Rockets Rumors

Oladipo-LeVert Deal Complete; Pacers Get Additional Compensation

The Rockets and Pacers have officially completed their swap of high-scoring guards, with Caris LeVert going to Indiana and Victor Oladipo heading to Houston, Shams Charania of The Athletic tweets.

It’s part of the four-team blockbuster that sent former Most Valuable Player James Harden to Brooklyn, even though all other aspects were officially announced earlier this week. LeVert was acquired by the Rockets in that trade.

The part of the deal flipping LeVert to Indiana initially looked like it would be completed as a separate transaction, which would’ve allowed the Rockets to maximize the value of a trade exception created in the original trade.

However, an additional second-round pick and cash are being sent to Indiana due to an issue discovered in LeVert’s physical, per Charania, requiring the trade to be formally completed as a four-teamer.

[UPDATE: LeVert Out Indefinitely Due To Small Mass On Left Kidney]

In addition to Oladipo and a 2023 second-round pick (from the Rockets), the Pacers are also receiving cash and a 2024 second-round pick, says Charania. That additional pick, which is coming from Cleveland, was originally supposed to land with the Nets.

Per RealGM’s list of traded picks, the two picks headed to Indiana will technically be the least favorable of Houston’s, Dallas’, and Miami’s 2023 second-rounders; and the least favorable of Cleveland’s and Utah’s 2024 second-rounders.

With all aspects of the deal now completed, Harden is available to play Saturday for the Nets. Brian Mahoney of the Associated Press tweets.

Oladipo will be an unrestricted free agent at the end of the season and the Pacers feared they wouldn’t be able to re-sign him. In contrast, LeVert is in the first year of a three-year, $52.5MM contract. Both players have missed time in recent years due to injuries, but are healthy and playing well this season.

“We want to thank Victor for what he gave to the Pacers through his play, his diligence in rehab coming back from a serious injury, and his community efforts,” Pacers president of basketball operations Kevin Pritchard said in a statement confirming today’s deal. “These decisions are obviously never easy and this one in particular was hard because of our relationship.

“Caris is a high-quality person who will fit in with what we as an organization are doing, on and off the floor. He’s a versatile young talent who we think will be a great fit with the direction our team is taking. He can play multiple positions and affect the game at both ends of the floor.”

The Rockets, meanwhile, could retain Oladipo and attempt to re-sign him beyond 2021 or could explore flipping him at the March 25 trade deadline. Houston can trade him immediately but would have to wait until after March 7 to move him in a deal that aggregates his salary for matching purposes. For now, the Rockets will probably want to see how Oladipo looks in their revamped lineup.

Because of the amended structure of the trade, the trade exception generated by the Rockets will be worth approximately $10.65MM instead of $15.45MM.

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

Rockets Pull Together After Harden Trade

  • The Rockets defeated the Spurs in their first game since the James Harden trade and rookie forward Jae’Sean Tate  said the team was determined to put up a unified front, according to ESPN’s Tim MacMahon. Houston also played without the most prominent player it acquired, Victor Oladipo, as well as injured guards John Wall and Eric Gordon. “There’s a lot of guys — on the team and coaching staff and the GM — everybody has so much to prove,” Tate said.

Harden On Rockets Exit: “I Wasn’t Disrespectful To Anyone”

Rockets center DeMarcus Cousins described James Harden‘s comments and behavior during his final days in Houston as “disrespectful.” However, speaking today to reporters for the first time since being traded to the Nets, Harden disagreed with that assessment.

“I wasn’t disrespectful to anyone,” Harden said on Friday, per Jonathan Feigen of The Houston Chronicle. “Those guys, they just got there, to Houston. I’ve been there a very long time. I’ve been through all the ups and downs with that organization. And I wasn’t disrespectful to anyone.

“I just made a comment that the team as a whole wasn’t good enough to compete for a title. The stage of my career, where I am now, that’s what I would love. So, I wasn’t trying to be disrespectful to anybody, especially the organization. I’m excited to be here in Brooklyn, excited for a new start.”

Harden did express some regrets about the way his tenure in Houston ended, noting that there were “some things I feel like were out of my character,” but didn’t identify any specific comments or actions that he regretted, Feigen notes.

Harden’s desire to be traded by the Rockets was reported all the way back in November and dominated headlines for nearly two months, but NBA rules prevented him from publicly discussing his trade request until now — doing so would have resulted in a fine. Asked about it today, the former MVP explained that he became motivated to move on following the Rockets’ playoff loss to the Lakers over the summer.

“After the bubble, after that loss, I wanted to re-evaluate my career, the team, where the organization was going,” Harden said, according to Feigen. “You look from top to bottom, the general manager (Daryl Morey) leaving, (head coach) Mike D’Antoni leaving, to reevaluating our personnel and seeing if we had enough to compete with the best teams in this league, as time went on, as free agency and things like that started to go on, I felt like we didn’t have a chance.”

Having decided that he wanted out of Houston, Harden confirmed today that the Nets were atop his wish list, though he said that list featured a handful of other teams as well. The 31-year-old praised the Rockets for working with him to find an appropriate deal and making sure he ended up in a favorable landing spot.

“They worked with me, as bad as it might’ve looked from the outside, and they made sure I ended up here, so much credit to them and (I’m) very, very appreciative,” Harden said, per Adam Zagoria of Forbes.

Harden issued a farewell to Rockets fans with a post on Instagram earlier today, writing that the organization and the city of Houston “has given me everything I could ask for and more.”

Wolves Expected To Re-Engage With Rockets On P.J. Tucker

Now that the Rockets have moved James Harden, there’s an expectation that the team will be more open to trading P.J. Tucker as well. A report earlier this week indicated that multiple teams are asking about Tucker, and Jon Krawczynski of The Athletic says the Timberwolves are among the clubs expected to be in the hunt for the veteran forward.

The Wolves, who reportedly inquired on Tucker during the offseason, have been monitoring his situation in Houston since before the draft and have maintained contact with the Rockets since then, according to Krawczynski.

Minnesota’s president of basketball operations Gersson Rosas worked in Houston’s front office before joining the Wolves in 2019, though it remains to be seen whether his friendly relationship with the Rockets’ top decision-makers will help grease the wheels for a potential deal. As Krawczynski points out, Tucker’s versatility and his $8MM expiring contract will make him a logical trade target for several contenders.

Still, the Wolves look like an especially good fit for Tucker, given their lack of reliable options at the power forward spot. Rosas himself has acknowledged that the team could use an upgrade at the four, as Krawczynski relayed earlier in the week.

“The power forward position is probably one of the areas where we have the most questions right now,” Rosas said. “Part of it is there’s some young guys there and we’re trying to get to a good fit. But I wouldn’t be doing my job if we’re not trying to improve and get better and address our needs.”

Having opted for a Harden package loaded with draft picks and swaps, the Rockets would likely prioritize draft assets again in talks for Tucker and would presumably attempt to land a first-round pick. That may reduce the Wolves’ chances, according to Krawczynski, who points out that Minnesota has already traded away a top-three protected 2021 first-rounder and isn’t in a great position to be selling off more picks for a 35-year-old on an expiring deal.

Even if the Rockets do intend to move Tucker, there’s no rush to do so right away, as the trade deadline isn’t until March 25. While we wait to see which other teams might be in the mix for the former Texas Longhorn, it’s worth noting that the Nuggets weren’t among the teams to inquire as of Wednesday night, per Mike Singer of The Denver Post (Twitter link).

Rockets Notes: Harden, Wall, Oladipo, Gordon

The tensions that boiled over in Houston this week between James Harden and his teammates have been building for weeks, according to Kevin O’Connor of The Ringer. League sources tell O’Connor that there was animosity between Harden and John Wall from the time Wall was traded to the Rockets in early December. Wall still views himself as a franchise player and he believed Harden was sabotaging the team with his efforts to get traded.

Hard feelings continued to grow as Harden reported late for training camp and the team struggled to a 3-6 start. After a second consecutive blowout loss to the Lakers Tuesday night, Harden declared the Rockets weren’t “good enough” to compete with the league’s top teams, and Wall and DeMarcus Cousins fired back angry responses.

Those two players are the leaders in Houston now, but they both have checkered pasts regarding team chemistry and are coming off major injuries, O’Connor notes. Wall’s future with the Rockets seems secure as he’s under contract for more than $91MM over the next two seasons. However, Cousins – who is playing only 13.4 minutes per night and shooting just 35.6% from the field – is on a veteran’s minimum deal that doesn’t become fully guaranteed until February 27.

There’s more from Houston:

  • Victor Oladipo may not have a long-term future with the team, O’Connor writes in the same story. Sources tell O’Connor that Oladipo, who will be a free agent at the end of the season, would prefer to end up with the Heat. The Rockets can trade their new guard at any time, but he cannot be aggregated with other salaries until March 5, tweets Bobby Marks of ESPN. This year’s trade deadline is March 25.
  • Eric Gordon doesn’t believe Harden intended to insult his teammates with his comments after Tuesday’s game, according to Mark Berman of KRIV in Houston (video link). “For me knowing him personally I don’t think he really meant it as far as to really disrespect the team,” Gordon said. “That’s just from me. He wanted a different situation. He’s kind of shown that and he said it. I don’t think he really meant to disrespect the players.”
  • With Harden’s salary off the books, the Rockets could choose to operate below the cap next season, suggests John Hollinger of The Athletic. He notes that the team can easily get to $20MM under next year’s cap number, and possibly more if Gordon is traded too.

Rockets Waiving Bruno Caboclo

Needing an open roster spot to complete the James Harden trade, the Rockets elected to waive Bruno Caboclo, tweets Shams Charania of The Athletic.

Houston had just 14 players on standard contracts before completing the deal, but is taking back Victor Oladipo, Dante Exum and Rodions Kurucs while only sending out Harden.

Caboclo, 25, saw limited action for the Rockets, appearing in six games and averaging 6.0 minutes per night. He also played eight games for Houston at the end of last season after being acquired from the Grizzlies at the trade deadline.

The Rockets will take a $361K cap hit on Caboclo – whose 2020/21 minimum salary wasn’t fully guaranteed – and are now $5.7MM under the luxury tax, tweets Bobby Marks of ESPN.

Rockets Trade James Harden To Nets

JANUARY 16: The Pacers/Rockets part of the trade is now official and has been folded back into the initial deal, formally making it a four-team trade once again. Details can be found right here.


JANUARY 14: The trade is now official, the Nets announced in a press release.

“Adding an All-NBA player such as James to our roster better positions our team to compete against the league’s best,” Brooklyn general manager Sean Marks said. “James is one of the most prolific scorers and playmakers in our game, and we are thrilled to bring his special talents to Brooklyn.

“While we are excited to welcome James and his family to the Nets, we also want to thank the players who are departing. Caris, Jarrett, Rodions and Taurean were instrumental to the team’s success and have made an enormous impact on our organization. It has been a pleasure watching them grow both as players and as people and they will always be part of our Nets family. We wish each of them and their families all the best in the future.”

In their press release announcing the deal, the Cavs noted that they also acquired the draft rights to 2017 second-round pick Aleksandar Vezenkov from the Nets. Vezenkov has remained overseas since being drafted.

Interestingly, the Nets, Cavs, and Rockets opted to complete this trade as a three-team deal, meaning the trade sending LeVert and a second-round pick to Indiana for Oladipo will be a separate move.

Separating the two trades will allow the Rockets to generate a larger trade exception in this initial deal — that exception will be worth $15,451,216.


JANUARY 13: The Nets will acquire star guard James Harden in a trade with the Rockets, sources tell ESPN’s Adrian Wojnarowski and Ramona Shelburne (Twitter link). Shams Charania of The Athletic confirms (via Twitter) that Harden will head to Brooklyn.

According to Wojnarowski and Shelburne (via Twitter) and Charania (Twitter link), it will be a multi-team trade that also involves the Cavaliers and Pacers, with the Rockets receiving Indiana guard Victor Oladipo in the deal.

The Rockets will acquire Oladipo from the Pacers; Rodions Kurucs, three first-round picks, and four pick swaps from the Nets; and Dante Exum and the Bucks’ unprotected 2022 first-round selection from the Cavs, per ESPN and The Athletic.

Cleveland will receive Jarrett Allen and Taurean Prince from Brooklyn, while the Pacers acquire Caris LeVert.

Charania reports (via Twitter) that the Pacers will also receive a second-round pick in the trade. That second-rounder is a 2023 selection from the Rockets, tweets Wojnarowski.

In addition to Harden, the Nets will receive a 2024 second-round pick from Cleveland, says Wojnarowski (Twitter link). The Cavaliers have traded away the more favorable of their own second-rounder and the Jazz’s second-rounder, so Brooklyn will presumably get the less favorable of those two picks.

This is a massive trade with a ton of moving parts to break down. Let’s start with the Nets’ side of the deal.

Nets’ perspective:

The draft picks the Nets are sending to Houston are their unprotected first-rounders in 2022, 2024, and 2026, according to Wojnarowski, who tweets that the Rockets will have the ability to swap first-round picks with the Nets in 2021, 2023, 2025, and 2027 (without protections, tweets Zach Lowe of ESPN).

That means the Nets won’t control any of their own first-round picks through 2027, making this a massive bet on the star trio of Harden, Kevin Durant, and Kyrie Irving. Irving is currently away from the team on personal leave and is something of a question mark for the time being, but with Durant and Harden leading the offense, the Nets should have more than enough offensive firepower to get by until he returns.

The move, which makes Brooklyn an immediate championship contender, reunites Harden with his former Thunder teammate and fellow former MVP Durant. Harden will also team up once again with ex-Rockets coach Mike D’Antoni, who is now a Nets assistant.

As a result of trading four players for one, the Nets will have three open roster spots to fill, notes ESPN’s Bobby Marks (Twitter link). Minimum-salary signings seem likely, since Brooklyn’s projected luxury tax bill will further increase as a result of taking on Harden’s $41MM+ salary.

However, the team also still has its $5.72MM taxpayer mid-level exception available and will likely be granted a disabled player exception worth about the same amount following Spencer Dinwiddie‘s ACL tear. As such, Brooklyn has the flexibility to sign players to deals worth more than the minimum.

Harden had a 15% trade kicker in his contract, but it will be voided since he’s already making the maximum salary.

While this blockbuster trade is probably a safe bet to work out better than the last time the Nets mortgaged their future by surrendering a series of first-round selections and pick swaps (for Kevin Garnett and Paul Pierce), it’s worth noting that Harden is 31 years old and Durant is 32 — the Nets’ picks for the next couple years figure to fall near the end of the first round, but there’s no guarantee that will still be the case by 2025, 2026, or 2027.

Rockets’ perspective:

The Rockets are clearly betting that some of those draft assets will become valuable, opting for a package heavy on picks rather than pushing to complete a trade with the Sixers for Ben Simmons, as was rumored earlier today. Although Simmons was said to be on the table in talks with Philadelphia, it’s not clear what the rest of that deal might have looked like.

By choosing to trade with the Nets and Pacers, the Rockets landed a two-time All-Star (Oladipo) in addition to four draft picks and four draft swaps. Oladipo will be an unrestricted free agent at season’s end, so there’s no guarantee he’ll be a long-term Rocket. Houston will hold his Bird rights and could re-sign him in the offseason, but acquiring him this early in the season also gives the club the option of extracting further value by flipping him at the March 25 trade deadline.

Today’s trade agreement marks the end of a saga that began in November, when word first broke that Harden had turned down a two-year, $103MM extension offer and had requested a trade out of Houston. The Rockets didn’t move him in the offseason, prompting the superstar guard to express his displeasure by reporting late to training camp.

On Tuesday night, he accelerated his departure by telling reporters after a blowout loss that the Rockets were “just not good enough” and that he didn’t believe the situation could be fixed. Houston decided to keep Harden away from the team until a trade agreement could be reached, and ultimately took less than 24 hours to finalize a deal.

[RELATED: Rockets’ Players, Silas Discuss Harden Situation]

Barring any additional imminent changes, the Rockets will have a fascinating roster in the short term, headlined by a trio of former stars who are coming back from major injuries. Oladipo, who missed a year from 2019-20 with a quad issue, joins John Wall and DeMarcus Cousins, who have looked good this season after long-term injury absences of their own.

With Christian Wood and P.J. Tucker in the frontcourt, Houston should be a competitive team this season, albeit probably not a legit contender. Today’s trade is more about the future. Having previously traded away a handful of their own future first-round picks and given up a pair of pick swaps in 2021 and 2025, the Rockets have replenished their stash of draft picks in recent months, first by trading Robert Covington and Russell Westbrook and now by moving Harden.

Houston, which had one open roster spot entering the day, will have to waive a player to complete the trade. The club will also generate an eight-figure trade exception in the deal.

All three of the players acquired in today’s trade by the Rockets – Oladipo, Kurucs, and Exum – can become free agents at season’s end (Kurucs has a team option for 2021/22).

It also shouldn’t be overlooked that moving Harden for three less expensive players will take the Rockets $3.65MM below the luxury tax line and $9.95MM below their hard cap, per ESPN’s Bobby Marks (Twitter link). Entering the day, Houston was over the tax and only about $1MM from the hard cap — the club should now have added financial and cap flexibility for the rest of the season.

Pacers’ perspective:

Oladipo has been the subject of trade rumors for the last year, since he has at times seemed lukewarm about the idea of remaining in Indiana after his current contract expires in 2021. While the Pacers had insisted they were comfortable hanging onto him and addressing his contract situation when free agency arrived, moving him for LeVert makes sense for the franchise.

While Oladipo is a stronger defender, LeVert is a talented scorer who is two years younger than Oladipo and is on a more favorable contract. LeVert is earning $16.2MM this season and is under contract for two additional years beyond 2020/21, at an affordable rate of $18.1MM per year.

As Eric Pincus of Bleacher Report observes (via Twitter), re-signing Oladipo at the price he was seeking would’ve been a challenge for the Pacers, who are already on the hook for lucrative multiyear contracts for Malcolm Brogdon, Domantas Sabonis, and Myles Turner. Locking in LeVert through 2022/23 should be much more financially manageable for Indiana.

In the short term, the Pacers will also slip under the luxury tax line as a result of swapping Oladipo ($21MM) for LeVert, tweets Marks.

Cavaliers’ perspective:

The Cavs are acquiring Prince and will send out Exum and a future second-round pick, but this trade is mostly about sending out the Bucks’ 2022 first-rounder in exchange for Allen, a promising young center who will be a restricted free agent during the coming offseason.

Cleveland already has a number of veteran options at the four and five, including Andre Drummond, Kevin Love, Larry Nance Jr., and JaVale McGee, so acquiring Allen will create more of a logjam in the short term.

In the long term though, you could make the case that none of the Cavs’ incumbent big men have more upside than Allen, who is averaging a double-double (11.2 PPG, 10.4 RPG) in a part-time role (26.7 MPG) so far this season.

If Allen starts at least five games for the Cavs during the rest of the 2020/21 season, he’ll meet the starter criteria and his qualifying offer in restricted free agency will be worth $7.7MM. He’d have the option of accepting that one-year offer, negotiating a longer-term deal with Cleveland, or signing an offer sheet with another team, which the Cavs could match.

In a pair of corresponding roster moves, the Cavs will waive Thon Maker and will end Yogi Ferrell‘s 10-day contract early, per Chris Fedor of Cleveland.com.

Photos courtesy of USA Today Sports Images.

Nets Notes: Irving, Durant, Fertitta, Shumpert

Now that a new Big Three is together in Brooklyn, Kyrie Irving will likely be asked to sacrifice to make it work, two NBA scouts told Brian Lewis of The New York Post. Today’s trade that reunites James Harden with Kevin Durant gives the Nets three elite offensive players, but they may not fit together smoothly.

“On paper obviously that team wins the East and probably the whole thing,” said Bryan Oringher, a former scout with the Raptors, Hawks and Wizards. “But it all depends if they’re willing to do a Warriors-type thing and all sacrifice. (Harden’s) obviously incredible, but none of them seem super happy without the ball.”

Irving missed a fifth straight game tonight for personal reasons, and his absence could be extended if the NBA decides he has to quarantine when he returns to the team, Lewis adds. Coach Steve Nash refused to address specifics about Irving during a session with the media.

“I haven’t had an opportunity to know any new details about Kyrie’s situation,” Nash said. “So I’ll just rely on the front office to learn more as we go. They’re the ones that are going to do the messaging on that front.”

There’s more from the Atlantic Division:

  • Durant couldn’t talk directly about the Harden deal after tonight’s game because it’s still not official, but he did speak briefly about his previous experience with Harden in Oklahoma City, saying, “It was fun,” Lewis tweets. “I’ve heard that that’s not even finalized yet, so I’ll talk about it another time,” Durant added (Twitter link).
  • Rockets owner Tilman Fertitta wasn’t impressed by the players the Nets were offering, such as Jarrett Allen, Caris LeVert and Spencer Dinwiddie, who is sidelined with a torn ACL, Lewis adds in a separate story. That explains why Allen wound up in Cleveland and LeVert was sent to Indiana, while Houston acquired Victor Oladipo and a parcel of draft picks.
  • Today’s trade leaves the Nets with three open roster spots, and free agent Iman Shumpert could be worth considering, writes Alex Schiffer of The Athletic. Shumpert played 13 games for Brooklyn last season and brought a strong defensive presence to the team. He briefly played alongside Harden in Houston, and was a teammate of Irving and Joe Harris in Cleveland.

Latest On The James Harden Trade

The Rockets were in “deep conversations” with both the Nets and Sixers today regarding a James Harden deal before deciding to accept Brooklyn’s offer, according to Shams Charania of The Athletic (video link). He adds that both teams made “very strong offers,” with Philadelphia willing to give up Ben Simmons and Matisse Thybulle, along with draft compensation.

However, the opportunity to pair Harden with Kevin Durant and Kyrie Irving prompted the Nets to agree to a package loaded with future draft picks. Houston will receive three first-round selections and four pick swaps from Brooklyn over the next seven years (plus a Bucks first-rounder via Cleveland), with all the picks being unprotected. The deal also cost the Nets Caris LeVert, who was subsequently shipped to Indiana, and Jarrett Allen, who went to Cleveland.

The new Big Three in Brooklyn has been brewing for a while, Charania adds. He says Harden, Irving and Durant met in Los Angeles about a month and a half ago and discussed the possibility of teaming up.

There’s more on today’s blockbuster deal:

  • Simmons was “pretty ecstatic” that he wasn’t traded to Houston, tweets Marc J. Spears of The Undefeated. Simmons thinks the Sixers are capable of winning a title, and coach Doc Rivers is a huge believer in Simmons’ talent.
  • Harden knew that trade talks had escalated when he made post-game comments Tuesday night indicating that the situation in Houston couldn’t be fixed, states ESPN’s Adrian Wojnarowski (video link). Woj adds that the uncertainty surrounding Irving contributed to the Nets’ urgency to get a deal done, and the trade was made with an eye on convincing Durant to re-sign after his current contract expires.
  • The Celtics weren’t willing to part with Jaylen Brown to obtain Harden, according to Chris Mannix of Sports Illustrated (video link from NBC Sports Boston). With young stars in Brown and Jayson Tatum, the Celtics are on a different timetable than the Nets, Mannix adds.
  • Because the trade hasn’t been finalized, Nets coach Steve Nash couldn’t comment on it in his pre-game session with reporters, tweets Malika Andrews of ESPN. However, Nash did discuss the challenge of trying to blend multiple star players. “It’s about trying to be greater than the sum of your parts,” he said. “That doesn’t change, no matter what your team looks like.”
  • Handing out grades on the deal, Kevin Pelton of ESPN gives the Nets a D, noting that Brooklyn paid a steep price to get Harden and will regress defensively with the loss of Allen. Pelton gives the Rockets an A-minus for finding their way out of a difficult situation and loading up on draft picks, while the Pacers get a B-plus. The Cavaliers get a C, with Pelton questioning the cost (a first-round pick and future salary) for Allen, who will require a significant raise later this year.

Teams Asking Rockets About P.J. Tucker

With the James Harden situation resolved, multiple teams are contacting the Rockets about P.J. Tucker, tweets Kelly Iko of The Athletic.

The 35-year-old forward was unhappy about not receiving an extension from the team before the season began. He is making $7,969,537 in the final season of his contract.

The Sixers reportedly wanted to pick up Tucker as part of a Harden trade, but they may not have the same interest level now that Harden is headed to Brooklyn. Daryl Morey, president of basketball operations in Philadelphia, brought Tucker to Houston as a free agent in 2017 when he was general manager of the Rockets.

Tucker is in his 10th NBA season and his fourth in Houston. He is averaging 5.6 PPG this year and is shooting 52% from 3-point range.