Miami Heat Rumors | Hoops Rumors

And-Ones: Varejao, Bryant, Cavs

November 1st, 2014 at 4:50pm CST by Eddie Scarito

Given Anderson Varejao‘s injury history, the Cavs signing him to a three year deal might seem risky, but Terry Pluto of The Plain Dealer explains why it was a smart move for the team. Pluto cites the team’s desire to win now, Cleveland’s lack of depth at center, and that Varejao’s $10MM per season salary won’t seem that high once the new CBA kicks in and player salaries escalate. Pluto also notes that the non-guaranteed third year of the contract was added because the organization views it as a potential trade chip.

Here’s more from around the league:

The Lakers look to be in for a long season that is more likely to end with a lottery pick than a playoff berth. Brian Schmitz of The Orlando Sentinel believes that Los Angeles should consider trading Kobe Bryant to the Knicks for Amar’e Stoudemire‘s expiring contract. This would get Bryant’s deal off of the books in time for next summer’s free agent class, as well as reunite Bryant with Phil Jackson, and help the Knicks implement the triangle offense more effectively, Schmitz opines.
Cavs owner Dan Gilbert’s comments about a willingness to spend whatever it took to put LeBron James back on top, no matter the cost, were a jab at the Heat organization and team owner Micky Arison, Ira Winderman of The Sun Sentinel writes. Moves such as amnestying Mike Miller in 2013, or the team declining to use their mid-level exception last season despite a lack of roster depth, were rumored to rub James the wrong way and possibly contributed to him returning to Cleveland, notes Winderman.
Lorenzo Brown and Josh Bostic agreed to contracts with the Grand Rapids Drive of the NBA D-League, David Mayo of MLive reports (Twitter link). Both players were waived by the Pistons who will retain their D-League rights.

Heat, Norris Cole To Pass On Extension

October 31st, 2014 at 8:31pm CST by Chuck Myron

The Heat and Norris Cole will forgo an extension before tonight’s 11:00pm Central deadline, setting up the point guard for restricted free agency next summer, reports Joseph Goodman of the Miami Herald (Twitter link). A report from Marc Stein of ESPN.com overnight indicated that an extension was unlikely, and aside from Stein’s dispatch from two weeks ago indicating that the sides were in talks, the rumor mill has been quiet about any extension for the 28th overall pick from the 2011 draft.

That’s no surprise, since Cole has spent almost his entire time with the Heat as a backup to Mario Chalmers, to whom the Heat committed a new two-year, $8.3MM deal this summer. Chalmers nonetheless came off the bench behind Cole in Miami’s opener, signaling a larger role for the 26-year-old as he embarks on what’s now a walk year.

Cole, a native of Dayton Ohio who went to Cleveland State University, dropped agent Joel Bell over the summer in favor of Rich Paul and Klutch Sports, the same agency that represents former teammate LeBron James. Klutch has reportedly been using the prospect of James’ influence with the Cavs to sell potential clients on the idea that they can receive a favorable deal from Cleveland if they join the agency. Still, there have been no reports linking Cole to the Cavs.

The Heat apparently turned away inquiries about Cole at the trade deadline last year, but a report over the summer indicated the team was dangling him in trade talk. In any case, he’ll be playing this season on an expiring contract with a salary of more than $2.038MM. Miami has nearly $42.2MM in commitments for 2015/16, but that doesn’t include more than $18MM in player options for Dwyane Wade, Luol Deng and Danny Granger. Perhaps more importantly, the lack of an extension for Cole also preserves Miami’s flexibility for the summer of 2016, when the Heat are set to be major players in the free agent market.

Extension Rumors: Butler, Rubio, Thompson

October 31st, 2014 at 11:54am CST by Chuck Myron

The 11:00pm Central deadline for rookie-scale extensions is only about half a day away, and there’s sure to be action in the hours ahead as decisions loom for the remaining eligible players. Here’s the latest as of this morning:

The Bulls and Butler were apart by $2.5MM in average annual value as they talked Thursday, Johnson reports. Butler’s camp doesn’t see a deal happening before the deadline, according to USA Today’s Sam Amick (on Twitter), which isn’t surprising considering the gap.
The Wolves are willing to sign Rubio to a four-year extension worth $52MM, and the team would perhaps be on board with going up to $54MM, according to Wolfson (Twitter link). Agent Dan Fegan has reportedly been seeking the maximum salary for his client, which would likely entail at least $66MM over four years, but Rubio would take $58MM, Wolfson says.
There’s “plenty of pessimism” surrounding the talks between Tristan Thompson and the Cavs as a gap remains in their proposals, reports Brian Windhorst of ESPN.com (via Twitter).

Earlier updates:

Ricky Rubio is more likely than not to sign an extension with the Wolves as advanced negotiations have taken place between the sides over the past few weeks, sources tell Marc Stein of ESPN.com. That echoes an earlier report from Darren Wolfson of 1500 ESPN Twin Cities, who heard from people outside the organization who believed Rubio and the team would ultimately settle on a four-year, $52MM deal.
Agent Brian Elfus has been in San Antonio negotiating with the Spurs this week, as Stein writes in the same piece, but Kawhi Leonard is nonetheless unlikely to sign an extension, Stein says, seconding a report from ESPN colleague Chris Broussard. Stein hears the Spurs prefer to take Leonard to restricted free agency next summer to maintain maximum financial flexibility. Adrian Wojnarowski of Yahoo! Sports wrote earlier this week that the Spurs were reluctant to give Leonard the maximum salary he’s seeking.
Talks are continuing between the Warriors and Klay Thompson and the Cavs and Tristan Thompson, Stein reports.
Brandon Knight and Norris Cole appear unlikely to receive extensions, according to Stein, though talks are still going on between the Bucks and Knight’s agent, Arn Tellem, a source tells Charles F. Gardner of the Milwaukee Journal Sentinel. Stein seconds earlier reports indicating that Jimmy Butler, Reggie Jackson and Iman Shumpert also seem unlikely to sign extensions.
The Bulls are going to have to increase their offer to Butler to entice him to sign, tweets K.C. Johnson of the Chicago Tribune. It’s unclear what the Bulls have on the table, but as of a week ago the sides were “millions apart,” as Johnson wrote then.

Minor Moves: Covington, Mekel, Heat, Warriors

October 30th, 2014 at 12:19pm CST by Chuck Myron

Robert Covington nearly had a deal with the Sixers this week shortly after the Rockets waived him, but talks broke down over contract length and the 23-year-old forward is expected to sign with the D-League instead, Shams Charania of RealGM reports. Philadelphia offered a four-year arrangement with a “high” amount of guaranteed salary, Charania writes, but Covington apparently passed on that. The sides were unable to forge a deal on a shorter contract, Charania notes. Covington joins K.J. McDaniels, the 32nd pick in this year’s draft who inked with the Sixers for just one year, among those resisting Philly’s efforts to tie up young players on long-term deals. The deluge of players hitting waivers in the past week has led to news around the D-League and international circuits, and we’ll pass along the latest here:

Gal Mekel isn’t thinking of heading overseas to play in the wake of the Mavs‘ decision to waive him Wednesday, tweets David Pick of Eurobasket.com, so he’ll remain free to sign with another NBA team providing he clears waivers.
Khem Birch, Larry Drew II, Tyler Johnson and Shawn Jones have agreed to join the Heat‘s D-League affiliate, reports Ira Winderman of the Sun Sentinel (Twitter link). Miami is using its ability to reserve the D-League rights to up to four of its preseason cuts to keep Birch, Johnson and Jones out of the D-League draft, but Drew played with the Heat’s D-League affiliate last year, so he wouldn’t have been subject to the draft. That allows the Heat to preserve their ability to retain the D-League rights to one player they waive during the regular season. Andre Dawkins seems a likely candidate for that sort of maneuver, Winderman suggests (on Twitter).
Sean Kilpatrick will play for the Warriors D-League affiliate, tweets Adam Zagoria of SNY.tv, who confirms an earlier report that Aaron Craft will do the same. That means Golden State retained the D-League rights to both after waiving them last week.

And-Ones: Hornets, Celtics, D-League

October 29th, 2014 at 10:33pm CST by Eddie Scarito

The contracts of Alonzo Gee (Nuggets) and James Ennis (Heat) both became fully guaranteed today, and a partial guarantee of $250K has kicked in for Dewayne Dedmon (Magic), since both Dedmon and Ennis were on their teams’ respective rosters come opening night, and Gee was still on his team’s roster past October 29th, as is shown on our schedule of contract guarantee dates.

Here’s more from around the league:

The Celtics look to improve upon their 25-win season of a year ago, and began their quest at home tonight with a 121-105 victory over the Nets. In his season preview, A. Sherrod Blakely of CSNNE.com believes Boston’s outlook has improved, and Rajon Rondo will have a strong season as he looks to silence his doubters and maximize his value heading into next summer.
In a separate article, Blakely looks at the top five players who changed teams and donned new uniforms this summer. Blakely also examined the five best rookies making their debuts this season, including Elfrid Payton, Jabari Parker, and Marcus Smart.
Hornets owner Michael Jordan believes that the addition of Lance Stephenson gives his team a legitimate shot to contend in the Eastern Conference, the Associated Press reports. Jordan especially likes Stephenson’s “fight,” saying, “One of the reasons why I admire his game is he takes on challenges. For us to get any place in the East, we need someone to challenge LeBron. He challenged LeBron.”
Former Sixers coach Larry Brown slammed the organization’s rebuilding through “tanking” plan, John N. Mitchell of The Philadelphia Inquirer writes. “I hate what’s going on in Philly,” Brown said. “They don’t have a basketball person in the organization. It makes me sick to my stomach.”
Malcolm Turner of Wasserman Media Group has been hired as the president of the NBA D-League, Adrian Wojnarowski of Yahoo! Sports reports (Twitter link).
Roger Mason has been hired as the NBPA’s director of player relations, Howard Beck of Bleacher Report tweets. It is unclear if accepting this position would prevent Mason from continuing his playing career. The 34-year-old Mason made 25 appearances for the Heat last season, averaging 3.0 PPG in 10.4 minutes-per-game.

Pacific Notes: Kings, Thomas, Clippers

October 29th, 2014 at 1:50pm CST by Chuck Myron

Workers broke ground today on a new arena for the Kings that’s set to open in two years, the team confirms via press release. It’s the latest in a long line of steps toward a new building that the NBA has mandated must take place in a timely fashion in advance of a 2017 deadline for completion. The league would have the power to take control of the team and move it to another city if the Kings either miss the deadline or don’t show sufficient progress, but it seems the franchise is well on its way to opening the doors of its new home in Sacramento. There’s more on the Kings amid our latest look around the Pacific Division:

The Kings are indeed looking for help on the wing even though they’re not ready to sign Terrence Williams at this point, according to Jason Jones of The Sacramento Bee (Twitter links). Williams, a four-year NBA veteran, reportedly worked out for Sacramento recently, and the Kings, who have an open roster spot, are looking for experience, Jones says.
New Suns guard Isaiah Thomas confirms that he had interest in signing with the Lakers this summer, adding that the interest was mutual, as he tells Grantland’s Zach Lowe. “First off, it’s the Los Angeles Lakers. Who wouldn’t want to play for them? Second off, I felt like they always needed a point guard — a small guard like myself,” Thomas said. “I always envisioned myself playing with the Lakers, but like you said, they were waiting on Carmelo [Anthony] and other moves. The Suns came out of nowhere and showed a lot of interest, and I fell in love with them.”
A report early in free agency indicated that the Lakers, Heat and Pistons were Thomas’ preferred teams, and he says to Lowe that all three, as well as the Mavs, showed interest, noting that Miami’s pursuit took place before LeBron James left, as Lowe passes along in the same piece.
Steve Ballmer can write off about half of the $2 billion he paid to buy the Clippers as he files his federal taxes over the next 15 years, report Arash Massoudi and Alan Livsey of the Financial Times (hat tip to Sean Deveney of The Sporting News).

Southeast Notes: Bosh, Jordan, Hornets, Heat

October 28th, 2014 at 8:09pm CST by ChrisCrouse

Hornets owner Michael Jordan has finally learned how to win games without the basketball in his hands, writes Steve Reed of the Associated Press. “I can impact the game in shorts and tennis shoes,” Jordan said. “When I had those on it was easy to prove people wrong. It’s hard to do that now when I have a suit on. I have to rely upon other people understanding my message and my focus.” The Hornets have high expectations this season and many expect the team to make playoffs. Here’s more from the Southeast division:

Chris Bosh isn’t shy about stating his desire to have more freedom in the offense as a reason he chose the Heat over the Rockets in free agency, tweets Joseph Goodman of the Miami Herald. In terms of a slice of an apple pie chart, said Bosh (link), “It would be a big slice, a nice slice. A big-man slice. Big. Huge. Unhealthy slice. Close to half.”
Although the Hornets are not making a substantial amount of money, Jordan claims the team is getting closer to breaking even, tweets Rick Bonnell of the Charlotte Observer. Charlotte is believed to have lost $34MM in basketball operations last year, according to Zach Lowe of Grantland.
Jordan was quick to point out that money wasn’t a main reason why Josh McRoberts departed the Hornets this offseason, writes Bonnell. McRoberts signed with the Heat for a four year deal worth the full value of the non-taxpayer’s mid-level exception (~$22.6MM).
One of the reasons Danny Granger chose the Heat in free agency was the team’s high shooting percentage over the last few years, writes Barry Jackson of The Miami Herald. “They have a lot of layups, a lot of open threes, things some other teams just don’t get, which is why they shot such a high percentage. I definitely think I will be able to do that here. I’m definitely going to be over 40 percent, probably 45, 46,” said Granger. Granger added that he hopes to become a more efficient player with the Heat.

Eastern Notes: Wade, Jennings, Qvale

October 28th, 2014 at 11:30am CST by Chuck Myron

If the Bulls and Cavaliers meet in the Eastern Conference Finals this year, it should be a compelling affair, if evidenced only by the virtual dead heat between the clubs among Hoops Rumors readers who’ve weighed in on which team they think will win the NBA title. Still, the health of Derrick Rose is an X-factor after the point guard missed all but one game of the past three postseasons, and no one knows quite how the Cavs will come together with all of their new pieces, so there’s plenty of mystery surrounding the East this season. Here’s the latest from around the conference:

The idea of signing with the Bulls “played on my heart,” as Dwyane Wade told TNT’s David Aldridge, but the longtime Heat guard reiterated that Miami is his home, as Aldridge notes amid his Morning Tip column for NBA.com. The Bulls reportedly put out feelers to Wade this summer, and they also pursued him in 2010.
Former Pistons front office chief Joe Dumars took the fall, but Brandon Jennings tells Vince Ellis of the Detroit Free Press that he and Josh Smith simply didn’t perform to the level they should have after the Pistons committed a combined seven years and $78MM to the duo. “We did get a new contract, both of us, so the blame has to go to both of us, actually,” Jennings said. “I’m going to put myself in there because I’m the point guard. So if anything, I’m going to hold myself accountable first, before anyone else. I definitely didn’t do my job last year. It was one of the most embarrassing seasons ever, especially with the talent that we had, and I feel like we should have [gone] farther than we did. But I put that on myself. That really bothered me all summer. So I have a lot to prove this year.”
Hornets camp invitee Brian Qvale has signed with Tofas Bursa of Turkey, the team announced (translation via Sportando’s Emiliano Carchia, who was the first to report the deal, via Twitter). Charlotte waived the center last week.

Eastern Notes: Bosh, Celtics, Smith

October 26th, 2014 at 7:54pm CST by Eddie Scarito

The Heat’s roster is still full of talent, post LeBron James, but it will take time for all the new pieces to come together, writes Joseph Goodman of the Miami Herald. Chris Bosh, who signed a five year, $118,705,300 contract this offseason, understands that the circumstances this season will be different.

“It’s a process, and every time we step out on the floor we’re used to being extremely successful and for things to come a little easier,” Bosh said. “We haven’t had this process in a very long time. We’re used to the same guys coming back, and we know our rotations and it’s just a matter of getting in shape. We’re used to knowing where the ball is going to go. We knew everything and now is a time when we have to really be patient with it because even though we’re out there playing, we have to remember that we’ve only played eight preseason games together and we’re not going to be where we need to be.”

Here’s more from the Eastern Conference:

Celtics owner Wyc Grousbeck says that he has received “two serious offers” to sell the team in the last two weeks, writes Kevin Paul Dupont of The Boston Globe. However, he and Steve Pagliuca have no interest in selling, and Grousbeck would not say if those offers came with dollar amounts attached to them.
Former Knicks guard Chris Smith has entered the D-League draft with the hope of getting another opportunity to play in the NBA, writes Ian Begley of ESPNNewYork.com. The younger brother of J.R. Smith says that he has drawn interest from some D-League teams as well as clubs overseas.
Even with LeBron James returning to Cleveland, the Heat will still be one of the better teams in the East, as A. Sherrod Blakely of CSNNE.com writes in his preview of the Southeast Division.

Chris Crouse contributed to this post.

Heat Waive Khem Birch

October 25th, 2014 at 6:39pm CST by Cray Allred

The Heat have waived Khem Birch along with the trio of cuts made earlier this evening, according to a team release. Miami will be on the hook for $50K in partially guaranteed money from his contract, unless another team claims him.

Birch was in the running for one of the Heat’s 15 final roster spots, but ultimately wasn’t preserved for the 2014/15 season. If Birch clears waivers, the Heat will hold his D-League rights, and they are expected to invite him to join their D-League affiliate, according to Ira Winderman of the Sun Sentinel.

The undrafted power forward was projected as a potential second-rounder out of UNLV, and he has impressed in stints with the Wizards summer league team and as a member of Miami’s preseason squad. Birch averaged 10.2 rebounds in his junior year, opting to declare for the draft rather than stay for his senior year.