Tag: Chris Bosh

via @MGortat

Free agency signing period opens: Spencer Hawes, Marcin Gortat among first to put ink to paper


While free agency in the NBA has been in full swing since July 1, players and teams could only reach agreements up until now. Handshake deals.

Starting July 10 those handshakes turn into signed contracts.

Here is a list of who signed where, as of now (these are not rumors, just done deals with ink on paper). We will continue to update this list as deals get announced.

• The Cleveland Cavaliers have made announcement — Kyrie Irving has officially signed his max five year extension. What, you were expecting something else?

• The three-team Cavaliers trade that frees them up enough money to give LeBron James a max contract has gone through, the Cavaliers announced. Brooklyn gets Jarrett Jack and Sergey Karasev, the Celtics get Tyler Zeller and the Cavs’ 2016 first round pick (top 10 protected), while the Cavaliers get cap space as well as Boston’s 2015 second round pick (top 55 protected) and the rights to Ilkan Karaman and Edin Bavcic.

• Chandler Parsons was hanging out in a club with Mark Cuban and some other random guys, and signed the paperwork on his offer sheet with Dallas. Got to love that Cuban did that in a club. The two sides talked sign-and-trade for a while but that fell apart and the Rockets now have the offer sheet in hand. That means the clock is ticking at 72 hours to match — if they want to sign Chris Bosh and match Parsons the Rockets have a lot of moves to make very quickly (and they need LeBron to make his decision sooner rather than later).

• Steve Blake and Chris Kaman have both left the Lakers to sign with the Trail Blazers.

• Spencer Hawes and Jordan Farmar formally signed their deals to join the Los Angeles Clippers — Hawes gets the full mid-level and four years, $23 million, Farmar signs for two years and $4.2 million total, with a player option for the second year. But really the best part of this is the shorts Hawes wore to the signing.

• Marcin Gortat also put ink to paper on a five-year, $60 million deal.

• Kyle Lowry formally re-signed with the Toronto Raptors and will speak to the media Thursday.

• Gordon Hayward formally signed a three-year, $46 million offer sheet with a player option the third year with the Charlotte Hornets. The Jazz have 72 hours to match and are expected to do so.

Mavericks give Rockets Chandler Parsons offer sheet

Oklahoma City Thunder v Houston Rockets

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.

With lower-than-expected salary cap, will Rockets and Pelicans still complete Omer Asik trade?

Omer Asik, Tyler Zeller

Rockets general manager Daryl Morey has his hands full.

He must decide whether or not to match the Mavericks’ offer sheet for Parsons, convince Chris Bosh to accept less than a max contract and arrange trades for dump other players (including Jeremy Lin).

And he has fewer than 72 hours to do it.

I don’t want to pile on, but he might have one more responsibility that previously seemed completed: Trading Omer Asik.

Houston reportedly agreed before the draft to trade Asik to the Pelicans for a future first-round pick. The deal was slated to become official after the July moratorium, which ended last night.

At the time the trade was agreed upon, it wasn’t exactly clear how New Orleans would clear the cap space to absorb Asik, who has a cap number of $8,374,646. It seemed simple enough, though.

The Pelicans could waive the unguaranteed contracts of Melvin Ely and Luke Babbitt, use the stretch provision on Austin Rivers , Alexis Ajinca and Jeff Withey (even after his salary became $100,000 guaranteed July 6) and renounce all their free agents, and they’d have enough room based on the projected salary cap to take Asik – with $32,772 to spare below their post-trade team-salary limit ($100,00 above the salary cap).

Maybe New Orleans didn’t want to dump Rivers, Ajinca and Withey for no return. But the Pelicans could, theoretically, at least assure Houston they’d take such measures if no trades emerged.

However, the actual salary cap came in $135,000 lower than the projected salary cap. Suddenly, that $32,772 room for error is gone.

Now, that set of transactions leaves New Orleans $102,228 shy of having enough room for the trade.

Unless they stretch one of their top-five players – Anthony Davis, Jrue Holiday, Tyreke Evans, Eric Gordon and Ryan Anderson – the Pelicans can’t unilaterally create enough cap space to trade a first-round pick for Asik.

Safe to say, they’re not stretching those valuable players. That means a New Orleans player must get added to the Houston trade or dealt elsewhere.

Trading one of the big five could clear room, but again, I can’t see the Pelicans going that route unless they had something lined up independent of the Asik trade.

Much more likely: New Orleans trades Ajinca or Rivers. Dumping either would clear enough room to add Asik.

Ajinca, due $981,084 next season, is a decent backup center. He averaged 5.9 points on 54.6 percent shooting and 4.9 rebounds in 17.0 minutes per game for the Pelicans last season.

Rivers has struggled to shoot efficiently in the NBA, but he was the No. 10 overall pick just two seasons ago. His 2014-15 salary is $2,439,840, and he has a $3,110,796 2015-16 team option that must be decided by Oct. 31.

These players are movable. It’s even possible New Orleans already has contingencies in place to complete the Asik trade.

But the NBA didn’t release the actual salary cap until yesterday, and the league’s estimates tend to be conservative. This is the rare official NBA cap estimate that overestimated reality. I’m not totally convinced the Pelicans and Rockets were ready for it.

At this point, dealing Ajinca or Rivers might be somewhat cumbersome. If teams know why New Orleans must shed salary – or even if they don’t – they might demand a second-round pick to take on Ajinca or Rivers. So many teams are trying to maximize cap space, even these small guaranteed salaries could get in the way.

Trading a first-rounder for Asik was already costly. If New Orleans must add another pick to dump Ajinca or Rivers, the value of the deal drops for the Pelicans.

A simple answer would be dealing Ajinca or Rivers to Houston as part of the Asik trade. But the Rockets are already likely asking Bosh to sacrifice salary. Adding another guaranteed salary would certainly reduce the effectiveness of trading Asik to trim salary, even if just a small amount.

When the margin for error is so slim, it’s easy to look back at previous moves and wonder what could have been.

Why did the Pelicans keep Withey past July 5? That triggered a $100,000 guarantee, and though that amount alone doesn’t alter the feasibility of the Asik trade, it’s a hindrance.

Why did New Orleans give Ajinca, who hadn’t played in the NBA in two years, a guaranteed two-season contract when signing him in December? If that second year were unguaranteed, a reasonable stipulation for a player of Ajinca’s caliber, this problem would have been avoided.

The Pelicans can’t undo these previous decisions, and they’ll have to deal with the fallout. But their problem is now Morey’s problem.

On the clock with Parsons, Morey must address this if he hasn’t already.

The Pelicans also face a time crunch to address this. Barring a much bigger move, they can’t feasibly trade for Asik after using the mid-level exception. That means free agents are picking other destinations as New Orleans handles this issue.

I still expect Asik will be traded to the Pelicans (though I wouldn’t be shocked if the deal falls apart). It will just be a little more complicated now.

However, I’m not sure those complications will be sorted out before Parsons’ deadline or before New Orleans’ top MLE target signs elsewhere.

Report: When Rockets need to move Jeremy Lin, it may not be to Sixers


If the Houston Rockets are going to offer a max extension to Chris Bosh or match the $15 million a year offer sheet to Chandler Parsons, the Rockets really need to clear out cap space. That starts with trading Jeremy Lin and getting no money back (just picks). It is something the Rockets may need to do fast in the next three days (how long they have to match the Parsons’ offer sheet).

It has been reported the Rockets have a deal in place with the Sixers to take Lin (with an additional pick as a sweetner). It makes sense, Philadelphia has cap space to make the deal work.

But that may not be the case, reports Dei Lynam at CSNPhilly.com.

However, an NBA source said the Sixers “remain an option [for Houston], but their cap space may prove too expensive.” The source also said they believe the Rockets have other options when it comes to moving Lin…

“We are active in conversations with a lot of teams and a lot of agents,” (Sixers GM Sam) Hinkie said. “Sometimes that leads to transactions and sometimes it doesn’t. It will be interesting to see how the next few days play out.”

Rockets GM Daryl Morey likely does have contingencies in place, we noted that the Bucks could be one such place.

But the Sixers were and remain the most logical landing spot and Hinkie is basically a draft pick hoarder and that is the sweetener the Rockets are offering. This is likely just a bit of posturing.

The question is when this deal might happen, the Rockets could be in a hurry in the next couple days.

Mark Cuban and Chandler Parsons apparently celebrating his offer sheet (photo)

Oklahoma City Thunder v Houston Rockets

Chandler Parsons planned to sign an offer sheet with the Mavericks. That was known.

But the timing was critical.

Mark your clock at 1:02 a.m. — give or take a few minutes when Parsons actually signed the deal and Dallas emailed it to the Rockets.

I figure Mark Cuban and Parsons didn’t celebrate until that was done.

The Rockets have 72 hours to match. If they match, Parsons counts against the cap at his 2014-15 salary ($14,746,000 if a max offer sheet), and Houston is essentially out of the picture for elite free agents like Carmelo Anthony and Chris Bosh. (Melo is probably unavailable regardless.)

Until then, Parsons’ cap hold is $2,875,130. That gives the the Rockets, especially if they trade Jeremy Lin, leeway to work.

Essentially, Houston has three days to pare down its roster and then convince Bosh to accept less than a max contract.

How many players do the Rockets need to deal? How much can they convince to Bosh to sacrifice? Can they convince him to leave Miami at all?

If the Rockets want to keep Parsons, they have 72 hours to answer those tough questions and then match Dallas’ offer.