Oladipo-LeVert Deal Complete; Pacers Get Additional Compensation

The Rockets and Pacers have officially completed their swap of high-scoring guards, with Caris LeVert going to Indiana and Victor Oladipo heading to Houston, Shams Charania of The Athletic tweets.

It’s part of the four-team blockbuster that sent former Most Valuable Player James Harden to Brooklyn, even though all other aspects were officially announced earlier this week. LeVert was acquired by the Rockets in that trade.

The part of the deal flipping LeVert to Indiana initially looked like it would be completed as a separate transaction, which would’ve allowed the Rockets to maximize the value of a trade exception created in the original trade.

However, an additional second-round pick and cash are being sent to Indiana due to an issue discovered in LeVert’s physical, per Charania, requiring the trade to be formally completed as a four-teamer.

[UPDATE: LeVert Out Indefinitely Due To Small Mass On Left Kidney]

In addition to Oladipo and a 2023 second-round pick (from the Rockets), the Pacers are also receiving cash and a 2024 second-round pick, says Charania. That additional pick, which is coming from Cleveland, was originally supposed to land with the Nets.

Per RealGM’s list of traded picks, the two picks headed to Indiana will technically be the least favorable of Houston’s, Dallas’, and Miami’s 2023 second-rounders; and the least favorable of Cleveland’s and Utah’s 2024 second-rounders.

With all aspects of the deal now completed, Harden is available to play Saturday for the Nets. Brian Mahoney of the Associated Press tweets.

Oladipo will be an unrestricted free agent at the end of the season and the Pacers feared they wouldn’t be able to re-sign him. In contrast, LeVert is in the first year of a three-year, $52.5MM contract. Both players have missed time in recent years due to injuries, but are healthy and playing well this season.

“We want to thank Victor for what he gave to the Pacers through his play, his diligence in rehab coming back from a serious injury, and his community efforts,” Pacers president of basketball operations Kevin Pritchard said in a statement confirming today’s deal. “These decisions are obviously never easy and this one in particular was hard because of our relationship.

“Caris is a high-quality person who will fit in with what we as an organization are doing, on and off the floor. He’s a versatile young talent who we think will be a great fit with the direction our team is taking. He can play multiple positions and affect the game at both ends of the floor.”

The Rockets, meanwhile, could retain Oladipo and attempt to re-sign him beyond 2021 or could explore flipping him at the March 25 trade deadline. Houston can trade him immediately but would have to wait until after March 7 to move him in a deal that aggregates his salary for matching purposes. For now, the Rockets will probably want to see how Oladipo looks in their revamped lineup.

Because of the amended structure of the trade, the trade exception generated by the Rockets will be worth approximately $10.65MM instead of $15.45MM.

Photo courtesy of USA Today Sports Images. Luke Adams contributed to this story.

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28 thoughts on “Oladipo-LeVert Deal Complete; Pacers Get Additional Compensation

  1. Tatsumaki

    Still does not make any sense to me, oladipo is a free agent at years end and you had to kick in additional asset?

    • mattwild1

      my impression from rockets fans is that the owner is extremely cheap. regardless, this one was definitely a head scratcher

      • the trade was a salary dump as much as anything..TF didn’t want to pay Allen or Levert in the coming years

    • hiflew

      Did you not see the part about there being an issue with LeVert’s physical? Now that could be nothing, but we don’t know exactly what it is. If it is something that could potentially cost LeVert an extended period of time, then it completely makes sense. Plus I think LeVert has been overrated just a bit and Oladipo has been underrated just a bit by some folks around here. Oladipo is a proven NBA All Star with some injury issues and LeVert is a pretty good prospect with some injury issues. This seems like a perfectly fair deal to me.

      • clubber_lang84

        Looks like LeVert is out for the season with a pretty serious issue.

  2. I honestly think Indiana did really well in this trade, considering oladipo was likely not goin to resign

    • Buster79

      Indiana has an entire team of favorable contracts on good young players. They won’t get a lot of publicity because they aren’t particularly famous, they’re drama free and it’s one of the smallest markets, but they’ll be right there with the top teams in the end.

  3. Sillivan

    Rockets established cost saving program 2 years ago
    LeVert and Allen trades fit into Rockets cost saving program perfectly

    Houston is not paying luxury tax to help small markets
    They will continue to cut costs

  4. infield fly

    Levert is better, younger and cheaper than Oladipo! I don’t get it!

    • Sillivan

      LeVert for Oladipo
      Rockets save $32 million
      Let Oladipo walk for nothing this summer

      Allen for Bucks First via Cavs
      Rockets save $80 million – my projection

      Prince for Exum
      Rockets save $28 million

      Rockets Total savings $140 million

      It’s possible that Rockets will miss playoffs next 7 years because Rockets own picks were traded

      • Walladipo and Wood

        The Rockets aren’t missing the playoffs for the next 7 years.

        In fact this will be their 50th season in Houston and they have missed the playoffs just 16 times in the last half century here.

        Their longest stretch of missing the postseason since coming here from SD in 1971 lasted just four years back in the early 2000’s.

        • Walladipo and Wood

          Since 1971 the Lakers missed the playoffs just 10 times, Boston 12 times, Chicago 18 times, and Golden State a whopping 31 times.

  5. Simmons>Russ

    Pacers GM should get GM of the year for this.

    Traded out Oladipo on an expiring deal who wasn’t going to resign for Caris LeVert and 2 second round picks.

    Not only did he get a younger, better, cheaper replacement but he also got back two second round picks that’s just crazy. Not to mention last year or the year before he got TJ Warren from the Suns basically for free

  6. Houston prioritized cap (tax) space going forward. Whenever a team does that (regardless of the reason, good or bad), they’re going to leave some objective trade value on the table. The Cavs and Pacers each took advantage of that and did very well for themselves. But that part is to be expected. Additional facilitating teams should do very well for themselves. If they’re not going to take more objective value from the deal than they put in, then why get involved?

  7. rxbrgr

    When everything’s official official, can HR post an update to the trade post with all the finalized details?

    • Luke Adams

      I’ll likely post our in-season trade tracker on Monday with the full details. Here’s what I have so far (waiting to clarify a couple things):

      Nets acquire James Harden.

      Rockets acquire Victor Oladipo, Dante Exum, Rodions Kurucs, the Nets’ 2022 first-round pick (unprotected), the Bucks’ 2022 first-round pick (unprotected; from Cavaliers), the Nets’ 2024 first-round pick (unprotected), the Nets’ 2026 first-round pick (unprotected), and the right to swap first-round picks with the Nets in 2021, 2023, 2025, and 2027 (all unprotected).

      (The Thunder’s ability to swap with the Rockets in 2021 and 2025 will affect this to some extent).

      Pacers acquire Caris LeVert, a 2023 second-round pick (least favorable of Rockets’, Mavericks, and Heat’s picks; from Rockets), a 2024 second-round pick (least favorable of the Cavaliers’ and Jazz’s picks; from Cavaliers), and cash.

      Cavaliers acquire Jarrett Allen, Taurean Prince, and the draft rights to Aleksandar Vezenkov (from Nets).

  8. Marty McRae

    If the Rockets don’t flip Oladipo as soon as possible they will have failed so badly here.

    • Walladipo and Wood

      Sure, and the Warriors will make the NBA Finals in each of the next 5 years.

        • whiplash

          Geez scott82 I hope so, I don’t want to think there’s another equally dumb rockets fan as he was. He truly makes us look bad.

  9. Sebch

    Hornets, C’s, Blazers, DC & some other teams should have gone all in for J.Allen …

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