Blog Entry

Free-Agent Buzz (UPDATE)

Posted on: July 8, 2010 4:47 pm
Edited on: July 8, 2010 11:05 pm
Teams shut out of the LeBron James chase already are shifting to their Plan Bs.

The Knicks finalized plans Thursday night to send David Lee to the Warriors in a sign-and-trade that sends Anthony Randolph, Kelenna Azubuike to the Knicks, a person with knowledge of the deal told The deal was arranged prior to LeBron James' announcement and was contingent on James choosing a team other than the Knicks. Of course, he did. Lee gets a six-year, $80 million deal.


While Miami has a five-year, approximately $28 million offer on the table for free-agent small forward Mike Miller, the Knicks are prepared to swoop in and foil Pat Riley's plan to secure a shooter for James and Dwyane Wade. According to an executive familiar with the Knicks' plan, New York is prepared to outbid Miami for Miller if James says no to them. The Knicks can offer about $12 million more, and that's too much money for Miller, 29, to leave on the table. There also will be competition for Chicago, sources say, as the Knicks, Bulls and Heat are expected to get into a bidding war for complementary players. The Heat will get outbid money-wise because their cap space will be occupied by LeBron, Wade and Bosh, so Riley's sales pitch will be: Come win championships and play for the minimum.


Mavs coach Rick Carlisle's recruiting efforts with center Brendan Haywood paid off, as Haywood agreed to a six-year, $55 million deal to stay in Dallas. The sixth year is non-guaranteed, according to sources. ... Jermaine O'Neal has accepted a two-year deal from Boston at the mid-level exception of $5.765 million per year to bolster the Celtics' frontcourt with center Kendrick Perkins out six months with a knee injury suffered in the NBA Finals. ... The Cavs made a push Thursday to acquire point guard Jonny Flynn from Minnesota, a move to appease James, whose marketing company, LRMR, also represents Flynn. Timberwolves GM David Kahn, however, rebuffed Cleveland's overtures. ... Speaking of marketing, Yahoo! Sports reported that New Orleans All-Star point guard Chris Paul, who joined James in Akron this week for part of his Nike camp, has left agent Aaron Goodwin and will be represented by LRMR -- which, for now, is based in Cleveland, but after Thursday night, who knows?

Category: NBA
Tags: 2010 FA Buzz

Since: Dec 5, 2006
Posted on: July 9, 2010 2:10 am

Miami can sign free agents with additional $15M

It is interesting that everyone assumes that the Trio will take slightly less than max to fit under the cap. But they can (with the Beasley trade) free up $15M to spread over three or four free agents before they have to sign for the minimum and still provide $13.7 each to the three. With the advantage in income tax that Miami enjoys over each of the competing cities an additional $1.7M (New York) is saved making the contact less than $1M per year short of the max for each if they signed in NY. The benefits for all three in endorsement money with a championship far outstrip the contract amounts.

Spread that $15M in the right places and you get a banger (Shaq anyone?) a shooter or two and a point guard before you have to sign minimum contracts. Here is the breakout:

Chalmers $0.9M
Joel Anthony $1.0M (rights still held)
Free agents $15M
Wade $13.7M
Bosh $13.7M
James $13.7M
Total $58.0M

Look for those three contracts to have opt-outs because after three years they all have "Bird Exception" rights and Miami can resign them each for 35% of the then maximum salary cap for seven years. Those are the long term contacts they will want to keep.

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