Philadelphia 76ers forwards Rodney Carney, Calvin Booth and a future
No. 1 pick have been traded to the Minnesota Timberwolves to free as
much as $2 million in additional salary cap space for the Sixers to
offer Elton Brand or Josh Smith, multiple league sources said.
No. 1 pick have been traded to the Minnesota Timberwolves to free as
much as $2 million in additional salary cap space for the Sixers to
offer Elton Brand or Josh Smith, multiple league sources said.
Minnesota sends Philadelphia its $2.8 million trade exception from a 2007 deal of Mark Blount to the Miami Heat.
Carney and Booth have been told of the deal, sources said. The deal
can’t be finalized until the NBA trade moratorium is lifted on
Wednesday.
can’t be finalized until the NBA trade moratorium is lifted on
Wednesday.
From Marc Stein/ESPN:
Multiple front-office sources said late Monday that the Sixers are closing in on a deal with the Timberwolves in which the Wolves would absorb the contracts of both Carney and Booth by using the $2.8 million remaining from a trade exception created by Minnesota’s trade of Mark Blount to Miami last October and a separate minimum player exception. It was not immediately known what financial and/or draft considerations might be included in the trade from either side.
Update:
The deal allows the rebuilding Timberwolves, who have long been one of
the worst cap managers in the league, to continue putting themselves in
a position to be a major player on the free agent markets in 2009 and
2010.
the worst cap managers in the league, to continue putting themselves in
a position to be a major player on the free agent markets in 2009 and
2010.
Carney has one year remaining on his contract with a team option for
2009-10, while Booth will come off the books at the end of the upcoming
season, unless a buyout agreement is reached before that.
2009-10, while Booth will come off the books at the end of the upcoming
season, unless a buyout agreement is reached before that.
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