Trade season has begun. According to ESPN's Adrian Wojnarowski, the Hornets have traded eight-time All-Star Dwight Howard to the Nets for backup center Timofey Mozgov.
Charlotte is finalizing a deal to send Dwight Howard to the Brooklyn Nets for Timofey Mozgov, league sources tell ESPN. Nets will save $17M on deal in 2019-20 season, allowing them to create two max salary slots.- Adrian Wojnarowski (@wojespn) June 20, 2018
Two second-round picks and cash considerations will also be included in the deal, according to Shams Charania of Yahoo! Sports.
Sources: Charlotte traded Dwight Howard to Brooklyn for Timofey Mozgov, two second-rounders and cash considerations.- Shams Charania (@ShamsCharania) June 20, 2018
Howard is owed more money than Mozgov next season, but he will be a free agent following the 2018-19 season, a year before Mozgov's current contract expires. The trade could open up as much as $60 million in cap space for Brooklyn next offseason.
For the Hornets, the trade helps them avoid the luxury tax next season.
The trade for Charlotte is luxury tax related. The Hornets prior to the trade would have been a tax team for 2018-19 and now have a $13M cushion. The tradeoff is that Charlotte inherits the Timofey Mozgov $16.7M contract for 2019-20.- Bobby Marks (@BobbyMarks42) June 20, 2018
Howard is coming off the most productive season since he was last named an All-Star. In 81 games with the Hornets, the big man averaged 16.6 points, 12.5 rebounds and 1.6 blocks per contest.
Mozgov appeared in 31 games with the Nets - starting in 13 of them - and averaged 4.2 points, 3.2 rebounds and 0.4 blocks per game.