A person with knowledge of the situation says the Oklahoma City Thunder have traded Westbrook to the Houston Rockets for Paul in a swapping of top point guards. Is Adrian Peterson’s 4 a.m. tweet a bad sign for the Detroit Lions? Last modified on Fri 12 Jul 2019 13.04 BST. Well … Adrian Wojnarowski reports that Paul will be immediately moved to another team, which would leave Oklahoma City without a max contract player as the team rebuilds. Russell Westbrook is likely a centerpiece who could be on the trade block to bring in value for Houston’s questionable small ball style. The Thunder are getting two more in this trade, and got a 2020 first-round pick in the deal completed earlier this week that sent Jerami Grant to Denver. You may opt-out by. Check out what I just read on Detroit Sports Nation. In his last year with Houston, he averaged 15.6 points per game in 58 games, while also dishing out 8.2 assists per game. Once you get over the shock Russell Westbrook landing on the Rockets and reuniting him with James Harden, the deal seems a little desperate on Houston's end. The man known affectionately as "Mr. Big Shot" is now an NBA assistant coach. I am the Tax Director at OFS, a financial planning firm dedicated to working with professional athletes. The loser? I have been providing tax preparation, planning and advice services to athletes across all major team and individual sports for over eleven years. Paul is a nine-time All-Star, Westbrook an eight-time selection. As if the first week and a half were not crazy enough, on Thursday night, the Oklahoma City Thunder reportedly traded 2017 MVP Russell Westbrook to the Houston Rockets … After it lost Paul George’s income to California, Westbrook will now relocate his home to Houston and enjoy some state-income-tax-free living. Westbrook has $171,139,920 left on his deal, an average of $42,784,980 per year. “Every game we played, I’ve never seen fan support like that,” Paul told The Oklahoman for a story in February 2014 about his time in Oklahoma City. 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Lang takes to Twitter to destroy northern Michigan hotel. As soon as the news broke,... Alabama Crimson Tide head coach Nick Saban, one of the nation's most successful college football coaches, has tested positive for COVID-19. Breaking: The Oklahoma City Thunder have agreed to trade Russell Westbrook to the Houston Rockets for Chris Paul, first-round picks in 2024 and 2026, pick swaps in 2021 and 2025, league sources tell @wojespn and @royceyoung. The city... After an abysmal 2019 season, the Detroit Tigers selected 3B Spencer Torkelson with the No. And it’s not Houston. Both members of Houston’s new glitzy backcourt are recent MVPs: Westbrook won it in 2017, Harden won it in 2018. This past season, Houston was ousted in the second round by the Warriors. (Photo by Zach Beeker/NBAE via Getty Images). Russell Westbrook traded to Rockets for Chris Paul, ending 11-year run with Thunder This article is more than 1 year old Eight-time All-Star will reunite with James Harden in Houston Off-Season Continues The 2017 M.V.P. © 2020 Guardian News & Media Limited or its affiliated companies. Westbrook is an athletic freak who never sells any team short on effort. The tax winner in this trade is clearly Russell Westbrook. Of course, he would trade Westbrook if he could get off of that long-term money, if he thought the assets, the sum of the parts was better than having somebody that’s considered a … The Rockets had a 3-2 lead over Golden State in the 2018 Western Conference finals when Paul injured a hamstring, and the Warriors rallied to win that series in seven games on the way to the NBA title. Russell Westbrook and James Harden are together again, and Chris Paul is leaving Houston to make that reunion happen. All told, Westbrook will save about $10,000,000 in state income taxes over the next four years. While Westbrook changing cities was fully expected, Paul moving in the same trade was not. “Craziest NBA summer by far,” longtime NBA guard Jamal Crawford tweeted. will be reunited with James Harden in Houston in a … One team Wojnarowski is reporting Paul could be traded to is the Miami Heat. decision to leave Toronto for the Clippers, Eight-time All-Star will reunite with James Harden in Houston, Westbrook has 138 triple-doubles, tied for second-most ever. The Oklahoma City Thunder have agreed to trade Russell Westbrook to the Houston Rockets for Chris Paul, first-round picks in 2024 and 2026, pick … game against the Portland Trail Blazers during Game Four of Round One of the 2019 NBA Playoffs on April 21, 2019 at Chesapeake Energy Arena in Oklahoma City, Oklahoma. There’s only 1 winner in the blockbuster Russell Westbrook trade to the Rockets. Paul and Harden were teammates for two seasons in Houston. And while OKC has become the Pittsburgh Pirates of the NBA, the Rockets appear to be trying to reassemble the OKC team that was almost good enough to win a title. Within the past half hour or so the Detroit Lions took to Twitter to announce that they have signed quarterback David Blough to their... Just moments ago, the Detroit Lions took to Twitter to announce they have signed QB David Blough from their practice squad to their active... One half of the 2020 World Series is officially set. The trade will become final after NBA approval, which is standard procedure. In Houston, he will still pay $1,005,528 annually as the Western Conference plays in the U.S.’s three highest-taxed states, California (13.3%), Oregon (9.9%) and Minnesota (9.85%). Fri 12 Jul 2019 06.34 BST Forbes estimates that Westbrook earns $18,000,000 a year in endorsement income. And assuming Westbrook has accumulated an investment portfolio over his time in the NBA, he will shift interest, dividend and capital gain income from Oklahoma to Texas as well. If that is the case, Paul could end up a winner as well, saving about $100,000 a year on road game taxes. Paul has called Oklahoma City home before. OKLAHOMA CITY, OK - APRIL 21: Russell Westbrook #0 of the Oklahoma City Thunder warms up before the... [+] game against the Portland Trail Blazers during Game Four of Round One of the 2019 NBA Playoffs on April 21, 2019 at Chesapeake Energy Arena in Oklahoma City, Oklahoma. Breaking: The Oklahoma City Thunder have agreed to trade Russell Westbrook to the Houston Rockets for Chris Paul, first-round picks in 2024 and 2026, pick swaps in 2021 and 2025, league sources tell @wojespn and @royceyoung. But that is not where the savings end. The NBA off-season has left every other league in the dust with its drama. Going with Paul to Oklahoma City are two first round draft picks, as well as the opportunity for Oklahoma City to swap first round draft picks with Houston on two other separate occasions. But what about Chris Paul? According to a report from Tom Pelissero, the Jacksonville Jaguars are placing 12 of their 16 practice-squad players on the Reserve/COVID-19 list. Available for everyone, funded by readers. (Photo by Zach Beeker/NBAE via Getty Images), EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change. Russell Westbrook III (born November 12, 1988) is an American professional basketball player for the Houston Rockets of the National Basketball Association (NBA). He played his first two NBA seasons with the New Orleans-Oklahoma City Hornets while the team was displaced from Louisiana by the damage caused by Hurricane Katrina in 2005. After all, the potential of losing four first round draft picks doesn’t do much to help a team that is still taking it’s best shot at rebuilding. As for Chris Paul, who is heading to Oklahoma City, this will be his fourth different team he has played for in his NBA career. It was one of those moments in sports history that you'll always remember where you were for the rest of your life. The Thunder also are getting first-round picks in 2024 and 2026, plus the right to swap first-rounders in two other seasons, according to the person who spoke to The Associated Press on condition of anonymity Thursday because the trade has not been announced. pic.twitter.com/D7EreMdncL, — SportsCenter (@SportsCenter) July 12, 2019. ress_js("https://platform.twitter.com/widgets.js"); The rumor mill had been churning for a few days, with our Pistons seemingly in the mix for the triple-double machine. After being signed just before... Ladies and gentlemen, it is our great pleasure to introduce to you the Sports Carnage Podcast Ultimate Sportscaster Bracket. © 2020 Forbes Media LLC. Paul has 9,181 career assists, the most among active players. This makes for a reunion of sorts as well, as Westbrook and James Harden of the Houston Rockets were teammates until after the 2011-12 season, when Harden was traded to Houston after he and the Thunder were unable to agree on a long term contract extension. Opinions expressed by Forbes Contributors are their own. Russell Westbrook Traded to Rockets as a Wild N.B.A. If you were in the camp that wanted to see the Detroit Pistons land former Oklahoma City Thunder point guard Russell Westbrook, you might want to stop reading now.