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4d ago

Hawks Trade 2023 First-Rounder Kobe Bufkin to Nets for Cash

Brooklyn must decide by Oct. 31 on a $6.9 million team option after absorbing his $4.5 million salary.

Kobe Bufkin #4 and Trae Young #11 of the Atlanta Hawks wait for play against the Cleveland Cavaliers during the second quarter at State Farm Arena on October 10, 2023 in Atlanta, Georgia. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.
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ATLANTA, GEORGIA - SEPTEMBER 30: Kobe Bufkin #4 of the Atlanta Hawks poses for portraits during media day at PC&E Atlanta on September 30, 2024 in Atlanta, Georgia. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Kevin C. Cox/Getty Images)

Overview

  • Atlanta receives $110,000 in cash considerations, moving the 15th pick of the 2023 draft to Brooklyn, per multiple reports.
  • Bufkin’s rookie-scale deal pays about $4.5 million for 2025-26 with a $6.9 million team option for 2026-27 that requires a decision by Oct. 31.
  • The Nets take a low-cost flyer on a 21-year-old guard limited to 27 NBA games by injuries, including season-ending shoulder surgery in December 2024.
  • Brooklyn’s roster tightens to 15 guaranteed contracts plus several partial or non-guaranteed deals, with the team now above the salary-floor threshold and roughly $11.6 million in remaining cap space.
  • The Hawks generate an approximately $4.5 million trade exception, open a roster spot, and gain flexibility below the luxury-tax line and first apron.