Tag:Free Agent Buzz
Posted on: July 12, 2009 12:43 am
Edited on: July 12, 2009 2:24 pm
LAS VEGAS -- The Lakers and Lamar Odom appear to be closing in on an agreement on a multi-year contract. The Orange County Register reported Saturday that the two sides have narrowed the gap in their discussions and that a deal is expected next week.
Odom originally was believed to have been seeking $10 million a year, but the Lakers couldn't stretch that far due to luxury tax implications. Lakers assistant GM Ronnie Lester told the Register that the team may have pushed its offer north of $8 million.
More free-agent buzz:
* Details of the Blazers' offer sheet for Paul Millsap continue to emerge. A person with knowledge of the offer placed it in the four-year, $32 million range. The key component of it is a signing bonus believed to be for several million dollars. It would force Utah to advance Millsap that amount if they decide to match. While the motivation appears to have been to force Utah's hand on its decision to trade Carlos Boozer, a person with knowledge of the Blazers' plans said the team is not concerned about how Millsap would fit into a crowded front court that includes Greg Oden and LaMarcus Aldridge. In pursuing Millsap, the Blazers believed they would be better suited to bang with the more physical Western Conference teams such as the Rockets, Spurs, and Nuggets by adding more big man depth. Stay tuned.
UPDATE: Per the CBA, the maximum signing bonus that can be included in an offer sheet is 17.5 percent of the total value of the contract, excluding performance bonuses -- in this case, $5.6 million. A steep check for most teams in the league to have to write without borrowing the money.
* Restricted free agent Jarrett Jack's offer sheet from the Raptors is believed to be for four years at slightly less than the mid-level exception -- about $5 million annually. The Pacers have seven days to match.
* The Thunder, perhaps the only team with enough cap space to facilitate sign-and-trades, continue to field numerous calls from teams and agents trying to accomplish such deals. One such player is Knicks restricted free agent David Lee, who has yet to receive an offer sheet. But Lee would be exceedingly difficult to trade because his first-year cap number would be exorbitant as a base-year compensation player.
Posted on: July 11, 2009 6:38 pm
LAS VEGAS -- The Knicks are receptive to overtures from Andre Miller's agent to arrange a sign-and-trade that would swap the free-agent point guard for Chris Duhon, CBSSports.com has learned.
Miller's agent, Andy Miller, is pushing for a sign-and-trade to New York in response to the Sixers' lack of interest in bringing the 33-year-old point guard back. The Sixers have expressed a willingness to offer no more than a one-year deal at the $5.9 million mid-level exception. But a person with knowledge of the situation said Philadelphia was lukewarm about even that proposal. The Sixers' brass is ready to move on with Lou Williams at point guard and first-round pick Jrue Holiday backing him up.
The Knicks view Miller as an upgrade over Duhon, a person with knowledge of their plans said. But New York is not willing to go beyond two years on Miller's new contract.
Another team long rumored to have interest in Miller is Portland. But NBA front office sources say the Blazers are not actively pursuing Miller due to their concerns about his age and below-average perimeter shooting.
Posted on: July 11, 2009 6:28 pm
LAS VEGAS -- The Toronto Raptors are on the verge of signing Pacers restricted free agent Jarrett Jack to an offer sheet, CBSSports.com has learned.
Terms of the deal aren't yet apparent, but Jack, 25, would be a younger, faster replacement for Anthony Parker, who has agreed to a two-year deal with Cleveland. As a versatile combo guard, Jack would back up point guard Jose Calderon and also see time at the scoring guard spot. Once Jack signs the offer sheet, the Pacers have seven days to match.
Posted on: July 10, 2009 8:03 pm
Edited on: July 10, 2009 11:25 pm
LAS VEGAS -- While the Utah Jazz were accelerating efforts to trade Carlos Boozer, his presumed replacement received a lucrative offer sheet from the Portland Trail Blazers on Friday. Restricted free agent Paul Millsap received a front-loaded, four-year offer totaling as much as $36 million that will be difficult for Utah to match.
Posted on: July 10, 2009 3:59 pm
Edited on: July 10, 2009 4:54 pm
Grant Hill considered plenty of issues in deciding whether to re-sign with the Suns or accept offers from the Celtics or Knicks. Paramount among them is Hill's expectation that Steve Nash and Amare Stoudemire will be joining him.
"It's important for Grant that Steve be there next year," Hill's agent, Lon Babby, said on a conference call Friday. "I know they have had conversations, so I think he’s quite confident that the team that’s coming back next year is going to be a highly, highly competitive team. And obviously, that would include Steve Nash."
As for Stoudemire, who has been discussed as a possible trade chip in discussions with Golden State that emerged on draft day, Babby said, "That's certainly a concern. I wouldn't say (Hill) has been given any assurances, but I think the expectation is that (Stoudemire) will be there bext year. He has opt-out after next season, but I don’t think there’s any reason to believe he’s not going to be there next year."
Nash, scheduled to become an unrestricted free agent after next season, is in discussed with the Suns about an extension that would keep him in Phoenix.
Hill, 36, accepted a one-year deal with the Suns for $3 million with an option for a second year at $3.2 million, Babby said. The Knicks, who hosted Hill in New York earlier this week for a free-agent visit, offered a one-year deal at the full mid-level exception of $5.9 million. New York also offered a two-year deal with an option for the third, but it was not at the full mid-level for all three years. A longer deal with Phoenix also was discussed, but Hill preferred the 1-year deal with an option, Babby said.
Hill also met with Celtics coach Doc Rivers at least once, spoke numerous times with team president Danny Ainge, and also spoke with Ray Allen, who also is represented by Babby. Like the Knicks, Boston offered all it was able to under the rules, but the Celtics only had the bi-annual exception of about $2 million per year available.
"He thought long and hard about the alternatives," Babby said. "He did not come to this decision easily or lightly. Each of those three places had a lot to offer and very different things to offer. That’s what made it challenging."
Posted on: July 8, 2009 11:32 pm
Edited on: July 9, 2009 8:13 am
UPDATES THROUGHOUT with further details:
Shawn Marion is headed from Toronto to Dallas in a complicated, four-team sign-and-trade that also sends Jerry Stackhouse temporarily to Memphis and delivers a sizeable trade exception to Orlando, pending league approval on Thursday, four sources confirmed to CBSSports.com.
Posted on: July 8, 2009 7:11 pm
Edited on: July 9, 2009 8:30 am
Things keep buzzing along. Here's the latest gathered from executives, agents, and others in the know:
Posted on: July 7, 2009 11:34 pm
As expected, the NBA's salary cap and luxury tax threshold will decline slightly for the 2009-10 season, with the new figures taking effect at 12:01 a.m. ET Wednesday -- when teams can begin signing free agents.
The salary cap will be $57.7 million, down $980,000 from last season. The luxury tax threshold will be $69.92 million, a decline of $1.23 million. Any teams exceeding that level will pay $1 for each $1 over the limit.
The mid-level exception will increase slightly to $5.854 million because it is based on the average salary from the previous season.