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The Nets officially announced a trade with the Nuggets, sending Cameron Johnson to Denver in exchange for Michael Porter Jr. and an unprotected 2032 first-round pick, per ESPN’s Shams Charania.

This deal gives Denver significant cap relief, reducing their team salary by over $13 million below the luxury tax apron and potentially unlocking the non-taxpayer mid-level exception for free agency.

Porter is owed more than $79 million over two seasons, while Johnson’s contract is valued at $44 million plus incentives. On the court, the trade could benefit Denver.

Porter is a skilled scorer who averaged 18.2 points per game last season, but Johnson offers strong defense and efficiency, posting career-high averages of 18.8 points and 3.4 assists.

For Brooklyn, the key asset is the unprotected 2032 first-round pick, which has high potential given Nikola Jokic’s uncertain long-term future.

The Nets will also absorb Porter’s salary, reducing their cap space to about $17 million, depending on other roster moves.

Brooklyn views Porter as more than a salary dump – they’re excited to keep the 27-year-old former lottery pick as part of their team moving forward.