Houston Rockets Rumors | Hoops Rumors

Free Agent Notes: Caldwell-Pope, Korver, Millsap, Hill

June 28th, 2017 at 9:28pm CST by Arthur Hill

Coach/executive Stan Van Gundy says keeping restricted free agent Kentavious Caldwell-Pope will be the Pistons‘ priority in free agency, tweets Rod Beard of The Detroit News. The Pistons submitted a $4.96MM qualifying offer to Caldwell-Pope earlier this week, giving them the right to match any offer he receives. Van Gundy adds that the team will be searching for a third center at the veterans minimum and would like to find a veteran point guard to back up Reggie Jackson and Ish Smith (Twitter link). “Our main focus in [free agency] is guards,” Van Gundy said, “whether it’s our own guys or whatever we can spend on the MLE.”

There’s more as the free agency countdown continues:

Luxury tax issues could force Kyle Korver out of Cleveland, even though he and the team would like to extend their relationship, according to Joe Vardon of Cleveland.com. The Cavaliers may have to part with Korver, who shot a league-best .485 from 3-point range this season, if a large offer comes from another organization. Cleveland topped the $113MM tax threshold by $15MM this year and is facing a luxury tax bill of about $24.8MM, which includes a repeater penalty for exceeding the threshold every year since LeBron James returned. The Cavs currently have 10 players under contract for 2017/18 with a total salary of $128MM. With a projected tax line of $119MM, the team is looking at $29.75MM in taxes without filling up the roster.
Six to eight teams are expected to pursue Hawks forward Paul Millsap, tweets Chris Vivlamore of The Atlanta Journal Constitution. The Nuggets, Spurs and Rockets are teams that have expressed interest in Millsap, although Houston’s plans may be altered by the package it gave the Clippers today in exchange for Chris Paul. New Hawks GM Travis Schlenk has said the Hawks don’t expect to make a full max offer to Millsap.
Gordon Hayward is hoping the Jazz will re-sign point guard George Hill, relays Jody Genessy of The Deseret News (Twitter link). Utah is hoping for an early meeting with Hill, who averaged 16.9 points in 49 games after coming to the team in an offseason trade. Hayward remains the top priority in free agency, and the Jazz will meet with him Monday after he hears presentations from the Heat and Celtics.

Latest On The Chris Paul Trade

June 28th, 2017 at 6:17pm CST by Arthur Hill

Chris Paul‘s departure from the Clippers today severed a relationship that began to fall apart when the team acquired Austin Rivers in 2015, according to a Facebook post from Michael Eaves of ESPN. Several Clippers believed Rivers brought an entitled attitude to the team because he is the son of coach and president of basketball operations Doc Rivers. Veterans didn’t think Austin Rivers tried hard enough to fit in, which created dissension in the locker room. Paul, in particular, thought that Austin Rivers got preferential treatment from his father.

The situation reportedly reached a breaking point prior to the trade deadline when the Knicks offered Carmelo Anthony and Sasha Vujacic to L.A. in exchange for Jamal Crawford, Paul Pierce and Austin Rivers. Doc Rivers blocked the deal, which led Paul to believe that coaching his son was more important than winning, with an unidentified league executive saying, “Chris despises Doc.”

There’s more fallout from today’s blockbuster trade:

The decision to opt in for the final year of his contract gives Paul more flexibility if he wants to team up with LeBron James next summer, Eaves notes in the same post. He mentions the Rockets, Lakers and possibly the Clippers, if Doc Rivers is gone, as potential destinations for that to happen. In the meantime, Paul can see how well his game meshes with James Harden‘s and gets a financial windfall because Texas doesn’t have a state income tax.
Austin Rivers denied on Twitter that he had anything to do with Paul’s desire to leave. “These false rumors are comedy…so fictional it’s actually amusing! People will say or do anything to get attention,” he posted. He concluded the message with “A lot of clowns out there,” using two clown emoji symbols.
The Clippers were concerned about the later years of Paul’s next contract, tweets David Aldridge of TNT. A five-year deal in excess of $200MM would have paid Paul nearly $45MM at age 37, and L.A. wasn’t willing to make that commitment.
Newly hired Clippers consultant Jerry West didn’t attend Tuesday’s meeting with Paul, according to Chris Broussard of Fox Sports 1 (Twitter link).
The Rockets would have preferred to clear cap space by trading Ryan Anderson, but there wasn’t much of a market available, reports Zach Lowe of ESPN.com. Two teams that were interested asked for two first-round picks in exchange for taking the three years and $60MM left on Anderson’s contract.
Trading for Paul before July 1st will allow the Rockets to enter free agency over the salary cap, Lowe adds, giving them access to a full midlevel exception worth more than $8MM and a biannual exception topping $3MM.
The Rockets will continue to pursue other stars, but probably can’t offer Trevor Ariza in any deal, according to Lowe. Paul remains close with his former teammate in New Orleans, and the chance to reunite played a decision in Paul’s decision to pick Houston. The Clippers, Lowe relays, had made several attempts to obtain Ariza.
Rockets GM Daryl Morey credits Harden for making today’s trade happen. In a video posted by Mark Berman of Fox 26 in Houston, Morey says the Rockets now have the two best playmakers in the league.

Rockets Pursuing Paul George, Carmelo Anthony?

June 28th, 2017 at 4:57pm CST by Luke Adams

The Rockets’ acquisition of Chris Paul is now official, but the team may not be done dealing yet. According to Tim MacMahon of ESPN (Twitter link), a source tells him that the Rockets “think they are getting” Paul George or Carmelo Anthony.

Houston has been mentioned several times as a possible landing spot for George, who has made it clear he wants to leave Indiana. However, it remains to be seen whether the Rockets have enough assets to outbid rival suitors for George. Houston parted with young players (Sam Dekker, Montrezl Harrell), affordable veterans (Lou Williams, Patrick Beverley), and their 2018 first-round pick in today’s Paul trade. That doesn’t leave a ton of trade chips to offer the Pacers — a team like the Celtics would certainly be able to outbid Houston if they go all-in for George.

Still, the Rockets have shown in the past that they’re willing to be aggressive in trade talks for stars, even without a long-term commitment from that player. And according to Jonathan Feigen of The Houston Chronicle, Houston would have “no qualms” about trading for George with one season left on his contract.

Although George’s preference is to sign with the Lakers in 2018, Sam Amick of USA Today writes that the Pacers forward “won’t close a window of opportunity.” According to Amick, if George were traded to the Cavaliers, he’d be open to the idea of re-signing with Cleveland in ’18 if LeBron James sticks around. If the Rockets were to acquire George, perhaps the team could pitch him on a multiyear run with Paul and James Harden.

As for Anthony, Ian Begley of ESPN.com notes (via Twitter) that Paul was telling people a few days ago he’d like to play with Carmelo. Anthony’s situation is up in the air, particularly with Phil Jackson no longer in the picture in New York, but sources tell Adrian Wojnarowski of The Vertical (Twitter link) that if the Knicks do decide to part with the standout forward, they still intend to trade him rather than buy him out.

If the Rockets were to trade for George or Anthony, they’d have to send out a sizable contract in the deal. Ryan Anderson ($19,578,455 salary in 2017/18) is the most obvious trade candidate on the roster, but Indiana native Eric Gordon ($12,943,020 salary in ’17/18) could be an interesting option in talks with the Pacers.

Clippers Trade Chris Paul To Rockets

June 28th, 2017 at 4:30pm CST by Luke Adams

Reversing his decision to head to the free agent market, Chris Paul has opted into the final year of his contract as part of a trade. The Clippers have sent Paul to the Rockets in exchange for a massive trade package, Houston confirmed today in a press release. The Clippers will receive the following pieces in the deal:

Lou Williams
Patrick Beverley
Sam Dekker
Montrezl Harrell
DeAndre Liggins
Darrun Hilliard
Kyle Wiltjer
Rockets’ 2018 first-round pick (top-three protected)
$661K in cash (the amount Paul agreed to reduce his trade bonus to, per Bobby Marks)

“Since winning back-to-back championships, the pursuit of a third title has remained the ultimate goal for our franchise,” Rockets owner Leslie Alexander said in a statement. “We feel that combining two of the league’s greatest players in James Harden and Chris Paul, operating in Coach [Mike] D’Antoni’s system, gives us a championship caliber team that will compete at the highest level for years to come.”

The move is a bombshell, particularly since Paul had been expected to reach free agency this weekend — a report last week indicated that he had made the decision to opt out of his contract. However, CP3 had yet to formally file the paperwork to exercise that early termination option. Instead, he’ll waive the ETO, which will allow him to play out the final year of his deal and become eligible for unrestricted free agency in 2018, unless he signs an extension with Houston before next July. Paul is currently set to earn $24,268,959 in 2017/18.

According to Wojnarowski, the Clippers and Rockets reached an agreement after Paul informed L.A. that he intended to sign with Houston in free agency. From the Clippers’ perspective, the trade with Houston is a way to recoup some value for the star point guard and avoid losing him for nothing. Meanwhile, the Rockets will no longer have to worry about trying to dump a salary or two in order to create enough room for a maximum salary slot for Paul.

The Rockets, who were reported on Tuesday to be a “serious” threat in the Paul sweepstakes, have now secured their man before the free agent period even gets underway. The club’s star-studded backcourt will create an intriguing dynamic, since Harden is coming off an MVP-caliber season in which he served as Houston’s primary ball-handler. According to Wojnarowski (via Twitter), Paul and Harden were “determined” to play together, so the duo is presumably unconcerned about how the ball-handling duties will be shared going forward.

It will be interesting to see if Rockets president of basketball operations Daryl Morey has anything else up his sleeve for the team in July. According to ESPN’s Jeff Goodman, the club is still on the lookout for a third star to complement Paul and Harden. Houston was reportedly involved in Paul George trade talks, though the club surrendered some valuable assets in today’s move, so it’s not clear whether Morey still has enough pieces to interest the Pacers.

With Paul now headed to Houston, the Spurs – who were rumored to be a contender for Paul – will have to look elsewhere if they intend to sign a marquee free agent point guard. Teams around the NBA hoping to re-sign their own star point guards, such as the Pelicans (Jrue Holiday) and Raptors (Kyle Lowry), may also be breathing a little easier, since the Rockets were viewed as a team capable of shaking up the point guard market.

As for the Clippers, it’s not clear yet if today’s deal will be the first domino to fall in a full-fledged rebuilding process for the club, or merely a retooling of the roster. In Beverley and Williams, the Clips will acquire a pair of effective and affordable veteran guards who figure to step into key roles right away. Dekker is more of a wild card, but the 23-year-old big man flashed some upside in a rotational role for the Rockets last season, as did Harrell.

Paul’s departure also figures to be a factor in Blake Griffin‘s impending free agency. Unlike Paul, Griffin has formally exercised his ETO with the Clippers, so he’s on track to become an unrestricted free agent on Saturday. Given the reported tension between Paul and Griffin over the years, it’s possible that the trade of CP3 makes Griffin more likely to re-sign — Sam Amico of AmicoHoops.net (Twitter link) spoke to several league executives who speculated as much.

Because the combined salaries of Beverley, Dekker, and Williams – the package reported initially for the Clippers – weren’t enough for the Rockets to land Paul, Houston spent most of the day acquiring players with non-guaranteed salaries from other teams to include in the deal. Liggins and Hilliard will be flipped to the Clippers, but Tim Quarterman, Shawn Long, and Ryan Kelly, who were all traded to Houston earlier today, won’t be part of this transactions — Houston instead included Harrell and Wiltjer.

I explained the math from the Rockets’ perspective earlier today. By structuring the deal as they did, the Rockets will remain over the cap and will have the mid-level exception ($8.4MM) and bi-annual exception ($3.3MM) available to pursue free agents when the new league year begins.

The Clippers waived retiring forward Paul Pierce in order to adhere to the NBA’s offseason roster limit of 20 players.

Adrian Wojnarowski of The Vertical (Twitter links) broke news of the trade. Jonathan Feigen of The Houston Chronicle and Brad Turner of The Los Angeles Times were among those who reported key details along the way.

Photo courtesy of USA Today Sports Images.

Rockets Acquire Shawn Long From Sixers

June 28th, 2017 at 3:01pm CST by Luke Adams

The Rockets just won’t stop trading, having reportedly completing their sixth deal of the day. According to Adrian Wojnarowski of The Vertical (via Twitter), Houston is sending cash and a 2018 second-round pick to the Sixers in exchange for Shawn Long.

An undrafted free agent out of Louisiana-Lafayette, Long appeared in 18 games for the Sixers in his rookie season, and was productive in limited minutes. The 6’9″ center averaged 8.2 PPG and 4.7 RPG in just 13.0 minutes per contest. He was even better in the G League, averaging a double-double (20.2 PPG, 11.1 RPG) in 39 games for the Delaware 87ers.

It’s not clear yet what the Rockets have in mind for Long, whose 2017/18 salary is non-guaranteed. A handful of the players acquired by Houston today will be immediately flipped and included in the club’s trade with the Clippers for Chris Paul, but not all of them will be part of that deal. It’s possible that Daryl Morey and the Rockets have another move up their sleeves.

Rockets Acquire Darrun Hilliard From Pistons

June 28th, 2017 at 2:50pm CST by Luke Adams

2:50pm: The Pistons have officially sent Hilliard to the Rockets for cash considerations, the team announced.

1:58pm: The Rockets’ busy day continues, according to Sam Amick of USA Today (via Twitter), who reports that Houston will acquire Darrun Hilliard from the Pistons. The move is the fifth reported trade today for the Rockets.

Hilliard, a 2015 second-round pick, appeared in 77 games for the Pistons over the last two seasons, playing sparingly. He also appeared in seven total games for the Grand Rapids Drive, Detroit’s G League affiliate, averaging 24.4 PPG in those contests.

Hilliard, who has a $874,636 cap hit in 2016/17 and a non-guaranteed $1,471,382 salary for 2017/18, may be the last piece required for the Rockets to complete their trade for Chris Paul with the Clippers. Earlier this afternoon, I broke down the math behind Houston’s series of moves, noting that the team likely needed to acquire one player to flip to L.A. for salary-matching purposes.

Breakdown Of Math Behind Rockets’ Trades

June 28th, 2017 at 1:14pm CST by Luke Adams

Earlier today, news broke that the Clippers will be sending Chris Paul to the Rockets in a blockbuster trade, with Lou Williams, Patrick Beverley, and Sam Dekker heading to Los Angeles. However, that trade is not yet official, and can’t be made official based on the terms reported, since it doesn’t meet the NBA’s salary-matching rules.

The Rockets are currently a little below the cap, but Paul’s salary would take them above the cap, with means they’d need to take advantage of the traded player exception to complete the deal. Based on NBA rules, Houston needs to include enough outgoing salary to get within $5MM of Paul’s 2016/17 salary, which is $22,868,827. So, if Paul is willing to waive the 15% trade kicker in his contract, the Rockets’ magic number for outgoing salary is $17,868,827.

Here are the 2016/17 cap numbers for Williams, Beverley, and Dekker:

Williams: $7,000,000
Beverley: $6,000,000
Dekker: $1,720,560
Total: $14,720,560

That package leaves the Rockets $3,148,267 short of the outgoing salary required to land Paul before the new league year begins. It’s possible Houston could wait until after July 1 to complete the deal, but the team would need to include even more salary at that point, since CP3 will get a raise, while the total value of the Rockets’ value decreases due to a slight pay cut for Beverley.

The Rockets have reportedly now added Montrezl Harrell and his $1,045,000 salary to their trade package, and have other pieces on their roster that they could include, but the majority of those players are either too valuable to move or don’t earn enough money to make up the difference.

That’s why, as David Aldridge of TNT tweets, the Rockets have been calling teams all over the league in an effort to find non-guaranteed salaries to include in the deal. A “horde” of teams is involved or trying to get involved in those discussions, according to Brian Windhorst of ESPN.com (Twitter links), who adds that the Rockets are telling teams they’ve assembled the necessary pieces. Since rosters expand to 20 players in the offseason, roster limits haven’t stopped Houston from adding extra players.

Because the Rockets finished the season about $3.1MM below the cap, the team can acquire players in trade using that cap space. Typically, the CBA restricts teams from trading for a player, then flipping him right away in another deal that aggregates his salary with other salaries. However, that rule doesn’t apply to players acquired using cap room.

Here’s what the Rockets have done so far today:

Acquired DeAndre Liggins ($1,015,696) from Mavericks.
Acquired Tim Quarterman ($543,471) from Trail Blazers.
Acquired Ryan Kelly ($286,785) from Hawks.

Liggins, Quarterman, and Kelly all have fully or heavily non-guaranteed salaries for the 2017/18 season, making them ideal trade pieces. If we assume all three of those players – plus the original four Rockets – will be included in the Paul trade, Houston now appears to be just $257,315 away from having enough salary to make the deal work, and the club still has enough cap room left to absorb up to about $1.27MM in salary.

Unless our math is slightly off, it seems the Rockets will need to include one more salary in their trade. If that’s the case, I wouldn’t be surprised if we hear by the end of the day about one last player who will make up that difference. And if Houston is able to include a little more salary than the absolute minimum required, Paul could also potentially hang onto part of his trade bonus.

[Update #1: The Rockets have reportedly agreed to acquire Darrun Hilliard ($874,636) from the Pistons. Houston now has enough players to send out for Paul, though the Clippers don’t have enough roster spots to take them all back, so the Rockets may end up involving a third team in the deal.]

[Update #2: The Rockets have reportedly included Liggins, Hilliard, and Kyle Wiltjer ($543,471) in the trade for Paul, reaching the required outgoing salary threshold without using Quarterman or Kelly.]

Salary information from Basketball Insiders was used in the creation of this post.

Hawks Trade Ryan Kelly To Rockets

June 28th, 2017 at 1:00pm CST by Luke Adams

The Rockets have made yet another trade, acquiring Ryan Kelly from the Hawks for cash considerations, Atlanta announced today in a press release. Chris Vivlamore of The Atlanta Journal-Constitution first reported (via Twitter) that a deal was close.

Kelly, 26, appeared in just 16 games for the Hawks in 2016/17, spending part of the season with the team. The former Laker averaged 1.6 PPG and 1.1 RPG in limited minutes.

The trade looks like another precursor to the Rockets completing their acquisition of Chris Paul. Kelly will likely be included in that deal for salary-matching purposes.

Rockets Acquire Tim Quarterman From Blazers

June 28th, 2017 at 12:27pm CST by Luke Adams

The Trail Blazers have traded Tim Quarterman to the Rockets in exchange for cash considerations, reports Adrian Wojnarowski of The Vertical (via Twitter). It’s Houston’s third reported trade agreement of the day.

Quarterman, an undrafted free agent who signed with Portland out of LSU last offseason, played sparingly in his NBA rookie season, appearing in 16 games for the Trail Blazers and averaging 1.9 PPG (in 5.0 MPG).

The Rockets appear to be aggressively attempting to acquire players who can be included in Houston’s blockbuster deal with the Clippers for Chris Paul. Based on the terms initially reported, the Rockets aren’t sending out enough salary in that trade, but the team can acquire players using its cap room and flip them again right away in another deal.

Assuming the Rockets intend to use Quarterman and DeAndre Liggins along with Lou Williams, Patrick Beverley, and Sam Dekker in the Paul trade and complete the move before the new league year begins on Saturday morning, they’ll still need to find about $1.589MM in additional salary to include in the deal.

Rockets Acquire DeAndre Liggins From Mavericks

June 28th, 2017 at 11:59am CST by Luke Adams

Having already agreed to a blockbuster trade today, the Rockets have officially made a much smaller deal, acquiring DeAndre Liggins from the Mavericks in exchange for cash considerations. The Mavs confirmed the move in a press release.

Liggins, 29, spent the majority of the 2016/17 season with the Cavaliers, appearing in 61 games (19 starts) for the team. However, Cleveland waived him during the last week of the regular season, and Liggins was claimed off waivers by the Mavs.

A report earlier this week indicated that the Mavs intended to decline their team option on Liggins, but it appears that option was exercised after all in order to complete this deal. Liggins’ salary for the 2017/18 season remains mostly non-guaranteed, making him a useful trade chip.

The Rockets will acquire Liggins using their excess cap room, which means the team could turn around and trade him again right away. It looks like Liggins may be used as a piece to help make the salaries work in Houston’s Chris Paul acquisition, so I wouldn’t be surprised to see the former Kentucky guard flipped and included in that deal.