A report came out just after the draft lottery was completed that the Dallas Mavericks are interested in trading out of their lottery pick. Dallas missed the playoffs for the first time in a decade plus, but want to save the salary cap space that the 13th pick in the draft would get in order to pursue Dwight Howard.
Hearing from multiple sources that Mavs likely to trade the No. 13 pick. Want to save cap space for Dwight Howard run …
— Chad Ford (@chadfordinsider) May 22, 2013
“Multiple sources told ESPN.com’s Chad Ford that the Mavs are likely to trade the pick to help create the cap space necessary to make a run at Dwight Howard in free agency. The 13th overall pick has a cap hold of $1,655,300.” [ESPN Dallas]
The first round draft picks come with a cap hold. That means that any player the Mavericks draft at number 13 would count $1.66 million against the cap. If they were to trade that pick for any pick in the first round, they would have at least an $880K hit against the cap. (The Cavaliers’ 19th pick has a cap hold of $1.22 million.)
However, in the second round they could draft any player they wanted from Europe, keep their draft rights and it wouldn’t count a dime against the cap until they came over to the states to play.
Here’s why that is particularly interesting to the Cavaliers- Cleveland owns the 1st and 3rd picks in the second round. [Read more...]