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Cap/Cash Notes: Warriors, Drummond, Clippers, Rockets, More

March 29th, 2021 at 10:25am CST by Luke Adams

When the Warriors traded Marquese Chriss to the Spurs and Brad Wanamaker to the Hornets at the trade deadline, they included cash in both deals. By moving Chriss’ $1.82MM cap hit and Wanamaker’s $2.25MM salary off their books, Golden State will generate substantial tax savings, which will outweigh the cash they gave up in the two trades.

As a result, the Warriors didn’t mind sending $1.85MM to the Spurs along with Chriss, per Bobby Marks of ESPN (Twitter link), and $2.2MM to the Hornets with Wanamaker, according to John Hollinger of The Athletic.

Teams are limited to sending out no more than $5.62MM in cash in 2020/21 trades, so the Warriors will be limited to about $1.57MM at the draft. Their yearly limit will reset once the new league year begins, so if Golden State reaches a draft-day trade that involves more than $1.57MM in outgoing cash, it’s a safe bet the team will wait until the 2021/22 league year starts to officially finalize it.

Here are a few more leftover cap-related notes from Marks and Hollinger on trades and buyouts:

Andre Drummond will earn the prorated veteran’s minimum of $794,536 on his new deal with the Lakers, which is – not coincidentally – the exact amount he gave up in his buyout with the Cavaliers, says ESPN’s Bobby Marks (Twitter link). Marks notes that the Lakers still have enough room under the hard cap to sign a 15th player.
The Clippers sent $2.75MM to the Kings in the Mfiondu Kabengele salary dump and $1.25MM to the Hawks in the Rajon Rondo trade, reports Hollinger.
The Rockets took in Avery Bradley‘s $5.64MM salary using part of the traded player exception created in the James Harden trade, allowing them to generate a larger TPE for Victor Oladipo, says Hollinger. That means, instead of having a $10.65MM TPE that expires early next season and a $2.77MM that expires at next season’s deadline, Houston has TPEs worth $5.02MM and $8.18MM. You can see more details here.
Gorgui Dieng gave up $699,952 in a buyout with the Grizzlies, according to Hollinger. That’s the exact amount the big man would have earned on a minimum-salary deal if he officially signed with the Spurs on Wednesday, but he completed his deal with San Antonio today, so it’ll be worth $729,737.
That leaves LaMarcus Aldridge as the only player to give up significantly more than his prorated minimum in a post-deadline buyout. As Hollinger explains, the discrepancy between the reported amounts of Aldridge’s buyout was due to escrow. Aldridge gave up $7.25MM in his agreement with the Spurs, which will work out to $5.8MM after factoring in the league’s escrow cut.

Larry Nance Jr. Continues To Support Franchise's Decision To Keep Him

March 28th, 2021 at 5:59pm CST by JD Shaw

Cavaliers forward Larry Nance Jr. is continuing to support the franchise’s decision to reject trade proposals involving him, Chris Fedor of Cleveland.com writes. Nance finished with 17 points, nine rebounds and five assists in the team’s 100-98 loss to Sacramento on Saturday. “We know what Larry is going to do. We know what he’s going to bring. He does a lot for us,” teammate Collin Sexton said. “Larry passes the ball, he rebounds, blocks shots, dunks. Larry does it all. Whenever you look at the stat sheet you always see him playing a full, complete game, touching everything. That’s Larry Nance. We can count on him anytime it’s time to put that jersey on.”

Cavs Talked To Mavs, Raptors About Drummond Trade

March 28th, 2021 at 2:33pm CST by Alex Kirschenbaum

Before ultimately agreeing to a buyout with veteran center Andre Drummond, the Cavaliers talked to the Mavericks and Raptors about potential trades for the former two-time All-Star’s expiring $28.7MM contract, according to Chris Fedor of Cleveland.com. The Cavs were ultimately unable to find a deal that made sense.

Cavaliers Buy Out Andre Drummond’s Contract

March 26th, 2021 at 4:45pm CST by Luke Adams

4:45pm: The buyout agreement is official, according to a team press release.

“I want to thank Andre for his contributions to our team both on and off the court, and for his professionalism and mutual cooperation as we navigated through this process with him and his representation,” GM Koby Altman said. “We have great respect for Andre as a person and a player here in Cleveland and we are happy to have reached an outcome that is in the best interest of both Andre and our team.”

12:53pm: The Cavaliers have reached a buyout agreement with center Andre Drummond, reports Chris Fedor of Cleveland.com (Twitter link). Drummond will be free to sign with any team once he officially clears waivers.

The move was expected, with reports on Thursday indicating that the Cavs were negotiating a buyout with Drummond after failing to find a favorable trade at the deadline.

Drummond, 27, is averaging a double-double for the eight consecutive season in 2020/21, with 17.5 PPG and 13.5 RPG in 25 games (28.9 MPG) for Cleveland. However, he wasn’t in the Cavs’ long-term plans, so the team pulled him out of its rotation in February to create more minutes for new center Jarrett Allen and to resolve his situation.

Drummond’s $28.75MM expiring salary made it impossible for the club to recoup anything of real value on the trade market. However, he could be as available on the free agent market for as little as the veteran’s minimum. Money will be one of the factors Drummond must consider as he weighs which team to join next, since some of his suitors – including the Lakers – will be limited to offering the prorated minimum, while others – like the Knicks – could go much higher.

His potential role and the opportunity to compete for a championship are other factors that Drummond will have to consider as he explores his options. Besides the Lakers and Knicks, the big man is expected to talk to the Clippers, Celtics, Hornets, and possibly the Nets.

Executives around the league reportedly view the Lakers as the frontrunners for Drummond.

Photo courtesy of USA Today Sports Images.

Cavs, Nuggets Finalize JaVale McGee Trade

March 26th, 2021 at 9:13am CST by Luke Adams

MARCH 26: The trade is official, the Cavaliers announced in a press release.

MARCH 25: The Cavaliers are finalizing a trade that will send veteran center JaVale McGee to the Nuggets, according to Shams Charania of The Athletic (Twitter link).

Cleveland will acquire big man Isaiah Hartenstein and a pair of second-round picks in the deal, reports ESPN’s Adrian Wojnarowski (Twitter link). Mike Singer of The Denver Post first reported that the two teams were discussing Hartenstein.

According to Chris Fedor of Cleveland.com (Twitter link), the picks headed to the Cavs are a top-46 protected 2023 second-rounder and an unprotected 2027 second-rounder.

The move represents a reunion for McGee, who was previously traded to the Nuggets at the 2012 trade deadline and spent the next three years with the franchise. The 33-year-old has played for Philadelphia, Dallas, Golden State, the Lakers, and Cleveland since then, averaging 8.0 PPG and 5.2 RPG in 33 games (15.2 MPG) this season for the Cavs.

In his return to Denver, McGee figures to slide into the backup center role behind Nikola Jokic. Hartenstein was penciled into that role at the start of the season, but had a somewhat underwhelming year, with 3.5 PPG and 2.8 RPG in 30 games (9.1 MPG). JaMychal Green, Zeke Nnaji, and Bol Bol have also seen some occasional minutes at the five, but McGee should be a more reliable veteran option for the Nuggets’ second unit.

As Singer observes (via Twitter), the Cavs were one of the teams with interest in Hartenstein before he signed with Denver last fall, so the 22-year-old should take on a bigger role in Cleveland. However, the second-rounders the Cavs are acquiring in the swap are probably a bigger factor in the team’s willingness to make the deal.

Although Hartenstein’s minimum-salary contract isn’t big enough to match McGee’s $4.2MM expiring deal, the Nuggets will be able to absorb that money using a trade exception created in last November’s Jerami Grant sign-and-trade and will still have about $5.33MM left on that exception, which expires in the offseason. The Cavs will create a $4.2MM traded player exception in the deal, while the Nuggets will generate a new $1.62MM TPE.

McGee will be an unrestricted free agent this summer. Hartenstein has a minimum-salary player option for 2021/22.

Photo courtesy of USA Today Sports Images.

Cavaliers To Negotiate Buyout With Andre Drummond

March 25th, 2021 at 2:21pm CST by Arthur Hill

The Cavaliers couldn’t find a taker for Andre Drummond before the trade deadline, so the two sides will begin talks on a buyout, tweets Chris Haynes of Yahoo Sports.

Cleveland was hoping to get at least a draft pick for the veteran center, but the right offer never came. Drummond’s $28.75MM salary was an impediment to getting a deal done, as most teams would have needed to include valuable players to match salaries. The Celtics, Knicks, Mavericks and Bulls were among the teams rumored to have interest in trading for Drummond.

Drummond is still a productive player, averaging 17.5 points and 13.5 rebounds per game, but he hasn’t played since February 12 while the Cavs have been searching for a trade partner. The 27-year-old will be a restricted free agent this summer.

The Lakers are considered the favorites to sign Drummond once he clears waivers, according to a report this week.

Trade Rumors: Powell, Drummond, McGee, Knicks

March 24th, 2021 at 7:35pm CST by Arthur Hill

The Rockets are among the teams having discussions with the Raptors about shooting guard Norman Powell, according to Jonathan Feigen of The Houston Chronicle. Citing someone with knowledge of the talks, Feigen reports that Houston is examining deals that would involve multiple teams and players.

Powell could provide a boost to the Rockets’ rebuilding project if they can sign him to a long-term deal. He is expected to turn down an $11.6MM player option and test the free agency waters this summer. The 27-year-old is in the middle of his best season, averaging 19.5 points per game and shooting 43.5% from 3-point range.

Powell is among the most popular names on this year’s trade market, with teams expressing interest in him numbering “in the teens,” tweets Marc Stein of The New York Times.

There’s more trade news to pass along:

The chances that the Cavaliers will find a taker for Andre Drummond are “50-50,” a source tells Chris Fedor of Cleveland.com. Cleveland is hoping to get at least a draft pick in return and is willing to wait all the way to Thursday’s deadline at 3pm Eastern to get a deal done, Fedor adds. Drummond hasn’t played since February 12, when the team decided to keep him out of action while it searched for a trade.
Cavaliers teammate JaVale McGee is drawing interest from several contenders, including at least one in the Eastern Conference, Fedor notes in the same story. Cleveland is seeking just a second-round pick in return for McGee, according to Fedor, and has no plans to buy him out if he’s not traded. At age 33, McGee has been through this experience before. “It’s definitely hard when you’re in the trade talks as a younger player I feel like, but as an older player, as myself, I’ve been in trade talks plenty of years and plenty of times,” he said. “I’ve figured out how to block it out, play my game and focus on what I have to do. If something happens at the trade deadline, it happens. If it doesn’t, it doesn’t. You really never know.”
The Knicks have become a “serious potential destination” for Drummond, tweets Kevin O’Connor of The Ringer. Eric Pincus of Bleacher Report points out that because New York has roughly $15MM in cap room, the team would only have to send about $14MM to Cleveland in exchange for Drummond (via Twitter).

Trade Rumors: Powell, Knicks, Nets, Pacers, Gordon

March 24th, 2021 at 5:23pm CST by Arthur Hill

The Pacers may be the team to watch in the competition for Raptors shooting guard Norman Powell, no matter what happens by Thursday’s trade deadline, according to Marc Berman of The New York Post. League sources tell Berman that Indiana is willing to outbid the field for Powell in free agency, even if it means overpaying.

The Knicks also have interest in Powell, Berman adds, but just as with Rockets guard Victor Oladipo, they’re reluctant to part with first-round picks and would want some assurance that he would re-sign before making a move.

New York’s front office believes the team has exceeded expectations this season and is confident that it can at least wind up in a play-in game with the current roster. Berman cites a feeling around the league that the Knicks will wait until the offseason for any major moves.

There’s more on the trade front:

The Knicks will have interest in signing Pelicans guard Lonzo Ball this summer, Berman adds in the same story. New Orleans is considering whether to trade Ball now instead of possibly losing him in free agency. If New York reaches a buyout with Austin Rivers, J.J. Redick will be a candidate to take his place on the roster, assuming that he’s bought out as well, but the Knicks would face competition from the Nets and other teams for Redick.
A source tells Berman that the Pacers haven’t put Malcolm Brogdon or Myles Turner on the trade market. A report Tuesday said Indiana was listening to offers for Brogdon.
The Nets are interested in Cavaliers centers Andre Drummond and JaVale McGee, according to Ian Begley of SNY.tv, but it’s not clear if Brooklyn will wait for a buyout or try to make a trade.
The Timberwolves are among the teams still pursuing Magic forward Aaron Gordon, tweets Marc Stein of The New York Times. Stein confirms a report that Minnesota and Orlando had serious discussions about Gordon in January before he injured his ankle.

Trade Rumors: Pelicans, Bledsoe, Knicks, Pacers, Holiday, More

March 24th, 2021 at 4:00pm CST by Luke Adams

The Pelicans are hoping to move off some of their expensive, longer-term contracts, according to Joe Vardon of The Athletic, who points to Eric Bledsoe and Steven Adams as two players who fit that bill. Since neither Bledsoe nor Adams looks like a positive trade asset at this point, a more appealing young player like Lonzo Ball could “serve as a reward” for a trade partner who is open to absorbing one of those contracts, Vardon writes.

Reports from Ian Begley of SNY.tv and Mike Mazzeo (Twitter link) also suggest that the Pelicans are looking to dump some long-term salary. Begley hears from sources that New Orleans has spoken to multiple teams – including the Knicks – about attaching a first-round pick to Bledsoe’s contract in potential trades. It’s not clear what sort of return the Pels are seeking in exchange for Bledsoe and a first-rounder.

Meanwhile, Mazzeo hears that the Knicks and Pelicans have discussed the possibility of a trade that includes both Ball and Bledsoe, but that New York would want to find a third team to take on Bledsoe’s contract in that scenario.

Here are a few more of the latest trade rumors from around the NBA:

Although at least one “prominent voice” within the Knicks‘ organization is in favor of acquiring Andre Drummond from the Cavaliers, the majority of the front office doesn’t view the big man as a fit, according to Begley.
The Pacers have held numerous trade discussions this week about Myles Turner, Aaron Holiday, and Doug McDermott, league sources tell Jake Fischer of Bleacher Report (Twitter link). A previous report stated that Indiana would have to be blown away to move Turner this week, but Holiday and McDermott are more viable trade candidates.
Addressing the Holiday situation, J. Michael of The Indianapolis Star cites league sources who say that many people around the Pacers guard are hoping he’s dealt this week or during the offseason. Playing time is a top priority for Holiday, and he has seen his minutes dip to 18.0 per game under Nate Bjorkgren this season (after averaging 24.5 MPG a year ago). According to Michael, the Knicks and Suns have had interest in Holiday in the past, but it’s not clear if he’s on either team’s radar now.
If LaMarcus Aldridge is bought out rather than traded, the Suns would be in the mix, though the Heat and Nets would probably be ahead of Phoenix in the pecking order, tweets Brad Townsend of The Dallas Morning News.

Trade Rumors: Celtics, Raptors, Herro, McGee, Mavs

March 24th, 2021 at 12:50pm CST by Luke Adams

Reports earlier this week stated that acquiring Aaron Gordon and Evan Fournier from the Magic could cost the Celtics a package that includes Marcus Smart and two first-round picks. However, a source tells Mark Murphy of The Boston Herald (Twitter link) that Boston is currently offering a first-round pick and a young player (not Smart) for Gordon, and are trying not to include a second first-rounder in a potential deal.

Murphy’s report doesn’t mention Fournier, which makes sense — if the Celtics want both Gordon and Fournier, a higher-priced player like Smart would need to be included for salary-matching purposes, since only one of those players would fit into Boston’s $28.5MM traded player exception. But if the C’s are just targeting Gordon, salary-matching wouldn’t be necessary.

Here are a few more trade rumors from around the NBA:

The Raptors are continuing to push for Tyler Herro‘s inclusion in any trade with the Heat involving Kyle Lowry, reports Barry Jackson of The Miami Herald (Twitter link). Meanwhile, Jason Dumas of KRON4 News says (via Twitter) that the Sixers view acquiring Lowry as a long shot.
Several contending teams are in the mix for Cavaliers center JaVale McGee, according to Shams Charania of The Athletic, who says there’s a “strong sense” that a deal will be made by Thursday’s deadline.
Appearing today on 105.3 The Fan in Dallas, Mavericks president Donnie Nelson suggested that a big deadline splash is unlikely for his team, as Callie Caplan of The Dallas Morning News tweets. “Don’t get your hopes up,” Nelson said. “We like this young crew.” Head coach Rick Carlisle has also expressed skepticism that the Mavs will make any significant moves, writes Brad Townsend of The Dallas Morning News.