The Clippers, Raptors, and Nets are in agreement on a three-team trade that will send guard Chris Paul from Los Angeles to Toronto, reports Shams Charania of ESPN (Twitter links).
Fourth-year forward Ochai Agbaji is headed from Toronto to Brooklyn in the deal, along with the Raptors’ 2032 second-round pick, says Charania. The Clippers will receive the draft rights to 2019 second-rounder Vanja Marinkovic from the Nets, according to Jake Fischer of The Stein Line (Twitter link), and will send $3.5MM in cash to Brooklyn, per NBA insider Chris Haynes (Twitter link).
The Raptors won’t require Paul to report to the team, according to Charania, who suggests the veteran point guard may be flipped to another club before Thursday’s deadline. If not, he’ll likely be waived.
It’s a cost-cutting move for both the Clippers and Raptors. The Clippers will open up an extra roster spot and create breathing room below their hard cap, which they’ll likely use to promote two-way players Jordan Miller and Kobe Sanders to standard contracts. Toronto, meanwhile, will duck below the tax line by swapping out Agbaji’s expiring $6.4MM contract for Paul and his $2.3MM cap hit, creating a $6.4MM trade exception in the process.
More to come…