The complex, four-way series of deals involving the Lakers, Pelicans, Hawks and Wizards can become official Saturday. The Lakers would lose their ability to give Leonard a max contract if any of the other teams involved decline to delay the trade. However, those teams are expected to cooperate, according to Marks.
The Lakers and Pelicans agreed on the initial trade in which Los Angeles sent Lonzo Ball, Brandon Ingram, Josh Hart and three first-round picks to New Orleans for Davis. Los Angeles opened up a $32MM salary slot by agreeing to ship Moritz Wagner, Isaac Bonga, Jemerrio Jones and a 2022 second-round pick to Washington, which sent cash to New Orleans. Davis also agreed to waive his $4MM trade kicker.
New Orleans and Atlanta made a big draft-night swap as an offshoot of the Davis trade. New Orleans agreed to move the No. 4 overall pick, forward De’Andre Hunter, they received from the Lakers as well as a late second-rounder along with Solomon Hill‘s contract to the Hawks for two first-rounders, center Jaxson Hayes and guard Nickeil Alexander-Walker, an early second-round pick and a first-rounder next year.
Without the delay, the Lakers could only offer Leonard a four-year, $127MM contract — $11MM less than the max over the life of the deal.
Leonard’s indecision also may cause some other delays.
The Pelicans won’t be able to sign free agent guard J.J. Redick until the Hill trade is finished. Hill is ticketed to the Grizzlies in another trade once the Davis deal is completed. The rookies involved in those proposed transactions, as well as the three young players headed to the Wizards, aren’t allowed to play summer league ball until everything is finalized.