Posted on: July 9, 2010 5:45 pm
Edited on: July 9, 2010 6:56 pm
Shut out in their pursuit of LeBron James and Dwyane Wade, the Knicks are close to landing a more traditional point guard to run Mike D'Antoni's offense. Free-agent Raymond Felton is close to a multi-year agreement to join Amar'e Stoudemire in New York.
With cap space to burn after James turned down the Knicks for a chance to join Wade and Chris Bosh in Miami, the Knicks have quickly turned to Plan B. First, they got Anthony Randolph, Kelenna Azubuike and Ronny Turiaf from Golden State in a sign-and-trade that sent David Lee to the Warriors. Team president Donnie Walsh's next target was a point guard or point-forward capable of inititiating D'Antoni's up-tempo, pick-and-roll offense. Felton, 26, the fifth pick in the 2005 draft, is the best available option and a good fit for D'Antoni's system. Though Felton averaged career lows in scoring average (12.1) and assists (5.6) last season, he shot a career-high 39 percent from 3-point range.
With Felton and Randolph, the 14th pick in 2008, the Knicks are on the verge of acquiring two recent lottery picks in the less than 24 hours since James turned them down. The team had been holding out hope that it could outbid the Heat and Bulls for sharpshooter Mike Miller, but Knicks president Donnie Walsh said on a conference call with reporters Friday that Miller was signing with the Heat, who offered a five-year, approximately $30 million deal.
Free-agent Kyle Korver has agreed to a three-year, $15 million deal with the Bulls, a person with knowledge of the agreement confirmed to CBSSports.com Friday. ... Agent Henry Thomas reports steady progress on contracts for Dwyane Wade and Chris Bosh, with all signs pointing to Bosh going to Miami in a sign-and-trade that would land him the same six-year, $126 million deal that Wade will get to stay with the Heat. Max deals starting at $16.57 million for all three of the Miami free agents would become available if the Heat are able to pull off a sign-and-trade for LeBron James, who committed to Miami Thursday night. The maneuver, along with the trade of Michael Beasley to Minnesota, also would open up space for Miami to retain free-agent Udonis Haslem. ... Our Facts & Rumors blog has the goods on Tyrus Thomas agreeing to a five-year, $40 million deal to stay in Charlotte with the Bobcats.
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 13, 2010 6:47 pm
Edited on: February 13, 2010 7:19 pm
DALLAS – Steve Kerr and Danny Ferry met Friday at All-Star weekend, a sure sign that Cavaliers’ pursuit of Amar’e Stoudemire has intensified. But if anybody knows the downside of such a move, it’s Kerr.
One snag in a possible pairing of Stoudemire and LeBron James in Cleveland would be another kind of pairing that’s already been tried and didn’t work. Shaquille O’Neal and Stoudemire could not co-exist in Phoenix, one of many reasons Kerr was forced to undo his mistake and send Shaq to the Cavs.
According to sources, there’s a fear among some members of the Cavs’ organization that, while Stoudemire would be a good long-term pairing with LeBron, incorporating him on the floor with Shaq might present too difficult an adjustment for the rest of the season. In Phoenix, Shaq and Stoudemire were unable to make the low-post, high-post thing work – and that was with a world-class point guard, Steve Nash. With the Cavs, Shaq and Amar’e clogging the middle might frustrate LeBron and turn him into too much of a jump shooter.
This problem would be moot after the season, when Shaq presumably will sign with another team or retire. But with an NBA-best 37-11 record at the All-Star break, shaking things up would be risky. It only underscores how critical this decision is for Cleveland. Make a bold move to placate LeBron, only to risk accelerating his departure.
The Cavs brass are said to be consulting LeBron on all matters Amar’e, and it’s possible that James will be able to sell GM Danny Ferry and coach Mike Brown that he could make it work. Having said that, sources say the Miami Heat’s interest in Stoudemire has not waned. Miami, though, has the luxury of possessing enough cap space to sign a marquee free agent to pair with Dwyane Wade this summer. The Cavs are capped out and would only be able to give LeBron another top-shelf free agent through sign-and-trades.
With that sense of urgency in mind, the Cavs have not moved off Washington’s Antawn Jamison as a solution. Jamison was James’ original target, and sources say the Wizards – despite playing hard-ball in discussions with rival GMs – are now committed to trading Jamison. Like Phoenix, the Wizards don’t merely want cap relief in exchange. They want assets and possibly a quality draft pick as well.
Here’s more of the trade chatter, culled from conversations with GMs, agents, and others in the know in Dallas and beyond:
• The Wizards-Mavericks deal has now expanded to include two more players and now looks like this: Washington gets Josh Howard, Drew Gooden, James Singleton and Quinton Ross in exchange for Caron Butler, Brendan Haywood and DeShawn Stevenson, sources say. You may be wondering, as I am, why Washington chose this deal instead of another blockbuster that would’ve sent Jamison and Butler to Boston for a package including Ray Allen. According to sources, a handful of Eastern Conference GMs pressured Wizards GM Ernie Grunfeld to shy away from the Boston deal for obvious reasons. “It would screw up the balance of power in the East for three years,” one executive said. One theory circulating in Dallas is that Grunfeld didn’t want to alienate other teams he might need to do business with as he continues dismantling the roster in the wake of the Gilbert Arenas firearms fiasco.
• There’s hope in some circles that talks between the Rockets and Bulls on a deal centering around Tracy McGrady and Tyrus Thomas could be rekindled, although one source with knowledge of the situation said Saturday that Houston’s interest in Thomas could be separate from any McGrady scenario. McGrady’s $23 million expiring contract would help the Bulls amass the kind of cap space they’re seeking in their bid to lure two max free agents this summer. But several other teams – Portland, San Antonio, and Denver – could have more to offer.
• The Knicks continue to pursue Thomas in a package that would send Al Harrington and his $10 million expiring contract to Chicago. Harrington’s movement-killing tendencies on offense are frustrating coach Mike D’Antoni, who believes Thomas’ length and athleticism would be a good long-term fit. In any event, D’Antoni would get to look at Thomas in his system for the rest of the season before deciding whether to retain him as a restricted free agent.
Posted on: October 21, 2009 10:59 pm
The Trail Blazers entered the offseason not knowing whether they'd be able to work out contract extensions with Brandon Roy or LaMarcus Aldridge, the two pillars of a team on the rise. Now, they've got both off them done -- or close to it.
Posted on: June 24, 2009 6:12 pm
Edited on: June 24, 2009 6:22 pm
Here’s your second cup of pre-draft trade buzz of the day. In case you missed it, the first cup is here. One more cup, and you will have consumed as many cups of trade buzz as I’ve consumed coffee today:
• The Trail Blazers, known to be seeking an upgrade at point guard, have expressed interest in the Bulls’ Kirk Hinrich. But a possible Portland-Chicago trade involving Hinrich has yet to enter the realm of serious discussion, according to a person familiar with the situation. While there has been speculation for months that the Bulls would be open to moving Tyrus Thomas, who has been linked to Hinrich in a possible Portland trade, Thomas has been told there’s “nothing at all” on the table involving him at this point, the person said.
• The Suns are hoping to pry Oklahoma City’s 25th overall pick, using a 2010 unprotected first-rounder as bait.
• The Knicks, convinced they cannot land Davidson guard Stephen Curry with the eighth pick, continue to actively explore ways to move up. New York also has engaged in talks with Minnesota about acquiring the 28th pick and Memphis about No. 27.
• We’ve already told you about the Atlanta-Golden State trade that would send Jamal Crawford to Atlanta – a trade I don’t really understand. Crawford is owed more than $19 million over the next two seasons and isn’t a natural point guard (and thus can’t be viewed as a reasonable replacement for unrestricted free agent Mike Bibby). Do the Hawks hate the $7.4 million owed to Speedy Claxton and Acie Law so much that they’re willing to try to force-fit Crawford into an offense already dominated by Joe Johnson and Josh Smith? There must be something more to this.
• Loyal BergerSphere readers also are aware that the Blazers and Mavericks have swapped the 24th and 22nd picks, respectively, with Portland giving up one of its four second-round picks -- 56th overall -- for the right to move up two spots.
Back with more -- and back to the coffee pot -- as needed.