Minnesota Timberwolves Rumors | Hoops Rumors

Financial Impact Of Deadline, Buyouts: Northwest

March 4th, 2016 at 2:48pm CST by Chuck Myron

The effects of the trade deadline and buyout season are still being felt around the NBA as teams negotiate with new free agents and fill open roster spots. Hoops Rumors will be taking a team-by-team look at the financial ramifications of all the movement. We began earlier with looks at the Southwest, Pacific and Central divisions, and we’ll continue with the Central Division:

Jazz

Utah’s parade of 10-day contracts appears to be over thanks to the deadline trade that filled the team’s open roster spot and netted the Jazz’s starting point guard for the past five games. The team used its cap space to add Shelvin Mack as part of a three-team swap that only cost the Jazz a second-round pick. The deal also brought the team above the $63MM salary floor, thanks to Mack’s $2,433,333 pay. The Jazz overshot the minimum team salary, adding $1,817,873 more than they had to, but the move entailed no long-term sacrifice, as Mack’s contract is non-guaranteed for next season, and it appears, given Mack’s prominent role in Utah, that the trade has been worth the extra expenditure so far.

Nuggets

Denver has been opening its checkbook in an apparent effort to address injury concerns, though the team’s trade deadline swap also reaped a pair of second-round picks. That move involved the absorption of Steve Novak‘s $3,750,001 salary and D.J. Augustin‘s $3MM pay in exchange only for the $3.135MM that Randy Foye makes. The buyout with Novak saved $396,242, and the Thunder gave the Nuggets $1.16MM in cash, according to Bobby Marks of The Vertical on Yahoo Sports, but the trade still cost Denver $2,058,759, a relatively heavy price considering the team’s faint playoff hopes. Augustin went into the role of backup point guard amid concern that Jameer Nelson would miss the rest of the season, and Nelson still hasn’t played, so the deal has come in handy in that regard.

The Nuggets used their disabled player exception for Wilson Chandler‘s season-ending injury to accommodate the uneven exchange of salaries, applying it to Novak and his larger salary so that they could create a $135K trade exception for the difference between the salaries for Foye and Augustin, though the trade exception is so tiny that it’s virtually useless. Similarly, Axel Toupane‘s $30,888 10-day contract is but a pin prick of an expenditure in the wake of another injury, one that threatens to end the season for Danilo Gallinari. The Nuggets spent more when they gave JaKarr Sampson a prorated minimum-salary contract worth $258,489 for the rest of the season. That deal also includes a non-guaranteed minimum salary for next season. Denver neither gave up nor acquired any salary that’s guaranteed beyond the end of this season, so none of Denver’s deadline or buyout season moves necessarily have bearing on the team’s ledger for next year.

Thunder

Oklahoma City took advantage of a rare opportunity to save money and exchange two players who were out of the rotation for one who’s in it. The same $3,218,759 that represents Denver’s cost of its trade with the Thunder is the amount of Oklahoma City’s savings in raw salary, though it’s actually a windfall of significantly more for taxpaying OKC. The Thunder’s tax bill dropped a projected $7,148,705 because of the trade, and they also scored a trade exception for Novak’s $3,750,001 salary. The swap also created an open roster spot, and GM Sam Presti hinted at a willingness to use it on a signing, but so far, that hasn’t happened.

Timberwolves

It seemed for months as though the Wolves and Kevin Martin were headed for a parting of ways, though they stuck together just about as long as they possibly could. Minnesota didn’t trade Martin at last month’s deadline and the sides didn’t reach a buyout deal until the night of March 1st, the final hours before the point at which Martin would lose eligibility to appear in the postseason with another team. The financial sacrifice involved for Martin explains why. He resisted making any promise to turn down his $7,377,500 player option for next season before the deadline, reportedly dissuading would-be trade partners, but he agreed to sacrifice exactly half of the option and $352,750 of this season’s salary as part of his buyout, according to Eric Pincus of Basketball Insiders. Thus, Martin gave up a total of $4,041,500, more than anyone else in the period since the trade deadline. The Wolves are left with $3,688,750 for Martin next season, and they have a few days’ grace to decide whether to use the stretch provision to spread that evenly over the next three years or pay it all at once in 2016/17. Early indications are that Minnesota won’t stretch the salary, tweets Jon Krawczynski of The Associated Press. The Wolves also took $256,333 off their obligation to Andre Miller in his buyout, dropping their payroll to less than $1MM over the salary cap. They rolled some of that savings into a 10-day contract for Greg Smith that costs $55,722.

Trail Blazers

The Blazers predictably used their ample cap space as a depository for salary that other teams wanted to move off, taking on Anderson Varejao and Brian Roberts in a pair of trades. Look for the moves to continue, since the team is still $513,142 shy of the salary floor. The addition of Varejao in a deal that otherwise involved only draft picks added $10,256,800 to this season’s ledger, though the Cavs will pay a majority of that, including the exercised trade kicker included in that figure. Portland made use of the stretch provision to spread his salary for next season, which was almost entirely guaranteed, over the next five years at equal payments of $1,984,005, though the Cavs paid a portion of those amounts, too, because of the trade kicker. The acquisition of Roberts is much simpler since he’s on an expiring contract, but again, the Blazers don’t have to shell out for the majority of his $2,854,940 salary because he already received most of his paychecks from the Heat. Portland gave up $75K in cash to Miami as part of the Roberts deal, but the team would have had to pay that money anyway to reach the salary floor.

The Basketball Insiders salary pages were used in the creation of this post.

And-Ones: Timberwolves, Gasol, Kings

March 4th, 2016 at 8:59am CST by Chuck Myron

Talks between Timberwolves owner Glen Taylor and Grizzlies part-owner Steve Kaplan about a would-be deal for 30% of the Minnesota franchise have “hit a wall,” sources told Jon Krawczynski of The Associated Press. The proposed arrangement, which would reportedly involve Taylor eventually ceding control of the Wolves to Kaplan, isn’t dead, Krawczynski hears, but a source who spoke with Jerry Zgoda of the Star Tribune suggested no deal may ever come to pass. Kaplan has encountered trouble in his effort to sell his Grizzlies stake, a requirement before he buys into the Wolves, Krawczynski’s sources say. Regardless of what happens on that front, Taylor and Kaplan still must sort through issues about how much say Kaplan would have in hiring for the team’s GM and coaching positions and whether Taylor would indeed eventually give up control, Zgoda writes. For now, Taylor is preparing to make decisions about interim GM Milt Newton and interim coach Sam Mitchell on his own and is actively investigating his options, according to Zgoda. See more on the Wolves amid a look around the NBA:

The Timberwolves are seeking an athletic wing player for their open roster spot, with Mitchell saying he wants someone with NBA experience who’d have a legitimate chance of making the opening night roster next season, Zgoda reports in the same piece. “We have to improve our athleticism,” Mitchell said. “I don’t think we’re a bad athletic team, but we’re not as athletic as we need to be. We need to look at guys who can defend, a guy who can shoot, and see how this team can look if we can spread the floor a little bit more.”
The Bulls will have to continue to try to build a contender if they want to re-sign Pau Gasol, as he indicated to Marca.com (translation via HoopsHype), reiterating that he’ll opt out and that, all things being equal, he’d prefer to stay with Chicago. Money won’t be his first priority, Gasol also said, adding that the offer from the Bulls should nonetheless reflect that they value his performance.
The Kings interviewed former Nets assistant GM Bobby Marks on Thursday for a job within their front office, as USA Today’s Sam Amick hears (Twitter link). Marks currently works as a writer for The Vertical on Yahoo Sports.

And-Ones: Marks, Thibodeau, D-League

March 2nd, 2016 at 10:20pm CST by Eddie Scarito

The Nets received a glowing endorsement regarding new GM Sean Marks from New York Yankees GM Brian Cashman, Brian Lewis of The New York Post writes. “It’s an easy call to make when it’s about Sean Marks,’’ Cashman told Lewis. “We developed a good relationship. … Sean Marks was clearly a graduate of Pop [Spurs coach Gregg Popovich] University, a disciple. What an asset, an asset the Nets were smart enough to acquire.’’

“I recently spent two days in San Antonio, me and our mental coach Chad Bohling,” Cashman continued. “We were with Pop, [GM] R.C. Buford, Sean Marks, their performance-science analytics team. We had a chance to watch shootaround, watch the game, and Sean was someone I spent a lot of time with, developed a relationship. He’s an extremely impressive individual. I walked out of there thinking this individual will be a success. I’d want him on my team. He’s an extremely intelligent, compassionate leader. You could tell there was something special there, and shortly thereafter there were the Nets knocking on his door. There were probably going to be more knocks.”

Here’s more from around the league:

The Timberwolves still have one open roster spot after inking Greg Smith to a 10-day pact earlier today and interim coach Sam Mitchell said the team will look to bring in a player with NBA experience who would attend training camp this fall, Andy Greder of The Pioneer Press tweets.
At the request of coach George Karl, the Kings have brought in former Bulls coach Tom Thibodeau as a defensive consultant, James Ham of CSNBayArea.com relays (via Twitter). Thibodeau is expected to work with the players over the next few days, Ham adds. Sacramento is ranked dead last in points allowed, surrendering an average of 109.6 per contest.
The Raptors have recalled Bruno Caboclo and Norman Powell from their D-League affiliate, the team announced.
The Hawks have assigned center Edy Tavares to the D-League, the team announced via press release. Tavares will report to the Bakersfield Jam, the Suns’ affiliate, pursuant to the NBA’s flexible assignment rule, since Atlanta does not have its own D-League affiliate.

Timberwolves Sign Greg Smith To 10-Day Deal

March 2nd, 2016 at 3:46pm CST by Chuck Myron

WEDNESDAY, 3:46pm: The signing is official, the team announced.

TUESDAY, 2:06pm: The Timberwolves plan to sign big man Greg Smith to a 10-day contract, a league source tells Chris Reichert of Upside & Motor (Twitter link). The four-year veteran has been with the D-League affiliate of the Raptors since January, a couple of months after failing a physical that nixed his preseason contract with the Pelicans. Minnesota has an open roster spot in the wake of its buyout with Andre Miller, while talks have reportedly taken place about a buyout for Kevin Martin that would create a second roster vacancy.

It’s no surprise to see Minnesota strike a deal after interim coach Sam Mitchell complained the team was “awfully thin” up front, and while Mitchell also indicated a signing wouldn’t take place until well after today, adding a 10-day contract allows the team to preserve flexibility to sign others who might enter the market. The team also reportedly had internal discussion about signing Chris Copeland, another frontcourt player.

Smith, 25, has averaged 12.6 points and 8.0 rebounds in 28.1 minutes per game with Toronto’s D-League team, proving his health in the wake of the torpedoed deal with New Orleans. He’s shown efficiency on the boards in 131 NBA games with the Rockets and Mavs, averaging 3.4 in 12.5 minutes per game for his NBA career. The 10-day contract will pay him $59,731 and cost the Wolves $55,722. The league foots the bill for the difference.

Texas Notes: Miller, Ginobili, Parsons, Lawson

March 2nd, 2016 at 12:39pm CST by Chuck Myron

Spurs coach/president Gregg Popovich had no shortage of praise for new addition Andre Miller, who signed Monday with San Antonio following his buyout from the Timberwolves, as Jeff McDonald of the San Antonio Express-News relays. Miller is just as glad to be with the Spurs as Popovich is to have him, McDonald notes.

“He’s one of those players you look at and say, ‘Boy, I could figure out how to fit him in,’” Popovich said. “He has been such a great player for several teams, and he does the same thing (everywhere). He’s just a pro, the consummate pro.”

See more on the Spurs amid news from the Texas triangle:

Manu Ginobili is progressing much more quickly in his recovery from a testicular injury than the Spurs thought he would, Popovich said Tuesday, as Express-News scribe Melissa Rohlin chronicles. The Spurs expected Ginobili would miss at least a month when they announced that he underwent surgery February 4th, but Tony Parker hinted Tuesday that Ginobili could return next week. It’s unclear what that means for the team’s reported pursuit of fellow wing player Kevin Martin.
Chandler Parsons thinks he’s playing the best basketball of his career, and it’s clear that he’s moved past the early-season struggles he went through as he recovered from a knee injury that prematurely ended his playoff run last spring, as Eddie Sefko of the Dallas Morning News examines. Parsons is set to turn down his player option this summer and entertain an aggressive pitch from the Magic, as well as interest from the Rockets, Heat, Lakers, Nets, Knicks, Trail Blazers, Nuggets and possibly Thunder, but the Mavs remain the favorites for him, as Tim MacMahon of ESPNDallas.com reported Tuesday.
Ty Lawson‘s failure to produce for the Rockets was a product of lost confidence, people around the team told Calvin Watkins of ESPN.com (Twitter link). Houston waived Lawson in a buyout deal Tuesday.

Western Notes: Garnett, Monroe, Clippers, Kings

March 2nd, 2016 at 9:17am CST by Chuck Myron

Timberwolves interim coach Sam Mitchell won’t rule out the possibility that Kevin Garnett will miss the rest of the season with continued soreness in his right knee, as Mitchell detailed on the “NBA Today” show on SiriusXM NBA Radio (audio link). “It’s kind of a day-to-day, week-to-week thing,” Mitchell said. It’ll be Garnett’s call about whether to return to action this season, notes Darren Wolfson of 1500 ESPN Twin Cities (Twitter link). Garnett is under contract at $8MM next season, but it’s not set in stone that he’ll continue to play, so it’s conceivable that the 21st-year veteran has made his last NBA appearance. See more from the Western Conference:

The Trail Blazers made preliminary inquiries about trading for Greg Monroe before last month’s deadline, but such talks didn’t go anywhere, league sources told Zach Lowe of ESPN.com. The Blazers were one of four finalists who made maximum-salary offers to Monroe when he was a free agent this past summer.
Jeff Green sees an extra $250K if his team wins at least 54 games this season, a possibility that appeared remote when he was with the Grizzlies but is solidly in play following his trade to the Clippers, Lowe notes in the same piece. That bonus increases to $450K if the Clips hit 56 wins and $700K if they make 58, according to Lowe. L.A. is projected to pay an additional $2.50 in taxes for every extra dollar Green receives.
The lack of a ready-built arena hampered Virginia Beach’s pursuit of the Kings in 2013, as did a fragmented television market, as attorney Tom Frantz, who’s part of a push to consolidate marketing efforts among municipalties in eastern Virginia, explained to Paula C. Squires of VirginiaBusiness.com. “The [Kings] looked at Richmond to the oceanfront as one market. … They said it would have been critically important for them to come here to have one sports station covering the Richmond and Hampton Roads [Metropolitan Statistical Areas] to help promote the team,” Frantz said. Plans for a privately owned arena in the area have been approved, Squires notes.

Wolves Waive Kevin Martin In Buyout Deal

March 1st, 2016 at 11:28pm CST by Eddie Scarito

11:28pm: The Wolves have waived Martin, the team announced (Twitter link). Presumably, the official transaction took place before the 11pm Central time deadline, as previous reports indicated it would.

11:11pm: Some pessimism exists about the Mavs’ chances at Martin once he clears waivers, according to Jeff McDonald of the San Antonio Express-News.

10:38pm: The Timberwolves and shooting guard Kevin Martin have come to an agreement on a buyout deal, Marc Stein of ESPN.com reports (via Twitter). The move comes prior to the 11pm Central time deadline, so Martin will be eligible for the playoffs with any postseason-bound team he might sign with before the end of the regular season. It’s not immediately clear just how much salary the shooting guard gave up to secure his release. Martin is scheduled to earn $7.085MM this season with a $7,377,500 player option for next year. The move will give Minnesota a roster count of 13 players, two under the league maximum.

Martin was available for a trade prior to the February trade deadline, as Jon Krawczynski of The Associated Press first reported, but potential suitors were apparently reluctant to take him on without knowing what he’d do about his player option for 2016/17. GM Milt Newton said after the deadline passed without a Martin trade that a buyout discussion would probably take place between Martin and the team in the near future, and that’s apparently come to fruition.

The veteran scorer shouldn’t be out of work for long with a number of teams reportedly showing interest. The Mavericks, Cavaliers, Hawks, Heat, Rockets and Thunder are all potential suitors for the shooting guard, though the Spurs are reportedly the favorites to sign him, as Stein reported last week. The Spurs remain in front, with the Mavs, Rockets and Hawks in pursuit, according to Stein’s latest dispatch (Twitter link). San Antonio currently has the league maximum of 15 players on its roster, so a corresponding move would be required if the team inks Martin.

The 33-year-old has appeared in 39 games for Minnesota this season, including 12 starts. Martin is averaging 10.6 points, 2.1 rebounds and 1.2 assists in 21.4 minutes of action per appearance. His career numbers through 698 games are 17.6 points, 3.2 rebounds and 1.9 assists to go with a shooting line of .438/.385/.870.

Wolves, Kevin Martin On Track For Buyout

March 1st, 2016 at 9:48pm CST by Eddie Scarito

TUESDAY, 9:48pm: The two sides are expected to reach an agreement on a buyout prior to the midnight deadline this evening, Stein tweets.

SATURDAY, 2:10pm: The Spurs are emerging as the favorite to sign Martin if a buyout deal is reached, tweets Marc Stein of ESPN.com.

FRIDAY, 3:47pm: The Rockets would also be interested if Martin shakes free from Minnesota, reports Darren Wolfson of 1500 ESPN Twin Cities (Twitter link).

9:56pm: The Mavericks are interested in Martin if a buyout is arranged, but the shooting guard is more likely to sign with a contender, Tim MacMahon of ESPN.com relays (ESPN NOW link). The ESPN scribe’s source also relayed that the Cavs, Hawks, Heat and Thunder are all potential suitors for the shooting guard depending on where Joe Johnson lands.

THURSDAY, 9:22pm: The Timberwolves and Kevin Martin are engaged in advanced discussions regarding a potential buyout arrangement, Marc Stein of ESPN.com reports (Twitter link). Minnesota reached a buyout arrangement with veteran point guard Andre Miller earlier today and it would appear that Martin is the next veteran the team will set free so that he may catch on with a playoff-bound club.

Jerry Zgoda of The Star Tribune relayed earlier today that Timberwolves owner Glen Taylor would be open to discussing a buyout with the veteran shooting guard, but Martin’s side would have to initiate such talks. Martin is earning $7.085MM this season with a $7,377,500 player option for next year. To be playoff eligible for another team Martin would need to hit waivers no later than Tuesday.

It was widely reported that Martin was available for a trade before last week’s deadline, but potential suitors were apparently reluctant to take him on without knowing what he’d do about his player option for 2016/17. GM Milt Newton said after the deadline passed without a Martin trade that a buyout discussion would probably take place between Martin and the team in the near future, which has apparently come to pass. Several teams were linked to Martin before the deadline, as Hoops Rumors’ Chuck Myron noted in his trade candidate piece, including the Bucks, who reportedly made a run at him as the deadline neared.

The 33-year-old has appeared in 39 games for Minnesota this season, including 12 starts. Martin is averaging 10.6 points, 2.1 rebounds and 1.2 assists in 21.4 minutes of action per appearance. His career numbers through 698 games are 17.6 points, 3.2 rebounds and 1.9 assists to go along with a shooting line of .438/.385/.870.

Western Notes: Green, Miller, Dekker

March 1st, 2016 at 7:31pm CST by Eddie Scarito

Warriors combo forward Draymond Green issued a public apology for his halftime outburst on Saturday when things between he and coach Steve Kerr became heated, Monte Poole of CSNBayArea.com relays. “I made a mistake,” Green said. “I admitted my mistakes to my teammates and my coaching staff. I apologized to my teammates, my coaching staff [and] this organization. That wasn’t the right way to handle what needed to be handled. As a leader of this team, I can’t do that. Because it sets a bad precedent for how everything is run around here, how everything should be run, how everything has been ran and how everything will be ran going forward. It won’t happen again. It’s something where my emotions kind of got ahead of me and I let my emotions get the best of me. However, I will never quit on my teammates, as some have reported. I will never quit on my coaching staff. I will never quit on this organization.”

Here’s more from out West:

The Rockets, who reportedly reached a buyout arrangement today with point guard Ty Lawson, will likely use the available roster slot and cap space created to sign another guard, Adrian Wojnarowski of The Vertical on Yahoo Sports relays.
Andre Miller‘s buyout deal with the Timberwolves saw the team shave $256,333 off what had been an $947,276 obligation to the 39-year-old point guard, leaving Minnesota with a cap hit of just $690,943, according to Eric Pincus of Basketball Insiders (Twitter link). He’ll see $396,844 on his new minimum salary contract with the Spurs that covers the rest of the season, Pincus also shows. It represents a $250,750 cap hit to San Antonio.
The Rockets have assigned combo forward Sam Dekker to their D-League affiliate, the team announced. This will be Dekker’s third jaunt to Rio Grande Valley on the season.

Chuck Myron contributed to this post.

Spurs Sign Andre Miller

February 29th, 2016 at 5:34pm CST by Arthur Hill

MONDAY, 5:34pm: The signing is official, the Spurs announced. San Antonio earlier announced that it waived McCallum to create a roster opening.

10:49pm: The Spurs will waive third-string point guard Ray McCallum to make room for Miller, tweets Adrian Wojnarowski of The Vertical on Yahoo Sports. Miller must pass a physical before McCallum is waived (Twitter link).

6:05pm: Spurs coach Gregg Popovich refused to comment on the move until it becomes official, which cannot happen until Miller clears waivers, McDonald tweets.

5:07pm: Miller’s agent, Andy Miller, confirms his client’s intention to sign with the Spurs, tweets Jeff McDonald of The San Antonio Express-News.

SATURDAY, 4:15pm: Veteran point guard Andre Miller, who was waived by the Wolves earlier this week, will sign with the Spurs, tweets Shams Charania of The Vertical on Yahoo Sports. The signing will cost San Antonio an extra $375K under the luxury tax, tweets former NBA executive Bobby Marks. The Spurs have 15 players on their roster, so a corresponding move will be necessary.

Miller, 39, was let go by Minnesota on Thursday in an apparent buyout agreement. He had been on a one-year, veterans’ minimum contract with the Wolves. Miller averaged 3.4 points, 0.9 rebounds and 2.2 assists in 26 games this season. The Spurs will be his ninth franchise in a 17-year NBA career.

Earlier today, the Spurs were reported as the new favorite to land shooting guard Kevin Martin, who is also in buyout talks with the Wolves. It’s not certain how the Miller signing would affect their interest in Martin.