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Bulls Notes: Payne, Vonleh, Butler, Felicio

February 10th, 2018 at 10:04pm CST by Arthur Hill

Cameron Payne, who hasn’t played since having offseason surgery on his right foot, is expected back after the All-Star break, tweets Nick Friedell of ESPN. Coach Fred Hoiberg and VP of basketball operations John Paxson have stated that Payne will receive playing time whenever he is ready.

Payne has appeared in just 11 games for Chicago since being acquired from the Thunder at the 2017 trade deadline. He was assigned to the Bulls’ Windy City team in the G League earlier this week to shake off some rust before returning to the NBA club.

Taken 14th overall by the Thunder in the 2015 draft, Payne has yet to find success at the NBA level. He averaged 5.2 points and 1.8 assists last season in 31 games with Oklahoma City and Chicago.

There’s more tonight from the Windy City:

  • Newly acquired forward Noah Vonleh is sitting out tonight’s game and may not play until after the break, according to Friedell (Twitter link). Hoiberg wants him to get some practice time to get used to the Bulls’ system, and there may not be an opportunity for that until after Wednesday when the team will have eight straight days off.
  • Before the Timberwolves came to town Friday, Paxson discussed the Jimmy Butler trade, saying it has worked out well for both teams, Friedell relays in a full story. The Bulls sent Butler and Justin Patton to Minnesota on draft night for Zach LaVine, Kris Dunn and Lauri Markkanen. “We’re really happy,” Paxson said. “I won’t speak for Minnesota, but you got an All-Star player in Jimmy Butler that can go along with their young core. It seems to have addressed the desires of both teams. In this business, if you can do that, that’s a good thing.”
  • The lack of progress by backup center Cristiano Felicio has been puzzling, Sam Smith of NBA.com writes in a mailbag column. After two promising seasons, Felicio was rewarded with a four-year, $32MM deal last summer. But his numbers have gone down across the board, with averages of 3.8 PPG and 2.3 RPG in 13 minutes per night. Smith believes Felicio’s reluctance to shoot has hurt his game.
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Traded Player Exceptions Created In Deadline Deals

February 9th, 2018 at 12:39pm CST by Luke Adams

Before NBA teams started reaching trade agreements on Thursday, we published the latest entry in our Hoops Rumors Glossary, focusing on the traded player exception. As we explain in our breakdown, the traded player exception can allow over-the-cap teams to receive more salary than they send out in “simultaneous” trades.

The more common form of traded player exception is the one generated in a “non-simultaneous” trade, when a team send out a single player and takes back less salary – or none at all – in return. The team then has one calendar year to use that newly-created exception to acquire one or more players whose salaries fit into that exception.

For instance, the Raptors created a $11,800,000 trade exception in last July’s DeMarre Carroll trade with the Nets, meaning that on Thursday they could have acquired a player earning, say, $11MM without sending out any salary in return.

Not many teams took advantage of their outstanding trade exceptions on Thursday, but at least a couple teams appear to have completed trades with previously existing trade exceptions, or with disabled player exceptions. Nearly every trade completed on Thursday also generated at least one new trade exception, so we’ll round up those newly-created TPEs below.

With the help of tweets from cap experts Albert Nahmad and Bobby Marks, along with information from RealGM’s official transactions log, here’s a breakdown of the new TPEs, sorted by value. Not all of these exceptions have been confirmed with 100% certainty, but this is what we believe they’ll look like. These TPEs will expire if they’re not used by February 8, 2019:

Our list of outstanding traded player exceptions has been updated, and will be adjusted if necessary once we’re able to confirm all the TPEs listed above.

If you have any corrections or questions, please let us know in the comment section.

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Bulls Waive Tony Allen

February 9th, 2018 at 10:00am CST by Luke Adams

A week after acquiring him from the Pelicans, the Bulls have waived veteran guard Tony Allen, the team announced today (via Twitter). Assuming he goes unclaimed on waivers, Allen will become an unrestricted free agent on Sunday.

Allen, 36, appeared in 22 games this season for the Pelicans, averaging 4.7 PPG and 2.1 RPG in a very limited role (12.4 MPG). He has been sidelined since mid-December due to a fracture in his leg, though he recently told TNT’s David Aldridge (Twitter link) that he has been medically cleared to return to action.

The Pelicans included Allen in last week’s trade that sent Nikola Mirotic to New Orleans in order to clear some salary and open up a roster spot. The veteran was never in Chicago’s plans, but the Bulls held onto him through the trade deadline in case they were able to include him a trade and extract a tiny bit of value, as they did with Jameer Nelson. Bulls executive John Paxson said on Thursday that the club would speak to Allen’s agent to determine whether or not he’d be waived — now, it seems Chicago is giving the 14-year veteran a chance to sign with a playoff team.

While it remains to be seen whether Allen will be scooped up right away by a contender, the Thunder were said to have some interest in him. Because he’s on a one-year, minimum salary contract, Allen could be claimed off waivers by any team besides the Pelicans. If he clears waivers, his modest 2017/18 cap hit will remain on the Bulls’ books.

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Bulls Notes: Paxson, Lopez, Holiday, Allen, Dunn

February 8th, 2018 at 7:27pm CST by marksuleymanov

The Bulls were relatively quiet as the trade deadline passed on Thursday, completing a pair of minor deals involving Noah Vonleh and Jameer Nelson. Chicago’s major move came when the team dealt Nikola Mirotic to the Pelicans, which netted the team highly-coveted draft picks.

Vice president of basketball operations John Paxson, is happy with the Bulls’ moves and is excited about the future, Joe Cowley of The Chicago Sun-Times writes. Paxson compared draft picks to gold for teams as his franchise restocks for the future. In particular, Paxson likes having future high picks to go along with the young talent already on the roster.

“We look at it this way: We got the three young guys [Lauri Markkanen, Zach LaVine and Kris Dunn] when we made the [Jimmy Butler] trade for last year, we’re going to have two [first-round] picks most likely in this draft, and we’ve got Bobby [Portis] and Denzel [Valentine] as young guys,” Paxson said. “That’s seven young pieces, and we just need to continue to develop them, grow, and make the smart decisions, not get in a rush.’’

Check out other Bulls news and notes below:

  • Paxson said that the Bulls were offered several multiyear bad contracts in trade talks, but the team was not comfortable taking on significant money that went beyond the 2018/19 season, K.C. Johnson of the Chicago Tribune tweets. Paxson added that the Bulls were comfortable taking Omer Asik in the Mirotic trade because he is set to make just $3MM in 2018/19.
  • While the Bulls could have traded Robin Lopez and/or Justin Holiday, Paxson said their value as veteran leaders and teammates was too important to the club, Johnson tweets.
  • Tony Allen, who was acquired as part of the Mirotic trade, was reportedly set to be waived by Chicago. However, Paxson said the team will have a discussion with Allen’s agent before deciding on his future, Nick Friedell of ESPN tweets.
  • Point guard Kris Dunn is out of concussion protocol but he is still not ready to return, per the Associated Press. Dunn has missed the Bulls’ past eight games; he’s averaging 13.7 PPG and 6.4 APG for Chicago this season.
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Trail Blazers Trade Noah Vonleh To Bulls

February 8th, 2018 at 5:13pm CST by Luke Adams

5:13pm: The trade is now official, the Blazers announced in a press release.

1:26pm: The Trail Blazers have agreed to trade Noah Vonleh and cash to the Bulls in exchange for the draft rights to Milovan Rakovic, reports ESPN’s Adrian Wojnarowski (via Twitter). While the deal will hardly be the biggest blockbuster of the day, it’s an important one for Portland — the team will get under the luxury tax as a result of the move.

Vonleh, 22, was the ninth overall pick in the 2014 draft, but hasn’t developed into the sort of impact player that the Hornets – and then the Blazers – hoped for. In 2017/18, he has appeared in 33 games for Portland, starting 12. In 14.4 minutes per contest, Vonleh averaged 3.6 PPG and 5.1 RPG.

While the Blazers sneak below the tax line as a result of dumping Vonleh’s $3.5MM salary, the Bulls will move closer to the salary floor by taking on the rest of that contract. If Chicago likes what it sees from Vonleh down the stretch, the club will have the option of making him a restricted free agent with a qualifying offer this offseason.

Portland also created a trade exception worth $3,505,233 (Vonleh’s salary) in the transaction.

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Bulls Trade Jameer Nelson To Pistons

February 8th, 2018 at 1:53pm CST by Luke Adams

1:53pm: The Pistons have confirmed the trade via a press release.

10:11am: The Bulls are sending veteran point guard Jameer Nelson to the Pistons in a deadline-day trade, reports Shams Charania of Yahoo Sports (Twitter links). According to Charania, center Willie Reed will be headed to Chicago. The Bulls will also get the right to swap 2022 second-round picks with the Pistons, per Tim Bontemps of The Washington Post (via Twitter).Jameer Nelson vertical

Both Nelson and Reed have already been traded within the last week and a half — Nelson moved from New Orleans to Chicago in the Nikola Mirotic trade, while Reed was one of the pieces the Pistons acquired from the Clippers alongside Blake Griffin. Nelson and Reed were both eligible to be traded again this week, but couldn’t have had their salaries aggregated with another player’s salary in a deal.

For the Pistons, Nelson will help fortify the point guard position, which has been somewhat shorthanded this season due to Reggie Jackson‘s lengthy injury absence. Ish Smith and Dwight Buycks have done a respectable job handling point guard duties with Jackson on the shelf, but Nelson will provide a steady veteran hand.

Nelson, who will turn 36 on Friday, appeared in 43 games for the Pelicans this season, averaging 5.1 PPG and 3.6 APG with a .410/.364/.765 shooting line in 20.9 minutes per contest. In Detroit, he’ll reunite with Stan Van Gundy, who coached him for several seasons in Orlando.

As for Reed, the 27-year-old center was solid as a part-timer in Miami last season, averaging 5.3 PPG and 4.7 RPG in 71 games with the Heat. His per-minute numbers have remained solid for the Clippers and Pistons this season, but he’s playing a career-low 10.2 MPG. He was also recently hit with a six-game suspension as a result of a domestic incident that took place last summer, though the NBPA has filed a grievance on his behalf.

Like Nelson, Reed will be an unrestricted free agent this summer, so he seems unlikely to fit into the Bulls’ long-term plans. In fact, Vincent Goodwill of NBC Sports Chicago reports (via Twitter) that Chicago plans to immediately waive the big man.

The Bulls and Pistons will each create modest trade exceptions in the swap, with Chicago getting one worth Nelson’s salary ($1,429,818) and Detroit creating one worth Reed’s salary ($1,471,382).

Photo courtesy of USA Today Sports Images.

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And-Ones: Free Agent Market, Payne, Perkins, Booker

February 8th, 2018 at 10:54am CST by Arthur Hill

The bull market for free agents has ended and there will be few free-spending teams this summer, according to Brian Windhorst and Bobby Marks of ESPN. Many organizations are paying the price for the huge contracts that were handed out in 2016 as cap issues are forcing much of the league to take a more frugal approach.

This season, five teams are on pace to pay the luxury tax, which kicks in with a payroll topping $119MM. Twelve teams are projected to be in tax territory for 2018/19 and several more are in danger of getting there just by re-signing their own free agents. The authors list the Bucks as one team that will cross the line if they hold onto Jabari Parker.

“The luxury tax was not designed for this many teams to pay it,” a league executive told Windhorst and Marks. “Many of those owners probably didn’t think they’d be paying it. Quite a few of those teams are probably going to take steps to get out of the tax or limit new spending.”

When teams were handing out big contracts in the summer of 2016, they were expecting a salary cap in the range of $108MM for next season. That projection has been revised down to $101MM, leaving many in an unexpected dilemma. Only seven teams — the Lakers, Sixers, Bulls, Hawks, Mavericks, Suns and Nets — will have more than $10MM available to chase free agents, and virtually all of those teams are in rebuilding mode.

NBA agent Mark Bartelstein expects the situation to improve in 2019 and 2020 when those 2016 contracts start to expire.

There’s more NBA-related news this morning:

  • Max and “supermax” deals are the reason more stars seem to be on the trade market, writes Kevin O’Connor of the Ringer. Clippers consultant Jerry West had been urging owner Steve Ballmer to trade Blake Griffin ever since Chris Paul let the team know he wouldn’t be re-signing. Ballmer was convinced after Griffin’s latest injury, recognizing the risks of paying him $171MM over five years, including nearly $39MM in the 2021/22 season when he will be 32. Teams are taking stock of their future and weighing whether maxing out a star is worth giving up financial flexibility. O’Connor predicts fewer mid-sized deals, like the approximately $17MM the Magic are giving to Bismack Biyombo and Evan Fournier, in favor of more non-taxpayer midlevel exceptions, which are valued at $8.4MM an will rise to about $10MM before the current CBA expires.
  • Adreian Payne, who was waived by the Magic last month in the wake of the Michigan State scandal, had signed to play in Greece, relays the Associated Press. Payne had a two-way contract and played just four games for Orlando.
  • Veteran center Kendrick Perkins has decided to leave the G League Canton Charge, tweets Jeremy Woo of Sports Illustrated. Several teams have contacted him about signing after the deadline, and he may consider playing in China or Japan next year, depending how the rest of this season turns out, adds Jake Fischer of Sports Illustrated (Twitter link). Perkins officially “retired” from the G League so the Charge can receive compensation, according to 2 Ways & 10 Days.
  • Sixers forward Trevor Booker has changed agents in advance of his upcoming free agency, tweets Jeff Zillgitt of USA Today. Booker has signed with Jim Tanner’s Tandem Sports + Entertainment.
  • Lavoy Allen, who played 61 games for the Pacers last season, has joined the Northern Arizona Suns of the G League, the team tweeted.
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Justin Holiday Drawing Serious Interest

February 8th, 2018 at 9:42am CST by Luke Adams
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Central Notes: Pistons, S. Johnson, Dunn, Bucks

February 7th, 2018 at 9:59pm CST by Arthur Hill

The Disabled Player Exception the Pistons received doesn’t make them more likely to complete another deal before tomorrow’s trade deadline, writes Ansar Khan of MLive. Coach/executive Stan Van Gundy says tax concerns will limit the team’s ability to follow up last week’s blockbuster that brought Blake Griffin to Detroit.

“The chances of that helping us at all are very, very slim because it would take us into the [luxury] tax to begin with and we only have until March 12 to use it,” Van Gundy told reporters before tonight’s game. “I don’t expect it to be of much value, but you want to have every tool at your disposal.”

The Pistons’ DPE is valued at about $5.25MM, half the salary of Jon Leuer, who is out for the season with an ankle injury. The Griffin deal cost the team its top two scorers in Tobias Harris and Avery Bradley, but Van Gundy believes there are still enough good shooters on the roster.

There’s more news from the Central Division:

  • It might take a starter and a draft pick to pry Stanley Johnson away from the Pistons, according to Rod Beard of The Detroit News. Johnson is among the team’s best defensive players and has increased his offensive production over the past five games, averaging 15 points, 5.6 rebounds and 3.2 assists.
  • Bulls guard Kris Dunn returned to practice today for the first time since suffering a concussion after taking a hard fall in a January 17th game, writes Vincent Goodwill of NBC Sports Chicago. Dunn has been ruled out for Friday’s game, but is hoping to play again before the All-Star break. However, coach Fred Hoiberg warned that may not be possible. “He hasn’t done anything,” Hoiberg said. “His inactivity will prevent him from playing anytime soon. But the important thing is he was able to do some non-contact drills, he’s been on the treadmill, he’s completed the bike portion.” The Bulls are 1-7 without Dunn, who sparked a streak of success after moving into the starting lineup in December.
  • The Bucks created a $1.9MM trade exception when they shipped Rashad Vaughn to the Nets on Monday, tweets Bobby Marks of ESPN. Milwaukee also has two other trade exceptions valued at $3,4MM and $5MM.
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Forbes Releases 2018 NBA Franchise Valuations

February 7th, 2018 at 10:02am CST by Luke Adams

The Knicks are still reeling from Tuesday’s news that Kristaps Porzingis has suffered a torn ACL and will be sidelined for the rest of the season. While Porzingis’ injury essentially eliminates the Knicks from the playoff race in the East, team ownership can at least find some solace in the fact that the organization remains the highest-valued franchise in the NBA, according to a report from Kurt Badenhausen of Forbes.

For the first time, all 30 NBA teams have a perceived worth of $1 billion or more, per Forbes’ annual report. In 2017, 18 teams had a valuation exceeding $1 billion, which was up from 13 teams in 2016 and just three teams in 2015.

The league-wide average of $1.65 billion per team is also a record, with franchise valuations up 22% in total over last year’s figures. NBA franchise values have tripled over the last five years, according to Badenhausen.

Here’s the full list of NBA franchise valuations, per Forbes:

  1. New York Knicks: $3.6 billion
  2. Los Angeles Lakers: $3.3 billion
  3. Golden State Warriors: $3.1 billion
  4. Chicago Bulls: $2.6 billion
  5. Boston Celtics: $2.5 billion
  6. Brooklyn Nets: $2.3 billion
  7. Houston Rockets: $2.2 billion
  8. Los Angeles Clippers: $2.15 billion
  9. Dallas Mavericks: $1.9 billion
  10. Miami Heat: $1.7 billion
  11. San Antonio Spurs: $1.55 billion
  12. Toronto Raptors: $1.4 billion
  13. Sacramento Kings: $1.375 billion
  14. Washington Wizards: $1.35 billion
  15. Cleveland Cavaliers: $1.325 billion
  16. Portland Trail Blazers: $1.3 billion
  17. Phoenix Suns: $1.28 billion
  18. Oklahoma City Thunder: $1.25 billion
  19. Orlando Magic: $1.225 billion
  20. Utah Jazz: $1.2 billion
  21. Philadelphia 76ers: $1.18 billion
  22. Indiana Pacers: $1.175 billion
  23. Atlanta Hawks: $1.15 billion
  24. Denver Nuggets: $1.125 billion
  25. Detroit Pistons: $1.1 billion
  26. Milwaukee Bucks: $1.075 billion
  27. Minnesota Timberwolves: $1.06 billion
  28. Charlotte Hornets: $1.05 billion
  29. Memphis Grizzlies: $1.025 billion
  30. New Orleans Pelicans: $1 billion

For comparison’s sake, Forbes’ 2017 valuations can be found right here.

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