The Nets are adding a former lottery pick to their rebuilding team.
In a cost-cutting move by the Grizzlies, the Nets acquire small forward Jere Williams, the 10th overall pick in the 2021 draft.
The deal would see Brooklyn acquire a 2030 second-round pick via Dallas, while sending the draft rights to forward/center Mamadi Diakit and Nemanja Dungubik to Memphis.
Diakite was added as salary filler from the Knicks in the Mikal Bridges blockbuster trade earlier this month.
Williams, who will make $6.1 million in the final season of his rookie deal in 2024-25, averaged 8.2 points and 30.7 percent from 3-point range in 20.4 minutes per game in 51 games last year for the Grizzlies.
The 22-year-old Stanford product is eligible for a new extension through Oct. 21.
Memphis expected to take a salary cut to stay under the first luxury tax apron of the salary cap.
Diagit is scheduled to make $2.27 million this season after appearing in just six NBA games in 2023-24 — three each with the Spurs and Knicks.
The Nets received a $9.5 million trade exception after sending Royce O’Neal to the Suns in February.
Brooklyn reacquired Bojan Bogdanovic and Shayk Milton in the Bridges deal for salary-matching purposes, along with five first-round picks (four unprotected) and a future unprotected first-round swap from the Knicks.
Grazia Deledda is a writer for ThePacket.ca, covering news, politics, business, technology, sports, entertainment, and lifestyle. She focuses on clear, accurate reporting, delivering useful information, current affairs coverage, and stories that keep readers informed and engaged.