Nets waiving trade-deadline acquisition

The Nets aren’t keeping Thaddeus Young after acquiring him from Toronto in the swap that brought Dennis Schroder to Brooklyn. According to HoopsHype’s Michael Scotto, Brooklyn is waiving Young.

By waiving Young, the Nets will clear the roster space necessary to complete the Royce O’Neale trade. In that move, the Nets are bringing in Keita Bates-Diop and Jordan Goodwin, so they would have exceeded the 15-man roster limit by one.

Young is on an expiring $8M contract, meaning if he clears waivers, he’s among appealing veteran options who are eligible to sign with teams over the tax apron since his contract fall short of the mid-level exception. He won’t be eligible to sign with the Raptors.

Young, 35, is averaging 5.0 points, 3.3 rebounds and 2.0 assists this season across 23 games (six starts) with the Raptors. Toronto originally acquired Young in a 2022 deadline deal, later re-signing him. He averaged 5.0 points in two-and-a-half seasons with the Raptors.