Report: Lance Stephenson’s camp viewed five-year offer from Pacers as ‘an albatross’

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The initial offer from the Pacers to Lance Stephenson in free agency was for five years and $44 million guaranteed, which may not seem too bad on the surface.

But for a variety of reasons, it wasn’t even under consideration by Stephenson’s camp, and he rejected it immediately before looking elsewhere.

Indiana continued to sign other players while waiting on Stephenson, but those moves only made it less likely he’d be back, considering that precious salary cap dollars were being taken away by those deals, and so any new offer that the Pacers came up with would have had to have been for less than the initial one, barring a gutting of some of the team’s additional players.

Even setting all of that aside, the original offer was the primary issue.

From Candace Buckner of the Indianapolis Star:

The agreement with the Hornets comes after the Pacers had offered “a couple of options” to Stephenson, according to his agent Alberto Ebanks. One option involved more up front money but less overall and the higher of the offers was a five-year deal – an albatross in the view of Stephenson’s camp – worth $44 million.

“It wasn’t really about the money,” Ebanks said. “(But) If it’s going to be too little then don’t let it be too long because you’re losing on both ends. …

“We’re betting on Lance and not against Lance. So if he had to take a little bit less, he was willing to do that. But you don’t want to take a little bit less and play your entire basketball prime, the next five years for a lower amount of money. If you’re going to take less, take less for a less amount of time then hit reset. … and enter the free agent market.”

For that last reason, the five-year deal was completely one-sided in favor of the Pacers.

Stephenson has certainly had his issues, most recently being a distraction more than he was an asset against LeBron James and the Miami Heat in the Eastern Conference Finals, and doing so on more than one occasion. But overall, he made a leap from a production standpoint last year, and was instrumental in helping Indiana get off to a strong start, especially during the first half of the season.

A five-year contract that paid him less than $9 million per year in total (remember, guys like Avery Bradley are getting $8 million per year in this market) was a semi-slap in the face. It was apparently treated as one by Stephenson’s team, who didn’t even give the Pacers a chance to match the offer that was ultimately accepted in Charlotte.

Suns’ Dudley has surgery on left toe ligament and bone

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PHOENIX (AP) Phoenix Suns forward Jared Dudley has undergone a left toe ligament and bone procedure.

The Suns issued a statement on Tuesday saying Dudley had surgery last Friday and is expected to return to full basketball activities in 3-4 months.

The 31-year-old averaged 6.8 points and 3.5 rebounds in 64 games with Phoenix last season. Dudley is in his sixth season and second stint with the Suns. He has two years and nearly $20 million left on his contract.

Dudley has career averages of 8.3 points and 3.4 rebounds in 10 NBA seasons.

Report: Knicks owner James Dolan expected to part ways with Phil Jackson Wednesday

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Kristaps Porzingis skipped his exit meeting with the Knicks to express his frustration with the way the organization is being run. He is spending the summer working out in Latvia rather than the Knicks’ facilities. If a franchise cornerstone, unicorn of a player skipped the exit meeting with 29 other franchises, the team president and GM would have been knocking on his door the next morning looking to talk about his concerns, listen, and make a guy the team should be building around feels appreciated and listened to.

Instead, Phil Jackson took it as a slight and threatened to trade Porzingis to send a message.

Add that to a treatment of Carmelo Anthony that has free agents seeing the Knicks as a refuge of last resort, not to mention forcing the triangle offense on players who do not want, and there’s a lot of reasons to question Phil Jackson’s leadership of the Knicks.

All of that has James Dolan, the Knicks owner, ready to let go of Jackson and make a change, something first reported by Adrian Wojnarowski of The Vertical at Yahoo Sports. The move will be sold as a mutual parting of the ways, which is true in the sense that Jackson started to realize in the past week what was about to go down and made it so.

The New York Knicks are planning to part ways with embattled President of Basketball Operations Phil Jackson later this morning, league sources told The Vertical.

Owner James Dolan has been weighing Jackson’s future role running the franchise and seriously considering his dismissal despite two years and $24 million-plus left on his contract, league sources told The Vertical….

Dolan has become increasingly concerned about Jackson’s fitness for the job and the long-term prospects of success for the franchise, especially in the aftermath of Jackson entertaining trades for Kristaps Porzingis, the franchise’s 21-year-old burgeoning star, league sources told The Vertical.

Ramona Shelburne of ESPN added:

Conversations about what was best for the team’s future between Jackson and Knicks owner James Dolan accelerated this week when the franchise decided it would not buy out embattled forward Carmelo Anthony, sources said….

It had become clear, sources said, that Jackson had no plans to remain beyond the two years left on the five-year contract he initially signed in 2014. So with no clear path forward from the toxic situation with Anthony, a constant public relations war over Jackson’s preferred triangle offense, and new concerns about the organization’s relationship with Latvian phenom and 2015 No. 4 overall pick Kristaps Porzingis, sources said it was clear things had reached a breaking point by the eve of free agency.

How are Knicks fans reacting?

HALLELUJAH.

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With free agency starting in just days, the timing of this is tough, but frankly, the Knicks stand a better chance of landing free agents without Jackson in the mix. Expect current GM and trusted Dolan confidante Steve Mills to get the job temporarily.

When Jackson took over the Knicks it was hoped that for $12 million a year he could keep James Dolan at arm’s length from basketball decisions — he has done that — and that he would finally provide a direction and for the Knicks. The latter part has not happened. He hired Derek Fisher as coach, who realized the Knicks were not ready to run the triangle so he tried to run a hybrid offense, but that never clicked. Fisher also never clicked with the players, and got into a spat with Matt Barnes that was very public. Fisher was let go and Jeff Hornacek was brought in to run his more modern, up-tempo offense, but then he was given Derrick Rose and Joakim Noah to go with the aging Anthony, with little else but Porzingis around them, and that didn’t work. Now the Knicks are back to the triangle, and players are not happy.

Jackson is unquestionably one of the great coaches the game has ever seen, a man with a great basketball mind, but the skills of coaching and the skills of running basketball operations are different things.

You can say it’s time for the Knicks to move on from Jackson but If not Jackson, then who?

Go ahead and joke that “anybody is better” but we have seen Dolan’s hires before and know that’s not true. Isiah Thomas is still out there. Much like Dan Gilbert in Cleveland, you don’t want to just fire your GM at this point of the year unless you have the next guy lined up. Does anyone believe Dolan has thought that far ahead? There are plenty of quality candidates, including the released David Griffin from Cleveland, but how fast can the Knicks get a man with a plan in place.

Still, this is a good thing for the franchise. The timing of it is just very Knicks.

Report: Rockets becoming “increasingly serious threat” to sign Chris Paul

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The Houston Rockets are one of only a handful of teams in the NBA with a legitimate ability to add a couple of key pieces and try to make a run at the Golden State Warriors.

Chris Paul would be that kind of piece, and the Rockets are ramping up efforts to land him.

From Marc Stein of ESPN.

The Houston Rockets have emerged as an increasingly serious threat in the chase for soon-to-be free agent Chris Paul, according to league sources.

The Rockets still have work to do in terms of clearing sufficient salary-cap space to make a representative offer for Paul, but sources told ESPN that Houston star James Harden has been advocating hard in favor of the Paul pursuit and has made his interest in teaming with the Los Angeles Clippers’ point guard known directly to Paul.

Sources say Houston also remains at the heart of the trade hunt to acquire Paul George from the Indiana Pacers, despite the fact George is only under contract through next season and is known to be angling to sign with his hometown Los Angeles Lakers in July 2018.

The challenge in all of this is the Rockets have just about $10 million in cap space this summer, which is about a third of what it will take to land Chris Paul. That means they need to trade Ryan Anderson and his $19.6 million owed next season and take no salary back, and while there are a few teams in a position to be able to take on that salary — Philadephia, Brooklyn, Sacramento and others — they are going to want a young player or first-round pick as a sweetener. The Rockets also are considering moving Lou Williams and his $7 million salary, or Patrick Beverley and his $5.5 million. However, even moving both of the later two is not getting near the salary Paul will demand.

Chris Paul met with the Clippers front office on Tuesday to talk about the future, but he’s expected to meet with a number of teams in free agency, with the Rockets and Spurs being key suitors. The question is, will any of these teams bring him closer to toppling the Golden State Warriors, and is it worth it to take less money for that chance? Especially after he got the CBA changed so that as of July 1 the “over 36” rule becomes the “over 38 rule” so the Clippers can give him one more five-year max contract.

How much will Dion Waiters earn as a free agent?

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Dion Waiters had the best season of his career last year at age 25 in Miami. The Heat pushed Waiters to get in the best shape of his life (just check out his Instagram), and combine that with the fact that Justise Winslow went down Waiters got the ball in his hands more with a chance to create for himself, and you had a little rush of scoring. He’s still not the most efficient player ever (to be kind), but he’s close to average.

Waiters opted out of his $3.2 million he is owed next season, and he is now a free agent. How much is he will he get now on the open market? Barry Jackson of the Miami Herald wrote this:

One scout said he would be surprised if the bidding for Waiters soars much above $10 million, if that, because of his small sample size of high-level play this past season. One prominent agent who does not represent Waiters predicted he would get $8 million to $10 million annually.

That number seems about right, if it’s a two-year deal (or a team option on the third year). The league average salary will be around $8.5 million, and that’s where Waiters should fall next year.

Whether Miami has that money to spend comes down to whether they land a big free agent such as Gordon Hayward or Blake Griffin (both max guys). If so, the Heat will not have the money, and what they do have would be more focused on keeping James Johnson. However, if the Heat strike out then Waiters could be back in Miami.

One way or another Waiters is going to get a raise. That doesn’t mean teams are not still leery.