Lin has a year left on his contract, and the trade ends his injury-plagued stint in Brooklyn.
Jeremy Lin is on the move again.
The Nets weren't done there, either.
In a separate deal, the Nets traded Coney Island native Whitehead to Denver, in exchange for Faried - who is from Newark - Darrell Arthur, a 2019 first-round pick (protected 1-through-12) and a future second-round pick. According to the report, the Nuggets will waive Whitehead.
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Lin, who broke into the league with the 2010-11 Warriors where Schlenk was in Golden State's front office, suffered a season-ending ruptured patellar tendon in the Nets' opener previous year.
In 67 games last season, Schroder averaged a career-best 19.4 points per game, in addition to 6.2 assists and 3.1 rebounds.
Jeremy Lin played a mere 37 games over two seasons with the Nets and while he was a fantastic teammate, he also helped Kenny Atkinson ease into his first head coaching role in the league.
Arthur, 30, got in just 30 contests in 2017-18, making one start.