Posted on: June 14, 2010 1:45 am
BOSTON -- Dwyane Wade sat courtside Sunday night for Game 5 of the NBA Finals, a stage that he desperately wants to revisit. His coach in the 2006 Finals, Pat Riley, recently floated the idea that, if asked, he wouldn't rule out a return to the bench. Wade, for one, isn't planning for such a comeback.
"That’s just something that was said," Wade said after the Celtics beat the Lakers 92-86 to take a 3-2 lead in the Finals. "That’s not anything we’re concentrating on right now in Miami."
Wade said Riley hasn't spoken with him recently about his plans for next season, when it is believed that a request from a marquee free agent would prompt Riley to come down from the executive suite and replace the highly regarded but ringless Erik Spoelstra on the sideline.
"Right now, Spo’s the coach and that’s what I plan for going forward," Wade said.
Wade, one of the top free agents of the frenzied summer that will begin in earnest July 1, prefaced his willingness to answer questions in the hallway leading to the locker rooms with the following caveat: "As long as it's not about free agency." But Wade did confirm a report in the South Florida Sun-Sentinel that he spoke last week in Los Angeles with fellow prospective free agents Chris Bosh and Joe Johnson.
"We’re just friends," Wade said. "Just like you talk to your friends, we’re all friends and we all communicate."
Though Wade said he hasn't begun the recruiting process to help lure another star to Miami, the notion of Riley returning to coach could be a big draw. Of the teams with the most cap space to chase free agents, the Nets (Avery Johnson) and Bulls (Tom Thibodeau) have committed to new coaches. The Knicks already have Mike D'Antoni, who is close to several top free agents from his time as an assistant for Mike Krzyzewski with Team USA. The Clippers are holding out hope that they could lure Larry Brown or Phil Jackson, and the Cavs have made a five-year, $30 million play for the top name in college coaching, Tom Izzo.
For now, in Wade's mind, Riley should be excluded from that list. Just know that recruiting season hasn't really begun yet.
Posted on: May 21, 2010 11:38 pm
With speculation growing over where LeBron James and other marquee free agents will wind up July 1, the player who could represent the best consolation prize is about to move one step closer to coming off the market.
Representatives for three-time All-Star Carmelo Anthony and the Denver Nuggets have scheduled a face-to-face negotiating session with the hopes of agreeing on a three-year extension that would keep the coveted scorer from hitting the free-agent market in 2011, sources familiar with the situation told CBSSports.com. Since Anthony, who turns 26 later this month, isn’t a free agent this summer, he is free to discuss an extension with his team prior to the opening of the negotiating period July 1.
The Nuggets, fully aware that Anthony would be in high demand in 2011 among teams that strike out in their pursuit of James, Dwyane Wade and other marquee free agents this summer, are hopeful that this will be the first step toward “making Melo a Nugget for a long time,” one of the people familiar with the team’s strategy said.
Anthony’s agent, Leon Rose, declined comment recently when approached after a playoff game and asked about Anthony’s future. Rose, of course, has a full plate now that James’ season has ended and his long anticipated foray into unrestricted free agency is in full froth. With six weeks to go before James can terminate his contract and hit the market, speculation about where he will go has reached a fever pitch. But hardly anyone is paying attention to Anthony, who would be the ideal consolation prize for teams like the Knicks, Nets, Bulls, Heat, Clippers and Wizards if they fail to lure the free agents of their choice this summer.
Anthony signed his current agreement in 2006, the same summer when James, Wade and Chris Bosh all chose three-year extensions with an early termination option in the fourth year that would maximize their ability to hit the free-agent market in the prime of their careers. Anthony opted for a four-year deal with an option for a fifth year, thus choosing the additional money and security over flexibility. The Nuggets are hopeful that Anthony will follow the same strategy again, especially with the very real threat of a lockout in 2011 and ultimately a salary structure that is expected to be far less favorable to the players, sources say. Some circumstances have changed. Anthony’s current deal was negotiated by agent Bill Duffy, whereas his current agent, Rose, negotiated the shorter extensions for James, Wade and Bosh. Ultimately, though, it comes down to what the player wants.
Anthony will have to weigh those financial realities against the possibility that the Nuggets’ roster built around him and an aging Chauncey Billups has gone as far as it will go with the current core group. Also, sources say Anthony perpetually feels slighted among the league’s top talent and may want to seek a bigger stage to pursue his rightful place in the league’s pecking order.
For example, if James turns down the Knicks’ overtures this summer and stays in Cleveland or signs with the Bulls, imagine what a star Anthony would be in New York if he returned to his birthplace next summer with a chip on his shoulder. Not only would he have an opportunity to prove the doubters wrong about his own talent, but he also would be the perfect candidate to tap into Knicks fans’ anger over being jilted by James. During the Knicks’ most recent run of success in the 1990s, they were immensely popular in New York not only because they were successful, but because they never had the league’s best player. The underdog/villain role would suit Anthony’s personality perhaps better than any of the league’s current superstars.
While Anthony was born in New York, he grew up in the Washington, D.C., area, and the Wizards’ just became a far more attractive destination for free agents with the draft lottery triumph that will land them No. 1 pick John Wall. The point is, Anthony will have options galore if he decides to forgo an extension this summer and hit the market in 2011. And that’s something both sides in his imminent contract negotiation understand quite well.
Posted on: May 11, 2010 3:48 pm
CLEVELAND -- On a cold, dreary day in the town that LeBron built -- I even saw a few snowflakes this morning, if you can believe it -- some dastardly news was unleashed on Cavaliers fans.
Posted on: April 16, 2010 2:45 pm
Edited on: April 16, 2010 3:33 pm
NEW YORK -- At the end of a typically mundane summary of the NBA's two-day Board of Governors meeting, commissioner David Stern dropped a bombshell of sorts Friday. And it means that teams chasing 2010 free agents will have considerably more money to spend than they thought.
Based on a more optimistic revenue picture than the league was projecting as recently as All-Star weekend, Stern said the revised projection for the 2010-11 salary cap is $56.1 million. That's significantly higher than last summer's estimate of between $50.4 million and $53.6 million -- figures that were floated last summer in a doomsday memo to teams that warned of a league-wide revenue decline of between 2.5 percent and 5 percent.
Teams that have been clearing cap space to pursue marquee free agents like LeBron James and Dwyane Wade this summer -- such as the Knicks, Nets, Bulls, Heat and Clippers -- have spent much of the season budgeting on a $52 million cap in '10-'11, which would've been a nearly $6 million drop from this season's payroll limit of $57.7 million. The reason for the healthier figure was what Stern called a "Herculean effort" by teams to prop up ticket and sponsorship sales that were hit by the recession.
Stern said "it's pretty clear" that although revenue will still be down from last season, the drop will "not be as much as we feared at the beginning of the season."
One of the people most affected by the revised financial picture, Knicks president Donnie Walsh, was sitting in the second row of Stern's news conference when the announcement was made. Walsh, who already was figuring on having enough cap space to sign two max free agents for about $32 million, now has more flexibility.
Walsh, who was on hand to learn the result of a draft-pick tiebreaker, merely smiled when I dropped this line on him after Stern's news conference broke up: "Now you have enough money for two max players and Jerome James."
But the news was far more significant than that for an organization like the Knicks, which has hitched its future to the hope of landing at least one major free agent this summer when numerous NBA stars will be on the market. In addition to courting LeBron, Walsh also will be exploring sign-and-trades to revamp the roster and will be simultaneously juggling his desire to retain unrestricted free agent David Lee. For every dollar the cap exceeds Walsh's $52-$53 million projection, it helps his efforts on all fronts.
Similarly, the Heat now don't have to sweat losing Wade nearly as much, as they'll get $2-3 million more space on top of the $18-$19 million they were already projecting -- money that can be used to sign a star and a second-tier player to placate Wade and persuade him to stay. The Bulls now will have enough room to sign a max player and add another piece without doing a salary-dump trade beforehand.
So what changed?
The precipitous decline in the cap that teams were warned about last summer was based on a doomsday projection of an 11 percent collapse in gate (or ticket) revenues, a person with knowledge of league finances told CBSSports.com. As the league closes the books on the regular season, the person said gate revenue actually declined only 7 percent. Based on league-wide gate receipts of $1.1 billion last season, an 11 percent decline would've amounted to a loss of $120 million in ticket revenue. A 7 percent decline at the gate would result in a loss of only $77 million.
Whereas league officials were projecting a decline in overall league revenue of between 2.5 and 5 percent last summer, the revised figure now calls for only a 0.5 percent decline, said the person familiar with league finances, who spoke on condition of anonymity. Basketball-related income, or BRI, determines the salary cap and luxury tax threshold, which is now estimated to be $68 million next season -- down only slightly $69.9 million this season.
Stern was less specific about a controversial number related to the ongoing negotiations aimed at achieving a new collective bargaining agreement and avoiding a lockout after the '10-'11 season. Despite the rosier revenue picture he painted, Stern didn't back off much from the $400 million in league-wide losses he projected for this season during his All-Star address in Dallas two months ago. He placed the new figure at between $380 million and $400 million. Billy Hunter, executive director of the National Basketball Players Association, already has disputed the $400 million figure, telling CBSSports.com last month that it was "overstated."
On the labor front, Stern said the league continues to furnish financial data to the union and that negotiations are taking place on the "staff meeting" level. League owners and executives will meet again during Summer League in Las Vegas, but no high-level CBA talks are expected to occur until after the players submit their counterproposal to the league. Hunter told CBSSports.com last month that the players intend to do that sometime between May 1 and July 1.
Posted on: February 18, 2010 1:28 pm
Edited on: February 18, 2010 4:38 pm
Recovering from an initial blow that saw Tracy McGrady heading to Sacramento overnight, the Knicks successfully expanded it into a three-team deal that sends the former All-Star to New York -- and clears Jared Jeffries' cap-clogging contract, a key person involved in the negotiations told CBSSports.com.
Posted on: February 18, 2010 1:44 am
Edited on: February 18, 2010 2:36 am
The Rockets and Kings have agreed in principle to a deal that would send Kevin Martin to Houston, two sources confirmed to CBSSports.com, while Tracy McGrady would go to the Kings or Knicks depending on whether the trade expands into a three-team deal.
Details of the agreement were still emerging early Thursday, but one of the sources indicated that the Rockets' aggressive pursuit of a landing spot for McGrady and his $23 million contract may not have taken its last turn before the 3 p.m. ET Thursday deadline. A second person involved in the process was hopeful that McGrady would be rerouted to New York, the former All-Star's preferred destination.
Those familiar with the Kings' thinking have long professed their lack of interest in McGrady, but it wasn't clear early Thursday whether T-Mac would be rerouted to New York by the Kings or sent there in a more standard three-way arrangement. Earlier Wednesday, a person with knowledge of the Kings' posture placed the likelihood of Martin remaining in Sacramento past Thursday's deadline at "100 percent." When pressed, the source opened the door slightly. "OK, 95 percent," the person said.
So there you go.
The players involved in the initial version of the deal were Martin, Kenny Thomas, Sergio Rodriguez, and Hilton Armstrong leaving the Kings, with the Rockets contributing McGrady, Carl Landry, and Joey Dorsey.
The tangled web was woven out of discussions among the Rockets, Knicks, and Bulls surrounding McGrady, whose cap-clearing contract was coveted by both Chicago and New York as they get their books in order for the 2010 free agency class. The discussions took numerous turns, including the Bulls failed efforts to recruit a third team to meet the Rockets' demands. Houston, in the end, may have found its own trading partner; the addition of Martin to the scenario significantly enhances what was already a premium price the Rockets were extracting for McGrady, a player they banished in December after an ill-fated return from microfracture knee surgery.
The Knicks and Rockets had spent the past 48 hours discussing a deal that would've sent McGrady to New York as part of a package for Jared Jeffries, Jordan Hill -- the No. 8 pick in the 2009 draft --Larry Hughes and draft pick consideration. The protection on the picks was the sticking point, as the Knicks and Rockets were unable to agree on the conditions under which they would swap 2011 first-round picks and send New York's 2012 first-round pick to Houston.
The Bulls, frustrated with the Rockets' demands and unable to successfully recruit a third team to sweeten their offer, moved on to discussions with Milwaukee, where they will send John Salmons and his $5.8 million owed next season for two expiring contracts.
The Knicks and Rockets may yet get a chance to revive their negotiations if the McGrady deal evolves into a three-way exchange. If not, sources say McGrady hopes to negotiate a buyout and land with a playoff contender.
Posted on: February 16, 2010 5:57 pm
Edited on: February 18, 2010 12:35 am
The Knicks' negotiations with the Rockets on a blockbuster deal that would send Tracy McGrady to New York continued to progress early Thursday as a key piece of Houston's leverage faded from the picture: the Chicago Bulls.
While New York and Houston continued negotiating the level of protection the Knicks would place on two first-round picks involved in the discussion, the Bulls were having trouble finding a third team -- preferably one with extra first-round picks to offer -- as a way to sweeten their proposal, sources said.
Though nothing was resolved over the draft pick issue, it appeared that the Rockets and Knicks were confident enough in the framework of their deal that the Bulls dropped out of the discussions, a high-level source involved in the process said. The situation was described Wednesday night as strictly between the Rockets and Knicks, with the key issue remaining how much protection the Knicks would require on two first-round picks involved in the trade.
In a sign of the Bulls' retreat, John Salmons did not play against the Knicks Wednesday night after management told him to stay at the team hotel in New York while they finalized a trade. Later, the Bulls engaged the Bucks in discussions that would send Salmons to Milwaukee for a package of expiring contracts -- perhaps Kurt Thomas and Francisco Elson, sources said. That deal would pave the way for the Knicks and Bulls to finally orchestrate their long-discussed swap centered around Al Harrington and Tyrus Thomas.
"It's still in play," a person with knowledge of the talks said.
New York officials reported back to the Rockets earlier Wednesday with their protection parameters, and the Rockets were pushing hard for less protection, two people familiar with the talks said. Sources have indicated that once the Rockets received New York's final determination on pick protection, they would choose between offers from the Knicks and Bulls for McGrady, whose $23 million expiring contract is one of the most coveted assets before Thursday's 3 p.m. ET deadline.
The Knicks, having been burned under previous regimes for giving away draft picks with little or no protection, were seeking to adequately protect a 2011 first-round pick that Houston would have the option of swapping with New York and a 2012 first-round pick that could go to the Rockets based on where it falls in the draft. Before word came Wednesday night of the Bulls' withdrawal from the talks, one person familiar with the negotiations said Houston was "asking for too much," while a second person with a stake in the deal continued to say the Knicks continued to have the leading proposal to extract McGrady.
The Knicks would get a package centered around McGrady in exchange for Jared Jeffries, Larry Hughes, Jordan Hill and the draft pick considerations. Shedding Jeffries, owed $6.9 million in 2010-11, comes at a high price -- one that Knicks president Donnie Walsh was having trouble getting comfortable accepting, sources said. The Rockets were asking for so much because they'd face little in the way of negative implications by keeping McGrady and simply letting his contract fall off the books.
Moving Jeffries is crucial to the Knicks' 2010 free agency plan because it would get New York within striking distance of its stated goal of clearing maximum cap space and flexibility heading into the crucial free-agent class that begins July 1. The Rockets, who are getting nothing from McGrady this season, would benefit from an approximately $7 million swing in luxury tax payments -- but that issue was described by one source as "not material" compared to the pick protection.
If the Knicks were successful in shedding Jeffries' $6.9 million contract for next season -- along with Hill, their No. 8 pick in 2009, and Hughes -- they'd be within about $2 million of their elusive goal of clearing space for two max free agents this summer. By completing the McGrady deal as currently constructed, New York would be able to get to the approximately $33 million needed for two straight-up max signings by buying out Eddy Curry's $11.3 million contract for next season. Curry's agent, Leon Rose, also represents the No. 1 potential catch in the 2010 sweepstakes, LeBron James.
Emboldened by the uncertainty surrounding the draft pick issue, the Bulls intensified their research on McGrady late Tuesday night and into Wednesday, a source said. The framework of the Bulls' offer was believed to have included Brad Miller, Thomas, and either Kirk Hinrich or Salmons. If Hinrich were involved, the deal likely would've had another player going to Chicago with McGrady; the Bulls are believed to have wanted either Luis Scola or Carl Landry. The Bulls' interest in one of those players -- combined with their desire to move either Hinrich or Salmons, both owed significant money next season -- appeared to have hurt Chicago's proposal. Hinrich has two years and $17 million remaining, and Salmons is owed $5.8 million next season.
The Knicks completed a minor deal Wednesday, sending Darko Milicic to Minnesota for Brian Cardinal in an exchange of expiring contracts that did not directly impact the McGrady discussions. Walsh told reporters at Madison Square Garden Wednesday night that the NBA had awarded the team cap relief on Cuttino Mobley's $9.5 million, insurance-protected contract -- another step in getting the team's books in order. Also on Wednesday, the Knicks became deeply involved in talks that would send Nate Robinson to Boston as part of a package that would yield 3-point specialist Eddie House.
Posted on: February 11, 2010 5:18 pm
Edited on: February 11, 2010 6:33 pm
DALLAS -- Kobe Bryant's injured ankle will keep him out of Sunday's All-Star Game, with hometown point guard Jason Kidd replacing him for the West. Allen Iverson also will miss the game while he tends to his ill daughter, replaced by David Lee.
Bryant, who tied Wilt Chamberlain, Bob Cousy, Kevin Garnett, and John Havlicek for the third-most All-Star selections with 13, missed the Lakers' last three games before the break with an assortment of injuries. A sprained left ankle is what KO'd him for Sunday.
Kidd's selection means that Golden State's Monta Ellis gets snubbed for the third time. Chauncey Billups and Chris Kaman were previously picked as injury replacements over the Warriors' guard, who is sixth in the league in scoring.
Iverson, an 11-time All-Star, has been out since Feb. 3 to deal with his daughter's undisclosed health issues. Lee, a first-time All-Star having the best season of his career, gives the Knicks their first All-Star selection since 2001. Lee was named MVP of the rookie challenge in 2007.
East coach Stan Van Gundy and West coach George Karl will decide who replaces Bryant and Iverson in the starting lineups.
The NBA's official All-Star roster denotes starters with an asterisk (*) and injury replacements with an ampersand (&). Allow me to suggest using the asterisk for Kidd, whose appointment to the West squad was as much about the weather as anything else. Dallas was beseiged by a persistent snowstorm Thursday, with 7-9 inches predicted before it's over. Kidd, reportedly in Phoenix, will thus have a shot at actually making it to Dallas by Sunday.