Diaw Shipped to Toronto for Cap Space

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We can finally put all that talk of Boris Diaw playing the point behind us.  The versatile forward will be shipped to Toronto to play for his former Suns boss Bryan Colangelo.

The Arizona Republic reports that Diaw will be heading to the Raptors in exchange for part of the Chris Bosh trade exception and journeyman (as well as former Bobcat) Dwayne Jones.  Jones would be first acquired by Toronto from Phoenix in a prior trade that would send Hedo Turkoglu to the Suns in exchange for Leandrinho Barbosa.

The trade as reported would save the Bobcats $9 million dollars in cap space this season and next while putting the team in prime position to trade for a starting point guard and fill out their roster without venturing into the luxury tax this summer.

ANALYSIS: After re-signing PF Tyrus Thomas to a 5 year $40 million contract last week, the Diaw move comes as no surprise.  Only a team with cash reserves like the Lakers spends $8 million a year on their backup power forward.  Expect Tyrus to start immediately.  Depending on how Tyrus’s contract is structured, the Bobcats are between $8 and $10 million below the League’s luxury tax threshold for next season of $70 million.  Trading Diaw will not only give the team the ability to find a quality starting point guard via trade this season but also allows the team to potentially pursue a max-type free agent next summer as they currently sit about $20 million under next year’s cap.

-ASChin

twitter: @bobcatsbaseline