As we noted earlier this summer, the Nets still hadn’t had any rookie-scale extension talks with D’Angelo Russell after about a week into free agency. Now, according to Brian Lewis of the New York Post, it appears that an extension is unlikely given Brooklyn’s plan to be a major spender in free agency next summer.
The Nets’ deadline to sign Russell, 22, to an extension is the last day before the start of the regular season, but even if no extension is agreed to, the Nets will still be able to make Russell a restricted free agent in the summer of 2019 by tendering him a $9.16MM qualifying offer next June.
“For now we’re going to see how this group plays together, how it all unfolds,” said general manager Sean Marks said. “But — again, I’m not going to rule out anything — as we stand now, this is the group and we have no plans to make any crazy changes, whether that’s an extension or signing or trade anyone else. But things happen quickly.”
Russell, the No. 2 overall selection in the 2015 NBA Draft, averaged 20.9 points, 5.7 assists and 4.7 rebounds per game before getting hurt last season, but given the plan to maximize cap space and the fact that Russell will be under team control as a restricted free agent, Lewis opines that the Nets would be prudent to stand pat and let the market set the price for Russell next summer.
Only one other member of the 2015 NBA Draft class – Devin Booker – has signed a rookie-scale extension so far this summer, but Karl-Anthony Towns, Bobby Portis, and Larry Nance Jr. are among those considered strong candidates for new deals.