Free agent center Nic Claxton intends to sign a four-year, $100MM contract to remain with the Nets, sources tell Adrian Wojnarowski of ESPN (Twitter link). According to Shams Charania of The Athletic (Twitter link), the deal will include $96MM in guaranteed money. The signing can be made official after the moratorium period ends on July 6.
Claxton, the 31st overall pick in the 2019 draft, spent his first three seasons in Brooklyn in a modest reserve role before signing a two-year contract worth $17.25MM (plus incentives) in 2022. He has since been the Nets’ full-time starting center, averaging 12.3 points, 9.6 rebounds, 2.3 blocks, and 2.0 assists per game with a .667 FG% in 147 games over the past two seasons (29.8 MPG), earning himself a significantly larger payday.
While a $25MM annual salary for Claxton may raise eyebrows, the 25-year-old has established himself as a real defensive asset — he earned Defensive Player of the Year votes in 2023 and was referred to as a future Defensive Player of the Year by his new head coach, Jordi Fernandez. He’s also arguably the top free agent center on the market this summer, ahead of bigs like Isaiah Hartenstein and Jonas Valanciunas.
Jarrett Allen, who signed a five-year, $100MM deal with the Cavaliers in 2021, was presumably a point of reference for Claxton. At the time Allen received that contract, his NBA résumé was similar to Claxton’s and his $20MM annual average salary represented just under 18% of the 2021/22 cap. A $25MM annual salary for Claxton will come in at nearly the exact same percentage of the ’24/25 cap.
The Pelicans and other teams around the NBA were said to have interest in Claxton as a potential sign-and-trade target or cap-room signing, but a return to Brooklyn has always been the most likely outcome, even after the team seemingly pivoted to a rebuild by agreeing to trade Mikal Bridges. A report earlier today indicated that the Nets were still focused on retaining their starting center.
Claxton had been the No. 8 player on our list of 2024’s top 50 free agents. He’s the fourth player in the top 10 of that list to reach a contract agreement during the new exclusive negotiating window allowing teams to talk to their own free agents between the end of the NBA Finals and June 30.
Why? For the asset? They’re tanking…
Claxton is pretty valuable around the league. They could easily get multiple FRPs and now with him under contract for 4 years they may be able to get closer to 3-4 FRPs and maybe a swap plus salary match
OKC needed him more than IHART.
Some key names coming off the board for free agency. This one doesn’t help the Knicks with IH.
It looks like they’re not completely giving up though it looks like they’ll probably be a lottery team for the next season or two unless Ben really surprises people and returns as the player originally expected when he played for the Sixers.
Don’t count on it. Ben Simmons is finished.
You get 100M, you get 100M, you get 100M ….. everybody gets 100M.
Get yours. He deserves it all. Has become a great team player. Always most happy for guys who get better and better …. Congrats
Some dudes love to put up empty stats on suck teams…