Warriors GM explains team’s reasoning behind Stephen Curry’s contract extension

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As we mentioned earlier, the Warriors and Stephen Curry came to terms on a contract extension worth $44 million over four years.

The deal seems like a better one for Curry than it does for the Warriors on the surface, as the team is betting all that money that Curry’s ankle problems are a thing of the past, and that he can once again be a productive player who missed only 10 games combined over his first two NBA seasons.

Before Wednesday night’s season opener against the Suns in Phoenix, Warriors GM Bob Myers met with the media to discuss the reasons he and the organization weren’t concerned about the injury risk, and felt good about locking up Curry at that price.

“Time will tell, but we felt like obviously we put $44 million dollars on the table (to show) that we believe in him,” Myers said. “It’s a big belief in his health; you can bet against it or you can bet on it, and we decided to bet on it.

“We looked at all the information, we watched him play in the preseason, we watched him practice the last four or five days. I’m well-acquainted with his surgeon, I’ve known him for probably 10 years. With all the information we had, we felt like it was a prudent decision — not knowing what he would have commanded (on the free agent market), and that was certainly part of the process, as in, what would he have gotten if he would have played out this season? And even in some respects, whether he was healthy or not. We’ve seen some players in free agency get some pretty big numbers.”

Knowing what they were getting without entering a bidding war — and without letting other teams set a potentially artificial market value on Curry was certainly another reason the Warriors were so interested in making the extension happen.

“Our group thought about, what are the alternatives to not doing this,” Myers said.  “Well, there’s a couple. He could become a restricted free agent, and get offered a contract of similar or higher value. He could become a restricted free agent, and we’d choose to go in another direction. We’d have to replace the position, and that’s a hard thing to do with what amount of money we would have had.

“If you look at it on a global level, our options, it wasn’t like if we didn’t do this we’d have the max space to go out and get another guy. We’re thrilled we got the deal done, because we really like him. We really believe in him, and what this does is give us cost certainty in a league that is very uncertain.”

Myers continued down the path of certainty versus uncertainty, making it clear that whatever risks were involved in the investment in Curry, he was more comfortable there than he was with having to deal with the restricted free agent process.”

“The thing to understand about restricted free agency is, when a player enters restricted free agency and receives an offer sheet — and we’ll never know, thankfully, whether [Curry] would have or wouldn’t have — but when a team makes an offer, they have to pay a premium,” Myers said. “They pay beyond market value, and the reason being is, they have to set a bar they think that the team with the right to match won’t commit to. So even if you value a player at 12 (million), you’re not going to offer 12 — you’re going to offer 13 or 14. And you saw that in restricted free agency. So to protect against that, to commit to a player we really like for this organization, we made the deal we did and we’re happy with it.”

Warriors head coach Mark Jackson seemed just as happy about the team’s decision.

“I’m very excited about it, thrilled really,” Jackson said. “You have to at some point bet on somebody and I think it was a great decision by this organization betting on a guy with high character who comes from a good background and wants to be great. He does everything the right way; those are the guys that you want to ultimately bet on. It’s great for me because it’s especially enjoyable watching the good guys win.”

Chris Paul thanks Clipper fans in online statement

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Chris Paul is as competitive a guy as there is in the NBA — he and James Harden are not the smoothest fit next to one another, but he would rather team with another star and go hard at the Warriors juggernaut than sit back and collect a check.

That’s why CP3 wanted to go to the Rockets as part of the trade reported Wednesday.

But before he left, he wanted to say thank you to Clippers fans.

Paul is committed to his charity causes, he’s not giving those up. He’s likely keeping his home in Los Angeles, too — L.A. is the unofficial off-season home of the NBA anyway.

Rockets make series of cash trades for expiring contracts to help line up Chris Paul deal

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While everyone was rightfully raving about the move by the Houston Rockets to trade for Chris Paul — you have to love a team not cowering from the Warriors but willing to take them on Game of Thrones style — there was one little catch. The trade, as first announced, didn’t pencil out.

Because the Rockets were over the cap, this trade needs to be a salary match. The Clippers were getting back nice young players in Sam Decker and Montrezl Harrell, plus a first-round pick, but the salaries still didn’t match up. Then a string of small cash deals for expiring contracts started rolling in.

All those deals are official — and led to one of the funniest tweets of the year.

All three of those players will head to the Clippers as part of the official trade, but then be waived by the Clippers so they don’t actually pay them.

Also of note, by staying above the salary cap line (as opposed to diving below it to absorb CP3’s contract) the Rockets will keep their mid-level exception, giving them a full $8.4 million to spend in free agency to get a role player to help fill out the roster in Houston.

The Rockets are not done big game hunting, GM Daryl Morey is reportedly going after Paul George and maybe free agents such as Paul Millsap. Carmelo Anthony reportedly would like a buyout so he can get to Houston now, but with Phil Jackson gone and $55 million owed over the next few years that seems more up in the air. Regardless, expect the Rockets to keep making small moves to set up big ones.

Reports: Rockets not done, looking at Paul George, other possible third big star

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If you’re going to go toe-to-toe with the Golden State Warriors, you can’t have enough elite talent on the roster. Which is turning the Western Conference into a Game of Thrones.

Houston has James Harden and just added Chris Paul — and GM Daryl Morey is not done, he’s targeting Paul George and other stars. That according to multiple reports from ESPN, starting with Jeff Goodman.

Rockets GM Daryl Morey not done yet, source told ESPN. Harden and CP3. Will try to add a third star to compete with Warriors.

The logistics of this would be difficult, but not impossible. The Pacers want a first-round pick, which the Rockets can include if the Pacers will wait until 2020 (the Rockets 2018 pick goes to the Clippers, 1-3 protected, which means they can’t trade 2019). With Sam Decker traded to LA, the Rockets may not have a young player of interest outside of Clint Capella (the Pacers have Myles Turner at center), but the Rockets have made a series of cash deals for non-guaranteed contracts to make this work with the Clippers and pave the way for future deals.

Also possible, the Rockets look for a way to land Paul Millsap (or maybe a lesser version, like Serge Ibaka) in free agency.

The Rockets also could target guys such as Carmelo Anthony or Dwyane Wade, if they are bought out. Anthony is rumored to want a buyout to go to Houston now, but with Phil Jackson out and being owed $55 million over a couple years, that may not happen.

The point is the Rockets are going all in — they see the window as now and, unlike much of the rest of the West and the NBA, they are not going to wait and hope for the Warriors to wilt in a few years.

Knicks fans celebrating Phil Jackson’s departure on social media

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When the Knicks hired Phil Jackson, he was a beacon of hope for an organization that had seen dark days. Jackson was going to keep owner James Dolan out of basketball decisions (he did that) and provide a direction for the franchise (he failed to do that).

Now, three year’s later, Jackson is out as president of the Knicks.

That had Knicks fans celebrating on social media.

HALLELUJAH.

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That’s just a small sampling. So all is good with the Knicks now, right?