After finalizing a contract buyout with the Detroit Pistons, three-time All-Star center DeAndre Jordan intends to sign with the Los Angeles Lakers, sources told ESPN.
Detroit got Jordan, four second-round picks and $5.78 million in a deal with Brooklyn on Friday with the intention of buying out the remaining two years and $20 million on Jordan’s contract, sources told ESPN.
Once the buyout agreement is signed, Jordan will have to clear waivers before becoming a free agent and signing with the Lakers. His contract terms make it virtually impossible for Jordan to be claimed by a team.
Brooklyn got Jahlil Okafor and Sekou Doumbouya in the deal with Detroit, the Nets revealed Saturday.
They will send the Pistons their 2022 and 2027 second-round picks along with the more favorable 2024 second-rounder between the Washington Wizards and Memphis Grizzlies and the more favorable 2025 second-rounder between the Wizards and Golden State Warriors, sources said.
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Trading Jordan’s contract instead of buying it out offers the Nets financial relief in the short term, but also in the future with the repeater tax penalty starting in 2023.
“We appreciate everything DeAndre has contributed to our organization over the past two seasons both on and off the court and wish him and his family the best moving forward,” Nets general manager Sean Marks said in a statement.
Brooklyn had the option of waiving and stretching the $19.7 million owed on Jordan’s deal over five seasons; that would have represented a $3.9 million cap hit that would have lingered on the team’s books from 2021 to 2025.
The move could have saved the Nets money on their luxury tax bill for the next two years but cost them an extra $20 million in 2023-24 and could have reached $50 million in 2024-25 and 2025-26.
The Lakers have signed several veteran players to their bench — including eight-time All-Star center Dwight Howard — and still have three-time All-Star Marc Gasol on the roster.
Jordan was part of a free-agent signing class with Brooklyn that included Kevin Durant and Kyrie Irving in 2019.
Initially, Jordan alternated at starting center with Jarrett Allen, who was eventually traded to Cleveland as part of the four-team deal that landed the Nets All-NBA guard James Harden.
Once the Nets acquired Blake Griffin and LaMarcus Aldridge, Jordan’s role diminished. Jordan averaged 7.5 points and 7.5 rebounds in 57 games played last season in Brooklyn.
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