Oct 31, 2014 5:27 PM EDT
Klay Thompson and the Golden State Warriors have agreed upon a four-year, $70 millon maximum contract extension.
The deal contains no options.
The Sacramento Kings reportedly made a late push to trade for Thompson by offering anyone other than DeMarcus Cousins or Rudy Gay.
Oct 31, 2014 9:16 PM EDT
Ricky Rubio and the Minnesota Timberwolves have agreed upon a four-year, $55 million extension.
Rubio has been one of the NBA's most creative passers since coming over from Spain in the 11-12 season, but his perimeter shot has remained a work in progress.
Rubio was the fifth overall pick in the 2009 NBA Draft.
Oct 31, 2014 2:40 AM EDT
Russell Westbrook suffered a fracture in his right hand in the Oklahoma City Thunder's loss to the Los Angeles Clippers on Thursday night.
Scott Brooks said Westbrook had a "small" fracture.
Westbrook is expected to miss four to six weeks.
Oct 31, 2014 11:46 AM EDT
The Utah Jazz and Alec Burks have reached agreement on a four-year, $42 million contract extension.
Burks' deal could climb to $45 million with reachable incentive clauses.
Burks, 23, is the third young Jazz player, along with Gordon Hayward and Derrick Favors, to reach a four-year new contract with the franchise.
Burks has developed into one of the NBA's better young shooting guards.
Oct 31, 2014 5:40 PM EDT
Jimmy Butler rejected the Chicago Bulls' final contract extension offer on Friday and will become a restricted free agent in the summer of 2015.
“It came down to me deciding that I want to bet on myself,” Butler told Yahoo Sports in a text message on Friday. “It was about me believing that I put the work in this summer to become a better player with the hope that my improvement will give the Bulls a better chance to win a championship.”
The Bulls would have the option to match any offer sheet Butler were to sign on the open market, but it could threaten their payroll structure or allow him to become an unrestricted free agent in 2017.
“All the [rookie extension] deals done so far have shown that teams are building around their stars of the future, and they’re compensating those players as such,” agent Happy Walters told Yahoo Sports on Friday. “I was under the impression Jimmy was also viewed as one of those future building blocks with the Bulls.
“We tried like heck to get something done, but ultimately, the Bulls wanted a ‘hometown’ discount. While understandable, I doubt their GM or coaches give Mr. Reinsdorf a discount when negotiating their own deals.”
Oct 31, 2014 2:21 PM EDT
Kawhi Leonard and the San Antonio Spurs have broken off talks on a contract extension.
Agent Brian Elfus and Leonard have held firm on their desire for a maximum contract extension, something Spurs management won’t consider until July.
“We feel Kawhi is deserving of a max contract, and we are disappointed that something couldn’t get done,” Elfus told Yahoo Sports. “There’s no debating Kawhi’s value. The market has been set. He’s done everything the Spurs have asked of him, exceeded all of their expectations. Coach [Gregg] Popovich has gone out of his way to call Kawhi the future face of the franchise. We have great respect for the Spurs organization, but here, we simply agree to disagree.
“There will be no shortage of teams interested in Kawhi’s services next year. There will be a lot of contract scenarios available to us, and we will explore them all.”
San Antonio could sign Leonard to a five-year, $90 million-plus extension now or next summer, if the Spurs are willing to make him their designated player. But Leonard could also sign an offer sheet with a rival team that includes a player option in the third season that would allow him to potentially leave the Spurs in 2017.
Sources say the Spurs want to keep Leonard's contract off the books until they can explore free agent targets, especially since Tim Duncan and Manu Ginobili could retire.
Leonard would have a significantly smaller cap hold than what would be the first season of a max or near-max extension.
Oct 31, 2014 1:23 PM EDT
LeBron James empowered his agent Rich Paul to meet with several teams to Klutch’s offices in Cleveland for free-agent presentations without him present.
Those meetings were leaked to the public and the perception was that they were conducted to garner attention to their agency.
The Phoenix Suns, Houston Rockets and Dallas Mavericks met with Paul, in addition to the Cleveland Cavaliers.
“Just used as props to get attention and publicize their business,” one league executive told Yahoo Sports. “Maybe that’s smart to some people, but you have to deal with the same people again and again in this league. Those things can come back on you eventually.”
Oct 31, 2014 3:30 PM EDT
Brandon Knight and the Milwaukee Bucks have broken off extension talks.
Knight plans to enter restricted free agency in 2015.
Knight was acquired by the Bucks from the Detroit Pistons in 2013.
Oct 30, 2014 10:27 PM EDT
Adam Silver's recently declared that "roughly a third" of NBA teams are still losing money, but Michele Roberts isn't buying the commissioner's claims.
"The NBA's cries of poverty will not work this time," said Roberts, who was recently named executive director of the NBPA.
Both sides are preparing for a battle in 2017 over the collective bargaining agreement.
"I can say that I was more than surprised," Roberts told Yahoo Sports in an interview. "I am not suggesting that Adam is telling a lie. I am sure that the owners told him that. But it's difficult for me to believe that, especially after looking at the 2011 CBA negotiations and seeing all the money the players don't have now. There's $1.1 billion that the players would've been otherwise entitled.
"I find it very difficult to appreciate how any owners could suggest they're still losing money. It defies common sense. We know what the franchise values are. I don't have to say '$2 billion' again and again, do I?
"The gate receipts, the media deals. What else do you need to make money? We are not going to reengage in a process where this happens again. The NBA's cries of poverty will not fly this time."
Roberts is also skeptical of the NBA's idea of "smoothing" the salary cap.
Silver's idea, he said, is to "make a shortfall-payment directly to the union, and then they would then distribute that money, presumably proportionately to the players."
Roberts flatly said: "I am suspicious of any proposal where the model is based upon artificial decreases of the compensation that an individual player can negotiate.
"Historically, when salary has gone up for some, it has gone up for all. If you're not a free agent now, you may be one next year when the salary cap remains high. I have significant concerns over this."
Oct 30, 2014 7:41 PM EDT
Josh Smith had strong words for Kenneth Faried to Vincent Goodwill of the Detroit News on Thursday.
Smith was responding to a quote from Faried in which he said that Smith "shot them out of the game."
The Denver Nuggets defeated the Detroit Pistons by a final score of 89-79. Smith scored 25 points on 9-for-22 shooting.
"He's a clown, quote me on that," said Smith.
"He fears me. He's scared of me. He knows it's coming."
The Mavericks would be open to signing Ray Allen or Rashard Lewis later in the regular season should either player be interested in a deal.
Some teams believe Reggie Jackson could command a deal in the $13 million-$14 million-plus annual range.
Klay Thompson would become a restricted free agent in 2015 without a new deal.
The Wolves have offered Ricky Rubio a four-year, $52 million deal and could possibly go as high as $54 million.
The Hawks have decided to allow John Jenkins to become an unrestricted free agent next offseason, league sources told RealGM.
RealGM reported on Wednesday that the Warriors were strongly leaning toward declining the option on Nemanja Nedovic.
Jermaine O'Neal is not ruling out returning to the NBA for his 19th season after just turning 36.
An NBA spokesman told the Observer on Wednesday that the league’s investigation into Jeff Taylor is continuing.
Dan Gilbert believes getting Kyrie Irving signed to a max contract extension with the Cavaliers was critical in landing LeBron James in free agency and then trading for Kevin Love.
LeBron James held a public vote with 95 percent voting for the chalk toss.
Oct 30, 2014 | Marc Stein/ESPN
Anderson Varejao is the longest tenured member of the Cavaliers, joining the club in 2004.
Clippers' players and coaches believe the X-factor toward an NBA championship is DeAndre Jordan.
The Celtics have exercised its third-year option on Kelly Olynyk, and its fourth-year options on Jared Sullinger and Tyler Zeller.
Robert Covington and the 76ers progressed toward finalizing a multi-year contract this week, but a deal has deteriorated as the two sides failed to agree upon contract length, league sources told RealGM.
Pau Gasol had 21 points and 11 rebounds in the Bulls' opener against the Knicks.
Derrick Rose had 13 points and five assists in 21 minutes during the Bulls' convincing 104-80 win over the Knicks.
LeBron James and Dan Gilbert are ready to begin their first season back together again and are on good terms as the Cavaliers look to win their first NBA championship.
The Thunder have typically not kept players on rookie contracts that didn't sign extensions.
Malcolm Turner was previously with the Wasserman Media Group.
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Oct 29, 2014 | Chad Ford/ESPN
Kobe Bryant's contract expires after the 15-16 NBA season.
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