Lakers will not have quite as much 2014 cap space as some think

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While fans (and a lot of front office executives) around the league have enjoyed the Lakers stumbles last season, we all know the plan. And it’s a very feasible one.

The Lakers will muddle through this season then rebuild on the fly through free agency in the summer of 2014 when virtually everybody comes off the books. They can attack free agency hard and sign a couple max players. They have reportedly targeted LeBron James and Carmelo Anthony.

Except, the Lakers don’t have quite as much cap space as everyone thinks. Depending on what they do it could be more like $36 million.

The fantastic Jared Dubin had some fun with this at Grantland. For this post, I’m going to take what I think is the most logical scenario and talk cap space from there, using Dubin’s numbers, that includes the Larry Coon (ESPN’s cap guy) projection of a $62 million salary cap next summer.

The Lakers go into next summer with two contracts on the books — Steve Nash with $9.7 million and Robert Sacre at $915,243. Also, Nick Young could stick around as he has a $1.2 million option, but it is more likely he opts out to try and find a longer deal. So we’ll leave Young out of this.

But the Lakers don’t just have the difference between the $10.6 in guaranteed salary and the $62 million to spend.

Meet the cap hold — a placeholder salary that counts against what you can spend based on the value of what you could pay your free agents to come back (also that could include holds for draft picks and minimum contract players yet to be named to get you to a dozen roster spots). In the Lakers case there are cap holds for Kobe Bryant (almost $32 million), Pau Gasol ($20 million), Steve Blake ($7.6 million) and on down the line. With all their cap holds in place the Lakers are at $86 million, way over the cap and luxury tax line, they couldn’t sign anybody.

Most likely the Lakers will trade Gasol during the season or, when the time, comes, the Lakers will renounce their rights to every free agent on their roster not named Kobe. They will create cap space because when they renounce Gasol or anyone else he gets replaced by a $507,336 minimum salary hold. There also will be a salary hold for the Lakers first round pick next summer, the size of which depends on the draft spot but likely is upwards of $1 million, close to $1.5 million.

In Kobe’s case, I expect the Lakers will re-sign him to a discounted deal, much as Tim Duncan and Kevin Garnett did for their teams. While Kobe has said he doesn’t want a pay cut, I think that was negotiations and he’ll return for around $10 million.

So where does that leave the Lakers: Kobe at $10 million, Nash at $9.7 million, a draft pick around $1 million, Sacre at $915,243, and eight minimum salary cap holds, your grand total is around $26 million on the books.

Which leaves the Lakers around $36 million in cap space in the summer of 2014.

LeBron’s max is going to be about $20 million for the first year, ‘Melo’s is more like $23. The Lakers can’t swing them both at the max (and have fun trying to convince ‘Melo to take a pay cut). As I have said before, I doubt LeBron or Anthony bolt their respective teams, but consider that a fun exercise in the limits of what the Lakers can do. Remember, the Lakers want to be under the tax threshold line in the 2014-15 season to avoid the repeater tax.

Things could be different — the Lakers could waive Nash and use the stretch provision, for one, to get even more cap space. The Lakers could make a mid-season trade for star under contract (using Gasol and pieces as the bait) and have even less room. There are endless scenarios.

Most observers around the league expect the Lakers to bounce back fast — players want to be in Los Angeles and play for a storied franchise. But the new CBA makes the Lakers style of reloading far more difficult; they are going to have to get some players to come to them at a discount.

The goal of the new CBA was to make it hard and expensive on teams used to just spending to get what they want. The Lakers are a great example of how that is going to work.

Suns’ Dudley has surgery on left toe ligament and bone

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PHOENIX (AP) Phoenix Suns forward Jared Dudley has undergone a left toe ligament and bone procedure.

The Suns issued a statement on Tuesday saying Dudley had surgery last Friday and is expected to return to full basketball activities in 3-4 months.

The 31-year-old averaged 6.8 points and 3.5 rebounds in 64 games with Phoenix last season. Dudley is in his sixth season and second stint with the Suns. He has two years and nearly $20 million left on his contract.

Dudley has career averages of 8.3 points and 3.4 rebounds in 10 NBA seasons.

Report: Knicks owner James Dolan expected to part ways with Phil Jackson Wednesday

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Kristaps Porzingis skipped his exit meeting with the Knicks to express his frustration with the way the organization is being run. He is spending the summer working out in Latvia rather than the Knicks’ facilities. If a franchise cornerstone, unicorn of a player skipped the exit meeting with 29 other franchises, the team president and GM would have been knocking on his door the next morning looking to talk about his concerns, listen, and make a guy the team should be building around feels appreciated and listened to.

Instead, Phil Jackson took it as a slight and threatened to trade Porzingis to send a message.

Add that to a treatment of Carmelo Anthony that has free agents seeing the Knicks as a refuge of last resort, not to mention forcing the triangle offense on players who do not want, and there’s a lot of reasons to question Phil Jackson’s leadership of the Knicks.

All of that has James Dolan, the Knicks owner, ready to let go of Jackson and make a change, something first reported by Adrian Wojnarowski of The Vertical at Yahoo Sports. The move will be sold as a mutual parting of the ways, which is true in the sense that Jackson started to realize in the past week what was about to go down and made it so.

The New York Knicks are planning to part ways with embattled President of Basketball Operations Phil Jackson later this morning, league sources told The Vertical.

Owner James Dolan has been weighing Jackson’s future role running the franchise and seriously considering his dismissal despite two years and $24 million-plus left on his contract, league sources told The Vertical….

Dolan has become increasingly concerned about Jackson’s fitness for the job and the long-term prospects of success for the franchise, especially in the aftermath of Jackson entertaining trades for Kristaps Porzingis, the franchise’s 21-year-old burgeoning star, league sources told The Vertical.

Ramona Shelburne of ESPN added:

Conversations about what was best for the team’s future between Jackson and Knicks owner James Dolan accelerated this week when the franchise decided it would not buy out embattled forward Carmelo Anthony, sources said….

It had become clear, sources said, that Jackson had no plans to remain beyond the two years left on the five-year contract he initially signed in 2014. So with no clear path forward from the toxic situation with Anthony, a constant public relations war over Jackson’s preferred triangle offense, and new concerns about the organization’s relationship with Latvian phenom and 2015 No. 4 overall pick Kristaps Porzingis, sources said it was clear things had reached a breaking point by the eve of free agency.

How are Knicks fans reacting?

HALLELUJAH.

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With free agency starting in just days, the timing of this is tough, but frankly, the Knicks stand a better chance of landing free agents without Jackson in the mix. Expect current GM and trusted Dolan confidante Steve Mills to get the job temporarily.

When Jackson took over the Knicks it was hoped that for $12 million a year he could keep James Dolan at arm’s length from basketball decisions — he has done that — and that he would finally provide a direction and for the Knicks. The latter part has not happened. He hired Derek Fisher as coach, who realized the Knicks were not ready to run the triangle so he tried to run a hybrid offense, but that never clicked. Fisher also never clicked with the players, and got into a spat with Matt Barnes that was very public. Fisher was let go and Jeff Hornacek was brought in to run his more modern, up-tempo offense, but then he was given Derrick Rose and Joakim Noah to go with the aging Anthony, with little else but Porzingis around them, and that didn’t work. Now the Knicks are back to the triangle, and players are not happy.

Jackson is unquestionably one of the great coaches the game has ever seen, a man with a great basketball mind, but the skills of coaching and the skills of running basketball operations are different things.

You can say it’s time for the Knicks to move on from Jackson but If not Jackson, then who?

Go ahead and joke that “anybody is better” but we have seen Dolan’s hires before and know that’s not true. Isiah Thomas is still out there. Much like Dan Gilbert in Cleveland, you don’t want to just fire your GM at this point of the year unless you have the next guy lined up. Does anyone believe Dolan has thought that far ahead? There are plenty of quality candidates, including the released David Griffin from Cleveland, but how fast can the Knicks get a man with a plan in place.

Still, this is a good thing for the franchise. The timing of it is just very Knicks.

Report: Rockets becoming “increasingly serious threat” to sign Chris Paul

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The Houston Rockets are one of only a handful of teams in the NBA with a legitimate ability to add a couple of key pieces and try to make a run at the Golden State Warriors.

Chris Paul would be that kind of piece, and the Rockets are ramping up efforts to land him.

From Marc Stein of ESPN.

The Houston Rockets have emerged as an increasingly serious threat in the chase for soon-to-be free agent Chris Paul, according to league sources.

The Rockets still have work to do in terms of clearing sufficient salary-cap space to make a representative offer for Paul, but sources told ESPN that Houston star James Harden has been advocating hard in favor of the Paul pursuit and has made his interest in teaming with the Los Angeles Clippers’ point guard known directly to Paul.

Sources say Houston also remains at the heart of the trade hunt to acquire Paul George from the Indiana Pacers, despite the fact George is only under contract through next season and is known to be angling to sign with his hometown Los Angeles Lakers in July 2018.

The challenge in all of this is the Rockets have just about $10 million in cap space this summer, which is about a third of what it will take to land Chris Paul. That means they need to trade Ryan Anderson and his $19.6 million owed next season and take no salary back, and while there are a few teams in a position to be able to take on that salary — Philadephia, Brooklyn, Sacramento and others — they are going to want a young player or first-round pick as a sweetener. The Rockets also are considering moving Lou Williams and his $7 million salary, or Patrick Beverley and his $5.5 million. However, even moving both of the later two is not getting near the salary Paul will demand.

Chris Paul met with the Clippers front office on Tuesday to talk about the future, but he’s expected to meet with a number of teams in free agency, with the Rockets and Spurs being key suitors. The question is, will any of these teams bring him closer to toppling the Golden State Warriors, and is it worth it to take less money for that chance? Especially after he got the CBA changed so that as of July 1 the “over 36” rule becomes the “over 38 rule” so the Clippers can give him one more five-year max contract.

How much will Dion Waiters earn as a free agent?

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Dion Waiters had the best season of his career last year at age 25 in Miami. The Heat pushed Waiters to get in the best shape of his life (just check out his Instagram), and combine that with the fact that Justise Winslow went down Waiters got the ball in his hands more with a chance to create for himself, and you had a little rush of scoring. He’s still not the most efficient player ever (to be kind), but he’s close to average.

Waiters opted out of his $3.2 million he is owed next season, and he is now a free agent. How much is he will he get now on the open market? Barry Jackson of the Miami Herald wrote this:

One scout said he would be surprised if the bidding for Waiters soars much above $10 million, if that, because of his small sample size of high-level play this past season. One prominent agent who does not represent Waiters predicted he would get $8 million to $10 million annually.

That number seems about right, if it’s a two-year deal (or a team option on the third year). The league average salary will be around $8.5 million, and that’s where Waiters should fall next year.

Whether Miami has that money to spend comes down to whether they land a big free agent such as Gordon Hayward or Blake Griffin (both max guys). If so, the Heat will not have the money, and what they do have would be more focused on keeping James Johnson. However, if the Heat strike out then Waiters could be back in Miami.

One way or another Waiters is going to get a raise. That doesn’t mean teams are not still leery.