By Anthony Caruso III | Publisher
The Oklahoma City Thunder were cash-strapped with the contract of Carmelo Anthony. He really hurt the franchise by opting in to his 2018-19 contract worth nearly $30 million.
Anthony, who is a declining player, was then informed recently that the team would move on. They told his representatives that they would trade or release him.
On Thursday, Anthony was traded to the Atlanta Hawks. The forward is expected to be bough out by the team in the near future.
In the deal for Anthony, the Thunder are receiving point guard Dennis Schröder. Initially, Mike Muscala was supposed to join Schröder in Oklahoma City.
Instead, Muscala is being re-routed to the Philadelphia 76ers. Philadelphia is shipping Timothé Luwawu-Cabarrot to Oklahoma City and Justin Anderson to Atlanta, as part of this deal.
The Thunder are also sending the Hawks a 2022 lottery-protected first round (1-14). If Oklahoma City is not in the lottery that season, the pick will then become two second round picks.
Despite receiving Schröder and sending a potential first-round draft pick away, Oklahoma City is getting huge cap relief in this deal. The team is going to save around &100 million with his salary and luxury tax by trading Anthony.
Schröder is a bargain in NBA terms with so many ballooned salaries. He’s making $15.5 million per season, who could stay with the team or be moved at a later date.
The Hawks will pay Anthony his $27.9 salary, then be bought out.
Once Anthony is bought out by the Hawks, he’s expected to sign with the Los Angeles Lakers or the Houston Rockets. He will receive the veteran’s minimum ($2 million).
He reportedly also met with the Miami Heat in Las Vegas recently.
Anthony has previously said he will not accept declining role with his new team. He stated he will not come off the bench.
If he signed with the Lakers or the Rockets, the likelihood is that he may come off the bench.