The Miami Heat have dealt not only Tyler Johnson, but also shooting guard Wayne Ellington in a trade with the Phoenix Suns.
While Ellington had the right to reject the trade, he reportedly approved the move before it was completed.
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The reason why Ellington reportedly approved the deal is because he thinks he won’t be in Phoenix for long.
In recent weeks, Ellington had been tied to two playoff hopefuls. It stands to reason that the 3-point specialist would prefer to play for a contender rather than a bottom feeder like the Suns.
While it at first seemed like an odd move, the trade is not a bad one for the Heat. The reason for this is primarily financial. While Ryan Anderson was projected to make $21.2 million next season under his current contract, he agreed to reduce his guarantee this past offseason.
Overall, the trade is set to save the Heat approximately $8 million in taxes.
While that amount is still not enough to get Miami in the market for the many star free agents this summer, it does allow them some much-needed flexibility in both the coming offseason and buyout markets.
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