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

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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.

Rumor: LeBron James would ‘never’ join Clippers

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The Clippers hired Jerry West, in part, to help lure LeBron James.

But even with LeBron-to-Los Angeles (Clippers or Lakers) rumors swirling, that plan might not even get off the ground.

Mike Wise of The Undefeated on Freddie and Fritz:

I’m going to give you something on this show, and this is breaking news. Nobody else is going to have it.

I got from a very good authority – a very good authority – that LeBron James will never be a Clipper. I can’t tell you who, but I’m going to tell you it’s somebody that knows, and LeBron James will never be a Clipper. I don’t know if that’s because he remembers what the Clippers used to be, or he just doesn’t want to put his lot in there, or he thinks Steve Ballmer is just too animated on the sideline.

He’s never going to be a Clipper. I’m just telling people right now, for your edification. I’m breaking this on the Freddie Coleman and Fitz show.

I don’t believe in “never” in situations like this. As Jerry Seinfeld would say, teams are just laundry. The Clippers can change owners, general managers, coaches, players. LeBron would remain absolutely opposed to joining?

Maybe, but I won’t go that far without knowing his reason for resisting the Clippers. A lot can change between now and 2018, when LeBron can opt out.

One of the Clippers’ biggest selling points was always going to be Chris Paul, LeBron’s close friend. Reading the tea leaves, maybe this is a sign Paul will leave this summer – for the Spurs, Rockets or somewhere else.

Hornets’ Malik Monk expected to miss Summer League with sprained ankle

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Malik Monk‘s game is a perfect fit for Summer League: The tempo is up, the guards have the ball in their hands, the plays are basic, and the defense is inconsistent (to be kind). Monk’s ability to create shots for himself, score in transition off pull-ups or attacking the rim, and his ability to score on spot-up chances coming off screens means he would put up numbers in the glorified pick-up games of Summer League.

Except we’re not going to get to see it this year. Monk will miss Summer League due to a sprained ankle suffered during the pre-draft workout process, the Charlotte Hornets announced. The team says his rehab process is 2-4 weeks, but they are not going to push their new player just to get him in some meaningless Summer League games.

Charlotte was lucky Monk fell down the draft board to them at 11, he was rated higher than that on most boards. He can score at the NBA level, how far his career goes will depend on his ability to do other things, particularly defend. His style of game is similar to Lou Williams or Monta Ellis, both of whom have had long NBA careers because they can just get buckets.

That would have been fun to see in Summer League, but maybe next year.

La La Anthony: I’m staying in New York, and Carmelo Anthony prioritizes staying close to our son

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Self-serving Knicks president Phil Jackson said Carmelo Anthonywould be better off somewhere else.”

Anthony’s wife, La La Anthony, revealed a different point of view when asked whether she’d divorce the star forward and about trade rumors involving him.

La La on The Wendy Williams Show:

Not right now. I’m not. You know, marriages are tough. And you know that. We all know that. It’s filled with ups and downs. And we’re just going through a time right now.

But him and I are the best of friends, and our number one commitment is to our son, Kiyan. We have to set an example to Kiyan, and that’s what’s most important to me. So, I would absolutely never say a bad thing about my husband. That is my son’s father, and he is an amazing dad. I could not ask for a better dad.

Every day, I see a different team. That’s for sure.

The most important thing with just that is to stay close to Kiyan. That’s my priority. That’s his priority.

So, wherever he ends up, of course we want him to be happy.

I am hood, and I want to stay close to the hood. So, New York is definitely where I’m at and where I’m staying.

The Knicks are lousy, and working for Jackson is no treat. Carmelo knows all that.

But this might reveal why Anthony hasn’t – and, according to Jackson, still won’t – waive his no-trade clause to approve a deal from New York. There are things that matter more than basketball.

Danilo Gallinari: Nuggets aren’t my first choice in free agency

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Pending free agents almost always express loyalty to their current team, whether or not they actually plan to re-sign.

That’s what makes Danilo Gallinari‘s comments stand out.

Gallinari, via Premium Sport, as translated by E. Carchia of Sportando:

“Nuggets are not my first choice but they are exactly at the same level of the other teams. Denver’s advantage is that they can offer me a five-year contract while other franchises can offer me a four-year deal. Nuggets are at the same level of the others” Gallinari said.

One way to look at this: If a player stating a desire to return to his team – even if he plans to leave – is the baseline, Gallinari is definitely gone from Denver.

Another: Gallinari is being exceedingly honest, and we should just take his comments at face value.