The Indiana Pacers have received a $10 million insurance on Victor Oladipo, per J. Michael of Indy Star.
As Michael reports, the Pacers received the insurance on Oladipo and are expected to drop to the league’s lowest payroll as a result.
“The Pacers’ cap number is $114.6 million for 2019-20 and they’re positioned to come in at $104.6 million due to Oladipo’s injury, well below the current 30th payroll of the Atlanta Hawks ($112.3 million).
Each NBA team submits at least five players to receive league-wide insurance and the highest salaries fall under this CBA provision. After a 41-game waiting period (Oladipo went down in the 47th game last season and returned in the 48th this season), insurance pays 80%,” Michael says.
Oladipo is making $21 million this season with the Pacers. He is due the same amount next season.
In 13 games for the Pacers this campaign, Oladipo averaged 13.8 points, 3.2 rebounds and 3.0 assists.