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Mavs, Knicks Close To Chandler, Calderon Deal

4:04pm: The 51st overall pick in Thursday’s draft would go to the Knicks, too, Wojnarowski tweets.

4:01pm: The Mavs would also send the 34th overall pick in Thursday’s draft to New York, Wojnarowski adds (on Twitter).

3:58pm: The deal will be finalized today, according to Adrian Wojnarowski of Yahoo! Sports (Twitter link).

3:36pm: The teams are on the verge of an agreement, Stein writes in his full story. Wayne Ellington and future second-round draft considerations would also go to New York, Stein adds. The deal could be finalized before July 1st with the inclusion of Ellington, who allows it to meet salary-matching requirements.

3:19pm: The Mavs and Knicks are in advanced discussions on a trade that would send Raymond Felton and Tyson Chandler to Dallas in exchange for Jose Calderon, Samuel Dalembert and Shane Larkin, reports Marc Stein of (Twitter links). Dallas would have to give up additional players in order for the trade to become official before July 1st, though it seems likely the teams envision completing the trade after the July moratorium, when it wouldn’t send the Mavs over the luxury tax line and trigger stiffer salary-matching constraints.

Such a proposal in its current form would allow the Knicks to clear a significant amount of salary, though it probably wouldn’t be enough to clear cap room if Carmelo Anthony re-signs. It would similarly crimp the Mavs’ pursuit of Anthony and other top-tier free agents, though it seems reasonable to suspect there may be other players involved.

Dallas has coveted Chandler, whom the team gave up in 2011 after he helped the Mavs to their only NBA title. Knicks president Phil Jackson denied a report that he told Felton to expect a trade this summer, but the point guard is coming off a subpar season and agreed this week to plead guilty to a felony gun charge in a plea agreement that will allow him to avoid jail time. Other reports have linked the Knicks to soon-to-be free agent point guards.

The deal would remove some of New York’s flexibility for the summer of 2015, since Calderon’s deal has him making more than $7.4MM in 2015/16 and more than $7.7MM in 2016/17. Still, it would be the only guaranteed salary on the books for New York past this season, though J.R. Smith has a player option worth nearly $6.4MM. Similarly, the move would allow Dallas more cap flexibility for that summer, since Chandler’s contract is up after next season and Felton’s player option for 2015/16 is about $3.95MM.

Dalembert’s approximately $3.867MM salary is partially guaranteed for $1.8MM next season. He also has a 15% trade kicker on his deal that the Mavs would be responsible for paying. Chandler would receive $500K from the Knicks thanks to a trade kicker in his deal.

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8 thoughts on “Mavs, Knicks Close To Chandler, Calderon Deal

  1. Kevin6CD

    Not a Mavs fan, but if I were, I would not be pleased if this goes through. Calderon and Dalembert are cheaper, for one, and I really don’t think the gap between Dalembert and Chandler makes up for the gap between Calderon and Felton.

    • I have to agree. Not being a Mavs fan either, without doing research I’m really not too caught up with their financial situation for next season and future seasons, but finances aside I don’t see how this improves their team. Calderon has always been a top three point shooter and free throw shooter, as well as a high assist PG. Meanwhile, Felton had one of his worst shooting season of his career last year and his free throw percentages has dropped significantly in each of the last 3 years. Chandler might be viewed as the better center but neither are known for their scoring and their block numbers are almost identical, as well as their PER. Poor trade for the Mavs in my opinion. Maybe Phil actually knows what he’s doing.

      • Ralow

        Cap flexibility in 2015 is why Dallas is doing this. They get rid of Calderon’s deal which goes to 2017. Chandler’s $15M goes away after this season. THAT is why they were forced by Phil to take on Felton.

        • alphakira

          Even if that were the case and they’re going to let Chandler walk as you presume, you mean to tell me they traded the Knicks 2 draft picks in a deep draft, a young PG (and much better PG than the one they got), and a serviceable 3 point shooter for what amounts to maybe 5 million saved next year all while being stuck with Felton? Huh?

  2. Harris K.

    Good trade for the Knicks at face value, but a little questionable that they’re willing to take on Calderon even though he’s older and signed long term. Hopefully they can snag Patrick Young with that 34th pick though.

  3. alphakira

    Felton’s player option is for $4,540,00, not $3,950,000 according to Hoopshype, which is correct?


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