Found August 07, 2009 on Bleacher Report:
The Denver Nuggets have traded Center Steven Hunter and a lottery protected 2010 first round pick to the Memphis Grizzlies for a future second round pick. This moved saves Denver $7.4 million dollars due to the fact that the Nuggets are over the luxury tax threshold and Hunter's $3.7 million dollar contract really equals $7.4 million dollars. This was another great financial move by the Nuggets who are trying to get under or very close to the luxury tax threshold.  This move cou...

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