In effect, the Nets and 76ers completed two simultaneous trades today.
Brooklyn acquired Casper Ware with the pre-existing Tyshawn Taylor trade exception then sent Marquis Teague and a second round pick in 2019 to Philly for Ware, whose contract is non-guaranteed. As a result, the Nets also wound up with a $1,120,920 trade exception, the value of Teague's contract. Ware was waived early Saturday morning.
Here's the nitty-gritty...
Ware is scheduled to make $816,482 this season, none of it protected. The Nets still had a $788,872 TE left over from the Taylor deal that didn't expire until January. Teams can add up to $100,000 to the value of a TE for trade purposes. In this case, that means ceiling of $888,872. That's more than Ware would have made, so the two teams could shape the deal that way. The Nets are expected to waive Ware as early as Saturday.
The pick they sent Philly came to the Nets in July as part of the Jason Kidd compensation package. The pick, still five years away, will be the more favorable of the two second rounders the Bucks have in that draft: their own or the one they acquired from the Kings last year in the Luc Mbah a Moute trade.
The Nets still have a $741,160 TE from the Marcus Thornton for Jarrett Jack and Sergey Karasev deal. They could have used that one as well, if they had wanted to. But since the Thornton TE has a longer shelf life, better to use the one close to running out and save the one with the longer shelf life.
So at the end of the day, the Nets have two TE's one for $1,120,920 (+$100,000) from the Teague deal and one for $741,160 (+$100,000) from the Thornton deal. The Teague TE expires a year from Friday. The Thornton TE expires in July.
Only thing that could have made things better? If the Nets had their own D-League team, they could have sent Ware, not a bad player, there. Still, as one team insider said Friday night, "Pretty good, huh."