Despite having no cap room and quiet expectations, the Brooklyn Nets have made some huge moves this offseason. Cutting through the rumors, here’s a quick rundown of everything they’ve done, as well as the current team salary and roster situation. This will be updated as news breaks, so check back frequently. Info after the jump.
April 26th: The Nets agree to a multi-year contract extension with general manager Billy King, which sets the rest of these wheels in motion.
May 5th: The Nets announce they will not bring back interim head coach P.J. Carlesimo in any capacity. Carlesimo goes on to work as an ESPN analyst.
June 12th: After a five-week search, the Nets officially announce Jason Kidd as their new head coach. Kidd gets a four-year contract (the last a team option) worth $10.5 million, with $7.5 million guaranteed.
June 28th: The Nets officially announce their full coaching staff: Kidd as head coach, Lawrence Frank as top assistant, and Roy Rogers, Eric Hughes, and Doug Overton as assistants.
June 27th: The Nets select Duke C Mason Plumlee with the 22nd overall pick. It ranks a distant second as far as important Nets moves agreed to that day.
June 27th, about 30 minutes later: The Nets and Boston Celtics agree to an eight-player, three-pick blockbuster that brings Kevin Garnett, Paul Pierce, and Jason Terry to Brooklyn for Kris Humphries, Gerald Wallace, MarShon Brooks, Kris Joseph, a signed-and-traded Keith Bogans, and three first-round draft picks. The trade can’t be made official until July 12th. Here’s the breakdown of who goes where.
June 30th, at the stroke of midnight: Nets guard C.J. Watson does not opt in to the second year of his contract, making him an unrestricted free agent. He soon verbally agrees to a two-year deal with the Indiana Pacers.
July 1st: The Nets release their summer league roster. On it from the Nets: Tornike Shengelia, Tyshawn Taylor, Mason Plumlee. Also on it: C.J. Watson’s little brother, Kashif; former Ohio State standout David Lighty, former New Jersey & Brooklyn Nets forward Damion James, current Springfield Armor (Nets D-League Affiliate) forward Carleton Scott.
July 1st: Andray Blatche reportedly agrees to a two-year deal with the Nets for slightly above the veteran’s minimum. The second year of the deal is a player option.
Each player on the roster, including their salary cap hit for the 2013-14 season.
Deron Williams — $18,466,130
Joe Johnson — $21,466,718
Paul Pierce — $15,333,334
Kevin Garnett — $11,532,468
Brook Lopez — $14,693,906
Jason Terry — $5,616,875
Mirza Teletovic — $3,229,050
Reggie Evans — $1,695,635
Andray Blatche — $1,400,000 (estimated)
Mason Plumlee — $1,298,640 (expected)
Tornike Shengelia — $788,872
Tyshawn Taylor — $788,872
Firstly, keep in mind that the above figures are still not “official.” The moves won’t be official until later in July, after the moratorium ends on July 10th and the Nets make the Celtics trade on July 12th.
Once that’s figured out, the Nets still have three roster spots to fill:
- They can use their taxpayer midlevel exception, usable one time per offseason for teams in the luxury tax. The exception allows them to sign a player to a contract up to three years in length for a starting salary of $3.183 million with some small raises. It’s basically a $10 million contract for three years.
- Once (if) they use that exception, they’ll have two roster spots they can fill with veteran’s minimum players.
- The Nets can also look to make more trades. They can make any trade that lowers their salary (except for sign-and-trades), or take up to 125% more salary than they send out, plus $100,000. For example, if they traded Reggie Evans (who’s due to make $1,695,635), they could take back as much as $2,219,543 from another team (Reggie’s salary, times 1.25, plus $100,000).