Hornets Rumors

Hornets Notes: Jordan, Kemba, Quiet Deadline

Michael Jordan‘s successes as a player and as a Nike ambassador outshine his track record as an NBA team owner, but the transaction that allowed Jordan to buy a majority stake in the Hornets was one of the best deals the six-time NBA champion ever made, writes Brian Windhorst of ESPN.com.

As Windhorst details, despite a reported sale price of $275MM, Jordan put up just $30MM in cash to buy the then-Bobcats in 2010, in an arrangement the league likely wouldn’t approve today. Since then, Jordan has continued to purchase more shares in the franchise and now owns about 90% of the team. Forbes’ franchise valuations, released last Wednesday, suggest the Hornets are currently worth $1.25 billion.

While Charlotte isn’t a huge market and the Hornets haven’t had much postseason success since their inception, the NBA’s revenue sharing model has paid off in a big way for the club. According to Windhorst, league documents show that the organization received more than $130MM in revenue sharing money between 2012 and 2017.

Windhorst’s piece, which includes a look at how LeBron James wants to follow in Jordan’s footsteps when it comes to owning an NBA franchise, is worth checking out in full.

Here are a few more Hornets-related notes:

  • In an interesting piece for USA Today, Jeff Zillgitt spoke to Hornets players and head coach James Borrego about what it’s like to have Jordan as the team’s owner. “It’s actually really cool,” Marvin Williams said of playing for Jordan. “It’s not like people think. For the most part from what I hear, most people think it’s a lot tougher playing for him than it really is. He’s the total opposite. … He just wants you to compete. That’s not a lot to ask. If you compete, he’s going to live with the wins and the losses.”
  • After a fairly quiet trade deadline, Hornets president of basketball operations Mitch Kupchak looked ahead to the rest of the season and the upcoming offseason in his comments to reporters, including Rick Bonnell of The Charlotte Observer. Kupchak believes Charlotte can make the playoffs and spoke in positive terms about the odds of re-signing Kemba Walker in the summer. “I’m optimistic and I’m hopeful, as I always have been, that Kemba starts his career in a Hornets uniform and ends it in one,” Kupchak said.
  • In a post-trade-deadline mailbag for The Charlotte Observer, Bonnell answered questions on whether a quiet trade deadline would have an impact on Walker’s free agent decision, why the Hornets elected to claim Shelvin Mack off waivers using their open roster spot, and why Kupchak didn’t make any deals at the deadline.

Free Agent Stock Watch 2019: Southeast Division

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 turn our attention to the Southeast Division:

Dewayne Dedmon, Hawks, 29, C (Up) – Signed to a two-year, $14.1MM deal in 2017
Dedmon seems like a prime candidate to hit the buyout market, but incentive clauses in his contract may motivate him to stick out the season in Atlanta. As long as Dedmon stays in the rotation, spending the season with the lottery-bound Hawks shouldn’t hurt his value when he becomes an unrestricted free agent this summer. Dedmon has evolved into a ‘stretch five’ in the sixth year of his career. Lately, he’s taken a majority of his shots from beyond the arc and he’s getting pretty good at it. He’s shooting 46.4% from long range this month and 38.6% for the season, which will serve as a nice selling point.

Kemba Walker, Hornets, 28, PG (Up) – Signed to a four-year, $48MM deal in 2015
Walker will be the second-best point guard on the market after Kyrie Irving but he’ll hardly be a consolation prize. Walker has been terrific throughout the season and he’s off to a blazing start this month. In his last four games, he’s averaging 34.0 points, 8.0 assists and 5.8 rebounds. Walker is averaging a career-high 25.1 PPG this season and has missed just six games since the 2015/16 campaign. Walker has been working on a team-friendly contract paying him $12MM annually. He’ll get a gargantuan raise whether he decides to stick with the Hornets or join one of the many teams with significant cap space seeking a top-flight free agent.

Rodney McGruder, Heat, 27, SG (Down) – Signed to a three-year, $3.4MM deal in 2016
McGruder lost his rotation spot, then got it back when Wayne Ellington and Tyler Johnson were traded last week. In the last two games, McGruder has scored a total of four points on 2-for-10 shooting. He’s lacking in confidence, as evidenced by the fact he’s missed his last 17 3-point attempts. Coming off an injury-marred 2017/18 campaign, McGruder got off to a strong start and contributed as a play-maker as well as a scorer. Miami can make him a restricted free agent by extending a modest $3MM qualifying offer this summer, but even that’s no longer a sure thing.

Jerian Grant, Magic, 26, PG (Down) — Signed to a four-year, $7.57MM deal in 2015
Grant had a golden opportunity to enhance his value after getting traded to Orlando in July via a three-team swap. He entered one of the sketchiest point guard situations in the league but after failing to beat out journeyman D.J. Augustin for the starting job, he has also fallen behind Isaiah Briscoe on the depth chart. Grant has played a total of six garbage-time minutes over the last six games. It’s hard to imagine Orlando extending a $3.76MM qualifying offer to make Grant a restricted free agent, so he’ll be scrounging for a fresh start elsewhere.

Tomas Satoransky, Wizards, 27, PG (Up)– Signed to a three-year, $9MM deal in 2016
John Wall‘s pain has led to Satorsansky’s gain and he could cash in before he becomes a restricted free agent. Reports surfaced early last month that the team has engaged with Satoransky’s representatives regarding an extension. With Wall likely out all of next year after tearing his Achilles, Satoransky becomes even more valuable to the franchise. He could sign for as much as $47.5MM over a four-year period on an extension and he hasn’t hurt his cause since taking over as the primary point man. He’s racked up eight or more assists in nine games since January 9th.

Photo courtesy of USA Today Sports Images.

Hornets Claim Shelvin Mack Off Waivers

While the Hornets didn’t make a move at the trade deadline, Shams Charania of The Athletic and Stadium is reporting (via Twitter) that they will be adding more depth by claiming Shelvin Mack off of waivers after the veteran point guard was released by the Hawks.

Before being traded by the Grizzlies and subsequently released by Atlanta, Mack was averaging 7.9 points and 3.4 assists per game in a prominent role for Memphis. Mack appeared in 53 games and played 22.7 minutes per game, the second-highest average of his career.

The Hornets have received quality play at point guard with Tony Parker backing up All-Star Kemba Walker, so it will be interesting to see how much playing time Mack receives down the stretch of the regular season.

Because the Hornets have claimed Mack off of waivers, the Hawks are no longer responsible for the remainder of Mack’s contract, which is now off of their salary cap. Because the veteran point guard was on a minimum salary deal, Charlotte was able to claim him using the minimum salary exception.

NBA G League Assignments/Recalls: 2/8/19

Here are Friday’s assignments and recalls from around the NBA:

  • The Nuggets briefly assigned Isaiah Thomas to the G League today before recalling him. We have the full story on that here.
  • Jarred Vanderbilt has been assigned to the NBAGL by the Nuggets, according to the official G League transaction log. Denver does not have its own G League affiliate, so Vanderbilt is spending time with the Delaware Blue Coats.
  • The Hornets have recalled Dwayne Bacon and Devonte’ Graham from the Greensboro Swarm, according to the team’s website. Bacon has had 10 assignments in the G League this season. Graham has had seven.
  • The Warriors have recalled Jacob Evans from their G League affiliate, according to the team’s Twitter feed. Evans has played 16 games with the Santa Cruz Warriors so far this season.
  • The Grizzlies have assigned Tyler Dorsey to the Memphis Hustle, per the team’s Twitter feed. The Hawks traded Dorsey to the Grizzlies at the trade deadline.

The Deadline Deals That Didn’t Happen

The Raptors were close to acquiring Nikola Mirotic, ESPN’s Adrian Wojnarowski reports on his podcast. The power forward would have been part of a three-team trade with the Pelicans and Magic in the proposed framework. Toronto didn’t have the expiring contracts that New Orleans was seeking and Mirotic was instead sent to the Bucks.

Toronto shifted its focus back to Marc Gasol and acquired the big man from Memphis in exchange for Jonas ValanciunasDelon WrightC.J. Miles, and a 2024 second-round pick.

The Hornets came close to acquiring Gasol before some “last-minute haggling,”  ESPN’s Zach Lowe writes. Charlotte had a lottery-protected first-round pick on the table for most of the week leading up to the deadline. Lowe passes along more deals that were discussed behind the scenes. Here are the highlights from his latest piece:

  • The Sixers offered two second-rounders to the Pelicans for Mirotic and prior to trading for Tobias Harris, Philadelphia and New Orleans discussed a Markelle Fultz-Mirotic swap. Fultz was dealt to the Magic for Jonathon Simmons and a pair of picks.
  • The Hornets pursued a deal for Harrison Barnes, dangling a first-round pick to the Mavericks, Lowe adds in the same piece. Dallas would have had to take back long-term money in the potential deal, something that it wasn’t willing to do.
  • The Nets and Grizzlies briefly discussed sending Allen Crabbe to Memphis along with a first-round pick (Denver’s 2019 selection) in exchange for Garrett Temple and JaMychal Green, sources tell Lowe. Tax concerns led Memphis to shy away from acquiring Crabbe, who will take home approximately $19MM next season.
  • Several teams attempted to pry Andrew Wiggins from the Wolves without giving up much in return. Minnesota was uninterested in giving Wiggins away.
  • Kris Dunn was available at the deadline but the Bulls weren’t looking to deal Zach LaVine. Lowe writes that Chicago may have only considered trading LaVine if it received an overwhelming offer, something that was unlikely to occur.

Every NBA Team’s Post-Deadline Roster Situation

The NBA confirmed today that 2019’s trade deadline set and matched some records. The 14 trades completed on Thursday were the most made on a deadline day in the last 30 years, and the 19 teams involved in those swaps was tied for the most over that same period.

In total, 34 players were involved in those 14 trades — and that doesn’t even count the eight deals completed during the week leading up to the deadline, as we detailed last night.

Needless to say, there has been plenty of roster upheaval around the NBA, so we’re going to use this space to take a look at all 30 teams’ roster situations to see exactly where they stand. Does your favorite team have a full roster? Or is their roster somehow only two-thirds full? Looking at you, Raptors.

Here’s a breakdown of all 30 clubs’ roster situations at the time of this post’s publication (more moves will be made in the coming days or even hours that won’t be noted here, so keep that in mind):


Atlanta Hawks

The Hawks entered the week with 15 players, but had to waive Daniel Hamilton to clear a spot to acquire Jabari Bird. They subsequently traded Tyler Dorsey for Shelvin Mack, then waived both Bird and Mack.

They currently have 13 players on their roster, leaving two open spots. They’ll have two weeks to get back to the league-mandated minimum of 14 players.

Boston Celtics

After carrying 15 players all season, the Celtics traded Jabari Bird to create an open roster spot. They’ll explore the buyout market for candidates to fill that opening.

Brooklyn Nets

The Nets entered the week with 14 players on standard contracts and one (Mitch Creek) on a 10-day deal. Creek’s contract was terminated a few days early to make room for Greg Monroe, who was waived after being acquired from Toronto.

Brooklyn now has 14 players under contract and could opt to re-add Creek (albeit on a full-season contract), sign another player, or leave that spot empty for now.

Charlotte Hornets

The Hornets had a quiet week and continue to carry 14 players, leaving one open roster spot.

Chicago Bulls

The Bulls created an open spot on their roster by trading Bobby Portis and Jabari Parker for Otto Porter, and are now carrying 14 players.

Cleveland Cavaliers

The Cavaliers acquired two players – Nik Stauskas and Wade Baldwin – for Rodney Hood, which required them to terminate Kobi Simmons‘ 10-day contract early to stay at 15 players.

Subsequently, Cleveland flipped Stauskas and Baldwin to Houston in exchange for Marquese Chriss and Brandon Knight, with Alec Burks heading to Sacramento in that three-team deal. The 3-for-2 move left the Cavs with 14 players and an open roster spot.

Dallas Mavericks

The Mavericks, already at 15 players, acquired two veterans – Zach Randolph and Justin Jackson – in exchange for Harrison Barnes, and had to waive Salah Mejri to make the deal work.

They’re currently at 15 players, but will be releasing Randolph very soon to create an open roster spot.

Denver Nuggets

The Nuggets didn’t make any moves this week and continue to carry a full 15-man roster.

Detroit Pistons

Both of the Pistons‘ trades this week were 1-for-1 swaps in terms of players, with Thon Maker and Sviatoslav Mykhailiuk replacing Reggie Bullock and Stanley Johnson.

However, with the team closing in on a deal for Wayne Ellington, someone will need to be waived to stay at the 15-man limit. That player will reportedly be Henry Ellenson.

Golden State Warriors

The Warriors didn’t make any moves this week and still have 14 players under contract, leaving an opening for potential buyout targets.

Read more

Lowe’s Latest: Sixers, Mirotic, Hornets, Nets, More

The Buckstrade for Nikola Mirotic was made sweeter by the fact that the Sixers were in the hunt for the Pelicans‘ power forward before New Orleans opted to send him to Milwaukee, writes ESPN’s Zach Lowe in his post-deadline round-up.

According to Lowe, the Sixers offered a pair of second-round picks in their offer for Mirotic, which the Bucks bested by surrendering four second-rounders. Before the 76ers acquired Tobias Harris, they also discussed the general framework of a Mirotic/Markelle Fultz swap with the Pelicans, according to Lowe, who notes that it’s unclear whether those talks would have gotten serious if Philadelphia hadn’t completed its blockbuster deal for Harris.

Lowe’s article is packed with several more tidbits on the trade deadline, so we’ll round up the highlights here:

  • The Hornets came close to acquiring Marc Gasol from the Grizzlies for a package that would have included a lottery-protected pick, but the deal fell apart over “last-minute haggling” on the price, sources tell Lowe. Charlotte also pursued Harrison Barnes, but any offer that included a first-round pick would have also included multiyear salary the Mavericks didn’t want, Lowe reports.
  • Before the Grizzlies sent JaMychal Green and Garrett Temple to the Clippers, Memphis discussed a deal involving the duo for the Nets, according to Lowe, who says the return would’ve featured Allen Crabbe and Denver’s first-round pick. The Grizzlies, who had tax concerns, settled instead on L.A.’s offer, which didn’t include a draft pick.
  • At least one of the offers the Wizards received for Otto Porter featured a low first-round pick, but it would have been meant taking on multiyear money, per Lowe.
  • Kris Dunn probably could have been had at the deadline, but the Bulls likely wouldn’t have listened to inquiries on Zach LaVine unless someone had “overwhelmed” them, Lowe writes.
  • The Magic told teams in recent weeks that they wouldn’t part for Terrence Ross for anything less than a first-round pick, sources tell Lowe. Orlando ultimately kept Ross on its roster.
  • Jrue Holiday is a player worth keeping an eye on if and when the Pelicans eventually trade Anthony Davis. Sources tell Lowe that Holiday wants a chance to compete in the playoffs and is waiting to see what New Orleans gets in return for Davis.

NBA G League Assignments/Recalls: 2/7/19

Here are Thursday’s assignments and recalls from around the NBA G League:

Grizzlies Trade Marc Gasol To Raptors

9:05pm: The Raptors have officially acquired Gasol from the Grizzlies, sending Valanciunas, Wright, Miles and a 2024 second-round pick to Memphis in return, the teams announced on Thursday.

“Marc [Gasol] brings significant playoff experience to our team, which along with his savviness and leadership skills really helps position us for our ultimate post-season goal,” Raptors president Masai Ujiri said. “We look forward to welcoming Marc to our city and team.”

12:55pm: The Raptors and Grizzlies are finalizing a trade agreement that would send Marc Gasol to Toronto, reports ESPN’s Adrian Wojnarowski (via Twitter).

Memphis is expected to receive Jonas Valanciunas, Delon Wright, C.J. Miles, and a 2024 second-round pick in exchange for Gasol, according to Wojnarowski (via Twitter).

It’s the latest major development in what has turned into an arms race among the Eastern Conference’s top contenders. The Sixers acquired Tobias Harris on Wednesday morning, and the Bucks reached a deal to acquire Nikola Mirotic earlier today.

The Raptors will surrender some depth in the trade by giving up three rotation players, but none of Valanciunas, Wright, and Miles were starters. In acquiring Gasol, Toronto will add more firepower to its frontcourt, acquiring a veteran center who has been linked to the club for years.

A former Defensive Player of the Year, Gasol has slowed down a step or two at age 34, but he’s still a productive scorer (15.7 PPG), rebounder (8.6 RPG), and rim protector (1.2 BPG). He has also added an outside shot to his game in recent years, making 35.7% of his attempts and 1.4 threes per game over the last three seasons. It will be interesting to see how the Raptors manage his minutes in a frontcourt that also features Serge Ibaka and Pascal Siakam, both of whom are having excellent seasons.

The Grizzlies, meanwhile, will move on from a three-time All-Star who has been in Memphis since 2008. Despite Gasol’s long tenure with the franchise, it appeared this week as if he was ready to move on, having cleared out his locker when it looked as if a trade to the Hornets was a possibility. That deal with Charlotte never got too close to being finalized, notes Sean Deveney of Sporting News (Twitter link).

In exchange for Gasol, Memphis gets a productive center in Valanciunas, who is set to return from a hand injury, a promising young point guard in Wright, who will be a restricted free agent season’s end, and Miles, a sharpshooter who has had a down year. The Grizzlies will also acquire a future second-round pick, though it’s hard to determine how much value that selection will have by 2024.

Valanciunas has a $17.62MM player option for next season, while Miles has a $8.73MM player option. Both players look like solid bets to opt in. It’s not clear yet what Gasol will do with his own $25.6MM player option for 2019/20. The Raptors would have his Bird Rights if he opts out.

Gasol also has a 15% trade kicker, which will be applied to his 2018/19 cap hit, tweets Bobby Marks of ESPN.com. That bonus would increase Gasol’s cap figure by close to $1.3MM if he doesn’t waive it.

Marks also observes that this deal will leave the Raptors with just 11 players under contract after they also sent Malachi Richardson to Philadelphia. The club will have two weeks to get back to the league-mandated minimum of 14 players, so it could be an active month in Toronto.

Photo courtesy of USA Today Sports Images.

Eastern Notes: Kaminsky, Maker, Giannis, Cavs

Hornets general manager Mitch Kupchak said Thursday that no decisions have been made about pursuing a contract buyout with young forward Frank Kaminsky, with the 25-year-old still on the Hornets’ roster after the trade deadline.

“He wants to play,” Kupchak said of Kaminsky, as relayed by Rick Bonnell of the Charlotte Observer. “He’s under contract. Short of that, no decisions have been made addressing that situation.”

Bonnell also relayed that Kupchak, hired by the Hornets last April, is sympathetic to a remedy if Kaminsky is looking to play elsewhere.

The Hornets explored moving Kaminsky in the hours leading up to the trade deadline Thursday, but failed to find a suitable deal for the fourth-year player. Sean Deveney of Sporting News reported (via Twitter) that Kaminsky would likely become a buyout candidate in the near future, but it’s unclear where the possibility stands right now.

Charlotte also held strong trade discussions with the Grizzlies on a deal centered around Marc Gasol, according to Shams Charania of The Athletic (Twitter link), but talks eventually broke off. The Hornets ended up not making a single trade on deadline day.

There’s more from the Eastern Conference today:

  • The Bucks traded Thon Maker to the Pistons for Stanley Johnson this week, sending away one of Giannis Antetokounmpo‘s closest teammates in an effort to upgrade the roster. “Thon is like my little brother, this one hurts more than any trade that happened that I’ve been a part of but this is the business we work in,” Antetokounmpo said, according to Cassidy Hubbarth of ESPN (Twitter link). The Bucks eventually flipped Johnson, Jason Smith and two second-round picks to acquire sharpshooting forward Nikola Mirotic.
  • For Milwaukee, Antetokounmpo could be the next star involved in rumors as the 2019/20 season draws closer, Dan Feldman of NBC Sports notes. Antetokounmpo is eligible to receive a super-max extension in the summer of 2020, but could become a free agent in 2021 if he chooses not to sign the extension. Antetokounmpo has cemented himself as one of the league’s top stars, leading the Bucks to a 40-13 record through 53 games this season. “He has been incredibly loyal,” coach Mike Budenholzer said. “I think that’s something that’s important to him. So, he’s a gift, for sure.”
  • The Cavaliers renounced the free agent rights to Deron Williams and Dahntay Jones today, Keith Smith of Yahoo Sports tweets. Cleveland made multiple trades in the past week, acquiring Brandon Knight, Marquese Chriss and a 2019 first-round pick in a multi-team deal on Wednesday.