UPDATE: The Hawks have announced the trade to acquire Jeremy Lin.
Hawks have announced the Jeremy Lin trade. pic.twitter.com/O063CEzK3S— Brad Rowland (@BTRowland) July 13, 2018
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.
Brooklyn has traded Jeremy Lin to the Hawks, league sources tell ESPN.— Adrian Wojnarowski (@wojespn) July 13, 2018
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.
In the Jeremy Lin deal, Atlanta sends the Nets the rights to 2016 second-round pick Isaia Cordinier (you'll probably never see him). Atlanta gets a 2025 second-round pick and the right to swap picks with Nets in 2023.— Adrian Wojnarowski (@wojespn) July 13, 2018
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:
Meanwhile, told the Hawks plan to keep @JLin7, acquired from BKN tonight (@wojespn first). With @TheTraeYoung in the mix as well, you’d have to think Atlanta is in range to deal incumbent point @DennisMike93, around whom trade rumors have been flying for weeks.— David Aldridge (@daldridgetnt) July 13, 2018
Stay tuned for more information as it becomes available in the coming hours.