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

4 Comments

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.

Lakers, DeMarcus Cousins reportedly may talk new contract next summer

Andrew D. Bernstein/NBAE via Getty Images
Leave a comment

Sunday, the Lakers waived DeMarcus Cousins to clear out a roster space for Markieff Morris. Cousins was signed last July to be the team’s starting center, but he tore his ACL in training and has not stepped on the court this season. It wasn’t personal, it was business, and under the terms of the CBA Cousins can continue his rehab in the Lakers’ practice facilities.

Cousins may be officially gone, but he could return next season to the Lakers, reports Joe Varden at The Athletic.

But the Lakers could re-sign him this summer, something both sides have expressed interest in pursuing, sources said.

This would be another one-year minimum contract deal, and it makes sense for both sides. Dwight Howard is a free agent and, after a resurgent (but not elite) season in Los Angeles, likely will get offers for more than the Lakers can pay him. JaVale McGee has a $4.2 million player option. Whatever McGee decides, the Lakers will be looking for another big man (and maybe two). Cousins could step right in.

What he can offer on the court coming off a torn Achilles and ACL remains to be seen, but the Lakers will not ask a lot of their centers. Cousins is a two-time All-NBA, four-time All-Star player who should still be able to give the Lakers some solid minutes in the paint.

The Lakers will keep their options open, but don’t be surprised if the two sides reunite.

Vanessa Bryant suing helicopter company after crash that killed Kobe Bryant

Kobe Bryant, Vanessa Bryant and Gianna Bryant
Allen Berezovsky/Getty Images
Leave a comment

Ever since Kobe Bryant and Gianna Bryant died in a helicopter crash last month, we’ve been seeking answers about what went wrong during the flight piloted by Ara Zobayan. After all, Kobe Bryant had made helicopter rides such a normal part of his life.

Now, Vanessa Bryant – Kobe’s wife and Gianna’s mother – is suing the company that operated the helicopter for wrongful death.

Nathan Fenno of the Los Angeles Times:

The complaint in Los Angeles County Superior Court against Island Express Helicopters and Island Express Holding Corp. alleged that pilot Ara Zobayan, who also died in the crash, failed “to use ordinary care in piloting the subject aircraft” and was “negligent.”

“Defendant Island Express Helicopters’ breach of its duty and negligence caused the injuries and damages complained of herein and Plaintiffs’ deceased, Kobe Bryant, was killed as a direct result of the negligent conduct of Zobayan for which Defendant Island Express Helicopters is vicariously liable in all respects,” the lawsuit said.

Report: Ben Simmons back injury “isn’t a day-to-day thing”

(Photo by Drew Hallowell/Getty Images)
Leave a comment

ESPN’s Adrian Wojnarowski reports that the back injury for Philadelphia 76ers All-Star Ben Simmons “isn’t a day-to-day thing”.

Simmons missed the Sixers first game following the All-Star break on Thursday. He then left Saturday’s game in Milwaukee after playing just 4:44.

Over the weekend, Philadelphia ruled Simmons out for Monday’s game against the Atlanta Hawks and said he would undergo further evaluation. Per Wojnarowski’s report, that evaluation is ongoing and a course of treatment is yet to be decided upon.

Expect Philadelphia to lean on Raul Neto, Alec Burks and Shake Milton as primary ballhandlers while Simmons is out. None possess the size and skill combination of Simmons, but all have had moments throughout their careers. Neto drew the start in place of Simmons on Thursday. Burks was acquired at the trade deadline to give the team much-needed bench depth. Milton has flashed at time in his second season, after beginning his NBA career on a Two-Way contract.

Philadelphia loses Simmons while in a battle with the Miami Heat for homecourt advantage in the Eastern Conference playoffs. The fifth-place 76ers are 1.5 games behind the Heat for the fourth seed, and two games ahead of the sixth-place Indiana Pacers.

Pacers: Jeremy Lamb suffers torn ACL, torn meniscus, fracture

Leave a comment

Kobe Bryant making two free throws after tearing his Achilles was one of the greatest moments of his legendary career.

On a day Bryant was honored, we learned Pacers guard Jeremy Lamb made a similarly gutsy pair of free throws during Indiana’s loss to the Raptors yesterday.

Pacers release:

During the second quarter of the Pacers game at Toronto on Sunday, Indiana Pacers forward Jeremy Lamb sustained a torn left anterior cruciate ligament, a torn lateral meniscus and a lateral femoral condylar fracture.

He will undergo surgery on a date to be determined. He will be out the remainder of the season. Any further updates will be provided after surgery.

I wouldn’t be surprised if Lamb misses all of next season. This is just a devastating set of calamities.

At least Lamb has a guaranteed $10.5 million salary each of the next two seasons.

Indiana (sixth place, 33-24) will have an even tougher time winning a playoff series now. The Pacers could challenge in the first round, but they’ll almost certainly be significant underdogs.

They have depth at shooting guard, for what that’s worth. Victor Oladipo just returned. Justin Holiday is a solid reserve. Finding his lane at point guard, Malcolm Brogdon can move off the ball when T.J. McConnell or Aaron Holiday plays point guard.