Tag: 2010 NBA free agents (Page 6 of 54)

Hornets: Chris Paul did not request a trade

Per ESPN…

Hornets general manager Dell Demps says star guard Chris Paul did not request a trade during a meeting with New Orleans executives.

Demps says he is confident that Paul will be playing with the Hornets this season after Monday’s meeting, which included new coach Monty Williams and team president Hugh Weber.

In a statement released by the team, Paul says he likes what he heard during the meeting from the Hornets about the “direction they want to take the team.” Paul also says he hopes to remain with the team for years to come.

“The meeting went well,” Paul said in a statement. “It was great to get an opportunity to sit down with Coach Williams, President Weber and our new general manager Dell Demps. I expressed my desire to win and I like what they said about the direction that they want to take the team. I have been a Hornet my entire career and I hope to represent the city of New Orleans and state of Louisiana for many years to come.”

There are two ways we can take this: 1) Paul is just saying the right things while his agent, Leon Rose, works behind the scenes to facilitate a trade, or 2) Paul is being genuine about wanting to stay in New Orleans.

One thing that the Hornets have going for them is the city itself. Between Hurricane Katrina and the BP oil spill, the area has been ravaged by disaster and it’s tough for anyone of Paul’s stature to turn his back on the city.

It’s going to be interesting to see how this story plays out over the next few days. Does the trade talk die off completely or does it pick up? Paul’s statement would seem to indicate that he’s satisfied with the direction of the team, even though the Hornets did little to nothing to improve this offseason. They made no major or moderate free agent acquisitions and they traded away the #11 pick (which turned out to be Cole Aldrich) for Craig Brackens and Quincy Pondexter.

If the Hornets can convince Paul to swallow one more season of mediocrity, they are likely to have $20 million-plus in cap space next summer when David West opts out of the final year of his deal (which he is likely to do, since it only pays him $7.5 million). Even with Emeka Okafor eating up $13 million in space, that’s plenty of room to re-sign Marcus Thornton and add a quality free agent or two.

For the last few years, the deal that killed the Hornets cap-wise was Peja Stojakovic’s. Now it’s Okafor’s, which is funny because how much more is he giving the Hornets than Tyson Chandler would? Had they just held onto Chandler, they’d be sitting with around $33 million in cap space next summer when all those deals expired.

Stay tuned. This story seems like it may have run its course, but when there’s smoke, there is usually fire.

Was Richard Jefferson’s deal prearranged?

Oct 14, 2008 - Guangzhou, Guangdong, China - RICHARD JEFFERSON of NBA's Milwaukee Bucks attends a training session at the Guangzhou Gymnasium in Guangzhou. NBA China Games 2008, featuring the opening game between Golden State Warriors and Milwaukee Bucks, will tip off in Guangzhou on Oct. 15 Photo via Newscom

John Hollinger breaks down the financial impact of Richard Jefferson’s decision to opt out and his resulting contract with the Spurs. Skip to the bolded text if you’re not interested in the nuts and bolts.

On the other hand, they got under the tax solely because Richard Jefferson opted out of a final year on his deal that would have paid him $15 million. This one raised eyebrows in front offices around the league, many of which suspected that there was a prearranged deal between the two parties.

This isn’t an outlandish premise, given that:

• Jefferson told reporters in April that it might be worth it to opt out if he could get a four-year, $40 million deal (he said it right here on April 11).

• That’s almost to the dollar the deal he received in July.

• Doing so got the Spurs out of the luxury tax and allowed them to sign Splitter at a discount.

• There didn’t appear to be any kind of serious bid from another team to drive up Jefferson’s price.

That said, we have no smoking gun that there was any kind of prearranged deal between the Spurs and Jefferson. We don’t even have a smokeless gun. All we have is the circumstantial evidence above, as well as two other pieces of information:

1. The Spurs don’t sign bad contracts.

2. This is the worst contract of the summer.

Seriously, four years and $39 million for Richard Jefferson? Did Isiah Thomas take over the franchise and not tell anybody? Wings who depend on athleticism have a rough time in their late 20s and early 30s; Jefferson just turned 30. He wasn’t a $10 million per year player two years ago, and sure as heck isn’t going to be one two years down the road.

Follow the money, however. Jefferson’s opt-out and lower-salaried return means the Spurs will save about $17 million in salary, luxury tax and tax distributions this year (if one presumes Splitter was coming regardless). Jefferson’s new deal cost $31 million after this season, which is all we care about since the Spurs were paying him in 2010-11 either way. Subtract $17 million from $31 million and you end up with Jefferson’s deal as a three-year, $14 million extension, which seems eminently reasonable … if you were going to prearrange such a thing.

In other words, it was in the Spurs’ benefit for Jefferson to opt out and sign a longer deal at a lower average salary due to the cost savings this season. That savings put the Spurs under the cap and allowed them to sign Tiago Splitter, which Hollinger calls the best contract of the summer.

Hmm.

Hornets not listening to trade offers for Chris Paul

Chris Paul and the Hornets are going to sit down today, and in preparation for that meeting, the team is turning away all trade inquiries for Chris Paul.

The New Orleans Hornets prepared for their highly anticipated sitdown with star guard Chris Paul by turning away the latest flurry of trade calls from other teams, according to NBA front-office sources.

Sources told ESPN.com that teams inquiring about Paul’s availability in recent days — and there have been several after persistent media reports suggesting that Paul will formally request to be traded at a meeting Monday — were greeted with the same resistance to Paul offers that the Hornets have maintained for months.

“They say they aren’t moving him,” one rival team executive said of the Hornets.

Sources with knowledge of New Orleans’ thinking said over the weekend that the Hornets’ stance is unlikely to change, at least in the short term, even if Paul himself tells the Hornets for the first time that he wants out.

When it comes down to it, the Hornets hold the keys. Paul has two more years remaining on his contract before he can opt out and become a free agent in the Summer of 2012.

But whenever a superstar says he wants to be traded, he usually gets his wish. Kobe Bryant is the exception, not the rule, because he was unwilling to go to a team that wasn’t up to snuff. Paul already has a list of four or five teams (New York, Orlando, Portland, Dallas and possibly the Lakers) that he’d play for and there are probably a few more teams (Houston, Oklahoma City) who could be in the running as well.

The chances are slim that the Hornets will be able to convince him to stay. They have to prove (or at least have a plan) to turn the team into a contender in the next two years, or else they’ll get nothing for Paul when he bolts in 2012. They haven’t shown that they’re committed to winning (i.e. willing to spend) over the past few months, though they’ve been a bit schizophrenic, financially-speaking (by trading for Emeka Okafor and his monster contract and then turning around and handing the #11 pick over to the Thunder).

GM Jeff Bower is out, and Dell Demps is in. He worked for the Spurs, so he knows how a winning organization is run. But he better have a good plan in place if he hopes to convince Paul to stop all of this trade talk. It sure seems like we’ve passed the point of no return with regard to Paul staying put.

But the Hornets were wise to play things close to the vest over the last week. It does them no good to talk to other teams about trading Paul if they are truly hoping to keep him. All that would do is fuel speculation that he’s available and essentially push him out the door. There is plenty of time to get the best possible deal if the Hornets choose to go that route.

Bulls to sign T-Mac?

Mar. 12, 2010 - Memphis, TENNESSEE, UNITED STATES - epa02077082 Memphis Grizzlies O.J. Mayo (L) fouls New York Knicks tracy McGrady (R) at FedExForum in Memphis, Tennessee, USA on 12 March 2010.

Looks like Chicago is getting closer to signing Tracy McGrady.

The Bulls are prepared to sign Tracy McGrady if he proves to be sufficiently healthy in a workout Monday and can convince the team he is willing to accept a bench role, one source familiar with Chicago’s thinking said Sunday.

“Nothing is done until it’s done, but I expect the Bulls to sign McGrady later this week,” the source said.

Although he has expressed interest in snagging one of the spots on Miami’s bench in support of the LeBron James-Dwyane Wade-Chris Bosh triumvirate and he auditioned for the Los Angeles Clippers last week, Chicago is undeniably where McGrady has been hoping to wind up.

McGrady made his desires evident in several recent messages on his Twitter feed, including his pronouncements Saturday that he has “unfinished business” with the Bulls and that it “could be fate this time round” with Chicago after drawing serious interest from the Bulls in the 1997 draft and again during free agency in 2000.

It obviously doesn’t hurt McGrady’s chances that Bulls star Derrick Rose told ESPNChicago.com’s Nick Friedell on Friday that the idea of signing McGrady — Rose’s favorite player as a kid — has his full support.

“That would be good,” Rose said. “I think that if he comes along, he could help our team.

“A player like him, with his experience and how he plays, I think it would help us.”

McGrady is/was a great player, when healthy. But ‘health’ has always been his biggest problem. He has missed a ton of games in his career, so his mileage maybe isn’t as bad as a typical 31-year-old. (Remember though, he came to the NBA straight out of high school, so he has played 852 games in his career.)

It sounds like the Bulls want him to anchor the bench, but it’s crowded on the wing with Luol Deng, Kyle Korver, Ronnie Brewer and now possibly T-Mac in the fold. As long as the Bulls aren’t investing too much money in McGrady, it (probably) can’t hurt to roll the dice and see how much he has left.

Magic atop Paul’s list, but do the Knicks have more to offer?

There were rumblings that the Knicks were Chris Paul’s preferred destination, but now ESPN is reporting that the Magic top his list.

The New Orleans Hornets have yet to start entertaining trade offers for Chris Paul, but that hasn’t stopped the superstar point guard from making exit plans.

The Orlando Magic have emerged as the top team on Paul’s list of preferred destinations, replacing the New York Knicks, according to league sources.

While the Knicks are still high on Paul’s list, he believes the Magic, with All-Star center Dwight Howard, would be a better fit. Paul also realizes Orlando has much more to offer New Orleans in a trade and therefore believes it is a more realistic destination than New York, according to the sources.

When I ran through the various trade scenarios for each team reportedly on Paul’s list, I came up with a deal in the ESPN Trade Machine that would send Jameer Nelson, Marcin Gortat, Brandon Bass and Mickael Pietrus to New Orleans for Paul and Okafor. That doesn’t seem like enough for CP3, even with one or two first round picks thrown in. But who else do the Magic have that the Hornets would want? Rashard Lewis and Vince Carter are too expensive. At least this deal would give Hornets a starting-caliber center (Gortat), an inexpensive quality point guard (Nelson), and a couple of rotation players in Pietrus and Bass.

As for the Knicks, this deal would send Danilo Gallinari, Wilson Chandler and Anthony Randolph (along with the expiring contracts of Eddy Curry and Kelenna Azubuike) to New Orleans for Paul and Okafor. Gallinari, Chandler and Randolph are all inexpensive, up-and-coming players and could be part of a formidable starting five (with Darren Collison and Marcus Thornton) in a few years.

Don’t the Knicks actually have more to offer?

Paul is meeting with the Hornets on Monday, so I’d expect some movement on this sometime next week. With the way this news is leaking out, it seems like he has his bags packed. The Hornets probably missed the boat on keeping Paul when they traded away their #11 pick and pretty much stood pat this summer (instead of trading Collison away for more wing help and/or making a run at Mike Miller).

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