Brooklyn Nets Rumors | Hoops Rumors

NBA Could Terminate Dinwiddie’s Contract If He Goes Forward With Digital Investment Plan

November 19th, 2019 at 6:50pm CST by ChrisCrouse

Spencer Dinwiddie has plans to convert his three-year, $34.4MM contract into a digital investment vehicle that would allow investors to buy a digital token backed by his contract, something that would allow the guard to secure a large upfront payment. The league, which sought outside legal counsel on the matter, is not approving Dinwiddie’s venture for a variety of reasons, as Shams Charania of The Athletic learns.

“At the request of Spencer Dinwiddie and his advisors, we have reviewed a number of variations of their digital token idea,” said Dan Rube, the NBA’s Executive Vice President and Deputy General Counsel. “All of the ideas presented would violate collectively bargained league rules, including rules prohibiting transferring a player’s right to receive NBA salary, gambling on NBA-related matters, and creating financial incentives to miss games.”

The NBA wants to work with Dinwiddie to find common ground, Charania writes. Dinwiddie has met with the league twice over the past month in an attempt to find a resolution that allows him to move forward with his venture. The guard has made several changes to the structure of his investment vehicles that would appease the league and attempted to alleviate concerns about “third-party assignment” or the transferring of his contract, which would violate the Collective Bargaining Agreement.

The latest hangup is over Dinwiddie’s 2020/21 player option, which is worth $12.3MM. Token holders would be invested in his decision on that option, though the Nets’ guard recently altered the payout mechanism for investors, reducing the risk to zero should he opt in and giving them potential upside should he opt out. Because of his option, the league views selling the digital token as gambling, since his investors would be potentially wagering millions of dollars on whether he becomes a free agent as well as his availability to play games in the league.

Dinwiddie still plans on moving forward with his venture, as he believes the NBA’s lack of approval is without cause. Dinwiddie carrying out his plan could bring penalties such as a suspension, a fine, or even the termination of his contract, though that would be an extreme measure.

Charania hears from a source that Dinwiddie’s goal is to design a method that can further improve a player’s economic options while adhering to the league’s concerns. The National Basketball Players Association recently release a statement supporting Dinwiddie.

“The NBPA’s mission is to support its members and we are currently assisting Spencer and his business associates in seeking to address the League’s concerns,” the NBPA said in a statement. “Our hope is that a resolution satisfactory to all parties can be achieved.”

For now, the two sides are in a standstill over the combo guard’s plan. Dinwiddie has played in 13 games for Brooklyn, starting two in place of Kyrie Irving. He’s averaging 18.5 points and 4.8 assists per game and the Nets are 5-8 on the season.

Musa Gets An Opportunity With LeVert Out

November 18th, 2019 at 12:12pm CST by Dana Gauruder

The role of Nets second-year shooting guard Dzanan Musa has expanded with Caris LeVert sidelined by a thumb injury, Brian Lewis of the New York Post relays. Musa has averaged 9.0 PPG in 21.0 MPG over the last four games. “We need his scoring on that second unit now, with no Caris,” coach Kenny Atkinson said. “You can’t just have Spencer (Dinwiddie) out there taking every possession.” We’re going to need Musa to play well.”

Rodions Kurucs Assigned To Long Island

November 17th, 2019 at 4:01pm CST by clarkcrum

The Nets have assigned Rodions Kurucs to the Long Island Nets for today’s G League contest against the Windy City Bulls, tweets Brian Lewis of the New York Post. It’s Kurucs’ first assignment of the 2019/20 season.

New York Notes: Ntilikina, Mills, Shumpert, Claxton

November 17th, 2019 at 2:25pm CST by clarkcrum

A starter in seven straight games, Knicks point guard Frank Ntilikina is finally trending in the right direction, writes Ian Begley of SNY.tv, largely because of his newfound mental approach to the game that began last season and continued this summer.

“I think the work I put in all summer and even last season while I was injured, allows me to be more comfortable and everything else in life be more comfortable here in this country, this situation as an NBA player, said Ntilikina. “And everything is set now, so my mind is all the way into basketball and do what it takes to get to the next level.”

There’s more from the Big Apple this afternoon:

Lesser-used players like Theo Pinson and Dzanan Musa rewarded Nets head coach Kenny Atkinson with his trust in them during the team’s recent win over Chicago, writes Brian Lewis of the New York Post. “That’s what we’re about,” Atkinson said. “We’ve got to trust these guys. They put in the work, they’ve been in our program a while so they understand what we’re doing. We can’t burn out our other guys, our top eight. We can’t play them 45 minutes. So, those guys’ contributions were huge.”
Stefan Bondy of the Daily News opines that allowing president Steve Mills to choose the Knicks’ next head coach (should David Fizdale be fired) is a silly proposition, as Mills has already failed time and time again to find the right candidate to lead the team moving forward.
Atkinson says the Nets are looking for new addition, veteran swingman Iman Shumpert, to fill a need with his perimeter defense, writes Brian Lewis of the New York Post. “He fits a need right now. Perimeter defense, that’s always been his calling card. I … know him well, know the personality. He gets after it defensively. That will be his role for us.”
According to Marc Berman of the New York Post, at least one former Knicks player did not like how MSG fans booed his former teammate, Mavs’ forward Kristaps Porzingis. “I think everybody can think what they want but I feel bad for KP,” said Hornets’ big man Willy Hernangomez. “He’s my brother. We spent too many nights in this amazing arena. I understand what people [do]. The people always treated me good when I was here and appreciated. But I was sad when I saw that.”
SB Nation’s Nets Daily takes a look at how Nets rookie power forward Nicolas Claxton is set to earn additional minutes at the NBA level as a result of the recent poor play of teammate Rodions Kurucs. “We’ve got to get our best talent on the floor,” Atkinson said Friday. “I think (Claxton’s) a talented guy. We need to find a way to play him.”

Kyrie Irving To Miss Game Due To Shoulder Injury

November 16th, 2019 at 12:07pm CST by marksuleymanov

After losing Caris LeVert for several weeks, the Nets are now dealing with injury issues to their lone healthy superstar. Kyrie Irving will miss Saturday’s contest against the Bulls with a right shoulder impingement, the team announced.

Irving has been a force this season, averaging 28.5 PPG and 7.2 APG across 11 games, both career-highs. However, the Nets have struggled out of the gate and Irving’s right shoulder impingement further complicates matters.

A specialist who recently spoke to Brian Lewis of the New York Post regarding Irving’s ailment recommended that the star point guard be treated carefully with time off rather than pushed.

“The only question here is there’s advanced imaging done to make sure there is no further damage to the rotator cuff or bursa,” Dr. Stephen Hunt said. “If not, it can be anywhere from a few days to a couple of weeks. Usually it’s something that responds well to non-operative management.”

Brooklyn is currently 4-7, good for ninth in the Eastern Conference. It remains to be seen how Irving’s injury is handled, but given the team’s struggles and already depleted backcourt, it’s fair to wonder whether or not Kyrie should get more than just one night off.

Caris LeVert Undergoes Thumb Surgery, Out 4-6 Weeks

November 14th, 2019 at 1:27pm CST by Luke Adams

NOVEMBER 14, 1:27pm: LeVert will likely be sidelined for approximately four to six weeks, league sources tell ESPN’s Adrian Wojnarowski (Twitter link).

NOVEMBER 14, 12:14pm: LeVert underwent successful surgery today to repair ligaments in his right thumb, the Nets announced (via Twitter). The team didn’t provide a specific timeline for LeVert’s return, stating updates will be “provided as appropriate.” However, Charania reiterates (via Twitter) that the fourth-year guard will likely miss several weeks.

NOVEMBER 13, 4:01pm: The Nets fear that guard Caris LeVert has ligament damage in his right thumb and will be sidelined for the next several weeks, reports Shams Charania of The Athletic and Stadium (video link).

Brooklyn has yet to make any formal announcements on LeVert’s status, but we can probably expect an update from the team soon, as Charania reported earlier in the day that the 25-year-old was visiting specialists to undergo further evaluations on his thumb injury.

Although the Nets haven’t officially revealed LeVert’s recovery timeline, the team signed Iman Shumpert this afternoon for extra depth on the wing, which is a strong hint that Charania’s report is accurate.

Brooklyn will be free to carry Shumpert for the next month, then will have to either release him or trade or waive another player by December 15, when Wilson Chandler‘s 25-game suspension ends. By that point, LeVert may be back or at least close to returning, reducing the need for an additional wing like Shumpert.

The thumb injury is a tough break for LeVert, who missed over half of last season due to a major ankle injury. He was off to a solid start in 2019/20, with 16.8 PPG, 5.0 RPG, and 4.0 APG to go along with a .421/.361/.645 shooting line in nine games (31.6 MPG).

Examining What Shumpert Can Bring To Nets

November 14th, 2019 at 10:20am CST by Luke Adams

After the Nets signed Iman Shumpert to a contract on Wednesday, Chris Milholen of NetsDaily explores what the veteran swingman is capable of bringing to Brooklyn and why he’s a “safe” addition for the club.

Nets Sign Iman Shumpert

November 13th, 2019 at 3:50pm CST by ChrisCrouse

3:50pm: The Nets have officially signed Shumpert, the team announced today in a press release. His minimum-salary contract will pay him about $13.1K per day as long as he remains on the roster.

2:24pm: The Nets are bringing in free agent swingman Iman Shumpert, Adrian Wojnarowski of ESPN.com tweets. No corresponding roster move will be necessary, as Brooklyn has the ability to carry a 16th man until Wilson Chandler returns from suspension.

The news of Shumpert signing coincides with Stadium’s Shams Charania reporting that Caris LeVert is expected to miss several weeks because of feared ligament damage in his thumb. LeVert, who recently signed a three-year, $52MM extension, has missed 79 games because of injury since coming into the league.

Shumpert’s deal will give him the opportunity to once again be teammates with Kyrie Irving after the two vets won a title in Cleveland together. As NetsDaily relays, Irving lobbied for the team to sign Shumpert over the summer.

As we explained earlier this month, players serving longer-term suspensions can be moved to the suspended list after five games, at which point a team is eligible to add an extra player to its roster. Chandler will be eligible to return from his 25-game ban on December 15, so Brooklyn will have to make a roster move at that time, releasing Shumpert or trading or waiving of its other players to get back down to 15 players on standard contracts.

Nets, CEO David Levy Part Ways After Two Months

November 12th, 2019 at 11:51am CST by Luke Adams

Less than two months after he joined the Nets as the CEO of the franchise and the Barclays Center, David Levy and the Nets are parting ways, the team announced today in a press release. Oliver Wiesberg, the CEO of J Tsai Sports and the Nets’ alternative governor, has been named Levy’s replacement on an interim basis.

While the Nets’ announcement and a statement from Levy himself classify the move as a mutual agreement to part ways, Scott Soshnick of Bloomberg suggests in his report that the longtime Turner Broadcasting executive resigned from his new post in Brooklyn.

Levy replaced former CEO Brett Yormark in September when new owner Joe Tsai officially assumed control of the franchise from Mikhail Prokhorov. Presumably, the two sides expected the relationship to last longer than two months, so there’s likely more to the story than they’re willing to reveal at this point.

Wiesberg’s statement in the Nets’ press release may offer a hint at the circumstances surrounding Levy’s departure. That statement reads, in part: “As we enter an exciting next chapter of our organization, it’s important that ownership and management are completely aligned on our go forward plan.”

Lowe: Nets Need More From DeAndre Jordan

November 11th, 2019 at 1:16pm CST by Luke Adams

In his Friday column for ESPN.com, Zach Lowe noted that DeAndre Jordan has gotten off to a poor start in the first season of a lucrative four-year contract with the Nets, failing to deter opponents from scoring at the rim. Brooklyn will need more from the veteran center going forward to justify its investment, Lowe argued. As Brian Lewis of The New York Post details, Jordan was one of the few bright spots during a blowout loss to Phoenix on Sunday, scoring 16 points on 8-of-9 shooting and grabbing 12 rebounds.