Four-team trade between Hornets, Rockets, Pacers, Nets

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NBA_collison.jpgUPDATE: 1:54 p.m.: Multiple reports now have this as a deal all four teams have signed off on, and it has gotten league approval.

This trade happened.

1:33 p.m.: In the early morning hours in Hawaii — while the rest of the state was sleeping or surfing — ESPN’s Chad Ford got up and dropped a bombshell:

Breaking: Hornets, Rockets, Pacers & Nets working on 4 team deal. Ariza to NO. C. Lee to HOU. Collison & Posey to IND. Murphy to NJ.

Four team deals almost never happen. Fun to talk about, fun to think about, but way too many moving parts to make a reality. Except in this case, because every team can claim a win. Let’s break it down.

New Orleans would give up the promising Darren Collison at point guard to get Trevor Ariza — who would be a good running mate for Chris Paul — plus they get to shed the contract of James Posey. Ariza is an upgrade for Posey, but was it worth giving up Collison just for that? Could they have gotten more?

Houston saves a lot of money — they give up Ariza, owed $20 million over the next three years, for Courtney Lee, who has one year left on his rookie deal at $1.35 million, plus a team option for the year after that. Plus Lee has a lot of promise. You can shelve your Shane Battier trade talk now.

Indiana would LOVE this deal — they get the point guard they desperately need to run their up-tempo offense in Collison. The price is they have to take on James Posey’s two years, $13.3 million, plus they give up Troy Murphy.

New Jersey gives up Courtney Lee and gets Troy Murphy back. They would make that trade any day. Murphy starting at the four for a year allows them to bring rookie Derrick Favors in off the bench and not just be thrown to the wolves. Plus, as Murphy is in the last year of his deal, the Nets save $2.2 million to use next summer on free agents. Or after the lockout, more accurately.

This deal actually is as good a four team deal as you will see, because every team can claim a win. Still shocked it went down.

PBT Extra: Rockets, with Chris Paul trade, show fearlessness in face of Warriors’ dominance

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The Rockets and Clippers both turned aggressive with today’s Chris Paul trade.

Houston is making a bold attempt to overtake the Warriors (a plan that could include other big moves). The Clippers are launching into rebuilding.

Kurt Helin breaks down what it means for both teams.

PBT Extra: With Phil Jackson discarded, Knicks face next challenge

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The Knicks did well to part ways with Phil Jackson, but where does New York go from here?

Masai Ujiri? David Griffin? Someone else?

Kurt Helin breaks down Jim Dolan’s options – and the approach the Knicks owner should take.

Report: Kings to sign Bogdan Bogdanovic to three-year, $36 million contract

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The Kings have a decent crop of low-paid young players: Buddy Hield, Willie Cauley-Stein, Skal Labissiere, Georgios Papagiannis and Malachi Richardson.

Soon, Sacramento will add a highly paid young player to the group: Bogdan Bogdanovic, whose rights the Kings acquired when trading down from No. 8 with the Suns in last year’s draft.

Ailene Voisin of The Sacramento Bee:

Because Bogdanovic was drafted three years ago (No. 27 by Phoenix in 2014), the Kings can exceed the rookie scale to sign him.

Bogdanovic is a talented 24-year-old, but this deal removes much of the value usually tied to rookies on cost-controlled scale contracts. It’s hard to see Bogdanovic’s production exceeding his salary over the next four years.

Still, what else was Sacramento supposed to do with its cap space? Just getting Bogdanovic to jump from Europe might be worth it. The Kings already have more cap flexibility than they know what to do with – especially after letting Ben McLemore become an unrestricted free agent.

Chris Haynes of ESPN:

Sacramento took McLemore No. 7 in the 2013 draft then spent the next four years watching his value depreciate.

Teams will line up to take a flier on him. Will someone pay him as if he’ll pan out even a little? That question will drive his unrestricted free agency.

Report: In wake of Chris Paul trade, Clippers focus on re-signing Blake Griffin

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Chris Paul is on his way to Houston in an attempt to form a superteam to challenge Golden State.

Now what for the Clippers?

They have two options: One, tear it all the way down and rebuild.

The other: Re-sign Blake Griffin, run the offense through him and put his underrated passing skills to the test while surrounded by shooters.

The Clippers are opting for door No. 2, at least for now, according to Ramona Shelburne of ESPN.

The fundamental question is: Does Griffin want to stay? The Clippers can offer more money and a larger contract, five -years starting just shy of $30 million a year. However, he will have good teams from the East calling. Miami is interested, and they have a strong point guard in Goran Dragic, a good wing defender in Justise Winslow, and a guy inside who can defend, rebound, and finish dunks in Hassan Whiteside. Plus, no state taxes on all that new money. Also, Boston (if they strike out with Gordon Hayward) and other teams will come calling. Griffin will have options.

If Griffin does stay, this could be interesting if the team is built right. Griffin is an underrated passer and playmaker — he averaged more than five assists per game last season, and that was with Chris Paul on the team. The Clippers would need to use him sort of like Denver uses Nikola Jokic, running the offense through him out high where he is a threat to score from with a midrange jumper, put the ball on the floor, or make a pass. Griffin would need to be surrounded by shooters and guys willing to work off the ball, such as J.J. Redick. Who is almost certainly gone.

If Griffin leaves, the Clippers don’t have much a choice and will have to start shopping DeAndre Jordan around and rebuilding the team (they got a fairly good haul for CP3 for that, considering the situation, Sam Decker and Montrezl Harrell are good young players who can be part of a rotation). Then Los Angeles will have two rebuilding teams, and that always makes for a great rivalry.