- The Hornets will look to reach a buyout with big man Frank Kaminsky after failing to trade him, Sean Deveney of Sports Illustrated tweets. The little-used Kaminsky is making $3.62MM this season.
- Veteran center Marcin Gortat is interested in joining the Warriors but Golden State will take a wait-and-see approach regarding the waiver wire and buyout market, Chris Haynes of Yahoo Sports tweets. Gortat, a starter most of the season, is expected to be waived by the Clippers.
- The Cavaliers have no plans to discuss a buyout with J.R. Smith and failing to find a trade partner for the shooting guard, Chris Fedor of the Cleveland Plain Dealer tweets. Smith is making $14.72MM this season but his $15,68MM salary for next season is not guaranteed unless he remains on the roster through June 30th.
- The Raptors’ flurry of activity, including an agreed-upon trade with the Grizzlies for center Marc Gasol, will make them an active participant in the buyout market, Tim Bontemps of the Washington Post tweets. Toronto will be down to just 10 players on the active roster, plus two two-way players. That means there will be playing time available for free agents that will soon clear waivers.
- The Celtics do not have an immediate target to fill their open roster spot, Mark Murphy of the Boston Herald tweets. Enes Kanter, expected to be bought out by the Knicks as early as today, isn’t believed to be on their radar screen, a source tells Murphy.
Mike Conley is denying a rumor that he and his representatives are trying to quash a trade to Utah, tweets Omari Sankofa II of The Athletic.
“I’ll play anywhere,” the Grizzlies guard said during today’s shootaround. He claims he doesn’t know how speculation started that wants to head East, adding that he doesn’t have a preference for either conference.
Conley has been the subject of intense speculation since Memphis let it be known last month that it was willing to listen to offers for him and Marc Gasol. A report on Wednesday said the Jazz were making progress in a deal for Conley, but he and his representatives were resisting it, hoping to wind up in Indiana, Toronto or Detroit instead.
Memphis is seeking multiple first-round picks in any Conley deal. Utah reportedly offered a first-rounder and second-rounder, along with a pair of expiring contracts (believed to be Ricky Rubio and Derrick Favors), but declined when the Grizzlies asked for Dante Exum.
It has been a busy season on the trade market for the Cavaliers, who entered sell mode early and have moved Kyle Korver, George Hill, and Alec Burks in separate deals over the course of the 2018/19 campaign.
Even after all that action, the Cavaliers may not be done dealing, according to Chris Fedor of Cleveland.com, who reports that Cleveland’s front office is still exploring the market in search of a possible home for J.R. Smith. Although the Cavs plan to continue their efforts to move Smith right up until today’s deadline, making a deal is “easier said than done,” a source tells Fedor.
Despite the fact that Smith is on a pseudo-expiring contract, with only $3.87MM of his $15.68MM salary for 2019/20 guaranteed, his $14.72MM cap hit for this season – and the fact that he hasn’t played in an NBA game since mid-November – will be a tough sell. It wouldn’t be a surprise if Smith ultimately ends up on the buyout market after the deadline.
Here’s more from around the Eastern Conference:
- We’ve heard that the Pacers might be willing to move Cory Joseph and Darren Collison, but it’s their other point guard – rookie Aaron Holiday – who has been a popular target for teams making inquiries, writes J. Michael of The Indianapolis Star. Although Indiana initially took those calls, the club has now pulled Holiday off the table and has no plans to deal him this week, a source tells Michael.
- While the Hornets remain in the mix for Marc Gasol, they’re also still on the lookout for a potential landing spot for Frank Kaminsky, independent of a Gasol deal, tweets Sporting News’ Sean Deveney. Kaminsky, who has played just 41 minutes in Charlotte’s last 23 games, would presumably welcome a change of scenery.
- Despite some rumors this week involving the Raptors, Mike Conley, and Kyle Lowry, there’s currently no traction on a Toronto deal that would include those players, tweets Michael Grange of Sportsnet.ca.
- The Magic and the Bulls are among the clubs that have expressed some level of interest in Clippers point guard Milos Teodosic, according to Orazio Cauchi of Sportando, who hears that a Teodosic trade is still possible. As we heard earlier in the season, the former EuroLeague star also continues to draw plenty of interest from international teams, Cauchi notes.
6:05pm: The Raptors aren’t trying to trade for Conley, while the Pistons are pessimistic that a deal will get done before the deadline, Stein tweets.
5:02pm: The Jazz are closer to working out a trade for Grizzlies guard Mike Conley, but Conley and his representatives prefer to see him sent somewhere else, according to Brian Windhorst of ESPN (Twitter link).
“Utah was making some progress in acquiring him, and I think that would have been a tremendous deal for Utah,” Windhorst said on ESPN’s “The Jump.” (video link via @The_6ix_man) “Mike Conley‘s agent has made it known that Mike Conley does not want to play in Utah. … If he’s going to be traded, he’d prefer to go the the Eastern Conference. Now Memphis is working on deals with Detroit and Toronto.”
A trade with the Raptors would mean Kyle Lowry may wind up with the Jazz, Windhorst adds. Utah has been interested in Lowry for a long time and Lowry has “a ton of respect” for Jazz coach Quin Snyder, according to Tony Jones of The Athletic (Twitter link).
The report on Conley is backed up by Marc Stein of The New York Times, who tweets that he is resisting a trade to the Jazz. Conley has no ability to block a deal — he is under contract for more than $67MM over the next two seasons — but he’s making it clear that Utah isn’t his first choice.
The Pacers continue to talk to the Grizzlies about Conley, according to Sam Amick of USA Today (Twitter link). However, Indiana and Toronto believe Memphis’ asking price is “prohibitively high.” Jones states that he heard the Pacers offered a young player and a veteran and were met with a counteroffer that they didn’t consider realistic.
A source tells Vince Ellis of The Detroit Free Press that the Grizzlies are asking the Pistons to include shooting guard Luke Kennard and a first-round pick in any package. Ellis speculates that Reggie Jackson would also be part of the deal, but notes that picking up Conley would limit Detroit’s financial flexibility going forward.
The Pelicans remain on the lookout for potential trades involving players besides Anthony Davis, but Will Guillory of The Athletic suggests (via Twitter) that Julius Randle seems unlikely to be moved this week. According to Guillory, Randle has developed a strong bond with the coaching staff in New Orleans and the club has interest in keeping him around long-term.
Another frontcourt Pelicans player, Nikola Mirotic, remains a trade candidate, according to Kevin O’Connor of The Ringer, who names the Jazz, Trail Blazers, Nets, and Spurs as clubs that have expressed interest in Mirotic. League sources tell O’Connor that New Orleans is seeking a first-round pick in exchange for Mirotic, with one source calling the club’s asking price “excessive.”
Of course, the Pelicans gave up a first-rounder for Mirotic a year ago, but at that time they got a year and a half of team control rather than just a a half-season, and also shed Omer Asik‘s unwanted contract in the deal.
Here are more trade rumors from around the NBA:
- Although the Raptors have been linked to big names like Marc Gasol and Mike Conley, sources tell Michael Grange of Sportsnet.ca that a move around the periphery of the roster is far more likely than a major deal. Josh Lewenberg of TSN.ca confirms that a move involving Kyle Lowry is “highly unlikely,” but says the Raptors have been aggressive on the trade market and would move anyone on their roster if they feel like it makes them a better team. On the other hand, Toronto has no intention of moving Pascal Siakam unless the club gets a superstar-level return, Lewenberg notes.
- Before Thursday’s trade deadline, the Celtics may try to attach cash to Jabari Bird in a trade to lower their projected tax bill, tweets Adam Himmelsbach of The Boston Globe. However, Bird’s legal issues complicate matters. Keith Smith of Yahoo Sports (Twitter link) has heard that Boston wants the NBA to expedite a decision on Bird, but the league is in no rush to set a precedent under the CBA’s domestic violence policy.
- While Nuggets guard Gary Harris has been cited as a potential trade candidate, Matt Moore of ActionNetwork.com hears from a source that Denver hasn’t engaged in any “substantive” trade talks involving Harris and doesn’t currently plan to (Twitter link). While it’s possible that stance could change, Moore thinks the Nuggets would only consider moving Harris in a deal that lands the club a clear upgrade.
2:03pm: The trade is official, the Sixers and Raptors have confirmed in press releases.
1:43pm: A pair of Atlantic Division rivals have agreed to a trade one day after playing each other, reports Keith Pompey of The Philadelphia Inquirer (Twitter link). According to Pompey, the Sixers are acquiring shooting guard Malachi Richardson from the Raptors, along with a 2022 second-round pick and the draft rights to Emir Preldzic. Toronto will receive cash considerations in return.
Richardson, 23, was acquired by the Raptors at last season’s trade deadline in exchange for Bruno Caboclo in a cost-cutting move, and this deal appears financially motivated as well. Toronto is over the luxury tax threshold for 2018/19, and will reduce its projected end-of-season tax bill by moving off Richardson’s $1,569,360 salary.
In parts of two seasons with the Raptors, Richardson appeared in just 23 games (4.7 MPG), averaging 1.4 PPG and 0.6 RPG in his very limited role. After trading him away, Toronto will have just 13 players on its 15-man roster and will have two weeks to get back up to the league-mandated minimum of 14 players.
The Raptors could make another trade before Monday’s deadline to add a 14th player, or could explore the buyout market later in the month for a veteran. Signing a player to a 10-day contract would also be an option, albeit just a temporary one — the club would have to get back up to 14 players again at some point once a 10-day deal expires.
As for the Sixers, they still have an open roster spot after letting Corey Brewer‘s second 10-day contract expire this week, so they won’t have to make a corresponding move to make room for Richardson. It’s not clear if the club envisions the former Syracuse standout filling that 15th roster spot for the rest of the season or if he’ll be waived at some point.
Preldzic, the 57th overall pick in the 2009 draft, appears unlikely to ever make the leap to the NBA at this point, so if the 76ers don’t have plans for Richardson, it looks like the 2022 draft pick will be the “prize” of this minor deal for Philadelphia.
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.
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.
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.
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.