The Charlotte Hornets are trading Dwight Howard to the Brooklyn Nets in exchange for center Timofey Mozgov, cash and two future second-round picks, according to league sources of ESPN’s Adrian Wojnarowksi.
One of the two future second-round picks will take place in Thursday’s NBA Draft, the other in 2021.
Howard, who is entering his 15th season in the league, had a $23.8 million expiring contract. He is changing teams for the third time in three years.
Mozgov, who did not see a lot of playing time in Brooklyn during the 2017-18 season, had two years, $32.7 million left on his contract. The trade will save the Nets close to $17 million during the 2019-20 season, opening up two max salary slots for free agency in 2019.
The deal can not become official until July 6th when the moratorium period ends.
The Nets will need money to expire off the salary cap to take on Howard’s salary.
The Nets will save nearly $17 million on the trade in the 2019-20 season, allowing them to create two max-salary slots for 2019 free agency.
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Howard, 32, an eight-time NBA All-Star, is changing teams for the third time in nearly three years, from the Houston Rockets to Atlanta Hawks to Charlotte and now Brooklyn.
Howard played only one season for Charlotte, averaging 16.6 points and 12.5 rebounds per game. He is due to make $23.8 million this season, the final year of his contract.
Mozgov’s numbers pale in comparison to Howard’s.
He played in only 31 games last season for the Nets, averaging 4.2 points and 3.2 rebounds.
The 7ft 1in Mozgov has not played a full 82-game season since 2013 and has averaged in double figures only once during his eight-year NBA career.