The warrior are currently entering into an agreement with the networks to acquire an experienced point guard Dennis Schröderreports ESPN’s Shams Charania.

Sources tell Charania that Brooklyn will send Schröder and a second-round pick to Golden State in exchange for an 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, believe the deal is on track to be completed on Sunday, when Melton officially becomes eligible to trade.

Fischer learns that the two teams also discussed Nets forwards Cameron Johnsonbut he is not included in this trade (Twitter link). However, the Warriors are a two-way player Reece Beekman could be added to Golden State’s outgoing package, Fischer notes (via Twitter).

Both Melton and Schröder have expiring contracts and will enter free agency in 2025. Melton has a cap hit of $12,822,000 this season while Schröder is making $13,025,250. The Warriors, who are currently just under $533,000 under their hard cap, will get closer to that threshold as they will receive an additional $203,000 in salary from the trade with the Nets.

Melton, 26, signed a one-year deal with the Warriors in the offseason worth the full mid-level tax-free exception to try to rebuild his value after an extended absence last season due to a back issue. Unfortunately, the defensive star 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 season and is one of the main reasons the Nets have been surprisingly competitive so far. In 23 games, all starts (33.6 MPG), he averaged 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 discussed deals with Schröder, Johnson and Dorian Finney Smithwith the Warriors expressing interest in all three players. Now a deal for Schröder is being finalized.

Multiple reports suggested that Brooklyn hoped to take Schröder in the first round, but that was considered overly optimistic for a role player with an expiring contract. The team will ultimately accept a net gain (pun not intended) from two second-rounders. Moving away from point guard sooner rather than later will also limit the Nets’ upside on the court and potentially increase the value of their own 2025 first-round pick.

According to Michael Scotto of HoopsHype (Twitter link), the Nets remain active in trade discussions, particularly involving Johnson and Finney-Smith.

Although Melton won’t return this season, his contract could come in handy if he eventually joins Brooklyn – he’ll be eligible to play again on February 5 as long as the Nets and Warriors finalize their contract by Monday at the latest. The Nets could hang on to him until then and then perhaps waive him after the Feb. 6 deadline if they can’t find a use for his expiring contract on the trade market.