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Hornets finalizing deal to send Dwight Howard to the Brooklyn Nets for Timofey Mozgov

Mitch Kupchak makes his first big splash as Hornets general manager by exchanging a couple of his old pals.

NBA: Indiana Pacers at Charlotte Hornets Sam Sharpe-USA TODAY Sports

Per Adrian Wojnarowski of ESPN, the Hornets are sending Dwight Howard to the Brooklyn Nets for Timofey Mozgov, two second round picks, and cash.

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.

Instead, we can enjoy the irony of Mitch Kupchak trading a failed experiment from his Lakers days for another failed experiment from his Lakers days.

Update:

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.