The Cleveland Cavaliers, Orlando Magic and Portland Trail Blazers have agreed to a three-team trade involving Channing Frye and Anderson Varejao, according to reports from USA Today’s Sam Amick and Yahoo Sports’ Marc Spears.
The deal has Frye heading to Cleveland, Varejao and a conditional first-round pick are heading to Portland, and Jared Cunningham and a second-round pick heading to Orlando. Cunningham is expected to be waived, according to Spears.
The Cavaliers had been looking for a stretch-four (as they were also showing interest in New Orleans Pelicans forward Ryan Anderson), so Frye gives them the shooting big they coveted.
The Blazers get a first-round pick for facilitating this trade and they also get a veteran contributor in Varejao as they fight for a playoff spot in the Western Conference. However, it remains to be seen if they'll keep Varejao - as Adrian Wojnarowski of The Vertical reports that he may be waived.
The Magic add the second-round pick from Portland and get Frye’s contract off of the books, which means they could have as much as $45 million in cap space available this summer.
At this time of year, many playoff-bound teams look to add a veteran who can be a reliable contributor on the court as well as — if not more importantly — a sound voice of experience to his teammates.
Carl Landry stands out for those reasons. Landry is in his ninth NBA season and has gained praise from former teammates each step of the way. He has accepted his role off the Sixers bench, and even though his playing time is inconsistent, comes ready to play each night. Landry stays late after practice working on fundamental drills (think something as mundane as free throws) on his own. He also puts in extra time helping younger teammates, such as working with rookie Richaun Holmes. Landry is the highest-paid player on the Sixers roster. He has another year left on his contract worth $6.5 million, which isn’t a bank-breaking salary for a team to take on to gain veteran leadership.
via Jessica Camerato of CSN Philly
The Detroit Pistons and Houston Rockets have agreed to a trade that sends Donatas Motiejunas and Marcus Thornton to Detroit and Joel Anthony and a protected 2016 first-round pick to Houston, according to Adrian Wojnarowski of The Vertical.
The Rockets' interest in Motiejunas was first reported by ESPN's Marc Stein.
One of the hottest names on this year’s trade rumor circuit is New Orleans Pelicans forward Ryan Anderson. The veteran will be an unrestricted free agent this summer and will likely demand a huge payday with the salary cap expected to rise close to $90 million.
As we approach today’s deadline, Anderson has been linked to almost half of the teams in the league in one way, shape or form. But the veteran is taking all of the hoopla in stride.
“I’m not going to read into it,” Anderson said, according to Jim Eichenhofer of NBA.com. “It’s part of the game. I’m not a newbie. They are rumors – I don’t [know] what’s legit or not.
“Up until this point, it’s still rumors. I’m not really trying to look into a bunch of information. I’m trying to be professional and do my job here. If I get a call [that a trade has happened], I get a call.”
Anderson is averaging 16.7 points and 5.9 rebounds on 38 percent shooting from three-point range in 51 appearances this season.
This won't exaclty rev up the deadline, but the Heat have traded Jarnell Stokes. Details coming, likely just a small salary dump.
via Zach Lowe of ESPN
Per Shams Charania of Yahoo Sports, Stokes will be traded to the New Orleans Pelicans.
The HEAT included more than $700,000 in cash going to New Orleans in the Stokes trade and will received a protected second round pick.
The Atlanta Hawks have been working the phones for the last few weeks to see what they can do to improve their team now and in the future. With the trade deadline a few hours away there is a growing sense the Hawks may do nothing at all.
The Vertical’s Adrian Wojnarowski is reporting that rival teams have been told the Hawks plan to keep their team intact at the deadline.
-- Via The Vertical’s Adrian Wojnarowski
The New York Knicks are receiving interest in one of their few assets, the rights to Willy Hernangomez, a source told Sportando. Several teams are calling to check availability on Hernangomez rights; the Knicks are very high on the Spanish kid but their lack of assets may force them to move him in a trade, the source added.
Knicks would love to move Jose Calderon but his contract is not getting interest unless New York sweetens the deal with something more and the rights to Hernagomez may be useful in this situation. Hernangomez has another year of contract with Real Madrid but the Spanish team knows that they may lose the kid during the off-season.
According to Marc Stein of ESPN, the Milwaukee Bucks are interested in Phoenix Suns forward Mirza Teletovic. Stein's report indicates that the Bucks would like to utilize one of their two trade exceptions to make the deal work. However, to make this move work under the salary cap guidelines, Milwaukee would have to send an asset back in return.
via Marc Stein of ESPN
The Oklahoma City Thunder made an aggressive trade last year at the deadline and it's expected they will again trigger something today.
As things stand today, the Thunder are $12.417 million over the luxury tax line and facing a tax bill of more than $22.29 million.
It’s believed that the Thunder have made both Steve Novak ($3.75 million) and guard D.J. Augustin ($3 million) available in trade and are looking for very little in return for either player. Shedding both players would reduce the Thunder’s tax bill by $13.62 million. It’s also believed the Thunder may be willing to include big man Mitch McGary or Josh Huestis in the deal in place of draft picks, which would further reduce their tax burden.
The Thunder have been fairly clever in creating multi-team deals, so it's not out of the question they are involved in something at the deadline if only to reduce their tax bill.
via Steve Kyler of Basketball Insiders