We talked a little bit about the Cavaliers’ cap space last night when it was announced that Spencer Hawes was headed to the Clippers. Today, Yahoo’s news-breaking juggernaut Adrian Wojnarowski indicates that the Cavaliers and Rockets are working out deals to generate space to offer a full-max to LeBron James.
Meanwhile, Rockets, Cavs pushing closer to creating max contract slots. Deals lined up for Jeremy Lin. Cavs shopping Jarrett Jack w/ a pick.
— Adrian Wojnarowski (@WojYahooNBA) July 5, 2014
Jack signed a 4-year, $25.2 million with the Cavaliers last offseason, which was highly regarded as a huge get for the Cavaliers to provide a veteran backcourt influence for backcourt mates Kyrie Irving and Dion Waiters. Instead, Jack disappointed and struggled for stretches of the team’s disappointing campaign, averaging 9.5 points on 41% shooting (below his career averages of 10.9 and 44%, respectively). The final year of Jack’s three remaining years is a team option. So, a team is committing to two years of the 30-year-old Jack at a total cost of $12.6 million. Jack is much easier to move than Jeremy Lin, who is owed nearly $15 million this season.
To help grease the wheels, the Cavaliers have extra draft picks (though not as many as a few months ago, Luol Deng and Spencer Hawes!). In addition to all of their own first and second round picks, they own Miami and Memphis’s 2015 first round picks. Miami’s is Top-10 protected the next two years and unprotected in 2017. Memphis’s has much heavier stipulations, but starts at 1-5 and 15-30 protected in ’15 and ’16, top five protected in ’17 and ’18, and unprotected in ’19. The Bulls own the rights to swap their first round pick with Cleveland’s this year if it is outside of the lottery as well.
(Photo: Scott Sargent/WFNY)