Raptors trade Steve Novak to the Jazz to create cap space
In a move that is purely centered on creating cap space, the Toronto Raptors have agreed to trade three-point specialist Steve Novak to the Utah Jazz. Adrian Wojnarowski was the first to report the story and he has the details of the trade:
In a move to create salary cap space, the Toronto Raptors have reached an agreement to send Steve Novak to the Utah Jazz, league sources told Yahoo Sports.
Along with Novak and the two years and $7.2 million left on his contract, the Raptors will send a future second-round draft pick to Utah, sources said. The deal can’t be completed until the league’s moratorium ends on Thursday.
The Jazz will send the Raptors guard Diante Garrett, who, with a $915,000 non-guaranteed deal for this season, will be waived, sources said.
While this move seems to only make sense for the Raptors on the surface, Novak does bring a much-needed beyond the arc threat to the Jazz, who ranked 25th among all NBA teams in 3-point percentage last season. Novak wasn’t doing a whole lot of good for the Raptors, but now that he’s going to a much weaker Jazz team, his career 3-point percentage of 43.2% will be much more appreciated.
—Ben Parker: follow me on twitter @nba_lord