Pistons Rumors

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.

Bucks, Pistons Agree To Stanley Johnson, Thon Maker Trade

Update: This trade agreement has been rolled into a second deal between the Bucks and Pelicans to make it a three-team trade. You can read the full story here.

The Bucks and Pistons are in the process of finalizing a trade that will send forward Stanley Johnson to Milwaukee and big man Thon Maker to Detroit, a league source tell ESPN’s Adrian Wojnarowski (Twitter link). According to Wojnarowski (via Twitter), the deal has been agreed to in principle.

The move will see two Central Division teams swap a pair of former lottery picks that had fallen out of their clubs’ long-term plans. It’s a straight-up, one-for-one trade with no additional players or draft assets, tweets James Edwards III of The Athletic.

Johnson, the eighth overall pick in the 2015 draft, seemed set to assume a larger role for the Pistons in 2018/19 after starting 50 games last season. However, the 22-year-old has taken a step back, averaging 20.0 minutes per game after playing 27.4 MPG in 2017/18. His shooting numbers have also failed to improve over the course of his career. His .381 FG% and .282 3PT% this season are about in line with his career rates.

Because he’s in his fourth NBA season, Johnson will be eligible for restricted free agency this summer, but he was unlikely to receive a qualifying offer from the Pistons, as Vince Ellis of The Detroit Free Press notes (via Twitter). The Bucks will get the opportunity to audition him as a three-and-D wing down the stretch in 2018/19 before deciding this summer whether they want to try to keep him around for a little longer.

As for Maker, the 10th overall pick from 2016’s draft has also seen his role reduced this season. The 7’1″ center, who will turn 22 later this month, appeared in 35 games for Milwaukee, averaging 4.7 PPG and 2.7 RPG in just 11.7 minutes per game. Given Maker’s limited playing time, his agent asked the Bucks to trade him to a team that would give him a greater opportunity.

Maker will get that opportunity in Detroit, where he’ll reunite with former Bucks assistant Sean Sweeney, ESPN’s Tim Bontemps observes (via Twitter). The Pistons aren’t exactly stacked with a deep and talented frontcourt behind Andre Drummond and Blake Griffin, so Maker should get the chance to battle the likes of Zaza Pachulia and Jon Leuer for minutes in Dwane Casey‘s rotation. He also remains under contract for one more year before reaching restricted free agency in 2020.

Maker is earning a salary of about $2.8MM in 2018/19, while Johnson’s cap hit is $3.94MM. Trade rules allow for that modest difference in salaries, which will benefit the Pistons — as a result of this deal and their trade sending Reggie Bullock to the Lakers, they’ve created an extra $2MM+ in breathing room below the luxury tax line, ESPN’s Bobby Marks notes.

The Pistons will also generate a small trade exception worth the difference in the two players’ salaries ($1,140,682).

Photo courtesy of USA Today Sports Images.

Pistons Still Exploring Trades, Pessimistic On Conley

The Pistons are on the verge of completing a trade that will send Reggie Bullock to the Lakers, and they may not be done making moves before Thursday’s deadline, according to a pair of beat writers.

Rod Beard of The Detroit News tweets that he believes the Pistons will be exploring the market for other cost-saving deals or potential additions. Meanwhile, Vince Ellis of The Detroit Free Press (Twitter link) hears that the team is working on acquiring more draft picks.

Ellis has shared a few more rumors, including another one on the Pistons, so we’ll pass those along in this space:

  • According to Ellis (Twitter link), the Pistons apparently don’t expect to land Mike Conley from the Grizzlies. A source tells Ellis that Memphis was “asking too much.” The Jazz and Raptors are among the other teams that have been linked to Conley, with the Utah talks believed to have been more serious.

Trade Rumors: KCP, J. Parker, O’Quinn, R. Lopez

In addition to doing their best to pry Anthony Davis away from the Pelicans, the Lakers have reportedly explored a deal with the Bulls involving Kentavious Caldwell-Pope and Jabari Parker. ESPN’s Brian Windhorst reported as much on the Hoop Collective podcast this week, as Matthew Moreno of LakersNation.com relays.

There are a number of potential roadblocks to such a deal. For one, the Lakers would have to include at least one more piece in order to match salaries, since Parker is earning $20MM and Caldwell-Pope has a $12MM cap hit. Most of the Lakers’ other expiring contracts are tied up in their offer for Davis, though they’d be available to move if the Pelicans decide to hang onto AD through the deadline.

Additionally, Caldwell-Pope has the ability to veto a trade, which is why he hasn’t been included in any of the Lakers’ offers to the Pelicans for Davis. Windhorst suggests that the Bulls “really like” Caldwell-Pope, so if KCP reciprocates that interest, perhaps he’d sign off on a deal. But it’s unclear whether he’d agree on a move that would send him from a playoff contender to a lottery team. For what it’s worth, Joe Cowley of The Chicago Sun-Times hears that Caldwell-Pope doesn’t appear to be interested in the Bulls.

Here are a few more trade rumors and notes from around the NBA:

Latest On Mike Conley

With three days to go until the trade deadline, the Jazz and Pistons remain the teams most frequently named as potential suitors for Mike Conley. Tony Jones of The Salt Lake Tribune reports that the Grizzlies are talking to both Utah and Detroit, adding that both clubs have made competitive offers for the veteran point guard (all Twitter links).

As previous reports have suggested, the Jazz’s offer for Conley centers around Ricky Rubio and a first-round draft pick, though at least one more player would need to be added for salary-matching purposes and Memphis may be seeking an additional pick.

According to Vince Ellis of The Detroit Free Press, who confirms that the Pistons have engaged in talks with the Grizzlies, it’s fair to surmise that Detroit has offered Reggie Jackson and a first-rounder for Conley. However, a source tells Ellis that the Grizzlies would “want more.” Ellis wonders if adding Luke Kennard would be enough — and whether it’d be worth it for the Pistons.

Like the Jazz, the Pistons would also have to add at least one more player to their offer in order to match Conley’s salary. Many of Detroit’s most expensive contracts – including Jackson’s – are multiyear deals, while Utah has sizable expiring contracts like Rubio’s and Derrick Favors‘ available. The Grizzlies’ willingness to take on multiyear money is unclear, but those expiring deals would allow for more flexibility.

For their part, Conley and longtime teammate Marc Gasol are eager for answers about which team(s) they’ll be playing for on Friday, as Brian Mahoney of The Associated Press writes.

“You look forward to that deadline passing,” Conley said. “Either way it goes, you just want to get clarity and understand your situation going forward, and you try to block it out but it’s hard. Everybody who texts you or talks to you in person mentions something about it, so it’s hard to run from it. But you just hope for the week to get through real quick and get back to business, whether it’s here or anywhere else.”

Lakers Called Pistons About Reggie Bullock

The Lakers are among several teams that have contacted the Pistons about swingman Reggie Bullock, tweets Tania Ganguli of The Los Angeles Times. Detroit is listening to offers for Bullock, but hasn’t been tempted by anything it has heard so far, according to Ganguli.

The 27-year-old has a $2.5MM expiring contract, so he wouldn’t impact the Lakers’ cap situation for free agency this summer. Ganguli doesn’t specify what L.A. was offering in return.

Bullock is averaging a career-best 11.8 points per night through 41 games and would give the Lakers some much-needed outside shooting help. He is hitting at a 37.1% clip from 3-point range this season, which is slightly below his career average of 39.2%.

Latest On Mike Conley, Marc Gasol Suitors

The Jazz and Grizzlies have explored a trade involving Mike Conley and Ricky Rubio, and Zach Lowe of ESPN.com hears that Utah’s interest in the former No. 4 overall pick is “very real.” The organization could feasibly build a package around Rubio and Derrick Favors, who are both on expiring deals, while peppering in a draft pick or two.

Utah is reportedly unimpressed with the 2019 draft class and their first-round pick is on the table in trade talks. It’s unclear if the Jazz would toss in a second first-round pick for Conley, though it would be a surprising development. Lowe speculates that Dante Exum could be in the mix as part of a package, adding that the Jazz could move on to more affordable targets, such as Nikola Mirotic, if the price for Conley remains too high.

The Conley sweepstakes are expected to heat up as we get closer to the deadline and surprise suitors could emerge. Lowe passes along more from Memphis regarding their two biggest stars:

  • Marc Gasol is hoping for a trade and teams are waiting to see if the Grizzlies lower the asking price for their long-time center, Lowe reports. As for a potential Pistons-Grizzlies deal, Memphis has not shown any interest in acquiring Andre Drummond yet and Lowe hears that Detroit may be saving its trade chips for someone else.
  • The Pistons and Grizzlies have talked about a Conley deal, though discussions did not get very far. Detroit would likely have to ship out Reggie Jackson is a trade for Conley.
  • While Conley would be a nice on-court fit for the Pacers, Indiana has stepped away from Conley talks, sources tell Lowe. Lowe speculates that the Grizzlies would likely ask for Domantas Sabonis is a Conley deal, something that wouldn’t appeal to the Pacers.
  • The Jazz would have interest in signing Tobias Harris this summer should they not trade for Conley or make a major move at the deadline that utilizes their future cap space. The Clippers have received calls for Harris, per Lowe, though rival teams get the sense that they have no interest in trading him. Lowe adds that Los Angeles would be happy to re-sign Harris in the offseason.
  • The Kings are not as interested in Gasol as reports and speculation might suggest. Sacramento doesn’t appear to be willing to hand over a future first-rounder in exchange for the big man, as the club owes its 2019 pick to Boston (Philadelphia gets the selection if it’s the No. 1 pick).