October 27th 2014: The New York Knicks trade Travis Outlaw
The Travis Outlaw era lasted only thru one preseason. The Knicks traded Outlaw to the Philadelphia 76ers in a cap-saving deal for Arnett Moultrie. Additionally, the Knicks sent their 2019 2nd round pick and the option to swap 2nd round picks in 2018. The Knicks waived Moultrie, allowing Travis Wear to make the roster.
The New Jersey Nets signed Outlaw to a then-ridiculous 5 year $35 contract in the 2010 offseason. Thanks to the Amnesty Clause in the 2011 CBA, the Nets cut ties with Outlaw. The Sacramento Kings claimed Outlaw off waivers at a reduced salary of $3 million/year.
The Knicks acquired Outlaw from the Kings in a deal that also brought in Quincy Acy. However, the team had no interest retaining him due to being above the luxury tax threshold. The trade allowed the Knicks to shed the contract, but it came at the cost of future draft compensation.
Little did Phil Jackson realize that the 2nd round picks would come handy. The Knicks ultimately traded their 2018 2nd round pick, subject to a pick swap, in a deal that brought in Emmanuel Mudiay. That pick ended up becoming Issac Bonga. The 2019 2nd round pick was the 1st pick in the 2nd round. Ironically, it was the Brooklyn Nets that owned the pick. The Nets drafted Nic Claxton.
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