Portland Trail Blazers v Charlotte Bobcats

Recapping a crazy day in Portland, where the Blazers began to clean house

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This year’s Portland Trail Blazers campaign, to this point, has gone as badly as possible. Just before the NBA’s trade deadline passed at 3 p.m. ET on Thursday, the team began the process of doing something about it.

A flurry of activity went down in Portland today, and much of it set the team up nicely for a complete rebuild beginning with this year’s draft. Here’s a breakdown of the moves that were made.

Gerald Wallace traded to New Jersey

This deal netted the Blazers $10 million off of the salary cap once Mehmet Okur’s deal expires at the end of the season, and a draft pick likely to be in the lottery somewhere, even when you take into account the Nets’ improvement with Wallace aboard. Shawne Williams may or may not still be there next season, but if he is, it’ll only be for that one additional year at around $3 million.

This was strictly a salary cap dump, and an excellent one at that. When you add in the first round draft pick, this might have been Portland’s best move of the day.

Marcus Camby traded to Houston

The Blazers got rid of one of their problem personalities, sending Marcus Camby to the Rockets in exchange for Jonny Flynn, Hasheem Thabeet, and a second round draft pick.

Camby’s contract was expiring at the end of this season anyway, so dealing him for two draft busts whose contracts also expire is a wash. Also, taking back garbage in terms of talent for someone like Camby who can actually play is the true definition of tanking, and with Portland entering rebuilding mode, it makes sense to try to lose as much as possible the rest of the way to secure the highest draft position.

In the past week, Camby was seemingly trying to flagrant-foul his way out of town — first, by trying to start a fight with Kevin Seraphin of the Wizards for no good reason, and then, by attempting to murder Landry Fields of the Knicks on Wednesday, with his team trailing by 30 points at the time. Not exactly a classy way to go out, but Camby has been around a long time, and probably deserved better than to spend the twilight of his career dealing with this disaster.

A fine move from the Blazers’ standpoint to rid themselves of a clearly disgruntled veteran, and an extremely nice addition for the Rockets.

Nate McMillan fired as head coach

We all saw this coming; it was just a matter of “when.”

McMillan lost his team at some point during the course of the season, and it ultimately cost him his job. When you clash with your starting point guard as he did with Raymond Felton, and then lose by 42 points on national television to a team as dysfunctional as the New York Knicks, it’s safe to say the party is over.

McMillan is a good coach and will eventually get another shot. In the meantime, the Blazers gave 34-year-old assistant coach Kaleb Canales the interim head-coaching tag, with his first turn in the big chair coming at an extremely challenging time. Then again, when the preferred course of action is losing the majority of the remaining games on the schedule, he’s got it better than most.

Greg Oden is waived. Finally.

This move should have been made a long time ago, but the volume of players added through today’s trade finally made it a necessity.

It was clear long ago that Oden was never going to live up to the expectations placed on his shoulders when he was selected as the number one overall pick in the 2007 NBA draft; it certainly didn’t help that the number two pick that year was Kevin Durant. But through no fault of his own, Oden suffered multiple injuries that required surgeries which take months, or even years to properly heal from.

Oden did actually play at an above average level at times when healthy, and even showed flashes of being something special. But he was never going to be at Durant’s level, and when the injuries continued to stack up, Portland should have cut ties with him and moved on long before today.

The sum of Portland’s moves earned them an A-grade on our deadline-day report card, and it’s a beginning for a franchise that finds itself in need of starting over. Whether or not the moves they make in hiring a new coach, and using the cap space and draft picks that were acquired today will rate as high, well — that remains to be seen.

Kings’ new arena to be on street named after David Stern

SACRAMENTO, CA - OCTOBER 30:  NBA Commissioner David Stern received the key to the city from former NBA player and now Mayor of Sacramento Kevin Johnson during an NBA gam between the Denver Nuggets and Sacramento Kings at Sleep Train Arena on October 30, 2013 in Sacramento, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Thearon W. Henderson/Getty Images)
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Former NBA commissioner David Stern pitted Sacramento and Seattle against each other. Sacramento made a more lucrative offer, so it kept the Kings.

For that, the Kings are honoring Stern.

Ailene Voisin of The Sacramento Bee:

The Kings will announce Tuesday that they are naming the street leading to the front door of the new downtown arena in honor of former NBA Commissioner David Stern, whose persistent, decades-long efforts helped keep the franchise in Sacramento.

Officially, the address of the Golden 1 Center – to be submitted to the city Tuesday for approval – is 500 David J. Stern Walk.

“When I learned we would have the option of naming the road, it was a no-brainer for me,” Kings principal owner Vivek Ranadive told The Sacramento Bee on Monday. “There were no other names on my list. David took the NBA to the global level and started the WNBA, but he is about so much more than basketball. He is one of the greatest leaders in the world, and on top of that, the team would not be in Sacramento without David Stern.”

OK.

Michael Jordan made a big philanthropic donation, but don’t confuse it with a political stand

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Dave Zirin is one of my favorite twitter follows and a great writer on the intersection of sports and politics for The Nation (and his podcasts are fantastic).

Speaking with Dan Patrick Tuesday (video above) he hit the nail on the head with Michael Jordan’s $2 million donation Monday — it was a great bit of philanthropy, but it wasn’t political. Jordan said he could no longer try to stay silent on racial issues, but he didn’t take a side, he didn’t make a donation to Black Lives Matter or any other movement pushing for one side or the other in this debate. He put money into trying to build a bridge between police and poorer, minority communities. That’s a good thing, but it’s not a political stance (there is no “anti better police relations” movement).

Jordan should be congratulated for what he did, but we have graded Jordan’s “political” action on a curve because he doesn’t make political moves.

Report: Victor Oladipo seeking max contract extension from Thunder

ORLANDO, FL - JANUARY 22:  Victor Oladipo waits for a free throw during the game against the Charlotte Hornets at Amway Center on January 22, 2016 in Orlando, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Sam Greenwood/Getty Images)
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The Thunder dealt with the Magic to get Victor Oladipo.

Now, it’s time to negotiate with Oladipo, who’s eligible for a rookie-scale contract extension.

How much does he want?

Zach Lowe of ESPN:

(for now) seeking the maximum salary, sources say.

Why shouldn’t he?

C.J. McCollum just got a max extension, and while I’d prefer McCollum over Oladipo, their value is comparable. McCollum is a superior shooter, but Oladipo is more advanced defensively. Two factors working in McCollum’s favor — youth and a shortage of good shooting guards in the NBA — also apply to Oladipo.

Perhaps, the max rules kept McCollum from earning more. Even if he’s not quite as valuable as McCollum, Oladipo still might deserve the max. That’s a pitfall (feature?) of the system.

But a difference between the Trail Blazers’ and Thunder’s cap outlooks could be key.

If he doesn’t sign an extension, Oladipo will count $13,105,921 against the cap to begin next offseason. Oklahoma City can hold him at that number, use its other cap space then exceed the cap to re-sign him with Bird Rights.

If he signs an extension, he’ll count all offseason at his 2017-18 salary — which is projected to have a max of about $24 million.

Because Oklahoma City is more likely than Portland to have 2017 cap space, that difference matters considerably. The Thunder could use an extra $11 million of flexibility, especially as they handle Russell Westbrook‘s free agency.

Oladipo almost certainly won’t sign an extension that starts at less than his $13,105,921 cap hold. So, any extension will cut into the Thunder’s 2017 space. But he could take enough of a discount to make it worth their while over the life of the deal.

There’s plenty of time for compromise. Oladipo’s extension deadline is Oct. 31.

For now, Oladipo should keep asking for the biggest payday.

Report: Warriors center Anderson Varejao likely out for Olympics

LONDON, ENGLAND - JULY 31: Dan Clark #13 of Great Britain shoots over Anderson Varejao #11 of Brazil in the Men's Basketball Preliminary Round match between Great Britain and Brazil on Day 4 of the London 2012 Olympic Games at Basketball Arena on July 31, 2012 in London, England.  (Photo by Christian Petersen/Getty Images)
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Warriors center Anderson Varejao left his native Brazil to have his back examined in the United States before the Rio Olympics.

The prognosis doesn’t sound good.

Marc Stein of ESPN:

That’s a bummer for Varejao, who was clearly looking forward to playing in his home Olympics. At least Brazil still has plenty of talent — including Nene, Leandro Barbosa, Raul Neto and Marcelo Huertas — to compete for a medal.

The Warriors certainly hope Varejao heals in time for the season. They might have to depend on him to back up Zaza Pachulia if rookie Damian Jones isn’t ready and they want to limit the pounding Draymond Green takes at center.