JUNE 21: The trade is official, according to a press release from the NBA.
JUNE 20: The Sixers are trading Jonathon Simmons and the No. 42 overall pick (Tennessee’s Admiral Schofield) to the Wizards for cash considerations, according to Keith Pompey of The Philadelphia Inquirer.
According to Bobby Marks of ESPN, the Wizards are likely to acquire Simmons with the $6MM trade exception they created in the Otto Porter trade. Marks further notes that Simmons has $1MM in guaranteed salary for next season, with the $4.7MM in remaining salary for the 2019/20 season guaranteed if the 29-year-old guard is not waived by July 1.
The trade will enable the Sixers to create $1MM in more cap space in the unlikely event that Jimmy Butler and Tobias Harris both leave in free agency.