Done in Miami after three disappointing seasons
The Miami Heat has traded out of the first round of tomorrow’s draft, sending its No. 18 pick and guard Daequan Cook to the Oklahoma City Thunder for the No. 32 overall pick in the second round.
Pat Riley has publicly acknowledged his preference to build through free agency and on the eve of the draft he has held true to his word, opting instead for the added cap space this trade creates.
The move corrects an error made by Riley back in October, when he violated his self-imposed plan to maximize the team’s cap space for the coming off-season and instead chose to pick up Cook’s team option for next season – to the surprise of many, including Daequan. Cook has since regressed, in his fourth and final season under his rookie scale contract.
For Oklahoma City, this deal makes a great deal of sense. The Thunder receives a quality shooter and a top 20 pick for the 32nd pick. And something tells me general manager Sam Presti isn’t done swapping. Now OKC owns three first rounders – Nos. 18, 21 and 26 – and could use them as a springboard to move up a little more.
For Miami, this is a straight salary dump. The Heat not only jettisons the $2,169,857 on Cook’s contract for next season, but also the $1,237,500 salary it would have been obligated to pay the No. 18 selection in Thursday’s draft. In total, the Heat saves $3,407,357. Read more…
While the Miami Heat, and a majority of N.B.A. teams, are focused on headline names being tossed around as possible trade deadline blockbuster candidates, the Heat has more pressing matters to concern itself with as well.
With the Heat attempting to move closer to signing three max-contract players — their own free agent Dwyane Wade and possibly two others – there are a couple of more low-key deadline deals that should be considered in pursuit of that goal.
Below are two suggested trade proposals which would help the Heat in pursuit of that goal:
Suggested Trade Proposal #1
Heat Trade: Dorell Wright, James Jones, 2010 First Round Pick
Heat Receive: Nothing or Expiring Contract(s)
The Heat appear to be faced with the choice of dumping Dorell Wright or paying the N.B.A.’s luxury tax.
Wright is an emerging talent who is expendable only because the Heat is unlikely to be in a position to re-sign him this summer. Trading him would save the team approximately $8 million.
Several teams are showing interest. Memphis is making a strong push. In his fifth year, Wright is a preps-to-pros prospect the Heat selected in the first round (19th overall) of the 2004 N.B.A. draft. He would fit the Grizzlies’ expressed desire to add length, shooting and defense on the perimeter. The Grizzlies are reportedly prepared to offer a 2010 first round draft pick in exchange.
The prospect of trading 26 final games of Dorell Wright in exchange for approximately $8 million in cash and a 2010 first round draft pick merits serious consideration in its own right.
But the Heat has a bigger issue it needs to resolve. It needs to get rid of James Jones’ contract. Read more…