Per SNY.tv's Ian Begley, Russell is "highly unlikely" to re-sign if Irving comes to Brooklyn.
Russell figures to have plenty of suitors if the Nets don't retain him. Begley cited the Indiana Pacers as being high on the All-Star point guard. Anthony Puccio of NetsDaily.com reported "the Nets remain 'fluid and flexible' and denied that the Nets had communicated with DLo 'in any way' regarding the consequences of an Irving signing."
Brooklyn seems poised for a major offseason overhaul with the potential for two max slots if they let Russell walk in restricted free agency.
If the Nets get Irving, it makes little sense for them to bring back Russell because the two play the same position and need to control the ball. The Nets roster is already overloaded with ball-dominant guards under long-term contracts such as Spencer Dinwiddie and Caris LeVert.
Russell figures to attract a lot of attention from teams in need of a point guard. The 23-year-old was named to his first All-Star team last season and averaged career highs with 21.1 points and 7.0 assists in 81 games to help the Nets reach the playoffs for the first time in three years.