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Largest Cap Holds

With teams making some final tweaks to their rosters heading into the final weeks of the season, let’s take a look at one of the most interesting wrinkles in the NBA salary cap. The cap hold exists primarily to close a loophole. Without cap holds, a team could structure a bunch of its contracts to end simultaneously, giving them cap room to pursue other teams’ free agents while still possessing Bird rights on its own free agents.  Almost every team in the NBA has a cap hold on someone. There are free agent cap holds and draft pick cap holds, but the largest ones fall into the free agent category. Whenever a player’s contract with a team ends, it creates a cap hold (see Larry Coon’s CBA FAQ for how the amount of the cap hold is determined).

So even though a player is no longer getting paid, he can still be on the books for a large number. The cap hold doesn’t go away unless the team waives the player or renounces its rights to him, or until the player signs with another team or formally files retirement papers with the league. Players are often slow to file that paperwork, as there’s no real impetus to do so until they’re eligible for a pension. Teams often won’t renounce the rights to retired players so they can throw them into trades, as with the Keith Van Horn deal a few years ago, and because there’s little reason to do so if the team is over the cap anyway, since cap holds don’t count for luxury tax purposes.

For more on cap holds, check out this post on ShamSports. Here are the largest current cap holds, according to Storytellers Contracts:

Andrei Kirilenko, Jazz: $18,091,250
Wally Szczerbiak, Cavs: $18,091,250
Jeff Green, Celtics:  $11,139,970
Marcus Banks, Hornets: $9,210,413
Darius Songaila, 76ers: $9,154,200
Richard Hamilton, Pistons: $8,430,293
Nenad Krstic, Celtics: $8,314,674
Pat Garrity, Magic: $7,342,075
Julian Wright, Raptors: $7,145,143
Steven Hunter, Grizzlies: $7,022,400
Robert Horry, Spurs $6,897,000
Greg Ostertag, Jazz: $6,305,000
Aaron Brooks, Suns: $5,041,730


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Largest Long-Term Contracts

The trade deadline often means expiring contracts receive increased attention, and we listed the largest expiring contracts of 2011/12 last month. With the deadline behind us and the focus eventually shifting to the summer, it's worth taking a look at which teams may have their cap flexibility handicapped by expensive long-term deals.

In many cases, these contracts are ones teams are happy to pay, if it means locking up a top-10 or top-15 NBA player. But some of these deals have the potential to become albatrosses before they expire, if they aren't already. Here's a look at the contracts with the most money remaining on them after this season (minimum $40MM):

* Derrick Rose (Bulls): Five years, $94MM
Joe Johnson (Hawks): Four years, $89.3MM
LeBron James (Heat): Four years, $79.32MM (third-year ETO; fourth-year player option)
Chris Bosh (Heat): Four years, $79.32MM (third-year ETO; fourth-year player option)
Dwyane Wade (Heat): Four years, $77.67MM (third-year ETO; fourth-year player option)
* Russell Westbrook (Thunder): Five years, $78MM
Kevin Durant (Thunder): Four years, $73.69MM
Carmelo Anthony (Knicks): Three years, $67.22MM (third-year ETO)
Amare Stoudemire (Knicks): Three years, $65.04MM (third-year ETO)
Kobe Bryant (Lakers): Two years, $58.3MM
* Kevin Love (Timberwolves): Four years, $58MM (fourth-year ETO)
David Lee (Warriors): Four years, $57.13MM
Rudy Gay (Grizzlies): Three years, $53.67MM (third-year player option)
Nene (Wizards): Four years, $52MM
Zach Randolph (Grizzlies): Three years, $50.8MM (third-year player option)
Al Horford (Hawks): Four years, $48MM
Joakim Noah (Bulls): Four years, $48MM
Carlos Boozer (Bulls): Three years, $47.1MM
LaMarcus Aldridge (Trail Blazers): Three years, $45.38MM
Marc Gasol (Grizzlies): Three years, $44.58MM
Dirk Nowitzki (Mavericks): Two years, $43.63MM
Tyson Chandler (Knicks): Three years, $42.3MM
Danilo Gallinari (Nuggets): Four years, $42MM

Note: Players marked with an asterisk signed extensions that will go into effect next season. Their exact contract figures have yet to be determined, so the totals listed are based on various reports.

Storytellers Contracts was used in the creation of this post.

Lessons From The 2009 Draft

Only about five weeks remain until the end of the regular season, and with the NCAA Tournament in full swing, NBA teams are beginning to look at draft prospects for next year. With that in mind, it's helpful to look back at previous drafts to see what we can learn. Three years after a draft offers a fairly relevant sample size to judge teams on their selections and players on their performances. It also offers a look ahead to next season, when some of the 2009 draftees will be extension candidates ahead of a chance at restricted free agency in the summer of 2013. Here are the top five overachieving picks from 2009, and the top five underachievers, with the team that drafted them, draft position, and relevant career stats in parentheses.

Overachievers

  • Brandon Jennings (Bucks, 10th overall: 16.5 PPG, 5.4 APG, 15.9 PER) He's a lottery pick with a career 38.6 shooting percentage, but when he scored 55 points in his seventh NBA game, he showed why he's got more talent than the average 10th selection. He's improved his field-goal percentage and PPG in each of his three seasons, and the 22-year-old is the Bucks leading scorer this year.
  • Marcus Thornton (Heat, 43rd overall: 14.7 PPG, 3.3 RPG, 17.1 PER) The Heat traded him on draft night to the Hornets, but it's been in Sacramento where Thornton has truly flourished, putting up 21.3 PPG after arriving last year and 18.6 this season. Credit former Kings coach Paul Westphal with putting him in the starting lineup and getting the best out of this former second-round pick. 
  • Ty Lawson (Timberwolves, 18th overall: 11.3 PPG, 4.6 APG, 17.6 PER) Of all the point guards the Wolves drafted that year, he might be the best. Unfortunately for Minnesota fans, GM David Kahn traded Lawson to Denver on draft night. Lawson served as an understudy to Chauncey Billups his first year and a half, but was picked to start over Raymond Felton after the Carmelo Anthony trade last year and has held the job ever since. He's averaging a career-high 15.2 PPG and 6.8 APG this season.
  • Taj Gibson (Bulls, 26th overall: 7.9 PPG, 6.3 RPG, 14.6 PER) He became a bench player after starting 70 games in his rookie season, but he often plays the crunch-time minutes of a starter. He's earned coach Tom Thibodeau's trust, which speaks to his defense, and he's tough to handle on boards, averaging 9.7 RPG per 36 minutes for his career.
  • DeJuan Blair (Spurs, 37th overall: 8.3 PPG, 6.5 RPG, 17.3 PER) There aren't many second-rounders who start for contending teams in their third seasons, and fewer still who do it without ACLs in their knees. He plays less than half the game for the Spurs these days, even though he starts, but is efficient in his time, averaging 15.8 PPG and 9.7 RPG per 36 minutes this season.

Underachievers

  • Hasheem Thabeet (Grizzlies, 2nd overall: 2.2 PPG, 2.7 RPG, 10.6 PER) It's not a positive sign for a No. 2 overall pick when he goes down to the D-League in each of his first two seasons, but that's exactly what happened here. Memphis GM Chris Wallace has avoided too much criticism for this one because the spectre of the Blazers' wasted pick of Greg Oden two years prior overshadows it, the Grizzlies have been winning, and the team was able to trade Thabeet in a package that netted Shane Battier, a key figure in their playoff run last year.
  • Terrence Williams (Nets, 11th overall: 7.4 PPG, 3.8 RPG, 10.5 PER) After being waived by the Rockets last week, he's headed for his third NBA team, this time on a 10-day contract with the Kings. That's a long fall for a lottery pick.
  • Jordan Hill (Knicks, 8th overall: 5.4 PPG, 4.2 PPG, 14.1 PER) He was traded to Houston midway through his rookie season, and now finds himself with the Lakers after another deadline deal this year. Still, since L.A. gave up trusty Derek Fisher to get him, the Lakers may see enough in Hill to think he can at least carve out a niche as a solid contributor.
  • Jonny Flynn (Timberwolves, 6th overall: 9.7 PPG, 3.9 APG, 11.2 PER) David Kahn raised plenty of eyebrows when he followed up his pick of Ricky Rubio at No. 5 with another point guard. He was a reliable insurance policy in his first year as Rubio played overseas, starting 81 games and averaging 13.5 PPG and 4.4 APG. He's started only eight games since, but could see time with his new team in Portland, as the Blazers look at some of their younger players.
  • Earl Clark (Suns, 14th overall: 3.0 PPG, 1.9 RPG, 8.7 PER) Buried on the bench with the Suns, Clark got a look as the backup to Dwight Howard after being traded to Orlando last year. His 4.1 PPG and 2.5 RPG in 11.9 MPG was underwhelming enough for the Magic to give his minutes to Glen Davis this year, and Clark is once more out of the rotation.

 

Which Post-Deadline Pickup Will Help Most?

Buyouts, waived players and guys returning from China are keeping the NBA rumor mill interesting even after the trade deadline. Several teams have the chance to improve themselves by picking up a contributor for the final weeks and the playoffs. So, we ask which player with a new team after the trade deadline will have the greatest impact. This list includes a mix of guys who are already on their new teams and some who are still negotiating. We'll include Chris Kaman, as even though the Hornets seem to want to keep him, the notion that the No. 1 buyout candidate will hit the open market remains at least a slight possibility.

 

Evaluating Last Year’s Buyouts

Another deadline looms over the NBA this week. Players must clear waivers by Friday to be eligible for the playoffs with a new team, and many of them are in the process of negotiating buyouts with their current teams to obtain the freedom to sign elsewhere. With a buyout, a player is essentially paying for his free agency by giving back a portion of his contract. Sometimes it's a relatively small fraction of the contract's worth, and other times, as with Mike Bibby last year, it's a sizable chunk of money. Teams may be motivated to do a buyout for cap relief, as the reduced value of the contract, and not its original value, is what counts on the ledger. For more on buyouts and their affect on the salary cap, check out Larry Coon's CBA FAQ.

As this year's crop of buyouts gets ready for harvest, let's take a look back at what happened to the players who agreed to buyouts last year: 

  • Mike Bibby renounced $6,217,616 of his salary over two seasons when he reached a buyout agreement with the Wizards on February 28. Scheduled to make $5,764,767 in 2010/11 and $6,417,616 in 2011/12, he received $4,438,893 last year and gets $1,125,874 this year from the contract. (The contract also netted Bibby $400K in incentives). He signed with the Heat on March 2, earning $342,022 for the rest of the season. He started all but the final playoff game for Miami, averaging 3.7 points, 1.2 assists and 20.8 minutes in the postseason. He has played a limited role with the Knicks this season on a 1,352,181 minimum-salary deal. The $1.125MM he gets from his bought out contract still counts as a cap hit against the Wizards this year.
  • Troy Murphy gave up $300K of the $11,968,253 remaining on his expiring contract when he and the Warriors reached a buyout agreement February 28. The Celtics picked him up March 2 for $310,929, so Murphy came out ahead by close to $11K. Though he averaged 10.5 MPG off the bench for the Celtics during the regular season, he played a total of just three minutes in the playoffs. He signed with the Lakers for the veteran’s minimum of $1,352,181, and as the first big man off the bench, he’s averaged 3.4 PPG and 3.5 RPG in 18 MPG.
  • Al Thornton was making $2,814,196 in the final year of his rookie contract last year, and gave back $100K in a buyout with the Wizards on March 1. He latched on with the Warriors for $218,677 on March 3 and settled into the rotation, averaging 6.0 PPG, 2.6 RPG and 14.3 MPG. Nonetheless, the 14th pick in the 2007 draft has not played in the league this season, and signed with a Puerto Rican team last month.
  • Corey Brewer’s was making $3,703,472 in the final year of his rookie contract with the Timberwolves when he was shipped to the Knicks in the three-team Carmelo Anthony deal. On March 1, he agreed to cut his salary to $3.2MM in a buyout. Two days later, the Mavs used their midlevel exception to sign him to a three-year, $7.452MM deal. He played in 13 regular season games for the Mavericks, performing well in just 11.4 MPG, compiling PER (17.6) and points per 36 minutes (16.8) numbers well above his career marks. He was an afterthought in the playoffs though, appearing for just 23 total minutes as the Mavs made their championship run. Seeking to shed salary, Dallas traded Brewer and Rudy Fernandez to the Nuggets for a second-round pick before this season. Seeing 21.8 MPG, Brewer is averaging 9.8 PPG, the best scoring output of his career save for 13.0 PPG in 2009/10.
  • Jared Jeffries forfeited $1MM of his $6,883,800 salary on February 25 to get a buyout from the Rockets. He signed a $316,584 minimum-salary deal on March 1 with the Knicks, who had sent him to Houston in a 2010 trade. A favorite of coach Mike D’Antoni’s, he saw 19.3 MPG in the regular season but was largely ineffective en route to a career-worst 34.9% shooting percentage. He bounced back in the playoffs, averaging 6.3 PPG on 47.8% from the floor. The Knicks brought him back on another minimum deal for $1,229,255 this season, and while he’s averaged 4.8 PPG and 4.2 RPG in 20.5 MPG this year, his playing time has been cut back somewhat under new coach Mike Woodson.
  • Eddy Curry’s six-year, $56,014,078 contract finally came off the Knicks books last year when they shipped him to the Timberwolves as part of the Carmelo Anthony trade. The Wolves absorbed a $504,459 trade kicker, but wasted little time divesting themselves of Curry. He agreed to give back $250K in a buyout March 1, yet still wound up pocketing more than $11.53MM from the final year of his massive deal. The buyout turned out to be a waste for Curry, who didn’t catch on with another team last year. The Heat signed him to a $1,352,181 minimum-salary deal before this season, but has used Curry for a total of just 46 minutes all year.

Storytellers Contracts was used in the creation of this post.

 

Deadline Deals Explained Financially

A few weeks ago, I broke down some of the rules and regulations on trades in the new Collective Bargaining Agreement. Now that the trade deadline has passed and we've seen a number of deals consummated, it's worth a look back to see how those trade rules applied to this week's moves.

As we run through the trades, explaining the financial details for each team, keep in mind that each club involved in a deal can break down a trade in different ways. Jeff Kramer of Storytellers Contracts explained this splendidly in a piece on this week's Andrew Bogut/Monta Ellis trade for Blazer's Edge. Although the total salaries going each way matched up almost perfectly, the Bucks broke down the move into two separate trades, while the Warriors viewed it as three separate transactions. This way, each team was able to acquire a sizeable traded player exception that wouldn't have been possible by viewing the trade as a single, simultaneous transaction.

For more clarification on this point, check out Kramer's piece, revisit Larry Coon's CBA FAQ, and feel free to ask questions in the comments section of this post. Also, be sure to check out our list of outstanding traded player exceptions, which has been updated to reflect all the info below.

Here's the complete breakdown of this week's trades:

Read more

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List Of Players With Trade Kickers

With just hours to go before the trade deadline, it’s worth taking a look at a set of stumbling blocks that might be making some potential deals a lot harder: trade kickers.

A trade kicker, or trade bonus, is an amount of money paid to a player if he is traded during his contract. Only a few players have trade kickers as a part of their deals, many of them stars who can command such clauses during negotiations. Trade kickers are usually a certain percentage of the remaining value of the contract, but sometimes they are a fixed amount. In either case, they can’t exceed 15% of the deal’s remaining value.

For salary cap purposes, the kicker counts toward the cap of the team acquiring the player, and the bonus is spread evenly over the remaining years of the contract. So, if Player X has a $2.5MM trade kicker and two more seasons left on his contract after this year, the kicker counts as $500K for the rest of this season and $1M each for the next two seasons.

For more on trade kickers, check out Larry Coon’s CBA FAQ page. Here’s a roundup of players with trade kickers, with the value in parentheses.

Atlanta:
Josh Smith
(15%)

Boston:
Kevin Garnett
($1,751,394)
Ray Allen
(15%)
Jermaine O’Neal
(7.5%)

Cleveland:
Anderson Varejao
(5%)

Dallas:
Shawn Marion
(15%)

L.A. Clippers:
DeAndre Jordan
(15%)

L.A. Lakers:
Kobe Bryant
(15%)
Pau Gasol
(15%)
Metta World Peace
(15%)
Luke Walton
(7.5%)

Orlando:
Hedo Turkoglu
($415,850 for each 2011/12 and 2012/13)
Quentin Richardson
(15%)

San Antonio:
Tim Duncan
(15%)
Manu Ginobili
(5%)

Toronto:
Jose Calderon
(10%)
Andrea Bargnani
(5%)
Amir Johnson
(5%)

Note: A player's salary plus his trade bonus is not permitted to exceed the maximum salary for that year, so some of these bonuses would be unavailable in the case of a trade.

Storytellers Contracts and Yahoo! Sports were used in the creation of this list.

2011 Trade Deadline: One Year Later

With just days to go before Thursday's trade deadline and everyone waiting for someone to fire the first salvo, let's take a look at the last-minute deals of 2011. The lockout pushed the deadline into March this season, but last year it took place on February 24, a more customary date. The action got started with just two trading days left, but once it did, the deals got done quickly. It’s still difficult to fully assess winners and losers one year out from a trade, but it is a time when immediate returns begin to give way to long-term considerations. Here's how last year's deadline deals stack up, in chronological order:

Feb. 22, 2011: New York acquired forward Carmelo Anthony, guard Chauncey Billups, guard Anthony Carter, forward Renaldo Balkman and forward Shelden Williams from Denver for forward Wilson Chandler, forward Danilo Gallinari, guard Raymond Felton, center Timofey Mozgov, a 2014 first-round draft pick and a 2012 and a 2013 second-round pick and cash. New York traded center Eddy Curry and forward Anthony Randolph to Minnesota for forward Corey Brewer. Denver acquired center Kosta Koufos from Minnesota. Much like GMs are waiting for the Magic to trade Dwight Howard before the dealing starts in earnest this year, this was the swap that got the action going in 2011. When New York waived Balkman last month, Anthony became the sole player from the transaction to remain in New York. Brewer, who went to the Knicks in this deal and was waived shortly thereafter, is now in Denver, too, after helping the Mavs to the title last year. Anthony’s 21.2 PPG is only four-tenths of a point higher than a career low as the Knicks have struggled to fit him together with Amare Stoudemire, Jeremy Lin and others. Gallinari, Mozgov and Koufos are the only players who’ve been Nuggets ever since this deal, but Denver GM Masai Ujiri flipped Felton for Andre Miller and rookie Jordan Hamilton, both of whom have contributed this year. The Wolves got rid of Curry’s $11.53MM salary this summer, and Randolph’s $2.91MM deal, which expires after this season, could be used as a trade chip as the team looks to be active again at the deadline. Amidst a renaissance, Minnesota could eventually emerge as a sneaky winner of this deal, but the winner, so far is Denver

Feb. 22, 2011: Chicago traded forward James Johnson to Toronto for the 2011 first-round draft pick Toronto acquired from Miami. Though the Raptors went hard after Wilson Chandler last month to fill the small forward position, Johnson has filled role of the starter at the 3 capably, averaging 8.6 PPG and 4.9 RPG this year, similar to his numbers after the deal last year. Johnson wasn’t used much in Chicago, so the move was basically for roster and cap space on their end. That first round draft pick, Norris Cole, was traded twice more on draft night and, ironically, wound up back in Miami, where he’s been in the rotation all season long as the backup point guard. The winner, so far: Toronto.

Feb. 23, 2011: Utah traded guard Deron Williams to New Jersey for guard Devin Harris, forward Derrick Favors, a 2011 first-round pick, a 2012 first-round pick (via Golden State) and cash considerations. The second major blockbuster after the Anthony deal last year may hinge on the primary blockbuster this year. Williams, a free agent after this season, could bolt if the Nets fail to acquire Dwight Howard. As his 22.4 PPG, a career high bolstered by last week’s 57-point outburst, and 8.2 APG demonstrate, Williams is clearly one of the NBA’s elite point guards, even as the league boasts perhaps the most impressive collection of point guards in its history. The Nets have been dreadful this year, however, going just 13-27 while the Jazz are 19-19 and in hot pursuit of a playoff spot. Harris, is averaging just 9.6 points and 4.5 assists, his worst numbers in either category since 2006/07, but Favors and that first round pick, which turned out to be No. 3 overall selection Enes Kanter, are impressive young post players who could soon make Al Jefferson and Paul Millsap expendable. As long as the Jazz keep winning and building, and Williams’ fate is undecided, the winner, so far, is Utah.

Feb. 23, 2011: New Orleans traded forward Carl Landry to Sacramento for guard Marcus Thornton and cash considerations. This is the deal that had Mark Cuban up in arms, as the league owned Hornets took on salary to add Landry. The deal was indeed helpful for New Orleans last year, as Landry took over at starting power forward for an injured David West and averaged 15.8 points and 5.0 rebounds as the Hornets challenged the Lakers in six games. He has returned to the bench this year, however, his numbers falling back to 11.5 PPG and 4.4 RPG. Thornton has proven he can fill it up in Sacramento, averaging 21.3 PPG last year and 18.8 PPG this season as the starting shooting guard. Valuable as Landry might have been in the playoffs last year, it’s hard to call swapping a starter for a reserve a winning move, no matter what Cuban says. The winner, so far: Sacramento.

Feb. 24, 2011: Sacramento acquired guard-forward Marquis Daniels and cash considerations from Boston for a future draft pick. Daniels, who suffered a bruised spine in a nasty collision before the trade last year, was never able to contribute to the Kings before he became a free agent this past offseason. He signed again with Boston, making this deal something of a waste for the Kings. The pick, a 2017 second-rounder is a long way from paying anyone dividends. The winner, so far: Boston.

Feb. 24, 2011: Houston traded guard Aaron Brooks to Phoenix for guard Goran Dragic and a future first-round draft pick. Brooks has spent all of this season in China, and as a restricted free agent in a position similar to Wilson Chandler’s, he might not play at all in the NBA this year. Houston wound up with Dragic, who is averaging a career-high 3.4 APG as the backup to point guard Kyle Lowry. On draft night, the Rockets acquired little-used third point Jonny Flynn for the pick. If Houston can get a useful player in another deal for Flynn, last year’s deadline transaction looks even better. The winner, so far: Houston.

Feb. 24, 2011: Houston traded forward Shane Battier and guard Ishmael Smith to Memphis for center Hasheem Thabeet, forward DeMarre Carroll and a future first-round draft pick. Thabeet is the only remaining player on either of these teams from the deal. Last week I looked at the effect Battier had in his short stint in Memphis last year before signing with Miami before this season. Battier’s clutch three-pointer that proved the difference in Game 1 against the Spurs last season could have made this deal worthwhile on its own. The winner, so far: Memphis.

Feb. 24, 2011: Cleveland traded guard Mo Williams and forward Jamario Moon to the L.A. Clippers for guard Baron Davis and a 2011 first-round draft pick. Initially a swap of point guards, this deal has come to have far-reaching consequences. That draft pick wound up being 2011 No. 1 overall selection Kyrie Irving. Had Irving been in L.A., the Clippers probably don’t make the Chris Paul deal. Davis, who was amnestied by Cleveland and wound up in New York, missed the first part of this season with back and elbow injuries, opening up an opportunity for Jeremy Lin to start. Arguably, this trade significantly altered the course of several teams, and it’s difficult to evaluate at the deal at face value, but let's give it a shot. While it’s hard to discount Williams’ value as a sixth man putting up 13.5 PPG for the vastly improved Clippers, Irving is en route to Rookie of the Year honors and promises even more in years to come for a Cleveland team that’s much better, too. The winner, so far: Cleveland.

Feb. 24, 2011: Charlotte traded forward Gerald Wallace to Portland for center Joel Przybilla, forward Dante Cunningham, forward-center Sean Marks and a conditional 2011 and a conditional 2013 first-round draft pick. This was a salary-shedding exercise for the Bobcats, as they moved into full-scale rebuilding mode. None of the players in this deal are with Charlotte now, and Przybilla recently signed back with Portland. The 2011 pick was used on Tobias Harris, who wound up with Milwaukee. Wallace and his $9.5MM-a-year contract could be on the move again as the Blazers look to retool as well. The Blazers don’t look like they’re headed anywhere remarkable this year, and Wallace’s 13.7 PPG is his lowest since 2004/05. At least the Bobcats, woeful though they may be this season, appear to have a semblance of a plan: The winner, so far: Charlotte.

Feb. 24, 2011: Boston traded forward Luke Harangody and center Semih Erden to Cleveland for a 2013 second-round draft pick. The Cavs picked up a couple of rookie big men on the cheap. Injury limited Erden to just four games for Cleveland last year, but he took over as starting center last month the absence of Anderson Varejao. Coach Byron Scott still played Erden sparingly, however, as he went for just 3.4 PPG and 3.3 RPG in February, and he has since fallen out of the rotation. Harangody averaged 6.2 PPG and 4.2 RPG in 19 minutes a night after the trade last year, but has been little used this year. For the Celtics, this move was essentially meant to clear roster space and out of fear that a homesick Erden would return to Europe. Erden’s still here, but Boston was able to use one of the open slots for Troy Murphy, who averaged 2.6 points and 2.2 rebounds in 10.5 minutes a night down the stretch before signing as a free agent with the Lakers before this season. The winner, so far: Cleveland

Feb. 24, 2011: Boston traded center Kendrick Perkins and guard Nate Robinson to Oklahoma City for forward Jeff Green, center Nenad Krstic, a 2012 first-round draft pick and cash. The Celtics broke up their championship starting five, ranked the most effective five-man unit of the last five years by Basketball Reference metrics, for what turned out to be a startlingly low return. Jeff Green’s heart trouble, which is keeping him out this year, was unforeseen, but even if he returns to the NBA, as expected, next year, it may not be with the Celtics. The team withdrew its qualifying offer when Green failed his preseason physical, which makes him an unrestricted free agent this summer. Meanwhile, Krstic is playing overseas this year and Perkins signed a four-year $32.56MM extension with the Thunder, a contract that pays him less this year than the $9MM the Celtics were set to pay Green. The Celtics gave up plenty for long-term flexibility and cap space. The Thunder continues to grow with Perkins firmly entrenched as the starting center. The winner, so far: Oklahoma City