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Atlanta Hawks acquire Jeremy Lin in trade with Brooklyn Nets

Presumably using the cap space to acquire help for the future.

NBA: Preseason-Philadelphia 76ers at Brooklyn Nets Anthony Gruppuso-USA TODAY Sports

UPDATE: The Hawks have announced the trade to acquire Jeremy Lin.

For weeks, speculation rumbled concerning what the Atlanta Hawks would do with their considerable salary cap space during the summer of 2018. Though there was obvious appeal in potentially exploring the free agent market in search of young talent, the overwhelming sentiment across the league was that Travis Schlenk and company were likely to use the space to take on big money from another team while also acquiring an asset (or multiple assets) for the future.

Then, on Thursday evening, word broke from ESPN’s Adrian Wojnarowski that the Hawks would be taking on Jeremy Lin’s salary in a trade with the Brooklyn Nets.

After a trade kicker, Lin would count $13.8 million against the salary cap for the Hawks next season. In a later tweet, Wojnarowski clarified the details on the trade, including the second-rounders coming the Hawks’ way from Brooklyn.

Atlanta will send back to Brooklyn their draft rights to Isaia Cordinier, a French guard who played with the Hawks’ Summer League entry last year but was excluded from the festivities in 2018, as well as a top-55 protected second-round pick in 2020, courtesy of the Portland Trail Blazers.

The Hawks will take Lin into cap space, which means he can be immediately aggregated with other players in a trade. However, reporting from David Aldridge indicates that Lin will remain in Atlanta, with speculation surrounding Dennis Schröder’s future with the team:

Stay tuned for more information as it becomes available in the coming hours.