Tag: David Lee (Page 7 of 8)

Knicks eyeing to move David Lee

The Boston Globe is reporting that the New York Knicks are looking to work a sign-and-trade deal for center-forward David Lee in another salary cap cutting move towards the 2010 free agent market.

Much of the speculation centers around a deal involving Lee and the #8 pick in the upcoming NBA Draft going to Memphis for the #2 pick and backup center Darko Milicic. This would allow the Knicks to draft international star point guard Ricky Rubio, who has made it known that he wants to play in a major United States sports market.

The Spaniard has a complicated, multi-million dollar contract with his European team, DKV Joventut Barcelona. Before June 30th, the club will grant Rubio’s freedom from his contract for $6.6 million (NBA teams are allowed only to contribute a maximum of $500,000 to buy out a contract of a foreign player), and after June 30th, the price tag expands to $8 million.

Other trade rumors include the Knicks packaging Lee, forward Jared Jeffries and the #8 pick to Toronto for forward Chris Bosh or to Phoenix for disgruntled power forward Amare Stoudemire.

A look ahead at the free agent class of 2009

With the trade deadline in the rear view mirror and players tied to their current teams at least until the summer, it’s a good time to take a look ahead at the free agent class of 2009. Given the state of the economy and how so many teams are saving up for the class of 2010, some are suggesting that this summer’s free agency could be a “nuclear winter” of sorts, no pun intended. The salary cap and luxury tax thresholds are likely to decline for the first time in years and that has GMs and owners around the league scrambling to cut salary where they can.

There are three types of free agents: players with early termination options (ETO) or player options (PO), restricted free agents and unrestricted free agents.

Players with ETOs or POs

This group includes Kobe Bryant, Jermaine O’Neal, Al Harrington, Jamal Crawford and Mehmet Okur, but it’s highly unlikely that any of these guys will hit the open market given the kind of money they’ll be making by extending their respective contracts. Of this group, Hedo Turkoglu, Anderson Varejao and maybe Carlos Boozer are the only big names that are likely to hit free agency. Boozer has already stated that he’s going to opt out, but he may decide against it if he doesn’t come back strong from his injuries. Turkoglu — the reigning Most Improved Player — is having another nice season, but he’s not playing quite as well as last year. Still, he can command more than the $7.3 million he’s due to make next season. Varejao could stay with the Cavs and make $6.2 million next season, but he and his agent (Dan Fegan) have been looking for more. Varejao wants a long term deal but it seems he and the Cavs disagree on how much he’s actually worth.

For the most part, guys in this group are going to be conservative and play out their contracts.

Restricted Free Agents

RFAs hardly ever change uniforms, but in this economic climate there are teams that are unlikely to match substantial offers for their restricted free agents. The other issue is that once a team signs a RFA to an offer sheet, the player’s team has a full week to match the offer. Most teams know instantly whether or not they’re going to match, but they take the full week so that the other team can’t make any other offers because its money is tied up in the offer sheet. The NBA should reduce this period to three or four days so that teams are more willing to make offers to RFAs. Or better yet, it should eliminate restricted free agency completely to avoid Josh Childress-type cases in the future.

(Stepping down from my soapbox…)

Anyway, the list of restricted free agents includes Childress, David Lee, Paul Millsap, Nate Robinson, Charlie Villanueva, Ramon Sessions (ESPN says he’s restricted though HoopsHype and ShamSports show Sessions as an UFA), Marvin Williams, Raymond Felton, Leon Powe and Linas Kleiza.

The Knicks can’t afford to keep both Lee and Robinson and sign LeBron or some other max-type free agent next summer, so if someone comes along and offers either player a substantial contract, it is unlikely that the Knicks will be able to match. Millsap played great in Boozer’s absence, and they are very similar players so it is unlikely that Utah can afford to keep both. Millsap looks like a potential All-Star and would be a cheaper option, but only time will tell if the Jazz have the balls to let Boozer walk.

Childress will probably return to the U.S. after a year playing in Greece. I suspect he’ll be a mid-level type guy, which increases the number of potential suitors as teams that are over the cap can still sign a player at the mid-level. The Bucks are in financial trouble and they need to get rid of Michael Redd or Richard Jefferson if they hope to keep both Sessions and Villanueva. Both players are having career years under Scott Skiles, but it’s unclear if the Bucks will be able to keep them. I’d expect Sessions to be a mid-level guy (and should be a solid starter for that price), while Charlie V might command a bit more. There are still questions about his heart, but if he’s thriving under Skiles, could he really be lacking toughness and drive? The Bucks have been hit by injuries to Redd and Andrew Bogut but are still holding onto the #8 playoff spot in the East, so they’d be wise to keep this core together if they can.

The Bobcats’ decision to draft D.J. Augustin made Raymond Felton expendable, so he could probably be had for the right price. I’m guessing that he’s a mid-level guy as well, though he and his agent will probably want more. Leon Powe and Linas Kleiza are both productive bench players and if the offer sheet is big enough, the Celtics and Nuggets (respectively) may decide not to match.

Unrestricted Free Agents

This group includes Ben Gordon, Lamar Odom, Shawn Marion, Allen Iverson, Ron Artest, Mike Bibby, Andre Miller, Jason Kidd, Rasheed Wallace, Trevor Ariza and Brandon Bass. Most of these players are older and on the decline, but they can still play. Veteran players in this group might be shocked by the kind of pay cut that they’re going to have to take in today’s climate. The days of 30+ year-old stars (not superstars) signing max or near-max deals are over, at least for a while. I bet all of these guys sign for less than $10 million per season. (I know…that’s peanuts, right?)

Gordon, Ariza and Bass are younger and could still be on the rise if they find the right team. Gordon seems to think he’s a starter and should be paid as such, but he’s small and doesn’t have a reputation for being a very good defender. He can really score though. If some team wants to pay him starter’s money, he’d be a good match to play alongside a bigger point guard who could cover the opponent’s off guard (Utah, Denver, Detroit?) or he needs to go to a team that doesn’t emphasize the defensive end.

Ariza continues to play well for the Lakers, but since he’s a much cheaper option than Odom, he’s probably going to be staying put. Bass had a terrific season two years ago, and is really coming on after a slow start this season. He’s just 23 and has some upside. I’d expect some team will sign him to a deal averaging in the $3-$4 million range, which would make him one of the best bargains of the summer.

So where will these players end up? Your guess is as good as mine. There are only a handful of teams — Atlanta, Detroit, Memphis (of course), Minnesota, Oklahoma City, Portland, Sacramento and Toronto — with the cap space (~$7 million or more) to sign a good player for another team, so I think there may be quite a few starter-level players/borderline stars signing mid-level deals this season. Playoff contenders that are over the cap won’t be able to pass up a good player for $5 million per season and there should be a number of guys that fit the bill this summer.

Knicks suddenly busy on deadline day

The New York Knicks were suspiciously absent from lot of the trade rumors that have been flying the last few days, but that’s mostly because they weren’t in play for any of the big names. They’ve pulled off two deals and may pull off a third…

The Knicks have swung two deals.

No. 1: Tim Thomas, Jerome James and Anthony Roberson to Chicago for Larry Hughes

No. 2: Malik Rose and cash to Oklahoma City for Chris Wilcox

The contracts of Thomas, James and Hughes expire after next season, so in the first deal it looks like the Knicks are trying to make themselves better with Hughes. (I guess.) Rose and Wilcox both have deals that expire this season, so it appears that they’d like to add Wilcox to the mix in the frontcourt. He’s better than Rose, so it’s probably a good move depending on how much cash they had to throw at OKC.

The Knicks may also make a third trade:

Sources say the Kings have offered Kenny Thomas for Nate Robinson and Jared Jeffries. If the Knicks could move Jeffries, it would clear another $6.8 million in the summer of 2010.

The Knicks would have to give up the talented Robinson and eat Thomas’ $8.7 million salary next year … but it’s probably worth it to the Knicks. Especially now that they’ve shored up their offense with the deals for Larry Hughes and Chris Wilcox.

So the Knicks would part ways with the diminutive but talented Nate Robinson in order to give themselves even more cap space in the summer of 2010. This deal might be the result of the possibility of the cap decreasing over the next two years. The Knicks may be looking at their books and realizing that they can’t pay David Lee, Nate Robinson and have enough left over to sign two big-name free agents next summer.

If they were to pull off this trade, they would be on the hook for only $16.7 million heading into next summer. Assuming the cap ends up at $56 million (or so) that leaves $39 million in cap space. If they can sign Lee to a deal averaging around $8 million per season, that leaves $31 million for a superstar or two.

Which NBA teams project to have the most cap space over the next two years?

In previous columns, I ranked the top 10 free agents of 2010 and identified several players with expiring contracts that might be moved before the Feb. 19 trade deadline. Now it’s time to talk about cap space.

We’ve been hearing a lot lately about how teams are “clearing cap space” so that they can sign a big-name free agent in the summer of 2010 (or in some cases, 2009). But what exactly does this mean?

The NBA has a “soft cap” which is currently set at $58.7 million. Teams that are over the cap can’t sign a free agent from another team for more than the mid-level exception, which usually starts at around $5 million per season. Teams that are under the cap can offer free agents whatever cap space they have up to the level of a max contract, which starts at about $14 million per season under current conditions.

HoopsHype has all the salary data for each team, but I thought it would be useful to compile it all into one table so we can easily see who will have money to spend over the next two summers.

First, my assumptions:

– Given the current state of the economy, the salary cap is likely to stay at about $59 million over the next two seasons, so I used the current cap ($58.7 million) to calculate each team’s cap space.

– Certain players have already indicated that they’re planning to “opt out” of the final year of their contracts so that they can enter free agency. For those that have not announced, I used my best judgment to determine whether or not a player is likely to opt out. For example, LeBron James is very likely to opt out of his contract in the summer of 2010, but Michael Redd, who stands to make more than $18 million that same season, is likely to play out the final year of his deal because he’s not going to get anything close to that kind of money on the open market.

– I’ll also list the major (and some minor) decisions that each franchise will have to make over the next two seasons. These are typically decisions about whether or not to re-sign a player whose contract is up (or is entering restricted free agency). For example, if the Knicks decide to sign David Lee to a long-term deal, it’s going to have an impact on the team’s available cap space.

Without further ado, here’s the table, sorted by total projected cap space in the summer of 2010.

The data is interesting. If teams didn’t spend another dime until the summer of 2010, there would be seven teams capable of signing one player to a max-type contract and 11 teams capable of signing two players to max deals. This isn’t realistic, however, as most teams are going to re-sign their current players when they enter restricted or unrestricted free agency, and that’s going to take a bite out of their cap space. Plus, there are a number of stars – Carlos Boozer, Shawn Marion, Allen Iverson – and several starter-quality players that will sign free agent deals this summer. That’s going to gobble up cap space as well.

Of the four teams that have significant cap flexibility this summer – Detroit, Memphis, Atlanta and Oklahoma City – only two, the Pistons and the Hawks, have major decisions to make this summer. The Hawks have to decide whether or not the 30 year-old Mike Bibby is worth a significant long-term deal. If they do sign him to a contract averaging, let’s say, $10 million per season, it is going to reduce their cap space for the summer of 2010 by that amount. They can always re-sign Joe Johnson (because he is “their” free agent), but they may not have enough space to sign another top tier player. That space would be reduced further if they elect to sign Marvin Williams to a long-term deal.

The Pistons have to make a decision about Allen Iverson and Rasheed Wallace. Both players are getting on in age, so I wouldn’t be surprised if the Pistons allow both contracts to expire and use the new cap space this summer or next, building around Rodney Stuckey and Tayshaun Prince.

The Grizzlies have a ton of projected cap space over the next two years, but their challenge is not the money – it’s attracting a top-tier free agent to a small city and a bad team. No one really thinks that Memphis has a shot at any of the top five free agents of 2010 – LeBron, Dwyane Wade, Amare Stoudemire, Chris Bosh and Joe Johnson – though there’s a slim chance that Amare or Bosh might want to play with O.J. Mayo and Rudy Gay. Small market teams like Memphis that are struggling to win are going to have to overpay for second-tier free agents. The Thunder, Timberwolves, Raptors and Kings are four other teams that will have significant cap space over the next two seasons but are unlikely to attract a top-tier free agent.

These numbers will obviously change over the next two seasons as teams make trades and sign free agents (and draft picks). However, I can’t remember a time when this many teams had this much cap space. Under normal circumstances, it would lead to a frenzy of spending in the short term, but with the current state of the economy, teams may be quite a bit more cautious as they open those checkbooks.

What are the Knicks going to do with David Lee?

During a chat yesterday, Chad Ford had this to say about David Lee:

Donnie Walsh is trying to find a home for Eddy Curry or Jared Jeffries that frees up some cap space so that he can re-sign Lee. It sounds like that’s close to Mission Impossible, though I said the same thing about Zach Randolph this summer. If he can do that, I think Lee stays. If he can’t, he’d be smart to get something now instead of losing him in the summer. There is LOTS of interest in Lee both now and in the summer. He’s one of the few restricted free agents teams think they can steal away because of the Knicks cap situation.

Let’s be clear — the Knicks don’t have to trade anyone away to re-sign Lee. Ford is talking about clearing cap space so that the franchise doesn’t have to pay a luxury tax next season. They are currently on the hook for $69.3 million and that doesn’t count new contracts for Lee or Nate Robinson. With the the luxury tax threshold unlikely to change much from this season ($71 million), Walsh would need to move a contract or two to clear space for signing Lee and/or Robinson. Lee is the priority because he’s such a good fit in Mike D’Antoni’s up tempo attack. He is averaging 16.0 points and 11.7 rebounds per game, and is shooting almost 57% from the field.

Eddy Curry will make $21.7 million over the next two seasons but has only appeared in one game this season. The Knicks desperately need to get him some minutes if they hope to trade him before the Feb. 19 deadline. Jeffries is getting some minutes, but he has been horribly unproductive (PER: 7.39), though he was never much of a stat guy.

The bottom line is that if the Knicks want to re-sign Lee, they can. Their projected payroll goes down to $18.2 million for the 2010 season, so they would only take the luxury tax hit for one season if they chose to sign Lee to a multi-year deal (or matched another team’s offer this summer, when he becomes a restricted free agent).

What’s he worth? I’d say his play this season has put him into the range of $10-$11 million per season. I’d be careful not to pay too much more, because right now he’s putting up great numbers on a bad team that plays at a blistering pace.

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