Just minutes after acquiring All-Star guard D’Angelo Russell, the Golden State Warriors traded All-Star forward Andre Iguodala to the Memphis Grizzlies on Sunday night in another blockbuster deal.
According to ESPN’s Adrian Wojnarowski, Golden State is sending Iguodala to Memphis in addition to a 2024 first-round pick with top-four protection, a 2025 first-round pick that is top-one protected and its 2026 unprotected first-round pick.
Golden State needed to clear cap room after acquiring Russel in a sign-and-trade deal that landed him a four-year, $117 million contract. As a result of the sign-and-trade, Golden State closely approached the NBA’s hard cap with All-Star Drayman Green still due for an extension.
According to 247 Sports’ Mike Fisher, the Warriors created an additional $22.2 million in cap room by trading Iguodala.
While Iguodala’s long-term future with the Grizzlies, the team was able to use its cap space to add more draft capital to strengthen its future.