Unless Los Angeles Clippers guard Mo Williams enjoys throwing away money, the Mavericks will soon be rid of Lamar Odom and any financial obligation to him for the coming season.
The Mavericks have agreed to send the troubled Odom to the Clippers, who in turn will ship Williams to the Utah Jazz, who will send a trade exception from the Mehmet Okur deal last season to the Mavericks, an NBA source said.
All three teams have agreed to the deal. All that has to happen to make it official is for Williams to exercise the player option on his contract for next season, which would pay him $8.5 million.
Williams has until Friday to opt in, and if he doesn’t, he will become an unrestricted free agent and would be very hard pressed to earn even half of that annual salary on the open market, the source said.
What it means for the Mavericks is that they can trade Odom before having to buy out the final year of his contract, which would have cost them $2.4 million. That money now will not be applied to their salary cap and gives them even more financial flexibility heading into free agency.
It won’t improve the amount they can throw at free agent Deron Williams – he is going to receive a maximum contract regardless – but it might help in the recruitment of other free agents or, with the newly acquired trade exception, could be useful in trade scenarios.
Odom was never going to return to the Mavericks and the only reason he wasn’t waived before the season ended was precisely because of a situation like this where the Mavericks could get rid of him without having to pay off the final year of his deal.