Atlantic Notes: Nets Sale, Wiggins, Embiid

Amar’e Stoudemire‘s $2.5MM buyout from the Knicks only represented a net loss of $2,014,330 for him, since it was offset by his prorated minimum salary deal with the Mavs, but it was a savings of $6.25MM for the Knicks, as Marc Berman of the New York Post points out. The $2.5MM that Stoudemire gave up, an amount that Eric Pincus of Basketball Insiders first reported, as we noted last month, would have entailed an extra $3.75MM in luxury taxes had the big man remained under contract. Still, Stoudemire collected a total of more than $97.2MM in salary from the Knicks over the course of his five-year contract, and New York is in line to pay at least some tax for a third straight year, meaning the team will incur repeat-offender penalties if it goes over the tax next season. Here’s more from the Atlantic:

  • Sources told Steve Kyler of Basketball Insiders that they suspected the sale of the Nets was to have been based off a $1 billion price for the Hawks, but those same sources believe the Atlanta franchise will go for around $900MM instead, as Kyler relays (Twitter links). Multiple sports bankers had believed the Nets would sell for as much as $2 billion, as they told Josh Kosman and Claire Atkinson of the New York Post earlier this month, but that price point never materialized, Kyler hears (Twitter link). Nets owner Mikhail Prokhorov appears to be backing away from the idea of a sale.
  • There are whispers that Andrew Wiggins would love to play for the Raptors, but he’s under contract through 2018 and would have to take discount salaries if he wants to play in his native Canada anytime this decade, writes Eric Koreen of the National Post. In any case, the talent pool in Canada has grown enough such that GM Masai Ujiri need not dig deep to fulfill his promise of bringing a domestic talent onto the Raptors, making the GM’s pledge “harmless,” Koreen believes. Still, a majority of Hoops Rumors readers believe that Ujiri shouldn’t concern himself with a player’s nationality.
  • The “minor setback” that Joel Embiid has suffered as he continues to recover from a broken right foot bears watching, but it’s not worth an overreaction, Sixers coach Brett Brown told reporters, including Keith Pompey of the Philadelphia Inquirer. The franchise still believes that Embiid is capable of becoming its cornerstone if he can get healthy, Pompey writes.

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