Well, not quite yet, but we'll get into that. Per Cavs.com, the Cavs have acquired Keith Bogans, as well as two second round picks (from Sacramento: 2015, 2017, both top-55 protected) from the Celtics. What did we give up for the 34 year-old swingman? The trade looks something like this:
- Keith Bogans
- 2015 second round pick (Sacramento, top-55 protected)
- 2017 second round pick (Sacramento, top-55 protected)
- Dwight Powell
- John Lucas III
- Malcolm Thomas
- Erik Murphy
- 2016 second round pick
- 2017 second round pick
You might begin to ask yourself, "Why would the Cavs essentially trade away 3 years of second round picks (including the '15 pick used to get the Jazz trio) and 3 young players for a 34 year-old that played in a grand total of 6 games on the CELTICS last year?".
Two words: cap space. Bogans has a very interesting contract that has full non-guarantees in both the 2014-2015 and 2015-2016 seasons. Not only that, but the contract is for a full $5.25M each year. While it might seem like mortgaging the future at first to anyone looking at this trade at face value, this move may be able to propel the Cavs even greater down the line with proven assets.
In essence, the Cavs are currently over the salary cap at $76.61M (approximately) on the books. The luxury tax is actually set at $76.829M, meaning that the Cavs are just squeaking under, which allows them a little more leniency in the upcoming offseason. The more important thing to note is that, because the Cavs are over the salary cap, they are unable to sign players in free-agency without using exceptions (bi-annual or mid-level) or at the veteran minimum. What they can do however is trade players.
Both Haywood and Bogans have non-guaranteed contracts for next year, totaling nearly $15.7M that are prime for clearing cap space for teams. You can essentially chalk those contracts up to a blank check for players on teams near the cap who are looking for a salary dump. There's a chance that Bogan's contract could be used during this year in the same manner, but don't look for that to happen unless they are in desperate need. This move positions the Cavs to have almost four near-max players on the same roster for years to come. Can you imagine Marc Gasol on this team?
Shrewd move Griffin.