Kevin Durant Reportedly Offered Monster Deal from Under Armour

Under Armour is reportedly seeking to outbid Nike in the race to secure Oklahoma City Thunder superstar Kevin Durant to a massive endorsement deal.   

According to ESPN.com’s Darren Rovell, Durant’s agency, Roc Nation Sports, told Nike of Under Armour’s offer:

Kevin Durant’s representation, Roc Nation Sports, informed Nike on Wednesday that he has a deal on the table with Under Armour worth between $265 million and $285 million over 10 years, sources told ESPN.com. 

The deal includes Under Armour stock and other incentives such a community center built in his mother’s name whose exact worth will not be known for some time. [...]

Nike’s last offer, sources said, would have given Durant a base and a minimum royalty guarantee that would equal no less than $20 million a year.

Rovell provided more perspective and background details on Twitter, and also compared Durant’s situation with that of Cleveland Cavaliers star LeBron James:

The following quote from Durant, per SLAM Magazine, outlines a primary reason why he would be so coveted and deserving of such an opportunity to make big bucks away from the basketball court:

Durant has won the scoring title four times already in just seven NBA seasons, and took home his maiden NBA MVP award in 2013-14 after averaging a career-best 32 points and 5.5 assists to go with 7.4 rebounds per contest.

Along with fellow young All-Star Russell Westbrook, Durant has helped Oklahoma City make a rather seamless transition from Seattle, turning the franchise into a perennial contender. Triangle Offense made a pertinent comparison in that context to the endorsement offer Durant reportedly has:

All that’s missing for Durant is a championship, which could come with the Thunder or elsewhere. With just two years left on his contract, there’s a chance Durant takes his talents elsewhere for the best shot at a Larry O’Brien Trophy.

No matter what he decides on for the next phase of his career, though, his impending endorsement deal will lock Durant in as he approaches his prime. Just 25 years old at this time, Durant’s best days are likely ahead of him as a player. Now he is taking his endorsement ceiling to new heights.

Fortune magazine combines with Sports Illustrated to compile an annual list of the highest-earning professional athletes, and Durant was 13th in this year’s edition.

But with nearly $19 million in salary coming this season, per Spotrac.com, and the bidding battle between Nike and Under Armour, Durant stands to improve his stature among the highest earners in sports.

Read more NBA news on BleacherReport.com

View full post on Bleacher Report – NBA

Philadelphia 76ers: Deal for Amar’e Stoudemire Might Come at Trade Deadline

Amar’e Stoudemire has one year left on the max deal he signed with the New York Knicks in 2010, and is set to make $23-million.
A handful of injuries have hindered his on court performance, but he’s still garnering some attention from other teams around the league. The Philadelphia 76ers have interest in acquiring the former All Star power forward, even if the deal has to wait until the trade deadline.
From Steve Kyler of Basketball Insiders:
What’s far more likely is that the long rumored Amar’e Stoudemire to Philadelphia deal gets done at the deadline. The Sixers take on Stoudemire’s $23 million salary cap number, which pushes them way over the minimum. They would only owe him roughly 30 percent of his remaining contract, so they’d end up paying him $7 million in cash and likely extract a draft pick or a rookie scale player for their troubles.
Flexibility in the NBA is currency – both figuratively and literally. The 76ers will likely meet the floor; they just are not incentivized …

View full post on Yardbarker: NBA

Grizzlies sign draft pick Jarnell Stokes to deal (Yahoo Sports)

MEMPHIS, Tenn. (AP) — The Memphis Grizzlies have signed their second-round draft pick Jarnell Stokes to a multi-year contract.

View full post on Yahoo Sports – NBA News

NBA Trade Rumors: Latest Buzz Surrounding Cavaliers and Timberwolves’ Deal

This rumor-friendly NBA offseason has likely turned more fans into experts on the business side of the game than ever before.

Nearly every free-agent or trade rumor comes with a host of concerns and opinions regarding salary-cap issues, contract length, player/team options and whether or not a team has enough valuable “assets” in the fold.

So it should be no surprise to most fans that there is still plenty to discuss and dissect regarding the latest and greatest blockbuster rumored to finally come together in late August. As Yahoo Sports’ Adrian Wojnarowski reported, an agreement is in place for Kevin Love to go to Cleveland in exchange for Andrew Wiggins, Anthony Bennett and a protected 2015 first-round pick.

This would be quite the coup for Cleveland, but the deal is likely to have plenty of major ripple effects beyond the obvious roster shake-up. In fact, not everything about the agreement may be set in stone.

According to CBS Sports’ Ken Berger, Love may not be entirely set on how his contract situation will play out in Cleveland:

One aspect of the agreement between Cleveland and Minnesota that has not yet been agreed to, according to two league sources, is a contract extension for Love. If Love opts out next summer, he could get a five-year, $120 million deal from the Cavs. But with James, the sole trigger for the deal, working on a two-year deal with a player option next summer, the two people familiar with the discussions said Love may want to wait and see how long of a deal James agrees to next summer so the two stars can synchronize their plans.

However, Wojnarowski did note in his story that the agreement for the potential deal indeed involved Love opting out of his contract and re-signing for $120 million over five years.

Some of the uncertainty stems from LeBron James’ own contract, which is for two years—the second of which is a player option—and approximately $42.2 million, per Spotrac.

However, as USA Today‘s Jeff Zillgitt pointed out, this was likely due to the league’s expected cash windfall from new television deals and (potentially) increased salary cap.

Regardless of the TV deal, the league’s salary cap, which the value of max deals are based, is expected to increase,” Zillgitt wrote. “With the player option, James gives himself the ability to take advantage of that, too.

Of course, if Love wants the same flexibility going forward as James does so that he too can capitalize on an influx of television contract money, the Cavaliers will have to hope this experiment works and both players are satisfied with the direction the team is heading in—which is mostly up to the two superstars’ play and first-year head coach David Blatt engineering a system that allows them to thrive.

The Timberwolves would be set with a young, athletic roster featuring Zach LaVine and Wiggins, two perimeter players with long wingspans and boundless athleticism. Wiggins would likely have no trouble adapting. 

I just want to play for a team that wants me. So whichever team wants me I’ll play for,” he said recently on SportsCenter, via a report from ESPN.com.

The team won’t make a return to the playoffs anytime soon, but it might not be long if it can develop Wiggins into an All-Star and keep him surrounded by talented players like Ricky Rubio.

In fact, another talented young player could join Wiggins on the Timberwolves in due time, as the Philadelphia 76ers appear to be involved in the fallout from the potential blockbuster.

Mark Perner of the Philadelphia Daily News reports that Bennett would part of a package that brings Thaddeus Young to Minnesota:

A source informed the Daily News that the Sixers will be sending veteran forward Thaddeus Young to Minnesota for a package that will include Bennett, the No. 1 pick in the 2013 NBA draft. The deal, which two sources have confirmed to the Associated Press,will not be official until Aug. 23, when Wiggins, this year’s No. 1 draft pick, becomes eligible to be traded.

However, Tom Moore of The Intelligencer reports certain NBA rules may be standing in the way of a trade involving Bennett:

If the Sixers moved Young for Bennett, it would certainly amount to throwing in the towel on the 2014-15 season and preparing for another lottery pick to go with the “Twin Tower” setup of Nerlens Noel and Joel Embiid.

Bennett may never reach his full potential in this situation, as he lacks the shooting touch and speed to play small forward. This leaves him with the option of playing a backup role to Noel, who would possibly get shoehorned into a power forward role alongside Embiid at center.

Of course, the Sixers would still have to figure out how to play Young alongside Embiid and Noel even if they didn’t trade him. Moore opined that if the Sixers traded Young, who averaged 17.9 points and 6.0 rebounds per game last season, it would send a clear message to other teams around the league about their intentions:

There is clearly plenty to work out for both the Sixers and the Wolves in the aftermath of this potential Love deal.

Both teams have to find ways to get young players with similar skill sets to mesh while the Cavaliers—again, assuming the Love deal isn’t torpedoed in the coming weeks—will walk away with a ready-made starting five and a great shot at the sports championship Cleveland has been longing for since 1964.

Read more NBA news on BleacherReport.com

View full post on Bleacher Report – NBA

AP sources: Cavs, Wolves set for Love-Wiggins deal (Yahoo Sports)

FILE - AUGUST 7, 2014: According to reports, the Minnesota Timberwolves have agreed to trade Kevin Love to the Cleveland Cavaliers in exchange for first overall pick Andrew Wiggins, Anthony Bennett and a 2015 first-round pick. DENVER, CO - NOVEMBER 15: Kevin Love #42 of the Minnesota Timberwolves heads upcourt against the Denver Nuggets at Pepsi Center on November 15, 2013 in Denver, Colorado. The Nuggets defeated the Timberwolves 117-113. (Photo by Doug Pensinger/Getty Images)

Two people with knowledge of the deal tell The Associated Press that Minnesota and Cleveland have agreed to a trade that will send All-Star forward Kevin Love to the Cavaliers for Andrew Wiggins, Anthony Bennett and a future first-round draft pick.


View full post on Yahoo Sports – NBA News

Lakers reportedly offer Carmelo Anthony huge deal

The Los Angeles Lakers met with New York Knicks free agent forward Carmelo Anthony for nearly three hours on Thursday and apparently offered him a max contract during that meeting. Reports now claim that the Lakers offered the 30-year-old a four-year, $97 million deal. While details are still emerging about what the team’s plans are to build around Anthony and star guard Kobe Bryant, it’s clear the Lakers are serious about trying to land the Syracuse product. Bryant is scheduled to meet with Anthony Thursday night and the two have long been close friends. Whether Kobe can sway Melo to come to Los Angeles is completely unknown at this point. Reports earlier on Thursday suggested that Anthony was actually interested in returning to the Knicks and bringing Lakers free agent big man Pau Gasol with him. While the actual logistics of making that happen could be difficult, Gasol does have ties to the Knicks as his former head coach (Phil Jackson), point guard (Derek Fisher) and assistant …

View full post on Yardbarker: NBA

Mavs bring back Dirk Nowitzki with three-year deal

There was never any doubt that star player Dirk Nowitzki would be playing for the Dallas Mavericks during the 2014-15 NBA season. On Thursday a new deal between the two sides was finalized. Nowitzki will get a three-year deal worth around $30 million. Such a deal saves the Mavericks some cap space as they continue to pursue pieces to place on the court around him. THIS JUST IN: Mavericks and F Dirk Nowitzki agree to 3-year deal believed to be in $30M range. (via @ESPNSteinLine) pic.twitter.com/wmFCuJBeK0 — SportsCenter (@SportsCenter) July 3, 2014 The 36-year-old put together another fine season in 2013-14 appearing in 80 games averaging 21.7 PPG, 6.2 RPG and 2.7 APG.

View full post on Yardbarker: NBA

AP source: Mavs, Nowitzki agree on 3-year deal (Yahoo Sports)

DALLAS, TX - MAY 02: Dirk Nowitzki #41 of the Dallas Mavericks celebrates during play against the San Antonio Spurs in Game Six of the Western Conference Quarterfinals during the 2014 NBA Playoffs at American Airlines Center on May 2, 2014 in Dallas, Texas. (Photo by Ronald Martinez/Getty Images)

Dirk Nowitzki and the Dallas Mavericks have agreed on what could be the final contract for the future Hall of Famer. A person with knowledge of the deal told The Associated Press on Thursday that Nowitzki would get a three-year contract worth roughly $30 million. The 36-year-old Nowitzki is taking a big pay cut with a contract similar in value and structure to the one Tim Duncan signed with San Antonio two years ago.


View full post on Yahoo Sports – NBA News

Celtics, Bradley agree on $32 million, 4-year deal (Yahoo Sports)

BOSTON, MA - APRIL 16: Avery Bradley #0 of the Boston Celtics reacts following a three-point shot against the Washington Wizards in the second half during the game at TD Garden on April 16, 2014 in Boston, Massachusetts. (Photo by Jared Wickerham/Getty Images)

BOSTON (AP) — Avery Bradley has agreed to a $32 million, four-year deal to remain with the Boston Celtics.


View full post on Yahoo Sports – NBA News

Domino falls as Lowry, Raptors strike new deal

Kyle Lowry will make $48 million over four years after the best season of his career.

      
 

 

View full post on USATODAY – NBA Top Stories

Next Page »