The Memphis Grizzlies, aiming to bolster their scoring and playmaking options on the wing in the increasingly competitive Western Conference, are having discussions about trading for the Miami Heat’s Luol Deng or the Boston Celtics’ Jeff Green in advance of the Feb. 19 trade deadline.
Any Grizzlies offer for Deng or Green is likely to feature the $7.7 million expiring contract of Tayshaun Prince, as well as the promise of future draft compensation to serve as an enticement to complete the trade.
It is not immediately clear how willing Miami would be to trade Deng, who is not even halfway through the first of a two-year, $19.9 million contract he signed with the Heat in the wake of LeBron James’ return to the Cleveland Cavaliers via free agency this past summer.
After James departed, Heat president Pat Riley said “I want this team to be as competitive as it’s ever been.” But he spoke of pursuing two distinct and simultaneous courses of action: trying to stay in the playoff race for the following two seasons – even while the Heat’s 2015 first round pick is owed to the Philadelphia 76ers if it is outside the top 10 – but with a clear focus on maintaining flexibility for the expected availability of several top free agents in the summer of 2016.
With the Heat already at 15-20 as it begins a challenging five-game road trip out west, it is unclear as to how willing Riley might be to sacrifice the former for the benefit of the latter.
Trading Deng could, among other things, damage the Heat’s ability to make the playoffs this season as well as put at risk its ability to clear its first round pick obligation off the books this summer. The pick is top-10 protected for this season and next, and becomes fully unprotected if not previously conveyed.
But trading Deng could also provide the Heat with a far better pick — a top 10 pick — in what is presently considered to be a deep draft this summer as well as with the additional draft pick compensation to be received in the trade. That could set the Heat up quite well for the summer of 2016.
All trade proposals should surely be considered even if not ultimately pursued.
But trade scenarios are complicated.
Deng is earning $9.7 million this season, and he has a player option that would pay him $10.2 million for next season if he exercises it in June. But he also has a trade bonus which, by rule, he cannot waive, in whole or in part, except to make a potential trade legal.
Deng’s trade bonus would be valued at 15 percent of his remaining salary for the season, the amount of which would depend upon the exact day he is traded. If Deng were to be traded today, his bonus would be $840K; if he were traded at the trade deadline, it would be $480K. The amount of the trade bonus, if any, would be allocated entirely to this season.
A straight up trade of Deng for Prince would be legal, but only if Deng were to agree to surrender the vast majority of his trade bonus (all but $20K). Deng would therefore effectively hold veto power over such trade discussions. Read more…