For Nets: love the trade. They're eating Mozgov's salary, but that doesn't really matter for them since they won't be free agent targets anytime soon. Russell still has a ton of potential. Great get for them for what amounts to be a late first and a guy they weren't going to resign anyways.
For Nets pick for us: LOVE IT! They should clearly be the favorites for worst in the league next year once again, and this Russell for Lopez trade just makes that even more likely.
For LA and our LA pick: depends. Ultimately, it'll really depend upon A) if they trade for George now and B) if they keep Lopez.
From how I'm reading it, it sounds like LA might just make the room for both Paul and Lebron to sign next summer rather than paying the assets right now to trade for George. That way they can keep both Randle and Clarkson. That would be best case scenario for us, because not only would we likely keep that Lakers top-5 pick, but the East would be WIDE OPEN for us.
I fully expect Danny to be making a win now move. The writing looks to be on the wall at this point with George and LA and Lebron leaving to either the Lakers or Clippers.