We are now in the first days A.B. – After Bargnani – as the trade between the Raptors and Knicks that will send Andrea to New York is complete.
To recap, the Knicks receive Andrea Bargnani. The Raptors receive Steve Novak, Marcus Camby, Quentin Richardson (via sign-and-trade), a first round draft pick in 2016 and second round picks in 2014 and 2017.
Pinch yourself all you want. This is real.
“We collectively decided that a fresh start for both parties was the best way to move forward,” Masai Ujiri said in a press release. “We wish Andrea all the best.”
Novak will make $10,945,949 total over the next three years, Camby is set to earn $4,383,773 in 2013-14 with an unguaranteed potential salary of $4,177,208 in 2014-15 (only $1,025,889 of that money is guaranteed for Camby in 2014-15, and many still believe the Raptors will buy him out or flip him to a contender before the coming season even begins), while Richardson receives a three-year deal (likely for the veteran minimum of just under $1.4 million per year) where only the first season is guaranteed.
As for the draft picks, Ujiri actually (kind of) traded for the same Knicks’ 2016 first-rounder as part of the Carmelo Anthony trade while he was running things in Denver. The original agreement was that the Nuggets have the right to swap first rounders with the Knicks in 2016, and that still holds true. So essentially, the Raptors will end up with the worse first round pick between New York and Denver in 2016. Still, a first rounder is a first rounder, and few people, if any, thought one would be in play for Bargnani.
In terms of the Raptors cap situation, the NBA set the 2013-14 salary cap at $58.679 million and the luxury tax threshold at $71.748 million. With Bargnani and John Lucas III out and Camby, Novak, Richardson, Tyler Hansbrough and Julyan Stone in, the Raptors will have approximately $74.1 million committed to a pretty mediocre team, so they should look to make a move to get out of tax territory. Amnestying Linas Kleiza and his $4.6 million cap-hit this season remains the most feasible option.
On one final, funny note. Last week when news of the trade first broke, theScore’s Toby Fowlow and Kenny Norton tried to convince Spike Lee that Bargnani could be his new “main man.”
Spike actually responded. With one word. “Nope.”
It’s a word familiar to Raptors fans when it comes to Bargnani.
Your problem now, New York…
(Salary information courtesy of ShamSports.com)