10:00pm: The Pacers have officially completed their trade with the Rockets, acquiring Stauskas, Baldwin, Milwaukee’s 2021 second-round pick and the rights to Maarty Leunen for cash considerations, the team announced.
Indiana also waived Anigbogu to make the agreement official.
12:16pm: A day after acquiring Nik Stauskas and Wade Baldwin, the Rockets have reached an agreement to send them to the Pacers, tweets ESPN’s Adrian Wojnarowski. Houston will also ship a second-round pick to Indiana, Woj adds, and the Pacers plan to waive both players (Twitter link).
The Pacers only have one roster opening, so they will have to get rid of someone before they can take on Stauskas and Baldwin, notes Keith Smith of Real GM (Twitter link). The Rockets are making the deal for tax purposes, so it’s unlikely they will be getting anyone in return.
A flurry of trades over the past two days has put Houston $634K under the luxury tax, according to ESPN’s Bobby Marks (Twitter link). The Rockets are down to 12 players, two below the league minimum, but are expected to be active on the buyout market. They will have two weeks to get their roster back to at least 14. Owner Tilman Fertitta has been saying that he wanted to get under the tax this season to avoid repeater penalties in the future, relays Jonathan Feigen of The Houston Chronicle (Twitter link).
Indiana will drop down to 13 players once if it follows through with plans to waive Stauskas and Baldwin and will also have two weeks to get back to the 14-player minimum.
The Rockets acquired both players last night in a three-team deal that also brought them Iman Shumpert. Houston had to take both players from the Cavaliers to help Cleveland stay below the luxury tax. This is the third trade in four days for Stauskas and Baldwin, who were also sent from the Trail Blazers to the Cavs in the Rodney Hood swap.