The Pelicans’ decision to move the No. 4 pick to the Hawks today makes it likely that the Anthony Davis trade to the Lakers will be finalized on July 6, according to ESPN’s Adrian Wojnarowski (Twitter link).
The Lakers emerged from the lottery with the No. 4 pick and agreed to trade it to the Pelicans as part of the Davis deal. New Orleans reached an agreement to forward the pick to the Hawks just prior to the draft.
Lakers GM Rob Pelinka and the Pelicans’ top executive, David Griffin, agreed that if a third team was looped into the Davis trade, the teams would make the deal official on July 6.
The Davis deal could theoretically be delayed until July 30, as newly-drafted players can’t be dealt for 30 days after signing a contract. Waiting those 30 days would be advantageous to the Lakers for cap-related reasons. However, it would have been unrealistic for the Lakers to expect the Pelicans and Hawks to wait that long to bring in those traded players.
Pelinka was already on board with making the trade official on July 6 before New Orleans came to an agreement with Atlanta, according to Wojnarowski.
Thus, the Lakers won’t be able to count the No. 4 pick’s salary slot for salary-matching purposes in the AD trade. In order to maximize their cap room, they’ll have to use the cap room first by signing free agents, then make the Davis deal as an over-the-cap team under salary-matching guidelines.
The Lakers are offering the contracts of Moritz Wagner, Jemerrio Jones, and Isaac Bonga to teams as part of the Davis deal in order to make the salaries match up. The Hawks don’t necessarily have to be part of the Davis deal, since the Pelicans could make that trade separately after the trade with the Lakers becomes official.
Davis could also waive most or all of his $4MM trade bonus, something that he’s not necessarily expected to do. In a scenario where the Lakers get Davis to agree and find a taker for each of the three aforementioned players as part of a larger AD deal, Los Angeles could have roughly $32MM in cap space.