The Charlotte Hornets have come to an agreement with the Brooklyn News to send Dwight Howard to the nets for Timofey Mozgov, two second round draft picks and cash.
The Hornets was very aggressive about moving Howard and his $23.8 million expiring contract. The Hornets will now receive the Nets’ second-round draft pick (No.45) in Thursday’s NBA draft and 2021 league sources have said.
Mosgoz has a contract for two years $32.7 million left on his contract, general manager Mitch Kupchak signed Mozgov to a four-year, $64 million deal with the Los Angeles Lakers two years ago.
The deal won’t be officially completed until July 6. The Nets need money to expire off their salary cap before they can take Howard’s contract.
The Nets will save $17 million on this trade allowing them to create two max-salary openings for the upcoming 2019 free agency.
The 32 year old all-star Howard is changing teams for the third time in his last three years playing in the league, moving from Houston Rockets, To Atlanta Hawks, Charlotte and now Brooklyn Nets.