The Spurs received $1.5MM from the Celtics as part of Thursday’s Noah Vonleh trade, according to ESPN’s Bobby Marks (Twitter link). As Marks lays out, the deal resulted in cash savings for both teams.
Because Vonleh’s cap hit is no longer on their books, the Celtics will save about $7.1MM on their projected luxury tax bill, so sending out just $1.5MM to realize those savings was a no-brainer for Boston.
As for the Spurs, they’ll only owe Vonleh about $28K in salary for the two days he spends on waivers, but will have to pay Gorgui Dieng an additional $992K for the rest of the season, since his salary was fully guaranteed. Still, factoring in the $1.5MM in cash that they got from Boston, the Spurs will come out about $480K ahead after waiving both players — on top of that, they have a newly opened roster spot, which they could use to take fliers on 10-day signees.
The draft pick the Spurs sent to the Celtics in the deal is San Antonio’s top-54 protected 2024 second-rounder, tweets Marks.
Here’s more from around the West:
- Mavericks head coach Jason Kidd didn’t rule out the possibility of the team bringing back Kemba Walker on a 10-day contract after waiving him earlier today, tweets Brad Townsend of The Dallas Morning News. The team now has an open roster spot to bring in Walker or another player on a 10-day deal.
- Playing out of position as a center rather than a forward is getting Zeke Nnaji minutes in the Nuggets‘ rotation, but the role may not play to his strengths, writes Mike Singer of The Denver Post (subscription required). After making 61-of-139 threes (43.9%) in his first two seasons, Nnaji is just 3-of-18 this season from beyond the arc. “With the five, it’s a lot less picking-and-popping,” he said. “They want me more rolling and putting pressure on that rim because if I’m popping every time, there’s not as much thrust on the rim, which collapses the defense. Right now I gotta roll more, even though I feel like I’m a capable shooter, I gotta do what’s best for the team.”
- In an in-depth story for The Athletic, Jason Lloyd explores why Mike Brown was so intrigued by the Kings‘ head coaching opening this past spring and what he learned in his previous head coaching jobs that he brought with him to Sacramento.
They had to pay Dieng either way. So, they picked up 1.472 mm (net) for 1.16 of cap space (they have more than they can use) and the protected 2nd rounder (almost certain not to vest). A lot better than their share of the luxury tax would have been on BOS’s 7.15 mm payment, if they even get any.
Randle >>>>> to >>>>> Mavs
“In an in-depth story for The Athletic, Jason Lloyd explores why Mike Brown was so intrigued by the Kings‘ head coaching opening this past spring and what he learned in his previous head coaching jobs that he brought with him to Sacramento.”
Luke, if you are going to aggregate from a paywall site like the Athletic, you should give at least some information or highlights for those of us who don’t choose to subscribe to that site.
Agree
Top 54 protected? Wouldn’t a third rounder have the same value? (Yes, I know)