Nets Re-Sign Joe Harris To Four-Year Deal

NOVEMBER 23: The Nets have officially re-signed Harris, the team announced today in a press release.

“From the moment he arrived in Brooklyn, Joe has epitomized what it means to be a Net,” general manager Sean Marks said in a statement. “On the court, Joe has improved every season, and he’s worked diligently over the past four years to become a core member of our team. He is an excellent teammate, and his approach to the game, along with his character, have had a positive impact on all facets of the organization. Off the court, Joe is an outstanding person, and he and his family have become integral parts of our Nets family.”

NOVEMBER 20: The Nets are re-signing free agent Joe Harris to a four-year, $75MM deal, ESPN’s Adrian Wojnarowski tweets. The news of Harris returning to Brooklyn was first reported by Shams Charania of The Athletic (Twitter link).

Harris, one of the league’s top three-point shooters, will help spread the floor alongside the likes of Kyrie Irving and Kevin Durant next season. He averaged 14.5 points, 4.3 rebounds and 30.8 minutes per game last year, shooting 49% from the field and 42% from 3-point range.

In addition to Harris, Irving and Durant, Brooklyn also has Spencer Dinwiddie, Caris LeVert, Jarrett Allen and DeAndre Jordan on its roster entering the 2020/21 season. The team is widely expected to be at the forefront of contention in the Eastern Conference.

The Nets lost swingman Garrett Temple in free agency, who agreed to a one-year contract with Chicago. Plagued by injuries, Brooklyn finished with just a 35-37 record last season, the seventh-best in the East.

Harris’ deal will have luxury-tax implications for the Nets, who project to be well over the tax threshold in 2020/21 and figure to face significant penalties. While those penalties will be reduced if the NBA falls short of its revenue projections, Brooklyn’s current projected tax bill is $47.5MM, per ESPN’s Bobby Marks (Twitter link).

Photo courtesy of USA Today Sports Images.

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