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Report: Rockets trading first-rounder to dump salary in three-way deal with Cavaliers and Kings

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Rockets owner Tillman Fertitta called the luxury tax a “horrible hindrance.”

So, Houston will do something about it.

Adrian Wojnarowski of ESPN:

The Houston Rockets are acquiring guard Iman Shumpert in a three-way deal with the Cleveland Cavaliers and Sacramento Kings, league sources told ESPN.

The Rockets will send guard Brandon Knight, forward Marquese Chriss and a 2019 lottery protected first-round pick to the Cavaliers, league sources said.

The Cavaliers will send guard Alec Burks to the Kings, and guards Nik Stauskas and Wade Baldwin to the Rockets, league sources said.

Sacramento also got a second-round pick from Cleveland, according to James Ham of NBC Sports California. (Update: The pick will come from Houston.)

This trade puts the Rockets in line to save $7,780,376 – $6,417,710 in luxury tax and $1,362,666 salary – this season. The bigger savings come next season, when Knight – who hasn’t been good in years – is guaranteed $15,643,750. Everyone Houston got is on an expiring contract.

The Rockets are now just $4,290,472 over the tax line and could still try to dodge the tax altogether. But they will likely be active on the buyout market, which would only add to their payroll. Maybe Houston will try to flip Stauskas and/or Baldwin before tomorrow’s trade deadline to make an eventual post-buyout signing less costly. Escaping the tax entirely seems less likely.

At least this trade also helps the Rockets on the court, unlike their money-saving decisions last offseason. Knight and Chriss were non-factors. Shumpert isn’t great, but he’s a reasonable two-way wing with deep-playoff experience. Teams can’t get enough of those.

Still, Shumpert is a minor upgrade relative to what Houston could’ve gotten for a first-rounder if that pick weren’t doing the heavy lifting of unloading bad salary.

That pick is why Cleveland took Knight and Chriss. The Cavs aren’t going anywhere quickly, anyway. Better to stock up on long-term assets like draft picks in exchange for taking negative-value contracts now. Maybe even Chriss is worth a flier. He gets his desired trade. The first-rounder is the real prize, though.

Swapping Shumpert for Burks, who’s also on an expiring contract, seems like a parallel move for the Kings. Burks is an inch taller, and Sacramento needs a bigger wing. But Shumpert had done a nice job of competing at small forward. I’m not convinced Burks will match that. At least the second-round pick offers buffer. But in a season where the Kings could end a 12-year playoff drought, they should focus primarily on the players involved. Maybe they just like Burks.

Lakers, DeMarcus Cousins reportedly may talk new contract next summer

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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
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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”

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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

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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.