Report: Tim Duncan faces June 24 deadline to opt in to final year of contract

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Most contract options must be decided by June 30, but teams and players can negotiate earlier dates. For example, Carmelo Anthony faces a June 23 deadline to exercise his early termination option (which he says he’ll do).

Another player with an earlier-than-usual option date: Tim Duncan.

Marc Stein of ESPN:

San Antonio Spurs star Tim Duncan has until June 24 to notify the team whether he intends to pick up his $10.3 million player option for next season, according to sources familiar with the terms of the contract.

The date still can be moved closer to July 1, sources said, if both parties agree to do so

sources say the Spurs, to this point, are quietly operating under the assumption that Duncan and Popovich will indeed be back next season

The reliable ShamSports.com lists Duncan’s 2014-15 option at $10 million, but as the site accurately notes, the NBA prohibits option-year salaries from decreasing from the prior season. Duncan made $10,361,446 this season.

The NBA ratified Duncan’s contract, anyway. Maybe the league has to just let that stand, or maybe it can force the Spurs to raise Duncan’s option-year salary to equal his 2013-14 salary. It’s unclear.

Anyway, I doubt less than $400,000 makes a difference.

At or near $10 million is a pretty fair salary for Duncan at this point, and he if wants to return, he could just opt in. Or maybe he’d opt out to re-sign for less, giving San Antonio room to sign an impact free agent.

However, this option has little to do with whether Duncan returns. He could easily opt in and then retire later in the offseason, walking away from his guaranteed salary. The option, related to retirement, matters only if Duncan decides to extend the Spurs the courtesy of informing them on his future before opting in. Opting out would give him no more or less flexibility to retire.

Tony Parker and Manu Ginobili are under contract through next season. (As are Kawhi Leonard, Danny Green, Tiago Splitter, Marco Belinelli and Cory Joseph). I suspect everyone will come back for one more run.

Duncan could either opt in or opt out, but if he does the latter, plenty of doors remain open for him to return. It’s just one step in the process.

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?