Cleveland Cavaliers Rumors | Hoops Rumors

Cavs Acquire Rodney Hood, George Hill In Three-Team Trade

February 8th, 2018 at 7:57pm CST by Luke Adams

7:57pm: The trade is official, according to press releases from the Jazz and Cavaliers. The terms of the deal are as follows:

Cavaliers acquire George Hill (from Kings), Rodney Hood (from Jazz), and the draft rights to Arturas Gudaitis (from Kings).
Jazz acquire Jae Crowder (from Cavs), Derrick Rose (from Cavs), and the right to swap 2024 second-round picks with the Cavs.
Kings acquire Iman Shumpert (from Cavs), Joe Johnson (from Jazz), the Heat’s 2020 second-round pick (from Cavs), cash ($2.1MM from Cavs; $1.1MM from Jazz), and the draft rights to Dimitrios Agravanis (from Cavs).

1:41pm: ESPN’s Brian Windhorst adds more details on this complex three-team deal, tweeting that the Kings will receive $2.1MM from the Cavs and $1.1MM from the Jazz. Utah will have the option of swapping second-round picks in 2024 with the Cavs. Cleveland also acquired the draft rights to Arturas Gudaitis from the Kings and surrendered the draft rights to Dimitrios Agravanis.

12:03pm: A busy day in Cleveland continues, as the Cavaliers have agreed to acquire Rodney Hood from the Jazz in a three-team trade, according to ESPN’s Adrian Wojnarowski (Twitter links). The Cavs will also receive George Hill from Sacramento in the deal, with the Jazz acquiring Jae Crowder and Derrick Rose.

The Kings will get Joe Johnson and Iman Shumpert, per Woj (Twitter link). TNT’s David Aldridge tweets that Sacramento will also acquire a future draft pick and cash considerations, with Sam Amick of USA Today providing some details (via Twitter), reporting that the pick will be Miami’s 2020 second-rounder from Cleveland. The Kings will also get a little over $3MM in cash, Amick adds.

The move, which comes on the heels of the Cavs reaching a deal with the Lakers for Jordan Clarkson and Larry Nance Jr., further reshapes a Cleveland roster that will look a whole lot different by the end of the day than it did at the start of it.

By surrendering Crowder, Rose, and Shumpert in exchange for Hood and Hill, the Cavaliers will take on about $4MM in extra salary, and far more than that in projected tax payments. However, the cost of the deal may be worth it for the on-court impact, as Crowder, Rose, and Shumpert have all underperformed and/or battled injuries this season.

Hood will give the Cavs a young, perimeter scorer who has fought through some injuries of his own, but has enjoyed a career year when he’s been on the court. In 39 games, the 25-year-old has averaged 16.8 PPG on .424/.389/.876 shooting. As for Hill, the veteran point guard has struggled mightily in Sacramento this season, but has historically been a good shooter (.454/.384/.800 career shooting line) and a solid defender. His ability to play off the ball should make him a good fit to play alongside LeBron James.

Hood will be a restricted free agent this summer, while Hill remains under contract for two more years beyond this one. He’ll earn $19MM in 2018/19, and has a $18MM salary in 2019/20 that only features a very small partial guarantee.

From Utah’s perspective, the trade will allow them to get out from under Johnson’s $10.5MM salary — the veteran forward was viewed as a buyout candidate if he had remained on the roster through the deadline, and will likely remain a buyout candidate in Sacramento. The Jazz had to give up Hood as part of the deal, but he had been mentioned frequently in trade rumors in recent weeks and no longer appeared to be part of the club’s long-term plans.

In exchange, Utah will acquire Crowder, who has a reputation as a solid three-and-D wing on a team-friendly contract despite his struggles this season, and Rose, who may not be in the team’s plans. Shams Charania of Yahoo Sports tweets that the Jazz will likely release Rose.

As for the Kings, they’ll get out from under Hill’s expensive multiyear deal, acquiring Johnson’s expiring contract as well as Shumpert, who has a $10.3MM+ player option for next season. The deal creates nearly $9MM in 2018/19 cap flexibility for the Kings, and also nets them that aforementioned 2020 pick and some cash. Sacramento had committed to playing its young players over its veterans down the stretch this season, so Hill’s playing time had been sporadic.

Photo courtesy of USA Today Sports Images.

Kendrick Perkins Expected To Rejoin Cavs

February 8th, 2018 at 4:47pm CST by Arthur Hill

4:47pm: Despite Perkins’ enthusiastic tweet, he hasn’t officially signed with the Cavs yet, according to Joe Vardon of Cleveland.com, who tweets that the team may let the dust settle and head into the All-Star break before filling their open roster spots.

4:32pm: There has been no official announcement yet from the Cavaliers, but Perkins has published a tweet announcing, “I’m back!” with a #Cavs hashtag, suggesting that he’s claiming one of the team’s open roster spots.

2:55pm: The Cavaliers may sign veteran center Kendrick Perkins to fill one of their newly open roster spots, tweets Marc Stein of The New York Times. He adds that Cleveland’s front office values Perkins’ strong leadership and believes it will be needed to bring the team together after today’s roster shakeup (Twitter link).

Perkins had been with the Cavs’ G League affiliate in Canton, but recently left the team in anticipation of an NBA opportunity. The 33-year-old showed he can still play, averaging 8.7 points and 7.2 rebounds in 27 games with the Charge and logging about 21 minutes per night.

His last appearance in the NBA came in the 2015/16 season, when he played 37 games for the Pelicans. He is no stranger to Cleveland, appearing in 17 games for the Cavs at the end of the 2014/15 season.

Cavaliers Trade Dwyane Wade To Heat

February 8th, 2018 at 4:14pm CST by Arthur Hill

4:14pm: The Heat have officially acquired Wade from the Cavs, the team announced today in a press release. Miami sent out a protected 2024 second-round pick in the deal, waiving A.J. Hammons to create a spot on the roster for Wade.

“We feel that Dwyane can help our team in so many ways,” Heat president Pat Riley said in a statement. “It is a beautiful moment for us, for the city and for the fans. All of us embrace it in the manner that we want to win and that’s why we brought Dwyane back home. We look forward to having a great end of season run as we fight for the playoffs.”

12:14pm: Dwyane Wade is coming home to Miami, confirms Adrian Wojnarowski of ESPN (Twitter link). The Cavaliers will receive a heavily protected second-round pick in return (Twitter link). ESPN’s Stephen A. Smith reported the deal earlier today, tweets Adam Zagoria of SNY.tv.

The trade is part of a day-long shakeup in Cleveland as the Cavs ship out veterans in favor of younger, more athletic wing players. Wojnarowski reports that the front office offered Wade a chance to return to the franchise where he spent his first 13 seasons and worked out a deal when he accepted.

The Cavaliers’ coaching staff was planning a reduced role for Wade going forward and he had been campaigning for a return to Miami behind the scenes, according to Brian Windhorst of ESPN (Twitter link).

“The Cavs did right by him,” a source close to Wade and LeBron James tells Joe Vardon of Cleveland.com.

Wade signed a one-year deal with Cleveland in late September after agreeing to a buyout with the Bulls. He began the season as a starter, but asked to come off the bench after three games and became an effective leader of the second team. However, the return of Isaiah Thomas and Derrick Rose from injuries created a logjam in the backcourt and Wade’s role become less defined.

It’s not clear how much of a future he will have at age 36 on a relatively young Heat team. Regardless, it’s an excellent public relations move for Miami to erase the memories of a bitter breakup in the summer of 2016.

Photo courtesy of USA Today Sports Images.

Trade Deadline Notes: Evans, Faried, Jordan, Muhammad

February 8th, 2018 at 1:47pm CST by Arthur Hill

The Grizzlies haven’t been able to get a first-round pick for Tyreke Evans and may decide to hang onto him, tweets Adrian Wojnarowski of ESPN. If that happens, Memphis will try to re-sign him this summer with its mid-level exception. The Grizzlies could still get at least one second-rounder if they decide to move him today, adds Zach Lowe of ESPN. (Twitter link)

A few more last minute-notes before the deadline arrives:

Representatives for Nuggets forward Kenneth Faried are still hoping for a deal, Woj adds (Twitter link). Denver has discussed Faried with several teams, including the Pacers, but nothing has happened yet.
The Cavaliers talked to the Clippers this morning about DeAndre Jordan, but opted for for a series of deals that gave them more athleticism, youth and depth, tweets Ramona Shelburne of ESPN.
The Timberwolves may buy out Shabazz Muhammad if they can’t work out a last-minute deal, according to Marc J. Spears of The Undefeated (Twitter link). A source tells Spears he will be a coveted free agent if that happens.
The trade of Noah Vonleh to the Bulls is the last one the Trail Blazers plan to make today, relays Jason Quick of NBC Sports Northwest (Twitter link). That deal was enough to get Portland under the luxury tax.

Cavs Acquire Clarkson, Nance In Isaiah Thomas Trade

February 8th, 2018 at 1:14pm CST by Luke Adams

1:14pm: The trade is now official, the Lakers announced in a press release. The 2018 first-rounder acquired by the Lakers is top-three protected, which will protect the Cavs in the unlikely event that they miss the postseason and then get lucky in the lottery.

11:08am: The Lakers and Cavaliers are set to complete a trade that will send Jordan Clarkson and Larry Nance Jr. to Cleveland, according to ESPN’s Adrian Wojnarowski (via Twitter). In exchange, the Lakers will receive Isaiah Thomas, Channing Frye, and the Cavaliers’ 2018 first-round pick, per Kevin O’Connor of The Ringer (Twitter link). That pick will be protected, tweets Woj.

The deal is a fascinating one for two teams that have been heavily involved in trade rumors throughout the 2017/18 season. The move reflects the Cavaliers’ desire to get better right away, while the Lakers look ahead to the summer.

From the Cavs’ perspective, the trade looks like an admission that the acquisition of Thomas wasn’t going to work. After missing most of the first half of the season with a hip injury, the former Celtics star hasn’t been able to recapture his old form, and has publicly expressed his frustration during Cleveland’s recent slump. Thomas’ .361 FG% and .253 3PT% are easily career lows, and his average of 14.7 PPG is way down from the 28.9 PPG he put up last season in Boston.

“He’s worked too hard to get back, and he’s a ball-dominant player,” Thomas’ agent Aaron Goodwin told Joe Vardon of Cleveland.com. “It’s LeBron’s ball, and this clearly wasn’t working. [Cavs GM] Koby [Altman] and I have had enough conversations where it was clear, with the way the system was going, it wasn’t beneficial for either party. This is a good opportunity for Isaiah.”

By sending a struggling Thomas to Los Angeles along with Frye, the Cavs will secure a pair of solid rotation players who are both just 25 years old and are under contract beyond this season. Clarkson has averaged 14.5 PPG with a .448/.324/.795 shooting line so far in 2017/18. Nance, meanwhile, has posted a career-best 8.6 PPG and 6.8 RPG, with a .601 FG%.

While Thomas and Frye are on expiring contracts, Clarkson and Nance will earn a combined $14.77MM in 2018/19, pushing Cleveland’s total guaranteed team salary for next year above the $100MM mark, not counting LeBron James. With or without James, it seems very unlikely that the Cavs will have cap room this summer, barring some major moves.

The Lakers, on the other hand, clear nearly $15MM in 2018/19 money from their books in this deal, taking on two expiring contracts and landing a first-round pick in the process. Despite recent rumblings that the team could be shifting its free agency focus to 2019, this deal puts L.A. in a great position to create enough cap room to make a run at two maximum-salary free agents this summer. Their top targets figure to include Paul George, DeMarcus Cousins, and – of course – LeBron.

One of the most interesting aspects of this deal is that both teams could make the case that it improved their odds of signing James this summer — the Cavs acquired some players who can help them contend this season and can stick around next year, while the Lakers created more cap space and will be able to use their new first-round pick to add another player to their young core this offseason.

Some housekeeping notes on this trade: Cleveland will now be unable to trade the Nets’ 2018 first-round pick unless they acquire another 2018 or 2019 first-rounder. The Cavs have already traded their ’19 first-rounder, and can’t leave themselves without first-round picks in consecutive future seasons. They’ll reduce their projected luxury tax bill in this deal too, as ESPN’s Bobby Marks outlines. Additionally, the Lakers should create a modest trade exception in the deal worth $1,471,382, the amount of Nance’s 2017/18 salary.

Photo courtesy of USA Today Sports Images.

Trade Deadline Rumors: Carroll, Kings, Lakers, C’s

February 8th, 2018 at 1:12pm CST by Arthur Hill

The Nets and Pacers have considered a deal that would send DeMarre Carroll to Indiana in exchange for Al Jefferson, tweets Sam Amick of USA Today. The deal would be a way for Brooklyn to clear money for next season, as Carroll is owed $15.4MM, while Jefferson has a $10MM salary that’s only partially guaranteed.

Carroll, who was traded to the Nets over the summer, is averaging career highs in scoring (13.2), rebounds (6.4) and assists (1.9). Jefferson has settled into a reserve role since coming to Indiana two years ago and is averaging 6.7 points and 3.9 assists in 26 games.

There’s more to report as the trade deadline draws closer:

The Kings are willing to move second-year center Georgios Papagiannis if they need to open a roster spot to complete a larger trade, according to Kevin O’Connor of The Ringer (Twitter link). However, Sacramento has since agreed to trade Malachi Richardson in a deal that seems designed to open up a roster spot.
With Devin Booker and Tyler Ulis both battling injuries, the Suns may be interested in a minor deal for point guard help, tweets Scott Bordow of The Arizona Republic. Josh Gray is the only healthy option currently on the roster.
The Lakers appear to be done with major deals after acquiring Isaiah Thomas and Channing Frye from the Cavaliers, relays Bill Oram of the SoCalNewsGroup (Twitter link). Oram adds that a minor trade could still be in the works.
The Celtics remain engaged on several trade fronts, but continue to be reluctant to include a first-round pick in a deal, sources tell Chris Mannix of Yahoo Sports (Twitter link).
The Cavaliers weren’t able to gain any traction with the Hornets on a Kemba Walker trade before pulling the trigger on a series of separate deals, tweets Adrian Wojnarowski of ESPN. Hornets Michael Jordan places a high value on Walker and won’t move him cheaply, Woj adds. Jordan said in a recent interview that he wouldn’t part with Walker “for anything but an All-Star player.”

Luke Adams contributed to this post.

Cavs Notes: Thomas, Osman, LeBron, Gilbert

February 8th, 2018 at 8:06am CST by Luke Adams

Since returning from the hip injury that sidelined him for most of the first half of the 2017/18 season, Isaiah Thomas hasn’t looked like his old self. His .361 FG% and .253 3PT% are easily career lows, and his average of 14.7 PPG is way down from the 28.9 PPG he put up last season in Boston.

Thomas’ play – as well as his expiring contract – has Cleveland writers like Terry Pluto of Cleveland.com openly wondering if the Cavs should trade the veteran point guard. At the very least, the team needs to consider it, Pluto argues. For his part, Thomas said after Wednesday’s game that he hopes the Cavs don’t consider it too seriously, as Joe Vardon of Cleveland.com details.

“I’m tired of being traded,” Thomas said. “That’s not a good thing, but, I just want to be where I’m wanted. I like it here. It hasn’t been as planned, but I definitely want to be here. We definitely have a real chance to win an NBA championship and I want to be a part of that.”

Here’s more out of Cleveland:

After a bad loss to the Magic earlier this week, Isaiah Thomas told reporters that “when we hit adversity, we go our separate ways.” It’s fair to question whether Thomas – who has played all of 15 games with the Cavs – should be the one to say it, but he’s right, opines Chris Fedor of Cleveland.com.
Cavaliers head coach Tyronn Lue has been given some freedom to give more minutes to certain players after the trade deadline, and Cedi Osman looks like a candidate to be one of those players, according to Joe Vardon.
A report earlier this week stated that the relationship between LeBron James and owner Dan Gilbert is essentially non-existent. According to Terry Pluto, the two men really need to sit down and talk to make an effort to help stabilize the Cavaliers.
Speaking of LeBron, he had to come out earlier this week and publicly declare that he won’t waive his no-trade clause. Even in the unlikely event that he’d been willing to do so, it would have been very difficult for the Cavaliers to find a deal that worked for James and both teams involved, says Bobby Marks of ESPN. In a fun exercise, Marks runs through the various possibilities in search of an ideal LeBron trade.
As we relayed in a separate story, the Cavaliers remain engaged in discussions with the Clippers about a possible DeAndre Jordan trade.

Cavs, Clippers Continue To Discuss DeAndre Jordan

February 8th, 2018 at 7:48am CST by Arthur Hill

FEBRUARY 8, 7:48am: The Cavaliers and Clippers continue to discuss the possibility of a Jordan trade, and have had conversations with possible third teams as they explore ways to make a deal, league sources tell ESPN’s Adrian Wojnarowski (Twitter link).

FEBRUARY 7, 5:59pm: Clippers center DeAndre Jordan is the “number one target” for the Cavaliers in advance of tomorrow afternoon’s trade deadline, according to Shams Charania of Yahoo Sports. Appearing on a podcast with Chris Mannix, Charania says Cleveland’s front office continues to hold out hope of a deal.

The Cavs’ dream scenario is for L.A. to accept an offer that includes what Charania calls one of their “bad contracts” — either J.R. Smith or Tristan Thompson — along with Cleveland’s first-rounder in exchange for Jordan. The Clippers reportedly won’t consider the deal unless Brooklyn’s unprotected first-round pick is included.

Smith is signed for $14.72MM next season plus a non-guaranteed $15.68MM in 2019/20, while Thompson will make more than $36MM over the next two years. The Nets’ pick is No. 8 in our latest Reverse Standings, and Cleveland’s falls at 24th.

Jordan is putting up typical numbers in his 10th season with the Clippers, averaging 11.5 points, 14.9 rebounds and 1.0 blocks per game. He could be a difference maker for a porous Cavaliers team that is 28th in the league in defensive rating. Jordan can opt out of his more than $24MM salary for next season and become a free agent this summer.

Trade Deadline Notes: Evans, Hill, Hood, Mavericks

February 7th, 2018 at 11:28pm CST by Arthur Hill

One of the most important deadlines on the NBA calendar is less than 24 hours away, and teams are preparing their best offers as we head for 2:00pm Central. We’ll find out soon if any more franchise-altering moves are in store for this season, but in the meantime here are some Wednesday night trade rumors:

The Celtics remain in the running for Grizzlies guard Tyreke Evans, but there’s a sense that Memphis is getting better offers elsewhere, according to Steve Bulpett of The Boston Herald. A GM from another team tells Bulpett that Boston is waiting to swoop in if talks with those other clubs fall apart. Evans’ value figures to have increased after Lou Williams agreed to an extension with the Clippers today, taking one high-scoring guard off the market.
Multiple teams have shown interest in George Hill, but the Kings don’t want to take on bad contracts, reports Jason Jones of The Sacramento Bee. The Cavaliers have been the team most prominently linked to the veteran guard, but Jones says the Rockets and others have contacted Sacramento about Hill. Houston could match salaries with Ryan Anderson, but he is owed more than $41MM over the next two seasons and the Kings want to avoid cutting into their future cap space. They are seeking young players and draft picks in return for Hill.
Teams have also called the Kings about veterans Garrett Temple, Vince Carter and Kosta Koufos, Jones adds in the same story. Both Temple ($8MM) and Koufos ($8.74MM) have player options for next season, while the 41-year-old Carter is on an expiring deal.
Jazz swingman Rodney Hood told Shams Charania of The Vertical that he expects to be traded. “I’ve had great times in Utah, but regardless of where I’m playing, whether it’s there or somewhere else, I’m going to stay professional,” Hood said. “I’m going to stick with it. My gut feeling is that I won’t be here by the deadline. I’ve enjoyed my time here, but I’ve felt isolated the past month and I would not be surprised if I was moved.”
The Mavericks are being offered players by teams trying to unload salary, but they aren’t getting enough incentives to make the deals worthwhile, according to Eddie Sefko of The Dallas Morning News. Sefko lists Jordan Clarkson and Julius Randle of the Lakers and J.R. Smith of the Cavaliers as players who would be available if Dallas doesn’t mind committing the cap space.
The Knicks may be in the market for more deals after sending Willy Hernangomez to the Hornets, writes Adam Zagoria of SNY.tv. Kyle O’Quinn and Courtney Lee are the most likely players to be moved.

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:

New York Knicks: $3.6 billion
Los Angeles Lakers: $3.3 billion
Golden State Warriors: $3.1 billion
Chicago Bulls: $2.6 billion
Boston Celtics: $2.5 billion
Brooklyn Nets: $2.3 billion
Houston Rockets: $2.2 billion
Los Angeles Clippers: $2.15 billion
Dallas Mavericks: $1.9 billion
Miami Heat: $1.7 billion
San Antonio Spurs: $1.55 billion
Toronto Raptors: $1.4 billion
Sacramento Kings: $1.375 billion
Washington Wizards: $1.35 billion
Cleveland Cavaliers: $1.325 billion
Portland Trail Blazers: $1.3 billion
Phoenix Suns: $1.28 billion
Oklahoma City Thunder: $1.25 billion
Orlando Magic: $1.225 billion
Utah Jazz: $1.2 billion
Philadelphia 76ers: $1.18 billion
Indiana Pacers: $1.175 billion
Atlanta Hawks: $1.15 billion
Denver Nuggets: $1.125 billion
Detroit Pistons: $1.1 billion
Milwaukee Bucks: $1.075 billion
Minnesota Timberwolves: $1.06 billion
Charlotte Hornets: $1.05 billion
Memphis Grizzlies: $1.025 billion
New Orleans Pelicans: $1 billion

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