The Los Angeles Lakers rejected a trade offer from the Minnesota Timberwolves that would send forward Michael Beasley to Los Angeles in exchange for a first-round draft pick, according to ESPN’s Chris Broussard.
According to Broussard, the Lakers rejected the trade to avoid paying added luxury tax. The Lakers have one of the highest payrolls in the league (around $88 million) and are already due to pay $18 million in luxury taxes this season, according to Broussard.
Beasley, 23, was the second overall pick by the Miami Heat in the 2008 NBA Draft but was traded to Minnesota prior to last season. This season, he is averaging 12.8 points and 5.3 rebounds per game for the Timberwolves.