New Orleans Pelicans to Acquire Tyreke Evans

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Published: July 4, 2013
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New Orleans Pelicans and Tyreke Evans

Sacramento Bee writers are reporting that the New Orleans Pelicans and the Sacramento Kings have agreed on a sign-and-trade deal for Tyreke Evans, as expected and noted last evening. The Pelicans will be sending last season’s starting center, Robin Lopez, and starting point guard, NBA’s Most Improved Player Award runner-up, Greivis Vasquez.

Update: The Pelicans sent out Terrel Harris and his unguaranteed contract in the trade, received cash, and Jeff Withey, as well. Here is the post about Withey.

Evans’ deal is reported to be for 4 seasons and a total of $44m, give or take. The reports are unclear at this point in terms of exact value, signing bonus, incentives, options, more boring stuff . . . but none of that matters at the moment. These will affect the Pelicans’ long-term salary and Tyreke’s portability. We’ll get all that sorted in the coming days.

Tyreke Evans is a powerful guard, standing at 6’6″, 220 lb., who will reportedly sign on to be a so-called “super-sixth man” in the the mold of Manu Ginobili on the San Antonio Spurs. He has played both traditional guard positions and some small forward. He has improved his shooting and some other areas of his game last season, but these were hidden partially by the chaos in Sacramento. His assisting has consistently declined in volume in recent years. Whether this is a cause or an affect remains to be seen.

Last season, Ryan Anderson played significant minutes off of the bench. What the Evans trade says for Anderson’s role . . . and Davis’ role . . . in the presence of the former fourth pick of the draft and Rookie of the Year and the absence of Robin Lopez remains to be seen.

New Orleans Pelicans and Free Agency

Like all trades and signings going on, none of these are officially official until the paperwork is signed and filed, and that can not be done until July 10. These seemingly boring detail is actually quite important.

This trade though agreed to after the Jrue Holiday trade, can actually be processed after additional moves to use the existing cap space, which is about $4.5m. The exact amount is unclear due to incentives in Holiday’s deal.

The punchline is: Depending, the Pelicans have ~$5.5m – ~$7m left to spend on a semi-major player.

Skip to the next section if you don’t care about how the sausage is made.

Here’s how it can work:

  • The Noel for Holiday and Jackson trade reduces cap space to around $4.5m.
    • This deal must be processed first. Since the salaries of Holiday and Noel do not match, the team must remain under the cap at this point.
  • This $4.5m and the unguaranteed contracts of Darius Miller, Brian Roberts, and Lance Thomas, totaling $3,346,330, can be used to acquire an ~$7m player or combination of players via a salary dump trade for some cash strapped team or ~$5.5m to spend in free agency.
    • Roberts’ deal will reportedly be $50,000 guaranteed if not waived by July 8, but this does not affect the above materially.
    • This Cap Room vanishes once the Evans trade is executed unless something changes. So, that cap room is “use it or lose it” money.
  • The team can also court players to use the $2,652,000 Room Mid-Level Exception on. This can be split or used on one player, either in trade or free agency, but can not be combined with Cap Room.
  • Further moves would have to then be either trades or the signing of minimum contract players, like Roger Mason, Jr. last season. This would include Pierre Jackson likely if he is not traded away.

The above shows that the Dell can grab another significant asset at the expense of unguaranteed minimum contract players either in trade or by waiving them.

Before you ask: if any of those players are waived or traded away, that player can not return to the Pelicans’ roster this season.

Other notes: This assumes Aminu and Henry’s Bird Rights are waived, and that seems highly likely. They can be signed, included in sign-and-trade, but must be signed using Cap Room, the Room MLE, or take a minimum contract. Same applies to Amundson and Mason, but they don’t have Bird Rights, so whatever. Also, the team can not get the Full Mid-Level Exception this season or the Biannual Exception. The also can not use the Amnesty provision on any player or trade a player to be Amnestied (doesn’t work that way). The difference between the amount of salary that can be acquired in trade compared to free agency is to do the incomplete roster charge.

The New Orleans Pelicans Model

The fact that there is Cap Room to spend does not mean that it should be spent. Dell should stick to the Pelicans Model, not overpaying for players whose value is not depressed. Spending this money can have huge long-term effects three years down the line if the team is bumping up against the Luxury Tax Line. If spending now on an “ok” player may hamstring the team when the set of available moves is shrinking, then Dell needs to consider the near-term expenditure. If he can get a guy that fits the plan in some way . . . as a player or asset . . . then grab’n’go!

The range of salary they Pelicans can offer exceeds the Non-Taxpayer Mid-Level Exception of $5,150,000 by a good amount. This means that the Pelicans can still outbid teams over the Cap who only have the MLE to use to acquire players. Also, since they can take a highly unbalanced trade, they can also offer teams looking dump salary even greater Cap relief than teams over the Cap. Every little edge counts in the Pelicans Model.

If you thought you could unbuckle once Evans was a lock . . . sorry. The clock is ticking. We don’t know if anything will happen. We don’t know how long past the start of business on July 10 that the team make the Evans trade official. We don’t know who the targets are, but we know the areas of need.

Who knows . . . maybe Dell will provide Pelicans fan some extra fireworks as early as tomorrow night.

Laissez les bons temps rouler!

Bonus: Tyreke’s brother thinks he’ll wear “1″ on his jersey.

Lagniappe: Tyreke Evans on twitter

Must Have: Dariusz Ejkiewicz, the site’s banner designer and big time Pelicans fan has provided a Tyreke Evans Wallpaper. This is the small preview image. Click the picture or go here to get the real deal.

source: Dariusz Ejkiewicz from LowGravity.pl

83 comments
Papa Pelican
Papa Pelican

The Pels are making alot of moves and getting prepared in case Howard ends up in the SW divison.Lets hop he play with the Lakers or Warriors.

vasilisGR
vasilisGR

I am very happy with Dell moves this off season adding so much talent to our roster. But all these make sense only if we trade Gordon for a legitimate starting SF who can play 30+ minutes for us.

We can t afford to pay three guards over 36m a year and at the same time having this huge black hole at SF ( I don t think Tyreke  is the answer at 3 long term).

Something tells me that Dell has already a plan for that. Who is going to be ? Deng? Granger? someone else who nobody expects? We just have to wait and see!

This off season is very exiting one!!!

Kempleton
Kempleton

Simply Wow! Dell Demps turned Vasquez (who could not get any minutes in Memphis 2 years ago) and Lopez (who was dumped by Suns) into Tyreke Evans (potential all-star caliber player) and Withey (bound to be almost as good as Lopez). Could you think of a better Buy Low - Sell High Scenario? Yes, Vasquez and Lopez performed well last year and they are very decent players but do you think they have starter quality on a championship(!) level team. Compare Vasquez with Parker, Westbrook, Rose etc. Compare Lopez to Howard, Duncan etc. And the answer is simply no. They could only be good players off the bench. Now, we potentially have a much better player off the bench in Evans and He could be a starter anytime. (Think about Ginobili!)

I think Dell Demps is an extremely talended GM. Vasquez and Lopez are players that can be replaced but they cannot be compared to Tyreke Evans. Kudos to Demps! Dealer Dell keeps rolling! :) It is very exciting to be a Pelicans fan even just to experience every summer and be excited to wait for the next move! :)


AngryCookies
AngryCookies

Full trade

Pelicans Recieve Tyreke Evans, Jeff Withey, and future 2nd rd pick

Queens Recieve Grevis Vasquez, future 2nd rd pick, and cash

Jail Blazers Recieve Robin Lopez, Terrell Harris

Michael McNamara
Michael McNamara moderator

Withey!!!!!!!

I am in love.

In Final Four two years ago, he covered AD and Sullinger. Held them to a combined 6-29. 

AD averaged 5.8 blocks per 40 minutes, leading the nation.

Withey? 5.7

Had him 17th on my big board this year. 

AngryCookies
AngryCookies

So we also get Jeff Withey but I think we should get veteran big on a one year deal

Clef504
Clef504

We also have the rights to Jeff Withey. Just saw it on BR

beefense
beefense

We don't need to sign a new starting center, we already have a guy capable on the team. Jason Smith is a true 7-footer with the ability to score from inside and out. He's improved his game every season, sets the hardest screens on the team, and is twice the player defensively Robin ever was. Not to mention his foot speed, he won't get embarrassed on pick and rolls like Lopez did over and over again.

We need to sign a cheap center to back up Smith, not to start on this team. A lineup of Jrue, Gordon, Aminu, Davis and Smith will be able to get out and run, but not sacrifice solid defense to do so. You guys remember Jason Smith blocking KD's dunk attempt with both hands? Or holding Griffin to 4 points? 

Why isn't JSmitty being discussed as the possible answer to our Center vacany?

Michael McNamara
Michael McNamara moderator

Two HUGE needs remain: Rebounding and Outside Shooting

If you could only fill one this summer, which would you chose and why?

AngryCookies
AngryCookies

Im going to miss Grevis but boy am I glad soft boy Robin is gone we better have 70 pts in paint when we Portland. I wonder how much cash and what draft picks we receive from Portland.

PelicanCajun
PelicanCajun

Could Matt Barnes be an option at the 3?

LaNative
LaNative

It is rumored that Brendan Haywood is being released by the Bobcats.  He's about 2M a year and more athletic than Lopez IMO.  What do you think about him being a part of the Pelicans rebuild?

CWelk7989
CWelk7989

Man this offseason is living up to the hype.  It is very encouraging to see how much interest people seem to be taking in the team this offseason.  Hopefully it translates to butts in the seats at the Arena. 

Just from following this organization for so long, it is clear that while there are a ton of questions about what the lineup will be, who will start, who else will we pick up, etc, one thing is clear.  Dell, with Monty's input I am sure, has a plan.  We all know each move could be just one part of a larger puzzle he is putting together.  It is nice being able to trust your GM like that, confident he will make very savy, smart moves that wont hurt the team long term.

 Now it is up to Monty to get this team together and start winning games.  Last time Monty had any kind of talent on his team (Paul/West then not much else) we took a good Laker team to six games.  The spotlight is on him now more than ever.  I am confident he will show us he is truly one of the best coaches in the league.

 On less important note but still a big deal, I am really itching to see our uniforms.  I wouldn't be surprised to see them debut the jerseys when the introduce Holiday and Evans.  It would be a goo way to convey to them that they are a huge part of this organization moving into a new era by involving them in something like that.

mateor
mateor

I like this move, pretty unreservedly. I don't know how Tyreke will play (as no one does) but this seems like a good idea now. Perhaps a slight overpay, but that is what gets you the RFA. Plus, an initial high bid scares off other suitors, which can keep the price down in the long run, as it forstalls any bidding war.

Very interesting roster, Pelicans will a very popular draw amongst basketball people!

yaboytonez
yaboytonez

Looks like we are keeping Gordon, I'm okay with that.

Papa Pelican
Papa Pelican

I hope the Pels can get an big center who is good on the offensive an defensive end.

yaboytonez
yaboytonez

Great work on the article and good call on the sign and trade! I hope we get Meyer Leonard as well or their pick from this year in Whitney. When do our jerseys drop, I need to grab 1!!

bigindian
bigindian

The new rumor is that the sign-and-trade has Lopez going to Portland and Vazquez to Sac.  Any ideas who Portland is sending out? Think we could end up with another player or pick?

prpcpa1
prpcpa1

Jason:  love your article, as always.  I'm especially appreciative of your work on the numbers.  With that being said, assuming the Evans deal goes down as a sign-and-trade involving Vasquez and Lopez, is there any scenario that we could then work a sign-and-trade with Denver for Iguodala involving Gordon?  Or is that wishful thinking in light of others on their squad?

andregurov
andregurov

The more I think about what Dell is doing - and admittedly, we are in the dark as to his long-term personnel plans - the more I believe that his opinion is that a player such as Evans at 11m a year is eminently preferable to a retread SF at 5m a year.  In other words, the difference between a player of Evans' talent and the majority of NBA SGs is MORE remarkable than the difference between a player of Brewer's talent and the majority of NBA SFs.  When presented with that choice, even if the players play different positions and with different skill sets, it is incredibly inefficient to purchase the lesser player at an inflated wage due to either limited supply or exaggerated demand (or both).  He isn't filling holes.  He is acquiring a roster of impact players, regardless of where they play.  IF they can play, they will.  

Major504
Major504

@Papa Pelican I agree. And he still is not done, I don't think. I hope not. I am more ready for the NBA then the NFL and I am a die hard Saints' fan since the day I was born. Now a die hard Pelicans' fan as well.

Sportgeek4
Sportgeek4

I fell in love with him in last year's tourney as well-- made some big time athletic blocks! Block party will come to Nola after all...

Clef504
Clef504

I like him, but I think it's time to go with AD at Center. Our team is together, just need to build chemistry.

Holiday

Gordon

Evans

Anderson

Davis

504ever
504ever

@Michael McNamara  

Outside shooting!  It's harder to find and it helps space the floor for you entire offense.  Just look at what it did for the Spurs in the Finals.

Major504
Major504

@Michael McNamara Now I would go with rebounding. We have scorers all over the court so somebody has to rebound. I'm down with bringing AFA back, and hopefully signing D Wright and we still get a shooter as well. AFA will fit in perfectly, all he has 2 do now is play D, rebound, and run the floor. With all the ball handlers we have now he wont have to dribble much at all, he can just be a slasher. 

adogg57
adogg57

And how exactly do you plan on getting AK to the Pelicans?

yaboytonez
yaboytonez

From what I just read Gordon has to sign off on any trade we make involving him up until July 10th. After that all bets are off and he can be moved to whatever team gives Dell the best offer. He may not be in the fold after all.

Papa Pelican
Papa Pelican

Victor Claver could be the player the Pels will get back would be a decent 2nd SF but i wish it's Myers Leonard or the draft rights of Jeff Withney.

Jason Calmes
Jason Calmes moderator

@prpcpa1 It is doable. I think it is not likely this Summer, but what do I know? These things are often quite hard to predict. The Cap, however, is no obstacle to what you propose, at least with current salaries.

xulapaul
xulapaul

@andregurov  

Well put.  I agree.  Also, we shouldn't forget that this is still a rebuilding process.  You could hardly expect Demps to put together all of the pieces for a championship contender in two seasons.  As I look at this team now, I see two pieces that are clearly part of the future: Davis and Holliday.  Gordon, Evans, and Anderson could all potentially be moved down the road for better and more appropriate players as we see how the team gels.  

Clef504
Clef504

Portland will send Jeff Withey to Pelicans as part of 3-team deal, league source tells Y!

From Adrian Wojnarowski per twitter

beefense
beefense

@RonJohn63 @beefense I've heard people bring this up before, but I don't quite buy it. Kenneth Faried is Denver's "energy guy", a guy that plays all out and runs hard, yet he averaged about 28 minutes per game for them last season. Smith averaged 17, hardly starters minutes, injuries happen to every player. I don't see why Smith couldn't play 20-25 minutes a game for this team

rfmoldaner
rfmoldaner

@PelicanCajun @AngryCookiesExactly.  If people would take the time to read the links that people post, they would see that every article says NOTHING comes back to the Pelicans from POR.  But everyone keeps posting; " I  hope we get this guy. I wonder what picks we're getting?"   The one t hing we do get is we dont have to pay that $1.5M trade kicker in Lopez' contract.  Don't think it affects the cap in any way, but it affects Mr. Benson's pocket.

504ever
504ever

@bigindian  

Lopez goes to Portland, so scratch the guards comment above.

prpcpa1
prpcpa1

@Jason Calmes @prpcpa1 I guess what I'm really asking is if that is something that both teams would consider or is it just something to mollify the Gordon-haters in N.O. (which I am not one)?