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Tag:Raptors
Posted on: July 12, 2010 10:01 pm
Edited on: July 13, 2010 11:15 am
 

Agent Babby in the hunt for Suns' prez job

Agent Lon Babby is in the running to become president of the Phoenix Suns even as one of his top clients, Hedo Turkoglu, was traded to the team Monday.

But despite concerns among rival team executives about a conflict of interest, Babby disclosed his dealings with Suns owner Robert Sarver to Turkoglu, recused himself from representing the former Raptors forward, and received a written waiver from Turkoglu acknowledging his approval of the circumstances, two people with knowledge of the situation told CBSSports.com. The meticulous approach is no surprise, given Babby's reputation of being one of the most forthright agents in the business.

Nonetheless, word of Babby's candidacy to succeed Steve Kerr in Phoenix raised "red flags" among rival executives, one of the execs told CBSSports.com. Not only was Turkoglu traded to the Suns Monday, but he also agreed to waive a portion of his $5 million trade kicker and reduce the amount guaranteed in the final year of his contract as part of the deal, sources said.

Two people familiar with Turkoglu's situation told CBSSports.com that Babby's partner at Washington, D.C., law firm Williams & Connolly, Jim Tanner, had assumed the role of representing Turkoglu in view of Babby's candidacy to become the Suns' president. Babby also has long represented Suns forward Grant Hill. Turkoglu also was receiving independent advice from his financial adviser, who approved the contractual changes that facilitated the trade to Phoenix, the people said.

"Hedo was so unhappy in Toronto that he would've waived the trade kicker regardless," a third person with knowledge of the arrangement said.

In view of Babby's full disclosure, the National Basketball Players Association has no plans to challenge the move, a person familiar with the union's stance said.

Turkoglu was traded to the Suns Monday in a three-team deal that also sent Boris Diaw, Tyson Chandler and Leandro Barbosa to Toronto and Jose Calderon to Charlotte.



Posted on: July 12, 2010 10:01 pm
Edited on: July 13, 2010 11:15 am
 

Agent Babby in the hunt for Suns' prez job

Agent Lon Babby is in the running to become president of the Phoenix Suns even as one of his top clients, Hedo Turkoglu, was traded to the team Monday.

But despite concerns among rival team executives about a conflict of interest, Babby disclosed his dealings with Suns owner Robert Sarver to Turkoglu, recused himself from representing the former Raptors forward, and received a written waiver from Turkoglu acknowledging his approval of the circumstances, two people with knowledge of the situation told CBSSports.com. The meticulous approach is no surprise, given Babby's reputation of being one of the most forthright agents in the business.

Nonetheless, word of Babby's candidacy to succeed Steve Kerr in Phoenix raised "red flags" among rival executives, one of the execs told CBSSports.com. Not only was Turkoglu traded to the Suns Monday, but he also agreed to waive a portion of his $5 million trade kicker and reduce the amount guaranteed in the final year of his contract as part of the deal, sources said.

Two people familiar with Turkoglu's situation told CBSSports.com that Babby's partner at Washington, D.C., law firm Williams & Connolly, Jim Tanner, had assumed the role of representing Turkoglu in view of Babby's candidacy to become the Suns' president. Babby also has long represented Suns forward Grant Hill. Turkoglu also was receiving independent advice from his financial adviser, who approved the contractual changes that facilitated the trade to Phoenix, the people said.

"Hedo was so unhappy in Toronto that he would've waived the trade kicker regardless," a third person with knowledge of the arrangement said.

In view of Babby's full disclosure, the National Basketball Players Association has no plans to challenge the move, a person familiar with the union's stance said.

Turkoglu was traded to the Suns Monday in a three-team deal that also sent Boris Diaw, Tyson Chandler and Leandro Barbosa to Toronto and Jose Calderon to Charlotte.



Posted on: July 9, 2010 6:52 pm
 

Bosh sign-and-trade done


The Raptors and Heat have agreed to the framework of a sign-and-trade arrangement that will complete Chris Bosh's departure for Miami to join Dwyane Wade and LeBron James, a person with knowledge of the deal confirmed to CBSSports.com Friday.

"It's pretty much done," the person said.

Toronto will get multiple draft picks, including a 2011 first-round pick that was previously traded to the Heat, and a trade exception -- but no players. Bosh, who along with Wade committed to joining the Heat on Wednesday, will get a six-year deal as opposed to the five-year contract he would have been eligible for through a straight signing.

Agent Henry Thomas, who represents both Wade and Bosh, said there has been steady progress in contract talks with Miami for both players.

Posted on: July 8, 2010 2:32 pm
Edited on: July 8, 2010 2:56 pm
 

Bosh sign-and-trade grows to four teams

The Heat and Raptors have expanded discussions of the sign-and-trade sending Chris Bosh to Miami to include two more teams, Charlotte and Houston, two people with knowledge of the talks told CBSSports.com Thursday.

The trade, which is still exploratory and not close to completion, would send Bosh to Miami, Michael Beasley to Charlotte and Tyson Chandler to Houston, the sources said. Toronto, already settled on taking back the 2011 first-round pick previously traded to the Heat, is trying to extract a player from the Rockets in addition to the trade exception it would get from Miami.

"It has legs, but I don't know where it goes," one of the people familiar with the discussions said.

A third person with knowledge of the talks said it's possible that the field could shrink to three teams, with Houston dropping out of the mix.

With the Heat planning to add sharpshooter Mike Miller to their potential Dream Team of Bosh, Dwyane Wade and LeBron James, Miami would slide Miller's salary -- in the $5 million range -- into Beasley's space under the cap. By that math, the Heat would only have room for three full-max players if each one agreed to take abotuu $1 million less than the $16.57 million available under the collective bargaining agreement.







Posted on: July 7, 2010 10:05 pm
 

Progress on Bosh sign-and-trade

The Raptors and Heat are "progressing" toward a sign-and-trade arrangement to facilitate Chris Bosh's desire to join Dwyane Wade in Miami, a person with knowledge of the talks told CBSSports.com Wednesday night.

The most likely scenario, according to the source, would send draft picks and massive trade exception to Toronto -- but not Michael Beasley. The former No. 2 pick, whom the Heat want to trade to create more cap space for a third max signing as they try to lure LeBron James, has been included in some of the potential deals discussed. But Toronto has been decidedly cold on the notion of taking Beasley in a trade for Bosh.

"It's not likely," the person with knowledge of the discussions said.

The Raptors would get back the 2011 first-round pick they previously traded to Miami, plus additional future picks and a trade exception they would then use to acquire a player without sending back comparable salary. The Heat only have one other player on their roster to trade, point guard Mario Chalmers.

Sending Bosh to the Heat in a sign-and-trade would allow the Raptors to get back some assets rather than lose him and get nothing in return. For Bosh, such an arrangement is worth an additional $30 million if he signs for the max -- although both Bosh and Wade said Wednesday they're not opposed to taking less money if it meant fitting James into the Heat's cap space, which now stands at $31.4 million after the NBA announced a higher-than-expected 2010-11 cap of $58.044 million on Wednesday.

If the Heat and Raptors can't agree on a sign-and-trade, Bosh would be faced with accepting a contract from the Heat of only five years in length (as opposed to six) with 2.5 percent smaller annual raises.
Posted on: July 7, 2010 10:47 am
Edited on: July 7, 2010 1:17 pm
 

Heat trying for LeBron-Wade-Bosh coup (UPDATE)

With the first part of their free agency plan is in place -- bringing Dwyane Wade back with Chris Bosh in tow -- the Miami Heat are ready to proceed with part two: adding LeBron James to the mix in a coup that would send shockwaves through the NBA.

Bosh announced Wednesday he's headed to Miami to pair with Wade, a scenario reported by CBSSports.com early Wednesday as the most likely one and pushed to definitive by ESPN's Chris Broussard hours later. Meanwhile, Heat executives are proceeding with the full-court press to add James to the mix and form a Dream Team in South Beach, according to an official familiar with the plans.

"The next step is to go get the big fish," the person said.

Wade and Bosh announced their decision to play together in a live interview on ESPN at 12:30 p.m. ET. But a person with knowledge of their plans said Wade, in particular, is aggravated that the news leaked out sooner -- and that the superstar believes it came from someone in LeBron's camp. Wade and Bosh wanted to have their moment before James makes his own announcement -- the nature of which remains unknown -- in a live, one-hour special Thursday at 9 p.m. ET on the network that shares the NBA broadcast rights.

The Raptors finally were informed around mid-day Wednesday of Bosh's intentions by his Chicago-based agent, Henry Thomas, who also represents Wade. Thomas did not respond to requests for comment from CBSSports.com. But the Raptors, aware that Bosh has been a goner for a while, have entered sign-and-trade talks with the Heat in order to facilitate their All-Star power forward's departure without losing him and getting nothing in return.

Communication between Bosh's representative and the Raptors -- and, according to sources, other teams in pursuit of his two marquee clients -- has been spotty at best in recent days, leaving Bosh's own team and others pursuing Bosh and Wade in the dark as to their intentions until moments before they announced it on TV. But early Wednesday, an executive within the NBA with close ties to the top three free agents told CBSSports.com that the most likely scenario was Bosh joining Wade in Miami and James staying in Cleveland. Bosh essentially killed a potential alliance with James by balking at the Cavaliers' attempts to acquire him in a sign-and-trade.

Of LeBron and Wade, the executive said Wednesday, "Both aren't moving." But sources say that hasn't stopped Heat president Pat Riley from pursuing James in a move that would shift the NBA's balance of power for years.

The piece of the puzzle that's missing is whether Bosh goes to Miami via a sign-and-trade arrangement or a straight free-agent signing. The difference for him is only about $30 million. If Bosh is signed by the Raptors and traded to Miami, he would receive a six-year deal worth approximately $125 million -- the same as Wade would receive by signing a free-agent deal with his existing team. But Bosh needs the cooperation of the Raptors to maximize his contract.

Wade said in the TV announcement that he's "not opposed" to taking less money to give the Heat the space to put the right pieces around him. But assuming a max deal for Wade, which would start at $16.57 million in 2010-11, the Heat would have $29.4 million in cap space left -- not enough to sign two more max free agents at the same price. They'd have to trade former No. 2 pick Michael Beasley -- either in a sign-and-trade for Bosh or a separate trade to a team with the cap space to absorb his $4.9 million contract without being required to send salary back to the Heat.

A logical sign-and-trade scenario for Bosh would include some combination of Beasley, point guard Mario Chalmers, and a 2011 first-round pick that was previously acquired by Miami from Toronto. The Raptors would have the option of taking back as little salary as possible and instead receiving a trade exception that could be used to acquire a top-tier replacement for Bosh at a later date -- likely at the February trade deadline, when numerous teams are expected to be eager to dump contracts ahead of the new collective bargaining agreement and potential work stoppage after next season. A person familiar with the Raptors' strategy told CBSSports.com Wednesday that Beasley is not a likely target in those trade talks.

















Posted on: July 6, 2010 1:02 pm
Edited on: July 6, 2010 3:46 pm
 

Free-Agent Buzz (UPDATE)

Chris Bosh wants to pair with LeBron James, but is more likely to sign off on a scenario that lures James out of Cleveland to the Nets, Bulls or even Heat, a person with knowledge of the negotiations told CBSSports.com Tuesday.

The problem is that  the Cavs have the most attractive assets to entice the Raptors into such an arrangement, being able to offer Anderson Varejao, Anthony Parker or Jamario Moon and Delonte West, who only has $500,000 of his $4.5 million contract guaranteed for next season. The sign-and-trade route would allow Toronto to come to grips with Bosh's seemingly inevitable departure while bringing back assets -- including possibly future draft picks -- in the deal.

But Bosh, who shares an agent with fellow free agent Dwyane Wade, would have to sign off on such an arrangement and remains decidedly unenthusiastic about joining James in Cleveland, the person familiar with the talks said.

"If LeBron went to New Jersey, he'd consider that," the person said of Bosh. "It's too late for New York. He wants to play with LeBron if LeBron leaves, but not necessarily in Cleveland."

The Bulls, who've targeted all three of the top free agents, have not spoken with Toronto officials about a sign-and-trade for Bosh, a person with knowledge of their strategy said. With $30.9 million in cap space after Rob Kurz and Chris Richard were waived, the Bulls are still one transaction away from fitting two straight max signings into their space. One way around that would be to sign-and-trade for one free agent and sign the other one, but it is difficult to imagine Bosh taking less money that Wade or LeBron -- or vice versa.

The Heat, meanwhile, essentially have to trade Michael Beasley to have room for two max free agents plus Wade -- and sources told CBSSports.com Tuesday Miami officials were continuing to work on pulling off such a coup. Wade's thoughts on the matter remain a mystery after he canceled a scheduled news conference with Alonzo Mourning in South Florida Tuesday morning.

UPDATED 2:18 p.m. ET: The Raptors have informed Bosh and his agent, Henry Thomas, that if Bosh wanted to go to Cleveland, the organization would explore how to help him get there. But while Cleveland's basketball assets are more attractive to the Raptors, the city itself doesn't do it for Bosh. If Bosh viewed Cleveland as an acceptable destination, the sign-and-trade talks would've progressed rapidly. As things stood Tuesday afternoon, according to a source involved in the discussions, they're at a stand-still.

UPDATED 3:46 p.m. ET: The Rockets, in Bosh's home state of Texas, also have some enticing assets to offer Toronto -- free-agent Luis Scola, Shane Battier and Trevor Ariza. Bosh has indicated in the past that the two Texas teams would be on his list of preferred destinations, but free-agent fever seems to have him focused on New Jersey, Miami and Chicago for now. As for the Heat, who'd want to dump Beasley, don't underestimate the value of a giant trade exception that they could convey to Toronto in a Bosh deal. Sources indicate that the February trade deadline will create a furious market for teams looking to get out from under contracts with the combination of playoff hopes being dashed and the looming labor crisis and/or new collective bargaining agreement, in which owners will be looking to take a punitive stance on player salaries.

"The market," another person involved in the free-agent chase said, "has come to a screeching halt."

While Bosh and Thomas -- who also represents Wade -- keep everyone waiting, sign-and-trade talks with more acceptable destinations have not gained any momentum, an executive involved in the process said.






Posted on: July 5, 2010 1:35 pm
Edited on: July 5, 2010 3:34 pm
 

LeBron-a-Palooza: Day 5 (UPDATE)

This is LeBron James’ world, and we are all just living in it. Ditto for Dwyane Wade and Chris Bosh.

“We are all witnesses right now to this charade,” one frustrated team executive said Monday as Day Five of LeBron-a-Palooza (term coined, I believe, by Newsday’s Alan Hahn) rolled on.

James, Wade and Bosh were “still evaluating information” Monday, according to a person with knowledge of their plans. The Cleveland Plain-Dealer reported that James was unlikely to announce any decision until his three-day Nike camp concluded Wednesday night in his hometown, Akron, Ohio.  In fact, James made a surprise appearance at his camp Monday -- he wasn't scheduled to arrive until Tuesday -- and was wearing (what else?) a Yankees cap.

Wade returned Monday morning to Miami, where about 50 Heat fans – wow, what a turnout – and some team employees were waiting to greet him. At the wrong terminal. Wade was later seen at American Airlines Arena with Heat owner Mickey Arison. Such is life in the grips of the black smoke monster known as the Summer of 2010.

Tika-tika-tika-tika-tika-tika-tika ….

All NBA business essentially is tied to the Big Three free agents and what they decide to do. The only deadline pushing them is Thursday, when contracts and trades can become official once the 2010-11 salary cap is set and the moratorium on player movement is lifted. But not everybody is waiting for LeBron, Wade and Bosh. Two free-agent power forwards are getting close to making decisions on their futures – Amar’e Stoudemire and David Lee.

Stoudemire is in New York City Monday to meet with Knicks officials – either to agree on a five-year, $99.8 million contract or agree to hunker down and await for word from LeBron or Wade on whether they’re coming to New York or not. But one player who may not be willing to wait for the Knicks to handle their other business is Lee, who is getting inundated with calls from teams interested in taking him off the free-agent board regardless of what the Big Three do.

Lee, who averaged 20.2 points and 11.7 rebounds last season, already has met face-to-face with the Bulls, Nets, Heat and Timberwolves. A league source with knowledge of the market for Lee told CBSSports.com Monday that the Knicks are engaged in discussions with Utah, Toronto, Houston, Golden State and Charlotte about sign-and-trade arrangements involving Lee. This could be a key piece of the puzzle in the decision process for LeBron or Wade. Some of the Utah scenarios involve Carlos Boozer coming to New York, and some of the Toronto scenarios involve Bosh. Both players are high on the lists of power forwards both LeBron and Wade want to encourage to team up with them.

What does that mean for Stoudemire? Potentially nothing. Potentially everything. The Knicks are prepared to give LeBron or Wade a choice of big men to play with, and this feeling-out process could be the first step toward determining which of those options is viable.

Charlotte and Golden State are involved because A) both covet Lee, and B) each has a point guard who’d complement Stoudemire if he wound up being the Knicks’ only top-tier signing. The BobcatsRaymond Felton and WarriorsMonta Ellis have been on the Knicks’ radar for some time.


 
 
 
 
The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com