Nuggets exercise Renaldo Balkman option

The Denver Nuggets have exercised the fourth-year option on F Renaldo Balkman’s contract, team Vice President of Basketball Operations Mark Warkentien announced today.

Balkman averaged 5.5 ppg (9-14 FG, .643), 3.3 rpg and 1.25 spg in four preseason games with Denver.

Balkman was acquired by trade from the New York Knicks on July 28 in exchange for G Taurean Green, F Bobby Jones and a 2010 second round draft choice.

In two seasons with New York, Balkman averaged 4.2 ppg and 3.8 rpg in 133 games. He was originally drafted by the Knicks with the 20th overall selection of the 2006 NBA Draft.

The Nuggets open the regular season at Utah tonight at 7:00 pm MT.

Wolves exercise options on Brewer and Foye

The Minnesota Timberwolves today announced that the team has exercised the third-year option on forward Corey Brewer and the fourth-year option on guard Randy Foye.

Brewer, a second-year forward from Florida, averaged 5.8 points and 3.7 rebounds in 22.8 minutes per game during his rookie campaign and ranked fourth among all NBA rookies with 0.96 steals per game. Brewer scored in double figures 18 times last season, and his 18 rebounds at Atlanta on Dec. 6 were the most by a Wolves rookie in 12 years.

Foye, the seventh overall pick in the 2006 NBA Draft out of Villanova, appeared in 39 games for the Wolves last season after missing the season’s first three months while recovering from a knee injury. A member of the NBA All-Rookie Team in 2007, Foye averaged 13.1 points, 3.3 rebounds and 4.2 assists per game last season.

Warriors sign Don Nelson to extension

The Golden State Warriors have signed Head Coach Don Nelson to a contract extension, it was announced today by President Robert Rowell.  Per team policy, terms of the agreement were not announced.

“We’re elated that Don has elected to sign an extension,” said Rowell.  “He has proven to be one of the most successful and innovative coaches in the history of our game and his continued presence on the sidelines is certainly a prominent asset for our team and organization.  Our fans and players enjoy his entertaining style and we all look forward to the day he establishes the NBA’s all-time wins record for a coach.”

Nelson, 68, is currently the second-winningest coach in NBA history (1,280 wins), trailing only Lenny Wilkens (1,332) on the league’s all-time victory list.  Over the first two seasons of his most recent stint with Golden State, Nelson has posted a combined 90-74 record (.549) and guided the Warriors to their first consecutive winning campaigns since 1990-91 and 1991-92.

“I’m thankful for the opportunity to continue to coach this team,” said Nelson.  “I’ve really enjoyed the last two years in the Bay Area and I’m excited about the future and the potential of our young team.  Additionally, I’d like to thank Chris Cohan, the entire Warriors organization and our great fans for their incredible support.  This is a special place for me.”

Last season, Nelson guided the Warriors to a 48-34 record, marking the team’s best record since 1993-94 and just the ninth time in franchise history (since 1946) and the third time since 1975-76 that the team has amassed 48 victories in a single season.  Additionally, Golden State’s 48-34 (.585) record in 2007-08 marked the best record for a non-playoff team since the NBA adopted its current 16-team postseason format prior to the 1984 NBA Playoffs.

Nelson returned to Golden State prior to the 2006-07 campaign, leading the Warriors to a 42-40 record that season and their first trip to the NBA Playoffs in 13 years.  Additionally, he guided Golden State to a First Round triumph over the top-seeded Dallas Mavericks, marking the first time that a #8 seed had defeated a #1 seed in a seven-game series in NBA history.

Entering in his 30th season as an NBA head coach in 2008-09, Nelson has compiled a 1,280-954 (.573) record in 2,234 regular-season games in 29 years.  Only Wilkens has coached more NBA games (2,487). In fact, as Nelson embarks on his 45th year in the NBA as a player, coach, general manager or consultant, only Wilkens has more combined games as a player and head coach than the 3,287 that “Nellie” has registered in his career.

Spurs exercise Ian Mahinmi option

The San Antonio Spurs announced today that they have exercised the third-year team option on center Ian Mahinmi’s rookie scale contract. Mahinmi is now signed through the 2009-10 season. Per team policy, financial terms of the deal were not disclosed.

“We are very excited about Ian Mahinmi’s development,” said Spurs General Manager RC Buford. “We’ve literally seen him grow up in front of our eyes, since he joined us he’s grown more than an inch and gained over 30 pounds. He is a talented young man who has continued to work hard and improve as a basketball player. Being named to the D-League First Team last season – in his first year in the States – is an indication of what a bright future he has.”

Mahinmi, who turns 22 on November 5, is entering his second season with the Spurs. He split the 2007-08 campaign between San Antonio and the Austin Toros, the NBA Development League team owned and operated by the Spurs. Mahinmi started the season in San Antonio, appearing in six games with the Spurs, averaging 3.5 points in 3.8 minutes, before being assigned to the Toros on 11/21.

Mahinmi was named to the 2008 All-NBA Development League First Team. In 46 games with the Toros, he averaged 16.8 points, 8.0 rebounds and 1.70 blocks in 29.6 minutes while shooting .615 (276-449) from the field and .766 (219-286) from the line. Mahinmi ranked 19th in the D-League in scoring, second in field goal percentage, eighth in rebounding and ninth in blocks. For the season Mahinmi posted 16 double-doubles. He scored in double figures 38 times, with 20-or-more 17 times and 30-plus four times. Mahinmi scored a season-high-tying 32 points (11-15 FG, 10-16 FT) and grabbed a season-best 17 rebounds vs. Utah on 12/21.

Heat exercise Daequan Cook option

The Miami HEAT announced today that they have exercised the third year Player Option on Daequan Cook. Per team policy, terms of the deal were not disclosed.

Cook, a 6’5”, 210-pound guard, has appeared in 59 regular season games (19 starts) and has averaged 8.8 points, 3.0 rebounds, 1.3 assists and 24.4 minutes. Last season, Cook set new HEAT rookie records in both three-point field goals made (79) and attempted (238) while shooting 33.2 percent accuracy from beyond the arc which was the fourth highest single-season percentage for a HEAT rookie. Additionally, Cook ranked among the NBA rookie leaders in three-point field goals made (2nd), three-point field goal attempted (2nd), three-point field goal percentage (3rd), scoring average (8th), minutes per game (10th), assists per game (tied-10th) and rebounds per game (tied-16th).

Cook was originally drafted by the Philadelphia 76ers in the first round (21st overall) of the 2007 NBA Draft. His draft rights were acquired by the HEAT along with Philadelphia’s 2009 second-round draft pick and cash considerations for the draft rights of Jason Smith (20th overall selection) on draft night.

Mavs exercise Shawne Williams option

The Dallas Mavericks announced today they have exercised the option on forward Shawne Williams for the 2009-10 season.

“We are excited to exercise the option on Shawne’s contract,” said General Manager/President of Basketball Operations Donnie Nelson.  “He is a young player that has improved every season and has a bright future as a Maverick.”

Williams (6-9, 225) was acquired in a trade with the Indiana Pacers in exchange for Eddie Jones on October 10, 2008.  He was selected by Indiana with the 17th overall pick in the 2006 NBA Draft. The third-year forward averaged 6.7 points and 2.7 rebounds in 65 games (3 starts) last season with the Pacers improving on his rookie numbers of 3.9 points and 1.8 rebounds per game in 2006-07.

He played five games for the Mavericks this preseason and averaged 2.0 points and 1.6 rebounds in 8.6 minutes.

Sixers home opener time change

The Philadelphia 76ers today officially moved the start time of their home opener against the Toronto Raptors at the Wachovia Center on Wednesday, October 29 to 6:00 p.m. ET (from the scheduled 7:00 p.m. ET time) in anticipation of a World Series game being played at the South Philadelphia Sports Complex on Wednesday, October 29.

“We moved the start time of our home opener to 6:00 p.m. to allow our fans an opportunity to attend our game and to be able to see the Philadelphia Phillies in the World Series,” said Lara Price, Senior Vice President of Business Operations.

The AT&T Pavilion at the Wachovia Center will remain open after the Sixers game late into the evening for fans to watch the baseball game with half-price domestic beer specials and delicious food, including Chickie’s & Pete’s world famous Crab Fries and chicken tenders. After the Sixers game, access to the AT&T Pavilion will be free and open to the public.

Bobcats sign Linton Johnson

Charlotte Bobcats General Manager Rod Higgins announced today that the team has signed forward Linton Johnson III. The Bobcats roster now stands at 15 players.

Johnson (6-8, 205 pounds) appeared in four preseason games with Washington this season with averages of 1.3 points and 2.8 rebounds in 12.8 minutes.

Over his five-year NBA career, Johnson has appeared in 147 games (27 starts) with averages of 4.1 points and 3.4 rebounds in 14.6 minutes with Chicago, San Antonio, New Jersey, New Orleans, Toronto and Phoenix. Johnson went undrafted out of Tulane University in the 2003 NBA Draft, but was signed as a free agent by the Bulls before the start of the 2003-04 season.

The Bobcats will open the 2008-09 season on Thursday, Oct. 30 at Cleveland, with their home opener slated for Saturday, Nov. 1 against Miami.

Celtics promote Danny Ainge to president of basketball operations

The Boston Celtics announced today that they have promoted Celtics Executive Director of Basketball Operations/General Manager Danny Ainge to President of Basketball Operations.  The team also announced that Ainge’s contract has been extended.  Per team policy, terms of the deal were not disclosed.

“Danny has been a key part of building our World Championship team and basketball program,” Boston Celtics Managing Partner and Co-owner Stephen Pagliuca said. “He represents all that is the best of Celtics Pride and we applaud his success.”

Ainge, the 2007-08 NBA Executive of the Year, orchestrated the trades that brought Kevin Garnett and Ray Allen to Boston that brought the Celtics their NBA record 17th Championship during the 2007-08 season.  Ainge was named to the position of Executive Director of Basketball Operations after the 2002-03 season.  Ainge is currently in his 6th year in the position and his 14th overall with the organization.

“Danny was visionary as he assembled the players who brought home our seventeenth banner,” Managing Partner and CEO Wyc Grousbeck said. “His work ethic, character and insight earned him Executive of the Year and earned us a world title.”

During his 14-year playing career, Ainge won two World Championships with Boston (1984, 1986) and appeared in six NBA Finals (four with Boston).  He finished his career third in NBA playoff history for games played (193) and sixth in most three-pointers made (172). He also finished eighth in three-pointers attempted (433).  Upon his retirement, Ainge was one of three players in NBA history to make 1,000 or more career three-pointers (1,002), along with Dale Ellis and Reggie Miller.

NBA opening night rosters

The NBA’s opening day rosters are official, and now posted on InsideHoops.com.

This evening was the deadline for NBA teams to trim their rosters down to 15 players or less.

The 2008-09 regular season starts Tuesday, October 28. InsideHoops is your online basketball home. We’re pumping out more content this season than ever.

Enjoy the season!