11:07am: The Heat are sending enough cash in the deal to cover Dragic’s salary, reports Adam Himmelsbach of the Boston Globe (on Twitter).
10:49am: The second-rounder going to Boston is for 2020, reports Ira Winderman of the Sun Sentinel (Twitter link).
10:11am: The Celtics are acquiring Zoran Dragic from the Heat, reports Dan Le Batard of the Miami Herald and ESPN (Twitter link). He’s the brother of Goran Dragic, who’s OK with the deal, Le Batard adds. The Heat are also sending out a second-rounder, with another heavily protected second-rounder heading from Boston to Miami, reports Brian Windhorst of ESPN.com (on Twitter). It looks like the Heat aren’t taking salary back in the deal, so they’ll be able to reap luxury tax savings on top of the more than $1.706MM owed to Dragic for this coming season.
Miami has been carrying about $90.9MM in guaranteed salary, above the league’s $84.74MM tax threshold. The Dragic deal won’t take the team under that figure, and the Heat continue to look for takers for Mario Chalmers and his $4.3MM salary, as Marc Stein of ESPN.com hears (Twitter link). Miami would be subject to repeat-offender tax penalties if it’s above the tax threshold at the end of the regular season.
The Celtics use cap space to take in Dragic. Boston is set to complete the David Lee trade later today, but as that move has lingered as unofficial, the C’s have been able to operate as a team with cap space, making moves like the Perry Jones III trade and signing Jordan Mickey for more than two years. Boston had already been in line to carry 16 fully guaranteed contracts for the season ahead, so it would seem Dragic’s place on the opening night roster for the Celtics is not assured.
Miami also whittled its tax bill down with Sunday’s agreement to trade Shabazz Napier to the Magic. The Napier and Dragic deals stand to save the Heat around $11MM in salary and tax penalties combined, depending on other transactions, tweets Brian Windhorst of ESPN.com.