Hawks Rumors

Hawks Waive Antonius Cleveland

The Hawks have waived Antonius Cleveland, per Chris Vivlamore of The Atlanta Journal-Constitution.

Cleveland, 24, saw action in four games with the Hawks last season, averaging 3.3 points and 1.0 rebounds in 10.4 minutes per game. He was signed to a multi-year contract in March after signing consecutive 10-day contracts earlier in the season.

As Vivlamore noted previously, the Hawks essentially had to waive Cleveland in order to open up the cap room necessary to acquire Carmelo Anthony from the Thunder and Justin Anderson from the Sixers.

Adding both Anthony and Anderson to the Hawks’ will increase the team’s total salary to approximately $102.8MM, about $1MM over the cap. Per CBA rules, this is not permitted, as the Hawks are using cap space to complete the trade. Waiving Cleveland lowers Atlanta’s total salary – with Anthony and Anderson – to $101.4MM, safely within the 2018/19 salary cap of $101.869MM.

Cleveland’s 2018/19 salary was fully non-guaranteed, so the Hawks will not be on the hook for any of his salary.

Anthony/Schroder Trade May Not Be Completed Right Away

The three-team trade that will send Carmelo Anthony to the Hawks (briefly), Dennis Schroder to the Thunder, and Mike Muscala to the Sixers may not be officially completed for several days, according to reports from Chris Vivlamore of The Atlanta Journal-Constitution and Keith Pompey of The Philadelphia Inquirer (Twitter links).

As Vivlamore notes, the Hawks will almost certainly waive Antonius Cleveland and his non-guaranteed salary in order to create the cap room necessary to make the deal work, but that shouldn’t hold things up much. Pompey hears from one source that the delay may be the result of the 76ers working on another move.

While it’s not clear what that Sixers move might be, the club does have a tiny sliver of cap room still available. It’s not enough space to be useful at this point, but perhaps Philadelphia wants to explore all its options before officially going over the cap and closing certain doors.

Whether the trade is ultimately finalized today, this weekend, or next week sometime, Anthony looks like a strong bet to eventually land in Houston once he’s acquired and then waived by Atlanta. Anthony has reportedly considered both the Rockets and Heat, but Houston has been viewed as the strong frontrunner for the last week or two.

David Aldridge of TNT provides more evidence in favor of Anthony joining up with James Harden and Chris Paul in Houston, citing a source who says that Carmelo has been telling people for over a week that he’ll wind up with the Rockets (Twitter link).

When the deal becomes official, the Hawks will use up their remaining cap room, leaving the Kings as the only NBA team with any meaningful space available. Sacramento still has more than $20MM in open cap room.

Hawks Waive Jaylen Morris

The Hawks have waived Jaylen Morris, whose $1,378,242 salary for next season was non-guaranteed, according to Chris Vivlamore of The Atlanta Journal-Constitution.

The 22-year-old shooting guard played six games last season after inking a pair of 10-day deals, then signing for the rest of the season in March. He saw 16.3 minutes of action per night and posted a 4.7/2.7/1.2 line. He also played for the Hawks’ entries in this year’s Salt Lake City and Las Vegas summer leagues.

The Hawks have another non-guaranteed contract remaining in shooting guard Antonius Cleveland, whose $1,378,242 salary won’t become guaranteed until January 10.

Hawks, Thunder Have Discussed Carmelo Anthony

The Thunder and Hawks have engaged in discussions on a potential trade involving Carmelo Anthony, reports NBA columnist Mitch Lawrence (Twitter link). According to Lawrence, the Thunder are looking at Dennis Schroder and Mike Muscala, and if the two sides can make a deal, Atlanta would buy out Anthony’s expiring contract.

Per Chris Vivlamore of The Atlanta Journal-Constitution, the Hawks and Thunder spoke in Las Vegas about a possible trade involving Anthony, but those talks didn’t get serious. Still, Vivlamore acknowledges that things could change now that Atlanta has acquired another point guard in Jeremy Lin.

The Hawks have been exploring possible trades involving Schroder for much of the offseason, and ESPN’s Adrian Wojnarowski reported last week that their acquisition of Lin may expedite the process of moving Schroder. While the 24-year-old has been a productive player on the court, concerns related to his legal troubles and locker-room fit have limited his appeal to both the Hawks and to potential suitors. Lawrence indicates that trading Schroder is Atlanta’s “No. 1 priority.”

Schroder was arrested on a misdemeanor battery charge last September, with Georgia officials recommending in March that he be prosecuted for felony aggravated battery. He figures to face discipline from his team and/or the league when that case is resolved. Jail time also isn’t entirely out of the question, though Hawks officials are reportedly confident that will be avoided.

Meanwhile, the Thunder continue to explore ways to part ways with Anthony without simply having to waive him. Cutting Anthony outright and stretching his salary over the next three years would result in cap hits of $9.3MM+ annually through 2020/21. Oklahoma City would like to find a way to reduce its projected tax bill by cutting costs in an Anthony trade, though it’s unclear if the team is willing to add an asset – such as a future first-round pick – to make that happen. That may be a sticking point for the Hawks, per Lawrence and Vivlamore.

We outlined in detail last week how an Anthony trade could work for a team that has available cap room, but not necessarily enough to accommodate his full $27.93MM salary. The Hawks meet that criteria. They can create about $10MM in cap space, so they wouldn’t have to match salaries if they were to trade for Anthony — Schroder ($15.5MM) and Muscala ($5MM) would be enough.

Hawks Rumors: Lin, Schroder, Delaney

The Hawks traded for Jeremy Lin last week in a deal that cleared a path for the Nets to create the cap room necessary to take on a pair of unwanted contracts – and a pair of draft picks – in a trade of their own with the Nuggets.

According to Eric Pincus of Basketball Insiders (Twitter link), based on the conversations he had in Las Vegas, there was some confusion about why Atlanta used a chunk of its cap room on Lin rather than making a deal like the one Brooklyn did to add long-term assets.

As Michael Cunningham of The Atlanta Journal Constitution writes, a source familiar with trade discussions said that the Hawks could have made a deal with Denver similar to the one the Nets made. However, Atlanta GM Travis Schlenk sounds high on Lin, Cunningham relays.

“We had the opportunity to add a veteran point guard to the locker room,” Schlenk said. “We’ve said all along that it takes high-character, good guys to help a young team grow. Jeremy fits the bill. We had two point guards on the roster, and we needed a third.”

Here’s more on the Hawks:

  • While Schlenk won’t come out and say it, acquiring Lin would also provide some insurance in the event of a Dennis Schroder trade, according to Cunningham, who says it’s “obvious” that the Hawks want to move on from their starting point guard. A source tell Cunningham that Atlanta has been trying to trade Schroder for weeks, but hasn’t found much of a market for him.
  • Schroder’s below-average shooting and defense limit his appeal to some extent, but his legal troubles are the primary deterrent for potential trade partners, says Cunningham. Two people with knowledge of Schroder’s battery case tell Cunningham that the player and his lawyer have discussed a settlement with the alleged victim, and Hawks officials have expressed confidence internally that Schroder won’t spend any time in jail. However, other teams “apparently aren’t so sure,” Cunningham writes.
  • Speaking of Hawks point guards, last year’s backup Malcolm Delaney hasn’t technically had his free agent rights renounced by Atlanta, but he looks like a good bet to head elsewhere. According to a report from Nikos Varlas of Eurohoops.net, Delaney – who played overseas before joining the Hawks in 2016 – has received a contract offer from Turkish club Anadolu Efes.

Nets Notes: Lin, Faried, Napier, Vezenkov

The Nets weren’t convinced that point guard Jeremy Lin will be physically ready for training camp, according to Brian Lewis of The New York Post. Lin, who was traded to the Hawks on Thursday, is coming off a ruptured patellar tendon that he suffered in last season’s opener.

The 29-year-old point guard hasn’t been medically cleared for three-on-three contact games and may take a while to get ready for five-on-five. He played just 37 games over two years after signing with Brooklyn in 2016 and carried a $12.5MM salary that the team needed to unload before completing a deal with Denver.

“I love Jeremy Lin because he represents the underdog in all of us — truly first class on and off the court,” tweeted co-owner Joe Tsai after the deal was completed. “Jeremy is not only exciting to watch, he sets an example for perseverance and leadership. We are great friends, and I will follow his progress no matter where he is.”

There’s more today out of Brooklyn:

  • The Nets had been trying for months to acquire Kenneth Faried from the Nuggets, Lewis adds in the same story. Brooklyn officials hoped to make a deal before last month’s draft, but Denver was unwilling to give up this year’s first-rounder, which it used to get Michael Porter Jr. Nets GM Sean Marks improved his bargaining position by unloading Timofey Mozgov to the Hornets and Lin to the Hawks, giving him enough cap room to take on Faried and Darrell Arthur while getting a future first-rounder and second-rounder.
  • Today’s agreement with Shabazz Napier will use up the last of the Nets’ remaining cap room, tweets ESPN’s Bobby Marks. Brooklyn has 14 players under contract, 13 with guaranteed money, and can now exceed the cap by finalizing deals with Joe Harris under the Early Bird exception and Ed Davis under the room mid-level exception.
  • Aleksandar Vezenkov, a second-round pick from 2016, will get a better chance to develop his skills after signing with Olympiacos in Greece this week, according to NetsDaily.com. A stretch four, Vezenkov spent last season with F.C. Barcelona, which allotted more minutes to players who weren’t likely to eventually leave for the NBA. That shouldn’t be a concern with Olympiacos, where Vezenkov will play for former Cavaliers coach David Blatt.

Nets Trade Jeremy Lin To Hawks

JULY 13: The trade is now official, according to a pair of press releases issued by the Nets and Hawks. Atlanta receives Lin, Brooklyn’s 2025 second-round pick, and the right to swap 2023 second-rounders with the Nets in exchange for Cordinier and a heavily-protected 2020 second-rounder, as detailed below.

[RELATED: Cap implications of the trade for Nets, Hawks]

JULY 12: The Nets have agreed to a trade that will send Jeremy Lin to the Hawks, reports ESPN’s Adrian Wojnarowski. The deal will allow Brooklyn to clear the cap space necessary to take on a pair of expiring contracts from the Nuggets in another deal.

According to Wojnarowski, the Nets will receive Portland 2020’s second-round pick (top-55 protected) and the rights to 2016 draft-and-stash second-rounder Isaia Cordinier in the trade.

In addition to Lin, the Hawks will acquire a 2025 second-round pick and the right to swap picks with the Nets in 2023, Woj adds. His report doesn’t mention anything about first-round picks, so we’ll assume for now that the ’23 pick swap applies to second-rounders.

For the Hawks, adding Lin will mean further bolstering a point guard depth chart that already features leading scorer Dennis Schroder and fifth overall pick Trae Young. Schroder has been frequently cited as a potential trade candidate and Young’s performance in Summer League action has been up and down, so Lin could provide some added stability at the position. His presence also could expedite a Schroder trade, as Wojnarowski reports.

Of course, it may be premature to pencil in Lin for 25-30 minutes per game for the upcoming season, since he’s coming off a major knee injury. The veteran point guard admitted recently that he has yet to play 5-on-5 ball, but fully expects to be ready for training camp. The Hawks plan to keep him, tweets David Aldridge of TNT.

As we detailed earlier today, the Hawks had upwards of $18MM in cap room available, with the flexibility to increase that number to nearly $24MM by renouncing free agents and waiving non-guaranteed players. No additional moves will be required in order to absorb Lin’s $12.5MM expiring contract using their current cap space.

As ESPN’s Bobby Marks notes (via Twitter), Lin also had a 10% trade kicker, so if he doesn’t waive it as part of the deal, the Nets would pay that $1.25MM bonus and the 29-year-old’s cap hit would increase to $13.75MM.

General manager Travis Schlenk had said that the Hawks didn’t expect to pursue major free agents, noting that the team’s “free agency is going to be trades.” The acquisition of Lin reflects that plan, though it’s still a somewhat surprising move. Given where the Hawks are in their rebuilding process, it would have made more sense to me if Atlanta had used its cap room to take on the Nuggets’ unwanted contracts and acquired a pair of picks in the process.

That’s exactly what the Nets will do with their newly-created cap room after moving Lin. As we detail in a separate story, shedding Lin’s salary will allow Brooklyn to take on Kenneth Faried and Darrell Arthur from Denver. The Nets will receive a first-round pick and a second-round pick from the Nuggets for their troubles.

Meanwhile, the Nets should still have plenty of depth in their backcourt heading into the 2018/19 season, with Spencer Dinwiddie and D’Angelo Russell capable of handling point guard duties.

Photo courtesy of USA Today Sports Images.

Cap Impact Of Thursday’s Trades For Nets, Hawks, Nuggets

After a relatively quiet day in terms of NBA transactions on Thursday, a flurry of agreements were reached in the evening. The Nuggetsfree agent deal with veteran guard Isaiah Thomas kicked off a series of moves that saw Denver agree to send Kenneth Faried and Darrell Arthur to Brooklyn, with the Nets flip Jeremy Lin to the Hawks in order to create the cap room necessary to absorb the Nuggets’ unwanted contracts.

As we detailed on Thursday, the Hawks and Nets were two of the only teams with any cap room still available. The Nuggets, meanwhile, entered Thursday with one of the NBA’s highest projected payrolls, and were looking for a way to get out of luxury-tax territory. The 2018/19 cap outlooks for all three teams were altered significantly by last night’s trade agreements.

With the help of salary data from Basketball Insiders and information from cap experts Bobby Marks and Albert Nahmad, here’s a breakdown of how each team involved in last night’s action will be impacted from a cap – and tax – perspective:

Atlanta Hawks

There are a few factors to consider when determining exactly how much cap room the Hawks still have available. For one, we’re still not sure whether or not Lin is waiving his trade kicker as part of his move to Atlanta. If he doesn’t waive that trade kicker – and he’d have no real reason to – his bonus will increase his cap hit from $12.5MM to $13.75MM, cutting into the Hawks’ cap space.

Atlanta also still has Jaylen Morris and Antonius Cleveland under contract. Both players are on modest non-guaranteed salaries worth $1.38MM apiece.

If we assume that Lin’s trade kicker will increase his cap hit and Morris and Cleveland remain on the Hawks’ roster, the team projects to have about $7.7MM in cap space remaining. However, that number would increase to nearly $10.5MM without Morris and Cleveland.

Brooklyn Nets

Most of the Nets‘ leftover cap room will be eaten up by Faried’s and Arthur’s salaries. After Brooklyn completes its reported deal with second-round pick Rodions Kurucs, the team will have less than $3MM in cap space available.

The Nets still haven’t finalized their contract agreements with Joe Harris and Ed Davis, since it makes sense to use up all their cap room before they use their Early Bird rights to go over the cap for Harris and sign Davis with the room exception.

If Brooklyn determines that it will have no use for its remaining $2-3MM in cap space, the club could complete those signings after officially locking up Kurucs. However, GM Sean Marks figures to explore all options with that leftover cap room before going over the cap by signing Harris and Davis.

Denver Nuggets

There are plenty of moving parts in play for the Nuggets, who still have to finalize Thomas’ signing and waive Isaiah Whitehead, whose non-guaranteed contract will be acquired in the trade with the Nets. We also don’t have final, official figures for new contracts for Nikola Jokic, Will Barton, and Jarred Vanderbilt.

Based on what we know though, it appears the Nuggets will have a team salary of about $115MM after waiving Whitehead and signing Thomas, putting the team approximately $8.7MM below the tax line.

As Nahmad observes (via Twitter), Denver has a few unlikely incentives to consider for Jokic, Paul Millsap, and Gary Harris. The 2018/19 cap hits for those players would increase if they earn their incentives, so the Nuggets will want to leave a little breathing room to account for that. Still, the team has flexibility to use its full mid-level exception.

So far, the Nuggets have used a reported $2.84MM of their mid-level to sign Torrey Craig and Vanderbilt, which would leave about $5.8MM of the $8.64MM exception available. Denver could also technically use its $3.382MM bi-annual exception, though the team would become hard-capped if it uses any of its BAE or uses more than the taxpayer portion ($5.337MM) of the mid-level.

Cavaliers Notes: White, Doncic, Parker, Love

Okaro White has a chance to win a roster spot with the Cavaliers, but first he has to overcome the effects of a broken left foot he suffered in November, writes Joe Vardon of Cleveland.com. White’s foot has fully healed, but he is still struggling with the psychological aspects of the injury and admits he’s “babying” it.

“I just gotta get through,” said White, who is part of the Cavaliers’ entry in the Las Vegas Summer League. “I’m old enough, I’m not young anymore, so I gotta get over it [mentally] and try to find a way to showcase my ability.”

White started four games for the Heat before the injury, but it wound up ending his season. He was shipped to the Hawks at the trade deadline, then signed with the Cavs in March, but never took the court for either team. The 25-year-old forward has a non-guaranteed $1,544,951 contract for 2018/19.

There’s more news out of Cleveland:

  • The Cavaliers passed on an opportunity to trade up on draft night and snag Luka Doncic, Vardon reports in a separate story. A source tells Vardon that Cleveland had an offer from Atlanta that included the No. 3 pick and Kent Bazemore, who will make more than $18MM next season with a $19.27MM option for 2019/20. However, the Cavs wanted Collin Sexton and were confident they could get him at No. 8.
  • With LeBron James gone, the Cavaliers should take a gamble on Jabari Parker, according to Greg Swartz of Bleacher Report. The second player taken in the 2014 draft, Parker could become a dynamic scorer and rebounder if he can fully bounce back from his second ACL surgery. Swartz suggests Cleveland should use its $8.6MM mid-level exception to offer Parker a two-year contract. That would give him $13.3MM more in guaranteed money than if he accepts his $4.3MM qualifying offer with the Bucks, and it would put him back on the open market in 2020 when he’ll only be 25. Swartz recommends a few other moves for the Cavs, including re-signing Rodney Hood, working out an extension with Larry Nance Jr., trying to trade veterans such as J.R. Smith and Tristan Thompson and taking on unwanted contracts to stockpile draft picks.
  • Chris Fedor of Cleveland.com suggests several trades involving Kevin Love, listing the Trail Blazers, Heat, Lakers, Suns and Jazz as possible destinations.

NBA Teams With 2018/19 Cap Room Remaining

Last Wednesday, we noted that only three NBA teams still had significant cap room available. Depending on your definition of “significant,” that’s still the case. One of those three teams – the Kings – made a player for another’s restricted free agent, but the Bulls matched Sacramento’s offer sheet for Zach LaVine and still have plenty of flexibility themselves.

While the Kings, Bulls, and Hawks are still the only teams that can create more than $15MM in cap space without trading any players or waiving and stretching any guaranteed salaries, a number of other clubs technically still have cap room available too.

Using our own data and salary information from Basketball Insiders, our current cap room estimates – as of July 12 – are below. If you have any questions or notice any errors, please let us know in the comment section.

Here’s a breakdown:

Atlanta Hawks

  • Current space: $17.9MM
  • Space if they waive non-guaranteed salaries and renounce UFAs: $23.91MM
  • The Hawks have had a quiet offseason so far, but could clear the most cap room if any team if they renounce Malcolm Delaney and waive the non-guaranteed contracts of Jaylen Morris and Antonius Cleveland.

Sacramento Kings

  • Current space: $19.53MM
  • The Kings already renounced their free agents and waived Nigel Hayes‘ non-guaranteed salary in order to help accommodate LaVine’s offer sheet. With LaVine’s offer matched by the Bulls, Sacramento will have to find another use for its space.

Chicago Bulls

  • Current space: None
  • Space if they waive non-guaranteed salaries and renounce UFAs: $18.94MM
  • The Bulls continue to technically operate as an over-the-cap team since they haven’t renounced their trade, mid-level, and bi-annual exceptions, or Noah Vonleh‘s $10MM+ cap hold. Once they decide they want to use their cap room, they could clear up to almost $19MM without withdrawing David Nwaba‘s qualifying offer.

Brooklyn Nets

  • Current space: $9.97MM
  • Space if they waive non-guaranteed salaries and renounce UFAs: $12.17MM
  • The Nets aren’t about to waive Spencer Dinwiddie‘s non-guaranteed salary, but cutting Isaiah Whitehead and renouncing Quincy Acy would create a little extra space if they need it. Once the Nets use their cap room or decide they don’t need it, they’ll finalize deals for Joe Harris (Early Bird rights) and Ed Davis (room exception).

Dallas Mavericks

  • Current space: $5MM
  • Space if they waive non-guaranteed salaries: $5.54MM
  • It’s not clear if Dorian Finney-Smith‘s salary is still non-guaranteed — he had a reported July 5 salary guarantee deadline, but there has been no confirmation that that date wasn’t pushed back. If Finney-Smith doesn’t have his full guarantee yet, the Mavericks could get to $6MM+ in space. The team figures to use either its cap room or its room exception to re-sign Dirk Nowitzki.

Philadelphia 76ers

  • Current space: $1.69MM
  • Space if they waive non-guaranteed salaries: $4.89MM
  • Getting up to $4.89MM in room would mean waiving T.J. McConnell and Richaun Holmes, which is probably unlikely. Still, the Sixers could use that $1.69MM in room to sign a player like Jonah Bolden to a long-term deal if they so choose. They’ll eventually finalize Nemanja Bjelica‘s deal using their room exception.

Phoenix Suns

  • Current space: $1.18MM
  • Space if they waive non-guaranteed salaries: $3.25MM
  • The Suns could create a little extra flexibility by waiving Shaquille Harrison and Davon Reed, but the team may not need that remaining room either way.

Salary information from Basketball Insiders was used in the creation of this post.