For a team only lukewarm on paying the luxury tax, the Bucks are in a payroll crunch. Khris Middleton, Brook Lopez, Malcolm Brogdon and Nikola Mirotic will be free agents this summer.
That’s why Milwaukee was trying to unload Tony Snell or Ersan Ilyasova.
But if they re-sign their key free agents to multi-year deals, the Bucks could face more payroll/tax concerns in 2020-21.
That’s why Milwaukee is willing to deal Snell and its first-round pick for Jon Leuer‘s burdensome contract – which carries a slightly lower salary than Snell’s next season ($9,508,043 vs. $11,592,857) and, more importantly, ends one year before Snell’s ($12,378,571 player option for 2020-21),
Adrian Wojnarowski of ESPN:
This trade lowers Milwaukee’s team salary by about $4 million next season and $14 million the following season.
The Bucks could stretch Leuer and reduce team salary by an extra $6,338,695 next season. But that’d also lock in a cap hit of $3,169,348 each of the next three years.
Milwaukee can make that decision later in the summer. It’ll depend what other free agents – especially Lopez, who has only Non-Bird Rights (technically a form of Bird Rights – command. Clearing extra money this offseason could be useful in multiple scenarios.
If Lopez signs for the non-taxpayer mid-level exception (which projects to start at about $9 million), the Bucks could maintain Bird Rights for Middleton, Brogdon and Mirotic then exceed the cap to re-sign those three. But Milwaukee would be hard-capped at a projected $138 million. Stretching Leuer could help the Bucks stay under that line.
If re-signing Lopez requires more than the mid-level exception, Milwaukee could open about $14 million in cap space by waiving George Hill and renouncing all its free agents besides Middleton and Brogdon. Stretching Leuer would open even more cap room to spend on Lopez.
If Lopez leaves, the same math applies to an outside free agent who could get the mid-level exception or cap room.
This extra maneuverability comes at a cost, though a reasonable one.
Snell, who fell from the Bucks’ rotation, could be the Pistons’ starting small forward next season. Detroit was desperate for wing depth. Though Snell isn’t the biggest wing, he adds size to a group comprised of Luke Kennard, Bruce Brown and Langston Galloway.
The No. 30 pick is a helpful piece to the Pistons, who also have the No. 15 pick in tomorrow’s draft. But this is a weak-looking draft that thins considerably before the end of the first round.
Milwaukee also had to take Leuer, who has been ineffective for years.
Detroit gets helps now with Snell and potentially later with the No. 30 pick. In between, that extra year of Snell’s contract looks burdensome.
The Bucks are just happy to have it not be theirs.