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Leftover Cap Details On Bulls/Grizzlies Trade

January 4th, 2019 at 12:57pm CST by Luke Adams

On Thursday, the Grizzlies and Bulls completed the fifth in-season trade of the NBA’s 2018/19 campaign, with Chicago sending Justin Holiday to Memphis in exchange for two players and two second-round draft picks.

While this deal was hardly a blockbuster, it features a few salary cap related details worth noting, so we’ll round those up in this space…

The Bulls create a modest traded player exception:

The Grizzlies had no traded player exceptions large enough to absorb Holiday’s $4,384,616 salary, so they had to aggregate MarShon Brooks ($1,656,092) and Wayne Selden ($1,544,951) for matching purposes. As a result, they didn’t create a TPE as a result of the deal.

On the other hand, the Bulls were able to take on Selden using the minimum salary exception, since he’s earning his minimum. As such, Chicago essentially traded Holiday straight up for Brooks for salary-matching purposes, leaving the Bulls with a trade exception worth the difference between the two players’ salaries: $2,728,524.

Why flipping MarShon Brooks may not be as easy as it seems:

Brooks is earning more than Selden this season because he has more years of NBA experience, but he’s also making the minimum salary. So why were the Bulls able to use the minimum salary exception to absorb Selden, but not Brooks?

Well, even though Brooks is earning his minimum this season, the first season of his deal wasn’t worth the minimum, as cap expert Albert Nahmad notes (via Twitter). The Grizzlies signed Brooks to a two-year pact last April, with just six days left in the 2017/18 campaign. A minimum salary contract would have paid him just $49,877 for those six days, but because Brooks was drawing interest from other suitors, Memphis upped its offer using a portion of its mid-level exception, giving him $249,348. That’s five times the amount of his prorated minimum.

As such, Brooks’ contract isn’t technically considered a minimum salary deal, which is why the Bulls had to account for that $1,656,092 for matching purposes.

Now, with the Bulls reportedly looking to flip Brooks to another team, those same rules apply. Like Chicago, a new trade partner wouldn’t be able to use the minimum salary exception to acquire Brooks. That trade partner would need a trade exception big enough to absorb his salary or would have to send back a contract in return.

That could eliminate a number of potential landing spots for the veteran guard and make it a little more challenging for the Bulls to make a second deal.

The Grizzlies still have a small amount of breathing room below the tax line:

The Grizzlies were pretty close to the luxury tax threshold before this trade. Having taken on a little money in acquiring Holiday, they’re even closer now. According to Bobby Marks of ESPN.com (Twitter link), Memphis has approximately $463K in breathing room before becoming a taxpayer.

While the Grizzlies opened up a roster spot by making a two-for-one deal, using that roster spot on a rest-of-season contract right now would take them into the tax. A veteran player (at least two years of experience) signed to a minimum salary deal today would have a cap hit of $829K.

Teams can begin signing 10-day contracts as of Saturday, and the Grizzlies could fit one of those under the tax line — a veteran on a 10-day deal would cost about $85K. So Memphis could afford five 10-day contracts for the rest of the season. A sixth would take the team into tax territory.

The Grizzlies could make a separate cost-cutting move before the February 7 trade deadline to create a little more wiggle room to sign a player. If they don’t reduce their team salary, however, that 15th roster spot is probably a good bet to remain open for a good chunk of the second half.

Photo courtesy of USA Today Sports Images.

Grizzlies Notes: Holiday, Temple, Casspi, Parsons

January 4th, 2019 at 9:47am CST by Luke Adams

After attempting to send MarShon Brooks and Wayne Selden to Phoenix last month in a three-team trade that would’ve netted them Kelly Oubre, the Grizzlies moved those same players in Thursday’s deal for Justin Holiday. While the deal isn’t as favorable as the one they thought they had for Oubre, that’s why this one was able to get done, Chris Herrington of The Daily Memphian writes in his breakdown of the swap.

Herrington isn’t overly bullish on the trade, noting that it reduces the Grizzlies’ flexibility to some extent — the team has an open roster spot as a result of the two-for-one deal, but probably won’t have enough breathing room under the luxury tax line to fill it right away. Herrington also isn’t sure that Holiday represents a meaningful upgrade over the younger Selden, and notes that Memphis will now likely be left without a pick in the 2019 draft.

Still, as Herrington observes, it’s possible that Brooks’ and Selden’s inclusion in that failed trade with the Suns and Wizards “poisoned the waters” and left those players unhappy. If that was the case, this new deal may help lift any lingering unease in the locker room, making it more worthwhile.

Here’s more out of Memphis:

In the wake of a Wednesday postgame meeting that involved a physical altercation between Garrett Temple and Omri Casspi, GM Chris Wallace apologized to Grizzlies fans and said the team would hand out internal discipline, per an Associated Press report. Wallace was also displeased that details of the incident leaked to the media so quickly, adding that the club would handle that internally as well.
Within that same AP report, Temple and Casspi both addressed the reported altercation, though neither player went into much detail. “Some things were said and some things happened,” Temple said. “At the end of the day we’re brothers. We’ve known each other since we were rookies. At the end of the day, we came out of that meeting … on the same page and we’re moving on from it.”
David Cobb of The Memphis Commercial Appeal wonders if the locker room incident speaks to a leadership void for the Grizzlies.
Chandler Parsons is healthy and wants to get back on the court, but it’s not clear which Grizzlies player(s) should be sacrificing minutes for the oft-injured forward. Chris Herrington of The Daily Memphian takes a closer look at the situation.

Bulls Trade Holiday To Grizzlies For Selden, Brooks, Picks

January 3rd, 2019 at 10:43pm CST by JD Shaw

10:43pm: The trade between the Bulls and Grizzlies is now official, with both teams announcing the agreement in press releases. As expected, Chicago waived Payne to reduce its roster count to 15 players.

6:43pm: The Bulls are trading Justin Holiday to the Grizzlies in exchange for Wayne Selden, MarShon Brooks and two second-round picks, ESPN’s Adrian Wojnarowski reports. Memphis will send its own 2019 and 2020 second-round selections.

Chicago is likely to waive guard Cameron Payne following the trade, Wojnarowski reports.

The trade comes less than 24 hours after the Grizzlies held a postgame meeting that lasted roughly 30 minutes, a conversation which also reportedly included a physical altercation between veterans Omri Casspi and Garrett Temple. Memphis holds just a 18-19 record and is 6-14 since November 22, struggling to gain a strong rhythm on both ends of the floor.

Holiday, 29, has averaged 11.6 points, 4.4 rebounds and 2.2 assists in 38 starts with the Bulls this season. He’ll provide the Grizzlies with backcourt depth as they seek to turnaround an underwhelming last month of action, capable of playing both shooting guard and small forward.

Brooks, 30, earned a spot on the Grizzlies’ roster this season after averaging 20.1 PPG in seven games down the stretch in 2017/18. However, he didn’t play a major role in Memphis in 2018/19, posting 6.6 PPG in 13.3 MPG (29 games). The Bulls are expected to work with his agent and find a new destination for him after the trade, tweets Shams Charania of The Athletic.

Selden, an intriguing third-year player who has also seen his production slip a little in a part-time role for the Grizzlies this season, will report to Chicago as a young asset off the bench.

Interestingly, the package of Brooks, Selden, and a pair of second-round picks is exactly what the Grizzlies believed they were giving up for Kelly Oubre in a failed three-team trade with the Suns and Wizards last month. That deal fell apart because the Suns were under the impression they was getting Dillon Brooks rather than MarShon.

The Bulls received interest from multiple teams on Holiday, according to Charania (Twitter link), but ultimately settled on this trade with the Grizzlies. Chicago has the third-worst record in the Eastern Conference at 10-28 and has lost six of its past 10 games.

Photo courtesy of USA Today Sports Images.

Central Notes: Love, Hutchison, Ilyasova, Parker

January 1st, 2019 at 6:35pm CST by Dana Gauruder

Trade talks involving Cavaliers forward Kevin Love will heat up in the coming weeks, Marc Stein of the New York Times predicts in his latest newsletter. Love, who signed a four-year, $120MM extension over the summer, becomes trade eligible on January 24th. Love is still sidelined after undergoing toe surgery but could return to action sometime this month. Love is still regarded by some NBA executives as a difference-maker who could be available despite the Cavaliers’ insistence they don’t want to deal him, according to Stein. The Nuggets might be a team to watch, since they have coveted Love for years and may be in a win-now mode, Stein adds.

We have more from around the Central Division:

Bulls first-round pick Chandler Hutchison has embraced the role of defensive stopper, Joe Cowley of the Chicago Sun Times writes. Hutchison is averaging a modest 4.2 PPG and 3.5 RPG in 17.2 MPG but he has heeded coach Jim Boylen’s urging to become a defensive presence. “For me right away that was the first thing I noticed was I can help the team,’’ Hutchison told Cowley. “Then one thing leads to the next if you can help the team. Coaches are going to find a way to get you on the floor, which is a reward for me, but also if I can help the team in areas that we need help, it’s going to help us win.’’
Bucks coach Mike Budenholzer plans to keep power forward Ersan Ilyasova in the rotation when he returns from a fractured nose that required surgery, Matt Velazquez of the Milwaukee Journal Sentinel reports. Ilyasova, who suffered the injury during a December 16th practice, could return to action this weekend. Second-year man D.J. Wilson has played well in his absence. “Ersan’s somebody that we think we’ll find minutes for and then (with) those young guys, keep trying to figure out how we can keep them involved and growing and developing, but I guess for me it’s a couple days away,” Budenholzer said.
The Bulls have tried to package forward Jabari Parker with the expiring contracts of either swingman Justin Holiday or center Robin Lopez in preliminary trade talks, K.C. Johnson of the Chicago Tribune reports. Parker, who has been benched by Boylen, has a $20MM team option on his contract for next season. Holiday is making approximately $4.4MM, while Lopez is pulling in $14.35MM this season.

Scotto’s Latest: Bazemore, Porter, Holiday, Dieng

January 1st, 2019 at 2:47pm CST by Arthur Hill

Any team that trades for Hawks forward Kent Bazemore should prepare to pay him beyond this season, according to Michael Scotto of The Athletic. Scotto shares a few rumors in a column on New Year’s resolutions for all 30 teams, including a report that Bazemore is leaning toward exercising his $19.27MM player option for next year.

That would represent a modest raise for the 29-year-old, who is making a little more than $18MM this season. Bazemore, who is sidelined with a right ankle sprain that will keep him out for at least two weeks, is one of the most popular names on the trade market, with the Rockets among the teams already expressing interest in acquiring him.

Scotto offers a few more interesting tidbits sprinkled among his advice for 2019:

The Mavericks have expressed interest in trading for Wizards forward Otto Porter. Washington faces luxury tax concerns this season and beyond and will owe Porter nearly $56MM over the next two years if he exercises his player option for 2020/21. Porter’s production has declined in his sixth season, and the Wizards may concentrate on fixing their long-term salary structure after John Wall elected to have heel surgery that will sideline him for six to eight months.
After losing out on the Jimmy Butler sweepstakes, the Rockets have continued to search for a defensive-minded wing who can hit 3-pointers. Among the players they called about is Justin Holiday, who is averaging 11.8 PPG with the Bulls and ranks eighth in the league in made threes with 96. Holiday has an expiring $4.4MM deal, so he would be a low-cost option for any contender. Houston is also looking for a rim protector to back up Clint Capela.
The Timberwolves tried again to find a taker for center Gorgui Dieng, who has become a little-used reserve, playing just 13.7 minutes per night. Minnesota attempted to unload Dieng, who is owed about $33.5MM over the next two seasons, in Butler trade talks but couldn’t find anyone willing to take on that salary.
D’Angelo Russell‘s friendship with Suns star Devin Booker may make him an option for Phoenix. Russell is headed for restricted free agency this summer and the Suns need a long-term solution at point guard. The extension the Nets gave to Spencer Dinwiddie could make them reluctant to invest heavily in Russell.

Charania’s Latest: Kings, Mavs, Simmons, Celtics

December 27th, 2018 at 11:30am CST by Luke Adams

The Kings were identified earlier this month as a probable buyer on the trade market, but rival executives don’t sense any urgency to make major changes in Sacramento, writes Shams Charania of The Athletic. At 18-16 so far this season, the Kings are ahead of schedule in their rebuilding process and are essentially “playing with house money” at this point, Charania notes.

With a handful of veterans on expiring contracts and about $11MM in cap room available immediately, the Kings are in a good position to make a move if they so choose. However, it sounds unlikely that Iman Shumpert – one of those veterans on an expiring contract – will be going anywhere. De’Aaron Fox has credited Shumpert for bringing leadership and championship experience to Sacramento, writes Charania.

Here’s more from Charania:

The Mavericks want to improve their roster and are “open for business,” according to Charania, who reiterates that teams around the NBA are monitoring Dennis Smith Jr. We heard earlier this week that Dallas has gauged the market on Smith.
Rival teams believe Magic swingman Jonathon Simmons will be among the players available on the trade market this season, per Charania. A previous report indicated that Orlando would probably prefer to move Simmons instead of Terrence Ross.
Major in-season changes are unlikely in Boston, since trading a player like Terry Rozier or Jaylen Brown for a draft pick wouldn’t help the Celtics win now. As Charania details, the C’s may re-evaluate their roster closer to the deadline, but the club is unlikely to cash in any major assets until at least the 2019 offseason.
The Rockets have had discussions about Hawks wing Kent Bazemore, who is expected to draw interest from multiple contending teams, according to Charania.
Several teams have inquired with the Bulls about Justin Holiday, league sources tell Charania.
Cavaliers guard J.R. Smith is known to be on the trade block, but clubs with interest in Smith are monitoring the situation to see whether he’ll end up on the buyout market, Charania writes.
Charania wonders if the Grizzlies‘ decision to make Chandler Parsons a healthy inactive will eventually lead to a standoff between the player and the team.

Jim Boylen Solidifies Position With Bulls

December 25th, 2018 at 11:20am CST by Arthur Hill

With a potential player revolt now behind him, new coach Jim Boylen seems to have the Bulls headed in the right direction and may be in position for an extension this summer, according to Joe Cowley of The Chicago Sun-Times.

Boylen has enjoyed the full support of team management since taking over after the firing of Fred Hoiberg three weeks ago. He was empowered to bring toughness that many believed was lacking under Hoiberg, and it appears the players are starting to buy in. Chicago has won three of its last five games, including a victory in San Antonio.

“I have been in the league awhile,’’ Boylen said about his relationship with the front office. “If the time comes where they need my support, I’ll be there for them all night long. Whatever they need. We are connected. Never felt more supported in anything in my life and I appreciate it.’’

Cowley adds that Boylen, who wasn’t given an interim title when he took over the job, is almost certain to return next season, with or without an extension. However, that’s not true for everyone as the Bulls are expected to be active in trade talks through the February 7 deadline. Here’s the status of several players currently on the roster, according to Cowley:

It’s no secret Chicago wants to move Jabari Parker, who was an expensive free agent addition over the summer. Parker was pulled from the rotation shortly after Boylen took over and hasn’t played at all since December 13.
Robin Lopez could be a backup center for a contender and has an expiring contract worth nearly $14.4MM, but Cowley doesn’t expect the Bulls to get more than a second-round pick in return. Justin Holiday, with a $4.4MM expiring deal, may also be in demand.
Kris Dunn‘s improved play of late may keep him in Chicago. Part of the return in the trade that sent Jimmy Butler to Minnesota, Dunn is working toward “core status” with the organization. He will be eligible for a contract extension next summer.

Pelicans Have Trade Targets In Mind

December 19th, 2018 at 6:19pm CST by clarkcrum

As we relayed just last week, the Pelicans are among a handful of teams who have been active prospective buyers on the trade market so far this season. Additional details have emerged from Jordan Brenner of the Athletic, who notes that the Pels are primarily interested in obtaining a long, defensive-oriented swingman/small forward before the trade deadline.

Some of the names that Brenner hears as potential targets in New Orleans from conversations with team executives, scouts and an assistant coach are the Pistons’ Stanley Johnson, Bulls’ swingman Justin Holiday, Hawks’ swingman Kent Bazemore, Nets’ veteran DeMarre Carroll, and even J.R. Smith – players who can knock down open threes and use their length on defense. Steve Kyler of Basketball Insiders also adds Lakers’ trade candidate Kentavious Caldwell-Pope to that list.

And while none of these players may push the Pelicans to the next echelon of NBA teams, a trade for one of them would at least represent progress as the front office stares into the possibility of losing Anthony Davis to free agency or a trade demand if they do nothing.

Right now, the Pelicans have E’Twaun Moore and Solomon Hill playing the 3, but while Moore is vastly undervalued and on a team-friendly contract, he’s only 6’4” and not a viable small forward defensively. As Brenner notes, New Orleans has acknowledged as much by moving Moore to the bench and giving Hill another run in the starting lineup. But Hill has not shown he’s a capable piece moving forward either.

Unfortunately for the Pelicans, they have few assets to offer in any trade. Hill’s contract runs through 2020, Wesley Johnson and Darius Miller are on expiring deals but are only making $6.1MM and $2.2MM, respectively, and young assets like Cheick Diallo and Frank Jackson haven’t shown enough promise to net a real return.

Bulls Notes: Markkanen, Leadership Committee, More

December 14th, 2018 at 7:10pm CST by Luke Adams

While not every Bulls player was on the original group text that discussed a possible boycott of last Sunday’s practice, Lauri Markkanen was — and his voice “resonated immediately” when he urged teammates to show up, writes K.C. Johnson of The Chicago Tribune.

“I thought that was a more professional way to go about it,” Markkanen said of going to the team facility on Sunday. “I thought about other members of the staff. Like, they show up to work. Obviously, this isn’t the main point, but some of the staff lives an hour away and they come to work. I try to think how disrespectful that is to tell them that we wouldn’t show up.”

As Johnson details in that story, Markkanen believes he can be one of the leaders of the Bulls, and it appears he’ll get the opportunity to play that part. As Johnson tweeted on Thursday, the team’s new “leadership committee” will be comprised of Zach LaVine, Robin Lopez, Justin Holiday, Bobby Portis, and Markkanen. According to Johnson (Twitter link), the committee was originally just going to be four players, but Markkanen asked to be added.

Here’s more from out of Chicago:

With the Bulls facing plenty of outside criticism for the drama involving Boylen and his team, executive VP of basketball operations John Paxson pushed back this week against those critics, as Joe Cowley of The Chicago Sun-Times relays. “The only thing that discourages me is when there are storylines out there and no one asks us our side of the story,” Paxson said. “It’s easy to look from the outside in and gather information from other people around the league that you know, but if you’re not coming directly to us, how do you really know? I’m confident in what we’re doing. … There’s so much noise out there, so much negativity. I don’t feel it inside our building or our locker room. Like I said, I think that what happened the last week, long term, will be a good thing.”
Addressing the situation in Chicago on Thursday, commissioner Adam Silver said that no one from the players’ union contacted him this week about the Bulls, and he plans to stay out of matters relating to the “operation of any particular team.” Cowley has the details and the quotes for The Sun-Times.
K.C. Johnson of The Chicago Tribune answered several Bulls-related questions in his mailbag earlier this week.
Earlier today, we passed along word that the Bulls have engaged in some Jabari Parker trade talks. That full story is right here.

Bulls Players Reached Out To NBPA About Boylen’s Tactics

December 10th, 2018 at 2:21pm CST by Luke Adams

It was an odd weekend for the Bulls, who picked up a rare win on Friday, suffered the worst loss in team history on Saturday, then held a pair of meetings on Sunday in lieu of the practice that head coach Jim Boylen had reportedly planned. As we relayed this morning, some Bulls players had originally wanted to skip Sunday’s practice altogether, discussing the idea beforehand in a group chat, but Robin Lopez and Lauri Markkanen were among those who convinced everyone to show up and voice their concerns.

Speaking today to reporters, including K.C. Johnson of The Chicago Tribune (Twitter link), Boylen pushed back on the idea that his team – as a whole – was opposed to practicing on Sunday.

“That is not true that ‘they’ didn’t want to have practice. ‘They’ means everybody. That is not true. I don’t like that narrative,” Boylen said, per Johnson. “The truth is we had a couple guys who thought a Sunday practice was excessive after the week we had. They have to trust me that if I bring them in to practice, I’m going to manage their legs. They didn’t understand that. So I explained to them that you have to trust me that I’m going to do what’s best for this team. What was best was coming in, being together and growing.”

As Johnson explains (via Twitter), it’s not as if Boylen’s tactics are at odds with what Bulls ownership and management wants from him — while his coaching style definitely reflects his personality, Boylen also has an organizational mandate to push his players hard, says Johnson. The head coach said as much on Monday, as Joe Cowley of The Chicago Sun-Times relays.

“My job, I tell them this and you guys have heard me say this, is to try and push our guys to a place they can’t take themselves,” Boylen said. “That’s pushing them outside their comfort zone. That’s what my job is, that’s what the Reinsdorfs are paying me for. I take that very seriously, so I explained that to them.”

As Boylen doubles down on his hard-nosed approach to the head coaching job, Vincent Goodwill and Chris Haynes of Yahoo Sports report that Bulls players contacted the National Basketball Players Association on Sunday about Boylen’s tactics. Having already gone through three two-and-a-half hour practices since Boylen took over last Monday, the players reached out to the union when it appeared that another grueling practice was on tap for Sunday following a back-to-back set.

Haynes and Goodwill passed along several more fascinating tidbits on the situation in Chicago. We’ll round up a number of the highlights here:

Following Saturday’s game, one of the team’s veterans said – in a group text with his teammates – that if anyone showed up to Sunday’s practice, the vet would personally fine them, according to Haynes and Goodwill. Some players agreed, but with Boylen aware of the plan and refusing to relent, the players ultimately decided to show up, even though they had no intention of practicing.
Lopez, who wasn’t part of the initial group chat, played a major role in getting the players to back down, per Yahoo’s report. The veteran center also said today that the team “came out the better for it” after Sunday’s meetings, but admitted that he wished Fred Hoiberg had been given the chance to coach a fully healthy roster this season, according to Malika Andrews of ESPN.com.
Sources close to Boylen tell Haynes and Goodwill that the coach wasn’t actually planning to conduct a rigorous practice on Sunday. K.C. Johnson previously reported the same thing, writing that Boylen simply planned to have his players watch film and get some shots up. It’s not clear whether or not that’s revisionist history, considering Boylen said on Saturday night that he pulled his players early on Saturday in a “premeditated” move so that they’d be able to practice on Sunday.
Boylen, who has had “numerous verbal confrontations” with Bulls players since the start of the 2018/19 season, went against the usual postgame protocol by making players watch film immediately after last Tuesday’s loss to Indiana. Sources tell Haynes and Goodwill that Bulls players felt like they were being treated like high school athletes, and felt further disrespected when Boylen told the media later the players had to get in better shape.
When the Bulls told Boylen on Sunday that they weren’t practicing, Zach LaVine and Justin Holiday were the “most vocal,” sources tell Haynes and Goodwill. Sensing “turmoil” in Chicago, some teams have begun looking into Holiday’s availability, though it’s not yet clear if the Bulls will engage in trade talks, according to Haynes and Goodwill. Previous reports have suggested Holiday, who is on an expiring contract, should be available.
Defending his decision to sub out all five starters at once during Saturday’s game, Boylen cited Gregg Popovich and the Spurs when speaking with his team on Sunday. According to Haynes and Goodwill, one player responded by telling Boylen, in essence, that the Bulls “aren’t the Spurs and, more importantly, he isn’t Popovich.”