Tag: Summer of 2010 (Page 30 of 63)

Bucks busy, re-sign Salmons, sign Gooden

When the Bucks swung a trade for Corey Maggette, most pundits thought it was the end of John Salmons’ tenure in Milwaukee, but the two sides have agreed to a five-year deal.

The Milwaukee Bucks have verbally agreed to a five-year, $39 million deal with free-agent guard John Salmons, according to league sources. Sources say that the last year of the deal is only partially guaranteed.

Salmons is 30, so the length of the contract is reasonable, especially since the fifth year is only partially guaranteed.

Less than $8 million a year is a pretty good deal for a player who averaged 20-3-3 in 30 games as a Buck, and helped to spearhead a late-season surge that secured a playoff spot. Against the Hawks, he pretty much offset Joe Johnson, who is slated to make about twice as much if he accepts Atlanta’s max offer.

The Bucks suddenly have a crowd of talented scorers on the wing. With Salmons, Maggette, Carlos Delfino and the newly acquired Chris Douglas-Roberts, Scott Skiles has plenty of options. All four players can play either shooting guard or small forward, and if Maggette or Douglas-Roberts do not play hard enough defensively, Skiles will have another player to turn to.

GM John Hammond also negotiated a five-year deal worth $32 million with Drew Gooden. The Bucks are his ninth team in nine seasons, which isn’t a good sign. But John Hollinger thinks Gooden is worth the money, though some of his defensive numbers at 82games are a little worrisome. Hopefully, Skiles can coax some better play out of him. If so, he brings a lot to the table offensively and on the glass, and could start for the Bucks at power forward.

The two long-term contracts take the Bucks out of the running for a max free agent next summer, unless the salary cap takes an unexpected jump to $61 million.


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Knicks, Stoudemire close to deal

Adrian Wojnarowski reports that Amare Stoudemire is close to finalizing an agreement with the New York Knicks.

Amar’e Stoudemire and the New York Knicks are making progress in talks on a five-year maximum guaranteed contract and a deal could be completed as soon as Friday, league sources told Y! Sports.

The framework of a deal is in place and the two sides are expected to talk again soon, sources said.

The Knicks’ free agency was looking a little gloomy, but this certainly helps. LeBron was reportedly more impressed with the Nets’ presentation, but now that Stoudemire has (almost) committed, the Knicks do have a stronger case to make.

If he can stay healthy, Stoudemire should thrive in Mike D’Antoni’s up-tempo system. It’s not clear what this means for David Lee, who could play alongside Stoudemire if D’Antoni elected to run Amare at the five. Neither player is particularly good on the defensive end.

How did things fall apart in Phoenix?

The Suns made a last-ditch proposal to Stoudemire, offering him a five-year contract that guaranteed him $71 million, sources said. The first three seasons were fully guaranteed. The fourth season contained a 50 percent guarantee that could become fully guaranteed based on the number of minutes Stoudemire played in the first three seasons. The fifth season of the contract also could become guaranteed based on a minutes incentive.

The Suns put in the incentives because of concerns over Stoudemire’s past knee and eye injuries. Insurance won’t cover Stoudemire’s salary if he can’t play because of any additional problems to either of his knees or his right eye.

The Suns were wise to proceed with caution with regard to Stoudemire’s injury history. The Knicks are showing a lot of faith in his ability to stay healthy, but they are/were in a tough spot and had to commit guaranteed dollars to get him to sign.

I’m not sure why the Suns aren’t working out a sign-and-trade for Stoudemire to acquire Lee from the Knicks. He seems like he’d be a natural replacement for Amare in that offense.


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Windhorst: LeBron impressed by Nets, not so much by Knicks

Brian Windhorst is covering all of LeBron’s meetings and here’s what he had to say about LeBron’s reaction to the Nets and Knicks

Here’s what I hear from yesterday: LeBron interested in Nets pitch but not so much NY. NY trying at moment to secure Amare’ to help cause

Chad Ford also said that the Nets felt ‘tremendous’ about how the meeting went, even though the meeting with the Knicks lasted about an hour longer.

The Nets were one of the darkhorse contenders coming into this free agency period, but seem to be moving up the ranks. They have a new free-spending owner, a future All-Star at center (Brook Lopez), a pretty good point guard (Devin Harris) and a valuable young prospect (Derrick Favors). Harris and Favors could be moved to acquire another big-name player to be LeBron’s running mate. The Nets are also considering moving Kris Humphries to clear space for a second max free agent.

If the move to Brooklyn was complete or was just a year away, the Nets’ chances would be even better. As it stands, the team will play in Newark for two more seasons.


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Celtics re-sign Paul Pierce

Per the Boston Herald

The club has reached agreement with its captain on a new contract, according to sources. The deal is said to be for four years, with certain options for both sides after the first three.

The numbers were not available, but Pierce will in the 2010-11 season make significantly less that the $21,513,521 he was scheduled to receive. That will aid the Celtics’ position versus the luxury tax.

Pierce will be 33 when the season starts, so a four-year deal seems a bit long, but it sounds like both sides have options in the final year.

The fact that Pierce re-signed with Boston shouldn’t come as a surprise. He said all along that he wanted to retire a Celtic and the team needs him to stay competitive.

Update: The deal is apparently for four years and $61 million per the Boston Globe. This is a good price for a player of Pierce’s caliber.


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Could the Heat sign LeBron, Wade and Bosh and use their mid-level exception?

The short answer is ‘no.’

As I’ve been perusing the internet today, I see a lot of misinformed fans with the impression that the Heat (or any other team with room for a max player) can add a Mid-Level Exception (MLE) player once the cap space is used up. Ray Allen and Raymond Felton are common names that come up in such a conversation.

But per the NBA Salary Cap FAQ, a team that is under the cap (like the Heat) and is hoping to use up all its cap space signing 2-3 big-name free agents does not have the ability to use their mid-level exception once the cap space is used up.

For example, assume the cap is $49.5 million, and a team has $43 million committed to salaries. They also have a Mid-Level exception for $5 million and a Traded Player exception for $5.5 million. Even though their salaries put them $6.5 million under the cap, their exceptions are added to their salaries, putting them at $53.5 million, or $4 million over the cap. So they actually have no cap room to sign free agents, and instead must use their exceptions.

Teams have the option of renouncing their exceptions in order to claim the cap room. So in the example above, if the team renounced their Traded Player and Mid-Level exceptions, then the $10.5 million is taken off their team salary, which then totals $43 million, leaving them with $6.5 million of cap room which can then be used to sign free agent(s).

In the Heat’s case, the salary cap is $56.1 million and with the minimum salary cap holds required to fill out the roster, they have about $44 million to divvy up between Wade, LeBron and Bosh. ($14.7 million each.) But they only have that much cap space because they renounced (or will renounce) their Traded Player and Mid-Level exceptions. However, they could sign the three superstars at those salary levels and then sign a MLE player next summer if they choose to do so. In fact, the MLE can be divvied up amongst a number of players, which is probably how the Heat would handle the flood of veterans that would want to join the Heat in search of a ring.

The same rule applies if a team has enough space for one max free agent. Take the Clippers, who can afford one max contract. The Clips have that much space because they have renounced (or will renounce) their MLE. If they were to use up their cap space to sign Paul Pierce, the MLE would not be available to them until next summer (assuming they are still over the cap).


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