2:56pm: The trade is official, according to announcements from both the Raptors and Nets. As we outlined in separate stories, Brooklyn waived Harry Giles to complete the deal, while Toronto immediately released Dinwiddie.
11:47am: The Raptors and Nets have agreed to a trade, according to ESPN’s Adrian Wojnarowski, who reports (Twitter links) that guard Dennis Schröder and forward Thaddeus Young will be heading to Brooklyn, while guard Spencer Dinwiddie is being sent to Toronto.
A free agent addition in the offseason, Schröder is making $12.4MM this season and has a $13MM cap hit for 2024/25. Young ($8MM) and Dinwiddie ($20.36MM) are both on expiring contracts. Dinwiddie will earn a $1.5MM bonus if he appears in two more games this season, tweets ESPN’s Bobby Marks.
According to Jake Fischer of Yahoo Sports (Twitter link), while Dinwiddie didn’t formally request a trade out of Brooklyn, both he and the Nets are happy he’s headed out of town.
The Nets can acquire Schröder using their $18.1MM traded player exception, which would have expired tomorrow, observes cap expert Yossi Gozlan (Twitter link). They’ll create a new TPE worth $20.36MM — Dinwiddie’s outgoing cap hit — and it will be good until February 8, 2025.
It’s essentially a salary dump for the Raptors, since moving off Schröder’s salary for next season will give Toronto more financial flexibility to re-sign its own impending free agents. Guard Immanuel Quickley (restricted) and newly-acquired big man Kelly Olynyk (unrestricted) fall into that category.
Schröder has had a solid season, averaging 13.7 PPG, 6.1 APG and 2.7 RPG on .442/.350/.852 shooting in 51 games (30.6 MPG), including 33 starts. But the 30-year-old was clearly was no longer in Toronto’s long-term plans, particularly after acquiring Quickley from New York in a previous in-season trade.
As for Young, the longtime veteran forward was valued for his locker room presence and production when called upon. However, he’s 35 years old and doesn’t fit the Raptors’ timeline. This will be Young’s second stint with the Nets, having previously played for Brooklyn from 2015-16.
Dinwiddie, 30, has averaged 12.6 PPG, 6.0 APG and 3.0 RPG in 48 games (30.7 MPG) this season, but has struggled with efficiency (.391/.320/.781 shooting line, .530 true shooting), and isn’t a great defender. It’s unclear how much of a role he’ll have with the Raptors, but it’s worth noting that Dinwiddie has performed well as a secondary and tertiary creator in the past.
Schröder will be a major upgrade for the Nets on the defensive end, and they won’t have to worry about losing him for nothing in free agency, since he’ll be under contract until 2025.
That seems like a pretty lateral move, tbh. Though Schroeder has been much better than Dinwiddie this year.
I assume Spencer is an expiring contract, payroll flexibility move for the off-season
Makes sense. I was thinking mostly from the Nets perspective.
Yes he is
It’s a lateral move because both teams are not good this year and because Dinwiddie asked out of Brooklyn. He’s been dogging it and no contending team would or should want him. This deal is just shuffling expiring contracts around.
I really like this for toronto even if they buy him out
I like Dennis S starting somewhere. Spencer will be waived probably. Now trade Brown and Jacob P if you can for a young PF, picks and a expiring contract
Trent and Temple for Wiseman and Hayes
Dinwiddie gets traded every season
I don’t think this is the entire trade. I feel like the big move is coming soon and this will play a part in it.
buddy theres an hour left in the deadline
This deal works well for the Raptors with Dinwiddie being an FA at the end of the year. No sense keeping Dennis around at $13M next year when the team is likely not going to be competitive. That said, with this move they could have up to $40M to spend in FA or in a trade, so that could also factor in.
Looks like the Nets are going to hold on to Mikal then and push for a play-in spot. Makes some sense as none of the teams from 7 through 10 are overly good. Even ending up in 10th would give them a realistic shot at getting into the first round.
Schroeder also gives them an actual PG. Dinwiddie has had plenty of solid seasons, but he’s more of a combo-guard. Schroeder isn’t some elite PG, but he’s better at directing traffic than Dinwiddie.
Agreed,
What do you mean. He is the best player in the world and he proved that in the Olympics….
BRKL doesn’t have a FRP this year so it makes sense to compete for a playin
Good move for TOR, to get off DS’s contract next year. They need to operate as a cap space team this off season. While Barnes is still cheap, and IQ just counts for his Q/O vs salary. If they can move Boucher, that would be another win.
Need to stop fooling around with Brown as well.
Brown has to go, but it’s a team option for next year. You can only deal him if you get expiring contracts back.
Yes, but getting expirings shouldn’t be a problem. A FRP even without a quality player might be. Ujiri overpriced Brown as an asset, considering TOR own priorities of expiring deals and Brown’s salary being far in excess of his market value. But he usually does OK.
Raps couldve had a FRP and Fournier but overplayed that hand
They will be crying over the Fournier that got away, for sure.
Salary trade only since it does not help either team.
Schroder is at least consistent, Dinwiddie… Not so much.
Dennis is consistently inconsistent, which is still more consistent than Spencer.
Win win trade for me.
Nets gets the trade exception and Schroder is a salary matching piece for next season.
Smart move from a financial perspective.
Players-wise Schroder could play better than Dinwiddie.
Good point bro.
Nice comment.
You’re smart and I like you.