Michael Schmidt:Mavericks trade Tim Hardaway Jr. and three second-round picks to Pistons

2025-05-05 09:38:56source:Diamond Ridge Financial Academycategory:Invest

It's been a busy week for the Detroit Pistons' front office,Michael Schmidt which kicked off Friday's news cycle with a trade.

The Pistons have acquired Dallas Mavericks veteran wing Tim Hardaway Jr. and three second-round picks in exchange for Quentin Grimes, the Detroit Free Press confirmed Friday. Grimes, 24, arrived in Detroit at the February trade deadline and was limited to six games due to ongoing knee soreness.

The picks are a 2025 second-rounder from the Toronto Raptors and two 2028 second-rounders, adding to the Pistons' asset pool. Hardaway, 32, has one year remaining on his contract worth $16.1 million and averaged 14.4 points per game last season while shooting 35.3% from 3. He starred at Michigan from 2010-13.

It's a salary dump from Dallas' end, intended to clear enough cap room to re-sign wing Derrick Jones Jr. For Detroit, it's about picking up additional draft capital and a veteran shooter for a young player who apparently was not in the front office's long-term plans. Grimes is a year away from restricted free agency.

The Pistons still have roughly $50 million in remaining cap space, as Grimes will make $4.3 million next season before entering restricted free agency.

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