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Cavaliers Trade Kyle Korver To Jazz

NOVEMBER 29: The Cavaliers and Jazz have officially issued press releases confirming the trade.

NOVEMBER 28: The Jazz have agreed to trade Alec Burks and two future second-round picks to the Cavaliers in exchange for sharpshooting veteran Kyle Korver, according to Adrian Wojnarowski of ESPN (Twitter links). Wojnarowski adds that the picks being sent to Cleveland are Utah’s 2020 second-round pick and a 2021 second-round pick via the Wizards.

Korver, 37, is averaging 6.8 points on 46.1% shooting from the field and 46.3% from beyond the arc in 15.7 minutes per game so far this season. The 15-year veteran previously played three seasons in Utah, from 2007-10, before signing with the Bulls in the summer of 2010.

Burks, meanwhile, is averaging 8.4 points on 41.2% shooting from the field and 37.2% from beyond the arc in an almost identical 15.8 minutes per game. The 27-year-old guard has spent his entire seven-year career in Utah after being drafted 12th overall in 2011.

The Jazz, who have stumbled out of the gate to a disappointing record of 9-12 and currently sit as the 14-seed in the Western Conference, rank 29th in 3-point shooting. The trade for Korver will likely improve upon that figure and open things up for Donovan Mitchell, who has yet to show much improvement upon his scintillating rookie campaign.

As Bobby Marks of ESPN notes, Korver has a $7.56MM cap hit this season and will earn $7.5MM in 2019-20. But, his salary for next season is only guaranteed for $3.44MM before July 7, 2019. Burks is in the final year of his contract with a cap hit of $11.54MM.

Under NBA trade rules, the Cavaliers are able to absorb a player whose salary is up to $5MM more than Korver’s salary (i.e. $12.56MM), meaning Burks’ salary of $11.54MM will fit nicely and still keep the Cavs over $4MM under the luxury-tax level. Moreover, the Cavs create an additional $3.44MM in cap space for next season, the amount of Korver’s 2019/20 guarantee, thanks to Burks being on an expiring contract.

The Jazz, meanwhile, will create a $3.98MM trade exception, that figure representing the difference between the two players’ salaries. They’ll have one year from the date of the trade to use that exception to acquire another player, if they so wish.

Earlier today, we relayed how the Cavs were willing to take on long-term salary in exchange for other assets, so being able to get two draft picks and an expiring contract for Korver must feel like a real win for Cleveland’s front office.

Suns Waive Isaiah Canaan

4:23pm: The Suns have officially waived Canaan, per a release from the team.

2:40pm: The Suns will waive point guard Isaiah Canaan, according to Shams Charania of The Athletic (Twitter link).

Canaan, 27, started 15 games for Phoenix this season, though as Charania notes, Devin Booker has been getting more run at the point guard spot lately. Canaan is averaging 7.5 points and 3.3 assists per game this season.

The Suns’ G League affiliate, the Northern Arizona Suns, owns Canaan’s rights should he choose to join go that route, Adam Johnson of 2 Ways & 10 Days tweets. Canaan has played in 23 G League games to date.

Because Canaan was on a non-guaranteed contract, the Suns won’t be on the hook for his entire salary. Assuming he goes unclaimed on waivers, his cap charge would be about $407K.

Rockets Sign Danuel House

3:44pm: The Rockets have officially signed House, the team announced today in a press release. Houston now has a full 15-man roster, with Anthony still technically under contract.

12:02pm: The Rockets plan to sign Danuel House to a contract, according to Shams Charania of The Athletic, who reports (via Twitter) that the veteran swingman traveled to meet the team in Washington, where the Rockets are set to play the Wizards on Monday night.

House, 25, has appeared in a total of 24 regular season games for the Suns and Wizards since going undrafted out of Texas A&M in 2016. He has spent most of his professional career in the G League, playing for Delaware, Northern Arizona, and Rio Grande Valley.

This fall, House spent time in training camp with the Warriors, but was cut by Golden State before the regular season began and returned to the Rio Grande Valley Vipers, Houston’s G League affiliate. He has averaged a team-high 20.4 PPG in seven games for the Vipers.

It’s not clear if the Rockets intend to officially make a move with Carmelo Anthony at the same time they formalize their deal with House. Even with Anthony still under contract, Houston has room on its roster for House, so Carmelo may remain in limbo even after the club fills its 15th and final roster slot.

If he were to sign a minimum salary contract today, House would have a cap hit of approximately $1.2MM, increasing Houston’s projected tax bill by another $2MM+. However, he’ll likely get a non-guaranteed contract, which would give the Rockets the flexibility to avoid his full cap charge if they cut him by January 7.

Bucks Waive Jodie Meeks

NOVEMBER 25, 10:26am: The move is official, according to a tweet from the team.

NOVEMBER 24, 12:41pm: The Bucks are waiving guard Jodie Meeks in order to maintain their roster at 15 players, reports Adrian Wojnarowski of ESPN. Meeks’ NBA-mandated suspension, which kept him off the team’s roster count while suspended, ends tonight.

As Matt Velazquez of the Milwaukee Journal Sentinel notes, this move has been expected since the Bucks traded for Meeks in October. Yet, as we detailed earlier this week, the Bucks always had the option to trade or release another player on their roster and keep Meeks in the fold.

Ultimately, however, it appears as though the second-round pick and cash that the Bucks received from the Wizards in the Meeks’ deal was enough incentive for Milwaukee to absorb his salary, and the Bucks didn’t need any contribution from the 31-year-old guard to make the trade for him worth their trouble.

Meeks, a nine-year veteran who has averaged 9.3 points per contest in 531 career games, will now be on the lookout for a new team.

Wizards Sign Okaro White

NOVEMBER 23: The Wizards have officially signed White, the team announced today in a press release.

NOVEMBER 21: The Wizards intend to sign free agent forward Okaro White to fill one of the open spots on their roster, reports Shams Charania of The Athletic (Twitter link). Details of the agreement aren’t yet known, but I’d expect a one-year, non-guaranteed contract.

A report earlier this week suggested that White was close to signing with Israeli team Maccabi Tel Aviv, but that deal wasn’t yet official, and the Wizards have apparently agreed to terms on their own deal with the 26-year-old before he headed overseas. White is traveling to Washington today to join his new team, according to Charania.

A former undrafted free agent out of Florida State, White appeared in 41 games for the Heat over two seasons after making his NBA debut in January of 2017. He played just 13.4 minutes per contest for Miami, averaging 2.9 PPG and 2.3 RPG. White also finished the 2017/18 season with the Cavaliers and spent training camp with the Spurs this fall, but was waived by both teams.

The Wizards had to add a player to their roster within the next few days after having waived Chasson Randle earlier in November. NBA rules require teams to carry at least 14 players on standard contracts, but clubs can dip below that figure for up to two weeks at a time. Washington had been carrying 13 players since releasing Randle on November 12.

Spurs Sign Ben Moore To Two-Way Contract

NOVEMBER 20: The Spurs have officially signed Moore to a two-way deal, the team announced today in a press release.

NOVEMBER 17: The Spurs will sign former Pacers power forward Ben Moore to a two-way contract, tweets Shams Charania of The Athletic.

Indiana waived Moore two weeks ago to free up a roster spot. He re-signed with the team over the summer, agreeing to a partially guaranteed deal, but hadn’t appeared in any games this year. He got into two games last season as a two-way player. After going unclaimed on waivers, Moore returned to the Pacers’ organization with its G League affiliate in Fort Wayne.

The signing will fill the second two-way slot for San Antonio, which had been among a handful of NBA teams with an opening. Center/forward Drew Eubanks is the Spurs’ other two-way player.

Rockets To Part Ways With Carmelo Anthony

The Rockets are officially moving on from veteran forward Carmelo Anthony, the team announced in a press release on Thursday.

Despite parting ways with Anthony, there are no immediate plans for him to be placed on waivers, ESPN’s Adrian Wojnarowski reports. Houston will allow him to remain on the roster, giving his reps the chance to explore possible teams for the 12-time NBA All-Star to join.

“After much internal discussion, the Rockets will be parting ways with Carmelo Anthony and we are working toward a resolution,” general manager Daryl Morey said. “Carmelo had a tremendous approach during his time with the Rockets and accepted every role head coach Mike D’Antoni gave him. The fit we envisioned when Carmelo chose to sign with the Rockets has not materialized, therefore we thought it was best to move on as any other outcome would have been unfair to him.”

Anthony joined the Rockets with hopes of providing frontcourt depth on a contending roster, but his role gradually changed after the first two weeks of the season. That proposed role didn’t fit in the eyes of Anthony, who would’ve surrendered significant minutes on the team.

“It wasn’t fair for him as a Hall of Fame player to play in a role that wasn’t good for him,” head coach Mike D’Antoni said, according to Tim MacMahon of ESPN (Twitter link). “It wasn’t a fit.”

Teams like the Lakers, Pelicans and Trail Blazers could be interested in Carmelo, according to The Ringer’s Kevin O’Connor. A separate report from Marc Spears of The Undefeated suggests the 76ers and Heat may also have interest, but that the Lakers are done making signings in the short term.

Anthony, 34, is in his 16th NBA season. He appeared in just 10 games with the Rockets after signing a free-agent deal to join the team in the summer, averaging 13.4 points, 5.4 rebounds and a career-low 29.4 minutes per contest.

Wizards Waive Chasson Randle

The Wizards have waived point guard Chasson Randle, tweets Shams Charania of The Athletic.

Randle was in camp with Washington but was waived shortly before the start of the regular season. The 25-year-old did not appear in any games with the Wizards after the team re-signed him to a standard NBA contract in late October to meet roster requirements.

The Stanford University product appeared in 26 games last season with the Sixers and Knicks. He averaged 5.3 PPG and 1.3 APG in 11.5 minutes per game during his brief NBA stint.

With Randle waived, that could pave the way to the Wizards calling up Jordan McRae, tweets Candace Buckner of The Washington Post. The Wizards signed McRae, 27, to a two-way deal in September. He has appeared in 63 career NBA games, including four with Washington this season.

Whether it’s McRae or someone else, the Wizards will need to sign a 14th player to its roster within two weeks as the CBA stipulates teams cannot carry just 13 on standard deals beyond that time period.

Timberwolves Trade Jimmy Butler To Sixers

NOVEMBER 12: The Sixers and Timberwolves have issued press releases announcing that the deal is now official.

NOVEMBER 10: The Sixers have agreed to acquire Timberwolves star Jimmy Butler and Justin Patton for Robert Covington, Dario SaricJerryd Bayless and a 2022 second-round pick, according to Shams Charania and Jon Krawczynski of The Athletic (Twitter links). A trade call with the league to finalize the deal has been scheduled for Monday, Charania adds (via Twitter).

Elton Brand‘s first major move as the Sixers’ general manager will allow the team to acquire a third star alongside Simmons and Embiid without having to take their chances trying to lure that sort of impact player to Philadelphia during 2019’s free agent period. It should also reduce the pressure on 2017’s first overall pick Markelle Fultz to develop into that third star.

Butler and the Sixers fully expect to reach an agreement on a long-term deal for the All-NBA swingman once he’s eligible for free agency in 2019, per ESPN’s Adrian Wojnarowski (Twitter link). Philadelphia’s plan is to have a long-term big three of Butler, Ben Simmons and Joel Embiid, according to Wojnarowski, who suggests (via Twitter) that only a major injury or a poor fit alongside Simmons and Embiid could diminish the Sixers’ optimism on a long-term future with Butler.

It remains to be seen how Butler will fit on and off the court in Philadelphia with the team’s two young stars after failing to make things work with Karl-Anthony Towns and Andrew Wiggins in Minnesota, but the four-time All-Star should significantly increase the 76ers’ ceiling. Butler will provide play-making and shooting (.361 3PT% since 2016/17) on offense, and figures to replace Covington as the team’s primary perimeter stopper on defense. As for Patton, his NBA career has been derailed by foot injuries, and he’s unlikely to be a Sixer beyond this season.

Even if they re-sign Butler in 2019, the Sixers won’t necessarily be capped out quite yet, with Simmons still on his rookie deal. As ESPN’s Bobby Marks details, with cap holds for Butler and fellow free agent T.J. McConnell to consider, the team would have about $21MM in cap room next summer. If the 76ers want to clear enough room for another max player, trading Fultz would just about get them there, though Philadelphia’s cap sheet could get messy in that scenario, with an eventual max deal for Simmons also on the horizon.

For Minnesota, this trade will end a near two-month saga after Butler’s trade request went public. The week before training camps got underway, word broke that Butler had asked to be traded during a meeting with Timberwolves coach and president of basketball operations Tom Thibodeau and didn’t intend to report to camp.

When the Wolves didn’t find a trade for Butler right away, he rejoined the team, but the last five or six weeks have been rife with drama. The 29-year-old’s return to Minnesota was highlighted by a now-infamous expletive-filled rant in a preseason practice, and things hadn’t quieted down much since then. Now that the Wolves have finally resolved the situation, the team will have an opportunity to focus on a future centered around former No. 1 overall picks Towns and Wiggins.

The Timberwolves will now add Covington and Saric to that long-term core — Saric won’t be up for restricted free agency until 2020, while Covington is locked up through 2022. Both players make sense for Thibodeau, GM Scott Layden, and the Wolves, who didn’t want to take a significant step back in their roster-building process after snapping a lengthy postseason-less streak this past spring. Covington and Saric will be able to jump into the rotation immediately and should also be part of the team for years to come.

Bayless is on an expiring contract and almost certainly won’t be part of Minnesota’s future plans, as he was just included in the swap for salary-matching purposes. If the Wolves don’t plan for Bayless to have a role this season, he’ll become a buyout candidate.

Thibodeau, Layden, owner Glen Taylor, and the Timberwolves also reportedly discussed potential Butler trades with several other teams before agreeing to terms with the Sixers. The Rockets and Heat were said to be the most aggressive suitors, as Minnesota allegedly passed on a Miami offer that included Josh Richardson and a first-round pick, and also balked at a Houston offer featuring four first-round picks.

We don’t know what the protections on those Rockets’ first-rounders or the Heat first-rounder would have looked like, and the Wolves likely would have had to take on an unwanted multiyear contract in each of those proposals. Still, it will still be fascinating to see how Covington and Saric pan out in Minnesota, since we have a sense of what sort of other packages were available to the Wolves.

While Thibodeau exercised plenty of patience through the Butler saga, that patience ran out after the Timberwolves concluded their 0-5 road trip on Friday, according to Wojnarowski (Twitter link). League sources told Wojnarowski that Thibodeau came to the realization Minnesota couldn’t win with Butler in such a dysfunctional environment, and told associates that the team wouldn’t play another game with Butler.

Wojnarowski and ESPN’s Brian Windhorst also report (via Twitter) that team ownership was “heavily involved” on both sides of the negotiations, with Taylor and Josh Harris of the Sixers working closely with management to finalize a deal.

Photo courtesy of USA Today Sports Images. Luke Adams contributed to this post.

Cavs Sign Harrison To Two-Way Deal, Waive Holland

NOVEMBER 9: The Cavaliers have made it official, announcing a press release that they’ve signed Harrison to a two-way contract and waived Holland.

NOVEMBER 8: The Cavaliers plan to sign free agent Andrew Harrison on a two-way contract, tweets Adrian Wojnarowski of ESPN. Harrison was waived by the Grizzlies last week after spending two full seasons with the team.

Wojnarowski also reports the Cavs will waive 30-year-old John Holland, who appeared in just one game with the club. Holland has spent much of his professional career playing overseas and in the NBA G League, and was on a two-way contract.

Cleveland has started the 2018/19 season with a 1-10 record, firing head coach Tyronn Lue and coping with a toe injury to All-Star Kevin Love. The team is beginning to shift its focus from contending to rebuilding, with trades for Kyle Korver and J.R. Smith becoming increasingly likely before the NBA’s trade deadline in February.

In 56 games with the Grizzlies last season, Harrison averaged 9.5 points, 3.2 assists and 23.7 minutes. He shot 42% from the floor and 33% from 3-point range.

After waiving Harrison, Memphis has prioritized signing a free agent center, a league source said. The team has conducted free-agent workouts this week and hopes to sign a player in the near future.