HoopsHype Tyrus Thomas rumors

August 17, 2010 Updates

Tyrus Thomas has listed for sale a three-bedroom, 3.5-bath townhome at 32 Wellesley Circle in Northbrook for $499,900. Thomas bought the property in the Ivy Club of Northbrook subdivision for $598,000 in Jan. 2007 from fellow NBA player Jannero Pargo. The 2,426- square-foot townhome is part the Ivy Club of Northbrook development, which was built in 1998 in North Northbrook. Barry Newman of Century 21 M.B. Real Estate is the agent for the listing. BlockShopper.com

July 12, 2010 Updates

Tyrus Thomas made it official Monday, signing his five-year, $40 million contract. Nice quote from Thomas, explaining why he so quickly developed chemistry with coach Larry Brown: "He lets me be me and he is him, and there are no smoke screens between us.'' Charlotte Observer

July 9, 2010 Updates

The Charlotte Bobcats have reached agreement with free-agent forward Tyrus Thomas on a five-year, $40 million contract, a league source told Y! Sports. Thomas’ agent Brian Elfus had serious talks with the New Jersey Nets, but his client ultimately decided to return to the Bobcats with the $8 million -a-year offer. New Jersey feared Charlotte would’ve tied up the Nets in free agency for the seven-day period in which the Bobcats could match the offer sheet. Yahoo! Sports

And just like that, Tyrus Thomas gets a five-year, $40 million contract from the Bobcats, with a 17.5 percent bonus up front. That means his first-year salary is $12 million, a chatty agent tells us. Nice work if you can get it. So the Nets are back to playing the field to find a power forward, mindful that their pursuit of Thomas was dubious at best – he is simply not close to being worth $40 million. Newark Star-Ledger

They backed out this morning – presumably – because it took this long to convince Avery Johnson that it would be a foolhardy investment: Face it, this kid had problems with Scott Skiles, he would have had some problems with A.J. The only reason a kinder, gentler, more nurturing Larry Brown got three good months out of him was by saying, “You’re three months away from the end of your NBA career – Chicago wasn’t going to pick up your option, they traded you here for a backup two-guard, and we’re not going to pick up your option either unless you shape up and grow up.” Newark Star-Ledger

Prepare for the possibility the New Jersey Nets sign power forward Tyrus Thomas to a front-loaded offer sheet that could make the Charlotte Bobcats blink. The Nets lost out on the big-name free agents and still have a ton of cap room. They were quite generous in their offer to small forward Travis Outlaw (five years and $35 million) and feel they need a ready-to-play power forward, so as not to depend right away on rookie Derrick Favors. The Nets have expressed interest in Thomas, the Bobcats' restricted free agent. With the Bobcats determined to avoid the luxury tax, it's conceivable they wouldn't match a front-loaded offer sheet, which would be most expensive the first season, then decrease in value each remaining year of the deal. Charlotte Observer

July 8, 2010 Updates

Unless something is eluding us, there is no option right now other than Tyrus Thomas, which is not much of an option. The Nets have no chance at Luis Scola. Somebody already called Daryl Moray and he told them as much: Pitch him a front-loaded offer sheet at your own peril, he said. We’ll tie you up for a week, and you’ll end up with nothing. They have virtually no chance at Udonis Haslem. “A potential shot,” someone in the organization says, but someone is going to overspend like crazy for him ($9M per? $10M per?) because he’s the only unrestricted left. Newark Star-Ledger

The Bobcats are in serious talks to offer either Luis Scola or Tyrus Thomas a contract. Both are restricted free agents and Berger says that Houston owner Leslie Alexander is determined to match any offer on Scola. CBSSports.com

Next up will be the pursuit of power forwards with Tyrus Thomas, Luis Scola and Udonis Haslem heading the list. The Nets also will go after shooters like Kyle Korver and Mike Miller. I still hear they won’t overpay, although my first thought was $35 million for Outlaw is steep. (He will get $7 million a year flat). He has averaged 9.5 points in 400 career games. But the Nets have always liked him. His name came up in some prior trade discussions. The Nets have money to spend and they have to spend some of it to make sure they have a roster in place before Rod Thorn exits next week. So this could the first of several moves by the Nets today. Bergen Record

July 7, 2010 Updates

After losing out on Carlos Boozer to the Chicago Bulls, the New Jersey Nets have targeted three players in discussions: Tyrus Thomas, Travis Outlaw and Kyle Korver, league sources told Yahoo! Sports. The Nets have $30 million in cap space, but aren’t under great pressure to use it all. They’re holding out a faint hope for LeBron James, but with no running mate in New Jersey, James is destined to sign with Cleveland, Miami or New York. Yahoo! Sports

July 6, 2010 Updates
July 1, 2010 Updates

The Minnesota Timberwolves and New York Knicks are keeping an eye on restricted free agent Tyrus Thomas. Both teams have expressed interest in the forward and are expected to make a hard push for him if they can't land any of their top targets. HoopsWorld

I just got off the phone with Bobcats general manager Rod Higgins. He said he hasn't spoken to Felton's or Tyrus Thomas' agents today and he said it's premature to speculate on Felton's future. But I think it's pretty clear Thomas is dramatically more likely to be a Bobcat next season than Felton. And it's not outlandish to think they might have to ride out D.J. Augustin as the starting point guard, unless they can find some trade for a veteran playmaker. Charlotte Observer

Any rumor missing? E-mail us at   hoopshype@hoopshype.com.