NEWS REPORT: The Miami Heat have agreed to trade Kevin Porter Jr. in exchange for a $4.5 trade exception.

Guard Kevin Porter Jr. was not the only player the Rockets traded to the Thunder in the mutually agreed-upon deal.

They sign veteran guard Victor Oladipo and young forward/center Jeremiah Robinson-Earl while forgoing Porter’s $16.9 million contract, which the Thunder will pay after dismissing him.

Additionally, as part of the agreement, Houston will establish a $4.5 million trade exception, according to Jonathan Feigen of the Houston Chronicle.

Trade exceptions can be used to sign a player or land another player. Oftentimes, they’re not used at all, expiring after a year to the day of the original trade.

So the Rockets will have a little extra money available by ridding themselves of Porter’s contract.

As we relayed here, they are likely to keep Oladipo, who is on an expiring $9.5 million contract. It’s the type of contract that could make Oladipo a trade chip before the February trade deadline.

 

Leave a Reply

Your email address will not be published. Required fields are marked *