- The Hawks, Knicks, and Pistons project to have more than enough cap room for a maximum-salary player this summer, with the Heat and Hornets potentially joining them, says John Hollinger of The Athletic. As Hollinger observes in his preview of the NBA’s 2020 cap outlook, there are several other teams that could create some cap room if free agents walk or players turn down options, but there won’t be much league-wide space this offseason.
The Knicks have had a miserable 12 months, finishing the 2018/19 season with a league-worst 17 wins, missing out on their top free agent targets, and then firing head coach David Fizdale and president of basketball operations Steve Mills during the 2019/20 season.
None of that seems to have had a noticeable impact on the team’s market value though. Once again, the franchise is considered the most valuable of any of the NBA’s 30 clubs, according to a report from Kurt Badenhausen of Forbes. The Lakers and Warriors aren’t far behind, having both surpassed the $4 billion mark for the first time this year.
For the first time, all 30 NBA teams have a perceived worth of $1.3 billion or more, per Forbes’ annual report. Every team’s value increased by at least 6% since Forbes put out their 2019 valuations last February, with a handful of franchises jumping by 20% or more.
The NBA-wide average of $2.12 billion per team in 2020 is also a new record — that league-wide average surpassed the $2 billion mark for the first time. NBA franchise values are up almost sixfold over the last decade, according to Badenhausen.
Here’s the full list of NBA franchise valuations, per Forbes:
- New York Knicks: $4.6 billion
- Los Angeles Lakers: $4.4 billion
- Golden State Warriors: $4.3 billion
- Chicago Bulls: $3.2 billion
- Boston Celtics: $3.1 billion
- Los Angeles Clippers: $2.6 billion
- Brooklyn Nets: $2.5 billion
- Houston Rockets: $2.475 billion
- Dallas Mavericks: $2.4 billion
- Toronto Raptors: $2.1 billion
- Philadelphia 76ers: $2 billion
- Miami Heat: $1.95 billion
- Portland Trail Blazers: $1.85 billion
- San Antonio Spurs: $1.8 billion
- Sacramento Kings: $1.775 billion
- Washington Wizards: $1.75 billion
- Phoenix Suns: $1.625 billion
- Denver Nuggets: $1.6 billion
- Milwaukee Bucks: $1.58 billion
- Oklahoma City Thunder: $1.575 billion
- Utah Jazz: $1.55 billion
- Indiana Pacers: $1.525 billion
- Atlanta Hawks: $1.52 billion
- Cleveland Cavaliers: $1.51 billion
- Charlotte Hornets: $1.5 billion
- Detroit Pistons: $1.45 billion
- Orlando Magic: $1.43 billion
- Minnesota Timberwolves: $1.375 billion
- New Orleans Pelicans: $1.35 billion
- Memphis Grizzlies: $1.3 billion
The Raptors are among this year’s big “winners,” with their value rising 25%, from $1.675 billion a year ago to $2.1 billion this year following their first NBA championship. The Clippers also had a noteworthy bump, moving from ninth place on Forbes’ list to sixth after landing Kawhi Leonard and Paul George last summer.
Although every franchise’s value increased, the Nets had the smallest jump, just 6%. The Magic‘s modest 8% increase resulted in the team slipping from 23rd on last year’s list to 27th this year.
It’s worth noting that when a franchise has been sold in recent years, the price often exceeds Forbes’ valuation, so these figures are just estimates.
Now that Hornets power forward Marvin Williams has officially been waived (Williams just signed with the Bucks), Charlotte’s pivot to a youth movement is complete, according to the Charlotte Observer’s Rick Bonnell.
“The goal right now is to get these young guys experience,” Hornets coach James Borrego said. “And the more, the better.”
- Williams’ fellow Hornets vet Michael Kidd-Gilchrist returned the minimum salary he will make in his next landing spot (the Mavericks have been rumored to be in the mix for his services) in his buyout arrangement with Charlotte, per Jeff Siegel of Early Bird Rights (Twitter link). Siegel also notes that, due to this, Kidd-Gilchrist’s buyout accounted for $810,763 of his $13MM salary.
- Mavericks guard Seth Curry would welcome the opportunity to play in his hometown in Charlotte with the Hornets at some point in his career, Rick Bonnell of the Charlotte Observer relays. “I’d love to,” Curry said following the team’s win against Charlotte on Saturday. “If the opportunity came about, I would embrace it.” Curry’s contract with Dallas runs through 2023, so he’s expected to remain with the Mavs for the foreseeable future.
An active 2020 trade deadline has likely watered down the free-agent market this summer, a pattern far from the norm after a combined $4 billion was spent on more than 150 players last July, Bobby Marks of ESPN.com explores.
There were a total of 12 trades within the 48-hour window of the trade deadline this year, with high-profile players such as D’Angelo Russell, Andre Drummond, Andrew Wiggins and Clint Capela switching teams.
As Marks notes, the 2020 free agency class is projected to be mediocre for the most part. The Knicks could have upwards of $50MM to spend (though they’ll likely wait until the following summer for stronger talent), with the Hawks, Pistons, Hornets, Suns, and Heat also set to have north of $20MM.
Beyond Anthony Davis, some of the top unrestricted free agents this summer include Fred VanVleet, Montrezl Harrell, Danilo Gallinari and Serge Ibaka. Drummond ($28.7MM), DeMar DeRozan ($27.7MM) and Evan Fournier ($17MM) all have player options in their contracts, while Brandon Ingram and Bogdan Bogdanovic are set to enter restricted free agency.
Here are some other odds and ends from around the basketball world:
- Free agent guard Archie Goodwin has signed in Germany with Ratiopharm Ulm, the team announced, as relayed by Sportando. Goodwin, 25, holds NBA experience with the Suns, Pelicans and Nets, most recently playing in Turkey. Goodwin was drafted with the No. 29 overall pick by Oklahoma City back in 2013.
- Former NBA forward Thomas Robinson has signed in Russia with BC Khimki, the team announced on social media. Robinson signed a one-month deal with an extension until the end of the season. The 28-year-old has played for Sacramento, Houston, Portland, Philadelphia, Brooklyn and Los Angeles across his professional career, spending time with the Spurs during summer league in 2019.
- Warriors associate head coach Mike Brown has agreed to be the head coach of the Nigerian men’s basketball team, according to Marc J. Spears of ESPN’s The Undefeated (Twitter link). Brown will coach Nigeria during the 2020 Tokyo Olympics this summer, with Nigeria BB president Musa Kida reportedly looking for a high-profile coach that holds NBA experience.
FEBRUARY 8: Williams has finalized his buyout agreement with the Hornets, according to a team press release. As noted below, he’s on track to join the Bucks once he clears waivers on Monday. Bender will be the player released by Milwaukee to make room, as we relayed in a separate story.
FEBRUARY 7: Veteran forward Marvin Williams is nearing a buyout agreement with the Hornets, ESPN’s Adrian Wojnarowski reports.
Williams is planning to sign with the Bucks once he completes the buyout and clears waivers, Shams Charania of The Athletic tweets. Milwaukee has a full roster and would have to waive a player to add Williams. Dragan Bender appears to be the team’s likeliest release candidate.
Williams is making just over $15MM this season in the final year of a four-year, $54.5MM contract. Williams would become a target for several contenders, according to Wojnarowski.
Williams, 33, indicated last month he might retire after the season rather than seek another contract.
“I’ll be honest with you, I’ve certainly thought about being done,” Williams said at the time. “I feel like that’s where I am right now: I could do it or I could not.”
Williams, 33, is averaging a career-low 6.7 PPG and 2.7 RPG due to reduced playing time at 19.7 MPG. He’s a capable 3-point shooter (36.2% for his career) as well as a solid perimeter defender. He had an 18-point game last month against Milwaukee but has scored just 10 points in his last four appearances.
1:15pm: The Hornets have officially waived Kidd-Gilchrist, according to Rick Bonnell of the Charlotte Observer.
Charlotte now has two open roster spots and $5.2MM of its mid-level exception for the 2019/20 season left to spend, which the team could use to add G-League prospects, according to ESPN’s Bobby Marks (via Twitter).
11:50pm: The Hornets are finalizing a buyout with forward Michael Kidd-Gilchrist, according to ESPN’s Adrian Wojnarowski and Tim MacMahon (Twitter link). The Mavericks have emerged as a favorite to sign Kidd-Gilchrist once he clears waivers, Wojnarowski adds.
We relayed earlier this week with the trade deadline looming that Dallas had “kicked the tires” on Kidd-Gilchrist, among others. The veteran forward was once a reliable starter for the Hornets, with whom he has spent his entire career after being the second overall pick in the 2012 NBA Draft.
This season, however, the 26-year-old has appeared in just 12 games and is averaging 4.0 PPG and 2.9 PPG. Kidd-Gilchrist opted in to his $13MM option over the summer and entered camp this past fall without a defined role.
As he heads for free agency this summer, Kidd-Gilchrist could set himself up for a decent payday by playing well with a contending team down the stretch.
Every week, Hoops Rumors takes a closer look at players who will be free agents or could become free agents next offseason. We examine if their stock is rising or falling due to performance and other factors. This week, we take a look at players from the Southeast Division:
Davis Bertans, Wizards, 27, PF (Up) – Signed to a two-year, $14.5MM deal in 2018
The fact that the Wizards set such a high price on the unrestricted free agent, reportedly asking for two first-rounders and possibly more, shows how much Bertans is valued by the organization and other clubs. He’s averaging 15 PPG, albeit for one of the league’s worst teams, but his 3-point shooting is craved around the league. Big guys who can shoot 42.9% from deep, as Bertans has the past two seasons, command a high price tag. Washington desperately wants to re-sign Bertans and hopes the loyalty it showed will have an impact this summer. But the Wizards will have plenty of competition for his services.
Treveon Graham, Hawks, 26, SG (Down) – Signed to a two-year, $3.16MM deal in 2018
Graham was tossed into the deal that sent Allen Crabbe to the Timberwolves last month. Perhaps the only thing surprising about Graham is that he wasn’t thrown into another trade by the very active Atlanta front office. He received steady playing time with Minnesota (20.1 MPG), including 20 starts, but his impact on the Hawks has been minimal. He’s scored a total of 12 points in nine appearances. Graham just isn’t enough of an offensive threat and defenses don’t have to respect him on the perimeter. He becomes an unrestricted free agent at the end of the season and he’ll be looking at minimum deals at best.
Michael Kidd-Gilchrist, Hornets, 26, SF (Down) – Signed to a four-year, $52MM deal in 2016
Oh, how the mighty have fallen.. Yes, the second overall pick in the 2012 draft is still in the league. In fact, he’s just 26 years old. Injuries sidetracked MKG’s career but a bigger issue is his lack of an offensive game. Ben Simmons can get a max contract without a 3-point shot because of his wondrous playmaking skills and defensive versatility. A 6’6” forward without an outside shot is a dinosaur into today’s NBA. MKG has appeared in just 12 games this season and hasn’t seen the floor since late December. Charlotte’s front office is just counting the days to get his contract off its books.
Jae Crowder, Heat, 29, SF (Up) – Signed to five-year, $35MM deal in 2015
Crowder was quietly enjoying one of his best seasons with the Grizzlies before getting dealt to Miami just before the deadline. He started regularly for Memphis despite modest offensive numbers (9.9 PPG on 36.8% shooting), finding other ways to contribute. He was averaging career highs in rebounding (6.2 RPG) and assists (2.8 APG) along with playing his usual solid defense. It will be interesting to see how coach Erik Spoelstra incorporates Crowder into the rotation but the impending unrestricted free agent will get an opportunity to show his value on a now serious Eastern Conference contender.
James Ennis, Magic, 29, SF (Down) – Signed to a two-year, $4MM deal in 2019
Ennis’ playing time had diminished before the Sixers, who acquired perimeter shooters from the Warriors, found a new home for the journeyman forward. The Magic were willing to give up a second-round pick in order to secure Ennis’ services. Orlando president Jeff Weltman said Ennis will add “shooting, athleticism, and toughness” to the team, so from all indications he’ll jump right into the rotation. Ennis is an adequate perimeter shooter and a factor in the open floor. Ennis holds a $2.13MM player option on his contract next season and could choose to opt out with a strong finish.
Photo courtesy of USA Today Sports Images.
Before Steve Mills was removed from his position as the Knicks‘ president of basketball operations, there was some internal support for a potential trade with the Hornets that would have sent Malik Monk to New York, according to Ian Begley of SNY.tv.
Begley notes that Dennis Smith Jr. would’ve gone to Charlotte in the deal, though it’s not clear what other pieces would have been involved on either side. Both Smith and Monk were prospects the Knicks passed over in the 2017 draft for Frank Ntilikina.
Within his roundup of the Knicks’ deadline discussions, Begley also says that before Mills’ departure, there were members of the organization that felt as if they’d made “significant progress” toward a D’Angelo Russell trade with the Warriors.
We don’t know exactly how those talks played out, so it’s hard to say whether that confidence was warranted. But for what it’s worth, Sam Amick of The Athletic reported on Wednesday that none of New York’s offers had been “even remotely appealing” to Golden State. One of the Knicks’ proposals included Bobby Portis, Allonzo Trier, Ntilikina, and presumably some form of draft compensation, sources tell Begley.
Here’s more on the Knicks:
- Marc Berman of The New York Post takes a look at the Knicks’ impending hire of agent Leon Rose as their new head of basketball operations, citing one NBA executive who said, “MSG and CAA have been in bed for years. This shouldn’t be surprising.”
- Berman notes in his article on Rose that the veteran agent is tight with Kentucky head coach John Calipari. However, Calipari said today that he has no plans to become the Knicks’ next coach, according to Kyle Tucker of The Athletic (Twitter link). Calipari said he’d help Rose in any way he can — “It just wouldn’t be to coach.”
- One decision Rose will face this summer will be on Elfrid Payton‘s $8MM non-guaranteed salary for 2020/21. Berman examines the factors that will go into that decision, pointing out that Payton is a CAA client.
- In an interview on Showtime’s “All the Smoke,” Kevin Durant was once again asked about his free agency decision last summer. As Brian Lewis of The New York Post details, Durant replied that he didn’t seriously consider any teams beside the Nets. “I looked at other places — the Clippers, I took a peek at the Knicks just to do my due diligence — but I really wanted to play for the black and white,” Durant said.
The Rockets remain on the lookout for a center who can help the team fill the hole that will be created when Clint Capela is officially sent to Atlanta, writes Sam Amick of The Athletic. According to Kelly Iko of The Athletic (via Twitter), Houston is moving closer to a deal for a center and is in talks with a pair of Eastern Conference teams.
Both Amick and Iko indicate the Rockets have shown a willingness to take on some “bad” salary if it helps them acquire an asset or two.
Once the four-team trade involving Capela is officially complete, Houston will have limited flexibility to acquire a center or absorb an unwanted contract. However, until that point, the Rockets could try to fold a separate trade into that four-team deal, which would allow them to take back up to $12MM+ in additional salary (up to $5.8MM before reaching the tax line).
Alex Len is one potential fit for the Rockets, according to John Hollinger of The Athletic, who suggests that the Hawks would want at least a second-round pick for Len. Since Atlanta is already part of the Rockets’ four-team trade, this could be simpler than bringing a fifth club. But I wonder if the Hawks would want to get back the 2024 second-rounder they’re sending to the Rockets in addition to acquiring a separate second-rounder for Len.
Here’s more from Amick and Hollinger:
- A source confirmed to Amick that the Knicks continue to pursue D’Angelo Russell, but said none of New York’s offers have been “even remotely appealing” to the Warriors.
- Kings swingman Bogdan Bogdanovic is generating “serious” interest, but a source says the Kings are still happy to keep Bogdanovic and attempt to re-sign him in free agency, according to Amick. As of this afternoon, Sacramento wasn’t discussing a Kyle Kuzma deal with the Lakers, but many teams around the NBA have registered interest in Bogdanovic, including the Sixers and Hornets, Amick notes.
- The Pistons are “open for business” and willing to discuss just about anyone, per Amick and Hollinger. However, a source with knowledge of the situation downplayed the idea that Derrick Rose will be moved before the deadline.
- The Magic are unlikely to do anything too significant, but remain in the market for “good, young perimeter help,” says Hollinger.