Sources: Nets to apply for DPE for Dinwiddie

NBA

After season-ending knee surgery for guard Spencer Dinwiddie, the Brooklyn Nets are expected to apply for a $5.7 million disabled player exception to use toward acquiring another player, sources told ESPN.

Once granted, the $5.7 million exception — 50% of Dinwiddie’s salary — allows the Nets to trade for, sign or claim on waivers a player for the rest of the 2020-2021 season. Brooklyn would have to clear a roster spot to add a player.

Dinwiddie, a starting-level guard, tore the ACL in his right knee on December 27.

If the Nets use the full exception, it’ll elevate the team’s luxury tax bill to $43 million, although they’ll further benefit from a projected tax credit based on declining revenues during the pandemic. What would’ve once been a $59 million luxury tax bill this season projects to $31 million now — minus the potential use of the DPE.

Articles You May Like

Ohtani dazzles in playoff debut, Dodgers win G1
Bruins, Swayman end standoff with $66M deal
UFC 307: Live results and analysis for Pereira vs. Rountree
Did Harmanpreet Kaur Cross The Line Or Umpire Committed Mistake Amid Dead-Ball Controversy. What Does Rules Say
Osaka pulls out of Japan Open with back injury

Leave a Reply

Your email address will not be published. Required fields are marked *