8:04pm: The deal is official, according to a Nets press release.
The Bucks will forward their second-round pick to Brooklyn in this summer’s draft if it falls between 31 and 47 overall, Wojnarowski adds in a separate tweet. Otherwise, the Suns will receive it as part of the Eric Bledsoe deal. Brooklyn was mainly interested in adding the draft pick, Wojnarowski adds (Twitter link).
Milwaukee will be Zeller’s fourth team. He played the last three seasons with the Celtics before signing a low-cost, two-year deal with Brooklyn. His $1.93MM contract for next season isn’t guaranteed. Zeller, 28, started 33 of 42 games with the Nets this season, averaging 7.1 PPG and 4.6 RPG in 16.7 MPG.
Vaughn, who has played all three of his seasons with the Bucks, has seen spot duty this season. He’s appeared in 22 games, averaging 2.7 PPG and 7.9 MPG. Vaughn, who is still just 21 years old, was the 17th overall pick of the 2015 draft. He’s making $1.9MM this season and becomes an unrestricted free agent this summer.