Chicago Bulls creating offseason trade options with latest signings (updated)

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Update: I miscalculated. The Bulls are safe from the luxury tax — at least unless Joakim Noah and Taj Gibson each get $500,00 bonuses.

Because Andrew Bynum signed with the Pacers, Chicago can set off a portion of his salary ($105,564 in this case) — an amount I didn’t account for. That leaves them $791,165 beneath the tax line — more than the $750,000 in leeway discussed below.

Noah ($500,000 for All-NBA first team) and Gibson ($500,00 for All-Defensive first team) could still send the Bulls into the tax. However, even if the Bulls hadn’t signed Ronnie Brewer, Lou Amundson, Mike James and Greg Smith, they still would have had more than $750,00 but less than $1 million in leeway.

So, Chicago can absorb a $500,00 Noah bonus for All-NBA first team and a $250,00 Gibson bonus for All-Defensive second team and avoid the tax. But if Noah and Gibson each get $500,000 bonuses, Chicago will pay the tax.

It’s the same situation regardless of whether the Bulls made their latest run of signings.

In sum, these signings won’t make the Bulls more likely to pay the luxury tax, but they’ll cost Chicago a few extra real dollars. In return, the Bulls get more trade flexibility — a definite win for them.

Original post: The Chicago Bulls, like every team, would like to avoid the luxury tax.

Not only are luxury-tax penalties already costlier than ever, repeater penalties loom. If a team might be willing to pay the tax only while contending, it’s especially prudent not to pay the tax when out of contention.

That’s what makes the Bulls’ situation so fascinating.

With all due respect to the marvelous job Tom Thibodeau, Joakim Noah and crew have done this season, Chicago is an extreme longshot to win the 2014 championship. But once Derrick Rose gets healthy, Nikola Mirotic signs, the Bulls use both their 2014 first-round picks (one from Charlotte) and exhaust their pending cap space… Chicago could get really good – and really expensive – in a hurry.

Yet, the Bulls have flirted with the luxury-tax line this season while still remaining pretty competitive. It’s a tight line to walk – wanting to keep salary low without completely blowing up the team (a dichotomy the Luol Deng trade accomplished).

Chicago caught a big break in that quest when they waived Erik Murphy and the Jazz claimed him, removing his salary from the Bulls’ books. That positioned Chicago to add up to three players and leave $750,000 in leeway under the luxury-tax line for performance incentives potentially due to Joakim Noah ($500,00 for All-NBA first team) and/or Taj Gibson ($500,00 for All-Defensive first team or $250,000 for All-Defensive second team).

The Bulls opted to go another way, though.

Chicago signed Ronnie Brewer, Lou Amundson and Mike James to minimum-salary multi-year contracts, according to Larry Coon. Amundson’s’ agent, Mike Bartelstein, confirmed his client’s contract was for two years. James’ agent, Bernie Lee, did the same for his client.

The multiple years matter, because the NBA pays a portion of the minimum salaries for veterans with at least three years experience and the league’s portion of the payments are not taxed – but only for one-year, 10-day and rest-of-season contracts. By signing those three to multi-year deals, Chicago assumed all payments and the increased tax burden that comes with them.

On the positive side, the Bulls signed Greg Smith – who surprisingly cleared waivers – without having to worry losing their $750,000 leeway, because they’d already lost it.

Smith – like Brewer, Amundson and James – could prove useful in trades after the season. Smith is a talented young big man, and the other three have unguaranteed contracts, according to Coon. That allows their salaries to help a trade match, and then they could be released them without penalty.

All in all, the Bulls are now $685,601 below the luxury-tax line – meaning they can absorb only one of the bonuses potentially due to Noah and/or Gibson without paying the tax.

If the bonuses due to Noah and Gibson fall short of $750,000, the Bulls win. They’ll avoid the luxury tax and will have added potentially useful trade assets.

But if Noah and Gibson both hit their incentives, the Bulls will pay the tax, though they’ll still have tradable assets in Smith, Brewer, Amundson and James.

It’s a calculated risk that I think will work. I project Noah to make the All-NBA first team, but I don’t have Taj Gibson making an All-Defensive team.

However, the downside – paying the tax – is high enough that I don’t believe the multi-year deals were worth it. Had the Bulls waited until Saturday to sign Brewer, Amundson and James, Chicago would have kept its $750,000 luxury-tax leeway and still signed Smith, anyway.

Chicago is choosing to play with tax fire to better position itself for a trade later, perhaps a revealing strategy about the franchise’s long-term plans.

All Cedric Maxwell got for winning NBA Finals MVP was this janky watch (video)

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Just two NBA Finals MVPs who are eligible for the Basketball Hall of Fame haven’t been selected for induction:

  • Cedric Maxwell (1981 Celtics)
  • Chauncey Billups (2004 Pistons)

Andre Iguodala (2015 Warriors) could join them, but he at least has some Hall of Fame chatter surrounding him. Billups is absolutely a legitimate Hall of Fame candidate, even if not enshrined.

Maxwell, on the other hand, wasn’t on that level. He never even made an All-Star team. He was just a good player who had an excellent six games against the Rockets in the 1981 NBA Finals.

Really, it’s a neat distinction to be the lone NBA Finals MVP who was never a star. Maxwell can cherish that.

And this watch, which he reveals in this entertaining video.

NBPA reaching out to players, getting feedback on return scenarios

Michele Roberts
David Dow/NBAE via Getty Images
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NBA Commissioner Adam Silver has been in information gathering mode since the day he was forced to shut the league down. He’s gathered information from medical experts on how a return would work, talked to owners and GMs about the financial end and what they hope to see, and had conferences with the league’s broadcast partners.

Most of all, Silver wanted to know what the players thought. With the NBA closing in on a return strategy — Friday Silver and team owners will have a conference call that could lead to a decisive plan — players’ union executive director Michele Roberts is taking the return plans to the players for feedback, reports Adrian Wojnarowski of ESPN.

It looks like the NBA will return to play in Orlando, with training camps starting in late June and games in mid-July.

The questions to be answered are:

• Do all 30 teams report to Orlando to play a handful of regular season games, getting teams over the 70 game threshold?
• Do just the top 16 teams report with the league jumping straight to the playoffs?
• If the league does go straight to the playoffs, how will that impact player pay, which is tied to the regular season?
• Will there be a play-in tournament for the final playoff seeds?
Should the NBA do a 1-16 seed playoff format, or keep the traditional Eastern/Western conference format?
• Will each playoff round have seven games, or will the first round (or two) be best-of-five?

Everything option is still on the table (as officials will be quick to say). However, the buzz around the league has grown louder that just the top 16 teams will go to Florida, and there will be seven-game series for every round, as the league tries to squelch any asterisk talk.

We may know a lot more on Friday. And the players will have their say.

Michael Jordan on tape saying he wouldn’t play on Dream Team with Isiah Thomas

Pistons guard Isiah Thomas and Bulls guard Michael Jordan
Andrew D. Bernstein/NBAE via Getty Images
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In “The Last Dance,” Michael Jordan was asked to react to Isiah Thomas’ explanation of the Pistons’ infamous walk-off. Jordan replied immediately:

I know it’s all bulls—. Whatever he says now, you know it wasn’t his true actions then. He’s had time enough to think about it. Or the reaction of the public, that’s kind of changed his perspective of it. You can show me anything you want. There’s no way you can convince me he wasn’t an a—hole.

Maybe there was some projection in that answer.

For years, Jordan has denied any involvement in Thomas not making the Dream Team. Rod Thorn, who was on the selection committee for the 1992 Olympics, has backed Jordan’s version of events.

But Jordan once revealed a different story.

Jordan on Jack McCallum’s “The Dream Team Tapes:”

Rod Thorn called me. I said, “Rod, I won’t play if Isiah Thomas is on the team.” He assured me. He said, “You know what? Chuck doesn’t want Isiah. So, Isiah is not going to be part of the team.”

Yes, the Pistons were being poor sports when they left the floor without shaking the Bulls’ hands in the 1991 playoffs. But that neither began nor ended the story.

The Bulls repeatedly disrespected the Pistons while finally overcoming Detroit. That particularly bothered the Pistons, because, on their way up, they paid deference to to the Celtics and Lakers. So, while the walk-off was – even according to Thomas – regrettable, it happened for a reason.

Jordan carrying his vendetta to the Dream Team only escalated matters. Yet, unlike the Pistons for not shaking hands, Jordan receives minimal scorn for his poor sportsmanship. Threatening not to play if a rival player is also included is the antithesis of what people want the Olympics to stand for.

And Jordan is now on published audio admitting that’s exactly what he did. You can listen to him for yourself.

As the best player and marketing giant, Jordan had the power. Thomas felt the consequences.

In 1992, Thomas was a marginal choice for the Dream Team. He wasn’t clearly better than the players who made it on current ability. He wasn’t as great as the players – Magic Johnson and Larry Bird – who made it on career accomplishments. It would’ve been fine to select Thomas. It would have been fine to omit him.

But it’s a shame he never got proper consideration on merit.

It’s also a shame Dream Team coach Chuck Daly, who coached Thomas in Detroit, is no longer alive to give his account. Did Dally really tell Thorn not to put Thomas on the Olympic team? Did Thorn really tell that to Jordan? Jordan and Thorn are just so untrustworthy on this matter.

Kendrick Perkins: LeBron James-Paul Pierce rift stems from Pierce spitting at Cavaliers bench

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In 2004, Celtics forward Paul Pierce got fined for spitting at the Cavaliers bench during a preseason game.

Why did Pierce do that?

Apparently, LeBron James.

Kendrick Perkins, via ESPN:

When LeBron was coming into the league, he was getting a lot of heat from players. “Oh he’s not going to do that to us. The Chosen One. Wait til he play against grown men.”

So, Paul is talking noise to the bench, right? He’s talking big noise to the Cavs bench. And they’re sitting over there. Bron and them, they’re all sitting over there.

Paul actually spits over there at the bench, right? The ultimate disrespect, OK?

It ended up turning up. After the game, both teams were meeting in the back. Guys was ready to fight. We had to hold people back. It went up from there.

Ever since that moment, LeBron James and Paul Pierce hate each other. They don’t speak to each other.

This was entering LeBron’s second season, not his rookie year. But Pierce was still the established star, LeBron the riser trying to prove himself. As we’ve seen since, Pierce is very protective of his place in the game.

The feud deepened over the years as Pierce’s Celtics battled LeBron’s Cavaliers and Heat in the playoffs. Pierce took other shots at LeBron, even indirectly. Most recently, Pierce named a top-five list that didn’t include LeBron.

But spitting? That’s low.

There’s just something about Boston players from that era.