In a series of post-midnight tweets Friday, Adrian Wojnarowski reported that Sean Marks has ended the Nets backcourt logjam, added two bigs, a first rounder in next year’s draft and two second rounders in 2020 ... all of it without cutting into their 2019 cap space.
Bottom line: The Nets traded Jeremy Lin and Isaiah Whitehead in two interrelated moves, dealing and swapping second rounders with Atlanta and engineering a salary dump that have them taking on Kenneth Faried and Darrell Arthur in exchange for the two picks.
Here’s how it came together, according to Woj,
—the Nets first traded Jeremy Lin, a Nets second rounder in 2025, the right to swap second rounders in 2023 to the Hawks for the draft rights to injured 21-year-old French guard Isaia Cordiner and Portland’s second rounder in 2020, which is protected top 55. That deal freed up $12.5 million in cap space which when added to the $10.5 million the Nets already had, gave Marks enough to make a second move.
—the Nets then dealt Isiah Whitehead to the Nuggets for Faried and Arthur in a salary dump that also yielded the Nets a protected (1-through-12) first round pick in 2019 and an unprotected second rounder in 2020. Denver will waive Whitehead, who had a non-guaranteed deal.
Neither trade affects the Nets cap space in 2019 since both Faried and Arthur are on expiring deals. It remains in the $50 to $70 million range, enough for two max players.
Here, for posterity, are Woj’s tweets, starting at 12:09 a.m...
Brooklyn has traded Jeremy Lin to the Hawks, league sources tell ESPN.— Adrian Wojnarowski (@wojespn) July 13, 2018
Denver has agreed to send Kenneth Faried, Darrell Arthur, a 2019 protected first-round pick and a future second round pick to Nets for Isaiah Whitehead, league sources tell ESPN. Salary dump for Denver.— Adrian Wojnarowski (@wojespn) July 13, 2018
Denver unloads $21M in salary on the deal. Nuggets will waive Whitehead, sources tell ESPN. https://t.co/ot9P5TajeX— Adrian Wojnarowski (@wojespn) July 13, 2018
Nets and Hawks will also exchange future second-round picks in the deal, league sources tell ESPN. https://t.co/n5qooxLmQJ— Adrian Wojnarowski (@wojespn) July 13, 2018
Source: Denver's 2019 first-round pick to Brooklyn is protected 1-12.— Adrian Wojnarowski (@wojespn) July 13, 2018
In the Jeremy Lin deal, Atlanta sends the Nets the rights to 2016 second-round pick Isaia Cordinier (you'll probably never see him). Atlanta gets a 2025 second-round pick and the right to swap picks with Nets in 2023.— Adrian Wojnarowski (@wojespn) July 13, 2018
Story on Brooklyn using its salary cap space to take on Denver contracts -- and another first-round pick: https://t.co/Fn3k9aLCx3— Adrian Wojnarowski (@wojespn) July 13, 2018
Brooklyn still has $2.6 million in cap space available with 14 players under contract, Woj’s colleague Bobby Marks reported. The Nets can exceed the salary cap to re-sign Joe Harris at two years and $16 million because of the Early Bird exception. The $4.4 million room mid-level exception is reserved for Ed Davis. The Nets will also need to sign second round pick Rodions Kurucs out of cap space. He’s projected to get about $1.5 million in his first year, according to a report by Sportando, the European hoops site.
The Nets were able to absorb the Kenneth Faried and Darrell Arthur contract because of the $1.5M free agent cap hold of Joe Harris. The trade would not have worked had Brooklyn signed signed Harris to his $8M cap hit once the moratorium was lifted.... https://t.co/mVqX5zc8uy— Bobby Marks (@BobbyMarks42) July 13, 2018
The Nets have been trying to trade Lin since before the Draft, engaging in talks with several teams. One league source, while calling Lin a great young man, said the Harvard product simply did not fit in the Nets future plans. Lin, who turns 30 next month, missed all but 37 games in his first two years of a three-year, $36 million contract, including all but one last season. The Nets were also unsure whether Lin would be ready for training camp. He is still restricted from full contact. Moreover, the Nets believe in their young guards: D’Angelo Russell, Spencer Dinwiddie and Caris LeVert.
Joe Tsai, the Nets new minority owner who had called Lin his “favorite player,” tweeted early Friday morning from China that he was well aware of the trade talks and wished Lin well.
Sean Marks has kept me updated on our team's moves during this offseason. He and his team are doing terrific work to build the Nets for the long term. I love Jeremy Lin because he represents the underdog in all of us -- truly first class on and off the court.— Joe Tsai (@joetsai1999) July 13, 2018
Jeremy is not only exciting to watch, he sets an example for perseverance and leadership. We are great friends, and I will follow his progress no matter where he is.— Joe Tsai (@joetsai1999) July 13, 2018
Lin, who now joins his seventh NBA team, had his own tweet...
Wow...crazy!!— Jeremy Lin (@JLin7) July 3, 2018
As for Whitehead, the only Brooklyn native to play for the Brooklyn Nets, he was seen as too much of a tweener, without the ball handling skills to play at the 1 nor the shot to play at the 2. He expressed his disappointment but also his gratitude.
& To The Whole Borough Of Brooklyn Forget Basketball. Everything I Did These Last Two Years Will Continue. Giving Back To My City Was Always The Plan & Always Will Be ✊ ❤️ #BROOKLYN— Isaiah Whitehead (@isaiahwhitehead) July 13, 2018
Assuming the Nets retain both Faried and Arthur, they add two forwards who saw limited action this past season in Denver. Faried, a superb rebounder and still only 28 years old, is 6’8” while Arthur, more of a stretch 4, is an inch taller. He’s 30. The two are on expiring contracts and are owed $21 million.
If either one is going to be bought out, Arthur is the more likely to get moved. Faried is healthy but was caught in a logjam upfront. He has career averages of 11.4 points and 8.2 rebounds. Arthur, on the other hand, battled knee soreness all season and appeared in just 19 games, averaging 2.8 points and 0.8 rebounds. He has shot 35.2 percent from three over his career. Arthur exercised his $7.4 million player option for the 2018-19 season in June.
Barring any further moves, the Nets now have Jarrett Allen, Ed Davis, Faried and Arthur upfront along with their starting 4 from last season, Rondae Hollis-Jefferson.
More importantly, they now have two first round picks in 2019, their own and the Nuggets’ protected pick as well as one in each succeeding draft going forward. They also have multiple second rounders: the Knicks’ pick in 2019; the Nuggets’ pick in 2020; their own pick in 2022; the Pacers’ pick in 2023 (if not before) as well as the swap of 2023 picks with the Hawks and their own pick in 2024.
Cordinier, whose rights Brooklyn obtained from Atlanta, missed the entire 2017-18 season after surgery on both knees to solve a tendinitis problem. The 21-year-old Cordinier is a 6’5” shooting guard who’s played in the French league since age 16. His status for the upcoming season is uncertain. The Nets now have three overseas stashes: Cordinier, Juan Pablo Vaulet and Aleksandar Vezenkov.
First impressions of the trade from NBA pundits were overwhelmingly positive. Kevin Pelton, writing on ESPN, gave the Nets an A, the Nuggets a B and the Hawks a D-.
Others tweeted out their approval...
And, yes, the Nets are going to have massive cap space next summer. So will the Knicks. The Fight for the Apple is going to be fierce 12 months from now.— David Aldridge (@daldridgetnt) July 13, 2018
Anyway, Sean Marks stays being absurdly good at this general manager job. Took over what was unquestionably the least desirable job in the league in Brooklyn, and has them in position next summer to be legit players. He’s done exceedingly well.— Sam Vecenie (@Sam_Vecenie) July 13, 2018
Sean Marks is good at this.— Sean Highkin (@highkin) July 13, 2018
Sean Marks and Trajan Langdon have run a master class in how you rebuild a team when you have no assets from which to rebuild with. Remarkable job acquiring talent and picks.— Keith Smith (@KeithSmithNBA) July 13, 2018
The Nets could have two first round picks and a load of cap space next summer—possibly two max slots depending on other moves—and a young, improving roster with a good coach in a big media market. There are no shortcuts, but they're improving fast. @ringer https://t.co/433pd9PwWI— Kevin O'Connor (@KevinOConnorNBA) July 13, 2018
The Denver trade solved a number of problems for the Nuggets who got under the luxury tax threshold with the deal and alleviated their frontcourt logjam. The Nuggets signed two young players, Nikola Jokic and Will Barton, to big deals in the last week, worsening their cap situation and making it imperative they dump salary. They had already traded Wilson Chandler for two second rounders last week, but they were still $10 million over the tax threshold before Marks came to the rescue.
Expect additional news on Friday.
- Sources: Nets to get Kenneth Faried, Darrell Arthur, two draft picks in deal with Nuggets - Adrian Wojnarowski - ESPN
- Nets trade guard Jeremy Lin to Hawks, sources say - Adrian Wojnarowski - ESPN
- Trade grades: Who wins the Jeremy Lin and Nets-Nuggets deals? - Kevin Pelton - ESPN Insider
- Nets Are Trading Jeremy Lin to the Atlanta Hawks - Marc Stein - New York Times
- AP source: Nets trade Jeremy Lin to Hawks - Brian Mahoney - AP
- Nets trade Jeremy Lin to Hawks, source says - Greg Logan - Newsday
- Nets trade Jeremy Lin to the Hawks - Brian Lewis - New York Post
- Nets trade Jeremy Lin, Isaiah Whitehead in two separate deals for Kenneth Faried, first-round pick: report - Ari Gilberg - New York Daily News
- How in one night, the Nets came to acquire a 2019 first-round pick from the Nuggets and end the Jeremy Lin era - Michael Scotto - The Athletic New York
- Jeremy Lin traded to Hawks, Kenneth Faried to Nets in salary cap deals - Kristian Winfield - SB Nation
- Trading Jeremy Lin Signals Nets Are All In -- On 2019 - Steve Lichtenstein - WFAN
- Report: Nets Trade Jeremy Lin to Hawks, Take Kenneth Faried From Nuggets - Khadrice Rollins - Sports Illustrated
- Report: Nets trade Jeremy Lin to Hawks - Ryan Young - Yahoo! Sports
- Hawks acquire Jeremy Lin in trade with Nets - Michael Cunningham - Atlanta Journal-Constitution