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Nets acquire second-round pick from Toronto in Greg Monroe salary dump

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NBA: Los Angeles Clippers at Toronto Raptors Tom Szczerbowski-USA TODAY Sports

The Brooklyn Nets acquired Greg Monroe and an unprotected 2021 second-round pick Thursday from the Toronto Raptors, reportedly for $110,000 in cash. That’s the minimum a team can pay for a player’s rights. The Nets didn’t give up a player. Nor did they have to transfer any draft rights to their stashes.

Not long after Shams Charania’s initial report, Mike Scotto of The Athletic reported that the Nets would waive Monroe and they did. The Nets will pay the roughly half million dollars owed the 6’10” Georgetown product. The Raptors will save approximately $1.7 million in salary and taxes.

Even with the payment of Monroe’s remaining salary, the cost to the Nets is a fraction of what second rounders are going for.

The Nets will also maintain a roster opening, permitting them to sign a free agent, including those who will be cut in the coming days, or convert Theo Pinson’s contract from a two-way to a conventional contract. (In another personnel move, the Nets released Mitch Creek, who will return to the Long Island Nets.)

Kevin Pelton of ESPN gave the Nets a B (and the Raptors a B-) for the trade...

The Nets, who will reportedly waive Monroe, according to Michael Scotto of The Athletic, essentially bought a 2021 second-round pick for the $500,000 and change remaining on Monroe’s contract.

That’s a good deal. Brooklyn did have to waive forward Mitch Creek from his 10-day contract to make room on the roster but could subsequently re-sign Creek for the rest of the season if desired.

Brooklyn also came close to another deal, reported ESPN’s Zach Lowe...

The Nets and Grizzlies briefly discussed a swap of Allen Crabbe — earning $19 million next season — and Denver’s first-rounder for the Garrett Temple/JaMychal Green pairing, sources say. Memphis, facing tax concerns, instead flipped those two for Avery Bradley’s semi-expiring deal — and no picks.

Shams report on the Raptor deal came several minutes after the 3:00 p.m. deadline.

Then...

Scotto reported indications the draft pick will be unprotected.

Masai Ujiri and Sean Marks have worked together in the past. The Nets took on DeMarre Carroll’s contract two years back in return for Toronto’s first and second round picks in 2018, which became Dzanan Musa and Rodions Kurucs.

And of course, like the Jahlil Okafor/Nik Stauskas trade last season, Sean Marks made a trade for one reason: To acquire a draft pick.

Since taking over, Marks hasn’t made any big splashes at the trade deadline, other than sending Bojan Bogdanovic and Chris McCullough to Washington for Andrew Nicholson and the Wizards first rounder, which became Jarrett Allen. Otherwise, the list is short and simple:

  • Cash considerations for K.J. McDaniels (2017)
  • Rashad Vaughn and Jeremy Lin’s disabled player exception for Dante Cunningham (2018)
  • Cash considerations for Greg Monroe and a 2nd round pick (2019)

The Nets will now move on to the Draft where they have three picks, two firsts and a second, and free agency.