Atlanta Hawks v Miami Heat

UPDATE: Dwyane Wade’s has signed two-year contract with Heat

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UPDATE 4:43 pm: The Miami Heat have made it official, Wade has re-signed in Miami.

“Dwyane has been the franchise cornerstone for this team since the day he arrived 11 years ago,” said Heat President Pat Riley in a released statement. “He has shown his commitment to the Heat many times over the course of his career and has always been willing to sacrifice in order to help build this team into a champion. This time is no different. I am ecstatic to have him back in the fold and I am confident that Dwyane, as always, will be leading this team as we look to contend for NBA Championships.”

“I am proud to have spent every single day of my career as a member of the Miami Heat and to have brought three championship titles to this great city,” Wade said in his statement. “I’ve been here through the good times and the hard times. I have confidence in the Miami Heat organization and the team they are building. To all the Heat fans, in Miami and around the world, I know you will continue to show support for our team.”

Wade’s deal is two seasons starting at more than $16 million per year, with a player option on the second year.

2:23 pm: Dwyane Wade made the announcement himself on Instagram, in a way to contrast it from the guy who bolted town.

Home Is Where The Heart Is… My Home,My City,My House..#HeatLifer

We told you Wade was close to a deal with the Heat. Multiple reports confirm the deal is now done.

The deal appears to be for two years at $15 million a year, with a player player option after the first year.

Is Dwyane Wade and his knees worth that kind of money now? In the strict “would I pay a free agent from another team that?” sense no. Wade still produces when on the court, scoring 19 points a game with a very good .588 true shooting percentage and a PER of 22. But he only played in 54 games last season as part of a “knee maintenance program” and he still was slowed by the Finals, his explosiveness gone.

But it’s not about on the court, it’s about him being the face of Heat basketball for more than a decade. It’s about loyalty. It’s about rewarding/thanking him for that service. It’s about taking care of family. For the Heat and Pat Riley, they believe that if you take care of players like this other players (and their agents) see that and want to be part of that kind of organization. It’s part of what is behind Kobe Bryant’s contract with the Lakers (although the money he still draws in there impacts that decision as well).

Charles Oakley plans to attend Knicks game in Cleveland

FILE - In this Jan. 20, 2011 photo, then-Charlotte Bobcats assistant coach and former New York Knicks star Charles Oakley directs players in the first half of an NBA basketball game against the Philadelphia 76ers in Charlotte, N.C.  Oakley was forcefully removed from his seats at Madison Square Garden and arrested after an altercation near team owner James Dolan. Oakley shoved security guards before they pulled him away from his seat behind the baseline during the first quarter of the Knicks' 119-115 loss to the Los Angeles Clippers on Wednesday night, Feb. 8, 2017. (AP Photo/Chuck Burton, File)
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Charles Oakley might not be welcome at Knicks games in New York.

Knicks games in Cleveland? I suspect he’ll get a different reception.

Ian Begley of ESPN:

Charles Oakley plans to attend New York’s road game against the Cleveland Cavaliers on Thursday night, the former Knicks player told ESPN’s Jeff Goodman.

Oakley, a Cleveland native, has grown close with the Cavaliers. LeBron James particularly backed Oakley in his dispute with Knicks owner Jim Dolan.

To be clear, Oakley’s feud is more with Dolan than the Knicks, Oakley’s former team. So, assuming Dolan doesn’t attend tonight’s game, this won’t into the fireworks we saw at the last Knicks game Oakley attended.

It’ll just be a chance for more people outside Dolan’s payroll to embrace Oakley.

Paul George says he was in dark as trade rumors swirled, “thought I would have been in the loop”

NEW ORLEANS, LA - FEBRUARY 18:  Paul George #13 of the Indiana Pacers greets fans prior to practice for the 2017 NBA All-Star Game at the Mercedes-Benz Superdome on February 18, 2017 in New Orleans, Louisiana.  (Photo by Ronald Martinez/Getty Images)
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If your goal over the next few months is to make your star player happy, build a contender around him, and convince him he wants to be here as a free agent in 2018, the Pacers got off to a rocky start Thursday.

George had been linked to the Celtics, while teams such as Denver and Atlanta made runs at him. It was a swirling vortex of rumors with a lot of “will the Pacers pull the trigger or not” intrigue.

What was it like to be in the middle of that? George wouldn’t exactly know, he was learning of things when we were, and he sounded a little ticked when talking about it to the media Thursday.

Damn.

Those rumors you hear about George going to the Lakers as a free agent in 2018 have some real weight behind them, much of the league thinks that could well happen (2018 is a long way off, but other teams that would like to get in the conversation think that’s PG’s intention).

The Pacers need to change his mind, and it sounds like the first step was in the wrong direction.

Hawks trade Mike Scott to Suns

ATLANTA, GA - SEPTEMBER 26:  Mike Scott #32 of the Atlanta Hawks poses during media day on September 26, 2016 in Atlanta, Georgia.  (Photo by Kevin C. Cox/Getty Images)
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The Hawks wanted a stretch four to back up Paul Millsap and likely spend time with Dwight Howard.

Realizing its roster lacked an adequate one, Atlanta traded for Ersan Ilyasova.

The stretch four the Hawks already had — Mike Scott — has barely played this seasonand looked lousy when he has, shooting just 4-for-27 on 3-pointers ((15%).

Hawks release:

The Atlanta Hawks Basketball Club has acquired a protected second-round draft pick from the Phoenix Suns in exchange for Mike Scott, the draft rights to Cenk Akyol and cash considerations, it was announced today by President of Basketball Operations/Head Coach Mike Budenholzer.

Money was the driving force behind this trade.

The Suns can count Scott’s entire salary ($3,333,334) toward the floor while paying only the prorated portion remaining ($941,177). So, Phoenix saves the difference ($2,392,157) and gets whatever cash Atlanta sent.

Presumably, the Hawks included an amount less than they would’ve had to pay just to waive Scott themselves ($3,333,334).

The Suns can undertake a reclamation project on Scott. Or they could just waive him. The 28-year-old looks pretty wayward.

Phoenix also gets Akyol as another nearly valueless piece. The window for Akyol, the No. 59 pick in 2005, to join the NBA is rapidly closing, if it hasn’t already. He’ll turn 30 in April.

Even in the likely event Scott and Akyol amount to nothing for the Suns, they still get the financial benefits. And so do the Hawks.

Magic Johnson’s Lakers trade for point guard: Tyler Ennis from Rockets

LOS ANGELES, CA - OCTOBER 26:  Jordan Clarkson #6 of the Los Angeles Lakers scores on his layup as he is fouled by Tyler Ennis #6 of the Houston Rockets during a 120-114 season opening win at Staples Center on October 26, 2016 in Los Angeles, California.  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 Harry How/Getty Images)
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Has legendary Lakers point guard Magic Johnson found someone to follow in his footsteps?

Almost certainly not.

But, in his second trade with the Rockets since taking over the Lakers’ front office this week, Johnson found a point guard to take a flier on: Tyler Ennis, who was exchanged for Marcelo Huertas.

Adrian Wojnarowski of Yahoo Sports:

The Los Angeles Lakers have acquired guard Tyler Ennis from the Houston Rockets, league sources told The Vertical.

The Lakers sent guard Marcelo Huertas to Houston in exchange for Ennis, sources said. The Rockets will waive Huertas.

Ennis was the No. 18 pick in the 2014 draft. But he has just looked over his head in three NBA seasons with the Suns, Bucks and Rockets. There’s a reason the Lakers got him so cheap. It’s unlikely he’ll stick in the NBA, and D'Angelo Russell is clearly still the franchise point guard.

Still, point guards tend to develop late, and Ennis is just 22. There’s always a chance he’ll rediscover the court vision he displayed at Syracuse.

The Lakers will hope he plays better — just not too much better. Because his fourth-year team-option was declined, they can re-sign him for a starting salary up to just $3,066,713 (what he would’ve earned, with the rookie-scale adjustment under the new Collective Bargaining Agreement, if his option had been exercised).

Also in the final guaranteed year of his contract, Huertas is making $233,880 more than Ennis. That’s not much, but if the Rockets were going to waive Ennis anyway — this trade suggests they were — why not save that money?

The 33-year-old Huertas likely drops out of the NBA. He already fell out of the Lakers’ rotation.

And with that spot open and a little extra money to spend — including more from the K.J. McDaniels trade — Houston can be a player in the post-buyout market as it revs up for a playoff run.