clock menu more-arrow no yes

Filed under:

Sixers Acquire Future Second Round Pick

New, comments

All of the lights picks.

Jared Wickerham

According to Marc Stein, he 76ers have acquired a future second round pick from the Cleveland Cavaliers. In exchange, the Cavs received a trade exception. The trade exception, valued at a lofty $5.3 million, can be used for up to a year from the day of the trade by the Cavaliers in a trade.

The trade for the Cavs lengthens the time they can swing a big deal without committing excessive short-term salary. If the trade was not made, the Cavs would have needed to pay $5.3 million in salary to make a trade at the value of the trade exception next season. Because the Sixers have ample cap space, they could take on a contract without returning anything, which is what makes the deal worth it for the Cavs. For their troubles, the Sixers acquired a 2nd round pick. The pick's protections and year are yet to be known.

UPDATE: From Jason Wolf:

Oh, and the Sixers also acquired Keith Bogans in the trade. He'll most likely be waived.