Tag: Gerald Wallace

Dallas Mavericks v Sacramento Kings

Warriors trade Gerald Wallace to Philadelphia in exchange for Jason Thompson


Players have been traded, but it was all about the money.

The Golden State Warriors agreed to send Gerald Wallace to Philadelphia in exchange for Jason Thompson (Wallace had come to the Bay Area in the David Lee trade with Boston). The Sixers also get some cash and the right to swap the lower of Miami or Oklahoma City’s 2016 picks (the Sixers have the rights to both) for the Warriors’ pick. (That pick swap borders on meaningless, Golden State likely has a top three — top five at worst — record next year.)

Why did the defending champion Warriors make this move? To save money at the end of the bench without hurting their rotation. Former Nets executive and now Twitter star Bobby Marks breaks it down, n0ting you need to consider this move in tandem with the David Lee trade.

Thompson, who has spent his entire career in Sacramento not living up to his potential, is not going to see a lot of playing time behind Marreese Speights and Festus Ezeli on the bench. Thompson provides some inconsistent but at times solid defense, and he doesn’t take a lot of shots on offense.

Why do the Sixers make this move? To add some money to the payroll this season — they want to try to get to 90 percent of the salary cap number, which is the salary floor — plus save some money next summer. Wallace will get $10.5 million in this last season of his contract. Thompson makes “only” $6.4 million this season but has a $2.8 million guarantee next season (on a $6.8 million contract). Don’t be shocked if the Sixers just waive Wallace.

Neither guy is going to make a difference on the court for these teams. This was just moving some money around.

Report: Heat will pay Zoran Dragic’s full salary, Celtics will waive him

Philadelphia 76ers V Miami Heat

The Celtics were at the right place at the right time, getting the Heat’s 2020 second-round pick in exchange for taking Zoran Dragic and his $1,706,250 salary.

Turns out, the trade was even better for Boston than it appeared.

Adam Himmelsbach of The Boston Globe:

Essentially, the Celtics got a 2020 second-rounder for nothing. They don’t even have to pay Dragic.

There’s even a very slight chance a team claims Dragic on waivers, and Boston could use its cash from Miami as pure profit.

Dragic would have cost the Heat more than his full salary in luxury-tax payments. So, it’s worth it for them to pay a team – in money and a draft pick – to take Dragic offer their hands.

Why did the Celtics still have that cap space?

They hadn’t yet officially completed the David Lee-Gerald Wallace trade. Order of transactions matters. If they had made the Golden State trade already, the Celtics wouldn’t have had space for Dragic. The Warriors, who stand to save a lot of money, didn’t mind waiting.

But with Boston’s cap space used, that trade is now official.

Celtics release:

The Boston Celtics announced today that they have acquired forward/center David Lee from the Golden State Warriors in exchange for forward Gerald Wallace and guard/forward Chris Babb.

Babb’s contract is unguaranteed. I expect the Warriors to release him, though the Celtics could have just done that themselves. Maybe Golden State will bring him to training camp.

Harrison Barnes says he hopes to stay with Warriors long term

Cleveland Cavaliers v Golden State Warriors

The Golden State Warriors could sign Harrison Barnes to an extension of his rookie contract anytime between now and Halloween.

Will they is another question. Maybe the better question is can they agree on a price? The Warriors already have five guys on the books making more than $11 million in the 2016-17 season (when Barnes’ extension would kick in) — Klay Thompson, Draymond Green, Andrew Bogut, Andre Iguodala and Stephen Curry. Barnes started all 103 regular season and playoff games the Warriors had in their championship run, and during the season he averaged 10.1 points a night shooting 40 percent from three, plus pulling down 5.5 boards a game. His versatility fits perfectly with what they do. How much is that worth?

Know this, Barnes wants to stay in Golden State. Here is what he told Diamond Leung of the Bay Area Media Group:

“I mean, we just won a championship,” Barnes said. “Of course I’d love to keep this group together for many years to come, you know what I’m saying? So that’s obvious….

“(Warriors co-owner) Joe Lacob has been obviously very vocal about keeping the team together, so therefore I’m not really too concerned about how it’s going to shake out.”

You have to be impressed with how GM Bob Myers and the Warriors front office put this roster together, not just on the court but financially. Every time someone is due to get paid, a big salary comes off the books. In Barnes case, it will be Gerald Wallace (who is supposed to be coming West in the David Lee trade expected to be finalized Monday). Beyond that, when Curry’s deal ends and they look to max him out, both Andrew Bogut and Andre Iguodala’s salaries come off the books. They may be able to retain Bogut and/or Iguodala, but likely at more reasonable prices.

What this means is the Warriors have the money to potentially give Barnes, but what is he worth? Green just got five-years, $82 million ($16.4 million average) while Klay Thompson got four-years, $69 million last summer ($17.25 average). Barnes should make less than those guys, but in the eight-figure range? Probably.

Another question is, will Barnes take much less? If the two sides don’t reach an agreement, Barnes becomes a restricted free agent next summer when more than two-thirds of the league will have somewhere close to max money to offer (thanks to the television deal revenue flooding in). It’s a situation ripe to see Barnes get a big deal the Warriors may not want to match.

Barnes wants to stay a Warrior, and the Warriors want to keep Barnes. But that may not be enough to get a deal done. Just something to watch.