The Philadelphia 76ers acquired forward Wilson Chandler and a future second-round pick from the Denver Nuggets for cash considerations, according to numerous news releases on Tuesday.
The Denver team will save a combined $50 million in salary and luxury tax from the deal, including lowering their tax bill from $51.3 million to $14.3 million, according to ESPN.
A significant attempt to unload salary to lessen its tax penalty after signing Nikola Jokic and Will Barton to extensions earlier this week has been demonstrated by the Nuggets. Chandler is due $12.8 million for this coming season after he opted into the final season of a four-year, $46 million pact last month.
The 76ers’ addition of Chandler is their first since free agency opened on Sunday. Philadelphia also brought back guard JJ Redick while saying goodbye to Ersan Ilyasova (Bucks) and Marco Bellineli (Spurs).
Chandler, 31, averaged 10.0 points and 5.4 rebounds in 74 games (71 starts) last season, marking his lowest scoring average over a full year (minimum 40 games) since his rookie campaign of 2007-08.
Averaging 14.1 points and 5.7 rebounds over his previous five seasons with the Nuggets, it is important to exclude the 2015-16 campaign missed related to his hip injury.
For his overall career, Chandler has averaged 13.5 points and 5.4 rebounds in 590 games (447 starts) with the Nuggets and New York Knicks.