Report: Nuggets deal Faried, Arthur to the Nets
NBA.com Global on Jul 13, 2018 01:22 PM
Kenneth Faried NBA file photo
NBA.com staff report
With new contracts doled out to Nikola Jokic and Will Barton, the Nuggets are reportedly sending out other players to keep their payroll under control. According to ESPN's Adrian Wojnarowski, Denver will deal veterans Kenneth Faried and Darrell Arthur, as well two future draft picks, to the Brooklyn Nets:
Denver has agreed to send Kenneth Faried, Darrell Arthur, a 2019 protected first-round pick and a future second round pick to Nets for Isaiah Whitehead, league sources tell ESPN. Salary dump for Denver.— Adrian Wojnarowski (@wojespn) July 13, 2018
Source: Denver's 2019 first-round pick to Brooklyn is protected 1-12.— Adrian Wojnarowski (@wojespn) July 13, 2018
Denver unloads $21M in salary on the deal. Nuggets will waive Whitehead, sources tell ESPN. https://t.co/ot9P5TajeX— Adrian Wojnarowski (@wojespn) July 13, 2018
Wojnarowski adds that the first-round pick is top-12 protected.
The move helps alleviate the financial pressure Denver would have felt had they kept the combined $21 million of Chandler and Arthur's respective contracts on the books. The Nuggets would have faced a significant luxury tax bill after doling out a max contract to Jokic and a reported four-year deal for Barton.
Instead, Denver was able to deal the final years of Chandler and Arthur's contracts for the added price of a protected first-round pick in exchange for Whitehead, whom Wojnarowski reports will be waived. Brooklyn, meanwhile, continues to slowly restock its cache of draft picks after recovering from the ill-fated trade for Kevin Garnett and Paul Pierce with Boston in 2013.
The deal also allows the Nets a look at Faried, a former USA Basketball standout who has averaged 12.3 points and 8.7 rebounds per game as a starter during his seven-year career. His role shifted to the bench over the two years, especially after Denver signed free agent forward Paul Millsap a year ago. Faried's role diminished until he averaged career-lows of 5.9 points and 4.8 rebounds per contest in just 32 games with the Nuggets last season.