The New Orleans Hornets and Oklahoma City Thunder have completed a deal that sends center Tyson Chandler to the Thunder, according to NBA front-office sources. Sources with knowledge of the trade parameters told ESPN.com that the deal was approved by the league office Tuesday afternoon, with the Hornets receiving forwards Joe Smith and Chris Wilcox in exchange for their best interior defender.
The deal has yet to be announced by the teams, but sources say that the Hornets will also receive the draft rights to DeVon Hardin, who was selected No. 50 overall by the Thunder in the 2008 draft.
Last edited by insidehoops : 02-19-2009 at 05:53 PM.
I don't know why anyone would be surprised by this if it happens.
Teams are trying to save right now and get below the luxury tax threshold. The economy is crumbling and NBA owners and teams are not immune to it. Not just for this season, but the next two seasons. Teams are trying to put themselves in position to weather the predicted drop in season ticket sales, and merchandise, and stay away from having to pay the dollar for dollar luxury tax.
We could see a few more of these moves here shortly.
The salary cap may also go down next season, and with it the tax threshold. I read a story on TrueHoop about the NBA taking out a $175m loan and 15 teams have requested parts of the money, league said they can use it to cover whatever they need to.