Grizzlies Rumors

Raptors Likely To Offer Extension To Rudy Gay

Five weeks into Rudy Gay's tenure with the Raptors, GM Bryan Colangelo already sees him as the face of the franchise, and he's likely to offer Gay an extension when he becomes eligible for one in July, reports Marc J. Spears of Yahoo! Sports. The team will also pursue a "proven scoring post player" in return for Andrea Bargnani, Spears writes.

While Raptors management has been quick to embrace him, Gay believes he wasn't given a fair shake by new members of the front office in Memphis who arrived after Robert Pera bought the team at the start of the season. Gay had an inkling he'd be traded, since he felt the new management team, headed by CEO Jason Levien, didn't give him an opportunity to show he was worth his contract, which pays him $82.3MM over five years.

"With [new management], I don't think anybody's comfortable," the ex-Grizzlies forward said. "They're rookie owners. They come in there and they want it their own way, and you can't blame them for that. But it's a player's league." 

Come July, Gay will have played three seasons of his five-year deal, making him extension-eligible. The Raptors would only be able to add two seasons to his contract, since veteran extensions are limited to four years including the remaining years on the existing deal. Still, an extension would likely remove the possibility, however remote, of Gay invoking his player option to decline the $19.3MM he's set to receive in 2014/15.

Veterans have been largely unwilling to sign extensions since they can usually sign for more money and more years in free agency, but Gay may be willing to make an exception, considering how highly the Raptors view his skills and how few teams may be willing to pay him more. Gay isn't thinking long-term, Spears writes, but that could change between now and July, and he seems to have a positive view of his new surroundings.

"Last time I left it up to my agent and it worked for me," he said. "I love the city. I think the team has a lot of potential. The organization is great. [Colangelo] is here and he is watching every step trying to make this team better."

As for a Bargnani trade, I'm not sure whether Toronto will be able to find a top-shelf post option in return for a player whose numbers have declined precipitously this year. The Raptors will also be hard-pressed to avoid the tax next season, so finding an upgrade who costs less or the same amount as Bargnani's $10.75MM salary figure for next season will be a challenge. 

Hollinger On Gay, Prince, Speights, Analytics

Prior to the seventh annual MIT Sloan Sports Analytics Conference in Boston, John Schumann of NBA.com exchanged a few emails with Grizzlies vice president of basketball operations John Hollinger.  The former ESPN scribe touched on a number of topics concerning the club and his new gig.  Here are some of the highlights..

How does your approach to analytics as a team executive differ from your approach as a writer?

The biggest change is that I’m looking at everything through this more narrow lens of “how does this impact the Memphis Grizzlies?” That means I’m probably looking at certain players much more closely and all but ignoring some national stories that I’d be discussing nearly every day in my former gig (like one that rhymes with “Spakers,” for instance), and it means I’m paying a lot more attention to non-NBA stuff (college, Europe, etc.) because that’s the pipeline for incoming players. As a writer I had the luxury of waiting until those guys got to the league if I so chose.

How has your team changed with the trades you made?

Rudy [Gay] was a very good player but Tayshaun [Prince]’s ability to pass and hit catch-and-shoot jumpers hopefully replaces some of the athleticism and shot-creating ability we gave up in this deal. Defensively we probably get even better, because we still have that 6-9 small forward who can guard, but now we also have an athletic big who plays above the rim in Ed, which is something we really didn’t have before. And finally, we’re pretty deep in the front line now, because we also have bigs like Jon Leuer and Dexter Pittman waiting in the wings from our other deals.

Can you explain the reasoning behind the Marreese Speights trade?

One thing I think a lot of people don’t understand is that we still were facing a potential luxury tax hit even with the [Gay trade], because of certain incentive deals in our player contracts. So even though all those little charts on the Web had us $4MM and change into the tax, in reality our potential liability was about $6MM. Because of that, it was inevitable that another deal also had to be made in addition to a Rudy deal.

Also, there was a fairly important chess element to this — we were able to improve our leverage in the second deal by being under the tax, because beforehand people were demanding a premium for all the money they’d be saving us. The basketball offers for Rudy got better once we’d done this. As for the particular deal we chose, it was clear given the frontcourt depth we had that moving off that Speights deal for both this year and next was the way to achieve the greatest savings at the least basketball cost…Obviously this isn’t the kind of move you’d prefer to make, but we came into a situation where our hands were really tied financially, and now we have options again.

While I have the floor, I’ll also point out two other things: First, that the Speights trade exception was parlayed into an even larger exception in the Rudy deal, because we took Austin Daye into it, so we now have a $7.5MM chip that could prove valuable in the offseason. And second, that our breathing room allowed us to take in Dexter Pittman and a second-round pick at the trade deadline.

Cavs Won’t Buy Out Omri Casspi Before Deadline

11:59pm: The Rockets' agreement to sign Brooks scuttled Casspi's willingness to accept a buyout from the Cavs, since it took away a likely destination, according to Marc Stein of ESPN.com (Twitter links).

7:55pm: The Cavs won't buy out the remainder of Omri Casspi's contract before tonight's playoff-eligibility deadline, reports Jason Lloyd of the Akron Beacon Journal. The forward is unpleased with his scant playing time this season, a source tells Lloyd, and his representatives have been engaged in buyout talks with the team.

Bob Finnan of The News-Herald indicated this weekend that Casspi was no longer in the team's plans, and a report from the Israeli website Walla Sport indicated Casspi wanted to wait to have an offer lined up with another team before agreeing to a buyout, just like Raja Bell of the Jazz. That report from Casspi's native Israel pointed to the Grizzlies and Rockets as potential destinations, and ESPN's Marc Stein named the Rockets as a legitimate candidate to sign him if he were released, though Houston might be reluctant to do so now that they're set to sign Aaron Brooks.

Casspi is averaging a career-low 11.4 minutes per game this year, and his numbers have declined virtually across the board in each season since his rookie campaign in 2009/10. That year he put up 10.3 points in 25.1 minutes per game for the Kings, who made him the 23rd overall pick in the 2009 draft. Casspi's currently making $2.277MM in the final year of his rookie-scale contract, but it's no certainty that the Cavs will tender him the $3.3MM qualifying offer required for the team to match offers for him this summer. Without that qualifying offer, Casspi would become an unrestricted free agent in the offseason.

Western Notes: Fisher, Mavericks, Conley, Nash

Mavericks owner Mark Cuban has kept mum about Derek Fisher signing with the Thunder, but one league source told Jeff Caplan of NBA.com that the best way to describe the mood of the Dallas front office is “agitated."  The source said that the veteran and his representatives never contacted the Mavs during his decision-making process to discuss a possible return to Dallas, the team that, in good faith, initially signed him.  Fisher asked for and received his release from the Mavs on December 22 so he could spend more time with his family.  Here's more out of the Western Conference..

  • Tim Cowlishaw of the Dallas Morning News doesn't see Dwight Howard as the answer for the Mavericks as they look to once again build themselves into contenders.  Cowlishaw argues that despite his immense talent, his poor foul shooting and subsequent inability to be counted upon in crunch time cancels out much of it.
  • Mike Conley is averaging 2.3 steals per contest and if he keeps up his thieving ways, he'll be in line for a contract bonus at the end of the year, notes Ronald Tillery of the Memphis Commercial Appeal.  To cash in, the Grizzlies guard has to finish top five in steals.  He currently ranks second behind Chris Paul of the Clippers.
  • Salary cap guru Larry Coon (via Twitter) believes that it's possible that the Lakers will trade Steve Nash this offseason, but he doesn't see them actively pursuing a deal.

Teams With Open Roster Spots

Since the trade deadline, a pair of contenders have taken advantage of having an open roster spot, with the Knicks adding Kenyon Martin on a 10-day contract and the Thunder agreeing to sign Derek Fisher for the remainder of the season.

For New York and Oklahoma City, adding a veteran as a 15th man makes sense for depth purposes, and we may see a few more playoff contenders take the same approach as Friday's buyout deadline nears. For non-contenders, a D-League pickup or two may be more likely, as teams take a look at players who may be able to contribute beyond this season.

Clubs carrying fewer than 15 players are more likely to add free agents at this point, since they won't have to release a player on a guaranteed contract to clear space for a pickup. So with the help of our constantly-updated roster counts page, let's take a quick look at the list of teams with at least one open roster spot. The number of available spots is indicated in parentheses.

Eastern Conference:

  • Boston Celtics (2)
  • Brooklyn Nets (1)
  • Charlotte Bobcats (1)
  • Chicago Bulls (1)
  • Detroit Pistons (1)
  • Miami Heat (1)
  • Orlando Magic (1)

Western Conference:

  • Golden State Warriors (2)
  • Houston Rockets (1)
  • Los Angeles Clippers (1)
  • Los Angeles Lakers (1)
  • Memphis Grizzlies (2)
  • New Orleans Hornets (2)
  • Sacramento Kings (1)

Odds & Ends: Gay, Grizzlies, Korver, Smith

Hoops Rumors would like to wish a speedy recovery to former Grizzlies owner Michael Heisley as he remains in a Chicago-area hospital days after suffering a stroke, as Ronald Tillery of the Memphis Commercial Appeal details.  Heisley is interested in buying another NBA team, and has recently been linked to the Wolves and Bucks.  Here's more from around the Association..

  • Raptors star Rudy Gay told Chris Mannix of NBC Sports (on Twitter) that he was not happy about leaving the Grizzlies at a time when he felt that they were poised to make a run.  The forward went on to say that the team was shocked and deflated by the Marreese Speights deal (Twitter link).
  • Soon-to-be free agent Kyle Korver is open to a return to the Bulls this summer, he tells Shams Charania of RealGM.com, who notes that the sharpshooter was one of Derrick Rose's favorites."That’s a great organization, that’s an awesome jersey to put on," Korver said of the Bulls. "Great fans, good team. You only get to be a free agent so many times in a career, so I’ll definitely see what’s all there. But I would absolutely listen to what they’ve got to say."
  • Now that the trade deadline has come and gone, Josh Smith can go back to focusing on contributing to his Hawks team, writes Shams Charania of RealGM.  In fact, for all of his ups and downs with the club over the years, he seems re-energized and upbeat about the second half of the year in Atlanta.
  • Mark Cuban says that Vince Carter was the Mavericks' most in-demand player at the deadline, according to Earl K. Sneed of Mavs.com (on Twitter).  "We're lucky to have him," said the owner.

Chuck Myron contributed to this post.

Omri Casspi No Longer In Cavs’ Plans

The Israeli website Walla Sport published a report indicating that Omri Casspi would like a buyout from the Cavs within the next few days (translation via HoopsHype), and Bob Finnan of The News-Herald wouldn't be surprised if that takes place. The 6'9" forward is no longer in the team's plans, Finnan writes. Casspi's rookie-scale contract expires at the end of the season, and, as Finnan already reported, he's not expected to re-sign with Cleveland this summer.

There were conflicting reports last month about whether Casspi asked for a trade, though at the time the 24-year-old professed happiness about being in Cleveland. Casspi appeared a likely trade candidate before the deadline, and drew interest from the Spurs this week. The Walla Sport report said Casspi is waiting to have a deal in place, ideally with the Grizzlies or Rockets, before accepting any buyout offer from the Cavs.

Casspi had his appendix removed this weekend, according to the Plain Dealer (Twitter link), a painful sidenote to a season of minimal impact in Cleveland. His points, rebounds, assists and minutes per game, as well as his field goal percentage, have declined each year from his rookie season, when he was a double-figure scorer and started 31 games for the Kings. Sacramento traded the 24th overall pick in the 2009 draft to the Cavs two years ago, and this season Casspi is putting up just 4.0 PPG in 11.4 MPG.

The Cavs can tender a $3,313,480 qualifying offer this summer to retain their right to match offers for Casspi, but it doesn't appear likely they'll do so. Casspi may return to his native Israel play, as Finnan reported a few weeks ago.

Recap Of Deadline Trades

A complete recap of trades that were completed before Thursday's trade deadline:

Grizzlies Acquire Dexter Pittman From Heat

2:54pm: The Heat have confirmed in a press release that they've sent Pittman to Memphis. The Grizzlies also received cash considerations from the Heat, according to the release.

12:48pm: The Grizzlies and Heat have agreed to a deal that will send Dexter Pittman and a second-round pick to Memphis, according to Marc J. Spears of Yahoo! Sports (via Twitter). Brian Windhorst of ESPN.com reports that the Heat will acquire the rights to Ricky Sanchez, who is currently playing in Argentina, in the trade (Twitter link). Ronald Tillery of the Memphis Commercial Appeal first reported that the two sides were in serious talks about a swap.

For the Grizzlies, Pittman represents another piece of frontcourt depth off the bench. Memphis had been carrying just 12 players, and would have been required to add a 13th man in the very near future had the team not acquired a player via trade today. The team had intended to make use of one of its seven trade exceptions, but likely won't need to do so, since the third-year big man is making the minimum salary of $854,389.

From Miami's perspective, the trade allows the club to open a roster spot for a potential free agent addition later in the season. According to Windhorst (via Twitter), the Heat have kept in touch with Kenyon Martin, but will likely wait until March to explore all their options.

Moving Pittman also reduces the Heat's tax bill slightly, and the cost to do so wasn't exactly exorbitant — Marc J. Spears of Yahoo! Sports reports (via Twitter) that the second-rounder is Miami's 2013 pick, which is currently projected to be 59th overall, as our projected draft order indicates.

I would assume that Sanchez, who was drafted by the Trail Blazers in 2005, will never see the floor for the Heat. The Grizzlies simply had to include a piece in the deal so that they weren't acquiring Pittman and a pick for nothing. Miami will also obtain a trade exception worth $854,389 (Pittman's salary) in the move.

Grizzlies In Serious Talks To Acquire Pittman

The Grizzlies are in serious talks with the Heat to acquire big man Dexter Pittman, according to Ronald Tillery of the Memphis Commercial Appeal (Twitter link). The proposed deal would see the Grizzlies land Pittman and a second-round pick using one of their seven trade exceptions.

Because Pittman is only making a minimum salary ($854,389) this season, the Grizzlies could use one of their smaller exceptions to absorb his contract, rather than using a chunk of their $7.49MM TPE from the Rudy Gay trade. From Miami's perspective, the team could clear a roster spot and save some money on its luxury-tax bill.