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Wizards considering selling 2009 #1 pick

"The team has about $75.9 million committed to contracts for next season, which would put them over the luxury-tax threshold (it typically rises slightly each year but may not go up next year, depending upon league revenue) before signing a lottery pick. First-year salaries for players taken at the top of the lottery are between $2.7 million and $4.2 million, and that would place the Wizards significantly over the threshold, something Pollin has avoided in the past. Teams that go over the threshold must pay a dollar-for-dollar tax after the season. But there are other reasons Grunfeld might try to trade the pick. It could allow him to shed an otherwise difficult-to-trade player -- such as Thomas, who is on the books for $7.4 million next season, or James, who holds a player option for $6.5 million next season -- while adding a valuable veteran. " Forget losing out on the Chandler sweepstakes, if the Wolves aren't the first team on the line something is wrong.

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