Report: Heat officials and players planning ‘ambitious run’ at Carmelo Anthony in free agency

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The Heat’s core of LeBron James, Dwyane Wade and Chris Bosh has something important in common with Carmelo Anthony of the Knicks once this season is finished: Every single one of them can opt out of the final year of their contract to become an unrestricted free agent.

In Anthony’s case, he has to consider whether or not to hold off on doing so, in order to try to help the Knicks rebuild more quickly by giving them financial flexibility to acquire some big name free agents in 2015.

As for the Heat’s Big Three, they might all opt out to restructure their deals in order to create the cap space necessary to add one more superstar to the mix — and Anthony might be right at the top of their list.

From Brian Windhorst and Marc Stein of ESPN.com:

Sources told ESPN.com that Heat officials and the team’s leading players have already started to explore their options for creating sufficient financial flexibility to make an ambitious run at adding New York Knicks scoring machine Carmelo Anthony this summer in free agency.

The mere concept would require the star trio of LeBron James, Dwyane Wade and Chris Bosh to all opt out of their current contracts by the end of the month and likely take further salary reductions in new deals that start next season to give Miami the ability to offer Anthony a representative first-year salary. The Heat also are prevented from making any formal contact with Anthony until July 1 and can then only if he opts out of the final year of his current contract. …

Sources say internal conversations within the Heat organization about pursuing this course have run concurrently with Miami’s bid to win a third consecutive championship, with sources adding that James in particular is likely to try to recoup potential salary sacrificed through fresh off-court business opportunities if the Heat’s new dream scenario does come to fruition.

James is reportedly the one most likely to agree to a pay cut in this scenario, having just made more than $30 million from Apple’s recent purchase of Beats Electronics.

From Anthony’s perspective, this may be his last chance at a four-year (non-Knicks) max contract. It’s unclear if the Heat would go that far, but if winning is truly his priority, it’s hard to come up with a situation that would provide a better chance of it than teaming up with a Miami squad that’s now in its fourth straight season of reaching the NBA Finals.

It’s important to keep in mind that this is just one of many scenarios possible, and we’ll certainly be flooded with plenty more before the July 1 free agency period is upon us. Because if Anthony is willing to take less money to play in his ideal situation, the options are almost limitless — even though none may ultimately be more appealing than playing alongside the game’s best player in his prime, for an organization that’s proven capable of continually competing for championships.

Chris Paul thanks Clipper fans in online statement

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Chris Paul is as competitive a guy as there is in the NBA — he and James Harden are not the smoothest fit next to one another, but he would rather team with another star and go hard at the Warriors juggernaut than sit back and collect a check.

That’s why CP3 wanted to go to the Rockets as part of the trade reported Wednesday.

But before he left, he wanted to say thank you to Clippers fans.

Paul is committed to his charity causes, he’s not giving those up. He’s likely keeping his home in Los Angeles, too — L.A. is the unofficial off-season home of the NBA anyway.

Rockets make series of cash trades for expiring contracts to help line up Chris Paul deal

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While everyone was rightfully raving about the move by the Houston Rockets to trade for Chris Paul — you have to love a team not cowering from the Warriors but willing to take them on Game of Thrones style — there was one little catch. The trade, as first announced, didn’t pencil out.

Because the Rockets were over the cap, this trade needs to be a salary match. The Clippers were getting back nice young players in Sam Decker and Montrezl Harrell, plus a first-round pick, but the salaries still didn’t match up. Then a string of small cash deals for expiring contracts started rolling in.

All those deals are official — and led to one of the funniest tweets of the year.

All three of those players will head to the Clippers as part of the official trade, but then be waived by the Clippers so they don’t actually pay them.

Also of note, by staying above the salary cap line (as opposed to diving below it to absorb CP3’s contract) the Rockets will keep their mid-level exception, giving them a full $8.4 million to spend in free agency to get a role player to help fill out the roster in Houston.

The Rockets are not done big game hunting, GM Daryl Morey is reportedly going after Paul George and maybe free agents such as Paul Millsap. Carmelo Anthony reportedly would like a buyout so he can get to Houston now, but with Phil Jackson gone and $55 million owed over the next few years that seems more up in the air. Regardless, expect the Rockets to keep making small moves to set up big ones.

Reports: Rockets not done, looking at Paul George, other possible third big star

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If you’re going to go toe-to-toe with the Golden State Warriors, you can’t have enough elite talent on the roster. Which is turning the Western Conference into a Game of Thrones.

Houston has James Harden and just added Chris Paul — and GM Daryl Morey is not done, he’s targeting Paul George and other stars. That according to multiple reports from ESPN, starting with Jeff Goodman.

Rockets GM Daryl Morey not done yet, source told ESPN. Harden and CP3. Will try to add a third star to compete with Warriors.

The logistics of this would be difficult, but not impossible. The Pacers want a first-round pick, which the Rockets can include if the Pacers will wait until 2020 (the Rockets 2018 pick goes to the Clippers, 1-3 protected, which means they can’t trade 2019). With Sam Decker traded to LA, the Rockets may not have a young player of interest outside of Clint Capella (the Pacers have Myles Turner at center), but the Rockets have made a series of cash deals for non-guaranteed contracts to make this work with the Clippers and pave the way for future deals.

Also possible, the Rockets look for a way to land Paul Millsap (or maybe a lesser version, like Serge Ibaka) in free agency.

The Rockets also could target guys such as Carmelo Anthony or Dwyane Wade, if they are bought out. Anthony is rumored to want a buyout to go to Houston now, but with Phil Jackson out and being owed $55 million over a couple years, that may not happen.

The point is the Rockets are going all in — they see the window as now and, unlike much of the rest of the West and the NBA, they are not going to wait and hope for the Warriors to wilt in a few years.

Knicks fans celebrating Phil Jackson’s departure on social media

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When the Knicks hired Phil Jackson, he was a beacon of hope for an organization that had seen dark days. Jackson was going to keep owner James Dolan out of basketball decisions (he did that) and provide a direction for the franchise (he failed to do that).

Now, three year’s later, Jackson is out as president of the Knicks.

That had Knicks fans celebrating on social media.

HALLELUJAH.

A post shared by Spike Lee (@officialspikelee) on

That’s just a small sampling. So all is good with the Knicks now, right?