Tag: David Lee

Boston Celtics v Golden State Warriors

Report: Warriors will keep Gerald Wallace


The Warriors positioned themselves to save about $24 million by trading David Lee for Gerald Wallace.

They could save an additional $24 million this season by stretching Wallace, but they apparently won’t go that route.

Marc J. Spears of Yahoo Sports:

The Warriors have plenty of time to change their mind. As long as they waive Wallace by Aug. 31, they can stretch him, spreading his remaining $10,105,855 salary over the next three seasons.

Really, there isn’t much incentive to do it before then.

By delaying, Golden State gives itself a chance to use Wallace’s expiring contract to facilitate a trade. Keeping Wallace into September would also allow the Warriors to use his contract in a preseason or mid-season trade.

But a deal is unlikely. The biggest basketball reason not to stretch Wallace is to keep his salary off the books in 2016 and 2017, when Golden State might have cap room to pursue free agents (like Kevin Durant next summer).

If the Warriors keep Wallace, they might give him minutes in a very limited role. Wallace, who turns 33 this month has lost much of the athleticism that once helped make him an All-Star. But he still possess some defensive versatility that would fit well in Golden State’s switching scheme.

The smart financial play is to stretch Wallace. But for building the best basketball team, keeping him is the right move – not for what he can do on the court, but to pay him all his money now rather than taking a small hit later and maybe to use him in a trade.

The Warriors must choose their priority. They have several weeks to decide for certain.

Warriors could save $48 million with David Lee-Gerald Wallace trade

Golden State Warriors v Brooklyn Nets

The Warriors agreed to trade David Lee to the Celtics for Gerald Wallace.

The deal is essentially a salary dump for Golden State. Lee lost his starting job and most of his playing time. Wallace, who turns 33 this summer, looks done as a functional NBA player.

Just how much will the Warriors save?

It’s far more than the difference in salaries between Lee ($15,493,680) and Wallace ($10,105,855). That’s because Golden State projects to be far above the progressive luxury tax.

Let’s start with a few reasonable assumptions:

The Warriors could save even more if they stretch Wallace, which would spread his remaining salary evenly over twice the remaining years plus one (three).

On one hand, stretching Wallace makes sense for owners Peter Guber and Joe Lacob financially. Golden State is almost guaranteed to pay the tax next season, but with the salary cap and luxury-tax lines skyrocketing in coming years, it’s unlikely for the following seasons.

On the other hand, stretching Wallace wouldn’t give the Warriors any more immediate roster-building flexibility. Plus, that would close the opportunity to use his salary in a trade. If they stretch him, he’d also eat into their potential cap room in 2016 – when they reportedly plan to pursue Kevin Durant – and 2017.

Here’s Golden State’s outlook before the trade, after the trade and if they use the stretch provision on Wallace:


  • Salary: $104,896,878
  • Luxury tax: $52,113,291
  • Total: $157,010,169


  • Salary: $99,509,053
  • Luxury tax: $33,654,421
  • Total: $133,163,474

With stretch

  • Salary: $92,771,816
  • Luxury tax: $15,850,678
  • Total: $108,622,494

That’s a saving of about $24 million with the trade. By stretching Wallace, Golden State could increase those savings to about $48 million this season. (Wallace would still make $3,368,618 each of the next two seasons).

The luxury tax is determined on the last day of the regular season, so the Warriors still have a chance to adjust their payroll. But they positioned themselves today to save a lot of money.

Report: Boston Celtics agree to trade for David Lee for Gerald Wallace


David Lee played an important role for the Golden State Warriors in the NBA Finals, but he was not part of their long-term plans and spent much of the season on the bench. After they had hoisted the trophy, Warriors management appreciated Lee’s taking of a lesser role, and agreed with Lee that they would try to find him a new home for next season .

Like Boston.

The Celtics and Warriors agreed to a deal that sends Lee east and brings Gerald Wallace West. Tommy Dee was first to report this, and it has since been confirmed by CSNBayArea.com’s Monte Poole.

Boston needs to send another player west to make the money work; that player has not been finalized but he will not be on a guaranteed deal.

For Boston, this is a good fit. They can play David Lee this year sort of in the Brandon Bass role (Bass signed with the Lakers). Lee is better offensively, even at this point in career, but a step back on defense from Bass. Maybe a couple steps back. Still he can put up points and should mesh well with their young talent.

The Warriors can keep Wallace and save some money, or trade him, but look for Golden State to use the stretch provision to buy Wallace out of his deal. Former Nets executive Bobby Marks laid out why that would help Golden State against the luxury tax (which with Klay Thompson and Draymond Green’s deal was going to get expensive).

Lee took to Instagram to thank the Golden State fans.