The Nets have finalized a contract extension for general manager Sean Marks, multiple sources tell Brian Lewis of The New York Post. The news comes on the heels of a report indicating that Brooklyn is also on the verge of extensions with head coach Kenny Atkinson and his staff.
Marks, who took over as Brooklyn’s general manager in February of 2016, still hasn’t had the Nets’ own first-round pick available in a draft due to the infamous Paul Pierce/Kevin Garnett trade with Boston. However, he has managed to rebuild the club into an up-and-coming potential playoff team, trading for Most Improved Player candidate D’Angelo Russell and finding value late in the first round with picks like Caris LeVert and Jarrett Allen.
Marks has also cleared the team’s salary cap going forward. Heading into the 2019 offseason, the Nets only have about $51MM in guaranteed money on their books for next season, including Allen Crabbe‘s $18.5MM player option. That will give Marks and the front office plenty of flexibility to lock up RFA-to-be Russell and potentially pursue a top free agent or two.
Terms of Marks’ new extension aren’t known, but his previous contract had been set to expire in 2020. His new deal will presumably tack on at least one or two new years, if not more.
I’d expect official confirmation from the Nets on Marks’ deal once Atkinson’s extension is done as well, so the team can announce them both at once.