Billups’ ex-teammate Richard Hamilton, meanwhile, has been waived by the Chicago Bulls. Mike McGraw of Daily Herald has details: “Some things seem like a good idea at the time, but just don’t work out. Add Richard Hamilton joining the Bulls to that list. He seemed like a perfect fit, taking a buyout in Detroit and jumping to Chicago to fill the Bulls’ void at shooting guard in time for the 2011-12 season. Hamilton brought plenty of playoff experience from his Pistons years and the Bulls were anxious to replace Keith Bogans, the convenient scapegoat of the 2011 playoffs. Hamilton’s uneventful Bulls’ career ended Wednesday when he was released. The move has been widely expected for a year or more. The 6-foot-7 shooting guard essentially signed a two-year deal with the Bulls for $5 million each season. But because of competition for Hamilton’s services, the Bulls were compelled to add a third season to seal the deal. The third year was not fully guaranteed and the Bulls still owe him $1 million.”
Greivis Vasquez has officially been added to the Sacramento Kings’ roster, from Jason Jones of The Sacramento Bee: “The remaking of the Kings’ backcourt took another step Wednesday with the official announcement of the acquisition of point guard Greivis Vasquez from New Orleans as part of a three-team trade that included Portland. The deal, agreed to last week, couldn’t be official until the end of the NBA’s moratorium on trades and free-agent signings. “No matter who he plays with, he’s going to make those guys better, and that’s the sign of a great player,” Kings coach Michael Malone said. “He’s going to make all his teammates better and put them in position to succeed and have success. Greivis will do that for us.” The Kings sent Tyreke Evans, the 2009-10 Rookie of the Year, to the Pelicans in a sign-and-trade deal that gives Evans a four-year, $44 million contract. The Kings also received two second-round draft picks from the Trail Blazers, who also sent the draft rights to center Jeff Withey to New Orleans. The Trail Blazers received center Robin Lopez and guard Terrel Harris from New Orleans.”
Metta World Peace has been amnestied by the Los Angeles Lakers, from Mike Bresnahan of Los Angeles Times: “The Lakers waived Metta World Peace via the NBA’s so-called amnesty provision Thursday, a cost-cutting move that could save them about $15 million in luxury taxes. When Dwight Howard bolted for Houston last week as a free agent, it ensured a roster spot for Pau Gasol but immediately put World Peace, 33, in jeopardy. With World Peace gone, the Lakers have nine players under contract for about $75 million. After paying almost $30 million in luxury taxes last season, the most in the NBA, they are now about $3 million over the tax threshold for next season… Teams that are under the salary cap will be able to submit an undisclosed bid to the NBA to acquire World Peace. If the highest bidder offers $3 million, he goes to that team next season and the Lakers use that money to offset the $7.7 million they still owe him.”
Despite saying he wouldn’t take a pay cut, Kobe Bryant is confident that a deal will be done to keep him a Laker for life, from Ramona Shelburne of ESPN: “Kobe Bryant told ESPNLosAngeles.com on Wednesday that he fully intends to retire as a Laker someday and doesn’t believe there will be any problem securing an extension for as long as he can play at an elite level. There have yet to be any discussions between Bryant’s camp and the Lakers about an extension, he said, so neither side has any idea yet what type of salary he will command. Bryant is currently the highest-paid player in the league at $30.5 million this season. “As a businessman the goal is always to not take a pay cut,” Bryant said. “But …” The Lakers had intended to approach Bryant about an extension this summer, league sources said, but those plans were tabled until Bryant got further into his rehabilitation from Achilles tendon surgery in April. Bryant said he didn’t intend to approach the Lakers about an extension until “the dust settled” on their other business this summer.
Andrew Bynum’s agent says the center’s knees are healthy enough for him to try to become an All-Star again, from Jason Lloyd of Akron Beacon Journal: “Andrew Bynum expects to be an All-Star this season and his agent doesn’t expect his knees to be a further hindrance, David Lee told the Akron Beacon Journal on Thursday. “His expectation is to be nothing less than an All-Star next year,” Lee said. “Now I don’t know if anybody wants to say that out loud because there’s always a hesitancy to put pressure on himself. But in his mind, absolutely. He doesn’t see any reason why not.”… “I don’t think (the knees) are going to be a prohibitive issue,” Lee said. “I think last year was an aberration for a whole host of reasons.” Plenty of folks around the league disagree, including some within the Cavaliers organization. When asked Wednesday which knee was worse, a Cavaliers executive said, “They’re both not good.”
Chris Paul admit that the acquisition of Doc Rivers sealed the deal for him to return as a Los Angeles Clipper, from Sam Amick of USA Today: “”You know, I was already pretty much leaning to come back here anyway, but (getting) Doc definitely secured that decision,” Paul told USA TODAY Sports by phone. “I’ll say this about Doc — having Doc as the coach doesn’t automatically translate to wins, but what I think it does is it gives you an opportunity to win, and so I’m just excited about his basketball knowledge and how passionate he is about the game. “I think we brought in a little bit more shooting. We’ve got a lot of grinders. We have guys who have been in this league just grinding it out, hard-nosed, guys that also are hungry and excited to be here.”
J.J. Redick was sold on the Clippers when Rivers told him he’d run for Redick what he ran for Ray Allen in Boston, from Amick: “”Because I knew it was a complicated situation to trade (Eric) Bledsoe and do the sign-and-trade, I felt like I had to sell myself a little bit,” Redick told USA TODAY Sports. “One of the things I said to (Rivers) was, ‘I want to get back to being on a team that wins and wins big.’ “He sold me when he said that he was going to run some (offensive) stuff for me that they used to run for Ray Allen. I mean I remember for five years chasing Ray around in Boston, and I think that’s what we’re both about — the winning aspect, the competitiveness complements each other and the offensive system that he will have along with (associate head) coach (Alvin) Gentry, is going to be great for me and for Jared (Dudley). It’s going to be nice.”
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Contract for Kirilenko is 3.18 M in first year and around 3.3 M in option 2nd year. The reason there isn’t a 3rd year, is that Nets will be exploring the possibility of avoiding the Repeater Tax for 2015-2016, if they can get under the Luxury Tax.
Besides, AK would be eligible to be extended using the Early Bird option.
Its very possible that Nets could have brought over Courtney Lee instead of Jason Terry, in The Trade, but didn’t want any salary in 2015-2016. IMO Nets will be over the Luxury Tax anyone, if they still want to compete for Championship in 2015-2016.