Wayne Ellington Rumors | Hoops Rumors

Cavs Acquire Speights, Ellington From Grizzlies

January 22nd, 2013 at 11:20am CST by Luke Adams

The Grizzlies and Cavaliers have offically finalized a deal that sends Marreese Speights, Wayne Ellington, Josh Selby and a protected first-round draft pick to Cleveland in exchange for Jon Leuer, according to Brian Windhorst of ESPN.com (via Twitter). The Cavaliers have waived Jeremy Pargo to clear room on their roster for the incoming players.

Memphis has been at the center of a number of trade rumors this month, a result of the team's reported desire to get below the tax line. While most of those rumors have involved more expensive players like Rudy Gay and Zach Randolph, I noted last week that Speights was another candidate to be dealt, since moving his $4MM+ salary would be enough to get the Grizzlies out of the tax. That's essentially what Memphis is doing in this deal with the Cavs, moving Speights along with Ellington's $2.08MM expiring contract. Selby and Leuer are a wash, earning identical $762,195 salaries.

Cleveland has the room to absorb Ellington's and Speights' salaries under the cap, while the Grizzlies will move below the tax line for 2012/13. Memphis should also obtain a handful of trade exceptions in the transaction, worth the amount of Speights', Ellington's, and Selby's salaries — $4,200,000, $2,083,042, and $762,195 respectively.

Speights, 25, was a productive rotation piece for the Grizzlies last year after the team acquired him from the 76ers, starting 54 contests for the club and averaging 8.8 PPG and 6.2 RPG. However, he has seen a reduced role in Memphis this season, with his minutes being reduced from 22.4 per game to 14.5. Because he was playing on a one-year contract (excluding his second-year player option) following his rookie deal, the forward had the rights to veto a trade, but he agreed to be dealt to the Cavs due to that lack of playing time in Memphis, according to Ronald Tillery of the Memphis Commercial Appeal (Twitter link).

For the Cavaliers, Selby and Memphis' pick act as sweeteners to compensate the Cavs for taking on salary, including Speights' $4.52MM player option for 2013/14. Joel Brigham of HoopsWorld wrote yesterday that Selby, who excelled in the Summer League in July, was waiting for an opportunity to try to translate that success to the regular season. He figures to have a better chance to receive that opportunity in Cleveland.

Meanwhile, the first-rounder heading to the Cavs is protected from 1-5 and 15-30 in 2015 and 2016, before being top-five protected in 2017 and 2018 and unprotected in 2019. Like the first-rounder that was traded by the Raptors to the Rockets (and eventually to the Thunder) over the summer, the unique protection makes it a likely lottery pick.

Despite clearing Speights from next year's books, the Grizzlies still project to be likely taxpayers in 2013/14 and '14/15, so as Grantland's Zach Lowe points out (via Twitter), the club could explore more cost-cutting deals in the summer. The trade also brings the Grizzlies' roster to 11 players, two below the NBA minimum, so free agent signings will be required. Memphis is currently considering Delonte West and Bill Walker, among others.

Marc J. Spears of Yahoo! Sports (Twitter links), Brian Windhorst of ESPN.com (Twitter links), Steve Kyler of HoopsWorld (all Twitter links), and Jason Lloyd of the Akron Beacon Journal (Twitter link) were all involved in breaking various details of the story.

Extension Rumors: Gibson, Casspi, Curry

October 31st, 2012 at 8:55pm CST by Luke Adams

This year's deadline for extension-eligible fourth-year players to sign new deals is just hours away, arriving at 11:00pm CT today. Blake Griffin, Serge Ibaka, and Ty Lawson came into the day as the only players with new contracts, while Stephen Curry reached an unexpected agreement with the Warriors this morning and James Harden agreed to a maximum deal with the Rockets this afternoon. Will we see any other extensions signed before the night is out? We'll track today's extension-related rumors and rumblings right here:

Aggrey Sam of CSNChicago reports Taj Gibson is seeking a four-year extension worth $40MM while the Bulls are offering $32MM. Sam notes a $36MM figure in the middle would be equal to what fellow forwards Ryan Anderson and Jeff Green got over the summer, and less than the $10MM or more Sam believes Gibson could command as a restricted free agent next summer (All Twitter links).

Earlier updates:

Western Notes: Harden, Grizzlies, Mavs, Seattle

October 29th, 2012 at 2:02pm CST by Luke Adams

In dealing James Harden to the Rockets, the Thunder ensured that the gold medalist will likely remain in the Western Conference for years to come. In his weekly Morning Tip piece at NBA.com, TNT's David Aldridge notes that while that may come as a surprise, there weren't many logical fits with Eastern Conference clubs.

The Thunder liked Bradley Beal, but the Wizards weren't interested in dealing the third overall pick. Brian Schmitz of the Orlando Sentinel, meanwhile, tweets that the Magic had some pieces that could have enticed Oklahoma City, but Orlando probably wouldn't have given Harden the max. The Magic ended up not getting involved in the Harden sweepstakes, tweets Josh Robbins of the Orlando Sentinel.

Here are a few more Monday afternoon updates from around the Western Conference, with just over 24 hours until the NBA regular season gets underway:

Within his NBA.com column, Aldridge reports that the final sale price of the Grizzlies to Robert Pera's ownership group was $377MM.
Wayne Ellington remains unlikely to be extended by the Grizzlies before Wednesday, according to Ronald Tillery of the Memphis Commercial Appeal.
Tim MacMahon of ESPNDallas.com wonders if carrying so many players in contract years could blow up for the Mavericks.
NBA.com's Scott Howard-Cooper spoke to Seattle mayor Mike McGinn about the possibility of the NBA returning to his city. McGinn said that he's rooting for Sacramento to keep the Kings, since he knows what it feels like to lose a team, but is still hopeful about professional basketball coming back to Seattle.
Nuggets center JaVale McGee is going to have to learn how to deal with the burden of having a big contract and the attention that brings, writes Adrian Dater of the Denver Post.
The Lakers and Clippers both head into the 2012/13 season hoping that revamped benches will help them contend for a title, says Jill Painter of the Los Angeles Daily News.
Sam Smith of Bulls.com believes that, even without Harden, the Thunder are the team to beat in the Western Conference.
Luke Zeller's contract includes a $50K guarantee, so if he opens the season with the Suns, that doesn't mean he'll be with the team all year, says Mark Deeks of ShamSports (Twitter links).

Western Notes: Stephen Curry, Bogut, Spurs

October 20th, 2012 at 8:32pm CST by Ryan Raroque

Here are some rumblings out of the Western Conference tonight:

Grizzlies guard Wayne Ellington is in the final year of his rookie contract and aims to be more aggressive in order to earn consistent playing time in Memphis, writes Ronald Tillery of The Commercial Appeal).
Brad Townsend of SportsDayDFW discusses the importance of Rick Carlisle's leadership skills as it relates to the Mavericks' ability to succeed this season (subscribers only).
Kevin McHale commented on some of the coaching challenges he's encountered with his inexperienced Rockets team (Jonathan Feigen of Ultimate Rockets notes).
According to this report from CSN Bay Area, Stephen Curry received no concerns from Dr. Richard Ferkel after the orthopedic surgeon evaluated his ankle today. Dr. Ferkel also checked out the progress of Andrew Bogut's left ankle and determined that his rehabilitation has been on schedule. Warriors GM Bob Myers says that while Bogut does not need clearance to participate in full-contact practice, the team wants to make sure that he is completely free of any pain or discomfort before they let him scrimmage.
Spurs coach Gregg Popovich told reporters that the their final roster spot will come down to deciding between Derrick Brown and Eddy Curry (Jeff McDonald of Spurs Nation reports).
Dwight Howard fully participated in today's practice with the Lakers and is prepared to make his debut tomorrow under the approval of their training staff (says Ramona Shelbourne of ESPN Los Angeles). Also, forward Jordan Hill was cleared to practice with the team today after being diagnosed with a herniated disk less than two weeks ago, and told reporters that he could possibly return before the season opener on October 30.
According to Jerry Zgoda of the Star Tribune, forwards Louis Amundson and Dante Cunningham have emerged as "energy guys" for Rick Adelman and the Timberwolves.

Odds & Ends: Stone, Ellington, Pistons, Kings

October 15th, 2012 at 4:39pm CST by Luke Adams

Julyan Stone, recovering from hip surgery, could be out until January, Nuggets coach George Karl tells Benjamin Hochman of the Denver Post. Stone's contract is only partially guaranteed for $100K, so it's possible the team decides to cut him, but Hochman stresses that the Nuggets "love" the second-year point guard, suggesting he's still part of their plans going forward. Here are a few more updates from around the NBA:

Following up on David Aldridge's story on extension candidates that we covered earlier, Ronald Tillery of the Memphis Commercial Appeal says Wayne Ellington won't be extended by the Grizzlies due to the pending change in ownership.
General manager Joe Dumars has the Pistons on an upward trajectory as the team continues to rebuild, writes Adrian Wojnarowski of Yahoo! Sports.
Kings coach Keith Smart recently appeared on Sacramento radio station KHTK to discuss Tyreke Evans, DeMarcus Cousins, and changing the culture in Sacramento. Eric Schmoldt of Sports Radio Interviews has the details.
Jon Pastuszek of NiuBBall.com passes along Chinese reports that indicate the Qingdao Double Star Eagles are still considering signing Jerome Jordan. We'd heard previously of Qingdao's interest in Jordan, but perhaps the seven-footer is more intrigued by the possibility now that Tracy McGrady is on board.
Gino Pilato of Ridiculous Upside wonders if Kelenna Azubuike could head to the D-League after being released by the Cavaliers.

Grizzlies, T-Wolves Swap Cunningham, Ellington

July 24th, 2012 at 4:00pm CST by Luke Adams

The Grizzlies and Timberwolves have agreed to swap Dante Cunningham and Wayne Ellington, according to Ronald Tillery of the Memphis Commercial Appeal (Twitter link). There had been rumblings over the last couple weeks that the trade would be consummated soon, but the T-Wolves needed to work through cap issues before making the deal official.

Financially, the deal works out almost perfectly, as the Grizzlies take on Ellington's $2,083,042 salary, while Cunningham and his $2,090,000 salary head to Minnesota. Ellington is in the final year of his rookie deal, while Cunningham has one more team option for 2013/14. From an on-court perspective, Ellington joins a Grizzlies' backcourt that has also added Jerryd Bayless and was in need of a shooter. Cunningham will add size to a T-Wolves' frontcourt that includes Kevin Love, Nikola Pekovic, Derrick Williams, and Greg Stiemsma.

Having moved Cunningham, the Grizzlies will look to re-sign Hamed Haddadi for something close to the minimum, tweets Tillery. The Wolves, meanwhile, still need to officially finalize deals for Stiemsma, Alexey Shved, and Brandon Roy.

Southwest Notes: Lin, Mavericks, Grizzlies

July 18th, 2012 at 3:01pm CST by Luke Adams

Earlier today, we rounded up a number of pieces reacting to the Knicks' decision to let Jeremy Lin sign with the Rockets, but the Lin updates continue to pour in. ESPN's J.A. Adande argues that Houston is the ideal spot for Lin to thrive, while the day's most interesting Lin piece came from Pablo S. Torre of SI.com, who chronicles the point guard's free agency process.

"Honestly, I preferred New York," Lin told Torre. "But my main goal in free agency was to go to a team that had plans for me and wanted me. I wanted to have fun playing basketball. … Now I'm definitely relieved."

As the newest Rocket arrives in Houston, here are a few more items out of the Southwest Division:

The Mavericks are still scouring the free agent market for bench options, GM Donnie Nelson tells Dwain Price of the Fort Worth Star-Telegram: "We're always looking. It's one of those situations where free agents have to be looking out for their best interest, and it's our job to look out for the Mavericks' best interest. We're looking at trying to get the best possible talent that we can."
While the Mavs could still choose to re-sign Delonte West, Jeff Caplan of ESPNDallas.com wonders if the club should turn its focus to a rebounder instead, and lists a few potential targets.
The Grizzlies' front office is happy with how the roster is shaping up, says Ronald Tillery of the Memphis Commercial Appeal. Tillery adds that the team still expects to send Dante Cunningham to Minnesota for Wayne Ellington, and that the trade could be finalized any day. I imagine the Timberwolves are still waiting for resolution on Nicolas Batum's offer sheet.

Grizzlies, Timberwolves Discussing Trade

July 17th, 2012 at 12:11pm CST by Luke Adams

TUESDAY, 12:11pm: The Grizzlies believe they have a verbal agreement to swap Dante Cunningham for Wayne Ellington, but the Timberwolves seem to be looking to include Cunningham in another deal before finalizing anything, reports Ronald Tillery of the Memphis Commercial Appeal. Tillery speculates that the T-Wolves are waiting for resolution on Nicolas Batum's offer sheet before making any other moves official.

"The shoe will drop this week or it won't get done," one source told Tillery, on the Grizzlies/Timberwolves trade talks.

Spurs, Jazz, Timberwolves Discussing Trade

March 13th, 2012 at 7:38pm CST by Ryan Raroque

Alex Kennedy of HoopsWorld reports that the Spurs, Jazz, and Timberwolves are in talks that would see Josh Howard go to San Antonio, C.J. Miles and Jamaal Tinsley to Minnesota, and Wayne Ellington along with Danny Green to Utah.

He also writes that while no deal is imminent, talks are ongoing and it is likely that draft picks and more players are added to the deal.

Berger On Gasol, Rondo, Jamison, Jackson, Okafor

March 9th, 2012 at 4:49pm CST by Luke Adams

Ken Berger of CBSSports.com has a few late-Friday afternoon updates on the trade market for us. Here are the highlights:

Berger echoes a number of other reporters who say that, while the Lakers and Rockets are discussing Pau Gasol, no agreement has been reached yet.
The Celtics had been fielding offers for Rajon Rondo in recent weeks, but have disengaged from those talks.
The Trail Blazers have "made it clear" they're accepting offers for Gerald Wallace.
Antawn Jamison's camp is intrigued by the possibility of Jamison going to the Lakers, but Los Angeles hasn't expressed any sort of serious interest in the veteran, says Berger. Even if they were interested, I can't see a way the two teams could match up, given Jamison's $15MM+ cap figure. Nonetheless, the Cavaliers are aggressively seeking future assets for Jamison.
One executive predicts that "no one's touching" Stephen Jackson unless he's bought out by the Bucks.
In addition to pursuing offers for Chris Kaman, the Hornets are also shopping Emeka Okafor.
The Timberwolves are gauging interest in Wayne Ellington and Anthony Tolliver.