The Lakers will act D’Angelo Russell, Maxwell Lewis and three second-round picks for networks in exchange for Dorian Finney Smith And Shake Miltonaccording to ESPN’s Shams Charania (Twitter link).

Finney-Smith was one of the most sought-after three-and-D players on this year’s market and will add versatility to a team that was looking to improve its defense. He is having one of the best shooting seasons of his career, shooting 45.9% from the floor and 43.5% from three-point range and averaging 10.4 points and 4.6 rebounds per night in 20 games.

The 31-year-old forward is making $14.9 million this season and has a $15.4 million player option for 2025-26, which he may be more likely to exercise if he’s part of a contending team in LA. He could also decline the option to sign a longer-term deal with the Lakers or test the free agent market.

Milton is under contract through 2026-27, but that season only has $2.875 million guaranteed. His salaries of $3 million for next season and $3.3 million for the following year are not fully guaranteed until the summer before each season.

According to ESPN’s Bobby Marks (Twitter link), Russell has an expiring contract worth $18.7 million and an unlikely $700,000 in bonuses that count toward the frontcourt. Lewis is making $1.9 million this year and has $100,000 guaranteed on his $2.2 million salary for 2025-26.

Russell spent time with Brooklyn early in his career and reportedly did not part on good terms when he was traded to Golden State in 2019. While he may be a candidate for an exit, Russell’s salary of over $18 million would ensure that he would not be allowed to join any of the aforementioned teams either tax apron if he forgoes it.

The deal allowed the Lakers to save some money and gain more flexibility in the second frontcourt, adds Marks (Twitter links). They are currently just $30,000 away from the second apron, but that number will rise to about $3.5 million once the deal is completed, and their projected tax bill will decrease by about $11 million. Since they don’t have to add their two outstanding salaries, the Lakers won’t be tied to a hard cap in the second frontcourt either.

The trade will cost the Lakers three of the four second-round picks they had available to trade, but they still have first-rounders from 2029 and 2031 to offer in future deals, as well as first-round pick swaps.

The Nets will continue their rebuilding process after the sendoff Dennis Schröder to Golden State two weeks ago. According to cap expert Yossi Gozlan (Twitter link), they now expect to have $65 million in cap space this summer, giving them more room to pursue high-profile free agents and still have to commit again Cam Thomas. Due to Finney-Smith’s player option, her cap space had previously been projected at around $50 million.

Brooklyn will have 16 second-round picks and 15 first-rounders over the next seven years, Gozlan adds (Twitter link), giving them more draft equity than any other team. By absorbing the additional salary, the Nets are about $677 under the luxury tax this season.

A report from Marc Stein on Saturday evening showed that the Nets and Grizzlies were actively involved in discussions that would send Finney-Smith to Memphis in exchange for a package surrounding the issue John Konchar And Luke Kennard.

The Grizzlies may have been willing to part with a first-round pick for Finney-Smith, but reportedly wanted to heavily protect that pick and demanded second-round compensation in return. Stein states that the Lakers were able to exceed that offer by giving Brooklyn three second-round picks (Twitter link).