Carmelo Anthony, D.J. Augustin

The Knicks can still trade Carmelo Anthony – if he lets them. Maybe he should.

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Carmelo Anthony is not long for the New York Knicks, it seems.

The Bulls, Rockets, Mavericks and Heat are circling. Phil Jackson and Derek Fisher couldn’t persuade him to play out the final year of his contract, and though their meeting with Melo went well, I bet Melo’s meeting with other suitors will also go well.

The writing is on the wall.

At minimum, Melo wants to become a free agent, and at that point, he could leave New York in the dust. But to do that, he’d have to leave more than $33 million on the table.

Maybe the Knicks and Melo could help each other avoid those undesirable outcomes by working together to trade the star.

Players can’t be traded after a season when they’ll become free agents or might become free agents due to an option that offseason. So, Melo is currently untradable because he holds an early termination option (the functional equivalent of a player option). But he can become tradable by amending his contract to remove the option, guaranteeing his deal extends through next season.

That essentially gives him power to approve any trade.

Like where the Knicks would send him? Waive the option.

Don’t like where the Knicks would send him? Refuse to waive the option.

A trade could allow Melo to make more money and the Knicks to guarantee themselves compensation, maybe even netting them a 2014 draft pick. If they want to pursue this route, the clock is ticking. Melo must decide on his option by Monday.

What’s in it for Melo?

As soon as Melo terminates his contract, he’s committing to a salary reduction for next season. His max starting salary as a free agent is $875,003 less than his option-year salary.

That’s a relative small amount to relinquish in order to secure a long-term contract – a max of more than $129 million re-signing with the Knicks or $95 million elsewhere.

But the $875,003 matters, because if Melo were to opt in, the value of a max deal he signs next summer would be determined by his salary this season. Comparing deals signed after playing out the option year to max deals signed this summer, he’d make $11.7 million more if he re-signs or $8.7 million more if he leaves – and don’t forget about the $ 23,333,405 he’d make this season.

Of course, there’s no guarantee Melo would command a max contract next offseason.

Melo is coming off the two best seasons of his career. He’ll definitely draw max offers now.

But he’s also 30, and most players begin to decline around this age.

If Melo wants to simply terminate his contract and secure a long-term deal while he knows he can get one, I definitely wouldn’t blame him. That’s the safe route and the one he seems set to travel.

However, if he wants to leave New York, agreeing to a trade would net him an extra $68 million – as long as he still gets a max contract in 2015. It’s a risk, but the reward exists.

The best money is in re-signing with your current team, and it’s not too late for Melo to change his current team.

It might be too late for him to get the “Dwight Howard treatment,” but Melo can still cause a stir this weekend.

Melo has never been a free agent. He signed an extension with the Nuggets and another extension when traded to the Knicks.

I think Melo wants teams woo him, to line up at his door and one-by-one make their pitches. No doubt, it would be a fun experience.

The Knicks have already started the process, and they can grant teams permission to negotiate with Melo as part of a trade. Remember, trade partners must sell Melo, because he’s untradable without his consent.

And why would he give consent to a trade rather than just signing with that new team in a month?

Here’s the most Melo could earn by terminating his contract (orange) or agreeing to a trade and then signing a new contract in 2015 (blue). Both scenarios show re-signing with his current team and leaving his current team.

Path 2015 2016 2017 2018 2019 2020 Total
Waive ETO for trade, re-sign $23,333,405 $24,500,075 $26,337,581 $28,175,087 $30,012,592 $31,850,098 $164,208,838
Waive ETO for trade, leave $23,333,405 $24,500,075 $25,602,579 $26,705,082 $27,807,585   $127,948,726
Exercise ETO, re-sign $22,458,402 $24,142,782 $25,827,162 $27,511,542 $29,195,922   $129,135,810
Exercise ETO, leave $22,458,402 $23,469,030 $24,479,658 $25,490,286     $95,897,375

The most Melo could make by leaving the Knicks now is $95,897,375

But if he gets traded to a new team and re-sign there in 2015, a new max contract would be worth $140,875,433 over five years – bringing his six-year total, including this year’s option salary, to $164,208,838.

And if Melo chooses poorly on where he’s traded now and wants to leave his next team in 2015, he could still get four years and $104,615,321 on a max contract – a total of $127,948,726 with this year’s option salary.

Again, deferring a new contract for a year carries major risk. That’s offset by a small bump in guaranteed salary next season and the potential for an even larger payday as a free agent next year than he could get this year. But it is a gamble.

What’s in it for the Knicks? 

If the Knicks lose Melo, they’d like something in return.

They’ll obviously have to weigh the odds he walks as a free agent, the possibility of a sign-and-trade and and what they’re offered in a trade before June 23. But that equation is increasingly pointing to trying to trade him now.

The first step would be granting other teams permission to pitch Melo. After all, he must consent to a deal by waiving his early-termination option.

Simultaneously, New York would negotiate with potential trader partners. Unlike a sign-and-trade, which couldn’t happen until July, this type of trade could land the Knicks a first-round pick in next week’s draft. If they’re rebuilding without Melo, it would be extremely helpful to begin that process now rather than wasting a year.

Finding a workable trade will be difficult, because the team trading for Melo gets him for only one year guaranteed. That will limit New York’s return, but something is better than nothing.

Making matters more difficult is the current trade climate. 

It’s still technically the 2013-14 season through June 30, so 2013-14 salaries are used in trades. Though several teams can easily create cap space when the clock turns over to 2014-15 in July, few have space now.

Plus, because teams can’t trade players who will become free agents this summer or might become free agents due to an option, a ton of players are off the table. The Heat, with only Norris Cole and Justin Hamilton available to deal, would be completely out of the picture in these discussions.

And nearly everyone with a player option has veto power. The standard deadline for a player option or early-termination option is June 30, so as Melo must agree to a deal, so must nearly any player who holds one of those options.

Want to go to New York? Remove the option now. Don’t want to go to New York? Wait to opt in until after Melo’s early deadline.

Because of these restrictions, trades can be very difficult to cobble together. Here are a few examples of what could work:

  • Bulls: Melo for Carlos Boozer, Ronnie Brewer, Lou Amundson, No. 16 and No. 19 picks in 2014 draft
  • Rockets: Melo for Jeremy Lin, Omer Asik, No. 25 pick in 2014 draft, 2016 first-round pick
  • Mavericks: Melo and Raymond Felton for Jose Calderon, Brandan Wright, Samuel Dalembert, Wayne Ellington, Shane Larkin, Jae Crowder, 2016 first-round pick, 2018 first-round pick
  • Warriors: Melo for David Lee, Harrison Barnes, Draymond Green
  • Celtics: Melo for Jeff Green, Keith Bogans, Joel Anthony, No. 6 pick in 2014 draft

What’s in it for the trade partner?

Well, you get Melo, one of the NBA’s best scorers.

That’s not without risk, though.

If those above offers seem low, it’s because a team acquiring Melo this way would get him for only one year before he becomes a free agent. That should be a concern, but not as large as it might initially appear.

By agreeing to a trade, Melo would be signaling his interest in re-signing with his new team. Plus, his new team can offer him more money in 2015 free agency than anyone else. It would be relationship set up to succeed.

No team should trade for Melo unless it plans to re-sign him next summer, but if everything goes south quickly, his new team could always flip him before the trade deadline and cut its losses.

Will it happen?

Probably not.

There are a lot moving parts. The Knicks, another team and Melo must all satisfy each other to reach a deal – and there isn’t much time left.

But in all the Melo options being discussed, a trade is overlooked. It’s worth examining.

If, after this process, Melo wanted to stay with the Knicks, he could either terminate his contract and re-sign for $129 million or opt in and then re-sign for up to $164 million. He’s previously ruled out the second option, but that was probably at least partially based on the desire to explore his options. With his options explored in this scenario, maybe he takes his chances on staying in Ne York and earning a larger payday next year.

There’s really no risk in Melo and the Knicks pursuing a trade now. If they don’t find a suitable deal, Melo can opt out Monday as originally planned and hit the ground running in free agency come July 1.

But for the potential of an extra $68 million to Melo and a 2014 draft pick for New York, it’s probably worth the effort to try to find a deal.

Timberwolves purchase Iowa Energy D-League team

Fort Wayne Mad Ants v Santa Cruz Warriors - 2015 D-League Finals Game Two
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MINNEAPOLIS (AP) The Minnesota Timberwolves have purchased the Iowa Energy and will begin a direct affiliation with the NBA Development League team next season.

The Timberwolves announced the agreement on Monday. Owner Glen Taylor is purchasing the team, which previously had a hybrid partnership with the Memphis Grizzlies. The Wolves will become the 18th NBA team to have a direct affiliation with a D-League team.

It’s a growing trend across the league for franchises to use the minor league teams to help develop young players, coaches and executives and help players rehab injuries.

The Timberwolves were looking for a team close to the Twin Cities to allow for easy back-and-forth travel. Energy owner Jed Kaplan will remain with the team and partner with Taylor.

Denver reportedly claimed Mo Williams off waivers. Again. Then will waive him. Again.

CLEVELAND, OH - JUNE 22:  Mo Williams #52 of the Cleveland Cavaliers looks on during the Cleveland Cavaliers 2016 NBA Championship victory parade and rally on June 22, 2016 in Cleveland, Ohio.  (Photo by Mike Lawrie/Getty Images)
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This is starting to make Vanilla Sky easy to follow.

It’s all about the dead-money contract of Mo Williams, and the Sixers and Nuggets trying to save a few bucks. Everything starts with Williams being owed $2.2 million this season, however, he decided he didn’t want to play anymore and didn’t show up to Cleveland’s training camp. The Cavaliers kept Williams on the roster — and more importantly the financial books — in case they could use his salary in a trade. Which they did, shipping him to Atlanta as part of the Kyle Korver deal. Atlanta quickly traded Williams to Denver, because the Nuggets wanted to add $2.2 million to their payroll and bring them closer to the salary floor. However, the Nuggets didn’t want him on the roster, so they waived him. Then the Philadephia 76ers claimed Williams off waivers — that moved them closer to the salary floor and negated the Nuggets savings. But we’re not done yet, the Sixers didn’t want Williams soaking up a roster spot, so they waived him.

And now we’re back in Denver, reports Marc Stein of ESPN.

That would be Alonzo Gee, who they have already signed to one 10-day contract (he can have two before Denver has to make a decision on keeping him).

Why are Denver and Philly doing this? To save a little money. The NBA doesn’t just have a salary cap, it has a salary floor that is 90 percent of the cap, which means this season it is $84.7 million. Teams that don’t reach the floor — and with the fast rise in the salary cap last summer, there are a few teams in this boat — have to pay the players on the roster the money they are short of the floor (for example, if a team is $10 million, short of the floor, the $10 million gets divided up among the players on the roster). For Denver, they can shave $2.2 million off that bill by being the last team to waive Williams. Philly wanted the same thing.

Salary cap guy Albert Nahmad explained on Twitter who saved how much with all these deals.

Will Philly just claim Williams again? They can, Nahmad explained why they probably will not.

What would be funny now is another team to step in and claim Williams. Okay, it’s not really that funny.

Report: Magic offered first-round pick, Nikola Vucevic to Heat for Goran Dragic

ORLANDO, FL - OCTOBER 26: Goran Dragic #7 of the Miami Heat goes to the basket against Elfrid Payton #4 of the Orlando Magic on opening night on October 26, 2016 at Amway Center in Orlando, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Manuela Davies/Getty Images)
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We already knew the Magic were interested in Heat point guard Goran Dragic.

Orlando has an excess of power forwards and centers (or players who should be at those positions) – Serge Ibaka, Bismack Biyombo, Nikola Vucevic, Aaron Gordon, Jeff Green – and have been better with an offense-first D.J. Augustin starting and Elfrid Payton coming off the bench. Dealing a big man for Dragic would be logical.

This isn’t that.

Marc Stein of ESPN:

Orlando, according to league sources, recently tried to engage Miami on a Goran Dragic deal in which the Magic were said to be offering center Nikola Vucevic and a future first-round pick.

Dragic is on the wrong side of 30 and due more than $54 million over the next three years. The Magic are 18-28, 4.5 games and four teams out of playoff position.

Why would they want a player like Dragic?

Orlando should focus on building for future seasons, which means not swapping first-round picks for veterans. There will probably be better avenues for a point guard upgrade offseason. If not, the Magic can always get a solid point guard for one of its bigs and a first-rounder. There should be no rush to pursue a deal like that now, because a late playoff push is impractical.

Perhaps, the protections on the pick are strong enough to make this deal palatable for Orlando. But this just reeks of general manager Rob Hennigan mortgaging the future to show progress now, even if that’s foolish for the organization.

Miller family transfers ownership of Jazz to trust that will keep team in Utah

SALT LAKE CITY, UT - NOVEMBER 4: General view of the former EnergySolutions Arena which has been renamed Vivint Smart Home Arena, where the Portland Trail Blazers will play the Utah Jazz on November 4, 2015 in Salt Lake City, Utah. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Gene Sweeney Jr/Getty Images)
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Since Larry Miller died back in 2009, there have been some around the league that thought the Jazz might eventually be sold out of the family, most likely to an owner looking to move them out of Utah. The Miller family has denied that vehemently, and there has been not even a step that direction, but it’s easier to kill Freddy Krueger than an NBA rumor.

Monday, the Miller family killed that rumor for good, taking an unprecedented step that will keep the Jazz in Utah for a long, long, time.

Gail Miller has transferred ownership of the Utah Jazz and Vivint Smart Home Arena into a Legacy Trust that will keep the Jazz in Utah for what she said would be “generations.”

“As a family, we have always considered the Utah Jazz a community asset and it has been our privilege to serve as stewards of this team for more than 30 years,” Miller said. “There have been many opportunities to sell and move the franchise, but from the day Larry and I purchased the Jazz our goal was to keep the team in Utah. The Legacy Trust will help to ensure this commitment is kept for generations to come.”

The Miller family will continue to manage the trust (along with a board of directors) as well as the Jazz the organization. However, the Miller family will not profit from the running of the team as it had before. That eliminates the profit motive for selling the Jazz.

“As a family and company, we have always been committed to doing things the right way and working to achieve our mission of enriching lives and giving back,” said Miller. “This trust and our new corporate structure will continue this important legacy in perpetuity and represents our commitment and deep love for the State of Utah.”

Jody Genessy, Jazz writer for the Deseret News, added these notes from the press conference for the announcement.

This is a huge win for the fans in Utah. It’s also a win for the NBA — billionaires buying up teams with the promise/idea of moving them is not good optics for the league. Adam Silver has favored stability (he was one of the key reasons the Kings are still in Sacramento), and this is a step in that direction.