12:08pm: The Rockets remain optimistic that they’ll be able to work something out with Nene, tweets Spears. Houston could increase its offer to Nene by using part of the mid-level exception rather than his Non-Bird rights.
11:38am: Upset at the prospect of losing one year – and approximately $4MM – from his initially-reported agreement with the Rockets, Nene is “back at square one” in free agency, reports Marc J. Spears of The Undefeated (Twitter links). According to Spears, the market for the veteran center is back open.
JULY 1, 9:36am: The Rockets’ deal with Nene will actually only be for three years, since the team can’t sign him to a four-year deal with his Non-Bird rights due to the over-38 rule, says Bobby Marks of ESPN.com. Nene’s three-year contract figures to be worth $10,954,440, which is the maximum allowable using his Non-Bird rights.
Albert Nahmad (Twitter link) was among the cap experts to point out late last night that Nene’s reported agreement appeared to be in conflict with the over-38 rule.
JUNE 30, 10:16pm: The Rockets have agreed to a four-year deal with Nene, Jonathan Feigen of the Houston Chronicle writes. The deal is said to be worth $15MM, Feigen notes.
Despite rupturing his groin in the postseason, the 34-year-old veteran fully expected to return to the Rockets. Now with Chris Paul on board and speculation that there could be further deals in the works, the franchise will presumably delight in the opportunity to add a cheap option that’s already familiar with the organization.
Adding context to the deal is Zach Lowe of ESPN who tweets that it looks as though the Rockets used Nene’s Non-Bird rights. That means the franchise will retain its mid-level and biannual exceptions for further moves.
In 67 games for Houston last season, the greybeard posted 9.1 points and 4.2 rebounds per game.
I like Nene so I’m glad they signed him
p.s I’m a Rockets fan
4 years? He’ll be 50 by then!
Ya 34 plus 4 is 50
His hair is at least 50!
sarcasm, learn it, understand it, identify it
Ha! Told you, sob
They missed his scoring inside against SA, solid signing.
I’m happy they kept him. A lot of people said there was a chance Rockets wouldn’t be able to afford keeping him with the way he played for them
Solid but I don’t know if he’ll make it all four years with Houston.
This must be a joke. FOUR YEARS? The man is 34, what a horrible signing
Low overall value, so it’ll be on the books for a while, but it won’t have much salary cap effect. It’s less than 4mil per year. He’ll definitely be a buyout candidate later
It’s fine they can just stretch him after the 2nd or 3rd year and have almost no cap hit.
Term is a bit questionable, but the price helps make up for some of it.
As much as Jeff Green makes in one year! Literally, his one year $15 million contract just expired. So my question to you is… would you rather one year of Jeff Green at $15M or four years Nene at the same price. (Assuming all four years guaranteed)
Depends on the roster tbh. But in most scenarios I’d probably lean towards Nene. Can play the PF and C positions (with some obvious deficiencies at both) but the low cap hit would allow teams to add another couple of pieces in addition to him.
NoNo
Dude should take the 3 years and run!
is 10 MIL the Max they can offer? I think he can get that for 2 years
That’s the max that the Rockets can offer him without using an exception. Using only his non-Bird rights limits them to $10m over 3 years.
Nene is too old and his wheels are bad!