NBA Free Agency Rumors: Michael Beasley Dealt, Mike Miller to the Heat
With all the focus on LeBron James, pretty much every other free agent signing or trade in the last 24 hours went relatively unnoticed.
Besides the King heading to South Florida, it was a busy day for the league and several teams made significant upgrades.
To get you caught up on the latest, here's everything that went down on the free agent and trade front's in the last 24 hours.
You know, those hours you were glued to the TV watching "The Decision". Lucking for us all, that's over now and we can return to less hectic and over-the-top form of free agency coverage.
Michael Beasley Traded To The Minnesota Timberwolves
Right after the Heat got their commitment from LeBron James they did what had to be done to make sure they could fit all of their new Big Three under contract. That meant a quick divorce with the former No. 2 overall pick of the draft who never really was able to find his place in Miami after two up-and-down seasons.
The Heat shipped Beasley and his $5 million contract off to Minnesota for a second round pick and a swap of unspecified first-round picks.
It'll be interesting to see how Beasley fits in with the Wolves considering their depth in the front court, but he's a talented, young player and should thrive without the pressures that come in Miami.
David Lee Traded To The Golden State Warriors
The Knicks were a busy bunch yesterday, although we'll get to their other move in a bit. First, it was a sign-and-trade with the Golden State Warriors that sent Lee to the West Coast and brings back Anthony Randolph, Ronny Turiaf and Kelenna Azubuike among others to New York. Lee will sign a six-year, $80 million contract with the Warriors.
It's a good deal from the Knicks side, who get a good haul of reasonably priced rotation players to help fill out the roster that was gutted before the summer.
As for the Warriors, its not quite a slam dunk deal as there are questions how well Lee will fit into their offensive system, but he was the best piece still on the market and the price they paid wasn't nearly as excessive as some of the other deals out there.
Jermaine O'Neal Signs With The Boston Celtics
With Kendrick Perkins expected to be sidelined for a good portion of next season after seriously injuring his knee in the NBA Finals, the Celtics were in need of depth in their front court and found that in Jermaine O'Neal.
O'Neal signed a two-year, $11.5 million contract at the full mid-level exception and heads to Boston to clog up the middle until Perkins is able to return to the court.
O'Neal might be on the wrong side of 30 with a pair of bad knees and not much ups left, but he's still a solid shot blocker and will shoot around .500 from field. At the price they paid, its a good deal.
Brendan Haywood Re-Signs With The Dallas Mavericks
After Lee, Brendan Haywood was the best center on the free agent market and while he drew a lot of interest from teams looking for help in the middle, it wasn't long before Haywood decided to re-sign with Dallas.
The Mavs traded for the former Wizards big man at the trading deadline last season in the same deal that netted them Caron Butler. To ensure that trade wasn't a one-and-gone deal for Haywood, Dallas threw him a bone in a big way.
They re-signed him to a five-year, $55 million deal that could become a poison contract a couple seasons from now. Haywood will be 31 next season and usually big men see a big decline in production around that age.
Travis Outlaw Signs With The New Jersey Nets
The Nets might not have made any major splashes in free agency, striking out with every big name on the market, but they did manage to get something out of this process.
New Jersey signed Travis Outlaw to a five-year, $35 million contract. The pricetag is on the steep side, but you can't fault the Nets for making this deal with all the cap space they hadn't been able to utilize as they'd hoped.
Outlaw is only 25 and has a lot of talent; he'll fit in well with the youth movement the team is currently on. That franchise needs some veteran leadership though.
Linas Kleiza Signs Offer Sheet From The Toronto Raptors
The restricted free agent market has been dead silent to this point unless you count Rudy Gay re-signing with Memphis as a restricted free agent signing.
The Raptors broke the ice though with the extension of an offer sheet to Linas Kleiza of the Denver Nuggets. The deal is believed to be for four years and $20 million and right now it's unknown of Denver will match.
The Nuggets have seven days to either match the offer and retain Kleiza or allow him to sign with the Raptors. With the price of the deal it would be surprising for Denver to match; Toronto is overpaying to make this happens and it looks like that strategy will win out.
Ryan Gomes And Randy Foye Sign With The L.A. Clippers
The Clippers made a couple moves Thursday to continue to add pieces to a roster that's starting to look quite formidable on paper. Now if LeBron had signed we'd actually be talking about something special here, but bringing in Ryan Gomes and Randy Foye are a couple of nice deals nonetheless.
Gomes of course was dealt from Minnesota to Portland on draft night and then subsequently released while Foye played this past season with the Washington Wizards.
At 26 and 27, Foye and Gomes both have averaged over 10 points a game last season, but it's unknown what the terms of their deals with the Clippers were.
Carlos Boozer Deal With The Chicago Bulls Officially a Sign-And-Trade
Carlos Boozer, who on Wednesday agreed to a five-year, $80 million contract with the Chicago Bulls will actually become a member of his team through a sign-and-trade rather than signing outright.
The Bulls will give the Jazz a protected second-round pick, which will likely never change hands, and in exchange the Jazz receive a valuable trade exception equal to the value of Boozer's 2010-11 contract plus $100,000.
That should give Utah roughly $13 million in additional cap space that can be utilized any time over the next calendar year. Add in the $6.5 million trade exception they received by dealing Matt Harpring to Oklahoma City earlier this year and the Jazz have quite a bit of room to upgrade the roster.
Amar'e Stoudemire Deal With New York Officially a Sign-And-Trade
Just like Boozer, Amar'e Stoudemire's deal with New York will officially come via sign-and-trade and nets the Phoenix Suns a trade exception for roughly $16.5 million.
Part of that money will go towards signing Hakim Warrick, who the Suns recently agreed to terms with, but the team should still be leftover with over $10 million in space to continue to upgrade the post-Amar'e roster.
The Suns weren't willing to give Stoudemire the type of money he eventually got from the Knicks, but they should be willing to utilize the money obtained from his trade exception to put together some more reserved deals with less-heralded players.
Mike Miller Intends To Sign With The Miami Heat
It really appears like the rich just keep getting richer. Not only does Miami get LeBron James, Dwyane Wade and Chris Bosh, but it appears that Pat Riley has actually convinced these guys to all take a paycut and make room for Mike Miller to join the show.
According to several reports, Mike Miller is poised to accept a five-year, $30 million contract from the Heat even though he had significantly richer deals out there from other teams.
It looks like Miller, who is friends with LeBron, was more interested in joining the title run and will join the Big Three in taking a paycut to make it happen. His addition would give the Heat the type of three point presence that could be be lethal on a team that features Wade and LeBron on the wings and Bosh under the basket.