ESPN Insider Rumor: CLE-MEM
Posted: Wed Feb 20, 2008 5:17 am
According to an ESPN insider article, the Cavs and Grizzlies are discussing a trade that would send Mike Miller, Brian Cardinal, and Kyle Lowry to the Cavs in exchange for Donyell Marshall, Cedric Simmons, Dwayne Jones, and Ira Newble.
The way I theorize, it's actually two separate deals:
First: Newble, Dw. Jones, Simmons, and Marshall for Miller and Cardinal plus a future first round pick.
Second: Cavs use Trade Exception to acquire Kyle Lowry
Why would Memphis want to give up so much talent for so little? Rumor is that their owner is getting ready to sell the franchise and he wants to set things up so that the next owner and GM have optimum cap space and no long contracts so that the rebuilding process can be swift and smooth.
Using figures from The Storyteller let's look at the financial breakdown for the Grizzlies:
If they decide to go through with this trade, there is an immediate difference in salaries of $3,445,279 going in Memphis's favor. This is due to the margin in the first trade that falls barely within the 125% rule in trades plus the use of the TE on Lowry. Even taking pro-rating into account, that's still big immediate savings for Memphis.
By the end of this season if you compare the salaries of all players involved in the trade, there is a difference of $7,448,441 in Memphis's favor. That is additional cap space that Memphis can use to sign a free agent if they want to.
By the 3rd year, the difference in salaries amounts to $16,630,937 - The combined salaries of Mike Miller and Brian Cardinal for the 2009-2010 season. This is why it make so much more of a difference to Memphis to be able to move Cardinal along with Miller.
Thus, if they take this deal, the total payroll savings by Memphis will be $27,534,657 through the 2009-2010 season, which, by the way, is also the total cost to the Cavs (Not taking luxury tax into account).
In short, the reason why this deal could actually happen is because the Cavs can offer Memphis such a large amount of salary relief. The Cavs are one of the few teams in good position to include Brian Cardinal in the deal and that is the incentive for Memphis to take this deal over other offers for Mike Miller.
There are other teams who could potentially offer more salary relief (Seattle, for instance) but such teams may not be as willing as the Cavs are to take on so much extra salary.
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The way I theorize, it's actually two separate deals:
First: Newble, Dw. Jones, Simmons, and Marshall for Miller and Cardinal plus a future first round pick.
Second: Cavs use Trade Exception to acquire Kyle Lowry
Why would Memphis want to give up so much talent for so little? Rumor is that their owner is getting ready to sell the franchise and he wants to set things up so that the next owner and GM have optimum cap space and no long contracts so that the rebuilding process can be swift and smooth.
Using figures from The Storyteller let's look at the financial breakdown for the Grizzlies:
If they decide to go through with this trade, there is an immediate difference in salaries of $3,445,279 going in Memphis's favor. This is due to the margin in the first trade that falls barely within the 125% rule in trades plus the use of the TE on Lowry. Even taking pro-rating into account, that's still big immediate savings for Memphis.
By the end of this season if you compare the salaries of all players involved in the trade, there is a difference of $7,448,441 in Memphis's favor. That is additional cap space that Memphis can use to sign a free agent if they want to.
By the 3rd year, the difference in salaries amounts to $16,630,937 - The combined salaries of Mike Miller and Brian Cardinal for the 2009-2010 season. This is why it make so much more of a difference to Memphis to be able to move Cardinal along with Miller.
Thus, if they take this deal, the total payroll savings by Memphis will be $27,534,657 through the 2009-2010 season, which, by the way, is also the total cost to the Cavs (Not taking luxury tax into account).
In short, the reason why this deal could actually happen is because the Cavs can offer Memphis such a large amount of salary relief. The Cavs are one of the few teams in good position to include Brian Cardinal in the deal and that is the incentive for Memphis to take this deal over other offers for Mike Miller.
There are other teams who could potentially offer more salary relief (Seattle, for instance) but such teams may not be as willing as the Cavs are to take on so much extra salary.
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