Portland Trail Blazers Rumors | Hoops Rumors

And-Ones: Marks, Foye, Lee

February 19th, 2016 at 11:24pm CST by Eddie Scarito

Thunder GM Sam Presti referred to the trade with Denver that netted the team Randy Foye, as well as saved the team approximately $9.8MM in cap commitments, as “smart business,” Anthony Slater of The Oklahoman relays (Twitter link). “The roster spot clearly gives us some flexibility to survey other opportunities to improve,” Presti said. “Then financially, that obviously wasn’t the intent of the deal, but because of the presence of Dakari Johnson, Semaj Christon and Alex Abrines in the drafts that we’ve had previously, we feel pretty good about those guys. So the draft choices in this particular draft were more valuable to Denver. And the money that we were able to save, the way that we’ve operated here, that allows us to reinvest in the team and clearly our team is going to become more and more expensive.”

Here’s more from around the league:

The Bucks didn’t make a deal prior to Thursday’s trade deadline and a big reason was that the team considers Giannis Antetokounmpo and Jabari Parker to be virtually untouchable, Charles F. Gardner of The Journal Sentinel writes. One of the duo would likely have had to be included in any swap for a big-name player, which was a non-starter as far as the franchise was concerned, notes Gardner. “Those guys are vault guys,” coach Jason Kidd said. “They’re in the vault. You don’t start a conversation with Jabari or Giannis. There’s no conversation to be had, right. So word gets around that those guys are untradeable.“
The Celtics came close to dealing David Lee, who was waived earlier today, and viewed his expiring contract as a means to work a swap for a marquee player at the trade deadline, Adam Himmelsbach of The Boston Globe writes. “We almost had trades a few times, or thought there was a possibility,” team executive Danny Ainge said. “His [Lee] contract was a good way for us to get into a lot of the conversations we had.“
Dmitry Razumov, the chairman of the Nets‘ board of directors, indicated that new GM Sean Marks will guide the team’s search for a new head coach but team ownership will also have input in the process, Mike Mazzeo of ESPN.com relays (ESPN NOW link). The team is likely to strongly consider San Antonio assistant coach Ettore Messina for the vacant slot, Frank Isola of The New York Daily News opined when Marks’ hiring was first announced.
The Blazers sent $75K to the Heat in exchange for point guard Brian Roberts, which is the minimum allowable amount per league rules, Eric Pincus of Basketball Insiders tweets.

Multiple Teams Interested In Anderson Varejao

February 19th, 2016 at 7:45pm CST by Chuck Myron

7:45pm: The Spurs and Mavericks are also among the teams interested in Varejao, Stein writes in a full-length story. Dallas is reportedly the frontrunner to sign David Lee once he clears waivers, so it is possible that the Mavs consider Varejao a secondary option, though that is merely my speculation.

6:51pm: The Warriors are among the teams that have expressed interest in signing Varejao once he clears waivers, Marc Stein of ESPN.com tweets.

12:18pm: The Thunder have swiftly jumped into the market for Anderson Varejao, ESPN’s Brian Windhorst said in an appearance with Tony Cartagena on ESPN Cleveland Radio today (audio link; scroll to seven-minute mark). Windhorst also links the Clippers and the Bulls to Varejao, though that appears to be speculative. The Trail Blazers waived Varejao on Thursday after acquiring him via trade from the Cavaliers, who can’t re-sign him for 12 months.

Oklahoma City shed $3.615MM in salary and roughly another $6MM in projected luxury tax penalties thanks to Thursday’s trade to acquire Randy Foye. The Thunder are still well over the tax threshold, but the cost of a prorated minimum-salary contract for Varejao would pale in comparison to what the team would have spent if it hadn’t pulled off the trade with the Nuggets that sent out D.J. Augustin and Steve Novak. Oklahoma City sent an undisclosed amount of cash to Denver in the swap, but it couldn’t have been more than $1.9MM.

The deal also opened a roster spot for the Thunder, so they wouldn’t have to make a corresponding move to add Varejao. The 33-year-old big man must first clear waivers before signing with any team, though that’s likely a formality, given the nearly $10MM in guaranteed salary his contract would entail for next season.

The Thunder have a prorated portion of their $3.376MM taxpayer’s mid-level exception that they could use to outbid other suitors, though doing so would cut into the money the team saved in the trade.

Blazers Acquire Brian Roberts; Heat Duck Tax

February 18th, 2016 at 11:55pm CST by Chuck Myron

Nick Turchiaro / USA TODAY Sports Images

5:19pm: The Heat traded Brian Roberts and Miami’s unprotected 2021 second-round pick to the Trail Blazers for cash, the teams announced. The move takes the Heat beneath the luxury tax threshold, according to Wojnarowski (on Twitter), and averts the repeat-offender tax penalties the team had been facing,

Miami progressively shed salary throughout the season, dealing Shabazz Napier, Zoran Dragic, Mario Chalmers, James Ennis, Chris Andersen and finally Jarnell Stokes and Roberts in separate deadline-day deals to avoid becoming the first NBA team hit with the repeater tax, which starts at a rate of $2.50 for every dollar spent. The tax isn’t calculated until the final day of the regular season, and the Heat are only about $1MM shy of the $84.74MM threshold, so they could still add enough salary to again cross it. That’s an unlikely proposition given their months-long efforts, however.

The Heat gain a trade exception worth Roberts’ $2,854,940 salary. It’s the second time the point guard has been traded this week, as he went from the Hornets to the Heat in Tuesday’s three-team Courtney Lee trade. The contract for the 30-year-old Roberts expires at season’s end, and he’ll surely hope for more opportunity to showcase himself for free agency than he saw in Charlotte. His 4.8 points, 1.3 assists and 11.1 minutes per game are all career lows for the fourth-year veteran. Blazers GM Neil Olshey hinted in the team’s press release that Roberts will get a chance to contribute in Portland.

“Brian is an experienced player and a quality person,” Olshey said. “He has a skill set we value and fills a positional need as we head into a critical time in the season.”

Roberts went into Portland’s open roster spot and the team’s ample cap space. Miami’s deadline moves, including the Stokes trade, leave the Heat with the regular-season minimum of 13 players.

Adrian Wojnarowski of The Vertical on Yahoo Sports first reported the trade (Twitter link). Ira Winderman of the Sun Sentinel identified the second-round pick going to Portland as a 2021 selection (link to Twitter). RealGM confirms the pick is Miami’s own and carries no protection.

Cavs Acquire Frye, Trade Varejao To Blazers

February 18th, 2016 at 11:54pm CST by Chuck Myron

Kim Klement / USA Today Sports Images

4:52pm: The Cavaliers have acquired Channing Frye and traded Anderson Varejao to the Trail Blazers in a deal that’s officially structured as two separate trades, the Cavs announced via press release. The Blazers and Magic have also formally acknowledged their respective sides of the arrangement. The Cavs sent Varejao and their top-10 protected 2018 first-round pick to the Trail Blazers for their own 2020 second-round pick, which Cleveland had relinquished to Portland in a previous trade. Cleveland then sent it to the Magic, without protection, along with Jared Cunningham, for Frye. The Blazers subsequently waived Varejao, and John Denton of Magic.com confirms an initial report from Marc J. Spears of Yahoo Sports that the Magic will waive Cunningham (Twitter link).

The Cavs hadn’t been optimistic about landing Frye, believing the Clippers would outbid them, notes Jason Lloyd of the Akron Beacon Journal (on Twitter), but L.A. wouldn’t bite on a reported proposal that reportedly involved Lance Stephenson and C.J. Wilcox. The Magic had been trying to trade Frye, according to an earlier report from Marc Stein of ESPN.com, who suggested the effort to find a taker for the 32-year-old would accelerate once the team traded Tobias Harris, Frye’s cousin. Frye has two years and nearly $15.228MM left on his contract after this season.

“Channing Frye is someone we know well. His length, floor spacing ability and locker room presence will impact us positively,” Cavs GM David Griffin said in the team’s statement. “He is a great fit with our group, both on the court and off, and we look forward to Channing, his wife Lauren, and their children, Hendrix and Margaux joining us here in Cleveland.”

The 32-year-old Frye has long been a prototypical floor-stretching big man, nailing 39.7% of his 3-pointers this season and 38.7% for his career. He averaged 17.1 minutes per game this season in Orlando, the second fewest of his career but more than Varejao, who saw 10.0 minutes per game this year in Cleveland, where he’s spent all of his 12 NBA seasons. The longtime confidant of LeBron James, who entered the league the same year Varejao did, saw his playing time slashed to new lows this season as he returned from an injury that prematurely ended last season for him.

“Anderson is a special player, teammate and person,” Griffin said. “Few players have earned the respect, support and admiration of an entire organization, fan base and community as Andy did here. Those are all things that made this a difficult deal to do. At the same time, we have a deep obligation to do whatever we can to reach our ultimate goal and we believe this was a deal that improves our team now and positions us better in the future as well. We thank Andy for his hard work, dedication and contributions to the Cavaliers and our community and wish him and his wife, Marcelle, the very, very best.”

The Cavs reportedly offered Varejao for Frye to the Magic, who were reluctant, but the Cavs insisted that they be able to offload Varejao somehow if they were to come away with Frye, wary of the tax implications of having both on the roster. Thus, the Blazers came into the picture, absorbing Varejao into their ample cap space and turning a second-rounder into a first for their trouble. Varejao has close to $10MM in guaranteed salary for after this season remaining on the extension he signed with the Cavaliers in 2014.

“This was an opportunistic way to use our cap room to acquire a valuable asset,” Blazers GM Neil Olshey said.

The pair of swaps save the Cavaliers an estimated $10MM in combined salary and projected luxury tax penalties, as Dave McMenamin of ESPN.com notes (Twitter link). Frye makes $8,193,029 this season, while Varejao has a $9,638,554 salary that increases slightly thanks to a 5% trade kicker. Cunningham makes the three-year veteran’s minimum salary of $981,348 but only costs $947,276, the equivalent of the two-year veteran’s minimum, to the Magic because he is on a one-year deal. Orlando will be stuck with that figure on its books, though that’s scarcely burdensome, since the subtraction of Frye takes the Magic significantly below the salary cap.

It’s somewhat surprising that Orlando isn’t keeping Cunningham, the 24th overall pick from 2012 whose NBA career was in jeopardy before a strong preseason performance in which he averaged 12.4 points per game allowed him to make Cleveland’s opening-night roster on what was initially a non-guaranteed deal. He forged a close kinship with LeBron. Regardless, neither he nor Varejao will be allowed to rejoin Cleveland this season even if they clear waivers and become free agents.

The Cavaliers used their $10,522,500 Brendan Haywood trade exception to accommodate the Frye trade, reducing its value to $2,329,471. The Varejao trade allows them to create a new sizable trade exception, worth $9,638,554, that won’t expire for another year. Offloading Cunningham allows the Cavs another new trade exception, worth $947,276.

Frank Isola of the New York Daily News first reported the Cavs would acquire Frye from the Magic (Twitter link). Sam Amick of USA Today had news of Varejao going to the Blazers (Twitter link), while Adrian Wojnarowski of The Vertical on Yahoo Sports reported that the Blazers would waive him (Twitter link). USA Today’s Jeff Zillgitt heard Cunningham was going to Orlando (Twitter link), while Marc J. Spears of The Vertical on Yahoo Sports relayed that he’d also be waived (Twitter link). McMenamin had word that the first-rounder was going to Portland (Twitter link), and Eric Gunderson of The Columbian heard that the first-rounder headed to Portland was top-10 protected (Twitter link). Spears reported the Magic would get a second-round pick (Twitter link). RealGM shows it’s Cleveland’s own 2020 pick and unprotected, and also confirms that the 2018 first-rounder going to Portland is Cleveland’s own.

Western Notes: Martin, Howard, Green

February 18th, 2016 at 10:21pm CST by Eddie Scarito

The Trail Blazers didn’t want to part with any of their young core of players at this year’s trade deadline, Joe Freeman of The Oregonian writes. “We went into the trade deadline trying to be opportunistic,” Portland president of basketball operations Neil Olshey told Freeman. “We wanted to gather assets. Clearly this group is really overachieving. There’s a lot of young guys that have a future and we wanted to make sure we were giving them the chance to win. We didn’t want to touch the core group of guys that have exceeded expectations. [Coach] Terry [Stotts] is comfortable with those guys, they’re doing what we need them to do on the court. But we need things in the future to continue to build the roster and that’s what we did today.”

There is a chance that the team will re-sign Tim Frazier, who was waived earlier today, Freeman adds. “Tim was a casualty. He’s been great for us,” Olshey said. “He’s great in the locker room, he’s close with our guys. We told him, ‘Look, if we don’t have an opportunity to add another player at your position, we would look at bringing you back if you clear waivers.’ I can’t speak to that right now. But at the time he was the most viable candidate to be waived to create the roster spot for Anderson Varejao.” Varejao was subsequently waived by Portland.

Here’s more from out West:

Timberwolves GM Milt Newton said the team hasn’t discussed a potential buyout arrangement with shooting guard Kevin Martin but added that it’s a conversation that will probably come up in the near future, Jerry Zgoda of the Star Tribune relays (on Twitter). Martin, who possesses a player option worth nearly $7.378MM for next season, was reportedly a trade deadline target of the Knicks, but the teams didn’t strike a deal. The 33-year-old has appeared in 35 games for Minnesota this season and is averaging 11.3 points, 2.0 rebounds and 1.3 assists in 22.6 minutes per night.
The Grizzlies‘ players have let team management know that they don’t want newly acquired swingman Lance Stephenson waived, Adrian Wojnarowski of Yahoo Sports tweets.
Rockets GM Daryl Morey noted that the team never came close to trading center Dwight Howard, Jonathan Feigen of The Houston Chronicle relays (Twitter links). “It was going to have to take something significant to make us look at anything and even then we probably wouldn’t have,” Morey said. “Part of my job is I have to explore everything. We believe in James [Harden] and Dwight together.“
Numerous teams were interested in Howard, but any deal was contingent on the big man agreeing to opt in next season, something Howard wasn’t keen on, relays Marc Stein of ESPN.com. “Not surprisingly, as the deadline approached, several teams called stating they had worked out the trade parameters with Houston for a Dwight deal but were not prepared to give up their assets unless Dwight agreed to opt into the last year of his contract and forgo free agency. Dwight declined,” Dan Fegan, Howard’s agent, said.
Point guard Erick Green has officially rejoined the Reno Bighorns following the expiration of his second 10-day pact with the Jazz, Chris Reichert of Upside & Motor relays (via Twitter). Reno is the D-League affiliate of the Kings.
The Jazz have assigned big man Tibor Pleiss to the Idaho Stampede, their D-League affiliate, the team announced. This will be Pleiss’ fourth stint in the D-League on the season.

Central Notes: Rubio, Forman, Harris

February 18th, 2016 at 9:30pm CST by Eddie Scarito

The Bulls held off on making any major trade deadline moves because no offers significant enough to improve the team materialized, according to GM Gar Forman, K.C. Johnson of The Chicago Tribune relays. “We understand the frustrations. Up to this point, it has been a disappointing year,” Forman said. “We all realize — from ownership to the front office to the players to the coaching staff — we haven’t done as well as we thought we would do. We hold ourselves accountable that we haven’t met expectations. With that said, we certainly were not in any type of panic mode. We looked at the big picture. Obviously, the injuries that we’ve had have hurt. But that’s not the only reason. … We explored heavily and were very, very active with talks with a lot of teams. There wasn’t something we felt … significant enough to do something right now.”

Here’s the latest from the Central Division:

The Pistons believe that Tobias Harris is still on the rise as a player and that he will be able to help the franchise in a variety of ways, Keith Langlois of NBA.com writes. “The interesting thing is being able to look at what he was doing this season but going back to our free-agent preparation for the summer and the review of last year’s performance,” GM Jeff Bower told Langlois. “We feel that showed us a player with a variety of skills that can help a team in numerous ways. We also think that his play and the projection of his performance over the next five years is on a steady incline based on what we’re seeing and think he has a lot of room to grow as a player. We really like that this is a move that can be looked at as a long-term move as well as one that will fit with our core group of players and we’ll be able to keep them together due to contract certainty. Those are all pieces that were pretty important.”
The protected first round pick the Cavaliers sent to the Trail Blazers as part of the Channing Frye trade will become two second round picks if it is not conveyed in 2018 or 2019, Erik Gunderson of The Columbian relays (on Twitter).
The Bulls never attempted to trade power forward Pau Gasol, though the team did receive numerous inquiries about his availability, Forman insists, as Nick Friedell of ESPN.com notes (Twitter links). Forman also indicated that the team still hopes to re-sign center Joakim Noah, who will become an unrestricted free agent this offseason, Friedell adds.
Cavs GM David Griffin noted that the team had a deal in place with Frye when he was a free agent in 2014, but Cleveland couldn’t make the numbers work because it needed all of its cap space to sign LeBron James, Jason Lloyd of The Akron Beacon Journal tweets.
The Bucks made several attempts to pry point guard Ricky Rubio away from the Wolves but balked when Minnesota requested shooting guard Khris Middleton in return, Jon Krawczynski of The Associated Press reports (Twitter link).

Blazers Waive Tim Frazier, Anderson Varejao

February 18th, 2016 at 5:00pm CST by Chuck Myron

5:00pm: Portland has waived Varejao, the team announced (on Twitter).

3:38pm: Frazier has officially been waived, the Trail Blazers announced.

12:29pm: The Trail Blazers will waive Tim Frazier to accommodate the trade acquisition of Anderson Varejao, reports Shams Charania of The Vertical on Yahoo Sports (Twitter link), and likely waive Varejao once the trade goes through, according to Vertical colleague Adrian Wojnarowski (on Twitter).

Frazier, 25, is earning $845,059 this season, the remainder of which Portland will still be on the hook for. The point guard has appeared in 35 games for the Blazers this season, including one start. He averaged 1.5 points, 1.1 rebounds and 1.2 assists in 7.8 minutes per contest.

Originally inked as an unrestricted free agent last March, Frazier posted averages of 1.9 points, 1.2 rebounds, 1.5 assists and 8.5 minutes in parts of two seasons with the Trail Blazers.

Cavaliers Consider Trading Anderson Varejao

February 17th, 2016 at 9:43pm CST by Arthur Hill

9:43pm: The Magic aren’t interested in taking on Varejao’s contract, but they are thinking about sending Frye to Cleveland for a trade exception, according to Adrian Wojnarowski of The Vertical on Yahoo Sports. The Cavaliers have a $10.5MM exception — enough to absorb Frye’s $8.2MM salary — they got from trading Brendan Haywood to the Blazers last summer. However, the Cavs don’t want to add Frye unless they can offload Varejao somehow, Wojnarowski writes.

Orlando is growing tired of waiting for a decision from the Clippers, who say they need until Thursday morning to decide whether to give up Lance Stephenson, C.J. Wilcox and a second-round pick in exchange for Frye, Wojnarowski reports.

Varejao still has two years and nearly $19MM in guaranteed money remaining on his contract. Wojnarowski confirms that Cleveland is looking for a teams with cap space like Philadelphia or Portland to take Varejao in a three-team deal. The third team could expect to get cash and draft picks in return. If the Cavaliers were to take on Frye’s contract without getting rid of Varejao’s, it would push their estimated luxury tax bill from $61MM to nearly $96MM.

L.A. has been looking at other trades to get rid of Stephenson’s contract, which pays him $9MM this year and $9.4MM next season, Wojnarowski reports. If the Orlando deal goes through, the Magic are expected to waive or trade him.

7:04pm: The Magic don’t plan to accept Cleveland’s offer of Varejao for Frye, tweets Sam Amick of USA Today.

6:17pm: Cleveland has offered Varejao to Orlando in exchange for stretch four Channing Frye, tweets Marc Stein of ESPN.com. The Cavaliers are hoping to trump reported trade talks between the Magic and Clippers.

4:17pm: The Cavaliers are considering a deal involving veteran power forward Anderson Varejao, tweets Frank Isola of The New York Daily News. He mentions the Blazers and Sixers as possible trade partners.

Varejao has been with Cleveland for his entire 12-year NBA career. He has appeared in just 31 games this season and is averaging 2.6 points and 2.9 rebounds in 10 minutes of playing time.

Varejao is signed through the 2017/18 season. He makes $9,638,554 this year and is due to get $10,361,446 in 2016/17, but only $9,361,446 of that is guaranteed. His $10MM salary for 2017/18 is non-guaranteed, but he will receive a $4.5MM guarantee if he is on a roster through August 1st of next year. Varejao’s contract includes a 5% trade kicker.

A Varejao deal could be connected to a rumored swap for the Pelicans’ Ryan Anderson that Isola also reported. Only the Blazers have enough cap room to take on Varejao without worrying about the league’s salary-matching rules.

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.

Western Notes: Green, Rockets, McDaniels, Lillard

February 6th, 2016 at 10:58pm CST by Arthur Hill

Erick Green won’t mind missing the D-League All-Star Game next week after signing a second 10-day contract with the Jazz, writes Aaron Falk of The Salt Lake Tribune. Green has only seen nine minutes of playing time in three games with Utah, but the 6’3″ guard has managed to impress coach Quin Snyder. “We felt like he’s done everything we’ve asked of him and the minutes that he has played he’s played pretty good,” Snyder said. “Some of it is a question of we’ve had a couple situations where guys are getting bumped and banged up a little bit and we feel good about what he brings.”

There’s more from the Western Conference:

Today’s lopsided loss to the Blazers is the latest evidence that the Rockets need a complete makeover, according to Calvin Watkins of ESPN.com. Houston is 27-26 a year after reaching the Western Conference finals, and there have been rumblings for some time that changes are needed. The Rockets are over the luxury tax threshold and facing a hard cap, so GM Daryl Morey is limited in what he can do.
The Rockets have assigned K.J. McDaniels to their D-League affiliate in Rio Grande Valley, the team tweeted today.
New teammates surround the Blazers‘ Damian Lillard this year, but the move that bothers him most is LaMarcus Aldridge‘s decision to sign with the Spurs, according to Sam Amick of USA Today. “I would have loved nothing more than to have him back,” Lillard said of Aldridge. “To have another All-Star on the team was good for me. I was happy with it. I reached out to him a bunch of times [before and during free agency], but I think he had got to the point where he thought maybe the organization was choosing me over him. And to this day, I still tell people that it’s not my team, it’s [owner] Paul Allen’s team, and I was willing to be the best complement I could to LaMarcus Aldridge. I expressed that to him multiple times, but I think it just came down to him being ready to move on to a new situation.” Portland lost four of its starters over the offseason, with Wesley Matthews signing with the Mavericks, Robin Lopez signing with the Knicks and Nicolas Batum being traded to the Hornets.