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Report: Trail Blazers sign president Neil Olshey to contract extension

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Just after a rumor emerged about the Wizards trying to hire Trail Blazers president Neil Olshey…

Adrian Wojnarowski of ESPN:

It’s nice to be wanted. It always adds leverage in contract negotiations.

Olshey has done well in Portland, building a winner around Damian Lillard and CJ McCollum after LaMarcus Aldridge left. But Olshey’s job will get harder now.

Evan Turner, Meyers Leonard and Maurice Harkless each have another season on the expensive contracts Olshey gave them in the wild summer of 2016. That’ll inhibit flexibility this offseason.

Then, Lillard is set to sign a super-max extension that will take effect in 2021. As great as Lillard is, it’ll be difficult building a contender around someone projected to earn $43 million, $46 million, $50 million and $53 million from ages 31-34. There’s so little margin for error, especially if ownership is less willing to pay the luxury tax than the late Paul Allen was.

But Olshey has earned a chance to handle these dilemmas.

Rumor: Wizards interested in Trail Blazers president Neil Olshey

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The Wizards struck out on luring Nuggets president Tim Connelly.

Washington’s next choice?

Ben Standig of NBC Washington:

As for the rumor mill, one name stands out: Neil Olshey.

Numerous sources told NBC Sports Washington of the Wizards’ interest in Blazers President of Basketball Operations

Olshey has done a good job in Portland. He drafted Damian Lillard and CJ McCollum then built a winner around those two after LaMarcus Aldridge left. Trading for and re-signing Jusuf Nurkic to a reasonable contract looks great. Olshey also overpaid Evan Turner, Meyers Leonard, Allen Crabbe and Festus Ezeli, but many teams spent wildly in 2016. It was a weird summer.

The Wizards would do well to hire such a proven executive.

Would Olshey leave the Trail Blazers? Their ownership situation remains uncertain following the death of Paul Allen in October. Wizards owner Ted Leonsis has demonstrated extreme loyalty to his executives.

Portland will also reportedly sign Damian Lillard to a super-max extension – a move that practically must be made, but one that carries massive downside risk. However, if he goes to Washington, Olshey would be trading uncertainty in Damian Lillard’s value on the super-max for certain negative value with John Wall on his super-max extension.

A couple years ago, Olshey signed his own extension through 2021. Maybe he’s ready to move on.

Or maybe he’s ready to use the Wizards as leverage for a raise.

Kemba Walker gets super-max eligibility with All-NBA voting; Bradley Beal, Klay Thompson miss out

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Super-max contracts have made All-NBA teams incredibly important.

This year’s selections (first-team votes, second-team votes, third-team votes and voting points in parentheses):

First team

G: James Harden, HOU (100-0-0-500)

G: Stephen Curry, GSW (91-9-0-482)

F: Giannis Antetokounmpo, MIL (100-0-0-500)

F: Paul George, OKC (71-25-3-433)

C: Nikola Jokic, DEN (59-38-2-411)

Second team

G: Damian Lillard, POR (8-87-5-306)

G: Kyrie Irving, BOS (0-52-39-195)

F: Kevin Durant, GSW (29-71-0-358)

F: Kawhi Leonard, TOR (0-73-23-242)

C: Joel Embiid, PHI (40-57-4-375)

Third team

G: Russell Westbrook, OKC (1-43-44-178)

G: Kemba Walker, CHA (0-4-39-51)

F: Blake Griffin, DET (0-13-76-115)

F: LeBron James, LAL (0-13-72-111)

C: Rudy Gobert, UTA (1-5-69-89)

Also receiving votes: Bradley Beal, WAS (0-1-31-34); Klay Thompson, GSW (0-3-18-27); Karl-Anthony Towns, MIN (0-0-20-20); LaMarcus Aldridge, SAS (0-2-11-17); Danilo Gallinari, LAC (0-1-4-7); Ben Simmons, PHI (0-0-7-7); Mike Conley, MEM (0-0-4-4); Donovan Mitchell, UTA (0-0-4-4); Pascal Siakam, TOR (0-0-4-4); Nikola Vucevic, ORL (0-0-4-4); Dwyane Wade, MIA (0-1-0-3); Luka Doncic, DAL (0-1-0-3); Andre Drummond, DET (0-1-0-3); DeMar DeRozan, SAS (0-0-3-3); D’Angelo Russell, BRK (0-0-3-3); Tobias Harris, PHI (0-0-2-2); Devin Booker, PHO (0-0-1-1); Eric Gordon, HOU (0-0-1-1); Jrue Holiday, NOP (0-0-1-1); Kyle Lowry, TOR (0-0-1-1); Lou Williams, LAC (0-0-1-1); Marvin Bagley III, SAC (0-0-1-1); Domantas Sabonis, IND (0-0-1-1); Anthony Davis, NOP (0-0-1-1); Myles Turner, IND (0-0-1-1)

The fallout:

  • Kemba Walker is now eligible for a five-year super-max contract projected to be worth $221 million over five years. Will the Hornets offer it? Would he accept it? Difficult decisions for both sides as he enters free agency this summer.
  • The Wizards dodged a bullet with Bradley Beal placing a fairly distant seventh among guards for three All-NBA spots. A super-max extension for him would have been too large a commitment right now, and not offering it threatened to alienate him. Forces would have been pushing toward a trade. Now, Washington’s options with Beal – who has two years left on his contract – are wide open. If he continues to play well and earns All-NBA in a future season, the Wizards could justify giving him the super-max then.
  • Likewise, the Warriors avoid their payroll skyrocketing as far into the stratosphere. Klay Thompson didn’t make All-NBA and therefore his max contract is capped at five years, projected $190 million. Considering he seems so happy in Golden State, the extra spending power of the super-max likely would have only cost the Warriors money without actually making Thompson more likely to stay.
  • Karl-Anthony Towns missed his last chance to trigger the super-max in his rookie scale extension, which will pay him a projected $158 million over the next five seasons. He would have earned about $32 million more with an All-NBA selection. The Timberwolves now have Towns secured at the lower amount. They surely hope the sense of urgency he showed late this season persists.
  • Damian Lillard has clinched eligibility to sign a super-max extension this offseason (four years, projected $193 million) or the 2020 offseason (five years, projected $250 million). He’ll reportedly ink the deal this summer with the Trail Blazers.
  • Bucks superstar Giannis Antetokounmpo will be eligible in the 2020 offseason for a super-max extension projected to be worth $250 million over five years. He’ll probably sign it. But until he does, all eyes will be on him.
  • Anthony Davis can this offseason sign a five-year, super-max extension projected to be worth $235 million with the Pelicans. He doesn’t want to. David Griffin has made noise about keeping Davis into 2020 free agency. But because he missed All-NBA this season, Davis isn’t guaranteed to be super-max-eligible then. He’d have to make All-NBA next season. So, New Orleans would have less of an upper hand in re-signing him – which makes a risky strategy even riskier.
  • The actual All-NBA teams look good to me. I would have picked Bradley Beal and Jrue Holiday over Russell Westbrook and Kemba Walker, but it was close. I have no significant complaints about the players chosen.
  • On the other hand, some of the stray votes: Dwyane Wade (second team!),  Eric Gordon, Domantas Sabonis, Marvin Bagley III. Wow.

Eight players/teams, hundreds of millions of dollars and one high-stakes All-NBA vote

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NBA award votes were cast at least 40 days ago. The regular season being judged ended even before that. After rounds of high-level playoff basketball, it’s easy to lose interest in these honors.

But All-NBA selections – which the league plans to release this week – can’t be overlooked.

They could determine the fates of several players and franchises.

In 2011, the NBA began allowing a higher max salary for certain young players. The Collective Bargaining Agreement got updated in 2017 to allow certain veterans to earn super-max salaries. The most common route to eligibility: Making an All-NBA team.

Here are eight players and teams with a lot riding on these results:

Kemba Walker, Hornets

The Hornets haven’t given Kemba Walker a playoff-series victory. They haven’t given him an All-Star teammate. They didn’t even give him Marc Gasol before the trade deadline.

But they can potentially give him a super-max contract.

It might be a necessary tool to retain the greatest player in franchise history.

A year-and-a-half ago, Walker said he’d be “devastated” if Charlotte traded him. A couple months ago, a rumor emerged Walker was likely to leave in free agency. This has gone south quickly.

Yet, don’t rule out Walker re-signing – especially if the Hornets can offer him a super-max contract projected to be worth $221 million over five years. That’s far larger than Walker’s projected max if leaving, $140 million over four years.

Heck, if he doesn’t make an All-NBA team, Walker might even return for his regular max, projected to be $190 million over five years.

That begs the question: How badly do the Hornets want Walker back? Their outlook is bleak either way.

Keeping Walker would make them far more competitive in the short term but carry serious downside risk with the 29-year-old point guard. Maxing out, let alone super-maxing out, Walker would also force Charlotte to clear salary unless Michael Jordan is willing to make an unprecedented trip into the luxury tax. So, a lackluster roster would get even further depleted.

Walker leaving would invite other problems, namely the loss of the team’s best player. The capped-out Hornets would have no mechanism to adequately replace him. They’d be heading into a year of purgatory then rebuilding from near rock bottom.

It’s hard to see Walker settling for the regular max if he’s eligible for the super max. But if Walker misses All-NBA and constrains Charlotte’s offer, the regular max could be enough.

Walker seems to take pride in representing the Hornets and living in Charlotte. He also appears fed up with the franchise’s losing.

These opposing forces will pull at him this summer.

A giant bag could soothe everything. Or its absence could be the final straw.

Karl-Anthony Towns, Timberwolves

Karl-Anthony Towns signed a five-year contract extension last fall that projected to be worth $158 million or $190 million.

Why the $32 million difference? It depends whether Towns makes All-NBA this season.

Eventually, he pushed to trigger that extra money.

Towns averaged 28-13-4 after the All-Star break, up from 23-12-3 prior. Minnesota didn’t suddenly start winning more. But Towns posted shiny numbers.

The Timberwolves would love if Towns maintained that urgency. For all his talent, he has too often failed to assert himself on the court.

But they also might quietly like if he misses All-NBA this season. With Andrew Wiggins already on a max contract, paying Towns an extra $6 million or so per year would further squeeze flexibility.

Towns still looks like he’d be worth the super-max over the next five years. But he could be a bargain at the regular max.

Klay Thompson, Warriors

The near-consistent expectation since the season began: Golden State will sign Klay Thompson to a max contract this summer. If the Warriors offer any less, he’d take it as a sign of disrespect and explore the market.

That implies Thompson will demand the super-max if eligible for the projected five-year, $221 million contract (up from a projected $190 million over five years with the regular max). The difference could be quite costly for Golden State.

If they re-sign Kevin Durant, waive and stretch Shaun Livingston and fill their roster with minimum players, the Warriors’ projected luxury tax depending on Thompson’s contract type:

  • Regular max: $128 million
  • Super max: $161 million

Considering Thompson’s salary, this All-NBA vote could cost Golden State an additional $38 million next season alone.

Of course, Durant might not stay. If he leaves, the Warriors could even avoid the dreaded repeater tax altogether.

But the issue looms next year, when Draymond Green will be up for a big raise. There’s no easy way maintain a championship contender without it getting very expensive.

Thompson’s All-NBA status will go a long way toward determining just how much it costs Golden State to remain elite.

Bradley Beal, Wizards

Washington knows the danger of offering the super-max to someone who has made only one All-NBA team and won’t hit free agency for another two years. John Wall is the poster child for the super-max gone wrong. His extension hasn’t even taken effect yet, and his contract is arguably the NBA’s worst.

You think Bradley Beal is willing to let that become his problem?

Beal stepped up while Wall was injured and earned serious All-NBA consideration. Beal is extolling his loyalty to the Wizards. Even as he says he wouldn’t rush to sign the super-max if offered, Beal sounds ready to get paid.

Washington should be reluctant. A projected $193 million over four years is a lot of money for a player of his caliber, and it could doom the franchise for years. A super-max extension would also prohibit the Wizards from trading Beal for one year, taking him off the market while his value remains high. Plus, with Wall already on the books, Washington has less margin for error.

I can’t imagine it’d go over well with Beal if the Wizards spurned him because Wall got overpaid first – especially considering the history of friction between those two.

Yet, it’d be incredibly risky for Washington to commit so much to Beal now. There’d be only a narrow path for Beal to lead the downtrodden team to meaningful winning next season. All the while, he’d be ineligible to be traded. Longer term is hazier, which is treacherous uncertainty when someone could get paid so much.

If Beal makes All-NBA, there’s a good case the Wizards shouldn’t offer him a super-max extension. If they don’t offer him the super-max extension, there’s a good chance he’ll resent it.

Where this all leads: If Beal makes All-NBA, that could prompt Washington to trade him.

That wouldn’t be just an unintended consequence of the super-max. It’d be the exact opposite of the super-max’s intended design.

Maybe Beal won’t make All-NBA, which would create its own set of complications. Beal would be just two years from unrestricted free agency, and a non-super-max extension seems unlikely. But at least doors would be open.

If he makes All-NBA, suddenly there’d be a lot of pressure on the Wizards to commit one way or the other on him. Not an ideal situation, especially for a team without a general manager.

Anthony Davis, Pelicans

Anthony Davis made a trade request.

David Griffin has indicated he might not honor it.

That’s probably a combination of hope and bluff. Griffin obviously wants Davis in New Orleans, but if Davis remains intent on leaving, it’s tough to keep him. However, by announcing a plan to sell Davis on the Pelicans over the next year, Griffin improves his trade leverage.

Of course, Griffin might actually follow through and keep Davis into 2020 free agency. That plan becomes much more tenable (or improves the viability of Griffin’s bluff) if Davis makes an All-NBA team this year.

The Pelicans can already offer Davis a super-max extension this offseason. But if Davis makes All-NBA this season or next, they could also re-sign him to a super-max contract in 2020 free agency. The extension or fresh contract would have the same terms – projected to be five years, $235 million.

That’s a lot more than Davis’ projected max with other teams in 2020 ($156 million over four years).

If Davis misses All-NBA this season and next, New Orleans would still have a financial advantage in its 2020 offer for Davis (projected max of $202 million over five years). Davis could still qualify for the super max with the Pelicans in 2020 free agency by making All-NBA next season.

But that’s obviously a smaller guaranteed edge without him clinching super-max eligibility this season. It’d be incredibly risky for the Pelicans to keep him into 2020 free agency without knowing they’d have the bigger upper hand.

It’s probably too risky to keep him, anyway.

Davis has said the extra money won’t sway him. His trade request affirms that.

But people change their minds.

More money only helps.

Damian Lillard, Trail Blazers

Lillard will make an All-NBA team, but the playoffs would always go a long way toward answering questions that remained.

Would Portland commit now to paying Lillard a projected $193 million from ages 31-34? Would Lillard lock into team control for six more years?

After the Trail Blazers’ run to the Western Conference finals, the answer is clear: Yes.

This is the designated-veteran-player extension everyone should be watching. If it doesn’t work with Lillard – an excellent player and even better leader – it could prompt changes in the next CBA.

Nikola Vucevic, Magic

I see six centers as legitimate All-NBA candidates: Nikola Jokic, Joel Embiid, Rudy Gobert, Karl-Anthony Towns, Anthony Davis and Nikola Vucevic. Vucevic’s case is surprisingly strong.

Among those six, Vucevic ranks second in real-plus-minus-based wins, third in PER-based estimated wins added, fourth in win shares and fourth in value over replacement player.

Plus, there are the factors that shouldn’t matter, but often do. Vucevic has the narrative of working his way into first being an All-Star in his eighth season and ending Orlando’s six-year playoff drought. There will definitely be no voter fatigue with him.

I don’t expect Vucevic to make All-NBA, but I also wouldn’t be shocked if, as voters researched their picks, he holds up well. If he gets on some ballots and many voters are divided on other candidates, it’s possible for Vucevic to sneak onto the third team.

Even if that happened, though, is it possible he’d actually get a super-max contract?

It’s hard to see the Magic – whose front office inherited, rather an acquired, Vucevic – paying him that much. He’s 28 and has made the All-Star team only once. Orlando barely snuck into the playoffs in the East with him. He had a very fine season, but that doesn’t mean his long-term trajectory has completed changed.

I’d be quite surprised if the Magic gave him a regular-max contract (projected to be $190 million over five years). A super-max contract (projected to be $221 million over five years)? That’s barely even imaginable.

[Correction: Newly signed designated-veteran-player contracts, as opposed to extensions, must cover precisely five seasons.]

Giannis Antetokounmpo, Bucks

Giannis Antetokounmpo seems happy in Milwaukee.

The Bucks can secure him in 2020.

Antetokounmpo is too inexperienced to sign a veteran-super-max extension this offseason. But because he made All-NBA last year and will certainly make it again this year, he’ll already clinch eligibility to next year sign a super-max extension projected to be worth $250 million over five years.

A lot can change in year, including Antetokounmpo’s desire to stay in Milwaukee. But the Bucks can do their part to keep Antetokounmpo happy between now and then. That starts with advancing from the Eastern Conference finals, where Milwaukee is tied 2-2 with the Raptors. The Bucks can also pay the luxury tax to keep their strong supporting cast intact next season. Follow that with another deep playoff run next year, and Antetokounmpo seems highly likely to stay.

Still, the only certainty once Antetokounmpo makes All-NBA this year, will be in his eligibility for a super-max extension next year. His and Milwaukee’s views on it once it can actually be signed can’t be known until then.f

Tim Connelly eager to finish what he started with Nuggets

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DENVER (AP) The prospects of a return home to Washington were undeniably appealing to Tim Connelly.

Not nearly as alluring as this: Finishing what he’s started.

The Denver Nuggets president of basketball operations elected to stay in town even with the Wizards calling. Things are booming these days with a Nuggets team that boasts a young nucleus led by big man Nikola Jokic and that won 54 games in the regular season. They were the No. 2 seed in the West before losing to Portland in Game 7 at home during the second round of the playoffs.

There was just too much work left to be done in Denver to consider taking Washington’s front office job even if it would’ve been with the organization where Connelly got his start and in the area where he and his wife are from.

“It’s safe to assume, and maybe it’s me being overly optimistic, that we’re going to see a better version of us next year,” Connelly said Tuesday. “I don’t know if that means more wins. I don’t know if we’re going to win a playoff series and advance, but I don’t think there’s any reason to think there will be any regression next season.”

A Baltimore native, Connelly appreciated the audience with Wizards owner Ted Leonsis. He said he was flattered by their recent “exchange of ideas” as the Wizards look to fill the role of team president after Ernie Grunfeld was fired in April.

“The relationships that have been built up here and the hard times we’ve been through – it was very hard to envision leaving something that has been so hard and so long coming in its build,” said Connelly, who broke into the NBA with the Wizards as an intern in the basketball operations department, then as an assistant video coordinator and as a scout.

Connelly was hired as Denver’s general manager in July 2013 and it took a while for the team to take off. Team President Josh Kroenke stayed patient with him. Connelly brought in coach Michael Malone before the 2015-16 season and they’ve steadily progressed since – from 33 wins in Malone’s first year to 40 wins in ’16-17 to 46 in ’17-18 and finally to 54 this season, including a league-leading 34-7 home mark.

“We did not get off to a good start by any stretch, and (Kroenke) doubled down on what easily could have been perceived as an initial mistake because he liked the processes and liked how we attacked our job day to day,” said Connelly, who was promoted to president of basketball operations in 2017. “Loyalty and patience is such a rarity in professional sports and that’s here in spades. So those things matter to me.”

Connelly and his staff have struck it rich in the draft, taking Jokic with the 41st pick of the second round in 2014. They’ve also selected Jamal Murray, along with up-and-comers Juancho Hernangomez, Malik Beasley and Michael Porter Jr., who sat out this season as he recovered from back surgery.

The biggest offseason decision remains this: What to do with veteran leader Paul Millsap. The team holds a $30 million option, which could be restructured.

“I fully expect Paul to be back in a Nuggets uniform,” Connelly said.

On the free agency front, Denver hasn’t exactly been an attractive landing spot in recent summers. But Connelly sees that starting to change and believes the unselfish play of Jokic could be an enticing selling point. Denver could be in the market for another shooter and a power forward in order to take the next step.

“It will be fascinating to make those calls” in free agency, Connelly said. “If they say it’s about winning and the answer is about winning and they don’t talk to us, then I think it’s a disingenuous answer.”

The Nuggets definitely turned some heads throughout the regular season as they challenged Golden State down to the wire for the best mark in the West. They beat San Antonio in seven games in the first round before falling to the Trail Blazers.

“We sent a pretty loud message,” Malone said. “I think there were questions about our team all year long, for whatever reason: How legitimate are they? Are they really a No. 2 seed? Can they take their game into the playoffs with so many young guys that’ve never been there before?

“We answered so many questions about our team in the best way possible.”

NOTES: Malone said Jokic’s race horse, Dream Catcher, recently won a race in Serbia. “He made sure I knew about it, because the last race he won I was at,” Malone said. “I thought I was a good-luck charm but obviously I’m not.”

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