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Bulls Apply For Cap Relief For Asik Contract

April 25th, 2019 at 4:38pm CST by Luke Adams

The Bulls have requested that the NBA remove the rest of Omer Asik‘s salary from their cap due to a career-ending injury/illness, reports Shams Charania of The Athletic (via Twitter). Asik was waived by Chicago last October, but his contract included a partial guarantee for 2019/20 that’s still on Chicago’s books.

Asik, who was acquired by the Bulls along with a first-round pick in their 2018 trade with the Pelicans in exchange for Nikola Mirotic, appeared in four games at the end of the 2017/18 season for Chicago. However, he was ruled out indefinitely due to inflammatory arthritis at the start of training camp last fall, and hasn’t played at all since then. Asik was also diagnosed with Crohn’s disease in 2017.

If a player is diagnosed with an ailment believed to be career-ending, his team is eligible to apply for cap relief one year after he last appeared in a game. In order for the Bulls to receive cap relief, an independent physician or a Fitness to Play panel would have to rule that it would be a medically unacceptable risk for Asik to return to action. The 32-year-old center would still receive his remaining salary in that scenario.

Chris Bosh, Nikola Pekovic, and Mirza Teletovic are some of the other players who have suffered career-ending injuries or illnesses and had their salaries removed from their teams’ caps in recent years.

In the event that the Bulls’ request is approved, it would remove Asik’s $3MM partial guarantee from the team’s 2019/20 cap. As we detailed earlier in the week, Chicago already projects to have upwards of $17MM in cap space this summer, so getting Asik’s cap charge removed could bump that number above $20MM.

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2019 NBA Offseason Salary Cap Digest: Chicago Bulls

April 23rd, 2019 at 3:16pm CST by Luke Adams

It was another disappointing season for the Bulls in 2018/19, but the franchise at least secured a few more potential building blocks, having drafted Wendell Carter, extended Zach LaVine, and acquired Otto Porter in a trade. Those last two moves will limit Chicago’s spending flexibility for the 2019 offseason, but the club wasn’t expected to be a major player in free agency anyway.

Here’s where things currently stand for the Bulls financially, as we continue our Offseason Salary Cap Digest series for 2019:

Guaranteed Salary

Player Options

  • None

Team Options

  • None

Non-Guaranteed Salary

Restricted Free Agents

Unrestricted Free Agents / Other Cap Holds

Projected Salary Cap: $109,000,000
Projected Tax Line: $132,000,000

Offseason Cap Outlook

  • Realistic cap room projection: $19.9MM
  • The Bulls have just over $81MM in guaranteed salaries on their books for 2019/20, and will have to account for the cap hold for their first-round pick. Outside of those cap charges though, they shouldn’t have to carry many more. In the cap projection above, I’ve assumed that the team will hang onto Arcidiacono and try to re-sign him, while renouncing their other free agents and waiving their non-guaranteed salaries. They could clear an extra $3MM if their request to remove Asik from their cap is approved.
  • If the Bulls make an effort to re-sign some of their other free agents, they could opt to stay over the cap this summer. That would allow the club to keep its full mid-level exception and bi-annual exception, as noted below.

Cap Exceptions Available

  • Room exception: $4,760,000 4

Footnotes

  1. Harrison’s salary becomes partially guaranteed ($175K) after August 15.
  2. The salaries for two-way players don’t count against a team’s cap, but their cap holds do during the offseason.
  3. Because Luwawu-Cabarrot’s fourth-year rookie scale option was declined, the Bulls are ineligible to offer him a starting salary greater than his cap hold.
  4. This is a projected value. If the Bulls remain over the cap, they’d instead have access to the full mid-level exception ($9,246,000), the bi-annual exception ($3,619,000), and their lone remaining trade exception ($1,183,573; expires 1/3/20).

Note: Minimum-salary and rookie-scale cap holds are estimates based on salary cap projections and could increase or decrease depending on where the cap lands.

Salary information from Basketball Insiders and RealGM was used in the creation of this post. Photo courtesy of USA Today Sports Images.

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NBA Teams That Can’t Trade/Acquire Cash Until July

April 17th, 2019 at 12:25pm CST by Luke Adams

During each NBA league year, teams face limits on the amount of cash they can send out and receive in trades. Once they reach those limits, they’re no longer permitted to include cash in a deal until the following league year.

For the 2018/19 NBA season, the limit is $5,243,000. The limits on sending and receiving cash are separate and aren’t dependent on one another, so if a team has sent out $5,243,000 in trades and also received $5,243,000 in separate deals, they don’t have a clean slate — they’ve reached both limits for the season.

Thanks to reporting by cap experts like Bobby Marks, Eric Pincus, and Albert Nahmad, we’ve been able to keep tabs on the cash sent and received in trades by teams during the 2018/19 NBA league year, so we have a pretty clear idea of each club’s flexibility heading into the draft.

Being able to send or receive cash on draft day is particularly useful, since it can provide a simple means of acquiring – or moving – a second-round pick. A year ago, five of the trades agreed upon in June that featured 2018 draft picks included cash.

Of course, three of those five trades weren’t actually completed until July, which highlights a simple way to work around these restrictions. A team that can’t send or receive cash at this year’s draft could still technically agree to a deal involving cash, then officially finalize it sometime after July 1, when the cash limits reset for the 2019/20 league year.

Still, the 2018/19 restrictions are worth noting, since in some cases a player’s changing cap figure or contract status can make it impossible to wait until July to make a trade official.

With that in mind, here are some of the limitations facing teams until July 1:

Ineligible to receive cash:

  • Charlotte Hornets
  • Chicago Bulls
  • Toronto Raptors

The Hornets reached their limit less than a week until the 2018/19 league year, having received $5MM from the Nets in their Dwight Howard trade and $243K from the Thunder in a deal involving Hamidou Diallo.

As for the Bulls, they reached their yearly limit in three separate transactions, acquiring approximately $2.63MM in a pair of swaps with the Rockets involving Michael Carter-Williams and Carmelo Anthony. Chicago then received another $2.61MM from the Thunder in a Timothe Luwawu-Cabarrot salary dump.

Based on the reported figures for the Raptors ($5MM from the Spurs in the Kawhi Leonard blockbuster, plus $110K apiece from the Sixers and Nets in deadline deals), they could technically acquire another $23K. However, $110K is the minimum amount of cash a team can include in a trade this season, so Toronto can’t actually acquire any more.

Outside of these three teams, every NBA club is eligible to acquire at least $2MM before July. The Magic ($2,226,778), Sixers ($2,743,000), Mavericks ($3,148,049), and Hawks ($3,187,090) are most limited.

Ineligible to send cash:

  • None

No NBA teams have reached their limits for sending out cash this season, though some are close.

The Nets ($243,000) and Spurs ($243,000) can barely trade any cash after sending out $5MM in deals last July. The Thunder ($411,294) and Rockets ($565,513) are also nearly tapped out, having made a handful of moves aimed at reducing – or in Houston’s case, eliminating – their luxury tax bills.

The Wizards ($2,365,456), Grizzlies ($2,660,069), and Celtics ($2,737,090) are also somewhat limited in their ability to trade cash, but no other teams have less than $3MM available.

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Bulls Rumors: Ball, Ellington, I. Smith, Point Guards

April 16th, 2019 at 4:00pm CST by Luke Adams

The Bulls figure to cast a wide net as they seek out point guard help this summer, as it’s the position most in need of an upgrade on their roster. In fact, Chicago has already had at least one interesting discussion involving a point guard this year.

An NBA executive tells Joe Cowley of The Chicago Sun-Times that the Bulls and Lakers had “initial conversations” about Lonzo Ball after Ball’s camp leaked that Chicago would be on the point guard’s list of preferred destinations if he were traded.

It’s not clear whether those in-season discussions went anywhere or if either team plans on revisiting them this summer, but it’s a signal that the Bulls figure to explore plenty of options as they consider how to fortify their point guard position.

Here’s more out of Chicago:

  • According to one scout, the Bulls have “taken interest” in the Pistons’ roster, writes Joe Cowley of The Chicago Sun-Times, adding that the club likes Wayne Ellington‘s shooting and Ish Smith‘s ability to run a team. Both veterans will be free agents this offseason.
  • While he recognizes that the Bulls aren’t likely to be major players for top free agents this year, executive VP of basketball operations John Paxson believes Chicago is on the right track to eventually become an attractive destination again, as Mark Strotman of NBC Sports Chicago relays. “I do think that when you establish yourself, which we’re trying to do right now as a relevant team again, and as we get better positioning ourselves to have money when guys come up in the future, I think this will be a destination place,” Paxson said last week. “But we have to get better. That’s the thing. We have to get to a point where we are playing for important things. But our young guys have to develop into the type of players that other guys want to play with. And I think we have a couple guys right now on the roster and hopefully we’ll have more in the future.”
  • Mark Schanowski of NBC Sports Chicago takes a closer look at the Bulls’ roster by position, identifying which players are likely – or unlikely – to return, and reiterating that point guard tops the club’s list of offseason needs.
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Bulls Notes: Dunn, Markkanen, Wings, Forman

April 11th, 2019 at 9:28pm CST by clarkcrum

On Tuesday, Joe Cowley of the Chicago Sun-Times wrote about how Bulls point guard Kris Dunn wanted to know what team personnel – i.e. head coach Jim Boylen and vice president of basketball operations John Paxson – were thinking in regard to Dunn’s future with the team.

As Cowley put it, it’s up for debate whether or not Dunn has the skills to be a starter in this league for a team on the back-end of a rebuilding project. That is, a team that expects to start competing for the playoffs sooner rather than later. As such, the question becomes whether the Bulls are truly committed to Dunn.

“I haven’t really talked to them (about that)”, Dunn said. “So once I talk to them, I’ll get a sense of what they’re thinking… It’s a business. They’re going to do what they’re going to do. I’m just going to control what I can control. I’m excited to get back in the gym and do what I do.”

Fortunately or perhaps unfortunately for Dunn, he got a pretty straightforward answer from Paxson earlier today, as K.C. Johnson of the Chicago Tribune tweets. Per Johnson, Paxson told the media that the Bulls have not yet given up on Dunn, but that the team needed to get better at the point guard position and that Dunn will have the opportunity this summer to show that he can improve his game to where Paxson and Boylen feel it needs to be.

There’s more out of Chicago this evening:

  • An official update from the team reports that big man Lauri Markkanen, after completing thorough examinations from cardiologists at both Rush University Medical Center and Johns Hopkins University, has been cleared to resume full basketball-related activities. Medical testing revealed that Markkanen’s symptoms (e.g. rapid heart rate) were primarily related to a combination of dehydration and nutrient deficiency.
  • In addition to his comments regarding Dunn, Paxson also iterated today (via the Bulls’ official Twitter handle) how the team is looking to add versatility to the wing position this off-season, with some lineups next year featuring Markkanen at the five and Otto Porter Jr. at the four.
  • As part of his story on Boylen’s extension, Cowley notes that Paxson quickly shot down the idea of demoting general manager Gar Forman, stating that Forman’s job is safe and reiterating that “(Forman is) very good at what he does.”
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Bulls Finalizing Three-Year Extension With Jim Boylen

April 11th, 2019 at 3:49pm CST by Luke Adams

Hours after Bulls VP of basketball operations John Paxson told reporters today that a contract extension for head coach Jim Boylen was “very possible,” Joe Cowley of The Chicago Sun-Times cites a source who says that the two sides are already in the process of finalizing a three-year deal. According to Cowley, it’s just a matter of finishing up the details and deciding when to announce it.

Boylen, who took over as the Bulls’ head coach when Fred Hoiberg was dismissed during the 2018/19 season, was already under contract for next season and was expected to be retained. However, NBA teams rarely let head coaches enter a season on an expiring contract, so it makes sense that Boylen would get a couple more years tacked onto the end of his deal. He may be in line for a raise as well, as his ’19/20 salary of $1.6MM was said to be partially guaranteed for $1MM.

Although his 17-41 record this season was modest, Boylen earned the trust of the Bulls’ front office, who frequently praised his tough-love approach and his ability to motivate players — even after an eventful first week in which players pushed back against Boylen’s aggressive practice schedule.

“I think what I’ve seen is his ability to show these guys he genuinely cares about them,” Paxson said today in his end-of-season press conference, per Cowley. “His goal is to get them better as individuals. I’m the first to admit that first week was like dynamite blowing up. It was a rocky week. What I’ve seen since then is a guy who embraces this challenge. He embraces the individuals he’s coaching. He really does view himself as a teacher, a guy who wants to connect with the players.

“It goes back to what I see in this building every day and what I see on the road and how he’s approaching situations. Nobody is perfect. I rub people the wrong way sometimes in this office. Jim is going to rub players the wrong way sometimes. Phil Jackson rubbed players the wrong way. The great ones do. We’re going to try to build something here with him as our coach and I’m confident in that right now.”

As K.C. Johnson of The Chicago Tribune tweets, Paxson said today that he plans to sit down with Boylen to identify where he needs help. The club’s coaching staff will be discussed, so there’s no guarantee that all of Boylen’s assistants will return for next season.

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Details On The Failed KCP-Jabari Parker Swap

April 9th, 2019 at 1:27pm CST by ChrisCrouse

The Lakers had a tentative deal in place earlier this season to acquire Jabari Parker and send Kentavious Caldwell-Pope and Michael Beasley to the Bulls, a source tell Bill Oram of The Athletic. ESPN previously reported that the two teams discussed swapping Parker and KCP.

Caldwell-Pope would have had to agree to the deal, since he re-signed with the Lakers on a one-year contract, giving him the right to veto any trade. The deal was not signed off over the weekend leading up to Anthony Davis‘ public trade request and the Bulls were stuck in limbo for several days. Many within the league viewed Davis’ request as a call for the Lakers to trade for him. The Bulls subscribed to that notion and moved onto other trade discussions.

Parker was eventually sent to the Wizards in the Otto Porter Jr. deal, while KCP remains on the Lakers’ roster. Beasley was dealt to the Clippers along with Ivica Zubac and ultimately waived.

In Beasley’s case, the deal can partially be attributed to a locker room flair-up with coach Luke Walton. Walton wanted Beasley to play more unselfishly; Beasley, along with teammate JaVale McGee, challenged the request.

The Lakers ended up netting Mike Muscala in the Beasley-Zubac trade. Team president Magic Johnson and GM Rob Pelinka had watched Muscala score 17 points during a spirited Sixers win over the Lakers just days prior and some within the league believe that single performance inspired the front office to make the deal.

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Rose Would Consider Returning To Chicago

April 8th, 2019 at 9:52pm CST by Dana Gauruder

Derrick Rose hasn’t ruled out a reunion with the Bulls, his agent said in a radio interview on Monday. B.J. Armstrong said Rose is “open” to signing with the Bulls as an unrestricted free agent. He spent the first seven years of his career in Chicago after being the No. 1 overall pick in the 2008 draft. Armstrong commented on Rose’s interest in the Bulls during an interview with 670 The Score which was relayed by the Sporting News.

“We’ll see what the Bulls have,” Armstrong said. “There’s no secret, there’s no doubt that in his heart, Chicago will always be there. We’ll see. I don’t know what the Bulls are going to do at this particular time. … If it presented itself, we’d be open to that conversation.”

Rose was enjoying a bounce-back season with the Timberwolves, averaging 18.0 PPG and 4.3 APG, before it was cut short due to injury. The former Bulls MVP had bone chips removed from his right elbow last month.

  • Coach Jim Boylen said the Bulls could use more versatile defenders to compete in the division but he’s unsure if they should pursue a big-ticket free agent and divide up their cap space, Joe Cowley of the Chicago Sun-Times reports. “How we spend the money and how it’s split up … I mean do we hope to get two good players for that chunk of money and add depth, improve our bench maybe or do we get one guy? It really depends on who shakes out [in free agency], who is available, and what happens to the rest of the teams in the league,’’ Boylen said.
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Southeast Notes: Connelly, Walker, Lamb, Briscoe

April 7th, 2019 at 12:58pm CST by Arthur Hill

Asked about the possibility that he might leave to run the Wizards‘ front office, Nuggets president of basketball operations Tim Connelly passed on the chance to issue a denial, relays Mark Kiszla of The Denver Post. Washington has reportedly targeted Connelly as its top candidate after firing Ernie Grunfeld this week.

“To be honest with you, I was hoping not to have to answer that question on a night when we win the Northwest Division,” Connelly responded Friday as the team celebrated its title.

Connelly grew up in Baltimore and had his first NBA job as an intern with the Wizards. He signed an extension with the Nuggets in February, but Kiszla notes that the organization doesn’t have a history of paying executives especially well, which led to the departure of Masai Ujiri in 2013. Kiszla suggests that Josh Kroenke, vice chairman of Kroenke Sports and Entertainment, should refuse any request from the Wizards to interview Connelly.

There’s more from the Southeast Division:

  • With the Hornets as a long shot to reach the playoffs, Shane Rhodes of Basketball Insiders examines some situations that might be better for free agent guard Kemba Walker. Rhodes states that the Suns are intriguing with Devin Booker and Deandre Ayton already in place and a high lottery pick about to join them. Rhodes names the Bulls, Knicks, Lakers and Mavericks as other possibilities.
  • Rick Bonnell of The Charlotte Observer examines whether the Hornets can afford to bring back Jeremy Lamb if they re-sign Walker. Lamb has established himself as a legitimate scorer and another crunch-time option, but the team would be well into luxury tax territory if it brings back both free agents. Bonnell speculates that it will probably take a max offer to keep Walker ($190MM over five seasons or up to $221MM if he makes an All-NBA team and qualifies for a super-max contract), plus something in the range of $10-$13MM annually for Lamb.
  • The Magic are interested in working out a new deal with Isaiah Briscoe this summer, tweets Keith Smith of Yahoo Sports. Briscoe, who is sidelined by a torn meniscus, was waived this week to open a roster spot for Michael Carter-Williams. He cleared waivers yesterday and is an unrestricted free agent.
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Bulls Notes: LaVine, Boylen, Markkanen

April 7th, 2019 at 10:31am CST by Arthur Hill

Zach LaVine doesn’t mind lashing back at critics who said the Bulls made a mistake when they matched the four-year, $78MM offer sheet he received from the Kings last summer, relays K.C. Johnson of The Chicago Tribune. LaVine is posting career highs in scoring (23.7 PPG), rebounds (4.7) and assists (4.5) while shooting a career-high 46.7% from the field.

“Now it’s looking like I’m a pretty good deal, right?” he said.

The only thing that hasn’t improved for LaVine this season is his team’s won-loss record. After three years in Minnesota, Lavine was hoping to be part of a resurgence in Chicago when he was acquired in a trade two years ago. Instead, the Bulls are limping to the finish line at 22-58. LaVine promises next year will be different, health permitting.

“I haven’t played in a meaningful game in five years of my career, so it’s getting to the point where you really want to start looking past ‘self’ things and moving toward you want to win,” he said. “We’re in the right direction moving forward, but we have to make some changes individually and as a team to get to that point.”

There’s more today out of Chicago:

  • Injuries have left the Bulls with a depleted roster, but Jim Boylen hasn’t changed his approach to coaching, Johnson tweets. Chicago started recently promoted G Leaguers Rawle Alkins and Walt Lemon in last night’s loss to the Sixers, along with Wayne Selden, Shaquille Harrison and Robin Lopez. “It’s not an option for me to coach only the established guys or whatever,” Boylen said. “I can’t be different than I’m asking them to be. I talk about when they step on the floor, no matter where you’re from or how much you money you make, you gotta compete. Well, I gotta be the same way.” (Twitter link).
  • The results are good so far for Lauri Markkanen, who has been shut down for the rest of the season because of a rapid heart rate, relays Joe Cowley of The Chicago Sun-Times. Boylen said Saturday that Markkanen has been working out while wearing heart monitors and all the medical tests have been encouraging. ‘‘We’re very positive about where he’s at and where he’ll be,’’ Boylen said. ‘‘He’s in great spirits. They’re still doing some daily evaluations of where he’s at.’’
  • The Bulls changed the course of their franchise by trading away Jimmy Butler in 2017, but injuries have prevented them from assessing how their young core fits together, Johnson notes in a separate story.
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