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Are Nets moving closer to Jordan Hill trade? They're willing to assume $17 million hit

Joe Camporeale-USA TODAY Sports

Are we about to see the NBA's first $200 million team?

Various reporters are tweeting that the Nets and Lakers are in discussions to send Jordan Hill, the 6'10" power forward, to Brooklyn, using the Disabled Players Exception the Nets received after Brook Lopez went down for the season.

However, Howard Beck, is reporting without elaboration that the deal is a "long shot." Sean Deveney says Hill had a bad experience in New York with the Knicks and not likely to sign a new deal next year.

The news was first tweeted by Adrian Wojnarowski...

Later, Sam Amick, Marc Stein and others tweeted the same information. Stein said the Nets way is not yet clear, that the Lakers may have other suitors.

Stein reports the Nets could face competition from the Suns, who have a lot of picks.  Beck tweets the deal will be tough.

Deveney says the Nets are increasingly cool to the deal not because of the tax hit, but because Hill wouldn't re-sign.

The transaction would likely cost the Nets $17.5 million --$3.5 million in salary and the remainder in luxury tax.  That would push the Nets total to around $210 million.  For the Lakers, the deal, essentially Hill for nothing, will help the Lakers get under the luxury tax threshold.

As Stein tweeted of the Nets,  "They clearly don't care one whit about luxury tax."