Luol Deng Rumors | Hoops Rumors

Bulls Notes: Deng, Rose, Mirotic, Boozer

January 7th, 2014 at 12:10pm CST by Luke Adams

The Luol Deng trade between the Cavaliers and Bulls could have a significant impact on the Heat, according to Ira Winderman of the South Florida Sun Sentinel. As Winderman notes, the move should ensure that Andrew Bynum becomes available for Miami to pursue, and it also gives the Cavs an intriguing alternative to LeBron James in free agency this summer.

The Bulls had been expected to challenge Miami for Eastern Conference supremacy this season, but for now, Chicago’s front office is focused on how to improve the long-term outlook of a team that no longer has Deng and will be without Derrick Rose for several more months. Here’s the latest out of Chicago:

Asked about the Deng trade, coach Tom Thibodeau declined to go into detail, but “it’s obvious he disagreed” with the decision to move the veteran forward, tweets Nick Friedell of ESPN Chicago. Mike McGraw of the Daily Herald suggests (via Twitter) that Thibodeau isn’t necessarily upset about the move, since he recognizes the reality of the Bulls’ situation, but he’s “not thrilled, obviously.”
Bulls VP of basketball operations John Paxson confirmed that the club offered Deng an extension recently. According to Paxson, the front office felt like it was a competitive offer, but understood completely when Deng passed (Twitter links via K.C. Johnson of the Chicago Tribune).
The money saved by the Bulls in this deal will be reinvested in the franchise, according to Paxson (Twitter link via Friedell).
Paxson disagrees with the notion that the Bulls are rebuilding, suggesting that it’s not a rebuild when a franchise still has players like Rose and Joakim Noah, plus a coach like Thibodeau (Twitter link via TNT’s David Aldridge). Paxson added that the front office’s working relationship with Thibodeau is “really good,” according to Friedell (via Twitter).
Owner Jerry Reinsdorf and GM Gar Forman both spoke to Rose about the Deng trade and didn’t get the sense that the former MVP was unhappy with the direction of the club, tweets Friedell.
Nikola Mirotic remains a part of the Bulls’ future, but the organization isn’t as confident as it once was that he’ll be signed this summer, tweets Friedell. Still, Chicago hopes to bring him over “sooner rather than later,” says Paxson (Twitter link via Johnson).
The Bulls haven’t yet decided whether Carlos Boozer will be amnestied in July, says Paxson (Twitter link via Friedell).
Paxson acknowledged that the Bulls didn’t handle Deng’s spinal tap fallout last spring as well as they should or could have, according to Johnson (Twitter link).

Fallout, Leftover Details From Deng/Bynum Trade

January 7th, 2014 at 8:15am CST by Luke Adams

Late last night, the Cavaliers and Bulls struck 2014’s first deal, and arguably the most interesting swap of the ’13/14 season so far, with Chicago sending Luol Deng to Cleveland in exchange for Andrew Bynum‘s contract and several draft picks. In our story on the trade last night, we made note of a few potential ramifications of the deal, including the possibility of the Cavs re-signing Deng in July, and the effect that losing the All-Star forward will have on the Bulls’ chances of a high lottery pick. There are many other leftover details related to the trade to round up though, so let’s dive right in and tackle a few of them….

Adrian Wojnarowski of Yahoo! Sports reported last night that Deng turned down a three-year, $30MM extension offer from the Bulls before the team decided to trade him. In his full piece on that news, Woj notes that Chicago was unwilling to go as high as $12-13MM over four or five seasons for the 28-year-old.
Following up with more details on those extension talks, K.C. Johnson of the Chicago Tribune (Twitter link) hears there’s a chance the two sides also discussed a four-year, $40MM contract, while Jeff Zillgitt of USA Today tweets that Deng’s reps may have been looking for a deal in the $15-16MM per year range.
Although the Bulls will sneak below the tax threshold when they waive Bynum, that move will leave them with 12 players, one short of the league minimum. ESPN.com’s Brian Windhorst points out (via Twitter) that adding a player today for the prorated veteran’s minimum would still keep the Bulls below the tax, albeit not by much. Chicago also doesn’t have to add a 13th player immediately, since teams can drop to 12 for up to two weeks at a time, so the club could retain a little flexibility by waiting, then signing players to 10-day contracts.
More financial details from Windhorst (Twitter link): Chicago’s total payroll and tax savings add up to more than $20MM+, and the Bulls will also receive another $2-3MM when this year’s tax money is dispersed, assuming team payroll remains below the $71.748MM threshold.
A source tells Sam Amico of FOX Sports Ohio that this likely won’t be the last trade of the season for either the Bulls or the Cavs (Twitter link).
The Cavs had been trying for “quite some time” to move the Kings‘ first-round pick, tweets Jason Lloyd of the Akron Beacon Journal. The pick isn’t quite as valuable as Cleveland’s other first-rounders, since its protection, combined with the Kings’ recent futility, could result in it eventually becoming a second-round pick. The first-rounder is top-12 protected this year, then top-10 protected from 2015 to 2017. Lloyd adds that the Cavs tried to give the pick back to Sacramento or loosen the protection in various deals before sending it to Chicago.
Pau Gasol and the Lakers were connected to the Cavs frequently over the last week, but L.A. remained adamant about receiving a young player or premium pick from Cleveland, which wasn’t going to happen, tweets Amico. ESPN.com’s Marc Stein adds (via Twitter) that acquiring Deng was always the Cavs’ dream scenario, which is why the team was willing to send picks to the Bulls, but not the Lakers.
According to Ramona Shelburne of ESPNLosAngeles.com (Twitter link), the Lakers still believe they have other ways to get under the luxury tax after not landing Bynum. In my opinion, that’ll be pretty difficult.
In his trade story at ESPN.com, Windhorst adds the Knicks to the list of teams expected to have interest in Bynum once he clears waivers.
The Bulls created a modest trade exception in the deal, worth the difference in Deng’s ($14,275,000) and Bynum’s ($12,250,000) salaries: $2,025,000.
Sean Deveney of the Sporting News writes that the Cavs completed this trade with Kyrie Irving‘s long-term future in mind, while ESPN Chicago’s Nick Friedell says that the divorce of Deng and Tom Thibodeau may lead to an adjustment period for both guys over the next few weeks.

Cavaliers Acquire Luol Deng For Bynum, Picks

January 6th, 2014 at 11:52pm CST by Luke Adams

The Cavaliers and Bulls have reached an agreement on a trade that will send Luol Deng to Cleveland in exchange for Andrew Bynum and draft picks, reports Shams Charania of RealGM (via Twitter). ESPN.com’s Brian Windhorst confirms that the Cavs have acquired Deng (Twitter link), while team owner Dan Gilbert also tweeted confirmation of the deal, welcoming Deng to Cleveland.

According to Jason Lloyd of the Akron Beacon Journal (Twitter link), the Bulls will receive a first-round pick and a pair of second-rounders from the Cavs in the swap, in addition to Bynum. The first-rounder will be the Kings’ 2014 pick, which is top-12 protected, while the second-rounders will be Portland’s 2015 and 2016 picks, according to an official release from the Cavs. The Bulls will also have the rights to swap first-rounders with the Cavs in 2015, but only if Cleveland’s pick doesn’t fall in the lottery, tweets Lloyd.

Although the Cavs will surrender a handful of draft picks in the deal, the move fills a giant need for the team, with Deng assuming a starting small forward role that has changed hands several times since LeBron James left for Miami in 2010. The Cavs also find a taker for Bynum, who had fallen out of favor in Cleveland, and was being shopped to the Lakers and Jazz, among other teams. So for now, Pau Gasol and Richard Jefferson will remain in L.A. and Utah, respectively, though both veterans are on expiring deals and could be involved in more trade rumors before February 20th’s deadline.

As for the Bulls, several recent reports had indicated that the team was reluctant to move Deng, still believing that he could be re-signed next summer. However, according to Adrian Wojnarowski of Yahoo! Sports (Twitter link), the 28-year-old turned down a three-year, $30MM extension offer from Chicago last week, which was a prelude to this trade. The deal gives the Bulls the opportunity to dip below the tax this season and to add future assets, as well as greatly increasing the odds that the club will land a prime spot in the 2014 draft lottery.

Assuming the Bulls officially waive Bynum on Tuesday, as ESPN Chicago’s Nick Friedell confirms they will (Twitter link), the team will shed $8.275MM in payroll by paying Bynum’s $6MM guarantee rather than Deng’s $14.275MM salary. According to ShamSports’ salary figures for Chicago, that would reduce team payroll to about $71.01MM, giving the club a little breathing room below the $71.748MM luxury tax line.

The long-term ramifications of the deal will be worth keeping an eye on over the next several months. While the Cavs’ dream scenario for the summer of 2014 is believed to revolve around bringing LeBron back to Cleveland, the team will now have a very viable alternative in Deng, with his Bird rights in hand heading into free agency.

For the Bulls, coach Tom Thibodeau may not be entirely on board with the trade, since he was considered Deng’s biggest fan. A December report also indicated that Derrick Rose wasn’t eager to go through a rebuilding process in Chicago, so it’ll be interesting to see how aggressively the team retools during the offseason, perhaps amnestying Carlos Boozer and bringing Nikola Mirotic stateside.

Meanwhile, Chicago now technically holds the rights to three 2014 first-rounders: Their own pick, the Bobcats’ pick, and the Kings’ pick. However, the latter two are heavily protected. Charlotte’s first-round pick is top-10 protected in 2014, top-eight protected in 2015, and unprotected in 2016. Sacramento’s first-rounder is top-10 protected in 2015, 2016, and 2017, after being top-12 protected this season. If the pick doesn’t change hands by 2017, Chicago would receive the Kings’ 2017 second-rounder instead.

If and when the Bulls waive Bynum, he’ll likely go unclaimed on waivers, meaning he’ll be eligible to sign with any team besides the Cavs as soon as this week. The Clippers and Heat are believed to be among his preferred destinations.

Photo courtesy of USA Today Sports Images.

Bulls Plan To Trade Deng, Amnesty Boozer

January 4th, 2014 at 6:11pm CST by Charlie Adams

In his latest column for the New York Daily News, Mitch Lawrence reveals some interesting tidbits about the Bulls’ future. Lawrence hears from a source with knowledge of the club’s plans that the team wants to move Luol Deng before the trade deadline and plans to amnesty Carlos Boozer this offseason.

We’ve heard that several teams have interest in Deng. His name has been brought up in rumors as part of a potential Andrew Bynum deal, but it’s been reported that the Bulls aren’t interested in such a move. It’s worth noting that many clubs might be unwilling to part with valuable assets for Deng, since he’s on an expiring contract and set to be a big name in free agency come next summer. Earlier reports indicated that the Bulls wanted to retain the veteran forward, but Lawrence’s source says Chicago isn’t willing to pay top dollar for him.

Lawrence also hears that the Bulls plan to amnesty Boozer next summer. Boozer, 32, is set to make $16.8MM in 2014/15, and his on-court production has taken a hit across the board. He’s still playing 30 minutes per game, but his averages in points, rebounds, and field goal percentage are below his career marks. Earlier this month, we passed along a piece that depicted Boozer and Kendrick Perkins as the last players that looked like realistic candidates to be amnestied.

These potential moves, should they come to fruition, would show that the Bulls intend to rebuild the club after losing Derrick Rose to yet another season ending injury. At 13-18, Chicago would still make the postseason as the seventh seed in the weak Eastern Conference if the season ended today. However, it would appear the team is interested in building a squad that could contend for a title down the road rather than just a putting together a club that will finish as a lower-tier playoff group year after year. Lawrence hears neither Rose nor Tom Thibodeau is thrilled with the prospect of rebuilding, but it might be the only way the Bulls can craft a team with realistic title hopes.

Andrew Bynum Rumors: Wednesday

January 1st, 2014 at 5:32pm CST by Charlie Adams

Since the Cavaliers suspended Andrew Bynum last Saturday, numerous rumors have circulated about what kind of action Cleveland will take with their disgruntled center. Jeff Zillgitt of USA Today breaks down three options the club has in regards to Bynum and suggests that holding on to the big man might be the best move if the Cavs can’t find a suitable trade partner. According to Zillgitt, rival executives believe waiving Bynum is the last route Cleveland should take. Let’s have a look at the latest Bynum rumors:

TNT’s David Aldridge agrees with Kyler, tweeting that the rumored swap of Bynum and Gasol is not likely to happen.
Zillgitt checks back in on Twitter to confirm another piece of the Kyler report: that rival executives believe the Cavs are reaching in trade discussions because of the lack of a market for Bynum.
Meanwhile, Sam Amico of Fox Sports Ohio cites a source that thinks the deal could still happen, but concedes that the Lakers are downplaying talks (via Twitter).

Earlier updates:

In the same piece, Zillgitt notes that the Cavs reached out to the Bulls and inquired on a trade that would send Luol Deng to Cleveland in exchange for Bynum. However, a source confirmed that Chicago wasn’t interested.
Zillgitt echoes earlier reports that the Clippers would have interest in Bynum if the Cavs were to release him.
The Heat wouldn’t have interest in signing the center, despite earlier reports suggesting otherwise, Zillgitt hears from an anonymous source.
Fittingly, Ethan Skolnick of Bleacher Report outlines reasons why Bynum wouldn’t be a good fit for the Heat. The primary reason Skolnick cites is Bynum’s lack of passion for the game, a trait which doesn’t align with Miami’s fundamental principles.
The rumored Pau Gasol/Bynum swap that would send Bynum to the Lakers is unlikely to happen, opines Steve Kyler of HoopsWorld. He believes the Cavaliers are trying to get “something for nothing” with Bynum’s contract and hears the Lakers intend on keeping Gasol for now. (Twitter links)

Cavs, Lakers Discussing Bynum, Gasol

January 1st, 2014 at 8:45am CST by Luke Adams

WEDNESDAY, 8:45am: The outcome of Kyrie Irving‘s forthcoming MRI exam is likely to have a big impact on how the talks proceed from here, according to the latest update from Ramona Shelburne and Brian Windhorst of ESPN.com.

Irving told reporters Tuesday night that he felt a “pop” in his left knee after suffering the injury during Cleveland’s loss to the Pacers and an MRI is scheduled for Wednesday. If Irving is out for a substantial length of time, it’s believed that the Cavaliers’ appetite to take on additional salary in pursuit of a playoff push would be diminished. Still, talks between the two sides continued yesterday and a deal still seems possible, provided that the Cavs’ star guard won’t miss a significant length of time.

TUESDAY, 2:37pm: Mike Bresnahan of the Los Angeles Times seems to back up Medina’s report, hearing from a source that the idea of the Lakers taking on Bynum would be a stretch.

2:25pm: Mark Medina of the Los Angeles Daily News throws cold water on the idea of such a deal, writing that “the Lakers would never under any circumstances” accept the proposal that Windhorst and Shelburne reported overnight. The Lakers don’t want Bynum back, and they wouldn’t even be interested in acquiring his contract just so they could waive him before the deal becomes guaranteed next week, according to Medina. The Lakers are also holding out hope that Gasol will improve his play as the season goes on.

2:19pm: The Lakers are seeking a first-round pick in a Bynum-Gasol deal, but the Cavaliers are balking at that idea, according to the Plain Dealer’s Terry Pluto. If they were to trade a pick, the Cavs would be more willing to give up the Heat’s 2015 first-rounder acquired through a previous trade than surrender one of their own selections. Nonetheless, both teams are serious about striking some kind of compromise, Pluto writes.

7:51am: Nearly 17 months after they sent him to the Sixers, the Lakers are mulling the possibility of reacquiring Andrew Bynum, according to Brian Windhorst and Ramona Shelburne of ESPN.com. The ESPN duo reports that the Lakers and Cavaliers have had discussions about a trade that would sent Bynum back to Los Angeles in a package for Pau Gasol. No deal is imminent, but the two sides are weighing their options in advance of January 7th, this season’s contract guarantee deadline.

By trading Gasol for Bynum, and subsequently waiving Bynum before his full 2013/14 salary becomes guaranteed in January, the Lakers could potentially get out of luxury-tax territory for this season, depending on what other pieces were included in the deal. At the very least, it would significantly reduce the team’s payroll and tax bill, and would give L.A. more financial flexibility going forward. Since Gasol’s full-season salary is worth about $7MM more than Bynum’s, the Cavs would have to include at least one other player in the hypothetical swap for it to work under CBA rules. Adding C.J. Miles, or any player or combination of players earning more money than Miles’ $2.25MM, would make a Gasol/Bynum trade legal.

Still, the Lakers would have a hard time parting with Gasol without receiving some assets of value in return, according to Windhorst and Sherburne. Given the club’s storied history, a simple salary dump likely isn’t in the cards, even if the ability to avoid the repeater tax would be extremely beneficial. The ESPN duo notes that there’s still a strong organizational sentiment within the Lakers to let the current group get healthy and try to contend before the front office does anything drastic.

As for the Cavs, they also pursued Gasol in the summer, conducting extensive discussions with the Lakers before Dwight Howard signed with the Rockets, according to the ESPN report. Windhorst and Shelburne also suggest that Cleveland has engaged in talks with the Bulls about a similar deal that would involve Bynum and Luol Deng. Like the Lakers, the Bulls could get out of tax territory, or at least very close to it, by swapping Deng in a package for Bynum, then cutting the big man before his $12.25MM salary becomes guaranteed. However, Chicago still doesn’t seem inclined to move Deng at this point.

Cost-cutting moves by teams like the Lakers and Bulls, who are typically perennial contenders, may not have even been considered if not for the new CBA. As Windhorst points out (via Twitter), the new luxury tax, and the repeater tax in particular, is far more punitive than it was a few years ago, so clubs with expensive, non-contending rosters may be more inclined to cut their losses. Whether or not the Lakers or Bulls opt for that route, it’ll be something to watch closely as 2014’s trade deadline approaches.

Eastern Rumors: Deng, Knicks, Bucks, 76ers

December 30th, 2013 at 11:55am CST by Luke Adams

When a report surfaced earlier in December suggesting that Luol Deng and the Bulls had been about $5-6MM per year apart in extension talks, I speculated that perhaps Deng was looking for an annual salary in line with his current $14MM+, while the Bulls may have preferred something in the $10MM range. However, according to Joe Cowley of the Chicago Sun-Times, the actual figures discussed were a little lower. Cowley reports that Deng and agent Herb Rudoy were seeking $12-13MM annually, while the Bulls slotted the All-Star forward at $7-8MM per year.

With Deng still a year away from free agency when the two sides talked about an extension, perhaps the Bulls were just driving a hard bargain, knowing that they still had plenty of time to work something out. But if Chicago stays committed to something in the neighborhood of $7-8MM annually, it seems highly unlikely that the club will be able to retain Deng beyond this season.

Here’s more from around the East….

James Dolan is right not to scapegoat coach Mike Woodson for the Knicks’ poor performance this season, since the team’s struggles are the result of years of moves overseen by the owner, writes Marc Berman of the New York Post.
According to Marc J. Spears of Yahoo! Sports, the fact that Dolan told his players there won’t be any trades simply means that the Knicks don’t have any deals imminent — it doesn’t mean the team won’t make moves before the deadline.
The Bucks and 76ers continue to sit atop Chad Ford’s Tank Rank list at ESPN.com, though Ford says Milwaukee owner Herb Kohl hasn’t totally given up on the idea of contending for the playoffs. Ford adds that the Sixers are among the NBA’s most active teams in trade discussions.
In his weekly Morning Tip piece at NBA.com, TNT’s David Aldridge spoke to Kohl about finding investors in the Bucks and the possibility of both private and public funding for a new Milwaukee arena. Aldridge also explored the subject of why the Knicks and Nets feel compelled to avoid undertaking a full rebuild.
The Cavaliers have recalled rookie forward Sergey Karasev from the D-League, according to the Cleveland Plain-Dealer (Twitter link). During his weekend stint with the Canton Charge, Karasev averaged 14.0 PPG in two games, making six three-pointers in total.

Several Teams Interested In Luol Deng

December 27th, 2013 at 6:06pm CST by Chuck Myron

6:06pm: Sam clarifies in a pair of tweets that the teams mentioned in his story are more interested in Deng as a free agent than a trade target, since they wouldn’t want to give up assets to rent him for a half-season.

4:59pm: The Cavaliers, Mavericks, Lakers, Raptors, Spurs, Grizzlies and Nets are among the teams interested in Luol Deng, sources tell Aggrey Sam of CSNChicago.com. It’s not clear whether those teams are looking to trade for Deng this season or sign him in the summer, when he’ll be a free agent. The Bulls, while reportedly determined not to trade Deng, would apparently do so if they receive the right offer, and according to Sam, such an offer would involve a productive young player and a first-round pick.

Deng and the Bulls had extension talks this summer, but agent Ron Shade, who represents Deng along with Herb Rudoy, tells Sam that the Bulls never even made an extension offer to his client and says that many were “shocked” that Chicago wouldn’t do so.

“Honestly, I wanted something to be done,” Deng said. “I wanted to be here. I really felt we were going to. I don’t know how the money works. I don’t know what needed to be done. I really don’t know any of that stuff. But after the spinal tap, I went away and everything, I think I was waiting to hear from the Bulls. I was waiting to hear from [GM] Gar [Forman], and I really thought there would be weeks, maybe months of going back and forth, and trying to get it done. I felt like I’ve been here since I was 18. I’ve worked hard. They’ve seen me come in and do everything. But for whatever reason, Gar felt like it wasn’t the time yet.”

Still, Deng insists Forman “didn’t do anything wrong,” and remains open to staying with the team. The Bulls could have plenty of competition if they don’t deal him, Sam writes, believing that Deng could become the most sought-after free agent of the summer if marquee stars like LeBron James and Carmelo Anthony decide not to opt out of their deals.

Bulls Rumors: Trades, Deng, Mirotic

December 23rd, 2013 at 4:50pm CST by Luke Adams

The Bulls will kick off a full day of NBA action on Wednesday by facing the Nets in Brooklyn, but the matchup won’t be the marquee contest that the NBA was expecting and hoping for when it was scheduled for Christmas Day. The two teams have combined to go 19-33 and both currently fall outside of the East’s playoff picture. As we look forward to seeing whether either underachieving club will impress on Wednesday, let’s round up a few Bulls-related items….

We passed along several updates from Chad Ford’s Monday chat earlier this afternoon, but Ford also tucked one notable tidbit in his weekly Tank Rank piece at ESPN.com (Insider link). According to Ford, while the Bulls don’t want to trade Luol Deng, the team also isn’t exploring any trades that would improve the team in the short-term.
Given the lack of realistic upgrades available in the summer of 2014, Joel Brigham of HoopsWorld thinks it’s inevitable that Deng ends up re-signing with the Bulls when his current deal expires.
The Bulls are reportedly intent on bringing Nikola Mirotic stateside in 2014, but his current club in Spain doesn’t sound totally on board with that plan. According to a Marca.com report (translation via HoopsHype), Real Madrid is already trying to extend Mirotic’s contract, which runs through 2016.

Bulls Determined Not To Trade Luol Deng

December 20th, 2013 at 10:14pm CST by Luke Adams

10:14pm: The Bulls prefer to keep Deng past the trade deadline and try to work out a fair deal on a new contract in the summer, but it’s “misleading” to suggest the team wouldn’t accept any trade offer, writes K.C. Johnson of the Chicago Tribune. Johnson spoke with an executive from another team who interprets the notion that the Bulls are determined not to trade Deng as a signal that Chicago has been getting lowball offers. The Bulls haven’t initiated any talks, but they’ve fielded calls from front offices inquiring whether they’re anxious to move Deng for financial reasons. The answer the Bulls have given to those questions has been a “no.”

8:48am: NBA teams have been inquiring about Luol Deng‘s availability recently, as the Bulls have lost 13 of 16 games and slipped to 9-16. However, according to ESPN.com’s Brian Windhorst, the Bulls are “determined” not to trade Deng. Windhorst reports that the Bulls are confident they can re-sign Deng next summer, despite not reaching an extension agreement with him earlier this year.

Given the Bulls’ spot in the standings, the absence of Derrick Rose for a second straight season, and the team’s looming luxury tax bill, league executives felt the Bulls would be interested in offloading some salary prior to the trade deadline, writes Windhorst. But it seems, with two months to go before that deadline arrives, that moving Deng isn’t in the club’s plans.

We heard yesterday that the Bulls weren’t actively shopping Deng, despite the fact that the odds of a contract extension appeared to be “almost nil.” The two sides were about $5-6MM per year apart in contract talks, according to that report, and it sounded as if Deng was bracing for the possibility of a trade. Of course, the 28-year-old is considered one of Tom Thibodeau‘s favorite players, so any deal would open up a new can of worms between the franchise and its head coach.

Deng has played as well as ever so far this season, averaging a career-high 19.6 PPG and 4.1 APG to go along with 7.0 RPG and a 17.8 PER. The veteran small forward is earning about $14.28MM in the final season of a six-year contract.