Philly out: 2018 Philly 2nd top 55 protected (The thing uses to make a trade legal)
Philly in: Mo Williams ($2,194,500 salary), 700k, 2019 second round draft pick from L.A. Lakers or Minnesota (less favorable)
Cle out: Mo Williams ($2,194,500 salary) 700k cash, 2019 second round draft pick from L.A. Lakers or Minnesota (less favorable)
Cleveland in: 2018 Philly 2nd top 55 protected (The thing uses to make a trade legal)
Why?
Philly gets a 2nd in 2019 that probably won't be all that great (Minnesota). But they do so using 2.2m of cap space they would have to use anyway, and get 700k cash on top of it. So, it is buying a 2nd for 1.5m that they had to spend.
For Cleveland, how much they save will depend on how much JR signs for. But slotting him anywhere from 7-12m, it would save a full 5.5m in repeater taxes and then the 2.2m in salary. So I took off the 700k cash, and it saves 7m.
If JR signs for 14m a year, up the repeater tax another 1m in savings to 8m.
And for those not following, Mo Williams sounds done. Hence the salary dump trade:
However, the Cavs are also highly skeptical that Williams, 33, is planning to return in 2016-17, according to a team source. On Saturday, cleveland.com reported that Williams was strongly considering retirement, according to multiple sources close to him.
The front office has heard the same thing, on numerous occasions, just not from the player. Williams, who battled knee and thumb injuries for much of Cleveland's 2016 title run, will now probably make the full $2.2 million he's owed, unless he reaches a buyout agreement with the Cavs as part of his retirement -- should he choose to end his career after 13 seasons.
http://www.cleveland.com/cavs/index.ssf/2016/08/cavaliers_choose_not_to_waive.html