The Raptors are trading forward DeMarre Carroll to the Nets, as Toronto looks to clear salary-cap space after signing Kyle Lowry to a three-year, $100 million deal, ESPN.com reports.
Carroll has two years and $30 million left on his contract, and removing him from the books helps the Raptors avoid paying a luxury tax.
The Nets will also receive a lottery-protected 2018 first-round draft pick and a second-round pick in exchange for taking on the remainder of Carroll’s deal. Additionally, center Justin Hamilton goes from Brooklyn to Toronto.
The Nets, evidently, are willing to take on large contracts as they look to bolster their roster. Earlier this offseason, Brooklyn accepted center Timofey Mozgov’s $46 million burden from the Lakers in a deal that also netted them second-year guard D’Angelo Russell. Since the Celtics own the rights to Brooklyn’s first-round pick next season, finishing at the bottom of the standings again does nothing to incentivize the Nets.
The Carroll-to-Brooklyn deal will not be finalized until the Wizards officially match the Nets’ $106 million offer sheet for Otto Porter, as the Nets don’t yet have the salary-cap space to fit Carroll, ESPN reports. The Wizards, according to the report, plan to “slow play” the results of Porter’s physical to hold up free-agency maneuvering by the Nets and Raptors, two of their Eastern Conference rivals.