Blog Entry

Wow, the Hornets really are broke

Posted on: February 17, 2009 8:08 pm

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.





Since: Feb 27, 2007
Posted on: February 18, 2009 12:50 pm

Wow, the Hornets really are broke

Obviously, the Thunder couldn't possibly afford to sign 5 first round draft picks the next couple years, so they may as well dump a couple for good players with cheap salaries. They have a while before they need to feel pressured to give those picks up though.

Since: Sep 28, 2006
Posted on: February 18, 2009 2:25 am
This comment has been removed.

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