- The Hornets brought in several free agent point guards earlier this week, but didn’t sign anyone following that group workout. Still, it sounds likely that they’ll do so soon, tweets Rick Bonnell of The Charlotte Observer.
When an over-the-cap NBA team sends out more salary than it receives in a given trade, that team can generally create a traded player exception. As we explain in our glossary entry, a traded player exception serves as a way for a team to acquire talent without using cap room to do so.
Traded player exceptions last for one year from the time they’re created, and can be used to absorb a player’s contract in a trade without sending out any salary in return. Trade exceptions can’t be combined with another exception or another contract, but they have $100K worth of wiggle room. So, a team with a $9.9MM TPE could trade for a player earning $10MM without any outgoing salary involved in the deal.
In recent weeks, a handful of teams – including the Hornets, Clippers, and Cavaliers – have seen trade exceptions created last July expire without being used. However, none of those TPEs was substantial. All of this year’s biggest TPEs are still available, though some are more likely to be used than others.
Here’s the current list of the top 10 traded player exceptions available around the NBA, along with each TPE’s expiration date:
- Chicago Bulls: $15,311,329 (6/22/18)
- Portland Trail Blazers: $12,969,502 (7/25/18)
- Toronto Raptors: $11,800,000 (7/13/18)
- Toronto Raptors: $7,630,000 (7/14/18)
- Los Angeles Clippers: $7,273,631 (6/28/18)
- Milwaukee Bucks: $5,000,000 (2/23/18)
- Oklahoma City Thunder: $4,936,529 (11/1/17)
- Cleveland Cavaliers: $4,837,500 (1/7/18)
- New Orleans Pelicans: $3,517,200 (2/20/18)
- Oklahoma City Thunder: $2,550,000 (7/6/18)
While some of these TPEs are quite sizable, there’s a good chance that most of them will go unused. Many of the clubs on this list are near or above the luxury tax threshold, and will be reluctant to acquire an expensive player without dumping any salary as part of the deal.
The Blazers, Raptors, Clippers, Bucks, Thunder, and Cavaliers all fit that bill, though some of those clubs may be willing to bite the tax-penalty bullet, while others could wait until next July when some contracts expire to use their respective TPEs.
As for the Bulls, no team has a more significant TPE than the one Chicago created as part of June’s Jimmy Butler trade. But that exception is somewhat hollow at the moment — the Bulls only have $73.25MM in guaranteed salaries on their 2017/18 cap, so the club could actually create an even greater chunk of cap room by renouncing its trade exception, along with its other cap holds and exceptions. Still, there’s no reason to do that now. That TPE could come in handy later if the Bulls re-sign Nikola Mirotic and much of that potential cap space disappears.
The full list of current NBA trade exceptions can be found right here.
JULY 25, 11:03am: Michael Scotto (via Twitter) fills out the list of free agent guards who worked out today for the Hornets — Demetrius Jackson, Marcus Paige, Jared Cunningham, and Nick Johnson were also part of the group.
JULY 25, 8:16am: The Hornets will also work out free agent point guard Isaiah Canaan, according to Chris Haynes of ESPN, who tweets that the group session will take place on Tuesday.
JULY 24, 2:47pm: Former Georgia guard J.J. Frazier will also take part in the Hornets’ workout this week, tweets Michael Scotto of Basketball Insiders.
JULY 24, 11:48am: The Hornets are bringing in free agent guard Donald Sloan for a workout, according to international basketball reporter David Pick (Twitter link). Another free agent point guard, Norris Cole, will also work out for the club, per Rick Bonnell of The Charlotte Observer (Twitter link).
While Charlotte’s starting backcourt figures to look the same heading into the 2017/18 season, the team is making some changes on the bench. Backup point guards Ramon Sessions and Brian Roberts aren’t returning, and Marco Belinelli was traded to Atlanta. Belinelli’s roster spot has been claimed by lottery pick Malik Monk, and the Hornets signed Michael Carter-Williams as the probable backup for Kemba Walker at the point, but the club may add one more point guard to its roster for depth purposes.
Currently, Briante Weber holds that third point guard spot on the roster, but his deal is non-guaranteed. Per Basketball Insiders, Weber’s salary is believed to become fully guaranteed if he remains under contract through August 1, so the fact that the Hornets are taking a closer look at veteran point guards now may not bode well for Weber’s hold on a roster spot.
Sloan, 29, has more than 200 NBA regular season games under his belt, but spent the 2016/17 season in China with the Guangdong Southern Tigers. His team-high 23.6 PPG and 6.5 APG helped buoy the club to an appearance in the CBA Finals.
As for Cole, the 28-year-old played sparingly for the Thunder last season, but has extensive NBA experience with the Heat and Pelicans, having appeared in 360 total regular season contests since 2011.
- The Hornets should consider making an offer for Cavaliers point guard Kyrie Irving, writes Rick Bonnell of The Charlotte Observer. He lists the pros and cons of offering Kemba Walker as part of a trade package, noting that Irving is a more prolific scorer, has much more playoff experience and is two years younger. However, Walker is a better defender, a proven fit with the current team and has a smaller contract. Irving is signed for nearly $18.9MM next season and more than $20MM in 2018/19, with a player option for more than $21.3MM the following season. Walker will make exactly $12MM in each of the next two years.
- The Raptors haven’t had much luck in their efforts to trade Jonas Valanciunas, as Sean Deveney of The Sporting News details. According to Deveney, discussions with the Kings, Suns, Hornets, Trail Blazers, Hawks, and others “did not get very far.” Now that they’ve dumped some salary by moving DeMarre Carroll and Cory Joseph, it’s not clear if the Raptors are still attempting to move Valanciunas.
The Hornets have taken significant steps forward this offseason but one of the big questions heading into the 2017/18 campaign will be whether wings Michael Kidd-Gilchrist and Nicolas Batum will be able to thrive together.
In a recent mailbag, Rick Bonnell of the Charlotte Observer tackled the question arguing that the lanky pair help the squad more than hinder them. Bonnell refers to the Hornets’ defensive woes as the major culprit for Charlotte’s disappointing 2016/17 campaign, saying that taking Kidd-Gilchrist out of the picture would only make matters worse.
Bonnell does add, however, that the Hornets would be wise to feature rookie Malik Monk as soon as he’s able to prove that he’s reasonably competent on the defensive end. If he slots in at the two, Batum could then slide up to the three.
The Knicks believe they can trade for a veteran point guard and have contacted the Suns about Eric Bledsoe, according to Marc Berman of The New York Post.
Jeff Hornacek is well acquainted with Bledsoe after coaching him in Phoenix, Berman notes, but outside of Courtney Lee and possibly a first-round pick, the Knicks don’t have many assets to offer. Bledsoe, 27, still has two years and $29.5MM left on his current contract. He averaged 21.1 points and 6.3 assists last season, but was shut down in mid-March after playing in 66 games.
Bledsoe has reportedly been on the trade market, with the Suns talking to the Nuggets and Bulls about possible deals prior to the draft.
The Knicks are among a “multitude” of teams that have reached out to Ramon Sessions, Berman adds. The 31-year-old spent last season with the Hornets, who declined their option on him last month. New York only has $1.5MM in cap space remaining, but can go up to $2.3MM under the veterans minimum exception, which applies to players with at least 10 seasons of experience.
Another possibility Berman lists is Donald Sloan, who spent last season in China after playing for the Nets in 2015/16. In 61 games with Brooklyn that year, Sloan averaged 7.0 points and 4.4 assists per night.
The Hornets could be the next team for journeyman center Jordan Hill, writes Sean Deveney of The Sporting News.
Hill, who has played for five franchises in his eight-year career, was waived by the Timberwolves in late June before his 2017/18 contract became guaranteed. A free agent addition last summer, Hill played in just seven games for Minnesota.
Charlotte is a little more than $2MM below the luxury-tax line with 14 players under contract. A source told The Sporting News the team would like to add one more low-cost, veteran big man to its roster. Deveney lists Ersan Ilyasova, Terrence Jones and Willie Reed as other possibilities.
Hill played for Hornets coach Steve Clifford in 2012/13 when Clifford was an assistant with the Lakers. The eighth pick of the 2009 draft by the Knicks, Hill has also spent time with the Rockets and Pacers. If he does sign with Charlotte, Hill will serve as a backup to Dwight Howard, who was acquired from the Hawks in a trade last month.
- The Hornets signed Michael Carter-Williams using a portion of their taxpayer mid-level exception. Since he’s receiving an even $2.7MM, the team doesn’t have a hard cap at this point (Twitter link).
Before Rudy Gay signed with the Spurs, the Nets expressed interest in the veteran forward, having viewed him as a contingency plan in the event that the Wizards match their offer sheet for Otto Porter, reports Michael Scotto of Basketball Insiders (Twitter link).
With Gay off the board and Porter likely to be retained by Washington, the Nets will be a “strong contender” for Kentavious Caldwell-Pope, tweets Adrian Wojnarowski of ESPN.com. That’s no surprise, now that the 24-year-old is unrestricted, but for Caldwell-Pope to be an option for Brooklyn, his camp may have to be patient, since the Nets’ cap room may be tied up for a few days until the Wizards make their decision on Porter official.
Here’s more from around the East:
- Before the Knicks swooped in with a $71MM offer sheet, the Hawks were willing to offer Tim Hardaway Jr. a four-year deal in the $48MM range, league sources tell ESPN’s Zach Lowe. We’ll see if Atlanta is willing to go significantly higher than that to match New York’s offer, or if Hardaway will return to the Knicks.
- The Hornets are in the market for another big man, GM Rich Cho said today (Twitter link via Rick Bonnell of The Charlotte Observer). Charlotte is also evaluating whether to sign a third point guard or keep Briante Weber in that role. Weber has a non-guaranteed contract.
- Raptors president Masai Ujiri said today that he’s comfortable entering the 2017/18 season as a tax team, but there’s still plenty of time to make moves. He’s waiting for the trade market to open up a little, tweets Josh Lewenberg of TSN 1050.
- The plan for the Celtics has always been to have draft-and-stash prospect Guerschon Yabusele on their roster this fall, a league source tells Adam Himmelsbach of The Boston Globe (Twitter link). As ESPN’s Bobby Marks notes (via Twitter), Boston will likely need to waive or trade Jordan Mickey and Demetrius Jackson to retain Yabusele’s cap hold.