Houston Rockets Rumors | Hoops Rumors

Beyoncé Interested In Buying Stake In Rockets?

August 1st, 2017 at 2:03pm CST by Luke Adams

Pop star Beyoncé Knowles-Carter is mulling the possibility of investing in the Rockets, reports Scott Soshnick of Bloomberg. The club announced just over two weeks ago that team owner Leslie Alexander was putting the franchise up for sale.

Beyoncé is a Houston native, making her connection to the Rockets a logical one. If she were to invest in the franchise, she wouldn’t be the first person in her family to have owned a portion of an NBA team. Her husband Jay-Z previously had a small stake in the Nets before selling his share of the team in order to launch his Roc Nation agency. Elsewhere in the NBA, Justin Timberlake owns a piece of his hometown Grizzlies.

As Sochnick details, Forbes placed Beyoncé second on its 2017 list of highest-paid celebrities and estimated her net worth at $350MM. While that’s a significant sum, it will fall well short of the Rockets’ eventual sale price, which should easily exceed $1 billion and could approach $2 billion. As such, if Beyoncé were to get involved in a bid for the team, it would have to be as a minority investor.

The Rockets have generated “a bevy of global interest” among potential buyers since Alexander made his decision to sell the team, per Soshnick. While a handful of would-be investors have expressed public interest in buying the franchise, it doesn’t appear there’s a frontrunner yet.

Checking In On Unsigned 2017 Draft Picks

July 31st, 2017 at 2:00pm CST by Luke Adams

One month into the 2017/18 NBA league year, most of this year’s draftees know where they’ll be playing for the upcoming season. As our tracker for draft pick signings shows, we’re only waiting for resolution on a small group of players.

Twenty-nine of 30 first-round picks have signed their first NBA contracts, and the 30th – Sixers big man Anzejs Pasecniks – will remain overseas for at least one more year. Meanwhile, in the second round, about half of this year’s picks have signed NBA contracts, a handful of others have agreed to two-way deals, and some will continue to play international ball.

There’s no rush at this point for teams to finalize plans for the last few unsigned draft picks from this year’s class, but it’s still worth checking in to see where things stand for those players. Here are the 2017 draftees whose statuses for ’17/18 appear to be up in the air:

Ivan Rabb (Memphis Grizzlies, No. 35): The Grizzlies signed 45th overall pick Dillon Brooks, but have yet to lock up Rabb, who now finds himself in an interesting spot. Memphis already has 15 players on guaranteed contracts for 2017/18, and that total doesn’t even include RFA JaMychal Green, who seems likely to return. Even though there’s no current opening for Rabb, he was probably too high a draft pick to accept a two-way contract, so perhaps the Grizzlies ultimately intend to trade or waive a player (or two) to make room. Otherwise, it’s not clear what the plan is for Rabb.
Isaiah Hartenstein (Houston Rockets, No. 43): International basketball reporter David Pick provided an update on Hartenstein today, tweeting that Houston will likely have him start with the Rio Grande Valley Vipers in the G League. So far, no player drafted earlier than No. 51 has signed a two-way contract, and typically only players selected at the very end of the draft accept straight G League contracts. If Hartenstein is willing to go to the G League, it would be a great value move for the Rockets.
Nigel Williams-Goss (Utah Jazz, No. 55): Two weeks ago, we heard that Williams-Goss was a candidate for Utah’s second two-way contract opening. The Jazz haven’t made a move to fill that slot since then, so I’d expect Williams-Goss remains the leading candidate.
Jabari Bird (Boston Celtics, No. 56): Like Williams-Goss in Utah, Bird appears to be the top candidate for the final two-way contract opening in Boston. Such a move would make a lot of sense. There isn’t enough room on the Celtics’ regular-season roster for Bird, and the four players selected with the picks from 51 through 54 in this year’s draft all got two-way deals — it’s logical that the 55th and 56th picks would too.

Rockets Deal Would Benefit Carmelo Anthony Financially

July 30th, 2017 at 7:56pm CST by Austin Kent

Although he isn’t a free agent, Carmelo Anthony holds his fate in his own hands. Moke Hamilton of Basketball Insiders writes about how it’s in his best interests, financially, to end up with the Rockets sooner than later.

Rockets Waive Jarrod Uthoff

July 30th, 2017 at 6:40pm CST by Austin Kent

The Rockets have waived forward Jarrod Uthoff, Ben DuBose of Locked On Rockets tweets. The club had previously acquired Uthoff from the Mavs amid a flurry of deals on June 29 prior to trading for Chris Paul.

Eric Pincus of Basketball Insiders has since corroborated the report.

Uthoff saw action in just nine games for the Mavs last season, averaging 4.4 points per game in just 12.8 minutes. A $200K portion of the undrafted big man’s would-be $1.3MM deal was scheduled to become guaranteed had he remained on the roster through today.

[RELATED: View our Salary Guarantee List for the Summer of 2017]

After making his NBA debut with the Mavs on a 10-day deal in March, Uthoff signed a second 10-day pact and eventually a multi-year deal with the squad. The big man, however, spent considerable time in the G League with both Dallas’ Texas Legends affiliate and other clubs.

Southwest Notes: Davis, Irving, Melo, Mavericks

July 28th, 2017 at 5:50pm CST by marksuleymanov

The Pelicans will enter the 2017/18 season with a rising superstar in Anthony Davis, prized acquisition DeMarcus Cousins, long-term investment Jrue Holiday, veteran Rajon Rondo and others ready to compete. Davis, in particular, is focused on turning the franchise’s fortunes around and proclaimed the team is “tired of losing,” per the Associated Press.

Davis, still just 24 years old, wants to lead New Orleans out of the Western Conference cellar into the playoff picture, which could prove difficult if the rest of the conference plays to its potential. However, Davis explained that the team is making efforts to improve and the talented roster must perform.

“We’re doing everything, whether it’s signing players, trading players … whatever it is to just try to make sure that we try to be a winning organization,” Davis said. “We have the tools right now to be successful. … Right now, I think we look good on paper. So we’ve just got to figure it out.”

Below are additional notes around the Southwest Division:

As the Carmelo Anthony-to-the-Rockets rumors persist, Sean Deveney of the Sporting News examined Anthony’s play on Team USA during the Olympics. While Anthony is often viewed a “selfish” player focused on scoring, Deveney writes that his Olympic exploits show he’s a versatile player who can be effective as a number two or three option. If Anthony does end up in Houston, alongside James Harden and Chris Paul, that side of Anthony could prove to be effective.
Newy Scruggs of Dallas Sports Day answered several fan questions, one of which involved Cavaliers star Kyrie Irving. Scruggs believes Irving is not ideal for the Mavericks, given the presence of Dennis Smith Jr. and Irving’s reported desire to be a No. 1 option.
While 2017/18 may be Dirk Nowitzki‘s final season, Kevin Sherrington of Dallas Sports Day believes that “tanking” may not be the right word for the Mavericks‘ approach to the year. Sherrington writes that tanking is the fault of an organizational mindset and not the players; the team can be competitive with its current core, he adds.

Free Agency Notes: Novak, Motiejunas, Vesely

July 28th, 2017 at 3:30pm CST by Luke Adams

Veteran sharpshooter Steve Novak, who has spent the last two years with the Thunder and Bucks, has only played 66 total minutes since the start of the 2015/16 season, but he’s not ready to call it a career quite yet. Agent Mark Bartelstein tells Gery Woelfel of The Racine Journal Times that Novak wants to play another season. Bartelstein added that he’s spoken to multiple teams about Novak, but he didn’t get any more specific than that.

Here are a few more notes related to NBA free agents and free agency:

A year after his restricted free agency became one of the NBA’s most bizarre offseason storylines, Donatas Motiejunas may be on the verge of heading overseas to continue his career. Stavros Barbarousis of Eurohoops suggests that China appears to be the most likely landing spot for Motiejunas, though the big man has received interest from European clubs, including Zalgiris Kaunas in his home country of Lithuania.
Former sixth overall pick Jan Vesely reportedly drew some NBA interest this offseason, and his contract gave him the opportunity to explore NBA opportunities. However, Vesely – who has played internationally since 2014 – won’t be returning stateside. His agent has confirmed that Vesely will remain in Turkey, having opted into his deal with Fenerbahce (Twitter link).
Jeremias Engelmann of ESPN.com (Insider link) makes his picks for the six best free agent deals of the summer, identifying multiple Warriors (Zaza Pachulia, David West) and Rockets (Nene, Luc Mbah a Moute) as some of the most team-friendly signings of the offseason.

Mikhail Prokhorov May Consider Selling Nets

July 26th, 2017 at 10:00pm CST by Arthur Hill

Nets owner Mikhail Prokhorov has “warmed recently to the possibility” of selling controlling interest in the team, according to Josh Kosman and Brian Lewis of The New York Post.

Prokhorov’s original plan was to sell a minority stake in the franchise — up to 49% — while remaining the majority owner. However, the tepid response to that offer, combined with the potential sale price of the Houston Rockets that may go as high as $2 billion, has Prokhorov rethinking his decision.

Sources tell the authors that Nets officials believe some of the prospective buyers of the Rockets may be interested in Brooklyn if a majority share becomes available.

The two teams are among the most popular NBA franchises in China, given Houston’s connection to Yao Ming and the Nets having Jeremy Lin in their backcourt. Mike Zavodsky, the Nets’ executive VP of global partnerships, is touring China this week and has 20 meetings arranged with potential buyers.

“Our brand in China is growing, in merchandise sales and commercially,” said Brett Yormark, CEO of the Nets and Barclays Center.

The team lost roughly $150MM three years ago, but its finances have improved dramatically since then, with much of the windfall coming through a deal with the YES Network that pays the Nets $50MM a year. Reducing salary has also played a role as the team may turn a profit for the first time since coming to Brooklyn in 2012.

The NBA Finance Committee recently approved Prokhorov’s plan to split corporate ownership of the team and Barclays Center.

Trade Between Cavs, Knicks Appears Increasingly Unlikely

July 26th, 2017 at 1:31pm CST by Luke Adams

The Cavaliers have been mentioned all offseason as a possible landing spot for Carmelo Anthony, and within the last few days, the Knicks were named among Kyrie Irving‘s preferred destinations. However, a trade between the Cavs and Knicks increasingly appears to be a long shot, according to reports.

As Ian Begley of ESPN writes, Anthony’s top choice continues to be the Rockets, and the star forward still expects the Knicks to find a way to get him at Houston. It’s possible Carmelo’s stance will change at some point, but he wields a no-trade clause and appears intent on waiving it for the Rockets rather than the Cavs, particularly if he wouldn’t have the opportunity to play with Irving in Cleveland.

According to Begley, the Knicks have no interest in including Kristaps Porzingis in any trade for Irving, so they’d likely need to include Anthony in a hypothetical Irving deal with the Cavs. Not having Carmelo’s approval is, of course, a major roadblock. But even with his go-ahead, it’s not clear if the two teams would be able to reach an agreement.

Begley suggests that some members of the Knicks’ front office would be willing to trade Anthony and multiple first-round picks for Irving, but the organization is not in full agreement on the idea of giving up multiple first-rounders in any trade.

Conversely, Sam Amico of AmicoHoops hears that the Cavs would be unwilling to move Irving for only Anthony and draft picks. Sources tell Amico that the Cavs may be removing themselves from the Carmelo sweepstakes in the wake of Irving’s trade request, since their trade objectives – and possibilities – have changed.

Even if the Knicks aren’t a viable trade partner for the Cavaliers, Cleveland should have no shortage of options for an Irving deal. Amico reports that at least seven teams have made “serious inquiries” on Irving, and Cleveland is making every effort to grant the point guard’s trade request. However, the Cavs are also in no rush to get something done, as they attempt to sniff out the best possible deal.

The Timberwolves are one of those teams exploring a possible Kyrie trade with “incredible seriousness,” says Jon Krawczynski of The Associated Press (via Twitter). However, Krawczynski remains unsure whether Minnesota would be open to including Andrew Wiggins in an offer for Irving.

Rockets Re-Sign Troy Williams

July 25th, 2017 at 6:53pm CST by Luke Adams

JULY 25: The Rockets officially re-signed Williams, announcing by press release on their website.

JULY 20: Free agent forward Troy Williams is returning to the Rockets, his agency ASM Sports announced today (via Twitter). According to Adrian Wojnarowski of ESPN (Twitter link), Williams will get a three-year contract with a fully guaranteed first year and trigger dates for years two and three.

A 22-year-old forward out of Indiana, Williams landed with the Grizzlies last summer after going undrafted. Williams played 24 games for Memphis, starting 13 of them, before he was waived in January to make room on the roster for Toney Douglas. The Rockets picked up Williams and signed him to a rest-of-season contract, letting him become an unrestricted free agent this summer.

Although the Rockets didn’t tender Williams a qualifying offer to make him a restricted free agent, the team retains his Non-Bird rights, which allow for a three-year deal. Without those Non-Bird rights, the Rockets would have only been able to offer a two-year minimum salary contract, since the club has already used its full mid-level exception and bi-annual exception.

The Rockets also reportedly agreed to re-sign Bobby Brown.

Rockets Remain Top Choice For Carmelo Anthony

July 22nd, 2017 at 9:02pm CST by Arthur Hill

Kyrie Irving‘s trade request hasn’t affected Carmelo Anthony‘s desire to join the Rockets, according to Frank Isola of The New York Daily News.

The Knicks are among four teams that Irving told Cavaliers owner Dan Gilbert he would like to be traded to, and there is speculation that New York will offer Anthony and a collection of draft picks in exchange for the All-Star guard. However, a source tells Isola that Anthony remains “focused on getting a deal done with Houston.”

Anthony has a no-trade clause in his contract and can block any deal that he doesn’t like. He has reportedly told Knicks management that he would waive the clause to join the Cavaliers or the Rockets, but he might change his mind about Cleveland if Irving is no longer there.

The Knicks and Rockets tried unsuccessfully to work out a deal involving Anthony earlier this month. Houston needs to unload Ryan Anderson, whom New York doesn’t want, so there was a search for a third — and possibly fourth — team to help make it work. The Knicks put a hold on trade talks after hiring Scott Perry as their new GM last week.