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Forbes Releases 2019 NBA Franchise Valuations

February 6th, 2019 at 1:03pm CST by Luke Adams

A year ago, when Forbes released its annual NBA franchise valuations, the Knicks were reeling from the news that Kristaps Porzingis has suffered a torn ACL, but still earned the top spot on Forbes’ list of the league’s most valuable teams.

This time around, Knicks fans are reeling from the trade that sent Porzingis to Dallas. Once again though, the franchise is still considered the most valuable of any of the NBA’s 30 clubs, according to a report from Kurt Badenhausen and Mike Ozanian of Forbes.

For the first time, all 30 NBA teams have a perceived worth of $1.2 billion or more, per Forbes’ annual report. While all 30 teams’ valuations cracked the $1 billion threshold for the first time last year, 10 franchises were below $1.2 billion.

The league-wide average of $1.9 billion per team in 2019 is also a new record, with franchise valuations up 13% in total over last year’s figures. NBA franchise values have once again tripled over the last five years, according to Badenhausen and Ozanian.

Here’s the full list of NBA franchise valuations, per Forbes:

New York Knicks: $4 billion
Los Angeles Lakers: $3.7 billion
Golden State Warriors: $3.5 billion
Chicago Bulls: $2.9 billion
Boston Celtics: $2.8 billion
Brooklyn Nets: $2.35 billion
Houston Rockets: $2.3 billion
Dallas Mavericks: $2.25 billion
Los Angeles Clippers: $2.2 billion
Miami Heat: $1.75 billion
Toronto Raptors: $1.675 billion
Philadelphia 76ers: $1.65 billion
San Antonio Spurs: $1.625 billion
Portland Trail Blazers: $1.6 billion
Sacramento Kings: $1.575 billion
Washington Wizards: $1.55 billion
Phoenix Suns: $1.5 billion
Oklahoma City Thunder: $1.475 billion
Utah Jazz: $1.425 billion
Indiana Pacers: $1.4 billion
Denver Nuggets: $1.375 billion
Milwaukee Bucks: $1.35 billion
Orlando Magic: $1.325 billion
Atlanta Hawks: $1.3 billion
Cleveland Cavaliers: $1.275 billion
Detroit Pistons: $1.27 billion
Minnesota Timberwolves: $1.26 billion
Charlotte Hornets: $1.25 billion
New Orleans Pelicans: $1.22 billion
Memphis Grizzlies: $1.2 billion

The Sixers are this year’s big riser, moving from 21st on the 2018 list to 12th in 2019. Conversely, the Cavaliers fell the most. After losing LeBron James, Cleveland was the only franchise to see its valuation dip from year to year, as it decreased from $1.325 billion (15th) in 2018 to $1.275 billion (25th) in 2019.

Clippers Trade Tobias Harris To Sixers

February 6th, 2019 at 12:02pm CST by Luke Adams

12:02pm: The Sixers and Clippers have both issued press releases officially announcing the trade.

“We are in the unique position to contend now and we think this trade positions us well for the postseason,” Sixers GM Elton Brand said in a statement. “Tobias is one of the best three-point shooters in the NBA and possesses an innate ability to impact the game on both ends of the floor, while Boban and Mike provide valuable skillsets, size and depth to our team. All three players bring high character to our locker room and we are excited about their fit alongside Joel, Ben, Jimmy and our entire roster.”

7:10am: The Sixers and Clippers have agreed on a six-player deal that will send Tobias Harris to Philadelphia, Adrian Wojnarowski of ESPN writes. In exchange, Los Angeles will bring back rookie Landry Shamet, two first-round picks and a number of other resources. Shams Charania of The Athletic first reported (via Twitter) that the two sides had reached a deal.

In total, Philadelphia will acquire Harris, Boban Marjanovic, and Mike Scott while Los Angeles adds Shamet, Wilson Chandler, Mike Muscala, Philadelphia’s own 2020 first-rounder, Miami’s unprotected 2021 first-rounder, and a pair of future second-rounders. The two second-round picks will be the Pistons’ 2021 and 2023 selections, per Rich Hofmann of The Athletic (Twitter link).

As for the Sixers’ 2020 first-round pick, ESPN’s Ramona Shelburne reports (via Twitter) that it will be lottery protected for three seasons, and would turn into a pair of second-round picks for 2023 and 2024 if it hasn’t conveyed after those three years.

It’s a massive swing by the 76ers, who appear to be going all-in on their current group after years of rebuilding. In Harris, they acquire a 26-year-old forward who is having the best year of his career. In 55 games for the Clippers, he averaged 20.9 PPG and 7.9 RPG with a shooting line of .496/.434/.877. All of those numbers are career highs.

Harris will join a starting lineup that already features Joel Embiid, Jimmy Butler, Ben Simmons, and J.J. Redick, giving the Sixers arguably the most talented starting five in the East. Meanwhile, Scott and Marjanovic will help replace some of the frontcourt depth Philadelphia has sacrificed by trading Chandler, Muscala, Dario Saric, and Robert Covington this season.

Harris is on an expiring contract and will become an unrestricted free agent this summer, but the Sixers intend to be “aggressive” in re-signing him to a new deal, sources tell Wojnarowski. The plan in Philadelphia is to secure the team’s Big 4 of Embiid, Butler, Simmons, and Harris long-term, regardless of luxury tax concerns, according to ESPN’s Zach Lowe (Twitter link).

Of course, as Lowe observes in a follow-up tweet, having both Butler’s and Harris’ Bird Rights in free agency this offseason will give the Sixers some leverage negotiating with each player. If the franchise ultimately does re-sign both players and gives Simmons a maximum-salary extension, the Big 4 would likely cost approximately $120MM by the 2020/21 season, Bobby Marks of ESPN observes.

As for the Clippers’ side of the deal, while Harris had been great for the team since coming over in last year’s Blake Griffin blockbuster, he isn’t at the top of the organization’s wish list for 2019 free agency. As such, the club was comfortable giving up his Bird Rights in exchange for long-term assets.

By acquiring Shamet and two more first-round picks, including an unprotected 2021 Heat selection that could end up being pretty valuable, the Clippers have added more strong trade assets that could be used in pursuit of a star down the road.

Although the Clippers were one of the clubs on Anthony Davis‘ reported four-team wish list, L.A.’s front office didn’t make this trade with the primary objective to go after Davis, league sources tell Wojnarowski. Still, if the Clips pursue a player like AD or another star this week or in the offseason, their new assets will probably be more intriguing to a rebuilding team than Harris would have been.

Harris ($14.8MM), Marjanovic ($7MM), and Scott ($4.32MM) are all on expiring contracts, as are Chandler ($12.8MM) and Muscala ($5MM). However, the Clippers will actually add a little money to their books for 2019/20 by taking on Shamet, who is on his rookie contract and will earn just under $2MM in 2019/20.

Even after that modest addition to their cap, the Clippers will be in a good position to create the space necessary for at least one maximum-salary player in July. According to Marks, the Clippers should have about $37MM in room, and could increase that number to $49MM by waiving Avery Bradley. If they could find a taker for Danilo Gallinari, that figure would further increase to $70.7MM, which should be enough for two max slots.

The ramifications of this blockbuster deal on both conferences could be significant. In the West, the Clippers currently hold the No. 8 seed at 30-25, but the Kings and Lakers remain in hot pursuit of a playoff spot. Without Harris, the Clips’ playoff chances will dip, which in turn will reduce their odds of hanging onto their 2019 first-round pick — that selection is owed to the Celtics, but is lottery protected.

Meanwhile, in the Eastern Conference, there’s a clear group of four teams at the top of the postseason race, with the Sixers joining the Bucks, Raptors, and Celtics. It will be interesting to see whether any of those other contenders respond with moves of their own before Thursday’s deadline.

In his analysis of the trade, ESPN’s Tim Bontemps notes that Milwaukee may have already made its most significant move, acquiring George Hill earlier in the season, and Boston may save its assets for an offseason run at Davis. That leaves the Raptors as the most intriguing wild card over the next couple days. Toronto has been aggressive on several fronts, tweets Chris Mannix of SI.com.

Finally, one more cap-related note on this swap: The Clippers have multiple options for how to structure the deal, but one approach would see them create a $9.8MM traded player exception. Philadelphia won’t be able to generate a new TPE in the trade.

Austin Kent contributed to this story.

Photo courtesy of USA Today Sports Images.

O’Connor’s Latest: Gasol, Conley, OKC, Prince, More

February 6th, 2019 at 11:16am CST by Luke Adams

As we relayed earlier today, Kevin O’Connor of The Ringer hears that the Hornets‘ offer for Grizzlies center Marc Gasol is Bismack Biyombo, Michael Kidd-Gilchrist, and a protected first-round pick. That would be an underwhelming return for Gasol, but there hasn’t been much league-wide interest in the 34-year-old, O’Connor writes.

The Kings and Pistons were among the teams potentially in the mix for Gasol, according to O’Connor, but Memphis didn’t have any interest in Detroit center Andre Drummond and Sacramento was unwilling to part with promising young wing Bogdan Bogdanovic, whom the Grizzlies wanted.

The Raptors reportedly explored a potential Gasol deal, initially attempting to come up with an individual trade for one Grizzlies veteran before turning it into a package for both Gasol and Mike Conley, O’Connor writes. However, those talks didn’t advance and league sources tell The Ringer that it’s unlikely Toronto ends up with Gasol or Conley.

Elsewhere on the Conley front, the Jazz continue to make a strong push, with an offer that includes Ricky Rubio, Derrick Favors, and a first-round pick, per O’Connor. The sense around the NBA is that the Grizzlies won’t settle for a modest return for Conley, which is something we heard in relation to the Pistons’ offer earlier today.

O’Connor’s latest piece for The Ringer features several more trade-related tidbits, so we’ll round them up here…

The Thunder are believed to be among the teams with interest in Cavaliers guard Alec Burks, league sources tell O’Connor. However, Burks wouldn’t fit into OKC’s $10.88MM trade exception. The Thunder, along with the Sixers and Trail Blazers, have expressed interest in Hawks wing Taurean Prince, O’Connor adds.
Following up on his report from last week about the Rockets and Grizzlies discussing a Brandon Knight trade, O’Connor suggests that Marquese Chriss and a first-round pick would also go to Memphis in that proposed deal. Houston would be targeting JaMychal Green and Garrett Temple in the swap, though it remains in the discussion stage for now.
The Kings have made calls about veteran forwards Harrison Barnes (Mavericks) and Otto Porter (Wizards) but have found no traction on a Porter deal, writes O’Connor.
While DeAndre Jordan looks like an obvious trade candidate, it wouldn’t be a major surprise if the Knicks keep him around as a potential recruiter for Kevin Durant, according to O’Connor, who notes that Durant and Jordan are good friends. Stefan Bondy of The New York Daily News wrote about this subject on Tuesday.
League sources don’t expect the Celtics to do anything at the deadline with Terry Rozier, since he could serve as potential Kyrie Irving insurance or a sign-and-trade sweetener for Anthony Davis in the offseason, says O’Connor.
According to O’Connor, the Pacers remain open to moving one of their two veteran point guards, Cory Joseph or Darren Collison. Both players are on expiring contracts.

Raptors Made Offer For Mike Conley, Marc Gasol?

February 5th, 2019 at 3:44pm CST by Luke Adams

3:44pm: The Grizzlies would be looking for more than Lowry and Valanciunas in return for Conley and Gasol, according to Mitch Lawrence of Sporting News, who hears that Memphis asked for Pascal Siakam (Twitter link). The Raptors aren’t trading Siakam, but would be willing to include Delon Wright and a future first-round pick, says Lawrence.

Toronto’s 2019 first-round pick is committed to San Antonio, so the 2021 first-rounder would be the next one available.

2:18pm: While the Grizzlies have reportedly been primarily engaged in talks with the Jazz and Pistons for Mike Conley, another potential suitor has entered the mix, according to Jake Fischer of SI.com. League sources tell Fischer that the Raptors have contacted Memphis and offered Kyle Lowry and Jonas Valanciunas in a deal for both Conley and Marc Gasol.

It’s a fascinating offer from Toronto’s perspective, as the second-best team in the East appears willing to give up an All-Star guard and an important rotation piece in a proposal that would reshape its roster. Lowry has been made aware of the Raptors’ trade talks involving him, per Fischer.

On the other hand though, it’s hard to see why the Grizzlies would jump at Toronto’s offer, unless the franchise isn’t totally committed to rebuilding. Lowry has a cap number similar to Conley’s, albeit with a contract that expires a year earlier. Valanciunas has a $17.62MM player option for next season.

By comparison, Utah’s offer for Conley reportedly includes a sizable expiring contract (Ricky Rubio‘s) and a first-round pick. It could also feature a prospect like Dante Exum or Grayson Allen, according to Fischer. Detroit’s offer for Conley is said to include Reggie Jackson and a first-rounder. The Grizzlies are believed to be seriously considering both teams’ offers, per Tony Jones of The Athletic (Twitter link).

According to Fischer, the Grizzlies turned down the Raptors’ initial offer and would prefer to receive younger players – such as OG Anunoby – and/or draft assets from Toronto.

Meanwhile, Michael Grange of Sportsnet.ca provides a different perspective, tweeting that he’s heard the talks between the Grizzlies and Raptors were initiated by Memphis and didn’t progress very far.

While Grange’s and Fischer’s accounts on which team initiated the talks seem contradictory, it’s possible both are accurate — perhaps Memphis made the first call and the Raptors, in turn, returned the Grizzlies’ call to let them know what they’d be willing to offer. If the Grizzlies didn’t like what they heard, discussions may not have advanced from there.

Kawhi Didn't Notice Ballmer At Clippers/Raptors Game

February 5th, 2019 at 1:12pm CST by Luke Adams

One of the Clippers‘ offseason free agent targets, Raptors forward Kawhi Leonard, didn’t notice that Clips owner Steve Ballmer was sitting courtside for the club’s game in Toronto on Sunday, writes Ryan Wolstat of The Toronto Sun. The Clippers have sent representatives to Raptors games throughout the season as they prepare to make a summer pitch to Leonard. “I’m not thinking about it right now. I’m just focused on the season,” Leonard said. “I didn’t know [Ballmer] was at the game until you guys told me. I’m focused and when that time comes we’ll have to talk and sit down with everyone and have meetings.”

Deveney’s Latest: Blazers, Harkless, Saric, Matthews

February 4th, 2019 at 3:55pm CST by Luke Adams

After officially acquiring Rodney Hood in a trade with Cleveland earlier today, the Trail Blazers may not be done dealing, writes Sean Deveney of Sporting News. According to Deveney, some executives around the NBA have suggested that Portland regretted its relative inactivity at last season’s deadline and is more willing to make moves this time around.

Whether the Trail Blazers do anything drastic may hinge on their willingness to move second-year big man Zach Collins, according to Deveney, who says that the team has “resisted inquiries” on Collins so far.

Maurice Harkless is among the Trail Blazers who could be had though, and the team is open to moving its first-round pick as well, per Deveney. Harkless has one more year on his contract after this season, which figures to limit his value — teams like the Knicks and Nets have had interest in him in the past, but won’t want to compromise their 2019 cap flexibility by acquiring him now, Deveney observes.

Here’s more on the Blazers, plus a couple other notes from Deveney on the trade market:

Nikola Mirotic (Pelicans), Jeremy Lin (Hawks), Evan Fournier (Magic), and JaMychal Green (Grizzlies) are among the players the Trail Blazers have expressed interest in, sources tell Deveney.
Dario Saric‘s production and playing time has dipped since Ryan Saunders took over as the Timberwolves‘ head coach, and Deveney suggests that it wouldn’t be a shock to see Saric back on the trade block in the offseason, or even this week. “He could be had for a decent offer, a first-rounder and a player,” one league executive told Deveney.
Deveney reiterates that the Raptors and Rockets are expected to be among the favorites for Wesley Matthews if he’s bought out, as we heard earlier today. The Bucks wouldn’t be among Matthews’ suitors, per Deveney, though Milwaukee hopes to add one more frontcourt piece via trade or free agency.

Wesley Matthews Would Be Popular Target On Buyout Market

February 4th, 2019 at 10:04am CST by Luke Adams

Veteran swingman Wesley Matthews made his Knicks debut on Sunday, but it’s unclear how many more games he’ll play for the club. New York has received “multiple inquiries” about Matthews, according to Marc Berman of The New York Post, who hears from a source that the Sixers are expected to have some interest in a deal.

Berman writes that a buyout “won’t happen,” but that could be posturing from the Knicks’ side, as opening the door for that possibility would diminish Matthews’ value on the trade market. If the 32-year-old ends up being bought out, he’d be a popular free agent target, according to Marc Stein of The New York Times (Twitter link).

Stein identifies the Rockets, Thunder, Raptors, 76ers, and Warriors as teams hoping Matthews makes it to free agency. Tim MacMahon of ESPN.com had previously reported (via Twitter) that Houston would have interest in Matthews on the buyout market.

While the Knicks appear to be resisting the buyout route, it might be tricky for the club to find a taker for Matthews by Thursday’s deadline. The franchise has zero interest in taking on 2019/20 salary, and there aren’t a ton of expiring contracts around the NBA that make sense as salary-matching pieces for Matthews’ own $18.6MM expiring deal.

A team like the Kings might make sense as a trade partner for the Knicks, since they have $11MM in cap room and multiple non-rotation veterans on expiring deals, including Zach Randolph ($11.7MM). Clubs like the Rockets, Thunder, and Raptors, however, wouldn’t have a clear path to a trade, given their current cap situations, which is why they’re hoping Matthews is ultimately bought out.

As the Knicks consider their options with Matthews, it’s worth noting that head coach David Fizdale has said that he believes both Matthews and DeAndre Jordan could have a future in New York, as Berman relays. The Knicks are hoping that Jordan will be a “big influence” on rookie center Mitchell Robinson, Berman adds.

“Both of those guys have played some [playoff] series on some really good basketball teams,” Fizdale said. “And who knows what the future holds for these guys? They’re ours now, free agents at the end of the year, but who knows? I want them to come here and enjoy the process with us and really help the young guys.”

Pressure Mounting For Raps As Kawhi Leonard Decision Looms

February 3rd, 2019 at 10:17pm CST by Austin Kent

Pressure is mounting on the Raptors to click and establish themselves as the legitimate title contenders that stakeholders hoped they would be after the acquisition of Kawhi Leonard. As Bruce Arthur of the Toronto Star writes, if Leonard does choose to leave the organization, the stakes will be lower than they’ve been in years. That ought to make the time leading up to the decision particularly tense.

NBA Announces All-Star Reserves

January 31st, 2019 at 6:12pm CST by JD Shaw

The NBA announced today the reserves for the 2019 All-Star Game, releasing the pool of players eligible to be drafted by captains LeBron James and Giannis Antetokounmpo for the contest.

For the Eastern Conference, Washington’s Bradley Beal, Detroit’s Blake Griffin, Toronto’s Kyle Lowry, Philadelphia’s Ben Simmons, Milwaukee’s Khris Middleton and Orlando’s Nikola Vucevic were all selected.

Indiana guard Victor Oladipo was also chosen, but he’ll miss the game due to injury. The NBA could name a replacement for Oladipo, with Eric Bledsoe or D’Angelo Russell among the most likely candidates.

New Orleans’ Anthony Davis, Oklahoma City’s Russell Westbrook, Denver’s Nikola Jokic, Golden State’s Klay Thompson, Portland’s Damian Lillard, San Antonio’s LaMarcus Aldridge and Minnesota’s Karl-Anthony Towns were chosen to represent the Western Conference.

James and Antetokounmpo will draft their respective teams next Thursday, Feb. 7 at 7:00pm ET. The draft will air on TNT and commence just hours after the NBA’s trade deadline. Each captain must first finish selecting from the pool of starters — announced last week — before choosing from this list of reserves.

The All-Star Game is set to take place on Sunday, Feb. 17 at Spectrum Center in Charlotte. The starters for the game were chosen by votes from fans, players and media, while the reserves were selected by the 30 NBA head coaches.

Porzingis May Prefer Trade; Knicks Expected To Explore Market

January 31st, 2019 at 2:00pm CST by Luke Adams

After meeting with Knicks management to express his concern about the team’s direction, Kristaps Porzingis left the franchise with the impression that he prefers to be traded, according to Adrian Wojnarowski and Ramona Shelburne of ESPN.com (Twitter link). The Knicks are expected to begin discussions about possible Porzingis trades ahead of next week’s deadline, the ESPN duo reports.

As we relayed in our earlier Porzingis story, the injured big man – along with his brother (and agent) Janis – reportedly spoke to the Knicks today about his frustration with the team’s losing, the franchise’s history of dysfunction, and his concern about whether sustainable organizational success is possible.

While ESPN’s report suggested that Porzingis would like to win in New York, it seems that he’s not confident that can happen anytime soon. He’ll be a restricted free agent during the summer of 2019, so the Knicks are in position to hang onto him for at least another season, if they so choose, but it sounds like the club is willing to test the market to see what kind of offers are out there. The Knicks previously considered trading Porzingis when Phil Jackson was in charge of basketball decisions.

An All-Star a year ago, Porzingis averaged 22.7 PPG, 6.6 RPG, and 2.4 BPG with a .439/.395/.793 shooting line in 48 games in 2017/18, displaying franchise-player potential. However, a torn ACL ended his season early and has sidelined him for the entire 2018/19 campaign so far.

Considering Porzingis still hasn’t returned to action following that ACL tear, it’s not clear what the trade market for him would look like at this point. If he’s able to get back on the court during the final couple months of the season and prove he’s healthy, it would increase his value, but it’s not clear when he’ll return — plus, it may be tricky for the Knicks to pull off a sign-and-trade deal in the offseason.

The Celtics, Clippers, Thunder, and Spurs figure to be among the teams with interest in trading for Porzingis, tweets Frank Isola of The Athletic. Wojnarowski names the Clippers and Spurs as well, adding the Nets, Heat, and Raptors to the list of potential suitors (Twitter link). Kevin O’Connor of The Ringer (Twitter link) throws the Mavericks into the mix as well.

As we noted earlier today, Porzingis will have a limited ability to jump ship anytime soon if he’s not traded during the season or in a sign-and-trade. He could accept his qualifying offer this summer and become an unrestricted free agent in 2020, but settling for a one-year, $4.5MM deal would be a big risk for a 7’3″ player coming off an ACL tear.

His other option would be to sign a shorter-term offer sheet with a rival suitor — the Knicks would almost certainly match it, but Porzingis would have the opportunity to get back on the open market sooner than if he signs a four- or five-year contract with New York.

If the Knicks don’t move Porzingis before the deadline, it will be interesting to see if he reconsiders his stance at all in the coming months. New York has a good deal of cap flexibility and is in position to land a top-five draft pick, so it’s not as if the club is poised to stay stuck in lottery territory forever. Some good luck in the draft lottery or on the free agent market could substantially accelerate the Knicks’ rebuilding process.

Photo courtesy of USA Today Sports Images.