Russell will get a reported four-year, $117-million max contract. The Warriors will also acquire Treveon Graham and Shabazz Napier as part of the sign-and-trade and will move the two guards and cash to the Minnesota Timberwolves, sources told Wojnarowski.
Golden State will send a future protected first-round pick to Brooklyn.
The sign-and-trade circumstance evolved after former Warrior Kevin Durant committed Sunday to the Nets. Brooklyn could have also renounced its rights on Russell to make him an unrestricted free agent.