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Bobby Marks ESPN 

Here are the contract breakdown for Dennis Schroder and Timothe Luwawu-Cabarrot: The 24 year-old Schroder is under contract for the next three seasons with a $15.5 million cap hit. In addition, Schroder has $2M in unlikely bonuses in his contract that range from All-NBA, All-Star participant, games played and wins. The 23 year-old Luwawu-Cabarrot is under contract for the next two seasons at $1.5M and a 2019-20 $2.5M team option that the Thunder have until October 31 to exercise.

Bobby Marks ESPN 

Oklahoma City was able to accomplish two things by trading Carmelo Anthony to Atlanta, improve the roster while saving $73M this season. The Thunder will now see their projected luxury tax bill drop from $150M to $88.8M, a savings of $62M. In addition, Oklahoma City will save an additional $11M in salary savings with the Dennis Schroder $15.5M contract and the $1.5M cap hit of Timothe Luwawu-Cabarrot. The Thunder now have a payroll of $148.7M, down from $159.6M. The roster in Oklahoma City also improves with the addition Schroder, a starting quality point guard that will back up Russell Westbrook and adding a young wing in Luwawu-Cabarrot. Instead of having the $9.3M dead cap hit with Anthony on the stretch provision, Oklahoma City essentially is paying $5M for the next three seasons for a 24 year-old point guard who has started 161 games in five seasons.

Royce Young ESPN Staff Writer 

The pick the Thunder are sending the Hawks is a 2022 lottery protected first rounder (1-14), league sources tell ESPN. If it doesn't convey, it'll become two second rounders the following year.

Bobby Marks ESPN 

Atlanta is now up to $9M in room after the Jaylen Morris waiver. The guard had a $1.4M non-guaranteed contract. The Hawks and Sacramento ($20.5M) are the lone teams that have significant cap space.

Marc J. Spears The Undefeated 

The Nuggets say that rookie forward Michael Porter, Jr. has undergone surgery of the lumbar spine at The Carrell Clinic in Dallas, TX. There is no timetable for his return to basketball participation.

Bobby Marks ESPN 

The Mavericks will likely follow a timeline on how they structure each signing by using up to the $6M in available cap space to sign Dirk Nowitzki ($5M team option was declined in June to create room) first. Once Nowitzki is signed, Dallas will exceed the cap by signing Yogi Ferrell (early bird rights), Ryan Broekhoff (minimum exception) and Salah Mejri (minimum exception). The Mavericks will have the $4.4 million room midlevel exception still available to use with 14 guaranteed contracts.

Bobby Marks ESPN 

Preliminary look at the luxury tax has seven teams over the $123.7M threshold and paying a penalty with Houston set to join them once Clint Capela is signed: Oklahoma City ($149M will decrease once a decision is made with Carmelo Anthony), Golden State ($45M), Toronto ($30M), Washington ($18M), Portland ($13M), Boston ($6M) and Miami ($5M). The amount ($266M) in the tax pool is currently the largest in league history, ahead of $173M that was collected in 2002-03 when 16 teams were in the tax. Prior to 2013-14, a team was taxed for every $1 spent over the threshold and the repeater penalty (4 out of 5 years) was not in place.

Bobby Marks ESPN 

Certainly a win for Boston and Marcus Smart on the four year commitment from both sides. Smart fits both on and off the court for Boston and the Celtics retain a valuable player (trade asset) for the future. Boston is now in the luxury tax for the first time since 2012-13 with a projected payroll (could increase based on how the Celtics structure the contract) of $128M and a current tax bill of $5.8M. Boston now has 14 guaranteed contacts and have a August 1 decision to guarantee Abdel Nader. The former second-round pick has $450K guaranteed that will increase to full ($1.4M) if he is not waived. The Celtics will be faced with looming financial decisions next July with the free agency of Kyrie Irving, Marcus Morris and restricted free agent Terry Rozier. Jaylen Brown will also be eligible for a rookie extension next off-season.