The math is simple: J.R. Smith is set to make $15.7 million next season, however, if he is waived before Sunday, the Cavaliers team — or whatever team he is a member of — only has to pay $3.9 million of that. For a team looking for salary cap savings in this fiscal year, that’s about as good a deal as can be found.
Which is why the Cavaliers listened to trade offers for Smith on draft night, but they didn’t jump at anything reports Chris Fodor of the Cleveland Plain Dealer.
As of now, the Cavs are still trying to make a deal, according to sources familiar with those conversations, but it’s complicated and it has to be the right move, as general manager Koby Altman laid out when recapping the NBA Draft late Thursday night.
“We’re definitely going to investigate what we can do there,” Altman said. “There’s a pain threshold of doing it, going into the tax, which we would have to do in terms of taking back money and the rest of the NBA knowing that we’re in the tax and my job would be getting us out of the tax.”
Those savings are why the Cavaliers may choose to just waive Smith themselves (in a trade they need to bring back $15 million or so in salary, so to pay the tax they need to get a player they really want). Cleveland understandably built a team on expensive, shorter contracts for veteran players around LeBron James — it helped bring them the 2016 title. Now they are still paying a price for that as they want to rebuild around youth, and Dan Gilbert doesn’t want to pay the luxury tax for a team that won 19 games last season.
One way or another, J.R. Smith is going to be a free agent.
Expect him to land with his old friend LeBron James and the Lakers, reports Chris Haynes at Yahoo sports.