Brooklyn Nets Rumors | Hoops Rumors

Contract Details: Monk, Bucks, Edwards, Dort, Jones

July 6th, 2022 at 9:37pm CST by Luke Adams

Malik Monk‘s two-year deal with the Kings is worth approximately $19.42MM in total, with a first-year salary of $9.47MM, Hoops Rumors has learned. While Sacramento used most of the mid-level exception to bring Monk aboard, the team still has $1,017,781 left on the MLE, which is the exact value of the rookie minimum salary.

The Kings didn’t have a second-round pick in this year’s draft, so that leftover mid-level money won’t go to a 2022 draftee. But the club may have it earmarked for a player like Sasha Vezenkov, a 2017 second-rounder whose draft rights were acquired from Cleveland last month. Using that leftover mid-level money, Sacramento could offer Vezenkov – or another player – a minimum-salary deal that exceeds two years.

Here are a few more details on recently-signed contracts from around the NBA:

As expected, Joe Ingles got the full taxpayer mid-level exception ($6.48MM) from the Bucks, while Bobby Portis‘s four-year deal is worth the most he could receive using his Early Bird rights ($48.58MM), Hoops Rumors has learned. Portis’ contract includes a 15% trade kicker and a fourth-year player option.
Wesley Matthews‘ new deal with the Bucks is a one-year, minimum-salary contract, while the team used Jevon Carter‘s Non-Bird rights to give him a first-year salary ($2.1MM) worth a little more than his minimum ($1.97MM). Carter’s second-year player option is for the veteran’s minimum.
Kessler Edwards‘ two-year deal with the Nets, which features a second-year team option, is – as expected – worth the minimum.
Luguentz Dort‘s five-year contract with the Thunder includes a team option in year five and has a total base value of $82.5MM. It can be worth up to $87.5MM if Dort earns $5MM in total unlikely bonuses ($1MM annually), tweets ESPN’s Bobby Marks.
Tyus Jones‘ two-year deal with the Grizzlies begins at $15MM and declines to $14MM in 2023/24, per Marks (Twitter link). The deal includes an additional $1MM in unlikely incentives related to the team’s performance, Marks adds.

New York Notes: Nets Assistants, Grimes, Hartenstein, Brunson

July 6th, 2022 at 3:27pm CST by Rory Maher

The Nets have added Igor Kokoškov, Adam Caporn and Trevor Hendry as assistant coaches on Steve Nash‘s staff, per a team press release.

Kokoškov has extensive NBA experience, having served as an assistant coach for 20 years with the Clippers, Pistons, Suns, Cavs, Magic, Jazz, Kings, and most recently with the Mavericks last season. He was the head coach of the Suns for one season, in 2018/19.

In addition to his NBA coaching jobs, Kokoškov has also led the Georgian, Slovenian and Serbian national teams. He was the head coach of Turkish club Fenerbahçe in ’20/21. Marc Stein reported last month that Kokoškov was expected to join Brooklyn.

Caporn was the head coach of Brooklyn’s G League affiliate, the Long Island Nets, last season. A native of Australia, Caporn played college ball at Saint Mary’s before joining the NBL for six seasons as a pro. He has extensive experience in player development and is currently an assistant with the Australian national team, helping the Boomers win a bronze medal at the Tokyo Olympics last summer.

Hendry has been the Nets’ head video coordinator for the past four seasons. He’s been with the organization since 2014, serving in a variety of roles in the basketball operations department prior to becoming video coordinator.

Here’s more from New York:

Knicks guard Quentin Grimes has a simple goal for Las Vegas Summer League, writes Zach Braziller of The New York Post. “Really come out here and dominate,” Grimes said after the team’s first practice at Cox Pavillion. “I feel like I played well last year. Just coming in this year being a second-year guy, I know what to expect, I know how the games are. Just go out there and try to dominate every time offensively and defensively.” The 25th pick of the 2021 draft, Grimes averaged 6 PPG and 2 RPG while shooting 38.1% from three-point range and playing solid defense in 46 games (17.1 MPG) as a rookie last season. Grimes dealt with a dislocated knee cap towards the end of last season, but he says he’s fully healthy now, per Braziller.
Fred Katz and Law Murray of The Athletic take a look at what the Knicks can expect from center Isaiah Hartenstein, who agreed to a two-year, $16.7MM deal with New York in free agency. A strong passer and play-maker, Hartenstein could unlock easy baskets for players like Grimes, Immanuel Quickley, Evan Fournier and RJ Barrett, according to Murray, who says Hartenstein was underutilized offensively by the Clippers last season. Although he isn’t the most athletic player, Murray notes that Hartenstein rotates well on defense and uses his length to effectively defend the paint. Hartenstein posted impressive per-36 averages of 1.5 steals and 2.3 blocks per game last season.
Signing Jalen Brunson is a make-or-break move for Leon Rose‘s tenure as president of basketball operations, argues Ian Begley of SNY.tv. Begley details Rose’s 2021 offseason moves, which were considered low-risk at the time, yet the Knicks were forced to package various draft assets to move off the salaries of Kemba Walker, Nerlens Noel and Alec Burks in order to create cap space to sign Brunson. Sources tell Begley that one rival team was willing to trade a second-rounder to acquire Burks, but the Knicks ended up giving away two second-round picks and $6MM to Detroit to move Burks and Noel. Rose’s CAA connections haven’t led to sustained success to this point, per Begley, and signing Brunson needs to work out considering all the assets the Knicks gave up.
Part of the reason Brunson decided to sign with the Knicks is because he thought he’d have a better chance at becoming an All-Star in the East than the West, Marc Stein writes in his latest article for Substack. As Stein relays, Brunson is the first player in league history to receive a nine-figure contract from a new club without making an All-Star team, per ESPN Stats & Info (Twitter link).

Nets Re-Sign Kessler Edwards

July 6th, 2022 at 11:37am CST by Luke Adams

The Nets have officially signed free agent wing Kessler Edwards to a new multiyear contract, the team announced today in a press release. Exact terms of the deal aren’t yet known, but Michael Scotto of HoopsHype (Twitter link) reports that it’s a two-year agreement with a second-year team option.

The 44th overall pick in the 2021 draft, Edwards spent most of his rookie year on a two-way contract, then was signed to a standard deal right before the end of the regular season in order to make him playoff-eligible.

Edwards showed promise in his first NBA season, averaging 5.9 points and 3.6 rebounds per game in 48 appearances (20.6 MPG). The former Pepperdine standout posted a .412/.353/.842 shooting line and even made 23 starts when the team’s depth was impacted by injuries and COVID-19.

The Nets declined Edwards’ minimum-salary player option last week in order to give him a qualifying offer and make him a restricted free agent. That QO was later rescinded, making him unrestricted, but it appears Brooklyn’s interest in bringing back the former second-round pick never wavered.

The Nets have now signed or agreed to terms with three free agents in the last two days, having also struck deals on Tuesday with forward T.J. Warren and guard Edmond Sumner. The club now projects to have 13 of its 15 standard roster spots filled, though obviously trades involving Kevin Durant and/or Kyrie Irving could change that.

Fischer’s Latest: Ayton, Durant, S. Barnes, Kyrie

July 6th, 2022 at 10:16am CST by Luke Adams

Deandre Ayton appears to have been the free agent most directly affected by the ongoing Kevin Durant sweepstakes, writes Jake Fischer of Bleacher Report.

As Fischer outlines, Ayton’s restricted free agency has been stalled in part because he could theoretically be an outgoing piece in a Suns deal for Durant and also because teams with interest in both players – including Toronto – won’t want to give up assets in a sign-and-trade for Ayton before seeing what happens with Durant.

According to Fischer, the Pacers and Raptors have been the teams most frequently linked to Ayton, with the Jazz described as a less likely destination for the young center. The Pacers and Spurs are the only teams that have the cap flexibility necessary to realistically extend an offer sheet to Ayton. It’s unclear whether he’d rather try to pursue a deal with one of them or wait for a possible sign-and-trade opportunity to a team closer to contention, Fischer says.

One hypothetical scenario is a multi-team trade that sends Durant to Phoenix; Ayton to Indiana in a sign-and-trade; and Myles Turner, multiple Suns wings, and draft capital to Brooklyn. However, Fischer hears from sources that such a package is unlikely to meet the Nets’ high asking price for Durant.

Here’s more from Fischer:

League personnel have begun to discuss the possibility of the Nets simply hanging onto Durant and Kyrie Irving into the regular season, according to Fischer. “Rudy Gobert getting traded for an arm, a leg and two mountains is helping their cause. There’s no way the Nets will ever trade Kevin Durant for anything less than what Rudy Gobert got Utah,” a Western Conference executive told Fischer. “If nothing comes, I can see them saying (to the players), ‘We just all have to come back.’ If I’m them, I just try to string this out as long as possible.”
As has been previously reported, there’s skepticism that the Suns will be able to build a package that appeals to the Nets without getting at least one more team involved. “Deandre Ayton, Mikal Bridges, Cam Johnson and five picks still isn’t enough to me for KD,” one GM said to Bleacher Report.
Multiple sources with knowledge of the situation tell Fischer that the Raptors remain unwilling to part with Rookie of the Year Scottie Barnes.
Fischer’s league sources “strongly discounted” the idea that either the Mavericks or Sixers is a serious suitor for Irving. The Lakers remain Brooklyn’s most obvious trade partner for Kyrie, but there’s a sense that they may need to involve a third team to meet the Nets‘ asking price — a package of Russell Westbrook and draft assets wouldn’t maximize Brooklyn’s chances of contending in the short term, Fischer explains.

Latest On Kevin Durant, Kyrie Irving

July 6th, 2022 at 9:30am CST by Luke Adams

Both Adrian Wojnarowski of ESPN (appearing on NBA Today) and Shams Charania of The Athletic (appearing on The Pat McAfee Show) stressed on Tuesday that the Nets‘ trade of Kevin Durant could take some time, with the team in no rush to make a deal.

While Wojnarowski observed that being able to have face-to-face conversations with other teams at the Las Vegas Summer League starting this week could help the Nets gather some momentum toward an agreement, he and Charania both noted that many past superstar trades – such as James Harden to Brooklyn or Anthony Davis to Los Angeles – have taken several months to come together.

There has been no indication that Durant will rescind his trade request and happily report to Brooklyn in the fall if the Nets have trouble finding a deal they like, says Charania. However, the Nets have been telling teams that until their asking price (All-Star caliber players and a “boatload” of draft picks) is met, they won’t move the former MVP, according to Charania.

Here’s more on Durant and his teammate and fellow trade candidate Kyrie Irving:

Wojnarowski said on NBA Today that he views the Raptors as the most “seamless” one-on-one trade partner for the Nets with Durant, since other suitors like the Suns and Heat would probably require a third team to get anything done. Wojnarowski said that “people should be watching” the Raptors, while ESPN’s Bobby Marks said during an NBA Today appearance of his own (video link) that he considers Toronto the “leader in the clubhouse.”
Appearing on Sportsnet The Fan’s Morning Show in Toronto (audio link), ESPN’s Brian Windhorst expressed some skepticism that the Raptors will be willing to put Scottie Barnes into an offer for Durant.
Wojnarowski views the Nets’ Tuesday deals with T.J. Warren and Edmond Sumner as another signal that they aren’t looking to rebuild and will want “good players” in any Durant trade. Marks, meanwhile, believes those agreements are a sign that no Durant deal is imminent and the Nets recognized they needed to start filling out their roster rather than waiting for a 5-for-1 type trade to materialize.
Kevin O’Connor of The Ringer makes a case for why he views New Orleans as the most logical landing spot for Durant and why he thinks the Pelicans have more than enough assets to get a deal done.
According to Wojnarowski, the Nets and Lakers are engaged in a “dance” over the Irving negotiations and don’t appear to have made serious inroads toward a deal. On The Pat McAfee Show (video link), Charania agreed, suggesting that it’s not a lock Kyrie will end up in L.A. “There’s no traction on any type of a Lakers deal for Kyrie Irving,” Charania said. “There’s nothing new on that. I’m not quite sure we’re going to see that take place.

Nets Sign Edmond Sumner

July 5th, 2022 at 10:58am CST by Luke Adams

JULY 8: The Nets have officially signed Sumner, the team announced today in a press release.

JULY 5: After reaching a contract agreement with T.J. Warren earlier in the day, Brooklyn is set to sign another former Pacer who missed the entire 2021/22 season due to an injury.

According to Adrian Wojnarowski of ESPN (Twitter link), the Nets and free agent guard Edmond Sumner have agreed to a deal. Sumner tore his left Achilles tendon last September and was sidelined all of last season as he recovered.

Prior to the injury, Sumner enjoyed a career year in Indiana in 2020/21, playing a career-high 16.2 minutes per game and earning 24 starts in 53 contests. The 6″4″ guard averaged 7.5 PPG and 1.8 RPG with an impressive shooting line of .525/.398/.819, and projected to be part of the Pacers’ rotation for ’21/22.

The Nets actually acquired Sumner in a trade with the Pacers during the 2021 preseason, following his Achilles tear, but that was a salary-dump deal that sent a future second-round pick to Brooklyn. Sumner was waived a few days later.

While the terms of the agreement between Sumner and the Nets have yet to be reported, it’s almost certain to be a minimum-salary contract.

Brooklyn’s roster remains in flux due to the unresolved Kevin Durant and Kyrie Irving situations, so Sumner’s exact role remains to be determined, but he’ll likely be a depth piece in the backcourt.

Nets Sign T.J. Warren To One-Year Contract

July 5th, 2022 at 8:50am CST by Luke Adams

JULY 7: Warren’s deal with the Nets is now official, the team announced. “T.J. is a proven three-level scorer with the size and versatility to make an impact for us,” said Nets general manager Sean Marks. “We think T.J. is a great fit on the wing, and we’re excited to welcome him and his family to Brooklyn.”

JULY 5: The Nets have reached a free agent agreement with forward T.J. Warren and will sign him to a one-year contract, sources tell Adrian Wojnarowski of ESPN (Twitter link).

The terms of the deal aren’t yet known. Brooklyn hasn’t used its taxpayer mid-level exception yet and could offer Warren any amount between his minimum ($2.6MM) and the full taxpayer MLE ($6.5MM).

Warren, who will turn 29 in September, has averaged 15.5 PPG on .507/.357/.780 shooting in 332 regular season games since entering the NBA as the 14th overall pick in 2014. However, he has missed nearly two full seasons due to left foot problems, playing just four times in 2020/21 and then sitting out the entire ’21/22 campaign.

Reports have indicated that Warren is fully recovered heading into 2022/23, and in his last full season (’19/20) he put up 19.8 PPG with a .536/.403/.819 shooting line, making him an intriguing flier in free agency this offseason. He’ll likely have to shake off some rust, but if he’s back to 100%, he’s an explosive scorer capable of creating matchup problems for opposing defenses.

It’s unclear what Warren’s role will look like in Brooklyn, where the Kevin Durant and Kyrie Irving situations remain very much in flux. His place on the depth chart will hinge on whether Durant is moved and what the Nets get back in any deal for the former MVP.

The Nets have now made deals this summer to add both scoring and defense on the wing, having also acquired forward Royce O’Neale from Utah in exchange for a first-round pick.

Warren began the offseason as the No. 50 free agent on our top-50 list and moved up to No. 46 after a few players exercised options.

New York Notes: Irving, Durant, Harris, Grimes, Quickley, Toppin

July 4th, 2022 at 10:54pm CST by Dana Gauruder

The Nets have leverage in trade negotiations and intend to use it, which could drag out the process into training camp, Brian Lewis of the New York Post writes.

Kyrie Irving has opted in to the last year of his deal and Kevin Durant‘s four-year extension is just getting underway. So, they can take their time finding the right trade package. It’s also hard to imagine Durant holding out or refusing to play, as Ben Simmons did in Philadelphia, if the Nets don’t deal him.

We have more on the New York teams:

In the same piece, Lewis quotes a league source as saying the Nets are opposed to the idea of trading Joe Harris. Holding onto Harris could indicate a retooling on the fly, while trading the 3-point specialist would signal a major rebuild. “I know the Nets absolutely do not want to trade Joe under any scenario,” the source told Lewis. “But there are just thousands of different ways this can play out.”
Quentin Grimes, who is on the Knicks’ summer league squad, could be in the mix for a starting job when the regular season begins, according to Steve Popper of Newsday. The 2021 first-round pick showed some promise last season with his defense and 3-point shooting. A bout with COVID-19 and a dislocated patella marred his rookie season. Grimes could get a shot to start if the Knicks deal Evan Fournier.
The free agent additions of Jalen Brunson and Isaiah Hartenstein leave Immanuel Quickley and Obi Toppin as likely second-unit performers, Zach Braziller of the New York Post notes. The latter duo finished last season on a high note with expanded roles but they project as reserves next season.

13 Trade Exceptions Set To Expire In July

July 4th, 2022 at 12:49pm CST by Luke Adams

A total of 13 traded player exceptions created during the 2021 NBA offseason are set to expire this month if they go unused.

A trade exception is an NBA salary cap exception that can be generated when a team trades a player away. It allows that team to acquire a certain amount of salary without sending out any in return for one year after the exception was created. The club is permitted to trade for a player earning the amount of the exception, plus $100K.

For instance, the Trail Blazers are set to use their $20,864,198 trade exception, created in February’s CJ McCollum trade, to acquire Jerami Grant, who is earning $20,955,000 in 2022/23. Grant narrowly fits into that TPE after accounting for the $100K in wiggle room.

Most trade exceptions expire without being used, but teams can sometimes find a use for them — especially the bigger ones like Portland’s. So it’s worth keeping tabs on which ones are still available.

Here are the 13 exceptions set to expire this month:

Boston Celtics: $17,142,857 (expires 7/18)
Los Angeles Clippers: $8,250,000 (expires 7/18)
Indiana Pacers: $7,333,333 (expires 7/7)
New Orleans Pelicans: $6,382,262 (expires 7/7)
Chicago Bulls: $5,000,000 (expires 7/7)
Memphis Grizzlies: $4,054,695 (expires 7/7)
Brooklyn Nets: $3,246,530 (expires 7/6)
Toronto Raptors: $3,070,052 (expires 7/6)
Atlanta Hawks: $1,782,621 (expires 7/7)
Golden State Warriors: $1,782,621 (expires 7/7)
Milwaukee Bucks: $1,517,981 (expires 7/7)
Boston Celtics: $1,440,549 (expires 7/7)
Brooklyn Nets: $118,342 (expires 7/6)

The Celtics’ $17MM exception, created in last year’s Evan Fournier sign-and-trade, is the most noteworthy one here, but it appears unlikely to be used. Boston reached a deal last week to acquire Malcolm Brogdon without having to use the exception, and now appears to be a long shot to strike another major trade agreement.

The third exception on this list, the Pacers’ $7.3MM TPE, will disappear if Indiana decides to operate under the cap. The team would have to renounce the exception in order to actually make use of its cap room.

While it’s possible some of the other exceptions on this list will be used before they expire, they won’t accommodate any of the deals that have been agreed upon to date.

The full list of outstanding trade exceptions can be found right here.

Nets Sign Alondes Williams To Two-Way Deal

July 4th, 2022 at 9:10am CST by Rory Maher

JULY 4: Williams’ two-way deal with the Nets is now official, the team announced today in a press release.

As our tracker shows, Brooklyn’s other two-way slot remains open, though the club has a two-way qualifying offer out to David Duke.

JUNE 24: The Nets are signing Alondes Williams to a two-way deal, sources tell Shams Charania of The Athletic and Stadium (Twitter link).

The 6’5″ guard averaged 18.5 PPG, 6.4 RPG, 5.2 APG and 1.2 SPG on .507/.282/.691 shooting as a junior for Wake Forest in 2021/22. He spent his first two college seasons with Oklahoma prior to transferring to the Demon Deacons.

Williams won ACC Player of the Year and was selected to the All-ACC First Team for his strong performance this past season. He was ranked 59th on ESPN’s big board prior to the draft, so he was considered a fringe second-round pick, but ultimately went undrafted and landed in Brooklyn.