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Peso extends decline in morning trade after Fed raises key rate

The Philippine peso extended its drop on Thursday after the US Federal Reserve lifted its benchmark interest rate and signals possible acceleration in hikes......»»

Category: financeSource: philstar philstarJun 14th, 2018

Peso breaches P53:$1 level

THE Philippine peso continued to weaken on Wednesday, breaching the P53.09:$1 level in morning trade. The local currency opened at P53 to the dollar, five centavos weaker than the closing rate of P52.95:$1 on Monday. Analysts said earlier this week that geopolitical developments and worries over an expected US interest rate increase announcement were weighing down the [...] The post Peso breaches P53:$1 level appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 13th, 2018

Peso hits P52:$1 level

THE Philippine peso continued to weaken on Wednesday, hitting P52:$1 in morning trade. The local currency opened at P52.03 per US dollar, five centavos weaker than the closing rate of P51.98:$1 on Tuesday, before trading between P51.98 and P52.05 against the greenback. The last time the local unit breached the P52:$1 territory was 11 years ago or [...] The post Peso hits P52:$1 level appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsFeb 14th, 2018

Peso extends decline vs dollar

THE PESO continued to decline against the dollar yesterday following the release of local trade data for November, which further underscored the “weakness” in the country’s external payments position. The local currency closed Wednesday’s session at P50.38 versus the greenback, losing nine centavos from its P50.29-per-dollar finish on Wednesday. The peso opened weaker at P50.35 […] The post Peso extends decline vs dollar appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 10th, 2018

Blockbuster trade not what Kawhi, DeRozan hoped for

By David Aldridge, TNT Analyst Kawhi Leonard’s turbulent last days with the San Antonio Spurs ended Wednesday morning (late Wednesday, PHL time) with a trade that neither major party involved in the deal liked. The Spurs traded Leonard, the 2014 Finals MVP, two-time Defensive Player of the Year and two-time All-Star, along with veteran guard Danny Green, to the Toronto Raptors for four-time All-Star DeMar DeRozan, second-year big man Jakob Poeltl and a 2019 first-round Draft pick, which is protected from 1-20 next year. In doing so, San Antonio ended a relationship with the player that was poised to be the Spurs’ next lynchpin, but who had grown disenchanted with the franchise and wanted out. Leonard wanted to be traded to Los Angeles, closer to his hometown of Moreno Valley, Calif. He preferred the Lakers, and made that known in June, but was not averse to playing with the LA Clippers. However, the Spurs were adamant that they would not trade him to a Western Conference team, even though there was a strong likelihood that he would only stay with any team that traded for him until next year. That is when he would likely opt out of his contract, become a free agent and go to Los Angeles. Even though the 27-year-old Leonard told the Raptors in conversations between Toronto and his camp over the last week that he did not want to go there, the Raptors were willing to take the chance, anyway. DeRozan sought assurances from the Raptors that he wasn’t being moved in recent days. Both he and his representatives met with Raptors officials during NBA Summer League in Las Vegas, according to a source, at which time Toronto insisted that it wasn’t going to trade him. Now, DeRozan feels “lied to,” the source said, and, while having no personal grudges with the Spurs, is extremely upset at the deal. Meanwhile, @DeMar_DeRozan not backing off of claim he was lied to by Toronto regarding a potential trade, per source. Extremely upset. — David Aldridge (@daldridgetnt) July 18, 2018 Leonard also is not happy at going to Toronto, for several reasons, including the higher taxation rate in Canada than in Texas, which has no state income tax. Leonard’s camp had informed the Spurs he didn’t want to go there, but the Spurs made no promises either way. San Antonio had had significant discussions with the Philadelphia 76ers -- a team Leonard would have given a fair shake at convincing him to stay had it been able to make a deal with San Antonio. But the 76ers were unwilling to include guard Markelle Fultz, the former first pick overall in the 2017 Draft, or forward Dario Saric in any package proposals for Leonard. Leonard only played in nine games last season, citing an injured quad muscle that did not respond to treatment. But privately, Leonard was unhappy with what he thought was bad advice from the Spurs’ medical staff, and sought advice from his own group of doctors, removing himself from San Antonio to continue treatments in New York as the regular season ended and playoffs began. The Spurs did not push Leonard during his rehab, and referred questions about his status during their first-round series with the Golden State Warriors to his camp. Leonard’s uncle has acted as his agent for the last couple of years. Spurs coach Gregg Popovich informed Leonard’s camp of the trade early Wednesday (Wednesday, PHL time) in what was deemed a “cordial” conversation, according to a source. However, given the trade, Leonard is now contemplating not taking part in next week’s USA Basketball minicamp in Las Vegas. A final decision has not yet been made. For his part, the 28-year-old DeRozan let his feelings be known in an Instagram post early Wednesday (Wednesday, PHL time), saying in part, “Ain’t no loyalty in this game” after being dealt from the only team he’s played for in nine NBA seasons, and for whom he has been nothing but a first-class ambassador. The Raptors took DeRozan with the ninth pick in the 2009 Draft, during which time DeRozan became the franchise’s leader in several categories, including games, points and minutes played. He grew as the franchise did, helping lead it to the most successful period in its history alongside his close friend and All-Star teammate, Kyle Lowry. The backcourt did ads together, took vacations together with family and led Toronto to franchise records for wins, reaching the Eastern Conference finals in 2016. At every turn, DeRozan expressed happiness at playing for and living in Toronto, even as he had to make several cross-country trips last season to be with his ailing father in Los Angeles. DeRozan remade his game as part of the “culture reset” demanded by general manager Masai Ujiri after Toronto was beaten in the playoffs by LeBron James and the Cavaliers in 2017 -- a familiar outcome, as James and Cleveland beat the Raptors in three straight postseasons. DeRozan relied less on isolation sets than he had in years past, trying to move more without the ball and give it up so others could be more involved. Toronto won a franchise-best 59 regular season games last season and was the top seed in the Eastern Conference. However, Toronto suffered another playoff loss to Cleveland, this time a 4-0 sweep. It was especially galling considering the Cavaliers had been extended to a seventh game in their first-round series with Indiana, yet still managed to rally from a double-digit deficit to shock the Raptors in Game 1 in Toronto. The Cavs then cruised the rest of the way in the series. Ujiri fired coach Dwane Casey afterward, ultimately picking assistant coach Nick Nurse as Casey’s successor. But the reset of the team wasn’t complete. The Raptors believe strongly in their young core group of players, all of whom have been developed by Toronto the last few seasons -- guards Fred Van Vleet and Delon Wright, forward O.G. Anunoby and big man Pascal Siakham. Toronto initially opted to keep its existing vets around the kids, giving DeRozan a five-year, $138 million extension in 2016, then giving Lowry and forward Serge Ibaka extensions last summer – Lowry got a three-year, $100 million deal and Ibaka got a three-year, $65 million deal. However, after the latest playoff debacle, the Raptors let it be known around the Draft that none of their players were untouchable. If Toronto can get Leonard on board, the Raptors would have a potentially dynamic defensive group on the wings, with Leonard and Anunoby capable of guarding multiple positions. Ibaka isn’t the defender he was in Oklahoma City, where he was first team all-Defensive three years in a row, but he’s still a plus defender at his position. The 31-year-old Green is entering the final year of his contract. Long considered one of the best two-way guards in the game, Green was outstanding in the Spurs’ seven-game loss to the Heat in the 2013 Finals, making 27 3-pointers in the series en route to setting a Finals record. Poeltl, 22, was taken ninth overall by Toronto in the 2016 Draft. He worked his way quickly into the Raptors’ rotation, averaging 6.9 points and 4.8 rebounds last season. Longtime NBA reporter, columnist and Naismith Memorial Basketball Hall of Famer David Aldridge is an analyst for TNT. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsJul 19th, 2018

Peso drop not a sign of economic weakness

The Philippine economy remains strong despite a weakening peso, the Finance department said on Friday as it blamed the depreciation on outside factors such as a brewing trade war between the United States and China. “Exchange rate movements — whether depreciation or appreciation — should not be taken as a sign of structural weakness in [...] The post Peso drop not a sign of economic weakness appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 30th, 2018

Peso falls to P53.51:$1; risk-off sentiment cited

The Philippine peso fell to a fresh 12-year low on Thursday, closing at P53.515 against the dollar due to factors such as the country’s widening trade deficit, tariff wars between the world’s biggest economies and more US Federal Reserve rate hikes. The currency, which has been described as Asia’s worst-performing this year, closed 4 centavos down [...] The post Peso falls to P53.51:$1; risk-off sentiment cited appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 29th, 2018

Peso touches 12-year low

The Philippine peso hit its lowest level in almost 12 years during intraday trading yesterday as traders braced themselves for the possibility of more capital outflows next month. The local currency declined to as low as P52.60 to the dollar during the morning session after the US Federal Reserve released details from their latest meeting pointing to the possibility of a rate hike in June. Higher interest rates in the world's largest economy make investing in securities more attractive, resulting in investors selling pesos to buy dollars. The peso opened the session weaker at 52.50 and slid to 52.60 --- the lowest since July 2006 --- before recovering slightly to 52.45 to a doll...Keep on reading: Peso touches 12-year low.....»»

Category: newsSource:  inquirerRelated NewsMay 24th, 2018

Peso continues to drop

THE PESO continued to decline against the dollar on Thursday due to strong dollar demand  following the release of data showing a wider Philippine trade deficit. The local currency ended yesterday’s session at P50.80 versus the greenback, nine-and-a-half centavos weaker than its P50.705-per-dollar close on Wednesday. This is the peso’s weakest close in nearly two […] The post Peso continues to drop appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 18th, 2018

Peso weakens further as players position ahead of Fed rate hikes

THE PESO extended its decline against the greenback and sank deeper within the P50-per-dollar level on Tuesday as market players position ahead of expected rate hikes from US Federal Reserve this year. The local currency ended yesterday’s session at P50.29 against the greenback, 14 centavos weaker than its P50.15-per-dollar finish on Monday. The peso traded […] The post Peso weakens further as players position ahead of Fed rate hikes appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 9th, 2018

Peso extends decline vs dollar

THE PESO plunged against the dollar on Wednesday due to upbeat sentiment on the US tax package and cautiousness over US employment data. The local currency ended Wednesday’s session at P50.71, eight centavos weaker than its P50.63-per-dollar finish on Tuesday. The peso opened weaker at P50.71 against the greenback. Its worst showing for the day […] The post Peso extends decline vs dollar appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 6th, 2017

Peso seen to move sideways vs dollar

THE PESO is seen to trade sideways this week as weaker-than-expected US inflation data keep the market doubtful of a Federal Reserve rate hike for now, but will be offset by safe-haven buying amid rising North Korea tensions. The peso on Friday rebounded to P51.39 versus the greenback due to profit taking after touching its year-to-date low […] The post Peso seen to move sideways vs dollar appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsOct 16th, 2017

DOJ indicts Peter Lim for drug trade conspiracy

The Department of Justice filed yesterday morning two counts of conspiracy to commit illegal drug trading against Cebu businessman Peter Go Lim before the Makati City regional trial court......»»

Category: newsSource:  philstarRelated NewsAug 11th, 2018

Two months after trade, Jeff Chan is PBA champion anew

MANILA, Philippines – Trades are complicated. They could sometimes have a hand in the rise or decline of a player's career.  In Jeff Chan's case, his recent trade to Barangay Ginebra led to achieving success earlier than he initially expected. Less than two months after he was shipped by the Phoenix ........»»

Category: newsSource:  rapplerRelated NewsAug 10th, 2018

Cebu Pacific reports 23.6% drop in H1 profit

The operator of budget airline Cebu Pacific Air saw profits decline in the first semester of 2018 as higher costs, led by the higher price of oil and the weaker peso, squeezed margins. Cebu Air Inc.....»»

Category: newsSource:  philippinetimesRelated NewsAug 10th, 2018

Trade deficit further widens in June 2018

The country’s trade deficit more than doubled in June as exports continued to decline and imports grew steeply, the Philippine Statistics Authority reported yesterday......»»

Category: financeSource:  philstarRelated NewsAug 8th, 2018

Markets Down on Inflation Worries

Anticipation of a fresh hike in the Bangko Sentral ng Pilipinas’ (BSP) key rates later this week resulted in losses in both the Philippine Stock Exchange index (PSEi) and the Peso Tuesday. BSP’s policy-making Monetary Board (MB) will have its fifth rate setting meet for the year on Thursday and it is widely expected to […].....»»

Category: newsSource:  metrocebuRelated NewsAug 8th, 2018

Weak peso fails to lift Philippine exports in June 2018

MANILA, Philippines – Despite economic managers' confidence that a weak peso would improve the country's exports, the Philippines posted a wider trade deficit in June. The Philippine Statistics Authority (PSA) said on Wednesday, August 8, that total exports sagged by 0.1% in June to $5.700 billion from $5.704 billion ........»»

Category: newsSource:  rapplerRelated NewsAug 8th, 2018

DA s 2018 NBA Offseason Rankings: The Bottom 10

By David Aldridge, TNT Analyst Wonder what the rental market is like in San Luis Obispo, Calif. San Luis Obispo is, give or take a few miles, one of the closest cities that is near the midway point between Los Angeles and San Francisco. Given the events of the NBA’s offseason, it’s not hare to imagine national reporters are going to be spending a lot of time in California next season, bouncing back and forth between the Bay and L.A. Catch LeBron James and the Lakers on Wednesday and then, Stephen Curry, Kevin Durant and the Warriors on Thursday. The Western Conference only got stronger and deeper with James leaving Cleveland for a second time, this time to go to the Lakers. Add four of the top five Draft picks -- including No. 1 overall selection Deandre Ayton (Phoenix Suns), No. 2 pick Marvin Bagley III (Sacramento Kings) and international phenom Luka Doncic (No. 3 pick, acquired by Dallas Mavericks) -- going to Western Conference teams, and the talent disparity between conferences only seems greater. But did Eastern Conference teams take advantage of Cleveland deflating to make their teams better? And how effective were West teams in making their teams better prepared to at least compete with the Warriors? That’s where this year’s Offseason Rankings come in -- big, bold, definitive. You love them, if the amount of hate tweets and e-mails I get after they’re published are any indication. Every year, we rank how all 30 teams have done since the end of their respective seasons. We look at everything -- how they drafted, what trades they made, what players they signed in free agency, and for how much -- or if they didn’t participate in free agency much at all. We look at if they’ve changed coaches, executives, owners, or if they’re moving into a new building that can generate big revenues. And you have to decide which ones you liked the most. Here's what these rankings ARE NOT: A predicted order of finish for next season. It's an opinion that seeks to answer a question: is the team better now than at the end of last season? The ranking reflects the belief on whether, and how much, that is so. (I liked certain guys who were in the Draft more than others, so if your team took them, I probably weighed it more positively. Doesn't mean I'm right.) I do not expect the Suns, for example, to have a better record than the Celtics, just because they had a better summer. It is not a ranking of the teams in order from 1 through 30 right now; I do not believe the Mavericks are now a better team than Rockets. This is just one person’s opinion about offseason moves -- offseason moves only. Is your team better now than it was before? - If your team is ranked in the top 10, it doesn't mean I love your team.       - If your team is ranked in the bottom 10, it doesn't mean I hate your team. It's an opinion that seeks to answer a question: is the team better now than at the end of last season? The ranking reflects the belief on whether, and how much, that is so. (I liked certain guys who were in the Draft more than others, so if your team took them, I probably weighed it more positively. Doesn't mean I'm right.) What plays into the rankings: - This isn’t science. It’s an educated guess, weighing the impact both of the Draft and free agency, but also assessing whether teams got value in their free-agent signings. Overpaying the right player is as much a sin as signing the wrong player. A good new coach can coax some more wins out of a roster. But if a team’s players don’t believe in the system their team uses, the best Xs and Os on earth don’t matter.       - Teams that are rebuilding obviously have different priorities than teams making a championship push. That's factored in. So Chicago, for example, gets credit for adding young, affordable players as it stockpiles its talent -- but that talent has to fit together, as Wendell Carter Jr. does with Lauri Markannen. And a team like the Warriors that shows it’s willing to go deep into the luxury tax -- which most teams try to avoid -- in order to keep winning has to be commended, and its rankings reflect that commendation.       - Continuity matters here as well. The most successful teams usually not only identify a core group of players, they keep them together for a while, finding that sweet spot: everyone doesn’t get a max contract, but most get paid well enough to keep the train moving down the tracks. That reflects both good roster construction and good financial management -- and, again, is rewarded. The explosion in the cap means everyone has to spend; keeping your powder dry for another day doesn’t have as much cache as it used to. But you still have to manage your money wisely. Salary numbers, with a couple of exceptions, come from Basketball Insiders, whose Eric Pincus does the best job of anyone in the game of keeping track of all the moving financial parts, quickly and accurately -- which is why we use him at NBA TV during the Draft and free agency to tell us what the hell this all means. The Bottom 10 * * * 21. DETROIT PISTONS 2017-18 RECORD: 39-43; missed playoffs ADDED: Coach Dwane Casey; New executive Ed Stefanski; G Bruce Brown (No. 42 pick, 2018 Draft); G Jose Calderon (one year, $2.3 million); C Zaza Pachulia (one year, $2.3 million); G/F Glenn Robinson III (two years, $8.3 million); G Khyri Thomas (No. 38 pick, 2018 Draft) LOST: Former coach Stan Van Gundy; G Dwight Buycks (waived); F/C Eric Moreland (waived); F Anthony Tolliver (signed with Wolves) RETAINED: None THE KEY MAN: F Blake Griffin. And he will be for some time. The Pistons need him to be his former All-Star self again, able to take slower defender to the basket, able to stretch the floor if he plays the five in small-ball lineups. They need him to be a playmaker, to get Reggie Jackson more looks off the ball and Andre Drummond some high-low lobs at the rim. They need him to sell tickets at Little Caesars Arena in Detroit’s revitalized downtown -- a building that seems to be more for the NHL’s Red Wings than the NBA’s Pistons. And they need Griffin to be an anchor that draws players to the Motor City during the life of his extension. THE SKINNY: Owner Tom Gores agonized over firing Van Gundy, but he finally did so, and was fortunate that Casey was available and willing to step right back into the fray after being cashiered in Toronto. Casey will be quite in his element building a defense around Drummond, but, like Van Gundy, Casey will need Jackson to stay healthy; he’s missed a combined 67 games the last two seasons. Detroit did well for not having a first-round pick to come out of the Draft with two solid guard prospects deep in the second in Thomas and Brown. However, the new coaching staff will have to get more out of the team’s last three first-rounders: Stanley Johnson (2015), Henry Ellenson (2016) and Luke Kennard (2017). 22. BOSTON CELTICS 2017-18 RECORD: 55-27; lost in Eastern Conference finals ADDED: G Brad Wanamaker (one year, $838,000); C Robert Williams (No. 27 pick, 2018 Draft) LOST: G Shane Larkin (signed to play in Turkey); F Abdel Nader (traded to Thunder) RETAINED: C Aron Baynes (two years, $10.6 million); F Jabari Bird (two years, $3 million), G Marcus Smart (four years, $52 million) THE KEY MAN: F Gordon Hayward. All indications are he’s well on his way back from that horrific injury he suffered on opening night last season. He can do so many great things in coach Brad Stevens’ system, and if he’s 100 percent by the playoffs, Boston may well be the one team that can match up, player for player, with Golden State in a Finals meeting. (Remember this when people inevitably say I ranked the Celtics 23rd in offseason moves.) THE SKINNY: Boston got its biggest work done after Smart couldn’t loosen up an offer sheet from the Sacramento Kings or Dallas Mavericks, and eventually worked out a deal for less than he sought to return. Smart’s deal puts Boston in the tax for the foreseeable future, but the Celtics knew that was the next step in keeping a Finals-capable core group together. With Kyrie Irving and Hayward expected back on line Stevens can throw so many different lineups out there, all committed to stifling opponent movement with long, switching defenders led by Smart, Jaylen Brown and Jayson Tatum. Williams was worth an end of the first flier, though he didn’t get off to a great start. If he gets a good wake-up alarm on his phone, he has a chance to be the Celtics’ center of the future. 23. PHILADELPHIA 76ERS 2017-18 RECORD: 52-30; lost in Eastern Conference semifinals ADDED: F Wilson Chandler (acquired from Nuggets); F/C Mike Muscala (acquired from Hawks); G Zhaire Smith (No. 16 pick, 2018 Draft); G Landry Shamet (No. 26 pick, 2018 Draft); G Shake Milton (No. 54 pick, 2018 Draft) LOST: Former GM Bryan Colangelo (resigned); F Justin Anderson (traded to Hawks); G Marco Belinelli (signed with Spurs); F/C Richaun Holmes (traded to Suns); F Ersan Ilyasova (signed with Bucks); G/F Timothe Luwawu-Cabarrot (traded to Thunder) RETAINED: C/F Amir Johnson (one year, $1.5 million); G T.J. McConnell (picked up team option); G J.J. Redick (one year, $12.2 million) THE KEY MAN: G Markelle Fultz. His rookie year laid waste by a combination of injury and the yips -- which the Sixers have finally copted to -- Fultz is reportedly rebuilding his shot successfully under the learned eye of development coach Drew Hansen. If that carries over to the fall, Fultz will get a true opportunity (he had some cameos late in his rookie season) to show a skeptical Philly fan base he was worth the top pick in 2017, and worth Philly trading up to get him. He definitely could fill a need with the 76ers for a second playmaker to go with and occasionally in place of reigning Kia Rookie of the Year winner Ben Simmons. But if Fultz has another setback, physically or otherwise, it will be hard for him to stick much longer in Philly -- not a town known for patient reflection with regard to its sports teams. THE SKINNY: Coach Brett Brown was quite clear when he said the Sixers were hunting for a superstar this summer with the cap space they’d assiduously cleared the last couple of years. But the summer has come and gone and there’s no LeBron, no Kawhi, no trade, at least not yet, for Jimmy Butler or anyone else at that level. Belinelli and Ilyasova both played huge roles for Philly in the playoffs; maybe Fultz (see above) takes on some of that role, and Chandler will help. But this doesn’t feel like a successful offseason for one of the real risers in the East. 24. PORTLAND TRAIL BLAZERS 2017-18 RECORD: 49-33; lost in first round ADDED: G Seth Curry (one year, $2.7 million); G Nik Stauskas (one year, $1.6 million); G Anfernee Simons (No. 24 pick, 2018 Draft); G Gary Trent Jr. (No. 37 pick, 2018 Draft) LOST: G/F Pat Connaughton (signed with Bucks); F/C Ed Davis (signed with Nets); G Shabazz Napier (signed with Nets); C Georgios Papagiannis (waived) RETAINED: C Jusuf Nurkic (four years, $48 million) THE KEY MAN: Assistant coaches David Vanterpool, Nate Tibbets, Dale Osbourne, Jim Moran, John McCullough and Jonathan Yim. With the Blazers mostly landlocked the next two seasons -- they’re currently above the projected luxury tax line both for next season and 2019-20 -- there aren’t likely going to be many significant roster changes for a while. And in the West, especially, standing pat is often falling behind. It will thus fall to Portland’s excellent staff behind coach Terry Stotts to maximize the production of the current group. They can point with some pride to success stories like Will Barton and Allen Crabbe, now in Denver and Brooklyn, respectively, along with Maurice Harkless and Al-Faroqu Aminu. For Portland to take another step up, they’ll have to coach up someone like 2017 first-rounder Zach Collins or this year’s first-rounder, Simons. They must have them exceed expectations to become a third legit star behind Damian Lillard and C.J. McCollum. THE SKINNY: Lillard insists the rumblings heard in some quarters that he’s unhappy in Portland aren’t true, and the franchise better hope he’s being honest. The decisions the Blazers made in 2016 continue to lock them in place; if they catch a favorable first-round matchup (a grumbling Rockets team in 2014; an injury-strafed Clippers squad in 2016), they can advance a round. But last year’s 4-0 sweep by the New Orleans Pelicans had to give everyone pause. How does Portland respond mentally? Re-upping Big Nurk in the middle on a very reasonable deal -- $12 million for a starting center was the going rate five years ago, when the Wolves gave Nikola Pekovic a five-year, $60 million contract -- was necessary. But losing Davis, a locker room and fan favorite for superior work ethic, will hurt, even though Collins should sop up a lot of those minutes. 25. ORLANDO MAGIC 2017-18 RECORD: 25-57; missed playoffs ADDED: Coach Steve Clifford; C Mohamed Bamba (No. 6 pick, 2018 Draft); G Isaiah Briscoe (three years, $3.9 million); F Melvin Frazier (No. 35 pick, 2018 Draft); F Jerian Grant (acquired from Bulls); F Justin Jackson (No. 43 pick, 2018 Draft); F Jarrell Martin (acquired from Grizzlies); C Timofey Mozgov (acquired from Hornets) LOST: C Bismack Biyombo (traded to Hornets); G Mario Hezonja (signed with Knicks); C Dakari Johnson (traded to Grizzlies); G Shelvin Mack (waived); G Rodney Purvis (traded to Thunder) RETAINED: F Aaron Gordon (four years, $82 million) THE KEY MAN: G D.J. Augustin. A vet’s vet, he’s played 10 years in the league and started 226 games for eight teams, including 56 over the last two for the Magic. He’ll enter this season as the unquestioned starter at the point with Elfrid Payton in New Orleans and Orlando still looking to solve its long-term search for a point guard. It’s Augustin’s turn. THE SKINNY: At some point, Orlando’s yearly gambles on size and potential will pay off. Bamba could be the goods; he’s got a demeanor and toughness that should keep him together while he learns the craft at the pro level. But -- again -- it will take some time for Bamba, like 2017 first-rounder Jonathan Isaac, and Gordon, in whom Orlando invested a sizeable sum in July, to flourish. And Magic fans rightly can ask exactly how long they’re to remain patient. Clifford is supposed to improve the defense, but so was Frank Vogel … and so was Scott Skiles … and so was Jacque Vaughn. 26. NEW ORLEANS PELICANS 2017-18 RECORD: 48-34; lost in Western Conference semifinals ADDED: G Tony Carr (No. 51 pick, 2018 Draft); G Elfrid Payton (one year, $3 million); F Julius Randle (two years, $17 million) LOST: C DeMarcus Cousins (signed with Warriors); G Rajon Rondo (signed with Lakers) RETAINED: G Ian Clark (one year, $1.7 million); F Nikola Mirotic (picked up player option) THE KEY MAN: Owner Gayle Benson. Mrs. Benson took control of the team after the death of her husband, Tom, last March. She displayed great grace in the days and weeks after Tom Benson’s death, making it clear at the time she had no interest in selling the team and would continue to make outlays to keep the team competitive. The Pels didn’t blink last summer giving Jrue Holiday $126 million, and that will have to remain the case going forward if New Orleans is to repeat its surprising run to the Western Conference semifinals last spring. THE SKINNY: Can’t lose your starting point guard and your starting All-Star center in one offseason -- no matter what the circumstances -- and come out of it with high offseason marks. And especially when Rondo seemed like the perfect fit for the team. Mirotic mentioned during the Warriors series how good Rondo was at picking him up and connecting him quickly with the team after he was traded to New Orleans from Chicago. And, yes, coach Alvin Gentry mentioned he may have exchanged cusses with Rondo every now and again, too. Life in RondoWorld. The path forward is narrower, but not impassible; Randle can be tantalizing at times, maddening at others, but he could plug-and-play at the four, and he can take some of the playmaking burden off of Holiday. But big minutes on the ball for Holiday again is not what New Orleans had in mind. Payton is going to have to perform immediately. And losing “Boogie” Cousins is a big minus. It’s not what the Pelicans gave up to get him. It’s the fit and flow he had with Anthony Davis before the injury, and what the promise of a return this season could have meant toward carrying the momentum of last year forward. 27. MINNESOTA TIMBERWOLVES 2017-18 RECORD: 47-35; lost in first round ADDED: F Anthony Tolliver (one year, $5.7 million); G Josh Okogie (No. 20 pick, 2018 Draft); F Keita Bates-Diop (No. 48 pick, 2018 Draft) LOST: C Cole Aldrich (waived); F Nemanja Bjelica (signed with Kings) RETAINED: G Derrick Rose (one year, $1.5 million) THE KEY MAN: Vikings QB Kirk Cousins. He signed for big, big money by NFL standards (three years, $84 million), and the Vikings have Super Bowl aspirations. So all the light will be on the Vikes most of the fall and winter in Minneapolis, keeping it off of the still-young Wolves, who won’t be able to sneak up on anyone after breaking their long postseason drought. THE SKINNY: The Wolves should be positioned to build on their playoff run, especially if Butler can get through a full season healthy and Karl-Anthony Towns adds consistency to his prodigious talents. But they didn’t do much in the offseason, and the team that they beat out on the last day of the regular season, Denver, looks to be much improved. Tolliver should help the Wolves’ depth; they essentially traded him for Bjelica, and he shot slightly better on 3-poiners last season than Belly. Plus, they don’t come better as a guy than Tolliver and he can help Minnesota in the locker room. The issue of Butler’s contract isn’t going away; there will be a reckoning at some point, and he’ll have a lot more options next summer than free agents had this summer. Until then, coach Tom Thibodeau has pretty much the same team that he has to cajole better defense out of next season (22nd in Defensive Rating; 17th in points allowed). 28. CHARLOTTE HORNETS 2017-18 RECORD: 36-46; missed playoffs ADDED: Coach James Borrego; GM Mitch Kupchack; C Bismack Biyombo (acquired from Magic); F Miles Bridges (No. 12 pick, 2018 Draft); G Devonte' Graham (No. 34 pick, 2018 Draft); F Arnoldas Kulboka (No. 55 pick, 2018 Draft); ; G Tony Parker (two years, $10.2 milliion) LOST: G Michael Carter-Williams (signed with Rockets); C Dwight Howard (traded to Nets); C Timofey Mozgov (traded to Magic); G Julyan Stone (traded to Bulls) RETAINED: None THE KEY MAN: C Cody Zeller. It’s a guess -- Borrego could opt for Frank Kaminsky III -- but Zeller would seem to be the replacement at center for Dwight Howard, who wound up in Washington after the Hornets traded him to the Nets. Zeller started 58 games two years ago and was very good in screen and rolls with Kemba Walker. Zeller only played in 33 games last season because of a left knee injury; if he returns to form, the Hornets could pick up offensively and actually have a little more diversity at that end than last season. THE SKINNY: Team owner Michael Jordan cleaned house after a disappointing 2017-18, bringing another Tar Heel back home in the veteran Kupchak. Kupchak dispatched Howard and then got Mozgov’s guaranteed 2019-20 season off his books to take back Biyombo, who’d left Toronto two years ago for $72 million from the Magic and who’s got a player option for 2019-20. Well before then, the Hornets are going to have to decide what to do with Walker, who’ll be one of the top free agents available next summer if Charlotte can’t get him re-signed or extended. The Hornets were 8.8 points worse when the two-time All-Star was off the court rather than on. Nicolas Batum has to make a return to the all-around talent that enticed Charlotte to trade for him and give him a $120 million extension; he averaged just 11.6 points per game last year, his lowest in three years. Howard’s presence in the paint may have clogged things up some, but that’s no longer the case. 29. CLEVELAND CAVALIERS 2017-18 RECORD: 50-32; lost in The Finals ADDED: F Channing Frye (one year, $2.3 million); G Collin Sexton (No. 8 pick, 2018 Draft) LOST: G Jose Calderon (signed with Pistons); F Jeff Green (signed with Wizards); F LeBron James (signed with Lakers); C Kendrick Perkins (waived); F Okaro White (waived) RETAINED: F Kevin Love (contract extension) THE KEY MAN: GM Koby Altman. Altman has a blank slate now after trying to steer a championship-contending ship that had been stripped of a few propeller blades in the last 13 months. With James gone, as well as former GM David Griffin, the 35-year-old Altman has team owner Dan Gilbert’s charge to rebuild the Cavs without taking them down to the studs (as the Cavs did after James first departure in 2010). Altman’s next task after working out Kevin Love’s $130 million extension is clearing the roster of all the veterans brought in the last three years mainly because of their ability to play off of James. THE SKINNY: There weren’t any widespread jersey burnings this time in the Land. James left for L.A. with relative good will from his hometown, having delivered the championship it had waited 52 years for in 2016. Truly, the Cavs’ rebuild started the minute Kyrie Irving demanded a trade; last season seemed more rearguard action than an attack at another title. Extending Love through 2023 with no outs -- keeping him locked with rookie Sexton through the latter’s last controllable season before hitting unrestricted free agency -- gives Cleveland a base upon which to build. Cap room will follow in 2019, but next season will be difficult; Sexton has a lot of toughness and potential, but rookie point guards tend to get their lunch handed to them. 30. MIAMI HEAT 2017-18 RECORD: 44-38; lost in first round ADDED: None LOST: None RETAINED: G Wayne Ellington (one year, $6.2 million); F/G Derrick Jones Jr. THE KEY MAN: G Josh Richardson. Like many of his teammates, Richardson got an extension a couple of years ago -- four years and $42 million. Last season, he was (again) a solid two-way player for Miami -- almost 13 points per game, 84.5 percent from the line, 37.8 percent on 3-pointers. But if the Heat is going to shake out of the middle lane in which it currently seems stuck, Richardson will have to expand. Miami’s current roster makes it complicated; Pat Riley thinks Richardson’s probably more of a two, but he plays mostly three for coach Erik Spoelstra because Miami’s best lineups were small ball ones. Another offseason at P3 in California will help Richardson continue his development. THE SKINNY: No, Heat people: I don’t hate your team. But when you have no Draft picks, and you have no cap space, and thus you literally could do nothing in the offseason, and basically did nothing in the offseason, and your biggest, most newsy event was whether your 36-year-old future Hall of Fame guard will come back for one more season or play over in China … well, what am I supposed to do with that information? Rank you first? The question is, how much better is your team now than it was at the end of last season? It’s essentially the same team; other than the likes of Richardson (see above) or Justise Winslow, it’s not like there’s a great step up expected from Hassan Whiteside or Goran Dragic, is there? The Heat is not any better than last season. It isn’t any worse. It just … is. So, 30. Longtime NBA reporter, columnist and Naismith Memorial Basketball Hall of Famer David Aldridge is an analyst for TNT. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

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