Lance Stephenson Rumors | Hoops Rumors

Hornets Sign Lance Stephenson

July 18th, 2014 at 12:09pm CST by Chuck Myron

FRIDAY, 12:09pm: The deal is official, the team announced via press release:

“We are extremely excited to add Lance to our team,” Hornets GM Rich Cho said. “He is a great up-and-coming player with an incredibly high ceiling. He is an exceptional athlete who has the versatility and skill to play multiple positions on both offense and defense. We believe he will be an outstanding addition to our roster.”

WEDNESDAY, 8:07am: The Hornets will sign Lance Stephenson to a three-year deal, reports Rick Bonnell of the Charlotte Observer. It’s worth $27.5MM, according to Shams Charania of RealGM. The value of the deal is $9MM in the first two seasons and $9.5MM in the final year. Both Bonnell and Charania refer to that third season as a team option, but I wouldn’t be surprised if it was a non-guaranteed year instead, since few veteran free agent deals include team options.

The agreement is for fewer years and less money than the five year, $44MM offer the Pacers made, but the average annual value is slightly greater. There were conflicting reports about Charlotte’s interest in Stephenson immediately after talks between thee Pacers and the Alberto Ebanks client hit a snag. In any case, the Hornets made a push late Tuesday, as owner Michael Jordan, GM Rich Cho, coach Steve Clifford and other Hornets officials met with Stephenson in Las Vegas, and the sides quickly came to a deal, as Charania details.

Stephenson came close to signing with the Mavs, and he was finalizing a deal with them before the Rockets decided against matching the Dallas offer sheet for Chandler Parsons, Charania reports. The Pistons, Bucks, Lakers and Bulls all made contact with Stephenson, too, according to Charania.

The news is a blow to the Pacers, and president of basketball operations Larry Bird in particular, who had reportedly been fond of the temperamental 23-year-old shooting guard. Bird hinted during the season that re-signing Stephenson was a priority for the club, and Stephenson made plenty of indications that he intended to come back. Still, the Pacers set a price ceiling that they steadfastly wouldn’t exceed, and once talks with Stephenson came to an impasse, they made a series of agreements that largely eliminated their space beneath the luxury tax threshold, a line the team has refused to cross in recent years.

The Hornets are using cap room to come to the agreement. They had reportedly been likely to make an amnesty waiver claim on Carlos Boozer using their cap space. The Stephenson deal probably takes them out of the running for Boozer, though that’s just my speculation.

Photo courtesy of USA Today Sports Images.

Central Notes: Love, Allen, Stuckey, Bucks

July 17th, 2014 at 9:03pm CST by Alex Lee

The reports are pouring in fast and furious on the negotiations between the Cavaliers and Timberwolves for Kevin Love. While conflicting rumors persist, Ken Berger of CBS Sports simplifies it for us in his latest piece. Quite basically, LeBron James wants Love in Cleveland and Minnesota wants Andrew Wiggins for Love. And LeBron usually gets what he wants. Beyond that, Berger points out that these negotiations are a sign of things to come with regard to the leverage James holds within the Cleveland organization.

Grantland’s Zach Lowe weighs in on the talks as well (via Twitter), suggesting that the Wolves should immediately pull the trigger if Wiggins is on the table. However, as Chris Mannix of Sports Illustrated tweets, the “general feeling” at summer league was that Minnesota would require more than just Wiggins in a deal for their coveted superstar.

Here are some additional notes from the Central division on Thursday night:

Mike Miller said in an ESPN Radio appearance that he’s selling Ray Allen on becoming the latest former Heat player to join the Cavaliers, but Allen is still considering retirement and has spoken with multiple teams this month, sources tell Brian Windhorst of ESPN.com.
The Pacers stayed in touch with Rodney Stuckey all month, the guard told Candace Buckner of the Indianapolis Star today, seemingly countering a report that made it seem as though the team shied away from him after contacting him early in free agency. Stuckey agreed Wednesday to a one-year deal with Indiana for the minimum.
Bucks co-owner Wesley Edens revealed the franchise’s minority share owners on Thursday, a list that did not include Packers quarterback Aaron Rodgers, writes Charles F. Gardner of the Journal Sentinel. Edens didn’t rule out potential for Rodgers’ involvement in the franchise, however. The list contains six local names, corresponding with a May report that the ownership duo of Edens and Marc Lasry hoped to add five to ten investors.
Jesse Biancarte of Basketball Insiders examines what the loss of Lance Stephenson will mean for the Pacers next season, opining that Indiana has the pieces to maintain their dominance on defense but will struggle to replace the Cincinnati product on the other end of the floor.

Texas Notes: Mavs, Nowitzki, Rockets, Messina

July 16th, 2014 at 2:15pm CST by Chuck Myron

The Mavs‘ offer to Lance Stephenson was for two years and $20MM, rather than three years at that total, according to Adam Zagoria of SNY.tv, who corrects his earlier report (Twitter link). Chris Broussard of ESPN.com confirms that the sides had a “handshake agreement” on a two-year, $20MM pact contingent on the Rockets matching the Dallas offer to Chandler Parsons. Of course, the Rockets declined to match, and Stephenson wound up with Charlotte instead. There’s more on another offer the Mavs have made amid the latest from the Lone Star State:

Dallas is willing to give summer league swingman Eric Griffin a partially guaranteed deal, reports Keith Schlosser of Ridiculous Upside. Griffin, who went undrafted out of Campbell in 2012, was in camp with the Heat last autumn. It’s unclear whether he’ll accept what the Mavs have on the table, indicating other NBA clubs may have interest, though that’s just my speculation.
A source close to the Lakers denied that the team floated a maximum-salary offer to Dirk Nowitzki, telling Mark Medina of the Los Angeles Daily News that the Lakers would never have done so.
The Rockets intend to sign second-round pick Nick Johnson this summer, a source tells Chris Haynes of CSNNW.com (Twitter link). The shooting guard from Arizona went 42nd overall in last month’s draft.
The Spurs officially hired European coaching star Ettore Messina as an assistant coach Tuesday, the team announced, more than a month after GM R.C. Buford denied a report that they were close to a deal. Messina appeared to be a strong candidate for the Jazz head coaching vacancy this spring and was mentioned in connection to the Lakers head job, too.

Eastern Notes: Stephenson, Miller, Knicks

July 16th, 2014 at 10:15am CST by Chuck Myron

Some Pacers players attempted to persuade the team to sweeten its offers to Lance Stephenson, but the front office resisted, according to Sean Deveney of the Sporting News. Stephenson agreed early this morning to bolt for the Hornets, and as his new three-year, $27.5MM deal quickly came together, the Pacers never received the opportunity to match Charlotte’s offer, as Candace Buckner of the Indianapolis Star writes. There’s more on his deal amid the latest from the Eastern Conference:

The Mavs made a three-year $20MM offer to Stephenson, reports Adam Zagoria of SNY.tv (Twitter link). The new Hornets two-guard would have joined the Mavs instead if the Rockets hadn’t passed on matching the Mavs’ offer sheet to Chandler Parsons, according to Chris Broussard of ESPN.com.
The Pacers made two different five-year offers to Stephenson, but he rejected them both, favoring a shorter arrangement, agent Alberto Ebanks tells Buckner (Twitter link). Indiana wasn’t willing to go shorter than five years, Broussard writes in his piece.
The Nuggets had a three-year, $12MM offer on the table for Mike Miller, but he passed it up for two years and $5.5MM with the Cavs thanks to persistent entreaties from LeBron James, as Jeff Goodman of ESPN.com details.
Knicks president Phil Jackson thinks the team has too many guards, and he may end up waiving Wayne Ellington, whom New York acquired in the Tyson Chandler trade, writes Marc Berman of the New York Post.
The Jazz almost doubled the average annual value of the deal that the Wizards were willing to give Trevor Booker, according to J. Michael of CSNWashington.com.
The Hawks held on to Pero Antic through Tuesday, meaning his non-guaranteed salary for 2014/15 has become fully guaranteed for $1.25MM. The same is true for Kyle O’Quinn, whose minimum salary with the Magic went from non-guaranteed to fully guaranteed when Orlando kept him Tuesday.

Hornets Interested In Lance Stephenson

July 15th, 2014 at 9:29pm CST by Ryan Raroque

9:29pm: Stephenson will meet with Hornets brass in Las Vegas tomorrow, tweets Alex Kennedy of Basketball Insiders.

9:13pm: The Hornets are looking into possibly signing Lance Stephenson, reports Rick Bonnell of the Charlotte Observer. As Bonnell mentions, the team hadn’t shown much interest in Stephenson once free agency began; however, having lost out on Gordon Hayward after Utah decided to match the Hornets’ offer sheet for the young forward, it doesn’t come as much of a surprise that they’d target another prominent free agent swingman.

Earlier this month, talks between Stephenson and Indiana reached an impasse, as the 6’5 guard chose not to accept a five-year, $44MM deal. Yesterday, we heard that the Pacers couldn’t increase their offer for more than what they’ve already presented to Stephenson. Today, Pacers owner Herb Simon gave Candace Buckner of the Indianapolis Star a brief description about where the franchise currently stands with respect to negotiations. “We made him a wonderful offer and they didn’t think it was enough so it’s a simple situation” (Twitter link).

And-Ones: Davis, Pacers, Thunder, Miller

July 14th, 2014 at 11:21pm CST by Eddie Scarito

Baron Davis is preparing himself for a return to the NBA this fall, reports Jared Zwerling of Bleacher Report (Twitter links). When asked what offensive system he likes, Davis said the Clippers’ and the Warriors’. Davis feels like he can play 15-20 minutes per game next year, notes Zwerling.

Here’s more from around the league:

Mike Miller is leaning towards signing with the Cavaliers, but the Nuggets are still in play for the free agent’s services, tweets Jeff Goodman of ESPN.com.
With LeBron James headed back to Cleveland, and Pau Gasol on his way to Chicago, the Central Division has gotten much tougher for the Pacers, writes Michael Marot of The Star Tribune. This makes re-signing Lance Stephenson even more of a priority, opines Marot.
Thunder assistant coach Brian Keefe will join Derek Fisher‘s coaching staff in New York, reports Darnell Mayberry of the Oklahoman.
The Thunder have to keep building their roster through the draft because the franchise is continuing to have difficulty luring free agents to Oklahoma City, writes Jon Hamm of ESPN.com.
With many of the biggest names in free agency now spoken for, Fred Kerber of The New York Post runs down the winners and losers in free agency thus far.
The Mavericks aren’t done upgrading their roster, writes Dwain Price of the Fort Worth Star-Telegram. President of basketball operations Donnie Nelson said, “We’re always looking for help in the backcourt, with an eye on 3-point shooting, and then kind of a rangy defender would be nice as well. We’re still in search of those, but those spots don’t necessarily need to be filled through free agency. Obviously there are trades and all kinds of other ways you can do that.”
The Warriors may be interested in free agent Brandon Rush, writes Diamond Leung of the Bay Area News Group. Rush averaged 9.7 PPG and 3.8 RPG in 67 games with Golden State before getting injured last season. GM Bob Myers said of Rush, “Rush was great. Everybody that’s been a fan saw how good he was for us, so if he’s healthy, and he can play, which we hear he can — we’ll go watch him and see — it’s a good addition if we could get him. You don’t know what the price would be, but we like Brandon.” The article also notes that Rush is scheduled to hold a workout for interested teams soon.

Eastern Notes: Humphries, Meeks, Patterson

July 14th, 2014 at 10:05pm CST by Eddie Scarito

Free agent Kris Humphries is still open to returning to the Celtics, writes Ben Rohrbach of WEEI 93.7 FM. Humphries said, “I could definitely see it. My agent handles most of the stuff with free agency. We’ll see what happens. I definitely could see it. I played out last year and didn’t look to jump to a playoff team before the end of the year, so I definitely enjoyed my time there, and we’ll see what happens.”

Here’s the latest from the east:

Jodie Meeks wants to reward the Pistons on the court this season for making his signing a priority, writes Vincent Goodwill of The Detroit News. Meeks said, “I was their No. 1 priority. He [Stan Van Gundy] liked the way I competed on offense and defense. That’s my motto: Not worry about the bad shooting nights. Just play hard and let the chips fall where they may.”
Patrick Patterson never had any desire to leave Toronto, which made his decision to re-sign with the Raptors easy, writes Mike Ganter of the Toronto Sun. On remaining in Toronto, Patterson said, “Toronto was always one of my top choices as far as coming back. The fans and organization and the team and the friendships I have with these guys — I didn’t want to leave. I didn’t want to give those up, so there was no real uncertainty or doubt. It was all about coming to the right terms and getting everything situated.”
The Bucks may announce their new partial owners soon, possibly as soon as tomorrow, reports Gery Woelfel of The Journal Times (Twitter link).
Van Gundy admits that Greg Monroe‘s contract situation with the Pistons has him a “little nervous,” writes David Mayo of MLive. Van Gundy said, “The nervousness is just the unknown. It’s not knowing, beyond this year, especially, where you’re going. But again, we have plenty of time, if something happened, to adjust for next year and everything else.”
The Lance Stephenson free agency situation could drag out for awhile, tweets Chris Mannix of SI.com. A league executive told Mannix that the Pacers couldn’t increase their offer much more above what they have already presented Stephenson.

And-Ones: Monroe, Celtics, Siva, Anthony

July 13th, 2014 at 12:40pm CST by Eddie Scarito

There is a possibility that restricted free agent Greg Monroe is avoiding signing any offer sheets in order to force a sign-and-trade deal out of Detroit, writes David Mayo of MLive. If Monroe never signs an offer sheet, the Pistons have nothing to match, and his agent David Falk could attempt to force a sign-and-trade to a preferred destination or advise Monroe to sign a qualifying offer which would then make Monroe an unrestricted free agent in 2015, notes Mayo.

Here’s more from around the league:

The Celtics best bet is to hold off on making any big moves until the summer of 2015, writes Chris Forsberg of ESPNBoston.com. In the piece, Forsberg breaks down Boston’s salary cap for the next two summers and weighs in on what moves the team could make.
If the Rockets match the offer sheet that Chandler Parsons signed with the Mavericks, this won’t leave Dallas with many options at small forward, writes Tim MacMahon of ESPNDallas.com. If the Mavs miss out on Parsons, look for them to make a run at Lance Stephenson, notes MacMahon.
The Mavericks have a history of losing out on restricted free agents, MacMahon writes in a separate article.
Carmelo Anthony‘s impending return to the Knicks was about business for both sides, not sentiment, writes Mike Vaccaro of The New York Post.
Anthony’s return to the Knicks signifies he’s more concerned about being paid than he is about winning, though that shouldn’t necessarily make him an object of scorn, writes J.A. Adande of ESPN.com
Peyton Siva’s non-guaranteed minimum salary contract became fully guaranteed for the coming season when he remained on the Pistons roster through Saturday.
The Hornets and the Mavericks are showing interest in free agent guard D.J. Augustin, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link).

Free Agency Notes: Deng, Augustin, Mavs

July 12th, 2014 at 10:08pm CST by Cray Allred

The Pacers organization is presenting a united in front in their attempts to convince Lance Stephenson to re-sign with Indiana, reports Michael Marot of The Associated Press. Indy brass, coaches, and players are hopeful they can challenge again in the East with Stephenson back aboard now that LeBron James has fled Miami. Here are more of the night’s free agency rumblings:

The Suns are now trying to break into the Luol Deng sweepstakes, tweets Marc Stein of ESPN.com.
Both the Hornets and Mavs are interested in free agent point guard D.J. Augustin, tweets Adrian Wojnarowski of Yahoo! Sports.
The Mavs have also shown interest in Mo Williams and Mike Miller in their ongoing attempts to recover three-point shooting now that Jose Calderon and Vince Carter are gone, reports Eddie Sefko of The Dallas Morning News.
The Mavs are likely to re-sign backup center Bernard James, a source tells Tim MacMahon of ESPNDallas.com.
MacMahon tweets that Dallas’ acquisition of Greg Smith indicates the team has moved on from DeJuan Blair, who is presumably after a more lucrative deal than the minimum contract the Mavs were willing to offer.

Eastern Rumors: Knicks, Miller, Deng, Ariza

July 12th, 2014 at 9:32pm CST by Cray Allred

With Carmelo Anthony set to re-sign with the Knicks, New York can now focus on setting up a supporting cast to play alongside him. One name they’re interested in re-signing is Toure’ Murry, tweets Chris Herring of the Wall Street Journal. Here’s more from around the East:

Phil Jackson is said to be willing to include Iman Shumpert as part of a deal to dump the contracts of Amar’e Stoudemire, Andrea Bargnani, or J.R. Smith, writes Sean Deveney of The Sporting News.
There is a gap between what the Cavs can offer and what Mike Miller is seeking, but not enough to end their talks, tweets Jeff Zillgitt of USA Today.
In contrast to an earlier report of the Hornets interest in Lance Stephenson, Rick Bonnell of the Charlotte Observer tweets that Charlotte has shown no such signs.
The Heat are now open to bringing free agent Mario Chalmers back at the right price, writes Ira Winderman of The Sun Sentinal. Miami drafted point guard Shabazz Napier, and was reportedly looking to sign-and-trade Chalmers before LeBron James elected to take his talents away from South Beach.
The Hawks have re-engaged talks with Luol Deng, tweets Adrian Wojnarowski of Yahoo! Sports. We heard earlier that the two sides had reached an impasse on salary for the veteran small forward.
Kent Bazemore was in contract discussions with the Lakers when he agreed to join the Hawks, but Atlanta’s urgency precluded Los Angeles from re-signing the guard on their time table, reports Marc Stein of ESPN.com.
Trevor Ariza received the same offer from the Wizards as he agreed to with the Rockets, but the difference in taxes between Washington and Houston will save him approximately $3MM, tweets Michael Lee of The Washington Post.
Ariza asked for an annual salary of $10MM to stay with the Wizards, sources tell J. Michael of CSNWashington.com. Michael says that Washington declined to meet Ariza’s demands in order to maintain cap space in 2016, when Kevin Durant will become a free agent.

Charlie Adams contributed to this post.