On the eve of the new NBA Collective Bargaining Agreement going into effect, the Nets are clearing about $20 million in salary, reportedly trading Joe Harris to Detroit.
The full deal, per Woj, is Harris and two second round picks – a 2027 pick via Dallas and a 2029 pick via Millwaukee – headed to the Pistons, and the Nets getting a $19.9 million traded player exception for Harris’ expiring deal.
Harris, 31, signed a four-year, $72 million deal in November 2020, just after the COVID bubble season ended and the truncated 2020-21 season began, and he led the NBA in three-point percentage that year.
However, a foot injury limited him to just 14 games in 2021-22, and last season, he averaged just 7.6 points per game but still shot 42.6 percent behind the arc.
Now, the Nets will get his $19.928 million salary off the books, which gets them under the salary cap and roughly $30 million under the new CBA’s tax threshold. That trade exception can help them find some depth for this season, or help them retain Cameron Johnson, who became a restricted free agent when the Nets gave him a nearly-$8.5 million qualifying offer, if he is tendered an offer sheet elsewhere.
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