The Nets made the move early Friday morning to ease their logjam at point guard.
The Brooklyn Nets have traded Jeremy Lin to the Atlanta Hawks.
Lin missed essentially all of last season for Brooklyn after tearing his ACL in the season-opener against the Pacers.
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Whitehead also saw little action throughout the 2017-18 season as he only played 11.3 minutes per game in 16 outings with the Nets. Brooklyn is clearing the remaining one year and $12.5 million on Lin's contract in order to make enough room to take on Kenneth Faried, Darrell Arthur and a pair of draft picks from Denver. According to Wojnarowski, however, league sources said they expect the Hawks to now trade Schroder this offseason. In 2016-17, he averaged 14.5 points and 5.1 assists per game.
Lin will be entering his ninth season in the National Basketball Association next fall, and the Hawks mark the 6-foot-3 point guard's sixth team.
The trade with the Nuggets was a salary dump for Denver. Arthur, 30, averaged 2.8 points and 0.8 rebounds in 19 contests.