Mavericks give Rockets Chandler Parsons offer sheet

11 Comments

Update: I guess the Mavericks didn’t need until midnight.

Sam Amick of USA Today:

If Parsons’ contract is accurately reported and my math is correct, this means the Dirk Nowitzki signing is official.

 

Chandler Parsons and Mark Cuban might have celebrated prematurely last night.

Though Parsons and the Mavericks have reportedly agreed on terms to an offer sheet, they haven’t yet officially submitted it.

Parsons has probably signed it. There’s even video of him doing so in the club:

But Dallas hasn’t yet submitted it and started the Rockets’ 72-hour clock.

Dwain Price of the Fort Worth Star-Telegram:

Why the delay?

Daryl Morey is already pressed for time. He must salvage the Omer Asik trade, finalize the Jeremy Lin trade – all to convince Chris Bosh to accept less than a max offer.

By holding off, the Mavericks are essentially doing Houston a favor. Why would they do that?

I see two non-mutually exclusive possibilities.

1. A sign-and-trade is on the table.

Mavericks general manager Donnie Nelson acknowledges that’s a possibility:

The Mavericks obviously value Parsons a lot. They’re willing to pay him all that money. But do they value him enough to also relinquish an asset to ensure they get him? At some point, Parsons’ production doesn’t warrant the cost.

From the Rockets’ perspective, taking back anything more than small contracts could interfere with their pursuit of Bosh. Maybe they can snag draft picks from Dallas, but see the previous paragraph.

I can’t rule out a sign-and-trade, but there are major roadblocks.

Once Parsons signs an offer sheet, a sign-and-trade is no longer possible. It behooves Morey to prolong sign-and-trades negotiations, giving himself more time to handle everything else on his plate.

2. The Mavericks can’t yet offer Parsons his promised money.

How much is Parsons guaranteed over his three-year contract? I’ve seen slightly different numbers.

Marc Stein of ESPN called it “in excess of $45 million.” Adrian Wojnarowski of Yahoo Sports said “$46 million.”

We’re in the range of Parsons’ max contract, which would be $46,228,710. I’m sure rounding factors in these reports, but I have yet to see someone credibly call Parsons’ offer a “max offer.”

Anyway, prior to agreeing to terms with Parsons, Dallas reached a three-year, $30 million deal with Dirk Nowitzki and agreed to re-sign Devin Harris. Most reports list Harris’ contract as worth $9 million over three years. Price has it $12 million over three years. For now, I’ll go with $9 million.

If Nowitzki’s and Harris’ contracts are fully back-loaded, the Mavericks could offer Parsons $44,413,545. If they take the relatively painless step of renouncing Petteri Koponen – the No. 30 pick in the 2007 draft who has yet to play in the NBA – they could increase their Parsons offer to $45,680,286.

That’s right in the range of what has been reported.

However, that requires Nowitzki to sign his contract first. Signing him with bird rights is the only way he can get 7.5 percent, rather than 4.5, raises. If the Mavericks renounce Nowitzki to sign Parsons first, even with renouncing Koponen, they could offer Parsons only $44,805,401 while preserving enough room to give Nowitzki his promised $30 million.

In other words, the Mavericks must wait to finalize Nowitzki’s contract before submitting Parsons’ offer sheet. In the real world, that could take time. Nelson confirms Nowitzki has yet to sign:

And if Harris’ promised contract is actually $12 million, forget about it. Drop Parsons’ three-year salary to $42,545,286. That would mean either the reports on Parsons’ salary are really off, or the Mavericks must make other moves. I figure they’d have those contingencies arranged before offering Parsons, but they also might be giving themselves an extra day to seek better trades for their expendable players (Raymond Felton, Brandan Wright,Jae Crowder,Ricky Ledo

and Gal Mekel) than would already be in place.

If Harris is getting only $9 million, though, that aspect isn’t a worry. Officially signing Nowitzki first matters, though.

So, once the Mavericks get all their ducks in a row, then what?

Jonathan Feigen of the Houston Chronicle:

 

The Rockets must figure out how everything comes together. Tonight, Dallas will likely put them on the clock to do so.

Chris Paul’s free agency decision becomes a documentary

Associated Press
Leave a comment

ASSOCIATED PRESS — Chris Paul had a new home in Los Angeles and the potential for a $200 million contract if he stayed with the Clippers.

He also had reason to doubt a championship would ever come there.

So sometime between walking off the floor after a Game 7 loss with the Clippers last spring and walking back onto it Tuesday night in a Houston Rockets uniform, Paul decided he needed to pack up his family and try for a title elsewhere.

“I just felt that it was time,” Paul said.

His free agency process and decision is the subject of a three-part documentary series titled “Chris Paul’s Chapter 3” that debuts Thursday on ESPN.

The first episode shows Paul’s frustration following the Clippers’ ouster against Utah in the first round of the Western Conference playoffs and his questioning the Clippers’ culture. He had helped them become a perennial playoff team since his arrival in 2011, but not one that ever seriously contended for a title,

“Somewhere, I don’t know when it was – I’m not a saint by any means, it could have a lot do to with me also – but we just weren’t having as much fun,” he said.

He talked with his family and business partners about possibilities with Boston and San Antonio – where he feared Gregg Popovich might only coach for a couple more years – and visited music mogul Jay-Z and Disney CEO Bob Iger for their advice. He began to view Houston as the best option and eventually accepted a trade in late June, agreeing to opt in for the final year of his contract and delaying free agency until next summer.

All that after he had bought a house in Los Angeles across the street from Clippers teammate Paul Pierce, moving his in-laws in last January.

“Truthfully, I didn’t think there was no way that Chris would leave the Clippers,” said Pierce, now retired and an ESPN analyst. “He really built up something special, you know, with getting the Clippers back to being legitimate, make the playoffs every year, (winning) 55 games. He just bought a new home like less than a year ago. He had a $200 million offer on the table. So that really shocked me that he would leave.”

Paul never planned for his first real foray into free agency to become public.

“When it all came together and we saw how it looked it was like, man this would be cool to tell the story of how it’s not just cut and dry, you just pick a team,” Paul said. “We showed the move and everything that goes into it.”

Paul laments having to always have the ball in his hands in Los Angeles – which won’t be a problem alongside James Harden in Houston. And he worries about having to move his two young children, eventually telling his son he can’t go do his job without him. And after they finally move, Hurricane Harvey devastates Houston, a focus of the second episode.

“We are constantly looking for opportunities to bring fans closer to athletes in order to better understand their experience. In this series, Chris Paul gives fans a truly unprecedented look at his free agent decision-making process and how he thinks about both his basketball career and his life off the court,” said Connor Schell, ESPN executive vice president of content.

All three episodes will be available on the ESPN App and on-demand beginning Friday. They will then air next Tuesday from 8-9:30 p.m. EDT on ESPN.

Paul said he learned a lot about the free agency process – but would love to avoid having to do it again next summer.

“In a perfect world you win a championship and there’s nothing to even talk about,” he said.

 

Bulls claim PG Kay Felder off waivers

Jason Miller/Getty Images
Leave a comment

The Bulls’ point-guard position is a quagmire.

Kris Dunn and Cameron Payne are both injured (and not necessarily good). Jerian Grant is maybe an adequate backup pressed into starting. Ryan Arcidiacono is on a two-way contract.

Enter Kay Felder.

Bulls release:

The Chicago Bulls announced today that the team has waived forward Jarell Eddie and center Diamond Stone, and claimed guard Kay Felder off waivers.

Felder was waived by the Hawks, who acquired him in a salary-dump trade from the Cavaliers. Cleveland drafted Felder No. 54 last year, but ran out of roster spots this year.

Felder is only a moderate prospect. He impressed in the D-League, but at 5-foot-9, he has significant limitations. (His size also makes him incredibly fun to watch when he gets rolling.)

For Chicago, he’s a quite-noteworthy addition.

LeBron James: ‘I still got Pandora with commercials’

2 Comments

Dwyane Wade revealed last year that LeBron James refuses to use his phone internationally unless he’s on Wi-Fi.

LeBron’s friend and new Cavaliers teammate again brought up that claim, and LeBron confirmed – then went even further about his own cheapness.

LeBron in a joint interview with Wade on ESPN:

No. I’m not doing that. I’m not turning on data roaming. I’m not buying no apps. I still got Pandora with commercials.

LeBron – he’s just like us!

As funny as that line is, keep watching to see LeBron hilariously explain how his hairline affects his interviews.

PBT Extra: LeBron as MVP and other NBA postseason award predictions

1 Comment

Last year, Russell Westbrook had a historic season on his way to the MVP award, with James Harden and Kawhi Leonard right on his heels. But heading into this season, the dynamic for MVP — and many of the NBA awards — feels very different and wide open.

In this latest PBT Extra, I lay out my preseason predictions for every award — LeBron James for MVP, Ben Simmons for Rookie of the Year, and on down the list. There are a few leaps and surprises in there (predicting Most Improved or Sixth Man before the season is a crap shoot, so why not gamble).

Now the predictions season is over, let’s get on to the games.