Marcus Thornton

Nets Acquire Jarrett Jack In Deal With Cavs, Celts

10:06am: The second-rounder going from the Celtics to the Cavs is for 2015, according to Cleveland’s official announcement on the trade. It’s top-55 protected, and if it doesn’t fall within the final five picks of the second round, Boston’s obligation regarding the pick will be extinguished.

THURSDAY, 9:21am: The trade is official, the Nets announce.

“Jarrett is a proven NBA veteran who will add versatility to our backcourt,” Nets GM Billy King said in the team’s statement. “The team had a need in that area and we are excited that we were able to secure Jarrett to fill that role. Sergey is a player who we have followed closely for several years. He is a versatile forward and will be a welcome addition to our roster.”

WEDNESDAY, 10:02am: The Cavs will receive the draft rights to Ilkan Karaman, Christian Drejer and Edin Bavcic from the Nets, tweets Adrian Wojnarowski of Yahoo! Sports. They were second-round picks in 2012, 2004 and 2006, respectively. The first-rounder going from Cleveland to Boston is top-10 protected in 2016, 2017 and 2018 and becomes unprotected for 2019, Wojnarowski adds (Twitter link).

9:46am: The Cavs, Nets and Celtics will complete a three-team trade that sends Jarrett Jack to the Nets and opens up the cap flexibility necessary for Cleveland to give LeBron James a max contract, as Baxter Holmes of The Boston Globe confirms (Twitter link). Marc Stein of ESPN.com first reported that the clubs were on the verge of a deal. Sergey Karasev will go to the Nets as well, while Marcus Thornton, Tyler Zeller, and a first-round pick are headed to Boston. The first-rounder the Celtics are getting is for 2016, as Jeff Goodman of ESPN.com reported, and Holmes says that pick is coming from the Cavs (Twitter link). The Celtics send a future second-round pick to the Cavs, Holmes tweets.

It appears as though the Celtics will slip Thornton, who’s set to make $8.575MM next season, and Zeller, set for slightly more than $1.5MM, into the nearly $10.3MM trade exception left over from last year’s Paul Pierce trade, as Goodman pointed out. The Cavs No. 1 option is using the max-level cap flexibility the deal creates to chase LeBron, but if not, they’ll reportedly go after second-tier free agents, with Trevor Ariza apparently among their targets.

Cleveland and the Nets were reportedly working for weeks on a trade involving Jack and Thornton, but with the Cavs uninterested in taking back Thornton’s salary, the involvement of a third team became necessary. The Hawks were among the teams the Cavs were reaching out to, but the idea of acquiring Thornton was apparently a turn-off for them. Enter the Celtics, who’ve been looking to acquire assets necessary to enhance their standing for a Kevin Love trade.

The Nets end up with a backup point guard to replace Shaun Livingston, who signed with the Warriors. They also receive Karasev, just a year removed from having been the 19th overall pick in the 2013 draft, to help inject youth into a veteran-laded team. The Nets believe Jack could even start next to Deron Williams, as Livingston did for much of last season, while they were eyeing Karasev during the draft last year, TNT’s David Aldridge tweets.

Eastern Rumors: Ariza, Celtics, Sixers

The Wizards have spoken with Luol Deng, but remain committed to re-signing Trevor Ariza, league sources tell Adrian Wojnarowski of Yahoo! Sports (Twitter link). Here’s more from the East:

  • Washington is prepared to offer Ariza a raise from last year’s $7.7MM salary, but not upwards of $9MM, which is what the small forward is reportedly seeking, writes Michael Lee of The Washington Post. Both Ariza and the Wizards have anticipated waiting until LeBron James and Carmelo Anthony make their decisions before any progress for Ariza can be made.
  • J. Michael of CSNWashington.com tweets that Ariza is assured of receiving more more money from another team, but that the Wizards hope he will want to remain in Washington for less.
  • The Bulls are now being linked as suitors for Ariza by Chris Broussard of ESPN.com (on Twitter).
  • The Rockets are weighing whether to match Chandler Parsons‘ offer sheet with the Mavs, or pursue Ariza at a lower price, tweets Broussard.
  • The Celtics like the newly acquired Tyler Zeller, but don’t have long term plans for Marcus Thornton, whom they acquired in the same three-team trade, tweets Gary Washburn of The Boston Globe. Washburn says it’s likely Boston will deal away Thornton’s contract or let it expire.
  • Before the Celtics agreed to take part in today’s swap, the Cavs reached out to the Magic and just about every other team in the league as they sought a third team to take Thornton in a three-team deal with the Nets, according to Grantland’s Zach Lowe.
  • Sixers GM Sam Hinkie acknowledged that his team is in position to help other clubs with its ample cap flexibility, pointing to that as a way to faciliate trades, as he told Bob Cooney of the Philadelphia Daily News as part of a Q&A.

Chuck Myron contributed to this post.

Nets, Cavs, Celtics Close To Jarrett Jack Trade

9:38am: The Cavs will probably end up with a future second-round pick when the deal gets done, according to Stein (Twitter link).

WEDNESDAY, 9:35am: An agreement is close on a three-way deal involving Cleveland, Brooklyn and Boston that would send Jack to the Nets, Stein tweets. Karasev would go to Brooklyn as well. The Celtics would receive Thornton, Tyler Zeller and a first-round pick, Stein adds (on Twitter). It’s unclear what the Cavs would get, but it appears as though they would receive the cap flexibility to acquire LeBron. Boston would be using its nearly $10.3MM trade exception to acquire Thornton, according to Jeff Goodman of ESPN.com, who adds that the first-rounder the Celtics are getting is for 2016 (Twitter link).

10:23am: The Hawks are among the teams the Cavs have recruited as a potential landing spot for Thornton, according to Ken Berger of CBSSports.com (Twitter links). The Hawks have nonetheless shown little interest in Thornton, Berger adds (on Twitter).

8:51am: The Cavs, who had reportedly been shopping Jack and draft picks, are now doing the same with Thornton and picks on the assumption they’d be able to get Thornton from the Nets, as Adrian Wojnarowski of Yahoo! Sports details. Cleveland is also making Sergey Karasev available in trades, Wojnarowski adds.

JULY 7TH, 7:59am: The Cavs and Nets have a deal in place contingent upon finding a third team to absorb Thornton, as Adrian Wojnarowski of Yahoo! Sports said Sunday on Fox Sports Radio, and as Sam Amico of Fox Sports Ohio confirms. The Suns, Mavs and Timberwolves are among the teams potentially interested in Thornton, Amico hears. Cleveland has been shopping Jack and dangling a draft pick to go along with him, as Wojnarowski reported this weekend, and one way or another, the Cavs intend to trade Jack before the coming season begins, a source tells Amico. Unloading Jack has become key to Cleveland’s efforts to clear max cap room for LeBron James, as we passed along earlier.

JULY 2ND, 9:56pm: As predicted by ESPN.com’s Marc Stein, the Nets and Cavs are revisiting talks of a Thornton-Jack swap, tweets Ohm Youngmisuk of ESPNNewYork.com.

1:43pm: The Kings are interested in Jack, too, but they’re holding off until they know what happens with restricted free agent Isaiah Thomas, according to Sam Amico of Fox Sports Ohio.

JULY 1ST, 8:14pm: The loss of Shaun Livingston is likely to resurrect the Thornton-for-Jack trade talks, tweets Marc Stein of ESPN.com.

JUNE 23RD, 8:01am: Sam Amico of Fox Sports Ohio is also hearing denials of Thornton-Jack talks, though Jack’s name has come up as the Cavs discuss potential trades with other teams, Amico says.

SATURDAY, 3:47pm: League sources deny that the Nets and Cavs have discussed a Thornton/Jack swap, tweets Michael Scotto of Sheridan Hoops.

2:36pm: The Nets and Cavs are discussing a trade that would center around Marcus Thornton and Jarrett Jack, reports Marc Stein of ESPN. Cleveland is interested in freeing up cap space by shedding Jack’s contract, which is guaranteed through 2015/16, in favor of Thornton’s expiring pact, says Stein, who adds that Brooklyn is among the few teams in the league undeterred from acquiring Jack’s extended deal.

Jack signed a $25MM contract with the Cavs last summer after a successful 2012/13 campaign in which he came off the bench behind Stephen Curry for the Warriors. His 2013/14 season was a disappointing one however, as the point guard shot just 41% from the floor and posted a career-low 11.5 PER.

Thornton was acquired by the Nets at last season’s trade deadline, and he proved to be a valuable asset for Brooklyn, averaging 12.3 points per night in just 23.8 minutes per contest. He’s set to enter free agency after the 2014/15 season.

According to Stein, the Nets fear they’ll lose free agent-to-be Shaun Livingston this offseason after a year in which the often-injured point guard exceeded expectations on a minimum-salary contract, and the club is looking to replace his production by acquiring Jack from the Cavs. Brooklyn, deep in the luxury tax, would only be able to offer Livingston a three-year deal in the neighborhood of $10MM using the taxpayers mid-level exception. The Timberwolves are one team rumored to be interested in Livingston that can make a more lucrative offer.

And-Ones: Early, Bazemore, Lin, Nets

The Knicks may have gotten the steal of the draft when they selected Cleanthony Early with the 34th pick, opines Alex Kennedy of Basketball Insiders. The article also notes that Early plans on using his draft night slide as motivation, saying, “At the end of the day, they made their decision, they made their choices, and they’re going to have to live with that, they’re going to have to stick with that. I’m going to have to live with that, I’m going to have to stick with that. But the only difference is, the way my heart is set up and the way I am, I’m going to use it as motivation. It fires me up. If I ever feel like I am being overlooked or I feel like I got something to prove, I’m willing to accept that challenge. The only thing I have to do is get in the gym and continue doing what I’ve been doing.

Here’s more from around the league:

Eddie Scarito contributed to this post.

Atlantic Notes: Nets, Felton, 76ers

The Nets didn’t end up taking on Jordan Hill and the $17MM tax hit he would have cost them, but their expenditure in the deal to add Marcus Thornton prompted “a lot of angry eye-rolling” from other teams, writes Grantland’s Zach Lowe. Brooklyn’s lavish spending could push the league into another work stoppage in 2017 in an effort to cut off the Nets’ spending, Lowe adds.

Here’s what else we’ve gathered from around the Atlantic Division tonight.

  • Attorney Michael McCann, in a piece for SI.com, lays out the Knicks’ options amid legal trouble for Raymond Felton. The 29-year-old point guard – facing two counts of weapon possession – posted bail earlier this afternoon and will be due in court next on June 2nd, tweets ESPN New York’s Ian Begley. It’s also worth noting that according to the law under which he was charged, Felton could avoid jail time even if he’s convicted of his felonies, says Scott Cacciola of the New York Times (Twitter link).
  • A panel of ESPN experts weigh in on the future and current state of Knicks basketball – discussing Felton’s situation, what organizational changes need to be made, and if Carmelo Anthony should leave New York.
  • 76ers head coach Brett Brown tells Tom Moore of the Bucks County Courier Times: “You’re going to see a lot of people come in here over the last 25 games” (Twitter link).
  • Brown also tells Moore (via Twitter) that 6’8″ forward Hollis Thompson is a “keeper.”

Chuck Myron contributed to this post. 

Wolves Interested In Jarrett Jack

1:58pm: The Minnesota deal doesn’t appear to be happening, Amick tweets.

1:54pm: It sounds like the Wolves and Cavs haven’t been able to agree on a deal involving Jack, tweets David Aldridge of NBA.com.  It’s unknown if the Cavs have other discussions going at this time.

1:14pm: A Jack-for-Barea deal is “not likely,” a source tells Spears (on Twitter).

1:09pm: A source confirmed to the Plain Dealer (via Twitter) that the Wolves and Cavs have discussed a deal with Jack and J.J. Barea, but Jack having two years left versus the one on Barea’s deal has proven to be problematic.

1:06pm: The best chance the Cavs had of moving Jack was to Kings for Jason Thompson, but Cleveland balked at taking back salary, a source tells Ken Berger of CBSSports.com (on Twitter).

12:02pm: The Timberwolves, falling short on getting Andre Miller, are reaching out to Cavs to try and get Jack, tweets David Aldridge of NBA.com.

11:59am: The previously reported Jack-for-Thompson deal is on life support, writes Sam Amick of USA Today.  The initial report indicated that the Cavs wanted a third team to send Thompson to, and apparently they’re finding that extraordinarily difficult.  Putting all the pieces together, it sounds like Jack is staying put.

11:31am: With less than three hours from the deadline, a deal involving Jack seems considerably less likely, sources tell Sam Amico of FOX Sports Ohio (via Twitter).

7:58am: The Cavs probably won’t end up dealing Jack, a source tells the Plain Dealer (Twitter link).

WEDNESDAY, 10:59pm: The Cavs are unlikely to send Jack to Sacramento unless they find a third team to take the Kings’ Jason Thompson, reports ESPN’s Marc Stein, putting Cleveland in an all too familiar scenario. A deal that would have had Jack leaving Cleveland stalled earlier this week when the Cavs couldn’t find a destination for Jason Terry. (Twitter links)

3:17pm: The Nets are hesitant to take on Jack because of his lengthy deal, according to Adrian Wojnarowski of Yahoo! Sports, who says it’s unlikely that the Cavs and Nets would pull off a trade.

11:19am: The Cavs and Kings have spoken about including Jason Thompson or Marcus Thornton in a Jack deal, reports Jason Lloyd of the Akron Beacon Journal.

10:56am: The talks involving the Nets and Cavs are “not on the front burner,” according to Bob Finnan of The News-Herald (Sulia link).

9:59am: The Wizards are looking for a backup point guard, but they’re not in on talks for Jack, tweets Sam Amick of USA Today.

TUESDAY, 8:59am: The Kings are also in on the Jack talks, tweets Marc Stein of ESPN.com (Twitter link). It’s not entirely clear if they’re competing with the Nets for the guard’s services, or if they’re willing to absorb Terry in a deal that sends Jack to Brooklyn.

MONDAY, 4:38pm: The Nets are looking to replenish their draft-pick stock in the swap, tweets Ken Berger of CBSSports.com.

3:44pm: The Cavs and Nets have indeed engaged in discussions about a trade involving Jack and Terry, report Youngmisuk and ESPN.com colleague Marc Stein. The Cavs would prefer to find a third team to take on Terry, according to the report.

2:23pm: The Nets are eyeing guard Jarrett Jack, tweets Ohm Youngmisuk of ESPNNewYork.com, who hears that there’s a chance Brooklyn swaps Jason Terry for Jack. It’s unclear how strong the odds are of that, or if the Cavs are interested in Terry.

Jack is in the first season of a four-year, $25.2MM contract that pays him $6.3MM each season, while Terry will make about $5.625MM this year and slightly more than $5.85MM next season in the final year of his deal. The difference between their salaries would be compounded for the Nets, who are well into the tax. New Cavs GM David Griffin would be parting with one of predecessor Chris Grant‘s key offseason additions if Cleveland surrenders Jack, who hasn’t had the same impact for the Cavs as he had last year with Golden State.

Jack, 30, is shooting a career-worst 39.7% this season, and his 8.5 points per game is his lowest scoring average since he was a rookie. Terry, whom the Nets acquired from the Celtics in the Kevin Garnett/Paul Pierce blockbuster, is plumbing even farther depths. The 36-year-old is posting new lows in scoring, rebounding, assists, field goal percentage and minutes.  If Jack is dealt to Brooklyn, it’ll be his seventh team in nine NBA seasons.

Kings Trade Thornton To Nets For Terry, Evans

NBA: Sacramento Kings at Oklahoma City ThunderThe Kings and Nets have announced the first trade of the 2014 deadline season, a deal to send Marcus Thornton to Brooklyn for Jason Terry and Reggie EvansDavid Aldridge of TNT first reported the agreement, via Twitter. The deal came together over the last 24 hours or so, with Adrian Wojnarowski of Yahoo! Sports the first to report that negotiations had become serious. No picks or cash are involved in the transaction, according to Aldridge, though Wojnarowski reported that the teams were discussing making a conditional pick that would go to the Nets a part of the trade. Both teams had room beneath the 15-man roster limit, so no one will have to be released before the trade can become official.

The Nets take on less than $1MM in extra salary as a part of the trade, but that’s compounded because they’re deep into tax territory. The Nets are also willing to take back Jordan Hill from the Lakers, and that would mean the Nets would be in line for a luxury tax payment of about $105MM, according to Grantland’s Zach Lowe (Twitter link), and that’s money that would be distributed to non-taxpayers at season’s end. Together with Brooklyn’s roughly $100MM payroll, Nets owner Mikhail Prokhorov appears willing to spend more than $200MM on this year’s team.

Both teams were also in talks with the Cavs about Jarrett Jack, but it appears they instead decided to make a trade of their own. All three players are on guaranteed deals that run through 2014/15. Thornton, the highest-paid player in the deal, earns $8MM this year and is set to receive close to $8.6MM next season. Terry makes about $5.6MM this season and $5.85MM in 2014/15. Evans will get roughly $1.7MM this year and $1.8MM next season.

The Kings have shown eagerness this season to trade Thornton, their leading scorer from 2011/12. He was involved in multiple reported proposals, including ones to the Cavs and Nuggets. He’s averaging just 8.3 points in 24.4 minutes per game this season, but that includes a 42-point outburst against the Pacers on January 24th.

“Marcus is a proven scorer in this league,” Nets GM Billy King said of the 26-year-old Thornton, in the team’s release. “He is a young talent who will help us in the backcourt.”

Terry, 36, has slumped after signing a three-year contract in 2012 with the Celtics, who traded him to the Nets in the Paul Pierce/Kevin Garnett blockbuster this past summer. He’s averaging 4.5 PPG and 16.3 MPG this season, both career lows. Evans, long one of the best per-minute rebounders in the league, is excelling in that category again this season, grabbing 13.4 boards every 36 minutes. He’s nonetheless seen a more than 50% cut in playing time this year for Brooklyn, thanks in part to the presence of Garnett.

“Adding Jason and Reggie provides our roster with toughness and veteran leadership that will help this team continue to grow,” Kings GM Pete D’Alessandro said, in Sacramento’s press release. “They bring a wealth of NBA experience to Sacramento that will undoubtedly make a positive impact on our younger players. We also thank Marcus for his contributions and wish him great success going forward.”

Photo courtesy of USA Today Sports Images.

Kings, Nets Near Deal For Thornton, Terry, Evans

12:46pm: The draft compensation being discussed is a future conditional pick to the Nets, Wojnarowski writes.

12:32pm: The teams are indeed discussing draft picks, and they’re haggling over that issue at current, according to TNT’s David Aldridge (Twitter link).

11:45am: There are no picks or cash involved, Wojnarowski tweets.

11:44am: Berger seconds Lloyd’s report that the deal is close, and confirms Evans is still a part of the proposal (Twitter link).

WEDNESDAY, 11:42am: A deal involving Terry and Thornton is nearing completion, tweets Jason Lloyd of the Akron Beacon Journal. Lloyd doesn’t mention Evans, but I presume he remains in the talks.

TUESDAY, 10:44pm: Jared Zwerling of Bleacher Report echoes (via Twitter) what Wojnarowski reported earlier, hearing that talks are “heating up” between the two sides, and a deal could happen “soon.”

9:08pm: Sacramento’s discussion with Brooklyn about a move that would see the Kings acquire Terry and Evans in exchange for Thornton have progressed to a “serious stage,” a league source tells Wojnarowski. The Kings are also exploring potential options for Jimmer Fredette, hears Wojnarowski.

2:20pm: The Kings and Nets are discussing a deal that would send Marcus Thornton to Brooklyn for Reggie Evans and Jason Terry, tweets Adrian Wojnarowski of Yahoo! Sports. The talks are concurrent with other conversations the teams are having with several other potential partners, Wojnarowski notes via Twitter. Both teams have been talking to the Cavs about Jarrett Jack.

Multiple reports suggest Sacramento is anxious to trade Thornton, and he’s one of the players the Kings have talked about including in a deal for Jack. Terry has also been linked to Cleveland, but it appears the Cavs have no interest in him. Evans is a newcomer to the chatter.

The Nets would absorb less than $1MM in extra salary via the deal, but that figure would be multiplied, since Brooklyn is deep into the tax. Just how much extra the Nets would have to pay won’t be entirely clear until the end of the season, but it’s likely that any extra money Brooklyn adds at this point will cost them about three or four times as much, because of the tax penalties.

All three are on deals that are fully guaranteed, without player or team options, through 2014/15. Thornton makes about $8MM this year and close to $8.6MM next season. Terry’s take is about $5.6MM this season and $5.85MM in 2014/15. Evans makes roughly $1.7MM this year and $1.8MM next season.

Ford’s Latest: Magic, Cavs, Bobcats

Victor Oladipo may be the only Magic player unavailable for a trade, according to Chad Ford of ESPN.com, who adds that the team is looking for multiple first-round picks or young players for Arron Afflalo. Ford believes Orlando will indeed find a taker for Afflalo, but that’s in contrast to a report from Sam Amick of USA Today indicating the Magic aren’t that eager to trade him and aren’t hearing from any team with strong interest (Twitter link). The Magic’s price is much lower for Glen Davis and Jameer Nelson, Ford writes, and while Amick tweets that the Magic is focusing most of its trade attention on those two, Orlando hasn’t gotten anywhere with either of them yet, Amick says.

Ford has much more in his latest Insider-only piece, and we’ll hit the highlights here:

  • The Cavs and Bobcats appear to be the only teams capable of trading away a 2014 lottery pick that would actually do so, according to Ford. If the Cavs are determined to make a playoff push, they’ll offer Dion Waiters and their 2014 first-round pick in search of veteran help, Ford writes.
  • There’s nothing major happening on the Ersan Ilyasova front, Ford hears, naming Gary Neal and Luke Ridnour as the Bucks most likely to be traded. Milwaukee is reluctant to let go of Caron Butler, who’s a native of nearby Racine, Ford adds.
  • The Sixers want “significantly” more than just a first-round pick for Thaddeus Young, which has been dissuading some teams from trading for him, Ford writes.
  • Jeff Green and Brandon Bass are the names that come up most frequently in trade discussions involving the Celtics, according to Ford.
  • Several GMs tell Ford that the Lakers appear willing to discuss any player on their roster short of Kobe Bryant.
  • Everyone outside of DeMarcus Cousins, Rudy Gay and Isaiah Thomas is available from the Kings, with Marcus Thornton, Jason Thompson, Carl Landry and Jimmer Fredette the primary bait, Ford writes.
  • It’s unlikely the Jazz trade Gordon Hayward, Ford says, naming Marvin Williams as the team’s most likely trade candidate.
  • Teams are looking to acquire a package of both Greg Monroe and Rodney Stuckey, but the Pistons remain unwilling to deal Monroe, as multiple GMs tell Ford.

Kyler’s Latest: Rivers, Bobcats, Sixers

Sources tell Steve Kyler of Basketball Insiders that the Pelicans have had a deal in place all season to trade Austin Rivers if he didn’t start seeing minutes. His playing time has perked up of late, and Kyler wonders if the Pelicans are merely showcasing him for other trades. The Pelicans are also open to trading Eric Gordon and Tyreke Evans, according to Kyler, who shares plenty more in his latest piece. We’ll hit the highlights here:

  • The Bobcats are “kicking around” the idea of trading for Greg Monroe, Kyler writes. He also hears they’d be willing to throw Bismack Biyombo into a Ben Gordon trade to convince teams to take on Gordon’s inflated deal, but as Kyler notes, that wouldn’t do much to persuade reluctant trade partners.
  • The Sixers could wind up dealing away all of their three veteran trade candidates — Spencer Hawes, Evan Turner and Thaddeus Young — by the deadline, Kyler writes, adding that the Rockets have been targeting Young all season. We heard Young connected to Houston in December, but this is the first report suggesting the Rockets have had interest in him since.
  • Dion Waiters and Alonzo Gee are the names most frequently mentioned around the league when the subject of Cavs trade candidates comes up, according to Kyler. Cleveland is reluctant to make Anderson Varejao a part of its talks, but the Cavs are coming around to ideas they hadn’t previously considered, Kyler observes, adding that the team looks like it will be a seller, either at the deadline or around draft time.
  • Almost everyone on the Bucks, outside of Giannis Antetokounmpo and John Henson, is fair game for a trade, according to Kyler, who hears that the Rockets have been eyeing Ersan Ilyasova.
  • Marcus Thornton and Jimmer Fredette are the Kings that Kyler keeps hearing in trade chatter, but there’s little market for either, he writes.
  • Rival teams are getting the sense that the Pistons will stand pat at the deadline, which Kyler finds vexing.
  • Sources close to the Raptors tell Kyler that their trade talk is simply due diligence, and that they’re only considering overwhelming offers.