Pelicans Rumors

Pelicans Acquire Nikola Mirotic From Bulls

The Pelicans and Bulls have finalized a trade that sends forward Nikola Mirotic to New Orleans, with both clubs confirming via press releases that the deal is official. ESPN’s Adrian Wojnarowski (Twitter link) first reported that the Pelicans and Bulls had reached an agreement in principle.Mirotic vertical

The two teams appeared to be on the verge of a trade earlier this week, but hit a roadblock in the form of Mirotic’s $12.5MM team option for 2018/19. The veteran forward, who had veto rights unless that option was exercised, wanted New Orleans to pick it up, but the Pelicans were initially unwilling to do so due to concerns about their ability to retain Mirotic and re-sign DeMarcus Cousins without going into luxury tax territory.

The Pelicans have now guaranteed Mirotic’s $12.5MM salary for next season, which clinched the deal, per Wojnarowski (via Twitter). Omer Asik and a future first-round pick are headed to Chicago, as was the case in the initial agreement.

New Orleans needed to include at least one more salary to stay under a hard cap, so Tony Allen heads to Chicago too, according to Shams Charania of Yahoo Sports (Twitter link). Allen will likely be waived by the Bulls, Woj tweets.

The Pelicans will open one extra roster spot by also adding Jameer Nelson to the trade, tweets K.C. Johnson of The Chicago Tribune. Nelson may also be cut, but it probably won’t happen immediately, per Johnson, who tweets that the point guard’s future is unclear. Paxson said that there is a week left until the trade deadline so the Bulls still have time to decide on waiving players, Johnson tweets.

In order to complete a three-for-one deal, the Bulls will have to open up a roster spot, since they currently only have a single opening. Quincy Pondexter looks like the strongest candidate to be waived.

[RELATED: Bulls to waive Pondexter]

Speaking of Pondexter, according to Johnson (Twitter link), the Bulls will also be returning the Pelicans’ own 2018 second-round pick to New Orleans after initially acquiring it in a September trade that landed Pondexter in Chicago. That pick served as an incentive to convince the Pelicans to exercise Mirotic’s second-year team option, Johnson notes (via Twitter).

The first-round pick the Bulls are getting in the swap will be the Pelicans’ 2018 first-rounder, and it will have “minimal” protections, tweets Wojnarowski. TNT’s David Aldridge clarifies (via Twitter) that it’ll be top-five protected this year, while Johnson tweets that it’ll be top-eight protected in 2019. Finally, Woj adds that there will be a pick-swapping option in the 2021 draft, with the Bulls having the opportunity to swap their second-round pick for the Pelicans’ second-rounder.

“The draft asset we acquired was far and away the best thing we had got (in talks),” Bulls executive vice president John Paxson said to reporters, including Johnson. “It’s consistent with the direction and plan we talked about this summer.”

Mirotic, who has been the subject of trade rumors throughout the 2017/18 campaign, was sidelined with facial injuries to start the season after being punched by teammate Bobby Portis during an altercation in practice. Mirotic’s camp reportedly issued an ultimatum in the fall in an effort to get the Bulls to trade either Mirotic or Portis, but the power forwards were willing to bury the hatchet and coexist on the court when Mirotic got healthy.

Since returning to action, Mirotic has enjoyed the most productive year of his NBA career, averaging 16.8 PPG and 6.4 RPG to go along with a .474/.429/.823 shooting line. All of those numbers are career highs. Despite his solid play and the club’s improved record, Mirotic was still said to prefer a trade out of Chicago, and was pulled out of action this week as the Bulls attempted to finalize a deal.

As the Bulls explored the market for Mirotic, the Jazz and Pistons were cited most frequently as potential trade partners. However, Detroit landed a bigger fish on Monday, acquiring Blake Griffin from the Clippers, and Utah was reportedly unwilling to include a first-round pick in an offer for the stretch four.

The Bulls, who were said to be seeking a first-rounder for Mirotic all along, will get that pick from the Pelicans, though they’ll have to give up a second-rounder and take on an unwanted contract in the process. Asik, a former Bull, is earning about $10.6MM this season, with a guaranteed salary worth $11.29MM in 2018/19. The veteran center has one more year on his deal in 2019/20, but it’s only partially guaranteed for $3MM. Allen and Nelson are on expiring minimum salaries, so they won’t have any impact on the cap beyond this season.

As for the Pelicans, they’re set to fill the lineup hole created when Cousins went down on Friday with a season-ending Achilles injury, and they may not be done adding frontcourt help. New Orleans has been strongly linked to Greg Monroe, who is being bought out by the Suns, and Scott Kushner of The Advocate tweets that the acquisition of Mirotic won’t adversely affect the club’s pursuit of Monroe. In fact, by clearing a little salary and opening up a pair of roster spots in this deal, adding Monroe may be even more viable for the Pelicans, who have room to add two players on minimum salaries, per ESPN’s Bobby Marks (Twitter link) — still, the team may not be able to offer him as significant a role with Mirotic now in the mix.

Photo courtesy of USA Today Sports Images.

Latest On Greg Monroe

4:20pm: Monroe, whose buyout is now official, has spoken to both the Celtics and Pelicans and could make a decision within the next 24 hours, tweets John Gambadoro of Arizona Sports 98.7. If it comes down to those two teams, Monroe would have to weigh an increased role in New Orleans vs. a greater chance to win a title in Boston.

Scott Kushner of The Advocate tweeted earlier today that the acquisition of Mirotic won’t adversely affect New Orleans’ pursuit of Monroe.

11:06am: The Pelicans have gathered “significant momentum” in their pursuit of Monroe and intend to make an aggressive play for him, league sources tell Adrian Wojnarowski of ESPN. According to Wojnarowski, Pels head coach Alvin Gentry has already spoken to Monroe, who could decide on his next NBA home as soon as Friday or Saturday. Playing time will be a big factor in the veteran’s decision, Woj adds.

10:43am: The Suns and Greg Monroe reached a buyout agreement on Wednesday, according to multiple reports. However, Monroe has not yet been formally waived by Phoenix. Once he’s cut, he’ll spend two days on waivers before becoming eligible to sign with a new team, so no club with interest in the veteran center will be able to add him right away.

Still, the list of potential suitors for Monroe is growing longer. As we relayed in our initial report on Monroe’s buyout, the Celtics and Pelicans are viewed as two viable potential destinations for the big man, with the Thunder cited as a possible dark horse. TNT’s David Aldridge adds a couple more teams to that list today, tweeting that the Spurs and Wizards also have interest in Monroe.

While there are a number of teams trying to get into the mix, the buzz around the Pelicans continues to be the loudest. According to Chris Mannix of Yahoo Sports (Twitter link), there’s “strong” mutual interest between the Pels and Monroe, who is a New Orleans native. With DeMarcus Cousins out for the season due to an Achilles injury, major minutes are available in New Orleans’ frontcourt — not every suitor could necessarily offer Monroe that significant a role.

Although the Pelicans could pitch Monroe on regular minutes and the idea of a homecoming, they may find themselves at a disadvantage if other teams offer the 27-year-old more than the minimum salary. New Orleans has portions of its mid-level and bi-annual exceptions available, but is only about $1.2MM away from a hard cap, limiting the team’s ability to sweeten the pot for Monroe. By comparison, a club like the Celtics could offer up to $8.4MM, the value of their disabled player exception (though I’d be very surprised if they do so).

It’s also worth noting that the Pelicans’ reported pursuit of Nikola Mirotic could be affected by how things play out with Monroe — it’s not clear if the club would have interest in adding both players.

Suns Buy Out Greg Monroe

FEBRUARY 1, 4:06pm: The Suns have officially waived Monroe, according to a press release issued by the club. He’s on track to clear waivers on Saturday.GregMonroe vertical Getty

We rounded up several rumors on Monroe’s next landing spot earlier today.

JANUARY 31, 9:53pm: The Suns and Greg Monroe have reached an agreement on a buyout, tweets Scott Bordow of The Arizona Republic. Adrian Wojnarowski of ESPN adds that there will be “significant interest” around the league in signing Monroe to a rest-of-the-season contract once he becomes an unrestricted free agent.

The timing of the deal is a bit peculiar with the trade deadline about a week away, but Bordow surmises that a worthy deal likely wouldn’t have materialized for Monroe anyway, so the timing really didn’t matter to Phoenix. Wojnarowski adds that the Suns did in fact exhaust all trade possibilities before agreeing to the buyout.

Monroe, who was sent to the Suns earlier this season in the move that landed Eric Bledsoe in Milwaukee, had seen inconsistent minutes since arriving in Phoenix, with Tyson Chandler and Alex Len also vying for minutes at the five. Monroe has been viewed as a candidate to be traded or bought out since the Suns acquired him — a trade would have been challenging due to his $17.88MM cap hit.

Earlier in the evening, John Gambadoro of ArizonaSports.com opined that a buyout could be forthcoming after Monroe was not in attendance for tonight’s game against Dallas. Multiple sources indicate that the Celtics, who possess an $8.4MM disabled player exceptionare a team to watch in the Monroe sweepstakes, with Chris Mannix of Yahoo Sports reporting that the interest is expected to be mutual.

Helping Boston is the fact that its disabled player exception – acquired as a result of the season-ending injury to Gordon Hayward – does not prorate throughout the season. As detailed by ESPN’s Bobby Marks, this is different from the mid-level exception that most teams would utilize to offer Monroe a salary over the minimum.

In addition to the Celtics, another team said to be interested in Monroe is the Pelicans, per Bordow. New Orleans is in a position to make the playoffs and just lost All-Star DeMarcus Cousins for the rest of the season. Moreover, a potential deal for Nikola Mirotic just fell through after New Orleans refused to guarantee Mirotic’s 2018/19 salary.

New Orleans is over the cap and wouldn’t be able to offer a free agent more than the prorated portion of the bi-annual exception — even that would be tricky due to the team’s hard cap and tax ramifications. Still, Monroe is from the New Orleans area, so the Pelicans may be hoping that he is willing to take some sort of hometown discount. In addition, New Orleans could offer him a starting position, while the Celtics would almost certainly bring him off the bench.

The Thunder could also be a dark horse in the Monroe sweepstakes, according to Mannix. Meanwhile, the Bucks are ineligible to re-sign Monroe after trading him earlier in the league year.

Pistons Rumors: Failed Trades, S. Johnson, Love

The Pistons had originally planned to approach this season’s trade deadline by aggressively pursuing upgrades on the wing, writes Jake Fischer of SI.com. League sources tell Fischer that Detroit looked into several potential trade candidates around the NBA, including Danny Green, Jordan Clarkson, Tyreke Evans, Rodney Hood, and Courtney Lee. The Magic also called to discuss a deal that would have included Evan Fournier, Elfrid Payton, and Luke Kennard, per Fischer.

As a result of all that research and legwork on wing players, the Pistons came to a realization that prompted them to change direction. “It’s becoming a wing league, and not many teams are willing to move those players,” a Pistons source told Fischer. “We were willing to give up ours.”

Rather than looking to build up on their own wing depth, the Pistons decided to part with Avery Bradley and Tobias Harris in a deal that would bolster their frontcourt instead. It remains to be seen whether that approach will pay off, but the team will start to find out tonight, with Blake Griffin set to make his Pistons debut. “It’s time to make a run now,” one team source told Fischer, who notes that seven of Detroit’s eight remaining games before the All-Star break are at home.

Here’s more on the Pistons from Fischer:

  • The Pistons, who explored trading for Eric Bledsoe last summer, circled back to him in November and came “within inches” of acquiring him in a three-way deal with the Suns and Pelicans, according to Fischer. That trade, which would have included Reggie Jackson, fell through.
  • The Pistons will continue to keep an eye out for opportunities to acquire wing players, and Fischer hints that Stanley Johnson is more likely than Kennard to be included in such a deal.
  • Detroit’s front office worked with Clippers president of basketball operations Lawrence Frank and GM Michael Winger on the Griffin deal. Head coach Doc Rivers, who served as the Clippers’ head of basketball operations until this past offseason, didn’t find out about the deal until Sunday — by that point, every detail except the first-round pick protections had already been agreed upon, a league source tells Fischer.
  • If the Pistons had been unable to finalize a deal for Griffin, they were planning to shift their focus to Kevin Love, says Fischer. Obviously, that was before Love suffered his hand injury, though there’s no indication that the Cavaliers would have seriously considered moving him.

DeMarcus Cousins Has Successful Surgery

The Pelicans have officially announced that center DeMarcus Cousins underwent successful surgery today at the Southern California Orthopedic Institute in Los Angeles to repair the season-ending rupture of his left Achilles tendon that he suffered in last week’s game against Houston.

As previously reported, Cousins will miss the remainder of the 2017/18 season, but his surgery went “very well” and he is expected to make a full recovery and be able to return to basketball after an intensive rehabilitation program.

Cousins, 27, had been playing at an All-NBA level before the injury, appearing in 48 games and averaging 25.2 points, 12.9 rebounds, and 5.4 assists per game.

Latest On Nikola Mirotic

4:37pm: The Bulls will hold Mirotic out of games while they attempt to trade him, a source tells Goodwill (Twitter link). According to ESPN’s Nick Friedell (Twitter link), Mirotic won’t play until after the trade deadline or until Chicago completes a deal.

1:00pm: For a brief time on Tuesday, it appeared that the Pelicans and Bulls were about to finalize a deal that would send Nikola Mirotic to New Orleans. In fact, according to Vincent Goodwill of NBC Sports Chicago, an agreement was so close that Mirotic was pulled off the Bulls’ practice floor and left the facility, believing that his time in Chicago was ending.

Instead, the trade hit a snag — or, more accurately, a pair of related snags. Until Mirotic’s $12.5MM team option for 2018/19 is exercised, he has the ability to block any trade that involves him, and as K.C. Johnson of The Chicago Tribune tweets, the power forward is unwilling to approve a move to New Orleans without that option being picked up.

Conversely, the Pelicans like the idea of having flexibility with that ’18/19 option, since exercising it may complicate the team’s ability to sign DeMarcus Cousins to a new mega-deal. New Orleans would still have the ability to re-sign Cousins, but with both big men on board for next season, the team would likely go over the tax line, a threshold ownership has been reluctant to cross.

According to Johnson, neither Mirotic nor the Pelicans appear willing to change their stance on that $12.5MM option for now, so it’s not clear if the Bulls and Pels will be able to make a deal before the February 8 deadline. I’m somewhat surprised the option is a sticking point for New Orleans — given the way Mirotic has been playing, his $12.5MM expiring deal should be pretty tradable this July, if necessary. But perhaps the Pelicans don’t want take the risk of Mirotic suffering a major injury or having his value decline in the coming months.

With talks between the Bulls and Pelicans at an impasse, the Jazz have continued their pursuit of Mirotic, tweets Tony Jones of The Salt Lake Tribune. However, the Jazz remain reluctant to include a first-round pick in their offer, according to Jones. Goodwill adds that the Bulls are “enamored with” Utah’s Rodney Hood, but says that the Jazz have been unwilling to part with Hood in a Mirotic deal thus far.

2017/18 NBA Disabled Player Exceptions

Last month, we published an updated glossary entry outlining how the NBA’s disabled player exception functions. As we explain in that article, the disabled player exception can be granted when a team has a player go down with an injury deemed to be season-ending. The exception gives the club some additional spending flexibility, functioning almost as a cross between a traded player exception and a mid-level exception.

We go into more detail on how exactly disabled player exceptions work in the glossary entry linked above, and in a piece from earlier in the season on the Celtics’ DPE. Essentially, a DPE gives a team the opportunity to add an injury replacement by either signing a player to a one-year contract or trading for a player in the final year of his contract.

Because the rules related to disable player exceptions are somewhat restrictive, and the exceptions themselves often aren’t worth a lot, they often simply expire (this year’s deadline is March 12). According to ESPN’s Bobby Marks, only about one in four teams granted DPEs since 2007 have used them.

However, the Celtics are one team well positioned to take advantage of their DPE this season — it’s worth the maximum allowable amount ($8.4MM), the Celtics aren’t close to the tax line, they have an open roster spot, and they have a collection of extra draft picks that could be used to accommodate a trade.

While Boston may be the team most likely to use its DPE this season, there are several other clubs that have those exceptions available. Here’s a breakdown:

(Note: List updated on 2-9-18)

Teams that have been granted disabled player exceptions:

As noted above, the Celtics are the best bet to use their disabled player exception, and not just because it’s worth the most (and can therefore accommodate a wider range of potential trade targets). Even if teams like the Clippers or Pelicans identify a modestly-paid player worth acquiring, they’re unlikely to use their DPEs because of how close they are to the luxury tax line and hard cap, respectively.

Teams ineligible for disabled player exceptions:

The Grizzlies, Pelicans, and Thunder had the misfortune of having their key players ruled out for the season after the January 15 application deadline. Since they can no longer apply for a DPE, they’ll have to make do with any remaining exceptions they have. As for the Suns, a DPE to replace Knight would have been worth about $6.8MM, but Phoenix remains nearly $9MM below the cap, rendering that exception unnecessary.

Celtics Not Re-Signing Jarell Eddie For Now

Jarell Eddie‘s 10-day contract with the Celtics expired on Tuesday, but he won’t receive a second 10-day deal from the team at this point, according to Shams Charania of Yahoo Sports (Twitter link).

Eddie, who signed his contract with the Celtics on January 20, had been a lights-out shooter in the G League this season, posting 17.2 PPG and 4.1 RPG with an impressive .490/.500/.947 shooting line. While that performance earned him a contract with Boston, it didn’t earn him much playing time — Eddie appeared in two games and played just six total minutes during his 10-day stint with the C’s.

While Eddie could be brought back to Boston at some point, it makes more sense for the team to maintain flexibility by keeping its 15th and final roster spot open as the trade deadline approaches. If the Celtics don’t use that roster opening to add a player in a deadline trade, they’ll likely consider using it to add Eddie or another 10-day player later in February, while monitoring the buyout market as well.

The Celtics are just one of a handful of teams not re-signing players after expired 10-day deals, as our tracker shows. Nigel Hayes didn’t receive a second 10-day contract from the Lakers this week after his initial pact expired, and DeAndre Liggins hasn’t been re-signed by the Pelicans after playing on two 10-day deals with the club.

In Liggins’ case, it’s worth noting that a team can’t sign a player to three 10-day contracts — after the expiration of the second, the team must decide whether to sign the player for the rest of the season or let him go.

Sixers, Others Express Interest In Tyreke Evans

11:08am: While the Sixers have expressed interest in Evans, they’re hardly alone. The Celtics, Cavaliers, Pelicans, Thunder, Heat, and Rockets have all inquired on the veteran guard too, according to Keith Pompey of The Philadelphia Inquirer, who tweets that it will come down to which team is willing to meet the Grizzlies’ asking price.

10:48am: The Sixers have expressed trade interest in Grizzlies guard Tyreke Evans, league sources tell Marc Stein of The New York Times (Twitter link), However, according to Stein, Memphis continues to seek a first-round pick in exchange for Evans, and Philadelphia is reluctant to surrender one.

Evans, 28, has been enjoying one of the best years of his NBA career in Memphis this season, averaging 19.5 PPG, 5.0 APG, and 5.0 RPG with a .458/.392/.799 shooting line so far. Based on his terrific production, the Grizzlies are said to be looking for a first-rounder in any deal.

However, while Evans’ expiring contract and modest salary ($3.29MM) make him an intriguing trade piece, they also reduce his value to some extent — he would likely be a rental for any team acquiring him, since he’ll be an unrestricted free agent this summer. Evans is on track to get much more expensive, and whichever team has him at season’s end won’t have his Bird rights, limiting that club’s ability to re-sign him.

Still, the Sixers represent an interesting potential trade partner for the Grizzlies, particularly since they could end up with multiple first-round picks this spring. Chris Herrington of The Commercial Appeal speculates (via Twitter) that perhaps Memphis could pry the 76ers’ own first-round pick away from Philadelphia if the Grizzlies are willing to take on Jerryd Bayless‘ contract, which has a guaranteed $8.58MM cap hit for 2018/19.

Although salary-matching rules would prevent Memphis from trading Evans straight up for Bayless, attaching a player like Ben McLemore or Brandan Wright to Evans would make it cap-legal, Herrington notes (via Twitter). James Ennis‘ contract would also work, but Ennis is a more valuable trade chip than McLemore or Wright, so the Grizzlies likely wouldn’t want to just throw him in for salary purposes.

Pelicans’ Deal For Nikola Mirotic Falls Apart For Now

1:40pm: In his full report on the story, Wojnarowski suggests that Mirotic’s 2018/19 option is the primary source of the stalemate. Mirotic appears unwilling to sign off on the deal if his option isn’t exercised, and the Pelicans are reluctant to commit to that option due to concerns about next season’s payroll.Nikola Mirotic vertical

12:59pm: Goodwill classifies the trade as having hit a “snag,” while Johnson says the two teams remain in “advanced discussions” (Twitter links). So while nothing is officially done yet, it sounds like the deal isn’t dead either.

12:48pm: The Pelicans and Bulls had a deal in place for Mirotic, but it has fallen apart for now, reports ESPN’s Adrian Wojnarowski (via Twitter). ESPN’s Bobby Marks notes (via Twitter) that the Pelicans’ proximity to a hard cap prevented the team from trading Asik straight up for Mirotic.

If the Pelicans include another player for cap purposes, the deal could still happen, tweets K.C. Johnson of The Chicago Tribune. However, New Orleans hadn’t yet agreed to pick up Mirotic’s team option, so a trade would also require his OK, assuming the Pelicans don’t relent and agree to exercise that option.

12:40pm: The Pelicans and Bulls have reached an agreement on a trade that would send power forward Nikola Mirotic to New Orleans, according to Vincent Goodwill of NBC Sports Chicago (Twitter link). Goodwill reports that the Bulls will receive Omer Asik and a first-round pick in exchange for Mirotic.

There have been no further reports or official announcements confirming the move so far, but it’s possible the two teams are working out details related to Mirotic’s contract. His deal gives him the ability to veto trades unless his 2018/19 team option is exercised, though there was a belief that he’d give his approval to a deal if the Bulls found an offer they liked.

Mirotic, who has been the subject of trade rumors throughout the 2017/18 campaign, was sidelined with facial injuries to start the season after being punched by teammate Bobby Portis during an altercation in practice. Mirotic’s camp reportedly issued an ultimatum in the fall in an effort to get the Bulls to trade either Mirotic or Portis, but the power forwards were willing to bury the hatchet and coexist on the court when Mirotic got healthy.

Since returning to action, Mirotic has enjoyed the most productive year of his NBA career, averaging 16.8 PPG and 6.4 RPG to go along with a .474/.429/.823 shooting line. All of those numbers are career highs. Despite his solid play and the club’s improved record, Mirotic was still said to prefer a trade out of Chicago.

As the Bulls explored the market for Mirotic, the Jazz and Pistons were cited most frequently as potential trade partners. However, Detroit landed a bigger fish on Monday, acquiring Blake Griffin from the Clippers, and Utah was reportedly unwilling to include a first-round pick in an offer for the stretch four.

The Bulls, who were said to be seeking a first-rounder for Mirotic all along, appear poised to get that pick from the Pelicans, though they’ll have to take on an unwanted contract in the process. Asik, a former Bull, is earning about $10.6MM this season, with a guaranteed salary worth $11.29MM in 2018/19. The veteran center has one more year on his deal in 2019/20, but it’s only partially guaranteed for $3MM. By comparison, Mirotic will earn $12.5MM this season and has a $12.5MM team option for ’18/19.

While the Bulls did well to find a first-round pick for a player whose value looked to be on the decline just a few months ago, it’s worth questioning why the team is willing to take on a toxic contract like Asik’s to make it happen, just seven months after selling a high second-round pick to the Warriors for a mere $3.5MM.

As for the Pelicans, they’re set to fill the lineup hole created when DeMarcus Cousins went down on Friday with a season-ending Achilles injury. The move signals that New Orleans still fully intends to make a playoff push this season, pairing Mirotic with Anthony Davis in the frontcourt. The club will also have the financial flexibility to retain Mirotic on his team option next season, since it’ll only cost about $1.2MM than Asik’s guaranteed salary would have. The ability to retain Mirotic is solid insurance in the event that Cousins leaves in free agency — if Cousins re-signs, it’d be interesting to see if the Pelicans would want to carry all three players on next year’s roster.

Photo courtesy of USA Today Sports Images.