Rockets Rumors

23 Trade Exceptions Generated In Deadline Deals

As we explain in our glossary entry on the NBA’s trade rules, teams that complete a “non-simultaneous” deal can create what’s called a traded player exception. These are salary cap exceptions a team can use anytime during the following calendar year to acquire one or more players whose salaries are no greater than the amount of that exception (plus $100K).

A number of the traded player exceptions created at the 2019 trade deadline expired this week without being used, but nearly two dozen new TPEs were generated as a result of the trades completed at this year’s deadline. They’ll expire next February, so they could be used during the offseason or sometime next season.

The full list of traded player exceptions created this week is below, sorted by amount. The player whose departure helped generate the TPE is noted in parentheses. The full list of available trade exceptions can be found right here.

In addition to the traded player exceptions from the deals completed on February 6, this list includes the exceptions created on February 5 in the four-team trade involving the Hawks, Timberwolves, Rockets, and Nuggets.

It doesn’t include trade exceptions generated in deals earlier this season, such as the $7,069,662 TPE the Trail Blazers got when they sent Kent Bazemore to Sacramento in a five-player trade. Again, the full list of current TPEs can be found here.

If you have any questions or corrections, please let me know in the comment section below.

Salary information from Basketball Insiders and Early Bird Rights was used in the creation of this post.

NBA Teams With Open Roster Spots After Trade Deadline

The 2020 NBA trade deadline has come and gone, so teams that had been holding open roster spots in case they needed them before a last-minute deal can now fill those openings, if they so choose. The Nets did exactly that today — after holding their 15th roster spot open through the deadline, they signed Timothe Luwawu-Cabarrot to a multiyear contract today to fill it.

While Brooklyn no longer has an open roster spot, a number of teams around the league still do. Here’s a quick breakdown of which clubs fit that bill and what their roster situations are, with their roster openings noted in parentheses:

  • Golden State Warriors (3): The Warriors initially had six roster openings, but signed Juan Toscano-Anderson and promoted Ky Bowman and Marquese Chriss to fill three of them. Zach Norvell and Jeremy Pargo are expected to sign 10-day deals, allowing Golden State to get to the league-mandated minimum of 14. The Dubs will probably keep their 15th slot open as they attempt to stay below the tax line.
  • Cleveland Cavaliers (2): Alfonzo McKinnie agreed to a long-term contract with the Cavaliers and will fill one of their two open spots once his deal becomes official. However, the team could re-open that second slot this weekend when Marques Bolden‘s 10-day contract expires.
  • Houston Rockets (2): The Rockets figure to keep a close eye on the buyout market as they look to reinforce their depth. They’ll have up to two weeks to get back to at least 14 players.
  • Atlanta Hawks (1): The Hawks opened a roster spot by trading Jabari Parker and Alex Len to Sacramento for Dewayne Dedmon. They’re not anywhere near the tax, so I’d expect them to fill that opening soon with a young player, either on a 10-day deal or a rest-of-season contract.
  • Los Angeles Clippers (1): The Clippers opened up one roster spot by trading Derrick Walton. They’re expected to open up a second by waiving Isaiah Thomas, a move that isn’t yet official. Like Houston, the Clips figure to scour the buyout market in an effort to fill its roster. Darren Collison is also an option if he decides to make a comeback.
  • Oklahoma City Thunder (1): The Thunder stood pat at the deadline and seem unlikely to fill that final roster spot anytime soon, since a 15th man would increase their projected tax bill.
  • Portland Trail Blazers (1): The same goes for the Trail Blazers, who remain in the tax even after moving Skal Labissiere for nothing at the deadline.
  • Denver Nuggets / Memphis Grizzlies / Orlando Magic (0): The Nuggets, Grizzlies, and Magic don’t currently have roster openings, but likely will soon. Denver is expected to waive Gerald Green, Memphis reportedly doesn’t intend to keep Dion Waiters, and Gary Clark‘s 10-day contract with Orlando will expire tonight.

Note: These roster counts are up to date as of the time of publication. This list is just a snapshot and won’t be updated to reflect subsequent moves, but our roster counts page will be.

Daryl Morey Talks Covington, Tax, Buyout Market, Playoffs

Rockets general manager Daryl Morey faced criticism in some circles this week for his decision to move center Clint Capela in a deal for Robert Covington, creating an extra-small lineup that has head coach Mike D’Antoni playing Covington and P.J. Tucker as his de facto “bigs.” While there’s skepticism that Houston can seriously contend for a title playing that form of small-ball, the experiment is off to a good start, with a road win over the Lakers in Covington’s first game on Thursday.

Speaking to Mark Medina of USA Today about the Rockets’ new-look roster and the club’s approach to the deadline, Morey said that Covington is a player Houston had been “trying to get for a long time.” He also shared a few more interesting insights on that deal and expectations for the Rockets as the postseason nears.

The interview is worth checking out in full, but here are some of the highlights from Morey:

On why the Rockets made a major trade after Morey previously suggested they likely wouldn’t:

“It was really just Covington becoming available. We’ve been working on that for a long time. We thought he’d be a perfect piece to play the style we thought would be best for two superstars on our roster. Clint is an extremely good player and one we did not want to give up. But it was required in this deal. Without the perfect piece for how we wanted to play becoming available, Clint would still be here. That was really the only way to get this done.”

On whether Rockets ownership prioritized getting out of the luxury tax:

“No. Actually, I’m being totally up front. I was getting strong encouragement to go the other way.

“… Ownership incorrectly gets beat up. We operate like every other team in the NBA. When you’re a contender, you’re right around the luxury tax line. That’s how we’ve always operated. That’s how we’ve operated since I’ve been here since 2006. We still have a huge payroll in the league. I know people like to focus on it. But that’s a weird thing. Focus on the team on the floor. If people don’t like that we don’t have a big man or don’t like how we play, that’s fine. But judge us for how we are.”

On how the Rockets will approach the buyout market:

“Honestly, we’re just going for best player. We like how we’re playing. People are saying, ‘You have to get a big this or a big that.’ But we’re going for the best player. If that’s a big, we’ll go grab it and figure out if he can fit into our style. If it’s a wing, we’ll do that. We feel very comfortable with our roster. We like where we’re at. We think this is a team that can win the championship. But if we can add a good player in the buyout market, we’ll do it. But we’re not counting on the buyout market.”

On expectations for the Rockets in this year’s playoffs:

“The Lakers deserve to be called the favorites (to come out of the West). They play better than anyone to this point. They’re playing unbelievable basketball at both ends. So they’re the favorite. We’re in a group with the Clippers, Utah and Denver and the other top contenders in the West to fight with them. But we feel very comfortable we can beat the Lakers.”

Rockets, Grizzlies Swap Jordan Bell, Bruno Caboclo

7:18pm: The trade is official, the Grizzlies and Rockets announced in a pair of press releases.

12:22pm: The Rockets have agreed to trade newly-acquired center Jordan Bell to the Grizzlies in exchange for Bruno Caboclo, tweets ESPN’s Adrian Wojnarowski.

The Grizzlies will receive a potential second-round pick swap as well, with Memphis having the choice to trade the least favorable of the Mavericks’ and Heat’s 2023 selections for Houston’s 2023 second-rounder as long as the Rockets’ pick isn’t No. 31 or 32, a source tells Wojnarowski (Twitter link).

Bell, 25, came to Houston in the four-team trade that was completed last night. He appeared in 27 games for the Timberwolves this season, averaging 3.1 points and 2.9 rebounds per night.

Caboclo, 24, was in his second season in Memphis, averaging 2.8 PPG and 2.0 RPG in 22 games. He was in training camp with Houston in 2018, but was waived before the start of the season.

The Rockets have been targeted Caboclo for a while and believed they had a good chance to acquire him on the day Gary Clark was waived last month, according to Jonathan Feigen of The Houston Chronicle (Twitter link).

Both teams will generate trade exceptions for their outgoing players and add their incoming players under the minimum exception, tweets Jeff Siegel of Early Bird Rights. Bell is making $1,620,564 this season, while Caboclo earns $1,845,301.

Rockets Inquire About Thompson, Wood

 The Rockets explored the possibility of acquiring Cavaliers center Tristan Thompson but couldn’t come up with a suitable trade package to match up salaries, Chris B. Haynes of Yahoo Sports tweets.
Houston is seeking another rotation player, regardless of position, and has had talks with the Pistons regarding young big Christian Wood, according to Jonathan Feigen of the Houston Chronicle (Twitter links).
The Rockets dealt away their top frontcourt player, Clint Capela, in a complex four-way trade that sent forward Robert Covington to Houston.
They have gone with smaller lineups in recent games but their interest in Thompson and Wood suggests they are looking to play a more conventional style if they can land another power forward or center. Thompson has an expiring $18.5MM contract and Wood will also be an unrestricted free agent after the season. He has blossomed this season in Detroit after being plucked off waivers last summer.

Latest On The Andre Iguodala Trade

Negotiations are continuing in an effort to make the deal sending Andre Iguodala to Miami a three-way trade that would also enable the Heat to acquire Thunder forward Danilo Gallinari, tweets ESPN’s Adrian Wojnarowski.

One way the Heat could facilitate trade talks is to remove protections on a lottery-protected 2023 first-round draft pick they owe to Oklahoma City, sources tell Wojnarowski (Twitter link). That would free up Miami to unconditionally trade its 2025 first-rounder, explains Anthony Chiang of The Miami Herald (Twitter link).

Because of hard-cap restrictions, Miami will need to send out at least $39.8MM in salary to fit Iguodala ($17.2MM) and Gallinari ($22.6MM) on its roster, according to Barry Jackson of The Miami Herald (Twitter link). He notes that Justise Winslow, who is already believed to be part of the deal, Dion Waiters and James Johnson add up to $40.4MM.

Johnson’s representatives tell Jackson that they are expecting their client to be included in the transaction, but several other teams have expressed interest as well (Twitter link). Jackson identifies the Bucks, Rockets and Timberwolves as teams that have inquired about the veteran forward.

Meanwhile, the Grizzlies held Jae Crowder and Solomon Hill out of Wednesday’s game in Dallas, and Dillon Brooks spoke after the game as if they were being traded, though that hasn’t been confirmed (video link via ESPN’s Tim MacMahon). Moving Crowder and Hill along with Iguodala would allow Memphis to take back up to $47MM+ in salary, if necessary.

In an interview with Marc J. Spears of the Undefeated, Iguodala said he plans to join the Heat and take his physical in Sacramento on Friday. He’s excited to be coming to Miami, but after not playing since June he isn’t sure when he’ll be ready to be activated (Twitter link).

Jimmy Butler is very well respected in terms of passion and hard work he brings to the game,” Iguodala said. “His temperament and values he has really resonates with the Heat. They’re very well aligned. He’s brought out the most in those young guys. Those are some of the guys I’m really excited about. I feel I can make the most impact with those guys. I’m a big fan of Bam [Adebayo]. … Really looking forward to playing with him. … Been hearing about him last couple of years. Help him get better. Really excited about that opportunity.”

Wolves, Hawks, Rockets, Nuggets Complete Four-Team Trade

FEBRUARY 5: The trade is now official, with Twitter announcements from the RocketsTimberwolves and Nuggets confirming the deal. Atlanta also formally waived Chandler Parsons to accommodate the trade, as detailed earlier.

FEBRUARY 4: The Timberwolves, Hawks, Rockets, and Nuggets are in agreement on a massive four-team trade, according to ESPN’s Adrian Wojnarowski (Twitter link). Shams Charania of The Athletic first reported (via Twitter) that the four clubs were close to reaching a deal, while Woj says (via Twitter) the players involved are now being informed.

According to Wojnarowski (Twitter link), Charania (Twitter links), Jon Krawczynski of The Athletic (Twitter link), and Jonathan Feigen of The Houston Chronicle (Twitter link), the trade looks like this:

There have been rumors for the last several days suggesting that a trade like this one could be in play. An earlier variation had the Warriors in Denver’s place, with the Wolves pursuing D’Angelo Russell, but Golden State backed off those talks earlier on Tuesday, leaving Minnesota, Houston, and Atlanta to work out a new agreement.

Let’s break down how the deal will impact each team…

Houston Rockets:

Daryl Morey‘s group has long been on the lookout for an upgrade on the wing, and they’ll get their man in Covington, a three-and-D specialist who is on a team-friendly contract that’s worth $11.3MM this season and runs through 2021/22.

The Rockets gave up two valuable assets in Capela and their 2020 first-round pick to bring in Covington, Bell, and a second-round pick. By moving Nene and Green in the deal, the team will also move well below the luxury-tax line, which would be a favorable outcome for ownership — while Tilman Fertitta has claimed to have signed off on the club being a taxpayer, it looks like this could be the second straight season that the Rockets sneak out of the tax at the deadline.

On the other hand, as Wojnarowski points out (via Twitter), the structure of the deal would allow Houston to take back up to another $12MM in salary. So until the trade is made official, there’s a window for the Rockets to potentially expand it even further to include another team and player, assuming they find a suitable target, agree on compensation, and are willing to go back into the tax. That won’t be easy, however.

While Bell could play some minutes at the five, the Rockets will remain on the lookout for a more reliable replacement for Capela, either via a trade or on the buyout market, tweets Jonathan Feigen of The Houston Chronicle. Houston’s go-to lineup will feature P.J. Tucker at center, but the team still wants a more traditional big to match up with star bigs in the playoffs, notes Tim MacMahon of ESPN (via Twitter).

MacMahon also adds (via Twitter) that Green, who is likely out for the season with a broken foot, had the ability to veto his inclusion in this trade, but won’t do so.

The move will reduce the Rockets’ roster count to 13 players on standard contracts, so the team will have two weeks to get back up to the NBA’s required minimum of 14 players.

Denver Nuggets:

The Nuggets were said to be seeking a first-round pick for Beasley and a second-round pick for Hernangomez, their two restricted-free-agents-to-be. They won’t quite meet that asking price, but they’ll at least get the first-rounder they were looking for, acquiring Houston’s 2020 pick in the deal.

In addition to sending out Beasley and Hernangomez, Denver also moved Vanderbilt and will bring back four players: Green, Bates-Diop, Napier, and Vonleh. The team had an open spot on its 15-man roster, so no one will have to be waived, though MacMahon reports (via Twitter) that Green is expected to be cut after the trade is official, once again opening up that last roster spot.

As ESPN’s Adrian Wojnarowski observes (via Twitter), Napier and Vonleh are capable of playing rotation minutes and providing depth off the bench for the Nuggets. Bates-Diop will probably be further down on the depth chart. Napier and Vonleh will be unrestricted free agents at season’s end, while KBD has a non-guaranteed minimum salary for 2020/21.

Having previously traded away their own 2020 first-round selection for Jerami Grant, the Nuggets can get back into this year’s draft with Houston’s first-rounder. Of course, with Wojnarowski suggesting Denver will continue to be active before Thursday’s deadline, that pick could theoretically be flipped in another move.

Atlanta Hawks:

The Hawks have been linked to several centers over the course of the season, reportedly expressing interest in Andre Drummond, Steven Adams, and Dewayne Dedmon, among others. In recent days, the club appeared to be zeroing in on Capela, a big man whose rim-running ability will complement Trae Young on offense and whose rim-protecting ability could help bail out Young on defense.

Atlanta will surrender Turner’s expiring contract, Brooklyn’s lottery-protected 2020 first-round pick, and an extra future second-round pick in order to lock up Capela. The move will give the Hawks some cost certainty in the middle — Capela, who has a $14.9MM cap hit in 2019/20, has three more years and about $51.3MM left on his contract after this season. He won’t be eligible for free agency until the summer of 2023.

Acquiring a center now rather than waiting until the summer and trying to land one in free agency will give the Hawks the opportunity to evaluate how Capela looks next to big man John Collins. A heel injury is currently nagging Capela, but it’s not believed to be an issue that jeopardizes the rest of his season.

A 2017 first-round pick, Collins will be eligible for a rookie scale extension during the 2020 offseason. If he meshes with Capela down the stretch, Atlanta would likely be more willing to invest heavily long-term in Collins, who is expected to seek the max or something close to it.

As ESPN’s Bobby Marks tweets, the Hawks are currently carrying 15 players, so they’ll have to waive or trade someone in order to take back both Capela and Nene for Turner, even if they intend to eventually release Nene.

Minnesota Timberwolves:

Although the Timberwolves probably would have preferred to get the Warriors involved in this deal to acquire Russell, they’ll get a handful of intriguing assets in exchange for Covington and several low-cost role players (Bell, Bates-Diop, Napier, and Vonleh).

Beasley and Hernangomez will both be eligible for restricted free agency this summer, which will give the Wolves the chance to match any offer sheet they sign. Neither player had been great this season in Denver, as a crowded depth chart pushed them out of the rotation at times, but they both had solid seasons in 2018/19.

Beasley averaged 11.3 PPG with a .474/.402/.848 shooting line in 81 games (23.2 MPG) a year ago, while Hernangomez averaged 5.8 PPG and 3.8 RPG on .439/.365/.767 shooting in 70 games (19.4 MPG). The Nuggets explored contract extensions last fall with both players, reportedly offering Beasley $30MM over three years, but they didn’t reach a deal with either one. Now the Wolves will have the opportunity to evaluate them during the season’s final two months and decide whether they’re part of the franchise’s long-term plans.

In addition to acquiring those two Denver players – and a little-used project in Vanderbilt – the Timberwolves take on Turner’s $18.6MM expiring contract, generating some extra cap flexibility for the 2020 offseason by moving off Covington’s guaranteed money. They also secured Brooklyn’s lottery-protected 2020 first-round pick, which could end up at No. 15 or 16 if the Nets hang onto a playoff spot this spring.

This move doesn’t necessarily affect the Wolves’ plans to revisit a Russell trade with the Warriors, though like Allen Crabbe, Turner can’t be aggregated with another player in a deadline deal to match D-Lo’s salary. That Brooklyn first-round pick figures to be one of the assets Minnesota dangles in any offer for Russell.

Like Houston, Minnesota will have two openings on its 15-man roster once this trade is finalized, and will have up to two weeks to get back up to 14 players, the league’s required minimum.

Photos courtesy of USA Today Sports Images.

Clippers, Lakers Pursuing Marcus Morris

Reports earlier today suggested that the Knicks are expected to move Marcus Morris before Thursday’s trade deadline — it’s just a matter of where.

Los Angeles is one potential landing spot for Morris, according to ESPN’s Adrian Wojnarowski (Twitter link via Tomer Azarly of ClutchPoints), who said today that the Clippers and Lakers are competing for the veteran forward. As Woj pointed out, if either L.A. team lands Morris, it would have the added bonus of keeping him away from a top rival.

Brad Turner of The Los Angeles Times provides some additional info on those talks, tweeting that the Knicks are interested in Kyle Kuzma in talks with the Lakers and Landry Shamet in talks with the Clippers. Kuzma is the more attainable player of the two — the Clips are unwilling to part with Shamet, tweets Ian Begley of SNY.tv.

While the Clippers have a logical salary-matching piece in Maurice Harkless, the Lakers’ path to absorbing Morris’ $15MM salary is less straightforward. A three- or four-player package of lower-cost guys could work, but Turner suggests in his tweet that the teams may be discussing Danny Green. The Knicks would want to flip Green to another team, according to Turner. For what it’s worth, I’d be pretty surprised if the Lakers are willing to move both Kuzma and Green for Morris alone.

Meanwhile, Marcus Morris may be the more sought-after twin, but his brother Markieff Morris is also drawing interest from contenders, including the Lakers and Clippers, reports Kevin O’Connor of The Ringer (via Twitter).

O’Connor (Twitter link) names the Bucks, Sixers, Celtics, and Rockets as other clubs that have interest in Markieff. The Pistons’ forward hasn’t had the type of season his brother has, but wouldn’t cost as much in terms of a trade package and has a modest $3.2MM cap hit.

Amick’s Latest: Rockets, Len, D-Lo, Bogdanovic, Pistons

The Rockets remain on the lookout for a center who can help the team fill the hole that will be created when Clint Capela is officially sent to Atlanta, writes Sam Amick of The Athletic. According to Kelly Iko of The Athletic (via Twitter), Houston is moving closer to a deal for a center and is in talks with a pair of Eastern Conference teams.

Both Amick and Iko indicate the Rockets have shown a willingness to take on some “bad” salary if it helps them acquire an asset or two.

Once the four-team trade involving Capela is officially complete, Houston will have limited flexibility to acquire a center or absorb an unwanted contract. However, until that point, the Rockets could try to fold a separate trade into that four-team deal, which would allow them to take back up to $12MM+ in additional salary (up to $5.8MM before reaching the tax line).

Alex Len is one potential fit for the Rockets, according to John Hollinger of The Athletic, who suggests that the Hawks would want at least a second-round pick for Len. Since Atlanta is already part of the Rockets’ four-team trade, this could be simpler than bringing a fifth club. But I wonder if the Hawks would want to get back the 2024 second-rounder they’re sending to the Rockets in addition to acquiring a separate second-rounder for Len.

Here’s more from Amick and Hollinger:

  • A source confirmed to Amick that the Knicks continue to pursue D’Angelo Russell, but said none of New York’s offers have been “even remotely appealing” to the Warriors.
  • Kings swingman Bogdan Bogdanovic is generating “serious” interest, but a source says the Kings are still happy to keep Bogdanovic and attempt to re-sign him in free agency, according to Amick. As of this afternoon, Sacramento wasn’t discussing a Kyle Kuzma deal with the Lakers, but many teams around the NBA have registered interest in Bogdanovic, including the Sixers and Hornets, Amick notes.
  • The Pistons are “open for business” and willing to discuss just about anyone, per Amick and Hollinger. However, a source with knowledge of the situation downplayed the idea that Derrick Rose will be moved before the deadline.
  • The Magic are unlikely to do anything too significant, but remain in the market for “good, young perimeter help,” says Hollinger.

Notes On Nuggets/Wolves/Rockets/Hawks Trade

Within the past month, both Malik Beasley and Juan Hernangomez approached Nuggets management about the possibility of being traded, a league source tells Mike Singer of The Denver Post. Beasley and Hernangomez were key parts of Denver’s rotation in 2018/19 but had less consistent roles this season in large part due to Jerami Grant‘s arrival and Michael Porter Jr.‘s emergence.

Both players sought more consistent playing time and will now get the chance to earn an increase in minutes in Minnesota. Beasley and Hernangomez, both of whom are eligible for restricted free agency at season’s end, could even become long-term building blocks for the Timberwolves if they finish the 2019/20 season strong.

Here are a few more notes and leftover items on the 12-player, four-team trade that also involved Atlanta and Houston:

  • Beasley was a popular trade target leading up to the deadline — a league source tells Singer that at least 10 or 12 teams had inquired on the fourth-year shooting guard in talks with the Nuggets.
  • Although there has been speculation that the Nuggets intend to use the first-round pick they’re acquiring from Houston as part of a potential package for Jrue Holiday, that wasn’t the team’s plan when it made the deal, Singer writes in a separate Denver Post article. The general belief is that the Pelicans will hang onto Holiday through the deadline anyway.
  • The trade helps clarify a crowded rotation in Denver and gives the Nuggets some options for subsequent moves, says Nick Kosmider of The Athletic.
  • Daryl Morey and the Rockets are going all-in on their small-ball philosophy by essentially swapping Clint Capela for Robert Covington, writes Jeff Zillgitt of USA Today. The deal shows just how unconventional Houston is willing to get, according to Kelly Iko of The Athletic, who explores the reasons why the team was okay with moving on from Capela.
  • Meanwhile, Chris Kirschner of The Athletic examines what Capela will bring to the Hawks and what the move means for the franchise’s present and future. As Kirschner points out, Atlanta wasn’t willing to give up a first-round pick for Andre Drummond, but did so for Capela, who is locked in for several years at a reasonable price. Capela should fit in with the Hawks’ up-tempo offense and help anchor their defense, Kirschner adds.
  • Count Trae Young among those excited by the Hawks‘ acquisition of Capela. Getting Clint, it’s big-time,” Young said, per Sarah K. Spencer of The Atlanta Journal-Constitution (Twitter links). “I already shot him a text and talked to him. I’m excited about getting him. … There’s been times late in games where we just couldn’t get a stop. All we needed was one stop. Having him makes our defense that much better.” Young’s enthusiasm is a good sign for the Hawks, since there were rumblings earlier this season that the second-year star wanted the team to make a move.