Portland fans, this is not personal. It’s business.
Gerald Wallace — a key part of the Blazers resurgence — will not sign an extension with the Trail Blazers, representatives for the free agent to be told the team, reports Jason Quick at the Oregonian. It’s not that the veteran isn’t happy or doesn’t want to stay in Portland, but it’s what the new collective bargaining forces players who want the most money to do.
Wallace is under contract for this season and the 2012-2013 season, but he can opt out of the final year of his contract, which would pay him $11.4 million. The Blazers had hoped to avoid that potential scenario and in December had casual conversations with agent Rob Pelinka to extend his contract this season. However, under the new CBA, the Blazers can only extend Wallace for two more seasons, down from the four-season option in the previous CBA.
If Wallace opts out this summer and becomes an unrestricted free agent, he can sign with any team for as many as four seasons, but the Blazers would hold significant bargaining chips. If Wallace opts out, the Blazers would hold his Bird Rights because they acquired him in a February 2010 trade, and as a result would be able to offer him five years and more money.
You are going to see a lot of players — even players who have no intention of switching teams — do the same thing. Wallace can get two years now or five years this summer from Portland, what do you think he’s going to do? It is the same situation with Deron Williams in New Jersey or Dwight Howard in Orlando, save that those two guys are more likely to switch teams.
Wallace is averaging 15.6 points per game, plus his defense and energy are keys to Portland’s fast start this season. Wallace likes Portland and the team is winning, you just can’t expect him to leave cash on the table. So he will opt out. Other teams will bid. But in the end, Portland will probably lock him up long term.
The ProBasketballTalk Podcast at NBC Sports is done with its summer hiatus, and there will be a couple of podcasts a week now running through the NBA season, trade deadline, playoffs, and eventually free agency. We’ll talk about it all.
We start with NBA season previews, going division by division, and we start that tour on the West Coast. Mark Medina of the Los Angeles Daily News joins Kurt Helin of NBC to talk about the Lakers and their rebuild. From there the conversation goes to questions such as can anyone beat the Warriors? Are the Clippers contenders? Plus we talk about the building processes going on in Sacramento and Phoenix.
As always, you can check out the podcast below, or listen and subscribe via iTunes (check there to see all the NBC Sports podcasts), subscribe via the fantastic Stitcher app, check us out on Google play, or check out our new PBT podcast homepage and archive at Audioboom.com.
The Rockets created a little roster confusion by giving Gary Payton II a fully guaranteed deal, bringing Houston to 15 players (the regular-season roster limit) with guaranteed salaries plus restricted free agent Donatas Motiejunas.
This won’t clarify the situation, but P.J. Hairston will give the Rockets another intriguing piece.
Adrian Wojnarowski of Yahoo Sports:
Hairston was a first-round pick just two years ago, and at age 23, he still presents upside. He has at least stopped producing negative headline after negative headline after negative…
Now, we can focus on just Hairston’s major on-court flaws. He misses a lot of shots and does little else. But he has some raw tools, even if they barely showed with the Hornets and Grizzlies.
If the Rockets make a roster-clearing move, they could take a chance on keeping the talented/troubled wing around. More likely, he heads to the D-League, where Houston can develop him in its system.
After watching Joakim Noah leave for the Knicks, Bulls owner Jerry Reinsdorf said, “We felt Joakim wasn’t going to be a frontline guy anymore.”
Noah, via Marc Berman of the New York Post:
“He’s entitled to his opinion,’’ Noah said. “I feel I have no regrets about my time in Chicago. I gave it everything I had. To me that’s all that matters. I did everything I could for that organization. I thought it was a little bit of a low blow, but at the end of the day I have nothing but respect for that organization. I’m just excited for this new chapter of my career.”
Reinsdorf was right. Noah, 31, is on the downside of his career. I wouldn’t want him for $72 million over the next four years.
But Noah is also right. He gave the Bulls everything he had.
Noah didn’t deserve that parting shot, even if it was correct.
I also wonder how much this has to do with Chicago correctly assessing Noah’s value vs. the Bulls losing a player whom they wanted to keep and lashing out about it.
The Spurs drafted Ryan Richards No. 49 in 2010, and he could’ve signed with San Antonio any year since. To maintain a second-rounder’s rights, a team must extend a required tender – a one-year contract, surely unguaranteed at the minimum. If the player rejects the offer, those rights extend another year, and the team must then offer the tender again the following year.
Richards finally took the tender this year.
Just a couple days into training camp, the Spurs showed how much they value him.
The San Antonio Spurs today announced that they have waived forward/center Ryan Richards.
San Antonio now has 19 players and one open roster spot. I know what you’re thinking.