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If you want to keep tabs on all of Hoops Rumors' stories and updates, you can follow us on Twitter, like us on Facebook, or subscribe to our feed through your RSS reader of choice. However, if you prefer to only receive news about your favorite NBA team, we have you covered. Below are links to our Facebook, Twitter, and RSS pages and feeds for all 30 teams.

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Trade Rules In The New CBA

The NBA's new Collective Bargaining Agreement carried many rules over from the 2005 agreement between the owners and players, but a number of key changes have been implemented. As this year's trade deadline nears, here's a rundown of a few trade rules, old and new, that may be helpful as you follow the latest rumors:

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Seattle Officially Announces Proposal For Arena

According to an Associated Press report, Seattle native Christopher Hansen is making a $290MM proposal for a new sports arena in an effort to lure an NBA (and NHL) team to Seattle.  As we outlined earlier, Hansen's announcement was expected, but it became official on Thursday evening. 

The pitch apparently includes $290MM in private investment in addition to the cost to acquire an NBA franchise — both of which would combine to construct the new arena estimated at $450MM to $500MM in cost. 

The deal hinges on Hansen's group finding an NBA franchise willing to move to Seattle and sign a 30-year no-relocation clause.  The inability to build a new arena was the root cause for the SuperSonic franchise relocating to Oklahoma City in 2008.  The proposal will now go to a review board with a ruling expected within a month.

Trail Blazers' owner Paul Allen, who voted against letting the Sonics leave town, released a statement in support of the progression of Hansen's proposal to bring a team back to Seattle.  Allen lives in Seattle and also owns the Seahawks of the NFL. 

Hoops Rumors On Facebook/Twitter

There are a number of different ways you can follow Hoops Rumors to keep tabs on the latest NBA headlines 365 days a year.

You can Like us on Facebook, and receive headlines and links for all our posts via your Facebook account. You can also follow us on Twitter to have all our posts and updates sent directly to your Twitter feed.

Our RSS feed is located here, if you'd like to follow us using your RSS reader of choice.

If you prefer to receive updates only on roster moves such as signings, cuts, and trades, you can follow our transactions-only feeds via RSS and Twitter.

Veteran Contract Extensions Under The New CBA

Addressing Dwight Howard's upcoming contract options, Steve Kyler and Larry Coon of HoopsWorld did a good job breaking down the reasons why we won't see many big in-season contract extensions for veterans under the new Collective Bargaining Agreement.

Fourth-year players like Russell Westbrook and Kevin Love still have incentive to sign long-term deals, since they'd only be eligible for restricted free agency if they played out the season. While those two players agreed to sign for less money than they may have qualified for, signing in-season extensions didn't restrict the years or raises they could receive.

However, for players no longer on their rookie contracts, signing an extension before the season ends will limit their earning potential. Under the new CBA, a player can extend for only four total years (with 7.5% annual raises), which includes the years remaining on his current deal. So a player in the last year of his contract could extend his deal by three additional seasons.

By comparison, veterans with Bird rights are eligible to sign free agent contracts for up to five years. As such, players like Howard and Deron Williams, who expect to sign max deals, have no reason to sign before they hit free agency, even if they intend to stay with their current teams.

Further restrictions are placed on recently-traded players, which could come into effect for Howard in the coming weeks. During the six-month period after being traded (or until June 30th, whichever comes first), a player can sign an extension for three total years, with 4.5% raises — the same restrictions that apply to extend-and-trade transactions.

For a practical example of the CBA's rules, let's examine the case of Chris Paul, who is under contract through next season after committing to his 2012/13 player option. While we don't know whether Paul will want to remain in Los Angeles long-term, let's assume he wants to be a Clipper for the rest of his career. Here are his options for a max contract extension:

  • He could sign an extension before June 15th (six months after his trade) for three total years and 4.5% annual raises, which would add only a single year to his current contract.
  • He could sign an extension after June 15th for four total years and 7.5% annual raises. Assuming he waited until the new season begins on July 1st, he could add as many as three extra years to his current deal.
  • He could wait until his contract expires at the end of the 2012/13 season, then sign for five new years with 7.5% annual raises.

The limits placed on extensions mean superstars expecting max contracts have little reason not to play out their deals and hit free agency. So don't expect to see Paul, Howard, or Williams signing an extension anytime soon.

Welcome To Hoops Rumors

Welcome to Hoops Rumors! Created by Tim Dierkes and following the model of MLB Trade Rumors, Hoops Rumors will track the latest updates on all 30 NBA teams, focusing on trades and free agent signings.

I'll be the full-time writer for the site, and will be joined by a hoops-savvy writing team that includes MLBTR's Zach Links. We'll be providing new content and analysis 365 days a year, sharing basketball rumors from legitimate and established journalists.

From the 161-day lockout to the Chris Paul saga to Dwight Howard's wishlist, the NBA rumor mill has been exceptionally busy over the last few months. We're expecting more of the same as we head toward the March 15th trade deadline and beyond, and we hope you'll check in often for the same caliber of coverage that earned MLBTR readership from MLB players and general managers.

You can follow our content in a number of ways. All of our posts will be linked at our Twitter, Facebook, and RSS feeds. If you'd prefer to only receive updates on your favorite team, you can also find individual team feeds via Twitter, Facebook, and RSS.

Team Facebook/Twitter/RSS

If you prefer to only receive news about your favorite NBA team, Hoops Rumors has you covered. Below are links to our Facebook, Twitter, and RSS pages and feeds for all 30 teams.

Atlantic

Central

Southeast

Southwest

Northwest

Pacific

Transactions only: Twitter / RSS

About Chuck Myron

Chuck Myron is the full-time writer and editor for Hoops Rumors, an NBA rumors website created by Tim Dierkes following the model of MLB Trade Rumors. Read more about the site at About Hoops Rumors.

Chuck began his journalism career in 1999 while studying at East Tennessee State University. In 2001, he earned a B.A. in Mass Communications with a concentration in Print Journalism. Chuck has written for several daily newspapers, including The News-Press in Fort Myers, Fla., where he gained notoriety for his work as a mobile journalist. He’s since moved to online journalism and books. His book on the baseball draft with co-author Alan Maimon, titled “Hits and Misses in the Baseball Draft: What the Top Picks Teach Us About Selecting Tomorrow’s Major League Stars,” is available wherever books are sold. Chuck has written for Hoops Rumors since its inception in 2012, assuming the role of lead writer in January 2014.

Chuck grew up watching the NBA’s renaissance in the 1980s, and the game has captivated him ever since. Chuck brings a passion for journalism and NBA basketball to Hoops Rumors, along with expansive knowledge of the league’s history and its collective bargaining agreement. You can contact him here.