Nuggets ship Camby to Clippers for draft pick
Rocky Mountain News
Vail, CO Colorado
DENVER, Colorado ” Nuggets center Marcus Camby has been traded to the Los Angeles Clippers, his agent confirmed Tuesday night.
Camby’s agent, Rick Kaplan, said the move was made for salary-cap purposes. The Nuggets have the option to switch 2010 second-round draft picks with the Clippers. If Denver has a better pick that year, the Nuggets will get nothing from the Clippers.
The Nuggets also will get a $10 million trade exception in which they can use within a year.
“They gave him away for nothing,” Kaplan said. “(The Clippers) definitely got their money’s worth.”
Camby has a base salary next season of $8 million. His cap number is $10 million when one takes into account $2 million in bonuses for games played that he earned last season.
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Because the Nuggets are deep into the dollar-for-dollar luxury tax, the move could end up saving them between $16 million and $22.5 million. If Camby reaches all of his games bonuses and statistical bonuses worth $1.25 million, that’s how the $22.5 million figure is attained.
The move signals the Nuggets are serious about cutting payroll this offseason. Before the Camby move, the Nuggets had nine players with guaranteed contracts totaling more than $79 million, which is about $8 million over the NBA luxury tax threshold.
Nuggets vice president of player personnel Rex Chapman said he would address the media in a conference call later this evening.
Camby was named NBA Defensive Player of the Year in 2006-07 and finished second last season. He has been named to the All-Defensive first team at center two straight years.
The move leaves the Nuggets with a big hole at center. Nene can play center, but missed much of last season due to testicular cancer surgery.