Month: November 2024

Pelicans May Help Facilitate Carmelo Anthony Trade

Earlier today, we told you the Rockets and Knicks were looking for a fourth team to help finalize a trade involving Carmelo Anthony. The Pelicans have expressed interest in becoming that fourth team, according to Marc Berman of The New York Post.

It’s not clear whether New Orleans would take on the three years and more than $61MM left on Ryan Anderson‘s contract or if he would go to another team. Anderson spent four years with the Pelicans franchise before signing with Houston last summer. The Rockets need to move his salary to make room for Anthony, while the Knicks have no need for Anderson because he plays the same position as Kristaps Porzingis and he goes against their new philosophy of avoiding older players on long-term deals.

Representatives for Anthony would like to see the deal get done this week, Berman adds. Houston has scheduled a press conference for Friday to officially welcome Chris Paul, but Berman sees little chance that the trade will be complete in time for Anthony to make a surprise appearance. Multiple sources tell Berman that no deal will happen until “well after” Friday. He states that the sides are getting closer to an agreement and are still “motivated,” but much work still remains. A proposed three-team trade reportedly “stalled” over the weekend, forcing the Rockets and Knicks to start the process over.

Sources tell Berman that Knicks acting president Steve Mills is so focused on the Anthony negotiations that it has prevented the team from finding a veteran point guard. There is speculation that New York may try to fill the position through the Anthony deal.

Houston’s first attempts to acquire Anthony were unsuccessful, Berman adds, because the Knicks were restructuring their front office after former president Phil Jackson was fired. However, owner James Dolan has now signed off on moving Anthony and plans to make Mills the new team president.

Insiders tell Berman that Rockets coach Mike D’Antoni initially wasn’t on board with acquiring Anthony because of their past differences in New York. However, with Paul, James Harden and Nene all pushing for the move, D’Antoni has been left with no choice.

Jazz Target Free Agents, Hope To Trade Boris Diaw

After signing Thabo Sefolosha earlier today, the Jazz are looking at more moves to beef up their front line, according to Tony Jones of The Salt Lake Tribune.

Utah would like to add another forward and a center to back up Rudy Gobert, Jones relays. The Jazz are trying to trade veteran big man Boris Diaw, whose $7.5MM salary for the upcoming season doesn’t become fully guaranteed until Saturday. If they can’t find a trade partner, they are expected to waive Diaw before the end of the week.

Jones mentions three free agents that Utah is targeting: small forward Dante Cunningham, who spent last season with the Pelicans, power forward Ersan Ilyasova, who was traded from the Sixers to the Hawks at the February deadline, and center Willie Reed, who is coming off a breakthrough season as a backup with the Heat.

Jazz management is especially fond of Cunningham and Reed because they bring toughness and atleticism on defense. Cunningham is also coming off a career-best year from 3-point range, connecting on 39% from long distance.

Sefolosha, who also has a strong reputation as a defender, chose the Jazz because they utilize an international style of offense similar to what he experienced in Atlanta, Jones writes. He started 42 games for Atlanta last season, but Utah may view him as a backup to Joe Ingles.

The Jazz have two options for signing Sefolosha, who will receive $10.5MM over two years, according to a post from Bobby Marks on ESPN Now. They could remain over the cap and use part of their mid-level exception, which would allow them to keep a $3.3MM bi-annual exception and $3.2MM of the MLE. The other option is to waive Diaw and sign Sefolosha with cap room, leaving them with $6MM to spend, along with a $4.3MM room MLE.

Jodie Meeks Signs Two-Year Deal With Wizards

July 12, 4:10pm: The signing is official, according to NBA.com.

JULY 2, 11:38am: The Wizards have added some more outside shooting to their roster, according to Shams Charania of The Vertical (via Twitter). League sources tell Charania that Washington has reached an agreement with veteran free agent Jodie Meeks, who will sign a two-year, $7MM contract.Jodie Meeks vertical

Meeks has seen his last two seasons derailed by injuries, having appeared in just 39 total games for the Pistons and Magic since the start of the 2015/16 campaign. However, he was an effective outside threat for Orlando when he suited up last year, averaging 9.1 PPG on 40.9% three-point shooting.

According to Tim Bontemps of The Washington Post (Twitter link), the Wizards will sign Meeks using their bi-annual exception. The BAE can be used for deals worth up to $6,744,500 over two years, so that makes sense. However, using that exception would limit the Wizards to a hard cap of $125.266MM for the 2017/18 league year.

Washington has about $94MM in guaranteed salaries on its books prior to adding Meeks or re-signing Otto Porter, so if the team intends to match a max offer for Porter, that hard cap could become a problem. If the Wizards instead opt to use a portion of their taxpayer mid-level exception to complete the Meeks signing, the team wouldn’t be subject to a hard cap.

The addition of Meeks probably doesn’t bode well for Bojan Bogdanovic‘s return to the Wizards. Meeks figures to fill a similar role in Washington, and Bogdanovic will likely be able to land a better offer from another club, with the Wizards focusing on Porter.

Since the offseason began, the Wizards have now traded for Tim Frazier and committed to sign Meeks in an effort to bolster one of the NBA’s lowest-scoring benches.

Photo courtesy of USA Today Sports Images.

Warriors Re-Sign Andre Iguodala

July 12, 4:07pm: The signing is official, according to NBA.com.

July 1, 10:56pm: Andre Iguodala has decided to return to the Warriors on a three-year, $48MM deal, according to Shams Charania of The Vertical. Iguodala himself confirmed the agreement (on Twitter) around the same time Adrian Wojnarowski of ESPN first reported that a deal was in place (Twitter link). The contract is fully guaranteed with no options on either side, per Charania (Twitter link).Andre Iguodala vertical

Iguodala committed to Golden State after meeting with GM Bob Myers and coach Steve Kerr tonight in Los Angeles, according to Wojnarowski (Twitter link). Iguodala also received multi-year offers from the Rockets, Spurs and Kings, putting pressure on the Warriors to increase their own offer, which was believed to originally be in the range of $12-14MM per year, with a partial guarantee in year three (Twitter link via Sam Amick of USA Today).

[RELATED: 2017 NBA Free Agent Tracker]

With new deals in place for Iguodala and Shaun Livingston, along with a super-max extension for Stephen Curry and a huge contract coming for Kevin Durant, Myers has ensured that the core of the Warriors’ championship team will remain together. However, it certainly won’t be cheap.

Once the Warriors come to terms with Durant on a new deal that will give him a 20% raise using his Non-Bird rights, they will have an estimated $130MM in guaranteed money on their books, as Bobby Marks of ESPN details. Even if Golden State fills out the rest of its roster with minimum salary players, team salary would exceed $137MM, putting the club way over the $119MM luxury tax line and creating a tax bill in the neighborhood of $40MM.

By exceeding the tax apron, the Warriors will lose their full mid-level exception and the bi-annual exception, but will have access to the taxpayer MLE worth $5.192MM. Of course, given how many commitments the Dubs already have on their books, any player(s) signed using that exception would be exponentially more expensive due to tax penalties.

The Warriors’ future cap situation will also get a lot more interesting due to Iguodala’s new deal, which includes a guaranteed third year. That means Iggy’s contract will run through the 2019/20 season, which is the same year Klay Thompson‘s new deal will begin. If Golden State intends to retain Thompson, the team’s bill on salaries and taxes that year will be massive.

While Warriors ownership will have to worry about those future tax penalties, fans in the Bay Area can rest assured that all the key pieces of last year’s championship team, including veteran big man David West, will be back.

Outside of former MVPs Curry and Durant, Iguodala was viewed as the Warriors’ most crucial free agent. The 33-year-old finished second in Sixth Man of the Year voting this year, and while his scoring numbers were very modest, he played a huge role for Golden State as a three-and-D wing. Iguodala ranked 11th on our list of this year’s top 50 free agents.

With Iguodala off the board, it will be interesting to see where teams like the Rockets turn. Houston was reportedly having serious talks with the Cavs about Iman Shumpert, so he may be the Rockets’ Plan B.

Photo courtesy of USA Today Sports Images. Luke Adams contributed to this post.

Western FA Rumors: Lakers, Canaan, Wolves, Kings

After committing all of their remaining cap room, the Lakers continue to debate how to address their point guard spot, according to Ramona Shelburne of ESPN.com (Twitter link). The team has explored possible free agent targets who could be veteran mentors for Lonzo Ball, but with just the $4.3MM room exception remaining, L.A. may no longer have the flexibility to sign some of those players.

Per Shelburne (Twitter link), the Lakers still have Rajon Rondo on their radar, but are debating signing a younger player such as Ian Clark, Tyler Ennis, or Isaiah Canaan for that backup point guard job. It’s not clear whether Rondo and/or Clark would be willing to sign a one-year deal worth the room exception — their respective markets were believed to be more robust, but it’s possible that has changed as free agency nears the two-week mark.

Here are a few more free agency notes from around the Western Conference:

  • Speaking of Isaiah Canaan, his camp has “touched base” with the Timberwolves, according to Darren Wolfson of 5 Eyewitness News, who tweets that Jimmy Butler and Taj Gibson are believed to have put in a good word for their former Chicago teammate.
  • The Kings reportedly made a maximum salary offer to Otto Porter earlier in free agency, but J. Michael of CSNMidAtlantic.com hears from multiple sources that there was confusion about whether Sacramento put such an offer sheet on the table. “We just talked,” Kings GM Vlade Divac said of Porter. This may just be an issue of semantics — perhaps the Kings expressed a willingness to go up to the max, but didn’t draw up a formal offer sheet. Porter eventually got his max offer sheet from Brooklyn anyway.
  • The Warriors made quick work of 2017 free agency, retaining virtually all their key players and adding a couple interesting new pieces. However, they’ll face a tricky situation next summer when Patrick McCaw becomes eligible for restricted free agency. Anthony Slater of The Bay Area News Group examines the challenge of McCaw’s looming free agency and speaks to the 21-year-old guard about it.

Knicks, Rockets Explore Four-Team Carmelo Scenarios

3:23pm: An Anthony trade involving the Knicks and Rockets is “at the two-yard line,” a source tells Stefan Bondy and Frank Isola of The New York Daily News. It’s not clear exactly how close the teams are – presumably not as close as if talks were “at the one-yard line” – but as ESPN’s report below indicates, both the Knicks and Rockets are motivated to complete a deal if they can find a scenario that appeases all involved parties.

10:17am: The Knicks and Rockets have explored Carmelo Anthony trade scenarios that would include up to two other teams in a possible four-team deal, reports Adrian Wojnarowski of ESPN (Twitter link). However, while New York and Houston are both motivated to get something done, no agreement is imminent, according to Wojnarowski.

Since the Rockets’ acquisition of Chris Paul two weeks ago, Houston has been frequently cited as a potential landing spot for Anthony, with the Cavaliers viewed as the other viable suitor for the veteran forward. The Rockets appear to be more aggressively pursuing a deal at this point, but a match between Houston and New York is tricky.

For the Rockets to move enough salary to accommodate Anthony’s oversized contract, the team would almost certainly have to part with Ryan Anderson, who will earn more than $19.5MM this season. Anderson’s contract has three years left on it though, with cap hits of $20MM+ in 2018/19 and $21MM+ in ’19/20, and the Knicks have no interest in taking on that sort of long-term money for a veteran.

For a Rockets trade for Anthony to work, at least one other team would likely have to get involved to take on Anderson’s contract. That club accommodating the salary dump would require at least an asset or two for its troubles, and Houston has already traded its 2018 first-round pick, so it will be tricky to find a deal that makes three teams happy. A four-team deal, which would likely involve more players and picks, would be even more challenging. As such, we shouldn’t necessarily expect quick resolution.

Earlier this week, we identified the teams with cap room remaining — I’d expect the Rockets and Knicks are trying to engage several teams on that list. However, the Lakers have since committed their space to Kentavious Caldwell-Pope, while the Hawks have cut into their room with a deal for Dewayne Dedmon.

If the Rockets can reach a trade agreement for Anthony, the longtime Knick is expected to waive his no-trade clause – and perhaps part of his trade kicker – to make the deal work.

Notable Remaining NBA Free Agents By Position

Kentavious Caldwell-Pope agreed to a deal with the Lakers on Tuesday night, which means one more team with cap room has used all its space, and yet another one of the top remaining free agents is off the board. We’re not yet two weeks into the new NBA league year, but for clubs still in the market for free agents, the viable options are dwindling.

Listed below are some of the top free agents still available, by position. This list isn’t exhaustive or definitive, so you can check out our full list of current free agents for a more complete idea of which players remain unsigned.

Point Guards:

rajon rondo verticalDerrick Rose and Rajon Rondo are the most noteworthy veterans left on the point guard market, and it’s starting to look like both players may have to accept substantial pay cuts. Rose, in particular, has no clear path to a deal worth anywhere near the $21.3MM+ he earned in 2016/17.

Elsewhere, Ty Lawson enjoyed a decent bounce-back season last year and could provide solid backup minutes, while Aaron Brooks was one of the better shooters at the position, making 37.5% of his three-point attempts.

C.J. Watson, Ramon Sessions, Brandon Jennings, and Deron Williams are coming off down years – or, in Williams’ case, a poor postseason showing – but could still be reliable backups. Greivis Vasquez, Mario Chalmers, Norris Cole, and Jarrett Jack were non-factors last season due to injuries, but may still have a place on an NBA roster if they’re healthy.

Trey Burke and Tyler Ennis have yet to deliver on their draft promise, but are still young (24 and 22, respectively). And finally, Sergio Rodriguez may return overseas, but could be an NBA fit if he’s willing to accept a reduced role.

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Pacers Sign Second-Rounder Ike Anigbogu

The Pacers have signed rookie big man Ike Anigbogu to his first NBA contract, the team announced today in a press release. Anigbogu first broke the news himself, posting a photo on Instagram that showed him putting pen to paper and confirming that he had “made it official.”

[RELATED: 2017 NBA Draft Pick Signings]

Anigbogu, 18, entered the draft this spring after just one season at UCLA. Many draft experts are high on the young center’s potential, with Jonathan Givony of DraftExpress ranking him 15th on his big board.

However, Anigbogu didn’t play much during his lone season with the Bruins (4.7 PPG and 4.0 RPG in 13.0 MPG) and is viewed as a very raw prospect. Health concerns also surround Anigbogu, with questions about his knee likely contributing to his fall on draft night. The Pacers ultimately selected the rookie with the 47th overall pick in the draft.

Terms of the deal weren’t disclosed, but Indiana has the cap room necessary to sign Anigbogu to a deal longer than two years and worth more than the minimum, if the team so chooses. For comparison’s sake, the Pacers’ second-round pick in 2016 – Georges Niang – received a three-year contract worth slightly more than the minimum — it was fully guaranteed for one year with a small partial guarantee in year two. Niang was the 50th overall pick.

NBA To Move Up 2017/18 Trade Deadline

The NBA will have a slightly earlier trade deadline for the 2017/18 season, reports Shams Charania of The Vertical (Twitter link). According to Charania, the league has approved changing 2018’s trade deadline to February 8, the second Thursday before the All-Star break.

Typically, the NBA trade deadline falls a little later in February — the Collective Bargaining Agreement calls for it happen on the 17th Thursday of the regular season. In 2017/18, the deadline fell on February 23, which was the Thursday after the All-Star break and the day that regular season action resumed.

For the 2017/18 season, team executives won’t have the ability to discuss trades during the All-Star break, since the game will take place on Sunday, February 18. Perhaps the NBA hopes to avoid a scenario like the one that took place during this year’s event, when word of DeMarcus Cousins‘ trade to the Pelicans broke while the game was still in progress.

The change may also have an impact on buyout season, which generally takes place on a compressed timeline between the deadline and the March 1 deadline for waived players to retain their postseason eligibility.

According to Charania (Twitter link), the NBA’s Board of Governors voted for the change during a meeting on Tuesday, and teams were informed of the decision today.

Lakers Waive David Nwaba

The Lakers have waived shooting guard David Nwaba, the team announced today in a press release. The move appears to be a precursor to L.A. finalizing its contract agreement with Kentavious Caldwell-Pope.

[RELATED: Lakers to sign Kentavious Caldwell-Pope]

Nwaba, 24, made his NBA debut with the Lakers earlier this year after signing a 10-day contract with the team. The 6’4″ shooting guard eventually earned a second 10-day deal and then a rest-of-season contract with an option for ’17/18.

In 20 regular season contests (19.8 MPG), Nwaba averaged 6.0 PPG and 3.2 RPG for the Lakers. The team was also said to be impressed with his play on defense. Nwaba did enough to get the club to pick up his team option last month, but his salary for 2017/18 remained non-guaranteed, making him a candidate to be waived when the Lakers needed to clear a little extra cap flexibility.

With Nwaba’s minimum salary contract off the books, the Lakers have about $17.7MM in cap room. There’s a good chance the team will sign second-round pick Thomas Bryant to a contract using cap space before finalizing its deal with Caldwell-Pope, since that would allow for a longer-term contract for the rookie without reducing the team’s cap room — Bryant’s $816K minimum salary would replace an $816K charge for an empty roster spot.

After that, the Lakers could make Caldwell-Pope’s deal official and would still have the $4.3MM room exception to add another player. The club could also re-sign Nwaba to a new minimum salary deal at some point. However, he’d have to clear waivers first, and there’s no guarantee another team won’t claim him later this week.