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Mario Chalmers

Heat To Dump Mario Chalmers To Save $6m In Tax

The Miami Heat have finally found a team to take point guard Mario Chalmers off their hands in an obvious cost saving move that will shave about $6 million off this year’s luxury tax bill as reported by Yahoo Sports’ Adrian Wojnarowski

The Memphis Grizzlies have acquired Miami Heat guard Mario Chalmers and forward James Ennis in a trade, league sources told Yahoo Sports.

The Grizzlies will send guard Beno Udrih, forward Jarnell Stokes and a second-round pick to the Heat, league sources said.

Miami will save $6 million in luxury tax payments with the deal.

This deal is anything but simple and the trade call to the NBA office could produce an interesting response as Memphis will need to renounce a half dozen players to get this deal done.

Renouncing players gets rid of the cap holds permitting the proposed trade to fall within the rules.

The Grizzlies have gotten off to a disappointing start to the season and Chalmers just might be able to help. It’s worth the gamble. Miami hasn’t been the same team since the “King” left town and no amount of media hype is going to turn them into a contender this season. Cutting the luxury tax bill makes a lot of sense.