Report: Carmelo Anthony has until June 23 to notify Knicks if he plans to opt out, become a free agent

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It’s been widely expected that Carmelo Anthony will exercise the early termination option on the final year of his contract, leaving $23 million on the table in order to sign a new max deal as an unrestricted free agent.

But ever since the Knicks hired Phil Jackson as president of basketball operations, that seems slightly less certain than it once was.

Jackson’s ideal plan for rebuilding in New York is centered around Carmelo Anthony opting in for next season, and waiting until the following one to sign that five-year max contract, which could give the Knicks some additional flexibility to pursue big names in the more loaded free agent class of 2015.

While that remains a long shot, Anthony must notify the team of his decision about a week before the free agency period begins.

From Marc Stein of ESPN.com:

Carmelo Anthony has until June 23, essentially one week before the start of free agency, to notify the New York Knicks if he plans to opt in or out of the final year of his current contract, according to sources familiar with the terms of his deal.

Sources told ESPN.com that Knicks president Phil Jackson is continuing to urge Anthony to exercise next season’s $23.3 million player option and put off unrestricted free agency for one more year. …

Jackson’s pitch to Anthony — which sources say he has delivered more than once over the past month — is founded upon the notion that the Knicks will have increased financial flexibility in the summer of 2015 to bring in a marquee free agent to pair with a re-signed Anthony.

It’s likely that there’s far too much risk associated with not signing a max contract the moment that opportunity presents itself, and Anthony will be hard-pressed to wait a year to do so, even while collecting more than $23 million in salary for next season if that’s the choice that is made.

But what Jackson is ultimately advocating for here is something he mentioned soon after accepting his new position.

The Knicks ultimately want Anthony to sign his five-year deal for less money than the maximum, in order to give the team more salary cap dollars to expedite the rebuild of the franchise. It’s possible that Anthony could do that now with an eye toward 2015, but honestly, there isn’t any motivation for him to do so.

If Jackson can present one or two All-Star free agents that are ready to join the Knicks in 2015, however, it makes it more appealing for Anthony to agree to take less money at that point, when there is a concrete and legitimate reason.

Anthony would reportedly look closely at the Bulls, Rockets and Mavericks if he opts out and becomes a free agent this summer, and any of those decisions would mean foregoing more than $30 million that he could keep by re-signing a max deal with the Knicks.

Taking less money to play for a winner is an option Anthony will have whether he chooses to stay in New York or play somewhere else. But whatever he decides, the deadline is less than two weeks away.

76ers take 1 big step (and a couple smaller ones, too)

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NBCSports.com’s Dan Feldman is grading every team’s offseason based on where the team stands now relative to its position entering the offseason. A ‘C’ means a team is in similar standing, with notches up or down from there.

Even the NBA’s worst team has only a 25% chance of getting the No. 1 pick in the lottery.

The 76ers made their own luck.

Philadelphia finished with the league’s fourth-worst record, fell to No. 5 in the lottery, swapped picks with the Kings to move up to No. 3 thanks to a two-year-old trade then traded up to No. 1 by enticing the Celtics with a future draft pick (another pick acquired in that heist of Sacramento, a Lakers pick or one of the 76ers’ own).

Whew, that’s some Process.

No. 1 pick Markelle Fultz is the latest prize in the 76ers’ reverse engineering of the NBA’s system, joining Joel Embiid and Ben Simmons. That’s an exciting young core that might be ready to lift Philadelphia from years of tanking to playoff contention.

To that end, the 76ers signed J.J. Redick to a one-year, $23 million contract. The 33-year-old has already shown signs of decline, but he’s an upgrade over any shooting guard on the roster. If their other young players are ready to make the leap, the 76ers didn’t want to learn the hard way they were a starting shooting guard short of reaching the postseason. In securing an immediate boost, Philadelphia essentially paid extra for flexibility. Redick’s salary will almost certainly outpace his production, the 76ers ensured no lasting negative effects beyond this season.

The same logic could apply to Amir Johnson, who signed a one-year, $11 million contract. But Philadelphia’s frontcourt depth and the dreary market for bigs make that deal less defensible – especially if Johnson’s salary could have been reappropriated for Kentavious Caldwell-Pope (who surprisingly became an unrestricted free agent) or paying Robert Covington more up front (as opposed to in future seasons, when the savings might matter more) in a renegotiation-and-extension.

With about $15 million in cap space remaining, the 76ers will likely still renegotiate-and-extend Covington once they can in November. He fits well into a deep crop of solid assets beyond the big three: Dario Saric, Richaun Holmes, Timothe Luwawu-Cabarrot, Jahlil Okafor, Justin Anderson, T.J. McConnell, Nik Stauskas, Furkan Korkmaz (the No. 26 pick last year who signed this year), all Philadelphia’s own future first-rounders plus one extra (from either the Kings or Lakers – or both, if if Philadelphia’s own pick is conveyed to Boston). The 76ers even added to the pool this summer with a couple draft-and-stash selections – No. 25 pick Anzejs Pasecniks and No. 36 pick Jonah Bolden (who I’m personally quite high on).

That grouping alone would be envy of many teams. And then there are still Embiid, Simmons and Fultz – the trio that will determine how quickly the brighter days ahead arrive in Philadelphia.

The 76ers’ revival is built on Embiid’s back – and feet and knees. He could be a generational player, but injuries have already cost him 215 games in three years and limited him to just 25 minutes per game in the 31 he has played.

Though it’s the one that looms far beyond, Embiid’s health isn’t the only potential pitfall this season. Rookie point guards – whether it be Fultz or Simmons – rarely lead good teams. It’s a position that typically requires fine-tuning.

Still, this is just the start in Philadelphia. Making the playoffs this season would be nice, but bigger goals down the road appear attainable either way.

The 76ers were in great shape entering the summer. They’re in even better shape now.

Offseason grade: B

Report: Wizards signing Donald Sloan

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The Wizards look like they solved their backup-point-guard problems with Tim Frazier.

But they also looked like they solved their backup-point-guard problems with Trey Burke and then Brandon Jennings last year – and look how that turned out.

So, even after trading for Frazier, Washington is still trying to increase stability behind John Wall.
CSN Mid-Atlantic:

The Wizards added some depth to their backcourt on Thursday by signing veteran guard Donald Sloan to a one-year deal, CSN’s Chris Miller confirmed on Thursday night.

The 29-year-old Sloan has played for the Hawks, New Orleans Hornets, Cavaliers, Pacers and Nets in a five-year NBA career. He spent last season in China.

Sloan isn’t much of a scorer, and he’s only a decent distributor. But he makes up for it with all-around adequacy, highlighted by his rebounding for his position.

The veteran will compete with second-year Sheldon Mac, whose salary is just $50,000 guaranteed, to be Washington’s third point guard.

Report: Knicks sign Nigel Hayes to partially guaranteed deal

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Nigel Hayes became a cult hero at Wisconsin for bringing a “BROKE COLLEGE ATHLETE ANYTHING HELPS” sign to GameDay and soliciting Venmo donations, challenging the stenographer in a press conference and “accidentally” calling a stenographer beautiful in front of a hot mic.

After going undrafted, Hayes and his colorful personality are headed to New York, where Knicks fans are starving for fun.

Adrian Wojnarowski of ESPN:

Could Hayes stick into the regular season? The Knicks have just 14 players with guaranteed salaries, leaving one more spot for a player on an standard contract. Chasson Randle has an unguaranteed salary that becomes partially guaranteed around the time training camp opens. The Knicks could also sign other players, though they’re down to just minimum exceptions.

Hayes – a 6-foot-8 forward – has a chance, but he’s most likely ticketed to New York’s minor-league affiliate after being waived by the parent club.

Who is betting favorite to win Rookie of the Year? Lonzo Ball? Ben Simmons? Depends.

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The Rookie of the Year race is wide open heading into next season.

It’s that way every year — if you had predicted Malcolm Brogdon was going to win a year ago, you would have been laughed out of the room — but this coming season has a deep pool of elite talent who will be in position to put up numbers, the usual formula for winning the award. Lonzo Ball, Ben Simmons, Markelle Fultz, Jayson Tatum all have a real shot — and that’s just the tip of the iceberg.

Who is the betting favorite? Depends on where you do your betting.

The William Hill’s Nevada sportsbook (which works with a number of Las Vegas casinos, such as the SLS), has these odds (hat tip ESPN):

Lonzo Ball 9-5
Ben Simmons 5-2
Dennis Smith Jr. 4-1
Markelle Fultz 13-2
De'Aaron Fox 8-1
Jayson Tatum 8-1

The Westgate SuperBook in Las Vegas has Simmons as the betting line favorite at 9-4

The online betting site Bovda.lv has this line

Lonzo Ball 9-4
Dennis Smith 3-1
Ben Simmons 5-1
Jayson Tatum 5-1
Markelle Fultz 8-1

Traditionally, Rookie of the Year goes to a guy who has the ball in his hands, is aggressive, and puts up raw numbers. It celebrates scorers. All of the guys on that list can do that, although Ball will be judged more on his passing and how he helps turn the Lakers into an up-tempo team. In addition to the guys on that list, Josh Jackon in Phoenix will get numbers, as might John Collins in a rebuilding Atlanta. There are sleepers down the board with a chance.

This year a whole lot of guys fit the traditional mold of a guy who can win the award, more than are mentioned here. It’s going to be a wild ride.