Chicago Bulls creating offseason trade options with latest signings (updated)

4 Comments

Update: I miscalculated. The Bulls are safe from the luxury tax — at least unless Joakim Noah and Taj Gibson each get $500,00 bonuses.

Because Andrew Bynum signed with the Pacers, Chicago can set off a portion of his salary ($105,564 in this case) — an amount I didn’t account for. That leaves them $791,165 beneath the tax line — more than the $750,000 in leeway discussed below.

Noah ($500,000 for All-NBA first team) and Gibson ($500,00 for All-Defensive first team) could still send the Bulls into the tax. However, even if the Bulls hadn’t signed Ronnie Brewer, Lou Amundson, Mike James and Greg Smith, they still would have had more than $750,00 but less than $1 million in leeway.

So, Chicago can absorb a $500,00 Noah bonus for All-NBA first team and a $250,00 Gibson bonus for All-Defensive second team and avoid the tax. But if Noah and Gibson each get $500,000 bonuses, Chicago will pay the tax.

It’s the same situation regardless of whether the Bulls made their latest run of signings.

In sum, these signings won’t make the Bulls more likely to pay the luxury tax, but they’ll cost Chicago a few extra real dollars. In return, the Bulls get more trade flexibility — a definite win for them.

Original post: The Chicago Bulls, like every team, would like to avoid the luxury tax.

Not only are luxury-tax penalties already costlier than ever, repeater penalties loom. If a team might be willing to pay the tax only while contending, it’s especially prudent not to pay the tax when out of contention.

That’s what makes the Bulls’ situation so fascinating.

With all due respect to the marvelous job Tom Thibodeau, Joakim Noah and crew have done this season, Chicago is an extreme longshot to win the 2014 championship. But once Derrick Rose gets healthy, Nikola Mirotic signs, the Bulls use both their 2014 first-round picks (one from Charlotte) and exhaust their pending cap space… Chicago could get really good – and really expensive – in a hurry.

Yet, the Bulls have flirted with the luxury-tax line this season while still remaining pretty competitive. It’s a tight line to walk – wanting to keep salary low without completely blowing up the team (a dichotomy the Luol Deng trade accomplished).

Chicago caught a big break in that quest when they waived Erik Murphy and the Jazz claimed him, removing his salary from the Bulls’ books. That positioned Chicago to add up to three players and leave $750,000 in leeway under the luxury-tax line for performance incentives potentially due to Joakim Noah ($500,00 for All-NBA first team) and/or Taj Gibson ($500,00 for All-Defensive first team or $250,000 for All-Defensive second team).

The Bulls opted to go another way, though.

Chicago signed Ronnie Brewer, Lou Amundson and Mike James to minimum-salary multi-year contracts, according to Larry Coon. Amundson’s’ agent, Mike Bartelstein, confirmed his client’s contract was for two years. James’ agent, Bernie Lee, did the same for his client.

The multiple years matter, because the NBA pays a portion of the minimum salaries for veterans with at least three years experience and the league’s portion of the payments are not taxed – but only for one-year, 10-day and rest-of-season contracts. By signing those three to multi-year deals, Chicago assumed all payments and the increased tax burden that comes with them.

On the positive side, the Bulls signed Greg Smith – who surprisingly cleared waivers – without having to worry losing their $750,000 leeway, because they’d already lost it.

Smith – like Brewer, Amundson and James – could prove useful in trades after the season. Smith is a talented young big man, and the other three have unguaranteed contracts, according to Coon. That allows their salaries to help a trade match, and then they could be released them without penalty.

All in all, the Bulls are now $685,601 below the luxury-tax line – meaning they can absorb only one of the bonuses potentially due to Noah and/or Gibson without paying the tax.

If the bonuses due to Noah and Gibson fall short of $750,000, the Bulls win. They’ll avoid the luxury tax and will have added potentially useful trade assets.

But if Noah and Gibson both hit their incentives, the Bulls will pay the tax, though they’ll still have tradable assets in Smith, Brewer, Amundson and James.

It’s a calculated risk that I think will work. I project Noah to make the All-NBA first team, but I don’t have Taj Gibson making an All-Defensive team.

However, the downside – paying the tax – is high enough that I don’t believe the multi-year deals were worth it. Had the Bulls waited until Saturday to sign Brewer, Amundson and James, Chicago would have kept its $750,000 luxury-tax leeway and still signed Smith, anyway.

Chicago is choosing to play with tax fire to better position itself for a trade later, perhaps a revealing strategy about the franchise’s long-term plans.

Watch Victor Oladipo score a career-high 47 points vs. Nuggets (VIDEO)

Leave a comment

Victor Oladipo was sent from the Oklahoma City Thunder to the Indiana Pacers along with Domantas Sabonis as part of a major trade for Paul George.

Boy, Pacers fans have got to be glad things have turned out the way they have.

Oladipo is having a career season in terms of scoring, rebounding, blocks, 3-point shooting and field goal percentage. His advanced stats look good too, as Oladipo’s efficiency per-100 possessions in many offensive categories have seen a rise to go along with his box score bump.

On Sunday, Oladipo scored a career-high 47 points in an overtime win against the Denver Nuggets, 126-116.

Oladipo’s performance was incredible, adding seven rebounds, six assists, two steals, and a block to go along with his 47 points. Oladipo shot 15-28 from the field, including 6-of-12 from 3-point range, and added 11 points from the free-throw line.

Watch the full highlights of Oladipo’s performance in the video above.

Rumor: NBA executives think Rockets have shot at signing LeBron James

Getty
3 Comments

LeBron James is now rumored to be headed to about 29 NBA teams this summer when he can opt out of his current contract and become a free agent. Earlier this week, we heard rumblings that LeBron could be interested in sharing a Los Angeles Lakers roster with Dallas Mavericks center-at-large Nerlens Noel.

Now we’re hearing that NBA executives think the Houston Rockets have a chance of nabbing The King in the summer of 2018.

All aboard the Banana Boat.

According to USA Today’s Sam Amick, both the Rockets themselves and rival execs think Houston is a real landing spot for James thanks in part to how well they are playing this season. James Harden is having another MVP-caliber year, and Chris Paul has played beautifully in his return.

Via USA Today:

While James has made it clear that he won’t deliberate his uncertain future until the Cavs’ season is complete, there is strong belief in Rockets circles that they’ll have a legitimate shot at landing the four-time MVP this summer. Rival executives also believe the Rockets will have a real chance. And once you really look at it, when you get past all the noise about the Lakers and even the compelling case for the up-and-coming Philadelphia 76ers, it makes all sorts of sense.

The only team we haven’t heard connecting rumors about is the Cleveland Cavaliers themselves. LeBron — whose family lives in LA — recently bought a new house there and all signs point to James heading to the Western Conference. Well, unless he goes to the Philadelphia 76ers, of course.

Then again it felt like a certainty that LeBron would head to the New York Knicks nearly a decade ago, an idea that seems hilarious in retrospect. The NBA is weird, and if LeBron dips from Cleveland expect it to get even weirder.

Sixers’ Robert Covington to miss at least one game after crashing into stands

Leave a comment

NBA fans love hustle from their players, but sometimes things go awry.

That’s what happened on Saturday night after Philadelphia 76ers forward Robert Covington dove into the stands to try to save a loose ball against the Cleveland Cavaliers.

The play came in the fourth quarter with under two minutes left and the Sixers down by just one point. Covington leapt into the far sideline just near the Cavaliers bench. He appeared to turn his ankle and land awkwardly on his back. The Cleveland floor has a small lip after the first row of seats that may have played a part in the injury.

Cleveland would go on to score on the play, and Covington had to be helped off the floor. The Cavaliers went on to win, 105-98.

Meanwhile, the 76ers will play Sunday in New Orleans against the Pelicans. According to NBC Sports Philadelphia, Covington will miss the game with a lower back contusion.

Via NBCSN Philadelphia:

X-rays and a CT scan came back negative. Covington is with the team in New Orleans and is doubtful for Tuesday’s game in Minnesota.

Covington tumbled out of bounds and over courtside seats while he tried to save a possession during a Sixers comeback attempt. There is an approximate four-to-five inch drop between the court and the area where Covington landed. Many of his teammates were unaware of Covington’s injury at first because it was out of their vision.

“It’s scary to see your teammate like that,” guard JJ Redick said. “They said he fell on his back. I wanted to make sure he’s walking and not in too much pain. But I just wish the best for him and hope he’s OK.”

Back injuries can be a complete hassle to recover from, especially when you’re deep in the middle of the season. Let’s hope the Sixers get Covington back soon.

Giannis Antetokounmpo dunked all over Rudy Gobert (VIDEO)

Twitter
3 Comments

Giannis Antetokounmpo dunks a lot. The Milwaukee Bucks forward is big, strong, and aggressive when it comes to attacking the rim.

But he doesn’t typically dunk this hard or this emphatically over perennial Defensive Player of the Year candidates like Rudy Gobert.

That’s what made this one special.

As time was winding down in Milwaukee’s eventual 117-100 win over the Utah Jazz on Saturday night, Antetokounmpo put the exclamation point at the end of the sentence for the Bucks.

Gobert took the brunt of it. Via Twitter:

Goodness.