Basketball Trade Rumors and Notes for July 11th

1. Latest Golden State Warriors deal may signal Anthony Morrow’s departure

2. Derek Fisher has a quick trip to Miami

3. Felton’s two-year, $15.8M contract with Knicks finalized

4. Ilgauskas interested in Miami Heat; Haslem has options

5. Will Raptors use their trade chip?

6. Isiah Thomas could be poised for New York Knicks comeback after recruitment of LeBron James

7. Knicks will explore trading Wilson Chandler

8. Magic GM anticipates matching Bulls’ offer for Redick

1. Latest Golden State Warriors deal may signal Anthony Morrow’s departure

the Oakland Tribune is reporting One day after locking up their new starting power forward, the Warriors have come to terms with potentially their new starting small forward.

And it may mean goodbye to sharp-shooting guard Anthony Morrow.

According to multiple sources, the Warriors have reached an agreement with Miami Heat unrestricted free agent Dorell Wright. The deal is for three years and just shy of $11 million.

The Warriors had been in the market for a true small forward, meaning someone with adequate size and skill. They also wanted a veteran still in his prime but able to fit under the $5.765 million midlevel exception, which is all the Warriors have to offer free agents.

But after adding an offensive-minded player in power forward David Lee — whom the Warriors acquired from New York on Friday — it was especially important that Golden State get a defensively capable small forward.

Wright, who came to the pros from South Kent Prep High in Connecticut, was at the top of the Warriors’ list of options. He is 6-foot-9, 210 pounds and played the past six seasons with Miami, which selected him 19th overall in the 2004 NBA draft. Wright’s best season was in 2007-08 when he averaged 7.9 points and 5.0 rebounds in 25.1 minutes.

A knee injury limited Wright, 24, to six games in 2008-09. But he returned last season, averaging 7.1 points and 20.8 minutes in 72 games, then averaged 22.4 minutes in five playoff games."

To read more..

http://www.insidebayarea.com/warriors/ci_15487864

2. Derek Fisher has a quick trip to Miami

The Los Angeles Times is reporting "The first foray of Derek Fisher’s free-agent tour ended almost as quickly as it began, with a rapid run through the NBA’s newest epicenter.

Fisher met with Miami Heat owner Micky Arison and team President Pat Riley on Saturday at a swank South Beach hotel, where he was assured of the Heat’s interest in a five-time champion who’s a month away from turning 36. Fisher also had a brief chat with LeBron James after they crossed paths at a private airport.

"They want him to be the starting point guard for the Miami Heat," said an NBA source who was not authorized to speak on the matter publicly. "They are really, really recruiting him. They feel he would be a perfect fit."

It was not known if Miami offered a contract to Fisher, who flew back to Los Angeles on a private plane Saturday, less than 24 hours after landing in Miami.

Fisher’s preference is to remain with the Lakers, although Miami, Chicago, Minnesota and New Jersey have expressed interest in him.

"It’s all about options for him and for him to figure out what’s best," the source said.

The Lakers have offered Fisher about $5 million over two years. He made $5 million last season and was hoping to secure a multi-year deal worth that much annually.

It’s hard to decipher what Miami could offer Fisher, because so many players have been added to the Heat’s roster in such a short time."

To read more..

http://www.latimes.com/sports/la-sp-lakers-derek-fisher-20100711,0,4347277.story

3. Felton’s two-year, $15.8M contract with Knicks finalized

The New York Post is reporting "Point guard Raymond Felton’s contract figures, finalized today, is two years, $15.8M, according to a source.

There may be a third-year team option but that has yet to be negotiated upon. The Knicks chose Felton partly because he was willing to sign for two years and give the Knicks 2012 flexibility. Donnie Walsh confirmed the agreement is in place."

to read more..

http://www.nypost.com/p/sports/knicks/felton_two_year_contract_with_knicks_J7oF0yuvxVnbbjoyq15XBP?CMP=OTC-rss&FEEDNAME=

4. Ilgauskas interested in Miami Heat; Haslem has options

The Miami Herald is reporting "Moments after Fisher emerged from Saturday’s meeting with the Heat, there were indications that free agent veterans such as Juwan Howard were looking to latch on for the $1.3 million veteran’s minimum. But the Heat lost a free agent Saturday when Dorell Wright agreed to a three-year, $11 million contract with Golden State, according to yahoo.com.

However, Cavaliers free agent center Zydrunas Ilgauskas told The Miami Herald on Saturday that he is “looking into the option” of rejoining James, his close friend, in Miami. Ilgauskas said he has been in contact with the Heat, making him one of a handful of veteran centers Miami has pursued in recent days.

Miami still remains in play to sign free agent swingman Mike Miller and also bring back power forward Udonis Haslem. Riley said he believes those deals could be completed Monday or Tuesday.

“We’re still working,” Riley said.

Haslem has received offers from at least three teams, including a three-year, $20 million deal from New Jersey. But he would prefer to return to the Heat, where he has spent all seven of his NBA seasons and was a starter on Miami’s 2006 title team."

To read more..

http://www.miamiherald.com/2010/07/11/1725104/ilgauskas-interested-in-miami.html

5. Will Raptors use their trade chip?

The Toronto Sun is reporting "The Raptors now own a pretty decent chip as they look to quickly retool their way back to relevance.

The approximately $14.5-million US trade exception acquired from Miami in the Chris Bosh sign and trade Friday will give president/general manager Bryan Colangelo – who has eschewed a total rebuild – many options. Moreso, if Maple Leaf Sports and Entertainment, Ltd. agrees to pay the luxury tax for the first time in franchise history.

The team now has a full year to use all or part of the exception. It cannot be packaged in a trade with a current Raptor, but can be traded for a single player, or a combination of players.

The Raptors have about $62.5 million committed in salary for the 2010-11 season, give or take a million (the future of Joey Dorsey is uncertain). The luxury tax has been set at $70.307 million.

Which means they have two choices: Use roughly half of their Bosh trade exception, staying below the luxury tax and save the rest for next summer or exceed the tax for once by spending most or all of the trade exception.

Many teams are looking to cut salary and there is considerable talent on the market.

It is believed Philadelphia would move Andre Iguodala if it can shed Elton Brand’s horrific contract as well. There has been chatter that New Orleans would dump young point guard Darren Collison if a team absorbs Emeka Okafor’s contract."

to read more.

http://www.torontosun.com/sports/basketball/2010/07/10/14674236.html
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6. Isiah Thomas could be poised for New York Knicks comeback after recruitment of LeBron James

The Ny Daily is reporting "Isiah Thomas was snapping his fingers and bopping his head as James Dolan, his friend and former boss, sang the blues.

Thomas joined a small group of Garden executives and employees who traveled across the Hudson last month to hear Dolan’s band, JD and the Straight Shot, serve as one of the warmup acts to the Eagles at the New Meadowlands Stadium.

Whether Thomas is a fan of Dolan’s music is unclear. But there is no denying that the two continue to share a close relationship and that Thomas’ surprise involvement in the Knicks recruitment of LeBron James could pave for the way for him to return to the organization in some capacity, perhaps even as Donnie Walsh’s replacement.

Friday, Walsh denied a published report that he would resign within a week for health reasons and in the wake of failing to sign James. Walsh has had two major surgeries in less than two years, including a procedure to remove a small piece of his tongue after a diagnosis of cancer.

Last month, Walsh had neck surgery. and after spending 10 days in the hospital, he temporarily needs the use of a wheelchair. The condition prevented Walsh from flying to Los Angeles to meet with the Hawks’ Joe Johnson, but he did attend last week’s meeting with James in Cleveland and has worked every day since the NBA draft."

To read more..

http://www.nydailynews.com/sports/basketball/knicks/2010/07/10/2010-07-10_isiah_thomas_new_york_knicks_comeback_recruitment_lebron_james.html

7. Knicks will explore trading Wilson Chandler

The Ny post is reporting "According to a person familiar with the Knicks’ thinking, the club will explore trading Wilson Chandler, possibly packaging him with the expiring contract of Eddy Curry. The Knicks would love to trade for a premier outside-shooting big man.

Chandler, who has had ankle surgery two straight offseasons, has a contract the Knicks likely will move to be enough under the 2011 salary cap for a maximum contract. The addition of versatile forward Anthony Randolph and swingman Kelenna Azubuike makes Chandler more expendable for a roster lacking size. The Knicks don’t believe Chandler can handle shooting-guard duties."

To read more..

http://www.nypost.com/p/sports/knicks/knicks_spy_russian_ptUJeyNeF9Q19RPLQbroKJ

8. Magic GM anticipates matching Bulls’ offer for Redick

The Chicago Tribune is reporting "Here’s a likelihood, if not guarantee, of offer sheets: The Magic will take all seven days to decide whether to match the Bulls’ front-loaded, three-year, $20 million contract for restricted free agent J.J. Redick.

That’s fine — and expected — by the Bulls, who still possess roughly $6 million of salary-cap space to add a big man and defensive depth while the Magic determine if Redick is worth a $14 million hit.

As a team over the luxury tax, the Magic would be assessed a dollar-for-dollar penalty to match the Redick offer, which is worth $7 million in the first season.

"I anticipate us matching it, but I’m not sure," Magic general manager Otis Smith told the Orlando Sentinel. "It’s too early. We’ll talk about it."

With Friday’s additions of Carlos Boozer and Kyle Korver, the Bulls are up to seven players under contract. The Bulls are closing in on signing 2008 draft-day acquisition Omer Asik for roughly $1 million. The 7-foot center will play for Turkey in this summer’s World Championships."

to read more..

http://www.chicagotribune.com/sports/basketball/bulls/ct-spt-0711-bulls-chicago–20100710,0,6428094.story

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