And there's the last big player to be traded.  So much for my off the cuff joke in a post I was writing about Jason Kidd going to the Knicks for Zach Randolph.  See this Yahoo! story for the details of the trade.

Basically it is Kidd and Malik Allen for Devin Harris (young talent!), Jerry Stackhouse (expiring contract!), DaSagana Diop (expiring tall contract), Devean George (more young talent), Maurice Ager (more young talent), $3 million, two future #1 draft picks (worthless!). 

Also, Antoine Wright got sent to the Mavs for a 2nd rounder (really worthless!).

Jason Kidd's cap # is $19.73 million, and $21.37 million next year. 
Antoine Wright is $1.68 million this year.
Malik Allen is under a million for this year.  Neither Wright nor Allen were on the cap for past this season, so the Mavs aren't acquiring any long range salaries here.

That second trade drops the Nets to under the luxury cap number, meaning it's worth about an extra $2.5 million for the Nets.

The contracts the Nets picked up:
Jerry Stackhouse costs $6.75 million this year.
Devin Harris costs $4 million for this year, and $7.8 next year.
Devean George costs $2.37 million this year.
Diop is $2.15 million this year.
Maurice Alger is the longest contract in the trade, but its a rookie contract - it costs under a million this year, a little over a million next season, and then a team option for under two million in 2009 before he becomes a restricted free agent.

The Nets save almost $5 million this year alone, definitely keeping them from paying the luxury tax, and making them eligible for the luxury bonus of $2.5 million that every team under the cap gets from the NBA.

Next season the Nets save (presuming they don't re-sign Diop, Stackhouse and George) $12.5 million on their cap, dropping it down from $59.97 to around $48.4 million.  That means they can sign a few free agents this offseason.  With Stromile Swift and Harris set to come off the cap at the end of the 2009 season, they would still be in a prime spot to try to sign some free agents in that well-stocked class (Rasheed Wallace, Elton Brand, Baron Davis, Andre Miller, Mike Bibby and Carlos Boozer are possible free agents that year).

Not sure the Nets got enough, but cap flexibility seems to be the goal of most of these teams dealing this season - the Grizzlies, Heat and now Nets have all created some nice cap space for themselves.  It'll be interesting to see if these teams, particularly the Grizzlies and Nets, attract any free agents this offseason....


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5 Comments

Comments

[February 13, 2008 5:51 PM]  |  link  |  reply
Rickhouse said

I hate the way the NBA salary cap is set up. Teams get rewarded for making mistakes on big money contracts and get good players in return. Then, now that teams like Memphis and New Jersey have cap space, they are going to end up over paying for someone like Josh Smith, Ben Gordon, or Igoudala. I feel like the whole system is entirely flawed, if a GM makes one mistakes, he's screwed.

How do you feel about guaranteed contracts? I almost always side with the players rather than the owners, but guaranteed contracts are ruining the NBA.

[February 14, 2008 1:08 AM]  |  link  |  reply
MODI said

SML, you're slipping off your game! Devean George blocked the trade!!!

[February 14, 2008 3:26 AM]  |  link  |  reply
Jethro said

Have to say I LOVE the cap system in the NBA right now...it's possible for a team to go over the cap (see Lakers/Mavs) if they deem it necessary - this provides the needed flexibility for trades and such - but the playing field is so much more level that even these teams actively try to avoid it 95% of the time. Also guys like Darko or Kwame who would have had max contract offers based on "potential" alone don't get those anymore. The Jon Koncak's of the world don't get rewarded for size or potential nearly as often or as much. I just know when I'm complaining about a Radmonovic or Walton signing of only 4 or 5 million, something is right with the cap system...

...and it's a heck of a lot better than baseball :)

[February 14, 2008 9:53 AM]  |  link  |  reply
stopmikelupica said

Rickhouse's question is an awesome one. I was going to prepare a longer post with my response, because it warrants discussion. But in short: I think the NFL's system of non-guaranteed contracts with a cap (only bonuses are guaranteed in the NFL) lends itself to a high turnover, burn-n-churn system of producing players. If I have a second, I'll do more research into the matter, but I'm better that less than 20% of the 2002 NFL rookie class is still in the NFL today; I'm betting that in the NBA that number is higher.

The point is that in the NFL you really are, to paraphrase the Seinfeld bit, just rooting for the laundry or uniform. There's no continuity, except maybe in the key positions - QB, RB, WR. Even then if there is a cheaper alternative, than it will eventually win out (see Cedric Benson over Thomas Jones in Chicago, for example). The Patriots and Colts are deceptive; they are anomalies, products of extreme luck/skill in the selection of talent. Most teams in the NFL are like the 2001 Bucs, 2002 Raiders, 2003 Titans, 2006 Bears, or 2007 Giants - one year successes which will bare no resemblance within 3-5 years.

The NBA, on the other hand - even teams that don't win it all maintain some degree of continuity. The Suns have been The Suns since 2004, even with all their turnover in that time (Q-Rich, Joe Johnson, Shawn Marion all replaced in the starting lineup). The Mavs have been the Mavs pretty much for the same period, too. The Bulls have been Hinrich-Gordon-Deng for about three years now, and while I'm almost positive Gordon will be gone soon (Thabo just looks like a solid replacement for much cheaper), I would be shocked if Hinrich or Deng aren't back next season.

Guaranteed contracts do make the GMing in the NBA much more interesting for fans. That's why trades, and trade speculation, is much greater in the NBA than in the NFL. There's a reason NFL player's careers are much shorter - unless you are really a stud, no one is going to keep you around for more than 3-5 years before cutting you.

It's a great question, and I think I'll try to tackle it in a longer post someday soon....

[June 30, 2008 1:56 PM]  |  link  |  reply
Greg said

This trade made me dislike the Mavs and lose a bit of respect for Cuban. Kidd should have only been worth something to a team better than the mavs that didnt have a point guard as good a jason kidd because the mavs adding kidd increased their chances of winning the title from like .3% to 1%. the only teams that had could at all justify trading for him were houton, LA, and Orlando. The nets basically got devin harris, diop, and two first rounders for next to nothing. And the way the west is looking now those picks could easily be in the lottery.




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