The Nets agreed to trade Andre Andrei Kirilenko to the 76ers yesterday.
Now, the deal is official, and we know all the particulars.
The Philadelphia 76ers today announced they have completed a trade with the Brooklyn Nets in which the Sixers acquire veteran forward Andrei Kirilenko, the Nets second round pick in 2020, guard Jorge Gutierrez and cash considerations in exchange for forward Brandon Davies. Additionally, the Sixers also receive the right to swap Cleveland’s second round pick in 2018 (which Philadelphia acquired during the offseason) with Brooklyn’s own second round pick that year.
In a related move, the Sixers waived Malcom Lee.
This trade will save the Nets $11,550,401 (Kirilenko’s $3,326,235 salary plus $8,224,166 in luxury-tax payments). If the Nets immediately waive Davies, whose salary is fully unguaranteed, they’d save an additional $3,756,413 ($3,165,664 in tax payments plus Davies’ remaining salary for the season of $590,749).
For the 76ers, the right to swap Cleveland’s pick rather than their own could be helpful. The 2018 draft is long way out, but considering the Cavaliers have essentially locked up LeBron James for the rest of his career – the way he framed his return, he can’t leave – they’re likely to remain good in four years. The Nets, on the other hand, are facing much more uncertainty.
Also, poor Malcolm Lee. Couldn’t even get his name spelled right in the official release sending him out the door.