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NBA Rumors for Wednesday, July 27
InsideHoops NBA rumors updated 5:00 p.m. ET. We update this page several times a day. Most of our updates throughout the day appear on our basketball blog. Click a bball story to read more, then click "BACK" to return here.
Clippers owner Steve Ballmer has begun to explore potential sites for a new Clippers arena, multiple NBA sources said. The Clippers would neither confirm nor deny they are actively searching for a location, but one NBA source said that an area that piques the franchise's interest is Los Angeles' west side. ESPN.com
The Clippers have been co-tenants of Staples Center, owned and operated by Anschutz Entertainment Group (AEG), with the Los Angeles Lakers and the NHL's Los Angeles Kings since the facility opened in downtown Los Angeles prior to the 1999-2000 NBA season. In January 2013, the Clippers agreed to a 10-year extension of their lease that would keep the team at Staples Center until June 2024. Sources say any move by the Clippers would come after they fulfill the term of the current lease. ESPN.com
A new facility owned and operated by the team would afford the Clippers greater power to maximize earning opportunities, from sponsorship to licensing fees. As the owner of Staples Center, AEG retains control over naming rights, the business operations of running the facility for events and other substantial revenue streams like concessions. ESPN.com
Hawks assistant general manager Michael Blackstone is leaving his role with the organization, according to several people familiar with the situation. Blackstone spent just one season with the Hawks. Atlanta Journal Constitution
Dennis Schroder will not compete for Germany’s national team this summer, the German Basketball Federation announced Wednesday. Germany was to begin qualification play for next year’s EuroBasket 2017 tournament in August. The team made the announcement of Schroder’s withdrawal on social media. Atlanta Journal Constitution
The Cavaliers and head coach Tyronn Lue have agreed to a new, multi-year contract, the team announced today. “Ty took over our team under very trying circumstances and his calm, confident approach was invaluable as we found our way to success,” said General Manager David Griffin. “His vision, leadership and tactical acumen were fundamental to us reaching our goals. We couldn’t be happier to have Ty continue to lead our group into the future.” InsideHoops
The Hornets have signed guard/forward Treveon Graham. “We were impressed by Treveon’s play last season in the D-League and followed him closely during his four-year career at VCU,” said Hornets General Manager Rich Cho. “We are excited to add someone with Treveon’s ability on both sides of the ball to our training camp roster.” InsideHoops
The Pistons on Tuesday signed free-agent guard Ray McCallum Jr. McCallum, 25, played 41 games last season with the Spurs and the Grizzlies, averaging 3.3 points, 1.1 rebounds and 1.5 assists in 11.6 minutes per game. InsideHoops
The Hawks on Tuesday signed free agent forward Matt Costello. Until we hear otherwise, we will assume this deal merely brings Costello to Hawks training camp. InsideHoops
The Heat on Tuesday signed guard Dion Waiters. According to the South Florida Sun Sentinel, the deal is a two-year, $6 million contract with a player option for the second season. “Dion is not a Room Exception player,” said HEAT President Pat Riley. “He wanted to play for the Miami HEAT and chose to forgo other more lucrative financial opportunities to be a part of our championship organization. InsideHoops
The Wizards on Tuesday re-signed shooting guard Bradley Beal. According to CSN Mid-Atlantic, the deal is a five-year max contract worth $128 million. “Bradley has proven himself as one of the top young shooting guards in the league, and we feel that he has the potential to rise to an elite level as he enters the prime of his career as one of the cornerstones of our team,” Wizards President Ernie Grunfeld said. InsideHoops
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