Luis Scola

Rockets Amnesty Luis Scola

FRIDAY, 2:33pm: The Rockets have officially released Scola via the amnesty clause, tweets ESPN.com's Marc Stein.

THURSDAY, 8:57pm: Eric Pincus of HoopsWorld points out why Scola could actually clear the amnesty waivers and become an unrestricted free agent. An amnesty bid requires the incorporation of the non-guaranteed amount of the contract. While Scola was guaranteed $9.4MM and $10.2MM for the next two seasons, his final season was for $11MM with just $1MM guaranteed. A bidding team would have to account for the non-guaranteed $10MM over the life of the original deal (three years in this case), thus starting the bid at a minimum of around $3.3MM. Pincus mentions that teams won't have that kind of cap space to make such an offer, which increases the possibility that Scola clears waivers.

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Rockets Reconstruct Trade Offer For Howard

11:35am: Jonathan Feigen of the Houston Chronicle tweets that he doesn't believe last year's rookies (Morris, Parsons) and this year's three draftees (Lamb, White, Jones) are all a part of the Rockets' offer, but that many of them could be involved.

7:43am: In an effort to convince the Magic to deal Dwight Howard directly to Houston, the Rockets are in the process of reconstructing their trade proposal for the star center, according to an ESPN.com report by Marc Stein and Chad Ford. Stein and Ford write that the Rockets are looking to clear the necessary cap space to absorb at least three additional contracts in addition to Howard's, from a group that includes Hedo Turkoglu, Chris Duhon, Glen Davis, and Jason Richardson.

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Rockets Consider Using Amnesty On Luis Scola

While an earlier report suggested the Rockets are trying to trade Luis Scola to clear space for a Dwight Howard deal, Jonathan Feigen of the Houston Chronicle says the team is considering using the amnesty clause on him, likely within the next 48 hours. Scola is set to make close to $8.6MM next year, and has another guaranteed year worth $10.2MM after that. He also has a non-guaranteed $11MM season tacked on the end of his deal.

Trade talks between the Magic and the Rockets grew "serious" Wednesday before the Magic backed off, Feigen writes. The Rockets will be careful to preserve assets conducive to a deal as they pursue free agents like Aaron Brooks and others.

Dwight Howard Rumors: Wednesday

In yesterday's round of Dwight Howard rumors, we learned that the Cavaliers had pulled out of the complicated four-team talks that included the Nets and Magic. The Nets are still in the mix for Howard, but are focusing more on one-on-one talks with Orlando now. Meanwhile, the Magic continue to talk with other teams, including the Rockets, Lakers, and Hawks, about a variety of trade scenarios involving the star center. What will today bring? We'll track the latest right here….

  • According to SI.com's Sam Amick, the Magic could simply let the Nets fall out of the race for Howard and seek another trade partner. Amick adds that the Rockets have been calling around looking for a taker for Luis Scola, in an effort to allow the Magic to clear more cap space in a Howard deal.
  • Among the Nets' reasons for accelerating the Howard talks: They're concerned that the Trail Blazers will step in and sign Brook Lopez to an offer sheet after missing out on Roy Hibbert, tweets ESPN.com's Marc Stein. The Rockets represent another threat to the Nets if their offer sheet for Omer Asik is matched, adds ESPN.com's Chad Ford (via Twitter).

Earlier updates:

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Odds & Ends: Hawks, D-Will, Calderon, Celtics

It's been another whirlwind day of player movement in the NBA, as the Hawks agreed to two significant trades, sending Joe Johnson to the Nets and Marvin Williams to the Jazz. Alex Kennedy of HoopsWorld speculated that Josh Smith may be the next Hawk to go (Twitter link), but Brian Windhorst and Marc Stein of ESPN.com report that Smith is excited about the moves, which would free up plenty of cap space for next summer, when Atlanta could go after Smith and other major targets. Here's news from elsewhere around the busy Association.

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Lakers Eyeing Jose Calderon

The Raptors don't necessarily have to amnesty Jose Calderon to create the necessary cap space to make Steve Nash an aggressive offer in free agency, but it seems like the team is at least considering it. Clearing Calderon from their books could give the Raptors the flexibility to try to sign not just Nash, but another quality free agent as well. If Toronto does decide to use its amnesty provision on Calderon, the Lakers may have the inside track on picking him up, says ESPN.com's Marc Stein.

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Nets Might Pursue Mayo, Almost Traded For Scola

The Nets, who are reportedly in discussions with the Hawks about trading for Joe Johnson, are considering making a significant offer to unrestricted free agent O.J. Mayo, tweets Adrian Wojnarowski of Yahoo Sports. The Nets were also "deep in discussions" today about a trade for power forward Luis Scola before talks with the Rockets broke down, Wojnarowski also reports via Twitter

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Rockets Actively Shopping Luis Scola

After drafting a pair of power forwards, Royce White and Terrence Jones, on Thursday night, the Rockets are looking to trade last year's starter. According to ESPN.com's Marc Stein, Houston is actively shopping Luis Scola in trade discussions. A specific trade partner has yet to emerge, says Stein.

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Amico On Lakers, Mayo, Rockets, Varejao

With the Lakers holding only the 60th pick in the draft, much of the talk surrounding the team has had to do with Pau Gasol. Sam Amico of Fox Sports Ohio hears much more from L.A. and shares it along with a number of tidbits from around the Association. A source tells Amico the Lakers will look to dump salary this offseason and sign Spencer Hawes, Nick Young, Kirk Hinrich and Kris Humphries. The Lakers may also look into trading for Jordan Crawford if the Wizards draft Bradley Beal tonight. Here's more from Amico:

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Kyler On Rockets, Gasol, Pacers, Blazers, Smith

In his NBA AM piece for HoopsWorld, Steve Kyler reported that Dwight Howard is highly unlikely to change his mind again, but that the Magic seem to have a deal they'd do with the Nets if Howard waffles once more. You can follow all of today's Howard updates here, and check out the rest of Kyler's morning notes below:

  • The Rockets are discussing more than half their roster in trades, having offered around Terrence Williams, Jonny Flynn, Jordan Hill, Chase Budinger, Patrick Patterson, Luis Scola, Hasheem Thabeet and Courtney Lee. According to Kyler, Houston would trade any combination of those players to acquire Chris Kaman.
  • The Bulls want Lee, but aren't likely to meet the Rockets' asking price, which would mean parting with Taj Gibson or Omer Asik. The Pacers and Timberwolves are also eyeing Lee.
  • Houston has a standing offer out to the Lakers for Pau Gasol, but it doesn't include Kyle Lowry, so nothing is expected to happen there.
  • If the Blazers' three-team deal with the Timberwolves and Lakers involving Jamal Crawford falls through, Portland may have a backup trade in place with the Pacers.
  • The Magic won't be able to make a move for Josh Smith, which isn't a surprise. One league source tells Kyler the Hawks want an All-Star frontcourt player in exchange for Smith, so a deal is very unlikely.