• Loading stock data...
Sunday, April 14, 2024
  • -
  • -
  • -
  • -

NBA Teams Embark On Trade Season, Balancing Talent And Taxes

  • The Warriors will take a big tax hit next season before finding flexibility in 2024.
  • Championship contenders are rebuilders alike are sorting through their finances.
Cary Edmondson-USA TODAY Sports

As it does every summer, the NBA landscape is shifting. New stars are finding new homes, and teams are searching for fresh strategies to stay in championship contention — or get one step closer to it.

The move with the biggest business implications: Chris Paul landed with the Golden State Warriors in a trade sending guard Jordan Poole to the Washington Wizards.

While adding Paul, 38, will certainly be an interesting fit for the Dubs on the court, the first big trade under new general manager Mike Dunleavy Jr. looks like a cap-savvy move to maximize the team’s future spending. 

Although the Warriors are currently projected to pay $48.5 million in luxury tax next season, per Spotrac, moving Jordan Poole’s remaining $128 million over the next four years helps Golden State avoid larger tax penalties down the line and sets them up with prime financial flexibility ahead of the 2024-25 season.

Two other trades will likely keep other championship contenders in the luxury tax, too. 

After acquiring guard Bradley Beal from the Wizards, the Phoenix Suns are forecasted to pay about $16 million in tax next year. The Boston Celtics are estimated to owe $13 million after bringing on forward Kristaps Porzingis from Washington.

Meanwhile, the Wizards — at the center of all these deals — appear to be in rebuild mode under Michael Winger, who became president of Monumental Basketball this offseason.

This comes as the Qatar Investment Authority is injecting potentially $200 million of cash into Wizards owner Monumental Sports & Entertainment.

Copy Link
Link Copied
Link Copied

What to Read

Salt Lake City About to Land NHL’s Coyotes (Minus Their Name)

Salt Lake City’s NHL franchise will have a new name.

NFL’s Expanded Helmet Options Come With a Perk: More Merch

Teams can now add a third helmet design to their overall look.

Another Green Jacket and $3.6M: Scottie Scheffler Wins the Masters

The Masters offered a tournament record purse of $20 million this year.

Fever Keeping Plans Quiet (for Now), Unlike Spurs and Blackhawks

The Fever’s business approach differs from recent rookie phenoms in other leagues.

Featured Today

Women’s Basketball Finally Has a TV Deal to Match the Excitement. Now What?

A lucrative new media-rights contract could rectify problems of the past, but the future of March Madness media rights is anyone’s guess.
Mar 16, 2024; Washington, D.C., USA; North Carolina State Wolfpack forward DJ Burns Jr. (30) cuts the net after defeating the North Carolina Tar Heels for the ACC Conference Championship at Capital One Arena.
April 6, 2024

How Two College Seniors Helped DJ Burns Cash In on a Final Four Run

Two college seniors are facilitating deals for NC State’s big man.
Mar 31, 2024; Portland, OR, USA; NCAA officials measure the three point line while coaches from the Texas Longhorns and NC State Wolfpack watch with referees in the finals of the Portland Regional of the NCAA Tournament at the Moda Center center.
April 1, 2024

NCAA Has No One to Blame for Latest Women’s March Madness Transgressions

NCAA is still making avoidable mistakes three years after a complete overhaul.
Nov 16, 2015; Bloomington, IN, USA; General view of the championship banners at Assembly Hall prior to the game between Austin Peay and Indiana.
March 31, 2024

How to Make It in Basketball: Become a Manager at Indiana

Inside the Hoosiers’ unglamorous, profoundly rewarding incubator for basketball’s biggest names.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Multiple - USA Careers
Multiple - USA Careers
Dunham's Sports
Multiple - USA Careers

Orioles Call Up Jackson Holliday Right Before Service Time Cutoff

Holliday is still in line to earn a full year of MLB service time.
April 3, 2024

A’s Could Be Inching Toward Sacramento Move After Week of Local Meetings

Oakland wants the A’s to pay top dollar on their way out.
April 9, 2024

Champions League Hosts Ramp Up Security Amid ISIS Threat

Cities are increasing police presence after social media posts.

Rapid Returns: How Technology Is Getting You Back to Your Seat

How Oracle’s POS technology is helping fans get back to their seats faster.
April 2, 2024

Larry Lucchino, One of Baseball’s Most Influential Executives, Dies at 78

The former Red Sox president and CEO helped lead the resurgence of that franchise.
March 29, 2024

A-Rod Group Vows to Take ‘Whatever Actions Are Necessary’ in Fight for Timberwolves

The fight to for control of the Timberwolves is far from over.
March 29, 2024

Saints Say Brand-New Cafeteria Has Nothing To Do With Player Complaints

Fixing the situation will involve relocating training camp 1,900 miles west.
March 29, 2024

A’s Face Uphill Battle: Fans Protest on Opening Day As Vegas Move Looms

The club draws a sparse crowd for Opening Day, with likely many more such games to come.