Coupled with yesterday's trade that sent Devin Brown to the Chicago Bulls, the Hornets are now in the area of $300,000 below the luxury-tax cap.
Brown's salary this year was $736,420. It is likely that the Hornets sent enough cash along with Brown to pay this year's salary plus possibly a little extra for shipping and handling fees!
After high school Brown signed to play at Cal State-Fullerton. He was not drafted by the NBA out of Cal State. Brown went to Europe for one season where he won a German League championship with Alba Berlin.
He was acquired by the Hornets as part of the Antonio Daniels-Darius Songalia deal. Most of his appearances were early in the season as a backup to Chris Paul and during Paul's absence due to the ankle sprain, as backup to Darren Collison.
With the return to health of Paul and the development of Collison, there was little chance that Brown was going to see much playing time.
The loss of Brown does not negatively impact the Hornets with one exception—they are now without a third-string point guard.
There are currently four guards on the roster including starters Paul, Marcus Thornton, little-used Morris Peterson, and Collison. Should anything happen to Collison or Paul, New Orleans would be in trouble at the one position.
Look for more deals to come from Coach and General Manager Jeff Bower before the trading deadline.