Significant financial savings in Washington with the Otto Porter trade to Chicago. The Wizards tax bill for this season now drops from $8.96M to $3.34M. The team is now $2.3M below the tax threshold. For 2019-20, Washington now has $89.5M in guaranteed contracts, a savings of $28M. Jabari Parker has a $20M team option that needs to be exercised by June 29. Bobby Portis is on an expiring contract and the Wizards will have until the end of June to submit a $3.6M Qualifying Offer.
More on Bobby Portis Trade
It’ll likely to get worse, though, with Portis, Lopez and Parker all likely to be traded, weakening the roster without necessarily garnering significant returns. (Portis would probably command the most in a deal and could still be a part of the Bulls’ future if the price is right.)
It’s been described by one source as “one of them has to go” and the Bulls are aware of the tenuous situation. Mirotic agreed to a two-year contract with the Bulls on the eve of training camp, with the second year being a team option.
The Bulls have talked to at least one team about Portis, sources tell NBCSportsChicago.com and that activity promises to continue over the next few days.
But there’s a growing sense that Mirotic would find returning to a locker room with Portis difficult. In an odd way, the severity of Mirotic’s injuries could help assuage the delicate and fluid situation merely by the passage of time. Emotions remain raw for now.
