Sixers Rumors

Rockets Trade James Ennis To Sixers

9:49pm: The trade between the Rockets and Sixers centered around Ennis is official, both teams announced in press releases. Houston traded Ennis to Philadelphia in exchange for the rights to swap the Rockets’ 2021 second-round pick for the Sixers’ 2021 second-rounder.

The 76ers also confirmed the release of Richardson, who was acquired in a separate deal with Toronto this week.

11:45am: The Sixers will waive Richardson to open up room for Ennis, tweets Derek Bodner of The Athletic.

11:11am: The Rockets and Sixers have reached an agreement on a trade that will send James Ennis to Philadelphia, reports Shams Charania of The Athletic (via Twitter). According to Charania, Houston will receive the right to swap 2021 second-round picks with the 76ers (Twitter link).

The Rockets signed Ennis to a two-year, minimum salary contract during the 2018 offseason in the hopes that he could help fill the void on the wing created when the team lost Trevor Ariza and Luc Mbah a Moute in free agency.

The 28-year-old Ennis battled some injuries during his time with the Rockets, but was a solid contributor in the 39 games he played. In 23.6 minutes per contest, he averaged 7.4 PPG on .500/.373/.714 shooting. However, with Iman Shumpert set to arrive in Houston as a result of a three-team trade with Sacramento and Cleveland, it appears the Rockets are willing to move on from Ennis.

The Sixers, meanwhile, will add a solid bench piece at a low cost after sacrificing some depth in their acquisition of Jimmy Butler earlier in the season. It’s unclear how much playing time Ennis will get in Philadelphia, but I’d expect him to see minutes for the second unit in a three-and-D role.

The 76ers will be able to add Ennis to their roster without sending out any salary, since he’s on a minimum deal, though they’ll need to make a corresponding move to open up a roster spot. Malachi Richardson and Justin Patton look like the most expendable pieces on the roster.

As for the Rockets, they started the week at 14 players and had been poised to take on an extra man in their deal with the Kings and Cavs. Moving Ennis will get them back to 14 and will slightly reduce their projected luxury tax bill. They’ll also create a modest trade exception worth Ennis’ salary ($1,621,415).

The exact details on the pick swap rights aren’t yet known — the Rockets may simply get the chance to swap out their pick for the Sixers’ selection during the 2021 second round, but Philadelphia also holds ’21 second-rounders from Denver and New York, so it could be more complicated than that.

Photo courtesy of USA Today Sports Images.

Magic Acquire Markelle Fultz From Sixers

6:58pm: The Sixers have officially traded Markelle Fultz to the Magic for Jonathon Simmons, a protected 2020 first-round pick and 2019 second-round pick, the teams announced in press releases.

“We are extremely excited to welcome Markelle [Fultz] to the Magic family,” president of basketball operations Jeff Weltman said. “This is an incredible opporunity for us to add a former No. 1 draft pick to our roster and to add depth to our backcourt. We will provide Markelle with the best possible support at his own pace and look forward to his future contributions.”

1:45pm: The Sixers are trading former No. 1 overall pick Markelle Fultz to the Magic, reports ESPN’s Adrian Wojnarowski (via Twitter). In exchange, Philadelphia will receive Jonathon Simmons, a future Thunder first-round pick, and a future Cavs second-rounder from Orlando, tweets Kevin O’Connor of The Ringer.

It’s a huge decision for the 76ers, just a year and a half after then-GM Bryan Colangelo sent the No. 3 pick (Jayson Tatum) and a future first-rounder to Boston in exchange for the right to select Fultz first overall.

The former Washington standout has barely seen the court since then, having been sidelined by shooting issues that some observers believe are mental. Fultz was diagnosed with Thoracic Outlet Syndrome in December and continues his rehab process.

A source tells Keith Smith of Yahoo Sports (Twitter link) that Orlando will be patient with Fultz, taking the long view and potentially sitting him out the rest of this season if needed. However, the club will continue pushing for a playoff spot in the East this season.

Smith suggests (via Twitter) that the Magic opted to include the Thunder first-rounder in the deal so they’d only part with Simmons rather than Terrence Ross — Ross will remain with Orlando and help the team’s efforts to make the postseason.

The Thunder pick involved in the swap is OKC’s 2020 selection, which is top-20 protected and will turn into 2022 and 2023 second-rounders if it’s not conveyed next year. The pick, which was originally traded to Philadelphia for Jerami Grant, was subsequently sent to Orlando in a draft-night trade in 2017 for Anzejs Pasecniks. Now it’s headed back to Philadelphia.

The second-round pick included in the deal is technically the most favorable of Cleveland’s, Orlando’s, Houston’s, or Portland’s 2019 second-rounders. For now, that projects to be the Cavs’ pick.

In addition to those draft assets, the Sixers will acquire Simmons, a wing with some size who can immediately step into the club’s rotation. In 41 games this season for Orlando, Simmons averaged just 6.9 PPG on .364/.229/.778 shooting, but he was much better in his first year with the Magic, posting 13.9 PPG on .465/.338/.768 shooting in 2017/18.

Between this deal and their James Ennis swap with the Rockets, the Sixers were able to add two wings for depth purposes today while also replenishing their collection of draft picks that took a hit in Wednesday’s Tobias Harris trade.

Photo courtesy of USA Today Sports Images.

Wesley Matthews Headed For Buyout; Warriors May Be Next Stop

We noted earlier tonight that the Knicks plans to begin buyout talks with Enes Kanter if he’s not traded before tomorrow’s deadline. It appears Wesley Matthews is in the same situation and may wind up with the Warriors, according to Marc Berman of The New York Post.

Matthews was acquired from Dallas last week as part of the Kristaps Porzingis trade, but he has an $18.6MM expiring contract and there’s little reason to keep him on one of the league’s worst teams. The Knicks are still hoping to work out a trade and had some interest from the Sixers before they acquired Tobias Harris, Berman adds.

Matthews was just 2 of 11 Tuesday in what the Knicks hoped would be a showcase game, but that won’t affect his popularity on the buyout market. Several teams are expected to make a run at Matthews if he becomes available, including Golden State, which a source says is “intrigued” by the 32-year-old swingman. “The biggest thing is winning,’’ Matthews said Sunday at his introductory press conference in New York, so the interest should be mutual.

Berman adds a few notes on other players:

  • The trade market for Kanter remains light and a buyout appears to be the most likely resolution. “[Knicks GM] Scott [Perry] and I are working together, collaborating and seeing if something makes sense,” said Kanter’s agent, Mark Bartelstein. “If nothing happens [Thursday], we’ll put our heads together.’’
  • DeAndre Jordan, who was also acquired in the Porzingis deal, doesn’t expect to be traded again. He would be happy to stay in New York and serve as a mentor to rookie center Mitchell Robinson. The Knicks have told Jordan they will consider keeping him past this season and may offer him their $5MM room exception if they use all their cap space as planned.
  • Several teams have inquired about Damyean Dotson, with the Kings being the latest to call.
  • New York could have three roster spots to fill with 10-day contracts by the end of the week. The team is watching John Jenkins, whose 10-day deal with the Wizards will expire on Saturday, to see if he becomes available. Jenkins had been playing with the Knicks’ G League affiliate in Westchester before his NBA call-up.

Raptors Trade Malachi Richardson To Sixers

2:03pm: The trade is official, the Sixers and Raptors have confirmed in press releases.

1:43pm: A pair of Atlantic Division rivals have agreed to a trade one day after playing each other, reports Keith Pompey of The Philadelphia Inquirer (Twitter link). According to Pompey, the Sixers are acquiring shooting guard Malachi Richardson from the Raptors, along with a 2022 second-round pick and the draft rights to Emir Preldzic. Toronto will receive cash considerations in return.

Richardson, 23, was acquired by the Raptors at last season’s trade deadline in exchange for Bruno Caboclo in a cost-cutting move, and this deal appears financially motivated as well. Toronto is over the luxury tax threshold for 2018/19, and will reduce its projected end-of-season tax bill by moving off Richardson’s $1,569,360 salary.

In parts of two seasons with the Raptors, Richardson appeared in just 23 games (4.7 MPG), averaging 1.4 PPG and 0.6 RPG in his very limited role. After trading him away, Toronto will have just 13 players on its 15-man roster and will have two weeks to get back up to the league-mandated minimum of 14 players.

The Raptors could make another trade before Monday’s deadline to add a 14th player, or could explore the buyout market later in the month for a veteran. Signing a player to a 10-day contract would also be an option, albeit just a temporary one — the club would have to get back up to 14 players again at some point once a 10-day deal expires.

As for the Sixers, they still have an open roster spot after letting Corey Brewer‘s second 10-day contract expire this week, so they won’t have to make a corresponding move to make room for Richardson. It’s not clear if the club envisions the former Syracuse standout filling that 15th roster spot for the rest of the season or if he’ll be waived at some point.

Preldzic, the 57th overall pick in the 2009 draft, appears unlikely to ever make the leap to the NBA at this point, so if the 76ers don’t have plans for Richardson, it looks like the 2022 draft pick will be the “prize” of this minor deal for Philadelphia.

Forbes Releases 2019 NBA Franchise Valuations

A year ago, when Forbes released its annual NBA franchise valuations, the Knicks were reeling from the news that Kristaps Porzingis has suffered a torn ACL, but still earned the top spot on Forbes’ list of the league’s most valuable teams.

This time around, Knicks fans are reeling from the trade that sent Porzingis to Dallas. Once again though, the franchise is still considered the most valuable of any of the NBA’s 30 clubs, according to a report from Kurt Badenhausen and Mike Ozanian of Forbes.

For the first time, all 30 NBA teams have a perceived worth of $1.2 billion or more, per Forbes’ annual report. While all 30 teams’ valuations cracked the $1 billion threshold for the first time last year, 10 franchises were below $1.2 billion.

The league-wide average of $1.9 billion per team in 2019 is also a new record, with franchise valuations up 13% in total over last year’s figures. NBA franchise values have once again tripled over the last five years, according to Badenhausen and Ozanian.

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

  1. New York Knicks: $4 billion
  2. Los Angeles Lakers: $3.7 billion
  3. Golden State Warriors: $3.5 billion
  4. Chicago Bulls: $2.9 billion
  5. Boston Celtics: $2.8 billion
  6. Brooklyn Nets: $2.35 billion
  7. Houston Rockets: $2.3 billion
  8. Dallas Mavericks: $2.25 billion
  9. Los Angeles Clippers: $2.2 billion
  10. Miami Heat: $1.75 billion
  11. Toronto Raptors: $1.675 billion
  12. Philadelphia 76ers: $1.65 billion
  13. San Antonio Spurs: $1.625 billion
  14. Portland Trail Blazers: $1.6 billion
  15. Sacramento Kings: $1.575 billion
  16. Washington Wizards: $1.55 billion
  17. Phoenix Suns: $1.5 billion
  18. Oklahoma City Thunder: $1.475 billion
  19. Utah Jazz: $1.425 billion
  20. Indiana Pacers: $1.4 billion
  21. Denver Nuggets: $1.375 billion
  22. Milwaukee Bucks: $1.35 billion
  23. Orlando Magic: $1.325 billion
  24. Atlanta Hawks: $1.3 billion
  25. Cleveland Cavaliers: $1.275 billion
  26. Detroit Pistons: $1.27 billion
  27. Minnesota Timberwolves: $1.26 billion
  28. Charlotte Hornets: $1.25 billion
  29. New Orleans Pelicans: $1.22 billion
  30. Memphis Grizzlies: $1.2 billion

The Sixers are this year’s big riser, moving from 21st on the 2018 list to 12th in 2019. Conversely, the Cavaliers fell the most. After losing LeBron James, Cleveland was the only franchise to see its valuation dip from year to year, as it decreased from $1.325 billion (15th) in 2018 to $1.275 billion (25th) in 2019.

Clippers Trade Tobias Harris To Sixers

12:02pm: The Sixers and Clippers have both issued press releases officially announcing the trade.

“We are in the unique position to contend now and we think this trade positions us well for the postseason,” Sixers GM Elton Brand said in a statement. “Tobias is one of the best three-point shooters in the NBA and possesses an innate ability to impact the game on both ends of the floor, while Boban and Mike provide valuable skillsets, size and depth to our team. All three players bring high character to our locker room and we are excited about their fit alongside Joel, Ben, Jimmy and our entire roster.”

7:10am: The Sixers and Clippers have agreed on a six-player deal that will send Tobias Harris to Philadelphia, Adrian Wojnarowski of ESPN writes. In exchange, Los Angeles will bring back rookie Landry Shamet, two first-round picks and a number of other resources. Shams Charania of The Athletic first reported (via Twitter) that the two sides had reached a deal.

In total, Philadelphia will acquire Harris, Boban Marjanovic, and Mike Scott while Los Angeles adds Shamet, Wilson Chandler, Mike Muscala, Philadelphia’s own 2020 first-rounder, Miami’s unprotected 2021 first-rounder, and a pair of future second-rounders. The two second-round picks will be the Pistons’ 2021 and 2023 selections, per Rich Hofmann of The Athletic (Twitter link).

As for the Sixers’ 2020 first-round pick, ESPN’s Ramona Shelburne reports (via Twitter) that it will be lottery protected for three seasons, and would turn into a pair of second-round picks for 2023 and 2024 if it hasn’t conveyed after those three years.

It’s a massive swing by the 76ers, who appear to be going all-in on their current group after years of rebuilding. In Harris, they acquire a 26-year-old forward who is having the best year of his career. In 55 games for the Clippers, he averaged 20.9 PPG and 7.9 RPG with a shooting line of .496/.434/.877. All of those numbers are career highs.

Harris will join a starting lineup that already features Joel Embiid, Jimmy Butler, Ben Simmons, and J.J. Redick, giving the Sixers arguably the most talented starting five in the East. Meanwhile, Scott and Marjanovic will help replace some of the frontcourt depth Philadelphia has sacrificed by trading Chandler, Muscala, Dario Saric, and Robert Covington this season.

Harris is on an expiring contract and will become an unrestricted free agent this summer, but the Sixers intend to be “aggressive” in re-signing him to a new deal, sources tell Wojnarowski. The plan in Philadelphia is to secure the team’s Big 4 of Embiid, Butler, Simmons, and Harris long-term, regardless of luxury tax concerns, according to ESPN’s Zach Lowe (Twitter link).

Of course, as Lowe observes in a follow-up tweet, having both Butler’s and Harris’ Bird Rights in free agency this offseason will give the Sixers some leverage negotiating with each player. If the franchise ultimately does re-sign both players and gives Simmons a maximum-salary extension, the Big 4 would likely cost approximately $120MM by the 2020/21 season, Bobby Marks of ESPN observes.

As for the Clippers’ side of the deal, while Harris had been great for the team since coming over in last year’s Blake Griffin blockbuster, he isn’t at the top of the organization’s wish list for 2019 free agency. As such, the club was comfortable giving up his Bird Rights in exchange for long-term assets.

By acquiring Shamet and two more first-round picks, including an unprotected 2021 Heat selection that could end up being pretty valuable, the Clippers have added more strong trade assets that could be used in pursuit of a star down the road.

Although the Clippers were one of the clubs on Anthony Davis‘ reported four-team wish list, L.A.’s front office didn’t make this trade with the primary objective to go after Davis, league sources tell Wojnarowski. Still, if the Clips pursue a player like AD or another star this week or in the offseason, their new assets will probably be more intriguing to a rebuilding team than Harris would have been.

Harris ($14.8MM), Marjanovic ($7MM), and Scott ($4.32MM) are all on expiring contracts, as are Chandler ($12.8MM) and Muscala ($5MM). However, the Clippers will actually add a little money to their books for 2019/20 by taking on Shamet, who is on his rookie contract and will earn just under $2MM in 2019/20.

Even after that modest addition to their cap, the Clippers will be in a good position to create the space necessary for at least one maximum-salary player in July. According to Marks, the Clippers should have about $37MM in room, and could increase that number to $49MM by waiving Avery Bradley. If they could find a taker for Danilo Gallinari, that figure would further increase to $70.7MM, which should be enough for two max slots.

The ramifications of this blockbuster deal on both conferences could be significant. In the West, the Clippers currently hold the No. 8 seed at 30-25, but the Kings and Lakers remain in hot pursuit of a playoff spot. Without Harris, the Clips’ playoff chances will dip, which in turn will reduce their odds of hanging onto their 2019 first-round pick — that selection is owed to the Celtics, but is lottery protected.

Meanwhile, in the Eastern Conference, there’s a clear group of four teams at the top of the postseason race, with the Sixers joining the Bucks, Raptors, and Celtics. It will be interesting to see whether any of those other contenders respond with moves of their own before Thursday’s deadline.

In his analysis of the trade, ESPN’s Tim Bontemps notes that Milwaukee may have already made its most significant move, acquiring George Hill earlier in the season, and Boston may save its assets for an offseason run at Davis. That leaves the Raptors as the most intriguing wild card over the next couple days. Toronto has been aggressive on several fronts, tweets Chris Mannix of SI.com.

Finally, one more cap-related note on this swap: The Clippers have multiple options for how to structure the deal, but one approach would see them create a $9.8MM traded player exception. Philadelphia won’t be able to generate a new TPE in the trade.

Austin Kent contributed to this story.

Photo courtesy of USA Today Sports Images.

O’Connor’s Latest: Gasol, Conley, OKC, Prince, More

As we relayed earlier today, Kevin O’Connor of The Ringer hears that the Hornets‘ offer for Grizzlies center Marc Gasol is Bismack Biyombo, Michael Kidd-Gilchrist, and a protected first-round pick. That would be an underwhelming return for Gasol, but there hasn’t been much league-wide interest in the 34-year-old, O’Connor writes.

The Kings and Pistons were among the teams potentially in the mix for Gasol, according to O’Connor, but Memphis didn’t have any interest in Detroit center Andre Drummond and Sacramento was unwilling to part with promising young wing Bogdan Bogdanovic, whom the Grizzlies wanted.

The Raptors reportedly explored a potential Gasol deal, initially attempting to come up with an individual trade for one Grizzlies veteran before turning it into a package for both Gasol and Mike Conley, O’Connor writes. However, those talks didn’t advance and league sources tell The Ringer that it’s unlikely Toronto ends up with Gasol or Conley.

Elsewhere on the Conley front, the Jazz continue to make a strong push, with an offer that includes Ricky Rubio, Derrick Favors, and a first-round pick, per O’Connor. The sense around the NBA is that the Grizzlies won’t settle for a modest return for Conley, which is something we heard in relation to the Pistons’ offer earlier today.

O’Connor’s latest piece for The Ringer features several more trade-related tidbits, so we’ll round them up here…

  • The Thunder are believed to be among the teams with interest in Cavaliers guard Alec Burks, league sources tell O’Connor. However, Burks wouldn’t fit into OKC’s $10.88MM trade exception. The Thunder, along with the Sixers and Trail Blazers, have expressed interest in Hawks wing Taurean Prince, O’Connor adds.
  • Following up on his report from last week about the Rockets and Grizzlies discussing a Brandon Knight trade, O’Connor suggests that Marquese Chriss and a first-round pick would also go to Memphis in that proposed deal. Houston would be targeting JaMychal Green and Garrett Temple in the swap, though it remains in the discussion stage for now.
  • The Kings have made calls about veteran forwards Harrison Barnes (Mavericks) and Otto Porter (Wizards) but have found no traction on a Porter deal, writes O’Connor.
  • While DeAndre Jordan looks like an obvious trade candidate, it wouldn’t be a major surprise if the Knicks keep him around as a potential recruiter for Kevin Durant, according to O’Connor, who notes that Durant and Jordan are good friends. Stefan Bondy of The New York Daily News wrote about this subject on Tuesday.
  • League sources don’t expect the Celtics to do anything at the deadline with Terry Rozier, since he could serve as potential Kyrie Irving insurance or a sign-and-trade sweetener for Anthony Davis in the offseason, says O’Connor.
  • According to O’Connor, the Pacers remain open to moving one of their two veteran point guards, Cory Joseph or Darren Collison. Both players are on expiring contracts.

Lawrence’s Latest: Bucks, Mirotic, Sixers, Gasol

No one seems convinced that the Bucks are a viable suitor for Anthony Davis, given their dearth of first-round picks and the fact that most of their best players are on expiring contracts. However, co-owner Marc Lasry is still encouraged by the fact that Davis’ four-team list of preferred destinations includes Milwaukee, as he tells Sporting News’ Mitch Lawrence.

“I saw that report, and I think it’s great,” Lasry said. “It’s a little bit of what we want. We want players to come and play in Milwaukee. And part of it is, when you’re winning and you’re setting a standard for excellence, people see that. People want to win. It doesn’t make a difference if you’re in Milwaukee, New York or L.A. The whole goal is winning. So we hope it would be players like Anthony Davis and others who want to come to Milwaukee.”

Lasry, who may be bordering on tampering territory with his comments to Lawrence, acknowledged that it would be tricky for the Bucks to make a deal for Davis using the club’s current assets.

Here’s more from Lawrence:

  • The Bucks are working on a smaller trade or two, according to Lawrence, who identifies Pelicans forward Nikola Mirotic as one potential target for Milwaukee. “He’d be the perfect fit for the Bucks,” an Eastern Conference general manager said of Mirotic. “Another guy who can knock down threes would make them even more dangerous.”
  • The Sixers are another team interested in Mirotic and have offered the Pelicans a pair of second-round picks for him, per Lawrence. For salary-matching purposes, Wilson Chandler would likely have to be involved in any 76ers deal for Mirotic. Philadelphia has also looked at Terrence Ross (Magic) and Wesley Matthews (Knicks), Lawrence notes.
  • An Eastern Conference GM tells Lawrence that the Spurs are making an effort to move Pau Gasol. Gasol is on a pseudo-expiring contract, as only $6.7MM of his 2019/20 salary is guaranteed.
  • Lawrence suggests that the trade market for Grizzlies big man Marc Gasol may be negatively impacted by Gasol’s desire to get a contract extension this summer. If he doesn’t feel as if he’ll get a lucrative multiyear deal in the offseason, the 34-year-old could pick up his $25.6MM player option.

Deveney’s Latest: Wizards, Sixers, Fultz, Morris

After sharing some trade-related notes on the Trail Blazers, Dario Saric, and Wesley Matthews on Monday, Sean Deveney of Sporting News is back with another handful of trade rumors today. Let’s dive right in and round up the highlights…

  • Wizards owner Ted Leonsis said last week that there are no plans to trade John Wall, Bradley Beal, or Otto Porter at this year’s deadline, and rival executives have heard the same thing in discussions with Washington, writes Deveney. “They’re not budging,” one exec said of the Wizards. “Maybe they’d deal Porter, but they want a star-type player back, and that’s not happening.”
  • The Sixers aren’t yet ready to move on from Markelle Fultz, sources tell Deveney. Fultz is still 20 years old and his value has cratered, so Philadelphia will hold out hope that he can rebuild that value. However, that stance could change in the offseason if the team views Fultz as a key trade chip to acquire important role players.
  • The Sixers have been “very active” on the trade market as they seek depth, but would be content to go the buyout route if necessary, after having success there a year ago, says Deveney.
  • Celtics forward Marcus Morris isn’t a trade candidate, given how important he has been in Boston this season. “I would hate to think where they’d be without Morris,” one scout told Deveney. “All the stuff that’s gone on, at least on the floor, he kind of holds it together for them.”
  • Morris will be an unrestricted free agent this summer and executives around the NBA predict that he’ll command a starting salary in the $11-12MM range, according to Deveney. “Two years makes sense, but maybe a third year on an option,” said one GM. Deveney names the Kings, Jazz, and Pacers as teams that could have interest in the Celtics forward during the offseason.

Corey Brewer Becomes Free Agent

Corey Brewer‘s second 10-day contract with the Sixers has expired and the team won’t be signing him for the rest of the season at this point, tweets Jon Johnson of SportsRadio 94.1 WIP. The decision ensures that Brewer will return to the free agent market.

Brewer, who will turn 33 next month, appeared in seven games for the Sixers during his 20 days with the club, averaging 7.6 PPG, 2.4 RPG, and 1.7 SPG while playing solid perimeter defense.

The veteran swingman had a greater impact when Jimmy Butler was out of Philadelphia’s lineup last week, starting those three games. Brewer has averaged fewer than eight minutes per game in the 76ers’ last two contests with Butler back in the lineup.

While Brewer is no longer a Sixer, it’s possible he’ll be a candidate to re-sign with the team later in the season. With the trade deadline arriving this Thursday and the buyout market expected to be active later in February, it makes sense for the 76ers to hold their 15th open roster spot open for the time being to create added flexibility. If that spot is still open a month from now, Brewer may be the best option to fill it.