Nets reacquire Wesley from Hornets, then eat his salary
http://sports.espn.go.com/nba/news/story?id=3085295
EAST RUTHERFORD, N.J. -- The New Jersey Nets opened two roster spots on Monday, trading swingman Bernard Robinson, center Mile Ilic and cash considerations to the New Orleans Hornets for veteran guard David Wesley.
The Nets have told Wesley not to report and the team will eat the guaranteed portion of his $1.75 million contract, general manager Ed Stefanski said. The team will waive Wesley at some point, he added.
Wesley
Wesley's salary will count against the NBA's $55.63 million salary cap. The trade also helped the team get under the league's luxury tax level of $67.87 million, Stefanski said.
Teams have to pay a $1 tax for every $1 they are above the cap figure.
"What it does for us is that it gives us roster flexibility," Stefanski said. "We now have 13 guys, and the max you can have is 15. We feel good about that flexibility going forward."
The Hornets made the deal for similar reasons, immediately waiving Ilic and Robinson.
"This trade gives us more cap and roster flexibility and sets our opening night roster at 14 players," General Manager Jeff Bower said.
Wesley's contract was originally acquired by the Hornets along with cash considerations from Cleveland in exchange for Cedric Simmons on Sept. 29.
The Hornets open the regular season at home on Wednesday night against the Sacramento Kings.
New Jersey had no immediate plans to fill either roster spot it opened in the deal, Stefanski said.
Wesley has averaged 12.5 points and 4.4 assists during 14 seasons in the NBA, including the 1993-94 campaign with the Nets. He played in 35 games for the Cleveland Cavaliers last season, averaging about 10 minutes.
Robinson appeared in 10 games with the Nets after being acquired from Charlotte in January.
A second-round selection in the 2005 draft, Ilic appeared in five games as a rookie in 2006-07, getting one rebound in six minutes. He also appeared in nine games with the Colorado 14ers of the NBA Development League, averaging 5.2 points, 4.0 rebounds and 1.78 blocks.
"In Mile's case, obviously, he's happy," Nets coach Lawrence Frank said. "There was no opportunity for him to play here and that's a credit to the other guys here. I think with Bernard, he was coming around, but the way we looked at it was it was a way to create roster flexibility down the line."
OK...... So why do the trade if both sides were just going to waive all the guys traded???? Is there something I am missing (entirely probable)?
http://sports.espn.go.com/nba/news/story?id=3085295
EAST RUTHERFORD, N.J. -- The New Jersey Nets opened two roster spots on Monday, trading swingman Bernard Robinson, center Mile Ilic and cash considerations to the New Orleans Hornets for veteran guard David Wesley.
The Nets have told Wesley not to report and the team will eat the guaranteed portion of his $1.75 million contract, general manager Ed Stefanski said. The team will waive Wesley at some point, he added.
Wesley's salary will count against the NBA's $55.63 million salary cap. The trade also helped the team get under the league's luxury tax level of $67.87 million, Stefanski said.
Teams have to pay a $1 tax for every $1 they are above the cap figure.
"What it does for us is that it gives us roster flexibility," Stefanski said. "We now have 13 guys, and the max you can have is 15. We feel good about that flexibility going forward."
The Hornets made the deal for similar reasons, immediately waiving Ilic and Robinson.
"This trade gives us more cap and roster flexibility and sets our opening night roster at 14 players," General Manager Jeff Bower said.
Wesley's contract was originally acquired by the Hornets along with cash considerations from Cleveland in exchange for Cedric Simmons on Sept. 29.
The Hornets open the regular season at home on Wednesday night against the Sacramento Kings.
New Jersey had no immediate plans to fill either roster spot it opened in the deal, Stefanski said.
Wesley has averaged 12.5 points and 4.4 assists during 14 seasons in the NBA, including the 1993-94 campaign with the Nets. He played in 35 games for the Cleveland Cavaliers last season, averaging about 10 minutes.
Robinson appeared in 10 games with the Nets after being acquired from Charlotte in January.
A second-round selection in the 2005 draft, Ilic appeared in five games as a rookie in 2006-07, getting one rebound in six minutes. He also appeared in nine games with the Colorado 14ers of the NBA Development League, averaging 5.2 points, 4.0 rebounds and 1.78 blocks.
"In Mile's case, obviously, he's happy," Nets coach Lawrence Frank said. "There was no opportunity for him to play here and that's a credit to the other guys here. I think with Bernard, he was coming around, but the way we looked at it was it was a way to create roster flexibility down the line."
OK...... So why do the trade if both sides were just going to waive all the guys traded???? Is there something I am missing (entirely probable)?
