Zach LaVine

Bulls Match Kings’ Offer Sheet For Zach LaVine

As expected, the Bulls have officially matched the offer sheet the Kings presented to Zach LaVine, the team announced on Twitter.

The contract, which is fully guaranteed with no options, will pay LaVine $78MM over the next four years. It also includes financial protections for the Bulls in case LaVine experiences further problems with his surgically repaired left knee. Under NBA rules, the Bulls cannot trade LaVine without his consent or send him to the Kings under any circumstances for an entire year, tweets salary cap expert Albert Nahmad.

“We were excited last summer when we got a dynamic athlete in Zach LaVine through the trade,” said Bulls executive John Paxson, “and we’re excited now that we get to keep him.” (Twitter link from K.C. Johnson of The Chicago Tribune.)

LaVine was the centerpiece of a deal that sent Jimmy Butler to the Timberwolves on the night of the 2017 draft. Chicago was willing to gamble on LaVine even though he was coming off a torn ACL. He sat out the first half of his first season with the Bulls, then averaged 16.7 PPG in 24 games after recovering.

Chicago appears to still be functioning as an over-the-cap team after matching LaVine’s offer, but it could get up to about $19MM in space by waiving Sean Kilpatrick, Paul Zipser (non-guaranteed) and Julyan Stone while keeping David Nwaba‘s cap hold on its books. That would also involve renouncing all the team’s exceptions, including three traded player exceptions.

Bulls Notes: LaVine, Grant, Payne, Stone

The Bulls will be investing in an unknown commodity by matching the Kings’ four-year, $78MM offer sheet for Zach LaVine, writes Nick Friedell of ESPN. Chicago’s most recent offer to LaVine was only about $2MM less per year than the deal with the Kings, so it’s not a great financial burden for the team to take on. The bigger question is what kind of player LaVine will be after an ACL tear limited him to a combined 71 games over the past two seasons.

The 23-year-old got into just 24 contests in his first season with Chicago and wasn’t particularly effective. LaVine averaged 16.7 points per game, but shot a career-low 38.3% from the floor and the Bulls were outscored by 7.2 PPG while he was on the court. Friedell states that LaVine hasn’t progressed beyond what he was when he entered the league, an athletic marvel who lacks efficiency on offense and consistency on defense.

The Bulls may also have to repair their relationship with LaVine, who said he felt more wanted by the Kings in free agency. The front office believes it has to match LaVine’s offer sheet so it won’t lose the centerpiece of the Jimmy Butler trade, Friedell adds, but it isn’t certain that it’s getting a player to build around for the next four seasons.

There’s more news out of Chicago:

  • An escalating salary cap will make LaVine’s new contract look better in future years, notes K.C. Johnson of The Chicago Tribune. Conflicting reports give LaVine a starting salary of either $18.1MM or $19.5MM, which would be either 17.8% or 19.1% of the salary cap, and that percentage will fall in future years as the cap continues to rise. Johnson also notes that the Kings did the Bulls a favor by putting substantial injury protection for themselves in the deal in case LaVine has more problems with his left knee. Chicago’s front office didn’t suggest that in its negotiations out of fear of angering LaVine and his representatives.
  • Tonight’s decision to trade Jerian Grant was a sign of confidence in Cameron Payne as the backup point guard, Johnson adds in a separate story. The Bulls will save about $1MM in swapping Grant for Julyan Stone and another $1,656,092 by waiving Stone before his August 1 guarantee date. Injuries have limited Payne to just 36 games since being acquired from the Thunder at the 2017 trade deadline.
  • The Bulls will create a $2.6MM trade exception in tonight’s deal, tweets salary cap specialist Albert Nahmad. The team can open as much as $29MM before officially matching LaVine’s offer sheet by waiving Paul Zipser and Sean Kilpatrick (Twitter link).

Zach LaVine Signs Kings’ Offer Sheet; Bulls To Match

9:10pm: The Bulls plan to match the offer sheet, ESPN’s Adrian Wojnarowski tweets. The cap hit for the Bulls will be $19.5MM annually, Bobby Marks of ESPN tweets.

7:04pm: Bulls shooting guard Zach LaVine has agreed a four-year, $80MM offer sheet from the Kings, Shams Charania of Yahoo Sports tweets. Chicago has 48 hours to match the offer for the restricted free agent.

The offer includes a full guarantee with no options, Michael Scotto of The Athletic tweets.

The Bulls made LaVine an offer, but not nearly for the amount Sacramento placed on the table, according to ESPN’s Marc Spears.

“I’m disappointed that I had to get an offer sheet from another team. But Sacramento stepped up and made a strong impression,” LaVine told Spears. “It appears that Sacramento wants me more than Chicago.”

Spears reports the offer as $78MM. In any case, Chicago will have to pony up to retain the talented wing.

LaVine averaged 16.7 PPG in 24 games last season after returning from a torn left ACL. He was traded last offseason by the Timberwolves in the Jimmy Butler blockbuster.

The Kings are the first rival suitor to make a concrete offer to a restricted free agent this summer.

Photo courtesy of USA Today Sports Images.

FA Rumors: LaVine, Parker, Jefferson, Beasley

While the Bulls and Zach LaVine aren’t necessarily close to a deal, the team has had communication with LaVine and his representatives, writes K.C. Johnson of The Chicago Tribune. According to Johnson, the Bulls assured LaVine that speculation they wanted to do a $14MM-per-year deal wasn’t accurate, and have “proactively” negotiated in good faith with his camp on a deal that could be in the range of $18MM annually.

That seems like a very reasonable number for LaVine, particularly since only two other teams can currently offer a deal worth anything close to that, and neither of those teams seems to be pushing hard for the Bulls guard. As Johnson details, the Bulls don’t want to let LaVine get away and aren’t eager to have him play on his qualifying offer, so it seems like there’s a good chance the two sides will eventually get something done.

Here are a few more free agent notes and rumors from around the NBA:

  • The market for Bucks RFA Jabari Parker hasn’t materialized like he hoped, tweets Jordan Schultz of Yahoo Sports, noting that there may be some league-wide concern about Parker’s attitude and health.
  • After being waived by the Pacers, Al Jefferson is considering playing overseas for the 2018/19 season, Indiana president of basketball operations Kevin Pritchard said today (Twitter link via Tony East of 8 Points, 9 Seconds).
  • Michael Beasley hasn’t heard from the Knicks since free agency began, according to Marc Berman of The New York Post. A source tells Berman that Beasley, who is drawing interest from a couple teams, is “disappointed” in the lack of interest from the Knicks, but understands that they’re “going young.”
  • Longtime NBA forward Dorell Wright is finalizing an agreement to sign with Lokomotiv Kuban in Russia, tweets international basketball reporter David Pick.

Kings To Focus On Trade Market With Cap Room?

The Kings are one of three NBA teams with significant cap room still available and have been linked to big-name restricted free agents like Jabari Parker and Zach LaVine within the last week or two. However, rather than making a bid for an RFA, Sacramento may take another route with its cap space.

According to Jason Jones of The Sacramento Bee, the Kings intend to focus on the trade market, hoping to use their cap room to absorb an unwanted contract or two and collect extra draft assets. The ideal scenario for the team, Jones suggests, would be to acquire a veteran small forward in a trade and pick up a 2019 first-rounder, since Sacramento’s own 2019 pick is headed to the Celtics or Sixers.

While Jones confirms that Sacramento has expressed interest in Parker and LaVine, the prospect of reshaping the roster around either player, plus the uncertainty surrounding an offer sheet – which could be matched by the Bucks and Bulls, respectively – may ultimately discourage the club from pursuing either RFA. The Kings also view Parker as a power forward and aren’t looking to add more players at that spot, Jones notes.

The Kings have been on the lookout for a small forward in free agency, offering slightly more money to Mario Hezonja than the $6.5MM he’ll reportedly receive from the Knicks. However, if the team can add a small forward in a trade that also includes another asset or two, it may be a win in both the short- and long-term for the franchise.

While Jones doesn’t identify any specific trade partners the Kings may talk to, Bobby Marks’ list of clubs with the highest projected 2018/19 team salaries gives us a pretty good idea of which teams might be looking to cut costs.

The Thunder are one possible trade partner, though Alex Abrines and Kyle Singler may not appeal much to the Kings, and Carmelo Anthony is unlikely to approve a trade to Sacramento. The Raptors could be an intriguing fit if they’re looking to get out of the tax, or at least to reduce their projected tax bill — Norman Powell is believed to be available, and C.J. Miles could be too.

Pacific Notes: Lakers, Knight, Kings

There’s pressure on the Lakers to get a second star, but it’s far from urgent, Eric Pincus of Bleacher Report writes. So long as the franchise continues to practice patience, they’ll remain flexible enough to have options.

As things stand, the club has $5.7MM in cap space. That figure could grow to as much as $15.5MM if the club waives and stretches Luol Deng‘s contract over three seasons. They can get as high as $22.8MM if they can unload the deal altogether with “at least a first-rounder attached,” Pincus says. That flexibility would make a Brandon Ingram-for-Kawhi Leonard swap financially feasible.

Of course the Lakers could wait to see if a different trade for a star beckons, as reports suggest with Jimmy Butler and as is at least borderline conceivable with Damian Lillard.

An alternative to making a move this season would be giving center Brook Lopez the Lakers’ remaining $5.7MM of cap space on a one-year deal, retaining all of their young players in an audition to see who best fits with LeBron James, then going out shopping for a star next summer.

There’s more out of the Pacific Division tonight:

Kings Still Weighing Offer For Zach LaVine?

The Kings, who were said to have interest in Zach LaVine before free agency officially began, may still be eyeing the restricted free agent, according to ESPN’s Adrian Wojnarowski.

During a conversation with colleague Bobby Marks on his podcast, Wojnarowski suggested on Wednesday that LaVine may be the best bet of the remaining restricted free agents to receive a lucrative offer sheet. According to Woj, the Kings have been “pretty serious” about LaVine and still have approximately $18-20MM in cap room to make an offer, if they so choose.

The Bulls still have plenty of cap flexibility and could comfortably match a four-year, $80MM offer for LaVine. However, an offer sheet in that range would put some pressure on the Bulls, who reportedly preferred to bring back their RFA guard on an average annual salary closer to $14-16MM. Given the tepid market for restricted free agents so far, Chicago may have been hoping to get an even more team-friendly deal.

LaVine is one of several notable restricted free agents who has yet to reach a contract agreement so far, joining Clint Capela, Jabari Parker, Marcus Smart, and Jusuf Nurkic, among others. It’s not clear if the Kings are considering offer sheets for any of those other players — the team was reportedly eyeing Parker earlier in free agency, but he may no longer be a Sacramento target.

Hawks Among Those Interested In Zach LaVine

Count the Hawks among those interested in Bulls guard Zach LaVine, Vincent Goodwill of NBC Sports Chicago tweets. They’ll join a handful of suitors that also includes the Kings, as we wrote about earlier this week.

Atlanta, like Sacramento, will have plenty of cap space to throw at the restricted free agent. A bidding war between clubs well short of the cap, coupled with the 23-year-old’s hypothetical ceiling, could drive the former slam dunk champion’s forthcoming contract through the roof.

While there are concerns about LaVine’s health following an ACL tear in early 2017, he remains a world-class athlete that averaged 18.9 points per game half-way through 2016/17 before succumbing to the injury.

LaVine performed admirably in just over a third of a season with the Bulls but Chicago may pause at the thought of matching a max or near-max contract offer sheet should either the Hawks or Kings decide to go that high.

It’s worth noting that Hawks general manager Travis Schlenk has been particularly conservative financially throughout his short tenure with the franchise. That said, the chance to net a potential All-Star young enough to build around may prove too much to resist.

Lowe’s Latest: James, Thunder, RFAs

The Lakers may not necessarily need a star in place to lure LeBron James, Zach Lowe of ESPN writes in a massive round-up of free agency notes. If James were to sign in Los Angeles alongside the team’s existing young stars and plethora of cap space they’d immediately become one of the league’s most appealing destinations for the next 12 months.

The comment comes in response to the notion that the Lakers are growing desperate to acquire Kawhi Leonard from the Spurs prior to James’ opt-in deadline tomorrow at 10:59pm CST. As things stand, both the Celtics and Sixers appear poised to offer better packages than what Lowe speculates L.A. might.

The King’s decision will have a ripple effect on the rest of the league, especially the Eastern Conference. If the Raptors, for example, were to watch James head to the West, it would make keeping their current core in place more appealing considering that their path to the Finals would be hypothetically easier.

Here’s a taste of the rest of Lowe’s findings:

  • If the Thunder can convince Paul George to return to Oklahoma City, it will be a monumental victory for general manager Sam Presti. If he leaves, the club would be forced to at least think about blowing the current squad up and trading Russell Westbrook.
  • Only six teams have notable amounts of potential cap space and half of those – the Hawks, Bulls and Kings – are telling teams that they’re interested in using that space to absorb bad contracts and pick up assets.
  • It’s unclear that there will be much of a market for Derrick Favors beyond, potentially the Mavs. It may make more sense for the big man to stay with the Jazz after finally starting to click alongside Rudy Gobert in Quin Snyder‘s offense last season.
  • The two best candidates to sign a qualifying offer this summer and approach next summer as unrestricted free agents are Celtics guard Marcus Smart and Trail Blazers center Jusuf Nurkic. Lowe writes that Nurkic turned down a “rich” four-year extension last fall but might have a hard time finding a team willing to offer more than the mid-level exception this summer.
  • It stands to reason that Aaron Gordon, Zach LaVine and Jabari Parker will yield significant offers from the Magic, Bulls and Bucks  respectively but none of those teams have reason to offer a max contract right away.
  • The Pacers could make life harder for the Magic by putting together an offer in the $20MM range for Gordon. Lowe writes that there has been “mild discontent for years” about Gordon’s role in Orlando’s offense.
  • The Nuggets tried “feverishly” to trade for a second first-round pick last Thursday in the hopes of nabbing Zhaire Smith. Denver’s 2019 first-rounder was on the table in those talks.

For more free agency notes, including some potential contract extension candidates and the reasoning behind Nikola Jokic not getting a player option in the fifth year of his new deal with the Nuggets, check out the full feature at ESPN.

Zach LaVine On Kings’ Radar, Receives QO From Bulls

The Bulls have tendered a qualifying offer to Zach LaVine putting him on track to become a restricted free agent on Sunday, per RealGM’s official transactions log. When LaVine reaches the open market, he can expect to draw interest from the Kings, according to K.C. Johnson of The Chicago Tribune, who hears from league sources that Sacramento is considering signing LaVine to an offer sheet.

After failing to meet the starter criteria due to his ACL injury, LaVine is in line for a qualifying offer worth $4,333,932. The 23-year-old could accept that one-year offer from the Bulls with an eye toward unrestricted free agency in 2019, but he’s more likely to sign a long-term deal this summer.

LaVine could receive that long-term offer from the Kings, who project to have up to about $19MM in cap room, assuming Garrett Temple exercises his player option. That would be enough to accommodate a lucrative multiyear offer for LaVine, though the Bulls would likely match something in the four-year, $80MM range, according to Johnson. An offer closer to the max would give Chicago pause, Johnson adds. Based on a $101MM cap, a four-year max contract projects to be worth over $108MM.

[RELATED: Kings interested in Jabari Parker, Mario Hezonja]

The Bulls viewed LaVine as a franchise building block when they acquired him from the Timberwolves last summer. Although the team still envisions having LaVine on its roster for years to come, the front office also wants to make sure not to overpay the young guard, and would like to maintain flexibility to add another core piece if the opportunity arises, writes Johnson.

LaVine is one of a handful of Bulls who are eligible for restricted free agency. We heard earlier today that David Nwaba has received a qualifying offer from the club, and two-way player Ryan Arcidiacono got one too, according to RealGM’s transactions log.

Noah Vonleh isn’t in Chicago’s plans and won’t receive a qualifying offer, according to Johnson. Vonleh will become an unrestricted free agent on July 1.