New CBA, new looming TV deal means no NBA teams for sale

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If you don’t think the NBA business is booming, check out the price tags for the last couple NBA teams sold: The smaller market Sacramento Kings just sold for $534 million, the small market Grizzlies sold for $377 million. Remember that just a few years ago the majority of the big market Philadelphia 76ers sold for $280 million.

Why the jump in prices? For one, there is a new Collective Bargaining Agreement that is much more favorable to owners (who now get just about half of the NBA’s gross revenue, up from 43 percent in the old CBA). Secondly, the NBA is in the process of renegotiating its television rights deal at a time of record prices for sports rights deals.

Basically, owners are getting more money in their pockets.

All of which is why there are no teams for sale right now (sorry Seattle), NBA Commissioner-in-waiting Adam Silver said Tuesday, as reported by Brian Windhorst at ESPN.com.

“As we look at the coming domestic television deal and a great playoffs and Finals, there’s a great buzz around the league right now,” Silver said at the Bloomberg Sports Business Summit. “There aren’t any teams for sale but if there were [the price] would be robust.”

Robust = very expensive.

The new television deal is the focus — and should be for the players as well. The NBA salary cap is set based on a percentage of league revenue, so a bigger television deal means more money for teams to spend on players.

The NBA is first negotiating with its existing partners — ESPN/ABC, as well as Turner Sports which runs TNT and NBA TV — but if those talks don’t go where the league wants there are other media conglomerates out there that want a foot in the door. David Stern himself has said he likes how the NFL has games spread across every network and nobody blinks.

Adam Silver, however, works to get a consensus with the owners in a way Stern does not. Which is why Silver said Tuesday a committee of owners will help with the new television rights deal.

“There’s probably calls for more owner involvement than we’ve had historically,” Silver said. “There’s a new generation of owners who’ve become involved in the league. There’s more a sense of activist owners … these days led by Mark Cuban and others there are more full-time owners. It’s a recognition that even for very wealthy people, it’s a much larger percentage of their portfolio.”

Report: Cavaliers offering Derrick Rose minimum contract

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The Cavaliers are reportedly in serious discussion to sign Derrick Rose.

They still have about $2.5 million of the taxpayer mid-level exception left, but don’t expect Rose to get it.

Brian Windhorst and Adrian Wojnarowski of ESPN:

The Cavs are believed to be offering Rose a minimum contract

A minimum salary for Rose is $2,116,955. More importantly for the Cavs, they’d have to pay him – and be taxed at – just $1,471,382. (The NBA covers the difference on one-year minimum deals for veterans.) Regardless of whether they sign Rose, they still have to fill out their roster with at least minimum players.

If they pay him more than the minimum, they’d be on the hook for his full salary and be taxed on it.

So, Rose could push for a little more. But Cleveland has much more incentive to set a hard line.

Report: Derrick Rose in serious talks with Cavaliers on one-year contract

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LeBron James is reportedly frustrated with the Cavaliers’ offseason.

Can they soothe him with former MVP Derrick Rose?

Brian Windhorst of ESPN:

Rose is still a big name, but his play has SIGNIFICANTLY regressed. He could add scoring punch to reserve units, but his only plus skill – driving to finish for himself – doesn’t complement LeBron and Kyrie Irving. Rose is a poor spot-up shooter and defender, so his usefulness would be limited to minutes when LeBron or Irving – or maybe both – sit.

The Cavs rushed to lock up Jose Calderon on the first day of free agency. Rose is better, and if the Cavs want to spend a minimum contract – or even the remainder of the taxpayer mid-level exception – to upgrade, more power to them. But following Calderon with Rose suggests there isn’t much a plan here.

That’s not shocking for a team without a general manager.

Timberwolves working on (max?) extension for Andrew Wiggins

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Andrew Wiggins is eligible for a contract extension that projects to be worth $148 million over five years. The Timberwolves could even include a clause that increases Wiggins’ compensation up to a projected $153 if he makes an All-NBA team or wins Defensive Player of the Year next season.

Jerry Zgoda of the StarTribune:

The Wolves have until October to complete a negotiation that shouldn’t take all that much negotiating if Wiggins accepts a contract that’s expected to approach $150 million.

Timberwolves president/coach Tom Thibodeau appears to be talking just generally about an extension. Zgoda brings up a max offer. It’s unclear whether Zgoda is reporting or supposing Minnesota has offered/plans to offer that much.

I’d hesitate to offer Wiggins the full max.

He’s a high-volume scorer with below-average efficiency (carrying enough of a load where that tradeoff is helpful). But his rebounding and defense lag WAY behind where his athleticism suggests those skills should be. For someone who dominated the ball, he’s not much of a distributor.

On the other hand, Wiggins is just 22 and possesses the physical tools to grow into a complete player. It’s reasonable to bet on him getting there, and an extension should be based on what Wiggins will do in future seasons, not what he has done already.

Plus, a max salary is the only allowable rate for a five-year extension. Offer any less, and the Timberwolves would be limited to a four-year extension. Do they really want to face his unrestricted free agency – in the midst of his prime – a year sooner.

It’s not as if they’d lose him now by forgoing an extension, though. Wiggins would be a restricted free agent next summer, and Minnesota could always extend a maximum qualifying offer, which would mean any offer sheet must be for three or four years (not including option years). The Timberwolves would also have a five-year max contract on the table (which would carry the same terms as a five-year max extension signed this offseason). Wiggins could accepted the $9,846,619 one-year qualifying offer and become an unrestricted free agent in 2019, but that would be an unprecedented risk with so much money on the table.

Minnesota can all but guarantee locking him up for the next four seasons (including the final year of his rookie-scale contract this year). A max extension would secure him for the five (six if it doesn’t include a player option).

Ultimately, I’d lean toward offering Wiggins less than a max extension. It’s a tight market with the salary-cap stagnating in coming years, and a max offer sheet might not be available to him in restricted free agency. The Timberwolves could evaluate him another season and offer Wiggins the max next summer if he deserves it. If Wiggins wants security now, he can take a slight discount. That might come with complications down the road, but so would overpaying a one-dimensional player. A five-year max extension wouldn’t be terrible – if Minnesota doesn’t grant a player or early termination option.

By the way, don’t worry about another Kevin LoveRicky Rubio situation. The new Collective Bargaining Agreement allows teams to sign two designated-player rookie-scale extensions, so the Timberwolves could still offer Karl-Anthony Towns (who more clearly deserves it) one after giving Wiggins one.

Celtics add toughness with Aron Baynes and Marcus Morris

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WALTHAM, Mass. (AP) Aron Baynes and Marcus Morris are happy to be coming to Boston at the same time, if only so they don’t have to play against each other.

Baynes signed with the Celtics as a free agent on Wednesday, and he already has a familiar face in the team’s locker room: Morris, who was acquired in a trade for Avery Bradley on July 7. Baynes said Morris “brings a lot of toughness” to the court, and Celtics assistant general manager Mike Zarren said the 6-foot-10 Australian can do the same.

“Red Auerbach said, `Get the instigators, not the retaliators,”‘ Zarren said before introducing Baynes to the media. “He’s definitely an instigator.”

The two former Pistons shared the day, with the Celtics announcing Baynes’ signing an hour before a media call with Morris. Bradley, the longest-tenured member of the team and the only remnant from the New Big Three era, needed to go to clear the salary cap space for prize free agent catch Gordon Hayward.

Baynes and Morris join a team that earned the No. 1 seed in the East last season but lost to the Cleveland Cavaliers in the conference finals in five games. Baynes, who averaged 15.5 minutes last season for a team that missed the playoffs, said coming to Boston was “a basketball decision.”

“Hopefully, I’m a piece that helps them bring the puzzle together,” he said. “You always want to be able to play more. I didn’t see myself having much bigger a role than I’ve had the past two years.”

An undrafted free agent who won an NBA title with the Spurs in 2014, Baynes averaged 5.2 points and 4.1 rebounds in his five-year career. He played in 75 games last year for the Pistons, starting two, averaging 4.9 points and 4.4 rebounds.

After working out at the team’s facility in the morning, Baynes came out to greet children at a basketball camp taking place on the practice court. A noted BBQ enthusiast who tweeted out a request for recommendations in the area, Baynes said he hadn’t tried the local offerings yet.

“There’s a few lobster rolls around here,” he said.

Morris averaged 14 points last season in Detroit, where he was a mainstay in the starting lineup. He saw the Celtics up close while watching his twin brother, Markieff, play for the Wizards in a seven-game Eastern Conference semifinal series against Boston last year.

Morris said coming to Boston cushioned the blow of being traded.

“How can I be upset about being a Boston Celtic?” he said. “At the end of the day, I’m a competitor. I want to play against the best. I want to play for championships.”

Morris said he reached out to longtime Celtics star Paul Pierce after learning he was traded.

“He said I’m going to love it,” said Morris, who like Pierce went to Kansas. “That’s all I needed to hear.”

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