Prior to the NBA’s 2011 Collective Bargaining Agreement, teams could send up to $3 million in cash out in trades, multiple times a season.
To level the playing field and limit rich franchises, teams are capped in the amount of money they can send out and receive over the course of a season (from July 1 to June 30). Last year’s limit of $3.3 million has climbed to $3.4 million for the 2015-16 season.
Some teams have already swapped cash in deals including the $75,000 the Portland Trail Blazers paid the Cleveland Cavaliers in the Brendan Haywood swap.
The Boston Celtics have received $3.1 million, just $300,000 short of the maximum, getting $1.5 million from the Oklahoma City Thunder in the Perry Jones III swap, and $1.6 million from the Miami HEAT with Zoran Dragic.
Miami also sent $1.1 million to the Orlando Magic to take on the contract of Shabazz Napier, limiting the HEAT to just $721,000 in available cash to send out in future trades.
The Magic also received $100,000 from the New York Knicks for Kyle O’Quinn via sign and trade. The Houston Rockets sent $440,000 to the Denver Nuggets for Ty Lawson, and the Golden State Warriors gave the Philadelphia 76ers $1 million for Jason Thompson.
Through the 2014-15 season, a total of $17,428,653 was exchanged. Miami was the biggest spender, while the New Orleans Pelicans received just $41 short of the $3.3 million maximum.
The following details the final tally in cash transactions for the 2014-15 season:
|Oklahoma City Thunder||$1,701,000||$0|
|New York Knicks||$1,500,000||$0|
|Portland Trail Blazers||$1,500,000||$0|
|Los Angeles Clippers||$930,000||$0|
|Golden State Warriors||$0||$0|
|Los Angeles Lakers||$0||$0|
|San Antonio Spurs||$0||$0|
|New Orleans Pelicans||$75,000||$3,299,959|
The Thunder spent $900,000 just to generate trade exceptions, and another $801,000 to reduce their tax bill.
Both New York (35th) and Portland (54th) spent $1.5 million to buy draft picks.
Miami’s included $2.2 million to the Suns in the Goran Dragic deal. The Rockets shelled out $1 million to acquire Corey Brewer, and $1.5 million to dump Omer Asik. Memphis included $1.3 million for Jeff Green.
Brooklyn bought the 39th pick from the Hornets for $880,000, while previously sending $1 million to the 76ers to take on Andrei Kirilenko.
The Clippers needed $630,000 to buy the 56th pick, while also shipping off Jared Cunningham to Philadelphia with $300,000.
As part of the complicated process to acquire Kevin Love from the Wolves, the Cavaliers sent $1.3 million to the Jazz for three players on non-guaranteed contracts.
The Pelicans were creative as well, spending $75,000 to bring in Scotty Hopson, only to ship him out days later in the Asik trade with Houston.
Minnesota included $345,000 to bring in Gary Neal from the Hornets, while Washington included $839,000 in the Ramon Sessions/Andre Miller swap with the Kings.
Finally, the Bulls paid the Magic $1 million to take on Anthony Randolph’s contract.
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