Nets Acquire Dennis Schroder For Spencer Dinwiddie

Nets Acquire Dennis Schroder For Spencer Dinwiddie

The Brooklyn Nets and Toronto Raptors got together to swap point guards. The Nets got a player they can incorporate for the next couple of season, while the Raptors cleared out some additional salary for next season.

Here are the particulars:

Brooklyn Nets acquire: Dennis Schroder, Thaddeus Young

Note: Brooklyn waived Harry Giles III to complete this trade

Toronto Raptors acquire: Spencer Dinwiddie

Let’s dive in!

Brooklyn Nets

Incoming salary: $20.4 million in 2023-24

  • Dennis Schroder (PG, two years, $25.4 million), Thaddeus Young (C/PF, one year, $8 million)

Outgoing salary: $20.4 million in 2023-24

  • Spencer Dinwiddie (PG, one year, $20.4 million)

The writing was on the wall for Dinwiddie’s time in Brooklyn. The veteran guard the Nets hadn’t been able to agree on a contract extension. Brooklyn still wanted some certainty at the position, so in comes Schroder.

Schroder has had a nice season for the Raptors, but he was supplanted in the starting lineup by Immanuel Quickley after the OG Anunoby trade. As Toronto is resetting their roster, they don’t need a high-end backup point guard, which made Schroder very available.

The 30-year-old lead guard will bring some stability to the position for Brooklyn. Schroder can score and run the offense. He’s shot relatively well from deep. And he can still be a pesky defender at times.

Schroder’s contract shouldn’t be an impediment to any plans Sean Marks has for the offseason. If it is, the veterans deal is tradable enough that Brooklyn should be able to move him without worry.

It’s been reported that the Nets will waive Thaddeus Young. He’ll be a target for playoff contenders that are looking to add some veteran experience to their frontcourt.

Toronto Raptors

Incoming salary: $20.4 million in 2023-24

  • Spencer Dinwiddie (PG, one year, $20.4 million)

Outgoing salary: $20.4 million in 2023-24

  • Dennis Schroder (PG, two years, $25.4 million), Thaddeus Young (C/PF, one year, $8 million)

This trade was about creating even more cap flexibility for Toronto. It’s already been reported that the Raptors will waive Dinwiddie. He’s already got teams lining up to add him for the playoff run, so that’s probably a win for him in the end.

This deal, combined with Toronto's earlier trade with the Utah Jazz, has created near max cap space for the Raptors this summer. If Toronto keeps their own top-six protected 2024 first-round pick (it’s hovering right around the line of where they’d convey it to the San Antonio Spurs), they’ll have about $34.4 million in cap space this summer. If the Raptors deliver that pick, they’ll have over $40 million in cap space.

Given the Raptors don’t have a ton of rotation holes to fill, that’s some impressive spending power for this offseason. Masai Ujiri said he wasn’t doing a teardown rebuild, but more of a reset. Toronto’s trades today further that notion. The Raptors are set up to bounce back very quickly.