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Central Notes: Sumner, Jefferson, Grand Rapids

June 30th, 2017 at 6:58pm CST by Austin Kent

The Pacers drafted a pair of injured prospects earlier this month but it wasn’t an oversight, Nate Taylor of the Indianapolis Star writes. By taking a chance on the heralded but sidelined NCAA stars, president of basketball operations Kevin Pritchard was able to get his hands on two quality projects at a bargain rate.

“They don’t want me to rush back,” Edmond Sumner, the point guard out of Xavier said of his new club. “They just want me to get healthy. That’s the main priority right now, just getting healthy. I’m not going to rush.”

Considering that the franchise is at the beginning of a rebuild, they stand to benefit from any young talent they can amass. Ike Anigbogu is the second of Indiana’s intriguing second-rounders.

There’s more from the Central Division:

  • A former business manager of Richard Jefferson has been indicted of fraud, Billy Heyen of Cleveland.com writes. The manager stole $7MM from the Cavaliers veteran after forging Jefferson’s signature and illegally establishing power of attorney over his finances.
  • A Detroit city council proposal that would earmark the income tax of NBA players for a neighborhood fund has hit a speed bump, Ben Solis of MLive writes. The proposed fund is estimated to collect $1.3MM annually from Pistons players, their opponents and team personnel.
  • The Pistons and their G League affiliate, the Grand Rapids Drive, have agreed on a two-year extension, the team has announced in a press release. They’ve also named Rob Werdann their new head coach.
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Knicks Unlikely To Bring Back Rose

June 30th, 2017 at 5:33pm CST by Austin Kent

The Knicks are unlikely to bring point guard Derrick Rose back for another season in New York, Stefan Bondy of the New York Daily News writes, citing a pair of sources close to the team.

While a reunion seemed a distinct possibility when Phil Jackson was president of the organization, that’s not the case now. Although Rose fared reasonably well in his first year with the Knicks, his suspect defense, chronic injury concerns and that infamous disappearing act last January have all limited his stock.

Bondy adds that the Knicks are high on backup point guard Ron Baker, although he won’t likely suffice as a starter until first-round pick Frank Ntilikina adjusts to the NBA and takes the reins.

Of course there are plenty of big name point guards available through free agency this summer, including Kyle Lowry, Jeff Teague and George Hill. Alex Kennedy of Basketball Insiders tweets that the franchise has considered moving Courtney Lee in order to free up cap room to make a pitch.

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Spurs Prep $9MM Offer For RFA Simmons

June 30th, 2017 at 5:08pm CST by Austin Kent

The Spurs are said to be preparing an offer for restricted free agent Jonathon Simmons worth $9MM per year, Marc Stein of ESPN tweets.

Earlier today, Kevin Arnovitz of ESPN said that it initially looked as though the Spurs would likely lose Simmons to free agency. Now, possibly because of the package Stein made reference to, there’s a decent chance he stays in San Antonio.

It’s not clear what exactly Simmons would attract on the open market. While his value has inevitably increased after playing a role in Gregg Popovich‘s rotation, he presents as little more than a solid perimeter defender that averaged 12.5 points per 36 minutes. That hasn’t stopped NBA teams from reaching deep into the piggybank in the past, however.

Jabari Young of the San Antonio Express-News has added his voice to the conversation, suggesting that Simmons is very unlikely to jump at just any Spurs offer, preferring instead to seek out a deal and give San Antonio the opportunity to match.

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Wolves Target Teague Among Other PG Options

June 30th, 2017 at 4:58pm CST by Austin Kent

Immediately after trading Ricky Rubio to the Jazz for a first-round pick, the Timberwolves have made Jeff Teague their favorite target available, Sam Amick of USA Today writes.

Of course that doesn’t necessarily mean the interest is mutual but there’s reason to believe that Minnesota has a pretty good idea of who their starting point guard will be in 2017/18.

Per Josh Lewenberg of TSN, the Timberwolves wouldn’t make the Rubio trade without knowing who their replacement would be. He speculates that it could be Kyle Lowry but notes that it would make more sense for the club to pursue Teague or George Hill.

If the decision did come between Teague and Lowry, Darren Wolfson of 5 Eyewitness News suggests that the 29-year-old Teague could have the upper hand over his 31-year-old counterpart with the flexibility to offer a shorter deal so that the Wolves could save money.

Another option that has been floated by Chris Mannix of Yahoo Sports is Rajon Rondo. Mannix notes that T-Wolves head coach Tom Thibodeau saw the best of Rondo during his stint with the Celtics.

As of now, ESPN’s Jeff Goodman notes, the only point guard on Minnesota’s roster is Tyus Jones

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Five Key Stories: 6/24/17 – 6/30/17

June 30th, 2017 at 4:40pm CST by Joshua Fischman

Here are some of the most noteworthy stories from the last week at Hoops Rumors:

Chris Paul was traded to the Rockets. In the blockbuster trade, the Clippers will receive Patrick Beverley, Sam Dekker, Lou Williams, Montrezl Harrell, DeAndre Liggins, Darrun Hilliard, Kyle Wiltjer, and $661K in cash (the amount to which Paul agreed to reduce his trade bonus) and a 2018 first-round pick. The Rockets had been rumored to aggressively pursue CP3 as a free agent signing, but Houston landed its man before the free agency period even began. Since Paul opted into the final year of his contract before the trade, the perennial all-star point guard will become a free agent next offseason. Whether it lasts beyond a single season, Paul and Harden are poised to combine for a lethal backcourt combination in 2017/18.

NBA: Playoffs-Houston Rockets at Los Angeles Clippers

The Knicks have officially parted ways with Phil Jackson. The team’s statement described the departure as a mutual decision. If the two sides did not reach some sort of buyout agreement, the Knicks still owe Jackson a reported $24MM for the final two years of his contract. Jackson had been the Knicks’ team president since March of 2014. GM Steve Mills will run the team until a replacement is named.

Ricky Rubio was traded to the Jazz for a first-round pick. The pick the Timberwolves will receive is Top-14 protected and originally from OKC. The deal is done and awaiting league approval.

Russell Westbrook was named Most Valuable Player for the 2016/17 season. The other award winners were Defensive Player of the Year Draymond Green, Rookie of the Year Malcolm Brogdon, Sixth Man of the Year Eric Gordon, Most Improved Player Giannis Antetokounmpo, and Coach of the Year Mike D’Antoni. The award winners were announced live on TNT during a two-hour special.The All-Defensive and All-Rookie teams were revealed earlier the same day.

Hornets executive Chad Buchanan will be the Pacers’ new general manager. The Pacers had had a vacancy at GM since May when Kevin Pritchard was promoted to president to replace Larry Bird, who resigned as team president. Buchanan had served as assistant GM under Rich Cho in Charlotte and will now report to Pritchard.

Ten More Stories

 

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Wolves Trade Rubio To Jazz For First-Round Pick

June 30th, 2017 at 4:16pm CST by Austin Kent

4:22pm: The Jazz are able to absorb Rubio’s $13.6MM contract today, but only today. As of tomorrow, the official start of the 2017/18 campaign, a Rudy Gobert raise coupled with some cap holds would push Utah’s payroll higher.

4:16pm: Jon Krawczynski of the Associated Press has tweeted that the deal is done and awaiting league approval. The 2018 first-rounder from OKC will be Top-14 protected, ESPN’s Marc Stein says.

4:05pm: Jody Genessey of the Deseret News has relayed a report from Zone Sports Networks’ Spencer Checketts that Utah will send Oklahoma City’s first-round pick to Minnesota in exchange for Rubio.

4:00pm: Tony Jones of the Salt Lake Tribune tweets that the Rubio trade “is happening”, noting that the deal is close to being done. It hasn’t, however, been formally confirmed yet.

3:45pm: The Jazz and Timberwolves are actively discussing a deal in which Ricky Rubio would head to Utah, Shams Charania of The Vertical tweets.

It’s unclear what would be heading back to Minnesota in the exchange but the news that Rubio could be on the move isn’t exactly groundbreaking. Despite the fact that the Timberwolves have already traded away two point guards this month, Rubio’s name has been a mainstay in trade rumors since the Wolves drafted Kris Dunn last June.

Much can and has been inferred from the news of these ongoing Rubio negotiations. Zach Lowe of ESPN tweets that this could mean George Hill will be unlikely to return to Utah. If nothing else, he adds, it will give the team leverage in contract negotiations with the 31-year-old.

The deal also lends credence to a theory that the Timberwolves could be serious contenders to pursue Kyle Lowry. Tim Bontemps of the Washington Post echoed the sentiments of The Athletic’s Eric Koreen suggesting as much shortly after the negotiations were made public.

In a separate tweet, Eric Koreen says that, Minnesota unloading Rubio, coupled with revoking the Shabazz Muhammad‘s qualifying offer would free up about $32MM for the organization.

 

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Sixers Waive Gerald Henderson

June 30th, 2017 at 4:13pm CST by Austin Kent

The Sixers have waived Gerald Henderson,  Sam Amico of AmicoHoops tweets. The eight-year veteran averaged 9.2 points in 72 games for Philadelphia last season.

Per TNT’s David Aldridge, Henderson’s contract worth $9MM in 2017/18 would have become guaranteed had he remained on the roster through the day. Instead Derek Bodner of The Ringer writes that the Sixers will merely be hit with a $1MM cap hold.

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Hawks Waive Mike Dunleavy Jr.

June 30th, 2017 at 4:10pm CST by Luke Adams

4:10pm: The Hawks have formally waived Dunleavy Jr., Chris Vivlamore of the Atlanta Journal-Constitution tweets.

12:56pm: Mike Dunleavy Jr. appears likely to hit the free agent market in the coming days, reports Chris Vivlamore of The Atlanta Journal-Constitution (Twitter link). According to Vivlamore, indications are that the Hawks will waive Dunleavy before his 2017/18 salary becomes fully guaranteed.

Dunleavy is heading into the final year of his current contract, but his $5,175,000 salary is only partially guaranteed for $1,662,500, per Basketball Insiders. Atlanta would avoid being on the hook for the remaining $3.5MM+ by cutting Dunleavy before it becomes guaranteed on July 1.

Acquired by the Cavaliers in a trade last July, Dunleavy was subsequently flipped to the Hawks in a mid-season deal for Kyle Korver. In 30 games with Atlanta, the veteran swingman continued to show off his sharpshooting ability, making 42.9% of his three-point attempts, though his role with the club was limited.

Darren Wolfson of 5 Eyewitness News reported earlier today that Dunleavy is on the Timberwolves’ radar as a possible free agent addition. When a Twitter follower pointed out that the 36-year-old is still under contract, Wolfson replied, “Let’s just say he’s available.”

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Bulls Waive Rondo, Canaan

June 30th, 2017 at 3:54pm CST by Austin Kent

The Bulls have waived Rajon Rondo and Isaiah Canaan, Jeff Goodman of ESPN tweets. The news, at least as far as Rondo is concerned, comes as no surprise.

Earlier we wrote about how today was the deadline for the Bulls to part ways with the veteran guard, lest the organization hang on to him and be on the hook for an extra $10MM in guaranteed money.

As Chris Mannix of Yahoo Sports writes, Rondo’s impressive last season surge did wonders for his value but an injury in the postseason, coupled with the Bulls’ change in direction post-Jimmy Butler, have spelled the end to his brief tenure in Chicago.

Per Mannix, Rondo may need to wait until much of the initial free agency period dust settles before he  can lock down a deal with another ball club.

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Pelicans Strong Favorites To Re-Sign Jrue Holiday

June 30th, 2017 at 3:11pm CST by Luke Adams

3:11pm: Holiday’s plan is to sleep on his decision tonight after meeting with the Pelicans, according to Ramona Shelburne of ESPN.com, who tweets that if the point guard decides he wants to hear more pitches, he’ll line them up later.

TNT’s David Aldridge confirms (via Twitter) that Holiday expects to decide one way or another on New Orleans’ offer on Saturday, adding that there are three other teams in serious pursuit of the 27-year-old.

JUNE 30, 11:11am: There’s “growing optimism” that the Pelicans will re-sign Holiday, tweets Scott Kushner of The Advocate. Marc Stein of ESPN.com (Twitter links) expresses a similar sentiment, reporting that other teams with interest in Holiday are starting to believe he’ll quickly re-sign with New Orleans on a new five-year deal.

Holiday’s bond with the Pelicans is strong after the way the organization supported him during a family crisis last fall, Stein notes.

JUNE 29, 1:29pm: Re-signing free agent point guard Jrue Holiday is the Pelicans’ top priority this weekend, and Holiday will meet with the team when the new league year opens on Saturday, according to Adrian Wojnarowski of The Vertical. If Holiday is unable to reach an agreement with New Orleans during that meeting, he plans on sitting down with other interested teams during the first 48 hours of free agency, Wojnarowski reports.

As Sean Deveney of The Sporting News details, the point guard market is crowded with other free agents (such as George Hill, Kyle Lowry, and Jeff Teague) and potential trade candidates (Ricky Rubio and Eric Bledsoe). Additionally, some of Holiday’s potential suitors are now out of the running or have likely seen their interest decline significantly due to a slew of recent moves around the NBA.

For instance, the Nets, Sixers, and Mavericks were viewed as possible suitors for Holiday, but have added D’Angelo Russell, Markelle Fultz, and Dennis Smith Jr., respectively, within the last week. The Bulls and Knicks were also viewed as teams with interest, but both teams are in rebuilding mode now and Holiday would only be interested in leaving New Orleans for a playoff team, sources tell Deveney. The potential drop-off in interest opens the door for the Pelicans to retain their starting point guard.

“They want to keep him,” one league executive tells Deveney. “They’re going to do all that they can to keep him. But the way things have played out, there is not as much pressure on them, once they roll out the red carpet for him.”

While Holiday’s market may not be as competitive as expected, the Pelicans will still have some competition. Deveney identifies the Nuggets as one threat, since Denver intends to be active in free agency and could use a long-term point guard. A source confirms to Deveney that Holiday will draw interest from the Nuggets.

If the Pelicans aren’t able to re-sign Holiday, it may be tricky to find an adequate replacement, since the club already has more than $85MM in guaranteed salaries on its books, reducing cap flexibility.

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