OCTOBER 6: The Nets have now completed both trades, announcing in a press release that their deal with the Pacers is complete.
OCTOBER 5: The Nets are making a pair of minor trades, according to reports. Brooklyn will send power forward Sekou Doumbouya (and his $3,613,680 salary) and an unprotected 2024 second-round draft pick to the Rockets in exchange for $110K, per Shams Charania of The Athletic (Twitter link) and Tim MacMahon of ESPN (Twitter link). The Rockets will waive Doumbouya, sources inform MacMahon.
In their other deal, the Nets will receive guard Edmond Sumner and a 2025 Heat second-round draft selection from the Pacers, per Adrian Wojnarowski of ESPN (via Twitter). The Nets will subsequently waive Sumner, who is set to miss the entire 2021/22 season due to a torn left Achilles tendon. The Pacers will receive the draft rights to Juan Pablo Vaulet from Brooklyn in the deal, tweets Michael Scotto of HoopsHype.
Both of these transactions are essentially salary dumps. The Nets and Pacers are each attaching a second-round pick in order to avoid paying a player’s guaranteed salary. Both the Rockets and Nets have trade exceptions that will enable them to take on a new player without sending one out in a deal.
The Sumner deal creates extra breathing room below the tax line for the Pacers, as Bobby Marks of ESPN notes (Twitter link). The Pacers will save $2.3MM, dipping them to $2.8MM below the luxury tax line.
Meanwhile, Marks adds (via Twitter) that the Nets will save a total of $8.1MM as a result of the two deals: $6.8MM in projected luxury tax payments and $1.29MM in salary. Marks notes that Brooklyn was able to compensate for the outgoing 2024 second-rounder owed to Houston by adding the 2025 second-rounder in the Pacers transaction. So ultimately, the star-studded Nets saved $8.1MM while not losing cumulative draft equity.
The 6’8″ Doumbouya, 20, was selected with the No. 15 pick in the 2019 draft. Last season, he averaged 5.1 PPG and 2.6 RPG in 56 games with Detroit, including 11 starts.
Marks adds (Twitter link) that Brooklyn now gains a $3.6MM trade exception via the Doumbouya deal, and will probably use the exception to add Sumner. The Pacers have gained a $2.3MM trade exception.
Luke Adams contributed to this report.