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Insider

Wizards go pedal to the metal

Hey, what happened to all that economic Armageddon we were hearing about? We're still a week from free agency, but on Tuesday, two teams effectively committed to paying the luxury tax next season.

Earlier in the day, we had the San Antonio Spurs go down that path in their trade for Richard Jefferson (they could still wriggle free, but it would take some exceptional maneuvering on their part), and now the Washington Wizards -- the same Wizards who won 19 games last season -- have decided to take the plunge.

Today the Wizards agreed to a deal that sends Mike Miller and Randy Foye from Minnesota to Washington for the No. 5 pick and the flotsam otherwise known as Etan Thomas, Darius Songaila and Oleksiy Pecherov. The trade is pending the procedural task of Thomas' getting $1.5 million to walk into the Wizards' offices and sign a piece of paper saying he won't use his early termination option.