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2019 NBA Offseason Salary Cap Digest: Memphis Grizzlies

April 24th, 2019 at 3:55pm CST by Luke Adams

An era came to an end for the Grizzlies in 2018/19, as the franchise moved on from longtime center Marc Gasol in a deadline deal. With a potential rebuild looming, Memphis now must determine whether the time is right to trade Gasol’s longtime running mate Mike Conley, or whether the veteran point guard can still be a cornerstone piece going forward.

Here’s where things currently stand for the Grizzlies financially, as we continue our Offseason Salary Cap Digest series for 2019:

Guaranteed Salary

Player Options

Team Options

  • None

Non-Guaranteed Salary

  • Avery Bradley ($10,960,000) 1
  • Bruno Caboclo ($1,845,301) 4
  • Dillon Brooks ($1,618,520) 5
  • Ivan Rabb ($1,246,762) 2
  • Total: $15,670,583

Restricted Free Agents

Unrestricted Free Agents / Other Cap Holds

Projected Salary Cap: $109,000,000
Projected Tax Line: $132,000,000

Offseason Cap Outlook

  • Realistic cap room projection: $0
  • Although the Grizzlies only have about $86.5MM in guaranteed salaries on their books, they’re unlikely to create cap room – barring cost-cutting moves – due to Valanciunas’ option and the cap hold for their first-round pick.

Cap Exceptions Available

  • Trade exception: $1,544,951 (expires 7/17/19)
  • Trade exception: $2,416,222 (expires 7/23/19)
  • Trade exception: $8,000,000 (expires 2/7/20)
  • Trade exception: $1,512,601 (expires 2/7/20)
  • Mid-level exception: $9,246,000 6
  • Bi-annual exception: $3,619,000 6

Footnotes

  1. Bradley’s salary becomes fully guaranteed after July 3.
  2. Rabb’s salary becomes fully guaranteed after July 15.
  3. The salaries for two-way players don’t count against a team’s cap.
  4. Caboclo’s salary becomes partially guaranteed ($300K) after July 10.
  5. Brooks’ salary becomes fully guaranteed after July 5.
  6. These are projected values. In the unlikely event the Grizzlies use cap room, they’d lose these exceptions (and their trade exceptions) and would instead would gain access to the $4,760,000 room exception.

Note: Minimum-salary and rookie-scale cap holds are estimates based on salary cap projections and could increase or decrease depending on where the cap lands.

Salary information from Basketball Insiders and RealGM was used in the creation of this post. Photo courtesy of USA Today Sports Images.

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2019 NBA Front Office Shakeup Tracker

April 24th, 2019 at 11:38am CST by Luke Adams

Having created a space to track the NBA’s head coaching changes this spring, it only makes sense that we should do the same for the teams shaking up their front offices.

Of course, the front office structure for an NBA franchise generally isn’t as cut-and-dried as a coaching staff. All 30 teams will enter the 2019/20 season employing a head coach and a staff of assistant coaches. But not every team will have an executive with the title of “president of basketball operations” or “executive VP of basketball operations” on its payroll. And while some general managers around the league have decision-making power within their organizations, that certainly doesn’t apply to all of them.

Nonetheless, we’ll do our best to track this spring’s front office changes in the space below, monitoring which executives have decision-making power in each new management group. Some of these searches could extend well into the spring, so be sure to check back each day for the latest updates.

Completed Searches:

Los Angeles Lakers

  • Out: Magic Johnson (story)
  • Hired: No one
  • Following Johnson’s shocking resignation, there was plenty of speculation about which high-level rival executives the Lakers might target to replace him. The answer? Nobody. The Lakers appear content to have general manager Rob Pelinka – with the help of a Rambis or two – run the front office, at least for the 2019 offseason. A report confirmed that the team has no plans to hire a new president of basketball operations to replace Johnson.

Memphis Grizzlies

  • Out: Chris Wallace (story)
  • Promoted: Jason Wexler, team president (story); Zach Kleiman, executive VP of basketball operations (story); Tayshaun Prince, VP of basketball affairs (story)
  • Hired: Rich Cho, vice president of basketball strategy (story); Glen Grunwald, senior advisor (story)
  • The Grizzlies demoted general manager Chris Wallace after the season ended, re-assigning him to their scouting department, and promoted two non-basketball executive to top roles in the front office. By promoting Prince and hiring Cho and Grunwald, the club added a pair of more seasoned basketball executives to their management group, but it still sounds like Wexler will oversee the basketball operations department, with Kleiman taking the lead on day-to-day matters. More hires are expected, but those will likely fill supporting roles.

Minnesota Timberwolves

  • Out: Tom Thibodeau (story)
  • Hired: Gersson Rosas, president of basketball operations (story); Gianluca Pascucci, assistant GM (story); Sachin Gupta, executive VP of basketball operations (story)
  • Having dismissed Thibodeau in January, the Timberwolves finished the 2018/19 season with GM Scott Layden running the show. However, they announced at the end of the regular season that they’d begin searching for a new president of basketball operations to replace Thibodeau. After interviewing several candidates, they ultimately landed on Rosas, a longtime Daryl Morey lieutenant in Houston.
  • Also considered: Chauncey Billups (story), Trajan Langdon (story), Calvin Booth (story), Michael Winger (story)

New Orleans Pelicans

  • Out: Dell Demps (story); Danny Ferry (story)
  • Hired: David Griffin, executive VP of basketball operations (story); Trajan Langdon, general manager (story)
  • The Pelicans fired Demps during the season and finished the season out with Ferry holding the interim GM role. Ferry was considered for the permanent job, but ultimately withdrew from consideration, citing concerns about moving his family to New Orleans full-time. Shortly thereafter, the Pelicans officially hired Griffin to run their basketball operations department. They later hired Langdon, who had interviewed for the top job, as their GM under Griffin.
  • Also considered: Larry Harris (story), Gersson Rosas (story), Tommy Sheppard (story), Danny Ferry (story)

Phoenix Suns

  • Out: Ryan McDonough (story)
  • Promoted: James Jones, permanent GM (story)
  • Hired: Jeff Bower, senior VP of basketball operations (story)
  • Considering McDonough was fired back in October, it may not be fair to consider this an offseason change. But when the regular season ended, it wasn’t clear who would be running the Suns’ front office going forward, after Jones and Trevor Bukstein served as interim co-GMs since McDonough’s ouster. Phoenix answered that question quickly, announcing Jones’ promotion to the permanent GM role. The team also compensated for Jones’ relative lack of management experience by pairing him with a veteran executive in Bower, who figures to play a key role in the front office.

Washington Wizards

  • Out: Ernie Grunfeld (story)
  • Promoted: Tommy Sheppard, general manager (story)
  • Hired: Sashi Brown, chief planning and operations officer (story)
  • The Wizards fired Grunfeld about a week before their season ended and hired a search firm to identify candidates to replace him. Although they conducted a number of interviews for the job, they ultimately chose to elevate an internal candidate, promoting Sheppard to the permanent GM job after he ran it on an interim basis through the draft and free agency. Former NFL executive Brown also joined the front office in a top role.
  • Also considered/rumored: Danny Ferry (story), Troy Weaver (story), Gersson Rosas (hired by Wolves), Tim Connelly (turned down offer), Masai Ujiri (story)
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Tyler Dorsey Seeking Bigger Role With Grizzlies

April 20th, 2019 at 1:30pm CST by JD Shaw
  • Grizzlies guard Tyler Dorsey hopes his post-trade spark will trigger an opportunity to gain a bigger role with the team next season, Michael Wallace of Grizzlies.com details. Memphis acquired Dorsey, who averaged 9.8 points in 22 contests, from the Hawks in exchange for Shelvin Mack back in February. “For me, this was all about taking advantage of my opportunity, because I didn’t get much of an opportunity before I got traded here,” Dorsey said. “So to get here and gradually build into it was great. Some unfortunate injuries happened, so I got a lot more opportunities and tried to take advantage of it and finish strong, the right way to keep building.” Dorsey is set to become an unrestricted free agent in July, where he’ll be free to sign with any interested team.
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Grizzlies Notes: Cho, Valanciunas, Anderson, Assistants

April 19th, 2019 at 12:03pm CST by Luke Adams

After being let go by Charlotte in 2018, former Hornets GM Rich Cho had been consulting work for the Grizzlies, so it made sense that new Memphis executive VP of basketball operations and former Hornets intern Zach Kleiman contacted him right away last week when a permanent, high-level position opened up in the team’s front office.

“Yeah, he reached out to me pretty quickly,” Cho said, per Peter Edmiston of The Athletic. “Zach did a really good job for us in Charlotte as an intern, he’s a really bright guy and he’s passionate about the game. He’s an extremely hard worker. I’ve watched his career progress from afar and I’m really happy the way things have gone for him, especially that he’s getting this opportunity.”

As for his new role in Memphis, Cho said that he’ll be overseeing the team’s analytics department and all of the salary cap administration. He’ll also be advising the rest of the management group on player personnel issues and acquisitions, as Edminston details. Kleiman will be running the show for the Grizzlies, so Cho is ready to do what he can to assist the 30-year-old executive.

“On a 30,000-foot level, I’ll be helping Zach out wherever he needs help, and advising him accordingly,” Cho said. “As the GM, he’s going to have to wear a lot of hats and be involved in everything, and I’m going to try to help him out wherever I can.”

Here’s more on the Grizzlies:

  • Of players who appeared in at least 10 games in March, Jonas Valanciunas has the league’s 16th-highest usage rate, and averaged 10 more minutes per game than he had been playing in Toronto, writes David Cobb of The Memphis Commercial Appeal. As Cobb notes, Valanciunas was very happy with his increased role in Memphis, which could have an impact on his contract decision this summer — the big man has until June 13 to decide whether or not to pick up a $17.62MM player option.
  • As expected, Grizzlies forward Kyle Anderson underwent thoracic outlet decompression surgery on his injured right shoulder on Wednesday, the team announced in a press release. According to the Grizzlies, Anderson is expected to make a full recovery and resume full basketball activities before the club opens camp in the fall.
  • The Grizzlies have now lost a pair of assistant coaches to Vanderbilt. After leaving Memphis to become Vanderbilt’s new head coach, Jerry Stackhouse has brought fellow assistant Adam Mazarei to his staff, the school confirmed today in a press release. Grizzlies assistant Chad Forcier also announced earlier this week that he’s moving on, as J.B. Bickerstaff‘s staff disperses in various directions in advance of a new coach being hired.
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Grizzlies Notes: Valanciunas, Front Office, Conley

April 18th, 2019 at 8:47am CST by Luke Adams
  • Despite rumors that Jonas Valanciunas had to make a decision on player option yesterday, his decision isn’t actually due until June 13, Chris Herrington of The Daily Memphian confirms (via Twitter). The Grizzlies‘ center is unlikely to match his $17.62MM salary for 2019/20 if he opts out, but he could easily exceed that total number on a longer-term deal, so it’s not clear yet which direction he’ll go.
  • A team source tells Herrington that the Grizzlies are expected to make more front offices hires even after adding Rich Cho and Glen Grunwald on Wednesday.
  • Veteran point guard Mike Conley wants to play for a championship contender, and it’s not clear whether that can happen in Memphis anytime soon. Still, the Grizzlies have to do what’s best for the franchise, not necessarily what’s best for Conley, as they weigh major roster decisions this offseason, writes Mark Giannotto of The Memphis Commercial Appeal.
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Grizzlies Hire Rich Cho, Glen Grunwald

April 17th, 2019 at 7:37pm CST by clarkcrum

The Grizzlies are adding two former NBA general managers to their front office, reports Adrian Wojnarowski of ESPN. Rich Cho, a former GM with both the Hornets and Trail Blazers, will now serve as the Grizzlies’ Vice President of Basketball Strategy, while former Knicks and Raptors’ executive Glen Grunwald has been hired as a Senior Advisor. The team officially announced the news earlier this evening.

Woj previously noted that the Grizzlies were still looking for some more experienced basketball executives to work alongside (or perhaps below) Jason Wexler and Zach Kleiman, who were promoted last week to head of basketball operations and VP of basketball operations, respectively.

Accordingly, It’s likely that today’s moves will end the Grizzlies’ front office rebuild that began with the demotion of former head of basketball operations Chris Wallace, given both Cho’s and Grunwald’s basketball acumen.

As noted by Chris Herrington of the Daily Memphian, Cho’s time in Charlotte coincided with Kleiman’s internship with the franchise while he was a law student at Duke University. Interestingly, Kleiman also did a summer internship with the Knicks in 2008 while Grunwald was in New York.

Those two connections, together with Kleiman being quoted in the official release from the team, make it seem likely that he, and not Wexler, may be the executive with whom Cho and Grunweld will primarily work, leaving Wexler to continue dealing with his responsibilities as president of business operations.

Herrington also adds that Grunwald will work remotely from Canada, where he currently (and still will) serves as the President and CEO of Canada Basketball.

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NBA Teams That Can’t Trade/Acquire Cash Until July

April 17th, 2019 at 12:25pm CST by Luke Adams

During each NBA league year, teams face limits on the amount of cash they can send out and receive in trades. Once they reach those limits, they’re no longer permitted to include cash in a deal until the following league year.

For the 2018/19 NBA season, the limit is $5,243,000. The limits on sending and receiving cash are separate and aren’t dependent on one another, so if a team has sent out $5,243,000 in trades and also received $5,243,000 in separate deals, they don’t have a clean slate — they’ve reached both limits for the season.

Thanks to reporting by cap experts like Bobby Marks, Eric Pincus, and Albert Nahmad, we’ve been able to keep tabs on the cash sent and received in trades by teams during the 2018/19 NBA league year, so we have a pretty clear idea of each club’s flexibility heading into the draft.

Being able to send or receive cash on draft day is particularly useful, since it can provide a simple means of acquiring – or moving – a second-round pick. A year ago, five of the trades agreed upon in June that featured 2018 draft picks included cash.

Of course, three of those five trades weren’t actually completed until July, which highlights a simple way to work around these restrictions. A team that can’t send or receive cash at this year’s draft could still technically agree to a deal involving cash, then officially finalize it sometime after July 1, when the cash limits reset for the 2019/20 league year.

Still, the 2018/19 restrictions are worth noting, since in some cases a player’s changing cap figure or contract status can make it impossible to wait until July to make a trade official.

With that in mind, here are some of the limitations facing teams until July 1:

Ineligible to receive cash:

  • Charlotte Hornets
  • Chicago Bulls
  • Toronto Raptors

The Hornets reached their limit less than a week until the 2018/19 league year, having received $5MM from the Nets in their Dwight Howard trade and $243K from the Thunder in a deal involving Hamidou Diallo.

As for the Bulls, they reached their yearly limit in three separate transactions, acquiring approximately $2.63MM in a pair of swaps with the Rockets involving Michael Carter-Williams and Carmelo Anthony. Chicago then received another $2.61MM from the Thunder in a Timothe Luwawu-Cabarrot salary dump.

Based on the reported figures for the Raptors ($5MM from the Spurs in the Kawhi Leonard blockbuster, plus $110K apiece from the Sixers and Nets in deadline deals), they could technically acquire another $23K. However, $110K is the minimum amount of cash a team can include in a trade this season, so Toronto can’t actually acquire any more.

Outside of these three teams, every NBA club is eligible to acquire at least $2MM before July. The Magic ($2,226,778), Sixers ($2,743,000), Mavericks ($3,148,049), and Hawks ($3,187,090) are most limited.

Ineligible to send cash:

  • None

No NBA teams have reached their limits for sending out cash this season, though some are close.

The Nets ($243,000) and Spurs ($243,000) can barely trade any cash after sending out $5MM in deals last July. The Thunder ($411,294) and Rockets ($565,513) are also nearly tapped out, having made a handful of moves aimed at reducing – or in Houston’s case, eliminating – their luxury tax bills.

The Wizards ($2,365,456), Grizzlies ($2,660,069), and Celtics ($2,737,090) are also somewhat limited in their ability to trade cash, but no other teams have less than $3MM available.

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Poll: Most Appealing NBA Front Office Opening

April 17th, 2019 at 8:50am CST by Luke Adams

On Tuesday, we asked which NBA head coaching vacancy looks like the most appealing, and so far, the Lakers are the pick. Despite all the drama in Los Angeles, the Lakers’ basketball situation still appears to be more favorable than that of the Grizzlies or Cavaliers.

The Lakers are also one of four teams with an opening at the top of their front office. In the wake of Magic Johnson‘s resignation, general manager Rob Pelinka is running the show in L.A., but there’s an expectation that the team will eventually hire someone to join him at the top of that hierarchy. It remains to be seen whether that means hiring a new president of basketball operations or perhaps promoting Pelinka and hiring someone underneath him.

Either way, a high-ranking job in the Lakers’ front office would be an intriguing one. Despite the team’s struggles in 2018/19, L.A. still has one of the NBA’s all-time greatest players (LeBron James) under contract for at least two more seasons and has the cap flexibility to pursue another star this summer. Some of the Lakers’ young players, such as Brandon Ingram and Lonzo Ball, saw their value dip a little in recent months for health-related reasons, but there’s still a solid core of young players on the roster who could be dangled in trade talks or who could be contributors on the Lakers’ next playoff team.

The Grizzlies are another team in the market for a high-ranking basketball executive, though as in the case of the Lakers, it’s not clear exactly what that exec’s role would be. After demoting Chris Wallace, the Grizzlies announced that president of business operations Jason Wexler would oversee basketball operations too, with Zach Kleiman elevated to executive VP of basketball operations.

Neither Wexler nor Kleiman – who has a law background – is a true basketball executive, however. Presumably, the club will target a candidate with more of a background in player evaluation, scouting, and personnel decisions to join them in a key front office role. And that role could be an interesting one — Jaren Jackson looks like a keeper, and Mike Conley is a borderline All-Star who could be retained or traded. Owing a first-round pick to the Celtics is a nuisance, but once that pick is conveyed, Memphis would be in position to launch a full-fledged rebuild, allowing a new exec to help put his stamp on the team.

The Wizards‘ and Timberwolves‘ searches for new additions to their respective front offices appear more straightforward. Washington is seeking a replacement for Ernie Grunfeld, the team’s top decision-maker for years, and Minnesota publicly announced that it’s on the lookout for a new president of basketball operations.

In some ways, the Wizards’ and Timberwolves’ situations are similar. Each team has one overpriced long-term contract that may be a cap burden going forward – John Wall in Washington and Andrew Wiggins in Minnesota – but the presence of an All-Star (Karl-Anthony Towns and Bradley Beal) at least gives each franchise some hope.

Having players like Robert Covington, Dario Saric, and Josh Okogie locked up in Minnesota may appeal to front office candidates. Of course, in D.C., only Wall, Beal, and Troy Brown are under contract beyond the 2019/20 season, which might be intriguing to a candidate looking for a bit more of a clean slate. Plus, Wizards owner Ted Leonsis probably has a better league-wide reputation than Glen Taylor, who has been known to get involved in the Wolves’ basketball decisions.

What do you think? Assuming the roles are relatively similar, and taking into account rosters, assets, and ownership situations, which of these four front office positions looks the most appealing to you?

Vote below in our poll, then head to the comment section to weigh in!

Trade Rumors app users, click here to vote.

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Poll: Most Appealing NBA Head Coaching Opening

April 16th, 2019 at 12:04pm CST by Luke Adams

As our head coaching search tracker shows, there are currently three NBA head coaching jobs up for grabs. That number looked like it might get as high as five early in the offseason, but the Kings quickly replaced Dave Joerger with Luke Walton, while the Timberwolves appear likely – for now – to retain interim coach Ryan Saunders.

That leaves three teams in the market for a head coach. The most noteworthy club in that group is the Lakers, who are undergoing some upheaval in the front office as well after Magic Johnson‘s abrupt resignation.

Walton was originally hired in Los Angeles to help develop the team’s group of young prospects, and he was doing a decent job of that before the 2018/19 season rolled around. Once LeBron James joined the Lakers, expectations changed for Walton and the team, and like David Blatt in Cleveland, he was no longer viewed as the right man for the job.

Coaching James isn’t an easy job, and the Lakers are in disarray at the moment, but they’re still the Lakers, one of the most storied franchises in any sport. And of the three teams seeking head coaches, they’re the closest to contention, particularly if they’re able to land a second star to pair with LeBron on the trade market or in free agency this summer. That should make the job appealing to veteran coaches, particularly those with previous head coaching experiences.

The Cavaliers, on the other hand, will likely be in the market for a younger, up-and-coming coach who has a strong player-development background and perhaps extensive experience as an assistant as well.

With LeBron no longer around in Cleveland, the Cavaliers are still in the relatively early stages of a full-fledged rebuild, with building blocks like Collin Sexton, Cedi Osman, Larry Nance, and a top-six pick in 2019 making up the future core. Since contention isn’t an immediate priority, the Cavs will want to find their own version of Kenny Atkinson or Lloyd Pierce, who can grow along with the team’s young players.

As for the Grizzlies, they might be somewhere in the middle. As long as Mike Conley is still on the roster, the team won’t be entering a full-fledged rebuild. But there’s no guarantee that the new decision-makers in the front office won’t trade Conley this season, kick-starting a rebuild centered around Jaren Jackson.

None of these jobs necessarily represents a perfect situation for a new head coach. The Lakers haven’t been to the postseason since 2013, their president of basketball operations just quit on the team, and no NBA player has more power than LeBron. The Cavs’ roster isn’t exactly loaded with talent, and Dan Gilbert doesn’t have a reputation as one of the league’s best owners. The Grizzlies just fired head coach J.B. Bickerstaff hours after since-demoted general manager Chris Wallace assured reporters that Bickerstaff would be back for 2019/20.

What do you think? Which of these head coaching openings looks most appealing? And would the Kings have been your pick if they hadn’t filled their vacancy so quickly?

Vote in our poll, then head to the comment section to share your thoughts!

Trade Rumors app users, click here to vote.

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Coaching Search Could Take Awhile

April 15th, 2019 at 10:40pm CST by Dana Gauruder
  • The Grizzlies may be more focused on front office hires than filling their head coaching vacancy, David Cobb of the Memphis Commercial Appeal reports. J.B. Bickerstaff was fired and head of basketball operations Chris Wallace was re-assigned to a scouting position last week. Jason Wexler was promoted to team president and Zach Kleiman was named executive VP of basketball operations. “Trending that way,” Wexler told Cobb about the need to fill out the front office before hiring a coach. “But at the same time, I’m not definitely saying that we’ll have a full front office as we move through the coaching search. There will be a little bit of dual-tracking, but focusing a little bit more heavily on the front office out of the gate.” There’s been no talk yet about potential candidates, as we detail in our Head Coaching Search Tracker.
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