The Washington Wizards and Brooklyn Nets agreed to terms on a sign-and-trade deal that will send Spencer Dinwiddie to Washington Wednesday evening, league sources told ESPN’s Adrian Wojnarowski.
The deal, which will see Dinwiddie receive a three-year contract worth close to $60 million from the Wizards, will send two second round picks — the more favorable of the Memphis Grizzlies’ and Washington’s second-round picks in 2024, and of the Golden State Warriors’ and Wizards’ in 2025, to the Nets, who will also receive an $11.5 million trade exception as part of the deal.
Washington will also send forward Chandler Hutchison to the San Antonio Spurs, along with a 2022 second-round pick, sources told Wojnarowski, allowing the Wizards to remain out of the luxury tax for next season.
Free agent guard Spencer Dinwiddie is nearing a deal with the Washington Wizards, sources tell ESPN.
— Adrian Wojnarowski (@wojespn) August 3, 2021
Free agent Spencer Dinwiddie is headed to the Washington Wizards on a three-year, $62 million contract via sign-and-trade, sources tell @TheAthletic @Stadium.
— Shams Charania (@ShamsCharania) August 4, 2021