The Lakers and Pelicans are reportedly set to complete the deal July 6. By making the trade then rather than July 30, the earliest the No. 4 pick could be traded as a signed player, the Lakers lose significant cap space.
With the later trade, the Lakers could use about $33 million of cap room then execute the deal with Davis getting his full $4,063,953 trade bonus.
With the earlier trade and Davis reportedly intent on receiving his full trade bonus, the Lakers project to have just $24 million of cap room.
That $9 million difference keeps the Lakers from getting a max free agent or reduces their spending power for role players.
Maybe the Lakers completely understood the ramifications of finalizing the trade July 6. It takes two teams to agree, and perhaps New Orleans – which would have faced complications flipping the No. 4 pick, not gotten him into summer league and had cap space tied up through July – refused to do the trade later.
But it sure doesn’t sound as if the Lakers knew what they were doing.
Ramona Shelburne on ESPN2:
If this was really their plan, they want to have a third star, this should have been central to the conversations with the Pelicans. And my understanding is that it was not, that it went all the way down the road and it was more, it has been described to me as, the Lakers called back – after everything had been discussed – about this.
But Wagner, Bonga and Jones have either positive or negative value. If they have positive value, the Lakers are surrendering even more in this trade. If they have negative value, the Lakers must surrender even more value – in the form of sweeteners – in the trade.
This could all be worth it. A team with LeBron James, Anthony Davis and a third star will be a championship contender next season. That matters most.
But if the Lakers handled this better, they could be in a stronger position to build around their stars. Though stars matter most, supporting casts also factor.
Or maybe New Orleans would have refused if the Lakers requested a July 30 trade date during initial negotiations. We’ll never know. But considering their massive haul, I suspect the Pelicans would have acquiesced if Los Angeles pushed. Perhaps, it would have taken a small additional asset going from the Lakers to New Orleans. But I can’t imagine it requiring more than that.
Now, by waiting until after to agreeing to terms with New Orleans, the Lakers have lost so much leverage. Their desperation shows, and preying teams – Pelicans or otherwise – will look to take advantage.