Bucks avoid luxury-tax exposure as Pelicans reportedly claim Christian Wood off waivers

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The Bucks’ mission: Win enough to keep Giannis Antetokounmpo long-term.

This summer will present an inflection point. Three Milwaukee starters – Khris Middleton, Brook Lopez and Malcolm Brogdon – will be free agents, and the luxury tax looms. (The Bucks recently signed Eric Bledsoe to an extension, providing some cost-certainty.)

Will Milwaukee pay the luxury tax to keep this team intact? If so, how much tax and for how long? It’s a long way off, but the Bucks ought to start considering the possibility of the repeater tax down the road.

That’s why it was so risky for Milwaukee to waive Christian Wood and sign Tim Frazier. That put the Bucks in jeopardy of paying the luxury tax this season if they won the championship (triggering bonuses in Tony Snell‘s contract) and Wood went unclaimed. Obviously, Milwaukee would probably gladly pay the tax, miss out on payments to non-tax teams and start the repeater clock to win a title this year. But it’s still better to win without those downsides.

Thankfully for the Bucks, they’re off the hook.

Shams Charania of The Athletic:

https://twitter.com/ShamsCharania/status/1108474930688155650

This is a nice pickup by the Pelicans. The 23-year-old Wood has looked good in limited NBA minutes and in the NBA’s minor league. His 2019-20 minimum salary is unguaranteed until that regular season begins. So, this is a low-risk addition with solid upside.

Maybe Milwaukee could use Wood in the frontcourt right now. Nikola Mirotic just suffered an injury that will sideline him a few weeks, and Giannis Antetokounmpo is out for tonight’s game against the Cavaliers with an ankle injury.

It’s unclear how quickly Wood will report to New Orleans, but he could step into the lineup if Anthony Davis misses more time.