2023 second round draft pick from Indiana
Indiana's 2023 2nd round pick to San Antonio protected for selections 31-55 (if this pick falls within its protected range and is therefore not conveyed, then Indiana's obligation to San Antonio will be extinguished) [Indiana-San Antonio, 8/7/2021]
2026 second round draft pick from Indiana or Miami (swap, San Antonio outgoing to Indiana)
Memphis will receive the more favorable of Indiana's 2026 2nd round pick and Miami's 2026 2nd round pick; San Antonio will receive the more favorable of (i) its 2026 2nd round pick and (ii) the less favorable of the Indiana pick and the Miami pick and Indiana will receive the least favorable of the three (via Miami to Indiana; via Milwaukee to Memphis; via San Antonio's right to swap for Indiana or Miami) [Indiana-Miami-Phoenix, 7/6/2019; Indiana-Milwaukee, 7/30/2021; Memphis-Milwaukee, 8/7/2021; Indiana-San Antonio, 8/7/2021]https://basketball.realgm.com/nba/dr...rafts/detailed2023 second round draft pick to Indiana
San Antonio's 2023 2nd round pick to Indiana protected for selections 31-55 (if this pick falls within its protected range and is therefore not conveyed, then San Antonio's obligation to Indiana will be extinguished) [Indiana-San Antonio, 8/7/2021]
So if these are the protections on the pick, then the deal was bad. Basically looks like SA tried to do it for free (asset-wise at least; I wouldn't be surprised if the Holts got some cash for it) by exchanging heavily protected second-rounders, but the league nixed that and demanded the swap instead to fulfill the requirements. The Spurs not only get a poor swap (they have to do better than both Indy and Miami in 2026 to improve their second), they will likely not get that 2023 second at all from Indy. It's even possible for SA to give up their 2023, Indy to keep their 2023 and for the Spurs to not get the swap, meaning the Spurs might actually end up trading a second-rounder in order to do the Pacers the favor of giving them a TE. This is bad. I am okay with the team basically getting nothing considering they were doing a tiny favor, and I know the worst-case scenario is unlikely to happen. But the Spurs could've just sent a bit of cash back to make this trade happen. But they prioritized keeping that and risking losing a pick.
I'm still hoping that will end up being updated to reflect a better level of protections. From what I see now, it would've been better to not have done this trade at all if Indy wasn't willing to offer anything from it.