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Forbes Releases 2020 NBA Franchise Valuations

February 11th, 2020 at 11:44am CST by Luke Adams

The Knicks have had a miserable 12 months, finishing the 2018/19 season with a league-worst 17 wins, missing out on their top free agent targets, and then firing head coach David Fizdale and president of basketball operations Steve Mills during the 2019/20 season.

None of that seems to have had a noticeable impact on the team’s market value though. Once again, the franchise is considered the most valuable of any of the NBA’s 30 clubs, according to a report from Kurt Badenhausen of Forbes. The Lakers and Warriors aren’t far behind, having both surpassed the $4 billion mark for the first time this year.

For the first time, all 30 NBA teams have a perceived worth of $1.3 billion or more, per Forbes’ annual report. Every team’s value increased by at least 6% since Forbes put out their 2019 valuations last February, with a handful of franchises jumping by 20% or more.

The NBA-wide average of $2.12 billion per team in 2020 is also a new record — that league-wide average surpassed the $2 billion mark for the first time. NBA franchise values are up almost sixfold over the last decade, according to Badenhausen.

Here’s the full list of NBA franchise valuations, per Forbes:

New York Knicks: $4.6 billion
Los Angeles Lakers: $4.4 billion
Golden State Warriors: $4.3 billion
Chicago Bulls: $3.2 billion
Boston Celtics: $3.1 billion
Los Angeles Clippers: $2.6 billion
Brooklyn Nets: $2.5 billion
Houston Rockets: $2.475 billion
Dallas Mavericks: $2.4 billion
Toronto Raptors: $2.1 billion
Philadelphia 76ers: $2 billion
Miami Heat: $1.95 billion
Portland Trail Blazers: $1.85 billion
San Antonio Spurs: $1.8 billion
Sacramento Kings: $1.775 billion
Washington Wizards: $1.75 billion
Phoenix Suns: $1.625 billion
Denver Nuggets: $1.6 billion
Milwaukee Bucks: $1.58 billion
Oklahoma City Thunder: $1.575 billion
Utah Jazz: $1.55 billion
Indiana Pacers: $1.525 billion
Atlanta Hawks: $1.52 billion
Cleveland Cavaliers: $1.51 billion
Charlotte Hornets: $1.5 billion
Detroit Pistons: $1.45 billion
Orlando Magic: $1.43 billion
Minnesota Timberwolves: $1.375 billion
New Orleans Pelicans: $1.35 billion
Memphis Grizzlies: $1.3 billion

The Raptors are among this year’s big “winners,” with their value rising 25%, from $1.675 billion a year ago to $2.1 billion this year following their first NBA championship. The Clippers also had a noteworthy bump, moving from ninth place on Forbes’ list to sixth after landing Kawhi Leonard and Paul George last summer.

Although every franchise’s value increased, the Nets had the smallest jump, just 6%. The Magic‘s modest 8% increase resulted in the team slipping from 23rd on last year’s list to 27th this year.

It’s worth noting that when a franchise has been sold in recent years, the price often exceeds Forbes’ valuation, so these figures are just estimates.

Magic Recall Melvin Frazier Jr.

February 10th, 2020 at 9:19pm CST by Alex Kirschenbaum

The Magic have recalled second-year shooting guard Melvin Frazier Jr. from their Lakeland G League affiliate, per the team’s social media. Frazier has logged time in 14 games with the Magic this season.

James Ennis Seeks Stability, Steve Clifford Fined

February 9th, 2020 at 9:29pm CST by JD Shaw

Magic forward James Ennis hopes to find some stability with his new team, Luis Torres of the Orlando Sentinel writes. Ennis, a proven six-year NBA veteran, saw his playing time suddenly decrease in Philadelphia and was traded to Orlando in exchange for a second-round pick last week. Ennis consulted with family members and agent Scott Nichols of Rize Management before ultimately waiving his no-trade clause and accepting the trade. “It came down to what was best for me,” Ennis said. “I gave up a lot in the summer to go [back] to Philly so it was time for me to be selfish. When I saw Orlando wanted me, I was like, ‘I’m gonna go there.’ I feel like it’s a good fit.”
Magic head coach Steve Clifford was fined $25,000 by the NBA for verbally abusing game officials, the league announced in a press release. The incident occurred at the end of the team’s loss in New York last Thursday.

Magic Sign Gary Clark For Remainder Of Season

February 8th, 2020 at 10:50am CST by marksuleymanov

10:50am: The Magic have officially signed Clark to his new deal, according to a press release issued by the team.

8:41am: The Magic will sign forward Gary Clark for the remainder of the season, sources tell Yahoo Sports’ Chris Haynes (Twitter link). Clark inked a pair of 10-day deals with the Magic in recent weeks after being waived by the Rockets.

Clark, 25, has appeared in nine games for Orlando over the course of his two 10-day pacts. He has averaged 2.9 PPG and 3.1 RPG in 13.4 minutes per contest for the Magic.

After emerging as a solid rotation piece for the Rockets last season, Clark saw his minutes decrease in Houston before he was waived. Clark was one of three players on Houston’s roster without a guaranteed contract and was the most expendable at the salary guarantee deadline last month.

Free Agent Stock Watch 2020: Southeast Division

February 7th, 2020 at 10:27pm CST by Dana Gauruder

Every week, Hoops Rumors takes a closer look at players who will be free agents or could become free agents next offseason. We examine if their stock is rising or falling due to performance and other factors. This week, we take a look at players from the Southeast Division:

Davis Bertans, Wizards, 27, PF (Up) – Signed to a two-year, $14.5MM deal in 2018
The fact that the Wizards set such a high price on the unrestricted free agent, reportedly asking for two first-rounders and possibly more, shows how much Bertans is valued by the organization and other clubs. He’s averaging 15 PPG, albeit for one of the league’s worst teams, but his 3-point shooting is craved around the league. Big guys who can shoot 42.9% from deep, as Bertans has the past two seasons, command a high price tag. Washington desperately wants to re-sign Bertans and hopes the loyalty it showed will have an impact this summer. But the Wizards will have plenty of competition for his services.

Treveon Graham, Hawks, 26, SG (Down) – Signed to a two-year, $3.16MM deal in 2018
Graham was tossed into the deal that sent Allen Crabbe to the Timberwolves last month. Perhaps the only thing surprising about Graham is that he wasn’t thrown into another trade by the very active Atlanta front office. He received steady playing time with Minnesota (20.1 MPG), including 20 starts, but his impact on the Hawks has been minimal. He’s scored a total of 12 points in nine appearances. Graham just isn’t enough of an offensive threat and defenses don’t have to respect him on the perimeter. He becomes an unrestricted free agent at the end of the season and he’ll be looking at minimum deals at best.

Michael Kidd-Gilchrist, Hornets, 26, SF (Down) – Signed to a four-year, $52MM deal in 2016
Oh, how the mighty have fallen.. Yes, the second overall pick in the 2012 draft is still in the league. In fact, he’s just 26 years old. Injuries sidetracked MKG’s career but a bigger issue is his lack of an offensive game. Ben Simmons can get a max contract without a 3-point shot because of his wondrous playmaking skills and defensive versatility. A 6’6” forward without an outside shot is a dinosaur into today’s NBA. MKG has appeared in just 12 games this season and hasn’t seen the floor since late December. Charlotte’s front office is just counting the days to get his contract off its books.

Jae Crowder, Heat, 29, SF (Up) – Signed to five-year, $35MM deal in 2015
Crowder was quietly enjoying one of his best seasons with the Grizzlies before getting dealt to Miami just before the deadline. He started regularly for Memphis despite modest offensive numbers (9.9 PPG on 36.8% shooting), finding other ways to contribute. He was averaging career highs in rebounding (6.2 RPG) and assists (2.8 APG) along with playing his usual solid defense. It will be interesting to see how coach Erik Spoelstra incorporates Crowder into the rotation but the impending unrestricted free agent will get an opportunity to show his value on a now serious Eastern Conference contender.

James Ennis, Magic, 29, SF (Down) – Signed to a two-year, $4MM deal in 2019
Ennis’ playing time had diminished before the Sixers, who acquired perimeter shooters from the Warriors, found a new home for the journeyman forward. The Magic were willing to give up a second-round pick in order to secure Ennis’ services. Orlando president Jeff Weltman said Ennis will add “shooting, athleticism, and toughness” to the team, so from all indications he’ll jump right into the rotation. Ennis is an adequate perimeter shooter and a factor in the open floor. Ennis holds a $2.13MM player option on his contract next season and could choose to opt out with a strong finish.

Photo courtesy of USA Today Sports Images.

NBA Teams With Open Roster Spots After Trade Deadline

February 7th, 2020 at 4:28pm CST by Luke Adams

The 2020 NBA trade deadline has come and gone, so teams that had been holding open roster spots in case they needed them before a last-minute deal can now fill those openings, if they so choose. The Nets did exactly that today — after holding their 15th roster spot open through the deadline, they signed Timothe Luwawu-Cabarrot to a multiyear contract today to fill it.

While Brooklyn no longer has an open roster spot, a number of teams around the league still do. Here’s a quick breakdown of which clubs fit that bill and what their roster situations are, with their roster openings noted in parentheses:

Golden State Warriors (3): The Warriors initially had six roster openings, but signed Juan Toscano-Anderson and promoted Ky Bowman and Marquese Chriss to fill three of them. Zach Norvell and Jeremy Pargo are expected to sign 10-day deals, allowing Golden State to get to the league-mandated minimum of 14. The Dubs will probably keep their 15th slot open as they attempt to stay below the tax line.
Cleveland Cavaliers (2): Alfonzo McKinnie agreed to a long-term contract with the Cavaliers and will fill one of their two open spots once his deal becomes official. However, the team could re-open that second slot this weekend when Marques Bolden‘s 10-day contract expires.
Houston Rockets (2): The Rockets figure to keep a close eye on the buyout market as they look to reinforce their depth. They’ll have up to two weeks to get back to at least 14 players.
Atlanta Hawks (1): The Hawks opened a roster spot by trading Jabari Parker and Alex Len to Sacramento for Dewayne Dedmon. They’re not anywhere near the tax, so I’d expect them to fill that opening soon with a young player, either on a 10-day deal or a rest-of-season contract.
Los Angeles Clippers (1): The Clippers opened up one roster spot by trading Derrick Walton. They’re expected to open up a second by waiving Isaiah Thomas, a move that isn’t yet official. Like Houston, the Clips figure to scour the buyout market in an effort to fill its roster. Darren Collison is also an option if he decides to make a comeback.
Oklahoma City Thunder (1): The Thunder stood pat at the deadline and seem unlikely to fill that final roster spot anytime soon, since a 15th man would increase their projected tax bill.
Portland Trail Blazers (1): The same goes for the Trail Blazers, who remain in the tax even after moving Skal Labissiere for nothing at the deadline.
Denver Nuggets / Memphis Grizzlies / Orlando Magic (0): The Nuggets, Grizzlies, and Magic don’t currently have roster openings, but likely will soon. Denver is expected to waive Gerald Green, Memphis reportedly doesn’t intend to keep Dion Waiters, and Gary Clark‘s 10-day contract with Orlando will expire tonight.

Note: These roster counts are up to date as of the time of publication. This list is just a snapshot and won’t be updated to reflect subsequent moves, but our roster counts page will be.

Sixers Trade James Ennis To Magic

February 6th, 2020 at 4:03pm CST by Arthur Hill

4:03pm: The trade is now official, the Magic announced in a press release. President of basketball operations Jeff Weltman said in a statement that Ennis will add “shooting, athleticism, and toughness” to the team.

Orlando also confirmed the release of Amile Jefferson, which we noted in a separate story.

2:00pm: The Sixers have reached an agreement to trade James Ennis to the Magic in exchange for a second-round pick, tweets ESPN’s Adrian Wojnarowski.

Ennis’ approval was required to complete the deal, adds Bobby Marks of ESPN (Twitter link). He has veto power over any trade because he’s on a one-year Bird restriction.

Philadelphia will receive the Lakers’ 2020 second-rounder in return, according to Josh Robbins of The Athletic (Twitter link). It would be 59th overall if L.A. remains in its current position in our Reverse Standings.

Because Orlando has a full roster, an opening must be created before the deal can be finalized. The most likely move is an early termination for Gary Clark‘s second 10-day contract, which expires tomorrow night.

The Sixers needed to clear two players off their roster after agreeing to a deal last night with the Warriors that will bring Alec Burks and Glenn Robinson III in exchange for three second-round picks.

Magic To Waive Forward Amile Jefferson

February 6th, 2020 at 3:10pm CST by Dana Gauruder

The Magic plan to waive forward Amile Jefferson, Josh Robbins of The Athletic tweets.

Orlando needs to open up a roster spot to make room for incoming forward James Ennis. The Magic agreed to acquire Ennis from the Sixers for a second-round pick on Thursday.

Jefferson, 26, has made 18 mostly brief appearances with the Magic this season, averaging 0.8 PPG and 1.3 RPG in 4.1 MPG. He also appeared in 12 games with Orlando last season.

Jefferson signed a two-year contract with Orlando in early November after playing for the team on a two-way deal last season. However, the second year of the minimum contract was not guaranteed. Jefferson, who was on a two-way contract with the Timberwolves for a good portion of the 2017/18 season, spent a majority of this season in the G League.

With Jefferson on his way out, it appears Orlando will retain Gary Clark for now. His second 10-day contract with the club expires on Friday night, so the club would have to re-sign him to a rest-of-season deal to keep him beyond that point.

Deadline Rumors: Warriors, Oubre, Valentine, J. Robinson

February 6th, 2020 at 1:33pm CST by Arthur Hill

The Warriors remain in the market for further deals after reaching agreement on a trade that sends D’Angelo Russell to Minnesota for Andrew Wiggins, tweets Monte Poole of NBC Sports Bay Area. If nothing else happens today, more roster shake-up is expected this summer.

Antony Slater of the Athletic notes that Golden State has traded six of the 14 players on its roster in the past two weeks (Twitter link). In addition to Russell, Willie Cauley-Stein, Alec Burks, Glenn Robinson III, Omari Spellman and Jacob Evans have all found new homes.

There’s more deadline-related news to pass along:

The Suns are listening to offers for Kelly Oubre, but aren’t close to making a deal, tweets Marc Stein of The New York Post. The Magic are among the teams that have made a call to Phoenix.
The Bulls aren’t any closer to trading Denzel Valentine, relays K.C. Johnson of NBC Sports Chicago, (Twitter link).
The Wizards are hoping to acquire Jerome Robinson from the Clippers, tweets David Aldridge of TNT. They liked Robinson in the 2018 draft, but he wound up in L.A.
The Knicks contacted the Pacers about point guard Aaron Holiday, according to Ian Begley of SNY.tv. The attempt was made before Steve Mills was fired as team president, and it’s unclear if there has been any more discussion. Indiana reportedly brought up veteran forward Marcus Morris, who is headed to the Clippers, as part of the return.

Amick’s Latest: Rockets, Len, D-Lo, Bogdanovic, Pistons

February 5th, 2020 at 3:52pm CST by Luke Adams

The Rockets remain on the lookout for a center who can help the team fill the hole that will be created when Clint Capela is officially sent to Atlanta, writes Sam Amick of The Athletic. According to Kelly Iko of The Athletic (via Twitter), Houston is moving closer to a deal for a center and is in talks with a pair of Eastern Conference teams.

Both Amick and Iko indicate the Rockets have shown a willingness to take on some “bad” salary if it helps them acquire an asset or two.

Once the four-team trade involving Capela is officially complete, Houston will have limited flexibility to acquire a center or absorb an unwanted contract. However, until that point, the Rockets could try to fold a separate trade into that four-team deal, which would allow them to take back up to $12MM+ in additional salary (up to $5.8MM before reaching the tax line).

Alex Len is one potential fit for the Rockets, according to John Hollinger of The Athletic, who suggests that the Hawks would want at least a second-round pick for Len. Since Atlanta is already part of the Rockets’ four-team trade, this could be simpler than bringing a fifth club. But I wonder if the Hawks would want to get back the 2024 second-rounder they’re sending to the Rockets in addition to acquiring a separate second-rounder for Len.

Here’s more from Amick and Hollinger:

A source confirmed to Amick that the Knicks continue to pursue D’Angelo Russell, but said none of New York’s offers have been “even remotely appealing” to the Warriors.
Kings swingman Bogdan Bogdanovic is generating “serious” interest, but a source says the Kings are still happy to keep Bogdanovic and attempt to re-sign him in free agency, according to Amick. As of this afternoon, Sacramento wasn’t discussing a Kyle Kuzma deal with the Lakers, but many teams around the NBA have registered interest in Bogdanovic, including the Sixers and Hornets, Amick notes.
The Pistons are “open for business” and willing to discuss just about anyone, per Amick and Hollinger. However, a source with knowledge of the situation downplayed the idea that Derrick Rose will be moved before the deadline.
The Magic are unlikely to do anything too significant, but remain in the market for “good, young perimeter help,” says Hollinger.