Report we all expected: J.R. Smith to test free agency

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Strike when the iron is hot. It’s not just advice for blacksmiths; it applies to NBA free agency as well.

The iron is never going to be hotter for J.R. Smith, the freshly minted NBA Sixth Man of the Year. He averaged 18.9 points per game and was one of the key reasons the Knicks are considered a threat in the playoffs.

The man wants to get paid, and his option with the Knicks for next season will pay him a below market $2.9 million. So as expected he will test free agency, reports Chris Sheridan at SheridanHoops.com.

Smith has a player option for next season, and a source close to Smith tells SheridanHoops.com that it is “very, very likely” that he will opt out of his contract and become an unrestricted free agent this summer.

If you’re thinking the Knicks will just pay whatever to re-sign him, welcome to the world of the new NBA CBA.

The Knicks are over the tax apron but have the “early Bird” rights to re-sign Smith, which means how much they can offer is limited. Sheridan explains it well.

An incumbent team (the Knicks in this case) can re-sign an early Bird free agent for the greater of either: (A) 175 percent of his salary under the terms of his immediately expired agreement, or (B) 104.5 percent of whatever the league’s average player salary is for the first year of the new deal….

Because Smith would be an early Bird free agent if he opts out this summer, under the first calculation, the Knicks can offer him a starting salary of $4.9 million by using the 175 percent rule….

But for all intents and purposes, we can safely assume that the average player salary will end up being around $5.34 million. Under the second calculation, the Knicks could give Smith a starting salary of $5.58 million.

What that means is the most the Knicks can offer is four years, $24.8 million (after raises). A team under the salary cap — say the Dallas Mavericks or Houston Rockets or a number of others — can come in over the top and offer more.

Not that any of them will, and it’s not to say Smith wants to jump ship. He likes New York. But the possibility is there and it’s tough to walk away from money on the table.

Lakers exercise David Nwaba’s $1.3 million contract option

AP Photo/Mark J. Terrill
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EL SEGUNDO, Calif. (AP) — The Los Angeles Lakers have exercised their $1.3 million contract option on guard David Nwaba for the upcoming season.

The Lakers announced the move Wednesday.

Nwaba earned a job with the Lakers after they called him up from their D-League affiliate on Feb. 28. The rookie averaged 6.0 points and 3.2 rebounds per game while impressing Luke Walton’s coaching staff with his hustle and defensive play.

The Lakers signed him to a new contract with a multi-year component just three weeks after his NBA debut.

Nwaba is a local product, attending University High School in West Los Angeles and Santa Monica College before finishing his college career at Cal Poly.

Stephen Curry to play Web.com Tour’s Ellie Mae Classic

AP Photo/Eric Risberg
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HAYWARD, Calif. (AP) — Two-time NBA MVP Stephen Curry is set to test his golf game against the pros.

The Web.com Tour said Wednesday that Curry, coming off his second NBA championship with the Golden State Warriors, will play in the Ellie Mae Classic at TPC Stonebrae on Aug. 3-6.

It’ll be the first PGA Tour-sanctioned event for Curry, who has competed in various celebrity events and pro-ams. The top 25 on Web.com Tour’s regular-season money list will earn PGA Tour cards.

Curry will maintain his amateur status, competing on an unrestricted sponsor exemption in the event that benefits the Warriors Community Foundation.

Hall of Fame receiver Jerry Rice played in the event in 2011 and 2012. He missed the cut in 2011 with rounds of 83 and 76 and withdrew in 2012 after playing 27 holes in 23 over.

Also Wednesday, Nissan’s upscale Infiniti brand announced that Curry would be its new global brand ambassador. The point guard will be featured in ads for the Q50 sports sedan beginning this summer.

Report: Clippers never committed to offer Chris Paul five-year max contract

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The Clippers projected to be able to offer Chris Paul a five-year, $201 million contract that would have culminated with a $46 million salary in his final season.

Did they offer that much before sending him to the Rockets?

Just as one side is trying to pin all the Clippers’ problems on Doc Rivers and Austin Rivers, the Clippers surely want to spin Paul’s exit to another way – that they shrewdly chose when to part ways rather than that they lost the best player in franchise history due to nepotism.

David Aldridge of NBA.com:

Ramona Shelburne of ESPN:

If Paul really wanted that five-year max, he could have pushed harder for it by bringing counter offers to the Clippers in July rather than engineering his way to Houston before free agency even began.

Would the Clippers have eventually relented and offered the five-year max? We can never know for certain.

But it’s pretty clear why the Clippers would want this version out there. Accurate or not, it makes them seem far more on top of things and is less likely to taint them with free agents they covet in 2018.

How Ryan Anderson, Trevor Ariza complicate Rockets’ pursuit of third star

AP Photo/John Raoux
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After pairing Chris Paul and James Harden, the Rockets are reportedly chasing a third starPaul George, Carmelo Anthony or someone else.

But Houston parted with significant assets to land Paul from the Clippers. And the Rockets will have a tricky time dealing two remaining players, Ryan Anderson and Trevor Ariza.

Zach Lowe of ESPN:

Unloading Ryan Anderson to sign Paul outright would have helped Houston keep one of their outgoing guards, but the market for the three years and $60 million left on Anderson’s deal was frigid. Not even the Kings wanted him for free. At least two teams would have demanded two Houston first-round picks in exchange for absorbing Anderson, according to several league sources.

The salary filler probably can’t be Trevor Ariza, by the way. Ariza and Paul are close after years together in New Orleans, and playing with Ariza factored at least a little into Paul’s decision, per league sources. The Clippers had tried to trade for him in prior seasons, sources say. Ariza is also still good at a coveted position, and his Bird Rights will be valuable to a capped-out Rockets team next summer.

Anderson would be dangerous as a stretch four in pick-and-pops with Paul and Harden. Even if he’s overpaid, might be better to keep him than surrender more assets to dump him.

Likewise, Ariza is a nice two-way player and can play small-ball four. There’s a use for him on this team.

But beyond them, Houston is left with Eric Gordon and Clint Capela as movable players. Gordon, with a higher salary and less obvious fit with Paul and Harden, would almost certainly be a key cog in a trade for another star. Capela is younger and more valuable, though the Rockets would probably want to keep him as a defensive anchor.

That might not be possible while trading for a third star, though. Houston can’t even guarantee sending out another first-round pick in a trade after sending a protected first-rounder to the Clippers. (The Rockets could agree to convey a first-rounder two years after sending one to L.A., which would is highly likely to convey next year.) Including Capela in a trade might be the only way to assemble a suitable package.

Even then, Houston would be hard-pressed to surpass an offer from the Lakers or Celtics for George. Plus, if Indiana is rebuilding around Myles Turner, Capela is an awkward fit. That trade might require a third team – causing further complications.

Hoping Anthony gets bought out by the Knicks then signs for the mid-level exception is much simpler – though that route returns the lesser third star.

But Daryl Morey just brought Chris Paul to Houston before free agency even began. Now is not the time to underestimate the Rockets general manager.