- The Cavaliers are believed to be interested in signing Rodney Hood to a three-year contract, writes Terry Pluto of Cleveland.com. However, it’s not out of the question that Hood signs his qualifying offer with an eye on unrestricted free agency in 2019. Pluto also passes along some notes on Kevin Love‘s extension and Cleveland’s projected rotation in his latest Scribbles column.
Kevin Love expressed his desire to stay in Cleveland during his exit interview with the team following the NBA Finals, Jeff Zillgitt of USA Today reports. The power forward also reiterated his desire to stay once the news of LeBron James leaving town broke — during both interactions, he discussed his interest in a long-term deal.
Love inked a four-year extension with the Cavaliers worth an additional $120MM. As part of the arrangement, the big man declined his player option for the 2019/20 season, which is the first season the new pact will kick in.
Here some notes and reactions on the deal signed by Cleveland’s newest face of the franchise:
- The Love signing suggests that the Cavaliers have no interest in a full teardown, Jeremy Woo of Sports Illustrated writes. Outside of rookie deals, Love is the only guaranteed contract on the books past the 2019/20 campaign.
- Cleveland is reportedly interested in giving both Larry Nance Jr. and Rodney Hood new deals, Woo adds. Nance has one season at roughly $2.27MM left on his current deal. Hood is a restricted free agent, though he hasn’t had much interest this offseason after a shaky start to his Cavs career.
- The belief around the league was that the Cavaliers were going to move their high-priced veterans, but it became clear early on that the franchise wasn’t going to find takers for many of its players, sources tell Steve Kyler of Basketball Insiders. The scribe adds that Cleveland remains open to trades. However, after locking Love down long-term, there isn’t much urgency to move veterans.
The Cavaliers have insisted all offseason that they don’t intend to trade Kevin Love, and now they’ve doubled down on that position, locking up the All-Star forward to a long-term contract. According to ESPN’s Adrian Wojnarowski and Brian Windhorst, Love has signed a four-year, $120MM extension with the Cavs. The club has confirmed the deal in a press release.
“When I first came to Cleveland, I came with a long-term mindset,” Love said in a statement. “I came here to win. We developed a culture here that reflects that. I’m super excited and I couldn’t be happier. It’s a big commitment for me and it’s a big commitment from the Cavaliers, so I want to thank Dan Gilbert, Koby Altman and the entire organization. I enjoy playing here, I’m excited about the team that we have and look forward to our future together.”
As part of the agreement, Love has declined his player option for 2019/20, with the first year of his new deal replacing that option. Factoring in the final year of his current contract, which will pay him $24.12MM in 2018/19, the veteran big man is on track to earn nearly $145MM over the next five seasons. The extension won’t include a player option or a no-trade clause, per Joe Vardon of Cleveland.com.
Love, who joined the Cavaliers shortly after LeBron James returned to Cleveland in 2014, has averaged 17.1 PPG and 10.0 RPG during his four years with the franchise. Although he earned a pair of All-Star nods during those seasons, he was never the centerpiece of the Cavs’ offense the way he was in Minnesota, when he averaged 23.5 PPG and 13.7 RPG in his last four years with the Timberwolves.
The Cavs’ new deal for Love, which will run through 2023, looks like a bet on him recapturing his Wolves form – at least to some extent – now that he no longer has to take a back seat to James and Kyrie Irving. While an increasing salary cap will make the contract more manageable in future seasons, it’s still a significant investment in a player who will turn 30 in September and will be 34 by the end of the deal.
Following James’ departure from Cleveland earlier this month, the Cavs insisted both publicly and privately that trading Love wasn’t in their plans, though multiple reports suggested that he wasn’t untouchable either. Today’s move ensures that Love will remain a Cavalier for the foreseeable future — because his deal exceeds the limit for an extend-and-trade transaction, he can’t be dealt for the next six months.
An extension for Love can start at up to 120% of his 2018/19 salary, and according to Windhorst (Twitter link), it will do just that. Windhorst notes that the deal will be worth the maximum allowable amounts in the first two years before staying the same in the third year, then decreasing in the final year. It’s about $8-9MM less than Love’s maximum possible contract extension starting in ’19/20, adds Windhorst.
Based on my calculations, that structure should result in salaries of approximately $28.9MM (2019/20), $31.3MM (2020/21), $31.3MM (2021/22), and $28.9MM (2022/23).
Photo courtesy of USA Today Sports Images.
Before he officially signed a one-year, minimum-salary contract with the Nuggets, Isaiah Thomas reached out to Celtics president of basketball operations Danny Ainge to see if a return to Boston might be possible, writes ESPN’s Adrian Wojnarowski. According to Thomas, he and Ainge talked for about 15 or 20 minutes, with the point guard saying, “If the opportunity is there, I would just like to let you know that I’d love to come back.”
Ainge didn’t rule out the possibility of re-signing Thomas less than a year after trading him to Cleveland, but he and the Celtics needed to address Marcus Smart‘s contract situation before deciding whether a reunion with Thomas was in the cards. While Ainge was willing to continue the conversation, Thomas elected to sign with Denver before the C’s locked up Smart, closing the door on the possibility for now. Still, it sounds like Thomas would be open to heading back to Boston in the future if the opportunity arises.
“S–t, I’d have gone back,” Thomas says. “I don’t hold grudges.”
Here’s more on Thomas from Wojnarowski’s feature:
- The Nuggets‘ offer was the only real one Thomas received in free agency, which he calls “disrespectful.” However, he believes that his health was a major deterrent for interested teams. “People are scared of my hip now,” Thomas said, per Wojnarowski. “I just had to be real with myself. I had to understand that it’s not going to be about the money this summer. I’ve got to show people that I can play — and play at a high level again. And I will.”
- Thomas views his decision to play through his hip injury in the 2017 postseason as one that cost him in the long term. “If I didn’t play in the playoffs, I’d be OK,” Thomas said. “I’d be getting paid. I’d be who I am — who I was. But you couldn’t tell me in that moment in time — with everything I was going through — that, OK, I should just sit out. … I played until I literally couldn’t play anymore. And that was not a good business decision if I was looking in the long term, but I was looking in the ‘right now.’ That’s just what it was.”
- Thomas also believes it was a mistake to get back on the court in January for the Cavaliers, suggesting he should have waited until after the All-Star break rather than rushing back early.
- Nuggets head coach Mike Malone said he’ll welcome Thomas’ “voice and personality” into what has been a “quiet” locker room. “I want Isaiah to be Isaiah,” Malone said.
- Thomas isn’t concerned about his specific role in Denver as long as he gets the opportunity to show that he’s healthy. “I’m not worried about starting or coming off the bench now,” Thomas said. “I’m worried about playing well and showing the world who I am again. Once the people see that I can play — and play at a high level still — they won’t be able to deny me next summer. They won’t be able to deny me what I bring on the court and off the court for an organization.”
The Cavaliers, who were linked to Luke Babbitt and Trevor Booker over the weekend, continue to explore the free agent market as they consider how to fill out their roster. According to Joe Vardon of Cleveland.com, the club has spoken with free agent swingman David Nwaba, who has reciprocated the Cavs’ interest.
After opening the month as a restricted free agent, Nwaba had his qualifying offer rescinded by the Bulls on July 12. The 25-year-old reportedly drew interest from the Lakers, Spurs, and other teams upon becoming an unrestricted free agent, but he has yet find a new NBA home.
A former undrafted free agent, Nwaba had a solid season for the Bulls in 2017/18, averaging 7.9 PPG and 4.7 RPG while playing strong perimeter defense in 70 games (21 starts). He was considered a candidate to receive a solid multiyear deal in free agency this summer, but with roster spots and spending power dwindling around the league, it’s no longer clear what sort of payday Nwaba could realistically seek.
Nwaba would be an interesting target for the Cavs, who still have their full mid-level exception available and could use another strong defender in the wing. However, Cleveland’s cap situation remains uncertain as long as restricted free agent Rodney Hood stays unsigned.
Vardon indicated on Friday that the Cavs are still negotiating a possible deal with Hood. If he receives a starting salary in the $10-12MM range, it would put Cleveland’s team salary right up against the luxury-tax line. That would leave little flexibility to add any other players for more than the minimum — unless, of course, team owner Dan Gilbert is willing to go back into the tax for a roster that no longer features LeBron James. Trades or cuts could also create a little extra spending power below the tax line for the Cavs.
Two European teams are hoping to sign former Cavaliers two-way player London Perrantes, according to Nicola Lupo of Sportando. The French club Limoges has expressed interest in Perrantes, who received a two-year offer on Friday from Olimpia Milano in Italy, which plans to loan him to VL Pesaro during his first season.
Cleveland waived the 23-year-old point guard last month after one season with the organization. Perrantes appeared in 14 games for the Cavs and averaged less than five minutes per night. His G League numbers were much better as he posted an 11.9/3.4/7.8 line while starting 35 games for the Canton Charge.
A four-year player at Virginia, Perrantes got the opportunity in Cleveland just before the start of last season. Prior to that, he had been signed and waived by the Spurs.
There’s more overseas news to pass along:
- Former Laker Tyler Ennis‘ decision to sign with Fenerbahce is examined by Kostas Giataganas of Eurohoops. Ennis will join ex-Spur Joffrey Lauvergne on the Turkish club and will follow his brother Dylan, who played in Europe last season. Ennis was waived by the Lakers in June before his $1.7MM contract for next season became guaranteed. He appeared in 54 games for L.A. last year, averaging 4.1 points per night.
- Hassan Martin, who had an impressive performance with the Celtics‘ summer league team, is headed to Germany, Lupo relays in a separate piece. The former Rhode Island forward averaged 10 points and six rebounds per game in Las Vegas. He played in Japan last year.
- Former Hornets G Leaguer Terry Henderson has signed with Scaligera Verona in Italy, also according to Lupo. The one-time North Carolina State guard averaged 11.3 points in 42 games with the Greensboro Swarm last season.
The Cavaliers have reached out to free agents Luke Babbitt and Trevor Booker as they try to fill three open roster spots, according to Joe Vardon of Cleveland.com.
Cleveland saw its salary commitments for 2018/19 take a huge dive when LeBron James signed with the Lakers, but the Cavs still have a payroll of about $109.5MM. That’s over the $101.9MM salary cap, but about $20MM below the tax apron with the full mid-level exception ($8.6MM) and bi-annual exception ($3.3MM) still available.
Babbitt, 29, split last season between the Hawks and Heat. A career 40% shooter from 3-point range, Babbitt’s production fell after a February trade to Miami and he was barely used in the playoffs. Several European teams have expressed interest in signing him if he doesn’t land another NBA contract.
Booker, 30, spent parts of last season with the Nets, Sixers and Pacers. A rugged power forward, Booker had his best season in 2016/17, when he averaged 10.8 PPG and 8.0 RPG for Brooklyn.
No deal is considered imminent with either player, Vardon adds.
One of the Cavaliers’ open roster spots may be reserved for Rodney Hood, who had trouble adjusting to his new role after coming to Cleveland at the trade deadline but is still a valued prospect. He remains part of the plan for the future, a team source told Vardon. Hood is a restricted free agent, and the Cavs can match any offer he receives.
The source adds that Cleveland is “exploring all options” with its resources, including a $5.8MM trade exception from last summer’s Kyrie Irving deal that will expire August 22.
In addition, Vardon relays that there’s nothing new on a rumored trade that would send Kyle Korver to Philadelphia in exchange for Jerryd Bayless. The Cavs may see if they can get more for the 37-year-old marksman before dealing with the Sixers.
After having seemingly reached a two-year contract agreement with the Mavericks, Yogi Ferrell elected this morning to re-enter free agency. However, he doesn’t intend to drag out the process. According to Shams Charania of Yahoo Sports (Twitter link), Ferrell plans to make a decision within the next day or so.
Ferrell has received some interest from a handful of teams, including the Cavaliers and Pelicans, Charania reports, though a source tells Tim MacMahon of ESPN.com (Twitter link) that Cleveland’s interest came early in free agency. The Cavs haven’t had contact with Ferrell’s agent during the last couple weeks, says MacMahon.
As for New Orleans, the Pelicans used their full mid-level exception on Julius Randle and spent most of their bi-annual exception on Elfrid Payton. As such, the club couldn’t offer Ferrell more than the minimum. An offer that modest seems unlikely to win out, though it’s worth noting that a fully guaranteed two-year minimum contract would feature more guaranteed money than the Mavs’ offer did.
As we wait to see where Ferrell lands, here are a few more notes and rumors on free agents:
- Multiple NBA teams have expressed interest in former first-round pick Archie Goodwin, tweets Michael Scotto of The Athletic. However, Goodwin is seriously considering a lucrative contract offer from a Chinese team and is expected to head overseas unless an NBA team offers him a fully guaranteed salary for 2018/19, per Scotto.
- In a conversation with Bryan Kalbrosky of HoopsHype, free agent wing Shabazz Muhammad – another former first-round pick – says he’s in the best shape of his life. Muhammed, who remains on the lookout for a new NBA home, is also trying to improve his outside shooting, telling Kalbrosky that he’s shooting hundreds of corner threes every day.
- Veteran NBA point guard Tyler Ennis, who was waived by the Lakers in June, has signed a two-year deal with Fenerbahce Istanbul, according to the EuroLeague’s official site. Before heading to Europe, Ennis appeared in 186 NBA games over the last four seasons, spending time with the Suns, Bucks, Rockets, and Lakers.
JULY 20: While a trade involving Bayless and Korver is possible, it’s “far from certain,” a league source tells Marc Stein of The New York Times (Twitter link).
JULY 19: The Sixers and Cavaliers have had discussions about a Jerryd Bayless–Kyle Korver swap, sources tell Keith Pompey of the Philadelphia Inquirer (Twitter link).
Philadelphia is involved in the Carmelo Anthony–Dennis Schroder–three-way salary dump along with the Thunder and Hawks, though the move is on hold at the moment with the Sixers reportedly looking to make another move before finalizing the transaction. The organization has very little cap room left and the acquisition of Mike Muscala, the big man who would join Philly in the proposed three-team deal, would put them over the salary cap.
Korver will take home a salary of $7.56MM this upcoming season and he has $7.5MM on his contract for the 2019/20 campaign, though his salary then is non-guaranteed. Bayless will make approximately $8.56MM this season during the final year of his contract.
Korver began his NBA career with the Sixers, playing 337 games with the franchise across parts of five seasons. With LeBron James no longer with Cleveland, the 37-year-old may welcome a deal to a more competitive team.
The former second-round pick was a mainstay in the Cavs’ rotation during the regular season, although his participation during the playoffs was spotty, as the team had to sit him because of his inability to defend the perimeter. Bayless, who has dealt with various injuries since coming to the Sixers, hasn’t really carved out a nitch in Philadelphia. If the Sixers and Cavs make the swap, I’d speculate that an additional asset, such as a second-round pick or cash, will head Cleveland’s way as well.
Korver sits fourth all-time with 2213 shots made from behind the arc. This past season, he took over five threes per game, making 43.6% of his attempts.
Earlier tonight, we heard talk of the Cavaliers sending Kyle Korver to Philadelphia in exchange for Jerryd Bayless. While we wait to see if anything materializes in Cleveland, let’s take a look at some notes from the Central Division:
- The Cavaliers are not shopping Kevin Love, though he could be on the move if the right offer presents itself, ESPN’s Brian Windhorst mentions on the Lowe Post podcast. The scribe adds that Khris Middleton is in the same boat with the Bucks not deeming him untouchable nor looking to deal him.
- Cleveland waived Kendrick Perkins to “do right” by the big man and allow him to pursue training camp deals, a source tells Joe Vardon of Cleveland.com. The Cavaliers signed Perkins on the final day of the 2017/18 regular season back when LeBron James was still on the roster. The team had hoped to use Perkins’ contract as part of an offseason trade.
- The Pistons have added Tim Grgurich and Micah Nori as assistant coaches to Dwane Casey‘s staff, Ansar Khan of Mlive.com relays.
- Alex Boeder of NBA.com examines what Brook Lopez will bring to the Bucks. Lopez should be able to help the team stretch the floor with his three-point shot, as over 40% of his shots from the field last came from behind the arc.
- FIBA has banned Bucks center Thon Maker for three games in international play for his part in a brawl during a game in the Philippines earlier this month, according to an ESPN report. Maker said he disagreed with the decision in a written statement that was released on his Twitter account.