When a team executive told me recently that the New Orleans Hornets would be actively trying to dump salary by Thursday's trade deadline because, "They're broke," he wasn't kidding.
The salary dump has begun, and there will be more where that came from across the league.
Tyson Chandler's numbers were down this season, but not enough to justify trading him to Oklahoma City for Chris Wilcox, that annual trade-deadline, expiring-contract favorite, Joe Smith, and the rights to the Thunder's 2008 second-round pick, DeVon Hardin.
The move saves the Hornets about $11.5 million next season, depending on what they do with Hardin, and $12.75 million in 2009-10. Both Wilcox and Smith are on contracts that expire after this season.
The Thunder are very likely not done. The rights to Hardin and the aforementioned expiring contracts were only the tip of the iceberg in terms of tradeable assets GM Sam Presti has at his disposal -- not the least of which are five first-round picks in the next two drafts.