The trade can’t be consummated until the NBA free agent moratorium ends on July 6, but a deal has been struck where Charlotte sends Howard to Brooklyn for Timofey Mozgov, two second-round picks, and cash.
I don’t love this trade for the Nets — it’s going to get awkward with Howard being asked to come off the bench behind Jarrett Allen (and he should come off the bench). But it frees up an extra $17 million for the Nets in the summer of 2019 as they start to reshape their roster.
The Hornets get away from the luxury tax with this move but tie up their cap space next year with Mozgov still getting paid off the contract former-Laker-now-Hornets GM Mitch Kupchak gave him years ago. It was a short-term move that isn’t great for the long term. Unless Kemba Walker wanted Howard gone and the Hornets want to re-sign their point guard. A lot of unanswered questions still about this team.