Cleveland Cavaliers owner Dan Gilbert called the New Orleans Hornets’ proposed trade of Chris Paul to the Los Angeles Lakers a “travesty,” and urged NBA commissioner David Stern to put the deal to a vote of the league’s 29 owners in an email obtained by Yahoo! Sports.
Check the letter after the jump…
Gilbert sent the email to Stern, deputy commissioner Adam Silver and a handful of Gilbert’s ownership peers on Thursday.
The following is the email in its entirety:
It would be a travesty to allow the Lakers to acquire Chris Paul in the apparent trade being discussed.
This trade should go to a vote of the 29 owners of the Hornets.
Over the next three seasons this deal would save the Lakers approximately $20 million in salaries and approximately $21 million in luxury taxes. That $21 million goes to non-taxpaying teams and to fund revenue sharing.
I cannot remember ever seeing a trade where a team got by far the best player in the trade and saved over $40 million in the process. And it doesn’t appear that they would give up any draft picks, which might allow to later make a trade for Dwight Howard. (They would also get a large trade exception that would help them improve their team and/or eventually trade for Howard.) When the Lakers got Pau Gasol (at the time considered an extremely lopsided trade) they took on tens of millions in additional salary and luxury tax and they gave up a number of prospects (one in Marc Gasol who may become a max-salary player).
I just don’t see how we can allow this trade to happen.
I know the vast majority of owners feel the same way that I do.
When will we just change the name of 25 of the 30 teams to the Washington Generals?
An NBA spokesman said owners “didn’t kill the deal,” instead citing “basketball reasons,” for why the league office blocked the trade.