Bobby Marks: Salary protection for J.R. Smith increases from $4.37M to $5.12M if the guard is not waived (or traded) by today (7/15). If Smith is not waived, Cleveland will have until 7/31 to either waive or trade his contract before it becomes fully guaranteed ($15.7M).
More Rumors in this Storyline
For months, the Cavs felt their top trade piece this summer was Smith’s contract because it’s one of the few left in the NBA that can be traded for its total value ($15.7 million) but only count as a fraction of that against the salary cap. Smith agreed to move the date for which his contract becomes fully guaranteed from June 30 to Aug. 1, in exchange for the guaranteed portion of his deal to increase from $3.9 million to $4.4 million, league sources told The Athletic.
Whoever trades for him would surely cut him, and a source close to him said there a few interested suitors. At this time, one of those suitors is not the Lakers. Smith is represented by agent Rich Paul, who also represents Smith’s former Cavs teammate, LeBron James, as well as Anthony Davis on the Lakers.
Brian Windhorst: Cavs and JR Smith have agreed to push back his contract guarantee date to July 15 with an option to push it again to Aug. 1, sources told ESPN. His guaranteed has been increased from $3.9M to $4.4 as part of deal. @Joe Vardon first reported agreement.
Showtime Forun: “Right now, Cleveland is trying to trade JR Smith and whichever teams that trades for him will waive him. When he’s waived, it is my belief he’ll end up with the Lakers.” @Chris Haynes | @YahooSportsNBA
The Cleveland Cavaliers entered Thursday night hoping to trade JR Smith, but turned down a few offers that would have returned a first-round pick, league sources tell cleveland.com. While the odds of a deal have reduced, there’s still time. The Cavs have until June 30, to be exact. And they remain the leader in the clubhouse to help a team create cap space heading into what is expected to be a frenzied summer.
After June 30, Smith’s contract becomes fully guaranteed at $15.6 million. As of now, the Cavs are still trying to make a deal, according to sources familiar with those conversations, but it’s complicated and it has to be the right move, as general manager Koby Altman laid out when recapping the NBA Draft late Thursday night.
Rick Noland: Altman didn’t say it directly, but hinted there’s a pretty decent chance Cavs will just release JR, pay him the $3.7 to $3.9 million he is guaranteed and avoid paying luxury tax by taking on another player
Smith has a partially guaranteed contract that is appealing to teams looking to shed salary. The Cavs continue to field calls from those interested, including the Miami Heat, sources said. During the season, Cavs executive Brock Aller compiled a lengthy list of teams that could be a fit for Smith’s contract and there are upwards of 15. The acquiring team would then cut Smith before the end of this month, putting them on the hook for just $3.8 million of the $15.6 million he is owed. Smith’s contract represented a team’s final shot to create cap room heading into July free agency.
A team that has expressed an interest in a salary-designed trade of J.R. Smith: the Miami Heat, sources said. The Heat also have contracts they could look to move in the offseason in a deal such as this, and would have to absorb Smith’s deal.
As the NBA’s February trade deadline came and went, the Cleveland Cavaliers received calls about moving disgruntled shooting guard JR Smith, who had been away from the team since November. But members of Cleveland’s front office believed it made more sense to wait until the summer, thinking better offers would come — the pressure of July 1 playing a significant role.
“We have a trade chip in JR Smith, and his contract, where we can take on some money that other teams are trying to get some cap relief from,” general manager Koby Altman said recently. “We are actually the only team in the NBA that can provide guaranteed cap relief until July 1. We can guarantee that right now and we actually had a phone call yesterday on that trade chip, so, we’re going to keep on being aggressive adding those assets because we do eventually want to consolidate and be really good at some point.”
If Smith gets waived by June 30, a team could either leave the $3.8 million on its cap for the 2019-20 season or stretch it, spreading the guaranteed money across three years at a rate of $1.29 million. Financial flexibility can’t be easily attained prior to July 1. The Cavs provide that path. In most cases, the Cavs are seeking a first-round pick. If the selection is a late first, similar to the one they received from Houston, they would ask for a young player on a rookie deal or a second draft pick in the future. It’s all about adding assets (picks and players) for this lengthy rebuild.
Now, you might counter that the Cavs could buy out JR Smith and get him to leave some money on the table to create some room to operate. But that’s not going to happen because the Cavs have every intention of trying to trade him in June. If they need another body over the last 22 games, there’s always the two-way guys.
Smith, who was sent away on Nov. 19, a move that the front office felt was best for the organization moving forward, will remain on the Cavaliers roster and the team will likely re-engage in trade conversations this offseason.
Even after agreeing to their fourth trade this season, the Cleveland Cavaliers stayed busy on deadline eve, looking to find a new home for exiled swingman JR Smith, and the front office will continue with that goal up until 3 p.m. Thursday afternoon, league sources told cleveland.com. Smith, who hasn’t played organized basketball since Nov. 19, 2018 and was recently spotted at Madison Square Garden as a fan, doesn’t have nearly as much value as some of the other pieces the Cavs have moved recently. Finding a trade partner is “easier said than done,” according to one source.
Smith, who hasn’t played organized basketball since Nov. 19, 2018 and was recently spotted at Madison Square Garden as a fan, doesn’t have nearly as much value as some of the other pieces the Cavs have moved recently. Finding a trade partner is “easier said than done,” according to one source.
The Cavaliers are continuing to add draft assets, and are still pursuing trades for guard Alec Burks and JR Smith prior to Thursday’s trade deadline. With in-season trades for Hood, Kyle Korver, George Hill and Sam Dekker, Cleveland has acquired seven draft picks – including a first-rounder and six second-round choices.
Teams are monitoring whether Cavaliers guard J.R. Smith will become available in the buyout market after the NBA’s trade deadline — if he isn’t traded. The Rockets expressed interest in Smith dating back to the summer.
As reported earlier this month, Houston has expressed exploratory interest in Cleveland’s J.R. Smith, who has been sent home by the Cavaliers as they try to find a new home for him via trade. But the Lakers’ Kentavious Caldwell-Pope is said to be the Rockets’ top target in their search for help on the wing, with Smith somewhere further down the list.
Marc Stein: The Rockets have expressed exploratory interest in acquiring JR Smith, according to league sources. Smith is currently on hiatus from the Cavaliers as Cleveland seeks a new home for the veteran shooting guard via trade
Kevin O’Connor: Expect the Cavaliers to try to move on next from JR Smith. I heard this week they received some interest for Smith from the Rockets and Pelicans—both teams need depth at the wing position. Smith’s 2019-20 salary is guaranteed for only $3.9M, so it has some value as a trade chip.
Another situation Houston is monitoring is the one playing out in Cleveland, sources said. The Cavaliers are aggressive in the market, looking to move some of their veterans. They have made it clear that they are moving in a younger direction, recently parting ways with J.R. Smith as they seek a trade for him. George Hill is another guard whose salary they would like to shed, but his $19 million price tag may make it difficult to find a taker.
The team will attempt to trade him and he will work out on his own — away from practice — until a trade occurs. He will no longer play or attend the Cavs’ games, which means he won’t be there for LeBron James’ return with the Lakers on Wednesday. A source close to Smith said the split was “amicable,” and the Cavs are simply “going in a different direction” from where Smith wanted to go. In a statement confirming Smith’s status, the Cavs said the organization “wishes J.R. and his family well and appreciates and thanks him for his contributions in the community, to the team and his role in the 2016 NBA championship.”
Smith will continue to be paid his $14.7 million salary to stay away. A source close to him said he was working with the Cavs for a trade but not a buyout of his contract. He’s under contract for $15.6 million next season but only $3.8 million guaranteed — which makes him a valuable asset for a team looking to clear salary next summer.
Albert Nahmad: JR Smith’s contract pays out $14.7M in 2018-19, and has a $15.7M salary for 2019-20 that’s only partially guaranteed for $3.9M if he’s waived by 6/30 – which could be useful for the Cavs as a salary-match filler in trade and/or for a team looking to clear salary for next summer.
Albert Nahmad: JR Smith’s contract would count $14.7M in a trade executed before trade deadline (2/7). Because it was signed under prior CBA, it’d also count $14.7M if executed after season and before 6/30 (otherwise, would’ve counted $3.9M outgoing and $14.7M incoming). Makes it more valuable.
Albert Nahmad: Because the benefits associated with JR Smith’s contract extend all the way through June 30, it wouldn’t necessarily be surprising if he stays on the Cavs roster for an extended period if they can’t find an optimal trade (unless they need the roster spot, Smith gets upset, etc.).
The Cleveland Cavaliers announced today that JR Smith will no longer be with team as the organization works with JR and his representation regarding his future. The organization wishes JR and his family well and appreciates and thanks him for his contributions in the community, to the team and his role in the 2016 NBA Championship.
Then there is JR Smith. He is finding it harder and harder to hide his contempt toward the organization these days. Smith has asked to be traded twice, but he’s still here in part because he refuses to accept a buyout. He made it clear in a conversation with The Athletic on Monday that he has no relationship with general manager Koby Altman and he has no interest in playing for a team that has no interest in winning.
“I don’t think the goal is to win. The goal isn’t to go out there and try to get as many wins as you can,” Smith said. “I think the goal is to develop and lose to get lottery picks. I think that was always the plan.” And as long as the Cavs are operating this way, Smith is not interested in being part of it. “Not if the goal isn’t to compete, to win,” he said.
Rick Bonnell: Cavs interim coach Larry Drew playing J.R. Smith. Smith was outside the rotation in the Cavs’ youth movement, answered in the affirmative recently when asked if he’d welcome a trade.
Also, sources close to Smith have said he will not ask for or accept a buyout. So this is how it’s going to be for Smith and the Cavs this season — they’ll stay married with their eyes elsewhere, in the meantime trying to get along.
Gilbert said he would let Altman handle it, just as Gilbert wants Altman to be the one to work out the contract negotiations with acting coach Larry Drew. “First of all, we appreciate JR and everything he has done for the franchise,” Gilbert said of Smith. “You all remember Game 7 in the second half when we were down I think nine in the second half and it was his eight, nine, 10 points or something like that that really got us back into Game 7 and then we won the championship. Will be forever grateful. That’s what I think of when I think of JR.”
On Tuesday, ESPN reported Smith considered taking a leave because he was informed he’d no longer be playing in the wake of Lue’s firing Sunday. Both Smith and several members of the Cavs’ organization denied that report, insisting instead that it was Altman who made the offer to leave to Smith. “To come from where I came from, from pretty much nothing to Cleveland and the way the city embraced me, the fans embraced me, the relationship I have with them, I can’t do that to them,” Smith said.
But a few days ago, after seeing some questionable body language from Smith, Altman sat down with the mercurial shooting guard and asked him if he wanted to stay with the team or take a leave of absence. Smith opted to stay. “It’s a tough situation as a veteran and I totally understand that,” Drew said. “I’m very glad he decided to stick around. I had no knowledge about what his options were, but yes, I’m very happy that he did make that decision to stay with the team.”
Rick Noland: Drew says JR will be active. “It’s a tough situation as a veteran. I totally understand that. … The most important thing is to stay professional. JR is trying to do that”
Marla Ridenour: NBA commissioner Adam Silver said he spoke to #Cavs GM Koby Altman about J.R. Smith answering question if he wanted to be traded with, “Yeah.” Sounds like Smith might escape possible league fine as reported by @Adrian Wojnarowski
Cavaliers guard J.R. Smith said he hopes to be traded, but declined the front office’s suggestion that he leave the team because he felt he owed it to the fans who embraced him. “Yeah. Honestly. They know,” Smith said when asked about his wiish to be dealt. “They don’t want me, so they obviously know.”
Smith said after shootaround Thursday at Cleveland Clinic Courts that it’s hard for him to put on a Cavs jersey every day, but he will help young players who seek him out even as he’s been dropped from the rotation. “They asked me if I wanted to be around the team and if I didn’t I could leave and go home and do whatever,” Smith said. “I can’t do that to these fans, I can’t do it to the city. To come from where I came from, from pretty much nothing to Cleveland and the way the city embraced me, the fans embraced me, the relationship I have with them, I can’t do that to them. It’s not about me, it’s not about who wants me here and who doesn’t want me here, for me it’s all about the fans.”
Joe Vardon, then of Cleveland.com, reported that Smith’s camp was told this summer he likely would not play this season. But Smith is still upset with what he perceives as a lack of communication, perhaps wanting to hear it directly from General Manager Koby Altman. “I don’t mind taking a back seat or sitting down or if you don’t want me to play, I don’t mind that. But at least communicate that to me,” he said. “To feel like you’re going to play one day, and then you just don’t play, coming from four Finals appearances, starting, winning a championship, and doing all these things. Sacrificing your body and injury and fighting through all of that to be, you can’t even look me in my face and tell me, that’s disrespectful to me.”
Cleveland Cavaliers shooting guard JR Smith said he is hoping for a trade, but sources tell cleveland.com he hasn’t officially made that request to management yet. Smith entered this season in a precarious spot, with general manager Koby Altman telling Smith and his camp before training camp that playing time would be sporadic. Smith played four total minutes in the first three games before head coach Tyronn Lue — fired Sunday morning — put him back in the rotation for the fourth and fifth games of the season.
According to a league source, trading Smith is “easier said than done.” He has statistically been one of the league’s worst players the last two years, which is why, more than anything else, the front office didn’t agree with Lue’s decision to play him. His contract is also an obstacle. Smith is making $14.7 million this season. His $15.6 million contract is partially guaranteed for $3.8 million in 2019-20.
Sources told cleveland.com that after sensing poor body language from Smith and worrying about how his attitude could impact the team, Altman sat down with Smith a few days ago and asked the 33-year-old guard whether he wanted to stay around the team while being glued to the bench. If Smith wasn’t going to be a leader, the needed veteran the youngsters benefit from being around and was instead going to sulk, it would be better for him to go home. Smith opted to stay.
Among the players that make the most sense for matching salary with Butler is J.R. Smith, who is set to make $14.7 million this year with his 2019-20 contract only partially guaranteed. However, Smith isn’t too keen on the idea of going to Minnesota, as he recently told the group of guys with whom he was playing NBA 2K19 as they were getting ready for a game. “They trying to do a trade for Jimmy Butler? I ain’t going to Minnesota,” Smith says. “They can cancel my ticket for that. They can cancel Christmas for that. I ain’t going to no damn Minnesota. They better make it a three-way trade or something.”
Zach Lowe: “I’ve heard [the Rockets] have also kicked the tires on JR Smith. That’d be good.”
Joe Vardon: “They’ve told Kevin Love that they don’t plan to trade him and there’s been discussions with JR Smith and even Kyle Korver, who virtually everyone has circled as a trade candidate, getting them ready to come back to camp. They certainly could move one or more of those guys (I certainly don’t see a move for Kevin right now), and yeah, it really seems like this is what has been communicated to all the players involved, that they’re gonna try this out.”
The Cavaliers continue to engage Sacramento on George Hill, sources told Yahoo Sports, and the Kings have quietly been looking for a third team to involve. The Cavs — who have little interest in taking on the $19 million Hill is owed next season — have pushed for J.R. Smith and Iman Shumpert to be part of the package, a source said, which the Kings have no interest in. Cleveland has shown a willingness to part with its own first-round pick in other deals, but thus far trading the coveted unprotected Brooklyn Nets pick has not been seriously considered.
Cavs general manager Koby Altman is trying hard to shed the contracts of Tristan Thompson (two years, $36 million remaining) and J.R. Smith ($14.7 million next season, team option worth $15.6 million in 2019-20 with $3.8 million guaranteed), two players who were re-signed in large part because of LeBron’s omnipresent influence. They’re all represented by Rich Paul of Klutch Sports, who built the agency with a huge assist from James.
Now in their fourth season since James returned, is mental fatigue taking a toll on the Cavs? Sam Amick: It’s a whole lot more complicated than the fatigue factor, and it has everything to do with the layers of dysfunction that the Cavs are battling. Cavs general manager Koby Altman is trying hard to shed the contracts of Tristan Thompson (two years, $36 million remaining) and J.R. Smith ($14.7 million next season, team option worth $15.6 million in 2019-20 with $3.8 million guaranteed), two players who were re-signed in large part because of LeBron’s omnipresent influence. They’re all represented by Rich Paul of Klutch Sports, who built the agency with a huge assist from James. As it pertains to the Cavs’ interest in the Clippers’ DeAndre Jordan, a person with knowledge of that situation said Cleveland continues to offer only its own first-round pick and this kind of unwanted money in those stalled negotiations. The person spoke to USA TODAY Sports on the condition of anonymity because of the sensitivity of the situation.
I have heard the Cavs have been offering J.R. Smith to various teams. Smith is paid $13.7 million this season. He has a $14.7 million deal in 2018-19. He has a $15.7 million salary ($3.9 million guaranteed) for 2019-20.
The Cavs contacted Sacramento about a possible trade for guard George Hill, and the New York Times reported that Cleveland has also engaged the Los Angeles Clippers about DeAndre Jordan and Lou Williams. The Times said the Cavs have floated J.R. Smith, Tristan Thompson, and Iman Shumpert in possible trades — all of them have been here for each of Cleveland’s last three Finals runs and have seen their roles diminish this season for one reason or another. The Cavs are 1-4 in their last five games and privately their marquee players have suggested the team needs a roster upgrade or two. “I like our group,”Tyronn Lue reiterated. “Until we figure out rotations and getting guys healthy and what we have … I like what we have.”
Storyline Hype Rumor visits per day for the last week
Views per day
January 27, 2021 | 4:06 am EST Update
Two things: Nobody is, or should be, untouchable on this roster. And at least for now, word around the league is that the Bulls aren’t looking to move LaVine. Why would they? As you say, he’s playing on an All-Star level and on a value contract.
Isaiah Thomas: I’m working every day, patiently waiting for a team to pull the trigger and give me opportunities. So, I’m feeling really good. I’m happy where I’m at physically, I’m happy where I’m at mentally and you know, just just really playing the waiting game while watching basketball and doing the things I normally do.
Isaiah Thomas: Yes, I hired Bernie Lee. You know, that was a tough decision for me because Excel has been everything for me the last five years, they’ve been more of a family to me. And Sam Goldfeder is somebody that I have so much respect for. I just felt like I needed new energy. And I needed something new. So it was mutually agreed on that we parted ways and there’s no hard or bad feelings towards what that group has done for me and how they worked for me the last five years, so I can’t thank them enough.
Kelly Iko: John Wall on if he’s spoken with Wizards head coach Scott Brooks: “Guys have my number, I have those guys numbers. If they wanted to talk to or reach out to me, they had the opportunity to. It’s almost two months since that’s happened. It is what it is.”
Ava Wallace: John Wall was asked what it’s like to be having fun again playing basketball, with the Rockets on a little win streak. “To be somewhere where you’re wanted, that’s the most important thing.”