Jason O. Watson-US PRESSWIRE
After a delay in announcing it due to a logjam at the league office, the Golden State Warriors have traded Charles Jenkins and Jeremy Tyler for a pair of second round picks in what can only be described as a salary dump.
Warriors trade two young players, one they really liked, to get under the tax bit.ly/138fdSQ— Marcus Thompson (@gswscribe) February 21, 2013
While we all probably wish those two guys luck as they move forward, Marcus Thompson II described the key details of this deal:
The salary dumps, which occurred just before the deadline, cut more than $1.5 million off the Warriors’ salary cap figure. The Warriors needed to trim $1.2 million to avoid paying the luxury tax penalty.
Rusty Simmons of the S.F. Chronicle elaborated about the Warriors avoiding the "repeat-offender penalty", which is something that SB Nation's Tom Ziller explained well just yesterday.
On top of missing out on a cut of the tax revenue and having to pay a tax themselves, the Warriors would have increased their chances of being a future repeat offender. The Warriors were only $1.2 million over the league’s $70.307 million luxury threshold, so it didn’t seem worth starting the clock on the steep repeat-offender penalty.
In return, the Warriors get a pair of second round picks, according to Ken Berger of CBS Sports.
Golden State gets a second-round pick each from Atlanta (Jeremy Tyler) and Philadelphia (Charles Jenkins) in its tax-driven salary dumps.— Ken Berger (@KBergCBS) February 21, 2013
All told, this deal is a win for the Warriors: they avoid that luxury tax penalty and (possibly, depending on the terms) get themselves a pair of draft assets that they can use to either find another Kent Bazemore/Draymond Green type or use to secure further assets (at some point in the future...maybe...).
You can't stand up and shout that they deserve an "A" for this one, but if there was one task they had to complete at the deadline this is it.