The Brooklyn Nets are finalizing a multiyear contract extension with general manager Billy King, league sources told Yahoo! Sports. A formal announcement is expected in the near future, sources said.
King’s contract was set to expire this summer, but talks have been ongoing since the fall on a new deal.
When Mikhail Prokorov bought the Nets, King was tasked with putting together a team that could open the new Barclays Center in Brooklyn in style. King made the blockbuster trade for Deron Williams. He made a good run at Dwight Howard but when that didn’t work he kept Brook Lopez in house this summer (on a max deal). He grabbed Joe Johnson by trade last summer and had also traded for Gerald Wallace.
If you look at it in terms of raw numbers the moves worked — the Nets have improved 27 games from last season, jumping all the way up to four seed in the East. They are currently locked up 1-1 in the first round with the Chicago Bulls.
But the Nets are going to pay a steep price to make that leap — they took on the worst contract in the NBA in Joe Johnson (three years, $70 million left on the deal after this season). They are going to pay Kris Humphries $12 million next season, they have Gerald Wallace for three more years at $30.3 million dollars. There’s also Brook Lopez on with three years, $47 million after this season, but with his production as a scorer there is value there.
Basically, what you see is what you get with the Nets for a few years — they are locked into this roster. They are limited in who they can pick up as a taxpayer and they are not going to get value back in a trade for any of those contracts. The Nets are not a bad team, but they are not a contender and they are what they are for the next few seasons.
The Lakers took on the salary of Jose Calderon this year so they could get a couple second-round picks from the Bulls (Chicago got him from New York in the Derrick Rose trade), but even with the previous regime in Los Angeles the aging point guard was never part of the future.
Sources told ESPN that it’s not yet a certainty Calderon will secure his release from the Lakers in the coming days, but the sides are indeed discussing the options as Wednesday’s playoff eligibility deadline nears….
Sources say that Calderon, if he winds up hitting the open market, would instantly become a target for both the Golden State Warriors and the Houston Rockets.
Cleveland may also have interest if their plan to land Deron Williams when he is bought out by Dallas goes awry.
Calderon, 35, was not part of the Lakers’ regular rotation, playing in just 24 games. He can still knock down a shot if he has space and can set his feet, and he still has a high hoops IQ and can see the floor, but his athleticism has faded, and that can leave him exposed. Particularly on defense.
Players are being waived now so they clear in time for teams to sign them by March 1, after that said players are not eligible for playoff rosters.
There are better players to hit the waiver wire in the coming days — D-Will, Andrew Bogut, Matt Barnes — but Calderon is going to land somewhere. He’d be a solid third point guard and veteran presence for a playoff run.
Marquese Chriss blocks Bobby Portis, who gets testy (video)
The time off during the All-Star break did Dwyane Wade some good.
The Bulls guard turned back the clock on Friday night, leading the Bulls with 23 points and topping it off with this dunk that proved to be the dagger, sealing a Chicago win. The Suns were convinced Wade was going to run the shot clock way down before making his move and they lollygagged into position — so he just blew past everyone for the poster slam.
With a couple of minutes left to go in the second quarter, Isaiah Thomas made the steal when DeMar DeRozan lost the ball on a drive, and Thomas was off to the races. Trying to prevent a lay-up, Carroll decided to foul Thomas far from the basket, but did so with a forearm shove that sent Thomas sprawling on the ground.