BA Trade Deadline Primer: Mining for (Nuggets of) Gold
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NBA
February 16, 2015
by Zach Lowe
Don’t get your hopes up: This NBA trade deadline doesn’t promise major action, since so many teams on both sides of the buyer-seller divide got their business out of the way early.
1 But surprise deals
always pop up, and teams can chitchat with more certainty about the salary-cap environment after the players’ union smacked down the league’s smoothing proposal for future national TV money over All-Star Weekend.
Some corners of the league office are wary about the cap consequences of the league’s national TV take leaping from about $930 million in 2015-16 to $2.1 billion the following season. The cap level is tied to league revenue, and a mega-jump like that would send the cap skyrocketing from about $68 million next season to something like $90 million in 2016-17, according to various league and team projections.
As I’ve been
writing since the summer, an unprecedented cap increase raises thorny complications — including the possibility that super-talented teams might luck into a random one-year blip of cap flexibility. Big-market sad sacks like the Knicks and Lakers could offer two or even three huge salary slots to the loaded class of 2016.
The league’s smoothing proposal meant that none of this was written in stone; teams weren’t sure what the cap would look like after this season and had to plan for several contingencies. The plotting got easier over the last few months, as Michele Roberts, the union’s new executive director,
made it clear she was suspicious of any smoothing proposal from league headquarters. That suspicion morphed on Friday into an official rejection. The league and union can still negotiate, but time is running thin and a compromise seems unlikely.
In other words: Get ready for the cap bonanza of 2016. Teams know that it’s coming, and they can act with a hair more confidence over these final hours. Let’s spin around the biggest deadline-related questions as the madness unfolds.
How Crazy Will Denver Get?
The Nuggets are at the epicenter. They’ve been seeking multiple first-round picks for both Wilson Chandler and Arron Afflalo, talking with obvious contender types like the Blazers and ambulance-chasing with banged-up playoff teams like the Wizards. Snagging two firsts for Timofey Mozgov emboldened the Denver front office to chase big returns, and the rest of the league is waiting for Denver to step back as the deadline approaches. Anyone could have JaVale McGee for a fruit basket.
The more interesting questions surround Ty Lawson and Kenneth Faried. Denver isn’t shopping those guys, but Jusuf Nurkic is the only true untouchable on the roster, per several league sources who have dealt with the Nuggets. The sense around the league is that you could land Lawson or Faried with a
Godfather offer. They are gettable. Boston and Denver have had exploratory talks about Lawson, per several sources.
Lawson and Faried are also due a lot of future money in a league in which contracts are shorter than ever. Lawson will earn $12.4 million next season and $13.2 million in 2016-17. He’s an outstanding offensive player, and his shooting has rebounded after an icy start to this season. His ankle doesn’t appear to be bothering him much anymore. He’s something like the ninth-, 10th-, or 11th-best point guard in the league — a super-fast dynamo who can get into the lane at will, draw fouls, and dish a ton of dimes.
But he’ll be 28 at the start of next season, the ankle is worrisome, and he’s had some off-the court issues;
he was arrested on suspicion of DUI a few weeks ago, and
Brian Shaw famously toyed with eliminating daytime shootarounds because his players like the nightlife, baby. Shaw and Lawson have clashed at times this season, though that’s not necessarily a big issue. He’ll be 30 at the start of his next major contract, meaning the end of that deal could be a little ugly.
Dealing Lawson would leave Denver with a gaping hole at point guard, which is why it’s tempting to construct wild three-team trades in which they receive someone like Reggie Jackson or Goran Dragic from a third-party team.
As for Faried, his four-year, $50 million extension kicks in next season, and his development on both ends has plateaued. The salary-matching math is complicated with an extended player in the last season of his rookie deal, but there are paths around it.
But that’s where the league’s new cap environment becomes a factor. There is a feeling around the league that teams that aren’t free-agent destinations are coming to grips with their cap room being less valuable than ever. If free-agency behemoths have major room, the little guys will scrap for leftovers over the next few summers. Dealing for a player on an expiring contract, or even a guy with just one year left, holds less appeal than it used to. That guy can bolt almost immediately and enter a frothy marketplace of beaches, big cities, and friendly tax jurisdictions.
On the flip side, draft picks and rookie-scale contracts are fixed through the 2020-21 season
2 at dollar amounts that won’t increase as quickly as the cap. Young players will get proportionally cheaper every season. So will veteran players locked up on contracts signed over the last couple of years — the pre-spike deals. Contracts that look pricey and long now aren’t so bad, especially if the guy attached can play.
Detroit’s use of the stretch provision to soften the blow of eating Josh Smith’s money sent shock waves through the league. Teams haven’t made much use of the new stretch rule, which allows them to spread dead money over many years as a way of minimizing the cap hurt in any single season. Cutting Smith was a bad cap move, but it reinforced the value of the stretch provision: If teams trade for a flawed player with a “bad” contract, the stretch provision is almost a get-out-of-jail-free card. Some of those players might be worth a shot.
Non-glamour teams are looking more at those guys as agreeable trade currency. Lawson and Faried aren’t perfect fits for this model of player, since Denver itself isn’t a traditional free-agency hot spot. But a guy whose contract looks even just a tad weighty might be more movable than it seems if any number of teams pivot in unexpected ways — Faried, Nikola Pekovic, Kevin Martin, Marcin Gortat, Channing Frye, Chris Bosh, Avery Bradley, Rudy Gay, and others fit the description to varying degrees.
Those guys aren’t necessarily on the block; Bosh is a star on a team that loves him, and Gortat is a valuable two-way center — even if he somehow can’t get on the floor in fourth quarters. Bradley’s deal is fine. Frye hasn’t fit as well as expected in Orlando, and his four-year, $32 million contract looks fat as a result. But he can be a weapon on the right team, and if I were the Magic, so far from the playoffs, I’d at least sniff out what Frye might draw.
On the other hand, non-destination teams that might gamble on these guys are loath to trade away first-round picks. And teams with good players under medium-term contracts don’t like giving them away for bad picks and fringe prospects — unless they really need to cut money. It may be that all of these market trends won’t coalesce into a workable trade, but they’re worth monitoring. The league is always evolving; the value of various assets is always changing.
Denver isn’t dealing Lawson unless it gets a bounty in return. Three teams stand out as potential suitors should they decide to go all in:
Boston. The C’s have a thousand draft picks, two big trade exceptions, and a bushel of interesting young guys. It’s unclear how interested they really are, and dealing for Lawson now would bring the risk of a semi-unwanted playoff appearance. Boston will not include Marcus Smart in any Lawson deal.
Houston. The Rockets are the contender with the most bullets left in the chamber. They’re sitting on a potential lottery pick from the Pelicans, and Smith’s improved play of late makes it a bit more palatable to put Terrence Jones in a trade. They also have convenient salary-matching pieces in Jason Terry and Kostas Papanikolaou, plus their own future first-round picks.
3
The Rockets are really good, but the West is a bloodbath and Dwight Howard’s knee troubles are worrisome. The Grizz, Mavs, and Thunder have already flipped future first-round picks for present-day upgrades, and the clock on Howard’s free agency is ticking.
Houston will have a hard time creating max-level cap space this summer, so landing a big fish now is enticing. The Rockets also trust their ability to retain players once they get them (and their Bird rights), so Houston is less fearful than a lot of teams about trading for an impending free agent like Dragic — a guy the Rockets are targeting,
per ESPN.com’s Marc Stein. If the price for Dragic is friendlier, Houston may prefer that route.
Daryl Morey is always active, and he has cards to play.
Sacramento. The Kings don’t have as many cards, since they owe their first-round pick to the Bulls if it falls outside the top 10. Their free fall down the standings since canning Mike Malone has Sacto on pace to keep the pick this June, meaning the Kings could trade the player they select after the draft. That would obviously delay any big trade until the offseason.
But the Denver connections run deep here now, with George Karl onboard and Pete D’Alessandro in his second season as GM. The Kings don’t have much to offer, especially since Nik Stauskas has looked borderline helpless when he has been able to crack the rotation. Still: Never underestimate the possibility of Sacramento springing something funky.
Teams With Potentially Big Decisions
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Oklahoma City
Ask team executives which teams beyond Denver will define the deadline, and two come up almost every time: Brooklyn and Oklahoma City, borderline playoff teams (for now) that nearly collaborated a month ago on a three-team whopper
centered on Brook Lopez.
The Nets are as active as ever, but they appear united against dealing just for the sake of dealing. If they’re going to move Lopez or Joe Johnson, they’ll want at least some token future assets and salary relief that could open up the possibility of Brooklyn becoming a free-agency player this summer and in 2016.
4 The Nets surely noticed Mitch McGary’s strong play before the All-Star break, and that Steven Adams is out a few weeks with a broken hand. Lopez isn’t the cleanest fit in Oklahoma City, but it’s workable, and the Thunder are under massive pressure to win now.
The Jackson situation means the Thunder could act as both buyers and sellers, unlocking three-team trades in which partners going in different directions all get something they like. Jackson is unhappy in a backup role, losing minutes to Dion Waiters, and set to hit free agency. The Thunder are just $2.2 million over the tax, and when you’re that close, you should at least try to get under — though the need is a bit less urgent given how tough it will be to reach the tax line, and trigger repeater penalties, once the cap spikes.
Still, an eight-figure deal for Jackson could take the Thunder over next year’s tax, and dealing him could be a way to recoup a first-round pick after ditching one for Waiters.
Jackson is a good player who has been valuable in the playoffs, and there is major risk in a would-be contender dealing such a player without getting a rotation cog in return. The Thunder also found a groove before the All-Star break, and McGary’s emergence decreases the need for Lopez. The offense ain’t pretty and the defense can get jumpy, but they’re tied with Phoenix in the loss column, and they’re still slaughtering people when Russell Westbrook, Kevin Durant, and Serge Ibaka share the floor.
(cont)