The Nets have finalized a contract extension for general manager Sean Marks, multiple sources tell Brian Lewis of The New York Post. The news comes on the heels of a report indicating that Brooklyn is also on the verge of extensions with head coach Kenny Atkinson and his staff.
Marks, who took over as Brooklyn’s general manager in February of 2016, still hasn’t had the Nets’ own first-round pick available in a draft due to the infamous Paul Pierce/Kevin Garnett trade with Boston. However, he has managed to rebuild the club into an up-and-coming potential playoff team, trading for Most Improved Player candidate D’Angelo Russell and finding value late in the first round with picks like Caris LeVert and Jarrett Allen.
Marks has also cleared the team’s salary cap going forward. Heading into the 2019 offseason, the Nets only have about $51MM in guaranteed money on their books for next season, including Allen Crabbe‘s $18.5MM player option. That will give Marks and the front office plenty of flexibility to lock up RFA-to-be Russell and potentially pursue a top free agent or two.
Terms of Marks’ new extension aren’t known, but his previous contract had been set to expire in 2020. His new deal will presumably tack on at least one or two new years, if not more.
I’d expect official confirmation from the Nets on Marks’ deal once Atkinson’s extension is done as well, so the team can announce them both at once.
He has fully earned every dollar he gets
I’d make him one of the highest paid GMs. To simultaneously add young talent, clear cap space and undo what Billy King left the team with (a bare cupboard) in less than 3 seasons is ninja type s. Man and he almost had Jaymichal Green and Garrett Temple fof Crabbe and the DEN 1st. They would’ve had like $32MM on the books next year! Ah well there are much worse guys making $18MM next year, at least Crabbe can give them 10-12ppg and shoot around 40% from 3. That one move acquiring Crabbe for Andrew Nicohlson was decent but not at all a home run. I know Nicohlson is such trash he had to be waived and stretched immediately by Portland. But we saved them like tens of millions of dollars helping them get under the tax line. Needed at least a 2nd or two if not a protected 1st for that. Still, he’s done great things and I hope he keeps it going.
Marks undid stink left by Billy King quicker than expected
“Marks, who took over as Brooklyn’s general manager in February of 2016, still hasn’t had the Nets’ own first-round pick available in a draft due to the infamous Paul Pierce/Kevin Garnett with Boston.
“Marks, who took over as Brooklyn’s general manager in February of 2016, still hasn’t had the Nets’ own first-round pick available in a draft due to the infamous Paul Pierce/Kevin Garnett TRADE with Boston.”
You’re missing “trade” in the sentence.
He’s been crazy good and patient fixing this mess. Well deserved extension. Nets have been a super fun team to watch this year.
Thanks to Luke for using the word “including” properly. (para.3) But I still had to look up the $51MM figure, because some writers seem to think “including” means >plusadditionally<… the opposite of what it means!
In this case the option cost is already included in the $51MM figure mentioned. As it should be.
Which makes the Nets a good team to sign up with!
?? I typed that run-on as:
…>plusadditionally<…
The "” got lost. I think it is also a mathematical expression, so maybe the editing machine saw it and ate it up!
Ha. Try it as:
“plus” or “additionally”
I think they have less than a max slot though, after the two cap holds for their restricted free agents. I may be wrong though.
Making the playoffs is gravy. Huge jump this year either way and they have two first round picks to burn. Everyone speculates on who they’ll sign and who they’ll draft but nobody knows nothing, the way no one knew Musa or Rodi. Sean and Kenny are not only basketball guys, they’re smart, worldly people. They have this thing cooking, and a few years ago it was the worst situation in the league, bar none. An extension? Yes, I think so.