After another bid for a restricted free agent (Otto Porter) fell short, the Nets continued to use their cap room to take on other teams’ unwanted contracts during the 2017 offseason, adding Allen Crabbe, Timofey Mozgov, and DeMarre Carroll. Having lost control of so many lottery picks thanks to their infamous trade with the Celtics, the Nets were able to acquire a recent second overall pick in D’Angelo Russell by taking on Mozgov, and landed an extra first-round pick by absorbing Carroll. It will be trickier for Brooklyn to take a similar approach during the 2018 offseason though, with the club’s cap room dwindling.
Here’s where things currently stand for the Nets financially, as we continue our Offseason Salary Cap Digest series for 2018:
Guaranteed Salary
- Allen Crabbe ($18,500,000)
- Timofey Mozgov ($16,000,000)
- DeMarre Carroll ($15,400,000)
- Jeremy Lin ($12,516,746)
- D’Angelo Russell ($7,019,698)
- Deron Williams ($5,474,787) — Waived via stretch provision
- Rondae Hollis-Jefferson ($2,470,357)
- Jarrett Allen ($2,034,120)
- Caris LeVert ($1,702,800)
- Total: $81,118,508
Player Options
- None
Team Options
- None
Non-Guaranteed Salary
- Spencer Dinwiddie ($1,656,092)1
- Isaiah Whitehead ($1,544,951)2
- Total: $3,201,043
Restricted Free Agents
- Nik Stauskas ($4,333,931 qualifying offer / $11,421,441 cap hold): Bird rights
- Total: $11,421,441
Unrestricted Free Agents / Other Cap Holds
- Jahlil Okafor ($6,313,832): Bird rights
- Randy Foye ($3,000,000): Non-Bird rights3
- Dante Cunningham ($2,760,000): Non-Bird rights
- No. 29 overall pick ($1,618,324)
- Quincy Acy ($1,499,698): Early Bird rights
- Joe Harris ($1,499,698): Early Bird rights
- Total: $16,691,552
Projected Salary Cap: $101,000,000
Projected Cap Room: $13,562,427
- Our Nets cap projection includes the eight players on guaranteed contracts, the two non-guaranteed contracts, and the cap holds for Harris and the team’ first-round pick. That results in a total team salary of $87,437,573. Waiving Whitehead or renouncing Harris would create a little more cap room, though the difference would be pretty marginal. Any path to more significant space would have to be involved trades or cuts.
Footnotes:
- Dinwiddie’s salary becomes guaranteed for $250K after October 31.
- Whitehead’s salary becomes fully guaranteed after June 30.
- Foye’s cap hold remains on the Nets’ books because he didn’t sign a new contract after reaching free agency in 2017. The team could renounce this hold at any time.
Note: Rookie scale cap holds are estimates based on salary cap projections and could increase or decrease depending on where the cap lands.
Salary information from Basketball Insiders was used in the creation of this post. Photo courtesy of USA Today Sports Images.
They actually got the 2nd and 3rd overall picks. They need to resign Okafor. Get him in the gym, get him back up to speed. Too much offensive talent to let it go to waste.
What is the point for a player to sign for non-guaranteed money? If he does not impress, he won’t see it, and if he improves, he can’t sign elsewhere for better money.
Hard to move Mozgov.
Nd to retain Harris & Acy