Scoot McGroot wrote:In-N-Out 247 wrote:Scoot McGroot wrote:
Teams can make trades as soon as their season is over.
Hey Scoot - based on what you know let me know if this still works/makes sense under the current rules.
This trade could be done as soon as today using 24/25 salaries:
Rockets trade: VanVleet - $42,846,615 (TO for 25/26 picked up), Holiday - $4,668,000 (TO for 25/26 picked up), Whitmore $3,379,080 & #10 For Durant - $51,179,021. (outgoing salaries - $50,893,695, incoming $51,179,021)
Suns Trade - Durant - $51,179,021 for VanVleet - $42,846,615, Whitmore - $3,379,080 & #10. (Outgoing - $51,179,021, incoming $46,225,695) This deal saves them $4,953,326 in salary which would cut their tax bill by about $27M.
Bulls acquire Holiday - $4,668,000 (using a portion of the Lavine TPE) and a 2nd round pick.
At a glance it would be legal. However, important to remember that Houston would hard cap themselves at the first apron for next season (for receiving more salary in trade than they send out), and luxury tax levels are frozen on the last day of the season, so Phoenix wouldn’t actually be cutting their luxury tax bills for this season.
Ok that's good to know, thought it was calculated at the end of the league year - 6/30.