3:47pm: The trade is now official, according to a press release issued by the Nets.
1:30pm: The Pelicans are trading forward Dante Cunningham to the Nets in exchange for Rashad Vaughn, Shams Charania of Yahoo Sports tweets.
The 30-year-old veteran on an expiring deal, who had previously requested a trade from New Orleans, will arrive in Brooklyn and plans to stay there. David Aldridge of TNT tweets that the forward does not intend to pursue a buyout from his new team after three and a half seasons with the Pelicans.
In 51 games for the Pels, including 24 starts, Cunningham averaged 5.0 points and 3.8 rebounds per game. While he may not move the needle much for the Brooklyn franchise at first glance, the Nets staff has already done great things maximizing the value of other veterans at similar stages in their career.
The deal comes hours after a previous Cunningham swap fell through. Earlier today we wrote that the Pistons were engaged with New Orleans but ultimately traded the package of assets reserved for Cunningham to the Grizzlies for forward James Ennis instead.
This is the second time in a week that Vaughn will change teams. After starting the year with the Bucks, the 21-year-old shooting guard played one game for the Nets. Now he’ll join a Pelicans squad desperate for perimeter scoring.