Here are the latest trades around the league as the NBA offseason officially begins The /PRNewswire/ — Wooden buildings are on the rise in the US and Stora Enso is entering the market with its cross laminated timber (CLT) product complying with… Kelly Oubre Jr. went from the Phoenix Suns to the Oklahoma City Thunder to the Golden State Warriors in the course of a week, but the forward has a chance to be an impact player with the Warriors in 2020-21…
NEW YORK, Nov. 20, 2020 (GLOBE NEWSWIRE) — Apollo Strategic Growth Capital (the “Company”) announced that commencing November 23, 2020, holders of the units sold in the Company’s initial public offering (including units sold to the underwriters pursuant to their partial exercise of the over-allotment option) may elect to separately trade the Class A ordinary shares and warrants included in the units. Class A ordinary shares and warrants that are separated will trade on the New York Stock Exchange under the symbols “APSG” and “APSG WS,” respectively. Those units not separated will continue to trade on the New York Stock Exchange under the symbol “APSG.U”. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
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NBA trade tracker: Pelicans acquire Steven Adams from Thunder in four-team deal; Lakers deal JaVale McGee
The NBA’s offseason will be moving at a lightning speed this time around as the league has to fit the draft, free agency, training camp and the preseason all before the regular season tips off on Dec. 22. The NBA Draft has come and gone, with free agency having opened on Nov. 20. Although the free agency market won’t be as robust this offseason as teams prepare for bigger names to become available in 2021, the trade market is expected to be incredibly active.
Now that the transaction moratorium has lifted around the league, trades can now be made official, and teams are starting to deal players and picks to better position themselves for the upcoming season. Here are the latest trades that have been reported around the league.
In order to make room for the signing of Marc Gasol, the Lakers are reportedly shipping off JaVale McGee to the Cleveland Cavaliers, after the veteran big man opted into his player option last week. The Lakers will receive Bell and McKinnie in return for McGee, both of whom will be on non-guaranteed contracts which allows L.A. to waive them if it chooses. The addition of McGee makes up for the loss of Tristan Thompson, who joined the Celtics in free agency.
Zhaire Smith once tempted the 76ers enough to trade Mikal Bridges on draft night, but after three seasons marred by health issues, he is headed to Detroit in exchange for Tony Bradley, according to ESPN’s Adrian Wojnarowski. Bradley will give Philadelphia some extra depth behind Joel Embiid and Dwight Howard. Smith, meanwhile, is another highly-drafted project for Detroit. The Pistons signed Josh Jackson earlier this week for the same reason. He has talent, but the 76ers never managed to maximize it. Maybe the Pistons can.
The Oklahoma City Thunder continue to overhaul their roster this offseason as the team has now moved on from Chris Paul and starting center Steven Adams via trade. According to Adrian Wojnarowski of ESPN.com, Adams will be heading to the New Orleans Pelicans as part of a four-team trade including the Milwaukee Bucks and Denver Nuggets. The deal will serve as an expansion of the previously agreed upon deal sending Jrue Holiday from New Orleans to Milwaukee, for a package that will send future first-round and second-round picks back to Oklahoma City. The Nuggets, as part of the deal, will receive the draft rights to RJ Hampton.
Trevor Ariza is reportedly on the move again. According to Adrian Wojnarowski of ESPN.com, the Pistons have agreed to send Ariza and draft compensation to the Oklahoma City Thunder as part of a three-team trade which also includes the Dallas Mavericks. In addition to Ariza changing locations yet again, the Mavericks will be sending Delon Wright to Detroit and Justin Jackson to Oklahoma City. Also, the Thunder will be sending James Johnson to Dallas.
The Boston Celtics, Portland Trail Blazers and Memphis Grizzlies have agreed to a three-team deal that will send Enes Kanter to the Trail Blazers, according to ESPN’s Adrian Wojnarowski. In addition, the Trail Blazers will send Mario Hezonja to the Grizzlies, who also get the 30th overall pick in the 2020 Draft, Desmond Bane. The Celtics, meanwhile, will get Kanter off their books, and also receive a future draft pick from the Grizzlies, per Wojnarowski.
The Celtics are facing a roster crunch. Even after trading the No. 30 overall pick and seeing Gordon Hayward opt-out of his contract, all 15 of their roster spots were accounted for. To create a bit of extra room to work with this offseason, they announced a trade sending backup center Vincent Poirier to the Oklahoma City Thunder Thursday for a conditional (likely top-55 protected) second-round pick. The move means little in basketball terms, but it creates another roster spot for the Celtics to use in free agency.
The Warriors had a rare opportunity to add veteran talent thanks to a $17.2 million trade exception generated by dealing Andre Iguodala to Memphis last summer. Now, they are using it to absorb the $14.4 million contract of Kelly Oubre Jr. from the Oklahoma City Thunder, according to ESPN’s Adrian Wojnarowski. The Thunder will receive Golden State’s 2021 first-round pick if it falls between No. 21 and No. 30. If not? The Thunder will receive two second-round picks. The Warriors will pay a hefty tax burden to take on Oubre, but with Klay Thompson out for the year, they’ll need all the help they can get.
The Jazz are shedding a bit of salary according to ESPN’s Adrian Wojnarowski. Ed Davis, who is owed around $5 million, is headed to the New York Knicks along with two second-round picks. The move helps the Jazz create room below the luxury tax line to possibly re-sign Jordan Clarkson and pursue a free agent with the non-taxpayer mid-level exception. The Knicks, on the other hand, are finally using their cap space to accumulate assets as many argued they should have in 2019.
The Pistons continue to wheel and deal under new GM Troy Weaver. This time, they added a serviceable big man in Dewayne Dedmon in exchange for forward Tony Snell and guard Khyri Thomas, according to ESPN’s Adrian Wojnarowski. Dedmon provides the Pistons with some insurance at the center spot should the team ultimately lose Christian Wood in free agency. Atlanta continues to try to build into a contender in the Eastern Conference, and Snell and Thomas could prove to be rotation pieces for them.
The Pistons have made a number of moves in Troy Weaver’s first draft as Detroit’s GM and they have added another big man to the fold by acquiring Tony Bradley from the Utah Jazz as well as the rights to the No. 38 overall pick in the 2020 NBA Draft, per ESPN’s Adrian Wojnarowski. Bradley will provide the Pistons with depth in the frontcourt as a serviceable big man who can provide minutes off of the bench.
The Sixers are trading veteran forward Al Horford along with a protected 2025 first-round pick, the 34th overall pick in the 2020 draft and the rights to Serbian guard Vasilije Micic to the Oklahoma City Thunder for veteran guard Danny Green. Micic, 26, is considered one of Europe’s top point guards. The Thunder will also send Terrance Ferguson to the Sixers as part of the deal. Horford has three years remaining on the four-year, $109 million deal that he signed with the Sixers last offseason, while Green has one year remaining on his current contract and is set for unrestricted free agency at the end of the 2020-21 season.
New York acquired a higher pick in the first around to go along with its No. 8 overall pick in Wednesday’s draft, the team announced. The Jazz have also sent the draft rights of 2008 second-round pick Ante Tomic, who isn’t expected to play in the NBA. It’s unclear what New York’s plan is for its newly acquired pick in the draft, perhaps it could be part of a larger trade package prior or during Wednesday night’s draft.
Bogdan Bogdanovic, 28, will join the Bucks on a new contract, the terms of which have yet to be reported. Milwaukee will also receive wing Justin James in the deal.
With this move and the Jrue Holiday deal announced earlier, the Bucks have made their big splash. Bogdanovic has seemed like a logical target since they elected not to re-sign Malcolm Brogdon last summer, as he brings an appealing combination of shooting and playmaking to a roster in need of both. Milwaukee was short on creators even when it had Brogdon, and Bogdanovic will add some juice to an offense that was nearly unstoppable in the regular season but could get stagnant come playoff time.
Jrue Holiday, 30, is one of the league’s best defenders and one of the top players on the trade market. He is one of the few guards in the league who does not represent a downgrade from Eric Bledsoe when it comes to perimeter defense, and his size makes him more versatile. More importantly, Holiday is a massive upgrade on the other end of the court. For two straight seasons, Milwaukee’s dominant regular-season offense has looked stilted and predictable against elite playoff defenses. It needed more playmaking, and Holiday provides just that, while only strengthening its defense-first identity. Last season, he averaged 19.1 points, 6.7 assists and 4.8 rebounds for the Pelicans.
Hill was one of the league’s better reserves last season, and the Bucks have sacrificed some depth in trading two rotation players for one. That is a problem for the front office to solve as the offseason moves forward, as is the need for more shooting. Holiday is a decent but not great spot-up shooter, which is par for the course on this Milwaukee roster. Hill was an exception to that — he made an extraordinary 46 percent of his threes last season.
Robert Covington will be a welcome addition for the Blazers, who lacked wing depth all of last season after the departure of Al-Farouq Aminu and Moe Harkless. The prototypical modern NBA 3-and-D wing, the 6-7 Covington is a 36 percent career 3-point shooter who should be able to space the floor for Damian Lillard and CJ McCollum in a Portland offense that finished third in efficiency last season at 113.2 points per 100 possessions.
The Rockets reacquire Ariza, who averaged 12.2 points, 5.1 rebounds and 1.8 steals while shooting 36 percent from the 3-point arc in four seasons with Houston from 2014-2018. Ariza might not want to look into Houston real estate just yet, however. If the Rockets are truly committing to a rebuild, he’s a strong candidate to be flipped to a contender given his championship experience.
Phoenix has positioned itself as a team that could fight for playoff positioning next season after acquiring Chris Paul from the Thunder in exchange for Kelly Oubre Jr., Ricky Rubio, Ty Jerome and Jalen Lecque, per The Athletic’s Shams Charania. Paul will be reunited with head coach Monty Williams, who coached him in his early days with New Orleans. The veteran guard will provide the Suns with leadership they desperately needed. With Paul installed as the starting point guard, it will take some of the offensive load off Devin Booker, who may finally be able to realize his full potential under Paul’s guidance.
For the Thunder, this is the second trade the franchise has executed so far in the offseason, but this time, the return of Oubre, Rubio, Jerome and Lecque gives them young pieces for the future.
After being crowned champions inside the NBA bubble, the Lakers are already making moves to ensure they can defend their crown for the 2020-21 season. According to ESPN’s Adrian Wojnarowski, Los Angeles is sending Danny Green and the 28th overall pick in the 2020 NBA Draft for Dennis Schroder. The veteran guard gives L.A. another player who can create for himself, which should help strengthen the bench when LeBron James and Anthony Davis need a rest. It also shores up the Lakers backcourt if they don’t re-sign Rajon Rondo, who reportedly opted out of his $2.6 million player option for next season, making him an unrestricted free agent. Schroder’s deal expires after this upcoming season, so it also allows L.A. to be flexible for 2021.
For the Thunder, moving Schroder signals that this team is going full rebuild heading into the 2020-21 season. Getting back a first-round pick just adds to the stockpile of draft selections that OKC has accumulated over the last two years, and the Thunder can now also flip Green to a different contending team for another draft pick, or perhaps a young prospect.
The Nets reportedly like the defensive toughness that Bruce Brown can bring to their squad, while the Pistons will be getting Dzanan Musa, who was selected 29th overall in the 2018 NBA Draft, per Wojnarowski. Musa never found his footing in the Nets organization, but will get more opportunity to prove himself with a Detroit team that is in the process of a rebuild.
Author: Jasmyn Wimbish
Global Aerospace Composites Market Outlook 2019-2020 & 2027 – ResearchAndMarkets.com
Stora Enso with “license to operate” for CLT in the North American market
STOCKHOLM, Nov. 23, 2020 /PRNewswire/ — Wooden buildings are on the rise in the US and Stora Enso is entering the market with its cross laminated timber (CLT) product complying with the International Building Code® (IBS) that is necessary for the US American market as of 2021.
As one of the leading providers of wood-based solutions on the global market, Stora Enso has received approval for producing and delivering CLT panels to the United States of America in accordance to the International Building Code® (IBS). They can now be produced to be certified in compliance with the North American CLT standard ANSI/APA PRG 320-2019, Standard for Performance-Rated Cross-Laminated Timber.
The changes in the 2021 issue of the code now allow to construct buildings from mass timber of up to 18 storeys, compared with just five before. This clearly paves the way for a new market in mid-rise wooden construction and fossil-based materials such as concrete and steel can be replaced to a much greater extent in North American construction.
The CLT panels by Stora Enso will be manufactured in its biggest mill, at Ybbs in Austria, Central Europe. Also, with the decision for an investment in a 4th CLT production facility at Zdirec mill in the Czech Republic, Stora Enso plans to get the same certificate for this mill in order to produce for the US market as well. The CLT panels can be produced with a width of up to 9.68 feet (2.95 meters) and a length of up to 52.5 feet (16 meters).
Stora Enso is ready to deliver
Steve Lieberman, Business Development Manager for North America at Stora Enso comments: “Previously, we have been restricted to buildings no taller than five storeys or special one-off assignments, so this is a real game changer for us. It took some months to get it, but now we have the `license to operate’, and this is very exciting news for the North American market. We are ready for take-off with CLT in the US and Canada!”
On behalf of Stora Enso, Lieberman has been building up the market in the US and Canada for CLT in the last couple of years. “The mid-rise building segment has been traditionally using concrete and steel, but the recent changes mean that wood as a raw material has the opportunity to enter the market in a much bigger way than before. The massive-engineered wood element CLT is particularly useful for building wooden constructions that go beyond five storeys”, he continues.
An eco-friendly solution for every occasion
This is not just good news for the environment, but there are countless other benefits for people’s health and wellbeing when they are working, living and studying in wooden buildings. Studies have shown that people show lowered stress levels and blood pressure as well as improved concentration in interiors with wooden surfaces compared to ones with no wooden surfaces.
People are living increasingly indoor lives and have limited opportunities to connect with nature. Exposing the natural wood within a building environment stimulates the important connection with nature, increasing positivity and productivity.
The big picture
“We have proven already in other overseas markets such as Singapore or Australia that we can deliver for big and small projects across the globe from our production facilities in Central Europe. We’ve had some very successful and big projects such as The International House in Sydney or Library at the Dock in Melbourne or also the Singapore Management University. Expanding these activities to North America is definitely another milestone in our vision to be a global leader of innovative wood-based solutions”, states Gernot Weiß, Head of Business Line CLT. “We believe strongly in the growth of CLT and the outstanding dynamic development of the North American market.”
The technical details
The ESR-4381 certification makes the CLT panels compliant with the 2018, 2015, 2012 and 2009 International Building Code® (IBC), making Stora Enso CLT panels acceptable for structural use in the U.S. The ESL-1170 report states compliance with the National Building Code of Canada® 2015.
In addition, we have completed the ICC-ES Evaluation Report ESR-4381 supplements for the State of California and the City of Los Angeles.
The ICC-ES Evaluation Report ESR-4381 and Listing Report ESL-1170 can be found on the ICC website: www.icc-es.org
For further information, please contact:
Stora Enso Wood Products Division
Press & Communications Manager Global
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Author: Stora Enso Wood Products
Warriors News: Kelly Oubre Jr. Talks GSW Trade, Klay Thompson, Steve Kerr, More
Matt York/Associated Press
Kelly Oubre Jr. went from the Phoenix Suns to the Oklahoma City Thunder to the Golden State Warriors in the course of a week, but the forward has a chance to be an impact player with the Warriors in 2020-21.
The 24-year-old discussed his future role with his new team with David Aldridge of The Athletic, saying he is “excited to win.”
“I feel I can kind of bring that flux of just lucid, positionless basketball back to the organization,” Oubre said. “I can guard one through five. I can play one, two, three, four, stretch four if I need to. I just want to fit in seamlessly and just be the best me I can be, and that’s a two-way player.”
The help on both ends will be vital for Golden State without Klay Thompson, who will miss his second straight year after tearing his Achilles.
Oubre hasn’t spoken to Thompson but understands the challenges ahead.
“I know he’s going through it mentally, man,” he said. “He’s (dealing) with another injury off of another injury, and I know exactly how that feels.”
The Suns went 8-0 during the NBA restart last season but did so without Oubre, who was recovering from a knee injury. He said he “didn’t feel comfortable” playing after his at-home rehab during the pandemic.
He was still an impact player when on the court, setting career highs with 18.7 points and 6.4 rebounds per game.
Warriors coach Steve Kerr is aware of how Oubre can help his team get back into contention after a disappointing 2019-20 season.
“He’s excited,” Oubre said of Kerr. “He’s talked to a lot of coaches that I’ve played for and that coached under him. They kind of filled him in on how I was as a player, as a teammate. He was excited to just push me to be the best that I can be.”
Kerr’s playing career alongside Michael Jordan with the Chicago Bulls also created a mutual excitement.
“I adamantly told him that I can’t wait, and I’m going to be asking a lot of questions. Because he’s played with Mike, and I admired Mike and his winning mentality.”
Oubre was initially traded to the Thunder, but he likely knew he wasn’t staying there long as he didn’t hear from anyone in the organization for three days. General manager Sam Presti finally reached out on the day he was traded to Golden State.
The fifth-year player now has a chance at a fresh start and will look to post big numbers before hitting free agency in 2021.
Author: Rob Goldberg