornton, he’d no doubt prefer that they do so before the end of Tuesday, the final day he can hit waivers and retain playoff eligibility. It’s unclear if Thornton wants the Rockets to release him one way or another. He expressed frustration in December about the inconsistency of his playing time, and his minutes have continued to fluctuate. Thornton hasn’t played since the Rockets put him into the failed trade, but he scored 18 points in 23 minutes on February 2nd and put up 15 points in a 25-minute appearance against the Warriors a week later. He’s averaging 10.0 points in 18.8 minutes per contest.

Southwest Notes: Dwight, Harden, Conley, Gasol

February 26th, 2016 at 11:09am CST by Chuck Myron

Dwight Howard said he’s OK with his role as a secondary offensive option behind James Harden, and while Howard described his relationship with his fellow Rockets star as a work in progress, the center said he has no issues with the shooting guard, relays Jonathan Feigen of the Houston Chronicle. Howard made his comments before the latest rumors of discord between him and Harden surfaced.

“People will say what they want to say. There’s no need for me and him to worry about that,” Howard said. “Our job is to grow and get better as a team and get better as individuals. I think me and James had a really good talk before the [All-Star] break. We’re more on the same page than we’ve ever been. I’m always going to have his back; pretty sure he’s always going to have my back. The biggest thing, which is always true in any situation, you always have to put your ego to the side and focus on what’s best for the team. When things don’t go well, it’s easy to point to the two guys that are leaders of the team. That’s understandable. We have to take the good with the bad. We have to come together to lead this team.”

See more from the Southwest Division:

Grizzlies executive VP of player personnel Ed Stefanski expressed confidence about the team’s ability to re-sign Mike Conley, said the team thinks Marc Gasol will have recovered from his broken foot in time for training camp and explained that the team’s belief that Courtney Lee would leave via free agency led the Grizzlies to trade him. Stefanski made his comments in an appearance on SiriusXM NBA Radio’s “The Starting Lineup” show (transcription in three Twitter links).
The question of whether the Grizzlies should pick up their $9.405MM team option on Lance Stephenson for next season doesn’t have an obvious answer, since he offers promise but doesn’t have a lengthy track record suggesting he’s worth that money, as Geoff Calkins, Ronald Tillery, Chris Herrington and David Williams of The Commercial Appeal debate.
Pelicans GM Dell Demps erred when he invested in ball-dominant guards and traditional centers instead of players equipped for the modern ball-movement game while shifting focus too far away from the draft and using the back end of the roster on journeymen instead of prospects, argues Christopher Reina of RealGM.

Financial Impact Of Deadline, Buyouts: Pacific

February 26th, 2016 at 9:59am CST by Chuck Myron

The effects of the trade deadline are still being felt around the NBA as teams work buyout deals, negotiate with new free agents and fill open roster spots. Hoops Rumors will be taking a team-by-team look at the financial ramifications not just of the deadline itself but of the post-deadline moves. After beginning earlier with a look at the Southwest Division, we’ll continue with the Pacific Division:

Clippers

The trade of Lance Stephenson for Jeff Green was fairly even in terms of raw salary, but the Clippers absorbed a projected tax hit that magnifies the $450K difference between Green’s salary and Stephenson’s. L.A. is more than $10MM over the $84.74MM tax threshold, so that $450K will cost two and a half times that amount in additional taxes, unless the Clips find some altogether unlikely means of trimming salary by the final day of the regular season. Thus, the trade represents an investment of an additional $1.575MM in combined payroll and taxes. Rookie Alex Stepheson‘s 10-day contract also costs, at the rate of $30,888 in salary and $139,305 in tax penalties on top of it, but even though the tax penalty would be the same for anyone else on a 10-day deal, his salary is $24,834 less than if the team had signed a long-tenured veteran, as it did earlier with Jeff Ayres.

Suns

The Suns earned some well-deserved praise for snagging a first-round pick in the trade that sent Markieff Morris to the Wizards, but they also reaped some financial flexibility that allowed them to pick up an intriguing asset after the trade. Phoenix created a $1.56MM trade exception for the difference between the $8MM salary of Morris and the combined $6.44MM that Kris Humphries ($4.44MM) and DeJuan Blair ($2MM) make. The Suns used that exception to claim John Jenkins off waivers from the Mavericks, thus snagging a former No. 23 pick who has a favorable contract and averaged 19.7 points per game in the preseason this past fall. Jenkins has two years left on his contract after this season, and both call for non-guaranteed minimum salaries, meaning he has no long-term cost if he doesn’t pan out and a low cost if he does. Phoenix also signed Phil Pressey to a 10-day contract worth $55,722, but the Suns still have a lower payroll for this season than they did before the deadline. They also erased $7.4MM from next year’s guaranteed salary commitments and a combined $16.6MM for the two seasons after that, since Humphries and Blair are on de facto expiring contracts. That made it palatable for the Suns to eat the rest of Blair’s salary for this season when they waived him.

Warriors

Golden State dared to tinker with a roster that’s in the midst of the most successful season in NBA history so far, waiving little-used Jason Thompson to make room for a prorated minimum-salary contract for Anderson Varejao. That Varejao deal costs $289,755 in salary and $724,388 in projected tax penalties, so it represents an investment of more than $1MM. The Warriors nonetheless minimized the effects on next year’s payroll with the use of the stretch provision. It was much too late to stretch any of Thompson’s nearly $6.909MM salary for this season, but Golden State turned the $2.65MM partial guarantee on his 2016/17 pay into equal $883,333 installments for each of the next three seasons. That drops Golden State’s guaranteed salary commitments for the summer ahead from close to $74.752MM to about $72.985MM, an incremental difference that could nonetheless be meaningful to the team’s pursuit of Kevin Durant.

Kings

Sacramento, despite no shortage of rumors, didn’t make any roster moves in February, though Caron Butler is reportedly a buyout candidate.

Lakers

Like the Kings, the Lakers have stood pat so far through the deadline and buyout season.

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Southeast Notes: Riley, Johnson, Anderson

February 26th, 2016 at 8:59am CST by Chuck Myron

Heat president Pat Riley acknowledged that injuries that have left the team with only 10 healthy players could prompt the team to change its tax-related stance against making a signing in the next two weeks, observes Ira Winderman of the Sun Sentinel. The Heat can’t sign anyone until March 6th without crossing the tax threshold, and Riley has said his plan is to wait even longer so Miami can fill both of its open roster spots before season’s end.

“We have our limitations financially as far as what we can do and how much and there’s a certain date,” Riley said. “But obviously being down another point guard, we may have to rethink that. But right now, that’s not a priority.”

Miami is reportedly among the contenders for Joe Johnson and would have interest in Kevin Martin if Johnson signs elsewhere. See more from the Southeast Division:

Johnson would be a cheap addition for the Hawks who would fill a need for scoring and help on the wing, where Kyle Korver and Kent Bazemore have struggled, but he doesn’t seem like a fit within Atlanta’s offense, opines Jeff Schultz of the Atlanta Journal-Constitution, who questions whether Johnson would accept a secondary role.
Alan Anderson surprised himself with his performance Wednesday in his first game with the Wizards after injury knocked him out for most of the season, as J. Michael of CSN Mid-Atlantic relays. Anderson, who signed a one-year, $4MM deal in the summer, led the team in plus/minus at plus 11, Michael notes. “He’s going to be competitive. He’s going to play with a chip on his shoulder, an edge. He’s always one of those physical players out there. He did one heck of a job for his first game back,” John Wall said. “His defensive pressure, intensity, his talking out there, made some big shots for us to get us back into the game. Once he gets his wind [back], he’s going to be great for us. That’s the reason we wanted him on our team.”
Soon-to-be free agent Hassan Whiteside‘s value depends on the eye of the beholder, as some teams would probably jump at adding him for the eye-popping production he delivers while others wouldn’t tolerate his mistakes, writes Rob Mahoney of SI.com, who details the Heat big man’s strengths and limitations.

Harden Wanted McHale Fired, Dwight Traded?

February 26th, 2016 at 7:41am CST by Chuck Myron

FRIDAY, 7:41am: Harden never demanded a coaching change or that Howard be traded, Rockets CEO Tad Brown insisted Thursday to Jonathan Feigen of the Houston Chronicle.

THURSDAY, 2:37pm: James Harden “angled” for the Rockets to trade Dwight Howard before the deadline and pressured the team to fire Kevin McHale earlier this season, multiple league sources tell Ken Berger of CBSSports.com. However, multiple sources told Calvin Watkins of ESPN.com that neither Harden nor Howard asked Rockets brass to change coaches, and Watkins portrays the idea of tension between Harden and Howard as overblown. Houston fired McHale after a 4-7 start but didn’t trade Howard, who’s poised to opt out and is widely expected to leave in free agency this summer, according to Berger.

“I don’t know what the perception is; the reality is we get along and we want to win,” Harden said to Watkins, speaking about Howard.

Harden has reportedly irked some of his teammates with his play and aloof nature at times, though he and Howard appeared upbeat following a players-only meeting that preceded McHale’s ouster. However, rumors have long followed the relationship between the Rockets stars. The respective camps for Harden and Howard went into the 2014 offseason “whispering” about their desire that the other be traded, according to Fran Blinebury of NBA.com. Howard has repeatedly denied a December 2015 report that he’s “extremely unhappy” playing a supporting role behind Harden, who takes nearly twice as many shots.

Rockets GM Daryl Morey said he never came close to trading Howard, but Morey and agent Dan Fegan were reportedly making a strong effort to find a new team for him in the hours leading up to last week’s deadline. Houston was in touch with the Mavericks, Bulls, Hawks, Celtics,Hornets, Heat, Bucks and Raptors about Howard as it sought to engage in trade talks about the former All-Star center, according to multiple reports, but the market for him was apparently soft.

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