The Brooklyn Nets have finalized a contract buyout with center Dwight Howard, clearing the way for him to sign a two-year, $11 million free-agent deal with the Washington Wizards, league sources told ESPN.
The deal with the Wizards will include a player option, sources said.
The Nets and Howard weren’t allowed to finalize a buyout until the end of the NBA’s signing moratorium Friday. Howard’s $23.8 million salary will need to go unclaimed through waivers before he can sign with the Wizards.
The Nets will save nearly $17 million on the trade in the 2019-20 season, allowing them to create two max-salary slots for free agency next summer.