The Nets traded Darrell Arthur to the Phoenix Suns for Jared Dudley and a 2021 second-round pick, according to ESPN's Adrian Wojnarowski.
Dudley, 33, has one year and $9.5 million remaining on his three-year, $30 million deal he signed in 2016. Last season, he averaged just 3.2 points and 2.0 rebounds in 48 games.
The 30-year-old Arthur was involved in last week's trade that sent Jeremy Lin to Denver and Kenneth Faried to Brooklyn. He averaged 2.8 points in 19 games for the Nuggets last season.
The Nets have begun restocking picks after their infamous trade with the Celtics left them decimated. In 2019, they own Denver's first-round pick and second-round picks from Indiana and New York, although they do not own their own second-round pick.
In 2020, they traded their second-round pick to either Philadelphia or Charlotte (depending on previous trades), but they own Portland's second-rounder.
Phoenix's 2021 second-round pick it trades is protected to No. 35.