LeBron James and Chris Bosh re-up with their respective teams…before being traded to the Heat

17 Comments

Thumbnail image for wade_bosh-James.jpgWith a sequence of events as massive in scale as the LeBron-Bosh coup, we all knew it couldn’t be simple. Sure, LeBron James, Dwyane Wade and Chris Bosh could have each theoretically signed free agent deals outright with the Heat, but doing so would’ve likely left Miami in a painful salary cap situation despite their undeniably effective trio.

So instead, the Heat made two separate sign-and-trade deals to help secure their two incoming superstars to longer contracts that will also afford them more financial flexibility for the upcoming season.

The Heat sent two first-round picks (Miami’s lottery-protected 2011 first-round pick and a future pick that Toronto already owed to the Heat) to the Raptors in exchange for a signed Bosh, who will commit for six years rather than the maximum five the Heat could offer. Similarly, the Cavs signed James to a six-year deal in exchange for two future first-round and two second-round picks. Both the Raptors and Cavs will also acquire rather sizable trade exceptions, worth approximately $15 million each.

This is good news for Toronto and Cleveland; future draft picks may not be quite as sweet as LeBron or Bosh, but it does at least give those franchises something in return. They aren’t likely to be very high (if Miami is as good as they look today, we’re looking at the tail end of the first round), but there are still rotation players to be found that late if teams look hard enough. Plus, the huge trade exception acquired by each team could end up scoring impressive returns (Al Jefferson, anyone?).

Meanwhile the Heat have … well, I’m not sure. It’s not immediately clear how the Bosh and James’ deals will be structured, however the two of them and Dwyane Wade all took less money each year to free up room to bring in players to put around them. The details of how much has not yet leaked out. 

However, according to our own Ira Winderman, the Heat may have cleared enough room to make a reasonable offer to power forward Udonis Haslem, though Haslem hardly fits any of Miami’s most glaring needs. This team is hurting badly at center, and while highly-skilled 5s don’t typically slum it with their free agent deals (Darko Milicic nabbed $20 million over four years), one would think that Haslem money could yield a better fitting big than Udonis. Haslem is a very useful player, but he’s just not the right guy for Miami’s coin.

Plus, the Heat’s biggest problem at present is depth, and surrendering every conceivable first-rounder for the next decade isn’t going to help that. NBA rules prevent Miami from trading first-rounders in consecutive years, so it won’t kill them too much in the short-term. Still, Miami hasn’t left themselves with all that many options to acquire talent going forward. The sheer magnitude of their three stars may render that irrelevant (as well as the allure for veteran free agents to sign cheap contracts in order to play on this team), but torching future flexibility is rarely a good thing.

Rumor: Kawhi Leonard meeting with Clippers set for July 2

Claus Andersen/Getty Images
5 Comments

Kawhi Leonard will tip the balance of power this summer.

Whatever the Finals MVP decides with his free agency — stay with the Raptors, come to the Clippers, something else entirely — will change the landscape of the NBA. Wherever he goes that team will be an instant contender, with the Raptors and Clippers long having been the frontrunners and everyone else trying to get their foot in the door.

His decision likely will not drag out, but it’s not going to be LeBron James last summer “let’s do this so I can go on vacation” instant, either, if we believe this report from Frank Isola of The Athletic.

Of course, this report would be unofficial/off the record because teams cannot yet officially reach out to players or agents, and we know there is no tampering in the NBA. (Read that last sentence again in your best sarcastic voice to get the full impact.)

In Los Angeles, the Clipper hype has led to billboards.

If the Clipper meeting is July 2, in Los Angeles we presume, the question becomes when is the Toronto meeting? June 30/July 1 in Toronto, giving the Clippers the last shot? Or, are the first couple of days meetings with other teams that are longshots — Knicks, Lakers, Mavericks, etc. — just to get them out of the way.

It has long been rumored to be a two-team race for Leonard’s services. On the one hand is the chance to return home and become the leader of a 48-win Clippers team poised to be a threat for years to come if they land a superstar. (The Lakers have never been a serious consideration for Leonard, according to sources, for a variety of reasons. Let’s just say he’s not a superteam kind of guy.)

On the other hand is a Raptors team where he was given room to recover and be himself, and where he just won a ring. A city where he was fully embraced by the fans.

Also remember Leonard is at eight seasons of NBA service, meaning the max of this next contract is for 30 percent of the cap (a starting salary around $33 million next season). After two more seasons, he will have 10 years of service and be eligible for 35 percent of the cap (a starting salary of $38 million right now, and with the cap expected to go up the next couple of years it will be higher than that in reality). Despite the injury history, is Leonard willing to bet on himself and sign a two-year contract to get to the larger max, then re-sign?

The leading theory floating around the league now is Leonard signs a short deal in Toronto, then re-enters the market in a year or two. But it’s just a theory. Nobody really knows because Leonard does not tip his hand. About the only thing we seem to know his he will meet with the Clippers on July 2.

Ex-Sacramento Kings exec gets 7 years for siphoning $13.4M

Getty Images
Leave a comment

SAN FRANCISCO (AP) — A former top Sacramento Kings executive was sentenced Monday to seven years in prison for siphoning $13.4 million from the team.

Jeffrey David, 44, the team’s former chief revenue officer, pleaded guilty in December to wire fraud and aggravated identity theft.

David diverted the sponsorship payments of five companies to a bank account he controlled from October 2012 through July 2016, using the money to buy and remodel Southern California beachfront properties, pay for a private jet membership and pay off credit card bills.

“The brazen scheme involved forgeries, stolen corporate executive identities, money laundering and even instructing a former colleague to destroy evidence,” U.S. Attorney McGregor W. Scott said in a statement. “Today’s sentence should deter others from committing substantial frauds such as this one.”

David’s lawyer, Mark Reichel, disagreed with the sentence from U.S. District Judge William Shubb.

“We see no appropriate purpose served by a sentence this lengthy,” Reichel wrote in an email, citing David’s “tremendous life work” before and after his crimes as cause for a reduced sentence.

“The Kings received back every single penny of the previously purloined money, and Mr. David worked very hard to make sure that happened. He is tremendously remorseful,” Reichel said.

The Kings have received over $13.2 million in restitution to date, according to the Department of Justice.

David is scheduled to begin his sentence on Aug. 20.

Lakers’ Jeanie Buss: “I have 100 percent confidence in Rob Pelinka”

Getty Images
5 Comments

Internally, the Lakers believe they are on the right track: They signed LeBron James as a free agent, they spent years acquiring assets then turned those assets into Anthony Davis, and they believe the roster that will take the court next season will bring vindication for the front office and ownership group. The Lakers believe they will be back on top, where they belong.

From the outside, um, let’s just say there are doubts around the league. Doubts about all the picks — particularly the pick swaps and deferments — that the Lakers gave up to get Davis and now that could hurt them in the future. There are doubts about the ability of Rob Pelinka to build out a roster around LeBron and Davis that is truly a threat.

Jeanie Buss has no such doubts. Speaking to Tania Ganguli of the Los Angeles Times (and other reporters) at the NBA Awards show Monday, Buss expressed nothing but confidence in Pelinka and the Lakers’ staff.

“I’ve always had confidence in Rob, whatever the speculation is out there,” Buss said. “We don’t need outside media to validate the things that we do. I’m very happy and I think we’re on the right path.”

“I have 100% confidence in him in running his basketball operations,” Buss said. “He’s brought us a great new head coach in Frank Vogel, whose teams have had a lot of success in the playoffs and who have played consistently ranking high in defense, which means not only does he emphasize defense but the players buy into his defensive schemes.”

The question isn’t Vogel’s credentials, although how a staff with Jason Kidd, Lionel Hollins, and other veteran coaches with big egos will mesh together is going to be interesting.

The question is talent.

The Lakers have the high end of that with LeBron and Davis, but when you think about the Laker title teams of the past it wasn’t just Shaq and Kobe, it was also Derek Fisher and Robert Horry and Rick Fox and a host of others. The same thing was true in this past Finals — the deeper team won because the Raptors could adapt and handle their star not being 100 percent.

Are the Lakers going to chase another star and then complete the roster with minimum salary players? Or, get two or three quality role players with their cap space to have a deeper team? Has this all been planned out and thought through? Maybe Rob Pelinka builds this roster out beautifully, but we only have one year of experience to judge him on, and that did not go well.

Buss may have confidence, she should, the rest of us are in wait and see mode.

The Greek Freak has arrived, Giannis Antetokounmpo wins NBA MVP

Daniel/Getty Images
8 Comments

Mike Budenholzer came in with a plan — an offense built around the fact no one man on the planet can guard Giannis Antetokounmpo.

It worked. The Bucks won 60 games and had the best record in the NBA. Budenholzer picked up Coach of the Year hardware for his efforts.

Now Antetokounmpo has won the NBA MVP award, edging out James Harden (who chose not to attend the NBA’s awards show in Los Angeles Monday). He was emotional in thanking teammates for helping him reach this point, then talking about his father.

It was a long road to this point, Antetokounmpo was playing second-division ball in Greece when the Bucks drafted him at No. 15 back in 2013. The word we used to describe his game at the time was “raw” — he was a long way from the player he would become. What he also turned out to be was driven. Willing to put in the work, be coached, and put in the long hours to get better and maximize his potential. Antetokounmpo earned the chance to walk up on that stage and accept the MVP award.

Antetokounmpo averaged 27.7 points and 12.5 rebounds a game, but it was his ability to destroy any defender one-on-one that made the Bucks offense work. Either the Greek Freak got to the basket and finished, he drew a foul, or he drew so much attention the shooters that surrounded him on the floor had clean looks of their own. He also was the Bucks best defender, a guy tasked with tough assignments nightly.

Antetokounmpo was the best player on the best team.

Antetokounmpo won the award handily with 941 points to Harden’s 776. The Greek Freak had 78 of the 100 first-place votes.

James Harden — who averaged 36.1 points, 7.5 assists, and 6.6 rebounds per game — finished second in the voting, Paul George of Oklahoma City was third. Harden has finished first or second in the voting for four of the past five seasons. Harden believed he deserved to win and was frustrated with another second.

Antetokounmpo is the first player from Europe to win the MVP award since Dirk Nowitzki in 2007.

Nikola Jokic came in fourth in the voting, Stephen Curry was fifth. Here are the full results: