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Forbes Releases 2020 NBA Franchise Valuations

February 11th, 2020 at 11:44am CST by Luke Adams

The Knicks have had a miserable 12 months, finishing the 2018/19 season with a league-worst 17 wins, missing out on their top free agent targets, and then firing head coach David Fizdale and president of basketball operations Steve Mills during the 2019/20 season.

None of that seems to have had a noticeable impact on the team’s market value though. Once again, the franchise is considered the most valuable of any of the NBA’s 30 clubs, according to a report from Kurt Badenhausen of Forbes. The Lakers and Warriors aren’t far behind, having both surpassed the $4 billion mark for the first time this year.

For the first time, all 30 NBA teams have a perceived worth of $1.3 billion or more, per Forbes’ annual report. Every team’s value increased by at least 6% since Forbes put out their 2019 valuations last February, with a handful of franchises jumping by 20% or more.

The NBA-wide average of $2.12 billion per team in 2020 is also a new record — that league-wide average surpassed the $2 billion mark for the first time. NBA franchise values are up almost sixfold over the last decade, according to Badenhausen.

Here’s the full list of NBA franchise valuations, per Forbes:

  1. New York Knicks: $4.6 billion
  2. Los Angeles Lakers: $4.4 billion
  3. Golden State Warriors: $4.3 billion
  4. Chicago Bulls: $3.2 billion
  5. Boston Celtics: $3.1 billion
  6. Los Angeles Clippers: $2.6 billion
  7. Brooklyn Nets: $2.5 billion
  8. Houston Rockets: $2.475 billion
  9. Dallas Mavericks: $2.4 billion
  10. Toronto Raptors: $2.1 billion
  11. Philadelphia 76ers: $2 billion
  12. Miami Heat: $1.95 billion
  13. Portland Trail Blazers: $1.85 billion
  14. San Antonio Spurs: $1.8 billion
  15. Sacramento Kings: $1.775 billion
  16. Washington Wizards: $1.75 billion
  17. Phoenix Suns: $1.625 billion
  18. Denver Nuggets: $1.6 billion
  19. Milwaukee Bucks: $1.58 billion
  20. Oklahoma City Thunder: $1.575 billion
  21. Utah Jazz: $1.55 billion
  22. Indiana Pacers: $1.525 billion
  23. Atlanta Hawks: $1.52 billion
  24. Cleveland Cavaliers: $1.51 billion
  25. Charlotte Hornets: $1.5 billion
  26. Detroit Pistons: $1.45 billion
  27. Orlando Magic: $1.43 billion
  28. Minnesota Timberwolves: $1.375 billion
  29. New Orleans Pelicans: $1.35 billion
  30. Memphis Grizzlies: $1.3 billion

The Raptors are among this year’s big “winners,” with their value rising 25%, from $1.675 billion a year ago to $2.1 billion this year following their first NBA championship. The Clippers also had a noteworthy bump, moving from ninth place on Forbes’ list to sixth after landing Kawhi Leonard and Paul George last summer.

Although every franchise’s value increased, the Nets had the smallest jump, just 6%. The Magic‘s modest 8% increase resulted in the team slipping from 23rd on last year’s list to 27th this year.

It’s worth noting that when a franchise has been sold in recent years, the price often exceeds Forbes’ valuation, so these figures are just estimates.

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Southwest Notes: Winslow, Grizzlies, Mavs, Gordon

February 10th, 2020 at 3:44pm CST by Luke Adams

The Grizzlies faced some criticism for last week’s trade with Miami and Minnesota, which saw them trade away veteran forwards Andre Iguodala, Jae Crowder, and Solomon Hill for Justise Winslow, Gorgui Dieng, and Dion Waiters.

The price for acquiring Winslow was taking on a pair of pricey multiyear contracts that – along with a Dillon Brooks extension – eliminated Memphis’ projected cap room for the summer of 2020. However, executive VP of basketball operations Zach Kleiman said today that the team feels Winslow is worth that price, as Chris Herrington of The Daily Memphian relays.

Kleiman referred to Winslow as a player who will be a “very strong fit” both on and off the court for the Grizzlies, praising the forward’s work ethic, basketball IQ, and defensive tenacity.

“There were several options that were on the table at the end of the day,” Kleiman said. “… We’re well aware that we leveraged our cap space (for 2020), pulling ourselves out of the free agent market. There’s an opportunity cost to doing so. None of that is lost on us. But to be able to add one player that we believe in as a key piece to fit what we’re building, that was Plan A. That was the deal that we were hoping to get.”

Of course, Winslow’s health is the question mark that looms over the deal, but Kleiman said today that Memphis fully expects the former lottery pick to return to the court this season and is confident his back injury won’t be a long-term issue, per Herrington.

Here’s more from around the Southwest:

  • By insisting on finding a trade for Andre Iguodala instead of simply buying him out, the Grizzlies aimed to send a message to the rest of the NBA that they shouldn’t just be viewed as a “feeder system for the league’s glamour destinations,” writes Kevin Arnovitz of ESPN.
  • Despite a little drama leading up to the trade deadline, both Iguodala and the Grizzlies said they were on the same page when it came to having the swingman stay away from the team. Iguodala told Sam Amick of The Athletic that the Grizzlies actually approached him about the idea. “We were in communication with Andre’s camp,” Kleiman said today, per Chris Herrington of The Daily Memphian. “The communications were fine and we were on the same page throughout.”
  • David Aldridge of The Athletic shares some Mavericks-related trade deadline leftovers, reporting that the team inquired on Alex Len before the Hawks sent him to Sacramento. Aldridge also says there was “scuttlebutt in the air” that Delon Wright and/or Justin Jackson were available.
  • Rockets guard Eric Gordon is expected to be sidelined with a left shin contusion until after the All-Star break, head coach Mike D’Antoni said today (Twitter link via Mark Berman of FOX 26 Houston).
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Grizzlies Waive Dion Waiters

February 9th, 2020 at 3:57pm CST by Alex Kirschenbaum

3:57pm: The Grizzlies officially confirmed that they have waived Waiters, via a team press release (Twitter link).

3:39pm: The Grizzlies have waived Dion Waiters, acquired from the Heat in a three-team deal that also sent Justise Winslow and Gorgui Dieng to Memphis, according to Shams Charania of The Athletic and Stadium (Twitter link). A prior report had suggested that Waiters would not be long for Memphis.

The 6’3″ shooting guard, 28, was taken with the No. 4 pick by the Cavaliers in the 2012 NBA draft. He had productive, albeit erratic, seasons with the Cavaliers, Thunder and Heat before injuries and off-court issues marred his output. Waiters has not played more than 46 games since the 2015/16 NBA season. He has suited up for just three games this season.

The 26-26 Grizzlies are prioritizing youth and upside as they build around promising young stars Jaren Jackson Jr. and Ja Morant. While Waiters had to be included in the deal with Miami for salary-matching purposes, he wasn’t in Memphis’ long-term plans.

Charania notes that Waiters will be paid in full by the Grizzlies for the remainder of this season and his complete $12.6MM salary for the 2020/21 season, the final year remaining on the four-year, $52MM deal he signed with the Heat in 2017.

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23 Trade Exceptions Generated In Deadline Deals

February 8th, 2020 at 2:41pm CST by Luke Adams

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.

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NBA Teams With Open Roster Spots After Trade Deadline

February 7th, 2020 at 4:28pm CST by Luke Adams

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.

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Rockets, Grizzlies Swap Jordan Bell, Bruno Caboclo

February 6th, 2020 at 7:18pm CST by Arthur Hill

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.

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Heat Acquire Iguodala, Crowder In Three-Team Trade

February 6th, 2020 at 7:10pm CST by Luke Adams

7:10pm: The trade is now official, according to press releases from the Timberwolves, Heat, and Grizzlies. Minnesota became part of the deal by agreeing to acquire Johnson for Gorgui Dieng, as we outlined in a separate story, making it a three-team trade.

11:16am: The Grizzlies and Heat have agreed to a trade that will send Andre Iguodala, Jae Crowder, and Solomon Hill to Miami in exchange for Justise Winslow, Dion Waiters, and James Johnson, reports ESPN’s Adrian Wojnarowski (via Twitter). No draft picks will be included in the deal.

Shams Charania of The Athletic (all Twitter links) first reported that Crowder, Hill, and Waiters would be involved in the trade, which broke last night.

There’s still time for the agreement to be expanded to include the Thunder and Danilo Gallinari, but those talks between Oklahoma City and Miami have “fully stalled,” according to Woj (Twitter link).

The Heat were hoping to fold an acquisition of the veteran forward into the trade, perhaps extending his contract in the process. However, Wojnarowski tweets that the Grizzlies and Heat are focusing on officially finalizing a two-team deal for now, with Miami still unable to reach an agreement for Gallinari.

Barry Jackson of The Miami Herald has heard similar rumblings, tweeting that Crowder and Hill could be re-routed to Oklahoma City if the deal is expanded to include Gallinari, but for now Hill is under the impression he’ll end up in Miami, along with Crowder.

Even if the Heat can’t land Gallinari, they’ll add three veterans capable of playing rotation roles in Iguodala, Crowder, and Hill. Although Iguodala hasn’t appeared in a game at all since being traded from Golden State to Memphis in July, he played key minutes on the Warriors’ championship teams in recent years and will be well-rested for the stretch run.

As we detailed in a previous story, Iguodala and the Heat have reached an agreement on a two-year, $30MM contract extension as part of the trade. The second season of Iguodala’s extension will reportedly be a team option, allowing Miami to retain its financial flexibility to participate in a loaded free agent class in 2021. The Heat are expected to guarantee the second season of Iguodala’s deal for if they miss out on their top free agent targets in ’21, per Wojnarowski (Twitter link).

Crowder and Hill, meanwhile, have helped the Grizzlies exceed expectations and compete for a playoff spot this season. Crowder has started 45 games, averaging 9.9 PPG and 6.2 RPG and playing strong perimeter defense, while Hill has averaged 5.7 PPG with a .381 3PT% in 48 games (18.8 MPG).

The trade will also help the Heat out financially, since they’re sending out more money than they’re taking back. ESPN’s Bobby Marks tweets that Miami is now $3.4MM below its hard cap and reduced its projected tax bill by nearly $3.7MM. That could allow the Heat to be a player in the buyout market, though the team still has a full 15-man roster.

The franchise also cleared a significant amount of salary for 2020/21 in the deal, though Iguodala’s extension cuts into that newfound flexibility a little.

As for the Grizzlies, they’ll take on three pricey multiyear contracts in exchange for their three expiring deals. Having also extended Dillon Brooks on Wednesday, Memphis has gone from having $50MM in projected cap room to likely being over the cap this summer, tweets Jeff Siegel of Early Bird Rights.

Winslow is the prize of the deal for Memphis. The former lottery pick is under contract for $13MM annually through 2021/22, with a team option on the final year. Winslow has flashed tantalizing upside as a ball-handler and defender, but injuries have limited him to just 11 games this season. He’s currently sidelined with a lower back bone bruise.

Johnson and Waiters are on oversized contracts — Johnson is earning $15.35MM this season with a $16.05MM player option for 2020/21, while Waiters is owed $12.1MM this season and $12.65MM next year. Memphis’ willingness to take on those deals signals that the team is willing to roll over its cap room to 2021.

Both Johnson and Waiters have spent much of the season in the doghouse in Miami, but Johnson has at least appeared in 18 games, averaging 5.7 PPG and 2.9 RPG on .448/.356/.571 shooting in 15.6 minutes per contest.

Photos courtesy of USA Today Sports Images.

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Grizzlies Don’t Intend To Retain Dion Waiters

February 6th, 2020 at 4:50pm CST by ChrisCrouse

The Grizzlies will receive Dion Waiters in the three-way trade with the Heat, though they do not plan on keeping the guard. According to Chris Haynes of Yahoo Sports (Twitter link), a buyout agreement or outright release is “on the horizon” for Waiters.

The former No. 4 overall pick had issues with the Heat prior to the trade. He’s been suspended three times this season, including one for conduct detrimental to the team and one for rules violations. Even when he was available, he wasn’t part of the team’s rotation, appearing in just 42 total minutes over three games.

Waiters is on a fully guaranteed contract worth $12.1MM this season and $12.65MM in 2020/21, so the Grizzlies will have to take on a sizable chunk of dead money to move on from him. His ’20/21 cap hit could be stretched across three seasons, but Memphis probably prefers to keep it limited to one year.

Justise Winslow is the lone Heat player in the trade who will actually play for Memphis. The franchise re-directed James Johnson to Minnesota, picking up Gorgui Dieng before the deadine.

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Wolves, Grizzlies Swap James Johnson, Gorgui Dieng

February 6th, 2020 at 1:31pm CST by Luke Adams

UPDATE: This trade is now official. See this story for more details.

The Timberwolves and Grizzlies have agreed to a trade that will send forward James Johnson to Minnesota and big man Gorgui Dieng to Memphis, according to Jon Krawczynski of The Athletic (Twitter link).

Johnson is technically still a member of the Heat but is being traded to Memphis in the six-player Andre Iguodala trade. The Dieng deal with the Wolves may be folded into that transaction to make it a three-team trade, tweets ESPN’s Adrian Wojnarowski.

As Chris Herrington of The Daily Memphian observes (via Twitter), swapping Johnson for Dieng will add a little more salary to Memphis’ books this season and next year, but the Grizzlies view the big man as a better fit on their depth chart.

Dieng, who is under contract for $16.23MM in 2019/20 and $17.29MM in 2020/21, has averaged 7.4 PPG and 5.6 RPG in 46 games (16.9 MPG). He was particularly effective during Karl-Anthony Towns‘ injury absence, posting 12.9 PPG and 8.9 RPG on .463/.409/.806 shooting in 15 starts during that time.

Johnson is making approximately $15.34MM this season and holds a $16MM option for next season. By trimming more payroll, the Tiimberwolves will be just $1.1MM above the luxury tax line with this move, Bobby Marks of ESPN tweets.

Both teams have been extremely active prior to the deadline, as Minnesota was also part of four-team blockbuster that landed it D’Angelo Russell.

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Heat Aim To Extend Danilo Gallinari As Part Of Trade

February 6th, 2020 at 8:01am CST by Luke Adams

Having already agreed to a contract extension with Andre Iguodala as part of the trade that will send him from the Grizzlies to the Heat, Miami is looking to do the same with Danilo Gallinari, who is expected to be acquired from the Thunder in a three-team trade, reports ESPN’s Adrian Wojnarowski (via Twitter). According to Wojnarowski, the Heat and Gallinari’s reps were working overnight on a possible extension.

As we detailed late on Wednesday night, the exact terms of the trade that will send Iguodala and Gallinari to Miami remain unclear. We know the Grizzlies are acquiring Justise Winslow, but no other pieces have been confirmed. The belief is that Jae Crowder and Solomon Hill would be involved, likely heading to Oklahoma City. James Johnson and Dion Waiters are among the other rumored outgoing pieces for Miami and would presumably both end up in Memphis. Draft compensation would also be involved.

Assuming the three teams reach a trade agreement, Gallinari would be eligible to sign a new contract with the Heat that extends his current deal by two additional years, with 5% annual raises. Typically, veteran extension rules are less restrictive, but extend-and-trade rules limit new deals to three total years (including the current season) and modest raises.

Based on his current $22.62MM salary, Gallinari could receive as much as $23.75MM for 2020/21 and $24.88MM in 2021/22. However, as Woj notes, the Heat’s desire to preserve cap room for the 2021 offseason may complicate matters. Miami’s extension with Iguodala features a non-guaranteed team option for that ’21/22 season, allowing the team to maintain flexibility. It’s not clear if Gallinari would be on board with a similar arrangement.

As cap expert Albert Nahmad details (via Twitter), the Heat currently project to have more than $50MM+ in cap room for 2021, assuming Iguodala’s option is turned down. A pricey guaranteed salary for Gallinari would compromise the club’s ability to create a maximum-salary slot unless contracts are stretched.

It will be interesting to see how creative Miami gets — Nahmad points out (via Twitter) that using a descending salary structure or making that 2021/22 partially guaranteed could help the team stay somewhat flexible.

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