JULY 7: The deal is now official, according to NBA.com’s transactions log. Golden State is receiving guard Julian Washburn, who was on a two-way contract with Memphis last season, while the Grizzlies get $2MM in cash considerations in the deal, as well as Iguodala and the draft pick, tweets Shams Charania of The Athletic.
JUNE 30: The Warriors have reached an agreement to trade Andre Iguodala to the Grizzlies, reports ESPN’s Adrian Wojnarowski (via Twitter). Memphis will also receive a 2024 first-round pick (top-four protected) in the deal, according to Wojnarowski.
Moving Iguodala became a virtual necessity for Golden State once the team agreed to acquire D’Angelo Russell from the Nets in a sign-and-trade deal. The Warriors will pay Russell the maximum salary of $27MM+ in 2019/20.
After taking into account Russell’s salary, Klay Thompson‘s new max deal, and the rest of the team’s commitments, the club was in danger of surpassing the $138.9MM tax apron, which isn’t permitted — when a team acquires a player via a sign-and-trade, it becomes hard-capped at that figure, so shedding salary became a must.
It appears likely that Shaun Livingston and his partially guaranteed $7.7MM salary will be on the way out as well. ESPN’s Bobby Marks breaks down the Dubs’ financial situation more thoroughly via Twitter, but it seems safe to say that the club won’t be able to bring back several of its own free agents, including Kevon Looney.
As Chris Herrington of The Daily Memphian observes (via Twitter), the Grizzlies will be able to take on Iguodala’s $17MM+ salary using the $25MM+ trade exception they’ll create when they officially send Mike Conley to Utah. The team should still be able to retain Delon Wright without going into the tax, but bringing back Avery Bradley appears unlikely, Herrington adds. Kyle Korver seems unlikely to remain in the picture in Memphis either.
It’s not clear whether Iguodala will stick with the Grizzlies. David Aldridge of The Athletic (Twitter links) suggests that Memphis would like to have Iguodala act as a veteran mentor to the team’s young players, but cautions that he wouldn’t rule out the possibility of a buyout. If the veteran swingman is bought out, he wouldn’t be eligible to re-sign with the Warriors in 2019/20.
Whether or not the Grizzlies retain Iguodala, it’s clear that the 2024 first-rounder is the prime asset in the deal. That pick will become top-one protected in 2025 if it doesn’t convey in 2024, according to Woj, who adds that it would be unprotected in 2026 if it doesn’t convey in either of the first two years.
Iguodala, who joined the Warriors in 2013, was a key part of the team’s run of success over the last several years. He won three titles with the club, earning the NBA Finals MVP in 2015.
Photo courtesy of USA Today Sports Images.