Sources: Nets to apply for DPE for Dinwiddie

After season-ending knee surgical procedure for guard Spencer Dinwiddie, the Brooklyn Nets are anticipated to apply for a $5.7 million disabled participant exception to use towards buying one other participant, sources informed ESPN.

Once granted, the $5.7 million exception — 50% of Dinwiddie’s wage — permits the Nets to commerce for, signal or declare on waivers a participant for the remainder of the 2020-2021 season. Brooklyn would have to clear a roster spot to add a participant.

Dinwiddie, a starting-level guard, tore the ACL in his proper knee on December 27.

If the Nets use the total exception, it’s going to elevate the staff’s luxurious tax invoice to $43 million, though they will additional profit from a projected tax credit score based mostly on declining revenues through the pandemic. What would’ve as soon as been a $59 million luxurious tax invoice this season initiatives to $31 million now — minus the potential use of the DPE.

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