Chicago finalizing a deal to send a second-round draft pick to New Orleans for forward Quincy Pondexter, league sources tell The Vertical.
— Shams Charania (@ShamsCharania) August 31, 2017
Printable View
Chicago finalizing a deal to send a second-round draft pick to New Orleans for forward Quincy Pondexter, league sources tell The Vertical.
— Shams Charania (@ShamsCharania) August 31, 2017
Indicates Pondexter won't play this year, gives NOP some operating room below hard cap. CHI likely uses part of Butler trade exception. https://t.co/kJmV416KXi
— Nate Duncan (@NateDuncanNBA) August 31, 2017
Pels just shed almost 4 mil in salary by trading Pondexter to Chicago
— Bryan (@BryanTNR) August 31, 2017
This frees up $3.8m - might be able to give Dante another mil and sign another min contract - gonna need a SF with QP gone.
Id like to throw in Ajinca for Valentine - or Asik for Lopez - but guessing that how the call started and this is how it ended
What's in it for Chicago? Insurance money? Cash changing hands as well?
I'm totally fine with this.
Rip QPon.
We really had to give up a 2nd rounder to get this injury off the roster
Damn. That wangs chung.
So we're getting nothing but cap relief, eh?
The Bulls will receive New Orleans’ own 2018 second-rounder with no protections, per source.
— Sean Highkin (@highkin) August 31, 2017
Hate to see Q go but if it came down to trading him or cutting grits I would have done the same. Looks like it would cost several 1st rounders to dump Asik...
The Bird Writes says the Bulls mat waive Q-pon. If they waive him are we allowed to resign him after he clears waivers? If they think he can contribute they could bring him back for the minimum and have plenty to sign Dante.
I think the biggest reason we went the QPon route is it gets rid of the leverage other teams had on us since the Hill injury. They knew we were close to the hard cap and wanted to move contracts to sign more players. Every negotiation we entered into would have been greatly skewed against us.
While it sucks to have to give up a 2nd round pick to get rid of QPon, this allows us to sign other players and equalize trade negotiations some from here forward.
It also gets rid of leverage a player like Asik might have in buyout negotiations. If he knows we are trying to clear cap and are backed against the wall he has no reason to work with us on a buyout. Being able to fill out our roster without dealing with Asik gives us more leverage when dealing with him.
It was sort of a best of the worst options trading QPon, but had to be done once Hill went down.
But you guys, I was told that QPon was going to have a big year and that we were expecting him to step it up, but now everyone's okay with us shedding him? Seems inconsistent.
Meanwhile I was arguing that he had hinted that he may not play again as recent as last season and that relying on him to even play, especially play well seemed like a stretch.
Does this change how we feel about him playing through that injury to get us to the first round playoff series where we were swept?
So we will finally hear the cryptic message he had about the medical staff.
Well given the Hill loss, trading him makes no sense unless he is basically done. Otherwise he was the obvious choice to step up and fill the gap. But now it seems he really wasn't going to be active anyway. His career may have ended several years ago, and he's just been ghosting around tweeting like he was still part of the league.
2 open roster spots now. One for Cunningham I guess, and 1 for a replacement SF type who can actually suit up.
Not when the injured guy plays the exact position you need help at, and the other guy is an out of position mediocrity who you aren't even guaranteed of signing.
Dumping QPon right at the moment when you need him most is nothing less than an admission that at the very least you don't know if he would actually be there for you. Missing time would mean little if the staff was seeing him work out and look like himself in the background. If he looked healthy, he'd be the bird in the hand.
But QPon isn't the exact position we need. We need a player that can play the 3/4. QPon plays the 2/3.
We dumped QPon not because he isn't healthy but because we cannot risk the starting 3 position on a player who hasn't played a game in 2 years. They could have very well thought he is good to go but just can't take the risk.
Taking the risk is having no bodies at all. Hard to get riskier than saying, well, we have nobody, but hopefully we can sign somebody. And I mean QPon was listed at 6'7" 220. Hill at 6'7" 225. It's not like they were in different size/weight classes.
Also, given the twerpy guardline, I think the team very much does need a 2/3 type available. Jrue might be the team's biggest guard. There's nobody at all to handle the 6'6"/6'7" wings like Klay.
And again, if QPon were healthy, it would be nuts to dump him when you just lost your other SF. He can't be healthy, or at least not reliably so.
Now its 5.3mil and 2 roster spots to get 2 SFs. Maybe one 3/4 and one 2/3.
Gerald Green???
Wow! I'm surprised you can get a pick for a corpse.
It is reply for Andrew Smith's tweet of - "So.... Can you tell us now Q?".
Very soon @ChrisBHaynes ? https://t.co/b2t0KdlxdC
— Quincy Pondexter (@QuincyPondexter) September 1st 2017
If he asks Haynes to write about his story it might be spicy...
The whole Q-Pon trade:
We send a 2nd to get someone to take him, reminds me of this:
http://www.azquotes.com/picture-quot...g-12-82-96.jpg
You mean he was still on our roster? I mean come on now you got to be kidding right? Someone actually traded for him. Can will pull off the same magic with Asik?
We didn't swap picks. We gave up our 2nd rounder to Chicago to take Qpon.
Wow, looks like Dell also sent cash to Bulls for rights to a 30 year old international player who will never play in the NBA. So, we give up a 2nd and pay part of the salary to unload a smaller expiring contract. Another Dell move.Quote:
Brett Martel? @brettmartel
#Pelicans getting draft rights to international player Ater Majok as part of trade sending Pondexter, 2nd-rd pick, cash to the #Bulls.
Can you link to the salary part? I hadn't seen that posted yet.
And yes, we chose the best of the worst options. Had Solomon Hill not torn his hamstring we wouldn't have needed to do it however he did, so here we are. Exactly what was Dell supposed to do when his starting SF who guards 4 positions went down?
I've heard this draft is very top heavy so that second wouldn't have been very valuable anyway
Pels 2nd rounder will be around 40-50th pick. It is not a hefty price.
This 30 year old is another trade chip to use in trade. Like Latavious Williams earlier.
We can use it in the trade now or at the deadline. Dell has a history in such a small moves...
Wow, we gave up a 2018 2nd rounder AND $2.5 million in cash to rid ourselves of QPon and his $3.8 million salary! Other teams must laugh when they see how easy it is to outsmart Demps.Quote:
Bobby Marks?Verified account @BobbyMarks42
Circling back to the NOP/CHI trade from last week. $2.5M + 2018 NOP 2nd (early 40's) is a steep price by NOP for a salary dump.
Yes, rough. It also depends where the pick falls. But in general it might be a slight overpay if money sent back, still not terrible given our situation.
So we clear the cap space now, have the ability to sign the players we need now, and have no money tied up in a dead contract if we had stretched Qpon.
This would have never happened if Hill didn't get injured but he did. Dell had to make a hard decision but he isn't giving up on this season so he made this move. I have more respect for him than some of the fans around here who already want to phone it in.
Not compared to where 2016 picks "cost" and the fact that 2017 picks will cost more with the increase in annual cash limits that can be used for buying picks this year (from about $3.5 million to $5.1 million)
Quote:
Bobby Marks (@BobbyMarks42)
9/6/17, 9:43 AM
Essentially Chicago paid $1.3M for a pick in the late 30's/early 40's. 2nd rd. picks in 2016 sold for between $2M-$3.5M in that range.
Would have cost the Pels $1.3 million more (assuming no negotiated buyout) to stretch him and keep the 2nd and available cash for trades. Assuming no buyout, would have been about $1.26 million per year for 3 years against the cap.Quote:
Bobby Marks (@BobbyMarks42)
9/6/17, 9:37 AM
Circling back to the NOP/CHI trade from last week. $2.5M + 2018 NOP 2nd (early 40's) is a steep price by NOP for a salary dump.
Early 40s is debateable and even then I wouldn't call it 'steep'. A first rounder would have been steep
And if he's referring to the paltry 2.5mil given, let me introduce him to the 10s of millions of dollars in Asik dead money or overpaying Jrue. Id be much more concerned about that than bloody 2 mil here
Bobby Marks knows a lot about the NBA, but just like every national writer he is looking at it from the wrong perspective in regards to the Pelicans.
1st, his price is based off of the assumption of where the Pelicans will fall during the draft. If instead, we outperform what the national media thinks, then the compensation would be about average. For example this is right around what the Pelicans sold their 52nd pick for in the previous draft.
There's also a premium to keep in mind with needing to dump a salary now instead of selling a pick outright during the draft. A lot more teams with a lot more cap to work with around the draft.
2nd, unlike what Marks thinks stretching QPon was not an acceptable option. We are not just clearing QPon's money off of the books to avoid luxury tax later. We are actively trying to sign another player to our roster, now, today. By trading QPon we not only save ourselves luxury tax money later but we also create a trade exception we can use *now* along with more space from the hardcap than if we had just stretched QPon.
So did the Pelicans likely pay a premium to trade QPon? Probably, depending where our 2nd round pick falls. However given the situation with Hill and the fact that. . .well it's a 2nd round pick, no one should care this much.
As soon as a player is signed that we couldn't have gotten otherwise, everyone will chill out and it will be back to business as usual.
A trade exception allows us to not have to match salaries on a trade. We've basically *already* sent our player out in the trade. In this case QPon. The exception just allows us to bring in another player from another team with a salary up to his exception.
We still have to follow NBA trade rules for any team we are trading with, meaning we'd have to send them *something* back.