Amar'e Stoudemire will only kind of leave the Suns empty-handed

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UPDATE 11:38 AM: Although the plan described below is currently in place, LeBron James could make things a bit more interesting if he were to sign with the Knicks. From Paul Coro:

However, if LeBron James picks New York today, the Suns could still have a chance at Lee. The Suns would have to do a sign-and-trade with New York before the Knicks signed James. Even then, they would have to outdo other suitors, who might be offering Lee more money or be offering New York a better package. Golden State was close to an agreement that would send Anthony Randolph, Ronny Turiaf and Kelenna Azubuike to New York but Lee would have to agree to going to the Warriors. Also, Phoenix is debating whether it would give Lee a contract averaging about $13 million annually like he wants. By comparison, Steve Nash will make $10.3 million this season.

11:00 AM: Amar’e Stoudemire has had one foot in the Phoenix Suns’ door, even as he wined and dined in NYC. It didn’t mean much at all, but with free agents unable to officially sign contracts until today, Phoenix was reportedly interested in pursuing a sign-and-trade for the Knicks’ David Lee to hedge their losses. It would have been a fine move for a Suns team locked out of of big-game free agency due to their other salary commitments, but apparently it wasn’t meant to be.

However, the Suns and Knicks will still do a sign-and-trade, according to Paul Coro of the Arizona Republic, and the Suns and Bulls will also complete a smaller trade on the side. In exchange for Stoudemire, the Suns will receive a $16.5 million trade exception, which could be awfully valuable as teams look to ditch long-term deals on the eve of a new CBA. The Bulls will sign-and-trade Hakim Warrick (who has already agreed to a deal with Phoenix) to the Suns by way of that trade exception, which should cut it to $13.5 million.

This could be pretty awesome for the Suns, supposing they plan their moves carefully. Once Stoudemire’s is re-signed, his cap hold is removed, which should actually clear some space for the Suns to sign another free agent. Phoenix can then officially acquire Warrick at a later date, preserving their cap space and using the trade exception to instead absorb his new contract.

The Knicks also gain about $800k in cap space. Cue the ticker tape parade.

This is a great setup for Phoenix. Stoudemire may not have landed Lee in return, but the Suns are set to make another off-season acquisition to bolster their roster (supposing they renounce the rights to Louis Amundson and Jarron Collins) while also putting them in position to make another pick-up down the road. The Suns could really get some value here, even if Amar’e wasn’t sent out in a more traditional sign-and-trade.

Pelicans signing center Jerome Jordan

Marc Gasol, Jerome Jordan
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Through the first two weeks of training camp, the Pelicans have seen their frontcourt depth decimated by injuries to Alexis Ajinca and Omer Asik, both of whom are out for a few weeks. A deal with Greg Smith fell through after he failed a physical. Now, Yahoo’s Marc Spears reports that they’re signing former Knicks and Nets center Jerome Jordan as a short-term solution:

Jordan has only played 65 games in his career and hasn’t been spectacular, but the Pelicans need a body while their two centers are out. Anthony Davis will spend some time at center, but considering the contracts Asik and Ajinca got this summer, Alvin Gentry clearly plans on playing him at power forward as well, and they need a center to at least fill time before Asik and Ajinca get back.

Kevin Love unsure about opening-night return

Kevin Love
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He’s back in practice with the Cavaliers, but there’s still no clarity on whether Kevin Love will be available for the season opener. Love had shoulder surgery in April after suffering a torn labrum in Game 4 of the Cavs’ first-round series against the Celtics, and doctors initially gave him a timetable of four to six months for a return. The six-month end of that is right around opening night (October 27), but Love still doesn’t know whether he’ll be able to play against the Bulls—although he is hopeful.

Via the Sporting News‘ Sean Deveney:

“I feel pretty good,” Love told Sporting News. “As far as the opener goes, I am not completely sure. I’ll probably get with the doctors and see what they have to say. I know that my six-month post-op is coming up here pretty fast. As far as getting the strength back, getting the range of motion, I feel pretty good, so I am looking forward to getting into some more contact, getting into a rhythm and getting out there as quickly as I can.”

Love has been cleared for 3-on-3 practices, but not yet for 5-on-5. If it were up to him, he’d be back on the court, but he understands he needs to follow the rehab protocol for his injury.

“(Six months is) just a ballpark figure that has generally been thrown out there by anybody who has talked about the rehab process for this kind of an injury,” Love said. “I like to think that I am ahead of the game, but there’s different tests and the due diligence that the doctor will go through and the training staff will go through. So all I can do is go out there every day and attack my rehab and hopefully I will be able to go out there and help these guys as soon as possible.”

At the very least, the Cavs will be without Kyrie Irving (still recovering from knee surgery) and Iman Shumpert (out up to three months with a wrist injury), and probably Tristan Thompson too, unless his contract situation changes unexpectedly. So having Love available would be some much-needed good news. But it’s more important that Love (and everyone else) is healthy for the playoffs. If he’s not ready to play, there’s no need to rush back for an October game.