Last night, the Denver Nuggets put pen to paper on a one-year deal with Isaiah Thomas. But that’s not all. Per ESPN’s Adrian Wojnarowski, Kenneth Faried is on his way to Brooklyn, and the Nuggets are saving plenty of money in the process.
“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.”
The Nets continue to rack up first-round picks. Brooklyn hasn’t won more than 30 games since the 2014-15 season, but they are gathering their own assets. Sooner than later, they are going to have their moment. As for the Nuggets, this saves them in a couple of ways. For one they shed $21 million by making this trade. Secondly, it potentially saves them $43 million in payroll and luxury tax in 2018-19.
In the meantime, the 28-year-old Faried is coming off the least productive season of his seven-year career. He was limited to only 32 games (seven starts), averaging just 5.9 points and 4.8 rebounds. From 2012-16, Faried averaged 12.3 points and 8.7 rebounds per game for the Nuggets. But those days are long gone. Denver is moving on in a deal that’s best for all parties. The Nets can take the cap hit. They even still have $2.6 million in space available, but they don’t have to use it as they already have 14 players under contract.
The Nuggets are coming off a promising 46-36 season. That wouldn’t be good enough to send them to the postseason, of course. But they are on the right track. And now they don’t have to worry about Faried anymore. They just have to worry about catching the Minnesota Timberwolves, who have their own inner-turmoil to address.