- The Timberwolves inquired early in free agency on Reggie Bullock, but the Pistons and two other teams are pushing hardest for the swingman now, tweets Darren Wolfson of 5 Eyewitness News. According to Wolfson, Bullock figures to make a decision this week.
JULY 10: The Timberwolves have officially signed Gibson, the team confirmed today.
JULY 2: The Timberwolves have agreed to sign free agent power forward Taj Gibson, reports Shams Charania of The Vertical (via Twitter). According to Charania, Gibson will receive $28MM on a two-year deal from Minnesota.
The pact doesn’t include an option (player or team) for the second year, per Sam Amick of USA Today (on Twitter). News of the agreement comes on the heels of a report from Darren Wolfson of 5 Eyewitness News (Twitter link) that the Wolves’ interest in Gibson had “increased.”
[RELATED: 2017 NBA Free Agent Tracker]
By agreeing to join the Wolves, Gibson will reunite with Tom Thibodeau, who coached the forward in Chicago. He’ll also be joining former Bulls teammate Jimmy Butler, who was acquired by Minnesota in a blockbuster trade. The market for Gibson’s services was relatively quiet, with the only other team reportedly interested in him being the Kings.
Inking Gibson will wipe out most, if not all, of Minnesota’s remaining cap room. The Wolves are still armed with their Room Exception, valued at about $4.33MM, which can be used to further bolster their ever-improving roster. However, adding Gibson almost certainly eliminates the Wolves from the Paul Millsap sweepstakes, which may make the Nuggets the frontrunner to land the versatile forward.
The Timberwolves will likely have to renounce their qualifying offer for Shabazz Muhammad in order to sign Gibson, which would make the swingman an unrestricted free agent. Muhammad could – in theory – still return to Minnesota, but the Wolves would no longer have matching rights, allowing him to sign outright with another club.
Gibson, 32, split his time between the Bulls and Thunder last season. He appeared in a total of 78 contests, averaging 10.8 points, 6.2 rebounds and 0.9 assists. He shot .515/.231/.715 from the field.
Photo courtesy of USA Today Sports Images. Luke Adams contributed to this post.
JULY 10: The Timberwolves have officially signed Teague, the team announced today.
JUNE 30: The Timberwolves and unrestricted free agent Jeff Teague have agreed to a deal, per Jon Krawczynski of The Associated Press (via Twitter). It will be a three-year, $57MM deal, per the scribe. The final year is reportedly a player option.
The addition of Teague will continue an extremely busy offseason for Minnesota, with the team having already acquired star swingman Jimmy Butler from the Bulls earlier this week. The Wolves were in desperate need of a point guard, having shipped away Ricky Rubio (Jazz) and Kris Dunn (Bulls) in separate trades.
In 82 contests last season for the Pacers, Teague averaged 15.3 points, 4.0 rebounds and 7.8 assists. His career marks are 12.6 PPG, 2.4 RPG and 5.5 APG to go along with a shooting line of .447/.355/.844.
Photo courtesy of USA Today Sports Images.
We’re only on the 10th day of the NBA league year, but already, the number of teams with cap room still available is dwindling.
Clubs without cap room remaining could create space at some point — the Knicks, for instance, used the last of their cap room to finalize Tim Hardaway‘s offer sheet, but may try to clear salary by trading Carmelo Anthony and/or Courtney Lee. For now though, only a handful of teams have a useful amount of cap space left.
Those teams with cap room are listed below, along with an informal breakdown of what their situation looks like. Many deals haven’t yet been finalized, so these figures our based on our projections, with the help of information from Basketball Insiders and HeatHoops.
Teams with cap room remaining:
- Atlanta Hawks: With agreed-upon deals for Mike Muscala and Tyler Dorsey not yet official, the Hawks retain about $18-19MM in cap room. And that’s not counting whatever amount of money Jamal Crawford was willing to give up in his buyout, so that figure may creep a little higher.
- Brooklyn Nets: The Nets remain in a holding pattern with Otto Porter, but after he officially moves over to the Wizards’ books and Brooklyn completes its trade for DeMarre Carroll, the team should have about $16-17MM in cap room. The Nets could create a little more space by waiving one or more non-guaranteed players.
- Denver Nuggets: Once the Nuggets’ signing of Paul Millsap becomes official, the team won’t have much cap flexibility left, though that could change if Mike Miller is waived and/or Mason Plumlee is renounced. If both of those players remain on the cap, Denver will only have about $2MM in room. If they move on from both players, the Nuggets could get up to about $11MM+ in space.
- Indiana Pacers: Assuming the Pacers stretch Monta Ellis‘ salary, as has been reported, they should have in the neighborhood of $7-8MM in remaining cap room, even after finalizing the acquisitions of Darren Collison, Bojan Bogdanovic, and Cory Joseph.
- Los Angeles Lakers: The Lakers have approximately $17MM in cap room left, though they’d have to renounce their remaining unrestricted free agents to make use of all that space.
- Orlando Magic: The Magic could have retained their exceptions and cap holds and stayed over the cap, but it looks like they’re operating under the cap, signing Shelvin Mack with room instead of the mid-level exception. Orlando doesn’t have much space available, but could get up to $8MM+ in room by waiving C.J. Watson, and could increase that number a little more by cutting other non-guaranteed players.
- Philadelphia 76ers: The Sixers’ remaining cap room will depend on the exact numbers for J.J. Redick and Amir Johnson, but it figures to be in the neighborhood of $16-17MM.
- Phoenix Suns: Alex Len‘s $12MM+ cap hold is a significant factor in the Suns’ remaining cap room. If they were to renounce Len, the Suns could get up to about $23MM in room, with the ability to create even more by waiving non-guaranteed contracts. However, if they keep Len on the books, Phoenix’s cap room is below $11MM, and will be reduced further when Alan Williams‘ new deal becomes official.
- Sacramento Kings: Deals for George Hill, Zach Randolph, Vince Carter, and Bogdan Bogdanovic will use up most of the Kings’ space, but the team should still have room in the $8-10MM range after those signings become official.
Teams that went under the cap, but have used all (or virtually all) of their room:
- Boston Celtics
- Miami Heat
- Minnesota Timberwolves
- New York Knicks
These teams went below the cap this summer to accommodate big-money moves. In some cases, those deals aren’t yet official, but when they’re finalized, they’ll eliminate any cap room these teams have left. A couple of these clubs have already committed their room exception to certain players, with the Celtics on track to sign Aron Baynes and the Wolves lining up a deal with Jamal Crawford.
Teams that are operating over the cap, but could create some cap room:
- Chicago Bulls
- Dallas Mavericks
- Utah Jazz
These teams are currently operating as over-the-cap clubs in order to retain their full mid-level, bi-annual, and trade exceptions, but there could be scenarios in which it makes more sense to renounce those exceptions and dip below the cap.
In the Bulls’ and Mavs’ cases, it would likely only happen if they don’t retain top RFAs (Nikola Mirotic and Nerlens Noel, respectively). Meanwhile, the Jazz could only create up to about $12MM in room if they were to waive their non-guaranteed contracts and wait to sign Joe Ingles.
Note: Items on Indiana Pacers and Orlando Magic were edited after publication to adjust figures.
- The Timberwolves saw an opportunity and seized it this offseason, bringing Jeff Teague into the fold at the expense of long-time point guard Ricky Rubio. “Ricky did a good job here; we’re happy for him,” Wolves coach Tom Thibodeau told the media, including Jerry Zgoda of The Star Tribune. “We wish him well. He made a number of contributions to our team, our organization and community and we certainly appreciate that. For us where we are now, we have to get out of this hole and we felt we had an opportunity to improve our team, and that’s why we did what we did.”
- The Timberwolves saw an opportunity and seized it this offseason, bringing Jeff Teague into the fold at the expense of long-time point guard Ricky Rubio. “Ricky did a good job here; we’re happy for him,” Wolves coach Tom Thibodeau told the media, including Jerry Zgoda of The Star Tribune. “We wish him well. He made a number of contributions to our team, our organization and community and we certainly appreciate that. For us where we are now, we have to get out of this hole and we felt we had an opportunity to improve our team, and that’s why we did what we did.”
- An additional benefit the Timberwolves will enjoy after bringing Jimmy Butler aboard will be his contributions as a recruiter, Vincent Goodwill of CSN Chicago writes.
Veteran swingman Arron Afflalo has remained on vine through the first week of free agency but TNTs David Aldridge suspects that he’ll be picked up soon.
The 31-year-old was waived by the Kings last month after putting up 8.4 points per game in his 10th pro season. In the right situation, Afflalo could be a valuable defensive presence out on the perimeter. In Sacramento he was an established, veteran piece on a team that hit the rebuild button part-way through the regular season.
Aldridge notes that the Timberwolves took a good look at him prior to signing Jamal Crawford, a testament to his value as a 3-and-D option for teams in win now mode.
There’s more free agency buzz from around the league:
- The Timberwolves will look to add three more players before the end of the offseason, Jeff Zgoda of the Star Tribune tweets. Most likely a pair of wings and a point guard.
- Veteran Metta World Peace feels that he has a few more years left in the tank, David Yapkowitz of Basketball Insiders writes, noting that the forward views himself as a valuable teacher for the younger generation of NBA players.
- A candidate for the Mavs‘ second two-way contract is Chinese league MVP Ding Yanyuhang, Eddie Sefko of the Dallas Morning News writes. In May we wrote about Mavs president Donnie Nelson‘s interest in the international prospect.
Brooklyn GM Sean Marks got Raptors president Masai Ujiri to sweeten the deal involving DeMarre Carroll as they talked during Saturday’s games at the Las Vegas Summer League, writes Brian Lewis of The New York Post. Toronto’s original offer involved just Carroll and a first-round pick, but Marks was able to convince Ujiri to send along a second-rounder and take back the $3MM contract of Justin Hamilton.
The deal provides needed cap relief for the Raptors, while giving the Nets a replacement for Otto Porter after the Wizards announced their intention to match Brooklyn’s four-year, $106.5MM offer sheet. The trade may not be finalized before Thursday while the Nets wait for the Wizards to conduct Porter’s physical and report the results to the league.
There’s more today out of Brooklyn:
- With nearly $17MM left in cap space along with a $4.3MM room exception, the Nets will move on to other targets in free agency, Lewis adds. They were believed to be interested in Pistons’ guard Kentavious Caldwell-Pope, but the Carroll trade prevents them from making a max offer. Caldwell-Pope turned down $80MM over five years from Detroit, but his options may be limited now as fewer teams have cap room to work with. Other possibilities for Brooklyn are C.J. Miles, Dewayne Dedmon, Nikola Mirotic or another restricted free agent in JaMychal Green. Coach Kenny Atkinson sees the value in having an older player around. “I do think [Marks and I] both agree that we don’t want to go in with a totally young roster,” he said. “We do need that veteran support. If it’s the right position where somebody can help us, it’s definitely something [to consider].”
- Saturday’s deal may end the Timberwolves’ hopes of getting the Nets to take on Cole Aldrich’s salary, Lewis notes in the same piece. Minnesota wants to unload Aldrich, who will make $7.3MM in the upcoming season and nearly $6.9MM in 2018/19, to create enough cap room to sign Miles. However, Marks wouldn’t agree to the deal unless the Wolves threw in Oklahoma City’s 2018 first-rounder.
- The second-rounder the Nets will receive in the Carroll deal will probably be the lower of the Magic or Lakers picks, according to a tweet from NetsDaily. Brooklyn already has the rights to the Pacers’ 2018 second-rounder if Indiana misses the playoffs.
The Cavaliers weren’t able to get into a bidding war for Jamal Crawford because they need to keep enough money to sign Cedi Osman, writes Joe Vardon of Cleveland.com. Cleveland is well over the cap for the upcoming season and wasn’t willing to give Crawford its entire $5.192MM taxpayer mid-level exception. The Cavs will need at least $816K to sign Osman, who has a $1MM buyout with his Turkish team. Crawford will reportedly sign a two-year, $8.9MM deal with the Timberwolves once he clears waivers. Vardon wrote on Friday that the Cavaliers were the favorites to land Crawford, but the Osman negotiations apparently changed that situation.
There’s more news out of Cleveland:
- Coach Tyronn Lue stayed out of negotiations involving former GM David Griffin and front office recruit Chauncey Billups, Vardon writes in a separate piece. “You know how it affects me, he gave me my job,” was Lue’s only response to a question about Griffin at Friday’s summer league game. It was Griffin’s decision to fire David Blatt and replace him with Lue midway through the 2015/16 championship season. A few months after that title, Griffin rewarded Lue with a five-year, $35MM contract. Griffin could have been replaced by Billups, a close friend of Lue, but he turned down a below-market offer reported at $2MM per year. “Any time you get the chance to advance, be the president and GM, it’s always something great,” Lue said. “I know it’s something he always wanted to do. But I just kind of stayed out of the situation because I was so close to Griff, so close to Chauncey, so I didn’t want anything to do with it.”
- The Cavs don’t seem worried about Jeff Green‘s drop in production last season, writes Marla Ridenour of The Akron Beacon Journal. They signed the 10-year veteran to a one-year, $2.3MM contract on Friday, with ESPN reporting that LeBron James had “active conversations” with Green before the deal was reached. Green has been with four teams in the past three seasons, and averaged just 9.2 points and 3.1 rebounds with the Magic last year, the lowest figures of his career in both categories.
- Cleveland is limited is what it can offer, but Chris Fedor of Cleveland.com put together a list of seven free agents who might be willing to take a little less to join a team that has been to three straight finals. He names Thabo Sefolosha, Tony Allen, Gerald Henderson, Luc Mbah a Moute, C.J. Miles, Rodney Stuckey and Dewayne Dedmon.
7:28pm: The Hawks have formally requested waivers on Crawford, Chris Vivlamore of the Atlanta Journal-Constitution tweets.
The Cavs appear to be the frontrunners of all the teams mentioned to be in the hunt for Crawford’s services. Per Joe Vardon of Cleveland.com, the veteran guard is “theirs to lose.” Crawford will be able to officially finalize a deal with the Cavs or another team once he clears waivers.
5:37pm: The Hawks have finalized a contract buyout with Jamal Crawford, Shams Charania of The Vertical tweets. The 36-year-old was acquired in the three-way deal that sent Danilo Gallinari to the Clippers.
Particularly interested in the news will be the Cavaliers and Celtics who, along with the Timberwolves, Bucks and Wizards, are reported to be in the mix for the services of the combo guard. David Aldridge of TNT notes that the Lakers could be in pursuit as well.
In 82 games for L.A. last season, Crawford posted 12.3 points per game. The veteran has spent each of the past five seasons with the Clippers and has long been one of the league’s most impactful reserves.
If a contending team like the Cavs or C’s lands the three-time Sixth Man of the Year, it may drastically bolster their shot at competing in the East.
Upon news of the buyout, which was also promptly reported by ESPN’s Chris Haynes, Sam Amick of USA Today notes that the Wolves, Wizards and Cavs are out front in the race to land the guard’s services.
Free agent big man Willie Reed is meeting today with the Clippers, league sources tell Alex Kennedy of HoopsHype (Twitter link). ESPN’s Adrian Wojnarowski confirms the meeting and adds (via Twitter) that Jeff Withey is also sitting down with the club today. Los Angeles doesn’t have a whole lot of financial flexibility left, having used most of its mid-level exception on Milos Teodosic, but the club remains in the market for a backup for DeAndre Jordan, with Marreese Speights having opted out.
Here’s more on free agency:
- The Pistons‘ best offer to Kentavious Caldwell-Pope was worth $80MM over five years, which “wasn’t even close” to what the free agent guard was seeking, a source tells Jake Fischer of SI.com (Twitter link). Vince Ellis of The Detroit Free Press (Twitter link) also hears the two sides weren’t at all close, though he doesn’t confirm those specific figures. Caldwell-Pope is now an unrestricted free agent.
- The Lakers have shown some interest in Rodney Stuckey, but have only had preliminary discussions on that front, writes Mark Medina of The Orange County Register. Alex Kennedy (Twitter link) first reported L.A.’s interest in Stuckey.
- Before he agreed to sign with the Warriors on a minimum salary deal, Omri Casspi turned down a one-year, $4.5MM offer from a probable lottery team, according to ESPN’s Zach Lowe, who notes that Casspi opted for a chance at a title instead of the bigger payday.
- The Timberwolves are said to be trying harder to unload Cole Aldrich‘s contract in an effort to land C.J. Miles, but the team remains reluctant to attach a first-round pick, tweets Darren Wolfson of 5 Eyewitness News.