Posts Tagged ‘New York Knicks’

NBA doesn’t view state tax disparity as competitive disadvantage

Sometimes it’s the weather. Sometimes it’s the scenery. Sometimes it’s the nightlife or the endorsement potential or spouse-and-family priorities. Sometimes it’s even the basketball, the rest of the roster, the chance to win.

And sometimes it’s the money.

How much does staying in New York cost Carmelo?  (Nathaniel S. Butler/NBAE)

How much does staying in New York cost Carmelo? (Nathaniel S. Butler/NBAE)

There are a skidload of reasons why NBA free agents choose the destinations they choose and the league can’t do much (beyond the collectively bargained rules already in place) to control them. But money is something the NBA is very good at controlling. From the maximum salary a superstar can earn to the minimum wage paid to some undrafted rookie, from the “floor” that a team must spend on its player payroll to the luxury-tax threshold that acts as a de facto hard salary cap for most owners, the league manages to the dollar its costs, cash outlays and other budgets and expenditures that impact competitive balance.

So what’s up with the state tax disparity?

When Washington free agent Trevor Ariza agreed to a four-year, $32 million deal with Houston earlier this month — accepting essentially the same salary the Wizards offered him – multiple outlets noted a big difference in Ariza’s take-home pay with the Rockets. The lack of a state tax in Texas vs. the local taxes (and higher cost of living) in and around Washington, D.C., meant the veteran wing player would pocket as much as $3 million more by working and living in Houston.

And when Carmelo Anthony was making the VIP rounds on his team-selection tour that landed him right back in New York, SI.com’s Michael McCann and tax expert Robert Raiola painstakingly crunched the numbers to account for federal, state, city and “jock” taxes (most NBA markets require visiting players to pay local taxes on the portion of their income earned within their jurisdiction).

Their findings? The “same” $95.9 million/four years offer to Anthony from Houston, Miami and Chicago would have differed, in what he actually took home, by as much as $1.4 million. Yet because of New York’s high state and city tax rates, a maximum offer from the Knicks – $129.1 million/five years, or $33.2 million more than what those other clubs could have paid him – would have been whittled down to $66.7 million in net wages.

The net gap, thanks to tax liabilities, would have been less than $13 million compared to what the Bulls could have paid him (had Chicago cleared maximum cap space) and about $11.4 million more than the Heat or Rockets would have paid.

Remember, too, that just four summers ago, the decisions by LeBron James and Chris Bosh to join Dwyane Wade in Miami weren’t made in a tax vacuum. Much attention was paid to their willingness to sign for slightly less than maximum salaries, but it was mostly tax experts, academicians and NBA insiders who tracked the actual savings James and Bosh realized by shedding the liabilities of Ohio and Canada, respectively.

So what are teams and fans to do in places such as Milwaukee, Minnesota or Portland, where the highest marginal income tax rates in 2014 are 7.65 percent, 9.85 percent and 9.9 percent respectively? Or in Sacramento, which doesn’t benefit from the glamour factors as the franchises in Los Angeles or the Bay Area but still is saddled with a 13.3 percent tax rate on high earners? A million here, a million there and pretty soon you’re talking real money compared to what the Rockets, Spurs, Mavericks, Heat, Magic and Grizzlies can toss at free agents without state taxes.

Apparently, there’s little interest and no movement at the league’s highest levels to equalize the marketplace.

That’s a departure from what was done about a dozen years ago for the Toronto Raptors, when the NBA took on that franchise’s financial disadvantages, which stemmed not only from Canadian tax rates but an unfavorable (unfavourable?) exchange rate that left Raptors players with less money than their U.S. counterparts.

Shortly after Vancouver moved to Memphis in 2001, and with Toronto’s long-term sustainability in doubt, the NBA provided assistance to the Raptors and their players with a stipend reported at $2 million and other concessions. The exchange rate, however, has evened out since then and Toronto, though it still earns its revenue in Canadian currency, conducts its NBA business – salary cap figures, player payroll – in U.S. dollars. The tax rates for Toronto residents are said to be no better, perhaps, but no worse than for wage earners in many U.S. states.

As for adjusting every team’s cap ($63.065 million for 2014-15), tax level ($76.829 million) and minimum salary ($56.759 million) to factor out state taxes, a league source said the NBA has no such plans.

What might seem to be a simple math exercise grows more complicated when other differences between markets – not just the fuzzy intangibles or “quality of life” preferences – are considered. Property taxes, sales taxes, real estate prices and overall cost-of-living adjustments might cry out for attention, too.

The NBA, already deep into luxury-tax and revenue-sharing policies it says were designed for greater competitive balance, could wind up with a crazy quilt of figures, rules and bottom lines. Instead of point guards and two-way wing players becoming the darlings of the league, it might be a bunch of tax attorneys for whom fans start rooting.

Then there’s this: Do the Lakers and the Knicks really need any sort of cap advantage to be more desirable destinations than they’ve traditionally been?

Morning shootaround — July 21


VIDEO: Daily Zap for games played July 20

NEWS OF THE MORNING

Report: Cavs to ink Wiggins to deal soon | Report: Knicks looking to move a guard | Bird still puzzled by Stephenson’s departure

No. 1: Report: Cavs to sign rookie Wiggins soon — Normally, a first-round pick closing in on signing his first contract is not news in this space as the deals for all first-round picks are predetermined and basically just need pen to be put to paper. But in the case of the No. 1 overall pick — Andrew Wiggins of the Cleveland Cavaliers — and his ties to trade talks dealing with Minnesota Timberwolves star Kevin Love, we’ll make an exception. As Brian Windhorst of ESPN.com points out, the Cavs’ expected signing of Wiggins would, if nothing else, significantly delay any kind of Love-to-Cleveland deal:

The Cleveland Cavaliers are planning to sign No. 1 overall draft pick Andrew Wiggins to a contract in the coming week, according to sources close to the process.

Sources told ESPN.com that the Cavaliers’ delay in signing the former Kansas star has nothing to do with the prospect of Wiggins being dealt to the Minnesota Timberwolves as part of Cleveland’s ongoing trade discussions for Kevin Love.

The Cavaliers, sources say, are merely exploring options for using their estimated $1.4 million in remaining cap space before signing Wiggins to a contract that will pay him in the neighborhood of $5.5 million as a rookie.

The Cavs and Timberwolves have been discussing a Love trade since the return of LeBron James, with sources saying that Minnesota is insistent on getting Wiggins back in any deal that sends Love to Cleveland.

Once Wiggins signs, though, league rules stipulate that the Cavs must wait 30 days before trading him.

The Cavs’ delay in formalizing Wiggins’ contract has garnered extra attention because of the Love factor, but the reality is that this process is a fairly routine bit of salary-cap management that takes place this time of year with draft picks.


VIDEO:
Andrew Wiggins talks about being in the thick of the Kevin Love trade talks
(more…)

Morning shootaround — July 20


VIDEO: Highlights of the Summer League quarterfinals played July 19

NEWS OF THE MORNING

Lance is the Hornets’ hobby now | It’s about Klay’s defense | The L-Train runs to Brooklyn | Giving World Peace another chance

No. 1: Lance is the Hornets’ hobby now — His talent is undeniable. His persona is irrepressible. And now Lance Stephenson is the Charlotte Hornets’ hope and challenge, a budding, two-way star who might reach his All-Star potential with his new team or yield to some distracting ways with the validation of a new three-year, $27 million contract via free agency. Al Jefferson, the Hornets’ main man up front, will find out (if he doesn’t already know it) that Stephenson is an adept passer and managed to deliver the ball to Indiana’s Roy Hibbert better than anyone else on the Pacers roster. He also might find out why David West, Paul George, George Hill, Hibbert and Rasual Butler stayed so busy keeping Stephenson on task and occasionally talking him down from emotional ledges. Here is some Jefferson quotage on Charlotte’s strong summer move courtesy of ProBasketballTalk.com:

“I’m excited about Lance,” Jefferson said in the hall outside the Hornets locker room at the Thomas & Mack Center, where he had shown up to watch Charlotte eliminate New York from the Summer League tournament. “We’re all going to be on the same page as far as defense, and defense dictates the offense.

“But Lance is a playmaker. That’s the reason he led the NBA in triple-doubles last year. He’s got this nastiness about his game that you want on your team. I was really excited to hear he signed with us and he wanted to do that. I think he’s got a lot to prove, and he wants to show people he can be a great superstar in this league.”

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No. 2: It’s about Klay’s defense – One of the head-scratching snags in what many see as a helps-both-teams deal between Golden State and Minnesota that would deliver Kevin Love to the Bay Area is the valuation of off-guard Klay Thompson. Thompson became an issue in the haggling early – beyond, as many saw it, his actual capabilities with either team. Turns out, it’s his defense that has been getting short shrift from many of the so-called experts. Golden State’s roster isn’t built to withstand the loss of Thompson’s backcourt defense as long as Stephen Curry is back there handling so much of the offensive load. As USA Today’s Sam Amick writes:

In short, they’re not willing to ditch the defense.

Their recent refusal to include guard and Timberwolves target Klay Thompson in the deal is rooted in this reality, as losing Thompson would not only leave Curry overexposed defensively in the backcourt but is compounded by the fact that Love — much like incumbent power forward David Lee, who would head to Minnesota if this deal got done — isn’t exactly known as a two-way player. From Lacob on down, this is a major part of the Warriors’ internal analysis and something that belies all the initial speculation about how this Kerr era might be defined.
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Thompson, meanwhile, left a lasting impression on his bosses with the way he played in his most recent postseason. Kerr wasn’t part of the program just yet, but he had a front-row seat as a TNT analyst and was just as impressed as the rest of them.

“Klay guarded Chris Paul the entire Clippers series,” Kerr, who spoke about Thompson but did not discuss the Love situation, told USA TODAY Sports on Friday. “He has allowed Steph to conserve some energy at the defensive end, and to slide over to a shooter. The versatility that we have defensively between Klay and (new point guard) Shaun Livingston and (small forward) Andre (Iguodala), it’s really important for us…We’re excited about our roster.”

In addition to becoming a scorer on the rise (18.4 points per game last season on 44.4% shooting overall and 41.7% from three-point range), Thompson’s task of guarding the other team’s point guard is significant here. The Warriors need Curry to continue playing like the face of their franchise that he is, but overburdening him with a backcourt partner who doesn’t live up to Thompson’s standards defensively is seen as a major threat to this crucial component.

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No. 3:  The L-Train runs to Brooklyn — Run was the operative word when Lionel Hollins, most recently head coach of the Memphis Grizzlies who spent last season in media gigs, got the call from the Brooklyn Nets to come a-interviewing. Jason Kidd, last season’s coach, had torpedoed his position with a failed power play that sent him in the recoil to the Milwaukee Bucks. The Nets wanted to fill the void fast, and that’s how Hollins went about landing the job. Gary Washburn of the Boston Globe had other nuggets from the erudite and candid Hollins that makes him an asset not just to Brooklyn but to NBA reporters’ notebooks:

“Yeah, it was sudden,” Hollins said of the call from Nets general manager Billy King. “Saturday I was sitting at home with no job and Sunday night I’m flying to New York, Monday I’m having dinner with Billy and his staff, Tuesday I’m interviewing, Tuesday night I’m on my way home, and when I get home contract negotiations had already started, and Wednesday it was a done deal.”
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The Nets still have talent but there are questions. [Brook] Lopez is coming off yet another foot injury. [Deron] Williams underwent ankle surgery during the offseason and there are murmurs that he is in decline. [Joe] Johnson will be 33 when the season begins and the salary cap-strapped club has made no major offseason acquisitions.

“I think that [Lopez], Joe, and Deron are the three big names in the nucleus, and KG [Kevin Garnett] if he decides to come back and play will certainly be in that mix, and I look for him to start and play,” Hollins said.
Hollins has spent the past few weeks trying to find housing in Brooklyn, reaching out to players on the roster, and assembling a staff.

“Yes, I was surprised by the fact that it did open,” he said of the Nets job. “It’s not something that you think. But I always say that every year you go through and all the job opportunities fade away and then something happens where somebody decides to resign, or somebody does what happened in the Brooklyn case. It’s not like I was dead to coaching — I’m watching TV, I worked for NBA TV, I worked for NBA Radio, and so I never shut down from looking and thinking about the game and what I would do in certain situations. It just flows. It’s what I do.”

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No. 4: Giving World Peace another chanceMetta World Peace‘s greatest NBA success came under Phil Jackson in Los Angeles. The New York Knicks already are on the hook to MWP for $250,000 this season, residue of his brief (29 games, one start) stint with them under coach Mike Woodson in 2013-14. So now that Jackson is running the basketball operation in New York and former Lakers guard Derek Fisher is the head coach, it doesn’t take a super-computer to calculate the likelihood of World Peace (who had asked for his release from the Knicks) being invited to training camp on a make-good deal. Marc Berman of the New York Post did some of his customary pot-stirring on the topic:

“[World Peace] has the utmost respect for Phil and Derek,’’ his agent, Marc Cornstein, told The Post. “There’s a history there. They know he’s out there.’’
The Knicks are trying to add another good-sized small forward to the roster. After Carmelo Anthony, only rookie Cleanthony Early is a true small forward. During summer league play, Early is trying to prove he is ready to be Anthony’s backup, but hasn’t shown he can create his own shot.
The World Peace camp has expressed interest to the Knicks. Under the buyout, the Knicks already are paying World Peace $250,000 for next season. If World Peace were invited and made the team, he’d be eligible for the veteran’s minimum, $1.4 million.
The Queensbridge product was disillusioned with his ballyhooed return to New York, which ended with a buyout Feb. 22 after he was buried in Mike Woodson’s doghouse and needed his left knee drained five times. Woodson didn’t like his offbeat act after signing him last July.
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If he doesn’t an invite to the Knicks’ training camp, he may become the assistant coach for the Palisades High girls basketball team in Los Angeles.

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SOME RANDOM HEADLINES: The Lakers had hoped to bring back Kendall Marshall but Milwaukee stymied that plan. … Cavaliers guard Kyrie Irving is like a lot of other Clevelanders: Excited about this LeBron guy. … Coach Doc Rivers showed his loyalty by bringing Delonte West to summer league, but the Clippers have “1,000 guards,” so West’s NBA comeback might have to happen elsewhere. … Former Wizards’ big Jan Vesely is headed back to Europe, and no one in the NBA is stopping him. … Don’t expect to see Kosta Koufos on the Greek national team. … It’s not quite of Kevin Love-Klay Thompson proportions but Golden State faces a decision on Nemanja Nedovic.

Giving Melo in NY the benefit of the doubt


VIDEO: Knicks welcome back Carmelo Anthony

HANG TIME SOUTHWEST – It’s time to cut Carmelo Anthony some slack and stop cynically scoffing at his return to the New York Knicks as being, perceptually anyway, for no greater reason than to gobble the millions of dollars other teams couldn’t give him.

If we’re going to lather such thick praise upon LeBron James for the heartfelt letter as he told it to Sports Illustrated in which he was clear his return to Cleveland was more about the tug of his hometown and his family’s happiness there than his immediate quest to collect championships, then why can’t we be equally happy for Anthony for choosing the place he and his family feel most at home?

That the Knicks could offer more money, by rule of the league’s collective bargaining agreement, than the Chicago Bulls, Los Angeles Lakers or any other team, is completely out of Anthony’s control. The $30 million or so more that he could earn in New York (Anthony signed for $124 million, about $6 million less than the max), plus getting a fifth year as opposed to a maximum of four years anywhere else, are both worthy enticements to return, just as they are meant to be.

But what if Anthony’s love for the city, where he spent his early years and where his wife LaLa grew up, and his son calls home, was his true calling? What if his desire to one day bring a championship to the long-struggling franchise, just like the one in Cleveland that James so admirably wants to lift up, was Anthony’s deeper motivation for re-signing?

Anthony, like James, talked about his family’s happiness in an interview with VICE Sports before his free agency tour of Chicago, Houston, Dallas and Los Angeles began:

“The average person just sees the opportunity to say, ‘Melo should go here, Melo should go there.’ But they don’t take into consideration the family aspect of it, your livelihood, where you’re going to be living. Do you want your kids to grow up in that place? Do I want to spend the rest of my career in that situation, in that city?

“My son goes to school and loves it here (in New York). To take him out and take him somewhere else, he would have to learn that system all over again. I know how hard it was for me when I moved from New York to Baltimore at a young age, having to work your way to try to make new friends and fit in and figure out the culture in that area.”

I can hear the scoffing from here. But why are James’ intentions viewed as pure, while Anthony’s as only greedy?

I understand. You don’t have to be John Hollinger to recognize that adding Anthony as the missing, high-scoring wing to the Bulls, with coach Tom Thibodeau‘s defensive philosophy stamped all over the club, with Joakim Noah as the fiery, emotional leader and former league MVP Derrick Rose returning, would mean big, big trouble in the Eastern Conference.

It seemed a natural fit. Of course, the Bulls, by virtue of the CBA and their own cap situation, could only offer Anthony around $75 million. That’s significantly less money than his New York deal and one likely any rational human being, or businessman, wouldn’t consider for long.

But because this is basketball and not a Fortune 500 company, we want Melo to take less and go to the Bulls because it just makes too much basketball sense. And clearly it seems Anthony grappled with the decision.

He knew he could join an instant contender in Chicago, while the 2014-15 campaign in New York will be a learning one with rookie coach in Derek Fisher and an incomplete roster. Reaching .500 would seem a realistic goal.

But what if Anthony decided to stick with the team that unloaded a package of talented players in the trade to get him out of Denver just three years ago? What if Anthony decided to trust in new president Phil Jackson – the franchise’s first respected voice of authority in years — and give him a chance to assemble a roster in 2015 and 2016 when for the first time under this CBA, the club will boast cap space?

What if the money wasn’t the overriding factor, and visions of becoming the first Knick to hoist the championship trophy since, well, a much younger Jackson in 1973? And how much more meaningful it would be to do it in New York than anywhere else (just as LeBron said about Cleveland)?

Again, I hear the scoffing.

Maybe in the end, the money really was the only thing that mattered.

But just maybe, at age 30 and with a family, and understanding his legacy is far from complete in the game, Anthony embraced the bigger picture, the greater challenge ahead in New York, the city he and his family call home.

Maybe, like LeBron’s sentimental decision we ate up, Anthony’s, too, came from his heart; the extra wallet padding only New York could provide being nothing more than a bonus.

Stop scoffing.

Blogtable: Free agency winners & losers

Each week, we’ll ask our stable of scribes across the globe to weigh in on the most important NBA topics of the day — and then give you a chance to step on the scale, too, in the comments below.


BLOGTABLE: Free agency winners & losers | Thoughts on LeBron | Lakers’ coaching search



VIDEO: Carmelo, LeBron, Pierce … The Starters review the big offseason deals

> Who are the winners & losers in free agency thus far? Also, which free agent on the market is still ripe for the picking?

Steve Aschburner, NBA.com: I’d like to get clever here, but I’ll leave that to the crew below and stick with the “A” material here. LeBron James made the Cavaliers the biggest free-agency winners since the Heat four years ago. Losers? Either the Lakers, who got snubbed as if they still were back in Minneapolis, or the Rockets for their mighty whiffs on Carmelo Anthony and Chris Bosh, and what I think were shaky decisions adding Trevor Ariza (contract year!) and subtracting Chandler Parsons, Omer Asik and Jeremy Lin. Best guy left? I understand why he’s still on the board – can you say “restricted?” – but as an impact addition, if someone managed to pry him loose, I’d go with big man Greg Monroe of Detroit.

Fran Blinebury, NBA.com: Winners: Cavs, obviously. Champion Spurs kept their core together for another run in 2015. Bulls didn’t land Carmelo, but that’s a nice consolation prize in Pau Gasol.  Mavs did a good job with combined salaries of Dirk and Chandler Parsons and plugged that hole in the middle with Tyson Chandler. Losers: Pat Riley and the Heat. Despite keeping Chris Bosh and Dwyane Wade, then signing Luol Deng, you are always losing when the best player in the game gets away. The Rockets were left holding an empty bag when Bosh spurned off and also let Parsons go to Dallas. Lakers wind up with Jeremy Lin, but still have no coach and are without Gasol. Hard to see them being relevant again by October. Eric Bledsoe is now the top name still out there, but the Suns insist they’ll spend what it takes to match and keep him. Since Stan Van Gundy also insists he’s keeping Greg Monroe and Lance Stephenson is headed to Charlotte, who else is out there?

Jeff Caplan, NBA.com: Obviously the big winner is Cleveland. They got the King Fish. Chicago nabbing Pau Gasol and Dallas winning a restricted free-agent game of chicken with rival Houston to get Chandler Parsons are also winners. Miami, Houston and the Los Angeles Lakers are the big losers. As for free agents still out there, Phoenix point guard Eric Bledsoe has yet to receive an offer sheet, and probably because teams know the Suns will match. As for unrestricted free agents, Andray Blatche is a pretty talented big man, who comes with baggage, and there seems to be very little talk of him. There’s also 36-year-old Shawn Marion, who seemed to be a perfect fit in Miami had LeBron strayed, but now appears to running short on options.

Scott Howard-Cooper, NBA.com: The Cavaliers are obviously the winner. Getting LeBron James not only changes a roster, it alters the mood of an entire organization. Plus, while Kyrie Irving was not a free agent, getting his extension done at the same time, and done quickly in another positive statement, made it the best July possible. Loser: Rockets. Most every team misses on a free agent, but Houston moved assets and still came up empty on Chris Bosh and Carmelo Anthony, lost Chandler Parsons and turned to Trevor Ariza as a save. We’re still waiting to see what happens with Eric Bledsoe and Phoenix.

John Schuhmann, NBA.com: The biggest winner is obviously Cleveland. The biggest loser is Houston. Not only did the Rockets miss on the big free agents they were targeting, but they traded away their depth in order to do so. Defense and shooting should be priorities across the board, so Shawn Marion and Mo Williams are two available guys that could contribute meaningful minutes. Either would be a good fit in Houston and Williams could also help Atlanta’s backcourt. (For the record, my original answer was Anthony Tolliver, writing that he’d be a good fit with the Suns. Right after I sent that in, he agreed to terms with them.)

Sekou Smith, NBA.com: I think it’s still a bit too early to declare an extended list of winners and losers. But there is no doubt the Cleveland Cavaliers came up in a major way with LeBron James deciding he was ready to come home. Anytime you score the No. 1 player on the planet, you’re the official winner of free agency. Surprisingly, the Heat rank high on my list. They rebounded nicely from losing LeBron by keeping Chris Bosh from going to Houston. The Bulls make my winners list, too, snagging Pau Gasol. The Rockets and Los Angeles Lakers, two of the biggest aggressors for superstar players on the market this summer, came up empty. And while I love risk takers, they’ve landed themselves on top of the losers list for me. This list is fluid, though, and could continue to grow depending on how several teams finish off their free agent summers.

Lang Whitaker, NBA.com’s All Ball blogThe loser has to be Houston. (Well, Miami, too, but other than that.) The Rockets gave away Omer Asik and Jeremy Lin, and let Chandler Parsons go as well, all to clear room for Chris Bosh, who stayed in Miami. Then they overpaid (for a second time) Trevor Ariza to fill that void. For a winner, how about Washington? They lost Ariza but picked up Paul Pierce, who will be terrific to be in John Wall‘s ear for two seasons, at a completely reasonable price. I also like Atlanta getting Thabo Sefolosha, the Human Lisp, at a reasonable price, giving them two (with DeMarre Carroll) stoppers on the wings. And I love Memphis getting Vince Carter to fill that wing scoring void they’ve had forever.

Morning shootaround — July 15


VIDEO: Daily Zap for games played July 14

NEWS OF THE MORNING

Anthony took pay cut to return | Parsons ‘offended’ by how Rockets treated him | Marion, Williams out of Mavs’ mix? | Report: Lakers may make coaching hire soon

No. 1: ‘Melo took small pay cut to stay with Knicks — When Carmelo Anthony announced he was re-signing with the New York Knicks on his website, he said he is a Knick at heart. That may be truer than you think as Anthony took a $6 million paycut on the overall value of his deal to free up future cash for New York. Team president Phil Jackson confirmed that fact to reporters during his chat with them at Summer League in Las Vegas, writes Marc Berman of the New York Post:

Phil Jackson said Carmelo Anthony took less than the maximum $129 million contract, and the Zen Master declared he needs his star player to maximize his teammates to win a championship.

Anthony took less to stay with the Knicks — estimated at $122 million to $123 million over five years. But it was still a lot more than what the cap space-challenged runner-up Bulls could offer — four years, $73 million.

Jackson confirmed The Post’s reports Anthony structured the deal to give the Knicks more cap space in 2015. It is believed he didn’t take his annual 7.5 percent raise in Year 2 and may have taken a tiny pay decrease. Under collective bargaining agreement rules, a player can receive as high as a 7.5 percent pay raise annually.

“He did exactly what we kind of asked him to do,’’ Jackson said. “Give us a break in the early part of the contract when we have some wiggle room — hopefully big enough wiggle room — next year when we can exploit it.’’

Anthony’s sacrifice in Year 2 likely opens up about $2 million more in cap space for 2015, but the rest of his annual wages suffer by not taking the raise.

Meanwhile, Jackson emphatically said Anthony has to buy into this triangle-like new system that will promote sharing the ball and taking the load off him offensively. Otherwise, Jackson feels the Knicks won’t compete for a title anytime soon.

“It depends how quickly our team evolves,’’ Jackson said of how soon the club will be in title contention. “If we evolve as a team, we can do it rather quickly. If we’re still going to sit and rely on Carmelo to do everything, it’s not going to happen.

“We put that load on him, it’s not going to happen. That’s what we’ve wanted to assure him. We want to evolve as a team and that sometimes means the old buying into the system and giving in to the process. And the process can take time. Hopefully shorter time than longer.’’


VIDEO: Phil Jackson talks with NBA TV about the Knicks’ offseason to date (more…)

Morning shootaround — July 13


VIDEO: Daily Zap: July 12

NEWS OF THE MORNING

Decision day for the Rockets | Only a two-year deal for James | Pierce keeps it moving | Deng the next domino?

No. 1: Decision day for the Rockets — The Houston Rockets have a new small forward, having agreed to a four-year deal with former Wizard Trevor Ariza. Does that mean that they’re ready to part ways with their old small forward? Not necessarily. The Rockets have until 11:59 p.m. ET on Sunday to match the three-year, $46 million offer sheet that Chandler Parsons signed with the Dallas Mavericks. And they may feel like Ariza and Parsons could play together, as Yahoo’s Adrian Wojnarowski writes:

The Houston Rockets are still strongly considering the Dallas Mavericks’ offer sheet for Chandler Parsons after reaching agreement on a four-year, $32 million contract with free-agent forward Trevor Ariza, league sources told Yahoo Sports.

Ariza’s contract is on a declining scale, paying him $8.6 million, $8.2 million, $7.8 million and $7.4 million over the next four seasons, sources said.

The Rockets are expected to take until 11:59 p.m. ET Sunday to match the three-year, $46 million offer sheet the Mavericks gave Parsons, sources said. The Rockets could give Parsons some minutes at power forward, allowing them to play him and Ariza together.

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No. 2: Only a two-year deal for JamesLeBron James could be a free agent again next season. ESPN’s Brian Windhorst reports that James only signed a two-year contract with the Cleveland Cavaliers, and it has a player option for 2015-16, allowing him to look for a new deal again next summer. But Windhorst writes that it isn’t about James not being truly committed to Cleveland. It’s about the additional money he could make with a new deal in a year or two:

Depending on how the new television contracts are put together, the salary cap is projected to leap to as high as $80 million in 2016. There is also uncertainty with the current collective bargaining agreement starting in 2017, another reason James wanted to keep his long-term options open when it comes to the structure of his contract.

James’ off-court earnings, which top $40 million per year according to some estimates, allow for him to take some short-term risk to maximize long-term earnings.

James has earned $129 million over his 11-year career but has only earned the max salary three times during that span.

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No. 3: Pierce keeps it moving — It was weird seeing Paul Pierce in a Brooklyn Nets uniform last season. It may be even weirder seeing him in the Washington Wizards’ red, white and blue this year. In a bit of a stunner, Pierce and the Wizards agreed on a two-year deal (for the mid-level exception) on Saturday night. Michael Lee of the Washington Post has the story:

Refusing to stagger after the stunning defection of Trevor Ariza to the Houston Rockets, the Washington Wizards shook off the disappointment and made a shocking deal of their own by landing Paul Pierce.

Pierce, a 10-time all-star and likely Hall of Famer, agreed to sign a two-year deal for the full mid-level exception worth $10.8 million, according to a multiple people with knowledge of the situation. He has a player option for the second year.

The 36-year-old Pierce spent the first 15 years of his career with the Boston Celtics, winning a championship in 2008, and his former teammate and current Wizards assistant Sam Cassell played a huge role in recruiting him to Washington. He averaged a career-low 13.5 points last season in Brooklyn but gives the Wizards a proven big-game performer and another veteran mentor to help expedite the progression of franchise building blocks John Wall and Bradley Beal.

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No. 4: Deng the next domino? — Ariza, James and Paul Pierce have found new homes, while Parsons will either be a member of the Dallas Mavericks or Houston Rockets when the clock strikes midnight on Sunday. But where does Luol Deng land in this game of small forward musical chairs? The Miami Heat have been trying hard to make him James’ replacement and stay near the top of the Eastern Conference, but other teams (Atlanta, Dallas and Phoenix) are still in the mix for Deng, as ESPN’s Marc Stein reported late Saturday:

Sources say it’s possible Wade’s looming deal with the Heat might not be finalized until next week while negotiations with Deng continue. But Miami’s current aim is assembling a core that features Wade and Bosh with newcomer Josh McRoberts and Deng if they can complete a deal with the former Chicago Bulls All-Star.

Dallas and Atlanta remain interested in Deng as well, with sources saying Saturday that the Phoenix has also jumped into the mix for Deng, who was traded from Chicago to Cleveland in January after years of trade rumors.

***

SOME RANDOM HEADLINES: The Nets could still be a playoff team this season, but championship dreams are basically out the windowIt’s a “wait ’til next year” situation in BostonIs LeBron Melo’s Jordan?The Thunder got what they needed in Anthony Morrow … The Kings and Isaiah Thomas weren’t on the same page.

ICYMI of The Night: After his Summer League debut, Jazz rookie Dante Exum sat down the The Starters:


VIDEO: Starters: Dante Exum

Morning shootaround — July 12


VIDEO: Gasol close to deal with Bulls

NEWS OF THE MORNING
Gasol headed to Chicago? | ‘Melo back to Knicks | Wade, Haslem next for Heat | Wiggins for Love? | New Cavs coach ecstatic to coach the King

No. 1: Gasol, Bulls getting closer – After he turned down contract offers from the Lakers, it appears 7-foot center Pau Gasol, and not Carmelo Anthony, could be headed to play for the Chicago Bulls. Gasol is considered the Bulls’ top choice if they were unable to land Anthony. ESPN.com’s Marc Stein has the details of a story broke in the wee hours of Saturday morning:

Pau Gasol is inching closer to becoming a Chicago Bull, according to the Spanish newspaper Marca and other media reports.

The paper first reported late Friday that the Bulls are closing in on a deal with Gasol despite the absence of a sign-and-trade agreement with the Los Angeles Lakers.

Sources close to the situation told ESPN.com’s Ramona Shelburne late Friday that a sign-and-trade arrangement had not been struck, with the Lakers still looking for draft compensation — as they received in Friday’s earlier trade with the Houston Rockets to take back the contract of Jeremy Lin — as the primary return for Gasol.

ESPN.com reported earlier Friday that the Bulls and San Antonio Spurs had emerged as the two leading candidates to land Gasol, with San Antonio poised to land the Spaniard if the Bulls and Lakers could not finalize a sign-and-trade deal.

Sources told ESPN.com’s Marc Stein late Friday that the Bulls were prioritizing their pursuit of Gasol even ahead of their long-running efforts to sign Carmelo Anthony, fearing that Anthony is likely to stay with the New York Knicks.

The Lakers appear resigned to seeing Gasol exit after a successful six seasons together. Prior to Friday, the Lakers offered Gasol two deals: two years worth $23 million, and three years worth $29 million, a league source told ESPNLosAngeles.com’s Dave McMenamin. Gasol turned down both offers, according to the source.

***

No. 2: Melo preparing for New York return — The process has taken longer than anybody expected, but it appears the end result will be what everybody expected, and that’s Carmelo Anthony returning to the New York Knicks. Frank Isola of the New York Daily News reports that forward will reveal his plan in the next 24 to 48 hours:

Carmelo Anthony will be competing against LeBron James for at least five more years but he wasn’t about to begin battling James for the national spotlight on Friday.

With James stunning the basketball world by announcing he was leaving the Miami Heat to return to the Cleveland Cavaliers, a source close to Anthony said that the free agent forward would reveal his plans within the next “24 to 48 hours.” The same source said that Anthony was preparing to re-sign with the Knicks.

When reached in Los Angeles on Wednesday, Anthony told the Daily News that he would make a decision on Thursday. The News reported that Anthony, according to a close friend, was committed to re-signing with the Knicks. However, the Chicago Bulls made another strong push early Thursday, and Anthony postponed his announcement.

If Anthony agrees to return to the Knicks, he will sign a five-year contract worth $129 million. The Bulls can offer only $75 million over four years. For the past two days, however, the Bulls have been trying to orchestrate a sign-and-trade with the Knicks that could potentially increase Anthony’s deal to $90 million.

But the same source claims that a sign-and-trade is unlikely. If the Bulls are unable to acquire Anthony, they will shift their focus to signing Lakers free agent Pau Gasol, whom Knicks president Phil Jackson is also pursuing.

***

No. 3: Riley begins reconstruction job — The headline on the website of the Miami Herald screamed “ALL IS NOT LOST” and that’s because hours after the news broke that LeBron James was leaving the Miami Heat to return to the Cleveland Cavaliers, Heat president Pat Riley secured All-Star forward Chris Bosh and will also bring back Dwyane Wade plus Heat lifer Udonis Haslem, who had also opted out of his contract prior to the start of free agency. Joseph Goodman of the Miami Herald has the story:

James’ pending decision had put the Heat’s free agency plans on hold for several intense days, but the rebuilding process moved quickly for team president Pat Riley after the stunning announcement. It didn’t take long for Bosh, Wade and Udonis Haslem to sign off on returns to the Heat.

Bosh – who all along said he wanted to stay in Miami but was considered by many a lock to sign with Houston after James’ departure – agreed to stay with the Heat and will get a five-year deal worth a reported $118 million. Deals were also being worked out for Wade and Haslem.

Wade, who brought Bosh and James to Miami four years ago and helped keep Haslem in the fold, attempted to engineer magic at the 11th hour for the Heat on Thursday. He attended James’ basketball camp in Las Vegas and then flew back to Miami with James on Thursday night. At that point, the around-the-clock coverage of the Heat’s saga appeared to be playing out positively for Miami. But behind the scenes, James had already made up his mind. He was going home.

***

No. 4: Wiggins in deal for Love? — The Cavaliers would love, no pun intended, to pair Kevin Love with LeBron James. But to get the discontented Timberwolves star in a trade, the Cavs will have to knock the socks off Minnesota president and coach Flip Saunders. And that means making No. 1 pick Andrew Wiggins the centerpiece of the deal. There’s been conflicting reports as to whether the Cavs will be willing to do that. Ken Berger of CBSSports.com is hearing they just might:

A new superteam could form soon in Cleveland. CBSSports.com’s Ken Berger reported that there’s a feeling that the Cavaliers could make No. 1 pick Andrew Wiggins available in a Kevin Love trade.

In addition, ESPN’s Marc Stein reported that Love is “intrigued” by the idea of playing with LeBron James and would sign a long-term deal with the Cavs.

Meanwhile, according to Yahoo Sports’ Marc Spears, Wiggins’ camp doesn’t believe he’ll be moved to the Minnesota Timberwolves.

It’s a tricky situation, as teams generally don’t like to trade 19-year-old potential stars. Generally, teams like Cleveland don’t get them, though. With James back in the fold, the Cavaliers are looking at contending for championships, and acquiring Love would get them to that point much faster than waiting for Wiggins to develop.

One has to wonder what James’ preference is. He obviously knows how great Love is, and has played with him on Team USA. He’s also known Wiggins since he was a high schooler, and discussed being a mentor to Cleveland’s young players in his announcement. Then again, he didn’t mention Wiggins by name in that story.

Thinking logically, it shouldn’t be surprising if a Love-Wiggins blockbuster is one of the moves set in motion by James’ signing. Love wants to win, and would have a great chance of doing that in the Eastern Conference alongside the best player in the world. Minnesota needs to get some young talent with star potential if it’s going to trade Love, and that’s exactly what it could get with Wiggins. It’s not the talented rookie’s fault he’s being mentioned in trade rumors, he’s just found himself in an extremely unusual situation.

***

No. 5: Cavs coach ecstatic to work with LeBron — Four years ago, Byron Scott took over the Cavaliers, surely expecting to coach LeBron James, who was a free agent. Scott never got the chance. When new Cavs coach David Blatt recently signed on, he had no inkling that he would coach James. Now he will, and he’s thrilled about the opportunity. The Associated Press caught up with Blatt at the Las Vegas Summer League:

“First and foremost I’m happy for LeBron, because he made a very difficult decision,” said new Cavaliers coach David Blatt after his team’s 70-68 win. “Obviously he made a decision from the heart more than anything else and I respect him for it and I’m joyful for it.

“Second of all, for the Cleveland Cavaliers and the state of Ohio – if you were around Cleveland today you would understand what I’m talking about – he just lifted a whole state by himself.”

Blatt said he learned the news at 9:45 a.m. Las Vegas time – 12:45 p.m. Cleveland time, about 30 minutes after the news broke — during his team’s shootaround.

Friday night, from media row, to fans in the stands, Summer League staff, to the person pushing buttons in the freight elevator — everyone was talking about King James.

“When I learned about it, I wasn’t altogether surprised, particularly after reading what LeBron wrote, which was heartfelt and so indicative of the kind of person that he is; that just made it all the sweeter,” Blatt said. “I thought ‘I’m gonna have an awfully good seat to watch the best player in the world play this year.’”

***

SOME RANDOM HEADLINES: After LeBron news, Cavs sell out season ticketsMemphis steals Vince Carter from Mavs … LeBron reaches out to friend, former Heat teammate Mike MillerJeremy Lin gets fresh start with the Lakers … Hawks sign Lakers swingman Kent Bazemore to two-year deal … Rookies Parker, Wiggins make Summer League debut in front of packed houseLamar Odom‘s comeback bid with Knicks ends quicklySuns acquire Kings point guard Isaiah Thomas in trade.

Live Blog: James back to Cleveland

From NBA.com staff reports

Free-agents could sign deals yesterday and we saw some movement on that front Thursday, but the guys everyone is waiting to hear from — LeBron James and Carmelo Anthony — still haven’t revealed their choice. We’re here to keep up with everything going on in the free-agency world, so be sure to check back often …

Free Agent Tracker | More Free Agency updates

Update, 12:17 p.m. — LEBRON IS GOING TO CLEVELAND

He tells Sports Illustrated in an exclusive.

Update, 11:58 a.m. — Report: Letter a non-issue?

News about LeBron James, Dan Gilbert and the impact of Gilbert’s letter posted to the Cavs’ website four years ago are flying about. Yahoo! Sports’ Dan Wetzel has an update on just what that letter might actually mean to LBJ …

Update, 11:55 a.m. — That ‘other’ contender in the East

While folks are worrying where you-know-who might be headed, let’s not forget the team that did finish with the best record in the East, the Indiana Pacers. Coach Frank Vogel had a couple of things to say about LeBron, the team’s efforts to land Lance Stephenson and more

(And, ICYMI, the Pacers added to their roster today by adding C.J. Miles and Damjan Rudez and re-signing Lavoy Allen)

Update, 11:03 a.m. — Report: Wade unsure of James’ leaning

LeBron James reportedly boarded a flight to travel from his basketball skills camp in Las Vegas to Miami with his Heat teammate, Dwyane Wade, who was said to be on the flight. Who knows what they talked about, but Yahoo! Sports’ Adrian Wojnarowski ventures a sourced report that Wade may have been there to provide a last-minute sales job to James on staying in Miami

Wojnarowski provided another update on that flight and chat, which basically keeps the LeBron decision as ambiguous as its always been …

Update, 10:56 a.m. — Magic officially ink Gordon

The Orlando Magic aren’t expected to make a lot of noise in free agency this summer, but they’ve made one move official that was one of the early shockers of the offseason — signing Ben Gordon to a multi-year deal:

Update, 10:34 a.m. — Pierce out at WSOP

Paul Pierce is one of those many, MANY free agents waiting to make his next move in terms of a roster decision. While he was doing so, he spent some time participating in the World Series of Poker tournament, but, alas, he’s out of the running.

ESPNNewYork.com’s Mike Mazzeo has more:

Paul Pierce made a remarkable run in the 2014 World Series of Poker Main Event.

But his dreams of cashing were squashed early Friday morning, when he was eliminated just shy of the money.

According to ESPN.com’s poker expert Andrew Feldman, Pierce finished in around 800th place. The top 693 finishers get paid.

Nevertheless, Pierce has nothing to be ashamed of. This year’s tournament field featured 6,683 entrants, and the future Hall of Fame forward, who played last season with the Brooklyn Nets, nearly made it to Day 4 in the $10,000 buy-in No-Limit Texas Hold ‘Em event.

Pierce was ousted in tough fashion. He went all-in with a board of A-J-3-6-4. Pierce held A-4, two pair, but his opponent, after thinking for a few minutes, called and showed A-J, top two pair. (You can find more details here).

Update, 10:27 a.m. — Hulk Hogan & LeBron James, world changers

Fans of the NBA (and late 1990s pro wrestling) might like this little piece from SI.com’s Extra Mustard crew about how the decisions Hulk Hogan and LeBron James made forever changed sports fandom …

Update, 10:12 a.m. — Morrow getting attention

Most free agents are waiting it out to see what Carmelo Anthony and LeBron James do next. One free agent that continues to draw interest — as our David Aldridge tweeted last night — is New Orleans Pelicans sharpshooter Anthony Morrow

Update, 10:02 a.m. — Some dollars-and-cents facts on LBJ

If LeBron James ends up shifting from Miami to another destination, how does it affect the Heat’s bottom line? ESPN.com’s Darren Rovell spells it out a bit …

Update, 9:18 a.m. — A little look inside the LBJ’s Vegas Camp

The main reason LeBron James was in Las Vegas the last few days was to hold his LeBron James Skills Academy for top-flight high school and college players. The folks over at BallIsLife.com and PointGuardU provide some insight into what went on at the actual camp on the court …

Update, 9:05 a.m. — Just in the neighborhood

He might be in Miami (or who knows where), but hopeful Cavs fans have set up a camp of sorts near LeBron’s home in Ohio

Update 8:46 a.m. — Cleaning up the Bath …

One of the big storylines last night in regards to a potential LeBron James-Cleveland Cavaliers reunion was that the police in Bath Township, Ohio, had been notified by LeBron’s crew to alert them to an announcement last night.

The Akron Beacon-Journal‘s Jason Lloyd clears up what that was all about:

Update, 8:15 a.m. — Report: Gilbert’s letter still an issue for LeBron

Shortly after LeBron James famously made his decision to leave the Cleveland Cavaliers for the Miami Heat in 2010, Cavs owner Dan Gilbert authored a scathing takedown of James that was published on the Cavs’ website. The letter lingered on the site for years and was recently removed (SB Nation details the process here), but it seems that letter might be hurting the Cavs’ chances of getting James back.

Chris Broussard of ESPN.com has more

One reason, if not the major reason, that LeBron James has taken so long to decide whether to play in Miami or Cleveland next season is the infamous letter Cavaliers owner Dan Gilbert penned about James after the superstar left Cleveland in 2010, sources said.

In the letter, written in Comic Sans font, Gilbert called James a “coward” and mocked the many nicknames and catchphrases attached to James, such as “King James,” “The Chosen One” and “Witness.”

The letter remained on the Cavs’ website for the past four years until the team removed it earlier this week.

While James recognizes that informing Cavs fans and Gilbert, who was told of James’ decision to leave Cleveland in a telephone call five minutes before it was announced, on national television was a mistake, he is still wrestling with whether or not to return to play for Gilbert’s team.

“If it wasn’t for that letter, this would’ve been done awhile ago,” one source said.

(more…)

Morning Shootaround — July 10


VIDEO: What might LeBron James do next in free agency?

NEWS OF THE MORNING

Reports: LeBron leaves meeting with no decision made | Uncertainty reigns in Anthony’s decision | Report: Nets to pay $90M in luxury taxes | Report: Bulls pick up pursuit of Gasol

No. 1: Reports: LeBron leaves meeting with no commitment to Heat — Well, the LeBron James-Pat Riley-Miami Heat summit in Las Vegas is done and the team has no more of an idea of where LeBron will choose to play next season and beyond. The choices, writes Adrian Wojnarowski of Yahoo! Sports, seem to come down to the incumbent Heat and his old team, the Cleveland Cavaliers. Depending on which report you read, the decision may happen soon … or, who knows when. First, here’s Wojnarowski first on the meeting:

Superstar free agent LeBron James met with Miami Heat president Pat Riley on Wednesday in Las Vegas and left without committing to a new contract, a league source told Yahoo Sports.

No decision date has been set, a source close to James told Yahoo Sports’ Marc Spears.

James and his agent Rich Paul met with Riley on the same day the Cleveland Cavaliers agreed to a three-team trade to clear enough salary-cap room to make James a maximum contract offer, opening a path for his possible homecoming, sources said. The Cavaliers are also pursuing a trade for Minnesota Timberwolves forward Kevin Love, contingent on James returning to Cleveland, sources told Yahoo Sports.

If James leaves Miami, Chris Bosh‘s intention is to also leave the Heat, league sources told Yahoo Sports. Bosh has been speaking with the Houston Rockets, who are prepared to clear enough cap room to offer him a four-year, $88 million contract.

If the Cavs can’t get James, their backup plan remains making a run at signing free-agent forward Trevor Ariza, league sources told Yahoo Sports.

The Timberwolves will demand Andrew Wiggins, the Cavs’ No. 1 overall pick from last month’s NBA draft, be a part of any proposed deal, sources told Yahoo Sports.

ESPN.com’s Chris Broussard and Brian Windhorst also have a report on the meeting and what might be next for James:

LeBron James met with Miami Heat officials for more than an hour Wednesday afternoon in Las Vegas but emerged without a decision about his future, sources told ESPN.com.

James and his agent Rich Paul are done meeting with teams, according to sources close to the situation. James now will talk with his family and make his choice.

There is no timetable for James’ decision, but with him reportedly planning to attend the World Cup this weekend in Brazil, a decision before then seems likely.

The Rockets’ position, however, got more complicated on Wednesday when their restricted free agent Chandler Parsons signed a three-year offer from the Mavericks for more than $45 million, which the Rockets have three days to match.

If the Rockets match, they will lose the requisite cap space needed to sign Bosh. They can match the offer and still afford Bosh, but only if they sign Bosh first. To make room for Bosh, the Rockets will need to execute at least two trades, likely involving Omer Asik and Jeremy Lin, to clear cap space.

The Heat were represented at Wednesday’s meeting with James by president Pat Riley and general manager Andy Elisburg. James was joined by Paul. This was the first known face-to-face meeting James has held since officially becoming a free agent on July 1. James’ agent met or spoke with officials from the Mavericks, Rockets, Suns, Cavaliers and Lakers last week, but James was not present.

James spent Wednesday morning and evening working out, playing pickup and speaking to high school and college stars at his LeBron James Skills Academy basketball camp.

(more…)