When free company started final week, it was reported that Doug McDermott can be signing a cope with the San Antonio Spurs. After spending three-straight seasons with the Pacers, the sharpshooter would begin the following chapter of his profession with a brand new crew.
Nonetheless, over the following handful of days, the Pacers and Spurs would work in the direction of a sign-and-trade deal that may mutually profit each groups.
On this deal, Indiana despatched San Antonio a future second-round decide and the rights to swap second rounders in a future draft. In return, the sign-and-trade would enable the Pacers create a Traded Participant Exception of roughly $7.4 million.
The Spurs nonetheless get McDermott on the value they initially agreed upon, however achieve draft capital within the course of. The Pacers now can use this new TPE for flexibility in offers over the following yr.
This kind of transaction has grow to be extra widespread this offseason, as we’ve seen many sign-and-trades be facilitated between groups to create these exceptions.