Tim W. wrote:
I don't think you understand how NBA economics work. Let's break it down.
Before the trade, the Raptors were paying...
Jarret Jack $4.86 million (with $10.8 million remaining over the next two years)
Marcus Banks $4.72 million
David Andersen $2.5 million
That's $12.8 million this year, plus another $10.8 over the next two or $5.22 million next season and $5.58 the season after that, for a total of $23.6 million in guaranteed money.
After the trade, the Raptors are paying...
Peja Stojakovic $14.896 million
Jerryd Bayless $2.292 (with $3.042 million remaining next season)
That's a total of $17.188 million this season and $3.042 next season for a total of $20.23 million guaranteed.
So by making the trade, the Raptors are paying out $4.388 more this season, but saving $3.37 million in total. More importantly it gives the Raptors $2.178 million more to spend this summer and $5.58 more to spend next summer.
The amount the Raptors spent to buyout Peja has absolutely no bearing on how much they can spend this summer. Peja's contract would have expired this summer, anyway, so who the Raptors pay this season is irrelevant to how much they have to spend this summer.
IF there is a free agency period, which is doubtful at this point because of a possible lockout, and the CBA is similar to what it is now, then the Raptors will be more under the cap than they would have had they not made the deal. Barring any more deals, the Raptors will have a payroll of approximately $45 million next summer. Had they not done the trade the payroll would have been approximately $47 million. Like I said, that's $2 million more the Raptors can spend on a free agent, if they wish to.
It's certainly not a home run, but you can't argue that the trade doesn't benefit the Raptors.