- Tony Parker, who reached an agreement with the Hornets on Friday, tells Marc J. Spears of The Undefeated (Twitter link) that he received offers from the Spurs and Nuggets before deciding on Charlotte. I’d imagine those other offers didn’t come with the guarantee of as much money and/or as significant a role.
JULY 6: The trade is now official, according to a press release from the Nuggets.
“We want to thank Wilson for seven years in Denver,” Nuggets president of basketball operations Tim Connelly said in a statement. “As good as a player as he is, he’s an even better person. He will be a great addition in Philly and we will certainly all be rooting for him.”
JULY 3: The Sixers and Nuggets have agreed to a deal that will send Wilson Chandler and draft considerations to Philadelphia, league sources tell ESPN’s Adrian Wojnarowski (Twitter link). Shams Charania of Yahoo Sports (Twitter link) first reported that the two teams were close to a deal involving Chandler.
It’s a swap that makes sense for both teams. The Sixers have cap room available to absorb Chandler’s $12.8MM salary for 2018/19, and the deal will net them a solid veteran forward who had a down year in 2017/18 but has averaged 13.3 PPG and 5.6 RPG with a .441/.351/.753 shooting line during his last five seasons in Denver.
Chandler is on an expiring contract, so he won’t impact the 76ers’ cap flexibility for 2019. Meanwhile, the team will also receive draft considerations in the deal. According to Jake Fischer of SI.com (Twitter link), Philadelphia will acquire the Nuggets’ 2021 second-round selection, as well as the ability to swap second-rounders with Denver in 2022.
As for the Nuggets, the only incoming asset they’ll receive from the Sixers in the trade itself is cash, per Fischer. However, shedding Chandler’s salary and using only a second-round pick to do it represents a big financial win for team ownership — with new deals for Nikola Jokic and Will Barton set to hit the books, Denver’s team salary was projected to be way over the tax line.
By moving Chandler, the Nuggets’ projected tax bill will drop by approximately $37MM, and the team will also avoid paying Chandler’s $12.8MM salary, creating nearly $50MM in total savings, tweets ESPN’s Bobby Marks. The Nuggets still could end up over the tax threshold, but has a much easier path to get below it now, if they so choose. Kenneth Faried ($13.76MM) and Darrell Arthur ($7.46MM) are still candidates to be traded or stretched.
The Nuggets will also create a trade exception worth Chandler’s salary ($12,800,562) in the deal. They’ll have a year to use it.
Although the move will eat up most of the Sixers’ remaining cap room and likely take them out of the market for major free agents, the team still has plenty of trade options. As Marks notes, Chandler could even theoretically be included in a trade package right away, since CBA rules don’t restrict a team immediately flipping a player if he was acquired using cap space. However, the 76ers like Chandler’s two-way ability and are planning to hang onto him, tweets TNT’s David Aldridge.
Photo courtesy of USA Today Sports Images.
The Nuggets have signed first-round pick Michael Porter Jr. to a rookie contract, the team announced on its website.
Porter was projected as high as No. 2 in the draft, but concerns about his the condition of his back caused him to plummet all the way to 14th. He suffered a back injury that required surgery in his first college game, then played limited minutes in a pair of SEC and NCAA tournament contests.
Porter will receive $2,411,800 as a rookie and $2,824,500 in his second season. As with all first-rounders, his contract will have two guaranteed seasons, followed by two team option years.
- A report from French outlet L’Equipe (hat tip to Amico Hoops) suggests that Tony Parker isn’t necessarily a lock to return to the Spurs, with the Nuggets and Hornets among the “five or six” teams that could make a play for the veteran point guard.
While the LeBron James sweepstakes increasingly look like a two-team race between the Lakers and Cavaliers, a wild-card club is trying to force its way into the mix. According to Chris Mannix of Yahoo Sports, the Nuggets have been in contact with James’ agent Rich Paul and will aggressively pursue a meeting.
The idea of James choosing to join the Nuggets is a long shot, which the team itself recognizes, per Mannix (Twitter link). However, Denver’s “ultra-aggressive” front office wants an opportunity to sell the four-time MVP on the idea of playing with Nikola Jokic, Will Barton, and Jamal Murray, even if it’s just for one year.
Of course, the Nuggets’ lucrative new agreements with Jokic and Barton present another roadblock to the team’s pursuit of James — Denver currently projects to have a team salary well over the tax apron for 2018/19, which would make the club ineligible to acquire a player via a sign-and-trade. So even in the unlikely event that LeBron wants to play in Denver, the Nuggets would have to jump through several cap-related hoops to make it happen.
While James almost certainly won’t play for the Nuggets, the team continues to display a willingness to go after star free agents. Two summers ago, Denver made an aggressive play for Dwyane Wade before he ultimately chose to sign with his hometown Bulls.
With a potentially huge luxury tax bill looming, the Nuggets are hoping to find someone willing to take on the contracts of Wilson Chandler, Darrell Arthur or Kenneth Faried, tweets Marc Stein of The New York Times. He adds that Denver isn’t finding many interested teams and may have to put center Mason Plumlee on the trade block too.
Chandler contributed to the cap crunch when he decided to opt in to the final year of his contract at $12.8MM for next season. Combined with a sizable new deal upcoming for Nikola Jokic and the apparent decision to re-sign free agent Will Barton, the Nuggets could have a team salary in excess of $140MM, well above the projected $123MM luxury tax threshold for 2018/19.
Denver can reduce that figure by unloading Faried, who will make nearly $13.8MM next season, or Arthur, whose salary is set at nearly $7.5MM. Both are on expiring contracts, as is Chandler. Plumlee has two years left on his current deal at $12.9MM and $14MM.
With Will Barton expected to re-sign in Denver, the Pacers will turn their attention to Doug McDermott and Joe Harris, tweets ESPN’s Adrian Wojnarowski.
McDermott, 26, became a free agent on Wednesday when the Mavericks withdrew their qualifying offer. He split this season between New York and Dallas, playing 26 games for the Mavs after a February trade and averaging 9.0 points per night while shooting 49% from 3-point range.
Harris, also 26, is coming off his best NBA season. He averaged 10.8 points and shot 42% on 3-pointers in 78 games for the Nets.
Free agent Will Barton should have a new contract with the Nuggets shortly after free agency begins, tweets ESPN’s Adrian Wojnarowski, who cites “strong momentum” toward getting a deal done.
The 28-year-old guard is coming off his best NBA season, averaging career highs in points (15.7), rebounds (5.0) and assists (4.1). He appeared in 81 games, starting 40, and helped Denver stay in the playoff race until the final night of the season.
The Nuggets are set to take on a lot of money with Wilson Chandler opting into the final year of his contract and Nikola Jokic due for a significant raise. Even so, president of basketball operations Tim Connelly insisted that keeping Barton “was still a priority” for the organization.
All these moves could leave Denver with a team salary in excess of $140MM, which would result in a massive luxury tax bill.
- Wilson Chandler, who officially opted into his 2018/19 contract with the Nuggets last week, is available in trade talks, David Aldridge of NBA.com reports (Twitter link). Chandler will make slightly over $12.8MM this upcoming year.
We heard on Thursday that multiple Warriors players are lobbying for the front office to go after Jamal Crawford in free agency, but Golden State isn’t the only team that will kick the tires on the veteran scorer. According to Marc J. Spears of The Undefeated, the Pelicans, Sixers, Cavaliers, and Nuggets are also expected to show interest in Crawford, who is focusing on finding the right fit.