Skip to content

Wizards’ owner says finances were not a factor in turning down deal for James Harden

Dec 15, 2012, 12:30 PM EDT

Washington Wizards v Houston Rockets Getty Images

Earlier this week, Michael Lee of the Washington Post reported that the Wizards turned down a potential trade with the Thunder that would have landed them James Harden.

The cost in terms of assets the Wizards would have to give up to Oklahoma City was relatively low — Bradley Beal and Chris Singleton were the names to be sent our of town.

The holdup on the part of the Wizards was reportedly the cost of Harden’s next contract — a max deal that would have required an investment of $80 million in guaranteed salary. It was a commitment that ownership, for whatever reason, was simply unwilling to make.

Wizards owner Ted Leonsis, however, came out and said that this wasn’t the case. While he didn’t mention Harden’s name specifically, he wanted to make it clear, in a post on his personal blog, that finances were not an issue.

I usually do not comment on articles that are premised on statements from anonymous sources, let alone an unauthorized anonymous source. Once you respond to a story like that you are open to having to respond to those kinds of stories all of the time. In this case, however, I need to make an exception.

I would like to debunk though a statement and notion that originated in The Washington Post that a potential trade would have put our team in the luxury tax and thus we “turned down” a deal because we were “unwilling to commit” financially. That is simply not true. First, we would not have gone into the luxury tax – that is simple math. Second, economics were not a factor.

There are a couple of factors at play here.

You can’t blame Leonsis for wanting to state publicly that he’s not afraid to invest in his teams. A perception that his position is in fact the opposite would simply be bad for business if fans believed that ownership wasn’t interested in paying the price for putting a winning product on the floor.

There’s also the possibility that it wasn’t the money by itself, but when combined with the uncertainty at that point surrounding Harden’s ability to be the number one option on a team, that it was then that the Wizards made the decision to check out.

Only Leonsis knows for sure whether it was truly a money issue, or if the Wizards weren’t sold on Harden being their franchise player of the future. But the part about questioning the reporting itself seems silly, otherwise, why bother to respond at all?

Latest Posts
  1. 67RIEFNS No. 7: Warriors’ starting lineup

    Oct 2, 2014, 12:25 AM EDT

    Stephen Curry Stephen Curry

    Stephen Curry, Klay Thompson, Andre Iguodala, David Lee and Andrew Bogut dominated last season and return for more

  2. Does Serge Ibaka know who Mitch McGary is?

    Oct 1, 2014, 9:25 PM EDT

    2014 Oklahoma City Thunder Media Day 2014 Oklahoma City Thunder Media Day

    Thunder forward says he doesn’t (unless he’s joking like Kevin Martin)

  3. D-League considers rule change: Players attempt one free throw on all trips to line

    Oct 1, 2014, 8:30 PM EDT

    Dwight Howard Dwight Howard

    Get fouled on a missed 2-pointer – one free throw worth two points
    Get fouled on a missed 3-pointer – one free throw worth three points

  4. Injury updates: Lakers Ryan Kelly, Jazz’s Carrick Felix both out for a while

    Oct 1, 2014, 6:40 PM EDT

    Los Angeles Lakers Media Day Getty Images

    Two young players trying to prove to new coaches they deserved minutes. This is a real setback for both.

  5. LeBron co-producing children’s show about beginnings of himself, other top athletes

    Oct 1, 2014, 5:50 PM EDT

    LeBron James LeBron James

    The show is on Disney XD. I suppose there are worse things your child could watch.

  6. Phil Jackson compared J.R. Smith to Dennis Rodman. Smith likes that.

    Oct 1, 2014, 3:40 PM EDT

    J.R. Smith AP

    Thing is, Rodman fit the triangle and what Jackson wants to do with a team. Smith…. not so much.

  7. Greg Monroe calls offseason rumors surrounding him ‘lies’

    Oct 1, 2014, 3:01 PM EDT

    Greg Monroe Greg Monroe

    Monroe had a busy offseason in terms of appearances in the NBA’s news cycle.

  8. Rajon Rondo doesn’t rule out opening night return for Celtics

    Oct 1, 2014, 1:41 PM EDT

    Oklahoma City Thunder v Boston Celtics Getty Images

    Broken hand is supposed to sideline Rondo for 6-8 weeks.

  9. K.J. McDaniels takes unique approach to rookie contract with Sixers

    Oct 1, 2014, 12:21 PM EDT

    2014 NBA Rookie Photo Shoot Getty Images

    Second round pick foregoing additional guaranteed dollars in order to bet on himself.

  10. Klay Thompson refutes report he was ‘pissed’ about being included in trade talks for Kevin Love

    Oct 1, 2014, 11:39 AM EDT

    Klay Thompson Klay Thompson

    Reminder not to believe everything you read, especially if it’s attributed to ‘a source.’

  11. ProBasketballTalk 2014-15 Preview: Charlotte Hornets

    Oct 1, 2014, 10:00 AM EDT

    Charlotte Hornets Media Day Charlotte Hornets Media Day

    The new-look Hornets, with Lance Stephenson in tow, are hoping to build on a playoff run and a promising young core.

  12. Kobe Bryant plans to play in all 8 preseason games for Lakers

    Oct 1, 2014, 9:30 AM EDT

    Los Angeles Lakers v Atlanta Hawks Getty Images

    Kobe wants to shake the rust off before the games count for real later this month.

Featured video

What players stood out at World Cup?
Top 10 NBA Player Searches
  1. L. James (3831)
  2. K. Bryant (3558)
  3. R. Rondo (3317)
  4. R. Allen (2452)
  5. D. Wade (2378)
  1. D. Williams (2314)
  2. N. Noel (2091)
  3. K. Leonard (2004)
  4. M. Smart (1947)
  5. D. Rose (1946)