Chris Paul

Chris Paul could get his max deal in New York… just don’t bet on it


Chris Paul wants to go to the Knicks. Chris Paul also would like a massive payday of a bird-rights extension — five years and $100 million.

But he can’t get those two things the way Carmelo Anthony did, the new collective bargaining agreement takes that away. The Hornets could (in theory) do a sign-and-trade with the Knicks, but then the max-deal CP3 could receive would be the same as if the Knicks signed him as a free agent (four years, $74 million).

But there is a path to Paul being on the Knicks with a $100 million max deal.

Just don’t bet on it happening.

It’s three steps laid out by Zach Lowe at Sports Illustrated. The first step is where this process dies in the real world:

Force the Hornets to trade him to the Knicks without signing a contract extension in the process. This is the tricky part. The Hornets don’t have to trade Paul, and if they decide to, they don’t have to trade him to New York. Other teams have better assets, and Paul will be counting on those teams to bow out of the bidding if they think he will not re-sign there. Does this sound familiar?

The Hornets are not going to trade Chris Paul to the Knicks. First because the Knicks do not have the assets (picks and young players) needed as they sent them all to Denver to get Carmelo Anthony. (New York could, in theory, bring in a third and maybe fourth team to get the assets needed, but those are complex deals to pull off.)

The other thing is that the league owns the Hornets right now — after an entire lockout where David Stern preached “competitive balance” there is no way the league is going to sign off on trading a superstar to complete a trio in New York. The other owners would not tolerate it.

If Paul were somehow able to get traded to the Knicks the path to the max deal is really pretty simple, if a bit risky for the team.

If the Hornets eventually surrender and deal him to New York, Paul’s Bird Rights go with him. He must then become a free agent, either by declining his player option for 2012-13, or accepting that option, playing that season and becoming a free agent in the summer of 2013. By entering free agency as a Knick, Paul would escape the limitations in years and money that would come with engaging in a Carmelo-type extend-and-trade deal under this new collective bargaining agreement.

The last step is easy: Sign a five-year, $100 million extension with New York. The Knicks would have his Bird Rights, so they could exceed the cap as much as they wish to retain Paul.

Some player down the line is going to follow this pattern to get his max deal. Teams prefer the certainty of a sign-and-trade but if you trust the player doesn’t walk when he becomes a free agent this is doable. It is sort of what Deron Williams is doing now with the Nets — he may re-sign there but he wants to become a free agent to get the bigger payday.

But not Chris Paul. If he goes to the Knicks it will be as a free agent next summer.

Report: Rockets will try to sign Alessandro Gentile next summer

Alessandro Gentile, Paulius Jankunas
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The Rockets tried signing Sergio Llull this summer, but he opted for a long-term extension with Real Madrid.

So, they’ll just turn to another player in their large chest of stashed draft picks – Alessandro Gentile.

Marc Stein of ESPN:

Gentile, who was selected No. 53 in the 2014, is a 22-year-old wing for Armani Milano. He’s a good scorer, but he primarily works from mid-range – an area the Rockets eschew. He can get to the rim in Europe, but his subpar athleticism might hinder him in the NBA.

If Gentile comes stateside, he’ll face a steep learning curve. But he’s young enough and talented enough that he could develop into a rotation player.

Report: Hawks co-owner made more money by exposing Danny Ferry’s Luol Deng comments

Michael Gearon, Bruce Levenson
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A terribly kept secret: Hawks co-owner Michael Gearon Jr. wanted to get rid of general manager Danny Ferry.

Many believe that’s why Gearon made such a big deal about Ferry’s pejorative “African” comment about Luol Deng – that Gearon was more concerned about ousting Ferry than showing real concern over racism.

Gearon had another, no less sinister, reason to raise concern over Ferry’s remarks.

Kevin Arnovitz and Brian Windhorst of ESPN:

While Gearon felt that Ferry, as he wrote in the June 2014 email to Levenson, “put the entire franchise in jeopardy,” Gearon also figured to benefit financially from a Sterling-esque fallout.

In the spring of 2014, Gearon was in the process of selling more of his interest in the team to Levenson and the partners he had sold to in September. The agreed-upon price for roughly a third of Gearon’s remaining shares valued the Hawks at approximately $450 million, according to reports from sources.

“We accept your offer to buy the remaining 31 million,” Gearon wrote in an email to Levenson on April 17, 2014. “Let me know next steps so we can keep this simple as you suggested without a bunch of lawyers and bankers.”

Approximately five weeks later — just a little more than a week before the fateful conference call — Steve Ballmer agreed to pay $2 billion for the Clippers, a record-smashing price that completely changed the assessed value of NBA franchises. Gearon firmly maintains he was acting out of the sincerity of his convictions to safeguard the franchise from the Sterling stench, but such a spectacle also allowed him to wiggle out of selling his shares at far below market value.

Gearon and his legal team later challenged the notion that the sell-down was bound by any sort of contractual obligation and that any papers were signed. Once the organization became involved in the investigation, the sale of the shares was postponed.

Arnovitz and Windhorst did an incredible amount of reporting here. I suggest you read the full piece, which includes much more background on the Gearon-Ferry rift.

Considering the Hawks sold for $850 million, Gearon definitely made more money than if he’d sold his shares at a $450 million valuation.

Did that motivate him? Probably, though it doesn’t have to be one or the other. Most likely, his actions were derived from at least three desires – making more money, ousting Ferry and combating racism. Parsing how much each contributed is much more difficult.

What Ferry said was racist, whether or not he was looking at more racism on the sheet of paper in front of him. His comments deserved punishment.

But if Gearon didn’t have incentive to use them for his own benefit, would we even know about them? How many other teams, with more functional front offices, would have kept similar remarks under wraps or just ignored them?