The Toronto Raptors used some of their room under the luxury tax to help the Indiana Pacers create room under the luxury tax.
Here are the particulars:
Toronto Raptors acquire: James Wiseman, Cash
Indiana Pacers acquire: 2031 top-55 protected Raptors second-round pick
Let’s dive in!
Toronto Raptors
Incoming salary: $2.2 million in 2024-25
- James Wiseman (C, one year, $2.2 million)
Outgoing salary: None
The Raptors had plenty of room under the luxury tax. With the Pacers willing to cover Wiseman’s salary with cash, Toronto did them a favor.
Wiseman was released, which auto-declined the team option on his contract for next season. The young big man will spend the rest of this year rehabbing from a torn Achilles’ tendon. Because he was injured while with the Pacers, Wiseman can continue to rehab with the team, their medical staff and using their facilities.
Indiana Pacers
Incoming salary: None
Outgoing salary: $2.2 million in 2024-25
- James Wiseman (C, one year, $2.2 million)
This move was about creating a roster spot and some clearance under the luxury tax for Indiana. The Pacers could now be involved in adding a player via the buyout market. Keep an eye on big men, as Indiana is still a bit light in terms of depth behind Myles Turner and Thomas Bryant.