Someone Below The Cap Receives: Tony Allen + $3mil in cash considerations
Boston receives: Nothing
Team Under The Cap
This mystery team under the cap (for example, the Memphis Grizzlies) would turn a profit — the difference between $3mil and Tony’s contract ($2.5mil?) which I think is about $500k — and would then have the choice about whether to keep Tony on as a player or whether to buy him out.
The Boston Celtics would do this to rid themselves of the luxury tax payment, which will make it easier for them to spend money in other areas this offseason …. and to open up a roster spot for themselves.
A great trade for both sides. I hope Boston does this.