Pacers acquire veteran guard in trade with Warriors

The Pacers are acquiring veteran guard Cory Joseph from the Warriors, according to The Athletic’s Shams Charania. Indiana is sending out a second-round pick for Joseph and cash. The pick will be in this year’s draft, Anthony Slater of The Athletic tweets.

Golden State will reduce its luxury tax penalty by $13.5M by taking off Joseph’s $2M cap hit, Yossi Gozlan of Hoops Hype tweets. 

The Warriors now have a $172.8M projected luxury tax penalty with a $379M combined payroll and tax payments.

Indiana has a roster spot opening, so it doesn’t need to waive a player to make room for Joseph. 

The Pacers have plenty of depth at point guard, so it’s unclear whether they have any plans for the 32-year-old. Joseph has appeared in 26 games off the bench this season, averaging 2.4 points and 1.6 assists in 11.4 minutes.

Joseph played the past two seasons and part of the previous campaign with Detroit.