Report: Kevin Durant signing 1+1 contract with Warriors

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Kevin Durant will sign with the Warriors, but they won’t have him locked up for long.

Marc Stein of ESPN:

To offer Durant more than $31,848,120 in 2017-18, Golden State will need cap space. Durant’s max starting salary projects to be about $36 million.

Will he take a discount? In the likely event the answer is no, the Warriors must preserve cap 2017 cap space.

They currently project to have enough room to re-sign Durant to the max and re-sign Stephen Curry through Bird Rights. But that’d leave just about $13 million for Andre Iguodala and any other free agents.

Plus, that also assumes Golden State doesn’t sign anyone to a multi-year contract this summer. That might be what it takes to retain Festus Ezeli, who could start at center with Andrew Bogut likely on the move.

Other free agents — including Brandon Rush, Leandro Barbosa, James Michael McAdoo and Ian Clark and even outsiders with the room exception or minimum deals — will be more tempted by multi-year contracts. The Warriors will have a hard enough time building depth this summer. Needing to maintain 2017 space makes the challenge even greater.

Durant can receive just 4.5% raises and a four-year contract if he re-signs next year, so he might even take another 1+1 deal to cash in later. He could receive 7.5% raises in 2017 (though that’d require signing for between two and four years, as LeBron James is dealing with now). In 2018, Durant could get 7.5% raises and a five-year contract.

And there’s the bigger question of the Collective Bargaining Agreement. Either side can opt out this December, and a new deal could vastly change the outlook. Indicators are terms will be more favorable to superstars like Durant, but the possibilities are endless. There’s major risk on Durant’s end.

Golden State somewhat lucked into this situation — Curry signing a relatively low-paying extension due to injuries that subsided and the salary cap skyrocketing just as a former MVP interested in joining the Warriors hit the market. Don’t underestimate the Warriors’ ability to take advantage and sign Durant, but the greater circumstances that fostered this situation were out of their control.

Now, the challenge is totally up to them, and it’s a big one: Build a championship-caliber supporting cast around Curry, Durant, Draymond Green and Klay Thompson immediately and save 2017 cap room to re-sign Durant. It won’t be easy.

Bulls big man Cristiano Felicio out 4-8 weeks with broken wrist

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This is not going to impact the Bulls’ rotations — Cristiano Felicio has yet to touch the court for the Bulls this season — but it’s a setback for a player trying to prove he belongs in the NBA.

Felicio fractured his wrist during the Bulls practice Monday and will be out at least a month, reports K.C. Johnson of NBC Sports Chicago.

Cristiano Felicio, who has yet to land on the active roster this season, broke his right wrist after falling in Monday’s practice, according to coach Jim Boylen. The Bulls’ coach said Felicio will miss four to eight weeks with the injury.

“We had the X-ray. It did not show up on the X-ray. Then we had the CT scan and it showed up on the CT scan,” Boylen said. “We’re going to do an MRI (Wednesday) just to let them give us a little more certainty on maybe how much separation there is in there and how much time it will be.”

The Bulls gambled on Felicio a couple of years ago and signed him to a four-year, $32 million contract. That roll of the dice has come up snake eyes so far, with Felicio playing a limited role the first two seasons — and this season no role at all.

It is expected the Bulls will try to use Felicio’s salary in any trade packages they put together closer to the deadline, this injury would not impact that.

Asked about getting stabbed in back, Chris Paul says trade from Rockets

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Chris Paul has gotten traded three times in his career.

New Orleans sent him to the Clippers – but only after David Stern nixed a deal with the Lakers – in 2011. In 2017, Paul engineered a trade to the Rockets by opting in. Then, in an unprecedented star swap, Houston dealt Paul to the Thunder for Russell Westbrook last summer.

Paul recently discussed trades with comedian Kevin Hart.

Hart:

Why is it always such a crazy time when it comes to these trades and whether they’re happening. You’ve been part of some big conversations. Is it at a point where it’s just business, or is it becoming personal?

Paul:

Every situation is different. But the team is going to do whatever they want to do. They’ll tell you one thing and do a smooth nother thing.

Hart:

That’s the business side.

Paul:

Exactly.

Hart:

Do you feel like there’s been times where, “Damn, that’s a little eye-opening. I got stabbed in the back”?

Paul:

Absolutely. This last situation was one of them. The GM there in Houston, he don’t owe me nothing. You know what I mean? He may tell me one thing but do another thing. But you just understand that that’s what it is.

Rockets general manager Daryl Morey is an easy target right now. Many people around the NBA resent him tweeting support for Hong Kong protesters (who are trying to maintain and expand their freedoms) and costing the league significant revenue in China.

But, in this case, Morey brought it upon himself. He said in June he wouldn’t trade Paul then did so, anyway.

Maybe that was to protect Paul’s feelings if he stayed in Houston. In that case, Morey could tell Paul he believed in him all along. There’d be no way to know Morey was fibbing. Now that Paul is gone, Paul being upset is someone else’s problem. It’s a common tactic by executives.

Paul reportedly requested a trade from the Rockets, but he denied it. I don’t necessarily believe Paul. There was plenty of evidence of tension between him and Harden. It’d be pretty conniving to request a trade then throw Morey under the bus for making the trade.

But Paul’s denial of a trade request is on the record. So is Morey’s declaration that he wouldn’t trade Paul.

Morey must own that.

Report: Rockets have lost about $7M in China revenue this season, $20M overall

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Rockets general manager Daryl Morey’s tweet supporting Hong Kong protesters, who are trying to maintain and expand their freedoms, has cost the NBA and its players a lot of money in China.

Probably no team has been harder hit than Houston.

Early estimates pegged the Rockets’ potential lost revenue at $25 million. It apparently hasn’t been quite that bad yet, but it’s already close. And the effects are trickling down to Houston star James Harden.

Kevin Arnovitz of ESPN:

League sources say the franchise has lost more than $7 million in revenue this season from cancelled Chinese sponsorship agreements and nearly $20 million overall when terminated multiyear deals are calculated.

For their superstar James Harden, the losses could be considerable if no resolution is reached. A source says Harden’s endorsement agreement with Shanghai’s SPD Bank Credit Card is imperiled.

This is why NBA teams are preparing for a lower-than-projected salary cap. It’s also why the union is planning to better educate its players on global issues.

The money involved is significant.

Nets, CEO David Levy part ways after fewer than two months

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Gersson Rosas – who lasted just three months as Mavericks general manager – was the standard for a short front-office tenure in the NBA.

David Levy, whom the Nets hired as CEO in September, is out after fewer than two months.

Nets release:

The Brooklyn Nets and Barclays Center today announced that David Levy and the organization have mutually agreed to part ways. Oliver Weisberg, Chief Executive Officer of J Tsai Sports and NBA Alternate Governor of the Nets, has been named interim Chief Executive Officer of the Nets and Barclays Center.

“I want to thank David for his collaboration over the past several months and wish him well in his future endeavors,” said Weisberg. “As we enter an exciting next chapter of our organization, it’s important that ownership and management are completely aligned on our go forward plan. We are proud of the culture of the Brooklyn Nets under the leadership of General Manager Sean Marks and Head Coach Kenny Atkinson, and we look forward to continue bringing the best experience to our fans.”

This shockingly short tenure raises questions. Mainly: What happened? Absent other information, good luck convincing people there’s not a scandalous story behind this.

The Nets generally appear to be in a good place. They have Kevin Durant, Kyrie Irving and a good amount of young talent. Brooklyn (4-5) has been mediocre, but this was always going to be a limbo season before Durant returns.

There have been a couple controversial incidents. Nets owner Joe Tsai spoke up during the NBA’s China-Hong Kong-Daryl Morey crisis, toeing the Chinese government’s line. A report also emerged about Nets officials being concerned with Irving’s mood swings.

Does either relate to Levy’s exit?

This vague statement leaves the door open to speculation. That isn’t necessarily fair to the people involved, but it’s what they’ll have to deal with.