Tag: free agnecy

Chicago Bulls reach deal with sharpshooter Kyle Korver


korver.jpgThere is the floor-spreading shooter the Bulls needed to round out their roster.

Kyle Korver has agreed to a three-year, $15 million deal with the Chicago Bulls, according to Marc Stein of ESPN.

This is very good deal for Chicago.

New coach Tom Thibodeau plans to bring in a drive-and-kick offense to Chicago, with Derrick Rose slashing into the lane and Carlos Boozer getting the ball on the block or elbow. But that only works if you’ve got shooters to space the floor and knock it down.

Korver is a pure shooter. He hit 53 percent of his threes last year in Utah. That was a bit of an aberration, but he hit 39 percent the two years before that. He doesn’t get to the line a lot or rebound a lot, but that’s not what you’re paying him for. You’re paying him to knock down shots.

And that $5 million a year is about the going rate for a shooter of this ilk today. The smart move by Chicago was to keep the deal at three years, not letting it drag out, keeping their risk down.

Here’s your Bulls lineup: Rose, Korver, Luol Deng, Boozer and Joakim Noah to start with Taj Gibson the first guy off the bench. Playing that Thibodeau  defense. That is a good team, a potentially a very good team finishing near the top of the East if things break right.

LeBron who? Chicago is just fine.

Another sign LeBron is going to Miami: Deal nearly done to trade Michael Beasley

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Thumbnail image for Beasley_Block.jpgIf you needed one more sure sign that LeBron James is going to sign with Miami, here it is — the Heat are on the verge of trading Michael Beasley.

They need to move him to be able to give LeBron James, Dwyane Wade and Chris Bosh all max deal money. In fact, this trade would allow the Heat to give Bosh a sign-and-trade max deal — six years and $127 million. Wade can have that same deal from the Heat. But could you have LeBron making less than those two? Still a lot of questions out there.

But the Heat are close to the deal, as it is popping up in various forms now. Here is one, from CBS’s Ken Berger:

The trade, which is still exploratory and not close to completion, would send Bosh to Miami, Michael Beasley to Charlotte and Tyson Chandler to Houston, the sources said. Toronto, already settled on taking back the 2011 first-round pick previously traded to the Heat, is trying to extract a player from the Rockets in addition to the trade exception it would get from Miami.

ESPN has reported a variation of this same trade. Something along these lines seems close.

The Heat have been trying desperately for weeks to find someone — anyone — who would take Beasley and his $5 million salary. It’s a sign of how far the respect for the former No. 2 overall pick has fallen that they couldn’t give him away.

But they apparently found a way.

Brendan Haywood reaches deal to return to Dallas


bhaywood.jpgDallas gets it. Miami is about to get it — you need a big man to go alongside your flashy, scoring power forward.

Brendan Haywood is a big man, and he is going to continue playing alongside Dirk Nowitzki for the next couple years. He has agreed to a six-year, $55 million deal with the Mavericks, according to Marc Spears at Yahoo.

Eric Dampier is still the biggest center on the Mavericks’ roster, but his $13 million 2010-2011 salary is unguaranteed, meaning a team could cut him without paying him anything at all. Dallas has been using that as a trade chip with teams trying to bring back some talent that will get the Mavericks over the hump in the West. And by hump we mean the Lakers.

Haywood is an above-average center — he shoots at a good percentage (56 percent with the Mavericks last year), can rebound well and is a solid defender. He’s better than Dampier, and he makes the Mavericks better.

Dallas knows this — they have a bunch of advanced stats to confirm what their eyes see — and that’s why they made Haywood a priority. He was the first visit for coach Rich Carlisle once free agency opened.

The only question is the six years — Haywood will be 36 years old at the end of this deal. They may be looking to trade that salary by then.

But for now, this is a solid signing for Dallas. Mark Cuban, however, wants more than solid. This is a team still looking to make a big move.

Report: LeBron James planning big weekend party in Miami


Thumbnail image for d-wade-king-james.jpgThere’s going to be a huge, star-studded party by the pool at the W Hotel in Miami this weekend.

True, that happens every weekend, but this one is going to be a little different:

LeBron James is throwing it.

US Weekly has the scoop:

LeBron James has rented six cabanas at the W Hotel South Beach this weekend to celebrate his team decision, two sources confirm to UsMagazine.com.

Think Wade and Bosh will get an invite? What about Michael Beasley?

It’s just more stars aligning with Miami. This seems more and more like where we are headed.

LeBron could make more money in Miami than Cleveland – thank you state taxes


nba_james2_250.jpgLife in Miami is good. Warm weather all year around. Great beaches. Amazing clubs. Fantastic restaurants. Beautiful people. LeBron James has to be enticed by all that.

Plus he would make more money in Miami.

Yes, Cleveland can pay him more, for the first five years of the contract that comes to about $4 million more. But once you figure in state taxes, as Darren Rovell did at CNBC, Florida comes out on top because it doesn’t have any.

Playing in Cleveland, LeBron would face a state income tax of 5.925 percent, plus a Cleveland city tax of two percent.

Over the first five years of a new contract with Cleveland, James would give back $3,953,060 combined to the state and city for the 41 games each season he’d play at home. But James would have to pay none of that for home games in Miami since Florida doesn’t have an income tax.

Athletes have to pay income taxes to states that they play in on the road, so the games he’ll play away from home — whether he played for Cleveland or Miami — are essentially a wash. But there are, on average, 11 away games per season where James would have to pay Ohio and Cleveland taxes. Why? Because he has to pay when he plays in the six areas – Florida, Texas, Washington D.C., Illinois, Toronto and Tennessee – that have no jock taxes.

That’s another $1,061,128 he’ll have to pay in taxes that he wouldn’t have to pay in Miami.

That is about $5 million saved in state taxes the first five years, which is more than the $4 million more Cleveland can pay.

This ignores the sixth year, however. Cleveland, as the home team, can offer that sixth year and Miami can’t, and that one year would be more than $23 million. Factor that in and the numbers change.

But for the first five years of the deal, Miami gives you more take-home pay after taxes. Plus, beautiful people and beaches.