Steve Novak Rumors | Hoops Rumors

Bucks Front-Runners To Sign Steve Novak

February 20th, 2016 at 11:33am CST by Eddie Scarito

The Bucks are the overwhelming favorites to sign Steve Novak if and when he clears waivers on Sunday, Marc Stein of ESPN.com reports (Twitter link). Signing with Milwaukee would be a homecoming of sorts for Novak, who played his college ball at nearby Marquette University. The Bucks currently possess 15 players on their roster, so the team will need to release a player in order to clear room to ink the veteran combo forward.

The 32-year-old Novak appeared in only seven games for the Thunder this season, averaging 2.4 points in just 3.4 minutes of action per contest before the Thursday trade that shipped him to the Nuggets. He subsequently agreed to a buyout with Denver, which then waived him. He’s also a candidate for the Cavaliers, according to Chris Haynes of The Northeast Ohio Media Group.

Novak’s career numbers through 10 NBA seasons are 4.7 points and 1.3 rebounds to accompany a slash line of .438/.432/.876. He was the No. 32 overall selection in the 2006 NBA draft.

Nuggets Waive J.J. Hickson, Steve Novak

February 19th, 2016 at 5:42pm CST by Eddie Scarito

5:42pm: Both players have officially been waived, the team announced via press release.

4:39pm: The Nuggets have waived Steve Novak and J.J. Hickson, Shams Charania of The Vertical on Yahoo Sports reports (Twitter links). A formal announcement from the team has yet to take place. Novak is earning $3,750,001 for 2015/16 and Hickson is scheduled to make $5,613,500, amounts that the Nuggets will be on the hook for less any salary the players may have given up in buyout arrangements. Both players’ deals expire at the end of this season, so they won’t have any impact on next season’s cap number for Denver. These moves leave the Nuggets with a roster count of 13 players, two under the regular season maximum.

The 32-year-old Novak appeared in only seven games for the Thunder this season before the Thursday trade that shipped him to the Nuggets. His career numbers through 10 NBA seasons are 4.7 points and 1.3 rebounds to accompany a slash line of .438/.432/.876. He’s reportedly a candidate to join the Cavaliers assuming he clears waivers, according to a report by Chris Haynes of The Northeast Ohio Media Group.

Denver was reportedly shopping Hickson leading up to Thursday’s trade deadline but found no takers. Hickson and the Nuggets had subsequently agreed to work out a buyout arrangement prior to the March 1st cutoff date for players to be postseason-eligible for their new teams, as Marc Stein of ESPN.com relayed. Hickson has appeared in just three games since December 8th. He averaged 7.9 points and 4.8 rebounds in 17.2 minutes per game across 17 appearances this season prior to that date.

Cavs Interested In Steve Novak

February 19th, 2016 at 3:00pm CST by Chuck Myron

Three-point specialist Steve Novak would be a candidate to join the Cavaliers if he works a buyout with the Nuggets and becomes a free agent, reports Chris Haynes of the Northeast Ohio Media Group and the Cleveland Plain Dealer, who writes at the bottom of his latest on fellow Cavs target Joe Johnson. The Nuggets have agreed to work on a buyout with Novak, as Marc Stein of ESPN.com reported Thursday, though a follow-up dispatch from Stein made it seem as though a buyout is a certainty. Either way, March 1st is the last day any player can hit waivers and appear in the postseason for another team, so that’s the de facto deadline Novak is dealing with.

The 32-year-old Novak appeared in only seven games for the Thunder this season before the Thursday trade that shipped him to the Nuggets. He last averaged at least 10.0 minutes per game in 2013/14, when he saw precisely that amount of playing time in 54 games for the Raptors. His career 43.2% 3-point shooting has helped keep him in the league, and so has his contract, which gives him $3.75MM this season. A buyout would entail him giving up part of that amount.

Cleveland could sign both Johnson and Novak without having to offload anyone, since the Cavs have two open roster spots. The March 1st deadline doesn’t apply directly to a signing. A waived player can sign as late as the final day of the regular season and appear in the playoffs, just as long as his release from his previous team came no later than March 1st.

Thunder, Nuggets Swap Augustin, Novak, Foye

February 18th, 2016 at 11:59pm CST by Chuck Myron

November 6, 2015; Oakland, CA, USA; Denver Nuggets guard Randy Foye (4) dribbles the basketball during the first quarter against the Golden State Warriors at Oracle Arena. The Warriors defeated the Nuggets 119-104. Mandatory Credit: Kyle Terada-USA TODAY Sports

Kyle Terada / USA TODAY Sports Images

8:52pm: The Thunder have acquired Randy Foye from the Nuggets, sending D.J. Augustin, Steve Novak, two second-round picks and cash to Denver, the teams announced, confirming the original report from Ken Berger of CBSSports.com (Twitter link). The second-rounders the Nuggets get are Oklahoma City’s 2016 second-rounder and Charlotte’s bottom-five protected 2016 selection, according to RealGM. Oklahoma City confirms the receipt of a trade exception, which will be worth $3,750,001, the equivalent of Novak’s salary.

It appears to be quite a haul for Foye, who is making $3.135MM on an expiring contract. Foye was said to be available as of mid-December, as Steve Kyler of Basketball Insiders reported then, and that made sense considering his role had increasingly shrunk with Denver. Foye is averaging career lows in points and minutes per game while shooting a career worst 29.6% from 3-point range, well beneath his career mark of 37.0%. The move to add Foye brings a veteran to the Thunder’s bench, at the very least.

Novak, despite not being used much, proved to be a decent trade chip. The 10th-year veteran is on an expiring contract, and he and the Nuggets will reportedly discuss a buyout. Denver tried to arrange another deal to flip him before the deadline, according to Adrian Wojnarowski of The Vertical on Yahoo Sports reports (on Twitter).

Augustin, who’s making $3MM in the final season of his contract, will likely serve as a backup to Emmanuel Mudiay for the Nuggets, with Jameer Nelson battling a potentially season-ending wrist injury. Through 34 appearances with the Thunder this season, Augustin has averaged 4.2 points, 1.3 rebounds, and 1.9 assists in 15 minutes per game.

The deal saves Oklahoma City an estimated $9.8MM in combined luxury taxes and salary, notes Brian Windhorst of ESPN.com (on Twitter). Denver used the $5,224,719 disabled player exception it received for Wilson Chandler to accommodate the uneven exchange of salaries.

Will Joseph contributed to this post.

Nuggets To Work Buyout With J.J. Hickson

February 18th, 2016 at 4:30pm CST by Chuck Myron

The Nuggets will do a buyout with J.J. Hickson no later than March 1st, sources tell Marc Stein of ESPN.com (Twitter link). Stein indicates that Denver has already committed to place Hickson on waivers by that date, though he says Hickson’s situation is the same as that of Steve Novak, whom Stein previously indicated would merely engage in buyout talks with the Nuggets. Regardless, the Hickson news is no surprise, as Adrian Wojnarowski of The Vertical on Yahoo Sports reported earlier this week before the trade deadline that Hickson was almost certain to end up with a buyout.

The 27-year-old power forward is making $5,613,500 on an expiring deal, so it appears he’ll be giving up some of that money to secure his release in time to latch on with a playoff team. Players who hit waivers after March 1st aren’t eligible to appear in the postseason for another club.

Stein reported in January that Denver was actively shopping Hickson, about a month after Steve Kyler of Basketball Insiders wrote that the Hickson was said to be available. The Jeff Schwartz client and his representatives at Excel Sports Management pushed hard for a trade, according to Sam Amico of Amico Hoops (on Twitter), but none materialized before the 2pm Central time deadline today.

Hickson has appeared in just three games since December 8th. He averaged 7.9 points and 4.8 rebounds in 17.2 minutes per game across 17 appearances this season prior to that date, with coach Michael Malone going so far as to put him in the starting lineup on nine occasions.

Nuggets, Steve Novak To Talk Buyout

February 18th, 2016 at 3:46pm CST by Chuck Myron

The Nuggets and Steve Novak, whom they’re acquiring as part of a package in their Randy Foye deal today, will work on a buyout arrangement, reports Marc Stein of ESPN.com (Twitter link). The veteran sharpshooter is on an expiring contract worth $3.75MM for this season. He’ll be eligible to appear in the postseason for another team as long as Denver waives him by the end of March 1st.

Novak hasn’t contributed much since his solid 2012/13 campaign for the Knicks when he averaged 6.6 points per game on 42.5% three-point shooting. He was virtually a forgotten man in Oklahoma City this season, making just seven appearances and notching 2.4 points in a meager 3.4 minutes per night. The 32-year-old’s career numbers are 4.7 points, 1.7 rebounds and 0.3 assists to accompany a slash line of .438/.432/.876.

It is unclear what the market would be for Novak if he does agree to a buyout with Denver. The Heat, who are in dire need of outside shooting, were mentioned as potential suitors for Novak heading into today’s trade deadline by Ira Winderman of the Sun Sentinel, though his report was speculation and not necessarily indicative of Miami’s thinking.

Northwest Notes: Miller, Durant, Blazers

February 14th, 2016 at 1:58pm CST by Will Joseph

There is one team inquiring about Wolves veteran point guard Andre Miller, Darren Wolfson of 1500 ESPN Twin Cities hears (on Twitter). While it is unclear which team that is, Wolfson rules out the Kings, despite Sacramento coach George Karl‘s relationship with Miller. At 39 years old, Miller has played sparingly this season and likely would not return much for the Wolves. It is reasonable to think Miller would be part of a bigger package for that reason, but I speculate the Wolves are motivated to move Miller to allow rookie Tyus Jones to play more.

Here’s more out of the Northwest Division:

Steve Novak is a potential trade chip for the Thunder because of his expiring contract, Bobby Marks of The Vertical on Yahoo Sports writes in one of his latest deadline primers. Expiring contracts, however, are not as valuable as they have been in previous years because of the salary cap’s expected rise, as Marks points out.
That’s another reason why the Thunder would much rather prefer to have Kevin Durant than the expected $19MM in cap space this summer if Durant signs elsewhere and team decides against bringing back restricted free agent Dion Waiters, Marks adds in the same piece.
Speaking of Durant, Draymond Green told Sam Amick of USA Today Sports (audio link) that although the star players are friends, Green will not be trying to recruit Durant to sign with the Warriors this summer during the rest of All-Star weekend (h/t Anthony Slater of The Oklahoman).
With close to $20MM in cap space, the Blazers are in position to take on contracts with the goal of obtaining a future pick or significant asset and thus should be viewed as a sleeper team at the deadline, Marks writes in his look at Portland.

Heat Rumors: Whiteside, Wade, James, Bosh

February 14th, 2016 at 11:01am CST by Arthur Hill

There will be plenty of shooters on the trade market this week, but the Heat may have to give up center Hassan Whiteside if they want a more complete player, writes Ira Winderman of The Sun Sentinel. Three-point shooting has been a problem in Miami all season, and Winderman lists the Thunder’s Steve Novak and Anthony Morrow, the Kings’ Omri Casspi and the Nets’ Wayne Ellington as possibilities if the Heat want an inexpensive solution. But he points out that coach Erik Spoelstra rarely relies on one-dimensional shooters, and says the Miami front office may be looking for something more. With Marc Gasol out indefinitely, the Grizzlies might have interest in Whiteside, even though he is only months away from free agency, Winderman posits. Whiteside and filler [such as Chris Andersen] could bring back Courtney Lee, Winderman speculates, while throwing in some more salary could be enough to land Jeff Green.

There’s more news out of Miami:

There is an increased feeling in the front office that trading Whiteside might be the best move for the franchise, Winderman writes in the same story, but he adds that Whiteside’s representatives aren’t expecting a deal.
Even before Whiteside made waves with his nationally televised ejection this week, Heat officials were having doubts about signing him long-term, according to Barry Jackson of The Miami Herald. Miami expects Whiteside’s next contract to start at $17MM or more, and there are questions within the organization about whether that’s a wise investment. Jackson cited two sources who say the team is considering a Whiteside trade.
A reunion with LeBron James in the All-Star Game — the first time they have been teammates since James left the Heat in 2014 — is bringing back memories for Dwyane Wade, writes Jason Lieser of The Palm Beach Post. Miami’s Big Three was almost completely back together, but Chris Bosh had to pull out of tonight’s game with a strained right calf. Wade said the roster upheaval in Miami has changed the atmosphere in the locker room. “We all can deal with each other’s success and failures and family things a lot differently than what we deal with now with younger teammates that grew up watching us play like fans,” he said. “It was cool playing with our peers, guys that we came into the league with. That’s a totally different relationship.”

Thunder Notes: Westbrook, Durant, Novak, Augustin

February 13th, 2016 at 4:33pm CST by Arthur Hill

Thunder point guard Russell Westbrook is brushing aside talk that he might join the Lakers when his current contract expires, writes Anthony Slater of The Oklahoman. Westbrook, who will be a free agent in 2017, has close ties to the Los Angeles area, being born in Long Beach and playing college basketball at UCLA. Westbrook was a Lakers fan growing up, but he says he has no plan to play for them. “I like where I am now,” Westbrook said. “Oklahoma City is a great place for me.”

There’s more news today regarding the Thunder:

Signing a one-year contract may be Kevin Durant‘s best strategy in free agency, Slater writes in a separate piece. The All-Star small forward, who is expected to be the most sought-after free agent this summer, can benefit financially by testing the market again in 2017. Slater explains that Durant can get a max deal this summer worth 30% of a salary cap that is projected at about $90MM. Next season will be Durant’s 10th in the league, which qualifies him for 35% of the cap, which is expected to rise to about $108MM in 2017/18. Chuck Myron recently examined Durant’s free agency options in depth.
Durant would be interested in a front office position once his playing days are done, tweets Marc J. Spears of Yahoo Sports.
Little-used combo forward Steve Novak could be a valuable trade chip for Oklahoma City, according to Bobby Marks of The Vertical on Yahoo Sports. Novak has only played 24 minutes over seven games this season, but Marks thinks a team could be tempted to take on his expiring $3.75MM contract. Novak has been with eight franchises during his 10-year NBA career. Marks also advises the Thunder to hold onto all of their starters and rotation players to make a run at the NBA title. That includes reserve point guard D.J. Augustin, who averages just 15.3 minutes per night, but whose experience might be valuable in the playoffs, as the only other backup at that position is rookie Cameron Payne.

Western Notes: Cousins, Levien, Montero

July 15th, 2015 at 10:31pm CST by Eddie Scarito

Kings coach George Karl admits talking hypothetical DeMarcus Cousins trades “behind closed doors,” but Karl tells Ken Berger of CBSSports.com that he rejects the notion that he was actively trying to trade the center. “As a coach, in meetings every year and maybe four or five times a year, you talk about what-ifs,” Karl said. “And 99% of what-ifs never happen. But isn’t it our job to talk about what-ifs? Does this make us better? Does this get us in a better place? That’s our job. There was never a discussion in that area even close to happening, in my opinion. … Never in the whole time of this experience did I ever think that I wasn’t going to coach Cuz.”

Here’s what else is happening around the Western Conference:

Jason Levien has become an unofficial adviser to Kings owner Vivek Ranadive, Scott Howard-Cooper of NBA.com tweets. Levien was formerly the CEO of the Grizzlies, as well as a former Sacramento assistant GM, Howard-Cooper notes.
The Wolves were able to create a traded player exception worth $5MM as a result of dealing Chase Budinger to the Pacers, Eric Pincus of Basketball Insiders notes (Twitter link).
Danny Green said that LaMarcus Aldridge contacted him during the free agent process to pick his brain about the Spurs, Jeff McDonald of The San Antonio Express News tweets. Green also noted that the possibility of playing alongside Aldridge factored heavily into his decision to re-sign with the Spurs, McDonald adds.
The Trail Blazers‘ deal with Luis Montero is a three year arrangement with the first season partially guaranteed, according to former Nets executive Bobby Marks (Twitter links).
The Thunder have removed forward Steve Novak from the trading block, Chris Mannix of SI.com relays. OKC was reportedly seeking financial relief and was willing to flip Novak in exchange for a future draft pick.
Wilson Chandler‘s contract renegotiation and extension with the Nuggets will pay him $10.4MM in 2015/16, $11.2MM for 2016/17, $12.0MM in 2017/18, and $12.8MM during the final season, Pincus notes (Twitter links).

Chuck Myron contributed to this post.