C.J. Miles Rumors | Hoops Rumors

Raptors Sign C.J. Miles

July 18th, 2017 at 3:26pm CST by Luke Adams

The Raptors have officially signed free agent swingman C.J. Miles, the team announced today in a press release. Miles’ deal with Toronto was originally reported more than a week ago, though when the story first broke, it appeared it would be a sign-and-trade. Instead, the Raptors have signed Miles outright.

“C.J. is an exceptional shooter and adds versatility to our perimeter game,” Raptors president Masai Ujiri said in a statement. “We are excited to add a player with experience level to our core group.”

Initial reports on Miles’ three-year, $25MM agreement with the Raptors suggested that Cory Joseph would be headed to Indiana in the swap. However, because Miles’ deal reportedly includes a third-year player option, it wasn’t eligible for a sign-and-trade — contracts in a sign-and-trade must run at least three years without options.

In order to get around that CBA restriction and to clear the salary necessary to bring Miles aboard, the Raptors sent Joseph to Indiana in a separate deal, and will sign Miles using their mid-level exception. Toronto would have faced a hard cap for 2017/18 either way, as we explained earlier today.

Miles, 30, will will help provide depth and outside shooting on a Raptors team that lost P.J. Tucker and DeMarre Carroll this summer. A 12-year veteran, Miles is coming off another productive season — in 76 games for the Pacers, he averaged 10.7 points and 3.0 rebounds, and shot a career-best 41.3% on three-pointers. He will be getting a nice raise from the $4.58MM he earned in 2016/17.

Photo courtesy of USA Today Sports Images.

Raptors, Pacers Finalize Cory Joseph Trade

July 14th, 2017 at 11:13am CST by Luke Adams

The Raptors have officially sent Cory Joseph to the Pacers in a trade, the team announced today in a press release. In exchange for Joseph, Toronto acquired the draft rights to forward Emir Preldzic.

“We are very excited to acquire Cory,” Pacers president of basketball operations Kevin Pritchard said in his team’s announcement of the trade. “He has been on our radar for a while. With Darren Collison and Cory we have two solid, veteran point guards who fit our culture of playing hard and unselfish.”

Joseph was previously reported to be part of a swap that would send Miles to the Raptors in a sign-and-trade. However, Miles’ three-year contract was set to include a player option, and the NBA’s Collective Bargaining Agreement prohibits third-year options on contracts completed in sign-and-trade deals.

As such, the Raptors will trade Joseph and sign Miles in separate transactions. Toronto will sign Miles using the mid-level exception, which starts at $8.406MM. By splitting up the transactions, the Raptors will no longer be able to retain that MLE for another signing, but they’ll pick up another traded player exception instead. After getting a $11.8MM TPE in their DeMarre Carroll deal with the Nets, the Raptors will create a trade exception worth Joseph’s salary ($7.63MM) in today’s swap.

Moving Joseph to Indiana before signing Miles will help the Raptors stay out of luxury tax territory for now. Joseph, who turns 26 next month, played in 80 games for the Raptors last season, averaging 9.3 PPG and 3.3 APG. He’ll team with the newly-signed Collison as Indiana looks to replace Jeff Teague at the point guard position.

Joseph’s contract includes a player option worth $7.945MM for 2018/19, so he could hit the free agent market a year from now if he has a solid season with the Pacers.

As for Preldzic, the 29-year-old forward was the 57th overall pick in the 2009 draft and has remained overseas since then. At this point, he seems unlikely to make the jump stateside, so his NBA rights were likely just included in the deal because each team has to send out something in a trade. This is the fourth time Preldzic’s rights have been traded since he was drafted.

Photo courtesy of USA Today Sports Images.

C.J. Miles Headed To Toronto In Sign-And-Trade

July 9th, 2017 at 12:35pm CST by Arthur Hill

The Pacers and Raptors have agreed to a sign-and-trade deal that will send free agent C.J. Miles to Toronto, tweets Adrian Wojnarowski of ESPN.com. Miles will sign a three-year deal with the Raptors worth about $25MM that contains a player option for the final season.

The trade cannot be completed until Toronto moves some salary by sending DeMarre Carroll to Brooklyn, Wojnarowski notes (Twitter link). That deal is contingent on the Wizards matching the Nets’ offer sheet to Otto Porter, which they have announced they will do. However, provisions for Porter’s physical could delay the matching process to as late as Wednesday.

The Miles trade will send point guard Cory Joseph to Indiana in return, Wojnarowski adds (Twitter link).

Joseph, who turns 26 next month, played in 80 games for the Raptors last season, averaging 9.3 points and 3.3 assists, mostly as a combo guard off the bench. He will make $7.66MM next season and has a player option worth $8MM for 2018/19. He’ll team with newly-signed Darren Collison as Indiana looks to replace Jeff Teague at the point guard position.

Miles, a 30-year-old swingman, will serve as a replacement for Carroll and provide Toronto with some additional outside shooting. A 12-year veteran, Miles is coming off another productive season — in 76 games, he averaged 10.7 points and 3.0 rebounds, and shot a career-best 41.3% on three-pointers. He will be getting a raise from the $4.58MM he made last season.

The Raptors will be hard-capped at $125.266MM for the 2017/18 league year as a result of acquiring a player in a sign-and-trade deal, and may also have to rely on a pair of youngsters – Delon Wright and Fred VanVleet – as the backup point guards behind Kyle Lowry.

Photo courtesy of USA Today Sports Images.

Nets Notes: Carroll, Free Agents, Aldrich, Draft Pick

July 9th, 2017 at 10:59am CST by Arthur Hill

Brooklyn GM Sean Marks got Raptors president Masai Ujiri to sweeten the deal involving DeMarre Carroll as they talked during Saturday’s games at the Las Vegas Summer League, writes Brian Lewis of The New York Post. Toronto’s original offer involved just Carroll and a first-round pick, but Marks was able to convince Ujiri to send along a second-rounder and take back the $3MM contract of Justin Hamilton.

The deal provides needed cap relief for the Raptors, while giving the Nets a replacement for Otto Porter after the Wizards announced their intention to match Brooklyn’s four-year, $106.5MM offer sheet. The trade may not be finalized before Thursday while the Nets wait for the Wizards to conduct Porter’s physical and report the results to the league.

There’s more today out of Brooklyn:

With nearly $17MM left in cap space along with a $4.3MM room exception, the Nets will move on to other targets in free agency, Lewis adds. They were believed to be interested in Pistons’ guard Kentavious Caldwell-Pope, but the Carroll trade prevents them from making a max offer. Caldwell-Pope turned down $80MM over five years from Detroit, but his options may be limited now as fewer teams have cap room to work with. Other possibilities for Brooklyn are C.J. Miles, Dewayne Dedmon, Nikola Mirotic or another restricted free agent in JaMychal Green. Coach Kenny Atkinson sees the value in having an older player around. “I do think [Marks and I] both agree that we don’t want to go in with a totally young roster,” he said. “We do need that veteran support. If it’s the right position where somebody can help us, it’s definitely something [to consider].”
Saturday’s deal may end the Timberwolves’ hopes of getting the Nets to take on Cole Aldrich’s salary, Lewis notes in the same piece. Minnesota wants to unload Aldrich, who will make $7.3MM in the upcoming season and nearly $6.9MM in 2018/19, to create enough cap room to sign Miles. However, Marks wouldn’t agree to the deal unless the Wolves threw in Oklahoma City’s 2018 first-rounder.
The second-rounder the Nets will receive in the Carroll deal will probably be the lower of the Magic or Lakers picks, according to a tweet from NetsDaily. Brooklyn already has the rights to the Pacers’ 2018 second-rounder if Indiana misses the playoffs.

Cavaliers Notes: Crawford, Osman, Lue, Green

July 8th, 2017 at 7:33pm CST by Arthur Hill

The Cavaliers weren’t able to get into a bidding war for Jamal Crawford because they need to keep enough money to sign Cedi Osman, writes Joe Vardon of Cleveland.com. Cleveland is well over the cap for the upcoming season and wasn’t willing to give Crawford its entire $5.192MM taxpayer mid-level exception. The Cavs will need at least $816K to sign Osman, who has a $1MM buyout with his Turkish team. Crawford will reportedly sign a two-year, $8.9MM deal with the Timberwolves once he clears waivers. Vardon wrote on Friday that the Cavaliers were the favorites to land Crawford, but the Osman negotiations apparently changed that situation.

There’s more news out of Cleveland:

Coach Tyronn Lue stayed out of negotiations involving former GM David Griffin and front office recruit Chauncey Billups, Vardon writes in a separate piece. “You know how it affects me, he gave me my job,” was Lue’s only response to a question about Griffin at Friday’s summer league game. It was Griffin’s decision to fire David Blatt and replace him with Lue midway through the 2015/16 championship season. A few months after that title, Griffin rewarded Lue with a five-year, $35MM contract. Griffin could have been replaced by Billups, a close friend of Lue, but he turned down a below-market offer reported at $2MM per year. “Any time you get the chance to advance, be the president and GM, it’s always something great,” Lue said. “I know it’s something he always wanted to do. But I just kind of stayed out of the situation because I was so close to Griff, so close to Chauncey, so I didn’t want anything to do with it.”
The Cavs don’t seem worried about Jeff Green‘s drop in production last season, writes Marla Ridenour of The Akron Beacon Journal. They signed the 10-year veteran to a one-year, $2.3MM contract on Friday, with ESPN reporting that LeBron James had “active conversations” with Green before the deal was reached. Green has been with four teams in the past three seasons, and averaged just 9.2 points and 3.1 rebounds with the Magic last year, the lowest figures of his career in both categories.
Cleveland is limited is what it can offer, but Chris Fedor of Cleveland.com put together a list of seven free agents who might be willing to take a little less to join a team that has been to three straight finals. He names Thabo Sefolosha, Tony Allen, Gerald Henderson, Luc Mbah a Moute, C.J. Miles, Rodney Stuckey and Dewayne Dedmon.

C.J. Miles On Nets’ Radar

July 8th, 2017 at 1:35pm CST by Joshua Fischman

Veteran swingman C.J. Miles is on the Nets’ radar, according to Darren Wolfson of 5 Eyewitness News (Twitter link). For now, the Nets remain in a holding pattern while they wait for the Wizards to match the offer sheet they gave to Otto Porter.

The Porter situation is somewhat tricky, as the Wizards plan to match, but they may do so only after tying up Brooklyn’s cap space for as long as possible. This means that Porter’s offer sheet could stay on the Nets’ salary cap through July 12 at the latest. Since Porter’s offer sheet is substantial at $106.5MM over four years, the Nets cannot make any significant free agent offers until the Wizards match. As such, Miles would have to be willing to wait a little longer.

After a flurry of free agent signings around the NBA, Miles is suddenly one of the top players available. The 30-year-old free agent averaged 10.7 points per his 76 games with the Pacers last season, starting 29 of them. Miles boasted a strong slash line of .434/.413/.903, making him an appealing target for teams in need of shooting help.

Another free agent the Nets will wait to have on is Kentavious Caldwell-Pope, whose rights the Pistons renounced on Friday. KCP is very likely the top unrestricted free agent available and the Nets are in the market for a wing.

Free Agent Rumors: Clippers, KCP, Lakers, Casspi

July 7th, 2017 at 2:25pm CST by Luke Adams

Free agent big man Willie Reed is meeting today with the Clippers, league sources tell Alex Kennedy of HoopsHype (Twitter link). ESPN’s Adrian Wojnarowski confirms the meeting and adds (via Twitter) that Jeff Withey is also sitting down with the club today. Los Angeles doesn’t have a whole lot of financial flexibility left, having used most of its mid-level exception on Milos Teodosic, but the club remains in the market for a backup for DeAndre Jordan, with Marreese Speights having opted out.

Here’s more on free agency:

The Pistons‘ best offer to Kentavious Caldwell-Pope was worth $80MM over five years, which “wasn’t even close” to what the free agent guard was seeking, a source tells Jake Fischer of SI.com (Twitter link). Vince Ellis of The Detroit Free Press (Twitter link) also hears the two sides weren’t at all close, though he doesn’t confirm those specific figures. Caldwell-Pope is now an unrestricted free agent.
The Lakers have shown some interest in Rodney Stuckey, but have only had preliminary discussions on that front, writes Mark Medina of The Orange County Register. Alex Kennedy (Twitter link) first reported L.A.’s interest in Stuckey.
Before he agreed to sign with the Warriors on a minimum salary deal, Omri Casspi turned down a one-year, $4.5MM offer from a probable lottery team, according to ESPN’s Zach Lowe, who notes that Casspi opted for a chance at a title instead of the bigger payday.
The Timberwolves are said to be trying harder to unload Cole Aldrich‘s contract in an effort to land C.J. Miles, but the team remains reluctant to attach a first-round pick, tweets Darren Wolfson of 5 Eyewitness News.

And-Ones: Clark, Shved, Bogdanovic

July 6th, 2017 at 11:04pm CST by ChrisCrouse

Add Warriors guard Ian Clark to the list of wing players who interest the Timberwolves, tweets Darren Wolfson of 5 Eyewitness News. C.J. Miles remains their prime target, but Minnesota doesn’t have enough cap room left to make a competitive offer. The Wolves have discussed a sign-and-trade that would send center Cole Aldrich and Oklahoma City’s 2018 first-rounder to Indiana in exchange for Miles, according to an ESPN report.

Here’s more from around the league:

Alexey Shved may void the final year of his contract with Khimki Moscow in order to return to the NBA, a source tells international journalist David Pick (Twitter link). Shved last played in the NBA for the Knicks during the 2014/15 campaign.
The Kings are covering all of Bogdan Bogdanovic‘s $850K NBA buyout with Fenerbahce, a source tells Pick (Twitter link). Sacramento signed the swingman to a three-year deal worth $27MM, which is the richest contract for a rookie in league history.
Phil Ricci will join the Kings’ coaching staff as an assistant player development coach, James Ham of NBC Sports tweets. Ricci played professionally abroad for several seasons before coaching at the high school level.
Grizzlies GM Chris Wallace has penned a thank you letter to Zach Randolph for his contributions over the past eight years. The note, which is posted on the team’s website, credits Randolph for helping to establish Memphis’ “grit and grind” identity. Randolph agreed to a two-year, $24MM deal with the Kings on Tuesday. The Grizzlies also announced today that Randolph’s number will be retired.

Arthur Hill contributed to this post

Western Rumors: Gasol, Faried, T-Wolves, Young

July 5th, 2017 at 12:33pm CST by Luke Adams

While a handful of Western Conference teams have made major roster moves so far this offseason, the Grizzlies have been fairly quiet. The team reached an agreement to sign Ben McLemore, but also lost Zach Randolph and has yet to lock up its other free agents like JaMychal Green and Tony Allen.

With their window of contention potentially closing, would the Grizzlies consider moving Marc Gasol? Two league executives suggest to Chris Mannix of The Vertical that Gasol is a player worth keeping an eye on as a possible trade candidate. Mannix’s note is tucked away in a larger piece about the Celtics‘ next moves, and as he points out, Gasol would make a lot of sense as a target for Boston. However, there’s no indication that any talks have happened or that Memphis is even considering such a roster shake-up, so it sounds like speculation at this point.

Here’s more from around the Western Conference:

Teams are calling the Nuggets to inquire about Kenneth Faried, tweets Alex Kennedy of HoopsHype. With Paul Millsap arriving in Denver, the Nuggets’ frontcourt is getting crowded, and the team probably wouldn’t mind getting out from under Faried’s contract, so a trade remains a possibility.
Darren Wolfson of 5 Eyewitness News, who reported on Tuesday that the Pacers might be interested in working out a sign-and-trade deal with the Timberwolves for C.J. Miles, suggests that Indiana is further along on a Miles sign-and-trade scenario with another team (Twitter link). Meanwhile, Minnesota is waiting on Nick Young, having made him a two-year offer that is likely worth the room exception, tweets Wolfson.
In other Timberwolves news, first-round pick Justin Patton won’t be participating in Summer League with the club, having suffered a foot fracture during a workout, the team announced on Tuesday. Patton underwent surgery to repair a broken fifth metatarsal in his left foot and will be sidelined indefinitely, per the team.

Free Agent Rumors: Wolves, Knicks, Waiters, Jazz

July 4th, 2017 at 10:09pm CST by Luke Adams

The Timberwolves were linked to free agent swingman C.J. Miles earlier today, but weren’t necessarily considered a probable landing spot for Miles due to the team’s lack of cap flexibility. However, according to Darren Wolfson of 5 Eyewitness News (Twitter link), who passed along the initial report on Miles, the Pacers are open to the idea of a sign-and-trade which would net them Cole Aldrich‘s contract and OKC’s 2018 first-round pick from Minnesota.

Both teams would have to agree on that sign-and-trade scenario, and of course Miles would also have to be on board, so there may be some snags along the way. But as Wolfson points out, there are ways for the Wolves to get creative if they really want to land Miles or another free agent.

Wolfson has more on the Wolves, tweeting that he has heard the team made an offer to Nick Young. That offer would likely be worth the $4.3MM room exception, and Young turned down a $5.67MM player option with the Lakers last month, so I’d be surprised if Minnesota’s offer is enough to land him, but the club clearly remains on the lookout for shooting help.

Here’s more on free agency:

The Knicks continue to stay in touch with free agent guard Dion Waiters, according to Ramona Shelburne of ESPN, who reports (via Twitter) that Waiters and Rajon Rondo remain on the Lakers‘ radar.
With Gordon Hayward and Otto Porter off the board, the Jazz have expressed interest in Rudy Gay, says Alex Kennedy of Basketball Insiders (Twitter link). As Royce Young of ESPN tweets, Patrick Patterson essentially took the deal that Gay was unwilling to with the Thunder, so OKC may be out, leaving the Heat and Jazz as the top contenders for Gay.
Having already brought back nearly all of their key free agents, the Warriors are also considered likely to re-sign Zaza Pachulia, according to Sam Amick of USA Today.
After a strong showing for the Pistons in Summer League play, Eric Moreland is believed to have received a multiyear contract offer from Detroit, tweets Steve Kyler of Basketball Insiders.