Magic trades with Bobcats and Bucks are cap-neutral

Beno Udrih - Jeff Hanisch-USA TODAY Sports

Orlando didn't save any money in Thursday's two deadline deals.

The Orlando Magic made two trades at Thursday's NBA trade deadline, sending J.J. Redick, Ish Smith, and Gustavo Ayón to the Milwaukee Bucks and Josh McRoberts to the Charlotte Bobcats. In return, Orlando netted Tobias Harris, Beno Udrih and Doron Lamb from the Bucks and Hakim Warrick from Charlotte.

The trades will not save Orlando any money, an Orlando Pinstriped Post survey of salary data from ShamSports.com shows.

Warrick and Udrih are veterans on expiring contracts worth $4 million and $7.37 million, respectively. Warrick technically has one year remaining on his deal, also at $4 million, but it is a team option that Orlando is likely to decline. Orlando may indeed waive Warrick before ever playing him.

Harris is on a rookie-scale deal which pays him $1.48 million in 2012/13 and $1.55 million in 2013/14. The final year of his contract is a team option worth $2.38 million.

Lamb is owed $650,000 in 2012/13 and $788,872 in 2013/14. The third season of his deal is not fully guaranteed.

All told, Orlando took on $15.47 million in guaranteed money in Thursday's trades. If it exercises the fourth-year option on Harris, then that figure jumps to $17.85 million.

Like the contracts Orlando acquired, the ones it jettisoned were reasonably small. Redick was the highest-paid player at $6.19 million. McRoberts, too, was an expiring deal; his is worth $3.14 million. Ayón has one season left at $1.5 million, but that is a team option. Smith has one more guaranteed season at $951,463.

Add it up and Orlando only sent out $12.69 million in guaranteed money. One could argue that it saved money because it will no longer be in the running to sign Redick to a new contract in the summer, but the bare facts are the Magic's cap sheet is no cleaner after the deadline than it was before.

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