Updated – 5:42PM
New York, Dallas have reached agreement in principle on trade, league sources tell Yahoo Sports.
— Adrian Wojnarowski (@WojYahooNBA) June 25, 2014
Knicks send Chandler, Felton to Dallas for Calderon, Larkin, Dalembert, Ellington and No. 34 and 51, sources told ESPN. Deal is done.
— Jeff Goodman (@GoodmanESPN) June 25, 2014
Well, here it is folks!
The Knicks are to receive:
- Jose Calderon
- Samuel Dalembert
- Shane Larkin
- 34th and 51st pick in this year’s draft
- Wayne Ellington
In exchange for:
- Tyson Chandler
- Raymond Felton
Why is this such a noteworthy trade, if it happens? Well, for one, the Knicks will clear up about $5 million in cap space this season. Also, Samuel Dalembert only has $1.8 million guaranteed for this coming season. What does that mean? They can waive him, pay him the $1.8 million, and get an additional $2 million in cap space for this season.
Now, we all know about Shake Larkin and he’s still a work in progress. Wayne Ellington is also a rumored name, but he has an expiring contract after this coming season.
So, at the expense of losing a formidable defender in the paint in Chandler and a lazy player with a bloated contract in Felton, the Knicks get a player perfect for the triangle in Calderon and a prospect to train in Larkin.
Well done, Phil.