The Charlotte Hornets have agreed to trade Dwight Howard to the Brooklyn Nets for center Timofey Mozgov, two future second-round picks and cash.
Howard had $23.8 million remaining on his expiring Hornets deal.
Charlotte will get the Nets’ second-round pick, the 45th selection, in tomorrow’s NBA draft and a 2021 second-round pick.
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The Nets are will save nearly $17 million on the trade in the 2019-20 season, allowing them to create two max-salary slots for 2019 free agency. Brooklyn is creating a nice chunk of future cap space with the transaction.
Howard’s contract expires after the 2018-19 season, enabling Brooklyn to be a player in the future free agency market.
Howard, 32, an eight-time NBA All-Star, is changing teams for the third time in nearly three years, from the Houston Rockets to Atlanta Hawks to Charlotte and now Brooklyn.