Deal includes Nets sending two future second-round picks and cash to Charlotte for Howard, who has a $23.8M expiring contract. https://t.co/v4sOImIHl2— Adrian Wojnarowski (@wojespn) June 20, 2018
No word on when the 2nd round picks will convey. Stay tuned for further updates.
The move will save the Hornets roughly $6 million this season, giving them some breathing room under the luxury tax. However, it does add $17 million to next offseason’s cap, which could make a new deal for Kemba Walker more difficult unless more trades are made.
It’s difficult to detect any definitive direction for the team based on this move. Taking on a bad contract in exchange for picks is the type of move a rebuilding team would make, but then again, Dwight Howard didn’t impact winning enough to justify is $23 million salary.
The two picks acquired by the Hornets are this year’s 45th pick and a 2021 pick, according to Wojnarowski. The trade can’t be official until the end of the moratorium on July 6th, so the pick will still technically be made by the Nets, but the Hornets will inform them on who to take with the selection.