Doug McDermott officially is a member of the San Antonio Spurs — and the Indiana Pacers officially will get something in return for his departure.
The Pacers and Spurs completed a sign-and-trade on Sunday that sends McDermott, a 2023 protected second-round pick and the right to swap 2026 second-round picks to the Spurs in exchange for San Antonio’s 2023 protected second-round pick, the teams announced.
More importantly, with McDermott already agreeing to join San Antonio on a three-year, $42 million contract, the Pacers were able to create a traded player exception equal to the value of the sharpshooter’s first-year salary that will expire one year from the date of today’s trade at the cost of only minor assets.