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Free Agent Rumors: Dedmon, Teague, Timberwolves, Heat

July 10th, 2017 at 9:54pm CST by Dana Gauruder

The Hawks are interested in free agent center Dewayne Dedmon, Michael Scotto of Basketball Insiders tweets. They are also looking at Willie Reed, Scotto passes along in the same tweet via Alex Kennedy of HoopsHype. The Nets and Celtics have also been mentioned as possibilities for Dedmon, who played for the Spurs last season. Reed, who played for the Heat last season, met with the Clippers on Friday and has drawn interest from several other clubs.

In other developments involving free agency:

The Kings and Nuggets along with his former team, the Pacers, were interested in Jeff Teague before he signed with the Timberwolves, Darren Wolfson of KSTP-TV tweets via his colleague Joe Schmit. The Kings wound up signing point guard George Hill, while the Nuggets spent most of their free agent money on power forward Paul Millsap. Teague signed a three-year, $57MM deal with Minnesota.
Timberwolves coach and president of basketball operations Tom Thibodeau is still shopping for two wings and a point guard to upgrade their bench, Wolfson notes in a separate tweet. However, Thibodeau has likely filled one of those wing spots with Jamal Crawford, who agreed to a two-year contract after negotiating a buyout agreement with the Hawks and being placed on waivers. Crawford has cleared waivers and is expected to sign sometime this week, Chris Haynes of ESPN tweets.
The Heat are in discussions with forwards Luke Babbitt and Udonis Haslem, according to an Associated Press report. Those deals, if completed, would likely be veteran minimum, the report adds. Babbitt appeared in 68 games, including 55 starts, for the injury-depleted Heat last season. Haslem saw action in just 16 games.

Clippers Sign Milos Teodosic

July 10th, 2017 at 3:27pm CST by Arthur Hill

JULY 10, 3:27pm: Teodosic has officially signed his contract with the Clippers, according to a tweet sent out by his agency.

JULY 6, 1:44pm: European point guard Milos Teodosic has reached an agreement with the Clippers, tweets Adrian Wojnarowski of ESPN.com. It will be a two-year, $12.3MM contract with a player option on the second season (Twitter link).

Several teams have been in competition for the 30-year-old, who is considered to be one of the top players outside the NBA. He was reportedly seeking a three-year deal worth $25MM to $30MM, but his new contract is substantially less, at least in the first season.

The Heat, Kings, Nuggets, Jazz, Nets, Bulls and Timberwolves were among the other teams that expressed interest. Minnesota offered its room exception, but understood that he could get more money elsewhere, tweets Darren Wolfson of 5 Eyewitness News. Brooklyn decided that Teodosic’s defensive shortcomings made him a poor candidate for big money or big minutes, according to NetsDaily (Twitter link).

A star with Serbia at the 2016 Olympics, Teodosic made his current team, CSKA Moscow, one of the best in the Euroleague. He has averaged 16.1 points per game over the past two seasons and 6.5 assists over the last three. The Russian squad was hoping to keep him, but admitted that it couldn’t compete financially with NBA teams.

Teodosic’s signing may end the Clippers’ interest in Derrick Rose, who met with the team on Wednesday. With Patrick Beverley and Lou Williams already on the roster, there doesn’t seem to be any room for Rose.

NBA Teams With Cap Room Remaining

July 10th, 2017 at 11:08am CST by Luke Adams

We’re only on the 10th day of the NBA league year, but already, the number of teams with cap room still available is dwindling.

Clubs without cap room remaining could create space at some point — the Knicks, for instance, used the last of their cap room to finalize Tim Hardaway‘s offer sheet, but may try to clear salary by trading Carmelo Anthony and/or Courtney Lee. For now though, only a handful of teams have a useful amount of cap space left.

Those teams with cap room are listed below, along with an informal breakdown of what their situation looks like. Many deals haven’t yet been finalized, so these figures our based on our projections, with the help of information from Basketball Insiders and HeatHoops.

Teams with cap room remaining:

Atlanta Hawks: With agreed-upon deals for Mike Muscala and Tyler Dorsey not yet official, the Hawks retain about $18-19MM in cap room. And that’s not counting whatever amount of money Jamal Crawford was willing to give up in his buyout, so that figure may creep a little higher.
Brooklyn Nets: The Nets remain in a holding pattern with Otto Porter, but after he officially moves over to the Wizards’ books and Brooklyn completes its trade for DeMarre Carroll, the team should have about $16-17MM in cap room. The Nets could create a little more space by waiving one or more non-guaranteed players.
Denver Nuggets: Once the Nuggets’ signing of Paul Millsap becomes official, the team won’t have much cap flexibility left, though that could change if Mike Miller is waived and/or Mason Plumlee is renounced. If both of those players remain on the cap, Denver will only have about $2MM in room. If they move on from both players, the Nuggets could get up to about $11MM+ in space.
Indiana Pacers: Assuming the Pacers stretch Monta Ellis‘ salary, as has been reported, they should have in the neighborhood of $7-8MM in remaining cap room, even after finalizing the acquisitions of Darren Collison, Bojan Bogdanovic, and Cory Joseph.
Los Angeles Lakers: The Lakers have approximately $17MM in cap room left, though they’d have to renounce their remaining unrestricted free agents to make use of all that space.
Orlando Magic: The Magic could have retained their exceptions and cap holds and stayed over the cap, but it looks like they’re operating under the cap, signing Shelvin Mack with room instead of the mid-level exception. Orlando doesn’t have much space available, but could get up to $8MM+ in room by waiving C.J. Watson, and could increase that number a little more by cutting other non-guaranteed players.
Philadelphia 76ers: The Sixers’ remaining cap room will depend on the exact numbers for J.J. Redick and Amir Johnson, but it figures to be in the neighborhood of $16-17MM.
Phoenix Suns: Alex Len‘s $12MM+ cap hold is a significant factor in the Suns’ remaining cap room. If they were to renounce Len, the Suns could get up to about $23MM in room, with the ability to create even more by waiving non-guaranteed contracts. However, if they keep Len on the books, Phoenix’s cap room is below $11MM, and will be reduced further when Alan Williams‘ new deal becomes official.
Sacramento Kings: Deals for George Hill, Zach Randolph, Vince Carter, and Bogdan Bogdanovic will use up most of the Kings’ space, but the team should still have room in the $8-10MM range after those signings become official.

Teams that went under the cap, but have used all (or virtually all) of their room:

Boston Celtics
Miami Heat
Minnesota Timberwolves
New York Knicks

These teams went below the cap this summer to accommodate big-money moves. In some cases, those deals aren’t yet official, but when they’re finalized, they’ll eliminate any cap room these teams have left. A couple of these clubs have already committed their room exception to certain players, with the Celtics on track to sign Aron Baynes and the Wolves lining up a deal with Jamal Crawford.

Teams that are operating over the cap, but could create some cap room:

Chicago Bulls
Dallas Mavericks
Utah Jazz

These teams are currently operating as over-the-cap clubs in order to retain their full mid-level, bi-annual, and trade exceptions, but there could be scenarios in which it makes more sense to renounce those exceptions and dip below the cap.

In the Bulls’ and Mavs’ cases, it would likely only happen if they don’t retain top RFAs (Nikola Mirotic and Nerlens Noel, respectively). Meanwhile, the Jazz could only create up to about $12MM in room if they were to waive their non-guaranteed contracts and wait to sign Joe Ingles.

Note: Items on Indiana Pacers and Orlando Magic were edited after publication to adjust figures.

Clippers, Hawks, Nuggets Agree On Three-Way Deal

July 6th, 2017 at 5:13pm CST by Luke Adams

July 6: The trade is official, according to a Hawks team press release.

July 4: The Clippers, Hawks, and Nuggets are in agreement on a three-way deal that will send Danilo Gallinari to the Clippers in a sign-and-trade arrangement, reports Chris Vivlamore of The Atlanta Journal-Constitution. The deal has been discussed extensively, and there was an expectation it would get done, but it hadn’t been formally agreed upon until now. It can be made official when the moratorium ends on Thursday.

Based on the terms reported, the trade is expected to look like this:

Clippers receive: Gallinari (sign-and-trade, three-year deal worth $65MM)
Hawks receive: Jamal Crawford, Diamond Stone, first-round pick from Clippers (Rockets’ 2018 first-rounder), cash.
Nuggets receive: Second-round pick from Hawks (it will be the Wizards’ 2019 second-rounder, tweets Vivlamore)

The key piece in the transaction is Gallinari, a free agent forward who turns 29 next month. He has had some trouble staying on the court in recent years, appearing in just 175 total games over the last four seasons, but he’s a versatile and effective scorer when he plays, averaging 18.2 PPG with a shooting line of .447/.389/.902 in 2016/17. The Clippers envision him sharing the frontcourt with Blake Griffin and DeAndre Jordan.

The Clippers didn’t have the cap room to sign Gallinari outright, and the Nuggets didn’t want to take back salary in a sign-and-trade since they’re preserving their space to finalize Paul Millsap‘s signing. That opened the door for the Hawks to enter the mix and nab a future first-round pick – along with a young prospect in Stone – for their willingness to take on Crawford’s contract.

While Crawford will land in Atlanta as part of this three-way deal, there’s a belief that he’ll seek a trade or buyout. A trade will be tricky to complete, and the Hawks would likely want Crawford to forgo a significant chunk of the $17MM+ in guaranteed money remaining on his deal in order to buy him out. If the two sides can work something out though, the Lakers, Warriors, Spurs, and Cavaliers are among Crawford’ possible landing spots.

Photo courtesy of USA Today Sports Images.

Tyler Lydon Signs Rookie Contract With Nuggets

July 6th, 2017 at 11:19am CST by Arthur Hill

Tyler Lydon, the Nuggets’ first round-pick out of Syracuse, has officially signed his rookie contract, the team announced on its website.

A 6’10” forward, Lydon was taken by Utah with the 24th pick and shipped to Denver along with Trey Lyles in exchange for 13th pick Donovan Mitchell.

As a sophomore, Lydon was All-ACC Honorable Mention after averaging 13.2 points and 8.6 rebounds per game for the Orange. He helped Syracuse reach the Final Four as a freshman.

Lydon, 21, can make nearly $1.58MM in his first season and nearly $9.48MM over four years, according to the Hoops Rumors chart of rookie scale salaries.

Lydon will play for Denver’s summer league team starting Friday in Las Vegas. He is the 21st first-rounder to agree to a contract.

Western Rumors: Gasol, Faried, T-Wolves, Young

July 5th, 2017 at 12:33pm CST by Luke Adams

While a handful of Western Conference teams have made major roster moves so far this offseason, the Grizzlies have been fairly quiet. The team reached an agreement to sign Ben McLemore, but also lost Zach Randolph and has yet to lock up its other free agents like JaMychal Green and Tony Allen.

With their window of contention potentially closing, would the Grizzlies consider moving Marc Gasol? Two league executives suggest to Chris Mannix of The Vertical that Gasol is a player worth keeping an eye on as a possible trade candidate. Mannix’s note is tucked away in a larger piece about the Celtics‘ next moves, and as he points out, Gasol would make a lot of sense as a target for Boston. However, there’s no indication that any talks have happened or that Memphis is even considering such a roster shake-up, so it sounds like speculation at this point.

Here’s more from around the Western Conference:

Teams are calling the Nuggets to inquire about Kenneth Faried, tweets Alex Kennedy of HoopsHype. With Paul Millsap arriving in Denver, the Nuggets’ frontcourt is getting crowded, and the team probably wouldn’t mind getting out from under Faried’s contract, so a trade remains a possibility.
Darren Wolfson of 5 Eyewitness News, who reported on Tuesday that the Pacers might be interested in working out a sign-and-trade deal with the Timberwolves for C.J. Miles, suggests that Indiana is further along on a Miles sign-and-trade scenario with another team (Twitter link). Meanwhile, Minnesota is waiting on Nick Young, having made him a two-year offer that is likely worth the room exception, tweets Wolfson.
In other Timberwolves news, first-round pick Justin Patton won’t be participating in Summer League with the club, having suffered a foot fracture during a workout, the team announced on Tuesday. Patton underwent surgery to repair a broken fifth metatarsal in his left foot and will be sidelined indefinitely, per the team.

Warriors Considered Front-Runners For Jamal Crawford

July 4th, 2017 at 11:15am CST by Arthur Hill

11:15am: The Cavaliers and Spurs are also interested in Crawford if the buyout goes through, Haynes tweets, although Atlanta would prefer to trade him. Crawford has more than $17.2MM in guaranteed money over the next two seasons, and the Hawks would want him to give up a significant portion of that before agreeing to a buyout, according to Sam Amick of USA Today (Twitter link).

9:24am: Once Jamal Crawford gets bought out by the Hawks, there’s a good chance he will sign with the Warriors, according to Chris Haynes and Marc J. Spears of ESPN.com.

Crawford is part of a proposed three-team trade that would send Paul Millsap to the Nuggets and Danilo Gallinari to the Clippers. Crawford would be shipped to the Hawks, along with Diamond Stone, and will petition Atlanta for a buyout, sources told ESPN.

Once he hits the market, Golden State would be favored to sign him with its $5.2MM taxpayer mid-level exception.

Crawford, 37, played for the Warriors during the 2008/09 season and often talks about how much he enjoys the Bay Area, according to Haynes and Spears. The three-time Sixth Man of the Year appeared in all 82 games for the Clippers this season, averaging 12.3 points per night. He has said he will only consider playing for contenders once the buyout is complete.

The Warriors are also pursuing Nick Young, the authors add, with Draymond Green and Kevin Durant playing a part in the recruiting. The 10-year veteran is also in talks with the Pelicans, who can offer more playing time, but Golden State could give Young his first chance to win a title.

The Warriors probably don’t have the resources to add both Crawford and Young, but the ESPN story says there is a “strong possibility” they will land one of them.

Clippers, Nuggets, Hawks Discuss Gallinari Sign-And-Trade

July 4th, 2017 at 12:25am CST by Luke Adams

JULY 4, 12:25am: The Nuggets are expected to receive some form of draft compensation in the proposed deal – assuming it gets done – for their willingness to facilitate a sign-and-trade of Gallinari, Wojnarowski says in his full ESPN report. It would likely come in the form of a second-round pick from the Hawks, according to Sam Amick of USA Today, who tweets that Atlanta would receive cash in the deal.

JUNE 3, 11:40pm: Crawford has “no plans” to play in Atlanta if this three-way trade gets finalized, so a buyout or another trade of Crawford is considered necessary for the Hawks if they acquire him, tweets Amick.

11:27pm: The proposed sign-and-trade would send Gallinari to the Clippers and Millsap to the Nuggets, with Jamal Crawford, Diamond Stone, and a first-round pick heading to the Hawks, tweets Shams Charania of The Vertical. The first-rounder would likely be the pick L.A. acquired from Houston in last week’s Paul trade, tweets Wojnarowski.

ESPN’s Brian Windhorst suggests (via Twitter) that Crawford may want a buyout if he ends up in Atlanta, though with $14MM+ on his cap hit for 2017/18 and a partial guarantee on his deal for the following year, that could be tricky.

11:16pm: Free agent forward Danilo Gallinari is leaning “strongly” toward committing to sign with the Clippers, league sources tell Adrian Wojnarowski of ESPN (Twitter link). If Gallinari reaches a deal with L.A., it’s expected to be a three-year pact worth $65MM, per Wojnarowski (Twitter link).

According to Sam Amick of USA Today (via Twitter), the Nuggets and Hawks would both be involved in the agreement if Gallinari and the Clippers strike a deal, with the former No. 6 overall pick heading to Los Angeles in a sign-and-trade scenario. The involved parties are still working through the details, but Atlanta would land a first-round pick in the proposed deal, tweets Amick.

The Clippers don’t currently have the cap flexibility to accommodate a market-value Gallinari signing without a sign-and-trade, but the Nuggets won’t be eager to take much – if any – salary back in a sign-and-trade, since they’ve earmarked most of their cap space for Paul Millsap. As such, it makes sense for a team with cap room like the Hawks to enter the mix — they could absorb some outgoing salary from the Clippers, getting a draft pick in the process as a sweetener. And, with Denver involved, they could also include Millsap in the deal.

We’ll wait to see whether the three teams – and Gallinari’s camp – can all come to an agreement, but if the Clippers finalize a deal, they’d be hard-capped for the 2017/18 season at $125.266MM, and would still have their mid-level exception available. Los Angeles shook up its roster last week by trading Chris Paul to the Rockets, but picked up a few interesting pieces in that trade, such as Patrick Beverley, Lou Williams, Montrezl Harrell, and Sam Dekker. The Clips also agreed to re-sign Blake Griffin over the weekend, so there’s still a decent amount of talent on the roster.

Gallinari, who turns 29 next month, has had some trouble staying on the court in recent years, appearing in just 175 total games over the last four seasons. However, he has been a versatile and effective scorer when he plays, averaging 18.2 PPG with a shooting line of .447/.389/.902 in 2016/17.

The Clippers reportedly met with both Gallinari and Rudy Gay over the weekend as the team aggressively sought out a small forward.

Free Agent Rumors: Durant, Hill, Rockets, Hayward

July 3rd, 2017 at 8:01pm CST by Dana Gauruder

Kevin Durant would have give the Warriors an even bigger discount to help them land Kings free agent Rudy Gay if Andre Iguodala had not agreed to re-sign, Sam Amick of USA Today tweets. Durant agreed to a two-year, $53MM contract on Monday with a starting salary of $25MM. Iguodala agreed to a three-year, $48MM contract to remain with Golden State. Amick’s tweet gives insight into the type of money it will take to land Gay despite the Achilles tear he suffered last season.

In other free agent developments:

The Nuggets are still pursuing free agent point guard George Hill and trying to clear cap to make that happen, Amick tweets. Denver already made a big splash by reaching an agreement with power forward Paul Millsap on a three-year, $90MM contract. The Lakers are in serious discussions with Hill on a one-year deal but Los Angeles is also considering another free agent point guard, Rajon Rondo, according to Amick (Twitter link).
Rockets GM Daryl Morey plans to hold onto his remaining non-guaranteed contracts and $3.3MM bi-annual exception, Jonathan Feigen of the Houston Chronicle tweets. Morey might add a player on a minimum contract, Feigen adds.
The Jazz’s meeting with Gordon Hayward on Monday lasted 3 1/2 hours and included newly-acquired point guard Ricky Rubio, Adrian Wojnarowski of ESPN tweets. Hayward held meetings with the Heat and Celtics the previous two days and is expected to make a decision within the next two days.

Free Agent Rumors: Hayward, Knicks, Rose

July 3rd, 2017 at 9:12am CST by Luke Adams

While there have been indications that Gordon Hayward will make a decision on his new team Tuesday or Wednesday, a source close to the player tells Steve Bulpett of The Boston Herald that Hayward may actually inform teams of his decision as early as tonight. Hayward met with the Heat on Saturday and the Celtics on Sunday, so all that’s left on his schedule is a Monday sit-down with the Jazz. While there was speculation earlier in the process that another team might enter the picture for Hayward, it appears he’ll decide between his three long-reported suitors.

Here’s more on free agency from around the NBA:

A source tells Marc Berman of The New York Post that the Knicks have told some agents their free agent plans are being held up to some extent, as they weigh their decision on whether to trade Carmelo Anthony. A report late on Monday night indicated Anthony is open to waiving his no-trade clause to join the Cavaliers or Rockets.
The Knicks have considered the possibility of seeking a sign-and-trade deal involving Derrick Rose in order to get something back for him, tweets Ian Begley of ESPN.com. Sign-and-trades are pretty rare, but can make sense when a player wants to join an over-the cap team — the Bucks, with whom Rose is meeting today, currently fit that bill.
The Nuggets‘ pitch to Paul Millsap included an appearance from Broncos linebacker Brandon Marshall, according to Nick Kosmider of The Denver Post, who says Marshall praised the city and told Millsap what it’s like to win in Denver. While it’s not clear if Marshall’s argument was a deciding factor, Millsap did commit to the Nuggets on Sunday night.
The Timberwolves‘ approach to free agency this summer has shown that the organization is transforming into a Tom Thibodeau-style team, as Brian Windhorst of ESPN.com explains. Having agreed to sign Jeff Teague and Taj Gibson, the Wolves still have their room exception available as they scour the market for shooting help.