Adrian Wojnarowski of The Vertical
After helping to deliver the Cleveland Cavaliers an NBA championship, head coach Ty Lue has agreed to a five-year, $35 million contract extension, league sources told The Vertical.
The agreement was reached on Monday and a formal announcement is expected in the next 24 hours, league sources told The Vertical.
After his promotion to head coach following David Blatt's firing in January, Lue gambled on himself and decided against signing a shorter, less lucrative deal as Cavaliers coach – never signing a three-year, $9.5 million contract framework.
Lue's decision turned out to be prophetic, because the Cavaliers' improbable 3-1 comeback victory in the NBA Finals against the Golden State Warriors allowed for him to become compensated among the NBA's elite head coaches.
Lue, 39, finished the final 41 games of the Cavaliers' regular season with 27 victories before rolling through Detroit, Atlanta and Toronto to reach the Finals. Lue earned the trust of the Cavaliers' stars, including LeBron James, and his tactical acumen in the Finals helped orchestrate the dramatic championship comeback.
Adrian Wojnarowski of The Vertical at Adrian Wojnarowski of The Vertical 1 mth ago
Brooklyn Nets radio play-by-play voice Chris Carrino joins Adrian Wojnarowski on The Vertical Podcast with Woj.
Carrino discusses the craft of radio play-by-play in the New York market and the evolution of the medium.
Carrino opens up about his diagnosis of facioscapulohumeral muscular dystrophy, neuromuscular disease that has slowly eroded his muscular functions. Carrino talks about hiding the condition for years before finally going public, starting a foundation and raising money for research that has made significant medical advances.
1:22: The difficulty of entering the sports broadcasting industry.
2:56: How the role of broadcasters in the New York area is different from other local markets.
5:18: Striking the right balance of praise and criticism when covering the team. 9:50: Carrino’s FSHD diagnosis during college.
16:31: Deciding to keep his diagnosis private initially and how he feared it would impact his career.
26:11: His decision to go public and start his foundation.
30:50: The breakthrough that resulted from his contributions to research at UMass.
35:47: How Carrino deals with the uncertainty of how long he’ll be able to do his job.
Cleveland general manager David Griffin joins The Vertical Podcast with Woj to discuss the Cavaliers' improbable NBA championship run.
In a wide-ranging discussion, Griffin talks about LeBron James’ imprint on the team, why the club thrived in crisis and the decision to make an in-season coaching change.
Griffin also talks about his own journey from PR intern to NBA executive, turning down GM jobs in Memphis and Denver before finally getting the opportunity to run the Cavs.
0:43: The importance and emotion of ending Cleveland’s championship drought.
6:27: The email Griffin sent to the entire organization after trailing 3-1 in the Finals.
12:21: James’ game-saving block against Andre Iguodala in Game 7.
13:13: How signing James changed expectations for coach David Blatt.
18:13: The long wait for James’ free-agency decision in 2014.
22:29: Turning down general manager jobs in Memphis and Denver.
26:06: Griffin's rise from media relations intern to the front office with the Suns.
30:14: Lessons learned from Bryan Colangelo.
34:48: Accepting the GM job with the Cavs and why the organization has succeeded.
43:52: The decision to fire Blatt.
48:50: Ty Lue holding players more accountable.
When Jeff Teague walked into the Indiana Pacers practice facility recently, there was a singular moment that it washed over him that he had truly come home in the NBA.
"It didn't really hit me until I met Larry Bird," Teague told The Vertical on Sunday night.
Everything changes for him now, the Pacers turning a trade on the eve of the NBA draft into securing the franchise's long-term solution as point guard. He was raised in Indianapolis, reveres the history and lore of Hoosiers basketball and forever imagined the chance to play pro ball in Bankers Life Field House. After seven seasons in Atlanta – including a 60-victory regular season, a trip to the Eastern Conference finals and an All-Star berth – Teague gets everything he ever wanted now: the Pacers and a superstar teammate, Paul George.
"I've always wanted to play for the Pacers, and thought they were going to pick me 13th when I came out in the draft. But they picked Tyler Hansbrough instead," Teague told The Vertical.
After losing out on two restricted free-agent guards, the Brooklyn Nets moved swiftly to secure a one-year deal with Greivis Vasquez on Sunday, league sources told The Vertical.
The Nets lost out on Portland's Allen Crabbe and Miami's Tyler Johnson when those players had offer sheets matched on Sunday.
Vasquez will join free-agent guard Jeremy Lin as two additions to coach Kenny Atkinson's backcourt. The Nets drafted Seton Hall guard Isaiah Whitehead in the second round.
Vasquez, 29, has constructed a strong NBA career for himself as a versatile, mature and poised combination guard. His season with the Milwaukee Bucks was cut short after right ankle surgery to remove bones spurs. In six NBA seasons – with Memphis, New Orleans, Sacramento, Toronto and Milwaukee – Vasquez has averaged nine points and 4.8 assists per game.
The Miami Heat are matching the four-year, $50 million offer sheet to restricted free-agent guard Tyler Johnson, thwarting the Brooklyn Nets’ bid to acquire him, league sources told The Vertical.
The Heat’s decision to retain Johnson was the second blow to the Nets on Sunday, a decision made within hours after the Portland Trail Blazers matched the Nets’ $75 million offer sheet on restricted free-agent guard Allen Crabbe.
Johnson’s contract included $18 million-plus and $19 million-plus “poison pill” provisions in years three and four of the deal. They were designed to severely puncture the Heat’s salary cap and dissuade president Pat Riley from retaining Johnson. Nevertheless, Miami was determined to hold on to a young guard that it had plucked out of the NBA Development League and continued to develop in the Heat system.
For Johnson, the contract represents one of the most rapid financial ascensions in recent league history: From an undrafted D-League guard in 2015, to participating in only 68 games over parts of the past two seasons, to a staggering market deal.
The Portland Trail Blazers have matched the Brooklyn Nets’ four-year, $75 million offer sheet to restricted free-agent guard Allen Crabbe, clearing the way for his return to the Blazers’ roster, league sources told The Vertical.
The offer sheet was a daring play by the Nets for a 24-year-old reserve guard, and the Blazers’ match speaks to Portland ownership and management’s commitment to build upon the franchise’s Western Conference semifinal berth in 2016.
The Blazers have constructed a deep, versatile and talented team to try to make another move up in the Western Conference.
The deal includes a fourth-year player option and a trade kicker that could make the contract ultimately worth $83 million, league sources said.
Crabbe has played behind 2016 NBA Most Improved Player C.J. McCollum in the Blazers’ star backcourt that includes All-Star Damian Lillard. Crabbe’s ability to shoot and defend his position were the primary reasons why the Blazers were unwilling to lose him for nothing.
Portland’s matching of the Crabbe offer sheet came within hours of restricted free agent Meyers Leonard signing a four-year, $41 million contract extension with the franchise, sources said.
Seven-footer Meyers Leonard has signed a four-year, $41 million contract extension with the Portland Trail Blazers, league sources told The Vertical.
Leonard, a restricted free agent, has built his value as a stretch power forward with an ability to spread the floor and deliver a presence on the defensive boards.
Leonard is part of a core expected to compete for 50 victories in the Western Conference this season.
Leonard, 24, missed the final 20 regular-season games with a left shoulder surgery in 2015-16, but has shown steady improvement in the past two years after being selected at No. 11 overall in the 2012 NBA draft.
Leonard left the University of Illinois after two seasons.
The Blazers will make a formal decision on whether to match restricted free-agent guard Allen Crabbe’s four-year, $75 million offer sheet with Brooklyn. The Blazers have another restricted free agent, Maurice Harkless, whom they have an interest in keeping, too.
Free-agent guard Wayne Ellington has agreed to a two-year, $12 million-plus deal with the Miami Heat, league sources told The Vertical.
Ellington, 28, gives the Heat a veteran guard and perimeter threat to start reshaping the backcourt with the loss of 12-time All-Star Dwyane Wade to Chicago.
Ellington could be impacted by the franchise’s decision to match restricted free agent Tyler Johnson’s $50 million offer sheet with the Brookly Nets.
Ellington completed his seventh NBA season, averaging 7.7 points in 76 games – 41 starts –with the Nets. Ellington has had stops in Minnesota, Memphis, Cleveland, Dallas, the Lakers and Nets.
After falling to the 44th pick in the 2015 draft and fighting his way out of the NBA Development League, guard Andrew Harrison has emerged with some staying power in the NBA.
Harrison has agreed to a three-year, $3 million deal with the Memphis Grizzlies, league sources told The Vertical.
The deal includes a partial guarantee on the third season, sources said.
Harrison made dramatic strides for the Iowa Energy of the D-League last season and impressed the Grizzlies with his steadily developing game. Memphis kept Harrison in the D-League for the entire season, and he averaged 18 points per game.
He’s earned his way onto a Memphis roster that needs young, athletic wing players to strengthen its bench.
The Grizzlies agreed with free-agent guard Troy Daniels on a three-year, $10 million deal on Saturday, and there’s a real opportunity for Harrison to earn minutes under new coach David Fizdale.
Harrison was a star at the University of Kentucky with his twin brother, Aaron, who plays for the Charlotte Hornets. The Harrisons led Kentucky to two Final Fours in the two years they played in college.