Warriors trade Gerald Wallace to Philadelphia in exchange for Jason Thompson
Players have been traded, but it was all about the money.
The Golden State Warriors agreed to send Gerald Wallace to Philadelphia in exchange for Jason Thompson (Wallace had come to the Bay Area in the David Lee trade with Boston). The Sixers also get some cash and the right to swap the lower of Miami or Oklahoma City’s 2016 picks (the Sixers have the rights to both) for the Warriors’ pick. (That pick swap borders on meaningless, Golden State likely has a top three — top five at worst — record next year.)
Why did the defending champion Warriors make this move? To save money at the end of the bench without hurting their rotation. Former Nets executive and now Twitter star Bobby Marks breaks it down, n0ting you need to consider this move in tandem with the David Lee trade.
GSW tax bill drops from $24m to $16m with the PHI trade. Before the GW/DL/JT trades GSW had a tax bill of $38.1m. $22m savings in 2 trades.— Bobby Marks (@BobbyMarks42) July 31, 2015
Pretty good swap of Lee for Thompson plus saving $22m. Management just made GSW ownership pretty happy.— Bobby Marks (@BobbyMarks42) July 31, 2015
Thompson, who has spent his entire career in Sacramento not living up to his potential, is not going to see a lot of playing time behind Marreese Speights and Festus Ezeli on the bench. Thompson provides some inconsistent but at times solid defense, and he doesn’t take a lot of shots on offense.
Why do the Sixers make this move? To add some money to the payroll this season — they want to try to get to 90 percent of the salary cap number, which is the salary floor — plus save some money next summer. Wallace will get $10.5 million in this last season of his contract. Thompson makes “only” $6.4 million this season but has a $2.8 million guarantee next season (on a $6.8 million contract). Don’t be shocked if the Sixers just waive Wallace.
Neither guy is going to make a difference on the court for these teams. This was just moving some money around.