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Atlantic Notes: Knicks, Ennis, Durant, Nets

July 11th, 2019 at 10:38am CST by Luke Adams

When Kelly Oubre struck a deal with the Suns late on Wednesday night, he represented the last of the players on our list of 2019’s top 50 free agents to reach a contract agreement with a team. However, two of those agreements are in flux.

As we previously relayed, Reggie Bullock and the Knicks are attempting to rework a two-year, $21MM deal that fell apart due to an issue with Bullock’s physical, and Marcus Morris is re-evaluating his two-year, $19MM deal with the Spurs now that New York may have cap room again.

As of Thursday morning, there’s still mutual interest between Bullock and the Knicks in finding a new deal that works, per Ian Begley of SNY.tv. Begley notes that a source told him earlier this week that the Knicks are hopeful of landing Morris, whose veteran presence and toughness intrigues the club. Steve Popper of Newsday adds (via Twitter) that he has heard from people inside and outside the Knicks’ organization who think that Morris will end up in New York.

As we wait for resolution on those two free agents, let’s round up a few more notes from around the Atlantic…

After agreeing to a new deal with the Sixers as a free agent, forward James Ennis expressed major confidence in the team’s outlook for 2019/20, as Keith Pompey of The Philadelphia Inquirer tweets. “We had a good chance last year. Kawhi (Leonard) is gone. He went to the West,” Ennis said. “So we are going to walk to the Finals in the East.”
Kevin Durant initially “balked” at the idea of being signed-and-traded to the Nets straight up for D’Angelo Russell, sources tell Brian Windhorst of ESPN. As Windhorst explains, Durant didn’t believe it was a fair deal, presumably because he could have signed outright with Brooklyn using the team’s cap room. The Warriors ultimately ended up including a heavily protected first-rounder in the swap not just to satisfy the Nets, but to satisfy KD, says Windhorst.
Sources tell Brian Lewis of The New York Post that the Nets‘ newly-added star power could increase Barclays Center revenues by about $40MM through “increased sponsorships, merchandising, and ticket sales.”

Klay Thompson Signs Five-Year Max Deal With Warriors

July 10th, 2019 at 5:48pm CST by Luke Adams

JULY 10: Thompson’s five-year, maximum-salary contract is now official, the Warriors announced in a press release.

JULY 1: Wojnarowski provides another update on Thompson’s new contract, tweeting that it includes a 15% trade bonus. Trade bonuses can’t push a player’s salary beyond his max, so Klay wouldn’t receive it in the unlikely event he’s traded this season. That could change down the road.

JUNE 30: The Warriors and Thompson have a “done deal” in place, three sources confirm to Marc Stein of The New York Times (Twitter link). A source tells Anthony Slater of The Athletic (Twitter link) that it’s a standard five-year deal with no options and no no-trade clause.

JUNE 29: The Warriors and Thompson plan to reach an agreement on a five-year max deal shortly after free agency begins on Sunday, tweets Shams Charania of The Athletic.

JUNE 28: The Warriors are planning to offer All-Star guard Klay Thompson a five-year, maximum-salary contract when free agency opens on Sunday, reports ESPN’s Adrian Wojnarowski. According to Wojnarowski, that offer will likely accelerate Thompson’s free agency, as the two sides aren’t expected to take long to reach an agreement.

Reports this week have indicated that Thompson had considered meeting with the Lakers and Clippers if the Warriors didn’t put that five-year offer (worth a projected $189.66MM) on the table right away. However, there has been no indication – even after Thompson tore his ACL – that Golden State was wavering on making that commitment.

According to Wojnarowski, several teams that had Thompson on their wish lists have given up hope on that possibility in recent days, becoming convinced that the sharpshooter will remain in the Bay Area.

An ESPN report this morning suggested that Thompson’s camp might have been using those Los Angeles teams to create leverage to ask the Warriors for a fifth-year player option or a no-trade clause. Stephen Curry didn’t get either of those perks in his own five-year, maximum-salary deal, so Golden State may be reluctant to give them to Thompson. At this point, it’s not clear whether or not Klay’s camp intends to push for either one.

If the Warriors can lock up Thompson, they’ll be halfway to keeping their core intact for the 2019/20 season. The team also reportedly plans to offer a five-year maximum-salary (worth a projected $221MM+) to Kevin Durant.

[UPDATE: Durant has committed to the Nets]

Both Thompson and Durant – who is recovering from a ruptured Achilles – are expected to miss most or all of next season, but would be ready to go for 2020/21.

Photo courtesy of USA Today Sports Images.

Trade Details: Napier, Graham, Warriors, Pacers, More

July 10th, 2019 at 4:59pm CST by Luke Adams

Eric Pincus of Basketball Insiders has provided some additional details on one of the most interesting trade sequences of the offseason, filling in the blanks on the deals that sent Shabazz Napier and Treveon Graham from Brooklyn to Golden State to Minnesota.

As previously outlined by cap guru Albert Nahmad (Twitter link), in order to match salaries in their sign-and-trade deal for Kevin Durant ($38,199,000), the Nets had to send out $30,479,200 in salaries of their own, but D’Angelo Russell‘s maximum salary was only worth $27,285,000.

Brooklyn included Napier’s ($1,845,301) and Graham’s ($1,645,357) non-guaranteed contracts to make up that $3,194,200 difference, but had to partially guarantee those salaries in order for them to count for salary-matching purposes. According to Pincus (via Twitter), the Nets did so by giving each player a guarantee worth $1,597,100.

The hard-capped Warriors, who only took on the duo in order to acquire Russell, didn’t want those contracts on their books, so they flipped them to the Timberwolves in a separate trade. According to Pincus (via Twitter), Golden State paid $3.6MM in cash to Minnesota in that deal, more than enough to cover both players’ full salaries and make it worth the Wolves’ while (Napier’s and Graham’s combined salaries total $3.5MM for 2019/20).

[RELATED: 2019 NBA Offseason Trades]

Interestingly, teams are limited to sending out a total of $5,617,000 in cash in trades during the 2019/20 league year, and the Warriors have now sent out $3.6MM to Minnesota and $2MM to Memphis (in the Andre Iguodala deal). In other words, Golden State won’t have the ability to send out additional cash later in the season in another trade.

Here are more details on recent trades:

In the three-way trade that landed them T.J. Warren from Phoenix and three future second-round picks from Miami, the Pacers sent $1.1MM in cash to the Suns, per Pincus (Twitter link).
The Clippers sent $110K to the Heat in the four-team Jimmy Butler sign-and-trade deal, says Pincus (Twitter link). That small amount of cash – the minimum allowable in a trade – was the only outgoing piece for the Clips in a swap that landed them Maurice Harkless, the Heat’s lottery-protected 2023 first-round pick (later included in the Paul George package), and the draft rights to 2017 second-rounder Mathias Lessort.
In addition to getting $1.1MM from the Wizards in their three-team Anthony Davis trade, the Pelicans also received $1MM in cash from the Lakers, tweets Pincus. Pincus also notes that Washington used its trade exception from February’s Markieff Morris trade to take on Bonga’s $1.42MM salary. That exception was originally worth $8.6MM and was also used to acquire Davis Bertans ($7MM), so it has essentially been all used up.

Warriors Waive Shaun Livingston

July 10th, 2019 at 2:33pm CST by ChrisCrouse

JULY 10: The Warriors have issued a press release to announce that Livingston has officially been waived and thanking him for “immense contributions” to the franchise. Assuming he goes unclaimed, as expected, he’ll clear waivers on Friday.

JULY 9: The Warriors have waived veteran guard Shaun Livingston, reports ESPN’s Adrian Wojnarowski (via Twitter). The move was a necessary one for the hard-capped Dubs, who needed to remove Livingston’s $7.7MM salary from their books before it became fully guaranteed.

Livingston had a $2MM partial guarantee, which the Warriors will stretch across three seasons at a rate of $666K per year. Golden State likely explored moving the 33-year-old in a trade to avoid eating that dead money, but would have had to attach an asset to him to find a taker.

According to Wojnarowski, Livingston is determined to continue his playing career after being cut by Golden State. He’ll clear waivers later this week and will likely be prioritizing contending teams as he seeks a new NBA home.

A member of the Warriors teams that have reached the NBA Finals in each of the last five years, Livingston played a regular rotation role in Golden State, averaging between 15.1 and 19.5 minutes per game in each season since 2014/15. He recorded 4.0 PPG, 1.8 APG, and 1.8 RPG in 64 games in 2018/19.

Here are a few more notes on the Warriors’ contracts and cap situation:

Second-round pick Eric Paschall received a three-year, guaranteed minimum-salary contract, per ESPN’s Bobby Marks (Twitter link). The Warriors used the mid-level exception to give him that third year.
The Warriors also used their mid-level exception to sign Willie Cauley-Stein, who got a two-year, $4.4MM deal with a second-year player option, tweets Shams Charania of The Athletic. That contract is worth a little more than the minimum.
While the Warriors still have some MLE money leftover, they’re unlikely to be able to use it this year. According to Marks (Twitter link), after waiving and stretching Livingston, the team projects to be just $219K below the $138.9MM hard cap once all its moves are complete.

Photo courtesy of USA Today Sports Images. Luke Adams contributed to this post.

Free Agent Notes: Ellis, Green, Speights

July 9th, 2019 at 6:15pm CST by ChrisCrouse

Representatives from nearly half of the league’s teams were in attendance for a workout that included former NBA stars Amar’e Stoudemire and Monta Ellis, Chris Haynes of Yahoo Sports tweets.

The Lakers, Clippers, Warriors, Knicks, Thunder, Bucks, Pistons, Kings, Nuggets, Blazers, Magic, Hawks, Wolves and Wizards were all in attendance. Haynes adds that 15 international teams from Europe and Asia also had representatives in Las Vegas for the workout.

Here’s more from around the league:

The Spurs, Nuggets, and Knicks were all interested in JaMychal Green before the forward re-signed with the Clippers, Jovan Buha of The Athletic writes. Those teams were offering him a more lucrative offer than the one he signed with Los Angeles. The Clippers put on a “full-court press” to retain Green, Buha adds, and the 29-year-old ended up inking a two-year deal worth slightly under $10MM.
Green has the ability to be a free agent next summer, having secured a player option as part of his deal with the Clippers. Buha (in the same piece) speculates that Green could have commanded a deal in the $10MM+ range this offseason and that the forward should have the opportunity for a similar contract next summer.
Mo Speights, who played in China last season, is working out for teams in Las Vegas on Wednesday, Marc J. Spears of The Undefeated tweets. Speights last played in the NBA for the Magic during the 2017/18 season.

Warriors Notes: Russell, Iguodala, Robertson, Smailagic

July 9th, 2019 at 12:22pm CST by Luke Adams

It took less than 24 hours after D’Angelo Russell had agreed to join the Warriors via sign-and-trade for the trade speculation to begin. Marc Stein of The New York Times suggested during a July 1 radio appearance that Russell isn’t a long-term fit in Golden State, adding that it’s “just a matter of when” – not “if” – he’ll be dealt.

Speaking to reporters, including Nick Friedell of ESPN, on Monday for the first time as a Warrior, Russell acknowledged that a trade is a possibility at some point down the road (he can’t be dealt until at least December 15). However, D-Lo didn’t make it sound as if he’ll be stressing about that scenario.

“That’s the business of it,” Russell said. “It is what it is. You put yourself in a position to go somewhere for a long period of time, and it may not be what it is a year later. And that’s the business. I’ve come to a realization of that, and I understand that, so whatever situation I’m in, I know the business side of it, so we’ll just see. I can’t predict it.”

For now, Russell slots in next to Stephen Curry in what should be a dynamic Warriors’ starting backcourt. It will be interesting how the team manages its lineup when longtime shooting guard Klay Thompson is ready to return from his torn ACL later in the 2019/20 season.

Here’s more on the Warriors:

In their press release confirming the trade that sent Andre Iguodala to Memphis, the Warriors also announced that they plan on retiring Iguodala’s No. 9. “He has been absolutely vital to our success during five consecutive appearances in the NBA Finals and three championships,” team owner Joe Lacob said of Iguodala. “We thank Andre for all of his contributions and look forward to seeing his number in the rafters at Chase Center.”
The Warriors are hiring Theo Robertson to fill a player development opening on their coaching staff, tweets Anthony Slater of The Athletic. Robertson played college ball at Cal in the late 2000s and has since held jobs with the Warriors, Lakers, and his alma mater. He’ll replace Willie Green, who joined Monty Williams‘ staff in Phoenix.
In an in-depth article for The Mercury News, Mark Medina explores how the Warriors first discovered young big man Alen Smailagic, how he impressed the team, and why management fully believes in his potential. The 39th overall pick officially signed his first NBA contract this week, as we relayed earlier today.

Warriors Sign Second-Rounder Alen Smailagic

July 9th, 2019 at 10:09am CST by Luke Adams

The Warriors have signed one of their second-round picks, forward/center Alen Smailagic, to his first NBA contract, according to NBA.com’s official transactions log. The team also locked up its other second-rounder, Eric Paschall, as we detailed on Monday night.

[RELATED: 2019 NBA Draft Pick Signings]

Smailagic’s name began to surface prior to the draft as a probable second-rounder target for the Warriors. The 18-year-old Serbian played in the G League for Santa Cruz – Golden State’s affiliate – in 2018/19 but wasn’t draft-eligible until this year. He was shut down early in the pre-draft process and was “hidden” in Serbia from the rest of the NBA.

Despite trading for the No. 41 pick prior to the draft, the Warriors ultimately decided they’d have to move even higher to secure Smailagic. The club sent two second-round picks and $1MM in cash to the Pelicans in order to nab the No. 39 selection and draft him.

Details of Smailagic’s first NBA contract aren’t yet known, but he and Paschall will both likely earn the rookie minimum ($898K) in 2019/20 in order to help keep the Warriors below their $138.9MM hard cap. Smailagic’s deal could go beyond two years if Golden State used its mid-level exception.

Warriors Sign Eric Paschall

July 8th, 2019 at 11:59pm CST by Luke Adams

The Warriors have officially signed second-round pick Eric Paschall to his first NBA contract, as the rookie forward himself announced today (via Twitter). NBA.com’s transactions log confirms the signing is complete.

Golden State used the 41st overall pick in the draft to select Paschall after acquiring the selection from the Hawks in exchange for cash a future second-round pick. The 22-year-old, who won a title with Villanova in 2018, followed it up with a solid senior year in which he averaged 16.5 PPG, 6.1 RPG, and 2.1 APG in 36 games.

Terms of Paschall’s contract weren’t released, but he’ll almost certainly receive the rookie minimum of $898K, given the Warriors’ cap constraints. As ESPN’s Bobby Marks observes (via Twitter), the Warriors will only be about $219K below their hard cap once they complete a series of moves that includes waiving and stretching Shaun Livingston‘s contract, as well as Paschall’s signing.

If they used their mid-level exception to complete the deal, the Warriors could go up to four years for Paschall.

Warriors Trade Graham, Napier To Timberwolves

July 8th, 2019 at 11:12pm CST by Luke Adams

JULY 8: The trade is official, with the Warriors receiving the draft rights to Lior Eliyahu in the swap, according to a press release from the team.

Because they had to be used for salary-matching purposes in the Kevin Durant sign-and-trade, Graham and Napier both received significant partial guarantees. Graham had about 90% of his $1.65MM salary guaranteed, tweets Darren Wolfson of SKOR North.

JULY 1: Treveon Graham and Shabazz Napier, two of the three players the Warriors are acquiring from the Nets in their sign-and-trade deal for D’Angelo Russell, will be re-routed to the Timberwolves, according to ESPN’s Adrian Wojnarowski (via Twitter). Minnesota will also receive cash in the deal, Woj notes.

As part of the agreement, Napier and Graham – who are both on non-guaranteed contracts – will receive partial guarantees, tweets ESPN’s Bobby Marks. Both players will have their minimum salaries for 2019/20 becomes guaranteed if they’re not waived by July 10, Marks adds (via Twitter).

It’s a cap-conscious move for the Warriors, for whom every dollar will count, since they face a hard cap of $138.9MM for this season. According to Marks (via Twitter), flipping Graham and Napier will save the team about $250K.

There’s a chance that one or both of Napier and Graham could stick in Minnesota for the season, according to Jon Krawczynski of The Athletic (Twitter link). However, that’s far from a certainty.

Warriors Sign Willie Cauley-Stein

July 8th, 2019 at 10:12pm CST by Luke Adams

JULY 8, 10:12pm: The signing is official, the team’s PR department tweets.

JULY 2, 4:31pm: Free agent center Willie Cauley-Stein has decided to join the Warriors, according to Marcus Thompson of The Athletic (Twitter link). Chris Haynes of Yahoo Sports confirms (via Twitter) that the two sides are in agreement on a deal.

Although Cauley-Stein opened the free agent period as a restricted free agent, he didn’t stay restricted for long — the Kings rescinded his qualifying offer in order to create the necessary cap room to sign their other targets, including Cory Joseph. As a result, Cauley-Stein is free to sign outright with any team.

The sixth overall pick in the 2015 draft, Cauley-Stein spent the first four years of his NBA career in Sacramento, though it became increasingly clear as the Kings were linked to free agent centers in recent weeks that he probably wasn’t part of the club’s plan going forward. The Kings ultimately struck deals with Dewayne Dedmon and Richaun Holmes to address the five spot.

Cauley-Stein will head to another Pacific team in the Warriors, which is a little surprising, given the lack of cap flexibility for Golden State. The team is expected to fill out its roster with mostly minimum-salary players after hard-capping itself at the tax apron by acquiring D’Angelo Russell via sign-and-trade. However, Cauley-Stein will get a salary slightly above the minimum, tweets ESPN’s Zach Lowe.

In 81 games (27.3 MPG) for the Kings in 2018/19, Cauley-Stein averaged 11.9 PPG, 8.4 RPG, and 2.4 APG. He’ll join a new-look Warriors roster that will no longer feature Kevin Durant and Andre Iguodala in 2019/20. In the wake of the team’s agreement with Cauley-Stein, it also seems increasingly unlikely that DeMarcus Cousins will return.

Photo courtesy of USA Today Sports Images.