Brooklyn Nets look to strike

Updated: July 2, 2012

As Ken Berger of CBS Sports writes…..The Brooklyn Nets are ready to strike on multiple fronts

Some quick excerpts from his article

“Williams will meet with the Nets and Dallas Mavericks Monday, and D-Will’s resulting decision will be the domino that sends NBA free agency tumbling. The Brooklyn franchise has numerous other balls in the air, none bigger than a possible deal that would bring Johnson and the $90 million left on his contract over the next four years to help christen the Barclays Center next season.

The Nets already have agreed to terms with Gerald Wallace on a four-year, $40 million deal, and have engaged representatives for their own restricted free-agent center, Brook Lopez, in discussions about a long-term deal. League sources believe the Johnson-to-Brooklyn deal has a strong chance of happening in the next 48 hours. If it does, it just goes to show you that you can have any collective bargaining agreement you want — there’s still no substitute for having one of the richest men on the planet own your basketball team.”

He continues ….

“So let’s play this out: The Nets would have Williams, Johnson ($19.75 million), Wallace (about $10 million), Lopez (whose cap hold until he’s either signed, traded or renounced is $7.6 million) and Brooks ($1.16 million) on the books for a total of $55.9 million. Seven spots would count at $473,604 each — the rookie minimum — as cap holds, including a spot for second-round pick Tyshawn Taylor, bringing the total to $59.2 million. The Nets would be over the cap, but nowhere close to the tax apron ($69 million), so they’d have the full mid-level exception of $5 million, the bi-annual exception of $1.96 million and minimum contracts to fill out the roster. They also have two trade exceptions — one for $3 million and another for $1.4 million — to toy with.”


Follow me on Twitter @pingshoops

Leave a Reply