After officially bringing their "big three" era to an end by trading away Kevin Durant and Kyrie Irving at the February 2023 deadline, the Nets stumbled down the stretch of that season, then found themselves stuck in the middle in 2023/24 -- not good enough to seriously contend for a playoff spot, but with no incentive to tank due to the fact that the Rockets controlled their 2024 first-round pick.
Having finished with a 32-50 record in '23/24, Brooklyn saw Houston capitalize on some lottery luck by claiming the No. 3 overall pick when the Nets' pick moved up six spots from its pre-lottery position.
Maybe that was the final straw that convinced general manager Sean Marks to regain control of the Nets' 2025 and 2026 first-round picks, but I suspect he was already plotting that move anyway. Brooklyn had no easy short-term path back to contention, and without those draft picks in hand, there was no way for the team to benefit from bottoming out.
The Nets paid a significant price to negate the Rockets' swap rights for their 2025 first-rounder and to reacquire their own 2026 pick, giving up control of four future Suns first-rounders (either outright or via swaps), including one that landed in the '25 lottery. However, the move set up the Nets to tear down their roster, lose a ton, and hopefully be in position to add their next franchise player in the 2025 or 2026 draft.
Brooklyn traded Mikal Bridges during the summer of 2024 and entered the fall projected to be the NBA's worst team, but new head coach Jordi Fernandez showed why the organization wanted to hire him in the first place by guiding the Nets to some unexpected first-half success. A club that bettors projected to finish with fewer than 20 victories won nine games in the span of a month before the end of November, prompting Marks to take action. Brooklyn was involved in two of the NBA's first three in-season trades of 2024/25, sending out Dennis Schröder to Golden State and Dorian Finney-Smith to the Lakers before the new year.
While losing Schröder and Finney-Smith slowed down the Nets, Fernandez's club continued to display impressive resilience, taking six of seven games right before the All-Star break to reach the 20-win mark with two months left in the season. This still wasn't a good team, of course, but it outperformed expectations at 26-56, making that first-round pick a little less valuable than anticipated -- especially after Brooklyn was unable to replicate Houston's lottery luck from a year ago, resulting in a slide to No. 8 overall.
Marks repeatedly stated over the course of the season that he loved seeing Fernandez and the Nets win games and that he wasn't looking to instill a losing culture in Brooklyn. That attitude may very well pay off in the long run, and it's not like losing more would've given the Nets a shot at Cooper Flagg or Dylan Harper, both of whom will likely be drafted by teams who finished ahead of Brooklyn in the standings.
Still, the Nets' 2024/25 performance sets up an interesting dilemma. Armed with cap room entering this summer, do they look to accelerate their rebuild by adding more win-now players and seeing what Fernandez is capable of when given more talent to work with? Or will Marks want to keep taking things slow in order to take another shot at a high lottery pick and ensure that 2026 first-rounder is worth the price he paid for it?
The Nets' Offseason Plan
It has been widely reported that the Nets are the only NBA team that will have significant cap room, which is accurate. The exact amount of space they'll have is a little trickier to pin down.
Portland looked headed for a similar outcome early in '24/25. Head coach Chauncey Billups was already believed to be on the hot seat entering the season, so when the Blazers lost 18 of their first 26 games and posted a 13-28 first-half record, it seemed to just be a question of whether or not management would wait until the end of the regular season to replace him.
A 15-67 season in 2023/24 - the worst mark in franchise history - earned Washington the No. 2 overall pick in a 2024 draft without any clear-cut future superstars at the top of the class. 
Just a couple weeks into the season, longtime head coach Gregg Popovich suffered a 
That may have been an overly optimistic outlook, but it's hard to say for sure, since we never really got a look at a fully healthy version of the Hornets in '24/25. Injuries decimated Charlotte's rotation over the course of the season, with starters like 
They'd gone out and acquired a legitimate two-way point guard in 
The Raptors seemed to be playing it safe with Ingram and a few other veterans down the stretch after falling out of playoff contention. But injuries were a legitimate issue during the first half of the season, preventing the front office and coaching staff from getting a consistent look at their core players - led by forward