Report: Nets land Milton via sign-and-trade in Bridges deal with Knicks

The Brooklyn Nets are acquiring guard Shake Milton from the New York Knicks via sign-and-trade as part of the Mikal Bridges trade, sources told The Athletic's Shams Charania.

The arrangement will reportedly earn Milton a three-year, partially guaranteed deal with Brooklyn in which he'll earn slightly more than the minimum in Year 1, while Years 2 and 3 are non-guaranteed. Sign-and-trades require the player involved to sign a contract of at least three seasons.

Milton played in just six contests for the Knicks last season after agreeing to a buyout with the Detroit Pistons. He started the year in Minnesota after signing with the Timberwolves as a free agent before the team flipped him in February as part of a package for guard Monte Morris. He broke out prior as a bench scorer with the Philadelphia 76ers, where he averaged 9.3 points over five seasons.

In return, the Knicks will add veteran forward Keita Bates-Diop. The 28-year-old played 53 games combined between the Phoenix Suns and Nets last season. However, only 14 of those came with Brooklyn before a tibia stress fracture ended his season three weeks early.

In order to stay underneath the CBA's first tax apron, New York is sending Mamadi Diakite to the Nets, sources told Fred Katz of The Athletic. Diakite played just eight minutes total with the Knicks last season over three appearances.

Both franchises reportedly agreed in late June on the overall framework of a trade that would reunite Bridges with several of his former Villanova teammates with the Knicks in exchange for significant draft compensation to the Nets. Once finalized, it will be the first completed trade between the two teams since 1983.