New York Knicks Rumors | Hoops Rumors

Heat Re-Sign Chris Andersen

July 19th, 2014 at 12:38pm CST by Zachary Links

JULY 19TH, 12:38pm: The Heat have announced that the signing is official.

“Chris Andersen has had two great seasons with us and without him, we would not have been able to win the 2013 NBA Championship,” said president Pat Riley. “I’m happy he decided to come back and we’re looking forward to a great season from him in the power rotation.”

10:13pm: Andersen’s deal is a two-year pact in the neighborhood of $10MM, tweets Marc Stein of ESPN.com.

JULY 13TH, 7:46pm: The Heat have reached agreement with Chris Andersen on a multi-year deal, a league source tells Adrian Wojnarowski of Yahoo Sports (on Twitter). Exact terms of the deal are not yet known.

The Cavs and Mavericks were among the teams known to have interest in Andersen. Andersen likely had interest in a reunion with LeBron, but he’ll stay put with a Heat squad that is expected to feature Chris Bosh, Dwyane Wade, Udonis Haslem, and Mario Chalmers. Jason Lieser of the Palm Beach Post (on Twitter) adds that the Knicks made a late run at the big man.

Andersen, 36, scored 6.6 points per game this past season, the second-highest total of his 12-year career. He also averaged 5.3 rebounds in 19.4 minutes per contest with an 18.5 PER as Miami’s first big man off the bench.

Eastern Notes: Knicks, Wizards, Stuckey

July 18th, 2014 at 11:33pm CST by Cray Allred

GM Steve Mills insisted the Knicks never feared they would lose Carmelo Anthony, adding that he thinks the roughly $5MM discount Anthony took over the life of his deal will indeed make a difference for the team, as Mills said during an interview on the MSG network. John DeMarzo of the New York Post rounds up his comments, including remarks in which Mills confirmed earlier reports that the team believes it has too many guards. Mills identified shooting guard as a specific position of overload and pointed to depth at power forward and center as a priority. Here’s more from out East:

When Phil Jackson, Knicks owner James Dolan and Dolan’s business partner Irving Azoff were having initial conversations about Jackson joining the Knicks, it was Azoff, the longtime music mogul, who first suggested that Jackson take on the role as team president. Jackson, along with co-author Hugh Delehanty, shared more about his return to the Knicks in an excerpt of his latest book in the New York Daily News.
Kevin Seraphin‘s acceptance of the Wizards qualifying offer doesn’t rule out other potential moves for Washington, according to J. Michael of CSNWashington.com (via Twitter). Michael mentions a scoring guard as a remaining priority for the Wizards that could result in another signing.
Vincent Goodwill of The Detroit News writes that Rodney Stuckey‘s frustrating tenure with the Pistons was emblematic of the franchise’s instability following the team’s run as a contender up through 2008. If Stuckey can deliver on the promise from early in his career, Goodwill believes the Pacers will have a bargain on their hands.

Chuck Myron contributed to this post.

Knicks Sign Jason Smith

July 18th, 2014 at 7:28pm CST by Ryan Raroque

FRIDAY, 7:28pm: The deal has been officially announced by Knicks PR.

7:37pm: Smith’s agent, Mark Bartelstein, tells Ian Begley of ESPNNewYork.com that the deal will actually be worth the team’s taxpayer mid-level exception of $3.27MM (Twitter link).

TUESDAY, 6:53pm: Jason Smith has signed a one-year contract with the Knicks worth $3.3MM, reports Shams Charania of RealGM. Smith’s representation – Priority Sports – acknowledged the deal on Twitter. New York inquired about the free agent big man earlier this month; the Pelicans renounced their rights to Smith last week.

In 31 games played and 27 starts last season, Smith averaged 9.7 PPG, 5.8 RPG, and nearly one block per game in 26.8 MPG for New Orleans. After hurting his knee in mid-January, Smith underwent knee surgery in February and did not play for the rest of the season.

Andrew Bynum Considers Sitting Out 2014/15

July 18th, 2014 at 4:15pm CST by Chuck Myron

Andrew Bynum is giving serious thought to undergoing Regenokine therapy on his troublesome knees and missing the entire 2014/15 season, agent David Lee tells Marc Berman of the New York Post. Lee insists to Berman that Knicks president Phil Jackson would have interest in signing Bynum, whom Jackson coached on the Lakers, once the oft-injured center is ready to play again.

Numerous athletes have undergone the German Regenokine therapy, but it generally doesn’t cost them quite as much time as Lee says Bynum would miss. Still, Bynum’s knees have proven remarkably fragile over the course of his nine-year career, forcing him to miss the entire 2012/13 season.

The 26-year-old is a free agent after appearing in just two games last season for the Pacers, who signed him February 1st. He spent the first half of the season with the Cavs, but he had a falling out with the team, which scrambled to trade him before his $6MM partially guaranteed salary became fully guaranteed for more than $12MM. They shipped him to the Bulls in the Luol Deng trade, and Chicago promptly waived Bynum before the guarantee deadline.

There hasn’t been much interest in Bynum, a former All-Star, since his time with the Pacers ended, as our rumors page for him shows. Bynum told TMZ last month that he’d like to play for the Lakers again. Jackson has already taken in one of his downtrodden former Lakers pupils, signing Lamar Odom late last season, but the Knicks waived him last week, with Jackson saying that Odom was “unable to uphold the standards to return as an NBA player” in the team’s statement. I’m not so sure that Jackson wants to risk going through a similar experience with Bynum.

Central Rumors: Bulls, Udoh, Oden, Jones

July 18th, 2014 at 10:30am CST by Chuck Myron

Pau Gasol said he has no worries about the health of Derrick Rose and added that the Knicks had only long shot to sign him as part of an interview with Jesus Sanchez of Marca.com, as K.C. Johnson of the Chicago Tribune translates (Twitter links). The Bulls are scheduled to introduce Gasol and Nikola Mirotic to fans in a press conference today after agreeing to deals with both this past weekend, and there’s more from Chicago amid the latest Central Division rumors:

There appears to be mutual interest between the Bulls and point guard Aaron Brooks, as Aggrey Sam of CSNChicago.com details. Sam’s story reveals that Brooks is considering the team, while the headline and Sam’s tweet indicate that Chicago is eyeing the 29-year-old point guard.
The Lakers’ winning bid for Carlos Boozer was $3.251MM, not just $3.25MM as previously reported, tweets Eric Pincus of Basketball Insiders, giving the Bulls slightly more savings than previously thought. The Bulls will be on the hook for $13.549MM of the $16.8MM remaining on Boozer’s contract, which expires next summer, but it won’t count against the salary cap for Chicago.
Ekpe Udoh has his sights set on joining a contender, and was close to a deal with the Clippers before they struck a deal with Glen Davis, USA Today’s Sam Amick reports (on Twitter). That wouldn’t appear to bode well for any chance the Bucks have of re-signing the big man, who became an unrestricted free agent when Milwaukee declined to make him a qualifying offer.
The Cavs have interest in Greg Oden, but it’s not clear if they’ve spoken with him or have any plans to do so, according to Sam Amico of Fox Sports Ohio. Still, it appears that either the Cavs, LeBron James, or both have been in touch with the free agent center this summer, Amico writes.
A lack of playing time with the Heat was one reason why James Jones decided to bolt for the Cavs, as Jones said in a radio appearance on The Ticket Morning Show in Miami, tweets Joseph Goodman of the Miami Herald.

And-Ones: Boozer, Blair, Williams, Mavs

July 17th, 2014 at 7:48pm CST by Alex Lee

With the Bulls using their amnesty provision on Carlos Boozer on Tuesday, only seven NBA players remain amnesty-eligible as noted in our 2014 Amnesty Primer. But the five teams that haven’t used the provision will have to wait until next summer, as Wednesday marked the deadline for this offseason.

Boozer was snatched up by the Lakers earlier today for a manageable price of $3.25MM, though as ESPN’s Marc Stein reports (via Twitter), the Duke product had strong interest in the Rockets had he gone unclaimed and cleared waivers. Meanwhile, Eric Pincus of the L.A. Times speculates that Boozer’s presence might signal a more complimentary role for rookie Julius Randle unless the playoff-hungry Lakers consider June’s No. 7 pick a small forward (Twitter links are here).

Here’s more from around the league on Thursday night:

DeJuan Blair‘s starting salary in his new deal with the Wizards is $2MM, Hoops Rumors has learned, so that leaves just $16K on the Eric Maynor trade exception the team reportedly used to absorb him via sign-and-trade from the Wizards. That effectively exhausts the Maynor exception, which expires this coming February 20th, since the remaining $16K wouldn’t be enough to absorb another player.
Louis Williams left his exit interview with Hawks officials expecting to be traded, as he told Chris Vivlamore of the Atlanta Journal-Constitution, who writes in a subscription-only piece. The instinct was correct, as the Hawks shipped Williams to the Raptors late last month, but Williams said he harbors no ill feelings toward the Atlanta brass.
Multiple reports have linked Mo Williams to Dallas in recent days, but a source tells Tim MacMahon of ESPNDallas.com that the Mavericks are pursuing another free agent whom they would prefer to spend their room exception on.
The Mavs‘ deal with Devin Harris, which became official earlier tonight, is for four years and $16.55MM, reports Dwain Harris of the Fort Worth Star Telegram (via Twitter). Meanwhile Eddie Sefko of the Dallas Morning News has the yearly breakdown, reporting that Harris will make $3.878MM next season, followed by $4.053MM in 2015/16, $4.228MM in 2016/17 and $4.403MM in what is a partially guaranteed fourth year in 2017/18.
Metta World Peace would love to play for the Lakers, Clippers or Knicks, as Mark Medina of the Los Angeles Daily News hears, adding that it seems any conversation World Peace may have had about a return to the Lakers wasn’t too serious (Twitter link).

Chuck Myron contributed to this post.

And-Ones: Draft, Jackson, J.R. Smith, Blair

July 17th, 2014 at 10:05am CST by Chuck Myron

The league office proposed a new lottery system for as soon as next season that would more evenly distribute the odds that non-playoff teams would have of ending up with the No. 1 overall pick, Grantland’s Zach Lowe reports. The proposal to the competition committee, which would cut the worst team’s chance from 25% to 11%, was the dominant subject of talk about lottery reform at league meetings this week, but it’s nonetheless one of many the NBA has considered, Lowe cautions. There’s more draft-related fodder among the latest from around the league:

Chad Ford of ESPN.com unveiled his top 100 top prospects list and mock draft for 2015 in a pair of subscription-only pieces. His top three players are Jahlil Okafor, Emmanuel Mudiay, and Karl Towns, Jr. Mudiay’s recent decision to withdraw from college basketball and play overseas shouldn’t much affect his draft stock, according to Ford.
Phil Jackson doubts that Jerry Buss, as has been reported, made the final decision to pass Jackson over to hire Mike D’Antoni as Lakers coach in 2012, as the Zen Master writes in an update to his latest book with Hugh Delehanty, as excerpted in the New York Daily News. Jackson also says that he spoke to the Nets, Raptors and Suns about jobs in the wake of Lakers’ choice.
J.R. Smith appeared on ESPN’s First Take Thursday, telling the hosts that he wouldn’t blame the Knicks if they traded him (transcription via Ian Begley of ESPNNewYork.com). “No. Absolutely not,” Smith said. “The way I was playing, I was playing like a person who didn’t want to be there. Not looking as focused as a person should be in that situation that we were, in the trenches. I wouldn’t blame them at all.”
DeJuan Blair went into Washington’s $2,016,000 trade exception left over from when the team traded Eric Maynor at the deadline, tweets Eric Pincus of Basketball Insiders. Previous reports had indicated that the Wizards would absorb Blair into their new $8,579,089 trade exception created through Trevor Ariza‘s sign-and-trade to Houston, but it appears the team will instead preserve that exception. Just how much of the Maynor exception Blair will take up remains to be seen, since the precise amount of Blair first-year salary has yet to be reported.

Cray Allred contributed to this post.

Carmelo Anthony To Re-Sign With Knicks

July 16th, 2014 at 2:22pm CST by Cray Allred

2:22pm: Marc Stein of ESPN.com has the figures for all five seasons (on Twitter): It’s the maximum $22,458,401 in year one, followed by a discounted raise to $22,875,000 for year two, and maximum raises that bring Anthony’s salaries to $24,559,380, $26,243,760 and $27,928,140 in the final three years. That brings the total value to $124,064,681, exactly $5,071,124 less than the maximum for which he could have signed.

8:42am: Anthony will receive his maximum salary in the first year of his deal, according to Marc Berman of the New York Post. That precise max is $22,458,401, and it allows for a raise worth $1,684,380 each season. However, Anthony’s raise for the second season of the deal is $400K, Berman reports, adding that the contract will also include a 15% trade kicker should Anthony decide to waive his no-trade clause.

7:19pm: The deal also includes a no-trade clause, according to Frank Isola of the New York Daily News (Twitter link).

TUESDAY, 7:00pm: Anthony’s contract will be for $124MM over five years, sources tell Ian Begley of ESPNNewYork.com, who adds that Anthony will have an early termination option after the fourth season. The deal – which starts at $22.5MM in the first year – includes a “slight increase” in the second year followed by “larger increases” thereafter (Twitter links).

MONDAY, 10:05am: Anthony took a discount, Jackson confirms, and while the deal is for an estimated $122-123MM, the total value remains unclear, as Marc Berman of the New York Post details.

SUNDAY, 11:54am: Phil Jackson also confirms the pending agreement via the Knicks official Twitter account (Twitter links). Jackson said, “After 3 months of questions around Carmelo Anthony’s return to the NY Knicks we are now happy to know that we have the cornerstone of what we envision as a team of excellence. Steve Mills and I have assured Carmelo through our conversations, that we share the vision and the determination to build this team.”

SUNDAY, 11:28am: Anthony has confirmed he will be returning to New York via his website. In his announcement, ‘Melo said, “This organization has supported me and in return, I want to stay and build here with this city and my team.” Contract details have not been announced yet.

1:10pm: The deal is for five years and more than $120MM, but the final amount is undetermined, and Anthony may still accept less than the max, sources tell Wojnarowski.

SATURDAY, 12:05pm: Carmelo Anthony will inform the Knicks of his decision to re-sign in New York within the coming hours, tweets Adrian Wojnarowski of Yahoo! Sports. Frank Isola of The New York Daily News first reported Anthony’s intention to return to New York earlier this week, but the former scoring champ appeared to fluctuate over the last few days in deciding between the Knicks, Lakers and Bulls. ‘Melo will sign a five-year contract. The deal will presumably be for a maximum salary of $129MM, although Knicks president Phil Jackson has suggested that there were multiple salary structures on the table for Anthony.

Anthony, ranked second in the Hoops Rumors Free Agent Power Rankings, was encouraged by the momentum Jackson had garnered the franchise, which included hiring Derek Fisher as head coach and acquiring Jose Calderon via trade. The Bulls offered ‘Melo the best opportunity to contend in the upcoming season, but were unable to offer nearly as much annual salary or as many years as New York, who exercised their Bird Rights to extend the winning bid to retain the All-Star.

The client CAA client will remain in New York for the duration of his prime, after coming to his home state in a 2011 trade from Denver. Since joining the Knicks, ‘Melo has put up some of his most effective seasons as an individual, but seen mixed results as the centerpiece for a blockbuster team. The Knicks have won a single playoff series since obtaining Anthony.

A series of poor decisions had turned the Knicks from hopeful contenders to a laughing stock to many last season, in which they finished 37-45. The hefty contracts for Anthony, Amar’e Stoudemire, Tyson Chandler, and Andrea Bargnani left the team with no cap flexibility, and a history of parting with draft selections and prospects had them headed toward the 2014 draft with no picks. However, Jackson was able to swing a series of moves that sent Chandler to Dallas and earned New York multiple second round picks.

‘Melo will hope Jackson, who has managed some of the game’s greats to many titles as a coach, can work some of the same magic as an executive. Jackson will work with Fisher to implement his triangle offense around Anthony’s strengths. Anthony’s belief in the future of New York will likely play a large part in determining his legacy, and whether he ever finds prolonged success in the playoffs. Anthony has standout averages of 25.3 PPG and 6.5 RPG for his career.

Photo courtesy of USA Today Sports Images.

Eastern Notes: Stephenson, Miller, Knicks

July 16th, 2014 at 10:15am CST by Chuck Myron

Some Pacers players attempted to persuade the team to sweeten its offers to Lance Stephenson, but the front office resisted, according to Sean Deveney of the Sporting News. Stephenson agreed early this morning to bolt for the Hornets, and as his new three-year, $27.5MM deal quickly came together, the Pacers never received the opportunity to match Charlotte’s offer, as Candace Buckner of the Indianapolis Star writes. There’s more on his deal amid the latest from the Eastern Conference:

The Mavs made a three-year $20MM offer to Stephenson, reports Adam Zagoria of SNY.tv (Twitter link). The new Hornets two-guard would have joined the Mavs instead if the Rockets hadn’t passed on matching the Mavs’ offer sheet to Chandler Parsons, according to Chris Broussard of ESPN.com.
The Pacers made two different five-year offers to Stephenson, but he rejected them both, favoring a shorter arrangement, agent Alberto Ebanks tells Buckner (Twitter link). Indiana wasn’t willing to go shorter than five years, Broussard writes in his piece.
The Nuggets had a three-year, $12MM offer on the table for Mike Miller, but he passed it up for two years and $5.5MM with the Cavs thanks to persistent entreaties from LeBron James, as Jeff Goodman of ESPN.com details.
Knicks president Phil Jackson thinks the team has too many guards, and he may end up waiving Wayne Ellington, whom New York acquired in the Tyson Chandler trade, writes Marc Berman of the New York Post.
The Jazz almost doubled the average annual value of the deal that the Wizards were willing to give Trevor Booker, according to J. Michael of CSNWashington.com.
The Hawks held on to Pero Antic through Tuesday, meaning his non-guaranteed salary for 2014/15 has become fully guaranteed for $1.25MM. The same is true for Kyle O’Quinn, whose minimum salary with the Magic went from non-guaranteed to fully guaranteed when Orlando kept him Tuesday.

And-Ones: Davis, Pacers, Thunder, Miller

July 14th, 2014 at 11:21pm CST by Eddie Scarito

Baron Davis is preparing himself for a return to the NBA this fall, reports Jared Zwerling of Bleacher Report (Twitter links). When asked what offensive system he likes, Davis said the Clippers’ and the Warriors’. Davis feels like he can play 15-20 minutes per game next year, notes Zwerling.

Here’s more from around the league:

Mike Miller is leaning towards signing with the Cavaliers, but the Nuggets are still in play for the free agent’s services, tweets Jeff Goodman of ESPN.com.
With LeBron James headed back to Cleveland, and Pau Gasol on his way to Chicago, the Central Division has gotten much tougher for the Pacers, writes Michael Marot of The Star Tribune. This makes re-signing Lance Stephenson even more of a priority, opines Marot.
Thunder assistant coach Brian Keefe will join Derek Fisher‘s coaching staff in New York, reports Darnell Mayberry of the Oklahoman.
The Thunder have to keep building their roster through the draft because the franchise is continuing to have difficulty luring free agents to Oklahoma City, writes Jon Hamm of ESPN.com.
With many of the biggest names in free agency now spoken for, Fred Kerber of The New York Post runs down the winners and losers in free agency thus far.
The Mavericks aren’t done upgrading their roster, writes Dwain Price of the Fort Worth Star-Telegram. President of basketball operations Donnie Nelson said, “We’re always looking for help in the backcourt, with an eye on 3-point shooting, and then kind of a rangy defender would be nice as well. We’re still in search of those, but those spots don’t necessarily need to be filled through free agency. Obviously there are trades and all kinds of other ways you can do that.”
The Warriors may be interested in free agent Brandon Rush, writes Diamond Leung of the Bay Area News Group. Rush averaged 9.7 PPG and 3.8 RPG in 67 games with Golden State before getting injured last season. GM Bob Myers said of Rush, “Rush was great. Everybody that’s been a fan saw how good he was for us, so if he’s healthy, and he can play, which we hear he can — we’ll go watch him and see — it’s a good addition if we could get him. You don’t know what the price would be, but we like Brandon.” The article also notes that Rush is scheduled to hold a workout for interested teams soon.