Pacers president discusses losing playoff hero to Bucks

“If we keep Myles at the number we were talking about — or in that ballpark, because I felt like that was still a little bit ongoing — and with the moves that we were talking about doing, we weren’t trickling into the tax,” Pritchard said (YouTube link). “We were over a second threshold.”

Pritchard clarified that the Pacers would not have operated over the second tax apron, so the “second threshold” he cited may have been a reference to the luxury tax brackets — the tax penalties get increasingly more punitive for every $5.7MM a team spends over the tax line. Indiana may also have exceeded the first apron if Turner had been re-signed.

There were conflicting reports on exactly what the Pacers’ final offer was, but most of those reports suggested the team hadn’t gone beyond a three-year bid worth about $22-23MM per year. Turner ultimately signed a four-year contract worth a total of nearly $109MM with the Bucks.

“I felt like we were working towards a deal,” Pritchard said. “But when you’re unrestricted, as soon as you hear a number that you feel like is good for you, then I think he felt like he had to take that.

“… It’s his opportunity, it’s his right to say, ‘Hey, that’s it and I’m going in a different direction.’ It was never acrimonious, it was always pleasant going back and forth. I think that there was a number he was trying to hit. I think we were in the ballpark. But that’s my opinion. It must not have been for him.”

Pritchard admitted that he learned about Turner leaving Indiana for Milwaukee the same way that most fans did.

“We would have been open on a sign-and-trade because it’s sort of mutually beneficial, but we didn’t get to that point, unfortunately,” Pritchard said. “I saw Shams (Charania) tweet it, and that’s how I knew that Myles was taking (the Bucks’ offer).

“… I was shocked, if I’m being perfectly honest. I thought we were kind of going back and forth in an open way. We’ve done big deals with that agency, and they’re great guys, and we’ll be doing more business with them. But Myles must’ve heard something in that (Bucks offer) that said, ‘I’m gonna take it right now.'”

While a sign-and-trade deal might’ve put the Pacers in position to acquire something of value in return for Turner, the Bucks were able to create the cap room unnecessary to sign him outright by completing a series of roster moves that included waiving Damian Lillard and stretching his $112.6MM in remaining salary across five seasons.

Pritchard acknowledged being surprised by Milwaukee’s aggressiveness, though he said the front office was aware of the possibility of an over-the-cap team finding a way to create cap room.

“We always say in our conference room, there’s cap teams that have cap space and there’s shadow teams that have cap space,” he said. “You can go get it, but it becomes very challenging by buying out (players) or making trades. Hat tip to Milwaukee to do that. … I can’t tell you that we were fully expecting that.”