In exchange for taking on an extra year of salary when they traded Dwight Howard for Timofey Mozgov, the Hornets acquired a pair of second-round picks. However, the Nets also sent cash to Charlotte in that deal, and now we know just how much. According to Eric Pincus of Basketball Insiders (Twitter link), the Hornets received $5MM for their troubles.
During the 2018/19 league year, an NBA team can only acquire up to $5.243MM in cash in trades, so the Hornets nearly reached their limit in that transactions with the Nets. Charlotte did reach its limit shortly thereafter, when the team flipped one of the second-rounders it acquired from Brooklyn to the Thunder. In that swap, which sent Hamidou Diallo to Oklahoma City, the Hornets received $243K in cash along with a 2019 second-round pick, tweets Pincus.
The Hornets now won’t be able to acquire any more cash in a trade until the 2019/20 league year begins, though they can still send out up to $5.243MM in deals this season.
Here’s more out of Charlotte:
- Explaining the decision to trade Howard, Hornets president of basketball operations Mitch Kupchak said the team considered waiving and stretching the veteran center like the Nets ultimately did, but decided the trade with Brooklyn was the best way to go. Rick Bonnell of The Charlotte Observer has the details, along with the quotes from Kupchak.
- According to Kupchak, Bismack Biyombo‘s rebounding and rim-protecting abilities are a key reason why the Hornets flipped Mozgov to Orlando for him (link via Rick Bonnell). Kupchak also spoke about the increasing value of second-round picks around the NBA — Charlotte has made five trades so far this offseason, and all five have included at least one incoming or outgoing second-rounder.
- Kevin Pelton of ESPN.com doesn’t believe the Hornets will receive great value from the two-year, $10MM deal they gave Tony Parker. Pelton cites Parker’s .498 true shooting percentage, which ranked 252 out of the 275 players who played at least 1000 minutes last season, as one reason for pessimism, adding that Charlotte failed to take advantage of a buyer’s market for point guards.
- Even if Parker’s on-court numbers for the Hornets are lacking, new head coach James Borrego values the veteran leadership the longtime Spurs point guard will bring to the franchise, as Rick Bonnell writes. “We were trying to find a player in free agency that had experience, had wisdom, had winning DNA,” Borrego said. “He is such a valuable piece and has been to that San Antonio organization. We’re very fortunate right now.”
What I’m looking at is Michael-Kidd Gilchrest and Marvin Williams falling off next season should allow them o keep Kemba.
yeah but howard scored 16pts a game .. bizmark is going to score like 3-5 a game… unless they can get more out of him then Toronto and orl could.
Mozgov > Biyombo.
Also agree, I don’t think is much if any at all left in Parker’s tank, I think he just went to Charlotte for a nicer life while collecting his pay check for the next couple of years.
Charlotte is your model eastern city you say. I have read it’s mostly a long suburb, which is nice enough, but hardly unique.
Have you even travelled? Why do you think everyone has your prejudices, and how do you come by them?
I didn’t realize that Biz is only 25. When he was here the last time he always gave 100%. Maybe this time he’ll bring he’ll turn into more of a scorer. Glad the Hornets off loaded over priced Movgoz. Too expensive to. Lucked out for once.
Agree with Kupchak, r2s have increased in value.