Lin played just one game for the Nets in 2017-18 before rupturing the patella tendon in his right knee and missing the rest of the season.
Jeremy Lin's injury-plagued stint in Brooklyn is over.
The move helps clear up the Nets' logjam at point guard and sends Lin to another team that is also pretty crowded at the position.
The Nets and Atlanta will exchange future second-round picks, according to ESPN.
The Jeremy Lin era has ended in Brooklyn, and the Nets acquired a protected 2019 first-round pick from Denver on a blockbuster night. The Hawks now add Lin, who has one year remaining on his contract, to that guard mix. Brooklyn also has D'Angelo Russell, the No. 2 pick in the 2015 draft, at the point after acquiring him from the Lakers.
Lin, headed to his seventh National Basketball Association team as he prepares to enter his ninth season, now joins a roster that includes two notable point guards, No. 5 overall pick Trae Young and veteran Dennis Schroder. Denver also got rid of $21 million in salary with the deal, with the bulk of that coming from the $13.8 million Faried is owed next season. 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.