Cap/Cash Notes: Warriors, Drummond, Clippers, Rockets, More

When the Warriors traded Marquese Chriss to the Spurs and Brad Wanamaker to the Hornets at the trade deadline, they included cash in both deals. By moving Chriss’ $1.82MM cap hit and Wanamaker’s $2.25MM salary off their books, Golden State will generate substantial tax savings, which will outweigh the cash they gave up in the two trades.

As a result, the Warriors didn’t mind sending $1.85MM to the Spurs along with Chriss, per Bobby Marks of ESPN (Twitter link), and $2.2MM to the Hornets with Wanamaker, according to John Hollinger of The Athletic.

Teams are limited to sending out no more than $5.62MM in cash in 2020/21 trades, so the Warriors will be limited to about $1.57MM at the draft. Their yearly limit will reset once the new league year begins, so if Golden State reaches a draft-day trade that involves more than $1.57MM in outgoing cash, it’s a safe bet the team will wait until the 2021/22 league year starts to officially finalize it.

Here are a few more leftover cap-related notes from Marks and Hollinger on trades and buyouts:

• Andre Drummond will earn the prorated veteran’s minimum of $794,536 on his new deal with the Lakers, which is – not coincidentally – the exact amount he gave up in his buyout with the Cavaliers, says ESPN’s Bobby Marks (Twitter link). Marks notes that the Lakers still have enough room under the hard cap to sign a 15th player.
• The Clippers sent $2.75MM to the Kings in the Mfiondu Kabengele salary dump and $1.25MM to the Hawks in the Rajon Rondo trade, reports Hollinger.
• The Rockets took in Avery Bradley‘s $5.64MM salary using part of the traded player exception created in the James Harden trade, allowing them to generate a larger TPE for Victor Oladipo, says Hollinger. That means, instead of having a $10.65MM TPE that expires early next season and a $2.77MM that expires at next season’s deadline, Houston has TPEs worth $5.02MM and $8.18MM. You can see more details here.
• Gorgui Dieng gave up $699,952 in a buyout with the Grizzlies, according to Hollinger. That’s the exact amount the big man would have earned on a minimum-salary deal if he officially signed with the Spurs on Wednesday, but he completed his deal with San Antonio today, so it’ll be worth $729,737.
• That leaves LaMarcus Aldridge as the only player to give up significantly more than his prorated minimum in a post-deadline buyout. As Hollinger explains, the discrepancy between the reported amounts of Aldridge’s buyout was due to escrow. Aldridge gave up $7.25MM in his agreement with the Spurs, which will work out to $5.8MM after factoring in the league’s escrow cut.