Brooklyn Nets Start Dealing, Acquire Kenneth Faried, Move Jeremy Lin
While the work day could be considered finished in the late hours of the night, the Brooklyn Nets were wheeling and dealing late Thursday evening.
In a string of moves, the Nets first acquired Kenneth Faried and Darrel Author from the Denver Nuggets, after which they moved Jeremy Lin in a separate trade with the Atlanta Hawks.
Faried has been a name caught in trade rumours for a couple of years now and at long last, the Nuggets pulled the trigger in a move that amounts to essentially a salary dump. Arthur and a 2019 top-12 protected first-round pick and a future second-round pick moves to the Nets as well in exchange for Isaiah Whitehead as per Adrian Wojnarowski of ESPN. The Nuggets plan to immediately waive Whitehead to create more cap space.
Allowing the Nuggets to get back under the luxury tax, the franchise will save $43-million in salary and projected tax with the move, bringing them $8.7-million below the salary cap threshold.
Faried, who spent his entire career in Denver averaged just 5.9-points and 4.8-rebounds in 14.4-minutes across 32-games as he watched himself fall to the bottom of the team’s depth chart.
In a Thursday night move, the Nets also moved point guard Jeremy Lin to the Atlanta Hawks. Once again, the move was first reported by none other than ESPN’s Adrian Wojnarowski.
In return, the Nets will receive the rights to the Hawks’ 2016 second round pick Isaia Cordinier, while Atlanta will absorb Lin’s $12.5-million expiring contract. The Hawks will also receive a 2025 second-round pick and the right to swap second round picks in 2023.
The 29-year old point guard has been rehabbing a ruptured patella tendon injury.