Lakers Acquire Dorian Finney-Smith In Four-Player Deal

3:33pm: The trade is official, according to press releases from both clubs.


11:20am: The Lakers will trade D’Angelo Russell, Maxwell Lewis and three second-round picks to the Nets in exchange for Dorian Finney-Smith and Shake Milton, according to Shams Charania of ESPN.

The second-rounders heading to Brooklyn will be Los Angeles’ own selections in 2027, 2030 and 2031, sources tell Charania. The ’27 pick being conveyed to Brooklyn is contingent on the ’27 first-round pick (top-four protected) L.A. owes Utah, notes Bobby Marks of ESPN (Twitter link), as the Lakers will send the Jazz their ’27 second-round pick if the ’27 first-rounder lands in the top four.

Finney-Smith had been one of the most sought-after three-and-D players on this year’s market and will bring versatility to a team that has been looking to improve its defense. He’s having one of the best shooting seasons of his career, connecting at 45.9% from the floor and 43.5% from three-point range while averaging 10.4 points and 4.6 rebounds per night through 20 games.

The 31-year-old forward is earning $14.9MM this season and has a $15.4MM player option for 2025/26 that he may be more likely to exercise if he’s part of a contending team in L.A. He could also decline the option in order to sign a longer-term deal with the Lakers or to test the free agent market.

Milton is signed through 2026/27, but only this season is guaranteed at $2.875MM. His salaries of $3MM for next season and $3.3MM for the following year won’t become fully guaranteed until the summer before each season.

Russell has an $18.7MM expiring contract, along with $700K in unlikely bonuses that will count toward the apron, according to Bobby Marks of ESPN (Twitter link). Lewis is making $1.9MM this year and has a $100K guarantee on his $2.2MM salary for 2025/26.

Russell spent time with Brooklyn early in his career and reportedly didn’t part on great terms when he was traded to Golden State in 2019. While he may be a buyout candidate, Russell’s $18MM+ salary would make him ineligible to join any team operating above either tax apron if he’s waived.

The Lakers were able to save some money in the deal and give themselves more flexibility under the second apron, Marks adds (Twitter links). They are currently within $30K of the second apron, but that number will rise to about $3.5MM once the deal is finalized and their projected tax bill will drop by about $11MM. Because they won’t have to aggregate their two outgoing salaries, the Lakers also still won’t be hard-capped at the second apron.

The trade will cost the Lakers three of the five second-round picks they had available to move, but they still have a pair of 2025 second-rounders, first-rounders in 2029 and 2031, and first-round pick swaps in 2026, 2028, and 2030 to offer in any future deals.

The Nets will continue their rebuilding process after sending Dennis Schröder to Golden State two weeks ago. They now project to have $65MM in cap space this summer, according to cap expert Yossi Gozlan (Twitter link), which gives them more ammunition to pursue high-level free agents and still re-sign Cam Thomas. Their cap room had previously been projected at around $50MM due to Finney-Smith’s player option.

Brooklyn will have 16 second-round picks and 15 first-rounders over the next seven years, Gozlan adds (Twitter link), giving them more draft equity than any other team. Taking on the extra salary leaves the Nets about $677K below the luxury tax for this season.

A report on Saturday night from Marc Stein indicated that the Nets and Grizzlies were actively involved in discussions that would send Finney-Smith to Memphis in exchange for a package centered around John Konchar and Luke Kennard.

The Grizzlies may have been willing to part with a first-round pick for Finney-Smith, but reportedly wanted to heavily protect that selection and sought second-round compensation in return. Stein states that the Lakers were able to top that offer by giving Brooklyn three second-round picks (Twitter link).

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