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Hawks, Carmelo Anthony finalize buyout, clearing the way for Rockets

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We are just 48 hours away from Carmelo Anthony officially becoming a Houston Rocket.

On Monday morning, the Atlanta Hawks officially bought out the former Oklahoma City Thunder star, giving him a part of his $27.9 million salary. Anthony will need to wait those 48 hours in order to clear waivers, and then he will be free to sign with the team of his choice.

The report is that Anthony will quickly sign a one-year, minimum salary deal with the Houston Rockets.

Via the Hawks’ press release:

The Atlanta Hawks Basketball Club has requested waivers on Carmelo Anthony, it was announced today.

Anthony was acquired by the Hawks on July 25 as part of a three-team transaction, with the Hawks also receiving a protected 2022 first-round draft pick from the Oklahoma City Thunder and Justin Anderson from the Philadelphia 76ers. As part of the trade, the Hawks traded Mike Muscala to Philadelphia and Dennis Schröder to Oklahoma City, and Timothe Luwawu-Cabarrot was traded from Philadelphia to Oklahoma City.

Houston has not been shy in discussing the possibility of adding Carmelo to their team. Star James Harden has said that they are hopeful they can get the best out of of the aging scorer as they try to make a run at the Golden State Warriors and the Western Conference Finals once again.

Adding Anthony to an offensive machine like the Rockets will certainly be an experiment. The hope is that Anthony plays up to his potential — and within the system — while operating for his former New York Knicks coach in Mike D’Antoni.

Now, all that’s left is to see whether Anthony can get his hands on his own Atlanta Hawks jersey.

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Carmelo Anthony traded to Hawks, who will waive him

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When Jonah Bolden was signed by the 76ers Wednesday morning, the final piece was in place for the big Carmelo Anthony trade to Atlanta to finally go through.

It has and the three-team deal is now official, the teams involved announced.

As a reminder:

• Atlanta gets Carmelo Anthony (who they will quickly turn around and buyout/waive at full salary), Justin Anderson (from 76ers), and a protected 2022 first-round pick (from Thunder, lottery protected).

• Oklahoma City gets Dennis Schroder (from Hawks), and Timothe Luwawu-Cabarrot (from 76ers).

• Philadelphia gets Mike Muscala (from Hawks).

Anthony got what he wanted — out of Oklahoma City and a full payday.

As soon as Anthony clears waivers he will sign with the Houston Rockets for the minimum. Anthony will help the Rockets on offense — Houston is taking a step back defensively (having lost Trevor Ariza and Luc Mbah a Moute this summer), but if Anthony can start and give Houston some buckets in the first and third quarters (keeping James Harden and Chris Paul a little more fresh) he can help the team. How well he accepts that role remains to be seen.

The Thunder will save about $73 million in salary and luxury tax with this trade. They could have saved more money by just waiving and stretching Anthony, but this move both gives them more flexibility going forward and another playmaker behind Russell Westbrook in Schroder.

“We want to welcome Dennis and Timothé to Oklahoma City and the Thunder,” OKC General Manager Sam Presti said in a statement. “Both of these players represent the continued transition of our style of play. Dennis provides us with another proven playmaker and someone that will only enhance the overall speed of our team. Timothé adds another young, long, versatile wing that can play multiple positions and complement our returning core.”

This trade was agreed to last week but certain pieces had to fall into place before it could become official.

Report: Celtics trade Abdel Nader to Thunder

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Abdel Nader was one of those second-round gambles by the Celtics — the No. 58 pick in the 2016 NBA draft — that paid off better than expected. Nader was the D-League Rookie of the Year, then last season the wing got into 48 games for the big club in Boston, showing some potential as a three-point shooter (but also struggling with his efficiency in other areas).

Boston wanted to trim some salary now, so Nader is on his way to Oklahoma City (once the Carmelo Anthony trade goes through and they have cap space).

Shams Charania of The Vertical at Yahoo Sports broke the story.

That cash will undoubtedly cover Nader’s $1.4 million salary, plus some more to help offset the crazy tax bill the Thunder still have coming. The Celtics will waive Purvis, who does not have a guaranteed deal.

All of this will save the Celtics about $450,000, getting them closer to going under the luxury tax line, they are about $2.5 million over it currently. (With this roster the Celtics are eventually going to pay a huge tax bill, but if they can avoid paying the tax this season that delays the painful repeater tax by a year, helping down the line. Expect to see more cash saving moves, don’t be shocked if Marcus Morris is the one on the trade block.)

While Andre Roberson and Paul George will start on the wing for OKC, Nader may be able to find minutes behind them. The Thunder have a mix of guys — Terrance Ferguson, Alex Abrines, Timothe Luwawu, Kyle Singler — who have yet to fully establish themselves in the league. Nader will have a chance to crack that group and get some run, if he can take several steps forward with this game.

Report: Thunder trading Carmelo Anthony, first-rounder to Hawks for Dennis Schroder

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The Thunder were going to cut loose Carmelo Anthony.

The Hawks were determined to trade Dennis Schroder.

The 76ers needed a stretch four after Nemanja Bjelica backed out of his deal.

Hence…

Adrian Wojnarowski of ESPN:

Chris Vivlamore of The Atlanta Journal-Constitution:

Royce Young of ESPN:

The Thunder save money in this trade next year by going from Anthony to Schroder. But they could have saved far more simply by stretching Anthony themselves.

Stretching Anthony would have meant a cap hit of $9,309,380 each of the next three seasons. Instead, Oklahoma City will pay Schroder $15.5 million each of the next three seasons.

Why increase that financial burden?

Schroder is an intriguing backup to Russell Westbrook and just 24. Even if he’s overpaid and facing the prospect of felony battery charge, he can play. Anthony’s stretched cap hit can’t. Raymond Felton provided steady backup-point guard minutes last season and re-signed, but he’s 34. Oklahoma City can’t rely on him forever.

The Thunder might have viewed Schroder as worth the difference between his salary and Anthony’s stretched cap hit, and there’s some logic to that. But if Oklahoma City tries to flip Schroder down the road, potential trade partners will evaluate his full salary.

Timothe Luwawu-Cabarrot isn’t nothing, either. The 23-year-old former first-rounder is a project with 3-and-D potential.

On the other hand, the Thunder also surrender a potential first-round pick in the deal. And with Westbrook, Paul George and Steven Adams locked into lucrative contracts, the upcoming season isn’t the only one Oklahoma City must worry about the repeater luxury tax. Schroder’s future salary could become extremely burdensome.

In a pure basketball sense, this trade could make sense for the Thunder. Anthony didn’t fit, and Schroder brings more talent and has a clearer role. Luwawu-Cabarrot has upside. A lottery-protected pick could warrant going from Anthony to Schroder and Luwawu-Cabarrot, though that’s far from certainly worth it.

But I especially wonder about the long-term financial cost. Will Schroder’s salary the following couple years eventually lead ownership to cut costs and shed better players? If Clay Bennett’s willingness to pay extends beyond the following season, more power to him.

And more power to Anthony, who gets all his money and free agency. Expect him to sign with the Rockets once Atlanta waives him.

The Hawks – nowhere near the luxury tax, let alone the repeater tax – could handle waiving Anthony more easily than the Thunder could have. They get a nice draft pick for their trouble – and to unload Schroder.

Schroder was a leftover from the previous Atlanta regime, and Travis Schlenk is ready to build around Trae Young at point guard. Jeremy Lin is the stopgap veteran backup. There was no place for Schroder.

Justin Anderson only adds to the Hawks’ return. It might be getting late quick for the 24-year-old, but he’s strong and athletic. If he improves his shot, he could be a very helpful 3-and-D player. There’s such a premium on wings, it’s well worth betting on developing him – especially for a rebuilding team like Atlanta.

The 76ers have shifted into winning mode, and Mike Muscala should help. He’s a good 3-point shooter for a big and capable of defending inside and out. Philadelphia adds no long-term cost, as Muscala is entering the final year of his contract with a $5 million salary.

The 76ers also clear a roster spot in the 2-for-1 swap, which could lead to last year’s second-rounder, Jonah Bolden, signing.

Reports: Jahlil Okafor, Nik Stauskas traded to Brooklyn for Trevor Booker

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Jahlil Okafor is going to get his chance to prove he can contribute in the NBA.

For their trouble, Philadelphia is going to get some veteran depth up front.

The Sixers are sending Okafor and shooting guard Nik Stauskas, plus a second-round pick, to Brooklyn for veteran power forward — and impressive dunker — Trevor Booker, a story broken by Zach Lowe of ESPN.

Okafor has been on the trade block for more than a year, the Sixers finally found a deal they like. This was a good deal for both teams.

It’s good that Okafor, the No. 3 pick in the 2015 draft (one spot ahead of Kristaps Porzingis) who has battled injuries and an NBA game that has moved away from his skill set. Okafor is a project, he doesn’t have much shooting range nor can he defend very well (in space or at the rim). He plays below the rim. He may not be the star that he was projected to be, but in Brooklyn Okafor will get a chance to show he can get buckets around the rim and out of the post, and that he has a role in the league. There is potential for him in an Al Jefferson/Zach Randolph kind of role (likely off the bench).

Brooklyn also gets a shooter in Stauskas who was out of the rotation in Philly (with J.J Redick and Timothe Luwawu getting run ahead of him). The Nets are rebuilding, and taking a flier on a couple of former first-round pick is the kind of gamble they should be taking. The Nets now have two of the top three picks from the 2015 draft, they got D'Angelo Russell from the Lakers last summer.

Philadelphia is eyeing the playoffs, and Booker gives them a solid big man off the bench that they can pair with Amir Johnson and/or Richaun Holmes. Booker is a glue guy who plays with energy every night — exactly the kind of veteran the Sixers have tried to surround their young core with. The Sixers get better in the short term with this move.