Contract Details: Sharpe, Liddell, Prosper, Brooks, Schumacher
As part of his two-year contract agreement with the Nets, Day’Ron Sharpe waived his right to veto a trade during the 2025/26 season, Hoops Rumors has learned.
A player who re-signs with his previous team on a one-year deal or a two-year deal that includes a second-year option is typically given an implicit no-trade clause, but a team can ask the player to give up that no-trade clause upon signing. Because Sharpe agreed to do so, he would lose his Bird rights if he’s traded ahead of February’s deadline.
[RELATED: NBA Players Who Can Veto Trades In 2025/26]
Even though he re-signed with his previous team, got a raise exceeding 20%, and signed for more than the minimum, Sharpe will become trade-eligible on December 15 instead of January 15 because the Nets were still operating below the cap upon completing his deal.
Here are more details on a few recently signed contracts from around the NBA:
- E.J. Liddell‘s new two-way contract with the Nets will cover just one season, Hoops Rumors has learned. The former Ohio State forward received a partial guarantee of $85,300 on that deal.
- Olivier-Maxence Prosper, who signed a two-way contract with the Grizzlies, also agreed to a one-year deal that includes a partial guarantee worth $85,300, but his partial guarantee would increase to $318,218 if he remains on the roster through opening night — that’s 50% of his full two-way salary ($636,435).
- As expected, the contract that Garrison Brooks signed with the Pelicans last week is a non-guaranteed Exhibit 10 deal, Hoops Rumors has confirmed. He’ll earn a bonus worth $85,300 if he’s waived by New Orleans and then spends at least 60 days with the Birmingham Squadron, the Pelicans’ G League affiliate.
- While most Exhibit 10 contracts include that maximum bonus of $85,300, that’s not the case for every E10 deal. For instance, Alex Schumacher – who was signed and waived by the Suns last week – will earn an Exhibit 10 bonus worth $20K if he spends 60 or more days with the Valley Suns in the G League.
Eastern Notes: Shamet, Thomas, Bucks Survey, Donovan
Landry Shamet remains under heavy consideration to fill the Knicks’ available roster opening for a veteran’s minimum contract, according to Stefan Bondy of the New York Post. Shamet was a key reserve for the club last season, appearing in 50 games. Shamet has reportedly been working out in New York while hoping to re-sign with the Knicks.
A report from Marc Stein earlier on Monday indicated that Ben Simmons turned down an offer from the Knicks. Another prominent free agent, Malik Beasley, is a long shot to sign with them, according to Bondy, who names Malcolm Brogdon as another possibility for that veteran-minimum slot.
We have more from the Eastern Conference:
- The fact that restricted free agent Cam Thomas signed his $6MM qualifying offer means he’s not in the Nets’ plans beyond this season, Erik Slater of ClutchPoints.com writes. Despite some gaudy offensive numbers, Thomas is an undersized, shoot-first guard who has been a poor defender throughout his career, Slater adds. The QO comes with a no-trade clause but the Nets now have little incentive to offer Thomas a featured role this season, which could complicate his market next summer, Slater notes.
- Bucks fans who answered a survey conducted by The Athletic’s Eric Nehm have little faith that the team will the NBA championship this season. Out of 690 responses, 81.2% were either “not that confident” or “not at all confident” that the Bucks will win it all. However, Bucks fans remain high on general manager Jon Horst, as 83.1% said they were either “extremely confident” or “somewhat confident” in him. The same could not be said of Doc Rivers, as 62.7% expressed little or no confidence in the veteran head coach.
- Bulls coach Billy Donovan was inducted into the Naismith Hall of Fame over the weekend. Now, Donovan must show he’s a Hall of Fame coach by finally turning the Bulls into a true playoff contender, Joe Cowley of the Chicago Sun-Times opines.
Sixers’ Andre Drummond, Kelly Oubre On Trade Block?
During his latest Bleacher Report live stream (YouTube link), NBA insider Jake Fischer said there have been persistent rumblings that the Sixers may be considering a salary-dump deal to give them more financial flexibility to re-sign restricted free agent Quentin Grimes.
“There has been buzz all summer long about the Sixers looking to potentially move one of, if not both, Andre Drummond and/or Kelly Oubre,” Fischer said. “If they are able to find a deal for one of those two guys as we get closer to camp, that would open up some more wiggle room for Philadelphia to be able to pay Grimes a little bit more (money).”
Both Drummond ($5MM) and Oubre ($8.4MM) exercised their player options for 2025/26 and will be unrestricted free agents next offseason.
This isn’t the first time Drummond has been mentioned in trade rumors this summer — Tony Jones of The Athletic reported on June 30 that Philadelphia was trying to move the two-time All-Star center. But we haven’t heard anything else on that front until now.
Yossi Gozlan of The Third Apron (Substack link) noted a few days ago that the Sixers could potentially dip below the luxury tax line while re-signing Grimes if they traded both Drummond and Oubre. Gozlan pointed to the Nets — the lone NBA team with cap room remaining — as a potential match.
A source confirmed to Net Income of NetsDaily.com that acquiring Drummond (along with other assets) would be the type of move Brooklyn is looking for.
Oubre is also no stranger to trade rumors and makes logical sense as a player on an expiring contract who could be moved. But we haven’t seen any reports linking him to a specific team.
When our Luke Adams discussed yesterday in a Front Office article what a contract compromise might look like between Grimes and the Sixers, he floated the possibility of a four-year, $65MM deal with a partial guarantee in year four.
For what it’s worth, Grimes recently took to Instagram to post a picture of himself in a Sixers uniform, as Kyle Neubeck of PHLY Sports relays (via Twitter).
Nets Officially Re-Sign Ziaire Williams
10:30 am: As we speculated below, the Nets did in fact increase Williams’ two-year deal to $12.5MM, confirms Michael Scotto of HoopsHype (Twitter link). The contract still features a second-year team option.
9:54 am: Over two months after their agreement was first reported, the Nets have officially finalized their deal with free agent swingman Ziaire Williams, the team confirmed today (Twitter link via Erik Slater of Clutch Points).
While the Nets didn’t provide any details on the contract besides referring to it as a “multiyear” arrangement, reporting on June 30 indicated that Williams would be signing a two-year, $12MM deal, with a second-year team option.
For what it’s worth, Nets big man Day’Ron Sharpe reportedly agreed to the same terms, and when he officially re-signed last week, the total value of his contract was bumped slightly from $12MM to $12.5MM. It’s possible Brooklyn will do the same for Williams.
A former No. 10 overall pick who was acquired from Memphis in a trade during the 2024 offseason, Williams averaged 10.0 points and 4.6 rebounds in 24.5 minutes per game across 63 outings (45 starts) for Brooklyn in 2024/25.
While his 34.1% three-point percentage wasn’t great for a wing, it was a noticeable step up from the 30.1% mark he posted in his first three NBA seasons, and he showed off impressive defensive versatility, even handling center duties in a pinch. The former Stanford standout came at No. 43 on our list of this summer’s top 50 free agents.
Assuming Williams’ first-year salary comes in around $6MM, Brooklyn will still have just over $16MM in cap space available after officially re-signing Williams, Sharpe, and Cam Thomas. The team, which will also have the $8.8MM room exception at its disposal once it uses up its room, could increase its cap space by waiving one or more players who have non-guaranteed salaries.
It’s also worth noting that a player who re-signs with his previous team on a one-year contract or a two-year deal that includes a second-year team option typically has the right to veto a trade during the following season. However, a player can agree to give up that right as part of the contract negotiation. I expect the Nets asked Williams to waive his trade veto rights, but we don’t have confirmation on that yet.
Heat Notes: Arison, Training Camp, Jakucionis, Highsmith
In advance of tonight’s induction into the Naismith Memorial Basketball Hall of Fame, Micky Arison participated in Friday’s media session and spoke about his memories from three decades as majority owner of the Heat, per Barry Jackson and Anthony Chiang of The Miami Herald. Under Arison, who was elected in his first year as a finalist, Miami has made seven trips to the NBA Finals and captured three titles.
“I would just say I’m appreciative. It is an honor… It was never a goal,” he said of the Hall of Fame selection. “Our goal was to win championships. Was fortunate enough to win three. Our goal was to create a fantastic atmosphere in Miami. Most great NBA players, coaches it’s a goal for them. It’s never been a goal for me. Despite that, I’m extremely appreciative.”
Hall of Fame weekend marks a rare moment in the spotlight for Arison, as Jackson and Chiang note that he hasn’t spoken with beat reporters since 2013 and declined interview requests regarding his election. As his presenters, he chose Heat president Pat Riley and franchise legends Alonzo Mourning and Dwyane Wade.
“They were three key elements to our history for 30 years,” Arison said. “Pat was with me almost from the very beginning. Zo (was acquired) the first year. From there the culture was created. Dwyane Wade helped take it to the top. Obviously the greatest player in Heat history; (he has) a statue on the top steps (of Kaseya Center). I’m glad those three will be with me.”
There’s more on the Heat:
- Ira Winderman of The Sun-Sentinel (subscription required) previews several battles to watch when training camp opens later this month, including Kel’el Ware vs. Nikola Jovic for a potential starting spot and Tyler Herro vs. Davion Mitchell to be the crunch-time point guard. Winderman expects Andrew Wiggins and newly acquired Norman Powell to both be in the starting lineup, but coach Erik Spoelstra‘s decision on how to use them could factor into their long-term future with the team. Powell has an expiring contract, and Wiggins holds a player option for next season.
- The fate of Kasparas Jakucionis is also worth keeping an eye on, Winderman adds. The first-round pick struggled during Summer League games and seemed like he might need some time in the G League, but Winderman suggests he may be able to avoid that fate with a strong showing in camp and the preseason.
- Haywood Highsmith, who was traded to the Nets last month, recently offered a heartfelt farewell to the Heat organization and fans on his Instagram account. “You gave an undrafted kid from Baltimore a chance and I’m forever grateful for the journey, challenges, and growth I’ve experienced here,” he wrote. “Miami will always have a special place in my heart.”
Nets Hiring Acie Law As Director Of Player Personnel
Former NBA lottery pick and four-year veteran Acie Law IV is joining the Nets‘ front office, according to Michael Scotto of HoopsHype, who reports (via Twitter) that Brooklyn will hire Law as the team’s director of player personnel.
A standout guard at Texas A&M from 2003-07, Law was the 11th overall pick in the 2007 draft but struggled to make an impact in the NBA as a player. He appeared in 188 games from 2007-11 for the Hawks, Warriors, Hornets (then the Bobcats), Bulls, and Grizzlies, averaging 3.9 points and 1.6 assists in 12.7 minutes per contest.
After competing overseas for a few years and winning a pair of EuroLeague titles, Law transitioned to the next stage of his basketball career, joining the Kings as a scout in 2018 and spending four seasons in Sacramento before being hired by the Thunder.
Law has spent the past three years in Oklahoma City, serving most recently as the club’s director of amateur scouting and winning a championship with the franchise in 2025.
Latest On Nets, Cam Thomas
Cam Thomas‘ decision to sign his one-year qualifying offer (worth nearly $6MM) was a reflection of the fact that he didn’t receive much external interest as a restricted free agent this summer, numerous scouts and league executives told Brian Lewis of The New York Post.
According to Lewis, Thomas has “fans at the highest level in the Nets front office,” but the team clearly wasn’t willing to bid against itself and evidently wasn’t comfortable offering the 23-year-old a long-term deal.
As Lewis writes, there’s risk for both sides now that Thomas is back under contract. From Brooklyn’s perspective, Thomas has an implied no-trade clause, meaning he would have to approve any deal during the 2025/26 season — if that happens, the team that acquires him would only have his Non-Bird rights.
Thomas, meanwhile, reportedly sacrificed short-term money to keep that built-in no-trade clause. General manager Sean Marks targeted multiple play-making guards during the draft, Lewis notes, and the Nets may prioritize their development over more shots for Thomas.
“On a team that’s not trying to win and doesn’t care, if he signs the qualifying offer he runs the risk they don’t feature him after October,” a league source had told The Post before the move. “A team that isn’t trying to win, you’re stuck.”
According to Yossi Gozlan of Third Apron (Substack link), the Nets will be approximately $7MM below the 2025/26 minimum salary floor if they re-sign Ziaire Williams to the same two-year, $12.5MM contract that Day’Ron Sharpe received and waive a few of their non-guaranteed deals before the season begins. That would put Brooklyn in a good position to add assets in another salary-dump deal before the season begins, but a major trade appears unlikely.
Gozlan hears Sharpe will earn $6.25MM each of the next two seasons. As previously reported, the contract features a second-year team option, so it’s only guaranteed for ’25/26.
Nets’ Cam Thomas Signs Qualifying Offer
12:02 pm: Thomas has officially signed his qualifying offer, the Nets announced (via Twitter).
6:59 am: Nets restricted free agent Cam Thomas has decided to sign his one-year qualifying offer worth just under $6MM to return to the team, reports Shams Charania of ESPN.
Reporting since late July indicated that Brooklyn was willing to give Thomas a multiyear deal but that the team wasn’t going beyond two years at roughly $14-15MM per season, with a second-year team option. According to Charania, the Nets also proposed a one-year, $9.5MM contract that could have been worth up to $11MM in incentives, but it would’ve required Thomas to waive his right to veto a trade.
Rather than accepting either of those team-friendly proposals, Thomas will take his chances on a more modest one-year contract that will give him a de facto no-trade clause for the 2025/26 season and will put him on track to become an unrestricted free agent next July.
As Charania points out, while the Nets were the only team to enter this offseason with significant cap room, there could be 10 or more cap-space teams in 2026, creating more options on the open market for a free agent like Thomas.
The 27th overall pick in the 2021 draft out of LSU, Thomas has increased his scoring average in each of his four NBA seasons and put up career highs of 24.0 points and 3.8 assists per game in 2024/25.
However, he was limited to just 25 games last season due to hamstring issues and has been up and down from an efficiency standpoint, with career averages of 43.9% from the floor and 34.9% on three-pointers. He’s also not considered an above-average defender.
As talented as Thomas is as a scorer, his shortcomings in other areas limited his appeal in restricted free agency, and the Nets’ favorable cap position allowed the team to play hardball in negotiations. Having agreed to re-sign other free agents like Day’Ron Sharpe and Ziaire Williams to contracts that aren’t guaranteed beyond 2025/26, Brooklyn was clearly prioritizing its ability to maintain cap flexibility next offseason and wasn’t interested in making a longer-term commitment to the 23-year-old at this time.
If Thomas plays out the 2025/26 season with the Nets, the team will maintain his Bird rights entering next summer. However, if he approves a trade to another club before February’s deadline, his Bird rights wouldn’t go with him — that’s presumably the reason why he turned down Brooklyn’s one-year, $9.5MM offer, which would’ve required him to essentially “pre-approve” a trade. Even if the Nets decide not to re-sign Thomas next July, his Bird rights could be useful in sign-and-trade scenarios.
If Thomas OKs a trade during the season, his new team would have his Non-Bird rights and wouldn’t be able to offer him a starting salary higher than about $7.2MM (120% of his previous salary) next offseason without using cap room or another cap exception.
The Nets will actually open up some cap room as a result of Thomas signing his qualifying offer, since the team had been carrying a cap hold of approximately $12MM for him — that cap hit will be cut in half once he officially puts pen to paper, creating an extra $6MM in spending flexibility for Brooklyn.
Thomas was one of four notable restricted free agents around the NBA whose situation remained unresolved as of Labor Day. We can probably expect resolution for Josh Giddey (Bulls), Jonathan Kuminga (Warriors), and Quentin Grimes (Sixers) at some point this month, since they face an October 1 deadline for accepting their own qualifying offers.
Nets Notes: Porter, Thomas, Lottery Odds, Koch
The Nets are counting on Michael Porter Jr. to provide scoring punch and stretch opposing defenses after acquiring him in an offseason trade with Denver, and he’s confident that he can deliver. In a recent interview with online influencer PlaqueBoyMax (YouTube video link), Porter proclaimed that Warriors guard Stephen Curry is the only NBA player who surpasses him as a long-distance shooter.
“Stephen Curry, that’s the only one I’m giving like a clear elite, can shoot better than me,” Porter said. “There’s dudes that are on the same level. I think Klay Thompson, (Kevin Durant). If I got in the gym (with someone) like Duncan Robinson, he probably can shoot with me. Trae Young, (Damian Lillard). But I think Steph is the only one clearly better.”
Porter has numbers to back up his claims, as he’s coming off one of the best shooting seasons of his career, connecting at 50.4% from the field and 39.5% from three-point range. His ability to knock down outside shots convinced the Nets to take on the nearly $80MM he’ll earn over the next two seasons.
There’s more from Brooklyn:
- Cam Thomas‘ future with the team remains cloudy following his decision to accept a one-year qualifying offer, according to NetsDaily. The high-scoring guard may find himself pushed down the rotation as the Nets focus on developing their five first-round picks, and the situation could get more contentious as the season wears on. One source called the outcome “another failure in asset management” for the team, while another told the author, “Cam Thomas gets the QO to no surprise. Can’t imagine how many shots he’s going to take this year.”
- With their roster loaded with young players, the Nets are expected to be among the top contenders for best odds heading into next year’s draft lottery. Peter Botte of The New York Post examines their competition and expects the Jazz, Wizards and Hornets to all be involved in that race to the bottom.
- Julia Koch and the billionaire Koch family, who own 15% of the Nets’ parent company, BSE Global, have purchased a minority stake in the NFL’s New York Giants, tweets Brian Lewis of The New York Post. BSE Global also owns the WNBA’s New York Liberty and Barclays Center.
Nets Notes: Two-Way Spots, Sharpe, Porter
Even after signing E.J. Liddell to a two-way deal on Wednesday, the Nets still have one open two-way slot to fill. C.J. Holmes of The New York Daily News takes a look at three contenders for the role.
Holmes notes that 6’11” former CBA forward Fanbo Zeng, who reportedly agreed to a deal with Brooklyn in August, looks like a solid modern big man. He averaged 14.7 points, 4.6 rebounds and 1.6 blocks per game with the Beijing Ducks in the Chinese Basketball Association. Zeng also connected on 53% of his field goal attempts and 41% of his triple tries.
Undrafted former Alabama forward Grant Nelson underwhelmed while with the Nets’ Summer League squad, but his energetic play and diverse skill set on offense could give him an NBA-level ceiling.
Recently waived former Mavericks forward Olivier-Maxence Prosper, a first-round draft pick in 2023, is the kind of developmental project Brooklyn could explore too, Holmes adds.
There’s more out of Brooklyn:
- More details have come to light on re-signed Nets center Day’Ron Sharpe‘s new contract, per Michael Scotto of HoopsHype (Twitter link). According to Scotto, Sharpe’s agreement is actually worth $12.5MM across two seasons instead of the originally reported $12MM. It still includes as a second-year team option, as expected.
- Since being traded away from Denver earlier this summer, new Nets forward Michael Porter Jr. has been on a veritable tour of podcasts and live streams, sharing some controversial takes. Holmes opines that the 6’10” vet should consider curbing these public appearances. Porter is making $79.4MM across the last two years of his deal, and Holmes suggests that his continued appearances could affect his standing as a positive veteran influence for Brooklyn’s young roster — which includes five rookies.
- In case you missed it, the Nets remain the only NBA team with cap space available, which they could use in a variety of ways.