Reports: Bucks near deal with Mayo
MILWAUKEE - The Milwaukee Bucks are becoming buyers in the NBA free agent market as they start to reconstruct their team.
News came Wednesday afternoon, as the Bucks reportedly got close to a deal with guard O.J. Mayo.
Milwaukee is nearing a deal to sign free agent guard O.J. Mayo, league sources tell Y Sports.— Adrian Wojnarowski (@WojYahooNBA) July 3, 2013
His brother, Todd Mayo, plays at Marquette.
Armed with vets like Larry Sanders and Ersan Ilyasova, an athletic 18-year-old first round draft pick, a multi-faceted second rounder and two additional second round picks for what could be much deeper drafts than last week's, they're now starting to seek out opportunities with free agents.
Just Wednesday, reports flew of two players the Bucks are hoping to ink:
- Eight-year veteran shooting guard J.R. Smith
- 10-year veteran small forward Kyle Korver, who played for Larry Drew in Atlanta
Bucks may be the team that makes a big offer to J.R. Smith http://t.co/i7IzSpieH8— Kurt Helin (@basketballtalk) July 3, 2013
Why do Nets now believe they no shot at sharpshooter Kyle Korver? Word is Bucks, for one, offering Korver three-year deal worth $20 million— Marc Stein (@ESPNSteinLine) July 3, 2013
However, reports later on Wednesday seemed to quell the Smith-to-Bucks discussion.
Free agent guard J.R. Smith is nearing an agreement to re-sign with the New York Knicks, league sources tell Y! Sports.— Adrian Wojnarowski (@WojYahooNBA) July 3, 2013
Kyle Korver is staying with Atlanta on four-year deal worth estimated $24 million, sources tell ESPN— Marc Stein (@ESPNSteinLine) July 4, 2013
Why are the Bucks so active? It's not just the need to fill spots and find talent.
The Bucks must, according to the NBA collective bargaining agreement, spend 90 percent of the salary cap on players.
The cap looks to be around $58 million or more for the 2013-14 season.
As of Wednesday, the Bucks have about $32.5 million spent of that cap. That means about $20 million/year left to spend.
There's still that matter, however, of trying to keep Brandon Jennings in a Bucks uniform.
He reportedly wants to stay in Milwaukee, but for how long? Just one year before becoming an unrestricted free agent? Or long term?