The Heat and Nets have agreed to a trade that will send wing Haywood Highsmith to Brooklyn along with a 2032 second-round pick in exchange for a protected 2026 second-rounder, reports Shams Charania of ESPN (Twitter links).
The Nets have officially confirmed the deal, announcing that they’ve acquired Miami’s unprotected 2032 second-round selection with Highsmith in exchange for their own top-55 protected 2026 second-rounder.
It’s a financially motivated deal for the Heat, who will move under the luxury tax line as a result of the move. Miami entered the day operating about $1.6MM above the tax threshold with 14 players under contract. Sending Highsmith’s expiring $5.6MM contract to Brooklyn will give the Heat nearly $4MM in breathing room below the tax, with at least one standard roster spot to fill before the season begins.
When I identified Miami earlier this month as a candidate to make a cost-cutting move, I mentioned Highsmith as a potential trade candidate and suggested he should have a little value based on his play as a three-and-D wing last season. The 28-year-old made 74 appearances (42 starts) for the Heat, averaging 6.5 points and 3.4 rebounds in 24.6 minutes per game and posting a .458/.382/.721 shooting line.
However, word broke last Friday that Highsmith had sustained a torn meniscus during an offseason workout and underwent surgery to address the injury. The recovery process is expected to sidelined him for at least eight-to-10 weeks, jeopardizing his availability for the start of the season and reducing his value as a trade chip, which is why the Heat had to give up a second-round pick to move him.
More to come…