Pacers, Stephenson At Impass; Pacers Signing Miles
Thursday Jul 03, 2014 12:00am
Stephenson, Pacers reach impass
(INDIANAPOLIS) – Despite the Indiana Pacers' heartfelt movie tribute and presentation to Lance Stephenson, the two sides are currently at an impasse over a new deal, according to sources close to the situation. The Pacers offered a five-year, $44 million contract to Stephenson, but sources said the versatile shooting guard believes he's worth much more. Stephenson averaged 13.8 points, 7.2 rebounds and 4.6 assists last season -- all career highs for the four-year player. Several clubs have reached out to Stephenson's agent, Alberto Ebanks, to register their interest, most notable the Los Angeles Lakers and Chicago Bulls, according to sources. Michael Jordan and the Charlotte Hornets also have interest in Stephenson. With lucrative contracts already committed to Paul George ($15.8 million), Roy Hibbert ($14.9 million) and David West ($12 million), the Pacers feel they are offering Stephenson as much as they can while remaining financially prudent.
Miles leaving Cavs for Pacers
(UNDATED) – C.J. Miles announced Wednesday on Twitter that he is headed to the Indiana Pacers via free agency. Miles and the Pacers agreed to a four-year deal in the $18 million range, sources confirmed. The deal could potentially cut into the Pacers' flexibility when it comes to trying to re-sign swingman Lance Stephenson. The Indianapolis Star first reported Wednesday that Miles had struck a multiyear deal with the Pacers. Miles spent the past two seasons with the Cleveland Cavaliers. He averaged 9.9 points in 51 games for the Cavs this past season. The Pacers also struck bargain deals Thursday with European prospect Damjan Rudez and undrafted free agent Shayne Whittington as they try to improve their roster after a disappointing second half of the season and an Eastern Conference finals defeat to Miami. Indiana can't sign Miles until July 10, when a leaguewide moratorium on signings and trades is lifted.
Bulls still weighing Boozer options
(CHICAGO) - The Chicago Bulls have told Carlos Boozer it is possible he will be waived using the amnesty provision, but the team has made no final decisions, sources told ESPN.com. The Bulls met with free agent Carmelo Anthony on Tuesday and have a visit planned with free agent Pau Gasol on Thursday. To clear salary-cap space for either, the Bulls will have to release Boozer or use him in a sign-and-trade deal. Boozer is in the final year of a contract that will pay him $16.8 million this season. The Bulls have until July 18 to use the amnesty clause on Boozer, which would remove his salary from their books.In that case, teams with cap space would be able to bid on Boozer in a waiver process. He would be awarded to the highest bidder to pay a portion of his salary. He would become a free agent only if there were no bids.Currently, if the Bulls were to waive Boozer, they would have about $9.7 million in cap space. If he is used in a sign-and-trade, the Bulls would be able to take back more than $20 million in salary. This is why the Bulls are leaving their options open with the veteran forward, sources said. The Chicago Sun-Times reported Boozer already had been informed the Bulls would use the amnesty provision on him.Boozer averaged 13.7 points and 8.3 assists per game last season when
he rarely played in fourth quarters.