David Lee

Celtics Acquire David Lee

Courtesy of USA Today Sports Images

Courtesy of USA Today Sports Images

JULY 27TH, 11:10am: The deal is finally official, the Celtics announce. It’s Babb and Wallace headed to Golden State, with Lee going to Boston.

“We are excited to welcome David as a member of the Celtics family,” Boston president of basketball operations Danny Ainge said. “His proven skill set and experience on a championship team will add valuable depth to our frontcourt and a veteran presence to our locker room.”

The Warriors followed with their own press release to confirm the deal.

“On behalf of the entire Golden State Warriors organization, we thank David Lee for his contributions both on and off the court over the last five years,” Warriors GM Bob Myers said. “Throughout his time with the Warriors, David was a great player, competitor and presence in our locker room as well as in the community and was a stabilizing force during a period that saw many positive changes within the organization. Most importantly, he leaves Golden State as an NBA champion. We wish him nothing but the best in the next chapter of his career.”

4:09pm: The teams are still considering “several different ways” to structure the trade and are in no rush, a source tells Adam Himmelsbach of The Boston Globe (Twitter link). In any case, the Celtics have no intention of flipping Lee to another team, Himmelsbach also hears (on Twitter).

3:03pm: Babb is most likely the player headed to the Warriors, tweets Steve Bulpett of the Boston Herald, who nonetheless won’t rule out that it’ll be Pressey going to Golden State instead.

2:43pm: Berger clarifies that no picks or cash are headed to Golden State in addition to Wallace, but a “filler contract” will go from the Celtics to the Warriors, he says (Twitter link).

2:11pm: Boston will send another player to the Warriors, according to Sam Amick of USA Today (Twitter link), which conflicts with Berger’s report. That’s perhaps a signal that the Celtics will seek to stay over the cap, a maneuver that would allow them to keep their trade exceptions. In any case, the extra player who would be going to Golden State would be on a make-good deal, Amick adds. Phil Pressey and Chris Babb are Boston’s only players on non-guaranteed contracts.

JULY 7TH: 1:46pm: The Celtics have agreed with the Warriors on a trade that will send David Lee to Boston, reports Tommy Dee of Charged.fm (on Twitter), and as Marc Stein of ESPN.com confirms (Twitter link). Gerald Wallace will head to Golden State, Stein adds (on Twitter). Part of the efficacy of the deal for Golden State is that it can use the stretch provision to waive Wallace and spread his nearly $10.106MM salary, while Lee’s contract is ineligible for the provision because he signed it under the previous collective bargaining agreement, notes SB Nation’s Mike Prada (Twitter link). The Celtics can open cap room, so it won’t matter that Lee’s salary of nearly $15.494MM is more than $5MM in excess of Wallace’s. Indeed, no other players are involved in the deal, tweets Ken Berger of CBSSports.com. Boston, despite its multitude of trade exceptions, doesn’t possess one large enough to absorb Lee’s salary, and trade exceptions can’t be combined.

The Warriors plan to keep Wallace, despite the tax savings the team could reap if they waive him, reports Marc J. Spears of Yahoo! Sports (Twitter link), though they have until August 31st to change their minds and spread his salary in equal thirds over the next three seasons. Golden State was poised to have a payroll in excess of $100MM before their agreement on this deal, and while bringing in Wallace would take that figure closer to $96MM, that’s still well in excess of a tax line projected to fall around $82MM.

Lee provides the Celtics a player who’s shown more production in the last two seasons than Wallace has, even though Lee receded from Golden State’s rotation for stretches this year. He isn’t the superstar or the rim-protector that the Celtics have long sought, but he averaged 18.2 points and 9.3 rebounds in 33.2 minutes per game for a playoff-bound Warriors team in 2013/14.

The Knicks and Lakers had reportedly considered trading for the 32-year-old former All-Star as Lee’s representatives and the Warriors sought takers for his contract, which expires next summer. However, record gate receipts from the team’s run to the Finals left Golden State with greater comfort in paying at least a moderate amount of tax, as Grantland’s Zach Lowe reported. Lowe suggested that it meant the Warriors had become more likely to swing a trade that brought back salary in return, as is the case with this deal.

Boston had reportedly been willing enough to trade Wallace that it would have parted with a first-round pick to make it happen, but it looks like the Celtics won’t have to pay that price. The forward turns 33 later this month and saw only 8.9 minutes per game this past season. His contract, like Lee’s, runs only through 2015/16.

Pacific Notes: Lee, Stephenson, Pierce

The Celtics agreed to take David Lee from the Warriors in exchange for Gerald Wallace more than two weeks ago, but the move has still yet to officially take place. That should change by Monday, as Marc Stein of ESPN.com hears (Twitter link), and the Celtics sent a press release detailing an introduction of “offseason additions” scheduled for that day. While we continue to wait for the formal trade, here’s more from around the Pacific Division:

  • Duje Dukan‘s deal with the Kings is for two years, with the first season being fully guaranteed and year two carrying a partial guarantee, Jeff Goodman of ESPN.com tweets.
  • Clippers swingman Lance Stephenson said that nagging injuries and his game being too similar to Kemba Walker‘s were contributing factors to his down season with the Hornets last year, and led to him being dealt to Los Angeles, Jared Zwerling of BleacherReport writes. When asked why he was traded, Stephenson told Zwerling, “It just didn’t work. I felt like me and Kemba do the same type of stuff, and it just didn’t click. Kemba is like a smaller me. He dominates the ball and he’s a playmaker. And then my jump shot wasn’t falling, so it was a tough season. I had toe and groin injuries. I’m telling you, this was worse than my rookie year when I didn’t even play. I was really mentally down. I was trying everything to try to figure out what I can do to help this squad.
  • Veteran forward Paul Pierce said he chose to sign with the Clippers because he wanted another shot at winning a title, and wants to end his career playing in Los Angeles, Jorge Castillo of The Washington Post relays. “I’m at the point in my career where it’s winding down,” said Pierce. “I see the light at the end of the tunnel. I wanted another opportunity to win a championship. I thought just being here would be a great fit. I’m a veteran. I could be another voice in the locker room and I can just pretty much fill any role that they need me to play. If I didn’t think the Clippers were close then, no matter home or not, I probably wouldn’t have made this decision.

 Chuck Myron contributed to this post.

Eastern Notes: Porzingis, Dellavedova, Ellis

Scout Clarence Gaines believed the Knicks should have taken Kristaps Porzingis first overall if they had won the draft lottery, Knicks GM Steve Mills said Monday on MSG Network, as Marc Berman of the New York Post relays. Mills and team president Phil Jackson weren’t quite ready to do that, Berman notes, but the Knicks dropped to fourth in the lottery and took Porzingis with that selection. Mills said he noticed Guillermo Hernangomez, the 35th overall pick whose rights New York acquired in a deal put together on draft night, on a scouting trip to see Porzingis, as Berman details, adding that the Knicks plan to sign Hernangomez in time for the 2016/17 season.

Here’s more from the Eastern Conference:

  • There hasn’t been much progress made between restricted free agent Matthew Dellavedova and the Cavaliers, Chris Mannix of SI.com notes. The point guard is seeking a multiyear deal at around $4MM per season, Mannix relays, and Cleveland is reluctant to commit to that amount due to the luxury tax implications. Former Nets executive Bobby Marks (Twitter links) notes that even a $4MM annual commitment for Dellavedova would equate to that of a max salary player due to the approximate $14MM tax hit inking the guard would generate.
  • Celtics executive Danny Ainge views offseason additions David Lee and Amir Johnson as veterans who can help the team’s younger players grow, Steve Bulpett of The Boston Herald writes. “Veteran players teach young players how to play, how to live, how to make it through the rough times of a season,” Ainge said. “And they make young players better by their presence on the court. So it’s not always just about getting minutes for young players, although minutes are important in the process of development. But it’s also important for veterans to show the young players the way to play. Brandon Bass was a good guy to have on the team. You ask any good player in the NBA about the people who’ve had a positive impact on their careers and most every one of them will say some veteran that they played with as a youngster.
  • Monta Ellis was sold on joining the Pacers when team executive Larry Bird told him he was the missing piece in the team’s championship puzzle, Michael Marot of The Associated Press writes. “He said all the right things,” Ellis said after signing his four-year, $44MM deal. “It was an easy choice. It made me feel great because they wanted me.”

Chuck Myron contributed to this post.

Western Rumors: Durant, Cauley-Stein, Lee, Suns

The Mavericks believe they’re legitimate contenders for Kevin Durant next summer, buoyed as they are by their agreements to sign DeAndre Jordan and Wesley Matthews, reports Chris Mannix of SI.com. Of course, they’ll have plenty of competition, as many teams will no doubt line up for a chance at the player atop the 2016 free agent class. The Wizards have reportedly loomed as the top threat to the Thunder for the former MVP. Here’s more from around the Western Conference:

  • One lottery team took Willie Cauley-Stein off its board completely over concerns about his surgically repaired left ankle, while another two teams cleared him, but “just barely,” according to Mannix, who writes in the same piece. The Kings drafted Cauley-Stein sixth overall.
  • The Warriors didn’t have any option of moving David Lee for no salary in return when they agreed to take on Gerald Wallace from the Celtics, according to Tim Kawakami of the Bay Area News Group. The trade agreement nonetheless shrinks Golden State’s projected outlay from nearly $150MM in combined payroll and tax payments to about $128MM, Kawakami writes.
  • Suns coach Jeff Hornacek knows and likes Derrick Favors from his time as a Jazz assistant coach, but Utah is firm in its position to keep the power forward, writes Paul Coro of the Arizona Republic, suggesting that Phoenix is more likely to make a major addition via trade than free agency at this point. Speculation linking the Suns to Ryan Anderson doesn’t seem likely to bear fruit, Coro adds.
  • The Thunder met with free agent Keith Appling on Tuesday, a visit that could lead to a training camp invitation, according to Vince Ellis of the Detroit Free Press. The former Michigan State point guard was with the Lakers for preseason this past fall.

And-Ones: Lee, Randle, Bulls, Clippers

Clippers guard J.J. Redick vented his frustrations with his team’s offseason during an interview with Bleacher Report Radio, Ben Bolch of The Los Angeles Times relays. When asked to grade Los Angeles’ free agent moves, Redick said, “Is there an F-minus?” The veteran continued expressing his disappointment, saying, “Listen, we had one priority this summer and that was to re-sign D.J. [DeAndre Jordan] and we missed out on that, so barring some miracle, [the] makeup of our team is completely different now.” The center agreed to a four-year, $80MM deal with Dallas last week.

Redick noted the myriad of ways in which the Clippers will miss Jordan, referring to the big man as, “such an integral part of what we did, not just defensively but offensively with his screening, his rolling, his offensive rebounds. His presence down low essentially made teams either commit to the three-point line when Blake [Griffin] or Chris [Paul] penetrated or commit to him, and that either opened up lobs for him or threes for guys like me and Jamal [Crawford] and Matt [Barnes].

Here’s what else is happening around the league:

  • Free agent Kevin Seraphin is receiving interest from the Mavericks, Michael Scotto of Sheridan Hoops relays (Twitter link). The 25-year-old center has also had inquiries from the Lakers, Wizards, Suns and Spurs, Scotto adds.
  • The Lakers‘ first round draft pick of a year ago, Julius Randle, participated in his first organized practice with the team since he suffering a broken leg in his NBA debut last season, Baxter Holmes of ESPNLosAngeles.com writes. Randle, who is on track to be recovered by the start of the 2015/16 season, has lost weight while getting stronger, which should improve his quickness and production, Holmes adds. “The credit goes to my coaches for staying on me and not letting this downtime being injured be a step in the wrong direction,” Randle said. “I’m taking advantage of it the most that I could. It’s also me with my drive and will and people supporting me. The credit goes to all of them.
  • The proposed trade that would send David Lee to the Celtics can save the Warriors roughly $5MM in salary and an additional $18MM in luxury tax, which makes the deal worth doing for Golden State, even if Lee’s presence will be missed, Daniel Leroux of The Sporting News writes.
  • The Bulls missed a major opportunity to take advantage of a still developing Cavaliers roster and reach the NBA Finals, a feat that has grown even more difficult with the improvements that Cleveland, not to mention the Bucks and Raptors, made this offseason, Scoop Jackson of ESPN.com writes.

Knicks, Lakers Consider Trading For David Lee

1:32pm: The Lakers would be more likely to try to trade for Lee if they miss on their top three free agent targets than they would be to revisit trade talks with the Kings for DeMarcus Cousins, tweets Ramona Shelburne of ESPN.com.

1:27pm: The Knicks have had discussions about reacquiring David Lee, reports Howard Beck of Bleacher Report (Twitter link). It’s unclear whether those talks involved the Warriors or were internal. Lee played the first five years of his career in New York and still owns a home in the area, notes Marc Berman of the New York Post (on Twitter). Golden State and representatives for Lee, a Mark Bartelstein client, have reportedly agreed to work together to find a trade taker for the power forward and his salary of nearly $15.494MM for this coming season as the Warriors seek to lessen their tax burden.

New York is prioritizing free agents, but Lee is a possibility, according to Beck. The Knicks missed out on Greg Monroe, who’s off to the Bucks. They’re meeting with LaMarcus Aldridge, DeAndre Jordan and Robin Lopez, though they seem long shots for both Aldridge and Jordan.

New York could absorb Lee into cap space, allowing the Warriors to move off his entire salary. That would be a boon for Golden State, which figures to pay the tax even if Lee isn’t around but would save on extra penalties if his salary is off the books. Lee fell out of the rotation this past season but has twice been an All-Star.

Western Rumors: Lakers, Russell, Warriors

League sources tell Jake Fischer of SI (on Twitter) that the Lakers were always going to select whoever was available between Karl Towns and Jahlil Okafor at No. 2.  The guards they worked out, like D’Angelo Russell, were only brought in as a smokescreen, according to those sources.  However, with so much talk about Russell being the pick at No. 2 today, it’s hard to say what their intentions are. Here’s more from the West on one of the NBA calendar’s craziest days..

  • Marcus Thompson of the Bay Area News Group (on Twitter) heard that one team’s asking price to take David Lee‘s contract off the Warriors‘ hands was Harrison Barnes and the No. 30 pick.  As Thompson writes, Warriors management probably laughed that offer off.
  • At this stage, the Warriors are not working to move Lee’s contract, Jake Fischer of SI tweets.  At this point, their looking to move up in the first round, though it’s not clear who their target is.  The Warriors own the No. 30 pick in the draft.
  • Lakers GM Mitch Kupchak will have the final say on what the team does with the pick, assuming they keep it, according to Mike Bresnahan of the Los Angeles Times, who spoke with a person familiar with the situation.   The GM will receive input from team executive Jim Buss, Lakers scouting director Jesse Buss, and other scouts, but the last call will be his.
  • The Timberwolves are looking to acquire an additional first-round pick, according to Alex Kennedy of Basketball Insiders (on Twitter).
  • The Rockets have had trade discussions with the Timberwolves, Darren Wolfson of 1500 ESPN tweets.  Houston likes Ricky Rubio, but Wolfson says that it’s hard to see a match there.  However, if the Wolves do move to No. 18, Tyus Jones is probably atop their target list (link).  Meanwhile, there have been no talks yet between the Wolves and Mavs, who own the No. 21 pick (link).
  • The Blazers have internally discussed options to grab Kristaps Porzingis since his ASM pro day, Jake Fischer of SI tweets.

Warriors To Shop David Lee

TUESDAY, 9:36am: The Warriors are looking for Lee takers with their first-round pick, at No. 30, as a potential addendum to a deal, Grantland’s Zach Lowe writes. Golden State nonetheless almost certainly won’t give up two picks, league sources tell the Grantland scribe. Record gate receipts from their Finals run has fueled Golden State’s comfort with absorbing a moderate tax hit, accrording to Lowe, who suggests that Golden State could find a happy medium with its tax payments if it did a buyout with Lee that left a reduced portion of his salary on its books or traded him in a deal that brought back some salary, but not as much as Lee makes.

FRIDAY, 8:07am: Myers wouldn’t rule out the idea of trading Lee but didn’t confirm that the club is actively trying to trade him, either, as he spoke to reporters Thursday and as Monte Poole of CSNBayArea.com relays.

“I know it’s been reported, but we’re still trying to figure out everything with the roster,” Myers said. “At this stage, we usually have more time before the draft or free agency. But I won’t sit here and say we’ve decided anything definitively. If I did, I’d probably end up changing my mind, or we would change our mind. Because what I’ll find out now and what we’ll find out is the next seven days prior to the draft and whatever it is until July 1, there’ll be a lot of different things that’ll be thrown at us that we’ll explore. So it’s not the right time to even say we’re absolutely going in one direction or the other.”

WEDNESDAY, 12:57pm: The Warriors and representatives for David Lee have agreed to work together to find another team willing to take on his salary of nearly $15.494MM for next season, reports Marc Stein of ESPN.com (Twitter link). The news comes as no shock, as a new deal for Draymond Green, which GM Bob Myers this week indicated was a likelihood, would send the team zooming well past the projected $81.6MM luxury tax threshold if Golden State doesn’t shed salary. Lee, the team’s most expensive player this past season, re-emerged in coach Steve Kerr‘s rotation during the Finals, but he’d largely been a non-factor this season prior to that.

The Warriors engaged in serious discussions about Lee with the Jazz near the deadline, according to Spencer Checketts of 1280 The Zone, son of former NBA executive Dave Checketts. Golden State has long been willing to trade Lee for assets of value, but the team hasn’t been on board with simply giving away the favorite of co-owner Joe Lacob, as Tim Kawakami of the Bay Area News Group reported at the deadline. Still, it would appear as though the team would prefer to unload Lee’s salary in exchange for players with little or no guaranteed money, which would make it difficult for Golden State to extract much for him via trade. Lacob wouldn’t rule out trading Lee when Kawakami asked him about it earlier this spring, and Lee last week acknowledged the possibility that the Warriors might trade him in the offseason ahead.

The 32-year-old Mark Bartelstein client has been diplomatic about his reduced playing time, though he admitted in March that it was challenging at times, saying that it would be impossible for him to accept if the Warriors weren’t as successful as they are. He saw just 18.4 minutes per game this past season, by far his fewest since he was a rookie, and just 8.2 MPG in the playoffs.

Lee’s contract, which expires after next season, is nonetheless challenging for the Warriors to move while clearing salary. Golden State would either have to find a willing trade partner with enough cap space to absorb it (the Jazz would likely qualify) or take back non-guaranteed contracts in return in a deal with a capped-out team that must send back salary pursuant to the league’s salary matching rules. No team in the league has a trade exception large enough to take on Lee.

Pacific Notes: Cook, Lakers, Clippers, Lee

Reports have indicated that the Lakers have their sights set on Jahlil Okafor with the second pick in the draft, but Quinn Cook, Okafor’s teammate at Duke, is hoping LA might have some interest in nabbing him later in the night, as Janis Carr of the Orange County Register passes along. Cook described himself as the “biggest Lakers fan you could ever think of,” and while he isn’t a sure thing to get drafted (he’s listed as this year’s 55th best prospect by Jonathan Givony of DraftExpress), the Lakers’ decision to work Cook out means there’s at least a chance LA has some interest in wheeling for a late second round selection to swoop him up. While we wait to see if an Okafor-Cook reunion might be in the works, here’s more out of the Pacific Division:

  • Along with Cook, the Lakers also worked out Branden Dawson, Treveon Graham, Vincent Hunter, Travis Trice, and Aaron White, the team announced on Twitter. Anyone LA might be thinking of taking from this group would likely come late in the second round.
  • The decision that the Clippers made to deal away Spencer Hawes to the Hornets increases the likelihood that the team retains big man Glen Davis, as Ben Bolch of the Los Angeles Times surmises in a tweet.
  • The Warriors never considered trading David Lee at the trade deadline this year, as Golden State owner Joe Lacob tells Sam Amick of USA Today, adding that the front office believed he could help the team win a championship. The decision appears to be a wise one as the Warriors are one win away from taking home the NBA title.
  • Lee acknowledged to Amick in the same piece that he understands there’s a chance he might get moved this summer for the right price. “But I also know that whether it’s here [in Golden State] or somewhere else next year, that I’m going to have a great year, given the opportunity.” Lee said. “I have confidence in myself. It’s not like I played bad and lost my job. I got injured, and things have worked out the way they have, and I’m excited for the future. And most importantly, I hope we can get this done.”

Pacific Notes: Okafor, Lakers, Babby, Schlenk

The Lakers have zeroed in on Jahlil Okafor for the No. 2 pick, multiple league sources tell Chris Mannix of SI.com, who writes in his latest mock draft. Chad Ford of ESPN.com wrote a couple of weeks ago that he didn’t get the sense that Okafor wasn’t a surefire Lakers pick at No. 2 the way that Karl-Anthony Towns would be if the Timberwolves took Okafor first overall, so perhaps Okafor’s workout with the Lakers this week swayed the team’s thinking. Mitch Kupchak is choosing his words carefully, but Bleacher Report’s Kevin Ding has heard enough from the Lakers GM to become convinced that either Towns or Okafor will be the team’s choice. Kupchak made it clear to reporters, including Bill Oram of the Orange County Register, that there need not be a consensus within the front office and that the decision, with the support of the team’s ownership, rests with him (Twitter link). Here’s more on the Lakers’ Pacific Division rivals:

  • Suns president of basketball operations Lon Babby, who will become an adviser on August 1st, didn’t originally intend to remain with the team as long as he has, but the 64-year-old has found it hard not to stay involved, as Paul Coro of the Arizona Republic details. The role reduction, which will make him a part-timer but leave him involved in negotiations and cap management, suits Babby just fine, Coro writes. “This is a perfect outcome,” Babby said. “When I came here, I made it clear to everybody that I thought one of my major responsibilities was to develop a succession plan and prepare the next generation. When I hired [GM] Ryan [McDonough], I made it clear. I said, ‘You don’t need to worry about your career path here. I’m not going to do this forever.’ That was my commitment to him.”
  • Warriors assistant GM Travis Schlenk is believed to be among the potential candidates to fill the vacancy that Kings GM Pete D’Alessandro will reportedly create in Sacramento upon his departure for the Nuggets, writes Jason Jones of The Sacramento Bee. Lakers assistant scouting director Ryan West is another apparent candidate, as Sam Amick of USA Today reported.
  • David Lee saw playing time for the Warriors in Game 3 of the Finals, but he sat out the first two games and admitted to Mannix, writing in a separate piece, that his lack of minutes has been frustrating. Still, Lee takes pride in being a supportive teammate and insists he won’t agitate to play more, and he said that he’s not concerned about the notion that he’ll be a trade candidate this summer, as Mannix details.