Pistons Rumors

Pistons Plan To Waive Henry Ellenson

Henry Ellenson‘s run with the Pistons appears to be coming an end, as Chris Haynes of Yahoo Sports reports (via Twitter) that Detroit plans to waive the third-year big man in order to make room for Wayne Ellington. We heard earlier today that Ellington, who is currently on waivers, is nearing a deal with the Pistons.

Ellenson, 22, was the 18th overall pick in the 2016 draft, but hasn’t developed into a reliable and consistent rotation player in Detroit. In two and a half NBA seasons, the former Marquette standout has averaged 3.8 PPG and 2.2 RPG in just 59 games (8.5 MPG). He appeared in only two contests this season, falling out of the rotation entirely after the Pistons signed Zaza Pachulia and got Jon Leuer back over the offseason.

The timing of Ellenson’s release remains unclear — Ellington won’t clear waivers today, so the Pistons may wait until the veteran is ready to officially sign with the team before they make their corresponding move with Ellenson.

Once he’s waived, Ellenson will remain on waivers for two days. He’ll become an unrestricted free agent if he goes unclaimed.

Pistons, Wayne Ellington Nearing Agreement

Wayne Ellington, who is currently on waivers and will become a free agent this weekend, is closing in on a contract agreement with the Pistons, reports ESPN’s Adrian Wojnarowski (via Twitter).

Ellington, who spent most of the season with the Heat, was sent from Miami to Phoenix in a trade this week. The veteran sharpshooter has a contract that gave him the right to veto a potential deal, but he signed off on the trade based on the knowledge that the Suns would release him, giving him the chance to join a contender.

While the 24-29 Pistons certainly aren’t the NBA’s most obvious “contender,” they’re currently just 1.5 games out of the playoff picture in the East. The Hornets and Heat hold the seventh and eighth seeds with 26-28 and 25-27 records, respectively, so Ellington could get the opportunity to help knock his old team out of the postseason.

Ellington, 31, has a career .380 3PT% and has made at least 2.3 threes per game in each of the last three seasons with the Heat, but saw his role cut back significantly in 2018/19. He struggled to crack a crowded rotation in Miami, appearing in just 25 games this season and suggesting that he wouldn’t mind a change of scenery if it gave him the opportunity to play more.

He’ll get that chance in Detroit, which may have been one of the reasons why he chose the Pistons over other suitors. According to Vince Ellis of The Detroit Free Press (via Twitter), the Pistons beat out “heavy competition” for Ellington. After trading away Reggie Bullock and Stanley Johnson in a pair of deals this week, the club should have a clear role available on the wing for the former UNC standout.

The Pistons currently have a full 15-man roster, so they’ll have to waive someone to open up a spot for Ellington.

Photo courtesy of USA Today Sports Images.

Suns Waive Guard Wayne Ellington

4:11pm: The move is official, according to a team press release.

4:06pm: The Suns will place newly-acquired Wayne Ellington on waivers today, John Gambadoro of Arizona Sports 98.7 Phoenix tweets.

Ellington and guard Tyler Johnson were dealt to Phoenix for forward Ryan Anderson but the Suns had no intention of retaining the veteran shooting guard. Ellington was caught in a logjam of wings with the Heat, bouncing in-and-out of the rotation. He’ll now be free to seek a team that can offer him more playing time.

Ellington had the ability to veto a trade, so he wouldn’t have agreed to it unless he would end up in a more favorable situation. The Pistons, who just traded starting shooting guard Reggie Bullock to the Lakers, are expected to pursue Ellington. The Thunder have also been mentioned as a potential suitor.

Ellington has an expiring $6.27MM contract. The 31-year-old guard, who appeared in 25 games with Miami this season, is a career 38% 3-point shooter.

Buyout Market: Ellington, Kaminsky, Gortat, Smith

The Pistons will be an aggressive suitor for Wayne Ellington once he reaches the buyout market, Adrian Wojnarowski of ESPN tweets. The Suns are expected to reach a buyout and waive the shooting guard, whom they just acquired from the Heat. The Thunder are also reportedly interested in Elllington. Detroit is seeking a veteran addition at shooting guard after trading starter and impending free agent Reggie Bullock to the Lakers.
We have plenty more buyout market developments:
  • The Hornets will look to reach a buyout with big man Frank Kaminsky after failing to trade him, Sean Deveney of Sports Illustrated tweets. The little-used Kaminsky is making $3.62MM this season.
  • Veteran center Marcin Gortat is interested in joining the Warriors but Golden State will take a wait-and-see approach regarding the waiver wire and buyout market, Chris Haynes of Yahoo Sports tweets. Gortat, a starter most of the season, is expected to be waived by the Clippers.
  • The Cavaliers have no plans to discuss a buyout with J.R. Smith and failing to find a trade partner for the shooting guard, Chris Fedor of the Cleveland Plain Dealer tweets. Smith is making $14.72MM this season but his $15,68MM salary for next season is not guaranteed unless he remains on the roster through June 30th.
  • The Raptors’ flurry of activity, including an agreed-upon trade with the Grizzlies for center Marc Gasol, will make them an active participant in the buyout market, Tim Bontemps of the Washington Post tweets. Toronto will be down to just 10 players on the active roster, plus two two-way players. That means there will be playing time available for free agents that will soon clear waivers.
  • The Celtics do not have an immediate target to fill their open roster spot, Mark Murphy of the Boston Herald tweets. Enes Kanter, expected to be bought out by the Knicks as early as today, isn’t believed to be on their radar screen, a source tells Murphy.

Mike Conley: “I’ll Play Anywhere”

Mike Conley is denying a rumor that he and his representatives are trying to quash a trade to Utah, tweets Omari Sankofa II of The Athletic.

“I’ll play anywhere,” the Grizzlies guard said during today’s shootaround. He claims he doesn’t know how speculation started that wants to head East, adding that he doesn’t have a preference for either conference.

Conley has been the subject of intense speculation since Memphis let it be known last month that it was willing to listen to offers for him and Marc Gasol. A report on Wednesday said the Jazz were making progress in a deal for Conley, but he and his representatives were resisting it, hoping to wind up in Indiana, Toronto or Detroit instead.

Memphis is seeking multiple first-round picks in any Conley deal. Utah reportedly offered a first-rounder and second-rounder, along with a pair of expiring contracts (believed to be Ricky Rubio and Derrick Favors), but declined when the Grizzlies asked for Dante Exum.

Mike Conley Resisting Trade To Utah?

6:05pm: The Raptors aren’t trying to trade for Conley, while the Pistons are pessimistic that a deal will get done before the deadline, Stein tweets.

5:02pm: The Jazz are closer to working out a trade for Grizzlies guard Mike Conley, but Conley and his representatives prefer to see him sent somewhere else, according to Brian Windhorst of ESPN (Twitter link).

“Utah was making some progress in acquiring him, and I think that would have been a tremendous deal for Utah,” Windhorst said on ESPN’s “The Jump.” (video link via @The_6ix_man)Mike Conley‘s agent has made it known that Mike Conley does not want to play in Utah. … If he’s going to be traded, he’d prefer to go the the Eastern Conference. Now Memphis is working on deals with Detroit and Toronto.”

A trade with the Raptors would mean Kyle Lowry may wind up with the Jazz, Windhorst adds. Utah has been interested in Lowry for a long time and Lowry has “a ton of respect” for Jazz coach Quin Snyder, according to Tony Jones of The Athletic (Twitter link).

The report on Conley is backed up by Marc Stein of The New York Times, who tweets that he is resisting a trade to the Jazz. Conley has no ability to block a deal —  he is under contract for more than $67MM over the next two seasons — but he’s making it clear that Utah isn’t his first choice.

The Pacers continue to talk to the Grizzlies about Conley, according to Sam Amick of USA Today (Twitter link). However, Indiana and Toronto believe Memphis’ asking price is “prohibitively high.” Jones states that he heard the Pacers offered a young player and a veteran and were met with a counteroffer that they didn’t consider realistic.

A source tells Vince Ellis of The Detroit Free Press that the Grizzlies are asking the Pistons to include shooting guard Luke Kennard and a first-round pick in any package. Ellis speculates that Reggie Jackson would also be part of the deal, but notes that picking up Conley would limit Detroit’s financial flexibility going forward.

Forbes Releases 2019 NBA Franchise Valuations

A year ago, when Forbes released its annual NBA franchise valuations, the Knicks were reeling from the news that Kristaps Porzingis has suffered a torn ACL, but still earned the top spot on Forbes’ list of the league’s most valuable teams.

This time around, Knicks fans are reeling from the trade that sent Porzingis to Dallas. Once again though, the franchise is still considered the most valuable of any of the NBA’s 30 clubs, according to a report from Kurt Badenhausen and Mike Ozanian of Forbes.

For the first time, all 30 NBA teams have a perceived worth of $1.2 billion or more, per Forbes’ annual report. While all 30 teams’ valuations cracked the $1 billion threshold for the first time last year, 10 franchises were below $1.2 billion.

The league-wide average of $1.9 billion per team in 2019 is also a new record, with franchise valuations up 13% in total over last year’s figures. NBA franchise values have once again tripled over the last five years, according to Badenhausen and Ozanian.

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

  1. New York Knicks: $4 billion
  2. Los Angeles Lakers: $3.7 billion
  3. Golden State Warriors: $3.5 billion
  4. Chicago Bulls: $2.9 billion
  5. Boston Celtics: $2.8 billion
  6. Brooklyn Nets: $2.35 billion
  7. Houston Rockets: $2.3 billion
  8. Dallas Mavericks: $2.25 billion
  9. Los Angeles Clippers: $2.2 billion
  10. Miami Heat: $1.75 billion
  11. Toronto Raptors: $1.675 billion
  12. Philadelphia 76ers: $1.65 billion
  13. San Antonio Spurs: $1.625 billion
  14. Portland Trail Blazers: $1.6 billion
  15. Sacramento Kings: $1.575 billion
  16. Washington Wizards: $1.55 billion
  17. Phoenix Suns: $1.5 billion
  18. Oklahoma City Thunder: $1.475 billion
  19. Utah Jazz: $1.425 billion
  20. Indiana Pacers: $1.4 billion
  21. Denver Nuggets: $1.375 billion
  22. Milwaukee Bucks: $1.35 billion
  23. Orlando Magic: $1.325 billion
  24. Atlanta Hawks: $1.3 billion
  25. Cleveland Cavaliers: $1.275 billion
  26. Detroit Pistons: $1.27 billion
  27. Minnesota Timberwolves: $1.26 billion
  28. Charlotte Hornets: $1.25 billion
  29. New Orleans Pelicans: $1.22 billion
  30. Memphis Grizzlies: $1.2 billion

The Sixers are this year’s big riser, moving from 21st on the 2018 list to 12th in 2019. Conversely, the Cavaliers fell the most. After losing LeBron James, Cleveland was the only franchise to see its valuation dip from year to year, as it decreased from $1.325 billion (15th) in 2018 to $1.275 billion (25th) in 2019.

Lakers Acquire Reggie Bullock From Pistons

FEBRUARY 6: The Lakers and Pistons have each issued a press release confirming that the Bullock trade is now official.

FEBRUARY 5: The Lakers have agreed in principle to acquire Reggie Bullock from the Pistons in exchange for Sviatoslav Mykhailiuk and a second-round pick, Frank Isola and Shams Charania of The Athletic report (Twitter links).

Detroit will receive Los Angeles’ 2021 second-round pick, tweets James Edwards III of The Athletic. The deal is expected to be finalized on Wednesday.

We relayed over the weekend that Los Angeles was one of several teams to call Detroit about the swingman. Bullock, 27, has a $2.5MM expiring contract, so he does not impact the Lakers’ cap situation for free agency this summer.

By trading Bullock, the Pistons will create a $2.5MM trade exception, per ESPN’s Bobby Marks. The Lakers will inherit Bullock’s Bird Rights (with a cap hold of $4.75MM) entering free agency his summer.

In his sixth NBA season, Bullock is averaging a career-best 12.0 PPG through 43 games and gives the Lakers some much-needed outside shooting help. He is shooting the ball at a 38.4% clip from three-point range this season, which is slightly below his career average of 39.6%.

As for the Lakers, they are parting with one of their second-round picks (47th overall) from last year’s draft. The Ukraine native has appeared in 39 games this season, averaging a mere 3.2 PPG. Per Marks, the Pistons will have until July 5 to guarantee Mykhailiuk’s $1.4MM salary for the 2019/20 season. His third season is a team option worth $1.6MM.

Assuming the trade is completed, the Pistons will move $1.5MM below the luxury tax for the season.

Photo courtesy of USA Today Sports Images.

Clippers Trade Tobias Harris To Sixers

12:02pm: The Sixers and Clippers have both issued press releases officially announcing the trade.

“We are in the unique position to contend now and we think this trade positions us well for the postseason,” Sixers GM Elton Brand said in a statement. “Tobias is one of the best three-point shooters in the NBA and possesses an innate ability to impact the game on both ends of the floor, while Boban and Mike provide valuable skillsets, size and depth to our team. All three players bring high character to our locker room and we are excited about their fit alongside Joel, Ben, Jimmy and our entire roster.”

7:10am: The Sixers and Clippers have agreed on a six-player deal that will send Tobias Harris to Philadelphia, Adrian Wojnarowski of ESPN writes. In exchange, Los Angeles will bring back rookie Landry Shamet, two first-round picks and a number of other resources. Shams Charania of The Athletic first reported (via Twitter) that the two sides had reached a deal.

In total, Philadelphia will acquire Harris, Boban Marjanovic, and Mike Scott while Los Angeles adds Shamet, Wilson Chandler, Mike Muscala, Philadelphia’s own 2020 first-rounder, Miami’s unprotected 2021 first-rounder, and a pair of future second-rounders. The two second-round picks will be the Pistons’ 2021 and 2023 selections, per Rich Hofmann of The Athletic (Twitter link).

As for the Sixers’ 2020 first-round pick, ESPN’s Ramona Shelburne reports (via Twitter) that it will be lottery protected for three seasons, and would turn into a pair of second-round picks for 2023 and 2024 if it hasn’t conveyed after those three years.

It’s a massive swing by the 76ers, who appear to be going all-in on their current group after years of rebuilding. In Harris, they acquire a 26-year-old forward who is having the best year of his career. In 55 games for the Clippers, he averaged 20.9 PPG and 7.9 RPG with a shooting line of .496/.434/.877. All of those numbers are career highs.

Harris will join a starting lineup that already features Joel Embiid, Jimmy Butler, Ben Simmons, and J.J. Redick, giving the Sixers arguably the most talented starting five in the East. Meanwhile, Scott and Marjanovic will help replace some of the frontcourt depth Philadelphia has sacrificed by trading Chandler, Muscala, Dario Saric, and Robert Covington this season.

Harris is on an expiring contract and will become an unrestricted free agent this summer, but the Sixers intend to be “aggressive” in re-signing him to a new deal, sources tell Wojnarowski. The plan in Philadelphia is to secure the team’s Big 4 of Embiid, Butler, Simmons, and Harris long-term, regardless of luxury tax concerns, according to ESPN’s Zach Lowe (Twitter link).

Of course, as Lowe observes in a follow-up tweet, having both Butler’s and Harris’ Bird Rights in free agency this offseason will give the Sixers some leverage negotiating with each player. If the franchise ultimately does re-sign both players and gives Simmons a maximum-salary extension, the Big 4 would likely cost approximately $120MM by the 2020/21 season, Bobby Marks of ESPN observes.

As for the Clippers’ side of the deal, while Harris had been great for the team since coming over in last year’s Blake Griffin blockbuster, he isn’t at the top of the organization’s wish list for 2019 free agency. As such, the club was comfortable giving up his Bird Rights in exchange for long-term assets.

By acquiring Shamet and two more first-round picks, including an unprotected 2021 Heat selection that could end up being pretty valuable, the Clippers have added more strong trade assets that could be used in pursuit of a star down the road.

Although the Clippers were one of the clubs on Anthony Davis‘ reported four-team wish list, L.A.’s front office didn’t make this trade with the primary objective to go after Davis, league sources tell Wojnarowski. Still, if the Clips pursue a player like AD or another star this week or in the offseason, their new assets will probably be more intriguing to a rebuilding team than Harris would have been.

Harris ($14.8MM), Marjanovic ($7MM), and Scott ($4.32MM) are all on expiring contracts, as are Chandler ($12.8MM) and Muscala ($5MM). However, the Clippers will actually add a little money to their books for 2019/20 by taking on Shamet, who is on his rookie contract and will earn just under $2MM in 2019/20.

Even after that modest addition to their cap, the Clippers will be in a good position to create the space necessary for at least one maximum-salary player in July. According to Marks, the Clippers should have about $37MM in room, and could increase that number to $49MM by waiving Avery Bradley. If they could find a taker for Danilo Gallinari, that figure would further increase to $70.7MM, which should be enough for two max slots.

The ramifications of this blockbuster deal on both conferences could be significant. In the West, the Clippers currently hold the No. 8 seed at 30-25, but the Kings and Lakers remain in hot pursuit of a playoff spot. Without Harris, the Clips’ playoff chances will dip, which in turn will reduce their odds of hanging onto their 2019 first-round pick — that selection is owed to the Celtics, but is lottery protected.

Meanwhile, in the Eastern Conference, there’s a clear group of four teams at the top of the postseason race, with the Sixers joining the Bucks, Raptors, and Celtics. It will be interesting to see whether any of those other contenders respond with moves of their own before Thursday’s deadline.

In his analysis of the trade, ESPN’s Tim Bontemps notes that Milwaukee may have already made its most significant move, acquiring George Hill earlier in the season, and Boston may save its assets for an offseason run at Davis. That leaves the Raptors as the most intriguing wild card over the next couple days. Toronto has been aggressive on several fronts, tweets Chris Mannix of SI.com.

Finally, one more cap-related note on this swap: The Clippers have multiple options for how to structure the deal, but one approach would see them create a $9.8MM traded player exception. Philadelphia won’t be able to generate a new TPE in the trade.

Austin Kent contributed to this story.

Photo courtesy of USA Today Sports Images.

O’Connor’s Latest: Gasol, Conley, OKC, Prince, More

As we relayed earlier today, Kevin O’Connor of The Ringer hears that the Hornets‘ offer for Grizzlies center Marc Gasol is Bismack Biyombo, Michael Kidd-Gilchrist, and a protected first-round pick. That would be an underwhelming return for Gasol, but there hasn’t been much league-wide interest in the 34-year-old, O’Connor writes.

The Kings and Pistons were among the teams potentially in the mix for Gasol, according to O’Connor, but Memphis didn’t have any interest in Detroit center Andre Drummond and Sacramento was unwilling to part with promising young wing Bogdan Bogdanovic, whom the Grizzlies wanted.

The Raptors reportedly explored a potential Gasol deal, initially attempting to come up with an individual trade for one Grizzlies veteran before turning it into a package for both Gasol and Mike Conley, O’Connor writes. However, those talks didn’t advance and league sources tell The Ringer that it’s unlikely Toronto ends up with Gasol or Conley.

Elsewhere on the Conley front, the Jazz continue to make a strong push, with an offer that includes Ricky Rubio, Derrick Favors, and a first-round pick, per O’Connor. The sense around the NBA is that the Grizzlies won’t settle for a modest return for Conley, which is something we heard in relation to the Pistons’ offer earlier today.

O’Connor’s latest piece for The Ringer features several more trade-related tidbits, so we’ll round them up here…

  • The Thunder are believed to be among the teams with interest in Cavaliers guard Alec Burks, league sources tell O’Connor. However, Burks wouldn’t fit into OKC’s $10.88MM trade exception. The Thunder, along with the Sixers and Trail Blazers, have expressed interest in Hawks wing Taurean Prince, O’Connor adds.
  • Following up on his report from last week about the Rockets and Grizzlies discussing a Brandon Knight trade, O’Connor suggests that Marquese Chriss and a first-round pick would also go to Memphis in that proposed deal. Houston would be targeting JaMychal Green and Garrett Temple in the swap, though it remains in the discussion stage for now.
  • The Kings have made calls about veteran forwards Harrison Barnes (Mavericks) and Otto Porter (Wizards) but have found no traction on a Porter deal, writes O’Connor.
  • While DeAndre Jordan looks like an obvious trade candidate, it wouldn’t be a major surprise if the Knicks keep him around as a potential recruiter for Kevin Durant, according to O’Connor, who notes that Durant and Jordan are good friends. Stefan Bondy of The New York Daily News wrote about this subject on Tuesday.
  • League sources don’t expect the Celtics to do anything at the deadline with Terry Rozier, since he could serve as potential Kyrie Irving insurance or a sign-and-trade sweetener for Anthony Davis in the offseason, says O’Connor.
  • According to O’Connor, the Pacers remain open to moving one of their two veteran point guards, Cory Joseph or Darren Collison. Both players are on expiring contracts.