Cleveland Cavaliers Rumors | Hoops Rumors

Forbes Releases 2020 NBA Franchise Valuations

February 11th, 2020 at 11:44am CST by Luke Adams

The Knicks have had a miserable 12 months, finishing the 2018/19 season with a league-worst 17 wins, missing out on their top free agent targets, and then firing head coach David Fizdale and president of basketball operations Steve Mills during the 2019/20 season.

None of that seems to have had a noticeable impact on the team’s market value though. Once again, the franchise is considered the most valuable of any of the NBA’s 30 clubs, according to a report from Kurt Badenhausen of Forbes. The Lakers and Warriors aren’t far behind, having both surpassed the $4 billion mark for the first time this year.

For the first time, all 30 NBA teams have a perceived worth of $1.3 billion or more, per Forbes’ annual report. Every team’s value increased by at least 6% since Forbes put out their 2019 valuations last February, with a handful of franchises jumping by 20% or more.

The NBA-wide average of $2.12 billion per team in 2020 is also a new record — that league-wide average surpassed the $2 billion mark for the first time. NBA franchise values are up almost sixfold over the last decade, according to Badenhausen.

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

New York Knicks: $4.6 billion
Los Angeles Lakers: $4.4 billion
Golden State Warriors: $4.3 billion
Chicago Bulls: $3.2 billion
Boston Celtics: $3.1 billion
Los Angeles Clippers: $2.6 billion
Brooklyn Nets: $2.5 billion
Houston Rockets: $2.475 billion
Dallas Mavericks: $2.4 billion
Toronto Raptors: $2.1 billion
Philadelphia 76ers: $2 billion
Miami Heat: $1.95 billion
Portland Trail Blazers: $1.85 billion
San Antonio Spurs: $1.8 billion
Sacramento Kings: $1.775 billion
Washington Wizards: $1.75 billion
Phoenix Suns: $1.625 billion
Denver Nuggets: $1.6 billion
Milwaukee Bucks: $1.58 billion
Oklahoma City Thunder: $1.575 billion
Utah Jazz: $1.55 billion
Indiana Pacers: $1.525 billion
Atlanta Hawks: $1.52 billion
Cleveland Cavaliers: $1.51 billion
Charlotte Hornets: $1.5 billion
Detroit Pistons: $1.45 billion
Orlando Magic: $1.43 billion
Minnesota Timberwolves: $1.375 billion
New Orleans Pelicans: $1.35 billion
Memphis Grizzlies: $1.3 billion

The Raptors are among this year’s big “winners,” with their value rising 25%, from $1.675 billion a year ago to $2.1 billion this year following their first NBA championship. The Clippers also had a noteworthy bump, moving from ninth place on Forbes’ list to sixth after landing Kawhi Leonard and Paul George last summer.

Although every franchise’s value increased, the Nets had the smallest jump, just 6%. The Magic‘s modest 8% increase resulted in the team slipping from 23rd on last year’s list to 27th this year.

It’s worth noting that when a franchise has been sold in recent years, the price often exceeds Forbes’ valuation, so these figures are just estimates.

Cavs Sign Alfonzo McKinnie To Four-Year Contract

February 10th, 2020 at 4:05pm CST by Luke Adams

FEBRUARY 10: Alfonzo McKinnie will earn a $1.5MM salary for the remainder of the 2019/20 season, according to ESPN’s Bobby Marks (Twitter link). Following this year, however, McKinnie’s deal through the 2022/23 season is non-guaranteed.

FEBRUARY 8: The signing is official, the team announced in a press release.

FEBRUARY 7: After signing him to a pair of 10-day contracts, the Cavaliers are bringing back swingman Alfonzo McKinnie on a multiyear deal, league sources tell Adrian Wojnarowski of ESPN (Twitter link).

Since Cleveland still has its mid-level exception available, the team has the ability to lock McKinnie up long-term and has opted to do so, according to Kelsey Russo of The Athletic, who reports (via Twitter) that the two sides agreed to a four-year deal worth $7.2MM. We’ll have to wait for the full details on that agreement, but it sounds like McKinnie may receive more than the prorated minimum this year. The later seasons almost certainly won’t be fully guaranteed.

McKinnie, who was a rotation player for the Warriors team that won the West last season, was the victim of a cap crunch in the fall and was beaten out by Marquese Chriss for Golden State’s final roster spot. McKinnie was claimed off waivers by the Cavaliers, who released him in January before his salary for 2019/20 could become fully guaranteed. However, he remained in Cleveland’s plans, signing those two 10-day deals before agreeing to a long-term contract today.

In 35 games (14.3 MPG) for the Cavaliers this season, McKinnie has averaged a modest 4.2 PPG and 2.9 RPG on .414/.222/.704 shooting. While he has struggled with his outside shot, the 27-year-old has performed well on the defensive end of the court.

USA Basketball Announces 44 Finalists For 2020 Olympic Roster

February 10th, 2020 at 10:21am CST by Luke Adams

USA Basketball has formally announced a preliminary group of 44 players who are candidates to be part of the program’s roster for the 2020 Olympics in Tokyo.

The final roster will only consist of 12 players, so most of these finalists won’t actually play for Team USA at the Olympics. Some will likely withdraw from consideration, while others simply won’t make the final cut. However, these players have all expressed interest in being involved in the process.

“This is the first step in USA Basketball identifying the 12 players who will represent the United States as members of the 2020 U.S. Olympic Men’s Basketball Team in Tokyo,” said USA Basketball managing director Jerry Colangelo.

“… Over the course of the remainder of the NBA season we’ll continue to monitor all of the athletes. Selecting the 12-man USA roster will obviously be an extremely challenging and difficult process, and we will again attempt to select the very best team possible to represent our country and who we hope will be successful in our difficult mission of repeating as Olympic champions for a fourth consecutive Olympics.”

Although the U.S. men’s team has won three consecutive Olympic gold medals, the program had a disappointing showing at last year’s World Cup, finishing in seventh place. Team USA will be looking for a bounce-back performance in Tokyo this summer, with many players from that World Cup squad among the 44 finalists announced today.

Here’s the full list of players who are candidates to play for Team USA at the 2020 Olympics:

Bam Adebayo (Heat)
LaMarcus Aldridge (Spurs)
Harrison Barnes (Kings)
Bradley Beal (Wizards)
Devin Booker (Suns)
Malcolm Brogdon (Pacers)
Jaylen Brown (Celtics)
Jimmy Butler (Heat)
Mike Conley (Jazz)
Stephen Curry (Warriors)
Anthony Davis (Lakers)
DeMar DeRozan (Spurs)
Andre Drummond (Cavaliers)
Kevin Durant (Nets)
Paul George (Clippers)
Draymond Green (Warriors)
James Harden (Rockets)
Montrezl Harrell (Clippers)
Joe Harris (Nets)
Tobias Harris (76ers)
Gordon Hayward (Celtics)
Dwight Howard (Lakers)
Brandon Ingram (Pelicans)
Kyrie Irving (Nets)
LeBron James (Lakers)
Kyle Kuzma (Lakers)
Kawhi Leonard (Clippers)
Damian Lillard (Blazers)
Brook Lopez (Bucks)
Kevin Love (Cavaliers)
Kyle Lowry (Raptors)
JaVale McGee (Lakers)
Khris Middleton (Bucks)
Donovan Mitchell (Jazz)
Victor Oladipo (Pacers)
Chris Paul (Thunder)
Mason Plumlee (Nuggets)
Marcus Smart (Celtics)
Jayson Tatum (Celtics)
Klay Thompson (Warriors)
Myles Turner (Pacers)
Kemba Walker (Celtics)
Russell Westbrook (Rockets)
Derrick White (Spurs)

Scotto’s Latest: Gallinari, Nunn, Pacers, Nuggets, More

February 10th, 2020 at 10:10am CST by Luke Adams

When the Thunder and Heat discussed a potential Danilo Gallinari trade leading up to last week’s deadline, James Johnson, Kelly Olynyk, Kendrick Nunn, and draft compensation were among the various assets that came up in talks, league sources tell Michael Scotto of Bleacher Report. Miami reportedly wanted to extend Gallinari’s contract as part of a deal, but couldn’t agree to terms with his camp, which is one main reason the trade didn’t happen.

ESPN’s Zach Lowe wrote last week that he believed the Heat could’ve acquired Gallinari without surrendering any of their young players like Nunn. So even though his name came up in discussions, that doesn’t necessarily mean the Thunder would have insisted on his inclusion, depending on what other pieces were involved.

While Gallinari remained with the Thunder for this season, Scotto suggests the Heat and Knicks could be among his potential suitors this summer. Miami clearly has interest, and created some cap flexibility for 2020/21 by moving Johnson and Dion Waiters last week. New York, meanwhile, will have cap space and is hiring veteran CAA agent Leon Rose as its new president of basketball operations. Gallinari is a CAA client.

Here are a few more noteworthy tidbits from Scotto’s look at the post-deadline landscape:

The Knicks and Pacers discussed a possible Marcus Morris trade. According to Scotto, a package that featured Aaron Holiday, Doug McDermott, and T.J. Leaf was “briefly kicked around,” but didn’t end up going far.
McDermott’s name also came up in discussions about a potential Pacers trade with the Bucks involving Ersan Ilyasova, says Scotto. It’s not known which team initiated those talks.
Before the Cavaliers traded for Andre Drummond, they called the Pacers to ask about Myles Turner‘s availability, per Scotto. Indiana has remained firm on keeping Turner, though many executives expect the team to eventually break up its Turner/Domantas Sabonis frontcourt.
The Nuggets discussed the possibility of trading Gary Harris, Malik Beasley, and Juan Hernangomez as part of a package for Bulls guard Zach LaVine or Pelicans guard Jrue Holiday, sources tell Scotto. New Orleans set a very high asking price for Holiday, while LaVine was said to be “off-limits” for Chicago, so Denver didn’t get far on either front.

Cavaliers Sign J.P. Macura, Malik Newman To 10-Day Deals

February 9th, 2020 at 4:29pm CST by JD Shaw

The Cavaliers have signed guards J.P. Macura and Malik Newman to 10-day contracts, the team announced in a press release.

The transactions bring Cleveland’s total roster count to 17 players, which includes Dean Wade and Matt Mooney on two-way contracts.

Macura, 24, has appeared in 32 games with Cleveland’s G League affiliate, the Canton Charge. He’s averaged 14.8 points, 4.4 rebounds and 2.2 assists across those contests, playing 30.1 minutes per game.

Newman, 22, has appeared in 31 contests with Canton this season, holding per-game averages of 17.4 points, 3.4 rebounds and 4.1 assists in 30.9 minutes. He also spent time with the team during summer league in 2019.

Cleveland was active around the trade deadline last week, trading for star center Andre Drummond while sending Brandon Knight, John Henson and a future second-round pick to Detroit. The team has upcoming games against the Clippers on Sunday and Hawks on Wednesday before the All-Star break.

Macura and Newman will both be eligible to play in three games over the course of their 10-day deals, with Cleveland also visiting Washington the Friday after All-Star Weekend.

Cavs Notes: Drummond, Thompson, Lue, Post-LeBron Era

February 9th, 2020 at 12:58pm CST by Arthur Hill

Andre Drummond thought he was being pranked when he heard about the trade to the Cavaliers, but now he’s excited for the opportunity, writes Chris Fedor of Cleveland.com. Drummond went through his first practice with the team yesterday and is expected to make his debut tonight.

“I was truly excited to be somewhere I’m wanted, really happy to start a new chapter here,” he said. “I’m just looking forward to being with the guys. I’m just looking forward to playing in a Cleveland Cavalier jersey. Everything happens for a reason. I look at it as a bright note for me, for my family to start somewhere new and be with a great group of guys.”

Drummond quickly acclimated himself to his new surroundings, Fedor states. His new teammates were welcoming, including Tristan Thompson, who will move to the bench as Drummond becomes the starting center.

“I’m not taking anybody’s job, I’m just here to play,” Drummond said. “I didn’t come here expecting anything. I’m just here to do my job, whatever they need me to do, I’ll get it done.”

There’s more from Cleveland:

The chance to add Drummond didn’t arise until Wednesday night, Fedor relays in a separate story. Cavs general manager Koby Altman told his staff to think about it overnight, and the consensus was that the price — the expiring contracts of John Henson and Brandon Knight plus a future second-round pick — was too good to refuse. “I’m sure Detroit has a plan in place in terms of what they want to do either with their cap space or with their future trajectory as a franchise, but our job is to make sure we’re exploring every opportunity out there and making sure we’re doing what’s best for our franchise,” Altman said. “Adding a talent of this magnitude is something that we couldn’t pass up and he also fits our timeline in terms of his age — he’s 26 years old — so he fits with some of our younger guys.”
As Clippers assistant Tyronn Lue prepares to return to Cleveland tonight, he tells Joe Vardon of The Athletic that he wishes he could still be coaching the Cavaliers. “What I tried to build there, I think the culture I tried to set … I thought we could do it together,” Lue said. “Koby being a young GM, me being a young coach, having young players. I won a championship there, so you have a chance and an opportunity to do something different, and you should have that leeway to be able to go through a couple challenging years. To win a championship and go to the (NBA) Finals should buy you a little time, you would think.”
Jason Lloyd of The Athletic examines why the Cavs have struggled so much after losing LeBron James for a second time, when they were believed to be in a better position than in 2010.

Drummond Likely To Opt In; Cavs Won’t Mind

February 7th, 2020 at 6:09pm CST by Dana Gauruder

Andre Drummond is likely to opt in for next season and the Cavaliers won’t mind if he remains off the free agent market, according to Chris Fedor of the Cleveland Plain Dealer.

Drummond, who was dealt by the Pistons for the expiring contracts of Brandon Knight and John Henson and a second-round pick, was expected to leave $28.75MM on the table and test a weak free agent market. However, the possibility of Drummond opting in convinced Detroit to trade him. Sam Amico of SI.com also reported earlier today that Drummond is planning to opt in (Twitter link).

Cleveland was aware that Drummond might do so but made the deal with the intention of keeping the league’s premier rebounder around beyond this season.

“I think in terms of his age and what he brings to our team, absolutely we consider him a potential long-term play,” Cavaliers GM Koby Altman said. “Obviously, he has a player option that if he picks up, we think we’re in good shape to assume, in terms of our cap space. There’s no better money spent than Andre Drummond if he picks up his option, so with the player option or not, we have flexibility and optionality moving forward.”

We have more on Cleveland’s acquisition of Drummond:

The Cavs have had their eyes on Drummond for awhile after seeing him in the division four times a season, ESPN’s Eric Woodyard relays. Cleveland believes he’ll fit in well with its young core. “Adding a talent of this magnitude is something that we couldn’t pass up, and he also fits our timeline in terms of his age,” Altman said. “He’s 26 years old, so I think he fits with some of our younger guys and our timeline, so when the opportunity arose, we jumped on it, and here we are.”
Drummond is represented by Jeff Schwartz, the agent who represents power forward Kevin Love, and that’s not necessarily a good thing, Jason Lloyd of The Athletic writes. Love’s unhappiness with the organization is well documented, which means Drummond already knows plenty about Love’s grievances, Lloyd points out.
The Cavaliers could have ensured themselves approximately $40MM in cap space this summer by not making this deal but there was no one else in the market worth spending their money on, Lloyd notes in the same piece. They might use same strategy they did with Love and offer to overpay him with a long-term contract in an effort to convince Drummond to stay long term, Lloyd adds.

NBA Teams With Open Roster Spots After Trade Deadline

February 7th, 2020 at 4:28pm CST by Luke Adams

The 2020 NBA trade deadline has come and gone, so teams that had been holding open roster spots in case they needed them before a last-minute deal can now fill those openings, if they so choose. The Nets did exactly that today — after holding their 15th roster spot open through the deadline, they signed Timothe Luwawu-Cabarrot to a multiyear contract today to fill it.

While Brooklyn no longer has an open roster spot, a number of teams around the league still do. Here’s a quick breakdown of which clubs fit that bill and what their roster situations are, with their roster openings noted in parentheses:

Golden State Warriors (3): The Warriors initially had six roster openings, but signed Juan Toscano-Anderson and promoted Ky Bowman and Marquese Chriss to fill three of them. Zach Norvell and Jeremy Pargo are expected to sign 10-day deals, allowing Golden State to get to the league-mandated minimum of 14. The Dubs will probably keep their 15th slot open as they attempt to stay below the tax line.
Cleveland Cavaliers (2): Alfonzo McKinnie agreed to a long-term contract with the Cavaliers and will fill one of their two open spots once his deal becomes official. However, the team could re-open that second slot this weekend when Marques Bolden‘s 10-day contract expires.
Houston Rockets (2): The Rockets figure to keep a close eye on the buyout market as they look to reinforce their depth. They’ll have up to two weeks to get back to at least 14 players.
Atlanta Hawks (1): The Hawks opened a roster spot by trading Jabari Parker and Alex Len to Sacramento for Dewayne Dedmon. They’re not anywhere near the tax, so I’d expect them to fill that opening soon with a young player, either on a 10-day deal or a rest-of-season contract.
Los Angeles Clippers (1): The Clippers opened up one roster spot by trading Derrick Walton. They’re expected to open up a second by waiving Isaiah Thomas, a move that isn’t yet official. Like Houston, the Clips figure to scour the buyout market in an effort to fill its roster. Darren Collison is also an option if he decides to make a comeback.
Oklahoma City Thunder (1): The Thunder stood pat at the deadline and seem unlikely to fill that final roster spot anytime soon, since a 15th man would increase their projected tax bill.
Portland Trail Blazers (1): The same goes for the Trail Blazers, who remain in the tax even after moving Skal Labissiere for nothing at the deadline.
Denver Nuggets / Memphis Grizzlies / Orlando Magic (0): The Nuggets, Grizzlies, and Magic don’t currently have roster openings, but likely will soon. Denver is expected to waive Gerald Green, Memphis reportedly doesn’t intend to keep Dion Waiters, and Gary Clark‘s 10-day contract with Orlando will expire tonight.

Note: These roster counts are up to date as of the time of publication. This list is just a snapshot and won’t be updated to reflect subsequent moves, but our roster counts page will be.

Pistons Trade Andre Drummond To Cavaliers

February 6th, 2020 at 9:21pm CST by Dana Gauruder

9:21pm: It’s a done deal, with the Cavaliers and Pistons both issuing press releases to confirm the trade. Detroit announced in a separate release that, as expected, Frazier has been waived to make room on the roster for the incoming players.

1:19pm: The Cavaliers are finalizing a trade with the Pistons that will see them acquire center Andre Drummond, a league source tells ESPN’s Adrian Wojnarowski (Twitter link).

According to Kevin O’Connor of The Ringer (via Twitter), Detroit will receive Brandon Knight and John Henson, both of whom are on expiring contracts. Cleveland will also send the Pistons a second-round pick, per O’Connor.

The pick will be the lesser of Cleveland’s 2023 own pick or the 2023 second-rounder Golden State owes the Cavaliers, Chris Fedor of Cleveland.com tweets.

Drummond, the league’s premier rebounder, holds a $28.75MM option on his contract for next season and he’s expected to opt out and test a weak free agent market. The Pistons reportedly were prepared to retain Drummond after talks with the Hawks and Knicks fell through but ultimately decided to move on and go into rebuild mode. Detroit was looking for a first-round pick for Drummond but settled on the second-rounder, along with those expiring contracts.

The modest haul for Drummond was surprising but Detroit’s front office wanted to avoid the possibility of Drummond opting in, O’Connor adds in another tweet. It also gives Cleveland the opportunity to see how Drummond meshes with the young backcourt of Collin Sexton and Darius Garland.

The Pistons will now have approximately $35MM in cap space this summer, Bobby Marks of ESPN tweets. Cleveland will be close to the cap if Drummond opts in or re-signs with the starting salary in the $29-$30MM range, Marks adds.

Knight is making approximately $15.64MM and Henson has a $9.73MM contract, so the Pistons will shave some money off this year’s cap. They were perilously close to the luxury tax line prior to the proposed deal. Detroit was less than $4,000 under the tax line but moves to $1.7MM under the threshold via this trade, according to Marks (Twitter link).

Drummond has a $857K trade bonus that will be applied to his $27.1MM cap hit for this season, Marks relays in another tweet. Drummond, who has spent his whole career with Pistons since being chosen in the 2012 lottery, is averaging 17.8 PPG and an NBA-best 15.8 RPG this season.

The Pistons will have to open up a roster spot before making the trade official since it is at the 15-man limit. It’s likely that Tim Frazier, who has served as the No. 3 point guard behind Derrick Rose and Reggie Jackson, will be waived unless Detroit makes another trade, Vince Ellis of the Detroit Free Press tweets.

Photo courtesy of USA Today Sports Images.

Buyout Rumors: Ellington, Jackson, Jazz

February 6th, 2020 at 4:00pm CST by Dana Gauruder

Veterans on the trading block that teams were unable to move by Thursday’s deadline could still wind up with other teams. Below are updates on some of those players:

The Knicks will look into buying out shooting guard Wayne Ellington, Ian Begley of SNY-TV tweets. Ellington signed a two-year, $16MM contract with New York last summer but the second year is only guaranteed for $1MM. Ellington, 32, has appeared in just 24 games this season, averaging 4.0 PPG in 14.1 MPG. He’s a 37.7% career shooter from beyond the arc.
A buyout of point guard Reggie Jackson is an option for the Pistons but is termed “premature” for the time being, Yahoo Sports’ Vince Goodwill tweets. Jackson, who is making over $18MM in the final year of his deal, has missed a good chunk of this season with a back ailment. He is close friends with Andre Drummond, who is headed to Cleveland.
The Jazz will be one of the contenders scouring the buyout market both domestically and internationally, Tony Jones of The Athletic tweets. Utah explored several deals the past two days but couldn’t find one that made sense, Jones adds.
The Cavaliers are apparently uninterested in buying out center Tristan Thompson. Get the details here.