Finances separate Nets, Pierce in negotiations

Kyle Lowry, Paul Pierce
Paul Pierce (AP)
Kyle Lowry, Paul Pierce
Paul Pierce (AP)

The Brooklyn Nets and Paul Pierce still stand apart financially on a deal that would bring Pierce back to Brooklyn, according to a report from ESPN New York:

The Nets would like to pay Pierce around $6-8 million per season on a short-term contract, sources say.

Pierce, however, as first reported by Sports Illustrated and confirmed by ESPNNewYork.com, would like to be paid around $9-10 million.

Via ESPN New York — Sources: Pierce wants $9-10 million per year

The difference between the two is only a couple million, which could indicate that a deal is close. But those millions add up for the Nets in the luxury tax, and there’s been reports that the team wants to curtail spending after a loss of $144 million on the basketball side of their operations.

Pierce isn’t worth $9-10 million purely for his on-court skills, but he provided a needed stability in last season’s turmoil and performed best during the team’s first-round playoff victory over the Toronto Raptors. He averaged 13.5 points, 4.6 rebounds, and 2.4 assists in 28 minutes per game, moving to power forward midway through the season.