A breakdown of the three-team trade, four-player trade by The Vertical Front-Office Insider Bobby Marks, a 20-year executive with the Nets.
THE THOUGHT PROCESS
Michael Kidd-Gilchrist’s season-ending injury pushed Hornets management to get a quality shooting guard in Lee. With the Lee addition, Nicolas Batum can slide to his natural small forward position.
With little separation in the East, the Hornets could not afford to take a step back without Kidd-Gilchrist, especially if they want to keep playing in late April.
Miami obtains a veteran point guard in Brian Roberts while also saving significant money in luxury-tax penalties.
The shoulder injury to Tyler Johnson created a void for a third point guard.
This is a bit of a head-scratcher for Memphis. Swapping out Lee, 30, for the 37-year-old Andersen and a bench player in P.J. Hairston does not add up on paper. Andersen has missed most of the season with knee issues, and the Grizzlies will be restricted in what they can offer Hairston in free agency.
Although Lee will be a free agent in the offseason, Memphis was positioned well in its playoff push.
Although the Grizzlies did get four second-round picks, it’s tough to give up a proven commodity such as Lee.
SALARY-CAP AND LUXURY-TAX IMPACT
Swapping out Roberts and Hairston will see the Hornets' salary cap increase from $76.6 million to $78.1 million.
The Hornets are under the tax and there are no tax implications.
Charlotte will have a $10.7 million free-agent cap hold for Lee in July. If Lee signs elsewhere or is renounced, the cap hold will be released.
The Heat will see their luxury tax bill drop from $14.2 million to $8.7 million, saving $5.5 million.
Roberts is in the last year of his contract and there are no cap implications for 2016-17.
Obtaining Andersen and Hairston will see the Grizzlies’ cap number increase from $82.6 million to $83.2 million.
Memphis is roughly $1.5 million below the luxury tax.
Andersen and Hairston are both in the last years of their contracts and there are no cap implications for 2016-17.
Charlotte will open up a roster spot with this trade.
Memphis and Miami now have 15 guaranteed contracts.
Lee is in the final year of a $21 million contract signed with Houston before being traded to Boston in 2012.
Lee’s salary this season is $5.6 million, and he will have full Bird rights in July.
Roberts is in the final year of a $5.5 million contract signed in 2014.
Roberts’ salary for this season is $2.8 million, and he will have early Bird rights in July.
Andersen is in the final year of a $10.3 million contract signed in 2014.
Andersen’s salary this season is $5 million, and he will have full Bird rights in July.
Hairston is in the second and final year of his rookie contract, which he signed in 2014.
Hairston’s salary this season is $1.2 million.
Because Hairston’s third-year option was declined, Memphis can only offer him a contract starting at $1.2 million this summer.
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