The Warriors are finalizing an agreement with the Nets to acquire veteran point guard Dennis Schröder, reports Shams Charania of ESPN.
Sources tell Charania that Brooklyn will send Schröder and one second-round pick to Golden State in exchange for injured guard De’Anthony Melton and three second-rounders.
Marc Stein and Jake Fischer (Twitter links), who first reported that Brooklyn’s return would include Melton’s expiring contract and second-round compensation, suggest the deal is on track to be completed on Sunday, when Melton officially becomes trade-eligible.
Fischer hears that the two teams also discussed Nets forward Cameron Johnson, but he won’t be included in this trade (Twitter link). However, Warriors two-way player Reece Beekman may be added to Golden State’s outgoing package, Fischer notes (via Twitter).
Both Melton and Schröder are on expiring contracts and will hit free agency in 2025. Melton has a cap hit of $12,822,000 this season, while Schröder is earning $13,025,250. The Warriors, who are currently operating just $533K-ish below their hard cap, will move closer to that threshold as they take on an extra $203K in salary in the swap with the Nets.
Melton, 26, signed a one-year deal deal worth the full non-taxpayer mid-level exception with the Warriors over the offseason to try to rebuild his value following an extended absence last season due to a back ailment. Unfortunately, the defensive stalwart suffered a partially torn ACL just six games into his tenure with Golden State, requiring him to undergo season-ending surgery.
Schröder is off to an excellent start to the ’24/25 campaign and is a major reason why the Nets have been surprisingly competitive to this point. In 23 games, all starts (33.6 MPG), he’s averaging 18.4 PPG, 3.0 RPG, 6.6 APG and 1.1 SPG on .452/.387/.889 shooting.
Charania reported earlier this week that the Nets had been discussing trades involving Schröder, Johnson and Dorian Finney-Smith, with the Warriors expressing interest in all three players. Now a deal for Schröder is being finalized.
Multiple reports indicated Brooklyn was hoping to land a first-round pick for Schröder, but that was considered an overly optimistic ask for a role player on an expiring contract. The team will ultimately accept a net gain (pun not intended) of two second-rounders. Moving on from the point guard sooner rather than later will also limit the Nets’ upside on the court, potentially increasing the value of their own 2025 first-round pick.
According to Michael Scotto of HoopsHype (Twitter link), the Nets continue to be active in trade discussions, particularly involving Johnson and Finney-Smith.
While Melton won’t return this season, his contract could come in handy in a subsequent trade for Brooklyn — he’ll become eligible to aggregated again on February 5 as long as the Nets and Warriors complete their deal on or before Monday. The Nets could hang onto him until then, then perhaps waive him after the Feb. 6 deadline if they don’t find a use for his expiring contract on the trade market.
