Pelicans Rumors

Mavericks To Decline Option On Dirk Nowitzki, Negotiate New Deal

The Mavericks will decline their $25MM option on Dirk Nowitzki for next season and work out a new contract, reports Marc Stein of ESPN.com.

The team is considering a two-year deal for the veteran forward, although one source tells Stein that Dallas will do “what Dirk wants.” He has previously indicated that he wants to continue his NBA career on a year-by-year basis.

Nowitzki signed a two-year deal last summer worth $50MM that contained a team option for 2017/18. Turning down that option will give Dallas more financial flexibility when free agency starts on Saturday.

The move leaves Dallas with $64.4MM in guaranteed contracts for next season, along with $55MM in cap holds for Nowitzki and Nerlens Noel, tweets Bobby Marks of The Vertical. The team could have as much as $21MM to work with, but only if Nowitzki agrees to take the $4.3MM room mid-level exception (Twitter link).

Sources tell Stein that Dallas plans to re-sign Noel and focus on its young core and won’t pursue Pelicans free agent Jrue Holiday, who has been linked to the team in past rumors.

Nowitzki has played 19 NBA seasons, all in Dallas. He remained productive this year, averaging 14.2 points and 6.5 rebounds in 54 games after returning from an early-season Achilles injury.

Wolves Plan To Target Kyle Lowry, Three Others

With Jimmy Butler now on board, the Timberwolves’ next step is an upgrade at point guard, tweets Mitch Lawrence of The Sporting News.

Toronto’s Kyle Lowry tops Minnesota’s free agent wish list, according to Lawrence, followed by New Orleans’ Jrue Holiday, Indiana’s Jeff Teague and Utah’s George Hill.

Minnesota has about $20MM in remaining cap room, so more salary would have to be unloaded to offer a max deal. One way to do that, especially if a point guard is being targeted, is to find a taker for incumbent starter Ricky Rubio, who will make $14.25MM next season and $14.8MM in 2018/19.

The Wolves had discussions involving Rubio with the Knicks at last season’s deadline and the Mavericks more recently, but both teams just picked up new point guards in the draft.

Lowry is the most likely of the four to receive maximum money. Coming off three straight All-Star appearances, the 11-year veteran made $12MM with the Raptors this season. Although limited to 60 games by injuries, he averaged a career-high 22.4 points per game.

All four teams have Bird rights on their guards, so they will have the competitive advantage of being able to offer more money and one more season than Minnesota can.

Pacers Buy 52nd Pick, Draft Edmond Sumner

11:47pm: The Pacers have officially acquired Sumner’s rights in exchange for cash considerations, the team confirmed (via Twitter).

11:03pm: The Pacers purchased the 52nd pick from the Pelicans and used it to take Edmond Sumner of Xavier, tweets Shams Charania of The Vertical.

Sumner is a 6’5″ sophomore point guard who averaged 15.0 points and 5.0 assists in 21 games this season. He suffered a torn ACL in his left knee in January and missed the rest of the season.

 

Pelicans Acquire Frank Jackson From Hornets

11:07pm: The trade is now official, according to the Hornets, who used their newly-acquired pick on Dwayne Bacon (Twitter link).

9:58pm: The Hornets drafted Duke guard Frank Jackson at No. 31 and will trade him to the Pelicans, tweets Shams Charania of The Vertical.

Charlotte will receive pick No. 40 in return, along with cash. The selection they used to on Jackson was acquired from the Hawks in Tuesday’s Dwight Howard trade. The Hornets sent pick No. 41 to Atlanta in that deal, so they are essentially back where they started.

A 6’4″ combo guard, Jackson averaged 10.9 points, 2.5 rebounds and 1.7 assists per game during his lone season at Duke.

Draft Night Rumors: Holiday, Smith Jr., Butler, Cavs

9:14pm: In response to Amico’s note below, Channing Frye has posted an Instagram message dismissing the idea that he’s planning to retire.

Meanwhile, Mavs president Donnie Nelson also addresses an item below, telling reporters that he thinks the Dennis Smith Jr. pick means the Mavs likely won’t target a point guard in free agency (Twitter link via Damon R. Marx of The Dallas Morning News).

8:28pm: The Mavericks may not be ready to hand their offense over to No. 9 pick Dennis Smith Jr. The team still plans to make a run at Pelicans‘ point guard Jrue Holiday once free agency begins, tweets Jonathan Givony of Draft Express. A former All-Star in Philadelphia, Holiday will be seeking a significant raise after making less than $11.3MM this season. The 27-year-old averaged 15.4 points and 7.3 assists in 67 games.

There’s more news from an eventful draft night:

  • Dallas coach Rick Carlisle offered a different perspective, posts Tim MacMahon on ESPN Now. Before being asked, Carlisle told reporters that he sees Smith as an immediate starter, noting his blend of intelligence, maturity and athleticism. “We believe he’s going to be a tremendous player for us and right away,” he said.
  • Carlisle added that the Mavs definitely preferred Smith over French point guard Frank Ntilikina, who was taken by the Knicks at No. 8. The coach said there was “uproarious” applause in the Dallas draft room when New York’s pick was announced (Twitter link).
  • In negotiations for Jimmy Butler, the Celtics refused to part with their No. 3 pick this year or the Nets‘ pick for 2018, according to K.C. Johnson of The Chicago Tribune (Twitter link). Butler was shipped to Minnesota in a deal involving the No. 7 pick, and the Celtics may send Jayson Tatum, whom they drafted at No. 3, to Indiana in a trade for Paul George.
  • Cavaliers veterans Channing Frye and Richard Jefferson may retire this offseason, relays Sam Amico of AmicoHoops (Twitter link). If they do, it will reduce the salary commitment in Cleveland and open up two roster spots, giving the new GM some flexibility. Frye, 34, made more than $7.4MM this season, while Jefferson, who turned 37 yesterday, collected a little more than $2.6MM.

Trade Rumors: Nuggets, Butler, Dudley, Drummond

The Nuggets, who spoke to the Bulls at the February trade deadline about Jimmy Butler, have engaged with Chicago again as the draft approaches, a source tells Jeff Goodman of ESPN. According to Goodman, any offer Denver makes obviously wouldn’t include Nikola Jokic, but would feature multiple young players and draft picks.

Butler, of course, has reportedly indicated that he wants to remain with the Bulls. And while a fondness for Chicago and his Bulls teammates may play a part in that stance, he’s also aware that he’ll no longer be eligible for a potential Designated Veteran Extension if he’s traded. Butler would be eligible for that super-max extension if he earns an All-NBA nod next year, but only if he remains on the Bulls, which is the “real reason” he doesn’t want to be moved, tweets Chris Broussard of Fox Sports 1.

Here are a few more trade rumors from around the NBA as the draft inches closer:

  • The Suns have talked to the Pelicans about a potential Jared Dudley trade, according to John Gambadoro of Arizona Sports 98.7 (Twitter link), who adds that any deal would likely involve second-round picks. New Orleans may not have the cap room to absorb Dudley’s $10MM salary outright, so the Pelicans may have to send out a contract or two in a possible swap.
  • Although there have been whispers about Sacramento’s interest in Andre Drummond, a deal between the Kings and Pistons remains unlikely at this point, tweets Sam Amick of USA Today. Vince Ellis of The Detroit Free Press adds (via Twitter) that he has been told multiple times that any Drummond trade is unlikely, though that could change.
  • Amick passes along another note on the Kings, tweeting that while Sacramento plans to use pick at No. 5, there’s a chance the team will move the No. 10 selection in order to land a player and a later pick.
  • A source tells Jason Quick of CSNNW.com (Twitter link) that there’s “no way” the Trail Blazers acquire LaMarcus Aldridge from the Spurs.

Wizards Acquire Tim Frazier From Pelicans

8:32pm: The trade is official, the Pelicans confirmed in a press release.

7:32pm: The Wizards and Pelicans have agreed to a trade that will send guard Tim Frazier to Washington, reports Michael Scotto of Basketball Insiders. According to Scotto (via Twitter), the Pelicans will receive this year’s No. 52 overall pick in the deal.Tim Frazier vertical

Frazier, 26, signed a two-year contract with the Pelicans last summer after impressing the team in a brief 2015/16 audition. He appeared in a career-high 65 games (35 starts) for New Orleans this past season, acting as the starting point guard early in the year when Jrue Holiday was unavailable, then re-entering the starting lineup late in the season after the Pelicans traded several guards. For the season, Frazier averaged a respectable 7.1 PPG and 5.2 APG.

Despite a solid year for the Pelicans, Frazier apparently wasn’t in the team’s plans going forward. New Orleans will send the Penn State product to the Wizards, who have been in the market for a point guard capable of backing up John Wall after Brandon Jennings and Trey Burke underwhelmed in 2016/17.

Frazier will be an inexpensive bench option for the Wizards, who will be on the hook for his modest $2MM salary next season. Although Washington is currently well over the cap, the team can take on Frazier using a traded player exception created in a February deal with the Nets.

That trade exception, worth approximately $2.5MM, will be used to absorb Frazier’s current salary of $2.09MM. Meanwhile, the Pelicans will create a TPE worth Frazier’s salary, though that exception will disappear in July if the team uses cap room.

With Frazier no longer in the picture, the Pelicans have two guards – E’Twaun Moore and Quincy Pondexter – on guaranteed contracts for 2017/18, with two more – Jordan Crawford and Quinn Cook – on non-guaranteed deals. Fortifying the backcourt and potentially re-signing Holiday will be top priorities for New Orleans this summer.

Photo courtesy of USA Today Sports Images.

Five Key Offseason Questions: New Orleans Pelicans

The New Orleans Pelicans had the appearance of a budding powerhouse two seasons ago. Carried by superstar big man Anthony Davis, they made the playoffs in 2015 with a young core of players. Later that spring, they fired Monty Williams and replaced him with Warriors assistant and offensive guru Alvin Gentry with the expectation of making deep playoff runs.

Heading into the summer of 2017, the Pelicans are at a crossroads. A combination of injuries, questionable roster decisions, and underperforming players have led to two consecutive losing seasons.

The surprising and bold move to acquire DeMarcus Cousins at the trade deadline didn’t pay immediate dividends. But the combination of Cousins and Davis makes the Pelicans one of the most intriguing teams in the league.

Here’s a look at the major questions confronting the club this offseason:

NBA: Houston Rockets at New Orleans Pelicans1. Can the Pelicans sign unrestricted free agent Jrue Holiday?

The Pelicans have made it clear they want to re-sign Holiday, who has been highly productive when he’s been able to stay out of the trainer’s room. Holiday hasn’t played more than 67 games in the past four seasons, but averaged 15.4 PPG and 7.3 APG in 2016/17.

All indications suggest the Pelicans believe Holiday is the point guard who can keep both Davis and Cousins happy in the Twin Towers attack.

The Pelicans hold Holiday’s Bird rights, allowing them to offer more money and years than any other club. They’ll still have stiff competition for his services. It has been reported that the Mavericks covet Holiday and will make him a substantial offer, and other suitors figure to be in the mix as well.

There are several other starter-level floor leaders on the market if Holiday decides to go elsewhere. Losing Holiday wouldn’t necessarily be disastrous, but the Pelicans would prefer to have continuity at that all-important spot.

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Mavs Serious Contenders To Sign Jrue Holiday, Justin Holiday

The Mavericks have emerged as serious contenders to sign point guard Jrue Holiday in free agency, according to Jake Fischer of SI.com (Twitter links). Fischer reports that Dallas is also a contender to sign free-agent-to-be swingman Justin Holiday, which would allow the Holiday brothers to play on the same team.

A report in early March quoted Justin Holiday as saying that it would be a “dream come true” to play with his younger brother Jrue. With both players set to hit the free agent market this summer, it appears they’ll get a chance to make that dream a reality, though there’s certainly no guarantee that a team making a strong offer to one brother will want to add the other as well.

The Mavs, however, would make some sense as a destination for both Holidays. Dallas has long been in the market for a point guard in the future, having struck out on top free agents at the position – including Mike Conley in 2016 – for the last last several years. Jrue Holiday would be a nice addition to the Mavs’ backcourt, while Justin could help fill a hole created in the team’s rotation when Justin Anderson was traded to Philadelphia.

[RELATED: 2017 Offseason Salary Cap Digest: Dallas Mavericks]

It remains to be seen whether the Mavs will have the cap room necessary to accommodate both Holidays, though the club could get creative to make some space. Currently, Dallas has about $60MM in guaranteed salary on its books for 2017/18, which doesn’t include Nerlens Noel‘s cap hold worth nearly $11MM, Dirk Nowitzki‘s team option worth $25MM, or a handful of other non-guaranteed salaries.

The Pelicans are expected to aggressively try to retain Jrue Holiday, so the Mavs will have some competition from at least one division rival for the veteran point guard.

P.J. Dozier To Work Out For Pelicans

  • South Carolina prospect P.J. Dozier, who worked out for the Hornets today, will audition for the Pelicans and Hawks next, tweets Chris Vivlamore of The Atlanta Journal-Constitution.