New owner Robert Pera didn't buy the Lakers, after all.
The Grizzlies went from staring at a $7 million luxury tax bill a week ago - and exponentially more punitive penalties the next two seasons if they kept Gay - to shaving a total of $12.1 million off this season's payroll and a whopping $37.2 million total over three years.īy my count, Memphis has swung from $4 million over the luxury-tax line this year to about $8 million under, potentially leaving room to take on short-term salary in future deals.
That's approximately what the Memphis Grizzlies save this season and the next two by parting ways with one of their three highest-paid players - $26.4 million to be exact. 21 deadline: Rudy Gay to the Raptors in return for, essentially, $26 million. The first domino has fallen in the rapidly building trade frenzy leading up to the NBA's Feb. By dealing Rudy Gay, the Grizzlies save themselves $26.4 million over the next two seasons.