Indiana Pacers Rumors | Hoops Rumors

Pacers Sign Monta Ellis

July 14th, 2015 at 12:20pm CST by Chuck Myron

Courtesy of USA Today Sports Images

JULY 14TH, 12:20pm: The signing is official, the team announced.

“He’ll be a great addition to our team,” president of basketball operations Larry Bird said. “And he fits our needs for how we want to play. We’re excited to have him. He adds another veteran in our lineup and we think he’ll be a great fit, complementing George Hill in the backcourt.”

Despite the earlier reports, it’s a straight signing, not a sign-and-trade.

2:06pm: The expectation is that if the Mavs don’t sign DeAndre Jordan, they’ll have talks with the Pacers about turning the Ellis deal into part of a sign-and-trade that would bring Roy Hibbert to Dallas, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). Tim MacMahon of ESPNDallas.com reported earlier that Hibbert is a consideration for the Mavs if Jordan is out of the picture.

JULY 2ND, 12:10pm: The Pacers and Monta Ellis have reached agreement on a four-year deal, reports Chris Broussard of ESPN.com (Twitter link). The contract will be worth $44MM with a player option after year three, Broussard adds (on Twitter). Ken Berger of CBSSports.com has the value of the deal at an estimated $45MM (Twitter link). The Pacers had reportedly offered a deal with similar terms over three years on Wednesday, when the sides met, so it appears the player option season has sprung up since then.

The client of Happy Walters and Jeff Fried turned down a four-year, $48MM offer from the Kings, sources tell Chris Broussard of ESPN.com (Twitter link). The Hawks, Nuggets, and Heat were also reportedly in pursuit, and the interest was seemingly mutual between Ellis and Miami. The Mavs didn’t rule out a return, but they had other priorities, as Tim MacMahon of ESPNDallas.com reported, and they didn’t intend to give him a raise on the roughly $8MM salaries he’d seen with them.

Indiana proved more willing to give the 29-year-old the raises he sought as he turned down his $8.72MM player option to stay in Dallas. The Pacers will use the cap flexibility created when David West decided against picking up his $12.6MM player option to accommodate the shooting guard, who figures to rev up Indiana’s offense, filling the playmaker role that Lance Stephenson used to occupy, as Chris Crouse of Hoops Rumors examined when he looked at Ellis’ free agent stock. The Pacers have wanted a more up-tempo attack, as they made clear this past spring.

Pacers Sign Myles Turner

July 13th, 2015 at 3:40pm CST by Chuck Myron

Courtesy of USA Today Sports Images

The Pacers have signed this year’s No. 11 overall pick, Myles Turner, to his rookie scale contract, the team announced. The big man from Texas in line for a salary of nearly $2.358MM this season, with almost $10.802MM coming over the four-year span of the contract, presuming he signed for the standard 120% of the rookie scale.

A lack of eye-popping offensive numbers, including a scoring average of 10.1 points per game, and an awkward running style cloud Turner’s future, though his gait is apparently correctable. The 7-footer has shown impressive shooting range and played strong defense in his lone college season, as Eddie Scarito of Hoops Rumors wrote when he examined Turner’s prospect profile.

The Pacers traded Roy Hibbert and David West opted out and committed to the Spurs, so Indiana has room for fresh blood inside even as the team transitions to a more perimeter-oriented attack. Turner figures to compete for minutes with soon-to-be signee Jordan Hill, among others. It’s unclear just how much flexibility Indiana has, with the terms of Hill’s deal still unknown, but Turner’s signing, which raises his cap hit by nearly $400K, signals that the Pacers are done with major free agent deals this summer.

Eastern Rumors: Williams, Knicks, Dragic

July 12th, 2015 at 11:25am CST by Dana Gauruder

Lionel Hollins denies that his sometimes stormy relationship with Deron Williams led to the Nets waiving the veteran guard in a buyout deal, according to Tim Bontemps of the New York Post. Though sources confirmed to Bontemps that the head coach and Williams had a heated meeting in Memphis earlier this year, Hollins said the Nets didn’t part ways with Williams because of their disagreements. “Everything is not peaches and cream, but there’s not one shred of evidence that our relationship is the reason that he had to go,” Hollins told the team’s beat writers. “I would have coached Deron this upcoming year just like I coached him last year, and we would have went forward just like everybody else on the team.” The Nets saved more than $50MM this season in payroll and luxury-tax payments by agreeing to give Williams $27.5MM of the $43.5MM he was owed over the next two years, Bontemps adds. The Nets used the stretch provision on the buyout.

In other news around the Eastern Conference:

Carmelo Anthony‘s decision to take slightly less than the max last summer helped the Knicks to re-sign Lou Amundson and Lance Thomas to more than the league minimum this month, Marc Berman of the New York Post reports. Anthony’s deal opened up $1.4MM in cap space this summer and that, combined with the NBA’s cap increase to $70MM, allowed the Knicks to secure Amundson for $1.65MM and Thomas for $1.63MM instead of the roughly $1MM minimum, Berman continues. If Anthony didn’t take less, the Knicks could have re-signed only one of them above the league minimum, Berman adds.
Goran Dragic‘s deal with the Heat is only worth a total of $85MM and has a starting salary of $14.783MM, Eric Pincus of Basketball Insiders relays (on Twitter). Earlier reports estimated the deal at $90MM.
Paul George is pleased with the backcourt moves the Pacers have made this offseason, he told Scott Agness of the VigilantSports.com in a Q&A session. The pending addition of Monta Ellis and re-signing of Rodney Stuckey gives the team numerous playmakers, George told Agness. “One of the biggest things we needed to get better at was pushing the tempo and playing a little faster,” George said. “I didn’t know it was going to be a drastic roster change but I knew that was the direction this team needed to go to give ourselves a better chance of winning.”

Wolves Deal Chase Budinger To Pacers

July 12th, 2015 at 10:40am CST by Arthur Hill

SUNDAY, 10:40am: The trade is official, both the Wolves and Pacers have announced.

“We’re very glad to have Chase,” Pacers president of basketball operations Larry Bird said. “He’s a guy we think will fit in our rotation. He can shoot and drive to the basket, which works with how we want to play. Damjan was a special guy. He was great to have as part of our team. He will be missed by all.”

SATURDAY, 3:24pm: The Wolves will send Chase Budinger to the Pacers, according to Adrian Wojnarowski of Yahoo Sports. Minnesota will receive 6’10” foward Damjan Rudez in exchange.

Budinger, 27, has been with the Wolves since being acquired from the Rockets in a 2012 trade. He averaged 6.8 points and 3 rebounds per game this year while playing about 19 minutes off Minnesota’s bench. In April, Budinger exercised a $5MM option for next season.

The 29-year-old Rudez, a member of the Croatian national team, averaged 4.8 points in 68 games with the Pacers last season. He signed a three-year contract with Indiana last summer and is due to make more than $1.149MM next season, with a team option for 2016/17 at $1.199MM.

The salaries aren’t a match, but each team can accommodate the deal via trade exceptions, as former Nets exec Bobby Marks points out (on Twitter). The Pacers can either use the giant, but temporary, $15.5MM-plus trade exception they reaped from the Roy Hibbert deal, or they can renounce their cap holds and use cap space, a move they’ll eventually have to make to sign Monta Ellis. The Timberwolves can use one of three trade exceptions large enough for Rudez.

Central Rumors: Drummond, Butler, Pacers

July 12th, 2015 at 9:06am CST by Dana Gauruder

The Pistons will begin extension talks with center Andre Drummond this summer with the aim of signing him to a long-term deal, most likely for the max, Terry Foster of the Detroit News reports. The Pistons want to lock up their franchise player even though they could have more flexibility to sign free agents and make trades next summer by waiting to re-sign him when he’s a restricted free agent, Foster continues. The incentive for Drummond is to get the guaranteed money now in case he suffers a significant injury, Foster adds. Money is apparently no object to get an agreement. “We have until the end of October so we will get into those talks in the next couple of weeks,” Pistons president of basketball operations and coach Stan Van Gundy said during a press conference. “What you are talking about there is more timing than anything. It is not like you will be haggling over dollars, so it is a different situation.”

In other news around the Central Division:

Van Gundy admitted he took “a little bit of a gamble” with his commitment to point guard Reggie Jackson, who has never started a full season, John Niyo of the Detroit News writes. Jackson, a restricted free agent, agreed to a five-year, $80MM deal without any options to be the team’s floor leader going forward. Van Gundy wanted to have Jackson for the long haul. “You’ve got to weigh in future years,” Van Gundy told the Detroit media. “Most of the guys who signed free-agent contracts [this July], they’ve got an out after year three or four. We were willing to pay more money to not have the out.”
Jimmy Butler received a $4.6MM signing bonus when he re-signed with the Bulls, Marc Stein of ESPN.com tweets. Butler stayed put with a five-year deal worth approximately $95MM. A 5% trade kicker is another element to the contract, according to Eric Pincus of Basketball Insiders (Twitter link).
The Pacers will use cap room to re-sign guard Rodney Stuckey since they renounced his non-Bird rights, Pincus reports. They also renounced their rights to Andrew Bynum, David West and Luis Scola, among others, Pincus adds (Twitter links). Stuckey agreed to a three-year, $21MM deal to remain with Indiana.

Pacific Notes: Hibbert, Young, Brown, Davis

July 10th, 2015 at 9:23pm CST by Eddie Scarito

Lakers GM Mitch Kupchak said in an appearance on Time Warner Cable SportsNet that he had the Roy Hibbert trade lined up with the Pacers in advance of the start of free agency as a fallback in case the Lakers fell short with their primary free agent targets, notes Eric Pincus of the Los Angeles Times (Twitter link). LaMarcus Aldridge, DeAndre Jordan and Greg Monroe all passed on the purple-and-gold, so Hibbert it is for the Lakers, who made his acquisition the last of their moves under the cap. That’s key, since it meant that the trade wouldn’t otherwise work unless Hibbert agreed to waive part of his 15% trade kicker. He wouldn’t have been allowed to waive it unless the Lakers were in such a position, but they were, and he gave back all but $78,185 of what otherwise would have been $2.3MM, according to Pincus (Twitter links).

Here’s the latest from the Pacific Division:

The 2018 first-round pick that the Kings owe the Sixers from this month’s three-player trade is protected only for the top 10 picks, according to salary cap expert Larry Coon (Twitter link). It’s unprotected for 2019. It’s possible that it’ll roll over to 2019 even if Sacramento’s pick ends up out of the top 10 in 2018 if the Kings have to send their 2017 first-rounder to the Bulls as part of a previous trade, Coon notes (on Twitter; also see RealGM).
The 2020 second-round pick that the Suns will receive from the Pistons as part of the Marcus Morris trade is Detroit’s own selection, according to RealGM.
Despite Nick Young reportedly being on the trading block, Kupchak said of the forward, “I do see him being a core player this year,” Mike Bresnahan of The Los Angeles Times tweets. The GM did stress that Young would need to show improvement on the defensive side of the game, Bresnahan adds.
Lakers second round pick Anthony Brown‘s contract calls for him to earn $700k for the 2015/16 season, $875k the second year, and $1MM in 2017/18, Pincus relays (Twitter links). The first two years of the deal are fully guaranteed, but the final season is non-guaranteed, Pincus adds.
Kings executive Vlade Divac said that Sacramento has had discussions with unrestricted free agent point guard Andre Miller, but the team is exploring numerous options, Jason Jones of The Sacramento Bee relays (Twitter link).
Brandon Bass‘ free agent deal with the Lakers is for two years and $6.135MM, and includes a player option for the second season, note Pincus and Sam Amick of USA Today (Twitter links). Bass was signed using available cap space, which means Los Angeles still retains its $2.8MM room exception, Bresnahan tweets.
Kupchak said that if unrestricted free agent Ed Davis had waited one more day before signing a deal with the Blazers, the Lakers would have been able to re-sign him, Pincus tweets. Instead, Davis inked a three-year, $20MM pact with Portland.
The Warriors are considering promoting assistant Luke Walton to replace Alvin Gentry as the associate head coach on Steve Kerr‘s staff, Marc J. Spears of Yahoo! Sports reports (via Twitter).

Chuck Myron contributed to this post.

Central Notes: Love, Bucks, Morris

July 10th, 2015 at 8:15pm CST by Eddie Scarito

New Pistons forward Marcus Morris wasn’t initially thrilled with the Suns for dealing him to Detroit, Perry A. Farrell of The Detroit Free Press writes. “I wouldn’t say stunning, but in Phoenix, I would say I didn’t have a great opportunity,” Morris said today. “I kind of wanted to play with my brother [twin Markieff Morris] so much that I kind of took away from myself. I didn’t think I had an opportunity to get better. I don’t think I had the chance to grow as a player over there. I think the opportunity is here for me. Everybody knew how bad I wanted to play with my brother. Phoenix knew. For them to trade me without consent or telling me was like a slap in the face, because of the contract I took from those guys and the money I took from them. I’m happy to be here. I’m a Piston. I’m a Bad Boy. I’m ready to get started.”

Here’s the latest from the Central Division:

The future second-rounder going to Indiana in the Roy Hibbert trade is the Lakers’ 2019 pick, tweets salary cap expert Larry Coon. The Pacers also net a trade exception equivalent to Hibbert’s salary of more than $15.5MM, Coon points out, but that will vanish when Indiana’s deal with Monta Ellis becomes official, unless the Pacers can somehow turn the Ellis transaction into a sign-and-trade.
The second-round pick heading from the Mavs to the Bucks in the Zaza Pachulia trade is Dallas’ 2018 selection, and it’s top-55 protected, according to RealGM. The same level of protection is on the 2020 second-rounder Milwaukee gets from the Wizards in the Jared Dudley deal, as RealGM also reveals. Both swaps produced trade exceptions, notes Charles F. Gardner of the Milwaukee Journal Sentinel (Twitter link). The Bucks get one worth $5.2MM from Pachulia and another for $4.25MM from Dudley.
The salaries in Khris Middleton‘s five-year, $70MM deal with the Bucks fluctuate up and down from year to year, but the starting salary is $14.7MM, Eric Pincus of Basketball Insiders tweets.
Kevin Love indicated that he and LeBron James had what Love termed, “an honest talk,” prior to Love deciding to re-sign with the Cavaliers, Tom Withers of The Associated Press writes. “He happened to be in Los Angeles the same time I was,” Love said of James. “So, we just talked everything out and a lot of stuff was very honest and we came to a really good place and we agreed on a lot of things, so I think that was also a very big deal when you’re talking to the best player in the world.“

Chuck Myron contributed to this post.

Heat Sign Amar’e Stoudemire

July 10th, 2015 at 4:41pm CST by Chuck Myron

FRIDAY, 4:41pm: The Heat have officially signed Stoudemire, the team announced. It will be a one-year deal worth $1.5MM, Jeff Zillgitt of USA Today tweets. “We are very fortunate that a proven All-Star like Amar’e has chosen the Miami Heat,” said team president Pat Riley. “He is going to bring gravitas, leadership and a hardworking mentality to our team as we look to win another Championship in Miami.”

Courtesy of USA Today Sports Images

THURSDAY, 10:53pm: The Heat are believed to be close to a deal with Amar’e Stoudemire, reports Ian Begley of ESPNNewYork.com, who cites sources (Twitter link). Barry Jackson of the Miami Herald confirmed through an associate of Stoudemire’s that it is indeed the case and that the 13-year veteran would like to play for the Heat, though that associate cautioned that a deal is not yet a given. The Happy Walters client won’t base his decision on money, Jackson hears, a plus for the Heat, who are limited to only their $3.376MM taxpayer’s mid-level exception and are poised to pay repeat-offender tax penalties this season unless they clear some of their salary commitments.

Stoudemire will meet with the Heat on Friday, as Frank Isola of the New York Daily News reported (on Twitter), and team president Pat Riley will take part, Jackson notes. Several other teams have apparently been in the mix for the big man, as the Clippers, Rockets, Mavericks, Lakers and Suns all reportedly expressed interest in him as someone who could shore up their respective benches.

Stoudemire didn’t want to go to the Clippers unless he could start, as Chris Broussard of ESPN.com reported, and it seems unlikely he’d start over Chris Bosh or Hassan Whiteside in Miami. Still, Stoudemire apparently had at least some level of mutual interest in the Clippers, as well as the Mavs, Lakers, Suns and Spurs. He was expected to speak with Clippers coach/executive Doc Rivers this past weekend, according to Adrian Wojnarowski of Yahoo Sports, who added the Pacers to the list of teams that Stoudemire was eyeing.

Celtics Sign Amir Johnson

July 9th, 2015 at 7:58pm CST by Chuck Myron

NBA: Toronto Raptors at Minnesota Timberwolves

Courtesy of USA Today Sports Images

JULY 9TH, 7:58pm: The signing is official, the Celtics announced. Since it’s not a sign-and-trade, and the amount is too large to fit within the mid-level exception, that means Boston is using cap space and has lost its long list of trade exceptions, including one worth $12,909,090 left over from the Rajon Rondo trade.

3:47pm: The second year is non-guaranteed, according to Steve Bulpett of the Boston Herald (Twitter link).

JULY 1ST, 2:36pm: The Celtics and Amir Johnson have agreed to a deal, reports Adrian Wojnarowski of Yahoo! Sports (Twitter links). It’ll be worth $24MM over two years, a fairly significant outlay. The incumbent Raptors, as well as the Knicks, Celtics, Mavericks, Pacers, Lakers and Spurs also expressed interest in the Kevin Bradbury client, as Jeff Goodman of ESPN.com reported earlier (on Twitter).

Chris Mannix of SI.com reported Tuesday that Boston was expected to show interest. Johnson said in 2013 that he wanted to play for Toronto the rest of his career, but declining numbers this past season seemed to make that proposition less likely.

Lakers Acquire Roy Hibbert

July 9th, 2015 at 6:22pm CST by Arthur Hill

Courtesy of USA Today Sports Images

6:22pm: The trade is official, the Lakers and Pacers have announced. It’s Hibbert to the Lakers and a future second-round pick to the Pacers. “I’d like to thank Roy for all his contributions during his time in Indiana,” said Pacers president of basketball operations Larry Bird. “He was a two-time NBA All-Star, and we appreciate everything he did for our franchise both on and off the court.”

JULY 9TH, 10:20am: The trade is on track to be finalized today, with the Lakers planning on sending a future second-round pick and cash to the Pacers, tweets Jeff Zillgitt of USA Today.

5:37pm: Pacers are finalizing the terms to trade Hibbert to the Lakers and the center has been informed he’s heading to Los Angeles, according to Adrian Wojnarowski of Yahoo Sports (Twitter link). Wojnarowski confirms (Twitter link) that the Lakers will absorb Hibbert’s $15.5 salary into their cap space and will likely send a combination of second-rounders and rights to overseas prospects to Indiana. The final issue being worked on is fitting Hibbert’s 15% trade kicker into Lakers’ cap room, Wojnarowski tweets.

JULY 4TH, 5:04pm: The Pacers and Lakers are discussing a deal involving center Roy Hibbert, tweets Marc Stein of ESPN.com. The framework of the deal is done, according to Jared Zwerling of Bleacher Report (Twitter link), and the teams are finalizing the assets involved. He notes that Hibbert would be valuable as a defensive anchor for a young team (Twitter link). A source told Ramona Shelburne of ESPNLosAngeles.com, “It’ll get done after [July] 9th.” (Twitter link). The Pacers will likely get cash and a draft pick, tweets Jeff Zillgitt of USA Today, who adds that the teams are still sorting out the details.

Along with his salary, the center will receive a $2.3MM bonus that will drop the Lakers’ cap room to about $4.7MM, according to former NBA executive Bobby Marks (Twitter link). The Pacers are expected to cover that bonus. Los Angeles can either absorb Hibbert into its cap space or do a sign-and-trade involving Jordan Hill if he and the Pacers are interested, notes Eric Pincus of The Los Angeles Times (Twitter link).

Hibbert exercised his player option and will earn more than $15MM next season. The Pacers are hoping to trade him and adopt a faster style of play. Hibbert has spent seven seasons in Indiana after being drafted out of Georgetown. His scoring average of 10.6 points per game last year was the lowest since his rookie season. He will be a free agent next summer.